LMA-TSX

A Growing Presence in Africa

November, 2009

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LMA-TSX

DisclaimerCertain information contained or incorporated by reference herein, including any operating performance of La Mancha Resources Inc. (“La Mancha”), constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words “projected”, “attributable”, “potential”, “will” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by La Mancha are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in the spot and forward price of gold or certain other commodities; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada or other countries in which La Mancha does or may carry on business in the future; business opportunities that may be presented to, or pursued by, La Mancha the ability to successfully integrate acquisitions; operating or technical difficulties in connection with, mining or development activities; the speculative nature of gold exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; adverse changes in the credit rating; and contests over title to properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect the actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, La Mancha. You are cautioned that forward-looking statements are not guarantees of future performance.

This presentation uses the terms “inferred resources” and “measured & indicated resources”. La Mancha advises you that these terms are recognized by Canadian securities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”). You are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a preliminary assessment as defined under NI 43-101. You are cautioned no to assume that part or all of an inferred resource exists, or is economically or legally mineable. The Hassaï conceptual estimate of potential tonnes and grade to date for the third to sixth targets has insufficient exploration to define a mineral resource compliant with National Instrument 43-101.

The information contained herein is confidential and does not constitute a recommendation by La Mancha its agents or any vendor party nor does it form the basis of any contract or offer for the sale of the business of gold exploration, development and mining. The recipient of the information contained herein agrees that the information is to be considered confidential and proprietary to La Mancha and shall hold the same in confidence, shall not use it other than for the purposes of its business with La Mancha and shall disclose it only to its officers, directors, or employees with a specific need to know. The recipient will not disclose, publish or otherwise reveal any of the confidential information contained herein to any other party whatsoever except with the specific prior written authorization of La Mancha.

The information contained herein may not be published, distributed or transmitted without La Mancha’s formal approval and does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities.

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In a nutshell

*As of September 30th, 2009

We are a gold producer We generate cash We have cash on hand

C$26.5 M operating cash flow*Up to 100,000 oz expected in 2009 C$21.5 M in cash and short term investments*

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LMA-TSX

Overview of La Mancha3 gold mines in operation

1 advanced gold project

Sizeable VMS project (scoping study phase)

30 exploration projects

Listed on the TSX

Market capitalization of CAD256M*

Shares outstanding: 142 million

* As of November 23rd, 2009

La Mancha is an international gold producer with over 37,500 km2 of promising exploration tenements in Africa

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557

454

340473

9-monthsended sept 30,

2008

9-monthsended sept 30,

2009

9-monthsended sept 30,

2008

9-monthsended sept 30,

2009

Operational Performance – 9 months

9-monthsended sept 30,

2008

9-monthsended sept 30,

2009

70,710

50,565

Operating cash flow ($’000)

+40%

986

26,466

+2,584%

Attributable Gold Production

(oz)

+3%RealizedGold price

Margin Expansion(US$/oz)

Cash

cos

t M

argi

n

-18%

+39%

Greater operating efficiencies and greater production levels lead to increased cash flows

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Gold Mining Pioneer in Africa // Côte d’Ivoire– Ity Mine // Sudan – Hassai Mine

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Gold Mining Pioneer in Côte d’Ivoire and Sudan

La Mancha is proud to be a positive influence in the countries in which it operates

As an African mining pioneer, over the past decades we have:

Established strategic partnerships with local governments Built strong ties with the local populationAccumulated vast geological, mining, and managerial experienceGained a competitive advantage

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LMA-TSX

Quick Facts

Attributable reserve 167,757 oz *

Ore processing Heap Leaching

LMA ownership 45.9%

Mine type Open pit

* As of Dec. 31st 2008** For the First 9 months ended Sept 30th 2009 and Sept 30th 2008

Reserve grade 5.17 g/t Au*

Cash cost**: ‘09 I ‘08 358 vs. 462 US$/oz

Attributable Production

2009YTD 18,405 oz 2009E 23,000 – 28,000 oz

Côte d’Ivoire – Ity Mine

CÔTE D'IVOIRE

AFR ICA

Gold grade**: ‘09 I ‘08 4.6 vs. 4.0 g/t Au

Inaugurated in 1991, the Ity mine has produced over 600,000 ounces to date

Increased M&I resources by 50% in 2008

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Côte d’Ivoire Creating a mining complex of critical mass

Located along one of six northeast-southwest trending volcanic belts in the Birimian System that straddles Ghana and Côte d’Ivoire.

