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  • 2000 G I W h 5

    S b 1997 Bill & R G d Th i Fi

    RonSr.&RonJr.VisitTheEasternRegionKing

    2000GramIngotWorth5TimesMoreIn2010

    September1997Bill&RonGrantedTheirFirstConcessionsintheEasternRegion

    TheFirstGoldNuggetsInspectingtheJigSystems

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    p g g y

  • IntroductionandBusinessConceptCorporateStructureGhanaGhana Fiscal HighlightsGhanaFiscalHighlightsManagement&TechnicalTeamTheMiningProjectsResourcesTableforallProjectsComparisonstoHistoricalProductionatBonte MineKibiGoldProjectHardrock ExplorationOffshoreGoldConceptsThe OpportunityTheOpportunitySummaryCashFlowsandSensitivityAnalysesTheTerms&UseofProceedsFinalCorporateStructureConclusionContacts

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  • GhanaRae&Chevyrock GhanaLtd.haveincorporatedanalliancetominegoldanddiamondsintheRepublicofGhana,WestAfrica.GRMwasformedbyanexperiencedgroupofminingandexploration

    f i l t ti t d d i ti ll i l ld d di dprofessionalstoreactivateandexpandexistingalluvialgoldanddiamondminestoexploittheiralluvialgoldandgold/diamondresources.GRMhasidentifiedtwospecificareasinGhanawherealluvialgoldandgold/diamondresourcesarepresentandthathavenotbeenexploited.g / p pTheseresourcesarelocatedintheAtewa RangeareaintheEasternRegionlyingintheKibiBeltandthegold/diamondareasurroundingAkwatia.GRMhasacquiredtherightstominetheresourcesontheKibipropertyin the Kibi BeltintheKibiBelt.GRMhasacquiredtheexplorationrightstothebedrockmineralizationononeoftheconcessionsintheKibiBelt(Kibiproperty).

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  • CHEVYROCKENGINEERING,LLC.Principal:RonaldJ.Anthonyp y

    CHEVYROCK GHANA LTDCHEVYROCKGHANALTD.Principal:RonaldJ.Anthony

    ThereareotheroptionstoconsiderwithregardstoOffshoreEntitiesandHoldingCompaniestoprotectPrincipalsandInvestorsinterests.

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  • RonaldAnthony,ManagingDirectorforChevyrock Engineering:RonattendedclassesattheUniversityofRhodeIslandwherehestudiedCivilandStructuralEngineering.Ronhasanextensiverealworldengineeringbackgroundinheavyconstructionequipmentandconstructionmanagement.Forover20yearsRonwasresponsibleforanumberofgeneralconstructionmanagementpositionsandthefacilitationofmanymultiilli d ll b ildi j ld id R b i 15 f i i l i i i hmilliondollarbuildingprojectsworldwide.Ronbringsover15yearsofinternationalminingexperiencetothe

    operationsandmanagementteaminGhana.From1997tothe2001RonandhispartneroperatedasurfacealluvialgoldminingprojectintheEasternRegionofGhanaalongtheBirim RiverBasin.DuringthistimeandthroughthepresentRonhascontinuedtobuildarespectedandresponsiblerelationshipwiththelocalgovernmentofficialsintheRepublicofGhana.RonAnthonysbusinessstrengthsareclearlyevidentwithhisworkg p y g yethics,entrepreneurialcharacterandasolidplanforthefutureinGhanaforChevyrock EngineeringsInvestors.

    RonnieJRDelfino ManagementRonniesbusinessoperationsmanagementskillsbringagreatdealofvaluetothemanagementteamofChevyrock.Ronniemanagedover10,000salesassociatesthroughoutNorthAmerica for a nationally recognized marketing services company During his tenure with the company he alsoAmericaforanationallyrecognizedmarketingservicescompany.Duringhistenurewiththecompanyhealsomanagedthedaytodayoperationsandwasheadoftheteamthatnegotiatedlogisticalcontracts.IntheoriginalminingoperationRonniewasputinchargeofdaytodayoperationsandoversaw6miningandmechanicalengineersandover300laborersforChevyrock.DuringhistenureinGhana,hebecameveryfamiliarwiththegeologicalattributesofthecountrywhichisagreatassetforChevyrock.Withthepriceofgoldbeingsoldatall

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    timehighlevel,RonnieisexcitedandreadytogetbacktoGhana.

