September 2009 Investor Presentation

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September 2009 Investor Presentation. Forward-Looking Statement. - PowerPoint PPT Presentation

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<ul><li><p>September 2009Investor Presentation</p></li><li><p>Forward-Looking StatementCertain statements contained in the following presentation constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from actual results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Readers are also advised to consider such forward-looking statements while considering the risks inherent in the business of exploration. *</p></li><li><p>TSX-V: MEX</p><p>Largest Gold Producer2nd Largest Gold Producer GHANA3rd Largest Gold Producer TANZANIA Focused on gold in Ghana and Tanzania 53.5 million shares O/S Experienced Board &amp; Management We know Africa well </p><p>Company Strategy Politically stable countries History of gold mining Acceptance of mining by locals Permitting &amp; tenure laws Objective: grow our assets into multi-million oz deposits Over 100 years of combined African experience Over 90 years of combined geological African experience</p><p>*</p></li><li><p>TSX-V: MEXShares outstanding53.6 million52 week high$0.2352 week low$0.075 *Midlands vs. S&amp;P/TSX Venture Composite Index 1 Year</p><p>Chart1</p><p>0.19</p><p>0.4</p><p>0.41</p><p>Column1</p><p>Midlands Shareholders</p><p>Sheet1</p><p>Column1</p><p>Insiders19%</p><p>Institutions40%</p><p>Others41%</p><p>To resize chart data range, drag lower right corner of range.</p></li><li><p>Priority Project: Sian, GhanaSian on Ashanti Gold Belt Sian contains two previous open pit mines and a 400,000 oz resource at 2.3 g/t</p><p> 30 km NE of Newmonts Akyem 8.7+ million oz deposit</p><p> Production capital costs minimized by existing mine infrastructure</p><p> Drill results show significant exploration upside potential</p><p>Other Ghana Projects: Kwahu Praso (Ashanti Belt) Kaniago (Asankrangwa Belt)*</p></li><li><p>Gold Projects: TanzaniaTanzania: Gold &amp; DiamondsLake Victoria Goldfields: Area with over 50 million oz in gold reserves Itilima Project (43-101): gold and diamonds Lwenge/Geita Gold Project Kishapu LalagoOther properties in Tanzania: Vukene Kilindi*</p></li><li><p>Priority Project: SianHere is what we have:Sian a fully permitted past-producing open pit gold mine on the Ashanti Gold Belt in Ghana A 400,000 oz gold deposit with potential to grow to at least one million oz Existing CIL gold processing plant A renewable 30 year mining lease Completely surrounded by Newmont Mining A feasibility study done in 1995 currently being updated by EPC Engineering and Projects Company Limited (SA)</p><p>*</p></li><li><p>Aiming for a Multimillion oz DepositGhanaSian &amp; Kwahu Praso are contiguous licences 160 sq km of prime ground for gold </p><p>Current NI 43-101 Resource400,000 oz gold deposit @ 2.3 g/t800,000 oz in gold potential from preliminary drilling to be testedAnalysis of drill sections to be confirmed in next drill program</p><p>Only 10% of target areas drilled to date*</p></li><li><p>Sian Open Pit*</p></li><li><p>Sian Processing Plant*</p></li><li><p>Sian Power Is in Place*</p></li><li><p>Sian Infrastructure Is in Place*</p></li><li><p>Sian Gold ProjectSian:Potential multimillion oz deposit supported by geology, dixcove granitoids16 km strike length gold anomaly, less than 10% drilled to dateSian structures extend into contiguous Praso project (100% Midlands)14,000 metres of drilling since October 2006400,000 oz @ 2.3 g/t based on drilling to 120 mDouble digit grades below 120 mShort-Term PlanInfill drilling in the pit, expand gold deposit to at