Base and Precious Metals Exploration and Development

Revitalizing the Bathurst Mining Camp in

Fall 2012 2

International Metals Group Dedicated to Resource Development

• Over 200 years combined experience in the mining industry

• Shared Resources, costs and expertise

• Brain bank: technical teams, investor relations, corporate finance, administration, management

• Extensive exploration, development, and fund raising experience 11-Year Case Study of TSX Venture Exchange 3 A Crisis is a Terrible Thing to Waste

• TSX Venture has gone through 7 bear markets of its own (market turndowns of 20% or more) since its inception 11 years ago.

• Average loss (in percentage terms) during a correction (peak-to-trough): 36.25%

• Average duration of a bear market in the TSX Venture: 5.78 months

• Average gain after a correction (trough-to-peak): 98.08%

• Average duration of a bull market in TSX Venture: 11.83 months

• Last rally 27-months, TSX Venture hit: 2,439.83 in March 24th, 2011

a 255% gain just over two years - Pinnacle Digest

Private Placement Term Sheet - October 2012 4

El Nino Ventures (First Tranche Closed $1.39M)

• Up to $3,000,000 Flow Through and non-Flow Through Units

• Non-brokered placement for up to 33,333,333 units

• Non-Flow Through units at a purchase price of $0.09 with a half warrant at $0.15 per share for 18 months

• Flow Through units at a purchase price of $0.10 per unit with a half warrant at $0.16 per share for 18 months

• The proceeds from the private placement will be used to fund the 2012-2013 exploration budget at the Murray Brook base metals project in Bathurst, New Brunswick, and for general working capital Management & Directors 5

Harry Barr Chairman, CEO and Director Jay Oness Chief Operations Officer and Director Robert Guanzon Chief Financial Officer Cori Hansen Corporate Secretary Bill Stone, PhD, MSc, P.Geo. Executive Vice President Ali H. Alizadeh, MSc, MBA, P.Geo. VP Exploration Scott Donaldson, BA, MBA, CMA VP Business Development Linda Holmes Director Gary Moore, MBA, BComm Director Michael Neumann, P.Eng Director

Share Holders* Share Structure Share Performance

Dundee Group 15% Share Price $ 0.090 Management 13% Pinetree 8% Shares Outstanding 73,447,238 Desjardins 5.4% Warrants 19,710,846 Sheridan Group 2.5% Options 1,730,000 Creststreet 2.3% Stone Asset Mgmt 2.0% Treasury 650,000 High Net Worth Individuals 20% Fully Diluted 94,888,084 2,000 Shareholders 31.8% *Approximation Growth in Global Demand 6

• Zinc supply is constrained in the near-term by a depletion of large mines: Brunswick and Perseverance (340,000 T/y - ) Century (500,000 T/y – Australia) Cu Lisheen (170,000 T/y – Ireland) Au Ag Pb

• Zinc Market projected to go into deficit 2014/15 Zn

• Quality mines in top jurisdictions are hard to replace.

• 50% of zinc now used in galvanizing/85% of demand derived from construction, infrastructure and transportation.

• The Murray Brook project has five major metals: zinc, , copper, and lead.

Zinc Demand 7

(image source: www.crugroup.com) “In the second half of this decade, zinc demand will be boosted by a recovery in G7 construction activity, particularly in the USA." Scotia McLeod March 2012

Exploration and Development Projects 8

Murray Brook Polymetallic Project (Zinc, Copper, Silver, Gold and Lead )

Bathurst Option JV (BOJV) (Zinc, Silver, Base Metals)

Kasala Project (Copper, Cobalt)

1. Murray Brook Polymetallic Project - Bathurst , New Brunswick - Development 2. Bathurst Option-Joint Venture (BOJV) – Bathurst, New Brunswick - Exploration 3. Kasala Copper Project, DRC