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Kingsrose Mining Limited WAY LINGGO GOLD MINING PROJECT Lampung Province, Sumatra Indonesia March 2009


Shareholder Value OBJECTIVE  “Aggressively develop into a significant high grade gold producer based  on in‐house expertise in underground mining and exploration.”

APPROACH “Acquisition of production and near production high grade gold projects  evaluated as having excellent exploration upside.”

PROJECTS Way Linggo, Sumatra Comet Vale Joint Venture, Kalgoorlie


Board of Directors Mr John Morris

Executive Chairman

Mr Bill Phillips

Director, Mining

Dr Mike Andrews

Director, Geology

Mr Dennis Franks

Director, Finance

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Operational Management PT Natarang Mining Dr Mike Andrews

Operations Director

– Geologist  – 30 years exploration experience – 21 years based in Indonesia

Bill Phillips – – – –

Director of Mining

Underground mining contractor 40 years experience underground mining & mine establishment Contractor to Indonesian government mining company  Managing Co‐o mine in Philippines

Ir Herryansyah

President Director

– Geologist – 25 years exploration experience – Responsibilities include permitting & national affairs

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Capital Structure Issued Share Capital Exchange

ASX (KRM)                           

Share Register Mix:

61.37% Local,  38.63% Overseas

Ordinary Shares    (fully paid)

118,250,020

Largest S’holder: (35.9%)

Icon Enterprises Ltd* 

Unlisted Options

5,500,000 @ 25c  (exp. 31.12.2012) 

Share Trade Range:   (prior 14 mths)

7c – 44c

1,000,000 @ 10c (exp. 04.12.2013)

Current Market Cap:   ~A$26 M Cash on Hand:

~A$2,000,000 (12/03/09) 

2,250,000 @ 14c (exp. 16.02.2014) Listed Options

38,525,010 @ 20c  (exp. 31.12.2012)

Convertible Notes  (unlisted)

11,000,000 * Directors & original investors

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Way Linggo Gold Mining Project •

Construction of 70,000 tonnes per annum underground gold  mine complete and  mine development continuing, (Expansion to 140,000 tonne per annum planned)

400 tonnes per day Merrill‐Crowe processing plant to be constructed; key lead  equipment items purchased & in country

Feasibility study to 100,000 tpa completed and Government approvals for  construction obtained

Mineral rights held under 4th Generation Contract of Work

Commissioning 4th Quarter 2009

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PT Natarang Mining Corporate Details •

PT Natarang Mining  (“PT NM”) – Indonesian PMA (foreign ownership  approved) company

Natarang Offshore Pty Ltd (“NOPL”) – Australian holding company – Owns 85% of shares of PT NM

Ir. Herryansyah – 15% of shares of  PT NM

Kingsrose Mining Limited "KRM"

Australia

100% MM Gold Propriety Limited "MMG"

Australia

100% Natarang Offshore Propriety Limited "NOPL"

Australia

85% PT Natarang Mining Indonesian PMA Company "PT NM" 15%

Ir. Herryansyah

"Indonesian Partner"

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Mineral Rights •

Contract of Work  (“COW”) granted to PT Natarang Mining approved  by Indonesian Parliament and signed by President   – “Lex Specialis”

COW defines rights and obligations of PT Natarang Mining in terms of  – Sole rights to explore for, exploit, process and market gold and other metals from  contract area – Taxation, royalty and reporting requirements – Duty free importation of equipment and capital items – Employment and training of Indonesian nationals and Promotion of national  interest – Land access – Regional cooperation on infrastructure requirements – Local business development

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Project Location - Southern Sumatra, Indonesia

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Project Access - Lampung Province, Sumatra

Contract Area 10,540 hectares 10


Way Linggo Sumatra Gold Project

Way Linggo Minesite Location 11


Way Linggo Sumatra Gold Project

3D Image of Way Linggo of Area showing subsurface extent of North Vein, showing subsurface of North topography and drillhole traces.  12


Way Linggo ROM Pad Area

Mine services area, showing headframe, winder, compressor and generator house and workshop 13


Way Linggo General Site Layout

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Way Linggo Mine

Aerial Photo Showing Incline

1020 m Level Portal

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Exposure of North Vein 1065 m Level

Mine Manager, Yulianto and Chief Geologist, Harto indicate contacts of North Vein. 3.55 m @ 54 g Au/t, 194 g Ag/t (uncut) 16


