PowerPoint Presentation - Kenai Resources by HC111129062910

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									Crater Mountain Papua New Guinea




                                   TSX-V:KAI

                Gold, exploration, development, growth
Caution Concerning Forward-Looking Statements

This presentation and related documents may contain certain “forward-looking statements” including, but not limited to,
statements relating to interpretation of drilling results and potential mineralization, future exploration work at the Hope Butte and
Quartz Mountain (Jessie Page) Project and the expected results of this work. Forward looking statements are statements that are
not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold
prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms;
changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfil
expectations and realize the perceived potential of the Hope Butte and Quartz Mountain (Jessie Page) Project; uncertainties
involved in the interpretation of drilling results and other tests; the possibility that required permits may not be obtained
in a timely manner or at all; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions;
the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination
or damage resulting from the exploration operations at the Hope Butte and Quartz Mountain (Jessie Page) Project
.
Forward-looking statements contained in this presentation and related documents are based on the beliefs, estimates
and opinions of management on the date the statements are made. There can be no assurance that such statements
will prove accurate. Actual results may differ materially from those anticipated or projected. Kenai Resources Ltd. undertake no
obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should
change.




                                                                                                                                               2
New Kenai

 ➤ New   Management team
 ➤ Board   and executive management with history of
   developing world class projects
 ➤ Networked    board ..... first class funding capability
 ➤ Growth   focus
 ➤ Underlying   fundamental value compared to peers
 ➤ Company    value poised for growth



                                                             3
Creating new mid tier gold producer
 ➤   Kenai has just purchased GoldOrigin Limited, a private company formed to develop new
     projects
 ➤   With GoldOrigin comes experienced management team of Greg Starr and Neil Cole
 ➤   Also networked shareholders with access to finance and market opportunities
 ➤   Will restart Kenai focussing on developing Hope Butte and Quartz Mountain, eastern Oregon
     and further exploration at Albisu, northern Nevada
 ➤   Both Hope Butte and Quartz Mountain leachable and near surface; partly NI 43-101
 ➤   Hope Butte – at 130m depth 4.6m 1.04 opt; near surface 0.99g/t over 4.09m, 1.61g/t over
     2.45m, 0.82g/t over 17.45m; earlier reserves estimate, prior to NI 43-101 standards
 ➤   Quartz Mountain - 0.74g/t over 74.7m, 0.71g/t over 13.72m,1.27g/t over 38m, 0.88g/t over
     21.34m; indicated resources, NI 43-101
 ➤   Albisu – 0.71 g/t gold over 62.5m from 111.2m to 173.7m, including 4.32 g/t gold from 111.2
     m to 117.3m, 12.46 g/t gold over 1.5m from 103.7m to 105.2m; too early for NI 43-101
 ➤   Will look for growth in area consolidation and other production opportunities
                                                                                                   4
Short term
 History
 ➤   2 Advanced stage exploration projects in NE Oregon (Hope Butte “HB” and Quartz Mountain “QM”)
 ➤   HB – 3 zones to 125m deep, hot spring origin, open cut, 0.96g/t, current est 141k gold ozs
 ➤   QM – 2 zones, to 120m deep, epithermal hot-springs origin, open cut, 0.7g/t (gold equiv), current estimate
     375k gold equiv oz
 ➤   Yamana JV prior to their 2008 North American withdrawal

 Current – 1 Month
 ➤   Earn in to Albisu project Northern Nevada - as part of strategic exploration consolidation
 ➤   Addition of experienced mining professionals to the board
 ➤   Acquisition that brings new, experienced, operational management team
 ➤   Financing

 3 months
 ➤   NI 43-101 for Hope Butte
 ➤   Review two production projects
 ➤   Additional Northern Nevada /Southern Oregon
     exploration consolidation

