ACTIVEX LIMITED — Investor Presentation 2008

Mar 16, 2008

ActivEX Limited

Investor Presentation March 2008 Doug Young Managing Director

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Company Profile

• Mineral exploration company focused on gold and copper

• Listed April 2006 raising $3M – over $1M cash at hand

• Landmark joint ventures established with Mitsubishi/Minotaur and Norton Gold Fields

• Drilling recently completed at Prospect Creek, scheduled for Booubyjan and Barambah.

• Significant ground position in Esk Trough area – highly prospective for porphyry gold copper mineralisation.

Capital Structure

• Issued Capital

� Escrowed Shares (April 2008)

� Options (Feb 2009)

� Staff Options (Feb 2011,2012)

� Cash

� Key holders

30,388,722 10,190,220 15,194,361 600,000

$>1M

- MD 26% - MEP 6%

Board of Directors

� Ian Daymond - Chairman Commercial Lawyer, experience with WMC, Hunter Resources, Delta Gold as general counsel, Chairman Copper Range Limited

� Doug Young - Managing Director Geologist, 30 years experience with North, Griffin Group and 20 years as mineral and coal exploration consultant, AIG Councillor

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� Peter Hwang - Non Executive Director

� Paul Crawford - Non Executive Director/ Company Secretary

Key Personnel

Juli Hugenholtz

Senior Geologist

�

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Portfolio
�
Gold and copper/gold focus specialising in
Queensland terranes – projects cover
3505sq. km
�
Large porphyry copper-gold potential at
Booubyjan, Blairmore, Pentland
Cairns
–
88m @ 0.47% Cu, 0.49g/t Au
– Cu/Mo/Au zones, 47m @ 0.9g.t Au Kidston
Townsville
� Epithermal gold/silver mineralisation at Ernest Henry Pentland Charters Towers
Barambah, Prospect Creek Mt Isa Cloncurry
Vera Nancy Mackay
–
1m @ 14.7g/t Au, 385g/t Ag Starra
–
52m @ 2.11g/t Au drill intersection Woodstock Emerald Rockhampton
Longreach
Lake
� Iron Oxide copper-gold potential at Prospect Creek Monduran
Florence Creek Barambah
Cracow Booubyjan
– Charleville Blairmore Gympie
4m @ 3% Cu, 0.3g/t Au
Elginvale Toowoomba
BRISBANE
�
VMS targets developed at Lake
Monduran, Gin Gin
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Joint Ventures

• Strong ground holding 100% ActivEX

• Booubyjan Joint Venture – Minotaur Exploration and Mitsubishi farming in

• Currently ActivEX 100%

• Minotaur earning 51% and Mitsubishi Corp and Mitsubishi Materials Corp earning 24%

• – Incoming parties to spend $2M over 3 years

• Barambah Joint Venture – ActivEX farming in

• Currently Norton Gold Fields 100%

• ActivEX earning 50% by spending $250,000 over two years

• ActivEX can earn 75% by spending a

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Cairns
Kidston
Townsville
Ernest Henry Pentland Charters Towers
Mt Isa Cloncurry
Vera Nancy Mackay
Starra
Woodstock Emerald Rockhampton
Longreach
Lake
Prospect Creek Monduran
Barambah
Cracow Booubyjan
Charleville Blairmore Gympie
Elginvale Toowoomba
BRISBANE
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Esk Trough Projects

� Esk Trough

– Structure bound trough, volcanic arc

� Widespread epithermal and porphyry mineralisation

• Booubyjan JV

• Porphyry style mineralisation

• Coalstoun Lakes

• 80M tonnes @ 0.3% Cu

� Barambah Epithermal

– 40000t mined for 5g/t Au, 50g/t Ag

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Booubyjan - Geology

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• 80 km west of Gympie

• Porphyry Cu-Au prospect in comagmatic Triassic Volcanics

• Composite intrusive centre at intersection of two major structural sets

• Significant previous drilling at Goonuloom suggests large porphyry system

Sefton Dadamarine Goonuloom Stock

• Satellite prospects with little testing – Sefton and Dadamarine

Goonuloom – Geochem/Mag

Hines – 26m @ 0.35% Cu, 0.45g/t Au from 20m

Kakapo – 88m @ 0.47% Cu, 0.49g/t Au from 38m

Kiwi - 14m @ 0.72% Cu, 0.72g/t Au from 16m

White Horse – 38m @ 0.74% Cu, 0.13g/t Au from 20m, strong alteration

Booubyjan Veins

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Copper gold mineralisation in chlorite magnetite alteration

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Multiple sheeted veins

Goonuloom Stock - Targets

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Circular pyritic “shell”

Goonuloom Stock - Targets

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Planned holes to test

– IP anomalies

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Goonuloom Stock - Targets CSAMT target Kiwi

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Subtle IP target Kakapo

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Planned holes to test molybdenum/IP anomalies at Sefton and Dadamarine

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Barambah – Drill Targets

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Barambah Open Pit (7700 ozs)

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Previous mining and shallow drill pattern

