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Canada Gold

Rebecca Stafford
Rebecca Stafford

Canada Gold Acquires 2 Large Gold Project Packages in Tanzania Totaling 1,988 Square Kilometers The projects have historic small-scale gold mining and potential for gold-copper deposits similar to other mines in the region. Canada Gold plans to complete airborne surveys, prospecting, and drilling to establish targets in 2012. The company aims to raise up to $1.5 million to fund exploration and has a small number of shares issued and management with experience in Africa.

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December 2011
Highlights Huge Prospective Land Holdings in an Emerging Gold District. 100% Ownership. An Excellent Share Structure. Experienced Management. An Aggressive, Systematic Exploration Strategy. Tremendous Upside Potential. 1
Introduction to Tanzania Tanzania has become one of the fastest-emerging gold producers in Africa, and is now the continents third largest gold producing country after South Africa and Ghana. Based upon ongoing projects and developing mines, most of Tanzanias proven gold reserves are from the Lake Victoria Goldfields (LVGF) located in Northern Tanzania. The Handeni/Sindeni area located within Eastern Tanzania, has been known to host gold since 2003. Although the area is regarded as inferior to the Lake Victoria Goldfields (LVGF) (with regards to operational gold mines), Canaco Resources (Canacos) gold discoveries at Kilindi and Magambazi are indicative of a new and emerging exploration environment, capable of hosting primary gold mineralization. Recent graduate level research published by the University of Western Australia show that the highly-endowed Sukumaland Superterrane, the geological host to Tanzania's most significant gold deposits, may have been overprinted on its East-Southeastern extension by a Proterozoic orogeny adjacent to the Mozambique Belt further East. 2
Canada Gold Acquires 2 Large Project Packages 11 Prospecting Licenses Totaling 1988 km2 in Northeastern Tanzania An emerging Gold District. A significant land package, 1800 km2 of which are contiguous. Historic and active small scale/ artisanal Copper and Gold mining on the property. Limited to no modern exploration to date. Numerous target areas identified. Highly prospective for gold- copper mineralization on a similar scale as the Lake Victoria Goldfields in Northern Tanzania. 3
Acquisition Terms Project 1 The consideration for the acquisition are cash payments of US $1,050,000, incurring exploration expenditures of US $4,000,000 and the issuance of 3,500,000 shares from the treasury over a 3 year period. The optionor retains a 2.5% net smelter return royalty of which, 1.5% can be purchased for US $2,000,000 at any time, once all considerations have been satisfied. Project 2 Pursuant to the LOI, the consideration for the acquisition of the Handeni/Sindeni Project #2 consists of cash payments of US $750,000 and the issuance of 3,500,000 common shares from treasury over a 37 month period. The optionor retains a 2.5% net smelter return royalty of which, 1.5% can be purchased for US $2,000,000 at any time, prior to commercial production. 4
Capital Structure Trade Symbol TSX.V: CI Current issued shares 13,039,118 Options 2,380,000 Weighted Average Exercise Price $0.15 Expiry Dates August 16, 2013 Total Cash and Near Cash $500,000 52 Week High/Low $0.325/$0.12 Currently Fully Diluted 15,419,118 shares Acquisition - Project 1 over 30 months 3,500,000 shares - Project 2 over 37 months 3,500,000 shares Total Post Acquisition 22,419,118 shares Proposed Financing 7,500,000 units @ $0.20 Proposed Financing - A WTS 3,750,000 units @ $0.35 Proposed Financing - B WTS 750,000 units @ $0.20 Total Fully Diluted Post Acquisition & Financing 34,419,118 Generating $3,319,500 Gross 5
