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Presentation on theme: "Summary of company activities April 2011. 2 THE CONTENT OF THIS PROMOTION HAS NOT BEEN APPROVED BY AN AUTHORISED PERSON WITHIN THE MEANING OF THE FINANCIAL."— Presentation transcript:

1 Summary of company activities April 2011

2 2 THE CONTENT OF THIS PROMOTION HAS NOT BEEN APPROVED BY AN AUTHORISED PERSON WITHIN THE MEANING OF THE FINANCIAL SERVICES AND MARKETS ACT RELIANCE ON THIS PROMOTION FOR THE PURPOSE OF ENGAGING IN ANY INVESTMENT ACTIVITY MAY EXPOSE AN INDIVIDUAL TO A SIGNIFICANT RISK OF LOSING ALL OF THE PROPERTY OR OTHER ASSETS INVESTED. These presentation slides (the Slides) have been prepared by Taurus Gold Limited (Taurus or the Company) in relation to the proposed fundraising. These Slides do not comprise an admission document, listing particulars or a prospectus relating to the Company or any subsidiary of the Company, do not constitute an offer or invitation to purchase or subscribe for any securities of the Company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities in the Company. The information contained in the Slides is provided as at the date of this presentation and is subject to amendment, revision and updating in any way without notice or liability to any party. The Slides contain forward-looking statements, which relate, inter alia, to the Companys proposed strategy, plans and objectives. Forward-looking statements include all statements other than historical facts, such as statements regarding projected ore grades, projected ounce volumes, projected unit net cash costs, projected operating cash flows, projected capital expenditures, the impact of gold price changes, the impact of changes in deferred intercompany profits and purchases of the Company. Accuracy of the forward-looking statements depends on assumptions about events that change over time and is thus susceptible to periodic change based on actual experience and new developments. Forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and except to the extent required by applicable regulation the Company accepts no obligation to disseminate any updates or revisions to such forward-looking statements. Potential reserve additions (demonstrated reserves) will not qualify as reserves until sufficient mapping, drilling, sampling, and assaying are completed and until comprehensive engineering studies establish their economic feasibility. Accordingly, no assurance can be given that any potential reserve additions will become recoverable proven or probable reserves. This presentation also contains certain financial measures such as unit net cash costs per ounce of gold cash costs per ton. As required, reconciliations of these measures to amounts reported in future consolidated financial statements or pro forma consolidated financial results will be provided in the supplemental data upon request. This presentation also includes a summary of the various risk factors that you should carefully consider prior to making an investment decision. The contents of this Presentation are confidential and may not be copied, distributed, published or reproduced in whole or in part, or disclosed or distributed by recipients to any other person. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this presentation or on its completeness, accuracy or fairness. By attending this Presentation, you agree to be bound by the restrictions in this disclaimer. Disclaimer

3 3 Contents Corporate Overview Regional orientation – West Africa Asset Overview –Cote DIvoire –Burkina Faso –Mali Conclusion

4 4 Introduction to Taurus Gold Limited Taurus is a private West African focused gold exploration company, with 18 licenses covering 5,781 km² across Cote dIvoire, Burkina Faso and Mali Created through a merger of ENRCs West African gold licences and those of a Tau Capital controlled SPV in the region Immediate focus is a brownfield project, Afema, targeting a JoRC/ Resource within 12 months, while concurrently developing other projects in the region Mapping and geophysics completed on licenses in Burkina Faso and Mali, generating 23 greenfield drill target anomalies

