September 2008

INVESTOR PRESENTATION

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Disclaimer Notice

This presentation has been prepared on behalf of Auvex Resources Ltd (“Auvex” or the “Company”). To the maximum extent permitted by applicable laws, Auvex, nor its corporate advisors (LinQ Corporate Pty Ltd) takes no responsibility and assumes no liability for, the authenticity, volatility, accuracy, suitability or completeness of, or any errors in or omission of, any information, statement or opinion contained in this presentation.

You should not act or refrain from acting in reliance on this presentation material. This overview of the Auvex does not purport to be all inclusive or to contain all information which it’s recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform and own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

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Contents

1. Corporate Information

2. Manganese Outlook

3. Project Information

4. Mining and Marketing

5. Exploration Potential

6. Capital Raising Strategy

7. Key Milestones & Summary

8. Contacts

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Corporate Information

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Overview

Formed to explore, develop and mine manganese on their tenements in Western Australia and Northern Territory.

Historical production averaged 49% Mn from Ant Hill.

Record Mn prices – strong market forecast for the next 5 years (ML Report)

Sunday and Ant Hill tenements are extinguished native title granted Mining Leases.

Auvex Resources Ltd

First shipment of Manganese Ore scheduled for late 2008 early 2009.

Significant Direct Ship Ore observed over 3.6km of outcrop.

Experienced Board and operational team with specialised experience in manganese mining and marketing.

Low cost high margin long term business.

There is only one listed, pure manganese play globally1.

1 Source: Merrill Lynch

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Board of DirectorsThe Board has significant experience in the mining sector across the full spectrum of development stages from exploration through to production. A number of Directors have significant expertise with respect to the manganese industry.

Chairman: Ian Burston (Incoming)

Ian Burston has over 30 years’ experience in the extractive and related industries; his prior positions included Managing Director and Chief Executive Officer of Aurora Gold Ltd, Chief Executive Officer of Kalgoorlie Consolidated Gold Mines; Vice President – WA Business Development of CRA Ltd; Managing Director of Hamersley Iron Pty Limited and Chairman of Cape Lambert Iron Ore Ltd. During the past 10 years, he has been a Director of the Esperance Port Authority.

Ian was awarded the Western Australian Citizen of the Year (category of Industry and Commerce) in 1992; the Order of Australia (General Division) in 1993 and an Honorary Doctor of Science (Curtin) in 1995.F

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Board of Directors

Executive Director: Peter Cunningham

Mr. Cunningham has a degree in Applied Science (Mining Engineering). He has thirty years experience in mine development and operations. Mr Cunningham has held Executive Director positions at Hill 50 Gold NL and Abelle Limited, and was Managing Director of Bluestone Tin Limited during the period 1998 to 2005.

Managing Director: Steve Crabbe

Mr Crabbe has held senior positions in Mining Companies in the operational, maintenance and production arenas. He has 30 years experience in the mining and processing of manganese, iron ore, titanium minerals, alumina and gold. Steve is the founder and owner of a successful privately owned mining services company.

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Mr Mandanici has completed a Certificate IV in Property (Estate Agency Practice) through the Victoria University in Melbourne. He has worked in both the Private and Government sector in Victoria and has extensive knowledge of corporate process and procedure.

Non Executive Director: Robert Mandanici

Non Executive Director: Victor Strong (Outgoing Chairman)

Mr Strong has a First Class Honours degree in Mechanical Engineering, a Masters degree in Engineering Science and is a Fellow of the Australasian Institute of Mining and Metallurgy. In the past forty years he has gained experience in operations, feasibility studies and project development across a range of mineral commodities including manganese, iron ore, coal, base and precious metals.

Board of DirectorsF

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Corporate Structure

JV Projects 50% Auvex

100% Auvex

Ant Hill Sunday Hill Mt Padbury Horseshoe Range

NT Tenements

AUVEX RESOURCES LTD

AUVEX RESOURCES LTD

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Manganese Outlook

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Manganese Outlook

Long term fundamentals underpinning the market for all global carbon steel and stainless steel materials, including manganese, remain very positive.

Manganese is an essential input in the steelmaking process. The steel industry consumes over 90% of all Manganese units.

Global Mn demand forecast to grow at 5.6% out to 2012.

Chinese Mn alloy demand to grow at 8.4% out to 2012.

