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August 2018
A SCARCE ASSET IN A TRUE
MINING DISTRICT
www.guygold.com 2
This presentation of Guyana Goldfields Inc. (the "Company") contains
statements that constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause our actual results, performance or achievements, or
developments in our industry, to differ materially from the anticipated results,
performance or achievements expressed or implied by such forward-looking
statements. Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words "expects,"
"aims," "plans," "anticipates," "believes," "intends," "estimates," "projects,"
"potential" and similar expressions, or that events or conditions "will," "would,"
"may," "could" or "should" occur. Information inferred from the interpretation of
drilling results and information concerning mineral resource and mineral reserve
estimates may also be deemed to be forward looking statements, as such
information constitutes a prediction of what might be found to be present when
and if a project is actually developed. Forward-looking statements this document
include statements regarding: the Company's expectations regarding drilling
and exploration activities on properties in which the Company has an interest;
and the Company's statements regarding estimates of reserves and resources
on properties in which the Company has an interest.
There can be no assurance that such statements will prove to be accurate.
Actual results and future events could differ materially from those anticipated in
such statements, and readers are cautioned not to place undue reliance on
these forward-looking statements that speak only as of their respective dates.
Important factors that could cause actual results to differ materially from the
Company's expectations include among others, risks related to fluctuations in
mineral prices; uncertainties related to raising sufficient financing to fund
planned work in a timely manner and on acceptable terms; changes in planned
work resulting from weather, logistical, technical or other factors; the possibility
that results of work will not fulfill expectations and realize the perceived potential
of the Company's properties; uncertainties involved in the estimation of
resources and reserves; the possibility that required permits may not be
obtained on a timely manner or at all; the possibility that capital and operating
costs may be higher than currently estimated and may preclude commercial
development or render operations uneconomic; the possibility that the estimated
recovery rates may not be achieved; risk of accidents, equipment breakdowns
and labour disputes or
other unanticipated difficulties or interruptions; the possibility of cost overrun or
unanticipated expenses in the work program; the risk of environmental
contamination or damage resulting from the Company's operations; risks
associated with title to mineral properties; and other risks and uncertainties
discussed appear elsewhere in the Company's documents filed from time to
time with the Toronto Stock Exchange and Canadian securities regulators.
These statements are based on a number of assumptions, including
assumptions regarding general market conditions, the availability of financing for
proposed transactions and programs on reasonable terms, the cost of
exploration and development and the ability of outside service providers to
deliver services in a satisfactory and timely manner. Forward-looking statements
are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made. Except as expressly
required by applicable securities laws, the Corporation undertakes no obligation
to update these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should change.
This presentation uses the terms "Inferred Resource", "Indicated Resource",
“Measured Resource” and "Mineral Resource". The Company advises readers
that although these terms are recognized and required by Canadian securities
regulations (under National Instrument 43-101 "Standards of Disclosure for
Mineral Projects"), the US Securities and Exchange Commission does not
recognize these terms. Readers are cautioned not to assume that any part or all
of the mineral deposits in these categories will ever be converted into reserves.
In addition, "Inferred Resources" have a great amount of uncertainty as to their
existence, and economic and legal feasibility. It cannot be assumed that any
part of an Indicated or Inferred Mineral Resource will ever be upgraded to a
higher category. Under Canadian rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or pre-feasibility studies, or economic
studies except for a Preliminary Assessment as defined and permitted under
National Instrument 43-101. Readers are cautioned not to assume that part or
all of an Inferred Resource exists, or is economically or legally mineable. The
Mineral Resources stated in this presentation are not Mineral Reserves and, in
the absence of a current feasibility study, do not demonstrate economic viability.
The determination of Mineral Reserves can be affected by various factors
including environmental, permitting, legal, title, taxation, socio-political, and
marketing issues.
FORWARD LOOKING STATEMENT
www.guygold.com 3
 Cash position of US$62M vs. debt of US$50M as at June 30, 2018
 Annual gold production expected to grow from 180koz (2018) to +300koz (2022)
Attractive 5-Year
Growth Profile
 High grade Au producer with +16 years reserve life with upside
 Simple metallurgy and mine plan, positive grade reconciliation to date
A Scarce Asset
 US$400M+ of expected free cash flow generated 2019 to 2022 at US$1,200/oz
Exceptional
Free Cash Flow
Generation
 +200,000 acre land package in highly prospective & underexplored greenstone belt
 Targeting open pit exploration targets within a 30km radius from Aurora Mill
 Focus on East Wallcott Drilling at Aurora and other near mine targets
District Potential
Strong Balance
Sheet
INVESTMENT HIGHLIGHTS
Management
Changes
 Appointment of Rene Marion as Non-Executive Chairman
 Single reporting structure to CEO, Scott Caldwell
www.guygold.com 4
SITE LAYOUT: Aurora Gold Mine
Rory’s Knoll
Walcott Hill
Mad Kiss
Aleck Hill
North Aleck Hill
www.guygold.com
2.9 2.9
2.7
1.7
1.4 1.3 1.3
1.0 1.0 0.9 0.9 0.8
0.7 0.7 0.6
0.4
Guyana Torex SEMAFO Alacer OceanaGold IAMGOLD Alamos B2Gold Detour Eldorado SSR Mining New Gold Kinross Yamana Tahoe Centerra
Gold Equivalent Grade (g/t Au Eq.)
5
Aurora is a High Grade Gold Mine
Source: Company filings
Note: Gold equivalent grade shown for total reserves and resources (precious metals only).
www.guygold.com 6
2018 Guidance
2018 Guidance
Gold production 175,000-185,000
Cost of sales (production costs, royalty and depreciation) $905-955/oz
Cash cost¹, excluding royalty $535-585/oz
All-in sustaining cost¹ (“AISC”) $945-995/oz
• Production is weighted towards the second half of the year due to mine sequencing and
increased throughput with completion of the phase 1 expansion.
• 2018 mine plan is primarily made up of all hard rock ore from the central tonalite/diorite ore at
Rory’s Knoll and East Walcott deposits.
• Costs are based on an increased stripping rate during 2018, offset by the increased and more cost-
efficient production offered by the process plant expansion investments.
(1) This is a non-IFRS measure. Refer to non-IFRS Performance Measures section in the latest MD&A
www.guygold.com 7
Q2 2018 Operating Highlights
• Production is weighted towards the second half of the year due to mine sequencing and
increased throughput with completion of the phase 1 expansion.
