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CAUTIONARY STATEMENTCAUTIONARY STATEMENTCAUTIONARY STATEMENTCAUTIONARY STATEMENT

THIS PRESENTATION CONTAINS “FORWARD-LOOKING INFORMATION” WHICH MAY INCLUDE, BUT IS NOT LIMITED TO, THIS PRESENTATION CONTAINS “FORWARD-LOOKING INFORMATION” WHICH MAY INCLUDE, BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCES OF NEW DAWN, THE STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCES OF NEW DAWN, THE MATERIAL MINERAL PROPERTIES, THE FUTURE SUPPLY, DEMAND, INVENTORY, PRODUCTION AND PRICE OF GOLD AND MATERIAL MINERAL PROPERTIES, THE FUTURE SUPPLY, DEMAND, INVENTORY, PRODUCTION AND PRICE OF GOLD AND OTHER PRECIOUS MINERALS, THE ESTIMATION OF MINERAL RESERVES AND RESOURCES, THE REALIZATION OF MINERAL OTHER PRECIOUS MINERALS, THE ESTIMATION OF MINERAL RESERVES AND RESOURCES, THE REALIZATION OF MINERAL RESERVE ESTIMATES, THE TIMING AND AMOUNT OF ESTIMATED FUTURE PRODUCTION, COSTS OF PRODUCTION, RESERVE ESTIMATES, THE TIMING AND AMOUNT OF ESTIMATED FUTURE PRODUCTION, COSTS OF PRODUCTION, CAPITAL, OPERATING AND EXPLORATION EXPENDITURES, DEVELOPMENT COSTS FOR THE MATERIAL MINERAL CAPITAL, OPERATING AND EXPLORATION EXPENDITURES, DEVELOPMENT COSTS FOR THE MATERIAL MINERAL PROPERTIES, REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT REGULATION OF MINING OPERATIONS, PROPERTIES, REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT REGULATION OF MINING OPERATIONS, ENVIRONMENTAL RISKS, RECLAMATION AND REHABILITATION EXPENSES, TITLE DISPUTES OR CLAIMS, LIMITATIONS OF ENVIRONMENTAL RISKS, RECLAMATION AND REHABILITATION EXPENSES, TITLE DISPUTES OR CLAIMS, LIMITATIONS OF INSURANCE COVERAGE AND THE TIMING AND POSSIBLE OUTCOME OF LITIGATION AND REGULATORY MATTERS. OFTEN, INSURANCE COVERAGE AND THE TIMING AND POSSIBLE OUTCOME OF LITIGATION AND REGULATORY MATTERS. OFTEN, BUT NOT ALWAYS, FORWARD-LOOKING INFORMATION STATEMENTS CAN BE IDENTIFIED BY THE USE OF WORDS SUCH BUT NOT ALWAYS, FORWARD-LOOKING INFORMATION STATEMENTS CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “PLANS”, “EXPECTS”, “IS EXPECTED”, “BUDGET”, “SCHEDULED”, “ESTIMATES”, “FORECASTS”, “INTENDS”, AS “PLANS”, “EXPECTS”, “IS EXPECTED”, “BUDGET”, “SCHEDULED”, “ESTIMATES”, “FORECASTS”, “INTENDS”, “ANTICIPATES”, OR “BELIEVES”, OR VARIATIONS (INCLUDING NEGATIVE VARIATIONS) OF SUCH WORDS AND PHRASES, “ANTICIPATES”, OR “BELIEVES”, OR VARIATIONS (INCLUDING NEGATIVE VARIATIONS) OF SUCH WORDS AND PHRASES, OR STATE THAT CERTAIN ACTIONS, EVENTS OR RESULTS “MAY”, “COULD”, “WOULD”, “MIGHT”, OR “WILL” BE TAKEN, OR