Overview

Vaaldiam Resources Ltd. is a Canadian based company engaged in the mining, exploration and development of diamond deposits. Vaaldiam’s goal is to develop the Company into a leading producer of high quality diamonds, through the systematic exploration and development of properties situated in some of the world’s most prospective regions.
Vaaldiam follows a strategy of exploring for both kimberlite and alluvial diamond deposits in areas that have a history of significant diamond production. Coincident with the Company’s exploration for primary kimberlite deposits, the Company also pursues the development of relatively low cost, low risk alluvial diamond properties to production. Vaaldiam’s properties have excellent exploration potential. Mining in Brazil benefits from an excellent infrastructure, a hospitable climate and a mine-friendly, low-cost environment. The Amazon Craton, in which the Pimenta Bueno Property lies, shows similar characteristics to that of Canada’s Slave Craton where the Ekati and Diavik mines are located yielding diamonds of similar value.

Vaaldiam is pursuing a balanced and diversified exploration strategy. The project portfolio is geologically diversified through the pursuit of both alluvial and kimberlite diamonds and balanced with a series of projects at various stages of exploration from grass roots through to bulk sampling.

Chief Properties

Mining

Duas Barras (100% Interest)

• Commercial production commenced September 2007
• 2008 production of 90,000 carats
• Indicated and inferred resource of 432,000 carats
• Diamond value of US$172 per carat

Chapada Mine (100% Interest)

• Commercial scale production commenced March 2007
• Annual production of 30,000 carats of diamonds per year
• Indicated and inferred resource of 270,000 carats
• Diamond value of US$400 per carat
• Resources contained within 15 sq km area
• Additional 270 sq km’s of mineral right concessions provides significant exploration upside

Advanced Exploration

Brauna (100% Interest)

• Advanced kimberlite project in final stages of feasibility study
• 22 kimberlite pipes – 4 diamondiferous and 18 still to be tested.
• 10 million tonnes estimated in 2 of the 4 tested kimberlite pipes.
• Average grade recovered in bulk sampling to date is approximately 40 cpht
• Estimated average carat value of US$125 per carat

Pimenta Bueno (100% Interest)

• 41 kimberlites located on 250,000 hectares of land – 50% diamond bearing
• Delineation drilling of 9 pipes outlines a resource of over 235 million tonnes
• 16 of the 41 kimberlite pipes have been discovered since 2004 when VAA became involved
• Rio Tinto has back-in rights

Candle Lake (100% Interest)

• 2 large diamond-bearing kimberlites located in the Fort a la Corne kimberlite trend Saskatchewan, Canada.
• Large tonnage potential, in excess of 100 million tonnes

Rondonia (100% Interest)

• Located in Rondonia State, Brazil adjacent to the Pimenta Bueno property.
• 8 known kimberlites located on 830,000 hectares of land.
• 5 kimberlites are diamond bearing based on previous sampling.

Catalão (100% Interest)

• Composed of 3 kimberlite pipe-like deposits covering a surface area of 0.75 hectares
• Initial sampling by Rio Tinto indicates a grade of 23 cpht
• Definition drilling and additional bulk sampling planned for 2008

Chapada (100% Interest)

• Resources currently being mined exist on only 10% of the 270 km2 exploration concessions.
• Previous exploration shows potential for 20 million bank cubic metres of additional resources and a potential 1 million carats

