G OLD E XPLORATION I N N ICARAGUA April 2012
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 In June 2011, completed the acquisition of Fortress de Nicaragua SA (FDN), a • private Nicaraguan company with 16 concessions over 130,000 ha Concurrently raised $2.5 million through a non-brokered private placement • In January 2012, completed the acquisition of Nueva Segovia Mining SA, a • private Nicaraguan Company and owner of the 23,000 ha “El Zúngano ” concession SHARE CAPITAL • • Issued shares: 31,448,480* • Warrants: Approximately 10.3 million at $0.10 – C$0.45 Expire July 2012 – June 2013 • • Options: Approximately 1.4 million Fully diluted shares: approx 43 million • *April 2012 3
M ANAGEMENT & B OARD Steven Dean , Chairman and Director Extensive experience internationally in mining, including as President of Teck • Cominco Limited (now Teck Resources Ltd). Teck is a major diversified resource company and is the largest producer of metallurgical coal in North America and the No. 2 exporter of metallurgical coal in the world to the globe's steel manufacturers A founding director of Normandy Poseidon Group, which became Normandy Mining • and was the largest Australian based gold producer until its sale to Newmont Mining, and founder of PacMin Mining which became a subsidiary of Teck Corporation in 1999 Chairman and CEO of Oceanic Iron Ore Corp. (TSX-V:FEO) as well as Chairman • and director of Spur Ventures Inc. (TSX-V:SVU), Infinito Gold Ltd. (TSX-V:IG), and of Dia Bras Exploration Ltd. (TSX-V:DIB). Co-founder and former Chairman of Amerigo Resources Ltd. (TSX: ARG) 4
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. Eddy Canova, Director of Exploration • Over 25 years experience in the mineral exploration industry in Canada, Venezuela, Mexico, and West Africa. 4 years experience in mineral production in Venezuela • • Focused in gold mineral exploration, base and precious metals, and iron ore Major project involvement includes Gold Reserves Brisas's project, Bolivar Tomi Gold • Mine project, Oceanic Iron Ore’s Ungava Bay project and most properties of Alexandria Minerals BSc. in geology from McGill University • 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. 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. 6
M ANAGEMENT & B OARD 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 Irfan Shariff , CFO & Corporate Secretary Consultant to a number of junior resource companies based in Vancouver, Canada. CFO of • Oceanic Iron Ore Corp. and Spur Ventures Inc. 8 years as a corporate finance and mergers and acquisitions advisor at Citigroup in London, • UK (2001-2008) Qualified chartered accountant • 7
FDN P ROPERTIES 17 concessions, over 160,000 ha • Nueva Segovia Concession area • covers 60,000 ha over 9 properties León Concession area covers • 62,000 ha over 4 properties Chontales Concession area covers 4 • properties over 38,000 ha 8
P ROXIMITY TO E STABLISHED M INES AND M INING D ISTRICTS 9
C ONCESSIONS AND G EOLOGY Nueva District Leon Chontales Segovia 9 4 4 Concession 60,814 62,000 38,000 Area (ha) Epithermal Mesotherml Epithermal Geological System + Quartz veins system Model Porphyry Golden B2 Gold Reign, B2 Gold (Limon Mine) Adjacent Corazon (La Libertad Condor (La Properties Gold Mine) India) Large Concessions on favorable geological settings • • Leon and Chontales in Volcanic – Tertiary, Neuva Segovia in Schists - Paleozoic In District areas, adjacent to prospective properties and operating mines • 10
H ISTORY • Work done in the 1950’s by groups supporting the Sandanistas in the Nueva Segovia area established a network of tunnels, but no records of production • Fortress staked properties over 16 concessions during period 2005 - 2007 Fortress work included stream sediment sampling, rock sampling and soil • sampling over all three concessions areas as well as detailed trenching and prospecting also undertaken in the Nueva Segovia Concession area Fortress spent $2.5 million historically – all data available to Cassius • • Fortress was committed to securing properties in the best mining areas, with good infrastructure, taking into account ease of access, power, water and labour supply In January 2012, FDN purchased Nueva Segovia Mining S.A. the owner of the • 23,800 hectare “El Zúngano ” concession, which adjoins the east side of the Nueva Segovia concessions 11
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