Management & Directors DAVE MCMILLAN - President & CEO With over 40 years in the resource industries, Dave's career has spanned manufacturing, marketing, sales and financing, including 17 years as an Investment Advisor as VP, Senior VP, Director, and member of the Executive Committee for Yorkton Securities and Yorkton Holdings Inc. Dave holds board positions on several publicly traded oil & gas and mining companies, and is an advisor to various venture capital companies. PAUL LEMMON, P.Geo, FGS, Pr.Sci.Nat - Chief Geologist A professional geologist licensed by the Association of Professional Engineers and GeoScientists of New Brunswick, has held directorships of several exploration companies and is currently President of Northern Lights Exploration Services Corp., an exploration services consulting company based in New Brunswick, Canada; and Chief Geologist of CopperZone Resources Ltd. (Zambia), DiaGeo Resources Ltd. (Tanzania), and GWN Gold Inc. (Mali). Mr. Lemmon, a Professional Graduate of United Kingdoms Institute of Materials, Minerals, and Mining, is a member of several professional associations, a Fellow of the Geological Society of London UK, and was educated at Mt. Allison University in New Brunswick, and Universite de Strasbourg, France. KELSEY CHIN, B.Comm - Chief Financial Officer Ms. Chin has over 7 years experience in audit, finance and accounting within the mining and exploration industry. As an Executive Officer of TintinaGold Resources Inc. and AsiaBaseMetals Inc., Ms. Chin was involved with numerous financings and spin out transactions and was responsible for all aspects of financial services, financial reporting, and corporate governance. She holds a Bachelor of Commerce degree and is currently completing her CGA designation. HAROLD FORZLEY, C.A. - Chairman of the Audit Committee Hardy has over the last 20 years been involved in building numerous exploration and mining companies, most notably Continental Gold Corp. and El Condor Resources, which yielded total returns to their shareholders of over CDN$450 million. Hardy is an Officer and Director for several publicly traded resource sector companies. 6
Management & Directors CHAD MCMILLAN, B.A. (Cmns) - Vice President, Corporate Communications A Simon Fraser University graduate with a Bachelor of Arts in Communications. Chad has 10 years of experience in communications, sales & marketing, management, capital markets, and consulting to the resource exploration industry, having worked with such companies as Yorkton Securities Inc., Pro Line Sports Ltd., and Club Med Inc. He operates a private consulting firm, Animus Ventures Inc. and he is currently President & CEO of Canada Rare Earths Inc., a junior exploration company with properties in Quebec, commencing it's initial exploration program late June 2011. IAN KLASSEN - Independent Director 25 years experience in business management, public relations, government affairs and legislative decision making. Prior to entering the private sector, Mr. Klassen held various positions in the Canadian Federal Government, including Sr. Political Advisor to the Minister of State for Transportation, and Chief of Staff in the Office of the Speaker of the House of Commons. Ian is an Executive and Director of several private and public mineral exploration companies. Ian earned a BA (Honors) at the University of Western Ontario, and in 1992 was awarded the Commemorative Medal for the 125th Anniversary of the Confederation of Canada in recognition of his significant contribution to his community and country. Currently he is an Executive & Director of several private and public mineral exploration companies. AL FABBRO - Independent Director Mr. Fabbro has over 30 years experience in both the finance and mining industries. From 1984 to 1990, Mr. Fabbro headed the retail trading department of Yorkton Securities, followed by six years with Yorkton's Natural Resources Group. Most recently and for the past ten years, Mr. Fabbro was an investment advisor with Canaccord Capital, specializing in the natural resource sector. He recently left Canaccord Capital to pursue opportunities in the public sector. Currently he is an Executive & Director of several private and public mineral exploration companies. 7
Action Plan Close up to $1.5 million financing for Phase 1 Program. Q4 2011 Complete 43-101, and close Project 2 acquisition. Q1 2012 Fly 1800km2+ Airborne Survey over entire contiguous Q1 2012 Project 1 and Project 2a lands. (Estimated Cost - $400k) Secure existing Airborne for Project 2b lands. Q1 2012 Complete ground prospecting, sampling, and mapping. Q1 2012 (Estimated Cost - $200k) Establish high priority targets for IP survey and Q2 2012 commence an aggressive exploratory drill program. (Phase 2) 8
Company Comparables (in Handeni/Sindeni Area) Company Shares Issued Market Price Market Cap (10/17/11) Canaco (Can) 198,931,603 $1.38 $274,525,612 Kokanee (KOK) 84,454,959 $0.17 $14,357,343 Douglas Lake (DLKM) 307,416,653 $0.11 $33,815,832 Gem International (GI) 24,977,660 $0.10 $2,497,766 Strike Gold Corp. (SRK) 32,075,938 $0.16 $5,132,150 Encore (EZ) 265,481,077 $0.02 $5,309,621 Canada Gold (CI) - Pre Financing 13,039,118 $0.20 $2,607,802 Canada Gold (CI) - Post Financing 20,539,118 $0.20 $4,107,824 9
