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TSX-V: AIA
April 2014
Maverick Gold Project
Advancing toward Gold Production in 2013
Near Term Gold Production
In Manitoba Canada
AIA:TSXV
Forward-Looking Statements
2
Some statements contained in this presentation are forward-looking and, therefore,
involve uncertainties or risks that could cause actual results to differ materially. Such
forward-looking statements include comments regarding mining and milling operations,
mineral resource and reserve statements and exploration program performance. Factors
that could cause actual results to differ materially include metal price volatility, economic
and political events affecting metal supply and demand, fluctuations in mineralization
grade, geological, technical, mining or processing problems, exploration programs and
future results of exploration programs, future profitability and production.
Historical resources in this presentation are historical estimates that predate NI 43-101
and are not compliant with current definitions, and have not been verified by the
company; consequently, they should not be relied on by investors.
www.aurigagold.ca
AIA:TSXV
Auriga Gold Management and Directors
Finance, Development and Operational Expertise
3www.aurigagold.ca
Gorden Glenn, Chairman, President & CEO
Over 25 years experience in the financial industry as Investment Banker
(TD Securities and Desjardins) and Research Analyst as well as various
roles in mining companies evaluating economic and technical validity of
mostly Canadian projects.
James D.A. White, Director
Mr. White is the Managing Partner of Baynes & White, a Toronto-based
pension and benefits actuarial consulting firm.
Brian Robertson, P.Eng., Director
Over 30 years experience in corporate management, exploration
programs, project management, mine permitting, construction,
development and operation as well as the evaluations or corporate
acquisitions.
Chris Irwin, LL.M., Interim CFO, Director
Mr. Irwin is President of Irwin Professional Corporation, a corporation
providing legal services mainly to the natural resource sector.
TBD, New Director
Operations and development experience
TBD, New Director
Operations and development experience
Board of Directors
Consultants and Advisors
Notice of Alteration for Open Pit Development (NOA) – April 2014
Water Permit Application – April 2014
Nokomis Initial NI 43-101 Compliant Resource – April 2014
New PEA– June 2014
PEA to incorporate updated Resources (PL and Nokomis), new open pit mine plan
and Minrail SAMSTM technology in new u/g mine plan
PL Deposit Resource Update – April 2014
New Underground Mine Plan – April/May 2014
To be incorporated in Updated PEA – June 2014
Test Mining – Fall 2014
A Century of Exploration, Development, Operations and Finance Experience
AIA:TSXV
Near Term Gold Production Opportunity
www.aurigagold.ca 4
Strategic Advantage = Superior Gold Investment Opportunity
• Favourable mining jurisdiction in Manitoba with significant infrastructure in place
• Low $18 million capital requirement to re-start gold production at +40,000 oz per year
• Existing mining lease with associated operating permits in place
• Lower risk open pit mine start-up scenario developed
• Underexplored regional gold bearing geological environment
High Leverage to Gold Price
• Low Shares Outstanding
• Attractive valuation Enterprise Value/ounce and Au oz/share vs peer group companies
• Management experienced at discovery, resource expansion, development and
operations
Near-term Objectives
 Updated NI 43-101 complaint Resources – M&I Rsc 327,900 oz and Inf Rsc 438,600 oz
• Targeted drilling to convert Inferred resources to Measured+Indicated
• Update PEA to include new resources and new underground mine plan using Minrail’s
SAMSTM technology
• Underground test mining program fall 2014
Success of 2014 Work Program will Support Re-Start of Gold Production in 2015
AIA:TSXV
Maverick Gold Project Location
Flin Flon Gold and VMS Base Metal District
5
A Proven Gold Mining Camp with Excellent Infrastructure
MAVERICK GOLD PROJECT
FLIN FLON
SNOW LAKE
SHERRIDON
CRANBERRY LAKE
AIA:TSXV
