Investor Presentaiton

HORIZONTE MINERALS AngloGold Falcao JV • US$4.5 million to earn to 51% Gold Portfolio • Anglo have option to earn to 70% by completion of pre-feasibility • Falcao is a significant gold anomaly - drilling by BHP . 3,000m diamond drill programme completed – multiple positive results, intersections include; 11.1m grading 1.21 g/t Au 1.67m grading 27.70 g/t Au 2012 budget approved - US$1.6 million. AngloGold Santana Strategic JV • . - US$5.3 million three year Strategic Alliance signed with AngloGold who are utilising Horizonte's technical and operational experience in Brazil All new projects defined will be owned 49% by Horizonte and 51% by AngloGold - with option to take projects to pre-feasibility for additional equity position Any gold projects below the minimum size threshold (>2 Moz) will revert back to Horizonte 100% Troy Resources 300 sq km exploration block covering part of Greenstone Belt with historic gold production in world-class Carajás Mineral Province • US$2.8 million exploration investment . US$2 million cash on exercise plus US$30/oz upon production Developing the next major nickel project in Brazil AIM: HZM TSX: HZM 22

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