STATE THAT CERTAIN ACTIONS, EVENTS OR RESULTS “MAY”, “COULD”, “WOULD”, “MIGHT”, OR “WILL” BE TAKEN, OCCUR OR BE ACHIEVED. FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OCCUR OR BE ACHIEVED. FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF NEW DAWN TO AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF NEW DAWN TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY THE FORWARD-LOOKING STATEMENTS. ALTHOUGH NEW DAWN HAS ATTEMPTED TO IDENTIFY IMPORTANT FACTORS BY THE FORWARD-LOOKING STATEMENTS. ALTHOUGH NEW DAWN HAS ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL ACTIONS, EVENTS OR RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THAT COULD CAUSE ACTUAL ACTIONS, EVENTS OR RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN FORWARD-LOOKING STATEMENTS, THERE MAY BE OTHER FACTORS THAT CAUSE ACTIONS, EVENTS OR RESULTS TO FORWARD-LOOKING STATEMENTS, THERE MAY BE OTHER FACTORS THAT CAUSE ACTIONS, EVENTS OR RESULTS TO DIFFER FROM THOSE ANTICIPATED, ESTIMATED OR INTENDED. FORWARD-LOOKING STATEMENTS CONTAINED HEREIN DIFFER FROM THOSE ANTICIPATED, ESTIMATED OR INTENDED. FORWARD-LOOKING STATEMENTS CONTAINED HEREIN ARE MADE AS OF THE DATE OF THIS PRESENTATION BASED ON THE OPINIONS AND ESTIMATES OF MANAGEMENT, AND ARE MADE AS OF THE DATE OF THIS PRESENTATION BASED ON THE OPINIONS AND ESTIMATES OF MANAGEMENT, AND NEW DAWN DISCLAIMS ANY OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT NEW DAWN DISCLAIMS ANY OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, ESTIMATES OR OPINIONS, FUTURE EVENTS OR RESULTS OR OTHERWISE, EXCEPT AS REQUIRED OF NEW INFORMATION, ESTIMATES OR OPINIONS, FUTURE EVENTS OR RESULTS OR OTHERWISE, EXCEPT AS REQUIRED BY APPLICABLE SECURITIES LEGISLATION. THERE CAN BE NO ASSURANCE THAT FORWARD-LOOKING STATEMENTS WILL BY APPLICABLE SECURITIES LEGISLATION. THERE CAN BE NO ASSURANCE THAT FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS. ACCORDINGLY, POTENTIAL INVESTORS SHOULD NOT PLACE UNDUE RELIANCE ON ANTICIPATED IN SUCH STATEMENTS. ACCORDINGLY, POTENTIAL INVESTORS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS. SCIENTIFIC AND TECHNICAL INFORMATION CONTAINED HEREIN HAS BEEN FORWARD-LOOKING STATEMENTS. SCIENTIFIC AND TECHNICAL INFORMATION CONTAINED HEREIN HAS BEEN REVIEWED BY MR. IAN R. SAUNDERS, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NEW DAWN MINING CORP., A REVIEWED BY MR. IAN R. SAUNDERS, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NEW DAWN MINING CORP., A QUALIFIED PERSON IN TERMS OF NI 43-101.QUALIFIED PERSON IN TERMS OF NI 43-101.

