Foyson Presentation PNG December 2012

Papua New Guinea Partnering Strategy for Resource Development

PNG Mining Conference December 2012

Strategy for Creating Shareholder Value May 2012Partnering Strategy for Resource Development

PNG Mining Conference December 2012foyson...abundant harvest

Foyson has technical resources and funds committed to explore and develop resource projects in PNG, through operating companies Titan Mines & Titan Metals;

Foyson has established an excellent track record of working with and assisting local communities;

Foyson proposes to PARTNER with local communities and land owners to ensure all parties benefit from resource development;

The Directors and Shareholders of Foyson, in return, wish to achieve: - Greater security of tenure from exploration to development; - More timely granting and renewal of tenements.

PNG Resource Development



Australian Stock Exchange listed;

Focus on PNG resources;

PNG Explorer for >7 years;

Key Targets: - Amazon Bay Iron Sands - New Britain Gold/Copper - New Ireland Gold/Copper

Experienced Board and management team - project development, exploration and community relations.

Foyson Resources Limited



Foyson Tenements

Titan MetalsLimited

• EL 1642 Atui• EL 1640

• ELA 1638 Legusulum• ELA 1645 Palabong• ELA 1818 Mussau Island• ELA 1639 Tanga Island• ELA 1663 Manus Island

• EL 1628 Poi• EL 1637 Domara• EL 1625 Golden Peak

Titan MinesLimited

50% plus 50% Option 100%

• EL 1396• EL 1623• ELA 2149



To maximise the potential for value creation, Foyson will focus on exploration and resource development in the following tenements:

- Amazon Bay Iron Sands; EL 1396 - New Britain Copper/Moly; EL 1642 - New Ireland Copper; ELA 1638, 1645 - New Ireland Gold; ELA 1818, 1639

Foyson is assessing farm out opportunities for: - Poi; EL 1628 - Domara; EL 1637 - Golden Peak; EL 1625 - New Britain; EL 1640

Tenement Rationalization



PNG Project Locations

PAPUA NEW GUINEA

140o 142o 144o 146o 148o 150o 152o 154o 156o

140o 142o 144o 146o 148o 150o 152o 154o 156o

2o

4o

6o

8o

10o

12o

2o

4o

6o

8o

10o

12o

Proximity to World Class Mining ProjectsLorengau

Kavieng

Namatanai

Rabaul

Hoskins

Kimbe

Kandrian

Kieta

Alotau

Popondetta

Port Moresby

Kembra

Daru

Lae

YonkiChimbu

Goroka

Wau

Mt HagenWabagTabubil

Wewak

Vanimo

Madang

FRIEDA

OK TEDI

PORGERA RAMUYANDERRA

KAINANTU

TOLUKUMA

HIDDENVALEY

WAFI-GOLPU

SINIVIT

SOLWARA

LIHIR

SIMBERI

WOODLARK

MISIMA

KM

0 100 200

New Britain

Bougainville

New Ireland

GOLDEN PEAK

POI

AMAZON BAY

ATUINORTH NEW BRITAIN

PALABONG

TANGALEGUSULUM

MUSSAUMANUS

DOMARA



Toronto Stock Exchange listed;

Focus on Philippines resources;

Philippines Operator / Explorer for 20 years;

Operating Canatuan Gold/Copper/Zinc Mine;

Developing Balabag Gold/Silver Project;

Developing Agata Nickel Project;

Diversifying to PNG resource projects;

Strong management team - technical, environmental and community relations.

TVI Pacific Inc -Strategic Investment Partner



TVI Investment in Foyson

MainlandAmazon Bay Project New Britain New Ireland



Potentially very large Iron, Titanium and Vanadium sand deposit;

Aim to produce high purity vanadium, titanium and iron;

Iron and Titanium in solution - requires hydromet separation;

Major metallurgical program planned to determine process;

Resource to be assessed for suitability for Direct Ship Iron Ore;

Potential to be world leader in development of iron sands projects;

Strong community support established;

Drilling, metallurgy, pre feasibility in CY 2013, in accordance with EL conditions;

Detailed Feasibility Study CY 2014.

Amazon Bay Iron Sands



Amazon Bay Processing

Australia

PNG

CHINA

PHILIPPINES

AMAZON BAY

HONG KONG

BATANGAS



Follow up of exploration from 1970’s;

Geophysical and diamond drilling program completed CY 2012;

Confirmed major copper porphyry target;

102 metres of 0.13% copper and 57ppm molybdenum;

Assessment of CY 2012 program to determine follow up drilling for CY 2013;

Strong community support established.

