Investor Presentation

1. Q1 2016 HIGHLIGHTS
Friday, April 29, 2016

2. 2
This presentation contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”),
which reflects management’s expectations regarding Teranga Gold Corporation’s (“Teranga” or the “Company”) future growth, results of operations (including, without
limitation, future production and capital expenditures), performance (both operational and financial) and business prospects (including the timing and development of new
deposits and the success of exploration activities) and opportunities. Wherever possible, words such as “plans”, “expects”, “does not expect”, “budget”, “scheduled”,
“estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend”, “ability to” and similar expressions or statements that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved, have been used to identify such forward looking information. Although the forward-looking information
contained in this presentation reflect management’s current beliefs based upon information currently available to management and based upon what management believes to
be reasonable assumptions, Teranga cannot be certain that actual results will be consistent with such forward looking information. Such forward-looking statements are
based upon assumptions, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments that
management believe to be reasonable and relevant. These assumptions include, among other things, the ability to obtain any requisite Senegalese governmental approvals,
the accuracy of mineral reserve and mineral resource estimates, gold price, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of
free cash flow, and courses of action. Teranga cautions you not to place undue reliance upon any such forward-looking statements
The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral
properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of gold and other key inputs, changes in mine
plans and other factors, such as project execution delays, many of which are beyond the control of Teranga, as well as other risks and uncertainties which are more fully
described in the Company’s Annual Information Form dated March 30, 2016 and in other company filings with securities and regulatory authorities which are available at
www.sedar.com. Teranga does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs
and opinions change. Nothing in this report should be construed as either an offer to sell or a solicitation to buy or sell Teranga securities.
This presentation is dated as of the date on the front cover. All references to the Company include its subsidiaries unless the context requires otherwise.
This presentation contains references to Teranga using the words “we”, “us”, “our” and similar words and the reader is referred to using the words “you”, “your” and similar
words.
All dollar amounts stated are denominated in U.S. dollars unless specified otherwise.
FORWARD-LOOKING STATEMENTS

3. RICHARD YOUNG
PRESIDENT & CEO

4. 4
OFF TO A STRONG START IN 2016
Record Q1 production
Record high mill throughput
Lower unit costs in most categories
Reduced corporate overhead by ~$1 million
Free Cash Flow per Ounce
of Gold Sold(1)
($/oz)
Q1 2015 Q1 2016
$131
$144
10%
Refer to Endnote (1) on slide 30

5. NAVIN DYAL
CFO

6. 6
GORA HIGH-GRADE MATERIAL DEFERRED FROM 2015 DRIVES RECORD Q1 PRODUCTION
Q1 2015 Q1 2016
48,643
70,727
Gold Production
(oz)
45%
Q1 2015 Q1 2016
1.90
2.23
Average Processed Grade
(grams per tonne)
17%
Average processed grade for 2016 estimated to be in the range of 1.8 to 2.0 grams per tonne

7. 7
REVENUE REFLECTS HIGHER VOLUME OFFSET BY LOWER AVERAGE PRICE
Total Revenue
($M)
20% increase in gold sold
4% decrease in average realized gold price
Hedged 28,000 ounces of 2016 production (including
3,000 in Q1) at an average price of $1,201
Q1 2015 Q1 2016
$68.5
$79.2
16%
Three months ended March 31
2016 2015 % Change
Average realized gold price $1,169 $1,217 (4%)
Average spot gold price $1,182 $1,218 (3%)
Low $1,060 $1,147 (8%)
High $1,271 $1,293 (2%)
Per Ounce

8. 8
Q1 2015 Q1 2016
$2.06
$2.15
Mining Costs
($/t mined)
Milling Costs
($/t milled)
Total Cash Costs Including Royalties(4)
($/oz)
Refer to Endnote (4) on slide 30
CONTINUING TO IMPROVE LONG-TERM COST STRUCTURE
4%
Q1 2015 Q1 2016
$609 $567
Q1 2015 Q1 2016
$14.64
$10.77
26%
7%
Improving productivity and reducing costs remains a key priority

