agm institutional presentation aug 29 2011

AGM-‐V

ALDRIDGE MINERALS AGM-V www.aldridgeminerals.ca

AGM-‐V

DISCLAIMER

Certain statements contained in this presentation regarding the company and its activities constitute “forward-looking statements”. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance are “forward-looking statements“. We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in metal prices, unpredictable results of exploration, uncertainties inherent in the estimation of mineral resources and reserves, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the company operates, lack of appropriate funding and other risk factors. There can be no assurance that such “forward-looking statements” will prove to be accurate. Potential investors should conduct their own investigation as to the suitability of investing in securities of the company. Martin S. Oczlon, PhD Geo, is the qualified person for the company as required by NI 43-101 (Canadian Securities Administrators). The company undertakes no obligation to update any “forward-looking statements”. We seek Safe Harbour.

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Directors & Management

Jacob Willoughby — President & director. Joined board Feb 2010 & became president April 28th 2010

Jean-Pierre Colin — Chairman. Director since Oct 2010, also a director of Premier Gold

Dr. Martin Oczlon — CEO & director. Founder & largest individual shareholder

Jim O’Neill — CFO. Joined Aldridge June 2011

Daniella Dimitrov — Director & legal advisor. Joined board Oct 2010

Barry Hildred — Director. Joined board April 2010

John F. Cook — Director. Mining Engineer and former Chairman of Premier Gold and Wolfden Resources

Ed Guimaraes — Director. Joined board May 2011. Served as Executive VP & CFO at Aur Resources prior to it being acquired by Teck Resources

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Market Highlights (as of August 29, 2011)

Symbol Canada TSX-V: AGM Frankfurt: AIW

Shares outstanding 37.1 million

Directors & Insiders about 15 %

Shares fully diluted 51.7 million 4.1 m options @ avg. strike of $1.43, 10.5 m warrants @ avg. strike of $1.72) (Exercising all options and warrants brings in C$23.5m)

52 week high / low C$ 2.25 / $0.72

Recent price C$ 0.90

Market cap C$33.4 million

Cash C$ 9.5 million

Top institutional shareholders

RBIM, Colonial First State, US Global, Libra, Excalibur, Sprott, JVAR and Creststreet 4

Analyst coverage

Clarus Securities Inc.

Mackie Research Capital Corporation

0K50K100K150K200K250K300K

$-‐

$0.50

$1.00

$1.50

$2.00

$2.50

AGM Share Price

Daily Volume Share Price

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Yenipazar - Location Map

AGM – Yenipazar Au-Ag-Cu-Pb-Zn Project

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Turkey: A Great Place for Mining

Politically stable, pro-mining, non-bureaucratic

Excellent infrastructure roads, electricity, water, railways

New, modern and western oriented mining code (2004)

Low tax rate, tax incentives in our area, VAT re-payments •  0.5-1 % effective royalty, 20 % corporate tax

One of the world’s last under explored mineral-rich regions

Recent large discoveries include: •  EGO-T: Kisladag (254 Mt @ 0.95 g/t Au – 7.8 M oz Au = $10.7 B ) •  ANO-T: Cöpler (90 Mt @ 1.87 g/t Au – 5.4 M oz Au = $7.4 B) •  ENK-ASX: Caldag (33 Mt @ 1.3 % Ni – 946 M lbs Ni = $9.8 B excluding Cobalt value) •  AGM-V: Yenipazar (+25 Mt @ 1.1 g/t Au, 33.8 g/t Ag +Zn+Pb+Cu = $4.3 B)

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Contained metal: 854,400 oz of Au, 26.6m oz of Ag, 819m lbs of Zn, 624m lbs of Pb and 167m lbs of Cu In-ground metal value at current prices: Approximately US$4.3 billion NI 43-101-compliant resource estimate based on 370 drill holes in an optimized open pit shell (Feb 2011)

Yenipazar Open Pit Resources

Million Tonnes

Au g/t

Ag g/t

Cu %

Pb %

Zn %

Ind. 24.28 1.09 33.8 0.31 1.16 1.52

Inf. 0.22 0.49 22.7 0.30 0.71 1.16

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Accomplishments in 2010

Raised C$5m in a private placement attracting the first institutional investors in Aldridge (Jan - $1.00 unit with full warrant for two years at $1.50)

