Investor Presentaiton

HORIZONTE MINERALS Why Horizonte? World class Araguaia nickel project located in producing nickel district - Indicated Resource 39.3 Mt grading 1.39% Ni; Inferred Resource 60.9 Mt grading 1.20% Ni (project in upper quartile in terms of global peer group) Proven process route – deposit amenable for ferronickel production 24Mt high grade core >1.6% Ni with potential to expand Multiple development milestones at Araguaia in 2012 Full support of major mining partners (Teck Resources and AngloGold Ashanti) downstream funding with technical support - potential Second year of funding secured with AngloGold Ashanti for second phase drilling on the Falcao gold project Undervalued compared to other nickel investment opportunities on the market Developing the next major nickel project in Brazil AIM: HZM TSX: HZM 24

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