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www.corvusgold.com

TSX: KOR

Corporate Presentation

September 2010

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Denver Gold Forum September 2010

Creating Value through Discovery

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Certain of the statements contained in this presentation, including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the anticipated preparation and timing of an updated 43-101 resource estimate and an initial preliminary economic assessment at Livengood, the potential for a significant expansion of the Livengood resource, the economic outlook for the gold mining industry, the Company’s expectations regarding gold prices and production, the commencement of commercial operations on the Company’s properties, potential mining scenarios at the Company’s properties and its future liquidity and capital resources and planned expenditures, are forward-looking statements. Information concerning mineral resource estimates may also be deemed to constitute forward-looking statements in that it reflects a prediction of mineralization that would be encountered if a mineral deposit were to be developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.

Accordingly, the Company cautions that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those set out in the forward-looking statements as a result of, among other factors, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, material adverse changes in economic and market conditions, changes in the regulatory environment and other government actions, fluctuations in commodity prices and exchange rates, the inability of the Company to raise the necessary capital for its ongoing operations, and business and operational risks normal in the mineral exploration, development and mining industries, as well as the risks and uncertainties disclosed in the Company’s most recent Annual Information Form filed with certain provincial securities commissions in Canada and in the Company’s most recent Form 20F filed with the United States Securities and Exchange Commission, available at www.sedar.comand www.sec.gov, respectively. The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. All subsequent written or oral forward-looking statements attributable to the Company or any person acting on its behalf are qualified by the cautionary statements herein.

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Forward Looking Statements

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• Corvus will seek to build a non-operator, gold producing company with significant carried interests and royalty exposure.

• Corvus will leverage the exploration expertise of management to discover major new gold deposits.

• Company initially holds five projects:

– One 100% owned project in Nevada: North Bullfrog

– Four early stage to advanced projects in Alaska under JVs: Chisna, Terra, LMS & West Pogo

• Corvus Management has over 100+ years of experience in the discovery, expansion, permitting and construction of large gold deposits. Management has made multiple large gold discoveries including most recently the Livengood Gold Deposit in Alaska with over 10.6 million ounces of recoverable gold.

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Corvus Business Model

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Jeff Pontius – Chairman/CEO

30 year career with major and mid-tier mining companies in senior management positions including: North American Exploration Manager, AngloGold Ashanti; and Cripple Creek Project Manager for NERCO Mineral Co. Discoveries include Elder Creek, Yankee Mines in Nevada; Cripple Creek Mine, Colorado; and Livengood Deposit in Alaska (projects total over 30M ounces).

Dr. Russell Myers - President

Dr. Myers spent the past four years as Vice President of International Tower Hill Mines Ltd. (ITH) directing exploration work on all projects in the portfolio inclusive of the five projects now owned by Corvus. Prior to ITH, he worked for six years at AngloGold Ashanti (USA) Exploration Inc. holding several key senior geological positions. His principal responsibilities were the development of a regional gold targeting model for western North America, inclusive of Alaska as well as a number of gold regions in South America.

Mark Reishman – Nevada Exploration Manager

Mr. Reischman has over 25 years of geological experience focusing on Nevada gold exploration. Prior to joining Corvus, he worked for International Tower Hill Mines, Kinross, Romarco, AngloGold Ashanti, Barrick and BHP on various projects in the western United States and Canada. Mark was a key member of Barrick’s Bullfrog District evaluation team and defined many of the targets and concepts Corvus is currently pursuing on the North Bullfrog project.

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Management

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5 Miles Project Area

Gold Deposits

Barrick Bullfrog MineComplex (2.4 Moz Gold)

District-scaleFault System

Beatty

Nevada Gold Deposits

North Bullfrog Project, Nevada

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• 100% owned project covering 24 km² mixed patented and unpatented lands located 15 km north of Beatty, Nevada.

• Located 8 km north of BarrickGold’s Bullfrog Mine (historical gold production of 2.4 million oz gold).

• Gold first discovered in 1904 resulting in estimated historical production of ~112,000 oz gold and ~869,000 oz silver.

• Nevada is one of the top ranked mining jurisdictions in the world with numerous past and current mining operations in the Beatty area.

Lets put Photo or photos in this spot

of the general area

Looking northwest from Pioneer Hill towards Sierra

Blanca bulk tonnage target (shaded red)

Sierra Blanca

S a v a ge V a l l

ey

Yellowjacket

Silicified Rhyolite

Intrusives

North Bullfrog Highlights

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• Northern bulk tonnage targets at Sierra Blanca and Jolly Jane testing favourable volcanic unit for a Round Mountain-type deposit that could contain several hundred million tonnes.

• Exploration on high-grade vein targets at Mayflower, Pioneer and others throughout the district are targeting vein systems similar to the Bullfrog deposit 7 kilometers south of the property.

• New targets such as Connection and Savage will be tested for both bulk tonnage and high-grade vein systems.

Sierra BlancaCross Section(next slide)

North Bullfrog Geology

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• Drilled by ITH in 2008 resulting in an initial NI43-101 Indicated Resource of 57,086 oz Au and Inferred Resource of 23,793 oz Au at one target area.

• The project contains eight highly prospective gold targets consisting of two bulk-tonnage open pit target areas and multiple high-grade vein targets.

• Corvus plans to carry out a 10,000-meter drill program through Winter 2010.

