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CAUTIONARY & FORWARD LOOKING STATEMENT

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CAUTIONARY & FORWARD LOOKING STATEMENT

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  1. No regulatory authority has approved or disapproved the information contained in this presentation. This presentation includes certain statements that may be deemed “forward looking statements”. All statements in this presentation, other than statement of historical facts, that address future production, reserve potential, exploration drilling, exploration activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors should be cautious that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. CAUTIONARY & FORWARD LOOKING STATEMENT

  2. 3 SIGNIFICANT ASSETS • KOBADA, Mali 218 sq km • PEA: July, 2011- $216.9M NPV; 90.6% IRR; @ $1,100 Au • 1,093,000 oz Au (Inferred) from 15% of strike; 43-101 • 126,600 oz Au annual production target, GRG from Oxide • Feasibility underway, Bulk Mining Model • < 3% of 218 sq km drill tested • ASANKRANGWA, Ghana 456 sq km • On strike with PMI’s Obotan - 4.5M oz Au @ 2.5 g/t Au • Contiguous with Keegan’s 5.1M oz Au resource (Esaase) • 24 km gold anomaly with extensive artisanal workings • MANKRANHO, Ghana 108 sq km • Northern extension of Newmont’s Ahafo project • $8mm (USD) JV with Newmont to earn up to 70% • Geochem, IP & mapping to establish drill targets

  3. CORPORATE OVERVIEW Ticker Symbol: TSX-V: “AGG” Current Price: C$0.40 – C$0.60 52 Week Hi/Low: C$1.06 - C$0.30 Common Shares: 115,564,988 Options + Warrants: 6,365,000 options 9,804,000 warrants Fully Diluted: 131,733,988 Insider Ownership:~15% (Fully Diluted) Debt: Zero Institutional Sh’s:Pinetree Capital ~15% PAN AM Sprott AM ~10% Sentry Select RBC Asset Mgmnt Dundee Resources US Global Advisors SALIDA Capital … Picton Mahoney Swiss Canto AM

  4. MOROCCO LIBYA ALGERIA MAURITANIA MALI S e n e g a l NIGER R i v e r SENEGAL Lake Tchad r e v i GAMBIA R r e g BAMAKO i N BURKINA FASO GUINEA NIGERIA GUINEA BISSAU BENIN r e e B n v u i R e TOGO IVORY SIERRA LEONE COAST GHANA LIBERIA CAMEROUN ACCRA KOBADA, MALI

  5. POSITIVE PRELIMINARY ECONOMIC ASSESMENT July 2011 IRR vs. Gold Price IRR vs. Operating Cost Variation • +1,000,000 Oz Au From 15% Strike At Kobada Mali • 126,600 Oz Au - Average Annual Production Target • CapEx $125,000,000 – OpEx $458/oz Au

  6. LOCATION MAP: KOBADA CONCESSION July 2009 • Gold Fields aquires 90% of Glencar for ₤ 28,000,000 • 3 km from Kobada, Mali • Water - 7 km from the Niger River • Power – 45 km from Selinque Hydro • Access – 3.5 hr drive to site

  7. KOBADA AREA Geochemistry Plan Map Arsenic • +500 ppm arsenic anomaly extending over 12km strike x 1km wide • Extensive artisanal Surface & hard-rock activity • Historical Exploration • BRGM, La Source, COMINOR 0 10km

  8. COMPILATION MAP Kobada Gold Project • 7 distinct geophysical targets • Identified 218.5 Sq Km footprint • ~15% explored Dec 31, 2010 (DD = Due Diligence)

  9. KOBADA ZONE 1 Plan Map • 43-101 Zone 1 Resource (July, 2011) • 1,700 meter strike length • 41,750,000 tonnes assaying 0.64 g/t Au • Bulk Mining Model • Includes 100% of material contained within mineralized corridor • 126,600 oz’s Au Annual Target - GRG • 2011 RC Drilling – 100% step-out • 1,550 meters south of Zone 1 • 2,000 meters north of Zone 1 • Foroko North Discovery Zone • Gossokorodji Anomaly • Testing East-West veins (extension fractures)within the N20 E Kobada shear zone

