1. Miners, Operators, Builders
…unlocking value in resource assets
January 2014

2. A Unique and Proven Model
Each company
has access to:

Global network of
political leaders

Industry experts

Technical teams

Developmental teams

Financial experts
Talent
Capital
Strengthen
Companies &
Increase Value
Strategy
…in over 30
countries around
the world.
2

3. Global Mining Footprint
Coastal Gold
Silver Bear Resources
Pitchblack Resources
Alderon
Black Iron
Coastal Gold
Mason Graphite
Emerita Gold
Savary Gold
Alder Resources
Allana Potash
Brazil Potash
Belo Sun
Aguia
Sulliden Gold
Crocodile Gold Corp.
Coastal Gold
Antofagasta Gold
Allana Potash
Pitchblack Resources
Aguia
Kombat Copper
Irati Energy
Forbes Coal
Legacy Platinum
Rodinia
Forbes & Manhattan Headquarters
Forbes & Manhattan Offices
Crocodile Gold Corp.
Projects / Operations
3

4. What We Bring
Integrated Team Built on Technical and Operational Expertise
and Accomplished Financial Markets Professionals
Stan Bharti
Founder and
Executive Chairman
Technical
Team
• Over 50 engineers
• Over 50 geologists
• Expertise in all
mining, energy and
agriculture products
Legal
Team
• 11 (globally)
full-time
securities
lawyers and
support staff
Advisory
Board
Financial
Team
Admin /
Accounting
• Over 30 people
with expertise in
• Over 20
accounting and
administration
staff
– M&A
– Investment banking
– Corporate Finance
– Corporate Development
– Investor relations
4

5. Who We Are
Executive Committee
Stan Bharti, P.Eng, Founder, Executive Chairman and CEO
Internationally educated as a professional mining engineer, Mr. Bharti has over 30 years
of experience in operations, public markets and finance. He has been instrumental in
acquiring, restructuring and financing numerous mining assets worldwide generating
billions in market capitalization. Mr. Bharti is bottom line driven with an enormous
capacity to manage multiple complex transactions.
Chief Operating Officer – Scott Moore
Chief Financial Officer – Deb Battiston
Agriculture
David Argyle
Gold Group
Mark Eaton
Corporate Finance
Fred Leigh
Iron Ore Group
Matt Simpson
Investments
David Stein
Mine Engineering
Mike Hoffman
Geology
David Gower
Mining
Parviz Farsangi
Oil & Gas
Ahmed Said
Agriculture & Technology Prakash Hariharan
Legal
Pat Gleeson
5

6. International Advisory Board
Peter Boot, South America
25 years in finance; experience in Brazil, Curacao, Venezuela, Paraguay & Bolivia
Marquess of Reading
Lord Reading has previously served as Member of the House of Lords for 19 years
Larry King, U.S.A.
American icon; Former Host of CNN’s Larry King Live
General Lewis MacKenzie, Canadian Army (Ret.)
Canadian Forces for 35 years; led the UN peacekeeping mission in Sarajevo
Hon. Pierre Pettigrew, PC, Canada
Served as Canadian Federal Minister of Foreign Affairs and International Trade
Jim Rogers
Author, financial commentator and successful international investor.
General Sir Michael Rose, British Army (Ret.)
Highly decorated former SAS Commander for the British Army
Michael Spektor
President of the Company VS Energy International Ukraine since 2006
Bernard Wilson
Corporate Finance and Investment Banking advisor with substantial experience in restructurings
6

7. F&M at a Glance
Over the last 10 years, we have…

Discovered more than 20M oz of gold to 43-101 compliant standards worth
more than $34 billion in situ value today

Produced almost 1 million oz from mines that were built or re-started by our
teams. Another million ounces have been produced from gold mines bought
from F&M companies.

Discovered + 3 billion tonnes of iron metal to 43-101 compliant standards (and
+ 10 billion tonnes of iron ore)

Produced 3.3 million tonnes of saleable iron ore concentrate before being
acquired and another 12 million tonnes since.

Operated, expanded and produced successfully from coal and nickel mines.

