1 Certain statements in this document constitute forward looking - - PowerPoint PPT Presentation

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Certain statements in this document constitute “forward looking statements” which may not be based on historical fact. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results to be materially different from any future results, performance, or achievements expressed or implied by such forward looking statements. Such factors include, among others, the following: actual results of exploration and development activities; the estimation or realization of mineral reserves and resources; the timing and the amount of future production; the costs and timing of the development of new deposits; future prices of precious and base metals; accidents; risks inherent in mineral exploration; risks associated with development, construction and mining operations; restrictions on foreign ownership; the Company’s history of operating losses and uncertainty of future profitability; uncertainty of access to additional capital; environmental liability claims and insurance; and dependence on joint venture partners.

• Mr. Gregory Smith, P. Geo., Vice President of Exploration for Edgewater Exploration Ltd.,

is the qualified person as defined by NI 43-101 and has prepared and approved the technical data and information in this corporate presentation.

STRONG MANAGEMENT TEAM

Proven mine builders, with experience internationally and specifically within Spain

UPDATED MEASURED AND INDICATED RESOURCE ESTIMATE EXCEEDS ONE MILLION OUNCES GOLD*

Micon International completed open pit constrained resource (Spain)

Approved Environmental Impact Statement (Milestone Permit)

December 2012 Ministry of Environment approved The Corcoesto project for open pit mining

INFERRED RESOURCE ESTIMATE EXCEEDS ONE MILLION OUNCES GOLD**

Tetra Tech 2012, Ghana, West Africa (Joint Venture Edgewater 51%/Kinross 49%)

$8 Million market capitalization

100% owned Advanced Stage Corcoesto Gold Project NW, Spain

(NI 43-101 PEA completed, Updated Measured & Indicated Resource)

51% own Advanced Stage Enchi Gold Project Ghana, West Africa

(Inferred Resource)

*See slide 9 for full details ** slide 16 for full details

Conventional open-pit advanced stage gold project 100% Ownership +15,000 ha along the Gold belt

FIRST WORLD, PRO-MINING JURISDICTION ADVANCED GOLD DEVELOPMENT PROJECT (Preliminary Economics Complete) PIT-CONSTRAINED GOLD RESOURCE (Significant Exploration Upside Potential) EXCELLENT LOCATION WITH ALL INFRASTRUCTURE IN PLACE FULL ENVIRONMENTAL IMPACT STATEMENT APPROVED (DEC. 2012) ALL LEVELS OF GOVERNMENT AND LOCAL COMMUNITIES SUPPORTIVE EXPLORATION UPSIDE

George Salamis, President & CEO, Director

+20 years experience directing exploration, development, and mining

• perations of a number of gold, base metal and coal projects, Mr.

Salamis has held senior management positions with Placer Dome and Cameco Corporation and has completed M & A transactions valued

• ver $1B

Greg Smith, P.Geo, Vice President Exploration

+23 years exploration experience working for both junior & senior mining operations and has been involved in outlining +10Moz gold discovery

Edward Farrauto, CFO

+20 years experience as CFO and Director of public companies, has been involved in raising over $500 million of equity and debt and completed M & A transactions valued over $750 million

• Dr. John Thomas, COO

+38 years experience in the mining industry in several countries. His experience covers a wide range of activities including process development, feasibility studies, management of construction and

• peration of mines. Dr. Thomas is a professional engineer and has a

B.Sc., M.Sc., and a PhD in metallurgical processing

• Mr. AJ Ali, Project Finance Advisor
• Mr. Ali has +20 years experience in the mining industry and has been

involved with over $2B in M&A and project financings for mining

• projects. Previously Mr. Ali was the CFO and Director of Centenario

Copper Corp before its acquisition by Quadra FNX Mining and CFO

• f EuroZinc Mining Corporation before it merged with Lundin

Mining.