Mn alloy prices set to surge on the back of higher iron ore prices

World Mn Alloy Demand

02000400060008000

1000012000140001600018000

2005 2006 2007 2008 2009 2010 2011 2012Year

'000

Met

ric T

onne

s

HC FeMn SiMn Ref FeMn

Source: CRU

Outlook For Manganese Alloy Demand Remains Positive

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Manganese OutlookOre shortages and supply constraints are expected to keep Mnmarket in deficit until at least 2010.

Global Mn Ore consumption rose by 12% in 2007.

Mn Ore prices nearly quadrupled in 2007 to US $9.88dmtu CIF China for Mn 45%.

BHP settles benchmark 48% MnJapanese price for 2007/08 at $11.20 FOB Australia.

In Q2 2008, spot prices of Mnore in China were trading higher than the BHP Billiton benchmark of U$12.20/dmtu for standard grade manganese.

This has set the framework for further price increases in Q3 with the benchmark already set for the Qtr of U$16.20/dmtu, an increase of 33% over Q2 (source: Merrill Lynch).

Manganese Ore Market Balance and Price

-1500

-1000

-500

0

500

1000

1500

2004 2005 2006 2007 2008 2009 2010 2011 2012

Year

Mar

ket B

alan

ce

(Con

tain

ed M

n to

nnes

)

0246810121416

US$

/ dm

tu

Market Balance Estimate Mn 45% CIF China BHP Benchmark Japan 48% FOB

Source: CRU / Merrill Lynch

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Project Information

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Project Locations

Mt PadburyHorseshoe Range

Sunday HillAnt Hill

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Manganese Province

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Sunday Hill & Ant HillEarn in Agreement

Under the terms of the earn in agreement Auvex has paid Hitec $1M cash and will fund the first $7.25M in exploration and development expenditure.

Fund the first $7.25m in exploration & development expenditure

Hitec EnergyHitec Energy

$1.0m cash

Sunday Hill & Ant Hill JVSunday Hill & Ant Hill JV

50% OwnershipAUVEX RESOURCES LTD

AUVEX RESOURCES LTD

50% OwnershipFor

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Sunday Hill GeologyGeology of the Sunday Hill Deposit

Historical wide spaced drilling quantified an initial JORC compliant Inferred Mineral Resource for the Sunday Hill mining lease of 4.7 million tonnes at a grade of 18.4% manganese. Current work will focus on untested high grade central zones in strike.

JORC Compliant Inferred Mineral Resource

The Sunday Hill manganese deposit was mined sporadically up to 1960. Since then, little work has been completed. The manganese mineralisation occurs within the Meso-Proterozoic (Bangemall Super Group) Manganese Group sediments. The mineralised outcrop occurs over approximately 1.8 strike kilometres. Recent rock chip assay results obtained by use of a portable XRF unit (error +/- 1%) in the wide undrilled central zone have returned consistent Mn grades of 50-62% range with low Fe values.Work to date supports the potential for a high grade resource of significant size and simple metallurgy.

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Sunday HillF

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Ant Hill GeologyGeology of the Ant Hill Deposit

Work undertaken has quantified an initial JORC compliant Inferred Mineral Resource for the Ant Hill mining lease of 1.19 million tonnes at a grade of 23.4% manganese.

JORC Compliant Inferred Mineral Resource

At Ant Hill the manganese horizon is sub-horizontal and forms a prominent mesa or flat-topped hill of some 1.5 to 2 kilometres length and up to 0.5 kilometres width.Hitec Energy has previously identified a JORC compliant Measured Mineral Resource of 1.19 million tonnes at a grade of 23.4% manganese on Ant Hill mining lease. Current Resource only covers approximately 8% of the outcropping manganese area. Recent mapping and XRF rock chip results have identified high grade zones with the potential for significant tonnages.F

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Ant Hill Cont.

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Exploration

Historical exploration sampling has only been reconnaissance in nature and little effort has been made to assess the grades and tonnes of existing outcrops away from mines.

Past drilling was confined to 8% of the area of Ant Hill and only to 28m depth.

Recent detailed geological mapping at Ant Hill is indicating a significantly different interpretation with potential for additional volumes of high grade direct ship manganese ore.

Current geological work at Sunday Hill has led to a view that the wide spaced historical Sunday Hill exploration drilling is 200m to the west of what is now thought to be the main primary high grade zone.

Significant Exploration Upside

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Mining and Marketing

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Development Strategy

Bulk sampling planned to be completed by early 2009 to provide metallurgical data – expected early cash flow.

Targeting proven reserve of 500,000t by April 2009 and complete in-house feasibility by May 2009.

