INVESTOR PRESENTATION

April 2010

About Foundation Resources Capital Pool Company (CPC) listed 11/12/2006

Qualifying Transaction– Coldstream property

completed June 12th, 2009

New & Proven Management Team moving forward

Financing - $555,000, $113,250 & $495,000 closed

2100m drill program completed in winter 2010

Symbol FDN.V

12.43 million shares outstanding

17.26 million shares fully diluted

ColdstreamProperty Agreement Foundation can earn a 60% interest in the property by:

Issuing to Alto a total of 1,000,000 common shares of

Foundation as follows:

500,000 shares on signing (done)

500,000 shares upon completion of $400,000 of exploration

expenditures

Incur an additional $250,000 of exploration expenditures on or

before April 6, 2011 and April 6, 2012

Incur cumulative exploration expenditures of $3,000,000 on or

before April 6, 2013

Foundation can earn an additional 10% interest (for a

total of a 70% interest) in the property by completing a

feasibility study

Coldstream Property Location: 115 km west

of Thunder Bay, NW

Ontario

Property: 5,394 hectares

in staked and patented

mining claims

Access: Trans-Canada

Highway 11 and

Provincial Highway 802

Infrastructure: Power

grid, railroad and skilled

local labour nearby

Geologic Setting

Archean age Shebandowan Greenstone Belt within the Wawa Subprovince, host to past and present world class precious and base metal deposits

Gold deposits in northeast-striking shear zones on the property

Two significant gold deposits and one copper-gold past producer are located on the property, from NE to SW: the East Coldstream deposit, the North Coldstream Mine, and the Span Lake deposit.

Regional Trend

2009 Exploration Program Geological mapping, trenching, rock sampling

Generate drill targets

Span Lake: Confirmed Inco 1980’s work, delineate controls on gold

mineralization –confirmed extent of Moss Lake deposit on Foundation

property - generated additional drill targets

Burchell West: investigated historic gold occurrences

Broadhurst Peninsula: Mapping and rock sampling in an area with grab

samples up to 2.06 g/t Au from Alto Ventures 2008 work

Skimpole Lake: Confirmed historic gold anomalies

East Coldstream: Confirmed widespread mineralization at the deposit

Goldie Zone: Confirmed historic gold occurrences - 2.06 to 5.48 g/t Au

Iris Zone: IP conductivity anomalies coincident with anomalous gold

results from 2007 drilling-confirmed gold in outcrops

Span Lake Area

Adjacent to Moss Lake gold deposit (51 million tonnes –1.5 million ounces gold, NI43-101 compliant inferred resource)

Drill results include: 3.01 g/t Au over 7.45 m 3.67 g/t Au over 4.63m

Nine zones of anomalous gold identified

Channel Sample Au g/t Length (m)

A Zone

S-A-03 0.68 8.76

includes 1.71 2.85

S-A-05 1.29 2.35

S-A-06 0.53 10.2

includes 1.1 4.0

S-A-07 1.05 3.0

S-A-14 2.36 2.0

S-A-18 31.8 0.75

S-A-20 2.51 3.16

S-A-26 1.23 2.0

B Zone

S-B-05 1.7 2.22

Span Lake Zone

Channel Samples in Outcrop

5.1 million tonnes at 1.4 g/t (234,000 ounces gold) calculated by Noranda in 1990 for the North, Main and East zones (Historical resource not compliant with NI 43-101 standards)

Au mineralization starts on surface - historic resource estimate was based on relatively shallow drilling

The historical resource does not include the Sanders Zone, where 2006 drill results include 1.1 g/t Au over 23m

Mineralization plunges easterly - all zones open at depth

Winter 2010 drilling has demonstrated greater widths at depth in the deposit, potentially providing significant addition to the historic resource

East Coldstream Gold Deposit

Drill Hole From

(metres)

To

(metres)

Width

(metres)

Gold

(grams

/tonne)

C-10-14 190.45 237.70 47.25 1.30

Including: 192.30 198.20 5.90 3.01

216.95 218.95 2.00 6.15

227.30 229.75 2.45 9.62

228.55 229.75 1.20 11.80

C-10-15 169.45 196.73 27.28 4.88

Including: 193.73 196.73 3.0 13.55

East Coldstream – Winter 2010 Drill Results

East Coldstream – Winter 2010 Drilling

East Coldstream Long Sections

East ZoneOpen at depth, with intersections

increasing in width with depth

Intersections from drilling to date

are less than 200m below surface

Sanders ZoneVery little drilling to date, a

potential expansion of the deposit

along strike to the east and to

depth

Goldie Zone

Trench 6 Area

31 g/t sample site

Iris Zone

Recently acquired claims expand the property north of the East Coldstream Gold Deposit

2007 drilling targeted IP conductivity anomalies running sub-parallel to IP anomalies coincident with the East Coldstream Gold Deposit

Drilling encountered alteration and shearing similar to that observed at East Coldstream

2007 drill results include 1.27 g/t Au over 5m, 1.19 g/t Au over 4 m, and 1.28 g/t Au over 5.2m

IRIS ZONE

Outcrop –

15 g/t sample

San RafaelProject Located 150 km west-

northwest of Durango,

Mexico

5 concessions totalling

approximately 1,000

hectares covering a 7 km

trend

Access: paved & gravel

roads from Durango

Infrastructure: airstrip,

access to spring water,

well-built camp

San RafaelProperty Structurally controlled

epithermal gold-silver

vein deposit

Historic production from

workings on four levels

totalling 400 metres of

development

Targets along strike and

at depth comparable to

the existing San Rafael

mine working

San Rafael Mine Plan Verification sampling

returned values up to

13.86 g/t Au and 175.88

g/t Ag over 3.8 metres

John Hiner – CEO Mr. Hiner has more than 30 years of experience in worldwide resource

exploration and management. Mr. Hiner has managed projects from the conceptual exploration stage to positive feasibility and finance level studies on proven deposits in South America, North America, and Africa.

Paul Chung – President 23 years of project management, extensive skills in public company

experiences, and negotiating international transactions makes Mr. Chung a valuable asset to Foundation. Mr. Chung has conducted operations throughout South America and was responsible for asset acquisitions, project oversight, strategic planning, government liaison, and ensuring strategic alignment between parent and subsidiary.

• Jerry Bella – CFO• Mr. Bella is a self employed financial consultant presently involved with

various private and public companies. Since receiving his C.G.A. designation in 1979, Mr. Bella has been a director or CFO of numerous private and publicly-traded companies including resource exploration, manufacturing and high tech companies.

• Mike Koziol – Director• Mr Koziol is a geoscientist with 30 years of experience exploring for gold

and base metals in the Canadian Shield. Mr. Koziol has been responsible for a number of gold and base metal discoveries during his exploration career with the Saskatchewan Mining Development Corporation and Cameco Gold Inc.

• Barry Girling – DirectorBarry has been providing various consulting services to a number of

public companies for 15 years and has been involved in various

aspects of mineral exploration for over 25 years. He currently

serves as a director of i-Minerals Inc. a TSX.V listed company

developing industrial mineral assets in Idaho, USA and serves as a

director of TSX.V listed Foundation Resources Inc., a capital pool

company contemplating mining based qualifying transactions and

Search Capital Inc. a TSX.V listed company capital pool company.

Foundation Resources Inc Suite 620-650 West Georgia

PO BOX 11604

Vancouver, British Columbia

V6B 4N9

Tel: 604-681-0405

T. Free: 1-800-667-4470

Fax: 604-687-4670

info@foundationres.com

http://www.foundationres.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation. Statements in this presentation other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. This presentation contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this presentation. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk.