An Emerging Gold Producer
February 2009
1
DISCLAIMER
Certain statements in this document may constitute “forward-looking” statements
involving known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Hidalgo Mining
International Inc., or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such forward
looking statements. These statements reflect management’s current expectations
regarding future events and operating performance and speak only as of the date
of this document. These forward-looking statements involve a number of risks and
uncertainties.
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HIDALGO MINING INTERNATIONAL
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Public vehicle being used to roll-in premium gold (Au) properties
Mission  create an international mining company focused on becoming a
medium sized gold producer (80,640 oz in year 1; 107,520 oz in year 2)
50/50 joint venture agreement with Castle Peak Mining Ltd. on advanced
properties located in Ghana, Africa
Over $2.5 M in recent exploration
Confirmation of high grade placer deposits on each of the Castle Peak concessions
– Grades consistently ranging from 1 to 8+ g of Au per yard
– High probable areas for quick gold recovery of over 1 million oz of gold (Non NI 43-101
compliant)
– A total potential reserve of 20 million ounces of gold is highly probable given the
established gold mining region and the results obtained to date (non NI 43-101
Compliant)
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Near term Production (WD – Bonsaso)  revenues of more than $25 M and $33
M in year 1 and 2 respectively
Highly experienced management team
– Have chosen only the highest quality mineral projects that have real prospects of
ultimate economic development
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HEADQUARTERS AND SOIL SAMPLES
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MINING IN GHANA
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Ghana’s mining industry
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Over 1000 years of mining history
Experienced explosive growth from the late
1980’s
Today is Africa’s 2nd largest gold producer
One of the world’s most prolific gold belts
Current production at 90 M ounces of Au
Current resource of 78 M ounces of Au
Over $1.5 billion in mining investments in the
last few years
Favorable mining laws
Politically stable, safe and peaceful
Hundreds of local and foreign companies
Well trained, locally available workforce
Top 5 economic performers and best places to
do business in Africa
The major gold producers
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Gold Fields Ghana
AngloGold Ashanti
Golden Star Resources
Redback Mining
Newmont Ghana Gold
Over 300 small-scale mining groups
90 mine support service companies
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HIGHLY DEVELOPED REGION
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NKWANTA PROSPECTING LICENSE
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33.55 km2 area located in the Wassa-West District of the western region of the Republic of Ghana
Southeast of Kanyankaw mine
87.5% held by Canterbury Mining Company Ltd. (Castle Peak subsidiary)
12.5% held by Netas Mining Company Ltd. (local Ghanaian company)
Option to acquire additional 12.5% interest subject to a 2.5% NSR payable to Netas Mining
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NKWANTA ANOMALIES
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Stream sediment, soil and rock sampling and gridding have been completed
2 anomalies around the old Apankrah Mine in the centre of the concession
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Apankrah Main (AM): gold values between <0.01 parts per million (ppm) and 7.07 ppm, a strike
length of about 2 km and a width of about 350 m
Apankrah West (AW): gold values between <0.01 ppm and 0.58 ppm, a strike length of about 1.6 km
and a width of about 200 m
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APPANKRAH MAIN AND WEST
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HIGH GRADE COARSE GOLD
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WD – BONSASO PROSPECTING LICENSE
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23.54 km2 area situated in the Wassa-West
district in the western region of Ghana
southwest of Tarkwa
