New Carolin Gold Corp.TSX-V: LAD

Past Gold Producer &

New Mine Opportunity

Targeting a Multimillion Ounce Gold Resource

November 2012

*

* Carolin Mines Ltd, historical database archive doré bar photograph, a junior gold producer from 1982 to 1984.

Forward Looking Statements

• The forward looking statements contained in this presentation are made as of the date of this presentation and New Carolin Gold Corp. does not intend, and does not assume any obligation to update these statements.

• Forward looking statements include but are not limited to statements with respect to the timing and estimated future of mine exploration and development, the success of such activities, expenditures, estimated costs, permitting and requirements for additional capital.

• Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements expressed or implied by such statements.

An Asset Rich Gold Opportunity

• Developing the "Ladner Gold Project” 150 km east from Vancouver - potential for a multimillion ounce gold resource in the under-explored Coquihalla Gold Belt approximately 144 square km of contiguous claims

• 3 small past producing mines

• Mining permit in place

• Gold resource in tailings pond: NI 43-101 of 28,700 oz indicated

• Existing permitted tailings storage facility

• 10 kilometers of existing underground mine structure with NI 43-101 gold resource of 691,540 oz (inferred)

• 30% of mill complex still standing, 1300 tonne/day mill

• Potential open pit

• Positive metallurgical test work (August 2012)

Market Summary

• Stock Exchange: TSX-V

• Stock Symbol: LAD

• 52 week high to low: C$0.185 to C$0.075

• Shares outstanding: 52,826,839

• Warrants: 4,577,877 av. C$0.16

• Options: 3,780,000 av. C$0.11

• Convertible Debenture: 12,300,000 (C$0.12 conversion)

• Fully Diluted: 73,484,716*

• Insider Ownership: 11%

*if debenture exercised

Data as of November 5, 2012

Management & Board

Management:

Bruce W. Downing, M.Sc., P.Geo.

President and Chief Executive Officer

Over 40 years experience in resource exploration, technology development and management.

J. Graham Eacott , M.Sc., B.Sc., P.Eng.

Director - Chairman

Over 40 years hands-on diversified international experience in the mining and financial industries

Reda Akladios, B.Comm, CMA

Chief Financial Officer Over 25 years experience in all aspects of corporate finance.

Directors

J. Graham Eacott , M.Sc., B.Sc., P.Eng. – Director & Chairman

Bruce W. Downing, M.Sc., P.Geo. – Director & CEO

Richard T. Gillard - Director

Jerry DeMarco – Director

Advisory Board

Brian E. Abraham, Q.C., LL.B., B.Sc., P.Geo. - Legal

Professor David Dreisinger, Ph.D, P.Eng. –

Metallurgy/Process

David D. Swisher, B.Sc. – Mining

Ed Beswick, P.Eng. – Environment, First Nations

Jo Shearer, M.Sc., P.Geo. – Exploration

Reda Akladios, B.Comm, CMA – Chief Financial Officer

Chris Hilliard, BA - Financial

Robert Thast - Financial

Bruce M. Rykiss – Financial

Ted Weir - Communications

Superior Location & Infrastructure

• 18 kilometres from Hope, British Columbia, Canada

• Year round access

• Access to rail transport

• 2.5 hour drive from Vancouver

• 6 kilometres from a power line

• Road access from the Coquihalla Highway

• Elevation of 800 meters

• Water on site

Add pic of road sign

History of the Area

1915 – 1941: Ward Mine (1917: 4 kg Au) Emancipation Mine (1916-41: 90 kg Au, 19 kg Ag) Aurum Mine (1930: 16 kg Au, 3 kg Ag) Pipestem (Mine 1935-37: 8 kg Au, 1 kg Ag)

1972 – 1984: Carolin Mine (1982-84 : 1450 kg Au, 109 kg Ag)

1990 – 1997: Exploration by Anglo Swiss 1990-1991Exploration and mine development by Athabaska Gold Resource

C$ 45 million spent on exploration, development & mining from 1975 to 1997

2000 - 2011: 2002 Tamerlane Ventures acquires property2004 Tamerlane Ventures options property to CenturyMining

2008 Module Resources options property from Century Mining 2009 Module opens underground, drills potential McMaster

open pit area, drills tailings pond2010 Module begins metallurgical test work of tailings, drills

McMaster Zone 2011 Module Resources and Century Mining Corp sign a property sales and purchase agreement for 100% ownership2011 Module changes name to New Carolin Gold Corp.

