DEVELOPMENT OF A WORLD CLASS ZINC-COPPER OXIDE PROJECT

November 2011

Forward Looking Statements This presentation may contain "forward-looking" statements within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or the anticipated performance of the Company and reflect management's expectations or beliefs regarding such future events and anticipated performance. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved", or the negative of these words or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or implied by the forward-looking statements. Such factors include various risks related to the Company's operations, including, without limitation, fluctuations in spot and forward markets for zinc, copper and other metals, fluctuations in currency markets, changes in national and local governments in Mexico and the speculative nature of mineral exploration and development, risks associated with obtaining necessary exploitation and environmental licenses and permits, and the presence of laws that may impose restrictions on mining. A complete list of risk factors are described in War Eagle's management information circular for its special meeting to approve the reverse-takeover transaction with the Company and will be detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which will be available, for review on SEDAR at www.sedar.com.

This presentation uses the terms "measured resources", "indicated resources" and "inferred resources". The Company advises readers that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101")), the United States Securities and Exchange Commission does not recognize them. Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted in to 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 NI43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that described in forward-looking statements, there may be other factors that cause its performance not to be as anticipated. The Company neither intends nor assumes any obligation to update these forward-looking statements or information to reflect changes in assumptions or circumstances other than required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those currently anticipated. Accordingly, readers should not place undue reliance on forward-looking statements.

Unless otherwise indicated, financial amounts are denominated in Canadian dollars (“$”). Amounts expressed in United States dollars are indicated by “US$” or “US¢”.

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Investment Highlights

World-class zinc project

Recently formed private company focused on the commercialization of the Terrazas Zn-Cu oxide project near Chihuahua City, Mexico

One of only a few world-wide zinc oxide projects that has the economies of scale to support a standalone hydrometallurgical facility Comparables include Skorpion, Boleo and Jabali

High grade open-pittable

resource

NI 43-101 compliant M&I resource of 2.6 billion lbs Zn and 638 million lbs Cu Discrete M&I resource of 1.9B lbs Zn at 3.17% Zn and 189 M lbs Cu at 0.30%

Cu at the high grade Cerro Verde zone All to be mineable by open pit

Significant low-cost zinc production

Expected zinc cathode production between 100 and 125 M lbs per year Expected copper production between 8 and 10 M lbs per year Potential for a +40 year mine life with known additional sources of feed Cash costs expected to be <US$0.30/lb Zn due to copper credit

Major milestones

ahead

Completing an RTO with War Eagle Mining Andromeda’s immediate focus is to continue optimization of the Terrazas

Project followed by the completion of a feasibility study Progressing towards production

Project Location

Easy access to rail, power lines, and water

No ejidos on the property Surface rights on the Cerro Verde ore body are under purchase rights

option agreements with Andromeda

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Project Infrastructure

Significant infrastructure in place

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Terrazas Project History

Early 20th century

1980s

2000

2002

2004

2007

2008

Historical copper producer, including an on-site

smelter in the early part of the 20th century

Shallow zinc mineralization defined

Optioned by Constellation Copper

Constellation completed a pre-feasibility study

based on an acid heap leach

Discovered high grade zone at Cerro Verde

The discovery of the high-grade Cerro Verde deposit and further studies indicated improved

economics with an agitated leach, and a scoping study was completed in 2007

Constellation Copper was embarking on a feasibility study on Terrazas, when it went into

receivership in 2008, due to its Lisbon Valley operations, and the project reverted back to the

project vendor due to the final missed property payment. Total project expenditures by

Constellation Copper exceeded US$15 million

2010 Andromeda entered into agreement to acquire Terrazas for cash consideration of US$5.0

million payable in installments over two years and a 2% NSR, sliding up to 3% at US$2.00/lb Zn

Past-producing mine with extensive economic analysis completed

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Terrazas Project Overview

Located close to the city of Chihuahua

Project site has extensive infrastructure in

place, including railway, power, water, and

a nearby four-lane highway

Allows low cost delivery of acid or sulfur

for manufacture of acid

Contains the high grade Cerro Verde zone

M&I resource of 1.9 billion lbs Zn at

3.17% and 184 million lbs Cu at 0.30%

Looking west from Cerro La Gloria towards Terrazas Demonstrated resource, no exploration risk

Project was previously optioned to Constellation Copper

Spent ~US$15 million on exploration and economic studies over

an 8 year period to 2008

Although a 2007 Constellation Copper scoping study was never

formally published, the agitated sulfuric acid leach study was

positive enough to lead Constellation Copper directly into a

feasibility study

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Terrazas Project Overview The mine life at Cerro Verde and the Main

