Kingsrose Mining LimitedWAY LINGGO GOLD MINING PROJECT

Lampung Province, Sumatra

Indonesia

March 2009

OBJECTIVE “Aggressively develop into a significant high grade gold producer based on in‐house expertise in underground mining and exploration.”

APPROACH“Acquisition of production and near production high grade gold projects evaluated as having excellent exploration upside.”

PROJECTSWay Linggo, SumatraComet Vale Joint Venture, Kalgoorlie

Shareholder Value

Board of Directors

Mr John Morris Executive Chairman

Mr Bill Phillips Director, Mining

Dr Mike Andrews Director, Geology

Mr Dennis Franks Director, Finance

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Operational ManagementPT Natarang MiningDr Mike Andrews Operations Director

– Geologist – 30 years exploration experience– 21 years based in Indonesia

Bill Phillips Director of Mining– Underground mining contractor– 40 years experience underground mining & mine establishment– Contractor to Indonesian government mining company – Managing Co‐o mine in Philippines

Ir Herryansyah President Director– Geologist– 25 years exploration experience– Responsibilities include permitting & national affairs

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Capital StructureIssued Share Capital

Exchange ASX (KRM)                           

Ordinary Shares    118,250,020(fully paid)

Unlisted Options 5,500,000 @ 25c (exp. 31.12.2012) 

1,000,000 @ 10c(exp. 04.12.2013)

2,250,000 @ 14c(exp. 16.02.2014)

Listed Options 38,525,010 @ 20c (exp. 31.12.2012)

Convertible Notes (unlisted) 11,000,000

Share Register Mix: 61.37% Local, 38.63% Overseas

Largest S’holder: Icon Enterprises Ltd* (35.9%)

Share Trade Range:  (prior 14 mths) 7c – 44c

Current Market Cap:   ~A$26 M

Cash on Hand: ~A$2,000,000 (12/03/09) 

* Directors & original investors 5

Way Linggo Gold Mining Project

• Construction of 70,000 tonnes per annum underground gold  mine complete and mine development continuing, (Expansion to 140,000 tonne per annum planned)

• 400 tonnes per day Merrill‐Crowe processing plant to be constructed; key lead equipment items purchased & in country

• Feasibility study to 100,000 tpa completed and Government approvals for construction obtained

• Mineral rights held under 4th Generation Contract of Work

• Commissioning 4th Quarter 2009

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PT Natarang Mining Corporate Details

Australia

100%

Australia

100%

Australia

85%

Indonesian PMA Company

15%

"Indonesian Partner"

Limited"MMG"

Natarang Offshore

Kingsrose MiningLimited

Ir. Herryansyah

PT Natarang Mining

"PT NM"

Propriety Limited"NOPL"

MM Gold Propriety

"KRM"

• PT Natarang Mining  (“PT NM”)– Indonesian PMA (foreign ownership 

approved) company

• Natarang Offshore Pty Ltd (“NOPL”)– Australian holding company

– Owns 85% of shares of PT NM

• Ir. Herryansyah– 15% of shares of  PT NM

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Mineral Rights• Contract of Work  (“COW”) granted to PT Natarang Mining approved 

by Indonesian Parliament and signed by President  – “Lex Specialis”

• COW defines rights and obligations of PT Natarang Mining in terms of – Sole rights to explore for, exploit, process and market gold and other metals from 

contract area

– Taxation, royalty and reporting requirements

– Duty free importation of equipment and capital items

– Employment and training of Indonesian nationals and Promotion of national interest

– Land access

– Regional cooperation on infrastructure requirements

– Local business development

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Project Location - Southern Sumatra, Indonesia

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Project Access - Lampung Province, Sumatra

Contract Area 10,540 hectares10

Way Linggo Sumatra Gold Project

Way Linggo Minesite Location11

Way Linggo Sumatra Gold Project

3D Image of Way Linggo Area showing subsurface extent of North Vein,topography and drillhole traces. 

of showing subsurface of North

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Way Linggo ROM Pad Area

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Mine services area, showing headframe, winder, compressor and generator house and workshop

Way Linggo General Site Layout

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Way Linggo Mine

Aerial Photo Showing Incline 1020 m Level Portal

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Exposure of North Vein 1065 m Level

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Mine Manager, Yulianto and Chief Geologist, Harto indicate contacts of North Vein. 3.55 m @ 54 g Au/t, 194 g Ag/t (uncut)

Way Linggo North Vein Textures

North Vein Brecciated VeinHigh Au Grade 200 – 300 g Au/t

North Vein High Grade Ag SulphideConcentration 17,800 g Ag/t

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Way Linggo Sumatra Gold Project