  10. BLUE SKY POTENTIAL • “NORTH” • July 2009 • 450 m Step out to 1100S • Arms Length Entity Drills 24 Holes As Part of Due Diligence • 11 holes in Zone 1 • 13 Step Out Holes To Test Northern Extension • KBRC09-20 • 8 m of 7.74 g/t Au • & • 21 m of 4.89 g/t Au • 2011 • AGG drills 12 Step Out Holes drilling to 2000 To Test E-W Extension Fractures • KBRC11-019 • 34 m @ 2.08 g/t Au • KBRC10-020 • 14 m @ 0.53 g/t Au • 18 m @ 0.72 g/t Au • 66 m @ 0.71 g/t Au • KBRC10-023 • 10 m @ 1.24 g/t Au • 72m @ 0.76 g/t Au • KBRC10-024 • 8 m @ 2.68 g/t Au • 24 m @ 0.76 g/t Au • KBRC10-025 • 18 m @ 3.36 g/t Au • 15 m @ 4.79 g/t Au • KBRC10-026 • 7 m @ 1.14 g/t Au • 24 m @ 0.9 g/t Au • 45 m @ 1.21 g/t Au

  11. BLUE SKY POTENTIAL NORTH Kobada Concession: Plan Map Zone 1 + RC Step-Out 1 km Step Out to 400 S area • KBRC11-016 • 15m @ 1.61 g/t Au • 20m @ 0.46 g/t Au • 10m @ 2.38 g/t Au • 1.5 km Step Out to 000 N area • KBRC11-012 • 8m @ 0.59 g/t Au • 7m @ 0.34 g/t Au • 8m @ 6.23 g/t Au • 9m @ 0.59 g/t Au • 7m @ 0.56 g/t Au • 2 km Step Out to 400 N area • KBRC11-003 • 6m @ 1.29 g/t Au • 4m @ 0.51 g/t Au • 10m @ 0.80 g/t Au • 6m @ 1.23 g/t Au • 13m @ 0.57 g/t Au • KBRC7-015 • 8m @ 5.08 g/t Au • 22m @ 1.48 g/t Au • KBRC07-038 • 5m @ 4.04 g/t Au

  12. BLUE SKY POTENTIAL NORTH FOROKO NORTH Discovering a new gold zone - 4.3 km North of Zone 1 • KBRC10-034 • 23 m @ 2.10 g/t Au • KBRC10-038 • 53 m @ 1.53 g/t Au & • 9 m @ 5.78 g/t Au • KBRC10-047 • 62m @1.04 • KBRC10-59 • 48 m @ 1.28 g/t Au • Planned 2011 Drilling - North and South along trend of this mineralized envelope

  13. BLUE SKY POTENTIAL SOUTH 600m Step Out From Zone 1 • Section 2750S • RPA10-006 • 18m @ 1.18 g/t Au • 26m @ 1.08 g/t Au • RPA10-005 • 16m @ 1.11 g/t Au • 28m @ 1.79 g/t Au • Section 2800S • RPA10-002 • 28m @ 0.69 g/t Au • RPA10-003 • 16m @ 1.70 g/t Au • 47m @ 1.99 g/t Au • RPA10-008A • 102m @ 1.0 g/t Au • Section 3000S • KBRC11-043 • 52m @ 1.02 g/t Au • Section 3350S • KBRC11-055 • 35m @ 0.90 g/t Au • Section 3400S • KBRC11-059 • 14m @ 3.08 g/t Au

  14. BLUE SKY POTENTIAL SOUTH & EAST TERMITE ZONE First Pass Drilling: Up To 1 km South & 300 Meters East of Zone 1 Deposit 2800S Zone Dec 2010

  15. COMPILATION MAP Northern Asankrangwa Belt AGG Select DD Results Moseaso(2004) MA04-05: 51.45 m @ 0.74 g/t MA04-08: 13.35 m @ 2.16 g/t MansoAtwere(2008) MADD08-1118 m @ 1.65 g/t including 9 m @ 3.52 g/t Asuowunu(2008) TADD08-12 7 m @ 2.34 g/t

