NSGold Corporation TSXV:NSX Precious Metals With A Near-Term Production Focus Annual General Meeting June 20, 2012
• THIS INVESTOR PRESENTATION (THE "PRESENTATION") WAS PREPARED AS A SUMMARY OVERVIEW OF THE CURRENT AFFAIRS OF NSGold Corporation (“NSGold") AND WAS NOT PREPARED FOR THE PURPOSE OF ASSISTING PROSPECTIVE INVESTORS IN MAKING A DECISION TO INVEST IN NSGold. THIS PRESENTATION PROVIDES A DESCRIPTION OF THE OFFERING AND DOES NOT DEAL EXTENSIVELY WITH THE BUSINESS AND OPERATIONS OF NSGold. THIS PRESENTATION IS NOT AN "OFFERING MEMORANDUM“ UNDER CANADIAN SECURITIES LAWS. • NSGold DOES NOT MAKE ANY REPRESENTATION AS TO THE COMPLETENESS, TRUTH OR ACCURACY OF THE INFORMATION CONTAINED HEREIN. THE RECIPIENT IS NOT TO USE THE PRESENTATION TO ASSIST IN MAKING A DECISION TO INVEST IN NSGold. • RESOURCES AND RESERVES All references to Resources and Reserves unless specifically noted otherwise are Historic and non compliant with the criteria required under National Instrument 43-101 and as such cannot be relied upon until verified and confirmed by a technical report(s) to NI 43-101 standards. • CONFIDENTIALITY The Presentation is confidential and the contents are not to be reproduced or distributed to the public or the press. Securities legislation in all provinces and territories prohibits such distribution of information. Each recipient of the information contained in the Presentation will treat such information in a confidential manner and will not' directly or indirectly' disclose or permit its affiliates or representatives to disclose such information to any other person or reproduce the Presentation in whole or in part' without the prior written consent of NSGold. Upon request' each recipient will return promptly any and all materials received from NSGold and/or Citadel Securities Inc.' including the Presentation. • NOT FOR U.S. DISTRIBUTION The Presentation is for use solely in Canada and is not to be provided by any means to anyone in the United States. The securities of NSGold have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Act")' as amended' or the securities laws of any state or country and may not be offered or sold in the United States or to "U.S. Persons" (as defined in Regulation S of the U.S. Act) or to investors of other countries unless an exemption from registration is available. • FORWARD-LOOKING INFORMATION & FINANCIAL OUTLOOK This Presentation contains forward-looking information within the meaning of applicable securities laws. Forward-looking information may relate to the NSGold's future outlook and anticipated events or results and may include statements regarding the future financial position' acquisition strategies and opportunities' business strategy' budgets' projected costs' financial results and plans and objectives of NSGold and the future condition of steel processing industry in general. In some cases' forward-looking information can be identified by terms such as "may"' "will"' "should"' "expect"' "plan"' "anticipate"' "believe"' "intend"' "estimate"' "predict"' "potential"' 'continue" or other similar expressions concerning matters that are not historical facts. Forward-looking statements involve known and unknown risks' uncertainties and other factors which may cause the actual results' performance or achievements of NSGold to be materially different from any future results' performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include expectations and prospects of NSGold with respect to acquisitions' acquisition strategies and opportunities' results of operations' business prospects and opportunities' and industry outlook and related projections. Actual results and developments are likely to differ' and may differ materially' from those expressed or implied by the forward-looking statements contained in this Presentation. NSGold's forward looking information and financial outlook are expressly qualified in their entirety by this cautionary statement. The forward looking information and financial outlook contained in the Presentation are only made as of June 2012 and NSGold does not undertake any obligation to update the forward looking information or financial outlook to reflect new information' subsequent events or otherwise.
Corporate Overview Corporate Overview Corporate Mission: To build and transform advanced exploration opportunities into a mid tier precious metal producer.
