Batero Gold Corporate Presentation

A better way.

Batero-Quinchia Gold Project, Colombia
Corporate Presentation – December 2012

TSX-V: BAT BATEROGOLD.COM | EXPLOREBATERO.COM

Disclaimer
This presentation is for information purposes only and Forward looking statements in these materials speak only
does not constitute an offer to sell or a solicitation to buy at the date of issue. Subject to any continuing obligations
the securities referred to herein. under applicable law or any relevant stock exchange listing
This document includes forward looking statements. rules, the company does not in providing this information
Forward looking statements inherently involve subjective undertake any obligation to publicly update or revise any of
judgment and analysis and are subject to significant the forward looking statements or any change in events,
uncertainties, risks and contingencies, many of which are conditions or circumstances on which any such statement
outside of the control of, and may be unknown to, the is based.
company. Actual results and developments may vary A feasibility study has not been completed for any
materially from those expressed in these materials. The project discussed in this presentation and there is no
types of uncertainties which are relevant to the company certainty the disclosed targets will be reached nor that
may include, but are not limited to, commodity prices, the proposed operations will be economically
unpredictable results of exploration, uncertainties inherent viable. Darryl Lindsay, Senior Vice President and
in the estimation of mineral resources, fluctuations in the Chief Operating Officer at Batero Gold, is a qualified
costs of goods and services, problems associated with person under NI 43-101, and has reviewed and
exploration and mining operations, political uncertainty, approved the technical disclosure contained in this
changes to the regulatory framework which applies to the presentation.
business of the company and general economic The Mineral Resource estimate in this presentation was
conditions. prepared by or under the supervision of Mr. Paul Chamois,
Given these uncertainties, readers are cautioned not to M.Sc. (Applied), P.Geo. and Mr. Luke Evans, M. Sc.,
place undue reliance on such forward looking statements. P.Eng., of Roscoe Postle Associates Inc., who are
independent "Qualified Persons" under National
Instrument 43-101 Standards of Disclosure for Mineral
Projects ("NI 43-101"). The Batero-Quinchia Project
Technical Report (NI 43-101) is dated February 24, 2012,
amended April 19, 2012.

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Batero – Quinchia Project

• 100% interest in Batero-Quinchia gold project in Colombia
• Evaluating a mine development plan for the higher grade oxidized gold
mineralization at La Cumbre deposit
• Definitive strategic alliance agreement with Consorcio Minero Horizonte
provides $20 million financing and strategic mining partner as Batero
advances La Cumbre towards a production decision
• Exploration potential at project to be further evaluated – over 70% of
project remains untested
• Strong community support and Colombian ownership


2012-2013 Focus on La Cumbre Deposit

• Work program advancing a mine development plan, including a leach
processing circuit and the optimum starter pit production rate from the higher
grade oxidized gold mineralization located near and at surface
 2012 drill program (4,947 metres) completed on time and under budget
 2012 infill drill results indicate expansion of 1+ g/t gold core of mineralization
 Metallurgical testing to determine process flow sheet
 Initial geotechnical studies to assess pit slope angles
• Initial engineering and site layout design
• Update mineral resource estimate based on oxidized and low sulphur zones
• Permitting to initiate exploitation is ongoing
• Environmental studies are ongoing
• Social and community programs are ongoing


2013-2014 Plan for Potential Mine Development

• Strategic mining partner provides capital and reduces development risk
as Batero advances La Cumbre towards a production decision
• Technical report updating resource estimate expected Q1 2013
• Technical study compliant with Colombian legislation for production
expected 1H 2014
• Approval of Environmental Impact Assessment expected 6 months after
submission
• Additional exploitation permitting expected in line with EIA approval
• Development decision on approval of EIA


Strategic Alliance Positions Batero for Growth
• Strategic alliance with Consorcio Minero Horizonte, a significant and
experienced private mining company with gold production in Peru
• Strategic alliance through equity ownership in Batero
• The benefit of Horizonte’s operational expertise reduces development risk
• Consorcio Minero Horizonte provides financing through to completion of a
technical study compliant with Colombian legislation for production
• Batero retains 100% interest in Batero-Quinchia gold project in Colombia.
• No NSR or back in rights


Further Potential at Project – Over 70 % Unexplored
Seafield - Dos Quebradas Deposit
• Multiple occurrences of near and at
surface higher grade gold Dos Quebradas
mineralization continue to be Current Limit
investigated as part of the potential of Batero
Drilling
future staged development of the El Centro 2.8km
Batero-Quinchia project La Cumbre
• Only northwestern corner of project
has been explored, a 3 km by 2 km
Seafield - Miraflores Deposit
area
• Over 70% of project remains
untested:
- Historic tunnels and
epithermal mineralization
discovered
- Gold soil anomalies extending
beyond La Cumbre to the
southwest and northeast
- Geophysical anomalies
throughout the project area
Regional aeromagnetometry survey; RTP


