Investor Presentation January 2014 M I N E R A G O L D L I M I T - PowerPoint PPT Presentation

Drilling at Torrecillas – July 2011 Investor Presentation January 2014 M I N E R A G O L D L I M I T E D 1

Company Overview ASX Listed Gold Mining and Exploration • Company Gold Production, Feasibility and Exploration • in southern Peru via +16,000Ha of under- explored concessions Focused on achieving a run rate of 18koz • per annum by end of 2014 from existing known deposits Cost cutting plans being implemented to • reduce cash cost to ~$700/oz Recent discovery of two large tonnage low • grade disseminated targets in Peru could materially change Minera Gold (+ 2.9M oz potential as an exploration target*) Exposure retained to Engenho Open Pit • Gold Targets in Brazil via new JV *The term “Exploration Target” should not be misunderstood nor misconstrued as an estimate of Mineral Resources and Reserves as defined by the JORC Code (2012) and therefore the term has not been used in this context. It is uncertain if further exploration or feasibility study will result in the determination of a Mineral Resource or Mining Reserve. M I N E R A G O L D L I M I T E D 2

Investment Highlights Production  High-grade narrow vein Torrecillas gold mine in production in southern Peru.  Focused on reaching ~18,000 oz Au annualized production by end of 2014 driven by lease of our own processing plant.  Focus on increase in production and operating margin at Torrecillas to partially fund exploration in 2014. Peru Exploration Upside  Near mine exploration potential for increasing resources and developing reserves.  16,000ha + exploration package including high priority Tumi project. Optionality through Brazil JV held on books for Zero. M I N E R A G O L D L I M I T E D 3

Corporate Overview ASX Listed – Ticker MIZ Capital Structure Directors and Key Management Existing Shares on Issue 622.1 M • Alex Losada Chairman • Market Capitalization ~$4.0 M • Ashley Pattison CEO / MD • Cash at Bank – 31 Dec 2013 ~$0.4 M • Ryan Welker NE Director • Unsecured Term Debt $2.5M • Unsecured Convertible Debt $2.7 M • Key Shareholders 1. Pershing Australia Nominees 8.28% 2. Citigroup Nominees Pty Limited 5.92% 3. Slade Technologies Pty Ltd 5.22% 4. Nino Constructions Pty Ltd 4.86% 5. West Trade Enterprises Pty Ltd 3.94% 6. HSBC Custody Nominees 3.13% M I N E R A G O L D L I M I T E D 4

Directors and Key Management Alex Losada, Non-Executive Chairman (Based in Australia) Alex has over 25 years ’ global experience as a geologist, project manager, and country manager and is currently MIZ’s competent technical person, working in-country on production and exploration strategies. Alex was previously head of exploration for Southwestern Resources Corp which accumulated substantial landholdings and operations in Southern Peru prior to being taken over by Hochchild Mining PLC in 2009. Previous roles held by Alex include Non-Executive Director of Arafura Resources Ltd, Country Manager for Overseas Mining Investments Ltd, a US$525M Cuban Ferro Nickel project, Project Manager for Ausenco (Latin America) and Project Manager for MIM Holdings Ltd (Latin America). He holds a PhD in Economic Geology and Geochemistry from Monash University, Australia and Honors in Geological science from the Universidad Nacional del Sur, Argentina. Ashley Pattison, Chief Executive Officer and Managing Director (Based in NY) Ashley has been the CEO of Minera Gold for the last 2 years and has more than 15 years experience working in a number of diverse roles servicing the mining industry including Director of corporate finance at Deloitte, Head of Corporate at DJ Carmichael (a resource focused stock broking firm) and was the CEO of a large mining service company for two years prior to joining Minera Gold. Ryan Welker, Non-Executive Director (Based in NY) Ryan has previously worked for Standard Bank, Rio Tinto and Hancock Prospecting and more recently with a broad range of mining finance groups, mining companies and other mining industry service companies as a consultant. Ryan was also a former non-executive director of Mineral Resources Limited. Ryan specialises in formulating commercial development strategies, resource project acquisitions/divestures, joint ventures and debt finance for projects and companies with a heavy focus on developing nations. Ryan is a graduate of Regent's Business School London with a BA (Hons) in International Finance and Accounting. M I N E R A G O L D L I M I T E D 5

