TSX: ME TSX: ME 1

Moneta Porcupine Mines

Building gold resources east of Timmins, Ontario

TSX: ME

August 2009

TSX: ME 2

Forward­looking Statements

This presentation contains forward­looking statements. All statements, other than statements of historical fact, that

address activities, events or developments that the Company believes, expects or anticipates will or may occur in the

future (including, without limitation, statements regarding exploration results, potential mineralization, future plans and

objectives of the Company and mineral resources) are forward­looking statements. These forward­looking statements

reflect the current expectations or beliefs of the Company based on information currently available to the Company.

Forward­looking statements are subject to a number of risks and uncertainties that may cause the actual results of the

Company to differ materially from those discussed in the forward­looking statements, and even if such actual results are

realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects

on the Company. Factors that could cause actual results or events to differ materially from current expectations include,

among other things, uncertainties relating to the availability and costs of financing needed in the future, changes in

commodity prices, changes in equity markets, changes to regulations affecting the Company's activities, the uncertainties

involved in interpreting exploration results and other geological data and the other risks involved in the mineral exploration

industry. Any forward­looking statement speaks only as of the date on which it is made and, except as may be required by

applicable securities laws, the Company disclaims any intent or obligation to update any forward­looking statement,

whether as a result of new information, future events or results or otherwise. Although the Company believes that the

assumptions inherent in the forward­looking statements are reasonable, forward­looking statements are not guarantees of

future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty

therein.

TSX: ME 3

Corporate Information

Stock exchange listings TSX: ME Xetra/Frankfurt/Berlin: MOP

Share price range (52 week) $0.22 – 0.03

Recent price $0.17

Market capitalization $19 million

Shares outstanding 112.7 million

Fully diluted 120.7 million (8 million options @ average $0.12)

Ownership by insiders 16.5 million

Cash on hand $0.5 million (Mar 31, 2009)

Corporate offices Timmins, Ontario

Debt outstanding Nil

Moneta is one of the longest continuously­listed companies on the TSX…

…with no share consolidations in its 98 year history.

TSX: ME 4

Board of Directors and Management

Management Directors: • Ian C Peres, CA Over 15 years of experience in capital markets, resource

President & CEO (Based in Toronto, Ontario) sector, and retail and institutional financing

• Rod Whyte, B Econ, B Arts Over 30 years experience in all aspects of natural Chairman (London, England) resource sector

Independent Directors: • Warren Bates, P Geo SVP Exploration of Pelangio (TSX: PDX) with over 22 years

of experience in the mining and exploration and the Abitibi Greenstone Belt

• Michael Coulson Experienced analyst and mining commentator

• Alex Henry, CA Financier and asset manager

• Charles Parsons, FCA International experience in resource sector

Management: • Rainer Skeries, P.Geo. Over 20 years experience in Abitibi Greenstone belt

Exploration Manager

• Francis Yungwirth, P.Eng., LLB Timmins­based lawyer and mining engineer Corporate Counsel

TSX: ME 5

Regional Perspective

The property package includes claims in Porcupine camp…

…with a focus on Golden Highway Camp.

GOLDEN HIGHWAY CAMP

Moneta Porcupine Mines MICHAUD / GARRISON / BARNET

DESTOR

O N T A R I O

Hemlo

KAYORUM

NORTH TISDALE

DESTOR

Timmins

0

BLACK FOX (GLIMMER MINE 0.21 Moz)

XSTRATA ­ KIDD CREEK MINE

AQUARIUS PROJECT (1.2 Moz)

STOCK MINE (0.13 Moz)

ROSS MINE (1.0 Moz)

HOLLOWAY MINE (0.9 Moz)

ST ANDREW GOLDFIELDS

HOLT­McDERMOTT MINE (1.3 Moz)

XSTRATA ­ KIDD CREEK METALLURGICAL COMPLEX

NIGHTHAWK LAKE

PORCUPINE CAMP

PAMOUR MINE 4.2 Moz DOME MINE 15.7 Moz

5

3 4

2 1

HOYLE POND MINE 2.3 Moz

McINTYRE MINE (10.7 Moz) HOLLINGER MINE (19.5 Moz)

km

10 20

Mafic/ultramafic volcanics

Major faults

Mineralization trends/zones

Mines ­ selected past/present (2006 production figures)

