Noront Resources Portfolio Showcases Ring of Fire Success

Portfolio
Chapman
J MARKETING + DESIGN

This portfolio shows a selection of the
corporate marketing and design work
produced collaboratively by Lisa
Chapman and Dyann Johnson over the
last ten years. Specialising in investor
relations, Lisa is our marketing guru,
with extensive experience working with
public resource companies. Dyann
specialises in corporate graphic design,
bringing ideas to life in unique investor
materials. This successful partnership
has enhanced the corporate profiles of
numerous resource companies, helping
them reach analysts, financiers and
prospective investors.
Chapman
J MARKETING + DESIGN

Ring of Fire
Noront’s discovery in 2007 led to an unprecedented
staking rush in Northern OntarioIn August 2007, Noront Resources discovered a high-grade nickel-cop-
per-platinum-palladium - the Eagle One Discovery - which led to an
unprecedented staking rush on the geological structure surrounding it.
This area, located in the James Bay Lowlands of Ontario, became
known as the Ring of Fire.
To date, Noront controls 100% of approximately 48,600 hectares
(120,000 acres) and has joint ventures comprised of an additional
68,000 hectares (168,000 acres). This land position represents approxi-
mately 30% of the land claims in the Ring of Fire.Since the discovery of Eagle One, Noront has had tremendous explo-
ration success in the Ring of Fire. In less than a year, Noront has com-
pleted a NI-43-101 compliant resource estimate at Eagle One,
discovered Eagle Two, nickel-copper deposit, and made two high grade
chromite discoveries known as the Blackbird One and Blackbird Two.
The Company remains focused on further exploration of these discover-
ies. Resources will also be deployed to a number of nickel-copper and
chromites targets that remain unexplored at this time. A budget of
Cdn$19 million has been dedicated for exploration in the Ring of Fire
for 2009.
ONTARIO
C A N A D A
U S A
Hudson’s
Bay
Noront
discoveries
Corporate Overview
Noront Resources is an explorationstage company focused on it’s sig-nificant nickel-copper-platinum-palladium-chrome discovery at theDouble Eagle project in the “Ringof Fire”, a massive mineral discov-ery at McFaulds Lake, James BayLowlands in north eastern Ontario,Canada. The company is wellfinanced, having just completed anon brokered flow through privateplacement for $18,870,000. As ofOctober 31, 2008, Noront has acash position of Cdn$44 millionand plans to spend Cdn$19 millionon exploration in the Ring of Fire.The company remains focused notonly on its economic nickel-copper-PGM discovery at the Double Eagleprojects but also continues to de-lineate its world class high-gradechromite discovery at BlackbirdOne and Two.
Noront’s Ring of Fire PropertiesEagle One
- Discovered by Noront in August 2007– Owned by Noront
- High grade, 3 million tonne Ni/Cu/PGE deposit- NI 43-10 compliant
- High grade nickel within the massive sulphide zone makes it pos-
sible for Noront to consider the option of direct shipment of un-
processed ore to one of the existing concentrator/smelter
facilities outside the project area- Excellent in-place infrastructure that has year round access by
air, and in winter months is within 59 km of winter road
- Main camp and drill camp established near discovery site
- Drilling highlights include: 117.4 meters grading 4.1% Ni, 2.2%
Cu, 2.1g/t Pt and 7.1 g/t Pd. Indicated resource of 1.8 M/T
grading 1.96% Ni, 1.18%Cu, 1.12g/t Pt and 3.91 g/t Pd. Inferred
resource of 1.1 tonnes grading 2.39% Ni, 1.27% Cu. 1.37g/t Pt,
and 4.50 g/t Pd. The deposit remains open at depth and along
strike.
Ring of Fire Properties Investor Relations Contact us
Ring of Fire
Noront’s discovery in 2007 led to an unprecedented staking rush
in Northern Ontario
In August 2007, Noront Resources discovered a high-grade nickel-copper-platinum-
palladium - the Eagle One Discovery - which led to an unprecedented staking rush on
the geological structure surrounding it. This area, located in the James Bay Lowlands of
Ontario, became known as the Ring of Fire.
To date, Noront controls 100% of approximately 48,600 hectares (120,000 acres)
and has joint ventures comprised of an additional 68,000 hectares (168,000 acres).
This land position represents approximately 30% of the land claims in the Ring of Fire.
Since the discovery of Eagle One, Noront has had tremendous exploration success in
the Ring of Fire. In less than a year, Noront has completed a NI-43-101 compliant re-
source estimate at Eagle One, discovered EagleTwo, nickel-copper deposit, and made
two high grade chromite discoveries known as the Blackbird One and
BlackbirdTwo.
The Company remains focused on further exploration of these discoveries. Resources
will also be deployed to a number of nickel-copper and chromites targets that remain
unexplored at this time.A budget of Cdn$19 million has been dedicated for explo-
ration in the Ring of Fire for 2009.
ONTARIO
C A N A D A
U S A
Hudson’s
Bay
Noront
discoveries
fact sheettrade show booth
website
Noront
Resources Ltd.
NOT - TSX-V
www.norontresources.comwww.norontresources.com
NOT - TSX-V
disc label

Belvedere Resources Limited is a Canadian incorporated mining company with
a primary focus on Finland. Belvedere is the only operating nickel miner, and the
eighth largest claim holder in Finland. Currently, Belvedere has two operating nickel
mines and a large portfolio of advanced gold projects and other prime development
assets including nickel, cobalt, copper, zinc and uranium.The Company is well-funded with strong links to the Finnish mining establish-
ment. An experienced and innovative management team are extremely capable of
capitalizing on its growing assets base.
Growth Strategy – From exploration to productionIn 2007, Belvedere made the critical transition from exploration company to a
production and development company through the acquisition of the producing
Hitura Nickel Mine and the remaining 55% of Finn Nickel. Finn Nickel is an unlisted
Finnish company with advanced nickel, copper and cobalt projects in southern
Finland.
In October 2007, the company also acquired the Luikonlahti mill and concen-
trate facility, which is located in eastern Finland close to a number of Belvedere’s
100% owned nickel projects.
These recent acquisitions and developments have given Belvedere a significant
strategic position in Finland. The company is now pursuing its objective of building
substantial shareholder value through low cost, low risk strategies for mine develop-
ment as well as growing nickel production to 10,000 tonnes per annum (tpa).
Belvedere’s Nickel Producing MinesThe company’s two producing nickel mines – Hitura and Särkiniemi – together cur-
rently produce approximately 2,500 tpa of payable nickel.HITURA MINE
Belvedere’s flagship operation is the Hitura Mine, with current production of
2,200 tones of nickel per annum and a processing mill with 650,000 tonnes per
annum capacity.
• Operating since 1970, the mine is historically the largest nickel producer of any
in Finland – 14 Mt at 0.6% nickel to date.• Resources and reserves totalling 2.57 Mt nickel ore at 0.67% nickel.
• Contained metals 17,300 tonnes nickel, 6,100 tonnes copper.Current Status
Belvedere has commissioned a 3.5 million euro (CAN $5M) exploration program
at Hitura. To date all previous production has originated from North Hitura. The
focus of the new exploration program will be on developing further resources and
reserves at the middle and south ore bodies.
SÄRKINIEMI MINE
A small satellite operation, the Särkiniemi Mine is currently shipping 300 tonnes
of ore per day at 1% nickel to Hitura’s mill for processing.• Särkiniemi is an open pit nickel deposit.• Mine opened on time and on budget in June 2007.
• Resources Särkiniemi West 116,000 tonnes at 1.17% nickel, 0.53% copper
(Indicated).
• Resources Särkiniemi East – 60,000 tonnes at 0.86 % nickel, 0.69% copper
(Inferred).
Current Status
Infill drilling continues on the Särkiniemi East deposit, which has an inferred resource
at this point of 60,000 tonnes at 0.86% nickel.
NICKEL, COPPER, COBALT PROJECTSVALKEISENRANTA
Discovered in 2000, the Valkeisenranta Nickel Deposit is located 2 kilometres west of
Belvedere’s Särkiniemi Mine. Recent drilling, has identified three orebodies with a
combined resource of 1.54 Mt at 0.71% nickel and 0.29% copper. Geochemical stud-
ies have indicated that the intrusion is capable of hosting 3 Mt at more than 1%
nickel.
HAUTALAMPI
The Hautalampi cobalt copper project is currently Belvedere’s most significant in the
Outokumpu district. Drilling on the project in now underway.RIIHILAHTI
The Riihilahti Copper Cobalt deposit is a small deposit located under a lake in a
shallow bay, 200 m from the shoreline. The deposit has an indicated resource of
135,000 tonnes at 1.69% copper and 0.14% cobalt.GOLD COPPER PROJECTSIn addition to its Nickel-Copper-Cobalt operations, Belvedere has several advanced
gold copper projects:
KIIMALA
In September 2007, Belvedere announced intersects of a further high grade zone of
5.2 g/t gold over 15.33 metres on its Kiimala gold property.KOPSA
In June 2007, drilling completed at Belvedere’s 100% owned Kopsa gold copper
property 50 km to the south of Kiimala extended the strike of the Kopsa main zone.
KUUSAMO
Belvedere is currently waiting for results of drilling completed on Haarakumpu
Copper Cobalt Gold project in Kuusamo.
MINING IN FINLAND
• Positive investment andoperating environmentwith high potential fornew discoveries.
• A long history of miningactivity.
• Excellent geological data-bases, good infrastruc-ture, and readily availableexploration services, met-allurgical technology andmanufacturers of miningequipment.
SÄRKINIEMI MINE
HITURA MINE
Muonio
Bothnia
Pori
Rantasalmi
Kotalahti
Belvedere properties
nickel producing centres
Kuusamo
Hitura
BELVEDEREr e s o u r c e s
Finland
BELVEDERE
n i c k e l c o p p e r c o b a l t g o l d
resources
Mining in Finland
Unearthing Finland’s nickel to supply world demand
BELVEDERE
r e s o u r c e s
BELVEDERE
r e s o u r c e s
trade show booth
folder
brochurer

