ROCKEX MINING CORPORATION RXM:TSX September 2011 COMPANY OVERVIEW - PowerPoint PPT Presentation

ROCKEX MINING CORPORATION RXM:TSX September 2011

COMPANY OVERVIEW • 1 Billion tonnes grading 29% soluble iron (43-101 - December/2010); additional historical tonnage and exploration upside. • 300km northwest of Thunder Bay/ Lake Superior; excellent proximity to infrastructure and end users in Great Lakes Basin • Pre-Feasibility started in 2011; Production as early as 2016 • Favourable market cap of $19 million ($0.41- Sept. 2) = 6 cents per tonne/iron • Favourable industry fundamentals • TSX initial listing in March 2011 (RXM:T) Rockex Mining Corporation 2

PROPERTY LOCATION Within Close Proximity to Excellent Infrastructure • 23 contiguous claims covering 5,392 ha. • Located in northwestern Ontario, between Sioux Lookout and Pickle Lake – Eagle Island - 40 kms from Highway 599 to Pickle Lake • 50 km from 115Kv power line • 80 km north of CNR transcontinental railway • 170 km from Trans- Canada main gas line • 300 km to Lake Superior with 10 months of shipping via Great Lakes Rockex Mining Corporation 3

PROPERTY HISTORY (Lake St Joseph) • 1920 - 1930 Surface exploration followed-up by diamond drilling. • 1956 - 1959 Property acquired by Lake St. Joseph Iron Ltd.; magnetic surveys, diamond drilling and extensive trenching. • Early 1960s Ontario Research Foundation and M.A. Hanna Mining estimate an open pit „ reserve ‟ of 240 M tons to 400 ft depth grading 35% iron. • 1968 - 1969 Algoma Steel (Algoma) options & explores the property. • 1974 - 1975 Algoma performs diamond drilling and microscopic work on WLSJ illustrating mainly hematite and magnetite in a 1:1 ratio. • 1975 Algoma conducts pilot plant tests on 375 ton bulk sample and produces commercial grade concentrate grading 65-67% Fe with 85% Fe recoveries to concentrate. „ Reserves ‟ at Eagle and Fish islands estimated at >1 billion tons grading 30% soluble Fe . • Late 1970‟s Stelco, Dofasco, and Steep Rock Iron Mines‟ agree to put property into production in the late 1980s. • 2007 Algoma lets claims lapse • May 2008 Rockex acquires the Lake St. Joseph iron ore property. • 2009 Rockex conducts drill program and acquires all Algoma Steel property data • Rockex Mining Corporation 4

LAKE ST. JOSEPH PROPERTIES 100% of 3 Advanced-Stage Iron Ore Projects Soule’s Bay East • Western Lake St. Joseph (768 ha) – explored by Algoma in the 60‟s and 70‟s • Doran Lake – Between WLSJ and SBE projects • Soule‟s Bay East Area – feasibility study by Doran Lake Western Lake (832 ha) Bechtel (1971) on Soule‟s St. Joseph Bay project (5,392 ha) – Recently staked by Rockex 0 10 20 km Rockex Mining Corporation 5

LAKE ST. JOSEPH PROPERTY Large In Situ Mineral Resource Tons Sol Fe Total Iron ( M) (%) (M tons) 1,110 29.1 323 Western Lake St-Joseph 1 Fish Island 2 258 33.0 85 Doran Lake 2 200 56 28.0 Soule`s Bay East 2 250 28.0 70 1,818 29.4 534 Total 1. 43-101 Resource calculated by Watts Griffis on Eagle Island (excludes Fish Island) 2. Potential mineralization (non-NI 43-101 compliant) based on archives of historic work 3. For consistency, all numbers in Imperial units due to use of imperial system for reporting of historical results Rockex Mining Corporation 6

LAKE ST. JOSEPH PROPERTIES Western Lake St. Joseph Property Historic Results (1956 to 1978) • Well developed mineral resource and engineering studies • 19,104 m of historic drilling and trenches Eagle Island • Eagle Island: 1,110 Mt @ 29.1% Sol Fe Fish Island • Fish Island: 258 Mt @ 33% Sol Fe* • Magnetite to hematite ratio: 1:1 • Metallurgical testing: pellets grade product @ 66% Fe * Not NI-43-101 compliant Rockex Mining Corporation 7

LAKE ST. JOSEPH PROPERTIES Eagle Island – Western Lake St. Joseph • A large zone of folded iron formation • Eagle Island: – > 2.0 km long – Up to 400 m wide – Up to 300 m deep – Remains open at depth Potential for Large Open Pit Mine Rockex Mining Corporation 8