Borders Ghana Australian Goldfields active
mine containing 6 M proven oz of Au
90% held by Windsor Mining Company
10% held by WD Gold
Valid until March 13th, 2009
Annual commission of US $30,000 to WD
Gold payable once a drilling program
begins until the day that a final report on
the drilling program is completed
Windsor Mining is required to sell or list
the concession on an international stock
exchange within 12 months of the
completion of a successful drilling program
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WD – BONSASO ANOMALIES
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Exploration activities started in January 2008  desk study, geological mapping, stream
sediment survey and soil geochemical sampling
The results of stream sediment surveys resulted in the delineation of 3 separate anomalies:
Adieyie, Central and Bonsa
The Adeiyie and Bonsa anomalies are considered to be priority target areas
One trench included four separate mineralised intervals with grades greater than 1 g/t Au
The widest mineralised interval is 4 m in width and the highest value was 10 g/t Au
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ADIEYIE, CENTRAL & BONSA ANOMALIES
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Stream sediment anomalies
across
the
Bonsaso
concession picked out by
red dots (>200ppb)
Planned
future
work
includes soil sampling and
trenching of defined soil
anomalies
Adieyie Anomaly
Central Anomaly
Bonsa Anomaly
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WD – DOMPEM ANOMALY
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Exploration activities started January 2008
 desk study, geological mapping, stream
sediment survey and some soil geochemical
sampling
Results of the stream sediment survey
defined 1 stream sediment anomaly with a
NE-SW trend
Total of 16 stream sediment samples and
108.9 km lines cut for soil sampling
237 samples were collected out of a total of
2055 expected
Soil survey generated one strong anomaly
with a NE-SW trend
– The strike length is about 4.8 km and the
width about 900 m
– Gold values range from <1 ppb to 1,394 ppb
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MANAGEMENT
Mark D. Klok, President and CEO
 Over a decade of investment banking experience in structuring and negotiating mergers and
acquisitions, raising private equity, debt, bringing companies public and developing market
maker support
 Seasoned financial professional having ten plus years of experience with various companies
including gold mining, oil and gas, bio-technology, and real estate
 Extensive knowledge in using the OTC:BB, AIM and TSX exchanges bringing companies public
to access institutional funds through the capital markets
 Will be managing the Company's long-term growth by identifying future acquisitions and
institutional relationships as the Company enters into a roll-up and consolidation phase
William Tehan, Board Member
 Started his investment career on Wall Street with Gilford Securities between 1993 & 1996
 From 1996 to 2000 held a position as an associate in the investment banking firm of Fine
Equities working on management and administration, restructurings, and various other
banking deals
 From 2001 to 2005 has held various positions at Brean Murray and Co., a New York-based
investment bank
 In 2005, Brean Murray merged with Carret & Co. to form Brean Murray, Carret & Co. LLC.
 Promoted to managing director and, as portfolio manager, is responsible for managing part
of the firm's $3.5 billion
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MANAGEMENT
Lee Rice, Board Member
 Has been the Chief Engineer and past President of Data Technology Services, Inc. since 1990
 Designs and conducts geological and engineering studies, materials processing studies, and
environmental control studies for client firms and organizations including Anglo American
Gold, DeBeers, Citicorp, Behre Dolbear-Riverside, the Government of Taiwan, Rio Tinto and
more
 Has authored several articles in Mining Engineering magazine and was Associate Editor of
several publications
 Registered Professional Engineer and Registered Member of the Society for Mining,
Metallurgy, and Exploration, and a member in good standing of the American Association for
the Advancement of Science (AAAS), Colorado Engineering Council (CEC), Geological Society
