G OLD E XPLORATION I N N ICARAGUA Investor Presentation – August 2011
F ORWARD L OOKING S TATEMENTS • This presentation includes certain "Forward-Looking Statements” as that term is used in applicable securities law. All statements included herein, other than statements of historical fact, including, without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of Cassius Ventures Ltd. (“Cassius”, or the “Company”), are forward-looking statements that involve various risks and uncertainties. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "scheduled", "believes", or variations of such words and phrases or statements that certain actions, events or results “potentially”, "may", "could", "would", "might" or "will" be taken, occur or be achieved. There can be no assurance that such statements will prove to be accurate, and actual results could differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements in this presentation, the Company has applied several material assumptions, including, but not limited to, the assumption that: (1) Cassius may not find any minerals in commercially feasible quantities in Nicaragua, (2) the Company’s ability to raise the necessary financing for ongoing operations and to complete any acquisitions or pursue any planned exploration programs, (3) there being no significant disruptions affecting operations, whether due to labour/supply disruptions, damage to equipment or otherwise; (4) permitting, development, expansion and power supply proceeding on a basis consistent with the Company's current expectations; (5) certain price assumptions for gold; (6) prices for availability of natural gas, fuel oil, electricity, parts and equipment and other key supplies remaining consistent with current levels; (7) the accuracy of current mineral resource work and studies on the Company's property; and (8) labour and material costs increasing on a basis consistent with the Company's current expectations. Important factors that could cause actual results to differ materially from the Company's expectations include such factors, among others, risks related to the ability of the Company to obtain necessary financing and adequate insurance; the economy generally; fluctuations in the currency markets; fluctuations in the spot and forward price of gold or certain other commodities (e.g., diesel fuel and electricity); changes in interest rates; disruption to the credit markets and delays in obtaining financing; the possibility of cost overruns or unanticipated expenses; employee relations. Accordingly, readers are advised not to place undue reliance on Forward-Looking Statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Statements, whether as a result of new information, future events or otherwise. 2
C ORPORATE O VERVIEW • Completed the acquisition of the issued and outstanding shares of Fortress de Nicaragua SA (FDN), a private Nicaraguan company, in June 2011 • Concurrently raised $2.5 million through a non-brokered private placement • FDN holds 16 concessions over 137,000 ha in Nicaragua • Concessions fully paid to December 31, 2011 SHARE CAPITAL • • Issued shares: 31,248,480* Warrants: Approximately 10.5 million at $0.10 – C$0.45 • Expire July 2012 – June 2013 • • Options: Approximately 1.4 million Fully diluted shares: approx 43 million, proceeds of $3.2 million from • exercise *August 2011 3
M ANAGEMENT & B OARD John Thomas , President & CEO • Professional engineer, holds a B.Sc. and Ph.D. from the University of Manchester, UK. • Extensive experience in the mineral resource industry, particularly in Latin America, and is currently a director of Infinito Gold Ltd., Alexandria Minerals and Canada Zinc Metals Corp. • Has previously served as Vice President, Development of Rusoro Mining, and Vice President, Operations of Bolivar Gold Corp. Mr. Thomas also serves on a number of boards, including Infinito Gold Inc., Alexandria Minerals Corp., and Canada Zinc Metals Corp. Irfan Shariff , CFO & Corporate Secretary Consultant to a number of junior resource companies based in Vancouver, • Canada 8 years as a corporate finance and mergers and acquisitions advisor at • Citigroup in London, UK (2001-2008) Qualified chartered accountant • 4