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FOCUSED, DRIVEN AND DETERMINED TO FOCUSED, DRIVEN AND DETERMINED TO BECOME A MAJOR GOLD PRODUCER IN BECOME A MAJOR GOLD PRODUCER IN

ZIMBABWEZIMBABWE

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Zimbabwe focused gold producer with three significant gold Zimbabwe focused gold producer with three significant gold

campscamps

Expanding substantial ‘in country’ existing gold assets and Expanding substantial ‘in country’ existing gold assets and

operationsoperations

Targeted objective is to reach consolidated annualized gold Targeted objective is to reach consolidated annualized gold

production of:production of:

50,000 to 60,000 ounces of gold within 18 to 24 months50,000 to 60,000 ounces of gold within 18 to 24 months

100,000 ounces of gold within 4 to 5 years100,000 ounces of gold within 4 to 5 years

Corporate Objective - Become a mid-tier gold producerCorporate Objective - Become a mid-tier gold producer

200,000 to 250,000 ounces of annualized gold production based on 200,000 to 250,000 ounces of annualized gold production based on

existing gold assets currently owned and operatedexisting gold assets currently owned and operated

INVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTS

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ZIMBABWE - COMPELLING INVESTMENT ZIMBABWE - COMPELLING INVESTMENT OPPORTUNITYOPPORTUNITY

ZIMBABWE - COMPELLING INVESTMENT ZIMBABWE - COMPELLING INVESTMENT OPPORTUNITYOPPORTUNITY

Exceptional opportunity present in ZimbabweExceptional opportunity present in Zimbabwe Excellent risk/reward compared to recent first world Excellent risk/reward compared to recent first world

experiencesexperiences Developing economies are growing much faster than first Developing economies are growing much faster than first

world economies world economies Emerging world no longer means just high risk – simply Emerging world no longer means just high risk – simply

higher rewards in an already volatile market higher rewards in an already volatile market Strong GDP growth forecasted - Zimbabwe is set to see the Strong GDP growth forecasted - Zimbabwe is set to see the

benefits of an emerging economy – previously the ‘bread basket benefits of an emerging economy – previously the ‘bread basket of Africa’of Africa’

Zimbabwe is geologically rich – under-developed – under-Zimbabwe is geologically rich – under-developed – under-exploredexplored

Large opportunity for exploration, including past gold producing Large opportunity for exploration, including past gold producing mines with new capital and current technologymines with new capital and current technology

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”“Government has no intention of expropriating the

mining industry. No mine has been nationalized since independence. The record speaks for itself.- President Mugabe,

ZimbabweThe Herald, June 3, 2010

INDIGENIZATION AND THE CHAMBER OF MINESINDIGENIZATION AND THE CHAMBER OF MINESINDIGENIZATION AND THE CHAMBER OF MINESINDIGENIZATION AND THE CHAMBER OF MINES

Indigenization Economic Empowerment ‘IEE’ Indigenization Economic Empowerment ‘IEE’ requires foreign firms to have at least 51% requires foreign firms to have at least 51% shareholding by local Zimbabweansshareholding by local Zimbabweans Chamber of Mines suggests indigenous investors in the Chamber of Mines suggests indigenous investors in the

sector should hold a minimum of 15% in foreign-owned sector should hold a minimum of 15% in foreign-owned mines mines

Balance to make up 51% to be comprised of equity Balance to make up 51% to be comprised of equity equivalentsequivalentsIndigenization regulations are being formulated and once Indigenization regulations are being formulated and once

established will bring certainty to the marketestablished will bring certainty to the market

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PRODUCTION EXPANSION• Profitable Turk Mine• Current Production – 15,000 oz

Au/annum• 35,000 to 50,000 oz potential• Cash costs: US$653 per oz (F-

Q3) • Large independently audited

gold resource• 20+ year mine life

EXPLORATION•3 new zones being drilled at Turk Mine•Ultimus - RBK claims optioned by New Dawn•Dalny, Golden Quarry, Camperdown held in CAG

CONSOLIDATION/ACQUISITION• Acquired 89% of Central

African Gold Plc ‘CAG’• Now owns a major gold mining

operation in Zimbabwe• Economies of scale (3

significant gold camps)• Adds significant exploration

lands with Blue Sky potential

THREE PHASE GROWTH STRATEGYTHREE PHASE GROWTH STRATEGYTHREE PHASE GROWTH STRATEGYTHREE PHASE GROWTH STRATEGY

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TURK AND ANGELUS MINES

89% CONTROLLING

INTEREST100% OWNERSHIP

100%

OWNERSHIPOLYMPUS GOLD MINES LTD.

•Old Nic• Camperdown

85% OWNERS

HIP

FALCON GOLD ZIMBABWE LTD.

