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Mercer Gold Corp. updates its corporate developments towards exploration for gold in the Marmato mining dsitrict in Colombia (symbol MRGP-OTCQB)
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Exploring for Gold,
Silver and Copper
in Colombia
MARCH 2011
MERCER GOLD CORPORATIONTSXV: Pending | OTCQB: MRGP | FSE: AN4
www.mercergoldcorp.comThe information contained herein may contain forward looking statements. The reader is cautioned that
assumptions used in the preparation of such information, although considered reasonably accurate by Mercer
Gold Corporation (MGC) at the time of preparation, may prove to be incorrect. The actual results achieved may
vary from the information contained herein and the variations may be material. Consequently, there is no
representation or warranty made by MGC or any of its officers, directors, affiliates or assigns that actual results
achieved during the forecasted period will be the same in whole or part. Nothing in this presentation should be
construed as either an offer to sell or a solicitation of an offer to buy or sell.
Why Colombia? Land of new discoveries.
• President Juan Manuel Santos continues progressive
policy to increase national security and political stability,
which has led to record levels of Foreign Direct
Investment (FDI);
– Santos was the former Minister of National
Defence for previous President Uribe;
• 2009 FDI was approximately $7 billion – Mining FDI was
$2.9 billion (41%);
• Over 30 Canadian public companies working in
Colombia with more than $500 million invested in 2010;
– Have inferred over 21 million ounces in total;
Select News:
March 2, 2011: Ventana accepts the $1.43-billion takeover
bid from Brazilian billionaire Eike Batista;
October 14, 2010: Bateroannounces closing of
CDN$15,750,000 private placement financing;
December 15, 2010: Sunward announces up to $51.3
million financing anchored by strategic investor;
September 16, 2010:Continental Gold announces closing
of $68,400,000 private placement financing;
August 23, 2010: Gran Colombia completes
$275,000,0000 private placement;
December 31, 2010:Seafield closes
$15-million private placement
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 2
Why Mercer? Proximity to major discovery.
• Adjacent to and on strike from a 9.8 million ounce discovery that is expanding;
• 43-101 technical report states we have the same host rocks, structural trends, styles of mineralization and types
of alteration;
Why Invest in Mercer Gold?
-50%
0%
50%
100%
150%
200%
250%
300%
350%
Bellh
aven
Contin
enta
l
Waym
ar
Seafie
ld
Sunw
ard
Arc
turu
s
Auro
Venta
na
Mira
nda
Caeru
s
Antio
quia
B2gold
Galw
ay
Bandera
Eagle
cre
st
Medoro
Colo
mbia
n
Gre
ysta
r
Ald
er
Price Performance (6 mos)
• Executing 25,000
meter drill program
in 2011 with partial
results received to
date;
• We are in process
of a TSX Venture
listing with a
proposed
concurrent
financing;
• Strong share price
performance by
Colombian gold
companies.
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 3
Comparable Valuation Table, Colombia
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 4
Company Project Stage Price Mkt Cap EV Inferred M&I Total M&I+I
EV/ Total
Res
(mm) (mm) MT g/t Au
Au Oz.
(mm) MT g/t
Au Oz.
(mm) Au Oz. (mm)
Ventana Gold Corp. La Bodega Development $13.04 $1,334.0 $1,274.1 27.80 3.9 3.80 0.00 0.0 0.00 3.80 $334.93
Continental Gold Ltd. Buritica Exploration $10.20 $1,004.7 $911.7 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Medoro Resources Ltd. Marmato Development $2.36 $335.6 $315.6 226.00 0.9 7.17 116.00 0.9 3.68 10.86 $29.07
Batero Gold Corp. Batero-Quinchia Exploration $5.91 $252.4 $235.5 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Greystar Resources Ltd. Angostura Development $3.79 $319.2 $212.3 364.61 0.8 10.67 30.11 1.4 1.48 12.15 $17.47
Sunward Resources Ltd Titiribi Development $1.85 $239.0 $167.6 230.00 0.5 4.06 0.00 0.0 0.00 4.06 $41.32
CB Gold Inc. Vetas Exploration $1.04 $130.1 $130.7 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Galway Resources Ltd. Vetas Exploration $1.22 $130.3 $97.9 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
B2gold Corporation(1) Gramalote Development $2.62 $884.5 $96.9 74.40 1.0 2.62 0.00 0.0 0.00 2.62 $36.94
Bellhaven Copper & Gold Inc. La Mina Exploration $0.78 $64.3 $60.1 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Waymar Resources Ltd. Anza Exploration $1.40 $46.9 $43.9 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Seafield Resources Limited Miraflores Development $0.41 $45.1 $41.1 18.65 1.3 0.85 0.00 0.0 0.00 0.85 $48.24