Discovered under 43-101 or JORC compliant standards resources in silver,
zinc, nickel, potash, phosphate, vanadium, tungsten, lithium, and other
commodities.
7

8. Building Companies & Creating Value
Cumulative Value Added
Source: Bloomberg, F&M
8

9. Case Study: Consolidated Thompson
Founded Consolidated Thompson Iron Mines
•
World Class Iron Ore Project in Quebec
•
Built from exploration stage in 2005 through to production in 2010
• Completed scoping study, 3 feasibility studies, secured off-take and
financing agreements with China.
•
Market cap when F&M got involved was $1 million; sale price market
capitalization of $4.9 billion
•
Raised approximately $1 billion, including a strategic US$240 million
investment from Wuhan Iron & Steel Co. (WISCO)
9

10. Case Study: Consolidated Thompson
Value Realized:
Acquired by Cleveland Cliffs Natural Resources Inc. for $4.9billion
• ~7,700% return over 4 years
10

11. Case Study: Alderon Iron Ore
Founded Alderon Iron Ore in March 2010
• World class iron ore project in the heart of the Labrador Trough,
Canada’s Premier Iron ore District
• Kami Property consisted of three map-staked licenses at the time of
acquisition (March 2010)
• Completed 2 NI 43-101 mineral resource estimates, a PEA, and a
Bankable Feasibility and secured a strategic partner and a major offtake agreement within two years of acquiring the asset
11

12. Case Study: Avion Gold
Founded Avion Gold Corp
• Acquired Tabakoto / Segala mine in Mali, West Africa mid-2008 from
Nevsun Resources for US$ 20 million
• Over US$150 million in infrastructure was invested by Nevsun:
brand new mill, accommodations, roads and power facilities
• Avion’s expert team turned around the operation and put the
property back into production. We build value in struggling assets
where others cannot – our technical team is one of the best in the
world
• 4.8 million ounce resource with significant exploration upside
MALI
BURKINA
FASO
12

13. Case Study: Avion Gold
Production Ramping Up
Gold Production (000’s oz)
Potential to double
production
~100,000 oz
>$0.88
$0.22
~50,000 oz
Cost
(Oct ‘07)
EDV
Deal Value
• 300% return
• Market cap $390M
2009
2011
Future
13

14. Technical Team Strength
Tayfun Eldem , Mining Engineer
Mr. Eldem worked for the Iron Ore Company of Canada, a Rio Tinto subsidiary,
for more than 20 years, including 3 years as a Director on the joint-venture
Board. During this period, Mr. Eldem held many senior roles including Vice
President, Expansion Projects & Engineering and Vice President, Operations &
Engineering. Mr. Eldem holds a Bachelor of Engineering degree from Dalhousie
University along with Operations & Strategic Management Certificates from
Richard Ivey School of Business and London Business School.
Mike Hoffman, Mining Engineer
Mr. Hoffman is a professional mining engineer with over 28 years of experience
in open pit and underground mine operations, projects, engineering and
corporate development. He served in senior executive positions at Crocodile
Gold, Crowflight Minerals Inc., Goldcorp Inc., Desert Sun Mining Corp., and
Yamana Gold Inc. He has been responsible for leading a team in the design
and construction of large mining projects such as the #3 Shaft Project at Red
Lake and the construction of Crowflight’s Bucko Mine. Currently, Mr. Hoffman is
a director of several F&M Group Companies including Aberdeen International
and Crocodile Gold. Mr. Hoffman holds a Bachelor of Applied Science degree in
mining engineering from Queen’s University.
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15. Technical Team Strength
Bruce Humphrey, Mining Engineer
Mr. Humphrey is a mining engineer with over 30 years experience with such
major companies as Goldcorp, Inco, Cominco and Noranda. He recently served
as Chairman of Consolidated Thompson Iron Mines Ltd. During his time as the
President and Chief Executive Officer of Desert Sun he contributed to the
successful development of the Jacobina Mine in Brazil. Prior to Desert Sun, Mr.
Humphrey served as Senior Vice President and Chief Operating Officer at
Goldcorp Inc. during the re-development of its high-grade Red Lake mine. He is
a member of the Professional Engineers of Ontario. Currently Mr. Humphrey
serves on several F&M boards including Chairman of Black Iron Mining (Iron
Ore, Ukraine).
Richard Bishop, Mining Engineer
Mr. Bishop is a mining engineer that joined F&M from RBC Capital Markets,
where he was a gold mining equities analyst covering exploration and
development stage mining companies. He has industry experience in gold,
molybdenum, titanium, tungsten, and phosphate, having worked for Mosaic,
Iluka Resources, Freeport McMoRan, and Barrick Gold. Mr. Bishop holds a
Bachelor of Science degree in Mining Engineering from Virginia Tech, and a
graduate certificate in Mining Engineering from the European Mining Course in
Finland, England, Germany, and the Netherlands.
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16. Technical Team Strength
Ian Pritchard, Mining Engineer
Mr. Pritchard is a professional with over 20 years of experience in project and
operations management in the mining industry both in North America as well as
internationally, including, in particular, Brazil. Mr. Pritchard’s mining experience
includes the management of pre-feasibility and feasibility studies, engineering,
procurement and construction management projects. He has held senior
executive positions at various organizations worldwide including SNC-Lavalin
and De Beers Canada.
16

