Project 81 Patented Lands Timmins Area Northern Ontario Canada August 5, 2011 1 www.ringoffireresources.com
FORWARD-LOOKING STATEMENT Certain statements t t contained in this presentation ti that t are forward-looking in nature are based on the current beliefs and assumptions of the Company s management. When used in this presentation, ti the words "may,"" "could," " "should," " "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict," and similar expressions and their variants may be used to identify forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes. 2 www.ringoffireresources.com
SHARE CAPITAL Listings: TSX.V: ROF (Toronto) (Frankfurt) (US) Common Shares: 125,575,699 Warrants ($0.085-0.25): 52,880,854 Stock Options: 8,242,000 Fully Diluted: 186,698,553 Recent Share Price: $0.145 Market Capitalization: $18.2 million 52 Week High - Low: $0.23-0.075 *as of February 20 th, 2012 Potential Capital Inflows: Warrants $ 8.28 million Weighted Average Exercise Price $ 0.16 Options $ 0.95 million Weighted Average Exercise Price $ 0.11 Total $ 9.23 million 3 www.ringoffireresources.com
MANAGEMENT TEAM The Company s management team is comprised of business and technical professionals with over 150 years of collective experience in the mineral exploration and development business in Canada and internationally: Management Board of Directors Advisory Board H. Vance White H. Vance White Mac Watson Chairman, President, and CEO Chairman Advisory Board Member Randy Singh P. Geo (ON), P. Eng (ON) Exploration Manager Walter Brooks VP-Corporate Development Mike Newbury, P. Eng (ON) NI 43-101 Qualified Person Gaetan Chabot, C.A. CFO Walter Brooks Director Mike Newbury Director Birks Bovaird Director Jacob McKinnon Director Richard Nemis Director Gord McKinnon Director Rejean Gosselin Advisory Board Member Malcolm Finlay Advisory Board Member 4 www.ringoffireresources.com
NEW ACQUISITION PROJECT 81 Ring of Fire Resources ( ROF ) has acquired a 100% ownership of 60, 692 hectares (149,909 acres) of patented land 30 kilometres north of Timmins, Ontario ( Project 81 ) that had been held since 1923 by AbitibiBowater, a major timber, pulp and paper company plus an additional 11,526 +/- hectares (28,469 +/- acres) of recently staked mineral claims in Bradburn and Calder Twps ROF recently acquired Project 81 for its attractive historical gold potential of approximately 1,700m strike length and nickel intercepts over 1,265 (440m) identified by INCO (now Valé) in the 1960 s and by McIntyre-Porcupine Mines in 1973. Exploration replacement cost would be in excess of $20-25 million for work completed to date The world-famous Timmins mining district boasts significant industrial infrastructure and is host to 49 present and past-producing mines including Xtrata s Kidd Creek mine and smelting facility ROF represents the opportunity to take part in major discoveries in one of the world s most established mining districts 5 www.ringoffireresources.com
