A Golden Investment OpportunityHigh Grade Gold Within District-Scale Land Package                                       Fe...
Cautionary Notes and Disclaimers    This presentation may contain forward-looking statements including,    but not limited...
Linear MetalsLinear is focused on the exploration of adistrict-scale land package along a prolificgold-hosting greenstone ...
Management Team     Brian MacEachen, CA – President & CEO     ▶   Industry experience spans 25 years with small, mid and l...
Capital StructureToronto Stock Exchange   LRMShares issued            63.4 millionFully diluted shares     72.4 millionRec...
Key Asset - Kenya2000 km2* Along Under-Explored Greenstone Belt           ▶     District-scale Opportunity           ▶    ...
Kenya           Mineral Opportunities               Attractive geologic environment - Archean                Greenstone ...
Archean Greenstone Belt                            Lake Victoria Archean                              Greenstone Belt     ...
Linear’s Nyanza and Sotik Projects                                     Priority Target                                    ...
Nyanza Project                          Earning 70-95% InterestOption Agreement with B&M Mining and East African PureGold ...
Kamwango – Priority Target    Significant artisanal mining activity that      Kamwango     includes 12 large-scale workin...
Kamwango Drill Highlights    KG-11-02: 10.68 g/t gold over 4.8 m;        Including:              51.6 g/t gold over 0.81...
Reported Kamwango Drill Results         2012 Drill Results                2003-04 Drill ResultsDDH        Gold        Widt...
Kamwango Drill Results      50 Metres14                       TSX: LRM
Kamwango Drill Results15                       TSX: LRM
Kamwango Magnetics                                                                                                        ...
Kamwango - Summary    High grade gold over a four kilometre northwest strike     length trend intersecting a two kilometr...
Awuoro-Kanga-Kwoyo                     Awuoro, Kanga, Kwoya    Awuoro-Kanga - Approximate seven by one     kilometre gold...
Awuoro-Kanga                              Gold in soils and Drill Hole Locations                                          ...
Nyanza –     Additional OpportunitiesLinear’s extensive property packagehas already identified a number of otherpotential ...
Building Value Through Exploration                        A Case Study     Canaco Resources: CAN:TSV              Key Ass...
Investing in Gold      Forms of Gold Investment Factors Impacting Return      Physical gold                Spot gold      ...
SummaryKey Asset: Kenya – Nyanza & Sotik Projects:    Strategic land package in underexplored     Greenstone Belt (~2,00...
Linear OtherAssets KM61: +100mt Molybdenum-Copper-Silver Resource             •   43-101 – Resource: significant size & gr...
LRM: TSX                              Contact               Address                           Brian MacEachen          196...
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Linear Metals Presentation

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Learn about Linear Metals and our gold exploration project in Kenya

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Linear Metals Presentation

  1. 1. A Golden Investment OpportunityHigh Grade Gold Within District-Scale Land Package February 2012