Timiskaming sediments locally with banded iron formation

6

2 1

3

4

5

PORC

UPINE

ZONE

FAUL

T

6

7

8

11 12

10

9

GOLDCORP (formally PJV)

HWY 101

8

7

GUIBORD

PIPESTONE FAULT

HWY 11 10

9

Matheson

km

200 0

90 W

U. S. A.

Red Lake

QUEBEC

TORONTO

P Q

Noranda

Val d'Or

80 W

ONTA

RIO

HWY 101 12

11

Detailed Map

Lake Kirkland

Timmins

PORCUPINE FZ

45 N

50 N

Moneta / Acrex Ventures JV

APOLLO GOLD

Moneta / St Andrew Goldfields JV GOLDEN HIGHWAY

PROJECT

TSX: ME 6

Abitibi Greenstone belt

• Goldcorp advancing Hollinger Project (3 pits modeled) • adjacent to Moneta’s Kayorum property

• Lakeshore Gold now in production at Bell Creek and imminent at Timmins

• Apollo Gold now in production at Black Fox 20km west along Destor

• Active camps in eastern Ontario Abitibi Greenstone belt: • Porcupine Camp (Timmins) / Golden Highway Camp • Kirkland Lake 35km to the south • Matachewan 75km to the southwest

• Major mines along the Destor include: • Hollinger(19.3M oz) / McIntyre(10.8M oz) / Dome(15.8M oz) / Pamour (8.0M oz)

• Active juniors along the Destor include: • Lakeshore Gold, Apollo Gold, St Andrew Goldfields, West Timmins Gold,

Explor, VG Gold, Temex, Valgold, and Moneta

The Timmins Camp is experiencing a significant resurgence…

…with Goldcorp, Lakeshore, and Apollo leading the regional activity.

TSX: ME 7

Porcupine Camp Properties

• Nighthawk Lake (100% ­ 121 claims) • Collins Zone (Open: 500m strike X 300m depth) • Low grade open pit concept (local high grade: 9.54 g/t over 5.75m) • Modeling suggests shallow dip and a second deeper gold­bearing zone • St Andrew Aquarius project within 6km to east on strike; Nighthawk Break

deposits to south

• Kayorum (100% ­ 52 claims) • Located between Dome and Hollinger Mines • Includes former Moneta Mine: high grade producer (~150,000 oz @ 0.47 oz/t)

– Extension to Hollinger vein system, Adjacent to Hollinger pit

• North Tisdale (100% ­ 166 claims) • Along North Mine Trend (Bell Creek ­ Lakeshore Gold, Owl Creek –

Goldcorp) • West Timmins ( 100% ­ 16 claims)

• Ni­Cu and gold potential near Thunder Creek discovery of West Timmins Gold

Moneta holds properties adjacent to past gold producers…

… and along known gold trends in the Porcupine Camp.

TSX: ME 8

Property focus: Golden Highway Project

TSX: ME 9

Corporate Highlights

Corporate Focus: The Golden Highway Project (“GHP”) • Southwest Zone 3.3 Mt @ 6.0g/t Au (624,500oz)

(historical resource)

• Windjammer South zone 7.8 Mt @ 1.22g/t Au (305,000oz) indicated and (NI­43­101 resources) 5.8 Mt @ 1.13g/t Au (212,000oz) inferred

• 55 Zone (50%) High grade intersections (27.75m @ 9.68 g/t)

Good Address • 72M oz of gold mined in Porcupine and Golden Highway Camps, on the prolific Destor

Infrastructure/Support: all properties have access to highway and power

Moneta is expanding NI 43­101 gold resources

Moneta’s gold properties are along the Destor Porcupine Fault Zone (“Destor”)…

…which forms part of the western Abitibi Greenstone belt.

