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BALANCING GROWTH AND OPPORTUNITY

JULY 2012
TSX: QMX
OTCQX: AXSMF
Disclaimers

FORWARD-LOOKING INFORMATION:
This presentation contains certain “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and condition of QMX Gold Corporation.
Forward-looking information includes, but is not limited to, statements with respect to estimated production and mine life of the various mineral projects of QMX Gold Corporation; the benefits and the
development potential of the properties of QMX Gold Corporation; the future price of gold; the estimation of mineral reserves and resources; the realization of mineral reserve estimates; the timing and
amount of estimated future production; costs of production; success of exploration activities; and currency exchange rate fluctuations. Forward-looking information may be characterized by words such as
“plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information is based
on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected in the forward-looking information. Assumptions upon which such forward-looking information is based on the successful
completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of mineral reserve and resource
estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; and general economic conditions. Many of these
assumptions are based on factors and events that are not within the control of Alexis and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from
results anticipated by such forward-looking information includes changes in market conditions, variations in ore grade or recovery rates, fluctuating metal prices and currency exchange rates, changes in
project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as
anticipated, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed or
referred to in the annual Management’s Discussion and Analysis and Annual Information Form for QMX Gold Corporation filed with the securities regulatory authorities in Canada and available at under the
corporations profile on SEDAR at www.sedar.com. Although Alexis has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in
forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Alexis undertakes no obligation to update forward-looking information if
circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.
Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking information to the extent they involve estimates of the mineralization that will be
encountered if the property is developed. Comparative market information is as of a date prior to the date of this presentation.

IMPORTANT NOTICE:
This presentation does not constitute an offer to buy or an invitation to sell, any of the securities of QMX Gold Corporation. Such an offer may only be made pursuant to a registration statement and
prospectus filed with the U.S. Securities and Exchange Commission and an offer to purchase and circular filed with Canadian securities regulatory authorities.

CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES:
This presentation uses the terms “Measured, “Indicated” and “Inferred” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and
Exchange Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be
assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic
studies. U.S. investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

NATIONAL INSTRUMENT 43-101:
David Rigg, the Chairman of the Company and a Qualified Person under NI 43-101, has supervised the preparation of and approved the scientific and technical information in this presentation. This
presentation contains information relating to a feasibility study that includes Inferred mineral resources which are considered too speculative geologically to have economic considerations applied to them
that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will be realized.




      JULY 2012                                                               TSX: QMX                       OTCQX: AXSMF                                                                                  2
MANITOBA
                                                                Snow Lake Mine
                                                                Exploration:
                                                                Snow Lake Camp
                                                                - Gold
     Snow Lake Mining Camp
                                      Rouyn-Noranda &
                                    Val-d’Or Mining Camps
                                                                QUEBEC
                                                                Lac Herbin Mine
                                                                Lac Pelletier Project
                     Winnipeg
                                                                Exploration:
                                             Toronto            Val d’Or Camp
                                             Corporate Office
                                                                - Gold & VMS
                                                                Rouyn-Noranda Camp
                                                                - Gold & VMS




JULY 2012                       TSX: QMX    OTCQX: AXSMF                                3
Snow Lake Mine – Growth


 Recently operated by Kinross/High River Gold from
  1995-2005, producing 822,550 ounces gold
 Total historic production of 1.44 M ounces gold
  from Main Mine, No. 3 Zone, and Birch deposits
    — Mined: 12.1 M tons @ 4.67 g/t Au
 All surface installations in place
   — Mine rebuilt in 1995 under TVX-High River JV
   — Crushing, milling and mine infrastructure in
       excellent condition
 Permitting and environmental licenses maintained
 Existing access to ore zone in Main Mine plus ramp
  access to ore zone in #3 Zone


   JULY 2012                   TSX: QMX    OTCQX: AXSMF          4
Snow Lake Mine – Feasibility

