First Nickel Premiere Ridge

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Dundee Small-Cap Gold Miners ConferenceJune 1,
2009
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Forward Looking Information

• Certain statements contained in this Presentation
  include statements which contain words such as
  anticipate, could, should, expect,
  seek, may, intend, likely, will,
  believe and similar expressions, statements
  relating to matters that are not historical
  facts, and such statements of our beliefs,
  intentions and expectations about development,
  results and events which will or may occur in the
  future, constitute forward-looking information
  within the meaning of applicable Canadian
  securities legislation and are based on certain
  assumptions and analysis made by us derived from
  our experience and perceptions. Forward-looking
  information in this Presentation includes, but is
  not limited to expected cash provided by
  continuing operations future capital
  expenditures, including the amount and nature
  thereof expansion and other development trends
  of the mining industry business strategy and
  outlook expansion and growth of our business and
  operations and maintenance of existing supplier
  and partner relationships supply channels
  accounting policies credit risks and other such
  matters.
• All such forward-looking information is based on
  certain assumptions and analyses made by us in
  light of our experience and perception of
  historical trends, current conditions and
  expected future developments, as well as other
  factors we believe are appropriate in the
  circumstances. The risks, uncertainties, and
  assumptions are difficult to predict and may
  affect operations, and may include, without
  limitation foreign exchange fluctuations
  equipment and labor shortages and inflationary
  costs general economic conditions industry
  conditions changes in applicable environmental,
  taxation and other laws and regulations as well
  as how such laws and regulations are interpreted
  and enforced the effect of weather conditions on
  operations and facilities the existence of
  operating risks volatility of gold prices oil
  supply and demand risks inherent in the ability
  to generate sufficient cash flow from operations
  to meet current and future obligations increased
  competition stock market volatility
  opportunities available to or pursued by us and
  other factors, many of which are beyond our
  control. The foregoing factors are not
  exhaustive.
• Actual results, performance or achievements could
  differ materially from those expressed in, or
  implied by, this forward-looking information and,
  accordingly, no assurance can be given that any
  of the events anticipated by the forward-looking
  information will transpire or occur, or if any of
  them do so, what benefits will be derived there
  from. Except as required by law, Comaplex
  disclaims any intention or obligation to update
  or revise any forward-looking information,
  whether as a result of new information, future
  events or otherwise. The forward-looking
  information contained herein is expressly
  qualified by this cautionary statement.

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Corporate Financial Information
Recent Price (05/19/09) 4.00 52-Week
High/Low 6.50 / 1.07 Shares Outstanding
52.7 million Market Cap (Cdn) 210
million Trading Symbol (TSX) CMF Main
Property Meliadine Gold Property, Nunavut Est.
Working Capital incl. investments 18.4
million Tax Pools 108 million Investments
Long-term Oil Gas Assets Contribute between
2-4 million/year
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Major Properties
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Land Position Meliadine Property, Nunavut
Canada
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Meliadine Property Ownership
Meliadine (gold), Nunavut, Canada Meliadine
West 78 CMF (22 RCF). Comaplex
operator. Meliadine East 50 CMF (50 RCF).
RCF is the operator. Option for Comaplex to earn
extra 2 at any time for 2million
(80-20). Comaplex provides RCF non-recourse
loan to production. At production, Comaplex
receives 94 of production profit until payout.
RCF gets only 6 of revenue until all costs paid
back. Multiple land jurisdictions both NTI and
federal. All surface activities managed by the
Kivalliq Inuit Association. 925,000 letter of
credit for a Commercial Lease over the
Tiriganiaq deposit and proposed mill site.
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Schematic Longitudinal Section Tiriganiaq Gold
Deposit
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Preliminary Assessment
Economic Numbers Released Feb 2, 2009
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Preliminary Assessment Meliadine Gold Property

• Proposed Mine and Mill
• Combination open pit and underground mine.
• 3000 tonne per day operation (based on 328 days
  per year)
• 2000 tpd from underground, 1000 tpd from pits.
• Mill 985,000 tonnes per annum .
• 9.5 year mine life for the production of 2.23
  million ounces of gold.
• Conventional crushing and grinding with
  gravity-flotation-cyanidation circuit.
• 92.6 recovery of gold.
• Two tailings disposal options considered on land
  and subaqueous.
• Total payroll of 430 people with 235 on site at
  any one time.

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Preliminary Assessment EconomicsMeliadine Gold
Property, Nunavut

• Pre-Production Capital 297 million Cdn 253M
  U.S.
• Operating cost/tonne ore 91 / tonne Cdn 77 /
  tonne U.S.
• Cash operating cost/oz 378 / oz Cdn 321 / oz
  U.S.
• Payback 2.7 years
• At a gold price of US700 per ounce US 0.85
  exchange.
• After tax IRR 21.6
• After tax NPV 7.5 discount rate 174 M
  Cdn. 148 M US
• Net cash flow before tax, 0 disc. 570 M
  Cdn. 485 M US
• Net cash flow after tax, 0 disc. 408 M
  Cdn 347 M US
• additional Cdn 85 million of sustaining capital
  (of which 28.75 million is for reclamation
  costs)
• Numbers are for the total project not just
  Comaplexs interest.

