Objective Capital's Global Resources Investment Conference 2011 Stationers' Hall, City of London 27-28 September 2011 Day 1- Session 6: Americas' focus Speaker: Steve White, Ecuador Gold Inc

1. Ecuador: rehabilitating a land with a chequered mining history Steve White – Ecuador Gold

2. @Objectivelive GLOBAL RESOURCESINVESTMENT CONFERENCE 2011 Lead sponsor: Media partners: Other sponsors & participating organisations:

3. ADVANCED GOLD PROJECT IN ECUADOR Corporate Presentation September 2011 3

4. Disclaimer Forward Looking Information This presentation includes statements that are forward-looking. All statements in the presentation (other than statements of historical fact) that address future operations or plans of Ecuador Gold Inc. (“ECC”) or their affiliates, proposed acquisitions, development and commissioning of mines, long term corporate goals, estimated development costs or operating costs, marketing plans or anticipated customers, mine reserves or resources, expansion of production, demand for product, and the future of the mining industry in general and the mining industry in Ecuador in particular are forward-looking statements. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the results, performance or achievements implied by the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, market prices for gold, general economic, market and business conditions, risks and uncertainties related to ECC’s abilities to complete their acquisition of gold properties in Ecuador, to successfully explore and develop the property, to obtain all necessary permits for exploration and development as and when required, to obtain listings for securities of ECC on a Canadian stock exchange upon completion of the acquisition of the property by ECC, estimation of resources and reserves, delays in exploration or development, accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, gold price fluctuations, failure to obtain adequate financing when needed, exchange rate fluctuations, and risks and uncertainties associated with doing business in Ecuador. Although ECC has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward looking information. There may be information in this presentation that is information about prospective results of operations, financial position or cash flows (a “financial outlook”). This financial outlook is provided only to assist in an evaluation of the prospective business outlined in this presentation, but are not to be relied upon as accurate representations of future results and may not be appropriate for any other purpose. Furthermore, because this financial outlook is based upon estimates and hypothetical assumptions about circumstances and events that have not yet taken place and are subject to variation, there are no representations or warranties associated therewith, and there can be no assurance that the outlook will be attained. Readers are cautioned that no forward looking statement or financial outlook is a guarantee of future performance. ECC assumes no obligation to update these forward-looking statements or financial outlook except as may be required by law. Not an Offering of Securities This presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities of ECC or any other securities. Cautionary Note to U.S. Investors Concerning Estimates of Measured and Indicated Resources This presentation uses the terms “Measured” and “Indicated” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. www.ecuadorgoldinc.com 4

6. Proximity adjacent to a Major

7. Experienced Management

8. Reinterpretation of the Geological Model

9. Aggressive Drill Program

10. Timing - Ecuador now ‘Open for Business’

11. Fully Funded - Listing Imminentwww.ecuadorgoldinc.com 5

13. Geological studies performed by the British, Swedish and Ecuadorian Geological Surveys

14. Mining code established and mining tenement registry (catastral) is posted on the internet

15. Mining contracts being negotiated with Kinross, China Railway and International Minerals

16. Kinross has committed to investing $1.1 billion to the development of its Fruta del Norte Project

17. All business in Ecuador is transacted in US$www.ecuadorgoldinc.com 6

18. Location www.ecuadorgoldinc.com 7

20. Current 43-101 - 2.8 million oz gold

21. Additional 43-101 – 14.92 million oz silver

22. New geological interpretation of property/package

23. Aggressive 40,000+ meter exploration & drilling campaign starting in Q4 2011

25. Management www.ecuadorgoldinc.com 9

27. FJTX Concession – acquired from EcoMetals – paid $500,000 (31st May)Ecuador Capital Corp Agreement to acquire all of Alca Gold’s 90% Interest Alca Gold Corp Agreement to acquire Ecometals 90% Interest Condormining Corp www.ecuadorgoldinc.com 10

30. Resources estimate 13.7 MMoz Au

31. In 2011, Kinross announced $1.1 billion for the Fruta Del Norte gold project to produce 400,000 oz per yearwww.ecuadorgoldinc.com 11