SUTTER GOLD
MINING INC.
COMPANY PROPERTIES CORPORATE INFO COUNTRY INFOINVESTOR RELATIONS CONTACT US
website
PowerPoint presentation
logo design

able reserves on the MLE pool could exceed 3 TCF gas.
On Yacoub, the contract to shoot 230 km2 of 3D seismic data commenced in
February to identify locations which FCP plans to drill during the third quar-
ter of 2002. The 3D seismic is expected to be completed by May and interpre-
tation to be completed shortly thereafter. Average recoverable reserves of the
offsetting wells are 44 MMBO per well and average production is 8000 bbl/d
of oil.
M A S I L A , Y E M E NSecond phase exploration underway on Block 43, Yemen
Joint venture partner, DNO ASA of Norway is funding work requirements for
the second phase of a five year exploration agreement on Block 43. DNO will
carry out further seismic studies
to identify targets and drill two
wells. Block 43 covers 2,717 km2and is adjacent to Nexen’sMasila Block which producesapproximately 220,000 barrelsper day or half of Yemen’s dailyproduction.
First Calgary Petroleums willcommence drill programs ontheir two licences in the oil richBerkine Basin, Algeria, during2002. The area is considered tobe one of the most productive,yet underexplored basins in theworld.
Anadarko
Burlington
Anadarko
El Merk
(Anadarko)
Repson YPF
0
40
kilometres
Hassi Berkine(Anadarko)
RKF (CEPSA)
FCP
Ourhoud(Sonatrach)
oil pools
gas pools
leads
pipelines
AGIP
ROD
(AGIP, BHP)
LEDJMET
YACOUB
Total-Fina-Elf
Menzel Lejmet(Burlington)
3D
3D
FCP
A L G E R I A
A member of OPEC, theRepublic of Algeria has provenoil and gas resources of approxi-mately 40 billion barrels of oilequivalent. More than 90% ofAlgerian export earnings andabout 30% of its GDP is derivedfrom oil and natural gas.Approximately 90% of Algeria’scrude oil exports go to WesternEurope.
Natural gas production in 2000accounted for 60% of Algeria’stotal hydrocarbon production.Algeria is a major natural gasexporter, accounting for 34% ofthe European imported naturalgas market. Infrastructure tomove the gas to Europe is inplace with two pipelines underthe Mediterranean and twoadditional pipelines planned.Algeria ranks in the top tencountries worldwide for naturalgas resources.
AlgeriaB E R K I N E B A S I NFirst Calgary - one of only seventeen operators in Algeria
Like all foreign companies operating in Algeria’s oil industry, First Calgary
obtained licences for the Exploration and Exploitation of Hydrocarbons with
Sonatrach, the Algerian state-owned oil company. A production-sharing
agreement is in place with Sonatrach on the Ledjmet Block and a joint ven-
ture, on the Yacoub Block. Upon commercialization of each of the Blocks, a 25
year and 30 year exploitation license for oil and gas respectively will be
issued on the Ledjmet Block and a 25 year exploitation license on Yacoub.
More than five billion barrels of oil discovered in the last ten
years in the Berkine BasinThe Berkine Basin has one of the highest oil and gas exploration success rates
in the world. Its exploration potential, pipelines, infrastructure, relatively low
exploration costs, and proximity to markets, make the area an ideal region to
explore.
Geologically, the Berkine Basin has near-perfect petroleum conditions that
have resulted in a string of giant oil and gas discoveries. Offsetting First
Calgary’s Ledjmet Block is Burlington’s Menzel Ledjmet oil field with 300
million barrels oil (MMBO), Anadarko’s El Merk gas field with 1.5 trillion
cubic feet of gas (TCF); commercialization starting 2004, and Anadarko’s El
Merk oil field with 250 MMBO. This area of the Basin has recorded some of
the highest natural gas and oil production test rates to date, 22,000 barrels of
oil per day (bbl/d) and 107 million cubic feet of gas per day (mmcf/d).
Offsetting First Calgary’s Yacoub Block is Anadarko’s Hassi Berkine oil field
with 2.8 billion barrels oil, BHP’s ROD oil field with 300 MMBO, Sonatrach et
al’s Ourhoud oil field with 1.0 billion barrels oil, and Cepsa’s RKF oil field
with 250 MMBO.
Proven gas reserves on Ledjmet Block
The 1,108 square kilometre Ledjmet Block contains the MLE pool, which has
been evaluated by DeGolyer MacNaughton (independent reservoir engi-
neers), with established reserves of 1.021 TCF sales gas of which 447 BCF is
proven. These reserves have a net present value, at a 10% discount rate, of )
US$198 million established and US$102 million proven.
Drilling to begin in 2002On Ledjmet, First Calgary has acquired 109 km2 of 3D seismic data covering
approximately 60% of the MLE gas and condensate pool located on the Block.
Interpretation is expected to be completed in April. The MLE pool contains
the MLE-1 cased gas well which tested 42 mmcf/d gas and 1700 bbl/d liq-
uids. First Calgary’s plan is to drill a delineation well to the MLE-1 well as
the next step to commercialization of the MLE pool. It is anticipated recover-
Algiers
Berkine Basin
F I R S T C AL G A R Y P E T R OL E UM S LT D .
Algeria
F I R S T C AL G A R Y P E T R OL E UM S LT D .
brochure
folder

CHOCO 10 MINE FEASIBILITY STUDY
The Choco 10 concession is located
in the historic El Callao mining district in
Venezuela, where over 5 million ounces of
gold have been mined historically. The area
has recently become the focus of renewed
exploration interest and the results suggest
that the region still holds significant
potential.
Between 1990 and 1995, the previous owners spent over $14 million exploring the
property with the aim of defining and developing near-surface oxide reserves amenable to
heap leaching. During this period 1,288 shallow holes with an average depth of 38 metres
were drilled for a total of almost 50,000 metres. These results produced an initial resource of
14.5 million tonnes grading 1.7 grams g/t, containing 795,000 ounces of gold in the
measured and indicated category and an inferred resource of 1.7 million tonnes at a gold
grade of 1.4 g/t, containing 74,000 ounces of gold.
Only six deep holes were drilled into the underlying fresh rock, and all of these holes
encountered gold mineralization. In spite of the success of these deeper holes, the ownership
of the property changed hands and work on the project was suspended.
When Bolivar Gold became interested in acquiring the property, MiconInternational
(Micon), an independent technical consulting firm, was retained to review and update the
work done previously and to assess the development potential of the property. In their
Development Plan dated October 2002, Micon concluded that the existing resource could be
readily upgraded by additional drilling and that it was capable of supporting a mine plan
based on 4,000 tonnes per day (tpd) to produce approximately 100,000 ounces of gold per
year at a cash cost $161 per ounce.Based on these encouraging results, Bolivar Gold embarked on a plan to fast-track
development of the property while continuing to explore the potential beneath and adjacent
to this resource. A program of confirmation, infill and geotechnical drilling was initiated
immediately following acquisition of the property in March 2003. The company also
PISOLITA
PIT
COACIA
PIT
ROSIKA
WEST
PIT
ROSIKA
PIT
0
500
metres
plant
RESOURCES* Tonnes Grade
Gold(‘000)
(g/t)
(ounces)
Indicated
13,229 2.5 1,051,016
Inferred
2,300 1.9
142,842
RESERVES
Tonnes Grade
Gold(‘000)
(g/t)
(ounces)12,600 2.2
880,000
*includes reserves
• open pit mine
• 5,400 tonne per day mill will produce on average
125,000 ounces of gold per year
• initial mine life is 6.5 years• total operating cost is expected to be $8.44 per tonne
or $146 per ounce• capital cost of Choco 10 is forecast to be $38.6 million.
Source: Micon feasibility/engineering study,November 2003
VENEZUELA
GUYANA
SURINAME
FRENCH
GUYANA
BRAZIL
Georgetown
Pto. Ordaz
Caracas
Paramaribo
Omai
Mine
Cayenne
El Callao
G U Y A
N
A
S
H I E L D
main gold districtscities
CHOCO 10 MINE DEVELOPMENT
BOLIVAR GOLD CORP. 5
4 BOLIVAR GOLD CORP.
CHOCO 10 MINE PLAN
Mine start-up
is expected in
November
2004.
2003 ANNUAL REPORT
BOLIVAR GOLD CORP.
Corporate Overview
Bolivar Gold Corp. is
an international gold
exploration and devel-
opment company
focused on highly
prospective properties
in Venezuela. The
company gained
prominence in
February 2003 after
acquiring a 70% interest in the 7,215 hectare Choco 4 and Choco 10 and 15,000
hectare Bochinche Zero, 1 and 2 concessions Bolivar State, Venezuela.
Choco 10 Concession
The company’s most advanced project is the Choco 10 Concession where one
million ounces of gold was previously identified. Exploration activity at Choco
10 began in 1990 with a regional geochemical soil and aeromagnetic survey. This
was followed by a ground magnetic survey, a detailed geochemical soil survey and
trenching covering five prospect areas. During 1993, a geological survey and a
geochemical soil survey carried out within the concession areas disclosed a large
gold anomaly covering an area of 1,500 square metres. A shallow drilling program
commenced in 1993 to target the large gold anomaly.
Over US$14 million had been spent on
exploring this property including 1,288
drill holes (49,917 metres) with an
average vertical depth of 38 metres.
The drilling identified the presence of
four major zones of mineralization
named as the Coacia, Pisolita and
Rosika prospects. More recently, Bolivar
Gold has completed and announced an
additional 77 infill and exploration
holes, with encouraging results. These
included 143 metres averaging 2.8 g/t
gold and 120 metres at 3.2 g/t. Within
these broad zones were numerous high-
grade intercepts, the best being 94.5 g/t
over 3 metres.
Based on the first 46 holes, Micon
International has calculated a revised
resource estimate of 13.7 million tonnes
at an average grade of 2.5 g/t gold repre-
senting 1.0 million contained ounces in
the indicated category.
CORPORATE INFORMATION
Symbol: BGC (TSX)
Shares issued: 85.4 million
Options: 7.6 million
Warrants: 36.7 million
Cash: US$55 million
HEAD OFFICE
Suite #1502
110 Yonge Street
Toronto, Ontario
Canada M5C 1T4
tel: (416) 360-4653
fax: (416) 360-7783
web: www.bolivargold.com
email: info@bolivargold.com
OFFICERS AND DIRECTORS
Serafino Iacono
Chairman and Chief Executive Officer
Miguel de la Campa
President and Chief Operating Officer
Jose Francisco Arata
Executive Vice President, Exploration
Robert Doyle
Chief Financial Officer
Dr. John Thomas
Vice President Operations
Peter Volk
Corporate Secretary and Legal Counsel
Andres Carrera
Director
Independent business consultant
Robert Hines
Director
Partner, Hines & Co.
Stephen Wilkinson
Director
President & Director, ValGold Resources
ANALYST COVERAGE
Chantal Gosselin, Dundee Securities
Corporation
David Stein, Sprott Securities Inc.
Jim Taylor, Canaccord Capital (Europe)
Limited
Jacques Wortman, Griffiths, McBurney
&Partners (GMP)
BOLIVAR GOLD CORP.
Accomplishments:
• Acquired prospective con-
cessions in Venezuela
• Raised US$70 million to
fund acquisition, explo-
ration and development
• Relocating 5,400 tpd mill
• Converted all “inferred”
resources to “indicated”
• Negotiated JV with Gold
Fields covering El Callao dis-
trict
• Acquired interests in 6 addi-
tional concessions
Objectives:
• Complete construction of
Choco 10 project
• Aggressively explore for
additional ounces
annual report
fact sheet

