July 2011

Forward Looking StatementForward Looking Statement

Certain statements in this document constitute “forward lookingt t t ” hi h t b b d hi t i l f t S h f dstatements” which may not be based on historical fact. Such forward

looking statements involve known and unknown risk, uncertainties andother factors which may cause the actual results, performance orachievements of the Company, or industry results to be materiallydiff t f f t lt f hi tdifferent from any future results, performance, or achievementsexpressed or implied by such forward looking statements. Such factorsinclude, among others, the following: actual results of exploration anddevelopment activities; the estimation or realization of mineral reserves

d th ti i d th t f f t d ti th tand resources; the timing and the amount of future production; the costsand timing of the development of new deposits; future prices of preciousand base metals; accidents; risks inherent in mineral exploration; risksassociated with development, construction and mining operations;

t i ti f i hi th C ’ hi t f tirestrictions on foreign ownership; the Company’s history of operatinglosses and uncertainty of future profitability; uncertainty of access toadditional capital; environmental liability claims and insurance; anddependence on joint venture partners.

2

Edgewater Team Edgewater Team

George Salamis Edward FarrautoCFOPresident & CEO, Director

•+20 years experience directing exploration, development, and mining operations of a number of gold, base metal and coal projects

•Senior Management positions with Placer

CFO•+20 years experience as CFO and Director of public companies

•Directly involved in raising over $500 million of equity and debt•Senior Management positions with Placer

Dome and Cameco Corporation

•Completed M & A transactions valued over $1B

of equity and debt

•Completed M & A transactions valued over $750 million

Greg Smith, P.GeoVice President Exploration•+23 years exploration experience working for b h &

Doug Forster, M.Sc. P.GeoDirector•30+ years resource project development,

& f d blboth junior & senior mining operations

•Involved in outlining +10Moz gold discovery

M&A, equity finance and public company management

•President & CEO of Featherstone Capital

•Founder and director of several public companies

3

Capital Structure | July 2011Capital Structure | July 2011

Share StructureShare StructureKinross

Equity Ownership

Issued & Outstanding 66,680,687

Warrants6,875,000 @ 1.10 (2013)

Mgmt & Insiders

Kinross Gold Corp

5%

6,875,000 @ 1.10 (2013)

624,780 @ $1.10 (2012)

7,806,500 @ $1.40 (2013)

’15,451,280

Options 5,077,000

19%Retail 38%

p , ,

Fully Diluted* 92,208,967*

CashCash $18,500,000$18,500,000

Institutional38%

, ,, ,

* If Edgewater delineates a NI43-101 compliant resource of 3Moz of gold in the M&I category on the EnchiGold Project, then Kinross can exercise an additional 2.5M warrants at $0.50 and 2.5M warrants at $1.00 (included in the fully diluted number above).

4

Edgewater ProjectsEdgewater Projects

5

Corcoesto Project | OverviewCorcoesto Project | Overview

• Located 35km W of the La Corunain NW Spain one of the most proin NW Spain, one of the most pro-mining regions

• 100% ownershipp

• 2011 NI43-101 Compliant Resource

– Measured & Indicated: 325,000oz Gold,Inferred: 1,149,000oz Gold

• 7 major gold vein systems open along strike and at depth

• Active drill program underway

– Highlight Drill Hole to date 10E10: 10.72 g/t Gold over 17m

• Potential for both open pit and underground operations

6

Corcoesto Project | Details Corcoesto Project | Details

• Previous work on the project has consisted of geological mapping, geophysical surveying, and soil and rock geochemistry including g y gtrenching and 42,000m of diamond and RC drilling in +400 holes

• Gold mineralization associated with quartz veins quartz breccias and silicificationveins, quartz breccias and silicification

• Amenable to conventional open-pit mining

• Excellent infrastructure; roads and 22 Kv• Excellent infrastructure; roads and 22 Kvpower line crossing project

• Currently permitted for small scale mining

• Permit to be resubmitted due to increase in resource size.

7

Corcoesto | 2011 Resource EstimateCorcoesto | 2011 Resource Estimate

NI 43-101 Mineral Resource Summary

Resource Class Cutoff Tonnes g/t Gold Contained GoldResource Class Cutoff(g/t Au)

Tonnes(x1000)

g/t Gold Contained Gold(x1000 oz)

Measured 0.65 3,899 1.77 222

Indicated 0.65 1,823 1.69 103

Measured + Indicated 0.65 5,783 1.74 325

Inferred 0.65/2.0 20,265 1.76 1,149

A t t l f 1 101 9 f f t hi i 55 t h 443 1 f dit li i 4 dit d • A total of 1,101.9 m of surface trenching in 55 trenches, 443.1 m of adit sampling in 4 adits and 42,326.2 m of diamond and RC drilling in 436 drill holes were used in the resource with sample spacing’s that were less than 30 m for Measured resources, less than 40 metres for Indicated resources and less than 195 m for Inferred resources except for Inferred resources below 200 m from surface and for the northern two vein systems that used drill spacing’s of 196 m

