1. 1 Export Development Canada Your Financial Partner February 2009

2. 2 Export Development Canada (EDC) was established in 1944 and has become Canada’s official export credit agency. Our mandate is to support export and foreign investment. EDC is AAA rated by Moody’s and Standard & Poors and is financially self-sustaining. Our services include:  Financing  Accounts Receivable Insurance  Contract Insurance & Bonding  Political Risk Insurance Today, we are open for business in over 175 countries including 153 developing markets EDC Facilitating Canadian Trade

3. 3 The Extractive Industries Team EDC has recently restructured. Six new industry sector teams were introduced, including the Extractive Industries Team Extractive Industries includes:  Mining  Oil & Gas  Pipeline  Base Metal Production  Fertilizers & Petrochemicals

4. 4 2008 Volume - Mining (CAD) Financing $ 915 million Political Risk Insurance$ 565 million Accounts Receivable Insurance $ 12.6 billion Contract Insurance & Bonding $ 135 million TOTAL $ 14.24 billion

5. 5 EDC helps Canadian companies and their Foreign buyers to arrange… Corporate Revolvers Bilateral Facilities Acquisition Facilities Bridge or Term Loans Syndicated Facilities Highly Structured/Project Finance Facilities EDC Financing Services

6. EDC helps Canadian exporters… Offer competitive payment terms to their foreign buyers Arrange working capital and banking facilities Arrange bonds required by their foreign buyers Manage their foreign exchange risks EDC Contract Insurance & Bonding

7. EDC helps Canadian exporters… Offer competitive payment terms to their foreign buyers Arrange working capital and banking facilities to support their foreign contracts EDC Accounts Receivable Insurance

8. 8 EDC Political Risk Insurance EDC helps Canadian companies invest overseas… Assessing Political Risks Underwriting Equity Policies Underwriting Debt Policies Arranging Private Sector Insurance (Lloyds, Sovereign, Zurich, AIG) Arranging Public Sector Insurance (OPIC, ECGD, OND, EFIC, MIGA)

9. 9 Extractive Industries 2007 Mining Transactions MEXICO Silver Wheaton Corp. BRAZIL CVRD Lender ARGENTINA Ternium S.A. BRAZIL Usiminas BRAZIL Kinross Gold Corporation MEXICO Grupo IMSA, S.A. de C.V. Lender RUSSIA SNC-Lavalin Engineer & Constructors Inc. Lender USA Steel Dynamics INDONESIA PT Pamapersada Nusantara CHILE CODELCO

10. 10 Extractive Industries 2008 Mining Transactions CHILE CODELCO Lender PERU Hochschild Mining plc Lender BRAZIL International Commercial Steel Lender MEXICO Industrias Penoles S.A.B. de C.V. Lender MEXICO Grupo Cementos de Chihuahua, S.A.B. de C.V. Lender RUSSIA OJSC MCC Eurochem Lender CHILE Soquimich Comercial SA (SQL) Lender

11. 11 Charles Edgeworth Senior Account Manager Commercial Markets Toronto, Canada Tel: (416) 640-1873 cedgeworth@edc.ca Contacts Kimberley Lok Sector Advisor Extractive Industries Ottawa, Canada Tel: (613) 598-3212 klok@edc.ca