1. Goldgroup Mining Inc.
TSX:GGA ▪ OTC:GGAZF
March 2012
www.goldgroupmining.com TSX:GGA • OTC:GGAZF

2. CAUTIONARY STATEMENT
Forward-Looking Statements
This presentation contains forward-looking information about Goldgroup within the meaning of the Securities Act (British Columbia). Forward-looking
statements relate to future events or future performance and reflect Goldgroup’s expectations regarding the future growth, results of operations,
business prospects and opportunities of Goldgroup. These statements reflect Goldgroup’s current internal projections, expectations or beliefs and are
based on information currently available to Goldgroup. In some cases forward-looking information can be identified by terminology such as “may”, “will”,
“should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those
terms or other comparable terminology. Many of these assumptions are based on factors and events that are not within the control of Goldgroup and
there is no assurance they will prove to be correct. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to materially differ from those reflected in the forward-looking statements, and are developed
based on assumptions about such risks, uncertainties and other factors including, without limitation: fluctuations in precious and base metal prices;
inherent hazards and risks associated with mining operations; inherent uncertainties associated with mineral exploration and development activities;
uncertainties inherent in the estimation of mineral reserves and/or resources and precious metal recoveries; uncertainties related to actual capital costs,
operating costs and expenditures, production schedules and economic returns from Goldgroup’s projects; uncertainties related to current global financial
conditions; uncertainties related to the availability of future financing necessary to undertake exploration, development, mining and processing activities
on Goldgroup’s properties; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness
of the mining industry; risks associated with Goldgroup being subject to government regulation, including changes in law and regulation and risks
associated with Goldgroup’s need for governmental licenses and permits; risks associated with Goldgroup being subject to extensive environmental laws
and regulations, including a change in regulation; risks that Goldgroup’s title to its property could be challenged; political and country risk; risk of water
shortages and risks associated with competition for water; Goldgroup’s need to attract and retain qualified personnel; increases in off-site transportation
and concentrate processing costs; risks related to the need for reclamation activities on Goldgroup’s properties, including the nature of reclamation
required and uncertainty of costs estimates related thereto; risks associated with potential conflicts of interest; risks associated with potential labour
disputes; and risks associated with potential blockades of mining operations as well as “Risks and Uncertainties” included in the Annual Information
Form and MD&A for Goldgroup available at www.sedar.com. Forward-looking information is not a guarantee of future performance and actual results
and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this
presentation is qualified by these cautionary statements. Although Goldgroup believes that the forward-looking information contained in this
presentation are based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly,
readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update
or revise any forward-looking information contained in this presentation, whether as a result of new information, events or otherwise, except in
accordance with applicable securities laws. The information contained herein does not constitute an offer of securities for sale in the United States and
securities may not be offered or sold in the United States absent registration or exemption from registration.
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 2

3. INTRODUCTION
• Focused on expanding gold production to
200,000+ oz Au/year
• Highly successful mining and finance
management team specializing in
operations in Mexico
• Cash position: $30 million*
• Indicated Resource: 650,000 oz Au
Inferred Resource: 900,000 oz Au
• Developing advanced-stage NI 43-101
compliant project, Caballo Blanco
• Reviewing options for development of San
José de Gracia
• Cerro Colorado mine in production
for 7 years *As of Sept 30, 2011
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 3

4. CORPORATE STRATEGY
• Create shareholder value by:
– Developing Caballo Blanco into a low-cost, heap leach producer
– Increasing production to 200,000+ oz Au/year in 3 yrs
– Continuing exploration to expand total resources
– Medium-term development of high-grade San José de Gracia
– Sustaining production at Cerro Colorado
– Consolidating joint-venture interests
– Acquiring assets that are accretive to reserves/resources with
significant expansion potential
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 4

5. WHY GOLD?
• Growing physical demand
– China, India and central banks buying gold bullion
– Mexican Central Bank: Heavy purchaser of gold* (Q3 2011)
• Growing investment demand
– Inflation hedge
– Currency protection
+92.30%
– Safe haven/asset class since Jan ‘08
• Flat/decreasing mine supply
• Depreciating US dollar
Gold Price 2008-2011
• Global inflation: Printing of fiat
currencies by central banks
*Source: World Gold Council, 2011
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 5