Antioquia Gold, Inc. Cisneros Exploration $0.36 $29.1 $27.6 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Mercer Gold Corp. Guayabales Exploration $0.37 $25.4 $25.5 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Colombia Crest Gold Corp. Fredonia Exploration $0.41 $25.8 $24.9 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Miranda Gold Corp. Pavo Real Exploration $0.63 $33.0 $22.8 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Colombian Mines Corporation Yarumalito Exploration $0.79 $18.1 $16.1 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Bandera Gold Ltd. Belmira Exploration $0.17 $12.7 $12.0 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Caerus Resource Corporation Buritica Exploration $0.55 $11.9 $11.6 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Auro Resources Corp. El Tesoro Exploration $0.18 $5.9 $4.6 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Alder Resources Ltd. La Montanita Development $0.19 $7.7 $4.0 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Arcturus Ventures Inc. Nus Exploration $0.14 $5.4 $3.7 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA
Average $84.66
Adj Average(2) $38.89
As at March 3, 2011
(1) Enterprise Value represents Gramalote transaction metrics
(2) Excludes max and min values
Mercer Gold Corp. Profile (OTCQB:MRGP; FSE: AN4)
Mercer Gold Corp. is drilling to define
resources at its Guayabales Gold Project 43-101 by Dean Turner, CPG, Feb. 8, 2011
TSXV LISTING & PROPOSED FINANCING
Highlights:
"The similarities between Guayabales and Marmato are
confirmed and include a number of key elements, including
the same: host rocks, structural trends, styles of
mineralization, and types of alteration.“
"MGC has identified a bulk-tonnage, precious metals
porphyry gold target. In addition, there remains significant
exploration potential for higher grade gold-silver Encanto
Zone mineralization...“
"...The exploration target area at Guayabales not only
includes the broad lateral projection of the Marmato-
Echandia trends onto the property, but as well, a potentially
significant projection to depth.“
Download February 8, 2011 43101:
http://www.mercergoldcorp.com/index.php?option=com_con
tent&view=article&id=80&Itemid=108&lang=en
• Proposed $7,875,000 brokered, private-
placement financing consisting of a $0.30
common share with a eighteen month half
warrant at $0.50 to raise up to 26,250,000 or
$7,875,000;
• Use: $5,750,000 exploration; $960,000 G&A;
$300,000 property payments; $392,500
unallocated;
Share Structure [as at 12.29.2010]
Issued & Outstanding: 68,637,500
Restricted: 25,600,000
Free trading: 43,037,500
Options outstanding: 6,050,000 @ $0.50
Generates: $3,025,000
Warrants: 2,200,000 @ $1.00
Generates: $2,200,000
Fully Diluted:77,187,500
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 5
Guayabales Au, Ag, Cu project
• Historically under-explored project in the Middle Cauca gold belt covering 247 Ha;
• 16 artisinal mines operated by a legalized co-operative of 15 families;
• Briefly explored in 2006 & 2008:
– Colombia Gold: 43101 excerpt (page 46, section 12.2.1), “Their work deliniated significant gold mineralization…”
– Colombian Mines: 43101 excerpt (page 50, section 12.2.2), “…Guayabales mines identify a distinctive northwest-
southeast striking, high-grade gold zone.”
• Excellent infrastructure including roads, electricity, water and surface permits in place;
• 4 distinct geological-geochemical anomalies defined for follow up;
• Initial work identifies Marmato-style mineralization;
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 6
Marmato Area Map, Geochem Au Overlay &Drill Program
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 7
Supplement: Current Drilling
Drill Hole
Drill Interval
From To LengthEst. True
WidthGold Silver
Meters Meters Meters Meters g/T g/T
MGDH-01 20.8 42.5 21.7 18.0 1.702 28.43
Including 28.8 42.5 13.7 11.4 2.361 37.96
MGDH-01A 30.0 44.0 14.0 11.6 2.120 15.54
Including 24.0 44.0 20.0 16.6 1.713 12.50
Also 22.0 44.0 22.0 18.2 1.585 12.63
MGDH-02 70.0 74.0 4.0 2.6 2.000 33.50
Including 108.0 112.0 4.0 2.6 0.741 7.00
MGDH-03 201.0 226.0 25.0 20.73 0.658 88.93
Including 201.0 215.2 14.2 11.77 0.969 149.47
Including 201.0 208.0 7.0 5.80 1.152 292.43
MGDH-03 498.0 506.0 8.0 6.63 1.959 2.00
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 8
Management
Ed Flood, Advisor
Mr. Flood has over 35 years of experience in international mining and was previously
the Deputy Chairman of Ivanhoe Mines Ltd. and its founding President. Prior to
joining Ivanhoe, Mr. Flood was a principal at Robertson Stephens & Co., an investment
bank in San Francisco where he was a member of the investment team for the
Contrarian Fund, a public mutual fund focused on natural resource development
projects around the world. He has held the position of senior mining analyst with a
prominent Canadian securities firm and holds both a bachelor’s and master’s degree in
Geology. He currently serves as Chairman of Western Uranium Corp. and Western
Lithium Corp., which are both publicly traded companies listed on the Toronto Stock
Exchange. He was Managing Director, Investment Banking, Haywood Securities (UK)
Ltd. from March 2007 to February 2010.
