COPPERMOLY LIMITED — Investor Presentation 2009

Dec 2, 2009

ADDRESS PHONE PO Box 6965 +61(07) 5592 1001 Gold Coast Mail Centre FAX Qld 9726 Australia+61 (07) 5592 1011

EMAIL ABN 54 126 490 855 info@coppermoly.com.au WEBSITE www.coppermoly.com.au

ASX Announcement

3rd December 2009 ASX Code: COY

ROADSHOW PRESENTATIONS TO INVESTORS

A roadshow is planned to begin on Tuesday 8th December 2009 with presentations in Adelaide, Melbourne and Sydney. These presentations will provide our investors with an update on the projects, the progress of the Barrick farm-in and the future plans of the Company. A presentation will also be given at the '20:20 Investor Series' at 2pm on 10th December at the Amora Jamison Hotel, Sydney. Attached is a two page "snapshot" of the Company profile and the Powerpoint presentation to be used during the roadshow.

"As a result of a successful rights issue and placement of shortfall we now have sufficient funds and quite a number of new investors. In addition, the Barrick deal provides the project funding required to move our copper-molybdenum-gold projects to an advanced stage more quickly than we could have done on our own. With about \$2.8 million dollars in cash we can continue to apply our exploration methodology on new projects", said Managing Director, Peter Swiridiuk.

Over the past two years, Coppermoly has been able to complete drilling, surface trenching, sampling and geophysical programmes on its projects (Refer to Figure 1) to a stage where their potential value was recognised by a number of major mining companies. The recently announced agreement with Barrick allows them to earn up to a 72% interest in the projects by spending \$20 million. Once this is achieved, Coppermoly will retain a 28% interest in assets with significantly enhanced values.

Coppermoly Ltd remains focused on exploring for copper-gold-molybdenum and gold deposits on the island of New Britain in Papua New Guinea. It currently holds title to three Exploration Licences EL 1077 (Simuku), EL 1043 (Mt. Nakru) and EL 1445 (Talelumas) covering 170 km² which are a few hours drive away from the Provincial Capital of Kimbe, which has an airport and an operating deep water port.

On behalf of the board,

Peter Swiridiuk MANAGING DIRECTOR

For further information please contact Peter Swiridiuk on (07) 5592 1001 or visit www.coppermoly.com.au.

Kc/ps044.09

Top Five Shareholders	% Shares
LISTED OPTIONS	44 million
SHARES ON ISSUE	137 million
52 WEEK HIGH	19 cents
MARKET CAPITALISATION	\$21.3 million
LAST PRICE	15.5 cents
ASX CODE	COY

New Guinea Gold Corporation	21.49%
Pacific Kanon Gold Corporation	7.67%
AurionGold Limited (Barrick)	4.60%
Citicorp Nominees	3.29%
Yeaman Nominees Pty Ltd	2.52%

\$2,800,000
\$520,000
\$5,700,000
40,000
\$5,660,000

"20:20 Investor Series"

Ability to attract major funding through an agreement with Barrick, one of the world's largest mining companies, to build project value.

Coppermoly is focused on exploring for copper and gold deposits in highly prospective Papua New Guinea.

Investor Presentation - December 2009

Presentation Summary

• •Company Highlights and Objectives
• •Mt Nakru Copper – Gold Projects
• •Simuku Copper – Molybdenum Project
• •Talelumas Copper – Gold Project
• •Corporate Profile and Summary

Company Highlights

• •Major drilling programmes since ASX listing in 2008
• •Earn-in of 72% by Barrick by spending A\$20m funding on exploration
• • Nakru: Two copper systems associated with large geophysical targets yet to be fully drill tested
• •Drilling: 6.7m at 3.8% copper at 25m depth
• •Trenching: 19m at 4.3% copper at surface
• • Simuku: Maiden Inferred Mineral Resource of 200 million tonnes at 0.47% copper equivalent* with near surface secondary copper enrichment (0.7 to 1.0%) yet to be fully defined by drilling
• •Good local infrastructure supported by a large oil palm industry
• •Good landowner relations

Papua New Guinea

Excellent Locations for Development which have attracted a Major Funding Partner in Barrick

• •Vehicle access to both projects
• •Deep water port at provincial capital of Kimbe
• •Good local infrastructure and relatively easy logistics
• •Large scale oil palm industry near Kimbe
• •Topography not extreme (200m to 800m elevation)
• •Landowners work on projects

