AbuDutu Líte

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Trusted, Reliable
Digital Mapping Solutions
AbuDutu
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Our flagship digital product – distinct from competing
programs because it was developed with the focus on the
end user. The result? AbaDataTM has evolved into one of
the industry’s most popular and user-friendly oil and gas
mapping software tools. The ever-expanding subscriber
base includes large and small oil and gas producers,
reclamation and environmental contractors, engineering
firms, pipeline integrity consultants, ground disturbance
professionals and many others with one common need:
Reliable, consistently updated information that can be
quickly and easily obtained.
Datasets include:
s ERCB pipelines and wells
s More than 300,000 well site survey plans
s Paved and unimproved roads
s ERCB spills and complaints
s Survey plans including pipeline right-of-ways
s Aerial and satellite photography
s AGRASID soil data
s Crown mineral rights holders
s AltaLIS contour lines and Crown Land dispositions
s Alberta Environment water wells
Timely. Accurate. Complete.
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Customízutíons
Our subscribers ask and we deliver – developing
customized solutions that combine the client’s proprietary
data with a powerful GIS platform. Weed inspection sites,
Emergency Planning Zones, lease inspections, tank and
pressure safety valve locations, pipeline warning signs –
the possibilities are truly endless.
We can also leverage our drafting and system mapping
expertise to provide digital system maps for oil and gas
producers – along with the reliable hard-copy maps we’ve
been supplying for more than 15 years.
AbuDutu Ll1L
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Designed for use in the field, AbaData LITETM comes
on CD or DVD ROM and does not require an Internet
connection. The easy-to-navigate map allows you to
view Alberta wells, high and low-pressure pipelines and
registered right-of-ways – then use the GPS Tracking
function to view your current location and track and
save routes.
Dírectíon Mup
Direction Map provides instant directions to oilfield lease
sites in Alberta and Saskatchewan. Select a destination
by LSD number, municipality name or latitude and
longitude, then measure the distance on the map, print
and distribute or e-mail to drivers. ERCB well locations
are updated regularly and aerial and satellite photography
are available.
AbuDutu ClS
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This unique, transportable digital mapping product
includes pipelines, wells, registered right-of-ways, the
Alberta township grid and roads loaded on a hand-held
GPS. AbaData GPSTM gives you the ability to accurately
locate facilities in the field – like buried wellheads and
pipeline right-of-ways – with a high-sensitivity Garmin
receiver.
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NOTRE ÉQUIPE DÉVOUÉE
IN INNO NO NOVA VATR TRIC IC CCCE E E E
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EX EX EX EX EX EEX EX EEEEX EX EX E HA HA HA HHA HA HA HAUS US US US US US US U TI TI TI TI TI TI IIVE VE VE E VVE VE VE
TSX-V : CBE
L’établissement d’un programme de
forage à coûts modiques
Un programme d’exploration a pour but de produire, aussi
économiquement que possible, des échantillons de carottes
bien documentés et de qualités supérieures. En général,
la qualité améliorée et le haut rendement efficace de nos
foreuses, en plus des raffinements technologiques additionnels
que nous offrons, assureront le recouvrement d’un volume
plus élevé d’échantillons de carottes par heure de forage.
Nos décennies d’expertise à tailler des programmes de forage
sur mesure permettent à Cabo Drilling d’offrir des solutions
efficaces et rentables pour la plupart des difficultés de forage
encourues dans les secteurs d’explorations et miniers.
Cabo Drilling Corporation et
l’environnement
Cabo Drilling adhère au principe de développement durable.
En temps que membre actif de l’Association canadienne de
forage au diamant (CDDA), nous adhérons à sa politique
environnementale :
Cabo Drilling soutient un développement et une utilisation
responsables de nos ressources naturelles
En temps que premier constructeur d’un site, Cabo Drilling
reconnaît pleinement l’impact possible que nos opérations
pourraient avoir sur la perception de notre industrie
Nos opérateurs consciencieux et bienveillants démontrent
que l’industrie minière peut être sensible aux besoins
environnementaux
Depuis l’implémentation de sonplan
d’affaire au printemps de 2004, Cabo Drilling a rassemblé une
équipe de gestion ayant au-delà de 300 ans d’expérience et
d’expertise de forage, dans virtuellement tous les aspects de
forage de minerais et spécialisés. Cabo offre à sa clientèle ses
services de forage depuis ses bureaux de Springdale, Terre-
Neuve (Canada- Atlantique); Montréal, Québec (Québec, Canada-
Atlantique); Kirkland Lake, Ontario (Canada-central, Canada-nord,
et le nord du Québec); Surrey, Colombie-Britannique (Canada-
ouest & les États-Unis); Hermosillo, État de Senora, Mexique;
Panama City, Panama (Amérique-centrale); Séville, Espagne
(Europe de l’ouest); et Tirana, Albanie (les États balkaniques).
Cabo Drilling appartient 110 stations de forage et une équipe
présentement au-delà de 300+ employés, permettant ainsi d’offrir
globalement sa vaste expertise dans les forages de minerais
et de spécialisations. La croissance de Cabo Drilling dans les
secteurs de forage de minerais et de spécialisations se traduit
en des améliorations de services, de capacités techniques, et de
globalisation pour ses clients.
Notre clientèle comprend des compagnies importantes, ainsi
que de petites (juniors)et moyennes entreprises dans le domaine
minier et d’exploration. Présentement, nos programmes de forage
incluent le forage d’exploration de premier stage, ensuite de
définition des ressources, ainsi que de programmes miniers de
stage supérieur.
La liste de clients de Cabo Drilling
Corporation inclut:
Méthodes de forage
Forage au diamant à ciel ouvert (moteur de cycle allongé ou
conventionnel)
Forage appuyé de services d’hélicoptères
Forage portatif pour la main-d’œuvre
Forage au diamant souterrain pour fins d’explorations ou de
développements miniers
Forage rotatif à circulation inverse
Forage à faible diamètre (« slimhole ») pour l’exploration
des gaz ou d’huile
Forage géotechnique
Forage géo-environnemental pour les services d’ingénierie
et les déterminations environnementales
Enquêtes d’accès restreints
Services additionnels
Contrats sur mesure d’approvisionnement de la main-
d’œuvre pour opérer et maintenir l’équipement de forage
Acquisitions, emballages et transportations aux sites isolés
des effectifs et approvisionnements de forage
Contrats d’expert-conseils et de main-d’œuvre
Services de formation en technologie de forage
Équipements spécialisés
NOTRE SOLIDITÉ
NOTRE HÉRITAGE
L’exécution performante dans les en-
droits isolés, souvent en conditions ex-
trêmes, nécessite la fiabilité d’expérience
que fournit Cabo Drilling Corp. à chacun
de ses projets de forage.


“ Notre existence est dû à nos clients – nos employés sont directement responsables de notre succès.

Cabo Drilling Corp. possède la main-
d’œuvre et l’expertise requise afin
d’assurer le succès de votre projet.


CVRD Inco Limited
Teck Cominco Limited
Iberian Minerals Corp.
Altius Minerals Corporation
Kirkland Lake Gold Inc.
New Millennium
Capital Corp.
Paragon Minerals Corp.
Rambler Metals & Mining
Canada Ltd.
Billiken Management
Services Inc.
Burin Minerals Ltd.
Minera Petaquilla, S.A.
Balkan Resources Inc.
SNC – Lavalin
Labrador Iron Mines Limited
Rio Grande Silver Inc.