Q1 2018 Q2 2018 Annual Guidance
Gold Produced (ounces poured) 38,500 28,250 175-185k
Gold Sold (ounces) 38,000 31,700
Average Realized Gold Price US$/ounce 1,333 1,300
Gross Revenue (US$) 50M 41M
Cost of sales (production costs, royalty and
depreciation)
913 1,137 $905-955/oz
Cash cost¹, excluding royalty 611 864 $535-585/oz
All-in sustaining cost¹ (“AISC”) 934 1,186 $945-995/oz
Tonnes mined per day 36,489 39,700
Tonnes processed per day 6,720 7,100
Head grade g/t Au 2.18 1.65
Recovery (%) 91.7 91.4
www.guygold.com 8
Excellent Track Record and Growth Profile
(1) 2018 Guidance of 175k‐185koz
¹
Source: Optimized Life of Mine Plan – Press Release February 20, 2018
0
200
400
600
800
1,000
1,200
 ‐
 50
 100
 150
 200
 250
 300
 350
2017 2018E 2019E 2020E 2021E 2022E
Costs (US$/oz)
Recovered Oz
Gold Recovered / Costs
Underground Open Pit Operating Cash Cost AISC
www.guygold.com
9
COMBINED PRODUCTION PROFILE
 ‐
 50
 100
 150
 200
 250
 300
 350
 ‐
 5
 10
 15
 20
 25
 30
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Gold Recovered (k oz)
Material Mined (Mtonnes)
Total Material Mined / Gold Produced
Ore Processed UG Ore OP Ore Waste Recovered Oz 2017 FS Oz
Source: Optimized Life of Mine Plan – Press Release February 20, 2018
www.guygold.com 10
MILL EXPANSION
88
89
90
91
92
93
94
5,400
5,600
5,800
6,000
6,200
6,400
6,600
6,800
7,000
7,200
Current Operation Phase 1 Pre‐Crush Install
Recovery (%)
Throughput (tpd)
Throughput Recovery
• Phase 1 Expansion: Completed
• Phase 2 Pre‐crush Expansion: Q4 2018
• Capital cost of $3.5M
• Engineering is complete & construction is 20% underway
• Phase 2 Ball Mill & Gravity Expansion: Q4 2018 ‐ Eliminated
• Due to the highly encouraging results from trials supplementing mill feed with pre‐crushed 
ore, as well as the higher than expected recoveries from the Phase 1 expansion, the scope of 
the second phase of the mill expansion has been reduced to eliminate the ball mill
• Savings of $2.5M
www.guygold.com 11
UPCOMING CATALYSTS
 Multiple brownfield and near mine targetsExploration
 Expected completion by the end of Q4 2018
Phase 2
Mill Expansion
 Begins Q4 2018
Underground
Development
www.guygold.com 12
GUIANA SHIELD: Known Gold Region
www.guygold.com 13
CUYUNI BASIN: A TRUE MINING DISTRICT: Looking for Mine #2
• 1 Operating Aurora Gold Mine
• 1 Sulphur Rose secondary resource
• 1,200 square km land package
• Long history of artisanal mining
• Highly prospective greenstone belt
• Brownfield Targets:
• East Walcott, Mad Kiss and Aleck Hill
Looking for Mine #2
Arangoy
www.guygold.com 14
Brownfields Exploration: Resource Growth Potential at AH and MK
Source: JDS, 2018
Open laterally 
and at Depth
www.guygold.com 15
Brownfields Exploration: Resource Additions At East Walcott
• Phase One:
• 5 holes drilled ~ 2500m
• Awaiting assays
• Phase two:
• 7 holes drilled ~3500m
• Awaiting assays
• Early results suggests significant
exploration potential to expand
underground resources down-
plunge of the interpreted ore shoots.
www.guygold.com 16
Iroma: Near Mine Open Pit Feed Target
• Located 10km NE of Aurora
• Drilling will continue to test the mineralized
zones laterally and at depth. A drill rig road
is currently being pushed towards Areas 2
and 3 along the 8.5km gold anomalous
zone that will be drill tested.
• Gold mineralization is associated with
NNW trending shear zones along an 12km
central zone of anomalous gold.
• Assay results pending.
www.guygold.com 17
APPENDIX
www.guygold.com 18
Symbol: TSX: GUY
Total Shares Outstanding 173,530,802
Options 5,949,179 
Warrants 0
52 week: Hi/Lo C$5.42 / C$3.53
Market Cap (at C$ 3.64) C$630 million
Cash Balance (June 30, 2018) US$62 million
Debt  (June 30, 2018) US$50 million
Top 10 Shareholders Shares %
The Baupost Group 23.7M 13.7%
Van Eck 19.1M 11.0%
Wellington Management 11.2M 6.5%
Franklin Resources (Templeton) 8.4M 4.5%
Rafferty Asset Management 8.3M 4.8%
Sentry Investments 6.9M 4.0%
Fidelity Investments 6.1M 3.5%
Patrick Sheridan Jr. (Founder) 5.6M 3.2%
Oppenheimer 5.2M 3.0%
Dimensional Fund 3.6M 2.1%
CORPORATE SNAPSHOT
www.guygold.com 19
 Guyana is the only English speaking country in South America
 British common law and secure tenure - part of the Commonwealth
 Democratically elected government under parliamentary system
 Long history of significant gold production:
 Gold was the largest export of the country
 Royalty:
 5%: Gold price $1,000/oz or less
 8%: Gold price $1,000/oz +
 Corporate income tax:
 27.5% with no withholding tax on interest payments
MINING FRIENDLY JURISDICTION & GOVERNMENT
www.guygold.com 20
Road Access to 
Aurora
LOGISTICS & INFRASTRUCTURE
Wynamu
www.guygold.com 21
Focus on health and safety of our employees, the well-being of our
community and the protection of the natural environment
Hiring in the region, giving priority to local communities:
 96% are Guyanese nationals
 Scholarship and job/skills training
Supporting local communities
 Local sourcing of goods and services
 Business opportunities
 Participation in municipal development
 Sustainable development initiatives in community
CSR AND SUSTAINABLE DEVELOPMENT
www.guygold.com 22
MINERAL RESERVES
As at December 31, 2017
Category
Quantity
(kt)
Grade
(g/t Au)
Ounces
(k Oz)
Proven
OP Saprolite 108 0.73 3
OP Rock 4,569 2.75 404
Total Proven 4,677 2.70 406
Probable
OP Saprolite 2,291 1.77 130
OP Rock 12,959 2.81 1,172
UG Rock 23,120 3.04 2,262
Total Probable 38,370 2.89 3,565
Total P&P 43,047 2.87 3,971
1. The CIM definitions were followed for mineral reserves.
2. Mineral Reserves are based on a gold price of US$1,200 per ounce, an 8% royalty and an average
metallurgical recovery of 96.0% for saprolite and 94.0% for fresh rock material.
