Investor Presentaiton

HORIZONTE MINERALS Q2 2012 Targeted Milestones 2012 MILESTONES TO BE DELIVERED AT ARAGUAIA Commence phase 2 of metallurgical test work Complete Preliminary Economic Assessment (Wardell-Armstrong UK) to prove economic viability of Araguaia • Pilot plant • Infill resource drill programme Start pre-feasibility study Q4 2012 Complete Environmental Baseline Study H1 2013 Complete Prefeasibility Study Developing the next major nickel project in Brazil AIM: HZM TSX: HZM 19

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