  • ELIGONZALEZ BusinessConsultant:AnentrepreneurallhislifeElibringsover22yearsofrealworldbusinessexperience.Hisbackgroundinbanking,computersystems,andonlinemarketingplushispeopleskillsmakeshispresenceherepriceless.Eliwillbeheadingtheinformationandtechsideofthebusiness.Oneofhisprioritiesissettinginternetsystemsupsothatinvestorsarekeptuptodatewithallofwhatishappeningonthefieldandffi i i Gh d h U SofficeoperationsinGhanaandtheU.S..

    Transparencywithoperationsisessentialtotheinvestors,thusmakingElisdevotedpresencetrulypriceless.Itisourcontinuedintenttovideoanddocumentallaspectsofourextractionandprocessingofgold.

    FromtheEarthtotheMarket.

    WilliamJ.Beyer GovernmentAffairsManager:WilliamhasbeeninvolvedinGoldMininginGhana,Africasincetheearly1990's.WilliamsrelationshipswiththeGhanian governmet,mineralscommissionandlocalGhanian concessionairesisoneofthedrivingforcesbehindthesuccessofChevyrock GhanaLtd.'s miningoperations in Ghana With almost 20 years experience in mining in Ghana Africa William continues to exploreoperationsinGhana.Withalmost20yearsexperienceinmininginGhana,AfricaWilliamcontinuestoexplorenewconcessionsalongBirim RiverandoutlayinglandthathasahighlevelonGoldcontent.

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  • RonaldAnthony,ManagingDirectorChevyrock Engineering:AcommercialandindustrialProjectManagingEngineerprovidingtheexpertiseinroadbuilding,heavyconstructionsitemanagement,heavyequipment,watercontainmentprojects,andgeneralcontractingbothdomestically and internationally. Most notably Rons success in Ghana Africa where he fundeddomesticallyandinternationally.MostnotablyRon ssuccessinGhanaAfricawherehefundedanddevelopedtheproperinfrastructureforafullscaleminingoperationfrom1997to2001.Whengoldpricesdroppedandnevercameback,hewasforcedtoceaseoperationsandreturntotheU.S..Ronnevergaveupseekingtherightpartnersandassociatestosomedaymineagain.

    SincethattimegoodrelationshavebeencontinuedwithGhanasGovernmentandtheMineralCommissionPersonnel.Inlate2008whengoldpricesstartedtoclimbRoncontinuedhisquestbydevelopingapittestingprogramthroughthepresentdaywithBillBeyerintheAmbomsu areasof the Eastern Region of Ghana where a final decision was made to assemble a team of managersoftheEasternRegionofGhanawhereafinaldecisionwasmadetoassembleateamofmanagersandtechnicalpersonneltolookintofundingaproject,andacquirehighqualitygoldreserves.

    In2010,RonandJohnRaewereintroducedandtheyproceededtoarrangeaplantostartupprimegoldbearingconcessionswiththeassistanceofhispartnerDr.RobertGriffis whoresidesin

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    prime gold bearing concessions with the assistance of his partner r. Robert Griffis who resides inGhana.ByRoncontractingwithJohnRaeandDr.RobertGriffis,assurestheinvestorofaverycapableManagementandTechnicalTeamtodeveloptheproposedgoldminingoperations.