Initial Mineral Resource Estimate
Batero- Quinchia Project
Cut-off Resource Tonnes Gold Silver Copper Contained Gold
grade Category (000’s) (g/t) (g/t) (%) ( oz )
0.50 g/t Au Indicated 81,000 0.72 1.91 0.12 1,886,000
Inferred 32,000 0.66 1.73 0.06 682,000
0.30 g/t Au Indicated 165,000 0.56 1.71 0.10 2,939,000
Inferred 107,000 0.47 1.99 0.07 1,609,000

La Cumbre Porphyry Deposit
(Contained within Batero-Quinchi Project)
Cut-off Resource Tonnes Gold Silver Copper Contained Gold
grade Category (000’s) (g/t) (g/t) (%) ( oz )
0.50 g/t Au Indicated 64,000 0.73 1.91 0.12 1,499,000
Inferred 18,000 0.67 1.69 0.06 390,000
0.30 g/t Au Indicated 131,000 0.56 1.70 0.10 2,343,000
Inferred 39,000 0.52 1.54 0.06 662,000
For resource estimate details, see NI 43-101 Technical Report dated February 24, 2012, amended April 19, 2012.


Oxidized Gold Mineralization at La Cumbre
• Large continuous zones of higher grade gold
mineralization near and at surface
• Focus on >0.7 g/t oxidized mineralization at
La Cumbre, one of three porphyry deposits
• Oxide Zone mineralization at surface to a
depth of up to 70 m. Initial recoveries 90% to
94% ~2 km
• Underlying Transition Zone (of low sulphur
content) over a vertical distance of 150 m to
250 m. Initial recoveries 82% to 86%
• Topography and location of mineralization 2012-2013
may support a low strip ratio Area of
Focus

~1 km


Higher Grades near Surface – Long Section A-A’


Higher Grades near Surface – Long Section A-A’
~ 600 m LENGTH of continuous gold mineralization from near surface

>200 m
depth


Long Section A-A’ Looking Southwest
~1.0 g/t Gold Intercepts
LC 036 LC012 LC 037
LC008 96.60 m grading 1.14g/t Au 113.00m grading 0.74 g/t Au 97.40 m grading 1.00 g/t Au
From 3.4 m below surface Including: From 2.6 m below surface
344.40m grading 0.81 g/t Au 43.00m grading 0.94 g/t Au
Including: From surface
146.40m grading 1.20 g/t Au
From 5.60m below surface

A
LC 023
354.09m grading 0.75 g/t Au
Including:
118.00m grading 1.22 g/t Au LC 039
From 3m below surface
116.95 m grading 0.91 g/t Au
From 3.15m below surface

A’
LC017 LC006
Including: Including: 2011 Results
Interval length represents down hole length From 6.0 m below surface From surface
All drill locations and section lines approximate 2012 Results


Higher Grades near Surface – Cross Section C-C’
>250 m WIDTH of gold mineralization from near surface

>200 m
depth

Looking
315o NW


Initial Metallurgical Testing at La Cumbre
• 93% and 94%
recoveries in oxide
zone from 2012
metallurgical testing
(bottle roll)
• 82% to 86%
recoveries in
transition zone from
2012 testing (bottle
roll)
• Up to 90% in oxide
zone from 2011
testing (bottle roll)
• Column leach
testing started fall
2012


Batero-Quinchia Project
Location and Access
• In the Department of Risaralda:
- 190 km northwest of Bogotá
- 55 km north of Matecana International
Airport in Pereira
• On Mid-Cauca Belt and Cauca-Romeral
regional fault systems
• 1,407 hectares; 1,600 m to 1,950 m
elevation, below Colombia’s high altitude
Paramo zone
• Well established, easily accessible
infrastructure including:
- All season roads with access from the
Pan-American highway
- Power from regional power grid
- Cauca River nearby


Ownership and Responsibility in Colombia
• 100% ownership of Batero-Quinchia
project with no NSRs
• 100% of surface land rights over La
Cumbre deposit
• Working with local community while
exploring and developing project
• Robust Corporate Social
Responsibility programs and relations
in the communities including
innovative “Farms with a Future”
program


Share Structure and Ownership
As at
Dec 15, 2012

Common Shares Outstanding 71,925,794
Options Outstanding 3,843,000
Warrants Outstanding 7,794,866*
Fully Diluted 83,563,660

Cash ~ 6.7 Million

Colombian Ownership ~22%

Analyst Coverage
*Including:
4,857,350 warrants at $0.90 until April 26, 2014
1,725,000 warrants at $2.45 until November 24, 2013


Management Team and Directors
Brandon Rook, B.Sc., B.A. Darrell Podowski, B. Sc., LLB
PRESIDENT, CHIEF EXECUTIVE OFFICER, DIRECTOR DIRECTOR
20+ years of experience as a geologist, project manager and Partner of the law firm McMillan LLP located in Vancouver, BC. He
entrepreneur. He has 15 years experience in exploration has expertise in corporate finance transactions, mergers and
and project management, corporate management, and acquisitions, negotiating mining earn-in and option agreements,
corporate development in the public markets including purchase and sale transactions, strategic alliances, and joint
marketing and investor relations. venture transactions in the resource industry.