least 1 million ozScoping study followed by update/validation of feasibility study (underway)VTEM to accelerate drilling</p><p>*</p></li><li><p>Comparable CompaniesName/Symbol Countries Minerals Mkt Cap C $ M 52 wk High/Low C $ Resource oz AuShares O/S</p><p>Midlands Minerals Corporation Ghana Gold 10.2 0.23/0.075 400,00053.6 mil TSX-V: MEX Tanzania Diamonds PMI Gold Corporation Ghana Gold 14.3 0.19/0.01 (n/a)118.9 mil TSX-V: PMV Pelangio Exploration Inc. Ghana Gold 29.8 0.435/0.025 (n/a)78.4 milTSX-V: PX African Gold Group, Inc. Ghana Gold 9.2 0.64/0.03 (n/a)59.3 milTSX-V: AGG Mali Adamus Resources Limited Ghana Gold 24.1 0.325/0.26 + 1,000,00092.6 milTSX-V: ADU Australia Diamonds Tasmania AMI Resources Inc. Ghana Gold 2.5 0.085/0.01 122,00032.2 milTSX-V: AMU</p><p> Canaco Resources Inc. Tanzania Gold 2.5 0.19/0.02 (n/a)48.4 milTSX-V: CAN Mexico Diamonds Silver</p><p> *</p></li><li><p>Why We Are DifferentQuality projects and locationsNear-production past open pit gold producer Sian Ghana40% institutional investment supportPolitically stable gold producing countriesFocused on goldNo debt</p><p>*</p></li><li><p>Next Steps 2009/2010Focus on existing known drill targets to expand gold deposit to increase 400,000 oz to at least 1 million oz Up to 20,000 metres of drilling planned Sian Main Zone up to 12,000 metres Drilling of waste dumps 2,000 metres Test down plunge extensions of main lenses below 120 m Infill drilling to increase quality of resource to measured &amp; proven Test at greater depth New zones and extensions 2,000 metres Mpeyo zone and extensions 2,000 metres Kwahu Praso 2,000 metres Airbone VTEM survey to accelerate drilling for a multi-million oz deposit*</p></li><li><p>Financing Required &amp; Work PlanUp to USD $6 million Expand gold resource to at least 1 million oz Infill drilling within the pit Infill drilling on northern and southern extensions Drill at depth below 120 metres Extend northern and southern extensions*</p></li><li><p>Financing Required &amp; Work Plan Focus on known areas Shaded areas are scout test drilling areas to expand the resource At least 20% of the resource to be upgraded to measured category*</p></li><li><p>Results ExpectedIncrease the indicated resource on Sian to at least one million ozUpgrade at least 20% to measured and proven resourceComplete scoping study and update Sian feasibility studyComplete a VTEM airborne survey to accelerate drilling on Sian and Praso</p><p>*</p></li><li><p>Use of FundsPriorities Sian/PrasoSian2,000 metres drilling on waste dumps (RC)Up to 12,000 metres on Sian Main ZoneTest down plunge extensions below 120 mInfill drilling in the pit (DDH)Increase the resourceUpgrade resource to measured/provenTest at greater depth (DDH)2,000 metres new zones and extensions (RC)2,000 metres - Mpeyo zones and extensions (RC)Praso2,000 metresSian/PrasoVTEM airborne surveyApproximately 1,000 line kilometresData interpretation*</p></li><li><p>Use of Funds (USD)Ghana and TanzaniaGhanaGhana property payments$100,000Sian drilling (RC &amp; DDH) 3,250,000VTEM Sian/Praso 1,000 line km 250,000Kaniago 250,000TanzaniaSoil surveys and property maintenance 200,000CorporateWorking capital 1,000,000Contingency 450,000 Total:USD $6 million *</p></li><li><p>Use of Funds*</p><p>Chart1</p><p>0.75</p><p>0.08</p><p>0.17</p><p>Column1</p><p>Midlands Expenditures</p><p>Sheet1</p><p>Column1</p><p>Ghana: 75%75%</p><p>Tanzania: 8%8%</p><p>Corporate: 17%17%</p><p>To resize chart data range, drag lower right corner of range.