1. TSX-V: ALR
WELL POSITIONED IN AN
EMERGING COPPER-GOLD
PORPHYRY DISTRICT
February 2013 1
2. Forward Looking Statements
This document contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited
to, statements with respect to the development potential and timetable of the Rosita project; the timing and amount of estimated future
development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; government regulation
of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology
such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not
anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”,
“might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are based on the opinions and estimates of management as of the
date such statements are made. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied
by such forward-looking statements, including but not limited to risks related to: timing and availability of external financing on acceptable terms;
unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of
government approvals; actual results of exploration and mining activities; changes in project parameters as plans continue to be refined; future
prices of metals; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining
industry. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not
undertake to update any forward-looking statements except in accordance with applicable securities laws.
The technical and scientific information included herein has been reviewed and approved by Joseph Arengi, M.Sc., P.Geo , President and CEO of
the Company, and a qualified person under National Instrument 43-101 of the Canadian Securities Administrators.
2
3. Investment Highlights
Past producing • Option to earn a 65% interest in the high grade copper-gold-silver Rosita
project
Rosita Project in • Historic production of 245 million lbs Cu, 160,000 oz Au and 2.6 million oz Ag
Nicaragua from two pits
Well positioned in • Located in the prolific Mining Triangle of northeast Nicaragua
• 7 km north of Calibre Mining/B2Gold’s Primavera prospect, a significant
an emerging copper-gold porphyry discovery
mining district • Stable, pro-mining government
• Stockpiles include a NI 43-101 compliant inferred resource of 8 million tonnes
High grade
containing 108.5 million lbs Cu, 118,500 oz Au and 2.4 million oz Ag (1.01%
resource Cu Eq. grade1)2,3
• Initial 5,500 m drill program has identified a 1.1 km long and 200 m deep Cu-
Significant Au-Ag mineralized zone at the Santa Rita deposit
exploration upside • Drill highlights include 0.57% Cu, 1.52 g/t Au and 5.93 g/t Ag over 15 m, 29.54
g/t Au over 8 m and 1.42% Cu, 0.18 g/t Au and 20.45 g/t Ag over 10 m
Experienced • Experienced management team and Board of Directors
Management – Extensive exploration and community relations experience in Nicaragua
1. Assumes a long term copper price of US$2.90/lb, gold price of US$1,200/oz and silver price of US$24/oz.
2. See Data in NI 43-101 Technical Report entitled “Technical Report on Mineral Resource Estimate of the Rosita Stockpiles” dated June 22, 2012 and filed on SEDAR.
3. As reported in the news release issued by Alder on May 9, 2012, the inferred resource estimate totals 7.95 mt, at an average grade of 0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag
3
with an overall copper equivalent grade of 1.01%. The inferred mineral resource contains 108 million pounds of Cu, 118,500 ounces of Au and 2.35 million ounces of Ag.
4. Management and Board of Directors
Joseph Arengi | President and CEO Don Dudek | Chairman
• 35 years of exploration and operational experience • Held various roles with junior and senior exploration and
throughout Canada, Nicaragua, South America and mining companies over the past 28 years
Africa • Currently serves as Senior VP Technical Services for
• Credited with discovering 4 billion pounds of copper Endeavour Mining Corp. and prior to that he served as
and 60 million ounces of silver in Botswana Exploration Manager for Aur Resources Inc.
Ryan Ptolemy | CFO Rene Bharti | Director
• Certified General Accountant and CFA charter holder • Has held roles in several public and private companies,
• Currently CFO of Rodinia Lithium Inc. and Belo Sun including experience in the mining sector which will be
Mining Corp. important for the company's development of its projects in
Nicaragua
Josh van Deurzen | Corporate Secretary
Dan Bruno | Director
• Corporate and securities lawyer, working as a legal
consultant to various public and private companies in • Over 15 years of investment experience and was
the resource-based sector previously a Managing Director of a US based Investment
Bank and a Director, in the Investment Banking group at
GMP Securities Ltd.