Auriga’s Path To Production
www.aurigagold.ca 6
July 2012 to December 2013
Corporate Restructuring
Re-focus on MGP
Reduce Burn rate
H1/2014
 Initial Nokomis NI43-101 Resource
 Updated PL Deposit Resource
Update mine plan/detailed engineering
Updated PEA/PFS
Re-Start Efforts Delayed by Weak Equity Capital Markets
November
2010
Initial PL
Deposit NI43-
101 Resource
PEA
January
2012
Property
Acquisition
$3.5 mln
August
2011
January
2012
AIA.V vs HUI
AIA:TSXV
Maverick Gold Project, Then and Now
Re-start of Mining Operations Targeted for Late 2015
7
Historic Mine Development/Operations
 Operated from Jan -88 to Apr-89 by Pioneer Metals
 Produced 29k oz from 1988-1989 from 370,000 tonnes
 1987 Kilborn feasibility recommended 500 tpd mill:
 Capex: ~32 mln in 1987/88
 Pioneer actually built mill with capacity of 1,000 tpd
 Mill still in excellent condition today
 6.9 km u/g drifting to a vertical depth of 130 m
 1993 Kilborn feasibility Rsc and Rsv:
 Resource: 524,376 oz @ ~7.6 g/t Au
 Reserve: 184,200 oz @ 6.7 g/t Au
Auriga Gold Development Work at Maverick
 Updated PL and New Nokomis Resource Estimates
– Total Measured and Indicated mineral resources
increased by 88% to 327,900 ounces gold
– Total Inferred mineral resources 438,600 ounces
– In Pit Measured and Indicated resources
increased by 279% to 121,100 ounces Au
grading 4.01 g/t Au
 Positive PEA on open pit and U/G mining re-start
 Low capital cost - $18.1 million
 Production - 40,000 oz per yer
 NPV (pretax 5%): $95.4 Million
(pretax 8%): $79.6 Million
 IRR (pretax) 84%
 Exploration and re-start upside
 PL Deposit still open at depth and along strike
 Numerous geophysical targets identified
 M Zone on West Limb of Puffy Fold
 New PEA for 2014 to include:
 New Nokomis in pit resource
 New open pit and underground mine plan
 Minrail SAMSTM test stope planed fall 2014
www.aurigagold.ca
Tonnage(tpd)
Grade(g/t)
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
0
200
400
600
800
1000
1200
Jan-88
Feb-88
Mar-88
Apr-88
May-88
Jun-88
Jul-88
Aug-88
Sep-88
Oct-88
Nov-88
Dec-88
Jan-89
Feb-89
Mar-89
Apr-89
Tonnage Grade
2014 Program Focused De-Risking and Resource Optimization
AIA:TSXV
Auriga Gold Corp. Capital Structure
8
Auriga Gold Corp. (AIA: TSX-V)
Share data and cash position as of March 24, 20141
Shares Outstanding 15,336,251
Warrants and Options O/S 1,299,794
Fully Diluted 16,636,045
Market Capitalization ~$4.5 million
Cash Position (March/14) $0.5 million
Debt ~$1.3 million
Options and Warrants
Warrants /
Options
Avg.
Exercise
Price
Options 782,500 $0.90
Common share warrants 2 517,294 $4.67
2) Expiring between April 2014 – February 2017
Significant Holders Ownership
Management and Directors ~9.0%
Pioneer Metals (Barrick Gold) ~4.1%
AIA: TSX-V Share Price
Source: tmx.com and Auriga Gold
www.aurigagold.ca
1) Shareholders approved a 10 old for 1 new consolidation Jan. 2, 2014
Low Shares Outstanding = High Leverage to Gold Price and Production
AIA:TSXV
Maverick Gold Project
Existing Infrastructure – Permits - Resource Expansion Potential
9
Historic Au Production
• Produced 28,000 oz from 1988-1989
• Existing 1,000 tpd mill
• 7,000 m underground mine workings
• Limited exploration on property
Resource Expansion Potential > 1 M oz Gold
• NI-43-101, M+I Rsc 327,900 oz Au and Inf Rsc of
438,600 ounces
• Expand and upgrade gold resources at PL and
Nokomis deposits by step out and infill drilling
• Bonanza grades at Nokomis - 7.63 m with
125.08 g/t Au at Nokomis
• Numerous drilling targets outlined from VTEM
survey along 20 km gold bearing horizon
• M Zone target – 1.5 km anomaly
• Drill hole A3-48 in 2011 intersected
0.50m @ 23.68 g/t Au at depth of
~250m vertical
• Follow-up ddh planned for 2014
Existing Infrastructure and Permits = Strategic Advantage
AIA:TSXV
10
Maverick Gold Project
PL Deposit – Geology Surface Plan and Section
OPEN
PL Deposit
 Updated NI 43-101 Resource April 14 2014
 In Pit M&I Rsc increased by 151% to 80,400 oz Au @4.40g/t
 Underground M&I Rsc increased by 46% to 206,800 oz Au
@5.93g/t
www.aurigagold.ca
A3-85 – 2.3 m @
12.6 g/t Au and 0.5
m @ 24.3 g/t Au
A3-83 – 2.0 m
@ 12.0 g/t Au
A3-84 – 6.2 m