Way Linggo North Vein Textures

North Vein Brecciated Vein High Au Grade  200 – 300 g Au/t

North Vein High Grade Ag Sulphide Concentration  17,800 g Ag/t 17


Way Linggo Sumatra Gold Project •

Exposure of 6 metre wide North  Vein in surface trench

Gold and silver occur in  epithermal quartz vein hosted  in intrusive dacite

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Way Linggo Sumatra Gold Project DRILLING AND TRENCHING – Total of 11,283 metres diamond core drilling – 112 drillholes to 150 metres maximum  vertical extent – 11 trenches from surface – Halfcore assayed for Au, Ag, Cu, Pb, Zn  – Full quality control programme • Standards • Inter laboratory tests – 20 metre spaced drill sections

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Snowdens Resource Estimate 2008 Deposit North Vein

Hangingwall Split and Central Vein Zone

Classification Tonnes

Au g/t

Ag g/t

AuEq g/t

AuEq oz

Measured

334,000

11.38

172

14.24

153,000

Indicated

93,000

7.06

118

9.03

27,000

Inferred

127,000

4.92

83

6.30

25,700

Sub-total

554,000

9.17

143

11.55

205,700

Measured

-

Indicated

75,000

5.26

69

6.41

15,500

Inferred

40,000

4.24

46

5.01

6,400

Sub-total

115,000

4.91

61

5.93

21,900

Total

669,000

-

8.44

-

129

10.59

227,600

• Resource compliant with JORC Code 2004

• Gold equivalent (AuEq) assumes 1 g/t Au is equivalent to 60 g/t Ag • Classified Mineral Resource is based on 2.5 g/t Au Eq cut‐off grade .

The Mineral Resource statement has been reviewed by Mrs. Christine Standing of Snowden Mining Industry Consultants. Mrs Standing is a member of The Australasian Institute of Mining and Metallurgy and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mrs. Standing consents to the inclusion in this presentation of the matters based on the information in the form and context in which is appears.

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Way Linggo Project Geology Site Geology • • •

Mineralisation as high grade epithermal quartz  veins Low sulphidation Host rocks dacite intrusion and andesite volcanics

North Vein – Near vertical, average width 4.7 metres – Resource 554,000 tonnes @ 9.18 g/t Au,  142 g/t Ag (2.5 g/t Au Eq cut off)

Other Vein Occurrences – Southern Extension – Central Vein Zone – Panca’s Vein – Harto’s Vein (New) – South Vein Zone (New)

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Way Linggo Mine Development Projection of :• 1020 m Level • North Vein on 1020 m Level • Incline • Main Haulage Drive • Cross Cut for Alimak Raise • Sill Drift Development

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Way Linggo Mine Development 1020 m Sill Drift Face Sampling  (South) Weighted average of face channel sampling between 10088 N and 10190 N :102 m (strike length) @ 24.3 g Au/t, 383 g Ag/t (Resource Model Predicted grades 18.3 g Au/t 297 g Ag/t)

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Merrill-Crowe Process Plant Design

Design for High Silver Content               Capacity for   +/‐ 400 tpd

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Key Plant Items Purchased

Two Ball Mills

Conveyors

Coarse  Ore Bin

Apron Feeder

Vibrating Screen

Crushers 

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WAY LINGGO PROJECT Exploration Prospectivity PROSPECTS AT ALL STAGES OF EXPLORATION Minesite Exploration Brown Fields Exploration Regional Potential

Prospect Locations

• Way Linggo • Semung Kecil

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Way Linggo Sumatra Gold Project

• •

3D Image of Way Linggo Area showing subsurface extent of North Vein, topography and drillhole traces North Vein is open down plunge to north and at depth

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WAY LINGGO PROJECT Mine Site Exploration NORTH  VEIN • Open at depth on all Sections, (Deepest intersection only 160 m below  surface)

• Open to North of 10370 N  • Central Vein Zone to South

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Way Linggo High Grade Shoots

North Vein Long Section Viewed to the North East Gold grades colour coded  (Yellow >20 g/t, Red 15‐20 g/t, purple (10‐15 g/t) green 4‐10 g/t) 29


Minesite Exploration Potential

Original Pajingo ‐ 370,000 oz Au      @  8 – 9 g Au/t Vera Nancy               ‐ 2,900,000 oz Au  @  13.5 g Au/t Longsection of Vera Nancy Deposit, Queensland. Illustrating the common form of occurrence of epithermal mineralisation in multiple pods along strike of structures 30


Minesite Exploration Potential

Extent of drilled resource at Way Linggo superimposed on Vera Nancy Longsection Illustrates potential for multiple shoots along strike.   31


