red crescent resources investor presentation may 2011

Red Crescent Resources (TSX: RCB)Base Metals Development in TurkeyAlan M Clegg, Executive Chairman & CEO

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This information presentation has been prepared based on information provided by Red Crescent Resources (“RCR” or "Company"). The information contained in this document has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. It is not the intention to provide, and you may not rely on this document as providing, a complete or comprehensive analysis of the Company's financial or trading position or prospects. The information contained herein is subject to change and readers are cautioned not to place undue reliance on forward-looking statements contained in this document. The Company is under no obligation to correct or update any such forward-looking information.

None of the Company nor any of its respective affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with the document. No person is authorized to give any information or to make any representation not contained in this document and, if given or made, should not be relied upon.

This information memorandum is strictly confidential to the recipient and may not be reproduced or redistributed to any other person, including the press or other media. This document is not an offer of securities for sale in the United States or elsewhere. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act 1933, as amended. The Company does not intend to register the securities or conduct a a public offering in the United States. Neither this document nor any copy of it may be taken or transmitted into or distributed, directly or indirectly, in the United States or to any U.S. persons.

Forward Looking Statements

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Capitalize on Turkey’s metals & minerals potential

World class assets

Low cost producer

+Opportunity for asset consolidation

Red Crescent’s Vision

Why Turkey?

1. High potential for base metals

2. Historically inaccessible

3. Favorable investment climate

4. Excellent infrastructure

5. Growing economy

6. 100% doorstep market

Opportunity for modern mining3

China, Bulgaria, Russia, Iran,

Saudi Arabia, UAE

Export

Markets

April – NovemberDrilling Season

Alacer Gold, Aldridge, INMET,

Newmont Mining

Other Listed

Players

Key DepositsCopper, Zinc, Lead, Chrome,

Manganese, Iron Ore

Mining in Turkey

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• Exploration and development of 3 base metal projects:• Hakkari Zinc• Sivas Copper• Tufanbeyli Zinc

Our Primary Focus

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Our Project Locations

Geographic & Mineral Diversification

Hakkari - Zn

Sivas - Cu�

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Tufanbeyli - Zn�

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Initial NI 43-101 2010 - 2.5 Mt

@ 3.3% Zn

Historical Mining of 600kt @ +25% Zn (+30% Zn-equivalent – Zn/Pb/Ag)

Established potential for +50Mt @ +20% Zn equivalent (Zn/Pb/Ag)

Phase 2 program 10,000m for

10Mt @ +15% Zn equivalent

Hakkari Zinc Project

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Acquired Q2 2011

Potential for +300Mt @ +1.5% Cu

Drilling program launched in Q2 2011 (15,000m)

Joint venture with Petmin

launched in Q2

Sivas Copper Project

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Historical mining: 200Kt @ 23% Zn; 12,500m drilled for 3Mt NCR @ 10% Zn

Hakkari Type: MVT Zinc & lead mineralization

Target potential for 2011 drill

program +5Mt @ 10% Zn,

some Pb delineation

Mining & Concentrate

production planned for Q3/Q4

2011

Tufanbeyli Zinc Project

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Competitive Advantages

• Strong reputation for delivery within Turkey’s

government and mining communities

• Key relationships with regional and local contacts

• Key operations and management based in Turkey

• Globally multi-commodity experienced management

team

• Builders of mines – not explorers!

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• 35 years of mining experience

• Expertise in project management

• Focused on Sivas Copper Project

Doug TaylorProject Director & G M

• 25years of mining experience

• Member of Turkey’s Chamber of Geological Engineers

• Focused on Hakkari and Tufanbeyli Zinc projects

Muhannad ArarProject Director & GM

• 30 years of mining experience

• Registered Professional Mining Engineer

• Active on 60+ mining projects with value of US $8B

Alan CleggPresident & CEO

Rick GielCFO

• 25 years of financial and operational experience

• Served as CFO of NiCo Mining

Uygar SaylamProject Manager

• 8 years of mining project experience

• Specialist hydrogeologist with expertise in exploration

geology, permitting, environmental & feasibility studies

Management Team

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$3.7 MNet loss

$0.9 MTotal liabilities

$4.1 MCash & equivalents

Working capital $5.9 M

Fully funded to November 2011

At December 31, 2010

Financial Highlights

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Financial Highlights

• Budget spend* for 2011 ($ millions):

$3.0 $3.5

$2.5


Tufanbeyli Project

Sivas Copper

*Includes working capital and cashflow from operations

Recent Milestones

• 43-101 Initial Resource Estimate for Hakkari• Sivas Copper Project acquisition• Petmin equity financing arrangement • Senior management appointments• Concentrator deployment plan initiated for

Tufanbeyli and Hakkari14

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Q243-101 Report for Tufanbeyli Project

Drilling programs start

Take-off agreement

Q3Phase 2 drilling results for Hakkari

Phase 1 Sivas target ID confirmation

Deploy mobile concentrator (cash flow)

Q4Sivas Phase 1 initial drilling results

Tufanbeyli Phase 2 initial drilling results

Hakkari Phase 2 drilling close out

Upcoming Milestones - 2011

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• Geographic & mineral diversification

• Net cash flow of $5M in 2012

• License acquisition and consolidation

World class assets

Low cost producer

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Long-term Objectives

$33 millionMarket capitalization

$0.37 - $0.9952-week range

82.6 millionShares outstanding

Dec. 31Fiscal year end

$0.40Recent share price (May 17, 2011)

RCBTicker symbol

Listing TSX

Market Data

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• Capitalizing on Turkey’s metals potential• First mover advantage in key areas• 3 base metal projects under exploration• Development with strong potential• Opportunity for asset consolidation• Early cash flow• Lower-cost quartile producer • Potentially world-class assets

RCB’s Investment Summary

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Appendix

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23Porphyry (including Cu and polymetalic) deposits – from Yigit, 2009)


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10%20%

55%

15% Institutions

Insiders

Retail

Petmin

Total shares outstanding: 91 million

Capital Structure

Volcanogenic massive sulfide oresVMS

Million tonsMT

Thousand tonsKt

SilverAg

LeadPb

ZincZn

CopperCu

MVT Mississippi Valley Type

Glossary

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416 815 0700 ext. 243

[email protected] Racanelli

www.redcrescentresources.comWebsite

Alan Clegg

+90 530 662 8964

+27 82 469 8378

[email protected]

Questions

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red crescent resources investor presentation may 2011

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