• Exposure of 6 metre wide North Vein in surface trench

• Gold and silver occur in epithermal quartz vein hosted in intrusive dacite

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Way Linggo Sumatra Gold ProjectDRILLING AND TRENCHING

– Total of 11,283 metres diamond core drilling

– 112 drillholes to 150 metres maximum vertical extent

– 11 trenches from surface

– Halfcore assayed for Au, Ag, Cu, Pb, Zn 

– Full quality control programme• Standards• Inter laboratory tests

– 20 metre spaced drill sections

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Snowdens Resource Estimate 2008Deposit Classification Tonnes Au g/t Ag g/t AuEq g/t AuEq oz

Measured 334,000 11.38 172 14.24 153,000 North Vein Indicated 93,000 7.06 118 9.03 27,000

Inferred 127,000 4.92 83 6.30 25,700

Sub-total 554,000 9.17 143 11.55 205,700

HangingwallSplit and

Central Vein Zone

Measured - - -

Indicated 75,000 5.26 69 6.41 15,500

Inferred 40,000 4.24 46 5.01 6,400

Sub-total 115,000 4.91 61 5.93 21,900

Total 669,000 8.44 129 10.59 227,600

• Resource compliant with JORC Code 2004

• Gold equivalent (AuEq) assumes 1 g/t Au is equivalent to 60 g/t Ag

• Classified Mineral Resource is based on 2.5 g/t Au Eq cut‐off grade

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.The Mineral Resource statement has been reviewed by Mrs. Christine Standing of Snowden Mining Industry Consultants. Mrs Standing is a member of The AustralasianInstitute of Mining and Metallurgy and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration to qualify as aCompetent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mrs. Standingconsents to the inclusion in this presentation of the matters based on the information in the form and context in which is appears.

Way Linggo Project GeologySite Geology• Mineralisation as high grade epithermal quartz 

veins

• Low sulphidation

• Host rocks dacite intrusion and andesitevolcanics

• North Vein

– Near vertical, average width 4.7 metres

– Resource 554,000 tonnes @ 9.18 g/t Au, 142 g/t Ag (2.5 g/t Au Eq cut off)

• Other Vein Occurrences

– Southern Extension

– Central Vein Zone

– Panca’s Vein

– Harto’s Vein (New)

– South Vein Zone (New)

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Way Linggo Mine Development

Projection of :-

• 1020 m Level

• North Vein on 1020 m Level

• Incline

• Main Haulage Drive

• Cross Cut for Alimak Raise

• Sill Drift Development

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Way Linggo Mine Development

1020 m Sill Drift Face Sampling (South)

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Weighted average of face channel sampling between 10088 N and 10190 N :-

102 m (strike length) @ 24.3 g Au/t, 383 g Ag/t

(Resource Model Predicted grades18.3 g Au/t 297 g Ag/t)

Merrill-Crowe Process Plant Design

Design for High Silver Content               Capacity for   +/‐ 400 tpd24

Key Plant Items Purchased

Two Ball Mills Coarse  Ore Bin Vibrating Screen

Conveyors Apron Feeder Crushers 

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WAY LINGGO PROJECT

Exploration Prospectivity

PROSPECTS AT ALL STAGESOF EXPLORATIONMinesite ExplorationBrown Fields ExplorationRegional Potential

Prospect Locations• Way Linggo• Semung Kecil

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Way Linggo Sumatra Gold Project

• 3D Image of Way Linggo Area showing subsurface extent of North Vein,topography and drillhole traces

• North Vein is open down plunge to north and at depth27

WAY LINGGO PROJECT

Mine Site Exploration

NORTH  VEIN

• Open at depth on all Sections,(Deepest intersection only 160 m below 

surface)

• Open to North of 10370 N 

• Central Vein Zone to South

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Way Linggo High Grade Shoots

North Vein Long Section Viewed to the North EastGold grades colour coded (Yellow >20 g/t, Red 15‐20 g/t, purple (10‐15 g/t) green 4‐10 g/t)

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Minesite Exploration Potential

Original Pajingo ‐ 370,000 oz Au      @  8 – 9 g Au/tVera Nancy               ‐ 2,900,000 oz Au  @  13.5 g Au/t

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Longsection of Vera Nancy Deposit, Queensland. Illustrating the common form of occurrence of epithermal mineralisation in multiple pods along strike of structures

Minesite Exploration Potential

Extent of drilled resource at Way Linggo superimposed on Vera Nancy Longsection

Illustrates potential for multiple shoots along strike.  

