3. Simba Gold Corp. – Gold in the Heart of Africa
• Gold exploration company exploring quality assets in Rwanda, Africa
• In March 2011, Simba completed a Qualifying Transaction to purchase up to
100% of Rogi Mining Limited (“Rogi”) in exchange for up to $ 2.75 MM and
the issuance of up 5.7 MM shares over a period of 5 years(1)
• Principal asset is the Miyove Gold Project which comprises 2,937 hectares
over the largest historic gold-producing area in the country
• Completed a surface exploration program in December including detailed
mapping, sampling and a geophysical survey to define further drill targets;
results pending(2)
• Management team with several years of in-country experience
• Well funded: completed a $6.04 MM private placement
March 2011(1)
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4. Board of Directors
John Anderson, Chairman
• Founder of Aquastone Capital Partners, NYC based investment and gold fund; over 19 years experience in
financial consulting, corporate development and real estate asset management
Werner Ullmann, President, CEO & Director
• 10 years experience in the commodity sector, former analyst and fund manager of the Gold & Resources Equity
Fund at DJE Kapital AG
Simon Anderson, CFO & Director
• 25 years of extensive experience in fnancial accounting, corporate finance and mergers and acquisitions
Igor Vishnevskiy, Director
• Previously Head of the Moscow Representative at Glencore International AG, one of the world’s largest suppliers
of commodities and raw materials to consumers (1997 – 2003)
Allan Armitage, Director & Qualified Person
• Geologist with over 20 years experience; currently a senior geologist with GeoVector Management Inc. which
provides resource evaluation, estimation and project management
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5. Management
Werner Ullmann, President, CEO & Director
• 10 years experience in the commodity sector, former analyst and fund manager of the Gold & Resources Equity
Fund at DJE Kapital AG
Simon Anderson, CFO & Director
• 25 years of extensive experience in fnancial accounting, corporate finance and mergers and acquisitions
Bijay Singh, VP Corporate Development
• Has worked with public and private companies for over 10 years providing services in corporate finance, product
and business development corporate negotiations and public relations
Tom Kennedy, Corporate Secretary
• currently is a director and/or officer of several publicly listed companies and has, since January 1991, been
providing legal, management and financial services these companies
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6. Share Structure
(as at December 5, 2011)
Market Capitalization $4.2 MM
(at $0.12)
Shares Outstanding(1) 34,790,729
Warrants 12,697,648
Options 730,000
Fully Diluted 48,218,377
(1) In addition, 4,750,000 shares are reserved to complete the acquisition of Rogi Mining Limited
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7. Qualifying Transaction with Rogi
March 2011 – Simba completed its QT to purchase 100% of Rogi’s shares in exchange
for up to US$2.75 MM and up to 5.7 MM shares over 5 years(1)
Date Cash (US$) Issuer Shares Interest Cumulative
Earned Interest Earned
March 10, 2011 $156,250 950,000 12% 12%
March 10, 2012 $312,500 950,000 14% 26%
March 10, 2013 $312,500 950,000 14% 40%
March 10, 2014 $343,750 950,000 15% 55%
March 10, 2015 $1,625,000 1,900,000 45% 100%
TOTAL $2,750,000 5,700,000 100%
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8. Mining in Rwanda
• Part of the Great Lakes Mineral Province, which includes the greenstone-hosted gold
deposits in Tanzania and north-eastern DRC and the vein-hosted gold deposits in
Rwanda, south-western Uganda, the DRC, and Burundi(3)
• 2010: natural resources were 14.9% of total exports (USD $67.8 MM)(4)
• Major minerals exported include: tin ore, tantalum, tungsten
• The country is relatively unexplored in terms of gold but high levels of the precious
metal have been found in the Gicumbi and Nyamasheke districts(5)
• 2004: the new Mining Law was adopted and the industry was privatised(5)
Increased foreign investment
Increased productivity
Government supported integration of the country’s artisanal and small-scale
miners into the formal sector
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10. Miyove Gold Project
• Location: Northern Rwanda, 65 km from the
capital city of Kigali
• Area: 2,937 hectares
• Ownership: Simba Gold Corp. owns 12% of Rogi
Mining Limited (“Rogi”) and has an option to
purchase up to 100% over five years; Rogi, a
private company owns the Miyove Gold
Project(1)
• Established infrastructure with road, water and
commercial power access
Miyove Gold Property
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11. Miyove Gold Project
• Located on the Kibara Belt which extends in a
