1. Martin Moloney
Exploration Manager, Northern Ireland
Exploration Northern Ireland │ Site Visit April 2013
Sample from the T17 vein
188 g/t gold
103 g/t silver
5.07 % copper

2. Northern Ireland
2
 Our flagship asset: Curraghinalt mesothermal
high-grade gold deposit
 Excellent regional infrastructure
 Over 84,000 hectares under license
 Recent surge in gold sector
Gortin
Omagh BELFAST
N O R T H E R N
I R E L A N D
Cavanacaw
Galantas
Gold
Conroy
Diamonds
& Gold
Lonmin
Irish Salt
Mining
Curraghinalt Gold Deposit
Clontibret
Croagh Patrick
Parys Mountain
Gwynfynydd
Galmoy Avoca
Pallas Green
Silvermines
South Crofty
Gold
Base Metals
Salt Mine
Allihies Copper
Mines
Galantas Gold
Permitted in 2007
Scotgold
Permitted in 2012
Vedanta Resources
In production
Boliden
In production
IMC Exploration
354 g/t gold over 1.5m
Underground
Salt Mine
Lundin
In production
Conroy
+1M ounce resource
Lisheen
Cononish
Tara
Cavanacaw
Xstrata
Feasibility
Gold Mines of Wales
U/G grab sample - 263 g/t gold
Clogau

3. Generalized Geology
3
REGIONAL GOLD DEPOSITS
Dalradian Metamorphic
Complex
Plutonic Complexes
Au Deposits

4. Building Momentum…
4
 In the last 2 years…
– >4-fold increase in contained ounces
– Implemented a modern exploration organization
 Deposit is open in all directions
 Successfully mapping high grade shoots
 “C” veinlets, a game changer…
– Reduce dilution
– Stand-alone ounces?
 Big trend & proven exploration method
(prospecting > soil sampling > drilling)
 Clear strategy, competent team

5. News Flow 2012/2013
Curraghinalt Drilling:
• 3.35m @ 13.80 g/t Au
• 3.75m @ 10.43 g/t Au
• 1.48m @ 22.83 g/t Au
2013
2012
Q1 Q2 Q3 Q4
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Fallagh Prospect
announced with float
samples of:
• 30.30 g/t Au
• 29.20 g/t Au
Completes airborne
geophysical survey
Positive PEA
43-101 Technical
Report filed
Soil geochem grid
identifies new targets
Water discharge
permit in hand
Curraghinalt Drilling:
• 2.34m @ 47.94 g/t Au
• 3.97m @ 38.00 g/t Au
Alwories discovery
1.47m @ 23.62 g/t Au
2.22m @ 14.07 g/t Au
C-veins show wall
rock carry gold
More Alwories Intercepts:
• 4.72m @ 14.82 g/t Au
• 1.28m @ 30.58 g/t Au
2013 Exploration
Program Announced
$28.2 million bought
deal financing
announced
Micon appointed as
lead consultant for PEA
Curraghinalt Drilling:
• 1.7m @ 17.55 g/t Au
• 2.47m @ 18.99 g/t Au
5
Curraghinalt Drilling
Deep Hole:
• 1.54m @ 30.13 g/t Au
Step-Out:
• 5.35m @ 6.60 g/t Au
Application Submitted for
Underground Exploration
Development
Q1
JAN FEB MAR APR
Q2

6. Curraghinalt Deposit
6

7. Measured: 0.01 Moz Au @ 21.51 g/t)
Indicated : 0.46 Moz Au @ 12.84 g/t)
Inferred: 2.23 Moz Au @ 12.74 g/t)
 Open in all directions except up
7
CURRAGHINALT RESOURCE ESTIMATE
0
10,000
20,000
30,000
40,000
50,000
0.0
0.5
1.0
1.5
2.0
2.5
3.0
2007
(Pre-DNA)
2010 DNA
Year 1
2011 DNA
Year 2
Millions of Ounces
Metres Drilled
27 years of work 2 years of work
 1986-1987 resources estimates are historic non 43-101
compliant resources
 2003 to 2011 resource estimates are reported 43-101
compliant
1) Images presented for illustrative purposes only
Curraghinalt Resource
RESOURCE AS AT NOV 2011:

8. 8
Vein
2010 M+I
Ounces (1)
2010 Inferred
Ounces (1)
2011
M+I Ounces (2)
2011 Inferred
Ounces (2)
% of Resource
No. 1 102,929 306,135 123,778 596,969 27
106-16 100,202 314,128 162,035 429,048 22
T17 86,245 234,165 56,055 307,339 13
Crow 0 15,580 0 282,568 10
Bend 0 24,379 0 213,344 8
V75 18,982 21,234 32,874 100,937 5
Sheep Dip 3,595 23,808 6,809 69,107 3
Mullan 3,140 42,774 1,797 57,346 2
Road 0 0 4,677 53,002 2
Others 113,351 173,484 82,875 122,803 8
Total Ounces 428,444 1,155,687 470,899 2,232,464
1) 43-101 resource by Micon dated May 10, 2010
2) 43-101 resource by Micon dated Jan 10, 2012, effective date November 30, 2011
62%
43-101 Resource

9. Broad Zones of Higher Grade Within the Resource Recognized
9
LONGITUDINAL SECTION LOOKING NORTH – T17
Approximately 26,000 metres drilled since last resource update

