Version 3.1 Investor Presentation May 2010
Disclaimer mer This presentation may contain forward‐looking statements concerning the Company’s plans for its properties, operations and other matters. These statements refer to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning reserves and mineral resource estimates may also be deemed to be forward‐looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward‐looking statements”. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward‐looking statements. Forward‐looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward‐looking statements if these beliefs, estimates and opinions or other circumstances change. Investors are cautioned against attributing undue certainty to forward‐looking statements.
Capital aliza ization ion Summary ry Shares outstanding 64.6 mil Warrants 12.5 mil Options 5.5 mil Fully Diluted 82.6 mil Share Price C$ 0.30 Market Cap: C$ 20 mil 52 – week range C$ 0.69 – 0.09 Cash Position: $1.0 mil Warrants/Options $ 6.2 mil Management/Board ~ 25% as of May 1, 2010 3
Management ement Richard A. Thibault, P. Eng., Directo tor, President t and CEO • Over 32 years of engineering, operations, management and consulting experience in North and South America • Held senior executive positions for several junior exploration and mining companies in Latin America • Director Argentex Mining Corporation Brad Van Den Bussche, P. Geo, Directo tor & VP Explorati tion • Over 25 years in both the mining and energy business • Worked mainly as a geologist, project manager, and an executive focusing on exploration and new business development • Concentrated on technical evaluation and project management for the resource industry 4
Management ement cont’d Robert rt James, s, C.M.A., Chief Fina nanc ncial Officer • Over 30 years of experience • Director, Officer, Chief Executive Officer and CFO of various TSX-V listed companies & private companies • Participated in many financings, re-financings, acquisitions, divestitures, mergers and re-organizations Germa man n Guerrero rero, Genera ral Manager, ger, Colombia Operations ns • Over 17 years of experience in Colombian Mining Industry • In public sector with SENA, Ministry of Mines and Ingeominas • In private sector Ingenieria y Gestion del Territorio S.A. • A mining engineer specialized in Economic Evaluations of mining projects 5
Directo tors rs J. H. (Jim) Decker, , Chairman, , Mining Engineer (President, Jim Decker & Associates Inc.) Greg Harris s – Lawyer (Securities Specialist) John Morgan gan – Geologist (President, Infinito Gold) Brian an Murray ay – CA (Chairman, Nebu Resources) Rick Thibau ault t – Mining Engineer (President & CEO, Antioquia Gold) Brad d Van Den Bussc sche – Geologist (VP Exploration, Antioquia Gold) 6
About ut Antioqu quia ia Gold • Manage gemen ment experience in mine exploration and development including Colombia • Focus on mineral opportunities in Colombia, especially gold, since 2007 • Flagsh gship: p: Cisneros Property 80 km northeast, on paved highway, from Medellin, a city of 3 million • Contr trol a total land package of +37,000 hectares • IGTER: renowned Colombian geology and mining consultants 7
Milestone nes s since inception Sept. Acquired Guayabito Property 2007 Oct. Assembled Senior Management Team 2007 Nov. Compiled NI 43-101 Property of Merit 2007 Jan. Commenced Exploration of Cisneros Project 2008 Mar. Completed RTO & Name Change AM-VES/HIAM 2008 Aug. Listed August 2008 on TSX-V: AGD 2008 Sept. Established Base in Medellin 2008 July Added Key Lands at Cisneros 2009 Sept Purchased IGTER 2009 Oct. Initial Drilling Program 2009 Dec. Gained Access to Large Land Package 2009 8
Colombia bia
Colombi mbia • Most prolific gold producer in S.A. • Under-explored • High potential for new discoveries • Stable democratic government • National security policy (FARC under control) • Attractive investment regulation • Attractive mining policy and Mining Code • Competitive human capital • Legal stability 10
