VERITY RESOURCES LIMITED — Investor Presentation 2011

Jun 28, 2011

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

Market Cap

Cash

DATE: 29 JUNE 2011

PRESENTATION FOR THE BOTSWANA CAPITAL RESOURCE CONFERENCE

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Issued Capital

Unlisted Options

Please find attached the presentation document for the Botswana Capital Resource Conference held in Gaborone Botswana on 29 June 2011.

Substantial shareholders

Pat Volpe

Chairman

Directors

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Registered Office

Contact

Media Relations

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Limpopo Belt Cu-Ag & Ni Discoveries & Ex loration ~~p~~ Opportunities - BML A Value Opportunity

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DISCLAIMER

General Disclaimer

This presentation has been prepared by Botswana Metals Limited (“BML”). The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of BML, its directors, employees or agents, not any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. No representation is made that, in relation to the tenements the subject of this presentation, BML has now or will at any time in the future develop further resources or reserves within the meaning of the Australian Code for Reporting of Exploration Results, Mineral resources and Ore Reserves (The JORC Code).

Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. You should have consideration to the risks involved in investment in BML some of which are detailed in BML’s prospectus dated 26[th] October 2007 as lodged with the Australian Securities and Investment Commission and available from either Australian Stock Exchange Limited or BML on request.

By accepting this presentation, the recipient represents and warrants that it is a person to whom this presentation may be delivered or distributed without a violation of the laws of any jurisdiction.

This presentation is not to be disclosed to any other person or used for any other purpose and any other person who receives this presentation should not rely or act upon it. Information contained in this presentation is confidential information and the property of BML. It is made available strictly for the purposes referred to above. The presentation and any further confidential information made available to any recipient must be held in complete confidence and documents containing such information may not be reproduced, used or disclosed with the prior written consent of BML. This presentation must not be disclosed, copied, published, ~~rep~~ roduced or distributed in whole or in part at any time without the prior written consent of BML and by accepting the delivery or making to it of this presentation, the recipient agrees not to do so and to return any written copy of this presentation to BML at the request of BML.

Competent Persons Statement

Information in this presentation that relates to Botswana Metals Exploration Results, geology, drilling and mineralisation is based on information compiled by Peter Temby, an employee of Anpet Exploration Pty Ltd, who is a Member of the Australian Institute of Geoscientists. Peter has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activities that 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. Peter Temby consents to the inclusion in this presentation of matters based on his information in the form and context in which it appears.

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Corporate Details

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BML Board Market Details
Pat Volpe Free Trading Shares 143.7M
Executive Chairman
Options 71.9M
Paul Woolrich
Non-Executive Director
Unlisted Options 2.77M
Massimo Cellante
Market Cap $10M
Non-Executive Director
Top 20 Shareholders 50%
Management
Cash at Bank $3.0M
Richard Baker
Company S ec retary
Debt Nil
Peter Temby
ASX Stock Code BML
Consulting Geologist
ASX Option Code BMLO
Derek Halford
Manager Exploration Botswana
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Overview

BML Tenements Logistics

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Discovery ZIMBABWE
Metals
MAUN
NATA
Hana Mining
TATI Ni MINE
FRANCISTOWN
MOD
ORAPA
GHANZI
SELEBI PHIKWE
Ni MINE
BOTSWANA
NAMIBIA
BML Cu-Ag +
Ni Prospects
GABORONE
SOUTH AFRICA
200km
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Overview

Current BML tenements ≈ 3000 km[2]

