TSX.V:EDW Forward Looking Statement Certain statements in this - PowerPoint PPT Presentation

Corporate Presentation | Nov 2012 TSX.V:EDW

Forward Looking Statement 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. 2

EDW Value Opportunity $79.0 Edgewater is currently valued at $14 Market Cap/oz Gold with significant shareholder potential in 2012-2013 Group Avg $35 Market Cap/oz Gold $53.0 $48.5 $41.1 $37.8 $33.1 $27.6 $23.6 $18.0 $14.4 $10.2 3 Astur Edgewater Volta Olympus Orezone Dalradian Azumah Oromin Keegan Gryphon Lydian

Investment Highlights 100% Ownership PRO MINING, STABLE MINING JURISDICTIONS • First world, pro mining jurisdiction • Advanced Gold development project • All levels of government supportive • Expedited/fast track to mining permits in 2012 • Awarded $120M debt mandate to Credit Suisse and Barclay’s Capital 51/49 Joint Venture TEAM AND PARTNERS: Proven, Successful, Experience Kinross Gold Corp. • Proven management with mine building and production experience • Financial Advisor : Mr. AJ Ali has successfully raise over $1B debt project finance • Featherstone Capital Advisors : have significant success in creating shareholder wealth • Tetra Tech : An internationally recognized leader in the design and engineering of feasibility level 4 gold projects world wide. • Kinross Gold Corp .: A Canadian-based gold mining company with mines and projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania, Russia and United States.

100% Ownership Investment Highlights ESTABLISHED PROJECTS CORCOESTO GOLD PROJECT, Galicia NW Spain • Preliminary Economic Assessment* • NPV 5% $340 Million • IRR 34% 51/49 Joint Venture Kinross Gold Corp. • PAYBACK yrs 2.5 • AVERAGE ANNUAL REVENUE $80M • September 2012 Edgewater sold a new 1% royalty to a third party, putting a total NSR royalty on production of 2.5% ENCHI GOLD PROJECT, GHANA • 60 Km south west of Chirano Gold Mine (5M ounces) 5 • Recently announced resource ( 749,000 ounces gold grading 1.13g/t ) using a 0.70g/t cut-off • +500sq km land package *$1500 Au

Edgewater Team George Salamis , President & CEO, Director +20 years experience directing exploration, development, and mining operations 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 over $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 operation 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 over 20 years experience in the mining industry and has been involved with over $2B (USD) in M&A and 6 project financings for global mining projects. Previously Mr. Ali was the Chief Financial Officer and a Director of Centenario Copper Corporation before its acquisition by Quadra FNX Mining and Chief Financial Officer of EuroZinc Mining Corporation (2004 to 2006) 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

Edgewater Capital Structure (Oct 2012) Ownership Share Structure K inross Issued & Outstanding 76,705,437 Gold Corp 5% Warrants 6,515,000 @ 1.10 (2013) M gmt & ’ 22,117,750 984,780 @ $1.10 (2012) Insiders 7,806,500 @ $1.40 (2013) 19% R etail 38% 2,436,250 @ $0.50 (2013)* Options 7,902,000 Fully Diluted* 106,725,187* I nstitutional 38% Cash $5,500,000 Fully Diluted Cash $27,000,000 • If Edgewater delineates a NI43-101 compliant resource of 3Moz of gold in the M&I category on 7 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). *September 24 Edgewater sold a NSR royalty interest on the Corcoesto Gold Project and an equity component to the same purchaser or the royalty

Corcoesto Gold Project Unconditional support from all levels of government and community in Galicia, NW Spain An autonomous region, all mine permits granted locally at the municipal and state levels (no federal approvals required) Expedited permitting with “Strategic Industrial Project” awarded June 2012 Excellent logistics with roads, power and water PEA demonstrates robust economics with an average of 100k/oz a year gold project with expansion potential Updated NI 43-101 Resource Estimate – Q1, 2013 Bankable feasibility study - Q1 2013 8 Mine permitting - Q4, 2012 Project Finance underway – Q1, 2012

Corcoesto Permitting (Q4,2012) Unconditional support from all levels of government and community in Galicia, NW Spain Expedited permitting with “ Strategic Industrial Project ” awarded June 2012 Strategic Industrial Project – part of the Industrial Promotion act of Galicia Minimization of processing time and priority for the project to advance with expedited permitting timelines Exemption from municipal license Declaration of the project as public utility and social interest Additionally it involves rights for access to energy or water to the project site Minister of Economy and Industry, Javier Guerra, considers Corcoesto “ a great opportunity, one which will create a lot of jobs. ” Mr. Guerra stated Xunta “is going to support investments which fulfill the existing legislation, ones which are safe and generate wealth and jobs” June 2012, The President of Galicia left held a press conference 9 discussing the details of the Strategic Industrial Project for Corcoesto, the benefits to the local region including the creation of new jobs and investment

Corcoesto Gold Project PEA Years 1-10 6,000 tpd (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 $1300/oz $1500/oz Payback (years) 3.4 2.5 IRR (%) 24 34 NPV (5%) (Million) 206 340 10 Average annual net revenue ($US M) 60.0 80.3 Preliminary Economic Assessment NI43-101 Compliant 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 *Slide 10 containing details of the NI43-101 Compliant resource

Corcoesto Project / Peer Comparison Edgewater’s Auryx Gold Corp Corcoesto Project Otjikoto Project *92% Base Case ($1300/oz) 102,000 100,000 Annual Avg Production Cash Cost $US/oz 713 725 Initial Capital Cost 135* 110 Mill Feed Grade 1.70g/t gold 1.52g/t gold Strip Ratio 8.0:1 7.3:1 Payback 3.4 yrs 4.9 yrs $29 M $142 M Basic Market Cap $300 $250 $200 Mkt Cap ($Million) $142 Mkt Cap (1.4M oz Au) $150 $100 11 $28M Mkt Cap $50 (1.5M oz Au) $0 0 1 2 3 4 5 6 7 8 Edgewater Exploration Astur Gold Corp Group Average Auryx Gold Corp Ampella Mining Gryphon Minerals Lydian International *B2Gold acquired Auryx Gold for $160M, excluding contingency, working capital and both projects are at the PEA stage.

Corcoesto Gold Project - Design 12

Corcoesto Resource Expansion Potential 1.5km 200m 13 Resource expansion potential significant at depth

Corcoesto Exploration Upside Pozo Del Ingles Gold Zone Grade thickness long section Corcoesto Gold Project – Plan Map Open at Depth Potential extensions to structures on strike Peton de Lobo Gold Zone Grade thickness long section Current Open pit shell 14 Cova Crea Zone Open at Depth Open at Depth