WEST WITS MINING LIMITED — Capital/Financing Update 2008

Nov 19, 2008

West Wits Mining Limited Operations Update November 2008

This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that could cause those acts, events and circumstances to differ materially from the expectations described in such forward-looking statements.

These factors include, among other things, commercial and other risks associated with estimation of uranium and gold resources, the meeting of objectives and other investment considerations, as well as other matters not yet known to the Company or not currently considered material by the Company.

West Wits accepts no responsibility to update any person regarding any error or omission or change in the information in this presentation or any other information made available to a person or any obligation to furnish the person with further information

• Conceptual target - 3.95 to 5.2 million ounces gold & 17-22 million pounds

uranium

• Completed 24.6km’s of drilling across 8 of 14 identified targets

• WWI currently progressing three initial targets into the resource estimation phase (Emerald, Marquise and Radiant)

• $10.4 million cash held at the end of September quarter

• West Wits Mining Limited is a resource development company aiming to delineate and exploit gold and uranium resources on our South African Witwatersrand leases.

• The Company’s focus is to delineate near surface early cash flow opportunities by late 2009 which may assist in the funding of identified large underground exploration targets.

• The Company has developed three exploration models (gold & uranium) :

• Near Surface exploration targets possibly conducive to open cut mining

• Unmined Reefs (gold & uranium)

• Historical mining pillar recovery and parallel reefs

Simple Strategy

• Continue on exploring shallow/near surface gold mineralisation with the prime focus on early cash flow generation

• Continue in expanding project pipeline

• Continue review of historical information (to date 9,000 maps scanned)

• Excellent Potential

• 20km of strike across the Witwatersrand (worlds largest historical producing gold field)

• Drilling continues to improve potential for gold and uranium resources

• Three identified near surface (<65m) gold mineralised targets (Emerald, Marquise and Radiant)

• Two identified targets have mineralisation open at depth and up to 7km of strike untested (Radiant & Raptor Target)

• Continuing identification of new targets

WWI Exploration Targets Main heading

Conceptual Target Main heading

Target	Diamond	RC	Total
	(m)	(m)	(m)
Raptor	3,395	3,373	6,768
Marquise	1,163	170	1,333
Emerald	1,484	3,312	4,796
Turk	215	1,832	2,047
Princess	566	1,995	2,561
Radiant	4,065	1,139	5,204
DRD Black	439		439
DRDELSBURG	387	1,140	1,527
Subtotal	11,714	12,961	24,675
Total Metres	24,675

As of 10[th] November 2008

Target	Hole_ID	From (m)	To (m)	Intercept (m)	Au (ppm)	Comments
Emerald*	WRCKP024	31.5	35.5	4.0	7.68	Incl. 2m @13.95g/t Au
	WRCKP030	31.5	33.5	2.0	6.34	Incl. 0.5m @21g/t Au
	WRCKP032	19.5	22.5	3.0	6.04	Incl. 0.5m @ 12.25g/t Au
	WRCKP033	40	41.5	1.5	6.53	Incl. 0.5m @ 18.5g/t Au
	WRCKP037	41	45.5	4.5	3.26	Incl. 0.5m @12.7g/t Au
	WRCKP041	46	50	4.0	6.24	Incl. 2m @10.10g/t Au
Marquise	PK009	56	58	2	2.05
	PK010	20	24	4	1.64
		62	65	3	4.58

* Emerald target results over a strike length of approx 2km

Target	Hole_ID	From (m)	To (m)	Intercept (m)	U3O8 (kg/t)	Comments
Raptor	BD005	97.26	99.33	2.07	0.45	Incl. 0.22m @ 2.88kg/t U3O8
		106.45	106.63	0.18	1.43
	BD006	284.39	285.36	0.97	0.26	Incl. 0.34m @ 0.46kg/t U3O8
		311.5	312.52	1.02	0.24	Incl. 0.27m @ 0.74kg/t U3O8
	BD007	133.54	134.24	0.7	0.53	Incl. 0.20m @ 0.73kg/t U3O8
	BD009	150.2	150.92	0.72	0.62	Incl. 0.5m @ 0.8kg/t U3O8

Note: WWI project contains continuous reefs over a 20km strike length with no defined end depth. Historical mined widths ranges from 85cm to 4m.

Emerald Target

• Phase 1 Resource Calculation – January 2009

• Phase 2 Infill Resource Calculation – February/March 2009

• Scoping/Open Cut Study completion May 2009

Marquise Target

• Assay Results – anticipated December 2008

• Resource Calculation – February 2009

• Scoping/Open Cut Study completion May 2009

Radiant Target

• Assay Results – anticipated December 2008

• Phase 1 Drilling program Resource Calculation – February 2009

• Scoping/Open cut studies May 2009

Princess Target

• Assay results anticipated in December 2008

• Subject to assay results a geological/resource model will be undertaken in February with anticipated completion in March 2009

Turk Target

• Drilling completed, assay results pending, expected in December 2008

• Subject to assay results, a phase 2 drilling program will be designed. Drilling of next phase would occur in late 1st quarter 2009

1. Radiant Target – Kimberley Reef, Rand Lease

• Drilling completed, assay results pending, expected by December 2008;

• Resource model anticipated completion in February 2009;

• Pending results of resource, open cut and underground studies anticipated to be completed in May 2009

2. Raptor Target – Bird Reef, DRD Lease

• Phase 1 drilling completed, assay results received;

• Underground access points identified to orebody;

• Review, basic scoping and strategy study to be completed by March 2009

• Phase 2 drilling campaign to be designed upon review of strategy studies.

• WWI has achieved its exploration goals for 2007/8 ahead of schedule and on budget

• undertaken thus far allows resource Exploration program estimations to be undertaken early 2009 on four near surface targets • WWI is now moving into a data review and consolidation stage • Company anticipates the expenditure to reduce significantly during this next stage.

Michael Quinert Grant Ferguson Chairman Executive Director Phone: +61 3 9824 8166 info@westwitsmining.com Suite 1, 1233 High Street, Armadale Victoria 3143

ASX: WWI

Appendices

Emerald Target Exploration Results Main heading

Raptor Target Exploration Results Main heading

WRCKD019 – Oxidised Kimberley conglomerate Reef Intercept at 52.5 – 53m downhole Assay Results Pending

WRCKD020 – Unoxidised Large Pebble Kimberley Reef Intercept at 59 downhole Assay Results Pending

RLKPD020 – Kimberley Reef 9A band, significant sulphide mineralisation at 268m depth (downhole) Assay Results Pending

RLKPD020 – Kimberley Reef 9B band, significant sulphide mineralisation at 279m depth (downhole) Assay Results Pending