@ 7.6 g/t Au
A3-81 – 1.7 m
@ 47.2 g/t Au,
incl. 0.5 m @
145.5 g/tAU
Resource Still Open Down Dip to North East
AIA:TSXV
11
Community and Social Responsibility
Sherridon – Cold Lake, Manitoba
www.aurigagold.ca
Strong Local Community Support
• May 7, 2014 Community Update meeting - President and CEO Gorden Glenn and Director Brian
Robertson provide MGP update and respond to questions and concerns of the local community
• Sherridon - Cold Lake, Manitoba is located approximately 13 km north of the MGP
• The MGP and the local community share regional infrastructure including an all weather road, the
Keewatin Railway Company (KRC) and access to low cost, clean hydro power
• We also share the same vision of re-starting sustainable, mining operations with minimal impact
to the environment
• The community of Sherridon - Cold Lake, Manitoba expressed their strong support of the MGP
AIA:TSXV
Maverick Gold Project - PEA
From Jan. 2012 - based on Aug. 2011 NI 43-101 Resource Estimate
12
• Open pit cost anticipated at $650/oz
excluding sustaining capital
• 20.3% of gold production from initial
low-risk open pit production
• $949/oz average LOM operating cash
cost including $77/oz sustaining capital
• $18.1 million Capex to
production
• $130.5 million cumulative cash
flow at $1400/oz
• Payback in 20 months
www.aurigagold.ca
$50,000,000
$25,000,000
$0
$25,000,000
$50,000,000
$75,000,000
$100,000,000
$125,000,000
$150,000,000
$175,000,000
$200,000,000
oz
10000 oz
20000 oz
30000 oz
40000 oz
50000 oz
60000 oz
Ounces
Recovered
Cumulative
Cash Flow at
$1400 /oz Au
Cumulative
Cash Flow at
$1600/oz Au
-1 1 2 3 4 5 6 7 8 -1 1 2 3 4 5 6 7 8
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
oz
10000 oz
20000 oz
30000 oz
40000 oz
50000 oz
60000 oz
U/G
Open Pit
Operating
Cost/oz
Total
Op+Sust
Cost/oz
Short Payback, Attractive Sub-$1000/oz AISC
AIA:TSXV
Maverick Gold Project – Positive PEA
From Jan. 2012 - based on Aug. 2011 NI 43-101 Resource Estimate
www.aurigagold.ca 13
Average Annual Production: 45,000 oz/annum Au
Recoverable Gold1: 348,000 recovered oz Au @ avg. of 5.8 g/t Au diluted
20.3% from open pits; 79.7% from u/g
Milling Rate: 750 tpd 1
Mill Recovery: 90%
Life of Mine: 7.5 years
Total CAPEX: $18.1 M
(incl. $3.02 m contingency)
Average LOM C2 cash cost: CAD$949/oz
Undiscounted Cash Flow (pretax) :$130 M
Payback : 20th month
of processing ore
NPV (pretax, 5%) 2: $95.4 M
IRR (pretax): 84%
1. Initial Mine Plan in February 2012 PEA 2. Based on gold at USD$1400/oz
Gold price, operating cost and
capital cost sensitivity analysis @ 5% NPV
Updated PEA Planned for Q2 2014
AIA:TSXV
Maverick Gold Project – PL Deposit
Longitudinal Section Facing West
14
Longitudinal section looking west showing existing underground workings, proposed open pits,
and proposed stopes from all zones. January 2012 PEA and August 2011, NI43-101 Resource Estimate
Pit 1
Recovered Ounces
Open Pits:
Pit 1: 20,760 oz
Pit 2: 4,950 oz
Pit 3: 6,060 oz
Pit 4/5: 37,740 oz
Total Pits: 69,510 oz
Underground Mining
Areas:
Area 1: 49,000 oz
Area 2: 124,000 oz
Area 3: 108,000 oz
Area 4: 23,000 oz
Total Undergound:
304,000 oz
Pit 4/5
Pit 1 Pit 2 Pit 3
www.aurigagold.ca
AREA 1
AREA 3
AREA 2
AREA
4
Updated PEA to Include Optimized Open Pit and Underground Mine Plans
AIA:TSXV
15
Maverick Gold Project
Key Operating Permits and Infrastructure (1000 tpd Mill) In Place
AIA:TSXV
New Underground Mine Plan – SAMSTM
Specialized Shallow Angle Mining System
16
• Innovative modular concept and
design
• Very high proportion of the mining
tasks are mechanized
• Eliminate the use of manual drills for
drift development
• Jackleg vs Long Tom and Jumbo
• Introduction of long hole productivity
techniques
• Hydraulic vs pneumatic
• Enhanced work conditions and
modular design result in higher
productivity
• www.minrail.ca
www.aurigagold.ca
Auriga is De-Risking MGP with New Underground Mine Plan and Innovative SAMSTM
SAMSTM developed by Minrail Inc., of Val-d'Or Quebec
Minrail has developed a unique and innovative mining system for shallow-angle mining operations
(S.A.M.S.™) that promises to revolutionize mining operations as we know them today.
