Canada: VEM | Peru: VEM | Germany: V1RA | US: VNARF Exploring for the next discovery in Peru [e]: [email protected][w]: www.venaresources.com 130 Adelaide Street West, Suite 1010 Toronto, Ontario, Canada M5H 3P5 +1 416 364 7739 Av. Jose Pardo # 601, Of. 1301 Miraflores, Lima, Peru +511 202 4090
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This presentation contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential exploration results, resources and reserves, and the future plans and objectives of Vena Resources Inc. (“Vena”) are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from Vena’s expectations are disclosed elsewhere in documents that are available to the public at www.sedar.com.
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Vena is a Canadian mining company focused on the exploration and development of Peru’s mineral potential
Cash flow from mining operations funds core exploration investment - leveraging an accomplished technical team
Proven project generator model with several world class JV partnerships and expanding
Vena at a Glance Corporate Objective and Market Facts
Board of Directors Extensive Mining, Capital Markets and Local Knowledge
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Juan Vegarra, Chairman, CEO & Founder - Juan Vegarra is a native of Peru and continues to foster his significant base of contacts within both the Peruvian government and the mining industry. Prior to his appointment as Chairman and CEO of Vena Resources in 2003, Mr. Vegarra enjoyed a successful career as a Microsoft executive. He was the founder of the Company and manages the overall corporate strategy and direction. He holds an engineering bachelor degree from the University of Maryland as well as an MBA from the University of Washington. Dr. Klaus Zeitler – Klaus Zeitler has been involved in the mining industry for over 30 years. Dr. Zeitler was a managing director of Metallgesellschaft AG, a German metals conglomerate and in 1986 founded and was a director and CEO of Metall Mining, later Inmet, a TSX listed company with assets of over $4 billion and base metal and gold mines in different parts of the world. After having been a director of Teck and Cominco for many years, Dr. Zeitler joined Teck in 1997 as Senior Vice President and had responsibilities for the exploration and development of mines in Peru, Mexico and the USA. Since his retirement in 2002 from Teck Cominco and in addition to being President, CEO and a director of Amerigo Resources Ltd., Dr. Zeitler is also Chairman and a director of Candente Copper Corp., a TSX listed company, and of Rio Alto Mining Limited, a TSX Venture Exchange listed company. He has been actively involved as a director in various junior base and precious metal companies. Dr. Zeitler is a member of the Canadian Institute of Mining and Metallurgy and the Prospectors and Developers Association. Dr. Zeitler holds a PhD in economic planning. Miguel Grau M., LLB - Miguel Grau resides in Peru and has been instrumental in the negotiation and implementation of several internationally viable resource projects, including the Shell-Mobil Camisea Natural Gas project and the Antamina mining project. Mr. Grau was a Director of Antamina until 2005 and chairman of Minera Milpo 1999 through 2002, one of the largest Peruvian zinc producers. He is also a member of the board of TSX listed mining companies like Bear Creek Mining and formerly Peru Copper until sold to Chinalco, and is related in Peru to companies such as Rio TInto, Xstrata, among others.
