NWM Mining Corporation New Gold Producer in Northwest Mexico

Fall 2012

Forward Looking Statements

This presentation includes certain "forward-looking information" within the meaning of the Securities Act (Ontario). All statements regarding anticipated exploration costs, projected starting dates for production and forecasted revenues are forward-looking statements that involve various risks and uncertainties. There can be no assurance that actual exploration costs will be in line with forecasted budgets, that the projects will commence production as anticipated or that the projects will produce the revenue forecasted. Important factors that could cause actual results to differ materially from these forward-looking statements include: exploration results that do not meet with the expectations of management, shortage of skilled labour, shortage of appropriate equipment and other factors disclosed under the heading "Risk Factors" and elsewhere in NWM Mining documents filed from time to time with the Ontario Securities Commission and other regulatory authorities.

NWM Mining Corporation management has provided project modelling by making assumptions about mining costs to make inferences relating to geological material available for mining calculations. These project models are for informational purposes only and cannot be relied upon.

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Jurisdiction

U S A

Neighbours in the Region

La Herradura & Noche Buena Fresnillo & Newmont JV 4.1M oz Gold Reserves El Chanate Gold Mine Aurico Gold 1.3M oz Gold Reserve

San Francisco Mine Timmins Gold Corp 1.3M oz Gold Reserves

La Jojoba & Lluvia de Oro NWM Mining Corporation 385k oz Gold Reserves

Mercedes Gold Mine Yamana Gold 1.0M oz Gold Reserves

Mulatos Gold Mine Alamos Gold 2.2M oz Gold Reserves Pinos Altos Gold Mine Agnico-Eagle 3.1M oz Gold Reserves La Cienega Gold Mine Fresnillo Plc 3.1M oz Gold Reserves

La India Gold Mine Agnico-Eagle 900k oz Gold Reserves

M E X I C O

El Sauzal Gold Mine Gold Corp 260k oz Gold Reserves

Province of

Sonora

Dolores Gold Mine MineFinders Corporation 2.0M oz Gold Reserves

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Project Overview Production Summary

Projected Production Production at Lluvia commenced Q1

2012; Seeking to ramp up from approx. 20,000oz to 35-40,000 in 2013

Over past 2 quarters, NWM has

reported operating profits of $2.1M and $1.8M, respectively

Anticipating 2012 production to be

20,000ozs; with cash cost of $900/oz

Current Reserves of 385,000 ounces allot for a mine life of 5yrs

Production has thus far been from lower grade Lluvia de Oro Deposit (0.51g/t); 0.77g/t La Jojoba Deposit yet to be mined

Incremental ramp up planned from 8kT per day towards 15kT per day in 2013 3

Project Overview Upcoming Milestones

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Implement transition from current ore mining rate of approximately 8,000 tpm to 15,000 tpm by end of 2013.

Expand leaching capacity to accommodate ramp-up in production and to improve leach pad gold extraction rates (currently underway)

Complete drill program in early 2013 to expand reserves at Lluvia de Oro by targeting almost 200,000 ounces of inferred resources.

Expand regional exploration program to develop new resources including already identified targets such as Gold Ridge and Campamento

Complete comprehensive metallurgical testwork program to optimize operating conditions for further production increase through initiation of mining at Jojoba deposit (2014)

Project Overview Local Geological Model

Lluvia gold mineralisation hosted within predominantly siliciclastic rocks. Unit consists of interbedded sandstones and siltstones

Eastern edge sediments are thrust fault bounded and prepared for later high angle gold event

Southwest edge of sediments contacts felsic volcanics to volcaniclastic and tectonic breccias (Gold Ridge)

Gold-bearing fluids focussed along sub-vertical faults which may have reactivated thrust-fault structures. Gold occurs below thrust-fault underlying Lluvia (Creston) pit

Jojoba appears to be hosted in highly altered volcanic to volcaniclastic rocks in a low angle event

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Project Overview Lluvia Mineralisation

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N-S cross-section of Lluvia deposit at 496800mE, from July 8, 2010 Pre-feasibility report update and reserve analysis. The modeled block grades clearly show the dipping nature of the gold mineralization.

Project Overview Regional Geology

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Project Overview Reserve Summary1

La Jojoba Reserves

“A Mineral Reserve is the economically mineable part of a Mineral Resource” –CIM Definition Standards

Lluvia de Oro Reserves

Total NWM Reserves

Tonnes of Ore Gold Grade Ounces(millions) (g/t) (oz)

Proven 5.29 mT 0.83 g/t 142,000 oz

Probable 2.49 mT 0.64 g/t 52,000 oz

Total 7.80 mT 0.77 g/t 193,000 oz

1) Source: July 2010 NI 43-101 Pre-feasibility study 8

Tonnes of Ore Gold Grade Ounces(millions) (g/t) (oz)