AIA:TSXV
Old Underground Mine Plan – Conventional
17www.aurigagold.ca
Accepted Narrow Vein Mining Methods are Manually Intensive and Less Productive
AIA:TSXV
New Underground Mine Plan – SAMSTM
Specialized Shallow Angle Mining System
18www.aurigagold.ca
Innovative Mechanized Rail-Based System is Safer with Higher Productivity
AIA:TSXV
Maverick Gold Project – Exploration Upside
19
Targeting in excess of 1,000,000 ounces gold
 Well-defined major regional gold
mineralized structure at the northern
border of Flin Flon greenstone belt
 Drill program planned to expand resources
 Maverick Property covers over 20km
of strike length
 Target has well-defined geophysics trend
with several showings found along strike
 Updated MGP NI 43-101
 In Pit M+I Rsc 121,100 oz @ 4.01 g/t
Au
 Underground M+I Rsc increased by
46% to 206,800 ounces Au
 Total M+I Rsc 327,900 @ 5.93g/t Au
 Total Inf Rsc 438,600 ounces Au
M Zone
Drill hole A3-48
0.50m @ 23.68 g/t Au
PL Deposit
and Onsite Mill
Nokomis Deposit
Ind Rsc 40,700 oz Au
Inf Rsc 19,100 oz Au
www.aurigagold.ca
Property Unexplored away from Known Deposits
AIA:TSXV
Maverick Gold - Nokomis Deposit
Satellite Deposit just 8km Northeast from the Maverick Mill
20
• Potential open pit satellite deposit
• Confirmation drilling program complete
• Indicated mineral resource of 40,700 ounces
• Inferred resource of 19,100 ounces of gold
• Initial high-grade gold intercepts
• 125.08 g/t over 7.6 m (incl. 1,830 g/t over 0.5 m);
• 12.27 g/t over 5.2 m;
• 5.1 g/t over 6.4 m;
• 9.65 g/t over 5.6 m (incl. 62.23 g/t over 0.5 m)
High-grade near-surface
mineralization
www.aurigagold.ca
Incremental Mill Feed from Nokomis Enhances MGP Economics
AIA:TSXV
 VTEM anomaly on western
limb of the Puffy fold has
strike length of over 1.5 km
 Historic drilling only tested
horizon at very shallow depths,
well up dip from the top of the
conductor
 2011 AIA drill hole successfully
tested the down dip projection
of horizon and intersected
significant gold mineralization
 23.7g/t over 0.5 m at 250 m
 Priority target for follow-up
drilling in 2013/14
Maverick Gold Project – M Zone
Significant Exploration Upside
21
High Priority target for Follow-up Drill Program
AIA:TSXV
Maverick Gold Project
Near Term Gold Production with Significant Expansion Potential
22
Area
consolidation
Toll milling
opportunities
Resource
expansion on
major structure
++ Extend
Mine Life
Exploration
success on
Maverick
Gold
M Zone
Exploration
Maverick
Property
covers 20
km of major
regional
mineralized
structure
+ Resource
Expansion
Nokomis
Deposit
In Pit Indicated
Resource
40,700 oz
In Pit Inferred
Resource
26,100 oz
8 km from Mine
and Mill
Contributes to
full mill capacity
at 1000 tpd
>50,000 oz/yr
Combined
U/G and
open pit
PEA Study
750 tpd
7.5 year
mine life
348,000
recovered
gold ounces
45,000 oz/yr
www.aurigagold.ca
Solid Plan for Growth and Value Creation
AIA:TSXV
Auriga Gold Investment Highlights
23
 Near-term gold production, with excellent exploration upside
 Past producing property, with significant onsite infrastructure
 1,000 tpd mill, ancillary facilities, ramp and underground workings
 Road access to property, access to grid power and railway
 Permitted for quick re-start
 April 2014 NI 43-101 Resource Estimate:
 Total M+I Rsc 327,900 @ 5.93g/t Au
 Total Inf Rsc of 438,600 ounces Au
 Open pit and shallow underground
 Positive 2012 PEA on U/G and open pit test mining on near surface resources
 Annual production of 45,000 ounces at C2 cash cost of $949/oz
 CAPEX: $18.1 Million;
 un-discounted cash flow: $130 Million
 Management experienced at discovery, resource expansion, development and
operations
 Resources, PEA and mine plan being updated Q2 2014
www.aurigagold.ca
AIA’s Value Proposition is One of the Best in the Jr Gold Development Sector Today
AIA:TSXV
24
For more information:
Auriga Gold Corp.
