1. 1
PRODUCING
AND
EXPLORING
RBC CAPITAL MARKETS -
AFRICAN PRECIOUS METALS
CONFERENCE
MAY 21, 2013

2. 2
FORWARD LOOKING STATEMENTS
This presentation contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking
statements”). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or
achievements of Teranga, or developments in Teranga’s business or in its industry, to differ materially from the anticipated results, performance, achievements or
developments expressed or implied by such forward-looking statements. Forward-looking statements include, without limitation, all disclosure regarding possible
events, conditions or results of operations that are based on assumptions about future economic conditions and courses of action. Teranga cautions you not to place
undue reliance upon any such forward-looking statements, which speak only as of the date they are made. The risks and uncertainties that may affect forward-
looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, changes in economic conditions,
changes in the worldwide price of gold and other key inputs, changes in mine plans and other factors, such as project execution delays, many of which are beyond
the control of Teranga, as well as other risks and uncertainties which are more fully described in the Company’s Annual Information Form dated March 27, 2013, and
in other company filings with securities and regulatory authorities which are available at www.sedar.com. Forward-looking statements are based on management's
current plans, estimates, projections, beliefs and opinions, and, except as required by law, Teranga does not undertake any obligation to update forward-looking
statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Nothing in this presentation should be construed as
either an offer to sell or a solicitation to buy or sell Teranga securities.
This presentation is dated as of May 14, 2013. All references to the Company include its subsidiaries unless the context requires otherwise.
This presentation contains references to Teranga using the words “we”, “us”, “our” and similar words and the reader is referred to using the words “you”, “your” and
similar words.

3. 3
Ticker symbol TGZ: TSX/ASX
Shares outstanding (1,2) 245.6M
Share price (as at May 14, 2013) C$0.82
Market capitalization (as at May 14, 2013) C$201M
Profit 2012 US$79.9M
($0.33/share)
Cash position (3) (March 31, 2013) US$57.4M
Hedge balance 100% hedge free
Project finance outstanding (4) US$60M
Mining fleet loan facility (5) US$22.7M
1 As part of the demerger Mineral Deposits Ltd. retained 40M TGZ shares and received C$50M from the IPO proceeds
2 Stock options outstanding 17.1M.
3 Includes cash, cash receivable and $6.4 million of bullion receivable.
4 2-Year Project Finance Facility with Macquarie Bank – repaid on or before June 30, 2014
5 Outstanding under the new mining fleet finance loan facility with Macquarie Bank as at March 31, 2013
FOCUSED
ON GROWTH
THROUGH:
GROWING
RESERVES
GROWING
PRODUCTION
FINANCIAL
STRENGTH
CAPITALIZATION SUMMARY

4. 4
FOCUSED
ON GROWTH
THROUGH:
GROWING
RESERVES
GROWING
PRODUCTION
FINANCIAL
STRENGTH
RESULTS - Q1 2013
Production - 68,301oz. - 63% higher than Q1 2012
due to higher grade & higher throughput
Profit - $45.0M or $0.18/sh - compared to a loss
of $2.1M in Q1 2012
Op. Cash Flow - $23.6M - compared to $35.9M in Q1
2012, mainly due to delivery of 45koz.
into hedge
Cash Costs - $535/oz. - 18% lower than Q1 2012
while gross costs increased by 14% due
to higher mining and processing rates
Cash Balance(1) - $57.4M – 27% higher than FYE 2012
Gold Hedge - 100% hedge free as of April 15th
1 Includes cash, cash receivable and $6.4 million of bullion receivable as at March 31, 2013.

