Zimtu Roadtrip 2011

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CONNECTING OPPORTUNITY AND YOU Zimtu European Tour 2011 31 st of October 2011 - 7 th of November 2011

Transcript of Zimtu Roadtrip 2011

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CONNECTING

OPPORTUNITYAND YOU

CONNECTING

OPPORTUNITYAND YOU

CONNECTING

OPPORTUNITYAND YOU

Zimtu European Tour 201131st of October 2011 - 7th of November 2011

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Introduction 03

PUBLIC COMPANIES

Commerce Resources Corp. 04

Equitas Resources Corp. 05

Lakeland Resources Inc. 06

Quantum Rare Earth Dev. Corp. 07

Western Potash Corp. 08

Zimtu Capital Corp. 09

SEED INVESTMENTS

Discovery Harbour Res. Corp. 10

Mogul Ventures Ltd. 11

Tamaka Gold Corp. 12

Your Notes 13

Delegates 14

Keynote Speaker 15

TABLE Of CONTENTS

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Zimtu Capital Corp. invests in early stage resource companies and builds them. But what we really do is invest in people. Therefore, we want you to meet the people that we invest in. That’s why we are excited about our trip to Europe and about the opportunity to meet with you, the investors.

Eight days, five cities, three countries. Zimtu Capital Corp. and the group of companies that Zimtu is an investor in, are on the road from October 31st to November 7th, 2011.

We start in Hamburg, Germany on October 31st and move to Switzerland for Zurich on November 1st and Geneva for November 2nd. We then return to Germany and arrive in Munich November 3rd, stay at the Edelmetallmesse November 4th and 5th and then head on to Vienna for November 7th and the final presentation. Together with us are cutting edge keynote speakers: Chris Berry, Ronald Stöferle and Joe Brunner. Plus there are high caliber brokers and stockletter writers with us.

We see this trip as a major networking opportunity for ourselves and for you as investors.

You may wonder why we have included companies that are not even public yet. The simple answer is that we want you to know ahead of time what is going to come. In the resource space there are new trends created all the time. For example: are you aware of the excitement that some graphite ventures have recently sparked in Toronto? Zimtu has just closed it’s first transaction in that space and is confident of doing more there. Clearly there is opportunity there.

New deals are usually incubated in Canada before they are brought to European investors. We think that Europeans should get more exposure to the opportunities that early stage companies provide. And even if you don’t usually invest or cannot invest in seed stock, we still believe that it is valuable to establish and start a relationship. Think about it: Next time around you are going

to meet the same management team now heading a listed company and you will have had the advantage of already knowing them or even being an investor.

Zimtu may itself be considered to be in its early days as a listed company. With only 10 million shares outstanding and a market cap of roughly 8 million dollars we are the first to admit that. But clearly we have proven that we are capable of building companies that are much larger than ourselves - just look at Western Potash or Commerce Resources.

Moreover we want to demonstrate to you that we have evolved considerably since going public two years ago. Have a look at the range and number of transactions and investments that we did in the past 18 months. Zimtu now owns seed stock in companies that are working in coal, potash, gold, rare earths elements and copper. While keeping our financial risk low, we are constantly increasing our holdings by following our model in getting the best possible leverage in new deals.

We are passionate about the companies that we invest in. We want to share that passion with investors, new and existing. We look forward to meeting you.

With Best Regards,Dave HodgePresident of Zimtu Capital Corp.

DAVE HODGEPresident of Zimtu Capital Corp.

CONNECTING OPPORTUNITY AND YOU.

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COMMERCE RESOURCES CORP.FSE:D7H TSXv: CCE

CHRIS GROVE Corp. Communications of Commerce Res. Corp.

Mr. Chris Grove is an experienced communications and marketing professional with several years experience with private and public early stage growth companies in the resource sector. Mr. Grove is currently the Director of Corporate Communica-tions for Commerce Resources Corp. (TSXv:CCE) an exploration and development company with a particular focus on tantalum, niobium and rare metal deposits.

