Moneta Porcupine Mines

TSX: METSX: ME1

Active Gold Exploration Along Prolific Destor, NE Ontario

TSX: ME

October 2009

Forward-looking Statements

This presentation contains forward-looking statements. All statements, other than statements of historical fact, that

address activities, events or developments that the Company believes, expects or anticipates will or may occur in the

future (including, without limitation, statements regarding exploration results, potential mineralization, future plans and

objectives of the Company and mineral resources) are forward-looking statements. These forward-looking statements

reflect the current expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the

Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are

realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects

TSX: ME2

realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects

on the Company. Factors that could cause actual results or events to differ materially from current expectations include,

among other things, uncertainties relating to the availability and costs of financing needed in the future, changes in

commodity prices, changes in equity markets, changes to regulations affecting the Company's activities, the uncertainties

involved in interpreting exploration results and other geological data and the other risks involved in the mineral exploration

industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by

applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement,

whether as a result of new information, future events or results or otherwise. Although the Company believes that the

assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of

future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty

therein.

Corporate Information

Stock exchange listings TSX: MEXetra/Frankfurt/Berlin: MOP

Share price range (52 week) $0.19 – 0.03

Recent price $0.16

Market capitalization

Moneta is one of the longest continuously-listed companies on the TSX…

TSX: ME3

Market capitalization $18 million

Shares outstanding 112.7 million

Fully diluted 125.9 million (7.8M options @ average $0.11 / 5.4M warrants @ $0.18)

Ownership by insiders 16.5 million

Cash on hand $2.1 million (Sep 1, 2009)

Corporate offices Timmins, Ontario

Debt outstanding Nil

…with no share consolidations in its 99 year history.

Board of Directors and Management

Management Directors:

• Ian C Peres, CA Over 15 years of experience in capital markets, resource President & CEO (Toronto, Ontario) sector, and retail and institutional financing

• Rod Whyte, B Econ, B Arts Over 35 years experience in all aspects of natural Chairman (London, England) resource sector

Independent Directors:

• Warren Bates, P Geo Senior VP of Pelangio Exploration (TSX: PDX); over 25

TSX: ME4

• Warren Bates, P Geo Senior VP of Pelangio Exploration (TSX: PDX); over 25 years of experience including the Abitibi Greenstone Belt

• Michael Coulson Experienced analyst and mining commentator

• Alex Henry, CA Financier and asset manager

• Charles Parsons, FCA Long international experience in resource sector

Management:

• Rainer Skeries, P.Geo. Over 20 years experience in Abitibi Greenstone belt Exploration Manager

• Francis Yungwirth, P.Eng., LLB Timmins-based lawyer and mining engineer Corporate Counsel

Regional Perspective

Gold mines along Destor have produced 72Moz; Moneta has 10 Destor projects…

O N T A R I O

Hemlo

0

BLACK FOX (GLIMMER MINE 0.21 Moz)

XSTRATA - KIDD CREEK MINE

AQUARIUS PROJECT (1.2 Moz)

STOCK MINE (0.13 Moz)

ROSS MINE (1.0 Moz)

HOLLOWAY MINE (0.9 Moz)

ST ANDREW GOLDFIELDS

HOLT-McDERMOTT MINE (1.3 Moz)

XSTRATA - KIDD CREEK METALLURGICAL COMPLEX

PAMOUR MINE 4.2 Moz

DOME MINE 15.7 Moz

6

45

3

2

HOYLE POND MINE 2.3 Moz

McINTYRE MINE (10.7 Moz)

HOLLINGER MINE (19.5 Moz)

km

10 20

Mafic/ultramafic volcanics

Major faults

Mineralization trends/zones

Mines - selected past/present (2006 production figures)

Timiskaming sediments locallywith banded iron formation

7

8

9

12

13

11

10

GOLDCORP (formally PJV)

km

2000

90 W

U. S. A.

Red Lake P Q

Noranda

Val d'Or

80 W

Detailed Map

LakeKirkland

Timmins

45 N

50 N

APOLLO GOLD

LAKESHORE GOLD

1 TIMMINS MINE

TSX: ME5 …with a current focus on the Golden Highway Camp.

GOLDEN

HIGHWAY

CAMP

Moneta Porcupine Mines

MICHAUD /

GARRISON /BARNET

DESTOR

KAYORUM

NORTH

TISDALE

DEST

OR

Timmins

NIGHTHAWK

LAKE

PORCUPINE CAMP

km

7

32

4

5

6

PORC

UPI

NE

ZONE

FAU

LT

HWY 101

9

8

GUIBORD

PIPESTONE FAULT

HWY 11

11

10

Matheson

kmU. S. A.