Doug Forster, M.Sc. P.Geo, Director

+30 years resource project development, M&A, equity finance and public company management, Mr. Forster is President & CEO of Featherstone Capital, he has been Founder and director of several public companies

Francisco Arechaga Director of Corporate Affairs

Mining Engineering with over 30 years in the Galician Mining Industry. Previously Mr. Arechaga held the position of Chief Director of the Mina de Puentes, the largest open pit mine in Galicia

Lluís Boixet Country Manager

Over 25 years in exploration and development of gold and base metal projects in the Iberian Peninsula

Mgmt & Insiders 19% Institutional 32% Retail 45% Kinross Gold Corp 4%

Ownership Share Structure

Issued & Outstanding 104,694,437 Warrants

15,900,000 @ 0.10 (2019) 666, 720 @ 0.47 (2015)

15,900,000 666,720 Options 7,830,000 Fully Diluted* 129,091,157 Cash $1,100,000 January 2014 Market Capitalization 8.0 Million

*If Edgewater delineates a NI43-101 compliant resource of 3Moz of gold in the M&I category on the Enchi Gold Project, then Kinross can exercise an additional 2.5M warrants at $0.50 and 2.5M warrants at $1.00 (included in the fully diluted number above).

• An autonomous region, all mine permits granted

locally at the municipal and state levels (no federal approvals required), supportive from all levels of government

• January 2013, Galician government approved the

proposed 6,000 tpd Environmental Impact Statement (EIS).

• Excellent logistics with roads, power and water

amenable to low cost development

Corcoesto Plant site Drawing

NI 43-101 Pit Constrained Resource Summary (0.5 & 0.8 g/t Gold Cut-off)

Resource Class Cutoff (g/t Au) Tonnes (x1000) Gold g/t Contained Gold (x1000 oz)

Measured 0.5 14,910 1.34 644 Indicated 0.5 9,298 1.28 383 Measured + Indicated 0.5 24,208 1.32 1,027 Inferred 0.5 5,321 1.21 207 Measured 0.8 10,170 1.67 546 Indicated 0.8 6,065 1.63 317 Measured + Indicated 0.8 16,235 1.65 863 Inferred 0.8 3,733 1.44 173

• 1. Mineral resources were classified following the guidelines of the JORC Code (2012) an accepted reporting code in terms of Canadian National Instrument 43-101.
• 2. Mineral resources are constrained within a Whittle pit shell based on a gold price of US$1,400/oz.
• 3. Numbers may not compute due to rounding.
• 4. All grades have been quoted in grams per tonne (g/t) for the resource inventory.
• 5. Density values were assigned in relation to an oxide surface; no further distinction between fresh and oxide material has been made within this resource estimate.
• 6. There are no known legal, political, environmental or other risks that could materially affect the potential development of these mineral resources

Open-pit constrained 1.2 Million Ounce Gold Resource with significant potential at depth and on strike

The September 2013 Corcoesto NI 43-101 Resource Estimate Technical Report was prepared by Jason Che Osmond, M.Sc., EurGeol., C. Geol., FGS, Senior Geologist, Micon International Co. Limited and a Qualified Person (“QP”) as defined by National Instrument 43-101

6,000 tpd Years 1-10

(Base Case $US1300/oz)

Average annual production (Au oz) 102,000 Average annual net revenue ($US M) 60.0 Metallurgical recovery (%) 89.1 Strip Ratio 8.0/1 Average annual net cost ($US/oz) 713 Capital cost ($US M) (17.5% Contingency) 160 Pre-Tax Financial Model** $1100/oz $1300/oz $1500/oz Payback (years) 5.6 3.4 2.5 IRR (%) 12 24 34 NPV (5%) (Million) 71 206 340 Average annual net revenue ($US M) 40 60 80

*The NI43-101 Preliminary Economic Assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized. The Corcoesto Gold Project PEA Technical Report dated Dec 30, 2011 was prepared by Alan Noble, P.E., of Ore Reserves Engineering Inc., a professional independent mining engineer registered in the State of Colorado, USA and a QP as defined by National Instrument 43-101. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. **The Spanish corporate tax rate is 30%, but the impact of taxes on the project would be much less after allowances for depreciation, and structure of the local and international corporations. *Slide 09 includes the updated NI 43-101 resource estimate, the PEA economic details use the older (2011 resource estimate for these PEA calculations)

(Nov 2011)