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Overview

in VTEM area. Priority Prospects survey

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12620-a
12660a
Mashambe
12670-a
12100-a 12390-a12410-a 12510-a
11870-b 12190-a 12300-a12320-a 12570-a
12170-a 11240-b11270-a 12330-a
Maibele Nth 12140-a 11240-a 12370-a
Airstrip
11420-a 11470-a 12000-a
20B 11880-a 12050-a 12130-a Jumbo
11870-a 11950-a11980-a
11860-a
11115-a
11035-a 11090-a11110-a 11340-a 11800-a
11555-a Kudumane
Sekgopye 11460-a 11515-a
11415-a Mmatsiane
11365-a
10830-a
10780-a 10980-a
10470-a
Dibete
10090-a 10610-a 10940-a
10070-a
10840-a
Mmamanaka
91010
91055
91035
91025
91045
91040
91050
91030
91020
91060
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118201184011860
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1 1
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1091510935 109551097510995 11015 11035 1105511075 11115 11135 11155 11175 11305 113251134511365113851140511425 1144511465 1148511505115251154 5 11565
11185
11125 11145
10925109451096510985 11005110251104511065 1108511105 11415 114351145511475 1149511515 11535 11555
1133511355 11375
11295
1053010550 10570 11165
10290
11315
10540 10560 10580
10300
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– Numerous new found VTEM now. targets by Survey Undergoing interpretation DISCOVERY FOCUS: Airstrip and Dibete for primary and supergene Cu-Ag Maibele North for Ni-Cu-PGE primary mineralisation

Airstrip Copper Airstrip Cu geochemistry and Maibele North

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Airstrip Copper

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Airstrip Cu Conductors Part of the IP area Survey at Airstrip Cu showing interpreted conductors in magenta.

Many conductors (total strike 1900 m in IP area) are barely drilled or not yet drilled

Discovery area conductors have a strike of may length 900 m

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Airstrip Copper

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Drill Out Area Initial drilling in December 2009January 10 intersected the Airstrip Cu-Ag discovery in holes 3, 6, 7, 10 and 11. Holes 12-52 have now been drilled, to assess the Five Element type veins found to be present.

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Airstrip Copper

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Ground Magnetics 25 metre by 5 metre ground magnetics has given a very detailed subsurface view of the magnetic bodies present. There is no magnetic signature with the Airstrip Copper conductor shown in magenta. Plan view of magnetics.

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Airstrip Copper

Long Section

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Dibete Dibete Highlights

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Dibete

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Line 6100E
local grid
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IP Survey – Dipole dipole IP surveys carried out over 1250 metres of strike at Dibete. Prospect open in both SW and NE directions. 3D modelling carried out to assist in target definition.

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Dibete

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Supergene Cu-Ag is shown in brown overlay

Supergene Cu A supergene blanket of copper silver mineralisation of to 38 metres up thick is present. Grades of up to 1.72% Cu and over a 119gAg/t 38 metre intersection.

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Dibete

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6100E
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Supergene Cu-Ag target zone is shown in striped overlay, old supergene copper workings in orange and TDEM axes in green

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Dibete

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Visible supergene Cu-Ag in RC holes is shown in brown overlay

Maibele North Maibele Nth Highlights Current exploration is focussed on defining resource to JORC compliant status. Geostatistical study defined the scale of the Exploration Target and identified areas requiring additional drilling. Recent VTEM identified untested that survey potential was not optimally drilled in the past.

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Maibele North

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Magnetic Surveys The Airstrip magnetic the survey overlapped Maibele North prospect and anomalies present were modelled.

View to the NE along structural strike

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Maibele North

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The Maibele North host magnetic body is down faulted to the west by 150 metres and that part was not previously recognised or drilled. A further 600 metres of strike has been identified.

Maibele North Geostatistics Study An Exploration Target was defined on the basis of the geostatistical study (Hilmac Pty Ltd).

The Exploration Target is in the order of 1.1-1.7 million tonnes at a cut off of 0.6% Ni with a grade grade around 1% Ni, or alternately a target of 4-7 million tonnes at a cut off of 0.3% Ni with a grade grade around 0.6% Ni.

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No estimates have been made for PGE and Cu present in the deposit.

Other VTEM Targets PL 54/98 Takane Highlights PL contains major prospects with good base metal-Au anomalies and Ni anomalies.

VTEM identified the 4 survey major previous prospects and a further 23 anomalies which have no prior evaluation. No prior drilling on any of these prospects.

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PL 54/98 Takane
Untested VTEM Anomalies
Makhantlele
Kudumane
Jumbo
Mmatsiane
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Mmatsiane

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Dolerite dykes pink, roads dark green, GEOTEM axis light green, EM cut lines dark pink

TARGET AREA A Cu-Pb-Zn-Au anomaly in a fold nose is associated with an extensive VTEM anomaly.

IP and ground EM were previously surveyed over the zone with the yellow overlay.

