Q4 2014 Financial Results – February 20, 2015 TSX; NYSE: AUQ

www.auricogold.com

Built for SUCCESS

All amounts are in US dollars unless otherwise indicated

Forward Looking Statements Cautionary Statement

This presentation contains certain information that constitutes “forward-looking information” and “forward-looking statements” as defined under Canadian and U.S. securities laws. All statements in this press release, other than statements of historical fact, are forward-looking statements. The words “expect”, “believe”, “anticipate”, “contemplate”, “may”, “could”, “will”, “intend”, “estimate”, “forecast”, “target”, “budget”, “schedule” and similar expressions identify forward-looking statements. Forward-looking statements in this presentation include, without limitation, statements with respect to our expectations on underground productivity levels, underground unit mining cost, underground development, mill facility processing rate, cash flow, free cash flow, cash costs, capital investment and timing to completion on the final leg of the Northgate production shaft, information as to our strategy, plans and future financial and operating performance, such as our expansion plans, project timelines, production plans, projected cash flows or capital expenditure levels, cost estimates, mining or milling methods, projected exploration results, resource and reserve estimates, other statements that express our expectations or estimates of future performance, the success of exploration activities, the Company’s ability to delineate additional resources and reserves as a result of such programs, statements regarding the advancement of the Lynn Lake district, the completion of a feasibility study on the Lynn Lake Project within the indicated timeframe, mineral reserves and mineral resources and anticipated grades, exploration expenditures, costs and timing of any future development, costs and timing of future exploration and the Company’s intentions regarding its investment in Carlisle, the presence of and continuity of metals at Kemess East at modeled grades. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management at the time of making such statements, 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 and assumptions underlying the forward-looking statements in this press release include, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold; changes in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; any decision to declare a quarterly dividend; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated with mining inputs and labor; development delays at the Young-Davidson mine; operating or technical difficulties in connection with mining or development activities; inherent risks associated with mining and mineral processing; the risk that the Young-Davidson and El Chanate mines may not perform as planned; uncertainty with the Company’s ability to secure capital to execute its business plans; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities for the Kemess Underground project; contests over title to properties; changes in national and local government legislation in Canada, Mexico and other jurisdictions in which the Company does or may carry on business in the future; risk of loss due to sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; business opportunities that may be pursued by the Company, as well as those factors discussed under “Risk Factors” in the Company’s most recent Annual Information Form. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this presentation. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, the assumptions set forth in our most recent Form 40-F/Annual Information Form. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements. There can be no assurance that forward-looking statements or information will prove to be accurate, accordingly, investors should not place undue reliance on the forward-looking statements or information contained herein. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources

This presentation uses the terms "measured", "indicated" and "inferred” resources. We advise investors that while those terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

2

Scott Perry, CEO

Corporate Highlights

STRONG SAFETY PERFORMANCE › Young-Davidson: 21 months of incident free operations

ELEVENTH CONSECUTIVE QUARTER OF PRODUCTION GROWTH AT YOUNG-DAVIDSON › Young-Davidson achieves high end of production guidance and in-line underground cash costs

YOUNG-DAVIDSON TRANSITIONS TO FREE CASH FLOW STATUS › Reports $9 million of net free cash flow in Q4

YOUNG-DAVIDSON UNDERGROUND RAMP-UP ON TRACK › Well positioned to achieve 2015 guidance levels

KEMESS EAST: INITITAL RESOURCE OF 5.5 MILLION GOLD EQ. OUNCES › Kemess Property resource has doubled to 10.6 million gold eq. ounces

STRATEGIC 25% JOINT VENTURE AGREEMENT ON THE LYNN LAKE GOLD CAMP › 60% interest by funding up to C$20 million over 3 years and delivering a feasibility study

RESTRUCTURED ROYALTY AGREEMENT COMPLETED › Upfront payment of C$20M and ongoing royalty stream with Crocodile Gold

AuRico Delivers Another Year of Consolidated Production that Achieves Guidance

4

Transitioned to Positive Net Free Cash Flow in Q4-2014

Young-Davidson Production Growth

Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 2014 Gold ounces produced 28,281 29,252 30,099 33,106 35,104 40,166 40,538 40,945 156,753

Underground cash costs per oz. - - - $663 $808 $803 $656 $656 $719 Open pit cash costs per oz. $694 $716 $666 $983 $1,350 $974 $923 $994 $1,071