Hon. Pierre Pettigrew | Director
• Former Minister of Foreign Affairs and currently Executive
Advisor, Deloitte Touche LLP
• Current board member of several public companies
Will Randall | Director
• Professional Geologist and currently President and CEO
of Rodinia Lithium Inc.
4
5. Share Capital and Share Performance
$0.30 3.50
TSX Venture Symbol ALR
3.00
$0.25
Share Price (February 14, 2013) $0.06
2.50
Share Price (52-week range) $0.05 - $0.29 $0.20
2.00
Volume (millions)
Price (CAD)
Issued and Outstanding 72.8 million $0.15
1.50
Fully Diluted1 95.6 million $0.10
1.00
Cash and Marketable Securities2 $1.0 million
$0.05
0.50
Market Capitalization (Basic) $4.4 million
$- 0.00
Feb-12
Feb-11
Apr-11
Oct-11
Apr-12
Oct-12
Jun-11
Aug-11
Dec-11
Jun-12
Aug-12
Dec-12
Insider/Institutional Holders 25%
1. 6,920,000 options outstanding with a weighted average exercise Volume Price
price of $0.21 and a weighted average life of 2.7 years and
15,952,019 warrants outstanding with an exercise price of $0.20
expiring on January 31, 2014.
2. As reported on December 20, 2012 in audited year end financial
statements for the period ending September 30, 2012
5
7. Project History & Overview
• Option agreement with Calibre Mining to earn a 65% interest in the Rosita D concession by
making the following payments:
– Project expenditures of C$4.0 million (C$2.5 million already spent)
– Issuance of 1,000,000 shares over a four year period (400,000 shares have been issued)
• Completed an initial 5,900 m drill program centered on the past producing Santa Rita and
R-13 deposits
• Mineralization below the Santa Rita pit is open along strike to the east, west and down dip
• Exploration upside from the Bambana prospect located 4 km northwest of Santa Rita
– 400 m drill program completed
• Concession hosts the historic open-pit Santa Rita copper-gold-silver deposit
– Historic production of 245 million lbs Cu, 160,000 oz Au and 2.61 million oz Ag
– Reported mill recoveries of 60 – 80%
• First gold recovery during the last five years of production
• Mine closed in 1975 due to low copper prices
• Management believes that a substantial amount of Cu-Au-Ag mineralization lies both below
and adjacent to the Santa Rita pit
7
8. Project Location
• The Rosita D concession covers 3,356 hectares in the prolific Mining Triangle of northeast Nicaragua,
275 km northeast of the capital city of Managua
• 7 km north of the Primavera prospect (Calibre Mining/B2Gold), where a significant porphyry style Au-Cu
mineralization has been discovered
• Rated the safest country in Central
America with a long mining history
• Modern infrastructure and easily
accessible
• Stable, supportive and
democratically elected government
Cobre Panama supportive of foreign investment
605 M tonnes Cu
• Supportive mining laws with a
reasonable tax regime: 3% NSR,
Cerro Colorado
1,445 M tonnes Cu 30% Net Profits Tax all in
• Three producing gold mines:
– La Libertad and El Limon Mines
(B2Gold)
– Bonanza Mine (Hemco)
Prolific, underexplored mining district with a stable, pro-mining government
8
9. Nicaragua – An Emerging Porphyry District
Bonanza
3.0M ozs Au
production*
Puerto
Cabezas
Managua
Forest Reserve
Rosita
108M lbs Cu, 118K ozs Au,
2.4M ozs Ag resource
Primavera
Alder
B2Gold/Calibre Discovery
261.7M @ 0.78 G/T Au, 0.30% Cu Calibre
Calibre-B2Gold
Siuna
Hemco
2.3M ozs Au production*
*See data in NI43-101 Technical Report entitled
“Technical Report on the Copper-Gold-Silver
Porphyry/Skarn Project at the Rosita D Concession dated
January 5, 2012 which is filed on SEDAR.
