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A Russian Metals Company Far East Exploration Opportunities

A Russian Metals Company Far East Exploration Opportunities. Ticker Symbol: AMC.L. Opportunities Exist. The Region Is Vast, Under Explored And Undeveloped Remote Historical Lack Of Funds For Exploration Exploration And Production Projects Are Available In Different Forms

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A Russian Metals Company Far East Exploration Opportunities

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  1. A Russian Metals Company Far East Exploration Opportunities Ticker Symbol: AMC.L

  2. Opportunities Exist • The Region Is Vast, Under Explored And Undeveloped • Remote • Historical Lack Of Funds For Exploration • Exploration And Production Projects Are Available In Different Forms • Success Requires A Highly Defined Approach With Defined Objectives • The Competition Is Intense And There Will Be Competition On All Levels • Staying Power Both Financially And On A Long Term Basis

  3. Target Audience Western Companies Unfamiliar With The Russian Federation Looking For Background And An Understanding

  4. The Far East - Licence Locations Kun-Manie Nickel, Copper Kun-Manie Nickel - Copper Kustakskaya Nickel, Copper Anadjakan Copper, Gold Slide 3

  5. Key Considerations Before Committing Financial Administrative Commodity Infrastructure Licence Considerations Partner Relationships Service Availability

  6. Financial Considerations Deep Pockets, It Is Not Inexpensive Support Services Are Presently Limited And At A Premium Mobilisation Geophysics Drilling Analytical Transportation Qualified Staff Two Standards Are Present Federation Ministry/Agency And Accounting Requirements Western Information Flow, Financing And Accounting Duplication Of Costs Will Be Incurred To Meet Both Needs Western Reporting Versus Russian Regulations

  7. Administrative Consideration Time, Language, Culture And Distances No Short Cuts Or Quick Fix’s Protocols And Procedures Are Cast Russian Partnerships Are Helpful Federation And Local Ministry Contacts Must Be Developed And Maintained Difficult To Attain A Full Understanding Personal Communications Long Lead Time And Excellent Planning

  8. Commodity And Operational Configuration Infrastructural Support Access Power Transportation Supply And Support Of An Operation Product Delivery And Sale High Grade And/Or Very Large Nearby Transportation

  9. Licence System And Considerations Exploration (Awarded Directly If No Other Interest) Five Years Opportunity To Extend Convert To A Production Licence Resource Registration Obtaining The Mining Licence Obtaining Mining Permits And Approvals Exploration Production Licence (Via Auction) 20 To 25 Years Resource Registration Mining Permits And Approvals Lengthened Lead Times Reporting Requirements Terms, Conditions and Performance Requirements Ownership By A Russian Company Transferability, Can Be Difficult

  10. Partner Relationships Acquisitions Of Existing Projects Or Operations Ownership By A Russian Company Establish Partnership By Ownership Of The Russian Company Provides Existing Contacts Possible Support Within The Local and National Ministries Know The Terms Of The Licence Financial Audits Of The Companies, Dig Deep, Very Deep

  11. Service Support Availability Less Costly Than Elsewhere, Incorrect Perception Contract Rig Shortage Alternatively, Buy And Import Complications At Importation, Primarily Lack Of Understanding Of Importation Regulations Delivery To Project Site Air Supported (Limited Quality Companies) Analytical Services, Improving Geophysical Support, Limited Personnel, High Demand Already Exists Distances Samples and Core Handling Camp Or Operational Supply And Support Weather

  12. Kun-Manie As An Example Large upside remains with further planned drilling in 2008/2009 Undrilled – strong exploration potential Partial drilling – large upside remains Drilled – limits defined Slide 11

  13. Kun-Manie Overview Large nickel/copper sulphide project - cobalt present SRK Consulting resource estimate 341,000t Ni & 95,500t Cu 6 zones identified, 3 contain all measured and indicated resources (18,000 meters drilling to date) Drilled resources are open pit mineable Pre Feasiblity Study Completed Slide 12

  14. PFS Economics Sunk Project Costs To Date: Approximately 18 Million USD Total Drilled Meters: 18,000 Meters All In Cost Per Meter: $1,000 Per Meter 4.0 MTPA Ore Production With 16,000 TPA Nickel Production Projected Cost To Access Project: 40% Of Total Initial Capital Cost Slide 13

  15. Kum-Manie Geological Resource Summary Independent Resource Estimate (Prepared in accordance with JORC Protocols)

  16. Remaining Near Term Work Complete Registration Of Resource With GKZ File For Conversion Of Exploration Licence To Production Licence Establish Final Operational Configuration Resources And Mine Plans Metallurgical Testwork Finalize Process Design Continue With Environmental Reviews And Base Line Definitions Detailed Infrastructure Access To Be Undertaken Obtain All Necessary Permits To Mine In The Federation Obtain All Necessary Studies To Allow Western Financing Continue To Explore, Substantial Potential Remains

  17. Contacts • Bankside Consultants • Michael Padley / Louise Davis • +44 (0)20 7367 8888 • michael.padley@bankside.com • Fox-Davies Capital • Joint Broker • Daniel Fox-Davies • +44 (0) 20 7936 5200 • daniel@fox-davies.com Amur Minerals Corporation Robin J. Young, CEO rjyoung@amurminerals.com David F. Wood, CFO dwood@amurminerals.com +7 495 629 4418 +7 4212 734 301 RBC Capital Markets Nominated Advisor & Joint Broker Andrew Smith +44 (0)20 7029 7882 andrew.smith@rbccm.com

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