Restructured the board and management – 5 Directors out, 5 Directors in – all new directors based in Toronto and have significant knowledge and experience in Canadian capital markets

Revised our earn-in agreement with Alacer on Yenipazar

Gained analyst coverage from Mackie Research and Clarus Securities, both with target prices nearly 2x our current share price

Completed infill drilling and collected metallurgical samples

Completed 43-101 complitant PEA in December (commenced in mid July)

Relocated our corporate offices to Toronto from Vancouver

Hired IR groups Ascend Communication and Profinnotiv for NA and Europe respectively 8

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Project Details

Open pit project — volcanogenic massive sulphide (VMS) Zn-Pb-Cu-Au-Ag deposit. Robust economics as demonstrated by our PEA

Solid Resource Base — +24 Mt within an optimized open pit shell. This puts Yenipazar in the 90th percentile of all known VMS deposits as far as size

Great Infrastructure — paved road next to the deposit, as well as access to water. Power and rail within approximately 20 km

Unique characteristic — Large ore mineral grains due to metamorphism – potentially more cost-efficient separation from host rock than usual VMS-deposits

Deposit dimensions — roughly flat lying body should allow for flexible mine sequencing to optimize early payback - 1700 m long, up to 300 m wide, 30-190 m deep, on average about 25-30 m thick. Still open, especially to the north of the deposit

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Yenipazar Key Parametres

Large land package — 100 km2 property that has seen very limited exploration, level and low-relief, open terrain used predominantly for farming

Local support — Near-by village with pro-mining work force and strong community support.

Agreement with Alacer — to earn 100 % interest. Alacer Minerals retains 6 % net proceeds interest (revenue minus operational cost) until a total revenue of US$165m, and 10% beyond that amount

Commitment — Aldridge must deliver a feasibility to Alacer. There is no deadline, as long as Aldridge works diligently towards completing feasibility study. 10

Typical VMS Mining Camps (Source: Geological Survey of Canada)

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Scoping Study Highlights

Base Case NPV US$209m & IRR of 23.2 at 7% discount rate

•  At 10% discount rate, NPV US$151m or $4.07per basic share, $2.92 a share fully diluted.

•  Base case uses 3-year trailing average metal prices and 4.5:1 strip including pre-strip and capex of US$198m for a 12 year mine life assuming 5,700 tpd mill (2m tpa).

•  Average payable production of 23,700 oz Au, 1.1m oz Ag, 10m lbs Cu, 37m lbs Pb, 37m lbs Zn from diluted average grades of 1.02 g/t Au, 31.6 g/t Ag, 0.29% Cu, 1.1% Pb, 1.4% Zn

•  Zn conc grades 55%, Pb conc grades 55% & 1025 g/t Ag, Cu conc grades 23% with 20 g/t gold & 337 g/t Ag

• Project payback in 3.9 years. LOM average NSR US$57.27/t, LOM average total operating cost $29.65/t.

•  At current metal prices NPV of US$703m at 7% discount rate (NPV of US$579m at 10% discount rate) and IRR of 54%

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Scoping Study Lowlights

Base case used results of ONE locked cycle flotation test •  Recoveries: Zn 59%, Pb 78%, Cu 77% - well below average for Zn – need to be improved – Proper floatation study to be completed soon (60 – 90 days)

•  Recoveries: Au 37%, Ag 57% - both should be improved. Have three separate solutions to improve these

•  A doubling of gold recoveries would double the base case NPV (i.e. US$302m at 10% or $8.14 / basic share)

•  A 10% increase in recoveries of each of the 5 metals would result in a 52% increase in our base case NPV

•  Assumed smelter payability of Au and Ag in the Cu conc were only 90% and 80%; should get 95% for both

•  Assumed payability of Ag in the Pb conc was only 85%; should get 90% - 95%

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Targeted Metallurgical Recoveries & Production

Revenue by Metal

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PEA Recoveries and ProductionAu Ag Cu Pb Zn

Pricing Assumptions (3 Yr Trailing as at 12/10/12) $1,007 $16.19 $2.95 $0.90 $0.86Estimated Recoveries (PEA) 36.8% 56.9% 76.6% 77.8% 58.8%

