NUEVA SEGOVIA PROPERTY OVERVIEW Cassius Ventures Ltd. September 25, - - PDF document

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NUEVA SEGOVIA PROPERTY OVERVIEW

Cassius Ventures Ltd.

September 25, 2012 Eddy Canova, P. Geo.

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INTRODUCTION

Cassius Ventures Ltd., a junior mining company listed on the TSX Venture Exchange (CZ-V), is currently exploring three project areas located in Nicaragua. The project areas comprise 17 concessions over 160,000 hectares and are located in the León, Nueva Segovia and Chontales districts. The three project areas are all easily accessible by asphalted and/or gravel roads. The location of Cassius’s concessions as well as other concessions and mines of interest are shown in Figure 1. Figure 1 – Cassius Ventures Project Areas (Nueva Segovia, León, Chontales)

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District

Nueva Segovia Leon Chontales

Concession

9 4 4

Area (ha)

60,814 62,000 38,000

Geological Model

Epithermal Quartz veins Epithermal System + Porphyry Epithermal system

Adjacent Properties

Golden Reign, Corazon Gold B2 Gold (Limon Mine) Condor (La India) B2 Gold (La Libertad Mine)

Figure 2 - Concessions and Target Anomaly Areas Table 1 below provides an overview of the concessions and geology by project area as well as adjacent activity of other producers and developers in Nicaragua. Table 1 - Overview of Concessions by Project Area

4 The Company completed a 12 month exploration program from July 2011 – June 2012 consisting of:

• Stream sediment, soil, rock chip, and trench channel sampling on concessions not previously

sampled as well as concessions worked on historically

• Soil geochemistry surveys on prospective areas
• Trenching on four historic targets in addition to other targets identified as part of the

exploration program

• 1,270 metres of drilling over 10 holes focused on targets in the Nueva Segovia project area
• The identification in the León project area of several gold anomalies and an extensive trend of

gold anomalies over 15km, in addition to a Au-Mo mineralization system within a porphyry Over the past few months, the Company has compiled an extensive amount of information through its exploration efforts. The focus was placed on compiling these results and interpreting the data to re- define the exploration program through geochemistry, geological mapping, and sampling. The program identified four principal areas for finding high grade epithermal gold mineralization in quartz veins and in shear zones: Manto de la Corona, La Lampara, El Escandolo and Cobano. Manto de la Corona – Located in the La Jalapeña concession, trenches, old workings and drill holes (JD- 03) intersected deformed schists penetrated by quartz veins. The quartz veins returned gold values between 1.22 g/t Au and 16.67 g/t Au in a gently dipping gold mineralization trend. The mineralization is

• bserved over distances of 100 m and is open to the northeast augmenting the potential for finding

additional gold mineralization. La Lampara - Just 4 km south at the Los Angeles concession is La Lampara, an area with potential for epithermal gold mineralization. Old underground tunnel workings and drill holes (LD-03) have returned gold values ranging between 1.04 g/t Au and 12.97 g/t Au with thicknesses of up to 1.5 m. The gold mineralization has been observed over a distance of 250 m and the mineralized structure is open. El Escandolo – Within the El Zúngano concession is El Escandolo, where gold mineralization has been

• bserved in schists penetrated by quartz veins within old underground workings and small trenches.

Channel samples graded between 1.03 g/t Au and 14.30 g/t Au with sample widths of up to 1.2 m. The mineralization appears to extend over a distance of approximately 560 m. Cobano - A second site within El Zúngano called Cobano, 5.0 km west-northwest of El Escandolo, has a quartz vein structure with widths between 3 m and 6 m and is observed over a 50 m to 100 m strike

• length. Four grab samples collected in the area returned assays between 3.02 g/t Au and 19.59 g/t Au.

The vein structure is open along its strike and at depth. Cassius has defined exploration programs to target high grade epithermal vein systems models of 200,000 to 400,000 oz Au. (This is a conceptual exploration model and any quantification of resources will have to follow the 43-101 guidelines). This presentation is focused on providing geological background, work completed to date and recommendations for future work in respect of the Nueva Segovia project area.

5 Nicaragua - Background Nicaragua is a stable country with a government that has favorable mining regulations and with an availability of excellent labour and manpower. The Nicaraguan economy is led by the coffee industry but gold is in second place and quickly catching up. The present government was elected in November 2011 and has a five year term. From meetings with Mr. Daniel Ortega, the Nicaraguan president, Cassius Ventures understands that mining is viewed by the government as a vital economic driver to decrease poverty in the country. Figure 3 – John Thomas, President and CEO of Cassius with President Daniel Ortega The main gold producers in the country are B2 Gold Corp. with the El Limon and La Libertad mines (production slated to be 160,000 ounces in 2012, rising to 200,000 in 2014) and Hemco, a private company, focused on the development of deposits located in the northern part of Nicaragua (expected to produce 60,000 ounces in 2012). There are producers and explorers operating in proximity to the Company’s project areas. The El Limon (B2 Gold) and La India (Condor Resources) mines are located on the west and east side of the León properties and the two combined have produced over 4 million ounces of gold historically. The two properties also have multi-million ounce gold resources. Golden Reign (GRR-V) has an advanced exploration project practically surrounded by the Nueva Segovia concessions, and in the south east, the Chontales concessions are near the La Libertad mine. Despite present production, Nicaragua is considered to be underexplored, and possesses great

• potential. Accessibility to the country is excellent with several flights daily from the US.

