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CURRIE ROSE RESOURCES INC.

Price (December 13) $0.40

52-Week Range
.475-
.035

Shares O/S 82.85 million

Market Cap $33.1 million

50-day Average Volume 1,204,700

200-day Average Volume 595,100

Fiscal Year-End December 31

Symbol TSX-V: CUI/Frankfurt: CDV

Website www.currierose.com

Financial Data

eResearch Analyst:

Bob Weir, B.Sc., B.Comm., CFA

Note: Report prepared with public information only.

Source: www.bigcharts.com

PROFILE

Currie Rose Resources Inc. is a Canadian junior exploration and

development company, focused on gold exploration in the Lake Victoria

Greenstone Belt in mining-friendly Tanzania - the third-largest gold

producing country in Africa.

The Company’s key projects in Tanzania are (a) the Mabale Hills gold

project (100% ownership), (b) the Sekenke joint venture with Tanzanian

partner Sekenke Resources (Currie Rose, 30%, is the managing partner,

with the right to increase ownership to 70%), and (c) the Jubilee Reef

project (100%), which is 40 km south of the producing Bulyanhulu gold

mine, operated by African Barrick Gold, a subsidiary of Barrick Gold

Corporation (Bulyanhulu’s proven and probable reserves are 10.32

million oz Au and production in 2009 was 249,000 oz).

Currie Rose announced in mid-November that it was at the half-way

mark in its 3,000-metre drilling program at the Sisu River target at the

Mabale Hills project. Assay results from initial holes at Sisu River are

pending. Sisu River is eight kilometres north of the Company’s

Mwamazengo discovery.

The Company also owns 1,895 acres of gold mining claims in northern

Ontario (Scadding Township), optioned to Trueclaim Exploration Inc. A

drilling program got underway at Scadding in mid-October 2010.

Currie Rose has no operating revenue. Exploration and administrative

costs are largely funded through the sale of shares and warrants. On

September 10, 2010, the Company announced that it had closed a

private placement of units (shares and warrants) for proceeds of

$1,000,000.

eResearch Corporation

56 Temperance Street, Suite 501

Toronto, ON M5H 3V5

Telephone: [phone]

Toll Free: 877-856-0765

Currie Rose Resources Inc. eResearch StockPotentials

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STOCK PERFORMANCE

As shown on the stock chart on the Cover Page, trading in Currie Rose shares has produced a notable increase in

volume as well as an upward projectory in the stock price from the
.04 level of late July 2010. The shares are

trading at
.40 (December 13), but have recently been as high as
.475.

MAP OF TANZANIA

Currie Rose

Projects

Source: www.mapsorama.com

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CURRIE ROSE KEY PROJECTS

COMMENT: The following map is a “little busy”, but it shows the proximity of the Company’s properties to other key

projects in Tanzania’s Lake Victoria Gold Fields area.

Source: Currie Rose Resources Inc., Corporate Presentation,“Golden Opportunities in Tanzania”, Nov. 4, 2010

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PROJECT UPDATES

A. MABALE HILLS AND SEKENKE

In mid-November 2010, Currie Rose reported on its exploration activities in the Lake Victoria Greenstone Belt in northwest

Tanzania. The Company has been active in this area since 2005, and plans to explore its Mabale Hills and Sekenke projects

aggressively over the coming months.

1. Mabale Hills (100%)

Source: Currie Rose Resources Inc.

Currie Rose’s Mabale Hills project comprises five licences and one application, covering 260 square kilometres in the Lake

Victoria Greenstone Belt area in northwest Tanzania. Included in the project are the Sisu River, Mwamazengo, and

Dhahabu properties (see Mabale map above).

(a) Sisu River

At the Sisu River gold property at Mabale Hills, the Company has completed a total of 14 reverse circulation (RC)

holes over 1,447 metres, half of a new 3,000-metre drill program at the property. Assays from initial holes are pending.

The Sisu River property is eight kilometres north of the Company’s Mwamazengo discovery.