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Board of Directors – continued Extensive Mining, Capital Markets and Local Knowledge
Jose Roberto Romaña Letts - Jose Roberto Romaña Letts, a native of Peru has a long history and strong ties in the mining sector of Peru. His most recent position in the mining industry was as a senior executive for Volcan, one of Peru’s largest mining companies. Mr. de Romaña has a degree in Management and Finance from St. Edward’s University in Austin, Texas and has attended numerous courses and seminars locally in Peru. Mr. de Romaña is also a director of a number of successful Peruvian companies involved in a variety of industries, including health, distribution and a manufacturer of equipment for the mining, agriculture and fishing activities. John Clarke – John Clarke has been Vice President, Business Development with CGX Energy Inc., a TSXV listed exploration company. Prior to joining CGX, Mr. Clarke was Executive Vice President, Corporate as well as being a director and one of the original founders of Candax Energy Inc., a TSX listed E&P company. Mr. Clarke has over 35 years international experience in the energy sector and a broad capital markets background, including eight years as a Vice President and Senior Oil & Gas Analyst with Deutsche Bank and Octagon Capital Corporation, where he was ranked top North American Oil & Gas Analyst in 2003 and 2004 by Forbes/Starmine. Mr. Clarke has a Bachelor of Science in Physics from Birmingham University, Birmingham, UK and a Masters in Science from Imperial College, London, UK as well as a Bachelor of Arts in English from the University of Calgary. André Gauthier – André Gauthier has over 33 years of experience in the mining exploration. He is currently President of Lara Exploration Ltd. and a Director of the Peruvian Mining Society, President of the Foreign Investment Committee and Director of the SARCC and a founding member and Director of the Canada Peru Chamber of Commerce. Mr. Gauthier commenced his career with SOQUEM in 1977 and from 1978 to 1982 was an Exploration Geologist with Falconbridge Ltd., Exploration Manager with Noramco, from 1989 to 2005 was the International Exploration Manager of Cambior Inc. with a focus on the Andes and most recently was the President of Inca Pacific Resources Inc. until October 31, 2011. He has a Masters Degree in Mineral Exploration and is an active member of many mining and professional organizations.
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Management Team Solid Team with Strong Mining Experience
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David Bent, General Manager, Peru and Vice President, Exploration – David Bent has over 30 years of mining experience and extensive knowledge of exploration for base metals, precious metals and uranium in over a dozen countries. Prior to joining Vena Resources, Mr. Bent was Vice President of Exploration for UNOR Inc. where he was responsible for the uranium exploration program in the Arctic. Mr. Bent worked for many years with Noranda where he held numerous senior positions. At Noranda, Mr. Bent played an integral role in the Real de Angeles (Ag-Zn) discovery which was at one time the second largest Ag producer in the world and the Antamina (Cu-Zn) mine which is expanding from 70,000 tpd to 120,000 tpd with reserves of over 822 million tonnes. He also held senior positions with Newmont Mining and Normany Mining in Peru. Mr. Bent earned his B.Sc. in Geology from Acadia University. He is a member of the Association of Professional Geoscientists of Nova Scotia. Andres Tinajero, CMA, MBA, Vice President, Finance and Chief Financial Officer - Mr. Tinajero has over 15 years of business experience, having supported a broad range of industries, including mining, not for profit, manufacturing and retail; establishing a strong accounting and business skill set, transitioning into the public sector serving in leadership roles for small and medium sized companies in extractive industries. During this same period, he has served as CFO of a number of start-ups and medium sized Public companies across Canada. Currently he serves as Director for Lakeside Minerals. He holds degrees in Business Administration and an MBA, and is also a Member of the Canadian Institute of Certified Management Accountants, and currently enrolled in the Director's Program through the University of Toronto. Silvia Dedios, Vice President, Corporate Development – Mrs. Dedios has over 20 years of finance, administration and business experience. Prior to joining Vena Resources, Mrs. Dedios was a senior manager in companies related to the mining, production and commerce industries in Peru. Mrs. Dedios holds an MBA in business administration and advanced degrees in Finance.
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Miguel Sanchez, Technical Manager – Mr. Sanchez has over 10 years of mining experience in base and precious metals with a focus on the design and operation of underground and open pit mines, including Vena’s former Azulcocha zinc mine. Prior to joining Vena, Mr. Sanchez was involved in the development of a number of mining projects in Peru on behalf of Atacocha Mining, Southern Copper, Buenaventura and Pan American Silver in senior positions of responsibility. Mr. Sanchez is a Mining Engineer with a degree from Pontificia Universidad Catolica del Peru. Matthew Husson, Corporate Secretary - Mr. Husson is a lawyer practicing corporate and securities law with a focus on the mining industry. He is currently an associate at Irwin Lowy LLP and a member of the Law Society of Upper Canada. He has experience representing mining issuers in public offerings, private placements, mergers and acquisitions, stock exchange listings and he provides advice relating to continuous disclosure and other regulatory compliance obligations. Mr. Husson obtained a Bachelor of Laws from the University of Alberta and an Honours Bachelor of Arts (Political Science) from McMaster University. Charlotte May, Senior Marketing Manager - Ms. May has over 20 years experience gained in the institutional broker industry and the resource sectors. Ms. May provides consulting services to a number of junior resource companies in the areas of marketing, corporate secretarial and public company administration.
