Developing the Bonaparte Gold Project, Kamloops, British Columbia
Forward Looking Statements Certain statements contained in this presentation constitute forward-looking statements. Forward-looking statements are frequently, but not always identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential” , “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. The forward-looking statements may include statements regarding exploration results and budgets, mineral resource estimates, work programs, capital expenditures, timelines, strategic plans, market price of commodities or other statements that are not statement of fact. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company may differ materially from those reflected in forward-looking statements due to a variety of risks, uncertainties and other factors. The Company’s forward -looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward- looking statements if circumstances or management’s beliefs, expectations or opinions should change except as required by law. For the reasons set forth above, investors should not place undue reliance on forward- looking statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties involved in disputes and litigation, fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty in meeting anticipated program milestones; uncertainty as to timely availability of permits and other government approvals and other risks and uncertainties disclosed in other information released by the Company from time to time and filed with the appropriate regulatory agencies.
In This Presentation 1. About WestKam Gold Corp. 2. Focus: Bonaparte Gold Project 3. What’s Next? 4. Projected Timeline 5. Management 6. Share Structure 7. Contact
Vancouver-based junior gold explorer Symbol WKG, Toronto Venture Exchange Focused on exploring and developing the Bonaparte Gold Project, southern British Columbia New management, revitalized operations for 2012
Bonaparte Gold Project - Overview Bulk-tonnage, porphyry copper-gold target near Kamloops, BC High-grade drill intersections for gold High-grade results in historic bulk sampling Largely unexplored ground covers 2,216 hectares Underground mining has encountered high-grade veins
Nearby Infrastructure and Easy Access
Bonaparte Property – The History 1980s – initial exploration included over 20,000’ of diamond drilling 1990s – 3,425-ton bulk sample from one of over 13 identified vein systems produced grade of 26g Au/ton (0.75 oz/ton) 2009 – Encore Renaissance (now WestKam Gold Corp.) acquires option to earn 60% interest 2010 – Small bulk sample from Crow Vein trucked to Kinross Mill in Republic, Washington; recovered gold sold for $145,783 (364.61 tons assayed 0.475 oz/ton, 93% recovery) 2010 – #20 Vein plus three new veins encountered in decline 2010 – Encore Renaissance exercises option to earn 75% 2011 – New management takes reins in November
Historic Diamond Drill Intersections Include: Additional information Grade Grade Intercept (g Au/ton) (oz Au/ton)* (metres) from drilling indicates a 113.70 3.32 0.87 minimum 200 meter extension in width to the 84.21 2.46 1.44 regional structure. 142.97 4.17 1.20 321.22 9.37 0.56 More veins expected to 115.51 3.37 1.07 lie within the extension. 43.50 1.27 1.02 69.20 2.09 1.26 * Calculated as: 1 gram/tonne = 34.28 troy ounces/short ton
“It is likely that the portion (of the Bonaparte Gold Project) explored to date is only a small part of a much larger, more extensive mineralizing system that requires detailed exploration to define. In addition to the shear/fracture hosted mineralization, potential exists for large bulk tonnage, porphyry copper-gold mineralization .” Shaun M. Dykes M.Sc (Eng), P. Geo Technical Report on the Bonaparte Gold Property April 30, 2009
Key Veins Discovered to Date
Significant Ground Remains Unexplored Property covers: 2,216 Hectares 5,507 Acres
What’s Next? Bonaparte in 2012 New financing Coast Mountain Geological to assist with aggregation and assessment of information accumulated to date Revised development strategy Complete bulk sample Next phase of exploration, including drilling
Key Management Matt Wayrynen, President & CEO Former director of Quinto Mining Corporation, which was acquired by Consolidated Thompson Iron Mines in 2008 for a share value equal to $175M. Original co-founder and former President and CEO of TrichoScience Innovations Inc., which was acquired by Replicel Life Sciences Inc. Helped advance RepliCel to its current market capitalization of over $100M. Currently a director and senior officer of several other reporting issuers in the resource and energy sectors. Also the former President and CEO of Bralorne Gold Mines Ltd. Lindsey Gorrill, CFO, Director Chartered Accountant, graduate of Simon Fraser University with a BBA in Finance and Marketing. Admitted to the Institute of Chartered Accountants of British Columbia in August 1989. After moving into senior positions with Ernst & Whinney, Peat Marwick Thorne and KPMG, Mr. Gorrill filled executive roles with a number of resource companies in Canada and the U.S. Currently serves as CEO, CFO, Principal Accounting Officer and Treasurer of Star Gold Corp. and has been its President since February 7, 2008. Also CEO and President of Jayhawk Energy, Inc. Prior Jayhawk, He served as CEO, CFO and President of Canada Fluorspar Inc. Former CFO of Quinto Mining Corp., where he was part of a team that raised millions of dollars and advanced a Quebec iron ore property to a viable project. Quinto then sold to Consolidated Thompson Iron Mines in June 2008 for a share value equal to $175 million. (Consolidated Thompson was eventually sold to Cliffs Resources for $4.9B.)
Share Structure Shares Outstanding 29,548,107 Warrants Outstanding 4,564,047 Options Outstanding 784,900 Fully Diluted 34,897,054 As of May 15, 2012 Recent Price $0.21 52-Week Range $0.15 - $0.45
To Summarize Vancouver-based junior focused on bringing the Bonaparte gold project to production Bonaparte is a high-grade, bulk-tonnage, porphyry-type copper-gold target with significant upside potential Easy access near Kamloops, BC and outstanding infrastructure The property has produced high-grade results and excellent recoveries in historic bulk test mining phases New management, new focus for 2012 directed at advancing Bonaparte to the next bulk-mining phase
Contact Investor Relations: John Ulmer 778.994.6453 info@westkamgold.com Head Office: Suite 900, 570 Granville Street Vancouver, BC V6C 3P1 604.682.3701 info@westkamgold.com
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