17. Technical Team Strength
Neil Ringdahl, Mining Engineer
Mr. Ringdahl is a mining engineer with 17 years experience held in senior
management positions with a number of companies including Anglo Platinum,
Golden Star Resources, and an executive position with Peruvian base metals
producer Volcan Companía Minera. Most recently, he was country manager for
Ancash Mining (now a Korea Zinc subsidiary). On behalf of the defaulting
creditors, he was responsible for taking the company through the administration
process. He also financed and managed the construction and commissioning of
its silver/base metals concentrator and mine. Neil has led a number of mining
and project teams on mines across South America and Africa. He spent five
years as a consultant specializing in strategic and tactical mine planning on
various diamond, precious and base metals mines around the world.
Peter Tagliamonte, Mining Engineer
Mr. Tagliamonte is a professional mining engineer and also holds an MBA from
the Richard Ivey School of Business, at the University of Western Ontario. He
is the former President and CEO of Central Sun Mining Inc. and Chief
Operating Officer of Desert Sun Mining Corp. where he was responsible for the
development of the Jacobina Mine in Brazil into a 4,200-tonne-per-day mining
operation. Mr. Tagliamonte has over 25 years of progressive managerial
experience building and operating mines worldwide, notably in Central and
South America. In 2005, he received the Mining Journal's "Mine Manager of the
Year" award in recognition for his work in the mining sector.
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18. Technical Team Strength
Allan Polk, Mining Engineer
Mr. Polk is a mining engineer with over 20 years of experience in mine
operations and consulting for both underground and open pit mines in a variety
of commodities at mines and projects around the world. He is an expert in
resource to reserve conversion as a qualified person for technical reports and
as a corporate representative at operating mines. Allan recently worked at Pan
American Silver Corporation as the Director of Mining Engineering and was a
Principal Engineer at Snowden Mining Industry Consultants in Vancouver.
Mark Trevisiol, Engineer
Mr. Trevisiol is a professional mechanical engineer with over 24 years of
management experience in the base metals industry, the majority of which
have been spent specifically in the nickel sector. Between August 2009 and
December 2010, Mr. Trevisiol acted as CEO of Crowflight Minerals. Mr.
Trevisiol was the Chief Operating Officer of Liberty Mines, where he was
responsible for their mining and milling operations in Timmins, Ontario.
Formerly General Manager of Business Development & Strategy of Xstrata
Nickel Sudbury Operations, Mr. Trevisiol spent 18 years with Falconbridge Ltd
in various roles, including General Manager of the Sudbury Smelter business
unit, Production Manager of the Sudbury smelter and Superintendent of the
Kidd Creek zinc operations. He holds a mechanical engineering degree from
the University of Waterloo.
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19. Technical Team Strength
David Gower, Geologist
Mr. Gower has over 20 years of experience in exploration with Falconbridge,
Noranda (now X-strata) most recently as Director of Global Nickel and PGM
exploration. He was a member of the Senior Operating Team responsible for
mining projects with Falconbridge. He has led exploration teams which were
responsible for brownfields discoveries at Raglan and Sudbury, Matagami,
Falcondo – DR, and greenfield discoveries at Araguaia in Brazil, Kabanga in
Tanzania and significant increases in known resources at Kabanga in Tanzania
and El Pilar in Mexico. He has a Bachelor of Science In Geology from Saint
Francis Xavier University and a Masters degree in Geology from Memorial
University.
David Stein, Geologist
Mr. Stein is an investment manager specializing in natural resource assets and
companies. He is the CEO of Aberdeen International, our in-house fund
management company. He served as director for three public companies and
three private companies with direct experience in and exposure to Latin
America, Asia, and Africa. Mr. Stein is a former top-ranked mining equity
analyst with Cormark Securities/Sprott Securities in Canada. He earned a
Bachelors’ degree in Geological Engineering and Masters’ degree in Geology
from Queen’s University, Canada.
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20. Technical Team Strength
Bill Pearson, Geologist
Dr. Pearson is a professional geologist with 38 years of experience in the
national and international mining industry in all phases from grassroots
exploration through to advanced projects and mine development. Has carried
out exploration programs in 15 countries in North and South America, Europe,
East Asia and Australia. He was the former Vice President, Exploration for
Desert Sun Mining Corp. prior to the April 2006 takeover by Yamana Gold Inc.
and the former Executive Vice President, Exploration for Central Sun prior to
the April 2009 takeover by B2Gold Inc. He holds a B.Sc. In Geology from the
University of British Columbia and a M.Sc. and Ph.D. from Queens University in
Ontario.
Joseph Arengi, Geologist
Mr. Arengi is a professional geologist with 38 years of exploration and
operational experience throughout Canada, Central America, South America
and Africa. Prior to joining Alder Resources, Mr. Arengi was V. P. Exploration for
Hana Mining Ltd. where he managed the team that discovered 4.0Bn pounds of
copper and 60MMoz of silver in the Kalahari Copper Belt of northwest
Botswana. Prior to that he was Regional Exploration Manager of Central
America and the Caribbean Basin for Aur Resources Inc., a mid-tier copper
producer acquired by Teck Resources Ltd. in 2007. He holds a M.Sc. in
Geology from the University of Toronto and a B.Sc. in Geology from the State
University of New York.
20

