ELEMENT 25 LIMITED — Investor Presentation 2008

Apr 1, 2008

MONTEZUMA MINING COMPANY LTD - INVESTOR UPDATE

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ASX CODE: MZM
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INVESTOR UPDATE – APRIL 2008

Reviving the +million ounce Peak Hill Gold Mine during a period of record gold prices

Montezuma acquired 100% of all Peak Hill tenements from Rio Tinto and Barrick for $1M cash and assumption of approx $0.6M bonds in August 2007.

Peak Hill was last mined in 1997 and was then closed due to the low gold price (average 1997 price: USD$331/oz). It was considered too small by the then owners who acquired the project through the takeover of previous operators Plutonic Operations and North Gold.

MARKET DATA

ASX Code: MZM Share price: $0.115 Shares on issue: 41.29M Market cap (@11.5c): $4.75M Cash at bank: $1.6M 52 week high: $0.36 52 week low: $0.10

BOARD & MANAGEMENT

Record gold prices in excess of USD$1,000/oz mean that Peak Hill now has the potential to be a company making acquisition for Montezuma.

• Million oz high grade gold system with +920,000 oz produced to date

• Existing resources of over 200,000 oz

• Simple, clean entry for under $10 per resource oz

• Multiple exploration targets

• High grade underground and open-cut targets:

• 8m @ 124.22 g/t 3m @ 123.65 g/t 3m @ 270.74 g/t 11m @ 18.96 g/t

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Denis O’Meara - Chairman

AMEC joint Prospector of the Year in 2004 for Wingina Well and associated discoveries by De Grey Mining.

Justin Brown - Managing Director Strong technical and management background. Exploration, resource defi nition and business management experience.

Terry Grammer – Non Executive Director

AMEC joint Prospector of the Year in 2000 for discovering the Cosmos nickel deposit. Founded the successful nickel explorer Western Areas NL.

Ian Cornelius – Non Executive Director

40+ years mining and investment experience. Track record of exploration success.

KEY PROJECTS

PEAK HILL (100%) Gold MT PADBURY (90%) Gold, Manganese, Iron Ore ROBINSON RANGE (70%) Gold, Uranium CALLAWA (100%) Copper, Gold TALGA (90%) Gold, VMS

PO Box 8535 Perth BC WA 6849 133 - 135 Edward Street Perth WA 6000 T +61 8 9228 4833 info@montezumamining.com.au www.montezumamining.com.au

MONTEZUMA MINING COMPANY LTD - INVESTOR UPDATE

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ASX CODE: MZM
INVESTOR UPDATE – APRIL 2008
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PEAK HILL PROJECT STRATEGY

Active exploration to build on four key targets at Peak Hill:

• Initial focus will be on increasing the Jubilee, Harmony, Five Ways/Main Pit and Enigma North resources

• Near term upgrade of resource model planned to underpin pre-feasibility assessment

MAIDEN DRILLING PROGRAM YIELDS EARLY RESULTS

MAJOR SHAREHOLDERS

TOP 20 SHAREHOLDERS 50.73%

South Boulder Mines Limited 10.05% Duketon Consolidated Limited 7.57% Avania Nominees Pty Ltd 3.65% Mandies Meats Pty Ltd 2.92% Tao Yuan Ltd 2.50%

INVESTMENT SUMMARY

• Peak Hill - proven gold project with existing resources and medium term production potential

• Mt Padbury and Robinson Range - high quality gold exploration ground within trucking distance of Peak Hill

Highlights from the maiden programme at Peak Hill include:

• JBRC0003 6m @ 16.4 g/t from 116m

• 2m @ 3.88 g/t from 130m 2m @ 8.31 g/t from 138m 7m @ 4.14 g/t from 142m (EOH)

• Tight capital structure: 41.29M shares on issue and directors’ remuneration geared to discovery success

• $1.6M cash at bank

• JBRC0007 8m @ 9.35 g/t from 86m

REGIONAL STRATEGY

• 3,000 km[2] of regional tenure around Peak Hill

• Immediate roll out of regional exploration programs

• Focus on gold targets within trucking distance of Peak Hill

• Acquire additional adjacent ground over key target trends

• Add to resources through targeted acquisitions

• Experienced Board and Management

• Active in exploration and acquisition - several drill programs planned 1st half 08

KEY REGIONAL GOLD TARGET AT MT PADBURY (90%)

• First RC program returned positive results including: 16m @1.63 g/t (incl. 8m @ 2.70 g/t)

• Regional gold structure confi rmed with potential 10km strike length

• Potential to host a signifi cant new resource

STRATEGIC GOAL OF PRODUCING GOLD AT PEAK HILL BY 2010

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www.montezumamining.com.au
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PO Box 8535 Perth BC WA 6849 133 - 135 Edward Street Perth WA 6000 T +61 8 9228 4833 info@montezumamining.com.au www.montezumamining.com.au