5 5 Ownership and Capital Structure Subject to NDA - not for distribution

6 6 Jonathan Schneider (Executive Chairman) Co-founder and Managing Partner of Novator Credit Opportunities Fund Co-founder of AFS Limited, a pan Africa Micro-Lender Previously a Director of hedge fund Amaranth Europe LLC Held positions at Promethean Capital LLC, Aqua Online, Merrill Lynch and PriceWaterhouseCoopers over the last 20+ years Currently a member of the Credit Investment Committee of Holland Life Insurance Company and a Non-executive Director of Talon Metals Corp. (TSX: TLO) Gordon Thompson (Chief Executive Officer) Formally COO of AIM listed CAMEC prior to its acquisition by ENRC in 2010 Formally CEO of South Deep Gold Ltd 25+ years experience in the mining industry Michelle Jenkins (Chief Financial Officer) Initially trained and practised as a geologist Qualified as a Chartered Accountant with KPMGs mining group in Johannesburg Extensive experience with exploration and mining companies in Africa Previously financial director of Clarity Capital Directors & Senior Management Chris Pieters (Non-Executive Director) Managing Director and Co-founder of Walcot Capital Formally Chief Commercial Officer of Sunshine Gas Ltd Holds BSc (Geology), BBus and an Honours degree in Petroleum Geology and Geophysics Greg Kinross (Non-Executive Director) Chartered Accountant, having worked at PricewaterhouseCoopers, South Africa and also with experience in private equity and investment banking President of CIC Energy President and CEO of Tau Capital Corp Director of Talon Metals Corp. (TSX: TLO) Beat Ehrensberger (Non-Executive Director) Head of Mergers & Acquisitions at Eurasian Natural Resources Corp. Plc (ENRC) Formally ENRC General Counsel Holds an MA in Law from University of Zurich Admitted to the Bar in Switzerland in 2002

7 7 Experienced Technical Team Technical Committee Dr Phung Nguyen (PhD) Published exploration geologist Specialises in the structural controls of gold mineralisation Credited with the discovery of significant gold deposits and mines Dr Etienne Dinel (PhD) Expertise in Structural Geology, Petrology and Geochemistry of ore deposits Has conducted multiple field mapping projects with various Canadian governmental geological surveys in collaboration with major mining companies Charlie Foster Experienced exploration geologist Involved in numerous gold discoveries Awarded PDAC discovery of the year award in 2008 for his discovery of the Oyu Tolgoi copper gold deposit in Mongolia Technical Consultants and Contractors GWM Consulting Independent competent person managing group exploration Compilation of technical reports Peter Geerdts Consulting structural geologist in Burkina Faso Independent contractors managing drilling activities Independent QA/QC Drilling Contractors and Support Services Scott Drilling (Pty) Ltd Geodrill Ltd Coffey Mining

8 8 Regional Orientation

9 9 Birimian Greenstone Belt >175m ozs of modern discoveries Source GMP Europe

10 10 Birimian Geology Across West Africa CountryBirimian Geology (km²) Gold Resources (Moz) km²/Moz Ghana45, Mali124,000333,758 Guinea27,000122,250 Burkina Faso60,000125,000 Cote dIvoire113,000814,125 Senegal6,00032,000 Source: GMP Europe

11 11 CountryCote dIvoireMaliBurkina FasoGroup Company Rockstone Gold SA Rockstone HL Ltd 1 Taurus Gold Mali SA Taurus Gold Burkina Faso SARL Region AfemaHana LoboBakolobiBanforaDoriOrexExma No of licences Area (km 2 ) Licence Summary 1 Effective 60% interest in unincorporated joint venture, refer to Risk Factors 2 Application for one of the Companys eight Banfora permits is pending 3 Permits currently in the process of being assigned to the Company 4 The Companys rights to the Exma permits are held pursuant to an option agreement

12 12 Cote dIvoire

13 13 Afema Hana Lobo Yamoussoukro Abidjan Cote dIvoire

14 14 Afema – 2 of 3 regional shear zones

15 15 Afema - legacy mining along the Afema sheer Mining undertaken by Eden Roc from producing 125,000oz at Afema Gold Mine Mining activities suspended due to low prevailing gold prices and depleting oxide resources The Afema Gold Mine comprised a series of 15 deposits developed as shallow oxide pits along a 12km strike length Mineralised trend under- explored for underlying structurally continuous gold zones