Zone is likely to exceed 20 years Could exceed 40 years with the addition

of satellite deposits and slag piles

Extensive testwork shows zinc recovery at ~90% and copper recovery at ~75% using conventional sulphuric acid leaching

Final products would be Zn cathode and an intermediate Cu product

100 – 125 M lbs Zn / year

8 – 10 M lbs Cu / year

Long-life, low cost production potential

Potential for low pre-production and operating costs

Cash costs expected to be low at <US$0.30/lb Zn due to the copper credit

Capital costs are expected to be manageable for a junior to solely finance

into production

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Terrazas Acquisition Terms Title transfer after US$5.0 million in payments

US$1.2 million paid to date.

2.0% NSR, sliding up to 3.0% at US$2.00/lb Zn

2Q-2010 Payment of US$1.0 million

Dec. 15, 2011 US$2.0 million payment

($200,000 advance payment paid Sept. 30)

May 31, 2012 US$2.0 million payment on second anniversary

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Terrazas NI 43-101 Resources Andromeda completed an updated NI 43-101 resource estimate in October 2011

The resources are contained in a floating cone pit shell, developed only to satisfy the criterion of potential recoverability

The expected strip ratio for Cerro Verde is between 3:1 and 4:1

At US$1.00/lb Zn and US$3.15/lb Cu, the Zn Eq Cerro Verde M&I grade is 4.0%1 or US$88/tonne ore

1. Also considers difference in recovery. At 4:1 Cu:Zn price ratio, in situ Zn eqiv grade for M&I is 4.36%

2. 0.89% Zn Eq Cut-off using US$1.00/lb Zn and US$3.15/lb Cu

3. 0.94% Zn Eq Cut-off using $1.00/lb Zn and US$3.15/lb Cu

Cerro Verde Zone2

Tonnes Zn Grade (%)

Cu Grade (%)

Zn Eq Grade (%)

Cu Eq Grade (%)

Zn (M lbs)

Cu (M lbs)

Measured 3.9 3.66 0.31 4.5 1.21 311 27

Indicated 23.9 3.09 0.30 3.9 1.07 1,628 157

Total M&I 27.8 3.17 0.30 4.0 1.09 1,939 184

Inferred 4.3 1.99 0.34 2.9 0.84 189 32

Main Zone3

Tonnes Zn Grade (%)

Cu Grade (%)

Zn Eq Grade (%)

Cu Eq Grade (%)

Zn (M lbs)

Cu (M lbs)

Measured 23.5 0.60 0.41 1.8 0.56 313 211

Indicated 29.2 0.61 0.38 1.7 0.53 393 243

Total M&I 52.7 0.61 0.39 1.7 0.54 705 454

Inferred 2.3 0.77 0.40 1.9 0.59 39 20

Section 100NW

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Section 850NE (Cerro Verde)

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Terrazas NI 43-101 Block Model

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Drill Highlights

Cerro Verde Drill Results

Significant drill hole oxide intersections

Significant oxide intersections have been drilled at the Cerro Verde zone

Exploration upside exists, including additional skarns and possible “hidden” porphyry

Hole ID From (m)

To (m)

Intercept (m)

Copper (% Cu)

Zinc (% Zn)

MT04-16 79 103 24 0.23% 5.02%

MT04-17 19 169 150 0.49% 5.67%

MT04-18 58 223 165 0.35% 4.25%

MT04-73 22 160 138 0.38% 7.46%

MT04-76 130 295 165 0.44% 7.60%

MT04-77 64 229 165 0.36% 3.43%

MTDD04-11 45 105 60 0.60% 7.12%

and 213 297 84 0.31% 4.17%

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Terrazas Site from the West

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Predominant Mineralogy

All mineralization on the Terrazas property is almost entirely comprised of

oxide minerals of zinc and copper.

Zinc Minerals Copper Minerals

• Hemimorphite

• Willemite

• Smithsonite

• Sphalerite

• Malachite

• Chrysocolla

• Tenorite

• Chalcopyrite

ZINC MINERALS COPPER MINERALS

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Simplified Terrazas Flow Diagram The following flowsheet was developed by Constellation Copper as a basis

for conceptual capital and operating cost estimates

Tecnicas Reunidas S.A., which designed Anglo American/Vedanta’s Skorpion Zinc Refinery in Namibia provided significant input for this estimate and offered metallurgical

Although the flowsheet shows a viable process, Andromeda believes that there is significant optimization potential

Project Development and Optimization

Andromeda will focus on optimizing the Terrazas Project in advance of completing a definitive feasibility study.