AIA:TSXV
+1 416 985 2785
365 Bay Street, Suite 400
Toronto, Ontario
M5H 2V1
www.aurigagold.ca
AIA_AurigaGold
AIA.AurigaGold
Contact Information

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Auriga Gold Corp. (AIA.V) - Maverick Gold Project Presentation May 2014.

  • 1. TSX-V: AIA April 2014 Maverick Gold Project Advancing toward Gold Production in 2013 Near Term Gold Production In Manitoba Canada
  • 2. AIA:TSXV Forward-Looking Statements 2 Some statements contained in this presentation are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource and reserve statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production. Historical resources in this presentation are historical estimates that predate NI 43-101 and are not compliant with current definitions, and have not been verified by the company; consequently, they should not be relied on by investors. www.aurigagold.ca
  • 3. AIA:TSXV Auriga Gold Management and Directors Finance, Development and Operational Expertise 3www.aurigagold.ca Gorden Glenn, Chairman, President & CEO Over 25 years experience in the financial industry as Investment Banker (TD Securities and Desjardins) and Research Analyst as well as various roles in mining companies evaluating economic and technical validity of mostly Canadian projects. James D.A. White, Director Mr. White is the Managing Partner of Baynes & White, a Toronto-based pension and benefits actuarial consulting firm. Brian Robertson, P.Eng., Director Over 30 years experience in corporate management, exploration programs, project management, mine permitting, construction, development and operation as well as the evaluations or corporate acquisitions. Chris Irwin, LL.M., Interim CFO, Director Mr. Irwin is President of Irwin Professional Corporation, a corporation providing legal services mainly to the natural resource sector. TBD, New Director Operations and development experience TBD, New Director Operations and development experience Board of Directors Consultants and Advisors Notice of Alteration for Open Pit Development (NOA) – April 2014 Water Permit Application – April 2014 Nokomis Initial NI 43-101 Compliant Resource – April 2014 New PEA– June 2014 PEA to incorporate updated Resources (PL and Nokomis), new open pit mine plan and Minrail SAMSTM technology in new u/g mine plan PL Deposit Resource Update – April 2014 New Underground Mine Plan – April/May 2014 To be incorporated in Updated PEA – June 2014 Test Mining – Fall 2014 A Century of Exploration, Development, Operations and Finance Experience
  • 4. AIA:TSXV Near Term Gold Production Opportunity www.aurigagold.ca 4 Strategic Advantage = Superior Gold Investment Opportunity • Favourable mining jurisdiction in Manitoba with significant infrastructure in place • Low $18 million capital requirement to re-start gold production at +40,000 oz per year • Existing mining lease with associated operating permits in place • Lower risk open pit mine start-up scenario developed • Underexplored regional gold bearing geological environment High Leverage to Gold Price • Low Shares Outstanding • Attractive valuation Enterprise Value/ounce and Au oz/share vs peer group companies • Management experienced at discovery, resource expansion, development and operations Near-term Objectives  Updated NI 43-101 complaint Resources – M&I Rsc 327,900 oz and Inf Rsc 438,600 oz • Targeted drilling to convert Inferred resources to Measured+Indicated • Update PEA to include new resources and new underground mine plan using Minrail’s SAMSTM technology • Underground test mining program fall 2014 Success of 2014 Work Program will Support Re-Start of Gold Production in 2015
  • 5. AIA:TSXV Maverick Gold Project Location Flin Flon Gold and VMS Base Metal District 5 A Proven Gold Mining Camp with Excellent Infrastructure MAVERICK GOLD PROJECT FLIN FLON SNOW LAKE SHERRIDON CRANBERRY LAKE