Output improves in second half of 2004
Bema’s wholly-owned Petrex Mines are located 50 kilometres
east of Johannesburg in the East Rand area of South Africa. It is
underlain by the Archean gold-bearing conglomerates of the
Witwatersrand basin, the world’s largest gold metallogenic
province. Bema acquired its 100% interest in the Petrex mines
in February 2003. Petrex consists of three main areas contain-
ing several underground operations accessed from eight shafts
and a central plant capable of processing 185,000 tonnes of ore
per month. All open pit operations were suspended by January
2005 because they were uneconomic in light of the increasing
strength of the South African rand against the US dollar.
During the first half of 2004, Bema successfully completed a
program designed to improve mining efficiencies and cut costs.
As a result, tonnes milled, recoveries, rand operating costs, cap-
ital expenditures and ounces produced improved during the sec-
ond half of the year, and new gold production records were
established. However, US dollar operating costs continued to be
adversely affected by the strength of the rand. All open pit oper-
ations were re-evaluated and the decision was made to suspend
open pit mining. In an effort to improve the grade of under-
ground ore delivered to the mill, changes were made to control
water flow, improve blasting techniques and mining practices,
and utilize trackless mining equipment where appropriate. New
mining contractors were introduced at several of the shafts and production from old waste
dumps was increased.
Plant performance continued to improve during 2004 as a result of modifications made in 2003
and the early part of 2004. Recoveries were consistently above 94% in the last four months of
the year and have continued at this level into 2005.
Capital expenditures of $7.5 million in 2004 were used for underground development, shaft
equipment and in the metallurgical plant.
In 2005, Bema will pursue all opportunities to improve the economics of the operation. It will
continue to restructure its mining contractors and increase their day-to-day supervision, develop
into higher grade and higher tonnage areas and continue with efforts to reduce ore losses
underground.
Exploration is currently focusing on short-term reserve and resource delineation and more medi-
um-term resource identification. Drilling in 2004 amounted to 32,720 metres in 318 holes car-
ried out at a cost of $1.4 million. Bema believes the Petrex property holds significant potential
for adding to reserves and increasing the life of the mines.
Location
South Africa
Bema ownership
100%2004
20031
2005e
Tonnes milled
1,862,635 1,844,487 1,676,000
Gold grade (g/tonne)
2.65
2.64
3.30
Gold recovery (%)
88.7
86.2
92.5
Gold produced (oz)
146,228
132,170 173,000
Total cash cost ($/oz) 2
388
360
347
Reserves (oz. gold) 3Proven & probable
851,893
940,000
na
Resources (oz. gold) 3
Measured & indicated 3,313,185 4,149,000
na
Inferred
2,025,122 3,475,000
na
Capital expenditures $7.5 million $6.9 million $7.6 million
Exploration expenditures $1.4 million $0.6 million $2.1 million
Debt at year end4
$21.2 million $34.7 million
na
Average rand:US$ ratio
6.42
7.35
6.5
1
Bema acquired the Petrex mines effective February 14, 2003.
2
Adjusted for rand denominated put option gains of $64 per ounce
in 2004 $37 per ounce in 2003. 2005 estimate is based on a
$400 per ounce spot gold price and 6.5 rand to 1USD conversion
rate. Operating cash costs are same as total cash costs.
3
See page 25 or the AIF for details of reserve and resource esti-
mates. Resources are exclusive of reserves.
4
In 2004 Petrex closed out rand denominated gold put option con-
tracts maturing between October 2005 and December 2008 for
$15.3 million, of which $11.87 million was applied to the project
loan balance.
O P E R AT I O N S
P E T R E X M I N E S
New production records established
BEMA GOLD CORPORATION
11
10 BEMA GOLD CORPORATION
MININGOPERATIONS
S O U T H A F R I C A
P E T R E X M I N E S
NEVADA PROPERTIES
USA
MONUMENT BAY PROJECT
Canada
CERRO CASALE PROJECT
Chile
B E M A G O L D O N E O F T H E W O R L D ’ S FA S T E S T G R O W I N G G O L D P R O D U C E R S
REFUGIO MINE
Chile
EAST PANSKY PROJECT
Russia
PETREX MINES
South Africa
JULIETTA MINE
Russia
KUPOL PROJECT
Russia
BEMA GOLD CORPORATION 32 BEMA GOLD CORPORATION
A D VA N C I N G A S S E T S
ANNUAL REPORT 2004
2004
BEMA GOLD CORPORATION
annual report

SARDINIA
The Sardinia gold district has a long history of gold production and is
host to the prolific Palaeozoic province, which continues to emerge as a
significant gold district in Europe, and to date contains 20 new gold
prospects.
With the exhaustion of readily-available sources of ore, the company
intends to shift its near-term focus to aggressively exploring its extensive
land package, while maintaining its flexible, fully-permitted processing
facilities at Furtei.
The exploration approach will focus on joint ventures with strategic part-
ners to fund a significant portion of the exploration and development
costs, utilizing their extensive experience and resources to reduce risk and
increase opportunities to enhance shareholder value.
FURTEI
Exploration directed mainly at enargite-gold mineralization associated
with the central diatreme, resulted in the discovery of a number of new
orebodies. These include the high-grade gold and copper Su Coru
deposit and the S’Arruga deposit in 1998 and 1999, both of which were
“blind to the surface”.
Mining of eight separate oxidized ore depsits ended in 2001 and a transi-
tion made to mining sulphide ores. Additional exploration drilling will be
carried out on the Su Coru and the Cima-Est prospects.
MedOro Resources Ltd. is the suc-
cessor to the formerly producing
Gold Mines of Sardinia (GMS), with
the addition of a Canadian listing,
additional funding and a senior joint
venture partner as a result of its
amalgamation with Full Riches
Investments Ltd. Prior to the reor-
ganization, GMS, through its 90%-
owned subsidiary Sardinia Gold
Mining (SGM) had successfully
mined numerous near-surface
deposits in the Furtei area, as well as
accumulating a substantial prospec-
tive land position throughout
Sardinia.
SWITZERLAND
AUSTRIA
FRANCE
YUGOSLAVIA
Palermo
Zagreb
Cagliari
Geneva
Marseille
Tunis
Mediterranean Sea
CORSICA
SICILY
SARDINIA
OSILO
MONTE
OLLASTEDDU
FURTEI
ITALY
Milan
Florence
Rome
Naples
Venice
SYMBOL: MRL
TRADING: TSX & AIM
COMPANY PROFILE
Gold explorationand developmentin Sardinia andEurope
MEDORORESOURCES LTD.
MEDORORESOURCES LTD.
MedOro holds significant landclaims on the island of Sardinia,which has a long history ofgold production and is re-emerging as a significant golddistrict in Europe.
The company is aggressivelyexploring its extensive landpackage, and maintaining itsflexible, fully-permitted pro-cessing facilities at Furtei.MedOro recently acquired 100percent of the share capital inMiniere di Pestarena srl, anItalian company with exploration rights
covering the 141 hectare Pestarena and
245 hectare Lavanchetto concessions
located in the Piedmont Region in
north western Italy.
TSX-V: MRL
AIM: MRL
TSX-V: MRL
AIM: MRL
1502 - 110 Yonge StreetToronto, Ontario M5C 1T4tel: 416-603-4653fax: 416-360-7783email:info@medororesources.comwww.medororesources.com
MEDORO
RESOURCES LTD.
MEDORO
RESOURCES LTD.
”SGM”
Località Santu Miali
Furtei (CA) 09040
Sardinia, Italy
M: +39 335 453 635
T: +39 070 937 0740
F: +39 070 937 0730
jeffrey.rayner@tiscalinet.it
www.medororesources.com
Jeff Rayner
Manager Explorationfact sheet
logo
conference ad
business card
folder

MEDORO
RESOURCES LTD.
MEDORO
RESOURCES LTD.
Gold exploration
and development
in Sardinia and
Europe
TSX: MRL
AIM: MRL
SWITZERLAND
AUSTRIA
FRANCE YUGOSLAVIA
Palermo
Zagreb
Cagliari
Geneva
Marseille
Tunis
Mediterranean Sea
CORSICA
SICILY
SARDINIA
OSILO
MONTE
OLLASTEDDU
FURTEI
ITALY
Milan
Florence
Rome
Naples
Venice
0 40km
N
S
EW
OnanÏ
Calabona
Romana
MonteMurale
Narbolia
Grighini
Laconi
Goene
Seui
Talentinu
Villasalto
Tacconis
Genna
Ureu
Gulf of
Cagliari
Iglesiente
Siliqua
S. Andrea
Frius
Pedra
Loabbio
TorpË
Gulf of
Asinara
Bantine
Iglesias
Carbonia
S.S.131
S.S.
13
1
0 40 km
Mining
Concession
PR Granted
PR Applied
AI Granted
AI In renewal
PR In renewal
AI Applied
SARDINIASARDINIA
Bantine
OSILO
FURTEI
MONTE
OLLASTEDDU
TENEMENTS
Furtei Project
annual report
PowerPoint presentation
trade show booth

