Slide 1

Kingsrose Mining Kingsrose Mining LimitedLimited

Annual General MeetingAnnual General MeetingPerthPerth

2626thth November 2009November 2009

Slide 2

Kingsrose Mining Limited

OBJECTIVE

“Aggressively develop into a significant gold producer based on our proven in-house expertise in underground mining and exploration.”

FOCUSSED APPROACH

“Acquisition and development of production and near productionprojects evaluated as having excellent exploration upside.”

PROJECTS

Way Linggo, SumatraComet Vale Joint Venture, Kalgoorlie

Slide 3

Board and Executive Management

Mr John Morris Executive ChairmanMr Timothy Spencer Chief Financial OfficerMr Bill Phillips Non-Executive DirectorDr Mike Andrews Non-Executive Director

Mrs Jeannette Smith Joint Company Secretary Miss Tanya Ashley Joint Company Secretary

Slide 4

Corporate Summary

Ordinary Shares on Issue 219.3m (listed) (includes 64.8m escrowed)

Options 38.5m (listed)15.7m (unlisted)

Convertible Notes 11,000,000

Market Capitalisation (undiluted) A$142m (@ A$0.65/share)

Major Shareholders Icon Enterprises Ltd (19.4%)KRM (WA) Pty Ltd (9.1%)

Cash on Hand @ 31 Oct 09 A$9.5M

Slide 5

Way Linggo Project - South Sumatra, Indonesia

Slide 6

Way Linggo Project - Overview

• Construction of 140,000 tonnes per annum underground gold mine and processing facility

• Mineral rights held under 4th Generation Contract of Work

• Feasibility study completed and Government approvals for construction obtained

• Commissioning 1st Quarter 2010

• Projected 45,000 oz Au and 750,000 oz Ag annual production from 2010

Slide 7

Way Linggo Project - Project Snapshot

JORC Total Resource669,000t @ 8.44g/t Au, 129g/t Ag10.6g/t gold equiv., 227,600 Au Eq oz

MiningCommenced on 2 levels 1020mRL, 1065mRLStrongly Positive ReconciliationsApprox 7000t @ 18g/t+ Au, 150g/t Ag stockpiledExpect 15,000t ore stockpiled prior to plant start

PlantUnder construction – expected cost $US7.0m140,000 tpa conventional cyanide leachMerrill-Crowe zinc precipitation maximise silver recoveryMetallurgically simple > 90% recovery

Way Linggo Project - Holding Structure

• PT Natarang Mining (“PT NM”)– Indonesian PMA (foreign

ownership approved) company– 4th generation Contract of Work

• Natarang Offshore Pty Ltd (“NOPL”)

– Australian holding company– Owns 85% of shares of PT NM

• Bpk Herryansyah– 15% of shares of PT NM– President Director

Kingsrose Mining Limited(Australian)

100%

MM Gold Pty Ltd(Australian)

100%

Natarang Offshore Pty Ltd(Australian)

85%

PT Natarang Mining(Way Linggo Gold Project)

Slide 9

Way Linggo Project - Site Layout

Slide 10

Way Linggo Project - Mine Location

Slide 11

Way Linggo Project - North Vein Ore Bodies

3D Image of Way Linggo Area showing subsurface extent of North Vein,topography and drillhole traces

Slide 12

Way Linggo Project – Minesite Geology

Site Geology• Mineralisation as high grade

epithermal quartz veins• Low sulphidation• Host rocks dacite intrusion and

andesite volcanics

• North Vein– Near vertical, average width 4.7

metres– Resource 554,000 tonnes @

9.17 g/t Au, 143 g/t Ag (2.5 g/t Au Eq cut off)

• Other Vein Occurrences– Southern Extension– Central Vein Zone– Panca’s Vein– Harto’s Vein (New)– South Vein Zone (New)

Way Linggo - Snowden’s Resource Estimate

The Mineral Resource statement has been reviewed by Mrs. Christine Standing ofSnowden Mining Industry Consultants. Mrs. Standing is a member of TheAustralasian Institute of Mining and Metallurgy and has sufficient experience thatis relevant to the style of mineralisation and type of deposit under considerationto qualify as a Competent Person as defined in the 2004 edition of theAustralasian Code for Reporting of Exploration Results, Mineral Resources andOre Reserves. Mrs. Standing consents to the inclusion in this presentation of thematters based on the information in the form and context in which is appears.