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Mmadinare Area

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Areas outside VTEM with Ni survey potential

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Mmadinare Area

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Soil Geochemistry Regional soil lines have identified a series of mafic bodies which have associated geochem anomalies indicating NiCu mineralisation. Drilling of selected anomalies is in progress.

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SUMMARY

Recent drilling at Airstrip and Dibete has shown significant potential for primary copper silver and supergene copper silver deposits at both prospects (7 km apart). Further results expected from current drilling. Further potential in newly recognised VTEM conductors at Maibele North is present. The geostatistics study showed up areas for further infill drilling to allow a JORC compliant resource estimate. Maibele North is only 50 km from Selibi Phikwe Ni smelter.

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VTEM data interpretation is ongoing with extensive potential targets identified. All VTEM drilled so far have intersected Results are targets sulphides. pending. BML now expects to develop resources at its principal prospects.

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–
BML A Value Opportunity
y g
12620-a
12660a
Mashambe
12670-a
12100-a 12390-a12410-a 12510-a
11870-b 12190-a 12300-a12320-a 12570-a
Maibele Nth 12170-a 11240-b11270-a 12330-a
12140-a 11240-a 12370-a
Airstrip 11420-a 11470-a 12000-a
20B 11880-a 12050-a 12130-a Jumbo
11870-a 11950-a11980-a
11860-a
11115-a
11035-a 11090-a11110-a 11340-a 11800-a
11555-a
11515-a
Sekgopye 11460-a Kudumane
11415-a Mmatsiane
11365-a
10830-a
10780-a 10980-a
10470-a
Dibete
10090-a 10610-a 10940-a
10070-a
10840-a Mmamanaka
91010
91055
91035
91025
91045
91040
91050
91030
91020
91060
1190111910 1193011950 119701199012010 12030 12050 1207012090 121101213012140 12160 121901221012230 12250 12280 12300 12320 1234 0 1236 0 1238 0 1240 0 1243 012450 12470 1249012510 1253012550125601257012590 12610 12630 12650 12670 12690 12710 12730 12750
118201184011860
11780
1043010450 10470 10490 10510 10590 10610 10630 10650 10670 1069010710 10740 10760 10780 10800 1082010840 1087010890 10910 1093010950 10970 11000 11020 1104011060 11080 11110 11130 11150 11170 11190 11211 112301125011270 112901131011330 11350113611138011400 1142011430 11450 114701148011500 11520 1154011560 11580 1161011630 116501144011670114601169011490117101172011510117401153011550 115701159011600 116201164011660 1168011700 11730117501176011770 1179011810 1183011850 118701188011890 11920119401196011980 12000120201204012060120801210012120 12150 121701218012200 1222012240 1226012270 12290 12310 1233 0 1235 0 1237 0 1239 0 1241 0 1242 0 1244 012460 124801250012520 12540 1258012600126201264012660 1268012700 12720 12740 12760
10020 10010 10440 10460 10480 10500 10520 10600 10620 10640 10660 10680 10700 1072010730 10750 10770 10790 1081010830108501086010880 1090010920 10940 10960 109801099011010110301105011070 1109011100 1112011140 111601118011200 112201124011260 11280113001132011340 11370 113901139511410
1 1
1 1 1
1 1 1 1 11 1
11095
11800
10040 10060 10080 1010010120 10140 10170 10190 10210 102301025010270 10310 10330 10350 10370 10390 10410
10030 10050 10070 10090 10110 10130 1015010160 10180 10200 10220 10240 10260 10280 10320 10340 10360 10380 10400 10420
11115 1113511155 11175
11125 11145
1091510935 1095510975 10995 11015 11035 11055 11305 11325 1134511365113851140511425 1144511465 11485115051152511545 11565
10925 10945 1096510985 11005 1102511045 11415 114351145511475 1149511515 11535 11555
1133511355 11375
11295
11075
11185
11065 1108511105
11165
1053010550 10570
10290
11315
10540 10560 10580
10300
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Dibete, Airstr ~~ip~~ and Maibele North are significant Cu-Ag and Ni projects. Drilling is ongoing to develop resources at these projects.

Additional potential exists in new targets found by VTEM Survey