Mining Triangle of Nicaragua has produced over 305 million lbs Cu and 8 million oz Au
9
10. Project Geology, Targets and Prospects
Bambana Porphyry
Tipispan
El Rastro Gold
T3
Zopilote* Rosita Skarn
S=79,000T @ 0.97 %Cu
Ox=176,000T @ 0.90 %Cu And Gold
West R-13 and R-13*
Gold Zone S=1,200,000T @ 1.42 %Cu
Magnetite Hill * Santa Rita*
S=344,000T @ 0.55 %Cu S=1,183,000T @ 0.83 %Cu
Ox=1,230,000T @ 0.42 %Cu
Multiple highly prospective targets yet to be drilled
Refer to press release dated Nov 1, 2012
10
11. Santa Rita Inferred Stockpile Mineral Resource
Santa Rita Stockpiles – Compliant Inferred Resource
Effective Date: June 22, 2012
TONNES Cu Au Ag CuEq Cu Au Ag
STOCKPILE
(Mt) (%) (g/t) (g/t) (%) (M lbs) (oz) (oz)
NORTH 3.33 0.78 0.58 10.3 1.25 56.99 62,100 1,100,900
SOUTH 2.20 0.33 0.49 5.1 0.69 16.16 34,700 360,000
NE 0.55 0.50 0.22 9.6 0.75 6.06 3,800 168,300
EAST 1.88 0.71 0.30 12.0 1.03 29.33 17,900 725,100
TOTALS 7.95 0.62 0.46 9.2 1.01 108.54 118,500 2,354,300
Notes on Mineral Resource Estimation
1. See Data in NI 43-101 Technical Report entitled “Technical Report on Mineral Resource Estimate of the Rosita Stockpiles” dated June 22, 2012 and filed on SEDAR.
2. The mineral resource estimate base case is reported at a 0.15% copper equivalent cut-off grade; this cut-off incorporates consideration of mining and processing cost,
recoveries, commodity prices and selling cost.
3. The mineral resource estimate is reported on an undiluted basis.
4. The mineral resource estimate assumes a long term copper price of US$2.90/lb, a gold price of US$1,200/oz and a silver price of US$24/oz.
5. Rounding as required by NI 43-101 reporting guidelines may result in apparent summation differences between tonnes, grade and contained metal content.
6. Tonnage and grade measurements are in metric units. Contained gold and silver ounces are reported as troy ounces, contained copper pounds as imperial pounds.
7. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by
environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
8. The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred
mineral resources as indicated or measured mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured mineral
resources.
Robust resource base at low resource discovery cost of $0.01/lb Cu1
1. Based on the inferred copper mineral resource and total exploration expenditures of $900,000
11
12. Santa Rita Stockpile RC Drilling
1.25 % Cu, 0.47 g/t Au,
11.8 g/t Ag/19.5m
2.21 % Cu, 0.14g/t Au, 0.54 % Cu, 0.51 g/t Au,
15.3 g/t Ag/4.5m 5.1 g/t Ag/10.5m
0.29 % Cu, 0.10 g/t Au,
5.7 g/t Ag/12.0m
0.54 % Cu, 3.69 g/t Au,
5.2 g/t Ag/10.5m
• Stockpiles include a NI 43-101 compliant inferred resource of 8 million tonnes containing
108.5 million lbs Cu, 118,500 oz Au and 2.4 million oz Ag (1.01% Cu Eq. grade1)2,3
• Stockpiles were created in early 1970’s when copper price was low and the resources
placed at surface were considered low grade, in today’s market they are economic
Large Broken Rock Stockpiles with existing 43-101 Compliant Inferred Resource
1. Assumes a long term copper price of US$2.90/lb, gold price of US$1,200/oz and silver price of US$24/oz.
2. See Data in NI 43-101 Technical Report entitled “Technical Report on Mineral Resource Estimate of the Rosita Stockpiles” dated June 22, 2012 and filed on SEDAR.
3. As reported in the news release issued by Alder on May 9, 2012, the inferred resource estimate totals 7.95 mt, at an average grade of 0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag
12
with an overall copper equivalent grade of 1.01%. The inferred mineral resource contains 108 million pounds of Cu, 118,500 ounces of Au and 2.35 million ounces of Ag.
