Hawthorne Gold Corporate Presentation April 2010

1. Experienced
Management
Cassiar Gold Mine
Table Mountain
Infrastructure
& Taurus
Permitted
Frasergold
Building British Columbia’s Next Gold Producer
Corporate Presentation April 2010

2. Forward-Looking Information
Certain statements herein may contain forward-looking information within the meaning of applicable securities
laws. Forward-looking information appears in a number of places and can be identified by the use of words
such as “intends” or variations of such words and phrases or statements that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information includes
statements regarding the Company’s exploration and development plans with respect to its properties and the
estimation of mineral resources and are subject to such forward-looking risks, uncertainties and other factors
which may cause the Company’s actual results, performance or achievements, or industry results, to be
materially different from any future results, performance or achievements expressed or implied by such
forward-looking information. Such risks include gold price volatility, change in equity markets, the uncertainties
involved in interpreting geological data, increase in costs and exchange rate fluctuations, permitting and
environmental risks and other risks involved in the gold exploration and development industry. There can be no
assurance that forward-looking information referenced herein will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements or information. Also, many of
the factors are beyond the control of Hawthorne Gold. Accordingly, readers should not place undue reliance on
forward-looking information. All forward-looking information herein are qualified by this cautionary statement.
The Company does not undertake to update such forward-looking information except in accordance with
applicable securities laws.
A feasibility study has not been completed for any projects discussed in this presentation and there is no
certainty the disclosed targets will be reached nor that the proposed operations will be economically viable.
Michael Petrina, P.Eng., the Company’s Vice President of Mining and a Qualified Person as defined by National
Instrument (“NI”) 43-101, has reviewed and approved the technical information contained in this presentation.
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3. Share Structure
Issued and Outstanding 81,525,211
Stock Options ($0.40 - $1.60) 7,083,700
Warrants ($0.40 - $2.25) 12,634,194
Fully Diluted 101,243,105
American Bonanza Gold Corp. 5,750,000 ~(8%)
Institutional Ownership ~25,000,000 ~(26%)
Market Capitalization (as at February 15, 2010) ~$30M
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4. Investment Highlights
Experienced Management , Operational and Technical Team
• Led by respected company builders Michael Beley and Richard Barclay
 Co-founded both Bema Gold and Eldorado Gold
• Strong board of directors and advisory team
Dedicated to Growth through drilling, development and acquisitions
• Apply Bema/Eldorado Model (short term cashflow)
 Advance towards cashflow at profitable mining operation within 4 years from Company inception
 On track for production at Cassiar Gold Mine, British Columbia
• Aggressive 10,000 metre diamond drill program at Cassiar Gold Camp 2010
 Build resource portfolio and develop priority exploration targets for upside potential
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5. Gold Development and Production Portfolio
Three advanced stage gold projects in British Columbia, Canada
• Table Mountain Gold Deposit - high grade vein deposits
 Fully permitted 270 tonnes per day mine, operational mill and tailings impoundment facility
 Estimated replacement value for mill facility: ~$25M
• Taurus Gold Deposit - open pit, bulk tonnage opportunity
• Frasergold Deposit - open pit, bulk tonnage opportunity
Merger & Acquisition focus – build out management team, resource and production portfolio to
become a significant junior gold producer
• Reviewed 75 near term production gold projects
• Selected 6 for management dialogue
• Focused acquisition of near or in production target
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6. Experienced Management Team
Michael Beley Chairman and Director
40 + years experience in senior executive roles in mining industry; former co-founder, VP & Director of Eldorado Gold Corp.; former co-
founder, VP & Director of Bema Gold Corp.; co-founder of Polaris Minerals; and former Director of Nevada Pacific Gold
Richard Barclay President, CEO and Director
40+ years experience in senior executive roles in financial sector; former founding CEO, President, & Director of Eldorado Gold Corp.;
former co-founder, CFO and Director of Bema Gold Corp.; and former President, CEO & Director of Nevada Pacific Gold
David McAdam CFO (Interim)
25 years of international experience in senior financial roles. Mr. McAdam previously held the positions as CFO of Eastern Platinum
Limited, and executive and advisory positions for Yellowcake Mining Inc., and other US/CDN based Co.’s; B. Comm.
