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An Emerging Gold ProducerAn Emerging Gold ProducerFebruary 2009February 2009

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DISCLAIMERDISCLAIMER

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 INTERNATIONALHIDALGO MINING INTERNATIONAL

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 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 established gold mining region and the results obtained to date (non NI 43-101 Compliant)Compliant)

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 Have chosen only the highest quality mineral projects that have real prospects of

ultimate economic developmentultimate economic development

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HEADQUARTERS AND SOIL SAMPLESHEADQUARTERS AND SOIL SAMPLES

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MINING IN GHANAMINING IN GHANA

Ghana’s mining industry – 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 Top 5 economic performers and best places to

do business in Africado business in Africa The major gold producers

– 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 REGIONHIGHLY DEVELOPED REGION

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NKWANTA PROSPECTING LICENSENKWANTA PROSPECTING LICENSE

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 ANOMALIESNKWANTA ANOMALIES

Stream sediment, soil and rock sampling and gridding have been completed 2 anomalies around the old Apankrah Mine in the centre of the concession

– 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 WESTAPPANKRAH MAIN AND WEST

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HIGH GRADE COARSE GOLDHIGH GRADE COARSE GOLD

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WD – BONSASO PROSPECTING LICENSEWD – BONSASO PROSPECTING LICENSE

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 ANOMALIESWD – BONSASO ANOMALIES

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 ADIEYIE, CENTRAL & BONSA ANOMALIESANOMALIES 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

Central Anomaly

Bonsa Anomaly

Adieyie Anomaly

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WD – DOMPEM ANOMALYWD – DOMPEM ANOMALY

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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MANAGEMENTMANAGEMENT

Mark D. Klok, Mark D. Klok, President and CEOPresident 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, William Tehan, Board MemberBoard 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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MANAGEMENTMANAGEMENT

Lee Rice, Lee Rice, Board MemberBoard 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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MANAGEMENTMANAGEMENT

Robert Edwards, Robert Edwards, Security AdvisorSecurity 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, Joel Cohen, CFA, Advisory Board MemberCFA, 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 TEAMGHANA EXPLORATION TEAM

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USE OF PROCEEDSUSE OF PROCEEDS

The Company is planning to raise gross proceeds of US $2.88 million as follows:

Equipment PurchasesTractor - low bed 60,000.00$ Dump trucks 400E 375,000.00$ Excavator 160,000.00$ Cat dozers (D8) 300,000.00$ Pickup 37,500.00$ Front end loaders (988) 375,000.00$ 100 KVA GEN 67,200.00$ Welder GEN 33,600.00$ Wash plant 200,000.00$ Tractor and lowbed 60,000.00$ Pump 8" CAT 50,000.00$ Generator 100 duv 35,000.00$ Welding supplies ans steel 25,000.00$ Welding machine 10,000.00$ 500 - 8" pipe and fittings 25,000.00$ General tools 15,000.00$ 40,000 liter tank (fuel) 10,000.00$ Spare tires filters 25,000.00$ 3 computers (laptop) 1,500.00$ Office equipment 3,000.00$ Mining gear 10,000.00$ Fuek tank 15,000.00$ Gate 300.00$ Fencing 40,000.00$

Sub Total 1,933,100.00$

Unusual ExpensesShipping - USA-GHANA - land 75,000.00$ Shipping - USA-GHANA - boat 200,000.00$ Internet 3,000.00$ Temp housing (trailers) 20,000.00$ Welding supplies and steel 25,000.00$

Sub Total 323,000.00$

Working Capital (3 months)Fuel Costs1 268,800.00$ Total Salaries 140,910.00$ Insurance 10,800.00$ Governmnet 14,400.00$ Parts repairs 90,000.00$ Oils fluids - 200 liters @ 2.50 36,000.00$ Extra housing (150/night) 25,200.00$ Hotels - air - food - rental 30,000.00$ Misc 12,500.00$

Sub Total 628,610.00$

Total 2,884,710.00$

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FINANCIAL PROJECTIONSFINANCIAL PROJECTIONS

Note: all references to currencies are in United States Dollars

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 7,502,770.80$ 33,932,031.20$ 31,449,932.00$ 28,967,832.80$ 43,874,397.20$ Gross Margin 75.57% 85.44% 84.47% 83.36% 84.17%

SG&A 270,800.00$ 270,800.00$ 270,800.00$ 270,800.00$ 270,800.00$

Unusual Expenses 323,000.00$

EBITDA 6,908,970.80$ 33,661,231.20$ 31,179,132.00$ 28,697,032.80$ 43,603,597.20$

Depreciation 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$ 9,942,338.90$ 9,135,656.66$ 13,890,882.59$

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CONTACTCONTACT

Hidalgo Mining InternationalHidalgo Mining InternationalP.O. Box 1527

Port Washington, NY 11050

www.hidalgominingint.com

Phone: 305-778-8360Fax: 212-937-5282