Mercer Gold Overview Q1 2011

Corporate OverviewJANUARY 2011

Important Disclaimer

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This presentation contains forward looking statements; including in particular, statements about Mercer Gold Corporation's plans, strategies and prospects. These have been based on the Company's current assumptions, expectations and projections about future events

Although the Company believes that the expectations reflected in these forward looking statements are reasonable, the Company can give no assurance that these expectations will prove to be correct or that the results anticipated in the forward looking statements will be achieved. These forward looking statements include risks and uncertainties, which relate to, amongst other things, market conditions, industry uncertainty and other such factors which may cause the Company’s actual results to be materially different.

CORPORATE PRESENTATION | JANUARY 2011

Mission

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• Our property is immediately adjacent to and on strike from a 9.7 million ounce

discovery that is open to expansion

• We have a 43-101 technical report substantiating that we have the same geology

that hosts this neighboring resource

• We have a world-class board of directors; two of whom were involved in the

definition of the neighboring resource

• A 5,000-meter drill program commenced on October 20, 2010. Subject to the

results of that program, a 25,000-meter program is anticipated to commence in 2011

Why Invest in Mercer Gold?


Gold Trends In The Americas

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Colombian Mining Interests

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Select Colombian Mining Finance Activity in 2010

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• December 23, 2010: – Ventana rejects the $1.2-billion hostile takeover bid from Brazilian billionaire Eike Batista, refusing to sell its Colombian assets

• October 25, 2010:– Ventana closes $65 million private placement

• October 14, 2010: – Batero announces closing of CDN$15,750,000 private placement financing

• December 15, 2010: – Sunward announces up to $51.3 million financing anchored by strategic investor

• September 16, 2010:– Continental Gold announces closing of $68,400,000 private placement financing

• February 18, 2010:– B2Gold completes $32 Million common share offering

• August 23, 2010: – Gran Colombia completes $275,000,0000 private placement, Frontino acquisition and reverse takeover of Tapestry Resource Corp.

• December 31, 2010:– Seafield closes $15-million private placement

• June 29, 2010:– Waymar announces closing of private placement to raise $4,000,000

• March 23, 2010:– Colombian Mines completes $3,895,000 private placement

• December 15, 2010:– Alder arranges $3-million private placement

• May 18, 2010:– Alder Closes $3,875,000 Private Placement & enters into agreement on La Montanita Colombian gold property acquisition


Market Capital Comparables as at January 14, 2011

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* This data was compiled with publicly available information and may be inaccurate and or outdated.

Mercer Gold Corp. (OTCQB:MRGP; Frankfurt AN4) Snapshot

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“The similarities of Guayabales and Marmato include a number of key elements, including the same: a) host rocks, b) structural trends, c) styles of mineralization, and d) types of alteration.”

Mercer Gold Corp. is drilling to define resources at its Guayabales Gold Project


NI 43-101: June 17, 2010 (“QP” Dean Turner, CPG)

Recent Drilling Results

“The geological similarities and close proximity (i.e., within 1-2 kilometers) of Guayabales and the Marmato mining complex provides a compelling exploration opportunity for MGC. MGC’s priority target is a bulk-tonnage, gold-silver deposit that will be amenable to open pit mining. However, there remains significant exploration potentialfor higher grade gold-silver mineralization that could be exploited with selective underground mining techniques. Emphasis is placed on the fact that the precious metals mineralization at Marmato is exposed over a vertical extent of more than 1,000 meters, yet exploration at Guayabales has been limited to the upper 100 to 200 meters of the system. As a result, the exploration target at Guayabales not only includes the broad (i.e., in excess of 1 kilometer) lateral projection of the Marmato-Echandia trends onto the property, but as well, a potentially significant projection to depth.”

