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WELL DEFINED. WELL ADVANCED. WELL PLANNED.

WELL DEFINED. WELL ADVANCED. WELL PLANNED. KRP DEPOSIT: A New Gold Discovery with World Class Potential. 1. Investment Highlights. Advanced gold exploration project located in one of the best mining jurisdictions in the world – Ontario, Canada

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WELL DEFINED. WELL ADVANCED. WELL PLANNED.

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  1. WELL DEFINED. WELL ADVANCED. WELL PLANNED. KRP DEPOSIT: A New Gold Discovery with World Class Potential 1

  2. Investment Highlights • Advanced gold exploration project located in one of the best mining jurisdictions in the world – Ontario, Canada • Lead KRP project has a bulk tonnage model with multi-million ounce potential • High quality initial 43-101 resource of over 1 million ounces • 377,000 M&I Au oz @ 1.73 g/t • 624,800 Inferred Au oz @ 1.02 g/t • KRP Project located next to excellent infrastructure • Rundle-Swayze project has 300,000 ounces with excellent upside potential • 166,000 M&I Au oz @ 7.17 g/t • 142,100 Inferred Au oz @ 5.52 g/t • Experienced management team • Capital market and operational experience • Attractive valuation • Priced at $30 EV/oz vs. $120 EV/oz • Leverage to multiple expansion and resource expansion

  3. Canadian Operations Near Excellent Infrastructure • Located near Sioux Lookout/Dryden in Ontario, Canada • 4 km off of paved provincial highway • Power lines 15 km from discovery • Abundance of skilled labour nearby • Can carry out drilling year round with multiple drill rigs Historic Power Trans-Canada 3 3

  4. KRP Project located on a Prolific Greenstone Belt • The KRP deposit is situated on the Wabigoon Greenstone Belt • It is in a similar setting to Rainy River’s project, also situated in the Wabigoon sub-province • Land package of 24,862 hectares (100% controlled) KRP 1Moz Au Cameron 1Moz Au 4

  5. Initial NI 43-101 Resource Estimate • Wardrop Engineering Report – October 2010 • Seven mineralized zones • Current & 43-101 compliant – 1,001,800 ozs at 0.5 g/t cut-off • Historical metallurgical tests demonstrate recoveries ranging from 95.7% to 97% 5 5

  6. Increasing Ounces Potential to Significantly Expand Strike Extension of Mineralization Only 3.0 km of strike length explored Mineralization known to extend over 7.0 kms Additional mineralized zones identified to both North and South of current KRP zones Strike length begins at KRP deposit through to the Quyta block (drilled with a geological potential of approximately 150,000 ozs) 12 km 6

  7. Tamaka Valuation (cont.) EV / Resources ($/Au oz) $132.60 - Peer Average (ex. High and Low) 4.4x $30.10 - Tamaka (post-money) 7 7

  8. Pro Forma Share Capital Structure 8 8

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