cibolan gold corporation 2015

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www.Nevada-Goldmine.com

DEVELOPING A MILLION OUNCE GOLD RESOURCE IN NEVADA

2015 Resource Expansion Plan

February-March 2015

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This presentation contains “forward-looking statements” within

the meaning of applicable Canadian securities regulations and

Section 21E of the United States Securities Exchange Act of

1934, as amended and the Private Securities Litigation Reform

Act of 1995. All statements other than statements of historical

fact herein including, without limitation, statements regarding

potential resources and reserves, exploration results, production

rates and future plans and objectives, are forward-looking

statements that involve various risks and uncertainties. Such

forward-looking statements include, without limitation, (i)

estimates and projections of future gold production and cash

operating costs, (ii) estimates of savings or cost reductions, (iii)

estimates related to financial performance, including cash flow

and capital expenditures, (iv) estimates and projections of

reserves and resources, (v)estimates and opinions regarding

geologic and mineralization interpretation and (vi) estimates of

exploration investment and scope of exploration programs.

There can be no assurance that such statements will prove to

be accurate, and actual results and future events could differ

materially from those anticipated in such statements, in

particular the estimates do not include input cost increases or

gold price variations that could occur in future. Important factors

that could cause actual results to differ materially from the

companies’ expectations are disclosed in documents filed from

time to time with the U.S. Securities and Exchange Commission

(SEC). Forward-looking statements are based on the estimates

and opinions of management on the date the statements are

made, and the companies do not undertake any obligation to

update forward-looking statements should conditions or

management’s estimates or opinions change. Forward-looking

statements are subject to risks, uncertainties and other factors,

including gold and other commodity price volatility, political and

operational risks, which are described in the companies’ 10K

Form on file with the SEC (www.sec.gov) as well as the

companies' other regulatory filings.

Cautionary Note to U.S. Investors ‐ The U.S. Securities and

Exchange Commission permits U. S. mining companies , in their

filings with the SEC, to disclose only those mineral deposits that

a company can economically and legally extract or produce. We

use certain terms in this presentation, such as “measured”,

“indicated”, and “inferred” “resources”, which the SEC guidelines

strictly prohibit U.S. registered companies from including in their

filings with the SEC. U.S. investors are urged to consider closely

the disclosure in our form 10‐K which may be secured from us

or our website at http://www.sec.gov/edgar.html

James Ashton, P.E., and a Qualified Person as defined by NI

43-101, has reviewed and verified the technical information

contained in this article as applicable.

CURRENCY: All monetary amounts refer to United States

dollars unless otherwise specified.

CAUTIONARY STATEMENT

www.Nevada-Goldmine.com February-March 2015

http://www.sec.gov/edgar.html

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• Precious metals oriented junior

exploration & production company

• Technically strong management team

• Flagship Property: Independence

Mine Project

• 1 million ounce gold & 4 million

ounce silver resource (measured,

indicated & inferred)

• Completed NI 43-101 Technical

Report and Update

CORPORATE OVERVIEW

February-March 2015

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KEY PEOPLE

Management

Non-Executive Directors

• Daniel J. Forbush, CPA President, CEO & Director

• Bryson Goodwin V.P. – Corporate Development, Director

• Donald J. McDowell, PLS V.P. – Project Development, Director

• P. Brenton Forbush, CPA Chief Financial Officer

• Walter Marting, Jr.

• Shane K. Dyer

• Larry Max Bigler

Technical Advisers

• Dr. Thom Seal, Phd., P.E.–Metallurgical

• Jeffrey Rassuchine - Geology

• James Ashton, P.E. – Mine Engineering,

• Robin Hendrickson– Geologic Engineer

• Dr. Steven Garwin, Phd., Chief Geologist

• William “Bill” Matlack, M.Sc., Geology -

Investment BankingFebruary-March 2015

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INDEPENDENCE PROJECT OVERVIEW

• Located in Lander County, Nevada

• Total historic drilling: 241 drill holes over

92,680 feet (included in Cibolan Gold’s

geological modeling)

• Cibolan Gold has drilled, logged, and

modeled more than 40,000 feet from 128

RC drill holes and 3 core holes

• Multiple deposits at the property

Near surface epithermal system

Deep, high-grade underground target

• Numerous high grade intercepts including

several multi-ounce 5 foot intercepts

• Mineralization open in multiple directions

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MINING IN NEVADA

• Nevada is ranked among the Top 10

most favorable mining jurisdictions

in the world

• Nevada is responsible for nearly

80% of annual gold production in

the U.S.