Community Advantages

• British Columbia is viewed internationally as a desirable and politically mining-friendly mining investment destination

• Mine site is situated within a thriving mining district

• 130 km west of Copper Mountain’s copper-gold mine brought into production in mid-2011

• 175 kilometres south of NewGold’s New Afton copper – gold project expected to commence production in mid-2012 and Abacus’s Afton-Ajax copper – gold development project

• Abundance of local skilled workers available

• Strong roots in local community

• Member of Hope Chamber of Commerce

• Ongoing presentations and community outreach meetings

• Desirable place to live

• First Nations relationship is established and advancing

Favorable Environmental & Sustainability Profile

• Not within any designated or proposed park or environmentally sensitive area

• No other designated commercial interest other than logging and mining

• No known environmental liabilities on site

• LC50 fish mortality test of flotation tailings conducted by Lakefield Research in 1996 indicate fish mortality level was 0%

• Water sampling of tailings outlet, portals and creeks indicate no hazardous levels of elements of concern such as Fe, Cu, Zn, Pb, As

• No Acid rock Drainage (ARD) - Acid-base accounting results indicate potential acid consuming material which mitigates costly handling of waste rock

• Baseline water sampling - on going. Most recent sampling: November 2012

Mining and Metallurgy

• 10 kms of pre-existing underground Carolin mine structure

• 800 level track accessible• 850 to 1015 level is ramp accessible • Not flooded

• 30% of mill complex still standing • 2 - 500 ton ball mills• Coarse ore storage • Permitted for 1300 t/day

• Underground rock stability and working conditions are excellent

• Ore is modestly refractory (VG, pyrite, pyrrhotite, arsenopyrite)

• Gravity gold recovery • Flotation of the sample produced a rougher

concentrate containing 39.7 g/t Au, 7.21 g/t Ag and 16.7%S at a gold recovery of 91.3%.

• The pressure oxidation of the concentrate yielded an average sulphide oxidation of 97.2%.

• The gold recovery achieved in POX-CIL testing of flotation concentrate is 96.3%. The overall recovery of gold by flotation-pressure oxidation-cyanidation combined with cyanidation of the flotation tailing is 94.5%

Development Plan

Carolin Mine project

• Increase existing gold resource through surface and underground drilling programs, in keeping with development plans for 2013 (subject to financing)

• Improve recoveries by utilizing modern metallurgical processes

• Investigate various mining scenarios• Initiate PEA on Carolin Mine resource 4th quarter 2013

McMaster Open Pit

• Build on NI 43-101 resource estimate of 79,000 oz (inferred)

• Initiate surface drilling program 3rd quarter 2013• Initiate PEA at McMaster after 2013 drilling program

Tailings Project – Early Cash Flow Potential

• Potential near term cash flow

• Permitted Tailings Storage Facility in excellent condition

• Existing Tailings Storage Facility (TSF) is expandable

• NI 43-101 resource report (approximately 60% of TSF)– Indicated Mineral Resource in Tailings Storage Facility estimated

at 23,700 ounces of gold in 445,378 tons at a cutoff grade of 1.00 g/t gold.

– Inferred Mineral Resource estimate of 5,000 ounces of gold in 93,304 tons at a cutoff grade of 1.00 g/t gold

• Economic PEA completed March 2102

• Process tailings resource using portable processing system

• Target production start date 4th quarter 2013 (subject to financing)

Upside Potential

• Coquihalla Gold Belt has potential for multimillion ounce gold resource

- numerous gold showings which have never been drill tested- eight defined target areas

• Two other small past producing mines may have open pit potential:

– Emancipation Mine – Pipestem Mine

• Primary drill area (1.2 kilometres) between Carolin Mine and McMaster

– historic Montana showing (30 ounces gold from 2 tons at surface)

• Airborne Magnetometer and Radiometric geophysical survey completed over 144 sq kilometers of the Coquihalla Gold Belt. Results indicate 28 kilometres of ultramafic –sediment gold contact.