6 Nicaraguan Mining Law was revised in 2006 – some of the key elements of law include:

• Concessions rent ranges from $0.75/ha p.a. to maximum $12/ha after 12 years
• Royalty to government of 3% NSR
• Concession owners exonerated from payment of import duties and sales taxes on all equipment

and accessories necessary for exploration and exploitation of mineral resources

• 30% corporate tax rate with typical depreciation and loss allowances

NUEVA SEGOVIA - PROPERTY DESCRIPTION

The Nueva Segovia project area is located 162 km north of Managua and easily accessible by the Pan- American Highway up to Ocotal and then east along highway roads to Jicaro and gravel roads to Murra. The town of Murra is located 2 km west of the concession boundaries. The project area consists of 9 concessions covering 60,000 hectares in a north-south trending group of concessions (Figure 4). Table 2 – List of Concessions at Nueva Segovia

Name Area (Ha) Date of approval Issued Years

La Union 824 March 13, 2008 25 El Carmen 1,600 February 2, 2006 25 La Jalapeña 4,862 July 20, 2006 25 Los Angeles 16,051 July 20, 2006 25 Murra 8,674 May 23, 2006 25 Bana 1,300 December 13, 2006 25 Mina America 163 January 8, 2007 25 Mina America II 3,576 March 13, 2008 25 El Zúngano 23,814 April 7, 2010 25 Total 60,864

The San Albino Arras gold deposit, currently being explored by Golden Reign, lies approximately 3 km to 4 km west of the property limits of the Nueva Segovia properties. The veins are part of an epithermal narrow quartz vein system mineralized with gold trending SW to NE.

7 Figure 4 - Nueva Segovia Concessions

GEOLOGY

The Nueva Segovia property is located in the northern part of Nicaragua within a belt of Paleozoic metamorphic rocks within structural suture zones such as the Guayape. The units consist of metasedimentary phyllites and schists, grey, foliated pelites and granular units, gritty arenites and

• wackes. There is a large quantity of graphitic schists penetrated with quartz carbonate veins that occur

within these sequences. These quartz veins may be mineralized with gold, pyrite, arsenopyrite, galena and chalcopyrite at times. The metasediments to the north-northwest are intruded by massive granite – quartz-monzonite batholiths forming the Dipilto – Jalapa mountain range of Upper Cretaceous age. The region has had three stages of deformation with an initial stage of deformation with foliation development and quartz vein penetration and initial compression. A second compressional event in the area resulted in recumbent folding and the development of a second series of foliation, fractures, shears and veins. This was followed by extensional deformation, resulting in a third series of structures with vertical to sub-vertical normal faults and displacing the quartz veins created in the first deformation. The gold mineralization is associated with the first event of deformation and quartz vein development.

8 The foliation in the region is predominantly trending east-northeast and dips to the northwest. The gold mineralizing system is an epithermal vein type system resulting from hydrothermal activity in the region. The veins are narrow, colorless to white and milky with gold mineralization at times being visible. The veins occur within phyllite schists and mineralization may occur in the vein and within the margin of the

• phyllites. The length of the veins is controlled by the structures in the schists.

The Company’s work to date has identified mineralized veins in the La Jalapeña concession (Manto de la Corona), the El Zúngano concession (El Escandolo and Cobano) and the Los Angeles concession (La Lampara). The location of these is shown in figure 4.

HISTORICAL WORK

Old workings dating from colonial times to the 1950’s are found on most of the concessions The areas were explored between 2005 and 2007 by Fortress carrying out mapping, prospecting, soil geochemistry sampling and stream sediment sampling. Specifically, Fortress completed detailed work in the Nueva Segovia project area. In total, Fortress had collected 3,659 rock samples, 4,243 soil samples, and 1,017 stream sediment samples. The stream sediment samples resulted in 32 anomalous samples with values over 6,000 ppb Au. Follow up soil sampling was conducted over five different areas including Manto de la Corona, Mina America, Jalapeña, Los Angeles, and El Carmen. Maximum gold values of over 1,400 ppb Au were reported and 56 samples showed greater than 100 ppb Au. After the soil sampling was completed, detailed trenching and prospecting was carried out at six different sites in the area. The rock samples were collected from

• utcrops, trenches, and underground tunnels. The maximum value obtained was 127,600 ppb Au with

168 samples assaying over 1,000 ppb Au. Two historical underground tunnels have been discovered at Manto de la Corona. At Manto de la Corona, approximately 65 m east of JD-01 (Figure 5), an adit was found to intersect the gently east- southeast trending veins dipping 20° to the northeast. The tunnel extended a distance of 25 m to the southwest to intersect veins of 20 cm to 60 cm veins that pinch and swell (Figure 6). The veins occur in saprolitic rocks that are schistose, with veins that are white to colorless with visible oxidized grains (possibly pyrite). Crushing of the quartz vein and contact wall rock and panning of crushed material resulted in the visualization of visible gold grains. At La Lampara, 16 historical underground tunnels were discovered and most had quartz veins with some oxidation of possibly sulphides (Figure 8).

9 Figure 5 - Manto de la Corona - Surface Map, Trenches and Underground Workings Figure 6 - Manto de la Corona - Underground Tunnel Work The 43-101 Technical Report prepared by Moose Mountain Technical Services (available at www.cassiusventures.com or www.SEDAR.com) documents and summarizes the historic exploration work completed on the Nueva Segovia Concessions.