Comparables Map (in Handeni/Sindeni Area) 10
Non-Brokered Financing Opportunity Canada Gold will raise up to $1.5 million to finance early obligations of the P1 and P2 acquisitions, the Phase 1 exploration program and for general working capital by issuing up to 7,500,000 units at $0.20 per unit. Each unit will consist of 1 common share and one half of one share purchase warrant exercisable at $0.35 for a period of 2 years from the date of closing. Finders fees of 8% cash and 10% B warrants may be payable to eligible parties. Interested parties are invited to contact: Dave McMillan Chad McMillan President VP Communications dave@canadagold.com chad@canadagold.com 604.685.5851 778.688.6980 11
Forward Looking Statements Certain statements contained in this presentation constitute forward-looking statements. Such statements reflect the current views of Canada Gold Corporation Canada Gold with respect to future events and are subject to certain risk, uncertainties and assumptions, including, without limitations, general market conditions, commodity prices, interest rates and exchange rates, seasonality of operations, growth, acquisitions strategy, integration of new equipment into Canada Gold operations, dependence on senior management, regulation, competition, risk of pending and future legal proceedings, employees, labor unions, weather, fuel costs, access to industry and technology, insurance, future capital needs, debt service and the sale of additional securities. Many other factors could also cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements and readers are cautioned that the forgoing list of factors is not exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from the projections described herein. The forward looking statements in this presentation are expressly qualified by this cautionary statement. Canada Gold does not undertake any obligation to update or revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward looking statements in this document are provided for the limited purpose of enabling potential investors to evaluate and investment in the securities of Canada Gold. Readers are cautioned that such statements may not be appropriate, and should not be used, for other purposes. 12
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Canada Gold

  • 2. Highlights Huge Prospective Land Holdings in an Emerging Gold District. 100% Ownership. An Excellent Share Structure. Experienced Management. An Aggressive, Systematic Exploration Strategy. Tremendous Upside Potential. 1
  • 3. Introduction to Tanzania Tanzania has become one of the fastest-emerging gold producers in Africa, and is now the continents third largest gold producing country after South Africa and Ghana. Based upon ongoing projects and developing mines, most of Tanzanias proven gold reserves are from the Lake Victoria Goldfields (LVGF) located in Northern Tanzania. The Handeni/Sindeni area located within Eastern Tanzania, has been known to host gold since 2003. Although the area is regarded as inferior to the Lake Victoria Goldfields (LVGF) (with regards to operational gold mines), Canaco Resources (Canacos) gold discoveries at Kilindi and Magambazi are indicative of a new and emerging exploration environment, capable of hosting primary gold mineralization. Recent graduate level research published by the University of Western Australia show that the highly-endowed Sukumaland Superterrane, the geological host to Tanzania's most significant gold deposits, may have been overprinted on its East-Southeastern extension by a Proterozoic orogeny adjacent to the Mozambique Belt further East. 2
  • 4. Canada Gold Acquires 2 Large Project Packages 11 Prospecting Licenses Totaling 1988 km2 in Northeastern Tanzania An emerging Gold District. A significant land package, 1800 km2 of which are contiguous. Historic and active small scale/ artisanal Copper and Gold mining on the property. Limited to no modern exploration to date. Numerous target areas identified. Highly prospective for gold- copper mineralization on a similar scale as the Lake Victoria Goldfields in Northern Tanzania. 3
