Grey Crown: A unique ground floor
gold investment opportunity

Overview

Grey Crown Resources Limited is currently a private gold exploration and mining company focused on the outstanding and as yet unrealized potential for commercial gold development in Uganda.

Grey Crown has implemented a specific sequential plan leading towards an IPO and stock liquidity within the next six to twelve months:

Building on a notable local foundation generated by Busitema Mining and IBI Corporation, and founded in 2007, Grey Crown’s strong fundamentals will enable it to realize a compelling opportunity to become the leading commercial organization in the exploration and development of gold in Uganda.

Grey Crown’s Superior Positioning
Grey Crown possesses unique advantages and positioning for the accomplishment of its mission. Moving forward on a solid cornerstone enabled by the purchase of Busitema Mining Cie Ltd., including substantial development and refurbishment work Busitema accomplished at the Tira Gold Mine, Grey Crown has aggressively accumulated an outstanding gold-prospective regional land bank in the last six months.

A New Class of Junior Gold Company
Grey Crown is a “new generation” junior exploration company in that it is vertically integrated with a gold mining production underpinning that will provide steady cash flow. This cash will supplement the capital to be raised in public markets for exploration, and development, and also for further refurbishment and expansion at the Tira Mine.

Cash flow from the mine is anticipated to increase significantly and become more predictable with the planned production throughput improvements at Tira. By contrast, many junior companies explore for years without finding a commercially viable gold deposit, and then drift off into the “sunset”.

Proving of Reserves on the Regional Exploration Play
One of the Company’s key priorities is to add value as soon as possible by proving up reserves on its 11 Busia area exploration licenses comprising 1,271 square kilometres through aggressive exploration, including initially proving up reserves on the mine lease area and the EL property on which the mine lease is located. Grey Crown’s recent NI 43-101 Technical Report reveals the excellent gold prospectivity of the Company’s gold properties and provides excellent suggestions for an exploration program to implement this priority.

Strong Gold Price
Grey Crown is well positioned to benefit from an upwardly mobile gold price. The founder and chairman of Barrick Gold, Peter Munk, recently commented that although the rising price of gold is a definite plus for mining companies, production costs are steadily increasing, making profitable recovery in many mining jurisdictions more and more difficult. He also noted that sustainable quality ore bodies are becoming more difficult to find and develop

Uganda’s Outstanding Gold Potential
Fortunately, Grey Crown is mining, exploring for, and developing gold prospects in Uganda – where operating costs are significantly lower than in many other mining jurisdictions. Although Uganda’s extensive mineral base has yet to be systematically explored using modern minerals exploration technology, it is already considered by many experts to be highly prospective for gold, based on earlier historical geological assessments and the current World Bank funded aerial survey.

Exceptional Gold Lands Portfolio
Grey Crown has built a dominant land position in the southeast gold-prospective Greenstone Belt of Uganda. This geological feature is considered to be an extension of the highly productive Tanzanian Greenstone Belt, where major global gold companies, such as Barrick and AngloGold Ashanti, are currently successfully mining gold from 40 million ounces of proven and probable reserves. The Company believes there is an outstanding opportunity to increase Grey Crown’s prospective land position even further.

Experienced Management Team
Grey Crown’s president and COO, Paul Sherwen, is an exceptionally strong asset for the management of the Company. Paul’s extensive mining and business experience in Uganda, his excellent relationships with the government of Uganda and its mining infrastructure, and the fact that he is Chairman of the Uganda Chamber of Mines, are all factors contributing significantly to the accomplishment of Grey Crown’s mission in Uganda.

As Chairman of the Mining Committee within Uganda president Yoweri Museveni’s Presidential Investors’ Roundtable advisory committee, Paul Sherwen is familiar with each significant mining-related development in Uganda. In addition, Paul’s strong connection with the world cycling community through his television work as the leading commentator on the Tour de France and the Olympics cycling racing events will add to the attractiveness of Grey Crown’s story in public markets.

The Grey Crown “Story”
To advance Grey Crown’s story in the investment community, Dennis Mellersh, as director of communications and investor relations, will be implementing a detailed promotional campaign including external investor relations activities. Dennis can be reached at 416-754-4454 for further information on the Company.

Grey Crown also benefits significantly from Uganda’s steadily increasingly reputation as the “Rising Star of Africa” in terms of being a key mining destination. The combination of Uganda’s vast potential mineral wealth and the Uganda’s governments progressive mining investment incentive program add to the attraction of Grey Crown’s story.

As a publicly traded company, Grey Crown will have a substantial springboard for future attention and interest – from the IBI base of 3,000 shareholders, from the keen brokerage firm where there are several avid cyclists as brokers and executives, and from the global cycling community where Paul Sherwen is a well-known personality.

NI 43-101 Technical Report and Uganda Aerial Minerals Survey
Exploration on Grey Crown’s eleven gold properties will be guided by the recently published NI 43-101 technical report principally authored by Grey Crown’s Qualified Person Brian W. Hester P.Eng, MSc., as well as by interpretation of geophysical data from the Government of Uganda’s Airborne Minerals Survey of the country.

Initial interpretation by Grey Crown’s geophysical consultants, Paterson, Grant & Watson, of the survey data from Block 1 of the Survey, in which Grey Crown’s lands are located, is highly encouraging. Based on this interpretation, Grey Crown has commissioned additional tightly focused interpretation as well as ground IP survey follow-up work.

Soil exploration and soil chemistry programs have been completed on certain of the current lands, and additional exploration work of this nature is being planned to help identify targets for more intensive exploration, including potential drilling programs.

Priority Initiatives
Current priority initiatives for Grey Crown include: (1) extending the size of the initial mining lease, both within the current exploration license, and in an adjoining exploration license; (2) establishing proven and probable reserves; (3) increasing Tira Gold Mine production output and cash flow; (4) initiating a cooperative program with nearby artisinal miners; (5) acquiring additional available lands in the Uganda Greenstone Belt; and (6) raising substantial capital for exploration and development and mining operations.