The draw of the pre-Olympic qualifying stage is taking place right now in Venezuela and TalkBasket will be covering it live.
The event will be held in Venezuela during July 2-8. There will be a total of twelve National Teams competing for, three of which will get a ticket for London 2012 Olympic Games.
The twelve teams are separated in three pots, separated geographically, rather than based on their FIBA ranking.
| Pot 1 | Pot 2 | Pot 3 |
| Angola | Dominican Republic | Russia |
| Nigeria | Puerto Rico | FYROM |
| Jordan | Venezuela | Lithuania |
| South Korea | New Zealand | Greece |
The teams will be divided into four groups, each consisting of three teams, in the preliminary round. After a round robin, the top two teams of each group will make it to the quarter finals. A single elimination game format will then be applied until the final and the third spot final.
| Group A | Group B | Group C | Group D |
| Greece | Lithuania | Russia | FYROM |
| Puerto Rico | Venezuela | Dominican Republic | New Zealand |
| Jordan | Nigeria | South Korea | Angola |