3. Open pit saprolite and rock reserves are reported at a cut-off grade of 0.44 g/t Au and 0.42 g/t Au
for vein and upper saprolite material respectively. Open pit rock reserves are reported at a cut-off
grade of 0.76 g/t Au and 0.64 g/t Au for vein and Rory’s Knoll rock material respectively.
4. Underground fresh rock reserves are reported at a cut-off grade of 1.5 g/t Au.
5. Mineral reserves are contained within mineral resources.
6. All figures have been rounded to reflect the relative accuracy of the estimates. Numbers may not
add due to rounding
7. The mineral reserve estimate was prepared by Tysen Hantelmann, P.Eng. and Gord Doerksen,
P.Eng of JDS Mining and both are a “qualified person” under National Instrument 43-101.
www.guygold.com 23
MINERAL RESOURCES
As at December 31, 2017
Category
Quantity
(kt)
Grade
(g/t Au)
Ounces
(k Oz)
Measured
OP Saprolite 108 0.73 3
OP Rock 4,728 2.91 442
Total Measured 4,836 2.86 445
Indicated
OP Saprolite 1,404 0.93 42
OP Rock 20,901 2.60 1,747
UG Rock 30,060 3.91 3,780
Total Indicated 52,365 3.31 5,569
Total M + I 57,201 3.27 6,014
Inferred
OP Saprolite 1,939 0.91 57
OP Rock 2,581 1.93 161
UG Rock 11,810 4.12 1,560
Total Inferred 16,330 3.39 1,777
1. The CIM definitions were followed for mineral resources.
2. Mineral resources are inclusive of mineral reserves. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
3. All figures have been rounded to reflect the relative accuracy of the estimates. Number may not add due to rounding.
4. Open pit mineral resources are reported at a cut-off grade of 0.30 g/t for Saprolite and 0.40 g/t for Fresh rock respectively, and underground mineral resources are reported at a cut-off grade of 1.8 g/t. Cut-off
grades are based on a price of US$1,300 per ounce of gold and a gold recoveries of 97 percent for saprolite and 94.5 percent for fresh material.
5. Mineral resources have been adjusted using the 2017 EOY topography, to account for open pit mining to date, and include ore stockpile inventories as of EOY 2017.
6. The qualified person is not aware of any mining, metallurgical, infrastructure, permitting, or other factors that could materially affect the mineral resource estimates.
7. The mineral resource estimate for Rory’s Knoll was prepared under the supervision of Tim Maunula, of T. Maunula & Associates Consulting Ltd. Mr. Maunula is a “qualified person” under NI 43-101 and
is independent of the Company. The mineral resource estimate for the satellites was prepared under the supervision of Daniel Noone of Guyana Goldfields Inc. Mr. Noone is a “qualified person” under
National Instrument 43-101.
www.guygold.com 24
Optimized LOM Mine Plan: Highlights Comparison
(1) This is a non-IFRS measure. Refer to non-IFRS Performance Measures section
(2) Royalty decreases from 8% to 5% at gold prices at and below US$1,000/oz
Description (@ US$1,200 gold price) 2018 LOM Plan
2017 Updated 
FS
Ore tonnes (Mt) 43.0 34.7
Average grade (Au g/t) 2.87 3.00
Process recovery (%) 94.8 93.8
Payable gold (Moz) 3.8 3.1
Annual gold production (2018‐2022 koz) 270 242
Mine Life (years) 16 14
AISC ($/oz)¹ 797 745
Post‐tax NPV5% (M$) 898 821
Financials @ 5% 
Discount Rate
$1,000/oz
gold price²
$1,100/oz
gold price
$1,300/oz
gold price
$1,400/oz
gold price
Pre‐tax NPV ($mlns) 722 891 1,393 1,645
Post‐tax NPV ($mlns) 588 713 1,081 1,264
Source: Optimized Life of Mine Plan – Press Release February 20, 2018
www.guygold.com 25
Optimized LOM Plan OPEX
1 This is a non-IFRS measure. Refer to non-IFRS Performance Measures section.
Description Unit 2018 LOM 2017 Updated FS
OP Mining $/tonne mined 2.20 2.09
RK UG Mining $/ore t mined 24.83 25.72
Satellite UG Mining $/ore t mined 48.35 50.82
Processing $/t processed 16.06 14.25
G&A $/t processed 9.12 8.67
Operating Cash Cost¹ 
(w/ royalty)
$/oz 627 613
Operating Cash Cost¹ 
(excl. royalty)
$/oz 531 517
AISC¹ $/oz 797 745
Source: Optimized Life of Mine Plan – Press Release February 20, 2018
www.guygold.com
26
OPEN PIT TONNES MINED BY SOURCE
 ‐
 10
 20
 30
 40
 50
 60
 70
 80
 ‐
 5
 10
 15
 20
 25
 30
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Mining Rate (ktpd)
Material Mined (Mtonnes)
OP Material by Source
RK AH AN WH MK tpd
Source: Optimized Life of Mine Plan – Press Release February 20, 2018
www.guygold.com
27
UG MATERIAL BY SOURCE
 ‐
 1.0
 2.0
 3.0
 4.0
 5.0
 6.0
 ‐
 0.5
 1.0
 1.5
 2.0
 2.5
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Mined Grade (gpt)
Material Mined (Mtonnes)
UG Material by Source
RK Development RK LH RK SLC MK AH RK‐EW LH Grade
Source: Optimized Life of Mine Plan – Press Release February 20, 2018
www.guygold.com 28
FLOWSHEET
www.guygold.com 29
Annual LOM Production Profile
Units
Total/
Avg
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
OPEN PIT MINING
Open Pit Ore ktonnes 19,022 2,579 3,078 1,553 2,317 1,976 1,098 820 684 1,039 1,096 957 822 684 320
Au Grade Mined gpt 2.74 2.62 2.90 2.89 2.80 2.74 3.09 2.61 2.86 2.03 2.93 2.44 1.78 3.99 2.20
Au Mined from Open Pit kounces 1,675 217 287 144 208 174 109 69 63 68 103 75 47 88 23
Open Pit Waste ktonnes 169,376 22,071 22,472 24,067 19,416 8,880 8,465 8,640 8,943 8,705 8,622 8,984 9,577 9,755 779
