Kenai Resources Ltd. | Creating a New Mid Tier Gold Producer

Gold. Exploration. Development. Growth.
Creating a New Mid Tier Gold Producer

Kenai Resources is a growth oriented gold explorer and development company

Kenai has executed an Option Agreement with Gold Anomaly Limited (ASX:GOA) to acquire 100% of the Sao Chico gold project in Brazil.

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an experienced management team with a history of developing world class projects

Kenai Leadership Team

Leaders in Building World Class Projects

In these markets only the exploration companies with the best people and projects will get financed. Kenai Resources closed a large $3.35 Million financing, the smart money has bought into Kenai Resources because of the property and the experienced team running it. Meet this amazing management and technical team driving to become a high grade, near term gold producer in Brazil.

Daniel Kunz, B.Sc., MBA, A.A., P.Eng. - Chairman

Former President of Ivanhoe Mines (Now called Turquoise Hill Resources NYSE:TRQ)
Part of the 2001 discovery team of the massive Oyu Tolgoi copper gold discovery in Mongolia (largest copper gold deposit on earth)
Spent 17 years with Morrison-Knudsen, a major construction company
Has been an active independent director on Randy Reifel’s Chesapeake Gold since 2002

Greg Starr, BBus, CPA, MAICD, FACCD (UK) – President, CEO and Director

Over 20 years of experience in corporate financial management focused on the resources and mining sector
As CEO for Emperor Mines arranged replacement debt financing, rearranged gold hedging structure, defended a hostile takeover bid, negotiated & executed the sale of the company
Responsible for development of Golden China’s Beyinhar project from drill prospect to the key asset of Sino Gold’s $100M takeover offer

Paul Larkin – Secretary and Director

More than 40 years of experience in corporate finance, merchant banking, capital markets & administrative management of public companies
Has served on all levels of a public company
Remains on the boards of a number of public and private companies in which he chairs both audit and corporate governance committees

Steven Chi, B. SC. and M. Sc. – Independent Director

A retired mining engineer with a distinguished career as an executive for the international mining and construction giant, Washington Group International
Has extensive experience & contacts in all aspects of mining and development including gold and precious metals mining
Holds a Ph.D. Degree in Mineral Engineering from Stanford University

Gerald Sneddon, P.Eng. – Independent Director

Serves as Executive Vice President of Operations of Chesapeake Gold Corp. and served as its Acting CFO
A Mining Engineering Consultant who has an an extensive background in the mining industry
Over 35 years of experience in increasingly responsible positions which includes the Anaconda Company, Kaiser Steel, Beker Industries, Morrison-Knudsen and Chesapeake Gold
Has supervised several feasibility studies through mine construction and start-ups
Holds engineering degrees from Montana State College
A member of the Association of Professional Engineers

David Paterson, MA (Oxon), FCA - Independent Director

Extensive experience in corporate finance and private equity investment, Investment banking in London and senior executive of Swire Group in Hong Kong. UK citizen resident of Hong Kong since 1976.
Founder and significant shareholder in HSBC Private Equity Management, the largest private equity manager in Asia at that time with over $1.1 billion under management.
Has been and still remains director of a number of publicly listed and unlisted companies in Hong Kong, South Korea, London, USA & Canada including companies involved in gold mining and infrastructure development.
Was appointed an Honorary Professor of the China University of Political Science and Law in 2007.

Neil Cole – VP Technical Services

Has more than 30 years in the assessment, financial analysis, valuation, and investment appraisal of mining and related projects

John Watt, BA C.A. - CFO

Has more than 37 years of experience as as senior financial management for a number of resource-based companies
Currently CFO of two other Canadian public junior mining companies, one of which operates in Latin America
Has been a Chartered Accountant since 1973
Is a Member of the Institute of Chartered Accountants of British Columbia

>The Sao Chico Gold Project is located in the prolific Tapajós region of Brazil

Sao Chico Gold Project, Tapajós Region, Para State, Brazil

Hole 11-SC-002

1.86 meters at 19.4 g/t gold from 38 meters down hole depth

Hole 11-SC-004

1.2 meters at 60.9 g/t gold from 49 meters downhole depth

Hole 11-SC-005

1.58 meters at 97.6 g/t gold from 142 meters downhole depth

Hole 11-SC-006

2.15 meters at 73.1 g/t gold from 133 meters downhole depth

Hole 11-SC-007

2.0 meters at 60.1 g/t gold from 155 meters downhole depth

Based on recent initial diamond drilling results, Kenai considers there is excellent potential at Sao Chico for delineation of NI 43-101 mineral resources of sufficient tonnage and grade to support a substantial gold project operation. An independent NI 43-101 report was released in 2011 and will be updated early in late 2012.

Agreement

In Brazil, Kenai has entered into a letter agreement (the “Agreement”) with ASX-listed Gold Anomaly Ltd (“GOA”) to acquire GOA’s wholly-owned subsidiary, Gold Aura do Brasil Mineração Ltda (“GOAB”), which holds 100% of the Sao Chico gold project mineral rights. The consideration payable by Kenai includes: a) forgiveness of an existing loan of AUD$3,500,000 due to Kenai from GOA which is part of cash advances made by Kenai for the Sao Chico gold project; b) issuance of 10 million common shares of Kenai following regulatory and related approvals, with such shares subject to a 12 month non-trading hold period; and, c) the issuance of an additional 6 million Kenai common shares when one of several development milestones are achieved for the Sao Chico project such as completion of a bankable feasibility study. Under the terms of the Agreement, Kenai has no other obligations to GOA for royalty, net profit interest or similar payments in the future.

Location

The Tapajós gold region is situated in the south-central part of the vast Amazon Craton, which is divided into two, the Guyana Shield north of the Amazon River and the Brazilian Shield, with its nucleus as the Archaean greenstone-granitoid terrane, south of the Amazon. As shown in the regional geology plan, Sao Chico is in the same geological unit, the intrusive Parauari Suite, as the Tocantinzinho (TZ), Palito and Sao Domingo projects. TZ is a major gold project acquired for CAD$122 million in July 2010 by Eldorado Gold (TSX:ELD, ASX:EAU). In June 2010, ELD acquired 26.8% equity in Serabi Mining plc, the AIM-listed company which owns 100% of the Palito underground mine. From Sao Chico, the TZ project is 54 kilometres north-west and Palito is 23 kilometres east north.

Strategy

Kenai’s objectives in this transaction are to undertake local and regional exploration and development, over the tenement area covering 1,416 hectares, initially targeting one million gold ounces in the 56 hectare core area, the site of extensive prior garimpeiro surface workings. Kenai’s project funding is to generate the necessary data to accelerate a Mining Lease application.

NI 43-101

Maps

Photos

Our Partners

Eldorado Gold Corp. has purchased 22.5 million shares, or approximately 19.6% of Kenai’s outstanding Fully Diluted shares.

In 2010, Eldorado announced the purchase of Brazauro Resources for $122.4 million. The acquisition gave Eldorado the Tocantinzinho Project in Tapajos, Brazil.

Tapajos district, Para State, Brazil
Bulk tonnage, gold stockwork, open pit mine
Feasibility Study to be completed Q3 2012
EIA submitted; approval anticipated by year end 2012; construction decision to follow
Production expected to begin in Q1 2016

Gold Anomaly (ASX: GOA) has been an integral partner with support in project acquisition and building our management team.