The Haber Gold Process HGP4 AN ENVIRONMENTALLY FRIENDLY GOLD EXTRACTION & RECOVERY TECHNOLOGY. Minerals Division

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1 The Haber Gold Process HGP4 AN ENVIRONMENTALLY FRIENDLY GOLD EXTRACTION & RECOVERY TECHNOLOGY 1 Minerals Division

2 CORPORATE OVERVIEW Haber, Inc. is a Delaware Corporation, founded in 1972, with corporate offices in Arlington, MA, it is a high technology process development company with proprietary technologies in extractive metallurgy and electrochemical separations. These technologies include the company's Haber Gold Process (HGP4/Aladdin) chemical systems and equipment for the hydrometallurgical extraction of gold from ores. The Haber Gold Process is both non-toxic and more efficient than conventional solvents such as cyanide. This technology accelerates the gold extraction rate and may increase gold recovery from its ores by a substantial factor. The company's Electromolecular Propulsion (EMP) technology is an electrochemical process that enables the electrically controlled movement or positioning of a variety of different molecules. It is distinguished from the techniques of electrophoresis and chromatography by its wide variety of potential applications and the greater speed and control of the results. T T H E H A B E R G O L D PR O C ESS he Haber Gold Process (HGP) stands for a series of basic hydrometallurgical environmentally friendly processes developed to process gold ore. Within this HGP classification are a number of formulations and their various subsets along with appropriate process controls which cover a wide spectrum of applications for various ore types. These processes along with specialized equipment have been developed over a period of 25 years and are now ready for commercial implementation. HGP4 represents the latest series of proprietary environmentally friendly, gold extraction and recovery processes that replace cyanide, mercury carbon towers, electrowinning and Merrill Crowe. Additionally, HGP4 includes proprietary sulfide and telluride pretreatment solutions, lixiviants (extracting solutions) and recovery solutions. In practice, HGP4 achieves exceptionally fast extraction rates in 1-4 hours overall cycle. In addition, the HGP4 recovery process works in minutes with simple equipment. The gold recovery cycle starts with the extracted pregnant gold solution being pumped into a recovery processor, the HGP4 recovery solution is then premixed, added and stirred, in about minutes the gold begins to participate out of solution and a filtration or gravity system is used to capture the high purity powdered gold. The HGP4 system is effective with micro fine gold, sulfides, and telluride and other ore types where cyanide becomes uneconomical or very inefficient.

3 The special properties of HGP4 and operating process parameters allows the capital equipment requirements to be quite modest utilizing uniquely designed equipment ( Aladdin series) to maximize the effectiveness of the HGP4 formulations which can work with both high and low-grade ores. Vat leaching is a preferred mode of use. HGP4 Flow Diagram Mining Crushing/Grinding If required (40-80 Mesh) Head Ore Sulfide pre-treatment (if required done in Aladdin Machine ) Aladdin Machine (pre-treatment, and extraction) Concentration Gold powder Furnace Haber Recovery Process Pregnant Gold Solution Filter or settling tank Recirculation circuit Pregnant Gold Solution Reservoir Wash water Tailing Ph 7 Makeup water Makeup water return EXPORT Gold Effluent Pond 1 19 HGP AUTHENTICATION Approximately 100 tons of various types of gold ore have been successfully processed in HGP pilot tests. The authenticity of the extraction technology has also been independently verified by several respected mining engineering firms. Third Party Verification The Haber Gold Process is a novel method for processing gold ores. It offers various advantages over other present techniques. The Haber Gold Process extracted gold in bulk and in significantly less time than is possible with cyanide. Recovery rates were exceptionally good, particularly when compared to cyanide on the ores tested. The Haber Gold Process does not require any exotic equipment or hardware, or pose unusual engineering problems in the design or fabrication of a commercial plant. Handling requirements for the chemicals used are significantly less stringent than those practiced for cyanide. This should simplify waste disposal.

