Investor Presentation February 2012 Disclaimer This presentation - PowerPoint PPT Presentation

Investor Presentation February 2012

Disclaimer This presentation has been prepared by Ouro Mining Inc. (the "Company"). This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the Company. The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Any offering of any of the Company's securities to Australian persons will be subject to Australian securities laws. The distribution of this document in jurisdictions outside of Australia may be restricted by law, and persons in to whose possession this document comes should inform themselves about, and observe, all such restrictions. In Australia this document is only being provided to persons who are sophisticated investors, in accordance with section 708(8) of the Corporations Act 2001 ("Corporations Act") and professional investors, in accordance with section 708(11) of the Corporations Act, or to such other persons whom it would otherwise be lawful to distribute it. This presentation is not financial product or investment advice. It does not take into account the investment objectives, financial situation and particular needs of any investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if necessary. This presentation may contain forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and sale of gold. Forward-looking statements include those containing such words as "anticipate", "estimates", "forecasts", "should", "could", "may", "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions. This presentation has been prepared by the Company based on information available to it as at 26 January 2012 and has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party. The Company estimates its reserves and resources in accordance with the Canadian NI 43-101 Reporting Standard of Mineral Resources and Reserves. The Company will commence a works program to estimate its reserves and resources in accordance with the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves 2004 Edition (JORC Code) following completion of the Pre IPO Capital Raising.

Section 1 Heavener Project Overview

Project Location Dall Dallas

Resource Status Heavener Project - Summary The coal occurs in the Lower Hartshorne Seam in Oklahoma and  Arkansas Seam width averages 2m and in places is up to 4m thick  Seam dips 12⁰ to 17⁰ to the NNW  Seam has moderate to high gas increasing with depth and will require  degassing No evidence of seam faulting in the entire 18 kms of strike of the seam  Over 300 Drillholes on the tenements (29,000 metres)  Two 43-101 Reports already completed in 2008 and 2011  Resource of 65Mt within tenements  Additional 140Mt along strike and down dip (currently being  negotiated)

Coal Quality Low to Mid-vol Hard Coking Coal Raw Coal • Ash (%) 17.9 • Volatile Matter (%) 21.04 • Fixed Carbon (%) 61.6 • Sulfur (%) 1.31 • kcal/kg 6,966 • Washed Coal • Float @ 1.4 Specific Gravity (%) 68.6 - 86.0 • Ash (%) 6.2 – 6.9 • Volatile Matter (%) 22.8 – 23.8 • Fixed Carbon (%) 69.4 – 70.7 • Sulfur (%) 0.81 – 1.04 • kcal/kg (dry basis) 8,036 – 8,105 • FSI @ 1.5 S.G. 9.0 • HGI 100+ • Coke button 8.5 to 9

Tenement Status Heavener Project - Summary Six coal leases totalling 2772 hectares held by:  Ouro Mining, Inc. Filing Number: 1912291074 Incorporated in the State of Oklahoma, United States Fully permitted title due to recent opencut mining by the previous  owners Farrell Cooper Requires permitting for underground development  The region has a good skilled workforce available  Total local and government support for project development  Excellent infrastructure and access to rail and port. 

Transport Infrastructure Dallas

Potential Markets

Planned Work Q1 - 2012 Heavener Project – Planned Work Drilling of 21 diamond drillholes for:  Geotechnical Work and Mine Design  Degassing Studies  JORC Reserve Statement  Coal washability and washplant design  2D Seismic Survey above Mines 1 and 3 areas for structural studies. 

Heavener Conceptual Mine Layout

Production Status Heavener Project – Production Summary Planned initial production – 1Mtpa sales  Estimated Capital Cost – US$80m  Estimated Mining Cost – US$65 per tonne  Estimated Total Cost of Production – US$100 per tonne FOB  Estimated sales - +US$250 per tonne 

Section 2 Management Team

Management Team Directors & Management Mr Larry Li – Chairman Mr Songqiang Chen – Deputy Chairman Mr Dong Ji – Non-Executive Director Mr Mark Frauenhoff – Non-Executive Director Mr Michael Liu (MA,MBA) – Non-Executive Director Mr Mark Syropoulo (BSc ) – Alternate Director Mr Michael Liu Mr John Fisher-Stamp ( FCA, FTIA, GAICD, MIMC ) – Executive Director Mr Paul Ingram (MAus IMM) – Executive Director and CEO Mr Tony J Huffman – Company Secretary Mr George Wang – Vice President of Finance

Advisors Technical Advisors Geology and JORC Resource Work Hanna Consulting Services Pat Hanna FAusIMM, CP, MMICA, MAICD, MAGMM - Principal Consultant Metallurgy and Washplant design A&B Mylec Pty Ltd Andy Meyers – Principal Mining and Engineering LD Operations – Mining and Design Services Peter Ross – Principal Greg Lewicki and Associates, PLLC

Advisors Professional Advisors Legal Brisbane, Australia Blake Dawson New York, United States Sichenzia Ross Friedman Ference Anslow LLP Accountant San Francisco, United States Mok Accountancy Corporation

Section 3 Offer Overview & Share Capital Structure

Private Placement Seed Funding - Offer Overview Target Capital Raising Cornerstone Investors - BFS Round US$15,000,000  Offer Price Regulation S Shares  US$0.45 of Common Stock 233,333,333 Shares of Common Stock on issue prior to this Offer  Number of Regulation S Shares of Common  Stock to be offered under this Offer 33,333,333 Total Shares of Common Stock and Regulation S Shares of  Common Stock after Issue pursuant to the Offer: Shares of Common Stock and Reg. S undiluted 266,666,666 o Current Offer Price for all Shares undiluted US$0.45 o Equity Value undiluted US$120,000,000 o Options Outstanding for Shares of Common Stock 15% 1  1= Options terms provide 15% entitlement to shares of common stock following completion of first US$80m capital raising

BFS Seed Round Equity Structure Undiluted Cornerstone Metamining, Inc. Investors 87.50% 12.50%

Use of Funds Ouro Mining, Inc. Ouro is seeking to raise US$15m to undertake Bankable Feasibility Study for the  Heavener Project. IPO will be considered by directors in either of Mine Construction or Production phases. These funds will be used for the following :  work program to bring mine reserves to JORC standard o US$3m undertake Bankable Feasibility Study o US$2m repayment of Metamining, Inc. Short Term Loan o US$2m payment of Farrell Cooper balance of 2 nd CN Instalment o US$3m IPO prospectus, professional, expert costs and ASX o US$2 m admission costs estimated offering costs – legal, technical and corporate o US$0.5m fees and expenses working capital and corporate overhead o US$2.5m Total US$15m