The presentation provides an overview of Terra Mining Corporation and its flagship Terra Gold Project in Alaska. Key points include:
1) Terra Mining has acquired the Terra Gold Project which has an inferred gold resource of 168,000 ounces and is seeking $13 million in financing for further exploration and development.
2) The project has potential for significant further resource growth from additional drilling and has a business plan targeting annual production of 30,000 ounces per year.
3) Management has experience in gold exploration and mining and the project is in a mining-friendly jurisdiction in Alaska near other significant gold deposits.
2. Safe Harbor Statement
2
âSafe Harborâ Statement under Private Securities Litigation Reform Act of 1995:
Statements in this presentation regarding WMTN/ Terra Mining Corporation business, which are not historical
facts, are "forward-looking statements" that involve risks and uncertainties and actual results and outcomes
may differ materially from the results and outcomes discussed in the forward-looking as a result of either the
matters set forth or incorporated in this presentation. Specifically, the pro-forma financial summaries and
balance sheet are a possible projections of future results based on the WMTN/ Terra Mining Corporation
business plan. For a discussion of such risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see "Risk Factors" in the Company's most recent
Form 10-Q and 10-K. Investors and prospective investors should read this presentation in conjunction with
the Company's reports on Form 10-K, Forms 10-Q, and other documents as filed with the Securities and
Exchange Commission. The Company undertakes no obligation to revise or update any forward-looking
statements in order to reflect any event or circumstance that may arise after the date of this presentation.
4. Management Team
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Greg Schifrin â Chief Executive Officer, President & Director
Successful businessmen and professional geologist with 28 years of exploration and mining experience
Founder and President Minex Exploration & Selkirk Environmental, President and Director Silver Verde May
Mining Company, CEO Golden Eagle Mining, BSc in Geology & âQualified Personâ
James Baughman â Chief Operating Officer & Director
Geologist & business executive with 25 years of gold and uranium exploration and development experience
Co-founder High Plains Uranium, led successful TSX IPO (2005); Director Big Bear Mining; BSc Geology &
âQualified Personâ
Mark Scott â Chief Financial Officer, Secretary
Deep & varied executive experience in finance, capital markets, strategic planning and SEC reporting
IA Global, Visualant, Digital Lightwave, CPA, National Association of Corporate Directors
Mike Lavigne â Director
30 Years experience in financing small caps
Principal of Capital Peak Partners and CEO of Silver Verde mining
Kevin Cassidy-Director
Managing Member and Founder of Logic International Consulting
Former COO of Bank Julius Baer and Managing Director of UBS
5. Company Reach
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WestMountain Index Advisors, Inc. (WestMountain Gold) engages in the
acquisition, exploration and development of gold properties.
WestMountain has two wholly owned subsidiaries
Terra Mining Corp (TMC) which engages in the acquisition of high quality gold
projects
Terra Gold Corp. (TGC) which is engaged in the exploration and development
of the Terra Gold Project in Alaska
6. Terra âBonanza Goldâ Project
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Terra Project, Southwest Alaska
Focused on developing a high grade underground 30,000 ounce a year
gold operation with significant upside production potential.
High grade vein structure
Control 60 square miles of state claims
No debt
One million ounce growth potential
7. Project Background
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Gold bearing veins first discovered and claimed by Kennecott in 1997
Ben Porterfield, a Kennecott geologist retain claims and artisanal mines vein
from 2000-2010
Porterfield leases property to Anglo Gold Ashanti Exploration USA in 2005
for the first year drill program
International Tower Hill Mines LTD (spin out from Anglo Gold) advances
project 2006 and 2007 with drilling
Terra Mining acquires project through LOI in 2/2010 and JV Agreement
9/2010
Total investment 2005-2007 was $6 million with 168,000 oz of gold and
310,000 oz of silver resources identified through the three seasons of drilling
9. Why Terra?
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Public company â WMTN as of February 28, 2011
Terra has 168,000 oz gold resource confirmed with 1,000,000 oz expected,
subject to drilling
Alaska is a mining friendly jurisdiction
2011 Financing
Terra Mining Corp is seeking financing for operations of $13 million US.
Use of Proceeds
Terra Project $ 10,000,000
G&A $1,500,000
Project Generation $1,500,000
10. Valuation â Terra offers significant upside
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Terraâs pre-money valuation of approximately $16 million is conservative using levels far
below current gold spot price of $1,500 per ounce. Management has significantly
discounted the expected gold resources of 1,000,000 ounces.