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Consolidated Statements of Operations and Comprehensive (Loss) Income
Years ended June 30 2009 2008
Revenues $ 41,161,632 $ 58,644,551
Direct costs 30,161,517 44,901,828
Gross profit 11,000,115 13,742,723
Expenses
General and administrative 6,773,132 7,284,564
Stock based compensation (Note 13) 120,118 19,639
Amortization 2,997,145 2,400,067
Interest expense 455,959 385,851
Loss (gain) on foreign exchange 58,161 (105,138)
Other expense 162,852 34,590
10,567,367 10,019,573
Income before other items and income taxes 432,748 3,723,150
Other Items
(Loss) gain on disposition of assets (24,843) 228,258
Income before income taxes 407,905 3,951,408
Income tax expense (recovery) (NOTE 12)
Current 1,489,814 993,703
Future (235,000) (245,548)
1,254,814 748,155
Net (loss) income for the year (846,909) 3,203,253
Other comprehensive loss
Unrealized losses on available-for-sale
financial assets arising during the year
(280,532) (224,997)
Comprehensive (loss) income for the year $ (1,127,441) $ 2,978,256
(Loss) earnings per share
Basic $ (0.02) $ 0.07
Diluted $ (0.02) $ 0.07
Weighted average number of common shares
outstanding
Basic $ 47,767,013 $ 46,411,400
Diluted $ 47,767,013 $ 46,428,203
The accompanying notes are an integral part of these financial statements. consolidated financial statem
ents…
2009 annual report
Years ended June 30 2009 2008
Cash flows from (used in) operating activities
Net (loss) income for the year $ (846,909) $ 3,203,253
Items not involving cash:
Amortization 2,997,145 2,400,067
Loss (gain) on disposition of assets 24,843 (228,258)
Stock based compensation 120,118 19,639
Future income tax (235,000) (245,548)
2,060,197 5,149,153
Changes in non-cash working capital items (Note 16) 1,571,999 (5,715,621)
$ 3,632,196 $ (566,468)
Cash flows from (used in) investing activities
Property, plant and equipment purchases (4,844,167) (5,514,309)
Proceeds fromsale of assets 702,338 629,784
(4,141,829) (4,884,525)
Cash flows from (used in) financing activities
Shares issued for cash - 3,787,380
Net increase in demand loans 180,514 2,710,630
Repayment of long-termdebt (1,338,237) (684,093)
Additional long-termdebt 1,337,101 -
179,378 5,813,917
(Decrease) increase in cash and cash equivalents during
the year
(330,255) 362,924
Cash and cash equivalents, beginning of year 785,261 422,337
Cash and cash equivalents, end of year $ 455,006 $ 785,261
Supplementary cash flow information (Note 16)
Consolidated Statements of Cash Flows
The accompanying notes are an integral part of these financial statements.
consolidated financial statem
ents…
2009 annual report
Surface Deep Hole
250 Employees
39
2
10
34
5
6
15
Drilling Services / 111 Drill Rigs
Man Portable
Conventional
Surface
Man Portable
Deep Hole
Surface
Underground
Reverse
Circulation
Geotechnical
Helicopter
Support
During the past
two years, the
Company has
greatly improved
its drilling fleet
in order to provide
higher quality and
better customer
service, at
competitive prices
Underground Geotechnical
Reverse Circulation Fly
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ent discussion and analysis…
2009 annual report
drilling services…
Direct Costs
Direct costs for the year ended June 30, 2009 were
$30.16 million compared to $44.90 million in the
fiscal year ending June 30, 2008. The decrease is
a direct result of the decreased activity in fiscal
2009. Gross margins for the year ended June 30,
2009 were 26.7% compared to 23.4% during the
fiscal year ending June 30, 2008. The increased
gross margin is a direct result of cost reduction
measures implemented during fiscal 2009.
Management expects gross margins to increase
to between 28-30% range during fiscal 2010 due
to improved cost controls, and upgrades and
modernization of the drill fleet.
General and Administration
General and administrative expenses decreased
by approximately 7.0% or $511,432 from $7.28
million in fiscal 2008 to $6.77 million in fiscal
2009. Included in general and administration
costs are several non-recurring charges such as
$114,000 performance bonus paid on the fiscal
results of 2008, and approximately $60,000 in
costs establishing the Albania division. Insurance
costs increased during fiscal 2009 by $178,497 due
to increased capital asset base, foreign workers
compensation, and higher premiums during the
first six months of the 2009 year. As part of the
restructuring, there were reductions in travel,
marketing, and a small reduction in salaries and
wages during fiscal 2009. Travel costs decreased
by 40% during the year to $277,056 as compared
to $461,049; marketing and promotion decreased
by 24% from $268,455 to $204,620 in fiscal 2009.
Salaries and wages decreased by less than 2%
during the year, but management believes this cost
will decrease further for the full year as a result of
the 10% salary reduction put in place on March
1, 2009.
We anticipate general and administration costs
to be reduced to between $5.2 million and $5.6
million for fiscal 2010, as a result of the various
cost reduction strategies put in place in fiscal
2009. Management continues to look for cost
savings through various plans on centralizing
administration in fiscal 2010.
Amortization
Amortization of property, plant and equipment
for the year ending June 30, 2009 increased by
$597,078 to $3.0 million during fiscal 2009 as
compared to $2.40 million in fiscal 2008. The
increase is due to the acquisition of $4.70 million
of capital assets during fiscal 2009 and the
recording of a full year of depreciation from the
$5.47 million of acquisitions in fiscal 2008.
Interest Expense
The Company incurred a $455,959 interest expense
during the year ending June 30, 2009, compared
to $385,851 incurred during the year end June 30,
2008. The increase is a result of additional leases
for drills acquired during the first quarter of fiscal
2009 and increased utilization of our operating
line.
Income Taxes
The provision for income tax for the year ending
June 30, 2009 is $1.25 million compared to
$748,155 for the year ending June 30, 2008.
The current income tax expense is primarily
incurred in the international divisions. During
the year the Company incurred $3.2 million of
income tax losses in Canada which are available
to reduce taxable income in the future. At
June 30, the Company had $6.32 million in tax
losses to apply against current income taxes.
Net Income
Net loss for fiscal 2009 was $846,909 compared
to net earnings of $3.20 million in fiscal 2008.
Earnings decreased during fiscal 2009 due to
lower revenues, increased amortization and
increased income taxes.
Consolidated Financial Position
Consolidated total assets decreased by $5.51
million to $33.19 million at June 30, 2009 from
$38.70 million at June 30, 2008. The change
consists of a $5.71 million decrease of accounts
receivable which is offset somewhat by the $1.05
million increase in our capital asset base.
Consolidated total liabilities decreased by $4.20
million to $14.10 million at June 30, 2009, from
$18.60 million at June 30, 2008, primarily as a
result of the decrease in trade payables. Accounts
payable decreased by 50%to $3.86 million at June
30, 2009, as compared to $7.67 million at June 30,
2008.
The Company’s cash (cash and cash equivalents)
position at June 30, 2009, is $455,006 compared
to $785,261 at June 30, 2008.
Short term investments and marketable securities
decreased $75,580, from $116,308 at June 30,
2008, to $40,728 at June 30, 2009. The decrease
can be attributed to changes in market share prices
at June 30, 2009. We have adjusted the value of
our holdings at June 30, 2009, as recorded in the
comprehensive income statement. At June 30,
2009, the balance of $40,728 consists of shares in
Canadian public corporations.
Revenues (‘000s) 2009 2008
Surface $ 28,003 68% $ 44,086 75%
Underground 12,409 30 13,292 23
Geotechnical 749 2 1,265 2
m
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ent discussion and analysiT…
2009 annual report
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Positioned for
Today and Tomorrow
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METHANEX
INVESTOR CONFERENCE
HYATT REGENCY HOTEL, PORT OF SPAIN, TRINIDAD AND TOBAGO
> Tuesday, September 9, 2008
PRE-CONFERENCE TOBAGO
RELAXATION/ACTIVITY DAY(S) OPTIONAL
You are invited to an optional visit to Tobago in advance of the
investor day. Tobago, renowned for its world-class beaches and eco-
tourism, is only a 25-minute flight from Port of Spain, Trinidad. A
block of rooms has been reserved for the nights of September 6-7,
2008 at The Coco Reef Resort & Spa Tobago at a reduced rate so
you (and a guest if you wish) can come and enjoy Tobago for a day or
two before the conference. Methanex will make flight arrangements
(Trinidad to Tobago return) as well as ground transportation. We
have also arranged a day of activities on Monday, September 8th.
Methanex will take care of all transportation to and from Tobago
and the activities. Please contact Iris Ling at iling@methanex.comfor
more information.
Coco Reef Resort & Spa, named “the best resort in the Caribbean”,
is situated on the beautiful southwestern coast of Tobago in
the town of Crown Point. It is a short drive from Crown Point
International Airport (five minutes) and five miles from the
capital city, Scarborough. For more information, please go to
www.cocoreef.com.