  • Chevyrock &GoldenRaeisfirstandforemostaminingandproductioncompanywithacommittedgoalofgeneratingstrongcashflowstoreturndividendstoitsshareholders.Ourintentistofundexplorationanddevelopadditionalgoldresourceprojectsutilizingtheprofitsearnedfrom the first of two projects as an option to expand. $10 Million USD will be needed.fromthefirstoftwoprojectsasanoptiontoexpand.$10MillionUSDwillbeneeded.Chevyrock isseekinga$22millioncommitmenttocapitalize2alluvialgoldminingprojectsasafirstoption.Option2istoreceive$10MillionUSDandstartIProjectandfundthe2nd withprofits.Basedonthedocumentedcurrentresources,theproductionofgold,over67years,fromthetwo projects will amount to over 468,000 ounces in gold. We see the potential to exploit thistwoprojectswillamounttoover468,000ouncesingold.Weseethepotentialtoexploitthislandfurtherandeasilydevelopatotalofover650,000ouncesingoldreservesthefirstyear.Attodayspricesforgold,US$1190perounce,revenuesgeneratedoverthe67yearscanamounttoUS$773millionusingthe1st optionasaprimarybasis. Average cash cost to mine the alluvial gravels the first year of operations will be under US $500AveragecashcosttominethealluvialgravelsthefirstyearofoperationswillbeunderUS$500perounceor$8.00/m3usingwelldeveloped,mobileandotheralluvialminingandprocessingmethods.Oncewehavethreewashplantsinfulloperationthecostwilldropto$350perounce.Pretaxnetearningsofthecombinedprojectsover67yearsattodayscommoditypricesofpotentiallyUS$580million.

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    potentially US$580 million.Explorationandacquisitionofadditionalpropertiesonprolificgoldanddiamondbeltstoaddfurtherminableandeconomicalluvialgoldanddiamondresourcesarepartofourplan.

  • Chevyrock andGhanaRaewilluseitswealthofexperienceinthegeologyofGhanat i d i t iti ttoacquireandreviewopportunitiesto:

    Expanditsminablealluvialresourcebasethroughpropertyacquisitionandexploration.ExpandupontheexplorationworkalreadycompletedbyNewmontonthebedrockmineralizationontheKibiPropertywithagoalofdefiningaworldclassresourceofinteresttoamajorsuchasNewmont.Investigate the potential for offshore deposition of gold in the deltas of GhanasInvestigatethepotentialforoffshoredepositionofgoldinthedeltasofGhana smajorriversystems.Explorationandacquisitionofadditionalpropertiesonprolificgoldbeltsfocusingonthebedrockmineralization.

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  • FormerlycalledtheGoldCoast.Independentconstitutionaldemocracy.MultiPartydemocracyrestoredsince1992.Populationof24millionwithalandareaof239,000km2. English Common & Customary Law in useEnglishCommon&CustomaryLawinuse.Competitivefiscalpolicyandincentivesforminingandmineralexploration.2.5millionouncesofgoldproducedperannumrepresenting42%ofexports.Miningfriendlyjurisdiction.Numerouslargescaleandsmalleralluvialgold mines in production.

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    goldminesinproduction.RankedasfastestreformingcountryinAfrica.

  • AllmineralresourcesaremanagedfortheGovernmentofGhanabytheMineralsCommission.Anew2006ActofParliament(Act703)governingfiscalissuesisinplacewiththemainhighlightsasfollows:

    25%corporateincometaxwithnoadditionalprofitstax.8%withholdingtaxondividendspaid.Capitalallowancesof75%for1stYearand50%ofbalanceforthefollowingyears.From3%to6%royaltypaidtotheGovernmentofGhanaonallgoldanddiamondsproduced.10%freecarriedequitystakeheldbytheGovernmentofGhanafornoconsiderationand no right of the Government to purchase additional equityandnorightoftheGovernmenttopurchaseadditionalequity.Stabilityagreementsenteredintoforperiodsofupto15yearstoprotectthecompanyfromfuturechangesinlawthatmightimposealargefinancialburdenonthecompany.MustbeapprovedbyParliament.

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    Exemptionsonimportdutiesandtaxesforminingplantandequipment.Upto75%retentionofproceedsfromsalesofmineralsinforeigncurrencies.

