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Updated presentation on our re-start plans for the past producing Puffy Lake Mine. Auriga Gold Corp. is an emerging Canadian gold producer focused on re-starting the Puffy Mine and expanding gold resources on its Puffy and Nokomis gold deposits (collectively the "Maverick Gold Project"). The Company plans to upgrade and expand the resources at the Maverick Gold Project, initiate test mining, complete feasibility studies of mineral reserves, and bring the Puffy Mine back into production. The Puffy Mine includes a 1,000 tpd flotation mill with a replacement value in excess of $50 million, over 7,000 meters of developed underground ramp to 135 metres depth, is fully road accessible and close to existing mining infrastructure. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba. To view current images of the property and mill, please see www.aurigagold.ca/s/photogallery.asp
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TSX-V: AIA April 2014
Maverick Gold Project Advancing toward Gold Production in 2013
Near Term Gold Production
In Manitoba Canada
A I A :T S X V
Forward-Looking Statements
2
Some statements contained in this presentation are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource and reserve statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.
Historical resources in this presentation are historical estimates that predate NI 43-101 and are not compliant with current definitions, and have not been verified by the company; consequently, they should not be relied on by investors.
www.aurigagold.ca
A I A :T S X V
Auriga Gold Management and Directors Finance, Development and Operational Expertise
3 www.aurigagold.ca
Gorden Glenn, Chairman, President & CEO
Over 25 years experience in the financial industry as Investment Banker (TD Securities and Desjardins) and Research Analyst as well as various roles in mining companies evaluating economic and technical validity of mostly Canadian projects.
James D.A. White, Director
Mr. White is the Managing Partner of Baynes & White, a Toronto-based pension and benefits actuarial consulting firm.
Brian Robertson, P.Eng., Director
Over 30 years experience in corporate management, exploration programs, project management, mine permitting, construction, development and operation as well as the evaluations or corporate acquisitions.
Chris Irwin, LL.M., Interim CFO, Director
Mr. Irwin is President of Irwin Professional Corporation, a corporation providing legal services mainly to the natural resource sector.
TBD, New Director
Operations and development experience
TBD, New Director
Operations and development experience
Board of Directors
Consultants and Advisors
Notice of Alteration for Open Pit Development (NOA) – April 2014 Water Permit Application – April 2014
Nokomis Initial NI 43-101 Compliant Resource – April 2014 New PEA– June 2014 PEA to incorporate updated Resources (PL and Nokomis), new open pit mine plan and Minrail SAMSTM technology in new u/g mine plan
PL Deposit Resource Update – April 2014
New Underground Mine Plan – April/May 2014 To be incorporated in Updated PEA – June 2014 Test Mining – Fall 2014
A Century of Exploration, Development, Operations and Finance Experience
A I A :T S X V
Near Term Gold Production Opportunity
www.aurigagold.ca 4
Strategic Advantage = Superior Gold Investment Opportunity • Favourable mining jurisdiction in Manitoba with significant infrastructure in place • Low $18 million capital requirement to re-start gold production at +40,000 oz per year • Existing mining lease with associated operating permits in place • Lower risk open pit mine start-up scenario developed • Underexplored regional gold bearing geological environment High Leverage to Gold Price • Low Shares Outstanding • Attractive valuation Enterprise Value/ounce and Au oz/share vs peer group companies • Management experienced at discovery, resource expansion, development and
operations Near-term Objectives Updated NI 43-101 complaint Resources – M&I Rsc 327,900 oz and Inf Rsc 438,600 oz • Targeted drilling to convert Inferred resources to Measured+Indicated • Update PEA to include new resources and new underground mine plan using Minrail’s
SAMSTM technology • Underground test mining program fall 2014
