March 2011 Guyana Presentation 1 Forward Looking Statement This - PowerPoint PPT Presentation

March 2011 – Guyana Presentation 1

Forward Looking Statement This presentation of Guyana Goldfields Inc. (the "Company") contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "aims," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as such information constitutes a prediction of what might be found to be present when and if a project is actually developed. Forward-looking statements this document includes are statements regarding: the Company's expectations regarding drilling and exploration activities on properties in which the Company has an interest; and the Company's statements regarding estimates of resources on properties in which the Company has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of their respective dates. Important factors that could cause actual results to differ materially from the Company's expectations include among others, risks related to fluctuations in mineral prices; uncertainties related to raising sufficient financing to fund planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the estimation of resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overrun or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations; risks associated with title to mineral properties; and other risks and uncertainties discussed appear elsewhere in the Company's documents filed from time to time with the Toronto Stock Exchange and Canadian securities regulators. These statements are based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and programs on reasonable terms, and the ability of outside service providers to deliver services in a satisfactory and timely manner. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as expressly required by applicable securities laws, the Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. This presentation uses the terms "Inferred Resource", "Indicated Resource" and "Mineral Resource". The Company advises readers that although these terms are recognized and required by Canadian securities regulations (under National Instrument 43-101 "Standards of Disclosure for Mineral Projects"), the US Securities and Exchange Commission does not recognize these terms. Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred Resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of an Indicated or Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Assessment as defined and permitted under National Instrument 43-101. Readers are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. The Mineral Resources stated in this news release are not mineral reserves and, in the absence of a current feasibility study, do not demonstrate economic viability. The determination of mineral reserves can be affected by various factors including environmental, permitting, legal, title, taxation, socio-political, and marketing issues. 2

Creating Opportunities Helping Communities Caring for the Environment Proudly Building a World-Class Mine 3

Emerging Gold Producer 6.7M oz growing Resource Aggressive Expanding at Aurora on positive 2011 drill PA results programs Highly Mining prospective friendly exploration jurisdiction portfolio Support Initial Sulphur from the IFC of the Rose Resource World Bank Estimate Group 4

Corporate Snapshot March 11, 2011 Symbol: TSX: GUY Top 15 Shareholders Shares % Shares Issued 83,295,743 Acuity (7 funds) 8.1M 9.7% Options 6,893,658 Franklin Resources (Templeton) 6.3M 7.6% Warrants 0 Patrick Sheridan Jr. (Founder/CEO) 5.4M 6.5% Diluted: 90,189,401 RBC Global 4.9M 5.9% 52 week: Hi/Lo C$11.79 / C$6.13 IFC (World Bank Group) 4.5M 5.4% 3-month average volume: 467,702 Market Cap (at C$ 10.34) C$861 million Van Eck 4.3M 5.2% Cash Position C$63 million Manulife Financial (Canada) 3.0M 3.6% Monthly burn rate C$4 million Sprott (2 funds) 2.8M 3.4% Debt $0 Tyrus Capital (UK) 2.5M 3.0% Symbol: Frankfurt: GG3 Blackrock (UK) 2.0M 2.4% WKN A0D975 Mackenzie Financial 2.0M 2.4% ISIN CA4035301080 Columbia Wanger Asset Mgmt. 1.9M 2.3% Insider, 7% Oppenheimer Funds 1.8M 2.2% Carmignac Gestion 1.7M 2.0% Retail 36% U.S. Global Investors 1.0M 1.2% 5 Instit., 57%

Analyst Coverage Cormark Securities Inc. Buy Richard Gray, Target Price: $15.50 (02/28/11) Paradigm Capital Speculative Buy Don Blyth, Target Price: $15.00 (11/12/10) BMO Outperform Andrew Kaip, Target Price: $12.00 (02/28/11) TD Newcrest Speculative Daniel Earle, Target Price: $14.00 (02/28/10) Buy Salman Partners Buy David West, Target Price: $13.75 (11/12/10) Dahlman Rose & Co. Buy Adam Graf, Target Price: $17.13 (02/28/11) Raymond James Outperform 2 Brad Humphrey, Target Price: $15.00 (02/28/11) Scotia Capital 1-Sector Trevor Turnbull, Target Price: $16.50 (02/28/11) Outperform Jennings Capital Inc. Speculative Buy Stuart McDougall, Target Price: $16.00 (02/16/11) RBC Capital Markets Sector Perform Michael Curran, Target Price: $12.00 (03/02/11) 6

Cooperative Republic of Guyana  Only English speaking country in Quotes from Prime Minister Sam Hinds, South America with British common with responsibility for the mining sector: law and secure tenure - part of the Commonwealth “We are simply elated that a new large mine is opening up in Guyana. This is good news  Democratically elected government for the country and good news for the under parliamentary system industry.”  Guyana GDP: US$1.13B; ~ Reuters, September 22, 2008 GYD$ 236.157B “The Government welcomes and fully  Pro-mining jurisdiction & supports all investment, foreign and local, in government the mining sector. Our resounding message is that Guyana is open for business.”  Prime Minister educated in Canada as engineer ~ Government Release, February 28, 2008  Long history of significant gold production  Gold is the largest export of the country with 308,000 oz in 2010  Largely unexplored by modern methods  Mining Royalty at 5%; other terms to be negotiated through Mineral Agreement Picture (left to right): Violet Smith , Guyana Goldfields Country Manager,  Corporate Tax 30% combined with Sam Hinds , Honourable Prime Minister and Minister a 20% straight line depreciation of Mines in Guyana, Claude Lemasson , President & COO of Guyana Goldfields allowance 7

Corporate Social Responsibility & Sustainability GUYANA GOLDFIELDS has a CSR & Sustainability Strategy in 3 main areas COMMUNITY & NATIONAL HUMAN RESOURCES HEALTH, SAFETY & INITIATIVES DEVELOPMENT ENVIRONMENT Each Area Contributes Significantly to Sustainable Development 8

CSR Initiatives – National Causes A LONG BUT QUIET HISTORY OF BEING A GREAT CORPORATE CITIZEN GUYANA GOLDFIELDS INC PARTICIPATES IN SEVERAL NATIONAL CAUSES AMERINDIAN HERITAGE MONTH SUPPORT OF THE GOVERNMENT’S PORK KNOCKER MONTH LCDS STRATEGY 9