  • J h A R M i Di tJohnA.Rae,ManagingDirectorAge52andagraduateofHaileybury SchoolofMines,ProjectManagerandMineManageronseveralalluvialgold,diamondandsapphireprojects.ManagedoriginalexplorationanddevelopmentofalluvialdepositsinGhana,includingthealltheresourcedefinitionattheXtraGoldpropertiesandwhosemethodologyofresourceassessmentwasusedfortheoriginalresourceatthe Bonte Gold Mines and Kibi Goldfields properties in the late 1980s. John is considered a world expert in thetheBonte GoldMinesandKibiGoldfieldspropertiesinthelate1980s.Johnisconsideredaworldexpertinthedefinitionofalluvialgoldresourcesandhasconsultedworldwideinthisspecialty.

    JohnR.Moses,CEOAge56andaminingexecutivewithover30yearsinthestartupanddevelopmentofjuniorresourcecompanies.HeisadirectorofGileadPowerandMineralCorp.,Niskibi PowerandNiskibiCommoditiesCorp.,Winteroad MineralsCorp.andWabassi RiverResources.

    MichaelCawood,Director&ConsultantAge49,hasmorethan20yearsofdomesticandinternationalexperienceingoldexplorationandproduction,includingfieldandseniormanagementexperience.From1991to2004hewasminemanagerandthenmanagingdirectorfortheBonte GoldMineinGhana.Heoversawtheproductionofover400,000ouncesofgoldintenyearsatBonte.

    b iffi i h i l d iDr.RobertJ.Griffis,SeniorTechnicalAdvisorAge62andaseniorgeologistwithover40yearsintheexplorationanddevelopmentofmineraldepositsallovertheworld,predominantlyinWestAfrica.Dr.Griffis isresponsibleformanysignificantdiscoveriesanddevelopmentofseveralminingprojects.HecurrentlyresidesbetweenTorontoandGhanaandistheauthorofseveralgeologicalpublications,mostnotably,therecent Gold Deposits of Ghana released in 2002

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    recent GoldDepositsofGhana ,releasedin2002.

  • Atewa RangeareaofKibidistrictintheEasternRegionofGhana.

    LocatedontheKibiBelt.

    120kmnorthofthecapitalcityofAccra.

    AccessviatheNationalAccraKumasiHighway 2to3hourdrive.

    Pavedroadsandhydroelectricgridavailabletoconcessions.

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  • KibiGoldfieldsInternationalMiningLeasePinkBoundary(KibiGoldProperty/Project).

    XtraGoldResourcesCorp.MiningLeasesandProspectingLicensesRedBoundaries(XtraGoldProject).( j )

    AlluvialGoldResourceareashighlightedinyellow.

    AllconcessionsboundtheAtewa rangeofhills.

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    Atewa RangeareaoftheKibiBelthasalonghistoryofgoldproduction.

  • Consistsof1miningleasewithatotallandareaofapproximately50km2,heldbyKibiGoldfieldsInternationalLtd.aGhanaiancompany.

    Totalalluvialgoldresourcesof205,138ouncesatagradeof0.651g/m3in9.8millionm3ofgravelwithastrippingratioof0.82.

    Resource definition methodology used was that of GRMs managingResourcedefinitionmethodologyusedwasthatofGRM smanagingdirector,JohnRae,whobuilttheoriginalalluvialgoldresourceontheXtraGoldpropertiesinlate1980sandearly1990s.

    Noorganizedorsignificantminingoftheresourceshastakenplaceinthepastexceptsporadicsmallscaleattempts.

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  • TheKibiBeltisamuchnarrowergreenstonebeltthaneithertheAshantiorSefwi beltsbutithasmanyofthesamefeatures.Clearly,y y,theKibiBelthostsalargeresourceofbedrockgoldasevidencedbythewidespreadalluvialgoldthroughoutthearea.Itcouldwell be that substantial bedrock sources ofwellbethatsubstantialbedrocksourcesofgoldareyettobediscoveredintheareaandthismaybesimplyduetothelackofsystematicexplorationaswellasduetothepresenceofextensivealluvialcoverallalongthelowerslopesoftheRangeandinthenearbyvalleys.

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  • Implementtheenvironmentalpermittingprocessandreclamationbondpostingforcompletionwith23weeks.

