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HORIZONTE MINERALS Portfolio Nickel Assets Araguaia Nickel Project Consolidation of major nickel province with Teck Resources development - plan through to Feasibility Tangara. Falcao • Araguaia Santana Gold Assets Santana Exploration alliance JV Anglo Gold 2009 (US$5.3m expenditure) Falcao JV Anglo Gold 2010 (US$4.5m expenditure) Tangara Gold Project JV Troy Resources - Dec 2007 (US$2.8m expenditure) “Multi commodity portfolio with strong strategic partner backing" Developing the next major nickel project in Brazil AIM: HZM TSX: HZM 6

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