DisclaimerDisclaimer

This presentation includes ‘Forward-Looking Statements’ as well as historical information. These statements include Simberi’s continued advancement of its mineral exploration, development and production programs. When used in this presentation, the words “potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan" and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.

Although Simberi believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com.

Although Simberi believes the facts and information contained in the pages of this presentation to be as correct and current as possible, Simberi does not warrant or make any representations as to the accuracy, validity or completeness of any facts or information contained in these pages.

Mineral resources which 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. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define an indicated mineral resource on the property and it is uncertain if further exploration will result in discovery of an indicated or measured mineral resource on the property.

Mike Newbury, P.Eng. is the Qualified Person who has reviewed this presentation on behalf of the Company.

Corporate ProfileCorporate Profile

Simberi Mining Corporation (Simberi) is a Canada-based international mineral development company that participates in early to mid stage properties with high potential for future production.

Reasonable returns on capital are achieved through innovative exploration and development, acquisitions, and joint venture strategies that seek to securitize value in individual projects at optimal points in the mineral development cycle

Management and Directors have extensive mineral development expertise and networks in Canada and internationally

Simberi Property PortfolioSimberi Property Portfolio

A geographically diverse mineral property portfolio that includes potential base and precious metals projects in: Africa

Democratic Republic of the Congo Copper / Cobalt

Australia South Australia

Copper/ Gold/ Uranium (Olympic Dam type deposits) Western Australia

Nickel/ Platinum Group Metals Share holdings in Australian resource Companies

Blackham Resources ASX Korab Resources ASX

Properties:Properties:

Kakanda - Democratic Republic of Congo (Simberi 51% increasing to 70%) Copper/Cobalt

Lambina - South Australia (Simberi 100%) Gold/Uranium/Copper

Mt. Sarah - South Australia (Simberi 60%) Gold/Uranium/Copper

Mt. Narlee - South Australia (Simberi 60%) Gold/Uranium/Copper

Merlot - Western Australia (Simberi 100%) Nickel/Copper/Platinum

Corporate StatusCorporate Status

TSX Venture listed – SAU 164.2 million shares and 10.9 million options

outstanding Market Capitalization Range

Jan. 16, 2009, 1 cent/share, 164.2M shares, $1.6 million market cap.

Jan. 16, 2008, 7 cents/share, 162.9M shares, $11.4 million market cap.

Jan. 16, 2006, 33 cents/share, 120.4M shares, $39.7 million market cap.

No debt

Valuation per Share – Valuation per Share – Metal Price SensitivityMetal Price Sensitivity

Asset Net Present Asset Value

$ Millions (20% Discount)

Simberi Net Interest %

Risk Factor (Political,

Taxes, Royalties)

Risked Net Value

Value ($US) per

Outstanding Shares

(164.2M)

Kakanda Tailings 20%NPV US $ $3.80/$48/ lb

Cu/Co

$731.5 70% 50% $256.0 $1.56

Kakanda Tailings

20%NPV US$ $2/$15 / lb

Cu/Co

$155.2 51% 50% $39.6 $0.24

Kakanda Tailings 20%NPV US $ $1.50/$15 / lb

Cu/Co

$102.1 51% 50% $26.3 $0.16

(Kakanda Tailings May 25, 2008 NI 43-101Evaluation. Kakanda hard rock reserves are historical and not included in the valuation.)

Officers and DirectorsOfficers and Directors

Michael Newbury, P.Eng, M.Sc.President & Chief Executive Officer Professional Engineer with 40 years of mineral development and

evaluation expertise in Russia, Africa, Australia, Mongolia and South America. Studies in Geology and Mining Engineering at Queen’s University and McGill. Founding partner of Endeavour Financial with senior roles in major mining and financial organizations. Director of Hawk Uranium, and Roscan Resources.

James S. Hershaw, CFA, MBA, B.Sc. (Eng)Vice President, Corporate Development & Chief Financial Officer 25 years of energy and mineral development expertise in Canada and

Africa. Mining Engineering from Queen’s University, MBA from University of Alberta with a CFA. CEO and Director of WATT Energy LP(s) with senior roles in energy, mineral and investment organizations. Extensive experience with capital markets and flow through shares with firms including Nesbitt Burns and Dynamic Funds.

Officers and DirectorsOfficers and Directors

Paul Pathak, LLBCorporate Secretary Mr.  Pathak is as a partner of Chitiz Pathak LLP, a Toronto law firm. Mr.

Pathak practices principally in the areas of corporate, securities, mergers, acquisitions and commercial law. He provides sophisticated guidance to private and public corporate clients in industry, including natural resources, technology, manufacturing, merchant banking and advertising. Mr. Pathak was called to the Ontario Bar in 1994, having completed his LL.B. at Osgoode Hall Law School. He has sat on the boards of and acted as a corporate secretary to several private and public companies listed on both the Canadian and American stock exchanges.