6. MANAGEMENT TEAM
Keith Piggott, ACSM – President, CEO & Director
Gregg J. Sedun, LLB – Executive Chairman & Director
John Sutherland, CGA – Chief Financial Officer, Vice-President
Kevin Sullivan, B.Sc. MAusIMM – Vice-President, Exploration
Francisco Escandon, Geol. Eng. MMSA – Technical Director, Director
Patrick Glynn, P.Eng – Vice President, Technical & Project Operations
Mark Henry – General Manager, Cerro Colorado
Stephanie Batory, MBA – Investor Relations Manager
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 6

7. BOARD OF DIRECTORS
Dr. Paul L. Zweng, M.Sc, Ph.D – Director
Dr. Hans von Michaelis, Ph.D – Director
Robert Byford, F.CA – Director
Corry Silbernagel, P.Eng., MBA – Director
Dr. Allen Born, Ph.D – Board of Advisors
Harry Burgess, P.Eng. – Board of Advisors
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 7

8. ASSET OVERVIEW
• Caballo Blanco – Veracruz, Mexico
– Multi-million oz Au resource potential with estimated initial production of
~100,000 oz Au annually at low cost
• San José de Gracia – Sinaloa, Mexico
– High-grade, multi-million oz Au resource
potential with estimated production of
~100,000 oz Au annually
• Cerro Colorado Mine – Sonora, Mexico
– ~20,000 oz Au expected production in 2011
• El Candelero – Sinaloa, Mexico
– Earning up to 70% in JV with Goldcorp
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 8

9. PROLIFIC MINING JURISDICTION
La Herradura
(Penoles/Newmont)
Fresnillo Penasquito
6.0M oz AuEq
Cerro Colorado Mine (Fresnillo) (Goldcorp) Why Mexico?
15.8M oz AuEq 48.5M oz AuEq
Dolores • Management has spent over 15
(Minefinders)
Camino Rojo years in the country (100+ years)
3.7M oz AuEq
(Goldcorp)
Mulatos 5.2M oz AuEq • Stable economy and government
(Alamos)
2.4M oz AuEq • Long and rich history of mining
Ocampo • Mining represents a large portion
(AuRico) San José de Gracia of economy
5.7M oz AuEq
Pinos Altos • Favorable corporate tax rate: 30%
(Agnico-Eagle) El Candelero
2.8 oz AuEq • Well established permitting
process
Palmarejo
(Coeur d’Alene) • Experienced local workforce
3.1M oz AuEq
El Sauzal
(Goldcorp) Major Deposit
2.5M oz AuEq Caballo Blanco
San Dimas
(Primero) Veracruz
13.0M oz AuEq
Los Filos
(Goldcorp)
8.4M oz AuEq
El Aguila
(Gold Resource Corp.)
1.5M oz AuEq
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 9

10. SIGNIFICANT MILESTONES
Q4 2009 – Acquired Caballo Blanco from NGEx Resources (Lundin Group)
Q2 2010 – Completed RTO with Sierra Minerals Inc. to form
Goldgroup Mining Inc. (TSX:GGA)
Q3 2010 – Sold El Porvenir project for $25 million (Initial cost: $3 million)
Q1 2011 – Completed $40 million equity financing
Q1 2011 – Completed 50% Earn-In for San José de Gracia
Q3 2011 – Acquired remaining 30% interest in Caballo Blanco
Q4 2011 – Updated NI 43-101 Resource Estimate for San José de Gracia
Q1 2012 – Updated NI 43-101 Resource Estimate for Caballo Blanco
Q1 2012 – Expect to release PEA for Caballo Blanco
Q2 2012 – Expect to be granted EIS for Caballo Blanco
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 10

11. MINERAL RESOURCES
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 11

12. CABALLO BLANCO
Caballo Blanco Property Geology Map
• 100% owned by Goldgroup Mining Inc.
• Indicated Resource: 575,000 oz Au* 55,000 hectares
55,000 hectares
Inferred Resource: 419,000 oz Au*
• Completed updated NI 43-101 mineral resource Northern Zone
Northern Zone
estimate in Q1 2012 (La Paila Zone only)
La Paila
• Two large areas of epithermal gold mineralization:
Northern Zone (La Paila focus) and Highway Zone
• Project covers 55,000 hectares Exploration Targets
• Excellent infrastructure
• 65km north of Mexico’s largest
port city Veracruz Highway Zone
Highway Zone
• Access to paved roads and water, power on site
• On-site metallurgical and assay facilities
• Anticipate annual production of ~100,000 oz Au Veracruz
(65km)
in 2013
* NI 43-101 Compliant (2012)
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 12

