Advancing African Projects

September 11, 2008

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Disclaimer

Except for historical information, this presentation contains forward-looking statements, which reflect the

Company's current expectation regarding future events. These forward-looking statements involve risks and

uncertainties, which may cause actual results to differ materially from those statements. Those risks and

uncertainties include, but are not limited to, changing market conditions, and other risks detailed from time-to-time in the Company's ongoing filings. We undertake no

obligation to publicly update or revise any forward-looking statements, whether as a result of new

information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking

events in this presentation might not occur.

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MagIndustries – AGM 2007

Hydroelectric Developments (DRC)

Forest Products (Eucalyptus)(ROC)

Kouilou Potash Project(ROC)

Magnesium Alloys(ROC)

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MagIndustries at a Glance

Developing major industrial projects in– Republic of Congo (ROC)– Democratic Republic of Congo (DRC)

Achievements are driving shareholder value

Canadian-based:– TSX-V: MAA, market cap ~C$600M

4% owned by management, directors– ~75% institutional including Fidelity, Ospraie, Enso,

Blakeney, L-R Global

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Track Record Demonstrates Competencies

Secured MagMinerals mining license

Successfully raised capital: US$240M (last 12 months, at the parent and subsidiary level)

Successful forestry operations and chip mill start-up

Advancing decisions with global brand name partners– E+PC; BNP Paribas; Ameropa AG; EIB; IDC– Mitsui; Forestales

Recent Milestones

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Agenda

TheProjects

TheFuture

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The MagIndustries story is about…

Exciting Resource Projects in Central Africa

Exceptional Returns

Potash forthe world

First new entrant to potash industry– with unmatched

competitive advantages

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MagMinerals

Significant Progress in Advancing Project

Total years of production > 100

Final SNC Lavalin feasibility report Feb 2008

Planned production (tpy) Phase I (2011) 600,000

Planned production (tpy) Phase II (2013) 1,200,000

43-101 Measured, Indicated and Inferred Resource1 Billion tons

Capital raised in MagMinerals (pvt.pl.) April 2008

US$100M

Willy Verbrugghe appointed as MagMinerals CEO

May 2008

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Kouilou Potash Project

Key characteristics of planned mine 600,000 tonne annual capacity; est. cap cost US$723M Production costs projected to be in the bottom quartile Phase II adds 600,000 tonnes; est. cap costs US$500M First production estimated Q2 2011 10% free carried interest granted to ROC Government

Marketing Ameropa AG: marketing partner for 100% of production under

“bankable” offtake agreement

Next steps Project financing is well advanced; strong expression of interest

from debt providers: Debt and equity financing expected to close Q4 2008

Construction startup Q3 2008, Commissioning Q4 2010

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DRC

ROC

Angola

Gabon

BRAZZAVILLE

KINSHASA

Pointe-Noire

Kouilou Potash Project

Competitive Advantages

Exclusive rights to one of world’s largest carnallite depositscarnallite potash

Low cost solution mining + low cost energy one of lowest cost producersLocation advantage near port (16 km existing rail line)Shortest Shipping distance to key markets. US$66/tonne delivered cost advantage to Brazil versus Saskatchewan suppliers.

Proposed plant site

Best deepwater port in west-central Africa

Pointe-NoirePointe-Noire

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The MagIndustries story is about…

Exciting Resource Projects in Central Africa

Exceptional Returns

Chips Ahoy!

Sustainable, renewable wood fibre producer

Strong Competitive Advantages

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MagForestry

Proven Business Model in Africa

Two stage acquisition of 100% ownership for cash and shares (US$6M)

Installation of experienced Canadian Forestry Management Personnel

US$10M invested in forestry operations

US$25M invested in chip mill – completing commissioning

2007 revenues US$9.5M2008 est. revenues US$20M2009 to 2013 est. revenues US$352014 est. revenues US$80M

Acquisition ExecutionReturn on

Investment

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MagForestry Accomplishments and Outlook

Accomplishments Built the team Upgraded equipment, increased mechanization Expanded the tree nursery and planting operations Built a strong relationship with the community

Chip sales contracts signed Mitsui shipping contracted Chip mill now commissioned and in production Sales (net of shipping) of US$20ME. Positive cash flow Increased area under cultivation

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MagForestry Pointe Noire Chip Mill

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MagForestry Pointe Noire Chip Mill

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MagForestry Kissoko Tree Nursery

