TSXV:AIAOctober2012

MaverickGoldProjectExpandingResourcesandAdvancingtoGoldProductionin2013

ForwardLookingStatements

2

Some statements contained in this presentation are forwardlooking and, therefore,involve uncertainties or risks that could cause actual results to differ materially. Suchforwardlooking statements include comments regarding mining and milling operations,mineral resource and reserve statements and exploration program performance. Factorsthat could cause actual results to differ materially include metal price volatility, economicand political events affecting metal supply and demand, fluctuations in mineralizationgrade, geological, technical, mining or processing problems, exploration programs andfuture results of exploration programs, future profitability and production.

Historical resources in this presentation are historical estimates that predate NI 43101and are not compliant with current definitions, and have not been verified by thecompany; consequently, they should not be relied on by investors.

www.aurigagold.ca

TheAurigaGoldOpportunity

www.aurigagold.ca 3

NeartermObjective Achievegoldproductionin2013(+40,000opa)andexpandgoldresourcesto+onemillionounces

Vision Expandgoldproductionto100,000oz/yearanddoublegoldresourcestogreaterthan2millionounces

throughexpansion,newdiscoveriesandregional/sectorconsolidation

StrategicAdvantage FavourableminingjurisdictioninManitobawithregionalinfrastructure Low$18millioncapitalrequirementtoresumeproductionutilizingexistingmineandmillinfrastructure Existingpermitsandminingleaseinplace,NOAforopenpitminingtobesubmittedinOctober2012 Reducedriskopenpitminestartup Underexploredregionalgoldbearinggeologicalenvironment Managementexperiencedatdiscovery,resourceexpansion,developmentandoperations

SuperiorInvestmentOpportunity AttractivevaluationEnterpriseValue/ouncevs PeerCompanies StrongvaluationofPricetoCashFlow

PathtoProduction

PropertyAcquisitionNovember2010

InitialPuffyNI43101Resource

August2011

PuffyPEAOpenPit/UGJanuary2012

InitialNokomis43101Resource

CompleteMillRefurb

TestMiningQ12013

Production2013

ReFocusingonMaverickGoldProject,ManitobaRestartofMiningOperationsPlannedfor2013

4

HistoryofPuffyMineDevelopment/Operations OperatedfromJan88toApr89byPioneerMetals Produced29koz from19881989from370,000tonnes 1987Kilborn feasibilityrecommended500tpd mill:

Capex:~32mln in1987/88 Pioneeractuallybuiltmillwithcapacityof1,000tpd;

stillinexcellentconditiontoday 6.9kmu/gdriftingtoaverticaldepthof130m 1993Kilborn feasibility:

Resource:524,376oz@~7.6g/tAu Reserve:184,200oz@6.7g/tAu

AurigaGoldDevelopmentatMaverick Neartermgoldproduction,withsignificant

explorationupside 65kmfromFlin Flon,15kmfromSherridon Nearoperatinggoldandbasemetalmines,rail

lineandpowerinfrastructure PositivePEAonopenpitandU/Gminingprogram

Lowcapitalcostrequirementfor40,000ozAuperannumstartup($18.1millionCAPEX)

NPV(pretax5%):$95.4Million(pretax8%):$79.6Million

IRR(pretax)84% Explorationtargeting >1millionounces

InitialNI43101,174,000ouncesIndicated,558,000ounces Inferred@~5.8g/tAu

Experiencedmanagementwithaprovenrecordof

minedevelopment,resourcediscovery

andexpansion.

www.aurigagold.ca

T

o

n

n

a

g

e

(

t

p

d

)

Grade(g/t)

00.511.522.533.544.5

0

200

400

600

800

1000

1200

Tonnage

Grade

Auriga GoldCapitalStructureandSharePrice

5

Auriga GoldCorp.(AIA:TSXV)

