Zambezi Gold / Swala Resources corporate presentation Dec 2007

1. Zambezi Gold PLC
Ahead of the game
Proposed name change
to Swala Resources PLC
at 29 January 2008 AGM

2. Important Notice
This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities in Zambezi
Gold plc nor shall it or any part of it form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or
commitment whatsoever. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this presentation or on
any other document or oral statement or on the completeness, accuracy or fairness of any such information and/or opinions. No undertaking,
representation, warranty or other assurance, express or implied, is made or given by or on behalf of Zambezi Gold plc or any of their respective
directors, employees or advisers, as to the accuracy or completeness of the information or opinions contained in this presentation, and (save in the
case of fraud) no responsibility or liability is accepted by any of them for any such information or opinions or for any errors, omissions,
misstatements, negligence or otherwise contained or referred to in this presentation. All expressions of opinion are subject to change without notice
and do not constitute advice and should not be relied upon. The contents of this presentation have not been approved by an authorised person
within the meaning of the Financial Services and Markets Act 2000.
This presentation does not constitute an offer to the public as referred to in section 85 of the Financial Services and Markets Act 2000 (as amended)
of the United Kingdom and accordingly has not been nor will it be approved by any competent authority in the United Kingdom. This presentation is
not a prospectus within the meaning of the Prospectus (Directive 2003/71/EC) Regulations 2005 of Ireland and therefore has not been approved by
the Irish Financial Services Regulatory Authorities being the competent authority for the purposes of Directive 2003/71/EC in Ireland. This
presentation is not an offering document for the purposes of section 49 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005
of Ireland.
This Presentation has been prepared by and is the sole responsibility of the Directors of Zambezi Gold plc and is being issued solely to and directedThis Presentation has been prepared by and is the sole responsibility of the Directors of Zambezi Gold plc and is being issued solely to and directed
at persons who have professional experience in matters relating to investments falling within Article 19(1)(a) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2001 ("FPO") or (b) high net worth entities and other persons to whom the presentation may otherwise lawfully
be communicated, falling within Article 49(1)(a) of the FPO (all such persons together being referred to as "Relevant Persons"). In consideration of
the receipt of the presentation each recipient warrants and represents that he or it is a person falling within that description. Any person who is
unsure of their position should seek independent advice. Delivery of this information to any other person or reproduction, in whole or in part,
without the prior consent of Zambezi Gold plc is prohibited.
This information is confidential and is being supplied to you, in whole or in part, for information purposes only and not for any other purpose. In
particular, the distribution of this document in jurisdictions other than United Kingdom or Ireland may be restricted by law and persons into whose
domain this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may
constitute a violation of laws of any such other jurisdictions.
Forward-looking statements are based on the Company’s current intentions, expectations and assumptions regarding its proposed business, the
economy and other future conditions. Any projections, estimates and beliefs contained in any forward looking statements in this document involve
known and unknown risks, uncertainties and changes in circumstances that are difficult to predict. The Company’s actual performance and financial
results in future periods may as a consequence differ materially from any estimates or projections. The Company does not undertake any obligation
to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Company cautions
recipients not to rely on forward looking statements.
December 2007 Zambezi Gold PLC 2

3. Building an independent African mining
company
Zambezi Gold PLC
Merger August 2007
Proposed name change to Swala Resources PLC at 29 January, 2008 AGM
Combined assets create an independent African mining company
focusing on gold, base metals and PGM’s
Create value
through acquisition & development December 2007 / January 2008 Pre-IPO funding
2008 /2009 IPO
December 2007 Zambezi Gold PLC 3
Arc Mining & Investment SA
•Exploration in Gabon & DRC
•Experienced mining / exploration geologists, mainly
former Anglo-American
•Long African experience
•Common shareholders with Bugeco S.A.
Zambezi Gold PLC
•Exploration in Mozambique and Zimbabwe
•Management team running 6 AIM listed resources
companies, $600m combined market cap
•Decades of listed exploration company experience
focusing on gold, base metals and PGM’s
Combined contacts and expertise leveraged
to generate and develop projects from grassroots to production

4. Corporate Profile
• Unlisted UK PLC, listing in 2008/2009 on LSE-AIM, JSE-AltX or Euronext
• 24 million shares in issue, 30 million fully diluted
• Market capitalization at 15p share price is £4.5m
• Fund raising - New shares issued at 15p with a warrant
(£1.5m) - Warrant for one new share at 30p, life of 2 years.
• Use of funds - Bring current projects to the next stage of
developmentdevelopment
- Due diligence on current acquisition project
involving producing gold assets
• Shareholders - 50% former Arc shareholders
- 24% 162 Group
- 26% approximately 90 individual shareholders
• Lawyers: Mc Evoy Partners Limited
• Auditors: Deloitte & Touche
• Bankers: Allied Irish Bank
December 2007 Zambezi Gold PLC 4