Early exploration results: confirmed the potential of at least two geochemical anomalies

established several similarities with the Ashanti belt in Ghana

Best intersections include: Trenches■ T 12: 21 m @ 2.61 g Au/t, including 1m @ 7.7 g Au/t (true width: 13.5 m)

Drill holes■ 7.0 m @ 5.53 g Au/t at 25.2m,2 m

including 1.8m @ 12.5 g Au/t

■ 8.3 m @ 2.68 g Au /t at 41.9m,9 mincluding 1.0m @ 14.75 g Au/t

■ 1.0 m @ 18.55 g Au/t at 17.25 m

Permit LMA ownership

Surface(km²)

Ity 45.9% 372Fetekro 65% 307Katiola 100% 980Tiebissou 100% 400Sissedougou 100% 952Bondoukou 100% 544

Total surface 3,555

Second drilling campaign scheduled to take place in November 2009

Early exploration results confirm prospectivity at the Bondoukou property

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LMA-TSX

AFR ICA

Attributable reserve 169,432 oz**

Ore processing Heap Leaching

LMA ownership 40%

Mine type Open pit

* For the First 9 months ended Sept 30th 2009 ** As of Dec. 31st 2008

Reserve grade 5.02 g/t Au**

Cash cost: YTD*I 2009E 627 vs. 673 US$/oz

Attributable Production

2009YTD 17,975 oz

2009E 25,000 – 30,000 oz VMS target 1 of 6

Hassaï pit

Oxide

Supergene

Primary

Quick Facts

Inaugurated in 1992, the Hassaï mine has produced over 1.1 million ounces to date

Preparing for the future: VMS Project

Northeast Sudan - Hassaï Mine

Ore Transition: Oxide Tailings VMS

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Hassai VMS Video

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Socially Responsible Development

The Regional Development FundCreated by AMC in 1998

Supports community projects benefiting to the community living around the mine

Accomplishments to date:

7 schools

1 medical clinic

Water and Power supply

Transportation and Communication services

In October 2007, SDTF, a Washington based NGO responsible for reporting to American authorities on companies with commercial operations in Sudan, acknowledged La Mancha’s positive influence for the country.

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Building a prolific mining complex in Australia

Attributable reserve 402,647 oz **

Ore processing CIP

LMA ownership 51%

Mine type Underground

*For the 9 months ended Sept. 30, 2009** As of as at 1 April 2009*** All financial calculations are based on a gold price of US $810/oz and a USD/AUD exchange rate of 1.50 and exclude costs incurred prior to 2009

Reserve grade 5.02 g/t Au**

Cash cost: YTD* I 2009E 414 vs. 450 US$/oz

Attributable Production

2009YTD 34,330 oz 2009E 37,000 - 42,000 oz

Quick FactsFrog’s Leg Mine White Foil Advanced Project

White Foil Phase 1 Feasibility Study

Production:

Average grade (g Au/t) 2.41Gold reserves (in situ) 76,000 oz

Gold recovered 69,160 ozAnnual production rate 30,740 oz

Mine life (Phase 1) 2.33 years

Financials***:Initial capital cost CA$1.3M

Cash costs per ounce US 480/ozNPV @ 6% discount C$22.0M

White Foil production expected to start as soon as a satisfactory milling agreement is signed

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Where do we go from here? // Organic production growth potential // Organic resource growth potential

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0

30,000

60,000

90,000

120,000

150,000

180,000

210,000

2007A 2008A 2009E 2010F 2011F 2012F

Attrib

utab

le p

rodu

ction

(in

ounc

es)

Organic Production Growth

+ 30%

+ 40%

+ 30%

+ 20%

+ 20%

Wh

ite F

oil

Sta

rts

Fro

g’s

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g n

ew

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ea

se (

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pa

ds)

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i CIP

sys

tem

in p

lace

US

$4

85

/oz

US

$5

12

/oz

US

$4

97

/oz

La Mancha intends to continue to grow its production

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0.00

0.50

1.00

1.50

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2.50

3.00

3.50

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4.50

Dec 31, 2007A Dec 31, 2008A Dec 31, 2011E

Att

rib

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ble

Me

as

ure

d a

nd

In

dic

ate

d R

es

ou

rce

s

(in o

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Organic Resource Growth

Goal of re

aching 4M ounces

+ 34%

In 2008, Measured and Indicated resources increased 34% over previous year to 1.8 M ounces

2001 University St., Suite 400

Montreal, Quebec, Canada H3A 2A6

T : 514-987-5115 // F : 514-987-5119

Toll Free in North America:

1-877-987-5115

www.lamancha.caLMA-TSX

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LMA-TSX

Appendix // Third Quarter Financial Highlights // Operational Highlights // Market Information // Hassaï/Bisha Comparison

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Third quarter results

Three-month period ended Sept. 30, Nine-month period ended Sept. 30,

2009 2008Δ

2009 2008 Δ

Attributable production (in oz) 24,439 15,390 +59% 70,710 50,565 +40%

Revenues ($’000) 28,162 12,151 +131% 81,187 38,704 +110%

Realized sales price (USD/oz) 960 863 +11% 927 897 +3%

Cash cost (USD/oz) 422 529 -20% 454 557 -18%

Operating income ($’000) 6,018 (423) + 20,696 (1,336) +

Net earnings ($’000) 3,045 (1,638) + 12,622 (6,596) +

Operating cash flow ($’000) 8,829 1,821 +385% 26,466 986 +

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Third Quarter Financials

(unaudited) September 30, September 30, September 30, September 30,(All amounts are in CDN dollars unless otherwise noted) 2009 2008 2009 2008

