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Committed to Shareholder
Value Creation
BMO Global Metals & Mining Conference
February 26, 2013
                                        TSX: AUQ / NYSE: AUQ
                                         www.auricogold.com
FORWARD LOOKING STATEMENTS
Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future
financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words “expect”,
“believe”, “anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”, “schedule” and similar expressions identify forward-looking statements. Forward-
looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the forward-looking statements.

Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold; changes
in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; any
decision to declare a quarterly dividend; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated
with mining inputs and labor; development delays at the Young-Davidson mine; operating or technical difficulties in connection with mining or
development activities; inherent risks associated with mining and mineral processing; the risk that the Young-Davidson and El Chanate mines may not
perform as planned; uncertainty with the Company’s ability to secure capital to execute its business plans; the speculative nature of mineral exploration
and development, including the risks of obtaining necessary licenses and permits; contests over title to properties; changes in national and local
government legislation in Canada, Mexico and other jurisdictions in which the Company does or may carry on business in the future; risk of loss due to
sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future
cash flows; risks arising from holding derivative instruments; business opportunities that may be pursued by the Company. Many of these uncertainties
and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-
looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All
of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent
Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the
factors underlying forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future
events or otherwise, except as required by applicable law.


Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources

This presentation uses the terms "measured," "indicated" and "inferred” resources. We advise investors that while those terms are recognized and
required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. Under Canadian rules, estimates
of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that
all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not
to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.



                                                                                                                                                                2
Capital Markets Profile


 Capital Structure                         Analyst Coverage
                                            1.     BMO Nesbitt Burns

                                            2.     Canaccord Genuity
 Cash on     hand(1)            US$300M+    3.     CIBC
                                            4.     Credit Suisse
                                            5.     Dahlman Rose

                                            6.     Desjardins Securities
 Available Credit Facility(1)   US$150M
                                            7.     Dundee Securities

                                            8.     GMP Securities

                                            9.     Mackie Research
 Fully diluted shares
                                 258.3M    10.     Macquarie Securities
 outstanding(1)
                                           11.     Merrill Lynch

                                           12.     National Bank

 Market Capitalization                     13.     Raymond James
                                 $1.6B
                                           14.     RBC Capital Markets

                                           15.     Scotia Capital
 NYSE & TSX 3-month avg.                   16.     TD Securities
                                  4.1M
 daily trading volume
                                           17.     UBS


(1) Refer to endnote #1.                                                   3
A High Quality, Low Cost Asset Base

Streamlined Asset Base on the Lower End of the Industry Cost Curve
                                                                                                       $1895

                                                                                                       2011 gold price
                                                                                                       range


                                                                                                       $1319
Cash cost curve (US$/oz)




                                                                          Fosterville           El Cubo
                                           Young-Davidson        Ocampo                     Stawell
                            El Chanate




                                 Percentile of total paid gold                               Current asset

                                                                                             Divested asset
                                                                                        Source: Company documents


“We have significantly traded up on the overall quality of the asset base which positions
 AuRico well for reliable, consistent, and sustainable performance.”
                                                                                                                    4
The Transformed AuRico

Delivering Reliable, Consistent, Sustainable Performance

                              •   High quality operations located in North America
                              •   Divested Non-Core Assets ($1.0B+)
           Quality Assets
                              •   Cash costs at lower end of industry cost curve
                              •   Long mine lives & growing reserves per share


                              • Strong organic production growth profile
   Organic Growth Profile     • Focused on quality, low-cost ounces
                              • Growing production per share


                              • Cash balance of US$300M(1)
    Peer-Leading Balance      • Undrawn debt facility of $150M(1)
           Sheet
                              • Growing profitability and cash flow per share


                              •   Completed $300M substantial issuer bid
     Shareholder Friendly     •   Launched peer-leading dividend policy
          Initiatives         •   Growing dividend per share
                              •   Insider buying
 (1) Refer to endnote #1.                                                            5
High Quality Asset Base

A Pure Gold Producer Focused on Quality Assets in North America

Young-Davidson, Canada                2012A            2013E(3)

Production Au oz.(5)                  56,138           120-140k

Cash Costs per Au oz.(2)            $690-$710         $575-$675

2011 Reserves and Resources (000’s oz Au)

Proven and Probable Reserves          3,831       2.56 Au g/t(4)

Measured and Indicated Resources       956        2.03 Au g/t(4)       Kemess

Inferred Resources                    1,431       2.43 Au g/t(4)

                                                                                             Young-Davidson

El Chanate, Mexico                    2012A            2013E(3)

Production Au oz.                     71,145             70-80k

Cash Costs per Au oz.(2)            $425-$445          $475-$525
                                                                                El Chanate
2011 Reserves and Resources (000’s oz Au)
                                                                                   Orion
Proven and Probable Reserves          1,285           0.65 Au g/t(4)

Measured and Indicated Resources        38            0.42 Au g/t(4)

Inferred Resources                      8             0.46 Au g/t(4)


(2) Refer to endnote #2.   (4) Refer to endnote #4.
(3) Refer to endnote #3.   (5) Refer to endnote #5.                                                       6
Young-Davidson Mine
                                                                                                                     MCM Historic
                                                                                                     Ramp Portal     Mine Workings
                                           2012A             2013E(3)
                                                                                                       10350L
                                                                                          Open Pit
Production (gold ounces)(5)               56,138       120,000-140,000     YD Historic
Cash Costs (per gold ounce)(2)           $690-$710          $575-$675     Mine Workings

P&P Reserves (oz.) (4)                                      3.8 million

Resources   (oz.)(4)                                        1.0 million                                 NG Shaft        MCM Shaft
Mine Life                                                    17 years


                                                                                                                  UBZ Zone
  • Low cost producer & strong
                                                                                                          9890L
    production growth profile
  • Long mine life: Opportunity for
    expansion as reserves increase                                                                                     Mid-Shaft
                                                                                                                       Loading
  • Underground production                                                                                9590L
                                                                                                                        Pocket
    commenced from UBZ (Oct./12)
  • Mill exceeding design capacity                                                                        9400L