  • 5. Acquisition Terms Project 1 The consideration for the acquisition are cash payments of US $1,050,000, incurring exploration expenditures of US $4,000,000 and the issuance of 3,500,000 shares from the treasury over a 3 year period. The optionor retains a 2.5% net smelter return royalty of which, 1.5% can be purchased for US $2,000,000 at any time, once all considerations have been satisfied. Project 2 Pursuant to the LOI, the consideration for the acquisition of the Handeni/Sindeni Project #2 consists of cash payments of US $750,000 and the issuance of 3,500,000 common shares from treasury over a 37 month period. The optionor retains a 2.5% net smelter return royalty of which, 1.5% can be purchased for US $2,000,000 at any time, prior to commercial production. 4
  • 6. Capital Structure Trade Symbol TSX.V: CI Current issued shares 13,039,118 Options 2,380,000 Weighted Average Exercise Price $0.15 Expiry Dates August 16, 2013 Total Cash and Near Cash $500,000 52 Week High/Low $0.325/$0.12 Currently Fully Diluted 15,419,118 shares Acquisition - Project 1 over 30 months 3,500,000 shares - Project 2 over 37 months 3,500,000 shares Total Post Acquisition 22,419,118 shares Proposed Financing 7,500,000 units @ $0.20 Proposed Financing - A WTS 3,750,000 units @ $0.35 Proposed Financing - B WTS 750,000 units @ $0.20 Total Fully Diluted Post Acquisition & Financing 34,419,118 Generating $3,319,500 Gross 5
  • 7. Management & Directors DAVE MCMILLAN - President & CEO With over 40 years in the resource industries, Dave's career has spanned manufacturing, marketing, sales and financing, including 17 years as an Investment Advisor as VP, Senior VP, Director, and member of the Executive Committee for Yorkton Securities and Yorkton Holdings Inc. Dave holds board positions on several publicly traded oil & gas and mining companies, and is an advisor to various venture capital companies. PAUL LEMMON, P.Geo, FGS, Pr.Sci.Nat - Chief Geologist A professional geologist licensed by the Association of Professional Engineers and GeoScientists of New Brunswick, has held directorships of several exploration companies and is currently President of Northern Lights Exploration Services Corp., an exploration services consulting company based in New Brunswick, Canada; and Chief Geologist of CopperZone Resources Ltd. (Zambia), DiaGeo Resources Ltd. (Tanzania), and GWN Gold Inc. (Mali). Mr. Lemmon, a Professional Graduate of United Kingdoms Institute of Materials, Minerals, and Mining, is a member of several professional associations, a Fellow of the Geological Society of London UK, and was educated at Mt. Allison University in New Brunswick, and Universite de Strasbourg, France. KELSEY CHIN, B.Comm - Chief Financial Officer Ms. Chin has over 7 years experience in audit, finance and accounting within the mining and exploration industry. As an Executive Officer of TintinaGold Resources Inc. and AsiaBaseMetals Inc., Ms. Chin was involved with numerous financings and spin out transactions and was responsible for all aspects of financial services, financial reporting, and corporate governance. She holds a Bachelor of Commerce degree and is currently completing her CGA designation. HAROLD FORZLEY, C.A. - Chairman of the Audit Committee Hardy has over the last 20 years been involved in building numerous exploration and mining companies, most notably Continental Gold Corp. and El Condor Resources, which yielded total returns to their shareholders of over CDN$450 million. Hardy is an Officer and Director for several publicly traded resource sector companies. 6
  • 8. Management & Directors CHAD MCMILLAN, B.A. (Cmns) - Vice President, Corporate Communications A Simon Fraser University graduate with a Bachelor of Arts in Communications. Chad has 10 years of experience in communications, sales & marketing, management, capital markets, and consulting to the resource exploration industry, having worked with such companies as Yorkton Securities Inc., Pro Line Sports Ltd., and Club Med Inc. He operates a private consulting firm, Animus Ventures Inc. and he is currently President & CEO of Canada Rare Earths Inc., a junior exploration company with properties in Quebec, commencing it's initial exploration program late June 2011. IAN KLASSEN - Independent Director 25 years experience in business management, public relations, government affairs and legislative decision making. Prior to entering the private sector, Mr. Klassen held various positions in the Canadian Federal Government, including Sr. Political Advisor to the Minister of State for Transportation, and