CENTAURUS METALS LIMITED — Investor Presentation 2008

Sep 28, 2008

ASX Release

29 September 2008

INVESTOR PRESENTATION

Attached is a copy of a presentation which David Richards, Managing Director, is presenting on a roadshow in Brisbane, Sydney and Melbourne during the week beginning 29 September 2008.

David Richards Managing Director

Investor PresentationOctober2008

Corporate Summary

A NewBeginning

S h i a r e s o n s s e u	2 8 6 i l l i m o n ~
M k C t a r e a p	\$ 1 2 i l l i m o n ~
C h a s	\$ 1 1 5 i l l i m o n ~

• \$11.5 million in cash reserves
• Strategic land holdings in world class mining provinces
• Drilling to commence at Percyvale targeting copper, gold and silver
• Boardand Management with strong credentials
• Supportive major shareholder, Kagara Limited (~20%)

Key People

-Experienced and successful Board and Management with proven track record

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

Geoff Clifford/Non-Exec. DirectorAccountant, >30 Years Experience

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

Kevin Seymour/Exploration Manager Geologist, >20 Years Experience

Corporate Objectives

Clearly Defined Objectives

Discover or acquire stand-alone base metal and/or gold deposits

• •Projects located in well endowed but under-explored areas
• • Maintain effective exploration momentum with emphasis on drilling and resourcedefinition

• •Respond quickly to opportunities

• Cash reserves of \$11.5m

• Pro-active acquisition strategy
• Expanded Board and Management Team – Years of experience and good access todeal flow

GrowthFocused

Proactivestrategies in place

Actionstaken

• Acquisition objectives clearly defined
• Expanded geological team
• Consultant appointed in North America to exclusively identify opportunities for Glengarry in that region
• New joint venture opportunities continually being assessed
• Hartleys Limited appointed as Corporate Advisor
• Board of directors strengthened

Priority Projects

WorldClass Mining Provinces

Percyvale

• Defined drill targets
• Multi-commodity potential
• Drilling to commence mid-October2008

Citadel

• Access agreements concluded
• Preparations for Heritage surveys well advanced
• Initial field reconnaissance completed
• Major exploration program planned

Percyvale – Regional Setting

Percyvale – Bernadette Prospect

Percyvale – Maggies Prospect

Citadel Project – Strategic Landholding

Citadel Project – Desert environment

Citadel Project – Regional geophysics

Citadel Project – Defined targets

• • 18priority targets
• • 10,000 metre aircore drilling planned.
• • Previous Magnum intersections up to:
• • 8m @ 4.4% copper -15m@ 14.1g/t gold

ForwardProgram

~\$3,000,000 Exploration Budget

Corporate Objectives

Strategy Unfolding

• Cashreserves of \$11.5 million
• Experienced Board with acquisition strategy in place
• Strong and increasing market for asset transactions
• Wellplaced to exploit new business opportunities
• Fully funded to maintain active exploration program

Disclaimer

Competent Person's Statement

The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by David Richards who is ^a member of the Australian Institute of Geoscientists and Kevin Seymour who is a member of the Australasian Institute of Mining and Metallurgy. David Richards and Kevin Seymour are full time employees of Glengarry Resources Limited. David Richards and Kevin Seymour have sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. David Richards and Kevin Seymour consent to the inclusion in the report of the matters based on their information in the formand context in which it appears.

JORC– Exploration Targets

It is common practice for ^a company to comment on and discuss its exploration in terms of target size and type. The information in this presentation relating to exploration targets should not be misunderstood or misconstrued as an estimate of Mineral Resources or Ore Reserves. Hence the terms Resources(s) or Reserves(s) have not been used in this context. The potential quantity and grade is conceptual in nature, since there has been insufficient work completed to define them beyond exploration targets and that it is uncertain if further exploration will result in the determination of ^a Mineral Resource.

Forward-Looking Statements

This presentation may include forward-looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on ^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 shares in any jurisdiction.