Slide 1: Corporate Presentation – Precious Metals Summit, September 2011
TSX-V: BSX The LARGEST developing GOLD PROJECT in BRAZIL CORPORATE PRESENTATION Precious Metals Summit – September, 2011
Slide 2: Forward Looking Information
Forward Looking Information Certain statements in this presentation may constitute “forward looking information” which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements in the Company to be materially different from any futur
Slide 3: Experienced Board & Management
Experienced Board & Management BOARD OF DIRECTORS MANAGEMENT BRAZIL OPERATIONS TORONTO OFFICE Stan Bharti Engineer Carlos Costa Ryan Ptolemy Geologist (29 years experience) Chief Financial Officer Peter Tagliamonte Engineer Paulo Fernando Pat Gleeson Jay Hodgson Engineer (27 years experience) Corpor
Slide 4: Key Projects
Key Projects Volta Grande (2.1 Moz Inferred) (1.3 Moz Indicated) TSX-V: BSX 4
Slide 5: Volta Grande Infrastructure
Volta Grande Infrastructure TSX-V: BSX 5
Slide 6: Volta Grande North Block
Volta Grande North Block Ouro Verde Indicated: 18.7 Mt (881k oz) @ 1.46 g/t Au Inferred: 12.5 Mt (500k oz) @ 1.24 g/t Au Grota Seca New RC Drilling Indicated: (Gréia Target) 10.4 Mt (426k oz) @ 1.27 g/t Au Inferred: 41.1 Mt (1.6M oz) @ 1.24 g/t Au Volta Grande Total Indicated: 29.2 Mt (1.3M oz) @ 1.
Slide 7: Volta Grande
Volta Grande Topography View from Ouro Verde • Deposit located well above water line • Upstream damming of river will further reduce river level TSX-V: BSX 7
Slide 8: Volta Grande Vertical Cross Section
Volta Grande Vertical Cross Section Volta Grande Gold Project Ouro Verde Deposit – Cross Section 525NW TSX-V: BSX 8
Slide 9: Ouro Verde Deposit
Ouro Verde Deposit TSX-V: BSX 9
Slide 10: Volta Grande Vertical Cross Sections
Volta Grande Vertical Cross Sections Volta Grande Gold Project Grota Seca Deposit – Cross Section 850W TSX-V: BSX 10
Slide 11: Grota Seca Deposit
Grota Seca Deposit TSX-V: BSX 11
Slide 12: 2009 – 2011 Resource Expansion
2009 – 2011 Resource Expansion Resource Expansion 2009 – 2011 2,500,000 1.32 Au/oz 2,000,000 2011 – Ongoing Exploration Increased to 11 drill rigs 1,500,000 0.89 1.28 8,000 meters drilling per month Au/oz Au oz Au/oz ACME prep-lab on site 1,000,000 1.10 Au/oz 500,000 Indicated Resources (oz) Inferre
Slide 13: Volta Grande Drilling Program
Volta Grande Drilling Program 2010-2011 Infill Drilling Expansion 2012 TSX-V: BSX 13
Slide 14: Project Overview
Project Overview 25,000 m diamond drilling – Geosol (six drill rigs) 25,000 samples to be assayed – ACME Heterogeneity and preparation protocol optimization – D. F. Bongarcon Resource 3D modeling (0.3 g/t Au envelop) – NCL Mining engineering studies – NCL Leaching test – TESTWORK Environmental studi
Slide 15: Project Timeline
Project Timeline TSX-V: BSX 15
Slide 16: Historical Exploration
Historical Exploration Ouro Verde Grota Seca Exploration Camp South Block Belo Sun Mining TSX-V: BSX 16
Slide 17: Volta Grande South Block Targets
Volta Grande South Block Targets TSX-V: BSX 17
Slide 18: Volta Grande Regional Geography
Volta Grande Regional Geography Property and Claims Status • Belo Sun claims cover 100km greenstone including 16 known Au occurrences TSX-V: BSX 18
Slide 19: Volta Grande PEA
Volta Grande PEA Scott Wilson RPA Report, September 2009 Sept 2009 Preliminary NPV Sensitivity to Grade – Gold Price $900 500 1.6 Economic Assessment 450 400 1.5 Grade (g/t) 350 1.4 NPV 300 1.3 250 20,000 tpd operation producing 200,000 200 1.2 ounces/year 150 1.1 100 1 22% IRR and NPV of $151 milli
Slide 20: Resource 3D Pit Shell
Volta Grande Resource 3D Pit Shell 3D PERSPECTIVE VIEW Ouro Verde N Elev (Z) Grota Seca West Grota Seca East Whittle Shell test on total resource used to guide in-fill drilling and exploration SECTION LOOKING NORTH TSX-V: BSX 20
Slide 21: Patrocinio Location Map
Patrocinio Location Map 18,750 Ha in the prolific Tapajos gold province TSX-V: BSX 21