BLUE RIVER PROJECTThe Upper Fir deposit is located in the Kamloops Mining Division of British Columbia, approximately 10 kilometers north of the town of Blue River. The Upper Fir deposit contains an Indicated mineral resource of 36.35 million tonnes containing 195 ppm (gpt) Ta2O5 (tantalum) and 1,700 ppm (gpt) Nb2O5 (niobium) and an Inferred resources of 6.40 million tonnes containing 199 ppm (gpt) Ta2O5 and 1,890 ppm (gpt) Nb2O5. A total of 183 drill holes completed between 2005 and 2009 were used to develop the mineral resource estimate (AMEC, 2011).

ELDOR PROJECTThe Eldor Property is located in northern Quebec approximately 130 km south of the community of Kuujjuaq and 100 km north of Adriana Resources’

Lac Otelnuk Iron Deposit. The property is 100%-owned by Commerce and encompasses 404 claims totalling approximately 19,006 hectares. At the Eldor Property, Commerce’s 2010 exploration program led to the discovery of a significant new rare earth element deposit known as the Ashram Deposit. The Ashram Deposit is a large tonnage rare earth discovery and is ranked as one of the largest rare earth deposits outside of China.

Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is specifically focused on the development of its Upper fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia, and the exploration of the Eldor Rare Earth Project in northern Quebec.

SHARE INfORMATION:TSXv:CCE / FSE: D7H (WKN:A0J2Q3)

Shares Outstanding: 147.8 mio.Options: 11 mio.Shares Fully Diluted: 158.8 mio.52 Week Range: 0.20-1.08 CAD

Market Capitalization: 52 mio. CADCapital and Securities: 14 mio. CAD

*As at October 2011

CORPORATE INfORMATION:Commerce Resources Corp.Suite 1450 – 789 West Pender St.Vancouver, BCCanada V6C 1H2

Tel: +1.604.484.2700Fax: +1.604.681.8240info@commerceresources.comwww.commerceresources.de

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EQUITAS RESOURCES CORP.FSE:T6U1 TSXv: EQT

CORPORATE INfORMATION:Equitas Resources Corp.1450 - 789 W Pender St.,Vancouver, BC,Canada V6C 1H2

Tel: [email protected]

JAY ROBERGE President of Equitas Resources Corp.

Mr. Roberge has served with the Company as an independent director since 2007, and played a key role in turning the Company around with a focus towards the mineral sector and was appointed at the Company’s President during this transition. Mr. Roberge has held several executive manage-ment and board positions with a number of pri-vate and public companies providing strategic consulting, M&A advisory and financing services to early stage companies in energy, resources and tech sector.

The occurrence was originally discover-ed and previously drilled by Falconbridge Ltd. (now Xstrata Plc.) in 1974. Drilling at that time produced several significant intersections including DDH 74-1 with 0.67% Copper and 0.93 g/t gold across 58.83 metres, and DDH 74-4 with 14.94 m of 0.61% copper and 1.92 g/t gold.Activity in the region has produced some notable porphyry projects including: Northgate Minerals Corp’s. (TSX: NGX) Kemess South Mine (the 5th largest mine in BC); Thompson Creek Metals’ (TSXv: TCM) Mount Milligan Project (acquired from Terrane Metals November 2010 for $650M CDN); and Serengeti Resources Inc’s (TSXv: SIR) Kwanika Project (won Serengeti BC’s “Prospector of the Year” award for 2010).

The historical gold and copper grades that were encountered by Falconbridge are up to three times higher then grades reported at the forementioned projects

in the region. These historical drilling results and data provide the Company a warranted basis for further exploration and development.

With the NI 43-101 report completed for the DAY Copper-Gold Porphyry Project, the Company completed a 992 line kilometer aero magnetic survey and ground work that included detailed sampling, mapping, further historical data compilation, and initiated exploratory drilling.