Bonanza Silver Vein Assays: 1 meter @ 57.3 ounce per tonneAugust 3, 2010: Mercer announces additional surface sampling results from its recently completed mapping and sampling

Mercer Gold Drill Hole MGDH-02 Encounters 4 meters of 2.0 grams per tonne gold and 33.56 grams per tonne silver

January 4, 2011: Mercer Gold receives confirmation of positive results of both gold and silver values from Hole MGDH-02

Drill Hole MGDH-01 Encounters 11.4 meters 2.36 grams per tonne Gold and 37.96 grams per tonne silver at GuayabalesDecember 1, 2010: Mercer Gold receives confirmation of positive results from Hole MGH-01

Share Structure [as at 12.29.2010]

Issued & Outstanding: 68,937,500Restricted: 25,600,000Free trading: 43,037,500

Options outstanding: 6,050,000 @ $0.50Generates: $3,025,000

Warrants: 2,200,000 @ $1.00Generates: $2,200,000

Fully Diluted: 77,187,500

Mercer Gold Begins Toronto Stock Exchange Venture Listing ApplicationNovember 18, 2010: Mercer Gold submits its 43101 technical report for review to the TSX Venture Exchange ("TSX-V") to approve the listing of the Company's common shares on the TSX-V as a Tier 2 issuer

Resource World Magazine – August 2010

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Overview

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Guayabales Gold Project

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• Guayabales is located 2 km NW along strike from the Marmato and adjacent Echendia Districts which are famous for historic gold production over the last 400 years (Colombia’s largest gold district – 16 M oz)

• The same mineralized structures at Marmato and Echendia extend onto the Guayabales Property

• Middle Cauca Gold Belt: 16 Million ounces of production and resource

• One of three major gold districts in Colombia

• Marmato (1x1.5 km) and Echandia (1x1 km) contains hundreds of independent mines, which has resulted in enormous environmental impact

• Located along the eastern margin of the Western Cordillera- Colombia, separated from Paleozoic contental sediments of the Central Cordillera by the Cauca-Romeral fault zone (Cauca River Valley)

Exposed alteration driving to Encanto

Keith Laskowski’s Geology Notes:



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Exposed alteration (2) driving to Encanto

Keith Laskowski’s Geology Notes: • Basement composed of Creataceous Oceanic Seafloor Sediments, Ophiolite and metamorphic rocks

• Intruded by Upper Cretaceous Granodiorite and Quartz Monzonite

• Overlain by Miocene continental sediments

• Mineralization occurs within and adjacent to the Marmato Porphyry stock, a multi-phase intrusive complex measuring 18 km long by 3-6 km wide, elongated N-S

• Contains calc-alkaline Andesitic porphyry (7.1 my) and Dacite Porphyry (6.3 my)

• Alteration dated at 6.7 my (main) and 5.6 my

• Mineralization occurs as two styles and multiple stages:

• Early porphyry-style Cu-Au• Younger Epithermal – Intermediate

Sulphidation Au-Ag (Zn-As)



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Exposed alteration (3) driving to Encanto

Keith Laskowski’s Geology Notes: • Mineralization hosted within and controlled by shear zones and faults/veins:

• Marmato Structures: N45-60W, sub vertical dip

• Echendia Structures: N60-80 W, sub-vertical dip

• Guayabales: N45-80W Structures• Lesser N-S and E-W Structures• Historic and Current Production focuses

on High Grade Structures• Three zones identified from recent work on

Guayabales:• Main Zone: Encanto located within

major shear zone between Marmato stock and adjacent Paleozoic Sediments

• Encanto Zone has at least 10 recent or currently active underground mines

• Encanto Contains Mineralization: 500 m along strike, 20-40 m wide

• Encanto Received 21 Drill Holes (CMC, 2008) which defined continuous mineralized zone



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Keith Laskowski’s Geology Notes:

• Historic and Current Production: Focused on High Grade Structure

• Excellent Potential for Bulk Mineable Mineralization in Adjacent Areas

• New Discoveries at Portada and Mill Zones

• Occur northeast from Encanto and are Hosted in altered Porphyry

• Portado and Mill Zones: New Discoveries: No Drilling or Production

• Combined Width of Target Zone for Bulk Mineable is +1km x 500m



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Keith Laskowski’s Geology Notes: • Mineralization formed as and is characterized as:

• Deep epithermal, intermediate sulphidation

• Associated with a porphyry Cu-Au system at depth

• Similar to Zona Alta and Zona Bajo at Marmato

• Epithermal Gold-Silver system is superimposed on Porphyry System which is also present as Au-Cu-Mo mineralization

• Gold and Silver occurs with Quartz-Sulfide Zones as:

• Native Gold with High Silver Content• Auriferous Pyrite• Argentite, Argentiferous Galena, and

Electrum• Gold Zones Associated with elevated

Zinc and Arsenic geochem• Secondary Geochem assemblage Cu-

Pb-Sb-Cd-Bi• Alteration contains multiple phases of silica-

clay/white mica and sulfides



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Keith Laskowski’s Geology Notes: • Historic work has focused on main high-grade structures and mineralization within the Encanto Zone

• Underground Sampling Produces sporadic High Grade (+50 g/t)

• On average samples run 1-2 meters @ 1-2 g/t

• Historic and current workings focused on sulfide mineralization

• The Main Encanto Zone, and two new areas of mineralization all contain large areas of stockwork and disseminated-style mineralization covering an area of 1 km x 1.5 km. These zones have not been carefully examined

• The Guayabales Property contains a large area which has potential for Bulk Mineable, Oxide, Gold Mineralization similar to La Colossa and Angostura.


Management

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• Prior to joining Ivanhoe, Mr. Flood was a principal at Robertson Stephens & Co., an investment bank in San Francisco where he was a member of the investment team for the Contrarian Fund, a public mutual fund focused on natural resource development projects around the world.

• He is the CEO and Chairman of Western Uranium Corp., Western Lithium Corp. and was Managing Director, Investment Banking, Haywood Securities (UK) Ltd. from March 2007 to March 2010.

Ed Flood Ed Flood has over 35 years of experience in international mining and was previously the Deputy Chairman of Ivanhoe Mines Ltd. and its founding President.

Director


Management

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• Dr. Shaw spent seven years with Chevron Resources in Calgary, employed initially as an in-house structural consultant on both metal and hydrocarbon exploration programs and then as a member of a hydrocarbon project financial evaluation team

• He initiated and developed the Resource Research Group at Charlton Securities Ltd. In Calgary before assuming the position of Senior Mining Analyst, Corporate Finance at Yorkton Securities Inc. in Vancouver

• Dr. Shaw was also the Chairman of Solares Lithium, a junior company which recently merged with TalisonMinerals to create the world's largest lithium production company with an accelerated brine exploration program

• From 2005 to the present, Dr. Shaw has served on the board of directors at First Majestic Silver Corp. and actively serves as President of Albion Petroleum Ltd. and Director of Talison Minerals

Dr. David ShawDr. Shaw was employed as the Chief Executive Officer of Colombia Gold plc, a private U.K. company that was engaged in precious metal exploration in Colombia, which was sold to Medoro Resources in 2010.

Director


Management

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• Formerly President and currently Director of Mainland Resources, Inc., a gas and oil exploration and development company

• Formerly: founding President & Director of Spring & Mercer Capital Corporation (TSXV: SPN.P); Director of Afrasia Mineral Fields (TSXV:AFS); Director of Hastings Resources Corp (TSXV:HAS);

• Has acted as an advisor to various public and private companies.

Rahim Jivraj Rahim Jivraj brings experience in entrepreneurship, international business development, corporate advisory and finance;

President & Director


Management

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• He has played a prominent role in the management of numerous mining companies over the years in positions such as Executive Vice President, VP of Operations, VP of Exploration, General Manager, Mine Manager and lead independent consultant.

• He has been directly responsible for management and strategic development of over 20 mines, many with significant ore bodies and highly sophisticated applied mining techniques.

James Stonehouse James Stonehouse holds a Masters degree in Geology from Dartmouth College and is an experienced mining and resource manager with a long history of field experience in South America.

