This corporate presentation from Belo Sun Mining Corporation provides information on its Volta Grande gold project in Brazil. Key points include: - Volta Grande is the largest developing gold project in Brazil, with measured and indicated resources of 5.1 million ounces of gold. - A preliminary feasibility study showed average annual production of 313,100 ounces of gold over a 21-year mine life at an operating cost of $711.50 per ounce. - The project received approval of its environmental impact assessment and a preliminary installation license. - Goals for 2014 include releasing a preliminary economic assessment using a staged development approach, expanding resources through drilling, and advancing permits.

1. CORPORATE PRESENTATION
April 2014
The LARGEST developing
GOLD PROJECT in BRAZIL
TSX: BSX

2. All statements, other than statements of historical fact, contained or incorporated by reference in this presentation, but not limited to, any information as to the future financial or
operating performance of Belo Sun, constitute ‘‘forward-looking information’’ or ‘‘forward-looking statements’’ within the meaning of certain securities laws, including the provisions of the
Securities Act (Ontario) and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, without limitation, statements
with respect to: possible events, the future price of gold, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the
timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of projects and new deposits, success of exploration,
development and mining activities, permitting timelines, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks,
unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. The words “anticipates”, ‘‘plans’’, ‘‘expects’’, “indicative”, “intend”, ‘‘scheduled’’,
“timeline”, ‘‘estimates’’, ‘‘forecasts”, “guidance”, “opportunity”, “outlook”, “potential”, “projected”, “schedule”, “seek”, “strategy”, “study” (including, without limitation, as may be qualified by
“feasibility” and “pre-feasibility”), “targets”, “models”, or ‘‘believes’’, or variations of or similar such words and phrases or statements that certain actions, events or results ‘‘may’’, ‘‘could’’,
‘‘would’’, or ‘‘should’’, ‘‘might’’, or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’ and similar expressions identify forward-looking statements. Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while considered reasonable by Belo Sun as of the date of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. The estimates, models and assumptions of Belo Sun referenced, contained or incorporated by reference in this news
release, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in our most recently filed Annual Information Form and our full-year
2012 and September 2013 Management’s Discussion and Analysis as well as: (1) there being no significant disruptions affecting the operations of Belo Sun or any entity in which it now
or hereafter directly or indirectly holds an investment, whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; (2) political and legal
developments in Brazil being consistent with Belo Sun’s current expectations; (3) the exchange rate between the Canadian dollar, Brazil Real and the U.S. dollar being approximately
consistent with current levels; (4) certain price assumptions for gold; (5) prices for diesel, natural gas, fuel oil, electricity and other key supplies being approximately consistent with
current levels; (6) production and cost of sales forecasts for Belo Sun, and entities in which it now or hereafter directly or indirectly holds an investment, meeting expectations; (7) the
accuracy of the current mineral reserve and mineral resource estimates of Belo Sun (including but not limited to ore tonnage and ore grade estimates) and any entity in which it now or
hereafter directly or indirectly holds an investment; (8) labour and materials costs increasing on a basis consistent with Belo Sun’s current expectations; (9) the viability of the Volta
Grande Project (including but not limited to the impact of ore tonnage and grade variability reconciliation analysis) as well as permitting, development and expansion being consistent
with Belo Sun’s current expectations; and (10); access to capital markets. Known and unknown factors could cause actual results to differ materially from those projected in the
forward-looking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in the spot and forward price of gold or certain other
commodities (such as diesel fuel and electricity); increases in the discount rates applied to present value net future cash flows based on country-specific real weighted average cost of
capital; declines in the market valuations of peer group gold producers and Belo Sun, and the resulting impact on market price to net asset value multiples; changes in interest rates or
gold rates; changes
For the PEA, Belo Sun used the October 2013 mineral resource estimate. Mineral resources that are not mineral reserves do not have demonstrated economic viability. External
mining dilution is calculated at 12.3% at zero grade. The diluted life of mine mill feed grade will average 1.14 g/t gold with an average cutoff of 0.48 g/t gold. Based on current
metallurgical testing, the average gold recovery is expected to be 92.8% overall for the life of mine. The ultimate pit design was based on an optimised pit shell using a US$ 1020 /oz
gold price. Internal phases were designed within that ultimate shell. For the purposes of the PEA, only measured and indicated resources were included in the PEA mine design.
Carlos Costa, P.Geo, an employee of the Company and a qualified person under NI43-101, has reviewed and approved the scientific and technical information herein.
2TSX: BSX
Cautionary Notes

