Rocky Mountain Resources Corp.

Bill Radvak
President & CEO

March 2010
 Rocky Mountain Resources Corp.
Rocky Mountain Resources Corp. (RKY) will strive to maintain the information in this presentation in an accurate and
timely manner. However, the information contained in this presentation should not be solely relied upon when making
investment decisions. RKY does not warrant or make any representations as to the accuracy, completeness or content
of this information or any other information discussed or referenced in this presentation. This presentation contains
statements which may be deemed to be "Forward-Looking Statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We may also
make written or oral forward-looking statements in our periodic reports, or in our annual report to shareholders, in our
proxy statements, in our offering circulars and prospectuses, in press releases and other written materials and in oral
statements made by our officers, directors, or employees to third parties. Statements that are not historical facts,
including statements about our beliefs and expectations, are forward-looking statements. These statements are based
on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-
looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of
them in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important
factors could cause actual results to differ materially from those contained in any forward-looking statement.
 Rocky Mountain Management
Bill Radvak, BASc President, CEO and Director
Mining & Mineral Process Engineering, UBC
Past and Present Director and/or Officer of 10 public companies
Founder, Former CEO, Response Biomedical Corp.
Brian McAlister, BS Chairman
BS Finance, University of Denver
President Cornet Capital; assisted more than 25 companies in fundraising and strategy
Founder of Midway Gold Corp. and Novadigm
Alan Branham, MS, CPG Director
21 years with Newmont Mining, Exploration Geologist
President and COO, Midway Gold Corp.
Bob Cross, BASc, MBA Advisor
20+ years of experience as a financier in the mining and oil & gas sectors
Co-founder and Chairman of Bankers Petroleum, Former Chairman of B2Gold, and
Former Chairman of Northern Orion Resources
Former Chairman and CEO of Yorkton Securities Inc.
 Capital Structure

(TSX:RKY)

• Issued 17.9 million

• Fully Diluted 22.6 million
– 1.4 million options
– 3.2 million warrants @ $.40
• Market cap $6.8 million
• Current share price $0.38
• Cash & securities $3.75 M
 Stonegate Investment

Stonegate Agricom is a 72% (undiluted) owned

subsidiary of Sprott Resource Corp.
• Paris Hills, Idaho Phosphate Deposit has 304
million tons grading 27% P2O5
• Mantaro, Peru Phosphate Deposit is 45 million
tonnes grading at 15% P2O5

Rocky Mountain sold Paris Hills Project to

Stonegate in 2009 for $1MM and 6MM shares
Stonegate IPO anticipated in H1, 2010
What is Vanadium?
Primarily used to strengthen steel
Lighter, stronger, tougher, corrosion
resistant, weldable

• High Strength, Low-Alloy Steels

– 1 lb HSLA = 1.4 lb carbon steel
– Buildings, bridges, cranes, trucks,
pipelines, ships, engines, body
panels, wheels, rails
• Alloy steels – tools
• Al – Ti alloys
– Airframes, jet engines
 Vanadium Battery Opportunity
Vanadium Lithium
Big metal demand Small applications

• Longer life cycles 35,000 • 300 life cycles (3-5 years)

(30-50 years) • Can be compact
• Rapid charge and discharge • More ideal for small battery use
• Low self charge (stays charged)
• Easily expandable for large
capacity storage
• Low heat generation
 Vanadium Lithium Battery
US Army's “Aggressor” Battery- Vanadium increases range from
Powered Vehicle 40 km per charge to 200

• Speeds over 200 km/hr

• Superior torque & acceleration
• Silent stealth movement
• Range up to 400 km per charge
Wind and Solar Need Vanadium

• Power surging into the

grid a problem with solar
and wind

• Vanadium batteries the

only battery that can
rapidly charge and
discharge with little effect
on the life of the battery
 Vanadium Growth Rate
Annual Vanadium Production
Source: USGS
70
Metric tons, thousands

60
50
40
30
20
10
0
2000 2001 2002 2003 2004 2005 2006 2007

• Steel consumption growing ahead of GDP

• Drivers: - Global stimulus spending
- India, China
• China to become net importer
 Vanadium Supply
Current V2O5 Price
Primary Sources $7 per pound
• Pig iron slag
• Ash, residue, spent catalyst
• Primary Production