9. 9
Q1 2015 Q1 2016
$609 $567
$223
$127
$9
$130
LOWER CASH COSTS DRIVE IMPROVEMENT IN ALL-IN SUSTAINING COSTS
Refer to Endnote (4) on slide 30
All-in Sustaining Costs(4)
(per ounce sold)
2%
Administration expenses, regional admin costs,
capitalized deferred stripping, capitalized
reserve development, and sustaining capital
Development capex Total cash costs(4)
$841
7% improvement in cash costs
Significantly higher growth capex due
to mill optimization
$824

10. 10
Corporate Social
Responsibility
$3 - $3.5M
Corporate G&A Regional G&A CSR
Regional
Admin
Original 2016 G&A Outlook
$15 - $16 Million
A LEANER AND MORE COMPARABLE GENERAL & ADMINISTRATIVE COST BASE
10
Corporate G&A Separated into Three Separate
Components in Revised 2016 Outlook(2)
Corporate
CSR
Corporate
Administration
$8 - $9M
Regional Admin
Expenses
~$2M
At an estimated range of $8 to $9 million, Teranga’s 2016 G&A is below the peer group average
Refer to Endnote (2) on slide 30

11. 11
Q1 2015 Q1 2016
$32.8 $29.0
EBITDA(3)
($M)
12%
$2.8 Million Net FX Swing
Primarily due to realized and unrealized foreign
exchange losses recorded as the Euro appreciated
relative to the US dollar
$2.7 Million Swing in Hedging
Recognized gain of $1.8 million in Q1 2015
compared $0.9 million unrealized losses
in Q1 2016
End of Tax Holiday
Profit attributable to Teranga shareholders
impacted by end of tax holiday
EBITDA & NET PROFIT IMPACTED BY VARIANCES IN FX AND HEDGING
Q1 2015 Q1 2016
$13.0
$7.8
40%
Profit Attributable to
Shareholders of Teranga
($M)
Refer to Endnote (3) on slide 30

12. 12Refer to Endnote (1) on slide 30
Cash Flow From Operations
($M)
SIGNIFICANT IMPROVEMENT IN CASH FLOWS
Free Cash Flow(1)
($M)
Free Cash Flow per Ounce
of Gold Sold(1)
($/oz)
Q1 2015 Q1 2016
$16.6
$24.1
Q1 2015 Q1 2016
$7.3
$9.8
Q1 2015 Q1 2016
$131
$144
45%
33%
10%
Focused on maximizing sustainable free cash flow

13. 13
Received 6-Year VAT Exemption
In February 2016 exemption from paying and collecting
refundable VAT until 2022
Pro Forma March 31, 2016 Cash Balance: $70M
Includes VAT certificates received to date and VAT
recoverable from Senegalese government
$30M Revolving Credit Facility
Secured a $30 million revolving credit facility in 2015
-- $15 million remains undrawn
Pro Forma Cash Balance
($M)
STRONG BALANCE SHEET PROVIDES LIQUIDITY AND FLEXIBILITY
VAT exemption eliminates long-term drag on working capital
Pro forma
December 31, 2015
Pro forma
March 31, 2016
$44.4
$53.5
$13.2
VAT
$16.5 VAT &
Certificates
$57.6
$70.0

14. 14
CSR
Adding a separate line item for CSR with guidance
range of $3 to $3.5 million
Regional Administration
Adding a separate line item for regional admin with
guidance of ~$2.0 million
Corporate G&A
Lowering guidance to range of $8 to $9 million
to reflect (i) a reduction of ~$1 million compared to
budget and (ii) the reclassification of CSR
and regional admin out of G&A
Exploration
Increasing exploration budget from $8 million
to $12 million
UPDATED 2016 OUTLOOK
With a strong first quarter, on track for 2016 production between 200,000 and 215,000 ounces
Revisions to Original Outlook(2)
New Line Items on Outlook(2)