3. Volta Grande
(5.1 Moz M&I)
(2.5 Moz Inf)
3TSX: BSX
Key Projects
* For the Purposes of the PEA only measured and indicated resources were included in the PEA mine design.

4. 4TSX: BSX
Resource Expansion (2009 to 2013)
* For the Purposes of the PEA only measured and indicated resources were included in the PEA mine design. Mineral resources that are
not mineral reserves do not have demonstrated economic viability.

5. 5TSX: BSX
Experienced Board & Management
BOARD OF DIRECTORS
Peter Tagliamonte (Chairman)
Engineer
Stan Bharti
Engineer
Jay Hodgson
Geologist
Clay Hoes
Geologist
Rui Santos
Lawyer
Catherine Stretch
Director
MANAGEMENT
BRAZIL OPERATIONS
Carlos Costa
Geologist (30 years experience)
Ricardo Lopes
Geologist (27 years experience)
Omar Antunes
Chemical Engineer
(30 years experience)
Octavio Guimaraes
Engineer (20 years experience)
TORONTO OFFICE
Ian Pritchard
Chief Operating Officer
Ryan Ptolemy
Chief Financial Officer
Pat Gleeson
Corporate Secretary
Mike Hoffman
VP Engineering
Simon Marcotte
VP Corporate Development
Helia Bento
Marketing Manager
Mark Eaton
Director, President & CEO (25 years Capital Markets experience)
Helio Diniz
Director, VP Exploration (30 years experience)

6. Shares Outstanding No. 265.9 million
Fully Diluted No. 285.9 million
Share Price C$ $0.38*
Market Capitalization C$ $101 million
52 Week High & Low C$ $1.17- $0.32
Average Daily Volume
(3 month average)
No. 1,000,000
Cash & Cash Equivalents C$ $13 million **
6TSX: BSX
Capital Structure
*As at March 27h, 2014
**As at Dec 30th, 2013

7. 7
Volta Grande Infrastructure
TSX: BSX

8. 8
Belo Monte Dam Construction

9. 9
Volta Grande Main Deposits (Oct 2013)
TSX: BSX
Ouro Verde
Measured &
Indicated:
44.1 Mt (2.4M oz) @
1.70 g/t Au
Inferred:
22.6 Mt (1.1M oz) @
1.48 g/t Au
Grota Seca
Measured &
Indicated:
47.1 Mt (2.4M oz) @
1.59 g/t Au
Inferred:
18.3 Mt (1M oz) @
1.59 g/t Au
Volta Grande
Total
Measured &
Indicated:
93.8 Mt (5.1M oz) @
1.69 g/t Au
Inferred:
45.5 Mt (2.5M oz) @
1.75 g/t Au
•Details regarding the mineral resource estimate can be found in the Press Release dated Oct 3rd, 2013 that has been filed under the profile of the Company on SEDAR. For the Purposes of the
PEA only measured and indicated resources were included in the PEA mine design. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
•Volta Grande Total includes Ouro Verde, Grota Seca and South Block, underground and pit constrained mineral resources.