• A base cutoff grade of 0.65 g/t Au was used for reporting resources above a depth of 200 m from surface and a cutoff grade of 2.0 g/t Au was used for reporting resources below 200 m from surface

8

Corcoesto | Aerial ViewCorcoesto | Aerial View

Pozo Del Ingles Peton De Lobo

Cova Crea

gGold Zone Gold Zone

Cova CreaGold Zone

12,000mDi d D ill 1 D ill Ri In-country Team

9

Diamond Drill Program

Underway

1 Drill Rigs Onsite $2.5M Budget

In country Team with extensive

experience

Corcoesto | 2010 Corcoesto | 2010 --2011 Drill Results2011 Drill ResultsLongitudinal sectionLongitudinal sectionPozo del Ingles Ore Zone PI-27Cut-0ff 1.0g/t Au

Longitudinal sectionCova Crea Ore Zone PI-27

Cut-0ff 0.5 g/t Au

1.51 g/t Gold over 43.40m 10.72 g/t Gold over 17m

2.66 g/t Gold over 13.3m

Drill HoleMineralized Intercept Length Au

Zone From To (m) (g/t)

Hole 10E01 Peton de Lobo 25.10 30.05 4.95 1.60

Hole 10E02 Cova Crea 159 0 165 0 6 00 4 27Hole 10E02 Cova Crea 159.0 165.0 6.00 4.27

Hole 10E03 Cova Crea 155.0 167.5 12.50 0.75

Hole 10E05 Cova Crea 174.7 182.8 8.10 1.71

Hole 10E07 Cova Crea 261.2 304.6 43.40 1.51

10

Hole 10E09 Pozo De Ingles 0.00 8.60 8.60 1.29

Hole 10E10 Pozo De Ingles 164.0 181.0 17.00 10.72

Hole 11E13 Pozo De Ingles 320.8 334.1 13.3 2.66

Corcoesto | Development TimelineCorcoesto | Development Timeline

2 0 1 1 2 0 1 22 0 1 1 2 0 1 2

Q1 Q2 Q3 Q4 Q1

12,000m Diamond Drill Program

Engineering Scoping Study

$2.5 M Drilling

11

2nd

largest producer in Africa

EnchiEnchi Gold ProjectGold Project

• Located in Ghana, 70km SW of the 5Moz Chirano gold mine associated with 9km long Bibiani Shear Zone

• Mid-stage exploration comprised of 8 licenses totalling 568km2

• 290km west of the capital city Accra,

12

• Spending $5M to earn net 51%interest from Kinross Gold Corp(TSX:K)

290km west of the capital city Accra, accessed via sealed roads

EnchiEnchi | Location| Location

• Analogous to Chirano Gold Mine

• Includes 16 known targets • Includes 16 known targets along a 40km section of the Bibiani Shear

• Key Target Areas:• Key Target Areas:

Boin Nyamy Sewum Eradi

13

EnchiEnchi Gold ProjectGold Project

• Similar geology following the Chiranoand Bibiani shear zones

• 40,000m of drilling conducted by previous operatorsoperators

• Abundant drill ready targets

• Over 45 drill holes and trenches > 1g/t over 10m not followed up

14

EnchiEnchi | | NyamNyam TargetTarget

• +1.5 km of continuous gold mineralization identified

• Shallow: drilled to avg depth of less than 100m

• Consistent: widths of 10 – 20m of economic grade gold intercepted in previous drilling

• No 43 101 resource estimate done• No 43-101 resource estimate done

• Open on-strike and at depth

RC Drilling Results*

Hole From (m)

To (m)

Intercept (m)

Au (g/t)

KRC027 3 14 11 3.60

KRC032 69 85 16 1.83

KRC065 15 24 9 1.92

KRC075 12 28 16 1.66

KRC097 7 16 9 2.77

15Cross Section 15320NCross Section 15320N

*RC drilling results greater than 1.0 g/t Au from Nyamebekyere Gold zone

EnchiEnchi | | BoinBoin TargetTarget

• Mineralization +10km associated with the Bibiani Shear Zone

• Work by Red Back included 26 trenches totaling 3 945m and 112

BoinBoin Cross SectionCross Sectiontrenches totaling 3,945m and 112 RC drill holes totaling 13,033 m

• No deep drilling has been conducted

• Major resource delineation drill program planned

RC Drilling Results

Hole From (m)

To (m)

Intercept (m)

Au (g/t)

KBRC001 29 49 20 1.57

g

KBRC004 67 83 16 2.26

KBRC007 84 96 12 1.75

KBRC008 26 56 30 1.92

KBRC012 31 64 33 2.1

16

EnchiEnchi | | EradiEradi & & SewumSewum TargetsTargets

• Three parallel soil anomalies each approx 3 2km strike

EradiEradi

each approx. 3.2km strike length

• Only 2 trenches totaling 435m were completed on the

li

SewumSewumHi hl ti anomalies

• Not drilled to date

• Assayed 37m of 1.47 g/t gold in trenches

• Highly prospective, multiple kilometers of strike length defined

• Previous trench highlights: gold in trenches

• Obuasi-Enchi Lineament is associated with the major 40 Moz Ashanti gold deposit located 100 km