Company Highlights
• Debt free, unhedged
• Positive cash position: US$35M
• Annual production rate of 100,000 oz Au, increasing
to 135,000 oz Au in 2004
• Immediate cash flow with average 50% production
growth profile per annum
• Gold resources: 6.6Moz Gold reserves: 4.0Moz
• Copper Reserves: 2.3B lbs
• Competitive advantage, significant Brazilian land holdings
• Comprehensive, diversified production & exploration portfolio in Brazil & Argentina
• Proven management team
• Excellent market valuation vs. industry peer group
The New Latin American
Gold Producer
Yamana Gold Inc. is a producing gold company with a
diversified portfolio of operational, production-stage and
exploration properties located in Brazil and Argentina.
In 2003, Yamana acquired
producing and advanced
production-stage properties
in Brazil, making it one of
the largest mineral land-
holders in Brazil. The
Company produces over 100,000
ounces of gold annually, which will
increase to over 135,000 ounces by mid-
2004 and 350,000 ounces before the end of
2006 through the development of its other
Brazilian properties.
At its current development rate, the Company’s growth
rate is 50% per annum until 2007 (400,000 oz). Yamana
also holds a significant copper-gold production-ready
property in Brazil that will produce an average annual 107
million pounds of copper starting in 2007.
YAMANA
G O L D I N C .
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
2003 2004 2005 2006 2007
Brasileiro Fazenda Nova Sao Vicente Sao Francisco Chapada
Listings:
TSX: YRI
AMEX: AUY
AIM: YAU
Shares outstanding:
95.8M
Fully diluted shares:
143.8M
Share price high/low: C$3.70/$1.20
Investor Relations: Rebecca Greco
Corporate Office: 150 York Street
Suite 1902
Toronto, Ontario
Canada M5H 3S5
Tel:
416-815-0220
Fax:
416-815-0021
Email:
investor@yamana.com
Website:
www.yamana.com
Transfer Agent: CIBC Mellon Trust
Research:
CANACCORD CAPITAL
Steven Butler
416 869 7918
NATIONAL BANK FINANCIAL
Brian Christie
416 869 7118
NESBITT BURNS
Craig Miller
416 359 7770
SPROTT SECURITIES
David Stein
416 943-6407
WESTWIND PARTNERS
Chad Williams/Richard Gray 416 815 3060
Shareholder Information
Annual Gold Production Targets
ARGENTINA
BRAZIL
Cumaru
Fazenda Nova
São Vicente
São Francisco
Rio de Janeiro
Sao Paulo
Chapada
Brasileiro
ARGENTINA
• Assumes that existing resources will be upgraded
to reserves to extend the mine lives at Brasileiro
and Fazenda Nova such that gold production lev-
els post 2005 will be maintained
• Copper and gold production at Chapada is pro-
jected to begin in 2007 at an average annual rate
of 107.5 million lbs and 120,000 oz respectively
(5-yr avg)
Annual gold production of
750,000 ounces by 2008!
Yamana was recreated in 2003 with an ambitious plan to turn undervalued
Brazilian properties into profitable, producing mining operations. Now, with
3 producing mines, 2 more producing mines being acquired,
1 more mine in production in 2006 and a number of develop-
ment projects, Yamana is projecting production of 550,000
ounces in 2007 and is targeting 750,000 ounces by 2008.
VISION
YAMANAG O L D I N C .
150 York St., Suite 1902, Toronto, Ontario, Canada M5H 3S5
Tel: 416-815-0220 Fax: 416-815-0021
Email: investor@yamana.com Website: www.yamana.com
Yamana Gold Inc. is a producing gold
company with a diversified portfolio of
operational, construction-stage and explo-
ration properties located in Brazil.
In 2003, Yamana acquired producing,
production-stage and advanced explo-
ration stage properties in Brazil, making it
one of the country’s largest mineral land-
holders. The Company’s annual gold pro-
duction is currently 125,000 - 130,000
ounces from two mines. A third mine
comes into production this year, followed
by a fourth in 2007, bringing projected
production to more than 400,000 ounces.
This is a production growth rate of
approximately 50% per annum until 2007.
Yamana will also produce copper at
Chapada, a significant copper-gold project
in Brazil that is currently under construc-
tion and is targeted to produce an average
of 130 million pounds of copper per year,
starting in 2007.
150 York Street
Suite 1902
Toronto, Ontario
Canada M5H 3S5
tel: 416-815-0220
fax: 416-815-0021
investor@yamana.com
www.yamana.com
50% per year production growth rate through 2007
Value and Growth
SÃO FRANCISCO/SÃO VICENTE
• Advanced open pit heap leach gold project
• Positive initial feasibility study
• Over 830,000 ounces of production over initial 8 years
• Under US$190 cash cost
• Significant potential in deeper zones with high grades
• Production target of 2005/2006
FAZENDA NOVA
• Fast track gold project – construction currently underway
• Phase I production in excess of 143,000 ounces
• Low capex and in production in 2004
• Additional mine life expected in second phase from saprolites
• Deep resource potential at high grades could support third phase
CHAPADA
• Feasibility stage copper/gold project
• 1.3 mm oz Au; 2.0 billion lbs Cu
• Attractive infrastructure; accelerated payback
• Head grade @ 0.7% Cu equivalent for first five years
• Attractive cash costs
SANTA ELINA GOLD BELT
• 900 km trend extension along Brazil and the
Bolivian border
• 750,000 hectares of mineral concessions
• Historical production
CUMARU (CARAJAS)
• Approximately 100,000 hectares of
exploration concessions
• Existing inferred resource
• Historical production
• Further nickel prospects
ARGENTINA
PROPERTIES
• Exploration proper-
ties in Argentina
• Bonanza grades at
Martinetas
BRASILEIRO MINE
• Producing underground mine
• Production: over 100,000 ounces per year
• Current cash costs: US$210 per ounce
• Significant exploration concessions on a greenstone belt
• Drill program underway to increase reserves
PRODUCTION
DEVELOPMENT
EXPLORATION
March 2004
www.yamana.com
150 York Street, Suite 1902
Toronto, Ontario, Canada M5H 3S5
tel: 416-815-0220
fact sheet
ads
disc label

explore the Xiongwu gold district. Under this
agreement, the company will earn up to 84% by
spending US$2 million and taking the project
into feasibility.
Local Chinese miners have been operating small-
scale on the Xiongwu gold district for more than
a decade, mainly exploiting oxidized, near- sur-
face gold mineralization with reported grades of
0.5-5 g/t Au with higher grades of up to 10-20
g/t Au.
GCR has conducted detailed mapping, soil geo-
chemical surveys with planned follow-up drilling
when access and ownership issues with local
miners are resolved. The company is highly
encouraged by the high-grade gold grades in
geologically continuous and favourable host
rocks.
• Beyinhar, Inner MongoliaThe Beyinhar gold project lies within the Inner
Mongolia Fold Belt Region, a productive oro-
genic belt hosting several skarn, orogenic/meso-
thermal veins and porphyry Cu-Au deposits.
In 2003, the company entered into a Letter
Agreement with Huayu Geological and Mineral
Exploration Ltd. (NHE) to explore and purchase
the Beiyinhar Gold Project. Under the agree-
ment, GCR can earn a 100% interest.The company recently completed a 1770m dia-
mond drilling program consisting of a total of 11
widely spaced HQ diamond drillholes (average
depth of 160m). The results indicate a continu-
ous gold-mineralized zone encouraging enough
to warrant a follow-up programin the second half of 2005 totest new targets and move clos-er to defining a resource.
Hebei
Beijing
Inner Mongolia
Yunnan
Guizhou
Guangxi
Wangmo
Nibao
Xiongwu
Beyinhar
Background to Golden China Resources
In February 2005, Golden China Inc. (a
merchant bank) amalgamated with APAC
minerals (a natural resource company) to
form Golden China ResourcesCorporation. Currently, the company has
cash and liquid securities in excess of
CDN$20 million and is focused on explo-
ration and development, operations, and
merchant banking in China’s precious
metal industry.
Immediate growth potential in ChinaGolden China Resources (GCR) is actively
capitalizing on its international mining
experience, financing expertise, and part-
nership with Kingsway Group, a globally
focused mid-market financial services
provider with affiliations in Hong Kong
and mainland China,
GCR’s expertise in exploration, develop-
ment, and merchant banking is a unique
business model for China. With the com-
pany’s unmatched combination of proven
strengths, GCR intends to increase share-
holder value by becoming a major partici-
pant and consolidator in China’s develop-
ing precious metals sector.THE PROPERTY PORTFOLIOGCR has three major gold proj-ects in China’s Golden Triangle:
Nibao, Xiongwu and Wangmo in
Guizhou Province hosting signifi-
cant Carlin-type gold deposits;and one in Inner Mongolia:Beiyinhar, which is a shear-host-ed gold deposit. Recent resultsfrom these four properties haveindicated multi-million ounce gold
resources and the immediate potential for
extension of known mineralization.• Nibao, Guizhou ProvinceNibao is GCR’s main gold project and cov-
ers a concession area of 11.4 kilometres.
The company has a joint venture contract
with Guizhou Geology and Mineral
Development Corporation and Qianxinan
Industry Investment Corporation. Under
the JV contract, GCR will earn 84% by
spending US$2 million and by bringing
Nibao up to development stage through a
full feasibility study.
As of November 2004, GCR has conduct-
ed 8,300m of drilling, culminating in the
highly significant Nibao South discovery.
Work to date at this discovery area has
identified a 3.2 kms-long gold belt con-
sisting of several Carlin-type mineralized
zones with high-grade drillcore Au values
up to 15.03 g/t Au, totaling 3.45 million
ounces of contained gold. The intervening
undrilled area between zones produced
surface channel samples with high-grade
gold (5-22 g/t Au) results.The next phase of drilling will delineate an
indicated gold resource at the Nibao
South discovery area and test valid targets
generated from the geological and geo-
chemical surveys.
GOLDEN CHINA
• Wangmo, Guizhou ProvinceCGR’s Wangmo property is close to Sino
Gold’s Jinfeng Gold Mine and other gold
occurrences such as Yata, Daguan and
Louyi. Like the Jinfeng deposit, Wangmo’s
gold mineralization is sediment-hosted,
displaying characteristics similar to the
world-class Carlin deposits in Nevada.
CGR has an agreement with the Guizhou
Bureau of Geology and Mineral Resources
covering granted exploration tenements at
Wangmo. Under the agreement, CGR will
earn 70% interest by spending US$ 1 mil-
lion over a three-year period, and can earn
a further 14% when the project is taken to
bankable feasibility.
Exploration work completed during 2004
identified two gold-anomalous catch-
ments. Follow-up work in early 2005 to
‘source’ these anomalies revealed that the
gold shedding from the anomalous catch-
ments is related to siliceous alteration and
sulphide mineralization. A trenching pro-
gram in the second half of 2005 is pro-
posed to better define the extent of gold
mineralization.
• Xiongwu, Guizhou ProvinceXiongwu is a 15 km-long hydrothermal
system with no systematic past exploration
(local or foreign). Like Sino Gold’s Jinfeng
deposit (3.45 million ounces at 5.1 g/t Au),
Xiongwu’s gold mineralization is sediment-
hosted similar to the world-class Carlin
deposits in Nevada, USA.GCR has entered into an agreement with
the Xingyi municipal government to
Golden China’sexpertise in
exploration,
development,
and merchantbanking is a
unique busi-
ness model forChina.
China opens up toforeign investmentIn the late 1990s, theChinese government updat-ed its exploration and min-ing law with regulationsmodeled on those ofAustralia and Canada. Theresult has been a consider-able liberalization of foreigninvestment in China’s miningsector. For example, powerto grant mineral titles hasbeen transferred to theprovinces, up to 90% for-eign ownership is nowallowed, and generous taxincentives for mining invest-ment introduced.
The Golden Triangle of Southern China
The precious metal rich Golden Triangle in southern China consists of Yunnan,
Guangxi and Guizhou provinces (GCR has three gold properties in Guizhou).
The United States Geological Survey considers this highly prospective area to
have the resource potential comparable to the multi-1,000-tonne Carlin-type
gold resource in northern Nevada. Sino Gold’s recent announcement of a
gold resource on their Jinfeng deposit at Guizhou of 3.5 million ounces at 5.1
g/t Au supports the area’s potential.
Focused on the vast potential
and positive climate formining investment in China.
R E S O U R C E S
GOLDEN CHINA
Pursuing precious metal opportunities in China
R E S O U R C E S
GOLDEN CHINA
folder
brochure

