Yamarna BeltUnlocking a New Gold RegionUnlocking a New Gold Region The Gold Symposium, SydneyO t b 2012October 2012

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Disclaimer

Important Notices

Nature of this document: The purpose of this presentation is to provide general information about Gold Road Resources Limited (the ‘Company’). Unless otherwise stated herein, the information in this presentation is based on the Company’s own information and estimates. In attending this presentation or viewing this document you agree to be bound by the following terms and conditions.

Not an offer: This presentation is for information purposes only and does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction. This presentation and its contents must not be distributed transmitted or viewed by any person in any jurisdiction where the distribution transmission or viewing of this document would benot be distributed, transmitted or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction.

Not financial product advice: This presentation does not take into account the individual investment objectives, financial situation and particular needs of each of the Company’s Shareholders. You may wish to seek independent financial and taxation advice before making any decision in respect of this presentation. Neither the Company nor any of its related bodies corporate is licensed to provide financial product advice in respect of the Company’s securities or any other financial products.

Forward-looking statements: Certain statements in the presentation are or may be “forward-looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, future operating and exploration results or the Company’s future performance. These forward looking statements speak, and the presentation generally speaks, only at the date hereof. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks and uncertainties, and are necessarily based on assumptions, which may cause the Company’s actual performance and results in future periods to differ materially from any express or implied estimates or projections.

It is recognised that it is common practice for a company to comment on and discuss its exploration in terms of target size and type. All statements contained in this presentation by the Company which refer to the potential quantity and grade of the target is accompanied by a detailed explanation of the basis for the statement. The potential quantity and grade for the target is conceptual in nature and, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource.

Disclaimer: No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, p p y y , p y, , , p y ,advisers and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this document, and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company is under no obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice.

U ifi d i f i Thi i i i f i (i l di i f i d i d f bli l il bl ) h h

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Unverified information: This presentation may contain information (including information derived from publicly available sources) that has not been independently verified by the Company.

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Corporate Summary

24 month share price Directors

Ian Murray Executive ChairmanZiggy Lubieniecki Executive Director$0 50

$0.60$0.70$0.80

ggyRussell Davis Non-exec Director (Founding)Kevin Hart Non-exec and Company Sec.Martin Pyle Non-exec DirectorDavid Woodall Non-exec Director$0.00

$0.10$0.20$0.30$0.40$0.50

Shareholders Corporate snapshotShareholders Corporate snapshot

ASX Code GORIssued Shares (undiluted) 390M*Institutional

Performance Rights 1.8M*Unlisted Options 18M*Share Price A$0.17*Average daily volume ~2MM k t C A$66M*

Retail

Directors/ManagementMarket Cap ~A$66M*Net Cash $12.9M#

*As at  16 October 2012# As at 30 June 2012As at 29 September 2012, # shareholders ~ 6,800 2

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Y B ltYamarna Belt: A New GoldA New Gold RegionRegion

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Under-Explored Gold Region

“Greenstones of Yamarna Terrane are similar in age and character to

the Kalgoorlie Terrane”Geological Survey of Western Australia, Oct 2010

Underlines Yamarna as a new gold region with potential for multi-million ounces of gold

Kalgoorlie Belt has produced more than 120M oz of gold

Yamarna is the fourth gold-rich shear gzone on the world-class Yilgarn Craton

4Map source: Geological Survey of Western Australia

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Major New Gold Region

Aim to create pipeline of exploration and production projects across Yamarna Belt

One of the least explored greenstone belts in WA

First – and only – company to systematically explore the region

Region only discovered in 1990s

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Yamarna’s Huge Potential

Exceptional exploration successes:

o 13 new gold discoveries in 30 monthso 13 new gold discoveries in 30 months

o More than 100 gold targets

o Identification of 5 high-priority Gold Camps

o JORC Resource of >1.2M oz Au so far

o 2009 discovery of high grade Central Bore

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B ildi P j tBuilding a Project Pipeline:Pipeline:From Conceptual to Ad dAdvanced

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Smart Exploration

Utilising a wide range of exploration tools to systematicallyUtilising a wide range of exploration tools to systematically unlock Yamarna’s potential

SAM S

Auger D illi

Dry-Bl i

Diamond, RC D illi Niton XRFSurvey Drilling Blowing Drilling Niton XRF

Prospecting Geological Mapping

Aero Mag & Gravity

IP and Analysis

RAB Drilling

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Conceptual targeting: Kalgoorlie R iRegion

Similar Geology to Kalgoorlie Gold BeltSimilar Geology to Kalgoorlie Gold Belt

Using 130 years of experience from the Kalgoorlie Belt for Yamarna

Allows quick, cost-effective generation of potential world-class gold targets

Conceptual Targeting

Gold deposits shown on Gravity image: Gold deposits shown on Gravity image:

Located on gravity high (red=high/ heavy, blue=low/light)

