murgor presentation

MURGOR RESOURCES INC.

CORPORATE PRESENTATION

July 2012

Resources Inc.

MGR: TSX-V

F o r w a r d - L o o k i n g S t a t e m e n t

CAUTIONARY STATEMENT ON

FORWARD-LOOKING INFORMATION

Certain information contained or incorporated by reference in this presentation, including any information as to our future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the currency markets (such as the Canadian versus

the U.S. dollar); fluctuations in the spot and forward price of gold or certain other commodities (such as copper); changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada or other countries in which we do or may carry on business in the future; business opportunities that may be presented to, or pursued by, us; operating or technical difficulties in connection with mining exploration or development activities; employee relations; the speculative nature of gold exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or inability to

obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. You are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

www.murgor.com 2

Murgor Capitalization

Murgor Resources Inc: MGR:TSX-V

Share Price (06/06/12)

Shares Outstanding:

Shares Fully Diluted

52-Week High/Low

Market Capitalization:

Treasury:

Major Shareholders:

$0.04

120,985,590

133,206,980

$0.175 - $0.035

$4.8M

$1,786,000 (unaudited Jan. 31, 2012)

(No Debt)

Institutional: 39.4%

Retail: 60.6%

MGR: TSX-V www.murgor.com

* Victoria Gold Mines East Timmins Ltd.

David Larche, President & CEO

Partner on Golden Arrow Project

3

Victoria Gold Mines* 12.4%

Dundee Resources 9.5%

Beijing Donia: 6.7%

Sprott Securities 5.5%

Others: 5.3%

MGR: TSX-V

Management & Directors

Management:

André C. Tessier, PEng, PGeo President & Chief Executive Officer

Isabelle Gauthier, CA Chief Financial Officer

Randall Salo, PGeo Manager of Exploration

C. Jay Hodgson, PhD Chairman and Director

André C. Tessier, PEng, PGeo Director

David W. Moore, PGeo Independent Director

Michael D. Doggett, PhD Independent Director

Nick Zeng Independent Director

Directors:

MacKenzie I. Watson, P.Eng

Advisors:

www.murgor.com 4

Murgor Fundamentals

MGR: TSX-V

• The Golden Arrow Gold Project

• The Wim & Hudvam Cu-Au Projects

Advanced Projects in the Flin Flon Belt, Manitoba

Combined NI 43-101 resource of:

Flin Flon

Chibougamau

Red Lake

Timmins

Advanced Gold Project in Timmins, Ontario

www.murgor.com

• Grassroots projects Exploring the Richest Mineral Belts in Canada

(Mineral resource with in situ value well over $1.4B USD)

• 1% NSR at the Barry Gold Mine, QC

*

* Summary of resource only. Please visit www.murgor.com or SEDAR for the complete details of Murgor’s 43-101 Compliant Resource at Wim and Hudvam.

Waconichi Project in Abitibi, Quebec

Gullrock Project in Red Lake, Ontario

Moose Lake Project in Snow Lake, Manitoba

5

• Wim & Hudvam Projects, Manitoba

Optioned from HudBay Minerals Inc.

Murgor - Strength in Partnerships

MGR: TSX-V

• Waconichi Project, Quebec Under Option to Northern Superior Resources Inc.

www.murgor.com

• Benoit Project, Quebec Under Option to Cartier Resources Inc.

• Nelligan Project, Quebec

In JV with Metanor Resources Inc.

• Windfall Project, Quebec Under Option to Eagle Hill Exploration Corp.

