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A Global Resource Investment Company and Merchant Bank Own a Piece of Our Experience TSX:AAB June 2012 A Forbes & Manhattan Group Company OTCPS:AABVF

Aberdeen Corporate Presesentation

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Page 1: Aberdeen Corporate Presesentation

A Global Resource Investment Company and Merchant Bank

Own a Piece of Our Experience

TSX:AAB

June 2012 A Forbes & Manhattan Group Company

OTCPS:AABVF

Page 2: Aberdeen Corporate Presesentation

TSX:AAB

This presentation contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the proposed use of the proceeds of the financing, the receipt of all necessary approvals, the outcome of legal proceedings, the issue of permits, the size and quality of the company’s mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the financial results of the company the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration programs, anticipated production schedule and terms and the availability and likelihood of future acquisitions. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This presentation does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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Page 3: Aberdeen Corporate Presesentation

TSX:AAB 3

Global resource investment company / merchant bank Focused on private, micro- and small-cap resource companies

Unique, value-added approach to investing Actively builds companies to unlock value targeting triple digit returns over 2-5 years Leverages Forbes & Manhattan’s infrastructure and deal flow

Broad investment mandate in resource sector First Class Performance (67% IRR Since Inception, 4.5 Years) Significant exposure to gold in current portfolio Exciting investments in other resource sectors

Page 4: Aberdeen Corporate Presesentation

TSX:AAB

~$61.8M Investment Portfolio Market Value (April 30, 2012) ~C$0.71* /share

1.

*Excludes value of two gold royalties

Aberdeen’s Shareholders Own:

4

Page 5: Aberdeen Corporate Presesentation

TSX:AAB 5

Dividend – 4.0% Yield 2.

3. Gold Royalties paid quarterly*

5. Ongoing high quality deal flow Supporting next generation of investments

4. Performance Driven Upside • Bonus shares that will vest at No

Cost upon performance milestones on several holdings

~$500-700K *Royalty Sold effective May 31st

Dividend of $0.02/year to be paid semi-annually on March 31st and September 30th

Page 6: Aberdeen Corporate Presesentation

TSX:AAB 6

67%

4.5 Years Since Incept.

121%

3.0 Years Since Oct 2009

Page 7: Aberdeen Corporate Presesentation

TSX:AAB 7

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

2008 2009 2010 2011 2012

Portfolio Value Shareholders' Equity Stock Price

Page 8: Aberdeen Corporate Presesentation

TSX:AAB

• Seed Level Financings • Maintain Active Role • Public & Private

Companies

Aberdeen’s Capital

8

Actively building companies and creating value

• International Network • Geologists/Engineers • Legal/Admin/IR • Accounting

Forbes & Manhattan’s

Expertise

• Enhanced Returns • Proven Track Record • Successfully growing

the Portfolio Value

Success

Page 9: Aberdeen Corporate Presesentation

TSX:AAB 9

Merchant Banking Short-term investments Bridge financing Fee income

Royalty Revenue* Provides upside to higher gold prices Backed by 8 Moz reserves and 25 Moz resources

Private Micro-cap

Seed financings Active role in management & BOD Support financially in early stages

Active Investment +100%

From initial investment

+10% pa

+ Warrants

$2.5+M

pa

Targets

* Deal Pending for Gold Royalty Sale

Page 10: Aberdeen Corporate Presesentation

TSX:AAB 10

Our Active Strategy Lowers The Risk

1. We invest at “seed” level when valuation is at its lowest • Often we are involved structuring the deal for ourselves • Keep large warrant positions and/or debt for upside and

protection

2. We maintain active role as a company partner • Assist management in early stages • Leverage F&M network to recruit key operational people • Retain board seat(s)

3. We offer diversification

• Diversified over number of investments (commodity exposure, stage of development, etc.)

• Maintain financial flexibility for new opportunities while giving shareholders good upside exposure to our successes.

Page 11: Aberdeen Corporate Presesentation

TSX:AAB 11

Bear Market • Opportunistic from

investment perspective • Investments in distressed

assets and public companies • Assist in restructuring to

unlock value

Bull Market • Opportunistic for

portfolio growth • Investments in private

companies • Unlock value by taking

investments public and corporate sales/mergers

Page 12: Aberdeen Corporate Presesentation

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Aberdeen’s recent success:

$0.26

$1.18

$0.48

Avg Cost

Forbes & Manhattan success:

3,750% return in 4 years 4,500% return in 3 years

Desert Sun Mining (Gold) Consolidated Thompson (Iron Ore)

$735M sale price to Yamana Gold

$4.9B sale price to Cliffs

$0.14

$2.32

$0.34

Avg Cost

SOLD (Exited position at

$1.80-$2.32)

Page 13: Aberdeen Corporate Presesentation

TSX:AAB 13

Asset Class

Public Equities

Private Gold & Precious

Metals

Stra

tegi

c

By Commodity

*February 29, 2012

Page 14: Aberdeen Corporate Presesentation

TSX:AAB 14

Sulliden Gold (TSX-SUE) Canadian-based gold development company with assets in Peru Developing the Shahuindo Gold Project, its 100%-owned flagship property

located in a prolific gold producing district in northern Peru, close proximity to Barrick’s Lagunas Norte and Newmont’s Yanacocha operating mines

