Guyana Gold

1. August 2016
A SCARCE ASSET IN A TRUE
MINING DISTRICT

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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
includes are 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, 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

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 Cash position of US$102M vs. debt of US$143M as at August 10, 2016
 +20% CAGR production growth 2016 to 2018
 Potential for further growth via mill expansion from 5,000 – 8,000 tpd (study underway)
Organic Growth
 High grade ~200 koz/yr Au producer with +16 years reserve life at a conservative US$1,000
gold price
 Simple metallurgy and mine plan, positive grade reconciliation to date
 Exceptional free cash flow generation – US$30M generated in H1 2016
A Scarce Asset
 No by-products
 Minimal currency exposure
 Oil price hedged for the near term up to 2019
100% Pure Gold
Exposure
 +200,000 acre land package in highly prospective & underexplored greenstone belt
 5 drill ready targets within a 30km radius from Aurora Mill
District Potential
Strong Balance
Sheet
INVESTMENT HIGHLIGHTS

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Proven and Probable Reserves Grade – Precious Metals Only (g/t Au equivalent)
Source: Company filings and BMO Capital Markets
Note: Includes precious metals, converted to AuEq grade using LT pricing of US$1,250/oz Au and US$18.00/oz Ag when not converted by the company.
(1)
(2)
(3)
WHAT STANDS US APART? Aurora is a High Grade Gold Mine
3.4
2.9
2.7
2.3 2.2
1.7
1.5 1.3 1.3 1.2 1.0 1.0
0.8 0.7 0.7 0.6
0.4
Median: 1.3 g/t
SEMAFO
Guyana
Torex
Alacer
Primero
Alamos
OceanaGold
B2Gold
IAMGOLD
Eldorado
Tahoe
Detour
New Gold
Kinross
Centerra
Silver Standard
Yamana

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Source: Company filings and BMO Capital Markets
Date: As at 11-08-16
Note: Free cash flow calculated as operating cash flow less
capital expenditure plus development capital.
(3)
(1)
1H 2016 Free Cash Flow (US$/oz AuEq)
(4)
(2)
STRONG FREE CASH FLOW: Demonstrated in 1H 2016 Results
$417 $386 $327 $305 $302 $259 $209 $206 $197 $134 $74 $56 $51
($13) ($31)
($209)
nmf
Median: US$201/oz AuEq
Alacer
Guyana
SEMAFO
B2Gold
New Gold
Kinross
Yamana
OceanaGold
Detour
Silver Standard
Tahoe
Centerra
IAMGOLD
Alamos
Eldorado
Primero
Torex

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1H 2016 Corporate G&A Expense per Gold Equivalent Ounce (US$/oz AuEq)
Source: Company filings and BMO Capital Markets
Date: As at 11-08-16
Note: Corporate G&A expense includes stock based compensation; median excludes
Guyana.
(3)
RESPONSIBLE CORPORATE G&A SPEND
$45 $48
$82
$177
Guyana Lowest Peer Peer Median Highest Peer

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$346 $210 $149
($15) ($22) ($25) ($26) ($68) ($127) ($224) ($251) ($312) ($333) ($490) ($569)
($979)
($1,400)
Median: (US$127 mm)
Alacer
SEMAFO
Tahoe
IAMGOLD
Alamos
Silver Standard
Guyana
Primero
OceanaGold
Centerra
Detour
Torex
B2Gold
Eldorado
New Gold
Kinross
Yamana
7
Net Debt Position (US$ mm)
Source: Company filings, FactSet, and BMO Capital Markets
Date: As at 11-08-16
Net Debt / Equity (ratio)
STRONG BALANCE SHEET
(0.54x)
(0.30x)
(0.05x)
0.01x 0.01x 0.03x 0.09x 0.10x 0.10x 0.14x 0.14x 0.23x 0.25x 0.27x 0.28x 0.28x
0.49x
Median: 0.10x
Alacer
SEMAFO
Tahoe
IAMGOLD
Alamos
Silver Standard
Guyana
OceanaGold
Primero
Detour
Eldorado
Kinross
B2Gold
New Gold
Centerra
Yamana
Torex

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1. This is a non-GAAP measure. Refer to non-GAAP Performance Measures section in the MD&A.
8
140-160koz at US$670-US$720 AISC¹ (@$1,250 gold price)
73,300 32,100Gold Production (oz)
29.9M 11.6MFree Cash Flow ($M)
524 524
Cash Cost¹ ($/oz sold)
pre-royalty
753 729AISC¹ ($/oz sold)
608 644Profit margin ($/oz sold)
2016 Guidance
2H 2016 HIGHLIGHTS: An Impressive Start
H1 2016 Q2 2016

