March 21, 2013

Our aim is to become a leading Mediterranean-focused gold exploration and development company

Energy Live Expo PresentationLisbon, PortugalDan James, President

Disclaimer – Forward Looking Statement

CAUTIONARY NOTES AND DISCLAIMERS This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Medgold Resources Corp.’s projects in Europe are at an early stage and all estimates and projections are based on limited, and possibly incomplete, data. More work is required before the mineralization and the Projects’ economic aspects can be confidently modelled. Actual results may differ materially from those currently anticipated in this presentation. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be economic.

Qualified Person: Under the terms of NI43-101, Dr. Stewart Redwood is Medgold‘s Qualified Person. Dr. Stewart Redwood is an independent geological consultant specialising in minerals exploration and project evaluation. Dr Redwood has more than 30 years’ experience including over 20 years’ in Latin America. He has visited over 60 counties and has crossed both polar circles. He has degrees in geology from Glasgow and Aberdeen Universities. He has previously worked for the British Geological Survey, Mintec S.A. (Bolivia), Metall Mining Corp., Inmet Mining Corp., AngloGold, and was the co-founder of GoldQuest Mining Corp. He was involved in the definition of the Antamina copper-zinc skarn (Peru) and the Marmato gold deposit (Colombia), and in the discovery of the San Cristobal silver-zinc (Bolivia), Las Tres Palmas gold-copper (Dominican Republic), Inlice (Turkey) and other deposits. He is from Scotland and is resident in Panama.

• European focused

• Highly experienced management

• World-class technical advisors

• Strong project pipeline

Medgold

To become one of the leading Mediterranean-focused gold explorers & developers

Targeting economically stressed, but politically stable European countries, that are seeking foreign investment to invigorate the mining sector: Portugal, Italy and Spain

Objective

Strategy

Medgold Company Overview

Market capitalizationCAD $6.8 millionShare price CAD $0.13Exchange TSX-VTicker MED.V

• Medgold UK formed in April 2011

• Completed RTO-merger in December 2012 with Emerick Resources Corp.

• Changed name to MEDGOLD RESOURCES CORP.

• Part of the GOLD GROUP (inc. Fortuna Silver Mines, Radius Gold Inc, & Focus Ventures Ltd.)

The Board of Directors

• Raised capital in excess of CAD $500 million

• Extensive knowledge of both Canadian and European capital markets

• Experience in delivering projects from early exploration, through mine development, to metal production. ex: Fortuna Silver Mines (CAD $560 m). Producing silver mines in Peru and Mexico

• Directors: Simon Ridgway (Chairman), Daniel James (President), David Hall, Jeremy Martin and Ralph Rushton

Exploration team

• Highly experienced in grass-roots discoveries and project development

• Technical advisors include Dr. Richard Sillitoe and Dr. Stewart Redwood, both world-leading geological consultants

• Senior exploration managers and legal parties established in each country

• Experienced field teams comprised of 4 exploration geologists

Projects

• Three orogenic Au licence areas in Portugal

• Boticas (under application): Fracture-controlled / intrusion-hosted Au

• Vila de Rei (issued): Shear-related / sediment-hosted Au

• Tres Minas (under application): Shear-related / sediment-hosted Au

• Three epithermal Au permits in Italy

• Pietratonda, Frassine & Grasceta

• Multiple licences under application, in Spain, & awaiting public tender for several high-priority concessions

Medgold controls and has applied for prospects in the most prospective belts in Portugal, Italy & Spain

Projects

Tuscany Projects: Pietratonda, Frassine & Grasceta

Vila de Rei

Boticas

Tres Minas

Why Portugal?