  • 6. AIA:TSXV Auriga’s Path To Production www.aurigagold.ca 6 July 2012 to December 2013 Corporate Restructuring Re-focus on MGP Reduce Burn rate H1/2014  Initial Nokomis NI43-101 Resource  Updated PL Deposit Resource Update mine plan/detailed engineering Updated PEA/PFS Re-Start Efforts Delayed by Weak Equity Capital Markets November 2010 Initial PL Deposit NI43- 101 Resource PEA January 2012 Property Acquisition $3.5 mln August 2011 January 2012 AIA.V vs HUI
  • 7. AIA:TSXV Maverick Gold Project, Then and Now Re-start of Mining Operations Targeted for Late 2015 7 Historic Mine Development/Operations  Operated from Jan -88 to Apr-89 by Pioneer Metals  Produced 29k oz from 1988-1989 from 370,000 tonnes  1987 Kilborn feasibility recommended 500 tpd mill:  Capex: ~32 mln in 1987/88  Pioneer actually built mill with capacity of 1,000 tpd  Mill still in excellent condition today  6.9 km u/g drifting to a vertical depth of 130 m  1993 Kilborn feasibility Rsc and Rsv:  Resource: 524,376 oz @ ~7.6 g/t Au  Reserve: 184,200 oz @ 6.7 g/t Au Auriga Gold Development Work at Maverick  Updated PL and New Nokomis Resource Estimates – Total Measured and Indicated mineral resources increased by 88% to 327,900 ounces gold – Total Inferred mineral resources 438,600 ounces – In Pit Measured and Indicated resources increased by 279% to 121,100 ounces Au grading 4.01 g/t Au  Positive PEA on open pit and U/G mining re-start  Low capital cost - $18.1 million  Production - 40,000 oz per yer  NPV (pretax 5%): $95.4 Million (pretax 8%): $79.6 Million  IRR (pretax) 84%  Exploration and re-start upside  PL Deposit still open at depth and along strike  Numerous geophysical targets identified  M Zone on West Limb of Puffy Fold  New PEA for 2014 to include:  New Nokomis in pit resource  New open pit and underground mine plan  Minrail SAMSTM test stope planed fall 2014 www.aurigagold.ca Tonnage(tpd) Grade(g/t) 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 0 200 400 600 800 1000 1200 Jan-88 Feb-88 Mar-88 Apr-88 May-88 Jun-88 Jul-88 Aug-88 Sep-88 Oct-88 Nov-88 Dec-88 Jan-89 Feb-89 Mar-89 Apr-89 Tonnage Grade 2014 Program Focused De-Risking and Resource Optimization
  • 8. AIA:TSXV Auriga Gold Corp. Capital Structure 8 Auriga Gold Corp. (AIA: TSX-V) Share data and cash position as of March 24, 20141 Shares Outstanding 15,336,251 Warrants and Options O/S 1,299,794 Fully Diluted 16,636,045 Market Capitalization ~$4.5 million Cash Position (March/14) $0.5 million Debt ~$1.3 million Options and Warrants Warrants / Options Avg. Exercise Price Options 782,500 $0.90 Common share warrants 2 517,294 $4.67 2) Expiring between April 2014 – February 2017 Significant Holders Ownership Management and Directors ~9.0% Pioneer Metals (Barrick Gold) ~4.1% AIA: TSX-V Share Price Source: tmx.com and Auriga Gold www.aurigagold.ca 1) Shareholders approved a 10 old for 1 new consolidation Jan. 2, 2014 Low Shares Outstanding = High Leverage to Gold Price and Production
  • 9. AIA:TSXV Maverick Gold Project Existing Infrastructure – Permits - Resource Expansion Potential 9 Historic Au Production • Produced 28,000 oz from 1988-1989 • Existing 1,000 tpd mill • 7,000 m underground mine workings • Limited exploration on property Resource Expansion Potential > 1 M oz Gold • NI-43-101, M+I Rsc 327,900 oz Au and Inf Rsc of 438,600 ounces • Expand and upgrade gold resources at PL and Nokomis deposits by step out and infill drilling • Bonanza grades at Nokomis - 7.63 m with 125.08 g/t Au at Nokomis • Numerous drilling targets outlined from VTEM survey along 20 km gold bearing horizon • M Zone target – 1.5 km anomaly • Drill hole A3-48 in 2011 intersected 0.50m @ 23.68 g/t Au at depth of ~250m vertical • Follow-up ddh planned for 2014 Existing Infrastructure and Permits = Strategic Advantage
  • 10. AIA:TSXV 10 Maverick Gold Project PL Deposit – Geology Surface Plan and Section OPEN PL Deposit  Updated NI 43-101 Resource April 14 2014  In Pit M&I Rsc increased by 151% to 80,400 oz Au @4.40g/t  Underground M&I Rsc increased by 46% to 206,800 oz Au @5.93g/t www.aurigagold.ca A3-85 – 2.3 m @ 12.6 g/t Au and 0.5 m @ 24.3 g/t Au A3-83 – 2.0 m @ 12.0 g/t Au A3-84 – 6.2 m @ 7.6 g/t Au A3-81 – 1.7 m @ 47.2 g/t Au, incl. 0.5 m @ 145.5 g/tAU Resource Still Open Down Dip to North East
