MOPALA METALS INTRODUCTION

9 June, 2009 Mopala Metals signed a partnership agreementwith A & Cladava Sprl, holders of what were then twoexploration permits, PR600 and PR599 (PR = permis derecherche) in the Sakania region of the Katanga province in theDRC.

Agreement stipulated A & Cladava Sprl had to obtain a miningpermit for each of the two PRs by submitting an environmentalimpact study and a feasibility study at the Ministry of Mines inKinshasa

Following approvals of both the EIS and the FS, as of November2009 PR600 and PR599 have now been converted into PE/PM 600and 599 (PE/PM = permis d’exploitation petite mine, or exploitationpermit for small mine – must not exceed 2 MUSD in initialinvestment at each permit, and valid for ten years)

11 November, 2009 Mopala Metals signed a partnershipagreement with Pangimines Sprl, holder of 4 explorationpermits – PR3279, PR3280, PR4484 and PR4486, in theManiema province of the DRC.

COMPANY STRUCTURE

MOPALA METALS SPRL

SOCIETE MINIERE KASAMWA SPRL (SMK)

A & CLADAVA 30%

MOPALA METALS

70%

OROMANIX SPRL

PANGIMINES 30%

MOPALA METALS

70%

MOPALA FOUNDATION

MOPMOPALA FOUNDATION SPRL

It’s mission: initiate, fund and manage projects with the aim of promoting sustainable development in Mopala area of operations, while maintaining full compliance with DRC mining code and regulations, and Equator Principles.

Infrastructure projects, road and bridge improvements

Bring potable water to local villages

Fund agricultural projects

Build covered markets in main population localities in order to developcommerce

Provide micro credit facilities

Build and equip schools and technical institutes to teach skills for sustainableand productive employment

Provide health care for employees and local communities

Mopala Foundation begins activity as production kicks-off.

All social development projects shall be undertaken through extensive consultation with local authorities, including province governors.

SOCIETE MINIERE KASAMWA SPRL

SMK Sprl was created to undertake mining operations atPE/PM600 and PE/PM599.

30% A & Cladava Sprl

70% Mopala Metals Sprl

Permits valid till 2019

Can be transformed to PE (exploitation permit with no limitto investment), which is then valid for 15 years

As per agreement terms, must be in small-scale productionby end 2010.

PE/PM 600 – PE/PM 599 Activity to date

PE/PM 600 + 599 total surface area 6,100 hectares (61 km²)

PE/PM 600 (KASAMWA)

Artisanal activity in several sites already underway in Kasamwa in acolluvium/alluvium sector (quartzite sands) between Kasamwa Hill andthe Lundi River. These are the easiest sites for artisanal workings as wateris plentiful, and the quartzite sands, unlike the hard rock further up theslope, do not need crushing.

Artisanal production erratic due to isolation of the sites – 17 km fromKipushia, the nearest village (which survives on subsistence farming – thusno shops for supplies).

PE/PM 599 (CHANGULUBE)

7.5km NE of Kasamwa, also sustains some artisanal activity, though mainlyduring the rainy season.

Main obstacle to artisanal miners is availability of water for panning. Also,this area consists entirely of hard rock (quartz) which needs pulverizing.

Ndola – Sakania - Mopala

ZAMBIA

PE/PM 600 – PE/PM 599

KANSAMWA

CHANGULUBE

PR 600 – PR 599 Current Activities

Initial sampling undertaken beginning of June (53 fromKasamwa and 16 from Changalube) confirmed goldmineralization. Best results: K052 with 8.84 gm/tonne and CH011 with 2.24 gm/tonne

Of 53 samples in Kasamwa 24 revealed traces of au, and in Changalubeof 16 samples 5 were positive .

Homogeneous pyrite sample gave a result of 6.26 gm/tonne of gold

Geological mapping of Kasamwa and Changulube completed

2,398 soil samples taken, awaiting lab assay results

Access roads and bridges for light vehicles to Kasamwa andChangulube completed

Kasamwa Camp under construction

PE/PM 600 – PE/PM 599 Current Activities

ACCESS ROAD TO KASAMWA

CAMP KASAMWA

PE/PM 600 – PE/PM 599 Immediate Challenges

Access Sakania to Kasamwa 110km dirt track, will upgrade road and bridges

for heavy vehicle use

Difficult passage during rainy season Nov-May.

Indirect benefit: keeps unwanted visitors away

Resupply/Logistics Ndola-Sakania-Camp Kasamwa (17km from Kipushia, nearest village)

Sakania has very poor infrastructure, no petrol station, no proper foodmarket, and no banks.

Thus, Ndola will be our major resupply base, at present a four-hourdrive. As roads are improved, this time can be reduced to under threehours.

Fidel, our facilitator in Sakania, brings goods across border withminimum hassle to resupply Kasamwa.

GOLD PROCESSING PLANT

GEKKO is a possible solution for initial plant at PE/PM 600 and PE/PM 599 Modular skid mounted plant that is easy to transport, install and

operate.

