Minotaur Exploration is an Australian minerals exploration company focused on iron ore, base metals, gold and rare earth elements. In 2011, Minotaur plans to advance exploration at its Mutooroo magnetite project in South Australia, which has the potential to contain over 1 billion tonnes of magnetite ore. Minotaur will also conduct geophysical surveys and review historical drill cores at its new Maitland IOCG and rare earth exploration target on Yorke Peninsula in South Australia, located within a world-class mineral province. Minotaur aims to define exploration targets at both projects in 2011 to justify further investment and development.

1. Proactive Investors, Melbourne 16 March 2011 Andrew Woskett, Managing Director Minotaur Exploration Limited ACN: 108 483 601 ASX: MEP

2. Today’s Agenda: usual Disclaimer About Minotaur today; facts & figures Overview of Minotaur’s exploration & development priorities through 2011 Project Case Studies: Australia’s next big iron province – the Braemar Iron Formation, which includes; Minotaur’s Mutooroo Magnetite project The Maitland Iron oxide-copper gold & Rare Earths exploration target Q & A

3. Cautionary Statements:

4. About Minotaur ASX ticker: MEP Equity: 92.7 million shares on issue Top 5 hold 23.7%: OzMinerals(8.7%), Newmont (5.7%) 52 week price range: 16.5c – 38c Last Price: 22c(@ close on 15 March) Market Capitalisation: $20.5 million(@ close on 15 March) Less Cash (as @ 31 Dec): $5.2 million Less Listed Investments: $7.3 million thusEnterprise Value: $8 million(@ close on 15 March) Exploration assets: $0.08 per share

6. Iron oxide – copper gold IOCG(SA, Qld, Canada)

7. Base Metals Cu, Pb, Zn(SA, NSW)

9. Magnetite (iron) deposit, SA

11. The Braemar Iron Formation is emerging to potentially be Australia’s next big iron ore province

12. 100km SW of Broken Hill

13. Heavy duty rail link 300km to Port Pirie

14. several ASX listed explorers are active along the Braemar Fe formation

15. Regional potential for up to 20,000 million tonnes of in-situ Fe mineralised siltstone, circa 20-25% Fe

16. Could anticipate ~10 billion tonnes of mineable magnetite ore to be defined

18. multiple zones, each potentially hosting hundreds of millions of tonnes of magnetite rich siltstones

19. Regional potential for ~10bt ore, with a foreseeable 100 year life of mining @ nominal 100Mtpa mining rate, producing 25Mtpa of concentrate, comprising:

20. 4-5 processing operations for 5-10Mtpa concentrate each, at ~$2b Capex each, or

21. one 25Mtpa Super Plant and assoc infrastructure at ~$6b, saving ~$5b overall, with scale to include a Pellet Plant(producing a value added product)

22. equivalent to CITIC’s $5.5b for 28Mtpa huge magnetite project at Cape Preston, WA (see photos)6 fully autogenousgrinding mills @ 28MW each 450MW Power station, combined cycle, gas fired (photos sourced from www.citicpacificmining.com/resources/news)

25. Drill intersections define mineralised beds over package width of >700m

26. Beds outcrop and sub-crop  low strip ratios

27. DTRC tests underway for holes MUT08-17

28. Metallurgical results due in April

29. Estimate of Exploration Target due in April

30. JV to consider $5M phase of work for remainder of 2011The Mutooroo Fe project is a contributing joint venture between Sumitomo Metals Mining Oceania Pty Ltd (50.1%) & MEP (40.9%) www.minotaurexploration.com.au

31. Mutooroo Fe project

32. Mutooroo Fe project Cross Section – Muster Dam approx width of mineralised package 700m

33. Mutooroo Fe 08RCMUT-01 08RCMUT-02

34. A new IOCG target on SA Yorke Peninsula 08RCMUT-01 08RCMUT-02

35. Maitland IOCG & REE Target 08RCMUT-01 08RCMUT-02 Located 15km south of the Moonta copper township on South Australia’s Yorke Peninsula. Moonta-Wallaroowere the World’s richest copper mines, operating 1861-1923 Within the world class GawlerCraton(host to OD, Prominent Hill, Carrapateena, Hillside, Wirrda Well, Challenger, Tunkillia) Extensive exploration conducted by MIM, CRAE, BHP & WMC/NBH since 1962 had detected anomalous Ce and Co Minotaur earning 51% in Joint Venture with Red Metal Ltd (100%), targeting Cu-Ni-Co-REE mineralisation VTEM aerial magnetic survey to start this month for 500 line km, enabling basement interpretation from geophysical data EL 3413

36. Maitland IOCG Target 08RCMUT-01 08RCMUT-02

37. Maitland IOCG Target Core review of mineralised zones from three best drill holes (operator CRAE) DD85WE1 – Tea Tree 17.4m @ 0.35% Cu, 0.1% Ni, 0.14% Ce & 0.07% La DD86WE3 – HillviewAltered brecciated meta-volcanic zone at 156m, 1m @ 0.18% Cu & 90ppm U DD86WE6 – Tea Tree 2.6m @ 0.77% Cu, 0.35% Ni, 0.12% Co & 1.2% Ce 08RCMUT-01 08RCMUT-02 DD85WE1 Upper mineralised zone (72.7-89.2m) – intensely altered carbonate rock interbedded (protolith) with biotite-rich metasediment (tightly folded) . Pyrite and chlorite (after biotite) replacing earlier red rock altered (hematite-dusted albite?) fine-grained meta-sediments. K-feldspar alteration replaced by fine-grained magnetite (discontinuous stringers & disseminations). Pyrite/biotite (chlorite)/magnetite replacement concentrated in more permeable zones of biotite-rich metasediment – biotite developed along alteration selvedge

38. Maitland IOCG Target VTEM Low level (50m) helicopter borne electro-magnetic array; a cost and time effective regional target data acquisition method 08RCMUT-01 08RCMUT-02

39. Ask me Questions Minotaur Exploration Limited ACN: 108 483 601 ASX: MEP www.minotaurexploration.com.au