6

http://www.ressourcescartier.com/fr/sites/RessourcesCartier2/Main.aspx

http://www.eaglehillexploration.com/

The Golden Arrow Gold Mine – Timmins, Ontario

The Golden Arrow Gold Mine – Open Pit

PROJECT HIGHLIGHTS

MAIN MINERALIZED ZONE:

Strike Extent: > 1 km long

Average Width: 42 m

Max. Depth: 425 m to date

Average Grade: 0.813 to 1.296 g/t Au

Past Producer 1981-1982:

303,449 tons @ 2.15 g/t Au

Historical gold recoveries of 91.2%

Extensive onsite and offsite Infrastructure Six operating mills and two operating mines nearby

Pre-development near complete Fully permitted for a 100,000 bulk sample

Property as a whole is greatly

under-explored

MGR: TSX-V www.murgor.com 7

(November 11, 2010)

Golden Arrow Project – Nearby Mills


Past & Present Producers (Ontario only): Gold >1M oz Gold <1M oz Base Metals

Holt Stock

Bell Creek

Dome

Future Northgate

Kirkland Lake Gold

GOLDEN ARROW MINE Located halfway between the Timmins Gold District (67 M oz gold)

and the Kirkland Lake - Kerr Addison Gold District (37 M oz gold).

8

Golden Arrow Project – The Neighbours


BLACK FOX MINE (Brigus Gold)

RESERVES: 6,447,868 t @ 4.37 g/t Au

906,375 Gold (oz)

HISLOP MINE (St-Andrews)

INDICATED: 6,205,000 t @ 2.0 g/t Au

INFERRED: 5,338,000 t @ 1.8 g/t Au

703,000 Gold (oz)

9

Property

Boundary

Golden Arrow

Fault

GOLDEN ARROW

PROPERTY

Mafic Volcanic

Syenite

MGR: TSX-V

Golden Arrow: Property Geology and Exploration Targets

www.murgor.com

GOLDEN ARROW PROPERTY

12 Mining Patents

11 Mining Claims

Covering 1,441 hectares

Exploration Targets

Untested

10

Golden Arrow

Gold Mine

45-02: 2.19m @ 6.09 g/t Au

45-03: 5.43m @ 2.46 g/t Au

45-04: 13.44m @ 9.22 g/t Au

Gold mineralization consists of a stockwork of

quartz veinlets locally with visible gold

Broad potassic alteration halo with brick-red

hematite and 1% to 2% disseminated pyrite

Gold is well distributed throughout the mineralized

zone without high grade peaks

To date less than 0.5% of assays have returned

higher than 10 g/t gold.

Golden Arrow Mine – Deposit Geology and Mineralization

www.murgor.com MGR: TSX-V

11

Current Outline

of the Open Pit

Potential Expansion

of the Open Pit

Syenite

Syenite

Mafic

Volcanics

Mafic

Volcanics

The deposit is open at depth and to the SW

MGR: TSX-V

Golden Arrow Gold Mine: Magnetic Map & Interpretation

www.murgor.com 12

East SyeniteIntrusion Contacts

West SyeniteIntrusion Contacts

Golden Arrow Open Pit Outline Golden Arrow Fault

45-02: 2.19m @ 6.09 g/t Au

45-03: 5.43m @ 2.46 g/t Au

45-04: 13.44m @ 9.22 g/t Au

GOLDEN ARROW

PROPERTY

MAGNETIC MAP

And

GEOLOGICAL INTERPRETATION

SCALE

0 250 500meters

East Zone

West Zone

MGR: TSX-V

Golden Arrow Gold Mine: Magnetic Map & New Zones

www.murgor.com 13

45

42

46

44

1.42 g/t Au over 15.0m


0.53 g/t Au over 21.0mIncl. 1.22 g/t Au over 5.0m



Incl. 1.23 g/t Au over 30.0mand 6.14 g/t Au over 4.0m



DDH AE12-06 collared into gold mineralization in syenite

DDH AE12-07 ended in gold mineralization in volcanics

37

35

27

2320

26

25

2416

12

13 9

10

8

34

36

30

40

32

41

22

31

36

5

4

2

7

29

28

1

38

1415

18

21

1719

11

33

39

GOLDEN ARROW FAULT


1.43 g/t Au over 34.0m in NS-Trending Fault

NEW DISCOVERYWEST EXTENSION

NEW DISCOVERYARROW SOUTH TARGET

GOLDEN ARROWMAIN ZONE OUTLINE

DDHs AE12-03 and 11 define a

mineralized zone greater than100m in true width (see section).