  2. 2. Cautionary Notes and Disclaimers This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events conditions and therefore involve inherent risk and uncertainties. Linear Metals’ projects in Kenya, Canada and Mexico are at an early stage and all estimates and projections are based on limited, and possibly incomplete, data. More work is required before the mineralization and the economic aspects of the projects can be confidently modeled. Actual results may differ materially from those currently anticipated in this presentation. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates and projections herein will be sustained in future work or that the projects will otherwise prove to be economic.2 TSX: LRM
  3. 3. Linear MetalsLinear is focused on the exploration of adistrict-scale land package along a prolificgold-hosting greenstone belt in southwesternKenya. Highlights of Linear’s strategic landpackage include: ► Approximately 2,000 square kilometres (200,00 hectares) of prospective mineral belt under license and/or application; ► Long history of near-surface gold extraction by local artisanal miners that continues today; ► High-grade gold mineralization confirmed by early drill results and sampling; ► Demonstrated mineralization throughout Linear’s project area with the potential for several mineral deposits Linear’s ongoing exploration program has the potential to deliver multiple large-scale discoveries for Linear’s shareholders. Artisanal activity at Linear License 3 TSX: LRM
  4. 4. Management Team Brian MacEachen, CA – President & CEO ▶ Industry experience spans 25 years with small, mid and large cap mining companies ▶ Experience includes operations, project development, exploration discoveries, company start-ups including roles with Brigus Gold Corp., Franco-Nevada Mining Limited, Aur Resources Inc., and Avalon Rare Metals Inc. Wade K Dawe – Chairman ▶ Mining and venture capital entrepreneur since 1994 ▶ Chairman, CEO & President of Brigus Gold Corp. (founder of Linear Gold Corp. in 2003) Matt Rees – Vice President Exploration ▶ Over 25 years of exploration experience with18 years at Noranda/Falconbridge including Mexico, Mongolia, Turkey, Spain, Ireland & USA ▶ Involved in multiple discoveries – KM61, Esker Lake & JG (Pb-Zn-Ag) in the high Arctic and Rod Au Zone which became part of the Jolu Mine Keith Abriel, CA, CFA – Vice President & CFO ▶ Senior finance professional ▶ Former CFO of Linear Gold Corp Jim Megann – Director of Investor Relations and Marketing ▶ Senior marketing and communications consultant ▶ Over 25 years IR and marketing experience4 TSX: LRM
  5. 5. Capital StructureToronto Stock Exchange LRMShares issued 63.4 millionFully diluted shares 72.4 millionRecent market cap ~$15 millionInside ownership >20% 5 TSX: LRM
  6. 6. Key Asset - Kenya2000 km2* Along Under-Explored Greenstone Belt ▶ District-scale Opportunity ▶ Greenstone belt extends into Tanzania and is host to several large gold producers notably African Barrick and AngloGold’s projects with combined resources of over 40 million ounces of gold ▶ Multiple prospects throughout Linear’s property area with demonstrated high grade gold mineralization ▶ Linear’s 100% focus *Includes applications pending6 TSX: LRM
  7. 7. Kenya  Mineral Opportunities  Attractive geologic environment - Archean Greenstone Belt  Long history of colonial and artisanal mining  Underexplored with limited modern exploration  Early participant advantage  Country advantages  English speaking country with the highest number of college/university educated professionals in East Africa  Supportive government  New constitution approved in 2010  New mining legislation in progress  Kenya Vision 2030, provides an emphasis on investment  Communication and financial center of East Africa7 TSX: LRM
  8. 8. Archean Greenstone Belt Lake Victoria Archean Greenstone Belt  Host to numerous gold and base metal deposits, including:  Tanzania - Large Scale Start Ups Since 2000:  Anglo’s Geita: 16.3 M oz Au  Barrick’s Bulyanhulu: 17.0 M oz Au  Barrick’s North Mara: +10 M oz Au  Barrick’s Buzwagi: 4.4 M oz Au  Kenya – Projects:  Bumbo/Aviva : 1.7 Mt at 4% Cu - Eq  Kakamega/Aviva: 250K oz Au @ 13 g/t +++ resource update in 2012  Macalder/Falconbridge: 0.84 Mt at 2.29% Cu, 5.1% Zn, 3.26 g/t Au and 1.8 oz/t Ag  Migori/Red Rock: 33 MT at 1.1 g/t Au  Largely underexplored opportunities in Kenya8 TSX: LRM
