CENTAURUS METALS LIMITED — AGM Information 2007

Nov 19, 2007

20 November 2007

Company Announcements Office Australian Securities Exchange Limited by e-Lodgement Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

2007 AGM PRESENTATION

Attached please find a copy of a presentation which David Richards, Managing Director, is presenting to the 2007 Annual General Meeting to be held on Tuesday 20 November 2007 at 10.00 am.

Yours faithfully

David Richards Managing Director

GLENGARR

Annual General Meeting 20 November 2007

Key People - Glengarry Resources

-Experienced and successful

David Richards/Managing Director Geologist, >20 Years Experience

Keith McKay/Non-Exec. Chairman Geologist, >30 Years Experience

Bill Manning/Non-Exec. Director Lawyer, >30 Years Experience

Kevin Seymour/Exploration Manager –Geologist, >20 Years Experience

Geoff James/CFO-Company Secretary Accountant, >20 Years Experience

Corporate Objectives - Glengarry Resources

-Purpose and focus

Discover or acquire stand-alone base metal, gold or uranium deposit.

• • Projects located in well endowed but under-explored areas of Australia.
• 5 wholly owned, quality projects in hand.
• • Maintain effective exploration momentum with emphasis on drilling and resource definition.
• Multiple drill targets defined
• Resource definition in progress at Maitland

• \$4,000,000 pa exploration budget

Corporate Objectives - Glengarry Resources

-Purpose and focus

• …….transition to a successful miner.
• Prioritiseprospects with stand alone potential
• Prioritise evaluation of resources with economic potential (eg Maitland)
• Timely completion of metallurgical, geotechnical, environmental andrelated studies
• Timely development and production decisions.
• Maximise returns to shareholders.
• Share price increase through exploration success Dividends fromprofitable mining.

2007Highlights - Glengarry Resources

-Increasing value

High grade copper mineralisation confirmed at Maitland– resource drilling in progress

300% increase in share price and market capitalisation.

400% increase in financial resources – sufficient funding for 2 years.

Small Oasis uraniumdeposit sold for \$5,000,000 .

Kagara Zinc becomes substantial shareholder.

Priority Project – Greenvale, North Queensland

MaitlandLong Section – Pre resource definition

Greenvale– Maitland Southern Shoot – Drill Sections

MaitlandLong Section – Resource drilling

OtherProjects - Glengarry Resources

Citadel Project – Strategic Landholding

RumJungle – Acacia North Prospect (Gold)

Glengarry Resources – The Way Ahead

MaitlandCu-Mo Deposit

• Resource definition and related completed by Q2 2008.
• Mine ready within 2 years.
• Potential to increase resource base.

Kagara Association

• Logistical support and milling infrastructure.
• Commercial options not restricted.

WellFunded

• >\$6,000,000 cash.
• >\$3,000,000 investments.

Strategic Land Holdings in World Class Mining Provinces

• Prospect pipeline.
• AustralianFocussed

Good infrastructure/Low sovereign risk.