Gold Projects in West Africa Focused and Effective TSX.V: ABS - PowerPoint PPT Presentation

April, 2012 Exploring & Developing p g p g Gold Projects in West Africa Focused and Effective TSX.V: ABS OTCQX:ABZUF | www.abzugold.com 1 TSX.V: � ABS

FORWARD LOOKING AND CAUTIONARY STATEMENTS FORWARD LOOKING AND CAUTIONARY STATEMENTS 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 dit t i t i f d l ki t t t di Ab ’‚ i f d fi i l 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 t i ll f th t t i th f d l ki t t t lt f th f t h i 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. 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 ti P t f i t f f t f d ll i t d t lt th i 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. 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. www.abzugold.com 2 TSX.V: � ABS ��� OTCQX:ABZUF

Investment Highlights Investment Highlights Exploring and developing gold properties in Ghana gold properties in Ghana Quality Locations •‣ 2 Multi-million ounce flagship properties. properties. •‣ 16 concessions in key locations. •‣ Drill – ready targets on all concessions. •‣ Excellent discovery opportunity. Aggressive Exploration •‣ Multiple programs underway. •‣ Focused, drill-intensive programs. K Key Relationships R l ti hi •‣ Working with traditional leaders. Nangodi gold Discovery Expertise Discovery Expertise •‣ Proven international discovery and development team. www.abzugold.com TSX.V: � ABS ��� OTCQX:ABZUF 3

Management Management Paul � Klipfel, � Ph.D., � 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 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 (>12Moz); Musselwhite, Ontario, Canada (>5 Moz); Esaase, Ghana (>5 Moz); Livengood, Alaska, USA (>10 Moz). Allan � Serwa, CEO Founder of Abzu and responsible for acquiring concessions in Ghana along with supervising their initial exploration. He has been living and working in Ghana since 2007 where he has brought about responsible corporate growth through alignment with Ghanaian traditional culture and their pride in the national gold industry. He is directly responsible for negotiating a Ghana/Canada iron ore project estimated over $4.6 B. 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 O 30 l i l i h l d th di d d l t t f C i l C k D it i C l d hi h i operated by AngloGold Ashanti and now totals over 20 million ounces of gold. Founder of International Tower Hill Mines which in 2007 discovered the Livengood gold deposit in Alaska which now totals nearly 20 million ounces of gold and is proceeding to development. Mark � Cruise, � Ph.D., � Director In excess of 18 years of global experience in the mineral exploration industry from grass roots exploration through resource definition 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 developing the Zinc, Lead & Silver Santander Mine in Peru and a director of Dorato Resources Ltd. www.abzugold.com 4 TSX.V: � ABS ��� OTCQX:ABZUF

Share Structure Share Structure Exchange: � Symbol �� TSX.V: � ABS ( (as at � April � 15, � 2012) t A il 15 2012) Issued � & Outstanding 59,179,485 Options 5,250,000 Warrants 3,081,524 (15 Aug � 2012) $0.90 2,881,524 (30 � Nov � 2014) $0.60 200,000 Fully � Diluted 61,511,009 Management Ownership Management � Ownership 15% 15% Institutional � and � Closely Held ~68% Market � Cap � @$0.25 $18M Treasury CDN$1.0M $ www.abzugold.com 5 TSX.V: � ABS ��� OTCQX:ABZUF

Why Ghana? Why Ghana? •‣ Over 50M new ounces of gold discovered in the last 10 years. •‣ High discovery potential. High discovery potential. •‣ Strong mining culture. •‣ St bl Stable parliamentary li t government. •‣ Strong legal and minerals g g title system. www.abzugold.com 6 TSX.V: � ABS ��� OTCQX:ABZUF

Abzu in Ghana Abzu in Ghana Abzu is a junior gold exploration and development company and development company. Abzu has: •‣ 2 Multi-million ounce flagship properties; –— Nangodi –— 1.2 km drill-tested gold zone. –— Asafo –— 1,000m x 600m gold zone. •‣ Drill-ready targets at 14 other concessions. –— � 6 x 1km linear soil anomaly (Abofour). –— Aircore intercepts up to 4m @ 5 87 g/t Au; Aircore intercepts up to 4m @ 5.87 g/t Au; ABAC142 (Abofour) –— Trench intercepts up to 21m @ 3.71 g/t Au (Amuando Praso). –— RC intercepts RC intercepts up to 10m @ 8.8 g/t Au; p to 10m @ 8 8 g/t A KYRC075 (Kwahu Oda) www.abzugold.com 7 TSX.V: � ABS ��� OTCQX:ABZUF

Nangodi Gold Deposit Nangodi Gold Deposit •‣ Emerging >100km gold-bearing belt with characteristics similar to the Ashanti Belt. •‣ 1930’‚ hi h 1930’‚s high-grade production averaged 26 d d ti d 26 g/t from +25K tons. •‣ Multiple quality targets along Nangodi Shear Zone; also Youga Gold Mine in Burkina Faso. •‣ Nangodi and Yameriga concessions are a 51% JV with Red Back/Kinross. Nangodi gold www.abzugold.com 8 TSX.V: � ABS ��� OTCQX:ABZUF

Nangodi Gold Deposit Nangodi Gold Deposit Multi � Million � Ounce � Gold � Zone � Africwest data provided by Red Back Mining Ghana Ltd. •‣ 1.2 � km � x � 60m � x � 200+m � drill � tested •‣ 27 � Abzu � holes; � 31 � Africwest holes. � •‣ High � grade � zone. •‣ Gold � associated � with � sheared � quartz � feldspar � porphyry. � www.abzugold.com 9 TSX.V: � ABS ��� OTCQX:ABZUF

2012 Nangodi Work Program 2012 Nangodi Work Program •‣ Advance Nangodi discovery: –— Q1, 2012 - Ground geophysics. –— Q1, 2012 - Surface sampling and trenching. –— Ongoing geological mapping. –— Q2, 2012 - phase 2 step-out drilling � 5,000 m (~30 holes 150- 200m) . 200 ) –— Drill to determine viability of multi-million ounce resource. –— Q3-Q4, 2012 - Undertake Q3 Q4 2012 Undertake resource evaluation. www.abzugold.com 10 TSX.V: � ABS ��� OTCQX:ABZUF

Nangodi Setting Nangodi Setting Gold-bearing Nangodi stockwork in o/c g Old Nangodi Shaft g Nangodi Shaft NGDD001, 89-90m 3.95 g/t gold Shear zone vein breccia Straight � Forward � Development � Project Vein Exploration � friendly � landscape; � little � or � no � saprolite www.abzugold.com 11 TSX.V: � ABS ��� OTCQX:ABZUF