Batie West “A New Gold Province”

GOLD SYMPOSIUM 2011

Disclaimer and JORC Notice The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing

by or on behalf of Ampella Mining Limited (“Ampella”) or its respective employees, agents or consultants (Information) is provided to the recipients on the terms and conditions set out in this notice. The purpose of this presentation is to provide recipients with information relating to Ampella. This presentation has been prepared by Ampella and each recipient must make his/her own independent assessment and investigation of Ampella and its business and assets and should not rely on any statement or the adequacy and accuracy of any information.

Ampella makes no representation or warranty (either expressed or implied) as to the accuracy, reliability or completeness of the Information. Ampella and its directors, employees, agents and consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or for any omissions from the presentation, except liability under statute that can not be excluded.

This presentation contains references to certain intentions, expectations and plans of Ampella. These intentions, expectations and plans may or may not be achieved. They are based on certain assumptions which may not be met or on which views may differ. The performance and operation of Ampella may be influenced by a number of factors, many of which are outside the control of Ampella. No representation or warranty, express or implied, is made by Ampella or its respective directors, employees, officers, agents, consultants or advisers that intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved.

This presentation does not constitute in any way an offer or invitation to subscribe for securities in Ampella pursuant to the Corporations Act 2001 (Cth).

The information in this presentation that relates to exploration results is based on information compiled by Dr Paul Kitto, who is a member of the Australian Institute of Geoscientists. Dr Kitto is employed by Ampella Mining Ltd.

Dr Kitto has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Kitto consents to the inclusion of the matters based on information in the form and context in which it appears.

Information in this presentation including data collection, wireframe interpretation and geostatistical modelling calculations at the Konkera Gold Prospect is based on work by Mr Tony Rudd, a full time employee of Ampella Mining. This work was reviewed by Mr Don Maclean, a consultant from Ravensgate Mineral Industry Consultants, an independent consultancy group specialising in mineral resource estimation, evaluation and exploration. Mr Don Maclean is a Member of the Australian Institute of Geoscientists. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Tony Rudd and Mr Don Maclean consent to the inclusion in this report of the matters based on information in the form and context in which it appears.

Board & Senior Management

Board

Peter Mansell – Chairman (Legal)

Dr Paul Kitto – Managing Director (Geology)

Evan Cranston – Executive Director (Corporate)

Ronnie Beevor – Non Executive Director (Finance)

Ron Renton – Non Executive Director (Mining / Engineering)

Charles Soh – Non Executive Director (Metallurgy)

Senior Management

Jean-Luc Roy – Chief Operations Officer

Philippe Blackburn – Chief Financial Officer

Tony Rudd – Exploration Manager

Neil Hackett – Company Secretary

Current Capital Structure

Total Ordinary Shares on Issue ~205M

Director and Staff Options 13M

Number of Shareholders ~1790

Top 20 Shareholders ~78%

Market Capitalisation at $2.05 ~$420M

Cash (30 September 2011) ~$27.7M

AU

S$

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0.5

1

1.5

2

2.5

3

3.5

Our Shareholders

BlackRock 7.8% Goodmans 6.5% Colonial First State 6.2%

Australia - 46%

North America - 23%

UK - 14%

Africa - 8%

Europe ex UK - 6%

Asia - 2%

Middle East - 1%

Substantial Institutional Shareholders:

Domestic Institutions - 19%

Foreign Institutions - 33%

Private Stakeholders - 32%

Employees/Directors/Insiders - 11%

Hedge Funds - 3%

Corporate Stakeholders - 2%

Analysts Consensus

Institution Recommendation Target Analyst

RBC Buy $3.00 Steuart McIntyre

Credit Suisse Outperform $3.00 Michael Slifirski/Sam Webb

Buy $2.60 Stephen Gorenstein/Anthony Kuo

Buy $3.01 Alex Passmore

Buy $3.42 Paul Adams

Strong Buy $3.00 John Meyer

Buy $2.84 James Wilson

Burkina Faso Location Map

OUAGADOUGOU

9 Permits (~1800km2)

Major crustal shear 110km

Extensive artisanal workings

16 virgin gold discoveries to date

3.1Moz JORC Resource at Konkera

Low discovery cost

Batie West “A New Gold Province”

