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Long Term Gold Exploration in Ecuador’s “Gold Province”, El Oro.

ODIN MINING & EXPLORATION Ltd. . Long Term Gold Exploration in Ecuador’s “Gold Province”, El Oro. Corporate Presentation. March 2012. Forward Looking Statements .

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Long Term Gold Exploration in Ecuador’s “Gold Province”, El Oro.

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  1. ODIN MINING & EXPLORATION Ltd. Long Term Gold Exploration in Ecuador’s “Gold Province”, El Oro. Corporate Presentation March 2012

  2. Forward Looking Statements Forward-looking statements relate to future events or the anticipated performance of the Company and reflect management’s expectations or beliefs regarding such future events and anticipated performance. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”, or the negative of these words or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include risks related to failure to define mineral resources, to convert estimated mineral resources to reserves, the grade and recovery of ore which is mined varying from estimates, future prices of gold and other commodities, capital and operating costs varying significantly from estimates, political risks arising from operating in Ecuador, uncertainties relating to the availability and costs and availability of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, uninsured risks and other risks involved in the mineral exploration and development industry. Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that described in forward-looking statements, there may be other factors that cause its performance not to be as anticipated. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this presentation and the Company does not intend, and does not assume any obligation, to update these forward-looking statements. Daniel Noone, a member of the AIG and Director of the Company, as the Qualified Person in accordance with National Instrument 43-101 , is responsible for the technical information in this presentation.

  3. Why Odin Mining ? Cangrejos Project – Historic Potential • 1999 Discovery Holes by Odin’s JV partner, Newmont • C99-14 (TrincheraMineralized Trend) 192 m at 1.57 g/t Au from 14 m downholedepth • C99-18 (PalomaMineralized Trend) 119 m at 1.12 g/t Au from 130 m downhole depth Ongoing Exploration Program • Broad zones of mineralization intersected at Casique (see p.10) • 3 new drill targets; Capitan, Estero Zapato, Dos Bocas (see p. 11) Experience • Executive team and Board substantial experience in gold exploration / production, 25 years+ independent corporate / commercial leadership Nearby recent mineral discoveries (see p. 5) • Quimsacocha, Mirador, Fruta del Norte First Class Logistics • 40km to commercial port of Puerto Bolivar, 30km to Machala • 8km unfinished road from Cangrejos site to local government – maintained highway, to be upgraded Q2/Q3, 2012 • Power to camp from Ecuador national grid Near Term Odin Value Generation • Approx. 4200m of drilling completed by end Q1 • 2nd drill program in formal regulatory application stage • Trinchera & Paloma trends proving open along strike and at depth Significant potential to host a large bulk mineable gold resource

  4. Highly Prospective Geological Setting Geology: • Deep level high grade Au/Cu porphyry • Miocene intrusive complex 17 km in diameter emplaced into Mesozoic metasediments and Tertiary volcanics • Mineralisation comprised of large low grade porphyry intruded by later high grade porphyry stocks. • Dilational jog along Northwest regional trend where Northeast trending Arc-normal structure intersects • Located near major N/W and regional N/S basement structure • Structural setting similar to that in major mineral districts in Northern Peru; Yanacocha (80 million Oz Au) and Lagunas Norte districts

  5. Recent Discoveries and Current Producer in Southern Ecuador • Fruta Del Norte – Kinross • 11 Moz, Au • Quimsacocha – IAMGold • 1.7 Moz, Au • Mirador – Ecuacorriente • 10B lbs, Cu & 4.5 Moz, Au • Panantza – Ecuacorriente • 14B lbs, Cu • Rio Blanco – IMZ • 1 Moz, Au • Dynasty Minerals • 3 discoveries and production is to increase • Cangrejos – Odin • Multimillion oz Au potential

  6. Regional – Andean Trend • Regional major N/S basement structures • Dilationaljogs occur where NW Andean trend is intersected by major Arc-normal NE structures • Apparent periodicity 150km between major mineral districts along Andean trend • Zaruma / Cangrejos intrusive complex approx. 150km from Rio Blanco

  7. Current Targets: Trinchera / Paloma Trinchera / Paloma • N/E trending Au / Cu reporting in potasically altered diorites and andesites within a 17km diameter intrusive complex • Open along strike & at depth. • Current dimensions, 500m x 400m x 250m (deep) (see map, p.7) • 17 holes completed and reported: El Joven J.V 13 holes (1999/2000) • C99-01, 02, 03, 13, 14, 15, 17, 18, 20, 21 • C00-24, 27 Odin 4 sets of assays available on holes to date (2011/12) • C11-30,31, 32, 33 • Assays for additional 7 holes to report, expected April 3, 2012

  8. Current Targets: Trinchera / Paloma • All 13 JV holes (1999-2000) - C99-01, C99-02, C99-03, C99-13, C99-14, C99-15, C99-17, C99-18, C99-20, C99-21, C00-24, C00-27, C00-28 • 4 Odin announced holes (2011) • C11-30 • C11-31 • C11-32 • C11-33 • (assays awaited on 7 more holes by April 3, 4250m drill program ongoing)