5. 5
OUR VISION
To become a preeminent gold producer in West Africa while setting
the benchmark for responsible mining in Senegal
Phase 1: Become a mid-tier gold producer in Senegal with 250,000 to 350,000 oz.
of annual gold production leveraging off existing infrastructure
• 2011 production of 131,461oz.
• 2012 production of 214,310oz. at cash costs of $627/oz.
• 2013 forecast production of 190,000 – 210,000oz. at cash costs of $650-$700/oz.
• 2014 forecast production of 200,00 – 250,000oz. pending the timing of Gora production
Phase 2: Increase annual gold production to 400,000 to 500,000 oz. with mill
expansion as reserves increase

6. 6
SABODALA IS SENEGAL’S ONLY
LARGE-SCALE GOLD MINE
Population of ~ 12.8M
Democratic Government
• Smooth process and power transition in 2012 elections
• Peaceful democracy since independence from France in
1960
• Use of the eight-country West African CFA France currency
fully guaranteed by the French treasury and pegged to the
Euro (WAEMU)
• Sabodala is the only large-scale gold mine in Senegal
Government has vested interest in Sabodala’s success given:
• 10% free-carried interest
• 5% gross production royalty effective Jan. 1, 2013
• 25% income tax (after tax holiday expires in 2015)
• Employment and regional development opportunities

7. 7
NEW AGREEMENT PROVIDES FOR
LONG-TERM PARTNERSHIP THROUGH:
• Price and formula to acquire Government’s additional option
on satellite deposits and to incorporate these into the existing
ML and fiscal regime
• Supporting drilling of the Niakafiri deposit on the ML
• Extending the ML by five years to 2022 and five key
exploration licences by 18 months
• Ensuring full access to exploration targets currently occupied
by artisanal miners
• Settling all outstanding tax assessments
• Settling the Special Contribution Tax of 5% through an
increase in royalties to 5% and accelerated dividend payments

8. 8
TERANGA IS MINING RESPONSIBLY
AND SHARING THE BENEFITS
Corporate Social Responsibility is fundamental to the success of
our business
• Health, safety, education and sustainability are all priorities
• Developing schools, health clinics, and improving access to
potable water
• Have engaged a renowned Canadian group to assist in putting
together a comprehensive Regional Development Plan in
partnership with the local, regional, and national government
• Committed to improving the livelihoods of those in the
communities in which we operate
A key component of our vision is to set the benchmark for
responsible mining in Senegal

9. 9
SABODALA GOLD OPERATION IS
PRODUCING CONSISTENTLY
Gold Production Since 2009
• First gold pour in March ‘09 with over $500M invested to date
Well Developed Infrastructure
• Located 650 km east of the capital Dakar and ~100 km north
of the town Kedougou – paved road within 56 km of mine site
• 36 MW heavy fuel oil power plant located on site
Completed Mill Expansion
• New ball mill and downstream plant, secondary crusher and
new stockpile/reclaim facility commissioned
• Expands annual production base to ~200,000 oz.
• Mill capacity increased to ~3.5Mtpa of fresh (hard) ore or
~6Mtpa of oxide (soft) ore
Modest Incremental Sustaining Capital Going Forward
• US$125M – $150M LOM
• Includes Gora, community relocations, further mobile
equipment expenditure, pit delineation and additional
tailings facilities

10. 10
1 Updated as per Q1 2013 revised guidance on Page 21.
2 Includes cash, cash equivalents and bullion receivable: $5.3M FYE 2012 and $17.1M at FYE 2011.
3 Hedge book extinguished on April 15, 2013.
2013 - REDUCTION IN CAPEX AND
EXPLORATION EXPENDITURES
Units
2011
Actuals
2012
Actuals
2013 Guidance
Ranges (1)
% Change
Mine Site Capex ($ millions) 62.1 52.9 20 -62%
Capitalized Reserve
Development (ML)
($ millions) 14.4 26.1 5 -81%
Exploration Expense
(RLP)
($ millions) 31.7 16.7 3 -82%
Development of Gora ($ millions) - 4.3 10 +133%
Administration Expense ($ millions) 13.4 17.9 13 -27%
Profit for the Period ($ millions) -16.0 79.9 - -
Cash Balance at End of
Period (2)
($ millions) 24.6 45.0 - -
Gold Hedge
Outstanding (3)
(koz.) 174.5 59.8 0 -100%

