0. Advancing African Projects
September 11, 2008

1. Disclaimer
Except for historical information, this presentation contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions, and other risks detailed from time-to-time in the Company's ongoing filings. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this presentation might not occur.

2. MagIndustries – AGM 2007 Kouilou Potash Project (ROC)
Forest Products (Eucalyptus)
(ROC)
Hydroelectric Developments
(DRC)
Magnesium Alloys
(ROC)

3. MagIndustries at a Glance
Developing major industrial projects in
Republic of Congo (ROC)
Democratic Republic of Congo (DRC)
Achievements are driving shareholder value
Canadian-based:
TSX-V: MAA, market cap ~C$600M
4% owned by management, directors
~75% institutional including Fidelity, Ospraie, Enso, Blakeney, L-R Global

4. Track Record Demonstrates Competencies
Recent Milestones
Secured MagMinerals mining license
Successfully raised capital: US$240M (last 12 months, at the parent and subsidiary level)
Successful forestry operations and chip mill start-up
Advancing decisions with global brand name partners
E+PC; BNP Paribas; Ameropa AG; EIB; IDC
Mitsui; Forestales

5. Agenda
The Projects
The Future

6. Exceptional Returns Potash for the world
The MagIndustries story is about… Exciting Resource Projects in Central Africa
Exceptional Returns
Potash for the world
First new entrant to potash industry
with unmatched competitive advantages

7. MagMinerals Significant Progress in Advancing Project
Measured, Indicated and Inferred Resource
1 Billion tons
Total years of production
> 100
Planned production (tpy) Phase I (2011)
600,000
Planned production (tpy) Phase II (2013)
1,200,000
Final SNC Lavalin feasibility report
Feb 2008
Capital raised in MagMinerals (pvt.pl.) April 2008
US$100M
Willy Verbrugghe appointed as MagMinerals CEO
May 2008

8. Kouilou Potash Project
Key characteristics of planned mine
600,000 tonne annual capacity; est. cap cost US$723M
Production costs projected to be in the bottom quartile
Phase II adds 600,000 tonnes; est. cap costs US$500M
First production estimated Q2 2011
10% free carried interest granted to ROC Government
Marketing
Ameropa AG: marketing partner for 100% of production under “bankable” offtake agreement
Next steps
Project financing is well advanced; strong expression of interest from debt providers: Debt and equity financing expected to close Q4 2008
Construction startup Q3 2008, Commissioning Q4 2010

9. Kouilou Potash Project Competitive Advantages
Exclusive rights to one of world’s largest carnallite deposits
carnallite  potash
Low cost solution mining + low cost energy  one of lowest cost producers
Location advantage near port (16 km existing rail line)
Shortest Shipping distance to key markets. US$66/tonne delivered cost advantage to Brazil versus Saskatchewan suppliers.
Best deepwater port in west-central Africa
Pointe-Noire
DRC
ROC
Angola
Gabon
BRAZZAVILLE
KINSHASA
Pointe- Noire
Proposed plant site

10. Exceptional Returns Chips Ahoy!
The MagIndustries story is about… Exciting Resource Projects in Central Africa
Exceptional Returns
Chips Ahoy!
Sustainable, renewable wood fibre producer
Strong Competitive Advantages

11. MagForestry Proven Business Model in Africa
Acquisition
Execution
Return on Investment
Two stage acquisition of 100% ownership for cash and shares (US$6M)
Installation of experienced Canadian Forestry Management Personnel
US$10M invested in forestry operations
US$25M invested in chip mill – completing commissioning
2007 revenues US$9.5M 2008 est. revenues US$20M 2009 to 2013 est. revenues US$ est. revenues US$80M

12. MagForestry Accomplishments and Outlook
Built the team
Upgraded equipment, increased mechanization
Expanded the tree nursery and planting operations
Built a strong relationship with the community
Chip sales contracts signed
Mitsui shipping contracted
Chip mill now commissioned and in production
Sales (net of shipping) of US$20ME.
Positive cash flow
Increased area under cultivation

13. MagForestry Pointe Noire Chip Mill

14. MagForestry Pointe Noire Chip Mill

15. MagForestry Kissoko Tree Nursery

16. Power for the Copperbelt
The MagIndustries story is about… Exciting Resource Projects in Central Africa
Power for the Copperbelt
Restoring capacity to one of the world’s lowest cost power producers

