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Experienced team endless opportunities

Not Just Another Exploration Story

Experienced Team, Endless Opportunities

Experienced team endless opportunities

Forward-Looking Statements – Certain statements included in this presentation are forward-looking statements which are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Company’s future plans, objectives and goals, including words to the effect that the Company or management expects a stated condition or result to occur. When used herein, words such as “estimate”, “expect”, “believe”, “intend”, “budget”, “plan”, “projection”, “progressing”, “strategy”, “outlook”, “will”, and other similar expressions are intended to identify forward-looking statements. In particular statements relating to the estimated future metal prices, cash flows, expenses, capital costs, ore production, mine life, financing, construction and commissioning are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond our control, that may cause actual results or performance to differ materially from those currently anticipated in such statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include among others metal price volatility, changes in the US/CDN dollar exchange rate, economic and political events affecting metal supply and demand, fluctuations in ore grade, ore tonnes milled, geological, technical, mining or processing problems, future profitability and production, availability of financing on acceptable terms and unexpected problems during the development, construction and start-up phases of the underground mine. For a more comprehensive review of risk factors, please refer to the Company’s most recent Annual Report in Form 40-F/Annual Report under “Management’s Discussion and Analysis of Financial Results” and Annual Information Form under “Risk Factors” on file with the U.S. Securities and Exchange Commission and Canada provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on these forward-looking statements. Descriptions of mineral reserves and resources estimates included herein under Canadian standards may not be comparable to similar information made available by U.S. companies subject to reporting and disclosure requirements of the United States Securities and Exchange Commission. See “Mineral Reserve and Resource Estimate – Note to U.S. Shareholders” in the Annual Report in Form 40-F.

The presentation has been prepared by management of Metals Creek Resources, and does not represent a recommendation to buy or sell these securities. Investors should always consult their investment advisors prior to making any Investment decision.

Experienced team endless opportunities

  • Partnered with two World Class Gold Miners in Goldcorp & Kinross

  • Managed by experienced team with proven track record

  • Excellent exposure to Gold with advanced gold projects in both Newfoundland and Ontario

  • Advanced Gold and Copper prospects with resources, past production and ore grade intersections near existing infrastructure

  • Focusing on productive camps Timmins, Tilt Cove with a balance of grassroots and advanced projects

  • Presently low market cap

  • Mining friendly jurisdictions in Ontario and Newfoundland & Labrador

Experienced team endless opportunities

4 Kinross

Experienced team endless opportunities

  • Metals Creek has signed an Option Joint Venture (Nov 24/08) with Goldcorp to earn 50% in Ogden Property for work expenditures of $3.1M and cash and shares totalling $460,000 over 4 years

  • Significant exploration potential in and around mine workings with drilling mainly focused on resource area

  • Metals Creek actively exploring 8 km of the Prolific Porcupine-Destor Break

  • Currently drill ready targets with ORE GRADE INTERSECTIONS and still open down plunge. Excellent opportunity to build on these intersections and work towards a NI-43-101 compliant resource

  • Partnered with World Class Gold Producer

Experienced team endless opportunities

  • Between 3 and 8 km to the east along strike, gold production exceeds 22 million oz from six mines. This includes the 16 million oz plus Dome Mine & Mill complex owned by Goldcorp

  • Lake Shore Gold, located 10 km on strike to the west has initiated gold production with an Indicated Mineral Resource of 1,291,000 oz (Source: NR, TSX:LSG, Nov. 20, 2006)

  • Naybob property has similar style mineralization, grade and widths as Lake Shore

  • Property hosts a historic non 43-101 resource of 1Mt @ 4.12 g/t Au

  • Work in the shadow of Head Frames in a World Class Gold Camp

Experienced team endless opportunities

Ogden North Zone Longitudinal exceeds 22 million oz from six mines. This includes the 16 million oz plus Dome Mine & Mill complex owned by Goldcorp

  • Existing infrastructure

  • Excellent drill target with ore grade intercepts open down plunge including 4.12m of 12.13 g/t, and 4.88m of 9.53 g/t Au