    O d th t bil i l t d th i i t fl t ithOrderthetwomobileprocessingplantsandearthmovingequipmentfleetswithleadtimesof12months.

    Organizesuitablecampsiteformanagementpersonnelandbeginprocessofhiringg p g p g p gemployeesfortheminingoperation.

    Startgoldproductionfromthetwomobileplantswithin2monthsofthedateoffinance acquisitionfinanceacquisition.

    Developandrampuptothreewashplantseachwiththecapabilityofprocessing200tonsofgravelperhourwithinthefirst18months.

    18Summation:.60gramsx600tonsperhr.=11Troyoz./Goldperhr.Summation:.60gramsx600tonsperhr.=11Troyoz./Goldperhr.

  • TheKibiGoldfieldsminingleaseatOsinocoversanareaof50km2andafeasibilitystudybyMinproc Engineersintheearly1990s

    d d d d ti brecommendedadredgeoperationbeestablishedontheconcession.Financingwassubsequentlyarrangedforadredgedesignedandbuiltbyawellknownandreputabley pengineeringgroupinMalaysia.ThedredgewaseventuallyshippedtoGhanaandremainsonsitetothisday.Thefailureoftheplanwasmainly the result of a declining gold price inmainlytheresultofadeclininggoldpriceinthelate1990s andthefailureofKibiGoldfieldsforeign3partnerstoprovidesufficientequityfunds;thesepartners

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    subsequentlywithdrewfromtheproject.

  • Consistsof1Primarymininglease(KibiGoldfields)andseveralotherswithatotallandareaofapproximately120km2,allheldunderseparateleases.Totalalluvialgoldresourcesof200,000ouncesontheprimaryprojectandanother264 000 on 3 additional properties at a grade of 0 651g/m3 in 12 6 million m3 of gravel264,000on3additionalpropertiesatagradeof0.651g/m3in12.6millionm3ofgravelwithastrippingratioof0.82makesthisaveryfavorableprojecttoengagein.Kwabeng isthesiteoftheGoldenrae Miningoperationwhichcloseddownin2004duetolowgoldprices.Chevyrock andGoldenRae Miningwillworkonthisproject.XtraGoldrecentlyoperatedthisminewiththefloatingwashplantandrentalearthmovingequipmentforaperiodofapproximatelyayear.Itwasthenshutdownduetothehighcostofoperationandlowcorporatecommitmenttorockminingprojects. XtraGold is continuing with its hardrock exploration programs using itsprojects.Xtra Goldiscontinuingwithitshardrock explorationprogramsusingitsminecampasabaseofoperations.GRMsmanagingdirector,JohnRae,wasthegeologistthatbuilttheoriginalalluvialgoldresourceonthesepropertiesinlate1980sandearly1990sandisi ti t l f ili ith th d it lintimatelyfamiliarwiththeareaanditsgeology.

  • MiningatKibiallowedacomparisonofrecoveredgradesversusreserverejectedgradesbasedonthepitting.Thereappearedto be a fairly consistent pattern thattobeafairlyconsistentpatternthatdemonstratedthatintheupstreamareas,wherethegravelsandthegoldarecoarse,therecoveredgradeswereupabout1015%higherthanthereserveestimates.Asminingprogresseddownstreamandthegravelsandthegoldbecamefinergrained,therecoveredand estimated grades were very close. Since itandestimatedgradeswereveryclose.SinceitwasalsodemonstratedthatthewetminingmethodemployedbyGoldenrae almostcertainlyleftbehind510%ofthegold,it

    ld th t th ti t

    Theartoftestpittingisauniquewayoflearningthegradequalityandtheactualgoldgramspercubicmeterinthegroundbeforeanyoneattemptstoexcavate using costly heavy equipment. A test

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    wouldseemthattheresourceestimateswereatleast10%lowerthanactualgrades.

    excavateusingcostlyheavyequipment.Atestsurveyisamustinordertohavecompletesuccess.