  Feasibility Study of Main Mine & #3 Zone – October 2010
  Pre-Production Capital Expenditures                                    $39.7 million
  Sustaining Capital Cost                                                $35.2 million
  Payback Period                                                         1.7 years
  Recoveries                                                             93.3 %
  Average Annual Production                                              83,000 oz.Au
  Mine Life                                                              5 years
  Cash Cost (LOM)                                                        US$ 640/oz.Au
  Cash Cost (LOM)                                                        CDN$ 81.41/ tonne
  Accumulated Cash Flow (Pre Tax)                                        $140.7 million ¹

  Reserves / Resources:
  Proven and Probable Reserve (4.04 g/t)                                 451,900 oz.Au
  Measured and Indicated Resources (4.14 g/t) ²                          728,000 oz.Au
  Inferred Resources (4.43 g/t) ²                                        336,700 oz.Au

¹ Bloomberg average consensus modelled gold price deck of 2011 – $1,277, 2012 – $1,303, 2013 – $1,276, 2014 onwards – $1,051;
¹ Canadian/US foreign exchange at 2011 – 1.04, 2012 at 1.04, 2013 at 1.04 and 1.06 onwards.
² Cut off grade of 1.95 g/t



JULY 2012                                   TSX: QMX            OTCQX: AXSMF                                                5
Snow Lake Mine




JULY 2012   TSX: QMX   OTCQX: AXSMF               6
Snow Lake Mine – Schedule

Main Mine                                Boundary Zone                                             Kim Zone                                       No.3 Zone


             1                                                                                                                           1


                              2
                                                                                                                                                        2
                                     3


                                                                                                  1780L

                  Snow Lake
               Production Begins
                                                                          4
                                     Q    Q   Q   Q   Q   Q       Q   Q       Q   Q    Q     Q     Q        Q    Q    Q    Q        Q        Q     Q    Q    Q    Q        Q
                                     1    2   3   4   5   6       7   8       9   10   11    12    13       14   15   16   17       18       19    20   21   22   23       24
3 Zone Dewatering + Reconditioning
3 Zone Pre-Production from ramp
                                                              1                                                             Commercial Production
3 Zone Production from ramp                                                                  2
                                                                                                                               2000 TPD in Q7
Shaft & Mine Reconditioning
Main Mine Pre-Production
Main Mine Production                                                          1                         2                       3                            4


       JULY 2012                                                  TSX: QMX                  OTCQX: AXSMF                                                               7
Snow Lake Mine - Exploration


Birch Zone                                                  No. 3 Zone
                                                                                         Location and
                                                            Snow Lake Mine
                                                                                           Geology

                                                                                          Mining Camp
                                                                                         with 16 known
#3 Zone
                                                                                         mineral deposits
Kim Zone

Boundary Zone


                            East Zone

                                               Caper Zone                    Snow Lake
 Snow Lake Mine

                                                                         Lalor




                  Bounter Zone



JULY 2012                               TSX: QMX   OTCQX: AXSMF                                       8
Snow Lake Mine - Exploration

Upper Main Mine Area
 2011 exploration identified additional extensions to mining areas on the upper mine levels
 Exploration effort increased our confidence in the mineralized structures within the zone and around the mine area
 Additional areas of potential will be delineated when they can be accessed from the underground




   JULY 2012                               TSX: QMX         OTCQX: AXSMF                                         9
Lac Herbin – Production

LAC HERBIN—Turnaround and Beyond                                          Lac Herbin Average Cash Cost
                                                                                                         Turnaround
                                                               $3,000.00                                 Commences
  2011                                                         $2,500.00

        Review of Mineral Resources                           $2,000.00

        Review of life of mine plan (and reserve)             $1,500.00     $1,500
                                                                             $1,300

        Increasing mine exploration to bolster current        $1,000.00
                                                                                                             2012 Cash Cost
         outlook                                                 $500.00                                       Guidance
        Launched turnaround plan in June, intensive                 $-
         development to give production flexibility                             Q1      Q2          Q3        Q4       Q1
                                                                                             2011                      2012
        Recruitment Phase—hiring skilled miners over the
         third quarter
        Production of 10,197 oz in 2011, with 3,724 in Q4           Lac Herbin Historical Production
                                                               10,000.00
                                                                9,000.00                                 2012 Quarterly
  2012                                                          8,000.00                                 Production Goal
                                                                7,000.00
        Mineral Resource update                                6,000.00
                                                                5,000.00
        Production guidance 18,500 oz to 20,500 oz             4,000.00
        Cost guidance of $1,300 - $1,500 per oz                3,000.00
                                                                2,000.00
        Continue to replace and grow resources                 1,000.00
                                                                    0.00
                                                                           Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
                                                                                 2009          2010             2011       2012


