BRIGHTSTAR RESOURCES LIMITED — AGM Information 2009

Nov 30, 2009

1st December 2009

168,177,842 Ordinary Shares at 30 cents \$50m \$5.0m

AGM PRESENTATION

PRELIMINARY RESULTS OF EXPLORATION DRILLING AT BETA

A1 Minerals Ltd (A1 or the Company) delivered the attached Shareholder Presentation at its Annual General Meeting held yesterday at 4:30pm WST.

The Presentation provides an update on development progress at the BrightStar Project and also announced preliminary results of recent exploration drilling which is underway at the Beta Minesite.

The drilling is being carried out following a grade control programme and assay data is now coming in. Included in the preliminary results are an intercept of 6 metres grading 63 grams/tonne from 6m depth.

This new target is outside of the area of ore reserves and was described by Managing Director John Williams as very encouraging.

The attached Presentation includes additional information in relation to this result and the program being carried out. Assays from the balance of the other drill holes from this programme are expected within the next two weeks.

John Williams

Managing Director – A1 Minerals Limited For full reports and information go to A1 Minerals website: www.a1minerals.com.au or ASX Code: AAM

The information in this report that relates to Exploration Results or Mineral Resources is based on data compiled by Mr John Williams who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Williams has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as Competent Persons as defined in the 2004 Edition of the "Australian Code for Reporting of Mineral Resources and Ore Reserves". Mr Williams has consented to the inclusion in this report of the matters based on information in the form and context in which it appears.

A1 MINERALS LIMITED

2009 AGM PRESENTATION AND MARKET UPDATE

ChairmanMichael Hunt

Managing Director Independent Director John Williams Ross Louthean

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.

Competent Persons Statement

Australian Code for Reporting of Exploration Results, Mineral Resources and Ore ReservesThe JORC Code 2004 Edition

The information in this presentation that relates to the Technical Database, reported Exploration Results and Estimates of Mineral Resources and Ore Reserves is based on information compiled by Mr. John Williams B.Sc. M.Aus.IMM. Mr. Williams has over 20 years experience as ^a geologist in Australia and overseas and is the Managing Director of A1 Minerals Limited. Mr. Williams' expertise and experience is relevant to the style of mineralisation and types of deposits, and mining and extraction techniques being reported in this presentation and to the activity which he is undertaking 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'. Mr. Williams consents to the inclusion in this presentation of the information on in the form and context in which it appears.

A1 Minerals Vision

Through unique knowledge of the Laverton area, A1 has established a Multimillion Ounce Gold Resource and is on its way to becoming a mid-tier producer

A1 Minerals Limited - Corporate

• Company Formed: May 02; ASX Listed: Dec 03 (ASX:AAM)
• Directors: Michael Hunt; John Williams; Ross Louthean
• Cash: \$5 million
• Shares: 168 million
• Market Cap: @ \$0.30 = \$50m
• Major Shareholders:
• John Williams 11%

Sandra Wheeler 7% (Acquisition and Construction of Gold Plant)

Top 20 Shareholders: 39%

The Stockmarket Is Slowly Starting To Recognise A1's Value

Share price comparisons (indexed)

• Feb 09 Increased resources by 70%
• April 09 Maiden ore reserve of 150,000 Ounces
• May 09 Decision to Mine
• All the finance and major regulatory approvals
• Completed refurbishment of its Gold processing plant; and
• Dec 09 On Schedule to pour first gold

A1 Minerals Limited

• Laverton(WA) gold focussed explorer, developer and emerging miner
• Flagship Project: BrightStar Gold Project
• JORC Resources 1.7Moz including150Koz Reserves
• First Gold Production commencing Dec '09
• Growth strategy
• Drilling targets delineated on our own extensive ground holding
• Resource expansion possible
• Production increases to follow

AZTEC PIT

AREA OF NEW MINERALISTION

TSF

MAIN PIT

TREATMENT PLANT

AREA OF NEW MINERALISTION

A1 continues to plan for the future

Production Capacity

A1's fully owned plant will commence production at a rate of 300 ktpa, but is being built in a way that allows for increased capacity to 750 ktpa with minimal investment.