Marlin Murphy Manager of Environmental and Governmental Affairs
Over 25 years of environmental and government relations experience; previous senior management positions with EBA Engineering,
Compliance Energy Corporation, Barrick Gold Corporation, Homestake Mining and Cassiar Mining Corporation
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7. Experienced Director Team
Bernard Kahlert Director
35+ years of international exploration experience primarily focused on gold and base metals; held various positions with mining
companies in Australia, United States and Canada; graduate in Geology and P.Eng
Dale A. Sketchley Director
30 + years experience encompassing all phases of exploration, QAQC, geological modelling and resource evaluation; Mr. Sketchley has
been involved Ivanhoe Mines, Union Minié, Chevron, Denison, Erickson Gold, Cooke Geological, MineQuest, and Placer Dome
Don Siemens Director
30+ years experience as a Chartered Accountant; Mr. Siemens specializes in Corporate Finance, cross-border transactions and Mergers
& Acquisitions; Mr. Siemens serves as a director and Audit Committee Chair for three public companies: Los Andes Copper Ltd., Nikos
Explorations Ltd, and Adriana Resources Inc.
John Nugent Director
20 + years experience of Financial and corporate expertise; Mr. Nugent became president of Gardiner Group Stock Brokers Inc., co-
founder and president of Romanex Limited, president of International Barytex Resources Ltd. Currently he serves as a director of Nikos
Exploration and Los Andes Copper Ltd., and is Chairman of Hansa Resources Limited
Harvey Brooks Director
Over 20 years experience in executive roles; Mr. Brooks was Senior Vice-President and General Manager, US Division of National Bank of
Canada, director of Northern Sun Exploration Company Inc.
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8. Technical Team and Advisors
Jack McClintock Board Advisor/Consultant
30+ years experience in all facets of the mineral exploration business; held various positions of increasing responsibility with Rio Algom,
Billiton and BHP Billiton, the last being Global Exploration Manager with BHP Billiton; graduate degrees in Geology and MBA
Dr. John-Mark Staude Board Advisor
20+ years of international exploration experience in precious and base metals; held various positions of increasing responsibility with
Kennecott, BHP Billiton, and Teck Cominco
David Rhys Board Advisor
Principal of Panterra Geoservices Inc.; specializes in the application of structural geology techniques to the assessment of mineral
deposits; has extensive experience in the evaluation of gold deposits at all phases of development
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9. British Columbia – A Pro Mining Province
Cassiar Gold Table Mountain Deposit
District (Cassiar Gold Mine)
Taurus
Deposit
Cariboo Gold Frasergold
District Deposit
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10. Cassiar Gold Camp
Table Mountain and Taurus Deposits
Progress To Date
• 58,901 hectare claim
• Increased land position by 245% boundary
• Historical production of
• Purchased remaining 70% of Taurus ~500,000 ounces
Deposit
• Completed geological compilation model
of 40 years of data
• Completed 12,000 metre surface diamond
drill program 2008/9
• Rehabilitated underground access
workings at Cassiar Gold Mine
• Re-established exploration and mining 75
man camp
• Completed property-wide geophysics
program
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11. Table Mountain Mine and Mill Complex
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12. Table Mountain Mill and Shops
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13. 270 TPD Mill Capacity
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14. Experienced Mining Management
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15. Table Mountain Gold Deposit &
Cassiar Gold Mine
High-Grade Gold System
• NI 43-101 Mineral Resource Estimate
• Deposits hosted in extensive quartz-carbonate- • 23 km of road access
gold vein systems similar to some of Canada’s throughout property to
largest gold camps, including Timmins, Kirkland access 13 adits and ~25 km
underground workings
Lake and Val d’Or
2009 Exploration & Development Program
• Completed 12,000 metre diamond drill program
focused on:
 Priority zones identified at Table Mountain
and Taurus that will increase resource
base
 Regional targets to identify new zones
• Underground pre-development at Table
Mountain to prepare for production at Cassiar
Gold Mine
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16. Table Mountain Core Library