Slide 22: Patrocinio
Patrocinio Tapajos District More than one million ounces of historical gold production at Patrocinio 3.0 km by 1.5 km soil geochemical anomaly defined Grab samples have returned gold values up to 37 g/t in granite and up to 67 g/t in veins IP geophysical survey completed 1,500 meter drill program co
Slide 23: Patrocinio
A _ w Patrocinio BELOPS MINING Pista Velha Target Pratrocinio Project Verena Minerals Corp. TSX-V: BSX 4 ft 23
Slide 24: Patrocinio Project Garimpeiro Mining
Patrocinio Project Garimpeiro Mining
Slide 25: Capital Structure
Capital Structure Shares Outstanding No. 197 million Fully Diluted No. 236 million Share Price (Sept 7, 2011) C$ $1.43 Market Capitalization C$ $282 million 52 Week High & Low C$ $1.54 - $0.42 Average Daily Volume No. 1,000,000 (3 month average) Cash & Cash Equivalents C$ $53 million (as at June 30t
Slide 26: Trading History
Trading History Past Year 9,000,000 $1.60 8,000,000 $1.40 7,000,000 $1.20 6,000,000 $1.00 Share price Volume 5,000,000 $0.80 4,000,000 $0.60 3,000,000 $0.40 2,000,000 1,000,000 $0.20 0 $0.00 Volume Close TSX-V: BSX 26
Slide 27: Volta Grande Site Photos
Volta Grande Site Photos TSX-V: BSX 27
Slide 28: For more information, please contact
For more information, please contact: phone: 416.309.2137 www.belosun.com TSX-V BSX
Slide 29: Belo Sun Community Initiatives
Belo Sun Community Initiatives The sign above reads, “Vila Ressaca’s Community clean up day. Join forces with Belo Sun and make a better future for everybody.” TSX-V: BSX 29
Slide 30: Belo Sun Community Initiatives
Belo Sun Community Initiatives TSX-V: BSX 30
Slide 31: Appendix: Geology & Mineralization
Appendix Geology & Mineralization From Scott Wilson RPA Technical NI 43-101 Report, September 2009: The area of the Volta Grande property is underlain by Late Precambrian metavolcanic and metasedimentary rocks, which are intruded by dioritic and granodioritic plutons. The bulk of these rocks are als
Slide 32: Volta Grande PEA Sensitivity Analysis
Volta Grande PEA Sensitivity Analysis Table 1-2 Sensitivity Analysis Verena Minerals Corporation - Volta Grande Project PARAMETER VARIABLES UNITS -40(5)% -20(2.5)% BASE +20(2.5)% +40(5)% Au Grade g/t 0.61 0.81 1.01 1.22 1.42 Operating $/t 8.04 10.72 13.40 16.08 18.76 Capital $ Millions 177 236 295 3
Slide 33: Appendix: 2009 – 2011 Resource Comparison
Appendix 2009 – 2011 Resource Comparison VOLTA GRANDE PROJECT RESOURCES ESTIMATE UNITS INDICATED INFERRED TOTAL Ouro Verde Deposit Tonnes 11,640,000 11,760,000 23,400,000 (September 2009) Ounces @ 0.5 g/t cut-off 455,000 398,000 853,000 Grade (g/t Au) 1.22 1.05 1.13 Grota Seca Deposit Tonnes 8,450,0
Slide 34: 2011 Resource Update
2011 Resource Update VOLTA GRANDE PROJECT RESOURCES UNITS INDICATE INFERRED 23% increase in the D Indicated Mineral Ouro Verde Deposit Tonnes 18,782,000 12,509,000 Resources category to Ounces 881,000 500,000 Average Grade (g/t Au) 1.46 1.24 an estimated 1,307,000 ounces of gold in 29.2 Grota Seca D
Slide 35: Appendix: Resource Depth
Appendix Resource Depth Approximately 86% (71 million tonnes) of the resource occurs within 200 meters from surface < 50 18M tonnes m 21 Meters below actual topographic surface < 100 m 39M tonnes 46 < 150 m 58M tonnes 70 < 200 m 71M tonnes 86 > 200 m 83M tonnes 100 0 20 40 60 80 100 120 Cumulative T
Slide 36: Appendix: Local Geology
Appendix Local Geology Gold mineralization is associated with a major shear zone and is hosted in intense hydrothermally altered rocks with close association with disseminated sulphides (py/apy): Intense silicification with fine- grained sulphide (mainly apy) within strongly sheared diorite – Grota
Slide 37: Appendix: Rainbow Project – Alexandrite
Appendix Rainbow Project – Alexandrite Proven reserve of 346kg of alexandrites @ US$40/gram Potential resource of 26,563kg of alexandrites TSX-V: BSX 37