Simba Gold Corp. corporate presentation: January 2012

January 2012 | TSX.V: SGD, Frankfurt: S7G

GOLD IN THE HEART OF AFRICA

TSX.V: SGD | www.simbagoldcorp.com | 2

Forward Looking Statements©2012 Simba Gold Corp. All rights reserved. Unless otherwise noted, “Simba” and all other marks used in this presentation are trademarks of Simba Gold Corp. (the

“Company”). Any reproduction or dissemination of any feature of this presentation, in whole or in part, or any use of this presentation for any unlawful purposes, is

strictly prohibited.

The technical contents of this presentation were reviewed by Allan Armitage, P.Geo and a Qualified Persons as defined by National Instrument 43-101.

The information provided in this presentation is provided solely for general knowledge purposes. This presentation is not intended to be a comprehensive review of

all matters and developments concerning the Company and the Company assumes no responsibility for its completeness, accuracy and currency. Although

information used in this presentation is believed to be accurate as at the date hereof, it may not be accurate when read. The Company does not undertake to update

any of the information provided in this presentation. For current information please refer to the Company's filings on SEDAR (www.sedar.com) or the Company’s

website www.simbagoldcorp.com.

THIS PRESENTATION IS PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND, INCLUDING WARRANTIES OF MERCHANTABILITY,

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TO THE READER’S USE OF THIS PRESENTATION.

This presentation is not to be construed as an offer to sell, or a solicitation of an offer to buy securities of the Company. An offer to sell, or a solicitation of an offer to

buy securities of the Company can only be made by a broker-dealer registered in all jurisdictions in which such an offer is being made and only if such offer is

otherwise made in accordance with all applicable securities laws, regulations, and rules of any kind whatsoever. The information in this presentation is not intended in

any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction applicable to

the Company. No securities commission has in any way passed on any of the information contained in this presentation. This presentation contains certain statements

that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve

potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-

looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes",

"intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information

inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it

constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed

in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ

materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements

include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business

conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from

those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on

the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs,

estimates or opinions, or other factors, should change.


Simba Gold Corp. – Gold in the Heart of Africa• Gold exploration company exploring quality assets in Rwanda, Africa

• In March 2011, Simba completed a Qualifying Transaction to purchase up to

100% of Rogi Mining Limited (“Rogi”) in exchange for up to $ 2.75 MM and

the issuance of up 5.7 MM shares over a period of 5 years(1)

• Principal asset is the Miyove Gold Project which comprises 2,937 hectares

over the largest historic gold-producing area in the country

• Completed a surface exploration program in December including detailed

mapping, sampling and a geophysical survey to define further drill targets;

results pending(2)

• Management team with several years of in-country experience

• Well funded: completed a $6.04 MM private placement

March 2011(1)


Board of DirectorsJohn Anderson, Chairman• Founder of Aquastone Capital Partners, NYC based investment and gold fund; over 19 years experience in

financial consulting, corporate development and real estate asset management

Werner Ullmann, President, CEO & Director• 10 years experience in the commodity sector, former analyst and fund manager of the Gold & Resources Equity

Fund at DJE Kapital AG

Simon Anderson, CFO & Director• 25 years of extensive experience in fnancial accounting, corporate finance and mergers and acquisitions

Igor Vishnevskiy, Director• Previously Head of the Moscow Representative at Glencore International AG, one of the world’s largest suppliers

of commodities and raw materials to consumers (1997 – 2003)

Allan Armitage, Director & Qualified Person• Geologist with over 20 years experience; currently a senior geologist with GeoVector Management Inc. which

provides resource evaluation, estimation and project management


ManagementWerner Ullmann, President, CEO & Director• 10 years experience in the commodity sector, former analyst and fund manager of the Gold & Resources Equity

Fund at DJE Kapital AG

Simon Anderson, CFO & Director• 25 years of extensive experience in fnancial accounting, corporate finance and mergers and acquisitions

Bijay Singh, VP Corporate Development• Has worked with public and private companies for over 10 years providing services in corporate finance, product

and business development corporate negotiations and public relations

Tom Kennedy, Corporate Secretary• currently is a director and/or officer of several publicly listed companies and has, since January 1991, been

providing legal, management and financial services these companies


Share Structure(as at December 5, 2011)

Market Capitalization $4.2 MM

(at $0.12)

Shares Outstanding(1) 34,790,729

Warrants 12,697,648

Options 730,000

Fully Diluted 48,218,377

(1) In addition, 4,750,000 shares are reserved to complete the acquisition of Rogi Mining Limited


Qualifying Transaction with RogiMarch 2011 – Simba completed its QT to purchase 100% of Rogi’s shares in exchange

for up to US$2.75 MM and up to 5.7 MM shares over 5 years(1)

Date Cash (US$) Issuer Shares Interest

Earned

Cumulative

Interest Earned

March 10, 2011 $156,250 950,000 12% 12%

March 10, 2012 $312,500 950,000 14% 26%

March 10, 2013 $312,500 950,000 14% 40%

March 10, 2014 $343,750 950,000 15% 55%

March 10, 2015 $1,625,000 1,900,000 45% 100%

TOTAL $2,750,000 5,700,000 100%


Mining in Rwanda• Part of the Great Lakes Mineral Province, which includes the greenstone-hosted gold

deposits in Tanzania and north-eastern DRC and the vein-hosted gold deposits in

Rwanda, south-western Uganda, the DRC, and Burundi(3)

• 2010: natural resources were 14.9% of total exports (USD $67.8 MM)(4)