Thin coloured lines, called gravity worms, define edge of heavy rocks

Gold mainly on gravity high or near breaks/edges Go d a y o g a ty g o ea b ea s/edgesof gravity high

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High Priority Gold Camps

Fi e High Priorit Gold Camps Five High Priority Gold Camps

Hosts multiple gold prospects

Each camp ~15 to 20km long Each camp ~15 to 20km long

Exploration at Tobin Hill commencing

Gold Camps identified using:

New gravity and aeromag imagesg y g g

Presence of gravity high

Presence of ultramafic/mafic rocks in centre of basin

Size of sub basin (based on geology)

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Large Pipeline of Prospects

Advanced Projects

Aim to increase confidence / expand Resources/ expand Resources

Move into production 2014/15

New Targets

Aim to move prospects up the pyramidup the pyramid

Exploration of ‘Gold Camps’ prioritised in

2013/142013/14

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Regional Work Program

5 Priority Camps identified:5 o ty Ca ps de t ed

– 17 targets identified

Phase 1 – started Oct 2012:

– Review historic sampling/drilling across 5 Camps

– Start with Tobin Hill Camp:

Geophysical Target survey (SAM)

G h t ti Geochem testing

~20,000m Drilling

Phase 2 Starting Jan 2013: Phase 2 - Starting Jan 2013:

– Targeting other Camps:

SAM / Geochem testing

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SAM / Geochem testing

~100,000m of Drilling

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Ad d P j tAdvanced Projects

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Central Bore Area

High Grade Gold AreaHigh-Grade Gold Area

Discovered by Gold Road in 2009

Found numerous deposits in 6km2 area: Found numerous deposits in 6km2 area:

Central Bore JORC Resource 152,323 oz Au @ 9.1 g/t Includes Imperial Shoot: 101,738 oz

Au @ 19.2 g/t – open at depth

Justinian

Byzantium (west of Central Bore)

Central Bore North

Central Bore South

3 New Gold Anomalies (2012)( )

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Central Bore Area

Aeromagnetic Survey (2011-2012)

~3,420km2, including 69,333 line kil t 50 100 t likilometres on 50-100 metre line spacing

Data merged with existing surveys g g yand structural interpretation of magnetic data

Gold mineralisation targeting Gold mineralisation targeting

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Central Bore Long Section

Central Bore Project Resource: 519,000 t @ 9.1 g/t = 152,323 oz Au Includes Imperial Shoot Resource: 164,799 t @ 19.2 g/t = 101,738 oz Au

Mine depth ~250m

Not in current

mine plan

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Imperial Shoot Cross Section

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Attila Trend – Drilling the Gaps

Original Resource – Underexplored Area

JORC Resource of 1,060,000 oz Au

33km strike length

On granted Mining Leases

Expansion potential north, south and at depth

New Gold Discoveries since 2009

VTEM Tatar Hann Western Ultramafics VTEM, Tatar, Hann, Western Ultramafics

Elvis a potential parallel trend to Attila Trend

High level of prospectivity across 33km strike High level of prospectivity across 33km strike

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Attila Trend – Depth Potential

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Economic Viability Confirmed

Scoping Study, September 2012Scoping Study, September 2012

Mining Attila (2 open pits)Central Bore (u/g)

Processing rate 400 ktpa*#

Gold production 47,500 oz pa (average)

Pre-production capital $62.8 M

Discounted net cash return (8% rate) $47 M ($39M post tax)

Cash-flow before capital (pre-tax) $132.7. M

Cash-flow after capital (pre-tax) $67.7 M

Operating costs (average over life) $806 / oz

Total costs incl. capital (average over life) $1,248 / oz

IRR 42% (37% post tax)

ROI 89% (77% post tax)

Initial mine life 4 years

*Plant upgradable to 800ktpa

20Scoping Study completed by Optiro Pty Ltd

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P t I tPut Into PerspectivePerspective

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Put Into Perspective

5 000km2 underexplored gold region5,000km2 underexplored gold region

Only 1% of area explored

13 new gold discoveries

100 prospects identified100 prospects identified

5 high priority gold camps identified

1.2 million ounces of gold so far

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Put Into Perspective

5 000km2 underexplored gold region5,000km2 underexplored gold region

Only 1% of area explored

13 new gold discoveries

100 prospects identified100 prospects identified

5 high priority gold camps identified

1.2 million ounces of gold so far

Strong comparison to Kalgoorlie Belt … exploration commenced in 1880s

Yamarna Belt systematic exploration

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only commenced in 2009

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Summary

Outstanding new high-grade gold discoveries

New gold region: >100 gold targets identified

Concept al targeting identifies 5 ne goldConceptual targeting identifies 5 new gold camp targets

Continued exploration and studies in 2012/2013

Aim to be self-funded explorer from 2014/2015

www goldroad com auwww.goldroad.com.au

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The information in this presentation which relates to Exploration Results or Mineral Resources is based on information compiled byZiggy Lubieniecki, an Executive Director of Gold Road Resources Limited, who is a Member of the Australasian Institute of Miningand Metallurgy. Mr Lubieniecki has sufficient experience which is relevant to the style of mineralisation and type of deposit underconsideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of theconsideration 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 Lubieniecki consents to theinclusion in the presentation of the matters based on this information in the form and context in which it appears.