TSX: ME 10

Golden Highway Project (“GHP”): Overview

• 665 claim units (~10,600 hectares) on Golden Highway Project • Largely contiguous claim block centered on Southwest Zone in Michaud Township

• GHP covers 12 km of strike along the Destor • 10 distinct gold zones to date • Additional strike along major splays (Pipestone, Munro and Arrow)

• Different mineralized geological settings along the Destor: • Southern Corridor: altered Timiskaming sediments • Northern Corridor: altered mafic / ultramafic volcanics and syenite intrusives

• 3­D digital models developed on over 500 drill holes on GHP properties

• Historical drill core is available at Moneta core shack (>100km of core)

Properties have been advanced by majors: Barrick, Noranda, Unocal

TSX: ME 11

Golden Highway Project: Southwest Zone (100% owned)

• Zone: (open: 1,000m strike X 100m X 500m depth) • Known geological setting: iron formation footwall • Broadly mineralized to 450m depth • Multiple discrete vein systems (en echelon) • Wide alteration zone discovered at 1,000m

• Hole 162: 2.14 g/t over 69m drilled width (incl. 6.01g/t over 6.17m) • Historical resource of 624,500 ounces (Barrick JV)

• 3.3M tonnes @ 6 g/t à with 3 g/t cut­off • Barrick JV drilled 55 holes in 1996/1997

• Objective: upgrade resource to NI 43­101

SW Zone has identified significant high grade potential…

…with the same geological setting as Windjammer South at depth.

TSX: ME 12

Golden Highway Project: Windjammer South (100% owned)

• Zone: (open: 500m strike X 150m X 350m depth)

• NI 43­101 resource (305,000 oz indicated / 212,000 inferred oz Au) • 26 drill holes by Noranda in 1980’s • 20 drill holes by Moneta in 2008 (6,900m)

• Well defined gold mineralized alteration zones in sediments • Higher grade intersections (3.4g/t over 27m) • Same geological setting as SW Zone • Inferred westerly plunge towards higher grade SW Zone (1,000m strike) • Hole 162 (SW Zone) with same geological setting confirms gold system at

1,000m depth (2.14g/t over 69m drilled width)

• Hanging wall potential (new zone?) identified and to be drilled

Windjammer South, a generally pervasive gold system…

…which remains open laterally and to depth.

TSX: ME 13

Golden Highway Project: Windjammer North (100% owned)

• Zone: (open: 400m strike)

• NI 43­101 recommends further drilling to develop zone

• Potential for Lightning Zone mineralization as at Holloway mine east along Destor • Gold vein system in altered mafic/ultramafic volcanics and sediments along

volcanic contact • Similar setting to Holloway Mine 20 km east along structure

• 23 historical drill holes by Noranda • Higher grade intersections (6.37 g/t over 5.9m)

• On strike with Moneta gold zones along northern corridor and Destor • Last Chance Zone, Twin Creeks Zone, and Landing Zone

Windjammer North has higher grade intersections…

…with significant untested potential.

TSX: ME 14

Golden Highway Project: Exploration Focus

’55’ Zone

Southwest Zone

Windjammer South

MN96­162

Windjammer North

Twin Creeks

Landing Zone

MWJ08­19 M08­259

MN96­175

M­87­91

Discover Abitibi profile L 32 & 40 E

Orientation profiles

existing profiles proposed profiles 104 Anomaly

MN96­196

Priority Area

Current IP program testing WJS to SWZ gap….

TSX: ME

Southern Corridor Longitudinal – Timiskaming Sediments along Iron Formation

Western Zone Dyment3 ’55’ Zone Southwest Zone Windjammer South

PLUN

GE TA

RGET

1000 metres

200 m

Moneta / Acrex Michaud JV Moneta Golden Highway

WSW ENE

MN96­162 2.14 g/t Au over 68.0 m

Incl.6.00 g/t over 8.50 metres

MN96­175 / MN97­196

M08­259 MWJ08­19

15

Golden Highway Project: Exploration Focus (cont’d)