MONDAY, SEPTEMBER 8, 2008 OPTIONAL
9AM - 2PM A ROUND OF GOLF AT THE TOBAGO
PLANTATIONS GOLF COURSE
This course combines lakes, trees and beaches to
provide golf in a setting of tranquil natural beauty.
Club rental available.
or
BUCCOO REEF AND NYLON POOL
EXCURSION
The reef rated as the third most spectacular reef in the
world has a fascinating, colourful underwater life. You
can view the reef from a glass-bottom boat and enjoy
the shallow white sand Nylon Pool adjacent to the
reef. The water of the pool is said to have the ability to
rejuvenate anyone’s luck.
2PM LUNCH AT THE COCO REEF RESORT
& SPA, TOBAGO
5PM - 7PM TRANSPORT FROMCOCO REEF RESORT,
TOBAGOTO HYATT REGENCY HOTEL,
TRINIDAD
> Transport from Coco Reef to Tobago-Crown Point
International Airport.
> Charter flight to Trinidad-Piarco International
Airport
> Transport fromTrinidad-Piarco International
Airport to Hyatt Regency Hotel.
Note: A breakout room has been reserved to secure luggage.
INVESTOR CONFERENCE (INVESTORS / ANALYSTS ONLY)
TUESDAY, SEPTEMBER 9, 2008
> PLANT TOURS (8:30am to 12 noon)
8:15AM - 9:30AM MANAGEMENT PRESENTATION
> Charles Percy, Managing Director,
Methanex Trinidad.
> Trinidad Gas Outlook, National Gas Company
of Trinidad and Tobago.
> Responsible Care & Safety Orientation.
9:30AM - 11AM PLANT TOURS: TITAN AND ATLAS PLANTS
11AM RETURN TO HYATT (BOX LUNCH)
> INVESTOR CONFERENCE (2pm-5pm)
1:30PM - 2PM REGISTRATION
2PM - 5PM METHANEX INVESTOR CONFERENCE
SCHEDULE - TENTATIVE (WEBCAST)
> Introduction, Bruce Aitken, President & CEO.
> Marketing & Logistics, John Floren, SVP,
Global Marketing & Logistics.
> Chile Outlook, Paul Schiodtz, SVP,
Latin America.
> Egypt & Corporate Development, Michael
Macdonald, SVP, Corporate Development.
> New Zealand Outlook, Harvey Weake, SVP,
Asia Pacific.
> Finance, Ian Cameron, SVP, Finance & CFO.
> Closing Remarks, Bruce Aitken, President
& CEO.
> Q&A Session, Methanex Executive
Leadership Team.
6:30PM - 10:30PM RECEPTION, DINNER & ENTERTAINMENT
In Attendance - representatives from:
Methanex Executive Leadership Team, Methanex
Board of Directors, Methanex Trinidad personnel.
CONFERENCE AGENDA
HYATT REGENCY HOTEL, PORT OF SPAIN, TRINIDAD AND TOBAGO | SEPTEMBER 9, 2008
METHANEX
INVESTOR CONFERENCE
HYATT REGENCY HOTEL, PORT OF SPAIN, TRINIDAD AND TOBAGO
> Tuesday, September 9, 2008
Trinidad and
Tobago
PORT OF SPAIN TRINIDAD
AND TOBAGO
Atlas & Titan
Plant site
Trinidad-Piarco
International Airport
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Welcome to the Methanex
2008 Investor Conference
September 8 – 9, 2008
TOBA
TO
Coco Reef
Resort & Spa
Tobago-Crown Point
International Airport
TRINIDA
BREAKFAST will be provided daily complimentary
of Methanex at both the Hyatt Regency Trinidad &
Coco Reef Tobago. (Details will be provided upon arrival.)
CLIMATE. Tropical all year round. Temperatures
in September: Average High: 88F (31°C), Average
Low: 74F (23°C). September falls in the rainy
season – mornings are usually sunny, while
afternoons can often be wet.
CURRENCY.
Trinidad and Tobago Dollar (US$1=TT$6.3)
DRESS CODE is business casual for the plant
visit, conference and dinner. A waterproof jacket
is recommended for the plant tour, but no special
footwear is required.
ELECTRICITY.
115-220 voltsAC60 Hz. Continental two pin plugs
are standard although variations may occur.
EMERGENCY NUMBERS.
Police 999, Ambulance 990, Fire 990
GRATUITIES. Methanex has provided gratuities
for all activities during the conference, as well as
for luggage and housekeeping. If you wish, you
may tip for any special service from the hotel
staff that you receive during your stay. In general,
10%is the standard tip unless a service charge is
included in your bill.
GROUND TRANSPORTATION including airport
transfers, will be arranged by Methanex. A
Methanex representative will be at the airport to
greet you and assist you with any questions. Please
contact Marina Lindsay or Iris Ling (contact
information on back page) to make or change
transportation arrangements during your stay.
HEALTH. Vaccinations are not required for entry
into Trinidad and Tobago unless you have recently
passed through an infected area.
INTERNET ACCESS.
Hyatt Regency Trinidad: High speed wired and Wi-
Fi in guest rooms. Coco Reef Tobago: High speed
internet in guest lounge.
LANGUAGE. The official language of Trinidad
and Tobago is English.
SAFETYAND SECURITY. Trinidad andTobago are
generally safe places to visit, but as you would in
some other foreign countries, please take certain
safety precautions during your stay:
s Only use authorized taxis (identified by
having an “H” as the first letter in their license
plate number)
s Protect your belongings by storing valuables in
safes at your hotel
s Keep doors locked and windows
closed in your hotel room or while taking
ground transportation
s Do not travel alone to isolated streets or other
areas, particularly in the evening
s Do not flaunt valuables in such a way as to
make you an easy target – take precautions
like not wearing flashy jewellery
s Do not use public ATMs or cash services
without adequate security or escort
s Do not wear army or police-style
camouflage clothing
Contact a Methanex representative or hotel staff
if you have further questions.
TIME ZONE. Same as US Eastern Time
TRAVEL DOCUMENTS. Please bring a current
passport (valid for 6 months) as proof of
citizenship for entry into Trinidad and Tobago. No
Visa is required for U.S. or Canadian citizens for
business stays of up to three months.
WATER. Tap water is safe to drink and bottled
water is also widely available.
General Information
Hotel
Information
HYATT REGENCY, TRINIDAD
1 Wrightson Road, Port of Spain, Trinidad
T: (868) 623 2222 F: (868) 821 6401
www.trinidad.hyatt.com
COCO REEF RESORT & SPA, TOBAGO
Coconut Bay, Tobago
T: (868) 639 8571 F: (868) 639 8574
www.cocoreef.com
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ÌNVESTOR PRESENTATÌON

8
U.S. Wind Capacity Growth (MW)
(Source: American Wind Energy Association)
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Important advances in turbine technology and recent legislative changes have made power generated
from wind the only form of alternative energy now truly cost-competitive with fossil fuels. NACEL
Energy (Ticker: “NCEN”) is a publicly-traded company offering shareholders the unique opportunity
to participate in America’s fastest growing energy business - through an impressive portfolio of utility
class wind power generation projects in Texas and three other States.
infoQnace|energy.com - ¡-888-zqz-y8q8 - www.nace|energy.com
CLEAN, PROFITABLE, RENEWABLE, WIND.
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A Growing Gold Producer in Africa
Red Back Mining Inc.
The Chirano Gold Mine -
series of 11 open pit
gold deposits over 10
km strike in Ghana
Production commenced
in October, 2005
2007 estimated
production 137,000 oz
Akwaaba high grade
underground resource
Underground
development to
commence Q4 2007
Second significant
underground discovery -
Akoti Extended
Exploration continues to
focus on underground
resources
Tasiast Gold Mine -
commissioning underway
Production of
~ 10S,000 oz
in 200S
SITE TOUR
APRIL
2009
APRIL 19, 2009
Arrive In London, UK
Meet group at Radisson SAS Hotel,
London Stansted Airport
TaPaell’ya Restaurant (in hotel)
APRIL 20, 2009
Charter from London to Marrakech, Morocco
Golf, Recreation afternoon
Dinner – Es Saadi Hotel
Es Saadi Gardens & Resort Hotel
APRIL 21, 2009
Charter to Nouakchott, Mauritania
Charter to TASIAST Gold Mine
Charter to Accra, Ghana
Dinner – On plane
The Holiday Inn (Accra)
APRIL 22, 2009
Fly to Kumasi, Ghana
Bus to CHIRANO Gold Mine
Return to Kumasi, Ghana
Dinner – Moti Mahal Restaurant
The Golden Tulip Hotel (Kumasi)
APRIL 23, 2009
Fly Kumasi to Accra
Charter to London, UK
Arrive London approx 7pm
Transport arranged to central London and
Heathrow airport.
