http://www.proactiveinvestors.co.uk/genera/genera/companies/sponsor_extras/9303

Overview of Eastern Goldfields Projects

Metaliko Resources Ltd is focused on advanced stage gold exploration in the Eastern Goldfields of Western Australia. The company’s extensive tenement holdings mostly within 80km of Kalgoorlie are located on or adjacent to the regional shear zones that host the majority of the world class and million ounce gold deposits of the Eastern Goldfields. The Company’s tenure contains a number of gold occurrences identified by exploration drilling 10 to 25 years ago 

Metaliko’s primary strategy is to carry out methodical exploration in and around the known mineralization and major structures using modern exploration approaches to make significant gold discoveries. Historical exploration was carried out at much lower gold prices and was often solely focused on shallow (<40m deep) easily exploitable oxide mineralization. Depth extensions to the shallow mineralization remain either untested or only partially tested in a number of locations. More subtle indications of gold mineralization contained in the historical data also require re-interpretation in view of more recent advances in understanding gold mineralization controls in the Eastern Goldfields.

Major exploration programs are underway at Goongarrie, Windanya and Bullabulling. Exploration on other projects are scheduled to begin later in 2011.

A secondary strategy for Metaliko is to carry out in-fill drilling in areas of known mineralization to define resources that could provide an early cash flow as low capital “MTT” (mine, truck and treat) projects. The operating gold treatment plants and road infrastructure of the Eastern Goldfields offer the opportunity to create value from small to medium scale resources without the capital commitments and lead in time of stand-alone projects.

As part of its early cash flow objectives Metaliko has begun infill and extension drilling of gold mineralization at two potential MTT projects at Goongarrie and Anthill. At Goongarrie Metaliko’s drilling has so far identified numerous high intercepts around an open pit with remnant ore left when the pit wall collapsed in 1989 after heavy rains. At Anthill Metaliko’s drilling to date has identified a 50m by 150m zone of gold mineralization that extends from the near surface to below 100m depth. The Company intends to complete evaluation of these two MTT projects by mid-2011.

Executive Chairman - Michael M. Michael (B.A., B.Bus., AIMM, MAICD)

Mr. Michael has accumulated many years of practical experience in founding, developing and operating businesses in the roles of Executive and Non-Executive Director, Managing Director, and Chairman. Many of which have been enterprises in start-up.

Mr. Michael is skilled in areas as diverse as concept origination, innovation, demand and commercial environment analysis, feasibility and due diligence preparation, promotion and equity raising, joint venturing, competitive presentations, sales and marketing.

Mr. Michael is tasked with designing, maintaining and implementing overall planning frameworks for strategy formulation and change. For optimal organizational structure, and decision making processes to achieve a limiting of contingent liability through financial and process control. Reporting systems for risk management, financial performance and profit maximization through budgeting and cost control; and the provision of high product quality and customer service based on identified competitive advantage, team building and human resource management.

Mr. Michael has a track record on both coasts and abroad, demonstrating the expertise to instruct and coordinate various professionals such as lenders, capital raisers, funds managers and merchant bankers, accountants, lawyers, town planners, architects, engineers and scientists, building and civil contractors, marketing executives and property agencies, that are all needed to deliver a project based outcome for a financially driven solution in areas highly controlled by regulation and governance.

Mr. Michael also has extensive experience in large scale earthmoving and mining services businesses at managerial and board level. This has included being Chairman of a drilling and mining services company. He is currently a Director of Unison Holdings Limited, and engineering firm. Lambrose Limited, a property based funds manager, and Ageus Limited, a corporate advisory. Also a family based property development and investment trust.

Mr. Michael is the serving President of the Hellenic Australian Chamber of Commerce and Industry in Western Australia.

Managing Director - Donald James Searle (B.Sc., PhD, MAusIMM, MAICD)

Dr. James Searle is a geologist, mining company executive and consultant with over 30 years experience worldwide in precious and base metals and energy minerals.

As an exploration geologist he has directed and participated in a number of exploration programs resulting in significant commercial gold discoveries.

Corporately he has been involved at senior management and board level leadership in resource project identification, acquisition, financing, development and management in Australia and overseas.

Dr Searle was CEO and Executive Director of ASX listed Nordic goldminer Dragon Mining Ltd for 8 years until 2005, and was instrumental in the company acquiring, financing and developing gold mining projects in Sweden and Finland.

In the energy sector Dr Searle has been involved in oil and gas exploration and research into modern marine sedimentation analogues of hydrocarbon reservoirs.

He has also provided consulting advice to major marine engineering project proponents, governmental and international agencies on coastal and near shore dynamics in Australia and South East and Southern Asia.

Dr Searle has served on the boards of a number of stock exchange listed mining and exploration companies in executive and non executive capacities over the last 14 years. He is currently Chairman of the ASX listed copper exploration and development company Redbank Mines Ltd.

Non-Executive Director - Agapitos Marcus Geoffrey Michael (BA UWA)

Mr. Michael’s background is in the property and project development sector in Australia, Europe and South East Asia and has actively been developing property and project managing since 1990.

Prior to this involvement, Mr. Michael has been involved with a family owned contracting operation specializing in earthworks and civil construction on a large scale. This involvement has endowed Mr. Michael with practical construction and civil contracting experience. These areas of expertise are essential when dealing with project based operations and outcome delivery as are present in the mining and exploration sector along with understanding of the operations and complexities of Joint Ventures and other forms of financial and outcome partnering.

In addition to this, Mr. Michael has been the director of a drilling and mining services company for the last two years servicing companies throughout WA in the exploration and resource proving field.

Mr. Michael has been actively pursuing opportunities for the company in the resource sector.

Independent Non-Executive Director - Ian Louis Murray (B.Comm, CA(SA), ACA, ACMA, Adv Tax Cert)

Mr Murray is a chartered accountant and has over 15 years corporate experience in the publicly listed resource sector. Currently he is Executive Chairman of ASX listed Eleckra Mines Limited. Previously he was with DRDGOLD Ltd between 1997 - 2005 during which time he held positions including Chief Financial Officer and Chief Executive Officer.

Mr. Murray oversaw DRDGOLD's major acquisitions, restructures and stock exchange listings over the nine years which grew DRDGOLD from a small, lease-bound South African miner into a globally listed multi-mine gold company producing at its peak over 1 moz of gold per annum.

Prior to this he qualified as a Chartered Accountant with KPMG, worked in Management Consulting with PricewaterhouseCoopers, worked in the South African Revenue Service and assisted in establishing one of South Africa's most successful biotechnology companies.

Mr. Murray is a qualified Chartered Accountant and a member of both the South Africa and Australia institutes, having obtained a Bachelor of Commerce degree and Higher Diploma in Accounting from the University of Cape Town, South Africa. In addition Mr. Murray is an associate member of the Chartered Institute of Management Accountants.

Company Secretary - Stephen Hewitt-Dutton (B.Bus, CA, SAFin)

Mr. Hewitt-Dutton has over 20 years of experience in corporate finance, accounting and company secretarial matters. He is an Associate Director of Trident Capital and holds a Bachelor of Business from Curtin University, is an affiliate of the Institute of Chartered Accountants and a Senior Associate of FinSIA.

Before joining Trident Capital, Mr. Hewitt-Dutton was an Associate Director of Carmichael Corporate where he assisted clients by providing equity market, IPO and M&A advice and assistance. He has also held Financial Controller and Company Secretary positions for both public and private companies for in excess of 15 years.

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