1. A Global Resource Investment Company and
Merchant Bank
Own a Piece of Our Experience
TSX:AAB OTCPS:AABVF
February 2011 A Forbes & Manhattan Group Company

2. This presentation contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward
looking information includes without limitation, statements regarding the proposed use of the proceeds of the financing, the receipt of
all necessary approvals, the outcome of legal proceedings, the issue of permits, the size and quality of the company’s mineral
resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs,
demand and market outlook for metals, future metal prices and treatment and refining charges, the financial results of the company
the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration
programs, anticipated production schedule and terms and the availability and likelihood of future acquisitions. Generally, forward
looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or
implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and
social uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining industry.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The
Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
This presentation does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The
securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
TSX:AAB 2

3. Global resource investment company / merchant bank
Focused on private, micro- and small-cap resource companies
Unique, value-added approach to investing
Actively builds companies to unlock value targeting triple
digit returns over 2-5 years
Leverages Forbes & Manhattan’s infrastructure
and deal flow
Broad investment mandate in resource sector
First Class Performance (2 Yr =258% )*
Significant exposure to gold in current portfolio
Exciting investments in other resource sectors
*Jan. 31, 2011 results
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4. Aberdeen’s Shareholders Own:
1. Investment Portfolio ~ $123.7 M
Market Value (Jan 31/11) ~ C$1.43* /share
*Excludes value of two gold royalties
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5. Dividend of $0.02/year to be paid
2. Dividend – newly initiated semi-annually on March 31st and
September 30th
3. Gold Royalties paid quarterly >$500K
• Taking companies public to
4. Private & Performance Driven
Upside
improve portfolio liquidity/value
• Bonus shares that will vest at No
Cost upon performance
milestones
5. Ongoing high quality deal flow Supporting next generation
of investments
TSX:AAB 5

6. 258%
2 Year
115%
83% 3 Year
1 Year*
*Unaudited
TSX:AAB 6

7. F&M Provides Industry Leading Technical Knowledge
& Accomplished Financial Markets Professionals
Technical Legal Financial Admin /
Team Team Team Accounting
• Over 25 engineers • 5 full-time • Over 30 people • Over 15
• Over 25 geologists securities with expertise in accounting and
lawyers – M&A administration
• Expertise in all – Investment banking staff
mining, energy & – Corporate
agriculture products development
– Investor relations
Financing
World class team Proven track
Marketing
record
M&A
Actively building companies and creating value
TSX:AAB 7

8. Active Investment Targets
Private
Micro-cap
Seed financings
Active role in management & BOD
+ 100%
From initial
Support financially in early stages
investment
Merchant Banking
Short-term investments
Bridge financing
+ 10% pa
+ Warrants
Fee income
Royalty Revenue
Provides upside to higher gold prices
$2.0 M -
Backed by 8 Moz reserves and $2.5 M
25 Moz resources
pa
TSX:AAB 8

9.  Source high  Develop  Early-stage  Execute
potential business plan (pre-IPO) business plan
resource financing
deal
 Build  GO PUBLIC
management  AAB
 “Seed team/BOD participates
financing”
 AAB  AAB acts as
-Black Iron
provides care taker
-Potash Atlantico
managed management -Forbes Coal
risk capital  Identify capital -Aguia Minerals
requirements
Actively
-”S.A. Platinum”
-Pitchblack creating value
-Temujin Mining
for shareholders
TSX:AAB 9

10. Our Active Strategy Lowers The Risk
1. We invest at “seed” level when valuation is at its lowest
• Often we are involved structuring the deal for ourselves
• Keep large warrant positions and/or debt for upside and
protection
2. We maintain active role as a company partner
• Assist management in early stages
• Leverage F&M network to recruit key operational people
• Retain board seat(s)
3. We offer diversification
• Diversified over number of investments (commodity exposure,
stage of development, etc.)
• Maintain financial flexibility for new opportunities while giving
shareholders good upside exposure to our successes.
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11. Aberdeen’s recent success:
$2.71 $1.75
$1.37
$0.52
$0.20 Avg Cost
$0.26 $0.48 $0.34
Avg Cost
$0.14 Avg Cost
Desert Sun Mining (Gold) Consolidated Thompson (Iron Ore)
Forbes &
Manhattan 3,750% return in 4 years 4,500% return in 3 years
success: $735M sale price to Yamana Gold Production commenced Q1 2010
TSX:AAB 11

12. Asset Class
Public Equities & Warrants
By Commodity
Base Metals
Public
Equities
Cash
Bulks
Gold & Precious
Metals
Warrants
*December 31, 2010
TSX:AAB 12

13. F&M “Forbes” Coal
(FMC-TSX)
$300
$250
$200
(US$ /tonne)
$150
$100
$50
$0
Jan-07
Mar-07
May-07
Jul-07
Sep-07
Nov-07
Jan-08
Mar-08
May-08
Jul-08
Sep-08
Nov-08
Jan-09
Mar-09
May-09
Jul-09
Sep-09
Nov-09
Jan-10
Mar-10
May-10
Jul-10
Sep-10
Nov-10
Jan-11
Richards Bay Thermal Coal Spot Price McCloskey/Xinhua Infolink's Coking Coal Price
 Export grade coal from two mines
 Excellent infrastructure  close to ports
 Potential to TRIPLE production in 2-3 years, strong financial position
 Diverse product lines – both thermal and metallurgical markets
 Future growth projects in Southern Africa
 Thermal Coal Prices up 57% in the last 6 months
TSX:AAB 13