of America (GSA), Sigma Xi Scientific Research Society, and Society of Economic Geologists
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MANAGEMENT
Robert Edwards, Security Advisor
 Has provided elite security and protection services throughout the United States and abroad
for corporate executives, dignitaries, royalty, celebrities, and other high-profile individuals
 Highly knowledgeable in threat analysis, vehicle search and security measures, riot control,
travel risk advisories and security concerns
 Experienced with the local customs of Africa, Australia, Latin America, South America, Haiti,
and Europe
 Certified Security Driver, trained in extreme defensive driving and has certified knowledge in
Bio-Terrorism, Urban Terrorism, and Anti-Terrorism
Joel Cohen, CFA, Advisory Board Member
 Has extensive experience in biotechnology & high tech financings
 Former investment banker at Canaccord Capital
 Specialized in biotechnology
 Has worked on numerous IPOs, private and public financings for various companies including
Neurochem, Adherex, Bioniche, Diagnocure, Qbiogene and Aeterna successfully raising in
excess of $100 million
 Acts as consultant for various companies both in and out of the technology sector
 Has lectured in business valuation in the MBA program at McGill University
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GHANA EXPLORATION TEAM
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USE OF PROCEEDS
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The Company is planning to raise gross proceeds of US $2.88 million as follows:
Equipment Purchases
Tractor - low bed
Dump trucks 400E
Excavator
Cat dozers (D8)
Pickup
Front end loaders (988)
100 KVA GEN
Welder GEN
Wash plant
Tractor and lowbed
Pump 8" CAT
Generator 100 duv
Welding supplies ans steel
Welding machine
500 - 8" pipe and fittings
General tools
40,000 liter tank (fuel)
Spare tires filters
3 computers (laptop)
Office equipment
Mining gear
Fuek tank
Gate
Fencing
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
60,000.00
375,000.00
160,000.00
300,000.00
37,500.00
375,000.00
67,200.00
33,600.00
200,000.00
60,000.00
50,000.00
35,000.00
25,000.00
10,000.00
25,000.00
15,000.00
10,000.00
25,000.00
1,500.00
3,000.00
10,000.00
15,000.00
300.00
40,000.00
Sub Total
$
1,933,100.00
Unusual Expenses
Shipping - USA-GHANA - land
Shipping - USA-GHANA - boat
Internet
Temp housing (trailers)
Welding supplies and steel
Sub Total
$
$
$
$
$
$
75,000.00
200,000.00
3,000.00
20,000.00
25,000.00
323,000.00
Working Capital (3 months)
1
Fuel Costs
Total Salaries
Insurance
Governmnet
Parts repairs
Oils fluids - 200 liters @ 2.50
Extra housing (150/night)
Hotels - air - food - rental
Misc
Sub Total
$
$
$
$
$
$
$
$
$
$
268,800.00
140,910.00
10,800.00
14,400.00
90,000.00
36,000.00
25,200.00
30,000.00
12,500.00
628,610.00
Total
$
2,884,710.00
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FINANCIAL PROJECTIONS
Income Statement
2009
2010
2011
2012
2013
Revenue
$
9,928,396.80
$
39,713,587.20
$
37,231,488.00
$
34,749,388.80
$
52,124,083.20
COGS
$
2,425,626.00
$
5,781,556.00
$
5,781,556.00
$
5,781,556.00
$
8,249,686.00
Gross Profit
Gross Margin
$
7,502,770.80 $
75.57%
43,874,397.20
84.17%
SG&A
$
270,800.00
Unusual Expenses
$
323,000.00
EBITDA
$
Depreciation
33,932,031.20 $
85.44%
31,449,932.00 $
84.47%
28,967,832.80 $
83.36%
$
270,800.00
$
270,800.00
$
270,800.00
$
270,800.00
6,908,970.80
$
33,661,231.20
$
31,179,132.00
$
28,697,032.80
$
43,603,597.20
$
312,220.00
$
312,220.00
$
587,320.00
$
587,320.00
$
862,420.00
Operating Income (EBIT)
$
6,596,750.80
$
33,349,011.20
$
30,591,812.00
$
28,109,712.80
$
42,741,177.20
Income Before Taxes
$
6,596,750.80
$
33,349,011.20
$
30,591,812.00
$
28,109,712.80
$
42,741,177.20
Income Tax
$
2,308,862.78
$
11,672,153.92
$
10,707,134.20
$
9,838,399.48
$
14,959,412.02
Joint Venture Participation
$
2,143,944.01
$
10,838,428.64
$
9,942,338.90
$
9,135,656.66
$
13,890,882.59
Net Income
$
2,143,944.01 $
10,838,428.64
Note: all references to currencies are in United States Dollars
$
9,942,338.90
$
9,135,656.66
$
13,890,882.59
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CONTACT
Hidalgo Mining International
P.O. Box 1527
Port Washington, NY 11050
www.hidalgominingint.com
Phone: 305-778-8360
Fax: 212-937-5282
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