SCALE0 250 500

metres

Offset of zone along NS-trending Dike

LEGEND

Current open pit outline

Syenite Intrusion contact

33

Trace of Drill Hole

NS-Trending Faults

Mineralized Zones

GOLDEN ARROW

PROPERTY

MAGNETIC MAP

and

GEOLOGICAL INTERPRETATION

MGR: TSX-V

Golden Arrow: West Syenite & Deposit Geology

www.murgor.com

GOLDEN ARROW DEPOSIT

Strike Length: >1 km

Average Width: 42 m

Depth: Surface to 425 m

Average Grade:

0.813 to 1.296 g/t Gold

14

0

100m W

200m W

300m W

100m E

30

0S

20

0S

40

0S

50

0S

60

0S

70

0S

0

10

0S

10

0N

90

0S

80

0S

GOLDEN ARROW

PROPERTY

Geological Map

(Murgor Drill Holes)

75

SCALE

0 150m

400m W

A11-37

A11-34

A11-35

A11-36

A11-27

A11-26

A11-23A11-20A11-21

A11-12

A11-14

A11-15

A11-13

A10

-9

A1

0-8

A11-10A11-11

A1

1-1

6 &

17

A1

1-25

A11-24

A11-41 A11-22

A12-46

A12-42

A12-43

A11-40

A11-30

A11-38

A11-28

A1

0-1

A11-29

A1

0-7

A1

0-2

A10

-5

A1

0-4

A1

0-6

A1

0-3

A12-44

A11-32A11-31

A11-39

A11-33

AE12-01

AE12-11

AE12-03

A12-45

AE12-05

AE12-02

AE12-04

A11-18 A11-19

West Zone

Golden ArrowOpen Pit Outline

- LEGEND -

Drill Hole Projection

Diabase Dyke

Syenite

Mafic Volcanic Rocks

Gold Mineralization

AE12-04

?

?

?

?

?

NS-Trending Mineralized Fault

Golden Arrow Deposit – Longitudinal Section


15

A11-31: 52.0m @ 1.47 g/t

incl: 18.0m @ 2.26 g/t

and: 8.0m @ 2.76 g/t

A11-32: 15.0m @ 2.11 g/t

incl: 6.0m @ 3.11 g/t

A11-35: 46.0m @ 1.44 g/t

incl: 6.0m @ 3.38 g/t

A11-40: 35.0m @ 2.20 g/t

incl: 6.0m @ 7.22 g/t

Deep Intercepts Include

Higher-Grade such as:

25

0S

40

0S

30

0S

35

0S

20

0S

15

0S

10

0S

50S

200m

250m

150m

100m

50m

Surface

1945 Shaft

500S

45

0S

300m

350m

400m

450m

500m

55

0S

65

0S

60

0S

000

50N

01

GOLDEN ARROWLONGITUDINAL SECTION MAIN ZONE

02 03

04

05

06

07

08 09

10

11

12

13

14

15

16

1718

19

20

21

22

23

24

25

26

27

28

30

29

31

41

4542

38

35

32

34

40

43

37

44

39

36

33

200m

250m

150m

100m

50m

300m

350m

>150>125>100>75>50>25<25

37 Pierce point of drill hole with drill hole number from the centre of the zone and projected onto the base line plane

Gold Grade (g/t)x

Thickness of Intercept

??

?

BASED ON 0.3 g/t Au CUT-OFF INTERCEPTS

?

?

?

?

?

?