North Bullfrog Exploration

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Sierra Blanca Cross Section showing Highlighted Drill Intercepts

North Bullfrog – Sierra Blanca Target

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Alaska Projects

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• Acquired in 2006 from AngloGold Ashanti (USA) Exploration Inc.

• Covers 900 km2 in the Chistochina Mining District in south central Alaska.

• Project targets new Copper-Gold Porphyry Belt similar in age and type to the Pebble deposit (located ~600 km to the SW).

• Two large, well-mineralized porphyries discovered to date, to be the focus of exploration in 2010.

• JV Partner earning 51% by spending $20M in exploration ($6.2M in 2010).

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Chisna Project, Alaska

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• The Chisna Belt has numerous past and present placer gold mining operations, producing approximately 200,000 oz.

• Large number of gold and copper occurrences are known along the belt with little modern exploration.

• Numerous porphyry related gold and copper-gold targets defined.

• Targets bordering major all-weather paved highways and power corridors with extensive winter road network.

• Agreements signed with Native Group on surrounding land.

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Pebble

Deposit

Orange Hill

Anchorage

Fairbanks

Chisna ProjectMid-Cretaceous Alaskan

Porphyry Belt

Chisna Project Background

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• The POW Target in the Northwest block is a highly mineralized structural zone which could represent leakage from a large mineral system at depth with surface assays up to 13.0 g/t gold & 9.2% Cu.

• The Grubstake target in the Southeast Block hosts multiple gold-rich porphyry targets. Soil samples returned values as high as 13.6 g/t gold.

• 2010 Work Plan includes 5,000 metres of drilling, extensive airborne and ground geophysics and extensive regional silt sampling and prospecting.

POWPOW

RavineRavineRock OnRock On

GrubstakeGrubstake

IPIP

LizzieLizzie

Chisna Work Program

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• Consists of 240 mining claims covering 130 km2 in the Hartman mining district of Western Alaska.

• Project targets large high-grade gold-silver vein system.

• Current NI43-101 Inferred Resource of 428,000 tonnes at 12.2 g/t Au (168,000 contained oz ) and 23.1 g/t silver (318,000 contained oz), at a cutoff grade of 5.0 g/t Au.

• JV with a private company earning 80% for $9.5M spend. Corvus holds a 0.5-0.6% NSR and 20% producing interest, $1.0M in 2010.

Terra Project, Alaska

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• High-grade gold vein system related to DonlinCreek-age porphyry system.

• 28 drill holes completed to date returned 111 vein intersections at >3 g/t(25% >10 g/t over >1.0 m).

• Potential for +2 million ounces in multiple veins over 8 km of strike.

• High recovery via gravity circuit (+80%), potential for near-term production.

• JV partner targeting initial production in 2011-12.

Terra District Overview

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The Ben Vein:

Mineralized vein discovered in 1998; vein has a minimum strike length of 400 m and a depth of at least 350 m.

Average width of vein resource is 2.3 m with a high-grade zone averaging 1.3 m at 23 g/t gold.

Numerous other vein systems intersected in drilling and surface sampling.

Diorite

KahiltnaShale

Shale

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Terra Project – Ben Vein

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• Acquired by ITH in 2006 from AngloGold Ashanti (USA) Exploration Inc.

• 92 mining claims covering 61 km2 in the Goodpaster Mining District, 40 km south of the Pogo Gold Mine.

• Project targets stacked siliceous breccias with surrounding high grade stockwork. Has both bulk tonnage and bonanza lode potential.

• NI43-101 Inferred Resource of 167,000 ounces gold.

• JV partner earning 55% interest by paying US$280,000 and spending US$3.5M in exploration before 2013. An NSR royalty of 3-4% gold will be payable to Corvus.

LMS Project, Alaska

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LMS Project – 2006 Exploration

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• Consists of 96 Alaska State mining claims covering over 17 km2 located 5 kilometers west of the Pogo deposit.

• Project targets high-grade intrusion-related gold vein system similar to those being mined at the Pogo Mine, Alaska’s second largest gold mine operated by Sumitomo Metals Co.

• JV partner earning 55% interest by paying US$280,000 and spending US$2.8M in exploration before 2013. An NSR royalty of 3-4% gold will be payable to Corvus.

• 2010 exploration by JV partner will follow up on high-grade vein discoveries made by ITH in 2009.

West Pogo Project, Alaska

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2020

Stock Exchange TSX: KOR

Issued & Outstanding Shares 33,614,011

Shares Fully Diluted 36,614,011

Cash Position C$3 Million

Share Structure

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2121

� Experienced Management with Track Record of Multipl e Large Gold Discoveries

� Financial, Exploration & Development Risk Leveraged Out to Joint Venture Partners

� Highly Prospective Exploration Projects in Nevada a nd Alaska

� Leverage to Gold Price Through Carried Interests an d Royalties

� Lower Exploration and G&A Costs

� Immediate Cash Flows from Joint Venture Partners

Investment Summary

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CORVUS GOLD INC.

Vancouver Office:Suite 1920 - 1188 West Georgia StreetVancouver, British ColumbiaCanada V6E 4A2Telephone: (604)-638-3246

Investor Relations:

Quentin Mai – Manager, Corporate CommunicationsE-mail: qmai@corvusgold.com Phone: 604-638-3248

Shirley Zhou – Manager, Corporate CommunicationsEmail: szhou@corvusgold.com Phone: 604-638-3247

U.S. Office:Suite 1800 - 8955 S. Ridgeline Blvd.Highlands Ranch, CO 80129 USA

Telephone: (303)-470-8700

Contact Information

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