Focusing on China with its vast
potential and positive climate
for mining investment.
TSX-V: AUC
R E S O U R C E S
2005 A N N UAL REPORT
annual report
trade show booth

OILEXCOINCORPORATED
PrintedinCanada‘ProducedbyTheF.I.R.M.
EXPLORATION
Oilexco has a large portfolio of desirable exploration properties, and in the short time
since beginning exploration in the UK North Sea has gained a reputation for drilling
quickly, efficiently, and accurately. During 2007 Oilexco was awarded interest in sev-
eral new projects during the 24th Licensing Round.BLUEBELL
Oilexco was awarded a 75% working interest in Blocks 15/24a and 15/25f in February
2007 in the 24th Licensing Round. Oilexco has committed to re-process 100 square
kilometres of existing seismic data. Bluebell is situated within a Paleocene channel
complex can be mapped on seismic.This channel complex anomaly sprawls across the
eastern portion of Block 15/24a into Block 15/25f near the 15/25-4 well. The 15/25-4
well appears to be drilled on the edge of the channel complex and contains clean, fine-
grained sandstone. Oil may be stratigraphically trapped within portions of this channel
complex.
CATCHER
The Catcher prospect (Block 28/9 and Block 28/10a) was awarded 50 percent equity
interest in the 24th Licensing Round. Oilexco has a firm commitment to drill a well to
the Paleocene Forties Formation within the next four years. The Company holds a 50%
equity interest in the prospect and are the designated operator of the license. Catcher
is a four-way dip closure at the Forties level within an undrilled Forties/Tay Formation
deep water turbidite feeder system. Block 28/9 and Block 28/10a are part of the same
turbidite feeder system which contains 120 million barrels of oil and 120 Bcf of gas
from the Bittern Field down dip from Catcher.DANICA
Oilexco was awarded a 100% equity interest in Danica (Block 29/6a) and has commit-
ted to drill a firm well to the Lista Formation within the next four years. Block 29/6a is
located in the southwest corner of the West Central Graben, with the Danica prospect
located on the upthrown side (West Central Graben Platform) of the main basin-
bounding fault. A sandstone injection complex in the Paleocene Balder level is evident
on the 3D seismic survey. This sandstone injection complex is similar to that encoun-
tered at Gryphon, Balder, Jotun, Grane, Hamsun, Chestnut and Alba Fields.
In 2008 Oilexco’s capital budget is US $707 million—US$400 million on develop-
ment and US$300 million on exploration and appraisal. The plan will focus on the Bal-
moral Core area with five additional production wells, facility optimization, gas
conservation and field redevelopments, The Shelly Development the Huntington ap-
praisal (including Nexen-Scott Joint projects) and ongoing exploration.
Our Plan
OC Guard drill
In 2008 Oilexco’s capitalbudget is US $707 million –US$400 millioinon develop-ment and US$300 millionon exploration and appraisal.
15
14
OILEXCOINCORPORATED
Delivering on our Strategy
2007UPDATE
folder
PowerPoint
brochure

OILEXCOINCORPORATED
OILEXCO’S
Annual Golf Tournament
Welcome Golfers
GOODWOOD
REVIVAL
SEPTEMBER2008
outside
OILEINCORPORA
XCORPORATED
OILEXCOINCORPORATED
OILEXCO INCORPORATED
70 Jermyn Street
St. James, London
UK SW1Y 6NY
Contact: Kim Galavan
Tel: +44 (0)207 747 1500
Fax: +44 (0)207 747 1501
OILEXCOINCORPORATED
GOODWOOD
REVIVAL
SEPTEMBER 2008
invitation
poster
itinerary
logo
10:00 Bus Arrival
Practice on Driving Range
11:00 Shotgun Start
4:00 Cocktails in the Banquet Room
5:00 10oz. Ribeye Steak Dinner Served
6:00 Prize Presentation
7:00 Departure
2 Drive Texas Scramble Format
1. Each team contains four players with one designated captain
playing in the same group.
2. Each player hits their ball with the captain selecting the best shot
of the four.
3. At least two drives from each player must be selected.
4. One score is kept for each team. In essence, it is four players
playing one score with four chance at each shot
5. To speed up play, if your shot is in the woods or possibly lost,
have another ball ready and drop it at the selected shot.
6. The gentlemen will be playing from the blue tees, while the ladies
will be playing from the white tees.
Proximities
Hole #8 East Ladies’ Closest to Pin
Men’s Closest to Pin
Hole #9 West Ladies’ Long Putt
Men’s Long Putt
Hole #6 West Ladies’ Long Drive
Men’s Long Drive
Longest Putt
K.P. Second Shot
Water Draw
Closest to Cattle Skull
Long Drive
K.P. Third Shot
Closest to Spruce Tree
Hole-in-One
Hole #1 East Escalade SUV - sponsored by Oilexco Inc.
Hole #3 West $10,000 Cash Prize - sponsored by Stream-Flo
Industries, Duncan McNeill
Oilexco is pleased to offer you a complimentary casual lunch and beverages at
the Halfway House, along with complimentary service from the beverage carts
throughout the tournament.
Itinerary
Thursday, August 7, 2008
OILEXCOINCORPORATED

JANUA RY
Oilexco raises Cdn $16.1M / £7.0M
through a private placement. Oilexco
entered into an agreement with Canaccord
Capital (Europe) Ltd foraprivateplace-
ment of up to 5,385,000 common shares
valued at approximately Cdn $3.00 or
£1.30 per share.
FEBRU A RY
The Royal Bank of Scotland is named as
exclusive debt arranger.The Engagement
Agreement contemplates a Project Facility
of £75 to £100 million (approximately Cdn
$172 to $230 million) for a period of up
tofiveyearsfor the purposes of develop-
ingitsBrendaField.
M A R C H
Sedco 712 drillingrigbeginsitsfirst opera-
tionsfor Oilexco.The semi-submersible
drillingrig on lease from Transocean begins
drillingon15/25a, for which the company
ispaying 100% of the drillingcoststoearn
70% of the lease.This well is on the same
trend as the Brenda Field, which is located
10 kilometres to the southeast.
APRIL
Oilexco and Transocean reach an agree-
ment to extend the contractlengthfor the
Sedco 712 semi-submersibledrillingrigby
one year,until the end of March 2007.
Sensing that the marketforavailablerigsin
the UK North Sea would continue to
tighten, the company secured the rigfor
theadditionalyear to ensure it could
develop the Brenda Field and continue
drillingexploration wellsinacosteffective
manner.
M AY
Test wellsfromthe “Nicol” Fieldprovesuc-
cessfulandflow at 4,194 b/day.The15/25a-13 “wellcluster” has appraiseda
Paleocene sand oil accumulationdefined by
the well15/25a-2, which was drilledin
1988.ThisPaleocene sand reservoirison
the same depositional trend as Oilexco’s
“Brenda” oil accumulation located 10 kilo-
metres to the southeast in Block 15/25b.
Under the terms of the farmin agreement,
Oilexco is paying 100% of the costs of the
15/25a-13 “wellcluster”, toearna 70%
interest in Block15 25a.£10M bridgefinancing signed with Royal
Bank of Scotland.The agreement allows
Oilexco to order certain equipment that
requires a long lead time so the company
can developitsBrendaField.The bridge
financingisthefirststepfor a Project
Facilityloantofinance the entire Brenda
development.
JUNE
Oilexco begins trading on TSX. On June
29th, the company’s common shares and
common share purchase warrants began
trading on the TSX under the symbols “OIL”
and “OIL.WT”, representing a major move
from the TSX Venture Exchange.Oilexco raises £30.0M to fund their explo-
ration program.The companyissued
31,000,000 shares at £0.98 per share,
(approximately Cdn $2.22) fortotalgross
proceeds of £30.0M, or Cdn $68.8M.
Since Oilexco entered the UK North Sea in 2002, it has gained a
reputation for being one of the most innovative and aggressive exploration
companies within the UK. sector of the NorthSea. In 2005, the company
continued to pursue its objectiveofseizingthere-emerging opportunitiesof
North Sea oil and gas.
Major highlights of 2005 included equity financings totaling Cdn
$215.6 million, Oilexco’sappraisal and exploration program being drilled
with the exclusively contracted Sedco 712 semi-submersible rig, Oilexco
being awarded two more Licenses in the 23rd Round, and the company’s
reserves being increased by 46% in an interim independent review.
O verview
2005
3
2
- emphasizes the “oil” as the
product and the company’s
trading symbol
- has a cool, retro feel
OILEXCO
OILEXCO
INCORPORATED
Spearheading the revitalization of North Sea production
Update
2006
brochure