4 Additional Tests on Concentrates Increased gold recoveries in a shorter period of time when comparing the new lixiviant versus cyanide leaching. The reagent costs are comparable in many cases to cyanide and with certain ore types lower with the HGP reagents versus the cost of conventional cyanidation. The ores responded much faster under the new lixiviant system compared to conventional cyanidation. Without the use of mercury or cyanide, the concentrate in Ghana was extracted and recovered with 99% efficiency. The extraction process took 3 hours. Recovery was accomplished in 2 minutes. This new lixiviant system will work extremely well on gold bearing ores which are microfine or that contain heavy metal concentration. Test work also investigated whether or not conventional gold capturing means can be used to recover the gold from solution. Both Merrill Crowe and carbon were investigated and it was determined that both systems could be used in order to gather the gold from the leached ore. However, HGP has a unique recovery system, the preferred method that works on a number of ore types in minutes with nothing more than the pregnant gold solution, holding tank, and stirrer and filtration system. HELPING TO PROTECT THE ENVIRONMENT More and more states and countries around the world are restricting the use of cyanide in mining operations. When Cyanide, a well known poison, happens to leak from a containment pond, the seepage invariably causes serious environmental problems. Furthermore, the heavy metals which regularly leach during cyanide processing and from the resulting ore tailings are also known to contaminate the land and water supplies. In contrast to cyanide leaching, HGP operates cleanly. HGP Passed California s Aquatic Toxicity Test An independent California certified laboratory tested the HGP solution in accordance with the California Department of Health Services '96 Hour Acute Aquatic Toxicity Bioassay'. In order to meet this environmental standard, 50% of aquatic organisms used in the test must survive after a 96 hour exposure to a 500mg/l concentration. The HGP lixiviant passed with noteworthy results.

5 AQUATIC TOXICITY TEST RESULTS CONCENTRATION PERCENT SURVIVORS IN HGP HEAD SOLUTION PERCENT SURVIVORS IN HGP SPENT SOLUTION 250 mg/l 100% 90% 500 mg/l 85% 100% 750 mg/l 100% 90% The Aquatic Toxicity Test demonstrated that the HGP is not only environmentally safer than cyanide, but furthermore, safe in accordance with government standards. In short, living creatures can harmoniously exist with the nonpoisonous HGP system. HGP Does Not Leach Heavy Metals As a second component of the bioassay test, the laboratory also examined the materials that were present in the HGP lixiviant both before and after ore was processed. As evidenced by the table comparisons below, the extraction of heavy metals (other than gold) from the treated ore was negligible. Additionally, the spent solution that was analyzed had a neutral ph (7.0). MATERIAL QUANTITIES IN HGP SOLUTION* MATERIAL EPA METHOD QUANTITY IN HGP HEAD SOLUTION (mg/l) QUANTITY IN HGP SPENT SOLUTION FOR DISCHARGE (mg/l) Antimony (Sb) 7040 <2 <2 Arsenic (As) 7060 <0.01 <0.01 Barium (Ba) 7080 <2 <2 Beryllium (Be) 7090 <0.05 <0.05 Cadmium (Cd) 7130 < Chromium (Cr) Cobalt (Co) <0.05 Copper (Cu) Lead (Pb) <0.1 Mercury (Hg) Molybdenum (Mo) 7480 <0.5 <0.5 Nickel (Ni) <0.05 Selenium (Se) 7740 <0.05 <0.05 Silver (Ag) Thallium (Tl) 7840 < Vanadium (V) 7910 <0.5 <0.5 Zinc (Zn) Cyanide, (total) 9010 <0.1 <0.1 Sulfide, (total) 9030 <0.05 <0.05 Reactivity to Water Negative Negative