• Major minerals exported include: tin ore, tantalum, tungsten

• The country is relatively unexplored in terms of gold but high levels of the precious

metal have been found in the Gicumbi and Nyamasheke districts(5)

• 2004: the new Mining Law was adopted and the industry was privatised(5)

� Increased foreign investment

� Increased productivity

� Government supported integration of the country’s artisanal and small-scale

miners into the formal sector


Simba in Rwanda


Miyove Gold Project• Location: Northern Rwanda, 65 km from the

capital city of Kigali

• Area: 2,937 hectares

• Ownership: Simba Gold Corp. owns 12% of Rogi

Mining Limited (“Rogi”) and has an option to

purchase up to 100% over five years; Rogi, a

private company owns the Miyove Gold

Project(1)

• Established infrastructure with road, water and

commercial power access

Miyove Gold Property


Miyove Gold Project• Located on the Kibara Belt which extends in a

north easterly direction from the eastern part

of the Democratic Republic of Congo (DRC)

through Rwanda, to the southern portion of

Uganda

• 3 mineralized zones on a northwest-southeast

mineralized trend extending 6 kms

• The gold deposit type being targeted on the

Miyove Project is similar to the Twangiza Gold

Mine (Banro Corporation) in South Kivu

province, DRC which is also hosted in the

Kibara belt(2)

Mineralized Vein Structure on Miyove Project


Twangiza - Namoya Gold Belt


Neighbouring Gold Deposits

• Transafrika Resources’ Byumba Deposit is located approximately 35 km east of

Miyove:

� Inferred resource: 256,000 oz gold(3)

� Mineralization is open at depth and along strike

� Transafrika recently acquired by Desert Gold Ventures Inc. (TSX.V: DAU)(10)

• Banro Corporation has 4 gold properties in the DRC covering the major historical

producing areas along the Twanziga - Namoya Gold Belt:

� Twanziga and Kamituga Mines: 6.9 MM oz gold

� Lugushwa Mine: 2.7 MM oz gold

� Namoya Mine: 1.5 MM oz gold

� Historical reports of approximately 2.4 MM ounces of gold produced(6)

• Gold mineralization discovered to date on the belt occurs along well defined

ridges with excellent potential for the development of open pit reserves


Historical Work on the Miyove Project

• The property covers 3 historical mine sites comprising the largest gold producing area

in Rwanda

• Located approximately 200 km northeast of the Twanziga - Namoya Gold Belt with

reports of approximately 2.4 MM ozs historic gold production(6)

• Historic production by artesian miners estimated to be approximately 2.5 to 4 metric

tons of gold (80,400 to 128,600 ozs) in the 1930’s and 1940’s(7)

• 1930s: gold discovered and mined by the Minetein Company

• 1984-85: a Belgian company conducted prospecting, geochemical surveys, trenching

and pitting, and underground development


Historical Work on the Miyove Project (cont’d)• 1986-1988: UN completed exploration programs and limited diamond drilling

• 2,258 m in 16 holes directed at 3 mineralized zones

• Best intersection: hole MK-03 from 88.0 to 94.0 m averaged 24.93 g/t Au over 6.0 m

• 2006-09: work completed by Rogi Mining:(7)

• Geological mapping, trenching, sampling

Trench dug for sampling programs


2011 Work Program

• 2300 m drilled to date focusing primarily on the Karenda zone; highlights include:(8)

� Hole MY-11-02: 24.69 m averaging 0.61 g/t gold, including 7.54 m averaging 1.12

g/t gold

� Hole MY-11-05: 5.58 m averaging 1.21 g/t gold, including 2.57 m averaging 2.15

g/t gold

• Surface exploration program completed in December; results pending(2)

• Ground magnetic survey: 100 line km completed

• Sampling: 1243 soil samples & 134 rock samples collected

• Geological mapping: entire property mapped in detail

• The results will provide sufficient information for designing a drill program, to

commence in 2012


Simba’s Additional Properties

• Southern Province – gold exploration

� Ntendezi and Nyungwe National Park

� Located in the Rusizi and Nyamasheke districts

� Comprises 2098 hectares

• Eastern Province – nickel exploration

� Located in the Kirehe district

� Comprises 400 hectares

• No work currently being done on the above projects but that is subject to change


Investment Highlights

� Flagship project is the Miyove Gold Project, located in the largest historic gold-

producing area in Rwanda

� Established infrastructure on the property with excellent road access, water and

power access

� Well-funded company: completed a $6.04 MM private placement

(March 2011)

� Government of Rwanda is extremely supportive of the mining industry

� Qualified management team with several years of in-country experience

� Commitment to community relations


Endnotes

1) Reported in Simba’s March 10, 2011 News Release

2) Reported in Simba’s December 15, 2011 News Release

3) Transafrika Resources website

(http://www.transafrikaresources.com/pe/glm_i.php)

4) Ratio Magazine online (ratio-magazine.com), “Rwanda: More Mining Investments

After Introduction of Mineral Certification”

5) Government of Rwanda, Ministry of Natural Resources, “A Revised Rwandan Mining

Policy”, October 2009

6) Banro Corporation website (http://www.banro.com/s/Properties.asp)

7) Technical Report on the Karende-Murehe Property, June 14, 2010

8) Reported in May 10, 2011 News Release

9) Reported in Transafrika’s June 21, 2011 News Release

1750 - 1111 West Georgia Street

Vancouver, BC V6E 4M3

Tel: 604-568-3724

Fax: 604-628-5001

Email: [email protected]

www.simbagoldcorp.com

Simba Gold Corp. corporate presentation: January 2012

Investor Relations

Transcript of Simba Gold Corp. corporate presentation: January 2012