  • Hoisting ore during Q3 2013
  • Exploration Focus:                                                                                    9200L

      • YD West Zone
      • Orebody open at depth

                                                                                                          8900L
                                                                    YD West
(2) Refer to endnote #2.         (4) Refer to endnote #4.
(3) Refer to endnote #3.         (5) Refer to endnote #5.
                                                                     Zone                                                       7
Young-Davidson Life of Mine

                          Significant Mine Life: Opportunity for Expansion as Reserves Increase
                 9,000                                                                                                                           300


                 8,000

                                                                                                                                                 250
                 7,000



                 6,000                                                                                                                           200




                                                                                                                                                       Gold ounces (000’s)
Tonnes per day




                 5,000

                                                                                                                                                 150
                 4,000



                 3,000                                                                                                                           100


                 2,000

                                                                                                                                                 50
                 1,000



                    -                                                                                                                            0
                         2012   2013   2014    2015   2016   2017   2018   2019   2020   2021   2022   2023   2024   2025   2026   2027   2028

                                              Open Pit Ore    Underground Ore       Stockpiled Ore     Ounces - Expansion


            Life of Mine profile depicts Proven & Probable Reserves only
                                                                                                                                                                             8
El Chanate Mine
             Delivering Consistent, Stable Results; Lowest Quartile Cash Costs

                   Open Pit Tonnes Per Day                                   Quarterly Production and Cash Costs
                                                               $486
                                                                                                                                   $468
                                                                             $465
                                                                                                              $433     $434
                                                                                         $401     $409

                                          101,305   101,804                                      19,093               19,388
                                 97,591                                              18,080                  17,882
                        82,600                                            16,444
                                                              14,871                                                             14,782
               64,781
    37,625

     2010       2011    Q1-12    Q2-12     Q3-12     Q4-12     Q2-11       Q3-11         Q4-11    Q1-12       Q2-12    Q3-12       Q4-12




•    Cash costs in lower quartile                                                                          2012A           2013E(3)

                                                              Production (gold ounces)                     71,145       70,000-80,000
•    Achieved target mining rates of ~100k tpd
                                                              Cash Costs (per gold ounce)(2)              $425-$445       $475-$525

•    Accelerated pre-development program                      P&P Reserves (oz.)                                          1.3 million

     complete in mid-2013                                     Mine Life                                                    8 years



•    Increasing areas under leach to 80%
•    High exploration potential for expansion of
     existing reserves                                        (2) Refer to endnote #2.
                                                              (3) Refer to endnote #3.                                                     9
New Mineralization at El Chanate
                                   Loma Prieta
                Hole ID From (m)     To (m) Length (m)   Au g/t
               CHCI-705   46.5        54.0      7.5       0.92
               CHCI-716   52.5        64.5     12.0       8.35                       North West Zone
                          58.5        66.0      7.5       3.60     Hole ID   From (m)     To (m) Length (m)   Au g/t
               CHCI-717
                          88.5        93.0      4.5       6.52                 183.0      192.0       9.0      0.31
               CHCI-725   61.5        75.0     13.5       1.70    CHCI-731
                                                                               210.0      217.5       7.5      0.26
               CHCI-727   48.0        54.0      6.0       4.52    CHCI-732      55.5       82.5      27.0      0.45
               CHCI-747   64.5        70.5      6.0       2.10    CHCI-733      24.0       34.5      10.5      0.91
                                                                  CHCI-734     133.5      141.0       7.5      1.51
                                                                  CHCI-735      97.5      103.5       6.0      2.07
                                                                  CHCI-749       7.5       21.0      13.5      0.19




                                                                                        Rono
                                                                   Hole ID   From (m)   To (m)  Length (m)    Au g/t
                                                                  CHCI-740      76.5    135.0      58.5        0.27
                                                                  CHCI-741     114.0    166.5 Hole 741
                                                                                                   52.5        0.34

(view looking south)
 El Chanate Mine       (looking south)                                                                                 10
Kemess Underground


                                                         Kemess, Canada - Copper

                                                         2011 Resources (000’s lbs Cu)


                                                         Measured and Indicated
                                                                                  861,000   0.29%(4)
                                                         Resources


                                                         Inferred Resources       30,000    0.22%(4)


                                                         Kemess, Canada - Gold

                                                         2011 Resources (000’s oz Au)

                                                         Measured and Indicated             0.56 Au
                                                                                  2,610
                                                         Resources                            g/t(4)

                                                                                            0.42 Au
                                                         Inferred Resources        90
                                                                                              g/t(4)



• Copper/gold porphyry deposit located in British Columbia, Canada

• Draft Feasibility Study complete

• Value surfacing opportunity
(4) Refer to endnote #4.                                                                               11
Orion Joint Venture

•    50/50 Joint Venture partnership                Orion, Mexico


        •    AuRico and Minera Frisco               2011 Resources (000’s oz Au Eq)


                                                    Measured and Indicated Resources   330   9.27 Au g/t(4)
        •    $2.0M (10,000m) combined
             exploration program (2013)
                                                    Inferred Resources                 29    4.98 Au g/t(4)

•    110,000 hectare land package (Nayarit
     State, Mexico)

        •    Historic mining district

        •    Low sulfidation, high-grade,
             epithermal vein system mapped over
             12km

        •    Less than 3% of property has been
             drill tested

        •    Minimal exploration near surface and
             untested at depth

•    Value surfacing opportunity
(4) Refer to endnote #4.                                                                                      12
Free Cash Generating Capacity

Increasing production profile (7)

                    400                                                                                       $700




                                                                                                                       Cash costs per ounce
 Ounces (000’s)




                    300                                                                                       $600


                    200                                                                                       $500


                    100                                                                                       $400


                      0                                                                                       $300
                             2012           2013                     2014                     2015
                                         Production                  Cash Costs

Robust cash flow profile driven by long life mines, production growth and decreasing capital expenditure profile (7)

                    $250
                    $150
      US$ (000's)