MART
RESOURCES
INC.
MART RESOURCES INC.
MART
RESOURCES
INC.
1133 KENSINGTON ROAD NW
CALGARY, ALBERTA
CANADA T2N 3P4
T: 403•270•1841
F: 403•270•1839
www.martresources.com
MART
RESOURCES
INC.
MART
RESOURCES
INC.
1133 KENSINGTON ROAD NW
CALGARY, ALBERTA
CANADA T2N 3P4
sameartwork/addressfor
bothNo10and10x13”
envelopes
MART
RESOURCES
INC.
WILLIAM CHERWAYKO
Director
MART
RESOURCES
INC.
1133 KENSINGTON RD NW, CALGARY, AB, CANADA T2N 3P4
T: 403•270•1841 F: 403•270•1839 C: 403•815•9700
E: bill.cherwayko@martresources.com &
tanner50@telusplanet.com www.martresources.com
MART
RESOURCES
INC.
folder
stationery
business card
logo

Political Stability EstablishedThe election of President Olusegun
Obasanjo's administration in 1999 returned
Nigeria to civilian rule. In April 2003,
Obasanjo was re-elected with 61% of the
vote, affording Nigeria a basic level of
political stability.
A Growing EconomyNigeria's Real GDP grew at around 4.2% in
2003. The economy is heavily dependent on
hydrocarbons extraction, which accounts for:
• 90-95% of export revenues• Over 90% of foreign exchange earnings
• Nearly 80% of government revenues.
In 2004, the International Monetary Fund
(IMF) expressed hope about Nigeria because
the government seems to have adopted
tighter fiscal policies and has saved revenues
from recent oil earnings. International
reserves were also up in 2004.Reforms and PrivatizationNigeria's post-1999 political climate has
brought about a determined privatization
program designed to improve the productivi-
ty and efficiency of petroleum exploration,
production, distribution and marketing.
The government, through its 100% state-
owned national oil company Nigerian
National Petroleum Corporation (NNPC), has
had overall control of the industry. Under the
privatization program seven NNPC sub-
sidiaries are to be sold and state-held
refineries are slated for privatization.
The Oil SectorSince 1999, the democratically elected gov-
ernment has done much to restore confi-
dence in the oil sector. Currently, Nigeria is
the world's fifth largest oil producer and a
member of the Organization of Petroleum
Exporting Countries (OPEC).Current Oil ProductionMost of Nigeria’s crude oil production, com-
prising 10 major crude streams, is light sweet
crude with API grades 21-45 and a low sul-
phur content.
• In 2003, Nigerian crude oil production
averaged 2.1 million barrels per day (bbl/d).
• As of August 2004, OPEC raised Nigeria’s
production quota to 2.14 million barrels per
day in the face of record-high crude oil
prices.
Onshore Oil ReservesEstimates of Nigeria's proven oil reserves
range from 25 billion to 35.2 billion barrels.
The majority of these reserves are found in
relatively simple geological structures along
the country's coastal Niger River Delta, but
newer reserves have been discovered in
deeper waters offshore.Offshore Oil ReservesEstimates of recoverable oil reserves in
deepwater geological formations (up to 5000
feet below the surface) range from 8 to near-
ly 20 billion barrels. Nigeria's deepwater has
already produced substantial discoveries and
the bulk of new exploration by major multi-
national oil companies is taking place off-
shore.
Nigeria’s Proven Undeveloped
Fields Project presents a major
opportunity for growth
The CompanyMart Resources Inc. is an international energy company committed to
building substantial shareholder value by acquiring, financing and developing
oil and gas related assets in West Africa. In so doing, the company will become
strategically positioned to capitalize on future expansion in this resource-rich region.
The Opportunity - Nigeria’s Proven Undeveloped Fields Project
The Nigerian government is playing a leading role in proven undeveloped field devel-
opment, and they see it as an effective way to both increase the country’s production
and promote domestic participation in the oil and gas industry. Following the transi-
tion to civilian government in 1999, the Oil Ministry issued new guidelines for the
development of proven undeveloped fields. These called for abandoned or under-
exploited fields to be recovered from operators and production rights re-allocated.
In 2001, the government offered 24 proven undeveloped fields. The fields could only
be awarded to companies incorporated in the country with majority Nigerian owner-
ship. Early in 2003, 31 indigenous companies were selected for farm-out and opera-
tion of the fields.
Mart to Participate in Development of Proven Undeveloped Fields
Over the past several years, Mart has been evaluating opportunities to participate in
the development of proven but undeveloped oil and gas fields in Nigeria under the
Nigerian Marginal Field Allocation Program. Under the Program, which was intro-
duced by Nigerian government decree in 1996, a total of 116 proven but undeveloped
fields were designated as “marginal”, meaning that the fields were believed to hold
commercial quantities of hydrocarbons but were considered to be too small to be
commercially exploitable by multinational oil companies under historical fiscal
regimes. According to published reports, these fields may hold an esti-
mated two billion barrels of oil, and reports suggest that proven unde-
veloped fields have the potential to add over 150,000 barrels per
day to Nigeria's oil production.Mart has undertaken detailed technical and commercial evalua-
tions on 10 of the 24 fields allocated, and has entered into
commercial discussions on five of these fields. Mart has con-
centrated its efforts on those fields located in close proximity
to existing infrastructure, allowing for short development
times and early cash flow generation. Many of the wells in
these fields were drilled in the 1970s and 1980s on the basis
of outmoded 2D seismic; however, most of the fields being
evaluated by Mart are covered by more modern 3D seismic
data, which provides much improved definition of the proven
reservoirs as well as the upside exploration potential in and around
the fields.
Mart has formed strategic partnerships with indigenous Nigerian companies –
all successful bidders – to jointly develop and finance a number of proven undevel-
oped fields. Mart will partner with international industry and financial companies to
fund and develop the projects. The company’s indigenous Nigerian partners will be
responsible for operational support, infrastructure, logistics, local working knowledge
and relationships.
Opportunity forMart
The major multinationaloil companies are nowconcentrating theirefforts and availablefunds on exploitingNigeria’s huge deepwa-ter offshore potential.This has left Mart and afew other smaller com-panies with the excitingopportunity to partici-pate in development ofthe many low-risk, high-reward oil opportunitiesremaining onshore in theprolific Niger Deltaregion of Nigeria.
Nigeria – Ripe for Investment
Abuja
NIGERIA
Yola
Port
Harcourt
Benin
City
Kaduna
Zarla
Lagos
NIGER
BENIN
CAMEROON
CHAD
Nig
er
Kano Maiduguri
Ibadan
Ilorin
Gulf of
Guinea
Obodugwa
Eremor
Qua Ibo
Umusadege
200 ft
200 m
MART
RESOURCESINC.
Based on an African carving.
Empasizes the West African
focus of the company.
MART
RESOURCESINC.
glossy black foil
glossy black foil
copper ink, embossed
blue ink, embossed
processes:
2 colours ink,1 colour foil+ emboss
processes:
1 colours ink,2 colours foil+ emboss
(may be considered expensive
- could replace copper foil with ink)
glossy black foil
copper foil, embossed
blue ink, embossed
MART
RESOURCESINC.
glossy black foil
MART
RESOURCESINC.
processes:2 colours foil+ emboss
Oil, gas and power opportunities
in resource-rich West Africa
MART
RESOURCES
INC.
Based on an African carving.
Empasizes the West African
focus of the company.
RCES
glossy black foil
processes:
2 colours ink,
1 colour foil
+ emboss
processes:
1 colours ink,
2 colours foil
+ emboss
(may be considered expensive
- could replace copper foil with ink)
il
MART
RESOURCES
INC.
processes:
2 colours foil
+ emboss
brochure
PowerPoint

GOLD EXPLO R ATION AND
DEVELOPMENT
IN PERU
SIENNA GOLD INC.
www.siennagold.com
SIENNA GOLD INC.
SUITE 820 - 840 7TH AVENUE SW
CALGARY, ALBERTA
CANADA T2P 3G2
T : 403.508.2061
F : 403.508.2670
SIENNA GOLD INC.
CALGARY, ALBERTA
CANADA T2P 3G2
SIENNA GOLD INC.
CALGARY, ALBERTA
CANADA T2P 3G2
T : 403.508.2061
F : 403.508.2670
E : rucci@telus.net
JOHN M. RUCCI
President and CEO
E X P L O R O M I N E R A L S C O R P
folder
logo
stationery
business card

