EV RESOURCES LTD — Investor Presentation 2011

Sep 8, 2011

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VWM Fast-Tracks Entry into Indonesian Coal Sector

September 2011

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Disclaimer
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Forward-Looking Statements

This presentation may contain forward-looking statements that are subject to risks, uncertainties and other factors associated with exploration and mining that are in some case beyond the control of Victory West Metals. Readers can identify a forward-looking statement by terminology such as “aim”, “anticipate”, “assume”, “believe”, “continue”, “could”, “estimate”, “expect”, “forecast”, “intend”, “likely”, “may”, “plan”, “potential”, “predict”, “project”, “risk”, “should”, “will” or “would” and other similar expressions. It is believed that the expectations reflected in these statements are reasonable but they may be affected by variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency movements, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, tenement renewals, project delay or advancement, approvals and cost estimates. Readers are cautioned not to place undue reliance on forward-looking statements.

All persons should seek appropriate financial professional financial advise in reviewing or considering the document and all other information with respect to Victory West Metals Limited and evaluating the business, financial performance and operations of Victory West Metals Limited. Neither the provision of the document nor any information contained in the document or subsequently communicated to any person in connections with the document is, or should be taken as, constituting the giving of investment or financial product advise to any person in respect of dealing in Victory West Metals securities, and no such information should be taken to constitute a recommendation or statement of opinion that is intended to influence a person in making a decision to deal in Victory West Metals securities. This document does not purport to contain all of the information that maybe required to evaluate all of the factors that would be relevant in determining whether to deal in Victory West Metals securities, including but not limited to any person’s objectives, financial situation or needs. Each person should make, and will be taken to have made, its own investigation, assessment and analysis of the information in this document and other matters that may be relevant to it in considering whether to deal in Victory West Metals securities.

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 Resource(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. In accordance with Clause 18 of the JORC Code, it is important to note that no JORC Mineral Resources or Ore Reserves have been established on these tenements and any current assessment remains subject to ongoing exploration work and drilling. The current interpretation remains preliminary and is based on exploration, evaluation and resource definition work performed by previous owners.

Competent Persons Statement

The information in this presentation that relates to Exploration Results, Resources and Reserves is based on information reviewed and evaluated by Mr. Peter Macey who is a member of the Australian Institute of Geoscientists and holds a Bachelor of Science (Geology & Chemistry), a Masters of Science in Environmental Management, is an accredited professional geoscientist and environmental auditor, and who has sufficient experience 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 (the “JORC Code”). Mr. Peter Macey is a fulltime employee of AustralAsian Resource Consultants Pty Ltd and he consents to the results as they appear.

9 September 2011 - Page 2

VWM is acquiring thermal & coking coal assets in Indonesia, to compliment existing molybdenum & copper / gold assets

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East Kalimantan
Selected Coal
Projects
Malala Molybdenum
Project
Kalimantan
Pipeline
Novienindo Copper
Coal Projects
& Gold Project
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**Company vision to secure 50 to 100Mt of JORC compliant coal resource ***

* In accordance with Clause 18 of the JORC Code, it is important to note that no JORC Mineral Resources or Ore Reserves have been established on these tenements and any current assessment remains subject to ongoing exploration work and drilling.

9 September 2011 - Page 3

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VWM Corporate Structure
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Corporate Structure as at 8[th] September 2011 Total Fully Paid Shares on Issue 167.3 million Market Capitalisation @ 8 cents A$13.4 million Listed Options (20 cents, expiring 24 Feb 2012) 84.1 million Unlisted Options (20 cents, expiring 31 Dec 2011) 25.0 million Unlisted Performance Options (25 cents, expiring 31 Aug 2014) 3.3 million Unlisted Performance Options (25 cents, expiring 31 Aug 2014) 3.0 million Performance Shares 10.0 million Convertible Note (matures September 2011) A$2.0 million Convertible Loans & Payments A$0.8 million

9 September 2011 - Page 4

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VWM Highlights
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• VWM sign Heads of Agreement to acquire 100% of South East Asia Energy Resources Pte Ltd (“SEAE”)

• Full consideration only paid on milestones:

• Annual Production = 2.4 Mt

• JORC Inferred Resource = 50 Mt

• Acquisition positions VWM to:

• Diversify into thermal and coking coal assets

• Move quickly to production & cashflow

• Become a significant player in Indonesian coal

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VWM Highlights
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• South East Asia Energy Resources Pte Ltd (“SEAE”) has:

o Rights to 85% interest in BEK Coal Project, East Kalimantan

o Pipeline of 9 coal concessions in East Kalimantan

• Initial offtake agreements for 200,000 tonnes per month from major parties including PetrolTek (Korea/Europe)