Equitas is in the early stages of the value creation process with the Company’s Day Copper-Gold Porphyry Project. This core asset consists of ~7,100 hectares located to the northwest of Prince George, BC and 50 kms directly south of Northgate Minerals’ Kemess South Mine in the prolific “Toodoggone Region” of BC’s Quesnel Porphyry Belt. Equitas Resources recently closed a $2.26 mio. private placement including a $1.35 million strategic investment from Zijin Mining Group, China’s largest producer of gold and third largest producer of copper.

SHARE INfORMATION:TSXv:EQT / FSE:T6U1 (WKN:A1C7VR)

Shares Outstanding: 51 mio.Warrants: 8.41 mio.Options: 1.98 mio.Shares Fully Diluted: 61,39 mio.52 Week Range: 0.10-0.18 CAD

Market Capitalization: 5.4 mio. CADCapital and Securities: 2 mio. CAD

*As at October 2011

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LAKELAND RESOURCES INC.FSE:6LL TSXv: LK

JONATHAN ARMESPresident of Lakeland Resources Inc.

Mr. Jonathan Armes graduated from the Univer-sity of Guelph in 1993 with a bachelor of applied science degree. He has provided corporate devel-opment and investor relations services to mining exploration companies for over 15 years including Band-Ore Resources Ltd. (now part of Lake Shore Gold Corp.) and Trelawney Mining and Exploration Inc.

CORPORATE INfORMATION:Lakeland Resources Inc.Suite 1450 - 789 West Pender St.Vancouver, BCCanada V6C 1H2

Tel: +1.604.681.1568Fax: +1.604.681.8240info@lakelandresources.comwww.lakelandresources.com

The management team of Lakeland Resources Inc. has extensive experience in Canadian gold exploration. Part of the team was instrumental in the discovery and development of what is now known as The West Timmins Gold Camp. Band-Ore Resources Ltd. made the initial discovery in 1996 and went on to become West Timmins Mining in a merger in 2006. West Timmins was later acquired by Lake Shore Gold in 2009 in a deal valued at C$424 million.

HANNAH PROJECTThe Hannah Property consists of 5 claims (72 units) covering an area of approximately 11.5 km², and is located approximately 75 km west northwest of Hearst, Ontario. The property is easily accessed by several area logging roads. Lakeland has the option to acquire up

to a 70% interest in the property from GTA Resources and Mining Inc.

MIDAS PROJECTThe Midas Gold Property is situated within the Michipicoten Greenstone belt and consists of 10 claims (107 claim units) covering 1,712 hectares approximately 50 km northeast of Wawa Ontario.

Lakeland Resources Inc. is a publicly traded mineral exploration company with a focus on gold exploration in Canada, principally Ontario assets. Lakeland aims to create value through the drill bit and build a successful mineral exploration company by combining technical knowledge, a motivated management team and board, strong and clear messaging and supportive investors.

SHARE INfORMATION:TSXv:LK / FSE:6LL (WKN: A1JLHR)

Shares Outstanding: 19.5 mio.52 Week Range: 0.10-0.25 CAD

Market Capitalization: 1.9 mio. CADCapital and Securities: 0.8 mio. CADManagement and Insiders: 35%

*As at October 2011

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QUANTUM RARE EARTH DEV. CORP.FSE:BR3 TSXv: QRE

PETER DICKIE President of Quantum Rare Earth Dev. Corp.

Mr. Dickie brings over 20 years of business expe-rience with both public and private companies, holding numerous senior management positions. A graduate of both the University of British Co-lumbia, and the University of Victoria (B.C.) his background incudes 4 years in the Securities in-dustry. Currently he sits on the board of several companies in addition to Quantum, in a fiscal and management advisory capacity.