11. 11
Economics
• Capital cost est. $45M - $50M
• Est. total cash cost to average $675 - $700/oz.
• NPV (5%) at $1500/oz. of $105 million
• IRR 69%
Open Pit
• 26km from mill
• Technical Study and ESIA complete –
permitting underway
• M&I of 374,000 oz. at 5.0gpt
• Proven & Probable reserves of 285,000oz. at
4.2gpt. (2.1M tonnes of ore)
• Estimated 4-year mine life
• Stripping ratio of 19:1
Timing
• Development to start in Q4 2013 with majority
of capital expenditure in 2014 in order to
support 2013 free cash flow
• Estimated production start in H1 2014
GORA – OUR MOST ADVANCED
SATELLITE DEPOSIT
Source – Teranga Gold Corporation: Typical section of Gora looking South West, 2012.

12. 12
-
50,000
100,000
150,000
200,000
250,000
300,000
2011 2012 2013 2014 2015
Production Profile ('000oz.) (1)
2013 Guidance Range Gora Production ML Production
FOCUSED ON GROWING
PRODUCTION AND CASH MARGINS
1 Assumes increased production from regional exploration success
2 Cash costs of $627/oz. excluding deferred stripping adjustment.
• 2012 Production Results: 214,310oz. at cash costs of $556/oz. (2)
• 2013 Production Estimated: 190,000 – 210,000oz. at cash costs of $650 - 700/oz.
• 100% hedge free as of April 15, 2013
• Margin expansion now that hedges are
extinguished
• Full participation in higher spot prices

13. 13
FOCUSED ON GROWING RESERVES
1 See pages 26/27
2 M+I Resources are inclusive of reserves
3 Includes Sabodala, Niakafiri, Niakafiri West, Soukhoto, Diadiako, Majiva, Masato and Gora
1.59
2.87
1.67
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Proven and
Probable Reserves
Measured and
Indicated
Resources
Inferred Resources
Moz.
Reserves and Resources (1,2,3)
December 31, 2012

14. 14
2013 Exploration Program (1)
Mine Licence Exploration(ML) $5M
Regional Exploration (RLP) $3M
TOTAL $8M
2012 Exploration Program (2)
Mine Licence Exploration $26M
104,400m (RC/DD)
Regional Exploration(3) $20M
62,500 RAB 42,300 RC 2,400 DD
TOTAL $46M
FOCUSED ON GROWING RESERVES
1 Additional funding allocated on a priority basis for prospects with clear potential for reserve definition
2 Full drill results are posted at terangagold.com
3 Includes ~$3M for Gora exploration

15. 15
Mine Licence Exploration (ML) Regional Land Package (RLP)
33km2 1,200km2
MINE LICENSE MAKES UP ~3% OF
TERANGA’S TOTAL LAND PACKAGE

16. 16
SABODALA PIT –
MAIN FLAT EXTENSION /
LOWER FLAT ZONE
DINKOKHONO
• Potential to expand gold inventory on
ML with the objective of increasing
mine life to the year 2020/25
ML EXPLORATION $5 MILLION
33km2
NIAKAFIRI & NIAKAFIRI
WEST
SOUKHOTO

17. 17
NINYENKO
SORETO /
DIABOUGOU
1,200km2
35km from Mill
RLP EXPLORATION $3 MILLION
GOUMBOU GAMBA
TOUROKHOTO
(Main and Marougou)

