[PPT] - Going for Gold June 2013 1 Disclaimer This document may contain PowerPoint Presentation

SLIDE 1

1

June 2013

Going for Gold

SLIDE 2

2 June 2013

Disclaimer

This document may contain statements that constitute “forward-looking statements”, including, but not limited to, statements relating to the implementation of strategic initiatives, and other statements relating to our future business development and economic performance.  While these forward-looking statements represent our judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other statutory requirements may render actual developments and results to differ materially from our expectations.  These factors include, but are not limited to, (1) general market, macro-economic, governmental and regulatory trends, (2) movements in local and international securities markets, currency exchange rates and interest rates, (3) competitive pressures, (4) technology developments, (5) changes in the financial position or creditworthiness of our customers, obligors and counterparts, and changes in the developments in the markets in which they operate, (6) legislative developments, (7) management changes and changes to our business group structure and (8) other key factors that may adversely affect our business and financial model.   We are not under any obligation to (and expressly disclaims any such obligations to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. The technical and financial information presented are best estimates of management and are not JORC or NI43-101 compliant unless otherwise stated. Investors are cautioned not to place undue reliance on this information and not rely solely on the information presented for purposes of making investment decisions. This material may not be reproduced, distributed or transmitted to any other person or incorporated in any way into another document or other material without the prior written consent of LionGold.

SLIDE 3

3 June 2013

LionGold Corp Ltd Asia’s Own

Global Gold Company

SGX’s only Main Board-listed gold company

Market Capitalisation:

S$1.05 billion / US$854 million

Average Daily Trading Value:

S$20-25 million / US$16-20 million

MSCI Small Cap, Global + Singapore
FTSE ST Mid Cap
Market Vector Global Junior Gold Miners
Supportive of global listings
New focus on resource stocks, gold
Active, diversifying investor base

Mid Cap Liquid Index Inclusion

SGX-listed

Source: ShareInvestor 4 June 2013

Share price : S$1.14 52wk high/low : S$1.30/0.865 Shares in issue : 921.9m Bloomberg : LIGO SP

Gold Investments Prioritising Business Index Inclusion Key Acquisitions New Inst’l Shareholders

Warrant price : S$0.152 Warrants in issue : 269.9m Bloomberg : R5UW SP

Board, Shareholder Changes

SLIDE 4

4 June 2013

LionGold Corp

Going for Gold

Dynamic, Expanding Operations

Gold mining, from 2011
Seven projects
Two in commercial production
Initial growth acquisition-led,

value accretive

5.5m oz acquired in 2012 at

US$26/oz, US$126m (S$154m)

LionGold Resources

(ounces)

Reserves

(ounces)

Production

Annualised (ounces) Current 5,506,000 897,300 40-50,000

Target 2014 10,000,000 2,000,000 200,000

Figures are extracted from previous JORC- and NI 43-101-compliant announcements and are based on LionGold’s equitable stake in gold projects.

Differentiated Business Platform

Proactively managed project portfolio

Financial flexibility

Growth

2-3 acquisitions pa
Financial backing
Operational support
3 acquisitions
1 IPO
Funding partners

Value

1 IPOs pa
Funding partners
Low debt, dilution

Acquire scalable junior miners at attractive discounts Augment shareholder returns

SLIDE 5

5 June 2013

Key Mining Assets…Today

5.5m oz Gold Resources since March 2012 at US$26/oz

AFRICA AMERICAS AUSTRALIA

Castlemaine Goldfields Central Victoria (100%) Minera Nueva Vista (100%) Amayapampa, Bolivia Signature Metals (76%) Ashanti Gold Belt, Ghana Citigold Corporation (18%) Queensland Acadian Mining (9.35%) Nova Scotia, Canada Brimstone Resources Western Australia (100%) Unity Mining (13%) Tasmania + NSW

Global Projects

SLIDE 6

6 June 2013

Opportunity: Junior gold miners

Consolidation of a highly fragmented sector

Cost & time overruns Discovery + production gaps Risk adversity: banks and shareholders