  • 11. AIA:TSXV 11 Community and Social Responsibility Sherridon – Cold Lake, Manitoba www.aurigagold.ca Strong Local Community Support • May 7, 2014 Community Update meeting - President and CEO Gorden Glenn and Director Brian Robertson provide MGP update and respond to questions and concerns of the local community • Sherridon - Cold Lake, Manitoba is located approximately 13 km north of the MGP • The MGP and the local community share regional infrastructure including an all weather road, the Keewatin Railway Company (KRC) and access to low cost, clean hydro power • We also share the same vision of re-starting sustainable, mining operations with minimal impact to the environment • The community of Sherridon - Cold Lake, Manitoba expressed their strong support of the MGP
  • 12. AIA:TSXV Maverick Gold Project - PEA From Jan. 2012 - based on Aug. 2011 NI 43-101 Resource Estimate 12 • Open pit cost anticipated at $650/oz excluding sustaining capital • 20.3% of gold production from initial low-risk open pit production • $949/oz average LOM operating cash cost including $77/oz sustaining capital • $18.1 million Capex to production • $130.5 million cumulative cash flow at $1400/oz • Payback in 20 months www.aurigagold.ca $50,000,000 $25,000,000 $0 $25,000,000 $50,000,000 $75,000,000 $100,000,000 $125,000,000 $150,000,000 $175,000,000 $200,000,000 oz 10000 oz 20000 oz 30000 oz 40000 oz 50000 oz 60000 oz Ounces Recovered Cumulative Cash Flow at $1400 /oz Au Cumulative Cash Flow at $1600/oz Au -1 1 2 3 4 5 6 7 8 -1 1 2 3 4 5 6 7 8 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 oz 10000 oz 20000 oz 30000 oz 40000 oz 50000 oz 60000 oz U/G Open Pit Operating Cost/oz Total Op+Sust Cost/oz Short Payback, Attractive Sub-$1000/oz AISC
  • 13. AIA:TSXV Maverick Gold Project – Positive PEA From Jan. 2012 - based on Aug. 2011 NI 43-101 Resource Estimate www.aurigagold.ca 13 Average Annual Production: 45,000 oz/annum Au Recoverable Gold1: 348,000 recovered oz Au @ avg. of 5.8 g/t Au diluted 20.3% from open pits; 79.7% from u/g Milling Rate: 750 tpd 1 Mill Recovery: 90% Life of Mine: 7.5 years Total CAPEX: $18.1 M (incl. $3.02 m contingency) Average LOM C2 cash cost: CAD$949/oz Undiscounted Cash Flow (pretax) :$130 M Payback : 20th month of processing ore NPV (pretax, 5%) 2: $95.4 M IRR (pretax): 84% 1. Initial Mine Plan in February 2012 PEA 2. Based on gold at USD$1400/oz Gold price, operating cost and capital cost sensitivity analysis @ 5% NPV Updated PEA Planned for Q2 2014
  • 14. AIA:TSXV Maverick Gold Project – PL Deposit Longitudinal Section Facing West 14 Longitudinal section looking west showing existing underground workings, proposed open pits, and proposed stopes from all zones. January 2012 PEA and August 2011, NI43-101 Resource Estimate Pit 1 Recovered Ounces Open Pits: Pit 1: 20,760 oz Pit 2: 4,950 oz Pit 3: 6,060 oz Pit 4/5: 37,740 oz Total Pits: 69,510 oz Underground Mining Areas: Area 1: 49,000 oz Area 2: 124,000 oz Area 3: 108,000 oz Area 4: 23,000 oz Total Undergound: 304,000 oz Pit 4/5 Pit 1 Pit 2 Pit 3 www.aurigagold.ca AREA 1 AREA 3 AREA 2 AREA 4 Updated PEA to Include Optimized Open Pit and Underground Mine Plans
  • 15. AIA:TSXV 15 Maverick Gold Project Key Operating Permits and Infrastructure (1000 tpd Mill) In Place
  • 16. AIA:TSXV New Underground Mine Plan – SAMSTM Specialized Shallow Angle Mining System 16 • Innovative modular concept and design • Very high proportion of the mining tasks are mechanized • Eliminate the use of manual drills for drift development • Jackleg vs Long Tom and Jumbo • Introduction of long hole productivity techniques • Hydraulic vs pneumatic • Enhanced work conditions and modular design result in higher productivity • www.minrail.ca www.aurigagold.ca Auriga is De-Risking MGP with New Underground Mine Plan and Innovative SAMSTM SAMSTM developed by Minrail Inc., of Val-d'Or Quebec Minrail has developed a unique and innovative mining system for shallow-angle mining operations (S.A.M.S.™) that promises to revolutionize mining operations as we know them today.
