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Mexico - Silver // Canada - Gold

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Normabec Mining Resources Profile

Normabec Mining Resources Limited, St-Bruno, Quebec, TSX.V : NMB is a junior mining exploration company with an experienced management team and a proven track record.

A portfolio of advanced projects including: the Pitt Gold project in Quebec; and Real de Catorce Silver project in Mexico through its wholly owned subsidiaries, Minera Real Bonanza, S.A. de C.V. (“Minera”) and Servicios Minero-Metalúrgicos e Industriales, S.A. de C.V. (“SMMI”).

“Normabec is in the unique position of having optioned the greater portion of a major historical silver producing district in Mexico that has not been subjected to modern exploration concepts and technology.”

Our principal properties are Real de Catorce Property, located in Mexico, and the Pitt Gold Property , located in Quebec, Canada.

Primary Assets

Real de Catorce, San Luis Potosi State, Mexico Silver project

RESOURCE ESTIMATE TAILINGS PILES NI 43-101 COMPLIANT 4,075,305

Normabec through its wholly owned subsidiary Minera holds an option to acquire 100% undivided interest in 19 mining concessions and 3 pending mining concessions which covers approximately 6,326 hectares, located in the northern part of the San Luis Potosi State, approximately 25 kilometers west of the town of Matehuala, which lies approximately 170 kilometers North of San Luis Potosi, the State Capital.

Normabec can acquire its interest for a final cash consideration of US $450,000 to be paid in June 2009. Furthermore, upon commencement of commercial production on the Property, the Company will pay an additional sum of US $200,000. The Optionor will retain a 3% Net Smelter Royalty (“NSR”), of which 1.75% may be bought back in increments of 0.25% at a price of US $250,000 per increment for the first five years and at a price of US $300,000 per increment for the following five years.

It is estimated that the property now hosts nearly 33 million ounces Ag at an average grade of 248 g/t Ag including 22.6 M ounces in the measured category and 10.2 M ounces in the indicated category.

Pitt Gold Project, Quebec, Canada

82.94 g/t Gold over 4.58 Metres

The Company owns an 80% undivided interest in the property located approximately 35 km north of Rouyn-Noranda.Since the signing of the option agreement, Normabec carried out more than 23,025 meters of drilling (37 holes).

Encouraging gold values were intersected in the entire property (central part, eastern part and western part). The best mineralized intercept was obtained in DDH 2006-01 showing values grading 82.88 g/t Au over 4.58 meters. In February 2008, the hole DDH 2007-07 intersected 35.18 g/t Au over 5.0 meters.

More than 4,000 meters were drilled on the property since the beginning of the 2008 drilling campaign. Normabec has recently stopped the drilling to undertake a detailed compilation of the drilling performed at the beginning of 2008. Drilling should resume during the fall of 2008.

Subsequent to the year end, the two joint venture partners abandoned their interest in the Pitt Gold property. Following that decision, the Company's undivided interest went from 80% to 100%.

Wathish – nickel & copper project

The Company owns a 100% interest in 13 claims, which are located in Figuery townships, district of Abitibi. The Company signed a joint venture agreement with a junior exploration company enabling them to acquire a 50% interest in consideration of a commitment by them to spend $150,000 in exploration expenditures before October 31, 2008. Subsequent to the year end, the joint venture partner abandoned its option to acquire a 50% undivided interest in the property.

Matchi-Manitou – copper, zinc, gold and silver project

The Company owns a 100% interest in 29 claims located in Tavernier and Pershing townships, district of Abitibi. The Company signed a joint venture agreement with Junior Exploration Company enabling them to acquire a 50% interest in consideration of a commitment by them to spend $150,000 in exploration expenditures before October 31, 2008.

Normabec Mining Resources' business model is focused on developing resources that meet specific property selection criteria:

  • Properties located in, or close to, recognized mining camps with a proven history and production track record
  • Properties with existing data that is both reliable and available
  • Preference for deposits with high-grade vein systems
  • Properties that are at least mid-staged, ideally advanced-stage

Last changed at 18-Jan-2009 10:18AM by Highgrader