1.14g/t over 24.2m2.35 g/t over 11m0.70g/t over 221m 1.06g/t over 17 mdeposit located 100 km

east of the Enchi Projectg/

1.48g/t over 78m1.86g/t over 17 m

• Mineralized brecciaintercepted in our first

17

intercepted in our first few Sewum drill holes, assays pending

EnchiEnchi | | SewumSewum South TargetSouth Target

N Di S S thNew Discovery Sewum SouthHole From

(m)To

(m)Intercept

(m)Au

(g/t)

SWDD001 57 86 29 2.01SWDD001 57 86 29 2.01

SWDD003 101 118 17 1.59

SWDD004 47 73 26 1.15

• Sewum South has some of the highest gGeo-chem anomalies on the Enchi Project

• Sewum Gold Zone has a total strike length of over 7km

Assays Pending>20 drill holes

Sewum South Drill Core

SWDDH001 2 01 /t 29

18

SWDDH001 2.01g/t over 29m

EnchiEnchi ProgressProgress

• To date a total of 5,000m and 27 trenches have been completed by Edgewater

• Boin – 700m of a 3km strike has been drilled to a avg depth of 50m (drilling underway)

• Nyam – 1.7 km of strike drilled to an avg depth of 50m

• Both are open along strike and at depth (excellent continuity, leading to a gold

resource during H2 2011

• Drilling program has been expanded to 35,000m

• Sewum (new zone) Multiple undrilled trenches with grades up to 1.48g/t gold over 78m

(drilling now underway)

Hole From (m)

To (m)

Intercept (m)

Au (g/t)

Hole From (m)

To (m)

Intercept (m)

Au (g/t)

Edgewater Diamond Drill ResultsBOIN GOLD ZONE

Edgewater Diamond Drill ResultsNYAM GOLD ZONE

(m) (m) (m) (g/t)

NBDDH021 69 80 11 4.75

NBDDH018 31 65 34 1.13

NBDDH013 43 64 21 1.04

NBDDH001 47 61 14 1 13

(m) (m) (m) (g/t)

KBDDH002 32 41 9 2.74

KBDDH003 44 68 24 1.72

KBDDH009 41 65 24 1.58

KBDDH010 15 27 12 2 91

19

NBDDH001 47 61 14 1.13

NBDDH002 55 62 7 1.68

KBDDH010 15 27 12 2.91

KBDDH011 45 79 34 1.41

KBDDH013 10 34 24 1.42

EnchiEnchi | Project Timeline| Project Timeline

2 0 1 1 2 0 1 2

Q1 Q2 Q3 Q4 Q1Q1 Q2 Q3 Q4 Q1

Geological Mapping, Trenching, & Soil Sampling Soil Sampling

Prioritizing Drill Targets

“Initial”NI 43-101 Resource

“Initial”NI 43-101 ResourcePrioritizing Drill Targets Resource EstimateResource Estimate

35,000m Diamond Drill Program

20

Enterprise Value (US$/oz)Enterprise Value (US$/oz)

Ed t E l ti i

$250

$300 Edgewater Explorations peer review group averages $84/oz (EV/Resources)

Edgewater Exploration is currently valued at

$200

Edgewater Exploration is currently valued at $33/oz

$100

$150

$50

$0

21

Date July 13/2011

SummarySummary

• Ghana – Enchi Gold Project: located in one of the most prolific goldregions of the world; major resource delineation and new gold target drillingregions of the world; major resource delineation and new gold target drillingprogram. A 35,000m Diamond drilling program underway

• Spain – Advanced stage 100% controlled Corcoesto gold deposit:hosts a recently updated NI 43 101 M&I resource of 325 000 oz Gold withhosts a recently updated NI 43-101 M&I resource of 325,000 oz Gold with1,149 oz Gold of Inferred, the deposit is open for resource expansion and ispotentially amenable to low cost open pit mine development. A 12,000mDiamond drilling program underway. Edgewater recently commenced ascoping study on Corcoesto to be completed H2 2011scoping study on Corcoesto to be completed H2, 2011.

• Management team - in place with a proven track record of advancingundervalued gold projects and maximizing shareholder value

22

Acquiring and Advancing Undervalued Worldwide Gold Assets

Acquiring and Advancing Undervalued Worldwide Gold Assets

Contact: Ryan King, Vice-PresidentPhone: 604 628 1012

Contact: Ryan King, Vice-PresidentPhone: 604 628 1012Phone: 604 628 1012

Email: rking@edgewaterx.comWebsite: www.edgewaterx.com

Phone: 604 628 1012Email: rking@edgewaterx.com

Website: www.edgewaterx.com

TSX-V: EDWTSX-V: EDW