Optimization will include:

1. Flowsheet optimization

2. Investigate the use of pre-concentration such as optical sorting techniques, flotation and dense media separation

3. Identification of other potential high-grade satellite deposits including skarns, carbonate replacement and a porphyry as possible targets

4. Identification of additional sources of metal (e.g. slags)

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Project Timeline

Multiple near-term milestones

3 months PEA based on current and historical data

7 – 9 months Lab testwork and prefeasibility study to define

project economics after optimization

12 – 15 months Process pilot plant and feasibility engineering

COMPLETE Update 43-101 resources report

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Valuation Comparable zinc exploration and development companies are currently trading at Market Cap /

Resource multiples of US¢2.05/lb Zn and US¢1.24/lb Zn Eq.

Implies a market cap for Andromeda of between US$33 and US$40 million based on Terrazas’ high grade M&I resource only, and between US$59 and US$70 million based on the total MI&I Terrazas resource

Market Cap / Resource – Comparable Zinc Companies Attributable Resource

Company Market Cap1Key Project Location Stage Zn Zn Eq. Market Cap / Resource

(US$M) (M lbs) (M lbs) (US¢/lb Zn) (US¢/lb Zn Eq.)

Selwyn Resources Ltd. $90 Selwyn Project Yukon, Canada Feasibility 21,634 26,722 0.41 0.34

Silver Bull Resources, Inc. $77 Sierra Mojada Mexico Adv. Exploration 6,437 10,671 1.20 0.72

Canadian Zinc Corporation $87 Prarie Creek NWT, Canada Feasibility 3,032 6,828 2.86 1.27

Canada Zinc Metals Corp. $78 Akie British Columbia Adv. Exploration 3,953 4,695 1.97 1.66

Zazu Metals Corporation $60 Lik Alaska, US PEA 2,312 3,300 2.59 1.82

Zincore Metals Inc. $52 Accha Peru Pre-Feasibility 2,184 3,113 2.38 1.67

Chieftain Metals Inc. $41 Tulsequah B.C., Canada Pre-feasibility 1,084 3,456 3.78 1.19

Foran Mining Corp. $39 McIlvenna Bay Saskatchewan, Canada Adv. Exploration 1,737 2,915 2.27 1.35

Donner Metals Ltd. $35 Bracemac-McLeod Quebec, Canada Feasibility 542 852 6.51 4.14

Tamerlane Ventures, Inc. $11 Pine Point NWT, Canada Feasibility 2,311 2,975 0.48 0.37

Messina Minerals, Inc. $4 Tulks South Newfoundland, Canada Adv. Exploration 312 746 1.16 0.49

Minco plc $17 Pallas Green Ireland Adv. Exploration 1,012 1,142 1.65 1.46

Firestone Ventures Inc. $7 Torlon Hill Guatemala Pre-Feasibility 331 432 2.18 1.67

Average (excluding high/low) 2.05 1.24

Implied Market Cap of Andromeda Resources

Terrazas High Grade MI&I Resources (M lbs) 1939 2,674

Applied Market Cap / Resource Average (US¢/lb) 2.05 1.24

Implied Market Cap of Andromeda (US$M) $40 $33

Total Terrazas MI&I Resources (M lbs) 2872 5,633

Applied Market Cap / Resource Average (US¢/lb) 2.05 1.24

Implied Market Cap of Andromeda (US$M) $59 $70

*1. Based on share prices as of October 31, 2011 2. Zn Eq. calculated using US$1.00 /lb Zn and US$4.00/lb Cu

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Case Study: Skorpion Zinc Mine On-site production at Terrazas will be

very similar to the successful Skorpion

Zinc Mine in Namibia Terrazas and Skorpion are two of the

few zinc oxide projects in the world

that have the economies of scale to

support a standalone

hydrometallurgical facility

Formerly operated by Anglo American,

the Skorpion Zinc Mine commenced

commercial production in May 2004 and

had achieved 95% of its design capacity

by year-end Tecnicas Reunidas S.A, who desgined

Skorpion’s zinc refinery, provided

significant input into the Terrazas

design

Skorpion Zinc Mine in Namibia, southern Africa

Vedanta Resources acquired the Skorpion Zinc Mine from Anglo American

in 2010 for approximately US$707 million

Only 5.5 years after initial production

Comparable total metal content, proved the process, and sold at a

significant value

Zinc Market Environment Zinc is well-positioned to outperform over the next three to five years

Continued growth in demand, scheduled closure of several globally significant zinc operations, and a lack of investment in new projects capable of filling the widening supply gap

