Heritage Gold NZ LimitedPresentation

AGM23 September 2010

…..unlocking value

Waihi Gold Field - Heritage Gold’s Permits

Martha ~8M Oz

Phased Development Plan for the Karangahake Project

• Grant of Mining Permit - granted 25 years

• Secure JV partner - under way

• Obtain resource consents/access arrangement - under way

• Definition drilling to increase resource to 500,000 oz Au

• Feasibility and commence mine development

• Commence production from small base - 40,000 oz/yr to 100,000 oz/yr

Karangahake Project Plan

Rahu Resistivity Anomalies

Broad zones of low/medium grade Au

Talisman Surface VeinsBonanza Au potential

Inferred mineral resource 205,000 oz Au and 800,000 oz Ag

Talisman-Rahu Long Section

•Drilling shown by intercept points

•Au values are generally low/medium grade over broad intervals

•Deeper drilling under existing holes at Rahu is warranted

North South

Talisman

Golden Valley Plan - gold soil results over filtered airborne magnetics

1500mN

2000mN

1000mN

35

00

mE

30

00

mE

40

00

mE

45

00

mN

45

00

mE

50

00

mE

Target Zone

Phased Exploration Plan for Golden Valley

• Acquire high-resolution aeromagnetic dataset (Completed)

• Detailed structural analysis using magnetic data (Completed)

• Regional soil sampling using new low detection level geochemistry (Completed)

• Evaluate use of Seismic, gravity, IP/resistivity surveys to aid targeting (Completed)

• Target generation and ranking (Completed)

• Seismic survey over highest ranked targets (December qtr)

• Drill testing (March qtr)

Thackaringa Base Metal Project

THACKARINGA BASE METAL PROJECT (held by Broken Hill Prospecting Ltd)

Competent Person’s StatementThe information in this report that relates to mineral resources is based on information compiled by Mr Alex Trueman, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Trueman has consented to this report as an independent consultant. Mr Trueman has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Trueman consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.”

• Considerable potential for extensions of this mineralisation as well as new cobalt occurrences like Pyrite Hill South

• Exploration licence and two mining leases cover key areas

• Discovered over 10 high quality target zones for range of metals

• After seed capital share issue Heritage retains 28% equity (value ~NZ$3M after IPO)

• Recent valuation of A$10-12M for BHPL

• IPO to raise $5M for further exploration programs

Project Cut-off (lb/t Co) Mt lb/t Co

Pyrite Hill 1.1 10.6 2.2

Big Hill 1.1 4.4 2.0

Heritage report to ASX and NZSX on 16 September 2010 stated in part:

“Inferred Mineral Resources

Strategy

• Talisman - increase resources/reserves to 500,000 oz Au and develop mining plan

• Thackaringa - establish value for equity in BHPL

• NZ – continue focussed exploration (government pro-active on resource projects)

• Pacific Rim - identify potential gold “elephant”

• Funding - prudent use of financial resources

Investor Information

BOARDGeoff Hill (Chairman/Non-Exec Director)Murray McKee (Deputy Chairman/Non-Exec Independent Director)Peter Atkinson (Executive Director)Matthew Hill (Non-Exec Director)Warwick Grigor (Non-Exec Independent Director)Sue Sangster (Company Secretary)

CAPITALOrdinary Shares on Issue 343,553,188Market Capitalisation NZ$9 million

STOCK EXCHANGE LISTINGASX: Code HTMNZSE: Code HGD

Disclaimer

Although Heritage commissioned the geological information and data referred to in this presentation, Heritage does not guarantee or otherwise warrant the accuracy or currency of such information or data.

Further, no representation is given or warranty is made in respect of any future performance of the share price of shares in Heritage or any company associated with it. This document is not intended to, and does not, represent an offer of any securities.

The terms target, target zone, potential and potential target should not be interpreted as mineral resources as defined in the JORC Code 2004. The terms refer to the potential quantity of metal that may be discovered with further exploration, and are conceptual in nature. There has been insufficient exploration to date to define Mineral Resources in these targets (except where reported as JORC-compliant), and it is uncertain if further exploration will result in such determination.

Technical information in this presentation was compiled from reports released publicly by Heritage prior to 22 September 2010.