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Shamika Resources Exploration and near term production Company Privileged & Confidential Octobre 2009

Shamika Resources Exploration and near term production Company Privileged & Confidential Octobre 2009. Tantalum – Niobium – Tin - Tungsten. Disclaimer.

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Shamika Resources Exploration and near term production Company Privileged & Confidential Octobre 2009

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  1. Shamika ResourcesExploration and near term production CompanyPrivileged & Confidential Octobre 2009 Tantalum – Niobium – Tin - Tungsten

  2. Disclaimer This presentation contains highly confidential information and was prepared for the sole use and benefit of the recipient in connection with analyzing a potential investment in, or partnership with, Shamika Resources and affiliated entities. This document is not to be considered complete without reference to the accompanying verbal briefing and supporting materials, including a full discussion of risks associated with investing in the metals and minerals markets as well as the Democratic Republic of Congo (and neighbouring countries). The investment opportunities contained herein are suitable only for sophisticated "accredited investors" under the definition of Canadian securities laws and regulations. The authors believe that the information contained in this presentation was accurate and gathered from sources, including geological surveys of Shamika's properties in Africa, believed to be reliable at the time of writing. No representation or warranty is given as to the accuracy of information contained herein. It is further understood that, with specific reference to geological surveys, Shamika intends to continue its exploration program and update information on actual and potential mineral deposits. This document does not constitute an offering of securities. No information contained herein may be copied or disclosed without the express consent of Shamika Resources. Privileged & Confidential

  3. 1. Executive Summary SHAMIKA’s First Mining Property in KKalehe (January, 2007) Kalehe (Cassiterite,Tantalite) Robert Muongo (Gen. Manager) and Robert Vivian (CEO) Privileged & Confidential

  4. Overview • Shamika is a junior exploration company focused on the exploration and near-term production of strategic minerals in the DRC . • Plans to develop world-class ore bodies in high demand specialty metals such as TANTALUM , NIOBIUM, TIN, TUNGSTEN. • Other minerals occurrences include Platinum group elements, Gold and Diamonds. • Initial 43-101 reports indicate high grade mineralization and mining potential. • Accessible projects with infrastructure to support commercial production. • Low capital expenditures required with a potential to reach production quickly. • Experienced, Africa-savvy management team. • Political risk profile substantially better than previous years due to improved political climate. Strong CSR Policy. • IPO or merger (RTO) and acquisition transaction within 9 months. Privileged & Confidential

  5. Overview • Shamika is a mining exploration company focused on the development of mineral properties in Africa. Shamika holds extensive licenses in the Democratic Republic of the Congo (DRC): • Largely in Central Africa’s mineral-rich Kibara fold belt • Accessible by road and water and with nearby power sources • Some properties located near Burundi and Rwanda to facilitate export • Shamika’s licenses: • Negotiated under the DRC’s new mining code • Secure and not under review • Benefit from high-level contacts in the DRC and neighboring countries • Final NI 43-101 reports suggest extensive mineral deposits of specialty industrial metals: • Tantalite (Tantalum): electronic components including capacitors and some high-power resistors • Columbite (Niobium): widely used in stainless steel and other alloys, used in diversified industries • Cassiterite (Tin): coating for lead/zinc/steel to prevent corrosion, glass making, printing • Wolframite (Tungsten): electrodes to light bulbs to electron beam instruments to jet/rocket engines • Strong shareholder base includes MRI Trading, El Oro & Exploration Mining, Kingsdale, Mavrix, CD Capital, Palos and Salida. Privileged & Confidential

  6. 2. Exploration & Production Strategy + NI 43-101 Results Cassiterite Crystal (Idjwi Island) Nyabibwe (Kalimbi Mining Site) Tantalite (Idjwi Island) Privileged & Confidential

  7. Focusing On The World’s Largest New Mining Frontier • Shamika’s properties are located in the Kibara belt, a mineral rich structure spanning Central Africa • “The Kibara belt in Central Africa hosts numerous important deposits of tin, niobium, tantalum and tungsten. These mineral deposits mainly occur in pegmatite and hydrothermal quartz veins.”(Geologica Belgica, Vol. 11 - 2008) • The Kibara belt is well known by geologists for its exceptional gold, diamond, copper, cobalt, platinum, high-grade TANTALUM, NIOBIUM, TIN, and TUNGESTEN ore deposits • The Kibara belt has witnessed massive investment this decade The Kibara belt Privileged & Confidential

