1.

Projects and developments WAI has 2 iron ore permits in Guinea, including our emerging world-class Forcariah project and our Kerouane project. The Forcariah permit has an exploration target size of between 3 billion to 5 billion tonnes at @ 36% Fe for its Sambalama and Kalyadi prospect and the Kerouane permit with a strike of about 15km magnetite anomaly. Currently SRK Consulting out of Australia are completing an NI43-101 compliant technical analysis on this property that will soon be released to the public. SRK Consulting reviewed both magnetic data and ground mapping of our Forecariah tenement to give a interpretation of the following potential resource estimate10 identified targets for a total estimated tonnage of over 9 billion tonnes; With magnetic separation methods indicating the potential for a high quality product, over 70% on average based on 102 selected samples within SAM001 to SAM006 of which mineralized intersections were recently reported to the public. Completed 20 DDH and 19RC holes to date on the Sambalama and Kalyadi prospects, building a geological model based on current drilling results and SGS chemical and concentrates analyses that will cover iron enriched cap from surface down to -+ 30 meters of potential high grade hematite type of deposit, current limited results return a grade >60% and a 3 layers magnetite quartzite type of deposit at various depth from 30 meters to 140 meters of average grade >30%. We are still within our budget for Phase I drilling program and will hope to complete now that the rainy season is coming to an end 80,000 meters of RC drilling by end December 2011. Immediate objective to produce a compliant NI43-101 resource report by the end of Q1 2012. Further development down the road will be to complete a pre-feasibility study based on identified inferred and indicated resource with a focus on the production of high grade concentrates and possible pellets that command high $ prices. The Forecariah tenement area includes two potential deep sea ports less than 40km from WAI Sambalama target area; Both the Forecariah and Kerouane tenements will have a direct access to the Trans Guinean that will be passing through our property in Forecariah and within a walking distance from our Kerouane asset, construction by Rio Tinto with Chinalco should start if not by end Q4 2011 early Q1 2012;We are currently looking at power sources for our future mine and Guinea has a great potential for hydro power., which the government is current engaging with Chinese contractors to develop. Producing a tonne of concentrates >63% will require on average 28kwh, which is totally achievable at reasonable OPEX in Guinea..

2. Infrastructure in place WAIs location is one of the most attractive features of the project. Our main property Forecariah is 90 km from the Guinean Capital city of Conakry, a 2 hours drive and accessible via a sealed road that continues into the border crossing with Sierra Leone; Numerous tracks provide all weather access from our base and office in Forecariah to camp, which is a 20 minutes drive, and WAI has also began to put in place its own network of unsealed roads. 80% cell phone coverage over project area;

The project area includes two potential deep water ports at Matakang and Benty, less than 40km away, as well as, the recently approved construction of Rail line that will pass directly through Forecariah, which makes this project prime property for product transportation from mine to port. With such a short distance to port, if we wanted, we could very easily conveyer the ore to the port, [which weve assessed and is very cost effective]. For any Project of this magnitude to succeed the key factor is transportation and location. Forecariah is key to the transportation network of Guinea iron ore as demonstrated by the JV between China Investment Funds and Bellzone as well as Rio Tintos and Chinalcos multi billion dollar infrastructure development in the region. 3. Strategic alliances and joint ventures WAI has approached and been approached by steel producers from various parts of the world, including China, where management and members of our board have build over a decade, excellent relationships with Chinese State owned enterprises. We are at an early stage discussion but some of the interested parties are already in our dataroom and conducting their own due diligence on the project. We have been approached to sign off-take agreements but without a defined minimum compliant NI43-101 resource report it is too early to agree on any valid terms. We are looking at both equity partners for future funding needs and strategic partners within the steel industry. 4. What is so unique about the company? West Africa is home and as a result, we think that WAI, beyond just the name, is West Africa. Most of WAIs executive team and management have had experience moving projects from greenfield to production, and generating significant return for investors in the process. And the unique nature of

operating in West Africa has become second nature. We pride ourselves on our community involvement and relationships. Also, our team has years of experience in both China and Africa. Having closed deals with Chinese state-owned companies, we have excelled in that area, where most foreign companies havent had such an ability. WAI is such a unique investment opportunity, including the significant quality of the asset, the fact that what we are exploring for is in significant demand from the large emerging economies especially China. In relation to China, the country owns less than 10% of the world's iron ore assets, however consumes almost 50%. The government has made it a policy initiative to acquire as much iron ore as it can to control at least 50% of the global supply and West Africa is one of its target regions. 5. Present board and management team Mr. Duport has served as CEO of SARI since 2007, and he has also been the CEO of Trendfield Holdings Ltd. (Trendfield), a company with offices in Hong Kong and Beijing and mining operations in West Africa and Mongolia.. He is also a director and board member of various mining and petroleum companies,. Mr. Matysek specializes in developing resource-based companies from conception to production. He has over 35 years of experience in exploration and development, and held several senior management and/or directorship positions with First Quantum Minerals Ltd., First Majestic Silver Corp. and Energy Metals Corp. Mr. Challis is a mining engineer with over 30 years experience in the operation, management, financing and analysis of mining projects around the world. He has worked for various consulting companies, such as McLeod Young Weir and CM Oliver and was involved in numerous early stage exploration ventures in diverse locations in the roles of CEO, President and Director. Mr. Angus is a veteran of over thirty years in the Canadian and International mining industries. He has extensive experience on the African continent and has raised hundreds of millions for the exploration, development and construction of mining projects around the globe. Mr. Ludwig has served as President of Macluan Capital Corporation, a private equity and investment firm. He also serves as an adviser to Tennenbaum Capital Partners, LLC, a private investment firm. Mr. Charette has been the Controller of GoviEx Uranium Inc. since April 2008. In this capacity, he was acting as CFO, and was involved in the management of the Niger subsidiaries. He has considerable

experience in West Africa. He is also a Certified Management Accountant (C.M.A.). On site 12 geologists from Guinea, Ghana, Ivory Coast and Burkina, Exploration Manager with 15 years experience in iron ore industry. 6. Long term vision for the company The board and I share a long-term vision for the company of developing in the near future, our Forecariah prospect into a world-class project. Our long-term goal is to ensure [that we creative substantial value to] our shareholders, [by having] the best project, the best team, and the best product, not just regionally, but globally. To have a company that our shareholders trust and believe in and to ensure the WAI brand lives up to its commitment to the community we work in. 7. Why should investor consider the company as a long-term opportunity? WAIs growth strategy is linked directly to long-term investor opportunity, the two are inseparable, the main reasons that investors should consider WAI as an attractive investment opportunity are: Significant demand from China, which has a focused policy initiative from the country to secure iron ore in West Africa, thus creating a longterm catalyst for growth not just for iron ore, but specifically in West Africa; Our key asset has a very large resource potential asset that is one of the best positioned in West Africa at only 40 kms from two proposed ports; Low CAPEX costs as the government and other larger players in the country are building rail and port infrastructure that we can utilize; The current low market valuation level, which provides significant upside potential to investors; We have a strong management team and board with experience in both West Africa and China, and who have previously generated significant returns for our shareholders.