Proven 7.26 mT 0.49 g/t 115,000 oz

Probable 4.50 mT 0.52 g/t 76,000 oz

Total 11.80 mT 0.50 g/t 191,000 oz

Tonnes of Ore Gold Grade Ounces(millions) (g/t) (oz)

Proven 12.56 mT 0.64 g/t 257,000 oz

Probable 2.49 mT 0.57 g/t 128,000 oz

Total 15.05 mT 0.63 g/t 385,000 oz

La Jojoba Resources Lluvia de Oro Resources

Total NWM Resources

Project Overview Resource Summary1

Resource calculations are inclusive of Reserves outlined on prior page

9 1) Source: July 2010 NI 43-101 Pre-feasibility study

Tonnes of Ore Gold Grade Ounces(millions) (g/t) (oz)

Measured 5.76 mT 0.82 g/t 152,000 ozIndicated 2.98 mT 0.62 g/t 59,000 ozTotal 8.74 mT 0.75 g/t 211,000 oz

Inferred 1.74 mT 0.53 g/t 30,000 oz

Tonnes of Ore Gold Grade Ounces(millions) (g/t) (oz)

Measured 13.84 mT 0.61 g/t 278,000 ozIndicated 9.97 mT 0.54 g/t 173,000 ozTotal 23.81 mT 0.58 g/t 451,000 ozInferred 11.97 mT 0.52 g/t 200,000 oz

Tonnes of Ore Gold Grade Ounces

(millions) (g/t) (oz)

Measured 8.08 mT 0.46 g/t 126,000 ozIndicated 6.99 mT 0.51 g/t 114,000 ozTotal 15.07 mT 0.48 g/t 240,000 ozInferred 10.23 mT 0.52 g/t 170,000 oz

Reserves Can Be Increased Significantly in Short Term

Project Overview

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Location of Inferred Ounces

Adjacent to Current Pit Limits Pit Plan View

Ultimate Pit – Proven+Probable Reserves Only

Ultimate Pit – Including Inferred Ounces

Resource Expansion Potential Longer Term Exploration Programs

NWM has consolidated all land in between and around the La Jojoba & Lluvia de Oro Deposits amounting to nearly 6,000 hectares; and is now planning to go ahead with a comprehensive exploration program

Since acquiring the projects, NWM has focused on getting into production, and minimal exploration drilling has been done to date

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A look at the key exploration targets, including Gold Ridge and Campamento; both display unique geological characteristics

Upcoming Drill Program Gold Ridge: one of NWM’s key targets

Gold Ridge is an undrilled area near Lluvia de Oro displaying a unique geological environment

It is a mass of quartz

porphyry, 1,400 meters long and exposed for 200m at surface along a ridge

NWM plans to drill 8,000m

on Gold Ridge alone

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Bird’s Eye View of Gold Ridge This image shows all the RC and core drill holes

Darker Purple and Green dots represent completed drill holes Lighter Lavender dots are the proposed holes for Gold Ridge

Project Overview Current Operations - Recoveries

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-

500

1,000

1,500

2,000

2,500

Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept

Predicted recoveryper month

Ounces to Carbonper month (fromdaily reports)

Recoveries from Lluvia Ore Tracking Well with Gold Leach Curve (ultimate 60% recovery / 18-24 months)

Project Overview Current Operations – Available Gold

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-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept

Cumulative Recoverable Gold inventory

CumulativeRecoverableGold inventory

Significant Inventory of Recoverable Gold Present in Leach Pads from Mine Ramp-up (short to medium term cash flow)

Project Overview Current Operations – Next 3 Months

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Comprehensive review recently completed to identify cash flow issues related to ramp up of production at the overall project

Decision to focus exclusively on Lluvia (Creston) area through 2013 (then phase in Jojoba). Reasons for decision: • Mineralisation is best understood metallurgically • Reduces mine contractor requirements/costs by mining in one area only • Allows for production at reduced strip ratios and gradual increase in waste

mining as cash flows improve Critical priorities identified for short term cash flow utilisation:

• Mining exclusively in low strip ratio areas of Lluvia pit (Zone 2) • Gradually increase free cyanide concentration in leach pad solutions • Double area of leach pads currently under leach due to long leach cycles

(maintain total solution flow rate but decrease solution application rate) Other short term priorities identified:

• Preparation of detailed geological model for Lluvia pit area to allow for improved mine planning and metallurgical testwork sample selection

• Metallurgical evaluation of leaching behaviour and crush size requirements for different zones of available mineralisation

Project Overview Current Operations – Following 6-8 Months

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Complete detailed ramp-up plan for Lluvia pit to increase production rate from 6-8000 tpd (ore) to 12-15,000 tpd while maintaining strip ratio at approximately 2/1 or less

Geological modelling and metallurgical testwork to be expanded to Jojoba deposit. Critical data required relating to gold recovery versus crush sizes and variations within deposit

Lluvia block model to be expanded to increase data available for mine planning: • Metallurgical data (gold recoveries, crush sizes, etc.) • Lithological zones

