INVESTMENT HIGHLIGHTS

• 2009 production expected to increase up to 40% to 100,000 ounces
• Cash flow from operating activities of $17.6M in H1 2009
• Goal to increase M&I resources to 4 M oz by 2011
• Positive feasibility study announces potential for a fourth mine

HASSAI PROPERTY HIGHTLIGHTS

• 1,089,500 ounces of gold in inferred resources (435,800 attributable to La Mancha)
• 132,640 ounces of gold in indicated resources (53,050 attributable to La Mancha)
• 279,000 tonnes of copper in inferred resources (111,600 tonnes attributable to La Mancha) and 36,800 tonnes of copper in indicated resources (14,720 tonnes attributable to La Mancha)
• A large part of the resource appears accessible by open pit mining method
• 54,000 ounces of additional gold resources in the oxide zone

ABOUT THE HASSAI MINE

The Hassai mine is located in the Red Sea Hills desert of northeastern Sudan, some 450 km from Khartoum. Inaugurated in 1992, it is Sudan's first and only gold mine in production. Twelve pits have been mined over the years, generating a cumulative production of more than 2.1 million ounces of gold. La Mancha owns 40% of the mine through a subsidiary and is the mine operator. The Hassai exploration licenses effectively encompass the entire geological district that extends over 24,000 square kilometres. The Hassai mine exploration budget is expected to reach $6.44 million in 2009 ($2.57 million attributable to La Mancha), distributed among several gold targets (quartz, SBR and tailings) and VMS targets.

La Mancha operates three gold mines, with production strategically distributed between Africa and Australia, and is actively developing an advanced project in Australia. In 2008, the Company began to reap the benefits of upgrading and re-launching the producing mines inherited in 2006. Cash costs per ounce combined of the African operation s have started to decrease and the Company has been generating positive cash flows since the third quarter of 2008. In 2008, consolidated gold production increased by 33% compared to 2007 to reach 71,550 ounces. In 2009, we expect to further increase our production to up to 100,000 ounces of gold, thanks mainly to the first full year of production at Frog's Leg. The two African mines are also expected to produce more gold from optimized operations and higher grades at our new Mount Ity pit in Côte d'Ivoire. The Company's resource base jumped by 34% from 1.3 million ounces to almost 1.8 million ounces of gold due to very successful exploration activities during 2008. La Mancha intends to further grow its resources to 4.0 million ounces by the end of 2011.