1. 1 Annual General Meeting November 2006

2. 2 What we’ve done Where we are Barra Resources Ltd The Year in Summary  High Grade Wahloo Shoot discovered at the Burbank’s Gold Project.  Doubled Burbank’s resource base to 74,000 ounces.  Commenced Underground Mine Production with First Gold poured in August 2006.  Capital Raisings totalling $4.8M.  Options converted raising $4.6M  Increased Market Capitalisation from $15.6M to $39.0M.  Significant cash reserves in-excess of $5.0M.  Aggressive underground and surface drilling programs underway to extend existing 74,000 oz resource.  Underground development on schedule with Stoping operations commenced on the 330 level and strike driving well advanced on the 310 level.

3. 3 Barra Projects

4. 4 Location of Burbanks Mine

5. 5 Burbank’s Gold Mine Underground Diamond Drilling

6. 6 Wahloo Shoot Diamond Hole BBUD004 44m @ 13.9g/t

7. 7 Burbank’s Gold Mine Portal Entrance

8. 8 Burbank’s Gold Mine Decline Development

9. 9 Burbank’s Gold Mine

10. 10 Tailor Shoot High Grade Ore

11. 11 Barra Projects

12. 12 Phillips Find Interpreted Geology and Prospect Location

13. 13 Phillips Find Current Mining Opportunities

14. 14 Riverina Gold and Nickel JV Prospect Location, Significant Gold and Nickel Intercepts Barra Resources 30%, Riverina Resources 70% (Manager) Riverina Gold Mine Area 3m @ 20.54g/t 2m @ 18.55g/t 12m @ 5.81g/t 15m @ 3.14g/t 6m @ 5.59g/t Martin Zone Nickel Sulphide 4m @ 1.41% Ni including2m @ 2.16% Ni 2m @ 1.55% Ni 0.24m @ 3.39% Ni 0.20m @ 1.25% Ni 0.50m @ 1.00% Ni Martin Zone Nickel Laterite 12m @ 1.65% Ni 25m @ 1.37% Ni including 5m @ 2.98% Ni

15. 15 Riverina Gold Mine Area Potential Open Pit location and Resource Summary Optimised Open Pit at A$750/oz contains 137,278 t @ 4.77g/t for 19,571 oz’s to 75m depth realising $4.66M in operating profit. Optimised Open Pit at A$900/oz contains 275,312 t @ 5.89g/t for 48,445 oz’s to 145m depth realising $7.75M in operating profit. Total Gold Resources at Riverina Mine Area stand at 693,522 t @ 4.85g/t for 108,245 oz’s. Total Gold Resources for the Riverina Project stand at 1,375,246 t @ 3.89g/t for 172,196 oz’s.

16. 16 Martin Zone Nickel Sulphides Long section looking West

17. 17 Quinn Hills Project Prospect location and Significant Gold Intercepts Quinn’s Mine 9m @ 17g/t 4m @ 9.6g/t Boudie Rat Pit 12m @ 9.5g/t 28m @ 5.0g/t Forrest Belle 6m @11.3g/t 5m @ 8.7g/t Boudie West 7m @ 2.3g/t Boticelli 13m @ 2.3g/t

18. 18 Barra Resources Ltd The Near Future Where we’re going  Burbank’s – Aggressive underground diamond drilling programs to extend existing 74,000 oz resource. RC drilling to test significant coincident along strike auger gold geochemical and aeromagnetic targets at surface.  Phillips Find - Diamond drilling program into Newminster Gold Resource to assess open pit resource potential. RC drilling programs to test regional targets.  Quinn Hills - Drilling down plunge and along strike continuations of high grade gold mineralisation intersected beneath historical underground and Open Pit positions.  Riverina - Continue Nickel sulphide exploration drilling at Martins Zone. Support Gold Open Pit development at The Riverina Mine Area.  Actively looking for New Projects to bolster existing impressive project portfolio.