CORPORATE INfORMATION:Quantum Rare Earth Dev. Corp.Suite 1510 - 1050 West Pender St.Vancouver, BCCanada V6E 3S7

Tel: +1.604.568.7365 Fax: [email protected]

Quantum Rare Earth Developments Corp. acquired the Elk Creek Carbonatite, a former Molycorp project on May 4th, 2010. The Elk Creek deposit is one of the largest known carbonatites in North America. The transaction was accomplished through the acquisition of Elk Creek Resources, a private Nebraskan corporation which, through a series of agreements, owns an option to acquire the mineral rights to the project.

ELK CREEK PROJECT Elk Creek is an advanced project due to Molycorp having drilled over 100 holes in the 1970’s and 1980’s. It is considered a “World Class” deposit of Niobium, with a recent 43-101 resource report confirming large tonnage with high grades. The property also hosts significant Rare Earth drilling

results from the summer 2011 drilling campaign. Quantum is also exploring its 2 other projects in Saskatchewan and Australia. Archie Lake, Saskatchewan, is a Rare Earth exploration play with excellent surface results, with sampling of 29.9% TREO. In Australia, Quantum has 2 exploratory Rare Earth projects near Mount Weld.

Quantum Rare Earth Developments Corp. is a resource development company focussed on its premier project in Elk Creek, Nebraska. The Elk Creek project has potential to host one of the most economical Niobium and Rare Earth deposits in the world.

SHARE INfORMATION:TSXv:QRE / FSE:BR3 (WKN:A1CUNC)

Shares Outstanding: 81 mio.Shares Fully Diluted: 104 mio.52 Week Range: 0.14-0.72 CAD

Market Capitalization: 13.3 mio. CADCapital and Securities: 1.5 mio. CAD

*As at October 2011

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WESTERN POTASH CORP.FSE:AHE TSX: WPX

CORPORATE INfORMATION:Western Potash Corp.Suite 1818 - 701 West Georgia StreetVancouver, BC Canada V7Y 1C6

Tel: [email protected]

Saskatchewan has the largest potash industry in the world, accounting for approximately 40% of the world’s trade in potash. The potash reserves in Saskatchewan are massive. By conservative estimates, Saskatchewan could supply world demand at current levels for several hundred years. In order to fund their projects accordingly, Western Potash has raised in excess of 75 million CAD from institutional and retail investors, including the IPO in May 2008.

MILESTONE PROJECT The Milestone property is located approximately 30 km southeast of Regina and 80 km Southeast of Mosaic’s Belle Plaine Mining Lease. The Belle Plaine mine is home to one of the largest producing potash solution mines in the world.The land acquisition program has now successfully secured

over 2,550 acres at the Company’s preferred plant site location. Securing the plant site location is an important aspect of the Milestone feasibility process as the environmental and regulatory approval processes and project schedules are dependent on it. The site is large enough to house all intended plant site facilities for the contemplated life of the mine.

Western Potash Corp is Junior Potash Mining Company focused on building Canada’s most Efficient Potash Solution Mine. After receiving a positive Pre-liminary Economic Assessment at Milestone, Sask. the Company is now proceeding towards the completion of a feasibility Study Process. The Company’s commitment is to develop their Tier 1 Milestone Project potash project in an ecologically sustainable and socially responsible manner.

SHARE INfORMATION:TSX:WPX / FSE:AHE (WKN: A0QZLM)

Shares Outstanding: 160.9 mio.52 Week Range: 0.70-1.55 CAD

Market Capitalization: 162 mio. CAD*As at October 2011

JOHN COSTIGAN VP Corporate Dev. of Western Potash Corp.

John has been the VP of Corporate Development at Western Potash Corp. since 2007. He is a for-mer Vice President of AKP Canada. He brings his particular business acumen to bear on the future and development of Western Potash. This in-cludes over twenty-five years experience in tech-nical sales and marketing to the mining, food, and pulp & paper multinationals. Mr Costigan’s responsibility also included the development and management of supply chains in Thailand, Brazil, Germany as well as North America. Graduating first in his class John holds an Honors degree from Concordia University in Montreal Quebec. Current member of the Canadian Institute of Investor Re-lations.