• Dalny• Golden Quarry (current processing plant for Camperdown)• Venice (dump)

CORPORATE STRUCTURECORPORATE STRUCTURECORPORATE STRUCTURECORPORATE STRUCTURE

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BULAWAYO GOLD CAMPBULAWAYO GOLD CAMP

GWERU GOLD CAMPGWERU GOLD CAMP

KADOMA GOLD CAMPKADOMA GOLD CAMP

LOCATION MAPLOCATION MAPLOCATION MAPLOCATION MAP

MAJOR TOWNS

MAJOR GOLD MINES (<10000KG AU)CAG MINES

NEW DAWN MINE

HWANGEHWANGE

BULAWAYBULAWAYOO

KARIBAKARIBA

HARAREHARARE

MUTAREMUTARE

GWERUGWERU

BEITBRIDGBEITBRIDGEE

Old Nic Old Nic MineMine

Camperdown Camperdown MineMine

Golden Quarry Golden Quarry MineMine

Venice MineVenice Mine

Dalny MineDalny Mine

THREE SIGNIFICANT GOLD CAMPS WITHIN A 300KM RADIUS THREE SIGNIFICANT GOLD CAMPS WITHIN A 300KM RADIUS

Turk and Turk and Angelus MineAngelus Mine

GREENSTONE BELTS

LEGENDLEGEND

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TURK AND ANGELUSTURK AND ANGELUS DALNYDALNY

OLD NICOLD NIC

CAMPERDOWNCAMPERDOWN

GOLDEN QUARRYGOLDEN QUARRY VENICEVENICE

A PORTFOLIO OF MINES IN THREE SIGNIFICANT GOLD CAMPS A PORTFOLIO OF MINES IN THREE SIGNIFICANT GOLD CAMPS

GOLD MINING OPERATIONS IN ZIMBABWEGOLD MINING OPERATIONS IN ZIMBABWEGOLD MINING OPERATIONS IN ZIMBABWEGOLD MINING OPERATIONS IN ZIMBABWE

GWERU GOLD CAMPGWERU GOLD CAMP KADOMA GOLD CAMPKADOMA GOLD CAMPBULAWAYO GOLD BULAWAYO GOLD CAMPCAMP

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15,00015,000

CURRENT PRODUCTIO

N

50,000 – 50,000 – 60,00060,000

100,000100,000

18 TO 24

MONTHS

4 TO 5 YEARS

LONG-TERM

OBJECTIVE

200,000 – 200,000 – 250,000250,000

TARGETED GROWTH OF ANNUALIZED GOLD TARGETED GROWTH OF ANNUALIZED GOLD PRODUCTIONPRODUCTION

TARGETED GROWTH OF ANNUALIZED GOLD TARGETED GROWTH OF ANNUALIZED GOLD PRODUCTIONPRODUCTION

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Ian R. Saunders, BSc Ian R. Saunders, BSc – President and CEO– President and CEO Resident of ZimbabweResident of Zimbabwe 19 years mining experience with over 14 years at the Turk and Angelus Mines 19 years mining experience with over 14 years at the Turk and Angelus Mines Originally Chief Metallurgist at Turk Mine - promotion to GM in 1997Originally Chief Metallurgist at Turk Mine - promotion to GM in 1997 2006 appointed President and COO of the Corporation2006 appointed President and COO of the Corporation 2008 appointed CEO and Director of the Corporation2008 appointed CEO and Director of the Corporation Past President of the Zimbabwe Chamber of MinesPast President of the Zimbabwe Chamber of Mines

Graham R. Clow, CA, BSc Graham R. Clow, CA, BSc – Chief Financial Officer– Chief Financial Officer Over 25 years of experienceOver 25 years of experience 2005 appointed Chief Financial Officer of the Corporation2005 appointed Chief Financial Officer of the Corporation