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17. Multiple Gold Zones For Future Development
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18. High Grade Gold Veins
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19. Historic Mining Grades of 14 Grams Gold
Quartz vein in mine face – Table Mountain
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20. Table Mountain Mining Fleet
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21. Table Mountain Mill
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22. Constructed New 75 Tonne Capacity Bridge
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23. Cassiar Gold 75 Person Camp
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24. Taurus Gold Deposit
Highlights
• NI 43-101 Mineral Resource Estimate
• High-grade zones identified within resource
selected high grade open pits
• Open pit, bulk tonnage opportunity
• Historical production of 32,700 ounces from high
grade zones within deposit
Oro Vein
2010 Exploration & Development Program
• Plan 2010 10,000 meter surface exploration drill
program to bring Taurus inferred resource to
measured and indicated status
• Metallurgical studies on mineralized zones for
compatibility with mill flow sheet
• Potential for multi million ounce open pit and
underground bulk mineable gold deposit
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25. Taurus Gold Deposit Looking West
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26. Taurus Core Library
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27. Taurus Diamond Drilling
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28. Taurus Open Pit 2009 Bulk sample
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29. Taurus High Grade 3-5 Gram Gold Zones
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30. Straight Forward Ore Control Taurus Gold Zones
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31. Taurus Bulk Sample – Summer 2009
Examples of potential
high grade zones within
Taurus Low Grade
deposit
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32. Taurus 5,000 Tonne Bulk Sample
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33. Taurus Bulk Sample High Grade
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34. Infrastructure, Resources, People
Reading for Production
Mine and Mill Site 270 tpd Mill Facility Entering East Bain Zone
Underground at Table Mountain Developing Ramp to East Bain Taurus High Grade Veins at Surface
Taurus pre-stripping, drilling, trenching Taurus Drilling Zone #1 Reviewing Core (President and Advisors)
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35. Frasergold Summary
• Completed an independent National Instrument 43-101 technical report on
November 15, 2009.
• Open pit, bulk tonnage opportunity
• ~50,000m of historical diamond and RC drilling and 300m underground
workings (includes 3,617m in 2007 and 10,405m in 2008)
• Extensive infrastructure with road access directly to site
• 65 different visible gold occurrences logged in 60% of the 58 completed
holes; drilling highlights: 48.77m averaging 5.84 g/t Au, including 4.38m
averaging 63.05 g/t Au
2007/08
Drilling
Earn up to a 60% interest in the property from
Eureka Resources Inc.
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36. Frasergold Deposit Comparison
Deposit Resource Resource (Oz Au) Resource (Oz Au) Company Stage Cash Cost
Cut-off Grade Grade
(g/t) M&I (g/t) Inferred (g/t) Per Oz
Paracatu,
Brazil 0.18 4,267,000 0.380 450,000 0.370 Kinross Operation $373
Fort Knox,
Alaska 0.43 1,723,000 0.550 35,000 0.550 Kinross Operation $344
Marigold,
Nevada n/a 510,000 0.550 460,000 0.480 Goldcorp Operation $308
Frasergold,
British Hawthorne Gold / Advanced
Columbia* 0.30 611,959 0.559 1,228,457 0.507 Eureka Resources Exploration N/A
Spanish Mtn,
British Skygold Ventures Advanced
Columbia 0.30 3,940,000 0.581 460,000 0.574 Ltd. Exploration N/A
Maricunga,
Chile n/a 2,290,000 0.610 2,400,000 0.560 Kinross Operation $447
Round Mtn,
Nevada 0.42 529,000 0.640 450,000 0.404 Kinross Operation $316
* The Frasergold current resource is base is based on an approximate strike length of 1.5 km
within the 10 km mineralized zone on the Frasergold Property
Notes: Due to the uncertainty of Inferred Mineral Resources it cannot be assumed that all, or any part of this
P & P - Proven and resource will be upgraded to an Indicated or Measured Resource as a result of continued exploration. To
justify upgrading of the Mineral Resource to a Mineral Reserve, demonstrated economic viability is
Probable
required. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.