north easterly direction from the eastern part
of the Democratic Republic of Congo (DRC)
through Rwanda, to the southern portion of
Uganda
• 3 mineralized zones on a northwest-southeast
mineralized trend extending 6 kms
• The gold deposit type being targeted on the
Miyove Project is similar to the Twangiza Gold
Mine (Banro Corporation) in South Kivu Mineralized Vein Structure on Miyove Project
province, DRC which is also hosted in the
Kibara belt(2)
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13. Neighbouring Gold Deposits
• Transafrika Resources’ Byumba Deposit is located approximately 35 km east of
Miyove:
Inferred resource: 256,000 oz gold(3)
Mineralization is open at depth and along strike
Transafrika recently acquired by Desert Gold Ventures Inc. (TSX.V: DAU)(10)
• Banro Corporation has 4 gold properties in the DRC covering the major historical
producing areas along the Twanziga - Namoya Gold Belt:
Twanziga and Kamituga Mines: 6.9 MM oz gold
Lugushwa Mine: 2.7 MM oz gold
Namoya Mine: 1.5 MM oz gold
Historical reports of approximately 2.4 MM ounces of gold produced(6)
• Gold mineralization discovered to date on the belt occurs along well defined
ridges with excellent potential for the development of open pit reserves
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14. Historical Work on the Miyove Project
• The property covers 3 historical mine sites comprising the largest gold producing area
in Rwanda
• Located approximately 200 km northeast of the Twanziga - Namoya Gold Belt with
reports of approximately 2.4 MM ozs historic gold production(6)
• Historic production by artesian miners estimated to be approximately 2.5 to 4 metric
tons of gold (80,400 to 128,600 ozs) in the 1930’s and 1940’s(7)
• 1930s: gold discovered and mined by the Minetein Company
• 1984-85: a Belgian company conducted prospecting, geochemical surveys, trenching
and pitting, and underground development
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15. Historical Work on the Miyove Project (cont’d)
• 1986-1988: UN completed exploration programs and limited diamond drilling
• 2,258 m in 16 holes directed at 3 mineralized zones
• Best intersection: hole MK-03 from 88.0 to 94.0 m averaged 24.93 g/t Au over 6.0 m
• 2006-09: work completed by Rogi Mining:(7)
• Geological mapping, trenching, sampling
Trench dug for sampling programs
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16. 2011 Work Program
• 2300 m drilled to date focusing primarily on the Karenda zone; highlights include:(8)
Hole MY-11-02: 24.69 m averaging 0.61 g/t gold, including 7.54 m averaging 1.12
g/t gold
Hole MY-11-05: 5.58 m averaging 1.21 g/t gold, including 2.57 m averaging 2.15
g/t gold
• Surface exploration program completed in December; results pending(2)
• Ground magnetic survey: 100 line km completed
• Sampling: 1243 soil samples & 134 rock samples collected
• Geological mapping: entire property mapped in detail
• The results will provide sufficient information for designing a drill program, to
commence in 2012
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17. Simba’s Additional Properties
• Southern Province – gold exploration
Ntendezi and Nyungwe National Park
Located in the Rusizi and Nyamasheke districts
Comprises 2098 hectares
• Eastern Province – nickel exploration
Located in the Kirehe district
Comprises 400 hectares
• No work currently being done on the above projects but that is subject to change
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18. Investment Highlights
Flagship project is the Miyove Gold Project, located in the largest historic gold-
producing area in Rwanda
Established infrastructure on the property with excellent road access, water and
power access
Well-funded company: completed a $6.04 MM private placement
(March 2011)
Government of Rwanda is extremely supportive of the mining industry
Qualified management team with several years of in-country experience
Commitment to community relations
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19. Endnotes
1) Reported in Simba’s March 10, 2011 News Release
2) Reported in Simba’s December 15, 2011 News Release
3) Transafrika Resources website
(http://www.transafrikaresources.com/pe/glm_i.php)
4) Ratio Magazine online (ratio-magazine.com), “Rwanda: More Mining Investments
After Introduction of Mineral Certification”
5) Government of Rwanda, Ministry of Natural Resources, “A Revised Rwandan Mining
Policy”, October 2009
6) Banro Corporation website (http://www.banro.com/s/Properties.asp)
7) Technical Report on the Karende-Murehe Property, June 14, 2010
8) Reported in May 10, 2011 News Release
9) Reported in Transafrika’s June 21, 2011 News Release
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20. 1750 - 1111 West Georgia Street
Vancouver, BC V6E 4M3
Tel: 604-568-3724
Fax: 604-628-5001
Email: info@simbagoldcorp.com
www.simbagoldcorp.com