13. Santa Rita and R-13 Deposits & Targets
0.49Cu, 1.15Au,
4.4Ag/4m
29.54/8m
0.80Cu, 10.45Au,
21.83Ag/3m
1.42Cu, 0.18Au,
20.45Ag/10m
0.87Cu, 0.81Au,
7.96Ag/14m
6.90/8.0,
1.76/4m
IP Anomaly
Potential to add additional tonnage to an already robust stockpile resource
Refer to press release dated Nov 1, 2012
13
14. Santa Rita Targets
Stockpiles include a NI 43-101 compliant
inferred resource of 8 million tonnes
containing 108.5 million lbs Cu, 118,500
oz Au and 2.4 million oz Ag (1.01% Cu
Eq. grade1)2,3
Stockpile
Stockpile
Stockpile
1. Assumes a long term copper price of US$2.90/lb, gold price of US$1,200/oz and silver price of US$24/oz.
2. See Data in NI 43-101 Technical Report entitled “Technical Report on Mineral Resource Estimate of the Rosita Stockpiles” dated June 22, 2012 and filed on SEDAR.
3. As reported in the news release issued by Alder on May 9, 2012, the inferred resource estimate totals 7.95 mt, at an average grade of 0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag
14
with an overall copper equivalent grade of 1.01%. The inferred mineral resource contains 108 million pounds of Cu, 118,500 ounces of Au and 2.35 million ounces of Ag.
15. Bambana Targets
• Located 4 km northwest of the Santa Rita deposit
• Latest trenching returned 12.1m grading 5.21% Cu, 4.40g/t Au and 144.01 g/t Ag and
6.5m grading 7.48% Cu, 2.36 g/t Au and 316.13g/t Ag
• Calibre Mining completed three drill holes that returned intercepts of up to 50 m grading
0.42% Cu, 7.00 g/t Ag and 11.5 m grading 0.51% Cu, 7.56 g/t Ag and 0.25 g/t Au
Bambana Porphyry
Tipispan
El Rastro Gold
T3
Zopilote*
S=79,000T @ 0.97 %Cu
Rosita Skarn
Ox=176,000T @ 0.90 %Cu And Gold
West R-13 and R-13*
Gold Zone S=1,200,000T @ 1.42 %Cu
Santa Rita*
Magnetite Hill * S=1,183,000T @ 0.83 %Cu
S=344,000T @ 0.55 %Cu
Ox=1,230,000T @ 0.42 %Cu
15
16. Bambana Area – T3 Prospect
• Trench returned porphyry-style mineralization that
included 12 m grading 3.32% Cu, 0.22 g/t Au and
37.55 g/t Ag
• Rock-chip sampling at two benches returned two T3 Zone – Bench Sample Results
wide intercepts of 29 m grading 2.09% Cu, 0.19 2.09 Cu %, 0.19 Au g/t,
14.6 Ag g/t / 29.0m
g/t Au and 14.6 g/t Ag and 29 m grading 1.98% 1.98 Cu %, 0.14 Au g/t,
Cu, 0.14 g/t Au and 14.4 g/t Ag 14.4 Ag g/t / 29.0m
• 400 m drill program has successfully confirmed the
presence of shallow, high grade, oxide copper and 1.74 Cu %, 0.09 Au g/t, 1.23 Cu %, 0.36 Au g/t,
silver mineralization 16.64 Ag g/t / 18.0m 10.63 Ag g/t / 13.0m
920
• Untested IP chargeability anomaly with porphyry 919
copper potential
Close proximity to the Santa Rita pit provides future development upside
* Refer to news release dated Jun 13, 2012 and Nov 1, 2012
16
17. Bambana Area – Tipispan Prospect
• Trenching has returned 12.1m grading 5.21% Cu,
4.40g/t Au and 144.01 g/t Ag and 6.5m grading
Circular Magnetic
7.48% Cu, 2.36 g/t Au and 316.13g/t Ag Feature
• Historic drilling returned porphyry-style
BB10-03
mineralization that included 50 m grading 0.42%