SharedataandcashpositionasofOctober2,2012

SharesOutstanding 54,652,980

WarrantsandOptionsO/S 28,013,768

FullyDiluted 82,666,748

MarketCapitalization $10.9million

CashPosition $1.0million

Debt $0.9million

Indicativetermsheetsforgoldloanfacilitybeingreviewed*

OptionsandWarrants

No.ofWarrants/

Options

Avg.Exercise

Price

Options 3,107,500 $0.27

Commonsharewarrants 24,906,268 $0.44

Expiringb/wOct2012 February2017

SignificantHolders Ownership

PioneerMetals(Barrick Gold) 8.2%

ClaudeResourcesInc. 6.2%

ManagementandDirectors 5.2%

InstitutionalHoldings 2.9%

XstrataCanada 2.4%

AIA:TSXVSharePrice

Source:tmx.comandAuriga Gold

www.aurigagold.ca*For details see June 21, 2012 PR

FundingOptionsGoldPrepayLoanAgreement:$23Million

IndicativeTermSheet Totalloan:$23million AurigaGoldscapitalexpenditures:$18.1million Loanrepayment:monthlygolddeliveries

averaginglessthan20%ofscheduledgoldproduction

Term:repaymentover36monthsfollowinga6monthgraceperiod

Goldpricing:Flexibilitytosellatprevailingmarketrates

Subjecttoduediligence

6 www.aurigagold.ca

AurigaGoldManagementandDirectorsFinance,DevelopmentandOperationalExpertiseinPlace

7

ExperienceinDiscovery,ResourceExpansion,MineDevelopmentandOperations

www.aurigagold.ca

Gorden Glenn, Interim President & CEO, DirectorOver 20 years experience in the financial industry as Investment Banker(TD Securities and Desjardins) and Research Analyst as well as variousroles in mining companies evaluating economic and technical validity ofmostly Canadian projects.

Mike Kernick, General ManagerMr. Kernick has over 20 years experience in underground and open pitmining operations, particularly in narrow vein gold mining. FormerlyMine Superintendent at the Lake Shore Gold, Bell Creek Mine,Underground Superintendent at Trelawneys Chester Mine and prior tothat, Mine Manager at Liberty Mines RedstoneMine.

Vic Hugo, CMA, Financial Controller and CFOAn accounting professional with over 15 years of international financialmanagement experience, particularly in the mining and manufacturingsectors.

Eric Loch, PMP, Projects ManagerMr. Loch has over 20 years experience successfully building capitalprojects with understanding of project engineering and construction inthe mining and industrial sectors. He has held senior projectmanagement positions with DeBeers and Rio Tinto.

Bruce Mackie, M.Sc., P.Geo., Geological and Technical AdvisorMr. Mackie is a professional geologist, with over 35 years of miningindustry experience in Canada and internationally. He has a provenexploration record, having managed several successful projects inuranium, gold and base metals in senior positions with Noranda, HemloGold and North American Palladium.

Alison Tullis, Investor Relations ManagerEight years of investor relations experience in a variety of industrysectors most recently providing IR consulting services to miningcompanies.

Chris Irwin, LL.M., DirectorMr. Irwin is President of Irwin Professional Corporation, a corporationproviding legal services mainly to the natural resource sector.

James D.A. White, DirectorMr. White is the Managing Partner of Baynes & White, a Torontobasedpension and benefits actuarial consulting firm.

Brian Robertson, P.Eng., DirectorOver 30 years experience in corporate management, explorationprograms, project management, mine permitting, construction,development and operation as well as the evaluations or corporateacquisitions.

MaverickGoldProjectExistingInfrastructure PastAuProduction ResourceExpansionPotential

8

PastProducingPuffyMineandMillDevelopment Produced28,000oz from19881989 Existing1,000tpd millandprovidesstartupto

productionatreducedcapitalcost Existingportalandramptoundergroundmine

workings 2012PEAmineplan:recoveryof348,000oz over

7.5yearsatthePuffyDepositResourceExpansiontargeting>1Moz Gold ExpandandupgradegoldresourcesatPuffyand

Nokomisdepositsbystepoutandinfilldrilling NumerousdrillingtargetsoutlinedfromVTEM

surveyalong20kmgoldbearinghorizon Recentdrillingintersected7.63mwith125.08g/t

AuatNokomis

9MaverickGoldProjectPuffyDeposit GeologySurfacePlanandSection

OPEN

NI43101ResourceEstimate(August2011) 174,000ouncesIndicated,558,000ouncesInferred

www.aurigagold.ca

A385 2.3m@12.6g/tAuand0.5m@24.3g/tAu A383 2.0m

@12.0g/tAu

A384 6.2m@7.6g/tAu

A381 1.7m@47.2g/tAu,incl.0.5m@145.5g/tAU

10

MaverickGold PuffyMineSurfacePlanandResourceModel

Portal/RamptoU/GMine

N

1000tpdMill

1.5kmstrikelength,openonstrikeandtoNE

open

open

open

Underground workings

Resources: IndicatedInferredPuffy Veins

3DmodellookingW

3DmodellookingNW

www.aurigagold.ca

MaverickGoldProject PuffyMinePreliminaryEconomicAssessmentPEAFebruary2012 basedonAugust2011NI43101ResourceEstimate

www.aurigagold.ca 11

AverageAnnualProduction: 45,000oz/annumAuRecoverableGold1: 348,000recoveredoz Au@avg.of5.8g/tAudiluted