Richard G. Buzbuzian, BA Richard G. Buzbuzian, BA – Investor Relations – Investor Relations 15 years of principal and advisor roles to public and private companies 15 years of principal and advisor roles to public and private companies Extensive corporate finance, communications, and investor relations experienceExtensive corporate finance, communications, and investor relations experience Relationships with investment firms in Canada, the USA and EuropeRelationships with investment firms in Canada, the USA and Europe

EXPERIENCED MANAGEMENTEXPERIENCED MANAGEMENTEXPERIENCED MANAGEMENTEXPERIENCED MANAGEMENT

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Robert N. Weingarten, BA, MBA Robert N. Weingarten, BA, MBA – Non-executive Chairman– Non-executive Chairman CFO of New Dawn from July 2000 to August 2005CFO of New Dawn from July 2000 to August 2005 President from October 2002 to August 2005President from October 2002 to August 2005 Since August 2006 Non-executive Chairman Since August 2006 Non-executive Chairman Maintains various business interests internationallyMaintains various business interests internationally

Philip G. MacDonnell, BA (Hons), CAPhilip G. MacDonnell, BA (Hons), CA 25 years of industry experience 25 years of industry experience Founding partner of Loewen Ondaatje McCutcheon & Co. Ltd.Founding partner of Loewen Ondaatje McCutcheon & Co. Ltd. Past Director: Vancouver Stock ExchangePast Director: Vancouver Stock Exchange

Divo Milan, MBADivo Milan, MBA 20 years international experience in corporate finance, investment and merchant 20 years international experience in corporate finance, investment and merchant

banking banking CEO of Investigaction Estrategica, Mexico City merchant banking firm CEO of Investigaction Estrategica, Mexico City merchant banking firm Board positions in Mexico and abroadBoard positions in Mexico and abroad

INTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORS

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Dr. Jon North, BSc, MSc, PhD Dr. Jon North, BSc, MSc, PhD International exploration geologist over 20 years of experienceInternational exploration geologist over 20 years of experience President and CEO of Northquest Ltd. TSX.V - NQPresident and CEO of Northquest Ltd. TSX.V - NQ Chairman of Continental Nickel Limited, exploration company listed on the Chairman of Continental Nickel Limited, exploration company listed on the

TSX.V - CNITSX.V - CNI Director of Bridgeport Ventures Inc. TSX.V – BPVDirector of Bridgeport Ventures Inc. TSX.V – BPV

Bryce Fort, B.S Computer Engineering - Bryce Fort, B.S Computer Engineering - ‘Designate’‘Designate’

Managing Director and founding Partner of Emerging Capital Partners Managing Director and founding Partner of Emerging Capital Partners (“ECP”), Washington D.C.(“ECP”), Washington D.C.

ECP is a leading private equity firm focused on investing in Africa; 1st African ECP is a leading private equity firm focused on investing in Africa; 1st African private equity firm to raise more than $1.8 Bprivate equity firm to raise more than $1.8 B

2002 with Deutsche Bank AG’s European Healthcare Corporate Finance 2002 with Deutsche Bank AG’s European Healthcare Corporate Finance GroupGroup

Board of Directors positions with Cellcom Ltd. and Wananchi Group HoldingsBoard of Directors positions with Cellcom Ltd. and Wananchi Group Holdings

INTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORSINTERNATIONAL BOARD OF DIRECTORS

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FINANCIAL HIGHLIGHTSFINANCIAL HIGHLIGHTSFINANCIAL HIGHLIGHTSFINANCIAL HIGHLIGHTS

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CAPITAL STRUCTURECAPITAL STRUCTURECAPITAL STRUCTURECAPITAL STRUCTURE

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A Zimbabwe focused gold producer advancing production and A Zimbabwe focused gold producer advancing production and development of 3 significant gold camps development of 3 significant gold camps

Gold production targets on an annualized basisGold production targets on an annualized basis 50,000 to 60,000 gold ozs in 18 to 24 months50,000 to 60,000 gold ozs in 18 to 24 months 100,0000 gold ozs in 3 to 4 years100,0000 gold ozs in 3 to 4 years 200,000 to 250,000 ozs in 5 to 7 years200,000 to 250,000 ozs in 5 to 7 years