TSX: ME 16

• Michaud JV: 65 claim units or 10% of the Golden Highway Project

• 55 Zone (open: 350m strike x 100m width x 350m depth) • Currently defined by only 26 drill holes • Same sedimentary units as SW Zone with decreased iron formation • Higher grade intersections (27.75m @ 9.68g/t) • Initial discussions re NI 43­101 resource estimate

• Dyment 3 • Confirmed mineralized corridor between 55 Zone and Western Zone

• Western Zone • 14 holes – 125m drill spacing • Higher grade over narrow widths ­ 8.5g/t over 2.4m (incl. 26.7g/t over 0.6m) • On strike with 55 Zone, Dyment 3

The Michaud JV covers the same sedimentary units as the SW Zone…

…within a 2km under­explored mineralized corridor.

Golden Highway Project: Michaud JV (50%): 55 Zone, Western, Dyment 3

TSX: ME 17

Current Corporate Objectives

• Windjammer South • NI 43­101 resource ­ improved categories and quantities (completed) • Test westerly plunge/linkage towards Southwest Zone • Interpret and evaluate potential of higher grade sections • Test hanging wall potential (new zone?)

• Exploration for higher grade within known zones • Targeted drilling on all zones on strike and evaluate resources at depth • Windjammer North drill program: to confirm and expand high grade zone

• Southwest Zone • Upgrade historical resource to NI 43­101 compliance • Drill upper section of zone • Wedge hole 162 at depth

• Advance regional property rationalization opportunities

Continue to build ounces and upgrade resource categories…

…and enter discussions with prospective strategic partners.

TSX: ME 18

Peer comparison (at May 15, 2009)

Reserves and Resources (MM's) Valuations (EV / Resources)

Market Cap (MM's) EV (MM's)

Reserves 3Ps

Resources ‐ M&I Inferred

Historical Resources

Reserves 3Ps

Resources ‐ M&I Inferred

Historical Resources Total

Lakeshore Gold 360 230 0.826 1.217 0.291 ‐ $ 278 $ 189 $ 791 ‐ $ 99

West Timmins 96 94 ‐ ‐ 0.400 0.023 ‐ ‐ $ 235 $ 4,086 $ 222

St Andrews 123 48 0.546 2.405 0.696 ‐ $ 172 $ 20 $ 69 ‐ $ 13

Apollo Gold 89 37 1.330 ‐ ‐ ‐ $ 71 ‐ ‐ ‐ $ 28

Bear Lake Gold 14 6 ‐ 0.283 0.175 ‐ ‐ $ 23 $ 37 ‐ $ 14

Osisko 1,920 1,415 6.280 8.460 0.200 ‐ ‐ $ 163 $ 577 ‐ $ 127

Detour 544 510 ‐ 10.763 2.452 ‐ $ 81 $ 364 $ 201 ‐ $ 50

Moneta 10 9 ‐ 0.305 0.211 0.625 ‐ $ 30 $ 44 $ 15 $ 8

Moneta’s valuation reflects under­explored properties…

…with the potential for exceptional growth in market cap.

TSX: ME 19

Summary

• Good Address (72M+ oz of gold mined to date on the prolific Destor in Ontario)

• 10 under­explored distinct gold zones, open laterally and to depth

• Increasing gold resources: • Southwest Zone ­ 624,500oz (historical resource) • Windjammer South ­ 305,000oz (ind) / 212,000oz (inf) (NI 43­101 resource)

• Exceptional quality of database with ready access to drill core (Moneta coreshack)

• Drilling undertaken primarily by Majors

• Significant ownership by Directors, Management, and associates

Moneta holds highly prospective properties along the prolific Destor…

…to increase NI 43­101 resources and upgrade categories.

TSX: ME 20

Corporate Contact

Moneta Porcupine Mines Inc. 65 Third Avenue, Timmins, Ontario, P4N 1C2 www.monetaporcupine.com

info@monetaporcupine.com

Ian C Peres, President & CEO 416.579.3040 iperes@monetaporcupine.com

Rod Whyte, Chairman

+44.207.736.2212 rodwhyte@btinternet.com