FROM EXPLORATION TO MINING - A EUROPEAN NICKEL PRODUCER

Key Points

• 2500 tonne per annum Nickel producer
• Two Nickel Copper mines in operation
• Strong internal growth prospects - through solid pipeline of development projects
• Finland focused
• Developing gold projects

Milestones 2008

• Särkiniemi Underground Nickel mine commissioned

Breaking News

• Belvedere commences 5,000 m diamond drilling programme on their Hirsikangas Gold Property
• Belvedere increases reserves by 156% at the Hitura Nickel Mine
• Belvedere Commences Underground Production at Sarkiniemi West Nickel Mine
• Belvedere intersects 2.25 % Nickel over 20.93 metres at North Hitura
• Vesa-Juusi Pentilla, Belvedere Director wins Nordic Exploration Award

Current Activities

• First ore shipments from Särkiniemi West underground.
• Resource estimate underway for the Angesneva gold project
• 3.5 million euro ($CAN 5 M) exploration programme underway at Hitura Mine
• Infill drilling underway on Valkeisenranta nickel deposit

Download Hitura Drill Plan here
Download Valkeisenranta 3D model here
Download Angesneva Drill Plan here
Download Angesneva Long Section here