Dev Randhawa, Chairman
Since 2007, Mr. Randhawa has remained the Chairman and CEO of Fission
Energy Corp. which has focused on the uranium exploration in
Saskatchewan. Mr. Randhawa founded Strathmore Minerals Corp. in 1996 and
remained CEO until September 2008. Fission Energy Corp. was spun out of
Strathmore Minerals Corp. in 2007. In 2006, Mr. Randhawa founded and was
Chairman and CEO of Pacific Asia China Energy Inc., which was sold to Green
Dragon Gas wholly owned subsidiary, Greka China Ltd. for $35.18 million in
2008.
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 9
Management
Rahim Jivraj, President & Director
Prior to founding Mercer Gold Corporation in 2010, Rahim Jivraj, age 33, was a
venture capitalist and entrepreneur. Jivraj was the founding CEO and Director of
Spring & Mercer Capital Corporation; a Toronto Stock Exchange Venture listed Capital
Pool Company ® whose primary objective was to seek business opportunities for
public equity financing. From 2007 to 2008, he served as President and Director of
Mainland Resources, an oil and gas company, and now serves on the company’s
Board of Directors. He has also served on the board of Afrasia Mineral Fields and
Hastings Resources, both listed on the TSX Venture Exchange.
James Stonehouse, VP Exploration & Director
James M. Stonehouse is an experienced mining and resource manager with a long
history of field experience in South America which began in 1976. He has been
directly responsible for management and strategic development of over 20 mines,
many with significant ore bodies and sophisticated mining techniques. Most recently,
he was project manager and in charge of all supervision developing the feasibility of a
16,000-tpd heap leach SX-EW copper project, including supervision of metallurgical
testing, process design, acquisition, and permitting. He has played a prominent role in
the management of numerous mining companies over the years in his positions as
Executive Vice President, VP of Operations, VP of Exploration, General Manager,
Mine Manager and lead independent consultant. James Stonehouse
holds a Masters degree in Geology from Dartmouth College.
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 10
Management
Bill Thomas, CFO & Director
William D. (Bill) Thomas has a lengthy career in finance and accounting for the natural
resource sector spanning more than 30 years. Most prominently, he has held various
management positions with Kerr McGee Corporation’s China operations in Beijing,
China, ending in 2004 with his final position as Director of Business Services. Recently,
Mr. Thomas resigned from NWT Uranium Corp and as CFO for Hana Mining and has
been appointed the CFO for both Mainland Resources and Mira Resources Corp. Mr.
Thomas attained his Chartered Accountant (CA) designation from the Canadian
Institute of Chartered Accountants in 1977. He holds an Honours Bachelor of
Commerce and Finance degree from the University of Toronto, Ontario, Canada.
Lorne Gertner, Director
Lorne M. Gertner is the Chairman and CEO of Hill &Gertner Capital Corporation, an
investment merchant bank and limited market dealer, which has been involved in over
$1 billion of transactions; most notably Eaton’s, Dylex and Hip Interactive. He is also
currently the CEO of New Urban Developers, an urban development company focused
on development opportunities in Toronto, Canada. Mr. Gertner is a graduate of the
University of Toronto with a degree in Architecture. As an Institute-certified Director
from the Rotman School of Management, he has served as a board member in various
public companies, including Bayview Public Ventures (TSX:BPV.P), Spring & Mercer
Capital Corporation (TSX.V:SPN.H), Lonsdale Public Ventures (TSXV:LON.P) and
Cynapsus Therapeutics Inc. (TSXV:CTH).
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 11
Supplement: Historical Drilling
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 12
Gold equivalent values were calculated using metal prices of $600/oz for gold, $9.75 for silver, $2.25/lb for
copper, $0.45/lb for lead. $0.45/lb for zinc and $24.75/lb for molybdenum. No attempt has been made to
factor recoverable values at this early stage. The “Gold Equivalent” values stated are for comparative
purposes only and are not intended to imply recoverable economic values
Drill Hole
Drill Interval
From To Length Gold Silver Copper Lead Zinc Moly Gold
Equiv.