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RECENT WORK

Overview A significant amount of work had been done by Fortress de Nicaragua (now owned by Cassius Ventures Ltd.) from 2007 – 2009 identifying strong gold anomalies during that time. The three strongest and most extensive anomalies were Manto de la Corona (MdlC) and Deagueda, both on the La Jalapeña concession, and Mina America on the Mina America concession. Stream sediment sampling helped identify gold bearing targets and free gold was observed when panning stream sediments in these areas. Fieldwork for the 2011 / 2012 exploration program commenced in July 2011 and was focused on

• Stream sediment, soil, rock chip, and trench channel sampling on concessions not previously

sampled as well as concessions worked on historically

• Soil geochemistry surveys on prospective areas
• Trenching on four historic targets in addition to other targets identified as part of exploration

program

• Identification of reconnaissance drill targets based on sampling and trenching results

Procedures regarding the exploration program are set out in Appendix B of this presentation. A summary of the work carried out between the period of July 2011 and December 2011 on the Nueva Segovia concessions is shown below: Table 3 – Sampling Activity at Nueva Segovia Trench channel samples Soil Steam Sediment Trench – meters La Jalapeña 826 341 714 Los Angeles 337 591 337 Mina America 1 and II 239 61 Bana 33 La Union 52 Murra 33 Total 1,163 1,289 61 1,051 The Company completed a total of 1,289 soil samples, 1,163 trench samples, and 1,051 metres of trenching at Nueva Segovia, with work focused on the Manto de la Corona, La Lampara, Deagueda, El Olingo, El Escandolo and Cobano targets. 714 meters of trenching was excavated on the Deagueda and Manto de la Corona anomalies located on the La Jalapeña concession and 337 meters were excavated on the El Olingo anomaly located on the Los Angeles concession. These trenches were subsequently channel sampled.

11 The results from sampling (Figures 7 and 7A) and trenching in Nueva Segovia helped identify the first three reconnaissance drill targets at Manto de la Corona in the La Jalapeña concession and an additional seven reconnaissance drill targets at La Lampara in the Los Angeles concession. The 1,270 m reconnaissance drill program took place from February to May 2012. Table 4 – Drilling Activity at Nueva Segovia Anomaly Concession Number of Drillholes Drilling (m) Manto de la Corona La Jalapeña 3 800.62 La Lampara Los Angeles 7 468.68 Total Drilling 10 1,270.3 Figure 7 – Soil Sample Assays (Au ppb) - Nueva Segovia

12 Figure 7A - Rock sample assays (Au ppb) Nueva Segovia Sampling La Jalapeña At Manto de la Corona, a total of 341 soil samples were taken with results ranging between 233 and 847 ppb Au. Several soil samples with strong Au anomalies were obtained at Manto de la Corona (Figures 7 and 7A) as well as to the east and northeast. Subsequent trenching of nine different areas within the Manto de la Corona anomaly was carried out, the results of which led to the identification of three drill targets. Los Angeles At La Lampara, approximately 20 hectares of anomalous gold values were identified through the Company’s 2011 exploration program and have led onto the discovery of 16 historical tunnels that have been subsequently mapped and sampled. As a result, seven drill holes were drilled over seven tunnels (Figures 8, 9A, 9B & 9C). La Lampara has four tunnels that returned values, all of which are displayed in the Table 5. Tunnels 1 and 2 uncovered two quartz veins with thicknesses of 0.5 m to 1.00 m. The veins trend at 102° and dip at -29⁰S and trends at 106⁰ dipping -30°N. The veins in tunnel 1 gave 7 grades ranging between 0.697

13 g/t Au to 11.05 g/t Au and tunnel 2 gave 9 grades ranging between 0.534 g/t Au to 4.851 g/t Au (Figure 9A). Furthermore, tunnel 6 returned three significant gold assays of 1.57 g/t Au over 1.0 m, 5.25 g/t Au over 0.75 m and 12.97 g/t Au over 1.00 m (Figure 9B) and at tunnel 14 with three intersections grading 0.60 g/t Au over 0.86 m and 1.58 g/t Au over 0.81 m. Santo Domingo, an area covering almost fifty hectares, has anomalous gold values and includes small historical workings. The anomaly continues onto a neighboring concession held by Golden Reign. El Doradito, an area of approximately 8 hectares, has anomalous gold values based on soil sampling and appears to extend to the south. Additional sampling will need to be performed to verify the extent of this anomaly. Table 5 - La Lampara - Channel Sampling Feature ID Channel From To Grade Width True Vein No m m Au g/t m Width Dip° Tunnel 1 1 1.00 1.50 2.28 0.50 0.44

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Tunnel 1 3 0.90 1.65 1.15 0.75 0.66

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Tunnel 1 4 1.00 1.50 6.08 0.50 0.44

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Tunnel 1 5 0.00 0.50 11.05 0.50 0.44

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Tunnel 1 6 0.00 1.00 2.31 1.00 0.87

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Tunnel 1 10 1.10 1.60 0.70 0.50 0.44

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Tunnel 1 11 1.00 1.70 0.74 0.70 0.61

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Tunnel 2 14 0.00 0.60 0.61 0.60 0.52

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Tunnel 2 14 0.60 1.60 1.55 1.00 0.87

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Tunnel 2 24 0.00 0.80 1.20 0.80 0.69

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Tunnel 2 25 0.00 0.60 0.62 0.60 0.52