Funding Shortfall

200 400 600 800 1000 1200 1400 1600 1800 2000

100%

0% 100% 200% 300% 400% 500% May-03 Nov-03 May-04 Nov-04 May-05 Nov-05 May-06 Nov-06 May-07 Nov-07 May-08 Nov-08 May-09 Nov-09 May-10 Nov-10 May-11 Nov-11 May-12 Nov-12

Percentage Increase

Gold Prices vs Junior Miner Index

May 2003 – May 2013

Dow Jones North American Select Junior Miner Gold Total Return Index Spot Price of Gold

CONSOLIDATE

Gold price volatility Credit constraints

BOOM

Rising gold prices Easy credit

Recent gold price volatility has greatly increased opportunities to buy developed mining assets at substantial discounts to market valuation

Gold miner prices have fallen far further than the price of gold

SLIDE 7

7 June 2013

Other Asian-listed Goldcos

Single-project / country focus

Company Bourse Market Cap

Ave Dly Trading Volume

Resource Operations LionGold Corp

SGX

Main Board

US$800m US$15m 5.5m oz 7 Projects: Australia, Africa, Americas CNMC Goldmine SGX

Catalist

US$145m US$0.2m 0.5m oz Malaysia, Sokor project G-Resources HSE US$950m US$2.5m 8.1m oz Indonesia, Martabe project Zhaojin Mining HSE

H-Share

US$4.3b US$12m 25m oz Projects in China, in production China Gold

,,,

HSE US$1.14b US$0.8m 14m oz Projects in China, in production Zijin Mining HSE

H-Share

US$12b US$12m 30m oz Projects in China, in production Lingbao Gold HSE

H-Share

US$334m US$0.5m 1.4m oz Projects in China, in production China Precious Metals HSE US$800m US$1m 7.2m oz Projects in China, Mongolia, in production

June 2013

Market cap and average daily trading volume has been approximated for the past 6 months based on Bloomberg data

SLIDE 8

8 June 2013

Acquisition Strategy

Adding value today by accelerating Group Production Profile
Gold production 100,000 oz pa
or clear path to ramp-up, 6-12mos
> 1 million oz gold Reserve
2 million oz gold Resource
7 years LOM
Organic cashflow growth
< US$1200 per ounce all in cost
Strong working capital position
Up to US$100m investment

LGC ALLURE

Shares ≈ cash
SGX-listed
De-risking of assets
Geographic
Funding access
Lower dilution risk
Broader opportunities
Bigger, global group

SCREENING

Gold producers globally

Low / no debt
Willing seller
Competent management
Assets vs companies

Better opportunities from April 2013

Accelerated streamlining by gold majors
Divestment of non-core assets
Realistic valuation expectations by juniors
More favourable environment for negotiation,

cost cutting, capital discipline

SLIDE 9

9 June 2013

End Production

Exploration

Targeting the “Sweet Spot”

Producing / near-producing assets

Mining Project Life Cycle

Pre- Feasibility Scoping Study Feasibility Study

Extension

Value Risk

5-10% 10-20% Brownfields Greenfields

Indicative Capital Allocation

70-85%

Maximise Value, Mitigate Risk

Development Production

SLIDE 10

10 June 2013

Geographically diversified

Risk Management

Developed

Stable business environment
Infrastructure, skilled labour, funding
Can be high-cost

Australia

Established global mining industry
Excellent skills-base
Many junior miners

45% 10%

“De-risking”

Investment & Resource Friendly Emerging Developed Friendly Emerging

Bigger opportunities
Lower entry cost

Ghana, Ashanti Gold Belt

Stable, foreign-friendly
Established gold industry
Highly prospective, scalable

“Challenging”

Good value

Bolivia

Relationships key

Bolivia

“Challenging”

BMT CTO CGT

Australia

60%

Ghana

34%

6%

SLIDE 11

11 June 2013

Operating Objectives

Balance & Prioritise

Mine Profile

Resource expansion Reserve replacement Production stable, growing Increasing Life of Mine

Prioritise

Community Environment, Health, Safety Education & Training P r o d u c t i o n E f f i c i e n c y