Carlissa De Rose, B.Sc. Manager, Corporate Affairs Securities compliance, corporate finance, business development and

investor relations. Holds similar position with Renforth Resources Inc. BSc graduate from Dalhousie University.

Officers and DirectorsOfficers and Directors

Maurice H. Stekel Audit Committee Chair Chartered Accountant with 43 years of mineral development consultancy

and mining company directorships. Founding partner of Birnbaum, Prenick Stekel, CA firm.

Geoff Farrar Compensation Committee Chair A senior banker with 40 years of banking, finance and mineral

development expertise. Former President, CEO and Director of Barclays Bank of Canada. Director of Great Western Diamonds.

William Potter Corporate Governance Committee Chair An investment banker with 30 years of expertise and an MBA from

Harvard University. Chairman of Meredith & Co, New York and director of numerous companies and foundations including New Congo Resource Development Inc. Leading African developments through direct connection to highest levels of US and DRC Congo governments and the Carter Commission which guides the terms for mining development in the Congo.

Officers and DirectorsOfficers and Directors

John Cerenzia Director Extensive experience with small capitalization natural resource

companies. Current director with Kent Exploration, and former director with Helix Ventures, YSV Ventures and Richview Resources.

KakandaKakanda Democratic Republic of the CongoDemocratic Republic of the Congo

African Resource PotentialAfrican Resource Potential

DRC Congo DRC Congo “size of Europe”

Kakanda

CentralCentral African Copper Belt African Copper Belt

Kakanda Property

Property LocationProperty Location

KAKANDA

N

KEY MAP

0

km

10

Central African Copper Belt Central African Copper Belt and the DRCand the DRC

A 600 km long and 50 km wide arc of copper deposits stretching through the Democratic Republic of Congo and Zambia.

Contains in excess of 10% of the world's known copper resources and about 34% of global cobalt deposits

Political instability, war and nationalizations severely curtailed mineral exploration in the region in the 70s, 80s, and 90s

Recently Improvement in economic and political stability A new western style mining code Economic development potential for the DRC due to:

Participation of World Bank and other IFI’s Educated knowledgeable workers Development of infrastructure

Kakanda Copper-Cobalt ProjectKakanda Copper-Cobalt Project Project:

1997 feasibility study confirmed technical feasibility and economic viability of the project

Tailings (Indicated resources): 18.5 million tonnes at 1.2% Cu and 0.15% Co

Hard Rock (Historical resources): 18.6 million tonnes at 3.19% Cu and 0.19% Co

Location: South-eastern Democratic Republic of Congo (“DRC”) 200 km northwest of provincial capital of Lumbumbashi Part of Central African Copper Belt

Ownership: Simberi – 51% (through wholly owned subsidiary New Congo

Resource Development Company Inc) Gecamines – 49% DRC state mining company Simberi is currently negotiating to increase its ownership to a

minimum of 70%

Kakanda Property MapKakanda Property Map

Boundary of the Simberi-Gecamines Joint Venture Property

PropertyProperty

The Kakanda Tailings concession comprises approximately 6.48 km2

The Kakanda North and South Pits concession covers approximately 5.67 km2.

The total area of the two overlapping concessions under the Joint Venture is 10.53 km2 (un-surveyed) under Permis d’Exploration No. 469

The joint venture is between Gecamines and PTM Minerals (Cayman) Ltd. a wholly owned subsidiary of Simberi.

PTM Minerals: A wholly owned subsidiary of Simberi (through New Congo) Original Exploration License issued August 2, 1996 License issued May 31, 1997 Ministerial Decree No. 0366/Cab. Mines/KKM/MK/MN/97

Property UpdateProperty Update

In November 2007 the Commission of the Democratic Republic of the Congo reviewed all foreign mining licenses and acknowledged Simberi’s rights to the Kakanda concessions and the joint venture with Gecamines

The Commission has recognized Simberi and prior organizations affiliated with Simberi’s wholly owned subsidiary PTM as having invested in excess of $15 million in exploration and development of the properties and fulfilled their contractual obligations resulting in the bankable feasibility study completed in October 1997 and the more recent 43-101 compliant technical report completed in fall 2006 with an update in May 2008.

On December 18, 2008 Gecamines and PTM signed a Memorandum of Understanding (MOU) to establish a joint venture Kakanda Mining Development to exploit the Kakanda tailings deposit. The hard rock resources are not included in the MOU but are subject to continuing discussion with Gecamines.

Resources Resources

0.151.2218,420,000Tailings Total (Indicated)

0.193.1918,600,000Historical Hard Rock

0.151.2513,010,000Tailings Oxide-silicate

0.121.095,410,000Tailings Oxide-dolomitic

Total Co%

Total Cu%

TonnesZone

The resource estimation for the Kakanda tailings is classified as Indicated Resources by NI 43-101 standards. The historical hard rock resources are not NI 43-101 compliant. See MPH Consulting Report filed on www.sedar.com for complete details.