GENERAL
SCHEDULE
RED BACK
TOUR ROUTE
MAP
TASIAST, MAURITANIA
MARRAKECH, MOROCCO
LONDON, UK
CHIRANO, GHANA
22222222222222222222222222222222222220000000000000000000000000000000009999999999999999 000000000000000000000000000000000000000000000000000000000000000000000000000000000099999999999999999999999999999999999999999999999999999999999
SIT SIT SITE SIT SITE SITE ITE SITE ITE SITE TE TEE TE SITE TE TE SITE SIT SIT TE SITE E SI SI IITE IIT SITE ITEEE S
TTOUR TOUR OUR OUR OU OU OUR OUR OUR TOUR R TOU OU TTTT R T R T UR UUR TO TOUR U TTOU UR R
2222222222222222222222222222222000000000000000000000000000000000000000000000099999999999999999999999999999
SITE SITE SITE SIT SIT SITE SITE SITE TE SITE I SITE SITE SITE SS
TOU TOUR TOUR TOUR TOUR TOUR R TTOUR OU UR TOUR TO TOUR TO OU OU UU TOU UUUUR TOUR UUU T
RED BACK
MINING
OVERVIEW
Evolving mid-tier gold producer
- production growing to > 500,000 oz pa
Expanding Reserves
- both projects with reserves > 2 million oz
Earnings and cashflow growth
- 2009 cashflow from operations
> $165 million1
Strong Balance Sheet2
- No debt
- No hedging
- All capital programs funded from
cashflow
- Cash > $125 million
Continued Exploration Success
- New discovery at Tasiast:
the “Felsite Zone“
- Chirano: continued underground
success
- H109 budget $7 million
Committed, experienced management
2008 PERFORMANCE
S&P TSX Comp Ind 35%
DJIA 33%
Spot Gold 6%
TSX Global Gold Index 6%
RBI: TSX 21%
¹ Assumes $800 gold
² As at March 31, 2009
All figures in USD unless noted
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Developing precious commodities above and below the ground.
Goldcorp is proud to support Big Brother’s Whistler Golf Classic. Goldcorp endeavors to positively impact the
lives and livelihoods of the people we rely on for our future success. We recognize the importance of giving
back to our local communities and salute the Big Brothers organization for their tireless efforts to help children
and mentor our future generations.
TSX:G NYSE:GG
Investor Inquiries 800.567.6223 www.goldcorp.com The world’s premier gold mining company
INVESTOR INQUIRES: 1 800-567-6223 | info@goldcorp.com
www.goldcorp.com
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Visit www.tnwinc.com to learn how to be proactive
about ethics in the workplace.
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Dénoncez les pratiques malhonnêtes au bureau pour
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Honduras: 800-0123 (Collect call – ask for
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Email: reportline@tnwinc.com
Web Address: www.tnwinc.com/webreport.
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The Network, Attn: Goldcorp Inc.
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2100 – 1177 West Hastings St. Vancouver, BC, Canada V6E 2K3 | T. 604 608 1766 | F. 604 608 1744
E. info@greatpanther.com | www.greatpanther.com | TSX:GPR
ROBERT A. ARCHER, P.GEO
President & CEO
2100 –1177 Hastings Street W,
Vancouver, BC, Canada V6E 2K3
D. 604 638 8960
C. 604 817 5452
T. 604 608 1766
F. 604 608 1744
TF. 1 888 355 1766
E. info@greatpanther.com
ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2007
RED BACK
MINING INC.
8 + RED BACK MINING | ANNUAL REPORT 2007
RED BACK MINING INC.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF
OPERATIONS AND FINANCIAL CONDITION FOR THE PERIODS
ENDED DECEMBER 31, 2007 & 2006 & JUNE 30 2006
Tasiast Plant
RED BACK MINING | ANNUAL REPORT 2007 + 9
MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION
The following discussion and analysis of the results
of operations and financial condition (“MD&A”)
for Red Back Mining Inc. (“Red Back” or the
“Company”) should be read in conjunction with the
consolidated financial statements for the periods
ended December 31, 2007 and 2006 and June
30, 2006 and related notes thereto. The financial
information in this MD&A is partly derived from
the Company’s consolidated financial statements
prepared in accordance with Canadian generally
accepted accounting principles. The effective date
of this MD&A is March 26, 2008.
The technical contents of this MD&A have been reviewed
by Hugh Stuart, BSc., MSc, a Qualified Person pursuant
to NI-43101. Mr. Stuart is the Vice President Exploration of
the Company and a Member of the Australasian Institute of
Mining and Metallurgy.
Additional information about the Company and its business
activities is available on SEDAR at www.sedar.com.
Red Back is a mineral resource corporation engaged in
operating, exploring, acquiring and developing mineral
properties. The Company currently owns two gold mines in
West Africa. In Ghana, it holds a 100% interest in the producing
Chirano Gold Mine (“Chirano”). Upon the Government of Ghana
exercising its right to back-in to a 10% ownership of Chirano
Gold Mines Limited (“CGML”), at no cost, the Company will
hold a 90% interest in Chirano with the Government of Ghana
holding 10%. In Mauritania, the Company holds a 100%
interest in the now producing Tasiast Gold Mine (“Tasiast”).
Tasiast was acquired on August 2, 2007. Red Back also holds
various other exploration properties in Ghana, Mauritania and
Côte D’Ivoire.
[ HIGHLIGHTS ]
The Company’s highlights of the year were:
º T|e oc(uisitiu| uí Tosiost u| /uçust Z, ZJJ/ íu| SZ/c ailliu|.
The purchase was financed by an equity financing for total
net proceeds of $336 million.
º T|e |euo]ae|t uí t|e |olo|ce uí C|i|o|u's u|uject Je|t
($17 million) and the buy-out of Chirano’s remaining
forward gold sale contracts ($95 million). These
transactions were primarily funded by a short-form
prospectus financing that closed on October 31, 2007 for
total net proceeds of $108 million.
º Tutol çulJ u|uJuctiu| uí u.e| 1+J,JJJ u/ ,C|i|o|u,
127,196 oz; Tasiast, 20,812 oz during commissioning).
º Cos| uue|oti|ç custs uí SJ/Z ue| u/ ot C|i|o|u.
º T|e Jecisiu| tu u|uceeJ wit| eruo|siu|s uí t|e u|ucessi|ç
plants at both Chirano and Tasiast and with underground
development of the Akwaaba Deeps ore body at Chirano.
As a result of the above transactions, Red Back has moved
into 2008 debt free, un-hedged, generating revenues from two
operating mines and with a strong working capital position to
support the underground development of Akwaaba Deeps at
Chirano and expansions of both the Chirano and Tasiast plants.
It is estimated that the Company will produce 245,000 oz
of gold in 2008 (135,000 oz at Chirano and 110,000 oz at
Tasiast), increasing to approximately 350,000 oz in 2009
upon completion of the plant expansion projects and to over
400,000 oz by 2010.
[ CHIRANO ]
Chirano is located 21 km to the south of the Bibiani mine
(historical production of approximate 5 million oz of gold) in
the western region of Ghana. The Chirano Mining Lease was
granted on April 13, 2004. Chirano commenced production in
October 2005 and became the first new gold mine in Ghana in
many years. The Company is now one of six significant gold
producers in Ghana.
The original mine plan called for the development of eleven open
pit gold deposits spread along a strike length of approximately
nine kilometers. In late 2007, Red Back confirmed its decision
to proceed with the underground development of Akwaaba
Deeps, starting in 2008.
