1. Iron in Cameroon
April 2009

2. Disclaimer
This document may contain certain "forward–looking statements", including, but not limited to, statements concerning current and future drilling programmes, estimation of mineral resources, the continuing development plan, the type of mineralization present and expected results. Information inferred from the interpretation of drilling results may be deemed to be forward looking statement, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Statements and estimates concerning mineral resources may also be deemed to be forward looking statements in that they involve estimates, based on certain assumptions, regarding the mineralization that would be encountered if and when a mineral deposit is actually developed and mined. Forward looking statements are not historical facts, and are subject to a number of risks and uncertainties beyond management’s control. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward–looking statements include, among other things, but without limitation, those set forth in the prospectus of African Aura Resources Ltd. (“African Aura”), and particularly in the section entitled “Risk Factors”.
For more information about the Company’s properties and projects, please refer to the technical report dated 31st October 2007 prepared by Martin Pittuck and Gareth O’Donovan of SRK Consulting (UK) Limited in accordance with the requirements of National Instrument 43–101 Standards of Disclosure for Mineral Projects (“NI 43–101”). This document is available at under African Aura’s public documents.
The technical information contained in this document was compiled by qualified persons under NI 43–101 who have consented to the inclusion of such technical information in the form in which it appears in this document.

3. Introduction Our vision
To be a pre-eminent TSX-V listed West African focussed iron ore developer and pioneering gold explorer in harmony with the communities in which we operate; growing our resources through discovery, merger and acquisition to create value for all current and future stakeholders.

4. Introduction Overview
Focussed on West Africa with a clear vision for growth
Experienced team discovering and building gold mines
Significant iron ore deposit at Nkout
Highly prospective gold portfolio in Cameroon and Liberia
70% owner of Ridgeway Energy (uranium in Cameroon)
BVI incorporated; listed March 08 (TSX-V Tier 1: “AAZ”)
C$6.0m cash on hand; 2009 total budget of C$1.69m

5. Our portfolio Cameroon: 9,500km2 Liberia: 400km2 First mover advantage
Highly prospective licence base

6. Objectives Define 1bn tonne iron resource at Nkout
Define 2 x 1M oz gold resources in Cameroon
Seize value-adding JV/ merger/ acquisition opportunities
Update shareholders of strategy and progress
Build on our reputation for operational excellence

7. Our team David Netherway, Independent Chairman
Mining engineer (30+ years); CEO Shield Resources; former CEO Afcan (Eldorado $115M), former director Equigold (EQI-A), Director of Orezone (OZN-T), KazakhGold (KZG-L), Gold Mines of Algeria (GMA-L)
John Gray, President and CEO
Geologist (18+ years); Homestake, Noranda, Axmin, co-founder Northern Minerals and Basti Resources
Matthew Grainger, Independent Director
Geologist (9+ years); co-founded Altus Strategies & Ariana Resources
Steven Poulton, Independent Director
Founder African Aura; Altus Strategies (CEO), Stellar Diamonds; co-founder Ariana (AAU-L)
Danesh Varma, Independent Director
Accountant (20+ years); CFO Canadian Zinc (CZN-T) and Conquest Resources (CQR-V)
Manuel Lamboley, Independent Director
Investment banker (20+ years); ex-UBS, Williams de Bröe, Kidder Peabody (Geneva)
David Swan, CFO
Accountant (30+ years); A Anderson, Oriel Resources
Mark Biddulph, COO
Geologist (14+ years); 11 years as senior geologist and senior mine manager with Anglogold Ashanti
Charles Savage (Consultant)
Iron Ore Mining Engineer with 37 years experience
Ian Prince, Drilling Manager
Driller and mechanic (30+ years); with diamond drilling and RC experience throughout west and central Africa
Primus Asua, Financial Controller Cameroon
ACCA qualified accountant (7+ years)
Emanuel Blankson, Financial Controller Liberia
An Associate Member of the Liberia Institute of Certified Public Accounts (20 years experience)
Val Jones, UK Office Manager
Finance and administrative assistant

8. Active Resource Companies in Cameroon
World Bank sponsored mining law
Highly prospective Archaean geology
Deep water Atlantic port planned
Well developed infrastructure
Stable democracy
Active Resource Companies in Cameroon
Company
Commodity
Exchange
African Aura
Gold
TSX-V
Geovic Mining
Cobalt & Nickel
TSX–V
Mega Uranium
Uranium
TSX
Uranex
ASX
Sundance Resources
Iron Ore

9. Iron Deposits in ‘Hinge of Africa’
‘Hinge of Africa’: Cameroon, Gabon, Republic of Congo
4 x 1,000km2 licences , including NKOUT & NGOA

10. Nkout Iron Project - Overview
World class iron ore province : 9 known deposits
Nkout Project (100%):13.5km target up to 65% Fe
Initial target: 500-1,000Mt (JORC/ NI resource)

11. Nkout – Location 300km from deep water 115km west of Mbalam
Haematite and Itabirite
Zero stripping ratio
Discovered by BRGM
NGOA
N K O U T