SLIDE 12

12 June 2013

Results delivered

Going forward



Project Acquired

Castlemaine Goldfields (100%) Signature Metals (77%) Minera Nueva Vista (100%) Brimstone Resources (100%)

Acquire “Gold in the Ground” Fortify the Business

2012 2013 2014

Divest Green Businesses

Grow Organic Production

Integrate resources Grow team, alliances

Expanded Funding Options

Project IPO Project financing

Acquire Producing Assets

New market opportunities 10 million oz Resource 2 million oz Reserve 200,000 oz pa Production 5 year Life of Mine

Ongoing Initiatives

Shareholder Return Minimise Volatility Raise Transparency Mitigate Balance Sheet Risk

Strategic Investments

Citigold Corporation (18%) Acadian Mining Corporation (9.35%) Unity Mining (9.35%)

Global Gold Co

36% Shareholder Return

Junior Miners -16%, Gold +7% US$

4% Shareholder Return

Junior Miners -44%, Gold -16% US$

SLIDE 13

13 June 2013

Optimise Funding : Projects

Maximise Growth, Protect Shareholders + Balance Sheet

LGC

Market cap

~ US$850m

Grow

Bankable assets
Gold production
Fee income

Execution of 100 day + 2 year business plans

Fund

Listing of subsidiaries
Project financing
Venture capital
Structured options

Mitigate equity dilution, Maintain strong balance sheet

Invest

Undervalued gold interests

Up to 20% of share capital per annum

Project Development Strategy

Self-fund Grow market cap

List cos
Private Companies
Assets

2-3 acquisitions yearly

SLIDE 14

14 June 2013

Shareholding Structure

Local HNW + Retail, Growing Institutional

Asian Institutional Investors

Pension, mutual, sovereign
Dedicated Singapore, Malaysia, ASEAN + commodity-focused funds
Few investable metals / gold stocks, in Southeast Asia

Global Institutional Investors

Boutique, Private Equity
Diminished selection of mid-cap gold companies
Few Asian-listed options

Retail Investors

Singapore, Malaysia, HK/China
Gold Bugs, news flow sensitive
Limited investment options vs US, UK, Australia, Canada
Private Equity vehicles: largely available only to HNW investors

Broadening Investor Base

Asiasons Capital Ltd

8.5%

Dato’ Md Wira Dani Bin Abdul Daim

6.4%

Van Eck: Market Vector Junior Gold Miners ETF

5.8%

Tan Sri Dato’ Nik Ibrahim Kamil

4.4%

5 June 2013

SGX-listed private equity group; early investor Non-Executive Director Non-Executive Chairman

Among other noteworthy institutional investors are Weiss Capital, Nomura, Macquarie and Credit Suisse

SLIDE 15

15 June 2013

Healthy Balance Sheet

As at 31 March 2013

Convertible Bond – US$23m

9% coupon, due 2015
Placed with institutional investors
Convertible into 24.8m new LGC shares

~ US$20m of the bond is outstanding (~22m shares)

Warrants - 1:4 – S$15m

229m warrants issued at 6.5¢ each
Exchangeable 1:1 into new LionGold Shares at an

exercise price of S$1.1717

SGX-listed, expiry 17 December 2015
Raised S$15m, plus up to S$268m on warrant conversion

Placement – S$47m

42m new shares issued at S$1.057 each

+ 41m new warrants issued at 6.5¢ each

New shares to rank pari passu with existing shares
Raised S$47m, plus up to S$48m on warrant conversion

Oct 2012 Sep 2012 May 2012

Assets

Current assets Non-current assets Total Assets Current liabilities Non-current Total Liabilities

NET ASSETS

S$m 131.3 259.2 390.5 48.1 66.4 114.5

276.0

Placement warrants are convertible under the same terms as the rights warrants

Cash and equivalents at S$47.0m

SLIDE 16

16 June 2013

Core Management Team

Seasoned financial & technical expertise

CEO & MD

Nicholas Ng

Board of Directors

General Counsel

Raymond Tan

COO

Matthew Gill

Also Executive Director and

Company Secretary

Provided legal advisory to

LionGold since 2007.