• Medgold focusing on ‘investment-friendly’ and low-risk jurisdictions in Western Europe

• Portugal actively seeking foreign investment and aiming to fast-track projects to production

• Exploration and project development strongly supported by the government (Minister of Economy and Employment and the DGEG)

• Long history of metal mining with solid mining code

• Excellent potential for the discovery of multi-million ounce gold deposits

• Exclusive option to 100 sq.km licence (granted licence expected Q2 2013)

• Fracture-controlled & intrusion-hosted gold

• Mineralization associated with dilation on large-scale faults

• Fault open to NE over 7 km

• Geology similar to Fort Knox, Alaska (P&P gold reserves of 4.3 million ounces)

• Previous drilling (3,234 m from 26 holes) intercepted mineralization under ancient workings

• Mineralization dimensions of 600 x 150 x 150 m

• Multi-million ounce Au potential

Boticas, Portugal

Boticas

Salave2.1 Moz Au

Corcoesto1.48 Moz Au

Jales / Gralheira

Penedono

Castromil

Monetrmor / Boa Fe214k oz Au

Boticas Targets

Boticas licence

Ancient gold workings

c

Key Prospect

5 km

Limarinho anomaly (clockwise): Drill core up to 21.02 g/t Au; quartz-aspy veining & altered

granite; qtz-aspy veining up to 203 g/t Au; and the Limarinho prospect

12 k

m struc

tura

l

corr

idor

Key Boticas prospect

Open

Open

600 metre

mineralized zone

50.1m @ 1.70 g/t

Au

40.2m @ 1.96 g/t

Au

104.8m @ 0.83 g/t

Au

Drilling anomaly projected to surfaceOutline of historical workings

Medgold channel sample of 14.1m @ 3.98 g/t Au

Vila de Rei

• Granted licence over 308 sq. km licence

• 5 mineralised prospects along 37 km of strike

• Sediment-hosted (typically quartzite) and controlled by major regional lineament

• Key prospect has high-grade mineralization extensive over 3 km with rock chip samples of 24.7, 22.9 & 19.2 g/t Au

• Quartzite unit 50-150m thick, structurally brittle, and a favourable geological host rock

• Bulk tonnage potential. Conceptual target of 50-60Mt @ 0.6-1.0 g/t Au

Vila de Rei

Corcoesto1.48 Moz Au

Penedono

Castromil

Salave2.1 Moz Au

Jales / Gralheira

Montemor / Boa Fe214k oz Au

Vila de Rei – Extensive Linear Anomalies

Pampilha anomaly extensive over 2km with grades up to 2.5 g/t Au

38 k

m

Rei anomaly extensive of 4km grades up to 24.7 g/t Au

• Exclusive option to 95 sq.km licence (granted licence expected Q2 2013 & subject to environmental review)

• Gold mineralization hosted in quartz-sericite schists

• Project parallel to Gralheira Vein, located 5 km to the SW, and controlled by same regional structure

• Extensive roman workings, including the Covas and Riberinha pits, with 15.65 Mt mined (est. 500,000 oz Au)

• Au anomaly extensive over 9.5 km with 90% outside the archaeologically protected areas

Tres Minas, Portugal

Tres Minas

Salave2.1 Moz Au

Corcoesto1.48 Moz Au

Jales / Gralheira

Penedono

Castromil

Monetrmor / Boa Fe214k oz Au

9.5 km gold-anomalous structural corridor

Jales Vein

Gralheira Vein

Jales-Gralheira Mine806,000 oz Au mined (1933-1993)In situ resource >200k oz Au

Tres Minas Roman MinesEst. 500,000 oz Au mined(protected area)

Mine workings

Au anomaly W anomaly Fault

Tres Minas, Portugal

Italy: A Mining Destination• Tuscany: pro-mining province

with 32 active quarries, high unemployment and a skilled work force

• Region previously explored under JV with Anglo-Agip defining 30 Au-Sb targets

• Newly developed geological model for epithermal mineralization

• Target area 110 by 60 km (Carlin Trend is 60 by 10 km and endowed with >150 Moz Au) with multiple feeder structures identified

• Large-scale potential identified

Selected active earthwork operations in Southern Tuscany

Pietratonda

Frassine-Grasceta

Italy: Concept

• Geological model targeting discrete, high-grade mineralization, hosted in high-angle feeder structures

• Tuscany has key geological ingredients present to host world-class deposits (jasperiods, felsic/rhyolitic source rocks, district-wide hydrothermal alteration, extensional environment & karstification)

