Orefinders dec12presentation

RESOURCES INC.

December, 2012 TSX-V: ORX www.orefinders.ca

This presentation has been prepared as at December 14th, 2012 and contains “forward-looking statements” relating but not

limited to the Company’s expectations, plans, intentions and beliefs, under the provisions of Canadian provincial securities

laws. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “await”,

“expect”, “hope”, “goal”, “planned”, “intent”, “estimate”, “may”, “forecast” and “will” or similar words suggesting future

outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions, comments or statements about future

events or performance. Forward-looking information may include statements regarding the estimation of mineral

resources, historical and current exploration results, potential mineralization, potential mineral resources and mineral

reserves, historical non-compliant pre-43-101 drilling results, and is based on current expectations that involve a number

of business risks and uncertainties, many of which are beyond Orefinders Resources Inc.’s ability to control or predict.

Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited

to, failure to establish estimated resources and reserves, the grade and recovery of mined ore varying from estimates,

capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required

governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in the price of

gold and other commodity prices, poor market conditions, delays in the development of projects and other factors.

Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ

materially from expected results that could impede planned business objectives for the Company.

Potential shareholders and prospective investors should be aware that these statements are subject to known and

unknown risks, uncertainties and other unpredictable factors that could cause actual results to differ materially from those

suggested by the forward-looking statements, and undue reliance should not be placed on such statements and

information. Shareholders are cautioned not to place undue reliance on forward-looking information since forward-looking

information involves numerous assumptions, inherent risks and uncertainties, both general and specific. These same

assumptions, risks and uncertainties contribute to the possibility that the predictions, forecasts, projections and various

future events will not occur. Orefinders Resources Inc. undertakes no obligation to update publicly or otherwise revise

any forward-looking information whether as a result of new information, future events or other such factors which affect

this information, except as required by law. All currency numbers are reported in Canadian dollars unless otherwise

indicated.

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TSX-V: ORX www.orefinders.ca

All scientific or technical information contained on this website has been

reviewed and approved by William Yeomans, P.Geo, the President of

Orefinders Resources Inc., who is a "qualified person" as defined in

National Instrument 43-101 of the Canadian Securities Administrators.

Bill Yeomans, P. Geo – President, CEO and Director

◦ A gold exploration professional with over 27 years of experience in all stages of gold exploration

throughout the Americas. Currently a director for Xmet Inc. with extensive exploration and management

experience with junior and major mining companies including BHP and IAMGOLD

Stuart W. Rogers – CFO and Director

◦ Has served as an officer and/or director of technology and resource companies listed on the TSX-V,

TSX, and NASDAQ since1987. Founder and former CFO of Prophecy Resource Corp

Stephen Dulmage - Director

◦ A capital markets and finance professional with over 10 years experience specialized in asset

evaluation, planning and operations management

Adam Travis, B.Sc. Geology - Director

◦ Currently President and CEO of Colorado Resources Inc.

Alex Stewart, B.A., J.D. – Chairman and Director

◦ A former corporate/securities lawyer with over 35 years experience in the financial and public markets

Stephen Stewart, MBA, M.Sc. – VP Corporate Development

◦ MBA from U of Toronto, M.Sc. from U of Florida, with 10 years experience in mining and real estate

Kevin E. Piepgrass, B.Sc. Geology – VP Exploration

◦ Experience in managing and advancing exploration projects toward feasibility and mining in North and

South America and East Africa

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$1.57 million @ $0.10/share (Directors, Management & Associates) 15.7 million shares (33%)

Vendor of Mirado and Derlak Projects (Micon Gold Inc.) 14.1 million shares (30%) Micon Gold Inc. is an unlisted reporting company formed from the amalgamation of Brenbar

Mines Ltd., Concopper Enterprises Inc. and Mirado Nickel Mines Limited on January 1, 2011.

