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Mine South America: Focus on Colombia June 17, 2010
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Mine South America: Focus on Colombia June 17, 2010

Jan 05, 2016

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Miriam Santiago

Mine South America: Focus on Colombia June 17, 2010. Forward Looking Statement. - PowerPoint PPT Presentation
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Page 1: Mine South America: Focus on Colombia June 17, 2010

Mine South America: Focus on Colombia

June 17, 2010

Page 2: Mine South America: Focus on Colombia June 17, 2010

Forward Looking Statement

The statements made in this presentation may contain forward-looking statements that involve risks and uncertainties, which may prevent expected

future results from being achieved. Forward- looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe",

"anticipate", "expect", "estimate", "project", "will be", "will continue", "will likely result" or similar words or phrases. Forward-looking statements involve risks and

uncertainties, which may cause actual results to differ materially from the forward-looking statements.

All dollar figures are in US dollars unless otherwise indicated.

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Page 3: Mine South America: Focus on Colombia June 17, 2010

Overview

Experienced management and geologic team 200 years of expertise with over 20 different companies Discovery experience from both majors and juniors Extensive experience in Latin America

Focus on two significant gold projects : Advanced Stage Exploration Company Immediate Opportunity:

San Simon Project, Bolivia, NI 43-101

Continuing Opportunity: Fredonia - Marmato Area, Colombia

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Page 4: Mine South America: Focus on Colombia June 17, 2010

Gold is setting up for the perfect storm

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Page 5: Mine South America: Focus on Colombia June 17, 2010

Business Plan: Timing the Point of Sale

EEL Sale of Asset

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Page 6: Mine South America: Focus on Colombia June 17, 2010

Management Team and DirectorsHans Rasmussen, President, COO, Director: Newmont, Rio Tinto/Kennecott, juniors

Paul Zdebiak, VP Corporate Development, Director: Commodities, markets, company building.

Dr. Odin Christensen, Director, QP: Newmont Chief Geologist, Director

Carl B. Hansen, Director: CEO Atacama Pacific Gold Corp; Ex-President andCEO Andina; also INCO, TVX Gold, Kinross

Dr. Thomas Henricksen, Director: Bear Creek, Rio Tinto/Kennecott, juniors.

Bill Jung, Chief Financial Officer: TSX-Venture companies, entrepreneur

Sean Sullivan: Consultant, Finance and Corporate Development

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Page 7: Mine South America: Focus on Colombia June 17, 2010

Share Structure

Symbol: TSX Venture: EELFrankfurt: EAT

Shares Outstanding: 50.5 MillionOptions: 2.5 Million

Warrants: 11.3 Million

Fully Diluted: 64.4 Million

Share Price (as of June 1, 2010): $0.40

52-week High/Low: $0.75/$0.35

Market Capitalization: $20.2 Million

Debt:

Institutional Shareholders:

$0.00

Sprott Asset Management

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Page 8: Mine South America: Focus on Colombia June 17, 2010

Why Colombia?

Least explored of the mineral rich Andes Cordillera Modern infrastructure & skilled workforce Pro-mining government, promoting rapid growth Major mining companies have presence or are

reviewing acquisitions In 2010, rated 7th best mining jurisdiction by Behre

Dolbear, an improvement over 2009 Longest running democracy in S. America, 150+ years

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Page 9: Mine South America: Focus on Colombia June 17, 2010

Productive Porphyry Gold Terranes Worldwide

Whistler, Alaska5 Moz (Kennecott)

Lindero, Argentina2 Moz (Mansfield)

Penasquito, Zacatecas17 Moz Au (Kennecott, Western Silver, Glamis, Goldcorp)

Bingham Canyon, Utah50+ Moz (Kennecott)

Grasberg, Indonesia70+ Moz (Rio Tinto)

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Page 10: Mine South America: Focus on Colombia June 17, 2010

Prolific Gold Belts of Colombia

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Eaglecrest Focus:Fredonia, etc.

Eaglecrest Focus:Fredonia, etc.