GOLDEN ARROW

PROPERTY

Longitudinal Section

Looking SE


50

SCALE

0 100m

Golden Arrow – Cross Section 200S


16

Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

15

0W

30

0W

20

0W

25

0W

10

0W

50

W

BL

50

E

10

0E

15

0E

45

0W

35

0W

40

0W

35

0E

20

0E

30

0E

25

0E

GOLDEN ARROW

PROPERTY

Cross Section 200S

Looking NE


50

SCALE

0 100m

550m

A11-22A11-18

A11-23

A11-34

Current

Open Pit

A11-19

A11-40

A11-39

Mafic Volcanics

Mafic Volcanics

Syenite

A11-27Assay Bars > 0.3 g/t Au

Mineralized IntervalCut-Off = 0.3 g/t Au

Drill Hole Trace and Number

DRILL HOLE INTERCEPTS USING 0.5 g/t Au cut-off grade

A10-18: 1.43 g/t Au over 72.0m0.92 g/t Au over 7.0m

A10-19: 1.28 g/t Au over 108.0mA11-22: 1.36 g/t Au over 113.0mA11-23: 0.98 g/t Au over 91.0m

incl. 1.84 g/t Au over 35.0mA11-34: 1.37 g/t Au over 12.0m

2.87 g/t Au over 4.5m0.57 g/t Au over 51.0m

A11-39: 0.79 g/t Au over 6.0m0.52 g/t Au over 7.5m0.75 g/t Au over 28.0m

A11-40: 0.99 g/t Au over 16.5m


(Intervals listed from top to bottom of drill hole)

Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

15

0W

30

0W

20

0W

25

0W

10

0W

50

W

BL

50

E

10

0E

15

0E

45

0W

35

0W

40

0W

35

0E

20

0E

30

0E

25

0E

GOLDEN ARROW

PROPERTY

Cross Section 200S

Looking NE


50

SCALE

0 100m

550m

A11-22A11-18 A11-23

A11-34

Current

Open Pit

A11-19

A11-40

A11-39

MaficVolcanicsMafic Volcanics

Syenite

OverburdenOverburden

Syenite

GOLD MINERALIZATION LEGEND

> 0.3 g/t Au cut-off grade







17







A11-40: 0.99 g/t Au over 16.5m



Golden Arrow – Cross Section 200S with Cut-Off Contour

YOUNG DAVIDSON

Syenite-Hosted

K-Hm- Py alteration – Quartz

Stockwork

Steeply Plunging and Dipping

Structures

Width of Individual Zones 10 – 40 m

Average Grade in OP is 1.63 g/t Au

Vertical Extent of Nearly 1.5 km

Strike Extent of Greater than 1.75 km

Resource: 3.8M oz Gold

Golden Arrow Deposit vs. Young-Davidson Mine

GOLDEN ARROW

Syenite-Hosted

K-Hm-Py alteration – Quartz

Stockwork

Steeply Plunging and Dipping

Structures

Width of Zone average 42 metres

Average Grade in OP is 2.09 g/t Au

Vertical Extent: 425 m to date

Strike Extent: 1.0 km to date

Resource: Untested


18

Murgor Golden Arrow Property – Summary

Work Completed - February 2011 to March 2012:

Results / Milestones:

Next Step

Greatly expanded the gold mineralized zone to 1,050 m in length, 42 m of average width and up to 425 m in depth

Significantly enhanced the open pit bulk tonnage potential of the deposit

Two new discoveries at surface: “West Extension” (600 m west of pit) and “South Target” (1 km south of pit)

Defined numerous high potential exploration targets at the property-scale

Acquired new ground surrounding the deposit

Compilation and digitization of all existing data production of a 43-101 Technical Report

High resolution helicopter-borne magnetic survey

Ground geophysics (IP)

Mechanical trenching

57 drill holes for a total of 16,501 m

Earned a 40% interest in the property more than six months ahead of schedule


19

Complete earn-in of 55% before February 2013 through $400,000 exploration expenditures and $1M cash payment

Continue to expand the Main Mineralized Zone through drilling (particularly at the West Extension

Systematic infill and step-out drilling in preparation for resource estimate

Drill test a number of high priority exploration targets including the South Target

Investigate the economic viability of the project

Golden Arrow Deposit vs Young-Davidson Mine – TO SCALE

Longitudinal section of the Young Davidson Mine

(Source: Aurico Gold TSX: AUG, www.auricogold.com)

Longitudinal section of the Golden Arrow Mine

2 km

Syenite

TOTAL RESERVES: 3.8M oz Gold

(1.6 g/t Au Open Pit and 2.9 g/t Au Underground)


Formerly

Matachewan Cons.