  9. 9. Linear’s Nyanza and Sotik Projects Priority Target  Kamwango Advanced Prospects  Awuoro  Kanga  Kwoyo Tertiary & Quat. Bikobian Granites Kavrondian Nyanzian Greenstone Belt9 TSX: LRM
  10. 10. Nyanza Project Earning 70-95% InterestOption Agreement with B&M Mining and East African PureGold (“EAPG”):Phase 1 Linear acquires an initial 70% interest by: ▶ Making Cash Payments of US$300,000 over 4 years ▶ Incurring exploration expenditures of US$600,000 (completed)Phase 2 Linear can increase its interest to 80% by: ▶ Spending an additional US$3.4 million IF B&M/EAPG decline to fund their pro-rata exploration & development expenditures beyond the first US$4 million, Linear can increase its interest based on the following expendituresPhase 3 Linear can increase its interest to 90% by: ▶ +1% per $1 million of expenditure to a maximum 90% with EAPG & B&M then carried to completion of a feasibility studyPhase 4 Linear can increase its interest to 95% by: ▶ + 1% per $2.0 million of development expenditure to a maximum of 95%10 TSX: LRM
  11. 11. Kamwango – Priority Target Significant artisanal mining activity that Kamwango includes 12 large-scale workings along a four kilometre northwest strike length trend intersecting a two kilometre northeast strike length trend of mineralization Grab and chip samples from artisanal workings up to 96.6 g/t Au Linear commenced drilling in December 2011 11 TSX: LRM
  12. 12. Kamwango Drill Highlights KG-11-02: 10.68 g/t gold over 4.8 m;  Including: 51.6 g/t gold over 0.81m DDH-1: 34.5 g/t gold over 2.96 m (lost in vein) DDH-4: 81.4 g/t gold over 2.55 m (collared in vein)Significant gold mineralization in 8 of the first 10 drillholes Kamwango: KG-11-02 Kamwango: KG-11-03 Kamwango: KG-11-02 12 TSX: LRM
  13. 13. Reported Kamwango Drill Results 2012 Drill Results 2003-04 Drill ResultsDDH Gold Width DDH Gold WidthNumber (metres) Number (metres)KG-11-01 3.34 g/t 5.96 DDH-1 34.5 g/t 2.96 Including 4.55 g/t 4.15KG-11-02 10.68 g/t 4.8 DDH-3 1.4 g/t 20.0 Including 51.6 g/t 0.81 Including 2.13 g/t 5.5KG-11-02 0.94 g/t 3.4 DDH-4 81.4 g/t 2.55KG-11-03 4.14 g/t 3.83 DDH-6 0.4 g/t 11.7 Including 5.0 g/t 3.13KG-11-03 2.8 g/t 4.38 DDH-7 2.8 g/t 7.6 Including 4.16 g/t 2.77 Including 3.95 g/t 5.313 TSX: LRM
  14. 14. Kamwango Drill Results 50 Metres14 TSX: LRM
  15. 15. Kamwango Drill Results15 TSX: LRM
  16. 16. Kamwango Magnetics DDH-1: 2.96 m @ 34.5 g/t Au DDH-2: NSR DDH-3: 5.5 m @ 2.13 g/t Au DDH-4: 2.55 m @ 81.4 g/t Au DDH-5: NSR DDH-6: 11.7 m @ 0.4 g/t Au DDH-7: 7.6 m @ 2.8 g/t Au KG-11-01: 5.96 m @ 3.34 g/t Au KG-11-02: 4.8 m @ 10.68 g/t Au KG-11-03: 3.13 m @ 5.0 g/t Au General Area of Quartz Lag Deposits Areas of Quartz Lag Deposits @ Surface KG-11-01: 4.55 g/t Au over 4.15 m 500 m Note: mapping of quartz vein pebble lag deposits is ongoing and subject to change. Lags are mined ar sanaly especially at Farm 2 and Kasihdo, among other areas. Not all workings are shown. Dashed white lines are prominent mag breaks associated with Au mineraliza on.16 TSX: LRM
  17. 17. Kamwango - Summary High grade gold over a four kilometre northwest strike length trend intersecting a two kilometre northeast strike length trend of mineralization Geophysical grid in progress over Kamwango and Garissa areas Detailed soil sample coverage planned Expanded drill program planned 17 TSX: LRM
