april 2012

Gold/Silver Exploration in Prolific Mining States of

Durango-Zacatecas, Mexico

April 2012

Forward Looking Statements

This presentation contains forward-looking statements and factual information that are current as of the date the presentation was originally delivered. Mexigold Corp. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data.

Forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of properties; future prices of mineral resources; accidents, labor disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals of financing.

DISCLOSURE

DIRECTORS AND MANAGEMENT

Mr. Praveen Varshney, C.A. CEO & Chairman

Principal and Director of Varshney Capital Corp.; director or officer of several public companies including Bayswater Uranium Corporation (TSX.V: BYU) and Canada Zinc Metals Corp. (TSX.V: CZX).

Mr. Peeyush Varshney, LL.B. Director

Principal and Director of Varshney Capital Corp.; director or officer of several public companies including Mountain Province Diamonds Inc. (TSX: MPV) and Canada Zinc Metals Corp. (TSX.V: CZX).

Mr. Mervyn PintoDirector

President and CEO of Minaean International Corp. (TSX.V: MIB); director of several public companies.

Mr. Marco Strub Director

Partner of Exulta AG, a portfolio management company, from 1997 to 2003 and is currently a Principal of Sircon AG, a consulting and investment research company based in Zurich, Switzerland; director of various private companies; director of Canada Zinc Metals Corp. (TSX.V: CZX).

Mr. Ken MacDonald, P.GeoQualified Person & Advisor

Has over 25 years experience in the minerals sector including consulting exploration geologist, UG mine geologist, senior project manager for a Canadian engineering company and senior permitting official with the BC Government Mines Branch. Currently VP Exploration at Canada Zinc Metals Corp. (TSX.V: CZX).

Listed on:TSX Venture Exchange MAUFrankfurt Exchange OU7OTCBB MXGRF

Working capital: $400,000

Issued and outstanding: 30,460,319Options ($0.32 to $0.48) 2,462,500Warrants ($0.50) 12,115,236

52 week low/high range: $0.08/$0.59

CORPORATE SUMMARY

PROPERTY & INVESTMENT HIGHLIGHTS

• Mexigold can acquire a 75-per-cent interest in the Durango properties (Catrina, Pedernal & Escondida) by issuing Riverside Resources Inc. (TSX.V: RRI) total of 2.6 million Mexigold shares, making total cash payments of $500,000 & incurring $4-million in exploration expenditures on the Durango properties within 36 months of the agreement

• Included in the exploration expenditure requirements is commitment to drill minimum of 3,000 metres on the Durango properties within 12 months from the date of the agreement

• Riverside shareholders include Cliffs Natural Resources (7.5%), Kinross Gold (4%), Lundin Family (3%), Rick Rule Family Trust (6.5%) & Sprott Asset Management

• Mexico is one of the world’s largest metal producers with world class silver-gold mining districts and is considered a stable jurisdiction with favorable tax structures & mining regulations

• Properties developed by Riverside through an exploration alliance with Kinross Gold; over $2 Million spent over 2.5 years & were top properties out of 220 generative areas evaluated

• Kinross Gold completed its acquisition of Red Back Mining valued at US$7.1 billion in September 2010 and dropped its interest post-acquisition; which presented opportunity for Mexigold to acquire these properties

• Riverside has completed targeted geological mapping, soil geochemistry, IP and magnetometer surveys and shallow excavator and bulldozer trenching programs on select high priority targets on Catrina & Pedernal

• Each of the properties have targets showing potential for open pit and shallow underground exploration & each property to be drilled within the first year in a 6,500 m+ drill program

• Winter drilling programs at Catrina and Pedernal have been completed; additional 2012 work program to be announced

• Analyst coverage from local independent Mining Analyst Thomas Schuster

• Research analyst coverage from Bob Moriarty of 321Gold.com

PropertiesCatrina

PedernalEscondida

THREE PROPERTY PORTFOLIO

• Three strategic gold/silver properties located in the rich producing Mesa Central region of Mexico