15. RICHARD YOUNG
PRESIDENT & CEO

16. Lowering costs

Increasing mill throughput

Increasing long-term sustainable free cash flow(1)

UPDATED LIFE OF MINE: HIGHLIGHTS
Refer to endnote (1) on slide 30

17. 17
SOLID BASE CASE PRODUCTION PROFILE(5)
000’sozAu
Opportunity to grow production by
increasing material movement
Opportunity to increase production through
resource conversion and new discoveries(6)
+200Koz average annual production from 2012- 2024(5)
Significant potential upside to life of mine base case production profile(6)
Refer to endnotes (5) and (6) on slide 30
2016 Outlook
200K - 215Koz

18. 18
DECLINING COSTS & ATTRACTIVE CASH FLOW PROFILE
Life of Mine
Cash Flow(7)
$240/oz
23% decrease in mining costs since 2014
40% decrease in milling costs since 2014
Benefitting from lower fuel prices, favourable FX rates
and mill optimization
40%-50% of costs are Euro-denominated
Cost saving initiatives are ongoing
LOM 2016 - 2020
Gold Price $ 1,200 $ 1,200
All-in Sustaining Cost(4) $ 887 $ 914
$ 313 $ 286
Franco-Nevada Stream* $ 73 $ 92
Cash flow/oz(7) $ 240 $ 194
*Fixed portion of Franco-Nevada gold stream ends in 2019 and will be
replaced by variable stream, estimated to be $58/oz life of mine
Refer to endnotes (4) and (7) on slide 30

19. 19
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
SIGNIFICANT CUMULATIVE CASH FLOW BUILD
One year of negative cash flow due to
large capex associated with
underground mine development
Low Annual Sustaining Capex
Less than $10M sustaining capital required on an annual
basis
Generating Ample Cash Flow to Fund Growth
Cash flow expected to total $549 million(7) over life of mine
based on current reserves as per
NI 43-101 Technical Report – March 2016
High quality infrastructure requires moderate capex, allowing Teranga to build cash flow over LOM
Refer to endnote (7) on slide 30
Cumulative Cash Flow(7)

20. 20
ORGANIC GROWTH: SIGNIFICANT INCREASE IN THROUGHPUT DUE TO MILL OPTIMIZATION
Project Milestones - Crusher
Leveraging existing mill and related infrastructure to increase organic growth
Up to 15% increase in throughput*

5% reduction in costs

+50% IRR
Milestone Planned Date Status
Engineering Complete Nov 2015 Completed on Schedule
Commence Civil Works Nov 2015 Completed on Schedule
Charter Vessel Arrives in Dakar Dec 2015 Completed on Schedule
Complete Screen Civils Dec 2015 Completed (Delayed 4 Weeks)
Commence SMP Works Jan 2016 Completed on Schedule
Complete Screening CSMP Apr 2016 Completed on Schedule
Complete Conveyors CSMP Jun 2016 On Schedule
Complete Crusher CSMP Aug 2016 On Schedule
Complete E, I and C Sep 2016 On Schedule
Complete C2 Commissioning Oct 2016 On Schedule
*15% increase in throughput compared to throughput levels prior to launch of mill optimization in mid 2015

21. 21
FUTURE ORGANIC GROWTH: HEAP LEACHING
Heap Leach Flow SheetTechnically Viable For Processing Low-grade Ore
Confirmed by pre-feasibility study,
which was completed in Q4 2015
High Ore Recovery Range
Oxide 78% - 83%
Transition 61% - 66%
Current Economic Estimates
Capital cost: $40M + $10M contingency
Processing costs: $7 - $8 per tonne
Valuable Stockpile
~150,000 ounces of low-grade inventory
available for heap leaching
Heap leaching has potential to increase Teranga’s annual production by 10% - 20%