17. INGA Projects: Planned Scope of Work
Phase 1: Emergency work to maintain current output
cost US$25M, work started Q2, 2006
revenues from sale of 84 MW annually starting Q2 2009
Subcontractor: Franco Tosi (Italy)
Phase 2: Rehabilitate 4 INGA II turbines
cost US$140M
MagEnergy to market 25% of restored capacity (i.e., 164 MW)
Status: Ratification process continues; timing uncertain

18. Busanga As DRC’s first Independent Power Producer  secured rights
Busanga is 2nd largest hydro site in DRC after INGA (250 MW potential)
Feasibility study underway
adjacent to Katanga Copperbelt
connected to the South African Power Pool grid
Status: Review of project construction and financing consortium in 2008
Congo River
ROC
DRC
KINSHASA
Zongo 2
INGA hydro plant
Busanga
1,100 MW DC line
Zambia
Angola
Copperbelt

19. Automotive Engineers’ “Light Metal of Choice”
The MagIndustries story is about… Exciting Resource Projects in Central Africa
Exceptional Returns
Magnesium
Automotive Engineers’ “Light Metal of Choice”
Key to achieving vehicle mileage targets

20. MagMetals Project Status
Purchase of technology and equipment from Norsk Hydro
Decision to proceed will follow successful startup of MagMinerals potash plant
Construction start potentially in 2011
First production potentially 2014
Key Characteristics
Planned capacity of 60,000 tonnes per year
Potential to be lowest cost magnesium metal producer in the world: low cost MgCl source; low cost electricity and natural gas

21. MagIndustries – Looking Forward
The Projects
The Future

22. Key Milestones Next 3-12 Months
Potash project financed and construction started
Chip Mill at full efficiency
One refurbished turbine running on commercial basis
Update business plan and project timing
Will drive shareholder value

23. MagIndustries 4-6 Years Out
MagMinerals Potash plant Phase I and II in operation – annual revenues on 1.2 million tonnes per year
MagEnergy: most turbines refurbished and operating
MagForestry: annual wood chip sales double from US$35M to US$70M
Construction start for 60,000 tpy magnesium plant
Decision to proceed with greenfield hydro projects
Decision to proceed with MDF (fiberboard) plant

24. Management Team & Board of Directors
William B. Burton, Founder, President & CEO, Director MagIndustries. BSc Honours Economic Geology, 30 years global experience in identifying and developing mineral properties. 12 years with RTZ.
Stéphane A. Rigny, Exec. VP & Director MagIndustries, MBA Finance, family history with ROC, 11 years of project and finance experience in francophone Africa, with Rand Merchant Bank (e.g.; $400M project finance in the ROC and the DRC).
Bryan Benitz, Chairman and Director since 1999, England. Private investment advisor specializing in financing junior resource companies. Independent Director.
Richard Linnell, Director, Johannesburg. Geologist, 35 years African resource industry. Previously Regional Director, African Exploration and Development for Billiton; Director of BHP Billiton (SA) Ltd. Independent Director.
Gerard Munera, Director since 2003, United States. Long history in the mining and metals industry as Senior Executive Officer, notably with Union Miniere, Pechiney, RTZ, and Minorco. Independent Director.
Mustapha Niasse, Director, Former PM of Senegal, Key negotiator in Sun City Peace Accord which resulted in the power sharing Government for the DRC. Close friend of President Kabila. Independent Director.
Gary E German, Director since 2003, Canada. Engineer, extensive experience with Noranda and others developing mining assets globally. Independent Director.
Victor Wells, Director, Chairman of the Audit Committee. 30 years financial management with resource companies. Independent Director.
Willy Verbrugghe, CEO MagMinerals. 35 years experience with major project development and management.
Mike Edwards, VP Projects. 35 years experience planning and building major resource projects in Africa.
Achim Strauss, VP Engineering & Development. Mechanical engineer, 6 years with Salzgitter Anlagenbau GmbH principally evaluating magnesium projects. Over 11 years of experience in business and project development.
Georges Kyriakos, VP Development MagEnergy Inc., Johannesburg, SA. Engineer, Extensive business operating experience in Africa especially in the DRC. Widespread network of political contacts in Central Africa.
Dan Orlando, VP MagForestry. Pointe Noire. 25 years experience in management and operations in the Canadian Forestry Industry.