Proven and probable open pit reserves as at April 30, 2007
were estimated at 24.7 million tonnes (“Mt”) @1.6 grams per
tonne (“g/t”), for a total of 1.23 million oz (“Moz”), based on
a gold price of US$550 per ounce. Production between May 1
and December 31, 2007 consisted of 1.3 Mt of ore for a total
8 + RED BACK MINING | ANNUAL REPORT 2007
RED BACK MINING INC.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF
OPERATIONS AND FINANCIAL CONDITION FOR THE PERIODS
ENDED DECEMBER 31, 2007 & 2006 & JUNE 30 2006
Tasiast Plant
RED BACK MINING | ANNUAL REPORT 2007 + 9
MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION
The following discussion and analysis of the results
of operations and financial condition (“MD&A”)
for Red Back Mining Inc. (“Red Back” or the
“Company”) should be read in conjunction with the
consolidated financial statements for the periods
ended December 31, 2007 and 2006 and June
30, 2006 and related notes thereto. The financial
information in this MD&A is partly derived from
the Company’s consolidated financial statements
prepared in accordance with Canadian generally
accepted accounting principles. The effective date
of this MD&A is March 26, 2008.
The technical contents of this MD&A have been reviewed
by Hugh Stuart, BSc., MSc, a Qualified Person pursuant
to NI-43101. Mr. Stuart is the Vice President Exploration of
the Company and a Member of the Australasian Institute of
Mining and Metallurgy.
Additional information about the Company and its business
activities is available on SEDAR at www.sedar.com.
Red Back is a mineral resource corporation engaged in
operating, exploring, acquiring and developing mineral
properties. The Company currently owns two gold mines in
West Africa. In Ghana, it holds a 100% interest in the producing
Chirano Gold Mine (“Chirano”). Upon the Government of Ghana
exercising its right to back-in to a 10% ownership of Chirano
Gold Mines Limited (“CGML”), at no cost, the Company will
hold a 90% interest in Chirano with the Government of Ghana
holding 10%. In Mauritania, the Company holds a 100%
interest in the now producing Tasiast Gold Mine (“Tasiast”).
Tasiast was acquired on August 2, 2007. Red Back also holds
various other exploration properties in Ghana, Mauritania and
Côte D’Ivoire.
[ HIGHLIGHTS ]
The Company’s highlights of the year were:
º T|e oc(uisitiu| uí Tosiost u| /uçust Z, ZJJ/ íu| SZ/c ailliu|.
The purchase was financed by an equity financing for total
net proceeds of $336 million.
º T|e |euo]ae|t uí t|e |olo|ce uí C|i|o|u's u|uject Je|t
($17 million) and the buy-out of Chirano’s remaining
forward gold sale contracts ($95 million). These
transactions were primarily funded by a short-form
prospectus financing that closed on October 31, 2007 for
total net proceeds of $108 million.
º Tutol çulJ u|uJuctiu| uí u.e| 1+J,JJJ u/ ,C|i|o|u,
127,196 oz; Tasiast, 20,812 oz during commissioning).
º Cos| uue|oti|ç custs uí SJ/Z ue| u/ ot C|i|o|u.
º T|e Jecisiu| tu u|uceeJ wit| eruo|siu|s uí t|e u|ucessi|ç
plants at both Chirano and Tasiast and with underground
development of the Akwaaba Deeps ore body at Chirano.
As a result of the above transactions, Red Back has moved
into 2008 debt free, un-hedged, generating revenues from two
operating mines and with a strong working capital position to
support the underground development of Akwaaba Deeps at
Chirano and expansions of both the Chirano and Tasiast plants.
It is estimated that the Company will produce 245,000 oz
of gold in 2008 (135,000 oz at Chirano and 110,000 oz at
Tasiast), increasing to approximately 350,000 oz in 2009
upon completion of the plant expansion projects and to over
400,000 oz by 2010.
[ CHIRANO ]
Chirano is located 21 km to the south of the Bibiani mine
(historical production of approximate 5 million oz of gold) in
the western region of Ghana. The Chirano Mining Lease was
granted on April 13, 2004. Chirano commenced production in
October 2005 and became the first new gold mine in Ghana in
many years. The Company is now one of six significant gold
producers in Ghana.
The original mine plan called for the development of eleven open
pit gold deposits spread along a strike length of approximately
nine kilometers. In late 2007, Red Back confirmed its decision
to proceed with the underground development of Akwaaba
Deeps, starting in 2008.
Proven and probable open pit reserves as at April 30, 2007
were estimated at 24.7 million tonnes (“Mt”) @1.6 grams per
tonne (“g/t”), for a total of 1.23 million oz (“Moz”), based on
a gold price of US$550 per ounce. Production between May 1
and December 31, 2007 consisted of 1.3 Mt of ore for a total
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Mining Co SANDSTORM
Leverage to Au Price 9
9
Exploration Upside 9
9
Production Rate Upside 9
9
No Upfront Capex Overruns x
9
No Sustaining Capex x
9
No Exploration Costs x
9
No Environmental Liabilities x
9
Outstanding 225.9 M
Options 6.4 M
Warrants 112.6 M
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Corporate Presentation
February 2010
Strategic Partners
Rio Tinto 15.4%
Premier Mining Company
Investments in Entrée total
over $38,000,000
Investment in Ivanhoe
Up to 46.65%
Ivanhoe Mines Ltd. 14.2%
Oyu Tolgoi Project, Mongolia
Investments in Entrée total over $22,000,000
Spent US$35,000,000 as part of joint venture earn-in
Entrée-Ivanhoe Joint Venture
20/80% or 30/70%
Entrée carried to production
12 13
Entrée Gold - lvanhoe Mines
Joint venture
ln October 2004, lvanhoe Mines Ltd. and lvanhoe
Mines Mongolia lnc. (now known as Oyu Tolgoi
LLCj(collectively as "lvanhoe Mines"j entered into
an agreement with Entrée that allowed lvanhoe
Mines to explore on the portion of Lookout Hill
that surrounds the Oyu Tolgoi project to the north,
south and east. ln June 2008, lvanhoe Mines
fulflled the required commitments of the Earn-ln
Agreement with the completion of expenditures
in excess of US$35 million, triggering the
formation of the Entrée-lvanhoe Joint venture.
lvanhoe Mines was granted the right to earn up
to 70% or 80% interest depending on the depth
of mineralization.
During the earn-in process, lvanhoe Mines
discovered two deposits with Nl 43-101
compliant mineral resources which form part
Properties - Mongolia
of the Oyu Tolgoi mineralized system: the Hugo
North Extension and the Heruga Deposit. The
deposits are part of the long-term planning for the
development of the Oyu Tolgoi mining complex.
Under the terms of the joint venture, Entrée is
carried through to production by debt-fnancing
from lvanhoe Mines.
12 12 12 111222 13 13 13 111333
www. ent reegol d. com TSX: ETG TSX: ETG TSX: ETG | NYSE A | NYSE A | NYSE AMEX: EGI MEX: EGI MEX: EGI | FRANKF | FRANKF | FRANKFURT: EKA URT: EKA URT: EKA www. ent reegol d. com 23 23
Entrée Gold Inc.
Mongolia · USA · Canada · China
A Re A Re R sour sour sour source C ce C e Compa ompa ompa m ny ny n
enga nga g ged ged d in t in t in i he e he explo xplo xp ration and advan dvanceme cem nt of
prem prem pre e ium ium u mine min ral resource pro propert perties ies
TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA
TSX-V: IMI
A MINERAL EXPLORATION COMPANY GROWING
TO MEET GLOBAL METALS DEMAND
2009 : :
ANNUAL REPORT
2
09 : : AN
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On behalf of the Board of Directors, and International
Millennium Mining Corp.’s management team, I am pleased
to present our annual report for the fiscal year ending December
31, 2009.
Toward the latter part of fiscal 2009, the global financial
system began its recovery, bringing stability to the credit and
banking infrastructure. However, the concerns about the USA
and European economies, encouraged significant speculative
buying of precious metals, which together with increased
demand for base metals in Asia and Latin America, caused
upward pressure on commodity prices. This in turn encouraged
the financial markets to provide large financings for established
mining companies and exploration companies with highly
prospective mineral properties. The increased liquidity in the
equity markets enabled International Millennium to complete
a couple of financings, most of which will be designated for
the Simon Mine drilling program in Nevada. Our expectation
is that the global economies, including Europe, will continue
to improve and that commodity prices will remain at current
levels or increase a small amount as the demand for all metals
will grow into 2011.
