1. Abzu Gold: a new direction in Africa
October 2012

2. Disclaimer
This document has been prepared for informational purposes only and does not constitute or form part of an offer or invitation for the sale or
purchase of securities of the businesses or assets described in it. Certain statements contained in this document, including, without limitation,
those concerning the economic outlook for the mining industry, expectations regarding metal prices and production, the completion and
commencement of commercial operations of certain of Abzu Gold Ltd. (Abzu) projects, and its liquidity and capital resources and expenditure,
contain certain forward-looking statements regarding Abzu’s economic performance and financial condition.
Although Abzu believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a
result of, among other factors, changes in economic and market conditions, success of business initiatives, changes in the regulatory environment
and other government actions, fluctuations in metal prices and exchange rates, and business and operational risk management. Investors are
cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Past performance is no
guide to future performance.
All investors are advised that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. Past performance is
no guarantee of future performance and all investors are urged to consult their investment professionals before making an investment decision.
Investors are further cautioned that past performance is no guarantee of future performance
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this presentation, which has
been prepared by management. There can be no assurance that any of the assumptions in the resource estimates will be supported by a Pre-
feasibility or Feasibility Study or that any forward looking event will come to pass. The data is incomplete and considerable additional work will be
required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment.
The information contained in this document is not intended to be viewed by, or distributed or passed on (directly or indirectly) to, and should not be
acted upon by any class of persons (in particular those classified as Retail for FSA purposes) other than Investment Professionals, Certified High
Net Worth individual/companies and Sophisticated Investor. Non retail investors are not afforded with the same level of regulatory protections as
those classified as Retail. It is the responsibility of all users to be informed and to observe all applicable laws and regulations of any relevant
jurisdiction, and to satisfy themselves that their use of this information and any subsequent investment related activity is permissible under the
applicable laws, rules and regulations of any applicable government, governmental agency, or regulatory organization where they reside
Abzu undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances
after the date of the annual report. All subsequent written or oral forward-looking statements attributable to Abzu or any person acting on its behalf
are qualified by the cautionary statements herein.
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3. Introduction: Abzu Gold Ltd.
Listed on TSX-V, OTCQX and Frankfurt
Main office in Vancouver, regional office in Accra, Ghana
Strong, experienced management team
World-class asset potential
Capital Structure
Shares outstanding 59,179,485
Options 5,825,000
Warrants 200,000
Fully Diluted 65,204,485
Market Cap (at 1/10/12) C$7mn
Cash (at 1/10/12) ~C$0.3mn
Debt (at 1/10/12) 0
Management ownership 15%
TSX-V ticker ABS
C$
Source: Abzu Gold
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4. Why Abzu?
Exploring and developing gold assets in Ghana
Quality jurisdiction for gold exploration and mining
High potential properties
Two potential multi-million ounce gold deposits
In total 16 concessions
Drill targets established on all properties
Aggressive exploration
Focus on easiest-to-advance resource opportunities
Focus on targets with simple geology and regional analogues
Relationships and know-how
Strong in-country presence over several years; well cultivated
dialog with national and local leaders
Joint Venture (JV) with Kinross
Team with proven geological and mine development expertise
globally and in Ghana
Source: Abzu Gold
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5. Abzu partners
Kinross Gold Corporation (Nangodi JV partner - 49% Kinross / 51% Abzu + operational control)
One of world’s premier gold mining companies
Successful operating history in Ghana with the Chirano gold mine
2P reserves of 1.9mn ounces gold
2012 production estimated at approximately 500,000 ounces gold
Financially robust partner
Experienced mine developer
Source: Kinross, Stonehouse, Abzu Gold
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Stonehouse Construction (Strategic development partner*)
Deep management know-how in engineering and constructing natural resource projects worldwide
EPCM contractor to provide turn-key services and mine operation
Ability to provide off-balance sheet financing solutions to build a mine at Nangodi to both lower
future shareholder dilution at Abzu and to lower the overall up-front capex needed to become
operational
*Stonehouse strategic partnership announced July 23, 2012 is subject to final approval by both
Stonehouse and Abzu, as well as Abzu shareholders and TSX Venture Exchange approval