6 *The bioassay results listed above are specific to the ore tested and may not be achievable with a different ore type. SUITABLE ORE TYPES HGP techniques for various ore types have already been developed and the process has shown to be more effective than cyanide on the typical gold ores listed below. Microfine Gold Oxidized Ores With Significant Heavy Metal Content Acidic Ores Some Carbonaceous Ores Concentrates Sulfide ores Telluride ores HGP has also been effective on limestone and hematitic ores and can be used to extract gold from the tailings left by cyanide and mercury operations. Due to compositional variances from one type of ore to another however, it is essential that a laboratory study be performed by Haber in each case in order to determine the optimal processing strategy. Pretreatment When dealing with certain refractory ores (such as sulfide and telluride ores) using Haber s pretreatment on the head ore or concentrate may be employed in order to make overall processing more economical. Also, as a general rule, if it is possible to concentrate an ore before processing so that less 'waste' is introduced into the system processing becomes more economical. This is because the chemical volumes needed to wet the concentrated gold ore are reduced. Competitive Lixiviant Cost Although the chemical costs per ounce of gold extracted with HGP will vary with optimization techniques, they can even be less than those for cyanidation depending on the number of times the chemicals can be recycled. In one independent study the cost per ton of concentrate was approximately $60.00 with the cyanide method while the HGP reagent suite cost less than $8.00. (This result is only indicative of the relative difference achievable with a specific concentrate.) HGP4 Optimization The optimization of HGP in particular cases varies according to ore type. Techniques for a variety of ore types have already been developed. It is generally advisable to conduct a laboratory study in order to enhance the economics of any system overall. In most cases, an HGP4 system will require less capital costs, be in

7 production sooner, recover more gold, and in less time, than cyanide. which translates into higher revenues and profits? Haber Processing Equipment Schematic of Basic Aladdin Machine Process Functions (Aladdin equipment capacity is sized to meet the project requirements) Aladdin 1/2T HGP4 Gold Recovery Process Test Results Recent Selected Test Results of Various Ore s (The data represented below only indicate the laboratory results of specific ores submitted for testing. There is no representation that other ores from the same region will have similar results.) State: Ore assay value USA California Oxide 8 10 g/t Au Head ore Extracted 99% Gold using green chemistry in approx. 30 minutes. Gold recovery 99.5% using green chemistry in approx. 30 minutes. Gold purity 98% HGP4 Process CASE 1 Gold Extraction and Recovery Country of origin: State: USA Alaska Sulfide ore % Sulfur 15 20% approx. Ore assay value: 1.37g/t Au Concentrate

8 Extracted 99% Gold using green chemistry in approx. 2.5 hours including sulfur reduction. Gold recovery 99.5% using green chemistry in approx. 30 minutes. Gold purity 98%. HGP4 Process PACE rev.1 Sulfur reduction, Gold Extraction and Recovery Suriname Sulfide ore % Sulfur 20 30% approx. Ore assay value: 3.36g/t Au Head ore Extracted 99% Gold using green chemistry in approx. 3 hours including sulfur reduction. Gold recovery 99.5% using green chemistry in approx minutes. Gold purity 98% HGP4 Process PACE rev.3 Sulfur reduction, Extraction and Recovery Gold from ore Ore assay value: Ghana Oxide 11 oz/t Au Concentrate Extracted 99% Gold using green chemistry in approx. 50 minutes. Gold recovery 99.5% using green chemistry in approx. 30 minutes. Gold purity 98%. HGP4 Process CASE rev.2 Gold Extraction and Recovery Country of origin Ore assay value Peru Oxide 6.8 oz/t Au Head ore Extracted 99% Gold using green chemistry in approx. 25 minutes. Gold recovery 99.5% using green chemistry in approx. 30 minutes. Gold purity 98%. HGP4 Process CASE 1 Gold Extraction and Recovery Bulgaria Sulfide ore Telluride % Sulfur 40 50% approx Ore assay value 47 g/t Au Concentrate Extracted 98% Gold using green chemistry in approx. 2.5 hours including sulfur reduction. Gold recovery 99.5% using green chemistry in approx. 40 minutes. Gold purity 98% HGP4 Process PACE rev.5 Sulfur reduction, Gold Extraction and Recovery Ore assay value Mexico Oxide 15 g/t Au Head ore Extracted 99% Gold using green chemistry in approx. 45 minutes. Gold recovery 99.5% using green chemistry in approx. 30 minutes. Gold purity 98% HGP4 Process CASE 1 Gold Extraction and Recovery Suriname Sulfide ore % Sulfur 14% approx. Ore assay value: 4.0 oz/t Au Hg Generated Concentrate Extracted 99.7% Gold using green chemistry in approx. 23 minutes including sulfur reduction. Gold recovery in approx. 1 minute. Gold purity 99.4% HGP4 Process PACE rev.5 Sulfur reduction, Extraction and Recovery Gold from ore