18. 18
FOCUS IS ON CONTINUED GROWTH
Focused on Growing Reserves
• To secure a reserve life to year 2020/25
• Growth through exploration
• Growth through regional opportunities (JV’s, acquisitions)
Focused on Growing Production
• Phase 1: 250,000 – 350,000oz. annual production by
leveraging existing mill and land package
• Phase 2: 400,000 – 500,000oz. annual production, will
require another mill expansion
Focused on Building Financial Strength
• Hedge book eliminated
• Maximizing cash margins
• Producing free cash flow
• Increasing cash balance
• Using free cash flow to self-fund growth strategy
• Focusing on the ounces that provide the best returns
• Increasing earnings and cash flow per share (minimizing
dilution)

19. 19
SUMMARY
Year To Date:
• Hedge Book Eliminated
• “Agreement In Principle” signed with Government: Paving
the way for deposits not currently on our ML to go through
our mill under our fiscal regime
• $50M Equipment Facility completed
• Strong Q1: Operationally - reaffirmed 2013 guidance
Financially - $57.4M cash(1) at quarter end
• Currently trading at a P/E ratio of around 3
Going Forward:
• Generating free cash flow in 2013 @ $1400/oz Au
• No expectation to issue equity other than for M&A
1 Includes cash, cash receivable and $6.4 million of bullion receivable as at March 31, 2013.

20. 20
APPENDICES

21. 21
2013 DISCRETIONARY SPEND REDUCED
TO GENERATE FREE CASH FLOW
Revised Guidance Original Guidance
Operating results
Production (oz) 190,000 - 210,000 190,000 - 210,000
Total cash cost (incl. royalties)1,2
($/oz sold) 650 – 700 650 – 700
Exploration and evaluation expense ($ millions) 3.0 10.0 – 15.0
Administration expenses ($ millions) 13.0 15.0 – 20.0
Capital expenditures ($ millions)
Mine site 20.0 20.0 - 25.0
Capitalized reserve development 5.0 5.0 - 10.0
Gora development costs
Mobile equipment 5.0 30.0 - 35.0
Site development 5.0 15.0 - 20.0
Total Gora development costs 10.0 45.0 - 50.0
Capitalized deferred stripping2
35.0 35.0 - 40.0
Total capital expenditures 70.0 105.0 - 125.0
2
Includes the impact of adopting IFRIC 20 – Stripping Costs in the Production Phase of a Surface Mine.
For the year ended December 31, 2013
1
Total cash cost per ounce is a non-IFRS financial measures with standard meaning under IFRS.

22. 22
GOVERNMENT OPTION FORMULA - GORA
Initial Payment Example Gora
Reserves per feasibility study (oz.) 285,000
Recovery rate 95%
Recovered reserves (oz.) 270,750
Less government royalties 13,538
Recovered ounces to shareholders (oz.) 257,213
Average realized gold price last 12 months $ 1,650
Reserve payment percentage 1.00%
Reserve payment dollars per ounce $ 16.50
Payment due on production maximum $10 million $ 4,244,006
Additional payments required when:
1. Increase in the gold price
2. Increase in production
3. Exceeds $10 million cap

