Company Outline FCF Minerals Corporation (FCF) owners the Runruno Gold – Molybdenum Project. Metals Exploration Plc owns 85% of FCF and has rights to the remaining 15%. FTAA permit signed by Order of the President in October 2009 Environmental Compliance Certificate (ECC) issued March 2010 Feasibility Study announced in May 2010. Metals Exploration Plc (Registered in England) (Listed in AIM) Metals Exploration Plc - ROHQ MTL Philippines, Inc. (100.0%) FCF Minerals Corporation (85.0%) Woogle Corp. (40.0%) Cupati Holdings Corp. (40.0%) Runruno Livelihood Foundation

Project Location The Runruno Gold-Molybdenum Project is located within Baragay Runruno, Municipality of Quezon and the Province of Nueva Vizcaya. It is a distance of 320km by road north of Manila.   FCF began exploration activates in the Runruno area in 2005 based on previous exploration in the area since the 1960s.   The project area is covered by Financial or Technical Assistance Agreement (FTAA). It covers a land area of 3,093.51 ha.

Regional Location Road – upgrade allowed along parts of the road. Currently passable all year. Airfield – Bagabag airfield 5 kms north of Solano Power supply – switch yard in Bayombong will be the origin for the new 69Kv line to site, running along the new road FTAA boundary

Financial or Technical Assistance Agreement (FTAA) FTAA-004-2009-II Area 3,093.51 Ha Approved FTAA Permit Volcanic Complex (circular features) Diameter= 2.5 kms Current Runruno Resource Area Cu-Au-Mo Au-Mo Cu- Au-Mo

Feasibility Study Results The Feasibility Study confirms the viability of the Runruno project, forecasting average gold production of 96,700oz of gold p.a. over a mine life of 10.4 years Production estimates: Years 1-5: 101,800 ozs gold per annum Years 6-10: 92,700 ozs gold per annum Payback within 3.5 years at US$1,000 gold Key Project Fundamentals A summary of the key project fundamentals is presented below: Description Item Capital Cost US$149.3m Average Mining Rate 12.2 Mtpa Average Operational Strip Ratio 5.9:1 Design Milling Rate 1.75 Mtpa Average Gold Grade 1.89 g/t Gold Recovery 91.9% Average Gold Production 96,700 oz/yr LOM Gold Production (10.4 years) 1,006,000 oz Average Operating Cost US$46.2m/yr LOM Operating Cost US$477 /oz Gold

Additional Inferred Resource in-pit Resource & Reserve April 2010 Resource Resource Category Ore Gold Molybdenum Mt g/t M Oz ppm M lbs Measured 9.9 1.89 0.60 626 13.7 Indicated 5.4 1.74 0.30 387 4.6 Inferred 10.0 1.59 0.51 327 7.2 Total 25.4 1.42 457 25.6 Reserve Category Ore Gold Molybdenum Mt g/t M Oz ppm M lbs Proven 8.7 1.94 0.54 657 12.6 Probable 3.9 1.89 0.24 406 3.5 2P Reserves 1.93 0.78 579 16.1 Additional Inferred Resource in-pit 5.5 1.81 0.32 338 4.1 Resource estimate was updated in April 2010 to include all 741 drill holes completed (104,718m) and assays returned by the end of February 2010 The combined M&I resource of 900,000oz gold now comprises 63% of the total In addition to the 2P reserves the Company has included a further 5.5 Mt @ 1.81 g/t Au; 0.032% Mo of Inferred mineral resource in the mine schedule after applying the same mining parameters used in estimating the mining reserve

Project Description The project will have the following five (5) major components: Mine Open Pit and Run of Mine (ROM) Pad; Process Plant facility consisting of conventional crushing, grinding, flotation, along with BIOX® and gravity recovery; Tailings Storage Facility (TSF) to ensure materials are properly managed and to reclaim water for the project; On Site Infrastructure including offices, workshops, accommodation, haul roads and water supply; and, Off Site Infrastructure including road improvement, 69kV powerline and water supply. Total project area is approximately 420 hectares.

