BRIGHTSTAR RESOURCES LIMITED — AGM Information 2006

Nov 29, 2006

EMERGING GOLD MINER

"A1 Minerals has accumulated 635,000 ounces JORC resources at its 100% owned BrightStar Gold Project. The Project is
currently undergoing a feasibility study for small scale, high-
grade production, which the Company believes will provide a
sustainable cash flow to both fund explo long term development."

$ASX : AAM$ AGM Presentation November 2006

WHO IS A1?

• LISTED DEC 03
• 30 sq km BrightStar Gold Project
• 600 sq km Narnoo Exploration Project
• Directors Michael Hunt, John Williams, Tim Hronsky, Peter Thomas

NOW...

• BrightStar 635koz + Feasibility Study $+500$ sa km
• Narnoo 2000 sq km + Gold and Uranium targets
• Operations/FS Manager Dave Hamlyn
• Plant Engineer Colin Morrow
• Exploration Manager Tony Ryall
• FS Team Michael Nubeiar, Peter O'Brien & Assoc, MPC, Ravensgate

WHAT'S NEXT?

• Production from the BrightStar Gold Project
• Exploration of large ground holding

WHO OB SEE 06/20120AW

MINING THE BRIGHTSTAR GOI D PROJECT

.PFS indicates between \$12M and \$25M EBIT

+635,000oz JORC Resources

• .FS completed to Stage 1
• .Numerous deposits with high grade cores

Approvals mostly completed

•Conventional technology 200,000tpa Gravity/CIL plant,

Starting at Beta then moved to locations along greenstone belt

Photo of an existing Colin Morrow designed transportable plant not owned by A1

BRIGHTSTAR BETA IS HIGH GRADE

FXCELLENT METALLURGICAL PRIMARY RECOVERIES OF BOTH. OXIDE AND PRIMARY ORE

HIGH GRADE PIT FLOOR 14 metres @ 18.5 g/t Au 3 metres @ 58.1 g/t Au 8 metres @ 15.3 g/t Au 8 metres @ 13.3 g/t Au 6 metres @ 13.1 g/t Au 2 metres @ 38.1 g/t Au 2 metres @ 36.1 g/t Au 10 metres @ 7.1 g/t Au 2 metres @ 34.5 g/t Au 9 metres @ 6.6 g/t Au 3 metres @ 19.7 g/t Au 2 metres @ 28.9 g/t Au 7 metres $@$ 8.1 g/t Au

LATEST RC DRILL INTERCEPT 22 METRES @ 28.6 G/T GOLD (Includes 10 metres @ 41.1g/t) From underneath haulage ramp! Less than 40metres below surface

FEASIBILTY UPDATE

• Plant capex \$5.5m
• 16 personnel; 2 week on /1 week off roster
• Stage 1 based on AUD\$800/oz: 226,000t @ 5.0g/t for $38,200$ oz; Cash operating cost \$440/oz

MODULAR TREATMENT PLANT

PROVIDES...

• Cashflow for self funded exploration
• Big cost advantages and risk mitigation from bulk sampling future resources
• Mining increases understanding of geology and grade recovery (re Sunrise Dam case history)
• Reduces drilling
• Fastracks feasibilty studies
• Leverage into further mining opportunities

EXPLORING BRIGHTSTAR'S NORTH LAVERTON GOLD TARGETS

BrightStar Epsilon likely next location for modular treatment plant

NO TREATMENT PLANT NORTH OF LAVERTON

Abundant growth opportunities

BRIGHTSTAR GOLD PROJECT NORTH LAVERTON Regional Geology and Deposits

COUNTY .

'QUARTZ DOLERITE' MORE BRITTLE GRANOPHYRIC UNIT HOSTS WIDER DRILL INTERCEPTS $\triangleright$ POTENTIAL FOR LARGER (5Moz) GOLD DEPOSITS

EG. KALGOORLIE GOLDEN MILE DOLERITE

I.E. At Delta 2, Epsilon 1 and Rosemont

HIGH GRADE QUARTZ DOLERITE AT BRIGHTSTAR DELTA2

Latest RC drill hole in quartz dolerite host rock intercepts 15 metres $@$ 4.4 g/t gold

•Mineralisation appears to be getting bigger with depth

·Indicates underground as well as open pit potential

.What else is hidden under this thin (8 metres) blanket cover?

BRIGHTSTAR DELTA II SECTION 12600N

WIDE QUARTZ DOLERITE AT BRIGHTSTAR EPSILON 1

Best RC drill hole in quartz dolerite host rock intercepts 43 metres @ 2.0 g/t gold

•Potential for large orebody if the grade can be improved with further drilling

•Found by Ashton in the early 1990's

ASX:AAM UPSIDE

• Current Market Cap \$14 million
• Gold Production Could Increase $\bullet$ Market Cap To *\$100+ million
• Big (5Moz) Discovery Could Give
  A Market Cap Of *\$1+ billion
• Risk Mitigated Through: $\bullet$
• A1's Track Record For Adding 200,000JORC ounces p.a.
• Experienced Management Team
• High Grade $\overline{\phantom{a}}$

*BASED ON ENTERPRISE VALUE OF \$100 /OUNCE

SHARES	Currently
Current Issued Capital Ordinary Shares Fully Paid	60,462,649
Subject to voluntary escrow	2,600,000
CURRENTLY TRADEABLE	57,862,469
OPTIONS
Unlisted Options (35 cents / Expire November 2009)	$*9,500,000$
Unlisted Options (40 cents / Expire November 2007)	1,650,000
*Proposed
MARKET CAP AT 23 の月刊工作	\$14 MILLION

DISCLAIMER

This presentation contains certain forward-looking information and forecasts which include without limitation, expectations regarding future performance, costs, production levels or rates, reserves and resources, the financial position of A1 Minerals Limited, industry growth or other trend projections.

Such forecasts and information are not a guarantee of the Company's future performance and include unknown risks and uncertainties in addition to other factors that are beyond A1 Minerals Limited's control.

Accordingly, the actual results and developments may differ from those expressed or implied by these forward looking statements due to a variety of factors.

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.