                     $50
                     ($50)
                    ($150)
                    ($250)
                    ($350)
                    ($450)
                               2012             2013                      2014                       2015
                                            Consolidated Capex               FCF
(7) Refer to endnote #7.                                                                                                                      13
Dividend Policy
•    2013: Equivalent annual dividend of $0.16 per common share (payable quarterly)
•    2014: 20% payout ratio of operating cash flow (“OCF”) generated in the preceding quarter,
     divided by outstanding common shares at time of approval
•    First quarterly dividend expected to be declared on March 25, 2013
•    Leverage to growing cash flow stream
•    Peer-leading yield with opportunity to increase
•    Increased shareholder exposure through recent US$300M share buyback
    Illustrative Yield per Street Consensus Operating Cash Flow per Share(6)
                                                   Payout ratio: 20% OCF
          Initial dividend of
           $0.16/per share                                                      3.3%

                                                           2.7%
                                    2.4%
                  2.3%




                  2013              2014                    2015                2016
      (6) Refer to endnote #6.

                                                                                                 14
Accretive Growth Per Share(7)

Operating Cash Flow per Share (US$)                     Earnings per Share (US$)                                                  Free Cash Flow per Share (US$)
                                  $0.84         $0.83                                              $0.57
                                                                                                                                                                                            $0.66
                                                                                                                                                                           $0.47
                  $0.64
                                                                                 $0.40                            $0.41
                                                             $0.35
                                                                                                                                                       ($0.10)

   $0.30




                                                                                                                                    ($1.51)

  2012E           2013E           2014E         2015E       2012E             2013E                2014E          2015E
                                                                                                                                    2012E               2013E              2014E            2015E




                                                        Proven & Probable Reserves per 1,000
Gold Production (ounces) per 1,000 Shares                                                                                         All-in Resources per 1,000 Shares(8)
                                                        Shares

                                                                                                                                                                                              37.4
                                                                                                                      20.8
                                                  1.2                                                                                                             32.7             32.6
                                                                                          18.2             18.1
                                          1.0
                                                                          15.5
                           0.8
                                                                                                                                                    20.8

                                                            8.8
           0.5
                                                                                                                                     10.1

 0.2



 2011      2012           2013E      2014E      2015E     Apr. 2011      Oct. 2011       YE 2011       YE 2012    Current (Feb.     Apr. 2011      Oct. 2011     YE 2011      YE 2012     Current (Feb.
                                                         (Post CGC      (Post NGX                                    2013)         (Post CGC      (Post NGX                                  2013)
                                                        Acquisition)   Acquisition)                                               Acquisition)   Acquisition)


 (7) Refer to endnote #7.
 (8) Refer to endnote #8.                                                                                                                                                                             15
The Transformed AuRico

                  Delivering Reliable, Consistent, Sustainable Performance

                                     •   High quality operations located in North America
                                     •   Divested Non-Core Assets ($1.0B+)
           Quality Assets
                                     •   Cash costs at lower end of industry cost curve
                                     •   Long mine lives & growing reserves per share


                                     • Strong organic production growth profile
  Organic Growth Profile             • Focused on quality, low-cost ounces
                                     • Growing production per share


                                     • Cash balance of US$300M(1)
   Peer-Leading Balance              • Undrawn debt facility of $150M(1)
          Sheet
                                     • Growing profitability and cash flow per share


                                     •   Completed $300M substantial issuer bid
    Shareholder Friendly             •   Launched peer-leading dividend policy
         Initiatives                 •   Growing dividend per share
                                     •   Insider buying
(1) Refer to endnote #1.                                                                    16
Endnotes

1. Company cash on hand and fully diluted shares (excluding convertible debentures) as of December 31, 2012, have been adjusted for
   the completion of a US$300M Substantial Issuer Bid. For more information on the Substantial Issuer Bid, please refer to the press
   release dated January 29, 2013, available on the Company website at www.auricogold.com. AuRico Gold established a $150M credit
   facility February 1, 2013.

2. Cash costs for the Young-Davidson and El Chanate mines are calculated on a per gold ounce basis, using by-product revenues as a
   cost credit. Cash costs for the Young-Davidson mine are attributable to commercial production ounces only. Cash cost per ounce is a
   non-GAAP performance measure management uses to better assess the Company’s performance for the current period and its
   expected performance in the future. This non-GAAP measure does not have any standardized meaning prescribed by GAAP, and
   should not be considered in isolation from or as a substitute for performance measures prepared in accordance with GAAP. For more
   information regarding this measure, please refer to the press release dated November 12, 2012, under the heading “Non-GAAP
   Measures”, available on the Company website at www.auricogold.com.

3. For more information regarding AuRico Gold’s 2013 operational estimates, including production, costs, and capital investments,
   please refer to the press release dated January 18, 2013, available on the Company website at www.auricogold.com.

4. Reserves and resources for Young-Davidson and El Chanate mines, Kemess Underground, and Orion represent gold or gold
   equivalent grade as per technical reports and Company disclosure. For more information regarding AuRico Gold’s Mineral Reserves
   and Resources as at December 31, 2011, please refer to the press release dated March 5, 2012, available on the Company website at
   www.auricogold.com. Resources excludes inferred resources.

5. Production figures include gold ounces only. 2012 production at the Young-Davidson mine includes pre-production ounces as well as
   ounces produced subsequent to the declaration of commercial production on September 1, 2012.

6. The illustrative yield assumes the share price as of February 13, 2013 and consensus data available as of February 2013. For more
   information regarding AuRico Gold’s dividend policy, please refer to the press release dated February 21, 2013, available on the
   Company website at www.auricogold.com.

7. Figures include 2012 preliminary results, consensus data available as of February 2013, AuRico Gold’s 2013 operational outlook
   disclosed in the press release dated January 18, 2013, available on the Company website at www.auricogold.com, and shares
   outstanding assumed to be constant at the January 31, 2013 level subsequent to the completion of a US$300M Substantial Issuer Bid.
   2012 data reflects current asset base.

