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  1. Disclaimer Statements in this document, to the extent not based on historical events, constitute forward-looking statements. Forward-looking statements include, without limitation, statements evaluating market and general economic conditions in the preceding sections, and statements regarding future-oriented costs and expenditures. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date thereof. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties with respect to the company include the effects of general economic conditions, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations, industry supply levels, competitive pricing pressures and misjudgments in the course of preparing forward-looking statements.

  2. Overview “Exploration is the lifeblood of the mining industry with all mining companies increasingly hungry for quality projects.” • Focused on the discovery and development of quality precious and base metal projects in Brazil and Peru • Concentrated on low-cost / high-reward phased exploration for maximum shareholder value • Three advanced projects in established mining districts (100% owned) - El Aguila, Tangara and Falcao – demonstrate potential to host major gold and silver-zinc systems • First Phase drill programmes completed at Tangara and El Aguila – early results indicate potential for large mineral systems

  3. Key Strengths • Established, experienced economic geological management team • Ability to risk manage low cost high reward phase of E&D • Control of district/large-scale targets located in prospective mineral terrains with existing ore deposits – hence increases probability of success • Project and target selection criteria designed to identify potential to host major US$1 billion + in-situ value • Generative programme to increase asset base and provide pipeline of quality exploration projects • Close contacts with mining companies in Brazil& Peru - aim to be a preferred local exploration partner – Troy Resources JV confirms business model • Lack of exploration funding has created an imbalance in supply and demand of mineral projects – Horizonte well positioned to exploit this opportunity

  4. Directors David J. Hall, Msc, Non Executive Chairman 24 years in the exploration sector on projects and mines in over 40 countries. Previous positions include chief geologist for MinorcoSA; consultant geologist for Minorco South America; and exploration manager for AngloGold South America. Jeremy J. Martin, Msc, ASCM, Director and Chief Executive Officer (London/Peru/Brazil) Extensive South American exploration experience for Inca Pacific Resources Inc followed by Central America and Europe. He has been involved in the formation of various AIM listed companies and has completed a number of high value mineral project transactions. Nicholas R. Winer, BSc, Director and Chief Operations Officer (Brazil) 20 years experience in gold, base metals and diamond exploration in South America, Africa and Australia. Previous positions include exploration manager for AngloGold do Brazil Ltda., + exploration manager in Brazil with the exploration division of BHP Limited. Allan M. Walker, MA, Non Executive Director 22 years experience in investment banking, primarily in energy, project finance and private equity, particularly in emerging markets. Previous positions include head of energy finance in London for Standard Bank Plc; director in global energy and project finance group of Credit Suisse First Boston in London; and head of the energy group at CSFB Garantia in Sao Paulo, Brazil.

  5. Senior Management Ian Anthony Bsc (Hons) FCA, Chief Financial Officer Ian qualified as a chartered accountant with Ernst and Young. He then worked at Paribas Capital Markets, Bankers Trust and most recently Deutsche Bank where he was a director of balance sheet management in the treasury department. He now runs a consultancy, IA Consultants Ltd. Titus Haggan PhD, Exploration Manager (Brazil) Titus has over seven years of experience in the exploration sector in Central and South America and has worked on and assessed exploration projects in the Caribbean, Brazil, Peru, Argentina and Chile. Antonio Valério da Silva, Director of HM do Brasil Ltda. (Brazil) Antonio is a Brazilian geologist with over 35 years of minerals industry experience. He worked for five years in the Brazilian Mines Department, followed by 11 years working for consulting companies on projects in the Amazon. He has acted as a consultant to local mining companies and founded his own company Mineracao Vale dos Reis Ltda.

  6. Peru • Peru is the world’s largest silver producer • 50% produced from the Cerro de Pasco district • In 2005 Peru produced 102.6Moz Ag • Cerro de Pasco supports 80% of Peru’s base metal production from 12 large producing mines • Road, rail and process infrastructure in place Cerro de Pasco is one of the World’s Great Mining Districts

  7. El Aguila: Silver-Lead-Zinc • Granted mining licence covering 10km² • Straddles the Cerro de Pasco fault – a principle control on mineralisation for mines in the district • Two initial targets - Pacos Hill and Zona Sur • High grade sulphide veins known from colonial times - mined during the 1970s • Excellent infrastructure in place around the project area

  8. El Aguila - Results Results of June 2006 surface and underground work programme at Pacos Hill • ‘Veta Sur’ returned 6 metres grading 10.7 oz/t Ag, 7.8 % Pb and 5.9 % Zn. (R-6502 & R-6503) • Trench sampling returned 16 metres grading 4.6 oz/t Ag, 2.8% Pb and 0.7% Zn, including 2 metres at 9.1 oz/t Ag, 6.8% Pb and 1.1% Zn • Underground sample returned 1.2 metres grading 13.9 oz/t Ag, 8.8% Pb, 2.2% Zn and 0.46 g/t Au Work defined new geological model, metal grades not only linked to veins but occur as replacement structures giving significant tonnage potential – drill target definition