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Preliminary Assessment and Current Pricing
Economics (US 950 gold)

(1) Convert at 0.85 (2) Convert at 0.80 (3)
Projected annual tonnes milled 985,000 (4)
Comaplex receives 94 percent of cash flow until
recovery of all costs incurred since 1995 plus
interest and thereafter Comaplex will receive 80
percent of cash flow. It is estimated that total
expenditures plus interest thereon will total
approximately 600,000,000.
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Schematic Cross Section Tiriganiaq Gold Deposit
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Schematic Longitudinal Section Tiriganiaq Gold
Deposit
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Drill Results
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Resource Estimate on the Tiriganiaq Deposit,
Meliadine West (CMF 78)(Completed by Snowden
Mining Industry Consultants, Apr, 2009)

• From surface to -70 meters (potential open pit)
• Applied
• cut-off grade category tonnage
  grade (g/t) contained oz Au
• 2.5 g/t Measured 122,800
  8.5 33,600
• 2.5 g/t  Indicated  2,107,800
  6.1 414,500
• 2.5 g/t   Inferred  581,600 
  3.7  69,200
• Below -70 meters (potential underground)
• Applied
• cut-off grade category tonnage
  grade (gmt) contained oz Au
• 5.5 g/t Measured 126,900
  16.8 68,700
• 5.5 g/t Indicated  4,639,900
  10.2 1,519,900
• 5.5 g/t  Inferred  3,225,000 
  7.9  823,800
• Total Indicated Ounces Gold 2,036,750
• Total Inferred Ounces Gold 893,000

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Resource Estimate on the Discovery Deposit,
Meliadine East (CMF 50)(Completed by Pincock,
Allen, and Holt Consultants, Jan 15, 2008)

• From surface to -120 meters (potential open pit)
• Applied
• cut-off grade category tonnage
  grade (gmt) contained oz Au
• 2.5 gmt  Indicated  697,000
    6.9 155,000
• 2.5 gmt   Inferred  322,200 
  7.0  72,250
• Below -120 meters (potential underground)
• Applied
• cut-off grade category tonnage
  grade (gmt) contained oz Au
• 5.0 gmt Indicated  333,000
  9.7 103,500
• 5.0 gmt  Inferred  300,600 
  7.9  76,700
• Total Indicated Ounces Gold 259,100
• Total Inferred Ounces Gold 148,950
• Resource estimate based on 2007 drilling. New
  resource by late March 2009.
• Resource estimate by partner Resource Capital
  Fund III.

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Resource Estimate on the F Zone Deposit
Meliadine West (CMF 78)(Completed by Snowden
Mineral Industry Consultants, Dec, 2008)

• From surface to -80 meters (potential open pit)
• Applied
• cut-off grade category tonnage
  grade (gmt) contained oz Au
• 2.5 gmt  Indicated  692,800
    4.66 103,800
• 2.5 gmt   Inferred  775,100 
  3.88 96,700
• Below -80 meters (potential underground)
• Applied
• cut-off grade category tonnage
  grade (gmt) contained oz Au
• 6.5 gmt Indicated  27,000
  8.31 7,200
• 6.5 gmt  Inferred  65,300 
  8.06 16,900
• Total Indicated Ounces Gold 111,000
• Total Inferred Ounces Gold 113,600
• Based on 2008 drilling.

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Total Resources Estimated on the Meliadine Gold
Property

• Current Total Indicated Resources
• 2,406,850 oz gold
• Current Total Inferred Resources
• 1,155,550 oz gold
• (3 deposits Tiriganiaq, F Zone, Discovery)

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Underground Exploration and Bulk Sampling Results
Strathcona Technical Report Feb 5, 2009 - SEDAR
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Surface Plan Underground Exploration Program
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Schematic Cross Section Tiriganiaq Gold Deposit
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Iron Formation (1100 Lode) Drift Geology -80
meters
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Quartz Vein (1000 Lode) Drift Geology -120 meters
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Bulk Sample Rounds 1000 Lode Gold
Mineralization
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Underground Exploration Program- Sampling Results

• Total of 25,500 tonnes of mineralized material
  from the 1000 (qtz. vn.) and 1100 lode (IF)
  drifts and raises.
• Average diluted gold grades
• 1100 lode 6.8 g/t gold
• 1000 lode 13.2 g/t gold
• Average undiluted gold grades
• 1100 lode (33 dilution) 9.1 g/t gold
• 1000 lode (60 dilution) 21.1 g/t gold
• Both lodes are physically continuous and
  mineralization is visually identifiable.
• 1100 lode is very straight and well behaved
  (amenable to bulk mining methods).
• Rock quality is excellent with no obvious rock
  mechanical issues (ongoing geotechnical study).

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Tiriganiaq Underground Program- Surface
Infrastructure
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Ongoing and Future Work

• Main Goal rapidly advance the project to
  completion of Feasibility
• Regulatory
• Submission of a Preliminary Project Description
  to the regulatory authorities to begin the formal
  permitting process.
• Commence Draft Environmental Impact Study after
  receiving regulatory guidelines.
• Technical
• Technical upgrading studies on all facets of the
  project (engineering, environment, geochemistry,
  geotech).
• Infill drilling of the Tiriganiaq and F Zone
  deposits as required to upgrade resource
  classification.
• Infill and delineation drilling of the Wolf and
  Pump satellite deposits and the estimation of
  resources on these two deposits.
• Reconnaissance drilling to locate the source of
  the high grade gold boulder trains on the western
  end of the Meliadine West property.
• Commence a feasibility study on the Tiriganiaq
  Deposit.

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Comaplex Minerals TSXCMF Suite 901, 1015 4th
Street SW Calgary, AB T2R 1J4 www.comaplex.com
info_at_comaplex.com [phone]