16 16 Afema - Jonction Mine – Section BB Source: Taurus Gold

17 17 Open Pits Underground Prospects ZoneProbable (ounces) Grade (g/t) Possible (ounces) Grade (g/t)Potential (ounces) Grade (g/t)Total (ounces) Grade (g/t) Jonction130, , , , Aniuri149, , Total280, , , , ZoneProbable (ounces) Grade (g/t) Possible (ounces) Grade (g/t) Potential (ounces) Grade (g/t)Total (ounces) Grade (g/t) Asupiri B29, , , Asupiri Mine 31, , , Adiopan N--30, , Total61, , , Total ounces* = 599,674 Afema - legacy 3 rd party resource estimation* * Legacy 3 rd party resource estimation based on historical resource estimation guidelines, and not currently /JORC compliant. Planned exploration programme in process to enable resource estimation to comply with /JORC guidelines

18 18 Trench results Project PS m strike and has mineralized intersections up to: 10m at 6.29 g/t Au, 6m at g/t Au and 5m at 4.67 g/t Au Project PS m strike and has mineralized intersections up to: 12m at 3.19 g/t Au, 5 at 5.07 g/t Au and 4m at 8.96 g/t Au Project PS m strike and has mineralized intersections up to: 14m at 3.78 g/t Au, 10 m at 4.94 g/t Au and 13 m at 4.56 g/t Au Hana Lobo - 5 prospective targets Source: Taurus Gold

19 19 Hana Lobo - geophysics Source: Sodema

20 20 Cote dIvoire - work programme Afema – focused on converting historic resource to /JORC compliant resource by twinning historic holes and expanding resource – drill rigs secured Hana Lobo – target definition and testing

21 21 Burkina Faso In the recent Fraser Institute Survey of Mining Companies, Burkina Faso was ranked 1 st in Africa in terms of Current Mineral Potential* and 6 th out of 79 countries worldwide The country has also been voted 2 nd best country in Africa to invest in after Botswana Burkina Faso is now one of the most attractive countries for gold mining and exploration in the world. - Producer company with more than US$50M revenue, Manager * assuming current regulations and land use restrictions

22 22 Burkina Faso - Daramandougou, Wou Ne and The Gap

23 23 Wou Ne Source: Taurus Gold Source: Taurus Gold with Quick Bird Imagery

24 24 Wou Ne – artisanal workings Source: Taurus Gold

25 25 Wou Ne – ore zone down dip artisanal stope Source: Taurus Gold

26 26 Daramadougou – artisanal workings Source: Taurus Gold

27 27 Dori Ouagadougou Burkina Faso - Dori

28 28 Dori – detailed magnetic survey Source: Taurus Gold

29 29 Dori Anticline – deep artisanal mine Source: Taurus Gold

30 30 Gaigou Mine Dori – high grade artisanal mine Source: Taurus Gold

31 31 Banfora Ouagadougou Burkina Faso – Banfora Cluster (11 Permits)

32 line km VTEM 8 deep conductive Au targets Banfora Cluster – 11 permits Source: Taurus Gold

33 33 Saprolite Saprock Chloritic schist 7.16g/t 21.15g/t WNWESE Quartz stock work Banfora Cluster – Bokouo aircore Section 21700N Source: Taurus Gold

34 34 Burkina Faso - work programme Investigative drilling underway within the Banfora West licence areas with the aim of determining potential and thereafter initial delineation of resources. Drill targets based on trench results and previous works. Note supergene enrichment of the near-surface can provide highly anomalous trench results with limited continuity at depth. RC follow-up drilling based on achieving acceptable results in earlier DD campaign.

35 35 Mali

36 36 Bakolobi Bamako Bakolobi - Mali In their 2010/2011 survey, the Fraser Institute, ranked Mali 3 rd in Africa in terms of Current Mineral Potential*, and 21 st in the world. * assuming current regulations and land use restrictions

37 37 Source: Geochem Sampling Source: VTem Bakolobi – Kenieba Belt Source: Taurus Gold Source: DNGM (Mali) Archives Source: DNGM Archives Mali Source: Taurus Gold

38 38 5,781 km² of prime Birimian landholding gold workings on most of the licenses +70,000m of recorded drill data Afema targeted for resource geophysics and target generation complete aggressive drill programme planned experienced management with proven mine building track record supportive shareholders positioned to deliver … Conclusion


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