Aberdeen Corporate Presentation - November

1. A Global Resource Investment Company
and Merchant Bank
TSX:AAB
November 12, 2010
A Forbes & Manhattan Group Company

2. TSX:AAB
This presentation contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward
looking information includes without limitation, statements regarding the proposed use of the proceeds of the financing, the receipt of
all necessary approvals, the outcome of legal proceedings, the issue of permits, the size and quality of the company’s mineral
resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs,
demand and market outlook for metals, future metal prices and treatment and refining charges, the financial results of the company
the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration
programs, anticipated production schedule and terms and the availability and likelihood of future acquisitions. Generally, forward
looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or
implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and
social uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining industry.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The
Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
This presentation does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The
securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
2

3. TSX:AAB 3
Global resource investment company / merchant bank
Focused on private, micro- and small-cap resource
companies
Unique, value-added approach to investing
Actively builds companies to unlock value
Targeting triple digit returns
Benefits from Forbes & Manhattan’s infrastructure
and deal flow
Broad investment mandate in resource sector
Significant exposure to gold in current portfolio
Exciting investments in energy, metals, bulks,
agriculture

4. TSX:AAB4
~$86MInvestment Portfolio
Market Value (Oct 31/10) ~C$0.99* /share
1.
*Excludes value of two gold royalties, adjusted to reflect buy-back post Q2
Aberdeen’s Shareholders Own:

5. TSX:AAB 5
>$500K
Gold Royalties paid quarterly2.
3.
Forbes Coal
Brazil/Amazon Potash
Temujin Mining, etc.
Private investment upside
Taking public to improve portfolio liquidity/value
4. Ongoing high quality deal flow
Supporting next
generation of
investments

6. TSX:AAB 6
Technical Team Financial Team Legal Team Back Office
Forbes & Manhattan expertise
Over 80 professionals in Toronto plus international operations teams
Forbes & Manhattan benefits:
Financing
Marketing
M&A
World class
team
Proven track
record
Actively building companies
and creating value

7. TSX:AAB 7
Merchant Banking
Short-term investments
Bridge financing
Fee income
Shells
Royalty Revenue
Provides upside to higher gold prices
Backed by 8 Moz reserves and
25 Moz resources
Private
Micro-cap
Seed financings
Active role in management & BOD
Support financially in early stages
Active Investment
+100%
From initial
investment
+10% pa
+ Warrants
$2.0M -
$2.5M
pa
Targets

8. TSX:AAB
 Source high
potential
resource
deal
 “Seed
financing”
 AAB
provides
managed
risk capital
8
 Develop
business plan
 Build
management
team/BOD
 AAB acts as
care taker
management
 Identify capital
requirements
 Early-stage
(pre-IPO)
financing
 AAB
participates
 Execute
business plan
 GO PUBLIC
Actively
creating value
for shareholders

9. TSX:AAB 9
Aberdeen’s recent success:
$0.26
$1.49
$0.48
Avg Cost
$0.20
$1.42
$0.52Avg Cost
Forbes &
Manhattan
success:
3,750% return in 4 years 4,500% return in 3 years
Desert Sun Mining (Gold) Consolidated Thompson (Iron Ore)
$735M sale price to Yamana Gold Production commenced Q1 2010
$0.14
$1.02
$0.34Avg Cost

10. TSX:AAB 10
Gold Royalties
Equity Portfolio
Cash
1% gold NSR
Buffelsfontein Mine
(Simmers & Jack)
Mine Waste Solutions
(First Uranium)
8 Moz reserves
25 Moz resources
US$2.2M
Current net over next
12 months
C$41.9M
Value of top 5 holdings
(Oct 31, 2010):
1. Sulliden Gold
2. Crocodile Gold
3. Temujin Mining (PVT)
4. Forbes Coal
5. Avion Gold
20other investments
Agriculture
Oil & Gas
Mining
C$1-5M
Always evaluating new
investments. Typical
entry point:

11. TSX:AAB 11
Asset Class
Cash
Public
Equities
Private Gold & Precious
Metals
Public Equities & Warrants
By Commodity
*July 31, 2010