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Zimtu’s focus is building new resource issuers and investing in early, private, and seed level opportunities. For investee companies Zimtu can provide active participation in management, business experience and guidance, and early-stage risk capital. For our investors Zimtu provides access to a portion of the market not normally available to them.

Zimtu also identifies and acquires mineral properties of merit and connects them with public resource companies. Projects are normally acquired on a 50-50% basis with geological and prospecting partners with proceeds from sales split the same way.

Zimtu has funded or launched several companies including: Commerce Resources Corp., Evolving Gold Corp., and Western Potash Corp. The success

of these companies and Zimtu’s consistent, long-term results has earned unprecedented loyalty among our shareholders and the respect of our partners and peers.

Zimtu currently holds investments in marketable securities, and has cash available for future investments and opportunities.

ZIMTU CAPITAL CORP.FSE:ZCT1 TSXv:ZC

CORPORATE INfORMATION:Zimtu Capital Corp.Suite 1450 – 789 West Pender St.Vancouver, BC Canada V6C 1H2

Tel: +1.604.681.1568Fax: +1.604.681.8240www.twitter.com/ZimtuCapitalwww.facebook.com/[email protected]

Zimtu Capital Corp. is a publicly held investment company that creates, invests in, and grows natural resource companies and provides a unique way for investors to participate in, and profit from, the public company building process.

SHARE INfORMATION:TSXv:ZC / FSE: ZCT1 (WKN:A0RDR9)

Shares Outstanding: 9.9 mio.Shares Fully Diluted: 11.9 mio.52 Week Range: 0.50-2.28 CAD

Market Capitalization: 7.6 mio. CADCapital and Securities: 16.2 mio. CAD

*As at October 2011

SVEN OLSSON Director of Zimtu Capital Corp.

Mr. Olsson is an accomplished professional with over eight years of experience in the resource in-vestment and finance industry. Since 2001, Sven has held the position of Director of Media and Cor-porate Communications for AXINO AG, a European consulting firm specializing in communications for companies in the resource sector. In his role with AXINO AG, Sven has been responsible for investor relations and capital fundraising in Eu-rope for numerous major and micro cap resource-based companies in all phases of development. His network of contacts within the mining and financial communities as well as media extends across Europe and North America.

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DISCOVERY HARBOUR CORP.

CORPORATE INfORMATION:Discovery Harbour Corp.Suite 1818 - 701 W. Georgia St.Vancouver, BCCanada

Tel: [email protected]

Dear Shareholders;

This year Discovery Harbour is pleased to report two significant base and precious metal discoveries at our Wabassi project with our partner, Northern Shield Resources (TSX.V.NRN). We have earned a 51 per cent ownership in Wabassi through funding exploration and discovery activities, and we are in the process of adding substantial value to this project through further exploration during the coming year. We are very positive about the future of base metals demand. On the strength of this project we have completed a NI 43-101 and Discovery Harbour is moving towards an IPO as expeditiously as possible.

Additionally, Discovery Harbour is involved in high-level negotiations for the acquisition of land in Colombia to explore and develop its thermal coal potential. Given the market demand for this commodity and superb relationships with key and influential corporate entities in Colombia, this is a large and exciting opportunity from which Discovery Harbour stands to profit significantly.

Discovery is also supporting the research and acquisition of iron opportunities in North America with the backing of multiple international equity groups. This research has identified and prioritized six quality magnetite projects that collectively contain over eight billion tons of ore. The acquisition process for these has been initiated; once completed, each project will be brought into NI 43-101 compliancy and set for scoping and prefeasibility studies.

We continue to offer value to major companies by accelerating the development of their non-core assets while exceeding the Reputational and HSEC standards they require. We also add value to successful exploration companies by day-lighting the full value of their discoveries. Shareholders will benefit from the realization of increased project valuations reflected in our future listed common stock.

