- The document is a corporate presentation by Frasergold Taurus that outlines its experienced management team, three advanced gold projects in British Columbia, and goals to become British Columbia's next gold producer. - Key assets include the high-grade Table Mountain deposit with an NI 43-101 resource estimate and permitting to begin 270 tpd production in late 2009, the Taurus deposit with open pit potential, and the Frasergold deposit. - Exploration plans for 2009 include over 8,000 meters of drilling at Table Mountain and Cassiar region targets, and advancing the Taurus deposit towards small production.

1. Experienced Management Infrastructure Frasergold Taurus Permitted Table Mountain Building British Columbia’s Next Gold Producer Corporate Presentation May 2009

3. Share Structure Issued and Outstanding 73,912,347 Stock Options ($0.60 - $3.04) 4,291,016 Warrants ($0.30 - $2.25) 17,223,591 Fully Diluted 95,426,954 Insider Ownership 4,362,900 (5%) American Bonanza Gold Corp. 6,750,000 (9%) Institutional Ownership ~25,000,000 (26%) Market Capitalization (as at May 1, 2009) ~$20M

5. Experienced Management Team Michael Beley Chairman and Director 40 + years experience in senior executive roles in mining industry; f ormer co-founder, VP & Director of Eldorado Gold Corp.; former co-founder, VP & Director of Bema Gold Corp.; co-founder of Polaris Minerals; and former Director of Nevada Pacific Gold Peter A. Ball VP Corporate Communications 20+ years mining, brokerage, marketing/communication and technical experience; previous roles with Eldorado Gold, Echo Bay Mines, Hudson Bay Mining and Smelting ltd., RBC Dominion Securities; graduate of Haileybury School of Mines and Georgian Business School Richard Barclay President, CEO and Director 40+ years experience in senior executive roles in financial sector; former f ounding CEO, President, & Director of Eldorado Gold Corp.; former co-founder, CFO and Director of Bema Gold Corp.; and former President, CEO & Director of Nevada Pacific Gold Michael Petrina VP Mining 25+ years experience in senior management , operational and consulting roles for such companies as Adanac Molybdenum Corporation, Pan American Silver Corporation, Miramar Mining, TVX Gold, and Kilborn Engineering Pacific Ltd.; B.Sc. Engineering, P.Eng and MBA Patrick McGrath CFO 10+ years of finance and merger experience related to precious metals acquisitions; provided senior management consulting roles for CDN and US public companies; holds Certified General Accountant designation Marlin Murphy Manager of Environmental and Governmental Affairs Over 25 years of environmental and government relations experience; previous senior management positions with EBA Engineering, Compliance Energy Corporation, Barrick Gold Corporation, Homestake Mining and Cassiar Mining Corporation

6. Technical Team and Advisors John Dadds Exploration Manager 30+ years experience in gold exploration; held positions of increasing responsibility with Corona Corp., Homestake Mining, Barrick Gold; successes include the co-discovery of Hemlo gold deposit and the exploration and mining of the Eskay Creek gold deposit David Rhys Board Advisor Principal of Panterra Geoservices Inc.; specializes in the application of structural geology techniques to the assessment of mineral deposits; has extensive experience in the evaluation of gold deposits at all phases of development Dr. John-Mark Staude Board Advisor 20+ years of international exploration experience in precious and base metals; held various positions of increasing responsibility with Kennecott, BHP Billiton, and Teck Cominco Bernard Kahlert Director 35+ years of international exploration experience primarily focused on gold and base metals; held various positions with mining companies in Australia, United States and Canada; graduate in Geology and P.Eng Jack McClintock Board Advisor/Consultant 30+ years experience in all facets of the mineral exploration business; held various positions of increasing responsibility with Rio Algom, Billiton and BHP Billiton, the last being Global Exploration Manager with BHP Billiton; graduate degrees in Geology and MBA Dale A. Sketchley Director 30 + years experience encompassing all phases of exploration, QAQC, geological modelling and resource evaluation; Mr. Sketchley has been involved Ivanhoe Mines, Union Minié, Chevron, Denison, Erickson Gold, Cooke Geological, MineQuest, and Placer Dome

7. British Columbia – A Pro Mining Province Frasergold Deposit Taurus Deposit Table Mountain Deposit Cassiar Gold District Cariboo Gold District

11. NI 43-101 Mineral Resource Estimate 2009 Resource Target Opportunities *Update of Technical Report on the Table Mountain Property, Liard Mining District, BC on the Table Mountain Property prepared by Beacon Hill Consultants (1988) Ltd. - June 1, 2008. For 68.57 g/tonne cut values, individual assays greater than 68.57 g/tonne Au are cut to 68.57 g/tonne Au. ** An updated NI 43-101 report (Wardrop Engineering Inc. – Updated Resource Report on the Taurus Deposit – Liard Mining District, BC - dated March 11, 2009) regarding the Taurus Property is available on www.sedar.com. Taurus NI 43-101 resource estimate conversion equates to 33.055 million tonnes at 0.99 g/t Au. This uses a cut-off grade of 0.50 g/t Au. Underground Surface East Bain Mine Area Taurus Deposit – High Grade Zones for potential mill feed Cusac Mine Area Pete, Vollaug, Gap, Bear, other Main Mine Area Regional Cassiar Gold Camp Indicated Inferred Tonnes Grade g/t Contained Au Tonnes Grade g/t Contained Au Kg Oz Kg Oz East Bain* 20,101 21.21 426.37 13,708 1,158 68.57 79.38 2,552 Taurus** - - - 33,055,000 0.99 32,829.72 1,055,500 Total 20,101 21.21 426.37 13,708 35,701,276 1.00 32,909.10 1,058,052

15. Cassiar Gold Camp 2008 Progress & Q1 – Q4 2009 Development Plan Sept Table Mountain Access / Surveying / UG Rehab. 2008 2009 Oct Nov Dec Q3 Q1 Q2 Resource Modeling Diamond Drilling Taurus Resource Modeling / Expansion Minesite Camp / Site Prep / Equip. / Misc. Mill Rehab./Maintenance/Prep. Eng./Mine Planning/Development GIS Data Compilation Q4 Metallurgical Study Bulk Sample Diamond Drilling Infrastructure Resource Development Bain