8. Includes reserves. Excludes Orion (50%) and Kemess. Based on reserves and resources as at December 31, 2011.
                                                                                                                                         17
Committed to Shareholder
Value Creation
BMO Global Metals & Mining Conference
February 26, 2013
                                        TSX: AUQ / NYSE: AUQ
                                         www.auricogold.com
Appendix
2013 Operational Estimates                                                  (3)




        2013 Operational Estimates
        Gold Production (ounces)
           Young-Davidson                                                          120,000-140,000
           El Chanate                                                               70,000-80,000
        Total Production                                                           190,000-220,000
        Cash Costs per Ounce
           Young-Davidson                                                            $575-$675
           El Chanate                                                                $475-$525
        Total Cash Costs per Ounce                                                   $540-$620
        All-in Cash Costs
           Young-Davidson                                                           $1,250-$1,350
           El Chanate                                                                $900-$1,000
        Total All-in Cash Costs per Ounce                                           $1,100-$1,200
        Capital Investment Program (US$000’s)
           Young-Davidson
                 Non-recurring Growth Capital
                        Paste Backfill Plant                                       $45,000-$50,000
                        Shaft and Mid-Shaft Loading and Crushing Facility          $25,000-$30,000
                        Open Pit Mine Development                                   $6,000-$8,000
                 Sustaining Capital                                                $59,000-$62,000
        Total Capital Investment – Young-Davidson                                 $135,000-$150,000
           El Chanate
                 Non-recurring Growth Capital
                        Southeast Open Pit Expansion                               $20,000-$25,000
                        Heap Leach Expansion                                        $2,000-$3,000
                 Sustaining Capital                                                $13,000-$17,000
        Total Capital Investment – El Chanate                                      $35,000-$45,000
        Total Capital Investment                                                  $170,000-$195,000
        Depletion and Amortization (US$ per ounce)
           Young-Davidson                                                            $300-$310
           El Chanate                                                                $245-$255
        Total Depletion and Amortization                                             $280-$290
        Exploration (US$000’s)
           Young-Davidson                                                            Up to $3,500
           El Chanate                                                                Up to $3,500
           Other Properties                                                          Up to $8,000
        Total Exploration                                                           Up to $15,000
        General and Administrative (US$000’s)
           Corporate G&A                                                              $25,000




(3) Refer to endnote #3.                                                                              20
All-in Costs & Cost Allocation

                                   All-in Costs

  2013 All-in Consolidated Costs   • Provides increased transparency
       $1,100-$1,200 per ounce
                                   • More representative of actual cost of production
             Corporate
               G&A                 • Removes influence of accounting treatments
            Exploration
                                   • Can be reconciled to OCF

             Sustaining

                                                  Cash Cost Allocation


                                                     Materials/Mtc
                                                         9%


                                              Consumables
                                                  19%                Labour
            Cash Costs                                                57%
                                                                 (Includes contract
                                                  Diesel               labour)
                                                   9%

                                                  Power
                                                   6%



                                                                                        21
22
23
Proven and Probable Reserves

                               Proven Reserves                                    Probable Reserves
                                 Tonnes          Gold            Gold                 Tonnes             Gold            Gold
                                 (000's)         (g/t)          Ounces                 (000's)           (g/t)          Ounces
                                                                (000's)                                                 (000's)
Total - El Chanate                  41,783               0.63              851               19,745              0.68           433
Young-Davidson - Surface             4,173               1.40              188                   3,394           1.27           139
Young-Davidson - Underground         5,799               3.05              568               33,259              2.75       2,936
Total Young-Davidson                 9,972               2.36              756               36,653              2.61       3,075
AuRico - Total                      51,755               0.97             1,607              56,398              1.93       3,508


                               Proven and Probable Reserves
                                 Tonnes          Gold            Gold
                                 (000's)         (g/t)          Ounces
                                                                (000's)
Total - El Chanate                  61,528               0.65             1,285
Young-Davidson - Surface             7,567               1.34              327
Young-Davidson - Underground        39,058               2.79             3,504
Total Young-Davidson                46,625               2.56             3,831
AuRico - Total                     108,153               1.47             5,116




                                                                                                                                  24
Measured and Indicated Resources

                               Measured Resources                                                    Indicated Resources
                               Tonnes      Gold           Silver            Gold          Silver     Tonnes     Gold        Silver        Gold        Silver
                                (000's)    (g/t)          (g/t)            Ounces         Ounces      (000's)    (g/t)      (g/t)        Ounces       Ounces
                                                                           (000's)        (000's)                                        (000's)      (000's)
El Chanate                        1,162     0.38                   -                 14        -        1,652     0.44           -               23         -
Young-Davidson - Surface            739     2.02                   -                 48        -        3,499     1.26           -            142           -
Young-Davidson - Underground      1,527       3.01                 -               148         -        8,864      2.17          -            619           -
Total Young-Davidson              2,266       2.69                 -               196         -       12,363      1.91          -            761           -
Orion (50%)                          -              -              -                 -         -          554      3.36         309              65      5,503
Kemess Underground                   -              -              -                 -         -      136,500      0.56          -          2,610           -
AuRico - Total                    3,429            1.90                0           210              0 151,068        0.71            1      3,459        5,503


                               Measured and Indicated Resources
                               Tonnes      Gold           Silver            Gold          Silver
                                (000's)    (g/t)          (g/t)            Ounces         Ounces
                                                                           (000's)        (000's)
El Chanate                        2,814       0.42                 -                 38        -
Young-Davidson - Surface          4,238     1.39                   -               190         -
Young-Davidson - Underground     10,391       2.30                 -               767         -
Total Young-Davidson             14,629       2.03                 -               956         -
Orion (50%)                         554       3.36                309                65     5,503
Kemess Underground              136,500       0.56                 -           2,610           -
AuRico - Total                  154,497            0.74                1       3,669        5,503