  JULY 2012                                TSX: QMX          OTCQX: AXSMF                                                     10
Mineral Reserves and Resources


Mineral Reserves
                                                   LAC HERBIN(1)                                                                          SNOW LAKE(2)
                                                  (Cut-off 5.0 g/t )                                                                    (Cut-off 1.95 g/t )

                                   Tonnes                         g /t                 Oz Au                           Tonnes                            g /t                    Oz Au

   Proven                          43,000                        7.45                   (3)
                                                                                       10,300                            7,000                          3.81                         900

   Probable                        96,000                        6.45                  19,900                       3,470,000                           4.04                   451,000

    TOTAL                         138,000                        6.81                  30,200                       3,477,000                            3.9                   451,900



       *Mineral reserves are also included in Mineral resource values
       (1) 43-101 Technical Report on Mineral Reserve Estimate at the Lac Herbin Mine, April 18, 2011 prepared by Austin Hitchins, B.Sc., P. Geo., Audrey Lapointe, B.Sc., P. Geo.
       and Patrick Sévigny, Ing.,
       (2) Snow Lake Mine Re-activation Project Technical Report NI 43-101 , December 10. 2010 prepared by Mr. Andre Roy Eng.




  JULY 2012                                                        TSX: QMX                       OTCQX: AXSMF                                                                             11
Mineral Reserves and Resources


Mineral Resources
                                                   LAC HERBIN(1)                                                                         SNOW LAKE(2)

                                   Tonnes                       g /t                 Oz Au                            Tonnes                            g/t                     Oz Au

     M+I                           184,600                       8.2                  48,700                        5,471,000                           4.45                   728,000


  INFERRED                         283,500                       7.4                  67,300                        2,367,000                           4.43                   336,700


   *Reserves are also included in Resource values
   (1) 43-101 Technical Report on Mineral Reserve Estimate at the Lac Herbin Mine, April 18, 2011 prepared by Austin Hitchins, B.Sc., P. Geo., Audrey Lapointe, B.Sc., P. Geo. and Patrick
   Sévigny, Ing.,
   (2) Snow Lake Mine Re-activation Project Technical Report NI 43-101 , December 10. 2010 prepared by Mr. Andre Roy Eng.




  JULY 2012                                                            TSX: QMX                      OTCQX: AXSMF                                                                            12
Production Profile




  100,000                                                   Snow Lake
                                                80-90,000
                                                  (est.)
                                                            Production

Production                          OUTLOOK
   (oz)
              2009
                       2010
   20,000     33,000
                       23,000
                                    2011        18-20,000   Lac Herbin
                                7-12,000          (est.)
                                  (est.)
                                                            Production


  JULY 2012              TSX: QMX     OTCQX: AXSMF                   13
Val D’Or Property



                                                            Aurbel Gold Mill
                                                            Lac Herbin Mine
                                                                                Val-d’Or, Quebec
                                                                                 212 sq.km. 100%-
IAMGOLD
                                                                                  owned by QMX Gold
          Agnico Eagle    Val-d’Or-Malartic Mining Camp (Historic Production)
                             0.7 Mt Cu, 0.7 Mt Zn, 27.2Moz Au, 50.0 Moz Ag
                                                                                 100%-owned Lac
                                                                                  Herbin Mine – in
                         Alexis Gold                        Alexis VMS            production


               Osisko
                         Agnico Eagle




 JULY 2012                                      TSX: QMX            OTCQX: AXSMF                   14
Current Financing Plans

   $10,000,000 Bridge Financing – Closed on January 5, 2012
  Bridge financing provided by Resource Income Fund LP(RIF)
  Loan Terms:
      Annual interest rate of 15%
      Retirement of the bridge will be on closing of a term loan by
        August 31, 2012
  In consideration of the Bridge Financing, RIF received 4,000,000
   warrants with a price of $0.047 as well as a call option on 7,000 oz
   AU at a price of US$1,900
  Proceeds will fund working capital and will be used to retire a $2.1
   million debenture.