International Millennium will carry out smaller exploration
projects at the Hope Lake polymetallic property in Ontario
and the Cumshewa gold and antimony property, acquired
in March 2010, in British Columbia, as well as complete the
drilling program at the Simon Mine. We are also working to
identify known mining properties with reserves that are at
the advanced exploration and mining stage, with a view to
advance them through to production or improved production.
Our goal is to acquire a property that will enable the Company to
generate cash flow in the shorter term, while our joint venture
partners on our Mexico and Ontario properties continue their
exploration programs and we complete the programs at Simon,
Hope Lake and Cumshewa.
During fiscal 2009, we transferred many of our property
payments and required exploration expenditures to joint
venture partners and we terminated several optionagreements.
This allowed us to reduce our property payments and to
transfer the exploration dollar requirements to other parties.
We believe that we have a proper balance of 100% owned and
joint venture projects to maximize exploration programs, while
at the same time adding value to the property portfolio. In June,
2009 we signed an agreement with Diamonds Exploration Inc.
with respect to the properties that we retained in the Cobalt,
Ontario area; we executed an agreement with Canadian Star
Minerals Ltd. in September, 2009 for the Kenora, Ontario, High
Lake and Electrum Lake properties; and, in November, 2009
we amended our agreement with First Mexican Resources
Inc., which included the Hilda 30 and 37/38 mineral properties
in Sonora State, Mexico. During 2009 and 2010, we also
terminated the Harrison Lake, Jason and Skead projects, which
resulted in further write downs of deferred property and
exploration expenditures totaling $409,653.
International Millennium completed three private placements
in fiscal 2009 and 2010, raising gross proceeds of $1,347,284.
The funds have been used in 2009 and 2010 to date to carry
out exploration work on the Harrison Lake and Jason, British
Columbia properties, the Simon Mine property, the Hope Lake
property and for working capital. At this time, the Company
holds approximately $500,000.
Management continued to practice fiscal restraint and patience
throughout 2009, this has positioned us well going into 2010,
improving shareholder value on the Company’s mineral
properties in all four areas – Nevada, Mexico, Ontario and
British Columbia.
On behalf of our Board of Directors and our management team
I would like to thank the many people who have contributed
to our success. I would also like to thank our shareholders for
their interest and support.
Sincerely,
John A. Versfelt, President & CEO
PRESIDENT’S REPORT
3
09 : : AN
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IN PURSUIT OF FIRST-RATE POLYMETALLIC DEPOSITS
09 : : PROPERTIES
3
Kenora, Ontario:
Electrum Lake Property
Yecora District, Sonora, Mexico:
Hilda 30, Hilda 37/38 &
La Esperanza Properties
Nestor Falls, Ontario:
Hope Lake Property
Kenora, Ontario:
High Lake Property
2
1 Mina, Nevada:
Simon Property
Nivloc Property
4
Cobalt, Ontario:
Cobalt Property
5
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DESCRIPTION OF BUSINESS
INTERNATIONAL MILLENNIUM MINING CORP. (THE “COMPANY” OR “IMMC”) IS A MINERAL
EXPLORATION AND DEVELOPMENT COMPANY ENGAGED IN THE ACQUISITION AND
EXPLORATION OF MINERAL PROPERTIES IN THE AMERICAS, WITH A PARTICULAR FOCUS
ON SMALL MINE PROPERTIES. THE COMPANY HAS ACQUIRED AND IS EXPLORING MINERAL
PROPERTIES IN BRITISH COLUMBIA AND ONTARIO, CANADA; NEVADA, USA; AND SONORA STATE,
MEXICO. EMERGING MINERAL TARGETS INCLUDE GOLD, SILVER, COBALT, MOLYBDENUM, ZINC,
LEAD, NICKEL, COPPER AND PLATINUM GROUP METALS.
FORWARD LOOKING
INFORMATION
The MD&A contains forward-looking statements about the
Company’s future plans, objectives, strategies, financial
conditions, results of operations, cash flows, exploration and
development activities and businesses. The MD&A is “forward-
looking” because it is based on current expectations, estimates
and assumptions about the Canadian and world economic
climates as they relate to metals and the mining industry,
the Canadian economic environment, the Company’s ability
to explore and develop its mineral properties and to manage
its assets and control its costs.
Certain information set forth in this document includes
forward-looking statements. By their nature, forward looking
statements are subject to numerous risks and uncertainties,
some of which are beyond IMMC’s control, including,
but not limited to: risks and uncertainties relating to the
interpretation and assumptions used in calculating resource
estimates; the execution and outcome of current or future
exploration activities; information included or implied in the
various independently produced and published technical
reports; anticipated drilling and resource estimation plans;
differences in actual recovery rates, grades, and tonnage
from those expected; the inherent uncertainty of production
and cost estimates, risks and uncertainties relating to timing
andamount of estimatedfutureproduction, capital expenditures
and cash flows; risks relating to our ability to obtain adequate
financing for our planned activities and to complete further
exploration programs; foreign currency fluctuations; commodity
price fluctuations; risks related to governmental regulations,
including environmental regulations and other general market
and industry conditions, as well as those factors discussed in

the section entitled “Key Information – Risk Factors” in each
management discussion and analysis.
All of the forward-looking statements contained in this
MD&A are qualified by these cautionary statements and by
stated or inherent assumptions. The key assumptions made
in connection with these forward-looking statements include
the following:
q 5IF EFNBOE GPS CBTF NFUBMT XJMM OPUEFDSFBTFTJHOJGJDBOUMZ
to substantially affect commodity prices;
q 5IF KPJOU WFOUVSF BHSFFNFOUT XJMM DPOUJOVF UP GVOE
property payments and exploration on certain properties;
q 8F XJMM CF BCMF UP TFDVSF OFX GJOBODJOH UP NFFU UIF
Company’s exploration programs and property payment
requirements;
q (PWFSONFOUSFHVMBUJPO XJMM OPUJNQPTF SFRVJSFNFOUTUIBU
would significantly increase our exploration costs; and
q 0VS LFZ QFSTPOOFM XJMM DPOUJOVF UIFJS FNQMPZNFOU XJUI
the Company.
Although we believe these assumptions are reasonable,
investors should not place undue reliance on forward-looking
statements or their key assumptions, which apply only as of the
date of this MD&A. There can be no assurance that the actual
results or developments anticipated by us will be realized or,
even if substantially realized, that they will have the expected
consequences, or effects on us. Except as required by law, we
undertake no obligation to update or revise forward-looking
statements, even if circumstances or management’s estimates
or opinions should change.
09 : : AN
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11
46.."3: %*4$644*0/
At December 31, 2009, the Company had a total of 35,336,943
common shares outstanding.
During the fiscal year ended December 31, 2009, the Company
recorded a net loss of $(903,325) as compared to $(4,340,645)
during the fiscal 2008. The primary reasons for the difference
are as follows:
i) The Company wrote down three additional resource
properties totalling $409,653 during fiscal 2009 as
compared to the write down in fiscal 2008 of $4,019,441
for five resource properties;
ii) Stock based compensation expense increased from$4,000
in fiscal 2008 to $190,000 in fiscal 2009, as the Company
issued 2,810,000 stock options in fiscal 2009 as compared
to 100,000 in fiscal 2008;
iii) Accounting and legal expenditures increased by $5,289 due
to higher legal fees incurred on investigation of properties;
iv) Interest income has decreased to $1,151 for the fiscal year
ended December 31, 2009 as compared to $13,533 in
fiscal 2008;
v) Foreign currency gains decreased from $44,186 in fiscal
2008 to a loss of $3,069 in fiscal 2009 as a result of foreign
exchange differences. In 2008 the effects of the foreign
exchange differences between USD and CAD resulted in a
gain whereas in 2009 there was little difference between
U.S. and Canadian currencies;
vi) A future tax recovery of $21,250 recorded on the
renouncement of the flow through financing, that closed
in January 2009 and August 2009 reduced the net loss
by $21,250;
vii) Salaries and benefits decreased by $18,671 during fiscal
2009 because of cost reduction strategies implemented in
early 2009.