                                                                                                                                                                25
Inferred and Copper Resources

                               Inferred Resources
                                  Tonnes             Gold           Silver              Gold             Silver
                                  (000's)            (g/t)           (g/t)             Ounces            Ounces
                                                                                       (000's)           (000's)
El Chanate                                  549              0.46             -                     8         -
Young-Davidson - Surface               3,515                 1.26             -                   142         -
Young-Davidson - Underground          14,784                 2.71             -                  1,289        -
Total Young-Davidson                  18,299                 2.43             -                  1,431        -
Orion (50%)                                 91               3.33                 95               10              275
Kemess Underground                     6,000                 0.42             -                    90         -
AuRico - Total                        24,938                 1.92                 0              1,539             275


                               Copper Resources
                                  Tonnes            Copper          Copper
                                  (000’s)            (%)            Pounds
Kemess Underground                                                  (000's)
Indicated                            136,500                 0.29            861,000
Inferred                               6,000                 0.22             30,000




                                                                                                                     26
Notes to Reserves and Resources

Notes to Reserves and Resources:
• Mineral Reserves and Resources have been stated as at December 31, 2011.
• AuRico acquired Capital Gold Corporation, including the El Chanate and Orion properties, in April 2011. AuRico acquired Northgate Minerals Corporation, including the Young-Davidson,
   Fosterville, Stawell and Kemess properties, in October 2011.
• Mineral Resources are in addition to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability when calculated using Mineral
   Reserve assumptions.
• Following the joint venture agreement completed early 2013, where Minera Frisco acquired a 50% interest in the Orion project.
• Reserves have been calculated in accordance with NI 43-101, as required by Canadian securities regulatory authorities. In addition, while the terms “Measured”, “Indicated and “Inferred”
   Mineral Resources are required pursuant to NI 43-101, the SEC does not recognize such terms. Canadian standards differ significantly from the requirements of the SEC, and Mineral
   Resources disclosed in accordance with the requirements of the SEC. Investors should understand that “Inferred” Mineral Resources have a great amount of uncertainty as to their
   existence and great uncertainty as to their economic and legal feasibility. In addition, investors are cautioned not to assume that any part or all of AuRico Gold’s Mineral Resources
   constitute or will be converted into Reserves.

The following metal prices were used for the calculation of Reserves and Resources:




                                                                      Reserves                                                        Resources

                                                  Au $/oz                  Ag $/oz                    Au $/oz                  Ag $/oz                    Cu $/lb
El Chanate                                                    $1250 USD                -                          $1450 USD                -                        -
Young-Davidson                                                $1250 USD                -                          $1450 USD                -                        -
Orion                                                        -                         -                           $850 USD                 $13.00 USD              -
Kemess Underground                                           -                         -                          $1100 USD                 $20.00 USD               $2.80 USD




                                                                                                                                                                                              27

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BMO Global Metals & Mining Conference

