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La Mancha’s presence in Africa A responsible approach to mining

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La Mancha’s presence in Africa A responsible approach to mining

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  1. LMA-TSX La Mancha’s presence in Africa A responsible approach to mining

  2. Disclaimer Certain information contained or incorporated by reference herein, including any operating performance of La Mancha Resources Inc. (“La Mancha”), constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words “projected”, “attributable”, “potential”, “will” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by La Mancha are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in the spot and forward price of gold or certain other commodities; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada or other countries in which La Mancha does or may carry on business in the future; business opportunities that may be presented to, or pursued by, La Mancha the ability to successfully integrate acquisitions; operating or technical difficulties in connection with, mining or development activities; the speculative nature of gold exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; adverse changes in the credit rating; and contests over title to properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect the actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, La Mancha. You are cautioned that forward-looking statements are not guarantees of future performance. This presentation uses the terms “inferred resources” and “measured & indicated resources”. La Mancha advises you that these terms are recognized by Canadian securities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”). You are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a preliminary assessment as defined under NI 43-101. You are cautioned no to assume that part or all of an inferred resource exists, or is economically or legally mineable. The information contained herein is confidential and does not constitute a recommendation by La Mancha its agents or any vendor party nor does it form the basis of any contract or offer for the sale of the business of gold exploration, development and mining. The recipient of the information contained herein agrees that the information is to be considered confidential and proprietary to La Mancha and shall hold the same in confidence, shall not use it other than for the purposes of its business with La Mancha and shall disclose it only to its officers, directors, or employees with a specific need to know. The recipient will not disclose, publish or otherwise reveal any of the confidential information contained herein to any other party whatsoever except with the specific prior written authorization of La Mancha. The information contained herein may not be published, distributed or transmitted without La Mancha’s formal approval and does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities. LMA-TSX

  3. Introduction to La Mancha LMA-TSX

  4. La Mancha’s Transition 2006Transformation 2007Asset Development & Structure Building 2008Growth gold assets Public Offering TSXV  TSX 3 exploration properties  30 exploration properties no producing gold mines 2 producing gold mines Change in management 53,900 ounces of gold produced Accelerated Development of two Australian Gold Project Implementation of exploration platform Start of a new quartz line 87,000 ounces in gold production anticipated Aggressive exploration strategy Resource Expansion LMA-TSX

  5. Overview of La Mancha 5 3 gold mines in operation 1 advanced projects 30 exploration projects Headquartered in Montreal Listed on the TSX Market Capitalization of $74 million* * as of May 20th, 2008 LMA-TSX

  6. 6 Shareholder Profile MarketFloat Areva * As of June 9th, 2008** As of March 31, 2008

  7. 2007 Goal Comment 53,900 oz of gold produced in 2007 Produce 51,550 oz of gold* Feasibility Study completed in December Complete Frog’s Leg Feasibility Initiate Mine Development 1,650 metres of decline completed Set up team of 16 exploration geologists with cumulative 50 years of experience Set up a global exploration platform Increasing milling output throughout Q4 2007 Start Hassaï Quartz milling line First phase of optimization program completed Hassaïand Ity Cost Reduction *Revised estimate La Mancha’s 2007 Scorecard LMA-TSX

  8. Targets for 2008 2008 Goal Comment Higher production volumes from Ity and Hassaï and start of Frog’s Leg Production Produce 87 000 oz of gold Start Frog’s Leg underground operations Current development on time and on budget Unlock exploration potential Attributable exploration budget of C$10.6M Second optimization phase at Hassaïand Ity Reduce costs LMA-TSX

  9. Attributable Gold Production 2008 Outlook 2007 2008E Sudan34 760 40 000 Full impact of the new quartz line Implementation of phase 1 of optimization program Hassai mine US$481/oz US$496/oz Ivory Coast19 140 24 600 • End of Flotouo-Ziapit’s mining life • Start of mining at the new higher grade Mount Ity pit • Introduction of a 3rd milling shift Ity mine US$491/oz US$355/oz AustraliaNo Production 22 400 • Started ore production in March • Started gold production in May (almost 2 months ahead of schedule) • Average cash cost of the project: US$399/ounce Frog’s Leg US$667/oz 53 900 87 000 US$485/oz US$500/oz 2008 Performance Drivers LMA-TSX

  10. 10 Resource and Production Distribution Attributable Production from S2 2008 and onward Attributable Resources* (excluding inferred) Australia Africa Australia Africa * Numbers provided on following slide, incorporating Frog’s Leg resource update which occurred on April 1st, 2008.

  11. Attributable to La ManchaResources inclusive of reserves December 2007 December 2008E Ounces Grade (g/t) comment Frog’s Leg Proven and Probable Reserves 317 019 5,29 New mining plan Measured and Indicated Resources 368 730 * 7,00 Extensions toward north and at depth White Foil Proven and Probable Reserves - - Pending on feasibility Measured and Indicated Resources 399 960 2,20 Reassessment of resources Hassaï – gold Proven and Probable Reserves 189 162 4,89 Reassessment of Hadal Awatib SBR Measured and Indicated Resources 4,86 Tailings 314 794 Hassaï – VMS Measured and Indicated Resources N/A N/A Volcanogenic massive sulfides Ity Proven and Probable Reserves 182 679 5,21 Walter, extension of Ity pit Measured and Indicated Resources 240 099 5,25 Reassessment with 1g/t cutoff (CIP study) Total Proven and Probable Reserves 688 860 5,15 Measured and Indicated Resources 1 323 584 3,84 Reserves & Resource Update * Frog’s Leg M & I resources were reviewed to 505 000 ounces on April 1st, 2008. Goal of achieving 4 million ounces of resources within 4 years LMA-TSX