  8. Shamika’s Properties • As of Dec 1, 2008 Shamika securely owns 5157 mining blocks. The most promising are: • Kalehe (South Kivu): Tin, tantalum, tungsten and niobium (formerly a producing mine) • Idjwi Island (South Kivu): Tin, tantalum, tungsten and niobium • Punia-Lubutu (Maniema): Tin and tantalum • Manono (Katanga): Tin, tantalum and tungsten • Poko (Province Orientale): Gold, diamonds (artisan mining) • Applications have been made for a further 1410 blocks (for over 1200 km²) • Attributes favourable to development: • Export via neighbouring, stable Rwanda • Goma International Airport nearby • Road links to Goma, Mombassa, Dar Es Salam • 110 KVA hydroelectric power line runs through main property (Kalehe) Privileged & Confidential

  9. Geological Structure Of The Kibara Belt Shamika’s mineral concessions are located in the Kibara Metallogenic Belt. This is an intercontinental mobile belt formed between 1,400 and 900 million years ago. The belt is some 1,500 km long, trending North-South; it is up to 400 km wide. Shamika’s concessions are mainly located across this belt. The characteristics of known mineralization in the region are different in the Kibara belt from those of other Proterozoic belts, as it is composed of typical granophilic elements. Privileged & Confidential

  10. DRC Has Seen Substantial Investment Recent investments in the DRC include: Privileged & Confidential

  11. Preliminary NI 43-101 Results • Since the last financing Shamika has initiated a NI 43-101 compliant evaluation • NI 43-101 results include: • On Kalehe (Kalimbi Hill) – South Kivu: “existing traditional tin mining (Artisanal - 10 tons per week). Occurrence of lead, with copper, zinc and mercury discovered one kilometer NE of adjacent Nyabimbwe village. ‘Traditional’ mining of tantalum and niobium was observed 12 kilometers NE of Nyabimbwe.” • On Idjwi (South Kivu) – Omnipresence of ancient and actual “traditional” mining of tin, tungsten, niobium and tantalum is observed, in recent alluvial sediments as well as in the host rock. Several obviously mineralized samples were taken and are awaiting analysis. “Predominance of tin and tungsten on PR 3637 and ancient niobium and tantalum mining found on PR 8314 and 8189.” • Other possible extension of actual claims from observations made on the premises • Properties holding easily mined (open-pit), accessible high-grade tin mineralization (currently mined by local artisans) • Tantalum mineralization observed to be extremely high grade Privileged & Confidential

  12. 3. The Team Board of Directors SHAMIKA Congolese Team Management Team Privileged & Confidential

  13. Senior Management Robert Vivian, President & CEO. After a successful career as a manager at Montreal Trust (investment, commercial and industrial division) and as an entrepreneur, Mr. Vivian founded Shamika to capitalize on his extensive relationships in the DRC, Rwanda, Burundi and Angola. He has extensive knowledge of, and hands-on experience with, the identification and development of natural resource opportunities in Africa. Anthony Keogh, Secretary and controller. Mr. Keogh is a Chartered Accountant with more than thirty years experience in accounting, financial management and internal auditing in the U.K. He has worked as an accountant at Price Waterhouse in London and Montreal, Standard Life, GE Capital and spent eighteen years at Cemp Investments Ltd., a major private investment company. Jane Qu, Business Development Coordinator for China. Ms. Qu is familiar with senior management of some of China's largest mining companies. Prior to joining Shamika, she was responsible for the sales and marketing of a Chinese pharmaceutical group and brought sales from $300 000 to $70 million and expanded its market throughout China, Japan and North America. Privileged & Confidential

  14. Exploration and Production Team Guy Arbour, P.Eng., Geo., M.Sc. (Geophysics). Mr. Arbour will be supervising the exploration and development of claims and properties. Mr. Arbour brings diversified experience in Mining Exploration. For the past 15 years he has run Securad Inc. while also heading up the continuing education effort of the Canadian Institute of Mining and Metallurgy. Patrick Vualu, Chief Geologist for DRC. Mr. Vualu has a diploma in geology from University of Lubumbashi and has extensive experience in all aspects of mining in the DRC. He served as project manager for De Beers in DRC and was appointed chief department officer for the Ministry of Mine. Mr. Vualu is also president of Général de la Société Mining Consulting and Services, a firm offering geological mapping-structural and lithological mapping, geological logging, analysis and testing of minerals, etc. Environmental and Social Affairs Patrick Martineau , Environmental and Social Affairs. Mr. Martineau has a Master in Political Science from the University of Quebec in Montreal. He did his research work on the governance of the DRC mining activities and the challenges of the columbo-tantalite sector. Mr. Martineau was appointed Co-coordinator on a research project on the social impact of mining investments and Head Researcher for a survey on the columbo-tantalite sector in DRC. Privileged & Confidential

  15. Board Of Directors • Robert Vivian President and CEO • Kikaya Bin Karubi DRC Ambassador in UK • Jacques Bouchard Jr. Partner, Heenan Blaikie • David Crevier Partner, Colby Monet Demers • Ashwath Mehra President, MRI Trading AG • Jean PrécourtCaisse de dépot et placement du Québec • Terence OrtslanMining Engineer and Analyst Privileged & Confidential