13. CABALLO BLANCO
Northern Zone IP Resistivity Map
• Vuggy silica breccias, high sulphidation
fully oxidized, epithermal gold system La Paila Zone
Indicated: 575,000 oz Au
Inferred: 419,000 oz Au
• 175 holes drilled to date (GGA: 142)
• Northern Zone: La Paila plus at least
four other large IP high resistivity Road
anomalies Cerro Blanco
La Cruz N
• Large ‘magnetic high’ ring structure Bandera N
• La Paila Zone open to south, southwest, La Cruz S
and northeast Bandera S
Las Cuevas
• Exploring for high-grade feeder zones Las Cuevas SW
• 63km IP geophysics survey
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 13

14. CABALLO BLANCO
La Paila Zone
• 2011: 30,000m drill 08CBN-004
07CBN-002 11CBN-070
08CBN-017
program on La Paila
completed
• 2012: 30,000m drill 0.61 g/t Au
0.49 g/t Au
@ 129.5m
program in progress 0.707 g/t Au
@ 134m
@ 27.4m 0.58 g/t Au
• Underground exploration 0.28 g/t Au
0.89 g/t Au
@ 216.4m
@ 15.45m
tunneling to define ore 0.30 g/t Au
@ 17.2m
@ 144m
in progress 2.194 g/t Au
@ 89.9m 1.044 g/t Au
@ 85.4m
• Metallurgical results 1.549 g/t Au
@ 29.0m
expected in Q1 2012 293.5m
• PEA expected in Q1 2012
• Environmental Impact 203.6m
Study (EIS) submitted –
pending government 227.99m
approval 246.89 m
La Paila Zone Cross Section
11CBN-127
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 14

15. CABALLO BLANCO
Mine Economics Significant Drilling Results
Drill Hole # Interval (m) Gold Grade (g/t)
• Mine type: Open pit heap leach 68 134.0 0.61
72 122.0 0.80
• Easy processing: Run-of-mine 73 48.50 3.47
79 100.1 0.88
• Processing 20,000 tpd @ ~0.65 g/t 82 154.0 0.59
84 64.00 1.20
• Leach pad with ~200 Mt capacity
108 84.77 0.71
• Completed on-site 25 column tests 120 126.2 0.69
125 57.33 1.16
• Observing high recoveries, low strip ratio, 127 144.0 0.89
easy leaching, low reagent consumption 131 90.60 0.91
139 79.42 1.20
• Significant resource and production 142 69.60 0.97
growth potential 143 93.90 0.77
153 197.0 0.60
159 67.32 0.88
167 76.00 0.98
172 107.9 0.94
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16. SAN JOSÉ DE GRACIA
• Indicated Resource: 147,000 oz Au* Significant Drilling Results
Inferred Resource: 963,000 oz Au* Drill Hole # Interval (m) Gold Grade (g/t)
21 6.10 26.89
• Updated NI 43-101 resource estimate in Q4 2011** 26 4.10 16.82
• Historical production of 1 million+ oz Au 27 6.05 13.59
averaging 30-60 g/t 31 7.50 53.98
51 10.80 19.32
• Low sulphidation epithermal vein system 76 2.80 27.29
104 1.35 26.58
• Project covers 69,000 hectares 116 8.15 9.37
• Horizontal tunnel access 131 1.10 29.25
139 5.50 20.51
• Located 400-700m above sea level 151 7.82 22.19
154 1.75 21.89
• 374 holes drilled to date (GGA: 298 holes) 179 1.72 105.51
203 5.50 332.86
• Drilled only 5 of 50 highly prospective anomalies
237 0.40 883.91
• Goldgroup’s interest = 50% 256 1.24 144.08
264 1.24 21.24
271 4.75 13.93
* NI 43-101 Compliant (2011)
** See Appendix for NI 43-101 Resource Classification
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 16

