Golden Valley Mines:
Exploring New Opportunities
in Sierra Leone
Staking, drilling and discovering
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• Continuous grass-roots exploration &
generative programs 12 months of the year
for precious and base metals
• Majority land ownership in over 150
properties, exposure to 3,883 claims and
diversified commodities (Au, Cu-Zn,
diamonds, Ni-Cu-PGE)
Golden Valley « moose pasture »
• 3 projects consisting of 1,413km2 in Sierra
Leone, held through wholly owned
subsidiary, Calone Mining Company (SL) Ltd.
• JV partners are used to leverage larger
projects by providing substantial funding
• Only exploration drilling leads to discoveries;
GZZ is continuously drilling!
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DESCRIPTION
EXAMPLES
IDEA
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•Identification (staking) of prospective property
•Development of geological model
EARLY STAGE EXPLORATION
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•Grassroots exploration
•Up to discovery
ADVANCED EXPLORATION
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•Evaluate discovered ore bodies for economic viability or
leverages into joint ventures
DEVELOPMENT OF PROJECT
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•Economically viable projects are transitioned into
production
MINING OPERATION
•Cash flow generated from Production
Other Junior exploration
companies
Mid-tier Juniors
Major mining companies
Major mining companies
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• Geology – Highly Prospective
(Guyana Shield); West Africa;
located in central part of Archean
West African Craton
• Under-explored, low-cost/high
potential reward proposition;
• Favourable Mining Act, updated
November 2009;
•Recent Success by Competitors
(London Mining, African Minerals,
Cluff Gold)
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Source: http://www.agapemeridian.com/Pangaea_continents.png
• West African
neighbours:
• Guinea (north)
• Liberia (south)
• 6,000,000
population
• Approx. size of
New Brunswick
(Canada)
• Mining previously
contributed
approx. 20% GDP
• Mining accounts
for approx. 90% of
all exports
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• Geology – Highly Prospective
(Guyana Shield)
• Star of Sierra Leone (969 carats)
• Under-explored, low cost / high
reward proposition;
• Favourable Mining Act; revised
November 2009
• Recent Success by Competitors
(London Mining, African
Minerals, Cluff Gold)
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• Calone Mining Company (S.L.) Ltd.
is Golden Valley’s wholly owned
subsidiary formed in 2009
Current Projects in Sierra Leone
• Three Project Areas consisting of:
• Au-VMS (Sula Mountains)
• Diamonds (Sewa and Bafi Rivers)
• Au-VMS @ Nimini Hills
• Uranium potential in broad area
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Calone’s Board of Directors
Professor Arthur T. Porter (Snr.),
M.R.S.L., M.A., Ph.D., D.H.L., D.
Litt.; retired SL academic, former Chairman
of National Diamond Mining Company Ltd
Hon. Dr Arthur T Porter, PC MD;
Board member of Air Canada, Munder
Funds, Member of Privy Council of
Canada; DG/CEO McGill University
Health Centre; Chairman of Calone
Vincent Kanu, GOOR; Chairman,
National Petroleum; former Italian
Counsul in Sierra Leone; Director of
Access Bank
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Calone’s Board of Directors (cont’d)
J. David Allen, MA MBA; Managing
Director of Calone Mining Company SL Ltd.;
international business and trade
development for GM, sourcing raw materials
Glenn J. Mullan P. Geo. (B.Sc.);
geologist/prospector, founder of GZZ and
Chairman Emeritus of Canadian Royalties
Inc.
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Au-Cu-Zn-Ag
Targets
Diamond Targets
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• Abundance of mineral
opportunities including
iron ore, bauxite,
rutile, gold, base
metals, and diamonds
• GZZ now working in
three project areas
• Initial focus are
PreCambrian
greenstone belts and
diamonds areas in
Kono district
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High grade gold, en echelon quartz veins mapped by Sierra Leone
Geological Survey (within Calone’s APL’s)
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Bafi River – Kono Area
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•GZZ/Calone have a Corporate Social
Responsibility (“CSR”) policy in place
and applies it to all Management,
employees and contractors
•Actively working with the
communities/Chiefdoms in Sierra
Leone; early engagement to identify
local priorities
•Committed to improving the social and
living conditions in our work areas:
health, education, employment, safety
•Governance, ethical business
practices, engage host communities,
sustainable development principals
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Boundary Central
Boundary East
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Management
Glenn Mullan – Chairman, President/CEO
Annie Karahissarian – CFO
Michael Rosatelli – VP Exploration
Luciana Zannella – VP Corporate and
Legal Affairs; Corporate Secretary
GZZ Board of Directors
George Cross (retired writer/journalist)
Joe Groia (Lawyer, BA, JD)
Blair Morton (Chairman/President ,
Ross Finlay 2000 Inc.)
Glenn Mullan (Geologist, B.Sc.)
The Hon. Arthur Porter (Medical
Physician)
Robert Smith (Businessman, B.Sc., MBA)
Dr. Jens Zinke (Geophysicist ,BA, B.Sc.,
MS, PhD)
Key Consultants
Auditors: Raymond Chabot Grant Thornton
Bankers; Royal Bank of Canada
Transfer Agent: Computershare Investor
Services
Legal Counsel (External): Getz Prince Wells
& Lavery de Billy
Sierra Leone: Mr. Mohamed B Mansaray
Berthan MacCaulay jnr – Local Counsel
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
Evaluate new opportunities in West Africa (primarily in
Sierra Leone; precious and base metals, and industrial
minerals opportunities)

Examine distressed opportunities

Generate new precious & base metals projects

Continue to work with local communities to identify CSR
priorities (health, education, employment, “e3”)

Maximize shareholder value by using focus assets
(Malartic CHL JV, Uranium JV's, Nickel projects and
Sierra Leone) to attract "out-of-the-box" financing ideas

Build the Sierra Leone exploration team and expand
effort; remote sensing and satellite interpretation; AEM
surveys; local mapping and verification of historical
mineral occurrences
Otish Basin Uranium prospect « Lexam Option »,
North-Central Québec
Winter exploration program Beartooth Island Uranium
Project "Ditem Option", Athabasca Basin,
Saskatchewan (2008)
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Working Capital
Price
$5.0 million
$0.26
52 Week Range
$0.07 - $0.43
Market Capitalization
$16.6 million
Shares Outstanding
63.9 million
Warrants @ $0.70
2.0 million
Options Outstanding
5.8 million
Average Daily Volume
Insider Ownership
141,000
7%
Source: stockhouse.com
As at March 4, 2010
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John Kaiser
• “… Perpetual Lottery Ticket …”
Refers to our ongoing Abitibi Exploration Program designed to continuously
drill-test promising targets
Lawrence Roulston
• “… extraordinary property portfolio … with huge upside potential …”
• “… more opportunities for exploration success than any other company …”
Refers to the quality and number of exploration properties in our portfolio (in
excess of 140 including a large variety of commodities)
Safe Harbour Statement – “All statements other than those of historical fact that are within this presentation or made by the company representatives are
"forward-looking statements" that may involve a number of unknown risks, uncertainties and other factors. 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.”
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Golden Valley Mines Ltd.
TSX-V:GZZ
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For more information contact:: Glenn J Mullan
Val-d’Or Head Office
2864, Chemin Sullivan
Val-d’Or, Québec
J9P 0P8
(819) 824-2808