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Golden Valley Mines: Exploring New Opportunities in Sierra Leone

Golden Valley Mines: Exploring New Opportunities in Sierra Leone. Staking, drilling and discovering. GZZ Overview. Continuous grass-roots exploration & generative programs 12 months of the year for precious and base metals

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Golden Valley Mines: Exploring New Opportunities in Sierra Leone

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  1. Golden Valley Mines: Exploring New Opportunities in Sierra Leone Staking, drilling and discovering

  2. GZZ Overview • Continuous grass-roots exploration & generative programs 12 months of the year for precious and base metals • Majority land ownership in over 150 properties, exposure to 3,883 claims and diversified commodities (Au, Cu-Zn, diamonds, Ni-Cu-PGE) • 3 projects consisting of 1,413km2 in Sierra Leone, held through wholly owned subsidiary, Calone Mining Company (SL) Ltd. • JV partners are used to leverage larger projects by providing substantial funding • Only exploration drilling leads to discoveries; GZZ is continuously drilling! Golden Valley « moose pasture »

  3. Business Plan

  4. Tectonics • Geology – Highly Prospective (Guyana Shield); West Africa; located in central part of Archean West African Craton • Under-explored, low-cost/high potential reward proposition; • Favourable Mining Act, updated November 2009; • Recent Success by Competitors (London Mining, African Minerals, Cluff Gold) 4 Source: http://www.agapemeridian.com/Pangaea_continents.png

  5. Location • West African neighbours: • Guinea (north) • Liberia (south) • 6,000,000 population • Approx. size of New Brunswick (Canada) • Mining previously contributed approx. 20% GDP • Mining accounts for approx. 90% of all exports

  6. Sierra Leone • Geology – Highly Prospective (Guyana Shield) • Star of Sierra Leone (969 carats) • Under-explored, low cost / high reward proposition; • Favourable Mining Act; revised November 2009 • Recent Success by Competitors (London Mining, African Minerals, Cluff Gold)

  7. Calone Mining Company (S.L) Ltd. • Calone Mining Company (S.L.) Ltd. is Golden Valley’s wholly owned subsidiary formed in 2009 • Current Projects in Sierra Leone • Three Project Areas consisting of: • Au-VMS (Sula Mountains) • Diamonds (Sewa and Bafi Rivers) • Au-VMS @ Nimini Hills • Uranium potential in broad area

  8. Calone Mining Company (S.L) Ltd. BoD Calone’s Board of Directors Professor Arthur T. Porter (Snr.), M.R.S.L., M.A., Ph.D., D.H.L., D. Litt.; retired SL academic, former Chairman of National Diamond Mining Company Ltd Hon. Dr Arthur T Porter, PC MD; Board member of Air Canada, Munder Funds, Member of Privy Council of Canada; DG/CEO McGill University Health Centre; Chairman of Calone Vincent Kanu, GOOR; Chairman, National Petroleum; former Italian Counsul in Sierra Leone; Director of Access Bank

  9. Calone Mining Company (S.L) Ltd. BoD Calone’s Board of Directors (cont’d) J. David Allen, MA MBA; Managing Director of Calone Mining Company SL Ltd.; international business and trade development for GM, sourcing raw materials Glenn J. Mullan P. Geo. (B.Sc.); geologist/prospector, founder of GZZ and Chairman Emeritus of Canadian Royalties Inc.

  10. Sierra Leone Properties Au-Cu-Zn-Ag Targets Diamond Targets 10 10

  11. Sierra Leone Geology • Abundance of mineral opportunities including iron ore, bauxite, rutile, gold, base metals, and diamonds • GZZ now working in three project areas • Initial focus are PreCambrian greenstone belts and diamonds areas in Kono district 11 11

  12. Sula Mountains (gold) High grade gold, en echelon quartz veins mapped by Sierra Leone Geological Survey (within Calone’s APL’s) 12 12

  13. Sewa / Bafi River Area (diamonds) Bafi River – Kono Area 13 13

  14. Corporate Social Responsibility (CSR) • GZZ/Calone have a Corporate Social Responsibility (“CSR”) policy in place and applies it to all Management, employees and contractors • Actively working with the communities/Chiefdoms in Sierra Leone; early engagement to identify local priorities • Committed to improving the social and living conditions in our work areas: health, education, employment, safety • Governance, ethical business practices, engage host communities, sustainable development principals

  15. Local Cheifdoms Boundary Central Boundary East 15 15

  16. Management & Consultants Management Glenn Mullan – Chairman, President/CEO Annie Karahissarian – CFO Michael Rosatelli – VP Exploration Luciana Zannella – VP Corporate and Legal Affairs; Corporate Secretary GZZ Board of Directors George Cross (retired writer/journalist) Joe Groia (Lawyer, BA, JD) Blair Morton (Chairman/President , Ross Finlay 2000 Inc.) Glenn Mullan (Geologist, B.Sc.) The Hon. Arthur Porter (Medical Physician) Robert Smith (Businessman, B.Sc., MBA) Dr. Jens Zinke (Geophysicist ,BA, B.Sc., MS, PhD) Key Consultants Auditors: Raymond Chabot Grant Thornton Bankers; Royal Bank of Canada Transfer Agent: Computershare Investor Services Legal Counsel (External): Getz Prince Wells & Lavery de Billy Sierra Leone: Mr. Mohamed B Mansaray Berthan MacCaulay jnr – Local Counsel

  17. 2010 Plans and Objectives • Evaluate new opportunities in West Africa (primarily in Sierra Leone; precious and base metals, and industrial minerals opportunities) • Examine distressed opportunities • Generate new precious & base metals projects • Continue to work with local communities to identify CSR priorities (health, education, employment, “e3”) • Maximize shareholder value by using focus assets (Malartic CHL JV, Uranium JV's, Nickel projects and Sierra Leone) to attract "out-of-the-box" financing ideas • Build the Sierra Leone exploration team and expand effort; remote sensing and satellite interpretation; AEM surveys; local mapping and verification of historical mineral occurrences Otish Basin Uranium prospect « Lexam Option », North-Central Québec Winter exploration program Beartooth Island Uranium Project "Ditem Option", Athabasca Basin, Saskatchewan (2008)

  18. Market Data $5.0 million Working Capital $0.26 Price $0.07 - $0.43 52 Week Range $16.6 million Market Capitalization 63.9 million Shares Outstanding 2.0 million Warrants @ $0.70 5.8 million Options Outstanding 141,000 Average Daily Volume 7% Insider Ownership Source: stockhouse.com As at March 4, 2010

  19. Why GZZ? • John Kaiser • “… Perpetual Lottery Ticket …” • Refers to our ongoing Abitibi Exploration Program designed to continuously drill-test promising targets • Lawrence Roulston • “… extraordinary property portfolio … with huge upside potential …” • “… more opportunities for exploration success than any other company …” • Refers to the quality and number of exploration properties in our portfolio (in excess of 140 including a large variety of commodities) Safe Harbour Statement – “All statements other than those of historical fact that are within this presentation or made by the company representatives are "forward-looking statements" that may involve a number of unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.”

  20. Golden Valley Mines Ltd. TSX-V:GZZ For more information contact:: Glenn J Mullan Val-d’Or Head Office 2864, Chemin Sullivan Val-d’Or, Québec J9P 0P8 (819) 824-2808

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