6. Why Ghana?
Over 50mn ounces of gold discovered in the
last decade
Long history of gold production, yet
country remains underexplored and
possesses highly prospective geology
Strong mining culture
Gold mining since ancient times
Small-scale mining prevalent across the
country
Current gold mining operators include:
AngloGold Ashanti, Newmont, Kinross,
Goldfields, Endeavour and multiple juniors
Stable parliamentary government
English-based legal system
5% state royalty, 25% profit tax, 10%
carried interest in mine
Source: Abzu Gold
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7. Nangodi gold deposit
Nangodi – project within an emerging >100km gold
bearing belt with characteristics similar to the Ashanti
belt
1930’s high grade production averaged 26 grams per
ton (g/t) from over 25,000 tons
Youga gold mine in Burkina Faso only 25km away on
same shear zone (Endeavour Mining, 1.0mn oz gold
M&I, production 90,000 oz/yr)
Nangodi and Yameriga concessions are a 51/49% JV
with Kinross (formerly Red Back), Abzu has operational
control
Source: Abzu Gold
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8. Nangodi gold deposit – advancing to maiden resource
Potential multi-million ounce gold deposit
1.2km x 60m x +200m drill tested
27 Abzu drill holes, 31 Africwest holes
Multi-metre high grade zone
Gold associated with sheared quartz-
feldspar porphyry
Legend for drill results; example 3m@17.93 = three meters of drill core that has produced a laboratory result of 17.93 grams of gold per ton of material. Au is the atomic symbol for gold, g/t is the abbreviation for
gram per ton. Africwest information is historic in nature and is not 43-101 compliant. A Qualified Person has not reviewed drilling or sampling procedures or QA/QC undertaken at the time of drilling. However, Abzu
has no reason to doubt the validity of the information. Source: Abzu Gold
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9. Nangodi gold deposit – strong drill results
Core shack with Nangodi drill core. Source: Abzu Gold
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10. Nangodi work program for 2012-2013
Advance Nangodi discovery
Q1, 2012 - Ground geophysics
Q2, 2012 - Surface sampling and trenching
Ongoing geological mapping
Q4, 2012 - phase 2 step-out drilling ≥ 5,000m
(~30 reverse circulation and diamond drill holes
150m - 200m depth)
Drill to determine viability of multi-million ounce
resource
Q1, 2013 - Undertake resource evaluation,
expected news release by end Q1, 2013
Source: Abzu Gold
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11. Nangodi future expansion - satellite deposit - Zupeliga
Source: Etruscan Resources, Abzu Gold. This information is historic in nature and is not 43-101 compliant. A Qualified Person has not reviewed drilling or sampling procedures or QA/QC undertaken at the time of
drilling. However, Abzu has no reason to doubt the validity of the information.
Zupeliga area to the SW
of Nangodi main discovery
High Au signature soil
geochemical anomaly
21m@2.31g/t Au,
18m@3.35 g/t,
19.5m@1.24g/t Rotary Air
Blast (RAB) drilling results by
Etruscan Resources in 2007
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12. Nangodi conditions
Excellent conditions and
infrastructure in place
Power lines on site, trunk power line
runs past site to export electricity to
Burkina Faso (Youga mine is customer)
Paved, maintained road runs through
site
Local work force engaged by Abzu in
field work, eager for asset development
Local miners hand dig high- grade
zones that outcrop at surface
Little or no saprolite simplifies
exploration
Clockwise from upper left: Power line on site, local works digging trench, surface outcrop mined by locals, drill core photo,
paved road running through site,
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13. Asafo
Road to Asafo. Source: Abzu Gold
152 km2 along the eastern margin of Kibi Belt
Abzu owns 100%
Newmont 2003 drilling and surface sampling
returned numerous mineralized intercepts,
including:
10m @ 1 g/t Au
1m @ 32 g/t Au
2011 completed work:
Aerial geophysical survey
Surface sampling program
13 hole 2,179m diamond drill program
Solid power and road infrastructure in place at
site
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14. Asafo – multi-million gold ounce potential
T2
T3
New discovery at Target 1
20m @ 4.72 g/t gold (ASDD008)
1,100m x 600m gold zone discovered on
Target 1
3 new targets with coincident surface
anomalies and magnetic features and soil
anomalies
Note that ppb is the abbreviation for parts per billion. Source: Abzu Gold
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15. Asafo drill results and work program for 2012-2013
Drill Hole
Number
From
metres
To
metres
Interval
metres*
Grade
g/t gold
ASDD_001 1.00 3.00 2.00 1.29
95.50 115.50 20.00 0.67
including 95.50 106.50 11.00 0.97
148.50 168.50 20.00 0.41
ASDD_002 151.20 152.20 1.00 4.08
ASDD_003 98.50 110.50 12.00 0.85
ASDD_004 45.70 118.00 72.30 0.39