23. 23
WHAT IF PRODUCTION/PRICE CHANGES?
No Change in Production/Gold Price
Year 1 Year 2 Year 3 Year 4
Cumulative production (oz.) 67,500 135,000 202,500 270,750
Less government royalties 3,375 6,750 10,125 13,538
Cumulative production to shareholders 64,125 128,250 192,375 257,213
Weighted average realized gold price ($/oz.) $ 1,650 $ 1,650 $ 1,650 $ 1,650
Reserve payment percentage 1.00% 1.00% 1.00% 1.00%
Reserve payment dollars per ounce $ 16.50 $ 16.50 $ 16.50 $ 16.50
Cumulative payment due $ 1,058,063 $ 2,116,125 $ 3,174,188 $ 4,244,006
Initial Payment / Subsequent Payments $ 4,244,006 $ 4,244,006 $ 4,244,006 $ 4,244,006
Payment due $ - $ - $ - $ -
* Cumulative production calculation performed annually after year end and if payment due, paid by June 30th of the following year.
Change Gold Price
Year 1 Year 2 Year 3 Year 4
Cumulative production (oz.) 67,500 135,000 202,500 270,750
Less government royalties 3,375 6,750 10,125 13,538
Cumulative production to shareholders 64,125 128,250 192,375 257,213
Weighted average realized gold price ($/oz.) - increase gold price $ 1,650 $ 1,700 $ 1,750 $ 1,800
Reserve payment percentage 1.00% 1.00% 1.00% 1.00%
Reserve payment dollars per ounce $ 16.50 $ 17.00 $ 17.50 $ 18.00
Cumulative payment due $ 1,058,063 $ 2,180,250 $ 3,366,563 $ 4,629,825
Initial Payment / Subsequent Payments $ 4,244,006 $ 4,244,006 $ 4,244,006 $ 4,244,006
Payment due $ - $ - $ - $ 385,819
* Cumulative production calculation performed annually after year end and if payment due, paid by June 30th of the following year.
Change in Production
Year 1 Year 2 Year 3 Year 4
Cumulative production (oz.) - increase in production 75,000 150,000 225,000 300,000
Less government royalties 3,750 7,500 11,250 15,000
Cumulative production to shareholders 71,250 142,500 213,750 285,000
Weighted average realized gold price ($/oz.) $ 1,650 $ 1,650 $ 1,650 $ 1,650
Reserve payment percentage 1.00% 1.00% 1.00% 1.00%
Reserve payment dollars per ounce $ 16.50 $ 16.50 $ 16.50 $ 16.50
Cumulative payment due $ 1,175,625 $ 2,351,250 $ 3,526,875 $ 4,702,500
Initial Payment / Subsequent Payments $ 4,244,006 $ 4,244,006 $ 4,244,006 $ 4,244,006
Payment due $ - $ - $ - $ 458,494
* Cumulative production calculation performed annually after year end and if payment due, paid by June 30th of the following year.

24. 24
WHAT IF WE EXCEED THE $10M CAP?
Exceeds $10 million over time with gold price constant Still under cap First pay over cap Subsequent pay Subsequent pay
Cumulative production (oz.) 600,000 700,000 800,000 950,000
Less government royalties 30,000 35,000 40,000 47,500
Cumulative production to shareholders (oz.) 570,000 665,000 760,000 902,500
Weighted average realized gold price ($/oz.) $ 1,650 $ 1,650 $ 1,650 $ 1,650
Reserve payment percentage 1.00% 1.00% 1.00% 1.00%
Reserve payment dollars per ounce $ 16.50 $ 16.50 $ 16.50 $ 16.50
Cumulative payment due $ 9,405,000 $ 10,972,500 $ 12,540,000 $ 14,891,250
Initial Payment / Subsequent Payments $ 10,000,000 $ 10,000,000 $ 10,972,500 $ 12,540,000
Payment due $ - $ 972,500 $ 1,567,500 $ 2,351,250
* Cumulative production calculation performed annually after year end and if payment due, paid by June 30th of the following year.
Exceeds $10 million over time gold price increases Still under cap First pay over cap Subsequent pay Subsequent pay
Cumulative production (oz.) 600,000 700,000 800,000 950,000
Less government royalties 30,000 35,000 40,000 47,500
Cumulative production to shareholders (oz.) 570,000 665,000 760,000 902,500
Weighted average realized gold price ($/oz.) $ 1,650 $ 1,700 $ 1,750 $ 1,800
Reserve payment percentage 1.00% 1.00% 1.00% 1.00%
Reserve payment dollars per ounce $ 16.50 $ 17.00 $ 17.50 $ 18.00
Cumulative payment due $ 9,405,000 $ 11,305,000 $ 13,300,000 $ 16,245,000
Initial Payment / Subsequent Payments $ 10,000,000 $ 10,000,000 $ 11,305,000 $ 13,300,000
Payment due $ - $ 1,305,000 $ 1,995,000 $ 2,945,000
* Cumulative production calculation performed annually after year end and if payment due, paid by June 30th of the following year.