• Capital cost ongoing, work confirms

low capex to date

• Operating costs inline with 2011

Preliminary Economic Assessment

• Metallurgy optimization underway
• Site layout complete
• Mine contractor rates confirmed
• Geotechnical/reclamation work

complete

• Flow sheet confirmed and design

nearing completion

• Permitting well advanced with EIA

completed (Dec 2012)

W 6000 tpd FEED ORE FEED ORE FEED STOCKPILE OPTIONAL INDERECT FEEDING 100 ton TRUCK 180 m3 BIN FEEDER JAW CRUSHER FEED BELT CONVEYOR MAGNET P80 - 150m m CRUSHED ORE STOCKPILE Diam.44.0m FEED BELT CONVEYOR SAG MILL VIBRATING SCREEN O/S +5m mm OVERSIZE CONVEYOR Water CYCLONE FEED PUMP HYDRO CYCLONE SUMP O/F TRASH O/S 2 BALL MILLS TRASH SCREEN CENTRIFUGAL CONCENTRATOR TAIL S U/F FLOTATION CONCENTRATE FLOTATION CELLS CONCENTRATE THICKENER CON C. FLOTATION TAILINGS DAM RECLAIM WATER POND O/F PROCESS WATER LOOP U/F TAILINGS THICKENER FLOTATION TAILINGS REGRINDING MILL (ISA) CONCENTR ATE GOLD ELECTROWINNING 8 CIL AGITATED TANKS CYANIDE DESTRUCTION CARBON ELUTION CARBON REGENERATION REGENERATED CARBON PREGNANT CARBON LEACH RESIDUE TAILINGS DAM SMELTING FURNACE GOLD DORE Design by : JAT Date28/01//2013 RETURN WATER TO PROCESS U/S U/S

• 5mm

WASTE ROCK/TAILINGS

Potential Resource below pits

Pozo Del Ingles Gold Zone Grade thickness long section

Corcoesto Gold Project – Plan Map

Peton de Lobo Gold Zone Grade thickness long section Cova Crea Zone Open at Depth

Potential extensions to structures on strike

Open at Depth Open at Depth

Current Open pit shell

• 51/49 Joint Venture with Kinross

Gold (TSX: K)

• Mid-stage exploration comprised of 8

licenses totaling 568km2

• Located above the highly prolific

Bibiani Shear Zone which is host to two >5 million ounce deposits

• Chirano Gold Mine ~40km NW covers

9km of the Bibiani Shear Zone

• Enchi covers 50km over the Bibiani

Shear Zone

• Airborne geophysical survey

identified +25 new targets

• Completed NI 43-101 Gold Resource

+1M ounces*

• All zones open at depth and along

strike

*see slide 16 for details

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NI 43-101 Mineral Resource Summary

Cutoff (g/t Au) Tonnes Gold g/t Contained Gold

0.30 71,241,000 0.65 1,489,295

0.40 51,633,000 0.76 1,269,739* 0.50 37,278,000 0.89 1,063,868 0.60 27,538,000 1.01 892,682 0.70 20,627,000 1.13 749,081 0.80 15,887,000 1.24 635,200 0.90 12,644,000 1.35 546,878

*West African average cut-off is 0.4g/t which represents +1.2M ounces Gold

• 1. CIM definition standards were followed for the resource estimate.
• 2. The 2012 resource models used ordinary kriging (OK) grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
• 3. A base cutoff grade of 0.7 g/t Au was used for reporting resources with a capping of gold grades at 18 g/t.
• 4. A density of 2.45 g/cm3 was applied.
• 5. Numbers may not add exactly due to rounding.
• 6. Mineral Resources that are not mineral reserves do not have economic viability

The July 2012 Enchi Gold Project Resource Estimate Technical Report was prepared by Todd McCracken, P.Geo. of Tetra Tech., who is independent

• f Edgewater and a Qualified Person ("QP") as defined by National Instrument

• Environmental Impact Permits – Approved
• Updated Measured and Indicated Resource

grew +200% completed with significant upside potential

• Management team has extensive M&A, mine

building, operational and in country open-pit expertise

• Low capital, simple and short timeline
• Committed to maximizing social economic benefits

to the region

Contact

Ryan King, Vice-President 604 628 1012 rking@edgewaterx.com www.edgewaterx.com

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