Deposit Classification Tonnes Au g/t Ag g/t AuEq g/t AuEq ozMeasured 334,000 11.40 172 14.27 153,000

North Vein Indicated 93,000 7.06 118 9.03 27,000

Inferred 127,000 4.92 83 6.30 25,700

Sub-total 554,000 9.17 143 11.55 205,700 Hangingwall

Split and Central Vein

Zone

Measured - - -

Indicated 75,000 5.26 69 6.41 15,500

Inferred 40,000 4.24 46 5.01 6,400

Sub-total 115,000 4.91 61 5.93 21,900

TOTAL 669,000 8.44 129 10.59 227,600

• Resource reported in compliance with JORC Code 2004

• Gold equivalent (AuEq) assumes 1 g/t Au is equivalent to 60 g/t Ag

• Classified Mineral Resource is based on 2.5 g/t Au Eq cut-off grade

Slide 14

Way Linggo North Vein - Long Section (View To The West)

Way Linggo Project - North Vein Ore Bodies

A Ore BodyQuartz - Adularia – Clay Assemblage

1020 Level Face sampling (uncut)112 m @ 20.4 g Au/t, 304 g Ag/t Average width 4.1 m

B Ore BodyQuartz – Chlorite – Clay Assemblage

1020 Level Face sampling (uncut)90 m @ 33.5 g Au/t, 414 g Ag/t Average width 4.5 m

Slide 16

Way Linggo Project - 1020 Level Plan

Way Linggo Mine Development

Projection of :-

• 1020 m Level

• North Vein on 1020 m Level

• Incline

• Main Haulage Drive

• Alimak Raising

• Sill Drift Development

• Underground Shaft to 965 Level

Way Linggo Project - Mining

1020 Level Main Haulage PortalROM PadMine Service Area

Way Linggo Project - Mining

Bogging high grade oreExperienced Indonesian minerson staff.

3 shifts per day

Way Linggo Project - Mining

High Grade StockpileCurrently approximately 7,000 t @ 18 g Au/t, 150 g Ag/t

Alimak Raising

Slide 20

Way Linggo Project - Process Plant

400 tonnes per day design capacity

Merrill – Crowe Process

Cyanide leach and zinc precipitation of Au and Ag

Suitable high grade and particularly high Ag ores

Commissioning end-March 2010

All major components onsite

Slide 21

Way Linggo Project - Process Plant Flow Sheet

Slide 22

Way Linggo Project - Process Plant Design

Slide 23

Way Linggo Project - Tailings Dam Construction

TAILINGS STORAGE FACILITY

Engineered Earth Dam under construction

Government Permitted Design

Project Environmental Impact Statement, Env. Monitoring Plan and Env. Management Plan approved

Slide 24

Way Linggo Project - Projected Performance

Ore Stockpile by March 2010 15,000 tonnes @ 15g/t Au

Mill Throughput 140,000 tonnes p.a.

Budgeted grade for first 18 months 12 g Au/t

Plant Commissioning Starts end-March 2010

Mill recovery rate 90%

Mill availability rate 92%

Steady‐state annualised production 45,000 oz Au per annum750,000oz Ag per annum

Slide 25

Way Linggo Project - Key Financial Estimates

CARRYING VALUE up to June 30, 2009) USD 13m

PLANNED EXPENDITUREJuly 2009 to March 2010

Plant & Equipment USD 7mMine Development USD 4m

TOTAL SUNK COST TO PRODUCTION USD 24m

PRODUCTION COSTS (revised 24Nov09)Direct mining costs USD 134/ozDirect processing costs USD 129/ozDore transport/refining costs USD 21/ozOverheads USD 32/oz

Sub‐total USD 316/ozLess silver credits (USD17.25/oz Ag) (USD 216/oz)Add Royalties (govt, other) USD 50/oz

PROJECTED CASH COST PER Oz AU USD 150/oz

Way Linggo Project – Trans Sumatra Fault Zone

Highly prospective geological setting

Structural setting related to Trans Sumatra Fault Zone (TSFZ)

Major dextral strike slip regime –Dilational jogs–Pull apart basins

Significant mines and projects related to TSFZ

‐ Martabe 5.9Moz‐ Pongkor 3.6Moz‐ Lebong Tandai 1.4Moz.‐ Lebong Donok 1.3Moz.

Way Linggo - Prospective Structural Setting

Way Linggo Project

Exploration Potential

Prospect Locations• Way Linggo• Semung Kecil

• Minesite Exploration• Brown Fields Exploration• Regional Potential

Way Linggo Project – Ore Body Extensions

North Vein Orebodies Plunge to North approximately 40 degreesOre shoots structurally controlled, Open at depth and down plunge

Way Linggo Project – Mine Site Exploration Targets

Based on Structural Geological assessment by Dr Steve GarwinNumerous near mine exploration targets

Way Linggo Project – Brown Field Exploration Targets

Way Linggo Minesite and Semung Kecil Prospect Geology

Way Linggo Project - Brown Field Exploration Targets

Way Linggo and Semung Kecil part of major structurally controlled hydrothermal cell

Way Linggo Project – Exploration Targets

Zone of subdued magentic relief indicates extent of major hydrothermal cell extending to north of known prospects

