1. A Global Resource Investment Company and
Merchant Bank
Own a Piece of Our Experience
TSX:AAB OTCPS:AABVF
June 2012 A Forbes & Manhattan Group Company
2. This presentation contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward
looking information includes without limitation, statements regarding the proposed use of the proceeds of the financing, the receipt of
all necessary approvals, the outcome of legal proceedings, the issue of permits, the size and quality of the company’s mineral
resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs,
demand and market outlook for metals, future metal prices and treatment and refining charges, the financial results of the company
the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration
programs, anticipated production schedule and terms and the availability and likelihood of future acquisitions. Generally, forward
looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or
implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and
social uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining industry.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The
Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
This presentation does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The
securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
TSX:AAB 2
3. Global resource investment company / merchant bank
Focused on private, micro- and small-cap resource companies
Unique, value-added approach to investing
Actively builds companies to unlock value targeting triple
digit returns over 2-5 years
Leverages Forbes & Manhattan’s infrastructure
and deal flow
Broad investment mandate in resource sector
First Class Performance (67% IRR Since Inception, 4.5 Years)
Significant exposure to gold in current portfolio
Exciting investments in other resource sectors
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4. Aberdeen’s Shareholders Own:
1. Investment Portfolio ~ $61.8 M
Market Value (April 30, 2012) ~ C$0.71* /share
*Excludes value of two gold royalties
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5. Dividend of $0.02/year to be paid
2. Dividend – 4.0% Yield semi-annually on March 31st and
September 30th
~$500-700K
3. Gold Royalties paid quarterly*
*Royalty Sold effective May 31st
• Bonus shares that will vest at No
4. Performance Driven Upside Cost upon performance
milestones on several holdings
5. Ongoing high quality deal flow Supporting next generation
of investments
TSX:AAB 5
6. 121%
3.0 Years
Since Oct 2009
67%
4.5 Years
Since Incept.
TSX:AAB 6
8. Forbes &
Aberdeen’s
Manhattan’s Success
Capital
Expertise
• Seed Level Financings • International Network • Enhanced Returns
• Maintain Active Role • Geologists/Engineers • Proven Track Record
• Public & Private • Legal/Admin/IR • Successfully growing
Companies • Accounting the Portfolio Value
Actively building companies and creating value
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9. Active Investment Targets
Private
Micro-cap
Seed financings
Active role in management & BOD
+ 100%
From initial
Support financially in early stages
investment
Merchant Banking
Short-term investments
Bridge financing
+ 10% pa
Fee income + Warrants
Royalty Revenue*
Provides upside to higher gold prices
Backed by 8 Moz reserves and
2.5+
$ M
pa
25 Moz resources
* Deal Pending for Gold Royalty Sale
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10. Our Active Strategy Lowers The Risk
1. We invest at “seed” level when valuation is at its lowest
• Often we are involved structuring the deal for ourselves
• Keep large warrant positions and/or debt for upside and
protection
2. We maintain active role as a company partner
• Assist management in early stages
• Leverage F&M network to recruit key operational people
• Retain board seat(s)
3. We offer diversification
• Diversified over number of investments (commodity exposure,
stage of development, etc.)
• Maintain financial flexibility for new opportunities while giving
shareholders good upside exposure to our successes.