  • 1. Committed to Shareholder Value Creation BMO Global Metals & Mining Conference February 26, 2013 TSX: AUQ / NYSE: AUQ www.auricogold.com
  • 2. FORWARD LOOKING STATEMENTS Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words “expect”, “believe”, “anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”, “schedule” and similar expressions identify forward-looking statements. Forward- looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold; changes in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; any decision to declare a quarterly dividend; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated with mining inputs and labor; development delays at the Young-Davidson mine; operating or technical difficulties in connection with mining or development activities; inherent risks associated with mining and mineral processing; the risk that the Young-Davidson and El Chanate mines may not perform as planned; uncertainty with the Company’s ability to secure capital to execute its business plans; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; contests over title to properties; changes in national and local government legislation in Canada, Mexico and other jurisdictions in which the Company does or may carry on business in the future; risk of loss due to sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; business opportunities that may be pursued by the Company. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward- looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources This presentation uses the terms "measured," "indicated" and "inferred” resources. We advise investors that while those terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. 2
  • 3. Capital Markets Profile Capital Structure Analyst Coverage 1. BMO Nesbitt Burns 2. Canaccord Genuity Cash on hand(1) US$300M+ 3. CIBC 4. Credit Suisse 5. Dahlman Rose 6. Desjardins Securities Available Credit Facility(1) US$150M 7. Dundee Securities 8. GMP Securities 9. Mackie Research Fully diluted shares 258.3M 10. Macquarie Securities outstanding(1) 11. Merrill Lynch 12. National Bank Market Capitalization 13. Raymond James $1.6B 14. RBC Capital Markets 15. Scotia Capital NYSE & TSX 3-month avg. 16. TD Securities 4.1M daily trading volume 17. UBS (1) Refer to endnote #1. 3
  • 4. A High Quality, Low Cost Asset Base Streamlined Asset Base on the Lower End of the Industry Cost Curve $1895 2011 gold price range $1319 Cash cost curve (US$/oz) Fosterville El Cubo Young-Davidson Ocampo Stawell El Chanate Percentile of total paid gold Current asset Divested asset Source: Company documents “We have significantly traded up on the overall quality of the asset base which positions AuRico well for reliable, consistent, and sustainable performance.” 4
  • 5. The Transformed AuRico Delivering Reliable, Consistent, Sustainable Performance • High quality operations located in North America • Divested Non-Core Assets ($1.0B+) Quality Assets • Cash costs at lower end of industry cost curve • Long mine lives & growing reserves per share • Strong organic production growth profile Organic Growth Profile • Focused on quality, low-cost ounces • Growing production per share • Cash balance of US$300M(1) Peer-Leading Balance • Undrawn debt facility of $150M(1) Sheet • Growing profitability and cash flow per share • Completed $300M substantial issuer bid Shareholder Friendly • Launched peer-leading dividend policy Initiatives • Growing dividend per share • Insider buying (1) Refer to endnote #1. 5
  • 6. High Quality Asset Base A Pure Gold Producer Focused on Quality Assets in North America Young-Davidson, Canada 2012A 2013E(3) Production Au oz.(5) 56,138 120-140k Cash Costs per Au oz.(2) $690-$710 $575-$675 2011 Reserves and Resources (000’s oz Au) Proven and Probable Reserves 3,831 2.56 Au g/t(4) Measured and Indicated Resources 956 2.03 Au g/t(4) Kemess Inferred Resources 1,431 2.43 Au g/t(4) Young-Davidson El Chanate, Mexico 2012A 2013E(3) Production Au oz. 71,145 70-80k Cash Costs per Au oz.(2) $425-$445 $475-$525 El Chanate 2011 Reserves and Resources (000’s oz Au) Orion Proven and Probable Reserves 1,285 0.65 Au g/t(4) Measured and Indicated Resources 38 0.42 Au g/t(4) Inferred Resources 8 0.46 Au g/t(4) (2) Refer to endnote #2. (4) Refer to endnote #4. (3) Refer to endnote #3. (5) Refer to endnote #5. 6
  • 7. Young-Davidson Mine MCM Historic Ramp Portal Mine Workings 2012A 2013E(3) 10350L Open Pit Production (gold ounces)(5) 56,138 120,000-140,000 YD Historic Cash Costs (per gold ounce)(2) $690-$710 $575-$675 Mine Workings P&P Reserves (oz.) (4) 3.8 million Resources (oz.)(4) 1.0 million NG Shaft MCM Shaft Mine Life 17 years UBZ Zone • Low cost producer & strong 9890L production growth profile • Long mine life: Opportunity for expansion as reserves increase Mid-Shaft Loading • Underground production 9590L Pocket commenced from UBZ (Oct./12) • Mill exceeding design capacity 9400L • Hoisting ore during Q3 2013 • Exploration Focus: 9200L • YD West Zone • Orebody open at depth 8900L YD West (2) Refer to endnote #2. (4) Refer to endnote #4. (3) Refer to endnote #3. (5) Refer to endnote #5. Zone 7
  • 8. Young-Davidson Life of Mine Significant Mine Life: Opportunity for Expansion as Reserves Increase 9,000 300 8,000 250 7,000 6,000 200 Gold ounces (000’s) Tonnes per day 5,000 150 4,000 3,000 100 2,000 50 1,000 - 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Open Pit Ore Underground Ore Stockpiled Ore Ounces - Expansion Life of Mine profile depicts Proven & Probable Reserves only 8
  • 9. El Chanate Mine Delivering Consistent, Stable Results; Lowest Quartile Cash Costs Open Pit Tonnes Per Day Quarterly Production and Cash Costs $486 $468 $465 $433 $434 $401 $409 101,305 101,804 19,093 19,388 97,591 18,080 17,882 82,600 16,444 14,871 14,782 64,781 37,625 2010 2011 Q1-12 Q2-12 Q3-12 Q4-12 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12 • Cash costs in lower quartile 2012A 2013E(3) Production (gold ounces) 71,145 70,000-80,000 • Achieved target mining rates of ~100k tpd Cash Costs (per gold ounce)(2) $425-$445 $475-$525 • Accelerated pre-development program P&P Reserves (oz.) 1.3 million complete in mid-2013 Mine Life 8 years • Increasing areas under leach to 80% • High exploration potential for expansion of existing reserves (2) Refer to endnote #2. (3) Refer to endnote #3. 9