Commence production at Year 1 target rate of 215,000t at 42% Mn and 12% Fe in Q3 2009.

Secured capacity at Boodarie Industrial site at Pt Hedland for stockpiling of ore prior to shipment.

Ship through the existing common user facility at Pt Hedland until 2010.

To secure founder status at the new common user facility at Utah Point, Pt Hedland.

Auvex is of the view production can be increased to 300,000tpa with the addition of a beneficiation plant during 2010.

Early Production

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Mining Operations

Shallow open cut mining with low strip ratio using conventional mining equipment.

Processing by a simple 2 stage crushing and screening plant.

Lump product size from 6mm to 75mm.

Product will be segregated into graded stockpiles.

Graded stockpiles will be blended to customers requirements.

The ore is then trucked by road trains to Boodarie near Port Hedland (app. 300 km’s).

The ore is stockpiled at Port Hedland and shipped to customer – most likely to China/India.

Simple Operating Process

High Grade Mn>40% Fe

<10%

Med Grade Mn

33-38% Fe 10-20%

High Grade

Mn >40% Fe <10%

High Sediment

Crushing & Screening

Blending Trucking Shipping

Low Grade &

Fines

LumpStockpiles

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Marketing StrategyAuvex has entered into a a marketing joint venture with Hitec Energy Ltd.Hitec will act as marketing manager for the JV.

The JV will seek to employ marketing strategies including:Entering into contracts with quarterly pricing;concentrating on direct sales to end-users;identifying and selecting customers which are likely to have long term mutual relationships and logistical advantages for Auvex.

Most of the manganese product and alloy transactions are underpinned by long term minimum supply off-take contracts with quarterly price adjustment for terms of 6 months – 2 years with both producers and smelters.

The Joint Ventures principal customers will be major ferro alloy producers who in turn sell alloys to multi-national steel companies.

Auvex plans to expand its customer base geographically and politically to reduce risks.

In 2Q 2008, spot prices of Mn ore in China were trading higher than the BHP Billiton benchmark of U$12.20/dmtu for standard grade manganese. This has set the framework for further price increases in Q3 with the benchmark already set for the Qtr of U$16.20/dmtu, an increase of 33% over Q2 (source: Merrill Lynch).

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Exploration

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Exploration Projects

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Exploration Projects

The Horseshoe Range Project has significant potential to yield commercial quantities of manganese ore and proactive exploration will be undertaken in the medium term.

The Mt Padbury pit (excised) produced manganese from 1948 to 1967 and grades were extracted at above 48% Mn.

Current rock chip grades are between 38-54% Mn and several of the surrounding mesas (flat-topped hills) have well developed massive manganese providing excellent targets for the discovery of additional resources.

Northern Territory Exploration Tenements are reported to have Mn outcrops.

Auvex is in active negotiations with several parties to acquire additional quality manganese deposits to enhance the existing portfolio.

Horseshoe Range

Mt Padbury

Other

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Summary

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Key Milestones

Key Milestones Q2-08 Q3-08 Q4-08 Q1-2009 Q2-2009 Q3-2009

$5m Seed Capital

$10m Converting Note

Bulk Sampling

Mining Study

Trail Shipment

Resource Drilling

Exploration

Infill Drilling

Resource Modeling

Statutory Approvals

IPO

Fulltime Mn Production

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Summary

Strong Manganese prospects in a robust market.

Early market entry through approved 50kt shipping in Q3 2008 Q4 2009.

Staged production ramp up to 500kt by year 3.

Low operational cost underpins long term profitability.

Experienced Management with Manganese specific capability.

JORC defined resource with significant exploration potential.

Aggressive but realistic production timeline.

IPO scheduled for November 2008.

There is only one listed pure manganese play globally.For

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Contacts

Corporate Advisor: LinQ Corporate

Name: Gary ConwayTitle: DirectorTel: +61 (0)8 9488 8891Mob: +61 (0)409 389 968Email: garyconway@linqcorporate.com

Managing Director Executive Director

Corporate Advisor: LinQ Corporate

Name: Steve CrabbeTel: +61 (0)8 9433 6088Mob: +61 (0)418 853 051Email: steve@auvex.com.au

Name: Peter CunninghamTel: +61 (0)8 9433 6088Mob: +61 (0) 419 189 372Email: peter.cunningham@westnet.com.au

Name: Angus OfferTitle: Senior ManagerTel: +61 (0)8 9488 8872Mob: +61 (0)407 707 403Email: angusoffer@linqcorporate.com

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