Sienna Drilling on the Mina Igor Gold Property
The Mina Igor Gold Mining Project is the most advanced of Sienna’s
gold opportunities. The Company has identified five target areas for
exploration within this high potential gold concession. A drilling pro-
gram is underway on one of these target areas (Tesoro 1) and surface
and tunnel exploration proceeds on the other four.
Mina Igor Gold Mine ProjectThe Mina Igor Gold Property is located in the Yanacocha-Pierina gold
belt of Northern Peru, an historic gold mining region dating back to the
Spanish colonial era. Access to the site is a five hour road trip from
Trujillo, which has mining infrastructure and a skilled workforce.
Like Mina Igor, several operating gold mines and deposits in the belt are
sandstone-hosted. The previous operator recovered 5,000 ounces of
gold by crude vat heap leach methods from 15,000 tonnes of mineral-
ized rock in the high-grade breccia zone.Close to world-class gold producers
Peru’s largest gold mines, Minera Yanacocha and
Pierina Mine are located within 75 kilometres of the
Mina Igor property. Together they produced 113.4
tonnes (3.645 million ounces) of gold in 2004.
Barrick’s Lagunas Norte Mine in the Alto Chicama,
can be seen from the Mina Igor Project (approximate-
ly 9.5 kilometres). This mine went into production in
2005 and has reserves of 9.1 million ounces.
The Mina Igor Exploration Program & Results
The Company has initiated exploration and estab-
lished five primary target zones:1. Tesoros 1 Fault and breccia zone
2. Tesoros 2 Fault (Domo)3. Tesoros 3 Fault zone (Callanquitos)
4. Tesoros 1 Fault and breccia zone - Northern extension
5. Lower Intrusive Porphyry zone (Portachuelo & Carmen Alto)
THE COMPANY
Sienna Gold Inc. is a publicmining company based inCalgary, Alberta. We are focusedon exploration and mine develop-ment in Peru - the world’s sixthlargest gold producer. Our objec-tive is to be a mid-tier miningcompany within five years bycombining Canadian and Peruvianbusiness strengths. Peruviandirectors provide local knowledgeand expertise while Canadiandirectors contribute public com-pany experience and access tofinancial markets.
Our key gold prospect is MinaIgor in which we hold 60% withthe option to acquire 100%. Wealso hold options on eight otherproperties, all in Northern Peru.
Work is well advanced on the Tesoros 1 Fault and brec-
cia zone and sampling has recently commenced on
the Tesoros 2 Fault and breccia zone. The Tesoros 1
Fault and breccia zone was extensively sampled
within previous workings which range from 2750
meters to 3200 meters above sea level. The aver-
age grades for these samples are:location
gold g/t silver g/t
3175 Tunnel
5.5
247
3150 Tunnel
3.6
151
3120 Tunnel
1.8
36
14 Lower Tunnels
1.5
63
In late December the Company commenced drilling on the
Tesoros 1 exploration area and has completed 300 meters of cor-
ing. The drill program is for 1,500 meters of BQ (38 mm) diameter
diamond drilling. Additional locations to complete 2,580
meters of drilling have also been identified and will be drilled
following completion of the first phase of the program.
The Sienna Exploration PlansThe company plans the following exploration program in
2006:
1) Continue drilling of the Tesoro 1 zone
2) Extend geologic mapping on the entire 1,000 hectare con-
cession specifically the 4 other target areas that are identi-
fied
3) Prepare and submit to the regulatory authorities a
Declaracion Jurada (an application) which outlines plans for
an additional drill hole program of up to 75 holes.
4) Conduct a preliminary metallurgical study to determine the
best technique for silver and gold recovery.
Other Prospects
Sienna Gold has geologic teams evaluating a further eight properties on
which it holds 12 month options:
Prospect
Target mineralization type
Pachin Alto
High sulfidation gold system
Cerro Blanco
VMS copper previously drilled
Francisco Josefa
Low sulfidation gold system
Llipa
Old copper mine with high grade polymetallic body
Chincha de Huaripampa Copper-zinc skarn
Sitabamba
Low sulfidation gold system
Colcabamba
Gold exploration target
Huaguil
Gold exploration target
A Major Gold Producing Country
Peru is located on the Western Coast of
South America and is the world’s sixth
largest gold producer. Mineral resources
account for approximately 50% of foreign
exchange. Peru is forecast to produce 175
tonnes of gold (5.63 million ounces) in
2005.
Democratic GovernmentThe Peruvian government is composed of
an executive branch, a single chamber con-
gress and a judiciary branch. The President
and all congress members are directly
elected by popular vote every five years.
SIENNA GOLD INC.
Stable Exploration & Mining Environment
In the 1990s, the Peruvian government
made dramatic improvements to the min-
ing laws and the current rules and regula-
tions are both clear and fair regarding the
ownership of mineral rights. Today, most
major mining companies have a presence
in Peru.
Foreign Investment Encouraged
Foreign investors are allowed to remit
abroad (without restrictions) net profits
and other proceeds originating from their
registered investment as well as proceeds
from the transfer of shares, ownership par-
ticipation or rights, capital reductions and
dissolution of companies.
##
ECUADOR
COLOMBIA
BRAZIL
Mina Igor
Pachin Alto
#
Cerro Blanco
MINING IN PERU– AN OVERVIEW
Tesoro 2
Tesoro 1
drilling at Mina Igor
The Igor Domeshowing the two
faults (Tesoros)
IGOR
PROJECT##
PrintedinCanada
ProducedbyTheF.I.R.M.
SIENNA GOLD INC.
GOLD EXPLO R ATION AND
DEVELOPMENT
IN PERU
SGP: TSX-V
www.siennagold.com
brochure

CASPIAN ENERGY INC.
TSX:CEKAIM:CEKQ
folder
PowerPoint

field due to an extensive Soviet era 2D seismic survey and the proximity of significant
producing oil fields.Aral has already re-entered one of the Soviet era exploration wells in the East
Zhagabulak field and re-perforated and tested the well. The well went into produc-
tion in February 2004 and is currently producing approximately 400 bbls of light
crude oil per day.
The North Block is serviced by excellent infrastructure, including electrical power
lines, a good network of all weather roads and an experienced oil industry work force.
The area is crossed by the regional rail oil transportation system and also connected by
a new pipeline from Kenkiyak to Atyrau and on to Western European and Russian
export markets.
Neighbouring FieldsThe North Block and Caspian Energy’s oil and gas properties within the area have
significant producing fields nearby:Alibekmola – Nelson Resources 50% - Kazmunaigas 50%
In 2000, Nelson Resources purchased a 50% interest in Kazakhoil Aktobe, the Kazakh
State Oil Company, KazMunaiGas, owns the other 50%.
Alibekmola was discovered in 1987. The field is a large north - south trending anticli-
nal fold with a faulted western margin. A total of 24 exploration and appraisal wells
were drilled on the field between 1985 and 1994. The estimated remaining proved
and probable oil reserves are 206 mmbbl barrels for Alibekmola. Production in 2004
was 16,000 b/d.
The Alibekmola field is 15 km north of the Zhanazhol field, operated by
Aktobemunaigaz (CNPC) and about the same distance from the Kenkiyak - Orsk
pipeline system. A rail link is available just 50 km from the field. A pipeline system
now links the Alibekmola Field directly with the Black Sea port of Novorossiysk via
the CPC pipeline.
The South Alibek Field – Transmeridian 50%
The South Alibek field is located to the south-west of the Alibekmola field in the
Aktobe. The field covers over 14,000 acres and is surrounded by major producing
fields including Alibekmola, Kenkiyak and Zhanazhol. According to McDaniel &
Associates Consultants, the oil reserves are estimated at 193 mmbbl. They are located
in the KT-2 reservoir, which is identical to producing zones in the Alibekmola and
An Emerging Company Aggressively Targeting Growth
In September 2004, Caspian Energy Inc (formerly Northway Explorations Ltd.) suc-
cessfully completed a merger with Caspian Energy Ltd. In the same month, the com-
pany announced that its common shares had been admitted to trading on the London
Stock Exchange (TSX-V/AIM: CEK).
Today, Caspian Energy Inc is a dynamic international oil and gas exploration company
focused on exploration and development in resource rich Kazakhstan where it has a
number of targets in the highly prospective Aktobe Oblast of Western Kazakhstan.
Caspian Energy Acquires 50% of Aral Petroleum
Caspian has 50% of Aral Petroleum Capital LLP. The remaining 50% is owned by
Azden Management Ltd. (local Kazakh investors). Aral has operated in Kazakhstan
since December 2002, and has assembled a management team of both Kazakh and
international executives who have extensive experience in the Kazakh operating and
regulatory environment.Through its 50% stake in Aral Petroleum, Caspian holds a government-issued explo-
ration contract to explore and develop certain oil and gas properties in the ‘North
Block’. This area is in the prolific Pre-Caspian basin and lies immediately adjacent to
producing fields of Alibekmola, South Alibek, Zhanazhol and Kenkiyak.
In March 2005, the government awarded Aral a further 1,110 sq. km. of territory
adjacent to the North Block. With this acquisition, the North Block has been expand-
ed by 47% from 2,348 sq. km to 3,458 sq. km. Important geophysical information
indicates that a series of geological features associated with salt domes that extend
from the North Block are within the latest acquisition.
Strong Growth StrategyCaspian Energy will employ 3D seismic and the latest western technology to prove up
the maximum amount of reserves from the minimum number of wells. Caspian
intends to crystallize shareholder value through selected developments or through a
targeted program of disposing of its North Block assets at the appropriate stage of
development.
2004/2005 Seismic 3D Program Indicates Significant Structures
Aral has received preliminary interpreted data from the 3D seismic survey of 400
square kilometres in the Zhagabulak area in the ‘Golden Triangle’ of the North
Block. This is prime exploration territory that encompasses the oil-producing Well
213. The government of Kazakhstan has estimated that Zhagabulak has recoverable
reserves of 195 million barrels. The preliminary interpretation of the data indicates
the presence of significant structures. Drilling of the first well is projected to start at
the end of the second quarter of 2005.North Block Proven to Produce
Within the North Block, several producing and non-producing oil fields are operated
by international and Kazakh companies. Caspian is primarily targeting the Zhagabulak
THE REPUBLIC OF KAZAKHSTAN• is located at the eastern margin
of the Pre-Caspian Basin – one of
the world’s largest untapped
hydrocarbon reserves• has reserves of 28 billion barrels
of oil and condensate and 106
trillion cubic feet of gas• was projected to produce 1.09
million bopd and 565 billion cu ft
of gas by 2004
• isn’t a member of OPEC and
therefore not subject to its pro-
duction quota system• has a government that encour-
ages direct foreign investment in
the oil and gas sector.• has an excellent infrastructure of
electrical power, roads, rails and
pipelines
• has an experienced oil industry
workforce.
Location: Central AsiaArea: 2,717,300 square kmPopulation: 16,763,795GDP growth rate: 9.2%
U
ZBEKISTAN
TU
RKM
EN
ISTAN
IRAN
AFGHANISTAN
RUSSIA
CHINA
KYRGYZSTAN
KAZAKHSTAN
TAJIKSTAN
PAKISTAN
Caspian
Sea
Astana
Caspian’sNorth Block
Caspian’s Northern Block licenceCaspian prospects
licences held by other companiesfields held by other companies
Baktygaryn
Bulash
Shengelshly
E. Zhagabulak
Tashir
Kozdysay
Urikhtau(26 million bbls)
Kokzhide(66 million bbls)
Kumsay(43 million bbls)
Bozoba
(5 million bbls)
Zhagabulak
Alibekmola(210 million bbls)
So. Alibekmola(193 million bbls)Zhanazol
(848 million bbls)
Kenkiyak(500 million bbls)
0
25
km
Zhanazhol fields. Extensive 2D seismic data was acquired
over this area up to 1996, and 3D was acquired in 2001. In
2004 production was estimated at 25,000 - 28,500 barrels
p/d. The production rate for the South Alibek Field is 1500
b/d.
Aktobe – China National Petroleum Corporation (CNCP)
In July 1997 China National Petroleum Corporation
(CNPC) acquired a 60% stake in Aktobemunaigaz,
Kazakhstan's second largest oil company. Total CNPC-
Aktobe oil production in 2004 was 5 million tons and is
expected to rise to 6.7 million tons by 2007.
The CNPC acquistion included the Zhanazhol and
Kenkiyakfields. Zhanazhol has estimated reserves in place of
398 million tons (2.99 billion barrels) and recoverable
reserves of 118 million tons (883 million barrels).
Zhanazhol production in 2004 was 95,000 b/d.
The Kenkiyak under-salt field was discovered in 1971 but
remained undeveloped until CNPC acquired the field.
Reserves in place are estimated at 137 million tons (1.03
billion barrels) and recoverable reserves of 44.7 million tons
(335 million barrels).
CNCP/Aktobe oil production in 2004 was 108,000 b/d.
95,000 b/d were from Zhanazhol and 13,000 b/d were
from Kenkyiak. Production is expected to increase to
129,000 b/d by 2006.Pipelines
Kenkiyak-Atyrau Oil PipelineIn June 2000, it was announced that KazTransOil was to
build a pipeline to transport oil from the Kenkiyak region,
and the North Block to Atyrau, to link up with the CNPC
and Samara export pipelines. In the longer term, this
pipeline is intended to form the first part of the strategic
trunk line linking west Kazakhstan and China. There are
also additional above salt reserves that are being developed
by CNCP.
The line was inaugurated on 28 March 2003, although not
fully commissioned until late 2003 and was immediately
used to deliver Aktyubinskneft crude for export. Capacity
expansions to 180,000 and 240,000 b/d are envisaged.
Kazakhstan-China Oil PipelineConstruction of the Atasu (rail loading terminal on the
Omsk-Pavlodar-Chardzhev line) to Alashankou (Druzhba
rail terminal on the Kazakh-China border) section of the
Kazakhstan-China pipeline commenced on 28 September
2004, with the first oil expected to be delivered in 2006.
The 988 km, 32" pipeline will have initial capacity of
200,000 b/d and is planned to increase to 400,000 b/d
from 2011. CNPC has agreed to fund this initial project,
which has been valued by Kazakhstan at US$850 million.
Oil from the Precaspian basin, and the North Block may be
fed in by reversing the Kenkiyak-Atyrau line (operational)
and the Kumkol-Aralsk-Kenkiyak line (proposed). The 752
km. line is scheduled to be in operation on 2011. The 32”
pipeline will have an initial capacity of 400,000 b/d.
U N L E A S H I N G
K A Z A K H S T A N ’ S
O I L R I C H E S
CASPIAN ENERGY INC.
PrintedinCanadaProducedbyTheF.I.R.M.
brochure