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11. Bull Market
• Opportunistic for
portfolio growth
• Investments in private
companies Bear Market
• Unlock value by taking
• Opportunistic from
investments public and
investment perspective
corporate sales/mergers
• Investments in distressed
assets and public companies
• Assist in restructuring to
unlock value
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12. Aberdeen’s recent success:
$2.32
$1.18
SOLD
(Exited position at
$1.80-$2.32)
Avg Cost
$0.48
$0.26
$0.34
$0.14 Avg Cost
Forbes & Desert Sun Mining (Gold) Consolidated Thompson (Iron Ore)
Manhattan 3,750% return in 4 years 4,500% return in 3 years
success: $735M sale price to Yamana Gold $
4.9B sale price to Cliffs
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13. Asset Class
By Commodity
Public Private
Equities Gold & Precious
Metals
Strategic
*February 29, 2012
TSX:AAB 13
14. Sulliden Gold (TSX-SUE)
Canadian-based gold development company with assets in Peru
Developing the Shahuindo Gold Project, its 100%-owned flagship property
located in a prolific gold producing district in northern Peru, close proximity
to Barrick’s Lagunas Norte and Newmont’s Yanacocha operating mines
Low cost, low capital mining scenario, forecasting production of ~150,000 oz
per year, financed to construction
Feasibility study underway with expected completion by fall 2012
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15. TSX-v: EAS
Engaged in the exploration, acquisition and
development of mineral properties in Asia with a
key focus on Indonesia and Mongolia
Current focus on the multi-million ounce Miwah
high sulfidation epithermal gold deposit located
in Aceh, Indonesia. Currently @ 3.28 MMoz
In 2011, East Asia Minerals became a member
of the Forbes & Manhattan Group of Companies
Capital Structure
Common Shares 110,221,582
Warrants 29,950,000
Options 6,708,000
Fully Diluted 146,879,582
52-wk High/Low $8.24 / $0.41
Market Cap C$65 million
TSX:AAB
Cash C$19 million
15
16. Aberdeen has a UNIQUE and SUSTAINABLE business model that needs to be
better recognized
PRIORITY #1 PRIORITY #2 PRIORITY #3
• Tell our story • Increase assets • Manage capital
through enhanced under structure
marketing efforts management • Execute regular
• Continue to post • Sold gold royalties share buybacks
exceptional results for $20.9 million • Increase dividend
• Cannot replicate our (May 31, 2012) • Pursue other
business with public • Increase liquidity corporate growth
holdings, therefore and reduce market opportunities
large valuation gap is risk
not warranted • Organic portfolio
growth
• 2012 warrants
($37.5 mm)
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17. PORTFOLIO GROWTH
Sale of gold royalties (closed May 31st) will provide new cash for investment
into high quality, extremely undervalued world class assets.
New investments in precious metals, iron ore, coal, agri-minerals and energy
set to continue the momentum in 2012
3 – 4 private investments to list in next 12 months – more value and liquidity
Performance shares expected to vest for Aguia and Forbes Coal
Unique access to seed financings on great resource assets
CORPORATE GROWTH
Reducing discount to shareholder’s equity
Increasing AUM should increase liquidity and reduce discount
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18. Contact Details
David Stein Mike McAllister
President & COO Manager, Investor Relations
416-861-5812 416-309-2134
dstein@aberdeeninternational.ca mmcallister@aberdeeninternational.ca
www.aberdeeninternational.ca Follow us:
TSX:AAB A Forbes & Manhattan Group Company
20. Share Structure Major Shareholders
TSX:AAB
Management &
Shares Issued & Outstanding
Options
86.5M
6.0M Directors 15%
Fully Diluted 92.5M
AXA
US Global Investors
Share Price (June 6, 2012) $0.44 Freestone Capital
Market Capitalization $38.1M
TD Asset Mgmt
Sentry Investments
11%
52 week High/Low $0.92/$0.40 Dimensional Fund
Meyer Handelman
Shareholders’ Equity (Jan 31, 2012) = $1.12/share
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21. Strong management with a DEPTH of experience in the resource sector and a PROVEN track
record at building companies from the seed level through to highly successful exits
Management Team Board of Directors
George Faught, C.A. Stan Bharti, P.Eng.
Chief Executive Officer Executive Chairman
David Stein, CFA, MSc. George Faught, C.A.
President & Chief Operating Officer Director
Ryan Ptolemy David Stein, CFA, MSc.
Chief Financial Officer Director
Richard Bishop Hon. Pierre S. Pettigrew
Vice President of Investments Director
Bernard Wilson, C.A.
Director
Mike Hoffman, P.Eng.
Director
Jean-Guy Lambert, MBA
TSX:AAB Director 21
22. Aberdeen compares favorably with the “better-known” resource investment
companies
Sprott Resource Pinetree Capital
Corp.