25. 25
QUARTERLY OPERATING STATISTICS
Mar-13 Dec-12 Sep-12 Jun-12 Mar-12
Quarter Quarter Quarter Quarter Quarter
Ore mined ('000t) 1,312 2,038 655 2,105 1,117
Waste mined ('000t) 7,536 5,274 6,242 5,130 6,316
Total mined ('000t) 8,848 7,312 6,897 7,235 7,433
Grade Mined (g/t) 1.87 2.04 1.92 2.25 1.38
Ounces Mined (oz) 78,929 133,549 40,516 152,603 49,516
Strip ratio waste/ore 5.7 2.6 9.5 2.4 5.7
Ore processed ('000t) 696 725 650 491 573
Head grade (g/t) 3.31 3.40 3.11 3.22 2.52
Gold recovery (%) 92% 91% 85% 90% 90%
Gold produced (1) (oz) 68,301 71,804 55,107 45,495 41,904
Gold sold (oz) 69,667 71,604 62,439 38,503 35,268
Average price received $/oz 1,090 1,296 1,290 1,608 1,712
Total cash costs per ounce sold2
(including
Royalties) $/oz 535 532 509 592 650
1 Gold produced includes change in gold in circuit inventory plus gold recovered during the period.
2 Total cash costs per ounce sold for 2012 were restated to comply with the Company’s adoption of IFRIC 20 - Stripping Costs in the
Production Phase of a Surface Mine, in line with the Company’s accounting policies and industry standards.

26. 26
RESERVES & RESOURCES (1,2)
Deposit
Proven Probable Proven and Probable
Tonne
s
Grade Au
Tonne
s
Grade Au
Tonne
s
Grade Au
(Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz)
Sabodala 6.55 1.5 0.315 11.07 1.24 0.443 17.62 1.34 0.758
Sutuba - - - 0.37 1.40 0.017 0.37 1.40 0.017
Niakafiri 0.23 1.69 0.013 7.58 1.12 0.274 7.81 1.14 0.287
Gora 0.57 4.07 0.074 1.53 4.27 0.21 2.1 4.22 0.284
Stockpiles 7.32 1.02 0.24 - - - 7.32 1.02 0.24
Total 14.67 1.36 0.642 20.56 1.43 0.944 35.23 1.40 1.586
• Reserves remain similar to that of 2011 net of production
• Focused on growing our reserves and are confident that we will
add reserves on the ML
• M&I resources increased 34% to 2.9Moz.
1 Please see page 29 for Competent Persons Statement relating to this reserves estimate.
2 Based on assays received as of August 2012.
Deposit
Measured Indicated
Measured and
Indicated
Tonnes Grade Au
Tonne
s
Grad
e
Au
Tonne
s
Grad
e
Au
(Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz)
Sabodala 28.06 1.24 1.12 31.47 0.96 0.97 59.53 1.09 2.09
Sutuba - - - 0.50 1.27 0.02 0.50 1.27 0.02
Niakafiri 0.30 1.74 0.02 10.50 1.10 0.37 10.70 1.12 0.39
Gora 0.49 5.27 0.08 1.84 4.93 0.29 2.32 5.00 0.37
Total 28.85 1.32 1.22 44.31 1.16 1.65 73.05 1.22 2.87

27. 27
Area
Inferred
Tonnes Grade Au
(Mt) g/t (Moz)
Sabodala 12.36 0.87 0.35
Niakifiri 7.20 0.88 0.21
Niakifiri West 7.10 0.82 0.19
Soukhoto 0.60 1.32 0.02
Gora 0.21 3.38 0.02
Diadiako 2.90 1.27 0.12
Majiva 2.60 0.64 0.05
Masato 19.18 1.15 0.71
Total 52.15 1.00 1.67
RESERVES & RESOURCES (1,2)
1 Please see page 29 for Competent Persons Statement relating to this reserves estimate.
2 Based on assays received as of August 2012.