21. Technical Team Strength
Bill Nielsen, Geologist
Mr. Nielsen is a professional geologist with over 35 years of worldwide mineral
exploration and development experience. Most recently, he has been working
as a senior industry consultant to mining exploration companies working with a
variety of commodities in various countries and geological environments. From
2003 to 2008, Mr. Nielsen was the V.P. Exploration of Nevsun Resources Ltd.,
where he played a significant role in the discovery of the Bisha gold-VMS
deposit in Eritrea. He has worked with the F&M group since early 2010.
Raymond Spanjers, Geologist
Mr. Spanjers has twenty-nine years experience in industrial exploration, plant
and mine management. Mr. Spanjers joined Rodinia from FMC Lithium division,
where he explored for lithium brine deposits in Nevada and the Andean Puna of
Argentina.
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22. Technical Team Strength
Helio Diniz, Geologist
Mr. Diniz has over 30 years of experience, most recently as Director of
Exploration, Brazil for Xstrata (formerly Noranda – Falconbridge). In this role,
he was a primary discoverer of the world class Araguaia Nickel Deposits (+100
million tonnes, 1.5% Ni) which are currently undergoing scoping studies by
Xstrata Nickel. He also assembled one of the most impressive property
portfolios in the prolific Carajas Mineral District and the land position at
Mangabal. Prior to that, he worked with GENCOR South Africa, and was
involved in the evaluation and development of the Sao Bento gold mine in
Brazil which operated for 25 years.
William Randall, Geologist
Mr. Randall is a professional geologist with extensive experience in mineral
exploration and production, including lithium projects in South America. Mr.
Randall has run and supervised numerous discoveries and has taken deposits
from the resource stage through to feasibility and production.
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23. www.forbesmanhattan.com