Total cash costs per oz. $694 $716 $666 $850 $1,009 $871 $723 $719 $825 Underground mine

Tonnes mined per day 1,130 1,611 1,417 2,590 2,611 3,595 3,752 4,140 3,530 Grades (g/t) 2.7 2.5 2.8 3.1 2.8 3.3 3.1 3.0 3.1 Development metres 1,941 2,445 2,620 2,986 3,772 3,545 3,269 3,438 14,024

Mill processing facility Tonnes processed per day 6,466 7,017 6,747 6,969 7,163 8,230 7,670 7,757 7,707 Grades (incl. open pit stockpile) 1.8 1.7 1.7 2.0 1.8 2.2 1.9 2.0 2.0 Recoveries (%) 86% 85% 89% 88% 87% 88% 90% 88% 88%

Young-Davidson Quarterly Operational Results

11,950 17,825

26,363 28,281 29,252 30,099 33,106 35,104

40,166 40,538 40,945

Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14

Gol

d O

unce

s P

rodu

ced(5

)

Young-Davidson: Growing Production

5

El Chanate: Consistent Production

OPEN PIT PRODUCTIVITY › Q4 Average of 89,602 tonnes per day

RELIABLE AND CONSISTENT OPERATIONAL PERFORMANCE › Production of 67,279 ounces at $669 per gold ounce

REDUCED STRIPPING REQUIREMENTS › Capital investment decrease of up to 30% in 2015

EXPLORATION POTENTIAL › Drilling on the expanded land package along the El Chanate trend in 2015

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

2011 2012 2013 2014 2015E

Gol

d pr

oduc

tion

ounc

es

Consistent Gold Production

6

2014 Reserves and Resources

P&P 6,524

P&P 6,275

M&I 2,484

M&I 4,083

Inferred 472

Inferred 2,404

72

321

1,599

1,932

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

EOY 2013 P&P Increase M&I Increase Inf. Increase Production Depletion EOY 2014

Gol

d O

unce

s (0

00’s

)

AuRico Gold Mineral Inventory

Initial Kemess East Resource and Lynn Lake JV Increased 2014 Mineral Inventory by 35%

7

Guiding for Another Record Year

0

25

50

75

100

125

150

175

200

225

250

275

2013 2014 2015E

Pro

duct

ion

Oz.

(000

’s)

Growing Production

$0

$50

$100

$150

$200

$250

2013 2014 2015E

US

$ (0

00’s

)

Declining Capital Investment

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

2013 2014 2015E

US

$ pe

r oun

ce

All-in Sustaining Costs

2015 Company-Wide Operational Guidance Highlights

GROWING PRODUCTION; DECLINING COSTS AND CAPITAL INVESTMENT › Production growth: up to 14%; Cash costs decline: up to 13%; Capital investment decline: up to 36%

YOUNG-DAVIDSON: GROWING PRODUCTION; DECLINING COSTS AND CAPITAL INVESTMENT › Production growth: up to 15%; U/G cash cost decrease: up to 17%; Capital investment decrease: up to 37% › Underpins growing net free cash flow stream

8

Robert Chausse, CFO

Quarter Ended Quarter Ended (in thousands, except ounces, per share amounts, and average realized price) December 31, 2014 December 31, 2013

Revenue from mining operations $71,194 $50,782

Total gold ounces sold (excluding pre-production ounces)(3) 58,649 39,855

Total gold ounces produced (excluding pre-production ounces)(3)

56,583 46,017

Adjusted operating cash flow(1) $18,367 $17,508

Adjusted operating cash flow per share, basic(1) $0.07 $0.07

Net loss ($108,259) ($106,412)

Net loss per share, basic ($0.43) ($0.43)

Adjusted net loss(2) ($9,492) ($5,484)

Adjusted net loss per share, basic(2) ($0.04) ($0.02)

Average realized gold price per ounce $1,202 $1,257

1. See the table on slide 20 for a reconciliation of adjusted operating cash flow and refer to the discussion of Non-GAAP measures in the Company’s Q4 2014 Financial Results Press Release.

2. See the table on slide 11 for a reconciliation of adjusted net earnings and refer to the discussion of Non-GAAP measures in the Company’s Q4 2014 Financial Results Press Release. 3. The Young-Davidson underground mine declared commercial production on October 31, 2013.