VP of Exploration


Management

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• Currently CFO and Director of Mainland Resources, Inc., a gas and oil exploration and development company

• Held successive senior management positions with Kerr McGee Corporation China involved in all aspects of managing accounting, budgeting, HR, administration, IT, insurance, taxation and support

William D. Thomas William D. (Bill) Thomas has a lengthy career in finance and accounting for the natural resource sector spanning more than 30 years.

CFO & Director


Management

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• Currently, Mr. Gertner is the Chairman and CEO of Hill & Gertner Capital Corporation, an investment merchant bank and limited market dealer, which has been involved in over $1 billion of transactions; most notably Eaton’s, Dylex and Hip Interactive

• He is a graduate of the University of Toronto with a degree in Architecture and has served as a board member in various public companies and several private entities

Lorne M. Gertner Lorne M. Gertner is a very successful entrepreneur; and the current Chairman and CEO of Hill & Gertner Capital Corporation, an investment merchant bank and limited market dealer

Director


Management

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• Mr. Partarrieu has worked with junior mining companies and negotiated mining exploration and acquisition contracts in Chile and other Latin American countries for more than 20 years.

• As Business Development Manager for Yorkton Securities and later as General Manager and Director of junior mining companies, he identified and negotiated mining contracts, set up and managed operations in Chile and traveled throughout South America assessing business opportunities

Roberto E. Partarrieu Roberto E. Partarrieu has worked with junior mining companies throughout South America for more than 20 years

Director


Overview

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Overview

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Overview

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Overview

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Overview

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Drill Program


Supplement: Current Drilling

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Drill HoleDrill Interval

From To Length Gold Silver

Meters Meters Meters g/T g/T

MGDH-01 20.8 42.5 21.7 1.702 28.43

Including 28.8 42.5 13.7 2.361 37.96

MGDH-01A 30.0 44.0 14.0 2.120 15.54

Including 24.0 44.0 20.0 1.713 12.50

Also 22.0 44.0 22.0 1.585 12.63

MGDH-02 70.0 74.0 4.0 2.000 33.50

Including 108.0 112.0 4.0 0.741 7.00

MGDH-03 201.0 226.0 25.0 0.658 88.93

Including 201.0 215.2 14.2 0.969 149.47

Including 201.0 208.0 7.0 1.152 292.43

MGDH-03 498.0 506.0 8.0 1.959 2.00

Supplement: Current Drilling

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Supplement: Historical Drilling

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Gold equivalent values were calculated using metal prices of $600/oz for gold, $9.75 for silver, $2.25/lb for copper, $0.45/lb for lead. $0.45/lb for zinc and $24.75/lb for molybdenum. No attempt has been made to factor recoverable values at this early stage. The “Gold Equivalent” values stated are for comparative purposes only and are not intended to imply recoverable economic values

Drill Hole

Drill Interval

From To Length Gold Silver Copper Lead Zinc Moly Gold Equiv.

