CUFE LTD — AGM Information 2007

Dec 18, 2007

ANNUAL GENERAL MEETING 19[th] DECEMBER 2007 SU R FACE EXPLORATION

EXPLORATION HIGHLIGHTS, 2007

• ►DISCOVERY OF NEW MINERALISATION SYSTEM AT MT SCOTCHY

• ►LAUNCHING OF THE MARYBOROUGH BASIN INITIATIVE

• ►ONGOING EXPLORATION IN THE GYMPIE GOLDFIELD AND REGION

MT SCOTCHY - WHERE IS IT?

► 25km NW of Gympie, SE QLD

► Very close to highway, rail and other infrastructure

• Freehold land

LOOKS LIKE…

MT SCOTCHY

DISCOVERY ZONE (LOOKING NORTH) TREND 2 TO BRECCIA ZONE (LOOKING

WHAT’S THE STORY?

• Initial generative phase

• Planning and effective geochemical prospecting

► Follow-up work with continuing growth/ new targets

► Currently at prospect evaluation and drill stages with ongoing regional sampling

DRILLING

TARGET RANKING

GEOPHYSICAL SURVEYING

INITIAL DRILL TESTING

TRENCHING

FOLLOW-UP GEOCHEMISTRY

SURFACE PROSPECTING

INITIAL GEOCHEMICAL PROSPECTING PLANNING/PERMITTING

MODEL GENERATION/DATA REVIEW

RESULTS TO DATE

• Composite rock chips to 28.0g/t Au, 769g/t Ag, 10.3% Pb

• Trenching results to 3.50m at 3.1g/t Au, 153g/t Ag and 2.9% Pb

• Initial RC testing – 14 holes for 1348m. M ultiple sulphide intersections in each hole

• Still growing the project and defining new targets

WHAT HAVE WE ACHIEVED SO FAR?

• Rapidly developed a target, followed up with results in first area to be explored

• ► Discovered previously unrecognised mineralisation style in an under-explored terrain

• Supported discovery by trenching an d drilling – not just a narrow vein gossan but a large alteration system

• ► Continued to define further

95% massive sulphide vein MSRC11, 37-38m

WHAT ARE WE DOING NEXT?

► PRIORITY – LEARN SYSTEM ARCHITECTURE

• Mineralogical study

• Structural attributes

• Alteration mapping and zoning

► Geophysical techniques (ground magnetics, IP survey)

• Ongoing sampling and trenching of new targets

MARYBOROUGH BASIN INITIATIVE

• Mt Scotchy was the “key” discovery

• Major exploration drive into the under-explored Maryborough Basin

  • Potential for numerous volcanic-related Au and polymetallic targets

• 9 EPMs, ~2500km2 of tenure

LOOKS LIKE…

• ►Under review and planning

►Initial field work planned 1 [st] Quarter 2008

SUMMARY

• ►Mt Scotchy rapidly progressing – the main project for 1[st] Quarter ‘08

• on

• Maryborough Basin Initiative underway – the ground 1[st] Quarter ‘08

• ► Continued analysis of the Goldfield and regional

THANK YOU

MT SCOTCHY MARYBOROUGH BASIN