Normalized cash costs estimated at under US$600 per gold ozNormalized cash costs estimated at under US$600 per gold oz Six high priority exploration targets Six high priority exploration targets Proven track record of ‘in country’ operating successProven track record of ‘in country’ operating success Key management resides in ZimbabweKey management resides in Zimbabwe 100% of gold sales collected in US dollars100% of gold sales collected in US dollars Very favorable risk/reward opportunity in today’s global economyVery favorable risk/reward opportunity in today’s global economy Significantly under-valued relative to peersSignificantly under-valued relative to peers

CONCLUSIONCONCLUSIONCONCLUSIONCONCLUSION

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OPPORTUNITY TO EXPAND PRODUCTION UP TO 50K OZ PER ANNUM AND INCREASE RESOURCE BY 1.5 TO 2M GOLD OUNCES THROUGH

EXPLORATION AND INFILL DRILLING

Location: 80 km north east of BulawayoLocation: 80 km north east of Bulawayo Currently producing 14k to 15k ozs of gold Currently producing 14k to 15k ozs of gold

per annum at 580 tonne per day facilityper annum at 580 tonne per day facility Expanding to 22k to 23k oz of annualized Expanding to 22k to 23k oz of annualized

productionproduction New 3MVA power generators being installedNew 3MVA power generators being installed Maximum output capacity estimated at 35k Maximum output capacity estimated at 35k

to to 50k oz of annualized gold production50k oz of annualized gold production

Significant independently audited gold Significant independently audited gold resource base at 4 to 6 gpt goldresource base at 4 to 6 gpt gold

950+ employees950+ employees 11+ years of reserves 11+ years of reserves 20+ years life of mine at maximum output20+ years life of mine at maximum output Anticipated cash costs <$600 US per oz Anticipated cash costs <$600 US per oz

BULAWAYBULAWAYOO

Turk and Turk and Angelus MineAngelus Mine

ZIMBABWE

APPENDIX A - TURK AND ANGELUS MINEAPPENDIX A - TURK AND ANGELUS MINEAPPENDIX A - TURK AND ANGELUS MINEAPPENDIX A - TURK AND ANGELUS MINE

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Location: the eastern part of Location: the eastern part of Bulawayo (one of the oldest gold Bulawayo (one of the oldest gold mines in Matabeleland) mines in Matabeleland)

Consists of 17 claimsConsists of 17 claims The claims are 100% attributable to The claims are 100% attributable to

OlympusOlympus Historical production (to 2006) was Historical production (to 2006) was

0.290M oz of gold from 0.98M 0.290M oz of gold from 0.98M tonnes of ore treated at a grade of tonnes of ore treated at a grade of 9.44 g/t. 9.44 g/t.

Currently an estimated two year life Currently an estimated two year life Opportunity for disposition or joint Opportunity for disposition or joint

ventureventure

BULAWAYBULAWAYOO Old Nic Old Nic

MineMine

ZIMBABWE

APPENDIX A - THE OLD NIC MINEAPPENDIX A - THE OLD NIC MINEAPPENDIX A - THE OLD NIC MINEAPPENDIX A - THE OLD NIC MINE

OPPORTUNITY TO RESTART PRODUCTION AND EXPAND LIFE OF MINE THROUGH EXPLORATION, DRILLING, AND EMPLOYING MODERN

EXPLORATION TECHNIQUES

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Location: approximately 175km southwest of Location: approximately 175km southwest of the capital, Hararethe capital, Harare

Consists of greater than 3,500 claims Consists of greater than 3,500 claims Strike length of approximately 25 kilometersStrike length of approximately 25 kilometers The claims are 100% attributable to FalgoldThe claims are 100% attributable to Falgold Underground operation with an associated Underground operation with an associated

ore treatment plant and the potential for gold ore treatment plant and the potential for gold recovery from tailings materialrecovery from tailings material