17. SAN JOSÉ DE GRACIA
San José de Gracia San José de Gracia
3D Block Model Township
Part of mineralized
Tres Amigos trend within 69,000
hectares of concessions
La Union
San Pablo
La Purisima
- Low sulphidation epithermal vein system
- Resources in hills above river level
- Four main veins:
- Low-cost adit mining
• Tres Amigos
- Good mining widths
• San Pablo
- High profit margin ounces
• La Union
• La Purisima * See Appendix for NI 43-101 Resource Classification
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 17

18. SAN JOSÉ DE GRACIA
Andesite
Andesite
**At 2.0 g/t Au cut-off (underground mining with horizontal tunnel access, gravity/floatation extraction)
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 18

19. CERRO COLORADO MINE
• 100% owned & operated by
Goldgroup Mining Inc.
• Open pit heap leach operation
• In production for 7 years
• ~20,000 oz gold production
projected in 2011 and 2012
• Installed new crushing system to
increase recoveries
• Ongoing exploration drilling to
increase resources
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 19

20. TIMELINE OF KEY EVENTS
Caballo Blanco 2011 2012 2013 2014
Drilling
NI 43-101 Resource Update
Preliminary Economic
Assessment
Permitting
Construction
Production
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 20

21. PEER GROUP ANALYSIS
$2,500
$2,200
$2,150
$2,000
Market Capitalization
$1,500
$1,200
$1,000 $889
$806 $771
$703
$500 $392
$349 $319
$252
$155
$-
Source: Bloomberg
Data as of Feb 20, 2012
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 21

22. INVESTMENT OPPORTUNITY
• Significant growth potential in near-term production
and exploration at Caballo Blanco
• World class management team with proven
operating and mine production experience in Mexico
• Significant management ownership (~20% o/s shares)
• Well funded and no debt: Raised $40 million
(at $1.40) in last equity financing
• Growth in shareholder value through:
– Leverage to gold price
– Increasing production
– Increasing resources
• Mexico: Highly-prospective and mining-friendly region
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 22

23. SHARE STRUCTURE
Issued & Outstanding: 128,526,049
Incentive Stock Options: 11,477,848
Warrants: 2,000,000
Fully Diluted: (at Mar. 1/12) 142,003,897
Market Capitalization: ~$170m
Working Capital: $30m
52 week Range: $1.03-$1.75
Average Volume: ~300,000/day
Stephanie Batory, MBA Follow Goldgroup:
Investor Relations Manager
TF: 1.877.655.ozAu (6928)
sbatory@goldgroupmining.com
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 23

24. APPENDIX:
ADDITIONAL MATERIALS
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 24

25. SENIOR MANAGEMENT TEAM
Keith Piggott, ACSM – President, Chief Executive Officer & Director
• Developed gold mines in Australia and two Mexican gold mines, that have been in continuous
production for twelve and five years, respectively
• Identified a two million oz gold deposit at Ok Tedi, Papua New Guinea farmed out to BHP
• Developed a range of metallurgical technologies, including a patented dry separation technology
used today in Australia and Mexico
• Graduate in Mining Engineering from the Camborne School of Mines and the Executive Development
Program at London Business School
Gregg J. Sedun, LLB – Executive Chairman & Director
• Founding Director & Legal Counsel of Diamond Fields Resources Inc. (sold to Inco for $4.3 billion
in the largest takeover of a Canadian junior mining company)
• Former Founder, President & Director of Luna Gold Corp. and Diamond Fields International Ltd.
• Founding shareholder of Peru Copper Inc. (sold to Chinalco in 2007 for $860 million)
• Founding Director of Adastra Minerals (sold to First Quantum Minerals in 2006 for $300 million)
• Chairman & CEO of Uracan Resources Ltd. (TSX.V:URC)
• President & Director of Oceanic Iron Ore Corp. (TSX.V:FEO)
John Sutherland, CGA – Chief Financial Officer & Vice-President
• Former CFO of Arequipa Resources leading up to its acquisition by Barrick Gold for $1.1 billion
• Hands-on experience building the $120 million Sonora mine in California
• Co-founder, Vice-President and CFO of Tekion, Inc.
• Founding partner of a venture capital company
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 25