Low cost, low capital mining scenario, forecasting production of ~150,000 oz per year, financed to construction

Feasibility study underway with expected completion by fall 2012

Page 15: Aberdeen Corporate Presesentation

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TSX-v: EAS Engaged in the exploration, acquisition and

development of mineral properties in Asia with a key focus on Indonesia and Mongolia

Current focus on the multi-million ounce Miwah high sulfidation epithermal gold deposit located in Aceh, Indonesia. Currently @ 3.28 MMoz

In 2011, East Asia Minerals became a member of the Forbes & Manhattan Group of Companies

Capital Structure

Common Shares 110,221,582

Warrants 29,950,000

Options 6,708,000

Fully Diluted 146,879,582

52-wk High/Low $8.24 / $0.41

Market Cap C$65 million

Cash C$19 million

Page 16: Aberdeen Corporate Presesentation

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Aberdeen has a UNIQUE and SUSTAINABLE business model that needs to be better recognized

• Tell our story through enhanced marketing efforts

• Continue to post exceptional results

• Cannot replicate our business with public holdings, therefore large valuation gap is not warranted

• Increase assets under management

• Sold gold royalties for $20.9 million (May 31, 2012)

• Increase liquidity and reduce market risk

• Organic portfolio growth

• 2012 warrants ($37.5 mm)

• Manage capital structure

• Execute regular share buybacks

• Increase dividend • Pursue other

corporate growth opportunities

PRIORITY #1 PRIORITY #2 PRIORITY #3

Page 17: Aberdeen Corporate Presesentation

TSX:AAB 17

PORTFOLIO GROWTH

CORPORATE GROWTH

Reducing discount to shareholder’s equity Increasing AUM should increase liquidity and reduce discount

Sale of gold royalties (closed May 31st) will provide new cash for investment into high quality, extremely undervalued world class assets.

New investments in precious metals, iron ore, coal, agri-minerals and energy set to continue the momentum in 2012

3 – 4 private investments to list in next 12 months – more value and liquidity Performance shares expected to vest for Aguia and Forbes Coal Unique access to seed financings on great resource assets

Page 18: Aberdeen Corporate Presesentation

David Stein President & COO 416-861-5812 [email protected]

Contact Details

Mike McAllister Manager, Investor Relations 416-309-2134 [email protected]

A Forbes & Manhattan Group Company

Follow us:

TSX:AAB

www.aberdeeninternational.ca

Page 19: Aberdeen Corporate Presesentation

TSX:AAB 19

Page 20: Aberdeen Corporate Presesentation

TSX:AAB 20

Share Structure Major Shareholders

Management & Directors

15%

Shareholders’ Equity (Jan 31, 2012) = $1.12/share

Share Price (June 6, 2012) $0.44

Market Capitalization $38.1M 52 week High/Low $0.92/$0.40

TSX:AAB Shares Issued & Outstanding 86.5M Options 6.0M Fully Diluted 92.5M

AXA US Global Investors Freestone Capital TD Asset Mgmt Sentry Investments Dimensional Fund Meyer Handelman

11%

Page 21: Aberdeen Corporate Presesentation

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George Faught, C.A. Chief Executive Officer

David Stein, CFA, MSc. President & Chief Operating Officer

Ryan Ptolemy Chief Financial Officer

Richard Bishop Vice President of Investments

Board of Directors

Strong management with a DEPTH of experience in the resource sector and a PROVEN track record at building companies from the seed level through to highly successful exits

Management Team Stan Bharti, P.Eng. Executive Chairman

George Faught, C.A. Director

David Stein, CFA, MSc. Director

Hon. Pierre S. Pettigrew Director

Bernard Wilson, C.A. Director

Mike Hoffman, P.Eng. Director

Jean-Guy Lambert, MBA Director

Page 22: Aberdeen Corporate Presesentation

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Aberdeen compares favorably with the “better-known” resource investment companies

Sprott Resource Corp.

Pinetree Capital

• Large size, well financed, brand name mgmt

• 40% in cash and gold • Equity accounting

(private holdings) means revaluation events are rare

• Heavily weighted to agriculture and energy

• Expensive management fees

5-10 positions 20-30 positions 400+ positions

0.9x Shareholders’ Equity (March 31, 2012) 0.5x SE (est.) 0.5x SE (April 30, 2012)

• Large size, liquidity • Holds many passive

minority positions, marked-to-market quarterly (good visibility)

• Shareholders’ equity tracks TSXV index

• Little to no impact for individual positions

• Small market cap • Combination of liquid

public, private holdings, gold royalties

• ACTIVELY participates with management to optimize value and protect interests

• Big investment wins have a material impact to shareholders

• Pay dividend

Page 23: Aberdeen Corporate Presesentation

TSX:AAB

F&M Provides Industry Leading Technical Knowledge & Accomplished Financial Markets Professionals