On October 23, 2009, the Company finalized the Sales
& Purchase Agreement and the Option & Joint Venture
Agreement with Canadian Star to sell 100% of the High
Lake Property and Option 51% of the Electrum Lake Property
respectively for $100,000 (received) and 200,000 shares of
Canadian Star. Canadian Star must also incur $750,000 at an
rate averaging no less than $75,000 per year in exploration
expenditures over ten years and issue an additional 500,000
shares of Canadian Star to earn a 51% interest in the Electrum
Lake Property.
During the year ended December 31, 2009, the Company made
the $100,000 property payment pursuant to the High Lake
option agreement. The Company recovered this payment from
Canadian Star and will continue to recover 100%of the property
payments for the Hilda 30 and Hilda 37 & 38 properties in
Mexico fromFirst Mexican Resources Inc. (“First Mex”).
The Company has sufficient working capital to meet all its
obligations after completingtwoprivateplacements subsequent
to fiscal 2009 for $1,161,784 (closed in January and February,
2010). The Company transferred almost all property payments
and required exploration expenditures to joint venture partners
with the exception of a $1,170 USD payment required for the
SUMMARY OF YEAR ENDED
2009 2008 2007
(FOFSBM"ENJOJTUSBUJWF&YQFOEJUVSFT $ 326,073 $ 330,737 $ 591,554
4UPDL#BTFE$PNQFOTBUJPO $ 190,000 $ 4,000 $ 114,000
*OUFSFTU *ODPNF $ 1,151 $ 13,533 $ 76,819
'VUVSF *ODPNF 5BY 3FDPWFSZ $ (21,250) $ - $ (405,000)
8SJUF%PXO3FTPVSDF1SPQFSUJFT $ 409,653 $ 4,019,441 $ -
/FU-PTT $ (903,325) $ (4,340,645) $ (223,735)
/FU -PTT 1FS 4IBSF $ (0.03) $ (0.14) $ (0.01)
As at December 31, 2009 2008 2007
%FGFSSFE.JOFSBM1SPQFSUZ&YQFOEJUVSFT $ 2,879,562 $ 3,106,807 $ 5,976,641
5PUBM "TTFUT 3,101,011 3,590,231 7,956,982
5PUBM-JBCJMJUJFT 283,473 316,618 479,124
4IBSF $BQJUBM 10,506,987 10,257,337 10,204,337
$PNNPO4IBSFT 0VUTUBOEJOH 35,336,943 30,986,944 30,726,944
CORE PROPERTIES:
The Simon Mine Property presents itself as a significant modern
day exploration and development play. This property offers both
size and grade potential for long-term mining and floatation
milling.
The Simon Mine is a past lead, zinc, silver, gold and copper
producer. In addition, there are unsubstantiated reports that
50,000 to 100,000 tons of ore, with unknown grade, remain
within the mine; however, this cannot be confirmed until the
underground workings are dewatered.
A recent report by David Mark, P.Geo., a NI 43-101 qualified
person, describing exploration carried out on the Simon Mine
Property in 2007 and 2008, reports that a mobile metal ion
(MMI) survey indicates mineralization on the property is
polymetallic in nature, possibly a lead-zinc skarn deposit that
grades into a gold skarn. The survey also indentifies gold,
lithium and rare earth element anomalies. Based on the MMI
soil sample data, its correlation with known mineralization,
induced polarization (IP) anomalies and geological mapping
of the property, the Simon Mine property is considered to be
very promising for finding ore-grade mineralization. A nearby
example of a gold skarn is the Fortitude Deposit located near
Battle Mountain, Nevada, which consisted of 5.1 million tonnes
of 10.45 grams/tonne gold.
The report highly recommends diamond drilling the eastern part
of the Simon Mine anomaly, as well as the southeastern part of
anomaly ‘C’. Diamond drill targets exist on the western part of
the Simon Mine anomaly as well as within anomalies ‘B’, the
northern part of anomaly ‘C’, and anomaly ‘D’, however, fill-in
MMI soil sampling is recommended within these anomalies in
order to optimize the drill targets.
SIMON MINE NEVADA
Location: 35km northeast of Mina, Nevada in the Walker-Lane Trend
INTERNATIONAL M
ILLENNIUM
M
INING CORP.
TSX-V: IM
I FW
B
: L9
J
KEY STATISTICS (As at February 10, 2010)
52 Week Range: $0.16 - $0.035
Shares Issued: 48,554,180
Fully Diluted: 61,387,798
Market Capitalization: $3,641,563
TSX-V: IMI | FWB: L9J
1
In Pursuit of First-Rate Polymetallic Deposits
International Millennium Mining Corp. is a mineral exploration and development company
engaged in acquiring known small mines world-wide and in the exploration of polymetallic
mineral properties in Canada and the Americas. Emerging mineral targets include gold, silver,
cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals.
The Company has initiated a minimum 3,000 meter drill program
to test certain primary coincident mobile metal ion geochemistry
and induced polarization geophysics targets developed from
programs carried out by the Company in 2007 and 2008.
SIMON MINE NEVADA
GOLD

SILVER
3
Kenora, Ontario: Electrum Lake Property
Yecora District, Sonora, Mexico: Hilda 30, Hilda 37/38 & La Esperanza Properties
Nestor Falls, Ontario: Hope Lake Property
Kenora, Ontario: High Lake Property
2
1 Mina, Nevada: Simon Property Nivloc Property
4
Cobalt, Ontario: Cobalt Property
5
NIVLOC SILVER MINE NEVADA
Location: 11km southwest of Silver Peak and 272km
south-southeast of Reno, in Esmeralda County, Nevada
Sunshine Mining reported, in a memo dated January 15, 1987,
a (non-NI 43-101 compliant) calculated ore reserve of 621,314
short tons at a grade of 4.5 oz/ton Ag and 0.03 oz/ton Au for
a total of 2,795,913 ounces silver and 18,639 ounces gold.
HOPE LAKE ONTARIO
Location: Located 65km southeast of Kenora, Ontario
Three gold showings occur on the Hope Lake Property.
See news release dated January 20, 2009.
HIGH LAKE ONTARIO
Location: Located off Hwy 1, 45km west of Kenora, Ontario
Joint Venture: Canadian Star Minerals Inc.
ELECTRUM LAKE ONTARIO
Location: Contiguous with the north-eastern boundaries
of the High Lake Property
Joint Venture: Canadian Star Minerals Inc.
COBALT PROPERTY ONTARIO
Location: Located near Cobalt, Ontario
Joint Venture: Diamond Exploration Inc.
HILDA 30, HILDA 37/38 AND LA
ESPERANZA CONCESSIONS MEXICO
Location: Located 190km east-south-east of Hermosillo,
in Yecora District, State of Sonora, Mexico
Joint Venture: First Mexican Resources Inc.
INTERNATIONAL M
ILLENNIUM
M
INING CORP.
www.im
m
c.ca
2
OTHER PROPERTIES: CORE PROPERTIES:
3
4
5
For further information on any of our properties and to view all of our NI 43-101 reports please visit our website: www.immc.ca
CONTACT US: Tel: 604.984.9907 Fax: 604.983.8056 Email: ir@immc.ca Website: www.immc.ca
1
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OIL & GAS
INVESTOR
SHOWCASE
Thursday, June 3, 2010 | 9:00 am – 4:00 pm | The Westin Calgary, 320 – 4 Avenue SW
FREE ADMISSION | OPEN TO THE PUBLIC | NO REGISTRATION
Investing opportunities with a select group of Canada’s most
dynamic junior and mid-cap oil & gas producers
OIL & GAS
INVESTOR
SHOWCASE
Thursday, June 3, 2010 | 9:00 am – 4:00 pm | The Westin Calgary, 320 – 4 Avenue SW
FREE ADMISSION | OPEN TO THE PUBLIC | NO REGISTRATION
Investing opportunities with a select group of Canada’s most
dynamic junior and mid-cap oil & gas producers
WELCOME TO THE
OIL & GAS
INVESTOR SHOWCASE
EVENT SPONSOR
SCHEDULE FOR THE
OIL & GAS INVESTOR SHOWCASE
TIME ECLIPSE REGULATORY ROOM PRICEWATERHOUSECOOPERS ROOM
9:05 – 9:15 Welcome &Introduction of Keynote Speaker
9:15 – 9:45 Keynote Address: Mr. Bruce Edgelow, VPEnergy, ATB
9:50 – 10:10 Exall Energy Corporation Bengal Energy Ltd.