Darryl Lindsay, Ph.D., P.Geo. Leonard Harris, P.Eng.
SENIOR VICE PRESIDENT, CHIEF OPERATING OFFICER, DIRECTOR DIRECTOR
20+ years of experience as an exploration geologist and Metallurgist with over six decades of mining experience including
project manager for major porphyry mineral development various senior positions at Newmont Mining over 20 years. He was
programs in South America from inception to feasibility. He the first General Manager at Newmont’s Yanacocha heap leach
held various consulting roles for SRK Consulting, mine in Peru and was instrumental in advancing the exploration
CODELCO, Corriente Resources and the Geological Survey project through to a mining operation, which is now the largest gold
of Canada (GSC). mine in South America. He later became President & General
Manager Newmont Peru and Vice President & General Manager
Nick Demare Newmont Latin America.
CHIEF FINANCIAL OFFICER, DIRECTOR
Chartered accountant and President of Chase Management
Inc. since 1991, providing accounting management,
regulatory compliance and corporate secretarial services to
private and public-listed companies.


Legal Counsel – Canada
McMillan
1500 Royal Centre P.O. Box 11117
TSX-V : BAT 1055 West Georgia Street
Frankfurt: 68B Vancouver, British Columbia V6E 4N7
Pinksheets: BELDF Telephone: (604) 689-9111

Investor Relations Legal Counsel – Colombia
3703 – 1011 West Cordova St. Suarez Zapata Partners
Vancouver B.C V6C 0B2 Calle 87 No. 10-93, Suite 302
Bogota D.C.
Tel: 604.568.6378
Colombia
Fax: 604.568.6834 Telephone: (571) 7431005
info@baterogold.com
Auditor
Resources Davidson and Company LLP
www.baterogold.com 1200 - 609 Granville Street
www.explorebatero.com P.O. Box 10372, Pacific Centre
Vancouver, British Columbia V7Y 1G6
Telephone: (604) 687-0947

TSX-V: BAT | Frankfurt: 68B

Appendix


2012 Drill Results Outline Grades Above 1.0 g/t Gold
• 2012 drill hole results indicate
extension of continuity of
higher grade core of oxidized
gold mineralization:
- Drill hole LC070: from
6.50 m to 150.00 m (end
of hole) grading 1.36 g/t
gold and 2.58 g/t silver

4.00 m to 100.00 m (end

3.40 m to 100.00 m (end

• 2012 infill drilling results extend the trend of La Cumbre’s high grade core to the northwest and
southeast


Drill Holes in Area of Focus From Near Surface Intervals
~ 1.0 g/t Gold
QAP011 LC003 MZ006 QAP034
154.50 m grading 2.00 m grading 43.40 g/t Au 31.00 m grading 1.14 g/t Au 31.30 m grading 2.85 g/t Au
0.80 g/t Au From 28.00 m down hole From 22.00 m down hole From 9.70 m down hole QAP008
Including 178.20 m grading
1.00 g/t Au From 8.00 m down hole
From 7.50 m down
hole
QAP009
LC001 213.70 m grading
0.93 g/t Au From 10.00 m down hole
From 18.28 m down
hole QAP013
135.70 m grading
LC039 1.00 g/t Au
166.95 m grading From 10.00 m down hole
0.91 g/t Au
From 3.15 m down QAP016
hole LC039 LC037 138.00 m grading
1.00. g/t Au
LC037 LC036 From 14.00 m down hole
97.40 m grading
1.00 g/t Au
From 2.60 m down 2011 Results
hole
2012 Results
LC036
96.60 m grading
LC008 LC017 LC023 All interval lengths
1.14 g/t Au
146.40 m grading 1.20 g/t Au 50.00 m grading 1.18 g/t Au 118.00 m grading 1.22g/t Au represent down hole
From 3.40 m down
From 5.60 m down hole From 6.00 m down hole From 3.00 m down hole length
hole


Higher Grades near Surface – Cross Section B-B’
>200 m WIDTH of continuous gold mineralization from near surface

Looking
315o NW


Batero Gold Corporate Presentation

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