  • Existing resource of 1Mt

  • Development down to 403m

  • Excellent potential for resource expansion


Experienced team endless opportunities

Ogden - JV with Goldcorp Inc. exceeds 22 million oz from six mines. This includes the 16 million oz plus Dome Mine & Mill complex owned by Goldcorp

  • Exploring for Gold along the Porcupine-Destor Break

Experienced team endless opportunities

Ogden - JV with Goldcorp Inc. exceeds 22 million oz from six mines. This includes the 16 million oz plus Dome Mine & Mill complex owned by Goldcorp

  • Limited exploration for gold along highly prospective stratigraphy

Experienced team endless opportunities

  • The data compiled thus far on the Property has identified 3 historic zones of gold mineralization, including the Thomas Ogden Zone, the Naybob South Zone and the Naybob North Zone

  • Deep drill target down plunge from known mine workings including the following drill intersections: (Naybob North Zone)

    • 4.88m @ 9.53 g/t Au

    • 4.12m @ 12.13 g/t Au

    • 1.37m @ 24.00 g/t Au

    • 1.07m @ 6.61 g/t Au

  • These drill intercepts are open down plunge and provide an excellent opportunity for the “Corporation” to build upon these promising results

  • Drill intersections not mined on upper levels

    • 1.52m @ 13.71 g/t Au

    • 1.98m @ 10.22 g/t Au

    • 0.61m @ 58 g/t Au

    • 3.34m @ 8.01 g/t Au

Experienced team endless opportunities

Naybob South Zone historic zones of gold mineralization, including the Thomas Ogden Zone, the Naybob South Zone and the Naybob North Zone

  • The Naybob South Zone also provides an excellent exploration target with historic results including down hole intercepts of 5.37m of 6.33 g/t Au and 1.83m of 11.85 g/t Au

  • This exploration target remains open at depth and to the east with a coincident IP (induced polarization) ground geophysical anomaly

  • Results from the Thomas Ogden Zone also include a down hole intercept of 2.4m of 5.7 g/t Au

  • The Ogden Property will be drill ready within one month

Experienced team endless opportunities

  • Option Joint Venture with Endurance Gold to earn 75% interest on the Dogpaw property in the Cedartree Area

  • $450,000 over 2 years work expenditures (Completed)

  • Share distributions of 450,000 over 2 years (Completed)

  • 23 unpatented claims, 4400 hectares

  • Prospective IP chargeability anomalies with associated gold mineralization up to 23 g/t within a sericite schist

  • Multiple surface showings with grabs up to 95 g/t

  • 12 km on strike from Cameron Lake Deposit, recently announced purchase of 700tpd mill for Cameron Lake

Experienced team endless opportunities

  • Significant land position within Cedartree / Cameron Lake gold play

  • Completion of recent prospecting program within the Stephens Lake stock resulting in 27 percent of the samples assaying over 1 g/t Au

  • Discovery of 3 new Gold showings within the Stevens Lake Stock with assays up to 18 g/t Au

  • In one of the new discoveries, exposed mineralization is found to be approximately 10m in width on surface with assays ranging from 2.1 g/t Au to 18.56 g/t Au from 7 samples

  • Strongly Carbonatized North South Structures, approximately 5o meters wide, with associated pyrite mineralization.

Experienced team endless opportunities


Experienced team endless opportunities

MEK has controlling interest in 143 claim units (3565 hect) in the Tilt Cove area of Newfoundland including:

An option to earn a 100% interest in the Tilt Cove Mine property

An option to earn a 100% interest in the Betts Cove Mine property

An option to earn a 60% interest in Paragon Mineral’s Long Pond Project

Three MEK staked claim blocks

Claims cover a portion of the Betts Cove Ophiolite Complex which hosts two Cu-Au past producers at Tilt Cove and Betts Cove and is adjacent to the Nugget Pond Gold Mine and Mill. The mill is still operating.