20

25

0S

40

0S

30

0S

35

0S

20

0S

15

0S

10

0S

50S

200m

250m

150m

100m

50m

Surface

1945 Shaft

500S

45

0S

300m

350m

400m

450m

500m

55

0S

65

0S

60

0S

000

50N

01

GOLDEN ARROWLONGITUDINAL SECTION MAIN ZONE

02 03

04

05

06

07

08 09

10

11

12

13

14

15

16

1718

19

20

21

22

23

24

25

26

27

28

30

29

31

41

4542

38

35

32

34

40

43

37

44

39

36

33

200m

250m

150m

100m

50m

300m

350m

>150>125>100>75>50>25<25

37 Pierce point of drill hole with drill hole number from the centre of the zone and projected onto the base line plane

Gold Grade (g/t)x

Thickness of Intercept

??

?

BASED ON 0.3 g/t Au CUT-OFF INTERCEPTS

?

?

?

?

?

?

GOLDEN ARROW

PROPERTY

Longitudinal Section

Looking SE


50

SCALE

0 100m

West Zone at Surface

0.64 g/t gold over 78.0m



Murgor Deposits and Properties in the Flin Flon Belt

MGR: TSX-V 21

#

#

#

#

#

#

#

#

#

#

#

#

#

0 50 Kilometers

Snow LakeFlin Flon

N

Legend

777Trout Lake

Precambrian

Carbonate Cover

Volcanics

Road Operating Mine

Border

Chisel North

Flin FlonSnow Lake

ManitobaSaskatchewan

Wim (Cu-Au)Hudvam (Au-Cu-Zn)

Reed Lake

Sylvia

Kof

Moose Lake

189,000 ha

Flin Flon Belt Volcanics

Basement Rocks

Paleozoic Cover Sediments

50 kilometers

Lalor Lake

Tonnage

Metric Tonnes Cu % Zn% Au g/t Ag g/t Cu (lb) Zn (lb) Au (oz)

Indicated* 2,776,787 1.94 0.30 1.88 7.53 118,762,524 18,365,339 167,838

Indicated** 1,805,382 2.20 0.35 2.30 8.56 87,564,000 13,931,000 134,000

Inferred* 445,999 1.12 0.43 2.11 5.06 11,012,528 4,228,024 30,256

Metal ContentCategory

Grade

The Wim Deposit, Manitoba (Copper-Gold) 100% MURGOR OWNED

NI 43-101 COMPLIANT *(2% Cu Equiv.) **(2.5% Cu Equiv.)

16 km NE from the Snow Lake Mill

Favourable Metallurgy (92.5% rec.)

At Surface

Quick to Production

Low Capital Expenditure

Small Environmental Footprint

#

#

#

#

#

#

#

#

#

#

#

#

#

0 50 Kilometers

Snow LakeFlin Flon

N

Legend

777Trout Lake

Precambrian

Carbonate Cover

Volcanics

Road Operating Mine

Border

Chisel North

Manitoba Saskatchewan

The WIM DEPOSIT

Flin Flon Snow Lake


22

The Hudvam Deposit, Manitoba (Au-Cu-Zn) 100% MURGOR OWNED

NI 43-101 COMPLIANT *(2% Cu Equiv.) **(2.5% Cu Equiv.)