Meters Meters Meters g/T g/T ppm ppm ppm ppm g/T

GDH-1 15.55 45.20 29.7 0.75 8.09 320 276 317 13.5 1.02

Including 15.55 20.30 4.8 3.32 16.86 149 897 1,077 2.1 3.73

GDH-1 188.75 195.80 7.1 1.54 22.29 271 5,163 5,595 6.3 2.48

Including 194.60 195.80 1.2 5.12 43.75 421 11,771 11,970 10.2 7.06

GDH-4 87.85 93.50 5.7 2.55 27.61 434 4,654 6,682 3.6 3.64

Including 90.75 93.50 2.8 4.92 50.45 791 9,512 13,689 8.1 7.03

GDH-7 50.25 72.10 21.9 2.43 16.49 184 3,208 4,364 1.2 3.10

Including 50.25 53.40 3.2 11.00 42.99 395 12,265 15,473 0.5 13.09


Drill Hole

Drill Interval

From To Length Gold Silver Copper Lead Zinc Moly Gold Equiv. *

Meters Meters Meters g/T g/T ppm ppm ppm ppm g/T

GDH08 87 117.85 30.85 1.16 17.04 229 2922 3665 4 1.59

Including 95.5 99.25 3.75 4.81 32.71 412 3914 5222 1 5.63

GDH09 * No significant intercepts

GDH10 * 76 88.50 12.50 0.77 10.12 288 1111 2140 7 1.02

Including 76 78.05 2.05 3.45 33.60 500 5306 10000 2 4.29

GH11 No significant intercepts

GDH12 No significant intercepts

GDH13 91.8 103.60 11.8 3.11 15.26 360 1019 1486 10 3.49

Including 97.9 101.00 3.1 10.82 18.70 491 1776 2395 9 11.29

GDH14 78.9 122.95 43.87 1.24 18.52 526 287 404 15 1.70

Including 96.45 97.50 1.05 18.45 16.60 309 713 678 14 18.86

Also 108.95 110.55 1.6 3.09 11.00 123 234 309 2 3.36

Also 117.95 122.95 5 2.44 67.56 648 10915 1063 9 4.13

GDH15 55.6 72.00 18.4 0.29 14.18 398 94 172 10 0.64

And 110.1 139.45 27.8 1.35 13.18 158 427 518 6 1.68

GDH16 * No significant intercepts

GDH17 No significant intercepts

Supplement: Historical Drilling

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* Drilled using man-portable core rig to test near-surface mineralization

Medoro Resources Ltd. (MRS.TO)

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Mr. Robert James Metcalfe • Non-Executive Independent Chairman of the Board & Director

• Counsel to Metcalfe, Blainey & Burns LLP since January 2001; senior partner with the law firm Lang Michener LLP for 20 years and President & Chief Executive Officer of Armadale Properties for 7 years

• Currently serves as director on a number of boards including Alange Energy Corp., Air IQ Inc., NXA Inc., ION Inc. of England and Envirotower Inc.

Mr. Serafino Iacono• Interim President , CEO & Director

• Over 20 years experience in capital markets and public companies; raising more than two billion dollars for numerous natural resource projects internationally

• Co-founded Medoro and is currently the Executive Co-Chairman and director of both Gran Colombia Gold Corp. and Pacific Rubiales Energy Ltd.

• Also co-founder of Bolivar Gold Corp. and involved in numerous resource and business ventures in Colombia

Mr. Carlos Pinglo• Current CFO and former Vice President of Medoro Resources

• Over 20 years experience in corporate finance, strategic planning, financial reporting and mergers and acquisitions in both Latin America and Canada.

• Previously served as Finance Manager at Maple Leaf Foods Inc. and was Corporate Controller at Silver Eagle Mines Inc. and Excellon Resources Inc.

Marmato 0.3 gram per tonne cut-off Mineral Resource

Medoro is actively drilling to expand and upgrade gold resources at Marmato Mountain


Executive Management Team

• Updated Mineral Resource Estimate Confirms Gold Resources of 6.6 Million Ounces Measured and Indicated and 3.2 Million Ounces Inferred at Marmato

• Medoro Intersects 120.50 Metres of 1.043 g/t Au and 57.90 Metres of 2.221 g/t Au at Its Marmato Project in Colombia

The above estimate is based on over 127,500 metres of diamond drilling and cross-cut samples. In addition to 379 historical drill holes, the updated estimate reflectsresults from 105 drill holes of a definition drilling program planned for 2010/11. Afurther 60 drill holes have been completed since the cut-off date for this estimate andanother 237 drill holes are planned for 2011, the majority of which will beunderground drill holes aimed at upgrading inferred mineral resources to themeasured and indicated categories.

Recent Drilling Results

Mercer Gold CorporationPresident, Rahim Jivraj

Symbol:MRGP–OTCQB

T: +1.877.981.3130 | E: [email protected]

Mercer Gold Overview Q1 2011

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