Investor presentations

1
World class mining projects in progress

2
Corporate Overview

• Intex Resources ASA is a Norwegian based mining
  company, primarily focused on non-precious metal
  and mineral projects
• Listed on the Oslo Stock Exchange in December
  2006 (OSE ITX)
• NOK 500 million raised at listing
• Project portfolio
• Mindoro Nickel-laterite deposit in the
  Philippines
• Hurdal porphyry-Molybdenum deposit in Norway
• Prospective diamond exploration in West Greenland
  
• Brownfield zinc-copper projects in Norway

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A World Class Portfolio
Zinc-Copper Exploration
Mindoro NickelDevelopment
Olivine Production royalty
Porphyry-MolyDevelopment
Diamond Exploration

• 200 mill tonnes Inferred Resource w 0.13 MoS2
  at Hurdal verified by SRK in May 2007
• Positive scoping study from Aker Kværner November
  2007. Infill drilling program and further
  development underway
• Additional molybdenite targets being investigated
  for open pit potential

• Promising brownfield Zn-portfolio acquired
  includes Grimsdalen, Sivilvangen and
  Lergruvebakken mines
• Several new targets in proprietary geophysical
  database
• Drilling to commence Winter 2007/2008

• Positive Pre-feasibility study completed
• Independent resource verification and highly
  encouraging leach test work completed
• Full Feasibility study and environmental impact
  assesment now underway

• Greenfield project fast
  tracked to production by Intex in 12 months
• Sold to Minelco (subs, of Swedish state-owned
  LKAB) for cash annual production royalty
• Guaranteed minimum payment of USD 1 mill./year
  from 2008 to 2021

• Successful kimberlite sampling program in
  Maniitsoq district, W Greenland
• 18 of 20 samples contained diamonds. Best result
  so far is 80 diamonds in single 24 kg sample.
• Exclusive Maniitsoq Licence area expanded to
  2,000 sq km in 2007

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Recent Highlights

• Principal contracts for Mindoro Definitive
  Feasibility study agreed with Aker Solutions, SGS
  and Golder
• Senior Management changes but no major
  strategic shift
• Mindoro pre-feasibility study upgraded to new
  location and transport option,
• 500 kilos limonite ore is currently being tested
  in Canada
• Experienced project organisation and world class
  consultants in place
• Promising diamond exploration results from
  Greenland
• Summer program planned and ready for execution in
  Hurdal and Greenland
• Cash end Q1 70 mUSD substantial buffer to
  deliver Mindoro to the next stage

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Main Priorities

• Focus on substantial risk-reduction for Mindoro
  Nickel through
• Securing a quality DFS study
• Securing necessary permits
• Securing rights for land for processing facility
• Upgrading and increasing of resources
• Approaching the right partners for bringing
  Mindoro forward to a world class nickel project
• Ensuring a project portifolio pipeline that
  sustainable increase value
• Fulfilling the exploration programs at Hurdal and
  Greenland
• Sufficient cash till Mindoro is brought to its
  next stage

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Mindoro Nickel - the Philippines

• High-tonnage nickel laterite deposit controlled
  100 by Intex Resources
• More than 2 million tonnes of contained nickel
  metal outlined to date
• Favourable location near the open sea in a
  central part of the Philippines
• Listed as one of the Philippine Governments
  priority mineral projects
• A staged development will lower technical and
  financing risks
• New technologies and good metallurgy provide
  extra advantages

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80,000 Tonnes of Nickel Annually

• Positive Pre-feasibility study
• Projected production of 40,000 tpa Nickel in
  stage-1, increasing to 80,000 tpa in stage-2
• Definitive Feasibility Study (DFS) planned for
  2009 - to be managed by Aker Solutions
• Environmental Compliance Certificate issued
  following an EIA/EIS process
• MPSA agreements for additional areas
• Bulk testing and pilot-scale HPAL test work
  planned for 2008 by SGS Lakefield laboratories

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Milestones going forward

• 2008
• Final Pre Feasability Study
• Location of plant site
• Test mining and pilot-plant testing
• Ongoing exploration

• 2009
• DFS
• Appointment of main contractor
• Commence detailed engineering design
• Award of local fabrication contracts

• 2010-2012
• Prefabrication and Assembly of processing plant
• Preparation of mine site and plant site
• Construction of infrastructure facilities
  (harbour, roads)
• Ramp up of mine operation to 15,000 tpd (4.8 mill
  tpy)

Operations
Production Start
2008
2009
2010
2012
2011

• Prepare Mine closure plan
• Environmental Impact Statement for ECC
• Information, Education and Communication (IEC)

• Environmental Compliance Certificate
• Permitting (National and Local)
• Coordinate development plans with LGUs
• Development of local enterprises

• Ongoing mine site rehabilitation and replanting
• Organizing environmental monitoring committees
• Ongoing community development and personnel
  training
• Direct employment of over 5,000 nationals during
  construction

CSR Programme
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Mining and Production Overview Full Value
Creation on Mindoro

• 1. Mining process
• Sequential surface mining of 100-150 ha blocks
  annually
• Haulage to transfer stockpile
• Terrain reshaping and return of topsoil
• Mine site rehabilitation and replanting