10:15 – 10:35 Birchcliff Energy Ltd. Reliable Energy Ltd.
10:40 – 11:00 Ironhorse Oil & Gas Inc Bellamont Exploration Ltd.
11:05 – 11:25 Palliser Oil & Gas Corporation Yoho Resources Inc.
11:30 – 11:50 Seaview Energy Inc. TriOil Resources Ltd.
11:50 – 1:05 LUNCH BREAK
1:10 – 1:30 Anderson Energy Ltd. Nuloch Resources Inc.
1:35 – 1:55 Diaz Resources Ltd. Arsenal Energy Inc.
2:00 – 2:20 Argosy Energy Inc. Rock Energy Inc.
2:25 – 2:45 Paramount Resources Ltd. WCSB Royalty Income LP
2:50 – 3:10 Trilogy Energy Corp. Vero Energy Inc.
3:15 – 3:35 Tuscany Energy Ltd. Nextraction Energy Corp.
3:40 – 4:00 Terra Energy Corp.
SEPAC would like to thank all
of our sponsors for making the
Oil & Gas Investor Showcase possible
Toronto Stock Exchange TSX Venture Exchange
OIL & GAS
INVESTOR SHOWCASE
Thursday, June 3, 2010 | 9:00 am – 4:00 pm | The Westin Calgary, 320 – 4 Avenue SW
FREE ADMISSION
OPEN TO THE PUBLIC
NO REGISTRATION
Investing opportunities with a select group of Canada’s most dynamic
junior and mid-cap oil & gas producers
www.sepac.ca
On behalf of the Board of Governors and members of SEPAC, Canada’s
Oil and Gas Entrepreneurs™, I would like to welcome you to our Oil &
Gas Investor Showcase. This event provides a venue for investors, fund
managers, analysts, oilpatch observers and the media to get the latest
information from the CEOs of Canada’s leading junior and mid-cap oil
and gas producers.
SEPAC is delighted to have the support of our exclusive Event Sponsor,
ATB Corporate Financial Services, as well as our other valued sponsors
who enable us to produce this key event on Calgary’s business calendar.
We are very pleased with the calibre of companies presenting in our Spring Showcase. As
commodity price differentials between oil and natural gas cause companies to adjust their
strategies, the savvy oil and gas investor will not want to miss this opportunity to hear what our
presenting companies have to say about their prospects for 2010.
Your investment decisions are enhanced by having the latest information and there is no better
place to get this than SEPAC’s Oil & Gas Investor Showcase.
Enjoy the show!
Sincerely,
Gary C. Leach
Executive Director
SEPAC, Canada’s Oil and Gas Entrepreneurs™
2
NOTES
OIL AND GAS INVESTOR SHOWCASE
WELCOME LETTER
Keynote Address: Is the stormbreaking or building?
Join Bruce Edgelow as he takes you through an update on the
energy market and asks the question, “Are we finally coming
through the storm?”
Bruce Edgelow
Vice President, Energy Group
Bruce is responsible for helping build ATB Financial’s energy
business and capabilities. His team consists of industry
specialists in all aspects of the energy industry, including
drilling and service, pipelines, utilities, midstream, exploration
and production.
Before joining ATB, Bruce was a senior Royal banker and has
more than 35 years of experience, with a focus on the oil and
gas industry.
Bruce is a Fellow of the Institute of Canadian Bankers, a
member of the Calgary Petroleum Club, and is a very active
participant in community and church activities. He also
serves as a Director on the Calgary & Area United Way
Board. He has also been a speaker at several oil and gas
industry seminars on finance.
ATB Corporate Financial Services, a division of ATB Financial, offers a wide range of business
solutions from credit, deposit, cash management, derivatives and syndications. We provide
highly responsive relationships to our clients in Alberta’s mid- and senior-markets. With a team
of over 30 professionals, ATB’s Energy Group has one of the largest units in Canada specializing
in energy. We have organized our 10 Relationship Teams to service clients in the following
sub-sectors:
s Oil & gas exploration and production
s Drilling and services
s Pipeline and utilities
s Midstream
In addition to our specialized teams, our Energy Group has an engineering analysis group
that supports our Relationship Management Teams through the provision of analysis and
recommendations. We have also aligned our credit approval teams to work with us in Calgary
to ensure that we respond quickly to all business requests.
Over the past several years, we have grown our Energy portfolio to become a significant
portion of the overall market here in Alberta – largely due to our highly responsive relationships.
Come and discover why more and more of Alberta’s top companies are choosing ATB as their
financial partner.
3
EVENT SPONSOR
Moderators of the following sessions:
Exall Energy Corporation
Birchcliff Energy Ltd.
Ironhorse Oil & Gas Inc.
Palliser Oil & Gas Corporation
Cameron Hughes
Partner, McMillan LLP
Cameron Hughes is a Partner at McMillan LLP practicing in the Energy Group on matters
pertaining to the oil and gas and electricity industry. Cameron’s practice is primarily focused on
energy trading. He has acted for and negotiated with both producers/generators and financial
institutions in all facets of physical and financial trading in Alberta based commodities. Cameron
has extensive experience in a wide variety of oil and gas matters including negotiating and
closing asset purchase and sale transactions; corporate and regulatory due diligence on large
and small scale acquisitions and divestitures in Canada; negotiating and resolving a variety of
operational issues arising among operators and co-owners of energy properties; and offering
general advice and assistance to energy companies. Before McMillan, Cameron was a Partner
at Thackray Burgess, a boutique energy law firm, which combined with McMillan in May 2009.
Joan Dornian
Partner, McMillan LLP
Joan Dornian is a Partner at McMillan LLP in the Energy Group. She has more than 22 years
experience in oil and gas law. She spent 9 of those years consulting in the legal and land
departments of several well-known energy companies and has been a member of CAPL since
1992. Joan’s practice focuses on the acquisition and divestitures of oil and gas properties,
and negotiating and drafting a wide variety of industry specific agreements. She is an expert
in coal bed methane and freehold mineral issues, and regularly works with clients to resolve
contentious land, mineral and joint venture issues. Joan’s clients include private and public,
junior, intermediate and senior energy companies in Canada. Prior to McMillan, Joan was a
Partner at Thackray Burgess, a boutique energy law firm, which combined with McMillan in
May 2009.

4
NOTES
SESSION MODERATOR PROFILES
OIL AND GAS INVESTOR SHOWCASE
SESSION MODERATOR PROFILES
SESSION MODERATOR PROFILES
Moderators of the following sessions:
Bengal Energy Ltd.
Reliable Energy Ltd.
Bellamont Exploration Ltd.
Yoho Resources Inc.
Heidi Christensen-Brown, MBA
Account Executive, The Equicom Group
Heidi is an Account Executive for the Equicom Group, the investor relations and corporate
communication services division within the TMX Group. Her current focus is on developing and
implementing year round strategic investor communication programs for TSX and TSX Venture
listed oil and gas companies. She ensures timely and effective two-way communication
between client companies and professional investment audiences, retail investors and the
financial media. Based in Calgary, Heidi has a B.Sc., an MBA and has spent the past 14 years
in the oil patch, in positions ranging from data management to exploration. Prior to joining
Equicom, Heidi held an investor relations analyst position for one of Canada’s largest oil and
gas producers.
Cindy Gray, MBA
Senior Manager, Global Energy, Toronto Stock Exchange / TSX Venture Exchange
Ms. Cindy Gray is the Senior Manager, Global Energy for the listings business development
division of Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV). Ms. Gray is
responsible for developing and executing the Exchanges’ strategy to attract and develop new
domestic and international listings in the energy sector. She provides support and assistance
to oil & gas and energy services companies, as well as their investment banking and legal
advisors regarding the benefits and requirements of listing on the Exchanges. Ms. Gray has an
MBA and over 10 years’ experience managing Investor Relations programs for North American
listed public companies, predominantly in the oil and gas sector.
Toronto Stock Exchange TSX Venture Exchange
5
NOTES