5. Directors and Management
John Teeling
Chairman
• 35 years resources experience in minerals & hydrocarbons
• 20 years African mining experience
• Established a number of AIM resources companies
Gerard de la Vallee
Poussin
Executive Director
• 35 years resource experience in hydrocarbons, minerals and diamonds
• CEO of Bugeco SA and Arc Mining and Investment sa
• Consultant to both De Beers and Anglo American in West and Central Africa
• Co- Founder of Arc Mining and Investment SA
James Campbell
Director
• Over 20 years of diamond experience with Anglo American PLC & De Beers
• Had worldwide responsibility for diamond resource delivery in De Beers
• Managing Director of African Diamonds PLCDirector • Managing Director of African Diamonds PLC
• CEO of West African Diamonds PLC
Daniel Wouters
Director
• Director of Areva Mining Business Unit
• Formerly General Manager of African Merchant Bank
• Extensive experience in the financing of projects in francophone Africa
Barry Bayly
Technical Consultant
• 28 years experience in exploration, evaluation, project development, mineral
resource management and mine management
• Formerly General Manager Exploration De Beers for Southern Africa, India and
Australasia
• Registered with the South African Council as a Professional Natural Scientist
December 2007 Zambezi Gold PLC 5

6. Current projects : Gabon - DRC
Gabon
•Joint venture with SearchGold Resources on
7,000km² gold exploration permits: Search
Gold to spend $1.5m to earn 50% interest
•Aeromag and ground gravity and stream
sampling data acquired from De Beers
•Strong gold indications present in stream
samples taken in area
•Exploration underway since June 2007
DRC
•Joint venture with Umbono Capital Partners
(50/50) on Zinc/Lead project
•Potential PGM/Nickel project identified,
exploration permits applied for
•Ongoing project generation by Bugeco S.A.
Strong contacts , joint ventures and experience limit regional risk
December 2007 6Zambezi Gold PLC

7. Current projects : Mozambique - Zimbabwe
Mozambique
•Joint venture with Magmas Ltda to earn 51%
interest in Muda River Gold project
•Evidence of significant gold on the licences
•Primary exploration underway
•Other licences under evaluation
Zimbabwe
•Detailed data base of 6,000 gold occurrences
being prioritized
•Discussions with relevant authorities on a
potential joint venture on a gold tailings
resource
•Exploration licences approved not yet gazetted
Group contacts ensure a constant flow of African resource projects
December 2007 7Zambezi Gold PLC

8. Mozambique
• Stable and attractive mining policy
• Good geology, largely unexplored
• 51% interest in Muda River Gold Project (Sofala
Province, centre of the country ) in joint venture with
Magmas Ltda, Mozambique-registered company
• Significant gold historically recovered by artisanal
miners, presently extracting 600oz per month from
alluvial, eluvial and bedrock deposits
• Exploration underway to find primary gold sources
believed to be associated with alkaline ring complexes
in close proximity
• Setting is typical of alkaline epithermal and
mesothermal gold deposits associated with continental
rifting, similar to Cripple Creek deposits (USA)
• Other licences currently under evaluation
December 2007 Zambezi Gold PLC 8

9. Mozambique Muda River Gold Project
Sofala Province
December 2007 Zambezi Gold PLC 9
Alluvial diggings along Muda River

10. Democratic Republic Congo (DRC)
• One of the largest countries in Africa known to
have the world’s best undeveloped potential for
minerals
• Extensive, high-quality resource base
• Current political transition
- New constitution adopted by referendum in
• 2005
- Democratic elections in 2006
• New, highly effective Mining Code
- Drawn up with World Bank assistance
- Passed into law in July 2002
• Southern regions, where projects are located, now
relatively stable
• Large mining companies currently re-entering the
country
December 2007 Zambezi Gold PLC 10
Extensive contacts and Bugeco S.A. relationship:
Continued access to top-quality projects

11. DRC
• 50% interest in joint
venture with Umbono
Capital Partners LLC,
asset management entity
of South African Umbono
Group
• Geophysical target
identified from
Zinc and Lead Project
programme carried out
by Bugeco S.A./De Beers
• Previously recorded lead
occurrences within the
area
December 2007 Zambezi Gold PLC 11
• Further geochemical analysis of stream sediment samples carried out by
Umbono confirmed anomalous zinc/lead/copper associated with the
geophysical target
Application for exploration permits submitted
Zinc/Lead stream sample results in the DRC

12. DRC PGM and Nickel Project
• Large geophysical
anomaly identified in
joint venture with Bugeco
S.A.
• Anomalous levels of
platinum group metals,
nickel, copper, and
December 2007 Zambezi Gold PLC 12
nickel, copper, and
chrome reported in
analytical results from
wide-spaced stream
sediment samples
• Abundant gold flakes
present in some of the
sediment concentrates
Application for exploration permits submitted
Heli-sampling in the DRC