26. MANAGEMENT TEAM
Kevin Sullivan, B.Sc. MAusIMM – Vice-President, Exploration
• Graduate geologist from Victoria University of Wellington, New Zealand
• Member of the Australasian Institute of Mining and Metallurgy
• 20+ years of gold exploration experience in Australia
• Instrumental in the discovery of the Mt. Leyshon gold deposit -subsequently
produced in excess of 2.5m oz Au
Francisco Escandon, Geol. Eng. MMSA – Technical Director & Director
• Graduate geological engineer from the National University of Mexico
• 40+ years experience in exploration and mining
• Varied experience that includes mine design, metallurgical research, feasibility studies
and environmental studies
• A Qualified Person (QP) as defined by Canadian NI 43-101 regulations
Patrick Glynn, P.Eng – Vice President, Technical & Project Operations
• Graduate metallurgist from the University of the Witwatersrand in Mineral Processing Engineering.
• 35+ years experience in the operation and design of gold, copper, nickel and PGM’s processing facilities
• Former Senior Project Manager for Rosemont Copper Company and AMEC International, both billion+ dollar projects
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 26

27. BOARD OF DIRECTORS
Dr. Paul L. Zweng, M.Sc, Ph.D - Director
• 25 years of successfully blending a technical and financial background in exploration and mining
• Co-founder and managing member of Resource Venture Advisors, LLC
• Former interim CEO and Director of Bellhaven Copper and Gold Inc. (TSX.V:BHV)
• 2003 - 2008, COO, then President/CEO of TSX listed QGX Ltd, acquired by The Kerry Group (Hong Kong) for C$270 million
• Co-founded Antares Minerals Inc in 2004, (TSX-V:ANM ) acquired by First Quantum Minerals Ltd. In 2010 for CDN$610 million
• Holds two B.Sc degrees in Geology and Applied Earth Sciences (Mineral Economics) from Stanford University (California),
a M.Sc. degree in Geology from Queen’s University (Ontario) and a Ph.D. in Applied Earth Sciences (Ore Deposits) from
Stanford University (California)
Robert Byford, F.CA – Director
• Former partner of KPMG LLP and was a Senior Vice President and Director of KPMG Corporate Finance
• Brings a wide range of experience to our board in finance, acquisition and divestiture transactions across many industry sectors
• Was also an elected Governor of the Vancouver Stock Exchange, a predecessor to the TSX Venture Exchange
Corry Silbernagel, P.Eng., MBA – Director
• Vancouver-based specialist in finance and corporate advisory
• Former CFO of Cabo Drilling Corp., one of Canada's largest exploration drilling services companies
• Managed large-scale projects in excess of $100 million in mining, oil and gas for companies such as Suncor and TransAlta
• Holds an MBA from INSEAD and a Civil Engineering degree from the University of British Columbia
Dr. Hans von Michaelis, Ph.D – Director
• PhD. in Geochemistry from the University of Cape Town. Expert in gold and silver ore processing technology
• Founding shareholder of Alamos Minerals Ltd. and introduced the Mulatos Gold Project to Alamos
• Former Director of Glamis Gold Ltd.
• Founder and President of Randol International Ltd. Author of Randol Gold
www.goldgroupmining.com TSX:GGA • OTC:GGAZF 27