Historical production (to 2006) was 2.44M oz Historical production (to 2006) was 2.44M oz of gold from 10.2M tonnes of ore treated at a of gold from 10.2M tonnes of ore treated at a grade of 7.42 g/tgrade of 7.42 g/t

Under-explored offering exceptional Under-explored offering exceptional opportunity opportunity

ZIMBABWE

Dalny MineDalny Mine

APPENDIX A - THE DALNY MINEAPPENDIX A - THE DALNY MINEAPPENDIX A - THE DALNY MINEAPPENDIX A - THE DALNY MINE

OPPORTUNITY FOR DEVELOPMENT OF A NUMBER OF OPEN-PIT, MEDIUM-GRADE, BULK-MINING OPERATIONS WITHIN THE GREATER

DALNY SHEAR ZONE – LARGE BLUE SKY POTENTIAL

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Location: approximately 28km south of Location: approximately 28km south of KadomaKadoma

Consists of over 2,500 claims and numerous Consists of over 2,500 claims and numerous exploration targetsexploration targets

100% attributable to Falgold100% attributable to Falgold Capacity to process 18,000 tonnes of ore Capacity to process 18,000 tonnes of ore

per monthper month Currently on care and maintenanceCurrently on care and maintenance The mine has a modern metallurgical facility The mine has a modern metallurgical facility Historical production (to 2002) was 0.318M Historical production (to 2002) was 0.318M

oz of gold from 2.5M tonnes of ore treated oz of gold from 2.5M tonnes of ore treated at a grade of 3.77 g/t at a grade of 3.77 g/t

ZIMBABWE

Venice Venice MineMine

APPENDIX A - THE VENICE MINEAPPENDIX A - THE VENICE MINE APPENDIX A - THE VENICE MINEAPPENDIX A - THE VENICE MINE

OPPORTUNITY – HIGH PRIORITY TARGET IN TERMS OF EXPLORATION, WIDE RANGE OF POTENTIAL WITH EXISTING COMPLEX HAVING CAPACITY

TO PROCESS 18,000 TONNES OF ORE PER MONTH

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Location: northeast of Shurugwi, Location: northeast of Shurugwi, approximately 30km southeast of approximately 30km southeast of GweruGweru

Consists of 9 claimsConsists of 9 claims The claims are 100% attributable The claims are 100% attributable

to Olympusto Olympus The Camperdown Mine previously The Camperdown Mine previously

produced ore material from both a produced ore material from both a dual open pit and an underground dual open pit and an underground mining operation mining operation

ZIMBABWE

GWERUGWERU

Camperdown Camperdown MineMine

APPENDIX A - THE CAMPERDOWN MINEAPPENDIX A - THE CAMPERDOWN MINEAPPENDIX A - THE CAMPERDOWN MINEAPPENDIX A - THE CAMPERDOWN MINE

OPPORTUNITY TO MEET A SIGNIFICANT PORTION OF EXPANDED PRODUCTION TARGETS WHILE DEVELOPING NEW ADDITIONAL

GOLD RESOURCES AT VERY LOW COSTS

23

Location: approximately 180km Location: approximately 180km northeast of Bulawayonortheast of Bulawayo

Consists of over 1,250 claimsConsists of over 1,250 claims The claims are 100% attributable The claims are 100% attributable

to Falgoldto Falgold Production is sourced from a dual Production is sourced from a dual

open pit (low grade to heap open pit (low grade to heap leach) and underground (milling – leach) and underground (milling – CIL) operationCIL) operation

Mine complex consists of an Mine complex consists of an underground operation with a underground operation with a dedicated milling circuit and dedicated milling circuit and beneficiation plant beneficiation plant