JULY 2012                 TSX: QMX   OTCQX: AXSMF                         15
Upcoming Financing Plans


    Snow Lake Project Financing – Announced on May 29, 2012

  US $45 million debt facility
  Term of 4.5 years
  Interest rate of LIBOR + 5.5 % before commercial production and
   LIBOR + 4.5% after commercial production
  Hedging requirement from 40 to 50% of the 4.5 year production
   profile
  Technical due diligence complete
  Other conditions will be negotiated in the course of settling a
   definitive agreement


JULY 2012              TSX: QMX   OTCQX: AXSMF                   16
Restructuring Exploration Assets


 Sale of Rouyn-Noranda Exploration Properties to Druk Capital
            Partners – Announced on May 18, 2012

  $5 million in cash and approximately 18% ownership of Druk
   post-financing, expected to close in Q3 of 2012
  Exploration on properties to continue without dilution at the
   QMX level
  Exploration team to be transferred to Druk Capital
  Exposure to exploration success will be experienced through
   equity participation



JULY 2012              TSX: QMX   OTCQX: AXSMF                     17
Capital Structure


 Outstanding:        Issued                     29.7 Million
                     Warrants                   0.7 Million Average Price $11.80
                     Options                    4.9 Million Average Price $9.20
                     Fully Diluted              35.3 Million

 Share Price         (as of JULY 5, 2012)       C$ 0.50

 Market Cap:         Basic                      C$ 14.8 Million

 Avg. trading volume (30 day average)           31,000 shares/day

 Debt Outstanding Convertible Debt              C$4.21 Million Conversion price $8.00
                  Bridge Loan                   C$10.15 Million




JULY 2012                       TSX: QMX    OTCQX: AXSMF                                18
*Source: NBF and company listings.



JULY 2012   TSX: QMX   OTCQX: AXSMF                                   19
2012 Objectives


 Lac Herbin
     production 18,500 to 20,500
     Resource update Q2
 Snow Lake project to production decisions (1st half of 2012)
     Resource update Q2
     Financing
 Exploration (Ongoing)
     Regional compilation for next round of targets



JULY 2012              TSX: QMX   OTCQX: AXSMF                   20
Management Team

  Directors and Officers
  David Rigg, Chairman
  Maurice Colson, Director
  Robert Bryce, Director
  Mark Eaton, Director
  Chantal Lavoie, Director


  Senior Management
  Franҫois Perron, President and CEO
  Deb Battiston, CFO
  Gerald Thornton, VP Manitoba Operations
  Patrick Sévigny, VP Quebec Operations
  Jean Girard, Exploration Manager, Quebec

JULY 2012                    TSX: QMX   OTCQX: AXSMF          21
Contact Information


                        QMX Gold Corporation

                              TSX: QMX
                            OTCQX: AXSMF


Investor Relations
Rob Hopkins (Toronto)    Louis Baribeau(Montreal)     info@qmxgold.ca
+1 416 861 5899          +1 514 667-2304              www.qmxgold.ca



                            Find us on


JULY 2012                   TSX: QMX     OTCQX: AXSMF                   22

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QMX Gold Corporate Presentation

