XREF LIMITED — Investor Presentation 2011

May 1, 2011

KING SOLOMON Exploring for world class Gold and Copper mines in Inner Mongolia (China)

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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 appropriate financial advice. King Solomon reserves the right to update, amend or 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.

Information on mineralisation was compiled by A B Bell, BSc, F AusIMM(CP), a Competent Person (under the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves), who has relevant experience with such mineralisation and has consented to its inclusion.

Further information about King Solomon is available at www.kingsolomonmines.com.

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Strategy

• Under explored major fold belt

• Copper and Gold focus

• World Class targets

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Greater Hinggan-Mongolian Fold Belt

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Ivanhoe Mines →
Jinshan 5m oz mine
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Principal Projects

Bu Dun Hua

Porphyry Copper

Sonid North (Mud-house) Gold

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Inner Mongolia

• Under-explored

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

• Exciting tectonic position

• Opportunities

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Bu Dun Hua Project

Porphyry Cu-Mo system

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High Resolution Magnetics
Whitehorse
Ghenghis
Whitehorse
Kublai Extended
Northern Deep
Eastern Deep
Western
Khan
Royal
0 500m
Mongol
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Bu Dun Hua porphyry Copper prospect

Deep drilling rig

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Whitehorse drilling progress

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2011 scout drill program (first 12 holes only)

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Ghenghis Northern
Deep
Whitehorse
Kublai
Eastern
Deep
Whitehorse
Extended
Western
Khan Lao Ping Tong
N
Royal
Mongol
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0 500m

Sonid District Projects

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Sonid North Project Mud-house Gold prospect

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RC drilling at Mud-house

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Sonid North & Marmot Mag Surveys

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Au in quartz vein
occurrences
N
Mud-house
Au Prospect Marmot EL
Au in
quartz vein
occurrences
Marmot Ridge
Sonid North EL Cu-Mo-Au
Prospect
0 2km
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Mud-house drilling overview

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Central Mud-house drill detail

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Capital Structure

Shares

Options

Cash (31 Mar 11) Mkt. Capitalisation 12 month trading

166.3 million

9.9 million

$5.1 million $16.6 million ( 10c ) 3c – 14c

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Next Ste s -Plan p

Bu Dun Hua (Copper) (2 Diamond rigs)

Drill Whitehorse Deeps (2 holes)

1[st] round drilling (12 holes)

• Royal Mongol

• Kubilai

• Western Khan

• Genghis

• Whitehorse extended

Mud-House (Gold)

Drill Mud-house (30+ holes)

(1 Diamond & 1 RC rig)

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King Solomon

• Active explorer

• • Strong team

• Highly prospective regional setting • Strong exploration prospects • Exciting targets at BDH & Mud-house • Aggressive exploration program

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