1

PIPELINE OF GOLD PRODUCTION IN NOVA SCOTIA

…applying Australian expertise to an overlooked Canadian gold province…

ASX:ATV

www.atlanticgold.com.au

October 2012

2

DISCLAIMER

All statements contained in this presentation, other than statements of historical fact, that address future timings, activities, events and developments that the Company expects, are forward looking statements. Although Atlantic Gold NL, its subsidiaries, officers and consultants believe the expectations expressed in such forward looking statements are based on reasonable expectations, investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from forward looking statements include, among other things, commodity prices, continued availability of capital and financing, timing and receipt of environmental and other regulatory approvals, and general economic, market or business conditions.

ATTRIBUTION

Mr Neil Schofield (MSc. MAusIMM) is a Qualified Person as defined in National Instrument 43-101, and has reviewed and approved the contents of this presentation.

The resource estimates for Touquoy described in this presentation were completed by Mr Neil Schofield, a principal of Hellman and Schofield Pty Ltd. Mr Schofield is a Member of the AusIMM and qualifies as a Competent Person in respect of the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) by virtue of having sufficient experience which is relevant to the Touquoy style of mineralisation and deposit type. Mr Schofield has consented to the inclusion of this information in the form and context in which it appears in this presentation.

The geological information in this presentation relating to Mineral Resources has been compiled by Mr Wally Bucknell who is a director of Atlantic Gold NL and a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person in respect of the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Bucknell has consented to the inclusion of this information in the form and context in which it appears in this presentation.

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• Track record of gold discovery and production in

Western Australia

• Focused on the same, but now in the Meguma

Goldfield – with OPEN PIT perspective

• Established 450koz Reserves within a Resource

inventory of 1.2 million ounces

• Project pipeline:

Touquoy – next step: development

Cochrane Hill – next step: feasibility study

Exploration lands – next step: discovery

OVERVIEW

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5

Cochrane Hill

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TOUQUOY

Measured & Indicated 10.1 1.5 480,000

Inferred 1.6 1.5 77,000

TOUQUOY WEST

Indicated 0.9 1.9 54,000

Inferred 0.6 2.2 45,000

COCHRANE HILL Indicated 4.5 1.8 251,000

Inferred 5.6 1.6 298,000

TOTAL MII 23.3 1.6 1,205,000

MINERAL RESOURCES contained million tonnes grade g/t ounces gold

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TOUQUOY

Proved 2.49 1.48 118,000

Probable 7.10 1.47 336,000

TOTAL 9.59 1.48 454,000

Ore Reserves are included in Mineral Resources

ORE RESERVES

contained million tonnes grade g/t ounces gold

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TOUQUOY

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Touquoy deposit section 21625mE

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TOUQUOY GOLD PROJECT NQ DIAMOND CORE – HOLE MR-05-084

121–122 m : 2.16 g/t

122–123 m : 9.23 g/t

123–124 m : 8.98 g/t

Argillite host rock with no quartz veins

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TOUQUOY GOLD PROJECT

Photomicrographs of gold grains in MR-05-084 core at 122-123 m Field of view 1 mm. Light grey = arsenopyrite, dark grey = silicates

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Low strip ratio – 2.5:1

Soft ore – BWI ~ 10

Excellent metallurgy – 93.5% (70% gravity)

Coarse grind - 150µm

Low reagent consumption – 0.4kg/t CN

Excellent CN detox

No acid rock drainage – carbonate, low sulphide

Grid power – coal-fired – 5km to connect

Excellent infrastructure

Keen local and homecoming workforce

No on-site accommodation required

Supportive government

TOUQUOY’S ADVANTAGES

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Ore reserves 9.59Mt @ 1.48g/t