  • 1. BALANCING GROWTH AND OPPORTUNITY JULY 2012 TSX: QMX OTCQX: AXSMF
  • 2. Disclaimers FORWARD-LOOKING INFORMATION: This presentation contains certain “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and condition of QMX Gold Corporation. Forward-looking information includes, but is not limited to, statements with respect to estimated production and mine life of the various mineral projects of QMX Gold Corporation; the benefits and the development potential of the properties of QMX Gold Corporation; the future price of gold; the estimation of mineral reserves and resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; success of exploration activities; and currency exchange rate fluctuations. Forward-looking information may be characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Assumptions upon which such forward-looking information is based on the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of mineral reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; and general economic conditions. Many of these assumptions are based on factors and events that are not within the control of Alexis and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information includes changes in market conditions, variations in ore grade or recovery rates, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed or referred to in the annual Management’s Discussion and Analysis and Annual Information Form for QMX Gold Corporation filed with the securities regulatory authorities in Canada and available at under the corporations profile on SEDAR at www.sedar.com. Although Alexis has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Alexis undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking information to the extent they involve estimates of the mineralization that will be encountered if the property is developed. Comparative market information is as of a date prior to the date of this presentation. IMPORTANT NOTICE: This presentation does not constitute an offer to buy or an invitation to sell, any of the securities of QMX Gold Corporation. Such an offer may only be made pursuant to a registration statement and prospectus filed with the U.S. Securities and Exchange Commission and an offer to purchase and circular filed with Canadian securities regulatory authorities. CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES: This presentation uses the terms “Measured, “Indicated” and “Inferred” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. NATIONAL INSTRUMENT 43-101: David Rigg, the Chairman of the Company and a Qualified Person under NI 43-101, has supervised the preparation of and approved the scientific and technical information in this presentation. This presentation contains information relating to a feasibility study that includes Inferred mineral resources which are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will be realized. JULY 2012 TSX: QMX OTCQX: AXSMF 2
  • 3. MANITOBA Snow Lake Mine Exploration: Snow Lake Camp - Gold Snow Lake Mining Camp Rouyn-Noranda & Val-d’Or Mining Camps QUEBEC Lac Herbin Mine Lac Pelletier Project Winnipeg Exploration: Toronto Val d’Or Camp Corporate Office - Gold & VMS Rouyn-Noranda Camp - Gold & VMS JULY 2012 TSX: QMX OTCQX: AXSMF 3
  • 4. Snow Lake Mine – Growth  Recently operated by Kinross/High River Gold from 1995-2005, producing 822,550 ounces gold  Total historic production of 1.44 M ounces gold from Main Mine, No. 3 Zone, and Birch deposits — Mined: 12.1 M tons @ 4.67 g/t Au  All surface installations in place — Mine rebuilt in 1995 under TVX-High River JV — Crushing, milling and mine infrastructure in excellent condition  Permitting and environmental licenses maintained  Existing access to ore zone in Main Mine plus ramp access to ore zone in #3 Zone JULY 2012 TSX: QMX OTCQX: AXSMF 4