35. 11.5 MMoz Ag M+I and 3.5 MMoz Ag inferredwww.ecuadorgoldinc.com 12

37. Four types of mineral systems exist

38. Low sulphidation epithermal gold in diatremes

39. Vocaniclastics & breccia pipes

40. Polymetallic (Au, Ag, Pb, Zn) mesothermal veins & structurally controlled high grade epithermal gold

41. Gold, copper/gold & copper/molybdenum porphyry systems

42. The Northern Sectorcomprises low sulfidation mineralization which is hosted by a series of breccia pipes, porphyry potential, as well as by the numerous narrow fault-veins of the Chinapintza Vein System

43. The Southern Sectoris host to both classic Cu-Au Porphyry mineralization and structurally controlled higher grade Au

44. El Hito is a large classic Cu-Mo PorphyryChinapintza Los Cuyes San Jose El Hito Santa Barbara www.ecuadorgoldinc.com 13

45. Two Porphyry Models TYPE A Gold – Copper Base Metal Model +/- Ag, Mo, Zn TYPE B Gold Rich Model Au, Cu, Mo, Zn, Bi, Te, As www.ecuadorgoldinc.com 14

46. Northern Section Regional Geology www.ecuadorgoldinc.com 15

47. Northern Section Geology Condor Gold: New District Geologic & Porphyry Models Geophysics Anomalies, Geology & PDH www.ecuadorgoldinc.com 16

48. Northern Section - IP IP Interpretation with Porphyry Types www.ecuadorgoldinc.com 17

49. Northern Section Geology Geology & Porphyry Type X-Sections www.ecuadorgoldinc.com 18

50. Northern Section Geology & Geophysics Sections IP Geophysics with Porphyry Types www.ecuadorgoldinc.com 19

51. Northern Section Geology & Geophysics Sections Resistivity Geophysics with Porphyry Types www.ecuadorgoldinc.com 20

52. Northern Section Magnetics Northern Section Proposed 2011 Drilling www.ecuadorgoldinc.com 21

54. Combined 1.9 MMoz Au resource

55. Jerusalem M+I resource of 585,100 oz Au at an average grade of 12.4 g/t and an inferred resource of 710,130 oz Au at an average grade of 11.5 g/t

56. Proposed acquisition or JV with Dynasty to facilitate consolidated exploration, resource development and feasibility

57. Further Exploration could significantly increase resources & economicsChinapintza District www.ecuadorgoldinc.com 22

58. Northern Section – Los Cuyes Deposit www.ecuadorgoldinc.com 23

59. Northern Section – Soledad Deposit High Grade Zinc-Pyrite Veined Breccia Underground Working in High Grade Vein Los Cuyes Deposit www.ecuadorgoldinc.com 24

60. Northern Section – Enma Deposit Drill hole DEN-04a 74 to 76m depth assayed 250g Au over 2m Various Types of Mineralized Breccias Local Mine Extracting High Grade Vein www.ecuadorgoldinc.com 25

63. Further exploration will be conducted in upcoming exploration campaignChinapintza Los Cuyes San Jose El Hito Santa Barbara www.ecuadorgoldinc.com 26

64. Southern Section – Santa Barbara IP/Chargeability with Previous & Proposed Drilling www.ecuadorgoldinc.com 27

65. Southern Section – El Hito DH02: 171.2 m, Moly – cpy in grandiorite porphyry DH03: 19.2 m, malachite in coarse grained diorite porphyry Quartz stockwork zone in a porphyry intrusion at the SW part of El Hito. The outcrop is about 75 m wide. The area is still untested by drilling. www.ecuadorgoldinc.com 28

66. Capital Structure *Pro forma Structure on completion of TSX Venture listing www.ecuadorgoldinc.com 29

68. Proximity adjacent to a Major

69. Experienced Management

70. Reinterpretation of the Geological Model

71. Aggressive Drill Program

72. Timing - Ecuador now ‘Open for Business’

73. Fully Funded - Listing Imminentwww.ecuadorgoldinc.com 30

74. Contact Contact: Steve White Suite 1910-1055 West Hastings StreetVancouver, BC V6E 2E9 Tel: 604-657-5871 UK – 07757 457 364 Email:swhite@ecuadorgoldinc.com www.ecuadorgoldinc.com 31

75. Appendices www.ecuadorgoldinc.com 32

77. 0.25 g/t or 0.5 Au cut-off grade

78. Totals are roundedwww.ecuadorgoldinc.com 33