AFRICA RESOURCESINVESTMENT CONGRESS

IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY, 12 JUNE 2012

www.ObjectiveCapitalConferences.com1

Copper exploration in Oman and TurkeyDr Peter Ruxton – President & CEO, Gentor Resources

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Gentor Resources

Copper in Oman & Turkey

May 2012

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VMS & Base Metal Exploration & Development

Oman

Turkey

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DisclaimerForward-Looking Statements: This presentation contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to exploration results, potential mineral resources, potential mineralization and the Company's plans with respect to the exploration of its Oman properties) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration results will not be consistent with the Company's expectations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, changes in commodity prices, foreign currency fluctuations, political developments in Oman, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, the uncertainties involved in interpreting geological data and the other risks involved in the resource exploration business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

The United States Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. U.S. investors are cautioned not to assume that any disclosure of mineralization contained in this presentation is economically or legally mineable. U.S. investors are urged to closely consider all of the disclosures in the Company's reports filed pursuant to the United States Securities Exchange Act of 1934 which may be secured from the Company, or from the SEC's website at http://www.sec.gov/edgar.html.

Qualified Person The technical information included in this presentation has been reviewed and approved by Peter A. Ruxton, who is the Company's President and Chief Executive Officer and a "qualified person" as such term is defined in National Instrument 43-101.

Technical ReportAdditional information with respect to the Company's Omani properties is contained in the technical report prepared by Venmyn Rand (Pty) Ltd, dated December 31, 2010 and entitled "National Instrument 43-101 Independent Technical Report on Block 5 and Block 6 Copper Projects, Semail Ophiolite Belt, Sultanate of Oman held by Gentor Resources, Inc." A copy of this report can be obtained from SEDAR at www.sedar.com.

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Gentor Copper – Corporate Summary

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• Global VMS base metal & copper expertise

• Targeting highly profitable, low cost, copper/gold operations

• Accelerated discovery and development opportunity – low geological risk

• Exploration in Oman & Turkey

• Oman - highly profitable, low cost Clusters of numerous 1Mt -15Mt deposits typical – 2 discoveries made so far Open cut resources - low waste: ore ratios - metallurgically simple Low personnel & fuel costs – excellent infrastructure

• Turkey – large VMS deposits mined – “elephant country” Established mining culture – reformed Mining Code – attractive environment Mineral-rich country – under-explored for VMS & base metals

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Gentor Resources Inc. – Corporate Overview

Head Office Toronto, Canada

Listing TSX-V (GNT) + OTCBQ US (GNTOF)

Securities Issued Shares – 62.8 million (Jun. 2012)

Warrants/Options – 8.37 million

Share Price CAD$0.30/sh(May 28th 2012)

Cash ~US$5.0 million

Market Capitalisation CAD$19.0 million

GENTOR RESOURCES SHAREHOLDERSShares %

Galena 6.7 10.6%Blackrock 5.3 8.5%Geologic 4.0 6.4%CQS 1.0 1.6%Al Fairuz Brothers 2.5 4.0%Management 16.0 25.5%

35.5 56.6%

TOTAL 62.8 million shares

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Gentor – Board & Management

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Board • Simon Village (Non-Executive Chairman)

• Arnold Kondrat (Executive Vice-President)

(Canadian/US group behind Banro Corporation & Loncor)

• Rudolph de Bruin (Non-Executive)

• David Twist (Non-Executive)

(South African group behind Platmin, Sephaku, African Nickel, Taung Gold & APM)

• Peter Ruxton (President & CEO – Board & Management)

Exploration Management• Bob Close (Business Development Manager – Oman-based)

• Eugene Iliescu (MD – Oman – Oman-based)

• Omer Celenk (MD – Turkey – Turkey-based)

• Partha V (Director – Finance & Administration – Oman-based)

• Andrew McCarthy (Exploration Manager – Oman-based)

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Tethyan Metallogenic Belt - Oman & Turkey

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Oman Ophiolite – Exploration Blocks

Copper Deposits

Copper Smelter Complex

50 km

Copper Deposits

Copper Smelter Complex

Block 6

50 km

Yanqul

Lasail

Mawarid

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Heli-borne VTEM Survey Results

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1010

Tethyan Fold Belt (Orogeny) – 90-100Myrs – Trans-European

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Mahab 4 Drill Results Summary (to January 2012)

Hole No. From To Mineralisation Intercept Copper Gold Zinc Silver

Mahab 4 m m m % g\t % g/t

GRB5D020 40.15 55.55 MS 15.40 7.40 0.17 0.91 7.90

GRB5D030 32.05 63.00 MS + SMS + QVS 30.95 3.16 0.28 1.29 17.40

GRB5D032 67.15 87.45 Jasper + MS 20.30 5.79 0.37 2.42 22.00

GRB5D035 44.42 98.61 MS + SMS + QVS 54.19 4.97 0.19 0.85 9.60

B5MB4D059 33.50 43.69 MS 10.19 6.69 0.48 3.20 20.00

B5MB4D064 13.50 53.00 GOS/MS/SMS 39.50 4.81 0.25 0.38 16.70

B5MB4D070 12.42 36.46 MS 24.04 6.32 0.49 1.10 24.2

B5MB4D071 63.15 120.00 MS + SMS 56.85 6.21 0.22 0.90 10.4

B5MB4D074 70.35 105.44 MS 35.09 4.82 0.38 17.70 0.85

B5MB4D083 45,15 88.44 MS + SMS + QVS 43.29 3.62 0.24 0.90 11.8

Codes (Umber = Fe sediment, Jasper, MS = Massive Sulphide, SMS = Semi-massive Sulphide, QVS = Quartz Vein Stringer, GOS = Gossan)