Success of 2014 Work Program will Support Re-Start of Gold Production in 2015
A I A :T S X V
Maverick Gold Project Location Flin Flon Gold and VMS Base Metal District
5
A Proven Gold Mining Camp with Excellent Infrastructure
MAVERICK GOLD PROJECT
FLIN FLON
SNOW LAKE
SHERRIDON
CRANBERRY LAKE
A I A :T S X V
Auriga’s Path To Production
www.aurigagold.ca 6
July 2012 to December 2013
Corporate Restructuring
Re-focus on MGP
Reduce Burn rate
H1/2014
Initial Nokomis NI43-101 Resource
Updated PL Deposit Resource
Update mine plan/detailed engineering
Updated PEA/PFS
Re-Start Efforts Delayed by Weak Equity Capital Markets
November
2010
Initial PL
Deposit NI43-
101 Resource
PEA
January
2012
Property
Acquisition
$3.5 mln
August
2011
January
2012
AIA.V vs HUI
A I A :T S X V
Maverick Gold Project, Then and Now Re-start of Mining Operations Targeted for Late 2015
7
Historic Mine Development/Operations
Operated from Jan -88 to Apr-89 by Pioneer Metals
Produced 29k oz from 1988-1989 from 370,000 tonnes
1987 Kilborn feasibility recommended 500 tpd mill:
Capex: ~32 mln in 1987/88
Pioneer actually built mill with capacity of 1,000 tpd
Mill still in excellent condition today
6.9 km u/g drifting to a vertical depth of 130 m
1993 Kilborn feasibility Rsc and Rsv:
Resource: 524,376 oz @ ~7.6 g/t Au
Reserve: 184,200 oz @ 6.7 g/t Au
Auriga Gold Development Work at Maverick
Updated PL and New Nokomis Resource Estimates – Total Measured and Indicated mineral resources
increased by 88% to 327,900 ounces gold – Total Inferred mineral resources 438,600 ounces – In Pit Measured and Indicated resources
increased by 279% to 121,100 ounces Au grading 4.01 g/t Au
Positive PEA on open pit and U/G mining re-start
Low capital cost - $18.1 million
Production - 40,000 oz per yer
NPV (pretax 5%): $95.4 Million
(pretax 8%): $79.6 Million
IRR (pretax) 84%
Exploration and re-start upside
PL Deposit still open at depth and along strike
Numerous geophysical targets identified
M Zone on West Limb of Puffy Fold
New PEA for 2014 to include:
New Nokomis in pit resource
New open pit and underground mine plan
Minrail SAMSTM test stope planed fall 2014
www.aurigagold.ca
To
nn
age
(tp
d) G
rade
(g/t)
00.511.522.533.544.5
0
200
400
600
800
1000
1200
Jan
-88
Feb
-88
Mar
-88
Ap
r-8
8
May
-88
Jun
-88
Jul-
88
Au
g-8
8
Sep
-88
Oct
-88
No
v-8
8
De
c-8
8
Jan
-89
Feb
-89
Mar
-89
Ap
r-8
9
Tonnage Grade
2014 Program Focused De-Risking and Resource Optimization
A I A :T S X V
Auriga Gold Corp. Capital Structure
8
Auriga Gold Corp. (AIA: TSX-V)
Share data and cash position as of March 24, 20141
Shares Outstanding 15,336,251
Warrants and Options O/S 1,299,794
Fully Diluted 16,636,045
Market Capitalization ~$4.5 million
Cash Position (March/14) $0.5 million
Debt ~$1.3 million
Options and Warrants
Warrants / Options
Avg. Exercise
Price
Options 782,500 $0.90
Common share warrants 2 517,294 $4.67
2) Expiring between April 2014 – February 2017
Significant Holders Ownership
Management and Directors ~9.0%
Pioneer Metals (Barrick Gold) ~4.1%
AIA: TSX-V Share Price
Source: tmx.com and Auriga Gold
www.aurigagold.ca
1) Shareholders approved a 10 old for 1 new consolidation Jan. 2, 2014
Low Shares Outstanding = High Leverage to Gold Price and Production
A I A :T S X V
Maverick Gold Project Existing Infrastructure – Permits - Resource Expansion Potential
9
Historic Au Production
• Produced 28,000 oz from 1988-1989
• Existing 1,000 tpd mill
• 7,000 m underground mine workings
• Limited exploration on property
Resource Expansion Potential > 1 M oz Gold
• NI-43-101, M+I Rsc 327,900 oz Au and Inf Rsc of 438,600 ounces
• Expand and upgrade gold resources at PL and Nokomis deposits by step out and infill drilling
• Bonanza grades at Nokomis - 7.63 m with 125.08 g/t Au at Nokomis
• Numerous drilling targets outlined from VTEM survey along 20 km gold bearing horizon
• M Zone target – 1.5 km anomaly
• Drill hole A3-48 in 2011 intersected 0.50m @ 23.68 g/t Au at depth of ~250m vertical
• Follow-up ddh planned for 2014
Existing Infrastructure and Permits = Strategic Advantage
A I A :T S X V
10
Maverick Gold Project PL Deposit – Geology Surface Plan and Section
OPEN
PL Deposit
Updated NI 43-101 Resource April 14 2014
In Pit M&I Rsc increased by 151% to 80,400 oz Au @4.40g/t
Underground M&I Rsc increased by 46% to 206,800 oz Au @5.93g/t