• Nevada is the 2nd largest silver

producer in the U.S.

• Cibolan Gold’s Independence

Project is located in the Battle

Mountain-Cortez Gold Trend in

Lander County

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PROLIFIC

BATTLE

MOUNTAIN

MINING

REGION

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SURROUNDING MINES

• Encircled by several large scale

historic deposits – Fortitude,

Marigold, McCoy/Cove, Phoenix,

and Sunshine

• The Fortitude Mine’s historic

production totaled 2.2 million

ounces of gold and 9.7 million

ounces of silver

• Fortitude is considered to be

among the most lucrative mines

in Nevada history

* The historic Fortitude Mine lies only 4,000 feet northeast of the Independence Mine.

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SURROUNDING MINES:

• The Phoenix Mine, owned and

operated by a major gold producer,

flanks the Independence Project on

three sides

• Phoenix Mine annually produces

over 250,000 ounces of gold and

900,000 ounces of silver

• The property contains proven and

probable reserves worth in excess of

$20 billion

• The Independence Project sits atop

the same trend as the Phoenix Mine

* The Phoenix Mine also produces 22 million pounds of copper each year

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PROPERTY HISTORY

• Independence Mine was

intermittently in production

from 1938 through 1987

• Historic production: 11,000

ounces of gold and 750,000

ounces of silver

• Historic grades: 0.17 ounces

gold per ton of and 11.53

ounces of silver per ton

• Cibolan Gold Corporation

acquired the Independence

Project in 2005

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GEOLOGY AND MINERALIZATION

Three targets of mineralization at

Independence Project

Multiple near surface

epithermal systems

A deep high grade, gold rich

skarn

Potential for a deeper gold-

copper porphyry system

* Geotechnical gold and silver survey for near-surface epithermal mineralization

February-March 2015

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NEAR SURFACE EPITHERMAL DEPOSIT

• Shallow, open pit mineable target

• Measured & Indicated resource:

223,300 ounces of gold; 3,784,400

ounces of silver

• All 131 Cibolan Gold’ drill holes

encountered mineralization

• Strike length of over 3,000 feet and

depth of 400 feet

• Cibolan Gold is on track to

complete a Preliminary Economic

Assessment by the end of 2015

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DEEP SKARN DEPOSIT

• High-grade, gold rich deep

underground target

• From a limited number of drill

holes, an Inferred resource of

796,000 ounces of gold already

has been established

• Zone of mineralization is more

than 1,400 feet wide and 3,400

feet long

• Potential for multi-million ounce

gold resource

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GOLD COPPER PORPHYRY TREND

• Underlies the Independence Project’s deep skarn target

• One deep drill hole intercepted 2 oz/t gold

• This zone appears to be part of the highly prolific Battle

Mountain-Eureka Trend, responsible for 23 million ounces

of historic gold production

• The Battle Mountain-Eureka Trend could contain even

greater resource potential than the parallel running Carlin

Trend, which has produced over 180 million ounces of gold

• Cibolan Gold is planning to conduct additional deep drilling

that could substantially expand the Independence Project’s

resource base

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WHY NOW

Cibolan recently undertook a fresh review of the data

• Why: Identify targets where we can mine 4 to 5 million tons

grading 0.05 ounces per ton to put on the preliminarily

engineered leach pad

• Incorporate known data from other properties in area

• Focused on near surface, near term production opportunities

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WHAT’S NEW

Results of the Review

• Identified range front fault system along western edge of current drilling

• Several holes with multi ounce intercepts drilled west of the fault

• Tenth ounce or greater intercepts in other holes were on trend

• Identified other targets on the property – including High Grade NE Structural Zone

• Designed drilling plan to expand current resources; potentially identify up to 2.0

million tons averaging up to 0.30 ounce per ton (20 times our current average grade)

Recommendations

• Re-examine geologic model in current resource area – focus on structural controls,

emphasize high-grade potential

• Evaluate Range Front system by drilling additional core and reverse circular holes

• Evaluate other identified targets areas with further mapping, sampling and drilling

• Complete PEA using revised geologic model resulting form Range Front and other

target drilling

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New Resource Development Target Zones

February-March 2015

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Geologic Map Showing the Structural Outcroppings