• Focused groundwork conducted by Riverside geologists identified multiple drill ready targets

• IP survey & surface drilling designed to test first-pass targets has been conducted on Catrina & Pedernal with encouragement for deeper metallic mineralization

• Escondida work program for 2012 to be announced

THREE DRILL READY GOLD PROPERTIES

Durango Properties

Property Details• Over 14,000 hectares in central Mesa region,

located in the northern part of Durango state about 55 km west of the town of Mapimí

• Located within NE trending structural corridor hosting former mines of Kilometre 66 & Descubridora to the east & the Peñoles mine to the west; other high potential projects in the area

• Six principal target zones identified by Riverside through detailed soil & rock geochemistry & IP

• IP survey showed potential metallic mineralization of substantial width at shallow depth

• Extensive shallow trenching & sampling completed on three high priority target areas

• First phase 1,615m diamond drill program, consisting of 6 holes, completed on La Dura and Catrina zones in January 2012

CATRINA GOLD PROJECT


Regional Geological Setting

Neighboring Mines and Explorers

Camino Rojo

Camino Rojo is situated about 50 kilometers southeast of Goldcorp's Peñasquito mine. Camino Rojo's 3,389-square-kilometer land package includes the Represa Deposit, which has reported measured and indicated resources of more than 3.4 million gold ounces and more than 60.7 million silver ounces.

The Platosa mine

The Platosa mine is a high-grade silver, lead and zinc deposit in Mexico located 5km north-west of the town of Bermejillo in the state of Durango. Platosa is a 24,065ha property owned by Excellon Resources. It has been in production since 2005. The mine contains 0.57 mt of indicated resources graded at 909g/t silver, 9.09% lead and 10.51% zinc. Inferred resources at the mine have been estimated to be 0.16mt grading at 731g/t silver and 7.44% lead and 7.57% zinc.

Ojuela Mine

The historic Ojuela Mine was discovered in 1598 by Spanish prospectors. The village of Mapimi is located at the base of the mountain. Ojuela Mine produced five to six million tonnes of ore grading in excess of 3.5 grams per tonne Au, 475 grams per tonne Ag, 15% Pb, 10% Zn and 0.2% Cu. The mine is also known for its fabulous and rare mineral specimens which have attracted mineral collectors from all over the world. Recent years have seen a great reduction in the once enormous production of mineral specimens. After the Penoles mining company closed down operations, the mine was leased to a local miners cooperative.


Catrina Aster Analysis

Aster Interp Target Area



Multi-element anomalous soil geochemistry

defines Au-rich target zones

High priority trench and drill

target area

High-Power Time-Domain Induced Polarization

• IP survey identified eight individual responses that appear to form a pair of arc shaped trends close to or within the high resistivity zone

• Significant chargeability responses appear at fairly shallow depth

• Demonstrate high potential for metallic mineralization over a substantial width (about 200 meters wide)

• Similar size and chargeability results as Canplats Camino Rojodiscovery


A A’


High Priority Drill Ready Targets

• Abundant indications of mineralization & surrounded by mining and mineral properties in Durango’s extremely well endowed silver-gold belt

• Most surface alteration is oxidation similar to that found around the Camino Rojo district

• Au defined by strong As, Pb, Sb, and Hg trace elements

• Potential to host large, bulk-tonnage, disseminated gold deposit similar to Camino Rojo

Brecciated quartzite withhematite / goethite matrix


Silica-alunite alteration in shallow trench at Catrina zone


Phase One 1,615m drill program completed

Drill core at Mapimi core logging facility


• Au-Ag & base metal mineralization in close association with andesite & granodiorite dykes intruding CaracolFormation (same host as Camino Rojo)

• Six target areas identified from coincident anomalous soil geochemistry, IP-Resistivity & ground mag. Surveys

