Unlocking the Value in Aurcana by Quadrupling Silver Production to 5 Million ounces annually

1. Turning Silver into Growth Unlocking the Value in Aurcana by Quadrupling Silver Production to 5 Million ounces annually TSX.V - AUN aurcana.com October 20, 2010

2. General Disclaimer: Aurcana Corporation "Aurcana", has taken all reasonable care in producing and publishing information contained in this presentation. The material may contain technical or other inaccuracies, omissions, or typographical errors, for which Aurcana assumes no responsibility. Aurcana does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information in this presentation. The information is not a substitute for independent professional advice before making any investment decisions and Aurcana recommends seeking independent professional advice before making any investment decisions concerning Aurcana. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information in this presentation, except for personal use unless you have obtained our express permission. . Forward-Looking Statements: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this presentation. This Presentation includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including without limitation statements regarding potential mineralization and resources, reserves, exploration results, and future plans and objectives of Aurcana, are forward looking statements that involve various risks and uncertainties. The mineral resources estimates contained here are only estimates and no assurance can be given that any particular level of recovery of minerals will be realized or that an identified resource will ever qualify as a commercially mineable or viable) deposit which can be legally and economically exploited. In addition, the grade of mineralization ultimately mined may differ from the one indicated by the drilling results and the difference may be material. The estimated resources described herein should not be interpreted as assurances of mine life or of the profitability of future operations. There can be no assurance that forward looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Aurcana’s expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future commodity prices. Although Aurcana has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: These tables use the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.

3. Why Aurcana Pure Silver Leverage The next primary silver producer Growing annual silver production: 2010 1,000,000 ozs Ag 2011 1,200,000 ozs Ag 2012 5,000,000 ozs Ag* 3) Low Valuation: EV/(M&I+I) less than $1/oz M&I Resources (ozs Ag): 28.1 million Inferred Resources (ozs Ag): 23.5 million * Assumes Shafter startup 3

4. Aurcana Projects • La Negra Mine • - Mexico - 92% • Silver-Copper-Lead-Zinc • Shafter Mine -Texas - 100% Pure Silver

5. La Negra Mine - Mexico Silver-Copper-Lead-Zinc Mine 1,500 tpd Mill Mine Portal • Main Haulage at 2000 Level below deposits • 900 metres Mine Portal to Mill • 150 t/hr crushing capacity avoids peak power rates 5

6. La Negra - Financial Highlights • Cash cost $8.25/oz (net of base metals) • Low Cost - long hole open stope mining and room and pillar mining methods

7. La Negra – Production * Estimated 7

8. La Negra - Ore Bodies Exploration Upside & Reserve Replacement 1970 -2000: 36 million ozs Silver produced by Peñoles Open at depth Open at depth Open • La Negra NI 43-101-compliant on 3 of 28 ore bodies: • -Reserves: 1.2 mm ozs Ag • -M&I: 2.3mm ozs Ag • -Inferred: 0.7mm ozs Ag • Accessible through over 50 km of underground development on five main levels over 500m vertical

9. La Negra – Highlights 28 ore bodies outlined to date: - Deposits contain different metal ratios allowing quick response to changing metal prices Over 10 year projected mine life: - Based on reserves and resources in all categories and a mining history of 30 years. Throughput increased by 50% to 1,500 tpd to contribute to lower costs and increased mine profitability 9

10. Shafter – Resources Shafter-12th largest primary silver mine in world* (If in production today) -adding 10% to US Production* • Resource open along strike • Much of the necessary infrastructure is in place • Favorable location for lower cost work force *Silver Institute 2009 10

11. Shafter Silver Mine - Texas Favorable Location – State Permitting - No BLM July 2008: Acquired from SSO for $0.82 / oz Sept. 2010: Feasibility CapEx $45m or $0.95 / oz TOTAL $1.77 / oz acquisition & development cost 11

12. Shafter - Cross Section • Past production – 35 million oz contained silver (2.3 million tons @ 15 opt). • Proposed ramp allows early start up of production at 1,500 tpd with low cost mechanized mining methods.

13. Shafter - Feasibility Highlights • 3.8 m ozs silver produced in each of the first two years • Cash Cost $7.60 per ounce first two years • 18 month construction timeline

14. Worlds Leading Primary Silver Mines (millions of ounces - 2008) 14

15. Shafter - Highlights At $21 per ounce silver IRR is 73% NPV is $103 million payback is 1 year. Potential to double mine life through in-fill drilling to upgrade the inferred resources. Goldfields bulk sample indicated improvement in grade compared to drill hole results.

16. Aurcana -Share Capitalization Issued and Outstanding 127,674,160 Warrants 15,209,263 5,793,864 @ $0.35 - May /11 397,196 @ $0.30 - May /11 300,000 @ $0.35 - Mar /13 6,593,000 @ $0.40 – June /13 2,125,203 @ $0.30 - Aug /12 Stock Options 11,112,500 1,100,000 @ $0.59 - Aug. /11 912,500 @ $1.50 - Mar. /12 150,000 @ $1.65 - Mar. /12 100,000 @ $0.64 - Dec. /12 150,000 @ $0.58 - May /13 1,625,000 @ $0.31 - Sept. /13 350,000 @ $0.13 - Jan. / 14 3,575,000 @ $0.10 - Aug. /14 1,650,000 @ $0.285 - Dec. /14 900,000 @ $0.275 - Feb. /15 250,000 @ $0.37 - May /15 350,000 @ $0.25 - July /15 $10m - 3% Convertible Debenture 6,622,517 ` Convertible @ $1.51 - July 15, 2011 Fully Diluted160,618,440 16

17. Why Invest in Aurcana? Pure leverage to silver Growth: Quadrupling Silver Production Proven Production Team Compelling market valuation 17

18. Officers , Directors and Management Lenic Rodriguez President, CEO and Director Ron Nichols Senior V. P. & Director Adrian Aguirre Director Ron Netolitzky Director Bob Tweedy Director Jack Barnes Corporate Relations Andy Nichols P.Eng V.P. Operations Nils von Fersen V.P. Exploration Tim Thiessen Chief Financial Officer Terese J. Gieselman Corporate Sec. / Treasurer Salvador Huerta Controller Sandy A McVey P.Eng Manager, Projects