Kakanda TailingsKakanda Tailings

Produced from the mining of the nearby pits

Processing inefficient resulting in high-grade tails

Major operations ceased in the mid-1980’s

Adjacent concentrator still in operation, adding new tails

Concentrator Adding Tailings

Process Flow Diagram

Kakanda North and South PitsKakanda North and South Pits

Metal Price SensitivityMetal Price Sensitivity

Cu/Co US$/lb $15.00 $25.00 $48.00

$1.50 102.1 218.6 .

$2.00 155.2 271.8 .

$3.00 261.6 378.2 .

$3.80 . . 731.5

Cu/Co US$/lb $15.00 $25.00 $48.00

$1.50 25.4% 47.7% .

$2.00 36.0% 57.0% .

$3.00 55.3% 74.9% .

$3.80 . . 130.2%

Tailings Project NPV @ 20% Discount: (US$ millions)

Tailings Project IRR:

Preliminary Economic AnalysisPreliminary Economic Analysis

Tailings Project 2008 Base Case: (Source MPH 43-101 2006 report)

Metal prices: Copper US$ 2.00/lb Cobalt US$ 15.00/lb

Mining Cost: US$ 30.97/t

5 Year Copper Price(US$/lb)

1 Year Cobalt Sales Price(US$/lb)

http://cobalt.bhpbilliton.com/

Valuation per Share - SensitivityValuation per Share - Sensitivity Potential Cases Potential Cases

Asset Net Present Asset Value

$ Millions (20% Discount)

Simberi Net Interest %

Risk Factor (Political,

Taxes, Royalties)

Risked Net Value

Value ($US) per

Outstanding Shares

(164.2M)

Kakanda Tailings 20%NPV US $ $3.80/$48/ lb

Cu/Co

$731.5 70% 50% $256.0 $1.56

Kakanda Tailings 20%NPV US

$2/$15 / lb Cu/Co

$155.2 51% 50% $39.6 $0.24

Kakanda Tailings 20%NPV US $1.50/$15 / lb

Cu/Co

$102.1 51% 50% $26.3 $0.16

(Kakanda Tailings May 25, 2008 NI 43-101Evaluation. Kakanda hard rock reserves are historical and not included in the valuation.)

Proposed Development TimetableProposed Development Timetable

Metallurgical StudiesOpen pit Exploration

Commence Production

Complete ConstructionCommence construction

Arrange financeMetallurgical studies

Revise Feasibility

Phase 1

(2009- 2010)

Complete feasibility

Phase 2

(2010)

Phase 3

(2010 +)

Australian PropertiesAustralian Properties

Australian ProjectsAustralian Projects

Mt Sarah Gold/Uranium/Copper

Mt. Narlee Gold/Uranium/Copper

Lambina Gold/Uranium/Copper

Merlot Nickel/Copper/Platinum

Olympic Dam Gold/Uranium/Copper

PropertiesProperties

South Australia Mt. Sarah

EL 2007/00129 128 km2

Mt. Narlee EL 2007/00016 822 km2

Lambina EL 3566 471 km2

Western Australia Merlot

EL38/2087 and 38/2088 800 km2

These properties are located in the structurally significant O’Driscoll G2 Corridor within the Gawler Craton. This is the host for the Olympic Dam (copper/uranium/gold) deposit and Teck Cominco’s Carrapateena (copper/gold) deposit and Prominent Hill.

This property is located near and covers part of the sefton lineament which shows extreme tectonic activity with high potential for mineralization.

South Australian PropertiesSouth Australian Properties

Olympic Dam Olympic Dam “world class property”

Owned by BHP Billiton, Olympic Dam is one of the world’s largest mining developments

Located in the Gawler Craton Region of South Australia Published Resources are 7.7 billion tonnes containing

2.2 million tonnes of uranium 67 million tonnes of copper 79 million ounces of gold Olympic Dam globally is the World’s: Largest Uranium Deposit Fourth Largest Copper Deposit Fifth Largest Gold Deposit

“Elephant target for Simberi”

Lambina (Simberi 100%)Lambina (Simberi 100%)

Identified two high potential geophysical anomalies: Anomaly LB-02

Peak reading of 4 mGal. Shallow, near surface in part. 6 km long and about 1 km wide and it is interpreted to be

more than 2.5 km thick Anomaly LB-03

Peak reading of 6 mGal. Shallow, interpreted depth is less than 200 metres. 5 km long and 1.5 km wide with a thickness of about 5.5 km.

Aboriginal Work Clearance Survey Completed September 2007, received departmental approval (November 2007), to drill these two

anomalies.