22. 22
Strengthening Exploration Team
As the former head of exploration for Oromin,
new VP Exploration, David Mallo is very familiar
with Teranga’s land package
Channeling More Resources to Exploration
Increasing 2016 exploration budget
to $12 million
2010 IPO Exploration &
Evaluation
Acquisition Production 2015
2.6
1.1
0.9
1.3
1.5
2.6M Proven & Probable Reserves(8) at $1,100 gold.
Average mined grade of 1.59 grams per tonne*
(As at December 31, 2015)
Refer to endnote (8) on slide 30
EXPLORATION SUCCESS TO DATE
Increased reserve base by 80%, net of 5-years’ production, through acquisition and exploration
80% increase in reserves since IPO
*Not including stockpile of 0.39Moz

23. 23
FOCUSED ON EXPLORATION
Masato
Au 730 (Koz)
Niakafiri Main
Au 260 (Koz)
Niakafiri SW
Au 10 (Koz)
Maki Medina
Au 30 (Koz)
Niakafiri SE
Au 40 (Koz)
Kerekounda
Au 90 (Koz)
Golouma West
Au 200 (Koz)
Golouma South
Au 130 (Koz)
Golouma South
Au 60 (Koz)
Golouma West
1 - Au 120 (Koz)
2- Au 60 (Koz)
Sabodala
Au 180 (Koz)
Kerekounda
Au 100 (Koz)
Reserves – Open Pit
Reserves – U/G
Mine License Highlights
Two exploration prospects have yielded encouraging
results during the ongoing 2016 trenching and diamond
drilling program: (i) Golouma North and
(ii) Goumbati West
Regional Land Package
Increased focus in the last six months has advanced a
number of prospects that are currently in drilling phase

24. 24
Teranga Gold (TSX:TGZ): +90% Market Vectors Global Junior Gold Miners Index (MVGDXJ): +88%
February 25:
 Released full Life of Mine
opex and capex detail
 Hosted analyst workshop
March 23:
 Filed 43-101 Technical Report
January 28:
 Released Life of Mine
production schedule
YTD TGZ Share Price Performance vs. Indices
(as at April 28, 2016)
TGZ SHARE PRICE STRENGTHENS ON UPDATED DETAILS OF LIFE OF MINE
Data Source: Thomson Reuters

25. 25
Teranga Endeavour Primero Acacia Semafo Golden
Star
Alacer B2Gold Roxgold Asanko
1.9x
3.5x 3.6x
5.7x 6.1x
7.9x
9.3x
10.4x
11.2x
13.7x
Asanko* Roxgold* Primero Golden Star Teranga Endeavour Alacer Acacia Semafo B2Gold
- -
$1,213 $1,242 $1,317
$1,507 $1,576
$2,327
$3,777
$4,571
Data Source: BMO GoldPages published April 25, 2016
RELATIVE UNDERVALUATION PROVIDES ATTRACTIVE INVESTMENT OPPORTUNITY
Enterprise Value
($M)
EV/Production (BMO bases on gold sold)
($/oz)
EV/2P Reserves
($/oz)
EV/2016E EBITDA
*Project Developers

26. $0.88 $0.88 $0.88 $0.88
$1.30
$1.17
$1.43
$1.82
SIGNIFICANT POTENTIAL UPSIDE FROM NPV MULTIPLE EXPANSION
Based on Teranga’s updated NI 43-101 and the 1.4x average NPV multiple for its peer group, Teranga’s share price should be C$1.82(9)
33%
63%
Revalued
Share Price
NPV Multiple 0.7x 0.9x 1.1x 1.4x
Teranga’s Share Price vs. Teranga Net Present Value (NPV)(9) per Share
(C$)
Share
Price
107%
Revalued
Share Price
Share
Price
NPV per
Share
Share
Price
Refer to endnote (9) on slide 30
Average NPV
Multiple(9) for
Medium
Producers*
Revalued
Share Price
Share
Price
Source:
BMO GoldPages
published April 25, 2016
TGZ
Trading at
0.7x NPV*(9)