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    Asyoucanseeabovetherearetwosurveymapsandachartwithtestpitresults.Thedepthofthegold,qualityandquantityiscarefullydeterminedwithactualgoldoreandmeasuredamountsofgravel.

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    Chevyrock Excavation&HaulingGravelsToTheWashPlant

    150YardPerHourWashPlant

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  • Kwabeng MiningLeaseOrderearthmovingequipmentfleetandupdatetheexistingXtraGoldreclamationplanandbond.R h bilit ti d i k t i ti fl ti l tRehabilitationandrepairworkstoexistingfloatingplant.

    Uponarrivalofearthmovingfleet(46months)startgoldproduction.Organizesuitablecampsiteformanagementpersonnelandbeginminingoperation.Pameng MiningLeaseg gImplementtheenvironmentalpermittingprocessandreclamationbondposting.Ordermobileprocessingplantsandearthmovingequipmentfleetswithleadtimesof68months. Start gold production from the two mobile plants within 12 months of the date ofStartgoldproductionfromthetwomobileplantswithin12monthsofthedateoffinanceacquisition.ApapamMiningLeaseAsproductionnearsitscloseonthePameng miningleasebeginenvironmental

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    permittingprocess.MoveequipmentfromPameng toApapam asitbecomesavailable.

  • $2.4milliongoldprocessingplantlocatedonKwabeng MiningLease.27,000ouncesofgoldproducedtodate.Fullyoperationalandawaitingearthmovingequipmentfleet. Rated at 150 m3/hr of gravelRatedat150m3/hrofgravelproduction.Designedspecificallyfortropicalalluvialgravels.ManufacturedbyIHCintheNetherlands.AvailablefromXtraGoldforUS$1million.

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    million.

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  • VolumeofGravel(m3)9,800,000 12,600,000 22,400,000

    KIBIPROJECT

    XTRAGOLDPROJECT TOTALS

    VolumeofOverburden(m3)8,006,600 10,279,000 18,286,500

    StripRatio .82 .82

    Grade(gAu/m3) .651 .651

    Gold(FineOunces) 205,138 263,749 468,887

    TheAmountOfGoldInAConcessionIsDeterminedByTheAmountofCubicMetersofGravelsThatAreWashedandProcessed.HereTestResultsActuallyShow.651gr.ofGoldOreIsFoundInEachCubicMeterOfGravel.22,400,000Cu.MetersofGravelX.651=14,582,400gramsof

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    GoldDividedByATroyoz.31.1034=468,887OuncesofGold.

  • Bonte GoldMinesLimitedoperatedtheBonte Minefrom1993toearly2004onitsEsaase andJeni miningleasesintheAshantiRegion.TheoriginalexplorationandresourcedefinitionprogramsborrowedthesamplingmethodologyfromGRMsManagingDirector,JohnRae,andwascarriedoutbyBontes Canadiangeologistinthelate1980s.Bonte wentontoproducejustover400thousandouncesofgoldfromtheBonte riversystemduringtheperiodfrom1993toearly2004.InformationonBonte isstillavailableatwww.sedar.comunderAkrokeriAshantiGoldMinesInc.,Bontes parentcompany.Bonte usedafixedlocationprocessingandrecoveryplantwhichincreasedorehauldistancesandcost.GRM&Chevyrock willusesmallermoremobileplantstoavoidthismistake.Productionlevelsoforethroughreachedover2millioncubicmetersannuallyattheBonteMine.Themining,productionandexplorationreconciliationexperiencegainedovertheyearsatBonteisnowapartoftheGRMteam.WhatChevyrock GhanaLTD.isproposinginthisplanhasbeendonebefore.

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    Withtheadditionofthe2Bonte managers,Chevyrock hasthecompleteteamofgeologists,productionandmanagementpersonneltomakethisbusinessplanasuccess.

  • Nonmobile,alluvialgoldprocessingplantoperationalfrom1999to2003.Productioncapacityof300m3/hourandover2millionm3perannumwith75%

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    availability.ManagementpersonnelthatputthisoperationtogetherispartoftheGRMmanagementandtechnicalteam.