We treat development opportunities with rigor but are flexible with respect to capitalization, thus taking advantage of opportunities to win value through appropriate sales or commodity stream arrangements. We are risk and opportunity focused, maximizing the discounted cash flow returns to both investors and project owners.

I highly regard the experience and reputation of each of Discovery Harbour’s team members. They are widely skilled and well trusted in this industry. As a group, we are charting a course that will fully leverage our experience and alliances.

As you can see, it has been a successful and busy year. Our coming fiscal year promises to bring yet more exciting and interesting developments.

October 5th, 2011

Sincerely,

Ian GrahamPresident Discovery Harbour Resources Inc.

IAN GRAHAM President of Discovery Harbour Corp.

Formerly Chief Geologist (PGG) with Rio Tinto, Ian has been involved with evaluation and pre-devel-opment work on Diavik Diamond Mine (Northwest Territories, Canada), Resolution Copper (Arizona USA), Eagle Nickel (Michigan, USA), Lakeview Nickel Minnesota, USA) and Bunder Diamonds (India). Ian is a director at Commerce Resources and is the former chair of UBC’s Mineral Deposit Research Unit.

LETTER TO THE SHAREHOLDERS.

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CONTACT INfORMATION:John Carlesso CEOMogul Ventures Corp.8 King St East, Suite 107Toronto, Ontario Canada M5C 1B5

[email protected] +1 (416)-309-4326

STEVEN KHANChairman of Mogul Ventures Corp.

Steven Khan, MBA, CFA is currently Chairman, President & Director of Strathmore Minerals Corp.He spent over 20 years in the investment indus-try and held executive positions with regional & national Canadian investment brokerage houses.Since leaving the brokerage business in 2003, his focus has been on corporate development of re-source companies and venture capital financings.He successfully completed major corporate devel-opment initiatives both domestically and interna-tionally, including in Korea and China, and he was a key team member in negotiating Strathmore’s Roca Honda Joint Venture (RHR Resources LLC) with Sumitomo Corp of Japan. Mr. Khan currently sits on the board of a number of private and pub-lic companies involved in various commodities and projects worldwide. Mr. Khan is a Chartered Financial Analyst and was for many years a long-time Fellow of the Canadian Securities Institute.

MOGUL VENTURES LTD.

Dear Shareholders;

We are pleased to report that the first drilling program at the Black Hills coal project is now complete. The 2,370m, 14 hole program was completed with two drill rigs and was overseen by SRK Consulting. SRK monitored the Quality Assurance/ Quality Control protocols as well as drill hole log recording to meet their Independent Qualified Person requirements for the purposes of completing the Technical Report. The Technical Report is expected to include a NI 43-101 compliant Inferred Resource Estimate. Borehole geophysics were also carried out.

SRK will incorporate all pertinent data from the current program and historical work into a Resource Model to complete the Resource Estimate. We expect that this will provide a fundamental underpinning for the value of the company in its upcoming go-public transaction. This may also be an excellent base for future resource expansion and infill definition drilling. Despite volatile financial markets, the fundamental outlook for thermal coal, particularly in Mongolia, remains robust. According to figures from the International Monetary Fund, Mongolian GDP grew by 14.3% in the first half of 2011, making it one of the fastest growing economies in the world. The acceleration of Mongolia’s economic growth, spurred primarily by the very robust minerals sector, continues at a very rapid pace.

We also believe that a recent acquisition in the Mongolian coal space is very relevant to Mogul. Hunnu Coal (ASX: HUN) received an all-cash offer from Banpu Minerals (Singapore), a subsidiary of Banpu Public Company Limited (THAI: BANPU), that values Hunnu at roughly A $443 million.