Open Pit Material Moved ktonnes 188,397 24,650 25,550 25,620 21,733 10,855 9,562 9,460 9,627 9,745 9,717 9,942 10,399 10,439 1,098
Strip Ratio 8.9 8.6 7.3 15.5 8.4 4.5 7.7 10.5 13.1 8.4 7.9 9.4 11.7 14.3 2.4
UNDERGROUND MINING
Ore Mined - Rory's Knoll ktonnes 20,537 347 554 1,332 1,506 1,714 1,725 1,714 1,720 1,738 1,707 1,704 1,748 1,677 1,349
Au Grade Mined gpt 2.92 4.76 4.24 3.85 2.93 2.88 3.25 3.43 3.05 2.50 2.38 2.34 2.31 2.69 2.74
Au Mined from Rory's Knoll
UG koz 1,925 53 76 165 142 159 180 189 169 140 131 128 130 145 119
Ore Mined - Satellites koz 2,583 140 420 562 285 67 165 181 209 205 205 144
Au Grade Mined gpt 4.06 3.41 4.98 3.66 3.23 2.97 4.72 4.64 3.90 4.07 3.77 4.93
Au Mined from Satellites
UG koz 337 15 67 66 30 6 25 27 26 27 25 23
Total Au Mined koz 3,937 217 302 265 350 368 257 227 243 257 272 240 205 242 179 170 142
PROCESSING
Tonnes Milled ktonnes 43,047 2,355 2,738 2,745 2,738 2,738 2,738 2,745 2,738 2,738 2,738 2,745 2,738 2,738 2,738 2,745 2,337
Throughput Rate tpd 7,400 6,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 6,400
Mill Feed Average Grade gpt 2.87 2.91 3.12 3.30 3.48 3.70 3.01 2.87 3.12 2.95 3.07 2.70 2.37 2.83 2.14 2.15 2.11
Recovery % 94.8% 92.1% 95.4% 95.6% 95.8% 96.1% 95.2% 95.0% 95.4% 95.1% 95.3% 94.6% 93.9% 94.9% 93.3% 93.3% 93.1%
Total Au Recovered kounces 3,767 203 262 278 294 313 252 240 262 247 258 226 196 236 176 177 148
Source: Optimized Life of Mine Plan – Press Release February 20, 2018
www.guygold.com 30
Annual LOM Cost Profile
Units
Total/
Avg
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
FINANCIALS
Revenue $mlns 4,508 243 314 333 352 374 302 288 313 295 309 270 235 283 211 211 177
NSR Royalty (8%) $mlns 361 19 25 27 28 30 24 23 25 24 25 22 19 23 17 17 14
Site Operating Costs $mlns 1,989 92 100 118 141 121 126 129 130 135 137 138 139 146 119 113 108
Sustaining Capital $mlns 295 9 21 34 29 16 14 19 21 16 12 15 17 26 21 16 10
Deferred Stripping $mlns 138 36 28 37 11 5 2 4 6 - - 3 4 2 - - -
Expansion Capital $mlns
Mill Expansion $mlns 13 13 - - - - - - - - - - - - - - -
UG Mining $mlns 151 19 73 17 - - - - - - 20 21 - - - - -
Other $mlns 3 3 - - - - - - - - - - - - - - -
Total Capital Costs $mlns 599 79 122 88 41 20 16 22 27 16 32 40 21 28 21 16 10
Total Site Costs $mlns 2,950 190 247 232 210 171 166 174 182 175 193 200 178 196 157 147 132
AISC $mlns 3,002 170 188 229 223 185 180 188 196 188 187 192 191 210 171 160 145
Pre-tax Cash Flow $mlns 1,567 50 61 98 140 204 138 112 128 120 113 70 57 82 60 64 46
NPV (5%) (pre-tax) $mlns 1,142
Tax $mlns 348 1 7 6 24 50 33 30 35 33 32 20 14 23 14 16 11
NPV (5%) (after tax) $mlns 898
Operating Cash Cost¹ $/oz 531 455 385 425 483 389 501 540 498 551 532 614 710 618 679 645 732
Operating Cash Cost (incl
Royalty)¹ $/oz 627 551 481 521 579 485 597 636 594 647 628 710 806 714 775 740 828
AISC¹ $/oz 797 836 717 821 761 592 713 783 747 764 723 851 977 886 970 907 985
Source: Optimized Life of Mine Plan – Press Release February 20, 2018
www.guygold.com 31
BOARD & SENIOR OFFICERS
Alan Ferry
Director
 Geologist that has been Involved in the investment industry for over 28 years as a mining
analyst and a mining corporate finance specialist.
Patrick Sheridan Jr.
Founder, Director
 Over 25 years of experience in the mining industry
 Has actively explored in Guyana since 1996 and is the founder of Guyana Goldfields and lead the
discovery of the Aurora and Sulphur Rose deposits
Scott A. Caldwell
President & CEO
and Director
 Mining engineer with 35+ years experience building and operating gold and base metal mines worldwide
 Former President, CEO and Director of Allied Nevada Gold Corp. from 2006 - 2013
Michael Richings
Director
 40+ years of development and operational experience in the resource sector. Mr. Richings is currently
the Chairman of the Board for Vista Gold, where he also served as CEO from 2007 to 2012
Rene Marion
Non Executive
Chairman, Director
 25+ years of diversified management and senior technical experience with resource industry
expertise in operations, mineral exploration, and mine development, along with a successful
history of corporate development.
Wendy Kei
Director
 Chartered Professional Accountant and previously served as CFO of Dominion Diamond Corporation
(formerly Harry Winston).
Jean-Pierre Chauvin
Director
 40+ years of combined experience in mining operations and construction management.
David Beatty
Director
 25+ years of financial capital markets and resource management experience.
Daniel Noone
VP, Exploration
 Over 25 years of experience of international mineral exploration and development
 Former VP of Peru for Aquiline Resources
Paul J. Murphy
Executive VP,
Finance & CFO
 Over 40 years of financial experience and former Head of PricewaterhouseCoopers LLP Western’s
World Mining Practice
www.guygold.com 32
Scientific and Technical Information
The compilation of the Optimized LOM Plan was completed by Tysen Hantelmann, P.Eng. and Gord Doerksen, P.Eng of JDS Mining. By
virtue of their education, membership to a recognized professional association and relevant work experience, Tysen Hantelmann and
Gord Doerksen are independent Qualified Persons as defined by National Instrument 43-101 and have reviewed, approved and verified
the technical content of this news release.