RESULTS (consolidated,in thousands of $)

Revenues 28 162 12 151 81 187 38 704Cash flow from operating activities 8 829 1 821 26 466 986Net earnings (loss) 3 045 (1 638) 12 622 (6 596)

ATTRIBUTABLE GOLD PRODUCTION

Number of ounces produced 24 439 15 390 70 710 50 565Mine operating costs (US$ per ounce) 422 529 454 557

September 30 December 312009 2008

FINANCIAL POSITION (in thousands of $)

Cash and short-term investments 21 531 12 204Total assets 165 965 151 039Shareholders' equity 120 052 106 777Total number of shares outstanding (in thousands) 142 084 142 008

Third Quarter ended First 9 months ended

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Operational HighlightsGOLD PRODUCTION STATISTICS September 30 September 30 September 30 September 30

2009 2008 2009 2008

Frog's Leg (51%)²Attributable Production (ounces) 12 283 3 630 34 330 9 905Tonnage milled (t) 67 530 78 060 225 214 113 761Grade milled (g Au/t) 6,1 3,2 5,2 2,9Recovery rate (%) 93 90 93 92Cash costs (US$ per ounce) 358 n/a 414 n/a

Hassaï (40%)Attributable Production (ounces) 4 974 5 560 17 975 22 280Tonnage milled (t)³ 164 997 190 100 513 552 596 220Grade milled (g Au/t) 3,5 3,1 4,0 4,0Recovery rate (%) 68 73 68 73Cash costs (US$ per ounce) 750 677 627 629

ITY (45.9%)Attributable Production (ounces) 7 182 6 200 18 405 16 470Tonnage milled (t)³ 96 794 108 730 337 121 342 600Grade milled (g Au/t) 6,3 4,8 4,6 4,0recovery rate (%) 80 81 80 81Cash costs (US$ per ounce) 303 396 358 462

² Frog's Leg mine started its operations in May 2008³ On a 100% basis

For the 3rd quarter ended For the 9 months ended

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Listed on the TSXMarket Capitalization of C$256M*142M Shares outstanding (53M float)

YTD Volume: 53.8M shares*Average daily volume over past 90-days: 0.294M shares*

Market Information

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Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09*

* As of November 23rd, 2009

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Our VMS Potential

M&I resources are showninclusive of P&P reserves

Hassaï property (target 1&2) ¹ Nevsun’s Bisha property ²

KT Au (g /t) Ag (g/t) Cu (%) Zn (%) KT Au (g /t) Ag (g/t) Cu (%) Zn (%)

Oxide

(SBR)

P&P Reserves 3,725 2.06 - - - 4,016 7.99 32.8 - -

M&I Resources 4,335 2.06 - - - 4,800 7.02 30.2 0.09 0.08

Inferred Resources 2,750 2.00 - - - 0.1 2.85 17.5 0.03 0.02Supergene zone

P&P Reserves - - - - - 6,350 0.83 36.0 4.40 -

M&I Resources - - - - - 7,503 0.72 32.3 3.96 0.12

Inferred Resources 1,530 2.29 - 2.75 - 0.2 0.48 21.1 1.94 0.03

Primary zone

P&P Reserves - - - - - 9,713 0.76 54.0 1.14 7.21

M&I Resources 2,898 0.93 - 1.27 0.59 14,983 1.18 50.8 1.27 6.80

Inferred Resources 46,950 1.30 - 1.18 0.68 11,726 0.66 51.0 0.87 7.78

Supergene+

Primary

P&P Reserves - - - - - 16,063 0.79 33.5 2.43 7.21

M&I Resources 2,898 0.93 - 1.27 0.59 22,486 1.03 44.6 2.17 4.57

Inferred Resources 48,480 1.33 - 1.23 0.68 11,726 0.66 51.0 0.87 7.78¹ As at November 3rd, 2009. Using a long term gold price of US$750/oz, long term copper price of US$2/lb and a zinc price of US$1,911/t² As at October 5th, 2006. Using a long term gold price of US$400/oz, long term copper price of US$1.05/lb, a long term silver price of US$0.50/lba, and a zinc price of US$0.50/lb.

Tailings

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Bisha resource information

As at October 5th, 2006. Using a long term gold price of US$400/oz, long term copper price of US$1.05/lb, a long term silver price of US$0.50/lba, and a zinc price of US$0.50/lb.

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Bisha reserve information

As at October 5th, 2006. Using a long term gold price of US$400/oz, long term copper price of US$1.05/lb, a long term silver price of US$0.50/lba, and a zinc price of US$0.50/lb.