An Ontario focused copper and precious metal exploration and development company.

FIRST MINERALS EXPLORATION LIMITED

Certain information contained in or incorporated by reference in this presentation, including any information as to our future financial or operating performance and other statements that express management’s expectation or estimates of future performance, constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward looking statements. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in commodity prices; risks arising from holding derivative instruments (such as credit risk, market liquidity risk and mark-to-market risk); changes in national and local government legislation, taxation, controls, regulations and political or economic developments in the countries we operate or other countries in which we do or may carry on business in the future; business opportunities that may be presented to, or pursued by us; our ability to successfully integrate acquisitions; operating or technical difficulties in connection with mining or development activities; employee relations; the speculative nature of exploration and development, including the risks of obtaining title to properties, particularly title to undeveloped properties; diminishing quantities or grades of reserves; adverse changes in our credit rating; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance, or ability to obtain insurance to cover these risks. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. You are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to Cenit’s most recent Annual Information Form on file with the Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable

DISCLAIMER

OVERVIEW

• FMEL’s purpose is to explore and develop, either by way of sole-risk exploration, option agreement or joint venture, certain precious and base metal properties.

• The Company is focused in the Ste Marie to Wawa area

• The properties include base metal (Copper, Zinc) and precious metals (Gold and Silver)

PROPERTIES

• -Argo property Copenace Township gold/copper prospect

• -Nicholson Gold Project, previously explored by Strike Minerals Inc.

• -Riggs gold project• -Batchawana Bay copper project (50%

optioned by Cenit Corp.)

Batchawana Copper

Riggs PropertyNicholson Argo Property

PROPERTY LOCATION

ARGO PROPERTY

• A number of historical zones of mineralization

• Quartz veining in mafic volcanics

• Requires mapping and sampling

• Proposed budget $32,000

RIGGS TOWNSHIP

• Extension of gold mineralized zones to the west.

• Requires mapping and sampling

• Proposed budget $20,000

NICHOLSON PROPERTY

• HISTORICAL WORK– SAMPLING IN 1930`S

• EXPLORATION 2008-2009– SURFACE STRIPPING– MAPPING– TRENCHING– CHANNEL SAMPLES

• 14.77 G/T OVER 1.52 M LENGTH 57.3 M• 8.95 G/T OVER 1.52 M LENGTH 16.3 M• DRILL INTERCEPT 298 G/T OVER 0.46 M

• EXPLORATION PLAN– MAPPING– ADDITIONAL STRIPPING– TRENCH SAMPLING

• BUDGET $30,000

BATACHAWANA PROPERTY

COPPER CORP MINE

COPPERCORP MINE

Coppercorp Historical Mine Operation (1965 – 1973)

Historical Estimate 1,668,000 Tons @ 1.73%

Tons Extracted 1,025,190 Tons

Produced 23,800,000 lbs Cu + 228,000 oz Ag

Average Production Grade 1.16% Cu

Mine Type Underground

Target Mineralized Veins

Reason for Closure Drop in the Price of Copper

Lake Superior

Nokomis449Mt 0.6% Cu0.2% Ni0.6 g/t Pt+Pd+Au

Nokomis449Mt 0.6% Cu0.2% Ni0.6 g/t Pt+Pd+Au

Keweenaw PeninsulaHistoric Mining DistrictNative Copper

Keweenaw PeninsulaHistoric Mining DistrictNative Copper

Eagle3.6 Mt3.5% Ni3.0% Cu1.6g/t PGE+Au

Eagle3.6 Mt3.5% Ni3.0% Cu1.6g/t PGE+Au

Coppercorp (1965-1972)1Mt1.65% Cu + Mamainse Mine+Tribag Mine

Coppercorp (1965-1972)1Mt1.65% Cu + Mamainse Mine+Tribag Mine

Hemlo80 Mt1.1g/t PGE+Au0.3% Cu

Hemlo80 Mt1.1g/t PGE+Au0.3% Cu

Iles RoyaleHistoric Copper DistrictNative Copper

Iles RoyaleHistoric Copper DistrictNative Copper

COPPER POTENTIAL LAKE SUPERIOR

SURFACE SAMPLING

• Requires significant follow-up of recent sampling

• Drilling to test depth• Drilling to test IOCG

potential• Estimated budget

$300,00 (after JV partner completes)

IOCG CHARACTERISTICS

• Comparison with Olympic Dam type deposits• Olympic Dam, Carapateena, Prominent Hill• Largest mine in the world (Cu/Au/U)• Large tonnage lower grade deposits• Property geological similarities:– Occurrence of indicator minerals– Geophysical anomalies– Tectonic setting

BATCHAWANA PROPERTY

• Recent Trench Sampling• Out lined a new zone

totalling 300m in length• Average value for a

total of 68 Chip samples was 5.7% Cu and 14 g/t Ag

• A smaller second zone averaged 8.5% Cu with a total of 22 samples

RECENT EXPLORATION

PARTNER COMMITMENTS

Payments to earn a 50% Joint Venture interest:

INITIAL PAYMENT $50,000

ISSUE 1.0 MILLION SHARES

EXPLORATION COMMITMENT $300,000

Subsequent Payments

COMMIT TO $75,000 IN SHARES (12 MONTHS)

COMMIT TO $100,000 IN SHARES (24 MONTHS)

CAPITAL STRUCTURE

•7 million shares outstanding•Nominal value $0.15 $1,050,000 market cap •FMEL has no debt •Liquid Assets:

-1,000,000 shares of Cenit ($70,000)-600,000 shares of Strike ($60,000)

FNANCING

• Source of Funds•$500,000 through a private placement to accredited investors.

•Use of Funds-$300,000 for exploration of its mineral properties-$100,000 expenses for a listing on a Canadian Stock Exchange-$100,000 for G&A expenses

FIRST MINERALS EXPLORATION LIMITED

• Contact

Bob Young Fran Youngwirth416 916 0376 67 Third St.

Timmins, Ont.P4NJ 1C2705 264 2446