  9. Trinchera / Paloma: Cross Sections

  10. Current Targets: Casique • Gold soil anomalies developed in association with NNE, NW and N trending structural lineaments • Largest anomaly strikes NW and measures 600 m x 50-100 m • Newmont drilled one hole (C00-29) with an intersection of 22 mat 2.6 g/t Au. • Odin has drilled seven further holes to date (C11-34,35; C12-36,37,38,39,40) assay results expected by early April, 4 to 5 more holes results expected in May

  11. New Target Areas & Ongoing Exploration • Capitan (N.W. Casique) • Coincident Au & Cu in soil anomaly • Along NW trend from Casique • Estero Zapato • Coincident Au, Cu , As in soil anomaly • Discrete 500m by 300m anomaly • Dos Bocas • 1km along trend from Casique • Large gold in soil / bedrock anomaly • 1.5km by 500m • Major Soil Sampling Program Ongoing • Ridge and spur soil program over western & southern parts of concession area

  12. Drilling vs. Gold - In - Soil Anomalies • Historic Newmont Drilling in JV • Drilled 1999-2000 • Concentrated on Paloma - Trinchera Anomaly • Current Drilling • Phase 1 campaign completed Q4 2011 – Q1 2012 (to confirm and detail Trinchera/Paloma trend) • Phase 2 campaign ongoing through 2012 • Additional drill targets focused on multimillion oz conceptual targets incl. • Capitan • Estero Zapato • Dos Bocas • Proposed Phase 3 • Tadao • Pena del Gallo/Casique

  13. Cangrejos – formerly part of Odin Newmont JV (“El Joven”) in El Oro Background • 1993/4 Odin traced source of Biron alluvial to Cangrejos area, stake Cangrejos“patentes” • 1994 Newmont entered into JV with Odin • 1999 – 2000 Newmont drilled two discovery holes on “Cangrejos” land (C99-14; C99-18) • 2000 – 2001 Ecuador economic, social, political collapse – Newmont exited all Ecuador involvement • 2003 – 2008 Odin pieced back main area of concessions in old Newmont/Odin area • 2005 – 2008 negotiations with adjacent owners of rights in most prospective areas • Ecuadorian exploration moratorium announced April 2008, affects all exploration and exploitation (except any “grand-fathered” issued licenses) • Dec 2010 Odin refinances by private placement, US$2.8M • Final Ministry approval of Odin’s drill program, September 2011, commenced October 2011 • Cash as at March 30, US$1M

  14. Corporate Overview

  15. Experienced Board and Management *1Based Ecuador *2Based Canada *3 Based outside Canada/Ecuador (* See website for more complete bios)

  16. On-site Infrastructure Puerto Bolivar – February 2012 (near Machala, El Oro Province) Potassically altered porphyry

  17. Summary • Why choose Odin in Ecuador? • Located in “El Oro” Province • Potential for multiple million ounce deposits • Early stage drilling already identified three separate gold zones • Mineralization open at depth and along strike (Trinchera, Paloma, possibly Casique) • Three new targets (Capitan, Estero Zapato & Dos Bocas) have large identified geochem footprints (by Odin) • Excellent logistics; close to infrastructure of ports and roads • Experienced team, 6 geos (plus support staff) , some with over 25 years of “in-country” Ecuador experience • Why Ecuador now? • No great mines since Zaruma/Portovelo days • Political environment appears similar to Peruvian/Chilean dormancy in 1980’s and 90’s, followed by rush of discoveries, when Peru/Chile stabilized, and opened to foreign investment • Potentially on cusp of new era in Ecuador • New mining laws intended to create transparency • 5 years stable government in Ecuador • Government bringing mining laws and state share of profits in line with other South American countries (aggregate total taxation expected net to the State 51% to 55% of economics of any project as a condition of issue of final exploitation license) • 3 Major discoveries Au and Cu, in last 7/10 years: • Iamgold (Quimsacocha) • Kinross (Frutadel Norte) • Ecuacorriente (Mirador)

  18. Appendix Castro Deal Structure – North East Cangrejos (focus of current drill program) 100% interest – installment payments subject to Odin’s exclusive satisfaction with drill results at time any payment falls due. Results to date justify Odin’s current intention to exercise. 2 concession areas; Casique, Las Canarias – 100% interest of all Castro concessions formerly part of Odin/Newmont JV (over approx. 500 hectares), including surface rights to ownership of some 160 hectares. Purchase price - $2,000,000 cash, $500,000 Drill Program commitment. NB: No shares or warrants in the purchase price (see payment schedule below).

  19. FOR MORE INFORMATION, PLEASE CONTACT: Stephen Stow, President & CEO Daniel Noone, Director Mauricio Ledesma, Executive Director 1500 – 1055 West Hastings Street, Vancouver, BC V6E 2E9 Tel: 604 888-4505 Fax: 604 888-6622 Email: odinmine@odinmining.com Website: www.odinmining.com

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