New Britain Island– Copper-Molybdenum-Gold Province

Nakru Copper - Gold Project

Nineteen Drill Holes Completed

• ¾ 74m grading 0.78% copper
• ¾ 6.7m grading 3.80% copper

Seven Holes Drilled by Coppermoly Barrick to re-commence drilling in first quarter 2010

Ten kilometers of bulldozer trenching

• ¾ 19m at 4.3% copper
• ¾ 4m at 6.6% copper
• ¾ 55m at 4.79 g/t gold

Nakru 1 and 2 Drilling and Geophysics

Nakru 2 Breccia/VHMS System

• Large 700m diameter area of surface mineralisation

• First ever two diamond drill holes completed in 2008 by Coppermoly targeting trench and geophysics results

Nakru 2

Drilling to evaluate Geophysics and High Grade Copper Zones

Nakru 2 Chargeability Nakru 1 Chargeability

Nakru 1 Breccia/VHMS System Cross-Section of Chargeability (ms) - sulphide mineralisation

Simuku / Talelumas Project

Simuku Porphyry Copper Mineralisation Footprint

Simuku Copper-Molybdenum Deposit

• • Inferred Mineral Resource of 200 Mt at 0.47% copper equivalent* (cut-off 0.3% Cu.Eq) including 80 Mt at 0.58% copper equivalent* (cut-off 0.5% Cu.Eq)
• • Maiden Inferred Resource defined in only one third of the mineralised system defined by over 29km trenching and drilling
• • One hour drive from operating deep water port

Simuku and Yandera Copper Systems

Simuku:

• 1. Inferred Resource of 200 million tones at 0.36% copper within one third of system
• 1. 20km from deep water port
• 1. 300m above sea level

Yandera:

• 1. Indicated Resource of 667 million tonnes at 0.33% copper
• 1. 80km from deep water port
• 1. 1700m above sea level

Copper Enrichment and Molybdenum

Copper Enrichment in Top 20 metres

• •Tobarum: 27m thick at 0.74% copper
• •Nayam: 16m thick at 1.0% copper

Molybdenum Horseshoe Prospect

• • Drilling of 14m at 0.41% molybdenum from surface
• •Yet to be fully drill tested

Surface Trench Results

• • 14m at 1.03% copper and 0.26 g/t gold
• •200m at 0.75% copper

Talelumas – EL 1445 Gold and Copper Prospects

Isme Creek Gold Prospect • Geochemistry similar to the Nakru systems

Mt.Misusu Copper Prospect

• • Copper anomalous area of 850 metres by 500 metres
• • Possible extension of Simuku system

Coppermoly: Ability to Achieve Objectives

T k a s	D t a e
\$ O I P R i 8 i l l i a s e s m o n	J 2 0 0 8 a n a r u y
S f f L d i i d i t t t a n o w n e r n e g o a o n s a n a n g	F b -M 2 0 0 8 e r u a r y a y
A i H M h i d l t c q u r e e a v y a c n e r y a n c o m p e e T k r a c a c c e s s	M J 2 0 0 8 a y u n e -
S t e u p c a m p s -	J -A 2 0 0 8 t u n e u g u s
T h i d d i l l i r e n c n g a n r n g	S O b b 2 0 0 8 t t e p e m e r- c o e r
G h i N k t e o p y s c s a a r u	S O b b 2 0 0 8 t t e p e m e r- c o e r
E l d R l E l i R l t t t v a u a e a n e e a s e x p o r a o n e s u s	N b A i l 2 0 0 8 2 0 0 9 t o v e m e r o p r
\$ R i h I R i 2 .1 t t g s s s e o a s e m u	A S b 2 0 0 9 t t g s e p e m e r u u -
P j F d i h h B i k J .V t t r o e c u n n g r o u g a r r c	O b N b 2 0 0 9 t c o e r- o v e m e r
B i k b i E l i A i i i t t t a r r c e g n s x p o r a o n c v e s	F i Q 2 0 1 0 t t r s u a r e r
f R i P j P i l A i i i t t t t e v e w r o e c s o r o e n a c q u s o n	2 0 0 9 2 0 1 0 -

Future Plans

• • Build project value through Barrick Farm - In Arrangement:
• Mt Nakru Project:

Drilling to expand on high grade copper zones and associated geophysical targets.

Simuku Project

Drilling to expand on existing resource and define higher grade primary and secondary mineralisation.