M & I - Measured and The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title,
Indicated taxation, socio-political, marketing, or other relevant issues.
Other:
All information presented above is based on public information gathered from company websites.
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37. Exploration and Development
Going Forward
TABLE AND TAURUS GOLD DEPOSIT
• Continue resource development through surface drilling during 2010 summer/fall; exploration
program will consist of 10,000 metres of diamond drilling, trenching, mapping and soil sampling
• Complete engineering and mine planning
• Complete pre-production mine development leading towards production at Cassiar Gold Mine
FRASERGOLD
• Completed an independent National Instrument 43-101 technical report titled, "Report on the 2007
and 2008 Drill Programs on the Frasergold Property, Cariboo Gold District, B.C.”, prepared by K.V.
Campbell, Ph.D, P.Geo of ERSi Earth Resource Surveys Inc. and G.H. Giroux, MA.Sc, P.Eng. of
Giroux Consultants Ltd. -dated November 15, 2009; reviewing opportunities and action plan for
mining camp and project
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38. NI 43-101 Mineral Resource Estimate
Measured Indicated Inferred
Projects Tonnes Grade Contained Au Tonnes Grade Contained Au Tonnes Grade Contained Au
g/t g/t g/t
Kg Oz Kg Oz Kg Oz
East Bain* 20,101 21.21 426.37 13,708 1,158 68.57 79.38 2,552
Taurus** - - - 33,055,000 0.990 32,829.72 1,055,500
Frasergold 11,470,000 0.595 6,824.65 219,418 22,610,000 0.540 12,209.40 392,541 75,310,000 0.507 38,209.28 1,228,457
Total 11,470,000 0.595 6,824.65 219,418 22,630,101 0.558 12,635.77 406,249 108,366,158 0.655 71,118.38 2,286,509
• An independent National Instrument 43-101 technical report titled, "Report on the 2007 and 2008 Drill Programs on the Frasergold
Property, Cariboo Gold District, B.C.”, prepared by K.V. Campbell, Ph.D, P.Geo of ERSi Earth Resource Surveys Inc. and G.H. Giroux,
MA.Sc, P.Eng. of Giroux Consultants Ltd. -dated November 15, 2009, is available on www.sedar.com and on Hawthorne’s website.
The Company is earning up to 60% of the project from Eureka Resources and 100% of ounces from project are shown
above***.
• *Update of Technical Report on the Table Mountain Property, Liard Mining District, BC on the Table Mountain Property prepared by
Beacon Hill Consultants (1988) Ltd. - June 1, 2008. For 68.57 g/tonne cut values, individual assays greater than 68.57 g/tonne Au are
cut to 68.57 g/tonne Au.
• ** An updated NI 43-101 report (Wardrop Engineering Inc. – Updated Resource Report on the Taurus Deposit – Liard Mining District,
BC - dated March 11, 2009) regarding the Taurus Property is available on www.sedar.com. Taurus NI 43-101 resource estimate
conversion equates to 33.055 million tonnes at 0.99 g/t Au. This uses a cut-off grade of 0.50 g/t Au.
***About the Frasergold Option Agreem ent
 Pursuant to an option agreement dated October 31, 2006 between Hawthorne and Eureka, Hawthorne can earn a 51% interest in the Frasergold Project by
completing sufficient exploration expenditures totaling $3.5 million (expended), completing a feasibility study by April 30, 2010 (April 30, 2012 with extensions) and
making cash payments totaling $175,000 ($175,000 paid) before October 31, 2009. Hawthorne can earn a further 9% (for a total of 60%) by arranging financing for
70% of the estimated capital costs for production.
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39. Contact:
For more information please visit:
www.hawthornegold.com
or contact:
Todd Hanas
Telephone: 604.484.3668
Toll Free: 866.869.8072
Email: todd@hawthornegold.com
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