2. Forward Looking Statements
Some of the statements contained in this presentation are forward-looking statements. Forward-looking
statements are not historical facts and are subject to a number of risks and uncertainties beyond the
Company's control, including, but not exclusively, statements regarding potential mineralization,
exploration results, completion of work program and studies, and future plans and objectives of the
Company. Resource exploration, development and operations are highly speculative, characterized by
a number of significant risks, which even a combination of careful evaluation, experience and
knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from
the failure to discover mineral resources but from finding mineral deposits which, though present, are
insufficient in quantity and quality to return a profit from production.
Qualified Person: Mr Stephen R Maynard, M.S., C.P.G., has acted as the qualified person as defined in
National Instrument 43-101 for this disclosure and supervised the preparation of the technical
information in this release.
Guerrero Gold Belt Global Resources taken from Goldcorp December 31, 2011 (Global Resource) and
Torex Gold Website, October 10, 2012.
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3. Strong Foundation for Growth
Proven Mine Finders
• Discovered over 200 million ounces Silver & 8 million ounces Gold
• Involved in two takeovers - $424M West Timmins Mining merger (Lake Shore Gold)
$140M Underworld Resources (Kinross Gold Corp.)
Strong Institutional Ownership
• 50% owned by financial institutions
• 20% owned by management
First Mover Advantage
• First explorer into the Southern Guerrero Gold Belt (“GGB”)
• Large land position in the 21M oz “GGB” (Goldcorp, Torex, Newstrike, Cayden)
Healthy Balance Sheet
• $0.25M working capital with no debt, and tight share structure
• Exploration expenditures constitute 80% of total expenses, only 11% is overhead
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4. Proven Mine Finders
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What? Who? Role at Minaurum
BHP Billiton
2.9MT copper, 7 million oz Gold OK
Tedi Mine
Discovered by Gerald Rayner Senior Consulting Geologist
Excellon Resources
Platosa Silver Mine
Discovered by Dr. Peter Megaw Director, Consulting Geologist,
Property Vendor
Goldcorp
8 million oz Los Filos Gold Deposit
Discovered by David M Jones Director, Senior Geologist, Property
Vendor
Kinross
2 million oz Buckhorn Gold Deposit
David M Jones, Part of Team
credited with discovery
Director, Senior Geologist, Property
Vendor
MAG Silver
200 million oz Silver Juanicipio Deposit
Discovered by Dr. Peter Megaw Director, Consulting Geologist,
Property Vendor
Underworld Resources
$142 million takeover by Kinross
Co-founded by Michael Williams Chairman
West Timmins Mining
$424 million merger with Lake Shore
Gold
Dr. Peter Megaw was property
vendor
Director, Consulting Geologist,
Property Vendor
5. Accomplished Management Team
Darrell Rader, BBA, President, CEO & Director
Mining and exploration financer and operator. Served as
manager of Corporate Development for Energold Drilling and
IMPACT Silver Corp. (2003-2010) during which Energold
expanded from 2 drill rigs to over 80 and had 22 consecutive
profitable quarters. IMPACT Silver moved from early stage
explorer into a profitable silver producer in Mexico.
Stephen Maynard, M.S., Vice President Exploration
Exploration geologist for over 30 years and worked with
geological teams that discovered the 1.5-million-ounce gold
Efemcukuru deposit in Turkey and Metallica Resources' 3-
million-ounce gold Cerro de San Pedro deposit in Mexico.
Cale Moodie, CA, Chief Financial Officer
Previously served as the CFO of both Underworld Resources
prior to its acquisition by Kinross Gold and Sierra Geothermal
prior to its acquisition by Ram Power.
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Board of Directors:
Michael Williams, Chairman
David M. Jones, M.S.
Peter Megaw, Ph.D.
Richard Brissenden, CA.
Lawrence Talbot , LLB
Stephan Zimmermann, Ph.D.
8. What is the Guerrero Gold Belt?
• The Guerrero Gold Belt (GGB) is becoming a world class district for
gold mineral exploration with over 21 million ounces discovered in
the last two decades within a 40 km trend.
• Geological characteristics of an emerging mining district
– BIG: Not one off deposits but multiple deposits that are unified by
common geological characteristics
– SYSTEMATIC: Processes that formed the deposits are part of the
same geological system
• If Big and Systematic, then you have a reasonable predictability and
higher probability of discovery
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9. First Mover into GGB South
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Company Primary
Project
Hectares Reserve (Au) Resource (Au) Market Cap
Goldcorp Inc. No 9000 7.75M oz 5.83M oz n/a
Torex Gold Yes 29,000 5.4M oz $946M
Newstrike Capital Yes 88,000 2.2M oz $87M
Esperanza Resources Yes 15,000 1.64M oz $52M
Cayden Resources Yes 17,000 80,000 oz $41M
Minaurum Gold Yes 18,200 $5M
Citation Resources Yes 38,000 $2M
Mining Companies Operating in the Guerrero Gold Belt
David M. Jones, Senior Geologist & Property Vendor for
Minaurum Gold Inc. developed the exploration model that
resulted in many of the Guerrero Gold Belt “GGB”
discoveries. GGB now totals over 21 million ounces.
10. Major Mines & Deposits in “GGB”
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MGG Projects:
• Vuelcos del
Destino
• Jackie
• El Porfido
Projects cover
Intrusive complexes
similar to current
GGB Deposits
Belt has very good
infrastructure with
roads, electricity,
nearby cities.
11. Vuelcos del Destino – GGB Project
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• 20 kilometers from Goldcorp’s
Los Filos Mine Project
• Geology is identical to that of
the Los Filos and Bermejal
deposits
• Extensive target areas
identified by mapping,
geochemical sampling, and
airborne geophysics
• Mapping and detailed
sampling are currently
underway for the purposes of
drill target identification.
