GATEWAY MINING LIMITED — AGM Information 2009

Nov 26, 2009

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GATEWAY MINING LIMITED

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Annual General Meeting 27[th] November 2009 Technical Presentation

ASX CODE: GML

PROJECT LOCATIONS

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EXPLORATION

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The Way Forward

• � The Company has advanced copper gold exploration projects

• In addition to actively progressing projects in its own right, the company is also open to suitable Joint Venture offers b cashed u arties y p p

EXPLORATION

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Current Joint Ventures

� In the Last 12 months joint ventures funded by the other party have been; � Cowra: Minotaur JV Ongoing � Gidgee: Legend JV Ongoing

COWRA PROJECT NSW ,

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Overview

• Exploring for copper-gold in the Molong Volcanic Belt , host to the 30 million oz Newcrest Cadia/Ridgeway operations.

• Th e Co wr a T e n e m e n ts a r e t h e l east explored area in the Belt. These contain large complex intrusives with associated skarn development along .

• the edges of the parent granite

• Previously reported drilling has intersected skarn-style alteration, with associated elevated copper and gold, including intersections of 4m @ 5g/t Au and 30m @ 0.6% Cu

(Map source Minotaur Presentation)

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COWRA PROJECT NSW ,

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Joint Venture

• JV with Minotaur (51% , earning 75%) and Mitsubishi Corp/Mitsubishi Materials Corp (earning 24% from Minotaur ) over EL’s 5514 and 6102

• 25% free carried interest in surrounding tenements that were taken up by Minotaur at the beginning of the project

• After expenditure of $2 million each partner shall proportionally contribute to the project

COWRA PROJECT NSW ,

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Cowra drill targets � Targets prefixed “C” are on the JV area � R eg i ona l magnet i cs (left) and topography (right) backgrounds Map source Minotaur presentation

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COWRA PROJECT NSW ,

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Work Completed

• Through meeting expenditure requirements Minotaur earned 51% of the project during the year

• Following the previous years positive drilling results the JV partners expanded their commitment to the project

• Work carried out in 2009 included a 350km[2] heliborne VTEM survey , followed up by ground EM and magnetics surveys over nine targets

• Drilling was carried out over eight targets subsequent to the end o f t h e year

• � This drilling intersected significant sulphides in all of the targeted EM anomalies , however without si g nificant g old or co pp er intersections

COWRA PROJECT NSW ,

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Chalcopyrite – pyrrhotite mineralisation in 2008 drillhole, KIORC003, 202 . 6 to 202 . 7m

COWRA PROJECT NSW ,

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Ki o a r l D illi ng, 2009

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GIDGEE PROJECT WA ,

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Overview

• Includes approximately 300km[2] of tenements over the Gum Creek Greenstone belt

• Considered prospective for gold , copper and nickel

• Significant exploration success for gold and copper

• data review has highlighted a number of areas that warrant further work

• Tenement holdings are being rationalised so as expenditure can be concentrated on most prospective areas

GIDGEE PROJECT WA ,

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Gid gee pro ect j

• Tenement areas

• Prospect locations

• EM targets

• Geology background

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GIDGEE PROJECT WA ,

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Work completed

• Com rehensive data review p

• 3176m of RAB drilling in 111 holes

• 3368 m o a rcore r f i d illi ng n i 47 h o es l

• Sub-audio magnetics (SAM) and EM geophysical surveys

• Ground follow up of geophysical anomalies

• Rationalisation of tenement holdings – the company has dropped the Gidgee North and is progressively withdrawing from the Barrelmaker tenements

GIDGEE PROJECT WA ,

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Going Forward

• Prioritisation and testing of drill targets defined to date

• These targets include (not in order of priority)

• Rosie area

• Whi s tl er /Whi s tl er nor th

• The Cup

• Julia’s Fault

• Victory Well

• Victory Creek

• Other potential sulphide targets below existing pits, including Montague-Boulder