Dominantly a Gold Deposit

Favourable Metallurgy:

90% Cu recovery

67% Au recovery

47 kms NE of Flin Flon

Existing Ramp of 250 metres

Low Capital Expenditure

Small Environmental Footprint

Tonnage

Metric Tonnes Cu % Zn% Au g/t Ag g/t Cu (lb) Zn (lb) Au (oz)

Indicated* 854,076 1.22 1.78 3.82 13.84 23,007,640 33,541,359 105,000

Indicated** 680,657 1.38 1.98 4.33 15.38 20,640,000 29,654,000 95,000

Inferred 502,901 0.79 1.33 3.25 6.96 8,758,802 14,745,831 52,548

CategoryGrade Metal Content

#

#

#

#

#

#

#

#

#

#

#

#

#

0 50 Kilometers

Snow LakeFlin Flon

N

Legend

777Trout Lake

Precambrian

Carbonate Cover

Volcanics

Road Operating Mine

Border

Chisel North

Manitoba Saskatchewan

Flin Flon Snow Lake

The HUDVAM DEPOSIT


23

SUMMARY OF THE COMPANY

MURGOR has a FOCUS ON GOLD with:

MURGOR has a diversified portfolio of properties:

MURGOR is financially secure with a treasury of nearly $1.78M and no debt

MURGOR owns a significant copper-gold-zinc resource in Manitoba:


24

A near-term producer with expanding resources at Golden Arrow Gold Mine

New high potential grassroots gold exploration properties in Quebec and Ontario

Two feasibility-stage copper-gold projects in Manitoba (Wim and Hudvam)

One advanced gold project in Ontario (Golden Arrow)

A number of Grassroots Gold and Copper exploration projects in Manitoba, Quebec and Ontario

At January 31, 2012

Adjacent to existing infrastructure owned by Hudbay Minerals

In a belt where existing resources are depleting and mine closures are imminent

In a safe and mining-friendly jurisdiction

MURGOR’S STRATEGY IN TODAY’S MARKETS

WEATHERING THE ECONOMIC STORM / CASH PRESERVATION:

MURGOR INTENDS TO CONTINUE EXPLORING THE GOLDEN ARROW PROJECT:

MURGOR INTENDS TO MONETIZE ITS 100% OWNED MANITOBA ASSETS:

MURGOR WILL OPTION ITS NON-CORE EXPLORATION PROJECTS:


25

Murgor operates on a very lean administrative budget.

Should there be a need, Murgor has sufficient funds to weather a long “Economic Storm”

To increase the gold resource already defined below and on strike with the current open pit.

To earn its full interest in the project ($1.4M expenditures and cash payments before February 4th 2013)

Hudbay Minerals has a buyback option on the projects until September 12, 2012 that could

generate over $2M in revenue.

Should Hudbay not exercise its right to buy back before September 12, 2012, its interest will

be reduced to a 2% NSR and Murgor will be in a position to sell to any prospective buyer.

Leveraging the risks associated with exploration and reducing exploration expenditures

Generating some revenue

Acquiring shares in other companies in these depressed markets.

www.murgor.com

For more information contact:

MGR: TSX-V

CHF Investor Relations

Jeremy Hill

416 868 1079 ext. 238

[email protected]

MURGOR RESOURCES INC. All the right places...