Greystar Ventana Gold

Galway

Greystar Ventana Gold

Galway

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Page 11: Mine South America: Focus on Colombia June 17, 2010

Marmato District: 500 Years of Production

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Page 12: Mine South America: Focus on Colombia June 17, 2010

Target

Level of Erosion 1km

2-20 million ounces gold is possible

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Page 13: Mine South America: Focus on Colombia June 17, 2010

Lindero 3D Block Model – 100% Mansfield Minerals

8

2

1

9

7

10

4

35

PMP

MVZ

P2

PA

3900

3400

82

1

710

4

3

5

Potential for 25Mt of 1.15g/t Au,0.14% Cu resource

Low grade P2: 84Mt of 0.4g/t Au, 0.1% Cu

PVZ

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Page 14: Mine South America: Focus on Colombia June 17, 2010

Fredonia-Quebradona Regional Geology

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Fredonia AreaEaglecrest/Bullet

Quebradona AreaB2Gold/AngloGold

Quebradona Drilling: >2M ounces gold51%:49% B2Gold:AngloGold Ashanti

43 holes total, 13,300m total

3 target areas tested

La Mama Zone returned best results:700m x 400m area Au-mineralized

Hole 24: 380m of 1.1g/t Au, including 80m of 2.02 g/t Au.

Hole 20: 129m of 1.0g/t Au,Hole 22: 80m of 1.0g/t Au,Hole 23: 59m of 1.66 g/t Au,Hole 25: 368m of 0.67 g/t Au,

including 78m of 1.1g/t Au.La Mama Zone

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Gold Districts, Fredonia Area

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La Mina:

Trenching: 135m 0.89 g/t Au, 0.21% Cu Drilling (6 holes total):Hole 2: 94m of 1.12g/t AuHole 4: 52m of 0.43g/t AuHole 5: 88m of 1.296g/t Au

Reserves of 5Mt at 7-10g/t gold

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Propylitically-altered porphyry up to 0.36 g/t

Au. East-west fault zone 7% Zn, 58g/t Au

Page 16: Mine South America: Focus on Colombia June 17, 2010

Bolivia Mining Operations

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Coeur D’Alene Mines: produced 2.1M oz Ag in Q1-09 at San Bartolome; $240 M invested

Pan American Silver: operates San Vicente silver mine since 2005, doubling production; $72 M invested

Jindal Steel and Power Limited: committed $2.1 Billion to mine 50% Mutun Iron Deposit

Sumitomo: operates the San Cristobal zinc-silver mine’s 70,000 tpd open pit mine

Orvana Minerals: Don Mario Gold Mine; cash cost $350/oz Au. $5M net per quarter

Inti Raymi (formerly Newmont): Operates Korri Chaca mine

Lithium: Bolivia’s resources largest in world

At least 10 foreign mining operators are currently active

Page 17: Mine South America: Focus on Colombia June 17, 2010

San Simon – Summary – Resource Potential

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Page 18: Mine South America: Focus on Colombia June 17, 2010

Investment Proposition

$6.0 M to fund 2010 Exploration Program to bring Flagship Bolivian project to the point of sale to reward investors to continue growth and expansion of our Colombian resource base for

future profit and growth

Turn San Simon Project, Bolivia into market ready asset:

NI43-101 Gold Resource at Doña Amelia - contracted SRK ConsultingDrilling (20,000 metres) on Paititi-Buriti TrendIn-house resource, followed by 43-101 resource at Paititi

Work Program Fredonia Area Project, Colombia:

Airmag, sampling, mapping through Q3 2010Target selectionDrilling (2,000 metres) Q4 2010

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Page 19: Mine South America: Focus on Colombia June 17, 2010

Valuations

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20- Year Historical Market Valuations should be $120 based on today’s gold price

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Page 20: Mine South America: Focus on Colombia June 17, 2010

For more information, please contact:

Eaglecrest ExplorationPaul Zdebiak, VP Corporate DevelopmentT: + 1 604 687 7272E: [email protected]

CHF Investor RelationsJeanny So, Director of Operations

T: + 1 416 868 1079E: [email protected]

www.eaglecrestexplorations.com

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