Depart artment ent Of Antioquia quia Antioquia means “land of gold” • Antioquia’s mineral resources widely recognized • Main gold-mining producer of Colombia • (over 75% of yearly Colombian production) Over last 50 years: over 16 million ounces produced • Mining ng Production in in Antioqui uia 2005 2005 – 2008 (in troy ounces) 2005 2006 2007 2008 Gold 716,597 344,831 367,015 835,871 Silver 140,307 174,578 229,952 205,554
Cisneros ros Propert rty N 2 Km CISNEROS Guayabito La Manuela 178 ha, 100% 101 ha interest, 2% NSR 100% interest Santo Domingo Pacho Luis (JV) 5,243 ha, 104 ha 90% interest 100% interest Current nt Cisneros Land nd Package 5,625 ha All earn-ins / purchase conditions fulfilled 1 Km
Cisneros neros - Geologica ical l Settin ing • Antioquia Batholith – Granitic/Granodioritic • Central Cordillera • Structurally Controlled Mesothermal Lode Gold System – Analogy to Red Lake, Bralorne • Extensive History of Artisanal Mining 13
Cisneros ros – Geology gy • Structu turally Contr trolled d Miner eraliza zati tion on • Gold d Dominant t System tem • Inter tersec ecti tion ons and Cluster tering g of Structu tures are Key 14
Cisneros neros - Explo lorat atio ion to Date • Mapping ping: Regional & Detailed • Rock k sample les: : 520 • Soil il sample les: 913 • Trenching ing: : 2.7 km • Stream m sedime iment / panning: : 223 • Artisanal al Workings: : +60 • Geoph physic ical al Surveys: 13.2 km • Spent to Date: : ~ US$5 Million
2009 Drilling ng Program 30 holes 3,920 meters 2,218 samples es Results ts • Confirmed majority of the mineral structures at surface and in artisanal workings can be traced both laterally and vertically • New structures and extensive zones of mineralization and alteration have been identified, particularly at depth. • Hit significant gold values in all the targeted structures
2009 Drilling Program ram Select ct Results ts PC09-26 PC09-20 6.91 m Average 15.73g/t 1.05 m @ 31.21 g/t Au 0.59m @ 162.66 g/t 0.70 m @ 216.7 g/t Au 11.67 m Average 22.56 g/t
Cisner eros - Drill Prospects ts L5671005 Guaya yabito L5671005 H7175B005 El Picacho Guayabito ILD-14271 T1498005 La Quiebra Drilling holes 2009 Manue uela Drilling holes 2010 La Manuela River Drainaje El Limón Paved road unpaved road Properties Chapul ulin Guaico - Nus 18 18 H7175005
2010 Drilling g Program • 10,000m core drilling program • Establish continuity of the key mineralized structures identified at Guaico-Nus and Guayabito • Quantify size and gold potential • Structural delineation at depth • Test geophysical anomalies & photo interpretation targets • Test new prospects identified in artisanal workings and surface exploration
2010 Drilling ng Program 10,000 meters +3,000 samples les ~75 holes • First 20 drill holes (2015m) have successfully intersected Guaico north- south structure and the Nus east-west structure. • Awaiting results and interpretation for these holes, to put together a news release on the findings.
Cisne neros os – Next t Steps ps • Expand geophysical programs • Finish 10,000m drill program • Evaluate results of drilling and geophysics • Design exploration tunnel • Metallurgy test work
Land d Holdings s in Colombia ia Total al Land d Packag age +37,000 hectares Cisneros os: +5,600 hectares ( Flagship) • Other Holdings gs ~32,000 hectares • (Vetted +200,000 hectares) Strate ategi gic Properti ties: : located along the productive • Cauca Porphyry Belt near high profile projects Potenti tial al: : Continually evaluating opportunities • 22
Strateg tegic ic Propert erties es Six other prospect areas in Colombia all situated within the • prolific Cauca Porphyry Belt Total 32,000 ha (approx.) : Concordia-Betulia 12,387 ha Caicedo 3,156 ha Manizales Norte 10,091 ha Jerico 3,105 ha Gavia 2,887 ha Aguadas 371 ha All projects lie below 2,800m elevation and are not affected • by the new mining law protecting the Paramo highland ecosystems (+3,200m) in Colombia 23
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