Supply deficit expected in 2014 → will apply significant upwards pressure on zinc prices

Zinc industry will need to develop 7 Mt by 2020 and 14 Mt by 2025 to meet expected demand

(6.0)

(5.0)

(4.0)

(3.0)

(2.0)

(1.0)

0.0

1.0

2.0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

10.0

11.0

12.0

13.0

14.0

15.0

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Consumption (Mt) Production (Mt)

(442) Kt

(716) Kt

(1,310) Kt

(1,720) Kt(1,884) Kt

2013 2014 2015 2016 2017

Supply Deficit on the Horizon Significant Production Coming Offline

Major Mine

Closures

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Share Structure

Current Share Structure

Shareholder # Shares Value at $3.00/share

Founders 2,000,000 $6,000,000

Private Placement 325,000 $975,000

Consideration to Vendor 75,000 $225,000

War Eagle Investment 500,0001 $1,500,000

TOTAL 2,900,000 $8,700,000

Post-RTO and Financing Share Structure

Shareholder # Shares Value at $0.45/share

Current Andromeda

Shareholders

16,000,000 $7,200,000

War Eagle Shareholders 7,442,272 $3,349,022

Financing2 22,222,222 $10,000,000

TOTAL 45,664,494 $20,549,022

Financing

$7- $10 million equity raise to progress Terrazas

Financing will cover the balance of

acquisition costs

Financing will be completed in Andromeda

shares resulting in free trading stock

Andromeda’s vision is to use the most

reputable engineering and environmental

firms, and develop a strong management,

board and advisory group

Budgets

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Size $7 - $10 million

Cash Requirement to

Feasibility

$12 - $15 million

Use of Proceeds Feasibility study,

permitting, pilot plant

construction

Financing

To Process and Cost Definition Stage

~$4.25M

To Feasibility and Permitting Stage

~$9.00M

Management and Directors

Chris Davie | CEO and Director

Mining engineer and metallurgist with 40 years experience in the mining industry. Background includes process development, project management and investment fund and corporate management. Extensive junior mining experience including finance, mergers, acquisitions and IPO’s. Managed a number of juniors including Queenstake Resources, Virgin Metals and Quia Resources.

Andres Tinajero | CFO

15 years of experience across a broad range of industries including mining, manufacturing, not-for-profit and retail. He has served in a number of leadership roles in the extractive industries

Rene Mladosich | Mexico Manager and Director

20 years + experience in mine and project management in Mexico. Experience includes permitting, environmental and community relations management. Former positions include logistics manager for the Dolores project, general Manager of the Starcore project in Queratero and Country manager for Alamos de Sonora

David Winfield | Director

Canadian diplomat specialized in trade and economic affairs. 30 years experience including Canadian Ambassador to Mexico 1989 to 1995. International experience in leadership and corporate governance in financial services. Served on boards of directors of not-for-profit organizations, a mining company in Mexico and Mexico’s largest bank, Bancomer.

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Management and Directors

Anthony Dutton | Director

A seasoned business executive and entrepreneur with a successful track record as an early stage investor and business founder. His areas of expertise are corporate finance, business development and strategic management.

Brian Murray | Director

Mr. Murray has over 15 years of experience in both the resources and investment markets. Mr. Murray is the president and a director of Nebu Resources Inc., a TSXV listed company exploring for gold in Ontario and president and a director of Rainbow Resources, a company exploring for silver and gold in British Columbia. Mr. Murray has also been the President of Murcon Ltd., a private financial consulting company involved in merchant banking, since 1990. He is a Chartered Accountant and holds a Masters degree in Business Administration

Gary Parkison | Advisor

A QP with 30 years experience in exploration, project evaluation and project development for base and precious metals, primarily in US and Mexico. Chief geologist for Cambior, USA and VP exploration for Constellation Copper Corporation. Discovered the Cerro Verde ore body and was responsible for ongoing economic studies on Terrazas.

Rick Moscone | Corporate Secretary

A partner with Fogler Rubinoff LLP specializing in financing and M&A for mining companies and investment dealers. A founding director of Andromeda and has served as director and secretary for several TSX and TSXV listed companies.

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Summary

Potential for annual production of 100 – 125 M lbs Zn and 8 – 10 M lbs Cu

Mine life of +/– 20 years with additional known sources of feed that could extend it to 40 years

Significant

production

potential

World-class

opportunity

Extraordinary opportunity to invest in an advanced property with a proven resource and excellent infrastructure

PEA within 3 months

Process optimization ongoing

Prefeasibility study within 7 to 9 months

Major

near-term

milestones