Moneta Porcupine Mines Advanced Gold Exploration East of Timmins, Ontario August 2008 1
Forward-looking Statements This presentation contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration results, potential mineralization, future plans and objectives of the Company and mineral resources) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other risks involved in the mineral exploration industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. 2
Corporate Highlights Key Asset: The Golden Highway Project ( GHP ) Southwest Zone: 3.3M tonnes @ 6.0 g/t Au (624,500oz historical resource) Windjammer South: 2.1M tonnes @ 2.1 g/t Au (154,000oz NI 43-101 resource) 55 Zone: High grade intersections (27.75m @ 9.68 g/t) Good Address On the Destor Porcupine Fault Zone ( Destor ), within western Abitibi Greenstone Belt 70 million ounces of gold mined to date on the prolific Destor, east of Timmins Infrastructure/Support: all properties have access to highway & power Expanding NI 43-101 gold resources 3
Timmins Gold Camps 4
Regional Perspective 5
Western Abitibi Greenstone Belt: Destor Porcupine Fault Zone 6
Western Abitibi Greenstone Belt Destor Porcupine Fault Zone 70 million oz. produced along Destor from 26 mines Goldcorp is the major producer on the Destor today Active camps on Western Abitibi Greenstone Belt (Ontario) Porcupine Camp (Timmins) Golden Highway Kirkland Lake to the south Major mines include: Hollinger (19.3M oz) McIntyre (10.8M oz) Dome (15.8M oz) Pamour (8.0M oz) Juniors active along the Destor include: Lakeshore Gold, St Andrew Goldfields, Appollo Gold, Valgold, Moneta 7
East Timmins Arena Timiskaming sediments locally with banded iron formation Major faults Mines and Resources Mineralization trends D P F Z Matheson 5 PFZ DPFZ Destor-Porcupine Fault Zone PFZ Pipestone Fault Zone 7 DPFZ JONPOL MINE HWY 101 Hislop Pit/ New Kelore 8 ROSS MINE (995,832 oz @ 0.148 oz/t) HWY 11 (former Glimmer Mine, 209,926 oz @ o.173 oz/t) Open pit: mineable 0.778 Mt @ 8.91 g/t; indicated 2.356 Mt @3.27 g/t; inferred 6.26 Mt @ 4.00 g/t Underground: indicated 1.004 Mt @ 9.66 g/t; inferred 1.228 Mt @ 9.71 g/t Scoped for 1,500 tpd, final feasibility underway 0 APOLLO GOLD km 10 MONETA PORCUPINE MINES Shares issued 156.2M Capitalization C$ 93.7 M @ $0.60 52 week trading range C$ 0.40-0.89 Shares issued 98.5M Capitalization C$ 22.7 M @ $0.23 (5) BLACK FOX PROJECT 52 week trading range C$ 0.09-0.28 6 (6) SOUTHWEST ZONE Barrick 1997 historical resource 624,500 oz @ 0.174 oz/t * MICHAUD PROJECT Acrex vested at 50% on '55' and Western Zones WINDJAMMER JV acquired from Newmont, 2 zones, currently being evaluated *Meixner Report SEDAR April 21, 2005 Data taken from government and corporate sources including websites and annual reports with no guarentee for accuracy given; December 2007. Market data from January 11, 2008. ST ANDREW GOLDFIELDS Shares issued 208.5M Capitalization C$ 125.1 M @ $0.60 52 week trading range C$ 0.47-1.65 (7) HOLLOWAY MINE bought from Newmont, re-development underway, production to date 881,963 oz @ 0.162 oz/t; measured 0.728 Mt @ 7.0 g/t, indicated 3.294 Mt @7.5 g/t, inferred 1.154 Mt @ 7.3 g/t (8) HOLT-McDERMOTT MINE (Holloway No. 3 shaft) production to date 1,322,332 oz @ 0.162 oz/t, bought from Newmont (acquired from Barrick), redevelopment underway, exploration potential VALGOLD GOLDCORP form er SAS O ption BARRICK NEWMONT ONTARIO QUEBEC 8
Golden Highway Project: Overview Properties have been assembled over 20 years Covers ~ 12.5 km of the Destor and two major splays (Pipestone and Arrow) 658 claim units (~10,600 hectares) centered on Southwest Zone Located in Michaud and surrounding townships Different mineralized geological settings along the Destor: Southern Corridor: altered Timiskaming sediments Northern Corridor: Mafic volcanics 3-D digital deposit and regional models developed on over 400 drill holes on Moneta properties and 1,200 drill holes overall 9