Cu and 7.00 g/t Ag and 11.5 m grading 0.51%
Cu, 0.25 g/t Au and 10.41 g/t Ag BB10-01
0.42% Cu
• Mineralized zone traced >200 m on surface and 7.00 g/t Ag / 50.0m
100 m vertical depth BB10-02 Tipispan
0.51 Cu, 0.25 Au
7.56 Ag / 11.5m
T3
919
1.23 Cu, 0.36 Au,
10.63 Ag / 13.0m
Zopilote*
920 176,000 tonnes @ 0.90% Cu
1.74 Cu, 0.09 Au, (Oxide)
16.64 Ag / 18.0m 79,000 tonnes @ 0.97% Cu
(Sulphide)
Close proximity to the Santa Rita pit provides future development upside
* Refer to news release dated Nov 1, 2012
17
18. Bambana Area – Tipispan Prospect
Refer to press release dated Jan 9, 2013
18
19. Bambana Area – Tipispan Prospect
Trench 12 Intercept
(projected 100m north)
BB10-002
7.48% Cu, 2.36 g/t Au, 316 g/t Ag,
1.40% Pb and 3.28% Zn/6.5m
Proposed
Drillhole BB10-001
0.13% Cu, 0.16 g/t Au,
2.11 g/t Ag / 61.9m
0.51% Cu, 0.25 g/t Au,
10.41 g/t Ag / 11.5m 0.42% Cu,
7.00 g/t Ag/50.0m
0.21% Cu,
3.49 g/t Ag/117.0m
Refer to press release dated Jan 9, 2013
19
20. Bambana Area – Tipispan Prospect
Leached Cap
Supergene
Copper Blanket
20
21. Exploration and Development Timeline
Milestone Q1 2013 Q2 2013 Q3 2013 Q4 2013
Diamond Drilling – Santa Rita (7,500 m)
Diamond Drilling – Bambana (2,500 m)
Metallurgical Testing
Resource Estimate – Santa Rita
Scoping Study
General Exploration
21
22. Reasons to Invest
Past producing project with Well positioned in a stable
Robust resource base with
significant economic and emerging mining district
potential exploration upside
with strong management
• Previously a high grade, open-pit • Located in the prolific Mining • Stockpiles include a NI 43-101
mine with historic production of Triangle of northeast Nicaragua, compliant inferred resource of 8
245 million lbs Cu, 160,000 oz host to several significant copper million tonnes containing 108.5
Au and 2.61 million oz Ag and gold porphyry deposits million lbs Cu, 118,500 oz Au and
• Potential for project with • Stable, pro-mining government 2.4 million oz Ag (1.01% Cu Eq.
excellent economics at current with supportive mining laws and grade1)2,3
copper price levels a reasonable mining tax regime • Excellent drill and trenching
• Proximity to emerging and active • Highly experienced management results illustrate the potential to
mining districts team with strong Central establish a significant high grade
American Focus resource
1. Assumes a long term copper price of US$2.90/lb, gold price of US$1,200/oz and silver price of US$24/oz.
2. See Data in NI 43-101 Technical Report entitled “Technical Report on Mineral Resource Estimate of the Rosita Stockpiles” dated June 22, 2012 and filed on SEDAR.
3. As reported in the news release issued by Alder on May 9, 2012, the inferred resource estimate totals 7.95 mt, at an average grade of 0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag
22
with an overall copper equivalent grade of 1.01%. The inferred mineral resource contains 108 million pounds of Cu, 118,500 ounces of Au and 2.35 million ounces of Ag.