Exploration Upside

• Drilling on Beta continues with additional near surface gold mineralisation currently being found:
• between the pits
• Table shows 6 metres @ 2oz /tonne
• along strike to north and only 100-400m from plant

Australian Gold Mines

Brightstar Gold Project

Controlling ~500 square kilometers of prospectivity

Surrounding Laverton service centre existing road network start-off accommodationregular air services

Brightstar Resources: Alpha, Beta, Gamma, Delta, Epsilon, Eta, Zeta

100% owned gold plant

Beta Plant Site

All of the other producers majority owned by offshore interest

A1 Minerals uniquely placed

Beta Deposit

Latest drilling •6 metres @ 63g/t gold •from 6 metres depth •new zone of mineralisation•outside of current ore reserve

0.8 g/t lower cut-off

Beta Open Pit

• Designed Open Pit
• Total Length 800m
• Depth 90m
• Probable Reserves 350kt @ 4g/t

Potential to go deeper and along strike

Mineral Resources & Ore Reserves Estimates

							Mineral Resource Statement (as at 17 th April 2009)
		Measured			Indicated			Inferred		TOTAL
LOCATION	Tonnes	g/t	Oz.	Tonnes	g/t	Oz.	Tonnes	g/t	Oz	Tonnes	g/t	Oz.
ALPHA	178,900	3.8	21,910	311,900	2.7	26,840	631,400	4.2	85,280	1,122,200	3.7	134,030
BETA	68,900	4.0	8,860	628,900	3.9	77,830	1,064,900	5.2	179,570	1,762,700	4.5	266,260
GAMMA							27,600	3.4	3,000	27,600	3.4	3,000
DELTA				4,152,100	2.3	305,395	3,403,900	3.8	420,079	7,556,000	3.0	725,474
EPSILON				1,774,900	1.8	113,580	1,163,900	2.3	94,000	2,938,800	2.2	207,580
ETA							734,900	3.8	90,040	734,900	3.8	90,040
ZETA
				94,461	5.9	17,890	7,275,960	1.1	269,626	7,370,421	1.2	287,516
TOTAL	247,800	3.9	30,770	6,962,261	2.4	541,535	14,302,560	$2.5^{\circ}$	1,141,595	21,512,621	$2.5^{\circ}$	1,713,900

LOCATION	PROBABLE ORE	IN SITU GOLD (grammes)	GOLD RECOVERY (Ounces)
BRIGHTSTAR ALPHA	74,205t @ 5.1g/t gold	378,445	11,560
BRIGHTSTAR BETA	348,716t @ 4.11g/t gold	1,433,223	43,780
BRIGHTSTAR DELTA	470,000t @ 4.0g/t gold	1,880,000	57,428
BRIGHTSTAR EPSILON	233,133t @ 4.6g/t gold	1,224,211	37,396
TOTAL	1,159,054 @ 4.2g/t Gold		150,163

Rounding of numbers causes some differences in calculations For details refer previous announcements

*

Gold Treatment Plant

• Conventional Carbon-in-Pulp
• Overall Construction +90% Completed
• On schedule (December start)
• Fully funded to production

Tailings Dam Under Construction

• Approval to construct the Tailings Storage Facility) TSF was received from the Department of Mining and Petroleum (DMP) during the September quarter.
• TSF construction underway

Resource Growth - Delta

• Open at Depth +350metres Overall Length +3,200metres
• Typical ore width: 10 metres
• Current Resources: 700koz
• Current Reserves: 57koz
• Further Drilling to

increase resources

ASX:AAM Outlook

• AAM is uniquely placed
• Australia's gold mining output declined over 12 years
• Very few actual Australian Gold Mining Companies
• Probably the only new Gold Company listed on the ASX to commence its First Gold Production (and Cashflow) this and the next quarter.
• Immediate cash flow (with high-grade ore from surface)
• Planning in place for production increases beyond 100koz pa

END OF PRESENTATION

For further informationContact: John WilliamsA1 MINERALS LIMITEDUnit 34, 25 Walters Drive, Osborne Park WA 6017 Telephone (08) 9244 1400 Facsimile (08) 9244 1600 Email info@a1minerals.com.au www.a1minerals.com.au