ASDD_005 0.00 30.00 30.00 0.60
ASDD_006 12.50 18.50 6.00 0.08
ASDD_007 66.90 70.30 3.40 0.60
ASDD_008 0.00 3.50 3.50 1.28
36.50 56.50 20.00 4.72
including 37.50 45.50 8.00 10.29
42.40 44.50 2.10 36.65
42.40 43.50 1.10 62.20
49.50 52.50 3.00 3.50
ASDD_009 0.00 16.50 16.50 0.15
58.00 68.00 10.00 0.17
ASDD_010 2.50 4.50 2.00 1.65
ASDD_011 9.50 10.50 1.00 1.37
82.63 84.63 2.00 1.07
ASDD_012 106.44 112.00 5.56 1.03
ASDD_013 82.60 96.40 13.80 0.44
including 88.90 92.00 3.10 1.30
* Insufficient drilling has been completed to determine true thickness
Advance Asafo discovery
Q4, 2012 – >1,000m trenching and surface
sampling
Q1+2, 2013 - Drill ≥ 4,000m (strike continuity and
step-out)
Drill to determine multi-million ounce resource
viability
Further test >60ppb soil anomaly area to expand
area of known mineralization
Asafo site and neighboring village sign. Source: Abzu Gold
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16. Asankrangwa concessions
Three concessions between and adjacent to
historic, operating and re-opening gold mines
PMI Gold and Keegan Resources developing
mines in immediate area
Extensive surface anomalies, 5km x 3km @ ≥
50ppb gold (Golden Reef)
100% Abzu owned
Location map of Asankrangwa concessions, photo of old Obotan pit reworked by locals. Source: Abzu Gold
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17. Multiple concessions – future growth
Total 16 concessions in Ghana, including
Nangodi, Asafo and Asankrangwa group
Akyem Area – Ashanti Gold Belt
Five JV concessions and two 100% owned
concessions
10m @ 8.8 g/t Au; KYRC075 (Kwahu Oda)
Trench intercepts up to 21m @ 3.71 g/t gold
(Amuanda Praso)
Akyem is Newmont’s major new mine
development globally, set to produce on
average 400,000 ounces gold per year for its
first five years of production starting in 2014
Sefwi Gold Belt
Four JV concessions along strike from
Bibiani and Ahafo Mines
Aircore intercepts up to 4m @ 5.87 g/t Au; ABAC142
(Abofour)
Source: Abzu Gold
Source: Previous concession operators and Abzu Gold. This information is historic in nature and is
not 43-101 compliant. A Qualified Person has not reviewed drilling or sampling procedures or
QA/QC undertaken at the time of drilling. However, Abzu has no reason to doubt the validity of the
information.
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18. Team - key personnel
Name Position Background
Tim McCutcheon CEO, Director A finance professional with over 16 years in international business experience, primarily in the precious metals
sector in Eurasia. Most recently he was CEO of Ovoca Gold PLC, a London-listed company with gold exploration
assets in Russia. Tim worked in multiple financial institutions such as Bear Stearns, Aton Capital and Pioneer
Investments as an award-winning metals and mining sector analyst and as an investment banker. He also was a
founder/partner of DBM Capital Partners Ltd, which managed the largest Russia-based gold fund, and was advisor
to multiple international and domestic precious metals companies active in Russia’s mining sector.
Paul Klipfel President 33 years of gold exploration leadership and project development in North America, South America, Australia, South
Pacific, Africa, and Asia working for major and junior explorers. He has been a contributor to the discovery process
on several major gold deposits including Las Cristinas, Venezuela (>12 Moz); Musselwhite, Ontario, Canada (>5
Moz); Esaase, Ghana (>5 Moz); Livengood, Alaska, USA (>10 Moz).
Gordon Neal Chairman Over 25 years experience in providing corporate finance and corporate governance services to public companies.
Currently VP Corporate Development at MAG Silver Corp. Previous advisor on corporate finance and investor
relations to West Timmins Mining. He has raised more than $400 million for mining and resources companies since
2004.
Jeff Pontius Director Over 30 years geological experience, he led the discovery and development team for Cripple Creek Deposit in
Colorado, which is operated by AngloGold Ashanti and now totals over 20 Moz gold. Founder of International Tower
Hill Mines which in 2007 discovered the Livengood gold deposit in Alaska which now totals nearly 20 Moz gold and
is proceeding to development
Mark Cruise Director In excess of 18 years of global experience in the mineral exploration industry from grass-roots exploration through
resource definition to production. Eight years employed by Anglo American PLC where he was responsible for the
company's exploration portfolio in Europe and North America. Dr. Cruise is the President and CEO of Trevali Mining
Corp. and is a director of Dorato Resources Ltd.
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19. Vancouver Office
Suite 2300 – 1177 West Hastings Street
Vancouver, BC, V6E 2K3
604-638-3288
Ghana Office
57 Lapaz Main Road
P.O. Box MS114, Achimota Accra
Tel: +233 302 416 891
Fax: +233 302 416 804
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