10. 10
Volta Grande
Topography
TSX: BSX
View from Ouro Verde
• Deposit located well above
water line
• Upstream damming of river
will further reduce river level

11. Grota Seca
South Block
Ouro Verde
Exploration Camp
11
Opportunities Going Forward
TSX: BSX
GRANDE
*South Block Inferred Resource Estimate
-Indicated Pit Constrained – 2.5M tonnes
@ 3.06 g/t Au containing 246k oz Au
-Inferred Pit Constrained – 2.9M tonnes
@ 3.94 g/t Au containing 370k oz Au
-Indicated Underground – 24k tonnes
@ 4.24 g/t Au containing 3k oz Au
- Inferred Underground – 193k tonnes
@ 4.05 g/t Au containing 25k oz Au
Target Areas for future
resource expansion
* Details regarding the mineral resource estimate can be found in the Press Release dated Oct 3rd, 2013 that has been filed under the profile
of the Company on SEDAR. Please refer to the Cautionary Notes.

12. Grande Artisanal Mine
Quartz veins – N60E/45SE
12TSX: BSX

13. South Block Garimpo Operations - 1980
13TSX: BSX

14. Volta Grande
TSX: BSX
14

15. OURO VERDE
- Central portion of Domain-2
270m
HG zone inside of D2
Sec 975NW
Sec 475NW
15

16. GROTA SECA
- Central portion of Domain-1
- HG zone related to the general trend presented in slide 15
Sec 2050W Sec 1725W
Notes
- Cut-off: aprox. 1.50 ppm
- Num. drill holes: 41
- Num. samples: 487
- Thickness: max=16m, min=2m,
aver=8m
- HG zone near surface
325m
190m
HG zone inside of D1
16

17. GROTA SECA
- Portion along “Galo” area
- HG zone related to the “galo” trend presented in the slide 15
Sec 800W Sec 525W
Notes
- Cut-off: aprox. 1.50 ppm
- Num. drill holes: 42
- Num. samples: 377
- Thickness: need to be
modeled
- HG zones near surface
Main structural controls
TSX: BSX
17

18. Galo – Garimpo U/G Operations
TSX: BSX
18

19. 19TSX: BSX
Artisanal Mining

20. 20TSX: BSX
Artisanal Mining

21. Garimpo Mine - Galo
21TSX: BSX

22. Two
Resource
Updates
2013 Highlights
22
 Measured & Indicated from:
4.1M oz @ 1.73 g/t Au (Dec 2012) 5.1M oz @ 1.69 g/t Au (Oct 2013)
 Inferred from:
2.8M oz @ 1.96 g/t Au (Dec 2012) 2.5M oz @ 1.75 g/t Au (Oct 2013)
Including high grade domain in Measured & Indicated (Oct 2013) of 424,000 oz @ 3.09 g/t Au
Released
PFS
May 2013
 Initial Capital (including tax & contingencies) – US$749,114,400
 Average annual production – 313,100 oz
 Total operating cost including royalties – US$711.50
 Received approval of Environmental Impact Assessment
 Received Preliminary License (LP) (February 2014)
TSX: BSX
* For the Purposes of the PEA only measured and indicated resources were included in the PEA mine design.

23. 23TSX: BSX
2014 Goals
 Released PEA – staged approach
 Drill program on high grade Galo target
 Complete DFS, using expanded resource
 Complete Indigenous study
 Apply for Installation License

24. 24TSX: BSX
Benefit from Lower Brazilian Real
BrazilianReais
1.9
2
2.1
2.2
2.3
2.4
2.5
2.6
Source: Bloomberg April 1st, 2014