Konkera 3.1Moz Resource November 2011

Virgin discovery

Strike 4.9km

Multiple stacked lodes

Down to 400m vertical

drilling

Open down-dip

Open along strike

No people

Open pittable

Bulk tonnage

Multi-million oz potential

Konkera 3.1Moz Resource November 2011

Independent Mineral Resource Estimate (JORC)

(*Rounding applied; 10-18 g/t Au top-cut)

Largest single undeveloped gold resource in Burkina Faso#

RESOURCE CATEGORIES

Indicated Inferred Total

Au

Cut-off Tonnes*

Grade

(g/t Au)* Ounces Tonnes*

Grade

(g/t Au)* Ounces Tonnes*

Grade

(g/t Au)* Ounces

0.5 30,018,179 1.6 1,502,484 31,774,248 1.5 1,571,737 61,792,425 1.6 3,074,389

1.0 20,765,638 1.9 1,272,594 21,870,064 1.9 1,326,235 42,635,702 1.9 2,598,983

2.0 6,693,493 3.0 637,394 7,216,471 2.9 667,094 13,909,965 2.9 1,304,495

#At 1 g/t gold cut-off

SHEAR ZONE

Area 1 - Mineralised Shear Zone

intrusion related gold

albite-ser-cb rich alteration

gold-sulphide association

open at depth

structural controls

AREA 1 AREA 2 Konkera North Shear Zone

Konkera Resource Infill Drilling – Konkera North

Konkera Resource Prefeasibility

Ampella Project management, survey

Mintrex Process, plant & infrastructure design,

project implementation

Knight Piesold Geotechnical, tailings and infrastructure design

ALS AMMTEC Perth Metallurgical testwork

Peter O’Bryan Associates Geotechnical assessment

Genivar Social and Environmental studies

Cube Mining engineering

Our Consultants Responsibilities

2011 2012 2014 2013

Met Testing

Environmental / Permitting

Feasibility Study

Design & Engineering

Procurement

Earthworks & Infrastructure

Plant Construction

1st gold pour

Prefeasibility Studies

Batie West $30M Exploration Program in 2011

Complete geochemistry along 110km Shear Zone

3 Auger & 1 Aircore rigs

Rank new gold targets

Konkera Resource (3.1Moz Au)

2 Multi-purpose rigs (85,000m)

Expand Resource (open)

Complete Prefeasibility Q1 2012

Commence DFS

Production Q1 2014

Evaluate 15 new gold targets

3 RC & DD rigs (120,000m)

Identify next resources

Wadarado

o

Regional Gold Targets Foumbiri Prospect

First pass drill test

2.5km of 4km anomaly

Results include:

23m at 2.9 g/t Au incl. 10m at 5.3 g/t Au

10m at 2.6 g/t Au incl. 3m at 6.9 g/t Au

10m at 1.9 g/t Au incl. 6m at 3.1 g/t Au

Resource drillout planned during current dry season

Summary

Identified a “New Gold Province”

Locked up 110km long gold-bearing shear

3.1Moz Au JORC compliant resource (4.9km)

Prefeasibility Q1 2012

First gold pour Q1 2014

15 new virgin Au targets with significant drill intercepts

Fully funded

Focused aggressive exploration programs

JV partners adding value on our other projects

Auger Geochemistry

Suite 22, 513 Hay Street

Subiaco 6008

Western Australia

Telephone: + 61 8 6142 0980

Facsimile: + 61 8 9200 1879

Email: info@ampella.com.au

Website: www.ampella.com.au

Dr Paul Kitto: +61 (0)419 883 563

Managing Director

Evan Cranston: +61 (0)408 865 838

Corporate Director