DISCLAIMER

This presentation is not intended to solicit fund in any jurisdiction, or provide any financial tax, legal or accounting

advice.

The presentation does not comprise an offering of securities and cannot be relied upon to make an informed

investment decision. Please read the complete Offering Memorandum(s) for the Valhalla Diamond Fund before

making any investment decision.

The official Offering Memorandum(s) document is provided by Valhalla Capital Management Inc. in accordance with

applicable Canadian provincial law. This investment offering is pursuant to each province’s securities laws.

This investment offering is not insured or guaranteed and its value may change based on performance of the economy

and real estate market trends and activities.

This presentation may contain forward-looking statements such as “anticipated”, “believe”, “intends”, “expects”,

“target”, “potential”, “projected”. “should” or “should be” among others. Actual results may differ from expected

results according to a variety of financial, economic and market conditions.

This presentation is intended as an overview of the Valhalla Diamond Fund.

History of Diamonds

• Represent a Global Currency

• Used for Wealth Preservation

• Traditionally Viewed as investible assets – except in North America

• China, India, Russia, EU

• Opening of the Market space since 2005

• Institutional Funds and Ultra-High Net-Worth

• A double decker bus vs 3.27 Olympic swimming pool

• Non Speculative Asset

(Speculation: Gold @ 40% vs Diamonds @ 1%)

• Historical Performance of Investment Grade Diamonds

• Diamonds out Performs S&P 500

Why Diamonds?

Forbes January 23, 2012:

“A five carat fancy yellow diamond increased in value by 180% from 2001 to

2011. Compare that to Berkshire Hathaway Stock which increased by 52% for

that 10 year period and Coca Cola which grew by 42.5%

Why Diamonds?

• Diamonds vs. The Dow Jones and CAC 40

• Note the Recessionary Performance

Mark Mobius Quote

Portfolio Positioning

• An Independent Asset Class

• Excellent Inflation Hedge

• Superior Diversification Tool

• Lower Volatility than Silver,

Platinum and Gold

Market Watch, February 3, 2014:

“Mark Mobius Loves Diamonds” – Retail Investors want safety, and not just

from gold….other precious commodities will retain they attraction, but the fund

manager is an unabashed fan of Diamonds!

Portfolio Positioning

• Performance During Corrections

The Journal of Investing 2013:

“The one carat (white) flawless diamond series experienced the biggest gain in

value over the sample window. Posting an average annual increase of 6.4% a

year for 10 years, well outpacing the commodity index, the S&P 500…”

The Future of Diamonds

• An ever widening Supply vs. Demand Gap

KPMG Quarterly Commodity Insights February 2013:

“The demand-supply gap will widen in the medium to long term between now and

2020…these factors should see a steady increase in the price of polished

diamonds over that period”

The Future of Diamonds

Goldman Sachs, December 2013:

“…forecasts demand for Polished diamonds will continue to increase due to the

growth of the middle class in emerging markets. The bank predicts diamond

prices will rise…”

The Future of Diamonds

• Emerging Markets

RBC Capital Markets – Diamond Industry Outlook – May 2013:

“it appears China is adopting jewelry buying culture in a way that Japan did from

the late 1960’s”

Why Invest in a Fund?

• Access to Investment Grade Diamonds

• Greater Diversification and Return Profile among multiple stones

• Use of Registered & Deferred Plan Accounts – RRSP, TFSA, etc.