Safe Harbor Statement “Safe Harbor� Statement under Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding WMTN/ Terra Mining Corporation business, which are not historical facts, are "forward-looking statements" that involve risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking as a result of either the matters set forth or incorporated in this presentation. Specifically, the pro-forma financial summaries and balance sheet are a possible projections of future results based on the WMTN/ Terra Mining Corporation business plan. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's most recent Form 10-Q and 10-K. Investors and prospective investors should read this presentation in conjunction with the Company's reports on Form 10-K, Forms 10-Q, and other documents as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this presentation.
The Terra Project
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Share Structure
Shareholders
Shares
Ownership
Last Price
Date
Share Ownership Outstanding WMTN shares Warrants
19,181,028
Management 44.5 % BOCO 16.2%
6,609,351 Other 46%
Fully Diluted
25,790,379 100%
Market Cap
28,771,542
$1.50
4/10/12
Symbol: WMTN.OB
The Terra Project
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Project Location
! Kiska’sWhistler (5.75M oz Au eq) is 35 miles east ! Millrock & Kennecott have properties near Terra
The Terra Project
The Terra Project is located 130 miles northwest of Anchorage Terra Mining Property consists of 344 Alaska State Mining (85 square miles)
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Our Company ➠ Exploration and Development Company with exceptional gold project in Alaska ➠ Terra Mining and Terra Gold - wholly owned subsidiaries ➠ Expanding gold resource at Ben Vein - 168,000 oz. gold and 310,000 oz. silver ➠ 2012 resource model produced new numbers with significant increase of gold ➠ Developing large scale gold targets ➠ Management with substantial “skin” in the game ➠ Bulk sample gold production in 2012 The Terra Project
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Project Background ➠ Kennecott discovery in 1997 ➠ Porterfield leases to Anglo Gold in 2005 for the first year drill
program ➠ International Tower Hill drilled in 2006 and 2007 ➠ Terra Mining signs LOI in 2/2010 and Terra Gold JV Agreement in
9/2010 and has spent $2.4 million to date. ➠ Terra Mining owns 80%, Corvus Gold 20%, another $6.5 million
spent on the project The Terra Project
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Alaska Gold Deposits ALASKA GOLD DEPOSITS – TINTINA GOLD BELT-Exceeds 180M Oz Gold Company
Deposit
Au-Oz(Million)
Kiska Metals
Whistler
3.35
Fort Knox
5.729
Pebble
107
Livengood
20.6
Donlin Creek
39
Pogo
5
Nixon Fork
0.3
Golden Zone
0.8
Terra
0.2
Kinross Anglo American/ Northern Dynasty International Tower Hill Barrick/Nova Gold Teck Fire River Alix Resource Corp WestMountain
The Terra Project
Cu lbs (billion)
81
Mo lbs (billion)
5.6
Sale Pending
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Ben Vein
HILLSIDE VIEW OF THE BEN VEIN
! High grade vein system with extensive strike length and depth ! 2 Km zone with stockwork veins ! Defined bonanza Gold veins ! Over 2000 samples collected from property ! All drill holes have intersected economic gold grades
The Terra Project
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Drill Results
The Terra Project
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Valuation VALUATION – TERRA OFFERS SIGNIFICANT UPSIDE Terra’s pre-money valuation of approximately $25 million is conservative using levels far below current gold spot price of $1,500 per ounce. Management has significantly discounted the expected gold resources of 1,000,000 ounces. Inferred Gold Resource
10% Au Spot*
100% Au Spot
Expected Gold Resource
10% Au Spot*
100% Au Spot
168,000
$150
$1,500
1,000,000 Au
$150
$1,500
Value
$25,200,000
$252,000,000
Value
$150,000,000
$1,500,000,000
*Note-10% Gold Spot represents industry standard for inferred ounces of gold in ground; 100% Gold Spot represents recovered gold but value does not include operating and processing costs.