M ANAGEMENT & B OARD Bob Atkinson, Director • Over 30 years experience in the investment industry • Former President and CEO of Loewen Ondaatje McCutcheon & Co Ltd., a Canadian investment dealer • Serves as a Director of Quest Capital Corp, a Toronto Stock Exchange listed company, Tasman Metals Ltd., Spur Ventures Inc., and Hansa Resources Ltd. Jason Birmingham, Director • Former Director Business Development for International Zimtu Technologies Inc, and President of Mindshare Communications Inc. • Currently a director or officer of several reporting issuers: director of Clean Seed Capital Group Ltd., Golden Fame Resources Corp., (formerly Canfe Ventures Ltd.) director of Fitch Street Capital Corp. and director of Datinvest International Ltd 5
M ANAGEMENT & B OARD Lawrence Dick, Director • B.Sc. in geological sciences from U.B.C. in 1973 and a M.Sc. and Ph.D. in economic geology from Queen's University in 1979 • Spent over 20 years exploring for copper and gold throughout South America and was credited with major finds at Collahuasi (Chile), Can Can (Chile) and Golden Bear (B.C.) • Currently Chief Geologist and Manager of the Resource Group for Baron Global Financial Canada Ltd. • Serves on a number of boards, including Timmins Gold Corp, Confederation Minerals Ltd., Golden Fame Resources Inc., Kariana Resources Inc., and United Silver Corp. 6
FDN P ROPERTIES • 16 concessions, nearly 137,000 ha • MMD concession covers 37,000 ha over 8 properties • CWN concession covers 62,000 ha over 4 properties • CEN concession covers 4 properties over 38,000 ha • Proximity to established mines and mining districts • MMD – Murra Mining District • CWW – Central North West • CEN - Central 7
O PERATING M INES IN N ICARAGUA 8
H ISTORY • Work done in the 1950’s by groups supporting the Sandanistas in Murra area established a network of tunnels, but no records of production • Fortress staked properties during period 2005 - 2007 • Fortress work included stream sediment sampling, rock sampling and soil sampling over all three concessions areas • Detailed trenching and prospecting also undertaken in MMD area • Fortress spent $2.5 million historically – all data available to Cassius • FDN was committed to securing properties in the best mining areas, with good infrastructure, taking into account ease of access, power, water and labour supply 9
2011/12 E XPLORATION P ROGRAM • 12 month exploration program across all 16 concessions • Stream sediment sampling on concessions not previously sampled as well as concessions worked on historically • Soil geochemistry surveys on prospective areas • Trenching on four targets (previously identified by FDN) as well as other targets identified as part of exploration program • Up to 7,500m of reconnaissance core drilling commencing October 2011 • Led by chief geologist Gabriel Segura, previously chief geologist to FDN 10
MMD C ONCESSIONS • Target mesothermal quartz vein deposits • Mineralization includes arsenopyrite, pyrite and free gold • FDN work included stream sediment sampling, trenching and sampling of old underground workings • Three identified reconnaissance drill targets – MDLC target is the most advanced. • Other companies active in the area include : Calibre Mining (CXB-V), Corazon Gold (CGW-V), Golden Reign (GRR-V) • Properties strategically adjoin GRR’s best exploration targets 11
MMD A REA 12 Golden Reign Concessions (TSX: GRR)
MMD E XPLORATION A PPROACH • A combination of mapping, sampling (rock chip/soil) and trenching to occur starting in July, 2011 • Drill targets have been identified at the Manto de la Corona, El Olingo and Mina America concessions based on favourable results from historical exploration • Drill plans will be completed by the chief geologist for each drill target • First identified target expected to have a completed plan by September, 2011, with reconnaissance drilling to commence shortly thereafter • Drill program is scheduled to be completed in May, 2012 • Based on the results from the drill program, additional drilling will be carried out to establish a resource base 13
MDLC T ARGET Complex Veining in the Intrusive Weathered Breccia, MDLC Property Weathered Breccia, MDLC Property 14
P HOTO OF T RENCH N°1 (MDLC) 15
P HOTO OF T RENCH N°2 (MDLC) 16
S IMILAR E XPLORATION S TAGE C OMPARABLES Company Symbol Market Cap Area Calibre Mining CXB.V $18 million 86,700 ha Corazon Gold CGW.V $17 million 650 ha Corp. Golden Reign GRR $66 million 8,700 ha Cassius Ventures CZ.V $11 million 137,000 ha *August 2011 17
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