28. BOARD OF ADVISORS
Harry Burgess, P.Eng. – Board of Advisors
• Mining engineer and founding partner of Micon International Ltd.
• Held senior positions with copper and gold producers in Zambia and South Africa
• Responsible for the introduction of mechanized mining systems to the gold mines of Anglo-American in the Orange Free State
• Leading the review and ongoing management of the Lihir gold project, Papua New Guinea, on behalf of a syndicate of
financing banks and institutions arranging an initial public float
• Financing involved US$300 million of debt and US$450 million of equity
Dr. Allen Born, Ph.D – Board of Advisors
• Former Chairman and CEO of Alumax Inc. (former third largest US aluminum company until Alcoa takeover –
Revenues of $2.7 billion)
• Former President, CEO and Chairman of Placer Dome Inc.
• Former Co-Chairman of Cyprus Amax Minerals Company
• Named 1986, 1991 and 1992 Mining Industry CEO of the year by Financial World Magazine
• Received the Golden Nugget Award in 1987 for professional accomplishment from the University of Texas at El Paso
• Named aluminum industry CEO of the Year in 1990 (Wall Street Magazine)
• Received an Honorary Doctorate of Engineering from the Colorado School of Mines
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29. CABALLO BLANCO
NI 43-101 Mineral Resource Estimate Classification
Date of Cut-off Resource Tonnes Avg Gold Avg Silver Contained Contained
Report Grade Class Grade Grade Gold Ounces Silver Ounces
(Au g/t) (g/t Au) (g/t Ag) (Au) (Ag)
0.20 Indicated 28,890,000 0.62 2.32 575,000 2,150,000
Feb
2012
0.20 Inferred 24,0200,00 0.54 2.50 419,000 1,917,000
-
0.20 Indicated 6,710,000 0.645 - 139,000
March
2010
0.20 Inferred 27,600,000 0.583 - 517,000 -
* Source: Goldgroup’s NI 43-101 Technical Report (February 16, 2012)
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30. CABALLO BLANCO GEOLOGY
La Paila Zone Geology Map La Paila Zone Block Model
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31. CABALLO BLANCO
Northern Zone Exploration Targets La Paila Zone Drill Map
La Paila Zone
La Paila Zone
Indicated: 575,000 oz Au
Indicated: 575,000 oz Au
Inferred: 419,000 oz Au
Inferred: 419,000 oz Au
Road
Cerro Blanco
La Cruz N
Bandera N
La Cruz S
Bandera S
Las Cuevas
Las Cuevas SW
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32. SAN JOSÉ DE GRACIA
NI 43-101 Mineral Resource Estimate Classification
Cut-off Resource Tonnes > Cut-off Cut-off Cut-off Cut-off Contained Contained
Vein Grade Class Cut-off Gold Silver Copper Zinc Gold Silver
(Au g/t) (tonnes) Grade Grade Grade Grade Ounces Ounces (Ag)
(g/t Au) (g/t Ag) (% Cu) (% Zn) (Au)
Tres
2.00 Indicated 913,000 5.00 10.72 0.21 0.54 147,000 315,000
Amigos
Total
2.00 Inferred 5,813,000 5.16 10.26 0.21 0.16 963,000 1,917,000
Inferred
Tres 618,000
2.00 Inferred 1,811,000 5.16 10.62 0.25 0.41 300,000
Amigos
San Pablo 2.00 Inferred 1,827,000 6.49 12.80 0.29 0.04 381,000 752,000
La
2.00 Inferred 1,266,000 4.01 5.31 0.08 0.06 163,000 216,000
Purisima
La Union 2.00 Inferred 909,000 4.06 11.37 0.17 0.04 119,000 332,000
* Source: Goldgroup’s NI 43-101 Technical Report (November 2011)
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33. SAN JOSÉ DE GRACIA
San José de Gracia Local Geology Tres Amigos Vein
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34. CABALLO BLANCO
On-Site Heap Leach Column Test Facility
Site Analyst Visit (Sept 2011)
(Sept 2011)
Senior Management Team Underground Tunnel Construction on
(Sept 2011) La Paila – Analyst Visit (Sept 2011)
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35. CABALLO BLANCO
Caballo Blanco Operations Team Community Involvement
(Sept 2011) (Sept 2011)
Caballo Blanco Aerial View Tree planting at Caballo Blanco
(Sept 2011) (Sept 2011)
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36. SAN JOSÉ DE GRACIA
San José de Gracia Tree Nursery
San José de Gracia Township
Tres Amigos Vein Outcrop
View Towards Tres Amigos Exploration Drill
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37. CERRO COLORADO
Loading Trucks Gold Bar
(Sept 2011) (Sept 2011)
Leach Pad
Ramp to Mine Waste Site
(Sept 2011)
(Sept 2011)
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38. EL CANDELERO
• 70/30 JV with Goldcorp
• 7 km west of San Dimas Mine (formerly Goldcorp’s)
• Produced over 160,000 oz AuEq in 2008
• Similar low sulphidation epithermal vein system (up to 2km long)
• 26,673 hectare claim areas
• 461 samples collected and assayed to date
• 118 samples with grades >1 g/t Au
• Santa Cruz – Five main vein structures 5-20m wide
• Best sample: 10m @ 17 g/t AuEq
• Pino – Four main vein structures avg. 8m wide
• Best sample: 8m @ 32.7 g/t AuEq
• Soledad – Single vein up to 20m wide and 800m long
• Best sample: 3m @ 8.6 g/t AuEq
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