12. Nkout – Magnetics & Topography
Airborne magnetic dipole coincident with topography
Topography and mapping confirms 13.5km ridge
Access and infrastructure from Djoum town

13. Nkout – Reconnaissance results
Average 54% Fe from grab sampling along 5km section
Mineralogy and processing studies underway
Massive ± banded haematite and breccia ores
[% Fe]
Samples
Main component
53-65 17
Fe2O3
46-64 9
Fe2O3 + FeO (OH)x
36-45 10
SiO2 rich
1-20 8
Rocks
# Nkout Itabirite

14. Nkout – Exploration plan
Phase
Primary Activity
Year
US$ 1 2 3 4 5
1a - Project infrastructure
Scout drilling, GIS creation, access roads, base line, trenching and initial mapping
$1m
1b – First Phase Exploration
Topographic, geological, magnetic surveys, trenching as appropriate and met-testwork
$1.5m
2 – Second Phase Exploration
>5,000m drilling, met/ min testing & geostatistical modelling
$4.5m
3 - Pre Feasibility Study
~ 20,000m drilling, adit development, bulk sampling, initial logistics studies
$9m
4- Bankable Feasibility
Road, rail, port access, site accommodation, services studies
$10-30m
5 - Mine Construction
Machinery, rail head, pelletising plant, stockpiling, ship loading etc.
TBC

15. Nkout – Phase 1a) Exploration (6 mths)
Budget: US$1.0m
30m SRTM ± aerial photos for infrastructure planning
Establish field camp, communications & staffing
Develop 5km access roads, 9km baseline
Commence systematic prospecting
Drill 1,000m of core

16. Nkout – Phase 1b) Exploration (6 mths)
Budget: US$1.5m
Combined geological & magnetometer survey
Establish on-site sample preparation facility
Implement Environmental Permitting
Systematic trenching (5,000m) spaced at m
Exploration licences extended until August 2011

17. Additional targets Nkout West Akonolinga 10km of targets
Mapped as BIF by BRGM
Strong geophysical signature
On planned access to Nkout
Akonolinga
Contiguous with Djoum
Airborne dipole targets
7km of mapped BIF

18. Additional targets Ntem 100% African Aura Multiple BIFs [BRGM]
Mapping underway
50km from the coast

19. Social & Environmental
‘Source locally first’ schemes for staff and supplies
Significant local employment & professional development
IFC guided Social Baseline Studies
IFC guided Environmental Impact Studies

20. Share price since March 08 (IPO)
Share capital
Shareholder
Shares (M) %
Management & Directors
7.87
11.7%
Firebird Global Master Fund II, Limited
4.74
7.0%
Arbitrage Research and Trading limited
4.43
6.6%
RBC Global Precious Metals Fund
3.80
5.6%
GOLD 2000
3.16
4.7%
AM2 (Bermuda) Limited
2.59
3.8%
Atlas Financial International Limited
2.40
3.6%
Sprott Asset Management Inc.
2.22
3.3%
Passport Capital
SALIDA
2.00
3.0%
Pinetree Resources Partnership
1.87
2.8%
GAIA Resources Fund
1.86
Other & private investors
28,20
41.9%
Total (Undiluted)
67.36
100%
Warrants C$0.55
0.93
Warrants C$0.60
10.56
Warrants C$0.80
8.28
Employee Options (average C$0.29)
5.0
Total (Fully Diluted)
92.3
Capitalisation summary
Shares on issue
67.36
Cash on hand (C$)
C$6.0m
Cash per share
C$0.09
Recent Share price
C$0.10
Recent Capitalisation
C$6.70m
Share price since March 08 (IPO)

21. Summary West African focused pioneering explorer
Experienced board and team & strong shareholder base
Major new prospect in prolific iron ore province
Multiple gold projects from four years exploration
First mover strategy creating shareholder value
Well financed

22. Corporate directory Registered Offices:
African Aura Resources Ltd Pasea Estate Road Town Tortola British Virgin Islands Company No:290507
African Aura Resources (UK) Ltd 14 Station Road The Orchard Centre Didcot, Oxfordshire, OX11 7LL United Kingdom Company No:
Principal Bankers:
HSBC Bank
186 Broadway, Didcot
Oxfordshire
OX11 8RP
United Kingdom
Bank of Butterfield
65 Front Street
Hamilton
HM 12, P.O Box HM195
Bermuda
Brokers:
Thomas Weisel Partners 10th Floor 70 York St. Toronto, Ontario M5J 1S9
Canada
Haywood Securities 800 BCE Place 29th Floor, 181 Bay Street
Toronto, Ontario M5J 2T3
Solicitors:
LV Conseil Institutionnels 750, boul. Marcel-Laurin Bureau 106, Saint-Laurent
Quebec, H4M 2M
Registrar & Transfer Agent
Computershare
100 University Avenue, 8th Floor,
Toronto, Ontario M5J 2Y1
Independent Consultants:
SRK Consulting
Windsor Court, 1-3 Windsor Place
Cardiff
CF10 3BX
Auditors:
Deloitte & Touche
5140 Yonge Street
Suite 1700
Toronto, Ontario M2N 6L7