•Apply Coppermoly exploration methodology to new projects

Experienced Board and Management

Peter McNeil – Non Executive Chairman, 23 years experience in PNG.

Peter Swiridiuk – Managing Director, 19 years experience in Exploration in PNG, Middle East, Mexico, Solomon Islands, Cyprus and Australia.

Bob McNeil – Non Executive Director, 46 years experience in mining and exploration.

Dal Brynelsen – Non Executive Director, CEO of Vangold Resources. North America connections.

Ces Iewago – Non Executive Director. BACom, MBA, FAICD, Expertise in PNG banking. Director of NGG. Political and Mining connections in PNG.

Maurice Gannon – Company Secretary, (Alternate Director to Bob McNeil) BSc, FCIS, FAIM, MAusIMM, twenty years experience in business and financial management.

On-Site PNG Administration and Geological Team.

Denis O'Neill – Geological Consultant, over 35 years experience in mining and exploration

Corporate Overview (ASX:COY)

S L i d A X J 2 0 0 8 t s e o n a n a r u y	\$ 8 m
R i h I d S h f l l S b 2 0 0 9 t t t g s s s e a n o r a e p e m e r u	\$ 2 .1 m
C O B i k J i V P ( Y h ) 5 % t t t a r r c o n e n r e a r n e r s s a r e s u	\$ 0 .5 7 m
S h I a r e s o n s s e u	i l l i 1 3 7 m o n
T l L i d O i ( C O Y O d C O Y O A ) t t t o a s e p o n s a n	i l l i 4 4 .2 m o n
O T l U l i d i t t t o a n s e p o n s	i l l i 8 m o n
S h P i a r e r c e	1 3 .5 t c e n s
C M k i l i i t t t a r e a p a s a o n	\$ i l l i 1 8 .5 m o n
C h B k t a s a a n	\$ M 2 .8
S T h h l d l h l d 2 0 t o p a r e o e r s c r r e n o u y	6 2 %

Why invest in Coppermoly?

• •Leverage to a major discovery through Barrick 'Earn-In'
• •Excellent Board and management with PNG experience
• •Large copper, gold and molybdenum systems
• •High-grade primary and secondary mineralised zones
• • Maiden Inferred Mineral Resource of 200 million tones at 0.47% copper equivalent*
• •Drilling by Barrick to further quantify and enhance existing prospects
• •Excellent geological environment and local infrastructure
• •Application of Coppermoly exploration methodology to new projects

Disclaimer

This document is not a disclosure document nor does it constitute the provision of financial product advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information.

The information is provided expressly on the basis that recipients will carry out their own independent inquiries into the matters contained herein and make there own independent decisions about the affairs, financial position or prospects of the Company which reserves the right to update, amend or supplement any information at any time in its absolute discretion.

Competency Statement

The information in this presentation that relates to Exploration Results is based on information compiled by Peter Swiridiuk, who is a Member of the Australian Institute of Geoscientists.

Peter Swiridiuk is a consultant to Coppermoly Ltd and employed by Aimex Geophysics. Peter Swiridiuk has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration 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'. Peter Swiridiuk consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Please consult www.coppermoly.com.au for more detailed information.

Notes:

*Copper Equivalent

• •Mineralisation at Simuku consists of copper, molybdenum, gold and silver.
• •Copper equivalent values have been calculated as (Cu + (7.6 x Mo) + (7818 x Au) + (101.3 x Ag))
• • The copper equivalent* values for intersections are quoted in addition to individual metal values, as they provide the most meaningful comparisons between different drill holes and trenches. The copper equivalent value will vary with the metal prices.
• •All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection)
• • Copper Equivalent* is the contained copper, molybdenum, gold and silver and that are converted to an equal amount of pure copper and summed (based on assays of mineralised rock and actual metal prices). It is used to allow interpretation of the possible theoretical 'value' of mineralised rock, without consideration of the ultimate extractability of any of the metals.
• • Island Arc related porphyry copper–molybdenum–gold–silver deposits such as Simuku typically recover those metals subject to prevailing metal prices and metallurgical characteristics.
• • The ASX requires a metallurgical recovery be specified for each metal, however, no testwork has ever been undertaken at Simuku and recoveries can only be assumed to be typical for Island Arc porphyry copper– molybdenum–gold–silver deposits.
• • It is the Company's opinion that each of the elements included in the metal equivalents calculation has reasonable potential to be recovered if the project proceeds to mining.