• 2. Safe Materials Transfer to the Coast
• Cable conveyor for transfer of ore materials
  approximately 40 km from high-lands to
  production plant by the coast
• Environmentally friendly, energy efficient
  transfer option

• 3. Full Value Creation locally through
  HPAL-technology
• Use of proven HPAL technology for nickel
  production
• Acid leach circuit dissolves nickel
• Acid plant provides up to 80 MW of CO2 -free
  electrical power
• Mixed Sulphide product

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2. Safe Materials Transfer to the Coast

• Ore is transferred to a production plant near the
  coast, involving minimal handling on the mine
  site
• Two alternative sites are considered as suitable
  plant locations
• The transport distance is estimated at 40-60 km
  for all alternatives
• cable conveyors are considered the most
  environmentally friendly and lowest cost solution
• Social, economic and environmental impact study
  of the transport process is under preparation

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3. Local Value Creation Through HPAL-technology

• Use of HPAL-technology will enable value-added
  processing of laterite ore on Mindoro
• Final location of HPAL plant is yet to be decided
• Test results suggest 50 higher production
  capacity of two autoclaves than several
  comparable projects
• Addition of saprolite processing
• Increased resources and potentially higher
  resource grade
• 100 increased metals production for 50 more
  CapEx
• Power production as by-product
• Acid plant will provide 80 MW of CO2-free
  electrical power
• Processing plant will have zero carbon footprint
  (self contained power supply)

Illustration of typical HPAL-plant
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Target Local Value Creation from 2011

• From mining to production on Mindoro - full local
  value-added benefits
• Employment of over 5,000 workers during
  construction and over 2,000 during operation with
  priority to Mindoreños
• Additional significant employment by the
  multiplier effect
• 2 of total mining revenue to local community
• Education technology transfer
• Substantial Tax returns to the local and National
  Government
• Foreign Exchange Revenue for the National
  Government
• New infrastructure developments (port, roads,
  hospital, schools)

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Capital Expenditures

• Capex Break down Stage-1 Stage-2 total
• USDm USDm USDm
• Mining 71 0 71
• Process plant 603 296 89
• Process packages 383 268 651
• Water, Service utilities 146 72 218
• Process plant infrastructure 122 0 122
• General Infrastructure 51 14 65
• Construction services 55 31 86
• Project costs 276 118 394
• Contingencies 342 160 502
• TOTAL CAPEX 2,050 960
  3,010
• Company adjusted capex 2,400
• OPEX 2.9 USD/lb 2.2
  USD/Lb
• Production
• Nickel (tonnes) 40,000
  40,000 80,000
• Cobolt (tonnes) 3,000
  700 3,700

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Target Thriving Host Communities

• Improved livelihood, agri-development, and
  sustainable resource utilization
• Basic health initiatives
• Fresh, clean water supply
• Sanitation facilities
• General medical assistance
• Health surveys and treatment
• Educational Programmes and support
• School enrolment for children
• Vocational training
• Micro-financing programmes through Intex
  Foundation
• Supporting ancestral land surveying and titles
  for Indigenous People
• Disaster assistance programme
• Flood Assistance Funds
• Environmental programmes
• Forest and Wildlife Restoration programmes
• Environmental monitoring programmes

15
Molybdenum Projects, Norway (100)

• Hurdal Project
• The Hurdal molybdenum deposit is located
  approximately 90 km north of Oslo
• Infrastructure is excellent
• SRK confirmed quality of Hurdal inferred resource
  data in May 2007
• Aker Kvaerner UK completed a Mining Scoping Study
  in November 2007
• 6,000 m infill drilling, metallurgical test work
  and Environmental baseline studies planned for
  2008

SRK confirmed in May 2007, using 0.07 MoS2 cut
off
16
Maniitsoq Diamond Project (100)

• 2,000 km2 exclusive license area in West
  Greenland, covering the entire Maniitsoq
  Kimberlite Province
• 5 new kimberlite dykes discovered during field
  reconnaissance in 2006
• First pass exploration in 2006 returned natural
  diamonds in 18 of 20 samples
• Of the 67 natural diamonds recovered, 31 stones
  were reported as intact and 36 as fragments
• Colour classification returned 35 white stones,
  22 as grey and 10 brown
• Of the 35 white stones 14 were described as
  transparent with no inclusions or cleavages and
  12 as transparent with some inclusions or
  cleavages
• 2007 exploration program included new systematic
  sampling of all known kimberlite dykes and
  regional reconnaissance

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Zinc-Copper Exploration, Norway (100)

• Review of known deposits Grimsdalen,
  Sivilvangen, Lergruvebakken Gruver
• New targets generated by proprietary database
  Killingdal North and other anomalies
• Database developed in partnership with Noranda
  Inc.
• Grimsdalen Typical VMS deposit along a 9 km
  zone. Indicated resource of 6.6 million t with
  2.6 Zn and 0.4 Cu in West zone, and 1.7 million
  t with 1.4 Zn and 0.9 Cu
• Sivilvangen Indicated resource of 400,000 t at
  4.3 Zn and 0.7 Cu
• Lergruvebakken Known remaining tonnage of
  540,000 t at 7.8 Zn and 0.74 Cu
• Killingdal North Outcrops and geophysical
  signatures of up to 3 km in length
• Drilling being planned for Winter 2007/2008