• Region has 50 km of strike potential with 5 km within Medgold properties

Observed mineralization

(stratiform / flat-lying)

Target is high-angle feeder structures

Southern Tuscany geology & target map

Target structures Pietratonda

Frassine-Grasceta

Calcare

Cavernoso

Verrucano

Basement

Ligurian Flysch

500

m

Pietratonda

• Gold-in-soil anomaly 1,400 by 500 with values up to 0.42 g/t Au

• Anomaly coincident with previously mined silica sand and kaolinite

• Open-pit mining possible

• Gold-in-soil anomalism interpreted as hydrothermal fluid outflow from high-grade & blind feeder structures

• Exploration will focus on definition of high-angle normal faults

• Remote sensing interpretation has identified multiple N-S-trending faults

Mined areas (silica sand & kaolin)

1.4

km

soil

anom

aly

Au-in-soil anomaly

Ope

n

Disused antimonymine Ope

n

Frassine & Grasceta

• High-grade mineralization, up to 43 g/t Au, identified

• Associated with inferred high-angle feeder structures

• Anomalous corridor identified over 1.5 km with drill-ready target

• Alunite alteration present in east of project highlighting proximity to magmatic source- increase potential for high-grade feeder structures

High-grade jasperoid mineralization (up to 43 g/t

Au)

Alunite alteration

1.5

km an

omaly

corridor

Au-Sb anomalies

2013 Work Program

Q2 2013 • Regional reconnaissance, mapping and sampling at Vila de Rei

• Channel sampling, mapping and drill target definition at Boticas (subject to licence issuance)

• Project reviews in Spain (3 projects under application)

• Follow-up sampling on Italian projects• Drilling Boticas

Q3 & Q4 2013

Medgold

• Mediterranean-focused gold explorer targeting projects with multi-million ounce potential

• Highly experienced team, exploring in politically stable and investment-friendly jurisdictions

• Strong project pipeline to generate good news flow in coming 24 months

Directors

Simon RidgwayChairman & CEO

Founder of numerous successful resource companies including Fortuna Silvermines. Has raised close to $400m to fund projects globally.

Daniel JamesPresident

Started exploration career in 1997 working as an exploration geologist in Tanzania. In 2005, Dan joined consultants ACA Howe and was involved with various CPR’s. He joined Stratex international in 2007 managing exploration on the Inlice gold deposit in Turkey. Established operations and exploration projects in Ethiopia, and led teams to the discovery of the Afar Epithermal Province.

Ralph Rushton 20 years’ experience as a geologist in Southern Africa, the Middle East and Eastern Europe. Has worked with Simon Ridgway’s companies for 10 years focussing on corporate development and IR. Director of a number of Canadian public companies.

Jeremy Martin Extensive South American exploration experience for Inca Pacific Resources followed by Central America and Europe. He has been involved in the formation of various AIM listed companies and has completed a number of high value mineral project transactions.

David Hall 30 years’ in exploration and development on projects and mines in over 50 countries. Previous positions include Chief Geologist for Minorco SA; consultant geologist for Minorco South America; and Exploration Manager for AngloGold South America. Involved in discoveries in South America and Europe. Corporate role in a number of public and private companies.

Technical Advisors

Dr Stewart Redwood

An independent geological consultant specialising in minerals exploration and project evaluation. Dr Redwood has more than 30 years’ experience including over 20 years’ in Latin America. He has visited over 60 counties and has crossed both polar circles. He is from Scotland and is resident in Panama.

Dr Richard Sillitoe Richard Sillitoe is a world-renowned economic geologist. He has been an economic geological consultant for over 40 years and has worked in over 70 countries. He is best known as a porphyry-epithermal specialist but is well versed in al styles of gold and base metal mineralisation. In 2002 he was the first non-American President of the Society of Economic Geologists. He is the author of over 100 economic geological articles and also two books.

Management

Contact Details

Dan JamesPresident, Medgold Resources Corp.

dj@medgoldresources.com+44 207 305 7050 | +44 7972 579188