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Way Linggo Soil Anomalies

32Soil geochemistry indicates extensive anomaly in Central Vein Zone

Way Linggo Gold in Rock Sampling

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Occurrence of mineralised epithermal rock float in Central Vein Zone, South Vein Zone and Harto’s Vein Zone are recent discoveries in preparation for drilling

CSAMT Geophysical Anomalies

10160 N 10300  N

34Anomalies parallel to North Vein (outline shown) possibly parallel veins.

EXPLORATION POTENTIAL ( MINE SITE )

• North Vein open at depth and along strike to North. Deepest drilling only to 150m below surface. Every drillhole into North Vein has high grade intercept.

• Very high grade silver hydrothermal breccia intersected in deepest drillhole.   (2m @ 2335 g/t Ag, 1.64 g/t Au)

• Strong CSAMT resistivity target parallel to ore body 200 m to east

• Southern Extension and Central Vein Zone geochemical target with limited drilling (Soil samples up to 1.5 g/t Au)

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SEMUNG KECIL PROSPECT

Soil Geochemistry

Extensive gold in soil anomaly, 800 m in length

Coincident Hg, As and Sb

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SEMUNG KECIL PROSPECT

Gold in Rock Samples

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Abundant mineralised epithermal rock float in area of soil anomaly

Shallow diamond holes drilled by previous operator failed to intersect quartz veins

Zone of high grade float (<100 g/t Au) located to south west, source untraced as yet

WAY LINGGO PROJECT

Regional Setting

Major Gold Mines and ProjectsIn Sumatra and West Java Gold Province

• Martabe (5.9 M oz Au)• Pongkor  (3.6 M oz Au)• Lebong Tandai (1.4 M oz Au)• Lebong Donok (1.3 M oz Au)

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Prospective Structural Setting

Great Sumatra Fault  • Dilational Jogs and Splays• Associated with Pull Apart Basins

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Comparison Setting with Fruta Del Norte

Aurelian Resources Inc  Discovery,  March 2006,  EcuadorResource   58,900,000 t @ 7.2 g Au/t   (13.6 M oz Au Eq)Analogous Structural Setting to PT NM  Contract  Area

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Prospective Structural Setting

Great Sumatra Fault • Dilational Jogs and Splays• Associated with Pull Apart Basins 41

WAY LINGGO PROJECT

Regional Exploration

Gold BLEG Anomalies

Bulk Leach Extractable Gold

Numerous Regional Drainage Anomalies to be followed up

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Comet Vale Joint Venture

Longsection Released by JV Partner Reed Resources LtdMine Operated by Kingsrose Mining 

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Comet Vale Resource Estimate

Classification Tonnes Au g/t Au Ounces

Indicated 329,000 9.2 97,100

Inferred 332,000 8.0 85,500

Total 661,000 8.6 182,600

• Announced by  Reed Resources 2nd December 2008

• Resource compliant with JORC Code 2004

• Classified Mineral Resource is based on 5 g/t Au  cut‐off grade

December 2008 

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Comet Vale Joint Venture

Regional Exploration Potential

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Prospective Regional Setting

Some of the statements contained in this presentation are forward‐looking statements, such asestimates and statements that describe future plans, objectives or goals, including words to theeffect that Kingsrose Mining Ltd implies a stated condition or it forecasts certain results could occur.Because forward‐looking statements address future events and conditions, by their very naturethey involve inherent risks and uncertainties. Actual results relating to, among other things,reserves, resources, results of exploration, reclamation and other post‐closure costs, capital costsand mine production costs could differ materially from those currently forecast in such statementsby reason of factors such as changes in general economic conditions and conditions in the financialmarkets, changes in demand and prices for the minerals, litigation, legislative, environmental andother judicial, regulatory, technological and operation difficulties encountered in connection withmining activities, labour relations matters, cost and changing foreign exchange rates. This list is notexhaustive of the factors that may affect any of forward‐looking statements. These and otherfactors should be considered carefully and readers should not place undue reliance on KingroseMining Ltd statements.

Forward Looking Statement

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The information in this presentation that relates to exploration results, mineral resourcesand ore reserves is based on information compiled by Michael Andrews BSc(Hons) PhD,who is a Fellow of the Australasian Institute of Mining and Metallurgy, and a Director ofKingsrose Mining Ltd. Dr Andrews has sufficient experience which is relevant to the styles ofmineralization and types of deposits and to the activity which he is undertaking to qualifyas a Competent Person as defined in the 2004 edition of the Australasian Code forReporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Andrewsconsents to the inclusion in this report of the matters based on his information in the formand context in which it appears.

Competent Person Statement

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