The Terra Project
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Current Resource The resource numbers listed below are based on drill hole spacing related to the CIM Canadian basis of Measured, Indicated, and Inferred resource numbers.
Terra Alaska Gold Property Resource by Cutoff SG 2.66 – 1 meter cutoff – less than 70 meter distance Techbase Inverse Distance – Feb. 25, 2012 Global TOTALS:
Tons (m)
Total Au oz.
4,262,150
545,057
AVERAGES:
Au ppm
Au oz.
Ag ppm
Thick. (m)
10.70
0.26
22.00
2.72
Au ppm
Au oz.
Ag ppm
Thick. (m)
12.79
.31
26.47
2.85
Au ppm
Au oz.
Ag ppm
Thick. (m)
15.76
.37
31.95
2.69
3 gram Cutoff
TOTALS:
Tons (m)
Total Au oz.
1,977,939
439,663
AVERAGES:
5 gram Cutoff
TOTALS: AVERAGES:
The Terra Project
Tons (m)
Total Au oz.
1,081,772
329,920
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Porphyry Target AERIAL VIEW OF THE TERRA PROJECT
! Emerging Porphyry District ! Large Bulk Tonnage Mine Target ! Numerous other gold bearing areas present ! 85 sq. mile project with favorable geology ! Breezy’s Breccia area identified 2006 ! Camp Midway area identified 2011
The Terra Project
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Project Timeline 2012: Exploration & Bulk Sampling Pilot • Increase resource -gold ounces • Property wide exploration • Baseline studies • Bulk sample gold production • Update technical report with drill results & resource estimate • Source additional gold projects in predetermined locations
The Terra Project
2013: Exploration & Pre-Feasibility • Continue expansion of resource • Underground development • Permitting & baseline studies • Initiate exploration and development at other locations.
2014: Feasibility & Development • Continued scale up of mine development and exploration
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Exploration 2012 Plan
! Drill Ben Vein Extension ! Surface work on porphyry target ! Ground surveyed aerial photo ! Airborne geophysics ! Engineering work ! Bulk sample mining and milling
The Terra Project
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Terra JV Agreement Definitive JV Agreement between TMC & ITH(RGC) ! Joint Venture position: 80% TMC & 20% RGC ! TMC operator ! Cash Requirements of Terra Project ➩ $450,000 option payments ➩ $9,050,000 work commitments ! Royalty Payments ➩ Ben Porterfield – 4% NSR (2% Buydown option) Ø $100,000 yearly advance royalty payment ➩ ITH – sliding scale 0.5% - 5% reflective of gold price The Terra Project
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Terra Financing WestMountain Gold is seeking financing for operations of $10 million US. Â Use of Proceeds- Terra Project Exploration Terra Project Exploration Corporate G&A Project Generation
$ 7,500,000 $ 1,500,000 $ 1,000,000
Total
$10,000,000
The Terra Project
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Our Team Greg Schifrin Founder and President Minex Exploration & Selkirk Environmental, President and CEO, President & Director
Director Silver Verde May Mining Company, CEO Golden Eagle Mining, BSc in Geology
James Baughman Co-founder High Plains Uranium, led successful TSX IPO (2005); Director & CEO COO & Director
Big Bear Mining, Bsc Geology
Mark Scott Significant financial, capital market and relations experience in public microcap CFO, Secretary & Treasurer
gold, silver and technology companies.
Mike Lavigne 30 Years experience in financing small caps Director
Principal of Capital Peak Partners and CEO of Silver Verde mining
Kevin Cassidy Managing Member and Founder of Logic International Consulting Director
Former COO of Bank Julius Baer and Managing Director of UBS
The Terra Project
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Contact Info WestMountain Gold, Inc. | Terra Mining Corporation 120 E. Lake Street #401 Sandpoint, ID 83864 Greg Schifrin President & CEO Email: gschifrin@terraminingcorp.com (208) 265-1717 Office (208) 290-1180 Cell www.westmountaingold.com
The Terra Project
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Notes
The Terra Project
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WMTN-OTC The Terra Project
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