 1 year
 ➤   Near term production
 ➤   1M ozs+ in NI 43-101 Resources


                                                                                                                  5
Capital Structure
Major shareholders                                                                     Shares and Capitalization
Directors and management                                      40%                      Current Issued Shares(1) (2)                                                 27,969,036
Other                                                         60%                      Share price (as at 30 March 2010)                                             0.20
                                                                                       Share Price 12 month Hi / Lo                                                   .05-25
                                                                                       Market Capitalization                                                          C$6.4M
Warrants and Options
Unlisted Warrants $0.10                          8,000,000
Expiry Nov 3,2010
Unlisted Options $0.265
Expiry June 24,2012                              1,500,000
Unlisted Warrants $0.15
Expiry 2 yrs (date tba) (2)                      5,000,000
Unlisted Warrants $0.20
Expiry 2 years (date tba) (1)                    1,600,000
Total Warrants and
Options on Issue                               16,100,000



                                                                                                                                                                                 6
      (1) 1,600,000 shares and warrants to be issues subject to finalisation of GoldOrigin transaction (2) 5,000,000 placement shares and warrants subject to finalisation
Board and management
             Strong governance, exploration, project development and corporate expertise
  Dan Kunz – CEO and Chairman - Mr Kunz is a professional engineer with over 30 years of experience in mining, construction
  and financing of global resource projects. His tenures, most of which were at the senior management and/or president level, include Morrison
  Knudson Corporation and MK Gold Company. As former president of Ivanhoe Mines Ltd., Mr. Kunz played a key role in the acquisition,
  development and worldwide operations of Ivanhoe's mineral projects. Mr. Kunz holds a Masters of Business Administration, B.Sc. in Engineering
  Science and an Associate of Accounting degree.


  Paul Larkin – CFO/Secretary and Director - Mr. Larkin, Vancouver, British Columbia, is President of the New Dawn Group,
  an investment and financial consulting firm located in Vancouver, British Columbia. New Dawn is primarily involved in corporate finance, merchant
  banking and administrative management of public companies. Mr. Larkin held various accounting and banking positions for over a decade before
  founding New Dawn in 1983. He currently serves on the boards of a number of public and private companies where he chairs both audit and
  corporate governance committees.


  Steven Chi – Independent Director - B. SC. and M. Sc., Mr. Chi is a professional mining engineer.                      He had a distinguished
  career as an executive for the international mining and construction giant, Washington Group International (formerly Morrison Knudsen Company)
  and served on the board of administrators for a large bucket wheel lignite mine and power plant complex in Leipzig, Germany. Mr. Chi has
  extensive experience and contacts in all aspects of mining and development including gold and precious metals mining. Mr. Chi was co founder and
  served on the board of MK Gold Company.


  Gerald Sneddon – Independent Director - Mr Sneddon is a senior mining engineer with over 45 years domestic and
  international experience in the development and operation of precious and base metal mines. During his career he has held executive positions
  with the Anaconda Company, Kaiser Steel, Beker Industries and Morrison Knudson. In addition to his extensive operating experience, Mr. Sneddon
  has supervised several feasibility studies through mine construction and start-ups. Graduating in 1957, Mr. Sneddon holds engineering degrees
  from Montana State College and is a member of the Association of Professional Engineers.



                                                                                                                                                      7
Board and management
                                            New Experienced Management
  Greg Starr – Consultant -            Mr Starr has over twenty years experience in corporate financial management, with the
  last seventeen years focused on the resources and mining sector. Mr Starr is Executive Chairman of ASX listed Gold Anomaly
  Limited. Mr Starr’s previous roles include, Chief Executive Officer and President of Golden China Resources Corporation
  (TSX), and Chief Executive Officer of Michelago Limited (ASX), and Chief Executive Officer of Emperor Mines Limited (ASX).
  Mr Starr is a member of the Australian Society of Certified Practicing Accountants, a fellow of the Association of Chartered
  Certified Accountants (UK) and a member of the Australian Institute of Company Directors.


  Neil Cole – Consultant            - Neil Cole is a Fellow and past Councillor of The Australasian Institute of Mining and
  Metallurgy and is subject to the Codes of Ethics of that body, with experience of more than 30 years in the assessment,
  financial analysis, valuation, and investment appraisal of mining and related projects.


