COPPERMOLY LIMITED — Investor Presentation 2009

May 4, 2009

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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

5[th] May 2009

ASX Code: COY

COPPERMOLY ROADSHOW PRESENTATION – MAY 2009

Coppermoly will undertake a roadshow to investors and brokers in Sydney and Melbourne beginning the 5[th] May, 2009.

Attached is the presentation used by the Company’s Managing Director, Mr Peter Swiridiuk.

On behalf of the board,

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Peter Swiridiuk MANAGING DIRECTOR

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

The information in this release that relates to Exploration Results and resource estimate was compiled under the supervision of Peter Swiridiuk, who is a Member of the Australian Institute of Geoscientists and Robert D. McNeil, who is a Fellow of the Australian Institute of Mining and Metallurgy. Peter Swiridiuk is Managing Director and consultant to Coppermoly Ltd and is an employee of Aimex Geophysics. Robert D. McNeil is a non-executive director of Coppermoly Ltd and Chairman of New Guinea Gold Corporation. Peter Swiridiuk and Robert D. McNeil 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 a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (The JORC Code, 2004 Edition). Peter Swiridiuk and Robert D. McNeil consent to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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“Building project value”

Coppermoly is focused on exploring for and developing copper – gold –molybdenum deposits in highly prospective Papua New Guinea. Investor Presentation- May 2009

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• Company Highlights

• Company Objectives

• Mt Nakru Copper - Gold Projects

• Simuku Copper – Molybdenum Project

• Corporate Profile

• Summary

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• Since ASX listing in Jan 2008, major exploration and drilling programmes successfully completed at both Simuku and Mt.Nakru

• Three large, advanced and well defined copper-molybdenum-gold systems

• Inferred Mineral Resource of 200 million tones at 0.47% copper equivalent* (0.3% cut-off) at Simuku

• High-grade primary and secondary mineralised zones at Simuku (0.7 to 1.0% Cu)

• High grade copper prospects at Nakru-1 and Nakru-2

• Drill highlights include 27.7m at 1.90% including 6.7m at 3.8% copper.

• Trench highlights include 19m grading 4.3% copper and 18m grading 0.92% copper + 0.46g/t gold.

• Geophysical results at Mt.Nakru indicate large anomalies related to significant copper and gold grades yet to be fully tested by drilling.

• Coppermoly is exploring in an excellent geological environment

• PNG hosts large copper-gold-molybdenum ore bodies and deposits

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Papua New Guinea

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• Road access to both projects.

• Deep water port at provincial capital of Kimbe.

• Good local infrastructure and relatively easy logistics.

• • Topography not extreme (200m to 800m elevation)

• Landowners work on projects

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• Build project value through:

– Simuku Project: Undertake further drilling to expand the estimated resource, delineate the areas of higher grade copper and then commence a pre-feasibility study.

• Mt Nakru Project: Undertake resource drilling at Nakru-1 and Nakru2 to expand on high grade copper zones and drill test associated geophysical targets.

• Seek funding from strategic investors and/or joint venture partners to further develop our copper-molybdenum-gold assets.

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New Britain – New Copper-Molybdenum Province

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Seven new diamond drill Nakru Drill & Trench Results holes completed in 2008

Nineteen Drill Holes Completed

• 74m at 0.78% copper

• 27.7m at 1.90% copper including 6.7m at 3.80% copper

• 205m at 0.4% copper

Ten kilometers of bulldozer trenching

• 19m at 4.3% copper

• 4m at 6.6% copper

• 205m at 0.8 g/t gold

• 55m at 4.79 g/t gold

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Nakru Copper-Gold Project

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Drillhole NAK017: Sulphides at 30m depth with 28.4m at 1.10% copper and 0.27 g/t gold beneath a gold Oxide Zone where NAK16 intersected 17m at 0.58 g/t . gold

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17m at 0.58 g/t
Au MAJOR
0.11 % Cu
UNTESTED
Oxide Zone TARGET
Au + Mo + As +
Ag, Pb, Zn, Te
16m at 0.74 g/t Au
0.14 % Cu
61m at 0.32 g/t
Au
Supergene Copper
Enrichment Zone
28m at 0.27 g/t
Au
5m at 1.2 g/t Au1.1 % Cu
2.1 % Cu
11m at .33 g/t
Au
0.62 % Cu
Nakru 1,
N – S Drill Section
Schematic Plan
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Nakru 1
Interpreted Chargeability (ms) - sulphide mineralisation
Section 10
MT. NAKRU NEW
UNTESTED
DRILLED
TARGET
AREA
NAK001
NAK017
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• Plan view of Chargeability target largely un-tested by drilling

Nakru 1 (right) and Nakru2 (left) 3D Geophysics

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• Large 700m diameter area of surface mineralisation • First ever two diamond drill hole completed

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Trench Nakru 2,
88m at 1.2% Cu, 0.33 g/t Au
19.9% Cu sample in trench Massive Copper
Sulphide
Sulphides near surface
6.7m at 3.8% Cu breccia
0.19 g/t Au outcrop
1.66% Zn 7m at 3.36% Cu
9.5 g/t Ag 0.19 g/t Au
37.6 ppm Mo 2.0% Zn
11.4 g/t Ag
57 ppm Mo
21m at 0.83% Cu
NAK200
2
112.5m
9m at 0.53% Cu
3m at 1.41% Cu
NAK200
1
299.8m
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Surface Profile