  • 17. AIA:TSXV Old Underground Mine Plan – Conventional 17www.aurigagold.ca Accepted Narrow Vein Mining Methods are Manually Intensive and Less Productive
  • 18. AIA:TSXV New Underground Mine Plan – SAMSTM Specialized Shallow Angle Mining System 18www.aurigagold.ca Innovative Mechanized Rail-Based System is Safer with Higher Productivity
  • 19. AIA:TSXV Maverick Gold Project – Exploration Upside 19 Targeting in excess of 1,000,000 ounces gold  Well-defined major regional gold mineralized structure at the northern border of Flin Flon greenstone belt  Drill program planned to expand resources  Maverick Property covers over 20km of strike length  Target has well-defined geophysics trend with several showings found along strike  Updated MGP NI 43-101  In Pit M+I Rsc 121,100 oz @ 4.01 g/t Au  Underground M+I Rsc increased by 46% to 206,800 ounces Au  Total M+I Rsc 327,900 @ 5.93g/t Au  Total Inf Rsc 438,600 ounces Au M Zone Drill hole A3-48 0.50m @ 23.68 g/t Au PL Deposit and Onsite Mill Nokomis Deposit Ind Rsc 40,700 oz Au Inf Rsc 19,100 oz Au www.aurigagold.ca Property Unexplored away from Known Deposits
  • 20. AIA:TSXV Maverick Gold - Nokomis Deposit Satellite Deposit just 8km Northeast from the Maverick Mill 20 • Potential open pit satellite deposit • Confirmation drilling program complete • Indicated mineral resource of 40,700 ounces • Inferred resource of 19,100 ounces of gold • Initial high-grade gold intercepts • 125.08 g/t over 7.6 m (incl. 1,830 g/t over 0.5 m); • 12.27 g/t over 5.2 m; • 5.1 g/t over 6.4 m; • 9.65 g/t over 5.6 m (incl. 62.23 g/t over 0.5 m) High-grade near-surface mineralization www.aurigagold.ca Incremental Mill Feed from Nokomis Enhances MGP Economics
  • 21. AIA:TSXV  VTEM anomaly on western limb of the Puffy fold has strike length of over 1.5 km  Historic drilling only tested horizon at very shallow depths, well up dip from the top of the conductor  2011 AIA drill hole successfully tested the down dip projection of horizon and intersected significant gold mineralization  23.7g/t over 0.5 m at 250 m  Priority target for follow-up drilling in 2013/14 Maverick Gold Project – M Zone Significant Exploration Upside 21 High Priority target for Follow-up Drill Program
  • 22. AIA:TSXV Maverick Gold Project Near Term Gold Production with Significant Expansion Potential 22 Area consolidation Toll milling opportunities Resource expansion on major structure ++ Extend Mine Life Exploration success on Maverick Gold M Zone Exploration Maverick Property covers 20 km of major regional mineralized structure + Resource Expansion Nokomis Deposit In Pit Indicated Resource 40,700 oz In Pit Inferred Resource 26,100 oz 8 km from Mine and Mill Contributes to full mill capacity at 1000 tpd >50,000 oz/yr Combined U/G and open pit PEA Study 750 tpd 7.5 year mine life 348,000 recovered gold ounces 45,000 oz/yr www.aurigagold.ca Solid Plan for Growth and Value Creation
  • 23. AIA:TSXV Auriga Gold Investment Highlights 23  Near-term gold production, with excellent exploration upside  Past producing property, with significant onsite infrastructure  1,000 tpd mill, ancillary facilities, ramp and underground workings  Road access to property, access to grid power and railway  Permitted for quick re-start  April 2014 NI 43-101 Resource Estimate:  Total M+I Rsc 327,900 @ 5.93g/t Au  Total Inf Rsc of 438,600 ounces Au  Open pit and shallow underground  Positive 2012 PEA on U/G and open pit test mining on near surface resources  Annual production of 45,000 ounces at C2 cash cost of $949/oz  CAPEX: $18.1 Million;  un-discounted cash flow: $130 Million  Management experienced at discovery, resource expansion, development and operations  Resources, PEA and mine plan being updated Q2 2014 www.aurigagold.ca AIA’s Value Proposition is One of the Best in the Jr Gold Development Sector Today
  • 24. AIA:TSXV 24 For more information: Auriga Gold Corp. AIA:TSXV +1 416 985 2785 365 Bay Street, Suite 400 Toronto, Ontario M5H 2V1 www.aurigagold.ca AIA_AurigaGold AIA.AurigaGold Contact Information