The mineral reserve estimates were prepared under the supervision of Tysen Hantelmann, P.Eng. and Gord Doerksen, P.Eng of JDS
Mining. Mr. Hantelmann and Mr. Doerksen are a “qualified person” under NI 43-101 and is independent of the Company. The mineral
resource estimate for Rory’s Knoll was prepared under the supervision of Tim Maunula, of T. Maunula & Associates Consulting. Mr.
Maunula is a “qualified person” under NI 43-101 and is independent of the Company. The mineral resource estimates for the satellite
deposits was prepared under the supervision of Danial Noone of Guyana Goldfields Inc. Daniel Noone is a “qualified person” under
National Instrument 43-101 and has also reviewed the contents of this press release.
Securities Laws
This presentation does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such
would be prohibited. This presentation is not an offer to sell, or a solicitation of an offer to purchase, any securities in the United States.
The securities referred to in this presentation will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in
the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable
state securities laws.
The information contained in this presentation does not and is not intended to constitute a "valuation," "formal valuation," "appraisal,"
"prior valuation," or a "report, statement or opinion of an expert" for purposes of any securities legislation in Canada or otherwise.
Currency
Unless otherwise indicated, all dollar values herein are in United States dollars.
SCIENTIFIC, TECHNICAL AND SECURITIES INFORMATION
www.guygold.com 33
Jacqueline Wagenaar
VP, IR & Corporate Communications
Tel: (416) 628 5936 x.5295
Email: jwagenaar@guygold.com

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August 2018 ir presentation

  • 1. August 2018 A SCARCE ASSET IN A TRUE MINING DISTRICT
  • 2. www.guygold.com 2 This presentation of Guyana Goldfields Inc. (the "Company") contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "aims," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource and mineral reserve estimates may also be deemed to be forward looking statements, as such information constitutes a prediction of what might be found to be present when and if a project is actually developed. Forward-looking statements this document include statements regarding: the Company's expectations regarding drilling and exploration activities on properties in which the Company has an interest; and the Company's statements regarding estimates of reserves and resources on properties in which the Company has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of their respective dates. Important factors that could cause actual results to differ materially from the Company's expectations include among others, risks related to fluctuations in mineral prices; uncertainties related to raising sufficient financing to fund planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the estimation of resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overrun or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations; risks associated with title to mineral properties; and other risks and uncertainties discussed appear elsewhere in the Company's documents filed from time to time with the Toronto Stock Exchange and Canadian securities regulators. These statements are based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and programs on reasonable terms, the cost of exploration and development and the ability of outside service providers to deliver services in a satisfactory and timely manner. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as expressly required by applicable securities laws, the Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. This presentation uses the terms "Inferred Resource", "Indicated Resource", “Measured Resource” and "Mineral Resource". The Company advises readers that although these terms are recognized and required by Canadian securities regulations (under National Instrument 43-101 "Standards of Disclosure for Mineral Projects"), the US Securities and Exchange Commission does not recognize these terms. Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred Resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of an Indicated or Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Assessment as defined and permitted under National Instrument 43-101. Readers are cautioned not to assume that part or all of an Inferred Resource exists, or is economically or legally mineable. The Mineral Resources stated in this presentation are not Mineral Reserves and, in the absence of a current feasibility study, do not demonstrate economic viability. The determination of Mineral Reserves can be affected by various factors including environmental, permitting, legal, title, taxation, socio-political, and marketing issues. FORWARD LOOKING STATEMENT
  • 3. www.guygold.com 3  Cash position of US$62M vs. debt of US$50M as at June 30, 2018  Annual gold production expected to grow from 180koz (2018) to +300koz (2022) Attractive 5-Year Growth Profile  High grade Au producer with +16 years reserve life with upside  Simple metallurgy and mine plan, positive grade reconciliation to date A Scarce Asset  US$400M+ of expected free cash flow generated 2019 to 2022 at US$1,200/oz Exceptional Free Cash Flow Generation  +200,000 acre land package in highly prospective & underexplored greenstone belt  Targeting open pit exploration targets within a 30km radius from Aurora Mill  Focus on East Wallcott Drilling at Aurora and other near mine targets District Potential Strong Balance Sheet INVESTMENT HIGHLIGHTS Management Changes  Appointment of Rene Marion as Non-Executive Chairman  Single reporting structure to CEO, Scott Caldwell
  • 4. www.guygold.com 4 SITE LAYOUT: Aurora Gold Mine Rory’s Knoll Walcott Hill Mad Kiss Aleck Hill North Aleck Hill
  • 5. www.guygold.com 2.9 2.9 2.7 1.7 1.4 1.3 1.3 1.0 1.0 0.9 0.9 0.8 0.7 0.7 0.6 0.4 Guyana Torex SEMAFO Alacer OceanaGold IAMGOLD Alamos B2Gold Detour Eldorado SSR Mining New Gold Kinross Yamana Tahoe Centerra Gold Equivalent Grade (g/t Au Eq.) 5 Aurora is a High Grade Gold Mine Source: Company filings Note: Gold equivalent grade shown for total reserves and resources (precious metals only).
