Slide 1: McFauld's Lake: Canada's Next Major Mining Camp
McFauld’s Lake: Canada’s Next Major Mining Camp 1 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation may constitute “forward looking” statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements the Company to be materially different from any future res
Slide 3: Highlights
Highlights • 100% recorded holder of 19,700 hectare property (1,231 claim units) on the “Ring of Fire” in Northern Ontario’s James Bay Lowlands. • Airborne Magnetic and Electro-Magnetic (EM) surveys on 100% of property. • Block C and Block C-extension - At least 13 high priority targets identified b
Slide 4: McFaulds Lake Highlights
McFaulds Lake Highlights • The Noront “Eagle One” discovery may be transforming the McFaulds Lake area into Canada’s next major mining camp. • Drilling highlights include “Hole 18” which intercepted 18.8 meters averaging 7.4% Ni, 3.2% Cu, 1.05 g/t Pt, 10.16 g/t Pd from a gabbro/peridotite host rock
Slide 5: JUNE 2008 August Confidential Corporate Presentation
5 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 6: The "Ring of Fire"
The “Ring of Fire” 6 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 7: Regional Airborne Magnetic Survey
Regional Airborne Magnetic Survey (Historic OGS Data) 7 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 8: The James Bay Lowlands Property
The James Bay Lowlands Property 1,231 claim units, 19,700 ha property staked in late 2007 & early 2008. 8 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 9: The James Bay Lowlands Property
The James Bay Lowlands Property Data analyzed by highly respected geophysicist Steve Balch of BECI Exploration Consulting. 9 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 10: Regional Airborne Magnetic Survey
Regional Airborne Magnetic Survey (Historic OGS Data) Prior airborne magnetic survey was flown by the OGS at wide line spacing (400m). 10 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 11: Regional Airborne Magnetic Survey
Regional Airborne Magnetic Survey (Higher Resolution Data) James Bay Resources has completed a more detailed magnetic survey covering 100% of the property, providing much higher resolution data. 11 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 12: Property Blocks C & C-extension
Property Blocks C & C-extension Electro-Magnetic Surveys Approximate division between James Bay Resources Extreme Blocks C & C-extension has also completed an NW zone EM survey covering Block C-extension Single zone 100% of the property. Strong EM conductive NW zone 5 km long trend (approximately SE
Slide 13: Property Blocks C & C-extension
Property Blocks C & C-extension Electro-Magnetic Surveys Magnetic signature Block C-extension Possible east indicates possible layered northeast intrusion 7 km long. trending fault EM conductive trend occupies a magnetic low flanked by linear magnetic highs on both sides. 7 km long possible layered
Slide 14: Property Block C-extension
Property Block C-extension Magnetic & Electro-Magnetic 14 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 15: Property Blocks C & C-extension
Property Blocks C & C-extension Electro-Magnetic Surveys Strong EM conductive Block C-extension trend (approximately 5 km x 1 km) Block D Block C 15 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 16: Property Block C
Property Block C Magnetic & Electro-Magnetic 16 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 17: Property Blocks C & C-extension
Property Blocks C & C-extension Electro-Magnetic Surveys Strong EM conductive trend (approximately Block C-extension 5 km x 1 km) Block D Block C 17 JUNE 2008 August 2008 Confidential Corporate Presentation
Slide 18: The Noront Discovery
The Noront Discovery Select drill results from Noront’s Double Eagle property Drill Hole Length (m) Nickel (%) Copper (%) PGM (g/t) 5 117.4 4.1 2.2 9.2 7 51.5 3.7 1.5 9.8 9 45.6 2.9 1.8 7.8 18 124.6 2.4 1.1 5.0 27 46.2 6.3 2.8 12.1 Early drill results at Double Eagle compare favorably with the best
Slide 19: The Noront Discovery
The Noront Discovery From the Noront website - Geological consultant Jim Mungall, Ph.D, Associate Professor from the University of Toronto: “The large amounts of sulfide and of ultramafic cumulate make it absolutely clear that the Eagle One deposit has formed in a magmatic conduit. No magma could ha
Slide 20: Capitalization
Capitalization Current (post-financing) Common Shares 27,872,850 Warrants 5,285,175 Options 1,435,000 Compensation Options 955,253 Fully Diluted 35,680,778 Institutions 29.0 % Mgmt & Directors 40.0 % Current Cash $10.2 Million Cash from Warrant & Option Exercise $13.35 Million 20 JUNE 2008 August 20
Slide 21: Comparative Valuations
Comparative Valuations NORONT RESOURCES LTD. (NOT) $422 MM MACDONALD MINES EXPLORATION LTD. (BMK) $35 MM TEMEX RESOURCES CORP. (TME) $34 MM FREEWEST RESOURCES CANADA INC. (FWR) $53 MM FANCAMP EXPLORATION LTD. (FNC) $49 MM SPIDER RESOURCES INC. (SPQ) $20 MM PROBE MINING (PRB) $19 MM KWG RESOURCES INC
Slide 22: Use of Proceeds
Use of Proceeds Item Amount (CAD) Phase I Airborne Geophysics $125,460 Ground Geophysics $167,500 Diamond Drilling $2,474,500 Contingency $553,492 Subtotal proposed exploration $3,320,952 Phase II Diamond Drilling $2,498,500 Subtotal Proposed exploration $2,498,500 Contingency $499,700 TOTAL PHASE I
Slide 23: Management & Board
Management & Board Stephen Shefsky President & CEO, Founder, Director Co-founder of Brasoil do Brasil Exploracao Petrolifera S.A., a private oil & gas producing exploration company in Brazil, Founder of Silver Bear Resources Inc., President of Cancap Investments Limited, a private merchant bank prov
Slide 24: Management & Board (continued)
Management & Board (continued) Wayne Egan Non-Executive Chairman Partner at law firm WeirFoulds LLP, acting for several public companies on the TSX and TSX Venture Exchanges. Currently a Director of Aspen Group Resources, OceanLake Commerce Inc., and JM Capital Corp. Mark Brennan Founder, Director F
Slide 25: Summary Highlights
Summary Highlights • 100% recorded holder of 19,700 hectare property (1,075 claim units) on the “Ring of Fire” in Northern Ontario’s James Bay Lowlands. • Airborne Magnetic and Electro-Magnetic (EM) surveys on 100% of property. • Block C and Block C-extension - At least 13 high priority targets iden
Slide 26: Proposed Work Plan
Proposed Work Plan • Proposed work plan broken into 2 Phases over a 2-year period • Phase 1 – remainder of 2008 - Ground geophysics over high priority targets in C & C-extension Blocks. - Possible MMI soil sampling program over high priority targets in C & C-extension Blocks. - 5,000 m of diamond dr
Slide 27: Thank You
Thank You 27 JUNE 2008 August 2008 Confidential Corporate Presentation