www.aurigagold.ca
A3-85 – 2.3 m @ 12.6 g/t Au and 0.5 m @ 24.3 g/t Au
A3-83 – 2.0 m @ 12.0 g/t Au
A3-84 – 6.2 m @ 7.6 g/t Au
A3-81 – 1.7 m @ 47.2 g/t Au, incl. 0.5 m @ 145.5 g/tAU
Resource Still Open Down Dip to North East
A I A :T S X V
11
Community and Social Responsibility Sherridon – Cold Lake, Manitoba
www.aurigagold.ca
Strong Local Community Support
• May 7, 2014 Community Update meeting - President and CEO Gorden Glenn and Director Brian Robertson provide MGP update and respond to questions and concerns of the local community
• Sherridon - Cold Lake, Manitoba is located approximately 13 km north of the MGP • The MGP and the local community share regional infrastructure including an all weather road, the
Keewatin Railway Company (KRC) and access to low cost, clean hydro power • We also share the same vision of re-starting sustainable, mining operations with minimal impact
to the environment • The community of Sherridon - Cold Lake, Manitoba expressed their strong support of the MGP
A I A :T S X V
Maverick Gold Project - PEA From Jan. 2012 - based on Aug. 2011 NI 43-101 Resource Estimate
12
• Open pit cost anticipated at $650/oz excluding sustaining capital
• 20.3% of gold production from initial low-risk open pit production
• $949/oz average LOM operating cash cost including $77/oz sustaining capital
• $18.1 million Capex to production
• $130.5 million cumulative cash flow at $1400/oz
• Payback in 20 months
www.aurigagold.ca
$50,000,000
$25,000,000
$0
$25,000,000
$50,000,000
$75,000,000
$100,000,000
$125,000,000
$150,000,000
$175,000,000
$200,000,000
oz
10000 oz
20000 oz
30000 oz
40000 oz
50000 oz
60000 oz
OuncesRecovered
CumulativeCash Flow at$1400 /oz AuCumulativeCash Flow at$1600/oz Au
-1 1 2 3 4 5 6 7 8 -1 1 2 3 4 5 6 7 8 $0
$200
$400
$600
$800
$1,000
$1,200
$1,400
oz
10000 oz
20000 oz
30000 oz
40000 oz
50000 oz
60000 oz
U/G
Open Pit
OperatingCost/oz
TotalOp+SustCost/oz
Short Payback, Attractive Sub-$1000/oz AISC
A I A :T S X V
Maverick Gold Project – Positive PEA From Jan. 2012 - based on Aug. 2011 NI 43-101 Resource Estimate
www.aurigagold.ca 13
Average Annual Production: 45,000 oz/annum Au
Recoverable Gold1: 348,000 recovered oz Au @ avg. of 5.8 g/t Au diluted
20.3% from open pits; 79.7% from u/g
Milling Rate: 750 tpd 1
Mill Recovery: 90%
Life of Mine: 7.5 years
Total CAPEX: $18.1 M
(incl. $3.02 m contingency)
Average LOM C2 cash cost: CAD$949/oz
Undiscounted Cash Flow (pretax) :$130 M
Payback : 20th month
of processing ore
NPV (pretax, 5%) 2: $95.4 M
IRR (pretax): 84%
1. Initial Mine Plan in February 2012 PEA 2. Based on gold at USD$1400/oz
Gold price, operating cost and capital cost sensitivity analysis @ 5% NPV
Updated PEA Planned for Q2 2014
A I A :T S X V
Maverick Gold Project – PL Deposit Longitudinal Section Facing West
14
Longitudinal section looking west showing existing underground workings, proposed open pits, and proposed stopes from all zones. January 2012 PEA and August 2011, NI43-101 Resource Estimate
Pit 1
Recovered Ounces Open Pits: Pit 1: 20,760 oz Pit 2: 4,950 oz Pit 3: 6,060 oz Pit 4/5: 37,740 oz Total Pits: 69,510 oz Underground Mining Areas: Area 1: 49,000 oz Area 2: 124,000 oz Area 3: 108,000 oz Area 4: 23,000 oz Total Undergound: 304,000 oz
Pit 4/5 Pit 1 Pit 2 Pit 3
www.aurigagold.ca
AREA 1
AREA 3
AREA 2
AREA
4
Updated PEA to Include Optimized Open Pit and Underground Mine Plans
A I A :T S X V
15
Maverick Gold Project Key Operating Permits and Infrastructure (1000 tpd Mill) In Place
A I A :T S X V
New Underground Mine Plan – SAMSTM Specialized Shallow Angle Mining System
16
• Innovative modular concept and design
• Very high proportion of the mining tasks are mechanized
• Eliminate the use of manual drills for drift development • Jackleg vs Long Tom and Jumbo
• Introduction of long hole productivity techniques • Hydraulic vs pneumatic
• Enhanced work conditions and modular design result in higher productivity
• www.minrail.ca
www.aurigagold.ca
Auriga is De-Risking MGP with New Underground Mine Plan and Innovative SAMSTM
SAMSTM developed by Minrail Inc., of Val-d'Or Quebec
Minrail has developed a unique and innovative mining system for shallow-angle mining operations (S.A.M.S.™) that promises to revolutionize mining operations as we know them today.