Gravity gold recovery plants include scrubbing, sizing, crushing, andconcentration modules.

Concentration is accomplished with the InLine Pressure Jig (IPJ) and/orthe InLine Spinner (ISP) to produce a gold concentrate

Concentrate treated using the InLine Leach Reactor (ILR) to producegold dore

The ILR uses intensive cyanidation to leach the concentrates and thenrecovers the gold using electrowinowing

As there would be several sites over the 61 km², multiple small plantswould produce concentrates at each site, then ship them to centrallylocated ILR plant with the appropriate cyanide licensing and handlingfacilities.

GEKKO MODULAR PLANT

OROMANIX SPRL

Oromanix was created to carry out exploration activities in the four Maniema exploration permits.

30% Pangimines Sprl

70% Mopala Metals Sprl

Four Permits total surface area of 45,684 hectares (457 km²)

Permits have sufficient validity to undertake exploration activity leading to the obtention of mining permits (PE)

PR3279 expiry date 21 October 2012

PR3280 expiry date 01 October 2011

PR4484 expiry date 18 June 2012

PR4486 expiry date 18 June 2012

With the earliest expiry date, initial focus will be on PR3280.

Environmental Impact Study and Feasibility Study must be introduced at the Ministry of Mines no later than April 2011.

As a PE its mining permit would then be valid for 15 years

MANIEMA – KIVU PROVINCES

PR 4486

PR 3280 PR 3279

PR 4484

KINDU

BUKAVU

GOMA

PR 3280PR 3279

PR 4484

TOTAL SURFACE AREA OFTWO PERMITS = 357 km²

TOTAL SURFACE AREA = 42.3 km²

TOTAL SURFACEAREA = 57.5 km²

PR 4486

PR 4486ALLUVIAL GOLD

RESULT OF ONE SHOVEL

MONAZITE

PR 3280ONE NUGGET OF 13.4 KILOSFOUND LAST SEPTEMBER 8IN THIS ARTISANAL SITE

POSSIBLE IMMEDIATE CASH FLOW

In the short term (Q1 2010) Mopala Metals would set up a buying counter in

the main village, Kingombe Bale, within PR 3279 (where the 13.4 kg nugget

was found) which abuts onto the northern boundary of PR 3280. This would

then become the centre of gravity for all artisanal miners’ gold sales, which at

present sell to Ugandan and other foreign traders, who also bring in goods

that they then sell to the artisanals who pay with the money the traders

brought, thus making a two-way profit. Mopala Metals has every right to take

over this commerce. Moreover, we would have the backing of local

authorities, who view the Ugandans’ activities with animosity (but don’t do

much about it). This would generate a cash flow of at least 10,000 USD per

day - 1 x 36,000 (current price of 1 kg) minus 26,000 (the price we would pay

the artisanals) = 10,000 USD – or roughly 250,000 USD/month

COMPANY STRATEGY 2010

1. At PE/PM 599 and PE/PM 600 in the Sakania district, begin exploration drilling to test grade and the down dip and strike extent of mineralization in the main quartz reef, to be followed by resource drilling if results prove favourable.

2. Commission processing plant (GEKKO) and start processing alluvial deposits

3. Begin an exploration program, including drilling at PR 3280, which has the earliest expiry date (Oct 2011) - and also highly visible gold mineralisation (where the 13.4 kg nugget was found last September). Over a dozen artisanal sites are currently being worked on it, producing over one kilo of gold metal per day as reported by the onsite minister of mines representative.

4. Complete an environmental impact study and feasibility study for PR 3280, ready for introduction by April 2011 (6 months before permit expiry date) at the Ministry of Mines in Kinshasa in order to convert the exploration permit into a mining permit (then valid for fifteen years, renewable).

COMPANY STRATEGY 2010

4. Initiate dialogue with South African banks/underwriters to obtain a listing at the Johannesburg Stock Exchange for Mopala Metals. Raising capital through equity should then provide adequate funding to continue resource measurement through an extensive drilling program. As measured and indicated, and inferred, resource grows, this should reflect positively on share price. In addition, if warranted production at PE/PM 599 and PE/PM 600 could then expand.

5. Negotiate with Joint Venture partners a buyout of their 30% in order to obtain 100% ownership of all projects. This can be achieved with a combination of cash payment and equity swap. It would be in our interest to lock in a price as early as possible while there is still some uncertainty on resource reserves.

PRE-IPO REQUIREMENTS

In order to achieve a successful outcome for this strategy, Mopala Metals

would require pre-IPO funding in the region of five million dollars. This cash

would be generated by selling a portion of its current shares.

With a strong asset base comprising two PE/PM’s and four PR’s, totalling 518

km², with visible gold mineralization and currently sustaining a vast artisanal

network (roughly 800 artisanal miners), producing over a ton of gold metal

per year - again, as reported by the ministry of mines representative - (and

this at a very low recovery rate compared to what state-of-the-art technology

can deliver), plus with the funds necessary to begin establishing mineral

resource reserves, raising capital through equity by end 2010 should be an

achievable objective.