Flagship Project: Flagship Project: Mooseland Mooseland • Mooseland is the oldest known gold mine in Nova Scotia (discovered in 1858) • A total of 36,858 meters of historic diamond drilling completed on the Mooseland Project prior to the acquisition by NSGold • Established infrastructure and underground access in place • Several historical resource and reserve estimates have been produced for the Mooseland gold deposit over the past 30 years; including Hecla Canada (1980’s) • NSGold acquired 100% ownership from Globex Mining in 2010 for $750,000 cash; Globex holds a 4% NSR and the right to receive a 5% interest in the issued and outstanding share capital of NSGold at the time of production
Location of Major Gold Deposits Location of Major Gold Deposits in Nova Scotia in Nova Scotia
Flagship Project: Flagship Project: Mooseland Mooseland • NSGold completed a Phase 1 drilling program in 2010 with 13 diamond drill holes drilled on each of the East and West Zones totalling 6,500 meters of drilling • A Phase 2 drilling program was completed in the second half of 2011 with a total of 16 diamond drill holes totaling 5,020 meters; this program was designed with the objective of building confidence in the ore body model • Updated 43-101 compliant resource (June 2012); 2.52MT grading 5.6 gpt ( 454,000 inferred ozs Au ) • Excellent potential for adding to the resource/reserve base both at depth and along strike • West Zone in particular is under-drilled; total strike length of 1000 meters with drilling concentrated along only 250 meters of strike
Mooseland Gold Resource Mooseland Gold Resource • 43-101 compliant resource estimation (June 2012) Mooseland Summary of Non-Diluted Inferred Mineral Resources Cut-off Grade Tonnes Above Average Diluted Ounces (g/tonne) Cut-off Grade (g/tonne) West Zone 2.6 1,460,000 5.72 259,000 East Zone 2.6 1,060,000 5.52 195,000 Total 2.6 2,500,000 5.6 454,,000 • This estimate is based on drill core assay results from historic and recent drilling programs totaling 45,382 meters in 183 drill holes as detailed below
Gold Flagship Project: Gold Flagship Project: Mooseland Mooseland
Mooseland – Gold Zones Mooseland – Gold Zones
Mooseland – “VG” in drill core
Neighbouring Project: Neighbouring Project: Touquoy (Moose River) Gold Deposit Touquoy (Moose River) Gold Deposit • Located less than 15kms from Mooseland • Held by Atlantic Gold (ATV:ASX) • Updated FS completed February 2012 indicating robust economics ORE RESERVES (unchanged) 9.59 Mt @ 1.49 g/t for 454,000 contained ounces TOTAL PRODUCTION* (unchanged) 422,000 ounces ANNUAL PRODUCTION RATE (unchanged) 84,000 ounces PLANT (unchanged) All new, 2.0 Mtpa conventional gravity/CIL plant 5.0 years MINE LIFE (unchanged) PRE-PRODUCTION CAPITAL COST $140 million (nominal). Includes $10 million of working capital and $10 million reclamation bond GOLD PRICE $1700/oz CASH OPERATING COST $597/oz. Includes royalty payments of $37/oz $337 million NET CASH SURPLUS (PRE-TAX) PAYBACK PERIOD 18 months after first gold pour NPV (8%, PRE-TAX) $206 million INTERNAL RATE OF RETURN 52.5% Source: Atlantic Gold press release dated February 23, 2012
Location of NSGold Projects Location of NSGold Projects
Our other assets Our other assets • • Lunenberg Gold Properties Cheticamp Highlands 130 claims covering +/-30 kms 2 with – – 3 separate projects Leipsigate, Indian Path and Blockhouse widespread geochemical and geophysical anomalies – One zone at Leipsigate with a pre NI 43-101 reported inferred gold resource ( Coxheath – Similar geology to the Buchans Camp in Gold Holdings 1986 Annual Report ) and Nfld. and the Bathurst Camp in N.B. historic production of 9,650 ounces from – Historic mining; Galena Mine (Pb-Zn-Ag) 30,000 tons and Mountain Top Mine (Cu-Au) – Trenching returned 28.6 opt Ag, 8.3% Pb, 13.5% Zn and 0.3% Cu over 7 meters and 2.4 gpt Au over 17 meters
NSGold Share Capital NSGold Share Capital as of May 31, 2012 as of May 31, 2012 Issued number of shares 43,553,767 Proceeds on Exercise price Expiry date exercise Stock options 1,565,000 $ 0.14 to $0.60 $ 430,000 various Warrants 600,000 $ 0.25 $ 150,000 Jun 18/12 Warrants 690,196 $ 0.51 $ 352,000 Aug 4/13 Fully diluted number of shares 46,408,963 ������������������������� ���������������������������� ����� ������ ���������������� � ���
Acquisition Focus Acquisition Focus � Actively accessing several gold projects � Targeting projects with +/- 500,000 ounces gold located in mining friendly jurisdictions � Geographical focus – North America
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