Inferred Gold 10% Au spot * 100% Au Spot Expected Gold 10% Au Spot* 100% Au Spot
Resource Resource
168,000 Au $180 $1,800 1,000,000 Au $180 $1,800
Value $30,240,000 $302,000,000 Value $180,000,000 $1,800,000,000
*Note-10% Gold Spot represents industry standard for inferred ounces of gold in ground;
100% Gold Spot represents recovered gold but value does not include operating and processing costs.
11. Terra financial pro forma â âRobustâ
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Operation Plans call for a conservative annual production of 30,000 ounce per year of gold in an
underground mining operation at Terra when fully deployed, which equates to $30M per year in
profits at full operation.
The Companyâs assumptions conform to the International Tower Hills (ITH) resource report dated
2/1/08.
Item Assumption Item Assumption
Gold Price per ounce $1,000 Recovery 95%
Silver Price per ounce $20 Cash Costs $434 per ounce
Mining rate per day 250 tons Capital Required $40 million-Secondary Financing
Production per year 90,000 tons Terra Interest 80%
Yearly gold production 33,000 ounces ITH Royalty 2%
Yearly silver production 63,000 ounces Ben Porterfield Royalty 2% (Buydown 2%)
Gold grade 0.390 ounce per ton Mine life 10 years
12. Terra JV Agreement
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Definitive JV Agreement between TMC & ITH.
Joint Venture position: 80% TMC & 20% ITH
TMC operator
Cash Requirements of Terra Project
âą $450,000 option payments
âą $9,050,000 work commitments
Royalty Payments
âą Ben Porterfield â 4% NSR (2% Buydown option)
ï $100,000 yearly advance royalty payment
âą ITH â sliding scale 0.5% - 5% reflective of gold price
13. 2011 Field Season Highlights
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Expansion of Exploration Permit for Bulk Sample and
Milling finalized May 2011
CoreOne Drillers commenced drilling July 2011 to
expand resource base
Bulk sample gold mill construction on site July 2011
Staffed with geologists, miners & mill workers
Road Construction to Ben Vein
Moved 111 tons of tailings with 1.5 opt AU
16. Terra Location
130 miles northwest of Anchorage in an emerging mining region. 16
KiskaâsWhistler (5.75M oz
Au eq) is 35 miles east
Millrock & Kennecott have
properties near Terra
18. Terra Project
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High grade gold veins with visible gold
NI 43-101 compliant report (2010)
168,000 ounces gold inferred resource
310,000 ounces silver inferred resource
Simple metallurgy â gravity concentration
Vein open in two directions (depth & north)
Five additional vein sets untested
Veins widespread â 1.3 miles x 500 ft.
Surface work program for 2010.
Drill program planned for 2011
19. Ben Vein drilling results â Bonanza Vein System
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N S
Plan view of Ben Vein drilling â Long section of Ben Vein (looking east) â
2005, 2006, & 2007 open to north and at depth
20. Terra Upside â Additional gold targets
Terra has the potential to grow in size at the Ben Vein as well as additional discoveries 20
Claim block relatively unexplored
1,557 rock, soil, & silt existing samples
Good inventory of prospecting sites
Numerous gold targets
Copper targets
Personnel and equipment ready
Detailed property geologic mapping
Acquired State of Alaska 2008 geophysical
data.
22. Terra Upside â porphyry copper/gold country
Good exploration ground for bulk tonnage (Whislter/Pebble/Donlin) type targets 22
Numerous geochemical & geophysical targets
Total Magnetic Airborne Survey 900 Hz Airborne EM 7200 Hz Airborne EM
23. Project Timelines
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Year 1: Exploration & Bulk Sampling Pilot
Increase resource ounces
Property wide exploration (porphyry target)
Permitting work; baseline studies
Mobilize small scale production equipment and initiate 25 tons per day seasonal operation
Update technical report with drill results & resource estimate
Secure additional gold projects in predetermined locations
Year 2: Exploration & Pre-Feasibility
Continue drilling â expand resource at depth and along strike
Ben Vein exploration adit/tunnel to develop underground access for drilling and development
Engineering work
Permitting work; baseline studies
Initiate exploration and development at other locations.
Year 3: Feasibility & Development
Continue to scale up development and exploration
24. Contact Info
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Terra Mining Corporation
120 E. Lake Street #401
Sandpoint, ID 83864
Corporate Info
Greg Schifrin President & CEO
Email: gschifrin@terraminingcorp.com
Phone Number
(208) 265-1717 Office
(208) 290-1180 Cell