12. TSX:AAB 12
 GOLD
 METALS
 BULK
COMMODITIES
 AGRI MINERALS
 ENERGY

13. TSX:AAB 13
F&M “Forbes” Coal
 Export grade coal from two mines, producing 0.5 million tonnes
per year saleable
 Excellent infrastructure  close to ports
 Can TRIPLE production in 2-3 years, strong financial position
 Diverse product lines – both thermal and metallurgical markets
 Future growth projects in Southern Africa
 Public listing completed in September (FMC-TSX)

14. TSX:AAB 14
Temujin Mining
 World class licenses covering 3 of the most
exciting advanced projects on Oyu Tolgoi copper-
gold belt in Mongolia
 80 km strike length of strong copper and gold
anomalies on 6 licenses
 Limited drilling, no work done since 2005, vastly
improved geopolitical climate
 Drilling started August 2010 - $1.5 MM program
underway

15. TSX:AAB 15
Aberdeen’s recent success:
$0.70M
$1.61M
$0.71M
$3.86M
Cost
base
$0.26
Current
Price
$0.60
Cost
base
$0.11
Current
Price
$0.60
Performance
Shares
Vested
Performance
Shares
Vested
Performance
Shares
Vested
$2.64M
$5.37M
$2.64M
$8.84M
Cost
base
$1.55
Current
Price
$2.80
Cost
base
$0.94
Current
Price
$2.80
$0.15M $0.91M $0.90M
$5.39M
Cost
base
$0.10
Current
Current
Price
$0.60
Cost
base
$0.10
Current
Price
$0.60
Current Current

16. TSX:AAB 16
Portfolio Leveraged To Gold And Junior Market
Private Holdings To Deliver And Unlock Value
 Forbes Coal listed in September
 Amazon Potash to spin off three companies (Aguia, Potash Atlantico,
Brazil Potash)
 Two expected to be public by year-end
 Additional pleasant surprises coming from other holdings
 Temujin now drilling, will continue to incubate for huge potential
 Gold holdings have performed exceptionally well since August.
(SUE up 106% in 3 months)
 Large warrant positions provide additional leverage
 We do not manage the portfolio for the short-term!
 Exceptional upside as markets improve and companies execute

17. TSX:AAB 17
Investor Relations
Business Growth
 World-class website (Launched August, 2010)
 New focus by management to market our great story and our
successes/resource investment outsourcing
 Focus on retail and small/generalist institutions
 Vesting of performance shares/warrants
 More success expected from pre-IPO investments
 JV funds to accretively accumulate assets – ‘early days’
Corporate Activity
 Continue share buy-back
 Result from Simmer & Jack litigation

18. TSX:AAB 18
Share Structure Major Shareholders
Management &
Directors
RAB Capital
Top Gold
US Global
14%
Shareholders’ Equity (Q2) = $1.12/share*
Share Price (Nov 12, 2010) $0.61
Market Capitalization $52.1M
52 week High/Low $0.65/$0.32
TSX:AAB
Shares Issued & Outstanding 86.8M
Warrants
(Exercise price $1.00, Expiry Date June 6, 2012)
37.5M
Options 8.5M
Fully Diluted 132.9M
*Q3 Shareholder Equity to be released Dec 15th

19. TSX:AAB 19
George Faught, C.A.
Chief Executive Officer
David Stein, CFA, MSc.
President & Chief Operating Officer
Ryan Ptolomy
Chief Financial Officer
Advisory Board
Board of Directors
Strong management with a DEPTH of experience in the resource sector and a PROVEN track
record at building companies from the seed level through to highly successful exits
Management Team
Bruce Humphrey
Chairman of Investment Committee
Stan Bharti, P.Eng.
Executive Chairman
George Faught, C.A.
Director
David Stein, CFA, MSc.
Director
Hon. Pierre S. Pettigrew
Director
Bernard Wilson, C.A.
Director
Mike Hoffman, P.Eng.
Director
Jean-Guy Lambert, MBA
Director

20. David Stein
President & COO
416-861-5812
dstein@aberdeeninternational.ca
Contact Details
Mike McAllister
Investor Relations
416-309-2134
mmcallister@aberdeeninternational.ca
A Forbes & Manhattan Group CompanyFollow us on Twitter: AberdeenAAB