The Sisu River target, hosted within felsic volcanic rocks, was identified by rock chip and pit sampling (a wide range of

grades, from about 0.05 g/t to 89.2 g/t, was reported by Currie Rose in an October 21, 2010 news release). Drilling,

which is focused on a 150 metre by 30 metre area (extensively prospected near-surface by artisanal miners), is testing

the extent of gold mineralization discovered at Sisu River to depths of about 100 to 125 metres.

(b) Mwamazengo

A follow-up drilling program is planned at the property. (Earlier assay results reported for Mwamazengo included 34

metres of 3.60 g/t gold; 12 metres of 9.11 g/t; 63 metres of 2.59 g/t; and 31 metres of 5.97 g/t. These results are shown

in Currie Rose’s November 4, 2010 Corporate Presentation.)

(c) Dhahabu

Currie Rose has a prospect, Dhahabu, about eight kilometres north of Mwamazengo. No details on this prospect were

given in the mid-November 2010 update.

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(d) Additional Targets

Currie Rose is looking for additional targets at Mabale Hills. Only a small part of the large land package has been

systematically explored.

2. Sekenke (Joint Venture with Sekenke Resources)

Source: Currie Rose Resources Inc.

The Sekenke gold project, at the southeastern end of the Lake Victoria Greenstone Belt and about 200 kilometres from

Mabale Hills, is a joint venture between Currie Rose and Tanzanian partner, Sekenke Resources (see Sekenke JV map

above). Currie Rose has beneficial ownership of 30% in the 1,885-square-kilometre property, but has the potential to earn

up to a 70% interest in the property. (In March 2009, the agreement with Sekenke Resources was amended to give Currie

Rose a further three years to complete an expenditure of $650,000 to earn a further 21% to bring the Company’s interest to

51%, and five years to complete a bankable feasibility study to bring its interest to 70%.)

The Iramba-Sekenke Greenstone Belt hosts a number of colonial gold mines. The area has been explored by various

companies (including Barrick Gold Corp.) over the past decade. A nearby former gold mine, the Sekenke, was the oldest

and longest-producing mine in Tanzania (1909-1959, with average grade of 15.4 g/t Au). Another former gold mine, the

Kirondatal, is also in the region (produced 21,100 tonnes of ore from 1939 to 1950, with an average gold grade of 8.9 g/t

Au). These former mines are not part of the joint-venture package, but the licences of the joint venture cover the strike

extensions of both mines, including the ground between the mines.

Currie Rose’s recent exploration at the Sekenke project has identified a highly prospective 12 kilometre by 800 kilometre

structure. The structure is within a shear zone at the margins of a large granite intrusion hosting numerous vertical quartz

reefs like those that developed at the former mines. Drill testing of the structure will be carried out in spring 2011.

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B. JUBILEE REEF

Source: Currie Rose Resources Inc.

The Jubilee Reef project is southwest of Mabale Hills and 40 kilometres south of the Bulyanhulu gold mine, operated by

African Barrick Gold (ABG), a subsidiary of Barrick Gold Corporation. (Bulyanhulu is one of ABG’s four producing gold

mines in northwestern Tanzania; Bulyanhulu has Proven and Probable reserves of 10.32 mm oz of Au, and produced

249,000 oz in 2009, at a cash cost of US$651/oz.)

Jubilee Reef comprises two licences and one application, covering 102 square kilometres. Currie Rose has 100% beneficial

ownership. As part of the purchase of the Jubilee Reef tenement, Currie Rose is committed to a net smelter return royalty,

with the amount ranging from US$3.00 per ounce to US$7.50 per ounce depending on the amount of production and the

price of gold.

Eight significant gold in-soil anomalies have been drilled at Jubilee Reef, and positive results were returned from the

Panapendaza, Shangaza, and Masabi Hill prospects. The three prospects seem to share a similar strike (65°), and may form

part of the same mineralized system. The prospects remain open along-strike and to depth.

Currie Rose’s corporate presentation “Golden Opportunities in Tanzania” (November 4, 2010, available on the Company’s

website at www.currierose.com) notes that significant work has been completed at Jubilee Reef, and that there are

numerous targets with ore-grade intercepts.