QU

EB

EC

TORONTO

ON

TA

RIO

HWY 10113

12 PORCUPINE FZ

Moneta / Acrex Ventures JV

Moneta / St Andrew Goldfields JV

GOLDEN HIGHWAY

PROJECT1

HWY 144

DENTON

Destor Porcupine Fault Zone (Destor)along Abitibi Greenstone Belt (Ontario)

• Goldcorp is advancing the large scale Hollinger open pit project

• adjacent to Moneta’s Kayorum property

• Lake Shore commenced production at Bell Creek and accelerating exploration in West Timmins

• West Timmins announces high grade intersections / receives full bid from Lake Shore Gold

The Destor is the Ontario section of the famous Abitibi Greenstone Belt...

TSX: ME6

• VG Gold announces good exploration results and welcomes Rob McEwen (Lexam) as new major shareholder

• Apollo Gold now in production at Black Fox and expands exploration program at Grey Fox

• St Andrew enters custom milling agreement with Apollo Gold and anticipates early production at Holloway and Hislop Mines, which are both:

• adjacent to Moneta’s Golden Highway Project

• Explor Resources and Temex Resources acquire additional exploration properties in Timmins area and increases regional exploration activity.

…which is in a renaissance with both new discoveries and corporate activity.

Porcupine Camp Properties

• Kayorum (100% - 52 claims)

• Between Hollinger (produced 19.1M/oz) and Dome Mines (17.1M/oz to date)

• Contiguous to both VG Gold project and Goldcorp Hollinger open pit project

• Includes Moneta Mine: former high grade producer (~150,000 oz @ 0.47 oz/t)

• Nighthawk Lake (100% - 121 claims)

• Collins Zone on Destor (Open: 500m strike X 300m depth)

Moneta’s four Porcupine Camp properties are adjacent to past gold producers…

TSX: ME7

• Collins Zone on Destor (Open: 500m strike X 300m depth)

• Conceptual low grade open pit (local high grade: 9.54 g/t over 5.75m)

• St Andrew Aquarius project is due east and Goldcorp Nighthawk Break deposits due south

• North Tisdale (100% - 166 claims)

• Located along North Mine Trend (north of Destor) near Lake Shore Bell Creek mine and Goldcorp Owl Creek project

• West Timmins ( 100% - 16 claims)

• Due southwest of West Timmins Thunder Creek discovery with Ni-Cu and gold potential

…and to other active gold exploration projects along the Destor.

Moneta’s focus: Golden Highway Project

TSX: ME8

Golden Highway Project (GHP)

Current Resources* (100% owned)

• Southwest Zone 3.3 Mt @ 6.0g/t Au (624,500oz)

(historical resource)

• Windjammer South 7.8 Mt @ 1.22g/t Au (305,000oz) indicated and

(NI-43-101 resources) 5.8 Mt @ 1.13g/t Au (212,000oz) inferred

The GHP covers 12 km of strike along the Destor with 10 distinct gold zones…

TSX: ME9

(NI-43-101 resources) 5.8 Mt @ 1.13g/t Au (212,000oz) inferred

* Moneta has 8 additional gold zones along GHP

Good Address

• 665 claim units (~10,600 hectares) along Destor 20km west of the Holloway mine

• 72M oz of gold mined in Porcupine and Golden Highway Camps, on the prolific Destor

Good infrastructure

• all properties have direct access to roads and power

Moneta’s objective is to expand NI 43-101 compliant resources

…and additional strike along Destor splays (Pipestone, Munro and Arrow).

Golden Highway Project: Southwest Zone (100% owned)

• Zone: (open: 1,000m strike X 100m X 500m depth)

• Known geological setting: iron formation footwall

• Broadly mineralized to 450m depth

• Multiple discrete vein systems (en echelon)

• Wide alteration zone at 1,000m (2.14 g/t over 69m incl. 6.01g/t over 6.17m)

SW Zone has identified significant high grade potential…

TSX: ME10

• Wide alteration zone at 1,000m (2.14 g/t over 69m incl. 6.01g/t over 6.17m)

• Historical resource of 624,500 ounces (Barrick JV)

• 3.3M tonnes @ 6 g/t (3.0 g/t cut-off)

• Barrick JV drilled 55 holes in 1996/1997

• Objective: upgrade resource to NI 43-101 compliance

• Evaluate Barrick interpretation

• Drill upper section of zone to improve continuity

• Wedge hole 162 at depth to test for higher grade

…with the same geological setting as Windjammer South at depth.

Golden Highway Project: Windjammer South (100% owned)

• Zone: (open: 500m strike X 150m X 350m depth)

• NI 43-101 resource (305,000 oz indicated / 212,000 inferred oz Au)

• 26 drill holes by Noranda in 1980’s

• 20 drill holes by Moneta in 2008 (6,900m)

Windjammer South, a generally pervasive gold system…

TSX: ME11

• 20 drill holes by Moneta in 2008 (6,900m)

• Exploration program underway with phased drilling to test:

• Gold mineralization along 1000m strike between Windjammer South and SW Zone

• Newly defined IP targets

• Gold potential in hanging wall

• Objective: expand and upgrade NI 43-101 resources on Windjammer South

…which remains open laterally and to depth.