Mine Open pit area - 600m x 1,500m 1.75 Mtpa ore - transported by conveyor to the Process Plant. 10.4 Mtpa overburden - used for the construction of the Tailings Storage Facility and in-pit backfill. For the first three years of mining, waste material will be used in the initial construction of the Tailings Storage Facility with the excess being stored as valley fill. For the remainder of the mining operation, waste material will be stored in the mined out pit. Mining Methods Conventional open cut, excavator and truck operation conventional backhoe configured excavator and truck based open pit operation Mining fleet consisting of 7x91t haul trucks, 2 excavators and associate ancillary fleet. Mining Estimates Diluted head grade 1.89g/t Au, 505ppm Mo 5% mining loss allowed Pit optimised using Whittle modelling Av Production - 96,700 oz Au Operating strip ratio of 5.9:1 Mining Methods Open cut, truck and shovel operation Ore crushed adjacent to pit and conveyed to process plant Waste rock stored in pit where possible Tailings dam site within project boundary

Process Plant Ore contains free and refractory gold and molybdenite Gold circuit demonstrated by extensive testwork Gravity recovery – 30% of gold Flotation to gold rich concentrate Biox® to oxidise sulphides Carbon in leach to recover gold doré Cyanide destruct and tailing neutralisation Tailings stored in purpose constructed facility Molybdenum circuit Method to recover moly dissolved during the BIOX® process being developed Testwork undertaken by Metcon, Burnie, Ammtec, Optimet, Goldfields and SGS (SA) laboratories

Process Flow Diagram

A BIOX® Process The Bio-Oxidation (BIOX®) was developed by GENCOR in the 1970s. It is owned and marketed by a wholly owned subsidiary BIOMIN, who is ownership by Gold Fields Limited. The BIOX® Process is a pretreatment process for refractory gold ores or concentrates, using three (3) naturally occurring bacteria to break down the sulphide matrix and liberate the gold for subsequent treatment Operating Ph of 1.2 to 1.8 and temperature of 40 to 45 0C. It is an alternative to the conventional processes of roasting and pressure oxidation. The advantages of the BIOX® Process are: BIOX® process commercially proven. Environmentally friendly. Robust and easy to operate. Ideal for remote areas. Cost competitive to roasting and pressure oxidation. thiobacillus ferrooxidans

Tailings Storage Facility Tailing Storage Facility (TSF) Storage of treated tailings in Big Malilibeg Vallley adjacent to the Process Plant. A two-year starter embankment to be constructed. This will be progressively increased using downstream construction methods over the life of the project. Designed to national and international standards for the safe and environmentally acceptable storage of tailings. Deposition of Tailings Tailings treated to destroy cyanide. Tailings will be pumped from the Process Plant to the TSF through a pipeline that will be placed in an open earthworks bund. Reclaim of Water Water will continuously be required to support the Process Plant and this will be primarily reclaimed from the TSF in order to minimise the supply of make-up water required from other sources.

Water Supply Water usage will be effectively managed to minimise the amount of water drawn from local rivers and to maximise the water returned from the TSF. Potable water will be sourced from the Lintungan River and this will be supplied to the Runruno Village, Camp and Process Plant. Process water supply will be sourced from the TSF return water. Make-up raw water that will be required at project start up and as required from the Sulong River. It is anticipated that TSF return water, which will include direct precipitation, will exceed the project’s requirements and will require to be discharged. This water will undergo treatment to meet Philippines water quality standards.

Off-Site Infrastructure Access Road Improvement of the Quezon to Runruno Access Road. Power Supply Estimated average power usage of 13MW. Access to the power national grid and hydroelectric power stations. Switch yard located at Bayombong. 36 km dedicated 69 kV Powerline to be constructed to site. 6MVa diesel generation set to provide emergency backup power.