Design changes to increase solution pumping requirements at each leach pad. Implement recirculation systems to recycle low grade solution and increase grade of pregnant solution to ADR plant

Permitting changes to move waste dumps away from pit and over areas of site with no potential for gold resources

Finish short term capital projects • Lane 5 of Lluvia Dos leach pad (and new pond) • Completion of road from Lluvia to Jojoba and solution pipe relocation • Upgrade of inferred resources to reserves at Lluvia

Management A team of seasoned mining professionals

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Chris J. Berlet, President & CEO (BSc Mining Engineering & CFA Charterholder) Mining Engineering Graduate from Queen’s; with an Accounting & Finance diploma from the

London School of Economics Worked for Banque Paribas in their Capital Markets Group & for HSBC Securities Experience in underground gold & copper mines, as well as open pit coal & copper mines in

Canada & Australia; and finally moved onto Mexico as CEO of Columbia Metals in 2007

Chris Chadder, CFO (Chartered Accountant) Chris is a C.A. with 20+ years as a business advisor to, and senior manger of several public and

private junior resource companies Former president and CEO of Patricia mining Corp., CFO of Ursa Major Minerals and , Auriga

Gold Corp.

Darren Koningen, Technical Advisor – Project Development (Mineral Processing Engineer) P.Eng with 20+ years experience in metallurgical process design, project construction,

management and operations Recently served as Vice President – Technical Services for Gowest Gold and Virgin Metals. Notably, brought two gold mines into production (El Sastre in 2006, El Castillo 2008) as founder

and VP – Project Development/Operations/Engineering for Castle Gold (now Argonaut Gold)

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Management A team of seasoned mining professionals

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Pedro Delgado, General Manager Mexican Operations (Mining Engineer) Mining Engineer with 20+ years of diverse experience in engineering and management including

operations producing gold, coal and cement Recently responsible as Manager for the rapid expansion of operations at El Castillo gold mine in

Durango Mexico from start-up rate of 200,000 tonnes per month in 2008 to almost 2,000,000 tonnes per month by end of 2011

Federico Alvarez, Technical Advisor - Operations (Mining Engineer) Mining engineer with nearly 35 years experience within academia, government (Director, Mining

Affairs for state of Guanajuato) and the mining industry primarily in Mexico (manganese, coal and gold)

Recently VP – Operations for Argonaut Gold Inc. (and its predecessor Castle Gold) where he was responsible for ramp-up of production at El Castillo gold mine from 20,000 to +60,000 ounces per year

Miguel Cardona – Exploration Manager (Geological Engineer) 20+ years of experience in the mining industry, primarily in exploration, but also in underground

and open pit mine operations (gold skarn, gold and silver epithermal and copper-zinc-gold type deposits) – recently Exploration Manager for Castle Gold

Notable achievements include being part of the team that discovered the Filos Project (now owned by Goldcorp) and also El Limon advanced stage exploration project with Teck-Cominco

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Operations Group from Castle Gold (developed El Castillo project now at +80,000 ounces annually)

Financial & Market Overview Capital Structure

Views of the Lluvia de Oro Mine-Site 19

Shares Outstanding (millions) 511.6

Warrants (millions) 1.4 $0.20, Expiring Jan. 2013

Options (millions) 10.4 Average Price of $0.10

Share Price (TSX-V NWM) $0.06 52 Week Range: $0.05 - $0.12

Market Cap (mUS$) $30.7

Debt (mUS$) $18.5 GRF Note Payable

Enterprise Value (mUS$) $49.2 Calculated October 2012

Value Proposition Comparable Analysis

Enterprise Value to Reserves

Average: $198/oz

$86/oz

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EV R

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urc

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$/o

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Summary Presentation Recap

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Since acquiring the assets, NWM has focused on consolidating a 5,900 hectare land package, and on transitioning into production

Recently reported first 2 profitable quarters & is now seeking to:

1) Commence exploration & drill program. Targets include expanding reserves at Lluvia and also locating new resources on its largely unexplored land, particularly its key target Gold Ridge, to expand resources

2) Ramp up into full production to 15,000 tonnes per day (35-40,000 oz/yr)

Opportunity to participate in a company which has only recently turned the corner from

a developer into a producer, and do so at its historically low share price

Upon paying off its debt and ramping to nearly 40,000 ounces per year, NWM has the potential to produce over $60M a year in revenue, with Free Cash Flow of $20M /yr

Profitable Company with

Producing Asset

Ramping into Full-Scale

Production

Exploration Potential on

Under-Explored Land

Trading at Historically Low Prices

Web: www.nwmcorp.ca Phone: (416) 364-6799

Email: info@nwmcorp.ca

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Contact Information

Looking at 1,330,000 tonnes of ore under leach at Lluvia de Oro

Toronto Head Office

402 – 121 Richmond St. West Toronto, Ontario

M5H 2K1