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Mahab 4 – Geology & Cross Sections

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25m-50m spaced drill sections

330m long massive sulphide

Thick massive sulphide wedge

Open pittable depth (30-40m)

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Mahab 4 – Long Section

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Gentor - Regional Copper Play

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Maqail South Drill Results Summary (to December 2011)

Hole No. From To Mineralisation Intercept Copper Gold Zinc Silver

Maqail South m m m % g\t % g/t

GRB5D0023 68.02 74.27 MS 6.25 3.30 0.16 0.02 2.69

GRB5D0024 63.71 70.39 MS 6.68 7.42 0.29 0.03 4.95

GRB5D031 43.86 57.46 MS 13.60 3.22 0.08 0.02 0.76

Codes (MS = Massive Sulphide, SMS = Semi-Massive Sulphide, QVS = Quartz Vein Stringer)

Maqail South Prospect

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Maqail South – Geology & Cross Section

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TURKEY – VMS Copper Deposits

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ERZURUM – Hacimeter Project

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Copper Deposits

Copper Smelter Complex

50 km

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HACIMETER – Topography & Mineralisation

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HACIMETER – Geology & Copper-in-Streams

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HACIMETER – Gossans & Besler Drilling

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Proposed TEM Survey Outline

Target Area

Gossan Zone

500m

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HACIMETER – IP Chargeability & Targets

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HACIMETER – IP Resistivity & Targets

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Gentor Resources – VMS Copper Focus

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• VMS & Base Metal exploration expertise

• Oman - ~1,500km2 of prospective ophiolite in 500km prospective belt (‘first mover’ advantage) - along strike from operating VMS copper mines

• Turkey – Besler Option & JV 70:30 – Hacimeter drill-ready targets – large VMS deposits – “elephant country”

• Potential for accelerated discovery using modern techniques (eg VTEM)

• Excellent infrastructure (access, power, communication, water)

• Low cost – highly profitable mining environments

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APPENDICES

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Gentor Copper - Omani Agreements

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Blocks 5 & 6 • Block 5 – Equity holding 40% in Al Fairuz Mining LLC - right to earn-in to 65%

by funding to completion of BFSOmani Partner - Al Fairuz brothers – Heavy Earthmoving Equipment/ Construction/Cannery/Boats - 4% shareholder in Gentor Resources

• Block 6 – Equity holding 20% in Al Zuhra Mining LLC – right to earn-in to 70% by funding to completion of BFS

Omani Partner – Sheikh Ahmed Fahrid – owner of some 21 Companies in Oman including Construction/Telecoms/Tourism/Hotels etc

• Capital Return Agreements – Gentor to re-coup 100% of exploration, feasibility & development costs on commencement of mining (on a formula) before dividends split on equity share

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Gentor Copper - Turkish Agreement

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Hacimeter Option & 70:30 Joint Venture• Besler Group – Mining Chromite & Dimension Stone in Hacimeter region

• “Option Period” – 12 months – US$200,000 (on-signature) – Gentor to explore drill-ready targets at Hacimeter + follow-up broader geology & stream anomaly

• “Feasibility Period” – 36 months – US$400,000 (on-transfer) – 70:30 JV - Gentor to complete a BFS - + 2x US$300,000 payments (on-24 & 36 months)

• “Development Period” – Gentor to fund but can recoup all exploration/ feasibility & development dollars (less US$3.2m)

• Besler & Turkish partner defined IP chargeability targets• Drilling identified a zone of ~1Mt at ~1.0% copper in VMS stringer• Zone of Influence around Hacimeter – covers ophiolite terrain

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OMCO – Lasail Complex

Lasail Cluster Mine• 1973 – Lasail, Aarja & Bayda deposits discovered by

Prospection• Projects purchased by Oman government – assets held

under OMCO• Concentrator, smelter & refinery complex built• Reserve of approx. 10Mt @ 1.5% Cu defined• 1983-1994 – Mining of the Lasail Cluster• 1994 - mine closed on lower copper prices• Concentrate imported to continue Lasail smelter

operation

• 2005 – Mawarid purchased the concentrator @ Lasail (OMCO continue to operate the smelter & refinery)

• Mawarid under contract to supply at least 30% of concentrate to OMCO

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Yanqul Project• 1974 – Discovered by Prospection (Canadian)• 1988 - Japanese exploration & feasibility• 1994 - Oxide gold mining commenced• 1984-2012 - Six feasibility studies done

• Mineral Resources• 15Mt @ 1.2%-1.4% Cu & 1.0g/t Au• 5 near-surface deposits

Rakah, Hayl As Safil, Al Asghar

Al Bishara & Al Jadeed• Rakah East 2.0Mt @ 0.7% Cu additional

• Ore Reserves• 8.1Mt @ 1.2% Cu & 0.7g/t Au• Open pittable reserves only

Yanqul – OMCO (Oman Government)

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Mawarid – MB Petroleum

Mawarid Mine• 1999/2000 – Hatta & Shinas deposit clusters discovered

by Bob Close• 2007 – Mining @ Hatta & Shinas commenced on reserve

of 3.5Mt @ 2.5% Cu• 2008 – Mawarid made US$120m free cash flow in Year 1

– paid off US$60m capex in 6 months• 2009 – Exploration recommenced using VTEM• 2010 - Discovered Safwa & Mandoos• 2011 – Mining commenced on Safwa & Mandoos

• Mawarid has approximately 2 years of open pit reserves and then proposes to go underground at Ghuyzan

• Ghuyzan has 3 deposits ~10Mt @ 1.5-2.0% Cu

• Mawarid has taken 9.8% of Nautilus & is exploring in Kazakhstan for gold