(Red inside C-3 unit) indicating the H.G. Range Front Target Area

February-March 2015

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#1 Priority

ProposedHigh Grade Gold

Resource Expansion

Delineation Core Drilling Plan

X-Section in PPT

PDH Resource Expansion, HG Delineation &

New Discovery Target Area

Hill Resource

Zone

High Grade Gold Delineation & Confirmation

Proposed Core Drill Locations

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PDH

PDH

GM-109

GM-108

GM-107

C-3

C-3

Slst

Slst

Slst

C-1

C-1 C-1

C-1

C-2

C-2 C-1

Slst

GM-111

Cross Section: 3100

GM-111 Au-Opt Ag-Opt

GM111 310 0.049 0.230

GM111 315 0.073 0.235

GM111 320 0.022 0.364

GM111 325 0.052 1.916

GM111 330 0.119 1.714

GM111 335 0.146 1.692

GM111 340 0.039 0.811

GM111 345 0.040 1.004

GM111 350 0.083 0.700

GM111 355 0.081 1.081

GM111 360 0.042 0.912

GM111 365 0.023 0.817

GM111 370 0.018 0.492

GM111 375 0.052 1.136

GM111 380 0.056 1.113

GM111 385 0.026 0.976

February-March 2015

C-1

C-2

C-2

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Cross Section: 3200

PDH

GM-24 GM-25

GM-53

C-3

C-3

Slst

Slst

Slst

C-1

C-1

C-1

Slst

GM-52 GM-69 GM-68

High Grade

Silver Zone with Gold

7.0 opt Ag to 30.0 opt Ag

PDH GM-70

GM-70 Au-Opt Ag-Opt

GM70 375 0.013 0.9

GM70 380 0.016 0.8

GM70 385 0.054 2.8

GM70 390 0.115 3.9

GM70 395 0.028 0.8

GM-52 Au-Opt Ag-Opt

GM52 080 0.019 0.8

GM52 085 0.025 2.1

GM52 090 0.050 3.1

GM52 095 0.311 3.9

GM52 100 0.034 0.8GM-70 Au-Opt Ag-Opt

GM70 345 0.012 1.5

GM70 350 0.072 31.7

GM70 355 0.017 3.0

GM-68 Au-Opt Ag-Opt

GM68 230 0.113 6.0

GM68 235 0.052 6.1

GM68 240 0.032 3.1

February-March 2015

Cross Section: 3750

PDH PDH

GM-128

GM-73

C-1

C-1

C-1

C-2

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C-3

C-3

C-3

Slst

Slst

Slst

C-2

Slst

C-1

C-2

GM-128 Au-Opt

GM128 315 2.897

GM128 320 0.137

GM128 325 0.033

GM128 330 0.021

GM-73 Au-Opt

GM73 350 0.060

GM73 355 0.029

GM73 360 0.369

GM73 365 0.109

GM73 370 0.025

GM73 375 0.012

GM73 380 0.010

GM73 385 0.069

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Cross Section: 4100

PDH

PDH

PDH GM-127

GM-117

C-3

C-3

C-3

Slst

Slst

SlstC-1

C-1

C-1

C-1

C-2

C-2

C-1

Slst

GM-127 High Grade

GM-127 FA30

SAMPLES Au-OPT

GM127 160 1.586

GM127 165 0.407

GM127 170 0.220

GM127 175 0.123

GM127 180 0.093

GM127 185 0.043

GM127 190 0.012

GM127 195 0.012

GM127 200 0.025

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Wilson Independence Project Proposed Budget

Direct Resource Development Drilling CostsAmount

Core Drilling Definition Drilling:

Drilling 5,000 Feet RC @ $50/Ft. (10 Holes) 250,000$

Management, Logging and Reporting 75,000

Sample Analyses (1,000 @ $40ea. Au, Geochemistry) 40,000

Site Construction & Water 30,000

Drilling & Misc. Field Supplies 20,000

QA-QC assay work 10,000

425,000

RC Drilling Definition Drilling:

Drilling 5,000 Feet RC @ $35/Ft. (10 Holes) 175,000

Management, Logging and Reporting 50,000

Sample Analyses (1,000 @ $40ea. Au, Geochemistry) 40,000

Site Construction & Water 30,000

Drilling & Misc. Field Supplies 20,000

QA-QC assay work 10,000

325,000

Totals 750,000$

Activity

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Cibolan Gold Proposed Budget