</p></li><li><p>Key ManagementKim F. Harris, MA President and CEO - Founder of Midlands- Over 20 years of experience in Africa, including 12 in exploration Pierre Lalande, PGeo Senior Geologist - Chief Geologist for IAMGold Corp. from 1994 to 2001 - Previously with Watts, Griffis and McOuat Ltd. - Over 35 years of international geological experience, with extensive experience in West Africa</p><p>Paul E. Singer, CA CFO - Over 30 years experience as a CA in private practice</p><p>Isaac T. Adjovu (Geologist) Regional Exploration Manager, Ghana - Over 20 years of experience in Africa - Experience as a Consulting, Exploration, and Senior Geologist with BRGM, Ashanti, and Newmont Mining - Chief Executive of Geodita Resources Ltd. for over six years Constantine Moshy (Geologist) Exploration Manager, Tanzania - Over 30 years of experience in exploration and geology - Has worked with the Ministry of Energy and Minerals and as a Chief Field Exploration Geologist with a private company Naomi Benedikt Controller and AVP Administration - Many years of experience in management and accountancy, previously a Controller in large property management firms</p><p>EPC Engineering and Projects Company Project Manager and Operator - Broad African experience in project engineering, plant operations and project management</p><p>*</p></li><li><p>DirectorsEdward A. Harris Chair - VP and Portfolio Manager with McLean Budden Ltd. since 1990, with 34 years of experience in the financial services industryKim F. Harris, MA Vice Chair - Founder of Midlands, with over 20 years of business experience in Africa, including 12 in exploration Pierre Lalande, PGeo - Chief Geologist for IAMGold Corp. from 1994 to 2001, previously with Watts, Griffis and McOuat Ltd. - Over 35 years of international geological experience, with extensive experience in West AfricaDarryl Levitt, LLB - Of Counsel with McLeod Dixon LLP - Extensive experience with financings, mergers, and acquisitions in the mining sector - Several years experience in mining and securities law; licenced to practice in Ontario and South AfricaR. John Carruthers - Director of Industrial Business Development with Casebank Technologies Inc. from 1999 to 2004 - Former Manager with Deloitte &amp; Touche until February 1999Mark B. Keatley, MBA, MPhil, MA - CFO of Ashanti Goldfields Ltd. from 1994 to 2000 - Senior management positions in International Finance Corporation, World Bank, Ford Motor Company, UKKarl Schmed - President, Global Colour Link &amp; AssociatesNoel Nedrick - Former commercial banker with TD Bank</p><p>*</p></li><li><p>Contact InformationHead Office1210 Sheppard Avenue East, Suite 302Toronto, OntarioCanada M2K 1E3Tel: +1 416 492 6992Fax: +1 416 492 6993E-mail: info@midlandsminerals.comwww.midlandsminerals.com Accra, GhanaAviation House, Suite 203PO Box 30679, KIAAccraGhanaTel: +233 (0) 21 772 441info@midlandsminerals.com</p><p>Shinyanga, TanzaniaPO Box 1175ShinyangaTanzaniainfo@midlandsminerals.com </p><p>Sian, Ghana; April 2007*</p><p>**The "Lake Victoria Goldfield" (LVGF) in Tanzania has become the third largest gold producing area of Africa, surpassed only by the Witwatersrand and Tarkwa regions of South Africa and Ghana, respectively. The LVGF is a world-class gold province that currently boasts in excess of 50 million ounces of Gold in Proven and Probable Reserve categories among five modern operations (namely, Geita, Bulyanhulu, North Mara, Golden Pride and Tulawaka) and five potential development projects. The LVGF is underlain by "greenstone belts", composed predominately of volcanic and sedimentary rocks interspersed with granitic intrusives and extends from central Tanzania northward into Kenya and Uganda.Peak Resources: http://www.peakresources.com.au/?pg=projects&amp;section=33&amp;country=tanzania</p><p>*******</p></li></ul>

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