  • 6. www.guygold.com 6 2018 Guidance 2018 Guidance Gold production 175,000-185,000 Cost of sales (production costs, royalty and depreciation) $905-955/oz Cash cost¹, excluding royalty $535-585/oz All-in sustaining cost¹ (“AISC”) $945-995/oz • Production is weighted towards the second half of the year due to mine sequencing and increased throughput with completion of the phase 1 expansion. • 2018 mine plan is primarily made up of all hard rock ore from the central tonalite/diorite ore at Rory’s Knoll and East Walcott deposits. • Costs are based on an increased stripping rate during 2018, offset by the increased and more cost- efficient production offered by the process plant expansion investments. (1) This is a non-IFRS measure. Refer to non-IFRS Performance Measures section in the latest MD&A
  • 7. www.guygold.com 7 Q2 2018 Operating Highlights • Production is weighted towards the second half of the year due to mine sequencing and increased throughput with completion of the phase 1 expansion. Q1 2018 Q2 2018 Annual Guidance Gold Produced (ounces poured) 38,500 28,250 175-185k Gold Sold (ounces) 38,000 31,700 Average Realized Gold Price US$/ounce 1,333 1,300 Gross Revenue (US$) 50M 41M Cost of sales (production costs, royalty and depreciation) 913 1,137 $905-955/oz Cash cost¹, excluding royalty 611 864 $535-585/oz All-in sustaining cost¹ (“AISC”) 934 1,186 $945-995/oz Tonnes mined per day 36,489 39,700 Tonnes processed per day 6,720 7,100 Head grade g/t Au 2.18 1.65 Recovery (%) 91.7 91.4
  • 8. www.guygold.com 8 Excellent Track Record and Growth Profile (1) 2018 Guidance of 175k‐185koz ¹ Source: Optimized Life of Mine Plan – Press Release February 20, 2018 0 200 400 600 800 1,000 1,200  ‐  50  100  150  200  250  300  350 2017 2018E 2019E 2020E 2021E 2022E Costs (US$/oz) Recovered Oz Gold Recovered / Costs Underground Open Pit Operating Cash Cost AISC
  • 9. www.guygold.com 9 COMBINED PRODUCTION PROFILE  ‐  50  100  150  200  250  300  350  ‐  5  10  15  20  25  30 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Gold Recovered (k oz) Material Mined (Mtonnes) Total Material Mined / Gold Produced Ore Processed UG Ore OP Ore Waste Recovered Oz 2017 FS Oz Source: Optimized Life of Mine Plan – Press Release February 20, 2018
  • 10. www.guygold.com 10 MILL EXPANSION 88 89 90 91 92 93 94 5,400 5,600 5,800 6,000 6,200 6,400 6,600 6,800 7,000 7,200 Current Operation Phase 1 Pre‐Crush Install Recovery (%) Throughput (tpd) Throughput Recovery • Phase 1 Expansion: Completed • Phase 2 Pre‐crush Expansion: Q4 2018 • Capital cost of $3.5M • Engineering is complete & construction is 20% underway • Phase 2 Ball Mill & Gravity Expansion: Q4 2018 ‐ Eliminated • Due to the highly encouraging results from trials supplementing mill feed with pre‐crushed  ore, as well as the higher than expected recoveries from the Phase 1 expansion, the scope of  the second phase of the mill expansion has been reduced to eliminate the ball mill • Savings of $2.5M
  • 11. www.guygold.com 11 UPCOMING CATALYSTS  Multiple brownfield and near mine targetsExploration  Expected completion by the end of Q4 2018 Phase 2 Mill Expansion  Begins Q4 2018 Underground Development
  • 13. www.guygold.com 13 CUYUNI BASIN: A TRUE MINING DISTRICT: Looking for Mine #2 • 1 Operating Aurora Gold Mine • 1 Sulphur Rose secondary resource • 1,200 square km land package • Long history of artisanal mining • Highly prospective greenstone belt • Brownfield Targets: • East Walcott, Mad Kiss and Aleck Hill Looking for Mine #2 Arangoy
  • 14. www.guygold.com 14 Brownfields Exploration: Resource Growth Potential at AH and MK Source: JDS, 2018 Open laterally  and at Depth
  • 15. www.guygold.com 15 Brownfields Exploration: Resource Additions At East Walcott • Phase One: • 5 holes drilled ~ 2500m • Awaiting assays • Phase two: • 7 holes drilled ~3500m • Awaiting assays • Early results suggests significant exploration potential to expand underground resources down- plunge of the interpreted ore shoots.
  • 16. www.guygold.com 16 Iroma: Near Mine Open Pit Feed Target • Located 10km NE of Aurora • Drilling will continue to test the mineralized zones laterally and at depth. A drill rig road is currently being pushed towards Areas 2 and 3 along the 8.5km gold anomalous zone that will be drill tested. • Gold mineralization is associated with NNW trending shear zones along an 12km central zone of anomalous gold. • Assay results pending.
  • 18. www.guygold.com 18 Symbol: TSX: GUY Total Shares Outstanding 173,530,802 Options 5,949,179  Warrants 0 52 week: Hi/Lo C$5.42 / C$3.53 Market Cap (at C$ 3.64) C$630 million Cash Balance (June 30, 2018) US$62 million Debt  (June 30, 2018) US$50 million Top 10 Shareholders Shares % The Baupost Group 23.7M 13.7% Van Eck 19.1M 11.0% Wellington Management 11.2M 6.5% Franklin Resources (Templeton) 8.4M 4.5% Rafferty Asset Management 8.3M 4.8% Sentry Investments 6.9M 4.0% Fidelity Investments 6.1M 3.5% Patrick Sheridan Jr. (Founder) 5.6M 3.2% Oppenheimer 5.2M 3.0% Dimensional Fund 3.6M 2.1% CORPORATE SNAPSHOT
  • 19. www.guygold.com 19  Guyana is the only English speaking country in South America  British common law and secure tenure - part of the Commonwealth  Democratically elected government under parliamentary system  Long history of significant gold production:  Gold was the largest export of the country  Royalty:  5%: Gold price $1,000/oz or less  8%: Gold price $1,000/oz +  Corporate income tax:  27.5% with no withholding tax on interest payments MINING FRIENDLY JURISDICTION & GOVERNMENT
  • 21. www.guygold.com 21 Focus on health and safety of our employees, the well-being of our community and the protection of the natural environment Hiring in the region, giving priority to local communities:  96% are Guyanese nationals  Scholarship and job/skills training Supporting local communities  Local sourcing of goods and services  Business opportunities  Participation in municipal development  Sustainable development initiatives in community CSR AND SUSTAINABLE DEVELOPMENT
  • 22. www.guygold.com 22 MINERAL RESERVES As at December 31, 2017 Category Quantity (kt) Grade (g/t Au) Ounces (k Oz) Proven OP Saprolite 108 0.73 3 OP Rock 4,569 2.75 404 Total Proven 4,677 2.70 406 Probable OP Saprolite 2,291 1.77 130 OP Rock 12,959 2.81 1,172 UG Rock 23,120 3.04 2,262 Total Probable 38,370 2.89 3,565 Total P&P 43,047 2.87 3,971 1. The CIM definitions were followed for mineral reserves. 2. Mineral Reserves are based on a gold price of US$1,200 per ounce, an 8% royalty and an average metallurgical recovery of 96.0% for saprolite and 94.0% for fresh rock material. 3. Open pit saprolite and rock reserves are reported at a cut-off grade of 0.44 g/t Au and 0.42 g/t Au for vein and upper saprolite material respectively. Open pit rock reserves are reported at a cut-off grade of 0.76 g/t Au and 0.64 g/t Au for vein and Rory’s Knoll rock material respectively. 4. Underground fresh rock reserves are reported at a cut-off grade of 1.5 g/t Au. 5. Mineral reserves are contained within mineral resources. 6. All figures have been rounded to reflect the relative accuracy of the estimates. Numbers may not add due to rounding 7. The mineral reserve estimate was prepared by Tysen Hantelmann, P.Eng. and Gord Doerksen, P.Eng of JDS Mining and both are a “qualified person” under National Instrument 43-101.