Over 30 years legal experience

including 15 years with Robert Wang & Woo LLP where he was Partner, and Head of the Corporate & Commercial Department.

18 years in investment

banking and corporate advisory in Asia-Pacific.

Former Corporate Finance,

Co-Head for DMG Partners and Corporate Finance Head for HL Bank.

Former CFO of SGX-listed

Darco Water Technologies.

Mining engineer with over 30

years experience in all aspects of exploration and mining in Australia, India and Papua New Guinea.

Turned around Ballarat Mine

for Castlemaine and the Beaconsfield Mine, Tasmania.

Australian Mine Manager of the

Year for 3 years.

17 years as a corporate

lawyer, including acting as general legal counsel for public listed companies.

7 years actively involved in the

setting up of iron ore and gold mining operations around the world, from Mali to Mongolia.

Spearheading LionGold’s

M&A effort globally.

28 years in financial markets.
Former CEO of DMG Partners, and MD
f Citicorp Investment Bank, Singapore.

Previous Head of Asia Investment Banking at Rabobank.

Concluded numerous IPO, M&A,

privatisations and other financial transactions in Asia-Pacific.

CFO

Brendan Goh Corporate & Business Development Director

Peter Chen

Audit Committee
Remuneration Committee
Nomination Committee
Technical Committee

SLIDE 17

17 June 2013

Group Structure

As at June 2013

Signature Metals

76%

Castlemaine Goldfields

100% 100%

18%

Citigold Corporation

Operations

Brimstone Resources

Owere Mines

70%

Minera Nueva Vista

100%

Board of Directors

LionGold Corp Ltd

Investment

Tan Sri Dato’ Nik Ibrahim Kamil

Non-Executive Chairman Over 45 years managerial and business experience across a range of industries, including mining, media, financial, energy and infrastructure. Asiasons WFG Financial Chairman. Actively involved in resource M&A in Asia and Africa and banking in sub-Saharan Africa. Professionally qualified accountant with affiliations in the UK, Australia and Malaysia with experience in Australia, Southeast Asia and South Africa. Over 40 years experience in senior technical, financial and management roles in the mining industry globally, including with Rio Tinto and Plutonic. Ten years with PwC, followed by more than two decades evaluating, developing, financing and administrating mining projects globally. Twenty years of legal practice with a broad range of experience ranging from litigation and conveyance to corporate and commercial matters. Accountant with extensive experience in project development, finance and business development throughout Asia.

Nicholas Ng

Chief Executive Officer and Managing Director

Raymond Tan

General Counsel and Executive Director

Dato’ Md Wira Dani Abdul Daim

Non-Executive Director

Roland Selvanayagam

Independent Non-Exec Director

Dr Denis Clarke

Independent Non-Executive Director

Gary Scanlan

Independent Non-Executive Director

Lynne Ng Su Ling

Independent Non-Executive Director

Bernard Soo

Independent Non-Executive Director Former CEO of DMG Partners and MD of Citicorp Investment Bank, Singapore. Previously head of Asia investment banking at Rabobank. Over 30 years legal experience including 15 years with Robert Wang & Woo LLP where he was Partner and Head of the Corporate & Commercial Department.

Acadian Mining Corporation

9%

Unity Mining

13%

SLIDE 18

18 June 2013

On track for 2014 target

5.5 million gold ounces acquired in 9 months

Figures are extracted from previous JORC- and NI 43-101-compliant announcements. Resources include Reserves. For Projects in which LionGold has a controlling stake, the Resources and Reserves are based on 100% of the Project’s holding. For Citigold Corporation, Resources and Reserves are based on LionGold’s 18% equitable holding of the Charters Towers Project’s 11 million ounces of gold Resources, inclusive of 620,000 ounces of Reserves.