Hunnu went public last year at A $0.20 per share and its most recent JORC Resource Estimates included 414 Mt of coal. This values Hunnu roughly at A$1.07 per tonne. For a valuation comparison, the financing of Mogul was based on a resource target of 200 Mt in the Russian C1 and C2 categories at a valuation of roughly C $0.10 per tonne. We believe this conservative valuation will provide opportunity for a value increase at the go-public financing round and in the subsequent trading as a public company. The completion of the Technical Report by SRK is one of the primary regulatory requirements for the completion of Mogul’s go-public transaction with Mercari Acquisition Corp., announced earlier this year.

In addition to the coal opportunity, SRK has confirmed the discovery of a copper skarn on the Black Hills property. This clearly adds a very intriguing element of additional potential to our company. Upon receipt of additional sample assay results and further analysis, we will advise on a recommended course of action for this potential base metals portion of the project.

We believe the extended path we have taken will result in a substantial resource value being demonstrated as a fundamental underpinning for the value of the company much sooner than originally anticipated, resulting in that value recognized for the benefit of all shareholders.

October 7th, 2011

Sincerely,

Steven Khan (Chairman)

John Carlesso (CEO)

Jamul Jadamba (President)

LETTER TO THE SHAREHOLDERS.

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CORPORATE INfORMATION:Tamaka Gold Corp.390 Bay Street, Suite 1102Toronto, OntarioCanada M5H 1W2

Tel: [email protected]

HOWARD KATZ President of Tamaka Gold Corp.

Mr. Katz joined Tamaka in June 2011. Formerly, he was the head of mining investment banking at a leading national investment dealer. For nearly a decade, Howard financed and provided advisory services to many of the leading junior and inter-mediate mining companies in Canada. Mr. Katz has a proven track record of business execution with a focus on creating value for shareholders.

TAMAKA GOLD CORP.

Dear Shareholders;

The last few months have been a very exciting time for Tamaka, and I am pleased to provide the update on our recent activities.

In what can be described as very challenging market conditions, the company set out to raise $7.5 million in equity this past summer. I am pleased to report we closed on $12.5 million. It was clear to me, that investors share our vision: the Goldlund Project has the potential to become a multi-million ounce bulk tonnage deposit.

In order to realize that vision we have been hard at work. We have made some important additions to our management team, including the appointment of Roger Scammell as Vice President Exploration. Roger is a well regarded veteran in the industry. Roger has quickly expanded our geological team, which now numbers over [20] professional and support staff. Roger’s team will be responsible for the execution of our planned drill program.

We have signed two agreements with our First Nation partners, including an MOU with the Wabigoon Lake Ojibway Nation, and a Negotiation Protocol with the Lac Seul First Nation. These agreements have set up solid foundation from which both Tamaka and our First Nation partners can build a cooperative and mutually beneficial working relationship. I am very pleased to report that members of the First Nation are already working on our project.

We have commenced our planned 75,000 to 100,000 metres of drilling over the next 12 months, and we plan on being in position to begin providing material updates in the early part of the 2012.

To accommodate the planned ramp-up of drilling activities, we are currently building a new core processing facility which will be able to accommodate core from up to six (6) rigs.

As we prepare to enter into the public markets, we have been deepening and strengthening the board of directors. We are creating a board that is independent, focused on maximizing the value of Tamaka, and committed to the success of the company. I am pleased to report the following appointments pending the completion of our planned going public event: Ken Stowe, Lead Director (TBD), formerly President and CEO of Northgate Minerals, Farokh Hakimi, Chair of the Audit Committee, formerly CFO of Inco, and Abraham Drost, formerly President of Sandspring Resources. Each of these individuals brings invaluable experience to the board and will be important members to the team as we advance the company.

It is my belief that the combination of a strong team with strong partners will ultimately realize the large potential of the Goldlund project.

I look forward to keeping you informed of our progress as we advance.

October 19th, 2011

Sincerely,

Howard Katz,President & CEO of Tamaka Gold Corporation

LETTER TO THE SHAREHOLDERS.