  • 23. www.guygold.com 23 MINERAL RESOURCES As at December 31, 2017 Category Quantity (kt) Grade (g/t Au) Ounces (k Oz) Measured OP Saprolite 108 0.73 3 OP Rock 4,728 2.91 442 Total Measured 4,836 2.86 445 Indicated OP Saprolite 1,404 0.93 42 OP Rock 20,901 2.60 1,747 UG Rock 30,060 3.91 3,780 Total Indicated 52,365 3.31 5,569 Total M + I 57,201 3.27 6,014 Inferred OP Saprolite 1,939 0.91 57 OP Rock 2,581 1.93 161 UG Rock 11,810 4.12 1,560 Total Inferred 16,330 3.39 1,777 1. The CIM definitions were followed for mineral resources. 2. Mineral resources are inclusive of mineral reserves. Mineral resources are not mineral reserves and do not have demonstrated economic viability. 3. All figures have been rounded to reflect the relative accuracy of the estimates. Number may not add due to rounding. 4. Open pit mineral resources are reported at a cut-off grade of 0.30 g/t for Saprolite and 0.40 g/t for Fresh rock respectively, and underground mineral resources are reported at a cut-off grade of 1.8 g/t. Cut-off grades are based on a price of US$1,300 per ounce of gold and a gold recoveries of 97 percent for saprolite and 94.5 percent for fresh material. 5. Mineral resources have been adjusted using the 2017 EOY topography, to account for open pit mining to date, and include ore stockpile inventories as of EOY 2017. 6. The qualified person is not aware of any mining, metallurgical, infrastructure, permitting, or other factors that could materially affect the mineral resource estimates. 7. The mineral resource estimate for Rory’s Knoll was prepared under the supervision of Tim Maunula, of T. Maunula & Associates Consulting Ltd. Mr. Maunula is a “qualified person” under NI 43-101 and is independent of the Company. The mineral resource estimate for the satellites was prepared under the supervision of Daniel Noone of Guyana Goldfields Inc. Mr. Noone is a “qualified person” under National Instrument 43-101.
  • 24. www.guygold.com 24 Optimized LOM Mine Plan: Highlights Comparison (1) This is a non-IFRS measure. Refer to non-IFRS Performance Measures section (2) Royalty decreases from 8% to 5% at gold prices at and below US$1,000/oz Description (@ US$1,200 gold price) 2018 LOM Plan 2017 Updated  FS Ore tonnes (Mt) 43.0 34.7 Average grade (Au g/t) 2.87 3.00 Process recovery (%) 94.8 93.8 Payable gold (Moz) 3.8 3.1 Annual gold production (2018‐2022 koz) 270 242 Mine Life (years) 16 14 AISC ($/oz)¹ 797 745 Post‐tax NPV5% (M$) 898 821 Financials @ 5%  Discount Rate $1,000/oz gold price² $1,100/oz gold price $1,300/oz gold price $1,400/oz gold price Pre‐tax NPV ($mlns) 722 891 1,393 1,645 Post‐tax NPV ($mlns) 588 713 1,081 1,264 Source: Optimized Life of Mine Plan – Press Release February 20, 2018
  • 25. www.guygold.com 25 Optimized LOM Plan OPEX 1 This is a non-IFRS measure. Refer to non-IFRS Performance Measures section. Description Unit 2018 LOM 2017 Updated FS OP Mining $/tonne mined 2.20 2.09 RK UG Mining $/ore t mined 24.83 25.72 Satellite UG Mining $/ore t mined 48.35 50.82 Processing $/t processed 16.06 14.25 G&A $/t processed 9.12 8.67 Operating Cash Cost¹  (w/ royalty) $/oz 627 613 Operating Cash Cost¹  (excl. royalty) $/oz 531 517 AISC¹ $/oz 797 745 Source: Optimized Life of Mine Plan – Press Release February 20, 2018
  • 26. www.guygold.com 26 OPEN PIT TONNES MINED BY SOURCE  ‐  10  20  30  40  50  60  70  80  ‐  5  10  15  20  25  30 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Mining Rate (ktpd) Material Mined (Mtonnes) OP Material by Source RK AH AN WH MK tpd Source: Optimized Life of Mine Plan – Press Release February 20, 2018
  • 27. www.guygold.com 27 UG MATERIAL BY SOURCE  ‐  1.0  2.0  3.0  4.0  5.0  6.0  ‐  0.5  1.0  1.5  2.0  2.5 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Mined Grade (gpt) Material Mined (Mtonnes) UG Material by Source RK Development RK LH RK SLC MK AH RK‐EW LH Grade Source: Optimized Life of Mine Plan – Press Release February 20, 2018
  • 29. www.guygold.com 29 Annual LOM Production Profile Units Total/ Avg 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 OPEN PIT MINING Open Pit Ore ktonnes 19,022 2,579 3,078 1,553 2,317 1,976 1,098 820 684 1,039 1,096 957 822 684 320 Au Grade Mined gpt 2.74 2.62 2.90 2.89 2.80 2.74 3.09 2.61 2.86 2.03 2.93 2.44 1.78 3.99 2.20 Au Mined from Open Pit kounces 1,675 217 287 144 208 174 109 69 63 68 103 75 47 88 23 Open Pit Waste ktonnes 169,376 22,071 22,472 24,067 19,416 8,880 8,465 8,640 8,943 8,705 8,622 8,984 9,577 9,755 779 Open Pit Material Moved ktonnes 188,397 24,650 25,550 25,620 21,733 10,855 9,562 9,460 9,627 9,745 9,717 9,942 10,399 10,439 1,098 Strip Ratio 8.9 8.6 7.3 15.5 8.4 4.5 7.7 10.5 13.1 8.4 7.9 9.4 11.7 14.3 2.4 UNDERGROUND MINING Ore Mined - Rory's Knoll ktonnes 20,537 347 554 1,332 1,506 1,714 1,725 1,714 1,720 1,738 1,707 1,704 1,748 1,677 1,349 Au Grade Mined gpt 2.92 4.76 4.24 3.85 2.93 2.88 3.25 3.43 3.05 2.50 2.38 2.34 2.31 2.69 2.74 Au Mined from Rory's Knoll UG koz 1,925 53 76 165 142 159 180 189 169 140 131 128 130 145 119 Ore Mined - Satellites koz 2,583 140 420 562 285 67 165 181 209 205 205 144 Au Grade Mined gpt 4.06 3.41 4.98 3.66 3.23 2.97 4.72 4.64 3.90 4.07 3.77 4.93 Au Mined from Satellites UG koz 337 15 67 66 30 6 25 27 26 27 25 23 Total Au Mined koz 3,937 217 302 265 350 368 257 227 243 257 272 240 205 242 179 170 142 PROCESSING Tonnes Milled ktonnes 43,047 2,355 2,738 2,745 2,738 2,738 2,738 2,745 2,738 2,738 2,738 2,745 2,738 2,738 2,738 2,745 2,337 Throughput Rate tpd 7,400 6,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 6,400 Mill Feed Average Grade gpt 2.87 2.91 3.12 3.30 3.48 3.70 3.01 2.87 3.12 2.95 3.07 2.70 2.37 2.83 2.14 2.15 2.11 Recovery % 94.8% 92.1% 95.4% 95.6% 95.8% 96.1% 95.2% 95.0% 95.4% 95.1% 95.3% 94.6% 93.9% 94.9% 93.3% 93.3% 93.1% Total Au Recovered kounces 3,767 203 262 278 294 313 252 240 262 247 258 226 196 236 176 177 148 Source: Optimized Life of Mine Plan – Press Release February 20, 2018