  9. El Aguila Model

  10. Pacos Hill - Drilling Results October 2006 Horizonte completed 11 diamond holes totalling 1,350 meters, the principle intercepts from this programme are shown below: Weighted Average of US$172/tonne Based on $10/oz Ag; $1500/t Pb; $3000/t Zn; $550/oz Au

  11. North Zone - Targets

  12. Zona Sur - Target

  13. Zona Sur - Target Underground sample of the Veta Vicky which returned 1.1g/t Au, 25.5 oz/t Ag, 0.27% Cu, 11.05% Pb and 2.49% Zn Zone of hydrothermal breccia – Zona Sur

  14. El Aguila - Summary • Initial drill results at Pacos Hill demonstrate high grade Ag-Pb-Zn-(Au)-(Cu) replacement mineralisation similar to the giant Cerro de Pasco Deposit • Four target areas defined to date within the project area. • Grades and widths in line with current producers in the district • High value per tonne rock - +/- 10 g/t Au equivalent • Excellent infrastructure in place around the project area for rapid development • Ready market of major Ag-Pb-Zn producers active in district Potential = High grade silver / zinc deposit

  15. Brazil • Brazil is a leading producer of gold, iron ore, tin, aluminium and shortly copper • Vast under-explored country >8.25 million km² - covering wide range of prospective geological terrains • Presence of major and mid tier mining companies • Established and growing economy with favourable investment climate • Proactive government support with efficient mines department and modern mining legislation

  16. Tangara Gold Project • 300 km2 exploration block covering part of Greenstone Belt with historic gold production in world-class Carajas Mineral Province • High-grade gold lodes: extensive garimpeiro workings and shafts mined demonstrates gold potential • Prospective geology, excellent infrastructure and low environmental sensitivity • Rapid definition of gold targets

  17. Tangara Gold Project

  18. Tangara Drill Plan

  19. Tangara – First Results October 2006 Horizonte drilled 11 reconnaissance holes totalling 1,235 meters over target area of 3 Km2 - the results for the 4 initial holes are shown below: Discovery hole HM DDH-4 include 6.75m @ 9.78 g/t Au

  20. Follow Up - Malvinas

  21. Tangara Summary • 300km2 exploration block in highly prospective area • Delineation of large scale mineralised system • Intersections include – DDH4; 35.13m grading 2.54g/t Au • Five large scale targets within existing Tangara project area • Excellent infrastructure in place around the project area Potential = multiple satellite gold discoveries within 100% controlled greenstone belt.

  22. Project Pipeline Falcao – Cu/Au • Control of 300km² portion of the Inaja Greenstone Belt (IGB) • 6 km long Cu/Au soil anomaly – large scale mineralised system • Previous wide spaced RC drilling by BHP returned multiple gold intersections Discovery potential for bulk tonnage Au+/-Cu deposit Rio Maria – Au • Extension of the Tangara greenstone belt • Multipoint stream and soil Au anomaly Discovery potential for intrusive related gold mineralisation Goias Velho – Au • Control 25km strike length of the Santa Rita Greenstone Belt • Stream sediment anomalies over 8km trend • Au values up to 3.1g/t • High grade Sertao Mine located 18km to the north operated by Troy Resources JV signed with Troy Resources July ‘06 discovery potential for Sertao style Au

  23. 2007 Work Plan Tangara - Au • RC/diamond drilling program to test anomaly surrounding DDH-4 (35m @ 2.5 g/t Au) • Drill test the new Pampeana target. • Follow up on the MA South and East targets. Falcao – Au • Detailed soil grids within BHP anomaly. • Follow up close spaced RC drilling program El Aguila – Ag,Zn • Drill test Zona Sur target area and step out drilling at Pacos Hill New Ni Projects • Advance the new generative Ni projects through to drill definition

  24. Why Invest in Horizonte? • Focused in prospective and stable mining countries • Exposure to gold, silver, zinc and nickel • Fully funded for next 15 months • Resource Statement for El Aguila 2007 – crystallisation of value • Definition of large gold system Tangara – follow-up drilling 2007 • Proven delivery - achieved objectives since listing • Valuation differential since listing

  25. Key Data • Market AIM • Listing range 21p to 34.5p • Ticker HZM • Current Share price 22.05p (21.03.07) • Market Capitalisation £6.78m • Shares in issue 29.51m • Nominated Advisor Davy • Nominated Broker Hichens Harrison

  26. Contacts Jeremy Martin Managing Director Horizonte Minerals plc 22 Grafton Street London W1S 4EX Tel: 020 7495 5446 Mobile: 07748 687 366 Email: j.martin@horizonteminerals.com www.horizonteminerals.com

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