Management

• Alan Lee Barker, Director & Technical Advisor
  Mr. Barker is President and CEO of Sparton Resources. Mr. Barker has held senior management positions in several junior and major mining companies, where he was involved in the discovery and development of a number of base metal, precious metal, and industrial mineral deposits. With over 35 years of experience in the mining industry, Mr. Barker has generated and managed exploration, evaluation, and development programs for various commodities in North and South America, Africa, Australia, and the former Soviet Union. Since 1991, Mr. Barker has been closely involved in the exploration, discovery, evaluation, and development programs of several significant diamond deposits in Canada’s Northwest Territories, South Africa, Angola, and parts of South America. He supervised the initial exploration program on the Diavik Project near Lac de Gras in the Northwest Territories which led to the discovery of over fifty kimberlite bodies, four of which commenced commercial production in 2003. As Executive Vice President of SouthernEra Resources Ltd., Mr. Barker was involved in the discovery and development of the Marsfontein kimberlite pipe in South Africa. Mr. Barker holds an Applied Science degree in Geological Engineering from the University of Toronto and a Master of Science degree in Mineral Exploration and Economics from McGill University. He is a Fellow of the Geological Association of Canada, is a Member of the Society of Economic Geologists, the Canadian Institute of Mining and Metallurgy and the American Institute of Mining Engineers. Mr. Barker has been a Director of Vaaldiam since 1987.
• Peter Bojtos, Director
  Mr. Bojtos is a Professional Engineer with over 35 years of international experience in the mining industry. He has an extensive background in corporate management as well as in many facets of the industry, from exploration through the feasibility study stage to mine construction, operations and decommissioning. Mr. Bojtos graduated from the University of Leicester, England in 1972, following which he worked at mines in West Africa, the United States, and Canada. From 1980 to 1992, he was employed by Kerr Addison Mines Limited, a Noranda group company in various management positions, the last being Vice-President, Corporate Development. From 1992 to 1993, Mr. Bojtos was the President and Chief Executive Officer of Consolidated Nevada Goldfields Corporation, which operated precious metal mines in the United States. From 1993 to 1995, he was Chairman and Chief Executive Officer of Greenstone Resources Limited, a company which was developing gold mines in Central America. For the past twelve years, Mr. Bojtos has been an independent director of several mining and exploration companies. He has been a director of the Company since 1996.
• Juvenal Mesquita Filho, Director
  Mr. Filho is a senior officer of SEMC with over 30 years of business experience in Brazil with particular emphasis on financial administration. He holds a degree in economics from the University of Sao Paulo and, in addition, has completed post-graduate studies in business administration and finance at the London Chamber of Commerce and Fundacao Getulio Vargas. Mr. Mesquita Filho is also a Director of Yamana Gold Inc.
• Robert Lord, Director
  Mr. Lord is President of Captaur Investments Limited, an investment holding company. Mr. Lord is a Chartered Accountant and was a partner of Ernst & Young LLP and its predecessors. After retiring from his position as Vice-Chairman of Ernst & Young LLP in 2000, he assumed the position of Chairman of the Canadian Institute of Chartered Accountants until June 2002. Mr Lord is also a director of Mackenzie Financial Corporation, Chairman of the Board of Directors of MTI Global Inc., a director of Coretec Inc., and a Trustee of Legacy Hotels Real Estate Investment Trust.

  Antenor Silva Junior, Director
  Mr. Silva is the President of Yamana Gold Inc. As a mining and metallurgical engineer with 39 years of industry experience, with particular emphasis on the development of mining projects in his native country of Brazil, Mr. Silva brings considerable expertise to Vaaldiam. He also has extensive experience in the fields of project management and finance. Mr. Silva’s career to date includes senior management positions held with SEMC, Serrana, CMP(TVX) and a major Brazilian engineering company under contract to CVRD, Petrobras, Anglo American, Rio Tinto and others. Mr. Silva currently holds the position of Chief Operating Officer of Yamana Gold Inc. of which he is also a Director.

• Kenneth W. Johnson, Chairman and C.E.O
  Mr. Johnson has 25 years of international mining and mineral exploration experience, with a specific focus on diamond exploration. He has been involved in the planning, financing and implementation of kimberlite and alluvial diamond exploration and development programs in Brazil, South Africa, Canada and Central Africa. He has also been involved in the evaluation of a number of diamond deposits in the Democratic Republic of Congo, Cameroon, Sierra Leone, and Venezuela. He possesses extensive knowledge of the exploration for and recovery of diamonds and is also experienced in the grading and valuation of rough diamonds, holding a diamond grading certificate from International Diamond Education & Consulting of South Africa. He has a significant amount of experience in equity markets and has been directly responsible for over $20 million in equity financing for Vaaldiam during the past three years. Mr. Johnson holds a Bachelor of Science degree in geology from the University of Windsor, and is a Member of the Canadian Institute of Mining and Metallurgy, Toronto Branch. He is a Past-Director (1999-2001) of the Prospectors and Developers Association of Canada.
• Sam Randazzo, Vice President – Business Development and Director
  After almost 4 years as Executive Director of Elkedra Diamonds, Mr. Randazzo has joined the Vaaldiam team as Vice President Business Development. Mr. Randazzo is a Chartered Accountant with over 25 years professional experience including six years with Arthur Young in Australia. Since 1991, prior to joining Elkedra, Mr Randazzo was an independent consultant to a number of companies, predominantly operating in the resources sector. He first visited Brazil in 1997 and over the past nine years has developed a thorough understanding of the law, customs and mineral resource opportunities of that country. He was responsible for identifying the potential of the Chapada Diamond Mine and led the Elkedra team from grassroots through to production on that project.

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