25. 25TSX: BSX
PEA – Staged Approach
Project Performance after Tax
Project Data Units Years 1-6 L.O.M
Life of Mine Years 21
Average Annual Mining Rate Mtpa 24.8 27.3
Annual Mill Throughput Mtpa 3.0 4.9
Metallurgical Recovery % 94.1% 92.8%
Average Annual Gold Production oz recovered 147,900 167,309
Average Waste to Mill Feed Strip Ratio Waste:Feed 6.32 4.30
Average Waste to Mill Feed Strip Ratio Waste:(Feed+Stockpile) 3.31 4.30
Average Feed Grade (diluted) grams/tonne 1.66 1.14
Mine Operating Costs
Per Feed Tonne
Mining US$/tonne feed 19.27 13.25
Process US$/tonne feed 9.13 8.64
General and Administration US$/tonne feed 3.49 2.22
Total Operating Cost US$/tonne feed 31.89 24.11
Total Operating Cost including Royalties US$/tonne feed 32.53 24.55
Per Gold Ounce
Mining US$/oz gold recovered 383 373
Process US$/oz gold recovered 182 279
General and Administration US$/oz gold recovered 69 63
Total Operating Cost US$/oz gold recovered 634 715
Total Operating Cost including Royalties US$/oz gold recovered 647 727
CAPITAL COST (including tax) Pre-Production LOM
Initial CAPEX US$ ('000's) 328.7
Sustaining CAPEX US$ ('000's) 104.8
Expansion CAPEX US$ ('000's) 203.6
Preliminary Economic Assessment
* Please refer to Cautionary Notes

26. 26TSX: BSX
PEA – Staged Approach
Project Performance after Tax
Post Tax Evaluation Units Base Case Sensitivity
Gold Price US$ Ounce 1300 1450
NPV 0% US$ Million 1,062 1,472
NPV 5% US$ Million 418 637
IRR % 16.1 21.1
Payback years 4.2 3.3
Capital Cost
Pre Production Costs (US$ millions)
Open Pit $12.6
Processing $114.4
Infrastructure $76.0
Indirects, Contingency, Owners Costs $97.3
Subtotal $300.3
Tax $28.4
Total $328.7
* Please refer to Cautionary Notes

27. 27TSX: BSX
Open Pit Gold Deposits
Source: Canaccord Genuity, Feb 10th , 2014
Criteria used: (1) Predominantly gold by in-situ value. (2) Greater than 5 Moz Au resource. (3) Politically stable jurisdictions.
(4) Owned by developers/small scale producers.
Global Resources (M&I plus Inferred)
Project Name Country State/Province Owner/Operator Tonnes (Mt) Au Grade (g/t)
Contained Au
(Moz)
Morelos Mexico Guerrero Torex Gold Resources Inc 104.4 2.63 8.8
Courageous Lake Canada
Northwest
Territories
Seabridge Gold Inc 156.3 2.27 11.4
Volta Grande Brazil Para Belo Sun Mining Corp 139.3 1.71 7.6
Esaase Ghana Ashanti Region Asanko Gold Inc 194.9 1.66 10.4
Golden Meadows United States Idaho Midas Gold Corp 134.3 1.65 7.1
Marmato Colombia Caldas Gran Colombia Gold Corp 488.8 0.91 14.4
Mt Todd Australia
Northern
Territory
Vista Gold Corp 352.0 0.81 9.1
Eagle Canada Yukon Victoria Gold Corp 300.1 0.65 6.3
Livengood United States Alaska
International Tower Hill
Mines Ltd
1,068.0 0.59 20.1
Converse United States Nevada Chaparral Gold Corp 351.5 0.50 5.7
Metates Mexico Durango Chesapeake Gold Corp 1,246.9 0.49 19.8
Spanish Mountain Canada British Columbia Spanish Mountain Gold Ltd 533.0 0.40 6.8
Batero-Quinchia Colombia Risaralda Batero Gold Corp 490.9 0.39 6.1

28. 28TSX: BSX
Belo Sun 6 Month Stock Trade
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
10-Sep-13 10-Oct-13 10-Nov-13 10-Dec-13 10-Jan-14 10-Feb-14 10-Mar-14
Source: Bloomberg April 1st , 2014