Peru Management Team Alex Losada-Calderon – Competent Person and Technical Adviser Alex has more than 25 years ’ experience working worldwide as a geologist, project manager and country general manager. He has been involved with MIZ as our competent technical person for the last 18 months and has been working closely with myself in country on the current production and exploration strategies. He holds a PhD in Economic Geology and Geochemistry from Monash University in Australia and holds Honors in Geological science from the Universidad Nacional del Sur, Argentina. Alex spent more than three years as the head of exploration for Southwestern Resources Corp who accumulated substantial landholdings and operations in Southern Peru prior to being taken over by Hochchild Mining PLC in 2009. Alex ’ s experience ranges from greenfield discoveries through to feasibility studies and the development of major mining projects in the Caribbean, Latin America and China, primarily involving with IOCG and Porphyry deposits. Previous roles held by Alex include Non-Executive Director of Arafura Resources Ltd, Country Manager for Overseas Mining Investments Ltd, a US$525M Cuban Ferro Nickel project, Project Manager for Ausenco (Latin America) and Project Manager for MIM Holdings Ltd (Latin America). Emilio Galvez – Operations Manager Emilio was previously the Operations Manager of the Calpa Mine, approximately 15km away from Torrecillas. Prior to that, he was the General Manager of Operations for nine years at CORPORACION MINERA EDELMIN S.A, a Swiss- owned mining company which operated gold and copper mines in the Chala, Cháparra and Arequipa regions in Southern Peru. Emilio is a geologist by training. Alison Farrell – Operational Consultant Alison is an Australian mineral economist based in Vancouver with more than 12 years’ experience in the evaluation and management of natural resource projects in Latin America. Alison was previously based in Santiago, Chile where she was the General Manager and Director of Andes Mining & Energy S.A. and Project Manager of a mid-tier copper mine in northern Chile, which was awarded Chile’s 2009 Mine of the Year. She has strong relationships in the mining, power and financial industries, both public and private, across Latin America. Alison’s experience is an essential addition in ramping up production at Torrecillas, integrating the operations in the short-term and bolstering the profile of Minera Gold through her contact base. M I N E R A G O L D L I M I T E D 6

Peru Asset Portfolio M I N E R A G O L D L I M I T E D 7

Why Invest in Peru? #1 Producer of Gold, #2 Producer of Strong legal Lead, Tin, Zinc in copper and silver in framework for mining Latin America the world and investment BBB+ S&P rating $26.3b of mining (higher than Mexico, exports in 2011 Relatively low labour Brazil, and (61% of total and mining costs Colombia) exports) Sustained economic #2 most attractive Only 13% of Peru growth for last 10 country for covered by mining concessions – 1% years. Forecast 6% investment in Latin growth over next 5 America (World currently mined or years Bank 2014) explored M I N E R A G O L D L I M I T E D 8

Southern Peru – A Prolific Gold Belt MIZ Properties Minas Esperanza Commenced: 2009 Minas San Juan Treatment: 450TPD Commenced: 1970 Grade: 2% Cu & 8 g/t Au 0.6M Oz Annual Prod: 12,000 Oz Treatment: 350TPD Grade: 7.9 gr/t Au Annual Prod: 18,000 Oz M I N E R A G O L D L I M I T E D 9 M I N E R A G O L D L I M I T E D

2014 Strategy – Overview Minera Gold has:  High-grade narrow vein UG gold mine at Torrecillas in Peru.  Exciting exploration assets: near mine exploration at Torrecillas and also at Tumi.  JV on development stage gold assets in Brazil.  2013 has been a year of consolidation and re-focus on ramping up production in Peru. To maximise cash flow from Peru over next 12 months:  Focus on lowering costs and increasing operational efficiency at Torrecillas. Achieved through:  Replacement of OPEX fleet with $2.5M Capex Program to go owner operator  Horizontal development at Torrecillas to discover low cost ounces to the east and west  Bring on additional veins (Ady, Tessie and Rebeca)  Operating Lease of processing plant is key ~>$200/oz cash cost reduction.  Secured for 3 years with first processing to occur in April 2014  Opportunity to develop heap leach pad to process stockpiled and easily accessible oxide ore within the existing mining permit. M I N E R A G O L D L I M I T E D 10