Lambina Option with RaisamaLambina Option with Raisama

Agreed to sell Lambina to Raisama for A$1,000,000 in stock. Raisama is a new corporation preparing a listing on the ASX. Holds a number of high potential Uranium properties including

the Sunday Creek property. Sunday Creek property is adjacent to the Kintyre Uranium

Project that was recently purchased by Cameco and Mitsubishi for US$500 million.

Western Australian government has now lifted the uranium development ban and is encouraging new exploration and development. High prospective properties have become difficult to acquire with rising values.

Lambina Drill TargetsLambina Drill Targets

Lambina Drill Targets

Anomaly LB-02

Anomaly LB-03

Mt. Sarah (Simberi 60%)Mt. Sarah (Simberi 60%)

Joint venture with Caldera Resources and Ellendale Resources

Simberi can earn up to a 60% interest by: Issuing 1,500,000 common shares Spending CDN$1,250,000 on the property over 3 years

Simberi has recently completed Gravity and Magnetic geophysical surveys. The coincident gravity and magnetic anomalies at Mt. Sarah are considered to be of high interest.

An Aboriginal Heritage Survey has been completed and the company can now proceed with detailed geophysical surveys to delineate drill targets.

Mt. Sarah TargetMt. Sarah Target

Drilling is recommended on this anomaly that exhibits coincident gravity and magnetic anomalies that are similar in geophysical response to the class type for iron oxide mineralized bodies (Olympic Dam) within the G-2 corridor.

Mt. Narlee (Simberi 60%)Mt. Narlee (Simberi 60%)

Joint venture with Caldera Resources and Ellendale Resources

Simberi can earn up to a 60% interest by: Issuing 1,500,000 common shares Spending CDN$1,250,000 on the property over 3 years

Mt. Narlee property has a regional gravity anomaly that requires detailed ground follow up and a Magnetic Geophysical Survey. Simberi will be conducting this work in the near future.

An Aboriginal Heritage Survey has been completed and the company can now proceed with detailed geophysical surveys to delineate drill targets.

Mt Narlee TargetsMt Narlee Targets

Future PlansFuture Plans

Mt. Narlee and Mt. Sarah have delineated high potential drill targets:

Further exploration will be considered after results of the drilling by Barrick on the adjacent Mt. Carolina property

Potential for joint venture Potential to merge Mt. Narlee and Mt Sarah properties

into Raisama

Merlot (Simberi 100%)Merlot (Simberi 100%)

Located in the Mt. Margaret mineral field in western Australia and covers part of the Sefton lineament

Contains a number of high potential geophysical anomalies

Petrology indicates a number of ultra-mafic and mafic dykes

Samples indicate the presence of copper nickel and platinum group mineralization

Merlot Geophysical Map

MerlotMerlot

Potential mineralized targets within the Sefton Lineament at Merlot has been delineated by: Aeromagnetic anomalies and shows a very large zone

characterized by linear magnetic features that display a sense of movement.

A detailed structural analysis of the internal and external fabric of the rock units in this environment is required. However, the description of the samples taken from a very preliminary reconnaissance drilling programme that several ‘hybrid’ rock types have been detected in this zone containing numerous glass fragments with appreciable levels of Ni and Cr.

The portion of the Sefton Lineament at Merlot may contain an ultramafic/mafic greenstone sequence similar to the other major lineaments in the region such as the Ida, Keith-Kilkenny, Celia and Laverton Lineaments immediately to the west that are the host for economic mineral deposits.

MerlotMerlot

The Sefton Lineament shows extreme tectonic activity and exceptional potential for mineralization

Total Magnetic Intensity of a portion of the Sefton Lineament

OTHER ASSETSOTHER ASSETS

Simberi has sold other Australian assets: Zanthus: a lignite property

Sold to Blackham Resources for $100,000 in cash and 363,297 shares

Blackham trades on the ASX at $0.07 per share (June 2008 high of $0.50 per share)

Mt Elephant: a precious metal property Sold to Korab for $50,000 cash and 500,000 shares Korab trades on the ASX at $ 0.05per share

(June 2008 high of $0.15 per share)

OutlookOutlook

Kakanda, DRC Complete joint venture documentation Update feasibility; new metallurgical work Drilling to upgrade Hard Rock resources Evaluate development options

Australia Seek Australian joint venture partners Continue exploration on Mt. Sarah and Mt. Narlee Drill high potential targets on Lambina Conduct detailed geochemical and geophysical exploration on

Merlot

Contact

Michael Newbury, CEO and President,

mikenewbury76@aol.com 416-417-7907(cell)

James S. Hershaw, CFO and Vice President,

jshershaw@simberimining.com 416-420-9122 (cell)

416-603-7200 80 Richmond Street West, Suite 1101

Toronto, Ontario, M5H 2A4