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January 2013

January 2013. New Mining Legislation.

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January 2013

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  1. January 2013

  2. New Mining Legislation “Our government is proud of this legislation and the important steps it has taken to balance the interests of the mineral industry, aboriginal communities and private landowners. Through our Modernized Mining Act, we will see Ontario benefit and our mining industry thrive for decades to come” – Rick Bartolucci – Minister Northern Development and Mines An Industry Reply – “the regulations result in a total transfer of all natural resources to the control of hostile, third-party governments. Canadians must do everything possible to stop this ill-conceived, race-based initiative.” Darryl Stretch President Solid Gold Resources First Nation Response – “It is the duty of the Crown – the governments of Canada and Ontario – to ensure the First Nation treaty and aboriginal rights, as well as the duty to consult – are addressed. The current approach encouraged by both governments – for industry to be responsible for undertaking the requirement to address treaty and aboriginal rights, and the duty to consult with First Nations - Is Not Acceptable” Harvey Yesno – Grand Chief, NishnawbeAski Nation - (Grand Chief of 49 F.N’s – Oji-Cree Treaties 9 & 5) Source: Sudbury Mining Journal, December 2012

  3. Lac Seul First Nation Dec 2012: $75,000 – 2nd investment in AurCrest Ownership: 9.9% June 2011: Chris Angeconeb appointed to BoD March 2011: $500,00 investment in AurCrest __________ “The Band Council of Lac Seul First Nation is pleased to have acquired these shares with AurCrest. It reflects the mutual respect that has developed between us and we look forward to building a strong relationship to realize the benefits and opportunities from the mineral exploration industry in our territory. This modern Exploration Company model is a reflection of our community’s interest to work with industry.” Chief Clifford Bull, Dec 21, 2012 Press Release

  4. Richardson Lake Discovery 1 – Traditional Territory of LSFN2 – 110 KM E-NE of Red Lake, ON3 – Adjacent to Gold Canyon Resources

  5. Management Ian A. Brodie-Brown President, CEO, Director Ian has served as President of AurCrest Gold and its predecessor firm, Tribute Minerals, for over 10 years. Subject-matter expert witness, Federal Standing Committee on Northern Resource Development Ottawa 2012 – Speaker CAMA 2011 – Founder of 2 First Nation investment/ownership Resource Companies – AGO & Cyr Drillling Ontario Trevor Boyd, PhD VP, Exploration Trevor has served as VP, Exploration of AurCrestGold / Tribute Minerals for over 8 years. PhD in Geology from the University of Toronto; since 1987 has worked for Noranda, Falconbridge, Westmin Resources, and Tri Origin Exploration. Rob Sanders, PhD Project Manager, Red Lake Previously employed by Gold Canyon Peter Brodie-Brown VP, Shareholder Relations Owen Jurczak, MBA, CFA VP, Corporate Development

  6. Board of Directors Ian Brodie-Brown AurCrestGold – President & CEO Chris AngeconebLac Seul First Nation – Member Dick NemisBold Ventures – President & CEO Bill JohnstoneGardiner Roberts – Partner Frank van de Water Red Tiger Mining – Former CFO Blaine Webster Goldeye Exploration – President & CEO

  7. Share Structure Domicile: Canada Exchange: TSX Venture Symbol: AGO Share Price: $0.06 52 Week High-low: $0.03 - $0.175 Common Shares O/S: 42,413,147 Shares - Fully Diluted: 54,476,962 Market Cap: ~ $2.5 Million

  8. New Gold Discovery – April 2012 15 metres of 1.83 g/t Gold including: 9 metres ---- 2.95 g/t 4 metres ---- 6.0 g/t 3 metres ---- 7.4 g/t 1 metre ---- 11.1 g/t Shear Hosted Quartz Carbonate Zone (New Resource calculation Premier Gold / Micon N/W Ont. Dec/12 – U/G Cut-off grade 2.8 g/t)

  9. Land Holdings

  10. New 2012 Discovery – RL 12-07 1- 150 metres from untested Nose Fold/Axis Fault2 - Local surface grab samples of 12 g/t & 14.3 g/t Au 3 – 10 km’s from GCU – 5.1 M oz of 1.07 g/t Au

  11. Financing Proceeds Richardson Lake Drill Program Working Capital Debt Repayment Dec 2012: Closed $155,000 Working Cap

  12. Land Holdings – 100% Owned 1. East Red Lake: ~ 28,000 Acres - Gold Prospects Richardson Lake Discovery 15 m of 1.83 g/t gold Including 1 m of 11.10 g/t 2. Ring of Fire: ~ 41,000 Acres - Base Metals 3. Confederation Lake: ~ 35,000 Acres - Base Metals Arrow Zone Discovery 2,070,000 tonnes (43-101 Indicated Resource) 5.92% Zn, 0.75% Cu, 0.58 g/t Au, 21.1 g/t Ag, 34.60 g/t In

  13. Major Shareholders Lac Seul First Nation – 9.9% Pinetree Capital – approx 12% Management & BoD – approx 15%

  14. Share Structure

  15. Ontario’s Modernized Mining Act “Exploration Plans: In order to undertake certain early exploration activities, an exploration plan must be submitted, and any surface rights owners must be notified. Aboriginal communities potentially affected by the exploration plan activities will be notified by the Ministry of Northern Development and Mines (MNDM) and have an opportunity to provide feedback before the proposed activities can be carried out. Submission of an exploration plan is voluntary beginning November 1, 2012. Exploration plans will be mandatory as of April 1, 2013.” MNDM Website, “New Regulations: What you need to know”

  16. Ontario’s Modernized Mining Act “Exploration Permits: Some early exploration activities will require an exploration permit. Those activities will only be allowed to take place once the permit has been approved by MNDM. Surface rights owners must be notified when applying for a permit. Aboriginal communities potentially affected by the exploration permit activities will be consulted and have an opportunity to provide comments and feedback before a decision is made on the permit. Submission of an application for an exploration permit is voluntary beginning November 1, 2012. Exploration permits will be mandatory as of April 1, 2013.” MNDM Website, “New Regulations: What you need to know”

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