Management Team Solid Team with Strong Mining Experience
Esquilache – Ag/Au – Signed US$30mm LOI Historical High Grade Silver Mine
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1,000 ha located in the central zone of a large caldera only 28 km from Chucapaca (7.6 million oz. Au equivalent)
Historical silver mine that produced 400 tpd from 1950 through 1962 by Hochschild and until 1973 by informal miners
Numerous un-mined or partially mined veins in southern zone with adit access
Two drill programs and 43-101 completed
Esquilache – Ag/Au Historical Silver Mine
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Work to date (2009 to 2012) (total ~$1.5 million) 2,378 surface geochemical samples 431 underground samples 31 surface DDH holes (5,710 metres)
Exploration work focused on areas with little previous mining
Only ~60% of the South zone has been tested by wide spaced (200 metres x 200 metres) surface geochemical sampling which leaves a majority of the total project untested
Sampling has shown economic silver veins are ready for mining close to portal entrances
Significant drill results (true width) include: 977.0 g/t Ag + 4.88 g/t Au over 2.0 metres 506.0 g/t Ag over 5.0 metres 254.5 g/t Ag over 2.0 metres 348.4 g/t Ag + 1.93 g/t Au over 2.8 metres 320.9 g/t Ag + 0.95 g/t Au over 2.0 metres
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Esquilache – Ag/Au Historical Silver Mine
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Esquilache – Ag/Au Idealized Section of the San Antonio Caldera
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Esquilache – Ag/Au Structures and Intrusives
South Zone: Mamacocha Target
North Zone: Creston Target
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Esquilache – Ag/Au North Zone – Creston Target – Potential Sepulveda Pit
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>11 Oz/t Ag 8-11 Oz/t Ag
<8 Oz/t Ag
<8 Oz/t Ag
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Esquilache – Ag/Au North Zone – Creston Target – Potential Sepulveda Pit
Sepulveda Vein
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Mamacocha Vein
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Esquilache – Ag/Au South Zone – Mamacocha Target – Potential Elvira/Ivet Pit
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ESH-30-2011 Ivet/Elvira Vein 188.15-191.10 metres 2 metres at 0.11g/t Au, 254.50g/t Ag
Ag g/t
ESH-24-2011 Ivet/Elvira Vein 102.00-124.00 metres 22 metres at 1.93g/t Au, 348.36g/t Ag
PUCARA PROJECT - NON COMPLIANT POTENTIAL RESOURCES
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US$1 million lead order in future Vena private placement Optionee retains right to participate in future Vena placements
US$13 million dedicated to exploration of three projects US$9 million for Esquilache drilling and underground resource definition US$2 million for Pucara drilling and mine preparation US$2 million to advance eight exploration targets on Amantina Virgen de Chapi being priority target due to its proximity and geology
Optionee earns 65% of projects after monies have been invested
Minimum of US$16 million for mining preparation, scalable mill and infrastructure investment (tailings pond, electrical substation, roads, camps etc.) Design mill and infrastructure for 2,000 tpd operation Begin implementation of 350 tpd operation to fast track permits Optionee earns 10% more of projects once production commences
Reinvest operational cash flow to increase resource throughout three projects Toll milling potential is significant given lack of mills in 200 km radius Any ore from Pucara can be trucked to Esquilache’s future mill
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Esquilache, Pucara and Amantina LOI US$30 million Letter of Intent – funded to production
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Azulcocha East – Significant Zinc Potential Exploration Asset 5 km from 500 tpd Azulcocha Mill
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DDH No. From (m) To (m) Length (m) Zn % Mn %86.45 89 2.55 4.25 6.69