COLOMBIA A MINING TREASURE TO BE DISCOVERED. COLOMBIA NORTHERN MINERS newspaper (March 3-9, 2006): “Colombia has the highest gold potential in all Latin.

COLOMBIA

A MINING TREASURE TO BE DISCOVERED

COLOMBIA

NORTHERN MINERS newspaper (March 3-9, 2006):“Colombia has the highest gold potential in all Latin America” (Private Investor).

MINING JOURNAL Article (October 26, 2007)“Majors moving in to reap Colombian rewards”

Cartagena

Medellín

Bogotá

COLOMBIA MINING Major emphasis

• Security

• Infrastructure

• Regional geology

Democratic

Legal

Fiscal

Improvement

Development

Resources knowledge

Promotion

Gold (kg)35,000

(Average in the past 5 years)

Silver (kg) 8,399

Platinum (kg) 1,438

Emeralds (1,000 cts) 5,734

Iron Ore (1,000 ton) 644

Nickel (ton) 51,151

Coal (million ton) 65,759

COLOMBIA MINING PRODUCTION 2006

Source Ministry of Mines and Energy - Colombia

Potential Prioritized Zones

Minerals

1. Nortwest of the Province of Antioquia

Copper, Gold, Molybdenum

2. River Cauca CannonGold and basic metals

3. Provinces of Nariño and Putumayo

Gold and basic metals

4. Colombian East Gold

5. San Lucas Mountain Gold

6. Santander Mountain Range

Gold

7. Provinces of Tolima and Huila

Gold and basic metals

1

2

3

4

56

7

1

2

3

4

56

7

Source Ministry of Mines and Energy - Colombia

GEOLOGICAL POTENTIAL: PRECIOUS MINERALS AND METALS

COLOMBIA MINING competitiveness

Fraser Institute Annual Survey(2006/ 2007 results)

CountryPolicy Potential

RankingMineral Potential

Ranking

Chile 27 8

México 28 20

Argentina 44 36

Perú 52 41

Colombia 55 38

Rank between 65 countries

Source: Fraser Institute Canada

Province of Antioquia

ANTIOQUIA… quick overview

Land Territory 63,600 million km2

Population 5 million

Capital : Medellin 2 million people

GDP (2006) US $12.6 billion

Main IndustriesTextiles, agro-industry,

mineral commodities

Airports1 international airport 25 municipal airports

Main mineral productionGold, silver, limestone, coal,

cooper

National UniversityMining Engineering School (services for more than 120

years)

Frontino Gold MineMore than 155 years of

operationsSource: DANE and Government of Antioquia – Mining Development Office

ANTIOQUIAN MINING INDUSTRY

• The province of Antioquia is the biggest gold producer province in Colombia.

• During the 17th century, Antioquia produced more than 40% of the gold production in the world.

• For the past 50 years, miners in the northeast of Antioquia have produced more than 17 mill. of oz of gold.

• In 2005, the gold production in the country reached 1,115,000 oz and Antioquia was responsible for more than 60 % of the country’s gold production, which was 700,000 oz.

Source: Government of Antioquia – Mining Development Office

GEOCHEMICAL GOLD BASE LINE

Source: Government of Antioquia – Mining Development Office

  2000 2001 2002 2003 2004 2005

Gold ( Ton ) 15.1 10.02 10.1 27.1 22.9 22.376

Silver ( Ton ) 4.1 4.3 4.2 6.5 5.2 4.363

Platinum (Kg) 3.04 2.3 3.34 5.31 4.68 1.39

Coal (M Ton ) 0.02 0.2255 0.1835 0.248 0.268 0.71

Clinker (cement)( Ton )

6.051.788

5.817.180

5.799.131

6.337.897

6.465.994

7.745.155

MINING PRODUCTION IN ANTIOQUIA 2000 - 2005

Source: Government of Antioquia – Mining Development Office

 YearAverage

(mts)

From 1974 to 2005

3,000 per year

2006 12,000

2007 (to present) 40,000

2008 (estimated) 60,000

LAND EXPLORATION (DRILLING)

ESTIMATED MINING RESOURCES

Mineral Resources

Gold 500 ton.

Coal 225 Mill ton

Limestone 500 Mill ton

Source: Government of Antioquia – Mining Development Office

INVESTMENT IN ANTIOQUIA FOR 2006

Source: Government of Antioquia – Mining Development Office

COLOMBIA MINING INTERNATIONAL MINING FAIR

• Medellin - Antioquia venue of the event

• Initiative from the Government of Antioquia, Asomineros Chamber and the National University and under the direction of Eng. Jorge Jaramillo (Director of Mining Development of Antioquia)

• Activities: Mining Exhibition Contact & Business Meeting Colombia Jewelry Colombian Mining Congress

• 3 years of consecutive success

• 4th version of the mining fair to be held in September 2009

•www.miningcolombia.com

Mining Show Projects 2006

  PROYECTOExtention

(ha) Mineral Location1 La Fragua 1800 Oro diseminado Urrao

2 Manizales 400 Oro en veta Manizales

3 La Morena   Oro en veta Salento - Quindio

4 Dabaibe 700 Oro en veta Choco

5 San Pablo 150 Oro en veta Andes

6 El Socorro 900 Oro en veta Frontino

7 El Porvenir 163 Oro en veta Frontino

8 La Cristalina 980  Oro en veta Segovia

9 Caucasia 14764 Oro en aluvión Caucasia

10 La Palanca 1172 Oro en aluvión Caucasia

11 Inversiones Bebarama 807 Oro en aluvión Choco

12 Atrato y Choco 2062 Oro en aluvión Choco

14 Mina Rica 3882 Oro en aluvión Choco

15 Río Quinto 1923 Oro en aluvión Choco

16 Río Pata 300 Esmeraldas Cundinamarca

17 Pauna 300 Esmeraldas Cundinamarca

  PROYECTOExtention

(ha) Mineral Location18 La Holanda 25 Feldespato Caqueta

19 Carbones La Florida 178 Carbones Hispania

20 Las Mercedes 111 Carbones Venecia

21 Carbones Catatumbo 5126 Carbones Catatumbo

22 La Gloria 150 Porfido aurífero Buritica

23 La Meliza 6500 Oro en veta Anori

24 Yunyunal 971 Oro en veta Segovia

25 Los Pizones 1743 Oro en veta El Bagre

26 La Constancia 300 Oro en veta Anori

27 La Gran Colombia 800 Oro en veta Remedios

28 La Mata 150 Oro en veta Girardota

29 Los Angeles 1083 Oro en veta Anori

30 El Pino 1975 Oro en brecha Maceo

31 La Mariana 832 Oro en veta Sur de Bolivar

32 La Esperanza 1100 Oro en veta Puerto Berrio

33 El Verde 86 Oro en veta Mallama - Nariño

34 Barbascalito 1998 Oro en veta Segovia

35 Carbones Herrán 412 Carbones Herrán - N. Santander

36 Carbones La Gabarra 4460 Carbones La Gabarra - Santander

Thank you

ANIBAL GAVIRIAANIBAL GAVIRIA

Governor of AntioquiaGovernor of Antioquia

Jorge Jaramillo Director of Mining Development

Government of [email protected] / [email protected]

Herman GarciaInternational Mining Business

Government of [email protected]