Gold Resources

Source Cut Off Tonnes Tonnes Grade Gold Gold

  grams indicated inferred grams grams ounces

             

             

TAILINGS 1 445,378 1.83 815,000 23,700

  1   93,304 1.85 172,600 5,000

             

McMASTER ZONE 2.00   548,000 2.24 1,225,000 39,370

   0.5    3,575,000 0.69   2,474,000  79,540

             

CAROLIN MINE 2   2,588,736 3.34 8,649,000 278,000

  0.5   12,352,124 1.53 18,886,000 607,000

NI 43-101 Resources for the Ladner Gold Property GLOBAL TOTAL = Tailings + McMaster + Carolin = 715,000 ounces

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability

Permits

• Current surface and underground 5 year exploration permits (MX-7-185)

• Regulatory authorities indicate amendment to existing mine permit for future open pit mining

• Current Water license

• Mine Permit (M-138) - August 31st 2011

• Environmental bond placement C$200,000 - August 31st 2011

• Permitted Tailings Storage Facility

• Initiated Waste Discharge Permit application – July 2012

Exploration

• Coquihalla Gold Belt has potential to host approximately 1 million + oz of gold prospecting and mapping of numerous gold showings which have never been drill tested

• Two other small past producing mines may have open pit potential:• Emancipation Mine

• 4 portals • 600 m underground workings

• Pipestem Mine • 2 portals • 300 m underground workings

• Area (1.2 kilometres) between Carolin Mine and McMaster has never been drilled

Exploration

Exploration

Airborne Magnetometer survey completed over the claim group. Results show 28 kilometres of ultramafic (purple) – sediment (blue) gold contact area.

Geological Setting & Mineralization

• Coquihalla Gold Belt is comprised of northwesterly trending sub-parallel east and west linears of the Hozameen Fault system and transected by northeasterly trending faults

• Tectonics have resulted in numerous shear and dilatant zones amenable to gold mineralization

• Host to 5 underground mines and over 15 known gold showings.

• Gold/Silver ratio varies from 13:1 to 4:1 depending upon location

• Gold mineralization is both lithologically and structurally controlled

• Several stacked mineralized zones ranging up to 30m in width showing good uniformity of gold grade

• Replacement model together with long intervals of continuous gold mineralization indicating porphyry gold system

• Alteration and mineral paragenesis suggests zoning and more than one period of gold mineralization

Ladner - Gold Hosts

1. Stacked replacement gold zones

2. Gold porphyry areas

3. Several known and distinct gold hosts

4. Folded Conglomerates

5. Vein deposits within Volcanic rocks

6. Unconformity between Volcanics and

Sediments

7. Disseminated in porous Sediments

8. Gold zones occur at ultramafic – sediment

contact along major regional Hozameen

Fault

Investment Checklist

✓ Potential to host multimillion ounce gold resource

✓ Five historic mines producing gold periodically from 1917 to 1984

✓ 691,540 oz. (NI 43-101) inferred resource estimate at Carolin and McMaster Zones

✓ Open pit potential at McMaster Zone (possible super pit to Carolin Mine)

✓ Multimillion dollar historic asset inclusive of tailings, mill, underground workings and database

✓ Mine and exploration permits in good standing

✓ Very favorable location and access to mining related services & resources, resulting in substantial drilling, development and mining economies

✓ Active mine permit shortens path to production

– Many years of development and millions of dollars invested to date places NCGC years ahead of greenfield projects

– No major permitting challenges– Accelerates mine re-activation by

several years and saves CDN $3 to $4 million in estimated permitting, environmental impact study and engineering related costs.

✓ Very low market cap due to prevailing market conditions

✓ Experienced management and technical team with Insider ownership at 11%

✓ Potential for near-term cash flow from reprocessing gold in tailings

✓ PEA confirms viability on tailings resource

Ladner Gold Project Due Diligence Links…

Development

Geology

Geophysics

Exploration

Metallurgy

Mining

Environmental

Resources

Tailings Storage Facility

Technical Reports

Maps

Photo Gallery

Bruce W. Downing, M.Sc, P.Geo, Hon FECDirector - President and Chief Executive OfficerE-mail: ceo@newcarolingold.com

Telephone: +1 778 294 3211Fax: +1 778 294 3212Website: www.newcarolingold.comTwitter: http://twitter.com/NewCarolinGoldFacebook: http://www.facebook.com/NewCarolinGold

New Carolin Gold Corp.1480 Foster StreetSuite 20White Rock, British ColumbiaCanada V4B 3X7