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Tunnel 2 26 0.00 0.75 4.85 0.75 0.65

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Tunnel 2 26 0.75 1.50 0.53 0.75 0.65

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Tunnel 2 27 0.00 1.00 0.74 1.00 0.87

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Tunnel 2 28 0.00 1.00 1.20 1.00 0.87

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Tunnel 2 29 0.00 0.75 0.67 0.75 0.65

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Tunnel 6 2 0.00 0.75 5.25 0.75 0.69

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Tunnel 6 3 0.00 1.00 1.57 1.00 0.92

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Tunnel 6 4 0.00 1.00 12.97 1.00 0.92

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Tunnel 14 4 0.00 0.81 1.58 0.81 0.50

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Tunnel 14 9 0.00 0.50 1.30 0.50 0.31

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Tunnel 14 9 0.50 1.36 0.60 0.86 0.53

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14 Figure 8 - La Lampara - Surface Map and Underground Tunnels

15 Figure 9A - Tunnels 1 and 2 at La Lampara

16 Figure 9B - Tunnel 6 at La Lampara

17 Figure 9C - Tunnel 14 at La Lampara

18 Mina America 2 Cassius has identified two anomalous areas in the Mina America 2 concession: Las Animas and La Reforma. At Las Animas, historical anomalous gold values were discovered and it is known that 6 reverse circulation holes were drilled in 1987 but were not assayed. There are also additional small-workings in the area. The area sampled at La Reforma extends over both Mina America and Mina America 2. High gold values (maximum of 1,415 ppb Au) have been recorded and the area appears to extend in both an easterly and westerly direction. Free gold occurs in creeks in this area (Figure 10) and there are approximately 30 tunnels from historic small - workings. Figure 10 - La Reforma Area Stream Sediment Samples El Zúngano On the southern end of Nueva Segovia is the El Zúngano concession which holds the area known as El Escandolo, which has old workings, trenches and underground tunnels that were visited. These workings have a milky quartz vein of 1 m in width, weakly oxidized, trending 35° and dipping 10°SE. The second site has three tunnels with flat lying quartz veins of 1 to 4 cm in width amounting to approximately 5% quartz veining in oxidized schists (Figure 11). A third tunnel has 1 to 10 cm quartz veins, which are flat lying and occur in oxidized schists. Chip samples taken from the quartz vein returned an assay of 6.83 g/t Au. The tunnels at Bocamina (Figure 11) had 44 channel samples collected with assays grading between 1.00 g/t Au and 4.45 g/t Au. The gold mineralization in the El Escandolo area occurs in quartz veins and trends over a strike length of 565 m.

19 Figure 11 - El Escandolo - Channel Sampling Another area of interest is the Cobano area which has a wide quartz vein of 3.0 to 6.0 m in width with a strike length of 50 m (Figure 12). The quartz vein is milky in colour with some chlorite and oxidation

• ccurring in the schists. The quartz vein trends 300° and dips 64°SW. The quartz vein has been
• bserved over 5 sites stretching over a strike length of 50 m (Figure 12). Samples have been collected at

all five sites. The sample at site one returned an assay of 3.02 g/t Au as a grab sample on the quartz

• vein. Sample site 4, a grab sample, returned an assay of 0.15 g/t Au. The other three sites gave lower

assay values of 0.047 g/t Au, 0.075 g/t Au and 0.082 g/t Au.

20 In May 2011 quartz vein samples were collected in the general Zúngano area and three grab samples returned assay values of 3.8 g/t Au, 5.96 g/t Au and 19.59 g/t Au (location 599413E, 1500403N and at 665 m elevation). These samples are 180 m south of the sample site 5. A second sample site assayed 0.79 g/t Au at 599344E, 1500352N at 617 m elevation. This structure is extremely promising as it maintains its width over a distance of 50 m and appears to continue down a major structural feature in the area. Figure 12 - Cobano Area in the El Zúngano Concession

21 Figure 13 - Au soil geochemistry results Arsenic, Copper and Molybdenum Anomalies Many of the soil and rock samples collected as part of the 2011/2012 exploration program were tested for multi-elements geochemistry. Appendix A provides data and figures showing the various anomalous areas with respect to arsenic, molybdenum and copper. There is generally a direct relation between gold, arsenic and copper anomalies. The anomalies occur in the areas of Manto de la Corona, Mina America, La Jalapeña, La Lampara and El Carmen. Trenching La Jalapeña At Manto de la Corona, between June 2011 and February 2012, nine 5 m deep trenches were dug totalling 409 meters (Figure 16). The trenches had several samples return anomalous values between 0.3 g/t Au and 0.85 g/t Au with one sample assaying 63.7 g/t Au over a width of 1.00 m. Trench 2 had four samples collected, ranging from 102 ppb Au to 742 ppb Au over a width of 1.00 m. Trench 5 had 78 samples collected with the maximum value being 120 ppb Au over a width of 1.00 m. Trench 7 had 347 samples collected with 168 anomalous values ranging between 135 ppb Au to 845 ppb Au with widths of 1.00 m. Trench 7 also had 11 samples assaying between 1242 ppb Au to 16661 ppb Au and with a maximum value of 63,712 ppb Au with a width of 1.00 m. Trench 8 had 72 samples collected with 20

22 anomalous values ranging between 130 ppb Au to 602 ppb Au (maximum value) with widths of 1.00 m. Trench 9 had 55 samples collected with 5 anomalous values ranging between 130 ppb Au to 382 ppb Au with a width of 1.00 m. The most encouraging trench was trench 7 with 10 m grading at 1.98 g/t Au

• ver a width of 1.00 m.