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    RevenueAtUS$1190GoldPrice$41,795,180$57,950,620$81,661,370$77,693,910 $54,805,450

  • Investorswillhavetheopportunitytobeexposedtodividendsfromveryprofitablegoldoperations.Diamondshavenotbeenincludedintherevenueforecastsatthistime.Repaymentofinitialcapitalinvestmentfrom75%oftheprofitsfromthethreeprojects. Upon recouping of initial investment the investors will retain 49% with theUponrecoupingofinitialinvestmenttheinvestorswillretain49%withtheexistingmanagementshareholdersretaining51%.RiskisspreadovertwoprojectsinseparatelocationsintheEasternRegionofGhana.InvestorswillbeinvestingwithahighlyskilledandexperiencedmanagementgroupwithaprovenrecordofproductioninGhanaatthecontemplatedlevels.InadditionthemanagementgroupincludesworldclassexplorationandgeologicalpersonnelwithmanyyearsofexperienceinGhanaandaroundtheworld. Gold prices have NEVER been higher on such a consistent basis.Goldpriceshave NEVERbeenhigheronsuchaconsistentbasis.Exposuretotheupsidepotentialofsignificantgoldtargetsandresources.ExposuretothefutureconceptofoffshoregoldresourcesinthedeltasofGhanasmajorriversystems.

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    TODAYSMARKETPRICEFORGOLDIS$1,190USD

  • TheKibiGoldfieldsconcessionisaminingleaselocatedontheNEflankoftheAtewaRangeandincludesthetownsofOsino andSaaman (alsoSamang);itcoversapprox.50km2.Theoriginalleaseexpiredanditwasrenewedin2007for5yearswhichisvaliduntil September 2012 and can be reneweduntilSeptember2012andcanberenewedatthattimeorearlier.

    TheMos MiningreconnaissanceconcessionislocatedjustnorthofthetownofKibi;itwasconferredveryrecentlyandcoversanareaofabout21km2andthe license is valid until 05th January 2012.

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    thelicenseisvaliduntil05 January2012.

  • Aninvestmentofaminimumof$10MillionUSDwithCHEVYROCKwillbeanexposuretostrongcashflowsderivedfromexistingalluvialgoldanddiamondresourcesinoneoftheAfricasmostprogressiveandminingfriendlycountries.IfyoubelievethatthepriceofgoldisgoingtoremainatorexceedcurrentlevelsthenCHEVYROCKisthecompanytoinvestin,withitsfasttrackproductiontargets.Thefuturediamondprojectisimmenselycaptivatinginthatitproducesmostlyindustrialdiamondswhichthereisastrongmarket.WeeventuallywillbeatwoCommodityOperation.TheKibiexplorationprojectprovidessomerealupsideforthediscoveryofanotherworldclassgoldresource,sonecessaryforthemajors,inacountrythatisaprolificproducerofsuchsingleresourcesandthathostssomeoftheworldslargestgoldcompanieswithahugeinterestinGhana.NottomentionHolidayInnandHiltonwhoareunderwaywith2majorhotels.TheconceptoftheoffshoregoldindeltaicsedimentsofGhanasrivers,washedouttoseaduringtheperiodofthebiblicalfloodsapproximately10,000yearsago,isoneworthinvestigatinggiventhepotentialmassofgoldthatcouldbehostedinsuchsediments.Lastly,aninvestmentwithChevyrock willbewiththepeoplethathavetheexperience,skillandintegritytomakealltheprojectswork,buildstrongfuturevalueandprovideagoodreturn

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    toshareholders.

  • InformationreceivedviaGhanaRaeGoldandChevyrock Engineering,LLC

    Ron Anthony Managing DirectorRonAnthony,ManagingDirector2338ImmokaleeRoadSuite157

    Naples,Florida34110

    239.776.5693Fax:[email protected]

    www chevyrockengineering comwww.chevyrockengineering.com

    RonAnthonyPresentsTHECERTIFICATEOFAUTHORANDPROJECTSCOPEOFCHEVYROCK

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    ENGINEERING,LLCANDCHEVYROCKGHANA,LTD.