• Drill permitting for 7,500m
program in Summer 2013
12. 12
Los Filos mineralized intrusion sample displayed
next to in-situ Vuelcos intrusion
Vuelcos del Destino – GGB Project
13. Vuelcos del Destino – GGB Project
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Coincident stream sediment geochemistry and VTEM
aeromagnetic anomalies are consistent with Guerrero Gold Belt
style mineralization
1 km
14. 14
District
Scale Gold
Skarn
Drill Defined
Target
Mineral
Grade &
Size
Exploration
Plans
Mineral Discoveries
Aurena - Gold
7,693 hectares
Mineralized trend: 3.5km by 1km
2 drill defined Gold Zones
First Zone: 1.8 km long Gold zone at
depth and open along strike
Second Zone: Near surface and open
in three directions
Prograde gold skarn mineralization,
typical deposits grade 6-8 g/t Au and
total between 2-10 M oz Au
19 holes drilled; 7,000m drill program
completed
Project Adelita - Copper
12,350 hectares
Copper porphyry measuring 3km by 1km
2012 drill assays: 105.2 metres of 1.03%
Copper: including 41.9 m of 2.21%
Copper; 0.93 g/t Gold and 77.5 g/t
Silver & 201.4 metres of 0.52%
Copper.
Recent newly discovered mineralized
skarn across 75m
2,500m drill program completed
15. Aurena - Gold in Soils
Phase One
7,000m drilling
Phase Two
2013
Current
Exploration
Drilling
Gold mineralization remains open to the west,
northwest, north, and at depth.
2nd phase drilling program will focus on delineating the
extent of mineralization
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Hole From (m) To (m) Interval (m) Au (g/t)
AURC-11-001 160.50 181.00 20.50 1.45
including 165.00 173.50 8.50 2.75
AURC-11-002 39.50 47.16 7.66 1.14
including 44.33 47.16 2.83 2.22
AURC-11-005 0.00 29.05 29.05 1.99
including 8.45 27.60 19.15 2.60
AURC-11-006 4.50 48.00 43.50 1.01
including 4.50 13.50 9.00 1.24
and 28.50 48.00 19.50 1.64
AURC-11-007 34.50 40.50 6.00 0.84
and125.20 149.00 23.80 0.99
including 134.00 147.50 15.00 1.33
16. Adelita - Copper Porphyry/Skarn
• Discovery holes:
– 105.2 metres of 1.03% Copper
– 201 metres of 0.52% Copper
• Strong Copper-Gold-Silver mineralization
from surface to 300m depth at Cerro
Grande
• Mezquital target, 2km west of Cerro
Grande is large porphryry system across
15 km
• 8km west of Pan American Silver’s
Alamo Dorado mine
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17. Project Pipeline
17
Santa Marta
Copper-Gold
• 700m strike length of exposed massive
gossan
• Surface sampling yielded up to 1.96 g/t
Gold and 11.54% Copper
• Recent sampling returned 1.1% Cu over
25m in oxidized rock
• Mine active in late 1960s, produced 50k-
70k tons of oxide copper ore, averaging
1.7% copper over 33 meters of sampling,
with up to 2.0 g/t gold and 37 g/t silver. A
sample of hand-sorted mineralization
reportedly contained 8.1% copper, 5.0 g/t
Au, and 645 g/t Ag.
• Phase One – drill permitting underway
Quartz-grain and clay-rich rock (white) on northwest side of
pit, with iron-oxide crust cap, interpreted as leached sulfide-
rich rock (massive sulfide).
18. Project Pipeline cont’d
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Capilla
Silver-Lead-Zinc
• Un-mined veins in
historical 200M oz Ag
District
• Mined veins averaged
1-5m wide grading
1000g/t Ag
• Phase One - 1,400m
drill program
completed March 2012
returned 0.5m of 1,375
g/t Ag, 1.1% Cu, 3.6%
Lead and 9.6% Zinc as
well as 0.55m of 50g/t
Ag, 4.67% Lead and
6.10% Zinc
Source: Silverstone Resource Corp NI 43-101 Oct 16th 2008 & Albinson et al
SEG SP8, 2001, p. 1-32
19. Upcoming News Catalysts
• Vuelcos del Destino gold project
– First to drill GGB South, located 19km from Goldcorp’s Los Filos Mine
– 7,500m drilling program announcement once drill permits are complete
• Adelita copper-gold project & Aurena gold project
– Further surface work is planned at both projects
– Adelita is located 2 kilometres west of Pan American Silver Corp.’s (TSX:
PAA) open pit Alamo Dorado silver mine and so far, results suggest the
Mezquital target is underlain by a large copper-molybdenum porphyry
system, in excess of fifteen square kilometres (see news release dated
May 31, 2012)
– Aurena is located in Oaxaca with an identified 1.8km gold zone open at
depth and along strike
• El Porfido & Jackie Projects
– Exploration update on Jackie & El Porfido
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20. Analyst Coverage
Industrial Alliance Securities Inc. (IAS) is a full service securities brokerage firm
and a wholly owned subsidiary of Industrial Alliance Insurance and Financial
Services Inc. (IA) headquartered in Montreal and Toronto. IAS is a member of
the Investment Industry Regulatory Organization of Canada (IIROC) and the
Canadian Investor Protection Fund (CIPF).
Industrial Alliance is one of the largest public companies in Canada with a
market capitalization of $3 billion and $73 billion in assets under management
as at September 30, 2012.
Merrill McHenry (MBA,CFA) Phone:(416) 203-5825 MMchenry@iagto.ca
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