23. TSX-V: ALR
65 Queen Street West, Suite 800
Toronto, ON, M5H 2M5
info@alderresources.ca
Follow us:
Joseph Arengi Don Dudek Michael McAllister
President and CEO Chairman Manager, IR
(416) 309-4296 (416) 861-2261 (416) 309-2134
jarengi@alderresources.ca mmcallister@alderresources.ca
23
24. Santa Rita and R-13 Drill Highlights
To Thickness Cu Au Ag
Hole ID Area From (m) (m) (m) (%) (g/t) (g/t)
D901 Sta Rita 75 85.9 10.9 0.36 0.15 6.32
" 89 92 3 0.12 1.27 3.57
D906 R-13 213 217 4 0.49 1.15 4.40
D910 Sta Rita 50 115 65 0.20 1.48 (1.00 cut) 2.00
Including 84 92 8 <0.1 6.90 (3.03 cut) <0.1
and 100 115 15 0.57 1.52 5.93
and 106 110 4 1.46 3.22 15.25
D911 R-13 173 179 6 0.05 1.86 3.15
and 262 292 30 0.31 1.10 5.78
including 289 292 3 0.80 10.45 (10.33 cut) 21.83
including 290 291 1 0.48 30.37 (30.00 cut) 11.6
D912 Santa Rita 156 158 2 1.24 1.45 12.25
and 197 201 4 0.03 1.76 0.09
D914 Sta Rita 235 250 15 0.04 15.82 (5.62 cut) 0.23
including 240 248 8 0.04 29.54 (9.38 cut) 0.29
including 241 243 2 0.04 110.69 (30.00 cut) 0.60
D915 Santa Rita 57 63 6 0.36 0.15 3.07
and 96 149 53 0.50 0.08 6.44
including 128 138 10 1.42 0.18 20.45
and 129 133 4 1.94 0.25 30.05
D916 Santa Rita 7 12 5 0.33 0.09 1.14
D917 Santa Rita 0 55 55 0.05 0.31 0.86
including 8 14 6 0.19 1.07 3.62
and 98 105 7 0.32 0.13 4.37
and 165 169 4 0.35 0.55 2.40
D918 Santa Rita 71 85 14 0.87 0.81 7.96
Excellent drill results illustrate the potential to establish a significant high grade resource
Refer to press release dated May 31, 2011; Nov 1, 2012
24
25. Santa Rita/R-13 Deposit Skarn Cu Mineralization
Santa Rita Pit
R-13 Pit
D916:0.33Cu / 5m
D910: 0.2Cu / 65m D901: 0.36Cu / 10.9m
D918: 0.87Cu / 14m
D907 :0.09Cu / 24m
D917: 0.32Cu / 7m D903:0.01Cu / 1m
D911:0.67Cu / 5m
D912 :0.29Cu / 14m D915:1.42Cu / 10m D911:0.05Cu / 6m
D912: 0.03Cu / 4m
D911:0.9Cu / 6m
D911:0.8Cu / 3m D906:0.49Cu / 4m
0.54Cu/ 24.4m 2.27Cu/ 16.7m
Note: Alder has not yet verified the historic drill results reported herein and does not intend to use this information for purposes
other than planning and prioritizing exploration targets. See News Release of May 31, 2012 and September 11, 2012 25
26. Santa Rita/R-13 Deposit Skarn Au/Ag Mineralization
Santa Rita Pit
R-13 Pit
D916: 0.09, 1.14 / 5m
D918: 0.81, 7.96 / 14m D910: 1.48, 2.00 / 65m D901: 0.15, 6.32 / 10.9m
D907: 0.15, 0.05 / 24m
D903: 0.33, 9.00 / 1m
D917: 0.13, 4.37 / 7m D911: 0.16, 15.86 / 5m
D912: 0.51, 2.60 / 14m D915: 0.18, 20.45 / 10m D911: 1.86, 3.15 / 6m
D912: 1.76, 0.09 / 4m
D911: 0.05, 12.60 / 6m
D911: 10.45, 21.83 / 3m D906: 1.15, 4.40 / 4m
Crosscutting New Gold Zones
Note: Alder has not yet verified the historic drill results reported herein and does not intend to use this information for purposes
other than planning and prioritizing exploration targets. See News Release of May 31, 2012 and September 11, 2012 26
27. Bambana Prospect – T3 Zone Bench Sample
3.07% Cu, 0.14 g/t Au and 14.4 g/t Ag over 1 m
* Refer to news release dated Jun 13, 2012 and Nov 1, 2012
27
28. Ground Magnetic Survey – 108 km
A number of prospective anomalies warrant follow-up exploration work
28
29. Geophysics Compilation
IP Targets
R-13 Pit
Santa Rita Pit
A number of prospective anomalies warrant follow-up exploration work
29