Environmental Compliance Certificate (ECC) ECC issued by the DENR and the Environmental Management Bureau (EMB) in March 2010, after reviewing the ECC application. It certifies that the proposed project will not cause significant negative environmental impact, that the project has complied with all the requirements of the Environmental Impact Statement (EIS) system and that the Company has committed to implement its Environmental Management Plan. An Environmental Impact Statement was prepared, detailing the baseline environmental conditions and potential impacts as well as the safeguards included in the design. The EIS was presented in public meetings attended by over five hundred people from the surrounding communities, as well as representatives from the Barangay, Municipal and Provincial government bodies. The active involvement of the local community was encouraged throughout the process through public consultation. The EIS was then submitted to the EMB and reviewed by the Environmental Impact Assessment Review Committee (EIARC), based on three criteria: Environmental considerations integrated into overall project planning Assessment is technically sound and the proposed mitigation measures are effective Social acceptability based on informed public participation ECC was recommended for issue after a thorough review by the EIARC. This was endorsed by the EMB Director and finally reviewed and approved by the DENR Secretary.

Environmental Management Program Rehabilitation/Slope stabilization of Completed Drill Pads Regular Water Quality Monitoring Reforestation Program Weather Monitoring Waste Management Program Regular Air Quality Monitoring

Use of Coconut Fiber Matting for Slope Stabilization Installation of cocofiber matting and soil filled bags in open slopes Growth of planted napier grass

Compliance to DENR AO No. 96-40 (Philippine Mining Act) Part of FCF compliance to the Philippine Mining Act of 1995 are the preparation of the following plans and programs: Environmental Protection and Enhancement Program (EPEP) Final Mine Rehabilitation / Decommissioning Plan (FMRDP) Social Development and Management Plan (SDMP)

ENVIRONMENTAL PROTECTION AND ENHANCEMENT PROGRAM (EPEP) EPEP and FMRDP ENVIRONMENTAL PROTECTION AND ENHANCEMENT PROGRAM (EPEP) Program to address expected and acceptable impacts of the project and set out the life-of-mine environmental protection and enhancement based on international standards and best mining practice in environmental management FINAL MINE REHABILITATION / DECOMMISSIONING PLAN (FMRDP) Plan based on a prescribed standard of rehabilitation to: prevent long-term environmental impacts by returning mining-disturbed land to a physically and chemically stable, visually acceptable productive or self-sustaining condition, taking in consideration the beneficial uses of the land and surrounding areas; and ensure that sustainable alternative livelihoods are established and left behind to the host and neighboring communities

Social Development and Management Plan SOCIAL DEVELOPMENT AND MANAGEMENT PLAN (SDMP) Plan to promote and enhance the development and general welfare of the host and neighboring community through: Human resource development; Enterprise development and networking; Access to education and educational support programs; Access to health services, health facilities, and health professionals; and Protection and respect of socio-cultural values Other components of the SDMP are the following: Development of mining technology and geo-sciences Promotion of public awareness and education on mining technology and geosciences (ICE Program)

FCF Community Development Education and Training Health and Nutrition Skills Development and Capability Building Basic Infrastructure Development Employment and Livelihood Information Education and Communication The Runruno Livelihood Foundation (RLF) is a non-stock, non-profit organization that implements our community programs and projects aimed at developing a self-reliant and self-sustaining.

Basic Infrastructure Development Hanging Bridge Daycare Center Community Clinic Waiting Shed Tire Path Road Maintenance

Livelihood Projects Runo Craft Banana Chip Making Bread Making Hammock Making Soft Broom Making Basic Sewing Course

Information, Communication and Education (ICE) Project Update with the Barang Council, local community members and project employees.

Milestones Project Timetable Achievements Forthcoming Scoping Study Completed in November 2008 - FTAA awarded for Runruno Project Signed by order of the President Independent Resource verification Completed in November 2009 Environmental Compliance Certificate (ECC) Granted in February 2010 Feasibility Study Delivered in May 2010 Step out Drilling & Molybdenum Recovery Underway Permitting – SDMP, EPEP, FMRDP Declaration of Mine Feasibility (DMF) Q1 2011 Commence Project Construction Potential Commence Operations Q4 2012

Thank You. Any Questions?