  16. Institutional Shareholders • MRI Trading AG • El Oro mining & exploration • Kingsdale Capital Inc. • Mavrix Fund • Palos • EFG Bank • Salida Capital Corp. • CD Capital Privileged & Confidential

  17. 4. Overview Of Key Markets Robert Vivian at the Beijing Mining Show (November, 2007) SHAMIKA introduction at the Tantalum-Niobium International Study Center (TIC) (Brazil, 2007) Robert Vivian at Sinosteel (December, 2007) Privileged & Confidential

  18. Tantalum Key dynamics of the tantalum market: • Limited world reserves – no substitute • Capacitor-grade tantalum powder represents 60% of market demand • Tantalum capacitors are critical to the global electronics industry • Prices are forecasted to increase by as much as 80% next year (Talisman Minerals) Major consuming nations: • China • USA • Japan • Germany Major uses include: • Communications & networking • Computer • Commercial aerospace and defence * Price Sept 09 : 92,400 Privileged & Confidential

  19. Niobium Key dynamics of the niobium market: • Used primarily in steel alloys • Niobium consumption is increasing • Niobium market dominated by Brazil Major consuming nations: • USA • China • Germany Major uses include: • Metallurgical industries • Electronic • Aerospace and Defence *The Chinese government has decided to subsidize the imports of Niobium. (ASX media Announcement, December 2009) * Price Sept 09 : 50,706.3 Privileged & Confidential

  20. Tin Key dynamics of the tin market: • 30K tons production deficit per annum • Global inventories average are less than one week • Tin replacing lead in soldering Major consuming nations: • China • USA • Thailand Major uses include: • Glass industry • Cans and containers • Electrical • Construction • Welding * Price Sept 09 : $7.50 Privileged & Confidential

  21. Tungsten Key dynamics of the tungsten market: • China is the principal producer • Metal marketing company GBRM surveyed the tungsten market in January 2008 and predicted that the availability of tungsten would continue to tighten. Major consuming nations: • USA • China • Germany Major uses include: • Electrical and lighting • Construction and metalworking • Steel alloys for aeronautics * Price Sept 09 : 38,580.9 Privileged & Confidential

  22. Grand Opening of the Nyabibwe Mining Site in Kalehe (January, 2007) 5. Creating Shareholder Value Wolframite (Idjwi) Idjwi Island (Cassiterite, Tantalite, Wolframite) Privileged & Confidential

  23. Strategic Plan To Build Shareholder Value • Shamika will seek to move from exploration to production while continuing to expand its portfolio of exploration properties • Build shareholder value through: • A focus on high-value, scarce specialty metals such as Tantalum, Niobium and Tungsten • An active exploration program to prove out reserves • Moving towards production • Acquiring additional properties in the region • A focus on risk mitigation through: • Continued strong government relations efforts in the DRC • Leveraging relationships in neighboring countries • Pursuing exemplary Corporate Social Responsibility policy • Pursuing joint ventures with Chinese companies to build Shamika’s importance as a supplier • Preparing Shamika for an IPO or RTO in Q1-2010 and positioning Shamika as a strong acquisition candidate for global majors Privileged & Confidential

  24. Shamika Seeks To Align Itself With DRC Objectives Strong Corporate Social Responsibility (CSR) policy designed to meet ethical and government relations objectives • Involve all stakeholders (local, central government) in mining projects • Operate a sustainable development policy • Respecting human rights and supporting human rights initiatives • Contribute to building the DRC’s capabilities as a state • Ensure transparency • A dedicated social policy staff • A focused environmental program • A human rights task force • SHAMIKA Resources Foundation will • Prevent the use of children as soldiers and abuse towards women • Provide communities in remote regions with basic healthcare • Contribute to local infrastructure • Offer scholarships Privileged & Confidential

  25. 6. Summary Robert Vivian and Jane Qu at the China Mining Show (November, 2007) Bridge put up by SHAMIKA in Kalehe (January, 2008) SHAMIKA at the International Women's Day in Goma (March, 2007) Privileged & Confidential

  26. Summary • Shamika is a mining exploration company focused on the development of mineral properties in the DRC. • Plans to develop world-class ore bodies in high demand specialty metals such as tin, tantalum, tungsten and niobium • Final 43-101 reports indicates high grade mineralization and mining potential • Accessible projects with infrastructure to support commercial production • Low capital expenditures required with a potential to reach production quickly • Experienced, Africa-savvy management team • Political risk profile substantially better than other DRC mining companies due to solidity of licenses, political relations • IPO or RTO, merger & acquisition transaction for Q1-2010. Privileged & Confidential

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