ACROW LIMITED — Investor Presentation 2011

Jan 18, 2011

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19 [th] January 2011
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Noble Mineral Resouces Broadcast

NOBLE MINERAL RESOURCES LIMITED (NMG) provides the opportunity to listen to an audio broadcast with Wayne Norris, Managing Director in a presentation titled "Noble Mineral Resources: Hits Of Up To 197gpt Pave Way For Significant Resource Upgrade - Wayne Norris, Managing Director" .

To listen , copy the following details into your web browser: brr.com.au/event/ 72791

The presentation relates to an announcement lodged with ASX on 13 January 2011 and details are as follows:

• Noble Mineral Resources: Hits Of Up To 197gpt Pave Way For Significant Resource Upgrade - Wayne Norris, Managing Director

• Presented by Wayne Norris, Managing Director

• Wed, 19 Jan 2011 10:00am AEST

About Noble Mineral Resources Limited

Noble Mineral Resources Limited is an ASX-listed company (ASX Code: NMG) that is exploring for and developing largescale gold deposits in the world-class goldfields of Ghana, West Africa. Production is set to commence at the Company’s flagship Bibiani Gold Project during the second quarter of 2011, ramping up to a stable production rate of +150,000ozpa by 2012 and propelling Noble into the ranks of West Africa’s mid-tier gold producers.

The Bibiani Project is located in the Sefwi-Bibiani Gold Belt in Ghana, which boasts a total gold endowment of more than 30 million ounces and hosts the world-class Ahafo (16Moz) and Chirano (5Moz) gold mines. The Bibiani Project has a current JORC-compliant mineral inventory of 2.0Moz of resources, including 605,000oz of reserves, and a 2.7Mtpa Carbon-in-Leach (CIL) Gold Processing Facility. The Project has a 10-year mine life based on current mining parameters.

An aggressive exploration program is also underway to add substantially to the existing resource base at Bibiani, with recent drilling returning spectacular high-grade results from near mine targets.

In addition to the Bibiani Project, Noble holds the Cape Three Points and Tumentu Gold Projects, both located within the southern extension of the Ashanti Gold Belt.

ASX Code: NMG

www.nobleminres.com.au

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Competent Person’s Statement

The information in this announcement that relates to Mineral Resource and Ore Reserve estimates is based on information compiled by Mr Phillip Schiemer (BSc (Hons), Geology and Geophysics), who is a Corporate Member of the Australasian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists. Mr Schiemer is employed by Noble Mineral Resources Ltd, and has sufficient experience which is relevant to the style of mineralisation being reported herein as Mineral Resources, Ore Reserves and Exploration Results to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr Schiemer consents to the inclusion in this announcement of the matters based on his information in the form and content in which it appears.

Appendix 1 – Proved and Probable Ore Reserves as at March 2010

Bibiani Open Pit Detailed Design Cutback Proved and Probable Ore Reserves – March 2010
	Oxide			Fresh			Fill			Total
	Tonnes	Grade	Ounces	Tonnes	Grade	Ounces	Tonnes	Grade	Ounces	Tonnes	Grade	Ounces
	Mt	G/t	Mozs	Mt	G/t	Mozs	Mt	G/t	Mozs	Mt	G/t	Mozs
Proved	‐	‐	‐	3.45	2.29	0.254	‐	‐	‐	3.454	2.29	0.254
Probable	0.30	1.45	0.014	4.40	2.28	0.323	0.25	1.79	0.014	4.946	2.21	0.351
Total	0.30	1.45	0.014	7.85	2.28	0.577	0.25	1.79	0.014	8.400	2.24	0.605
Derivedfrom Measured and Indicated Mineral Resources using a cut‐off grade of 0.7g/t

Appendix 2 – March 2010 JORC Mineral Resource Estimate

	TONNAGE	GRADE	METAL	CONT'D GOLD
	Tonnes (M)	(Au g/t)	(tonnes Au)	Ounces (M)
Measured	6.56	2.05	13.44	0.43
Indicated	13.37	1.77	23.66	0.76
Inferred	13.06	1.89	24.61	0.79
Total	32.98	1.87	61.7	1.98