COMPANY OVERVIEW

ASX:MII
January 2009

Vision

To be one of Australias most successful junior resource development company unlocking value and creating wealth for shareholders by delivering significantly above average returns

Strategy
Two Level Strategy For the Development of Meridian
Stage One
Acquire small scale operating or mothballed gold or copper mine to provide a cash flow before the end of 2009 Develop shareholder base, increase liquidity and drive share price based upon increased news flow and operational focus Build a portfolio of gold and copper projects from distressed asset sales Fund exploration utilising cash flow from operation

Stage Two
Acquire medium scale gold or copper project at Scoping or Feasibility Study Stage Put project in to production within 2 years of acquisition Undertake synergistic acquisitions or mergers

Goals
Short Term
Acquire operating or mothballed gold or copper project Finance acquisition through equity Generate positive cash flow within 12 months Maintain tight capital structure in order to maximize capital growth for shareholders Significantly outperform the All Ords

Long Term
Acquire medium size gold or copper project at Scoping Study or Pre-Feasibility stage and capture upside in project through growing the defined resource base Grow a focused project and exploration portfolio around project Build a medium size mining company

Management Team
Managing Director Jeremy Read
20 years experience in domestic and international mineral exploration & project development 11 years with BHP Minerals Exploration, 2 years as Australian Exploration Manager In 1992 Discovered Cairn Hill Fe-Cu-Au deposit currently being developed by IMX Resources Founding Managing Director of Discovery Metals Limited (DML) Secured Boseto Copper Project for Discovery Metals in NW Botswana Raised >AUD$15M in funding for DML in 2007 Commenced feasibility study on Boseto Copper Project Increased DML share price by 300% and market cap by 400% in 2007

Directors
Chairman Ray Miller
30+ years experience in the international resources industry CFO for MIM, VP Finance BHP Steelmaking and Energy Materials Diverse domestic and international experience in operations, strategy development, finance and M&A activities

Non Executive Director Michael Howard

Mining Engineer with 30+ years experience management and operations 27 years with BHP in coal and copper operations and new projects Manager Business Development for Roche Mining COO for MidWest Corporation

Non Executive Director - Morrice Cordiner

Lawyer with 20 years experience in the broking and resources industry Founding Director of Andean Resources (ASX:AND) and Discovery Metals (ASX: DML)

Directors cont.

Non Executive Director Paul Niardone

Founding Chairman of Bellevue Resources Executive Director of Professional Public Relations Experienced in marketing, investor relations and strategic planning

Exploration Manager- Quinton Hills

Experienced in copper and gold mineral exploration having worked for Teck-Cominco and CopperStrike in Nth QLD and western New South Wales Ran the exploration team which defined the Zeta and Plutus Copper Resources (46.1 Mt @ 1.4% ECu) for Discovery Metals

Skill Set Summary

Multi Commodity mineral exploration
Project generation Geological, geophysical and geochemical activities

Gold, base metal and coal project assessments Project feasibility studies and risk assessments Company and project financing
ASX and AIM listings Investor relations Extensive Investment banking contacts

Project management Project construction Operational excellence

Capital Structure
Shares Prior to Dec Capital Raising SPP December 2008 Total Shares Post Dec Capital Raising Tradeable Shares Total Options Tradeable Options Market Cap @ A$0.05 75,666,666* 3,120,000 78,786,666 51,895,816 51,000,000 28,814,767 A$3.9 M

* 35% of shares held in escrow until Dec 2009

Top 20 67% Management 23%

Major Shareholders and Cornerstone Investors

Cornerstone Investors
Teck Australia Pty Ltd Mithril Resources Limited Mr. R. A. Healy Macquarie Bank

Major Shareholders
Mithril Resources 10.2% Teck Australia Pty Ltd 8.1% Mr. R. A. Healy 6.3% Macquarie Bank 4.9% Trindis Pty Ltd 4.5% Jeremy Read 4.1%

Portfolio of Projects

Conclusions
Vision To be one of Australias most successful junior project development company unlocking value and creating wealth for shareholders Capitalize on uncertain times to secure quality operating and advanced project (s) Stage One Strategy of securing a positive cash flow asset to fund future growth and exploration Stage Two Strategy of obtaining an advanced project with significant upside to be captured during feasibility studies Management and Board skills covering all aspects from discovery to production Objective of leveraging skills and contacts to build a medium sized mining company

Jeremy Read Managing Director Phone: 07 3844 6444 Email: jeremy@meridianminerals.com.au

www.meridianminerals.com.au