LAKE ST. JOSEPH PROPERTIES Fish Island – Western Lake St. Joseph • Two large zones with potential to increase resources along strike and at depth • Fish Island: – 1.6 km long – Up to 200 m wide – Up to 180 m deep – Remains open at depth – 258 Mt @ 33% Sol Fe Rockex Mining Corporation 9

PROPOSED DEVELOPMENT PROGRAM Advance the Projects Towards Near-term Production • Initial focus on Western Lake St. Joseph due to its size and grade 2010 2011 2012 2013 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Restructuring Rockex NI 43-101 Resource and PEA Drilling and metallurgical testing Feasibility study Environmental study and permitting Financing / Partnership / Sale Project construction Commissioning and production Rockex Mining Corporation 10

PROPOSED TIMELINES Status Target Program Dec/2010 NI 43-101 resource report Dec/2010 RTO with Enviropave Dec/2010 Raise $3mm flow- through Jan/2011 Raise $1mm hard March/2011 TSX listing Sept/2011 Preliminary Economic Assessment Oct/2011 Drill program starts (2,000 M) Oct/2011 Management Team finalized 4 th Q/2011 Metallurgical testing 4 th Q/2011 Raise $ for Pre-Feasibility 4 th Q/2011 Begin Pre-Feasibility Rockex Mining Corporation 11

SHARE STRUCTURE • Share capitalization: – Shares currently issued basic 45.6 M – Warrants 2.0 M – Options 3.4 M – Fully Diluted 51.0 M • Shareholders – 68% management and directors – 26% retail – 6% institutional • Recent Issuances – February 2011 - $1.7 M private placement @ $0.90 December 2010 - $3.0 M private placement financing @ $0.90 – Rockex Mining Corporation 12

VALUATION Contained Mkt Company Symbol Shares Price Mkt Cap Resource Grade Iron Cap/ton (MM) (Sept 2 ) ($MM) (MM/ton) Fe (MM/T) ($/ton) Consolidated Thompson 1 CLM 240 $ 17.25 $ 4,140 910 29% 264 $ 15.68 Labrador Iron Mines LIM 54 $ 8.35 $ 451 150 58% 87 $ 5.18 Baffinland Iron Mines 2 BIM 390 $ 1.50 $ 586 865 65% 562 $ 1.04 New Millenium NML 176 $ 1.86 $ 327 9,108 30% 2,732 $ 0.22 Alderon Resource ADV 83 $ 3.60 $ 297 225 31% 70 $ 4.24 Champion Minerals CHM 87 $ 1.32 $ 115 1,178 29% 342 $ 0.34 Adriana Resources ADI 149 $ 1.03 $ 153 6,260 29% 1,815 $ 0.09 Oceanic Iron Ore FEO 150 $ 0.29 $ 43 2,070 36% 735 $ 0.06 Advance Exploration AXI 148 $ 0.35 $ 52 357 28% 100 $ 0.52 Rockex Mining Corp. RXM 45 $ 0.41 $ 19 1,006 29% 293 $ 0.06 with historical 1,706 29% 486 $ 0.04 1 Acquired by Cliffs Natural Resources Inc. Completed in May 2011 2 Acquired by Arcelor-Mittal and Iron Ore Holdings in March 2011 Rockex Mining Corporation 13

PEOPLE Proven, Successful Executives and Board of Directors Pierre Gagné – Chairman & Director • 25 years experience in construction and mining industries. – Founder - construction company specializing in design/execution of custom civil and mining projects Donald Alexander Sheldon – CEO & Director • Toronto-based mining lawyer with 35 years experience in corporate finance and securities law – Director and/or officer of several publicly listed corporations Gilles Filion - Director & technical advisor • P. Eng with 25 years international experience, including VP Exploration for Goldcorp Inc. – Involved in development of Red Lake High Grade Zone Chris Dougherty - Director & technical advisor • P. Eng with 23 years international mine engineering and metallurgical experience. – Principal, founder and senior engineer of Nordmin Engineering, Thunder Bay, ON Jon Tondeur - Director • London-based business man with expertise in insurance, finance, and corporate development Bruce Reid – Director • BSc in Geology with 30 years experience in mining, exploration, and finance - President & CEO of Carlisle Gold and director of several publicly listed companies Armando Plastino – Director • Director and formerly President and CEO of Essar Steel Algoma Inc. Rockex Mining Corporation 14