PROPERTY ACQUISITION TERMS ROF has acquired a 100% title and interest in surface, mineral and timber rights to Project 81 Event Payment Terms Amount Timeline Due Diligence Period Cash Deposit $ 250,000000 Paid Signing g Final Purchase and Sale Agreement Shares 3,000,000 Issued Cash $3,250,000 000 Paid Cash $1,500,000 180 days from signing Cash $1,500,000 365 days from signing Total $6,500,000 AbitibiBowater retains a 5% net smelter return royalty ROF has the right to buy back up to 2.25% for $2.5 million per 1% at any time 6 www.ringoffireresources.com
FRANCO-NEVADA PARTNERSHIP PROJECT 81 ROF has partnered with Franco-Nevada on Project 81 Franco-Nevada (FNV-TSX/NYSE) has assisted in financing the acquisition of Project 81 by purchasing a $2,000,000, three-year, 5% convertible debenture - convertible into shares at $0.20 Franco-Nevada has acquired from ROF for $500,000: ROF s right to purchase 2.25% NSR pursuant to its agreement with AbiBow ROF s first right of refusal (FROR) to purchase the remainder of the 2.75% NSR retained by AbiBow, should AbiBow elect to sell this interest at anytime Franco-Nevada has also agreed to backstop an additional payment of $1,500,000 due in 180 or 365 days under similar conditions. This partnership represents a strong endorsement of the mineral development potential of Project 81 7 www.ringoffireresources.com
THE PROJECT 81 OPPORTUNITY Gold - Distinct gold discoveries in 3 of 14 townships 1.7 km potential strike length Timmins mining camp has produced 60,000,000 oz gold over its history Historical results include: 35.66 m of 3.08 g/t gold 7.62 m of 4.386 g/t gold 39.62 m of 2.321 g/t gold 48.77 m of 1.94 g/t gold Target for 2.5mm+ oz gold discovery Nickel - Distinct nickel discoveries in 6 of 14 townships - Historical results include 1,265 feet grading 0.36% nickel - 5.5 km potential strike length - Discovery is geologically very similar to Royal Nickel s Dumont project Target for 1 to 2+ billion tonne nickel discovery Joint Venture - Opportunity for mineral exploration JV on non-core portions of land package - Opportunity for timber JV partner; preliminary timber valuation estimated at $18.47 million ($0.15/share) - Potential real estate value across 149,995 acres Multiple joint venture development opportunities 8 www.ringoffireresources.com
LOCATION MAP SHOWING ROF PATENTED, STAKED AND ACQUIRED LANDS Total Land 72,218 hectares 178,381 acres Kingsmill Nickel Zone Block A 69,840 hectares Lucas Gold Zone 172,505 acres Block B 2,378 hectares 5,876 acres Productive Forestlands 49,263 hectares 121,732 acres 9 www.ringoffireresources.com
PROJECT 81 PRIMARY NICKEL DISCOVERY GENERALIZED GEOLOGY MAP Pi Primary Nickel Target Area * All historical data is non-ni 43-101 compliant 10 www.ringoffireresources.com
PROJECT 81 PRIMARY NICKEL DISCOVERY TOTAL MAGNETIC INTENSITY OVER KINGSMILL TARGET Kingsmill Township Historic Inco drilling Ring of Fire drilling *All historical data is non-ni 43-101 compliant 11 www.ringoffireresources.com
PROJECT 81 PRIMARY NICKEL DISCOVERY TOTAL MAGNETIC INTENSITY OVER KINGSMILL TARGET 1 st VERTICAL DERIVATIVE Kingsmill Township 12 www.ringoffireresources.com
PROJECT 81 PRIMARY NICKEL DISCOVERY PRELIMINARY GEOLOGICAL INTERPRETATION Kingsmill Township *All historical data is non-ni 43-101 compliant 13 www.ringoffireresources.com