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C. SCADDING

In mid-October 2010, Currie Rose announced that a drilling program, being undertaken by Trueclaim Exploration Inc.,

would begin immediately on the Company’s Scadding property in Sudbury, Ontario (seven leases comprising 58 gold

mining claims on 1,895 acres). Trueclaim holds the Scadding property under option from Currie Rose, and has the right to

earn a 100% working interest in the property. The program comprises 2,000 metres of drilling on the East Wanapitei

property to test showings peripheral to and on the Scadding mine site. An additional diamond drill program of about 8,000

metres is being planned for the Scadding mine-site area.

PROJECT FINANCING

Private Placement

Currie Rose announced on September 10, 2010 that it had closed a private placement of 16,666,667 units at
.06 per unit,

for proceeds of $1 million. The Company said the shares, warrants, and any shares issued upon exercise of the warrants

comprising the units, are subject to a hold period and may not be traded in Canada until January 11, 2011, except as

permitted by applicable securities laws and the TSX Venture Exchange.

Pinetree Capital Ltd. Acquisition of Shares and Warrants

Also on September 10, 2010, Pinetree Capital Ltd. announced that it had acquired ownership of 2,500,000 common shares

and 1,250,000 common share purchase warrants of Currie Rose. Each warrant entitles the holder to acquire one additional

common share at
.10 until March 10, 2012.

As a result of the transaction, Pinetree held, at September 10, 2010, an aggregate of 8,000,000 Currie Rose common shares,

and rights to acquire an additional 2,250,000 Currie Rose common shares on exercise of certain convertible securities,

including the warrants.

In the event the convertible securities are fully exercised, the holdings of Pinetree represent a maximum total of 10,250,000

Currie Rose common shares, or approximately 12.6% of the Company’s equity.

MANAGEMENT & DIRECTORS

Harold Smith: President, CEO and Director

Harold Smith has been CEO and President of Currie Rose for over 15 years. Over the past 40 years, Mr. Smith has founded

several private companies, some of which he continues to manage. He is President of Windim Holdings Limited, a private

company based in St. Catharines, Ontario.

Peter Munachen: Director

Peter Munachen is CEO of Australian-based Norwest Energy NL, and a Director of East Africa Resources Limited

(formerly Austral Africa Resources Limited). Mr. Munachen has over 35 years of corporate and administration experience

in hydrocarbon and mineral resource companies.

Michael Griffiths: Director

Michael Griffiths is a Director of Australia-based Chalice Gold Mines Limited. Mr. Griffiths has over 25 years’ experience

in minerals exploration in Australia and Africa.

Gael Northey: Chief Financial Officer

Gael Northey has over 40 years’ experience in management and tax consulting. He was appointed CFO of Currie Rose in

2009.

Ken Embree: Corporate Secretary

Ken Embree was appointed Corporate Secretary of Currie Rose in 2005.

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CORPORATE INFORMATION

Currie Rose Resources Inc.

Suite 102

110B Hannover Drive

St. Catharines, Ontario L2W 1A4

Tel: [phone]

Fax: [phone]

https://www.currierose.com/properties/tanzania/CUI-Exploration.pdf

ANALYST CERTIFICATION

The Research Analyst who was involved in the preparation of this Research Report hereby certifies that:

(1) the views, opinions, and recommendations expressed in this Research Report reflect accurately the Research Analyst’s

personal views concerning any and all securities and issuers that are discussed herein and are the subject matter of this

Research Report; and

(2) the fees, earnings, or compensation, in any form, payable to the Research Analyst, is not and will not, directly or

indirectly, be related to the specific views, opinions, and recommendations expressed by the Research Analyst in this

Research Report.

eResearch analyst on this report:

Bob Weir, B.Sc., B.Comm., CFA: Bob Weir has 44 years of investment research and analytical experience in both the

equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and has been its

President, CEO, and Managing Director, Research Services since May 2005. Prior to joining eResearch, Mr. Weir was at

Dominion Bond Rating Service (DBRS), latterly as Executive Vice-President responsible for supervising the firm’s 34

analysts and conducting the day-to-day management affairs of the company.