• The Catrina-La Dura target is a 1,400m x 500m zone characterized by silica-alunite alteration closely associated with NW trending andesitic & granodiorite

• Catrina-La Dura shows anomalous Au values in soils with anomalous As-Sb-Pb

• 904 samples collected from 2,300m of trenching over Catrina & La Dura targets; additional soil sampling further refined targets

• Drill program targeted Catrina-La Dura zone with 1,615m 6-hole program completed in 2012

• No significant gold or silver values intersected but important indicator elements such as As & Hg indicate drilling did encounter the upper levels of epithermal system over drilled lengths between 20 & 96 metres; often associated with intense hematite-healed brecciazones; mineralization appears to be strengthening with depth at the Catrina-La Dura target

Property Details• Over 24,000 hectares in central Mesa region; 60 km north of the

town of Rodeo with highway access

• Four principal target zones identified by first phase exploration

• Up to 3.5 km of strike length in individual quartz veins

• Up to 12 km of total vein strike lengths

• Up to 6 m of true thickness of individual veins at surface with contiguous zones showing up to 30 m in thickness in vein clusters

• Extensive network of silica veining associated with breccia zones indicates potential for epithermal/porphyry style mineralization

• Recent diamond drilling intersected the upper part of a gold-bearing epithermal vein system

• 1,549m in 7 holes tested three veins of the more than eight vein zones so far identified on the property

• Drill holes were targeted to test favorable surface rock-chip & trench gold assays on three outcropping mineralized quartz vein zones, the Tablones (four holes), Milpa (two holes), & the Ranchito (one hole) vein systems

• Drilling has demonstrated favorable indications for both vein and potentially larger bulk tonnage mineralization styles

Silica VeinsSilica Veins

PEDERNAL GOLD PROJECT

Neighboring Mines and ExplorersLas Minitas

Southern Silver Exploration Corp. ( TSXV:SSV) The Cerro Las MinitasProperty, comprising 17 concessions and totaling 10,980 hectares, lies within heart of the Faja de Plata (Belt of Silver) of north central Mexico. The belt is one of the most significant silver producing regions in the world, with current reserves/resources and historic production in excess of 3 billion ounces of silver. Little modern exploration has been conducted at the Cerro Las Minitas project with significant exploration potential for Skarn and Carbonate Replacement (CRD) deposits, as well as for silver-rich veins over the largely gravel covered 25km strike length ofthe property. The geology of the property is similar to that of major Mexican Carbonate Replacement Deposits (CRDs) such as Santa Eulalia(45Mt of 310g/t Ag, 7.1% Zn and 8.2% Pb) and Skarn deposits such as San Martin (60Mt of 118g/t Ag, 0.9% Cu and 3.9% Zn) and represents an exciting new exploration opportunity in one of the world’s most prolific mineral districts.

Pitarrilla

Silver Standard Resources Inc. (TSX: SSO)(NASDAQ: SSRI) recently announced that project resources have again increased at its wholly-owned Pitarrilla silver project located in the state of Durango, Mexico. The increased resource is now comprised of measured and indicated silver resources totaling 383.1 million ounces, an increase of 32.7 million ounces, and inferred silver resources of 193.2 million ounces. All of the silver resource increase is in the Breccia Ridge Zone where infill drilling has been the priority.


Upper System Fresnillo Style Potential Mineralization

P’

P

P’P


Multi-phase veining within Papalote structure

• Silica exhibits epithermal vein textures indicative of boiling & fluid flow

• Epithermal style zones of brecciation, silicification, overlapping composite & extensional veining

• Textural indications are significant mineralized system could be present at depth in order of 200m

• Surface trenching returned assays up to 1.4 g/t Au

• Winter drill program of 1,550m, consisting of 7 holes, complete



766 meters of trenching

on TablonesVein

600 metres of strike length at

~ 100 m spacing

Sample assays up to 1.4 g/t Au

Tablones Vein

3.4 metres @ 0.65 g/t Au (including 1.7m of 1.2 g/t Au)