  12. 12 First Quarter Highlights (1) Including 1,910 ounces of pre-production following the de-watering of the White Foil mine

  13. Our presence in Africa 13 LMA-TSX

  14. Hassai Mine – Northeast Sudan Quick facts: • Inauguration: 1992 • Ownership: 40%(operated by La Mancha) • Mine type: open pit • Production to date: 2,000,000 oz • Expected mine life: minimum of 2 years • Ore processing: Heap Leach What to expect in 2008: • Full impact of new quartz line • Implementation of Phase 2 of optimization program • Tailing qualification into the resources • Exploration of promising SBR targets • Start-up of a VMS exploration program • CIP/CIL scoping study underway Management expects significant improvement in the resource estimate by the end of Q3 LMA-TSX

  15. VMS Complexe sédimentaire de faciès de roches vertes Laves andésitiques et dacitiques et roches pyroclastiques Hadal Awatib East(west part) Hadal Awatib East(East part) Hadal Awatib Est(partie ouest) Hadal Awatib East(partie est) 15 Exploration in Northeast Sudan VMS Potential Assessment (cont.) 12 month VMS drilling program to start February 2008 at a cost of $2.9 million $1.2 millionattributable to La Mancha) • 7000-meter diamond drilling program conducted from bottom of the existing SBR pits • Intended to better understanding base metal distribution • Program aimed at confirming the presence of a minimum of 5 to 10 million tonnes of enriched ores, with grades in the order of 2% Cu, 3% Zn and 1 g/t Au would trigger the completion of a scoping study • Initial drill results are expected to be released during Q3 2008 First Synthesis, Including Preliminary Economic Assessment, Can Be Expected During Q3 2008 LMA-TSX

  16. Ity Mine – Côte d’Ivoire 16 Quick facts: • Inauguration: 1991 • Ownership: 45.9%(operated by La Mancha*) • Mine type: open pit • Production to date: 600,000 oz • Expected mine life: 10 years • Ore processing: Heap Leach What to expect in 2008: • Start of higher grade mining at thenew Mount Ity pit • Introduction of a 3rd milling shift • Zia extension and Tontouo drilling results should be reported by the end of May • Further drilling on Zia extension and Walter Anomaly during Q2 2008 • CIP/CIL scoping study Q4 2008 • Resource update in Q3 2008 • *In accordance with management agreement adopted by the co-owners LMA-TSX

  17. Ity Mine – Côte d’Ivoire 17 • Best Mount Ity Intersections Include (February 22, 2008): 2.65 m at 29.62 g/t Au from 1.05 m 10.65 m at 6.93 g/t Au from 72.25 m 5.05 m at 14.84 g/t Au from 20.60 m 2.36 m at 14.78 g/t Au from 66.10 m • Best Walter Intersections Include (April 08, 2008): 5.00 m at 18.55 g/t Au from 16.75 m 4.00 m at 26.28 g/t Au from 36.10 m 5.00 m at 30.00 g/t Au from 18.65 m 3.65 m at 11.18 g/t Au from 26.25 m • Best Zia Extension Intersections Include (June 2, 2008): 31.00 m at 2.82 g/t Au from 9.00 m 19.45 m at 3.57 g/t Au from 0.00 m 4.00 m at 16.29 g/t Au from 26.75 m 7.45 m at 6.89 g/t Au from 55.45 m LMA-TSX

  18. A responsible approach to mining LMA-TSX

  19. 19 A responsible approach to mining • In August 2008, SDTF, a Washington based NGO responsible for reporting to American authorities on companies with commercial operations in Sudan targeted La Mancha due to its participation in the Hassaï mine • The following Companies were also targeted: • In October 2007, after further investigation, SDTF acknowledged La Mancha’s positive influence for the country and supported La Mancha’s presence in Sudan • La Mancha was one of the few companies to be given support from SDTF • Country: France • Industry Sector: Power/Energy Country: Switzerland Industry Sector: Power/Energy Country: FranceIndustry Sector: Oil Country: SwedenIndustry Sector: Oil LMA-TSX

  20. 20 A responsible approach to mining Most of these workers were initially unskilled before receiving the appropriate mining-related training at the mine Over time, some have attained managerial positions Their salaries now represent a significant proportion of the region’s economic activity Hassaï workers’ salary is on average twice as high as the average Sudanese salary and more than four times the minimum wage Factors which contributed to La Mancha’s support: • La Mancha believes that the Hassaï mine operations contribute to improve the living conditions of about 10,000 Beja tribe members • La Mancha supports the highest standards in respect to the safety of its workers • La Mancha ensures that statutory environmental requirements are complied with in all the countries in which we operate LMA-TSX

  21. 21 A responsible approach to miningOur contribution to the local community The Regional Development Fund • Created by AMC in 1998 • Supports community projects benefiting to the community living surround the mine Accomplishments to date: • 7 schools • 1 medical clinic • Water and Power supply • Transportation and Communication services LMA-TSX

  22. Conclusion 22 LMA-TSX

  23. 23 Objective and Strategies of the Company Objective: • To become a Mid-Tier Producer while being socially responsible Strategies: • Proactively engaging in socially responsible programs aimed at helping local communities while maintaining high worker and environmental standards • Accelerate our exploration programs in Australia and in Africa • To leverage the expertise and the business opportunities brought by AREVA

  24. 24 2001 University St., Suite 400, MontrealQuebec, Canada H3A 2A6 T: 514-987-5115 • F: 514-987-5119 Toll Free in North America: 1-877-987-5115 info@lamancha.ca www.lamancha.ca LMA-TSX LMA-TSX

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