fortunate sun mining presentations feb 2012

www.fortunatesunmining.com

January 2012


DISCLAIMER

This presentation may contain forward looking statements including but not limited to, information regarding geological interpretations, resources, potential timing and content of exploration programs, production schedules and projections, receipt of permits, company financings etc.

Forward looking statements refer to events and conditions which have not yet taken place and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Fortunate Sun relies on litigation protection for forward looking statements.

Michael D. (Doug) Ellington and Dr. Phillip Goodell are the Qualified Persons under NI43-101 for the projects discussed in this presentation.

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MANAGEMENT

Reg Advocaat, President & CEO, Director, Officer Mr. Advocaat has 30 years experience in the junior mining sector beginning in 1982 as a retail stockbroker with Pacific

International Securities in Vancouver. His primary role was underwriting junior resource companies on the VSE including such companies as Bema Gold Corp. in 1986. He left the brokerage business after 11 years service in the capacity of Head Trader for the company. Prior to his current role as President of Fortunate Sun Mining Company Ltd., Mr. Advocaat worked as an IR and Corporate Development consultant for several VSE – now TSX - listed companies. This began with Eldorado Gold Corp. in 1995 and concluded most recently with Great Panther Resources Ltd. in 2008. Mr. Advocaat was primarily responsible for the raising of $15 mill for Great Panther Resources Ltd. in Dec. 2006 and has assisted in or raised in excess of $100 mill. for public companies during his career.

Peter Chen, CFO, Director, Officer Mr. Chen obtained a diploma in Accounting from Douglas College in 1993. From November 2000, to October 2003, Mr. Chen

was the Chief Financial Officer of Prospect Point Exploration & Management Services Ltd., a private company that provides mineral exploration consulting services. He was the President of Canadian Mineral Exploration Managing Consultants Inc., a private company that provides mineral exploration services to publicly listed companies that have projects in Africa and South East Asia, from January 1997 to January 2000 and Chief Financial Officer from February 1994 to January 2000. Mr. Chen is currently a director of the Douglas College Foundation. Mr. Chen is a founding shareholder and director of Duft Biotech Capital which was created in May, 2000.

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BOARD OF DIRECTORS

  Reg Advocaat: President & CEO/ Director/ Officer   Peter Chen: CFO / Director/ Officer   Terence Owen: Director   Scott Young: Director   Gary Nordin: Director

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ADVISORY BOARD

  Dr. Peter Megaw: Director Co-Founder of MAG Silver, Director of Candente Gold Corp., Minaurum Gold Corp.

  Mr. Terry Lyons: Chairman Northgate Min., Director of Canaccord Cap. Inc., Diamonds North Resources Ltd., Farallon Resources Ltd. , Sprott Resource Corp., Polaris Minerals.


STRATEGY

  Focus on Precious Metal Plays in Emerging Districts in Mexico.   Combination of Generative Model and Blue Sky.   Generative Model - Fortunate Sun Belt 125,000 ha. in Zacatecas:

Camacho – Pirelli - Michellin.   Blue Sky acquisition: Golconda.   Mexico is mining friendly and currently 13th in world in gold

production and increasing.   Mexico is 2nd in world silver production.

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CAPITAL STRUCTURE: PRE & POST IPO

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Shares Out. Pre IPO 17,477,500

IPO (7.5m units @.20) 7,500,000

Issued & Outstanding Post IPO 24,977,500

Financing Warrants 3,750,000

Broker Options 750,000

Broker Warrants 375,000

Options 2,400,000

Fully Diluted Post IPO 32,252,500


CORPORATE STRUCTURE

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Fitzwater 100% Owned (BC Property)

NI43-101

FORTUNATE SUN S.A DE C.V. MEXICO

Wholly Owned

Michellin I & II 100% Owned

Pirelli 100% Owned

Camacho 100% Owned

NI 43-101

Golconda Opt. To Earn 100%

Listing Project NI 43-101

FORTUNATE SUN MINING (MID ISLAND MINERALS)


Zacatecas State Project Location 125,000 ha. Staked Fall 2008

FSB - 200 km NE of Zacatecas City

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FORTUNATE SUN BELT (FSB): Zacatecas, Mexico

Existing Deposits: Goldcorp – Penasquito Goldcorp – Camino Rojo

Camacho Pirelli

Michellin


  Peñasquito – Goldcorp: PP Au - 17.8m oz. Au - with Ag, Pb, Zn (24m oz. Au Eq.)

  Camino Rojo – Goldcorp (Formerly Canplats): Recent Significant Au–Ag-Pb-Zn discovery. Ind. Au Res. 3.2m oz. - with Ag, Pb, Zn (4.5m oz. Au Eq.)

