A Premier Merchant Bank Focused on Building Resource Companies

1. A Premier Merchant Bank Focused onBuilding Resource Companies

2. Agenda Company Overview Our Business Model Our Delivered Results 2

3. Overview of Forbes & Manhattan 3

4. Overview of Forbes & Manhattan 4

5. What We Bring 5

6. Who We Are Stan Bharti, P.Eng, Founder, Chairman and CEO International financier with 30 years experience in mergers and acquisitions of resource companies George Faught, CA, COO David Argyle, MBA, Agriculture John Begeman, P.Eng, Mining David Gower, P.Geo, Mining Mike Hoffman, P.Eng, Mining Allan Pickett, Agriculture Ahmed Said, P.Eng, Energy Peter Tagliamonte, P.Eng, MBA, Mining Simon Taylor, P.Geo, Agriculture Helio Diniz, Brazil Operations Li Feng, Asian Markets Charles Mostert, African Markets 6

7. Who We Are General Lewis MacKenzie, Canada Served in the Canadian Forces for 36 years; led the UN peacekeeping mission in Sarajevo Hon. Pierre Pettigrew, Canada Served as Canadian Federal Minister of Foreign Affairs General Sir Michael Rose, U.K. Former SAS Commander for the British Army and a highly decorated General General Jay Garner, U.S.A. Served in the U.S. military for 36 years, including command of Air Missile Defense Units in the Gulf War Feneral Ron Hite, U.S.A. Served 33 years in the U.S. military, culminating as Senior Military Advisor to the Army Chief of Staff General Chuck Wald, U.S.A. Air Force, Deputy Commander, European Command including Africa General George Joulwan, U.S.A. U.S. Army, Former Supreme Allied Commander, Europe General Tony Zinni, U.S.A. U.S. Marines, Former Commander in Chief of U.S. Central Command – includes all Middle East Countries General Larry Gillespie, U.S.A. Highly decorated, including Distinguished Flying Cross, Soldier’s Medal and Meritorious Service Medal Peter Boot, South America 25 years in the financial markets; 15 with ING Group in Brazil, Curacao, Venezuela, Paraguay and Bolivia 7

8. The F&M Group At A Glance 8

9. The F&M Group At A Glance 9

10. Agenda Company Overview Our Business Model Our Delivered Results 10

11. Our Business Model 11

12. 1. A Clear Focus 12

13. 2. Disciplined Investment Approach 13

14. 3. Build Assets 14

15. 4. Deliver Excellent Results 15

16. In Summary Extensive International Network Political leaders, industry experts, strong technical and developmental team, financial experts, high net-worth individuals and institutional investors Track record of securing Asian and other international financing and off-take agreements Proven Business Model First class team of specialists ? take project from concept to operating success and have done this successfully numerous times – we are asset builders, not stock traders Excellent Results Ability to raise money on large scale and deliver outstanding results 16

17. Select List of Group Companies 17

18. Contact Information 18

19. Agenda Company Overview Our Business Model Our Delivered Results 19

20. Case Study: Desert Sun Mining 20

21. Case Study: Desert Sun Mining 21

22. Case Study: Desert Sun Mining 22

23. Case Study: Consolidated Thompson World Class Iron Ore Project in Quebec Production: Q1 2010 Built from exploration stage in 2005 through development to 2010 production Completed scoping study, 3 feasibility studies, secured off-take and financing with China and have all environmental permits in place Market cap when F&M got involved was $1 million; built to current market cap of nearly $2 billion Have raised approximately CAD$1 billion , including a strategic $240 million investment from Wuhan Iron & Steel Co. (WISCO) 23

24. Case Study: Consolidated Thompson 24

25. Case Study: Consolidated Thompson 25

26. Case Study: First Uranium Focused on the development of its South African uranium and gold mines Forbes & Manhattan cut the deal with Simmers & Jack as a uranium spin-off Seed financed First Uranium at $0.86 per share Initiated and completed a $7 per share IPO on the Toronto Stock Exchange with the assistance of RBC Capital Markets Low-cost, near-term operator 26

27. Case Study: First Uranium 27

28. Case Study: Crocodile Gold New emerging gold producer – Northern Territory, Australia Assets purchased by Forbes & Manhattan out of receivership 4 mines (3 underground, 1 open pit) NI 43-101 compliant reserves and resources of 4.4 million ounces gold 2.5 million tonne per year mill Exploration licenses and mining leases totaling >3,500 km2 Low technical risk (recently producing assets – Nov. 2008, now back in commercial production) Substantial potential to increase reserves and resources Raised over CAD$100 million to date Current Market Capitalization: $200 million 28

29. Case Study: Crocodile Gold 29

30. Case Study: Avion Gold Acquired Tabakoto / Segala mine in Mali, West Africa from Nevsun Resources mid 2008 for USD$20 million – current market cap CAD$192 million Over $150 million in infrastructure spent by Nevsun: brand new mill, accommodations, roads and power facilities all in place Avion, via its expert team, turned around the operation and is in production 2.7 million ounce resource with significant exploration upside Result: current market cap $192 million We can build value in struggling assets where other cannot – our technical team is one of the best in the world 30

31. Case Study: Avion Gold 31

32. Case Study: Avion Gold 32

33. Case Study: Newport Mining New emerging phosphate producer in Brazil Conditional agreement to acquire 2 phosphate projects Both in excellent locations close to infrastructure and in mining friendly jurisdictions Lucenta Project has an initial exploration target of 40-50Mt @ average grade of 10-14% P2O5 Mata de Corda Project has outcropping mineralization with historical rock chip results of up to 23.2% P2O5 Initial land position of 83,362 hectares with additional areas identified Exceptional demand for phosphate – Brazil is a net importer (49%) of phosphate needs Low technical risk – within 150 km of the 3 largest phosphate mines in Brazil Potential to increase reserves and resources 33