28. 28
Alan R. Hill
Executive Chairman
• Mining engineer with over 20 years experience globally in project evaluations, acquisitions and mine development
as Executive VP of Barrick Gold
• Currently a Director of Gold Fields
• Former President and CEO of Gabriel Resources (2005 – 2009) and non-Executive Chairman of Alamos Gold
(2004 – 2007)
Richard S. Young
President & CEO
• Over 10 years experience in mining finance, development, corporate development, and investor relations with
Barrick Gold
• Former VP and CFO of Gabriel Resources (2005 – 2010)
Mark English
VP, Sabodala Operations
• Over 24 years experience in the gold mining industry
• Previously worked for several companies in Australia, East and West Africa being involved in operating mines and
development, inclusive of greenfield start-ups
• Joined Mineral Deposits Ltd. in June 2006
Paul Chawrun
VP, Technical Services
• Mining Engineer and geologist with over 24 years experience
• Former EVP Corporate Development for Chieftain Metals
• Former Director, Technical Services Detour Gold
Navin Dyal
VP & CFO
• Over 13 years in finance, most recently 7 years with Barrick Gold (2005 - 2012)
• Former Director of Finance, Global Copper Business Unit – Barrick Gold
• Chartered Accountant – Four years at major public accounting firm
David Savarie
VP, General Counsel & Corporate
Secretary
• Over 10 years experience in the legal industry
• Former Deputy General Counsel and Corporate Secretary of Gabriel Resources
• Previously in private practice at Miller Thomson LLP
Kathy Sipos
VP, Investor & Stakeholder Relations
• 10 years experience in Corporate Communications and Investor Relations with Barrick Gold (1996 – 2006)
• Former VP of Corporate Communications and Investor Relations of Gabriel Resources (2006 – 2009)
Macoumba Diop
General Manager & Government
Relations Manager
• Geological Engineer, Master of Science in Finance with over 12 years experience in the mining industry
• Previously spent 11 years in a consulting business and mineral project marketing and development
• Joined SGO in July 2011.
MANAGEMENT

29. 29
COMPETENT PERSONS STATEMENT
The technical information contained in this presentation relating to the mineral reserve estimates within the Sabodala, Sutuba, Niakafiri and Gora deposits and the
Stockpiles, is based on information compiled by Julia Martin, P.Eng., MAusIMM (CP), a full time employee with AMC Mining Consultants (Canada) Ltd., is independent of
Teranga, is a “qualified person” as defined in NI 43-101 and a “competent person” as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves”. Ms. Martin has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to
the activity she is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves”. Ms Martin has reviewed and accepts responsibility for the reserve estimates disclosed above. Ms Martin has consented to the inclusion in
the report of the matters based on her information in the form and context in which it appears in this presentation.
The technical information contained in this presentation relating to the mineral resources is based on information compiled by Ms. Patti Nakai-Lajoie, who is a Member of
the Association of Professional Geoscientists of Ontario. Ms. Patti Nakai-Lajoie is full time employee of Teranga and is not “independent” within the meaning of National
Instrument 43-101. Ms. Patti Nakai-Lajoie has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the
activity which she is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves”. Ms. Patti Nakai-Lajoie is a “Qualified Person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects and she
consents to the inclusion in the report of the matters based on her information in the form and context in which it appears in this presentation.
The technical information contained in this presentation relating to exploration results is based on information compiled by Mr. Martin Pawlitschek, who is a Member of the
Australian Institute of Geoscientists. Mr. Pawlitschek is a consultant of Teranga and is not “independent” within the meaning of National Instrument 43-101. Mr.
Pawlitschek has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr.
Pawlitschek is a “Qualified Person” in accordance with NI 43-101 and he consents to the inclusion in the report of the matters based on his information in the form and
context in which it appears in this presentation.