Founders Shares 7.5 million shares (16%)

$3.0m IPO @ $0.50/share 6 million shares

$3.7m Flow-Through shares @ $0.55/share (free trading April 18/13) 3.7 million shares

Total Shares In escrow (included above) 21.1 million shares

Warrants

1,400,000 at $0.50 to April 3, 2017 (escrowed)

291,000 at $0.50 to June18, 2014 (escrowed)

679,000 at $0.50 to June 18, 2014

Options 3,275,000 at $0.50 to April 3, 2017

Estimated Cash Upon Closing CAD $ 5.2 million

Estimated Cash After Year 1 Program CAD $ 1.7 million

47.1 million shares Total Issued

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Fully Diluted 52.8 million shares

Gold projects in two of Canada’s

most prolific gold camps:

Kirkland Lake camp (>40M oz Au

past production)

Red Lake camp (~25M oz Au past

production)

Mirado property is an advanced

stage gold project located approx.

13km south of the Larder Lake

Cadillac Fault

Derlak Red Lake located1800m

NE along strike from Claude

Resources Inc’s Madsen mine

Claude reported an NI-43-101

compliant resource of 928,000 oz

Au (inferred) and 297,000 oz Au

(indicated) at their Madsen Mine

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Deposit model at Mirado similar to Au-Cu-Zn-Ag vein and VMS deposits of the

Doyon-Bousquest-LaRonde mining camp - synmagmatic sulphide veins,

stockworks and disseminated deposits (Examples - Westwood, Doyon, Ellison)

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Abitibi Greenstone

Belt (2.73-2.67 Ga)

>200M oz Au mined

along PDF-LLCF

100M oz Reserves

Kirkland: 50M oz Au

in production to date

> $200M in

exploration in

Kirkland Lake gold

camp for 2012

Volcanics and tuffs

south of LLCF

remain

underexplored


Volcanoclastic and tuffaceous units

favourable for disseminated, VMS and

replacement polymetallic sulphide veins

associated with broad Au zones near

faulted contact of two volcanic cycles

Mirado recognized as bulk tonnage Au

deposit with lithologic and structural

controls and potential for 1-5M oz Au

Mirado does not have any current

mineral resource or reserve estimates

North Zone grab 134.5 g/t Au, 63.5 g/t

Ag, 1.47% Cu and 23.88% Zn

South Zone grab 442 g/t Au, 63 g/t Ag

12 patented claims covering 432 acres

and an additional 10 staked claims

covering 1880 acres (MZ)

7


Historical surface and U/G

drilling focused primarily on

shallow (<150m) high-grade

Au mineralization located in

North and South Zones

Historical drilling focused

within close proximity to open

pit and U/G workings

Bulk tonnage gold potential

was completely ignored – large

sections of core not sampled

Shallow bulk sample in test pit

excavated to <30m depth

Large portion of historical drill

data compiled and digitized

North Zone

South Zone

8


Excellent correlation between IP Chargeability

and Au-bearing Agglomerate unit as well as

surface mineralization previously mapped

Recent IP Geophysics outlines large, mostly

untested chargeability anomaly and indicates potential Au mineralization open in all directions

9

Chargeability

mV/V

19

10

6

4

3

2

1

-1

Chargeability

mV/V

19

10

6

4

3

2

1

-1


Deep IP Chargeability extends potential mineralization to >600m depth

10

Limit of Exploration and Development < 200m

86

-12

10

50

-28

10

50

-35

10

50

-37

10

50

-43


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Mirado - broad Au zones > 600m depth

related to high grade Au-Ag-Cu-Zn

veins and disseminated pyrite in tuffs /

volcaniclastics proximal to major fault

Doyon-Bousquet-Laronde mining camp

produced 22 million oz Au

Doyon Zone 2 Main Pit dominated by

multiple narrow sulphide veins < 7 cm

thickness in volcanics / volcaniclastics

Mirado and Westwood share similar

rock types, styles of mineralization and

similar age for deposition (~2700 Ma)

600m 600m


>40,000m of historical surface and U/G

drilling between 1938 – 1987 *

Four levels of underground workings

developed to maximum depth of 150m

Historic metallurgical work reported

95% Au recovery using direct

cyanidation

Favorable Bond Work Index reported -

13.78 (Dynatec, 1986) due to low silica

Historic Environmental Baseline Study

raised no concerns – Dynatec Mining

Historic production of 89,719 tonnes @

0.114 opt between 1941-43 (Yama

Gold Mines) and 1986-87 (Golden

Shield Resources Report 1987)