Main Producing Countries

South Africa 75 Mlb/yr
China 60 Mlb/yr
Russia 40 Mlb/yr
US 20 Mlb/yr

No operating vanadium mines

in North America
 Gibellini Vanadium Project

• Located 25 miles south of Eureka, Nevada

• Scoping study by AMEC suggests 40% IRR
• Potentially lowest cost primary vanadium
producer in the world
• Could supply 5% of worlds current demand
for vanadium
• Moving towards Environmental Studies
and Feasibility Stage
• Next vanadium producer in the world?
 Gibellini Vanadium Property

• 2,000 acres on BLM land - unpatented

mining claims
• 100% Rocky Mountain controlled
– $145,000 Annual Prepaid Royalty
– NSR 2.5%
• Previous exploration on the property by
several operators including Union
Carbide and Noranda
• Historic exploration drilling > 160 holes
Vanadium Hill Deposit
Looking North

<1:4 Strip Ratio

2500 ft (waste:ore)

Vanadium Hill
Grade Pounds V2O5
Category Tons (x 1000)
V2O5 (%) Contained

Total Indicated 18,010 0.339 122 million

Total Inferred 2,839 0.282 16 million
 Vanadium Hill Long Section

GIV-3
GIV-4
GIV-1 GIV-2
Vanadium Hill Cross Section
 Gibellini Project View
Looking North

2500 ft
Vanadium Hill Deposit

Rich Hill Deposit

 Rich Hill Discovery
• 10 new holes in old drilling area • Hit multiple vanadium horizons
• Similar geology to Vanadium Hill • Mineralization at surface
• Good grade intercepts • Open to the south
 Process Flow Sheet
Sulphuric Acid Heap Leach

Head Acid Consumption,

Recovery
Sample Grade, lb/ton
% V2O5 - 1/2 inch - 2 inch - 1/2 inch - 2 inch
Ore Delivery
Oxide 0.25 59.7 63.7 119 101
Primary
Crushing
Transition 0.33 66.3 74.1 115 90
Sulfide 0.33 52.3 No Test 115 No Test
Secondary
Crushing

Ore Heap Preg

Agglomeration Curing Building Pond

Barren Solvent
Pond Extraction

Organic
Stripping

Purple V2O5 AMV

Flake Production Precipitation
Production
 AMEC Scoping Study

Description Base Case Alternate

Scoping Study and 43-101
Annual Tonnage, short tons 2,000,000 3,000,000 Technical Report by AMEC,
Mine Life, years 9 6 Oct 2008
Annual Product, M lb V2O5 10 14
Purposes of the Scoping Study:
Capital Cost, $M 88 94 Evaluate options for development,
preliminary mine production
Operating Cost, $/ton 14.4 14.0 plans, cost estimates +/- 30%,
Operating Cost, $/lb V 2O5 3.1 3.0 preliminary project economics

NPV @ 5%, $M 68 89
IRR After Tax 27% 40%
Non-Discounted Value (NDV)$M 198
NDV: -35% Process Cost , $M 270
NDV: +10% Recovery , $M 264
 Milestones and Target Dates

• Submit EA to BLM for mine permits Q4 2010

• Complete Feasibility Study Q2 2011

• Permits granted Q4 2011

• Construction begins Q1 2012

• Production Q4 2012
 Competitive Advantages
• Lowest cost & easiest vanadium mining operation
– Favorable geology
– Open pit with 1:4 (waste:ore) strip ratio
– Heap leach with minimal, if any, crushing
– Low capital and low risk
• Best mining jurisdiction
• “Right” size orebody – cap costs, marketability
• First to production
• Strategic exits
Contact Information

Bill Radvak
President & CEO

Suite 1028, 550 Burrard Street

Vancouver BC Canada
V6C 2B5

www.rkyresources.com

Office (604) 488-5417

Cell (778) 888-4101
Fax (604) 681-4692

bradvak@rkyresources.com