Way Linggo Soil Anomalies

Soil geochemistry indicates extensive anomaly in Central Vein Zone

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Way Linggo Gold in Rock Sampling

Occurrence of mineralised epithermal rock float in Central Vein Zone, South Vein Zone and Harto’s Vein Zone are recent discoveries in preparation for drilling 33


CSAMT Geophysical Anomalies

10160 N

10300  N Anomalies parallel to North Vein (outline shown) possibly parallel veins.

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EXPLORATION POTENTIAL ( MINE SITE ) • North Vein open at depth and along strike to North. Deepest  drilling only to 150m below surface. Every drillhole into North  Vein has high grade intercept. • Very high grade silver hydrothermal breccia intersected in  deepest drillhole.   (2m @ 2335 g/t Ag, 1.64 g/t Au) • Strong CSAMT resistivity target parallel to ore body 200 m to east • Southern Extension and Central Vein Zone geochemical target  with limited drilling (Soil samples up to 1.5 g/t Au)

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SEMUNG KECIL PROSPECT Soil Geochemistry Extensive gold in soil anomaly, 800 m in length Coincident Hg, As and Sb

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SEMUNG KECIL PROSPECT Gold in Rock Samples Abundant mineralised epithermal rock float in area of soil anomaly Shallow diamond holes drilled by previous operator failed to intersect quartz veins Zone of high grade float (<100 g/t Au) located to south west, source untraced as yet

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WAY LINGGO PROJECT Regional Setting Major Gold Mines and Projects In Sumatra and West Java Gold  Province • • • •

Martabe (5.9 M oz Au) Pongkor  (3.6 M oz Au) Lebong Tandai (1.4 M oz Au) Lebong Donok (1.3 M oz Au) 38


Prospective Structural Setting

Great Sumatra Fault   • Dilational Jogs and Splays • Associated with Pull Apart Basins

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Comparison Setting with Fruta Del Norte

Aurelian Resources Inc  Discovery,  March 2006,  Ecuador Resource   58,900,000 t @ 7.2 g Au/t   (13.6 M oz Au Eq) Analogous Structural Setting to PT NM  Contract  Area

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Prospective Structural Setting

Great Sumatra Fault • Dilational Jogs and Splays • Associated with Pull Apart Basins

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WAY LINGGO PROJECT Regional Exploration Gold BLEG Anomalies Bulk Leach Extractable Gold Numerous Regional Drainage Anomalies to  be followed up

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Comet Vale Joint Venture

Longsection Released by JV Partner Reed Resources Ltd Mine Operated by Kingsrose Mining  43


Comet Vale Resource Estimate December 2008  Classification

Tonnes

Au g/t

Au Ounces

Indicated

329,000

9.2

97,100

Inferred

332,000

8.0

85,500

Total

661,000

8.6

182,600

Announced by  Reed Resources 2nd December 2008

Resource compliant with JORC Code 2004

Classified Mineral Resource is based on 5 g/t Au  cut‐off grade

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Comet Vale Joint Venture Regional Exploration Potential Prospective Regional Setting

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Forward Looking Statement Some of the statements contained in this presentation are forward窶人ooking statements, such as estimates and statements that describe future plans, objectives or goals, including words to the effect that Kingsrose Mining Ltd implies a stated condition or it forecasts certain results could occur. Because forward窶人ooking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, reserves, resources, results of exploration, reclamation and other post窶芯losure costs, capital costs and mine production costs could differ materially from those currently forecast in such statements by reason of factors such as changes in general economic conditions and conditions in the financial markets, changes in demand and prices for the minerals, litigation, legislative, environmental and other judicial, regulatory, technological and operation difficulties encountered in connection with mining activities, labour relations matters, cost and changing foreign exchange rates. This list is not exhaustive of the factors that may affect any of forward窶人ooking statements. These and other factors should be considered carefully and readers should not place undue reliance on Kingrose Mining Ltd statements.

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Competent Person Statement The information in this presentation that relates to exploration results, mineral resources and ore reserves is based on information compiled by Michael Andrews BSc(Hons) PhD, who is a Fellow of the Australasian Institute of Mining and Metallurgy, and a Director of Kingsrose Mining Ltd. Dr Andrews has sufficient experience which is relevant to the styles of mineralization and types of deposits and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Andrews consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

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Way Linggo Gold Project Update  

Update on Kingsrose Mining's Way Linggo gold project in Indonesia.

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