• o Ability to develop all necessary transport, loading & port infrastructure for the respective projects

• All required licences for mining services & coal export in Indonesia

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VWM Highlights
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• Re-rating opportunity based on:

o BEK Project having mineralisation in excess of vendor expectation of 6Mt of high grading thermal coal (5,000+ Kcal/kg) o Only 6% (~200Ha) of the BEK Project has been drilled to date

o Potential for significant increases in coal offtake agreements as further resources defined & brought into production

o Results of further work on 9 coal concessions in East Kalimantan

• Target to take at least 2 more coal concessions to JORC inferred status within 24 months

• Ongoing work at Molybdenum and Copper / Gold projects

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SEAE Transaction Details
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VWM VWM
Milestone Shares Options Cash
(fully paid) (@ 30cents)
Settlement of Share Purchase Agreement 110m 11m A$750,000
SEAE projects have
---
total annualised production ≥1.2 Mt 110m 11m
& total JORC inferred resource ≥25 Mt
SEAE projects have
---
total annualised production ≥2.4 Mt 110m 11m
& total JORC inferred resource ≥50 Mt
TOTAL CONSIDERATION 330m 33m A$750,000
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SEAE Coal Projects
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Project	Concession Area	Location	Area (Ha)	Permit Status
BEK	Penajam	Penajam East Kalimantan	3,281	IUP Production
SDH	Penajam	Penajam East Kalimantan	4,000	IUP Production
SIA	Barito	Central Kalimantan	1,200	IUP Production
PBE	Mahakam	West Kutai East Kalimantan	4,400	IUP Exploration
MBA	Mahakam	West Kutai East Kalimantan	4,500	IUP Exploration
TWP	Mahakam	West Kutai East Kalimantan	3,900	IUP Exploration
AAP	Mahakam	West Kutai East Kalimantan	7,500	IUP Exploration
KTP	Mahakam	West Kutai East Kalimantan	4,800	IUP Exploration
KJ	Mahakam	West Kutai East Kalimantan	5,500	IUP Exploration
TWPI	Mahakam	West Kutai East Kalimantan	4,350	IUP Exploration

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• BEK = flagship project

• Ready for final stages of mine planning development

• • JORC certification in progress

• • Targeting coal production by end of Q2 2012

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Flagship BEK Project
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• 3,281 ha concession

• Mining approval over entire concession

• Low progressive entry for high value asset

• Growth potential to take-over surrounding concessions • Complete budget for mine takeover and development

• Within ~10km of river

Certified Proximate Analysis	Certified Proximate Analysis
(NATA	Laboratory)
Gross Calorific	5,000 – 6,500
Value	Kcal/kg
Ash	10% - 19.38%
Total Sulphur	0.43% - 1.5%
Inherent Moisture	5.02% – 6.26%
Total Moisture	10% - 25%

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BEK Strata & Topography
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Exposed Coal at Adjacent Concession to BEK Project 4m THICKNESS AND 9[0 ] DIP, STRIKE N 260[0 ] E

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Pit & Haulage Road on Adjacent Concession

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BEK Current Site & Logistics
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Crusher Process Plant 250 tonnes / hour

Stockpile Area 15 hectares

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MANUAL JETTY BARGE LOADER WITH RAMP
WEIGHT BRIDGE
DOOR
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BEK Technical Details
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• Project drilled & cored over 200Ha for 20 holes

• High quality bituminous coal for export supply

• Gross calorific value of 5,000 - 6,500 kcal/kg

• Low ash coal that requires no washing, hence 100% yield

Coal Sample from BEK Concession Area

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9 September 2011 - Page 14

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BEK Timeline to Production
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1. Plan Exploration JORC Program

Commenced Sept 2011

2. Infrastructure – Haul Road & Port Facility

3. Infrastructure – Mine Site

4. Mining Operations

5. Coal Shipment

Commence Nov 2011 Commence Dec 2011 February 2012 April 2012

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BEK is producing

BEK is producing

9 September 2011 - Page 15

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Asia Energy Group (AEG)
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• SEAE acquisition facilitated by Asia Energy Group Singapore:

• Leading global provider of mining services with skills & experience in Indonesian coal projects

• Experienced team of high quality local & overseas geologists, engineers, and project managers able to source quality coal concessions, investigate viability, acquire and profitably develop

• o Providers of high calibre thermal coal projects developed to production, coupled with robust management information enabling compliance with ASX and statutory requirements

• o Access to a strong project pipeline of Indonesian coal projects

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Asia Energy Group (AEG)
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• Past achievements of key AEG personnel include:

• Development of coal resources & reserves for International Thermal Coal Power Groups in Indonesia (40Mt+)

• Development of underground coal mining projects in Bowen Basin Queensland

• Development of coal projects in NSW, VIC & TAS

• Mining & processing developments in Australia, Africa, Indonesia, Thailand, New Zealand, China & South America

• Design & engineering of coal & iron ore port terminals in Australia & Indonesia

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VWM Organisation Structure
VWM Board
Gary Williams
CEO
Project CFO Marketing Operations
Development Manager Manager
Danny Josef Paul Raftery Robert Wall T. L. Lie
Developm’t Construct’n Engineering Legal Financial Marketing Quality Mining Logistics Senior
Manager Manager Services Advisor Controller Admin Control Manager Manager Geologist
Exploration Coal Super- Plant Contracts Clerical Office NATA Mining Sourcing
Geologist intendent Engineer Manager Assistant Assistant Labs Contractor
Port
Manager
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AEG team + existing VWM management team = target JORC resources & production from Indonesian coal assets

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VWM Senior Executives
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Gary Williams – Chief Executive Officer

• Experienced mining executive manager with global experience

• 30+ years in mining, infrastructure projects, engineering & processing

• Held board positions in Australian and offshore resource companies

• Proven track record in Indonesian negotiations, legal, development & operations

Danny Josef – Project Development General Manager - Indonesia

• Project manager with civil and mining companies

• 20 years in Australian & Indonesian civil construction, quarry & mining operations

• Extensive experience in coal exploration & development in Kalimantan & Sumatra

T.L. Lie – Operations Manager - Indonesia

• 30 years in engineering, including 20 years in Indonesia & 10 years in Europe

• Held senior executive positions with mining contracting & resource companies

• Track record in pre-mine purchase due diligence for viability & profitability

• Managed major coal trading company

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VWM Senior Executives
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Robert Wall – Coal Marketing / Business Development

• Experienced in coal trading, marketing & trade finance in Indonesian coal industry

• 10+ years in investment, capital raising, trading & financial administration in USA & Asia

• Member of Australian Institute of Marketing & Association of Company Directors

Paul Raftery – Chief Financial Officer

• 20+ years experience as director & advisor in mining industry

• Held senior financial roles at major corporations including Shell, Thiess & Anglo American

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VWM Board
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Mr. Steven Pynt - Chairman & Non-Executive Director

• 25+ years legal experience

• Non-executive chairman of Richfield International Limited (ASX:RIS)

• Director of Gondwana Resources Ltd (ASX:GDA), Global Health Ltd (ASX:GLH) & Muzz Buzz Franchising Pty Ltd (private company)

Mr. Michael Scivolo - Non-Executive Director

• 40+ years tax & accounting experience

• Director of Sabre Resources Ltd (ASX:SBR), Blaze International Ltd (ASX:BLZ), Power Resources Ltd (ASX:PWW) & Prime Minerals Ltd (ASX:PIM)

Mr. Wayne Knight - Non-Executive Director

• 20+ years financial services experience

Luke Martino - Company Secretary

• 25+ years corporate advisory experience

• Director & Company Secretary of Pan Asia Corporation Limited (ASX:PZC)

9 September 2011 - Page 21

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Malala Molybdenum
Project
Novienindo Copper &
Gold Project
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9 September 2011 - Page 22

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Malala Molybdenum Project
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• Working actively with JV Partner, China Guangshou Group Corp (“CGGC”)

• CGGC to acquire 65% interest for sole funding 100% of expenditure up to production

• Working with key Indonesia Government groups

• Terms relating to approvals & letters extended to 31 Oct 2011

Initial Exploration target = 105 to 115mt @ 660-900pmm Molybdenum * New Geological Model identifies >300% increase in target zone = Significant upside potential

* In accordance with Clause 18 of the JORC Code, it is important to note that no JORC Mineral Resources or Ore Reserves have been established on these tenements and any current assessment remains subject to ongoing exploration work and drilling.

9 September 2011 - Page 23

• VWM continues to evaluate the Novienindo Project

• Recent 40 day field work program included:

• Mobilisation of 6 senior geologists from Malala

• Survey of ~5,000ha

• Collation of data on in-situ rock outcrop formations

• Sample collection from prospective zones

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9 September 2011 - Page 24

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Contact
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Company Victory West Metals Limited
CEO Elect Mr Gary Williams
311 – 313 Hay Street
Address Subiaco WA 6008
AUSTRALIA
Phone +61 8 9381 5819
Fax +61 8 9388 3701
Web Site www.victorywestmetals.com.au
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