Objective Capital's Global Resources Investment Conference 2011 Stationers' Hall, City of London 27-28 September 2011 Day 1- Session 3: Strategic metals – the resources everybody wants Speaker: John Clarke, Great Quest Metals

1. Discovery and phosphate potential in Mali John Clarke – Great Quest Metals

2. @Objectivelive GLOBAL RESOURCESINVESTMENT CONFERENCE 2011 Lead sponsor: Media partners: Other sponsors & participating organisations:

3. 3 DISCOVERY AND PHOSPHATE POTENTIAL IN MALI TSX-V GQ SEPTEMBER 2011 WWW.GREATQUEST.COM

4. 4 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements or forward-looking information within the meaning of applicable securities legislation (hereinafter collectively referred to as "forward-looking statements") concerning the Company's plans for its properties, projects, operations, subsidiaries and other matters. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management regarding operations of the Company which are subject to a variety of business and market risks, including political and regulatory risks associated with mining and exploration in Mali. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are based on certain assumptions which the Company believes are reasonable, however, forward-looking statements are subject to a variety of business and political risks and uncertainties. Some of the important risks and uncertainties that could affect forward-looking statements are also described in the Company's continuous disclosure filings made with Canadian securities regulatory authorities, which are available at the SEDAR website and on the Company’s website. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, they may adversely affect the Company’s business and prospects and actual results may vary materially from those described in forward-looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, other than as required by applicable laws. Investors are therefore cautioned against placing undue reliance on forward-looking statements.

6. Constitutional democracy since 1992 – one of the most politically and socially stable countries in Africa

7. Area of 1.2 million km2 and population of >14 million1; growing at 2.6% pa

8. Agricultural sector represents 39% of GDP and 80% of workforce1

9. Third largest producer of gold in Africa

10. 60 tonnes of Gold expected in 20112

11. Mining friendly environment with numerous active, international exploration and production firms

12. GQ active for over 15 years“Mali stands out as a stable democracy in the midst of the troubled West African region. The predominantly Muslim country began a transition to democracy in 1992 and continued with a peaceful change of power in 2002.” - USAID, Africa (July 22, 2010) 5 CIA World Factbook Malian Government., Reuters

13. 6 World Phosphate Supply and Demand Phosphate is the naturally occurring form of the element, phosphorus. It is one of three key ingredients of agricultural Fertilizers Phosphate from mineral deposits is the only source of phosphate used in the manufacture of fertilizers 90% of phosphate is used for fertilizer Phosphate is also used for animal feed supplements, food preservatives, anticorrosion agents, cosmetics, fungicides, ceramics, water treatment and metallurgy Two sources of phosphate  Sedimentary Rock & Igneous Rock 80-90% of world production provided by sedimentary rocks Moroccan phosphate rock regarded as standard with ~30% P2O5 grade mining 1-3m wide beds

16. TagitN’Ouerane: Historical samples of 10.65- 20.99% P2O5 with an average of 16.96% P2O5 over 0.1-0.8m thickness

18. Average thickness of 0.8m to 2.5m

19. 100,000 tonnes mined from 1970 to 2000Remote Sensing Map Phosphate Interpretation Tagit N’Ouerane Chanamaguel Tin Siriden Alfatchafa Tin Hina

21. Products include cotton, pearl millet, maize, rice, tobacco, vegetables

22. 85-90% of arable soils in Mali are iron-rich tropical soils, generally low in phosphorus

24. Contract with the Malian Institute for Rural Economy (IER): GQ’s direct contact with representative farmers who would use the material in sample plots to demonstrate effectiveness.

26. July 2010: Phosphate advisory committee appointed; Ehud Levy joins the board

27. January 2011: 30 year Convention d’Etablissement received, allowing Great Quest to move forward with further exploration and drilling

28. February 2011: Remote sensing identifies phosphate targets

29. May – July 2011: Phase 1 drilling - 275 holes 5049 meters

30. October 2011: Phase 2 drilling to commenceTagit N’Ouerane Chanamaguel Tin Siriden Alfatchafa Tin Hina

31. 10 Tilemsi Phase 1 - 2011 Remote Sensing Map Phosphate Interpretation Tagit N’Ouerane Chanamaguel Tin Siriden Alfatchafa Tin Hina

32. 11 Proposed Tilemsi Tin Hina Phase 2 - 2011 Tin Hina AC drilling 2011. Red diamonds – executed drill holes Blue diamonds – planned drill holes, not drilled yet. Purple diamonds – GPS readings around phosphate outcrops Red polygons – Remote sensing Phosphate anomalies, Purple polygon –outline of phosphate bed defined by drilling.

34. The program was executed on 2 of the presently defined 3 target areas – the Tin Hina and Alfatchafa hills. The highly prospective Chanameguille target will be tested in the phase 2 drilling program.

35. At Tin Hina drill holes intersected 2 distinct horizons (seams) of phosphate mineralization seam “A” averaged 23.73% P2O5 present in 104 of the drill holes averaging 1.43m thick intercepted at an average depth of 6.62 m, a second seam was identified in 4 of the holes averaging 27.60% P2O5 intercepts average 1.75m thick at an average depth of 8.00m from seam “A”. Successful drill holes cover a surface area of approximately 6.75 km2 on this target area.

37. The ore is free of many of the common impurities that plague phosphate ores including cadmium, and uranium.

38. The ore has negligible organic carbon and the CaO/ P2O5 ratio points to ore clean of calcite.

40. Sadiola and Yatela (Anglogold/IAMGOLD)

41. Loulo and Gounkoto (Randgold)

42. Segala and Tabakoto (Avion Gold Corp.)

43. Great Quest holds 100% of two gold projects

44. Sanoukou Project (148 km2)

45. Sanoukou

46. Fambina

47. DabiaOuest

48. Bourdala Project (80km2)14

49. Work Programs - 2011 15 Q3 Q4 Q2 1st Phase Drilling in Alfatchafa Phase 1 drilling summary report Phosphate Scoping Study 2nd Phase Drilling in Alfatchafa 1st Phase Drilling in Sanoukou Sanoukou Summary Report Gold Fambina Reconnaissance 2012 Gold Exploration planning

51. First phase drilling complete discovering 13.45 km2 of phosphate mineralisation.

54. First phase drilling complete discovering 13.45 km2 of phosphate mineralisation.

57. UN forecast growth to 9 billion

58. “You can’t feed the people without feeding the plants” - Kennedy School researcher

59. One of our greatest challenges and one of our greatest opportunities18 Closing comment