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ASX Code: ORNwww.oriongold.com.au

Compelling Nickel-Copper Targets Defined at Fraser Range Project

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Disclaimer and Forward-Looking Statements

• Certain statements contained in this presentation, including information as to the future financial or operating performance of Orion Gold NL and its projects, are forward-looking statements. Such forward-looking statements:

• are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Orion Gold NL, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies;

• involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements; and

• may include, among other things, statements regarding targets, estimates and assumptions in respect of metal production and prices, operating costs and results, capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.

• Orion Gold NL disclaims any intent or obligation to update publicly any forward-looking statements whether as a result of new information, future events or results or otherwise.

• The words 'believe', 'expect', 'anticipate', 'indicate', 'contemplate', 'target', 'plan', 'intends', 'continue', 'budget', 'estimate', 'may', 'will', 'schedule' and similar expressions identify forward-looking statements.

• All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

• All information in respect of Exploration Results should be read in conjunction with the Competent Person Statements at the end of this presentation.

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Overview• The Peninsula Project is located approximately 300

kilometres from Kalgoorlie.• Exploration activity in this part of the Fraser Range Belt

has been restricted by its remote nature as well as thepresence of sand cover.

• Despite the location the nickel potential of the belt hasbeen well established due to analogies with otherProterozoic mobile belts

• eg Canada where these belts host the Thompson, Raglan& Voisey’s Bay Deposits.

• Companies to explore in the belt include Anglo, CRA/RioTinto, Geographe Resources, Teck, Newmont,Dominion, Western Areas, Placer Dome and MarkCreasy.

• The majority of exploration activity is best described as“first pass” and little follow up work was undertaken ontargets which were generated, despite the companiesinvolved.

• All this changed with the Nova Discovery by SiriusResources……..

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Lessons From Nova - Bollinger

• Diagram above is taken from Sirius Resources ASX Announcement 6th March 2013 and shows the geological setting of the Nova and Bollinger Deposits

• Both deposits are magmatic sulphide deposits hosted by a mafic intrusive complex, with associated brecciation and bounded by a pyroxene-garnet gneiss.

• The Nova “Discovery” was in fact made by following up a target defined by surface geochemical sampling, airborne magnetics and EM, regolith anomalies in aircore drilling and ground EM.

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Peninsula – the closest Nova analogy yet?

• The Peninsula Project contains one of only a few Proterozoic mafic / ultramafic intrusions identified within the Fraser Range Province.

• Lithologies intersected in RC drilling at Peninsula by Western Areas include mafic granulite and gabbronorite.• Anomalous Ni – Cu – Co - S assays were returned but no deeper test of the intrusive body was carried out.• In fact a significant amount of the intrusion remains untested, along with the surrounding area.

Plan of “The Eye” magnetic anomaly(host of Nova/Bollinger Deposit)

at the same scale as Peninsula figure.See Appendix for details.

A B

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Plan of “The Eye” magnetic anomaly (host of Nova/Bollinger Deposit)

at the same scale as Peninsula figure

A Sense of Scale

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Geophysics

• Orion acquired high resolution aeromagnetic and radiometric data from a previous survey across theproject. This has now been reprocessed to show increased detail of the intrusion.

• Ground gravity data is also available and shows a distinct high within the intrusion.• No EM surveys (airborne or ground) were previously carried out at the Peninsula Project.• Orion has recently completed an airborne HELITEM survey across the entire project area.

Bouguer Gravity Image Aeromagnetics -Analytical Signal

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HeliTEM Results

• Two significant EM anomalies associated with magnetic anomalies have been identified in the HeliTEM survey.

• Pen_HA1 & PEN_HA2 shown on plan to right

• Significantly PEN_HA2 is in the same location asanomalous Ni – Cu – Co – S intersections in historical drilling and has a coincident aeromagnetic anomaly.

• PEN_HA1 has not been covered by surfacesampling and has not been drill tested.

• Drilling to east intersected low level Au-PGE.

• Two secondary anomalies (yellow) andthree single line anomalies (stars) also identified.

• Ground EM is planned to be carried out over all anomalies to better define conductors at lower frequencies.