20.3%fromopenpits;79.7%fromu/gMillingRate: 750tpdMillRecovery: 90%LifeofMine: 7.5years

TotalCAPEX: $18.1M(incl.$3.02mcontingency)

AverageLOMcashcost: CAD$949/oz

UndiscountedCashFlow(pretax): $130.5MPayback: 20th month

ofprocessingoreNPV(pretax,5%) 2: $95.4M(pretax,8%)2: $79.6 MIRR(pretax): 84%

1. InitialMinePlaninFebruary2012PEA2. BasedongoldatUSD$1400/oz

Goldprice,operatingcost,capitalcostsensitivityanalysis@8%NPV

MaverickGoldProject PuffyMinePreliminaryEconomicAssessmentPEAFebruary2012 basedonAugust2011NI43101Resource Estimate

12

Openpitcostanticipatedat$650/ozexcludingsustainingcapital

20.3%ofgoldproductionfrominitiallowriskopenpitproduction

$949/oz averageLOMoperatingcashcostincluding$77/oz sustainingcapital

$18.1millionCapex toproduction

$130.5millioncumulativecashflowat$1400/oz

Paybackin20months

www.aurigagold.ca

$50,000,000

$25,000,000

$0

$25,000,000

$50,000,000

$75,000,000

$100,000,000

$125,000,000

$150,000,000

$175,000,000

$200,000,000

oz

10000oz

20000oz

30000oz

40000oz

50000oz

60000oz

OuncesRecovered

CumulativeCashFlowat$1400/ozAuCumulativeCashFlowat$1600/ozAu

112345678 112345678$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

oz

10000oz

20000oz

30000oz

40000oz

50000oz

60000oz

U/G

OpenPit

OperatingCost/oz

TotalOp+SustCost/oz

MaverickGoldProject PuffyMineLongitudinalSectionFacingWest

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Longitudinalsectionlookingwestshowingexistingundergroundworkings,proposedopenpits,andproposedstopes fromallzones.BasedonFebruary 2012PEAandAugust2011,NI43101Resource

Estimate

Pit 1

RecoveredOunces

OpenPits:Pit1:20,760ozPit2:4,950ozPit3:6,060ozPit4/5:37,740ozTotalPits:69,510oz

UndergroundMiningAreas:Area1:49,000ozArea2:124,000ozArea3:108,000ozArea4:23,000ozTotalUndergound:304,000oz

Pit 4/5Pit 1 Pit 2 Pit 3

www.aurigagold.ca

AREA 1

AREA 3AREA 2

AREA 4

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MaverickGoldProjectMaverickMill 1000tpd

MaverickProject SignificantResourceExpansionPotential

15

Targetinginexcessof1,000,000ouncesgold

WelldefinedmajorregionalgoldmineralizedstructureatthenorthernborderofFlin Flongreenstonebelt

Ongoingdrillprogramtoexpandresources

MaverickPropertycoversover20kmofstrikelength

Targethaswelldefinedgeophysicstrendwithseveralshowingsfoundalongstrike

InitialPuffyDepositNI43101GoldResourcesof174,000oz AuIndicatedand558,000oz

HistoricalnearsurfaceresourcesatNokomis,potentialmillfeedforPuffyMill

DrillholeA3480.50m@23.68g/tAu

PuffyDepositandOnsiteMill

NokomisDeposit68,523oz@6.1g/t

www.aurigagold.ca

MaverickGold NokomisDeposit8kmNortheastfromtheMaverickMill

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Potentialopenpitsatellitedeposit Confirmationdrillingprogramcomplete,A.C.A.Howe

engagedtocompleteNI43101report,expectedinQ32012 Initialhighgradegoldintercepts

125.08g/tover7.6m(incl.1,830g/tover0.5m); 12.27g/tover5.2m; 5.1g/tover6.4m; 9.65g/tover5.6m(incl.62.23g/tover0.5m)