14. Temujin Mining
 World class licenses covering 3 of the most
exciting advanced projects on Oyu Tolgoi copper-
gold belt in Mongolia
 80 km strike length of strong copper and gold
anomalies on 6 licenses
 Limited drilling, no work done since 2005, vastly
improved geopolitical climate
 Drilling started August 2010 - $1.5 MM program
underway
TSX:AAB 14

15. Aberdeen’s recent success:
$8.1M
$3.4M $12.7M
$7.7M
$1.4M
$0.7M $0.7M $2.6M $2.6M $0.2M $1.4M
Cost Current Cost Current Cost Current Cost Current
$0.9M Current
Cost Current Cost
base Price base Price base Price base Price base Price base Price
$0.26 $0.53 $0.11 $0.53 $1.55 $4.52 $0.94 $4.52 $0.10 $0.90 $0.10 $0.90
Current Performance Current Performance Current Performance
Shares Shares Shares
Vested Vested Vested
TSX:AAB 15

16. Valuation (discount) and size are limiting factors to our business model
For our business model, AUM of $250 MM - $500 MM is optimal
• Establish new • Work on reducing • Continue to
fund(s) to raise discount to point maximize current
money at NAV and where we can raise asset base through
be paid as an asset money for accretive steady returns
manager growth • Sell royalty assets
• Transition into fund • Continuation of • Vest performance
management current business warrants
business model
Also will use share buybacks and dividends to further return value to shareholders
TSX:AAB 16

17. Aberdeen compares favorably with the “better-known” resource investment
companies
Sprott Resource Pinetree Capital
Corp.
1.2x Shareholders’ Equity
(adj. Oct 31) 0.5x SE (est.) 1.0x SE (est. Dec 31)
5-10 positions 20-30 positions 400+ positions
• Large size, well financed, • Small market cap • Large size, liquidity
brand name mgmt • Combination of liquid • Holds many passive
• 40% in cash and gold public, private holdings, minority positions,
• Equity accounting gold royalties marked-to-market
(private holdings) means • ACTIVELY participates quarterly (good visibility)
revaluation events are with management to • Shareholders’ equity
rare optimize value and tracks TSXV index
• Heavily weighted to protect interests • Little to no impact for
agriculture and energy • Big investment wins individual positions
• Expensive management have a material impact
fees to shareholders
TSX:AAB 17

18. Portfolio Leveraged To Gold And Junior Market
 New investments in iron ore, coal, agri-minerals and energy set to continue
the momentum in 2011
 Unique access to seed financings on great resource assets
Performance Shares To Deliver Huge Upside Over Next 2 years
 Aguia first resource in mid 2011 would trigger shares to vest
 Forbes Coal on track to meet first EBITDA target by mid 2011
Private Holdings To Deliver And Unlock Value
 3 companies in process with IPO’s coming in the next 12 months
(Black Iron, Potash Atlantico, Private Oil & Gas Company to merge with
Sagres Energy)
 Temujin will continue to incubate for huge potential
 Brazil Potash: drilling world-class resource in Amazon Basin
TSX:AAB 18

19. Contact Details
David Stein Mike McAllister
President & COO Investor Relations
416-861-5812 416-309-2134
dstein@aberdeeninternational.ca mmcallister@aberdeeninternational.ca
Follow us on Twitter: AberdeenAAB A Forbes & Manhattan Group Company

20. TSX:AAB 20

21. Share Structure Major Shareholders
TSX:AAB
Shares Issued & Outstanding
Warrants
86.7M
37.5M
Management &
Directors
17%
(Exercise price $1.00, Expiry Date June 6, 2012)
Options 8.5M
Fully Diluted 132.7M US Global
TD Asset Mgmt
Share Price (Feb 23, 2011) $0.92 Luxor Asset Mgmt
8%
Market Capitalization $79.8M
Sprott Asset Mgmt
52 week High/Low $1.02/$0.32
Shareholders’ Equity (Q3) = $1.33/share
TSX:AAB 21

22. Strong m anagem ent w ith a DEP TH of ex perience in the resource sector and a P ROVEN track
record at building com panies from the seed level through to highly successful ex its
Management Team Board of Directors
George Faught, C.A. Stan Bharti, P.Eng.
Chief Executive Officer Executive Chairman
David Stein, CFA, MSc. George Faught, C.A.
President & Chief Operating Officer Director
Ryan Ptolomy David Stein, CFA, MSc.
Chief Financial Officer Director
Hon. Pierre S. Pettigrew
Director
Advisory Board Bernard Wilson, C.A.
Bruce Humphrey Director
Chairman of Investment Committee Mike Hoffman, P.Eng.
Director
Jean-Guy Lambert, MBA
TSX:AAB Director 22

23. Our Active Strategy Lowers The Risk
Castillian – legacy position,
Aberdeen led restructuring and
refinancing with conv. deb ($0.06
share + ½ wt $0.10). Unrealized
gain of 267%
Sulliden – owned for 2+ yrs, added
selectively to position
Alexis – did not own it
TSX:AAB 23

24. Investment Portfolio Top 5 holdings
1. Sulliden Gold
Value at (Oct 31, 2010): 2.
3.
Forbes Coal
Macusani Yellowcake
20other investments
Agriculture
86M
4. Allana Potash Oil & Gas
C$ 5. Temujin (Private) Mining
Top 5 holdings = 47% of Portfolio
Gold Royalties
8 Moz reserves Cash
1% gold NSR 25 Moz resources Always evaluating new
investments. Typical
Buffelsfontein Mine entry point:
US$2.2M
(Simmers & Jack)
Mine Waste Solutions Current net over next
C$ 1-5M
(First Uranium) 12 months
TSX:AAB 24

25.  GOLD
 METALS
 BULK
COMMODITIES
 AGRI MINERALS
 ENERGY
TSX:AAB 25