  Prolific Concepcion del Oro (CDO) and Providencia Districts.   Production Projects: Timmins Gold San Francisco Mine

Note: PP = Proven & Probable; Ind.= Indicated

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FSB: World Class Neighbours


PROJECTS IN FSB

  3rd largest landholder in Zacatecas with 125,000 hectares.   Camacho: (1,120 ha.) 43-101 report completed in Spring 2010.   Pirelli: (Approx. 112,000 ha.) prospecting identified several

Penasquito type targets, lies between Camacho and Camino Rojo.   Michelin Group (I&II): (Approx. 12,000 ha.) reconnaissance

identified 9 Zones Ag – Au in Rhyolite Dome complexes. Primary target.

  All FSM 100% Owned.

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FSB PROJECT LOCATIONS

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Major Crustal Breaks


CAMACHO

•  1120 ha. total, Approx. 200 Km north of the city of Zacatecas . •  Proximal to regional and secondary roads. •  Near the Town of Estacion Camacho (Electricity, Railway) •  Mineralization in the region associated w/ high magnetic (intrusions). •  Kinross owns the adjacent El Valle Property •  Most of the surrounding properties owned by Penoles. •  FSM Owned 100%

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  2010-11 Program Objectives •  Evaluate potential of the main target for bulk tonnage (open pit)

mineralization and / or underground potential. •  Assess the potential of the rest of the property (through mapping,

prospecting and soil geochem survey).


CAMACHO (NORTE & SUR): Model & Targets

  Main Target Types: •  Extension of high grade Au-Ag veins / Shear Hosted at Camacho North (old mine area).

•  Sediment Hosted (Caracol) at both the Camacho North and La Leona targets.

  Secondary Target Types: •  Skarn Cu-Au/ Replacement/ Manto (blanket shaped orebody) in Carbonate Formation.

•  Intrusive Porphyry Cu-Au possible.

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La Leona (Camacho Sur)

Camacho Norte

  Similar Setting to Camacho North but possibly higher level in sediment.

  Caracol Sediment Hosted Significant Gold (+ZN & Pb).

  Mostly reddish-brown sandstone, weakly to strong FeOx (Iron Oxide): MnOx (Manganese Oxide), calcite and oxide pyrite 1% in veinlets.


La Leona

Camacho (Norte)

CAMACHO LOCATION MAP

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CAMACHO PHASE I 2010 PROGRAM

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Kinross Drill Program: Sep 2010

Kinross Drill Program: Sep 2010

Camacho property


CAMACHO PHASE I 2010/2011

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  Phase I Results •  Budget $200K U.S. •  $1.1 Mill. U.S. spent – ($108,500 from Jan. to Mar. 2011) •  2,974.50m drilled (DD). •  8 holes drilled between 250 – 460m approx. •  Assays for all holes completed in Jan. 2011. •  Results determined 2011 Phase II program

  Phase I Field Program: •  Q2; Permitting/Prospecting/ Mapping, Soil Geochem./ Drill Program Design. •  Q3: Diamond Drilling (DD) Initiated August 29, 2010 – 2900 meters in 8 holes. •  Q4: Results Interpretation and Planning of next phase. •  Budget - $200K U.S.


POZP Prof.Total (m) Target Area From Up m Au (ppm)

MX10D001 459.0 Camacho North 46.6 66.7 20.1 0.31

152.4 157 4.6 1.32

293.35 294.8 1.4 6.23

(incl. 23.8 / 0.15m)

341.7 352.25 10.6 0.525

369.3 373 3.7 6.33

(incl. 9.3 / 2.2m)

34.3 274.5 240.2 *---

MX10D002 400.5 Camacho North 12 77.9 65.9 0.191

77.9 79.15 1.3 8.12

12 231.3 219.3 *---

MX10D003 450.0 La Leona 115 116 1.0 7.81

349.2 364 14.8 0.404

390.2 421.95 31.8 0.135

MX10D004 351.0 La Leona 161.2 185 23.8 0.267

MX10D005 339.0 La Leona 61.5 93 31.5 0.158

194.7 295.5 100.8 0.463

MX10D006 240.0 Camacho North (Trend East) --- --- --- No interest results

MX10D007 336.0 Camacho North --- --- --- No interest results

MX10D008 399.0 La Leona 51.7 52.35 0.6 14.26

(incl. 35.92 / 0.25m)

95.15 153.3 58.2 0.129

2,974.5 Note: 1 ppm = 1g

• MX10D001 – Cu .11% • MX10D002 – Cu .19%

HIGHLIGHTS 2010 Phase I Drilling

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CAMACHO 2011 Phase II

  Phase II Field Program: •  Early 2011- Integrated Interpretation of Aeromag, soils & geochem surveys, geology & Phase1

results. •  Expand exploration area to generate new targets in neighbouring Pirelli. •  Follow-up drilling: 2000m of RC in 10 holes •  Budget: $300K U.S.

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  Phase II Results: •  Completed integrated interpretation including: airborne magnetic survey; soil sampling;

completed geochemical survey and additional geology. •  Follow-up drilling: 2000m of RC in 10 holes completed. •  Phase II Assay results pending Q1, 2012.

Camacho: $1,953,500 (US$) Approx.