Highgradenearsurfacemineralization

www.aurigagold.ca

MaverickGoldProductionTimeline

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2 0 1 22 0 1 3 2 0 1 4

Q 1 Q 2 Q 3 Q 4

Resource ExpansionDrilling

NI43101Reports

Mill,powerandancillarybuildingrefurbishmentandsitepreparation

Communityengagement

Openpitandtestmining

U/Gdevelopment anddewatering

U/G teststope andmining

Paybackcomplete@$1400/oz Au

NOKOMISResource

PUFFYFEAS.Study

GoldProductionMilestone

MaverickGoldProjectPotentialGoldProductionExpansion

18

Areaconsolidation

Tollmillingopportunities

Resourceexpansionon

majorstructure

++ExtendMineLife

ExplorationsuccessonMaverick

Gold

MaverickPropertycovers20

kmofmajorregional

mineralizedstructure

+ResourceExpansion

NokomisDeposit

HistoricalResource

68,523oz@6.1g/tAu

8kmfromPuffyMineandMill

Openpitpotential

Targetingfullmillcapacityat

1000tpd

>50,000oz/yr

CombinedU/Gandopenpit

PEAStudy750tpd7.5yearminelife348,000

recoveredgoldounces

45,000oz/yr

www.aurigagold.ca

Auriga GoldPeerComparison

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Superiorinvestmentopportunity: 54.7millionshareso/s AttractiveEV/oz relativetopeers SuperiorprojectedannualCF/Share LowCAPEXtoproduction

BasedonSeptember4,2012shareprices,totaloz includesreservesandresources,compiledfromsourcesbelievedtobereliable.Operatingcompanyproductionfiguresbasedonactualfinancialresults.Source:SEDAR,corporatewebsites. AurigaGoldproductionandcashflowdatabasedonFebruary2012PEA.Assumes$23Mgoldloanfacility(seepressreleasedatedJune21,2012).Thismodelisforcomparisonpurposesonlyandshouldnotbeconstruedasaspecificfinancingplan.

$

/

o

z

Company SymbolShare

Price($)SharesO/S

(M)MarketCap

($M)Total

Oz(M) Oz.paOp CostperOz.

EnterpriseValue(EV

$M) EV/ozEstCF$M@$1400 EV/CF

Shares/AuOz

PricetoCashFlow

QMXGoldCorporation QMX.TO 0.40 30.1 $12.0 1.9 83,000 $1,400 $25.9 13.6 15.8 BrigusGold BRD.TO 0.92 217.3 $199.9 4.6 57,001 $800 $198.0 41.6 34.2 5.8 45.7 5.85xClaudeResources CRJ.TO 0.68 173.7 $118.1 4.1 44,756 $1,082 $75.1 18.5 14.2 5.3 42.5 8.30xGoldenBand GBN.V 0.17 284.7 $48.4 0.8 45,000 $1,076 $83.4 99.7 14.6 5.7 340.2 3.32xMetanor Resources MTO.V 0.26 226.6 $58.9 1.6 60,000 $464 $63.8 39.9 56.2 1.1 141.5 1.05xSanGold SGR.TO 0.76 325.3 $247.2 4.3 74,227 $970 $223.1 52.3 31.9 7.0 76.2 7.75xSt.AndrewsGold SAS.V 0.44 368.2 $162.2 5.2 74,022 $919 $153.8 29.4 35.6 4.3 70.4 4.55xAurigaGold AIA.V 0.20 54.7 $10.4 0.7 40,000 $950 $13.7 18.8 18.0 0.8 74.7 0.61xAurigaFullyFunded AIA.V 0.20 54.7 $10.4 0.7 40,000 $950 $37.4 51.1 18.0 2.1 74.7 0.61x

0.020.040.060.080.0100.0120.0

EV/oz

AurigaGoldSummary

20

MaverickGoldProject(100%) Manitoba Neartermgoldproduction,withexcellentexplorationupside Pastproducingproperty,withsignificantonsiteinfrastructure

1000tpd mill,ancillaryfacilities,rampandundergroundworkings,roadaccesstoproperty,powerandraillines

PositivePEAonU/Gandopenpittestminingonnearsurfaceresources CAPEX:$18.1Million;undiscountedcashflow:$130Million

Managementexperiencedatdiscovery,resourceexpansion,developmentandoperations

NI43101ResourceEstimate: 174,000ouncesIndicated,558,000ounces Inferred ContinuedresourceexpansionandupgradedrillingatNokomis

andPuffydeposits

Mokoman CopperGoldProperty(100%) Saskatchewan

FoxPGMNiCuProperties(75100%) Manitoba

Centrallylocatednearexistingminesand

infrastructureintheFlin Flon Mining

District,Manitoba

www.aurigagold.ca

21

Formoreinformation:

AurigaGoldCorp.A I A : T S XV8KingStreetEastSuite1300Toronto,ON

AlisonTullisManager,InvestorRelations4162142785atullis@aurigagold.cawww.aurigagold.ca

AIA_AurigaGoldAIA.AurigaGold

MaverickGoldProjectFlin Flon GoldandVMSBaseMetalDistricts

22

StrategicallylocatedinoneofManitobaspremierminingcamps accesstopeople,infrastructureandGOLD

MAVERICKGOLDPROJECT

FLINFLON

SNOWLAKE

SHERRIDON

CRANBERRYLAKE

MaverickGoldProjectMineralResources AllZones

23

PuffyDeposit@2.5g/tcutoffgrade(undergroundmodel)

ResourceCategory Tonnes Grade(g/t) InsituOzs Gold

Indicated 702,000 6.29 142,000

Inferred 3,018,000 5.65 548,000

PuffyDeposit@0.60g/tcutoffgrade(openpitmodel)

ResourceCategory Tonnes Grade(g/t) InsituOzsGold

Indicated 242,000 4.16 32,000

Inferred 78,000 3.81 10,000

Nokomisadditionalsatelliteresources(undergroundmodel)

ResourceCategory Tonnes Grade(g/t) InsituOzs Gold

ProvenandProbable 349,110 6.10 68,523

*HistoricalresourcesinthepresentationarehistoricalestimatesthatpredateNI43101andarenotcompliantwithcurrentdefinitions,havenotbeenverifiedbythecompanyandconsequentlyshouldnotbereliedonbyinvestors.

NI43101ResourceEstimate October2011 Underground:3,720,000tonnes containing690,000oz Goldatacutoffgradeof2.5g/t;and OpenPit:320,000tonnes containing42,000 oz Goldata0.6g/tcutoffgrade

HistoricalResources

The resource was estimated by Fred Brown, CPG, and Eugene Puritch, P.Eng. of P&E Mining Consultants Inc. Mr. Puritch and Mr. Brown are Qualified Persons ("QPs") as defined by NI43101. Bruce Mackie, P.Geo., was QP for the Companys drill program and supervised the preparation of the scientific or technical information for the property. The contents of thispress release has been reviewed and approved by Mr. Brown, Mr. Puritch and Mr. Mackie. An NI 43101 technical report supporting this resource estimate will be filed on SEDAR within 45days of this press release.

PuffyMineCombinedU/GandOpenPitModelfromFebruary2012PEA

OpenpitminingmethodandConventionalopenpitmining Mining:$5.50/tonnecostsbycontractor Definitiondrillingandgradecontrol $1.41/tonneof

Wasterockstripping $4.50/tonnewasterock Undergroundminingmethod Roomandpillar(Slushblastedmuckdown30 diptosilldrift)

costsbyCompanypersonnel Rampandventilationraises $3,000/metreMiningandtransporttomill $106/tonnemilledDefinitiondrillingandgradecontrol $2.97/tonnemilled

Othercosts Processing $25/tmilledTailingsandwatermanagement $1/tmilledGeneralandAdministration $11.06/tmilledUndergroundmineindirectcosts $4.40/tmilledMineclosure $1.3M

Totaloremilled 2,039,000t Miningrecovery Surface90%;U/G88% Averagedilutedheadgrade 5.8gAu/t Millthroughput 750tpd Millrecovery 90% Totalestimatedgoldrecovered 348,000troyoz Au Goldprice US$1,400/oz Au US$:CAD$exchangerate US$1=CAD$1.014

Goldroyalty 3%Totalgrossrevenuefromgoldsales $478MPretaxundiscountedcashflow $130MPretaxNPV(5%) $95MPretaxNPV(8%) $79MPretaxIRR 84%PretaxPayback 2.5yrs

NoncoreProjectstobeRationalized

Mokoman CopperGoldProperty(100%) Saskatchewan 1,500hapropertywithahistoricresourceof6.0milliontonnesat0.90%Cuand0.18g/t

Au(NonNI43101)FoxPGMNiCuProperties(75100%) Manitoba 58,000hawithhighpotentialforPGMs+Ni/Cu GreatFallszonewithgrabsamplesupto5g/tPtPd+Au,1.1%Niand2.3%Cu

25 www.aurigagold.ca