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(ms)
25
MAJOR 20
TARGET 15
AREAS 10
3D – IP Chargeability Profile
5
250m depth slice
6.7m at 3.8% Cu
7m at 3.36% Cu
0.19 g/t Au
0.19 g/t Au
1.66% Zn
2.0 % Zn
9.5g/t Ag
11.4 g/t Ag
37.6 ppm Mo
57 ppm Mo
73m at 0.96 % Cu
52m at 1.2 % Cu
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Nakru Exploration Schedule July/August 2009 Commence Further Drilling May 2009 Review Exploration Strategy MovingForward January/March 2009 Evaluate all results November 2008 Release AssayInformation September 2008 Geophysical surveys August-October 2008 Trenchingcompleted June-August 2008 Set-upcamps June 2008 Track access completed May2008 Heavymachinerycommissioned May2008 Landowner negotiations completed Date Task

Coppermoly Projects: Simuku

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• Inferred Mineral Resource of 200 million tones at 0.47% copper equivalent* (0.36%Cu) defined in one third of known surface copper mineralisation

• • Yandera Indicated Resource 527 million tonnes at 0.38% copper equivalent (0.28% Cu, 104ppm Mo)

• One hour drive from deep water port

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Simuku Project
Mineralised System within a
15 km diameter volcanic rim
Elevation 300m Elevation 2000m
PANGUNA OK TEDI
COPPER GOLD COPPER GOLD
SYSTEM SYSTEM
Elevation 300m
944Mt at 0.48% 663Mt at 0.76%
Copper, 0.56g/t Gold Copper and 0.85g/t
and 3g/t Silver(1972) Gold (2003)
Simuku Geochemical zones
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Drilling Results (31 diamond holes)

• 117m at 0.61% copper

• Surface Enrichment

• Tobarum :18m horizon of 0.84% copper

• Nayam: 12m horizon of 0.62% copper

• Primary Copper Zone

• 56m at 0.77% copper at 240m depth

• Molybdenum Zone

• 14m at 0.41% molybdenum

Trench Results – 28 kilometres

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

• 200m at 0.75% copper

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TALELUMAS GOLD SYSTEM

• Mt Talelumas: 5m at 5.0 g/t gold in trench

• • Daluavu River: 3.56 g/t gold in quartz vein

KULU COPPER - GOLD SYSTEM

• Isme Creek: 0.77 g/t gold, 0.33% copper, 1.6% zinc

• • Rapilli: 6 drillholes, primary copper of 0.2%

• • Rapisme: 0.7 g/t gold, 0.1% copper in outcrop

• • Miwayuen Ck: 3.7 g/t gold, 0.6% copper

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Simuku Exploration Schedule	Simuku Exploration Schedule	Simuku Exploration Schedule	Simuku Exploration Schedule
		Task	Date
		Staffingarranged	February2008
		Heavy machinery and vehicles	March 2008
		commissioned
		Track access begins	March 2008
		Drilling/Trenchingbegins	April 2008
		Additional drillingrigs commissioned	June 2008
		Releasingassayinformation	July2008 – March 2009
		Re-evaluate all information/ Calculate	March / April 2009
		resource
		Review Exploration Strategy Moving	April / May 2009
		Forward
		IdentifyInvestor Potential	April - June 2009

Peter McNeil – Non Executive Chairman , (26 years experience with 23 years in PNG). Managed exploration on projects since 1988.

Peter Swiridiuk – Managing Director, (18 years experience). Middle East, Mexico, PNG, Solomon Islands, Cyprus and Australian copper.

Bob McNeil – Non Executive Director, (46 years industry experience). Chairman of NGG, Frontier Resources and Golden Tiger Resources. Managerial exploration and mining expertise (Sinivit Gold Mine).

Dal Brynelsen – Non Executive Director , CEO of Vangold Resources, Pacific Kanon Gold and Director of Griffin Mining. Strong North America connections.

Ces Iewago – Non Executive Director in PNG. Expertise in investment banking. Director of NGG.

Maurice Gannon – Company Secretary, BSc, FCIS, AFAIM, MAusIMM, twenty years experience in business and financial management.

. Experienced On-Site Kimbe Geological Team

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	Corporate Overview 110,920,065 Fully Diluted Shares on issue $5.5M Market Cap – Fully Diluted 20,503,822 Listed Options (30cents/April 2011) COYO 81.5% Top 20 Shareholders $0.8M Cash at Bank $4.1M Market Capitalisation 5 cents Share Price 8,400,955 Unlisted Options (Director’s and Employees) 82,015,288 Shares on Issue Code: COY Listed on ASX January 2008 (Raised $8M)

• Excellent Board and management team focused on building project value

• Large copper, gold and molybdenum systems in highly prospective and producing region

• Highly significant assay and exploration results that demonstrate excellent high-grade primary and secondary mineralised zones at three prospect areas

• Inferred Mineral Resource of 200 million tones at 0.47% copper equivalent* defined at Simuku

• Future exploration will further quantify and enhance these promising mineral deposits.

• Excellent geological environment, infrastructure and land owner relations

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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 a consultant to Coppermoly Ltd.

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 Persons 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 their information in the form and context in which it appears.

Please consult Coppermoly Limited for more detailed information.

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• 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.

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