A Global Resource Investment Company and Merchant Bank

TSX:AAB

November 12, 2010

A Forbes & Manhattan Group Company

TSX:AAB

This presentation contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forwardlooking information includes without limitation, statements regarding the proposed use of the proceeds of the financing, the receipt ofall necessary approvals, the outcome of legal proceedings, the issue of permits, the size and quality of the company’s mineralresources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs,demand and market outlook for metals, future metal prices and treatment and refining charges, the financial results of the companythe future financial or operating performance of the Company, the prospective mineralization of the properties, planned explorationprograms, anticipated production schedule and terms and the availability and likelihood of future acquisitions. Generally, forwardlooking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "isexpected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations ofsuch words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "beachieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause theactual results, level of activity, performance or achievements of the Company to be materially different from those expressed orimplied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical andsocial uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining industry.Although the Company has attempted to identify important factors that could cause actual results to differ materially from thosecontained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. TheCompany does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This presentation does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. Thesecurities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.Securities Act and applicable state securities laws or an exemption from such registration is available.

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Global resource investment company / merchant bankFocused on private, micro- and small-cap resource companies

Unique, value-added approach to investingActively builds companies to unlock valueTargeting triple digit returnsBenefits from Forbes & Manhattan’s infrastructure and deal flow

Broad investment mandate in resource sectorSignificant exposure to gold in current portfolioExciting investments in energy, metals, bulks, agriculture

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~$86MInvestment PortfolioMarket Value (Oct 31/10) ~C$0.99* /share

1.

*Excludes value of two gold royalties, adjusted to reflect buy-back post Q2

Aberdeen’s Shareholders Own:

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>$500K Gold Royalties paid quarterly2.

3. Forbes Coal

Brazil/Amazon PotashTemujin Mining, etc.

Private investment upsideTaking public to improve portfolio liquidity/value

4. Ongoing high quality deal flowSupporting next

generation of investments

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Technical Team Financial Team Legal Team Back Office

Forbes & Manhattan expertise

Over 80 professionals in Toronto plus international operations teams

Forbes & Manhattan benefits:

FinancingMarketing

M&A

World class team

Proven track record

Actively building companies and creating value

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Merchant BankingShort-term investmentsBridge financingFee incomeShells

Royalty RevenueProvides upside to higher gold pricesBacked by 8 Moz reserves and 25 Moz resources

PrivateMicro-cap

Seed financingsActive role in management & BODSupport financially in early stages

Active Investment+100%

From initial investment

+10% pa

+ Warrants

$2.0M -$2.5M

pa

Targets

TSX:AAB

Source high potential resource deal

“Seed financing”

AAB provides managed risk capital

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Develop business plan

Build management team/BOD

AAB acts as care taker management

Identify capital requirements

Early-stage (pre-IPO) financing

AAB participates

Execute business plan

GO PUBLIC

Actively creating value for shareholders

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Aberdeen’s recent success:

$0.26

$1.49

$0.48Avg Cost$0.20

$1.42

$0.52Avg Cost

Forbes & Manhattan success:

3,750% return in 4 years 4,500% return in 3 years

Desert Sun Mining (Gold) Consolidated Thompson (Iron Ore)

$735M sale price to Yamana Gold Production commenced Q1 2010

$0.14

$1.02

$0.34Avg Cost

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Gold Royalties

Equity Portfolio

Cash

1% gold NSR

Buffelsfontein Mine(Simmers & Jack)Mine Waste Solutions(First Uranium)

8 Moz reserves

25 Moz resources

US$2.2MCurrent net over next 12 months

C$41.9M

Value of top 5 holdings(Oct 31, 2010):

1. Sulliden Gold2. Crocodile Gold 3. Temujin Mining (PVT)

4. Forbes Coal5. Avion Gold

20other investmentsAgricultureOil & GasMining

C$1-5M

Always evaluating new investments. Typical entry point:

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Asset Class

Cash

Public Equities

Private Gold & Precious Metals

Public Equities & Warrants By Commodity

*July 31, 2010

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GOLD

METALS

BULK COMMODITIES

AGRI MINERALS

ENERGY

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F&M “Forbes” Coal

Export grade coal from two mines, producing 0.5 million tonnes per year saleable

Excellent infrastructure close to ports Can TRIPLE production in 2-3 years, strong financial position Diverse product lines – both thermal and metallurgical markets Future growth projects in Southern Africa Public listing completed in September (FMC-TSX)

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Temujin Mining World class licenses covering 3 of the most

exciting advanced projects on Oyu Tolgoi copper-gold belt in Mongolia

80 km strike length of strong copper and gold anomalies on 6 licenses

Limited drilling, no work done since 2005, vastly improved geopolitical climate

Drilling started August 2010 - $1.5 MM program underway

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Aberdeen’s recent success:

$0.70M

$1.61M

$0.71M

$3.86M

Cost base $0.26

Current Price $0.60

Cost base $0.11

Current Price $0.60

Performance Shares Vested

Performance Shares Vested

Performance Shares Vested

$2.64M

$5.37M

$2.64M

$8.84M

Cost base $1.55

Current Price $2.80

Cost base $0.94

Current Price $2.80

$0.15M $0.91M $0.90M

$5.39M

Cost base $0.10

Current

Current Price $0.60

Cost base $0.10

Current Price $0.60

Current Current

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Portfolio Leveraged To Gold And Junior Market

Private Holdings To Deliver And Unlock Value Forbes Coal listed in September Amazon Potash to spin off three companies (Aguia, Potash Atlantico,

Brazil Potash) Two expected to be public by year-end

Additional pleasant surprises coming from other holdings Temujin now drilling, will continue to incubate for huge potential

Gold holdings have performed exceptionally well since August. (SUE up 106% in 3 months)

Large warrant positions provide additional leverage We do not manage the portfolio for the short-term! Exceptional upside as markets improve and companies execute

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Investor Relations

Business Growth

World-class website (Launched August, 2010) New focus by management to market our great story and our

successes/resource investment outsourcing Focus on retail and small/generalist institutions

Vesting of performance shares/warrants More success expected from pre-IPO investments JV funds to accretively accumulate assets – ‘early days’

Corporate Activity Continue share buy-back Result from Simmer & Jack litigation

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Share Structure Major Shareholders

Management & DirectorsRAB CapitalTop GoldUS Global

14%

Shareholders’ Equity (Q2) = $1.12/share*

Share Price (Nov 12, 2010) $0.61 Market Capitalization $52.1M 52 week High/Low $0.65/$0.32

TSX:AABShares Issued & Outstanding 86.8MWarrants (Exercise price $1.00, Expiry Date June 6, 2012)

37.5M

Options 8.5MFully Diluted 132.9M

*Q3 Shareholder Equity to be released Dec 15th

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George Faught, C.A. Chief Executive Officer

David Stein, CFA, MSc.President & Chief Operating Officer

Ryan PtolomyChief Financial Officer

Advisory Board

Board of Directors

Strong management w ith a DEPTH of experience in the resource sector and a PROVEN track record at building companies from the seed level through to highly successful ex its

Management Team

Bruce HumphreyChairman of Investment Committee

Stan Bharti, P.Eng.Executive Chairman

George Faught, C.A.Director

David Stein, CFA, MSc.Director

Hon. Pierre S. PettigrewDirector

Bernard Wilson, C.A.Director

Mike Hoffman, P.Eng.Director

Jean-Guy Lambert, MBADirector

David SteinPresident & COO416-861-5812dstein@aberdeeninternational.ca

Contact Details

Mike McAllisterInvestor Relations416-309-2134mmcallister@aberdeeninternational.ca

A Forbes & Manhattan Group Company Follow us on Twitter: AberdeenAAB