• Ongoing work, including geophysics (SAM, EM etc) to define further drill targets

GIDGEE AIRPORT AREA

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Overview

• This is an advanced project that is located over a group of oxide gold deposits mined in the 1980’s by Herald Resources and others, with Herald still retaining a 15% free carried interest in a number of the tenements

• Followin the withdrawal of WCP Resources from a JV g

• in 2007, Gateway has carried out a comprehensive data review, in addition to ongoing field activities

• Other ongoing work has included a Sub-Audio Magnetics (SAM) orientation survey, and preliminary -

• non JORC resource estimations from three areas

GIDGEE AIRPORT AREA

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Ai rport rea A � Historic workings

• Main prospect areas

• � Work carried out during 2009

• M ax mum u n i A i drillholes

• Note paucity of drilling in granite (pink area)

GIDGEE AIRPORT AREA

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Results

• As reported last year, results from WCP’s drilling were very encouraging, including 22m @ 14 . 95g/t gold from an existing resource under the Whistler pit, and significant intersections in an interpreted hanging wall shoot

• Th e r d illi ng resu lt e d i n o th er encourag ng n ersec i i t ti ons, nc u i l di ng 102 m @ 0.42g/t Au in hole WRC012 in the Rosie area, and Gateway believes there is the potential for significant sulphide gold resources in the Airport area

• � The results of the SAM survey indicate that this method is suitable for use in the Gidgee area

• This survey also delineated a structure striking north from the Whistler pit that warrants testing for continuation of the whistler mineralisation

• The work completed during the year has resulted in a number of high priority drill targets being identified

GIDGEE ROSIE AREA

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Overview

• �Located in Gatewa /Herald JV tenement y

• �Significant results from previous drilling � WRC012

• 23m @ 0.67g/t Au from 37m

• 102m @ 0.42g/t Au from 66m(EOH)

• � WRC010

• 37m @ 0.31g/t Au from 25m

• 14 m . 23 /t A u rom f 66 m @ 0 g

• �WRC012 open to E, N and S – shallow RAB holes to east with +0.1g/t Au end of hole values

• �Significant structure to east, with anomalous magnetic and gravity signatures

• �Requires follow up by drilling

• �Indicates prospectivity of granites away from contacts

GIDGEE ROSIE AREA

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Gravity ridge coincident
S-Bend
with demagnetised zone
WRC012
Rosie North
WRC010
R os e ast e i C l Pi t
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GIDGEE THE CUP

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Overview

• A n e w r d i sco v e r w ini t i a ll in te r sected coppe y by Gate ay, y

• in aircore drilling

• Follow up RC drilling has intersected significant copper, including 30m @ 1.0% Cu in hole GRC183, and 27m @ 1.42% Cu in hole GRC200

• Intersected over a strike length of 350m to date, and open to the north, south, and down dip to the west

• � The prospect now needs significant RC and diamond drilling to determine the limits and style of mineralisation

GIDGEE THE CUP

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Geology

• May include a number of shallowly westward dipping zones

• These appear to be at the contact between underlying volcanics to the east, and overlying carbonaceous and non-carbonaceous sediments to the west

• � Mi nera li sa ti on om na e d i t d b y c h a coc l it e, a secon d ary copper su p l hid e, which can be extracted by simple leaching

• The prospect now needs significant RC and diamond drilling, to determine the limits and style of mineralisation

• Located on the same structural/stratigraphic zone as Julia’s Fault, with the zone marked b y variable Au , As and Cu anomalism

• Anomalous As and Cu associated with gossanous material and pyrite in drillholes 2 and 2.5 km south

GIDGEE THE CUP

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The Cup drillhole plan & section 8000N looking north

GIDGEE JULIA’S FAULT

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Overview

• A virgin gold discovery by Gateway, originally intersected in RC follow up of RAB anomalies

• Follow up RC drilling during 2007/2008 confirmed the results of earlier RC drilling

