XREF LIMITED — Investor Presentation 2007

Aug 20, 2007

KING SOLOMON MINES LIMITED

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August 2007

Disclaimer

This Corporate Update (“Update”) is not a disclosure document, nor does it constitute the provision of financial advice or a recommendation to buy or sell shares. The Update was prepared from information available at the time of preparation.

Neither King Solomon Mines Limited (“King Solomon”), its related bodies corporate, officers, employees or advisors makes or gives any representation, warranty or guarantee in relation to the Update, whether orally, in writing or in any form whatsoever, (“Information”) to the Recipient. The Information is provided expressly on the basis that the Recipient will carry out its independent inquiries into the information, and seek or appropriate financial advice. King Solomon reserves the right to update, amend supplement the information at any time in its absolute discretion, without incurring any obligation to do so.

The Update contains certain forecasts and forward-looking information, including information about possible or assumed future performance, exploration results, resources or potential growth of King Solomon, industry growth or other trend projections.

Such forecasts and information are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors, many of which are beyond the control of King Solomon. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements, depending on a variety of factors.

Presentation

• Capital Structure

• Strategy

• Team

• Projects - Progress since IPO - Plan

Capital Structure

Shares on issue 90,775,040 Options to shares on issue 6,779,999 (ex. Price 25c-30c) Mkt. Cap. (@17c) $15.4 million Cash at 30 June 2007 $8.5 million

90,775,040

$15.4 million $8.5 million

Significant Shareholders

Widespread Portfolios Ltd. 9,100,000 10.0% Fu La 7,500,000 8.3% Stephen McPhail beneficial 4,830,000 5.3% Bruce Bell 3,750,000 4.1%

Strategy

• Under explored major fold belt

• Copper and Gold focus

• Large portfolio

• World Class targets

Exploration Team

Exploration Manager: Bruce Bell (Acting) Chief Geologist: Peter White Senior Geologist: Sukh-Ochir Project Geologist: Batsaikhan Begzsuren

3 Junior Geologists

4 Field Hands, 1 Interpreter, 3 Camp Staff

Projects

April 07 August 07 Marmot Ridge Marmot Ridge Wuritu Wuritu Sonid North Bu Dun Hua Sonid South Beyinhar North Amoyitele Naogaoshandu Dong Gou Zi Sonid North Wang Jiaying Amoyitele

Cu Cu Au, Ag, Cu Au, Cu, Mo Au Au Au, Cu Au Cu

Inner Mongolia

• Under-explored

Area: 1.28M sq km Pop: 21M Capital: Hohhot (>1M)

• Exciting tectonic position

• Opportunities

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Greater Hinggan-Mongolian Fold Belt

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Sonid District Projects

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Marmot Ridge Porphyry Cu Project

Large hydrothermal alteration system (> 6sq km) Geological setting analogous to Oyu Tolgoi Anomalous Cu in rocks, lag, trenches, drillholes Two large IP anomalies identified Second stage drilling commenced Target: 500 Mt + Cu deposit

Marmot Ridge Structural Setting

Zoned alteration core Hugo Dummet (1.6bt) superposed Recce drillholes

Marmot Ridge IP

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Wuritu (Oyut prospect)

• 907 m diamond drilling completed • High-grade Cu “lode” targeted • Strongly altered intrusives encountered • Potential large scale hydrothermal system • Drill intersections: 14m @ 0.6% Cu 2.5m @ 0.2% Cu • Erratic Au values up to 0.9 g/t • IP Survey in Progress

Wuritu Project

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Oyut Prospect

1,000 ppm Cu 0 200m

Naogaoshandu & Beyinhar North

• Epithermal veins and breccias locally anomalous in As, Sb, Au, Ag

• Roadside prospect along trend from Beyinhar development (GCX)

• Three Eagles prospect along trend from Shadui mine

• Altered granitoids anomalous in Cu, Mo, Ag, Pb, Zn

Naogaoshandu & Beyinhar North

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Beyinhar – Golden China Resources

• Epithermal Au project

• 605,000 oz Au resource - Jan 07

• Subsequent drill intercepts include: – 77m @ 4.1g/t Au (9 Jul 07)

• – 68m @ 5.3 g/t Au (2 Aug 07)

• Sino Gold bids $A81M for GCX (13 Aug 07)

• Main zone trends into Beyinhar North tenement toward Roadside prospect

Bu Dun Hua ro ect p j

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Bu Dun Hua ro ect p j

• Large hydrothermal alteration system

• Widespread felsic volcanic flows & fragmentals

• Quartz veins and explosion breccias

• Strongly Au/Ag anomalous

• Altered diorite(?) porphyry discovered

• Very strong IP anomalies

Bu Dun Hua ro ect p j

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Bu Dun Hua Project IP

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Current Position

• Drilling IP targets in Marmot Ridge alteration system

• Running IP Surveys at Wuritu – Oyut and Mag prospects

• Mapping & sampling epithermal targets at Beyinhar Nth and Naogaoshandu & preparing for IP & drilling

• Mapping, sampling and planning drilling at Bu Dun Hua

• Prospecting Amoyitele, Sonid North, Dong Gou Zi, Wang Jiaying

• Investigating new opportunities

Project Portfolio

Stage Target Size Marmot Ridge Cu Drilling Large Wuritu Cu Drilling Large Bu Dun Hua Au, Ag Emerging Large Beyinhar North Au Emerging ? Naogaoshandu Au Emerging ?

King Solomon Mines

• World class Gold and Copper targets

• Major under-explored tectonic zone

• Experienced team

• Active exploration program

• Realistic funding for objectives