New Britain Gold/Copper



Follow up of exploration from 1970’s;

Major copper porphyry targets on 2 ELAs on New Ireland;

Major epithermal gold targets on 2 ELAs on Massau and Tanga Islands;

MAC approvals received on all 4 ELAs;

New Ireland Gold/Copper



Foyson proposes to PARTNER with local communities and landowners, under the guidance of the local Provincial Governments;

Our proposal includes:- Cash commitment per tenement per renewal spent on providing

educational and medical supplies;- Negotiated share of project Dividends from any mine development;- Vocational training, as appropriate, to meet the requirements of

the project exploration and development, with prioritized access to employment;

- Opportunity for land owner groups to invest in all phases of project, including exploration, development, operations, services; on reasonable commercial terms;

- Commitment to post mining agri-development, as basis for long term sustainable business.

Partnering Approach



Infant Vaccination Programs;

Purchasing and delivering of pharmaceutical drugs;

Transporting medical officers to remote locations;

Water purification programs;

Water analysis of drinking water through PNG Water Board;

Distribution of HIV Education and Awareness Material;

Distribution of mosquito nets;

Production of National HIV Education DVD’s;

Installation of Condom Vending Machines;

Grille prevention and eradication programs.

Current Land Owner Assistance Activities



Current Land Owner Assistance Activities



Educa*on Current Education Activities



AWARDED PHILIPPINES’ “BEST OF THE BEST” – ENVIRONMENT AND SAFETYMultiple, prestigious awards during the 2012 Presidential Mineral Industry Environmental Awards:

- Winner – Presidential Mineral Industry Environment Award – Platinum

- Winner – Safest Surface Mining operation - Winner – Safest Mineral Processing – Concentrator Category

Past awards include:

- Titanium Award for Excellence in Environmental Management (2011, 2010)

- Safest Mining Operation (2011)

- Safest Surface Mining Operation (2011)

- Safest Mineral Processing, Concentrator Category (2011, 2010)

- Mining Forest Awards, Metallic Category (2010)

- Health and Safety Award (2010)

Our Partner - TVI Pacific



Phase 1: Four Quadrants of Community Development- Infrastructure: Built or improved 85 kilometres of roads, including 4 bridges and

a spillway; water and electrical systems- Health & Sanitation: Clinic, Health Care for wide area, all impact communities- Responsive Education: Built 6 schools – 2500 students; Teachers, equipment,

scholarships; Successful high school and college grads- Sustainable Livelihood: Training & Apprenticeship, Microfinance

Phase 2: Transition to Enterprise Development- Financed Fishing Vessels for Community fishing business- Supported Women’s Sardine Canning Cooperative- Farms & Nurseries: training and employment- Company planning Agro-forestry partnership with community for

post-mine period

TVI - Leader in Sustainable Community Development



TVI - Leader in Environmental Management

Biodiversity50% of mining area remains in original habitat condition

Watershed ManagementMore than 30 locations subject to daily, weekly and quarterly water quality monitoring

Reclamation and RehabilitationMore than 300,000 trees have been planted since 2004 covering 144 hectares

Tailings ManagementFour tailings storage facilities constructed with three undergoing reclamation

Monitoring ProgramsMonitoring by third-party professionals completed on weekly, quarterly and annual basis

Research ProgramsOnsite research and studiesfor passive wetland acid mine treatment using indigenous plants

Tailings Management

Four tailings storage facilities constructed with three undergoing reclamation

Monitoring Programs

Monitoring by third-party professionals completed on weekly, quarterly and annual basis

Research Programs

Onsite research and studies for passive wetland acid mine treatment using indigenous plants

Biodiversity

50% of mining area remains in original habitat condition

Watershed Management

More than 30 locations subject to daily, weekly and quarterly water quality monitoring

Reclamation and Rehabilitation

More than 300,000 trees have been planted since 2004 covering 144 hectares (356 acres) within and outside MPSA

Tailings Management

Four tailings storage facilities constructed with three undergoing reclamation

Monitoring Programs

Monitoring by third-party professionals completed on weekly, quarterly and annual basis

Research Programs

Onsite research and studies for passive wetland acid mine treatment using indigenous plants

Biodiversity

50% of mining area remains in original habitat condition

Watershed Management

More than 30 locations subject to daily, weekly and quarterly water quality monitoring

Reclamation and Rehabilitation

More than 300,000 trees have been planted since 2004 covering 144 hectares (356 acres) within and outside MPSA





Foyson proposes to PARTNER with local communities and land owners, Provincial & national Governments, by providing project participation, to ensure all parties benefit from resource development;

The Directors and Shareholders of Foyson, in return, wish to achieve: - Greater security of tenure from exploration to development; - More timely granting and renewal of tenements.

Summary

Foyson Presentation PNG December 2012

Documents

png resource developmentfoyson

shareholder value

new ireland copper ela

anddevelop resource

new ireland gold ela

new britain coppermoly

new britain goldcopperfollow

value creation