Way Linggo Project - Exploration Drilling

Underground diamond drillingOre body delineationParallel Veins

Diamond drilling from surface2 rigs on site

Slide 35

Way Linggo Project

REGIONAL EXPLORATION

Airborne Geophysics

Helicopter Magnetics and Radiometrics

Slide 36

Way Linggo Project

REGIONAL EXPLORATION

Airbourne Geophysics

Sophisticated processing by Fathom Geophysics

Slide 37

Way Linggo Project

REGIONAL EXPLORATION

Airborne Geophysics

Helicopter Magnetics and Radiometrics

Interpretation being integrated with Structural Geology byDr Steve Garwin

Slide 38

Way Linggo Project

REGIONAL EXPLORATION

Airborne Geophysics

Helicopter Magnetics and Radiometrics

Satellite imagery

Prominent NW, N and NE Linears

22 Target areas for follow up

Lineament intersection zones

Dacite Intrusions

Broad magnetic subdued areas hydrothermal alteration systems

Slide 39

Way Linggo Project

REGIONAL EXPLORATION

Drainage Geochemistry

Gold BLEG Anomalies

Bulk Leach Extractable Gold

Slide 40

Way Linggo Project

REGIONAL EXPLORATION

Drainage Geochemistry

Gold Stream Sediment Anomalies

- 80# Size Fraction

Slide 41

Way Linggo Project – Exploration Potential

Highly Prospective TerranePacific Rim of FireSunda-Banda Volcanic ArcTrans Sumatra Fault Zone dextral strike slip regime

Epithermal Gold MineralisationHigh grade gold and silverMulti million ounce deposits mined or in production in same terrain

Martabe 5.9MozPongkor 3.6MozLebong Tandai 1.4Moz.Lebong Donok 1.3Moz.

Analagous Geologic ModelsGosowong/Kencana, Halmahera, ( 5M oz)Frutta Del Norte, Equador, ( 13.6M oz)Hishikari, Japan ( 5+M oz, 1996)Vera Nancy, Queensland ( 2.9M oz)

Slide 42

Epithermal Gold - Gosowong Mineralisation

Similar mineral assemblages to Way Linggo A and B ore bodies

A Orebody Quartz-Adularia-ClayB Orebody Quartz-Calcite-Chlorite

(From Dan Wood and Gosowong Discovery Team presentation, Newcrest Mining)

Slide 43

Epithermal Gold - Gosowong Long Section

Gosowong and Kencana Ore Bodies showing regional plunge(After Newcrest Mining)

Way Linggo - Structural Setting

Pull Apart Basins and Dilational Jogs within Trans Sumatra Fault Zone

Way Linggo Comparison Setting - Pull apart Basin Margin

Frutta Del Norte, EquadorResource 58,900,000 t @ 7.2 g Au/t (13.6 M oz Au Eq)(After Aurelian Resources)

Epithermal Gold – Hishikari Long Section

Note scale and distribution of high grade ore shoots(After Faure et al 2002)

Slide 47

Epithermal Gold – Vera Nancy Long Section

Original Pajingo Original Pajingo -- 370,000 oz Au @ 8 370,000 oz Au @ 8 –– 9 g Au/t9 g Au/tVera Nancy Vera Nancy -- 2,900,000 oz Au @ 13.5 g Au/t2,900,000 oz Au @ 13.5 g Au/t

Current extent of drilled resource at Way Linggo overlaidCurrent extent of drilled resource at Way Linggo overlaid

Slide 48

Way Linggo Project – Exploration Potential

Highly Prospective TerrainPacific Rim of FireSunda-Banda Volcanic ArcTrans Sumatra Fault Zone dextral strike slip regime

Epithermal Gold MineralisationHigh grade gold and silverMulti million ounce deposits mined or in production in same terrain

Martabe 5.9MozPongkor 3.6MozLebong Tandai 1.4Moz.Lebong Donok 1.3Moz.

Analagous Geologic ModelsGosowong/Kencana, Halmahera, ( 5M oz)Frutta Del Norte, Equador, ( 13.6M oz)Hishikari, Japan ( 5+M oz, 1996)Vera Nancy, Queensland ( 2.9M oz)

Slide 49

General Disclaimer

This presentation has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”). It should not be considered asan offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation containsforecasts and forward looking statements. Such forecasts, projections and information are not a guarantee of future performance,involve unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied.Kingsrose has not audited or investigated the accuracy or completeness of the information, statements and opinions contained inthis presentation. Accordingly, to the maximum extent permitted by applicable laws, Kingsrosemakes no representation and cangive no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assume no liability for, theauthenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement oropinion contained in this presentation. This overview of Kingsrose does not purport to be all inclusive or to contain all informationwhich its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct yourown investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of theinformation, statements and opinionscontained in this presentation before making any investmentdecision.

Competent Person Statement

The information in this presentation report that relates to exploration results, mineral resources and ore reserves is based oninformation compiled by Dr Michael Andrews B.Sc.(hons) Ph.D., who is a Fellow of the Australasian Institute of Mining andMetallurgy, and a Director of Kingsrose Mining Ltd. Dr Andrews has sufficient experience which is relevant to the styles ofmineralization and types of deposits and to the activity which he is undertaking to qualify as a Competent Person as defined in the2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). DrAndrews consents to the inclusion in this report of the matters based on this information in the form and context in which itappears.