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Mano River Resources Inc.

July 2004. Mano River Resources Inc. STRATEGY. Gold and Diamonds in the Mano River Union countries of West Africa. New Exploration Company. Biggest Risk Factor? Failure to make discoveries Area Selection critical. N. 200km. Archaean Geology. Burkina Faso. Mali. Guinea. Sierra

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Mano River Resources Inc.

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  1. July 2004 Mano River Resources Inc.

  2. STRATEGY Gold and Diamonds in the Mano River Union countries of West Africa

  3. New Exploration Company • Biggest Risk Factor? • Failure to make discoveries • Area Selection critical

  4. N 200km Archaean Geology Burkina Faso Mali Guinea Sierra Leone Ivory Coast Atlantic Ocean Liberia Legend Birimian Archaean Craton

  5. Overview • 25,000km2 land package • Diamond-bearing kimberlite pipes • JVs - BHP, Golden Star, Trans Hex • ± 1M ounce gold resource • US$4.4M raised Dec 2003

  6. Corporate Profile • TSX-V (MNO) / LSE (AIM: MANA) • 210M shares: 40% Institutions, 15% Management • NoBro & NomAd (AIM) - Seymour Pierce

  7. Personnel Board Guy PAS Chairman (Financier - Switzerland) Anthony RHATIGAN Vice Chairman (Financier - Ireland) Tom ELDER (Geologist - UK) Malcolm BURNE (Financier - UK) Rod McKEEN (Lawyer - Canada) Jonathan CHALLIS (Geologist – UK/Canada) Officers and Consultants Tom ELDER President and CEO Guy PAS CFO Karl SMITHSON V P Exploration (Geologist - RSA) Diamonds Greg NOWAK Regional Manager (Geologist - Sierra Leone) Steven POULTON V P Corp. Development (Geologist - UK) Advisory Board Moustapha NIASSE (Former PM Senegal, UN peace negotiator, DRC) Richard TOLBERT (Finance - NY USA, Nephew to former President of Liberia) Robert NESBITT (Professor of Geology - Southampton UK)

  8. Guinea Sierra Leone Liberia N Atlantic Ocean 200km West Africa Mano River Union Sierra Leone, Liberia & Guinea

  9. West African Diamonds • Significant production, mainly by artisans • High quality stones including fancy colours • Sierra Leone ±$200/ct & Liberia ±$150/ct • Major new hard rock discoveries anticipated

  10. Koidu Pipes Weasua Pipes N 200km West African Kimberlites Mali Guinea Sierra Leone Atlantic Ocean Ivory Coast Liberia Legend Kimberlite pipe Alluvial diamonds Birimian (2,000Ma) Archaean (2,500 Ma) Tongo Dykes ~140Ma Koidu Pipes ~146Ma

  11. 153 ma 140 ma 800 ma 135 ma KimberliteDating Guinea Sierra Leone Liberia Atlantic Ocean Legend Kimberlite pipe Migration path N 200km

  12. West African Kimberlites Jurassic • Man Craton – classic granite greenstone terrain • Atlantic rifted through Mesozoic period ~200Ma • Kimberlites emplaced during rifting • Weasua pipes (Liberia) much older ~800Ma Early Cretaceous Late Cretaceous

  13. DIAMONDS Liberia 7’50 N N 6’55 N BEA KPO Monrovia 6’00 N Atlantic Ocean 6’05 N 200km 10’40 W 9’50 W 9’00 W 8’10 W

  14. N Sierra Leone Sierra Leone 30km Kpo Licence 30km Bea Licence Licence areas Kimberlite Cluster Indicator Anomalies Atlantic Ocean KPO Pipes DIAMONDS

  15. 16 14 G10 G9 12 10 8 Cr2O3 wt% 6 4 2 Eclogitic 0 0 1 2 3 4 5 6 7 8 9 10 CaO wt% KPO Pipes Garnet Chemistry DIAMONDS

