Drilling Services Drilling the LEADING CORING Coring COMPANY…100+ YEARS

BOART LONGYEAR 1

TM TORONTO INVESTOR EVENT

Coring Surface

Drilling

Underground Drilling Services Drilling THE LEADING CORING Coring COMPANY…100+ YEARS

Rods

Bits Products

Tooling

Seismic Coring Other Diamond Wire Instrumentation Surface

Drilling

Underground Hard Materials Drill Stores Drilling Services Drilling

Mining Capital PVC Pipes Coring Equipment

Rods

Diamond Saws Bits

Cushion Cut Products

Tooling

Seismic Coring Other Diamond Wire Instrumentation Surface

Drilling

Underground Hard Materials Drill Stores Drilling Services Drilling

Mining Capital PVC Pipes Coring Equipment

Rods

Diamond Saws Bits

Cushion Cut Products

Tooling

1890 – 2005 2005 

Coring Multi-Purpose RC Rotary Sonic Surface

Drilling

Underground Drilling Services Drilling

Coring

Rods

Bits Products

Tooling

New ERP New Capital System Exploration Organic CAPEX Structure Expansion Drilling 2011 2012 Cost Focus 2010 2009 24 Divestitures 2008

ASX: IPO 2007

9 “Geographic” Acquisitions 2006

Private Equity “Carve Out” 2005

+120 Years

Products & Services 10

TM MISSISSAUGA INVESTOR EVENT

EMEA: Geneva North America: Toronto

Latin America: Santiago Asia Pacific: Adelaide North America Region Latin America Region Asia Pacific Region = Regional HQ Locations EMEA Region 13

• 3535 Employees • 3 Manufacturing Plants • 8 M&E Drilling Services Locations • Underground • Surface Haileybury • Rotary

• 8 Products Sales & 3 Distribution Centers Saskatoon Flin Flon Calgary Val d‟Or • 13 E&I Drilling Services Locations Vancouver Sudbury Fife Bozeman Little Falls North Bay Moncton • Mississauga Regional Head Office Portland SLC Flint Mississauga Elko • Salt Lake City Corporate Office Marietta Northborough USA/Mexico Phoenix York EMEA Upland 21% 22% Wytheville E&I Drilling Services Ocala

Latin America M&E Drilling Services 14% Canada 16% Guadalajara Manufacturing

Asia Pacific Products Sales & Distribution 27% Regional Head Office 14 Corporate Office

Large Coring Diamond Surface UG Coring & Rotary/ Tools Products Coring Percussive Pump (incl. water services) Drilling E&I Tools Capital & Equip Equipment Reverse Geo-Tech Sonic Circulation (E&I) Percussive After Tools Market Services

Revenue by Commodity Revenue By Mine Stage Revenue By Product Category Environmental 19%

Energy Production 1% Non-Mining Exploration Tooling 20% Other 15% 18% Gold Capital 3% 50% Development Equipment Coring Nickel Water Well Production 20% 19% Products 3% 9% 61% Copper 47% 15%

Drill Rigs Key NAM Products Customers

Drill Rods

OVERBURDEN In-Hole-Tools SOIL

WEATHERED ROCK

Drill Bits ROCK

Key NAM Products Competitors

BED ROCK (Up to 3,000m) Percussive Tools

Percussive Rigs

© 2012 Boart Longyear. All rights reserved. North America: Engineering Activities Engineering (Drill Rigs) Engineering and Manufacturing Manufacturing (Wireline, Drill Rods/Rigs) (Diamond Bits) Products 2

Haileybury North Bay Salt Lake City Engineering (Drill Rigs, Drilling Services) Mississauga Engineering ( Percussive, Coring) Manufacturing (Percussive Products)

Exploration Drills

NORTH BAY PICTURE

North Bay

SLC PICTURE Salt Lake City Mississauga

Production Tools

Diamond Bits

Rock Drills

Flin Flon Val d‟Or Vancouver Bozeman Sudbury North Bay SLC Elko Mississauga

York

Distribution Centre

Forward Stocking Location Guadalajara

• Supports Rotary & • Supports Underground & Sonic for Canada Surface Coring for • Supports Rotary, Western Canada Surface Coring and Percussive for USA

Saskatoon • Supports Calgary Underground & Surface Coring for Haileybury Eastern Canada and PDS Salt Lake City Elko • Supports Rotary, Salt Lake City Underground &Surface Coring and Pump and Phoenix Percussive for USA

• Supports • Supports Underground Underground & Guadalajara & Surface Coring for Surface Coring Mexico 20 for USA

Key NAM M&E Customers

Contract Values Ranging in Size from $1M to over $30M 21

Key NAM E&I Customers

Key customers include a wide range of consulting, governmental, and mining concerns. Large client revenue ranges from $1M to $4M per year. 22

HEALTH & PREVENTATIVE CARE: • American & Canadian Cancer Societies – Relay for Life • Toronto Sick Kids Foundation – Heatwave for Sick Kids • Make-A-Wish Foundation • Children’s Hospital Foundation • Utah Food Bank • Utah Employee Walk for the Cure • YMCA Strong Kids Campaign • American Red Cross 23

TM TORONTO INVESTOR EVENT Company confidential – unauthorized use or distribution prohibited Alan Sides – VP, Products © 2010 Boart Longyear. All rights reserved. Drilling in Over 40 Countries, Selling Products In Over 100 Countries

