MAGO RESOURCES BOTSWANA

1. 1 MAGO RESOURCES BOTSWANA THE REAL AFRICAN URANIUM COMPANY Presenter: Matiki Chikala

2. 2 MAGO RESOURCES COMPANY OVERVIEW Mago Resources, is a subsidiary of Mago Holdings, incorporated in 1993. This subsidiary was conceptualised in 2000 and incorporated in 2004, a real pan-African company, its main objective is to acquire and develop Uranium mineral resource properties globally. Our current focus is on Africa. The company has acquired prospecting rights on properties in Botswana and South Africa, and has additional applications pending for further prospecting rights in Botswana, South Africa and most recently Zambia. Mago Resources Chairman, Matiki Chikala, is the founding member of Uramin PLC, the Shareholder of Gallahad Gold, IDG Namibia and Chairman of Basali ba Lisedi (Pty) Ltd of Zambia.

3. 3 MORE ON MAGO RESOURCES� Mago Resources is one of the major shareholders in the Botswana Uranium properties. A prospecting license for the Botsalano Ring Complex has been issued and we are expecting the announcement for the award on other properties shortly. Mago Resources is awaiting the outcome of appeals lodged for the award of prospecting licenses for uranium and gold on that part of the Botsalano Ring Complex which occurs over the border (Ramatlabama) in South Africa. As part of the same appeals process, Mago Resources is expecting the awarding of prospecting licenses for several uranium and coal properties situated in the Springbok Flats Coal Basin, in South Africa.

4. 4 MAGO RESOURCES� ASSETS IN SOUTH AFRICA

5. 5 Our Motto If you are SMART in your approach�. S-ustainable /strategic M-arketable A-cceleration /active R-esponsible /relationships/ rewarding T-imely

6. 6 Still on Our Motto�� S-ynergetic /stakeholders /safety I-interested /involvement M-anageable P-Prospectable /principled /powerful L-egal E-nergetic /environmental

7. 7 MAGO RESOURCES BOTSWANA �The self cannot be self without other selves� Who is Mago Resources Botswana? A SMART partnership between: Mago Resources (Pty) LTD (SA) Industrial Development Group (IDG)(SA) Morojwa Industries (Pty) LTD (Batswana) 100% African

8. 8 Mago Botswana-Partners  IDG RESOURCES COMPANY-OVERVIEW IDG Resources is a 100% owned subsidiary of IDG Group, a pan-African company with an active presence in South Africa, Angola, Equatorial Guinea, Namibia, Burundi, Democratic Republic of Congo, Botswana, Congo Brazzaville, Mauritania, Rwanda, Zimbabwe, Zambia, Mozambique and Nigeria IDG is focused on natural resource development, including oil and gas, and mineral resources, and is actively involved in sourcing, developing and managing projects in these sectors across the continent IDG Resources seeks to add value to African investments by creatively providing additional strategic partners and financiers gained through its relationship with South African companies and institutions, including the Industrial Development Corporation of South Africa and Rand Merchant Bank, the latter being a shareholder of the IDG.

9. 9 IDG RESOURCES COMPANY OVERVIEW��.. IDG Resources has been awarded an Iron Ore concession in the Republic of Congo. IDG Resources, together with PetroSA and GE Petrol, owns petroleum Block Q in Equatorial Guinea. IDG Namibia has been awarded oil and gas blocks 2815, 2816 and 2915 in Namibia. IDG awaiting finalisation of the cessions of uranium and coal concessions also in the Springbok Flats Coal Basin of South Africa IDG has also acquired a majority equity stake in the holder of gold, platinum and diamond claims in Zimbabwe

10. 10  More on MAGO Botswana Partners MOROJWA INDUSTRIES (PTY) LTD A Botswana company with a vision to attain and retain economic success in the mining sector through the formation of strategic alliances It is Morojwa�s belief that Africa has enough mineral and financial resources and the necessary human capital to enhance it�s ratio of financial success The above can only be achieved through exploitation of our own resources on own terms, hence our decision to enter into a smart partnership with Mago Resources and IDG to form Mago Resources Botswana. Morojwa Industries embodies the spirit of empowerment not only through employment of citizens, but through active participation as owners of our own mineral resources as Batswana citizens and not as a �front� Morojwa�s stake and the possible acquisition of 15% by the Botswana Government at mining will increase local shareholding and thus extinguish the concerns about foreign domination of the economy in this sector

11. 11 OUR GOALS�� To accelerate the supply and shorten the gap in the growing demand for uranium in the global market To catalyse and participate in the global drive towards cleaner and environmentally-conscious energy alternatives To be a major Pan-African Uranium producer and supplier to the world market To become agents of the changes that we seek in our own societies

12. 12 OUR OBJECTIVES��. To inform and educate exploration and mining concerns, and other stakeholders, of the greater potential for uranium prospecting, mining and processing in emerging players in the uranium industry of Southern Africa countries, such as Botswana To challenge the imbalances of the ownership of our beloved continent�s mineral resources To promote uranium as an economically viable, safe and environmentally friendly alternative which will fuel the ever expanding global growth and energy requirements for all future generations To address the scarcity of skills shortages of uranium geologists by employing the SMART/SIMPLE analysis development programmes. �TRAIN,TRAIN & TRAIN!� by the likes of Dr Brian Hamilton-Jones, Ben Alberts, Vellies Veldsman, Richard Wadley (MSA) etc.