The information in this report which relates to the Gold Mineral Resource estimates are based on geostatistical modeling byRavensgate using sample information and geological interpretation supplied by Gold Road. The Mineral Resource estimates wereundertaken by Don Maclean, a Principal Consultant. Mr Maclean is the competent person responsible for the Resource and aMember of the Australasian Institute of Geoscientists and has sufficient experience relevant to the style of mineralisation and type ofdeposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2004Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.” Mr Maclean consentsto the inclusion in this report of the matters based on this information in the form and context in which it appears.

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Appendix 1: Strong Re-rating potential

EV / Resource (A$ / Resource oz)EV / Resource (A$ / Resource oz)

26Source: Gresham Investment House, 2012

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Appendix 2: Resource Table

Project NameProject Name(cut-off)

‘000t Grade g/t Au Ounces Au

Central Bore Trend (1.0g/t) 519 9.13 153,000

(2012),

Measured 22 22.35 16,000Indicated 444 8.90 128,000Inferred 53 5.25 9,000

Attila Trend (0.5g/t) (2012)(encompasses Attila South; 25 527 1 29 1 060 000

Attila North; Alaric; Khan and Khan North projects)

25,527 1.29 1,060,000

Measured 8,382 1.44 389,000Indicated 9,360 1.24 373,000Inferred 7,785 1.19 298,000TOTAL 26,046 1.45 1,213,000

27August 2012 JORC compliant Gold Resource for the Yamarna Gold Belt

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Appendix 3: Drilling Metres

180 000 Focused Program

160,000

180,000 Focused Program

Well funded drilling program, multiple drill rigs

Aggressive, ongoing campaign

120,000

140,000gg , g g p g

Proven core competence

Growing, experienced team

80,000

100,000 New “Smart Exploration” technologies providing quick, accurate and cost effective results -generates and narrows down targets

40,000

60,000

0

20,000

2006

2007

2008

2009

2010

2011

2012

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Appendix 4: Management Structure

Ian MurrayIan MurrayExecutive Chairman

DEVELOPMENT EXPLORATION CORPORATE

Gordon MurrayBusiness Development

Manager

Ziggy Lubieniecki

Technical Director

Shaun Richardson

Exploration Manager

Sharon GoddardBusiness Services

Manager

Resource

p g

HR / IT /Scoping /

Feasibility studies

Resource expansion / advanced projects

Focus on new gold targets / discoveries

HR / IT / Legal / OSH /

Finance

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Appendix 5: Need for Explorers

Major Global Gold Deposit DiscoveriesMajor Global Gold Deposit Discoveries 1991 - 2010

30Source: Van Eck Global

Annual gold production ~ 90 million ounces

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Appendix 6: WA Gold Legacy

10% of global gold production from10% of global gold production from Australia (#2 globally)

Australian Gold Production

25% rest of Australia

75% WA

WA Gold Production 19% t f

81% Yil

19% rest of WA

3181% Yilgarn

Craton

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Appendix 7: Self Funded Explorer

IBuild pipeline of projects

pSystematic ‘smart’

exploration Expand gold production

IncreaseResources/Reserves

Unlock full potential ofUnlock full potential of

gFocus on breakthrough

gold discoveriesDrilling de-linked from

Target 50k oz Au papotential of

Yamarna potential of

Yamarna

S lf f d dS lf f d d

~400ktpa feed

Own production plant

Drilling de linked from market volatility

Self-funded Exploration

by 2014/2015

Self-funded Exploration

by 2014/2015 g

Attila open pits + Central Bore underground

Production to generate cashProduction to generate cash

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generate cash flow

generate cash flow

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Appendix 8: Pathway to Production

2014201420132013NowNow 2014201420132013NowNow

Central Bore Project Resource update

Underground mine planRecoveries: Met ~97%, gravity ~50%

Feasibility Studies

Construction / ProductionConstruction / Production

Attila TrendFeasibility Studies

Granted mining leasesMultiple open pits Water resource identified

y

Construction / Production

Production bores drilled and pump tested.

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Appendix 9: Mining Area

Attila Trend: Multiple open pits ~ 300ktpa Attila Trend: Multiple open pits 300ktpa @ 1.9 g/t Au

Central Bore: Underground mine ~ 100ktpa @ 9.4 g/t Au

Optimal process plant location – short trucking distancetrucking distance

Sufficient water for plant and consumption

Extension plans:Extension plans:

o Central Bore – below 250m

o Open Pits – underground potentialo Open Pits underground potential

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