Trenching at Manto de la Corona cut a series of graphitic schists that are deformed and penetrated by several quartz carbonate veins and veinlets of 1 cm to 2 m in size. Oxidation is visible on the margins of the quartz carbonate veins and the saprolitized rock is red to orange in color. Underground tunnels in the area (Figures 5 and 6) indicate narrow pinch and swell quartz veins that are white to colorless dipping gently (20°) to the north-northeast, with visible gold observed in the panning of the veins. Deagueda – 239 meters of trenching has been excavated on this anomaly, which is situated approximately 500 meters north of Manto de la Corona. The anomaly is about 100 m wide by approximately 300 m wide along an east-west orientation. These trenches uncovered schists cut by quartz veins. Trench 2 at Deagueda had 117 samples collected with 57 anomalous values ranging between 136 ppb Au to 1070 ppb Au over widths of 1.00 m. Figure 14 - Trenching at Manto de la Corona Los Angeles Concession At El Olingo, 351 meters of trenching over 3 trenches has been excavated to cover the soil Au anomalies. The trenches cut deformed schists penetrated with quartz veins. Trench 1 had 227 samples collected with 40 anomalous values ranging between 130 ppb Au to 1075 ppb Au over widths of 1.00 m. Trench 2 had 36 samples collected with five anomalous values ranging between 155 ppb Au to 387 ppb Au over widths of 1.00 m. Finally, trench 3 had 34 samples collected with a maximum value of 76 ppb Au over a width of 1.00 m.

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Drilling

Manto de la Corona The Company completed three drill holes over 800 metres at Manto de La Corona (see Figure 5). Highlights from these holes include:  Anomalous Au values in drill hole JD-01 at 38 m grading 0.12 g/t Au over 1.52 m  9 Au values in drill hole JD-02 assaying greater than 0.20 g/t Au with a maximum value at 44.08 m assaying 0.81 g/t Au over 0.92 m  Three intersections at drill hole JD-03 of 1.08 g/t Au over 12.16 m (drill core length) at the surface (note a core recovery of 56.3%), 1.00 g/t Au over 8.73 m at 35.87 m depth, 0.33 g/t Au

• ver 3 m at 174.15 m depth and 0.38 g/t Au over 1.5 m at 208.5 m depth

A comprehensive table of drill results is illustrated in Table 6 below. The drilling, which was of HQ caliber, comprised core samples up to a maximum length of 1.5 metres. Core samples collected were sent to Inspectorate Laboratories in Managua, Nicaragua for sample preparation and assaying was performed by Inspectorate Laboratories in Reno, Nevada. Inspectorate Laboratories is an arms-length party with respect to Cassius Ventures Ltd. The drill holes were testing gold anomalies associated with quartz veins on trenches with values ranging between 87 ppb Au and 400 ppb Au. The drilling intercepted grey graphitic schists with locally quartz- carbonate veins. In drill hole JD-01, grey graphitic schists were penetrated by fine quartz veins of 1 to 2 cm, with graphite and 1 to 2% pyrite. The hole intercepted anomalous Au values at 38.0 m grading 0.12 g/t Au over 1.52 m. Drill hole JD-02 also intercepted grey graphitic schists with quartz veins cutting through the schists. Quartz veins of 10 cm to 1.2 m occur at five intervals between depths of 139.5 m to 202.0 m. The hole intercepted nine Au values greater than 0.20 g/t Au with a maximum at 44.08 m grading 0.81 g/t Au

• ver 0.92 m. At 25.84 m assays returned a grade of 0.34 g/t Au over 1.52 m and at 59.86 m a grade of

0.33 g/t Au over 1.31 m. The third hole, JD-03 had a total depth of 250.8 m. Three mineralized intervals were encountered. The first interval starts at the surface within a saprolite grading 1.08 g/t Au over 12.16 m (drill length) and this interval includes a grade of 8.29 g/t Au over 1.0 m, albeit with poor core recovery of 56%. The graphitic schist is penetrated by quartz veins that have returned assay results of 0.30 g/t Au over 2.28 m at 17.8 m depth, with a core recovery of 87%, and 1.00 g/t Au over 8.73 m at 35.87 m depth (core length) with a core recovery of 80%. Further down hole, two anomalous gold intersections were

• btained at 174.15 m grading 0.33 g/t Au over 3.0 m and at 208.5 m grading 0.38 g/t Au over 1.5 m.