  16. 2.7 kg GOLD NUGGET DISCOVERED AT KOBADA, MALI Feb. 26, 2008

  17. Panning for Coarse Free Gold ARTISANAL MINING ALONG THE FEI RIVER 11

  18. PANNING FOR COARSE FREE GOLD 11

  19. REGIONAL ARTISANAL MINING Ongoing for centuries 12

  20. SURFACE WORKERS WASH ORE To recover Gold MINERS DIG VERTICAL SHAFTS To Intercept Mineralized zone & excavate ore horizontally

  21. NEWMONT’S DEVELOPMENT PLANS & DRILL TRAGETS Area II Newmont RC drilling Area I North Area III Mankranho License Area I South Area IVa Area IVb NEWMONT JV US$8 mm – 70% Drill Target generation underway Source: Newmont, Information Handbook,September 2003 Source: Newmont, Information Handbook, September 2003

  22. MANSO ATWERE Artisanal Pit 110m(L) X 40m(W) X 30m(H) 2003-2007

  23. MANSO ATWERE Assay Results From Pit • Channel Samples • 12M of 2,73 g/t Au • 22M of 2.36 g/t Au • 8M of 1.14 g/t Au

  24. CRUSHING & WASHING ORE • Grab Sample Analysis • J1059 10.2 g/t Au • J1060 20.9 g/t Au

  25. Michael A. Nikiforuk, President, Founder and Director Former Vice President, Corporate Development and Former Director of Banro Resource Corp. Represented Banro in three rounds of equity financing totaling approximately $30 million Marco J. Durante, Vice President & Secretary, Founder and Director Substantial past experience with mining companies including Banro Resource Corporation and Lyndex Exploration Focus on Investor Relations strategies and financing initiatives Pierre Lalande P. Geo. 1994-2001, Chief Geologist IAMGOLD Corp. 40 years field experience – 35 years West African experience 2001-2005 Technical Adviser to Orezone Resources Inc. (Essakane, Burkina Faso) Contributed to Development of: Sadiola (Mali), Yatela (Mali), Siguri (Guinea), Kiniero (Guinea) and Samira-Libiri (Niger) Jean-Jacques Lefebvre, MSc, (Belgium); Eng. (France) Director Former Chief geologist , Union Miniere, Central Africa Involved in negotiation and acquisition of SOMINKI for Banro Resource Corp (1995) Negotiated acquisition of Kobada gold concession with Cominor S.A. for AGG (2005) Senior Geologist with PBK Engineering Ltd. (Director of Geology in Congo for SODEMIZA project) Extensive African continent experience David S. Brown, LL.B, Director Partner in the Corporate Department of Toronto based WeirFoulds LLP Founder and past Chairman and presently serves as a Director of the Toronto Venture Group. President of the Limited Market Dealers Association of Canada and member of the Executive Committee of the Toronto Angel Group. BOARD OF DIRECTORS

  26. Michael A. Nikiforuk, President (See Board of Directors) Marco J. Durante, Vice President & Secretary (See Board of Directors) Jaimie Macpherson, CFO 20+ years experience in financial management, tax, audit and corporate governance expertise. Kevin Downing PhD, Vice President, Exploration Structural geologist with17 years experience in gold exploration. SekouKonate, Managing Director, AGG (Mali) SARL Former senior bureaucrat and advisor to the Minister of Mines, Government of Mali ADVISORY BOARD W. Durand (Randy) Eppler, M.Sc. Former Vice President, Corporate Planning for Newmont Mining Corp., Vice President, Newmont Capital Corp., and former President of Newmont Indonesia Prior to joining Newmont, he was the Managing Director of Chemical Securities Inc. Holds a Master’s Degree in Mineral Economics from the Colorado School of Mines MANAGEMENT & ADVISORY BOARD

  27. KOBADA, Mali – Positive Preliminary Economic Assessment ASANKRANGWA, Ghana – On Strike with PMI Obatan’s Keegan’s Essase deposit MANKRANHO, Ghana – Northern extension of Ahafo Management = +100 Collective years of African experience. Michael Nikiforuk: Former VP & Director, Banro (’95-’98) Pierre Lalande: Former Chief Geologist IMG, 35 years experience West Africa Marco Durante: Former IR Banro Jean-Jacques Lefebvre: 40 years experience African continent Kevin Downing: 17 years exploration experience Closed 6 tranches ~$40,000,000 Strong Institutional Ownership: Pinetree, Sprott, US Global, RBC, … OUR FOCUS: PRODUCTION

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