  Nicco Civelli – VP Finance Europe - Mr. Civelli is a financial consultant with expertise in the natural resources
  sector, and has strong associations with several European and Singapore based private asset management companies. He
  presently serves on the Board of LW Emerging Markets Fund, which is a hedge fund with focus in natural resources in
  emerging markets and also serves as VP Finance (Europe) of Vangold Resources. Mr. Civelli holds a Master’s degree in
  Applied Finance from the University of Southern Queensland.




                                                                                                                                 8
Fundamentals - Undervalued compared to peers
                              ➤   KAI Hope Butte and Quartz Mountain potential low
                                  grade leachable projects
                              ➤   Approximately the same 1.5km by 1.5km footprints
                                  as Sleeper, Grassy Mountain and Midas-Ken
                                  Snyder deposits
                              ➤   Peers in the region valued at US$14/ resource
                                  ounce
                              ➤   KAI currently < $7 resource ounce




                                                                                 9
Two advanced exploration projects
        Hope Butte, eastern Oregon                       1985 – 1992 Chevron 41 RC, Horizon Gold 73 RC for
                                                          approx 14,000m drilling to average about 120m depth
                                                         Est. $1.9 M spent to date
                                                         Yamana active projects before NA withdrawal.
                                                         3 mineralized zones 230m,365m and125m long, 5m to
                                                          15m wide and to 125m depth
                                                         Main Hill has deep, high grade section (interpreted feeder
                                                          zone) – one intercept 4.6m @ 32.3g/t Au
                                                         Est. of size - 5mt @ 0.96 g/t Au for 141k ozs - 1.35:1 strip
                                                          ratio – strong heap leach potential
                                                         Next steps – Scoping Study, NI 43-101 resources
   1982 - 1990 Freeport 4 RC holes, Homestake 2
    holes, Chevron, and Chevron/MK Gold175 RC                    Quartz Mountain, eastern Oregon
    holes for 18,940m drilling 27-258m depth
   Est. $2.65M spent to date
   2 mineralized zones, East and Central, 250m and
    180m long, 40m and 15m wide and to 125m
    depth
   NI 43-101 16.55m t @ 0.58 Au and 7.67g/t Ag for
    375k Au equiv ozs
   Next step – data confirmation then PFS

                                                                                                                         10
Hope Butte, Oregon – Horizon Gold Estimated Ore Reserves
                                     Tons      Grade g/t gold   Contained gold ounces   Stripping Ratio w:o

    A. NORTH HILL ZONE
    Proven – oxidised              1,041,373       1.03                31,146
    Inferred – unoxidised          1,454,776       0.96                40,594
    Total                          2,496,149       0.99                71,740                  1.2:1
    B. MAIN HILL ZONE
    Inferred – oxidised             652,294        0.99                18,563                  3.1:1
    Inferred – unoxidised          1,476,182       0.89                38,591
    NW Extension, Main Hill Zone
    Inferred – oxidised             317,361        0.82                  7,557                3.78:1
    Inferred – unoxidised           128,574        1.13                  4,266
    Total                          2,574,411       0.92                 68,977                1.50:1
    TOTAL ALL ZONES                5,070,560       0.96                141,188                1.35:1




                                                                                                              11
Hope Butte Plan and Longitudinal Section




                                           12
Hope Butte Project, Oregon




                             13
Hope Butte – Development
potential
  ➤   Epithermal setting similar to Sleeper
      Mine, NV
  ➤   Mineable tonnage 6.35m tonnes @
      0.80g/t. for 163,300 contained ozs
  ➤   1.3m tonnes @ 0.56g/t for 5 year life with
      1.3:1 stripping ratio
  ➤   Heap leach for 70% recovery for
      production of 23,300 ozs




                                                   14
Quartz Mountain (Jessie Page Project)
  ➤   Exploration Commenced 1982 with
      Homestake and Freeport
  ➤   Acquired by Chevron 1985 and defined
      initial mineral Resource in 1988 from 32
      holes
  ➤   Two groupings of gold - near surface
      lower grade and deeper high grade
  ➤   Epithermal system - gold deposited in
      high grade veins (>3g/t) during boiling at
      50 – 100M depth
  ➤   Now 174 RC holes for 18,938.2m
  ➤   2006 Minefill 43 – 101 concluded 375,000 ozs of gold equivalent
  ➤   Analysis of extensions of a) low grade zones, b) high grade zones and c) undiscovered zones a
      priority
  ➤   From the work to date success in a) is regarded as the most probable
  ➤   100% owned for $50k p.a and 4% NSR