Visit us at www.murgor.com 26

COMPLETE SET OF CROSS SECTIONS FROM

THE GOLDEN ARROW DEPOSIT

APPENDIX

27

Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

150W

300W

200W

250W

100W

50W

BL

50E

100E

150E

450W

350W

400W

350E

200E

300E

250E

GOLDEN ARROW

PROPERTY

Composite Cross Section

50S & 75S

Looking NE

50

SCALE

0 100m

550m

Current

Open Pit

A11-29

A11-28

A10-08

A10-07

A11-38

Mafic Volcanics

Mafic Volcanics

Syenite

Overburden

Syenite








A10-01


28

Golden Arrow – Composite Cross Section 50S-75S with Cut-Off Contour







29

Golden Arrow – Composite Cross Section 100S-125S






Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

15

0W

30

0W

20

0W

25

0W

10

0W

50

W

BL

50

E

10

0E

15

0E

45

0W

35

0W

40

0W

35

0E

20

0E

30

0E

25

0E

GOLDEN ARROW

PROPERTY


100S & 125S

Looking NE

50

SCALE

0 100m

550m

Current

Open Pit

A10-06

A11-09

A11-31

A11-30

A10-05

MaficVolcanics

Mafic Volcanics

Overburden

Syenite

Syenite





30

Golden Arrow – Composite Cross Section 100S-125S with Cut-Off Contour






Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

150W

300W

200W

250W

100W

50W

BL

50E

100E

150E

450W

350W

400W

350E

200E

300E

250E

GOLDEN ARROW

PROPERTY


100S & 125S

Looking NE

50

SCALE

0 100m

550m

Current

Open Pit

A10-06

A11-09

A11-31

A11-30

A10-05Mafic VolcanicsMafic Volcanics

Overburden

Syenite

Syenite








A11-09



31

Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

15

0W

30

0W

20

0W

25

0W

10

0W

50

W

BL

50

E

10

0E

15

0E

45

0W

35

0W

40

0W

35

0E

20

0E

30

0E

25

0E

GOLDEN ARROW

PROPERTY

Cross Section 200S

Looking NE


50

SCALE

0 100m

550m

A11-22A11-18

A11-23

A11-34

Current

Open Pit

A11-19

A11-40

A11-39

Mafic Volcanics

Mafic Volcanics

Syenite










A11-40: 0.99 g/t Au over 16.5m



Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

15

0W

30

0W

20

0W

25

0W

10

0W

50

W

BL

50

E

10

0E

15

0E

45

0W

35

0W

40

0W

35

0E

20

0E

30

0E

25

0E

GOLDEN ARROW

PROPERTY

Cross Section 200S

Looking NE


50

SCALE

0 100m

550m

A11-22A11-18 A11-23

A11-34

Current

Open Pit

A11-19

A11-40

A11-39

MaficVolcanicsMafic Volcanics

Syenite

OverburdenOverburden

Syenite









32







A11-40: 0.99 g/t Au over 16.5m





33


Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

15

0W

30

0W

20

0W

25

0W

10

0W

50

W

BL

50

E

10

0E

15

0E

45

0W

35

0W

40

0W

35

0E

20

0E

30

0E

25

0E

GOLDEN ARROW

PROPERTY

Cross Section 300S

Looking NE


50

SCALE

0 100m

A11-24

A11-32

550m




Syenite

Overburden

Syenite


A10-24: 1.10 g/t Au over 50.0mA10-32: 0.92 g/t Au over 86.0m

incl. 2.11 g/t Au over 15.0m


Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

15

0W

30

0W

20

0W

25

0W

10

0W

50

E

10

0E

15

0E

45

0W

35

0W

40

0W

35

0E

20

0E

30

0E

25

0E

GOLDEN ARROW

PROPERTY

Cross Section 300S

Looking NE


50

SCALE

0 100m

A11-24

A11-32

550m




Syenite

Overburden

Syenite





50

W

BL


34



A10-24: 1.10 g/t Au over 50.0mA10-32: 0.92 g/t Au over 86.0m

incl. 2.11 g/t Au over 15.0m


Surface

200m

250m

150m

100m

50m

300m

350m

400m

450m

500m

150W

300W

200W

250W

100W

50W

BL

50E

100E

150E

450W

350W

400W

350E

200E

300E

250E

GOLDEN ARROW

PROPERTY


50S & 75S

Looking NE

50

SCALE

0 100m

550m

Current

Open Pit

A11-29

A11-28

A10-08

A10-07

A11-38

A10-01

Mafic Volcanics

Mafic Volcanics

Syenite

Overburden




Syenite


35

Golden Arrow – Composite Cross Section 50S-75S






Golden Arrow – Cross Section 700S Exploration drill holes

36

Golden Arrow – Cross Section 800S Exploration drill holes

37

murgor presentation

Investor Relations

business of gold exploration

barry gold

nelligan project

benoit project

windfall project

cautionary statements

bylooking statements

guaranteeslooking statements