�

Prospect Creek - Epithermal Model

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• Gossans West ground level

• arsenic and mercury rich

• associated with alunite,

• silicification

• Vera Nancy (2.8M ozs)

• � Cracow (1.2M ozs)

• � Prairie Creek ground level

- gold rich

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Gossans West
Target zone
Prairie Creek
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Prospect Creek - Geochem

• Found by gold stream sampling

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• Prairie Creek Prospect – highly gold anomalous streams

• Geochemistry has identified numerous anomalies

• Only limited drilling which did not test peak geochem anomaly and is open ended

• Gossans West Prospect – highly arsenic anomalous rocks

� Alteration pipes indicative of upper portion of epithermal system

Prairie Creek - Geochem

� Grid soils by CRA in 1990s � Extension lines to check north trends � Anomalous zone 200m wide found � Highest gold values in soils to date – 5g/t Au � Drilling tested two zones � Stockwork veining and

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Prairie Creek - Drill Section

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18m @ 1.75ppm Au 10m @ 3.99ppm Au 16m @ 1.35ppm Au 52m @ 2.11ppm Au 6m @ 6.55ppm Au 26m @ 0.32ppm Au 10m @ 3.2ppm Au Highlights 34m @ 0.45ppm Au � 52m @ 2.11g/t Au - incl 10m @ 3.2g/t Au - and 6m @ 6.55g/t Au 8m @ 2.05ppm Au � Quartz epidote vein sets occur in all host rocks → depth potential � Peak geochem anomaly

Gossans West - Geochem

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• Only one hole previously drilled

• 24 alteration pipes found and sampled

• Anomalous in arsenic, mercury, antimony – weakly gold anomalous

• Three key pipes drill tested

• Strong zones of clay silica pyrite alteration intersected - confirms high

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Lake Monduran - Summary

• 55 km north west of Bundaberg

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• 42 sub-block granted EPM

• Good logistics

� Known molybdenum mineralisation in altered granites associated � Minor drilling in 1970’s

54m @ 317ppm Mo, little gold testing

• Lead and zinc in streams define Pinnacles prospect

• Drilling only on one section – broad zinc intercepts

126m @ 1% Zn

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Native Dog Prospect

� Zone of old tungsten/molybdenum workings in altered granite

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Molybdenum soil geochem zone 2km long

Awarded government funding

Pinnacle Prospect

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• VMS style target

• Previous drilling on single section

• Intersected 126m @ 1% Zn

• Recent geochem has located high zinc anomalies close to upper contact of volcanic pile

• 5 drill holes planned to test zinc anomalies and IP

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Florence Creek

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� Areas prospective for Iron Oxide style, copper-gold deposits (Ernest Henry (125M tonnes @ 1% Cu and 0.53g/t Au)

� Recent new discoveries at Kalman and Rocklands nearby

Intersections:-

• 4m @ 3% Cu and 0.3g/t Au (Trump)

• 12m @ 2.9% Cu and

• 0.38g/t Au (Florence

Pentland – Target Summary � NE trending gold belts Quartz Hill Porphyry Deadmans Breccias 186m @ 0.13%Cu 10m @ 1.1g/t Au Eight Mile Breccia – Porphyry system

Mt Remarkable Porphyry 47m @ 0.9g/t Au

Mt Remarkable – Norwood

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• Structurally controlled

• demagnetized zone associated with alteration at Mt Remarkable

• Most intense part correlates

• with IP anomalies

• Gold mineralisation

• peripheral to demagnetised zone

• Norwood mag high sits on

• periphery of major interpreted intrusion

Mt Remarkable - IP

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� Drilling has targeted surface geochem - most holes too shallow to intersect IP targets

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-126m21770

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Norwood - IP
ResisitivityResisitivity
Shallow IP anomalies
Drilling has targeted surface geochem F
Mag anomaly
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Project Status

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� Discovery ?
�
Drilling Prospect Ck
Booubyjan,
Barambah
�
Drill targets defined, undergoing Lake Monduran,
cultural heritage clearance
Pentland
� Geophysical surveys Dadamarine
�
Field surveys Ban Ban, Blairmore, Mt Tam,
commenced Westwood, Mt Miner, Oxley
Creek
� Data compilation Florence Creek
commenced
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Forward Program

� Substantial drilling planned for next six month period

• Prospect Creek drilling results awaited

� Booubyjan – drilling to commence in late March followed by Barambah

� Field activities commence in Cloncurry district in April (gravity surveys)

• Drilling planned for Lake Monduran – May-June

Enquiries

ActivEX Limited 117 Quay Street BRISBANE QLD 4000

The information in this presentation that relates to exploration results is based on information compiled by Mr D. I. Young, who is a Fellow of the Australian Institute of Geoscientists and a full time employee of ActivEX Limited. Mr Young has sufficient experience relevant to the styles of mineralisation and types of deposit under consideration and the activities which he is undertaking to qualify as a Competent Person as defined by the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Mr Young consents to the inclusion of his name in this report and to the issue of this report in the form and context in