29. 29TSX: BSX
Volta Grande – Preliminary Project Layout

30. 30TSX: BSX
Proposed Location of Plant Facility

31. 31TSX: BSX
Regional Geology & BSX
Sampling/Geophysics
Garimpinho
79.5 g/t Au in diorite
Javae
120.9 g/t quartz vein colluvium/alluvium
Surubim
Buma *
28 km road access from Itata to BUMA
BSX airborne survey limit
 BSX airborne Mag/Rad Survey – covered 130km strike (pending data processing)
 Eastern part of the greenstone was not covered in previous work
7 DDH = 1,100m + auger drilling
700,000t @ 0.8 g/t Au (oxide)
 grab sample 60 g/t Au (VQz)
Jatoba
 11 DDH = 2,389m + auger drilling
11m @ 0.3 % Cu (up to 1.38% Cu)
 Geotem-mag airborne survey
 grid soil sampling: up to 189 ppb Au
(1km line spacing)
* Historical Resource - Non NI 43-101 Compliant and should not be relied upon.

32. 32
Artisanal Workings
TSX: BSX

33. More than one million ounces of historical
gold production at Patrocinio
3.0 km by 1.5 km soil geochemical
anomaly defined
Grab samples have returned gold values up
to 37 g/t in granite and up to 67 g/t in veins
IP geophysical survey completed
1,500 meter drill program completed
One hole returned 23.35m of 1.35 g/t Au
2013 drill program – 5000 meters
16m of 5.2 g/t Au and 15m of 2.66 g/t Au
33TSX: BSX
Patrocinio
Tapajos District

34. Patrocinio Project Garimpeiro Mining
34TSX: BSX

35. 35TSX: BSX
Independent Research Coverage
Firm Analyst
TD Securities Dan Earle
CIBC Jeff Killeen
BMO Capital Markets John P. Hayes
National Bank Financial Shane Nagle
Cormark Securities Richard Gray
Canaccord Genuity Rahul Paul
Dundee Capital Markets Joseph Fazzini
Macquarie Capital Markets Michael Gray
Scotiabank Global Banking& Markets Ovais Habib
THE FOREGOING LIST INCLUDES THE NAMES OF ALL FIRMS CURRENTLY KNOWN BY THE COMPANY TO HAVE ANALYSTS COVERING THE COMPANY. THIS LIST MAY NOT BE COMPLETE AND IS SUBJECT TO CHANGE BY FIRMS' CHANGING OF
COVERAGE. PLEASE NOTE THAT ANY OPINIONS, ESTIMATES OR FORECASTS REGARDING THE COMPANY MADE BY THESE ANALYSTS ARE THEIRS ALONE AND MAY NOT REPRESENT THOSE OF THE COMPANY. THE COMPANY IS PROVIDING
THIS LISTING AS A SERVICE TO ITS STOCKHOLDERS AND, BY LISTING, IS NOT IMPLYING ITS ENDORSEMENT OF OR CONCURRENCE WITH SUCH ANALYST REPORTS. THOSE INTERESTED IN SUCH REPORTS SHOULD OBTAIN THEIR OWN
COPIES AND CONTACT THEIR BROKERS OR THE RESPECTIVE FIRMS.
Independent Research – Full Coverage

36. 36TSX: BSX
Belo Sun vs. Peers
1.1x
0.8x
0.8x
0.7x 0.7x 0.7x
0.6x
0.5x 0.5x
0.5x
0.7x
0.4x
1.1x
Midas Probe Romarco Rubicon Lydian Sulliden Sabina Guyana Pretium Torex Peer Median Belo Sun Int. Producer
Peer Median
Source: BMO Capital Markets - Bloomberg and select Street Research, March 20th, 2014
Note: Intermediate Producer peer set includes: African Barrick, Alacer, Allied Nevada, AuRico, B2Gold, Centamin, Centerra, Detour Gold, Eldorado, Harmony, IAMGOLD, New Gold, Petropavlovsk,
Randgold, SEMAFO