  • 10. New Mineralization at El Chanate Loma Prieta Hole ID From (m) To (m) Length (m) Au g/t CHCI-705 46.5 54.0 7.5 0.92 CHCI-716 52.5 64.5 12.0 8.35 North West Zone 58.5 66.0 7.5 3.60 Hole ID From (m) To (m) Length (m) Au g/t CHCI-717 88.5 93.0 4.5 6.52 183.0 192.0 9.0 0.31 CHCI-725 61.5 75.0 13.5 1.70 CHCI-731 210.0 217.5 7.5 0.26 CHCI-727 48.0 54.0 6.0 4.52 CHCI-732 55.5 82.5 27.0 0.45 CHCI-747 64.5 70.5 6.0 2.10 CHCI-733 24.0 34.5 10.5 0.91 CHCI-734 133.5 141.0 7.5 1.51 CHCI-735 97.5 103.5 6.0 2.07 CHCI-749 7.5 21.0 13.5 0.19 Rono Hole ID From (m) To (m) Length (m) Au g/t CHCI-740 76.5 135.0 58.5 0.27 CHCI-741 114.0 166.5 Hole 741 52.5 0.34 (view looking south) El Chanate Mine (looking south) 10
  • 11. Kemess Underground Kemess, Canada - Copper 2011 Resources (000’s lbs Cu) Measured and Indicated 861,000 0.29%(4) Resources Inferred Resources 30,000 0.22%(4) Kemess, Canada - Gold 2011 Resources (000’s oz Au) Measured and Indicated 0.56 Au 2,610 Resources g/t(4) 0.42 Au Inferred Resources 90 g/t(4) • Copper/gold porphyry deposit located in British Columbia, Canada • Draft Feasibility Study complete • Value surfacing opportunity (4) Refer to endnote #4. 11
  • 12. Orion Joint Venture • 50/50 Joint Venture partnership Orion, Mexico • AuRico and Minera Frisco 2011 Resources (000’s oz Au Eq) Measured and Indicated Resources 330 9.27 Au g/t(4) • $2.0M (10,000m) combined exploration program (2013) Inferred Resources 29 4.98 Au g/t(4) • 110,000 hectare land package (Nayarit State, Mexico) • Historic mining district • Low sulfidation, high-grade, epithermal vein system mapped over 12km • Less than 3% of property has been drill tested • Minimal exploration near surface and untested at depth • Value surfacing opportunity (4) Refer to endnote #4. 12
  • 13. Free Cash Generating Capacity Increasing production profile (7) 400 $700 Cash costs per ounce Ounces (000’s) 300 $600 200 $500 100 $400 0 $300 2012 2013 2014 2015 Production Cash Costs Robust cash flow profile driven by long life mines, production growth and decreasing capital expenditure profile (7) $250 $150 US$ (000's) $50 ($50) ($150) ($250) ($350) ($450) 2012 2013 2014 2015 Consolidated Capex FCF (7) Refer to endnote #7. 13
  • 14. Dividend Policy • 2013: Equivalent annual dividend of $0.16 per common share (payable quarterly) • 2014: 20% payout ratio of operating cash flow (“OCF”) generated in the preceding quarter, divided by outstanding common shares at time of approval • First quarterly dividend expected to be declared on March 25, 2013 • Leverage to growing cash flow stream • Peer-leading yield with opportunity to increase • Increased shareholder exposure through recent US$300M share buyback Illustrative Yield per Street Consensus Operating Cash Flow per Share(6) Payout ratio: 20% OCF Initial dividend of $0.16/per share 3.3% 2.7% 2.4% 2.3% 2013 2014 2015 2016 (6) Refer to endnote #6. 14
  • 15. Accretive Growth Per Share(7) Operating Cash Flow per Share (US$) Earnings per Share (US$) Free Cash Flow per Share (US$) $0.84 $0.83 $0.57 $0.66 $0.47 $0.64 $0.40 $0.41 $0.35 ($0.10) $0.30 ($1.51) 2012E 2013E 2014E 2015E 2012E 2013E 2014E 2015E 2012E 2013E 2014E 2015E Proven & Probable Reserves per 1,000 Gold Production (ounces) per 1,000 Shares All-in Resources per 1,000 Shares(8) Shares 37.4 20.8 1.2 32.7 32.6 18.2 18.1 1.0 15.5 0.8 20.8 8.8 0.5 10.1 0.2 2011 2012 2013E 2014E 2015E Apr. 2011 Oct. 2011 YE 2011 YE 2012 Current (Feb. Apr. 2011 Oct. 2011 YE 2011 YE 2012 Current (Feb. (Post CGC (Post NGX 2013) (Post CGC (Post NGX 2013) Acquisition) Acquisition) Acquisition) Acquisition) (7) Refer to endnote #7. (8) Refer to endnote #8. 15
  • 16. The Transformed AuRico Delivering Reliable, Consistent, Sustainable Performance • High quality operations located in North America • Divested Non-Core Assets ($1.0B+) Quality Assets • Cash costs at lower end of industry cost curve • Long mine lives & growing reserves per share • Strong organic production growth profile Organic Growth Profile • Focused on quality, low-cost ounces • Growing production per share • Cash balance of US$300M(1) Peer-Leading Balance • Undrawn debt facility of $150M(1) Sheet • Growing profitability and cash flow per share • Completed $300M substantial issuer bid Shareholder Friendly • Launched peer-leading dividend policy Initiatives • Growing dividend per share • Insider buying (1) Refer to endnote #1. 16
  • 17. Endnotes 1. Company cash on hand and fully diluted shares (excluding convertible debentures) as of December 31, 2012, have been adjusted for the completion of a US$300M Substantial Issuer Bid. For more information on the Substantial Issuer Bid, please refer to the press release dated January 29, 2013, available on the Company website at www.auricogold.com. AuRico Gold established a $150M credit facility February 1, 2013. 2. Cash costs for the Young-Davidson and El Chanate mines are calculated on a per gold ounce basis, using by-product revenues as a cost credit. Cash costs for the Young-Davidson mine are attributable to commercial production ounces only. Cash cost per ounce is a non-GAAP performance measure management uses to better assess the Company’s performance for the current period and its expected performance in the future. This non-GAAP measure does not have any standardized meaning prescribed by GAAP, and should not be considered in isolation from or as a substitute for performance measures prepared in accordance with GAAP. For more information regarding this measure, please refer to the press release dated November 12, 2012, under the heading “Non-GAAP Measures”, available on the Company website at www.auricogold.com. 3. For more information regarding AuRico Gold’s 2013 operational estimates, including production, costs, and capital investments, please refer to the press release dated January 18, 2013, available on the Company website at www.auricogold.com. 4. Reserves and resources for Young-Davidson and El Chanate mines, Kemess Underground, and Orion represent gold or gold equivalent grade as per technical reports and Company disclosure. For more information regarding AuRico Gold’s Mineral Reserves and Resources as at December 31, 2011, please refer to the press release dated March 5, 2012, available on the Company website at www.auricogold.com. Resources excludes inferred resources. 5. Production figures include gold ounces only. 2012 production at the Young-Davidson mine includes pre-production ounces as well as ounces produced subsequent to the declaration of commercial production on September 1, 2012. 6. The illustrative yield assumes the share price as of February 13, 2013 and consensus data available as of February 2013. For more information regarding AuRico Gold’s dividend policy, please refer to the press release dated February 21, 2013, available on the Company website at www.auricogold.com. 7. Figures include 2012 preliminary results, consensus data available as of February 2013, AuRico Gold’s 2013 operational outlook disclosed in the press release dated January 18, 2013, available on the Company website at www.auricogold.com, and shares outstanding assumed to be constant at the January 31, 2013 level subsequent to the completion of a US$300M Substantial Issuer Bid. 2012 data reflects current asset base. 8. Includes reserves. Excludes Orion (50%) and Kemess. Based on reserves and resources as at December 31, 2011. 17