PROJECT 81 PRIMARY NICKEL DISCOVERY PRELIMINARY GEOLOGICAL INTERPRETATION Kingsmill Township 14 www.ringoffireresources.com
PROJECT 81 PRIMARY NICKEL DISCOVERY HISTORICAL GEOPHYSICAL MAP Kingsmill Township 15 www.ringoffireresources.com
PROJECT 81 PRIMARY NICKEL DISCOVERY NEW GEOPHYSICAL MAP Kingsmill Township 16 www.ringoffireresources.com
ROYAL NICKEL S DUMONT DEPOSIT GEOLOGY AND MAGNETICS MAP 17 www.ringoffireresources.com
PROJECT 81 PRIMARY NICKEL DISCOVERY HISTORICAL ASSAY RESULTS Potential Nickel in Kingsmill Twp based on Historical Drilling Potential Strike Length 5,500500 Meters Potential Depth 400 Meters Potential Width 400 Meters Primary N ickel Discove ery Other Nickel Discoverie es Township Hole # Mineralized Zone Mineralized Grade (ft) Intercept (ft) (% Ni) Kingsmill 27090 92 to 1508.5 1,265 0.36% Kingsmill 25064 570 to 1194 624 0.28% Kingsmill 27098 280.00 to 340.00 60 0.21% Kingsmill 27082 989.0 to 1044.0 55 0.23% Aubin 31903 135.0 to 434.0 299 0.23% Aubin 31901 190.0 to 673.0 418 0.24% Nesbitt 25027 391.0 to 855.0 379 0.23% Nesbitt 27083 780.0 to 1634.0 535 0.28% Dargavel 25014-96.5 0.27% Dargavel And - 49.5 0.32% Dargavel And - 416.5 0.21% *All historical data is non-ni 43-101 compliant 18 www.ringoffireresources.com
NICKEL COMPARABLES Owner & Project Project Location Resource Market Capitalization (millions) Implied Project Value (millions) First Point Minerals Corp.-Cliffs Natural Resources (Decar - 25% interest) British Columbia, Canada High tonnage resource Bulk Nickel/Iron Alloy Weighted Average Nickel in Alloy: 0.13% Ni $59 $236 Royal Nickel Corp. Quebec, Canada M&I - 1,159M tonnes @ 0.27% Ni (Dumont) Inf. - 581M tonnes @ 0.25% Ni $55 $55 Hard Creek Nickel Corp. (Turnagan) Biti British hcolumbia, M&I - 695M tonnes @ 0.22% Ni Canada Inf. 511M tonnes @ 0.20% Ni $13 $13 Ring of Fire Resources Inc. Ontario, Canada Target Potential 1 to 2+ billion tonnes @ 0.28% Ni $17 $17 19 www.ringoffireresources.com
PROJECT 81 PRIMARY GOLD DISCOVERY HISTORICAL DRILL LOCATIONS & GEOPHYSICAL MAP Lucas Township *All historical data is non-ni 43-101 compliant 20 www.ringoffireresources.com
PROJECT 81 GOLD DISCOVERIES HISTORICAL MAG Lucas Twp 21 www.ringoffireresources.com
PROJECT 81 GOLD DISCOVERIES NEW HI RESOLUTION MAG Lucas Twp 22 www.ringoffireresources.com
PROJECT 81 GOLD DISCOVERIES NEW HI RESOLUTION MAG CLOSE UP Lucas Twp Drill holes from programs in 1960 s, 70 s, and 80 s 23 www.ringoffireresources.com
PROJECT 81 GOLD DISCOVERIES HISTORICAL ASSAY RESULTS Lucas Twp Potential Gold in Lucas Twp based on Historical Drilling Potential Strike Length 1700 Meters Potential Depth 275 Meters Potential Width 75-150 Meters Township Hole Grade From To Mineralized Zone (g/t Au) (m) (m) (meters) Lucas L-80-4 2.967 94.49 131.52 37.03 incl 3.081 114.91 130.15 35.66 Prim mary Gold Disco overy incl 4.386 107.29 114.91 7.62 Lucas L-80-11 3.146 129.84 138.99 9.15 Lucas L-80-13 2.779 118.87 131.06 12.91 Lucas L-81-30 3.507 165.81 174.65 8.84 Lucas L-81-36 1.611 54.25 59.44 5.18 and 2.679 80.16 91.44 11.28 Incl 3.587 82.91 89.92 7.01 Lucas L-81-36(a) 1.944 54.86 103.63 48.77 Incl 2.321 57.91 97.54 39.62 Lucas 73-14 1.174 141.91 148.13 6.22 and 1.222 160.32 *All historical 180.69 data is non-ni 20.06 43-101 compliant 24 www.ringoffireresources.com
