MATSA RESOURCES LIMITED — AGM Information 2007

Mar 5, 2007

KALGOORLIE-BOULDER RESOURCES LTD ABN 48 106 732 487

ASX ANNOUNCEMENT

ASX Code: KAL, KALO

6 March 2007

GENERAL MEETING PRESENTATION

Attached is a copy of the presentation given at the General Meeting of Members held today.

Yours sincerely

John Coles Company Secretary

DISCLAIMER

This presentation contains forward looking statements concerning the projects owned by Kalgoorlie-Boulder Resources Limited. Statements concerning mineral reserves and resources may also be deemed to be forward looking statements in that they involve GStinates oased on specific assumptions.

Forward looking statements are not statements of historical fact, and actual events or results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward looking statements are based on management's beliefs, opinions and estimates as of the date they are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should enance or to reflect other future developments.

Data and amounts shown in this presentation relating to capital costs, operating costs and project timelines are internally generated best estimates only. All such information and oala is currently under review as part of Kalgoorlie Boulder Resources' ongoing developments and feasibility studies. Accordingly, Kalgoonic Boulder Resources cannot
guarantee the accuracy and/or completeness of the figures or data included in this presentation until the reasibility studies are completed.

All dollar amounts shown in this presentation are in Australian dollars unless otherwise SHQI

COMPANY SUMMARY

• Listed on ASX April 2005.

• Six gold/base metals projects near Kalgoorlie.

• Acquired uranium properties. Divestment to Burey Gold.

• Acquired oil and gas property in USA.

• Commenced gold production from Jackpot mine in mid 2005.

• Completed placement and rights issue raising \$6m to fund acquisition.

COMPANY SUMMARY

• Three directors David Prentice, Ken Allen and Trevor Matthews.

• Management team in Kalgoorlie office including experienced mine manager and senior geologist.

• Capital structure post acquisition:

• Shares on issue 158,791,388
• Options on issue $-60,955,472$
• Convertible note \$3m convertible into 30m FPO shares.

NORSEMAN PROJECT

• $\geq$ 124 km² of under explored landholding close to major infrastructure.

• Adjacent to 5.2M oz Au production history.

• Advanced projects with JORC resources audited by independent experts.

• Advanced and grass roots exploration targets in Norseman Terraine.

• Internal Scoping sittely indicates potential for large scale mining operation.

PROJECTLOCATION

PROJECT GEOLOGY

HISTORY OF PROJECT

• $> 1892$ Gold discovered at Dundas starting gold rush. Richest mine was Break Of Day with 383 kg Au mined.
• $>$ 1903 Mining declined in area followed by war.

• 1982 1988 Australis Mining NL mined small pit at Mt Henry and explored parts of the package.

• $>$ 1988 1994 Central Norseman Gold (50% WMC) explored in area, eventually concentrating on Royal and Norseman reef area, near Norseman.

• 1994 1997 Australasian Gold mines acquired tenements and mined 11,000 ozs from Abbotshall.

• 1997 2005 Kinross Gold Australia purchased package to explore and mine deposits for 100,000oz/pa operation > 2005 - Australian Gold Investments purchased package

NORSEMAN GLOBAL MINERAL INVENTORY

All resources JORC compliant, with 1 g/t lower cut.

Source: RSG report November 2006.

Project Area	Resource ('000 tonnes)	Grade (GA)	Ounces (000)
Milleny	8,642	157	472
Selene	9,625	15	464
North Scotte	325	3.4	36
Abbottshall	466	20	30
Total	10,063	1.64	1,002

MT HENRY PROJECT

• $\triangleright$ Large BIF resource with low potential strip ratio on Western side of ridge.
• $\triangleright$ Potential for upgrading of the deposit through recognition of crossing rich Norseman style vein sets.
• $> 112,000$ tonne mined in 1984 at 1.12g/t by Australis Mining NL.
• $\triangleright$ Drill hole intersections : 7m @ 8.5 g/t, 1m @ 20.2 g/t, 6m @ 13.9 g/t, 3m @ 43.9 g/t, 9m @ 4.6, 18m @ 3 g/t.

MT HENRY MINE - LOOKING SOUTH TO SELENE

MT HENRY - SECTION 9275N

SELENE PROJECT

• Up to 70 metre wide ore zone in open cut.

• $\triangleright$ Easy exploration with several open targets.
• $\triangleright$ Potential for high grade Norseman style mineralisation adjacent in brittle geological environments.

• Many small mines mined during the Dundas years of 1898 -1908.

• $\triangleright$ Drill hole intersections: 8m @ 3.73 g/t, 3m @ 4.9g/t, 1m @ 19 g/t, 12m @ 2.4 g/t.

SELENE PROJECT - SECTION 4720N

NORTH SCOTIA PROJECT

• Potential underground mine with Norseman style of mineralisation. > Resource bottoms on drilling - open at depth.

• Adjacent mine: 155 000 ozs mined at 6q/t (Mawson West report 21/08/06).

NORTH SCOTIA - SECTION 3220N

EXPLORATION POTENTAL

TOTAL MAGNETIC INTENSITY

NORSEMAN PROJECT SUMMARY

> Significant existing JORC resource.

• Current resources and fuiture exploration targets provide a large scale long term mine life.

• » Most resources accessible via open out mining.

• Numerous exploration targets provide potential to develop further high grade resources.

• Good access to infrastructure and utilities.