During drilling at Manto de la Corona, two further quartz veins were found and sampled. The first quartz vein is 200 m west of drill hole JD-01 with an exposure measuring 60 meters in length with 3 to 4 m in width. The quartz vein had been worked on in the past with short tunnels into the vein. Assay

24 results from 4 channel samples on this vein (El Manton vein) returned 7 anomalous gold assays ranging between 0.09 g/t Au and 0.90 g/t Au with one channel assaying 0.86 g/t Au over 1.72 m. The second quartz vein is 70 m east of drill hole JD-01, occurs underground in a tunnel and has widths of 0.3 to 0.5 m dipping at a shallow angle to the east-northeast (Figure 18). Channel samples collected from Tunnel C1 include 4 gold assay results of 6.25 g/t Au over 0.30 m (vertical channel), 4.30 g/t Au

• ver 0.54 m (vertical channel), 1.47 g/t Au over 0.65 m (vertical channel) and 0.84 g/t Au over 0.50 m

(vertical channel). In Tunnel C2, four samples returned anomalous assays ranging between 0.19 g/t Au to 1.66 g/t Au and one channel returned an intersection of 1.66 g/t Au over 0.50 m. Two quartz veins 50 m south of Tunnel C2 were channel sampled and returned values between 0.21 g/t Au and 3.45 g/t Au, with one channel sample returning an assay of 3.45 g/t Au over 0.65 m. Figure 15 - Tunnels at Manto de la Corona

25 La Lampara Although this area has not been trenched, La Lampara has become a significant drill target due to a remarkable gold-arsenic anomaly with a maximum gold value of 696 ppb Au and an arsenic value of 2,095 ppm As. The soil geochemical program has guided the Company through the discovery of 16 historical underground tunnels and workings. A program of seven drill holes covering 468.7 metres was performed on the La Lampara gold anomaly (see table 6 below). The targets are sub-horizontal stockwork of narrow quartz veins. The first drill hole was located 20 m north of tunnels 1 and 2 with the

• bjective of intercepting the veins at 25 to 30 m depth.

Drill hole LD-01 intercepted 2 quartz veins, one at 3.85 m over a length of 2.35 m in an oxidized schist and a second at 14.90 m intercepted the second quartz vein. Both veins were oxidized on the edges and also occurred in an oxidized schist. The drill hole returned one assay at a depth of 47.6 m grading 0.70 g/t Au over 1.04 m in a graphitic schist with quartz carbonate veinlets. The second hole, LD-02, only intercepted a quartz vein at 67.17 m with a thickness of 0.49 m. The drill hole intercepted two anomalous zones at 19.76 m grading 0.18 g/t Au over 1.00 m and at 25.05 m grading 0.12 g/t Au over 1.55 m in weakly to moderately oxidized graphitic schists with 2% to 3% quartz carbonate veins of 1 cm to 10 cm in width. Drill hole LD-03 was located next to a trench with a wide quartz vein of 1.8 m but it was not intercepted by the drill hole. The drill hole intercepted a series of milky to colorless, weakly oxidized quartz veins of 5 cm to 30 cm between depths of 18.4 m and 31.45 m. The drill hole did not appear to have hit the same vein as was exposed in the trench. The drill hole had three intersections at 61.4 m grading 1.04 g/t Au over 1.5 m, at 62.9 m grading 0.19 g/t Au over 1.5 m and at 79.4 m grading 0.15 g/t Au over 1.16 m. Drill holes LD-04, LD-05 and LD-06 were located north of LD-01 and LD-02 to test the area around the northern set of tunnels 10 and 11. The drill holes have an upper section of oxidized schists that are penetrated by narrow oxidized quartz veins of 1 to 10 cm. LD-04 has oxidized schists at 0 m to 15.65 m with 28 milky quartz veins of 1 to 8 cm and from 15.65 m to 60.8 m a graphitic schist with 3 to 4% quartz carbonate veining with oxidation. The drill hole has three anomalous intersections at 2.24 m grading 0.19 g/t Au over 3.84 m, at 36.48 m grading 0.38 g/t Au over 3.04 m and at 45.6 m grading 0.46 g/t Au

• ver 1.5 m. LD-05 has a section of 0 to 15.3 m of oxidized schists with 10% quartz veins of 1 to 5 cm, at
• 15. 3m to 34.65 m are graphitic schists with 5% to 7% quartz carbonate veining ( 1 cm to 10 cm veins)
• xidized on the margins and with traces of pyrite, and at 34.65 m to 60.80 m are graphitic rich schists

with 2% to 4% quartz veins (1 cm to 2 cm veins). The drill hole had three anomalous intersections at 29.13 m grading 6.84 g/t Au over 11.99 m (at 30.63 m includes 53.06 g/t Au over 1.5 m), at 50.13 m grades 0.11 g/t Au over 1.55 m and at 53.25 m grades 0.13 g/t Au over 1.55 m. Finally, LD-06 has a section of 0 to 18.6 m with oxidized schists with 5% quartz veins of 1 to 5 cm. At 18.6 m to 26.5 m are graphitic schists with 2% to 4% quartz veining ( 1 cm to 4 cm veins) and with weak oxidation, and at 26.5 m to 65.36 m are graphitic schists with 3% to 5% quartz veins (1 cm to 5 cm veins) and with some

• xidation. The drill hole has two anomalous intersections at 20.24 m grading 0.03 g/t Au over 1.04 m

and at 53.20 m grading 0.03 g/t Au over 1.52 m.

