REDFERN RESOURCES LTD.

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• REDFERN RESOURCES LTD.
• TULSEQUAH CHIEF
• PROJECT

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Cautionary Statement

• These materials present a review of the Tulsequah
  Chief project in British Columbia. Readers are
  cautioned that the Project is at a relatively
  early stage and that all estimates and
  projections contained herein are based on limited
  and incomplete data. More work is required
  before the mineralization and the Projects
  economic aspects can be confidently modeled.
  Therefore, while the work results, estimates and
  projections herein may be considered to be
  generally indicative of the nature and quality of
  the Tulsequah Chief project, they are not
  definitive. No representation or prediction is
  intended as to the results of future work, nor
  can there be any promise that the estimates and
  projections herein will be sustained in future
  work or that the Project will otherwise prove to
  be economic.
•  
• These materials include certain forward-looking
  statements within the meaning of the Private
  Securities Litigation Reform Act of 1995. All
  statements, other than statements of historical
  fact, in this material, including, without
  limitation, statements regarding potential
  mineralization and resources, exploration
  results, estimated future production and future
  plans and objectives of the Company, are
  forward-looking statements that involve various
  known and unknown risks, uncertainties and other
  factors. There can be no assurance that such
  statements will prove to be accurate and actual
  results and future events could differ materially
  from those anticipated in such statements.
  Readers are cautioned not to place undue reliance
  on these forward-looking statements that speak
  only as of the date of these materials.
  Important factors that could cause actual results
  to differ materially from the Companys
  expectations include, among others, the factual
  results of ongoing exploration activities,
  conclusions of any pre-feasibility or feasibility
  studies, changes in project parameters, as well
  as future metal prices. All subsequent written
  and oral forward-looking statements attributable
  to the Company or persons acting on its behalf
  are expressly qualified in their entirety by this
  notice.

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Location Map
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Property Map
150 square kilometers
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Introduction

• Precious-metal rich volcanogenic massive sulphide
  deposit (Kidd Creek, Louvicourt, Brunswick, Myra
  Falls etc.)
• 100 km south of Atlin BC
• 100 owned by Redfern Resources Ltd., a
  wholly-owned subsidiary of Redcorp Ventures Ltd.

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Introduction (cont.)

• Advanced-stage project
• Resource defined through 40,000 meters of
  drilling from 1987 to 1994
• Feasibility Study completed in 1997
• Received Project Approval Certificate from BC
  Government in December of 2002
• Drilling planned for 2003 field season
• F anticline target offers excellent expansion
  potential
• Down-dip of historic Cominco stopes
• Along strike of established resource

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Sociopolitical Status

• BC and Yukon governments are pro-mining
• US and Alaska no longer oppose project (new
  administration is pro development)
• Strong local community support
• A large number of local First Nations members in
  favour of mine
• Key legal issues have been dealt with

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Tulsequah Chief Resource Estimate
OPEN FOR EXPANSION

• The resource estimate for the Tulsequah Chief
  deposit pre-dates National Instrument 43-101 and
  disclosure here is of a historical estimate.
  This estimate is based on 80 diamond drill holes
  representing some 40,000 meters of drilling. The
  technical report to accompany this resource
  estimate is the 1995 Feasibility Study by Rescan
  Engineering Ltd. This historical estimate is
  relevant as it is the most recent estimate
  completed for the project. The reliability of
  the estimate is compatible with the standards set
  by NI 43-101.

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Metal Content

• FORECAST PAYABLE RESOURCE
• METAL ANNUAL PRODUCTION
• _at_900,000 tpy
• Gold 57,600 ozs 728,000 ozs
• Silver 2,310,000 ozs 30,920,000 ozs
• Copper 22,160,000 lbs 258,000,000 lbs
• Lead 9,940,000 lbs 244,000,000 lbs
• Zinc 98,200,000 lbs 1,301,000,000 lbs
• Gross Metal Value (CAN) 150 million 1.90
  billion
• Gold Equivalent 90,000 ozs 1,140,000 ozs
• (Au and Ag only)

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Gold in Massive Sulphide
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Net Smelter Return Distribution
0.80 / lb Cu 0.45 / lb Zn 0.22 / lb Pb 370 /
oz Au 4.85 / oz Ag CAD 0.65US NSR CAD110
per tonne
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Gross Metal Values for Worldwide VMS Deposits
Greens Creek
Tulsequah
CDN
Myra Falls
Kidd Creek
Flin Flon
Mattagami
Louvicourt
Horne
Reforma
Aljustrel
San Nicholas
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Project Site Overview
Shaza Creek
Plantsite
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Deposit Area Geology
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Deposit Area Vertical Section
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Orientation of Drill Sections
N1900I
N2140I
N2360I
N2580I
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Orientation of Drill Sections (looking South)
N1900I
Area to be drilled In 2003
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Inclined Section N1900 I (looking North)
2003 drilling will Explore the down Dip extent of
these areas
WEST
EAST
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Inclined Section N2140 I (looking North)
WEST
EAST
Target areas for 2003
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Inclined Section N2360 I (looking North)
WEST
EAST
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Inclined Section N2580 I (looking North)
WEST
EAST
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Longitudinal Section
N1900I
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EAST
WEST
Area to be drill-tested in 2003
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EAST
WEST
Area to be drill-tested in 2003
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EAST
WEST
Area to be drill-tested in 2003
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Expansion Potential

• F Anticline and In-Mine Potential
• Focus of 2003 work program
• Down-Plunge

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Expansion PotentialF Anticline and Down-Plunge
N1900I
F Anticline Potential
700 m
G Zone Potential
Down-plunge Potential
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Expansion Potential

• F Anticline and In-Mine Potential
• Down-Plunge

• 5200 Syncline
• gt 2 km strike length of same stratigraphy which
  hosts deposits. Several alteration zones with
  disseminated mineralization.

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5200 Syncline Target
F Anticline
Strong QSP Alteration and disseminated mineralizat
ion along the same stratigraphic interval which
hosts the Tulsequah deposits
5200 Syncline
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Expansion Potential

• F Anticline and In-Mine Potential
• Down-Plunge
• 5200 Syncline

• Felsic Stratigraphy between Tulsequah Chief and
  Big Bull

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Prospective Stratigraphy
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Exploration Potential
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Expansion Potential

• F Anticline and In-Mine Potential
• Down-Plunge
• 5200 Syncline
• Felsic Stratigraphy between Tulsequah Chief and
  Big Bull

• Big Bull

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Big Bull Drill Intersections
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Summary

• High-grade, advanced-stage polymetallic deposit
  with high precious metal content
• Significant established resource
• Project Approval Certificate and Special Use
  Permit for access road received December 2002
• Excellent metallurgy
• Independently verified
• Very high gold and silver grades and recoveries

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Summary (cont.)

• Excellent exploration potential
• Expand existing deposit
• Low risk in mine exploration for adjacent
  deposits
• Second deposit at Big Bull
• High potential for new discoveries on large
  property
• Drilling in 2003