10. No. 1 Vein – Longitudinal Section
10

11. Targeting High Grade Shoots – it’s working
11
Drill Hole From (m) To (m) Vein ID Au g*m
04-CT-13 39.59 43.02 T17 230.76
11-CT-89 30.80 32.65 T17 229.84
04-CT-14 42.94 47.00 T17 172.53
106-50 25.18 26.95 T17 166.38
04-CT-22 30.50 33.32 T17 151.34
12-CT-156 586.7 590.67 T17 150.86
106-8 67.12 69.87 T17 140.06
106-46 24.67 25.67 T17 130.35
106-15 106.93 108.50 106-16 117.38
12-CT-157 359.31 361.65 T17 112.17
106-89 109.80 112.20 106-16 111.28
04-CT-12 20.37 22.29 T17 109.25
106-53 76.95 78.96 No. 1 97.91
04-CT-26 416.41 417.73 No. 1 89.04
11-CT-90 410.44 411.12 Mullan 82.28
106-27 44.64 47.92 T17 82.17
06-CT-29 159.80 161.08 No. 1 82.09
11-CT-78 382.53 382.86 No. 1 81.38
10-CT-73 124.20 126.35 T17 80.43
10-CT-66 26.00 27.00 No. 1 74.74
106-45 45.41 47.09 T17 74.54
07-CT-53 430.07 430.69 No. 1 72.02
106-28 34.38 36.60 T17 69.17
106-24 42.15 47.15 T17 66.98
106-60 65.10 65.90 106-16 66.65
08-CT-55 615.42 621.17 106-16 63.04
SOME OF THE HIGHEST
INTERSECTIONS
IN 2011 RESOURCE
ESTIMATE *
* No top cut applied

12. Vertical Cross Section 12-CT-156 & 12-CT-157
12
CROSS-SECTION A - A’
CROSS-SECTION B - B’

13. Potential to Expand the Resource
 Assembled 80 km of historic core
in a modern facility
 Most was found unsampled
 Identified a mineralized oblique
vein set
13
13
Dalradian Gold Omagh,
Core Facility
600 m hole yielded over 1000 veinlets

14. Potential to Expand the Resource
 Q4 resource update will include:
– 35,000+ metres of new drilling & unsampled historical veins
14
14
‘Resource’ or ‘D’ Vein Newly identified ‘C’ Vein
Plan View Looking North

15. Intercept in hole 11-CT-99 projected up dip to 170m mSL
Not a Trend but a District
15
Curraghinalt Deposit
Resource as at Nov 2011 –
Measured: 0.01 Moz Au
(0.02MT @ 21.51 g/t)
Indicated: 0.46 Moz Au
(1.11MT @ 12.84 g/t)
Inferred: 2.23 Moz Au
(5.45 MT @ 12.74 g/t)
Alwories
1.88 m @ 20.8 g/t Au in
vein in quarry
GLACIATED TERRAIN WITH MINIMAL OUTCROP
Golan Burn
Outcropping veins including
60cm @ 61.43 g/t Au
Alwories Discovery Holes
1.47m @ 23.6 g/t Au
2.22m @ 14.1 g/t Au
4.72m @ 14.82 g/t Au
Curraghinalt
Deposit
Curraghinalt
Trend
400 m Step-out
3.2m @ 5.34 g/t Au
Attagh Burn
2.47m @ 18.99 g/t Au
Scotch Town
Peak of 10.52 g/t Au
In mineralized boulders
“Fallagh” New Au Prospect
30.30 g/t Au,
29.20 g/t Au &
17.25 g/t Au in Float
Curraghinalt Trend
Veins in Current Resource
Interpreted Veins
Historic Findings

16. Exploration
16

17. Surface Exploration Highlights
17
 3457 Samples
50m x 20m grid
 Handheld Auger – superior
to historic DOB techniques
 Simple, cheap, effective
 Directly resulted in Alwories
Discovery

18. Surface Exploration Highlights - Glenmacoffer
18
 Historic float up-to 11.96 g/t Au supported by anomalous DOB geochemistry - currently drill testing
13-GM-01 – 36.8m; qz-carb-py veining
associated with graphite / carbonate / clay
/ sericite alteration & fabric rotation
Sulphide-rich boulder in stream
Airborne EM conductivity image
Interpreted structure –
dextral offset on EM
anomaly
13-GM-01, 02 & 03

19. The last 2 years…
 >4-fold increase in contained ounces
 Built an understanding of our resource and
successfully targeted high grade shoots at depth
 “C” veinlet swarms, a game changer…
– Reduce dilution
– Stand-alone ounces?
– Potential for alternative mining methods
 Proven potential outside along strike
 Developed clear strategy, competent team
& proven exploration toolkit
19

20. Exploration Plan
20
 Step-out drilling to target shallow
ounces along strike
 Target high grade shoots at depth
 Complete re-evaluation of the deposit
– Relog ~ 30 km of core
– New sectional interpretation /
wireframes
 Infill drilling where warranted
 Test existing trend & regional targets
e.g. Fallagh, Alwories
– Prospecting, Soil geochemistry
– Drilling
GROW DISCOVER

21. 21
Housekeeping Continued…
NO Fire Drills today
 ASSEMBLY POINT is in the CAR PARK at the FRONT GATE
 FIRST AIDER - Angela
 Please wear your Hi-Vis vest when outside.
 No smoking indoors