PROJECT 81 GOLD DISCOVERIES HISTORICAL ASSAY RESULTS Township Hole From (m) To (m) Mineralized Zone (meters) Grade (g/t Au) Dargavel 27098 86.56 86.87 0.30 8.398 and 94.64 105.34 10.70 0.458 and 125.15 128.87 3.72 0.627 Aubin 25013 59.86 67.06 7.19 0.969 *All historical data is non-ni 43-101 compliant 25 www.ringoffireresources.com
GOLD COMPARABLES Comparable Company Project Location Resource Market Capitalization (millions) Lake Shore Gold Corp. Timmins, Ontario M&I - 1.4 million oz - 7.52 g/t Au Inf. - 1.9 million oz - 5.74 g/t Au $588 Trelawney Mining and Exploration Inc. near Timmins, Ontario Inf. 4.22 million oz - 1 g/t Au $659 St. Andrew Goldfields Ltd. Timmins, Ontario M&I 2.8 million oz - 267g/tAu 2.67 Inf. 1.1 million oz - 3.7 g/t Au $169 Ring of Fire Resources Inc. near Timmins, Ontario 25,000 ozs - 3g/t Au 2.5 million oz target $17 26 www.ringoffireresources.com
TIMBER VALUATION PRODUCTIVE FORESTLANDS BLOCKS A + B Block Unmerchantable Value Merchantable Value Total (CAD$) (CAD$) (CAD$) A $9,825,086 $7,865,423 $17,690,509 B 430,909 344,990 775,898 Total $10,255,995 $8,210,413 $18,466,408 27 www.ringoffireresources.com
S&P GLOBAL TIMBER & FORESTRY INDEX 2000.00 1800.00 -ROF Acquisition of Project 81 1600.00 1400.00 1200.00 1000.00 800.00 600.00 400.00 200.00 0.00 28 www.ringoffireresources.com
HISTORIC EXPLORATION AND CURRENT WORK Summary of Known Exploration work (1961-1973): Cost Replacement Cost Airborne EM and Mag (2299 line miles) Number of Airborne Responses (831) Number of Conductors Located (273 32.9%) Number of Conductors Drilled (154 56.4%) Number of Diamond Drill Holes (210) Number of Overburden Drill Holes (325) Total Diamond Drilling g( (124,341 37,899m) Total $ 1,938,250 $12,500,000 Summary of Work 1980-2003 Cost Replacement Cost Airborne, Drilling, Analysis $2,745,575 $15,000,000 Summary of Current Work Scope Cost Data Compilation and Digitization on all available historic exploration Timber Evaluation Completed NI 43-101 Geological Report Completed Heli-Airborne Geophysical Survey (Finalized) Geophysical anomalies, grids and 535 drill holes NPV $18.47 million 6 Twps. + Lucas Twp. $67,800 $ 6,100 $22,600 $850,000 29 www.ringoffireresources.com
PROJECT 81 - WHAT WE HAVE ACCOMPLISHED DEAL TIMELINE Oct, 2010 Identify Target Property from Historical Reports Nov, 2010 Initiate Contact with AbitibiBowater expressing interest in Project 81 Feb, 2011 Mar, 2011 Submit Exploration Proposal & Sign CA with AbiBow Meeting and Presentation to AbiBow with IBK Capital July, 2011 Sign Letter of Intent t with AbiBow July, 2011 Aug, 2011 Initiated Compilation & Digitization of Historical Data Complete NI 43-101 Report Dr. Ulrich Kretschmar Aug, 2011 Complete Timber Evaluation Merin Forest Management Sep, 2011 Oct, 2011 Oct, 2011 Oct, 2011 Oct, 2011 Jan, 2012 Jan, 2012 Jan, 2012 Completed Due Diligence Signed Purchase & Sale Agreement with AbiBow Signed Financing Agreement with Franco-Nevada Initiated Consultation with First Nations Wabun Tribal Council Signed Financing Agreement with IBK Capital Signed MOU with Matagami and Matachewan First Nations Commence Diamond Drilling on Kingsmill Ni Target Commence Line Cutting and IP Geophysical Survey on Lucas Au Target 30 www.ringoffireresources.com