15.9 metres @ 0.18 g/t Au (including 3.1m of 0.53 g/t Au)

Multi-phase veining within Milpa structure

• Clear from geometry, textures, fluid-inclusion temperatures, & geochemistry of the veins sampled at Pedernal that the drill holes intersected upper levels of a low-sulfidation epithermal system

• Drilling demonstrated down-dip continuity of 300 m from surface in the Tablones zone (holes PD-12-01, 3, 4) and along-strike continuity at depth of 250 m in the Milpazone (holes PD-12-06, 7)

• Best assay results are from the Ranchito & Milpa zones, including up to 0.38 g/t w/ anomalous pathfinder elements such as Ag, As, Hg, Sb, Mo and Zn


Property Details

• Over 37,000 hectares in central Mesa region

• Surrounded by mining & mineral properties in northern Zacatecas

• Situated within a long NW trending structural corridor hosting mines such as Castillo, San Sebastian and Miguel Auza

• Immediately north of Silver Standard’s Valencianadistrict and south of Penole’s San Jose de Reyes

• Close association with silica/alunite alteration, FeOxalteration/mineralization, along abundant fracture sets

• IP survey conducted showing good chargeability response in conjunction with anomalous float sampling values

• Data under review with preliminary exploration program planned for late Summer 2012

ESCONDIDA GOLD PROJECT

Neighboring Mines and Explorers

Miguel Auza

Excellon Resources Inc. Miguel Auza property encompasses 41,498 ha (102,540 acres) and lies on the eastern flank of the Fresnillo Mexican Silver Trend some 150-200 km north of Fresnillo and Zacatecas City, both of which areas have and continue to be the source of a large percentage of Mexican silver, lead and zinc production. The property coversnumerous high- and low-sulphide epithermal veins carrying Ag, (Au), Pb, and Zn. The property has been the site of a large amount of historic mining since the time of the Spaniards and as recently as 2008 when SEG (through its Mexican subsidiary) carried out mining and milling on the Calvario Vein system.

Valenciana

The mines that made Guanajuato rich are located both inside and just outside of the city proper. A number of these mines gave rise to small communities with their own churches and today, these still exist with other institutions such as museums. La Valenciana mine, located on the northern edge of the city. The mine began operation in 1774. From then until the early 19th century it was one of the most productive silver mines in the world, accounting for 2/3 of the world’s production at its peak. It produced 80% of all silver mined in the state of Guanajuato, and one-sixth of all Mexico. For over 250 years, it produced about 30% of the world’s silver. The mine continues operation today. Production is muchdiminished, but one ton of rock is still extracted every six minutes. The largest shaft descends for 450 meters and about 10,000 miners have worked it over its history.


Drill Target Proposal• Large target zone 2.1 km by 1.3 km has

been identified

• Open to both East and West

• IP survey identified nine responses that compose the bulk of the drill target

• A 10 hole, 2,500m drilling program proposed to test the geology, geochemistry, and geophysics targets


• Nine individual responses that are now a drill target and define two individual mineralized units

• East-west striking trends that follow the structural controls of the property

• IP anomaly corresponds with magnetic highs and encouraging geochemistry results

• Shallow cover target awaiting drill testing

High-Power Time-Domain Induced Polarization

TargetTarget


Small old working on argillic-altered porphyritic dacite


Please contact us at:

Suite 2050 – 1055 West Georgia StPO Box 11121, Royal CentreVancouver, British ColumbiaCanada V6E 3P3

T: 1.604.684.2181TF: 1.855.684.2181E: [email protected]: www.mexigoldcorp.com

april 2012

Business

properties riverside

exploration expenditures

durango properties catrina

director of varshney

goldsilver exploration

exploration alliance

vp exploration

forwardlooking statements