Production 422,000 oz

Mine life 5.0 years

Ave annual production 84,000 oz pa

Throughput 2.0mtpa

Initial capex $140 million

Cash operating costs US$597/oz

Gold price US$1700/oz

Net cash surplus (pre-tax) US$337 million

Payback period 18 mos after 1st gold

Project NPV (8%, pre-tax) $206 million

Project IRR 52.5%

TOUQUOY SUMMARY FINANCIALS

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16

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ENVIRONMENTAL ASSESSMENT APPROVAL FEASIBILITY STUDY COMPLETED

MINERAL LEASE GRANTED

ACQUIRE REMAINING SURFACE TITLES

Nearing completion

FINAL PERMITTING

Industrial Approval – documentation done

PROJECT FINANCING

TOUQUOY GOLD PROJECT STEPS TO PRODUCTION

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COCHRANE HILL

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Cochrane Hill

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COCHRANE HILL

Indicated 4.5 1.8 251,000

Inferred 5.6 1.6 298,000

Total 10.1 1.7 549,000

MINERAL RESOURCES

contained million tonnes grade g/t ounces gold

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CONCEPTUAL FINANCIALS TOUQUOY + COCHRANE HILL

Throughput

Total production

Ave annual production

Plant

Mine life

Pre-production capex

Total LOM capex

Cash operating cost

Gold price

Net cash surplus (pre-tax)

Payback period

NPV (8%, pre-tax)

Internal rate of return

19.0Mt @ 1.6g/t for 970koz contained

900,000 ounces

93,000 ounce

2.0Mtpa relocated to CH after Touquoy

9.7 years

$140 million

$254 million

$646 per ounce

$1,700 per ounce

$721 million

18 months after first gold pour

$371 million

53%

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REGIONAL EXPLORATION

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WHY NOVA SCOTIA: • Meguma Terrane hosts more gold occurrences per

unit area than any other goldfield • It’s unexplored for shale-hosted disseminated

gold deposits – like Touquoy

• Mega deposits of this general type occur globally

• Very high proportion of exploration dollars go into the ground

• Politically stable

EXPLORATION

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TOUQUOY GOLD PROJECT NQ DIAMOND CORE – HOLE MR-05-084

121–122 m : 2.16 g/t

122–123 m : 9.23 g/t

123–124 m : 8.98 g/t

Argillite host rock with no quartz veins

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AT TOUQUOY: • Acquire remaining surface titles – Q1/13 • Grant of Industrial Approval – Q1/13

• Secure project financing - Q2/13

• First gold pour – Q1/15 AT COCHRANE HILL: Complete drill-out, commence Feasibility Study ELSEWHERE MEGUMA: Continue regional exploration

LOOKING AHEAD

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ATLANTIC GOLD NL

THE COMPANY

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Fully paid shares 669.4M Partly paid shares (20 cents paid to 9 cents) 30.3M Market Cap @ 4.0 cents/share: $26.8 million

CAPITAL STRUCTURE

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Comparable companies analysis Market cap per Reserve ounce

Comparable Companies Analysis - Market Cap per Reserve Oz

509

394

235224

193 191

162144

129 122

9788

67

8

0

100

200

300

400

500

600

Carrick

Gold

Bea

dell Res

ources

Nob

le M

iner

al R

esou

rces

Citigold Corpo

ration

Kula Gold

Man

as Res

ources

PMI Gold

Panterra

Gold

Cha

lice Gold

Cor

tona

Res

ources

Aus

tral G

old

Millen

ium M

iner

als

Atlan

tic G

old

Rep

ublic

Gold

Company

A$

per R

eserve o

z

35

Comparable companies analysis Market cap per Resource ounce

Comparable Companies Analysis - Mkt Cap / Resource Oz

144

117

106

100

8075

5653

48

39

27

19

7 5

0

20

40

60

80

100

120

140

160

Kula Gold

Panterra

Gold

Bea

dell Res

ources

Nob

le M

iner

al R

esou

rces

Millen

ium M

iner

als

Carrick

Gold

PMI Gold

Rep

ublic

Gold

Man

as Res

ources

Cha

lice Gold

Atlan

tic G

old

Aus

tral G

old

Cor

tona

Res

ources

Citigold Corpo

ration

Company

A$

/oz

36

Comparable companies analysis Enterprise value/Resource ounce A$/oz

Comparable Companies Analysis - Enterprise Value / Resource Oz A$/oz

257

116112

104

87

7564

4738 35

19 168

4

0

50

100

150

200

250

300

Panterra Gold

Nob

le M

iner

al Res

ources

Cha

lice Gold

Bea

dell R

esou

rces

Austral G

old

Cortona Res

ources

PMI Gold

Kula G

old

Carrick

Gold

Millen

ium M

inerals

Atlan

tic Gold

Man

as R

esource

s

Citigold Corpor

ation

Rep

ublic

Gold

Company

A$

/oz

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PIPELINE OF GOLD PRODUCTION IN NOVA SCOTIA

…applying Australian expertise to an overlooked Canadian gold province…

ASX:ATV

www.atlanticgold.com.au

October 2012