9 SU M M A R Y C O MPA RISO N: H GP vs. C Y A NID A T I O N ITEM HGP CYANIDATION Extraction Rate Generally in high 90% Generally Lower than HGP4 Extraction Time 1-4 hours hours (typical) Capital Equipment Simple More costly Chemical Cost Water Requirements Grinding Requirements Comparable to lower with recycling on high grades Less - thicker slurry mesh 200+ mesh Low cost not including carbon and other chemicals used Greater - needed for fast agitation Spent Solution Minimal to no treatment, Costly - cyanide neutralization Reclamation Costs Lower - less stringent Costly - poison control Environmental Effects Friendly Hazardous Haber s Business Model Haber does not sell equipment or chemical formulations directly to users. Rather, the company only works through joint ventures or process for fee arrangements. In any business arrangement, Haber is unilaterally responsible for all ore processing. No project is too small or large for consideration, and all agreement terms are project specific. The deciding factor in any business arrangement is whether HGP as opposed to alternative processing methods is able to deliver more profits and other benefits to the venture participants or other stakeholders. STRATEGIC ABATEMENT OF MERCURY AND POVERTY (STAMP) In order to address the mercury problem existing within the worldwide gold mining industry, Haber has developed the Strategic Abatement of Mercury and Poverty (STAMP) program. This program is designed to induce artisanal and all mercury mining users to adopt Haber s environmentally friendly, highly efficient mining technologies. Traditional Mercury Amalgamation One of the simplest and most widely utilized methods for obtaining gold from ore relies on mercury as the extracting medium. When liquid mercury is poured over gold concentrate that contains free gold, the gold and other contaminating metals are absorbed and an amalgam is formed. The amalgam is then heated in order to remove the mercury, leaving a residue of gold and possibly other metals. Finally, the residue with its impurities is weighed by gold dealers who in turn estimate its value and purchase at a discount. Unfortunately, mercury is a highly toxic substance. Because the indigent in third world countries have few choices when confronted with the constant struggle to eke

10 out a meager subsistence however, when there is an opportunity to mine gold, they are typically left with no options but to disregard associated dangers. Escaping mercury vapors, as well as mercury residues in tailings, routinely destroy the health of these miners and their families. Furthermore, mercury contamination delivers serious negative effects upon regional wildlife and the food chain. STAMP Program Details The STAMP program is designed to provide a wholesome alternative to the million small scale miners worldwide currently using mercury to recover gold from ore. STAMP looks to establish regional plants in areas where small scale mines are located, and then proposes to buy gold concentrates for more money than what the local miners would receive if they used mercury to process the materials themselves. Although the Haber technology is an environmentally friendly alternative to the use of mercury, this is not sufficient enticement to miners struggling to survive. Generally, it is only a technology offering favorable economics that can prompt the miners to move away from a reliance on mercury. The efficiency of mercury recovery is 33% to 65%. The efficiency of HGP recovery is 90% to 99.5%. The large efficiency differential between mercury and HGP allows Haber to pay miners more for their material and still make a profit while helping to eliminate the use of toxic mercury. Haber, Inc. Albert Conti, Chief Executive Officer 58 Medford Street Arlington, MA PHONE FAX E MAIL a.conti@habercorp.com This information is not to be construed as an offer to sell or a solicitation to buy any securities. All information in this presentation is protected under the copyright laws of the United States. Haber does not warrant or assume any legal liability or responsibility for the accuracy or completeness of any information disclosed.