27. 27
EMERGING
World-Class Gold Belt
in a Safe & Stable
Jurisdiction
SOLID
Balance Sheet &
Significant Insider
Ownership
LARGE LONG-LIFE
Reserve & Resource
Base(8)
LOW
All-in Sustaining
Costs per Ounce(4)
SIGNIFICANT
Organic Growth
Potential
STRONG
Life of Mine
Cash Flow(7)
Refer to endnotes (4) (7) and (8) on slide 30
STRONG VALUE PROPOSITION
Strong value proposition and undervalued relative to peer group = compelling investment opportunity

28. APPENDICES

29. 29
COMPETENT AND QUALIFIED PERSONS STATEMENT
The technical information contained in this document relating to the open pit mineral reserve estimates is based on, and fairly represents, information compiled by Mr. William Paul Chawrun, P. Eng who is
a member of the Professional Engineers Ontario, which is currently included as a "Recognized Overseas Professional Organization" in a list promulgated by the ASX from time to time. Mr. Chawrun is a
full time employee of Teranga and is not "independent" within the meaning of National Instrument 43-101. However, he is a "Qualified Person" as defined in NI 43-101. Mr. Chawrun has sufficient
experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012
Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Chawrun is a "Qualified Person" under National Instrument 43-101 Standards of
Disclosure for Mineral Projects. Mr. Chawrun has consented to the inclusion in this Report of the matters based on his compiled information in the form and context in which it appears in this Report.
The technical information contained in this document relating to mineral resource estimates is based on, and fairly represents, information compiled by Ms. Patti Nakai-Lajoie. Ms. Nakai-Lajoie, P. Geo.,
is a Member of the Association of Professional Geoscientists of Ontario, which is currently included as a "Recognized Overseas Professional Organization" in a list promulgated by the ASX from time to
time. Ms. Nakai-Lajoie is a full time employee of Teranga and is not "independent" within the meaning of National Instrument 43-101. Ms. Nakai-Lajoie has sufficient experience which is relevant to the
style of mineralization and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves". Ms. Nakai-Lajoie is a "Qualified Person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Ms.
Nakai-Lajoie has consented to the inclusion in this Report of the matters based on her compiled information in the form and context in which it appears in this Report.
Teranga's exploration programs are being managed by Peter Mann, FAusIMM. Mr. Mann is a full time employee of Teranga and is not "independent" within the meaning of National Instrument 43-101. Mr.
Mann has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Mann is a "Qualified Person" under National Instrument 43-101
Standards of Disclosure for Mineral Projects. The technical information contained in this document relating exploration results are based on, and fairly represents, information compiled by Mr. Mann. Mr.
Mann has verified and approved the data disclosed in this document, including the sampling, analytical and test data underlying the information. The RC and initial diamond drill samples are prepared at
site and assayed in the SGS laboratory located at the site. Analysis for elevated gold assays in the diamond drilling samples are sent for confirmatory fire assay analysis at ALS Johannesburg, South
Africa. Mr. Mann has consented to the inclusion in this document of the matters based on his compiled information in the form and context in which it appears herein.
The technical information contained in this document relating to the underground ore reserves estimates is based on, and fairly represents, information compiled by Jeff Sepp, P. Eng who is a member of
the Professional Engineers Ontario, which is currently included as a "Recognized Overseas Professional Organization" in a list promulgated by the ASX from time to time. Mr. Sepp is independent of
Teranga and is a "Qualified Person" as defined in NI 43-101 and a "competent person" as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves". Mr. Sepp has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person
as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Sepp has consented to the inclusion in this Report of the matters
based on his compiled information in the form and context in which it appears in this Report.
Teranga's disclosure of mineral reserve and mineral resource information is governed by NI 43-101 under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM")
Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time by the CIM ("CIM Standards"). CIM definitions of the terms "mineral reserve",
"proven mineral reserve", "probable mineral reserve", "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource", are substantially similar to the 2012
JORC Code corresponding definitions of the terms "ore reserve", "proved ore reserve", "probable ore reserve", "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred
mineral resource", respectively. Estimates of mineral resources and mineral reserves prepared in accordance with the 2012 JORC Code would not be materially different if prepared in accordance with
the CIM definitions applicable under NI 43-101. There can be no assurance that those portions of mineral resources that are not mineral reserves will ultimately be converted into mineral reserves.