*Historic drill hole records from 1938-1987

had no QAQC since the original drill-core is

no longer available. Therefore all past drill

records are considered unreliable. 12


13

Mirado Pit Stockpile from Mirado Pit


Past metallurgical test work indicate a low work index of 13.78,

classified at 200 mesh

Recent petrographic study indicate rock type as Latite (volcanic

equivalent to Monzonite) which contains virtually no quartz

Gold recovery with direct cyanidation using 0.4 kg/t NaCN and 0.3

kg/t CaO extracted 95% Au

Gold recovery from a combined gravity concentration and flotation

was 94.4%

Gold recovery from selective flotation test work was 89.0%

33.8% of gold was free at 95% minus 200 mesh

Samples were sourced from 350 kg of drill core

Test work completed by Lakefield Research Ltd. - 1986

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Estimated timeline toward achieving first NI 43-101

Resource Estimate

Mirado Development

TimelineQ1 - 2013 Q2 - 2013 Q3 - 2013 Q4 - 2013 Q1 - 2014 Q2 - 2014 Budget

IP Geophysical Survey13,847m

(Completed)$200,000

Initial Twin Drilling &

Prospecting Program 4000m DD $560,000

Exploration & Target

Drilling 5000m Diamond Drilling $700,000

Resource/Infill Drilling 6000m Diamond Drilling $840,000

First Nations

Comunication-

Environmental Baseline

Study$100,000

Metallurgical Testwork $50,000

Resource Estimate

(NI 43-101)$50,000

Q1 - 2013 Q2 - 2013 Q3 - 2013 Q4 - 2013 Q1 - 2014 Q2 - 2014 $2,500,000

15


Photo of Austin Tuff outcrop

Madsen Headframe from Derlak Property

16


17


18

Red Lake greenstone belt

has produced 25 million oz

gold from 1930 to present

(Lichtblau et al, 2010)

Property is located <5km

SW of Red Lake Town

Claims (red) tied onto past

producing Madsen Mine

held by Claude Resources

Inc.

Confederation Assemblage

(SE) and Balmer

Assemblage (NW) (3.0-2.7

Ga) present on property

Assemblages separated by

angular unconformity

(Madsen Trend) adjacent to

the Madsen Mine, striking

030˚ and dipping 65˚SE

Derlak Red Lake consists of 11

contiguous patented claims

covering ~542.1 acres

Property located within the Red

Lake Greenstone Belt NW

Ontario, <5km SW of Red Lake

Town

Intermediate to mafic volcanics,

intrusions and tuffs of the

younger Confederation

Assemblage (SE) in contact with

the older Balmer Assemblage

(NW) (3.0-2.7 Ga)

Assemblages separated by

angular unconformity (Madsen

Trend) defined by black dashed

line

19


Au mineralization in the

Madsen Mine is associated

with the Austin and McVeigh

Tuffs (Balmer assemblage)

Both tuffs have been

identified by surface mapping

and historical drilling on the

Derlak Red Lake Property

Historic drilling on property is

limited and shallow

Claude Resources Inc. has

reported an NI-43-101

compliant resource of

928,000 oz Au (inferred) and

297,000 oz Au (indicated) at

their Madsen Mine

20


21


Derlak Red Lake Project Q1 - 2013 Q2 - 2013 Q3 - 2013 Q4 - 2013 Q1 - 2014 Q2 - 2014 Budget

Titan Geophysics Survey16,800m

(Completed)$200,000

Line-cutting 20,000m $20,000

Exploration & Trenching $50,000

Phase 1 Drilling 1,400m Diamond Drilling $200,000

First Nations

Comunication-

Compilation of Results $30,000

Q1 - 2013 Q2 - 2013 Q3 - 2013 Q4 - 2013 Q1 - 2014 Q2 - 2014 $500,000

22


Ability to complete drill program and submit results for a preliminary 43-101

estimate within 12 months in the mining friendly jurisdiction of Kirkland

Lake. The Mirado Project is currently under-explored below the -150m level

The Mirado 2012 IP survey “Chargeability” results demonstrate strongly

mineralized zones from surface >600m

The Derlak Red Lake project is strategically located 1800m NE along strike

of the Madsen Mine, presenting the potential for new business opportunities

Both gold properties are situated on patented claims. Orefinders can earn

100% interest in surface and mining rights in gold camps with infrastructure

Attractive deal structures provide a direct path to 100% ownership on all

properties through low annual cash payments and exploration expenditures

23


Agglomerate samples collected are disseminated throughout with 1-5% py and have a strong correlation with Au.