Financial Highlights

10

Adjusted Net Earnings Reconciliation

11

December 31, 2014

December 31, 2013

December 31, 2014

December 31, 2013

Net loss per financial statements ($108,259) ($106,412) ($169,648) ($176,770)Adjustments:

Deferred income tax expense related to foreign exchange 14,128 12,826 16,913 9,783 Foreign exchange loss 2,017 3,223 5,238 4,289 Net realizable value adjustments on inventory 16,437 37,196 23,534 42,069 Impairment charges 91,006 59,886 91,622 158,574 Unrealized and realized loss on investments - - (6,589) - Loss on retained interest royalty 3,033 - 10,825 - Loss on convertible notes tender offer - - 15,645 - Loss on corporate restructuring - - 2,716 - Gain on transfer of litigation claim - - (3,177) - Other (including tax effect of adjustments) (27,854) (12,203) (25,047) (24,893)

Adjusted net (loss) / earnings ($9,492) ($5,484) ($37,968) $13,052Adjusted net (loss) / earnings, per share ($0.04) ($0.02) ($0.15) $0.05

(in thousands, except per share metrics)

Quarter Ended Year Ended

Operational Highlights

(in thousands, except ounces, average realized prices and total cash costs)

Young-Davidson El Chanate Q4 2014 Q4 2013

Gold ounces produced 40,945 15,638 56,583 46,017

Pre-production gold ounces produced(3) - - - 3,509

Total gold ounces produced 40,945 15,638 56,583 49,526

Gold ounces sold 42,143 16,506 58,649 39,855

Pre-production gold ounces sold(3) - - - 3,416

Total gold ounces sold 42,143 16,506 58,649 43,271

Cash costs per ounce, before NRV(1),(2),(3) $719 $816 $746 $771

Revenue from mining operations $51,057 $20,137 $71,194 $50,782

1. Cash costs for the El Chanate mine and Young-Davidson mine are calculated on a per gold ounce basis, using by-product revenues as a cost credit. 2. For the three months and year ended December 31, 2014, cash costs per gold ounce are calculated using gold ounces sold at the El Chanate mine and Young-Davidson mine. For

the three months and year ended December 31, 2013, cash costs per gold ounce are calculated using gold ounces sold at the El Chanate mine and ounces produced at the Young-Davidson mine.

3. The Young-Davidson underground mine declared commercial production on October 31, 2013. Pre-production ounces produced and sold are excluded from the calculation of cash costs as they are credited against capitalized project costs.

12

Scott Perry, CEO

North American Portfolio of Quality Assets

Producing Assets in Top Mining Jurisdictions

Feasibility: Kemess Provides Significant Option Value

Pre-Feasibility: Lynn Lake JV (25%) - a Strategic Low-Risk Opportunity

Low cost assets with an organic growth profile and free cash flow stream

Young-Davidson: One of Canada’s largest underground gold mines

El Chanate: Consistent, low cost open pit mine in Mexico

Kemess: Advanced development project in B.C.

Kemess Reserve and Resource Inventory: 10.6M Aue oz.

Permitting: Kemess Underground in Phase 2 of 3 Phases

Advanced high-grade open pit gold mine in Manitoba

60% ownership by delivering a Feasibility Study

Commenced Feasibility Study

14

Appendix

2015 Operational Estimates

Gold Production (ounces) Low High

Young-Davidson 160,000 180,000

El Chanate 65,000 75,000

Total Production 225,000 255,000

Cash Costs per Ounce Young-Davidson

Underground Mine $600 $700

Historical Open Pit Stockpile Inventory (see note below) $1,100 $1,200

Young-Davidson Total $675 $775

El Chanate $675 $775

Total Cash Costs per Ounce $675 $775

Note: For cash flow purposes, cost to process historical open pit stockpile inventory is approx. $800 per ounce

All-in Sustaining Costs per Ounce Young-Davidson $950 $1,050

El Chanate $950 $1,050

Total All-in Sustaining Costs per Ounce2,3 $1,000 $1,100

Capital Investment Program ($000s) Young-Davidson

Growth Capital $40,000 $45,000

Sustaining Capital $45,000 $50,000

Total Capital Investment – Young-Davidson $85,000 $95,000

El Chanate Sustaining Capital $17,500 $20,000

Total Capital Investment – El Chanate $17,500 $20,000

Total Capital Investment $102,500 $115,000

Exploration Drilling Programs ($000s) Kemess Development Project $5,000 $10,000

Lynn Lake Development Project $5,000 $10,000

Mexico Properties $2,000 $3,000

General and Administrative ($000s)4 Corporate G&A $15,000

Crocodile Gold Royalty Asset Upfront Cash Receipt (January 2015) $17,000

Annual NSR Revenue Estimates (Payable in Quarterly Instalments) $2,500

16

Year Ended Year Ended (in thousands, except ounces, per share amounts, and average realized price) December 31, 2014 December 31, 2013