Experienced team endless opportunities

Also host to new PGE discovery with grades up to 11.4 g/t Palladium, 3.0 g/t Platinum and 0.93% Nickel

The Copper Deposits are hosted by ocean floor ultramaficvolcanics and are characterized as “Cyprus-type” mineralization

MEK recently completed Airborne AEM-MAG (Geotech VTEM) over project area including the Betts Cove and Tilt Cove Deposits

Future work include, further prospecting, soil sampling and ground geophysics over new PGE discovery. Drilling expected in 2009 when targets have been identified and prioritized

Significant Gold - Copper PGE land package


Tilt cove continued
Tilt Cove Continued… Palladium, 3.0 g/t Platinum and 0.93% Nickel

  • Betts Cove

    • Historic production of 118,500 tonnes @ 10% Cu

    • Recent sampling up to 10.0 g/t Au and 18.3% Cu

    • NEW PGE DISCOVERY within Late gabbroic intrusions with values from 3 samples ranging:

    • 6.6 to 11.4 g/t Pd, 1.15 to 3.0 g/t Pt, up to .155 g/t rhodium

    • 0.93% to 1.86% Cu, 0.25 to 0.93% Ni and 0.04% Co.

  • Paragon Option

    • George Showing up to 315.1 g/t Au (9.20 oz/t)

    • Long Pond showing up to 71.5 g/t (2.09 oz/t)

    • Nudulama Zone up to 4.58 g/t Au and 8.7 % Cu

Tilt cove continued1
Tilt Cove Continued… Palladium, 3.0 g/t Platinum and 0.93% Nickel

  • Tilt Cove

    • Had historic production of 8,160,000 tonnes of Cu ore,

      @ 1-12% Cu(1957)

    • Evaluated mainly for Base Metals, limited assaying for Au. MEK initial prospecting had results from surface grab samples up to 69.39 g/t Au and 10.4% Cu

    • Recent sampling of massive magnetite zone returning assays of 13.2 and 6.5 g/t Au. New target

    • Historic non 43-101 resources listed on the property includes:

      • 1Mt @ 1.00 % Cu at the Cliff Zone

      • 80,000t @ 2.06 g/t Au at the Waste Dump

Experienced team endless opportunities

Tilt Cove Project Compilation Palladium, 3.0 g/t Platinum and 0.93% Nickel

Experienced team endless opportunities

Tilt Palladium, 3.0 g/t Platinum and 0.93% NickelCove


  • Multiple NEW surface GOLD showings

  • Existing Copper Resource with associated gold credits

  • Existing resource of 1Mt

  • Local infrastructure

  • Excellent potential for resource expansion


Experienced team endless opportunities

Betts Cove Palladium, 3.0 g/t Platinum and 0.93% Nickel


  • Multiple Gold Copper Occurrences

  • New PGE discovery with assays up to 11.4 g/t Pd, 3 g/t Pt

  • Area not explored historically for PGE’s

  • New exploration model

  • Excellent exploration potential


Experienced team endless opportunities

  • MEK to earn 100% interest by paying prospectors $95,000 and 250,000 MEK shares over three years

  • Past work has identified three gold showings with values up to 65 g/t Au

  • The Main Showing at Wood Lake consists of disseminated arsenopyrite and pyrite within a wide, altered (silica, albite, sericite) felsic porphyry

  • Good potential for High tonnage, lower grade deposit

  • Two holes within South Wood (Main) Zone had 1.47 g/t Au / 22.5m and 0.23 g/t Au / 52.9m (only two holes in this zone, Open in all directions)


Experienced team endless opportunities

  • Wood Lake Zone is outlined as a magnetic low, greater than 1000 meters long and is open in all directions

  • Regionally the mineralization is coincident with a splay off the Cape Ray Fault, which hosts 400,000 oz of gold in a number of deposits

  • Work has started and will include detailed magnetics, soil geochemistry, channel sampling and geological mapping. Drilling will commence this fall/winter

  • Recent prospecting resulted in discovery of 196.7 g/t angular quartz vein float containing pyrite and arsenopyrite