Oxidized zone with >30% pyrite.

Grab sample assayed 442 ppm Au.

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Mirado - Kirkland Lake

Cash Payments ◦ $25,000 on signing

◦ $50,000 on or before 1st anniversary

◦ $75,000 on or before 2nd anniversary

Work Commitments ◦ $300,000 expenditure before 1st

anniversary

◦ $500,000 expenditure before 2nd anniversary

◦ $1,200,000 expenditure before 3rd anniversary

Terms for 100% Buyout of 3% NSR ◦ 3% NSR of which 1% can be purchased

for a total payment of $1,000,000

◦ 2nd percent purchase for $2,000,000

◦ 3rd percent purchase for $3,000,000

MZ Property – Kirkland Lake




◦ $25,000 on or before 3rd anniversary

◦ $40,000 on or before 4th anniversary


anniversary


◦ $100,000 expenditure before 3rd anniversary

◦ $200,000 expenditure before 4th anniversary

Terms for 100% Buyout of 2% NSR ◦ 2% NSR of which 1% can be purchased

for a total payment of $1,000,000

◦ 2nd percent purchase for $2,000,000

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Derlak Red Lake





anniversary


◦ $500,000 expenditure before 3rd anniversary

Terms of 3% NSR ◦ 3% NSR of which 1% can be

purchased for a total payment of $1,000,000

◦ 2% NSR retained by Vendor

26


Majority of historical drill holes were only partially sampled

Targets remains relatively untested by drilling below -150m

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Mineralization open at depth below 150m

Majority of drill holes are only partially sampled

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IAMGOLD Doyon-Westwood Au Mine Geology and Mineralization http://www.iamgold.com/English/Operations/Operating-Mines/Doyon-Division-Gold-Mines/Geology-Mineralization/default.aspx

Amax Minerals Exploration Mirado Project Diamond Drilling Report 1980 http://www.geologyontario.mndmf.gov.on.ca/gosportal/gos?command=mndmsearchdetails:afri&uuid=32D04SW0201

Golden Shield Resources Limited Mirado Project Drilling Report 1986 http://www.geologyontario.mndmf.gov.on.ca/gosportal/gos?command=mndmsearchdetails:afri&uuid=32D04SW0264

Golden Shield Resources Limited Mirado Project Summary Report1987 http://www.geologyontario.mndmf.gov.on.ca/gosportal/gos?command=mndmsearchdetails:afri&uuid=32D04SW0141

Claude Resources Inc. Mineral Resource Estimation Madsen Deposit 2010 http://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00000498&fileName=/csfsprod/data103/filings/01525862/00000001/n%3A%5CClientServices%5CMiguel%5CPDF%5CClaudeTechReport.pdf

Claude Resources Inc. Powerpoint Presentation June 2012 http://www.slideshare.net/ClaudeResourcesInc/june-2012-13194267

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http://www.iamgold.com/English/Operations/Operating-Mines/Doyon-Division-Gold-Mines/Geology-Mineralization/default.aspx











http://www.geologyontario.mndmf.gov.on.ca/gosportal/gos?command=mndmsearchdetails:afri&uuid=32D04SW0264

http://www.geologyontario.mndmf.gov.on.ca/gosportal/gos?command=mndmsearchdetails:afri&uuid=32D04SW0141

http://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00000498&fileName=/csfsprod/data103/filings/01525862/00000001/n:/ClientServices/Miguel/PDF/ClaudeTechReport.pdf

http://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00000498&fileName=/csfsprod/data103/filings/01525862/00000001/n:/ClientServices/Miguel/PDF/ClaudeTechReport.pdf

http://www.slideshare.net/ClaudeResourcesInc/june-2012-13194267





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