  • 30. www.guygold.com 30 Annual LOM Cost Profile Units Total/ Avg 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 FINANCIALS Revenue $mlns 4,508 243 314 333 352 374 302 288 313 295 309 270 235 283 211 211 177 NSR Royalty (8%) $mlns 361 19 25 27 28 30 24 23 25 24 25 22 19 23 17 17 14 Site Operating Costs $mlns 1,989 92 100 118 141 121 126 129 130 135 137 138 139 146 119 113 108 Sustaining Capital $mlns 295 9 21 34 29 16 14 19 21 16 12 15 17 26 21 16 10 Deferred Stripping $mlns 138 36 28 37 11 5 2 4 6 - - 3 4 2 - - - Expansion Capital $mlns Mill Expansion $mlns 13 13 - - - - - - - - - - - - - - - UG Mining $mlns 151 19 73 17 - - - - - - 20 21 - - - - - Other $mlns 3 3 - - - - - - - - - - - - - - - Total Capital Costs $mlns 599 79 122 88 41 20 16 22 27 16 32 40 21 28 21 16 10 Total Site Costs $mlns 2,950 190 247 232 210 171 166 174 182 175 193 200 178 196 157 147 132 AISC $mlns 3,002 170 188 229 223 185 180 188 196 188 187 192 191 210 171 160 145 Pre-tax Cash Flow $mlns 1,567 50 61 98 140 204 138 112 128 120 113 70 57 82 60 64 46 NPV (5%) (pre-tax) $mlns 1,142 Tax $mlns 348 1 7 6 24 50 33 30 35 33 32 20 14 23 14 16 11 NPV (5%) (after tax) $mlns 898 Operating Cash Cost¹ $/oz 531 455 385 425 483 389 501 540 498 551 532 614 710 618 679 645 732 Operating Cash Cost (incl Royalty)¹ $/oz 627 551 481 521 579 485 597 636 594 647 628 710 806 714 775 740 828 AISC¹ $/oz 797 836 717 821 761 592 713 783 747 764 723 851 977 886 970 907 985 Source: Optimized Life of Mine Plan – Press Release February 20, 2018
  • 31. www.guygold.com 31 BOARD & SENIOR OFFICERS Alan Ferry Director  Geologist that has been Involved in the investment industry for over 28 years as a mining analyst and a mining corporate finance specialist. Patrick Sheridan Jr. Founder, Director  Over 25 years of experience in the mining industry  Has actively explored in Guyana since 1996 and is the founder of Guyana Goldfields and lead the discovery of the Aurora and Sulphur Rose deposits Scott A. Caldwell President & CEO and Director  Mining engineer with 35+ years experience building and operating gold and base metal mines worldwide  Former President, CEO and Director of Allied Nevada Gold Corp. from 2006 - 2013 Michael Richings Director  40+ years of development and operational experience in the resource sector. Mr. Richings is currently the Chairman of the Board for Vista Gold, where he also served as CEO from 2007 to 2012 Rene Marion Non Executive Chairman, Director  25+ years of diversified management and senior technical experience with resource industry expertise in operations, mineral exploration, and mine development, along with a successful history of corporate development. Wendy Kei Director  Chartered Professional Accountant and previously served as CFO of Dominion Diamond Corporation (formerly Harry Winston). Jean-Pierre Chauvin Director  40+ years of combined experience in mining operations and construction management. David Beatty Director  25+ years of financial capital markets and resource management experience. Daniel Noone VP, Exploration  Over 25 years of experience of international mineral exploration and development  Former VP of Peru for Aquiline Resources Paul J. Murphy Executive VP, Finance & CFO  Over 40 years of financial experience and former Head of PricewaterhouseCoopers LLP Western’s World Mining Practice
  • 32. www.guygold.com 32 Scientific and Technical Information The compilation of the Optimized LOM Plan was completed by Tysen Hantelmann, P.Eng. and Gord Doerksen, P.Eng of JDS Mining. By virtue of their education, membership to a recognized professional association and relevant work experience, Tysen Hantelmann and Gord Doerksen are independent Qualified Persons as defined by National Instrument 43-101 and have reviewed, approved and verified the technical content of this news release. The mineral reserve estimates were prepared under the supervision of Tysen Hantelmann, P.Eng. and Gord Doerksen, P.Eng of JDS Mining. Mr. Hantelmann and Mr. Doerksen are a “qualified person” under NI 43-101 and is independent of the Company. The mineral resource estimate for Rory’s Knoll was prepared under the supervision of Tim Maunula, of T. Maunula & Associates Consulting. Mr. Maunula is a “qualified person” under NI 43-101 and is independent of the Company. The mineral resource estimates for the satellite deposits was prepared under the supervision of Danial Noone of Guyana Goldfields Inc. Daniel Noone is a “qualified person” under National Instrument 43-101 and has also reviewed the contents of this press release. Securities Laws This presentation does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such would be prohibited. This presentation is not an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities referred to in this presentation will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws. The information contained in this presentation does not and is not intended to constitute a "valuation," "formal valuation," "appraisal," "prior valuation," or a "report, statement or opinion of an expert" for purposes of any securities legislation in Canada or otherwise. Currency Unless otherwise indicated, all dollar values herein are in United States dollars. SCIENTIFIC, TECHNICAL AND SECURITIES INFORMATION
  • 33. www.guygold.com 33 Jacqueline Wagenaar VP, IR & Corporate Communications Tel: (416) 628 5936 x.5295 Email: jwagenaar@guygold.com