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LOOKING FORWARD: Optimization and Cost Reduction
Cost reductions expected 2H 2016 by:
 Mining higher grade ore at Rory’s Knoll
 Transition from rental equipment to
Company owned fleet
 Reduce third party labour costs as the mill
stabilizes
 Reduce reagent costs in the leaching and
detoxification circuits
 Transition to bulk explosives

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CURRENT MINE PLAN TO DELIVER +20% CAGR PRODUCTION GROWTH:
0
50
100
150
200
250
2016 2017 2018
ProjectedGoldProduction
(koz)
STRONG ORGANIC GROWTH
POTENTIAL FOR FURTHER GROWTH BEYOND THIS:
1. Mill Expansion:
• Study underway on 2017 mill expansion from 5,000 tpd to 8,000 tpd – results expected Q4 2016
• Major plant components built for 10,000 tpd throughput rate resulting in lower expansion capital
2. Sulphur Rose – “A Second Mine In the Making”:
• 23 km from Aurora Mine
• Resources: M&I – 277,580oz @ 1.04 g/t Au, Inf – 289,250oz @ 1.42g/t Au
• Infill drilling planned 2H16
*Chart does not include resources from mill expansion or Sulphur Rose

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RESERVE / RESOURCE GROWTH:
1. Further Infill Drilling:
• Upgrading of near-surface inferred resources
• Between Aleck Hill and Mad Kiss to test continuity of mineralized zones
2. Saprolite targets near the Aurora Mill within trucking distance
3. Revised Ore Reserve Metal Price:
• Current reserves run at US$1,000 gold price (Jan 2016)
• With Aurora’s high grade nature, a higher gold price materially increases open pit ounces & defers
the underground mine plan
• Updated ore reserve at a higher gold price expected Q4 2016
RESERVE/RESOURCE GROWTH POTENTIAL:
Within the “Golden Square Mile” of the Aurora Mine

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ORGANIC GROWTH POTENTIAL:
Further Infill Drilling Targeted Within The “Golden Square Mile”
Cross section found on pg. 13

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ORGANIC GROWTH POTENTIAL:
Further Infill Drilling Within The “Golden Square Mile”
Cross Section

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GUIANA SHIELD: Known Gold Region

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CUYUNI BASIN: A TRUE MINING DISTRICT: Looking for Mine #2
• 1 Operating Gold Mine
• 4 Drill Discoveries
• 5 Drill Ready Targets
• 1,200 square km land package
• Long history of artisanal mining
• Highly prospective greenstone belt
Looking for Mine #2

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BROWNFIELDS EXPLORATION: Powis Hill and Gold Creek
• Near surface, high
margin saprolite
targets
• Same NE trending
structure as
Aurora
• Close proximity to
Aurora mill

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BROWNFIELDS EXPLORATION: Iroma and Marupa
Aurora (4 km south)
Iroma:
• Never been drilled
• Drill ready
• Largest geochem
anomaly
• Best sediment
samples to date
• Same NE trending
structure as
Aurora
• Close proximity to
Aurora mill
Marupa:
• Drill ready
• Artisanals mined
off saprolite
• Same NE trending
structure as
Aurora
• Close proximity to
Aurora mill

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GREEFIELDS EXPLORATION: Wynamu
• Previous access
with helicopter
support
• Newly constructed
road now available
allowing for cost
effective access
• Drill ready

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 Program currently being ramped up significantlyExploration
 Results expected to be released in Q4 2016Mill Expansion
Results
 Results expected to be released in Q4 2016Revised Ore
Reserve
 Cost reductions expected for H2 2016Mine
Optimization
UPCOMING CATALYSTS

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APPENDIX

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Symbol: TSX: GUY
Total Shares Outstanding 167,687,477
Options 7,154,171
Warrants 0
52 week: Hi/Lo C$10.35 / C$2.48
Market Cap (at C$ 9.30) C$1,560 million
Cash Position (August 10, 2016) US$102 million
Debt (June 30, 2016) US$143 million
Top 10 Shareholders Shares %
The Baupost Group 20.6M 12.3%
Van Eck 17.9M 10.7%
Franklin Resources (Templeton) 10.0M 6.0%
Patrick Sheridan Jr. (Founder) 6.0M 3.6%
Sun Valley Gold 4.9M 2.9%
Fidelity Investments 4.4M 2.6%
Oppenheimer 3.8M 2.4%
IFC (World Bank Group) 3.5M 2.3%
M&G Investments 3.0M 1.9%
American Century 2.0M 1.2%
CORPORATE SNAPSHOT

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0
500
1,000
1,500
2,000
2,500
3,000
3,500
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Thousand Tonnes Per Year
Years
UG FRESH DF OP SAP S/P
OP FRESH S/P OP FRESH DF
OP SAP DF
LOM ORE MILLED
Source: January 2016 NI-43 101 Technical Report