Chief of Staff in the Office of the Speaker of the House of Commons. Ian is an Executive and Director of several private and public mineral exploration companies. Ian earned a BA (Honors) at the University of Western Ontario, and in 1992 was awarded the Commemorative Medal for the 125th Anniversary of the Confederation of Canada in recognition of his significant contribution to his community and country. Currently he is an Executive & Director of several private and public mineral exploration companies. AL FABBRO - Independent Director Mr. Fabbro has over 30 years experience in both the finance and mining industries. From 1984 to 1990, Mr. Fabbro headed the retail trading department of Yorkton Securities, followed by six years with Yorkton's Natural Resources Group. Most recently and for the past ten years, Mr. Fabbro was an investment advisor with Canaccord Capital, specializing in the natural resource sector. He recently left Canaccord Capital to pursue opportunities in the public sector. Currently he is an Executive & Director of several private and public mineral exploration companies. 7
  • 9. Action Plan Close up to $1.5 million financing for Phase 1 Program. Q4 2011 Complete 43-101, and close Project 2 acquisition. Q1 2012 Fly 1800km2+ Airborne Survey over entire contiguous Q1 2012 Project 1 and Project 2a lands. (Estimated Cost - $400k) Secure existing Airborne for Project 2b lands. Q1 2012 Complete ground prospecting, sampling, and mapping. Q1 2012 (Estimated Cost - $200k) Establish high priority targets for IP survey and Q2 2012 commence an aggressive exploratory drill program. (Phase 2) 8
  • 10. Company Comparables (in Handeni/Sindeni Area) Company Shares Issued Market Price Market Cap (10/17/11) Canaco (Can) 198,931,603 $1.38 $274,525,612 Kokanee (KOK) 84,454,959 $0.17 $14,357,343 Douglas Lake (DLKM) 307,416,653 $0.11 $33,815,832 Gem International (GI) 24,977,660 $0.10 $2,497,766 Strike Gold Corp. (SRK) 32,075,938 $0.16 $5,132,150 Encore (EZ) 265,481,077 $0.02 $5,309,621 Canada Gold (CI) - Pre Financing 13,039,118 $0.20 $2,607,802 Canada Gold (CI) - Post Financing 20,539,118 $0.20 $4,107,824 9
  • 11. Comparables Map (in Handeni/Sindeni Area) 10
  • 12. Non-Brokered Financing Opportunity Canada Gold will raise up to $1.5 million to finance early obligations of the P1 and P2 acquisitions, the Phase 1 exploration program and for general working capital by issuing up to 7,500,000 units at $0.20 per unit. Each unit will consist of 1 common share and one half of one share purchase warrant exercisable at $0.35 for a period of 2 years from the date of closing. Finders fees of 8% cash and 10% B warrants may be payable to eligible parties. Interested parties are invited to contact: Dave McMillan Chad McMillan President VP Communications dave@canadagold.com chad@canadagold.com 604.685.5851 778.688.6980 11
  • 13. Forward Looking Statements Certain statements contained in this presentation constitute forward-looking statements. Such statements reflect the current views of Canada Gold Corporation Canada Gold with respect to future events and are subject to certain risk, uncertainties and assumptions, including, without limitations, general market conditions, commodity prices, interest rates and exchange rates, seasonality of operations, growth, acquisitions strategy, integration of new equipment into Canada Gold operations, dependence on senior management, regulation, competition, risk of pending and future legal proceedings, employees, labor unions, weather, fuel costs, access to industry and technology, insurance, future capital needs, debt service and the sale of additional securities. Many other factors could also cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements and readers are cautioned that the forgoing list of factors is not exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from the projections described herein. The forward looking statements in this presentation are expressly qualified by this cautionary statement. Canada Gold does not undertake any obligation to update or revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward looking statements in this document are provided for the limited purpose of enabling potential investors to evaluate and investment in the securities of Canada Gold. Readers are cautioned that such statements may not be appropriate, and should not be used, for other purposes. 12
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