                                                                                                      15
Quartz Mountain, Oregon (Jessie Page Project)




                                                16
Quartz Mountain, Oregon (Jessie Page Project)



                                                                                                  Cross sections through the LEAPFROG grade shells,
                                                                                                  showing topography and drill intercepts. Note shallow depth
                                                                                                  of resource. The East zone is on the right.




  LEAPFROG digital model of 0.0007 opt (0.025 g/t) Au grade shell showing two distinct zones of
  mineralization (East zone is on the right and the Central zone is on the left).



                                                                                                                                                           17
Quartz Mountain, Oregon (Jessie Page Project)
   Moving forward
   ➤       03/10 Complete Scoping Study
   ➤       04/10 twin some of the previous drill holes to increase confidence in the historic dataset
   ➤       04/10 Wide diameter diamond drilling for metallurgical test samples
   ➤       Q3/Q4 2010 Exploration for deeper feeder zones
   ➤       End 2010 PFS/BFS

  Stone Daley NI 43-101
                          Tons       Grade g/t gold   Contained Gold ounces


  East Zone             15,800,000
  Central Zone           750,000
  Total(1)              16,550,000       0.58                309,000
  (1)     Plus silver
        7.27g/t




                                                                                                        18
Albisu, northern Nevada
  ➤   Recent drilling has intercepted widespread low-
      grade gold mineralization.
  ➤   Eleven core holes for a total of 3,320 meters
  ➤   Intercepted 12 g/t gold over 1.5 metres from 103.7m
      to 105.2m and 41 metres from 154.0m to 195.1m
      that averaged 0.66 g/t gold
  ➤   Drilling has intercepted geochemically anomalous
      and intensely altered volcanic rocks suggesting a
      large mineralizing system has been active in the
      area.
  ➤   The results highly encouraging and given the
      widespread nature and continuity of the gold
      mineralization suggests that more prospective areas
      of the system may not have been identified to date.




                                                            19
Albisu, northern Nevada
  ➤   Low grade, wide intercepts of gold with
      scattered narrower zones of higher grade have
      been encountered in many of the holes.
  ➤   Gold occurs in hydrothermally altered
      brecciated volcanic rocks that exhibit strong
      argillization, silicification and sulphide veining
      characteristic of high level epithermal systems.




                                                           20
Immediate Growth opportunities – Brazil and Mexico

  Mexico – Puerto Areval Gold Project, Sonora State, 90 km NNE of Hermosillo
  ➤   Potential low grade gravity/leaching project in lahar mudflow environment
  ➤   Sonora location, excellent infrastructure
  ➤   Local work demonstrated an economic 0.3 g/t gold with potential for 100k oz pa production
  ➤   Shortly to spend US$250K on metallurgical characterisation
  ➤   50% JV Agreement




                                                                                                  21
Investment Rationale
                                Nevada Projects Mkt Cap Resource /Oz
           $35

           $30

           $25

           $20                                                                           Coral Gold (3.4M ozs @ 0.6g/t)
                                                                                         Gryphon (2.5M ozs @ 0.9g/t)
           $15
                                                                                         Kenai (0.5M ozs @ 0.76g/t))
           $10                                                                           X-Cal (1.7M ozs @ 0.6g/t)
                                                                                         Golden Queen (2.6M ozs @.9 g/t)
            $5

            $0
                  Coral Gold Gryphon (2.5M Kenai (0.5M X-Cal (1.7M Golden Queen
                 (3.4M ozs @ ozs @ 0.9g/t) ozs @ 0.76g/t)) ozs @ 0.6g/t) (2.6M ozs @.9
                    0.6g/t)                                                   g/t)