A I A :T S X V
Old Underground Mine Plan – Conventional
17 www.aurigagold.ca
Accepted Narrow Vein Mining Methods are Manually Intensive and Less Productive
A I A :T S X V
New Underground Mine Plan – SAMSTM Specialized Shallow Angle Mining System
18 www.aurigagold.ca
Innovative Mechanized Rail-Based System is Safer with Higher Productivity
A I A :T S X V
Maverick Gold Project – Exploration Upside
19
Targeting in excess of 1,000,000 ounces gold
Well-defined major regional gold mineralized structure at the northern border of Flin Flon greenstone belt
Drill program planned to expand resources
Maverick Property covers over 20km of strike length
Target has well-defined geophysics trend with several showings found along strike
Updated MGP NI 43-101 In Pit M+I Rsc 121,100 oz @ 4.01 g/t
Au Underground M+I Rsc increased by
46% to 206,800 ounces Au Total M+I Rsc 327,900 @ 5.93g/t Au Total Inf Rsc 438,600 ounces Au
M Zone Drill hole A3-48
0.50m @ 23.68 g/t Au
PL Deposit and Onsite Mill
Nokomis Deposit Ind Rsc 40,700 oz Au Inf Rsc 19,100 oz Au
www.aurigagold.ca
Property Unexplored away from Known Deposits
A I A :T S X V
Maverick Gold - Nokomis Deposit Satellite Deposit just 8km Northeast from the Maverick Mill
20
• Potential open pit satellite deposit • Confirmation drilling program complete
• Indicated mineral resource of 40,700 ounces • Inferred resource of 19,100 ounces of gold
• Initial high-grade gold intercepts • 125.08 g/t over 7.6 m (incl. 1,830 g/t over 0.5 m); • 12.27 g/t over 5.2 m; • 5.1 g/t over 6.4 m; • 9.65 g/t over 5.6 m (incl. 62.23 g/t over 0.5 m)
High-grade near-surface mineralization
www.aurigagold.ca
Incremental Mill Feed from Nokomis Enhances MGP Economics
A I A :T S X V
VTEM anomaly on western limb of the Puffy fold has strike length of over 1.5 km
Historic drilling only tested horizon at very shallow depths, well up dip from the top of the conductor
2011 AIA drill hole successfully tested the down dip projection of horizon and intersected significant gold mineralization
23.7g/t over 0.5 m at 250 m
Priority target for follow-up drilling in 2013/14
Maverick Gold Project – M Zone Significant Exploration Upside
21
High Priority target for Follow-up Drill Program
A I A :T S X V
Maverick Gold Project Near Term Gold Production with Significant Expansion Potential
22
Area consolidation
Toll milling opportunities
Resource expansion on
major structure
++ Extend Mine Life
Exploration success on
Maverick Gold
M Zone Exploration
Maverick Property
covers 20 km of major
regional mineralized
structure
+ Resource Expansion
Nokomis Deposit
In Pit Indicated Resource 40,700 oz
In Pit Inferred Resource 26,100 oz
8 km from Mine and Mill
Contributes to full mill capacity
at 1000 tpd
>50,000 oz/yr
Combined U/G and open pit
PEA Study
750 tpd
7.5 year mine life
348,000 recovered
gold ounces
45,000 oz/yr
www.aurigagold.ca
Solid Plan for Growth and Value Creation
A I A :T S X V
Auriga Gold Investment Highlights
23
Near-term gold production, with excellent exploration upside
Past producing property, with significant onsite infrastructure
1,000 tpd mill, ancillary facilities, ramp and underground workings
Road access to property, access to grid power and railway
Permitted for quick re-start
April 2014 NI 43-101 Resource Estimate:
Total M+I Rsc 327,900 @ 5.93g/t Au
Total Inf Rsc of 438,600 ounces Au
Open pit and shallow underground
Positive 2012 PEA on U/G and open pit test mining on near surface resources
Annual production of 45,000 ounces at C2 cash cost of $949/oz
CAPEX: $18.1 Million;
un-discounted cash flow: $130 Million
Management experienced at discovery, resource expansion, development and operations
Resources, PEA and mine plan being updated Q2 2014
www.aurigagold.ca
AIA’s Value Proposition is One of the Best in the Jr Gold Development Sector Today
A I A :T S X V
24
For more information:
Auriga Gold Corp. AIA:TSXV +1 416 985 2785 365 Bay Street, Suite 400 Toronto, Ontario M5H 2V1 www.aurigagold.ca AIA_AurigaGold AIA.AurigaGold
Contact Information