13. 13 GLOBAL URANIUM RESOURCES Demand for Uranium Increasing Increasing Environmental Pressures Concerns on Security of Energy Supply Higher Global Commodity Prices Public Opinion Shifting Renewed Political Interest Technological Improvement

14. 14 SUPPLY AND DEMAND Supply and demand imbalances in the nuclear enrichment industry will continue to support uranium prices Based on current nuclear power programmes and known service life of reactors, demand is assured for the next 20 years Supply shortages will affect the market until 2010 and again from 2014

15. 15 AFRICA�S SHARE OF NUCLEAR POWER Africa is most dependant on coal for power generation, with the lowest usage of nuclear power!

16. 16 URANIUM VS FOSSIL FUEL World reserves of coal will increasingly be used for conversion to liquid fuels Huge environmental problems associated with the increased mining and burning of fossil fuels Difference in heat value of uranium compared with all other fuels is critically important A 1 million kilowatt power station consumes about 3.1 million tonnes of black coal each year, compared with 27 tonnes of uranium Uranium spent through a nuclear reactor is still highly reactive and reprocessed so that about 97% is recycled. Management of this waste is highly manageable Large quantities of the waste generated by burning fossil fuel is released into the atmosphere, producing greenhouse gases.

17. 17 AFRICAN URANIUM RESOURCES African Uranium Resources �000 tonnes South Africa: 340.6 Namibia 282.4 Malawi 8.8 DRC 2.6 Gabon 5.8 Somalia 7.6 CAR n/a Niger 225.5 Algeria 19.5 Botswana TBC

18. 18 DESTINATION: AFRICA Africa holds some of the world�s largest known mineral resource deposits There is greater political stability on the continent at a time of a resurgence in global demand for mineral resources Many African Countries remain unexplored or under-explored, and this presents major opportunities for exploration and mining companies

19. 19 DESTINATION: AFRICA�� The �Scramble for Africa� and its mineral wealth is leading to a growing consciousness for not only government, but also for the involvement of the local community and benefit from the development of these resources Employment, education and skills transfer are key concerns for these communities Beneficiation or some form of value addition, will continue to feature highly on the agenda of policy makers

20. 20 DESTINATION: AFRICA�� There is an ongoing global war for energy security, which often appears politically inspired This has helped propel Africa�s status as a strategic target for investment, holding large coal, oil, gas and uranium deposits Africa holds some 18% of the world�s known recoverable uranium resources Regulations related to the development of this strategic mineral, although tightening, is still favourable for new entrants, compared with the industrialised countries

21. 21 DESTINATION: AFRICA� Costs from the development of these assets, from extraction to production, are significantly lower than on other continents, with the major challenge being infrastructure. Infrastructure is, however, receiving major impetus through finance from donor countries, the World Bank and through direct investments by private companies. Now is the time to be holding the rights to developing the mineral resources of Africa, with the right mix of participation of international investors/finance and local business and community involvement.

22. 22 MAGO RESOURCES� ASSETS IN BOTSWANA

23. 23 BOTSALANO RING COMPLEX The Botsalano Ring Complex (BRC) Prospecting area is situated in the south-eastern corner of Botswana and continues over the international boundary into South Africa. The Gaborone-Kanye igneous terrain hosts a number of inferred �ring structures� and one of these is the BRC, which is approximately 40 kilometres in diameter. U-Au-Cu can be associated with these geological environments. Detailed airborne magnetic surveys, sampling and extensive mapping covering part of the BRC was conducted by the Council for Geosciences

24. 24 STILL ON BOTSALANO RING COMPLEX��. Previous work done in the area indicated that iron concentrations occur in the BRC closely associated with airborne magnetic anomalies. The origin of the iron concentrations may be magnetite-rich lithologies. The following geological features were considered to be favourable for U-Au-Cu mineralization: Brecciated lithologies Iron oxides Extensive hydrothermal alteration of the rocks Veining, structures and shearing Sharp contacts and contrasting/variety lithologies These features have the greatest chance to host the polymetallic mineralization, and are the preliminary targets for further exploration within the BRC.

25. 25 MORE ON THE BOTSALANO RING COMPLEX�.. Prospecting Programme to end December 2007 Compilation of all historical geological, borehole and sampling data presently available that can be obtained from the Geological Survey in Botswana, the Council of Geoscience in Pretoria and other institutes; Evaluation and reinterpretation of existing geological, geophysical and aerial photography information and compare with worldwide geological models; Acquire all airborne and ground geophysical data, the most important being the radiometric data; Construct geological models and potential mineralization; Reconnaissance field visits to target areas (August 2007); Airborne radiometric survey, if not available, for total counts, U, Th, K; Conduct ground spectrometer surveys and geological mapping over airborne anomalies; and Conduct large scale radon detection surveys (such as ROAC, Alpha Track or Track-Etch especially in covered areas). Following the results of the above visits, surveys and analysis results, target areas for further exploration will be identified for further mapping and diamond (Core) drilling.

26. 26 MAGO RESOURCES BOTSWANA COMPANY STRUCTURE Directors Matiki Chikala Swazi Tshabalala Boitumelo Mothibamele Eugenio D�Andrea Dr. Malebo Maponyane Technical Support Dr. Brian Hamilton-Jones Barend (Ben) Alberts Vellies Veldsman Danie Grobler

27. 27 RE A LEBOGA!!