  18. 18. Awuoro-Kanga-Kwoyo Awuoro, Kanga, Kwoya Awuoro-Kanga - Approximate seven by one kilometre gold-in-soil anomalies with values running up to 2.53 g/t Au, and grab samples up to 37.5 g/t Au; Kwoyo - Approximate four by one kilometre area of gold-in-soil anomalies and grab samples up to 5.7 g/t Au; Geophysics & geochemistry surveys completed; Results from initial drill holes include:  17.2 g/t Au over 0.7 m; (KE-11-04)  3.77 g/t Au over 4.4 m (KE-11-06 - Ruga); and  2.50 g/t Au over 11.5 m (KE-11-11 -Ruga trend) Artisanal activity at Linear License  Including 50.3 g/t Au over 0.45 m 18 TSX: LRM
  19. 19. Awuoro-Kanga Gold in soils and Drill Hole Locations Awuoro Koyola Anomaly Anomaly 1 Nyahera Anomaly 14 Nyabola Anomaly 15 KE-11-04 17.2 g/t Au 13 over 0.7 m Ruga Anomaly 12 7 9, 10 5 8 KE-11-6 3.77 g/t Au over 4.4 m KE-11-11 2.50 g/t Au over 11.5 m 1000 m All holes are prefixed KW-11- or KE-11- Significant gold mineraliza on intersected in 4, 6, & 11. NSR returned from 12 to 15 (15 was abandoned).19 TSX: LRM
  20. 20. Nyanza – Additional OpportunitiesLinear’s extensive property packagehas already identified a number of otherpotential targets: Bouye Hill – High grade hematite with samples up to 65% iron oxide Iron oxide samples running up to 65% Wire Hill – a 2.2 km long magnetic– Bouye Hill high anomaly hosting multiple copper and iron showings Ombassa – Attractive gold-in-soil and VMS targets identified by 8 AEM conductors Soil and rock samples – gold Ambassa 20 TSX: LRM
  21. 21. Building Value Through Exploration A Case Study Canaco Resources: CAN:TSV  Key Asset: Handeni Gold Project  Location: Tanzania  Initial Drilling: Sept 2009  Market cap Sep-09: ~$9 million  Market cap Dec-11: ~$300 million (~2 mm ozs) Canaco Handeni Linear Nyanza Project Project Initial Soil Anomaly 1.3 km >11 km Peak soil value .77g/t Au 2.5 g/t Au Project size 200 km² 2000 km² Linear’s Nyanza project can deliver similar returns!21 TSX: LRM
  22. 22. Investing in Gold Forms of Gold Investment Factors Impacting Return Physical gold Spot gold Gold producing companies Spot gold and operating success Gold exploration companies Spot gold, exploration and development success22 TSX: LRM
  23. 23. SummaryKey Asset: Kenya – Nyanza & Sotik Projects:  Strategic land package in underexplored Greenstone Belt (~2,000 km2*)  Extensive colonial & recent artisanal workings  Demonstrated high grade gold mineralization  Federal and local support  Drilling in progress  District scale Linear’s primary focus and value driver* Includes applications pending Visible gold from Kamwango 2003-2004 drill program 23 TSX: LRM
  24. 24. Linear OtherAssets KM61: +100mt Molybdenum-Copper-Silver Resource • 43-101 – Resource: significant size & grade, 100 Million tonne @ 0.065 Mo Eq. with open-pit, high grade starter zone potential • Location & infrastructure advantages – road, rail, power, etc. • Long-term asset – 100% owned – minimal cost - JV potential Seymour Lake: Tantalum-Lithium-Beryllium Project • Significant mineral grades confirmed in two drill programs • March 2011 JV with Super Metals Mining Inc. to advance project to BFS La Morena: Large CRD Silver System With Follow-up Targets • Untested deep geophysical anomalies correlate with previous drilling intersecting 218 g/t Ag over 23 m incl @ Quartz stock-worked and altered mafic 1245g/t Ag over 3m (LM-04) and 21.2 m @ 1.4% Cu, 140.4 volcanic, hosting disseminated Molybdenum g/t Ag (LM-10)24 • Attractive drill targets – JV potential TSX: LRM
  25. 25. LRM: TSX Contact Address Brian MacEachen 1969 Upper Water Street President and CEO Purdy’s Wharf II, Suite 2001 bmaceachen@linearmetals.com Halifax, NS (902) 442-7180 B3J 3R7 Jim Megann Director of Investor Relations and Marketing jmegann@linearmetals.com (902) 482-1240 www. linearmetals.com25 TSX: LRM

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