26 Drill hole LD-07 was drilled just over tunnel 1 and a quartz vein of 1.28 m was intercepted at 8.26 m with weak oxidation, and traces of galena (PbS2) occurring in oxidized schists and saprolite. At 27.8 to 50.6 m the schists are strongly deformed and penetrated with fine quartz veins with traces to 1% fine pyrite. The drill hole has two anomalous intersections at 1.23 m grading 0.22 g/t Au over 1.81 m and at 8.26 m grading 0.14 g/t Au over 1.08 m. This area will require further mapping and sampling to get the proper location and understanding of the vein system in the area. Table 6 - Drill Hole Intersections for Manto de la Corona and La Lampara

Concession Location Comments DDH From To Grade Width True Vein m M Au g/t m Width Dip° La Jalapena Manto de la Corona 2 Intervals JD-01 38.00 39.52 0.12 1.52 1.38

• 65

La Jalapena Manto de la Corona 1 Interval JD-02 3.04 4.56 0.21 1.52 1.38

• 65

La Jalapena Manto de la Corona 1 Interval JD-02 25.84 27.36 0.34 1.52 1.38

• 65

La Jalapena Manto de la Corona 1 Interval JD-02 30.40 31.66 0.27 1.26 1.14

• 65

La Jalapena Manto de la Corona 2 Intervals JD-02 44.08 46.40 0.45 2.32 2.10

• 65

La Jalapena Manto de la Corona 5 Intervals JD-02 56.84 61.17 0.22 4.33 3.92

• 65

La Jalapena Manto de la Corona 10 Intervals JD-03 0.00 12.16 1.08 12.16 11.02

• 65

La Jalapena Manto de la Corona Inclus. JD-03 0.00 1.00 8.29 1.00 0.91

• 65

La Jalapena Manto de la Corona Inclus. JD-03 7.60 9.12 1.22 1.52 1.38

• 65

La Jalapena Manto de la Corona 7 Intervals JD-03 35.87 43.39 1.00 7.52 6.81

• 65

La Jalapena Manto de la Corona Inclus. JD-03 36.87 38.07 1.80 1.20 1.09

• 65

La Jalapena Manto de la Corona Inclus. JD-03 38.07 39.52 1.71 1.45 1.31

• 65

La Jalapena Manto de la Corona Inclus. JD-03 40.89 42.39 1.03 1.50 1.36

• 65

Los Angeles La Lampara 1 Interval LD-01 47.60 48.64 0.70 1.04 0.80

• 50

Los Angeles La Lampara 1 Interval LD-02 19.76 20.76 0.18 1.00 0.94

• 70

Los Angeles La Lampara 1 Interval LD-02 25.05 26.60 0.12 1.55 1.46

• 70

Los Angeles La Lampara 1 Interval LD-03 61.40 62.90 1.01 1.50 1.06

• 45

Los Angeles La Lampara 1 Interval LD-03 79.40 80.56 0.15 1.16 0.82

• 45

Los Angeles La Lampara 2 Intervals LD-04 3.66 6.08 0.27 2.42 2.41

• 85

Los Angeles La Lampara 2 Intervals LD-04 36.48 39.52 0.27 3.04 3.03

• 85

Los Angeles La Lampara 1 Intervals LD-04 45.60 47.10 0.46 1.50 1.49

• 85

Los Angeles La Lampara 7 Intervals LD-05 30.63 41.12 7.79 10.49 10.33

• 80

Los Angeles La Lampara Inclus. LD-05 30.63 32.13 53.06 1.50 1.48

• 80

Los Angeles La Lampara 1 Intervals LD-06 51.68 53.20 0.14 1.52 1.50

• 80

Los Angeles La Lampara 2 Intervals LD-07 1.23 3.04 0.22 1.81 1.81

• 90

Los Angeles La Lampara 1 Intervals LD-07 8.26 9.34 0.14 1.08 1.08

• 90

27

CONCLUSION AND RECOMMENDATIONS

Work to date indicates that the Nueva Segovia project area contains four primary areas of interest with the potential of finding epithermal gold mineralization in quartz veins. The mineralization is observed in highly deformed schists penetrated by quartz veins mineralized in gold. The gold mineralization has been observed in old tunnels, trenches and in recent drill holes with values ranging between 1.08 g/t Au to 16.67 g/t Au. The mineralization has been observed on all four areas with varying strike lengths of approximately 100 m to 560 m. The Nueva Segovia project area is known as an area obtaining high grade gold values in epithermal vein systems. Further work will focus on determining the extent of the mineralization, as well as additional areas which could be of interest as exploration continues. Manto de la Corona Manto de la Corona area has the occurrence of narrow to wide quartz veins dipping gently to the north that have had considerable historical work. A strong gold anomaly exists in the area which was verified through the Company’s drill program. Such mineralization warrants further exploration. The area requires a trenching program of 1,500 m as well as sampling of the identified quartz veins in

• rder to follow the mineralization. Any successful trench results will be followed by 1,200 m of drilling

with 100 m to 150 m drill holes. La Lampara Sampling in the Tunnels at La Lampara has returned several Au values greater than 1 g/t Au. It is recommended that 1,500 m of trenching be carried out on each of these tunnels to get a better understanding of the vein system and mineralization. A two month mapping and prospecting program is also recommended to discover more mineralization and historical workings, with additional trenching if

• required. Successful trenches will be drilled. A program of 1200 m of drilling is recommended with

holes of 100 m to 150 m in depth. El Zúngano El Escandolo and Cobano El Zúngano has had historical work carried out and sampling in the old workings has returned several assays grading over 1 g/t Au. The area has had a minimal amount of recent work on it and warrants prospecting, mapping, sampling and trenching. A two month mapping and prospecting program is recommended to better define the veins and structures in the Cobano and Bocamina areas. The Company also recommends 2,000 m of trenching be performed. A drill program of 2,000 m is recommended with drill holes of 100 m to 150 m in length focused on anomalous areas from the above noted trenching. Eddy Canova, P. Geo., OGQ (403), the Director of Exploration and a Director for the Company and a Qualified Person as defined by NI 43-101, has reviewed and is responsible for the technical information contained in this presentation.