Golden Highway Project: Windjammer North (100% owned)

• Zone: (open: 400m strike)

• High grade gold mineralization hosted:

• in heavily altered mafic and ultramafic volcanics

• along contact to sediments to the south

NI 43-101 report recommended further drilling to develop zone

Windjammer North is located directly on the Destor…

TSX: ME12

• NI 43-101 report recommended further drilling to develop zone

• 23 historical drill holes by Noranda

• Higher grade intersections (6.37 g/t over 5.9m)

• Potential for Lightning Zone style mineralization

• Exploration program underway with phased drilling to test:

• Historical interpretation and strike potential

• Objective: to progress towards NI 43-101 resources

… in a similar setting to the Holloway Mine 20km east along structure.

Southern Corridor Longitudinal – Timiskaming Sediments along Iron Formation

Western Zone Dyment3 ’55’ Zone Southwest Zone Windjammer South

Moneta / Acrex Michaud JV Moneta Golden Highway

Golden Highway Project: Exploration Focus (cont’d)

TSX: ME

TARGET AREA TO DEPTH AND

ALONG STRIKE

1000 metres

200 m

WSW ENE

MN96-1622.14 g/t Au over 68.0 m

Incl.6.00 g/t over 8.50 metres

MN96-175 /MN97-196

M08-259

MWJ08-19

13

• Michaud JV: 65 claim units or 10% of the Golden Highway Project

• 55 Zone (open: 350m strike x 100m width x 350m depth)

• Currently defined by only 26 drill holes

• Gold zone is hosted in same sedimentary units as SW Zone and WJ South

The Michaud JV covers the same sedimentary units as the SW Zone…

Golden Highway Project: Michaud JV (50%): 55 Zone, Western, Dyment 3

TSX: ME14

• High grade intersections (27.75m @ 9.68g/t)

• Initial discussions to address NI 43-101 resource estimate

• Dyment 3

• Confirmed mineralized corridor between 55 Zone and Western Zone

• Western Zone

• 14 holes – 125m drill spacing

• Higher grade over narrow widths - 8.5g/t over 2.4m (incl. 26.7g/t over 0.6m)

• On strike with 55 Zone, Dyment 3

…within a 2km under-explored mineralized corridor.

Destor Valuations

Comparison of active exploration companies along the Destor...

Reserves and Resources (oz Au)

Valuation

(EV * / Resources)

As at October 1, 2009 Market Cap

($)

EV* (Est.)

($)

Reserves

(3Ps**)

Resources

(M&I***) Inferred

Historical

Resources Total

Reserves +

Resources Total

Lakeshore Gold (LSG) 659 565 830,000 905,000 619,200 807,564 3,161,764 $ 380 $ 209

West Timmins (WTM) 305 285 - - 400,000 23,003 423,003 $ - $ 722

TSX: ME15

West Timmins (WTM) 305 285 - - 400,000 23,003 423,003 $ - $ 722

St Andrews (SAS) 133 113 628,000 1,344,000 665,000 1,826,400 4,463,400 $ 67 $ 30

Apollo Gold (APG) 115 63 1,455,950 - - - 1,455,950 $ 79 $ 79

VG Gold (VG) 72 69 - 598,553 611,689 - 1,210,242 $ 121 $ 60

Explor Resources (EXS) 32 30 - - - - - $ - $ -

Temex Resources (TMX) 19 16 - 479,000 186,000 - 665,000 $ 40 $ 29

Moneta (ME) 18 16 - 305,000 211,000 625,000 1,141,000 $ 59 $ 16

* EV = Enterprise Value

** 3 Ps = Proven, Probable, Possible NI 43-101 reserv es

*** M&I = Measured and Indicated NI 43-101 resources

Summary

• Good Address: 72M+ oz of gold mined to date on prolific Destor in NE Ontario

• Golden Highway Project covers 12km of strike along Destor with 10 distinct under-explored and open gold zones including:

• Southwest Zone - 624,500oz (historical resource)

Moneta holds highly prospective properties along the prolific Destor…

TSX: ME16

• Southwest Zone - 624,500oz (historical resource)

• Windjammer South - 305,000oz (ind) / 212,000oz (inf) (NI 43-101 resource)

• Exceptional quality of 500 drill hole database: 3D digital models

• Significant ownership by Directors, Management, and associates

• One of the most undervalued Destor exploration stocks on peer comparison

…and will continue to increase and upgrade NI 43-101 resources and categories.

Corporate Contact

Moneta Porcupine Mines Inc.

65 Third Avenue, Timmins, Ontario, P4N 1C2

www.monetaporcupine.com

info@monetaporcupine.com

TSX: ME17

Ian C. Peres, President & CEO

+1.416.579.3040

iperes@monetaporcupine.com

Rod Whyte, Chairman

+44.207.736.2212

rodwhyte@btinternet.com