Meters Meters Meters g/T g/T ppm ppm ppm ppm g/T
GDH-1 15.55 45.20 29.7 0.75 8.09 320 276 317 13.5 1.02
Including 15.55 20.30 4.8 3.32 16.86 149 897 1,077 2.1 3.73
GDH-1 188.75 195.80 7.1 1.54 22.29 271 5,163 5,595 6.3 2.48
Including 194.60 195.80 1.2 5.12 43.75 421 11,771 11,970 10.2 7.06
GDH-4 87.85 93.50 5.7 2.55 27.61 434 4,654 6,682 3.6 3.64
Including 90.75 93.50 2.8 4.92 50.45 791 9,512 13,689 8.1 7.03
GDH-7 50.25 72.10 21.9 2.43 16.49 184 3,208 4,364 1.2 3.10
Including 50.25 53.40 3.2 11.00 42.99 395 12,265 15,473 0.5 13.09
Drill Hole
Drill Interval
From To Length Gold Silver Copper Lead Zinc Moly Gold
Equiv. *
Meters Meters Meters g/T g/T ppm ppm ppm ppm g/T
GDH08 87 117.85 30.85 1.16 17.04 229 2922 3665 4 1.59
Including 95.5 99.25 3.75 4.81 32.71 412 3914 5222 1 5.63
GDH09 * No significant intercepts
GDH10 * 76 88.50 12.50 0.77 10.12 288 1111 2140 7 1.02
Including 76 78.05 2.05 3.45 33.60 500 5306 10000 2 4.29
GH11 No significant intercepts
GDH12 No significant intercepts
GDH13 91.8 103.60 11.8 3.11 15.26 360 1019 1486 10 3.49
Including 97.9 101.00 3.1 10.82 18.70 491 1776 2395 9 11.29
GDH14 78.9 122.95 43.87 1.24 18.52 526 287 404 15 1.70
Including 96.45 97.50 1.05 18.45 16.60 309 713 678 14 18.86
Also 108.95 110.55 1.6 3.09 11.00 123 234 309 2 3.36
Also 117.95 122.95 5 2.44 67.56 648 10915 1063 9 4.13
GDH15 55.6 72.00 18.4 0.29 14.18 398 94 172 10 0.64
And 110.1 139.45 27.8 1.35 13.18 158 427 518 6 1.68
GDH16 * No significant intercepts
GDH17 No significant intercepts
Supplement: Historical Drilling
* Drilled using man-portable core rig to test near-surface mineralization
CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 13
Mr. Robert James Metcalfe
• Non-Executive Independent Chairman of the Board & Director
• Counsel to Metcalfe, Blainey& Burns LLP since January 2001; senior partner with
the law firm Lang Michener LLP for 20 years and President & Chief Executive
Officer of Armadale Properties for 7 years
• Currently serves as director on a number of boards including Alange Energy
Corp., Air IQ Inc., NXA Inc., ION Inc. of England and Envirotower Inc.
Mr. SerafinoIacono
• Interim President , CEO & Director
• Over 20 years experience in capital markets and public companies; raising more
than two billion dollars for numerous natural resource projects internationally
• Co-founded Medoro and is currently the Executive Co-Chairman and director of
both Gran Colombia Gold Corp. and Pacific Rubiales Energy Ltd.
• Also co-founder of Bolivar Gold Corp. and involved in numerous resource and
business ventures in Colombia
Mr. Carlos Pinglo
• Current CFO and former Vice President of Medoro Resources
• Over 20 years experience in corporate finance, strategic planning, financial
reporting and mergers and acquisitions in both Latin America and Canada.
• Previously served as Finance Manager at Maple Leaf Foods Inc. and was
Corporate Controller at Silver Eagle Mines Inc. and Excellon Resources Inc.
Marmato 0.3 gram per tonne cut-off Mineral Resource
Medoro is actively drilling to
expand and upgrade gold
resources at Marmato Mountain
Executive Management Team
• Updated Mineral Resource Estimate Confirms Gold Resources of 6.6 Million Ounces Measured and Indicated and 3.2 Million Ounces Inferred at Marmato
•Medoro Intersects 120.50 Metres of 1.043 g/t Au and 57.90 Metres of 2.221 g/t Au at Its Marmato Project in Colombia
The above estimate is based on over 127,500 metres of diamond drilling and cross-
cut samples. In addition to 379 historical drill holes, the updated estimate reflects
results from 105 drill holes of a definition drilling program planned for 2010/11. A
further 60 drill holes have been completed since the cut-off date for this estimate and
another 237 drill holes are planned for 2011, the majority of which will be
underground drill holes aimed at upgrading inferred mineral resources to the
measured and indicated categories.
Recent Drilling Results
Medoro Resources Ltd. Profile (TSX:MRS)
14CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011
Guayabales & Marmato Comparison
15CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011
Mercer Gold CorporationPresident, Rahim Jivraj
Symbol:MRGP–OTCQB; AN4 – FSE
T: +1.877.981.3130 | T: +1.604.681.3130 1620 – 200 Burrard Street, Vancouver, BC V6C3L6