37. 37TSX: BSX
BSX NAV per Share
$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000
US$perShare
Gold Price (US$/oz)
BSX NAV per Share at 5% Discount Rate
BSX Sensitivities- CIBC WM
NAV/Sh
Gold Price (US$/oz)
0.00 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000
DiscountRate
0% 0.37 1.31 2.25 3.19 4.13 5.07 6.01 6.95 7.89 8.83 9.77
5% 0.35 0.45 1.08 1.71 2.33 2.96 3.58 4.21 4.84 5.46 6.09
8% 0.35 0.35 0.64 1.14 1.64 2.14 2.64 3.14 3.64 4.14 4.64
10% 0.35 0.35 0.43 0.86 1.29 1.72 2.16 2.59 3.02 3.46 3.89
Source: Jeff Killeen, CIBC World Markets – Jan 7th, 2014

38. 38TSX: BSX
Camp Site

39. 39TSX: BSX
Aerial View

40. 0m
-200m 190m 50m
70m
SW NE
-400m
Block Size: 12.5 X 5.0 X 10.0 m
MR Open Pit
g/t Au
Mining - Saprolite US$/t 1.06
Mining - Fresh rock Open Pit US$/t 1.41
Processing US$/t 11.98
G & A US$/t 2.89
Au recovery - Saprolite % 94
Au recovery - Fresh Rock % 94
Selling cost US$ / Oz 13.82
Au Price US$ / Oz 1,400.00
40
Ouro Verde – Block Model Cross Section 900 NW
TSX: BSX

41. 0m
-200m
150m
120m
SW NE
60m
-400m
Block Size: 12.5 X 5.0 X 10.0 m
MR Open Pit g/t Au
Mining - Saprolite US$/t 1.06
Mining - Fresh rock Open Pit US$/t 1.41
Processing US$/t 11.98
G & A US$/t 2.89
Au recovery - Saprolite % 94
Au recovery - Fresh Rock % 94
Selling cost US$ / Oz 13.82
Au Price US$ / Oz 1,400.00
41
Ouro Verde – Block Model Cross Section 525 NW
TSX: BSX

42. 120m25m
SW NE
70m
0m
-400m
-200m
Block Size: 12.5 X 5.0 X 10.0 m
MR Open Pit g/t Au
Mining - Saprolite US$/t 1.06
Mining - Fresh rock Open Pit US$/t 1.41
Processing US$/t 11.98
G & A US$/t 2.89
Au recovery - Saprolite % 94
Au recovery - Fresh Rock % 94
Selling cost US$ / Oz 13.82
Au Price US$ / Oz 1,400.00
42
Ouro Verde – Block Model Cross Section 300 NW
TSX: BSX

43. 43
Grota Seca – Block Model Cross Section 2575 W
0m
-200m
30m 20m
25m
SSW NNE
MR Open Pit
Block Size: 12.5 X 5.0 X 10.0 m
g/t Au
Mining - Saprolite US$/t 1.06
Mining - Fresh rock Open Pit US$/t 1.41
Processing US$/t 11.98
G & A US$/t 2.89
Au recovery - Saprolite % 94
Au recovery - Fresh Rock % 94
Selling cost US$ / Oz 13.82
Au Price US$ / Oz 1,400.00
TSX: BSX
43

44. 44
Grota Seca – Block Model Cross Section 1875 W
0m
-200m
90m
30m
75m
SSW NNE
MR Open Pit
Block Size: 12.5 X 5.0 X 10.0 m
g/t Au
Mining - Saprolite US$/t 1.06
Mining - Fresh rock Open Pit US$/t 1.41
Processing US$/t 11.98
G & A US$/t 2.89
Au recovery - Saprolite % 94
Au recovery - Fresh Rock % 94
Selling cost US$ / Oz 13.82
Au Price US$ / Oz 1,400.00
TSX: BSX
44