Company LGC Interest Country Project Resources

(ounces)

Reserves

(ounces)

Production Target

Annualised (ounces) Castlemaine Goldfields 100% Australia Castlemaine 686,000 ̅ ̅ Ballarat 71,700 ̅ 40-50,000 Signature Metals 76% Ghana Konongo 1,470,000 ̅ 15,000 Minera Nueva Vista 100% Bolivia Amayapampa 1,280,000 787,300 20-30,000 Brimstone Resources 100% Australia Penny’s Find 52,300 ̅ Under review Citigold Corporation 18% Australia Charters Towers 1,946,000 110,000 20-30,000

Total 5,506,000 897,300 95-125,000 TARGET 2014 10,000,000 2,000,000 200,000

Acadian Mining Corporation

9.35% Canada Beaver Dam 950,000 ̅ ̅ Fifteen Mile Stream 308,000 ̅ ̅

Unity Mining

13.2% Australia

Henty Mine 338,000 133,000 50,000 Lakeside

66,000 ̅ ̅

Darques Reef 327,000 233,000 50,000

Significant Shareholder

SLIDE 19

19 June 2013

Castlemaine Goldfields Ltd

High grade nuggety ore

Excellent facilities in established gold region, Central Victoria, Australia

Five concessions in total with JORC Resources

in Ballarat (producing) and Castlemaine

Ballarat Mine production at 40-50,000 oz pa
Ore processing capacity of 600,000 tpa
Ramped up from mid-2012
Cash Operating Costs target US$830/oz in 2013
Life of mine + production enhancement

through ongoing extension and exploration

Resource

Gold

(ounces)

Tonnage

(tonnes)

Grade

(g/t)

Castlemaine 686,000 2,760,000 7.7 Ballarat 71,700 263,000 8.5 Total 757,700 3,023,000 7.9

Figures indicate historical gold production at Castlemaine Goldfields’ five tenements

100% owned by LionGold from October 2012 Figures shown are based on previously quoted JORC-compliant statements

SLIDE 20

20 June 2013

Flagship Owere Mines (70% owned) holds the Konongo Gold Project, Ghana

192 km2 concession in Ashanti Gold Belt
16 known gold deposits, 12 km strike
80 km along strike from Ashanti AngloGold’s

>200,000 ounce pa, 30 million ounce Obuasi mine

Substantial untapped high-grade UG potential
Historic production of 1.6 million ounces

at 11.8 grams per tonne, mostly from UG

Now managed in-house

Signature Metals Ltd

Prioritising exploration targets

Konongo Gold Project

Resources1 Gold

(ounces)

Tonnage

(tonnes)

Grade

(g/t)

Measured & Indicated 779,600 13,100,000 1.9 Inferred 687,100 10,500,000 2.0 Total 1,466,700 23,600,000 2.0

76.22% owned by LionGold as at April 2012 and listed on the ASX. Figures shown are based on previously quoted JORC-compliant statements.

SLIDE 21

21 June 2013

Minera Nueva Vista

Acquisition complete

Amayapampa Project

Amayapampa Gold Project, Bolivia

Resources of 1.28m oz, inclusive of 787,000 Reserves
NI 43-101 compliant
Owns the rights to 38 overlapping concessions totaling

34 km2, located 290 km southeast of La Paz

Options for an open pit facility under review;
Low strip ratio of 1 : 1.3
Foothold in Latin America

Amayapampa

Category Gold

(ounces)

Tonnage

(tonnes)

Grade

(g/t)

Reserves Probable 787,300 18,900,000 1.3 Resources Indicated 979,637 26,160,000 1.2 Inferred 300,363 8,750,000 1.1 Total Resources 1,280,000 34,910,000 1.2

100% owned by LionGold from December 2012. Resource is inclusive of Ore Reserves. Figures based on previously quoted NI 43-101-compliant statements

SLIDE 22

22 June 2013

Citigold Corporation Ltd

18% strategic investment

Charters Towers Project

Charters Towers tenements near Townsville, Queensland

“Australia’s highest grade gold field”
56 mineral holdings spanning >1,500 km2
Significant Life of Mine potential, >10 years
Ore processing capacity of 340,000 tonnes
Single largest shareholder, 2 board seats
Ripe for review, revamp

ASX-listed, 18% owned by LionGold from December 2012

Refer to www.citigold.com for JORC-compliant statements.

Indicated Resources includes Probable Reserves, and Inferred Resources includes Indicated Resources.

Charters Towers