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YOUR NOTES:

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Julie Catling began her career in the investment industry when she was recruited by a leading Canadian investment firm. She is the trusted advisor to an international roster of valued high net worth clients and she helps source capital for junior start-ups, primarily in the mining and oil and gas sector. Client service, integrity, results and relationship building have remained the hallmarks of her business approach. Licensed to invest in the US, Julie travels extensively to provide face-to-face service to international and local investors.

Bob Rose has been in the investment business for 44 years, spending his formative years as a floor trader maintaining markets for companies he was involved with such as Magna International and Harris Steel in their infancy. Recently, he has financed numerous junior oil, gas, and mining related companies - occasionally moving into technology. Most of the companies Bob finances are micro cap and he is often the only broker who knows the company, arranges financing, helping them build, maintain a market, and then introduces them to the street.

BOB ROSEPartner, D&D Securities Inc.

JULIE CATLINGAdvisor Macquarie Private Wealth

NETWORKING OPPORTUNITIESOur Delegates from North America

JOE MARTINChairman, Cambridge House International Inc.

Joe Martin is the founding publisher and editor of B.C. Business Magazine. He is also a former editor of Vancouver Magazine and several trade journals, a former publisher of World Investment News, and former president of the American Association of Business Publishers (AABP). The magazine business connected him with hundreds of journalists, newsletter writers, and analysts who would help build the exceptional content foundation for Cambridge House International Inc., which Joe founded in 1995.

C. Vance Loeber has over 30 years of international finance and business experience. He specializes in Resources. Over the past 15 years he has successfully financed, structured and promoted a multitude of Canadian Mining and Exploration Companies. To an International audience with a strong European focus.

VANCE LOEBERPresident of Tydewell Consulting Inc.

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Thom Calandra is founding editor-in-chief and commentator of CBS MarketWatch and FT MarketWatch. Thom is a writer, researcher and investor. He also started Ticker Trax at Canada‘s Stockhouse.com. Thom visits each mine/company he reports on and conducts his own research. The California resident has written for The San Francisco Examiner and Chronicle, The Financial Times, Bloomberg, USA Today and other newspapers, wires and magazines. Thom also is a principal in the San Diego firm Torrey Hills Capital, an investor outreach service and publisher of BabyBulls.com.

With a life-long interest in geopolitics and the financial issues that emerge from these relationships, Chris Berry founded House Mountain Partners in 2010. Berry spent 13 years working across various roles in sales and brokerage on Wall Street before founding House Mountain Partners. He holds an MBA in Finance from Fordham University, and a BA in International Studies from The Virginia Military Institute. Berry is also a member of the Canadian American Business Council.

After graduating from university, Ronald-Peter Stöferle joined Vienna based Erste Group, covering Asian Equities. In addition he started writing reports about gold back in 2006. The upcoming annual gold reports “a shiny outlook” and “in Gold we trust” drew international coverage on CNBC, Bloomberg and the Wall Street Journal. In 2009 he took over coverage for crude oil. Stöferle is a Chartered Market Technician and Certified Financial Technician and manages two goldmining-funds.

Joachim Brunner founded IR-WORLD.com Finanzkommunikation GmbH in 1999. His company publishes a very successful stock exchange newsletter, the “Smallcap-Investor”, and is with its “IRW-Press” news distribution service a leading news agency servicing foreign companies. Since 2002, Joachim Brunner has also been CEO of Portfolio Invest Anlageberatung GmbH, an asset management company based in Salzburg, and fund manager/advisor of a mutual fund and a large investment fund.

THOM CALANDRAChief-Editor, CBS MarketWatch.

JOACHIM BRUNNERCEO, ir-world.com

CHRIS BERRYFounder, House Mountain Partners LLC.

RONALD-PETER STOEfERLEErst Group

KEYNOTE SPEAKERSThe Best from North America and Europe

Page 16: Zimtu Roadtrip 2011

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WE THANK ALL COMPANIESfor participating in our first anual European road trp.

WE THANK ALL OUR PARTNERSfor making this tour a success.