KINROSS GOLD CORPORATION EXPENDITURES to Nov. 2011 (In former option agreement)


PIRELLI PROPERTY: Nuevo Mercurio

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  112,000 ha. approx. 50km SW of Penasquito (24m oz. Au eq.).

  Along a Parallel NW-SE Trend / Intersections w/ NE-SW lineaments

  Underlain by Cretaceous Sediment (Caracol Fm), mostly covered; thin soil and ‘Caliche’.

  Adjacent to Goldcorp’s recently acquired Camino Rojo Project (4.5m oz. Au eq.) from Canplats Res.

  Presence of Au-Ag Mineralization at the NW (Camacho and other occurrences).

  FSM 100% owned

Model:   Penasquito Type(int-breccia-sed hosted Au-Ag-ZN-Pb deposit)


PIRELLI Phase I 2010/2011

  Phase I Field Program: •  Q2: Geological mapping (prospecting). •  Q3: Contract Signed with AEROQUEST, •  Q4: Airborne interpretation, target definition, soil geochem survey. •  Budget: $200K U.S

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  Phase I Results (To March 2011): •  $320K U.S. spent ($76K U.S. from Jan. to Mar. 2011) By Kinross in earlier option agreement. •  AEROMAG Survey completed mid November 2010 over 112,000 hectares (110 sq. km. approx.) •  Final results – rec’d early Feb. 2011. •  Results to determine 2011 program.


PIRELLI Phase II 2011/2012

  Phase II Field Program: •  Integrate Aeromag info. & magnetic anomolies. •  Complete soil sample program along main structural trends. •  Complete property wide prospecting & surface sampling. •  Integrate soil geochem & airborne results to generate new drill targets. •  RC drilling sched. in late Q3 – Q4. •  Budget: $300K U.S.

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  Phase II Results: •  Second soil sample program between previous lines completed. •  Geophysical survey, including Induced polarization (IP) analysis, gravimetrics (advanced

environmental water sampling) at Nuevo Mercurio and Pames areas completed. •  Conducted and secured environmental survey and Semarnat permits. •  Completed 853 m in 5 RC holes just south of Nuevo Mercurio by early Nov. 2011(1000m

scheduled).

KINROSS EXPENDITURES to Nov. 2011 (In former option agreement)

(US$) Approx. Pirelli: $830,000

Total Kinross Gold Corp. Expenditures to 2011 (in former option agreement):

$2,783,500


AREA 1

AREA 2

AREA 3

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MICHELLIN Property

Silver Standard Claims

  Approximately 12,000 ha. – Michellin I and II (III)

  North, South and West of Silver Standard’s Valenciana Claims.

  Grassroots exploration.   Drilling in the area, no results available.   Phase I objectives: permitting, mapping

and sampling.   Budget: $200K CAD.   FSM 100% Owned.


GOLCONDA – LISTING PROJECT

  Golconda Property – Minera Coplau – Dr. Peter Megaw – 6410 ha. in SW Sonora Mexico.

  Low Sulphidation, gold-rich, epithermal vein system.

  Small Scale, High Grade historic mining.   Drill Ready.   Current NI43-101   Option to Purchase 100% signed Jan 2011.

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GOLCONDA PROPERTY

  On western boundary of the Sierra Madre epithermal gold-silver belt, one of the largest such belts in the world.

  Structure is epithermal high-grade auriferous quartz fissure vein. Vein width between 1.2 and 2.2m along the 1,400 meters of the outcrop.

  Goldcorp’s $2B El Sauzal mine 120 miles east.

  Panamerican Silver’s (Minera Corner Bay) 12.4 m/t Alamo Dorado mine about 30 km to NE and visible from the project area.

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  Prospects •  Golconda structure is strong,

persistent, and mineralized. •  Potential for lateral and vertical

extensions makes it a good exploration target.

•  Project is drill ready.

  Proposed Activity 2011/ 2012 •  15 Hole – 2000m DD Program. •  Vein Mapping and Sampling •  Recon. Mapping •  Stream Sediment Sampling •  Budget: $400K CAD Phase I.


Dr. Peter Megaw C.P.G.

  Ph.D. in geology from the University of Arizona.

  Certified Professional Geologist by American Institute of Professional Geologists - Arizona Registered Geo.

  27 yrs. relevant experience focused on Ag –Au exploration in Mexico.

  Instrumental in a number of discoveries in Mexico: Excellon Resources' Platosa Mine; MAG Silver's Juanicipio, Batopilas and Santa Eulalia Properties.

  Author of numerous scientific publications on ore deposits.

  Frequent keynote speaker at academic and international exploration conferences.

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Dr. Megaw (left) and Reg Advocaat at Nuevo Mercurio in Mexico, 2009


For further information contact:

Reg Advocaat, President +1 778 945 2139 [email protected] www.fortunatesunmining.com

fortunate sun mining presentations feb 2012

Business

director of canaccord

director of candente

president of fortunate

gold production

director scott young

director gary nordin

mining company

mineral exploration