Investor Presentaiton

HORIZONTE MINERALS Barro Alto FeNi - Anglo American (Brazil) Nickel Production in Brazil Onca Puma FeNi - Vale (Brazil) • Resource of 123Mt at 1.50% Production commenced March 2011 Average production of 36,000 tonnes of nickel targeted over 26 year mine life Resource of 83Mt at 1.70% Ni Production commenced May 2011 Annual production capacity of 53,000 tonnes of nickel Developing the next major nickel project in Brazil AIM: HZM TSX: HZM 10

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