  16. First KPO Pipe DIAMONDS

  17. Lofa 2.5km 0 0 0 0 0 0 0 0 0 0 0 1 10 1 21 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 2 0 0 0 1 0 1 0 0 4 0 1 0 0 0 0 0 2 1 2 0 0 5 0 0 0 0 4 1 0 1 0 0 0 2 0 3 0 2 0 1 0 0 0 5 0 3 10 0 21 4 0 7 0 0 0 0 5 0 3 1 1 4 3 13 2 2 2 0 1 0 0 0 0 13 8 1 0 14 0 23 28 4 0 0 0 100 1 1 0 6 0 0 14 0 100 34 9 0 0 0 0 0 100 0 31 78 1 0 0 42 58 0 0 10 0 3 1 3 0 6 0 8 75 1 9 50 2 0 9 2 0 8 1 1 0 0 1 0 8 0 0 0 8 1 3 0 25 0 2 0 0 0 0 10 2 21 0 1 0 0 15 0 1 1 0 0 0 0 3 0 0 0 3 0 1 0 0 0 0 0 17 0 0 0 0 0 0 3 0 0 0 16 0 0 0 0 3 0 0 0 0 1 0 0 0 1 1 0 1 0 0 50 0 0 0 1 0 0 7 2 9 1 0 1 6 0 0 0 3 0 0 0 100 4 0 5 9 0 0 0 100 0 8 1 4 100 2 11 0 0 6 0 8 0 0 0 0 5 0 0 100 0 53 0 0 3 0 0 0 0 1 0 100 0 0 0 0 1 0 0 0 0 0 0 0 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KPO Cluster DIAMONDS Several further diamond targets Area of Interest River Anomaly Diamond Pipe Diamond Target Soil survey Weasua Village Diamond bearing kimberlite pipes (1-4ha)

  18. US$2M Trans Hex JV DIAMONDS • Cluster of diamond bearing pipes • Two phase US$2M programme over 3 years for 50% • 200 km2 Licence Area

  19. KPO Mining Model DIAMONDS • Pipes up to 4ha in size = 25M tons to 300m depth • Grade 30cpht @ $150/ct • Capex $50 million • LOM – 15 years, IRR – 27%, NPV - $47M (10%)

  20. MCA DIAMONDS Liberia 7’50 N N 6’55 N BEA KPO Monrovia 6’00 N Atlantic Ocean 6’05 N 200km 10’40 W 9’50 W 9’00 W 8’10 W

  21. JV with Liberian Government DIAMONDS • JV with Ministry of Lands Mines & Energy • 15,000km2 licence / 3 years • Government 30% • Multi-commodity

  22. DIAMONDS 10’00 N N Sierra Leone 9’00 N Kono Nimini Freetown 8’00 N 100km 7’00 N 13’00 W 12’00 W 11’00 W

  23. 970ct Star of Sierra Leone Pipe 3 Pipe 2 Pipe 1 5 diamonds World’s 3rd largest gem diamond 10 diamonds 2 diamonds 5km Kono DIAMONDS N 22 diamonds • Heart of diamond field • 9Mct historic production • 94cpht dyke grade (Lion-5) • Seeking mining partner • Retain 100% marketing rights 1 diamond 2 diamonds Yengema EPL 3/98 1 diamond Koidu Lion 5 Njaiama EPL 2/98 Licence Anomaly Kimberlite pipe Kimberlite dyke River

  24. 9,700km2 DIAMONDS 10’00 N N Sierra Leone 9’00 N Kono Nimini Freetown 8’00 N 100km 7’00 N 13’00 W 12’00 W 11’00 W

  25. DIAMONDS BHPBilliton US$3.4M JV • 9,700km2 Reconnaissance Licence • South Eastern quadrant of Sierra Leone • Highly prospective, under-explored • $3.4M investment for 51% • Mano option to co-fund at 30%

  26. Diamonds - next 12 months DIAMONDS SIERRA LEONE • KONO dykes - production opportunity • BHP JV - sampling & geophysics • LIBERIA • Trans Hex JV - sampling & geophysics • New licence - target definition

  27. Exploration Summary DIAMONDS • Pioneer advantage: licences at core of diamond district • Rapid and highly encouraging results • Excellent relationships with government • New diamondiferous kimberlites anticipated…

  28. Progress: 1999-2004 DIAMONDS • Diamondiferous pipes in Liberia • Trans-Hex deal in Liberia • Diamondiferous dykes in Sierra Leone • BHPBilliton deal in Sierra Leone References: Kimberlites of the Man Craton MW Skinner*, DB Apter , C Morelli , I Tomlinson  and NK Smithson м *Rhodes University, South Africa, DeBeers, South Africa, м Mano River Resources, Canada Defining A Major Diamond Province

  29. GroundHolding Guinea Sierra Leone Liberia Atlantic Ocean N Legend 200km Mano licence area

  30. Exploration Office: 125A The Broadway Didcot, Oxfordshire, OX11 8AW United Kingdom Tel: +44 (0) 1235 810 740 Fax: +44 (0) 1235 810 733 E-mail: mano@manoriver.com Mano River Resources Inc.

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