Golden Highway Project 10
Golden Highway Project: Southwest Zone 100% owned with no underlying encumbrances or royalties Discovered by Moneta in 1987-8 Barrick drilled 78 holes in $4.5 million JV program from 1994-1997 Barrick developed historical inferred resource of 624,500 ounces 3M tonnes averaging 6 g/t with 3-4 g/t cutoff Barrick was seeking high-grade mill feed for Holt-McDermott Mill 1km of strike length based on drilling to-date Deposit is mineralized broadly to 450m depth Mineralized intersections at 1,000m Potential to extend the deposit east, west south and at depth NI 43-101 resource estimate to be completed 11
Golden Highway Project: Windjammer Joint Venture Acquired 50% interest from Newmont in November 2007 4.4 million shares issued (4.4%) with 12-month hold period Moneta is operator 22 leased claim units No underlying encumbrances or royalties Two gold zones identifed by Noranda drilling in mid-1980s Windjammer South Windjammer North Contiguous with eastern end of Golden Highway Project 12
Golden Highway Project: Windjammer South Initial NI 43-101 resource estimate (July 2008) 154,000oz (2.1M tonnes @ 2.1 g/t Au) Summer drill program near completion to expand NI 43-101 resource On strike 1 km northeast from the Southwest Zone Gold mineralization over 400m strike length Defined to 350m depth by 23 Noranda drill holes and confirmed by 3 Moneta drill holes in 2007 Single hole mineralized past 1,000m depth Potential to expand the deposit east, west, south and at depth 13
Golden Highway Project: Windjammer North On strike with Moneta mineralized zones north of the Destor Twin Creeks Zone, Last Chance Zone, and Landing Zone Gold mineralization over 400m strike length Defined by 21 Noranda drill holes Altered mafic volcanics similar to Holloway Mine 20 km away Quartz vein intercepts typical of Timmins camp Deposit is more complex than Windjammer South Potential to expand deposit in all directions & at depth 14
Golden Highway Project: Michaud Joint Venture 50/50 joint venture with Acrex Ventures Ltd. 65 claim units (~ 10% of the Golden Highway Project) 55 Zone Identified by 26 drill holes On strike west from Southwest Zone 350m mineralized strike length defined to depth of 350m Highlights from 8-hole program from 2008: 27.75m @ 9.68 g/t Potential for additional 2km mineralized corridor including Western Zone Dyment3 15
2008 Operating Program Focus on Golden Highway Project Windjammer South initial NI 43-101 resource estimate (completed) Drilling to expand mineralization and NI 43-101 resource estimates Windjammer South (in progress) Between Windjammer South and Southwest Zone (in progress) Prepare Southwest Zone for NI 43-101 resource estimate (in progress) Develop bulk tonnage deposit model Comparables: Detour Lake; Osisko Update 3D geological modeling to identify future drill targets 16
Directors and Management Rod Whyte President & Director London, United Kingdom Ian C Peres CEO & Director Toronto, Ontario Michael Coulson Director London, United Kingdom Alex Henry Director Toronto, Ontario John Larche Director Timmins, Ontario Charles Parsons Director Brinkworth, United Kingdom Rainer Skeries, PGeo Consulting Exploration Manager Timmins, Ontario Francis Yungwirth Corporate Counsel Timmins, Ontario 17
Corporate Information Stock exchange listings Xetra/Frankfurt/Berlin: MOP Share price range (52 week) 0.09 0.28 Shares outstanding 99.5 million Options outstanding 9.95 million at average price of $0.14 Warrants outstanding 1.3 million at $0.21 to December 26, 2008 Ownership by insiders 16.5 million Cash on Hand $1.7 million (June 30, 2008) 18
Corporate Contact Moneta Porcupine Mines Inc. 65 Third Avenue, Timmins, Ontario, P4N 1C2 www.monetaporcupine.com info@monetaporcupine.com Ian C Peres, CEO & Director Rod Whyte, President & Director 416.579.3040 +44.207.736.2212 Iperes@monetaporcupine.com rodwhyte@btinternet.com 19