San Gold Corp Nov 2009 Presentation

8/14/2019 San Gold Corp Nov 2009 Presentation

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1Update November, 2009

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2009 Highl ights

Commercial Production Achieved Developed Hinge Mine

Discovered L-13 and Cohiba Zones

Discovered Deep West Zone

Over 350,000 feet dri lled so far

New High Grade Gold Producer

Manitobas Rice Lake Gold Belt


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Corporate Profile

Issued and OutstandingRecent PriceMarket CapitalizationManagement positionInstitutionsLargest

Cash

265,000,000$3.00 Cdn$800,000,00015%55%Goodman + CoGold 2000RBCVan Eck25 m

SGR TSX.V

Coverage:

Cormark Dundee Wellington West TD

PI Financial National Bank BMO GMPSGR 1 yr SGR 5 yr

Avg daily volume 3 month 1,500,0000


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CEO, director: Dale Ginn, B.Sc., P.Geo, geologist, mine management inc ludingHarmony Gold, Goldcorp, Westmin and Hudbay.

Chair, director: Hugh Wynne, mine, mil l, exploration, founded SGR in 1997

Director: Richard Boulay, B.Sc., geologist, finance

Director : Courtney Schearer, MBA, mining, oil , business

Director : Ben Hubert, B.Sc., M.Sc., MBA , environmental consultant

Director : Micheal Power, P.Eng., CFA, mining and evaluation consul tant

Director: James W. McCutcheon, QC, law and major mining company experience

COO: Ian Berzins, P.Eng, , mining engineer, management, construct ionincluding Harmony Gold, Echo Bay, Suncor, Sherwood Copper

CFO: Gestur Kris tjansson, CA, MBA, public finance


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Competitive Advantages

Multiple high grade deposits in proximity to mill

Extremely successful exploration programs Fully permitted in all aspects

Strong balance sheet, no debt

Stable politics and business c limate

Lowest power costs in the wor ld at 2.5 cents per kw /hr

Full infrastructure and access

Skilled personnel, extensive local training


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5High component of gravity gold Grinding circuit, primary ball mill

Current capacity = 1250 tpd, 1800 tpd potential with crushing addit ion (2011)

Buil t 1997 gravity circuit additions 2009, flotation, CIP, dore


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Scale: 10 Kms

Land Posit ion

Rice Lake/Red Lake Belt


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Wingold

Hinge Zone

Six high grade zones discovered in five years

Cohiba ZoneL-13


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L 13 area

Drilling Now

Site and Zone Location


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Includes Rice Lake Upper and Lower, Hinge and Cartwright

Hinge zone adds significant ounces and reduces cost per ounce via grade Hinge resource calc underway.

Hinge Mine developed and in production

Replace jaw crusher, increase mill capacity from 1250 to 1800 tpd by 2011

Cohiba, L-13 and other new zones may contribute as upside

Surface


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Mine and Deposit

Long Section LookingNorth

Location of current drill programs

Cohiba >12 g/T

Hinge >15 g/T

Deep East

96, A, C

98 W Ext

26L New

EmperorNew

L13 >12 g/T

-4000 ft

-3000 ft

-2000 ft

-1000 ft

-5000 ft

Surface

Deep West

1 km ToCartwright


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N

Cohiba

Hinge

L-13

D-shaft

Rice Lake

A-shaft

26-level

28-level

98 vein

6-level

334 vein

New Zone Locations and Rice Lake Mine

With Planned Development

Inclined View looking West


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28-09-155.9m 43.8g

26-09-344.5m 14.8g

98 vein

-5000 ft

-4000 ft

93 vein

94 vein

96, A, C veins

DE zones

Rice Lake Mine

D Shaft Long

Section Looking

North

Location of dr ill results Oct 19, 2009

Deep West Zone

New geology large sulphide zone


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New High Grade Discovery Zones

Hinge Zone

Cohiba Zone

L13

Emperor

New

Hinge Portal


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March 17, 2009 Hinge Ore Exposed

Spring, 2008 Hinge Zone Discovered

July 1, 2009 Bulk Sample Completed

November, 2009 In Production for < $10m

Hinge Zone Timeline

High Quality Ounces Abil ity to Fast Track


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Legend

Mill

Gold ounces recovered: 5,938Overall Mill Recovery: 96%Recovered by Gravity: 37%

Average per hour: 50 tonsMax achieved: 80 tons

Hinge Zone

Bulk Sample Results

July 14, 2009

Mine development underway

Drilling now

Stope 2738 21.7 (0.63) 1737Devel 9024 18.0 (0.53) 4448

Source Tons g/T (oz/t) oz

Cost data ($ Cdn)

Cost/ton mill $19Cost/ton mine $59Total $/ton $78

Total $/ounce $184

Total expenditure $6.5mTotal ft developed 8,000

Rice LakeWingold shaft 1930s AA


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General X-SectionHinge Zones and Deep Rice Lake

Looking East

1000 ft

2000 ft

3000 ft

4000 ft

5000 ft

Rice Lake

Deep East VeinsDrilled 1994

High grade 98 vein hinge-like vein51.4g over 2.7m

And 7.5g over 5m

Wingold shaft 1930s

2931

33

Deep East expl drift

OPEN Not dr illed

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Now drill ing

Current underground drill ing

2000 meters

AA

Deep West Veins

Now drilling


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Cohiba Zone

L13 Zone

+ Predictive evolving model+ Repeating host structures+ Structural control fluid pathways

+ Unexplored volcanic rocks

San Gold

In-house Structural Geological Model Bearing Fruit

A

A

Now drilling


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Scale: 10 Kms

San Gold

Timmins area geology


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This presentation contains certain statements that may be deemed "forward-looking statements". All statements in this

document, other than statements of historical fact, that address events or developments that the Company expects to

occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are

generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",

"projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should"

occur. Forward-looking statements in this document include statements regarding the Company's intention to potentially

acquire mineral properties, statements with respect to a potential financing of units, and statements with respect to the

Companies exploration programs, the Company's. Expenditures on such exploration and the anticipated results of such

exploration

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable

assumptions, such statements are not guarantees of future performance and actual results may differ materially from

those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in

forward looking statements include, failure to successfully negotiate or subsequently close such transactions, inability to

obtain required shareholder or regulatory approvals, uncertainty with respect to findings under exploration programs and

general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of

future performance and actual results or developments may differ materially from those projected in the forward-looking

statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management

on the date the statements are made. The Company undertakes no obligation to update these forward-lookingstatements in the event that management's beliefs, estimates or opinions, or other factors, should change.

These statements are based on a number of assumptions, including, among others, assumptions regarding general

business and economic conditions, the timing of the receipt of shareholder, regulatory and governmental approvals for

the Company's proposed transactions, the ability of management to successfully consummate the proposed transactions

and implement the planned exploration. The foregoing list of assumptions is not exhaustive. Events or circumstances

could cause results to differ materially.

San Gold Corp Nov 2009 Presentation

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