1. Advancing Exploration for World-Class Gold Discoveries Nevada - Colombia - Alaska

4. Share Structure Share Issued 52,849,452 Options 7,022,000 Warrants 6,886,492 Fully Diluted 66,757,944 Recent Share Price $0.40 Market Capitalization $21.1 million Cash Position $6.9 million Annual Burn Rate $2.7 million TSX-V: MAD 58,000 OTCBB: MRDDF 29,000 FSE: WKN 900519 (MRG) 5,000 Ticker Symbols Daily Vol (3 Mth Avg as of Oct 1)

7. Why invest in junior explorers

11. Miranda’s Red Hill Next off-set mineralized zone in the Cortez Trend? Barrick’s new discovery

17. Ester Dome Core and Drill Roads

20. 2011 JV Partner Drilling/Spending Forecast Active JV's Planned Drilling Possible Drilling Project Partner Location Phase I Phase 2 Total # Total m Start Min $ Add'l$ Total $ Results # holes meters # holes meters Red Canyon Montezuma Nevada 8 1,605 5 1,524 13 3,129 Aug & Oct $750,000 $360,000 $1,000,000 6.1 m of 7.0 g/t Au Angel Wings Ramelius Nevada 12 (RC) 1,676 3 (core) 240 15 1,916 September $220,000 $430,000 $650,000 Assays pending Big Blue Ramelius Nevada 4 754 3 581 7 1,335 Mar & Sept $150,000 $350,000 $500,000 26 m of .75 g/t Au Red Hill NuLegacy Nevada 5 2,071 3 1,032 8 3,103 June & Sept $700,000 0 $700,000 12 m of .45 g/t Au Coal Canyon NuLegacy Nevada 1 453 0 0 1 453 August Incl w RH 0 Assays pending Taz Navaho Gold Nevada 1 732 0 0 1 732 October $400,000 0 $400,000 Assays pending Ester Dome Agnico-Eagle Alaska 6 1,287 0 0 6 1,287 September $500,000 0 $500,000 Assays pending Pavo Real Red Eagle Colombia 8 5,000 0 0 8 5,000 October $2,100,000 $2,100,000 Drilling in progress Cajamarca Red Eagle Colombia 0 0 0 0 0 0 - $500,000 0 $500,000 Mapping/sample Total Active – 9 Joint Ventures 45 13,578 14 3,377 59 16,955 $5,320,000 $1,140,000 $6,460,000

21. 2011 Summary