Investor Presentaiton

Namibia: A Premier Mining Jurisdiction STABLE & MINING FRIENDLY Stable democracy, independent judiciary, fairly diverse economy (tourism, mining, fishing & agriculture) Serra Catema Transparent system of mineral & surface title Man Skeleton Political and social support of mining with stated ambitions to develop mineral resources SKELETON COAST PARK ANGOLA OSINO RESOURCES ZAMBIA MUDUMU NATIONAL PARK River Kunene RUACANA KAOKOLAND BWABWATA NATIONAL PARK Susuwa KATIMA MULILO imp isla Island Lodge KI Kavango (Okavango)Riser RUNDU ETOSHA NATIONAL PARK Namutanl MAHANGO NATIONAL PARK SESFONTEIN TSUMEB Okaukuejo KHAUDUM NATIONAL PARK Nxamasen Lodge Lianshule Lodge MAMILI NATIONAL PARK Coast Camp Golosite Cam Naial GROOTFONTEIN Terrace Bay DAMARALAND Etendeks KHORIXAS homa TSUMKWE Mandatea OUTJO N Cape Cross AMIB Vingerklip OT JIWARONGO Truytelfontein WATERBERG NATIONAL PARK OKAVANGO DELTA MAUN Th OMARURU Erange KAHANDJA Twin Hills Gold Project Osino BOTSWANA See pages 84-113 GOBABIS WINDHOEK Eninge KALAHARI DESERT Sesriem Naukluft Mauniain Bagafelle NAROMA DANS MARIENTAL Sossusviel Mata Mata NAMIB NAUKLUFT PARK Namib Rand Reserve KGALAGADI TRANSFRONTIER PARK EXCELLENT INFRASTRUCTURE & LOCATION Excellent physical & social infrastructure Within 20km's of essential utilities: paved roads, national power grid, water supply & well-serviced local towns Vast landscapes & unique cultures WELL-ESTABLISHED MINING INDUSTRY SWAKOPMUND WALVIS BAY Mining is major revenue earner & formal sector employer in Namibia (8% of GDP, 40% of foreign earnings) Significant production of diamonds, gold & uranium DESERT LUDERITZ Current & former in-country mining producers (gold, diamonds, uranium, copper and industrial metals): Sinclair/Dabi AUS KEETMANSHOOP RIETFONTEIN FISH Fish Wir RIVER Lodge CANYON ERUNAU Calon Lodgy Ai-Ais THE SPERRGEBIET Orange River SPRINGBOK Expert Africa 2012 UPINGTON SOUTH AFRICA Dundee QKR NAMIBIA NAVACHAB GOLD MINE GCGN orano CNS Teck Rio Tinto Newmont vedanta AngloAmerican Trevali ANGLOGOLD ASHANTI resources plc B2GOLD NA MDEB PRECIOUS METALS MINING COSECRATION PALADIN ENERGY LTD 4

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