30. 30
ENDNOTES
1) Free cash flow and free cash flow per ounce are defined as operating cash flow less capital expenditures.
2) To better align costs with industry peers, during the first quarter 2016 the Company began to present CSR Expense and Regional Administration Costs separately from
Corporate Administration Expense. The Company's 2016 guidance has been updated to reflect this change in accounting presentation.
3) Earnings before interest, taxes, depreciation and amortization ("EBITDA") is a Non-IFRS performance measure. Please refer to Non-IFRS Performance Measures in the
Company’s Management’s Discussion and Analysis for the three months ended March 31, 2016 accessible on the Company’s website at www.terangagold.com.
4) Total cash costs per ounce and all-in sustaining costs per ounce are non-IFRS financial measures and do not have standard meanings under IFRS. All-in sustaining costs per
ounce sold include total cash costs per ounce, administration expenses (excluding Corporate depreciation expense), Regional Administration Costs, capitalized deferred
stripping, capitalized reserve development and mine site & development capital expenditures as defined by the World Gold Council. For more information regarding these
measures, please refer to Non-IFRS Performance Measures in the Company’s Management’s Discussion and Analysis for the three months ended March 31, 2016 accessible
on the Company’s website at www.terangagold.com.
5) This production profile is based on existing proven and probable reserves only from the Sabodala mining license as disclosed in Teranga Gold’s December Quarter and Year-
end 2015 Report accessible on the Company's website at www.terangagold.com.
6) Over the past several years more than twelve million ounces of measured and indicated resources have been identified within the south eastern Senegal region, including the
Massawa, Golouma, Makabingui and Mako projects, along with the Company’s own Sabodala gold mine. With exploration work completed to date and the prior exploration
success seen in the area Management believes there is a reasonable basis to anticipate future resource to reserve conversion.
7) Cash flow is the Life of Mine net cash flow based on the Company’s most recent NI 43-101 Technical Report (“43-101 plan”) filed in March 2016, before income taxes, interest,
debt repayments, closure costs, dividends and working capital.
8) Mineral Reserves and Mineral Resources estimates as at December 31, 2015 as per Company disclosure. For more information regarding Teranga Gold’s Mineral Reserves
and Resources, please refer to Teranga Gold’s December Quarter and Year-end 2015 Report accessible on the Company's website at www.terangagold.com.
9) Net Present Value (“NPV”) per share is a Non-IFRS financial measure. NPV per share, average NPV multiple of medium producers, and Teranga’s share price is as per BMO
GoldPages published April 25, 2016. According to BMO GoldPages, NPV per share is calculated using the net present value of the life of mine cash flows based on the NI 43-
101 plan, less cash flow of corporate costs, less net debt per share, using the model at SPOT commodity prices and exchange rates. The “Revalued Share Price” is calculated
using the NPV per share at SPOT times the NPV multiples as listed. The NPV calculation assumes a US$1,229 SPOT gold price per ounce, 5% discount, 0.79 USD/CAD
exchange rate. For more information regarding Non-IFRS financial measures, please refer to Non-IFRS Performance Measures in the Company’s Management’s Discussion
and Analysis for the three months ended March 31, 2016 accessible on the Company’s website at www.terangagold.com.

31. Q&A

32. Trish Moran, Head of Investor Relations
Telephone: +1.416.607.4507
Email: investor@terangagold.com
TSX:TGZ / ASX:TGZ
121 King Street West, Suite 2600
Toronto, ON M5H 3T9
www.terangagold.com