HeliTEM Response Ch29BInsets show aeromagnetic images of PEN_HA1 & PEN_HA2

Conductive Overburden

Interpreted Peninsula Intrusion

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Cross Section showing HeliTEM profile

Zone of Anomalous Ni, Cu, Co and S

Peak Hole From To Background

Nickel 1,427ppm PLRC015 40 41 244ppm

Copper 312ppm PLRC015 48 52 38ppm

Cobalt 197ppm PLRC017 54 55 50ppm

Sulfur 8,616ppm PLRC015 40 41 665ppm

Note:• Location of section line A – B is shown on slide 5• Background concentrations calculated by averaging all RC assays from lower saprolite & fresh rock samples• Intercepts / anomalous values taken as 2 x background• Significant intersections are defined as > 0.1%Ni.• All significant intersections are shown on this section and on slide 5

A B

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Putting the indicators together

Nova(pre-discovery)

Peninsula(currently)

Mafic intrusion

Nickel present in bedrock

Copper, cobalt & sulphur associated with nickel

Magnetic anomaly

EM conductor

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Forward Work Programme

• Ground EM over EM anomalies to commence by end July

• Ground EM will more accuratelydefine conductive bodies andassist in drill design

• Surface geochemical surveys are being considered to refine target definition, especially at PEN_HA1.

• Aim is to define robust targets for drilling later in 2013.

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Orion Gold

Notes:• Tonnes are rounded to the nearest 000, grade is rounded to the nearest 0.1, the ounces Au rounded to the nearest 100• The cut-off grades for Tubal Cain and Eureka are set at values required to report only that part of the total in situ Mineral Resource which it is believed has potential to be mined economically by

underground methods suitable for narrow vein deposits• The cut-off grade for the Cohen’s Deposit (previously referred to as the Cohen’s Stockwork Deposit) is set so as to report only that part of the Mineral Resource which it is believed has potential to be

mined economically by underground bulk mining methods• These Mineral Resources are exclusive of areas of these deposits which are known to have been previously mined.

The Mineral Resources have been classified into Measured, Indicated and Inferred categories in accordance with JORC guidelines based variably on the assessment of geological continuity, grade continuity, drill data density and grade estimation error.

Competent Persons:• The information relating to the Mineral Resource is based on and accurately reflects grade estimation and modelling undertaken by Mr P. Ball B Sc MAusIMM for Orion Gold NL in his capacity as

Consultant Geologist to Orion Gold. The Mineral Resource information has undergone review by external consultants. The reported resources are in the process of remodelling and re-estimation as a result of new information and interpretations and changed economics. Mr Ball has sufficient experience in relation to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Ball consents to the inclusion of the mineral resource information in the form and context in which it appears.

• The information relating to the Cohens Mineral Resource is based on and accurately reflects grade estimation and modelling undertaken again by Mr Ball and is compliant with the 1999 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.

Orion Gold NL – In situ Mineral Resources at 30 June 2012

Deposit Cut-offAu g/t

Measured Indicated Inferred Total

Tonnes Au g/t Tonnes Au g/t Tonnes Au g/t Tonnes Au g/t Ounces Au

Tubal Cain 4 --- --- 177,000 7.7 680,000 10.5 857,000 9.9 273,400

Eureka 4 --- --- 36,000 13.9 117,000 8.8 153,000 9.9 49,200

Cohen’s 3 80,000 5.4 388,000 5.1 210,000 6.1 678,000 5.5 119,100

Total 80,000 5.4 601,000 6.4 1,007,000 9.4 1,688,000 8.1 441,800

APPENDIX 1

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The figure used in Slides 5 & 6 is taken from the Sirius Resources ASX Announcement of 6th March 2013 which shows “The Eye” magnetic anomaly and the Nova / Bollinger Deposits.

The image has been scaled for comparison using the scale barin the legend of the diagram.

A Sense of Scale

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Orion GoldCompetent Persons StatementThe information in this report that relates to Exploration Results is based on information compiled by Mr Bill Oliver, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Oliver is the Chief Operating Officer of Orion Gold NL and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). Mr Oliver consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.