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The MagIndustries story is about…

Exciting Resource Projects in Central Africa

Power for theCopperbelt

Restoring capacity to one of the world’s lowest cost power producers

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INGA Projects: Planned Scope of Work

Phase 1: Emergency work to maintain current output– cost US$25M, work started Q2, 2006– revenues from sale of 84 MW annually starting Q2 2009– Subcontractor: Franco Tosi (Italy)

Phase 2: Rehabilitate 4 INGA II turbines– cost US$140M– MagEnergy to market 25% of restored capacity (i.e., 164 MW)

Status: Ratification process continues; timing uncertain

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Busanga

As DRC’s first Independent Power Producer secured rights

Busanga is 2nd largest hydro site in DRC after INGA (250 MW potential)– Feasibility study underway– adjacent to Katanga Copperbelt– connected to the South African

Power Pool grid Status: Review of project

construction and financing consortium in 2008

Congo River

DRC

Zambia

KINSHASA

CopperbeltAngola

ROC

INGAhydroplant

1,100 MW DC lineBusanga

Zongo 2

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The MagIndustries story is about…

Exciting Resource Projects in Central Africa

Exceptional Returns

Magnesium Automotive Engineers’“Light Metal of Choice”

Key to achieving vehicle mileage targets

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MagMetals

Project Status Purchase of technology and

equipment from Norsk Hydro Decision to proceed will follow

successful startup of MagMinerals potash plant

Construction start potentially in 2011

First production potentially 2014

Key Characteristics Planned capacity of 60,000 tonnes per year Potential to be lowest cost magnesium metal producer in the

world: low cost MgCl source; low cost electricity and natural gas

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TheProjects

TheFuture

MagIndustries – Looking Forward

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Chip Mill at full efficiency

Key Milestones Next 3-12 Months

Will drive shareholder value

One refurbished turbine running on commercial basis

Potash project financedand construction started

Update business plan and project timing

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MagIndustries 4-6 Years Out

MagMinerals Potash plant Phase I and II in operation – annual revenues on 1.2 million tonnes per year

MagEnergy: most turbines refurbished and operating MagForestry: annual wood chip sales double from

US$35M to US$70M Construction start for 60,000 tpy magnesium plant Decision to proceed with greenfield hydro projects Decision to proceed with MDF (fiberboard) plant

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Management Team & Board of Directors

William B. Burton, Founder, President & CEO, Director MagIndustries. BSc Honours Economic Geology, 30 years global experience in identifying and developing mineral properties. 12 years with RTZ.

Stéphane A. Rigny, Exec. VP & Director MagIndustries, MBA Finance, family history with ROC, 11 years of project and finance experience in francophone Africa, with Rand Merchant Bank (e.g.; $400M project finance in the ROC and the DRC).

Bryan Benitz, Chairman and Director since 1999, England. Private investment advisor specializing in financing junior resource companies. Independent Director.

Richard Linnell, Director, Johannesburg. Geologist, 35 years African resource industry. Previously Regional Director, African Exploration and Development for Billiton; Director of BHP Billiton (SA) Ltd. Independent Director.

Gerard Munera, Director since 2003, United States. Long history in the mining and metals industry as Senior Executive Officer, notably with Union Miniere, Pechiney, RTZ, and Minorco. Independent Director.

Mustapha Niasse, Director, Former PM of Senegal, Key negotiator in Sun City Peace Accord which resulted in the power sharing Government for the DRC. Close friend of President Kabila. Independent Director.

Gary E German, Director since 2003, Canada. Engineer, extensive experience with Noranda and others developing mining assets globally. Independent Director.

Victor Wells, Director, Chairman of the Audit Committee. 30 years financial management with resource companies. Independent Director.

Willy Verbrugghe, CEO MagMinerals. 35 years experience with major project development and management.

Mike Edwards, VP Projects. 35 years experience planning and building major resource projects in Africa.

Achim Strauss, VP Engineering & Development. Mechanical engineer, 6 years with Salzgitter Anlagenbau GmbH principally evaluating magnesium projects. Over 11 years of experience in business and project development.

Georges Kyriakos, VP Development MagEnergy Inc., Johannesburg, SA. Engineer, Extensive business operating experience in Africa especially in the DRC. Widespread network of political contacts in Central Africa.

Dan Orlando, VP MagForestry. Pointe Noire. 25 years experience in management and operations in the Canadian Forestry Industry.