13. Gabon
• Abundant natural resources
• One of the more prosperous and stable African
countries
• Assets transferred in 2007 merger:
- Arc rights to De Beers exploration database
including airborne geophysics and stream sample
geochemistry data
- Prospecting authorisations for 7000 km² terrain
known to contain alluvial gold and diamondsknown to contain alluvial gold and diamonds
December 2007 Zambezi Gold PLC 13
• Long-established artisanal gold workers in Booué concession areas
• Discussions with major companies showing interest in licensed areas:
geology propitious for iron ore, base metals and uranium
• Interest in Gabon as gold resource country substantially enhanced by the
results of the SearchGold / Managem Bakoudou operation near Franceville
(recently drilled 49m with 16 g/t average)

14. Gabon
• Joint venture agreement with SearchGold Resources
Inc., Canadian junior mining company; SearchGold to
spend US$1.5m over 3 years to gain 50% interest
• Booué Gold Property: 3 exploration licences
confirmed covering approx 4,000km², north central
Gabon
• Mimongo Gold Property: 529 km² exploration licence
confirmed, south central Gabon
Booué & Mimongo
Gold Projects
confirmed, south central Gabon
• Identified from De Beers exploration data: total area
of 33,513km², airborne geophysical surveys and
regional stream geochemistry, 9,315 stream samples
with coarse fraction isolated and studied with
binocular microscope for diamond indicator minerals
– in licensed areas, numerous instances of visible
gold grains observed
December 2007 Zambezi Gold PLC 14

15. Gabon Booué & Mimongo
Gold Projects
• De Beers exploration work on
these properties: 2,719 stream
samples including 128
reporting visible gold grains in
the coarse fractions
• Favourable geological context
of under-explored greenstone
belts, regional structural
December 2007 Zambezi Gold PLC 15
belts, regional structural
features
• First brief exploration
campaign completed in summer
2007:
- 40km of lines cut through the
jungle
- 11km of traverses opened
- 796 ground samples taken

16. Zimbabwe
• Recognized significant potential for gold and base
metals
- Historically produced over 20 tons gold per year
- 2006 production under 10 tons due to political
uncertainty and lack of investment
- Very little prospecting carried out over past 20 years
• Many mines that have closed down have substantial
residual potentialresidual potential
December 2007 Zambezi Gold PLC 16
Could be realised through new technology and mineral resource development
• Ownership of detailed data base of 6000 gold occurrences currently being
prioritized and targets identified
• 10 exploration licences approved but must still be gazetted
Objective: Positioning for political change and improved
investment climate - Strong established network of
technical, business, political contacts

17. Zimbabwe Database used to
prioritise deposits
December 2007 Zambezi Gold PLC 17

18. Zimbabwe Licences
EPO Local Geographic
Mining
District
Area applied
for
(Hectares)
Minerals
sought
Period of
Tenure
(Years)
Rowa Harare 33,250 Diamonds 2
Pauls Rest Bulawayo 60,271 Diamonds 2
Norwood Bulawayo 56,678 Gold 3
Mutata School Harare 45,480 Gold 3
December 2007 Zambezi Gold PLC 18
Mutata School Harare 45,480 Gold 3
Mushinge Township Harare 60,768 Diamonds 2
Masembura Harare 41,630 Gold 3
Manami Bulawayo 59,733 Gold 3
Madziwa Harare 54,670 Diamonds 2
Chirinda School Harare 58,757 Diamonds 2
Chief Bota Masvingo 65,000 Diamonds 2

19. Fundraising – Use of Proceeds
18-month Budget (£) 1,500,000
Mozambique - Muda River Gold Project 150,000
DRC - Zinc/Lead Project & PGM/Nickel Project 200,000
Gabon – Booué & Mimongo Gold Projects
(Project expenditures mostly covered by SearchGold Resources)
50,000
Zimbabwe – Gold Projects 150,000
New project generation and miscellaneous
costs
200,000
Acquisition transaction “war chest”
(Due diligence on current acquisition project involving
producing gold assets)
500,000
Listing costs 250,000
December 2007 Zambezi Gold PLC 19

20. Conclusion
• Top quality management team
• Expected continued high commodity prices
• Highly prospective portfolio
• Constantly evaluating new projects• Constantly evaluating new projects
• Value enhancing operational development
• IPO will crystallise value and build for future
December 2007 20Zambezi Gold PLC

21. Zambezi Gold PLC
December 2007 Zambezi Gold PLC 21
Contacts
Email info@zambezigoldplc.com
Telephone +353 1833 2833
Fax +353 1833 3505
Presentation No.