REESTABLISHING GOLD PRODUCTION

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RE-ESTABLISHING GOLD PRODUCTION

• INVESTOR PRESENTATION
• May 2009

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Disclaimer

• DISCLAIMER
• Important Notice
• The purpose of this presentation is to
  provide general information about Convergent
  Minerals Ltd (CVG"). It is not recommended that
  any person makes any investment decision in
  relation to CVG based on this presentation. This
  presentation contains certain statements which
  may constitute "forward-looking statements". Such
  statements are only predictions and are subject
  to inherent risks and uncertainties which could
  cause actual values, results, performance or
  achievements to differ materially from those
  expressed, implied or projected in any
  forward-looking statements. No representation or
  warranty, express or implied, is made by CVG that
  the material contained in this presentation will
  be achieved or prove to be correct. Except for
  statutory liability which cannot be excluded,
  each of CVG, its officers, employees and advisers
  expressly disclaims any responsibility for the
  accuracy or completeness of the material
  contained in this presentation and excludes all
  liability whatsoever (including in negligence)
  for any loss or damage which may be suffered by
  any person as a consequence of any information in
  this presentation or any error or omission there
  from. CVG accepts no responsibility to update any
  person regarding any inaccuracy, omission or
  change in information in this presentation or any
  other information made available to a person nor
  any obligation to furnish the person with any
  further information.
• COMPETENT PERSONS STATEMENT
• The geological information in this
  presentation is based on information compiled by
  Mr Rod Mcillree, and by Mr Jeremy Whybrow. Mr
  Mcillree and Mr Whybrow are both members of The
  Australasian Institute of Mining and Metallurgy
  and are both Directors of Convergent Minerals
  Ltd. Mr Whybrow and Mr Mcillree both have
  sufficient experience relevant to the style of
  mineralisation and type of deposit under
  consideration and to the activity which they are
  undertaking to qualify as a Competent Person as
  defined in the 2004 Edition of the Australasian
  Code for reporting of Exploration results,
  Mineral Resources and Ore Reserves. Mr Mcillree
  and Mr Whybrow consent to the inclusion in this
  presentation of the matters based on the
  information in the form and context in which it
  appears.

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The Bounty gold project mine site
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Bounty Gold Project History

• 1989 - 2001 Bounty Mine produced 1.2m Oz Gold
• 1999 Bounty Project acquired by Viceroy
  Australia
• 2001 Bounty Mine profitable but closed due to
  finance hedging out of the money, rising
  operational costs seismic activity in area
  Administrators took over
• Nov 2008 CVG acquired Montague Resources which
  owned the Bounty Project. Included extensive
  project data
• 16 years of exploration data
• 12 years of mining, metallurgical and production
  data

Bounty Project tenements and Gold deposits
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Experienced Team

• CVG Board is highly experienced in gold
  exploration
• Executive Chairman Mr Simon K Cato (B.A.)
• Over 20 years experience in capital markets in
  regulatory broking roles
• Worked at ASX in Sydney Perth overlooking the
  activities of listed companies
• As a broker, involved in underwriting a number of
  IPOs . Involved as broker director of the
  Medusa Mining IPO, a successful gold producer in
  the Philippines
• Director Advanced Share Registry, Queste
  Communications, Bentley International
  Scarborough Equities
• Managing Director Mr Roderick Mcillree (B.Sc.
  Mineral Exploration Mining Geology)
• Worked for major international domestic mining
  companies as exploration and mine geologist
• Gold projects included Granny Smith Joint Venture
  (Granny Smith, Sunrise Dam, Kerringal Wallaby),
   Big Bell Wiluna
• Worked as analyst advisor for broking houses
  experienced in international capital raisings
• Executive Director Greenland Minerals Energy Ltd
• Exploration Director Mr Jeremy Whybrow (B.Sc.
  Mineral Exploration Mining Geology)
• 12yrs domestic international mining experience
• Experienced in exploration mining operations,
  project evaluation feasibility studies
• Management roles at Tarmoola Sons of Gwalior
  large scale gold operations
• Executive Director Greenland Minerals Energy Ltd

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District Geology

• The Bounty Project is located within the
  Forrestania greenstone belt of the Yilgarn Craton
  in WA
• The Yilgarn Craton is a globally significant
  gold and nickel province that hosts in excess of
  2,000 known gold deposits which have produced in
  excess of 100 mOz of gold (Snowden Report
  14/05/08)

Simplified geology of the Forrestania belt
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Bounty Gold Project

• Bounty Project covers the closed Bounty gold
  mine operation
• 12 open pits 1 underground
• Includes former Bounty Mine which produced 1.2m
  oz Au 1989 - 2001
• Controlled by Convergent Minerals Limited (ASX
  CVG)
• 43km2 5 granted mining tenements Eastern
  Goldfields WA
• 360km east of Perth (4-6hrs by road) 120km S/SE
  of Southern Cross
• Huge regional database
• 120,000 drill holes, soil, auger, rab, rc, dd,
  magnetics, em

Bounty Project Location in WA
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Current JORC Gold Resources

• JORC Measured, Indicated, Inferred Resources
  total 703,000 oz Gold (12,560,000t _at_ average
  grade 1.74g/t)

Source Hellman and Schofield Report 2009
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Work Program

• Recently completed voluminous Bounty Project
  database compiling data into same grid system
• Desktop BFS study to re-optimize pits at current
  gold price (300,000 oz target) targeting remnant
  reserves in existing open pits
• Identify distressed mining processing equipment
  to upgrade complete existing infrastructure
  circuit at the site OR bring in contractors for
  heap leach process
• Commence open pit mining gold production

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Infrastructure Expedites Development

• Existing Infrastructure
• Well maintained haul roads
• Process water portable water catchments Bore
  field
• Power line connection to main power grid
  available
• Exploration camp with power telecommunications
• Concrete pad for processing plant
• Sunk project costs to date over A250m
  (Source Metplant Engineering Services)

• Required Infrastructure
• Crushing grinding circuit
• Reconnection to power grid
• All above likely to be purchased as distressed
  equipment

Bounty exploration camp
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Capital Structure As at December 2008 quarter

• Shares on Issue 40,850,300
• Options on Issue 36,650,300
• Market cap at 7c 2.8m
• Cash 2.7m

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Capital Structure post rights issue and placement

• Shares on Issue 55,348,590
• Options on Issue 36,650,300
• Market cap at 7c 3.7m
• Cash 3.7m

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CVG Project Strengths

• 12 year production history
• Proven as a profitable mine
• Historically profitable at 500/Oz gold price
• Experienced management team
• 100 owned by CVG
• Significant upside
• Proven metallurgy
• Open pit
• Known established reserves
• Resource upside

Aerial photograph of the former Bounty gold
mining processing operation