  • 5. Snow Lake Mine – Feasibility Feasibility Study of Main Mine & #3 Zone – October 2010 Pre-Production Capital Expenditures $39.7 million Sustaining Capital Cost $35.2 million Payback Period 1.7 years Recoveries 93.3 % Average Annual Production 83,000 oz.Au Mine Life 5 years Cash Cost (LOM) US$ 640/oz.Au Cash Cost (LOM) CDN$ 81.41/ tonne Accumulated Cash Flow (Pre Tax) $140.7 million ¹ Reserves / Resources: Proven and Probable Reserve (4.04 g/t) 451,900 oz.Au Measured and Indicated Resources (4.14 g/t) ² 728,000 oz.Au Inferred Resources (4.43 g/t) ² 336,700 oz.Au ¹ Bloomberg average consensus modelled gold price deck of 2011 – $1,277, 2012 – $1,303, 2013 – $1,276, 2014 onwards – $1,051; ¹ Canadian/US foreign exchange at 2011 – 1.04, 2012 at 1.04, 2013 at 1.04 and 1.06 onwards. ² Cut off grade of 1.95 g/t JULY 2012 TSX: QMX OTCQX: AXSMF 5
  • 6. Snow Lake Mine JULY 2012 TSX: QMX OTCQX: AXSMF 6
  • 7. Snow Lake Mine – Schedule Main Mine Boundary Zone Kim Zone No.3 Zone 1 1 2 2 3 1780L Snow Lake Production Begins 4 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 3 Zone Dewatering + Reconditioning 3 Zone Pre-Production from ramp 1 Commercial Production 3 Zone Production from ramp 2 2000 TPD in Q7 Shaft & Mine Reconditioning Main Mine Pre-Production Main Mine Production 1 2 3 4 JULY 2012 TSX: QMX OTCQX: AXSMF 7
  • 8. Snow Lake Mine - Exploration Birch Zone No. 3 Zone Location and Snow Lake Mine Geology Mining Camp with 16 known #3 Zone mineral deposits Kim Zone Boundary Zone East Zone Caper Zone Snow Lake Snow Lake Mine Lalor Bounter Zone JULY 2012 TSX: QMX OTCQX: AXSMF 8
  • 9. Snow Lake Mine - Exploration Upper Main Mine Area  2011 exploration identified additional extensions to mining areas on the upper mine levels  Exploration effort increased our confidence in the mineralized structures within the zone and around the mine area  Additional areas of potential will be delineated when they can be accessed from the underground JULY 2012 TSX: QMX OTCQX: AXSMF 9
  • 10. Lac Herbin – Production LAC HERBIN—Turnaround and Beyond Lac Herbin Average Cash Cost Turnaround $3,000.00 Commences 2011 $2,500.00  Review of Mineral Resources $2,000.00  Review of life of mine plan (and reserve) $1,500.00 $1,500 $1,300  Increasing mine exploration to bolster current $1,000.00 2012 Cash Cost outlook $500.00 Guidance  Launched turnaround plan in June, intensive $- development to give production flexibility Q1 Q2 Q3 Q4 Q1 2011 2012  Recruitment Phase—hiring skilled miners over the third quarter  Production of 10,197 oz in 2011, with 3,724 in Q4 Lac Herbin Historical Production 10,000.00 9,000.00 2012 Quarterly 2012 8,000.00 Production Goal 7,000.00  Mineral Resource update 6,000.00 5,000.00  Production guidance 18,500 oz to 20,500 oz 4,000.00  Cost guidance of $1,300 - $1,500 per oz 3,000.00 2,000.00  Continue to replace and grow resources 1,000.00 0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2009 2010 2011 2012 JULY 2012 TSX: QMX OTCQX: AXSMF 10
  • 11. Mineral Reserves and Resources Mineral Reserves LAC HERBIN(1) SNOW LAKE(2) (Cut-off 5.0 g/t ) (Cut-off 1.95 g/t ) Tonnes g /t Oz Au Tonnes g /t Oz Au Proven 43,000 7.45 (3) 10,300 7,000 3.81 900 Probable 96,000 6.45 19,900 3,470,000 4.04 451,000 TOTAL 138,000 6.81 30,200 3,477,000 3.9 451,900 *Mineral reserves are also included in Mineral resource values (1) 43-101 Technical Report on Mineral Reserve Estimate at the Lac Herbin Mine, April 18, 2011 prepared by Austin Hitchins, B.Sc., P. Geo., Audrey Lapointe, B.Sc., P. Geo. and Patrick Sévigny, Ing., (2) Snow Lake Mine Re-activation Project Technical Report NI 43-101 , December 10. 2010 prepared by Mr. Andre Roy Eng. JULY 2012 TSX: QMX OTCQX: AXSMF 11
