4DS MEMORY LIMITED — Investor Presentation 2011

Feb 21, 2011

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February 2011

FITZROY RESOURCES Ltd Base Metal Exploration in QLD

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Disclaimer

Certain statements contained in this presentation, including information as to the future financial or operating performance of Fitzroy Resources Ltd and its projects, are forward-looking statements. Such forward-looking statements:

May include, among other things, statements regarding targets, estimates and assumptions in respect of metal production and prices, operating costs and results, capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions;

are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Fitzroy Resources Ltd, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and

involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements.

Fitzroy Resources Ltd disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements.

All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Further information can be found at www.fitzroyresources.com.au

Photos: Top – Gossan close to Develin Creek, Bottom, peperite FW at Develin Creek ….………..>

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Board and Capital Structure

Shares On Issue: Capital Structure – February 2011	Shares On Issue: Capital Structure – February 2011	Corporate 41 million
Unlisted Options:	11 million exercisable @ $0.30c (by	Dec ’13 and Dec ‘15)
Market Capitalisation:	A$9.6 million (@23.5cps)
Cash:		A$4.8 million
Top 20 Shareholders:		50.5%
Board of Directors		Will Dix (MD)
		Tom Henderson
		Ric Vittino
Company Secretary		Simon Robertson

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History

The Story So Far

August 2010 – Incorporation and seed capital raising

September 2010 – Signed SPA with Icon Resources for VHMS Projects in Queensland

December 2010 – Successful $5M IPO capital raising & listing on ASX January 2011 – Acquisition of additional tenement at Rookwood from Kangaroo Metals giving a total landholding of 720 Km[2]

February –March 2011 – Commencement of field work at Rookwood with HELITEM[TM] , diamond drilling and geochemistry

Photos: Top – massive sulphide from the Sulphide City lode at Develin Creek, Bottom, Breccia sulphide from the Scorpion lode at Develin Creek ….………..>

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Projects

Two Projects - Rookwood and GlentannaProjects Develin Creek Resource* Major towns Railway Power lines Port

Regional VHMS endowment Mt Chalmers 1.2Mt @ 2% Cu, 3.5g/t Au, 20g/t Ag Mt Morgan 50Mt @0.7% Cu,4.8 g/t

*Develin Creek Inferred JORC Resource - 1.757Mt @ 1.71% Cu, 2.05% Zn, 8.5 g/t Ag and 0.24 g/t Au.

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Rookwood Project

Prospective for VHMS-style Cu-Au-Zn mineralisation in an under explored terrane.

Rookwood

Tertiary cover immediately adjacent to 1.75Mt resource is unexplored by both effective geophysics and drilling

Absence of any regional geophysics away from the northern part of the tenement

Contains a number of previously identified as yet untested geophysical and geochemical targets.

Large tenement holding – 720Km[2]

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Rookwood Project

No modern (post 1995) geophysics and very OPPORTUNITY little EM at all away from the vicinity of Rookwood the resource Unresolved EM conductor at Tarantula Absence of effective downhole EM on any of the drilling Limited surface geochemistry – only stream sediments Untested multi-element base metal stream sediment anomalies

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3 month exploration program

Rookwood

Wide reaching HELITEM[TM] survey to cover prospective stratigraphy and identify buried massive sulphide bodies Diamond drilling on the edge of the Develin Creek Resource to test extensions and provide a platform for downhole EM

Regional surface geochemistry (ongoing program) to provide a geochemical database of the project

Glentanna

Initial EM at the Grieves Quarry prospect to test for extensions to massive sulphides previously identified in drilling Regional surface geochemistry around the historic Silverwood copper mine

Photo: Silverwood copper mine on the Glentanna project, 2010 ….………..>

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Rookwood HELITEM[TM]

Most powerful airborne EM system available Incredible advancement over the last 5 years Very low signal to noise ratios – clean data High powered enables a greater depth penetration Rapid coverage – entire survey < 10 days Effectively a huge airborne metal detector

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Rookwood HELITEM[TM]

2800 line km program commencing March 1[st] 2011 Program will cover all the known prospective Rookwood volcanics on the tenements Previous petrophysics shows the massive sulphide at Develin Creek is highly conductive Expectation is similar sulphide bodies away from the current resource will be identified Ground based EM will follow up initial HELITEM[TM] targets prior to drilling Processing and interpretation expected to be completed by the end of March

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Develin Creek Drilling

Develin Creek Drilling and EM

OPPORTUNITY Develin Creek The Resource

(1.75Mt @ 1.7% Cu 2% Zn, 0.3g/t Au 8.5g/t Ag)

1 Km

3 lodes make up the 1.75Mt Major footwall alteration zone

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Develin Creek DHEM

Develin Creek Drilling and EM

OPPORTUNITY Develin Creek The Resource

(1.75Mt @ 1.7% Cu 2% Zn, 0.3g/t Au 8.5g/t Ag)

1 Km

3 lodes make up the 1.75Mt

Major footwall alteration zone

DHEM target area

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Surface Geochemistry

2800 l/Km program commencing March 1[st] 2011 Program will cover all the known prospective Rookwood volcanics on the tenements Previous petrophysics shows the massive sulphide at Develin Creek is highly conductive Expectation is that similar sulphide bodies away from the current resource will be identified Follow up will be further ground based EM to better resolve targets then drilling Processing and interpretation expected to be completed by the end of March

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Glentanna Project OPPORTUNITY No geophysics or drilling since 1978 Glentanna Drill hole at Grieves Quarry intersected 12.3m @ 1.2%Cu and 8.9%Zn – NO FOLLOW UP No downhole EM on any of the drilling All drillcore available for re-assay Old workings along the Silverwood Cu trend. Fixed loop EM to commence 4[th] Qtr over Grieves Quarry Interpreted south plunge out of section

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CP Statements

The information in this presentation that relates to Exploration Results is based on information compiled by Mr William Dix who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Dix is a full time employee of Fitzroy. Mr Dix has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves'. Mr Dix consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

Competent Persons Statement

The information in this presentation that relates to Mineral Resources has been compiled by Ms Fleur Muller. Ms Muller, who is a Member of the Australasian Institute of Mining and Metallurgy, is a full time employee of Geostat Services Pty Ltd and produced the Mineral Resource Estimate based on data and geological information supplied by Icon. Ms Muller has sufficient relevant experience to the style of mineralisation and type of deposit under consideration and to the activity that she is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code

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