• Aircore drilling during 2009 returned significant intersections , including 5m @ 3 . 47g/t Au in hole GAC004, and 10m @ 0.92g/t Au in GAC001(EOH)

• Drilling problems resulted in a number of holes not penetrating the gossans

• Gold has been intersected in widely spaced holes over a strike length of 950m to date, and a number of holes have been terminated in mineralisation due to drilling difficulties

• L ocate d NNE o f Th e up, an C d poss ibl y on t h e same structura zone l

• � The prospect now needs significant RC and diamond drilling to determine the limits of mineralisation

GIDGEE JULIA’S FAULT

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Julia ’ s Fault section 9000N, looking north � Shows drilling, interpreted +1g/t Au zone (orange) and +0.1g/t halo (y ellow )

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GIDGEE JF/THE CUP

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Julia’s
Fault
NNW and NE
structure
Interpreted intensely
deformed zone – target
area
Gossan
horizon
The Cup
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Julia’s Fault/The Cup

• Plan shows drillholes and interpretation on magnetics image

• Section shows conceptual mineralisation model

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BUNGARRA JV/VICTORY WELL

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Overview

• Bungarra West JV with Legend Mining over E57/709 – GML retains a 30% free carried interest

• 100% GML tenements immediately to the south of the JV tenement

• EM surveying over the area has delineated a number of anomalies

• Rock chip sampling of gossanous/ironstone material has returned up to 377ppb Au

• Modelling of the southernmost anomaly within the JV tenement indicated three moderate to strong conductors, with depths ranging from 30-100m

• RAB drilling over a strong conductor within 100% GML P57/1881 failed to explain the anomaly due to lack of drilling penetration

• It is planned to drill test these targets during the current year

GIDGEE OTHER PROSPECTS

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Overview

• –

• Victory Creek gold mineralisation requiring further drilling

• Results of work to date suggests that the Montague Granodiorite to the east of the airport area is underexplored – historically the granites have not been considered prospective for significant gold mineralisation

• Gateway has drilled mineralisation in the granites , including Airport Central, and Bullseye with encouraging results

• The results of holes WRC010 and WRC012 su ort the ros ectivit pp p p y

• of the granite

SURPRISE PROJECT, QLD

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Overview

• The Eastern Succession contains a number of significant Cu & Cu- A u epos ts, nc u d i i l di ng rnest enry E H

• The Surprise Project reverted to 100% Gateway ownership following the withdrawal of Minotaur from a JV in 2008

• Minotaur initially carried out gravity and IP surveys

• A six hole RC drilling programme completed in 2008 , targeting IP geophysical anomalies, intersected anomalous copper, including 4m @ 0.86%

• Deeper gravity anomalies are yet to be drill tested

• An EM survey carried out after the drilling has also delineated a number of targets , which are as yet untested

SURPRISE PROJECT, QLD

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Current activities

• Gateway has since been offered , and accepted a third licence, EPM17870 “Centipede”, adjacent to the current EPM’s 9053 & 13677.

• Gateway is currently reviewing all exploration data, with a view to p lannin g further ex p loration p ro g rammes

• � Gateway is seeking a JV partner to fund ongoing work at Su r p ri se

GATEWAY MINING

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Forfurtherinformationvisitourwebsiteatwww.gatewaymining.com.au orcontact:BobCreelman, Director, orMarkGordononTel:0292835711

The information in this reportthatrelates to Exploration Results, MineralResources or Ore Reserves is basedon information compiledby Mr. M.J.Gordon, a consultant to Gateway Mining, a Member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr.M.J.Gordon has a minimum of5years experience whichis relevant to the style ofmineralization andtype ofdeposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australian Code for Re p ortin g of Ex p loration Results , Mineral Resources and Ore Reserves". Mr. M.J.Gordon consents to the inclusion in the re p ort of the matters based on his information in the form and context in which it appears.

ASX CODE: GML