Revenue from mining operations $291,182 $227,631

Total gold ounces sold (excluding pre-production ounces)(3) 227,966 160,913

Total gold ounces produced (excluding pre-production ounces)(3)

224,032 161,100

Adjusted operating cash flow(1) $64,709 $78,079

Adjusted operating cash flow per share, basic(1) $0.26 $0.31

Net loss ($169,648) ($176,770)

Net loss per share, basic ($0.68) ($0.71)

Adjusted net (loss) / earnings(2) ($37,968) $13,052

Adjusted net (loss) / earnings per share, basic(2) ($0.15) $0.05

Average realized gold price per ounce $1,265 $1,395

1. See the table on slide 20 for a reconciliation of adjusted operating cash flow and refer to the discussion of Non-GAAP measures in the Company’s Q4 2014 Financial Results Press Release.

2. See the table on slide 11 for a reconciliation of adjusted net earnings and refer to the discussion of Non-GAAP measures in the Company’s Q4 2014 Financial Results Press Release. 3. The Young-Davidson underground mine declared commercial production on October 31, 2013.

Financial Highlights

17

Operational Highlights

(in thousands, except ounces, average realized prices and total cash costs)

Young-Davidson El Chanate 2014 2013

Gold ounces produced 156,753 67,279 224,032 161,100

Pre-production gold ounces produced(3) - - - 31,502

Total gold ounces produced 156,753 67,279 224,032 192,602

Gold ounces sold 161,591 66,375 227,966 160,913

Pre-production gold ounces sold(3) - - - 31,839

Total gold ounces sold 161,591 66,375 227,966 192,752

Cash costs per ounce, before NRV(1),(2),(3) $825 $669 $779 $676

Revenue from mining operations $204,923 $86,259 $291,182 $227,631

1. Cash costs for the El Chanate mine and Young-Davidson mine are calculated on a per gold ounce basis, using by-product revenues as a cost credit. 2. For the three months and year ended December 31, 2014, cash costs per gold ounce are calculated using gold ounces sold at the El Chanate mine and Young-Davidson mine. For

the three months and year ended December 31, 2013, cash costs per gold ounce are calculated using gold ounces sold at the El Chanate mine and ounces produced at the Young-Davidson mine.

3. The Young-Davidson underground mine declared commercial production on October 31, 2013. Pre-production ounces produced and sold are excluded from the calculation of cash costs as they are credited against capitalized project costs.

18

Capital Expenditures

(in thousands) Young-

Davidson El Chanate Corporate and Other Q4 2014 Q4 2013 2014 2013

Site infrastructure $9,609 $402 $84 $10,095 $22,134 $59,370 $123,194

Underground development

$13,304 - - $13,304 $31,937 $78,559 $102,056

Capital stripping $ - $7,601 - $7,601 $6,580 $23,505 $46,655

Pre-production revenue credits

$ - - - $ - $(4,539) $ - $(45,464)

$22,913 $8,003 $84 $31,000 $56,112 $161,434 $226,441

Capitalized borrowing costs

$ - $ - $ - $ - $867 $2,964 $5,422

Exploration $ - $686 $9,738 $10,424 $6,593 $24,431 $17,559

Total capital expenditures

$22,913 $8,689 $9,822 $41,424 $63,572 $188,829 $249,422

19

Adjusted Operating Cash Flow

December 31, 2014

December 31, 2013

December 31, 2014

December 31, 2013

Operating cash flow per financial statements $28,486 $11,954 $60,414 $63,266Add back: Non-cash change in operating working capital (10,119) 5,554 4,295 14,813

Operating cash flow (before changes in working capital) 18,367$ $17,508 $64,709 $78,079Operating cash flow (before changes in working capital), per share 0.07$ $0.07 $0.26 $0.31

(in thousands, except per share metrics)

Quarter Ended Year Ended

20