Avg Payable Prod 23,700 oz 1,100,000 oz 10 m lbs 37 m lbs 37 m lbs

10% Discount Rt. 7% Discount Rt. IRRNPV (US$m) $151 $209 23.2%

Share Price (Basic) $4.07 $5.63 Share Price (FD) $2.92 $4.04

Targeted Potential RecoveriesAu Ag Cu Pb Zn

Pricing Assumptions (3 Yr Trailing as at 12/10/12) $1,007 $16.19 $2.95 $0.90 $0.86Estimated Recoveries (Targeted) 70.0% 66.9% 76.6% 77.8% 65.5%


10% Discount Rt. 7% Discount Rt. IRRNPV (US$m) $381 $475 39.8%


Potential Recoveries at Spot PricesAu Ag Cu Pb Zn

Pricing Assumptions (Spot as at 08/22/11) $1,890 $43.96 $3.96 $1.03 $0.97Estimated Recoveries (Targeted) 70.0% 66.9% 76.6% 77.8% 65.5%


10% Discount Rt. 7% Discount Rt. IRRNPV (US$m) $856 $1,024 71.2%


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Comparable Base Metals Companies Relative Valuation

Source: Net asset values based on research analyst consensus estimates; closing prices per Bloomberg as at May 12, 2011, WWCM presentation 2011

PRICE / NET ASSET VALUE

AGM consensus NAV $5.05, P/NAV = 0.24

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Price / Net Asset Value

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* Cu $3.96, Pb $1.03, Zn $0.97, Ag $43.96, Au $1890, C$/US$ 1.00 as of August 22nd 2011

Aldridge – Smallest Market Cap to Contained Metal Value

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Yenipazar Property & Drill Hole Sites

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Hole-No Interval (m) Thick-ness Au g/t Ag g/t Cu % Pb % Zn %

YP-149 92 126 34 m 5.78 93.4 1.11 2.72 3.90

YP-151 58 70 12 m 3.62 52.0 1.03 0.52 2.76

YP-151 74 100 26 m 6.35 52.5 1.62 1.18 2.79

YP-156 42 90 48 m 3.93 16.7 1.09 0.30 0.30

YP-156* 110 150 22 m* 0.46 26.9 0.15 0.81 1.39

YP-264 52 100 48 m 4.72 66.2 0.96 4.22 7.65

YP-282 82 114 32 m 2.93 82.1 0.97 3.10 4.84

*Cumulative thickness of 4 levels in 110-150 m interval

High-grade Intersections

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Recent Yenipazar Drilling News

Pairs of RC and duplicated diamond holes, 5 m apart

* YPD-1 includes 112-114 m (61 g/t Au), 122-124 m (20.15 g/t Au), 124-126 m (12.5 g /t Au). Capped at 10 g/t Au, the average grade for the diamond drilled interval of 62-130 meters is 2.05 g/t Au

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Yenipazar Mineralization

Large mineral grains at Yenipazar allow for gravitational pre-enrichment

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Shallow topography is ideal for open pit construction

Favourable Terrain

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Future Milestones for Aldridge

Commence feasibility study at Yenipazar – Announced June 23, requires 12 to 18 months

Complete the floatation study to improve recoveries and determine which smelters or off-takers to target with our concentrates – Report in September

Complete drilling and conduct extensive geophysics at Yenipazar to upgrade resources and to discover new deposits – Complete program mid September

Drill our PNG exploration discovery – Results expected mid November

Complete an AIF – Targeting October 21

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Aldridge PNG – The Kili Teke Discovery

Acquired a 338 sq. km license awarded in Feb 2009. Received 3 requests from majors to JV the property before any results published

Collected 80 rock samples and 350 soil samples

Discovered a very large Cu-Au porphyry & skarn system named Kili Teke

•  Two rock samples grading between 23% - 35% Cu with an average of 60 g/t Au and 238 g/t Ag;

•  Thirteen samples grading from 1.0% - 12.9% Cu with an average of 0.44 g/t Au and 3.8 g/t Ag;

•  28 samples grading from 0.3% - 1.0% Cu with an average of 0.39 g/t Au and 3.8 g/t Ag. Also had one sample grade 9.1% zinc

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Base image source: PNG Mineral Resources Authority, Info-DVD distributed on PDAC 2009-3, Toronto

Aldridge PNG License Area

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ALDRIDGE MINERALS INC Exploration License_2009-2-18

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Au in Soil Samples at Kili Teke

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Cu in Soil Samples at Kili Teke

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Cu in Soil Samples at Kili Teke with Ok Tedi Pit Overlain for Scale

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Timeline – Advancing Ahead

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Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov.