    ➤   Revitalised management
    ➤   Shareholders growth strategy
    ➤   Fundamentals positive
    ➤   Well networked board and shareholders
    ➤   Growth opportunities identified
    ➤   Poised for growth

                                                                                                                           22
TSX-V:KAI



            23
Appendices




             24
Hope Butte Project
                                                Hope Butte Drill Hole Summary

 Hole No.   Interval     Intercept   Au (opt)      Au (g/t)        Hole No.     Interval         Intercept    Au (opt)   Au (g/t)
                       feet metres                                                             feet metres

 HB 21-1    25-285'    260    79.2      0.027          0.76        HB 21-35        135-265'    130    39.6       0.026       0.73
             30-75'    45     13.7       0.08          2.26
            100-120'   20     6.1       0.042          1.19        HB 21-39        100-190'    90     27.4       0.024       0.68
            255-270'   15     4.6        0.08          2.26
                                                                   HB 21-42        350-355'     5     1.5        0.102       2.88
 HB 21-2     30-75'    45     13.7      0.042          1.19                        385-395'    10     3.0        0.308       8.69
            170-215'   45     13.7      0.059          1.66
                                                                   HB 21-47         40-70'     30     9.1        0.034       0.96
 HB 21-4    240-280'   40     12.2      0.052          1.47
                                                                   HB 21-58        180-225'    45      13.7      0.057       1.61
 HB 21-7    105-180'   75     22.9      0.036          1.02                        250-325'    75      22.9      0.035       0.99
                                                                                   165-485'    320     97.5      0.029       0.82
 HB 21-10   10-245'    235    71.6      0.032          0.90
                                                                   HB 21-59        340-345'     5       1.5      0.061       1.72
 HB 21-12    70-80'    10     3.0       0.045          1.27
            135-145'   10     3.0        0.05          1.41        HB 21-63         0-60'      60      18.3      0.024       0.68
                                                                                   25 - 45'    20       6.1      0.041       1.16
 HB 21-14   100-195'   95     29.0      0.029          0.82                       110 - 145'   35      10.7      0.039       1.10
            205-230'   25     7.6       0.056          1.58                        0 - 255'    255     77.7      0.022       0.62


 HB 21-26   45-280'    235    71.6      0.036          1.02        HB 21-72       245 -270'    25       7.6      0.038       1.07


 HB 21-32   425-440'   15     4.6        1.04         29.35




                                                                                                                                    25
Quartz Mountain (Jessie Page Project)




                                 Per David M.R. Stone,P.Eng., P. Sean Daly, P.Geo. 2006 NI 43-101 report


                                                                                                           26
Albisu
    Drill Hole              From (m)   To (m)       Interval (m)                  Au gms/t            Ag gms/t
    ALB-04                     103.6   105.2                  1.5                     12.46                 14.2
                               153.9   227.1                 73.2                       0.39                  2.3
                 includes      170.7   178.3                  7.6                       1.94                4.47
    ALB-06                     111.3   173.7                 62.5                       0.71                1.98
                 includes      111.3   117.3                  6.1                       4.32                5.07
                 includes      111.3   112.8                  1.5                     14.61                13.41
                 includes      147.8   173.7                 25.9                       0.38                2.55
    ALB-08                      77.7   141.7                 64.0                       0.15                0.85
    ALB-09                     266.7   311.2                 44.5                       0.21                1.44
                 includes      295.7   311.2                 15.5                       0.39                2.68
    ALB-10                     278.9   321.6                 42.7                       0.21                1.44
                 includes      304.8   321.6                 16.8                       0.54                3.56
    ALB-12                     157.0   170.7                 13.7                       0.39                3.18
    ALB-13                     283.5   365.8                 82.3                       0.25                  1.2
                 includes      310.9   320.0                  9.1                       0.49                2.15
                               413.0   419.1                  6.1                       1.08                2.43
    ALB-14                     118.9   120.4                  1.5                       2.69                  1.2
                               260.6   268.2                  7.6                       0.44                1.75



                                                Per John Rice, VP Exploration, Western Energy Development Corp. Nov 4 2009


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