0.9x Shareholders’ Equity
(March 31, 2012) 0.5x SE (est.) 0.5x SE (April 30, 2012)
5-10 positions 20-30 positions 400+ positions
• Large size, well financed, • Small market cap • Large size, liquidity
brand name mgmt • Combination of liquid • Holds many passive
• 40% in cash and gold public, private holdings, minority positions,
• Equity accounting gold royalties marked-to-market
(private holdings) means • ACTIVELY participates quarterly (good visibility)
revaluation events are with management to • Shareholders’ equity
rare optimize value and tracks TSXV index
• Heavily weighted to protect interests • Little to no impact for
agriculture and energy • Big investment wins individual positions
• Expensive management have a material impact
fees to shareholders
• Pay dividend
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23. F&M Provides Industry Leading Technical Knowledge
& Accomplished Financial Markets Professionals
Technical Legal Financial Admin /
Team Team Team Accounting
• Over 25 engineers • 6 full-time • Over 30 people • Over 15
• Over 25 geologists securities with expertise in accounting and
lawyers – M&A administration
• Expertise in all – Investment banking staff
mining, energy & – Corporate
agriculture products development
– Investor relations
Financing
World class team Proven track
Marketing
record
M&A
Actively building companies and creating value
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24. Investment Portfolio Top 5 holdings
1. Sulliden Gold
Value at (April 30, 2012): 2. Belo Sun
3. Forbes & Manhattan Coal
20
other investments
4. Brazil Potash Agriculture
C$ 61.8M 5. Black Iron Oil & Gas
Mining
Top 5 holdings = 51% of Portfolio
Gold Royalties*
8 Moz reserves Cash
1% gold NSR 25 Moz resources Always evaluating new
investments. Typical
Buffelsfontein Mine entry point:
US$2.5M
(Simmers & Jack)
Mine Waste Solutions Current net over next
C$ 1-5M
(First Uranium) 12 months
* Gold Royalty Sold (May 31, 2012)
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25. Scandinavian
Metals
Castillian
Silver Bear
Pitch Black
Cap-Ex
Alexis
Cap-Ex Desert Eagle
Alderon
Sulliden Black Iron
Castillian East Asia
Alexis
Alexis East Asia
Rodina Copper One Longford
Copper One Temujin
Bell Copper Dacha
Vast Exploration
Copper One
Bell Copper Sagres
Alder Resources Sagres Allana
Brazil Potash East Asia
Sagres Belo Sun
East Asia
Aguia
Sulliden Aguia
Castillian Largo
Aguia
Rodina Irati Forbes Coal
Legacy Platinum
Allana
F&M Headquarters Fertilizer/Ag Output
Forbes Offices Iron Ore/ Specialty Metals
Energy Strategic Metals
TSX:AAB Precious & Base Metals
26. TSX: BKI
Excellent infrastructure access to power, rail
and port facilities
Close to 5 other operating mines including
Arcelor Mittal’s iron ore complex
814 MT of measured, indicated inferred
resources at 31-32% iron
Capital Structure Similar size and grade to Consolidated
Common Shares 57,414,132 Thompson (Canada), recently sold for $4.9
Warrants 21,829,348 billion
Options 6,871,999 Experienced Management Team
Fully Diluted 86,115,479
52-wk High/Low $1.16 / $0.25
Market Cap $42 million
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27. Iron ore company with significant landholding in
TSX-v: CEV the Labrador Trough, near Schefferville, Quebec.
The company is focused on the development of
its wholly owned Block 103 property
Management led by former Consolidated
Thompson.
Huge land position of 121,000 hectares with
access to existing and planned infrastructure
Capital Structure Flat lying iron ore sheet at surface covering 12km
Common Shares 57,414,132 by 2km area based on 26 drill holes with average
Warrants 21,829,348 drill indicated width of 110m and average grade
Options 6,871,999 of 30.5% Fe
Fully Diluted 86,115,479 2011 exploration drilling program completed
52-wk High/Low $1.25 / $0.25 6,000 meters. 15,000 meters planned for 2012
Market Cap $25 million
NI 43-101 resource expected December 2012
TSX:AAB PEA expected March 2013 27
28. Strategic Platinum Holdings in South Africa
A growing platinum company in the midst of acquiring exploration and
development assets on the Bushveld complex in South Africa with a focus on
platinum with by-products (palladium, rhodium, vanadium, chromium, nickel)
21.9% of Sable Platinum Holdings (~178MMoz 4PGMs) on the Doornpoort,
Klipfontein, Syfterfontein, Bank, and Abrina projects
Recent acquisition of Naboom Platinum Mine, South Africa’s first platinum mine
which produced during the 1920’s via shallow underground and open pit mines
with little modern exploration to date. Near surface mineralization with
exceptionally high grades (7-20 g/t)
Looking for fit between short-term production at Naboom and long-term
potential of Sable Platinum. Constantly evaluating additional opportunities in
current market
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29. Gold and Base Metals in Sweden & Norway
Resource stage polymetallic project in
Norway
Early to advanced stage exploration
projects in Sweden
Skellefte Field, Sweden: 100%
interest in > 23,180 hectares with
multiple VMS targets
Bergslagen, Sweden: 100% interest
in 10,766 hectares adjacent to world-
class VMS-skarn type deposits of over
100MT
Grong Area, Norway: 40% interest in
14,067 hectares with multiple VMS
deposits
Proposed dual listing on TSX-v and
TSX:AAB Sweden within 12 months 29