• Over 25 engineers • Over 25 geologists • Expertise in all

mining, energy & agriculture products

• 6 full-time securities lawyers

• Over 30 people with expertise in – M&A – Investment banking – Corporate

development – Investor relations

• Over 15 accounting and administration staff

Technical Team

Legal Team

Financial Team

Admin / Accounting

23

Financing Marketing

M&A World class team Proven track

record

Actively building companies and creating value

Page 24: Aberdeen Corporate Presesentation

TSX:AAB 24

Gold Royalties*

Investment Portfolio

Cash

1% gold NSR

Buffelsfontein Mine (Simmers & Jack) Mine Waste Solutions (First Uranium)

8 Moz reserves

25 Moz resources

US$2.5M Current net over next 12 months

C$61.8M

Value at (April 30, 2012): 1. Sulliden Gold 2. Belo Sun 3. Forbes & Manhattan Coal 4. Brazil Potash 5. Black Iron

20other investments Agriculture Oil & Gas Mining

C$1-5M

Always evaluating new investments. Typical entry point:

Top 5 holdings

Top 5 holdings = 51% of Portfolio

* Gold Royalty Sold (May 31, 2012)

Page 25: Aberdeen Corporate Presesentation

TSX:AAB

Sulliden

Sagres Brazil Potash

Belo Sun

Aguia Aguia

Largo Aguia

Irati

Alder Resources Bell Copper

Copper One

Bell Copper Copper One

Castillian Alexis Alexis

Alderon

Forbes Coal

Black Iron Sulliden

Alexis

Castillian Pitch Black

Allana

Allana

Silver Bear

Rodina

Castillian

Sagres

Copper One Rodina

Sagres

Cap-Ex

Cap-Ex

East Asia

East Asia

East Asia

Longford

Vast Exploration

East Asia

Temujin

Legacy Platinum

Dacha

Scandinavian Metals

Desert Eagle

F&M Headquarters

Forbes Offices

Energy

Precious & Base Metals

Fertilizer/Ag Output

Iron Ore/ Specialty Metals

Strategic Metals

Page 26: Aberdeen Corporate Presesentation

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Excellent infrastructure access to power, rail and port facilities Close to 5 other operating mines including

Arcelor Mittal’s iron ore complex 814 MT of measured, indicated inferred

resources at 31-32% iron Similar size and grade to Consolidated

Thompson (Canada), recently sold for $4.9 billion Experienced Management Team

TSX: BKI

Capital Structure

Common Shares 57,414,132

Warrants 21,829,348

Options 6,871,999

Fully Diluted 86,115,479

52-wk High/Low $1.16 / $0.25

Market Cap $42 million

Page 27: Aberdeen Corporate Presesentation

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TSX-v: CEV Iron ore company with significant landholding in the Labrador Trough, near Schefferville, Quebec. The company is focused on the development of its wholly owned Block 103 property Management led by former Consolidated

Thompson. Huge land position of 121,000 hectares with

access to existing and planned infrastructure Flat lying iron ore sheet at surface covering 12km

by 2km area based on 26 drill holes with average drill indicated width of 110m and average grade of 30.5% Fe 2011 exploration drilling program completed

6,000 meters. 15,000 meters planned for 2012 NI 43-101 resource expected December 2012 PEA expected March 2013

Capital Structure

Common Shares 57,414,132

Warrants 21,829,348

Options 6,871,999

Fully Diluted 86,115,479

52-wk High/Low $1.25 / $0.25

Market Cap $25 million

Page 28: Aberdeen Corporate Presesentation

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Strategic Platinum Holdings in South Africa

A growing platinum company in the midst of acquiring exploration and development assets on the Bushveld complex in South Africa with a focus on platinum with by-products (palladium, rhodium, vanadium, chromium, nickel)

21.9% of Sable Platinum Holdings (~178MMoz 4PGMs) on the Doornpoort, Klipfontein, Syfterfontein, Bank, and Abrina projects

Recent acquisition of Naboom Platinum Mine, South Africa’s first platinum mine which produced during the 1920’s via shallow underground and open pit mines with little modern exploration to date. Near surface mineralization with exceptionally high grades (7-20 g/t)

Looking for fit between short-term production at Naboom and long-term potential of Sable Platinum. Constantly evaluating additional opportunities in current market

Page 29: Aberdeen Corporate Presesentation

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Gold and Base Metals in Sweden & Norway Resource stage polymetallic project in

Norway Early to advanced stage exploration

projects in Sweden Skellefte Field, Sweden: 100%

interest in > 23,180 hectares with multiple VMS targets

Bergslagen, Sweden: 100% interest in 10,766 hectares adjacent to world-class VMS-skarn type deposits of over 100MT

Grong Area, Norway: 40% interest in 14,067 hectares with multiple VMS deposits

Proposed dual listing on TSX-v and Sweden within 12 months

Page 30: Aberdeen Corporate Presesentation

TSX:AAB

GOLD

METALS

BULK COMMODITIES

AGRI MINERALS

ENERGY

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