EXPLORATION BUDGET - NEAR TERM PRIMARY NICKEL & GOLD DISCOVERIES Budget Item Scope Projected Cost Diamond Drilling of Known Mineralized Zones 5,000 meters (underway including analysis) $1,500,000 Helicopter Airborne 6,400 line kilometres 895,000 Geophysical Survey (completed) Ground Geophysical Surveys Pulse EM & IP (underway) 125,000 Data Compilation and Research (in process) 200,000 Subtotal $2,720,000 Contingency: 10% $280,000 Total $3,000,000 31 www.ringoffireresources.com
CORPORATE AND EXPLORATION BUDGET 12 MONTHS OTC PK: HWKPF Budget Item Cost Exploration (6 Month Program) $3,000,000 AbiBow Property Payment 1,500,000 000 Interest - AbiBow 70,000 Interest Franco Nevada 100,000000 Working Capital and Fees 1,117,500 Subtotal $5,787,500 500 Working Capital Surplus $212,500 Total $6,000,000 32 www.ringoffireresources.com
FOLLOW-ON 18 MONTH EXPLORATION BUDGET FOR ENTIRE PROPERTY Budget Item Scope Projected Cost Diamond Drilling 17,000 meters $5,100,000 Helicopter Airborne Geophysical Survey 3,000 line kilometres 410,000 Ground Geophysical Surveys IP, Pulse EM Management, Timmins Office and Working Capital 7 target areas 250,000 1,500,000 Subtotal $7,260,000 Contingency: ~10% $740,000 Total $8,000,000 33 www.ringoffireresources.com
DISCOVERY CURVE Share price ($) Risk Takeover Premium Project 81 purchase ROF Share Price Exploration Discovery Development Production 34 www.ringoffireresources.com
OPTIONS AND WARRANTS OUTSTANDING Options Expiry Exercise price Outstanding 23-Feb-12 $0.10 400,000 12-Apr-14 $0.10 674,000 28-May-14 $0.15 2,893,000 07-May-15 $0.10 600,000 16-Jul-15 $0.10 1,825,000 28-Feb-16 $0.10 1,750,000 30-Jan-17 $0.10 100,000 Total 8,242,000 Weighted Average Price Options: $0.11 Warrants: $0.16 Warrants Expiry Exercise price Outstanding 03-May-12 $0.20 675,000 02-Aug-12 $0.20 7,500,000 11-Aug-12 $0.20 263,888 04-Nov-12 $0.20 2,990,000 05-Jan-13 $0.25 1400000 1,400,000 05-Jan-13 $0.25 107,333 11-Apr-13 $0.15 17,647,058 11-Apr-13 $0.085 1,464,706 17-Nov-13 $0.20 2,583,342 17-Nov-13 $0.135 489,231 16-Dec-13 $0.13 31,692 16-Dec-13 $0.20 187,272 23-Dec-13 $0.20 6,709,181 23-Dec-13 $0.15 1,066,381 30-Dec-13 $0.15 727,757 30-Dec-13 $0.11 675,000 18-Jan-13 $0.15 120,000 18-Jan-13 13 $0.11 1051651 1,051,651 18-Jan-13 $0.20 307,563 3-Feb-14 $0.11 980,000 3-Feb-14 $0.15 272,726 03-May-14 $0.133 202,500 09-May-14 $0.15 4,000,000 05-Oct-14 $0.14 1,428,571 Total 52,880,854 35 www.ringoffireresources.com
CONTACT INFORMATION 2500 120 Adelaide St. W Toronto, Ontario Canada M5H 1T1 Phone: 416-214-2250 Fax: 416-367-1954 Toll Free: 1-866-214-9486 info@ringoffireresources.com ir@ringoffireresources.comcom www.ringoffireresources.com H. Vance White, President & Chief Executive Officer Walter E. Brooks, Vice President & Director Corinna de Beer, Investor Relations 36 www.ringoffireresources.com
Project 81 Smooth Rock Falls Patented Lands August 5, 2011 Porcupine Mining Division Northern Ontario Canada 37 www.ringoffireresources.com