SUITE 390
1090 W. GEORGIA ST.
VANCOUVER, BC
CANADA V6E 3V7
TEL: 604-602-9144
FAX: 604-602-9155
SUITE 390
1090 W. GEORGIA STREET
VANCOUVER, BC
CANADA V6E 3V7
SUITE 390, 1090 W. GEORGIA ST.
VANCOUVER, BC CANADA V6E 3V7
TEL: 604-602-9144 FAX: 604-602-9155
rhindson@farwestmining.com www.farwestmining.com
R O B E RT E. HINDSON, P.EN G.
PRESIDENT & CEO
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Falcon™ Airborne GravityGradiometer System revolution-
izes exploration
Falcon is BHP Billiton’s breakthrough
geophysical technology that measures
minute changes in the earth's gravity pro-
ducing colored maps indicating changes in the earth's density
that can give geologists vital clues to the whereabouts of high
value ore bodies. Installed onto a light aircraft and flown over
prospective mining areas it’s a cost-effective, fast way to explore
new terrain.
Far West’s Broken Hill-type (BHT) exploration in
Queensland Australia has the potential for massive capi-
tal appreciation as conceptualized by BHP Billiton. The
Georgetown Project area is believed to have the poten-
tial to host BHT style mineral deposits such as Broken
Hill (280Mt 10.0 % Pb, 8.5 %Zn, 150 g/t Ag) and
Cannington (45Mt 11.9% Pb, 4.8 %Zn, 520 %Ag).
Area ranks third in the world for BHT mineralisation
BHT lead-zinc-silver deposits are high grade, large ton-
nage, lead-zinc silver sulphide deposits. Georgetown
Province is ranked third globally for silver-rich BHT min-
eralisation. There is demonstrated Proterozoic BHT min-
eralization to the north, and numerous BHT prospects
along the Gilberton Pb-Zn corridor that extends into
the project area.
Georgetown Exploration Program
In May 2005, Far West contracted with Fugro Airborne
Surveys Pty. Inc. to carry out a 7,817 line km airborne
electromagnetic/magnetic survey over the Georgetown
properties. The company is anticipating that at least 10
-12 anomalous targets will be generated for subsequent
ground geophysics and drill testing.
In 2002-03, Far West entered into an agreement with
BHP Billiton to explore for iron-oxide copper-gold (IOCG
deposits) in northern Chile’s Candelaria copper belt,
which is rated one of the most prospective IOCG
provinces in the world. The belt hosts numerous copper
deposits including Candelaria (460 million tonnes) and
Manto Verde (350 million tonnes).
Far West recently completed its 100% earn-in on the
Candelaria project from BHP Billiton, which now holds a
2% net smelter return royalty.Falcon gravity survey outlines target areas
In 2002, a 10,700 line km Falcon airborne gravity gra-
diometer technology was flown along a 300 km strike
length of the Candelaria copper belt. The survey out-
lined in excess of 76 target areas containing one or
more distinct gravity anomalies.
4C Drilling ProgramBetween February 2003 and May 2004, reverse circula-
tion (RC) drilling discovered encouraging IOCG mineral-
ization in 3 target areas 3d, 4a, and 4c. Drilling in the
4c target in early 2005 encountered widespread IOCG
mineralization; however, no priority zone has emerged.
4a (Santo Domingo) Target Area
Far West has a 100% interest in three key properties in
the Santo Domingo 4a Target Area.
The properties are strategically located along the major
east-west Santo Domingo fault zone where high grade
copper veins, breccias and mantos are exposed. Previous
Far West drilling in the 4a target area intersected stock-
work/breccia and strata bound manto-style mineraliza-
tion of variable grade and thickness for over three kilo-
metres along the Santo Domingo fault.
Latest drilling on 4a3 cuts significant copper
intercepts
During the recent drilling campaign (April/May 2005), six
holes placed in the Santo Domingo Sur Area intersected
significant a mantos structure, or feeder zone, hosting
Iron Oxide Copper-Gold (IOCG) mineralization. Reverse
circulation (RC) drill hole 22 cut 56 metres from 14
metres below surface grading 0.8% copper, including
14 metres averaging 1.3% copper.Target 4a3 exhibits stacked manto-style mineralization
including a deeper intercept of 22 metres from 186
metres below surface grading 0.7% copper. Hole 22 was
positioned about 2.5 km southeast of the main east-
west Santo Domingo fault. Five other RC holes in the
area intersected numerous 20 to 150-metre intercepts
averaging 0.7-1.1% copper.
The Argentinean Andes are in the top five prospective
magmatic arcs in the world for porphyry copper-gold
deposit exploration. Porphyry deposits provide more
than 50% of the worlds copper supply. Far West is cur-
rently exploring for major deposits in the Farallón
Negro project in Argentina.Proven deposits in the Farralón Negro project area
The Farallón Negro project area has proven large cop-
per-gold porphyry potential
- Alumbrera (752Mt @ 0.51% Cu & 0.67 g/t Au)
- Agua Rica (802Mt @ 0.61% Cu & 0.23 g/t Au).
Falcon gravity airborne survey completed
Because conventional exploration for massive porphyry
copper deposits in much of the Andes is hindered by
extensive post mineral cover, Far West employed the
advanced Falcon system to survey for world-class por-
phyry Cu-Au target areas in the Farallón Negro project.
In April 2005, the Falcon airborne survey was complet-
ed. The areas surveyed covered 7,270 sq km of the proj-
ect area at 800m line spacing and lay to the north and
south of the district hosting the major Alumbrera and
Agua Rica deposits.The data is currently being processed by BHP Billiton’s
Falcon technical team in Australia. It is estimated that
5-8 target areas will be identified for further geological
investigation, geochemical sampling, ground geophysics
and initial diamond drilling.
CHILE , Candelaria IOCG Project
ARGENTINA , Farralón Negro Project
AUSTRALIA , Georgetown Undercover BHT Project
Far West intersects significant iron-oxide copper-gold (IOCG) style mineralization in Chile.
Discovering world-class assets through advanced technology
Far West Mining Ltd. is an international mineral exploration company engaged in the evaluation,
acquisition, exploration and development of mining properties. The company has current operations in
Chile , Argentina and Australia in collaboration with its exploration strategic alliance partner BHP
Billiton.
Far West’s strategic alliances with BHP Billiton
Between 2001 and 2004, Far West entered into seven strategic alliances with international mining
giant BHP Billiton (BHPB). BHPB is a multi-national integrated mining company that focuses solely on
the exploration and development of world class mineral deposits. BHPB brings to the strategic alliances
its revolutionary Falcon exploration technology, specialist expertise on specific mineral deposit types
and significant mine development capacity.
A global focus on world-class assets
brochure

CHAPMAN CORPORATE
COMMUNICATIONS
M I N E R A L S C O R P
SARCOAL
ENERGY
CORP.
COAL ENERGY CORP.
A R I M E X
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