Overhead and ExpansionAmount

Overhead

Wages, Salaries and Payroll Related Expenses 250,000$

Office Rent & Related Operating Expenses 60,000

Insurance Expenses 40,000

Other General and Administrative Expenses 50,000

Investor Relations Expenses 25,000

Legal Expenses 50,000

475,000

Debt Reduction ($1.0 million via stock)Cash 250,000

Acquisition and Expansion

Piute Joint Venture Annual Work Commitment (Acquire for 1 million units) 150,000

Mineral Property Acquisition 500,000

Independence Claim Purchase 500,000

Preliminary Economic Assessment (PEA) 75,000

Project Permitting, State and County Permits, Environmental Studies 75,000

Mining, Metallurgical & Process Engineering and Design 40,000

Drill and Case Water Well 40,000

Geologic 3D Modelling & New Resource/Reserves Models 50,000

NI 43-101 Technical Report Completion 25,000

Contingency 70,000

1,525,000

Totals 2,250,000$

Categories

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TheCompanycautionsthatithasnotdemonstratedthatitwillbeeconomicallyviabletobuildandoperateamineattheIndependenceProjectandthatitisnotinapositionatthistimetomake,norhasitmade,aproduction

decision.Accordingly,thereisasignificantriskthattheCompanywillnotbeabletoeconomicallybuildoroperateamineattheIndependenceandthatitwillnottherefore,makeadecisiontocommencethebuildingofamine

attheIndependence.Evenifaproductiondecisionismade,therecanbenoassurancethattheCompanywouldbeabletobuildamineattheIndependencewithintheprojectedtimeframe,oratall.

201420132012

INDEPENDENCEPROJECTTIMELINETOPRODUCTION

PreFeasibility

Produc on

Construc on

EngineeringandDesign

Permi ng

PrefeasibiliyPreliminaryEconomicAssessment

CapitalProgramCost

BudgetOpera ngCostBudget

KeyStatePermitsSurfaceHydrology

WaterPollu onControlReclama onPermit

AirQualityPermitBLMPlanofOpera ons

EngineeringandDesignFacilityLayoutProcessDesign

LeachPadandPondDesigns

WasteRockDumpDesign

PitDesign

Construc onPrepareWasteRockDumpLeachPadandPonds

ConstructShopAdminOfficePlantandProcessFacilityProduc on

Av.30,000ozannually

Wilson Independence Project Estimated Timeline

2015 2016 2017

February-March 2015

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Wilson Independence Project

Production Plan Layout

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SHARE STRUCTURE

(Week of February 12, 2015)

OUTSTANDING

SHARE PRICE

MARKET CAP

AVG. TRADING

Issued

Warrants

Fully Diluted

8,061 shares/day

US$ 1.5 Million

22.9 Million

2.9 Million Average Price $0.29

25.7 Million

High 0.0750$

Low 0.0455$

VWAP 0.0657$

February-March 2015

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THE Cibolan Gold ADVANTAGE

• Located in Nevada: Gold and Silver mining powerhouse

• At A Major Mining Company’s Doorstep: The Independence

Mine is located at the right address, directly adjacent to the

Phoenix Mine

• Large Gold Resource: NI 43-101 compliant 1 million ounce

Measured, Indicated, and Inferred gold resource; additional 4

million ounce silver resource

• Excellent Logistics: Accessible by all-weather roads; water and

commercial power available; skilled workforce in place

• Strong Technical Team: 100+ years of experience in the mining

sector

February-March 2015

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FUTURE PLANS

Complete Preliminary Economic Analysis

• Validate the substantial gold and silver values at the Project

• Provide detailed estimates for equipment, construction, permitting,

and operational costs

• Establish a detailed estimate of mine life, production, and profitability

Conduct Additional Drilling Programs

• Continue drilling programs as to further delineate the near surface

epithermal systems and the deep targets

• Expand the Independence Project’s overall resource base

Recapitalize Cibolan Gold Corporation

• Raise new capital for future exploration and development

• Acquire a TSX listing for the Company

February-March 2015

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CORPORATE INFO

Cibolan Gold Corporation

1155 West Fourth Street, Suite 210 Reno, NV 89503

Daniel J. Forbush, President & CEO

Tel: 775-583-4636 Fax: 775-825-8862

[email protected]

www.nevada-goldmine.com

February-March 2015

mailto:[email protected]

http://www.nevada-goldmine.com/

cibolan gold corporation 2015

Investor Relations

forwardlooking statements

statements of historical

estimates of savings

registered companies

mining companies

companies expectations

exploration results

future plans