Experienced team endless opportunities

Staghorn Magnetics 1000 meters long and is open in all directions

Experienced team endless opportunities

  • Ogden 1000 meters long and is open in all directions

    • Model geology & mineralization

    • Prioritize drill targets

    • 2000 meter drill program spring/summer

    • Budget/ $400,000

  • Dogpaw

    • Line-cutting & Geophysics over new gold discoveries –spring/summer

    • Budget/$ 100,000

  • Tilt Cove Project Area

    • Line-cutting & Geophysics Spring/summer

    • Model Cliff Zone Resource

    • Budget/ /$150,000

  • Staghorn

    • Compile results from soils, mag and regional prospecting

    • Drilling on the Main Zone

    • Budget/ $231,500 ($100,000 JCEAP)


Experienced team endless opportunities

Investor Information 1000 meters long and is open in all directions

As of April 01, 2009

Market cap……………..Cdn$3.9 million

Trading symbols………TSX:V – MEK

Shares Fully Diluted....35.31 million

Issued and Outstanding…25.78 million

52 week high….. …………..Cdn$0.395

52 week low…………….Cdn$0.004


Experienced team endless opportunities

  • Alexander Stares, President and CEO 1000 meters long and is open in all directions

  • Wayne Reid, VP Corp. Development & Director

  • Michael MacIsaac, VP Exploration

  • Nick Tsimidis, CFO & Director

  • Mick Stares, Director

  • Denis Arsenault, Director

Experienced team endless opportunities

Alex (Sandy) Stares, 1000 meters long and is open in all directions

President & CEO

Mr. Stares has in excess of 12 years experience in mineral exploration, spanning a variety of Canadian geological terraines. Prior to forming his own Contracting Company – Stares Prospecting Ltd., as of 2007, he has worked with Rubicon Minerals, Inco, Freewest Resources of Canada, New Millennium, Lac Des Isle Mines, and Noranda. Mr. Stares was one of the recipients of the PDAC “Bill Dennis Prospector of the Year” Award in March 2007, which was awarded to members of the Stares/Keats family.

Michael MacIsaac,

VP Exploration

Mr. MacIsaac brings over 20 years of exploration and management experience. Mr. MacIsaac received his B.Sc from Lakehead University and has a Professional Geoscientist (P.Geo) designation from the Association of Professional Geoscientists of Ontario. His vast experience entails both grass roots and advanced projects across Canada, in gold, base metal and PGE environments. This experience includes base metal exploration with Noranda Exploration , Gold exploration in the prolific Hemlo and Red lake Gold Camps and PGE exploration for North American Palladium , where he held position of Exploration Manager. Instrumental in the discovery of the Offset Zone (16MT) at the Lac des Iles Mine site.


Experienced team endless opportunities

Wayne Reid, VP Corporate Development & Director 1000 meters long and is open in all directions

Mr. Reid has in excess of 30 years experience in exploration and mining geology. Mr. Reid was instrumental in the discovery of the Brewery Creek Gold Deposit in the Yukon Territory and the Boundary Massive Sulphide Deposit / Duck Pond Mine in Central Newfoundland.  His experience includes gold, base metal and uranium exploration in most geological environments in North America.  He has over 20 years with Noranda / Hemlo. Also, he has over 10 years in the Timmins camp with Echo Bay Mines, as Canadian Manager and Exploration Manager with

St Andrew Goldfields. Most recently he was VP Exploration for Ucore Uranium.

Nick Tsimidis,

CFO & Director

Mr. Tsimidis has been a sole proprietor chartered accountant since 1993, and has extensive experience in the public markets. Mr. Tsimidis obtained his C.A. designation in 1989 and articled at KPMG. He continues to service publicly traded companies in the areas of finance, financial reporting and special projects such as NSP Pharma Corp, Outlook Resources, and RTICA Corp. Since February, 2005, Mr. Tsimidis has served as Chief Financial Officer of First Canadian Capital Markets, a limited market dealer.