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 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:
 30% with no withholding tax on interest payments
MINING FRIENDLY JURISDICTION & GOVERNMENT

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Road Access to
Aurora
LOGISTICS & INFRASTRUCTURE

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AERIAL PHOTO - MILLING AND POWER PLANT

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RORY’S KNOLL OPEN PIT

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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:
 523 full-time employees
 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

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SIMPLE METALLURGY

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Gold Price $1,000/oz Quantity (kt) Grade (g/t) Contained Gold (koz)
Proven Reserves
O/P Saprolite 18 3.10 2
O/P Fresh 4,939 3.12 495
Stockpile 120 1.73 7
Total Proven 5,077 3.09 504
Probable Reserves
O/P Saprolite 3,265 1.98 208
O/P Fresh 8,963 2.88 829
U/G 14,904 3.13 1,502
Total Probable 27,132 2.91 2,539
Total P & P Reserves¹ 32,208 2.94 3,042
Gold Price $1,300/oz Quantity (kt) Grade (g/t) Contained Gold (koz)
Measured & Indicated Resources
O/P 32,500 2.64 2,750
U/G 30,060 3.91 3,780
Total M&I Resources 62,560 3.25 6,530
Inferred Resource
O/P 5,080 1.54 250
U/G 11,810 4.12 1,560
Total Inferred Resource 16,890 3.33 1,810
Mineral resources that are not
mineral reserves do not have
demonstrated economic
viability. The cut-off grades for
open pit are 0.5 g/t Au and 1.2
g/t Au for underground. Mineral
resources were calculated
using a gold price of
US$1,300/oz.
(1) CIM definitions were followed for
Mineral Reserves.
(2) Mineral Reserves are estimated
using a gold price of US$1,000/oz,
5% royalty and an average
metallurgical recovery of 97.0% for
saprolite and 94.4% for fresh rock
material.
(3) Mineral Reserves are based on a
cut-off grade of:
Open Pit Vein saprolite cut-off grade
of 0.43 g/t Au - Upper saprolite cut-off
grade of 0.41 g/t Au
Open Pit Fresh rock cut-off grade of
0.75 g/t Au - Fresh rock Rory’s Knoll
cut-off grade of 0.64 g/t Au
Underground 1.62 g/t Au.
(4) Mineral Reserves include:
Open pit: ore loss of 5% and dilution
of 4% to 23% at 0.1 g/t Au.
Underground: ore loss of 12% and
dilution of 21% at 1.43 g/t Au.
(5) Totals may not add due to
rounding
MINERAL RESERVES & RESOURCES

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Geological Description
 Rory's Knoll mineralization: disseminated pyrite and gold mineralization associated with intense silica-fuchsite-
sericite-carbonate alteration in tonalite intrusive probably emplaced at the hinge of the folded volcanic rock and
metasediments.
 Mad Kiss mineralization: disseminated pyrite and gold mineralization associated with intense silica-fuchsite-
sericite-carbonate alteration in a quartz feldspar porphyry dyke.
 Aleck Hill mineralization: mesothermal gold veins hosted in the shear zones of metavolcanic and
metasedimentary rocks; occurs in a zone of pyrite-rich quartz-carbonate veins in volcanic rocks that are enclosed
in an alteration envelope which reportedly includes silica-sericite and calcite cement filling fractures.
GEOLOGY

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BOARD & SENIOR OFFICERS
Alan Ferry
Lead 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, Executive
Chairman and 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 30+ 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
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
Director and
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

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Scientific and Technical Information
The qualified person for the mineral resource and reserve estimates and other scientific and technical information herein are as follows:
Scott Wilson, CPG, Glen Cole, P.Geo. Jarek Jakubek, C.Eng., John Lambert, P.Geo., D Erik Spiller, MMSA and Richard Tocher, P.E,
(the “QPs”) who are independent of the Company and have approved the contents of this presentation. The qualified person for the other
scientific and technical information in this presentation, is Daniel Noone, BApSci (Geo), MBA, and has approved the contents of this
presentation.
Technical and scientific information contained herein, including the mineral resource and reserve estimates relating to the Aurora Gold
Project is derived from the “AGM Inc. Aurora Gold Project - Updated Feasibility Study” dated January 18, 2016 (the “Technical Report”).
We have filed the Technical Report under our profile at www.sedar.com. For details of the data verification procedures employed by the
QPs and the key assumptions, parameters and methods used to estimate the mineral resource and mineral reserve estimates, please
see the Technical Report. For information about known legal, political, environmental, or other risks that could materially affect the
potential development of the mineral resources or mineral reserves, please see the Technical Report.
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

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