  • 12. Mineral Reserves and Resources Mineral Resources LAC HERBIN(1) SNOW LAKE(2) Tonnes g /t Oz Au Tonnes g/t Oz Au M+I 184,600 8.2 48,700 5,471,000 4.45 728,000 INFERRED 283,500 7.4 67,300 2,367,000 4.43 336,700 *Reserves are also included in Resource values (1) 43-101 Technical Report on Mineral Reserve Estimate at the Lac Herbin Mine, April 18, 2011 prepared by Austin Hitchins, B.Sc., P. Geo., Audrey Lapointe, B.Sc., P. Geo. and Patrick Sévigny, Ing., (2) Snow Lake Mine Re-activation Project Technical Report NI 43-101 , December 10. 2010 prepared by Mr. Andre Roy Eng. JULY 2012 TSX: QMX OTCQX: AXSMF 12
  • 13. Production Profile 100,000 Snow Lake 80-90,000 (est.) Production Production OUTLOOK (oz) 2009 2010 20,000 33,000 23,000 2011 18-20,000 Lac Herbin 7-12,000 (est.) (est.) Production JULY 2012 TSX: QMX OTCQX: AXSMF 13
  • 14. Val D’Or Property Aurbel Gold Mill Lac Herbin Mine Val-d’Or, Quebec  212 sq.km. 100%- IAMGOLD owned by QMX Gold Agnico Eagle Val-d’Or-Malartic Mining Camp (Historic Production) 0.7 Mt Cu, 0.7 Mt Zn, 27.2Moz Au, 50.0 Moz Ag  100%-owned Lac Herbin Mine – in Alexis Gold Alexis VMS production Osisko Agnico Eagle JULY 2012 TSX: QMX OTCQX: AXSMF 14
  • 15. Current Financing Plans $10,000,000 Bridge Financing – Closed on January 5, 2012  Bridge financing provided by Resource Income Fund LP(RIF)  Loan Terms:  Annual interest rate of 15%  Retirement of the bridge will be on closing of a term loan by August 31, 2012  In consideration of the Bridge Financing, RIF received 4,000,000 warrants with a price of $0.047 as well as a call option on 7,000 oz AU at a price of US$1,900  Proceeds will fund working capital and will be used to retire a $2.1 million debenture. JULY 2012 TSX: QMX OTCQX: AXSMF 15
  • 16. Upcoming Financing Plans Snow Lake Project Financing – Announced on May 29, 2012  US $45 million debt facility  Term of 4.5 years  Interest rate of LIBOR + 5.5 % before commercial production and LIBOR + 4.5% after commercial production  Hedging requirement from 40 to 50% of the 4.5 year production profile  Technical due diligence complete  Other conditions will be negotiated in the course of settling a definitive agreement JULY 2012 TSX: QMX OTCQX: AXSMF 16
  • 17. Restructuring Exploration Assets Sale of Rouyn-Noranda Exploration Properties to Druk Capital Partners – Announced on May 18, 2012  $5 million in cash and approximately 18% ownership of Druk post-financing, expected to close in Q3 of 2012  Exploration on properties to continue without dilution at the QMX level  Exploration team to be transferred to Druk Capital  Exposure to exploration success will be experienced through equity participation JULY 2012 TSX: QMX OTCQX: AXSMF 17
  • 18. Capital Structure Outstanding: Issued 29.7 Million Warrants 0.7 Million Average Price $11.80 Options 4.9 Million Average Price $9.20 Fully Diluted 35.3 Million Share Price (as of JULY 5, 2012) C$ 0.50 Market Cap: Basic C$ 14.8 Million Avg. trading volume (30 day average) 31,000 shares/day Debt Outstanding Convertible Debt C$4.21 Million Conversion price $8.00 Bridge Loan C$10.15 Million JULY 2012 TSX: QMX OTCQX: AXSMF 18
  • 19. *Source: NBF and company listings. JULY 2012 TSX: QMX OTCQX: AXSMF 19
  • 20. 2012 Objectives  Lac Herbin  production 18,500 to 20,500  Resource update Q2  Snow Lake project to production decisions (1st half of 2012)  Resource update Q2  Financing  Exploration (Ongoing)  Regional compilation for next round of targets JULY 2012 TSX: QMX OTCQX: AXSMF 20
  • 21. Management Team Directors and Officers David Rigg, Chairman Maurice Colson, Director Robert Bryce, Director Mark Eaton, Director Chantal Lavoie, Director Senior Management Franҫois Perron, President and CEO Deb Battiston, CFO Gerald Thornton, VP Manitoba Operations Patrick Sévigny, VP Quebec Operations Jean Girard, Exploration Manager, Quebec JULY 2012 TSX: QMX OTCQX: AXSMF 21
  • 22. Contact Information QMX Gold Corporation TSX: QMX OTCQX: AXSMF Investor Relations Rob Hopkins (Toronto) Louis Baribeau(Montreal) info@qmxgold.ca +1 416 861 5899 +1 514 667-2304 www.qmxgold.ca Find us on JULY 2012 TSX: QMX OTCQX: AXSMF 22