  • 18. Committed to Shareholder Value Creation BMO Global Metals & Mining Conference February 26, 2013 TSX: AUQ / NYSE: AUQ www.auricogold.com
  • 20. 2013 Operational Estimates (3) 2013 Operational Estimates Gold Production (ounces) Young-Davidson 120,000-140,000 El Chanate 70,000-80,000 Total Production 190,000-220,000 Cash Costs per Ounce Young-Davidson $575-$675 El Chanate $475-$525 Total Cash Costs per Ounce $540-$620 All-in Cash Costs Young-Davidson $1,250-$1,350 El Chanate $900-$1,000 Total All-in Cash Costs per Ounce $1,100-$1,200 Capital Investment Program (US$000’s) Young-Davidson Non-recurring Growth Capital Paste Backfill Plant $45,000-$50,000 Shaft and Mid-Shaft Loading and Crushing Facility $25,000-$30,000 Open Pit Mine Development $6,000-$8,000 Sustaining Capital $59,000-$62,000 Total Capital Investment – Young-Davidson $135,000-$150,000 El Chanate Non-recurring Growth Capital Southeast Open Pit Expansion $20,000-$25,000 Heap Leach Expansion $2,000-$3,000 Sustaining Capital $13,000-$17,000 Total Capital Investment – El Chanate $35,000-$45,000 Total Capital Investment $170,000-$195,000 Depletion and Amortization (US$ per ounce) Young-Davidson $300-$310 El Chanate $245-$255 Total Depletion and Amortization $280-$290 Exploration (US$000’s) Young-Davidson Up to $3,500 El Chanate Up to $3,500 Other Properties Up to $8,000 Total Exploration Up to $15,000 General and Administrative (US$000’s) Corporate G&A $25,000 (3) Refer to endnote #3. 20
  • 21. All-in Costs & Cost Allocation All-in Costs 2013 All-in Consolidated Costs • Provides increased transparency $1,100-$1,200 per ounce • More representative of actual cost of production Corporate G&A • Removes influence of accounting treatments Exploration • Can be reconciled to OCF Sustaining Cash Cost Allocation Materials/Mtc 9% Consumables 19% Labour Cash Costs 57% (Includes contract Diesel labour) 9% Power 6% 21
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  • 24. Proven and Probable Reserves Proven Reserves Probable Reserves Tonnes Gold Gold Tonnes Gold Gold (000's) (g/t) Ounces (000's) (g/t) Ounces (000's) (000's) Total - El Chanate 41,783 0.63 851 19,745 0.68 433 Young-Davidson - Surface 4,173 1.40 188 3,394 1.27 139 Young-Davidson - Underground 5,799 3.05 568 33,259 2.75 2,936 Total Young-Davidson 9,972 2.36 756 36,653 2.61 3,075 AuRico - Total 51,755 0.97 1,607 56,398 1.93 3,508 Proven and Probable Reserves Tonnes Gold Gold (000's) (g/t) Ounces (000's) Total - El Chanate 61,528 0.65 1,285 Young-Davidson - Surface 7,567 1.34 327 Young-Davidson - Underground 39,058 2.79 3,504 Total Young-Davidson 46,625 2.56 3,831 AuRico - Total 108,153 1.47 5,116 24
  • 25. Measured and Indicated Resources Measured Resources Indicated Resources Tonnes Gold Silver Gold Silver Tonnes Gold Silver Gold Silver (000's) (g/t) (g/t) Ounces Ounces (000's) (g/t) (g/t) Ounces Ounces (000's) (000's) (000's) (000's) El Chanate 1,162 0.38 - 14 - 1,652 0.44 - 23 - Young-Davidson - Surface 739 2.02 - 48 - 3,499 1.26 - 142 - Young-Davidson - Underground 1,527 3.01 - 148 - 8,864 2.17 - 619 - Total Young-Davidson 2,266 2.69 - 196 - 12,363 1.91 - 761 - Orion (50%) - - - - - 554 3.36 309 65 5,503 Kemess Underground - - - - - 136,500 0.56 - 2,610 - AuRico - Total 3,429 1.90 0 210 0 151,068 0.71 1 3,459 5,503 Measured and Indicated Resources Tonnes Gold Silver Gold Silver (000's) (g/t) (g/t) Ounces Ounces (000's) (000's) El Chanate 2,814 0.42 - 38 - Young-Davidson - Surface 4,238 1.39 - 190 - Young-Davidson - Underground 10,391 2.30 - 767 - Total Young-Davidson 14,629 2.03 - 956 - Orion (50%) 554 3.36 309 65 5,503 Kemess Underground 136,500 0.56 - 2,610 - AuRico - Total 154,497 0.74 1 3,669 5,503 25
  • 26. Inferred and Copper Resources Inferred Resources Tonnes Gold Silver Gold Silver (000's) (g/t) (g/t) Ounces Ounces (000's) (000's) El Chanate 549 0.46 - 8 - Young-Davidson - Surface 3,515 1.26 - 142 - Young-Davidson - Underground 14,784 2.71 - 1,289 - Total Young-Davidson 18,299 2.43 - 1,431 - Orion (50%) 91 3.33 95 10 275 Kemess Underground 6,000 0.42 - 90 - AuRico - Total 24,938 1.92 0 1,539 275 Copper Resources Tonnes Copper Copper (000’s) (%) Pounds Kemess Underground (000's) Indicated 136,500 0.29 861,000 Inferred 6,000 0.22 30,000 26
  • 27. Notes to Reserves and Resources Notes to Reserves and Resources: • Mineral Reserves and Resources have been stated as at December 31, 2011. • AuRico acquired Capital Gold Corporation, including the El Chanate and Orion properties, in April 2011. AuRico acquired Northgate Minerals Corporation, including the Young-Davidson, Fosterville, Stawell and Kemess properties, in October 2011. • Mineral Resources are in addition to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability when calculated using Mineral Reserve assumptions. • Following the joint venture agreement completed early 2013, where Minera Frisco acquired a 50% interest in the Orion project. • Reserves have been calculated in accordance with NI 43-101, as required by Canadian securities regulatory authorities. In addition, while the terms “Measured”, “Indicated and “Inferred” Mineral Resources are required pursuant to NI 43-101, the SEC does not recognize such terms. Canadian standards differ significantly from the requirements of the SEC, and Mineral Resources disclosed in accordance with the requirements of the SEC. Investors should understand that “Inferred” Mineral Resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. In addition, investors are cautioned not to assume that any part or all of AuRico Gold’s Mineral Resources constitute or will be converted into Reserves. The following metal prices were used for the calculation of Reserves and Resources: Reserves Resources Au $/oz Ag $/oz Au $/oz Ag $/oz Cu $/lb El Chanate $1250 USD - $1450 USD - - Young-Davidson $1250 USD - $1450 USD - - Orion - - $850 USD $13.00 USD - Kemess Underground - - $1100 USD $20.00 USD $2.80 USD 27