45. 0m
-400m
-200m
190m
60m
130m
SSW NNE
Block Size: 12.5 X 5.0 X 10.0 m
MR Open Pit
g/t Au
Mining - Saprolite US$/t 1.06
Mining - Fresh rock Open Pit US$/t 1.41
Processing US$/t 11.98
G & A US$/t 2.89
Au recovery - Saprolite % 94
Au recovery - Fresh Rock % 94
Selling cost US$ / Oz 13.82
Au Price US$ / Oz 1,400.00
45
Grota Seca – Block Model Cross Section 825 W
TSX: BSX

46. 46TSX: BSX
Breakdown by Elevation
VGP - Pit Constrained MR – Sep 2013 (Belo Sun)
ELEVATION
Tonnage AU_CUT_OK
Au Oz
T x 1000 g/t
100MD 2,064.839 1.65 109,696
90MD 2,483.037 1.63 130,030
80MD 2,799.670 1.68 150,979
70MD 3,078.703 1.71 169,315
60MD 3,197.871 1.73 177,571
50MD 3,158.016 1.73 175,800
40MD 3,081.058 1.73 171,033
30MD 2,993.089 1.72 165,954
20MD 2,872.085 1.70 156,959
10MD 2,726.778 1.72 150,532
0MD 2,632.665 1.74 147,098
-10MD 2,597.336 1.78 148,341
-20MD 2,574.871 1.84 152,064
-30MD 2,530.356 1.82 147,883
-40MD 2,453.314 1.79 141,555
-50MD 2,350.234 1.85 139,680
-60MD 2,241.072 1.90 136,772
-70MD 2,188.391 1.87 131,680
-80MD 2,142.159 1.85 127,423
-90MD 2,044.708 1.86 122,368
-100MD 1,946.772 1.86 116,363
-110MD 1,852.345 1.82 108,247
-120MD 1,737.226 1.81 101,167
-130MD 1,596.591 1.82 93,490
-140MD 1,473.223 1.78 84,542

47. TSX: BSX 47
THE RIGHT DEPOSIT…..
THE RIGHT PLACE …..
THE RIGHT TIME…..
THE RIGHT PEOPLE…..

48. 48TSX: BSX
Appendix
PEA Site Plan

49. 49TSX: BSX
Appendix
PEA PFD

50. 50TSX: BSX
Appendix
Volta Grande Process Plant Parameters
Annual Processing Rate 3,000,000 t/y
Daily throughput 8,220 t/d
Design feed rate for crusher circuit 457 t/h
Design feed rate for Mill/Leach circuit 376 t/h
Overall Plant recovery avg. 94 %
Primary Jaw Crusher 1 unit
Product P80 150 mm
SAG Mill 30 ft diam. X 15 ft 1 unit
SAG Mill installed power 7,500 kW
Ball Mill 18 ft diam. X 30 ft 1 unit
Ball Mill installed power 4,750 kW
Bond ball mill work index 16 kWh/t
Abrasion index (AI) 0.5
Average Gravity Gold Recovery 45 %
Pre-Leach Thickener 30 M
CIL Circuit 6 stage
CIL Circuit residence time 24 hours

51. 51TSX: BSX
CRUSHING
STOCKPILE
SEMI AUTOGENOUS
MILLING, BALL
MILLING
GRAVITY SEPARATION
INTENSIVE LEACHING
THICKENING
CARBON IN LEACH
ELUTION CARBON
REGENERATION
ELECTROWINNING
SMELTING
DORE BARS
CYANIDE DETOX
TAILINGS
TREATMENT
Appendix
Pre-feasibility

52. Corporate Headquarters
65 Queen Street West
Suite 815, P.O. Box 75
Toronto, Ontario M5H 2M5
The LARGEST developing
GOLD PROJECT in BRAZIL
TSX: BSX
Helia Bento
Investor Relations
416-309-2137
hbento@belosun.com