Feasibility Study

Flotation Study

Yenipazar Exploration (Infill and Bulk Sample)

Pilot Plant Metallurgical Studies

PNG Geophysics

PNG Drilling

Q4

Fiscal 2012

Q1 Q2Q2 Q3 Q4

Fiscal 2011

Q3

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ALDRIDGE MINERALS AGM-V www.aldridgeminerals.ca

AGM-‐V


Jacob Willoughby, President & Director Jacob is a geologist with a Masters in Business Administration from the University

of Windsor and became president of Aldridge in April 2010. He joined the board in February 2010. He was previously a partner and mining analyst at Paradigm Capital in Toronto, a highly ranked investment firm with a specialization in mining finance, where he worked for five years until choosing to leave in March 2009. He is also a director of Foxpoint Capital Corp.

Dr. Martin Oczlon, CEO & Director Dr Oczlon spent seven years during the 1990’s with BHP as senior exploration

geologist in SW Asia and SE Europe. He drilled the discovery holes for the Reqo Diq Cu-Au porphyries in Pakistan, now with 21 Mt Cu + 37 Moz Au. From 1999-2002, he developed a private exploration company with a large project in Romania and sold it at a 200% profit. Aldridge Director since 2003, responsible for project acquisition, exploration and development

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Jean-Pierre Colin, Chairman Mr. Colin began his career as an investment banker in 1980. Formally the Director

& Head of Corporate Finance at Octagon Capital Corp, he is currently providing corporate strategy consulting services to CEO's of public companies. Previous to his position at Octagon Capital, Mr. Colin was an investment banker with Desjardins Securities Inc., Executive VP of Deacon Capital, and Senior VP of Richardson Greenshields. He is also a director of Premier Gold. He is a Member of the Bar of the Province of Quebec and holds a Master of Business Administration from the University of Western Ontario

Daniella Dimitrov, Director Ms. Dimitrov has over 16 years of broad commercial and operational experience in

senior executive roles with major companies. She has held principal roles in mergers, acquisitions, financings, corporate finance and joint ventures. Ms. Dimitrov’s former positions include Senior VP, Strategic Initiatives of Raymond James Ltd., COO of Dundee Securities and Dundee Private Investors, General Counsel for the Dundee group of companies and counsel at a national law firm. She is also a director and vice chair of Baffinland Iron Mines.

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John F. Cook, Director Mr. Cook is a mining engineer with 45+ years of experience including

development of open-pit & underground mines, exploration, operations, management, & feasibility studies. He was most recently President & CEO of San Anton Resource Corp. & is currently a director of Strategic Resources Inc., MBMI Resources Inc., Southern Andes Energy Inc. & Cerro Resources Inc.. He was Chairman of Wolfden Resources Inc. until its purchase by Zinifex Ltd in June 2007, and was Chairman of Premier Gold Mines Limited until 2010. Mr. Cook is a graduate of Sheffield University in mining engineering.

Ed Guimaraes, Director Ed is a CA who held progressive management positions with Aur Resources

between 1995 and 2007, ultimately serving as Executive Vice-President, Finance and Chief Financial Officer of Aur until December 2007. Aur was acquired by Teck Resources Limited in a takeover valued at $4.1 billion in August 2007. Mr. Guimaraes has worked as a consultant in the resources industry since that time and is currently a director of Nuinsco Resources Limited. Mr. Guimaraes holds a Bachelor of Arts in Administrative and Commercial Studies from the University of Western Ontario.

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Barry Hildred, Director Barry founded The Equicom Group in 1995 and remained its President until

October of 2009. In 2007, Equicom was acquired by the TSX Group. Mr. Hildred also serves on the Board of the Children's Aid Foundation and is a past member of the Ontario Securities Commissions' Continuous Disclosure Advisory Committee.

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Jim O’Neill, CFO Mr. O'Neill, a Chartered Accountant with over 25 years of industry experience,

brings a depth of knowledge from various international mining, project management and distribution companies.