28

CASSIUS VENTURES LTD. KEY MANAGEMENT AND CONTACT DETAILS

Steven Dean, Chairman and Director steven@stevengdean.net 604.697.6202

• Mr. Dean is a Fellow of the Australian Institute of Mining and Metallurgy, a Member of the Canadian

Institute of Mining, Metallurgy and Petroleum, and a Fellow of the Institute of Chartered Accountants of

• Australia. He has extensive experience internationally in mining, most recently as President of Teck

Cominco Limited (now Teck Resources Ltd.). Prior to joining Teck, Mr. Dean was a founding director of Normandy Poseidon Group, (which became Normandy Mining) which was the largest gold producer until its sale to Newmont Mining in 2002, as well as founder of PacMin Mining which became a subsidiary of Teck Corporation in 1999. He was also a co-founder and former chairman of Amerigo Resources Ltd.

• Mr. Dean is Chairman and a director Spur Ventures Inc. (TSX-V:SVU), and of Infinito Gold Ltd. (TSX-V:IG),

Chairman of Dia Bras Exploration Inc. (TSX-V:DIB) as well as Chairman and CEO of Oceanic Iron Ore Corp. (TSX-V: FEO). John Thomas, President, CEO and Director johnthomas@cassiusventures.com 778.375.3126

• Mr. Thomas is a professional engineer, and holds an M.Sc. and Ph.D. from the University of Manchester,
• UK. Mr. Thomas also received a Diploma in Accounting and Finance from the U.K. Association of

Certified Accountants. Mr. Thomas has extensive experience in the mineral resource industry, particularly in Latin America, and is currently chief operating officer of Edgewater Exploration and is a director of Infinito Gold Ltd., Alexandria Minerals, Canada Zinc Metals Corp. and Ressource Appalache. He has previously served as Vice President, Development of Rusoro Mining, and Vice President, Operations of Bolivar Gold Corp. Eddy Canova, Director of Exploration and Director edcanova@sympatico.ca 514.289.1183

• Mr. Canova has over 25 years’ experience in the mineral exploration industry in Canada, Venezuela,

Mexico, and West Africa and four years’ experience in mineral production in Venezuela. His work has been focused in gold mineral exploration, base and precious metals, uranium and in the last year in the iron ore industry in Quebec. Mr. Canova has been exposed to a variety of geological environments and geological models working on some major projects such as Gold Reserves' Brisas' project, an 8 million oz Au project, Bolivar's Tomi Gold project, and as mine manager responsible for the acquisition and exploration on most of the properties of Alexandria Minerals from 2002 to 2009. Mr. Canova joined Oceanic in January 2011 as Exploration Manager. Mr. Canova has a BSc. in geology from McGill University and continually updates his knowledge through professional short courses, university courses and publications.

29

APPENDIX A – ARSENIC, COPPER, AND MOLYBDENUM ANOMALOUS AREAS

Figure 16A - As Soil sample assays results for Nueva Segovia Figure 16B - As Rock Sample Assays Results for Nueva Segovia

30 Figure 17A - Mo Soil Sample Assay Results for Nueva Segovia Figure 17B - Mo Rock Sample Assay Results for Nueva Segovia

31 Figure 18A - Cu Soil Sample Assay Results for Nueva Segovia Figure 18B - Cu Rock Sample Assay Results for Nueva Segovia

32

APPENDIX B – SAMPLING AND DRILLING PROCEDURES

The stream sediment sampling was carried out in stream with a water flow collected in the center of the

• stream. Samples of 1 kilogram were sieved so that the fine portion could be sent to the lab for analysis.

Prior to sending the sample, the sample was dried and ICP analysis was run on the stream sediments. Samples collected by Cassius were sent to Inspectorate Laboratories in Reno for carrying out the ICP analysis which included gold. Soil samples were collected at depths of 60 cm to 100 cm depths so that a B horizon soil could be

• collected. The coarse fraction and organic matter was removed as well as twigs and the fines were

collected to produce a 1 kilogram sample that was dried and sent to Inspectorate for ICP analysis which included gold. Trench samples were collected as 50 cm swaths over a length of 1 m per sample. Samples of 1.5 to 2.5 kilograms were sent to the Inspectorate Lab in Managua for sample preparation and a split of the sample was prepared and sent to Inspectorate Laboratory in Reno for gold and ICP analysis. The drill core was drilled as HQ diameter and reduced to NQ if the drilling proved difficult. For selected sampled intervals, the core was split with half of the core placed in a bag and identified with a sample tag and the other half placed into the core box with a duplicate tag. The same side of the core was sent to the lab to be consistent. The core was sent to Inspectorate in Managua, Nicaragua to do sample preparation and a split was sent to Reno Nevada for gold and ICP analysis. Within a sampling sequence

• f 25 samples, a blank, a duplicate and a standard was included for QA/QC. The standard samples have

a known gold value and the samples represent a low gold value, an intermediate gold value and a high gold value. The drill core samples are sent as a batch of 25 or 50 samples. All data is verified by Eddy Canova, who receives and analyzes reports received from Inspectorate. Any sampling or drilling results may be affected by such things as poor core recovery or improper sampling

• techniques. Any results with poor core recoveries are disclosed as appropriate. Written procedures and

guidelines with respect to sampling/drilling techniques are provided to all field workers. Field workers are supervised to ensure such guidelines are followed.