ZIMBABWE

GWERUGWERU Golden Quarry Golden Quarry MineMine

APPENDIX A - THE GOLDEN QUARRY MINEAPPENDIX A - THE GOLDEN QUARRY MINEAPPENDIX A - THE GOLDEN QUARRY MINEAPPENDIX A - THE GOLDEN QUARRY MINE

OPPORTUNITY TO QUICKLY RESUME MINING AND PROCESSING OF GOLD WITHIN THE NEXT 12 MONTHS WITH VERY LOW PROJECT CASH

COSTS PER GOLD OUNCE PRODUCED

24

Batyali Section Exploration ZoneBatyali Section Exploration Zone ~ 240 meters in down dip depth~ 240 meters in down dip depth 100 meters of strike having average 100 meters of strike having average

reef width of ~ 2.5 to 3.5 meters reef width of ~ 2.5 to 3.5 meters To contain ~ 650,000 to 900,000 To contain ~ 650,000 to 900,000

tonnes of mineralized materialtonnes of mineralized material

MVS – Armenian Section MVS – Armenian Section Exploration ZoneExploration Zone

~ 100 meters in down dip depth~ 100 meters in down dip depth 200 meters of strike having average 200 meters of strike having average

reef width of ~ 2.5 to 3.5 metersreef width of ~ 2.5 to 3.5 meters To contain ~ 550,000 to 750,000 To contain ~ 550,000 to 750,000

tonnes of mineralized materialtonnes of mineralized material Angelus Section Exploration ZoneAngelus Section Exploration Zone ~ 90 meters in down dip depth~ 90 meters in down dip depth 100 meters of strike having average 100 meters of strike having average

reef width of ~ 2.5 to 3.5 metersreef width of ~ 2.5 to 3.5 meters To contain ~ 180,000 to 250,000 To contain ~ 180,000 to 250,000

tonnes of mineralized materialtonnes of mineralized material

EXPLORATION AT TURK AND ANGELUS MINESEXPLORATION AT TURK AND ANGELUS MINESEXPLORATION AT TURK AND ANGELUS MINESEXPLORATION AT TURK AND ANGELUS MINES

25

Ultimus ProjectUltimus Project Located in Shurugwi Mining Located in Shurugwi Mining

DistrictDistrict Broad Geo Chemical AnomalyBroad Geo Chemical Anomaly Anomaly measuring 26.74 Anomaly measuring 26.74

hectareshectares Excellent Open Pit PotentialExcellent Open Pit Potential

RKB PropertyRKB Property Located in Shurugwi Mining Located in Shurugwi Mining

DistrictDistrict Excellent Geo Chemical Excellent Geo Chemical

SamplesSamples Open Pit PotentialOpen Pit Potential

NEW DAWN EXPLORATION – RKB AND LADVILLENEW DAWN EXPLORATION – RKB AND LADVILLENEW DAWN EXPLORATION – RKB AND LADVILLENEW DAWN EXPLORATION – RKB AND LADVILLE

ULTIMUS ULTIMUS PROJECPROJEC

TT

RKB RKB PROPERTPROPERT

YY

26

CAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUS

Dalny MineDalny Mine 25 km Shear Zone25 km Shear Zone Numerous gold depositsNumerous gold deposits Under exploredUnder explored Presence of artisanal minersPresence of artisanal miners

Venice MineVenice Mine Large Claim AreaLarge Claim Area Multiple Exploration targetsMultiple Exploration targets Currently under-exploredCurrently under-explored

DALNYDALNY

VENICEVENICE

27

CAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUSCAG EXPLORATION – FALGOLD AND OLYMPUS

Camperdown MineCamperdown Mine Large Geological SystemLarge Geological System Mainly Open PitMainly Open Pit Excellent potential for Excellent potential for

further resourcesfurther resources

Golden Quarry MineGolden Quarry Mine Opportunity to expand open Opportunity to expand open

pit pit Potential at depth also Potential at depth also

presentpresent Under-exploredUnder-explored

CAMPERDOWNCAMPERDOWN

GOLDEN QUARRYGOLDEN QUARRY