Mali Colombia

Regions Where Boart Longyear Products Are Sold

Manufacturing Facilities 2012 Geographic Expansion

TM Company confidential – unauthorized use or distribution prohibited

BLY Drilling Services BLY Products Third-party Customers

Drilling Companies

Mine Companies

TM Company confidential – unauthorized use or distribution prohibited

Environmental &

Minerals & Energy Rock Drill & Blast Infrastructure

Drilling Drilling Equipment

Drilling Drilling Tools

TM Company confidential – unauthorized use or distribution prohibited

Drilling Rigs

Core Retrieval System Drill Rods & Casing

Core Barrel System Drill Bits & Reamers

TM Company confidential – unauthorized use or distribution prohibited

Rock Drills Drilling Rigs Drill & Blast Drill & Blast Bits, Rods Shanks, Couplings 29

TM Company confidential – unauthorized use or distribution prohibited

GLOBAL PLAYERS (Multiple Product Lines) REGIONAL PLAYERS

GLOBAL PLAYERS (Single Product Line)

TM Company confidential – unauthorized use or distribution prohibited

Industry Leading Drilling Services Products Input

Competitive Advantage

Manufacturing Product Development

TM Company confidential – unauthorized use or distribution prohibited

Surface Roller Latch Surface/Underground LM90DCi

Coring LF120A LF130 Shack & RH LF240 UMX Reamer

LCH35 Head 10UMX Core Lifter

Multi-Purpose / Sonic

UMX Casing Shoe Geo-Tech Bit LX12 LX11 Sonic 600C

RC / Rotary

Cross Over Swivel RC Rods LR500 LR90 Sub

Percussive S250M S36 Upgrade DTH Bits 32

TM Company confidential – unauthorized use or distribution prohibited

Regions Where Boart Longyear Products Are Sold

Products Engineering

Drilling Services Engineering 34

TM Company confidential – unauthorized use or distribution prohibited

48%

89 Issued YTD

60 Issued

210 Filed 3 Issued YTD 173 Filed

10 Issued 80 Filed 17 Issued 51 Filed 23 Filed „07 „08 „09 „10 ‟11

TM Company confidential – unauthorized use or distribution prohibited

Enforcement: • Favorable “Q™” Settlement with Hayden 2011 • Tracking Other Firms for IP Compliance • Letters of Notice Delivered to 50+ Manufacturers • Legal Actions Taken as Required

Patent Highlights: • RQ™ Rod Thread • Stage™ Bit • Roller Latch™ Head Assembly (11 Patents in 1 product) • Ultramatrix™ (UMX™) Diamond Bits

Trademark Highlights: • Boart Longyear Logo • RQ™ Rod Thread / V-Wall™ • Q™ Wireline System • TRUSONIC™ 36

TM Company confidential – unauthorized use or distribution prohibited

Regions Where Boart Longyear Products Are Sold

M&E DC/Products Any Driller…Any Product…Anywhere E&I 37

TM Company confidential – unauthorized use or distribution prohibited

LF™90 RQ / Q Rods In-hole Tools LM™75 RQ / Q Rods

RC Tooling Diamond Bits

LF™70 In-hole Tools Diamond Bits LM™75 RQ / Q Rods LF™90

LX™6

LM™90 Diamond Bits RQ / Q Rods

LF™230

In-hole Tools RC Tooling In-hole Tools 38

TM Company confidential – unauthorized use or distribution prohibited

Regions Where Boart Longyear Products Are Sold Core Competencies: Existing Aftermarket Service Facility Locations - Spare Parts - Drill Overhauls - Component Repairs - Troubleshooting New Aftermarket Service - Commissioning Facility Locations 39

TM Company confidential – unauthorized use or distribution prohibited

Inventory Planning Revenue Collection

Sales Quoting Order Shipping

Sales Ordering Order Fulfillment

One Global Single Instance 40

TM Company confidential – unauthorized use or distribution prohibited

TM TORONTO INVESTOR EVENT

Proper Import Procedures No Improper Payments Visas And Work Permits 43

Canada 248 Rigs EMEA 157 Rigs

USA / Mexico Asia Pacific 322 Rigs 292 Rigs

North America Region Latin America Region Asia Pacific Region EMEA Region Latin America Operation Centers 161 Rigs 44

Diamond Core Drilling Sonic Drilling Rotary Drilling (Surface & Underground) (Surface) (Surface)

Percussive Drilling Reverse Circulation Drilling 45 (Surface & Underground) (Surface)

BLY Rig

Major Open Pit Mines Source: infomine.com / BLY internal data 46

T130 Fuel Truck Winch Light Trucks Truck Booster Loadsafe Mud Tooling System Crane Truck

Water Truck

Backhoe Rod / Casing Truck 47

Drilling Services Competitor Revenues (US $M) Estimated Global Rig Count

(ASX) (TSX) (TSX) (Priv) (NDQ) (Priv) (TSX) (TSX-V) (LON) (ASX) (ASX) (ASX) (TSX) (TSX-V)

1. Revenue figures are for drilling services only as of last available LTM period. 2. Layne revenue is for the wholly owned minerals division only. 48 3. Revenue for Geotec, Geosol, Ausdrill, and AJ Lucas is estimated. 1. Rig counts are exploration rigs only.

TM 1. Rig counts are exploration rigs only.

New Employee “Green Hat” Program EHS Safety Campaigns

Leveraging Strengths Across the Globe

Exploration Site, Zambia

Exploration Site, Australia 50

Sonic Surface Coring Surface Coring

Rotary Reverse Circulation

Surface Coring

Underground Coring

One Service Provider – Multiple Drilling Technologies 51

Greenfield Exploration Mine Infrastructure Active Pit Underground Mine Brownfield

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