Experienced Management

Infrastructure

Frasergold

Table Mountain& Taurus

Permitted

Cassiar Gold Mine

Building British Columbia’s Next Gold ProducerCorporate Presentation February 2010

Forward-Looking Information

Certain statements herein may contain forward-looking information within the meaning of applicable securitieslaws. Forward-looking information appears in a number of places and can be identified by the use of wordssuch as “intends” or variations of such words and phrases or statements that certain actions, events or results“may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information includesstatements regarding the Company’s exploration and development plans with respect to its properties and theestimation of mineral resources and are subject to such forward-looking risks, uncertainties and other factorswhich may cause the Company’s actual results, performance or achievements, or industry results, to bematerially different from any future results, performance or achievements expressed or implied by suchforward-looking information. Such risks include gold price volatility, change in equity markets, the uncertaintiesinvolved in interpreting geological data, increase in costs and exchange rate fluctuations, permitting andenvironmental risks and other risks involved in the gold exploration and development industry. There can be noassurance that forward-looking information referenced herein will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in such statements or information. Also, many ofthe factors are beyond the control of Hawthorne Gold. Accordingly, readers should not place undue reliance onforward-looking information. All forward-looking information herein are qualified by this cautionary statement.The Company does not undertake to update such forward-looking information except in accordance withapplicable securities laws.

A feasibility study has not been completed for any projects discussed in this presentation and there is nocertainty the disclosed targets will be reached nor that the proposed operations will be economically viable.

Michael Petrina, P.Eng., the Company’s Vice President of Mining and a Qualified Person as defined by NationalInstrument (“NI”) 43-101, has reviewed and approved the technical information contained in this presentation.

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Share Structure

Issued and Outstanding 81,305,211

Stock Options ($0.40 - $1.60) 7,233,700

Warrants ($0.40 - $2.25) 13,987,469

Fully Diluted 102,526,380

American Bonanza Gold Corp. 5,750,000 ~(8%)

Institutional Ownership ~25,000,000 ~(26%)

Market Capitalization (as at January 26, 2010) ~$30M

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Investment Highlights

Experienced Management , Operational and Technical Team• Led by respected company builders Michael Beley and Richard Barclay

Co-founded both Bema Gold and Eldorado Gold

• Strong board of directors and advisory team

Dedicated to Growth through drilling, development and acquisitions• Apply Bema/Eldorado Model (short term cashflow)

Advance towards cashflow at profitable mining operation within 4 years from Company inception

On track for production at Cassiar Gold Mine, British Columbia

• Aggressive 10,000 metre diamond drill program at Cassiar Gold Camp 2010

Build resource portfolio and develop priority exploration targets for upside potential

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Gold Development and Production Portfolio

Three advanced stage gold projects in British Columbia, Canada

• Table Mountain Gold Deposit - high grade vein deposits

Fully permitted 270 tonnes per day mine, operational mill and tailings impoundment facility

Estimated replacement value for mill facility: ~$25M

• Taurus Gold Deposit - open pit, bulk tonnage opportunity

• Frasergold Deposit - open pit, bulk tonnage opportunity

Merger & Acquisition focus – build out management team, resource and production portfolio to become a significant junior gold producer

• Reviewed 75 near term production gold projects

• Selected 6 for management dialogue

• Focused acquisition of near or in production target

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Michael Beley Chairman and Director40 + years experience in senior executive roles in mining industry; former co-founder, VP & Director of Eldorado Gold Corp.; former co-founder, VP & Director of Bema Gold Corp.; co-founder of Polaris Minerals; and former Director of Nevada Pacific Gold

Experienced Management Team

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Richard Barclay President, CEO and Director40+ years experience in senior executive roles in financial sector; former founding CEO, President, & Director of Eldorado Gold Corp.; former co-founder, CFO and Director of Bema Gold Corp.; and former President, CEO & Director of Nevada Pacific Gold

Michael Petrina VP Operations25+ years experience in senior management , operational and consulting roles for such companies as Adanac Molybdenum Corporation, Pan American Silver Corporation, Miramar Mining, TVX Gold, and Kilborn Engineering Pacific Ltd.; B.Sc. Engineering, P.Eng and MBA

David McAdam CFO (Interim)25 years of international experience in senior financial roles. Mr. McAdam previously held the positions as CFO of Eastern Platinum Limited, and executive and advisory positions for Yellowcake Mining Inc., and other US/CDN based Co.’s; B. Comm.

Marlin Murphy Manager of Environmental and Governmental AffairsOver 25 years of environmental and government relations experience; previous senior management positions with EBA Engineering, Compliance Energy Corporation, Barrick Gold Corporation, Homestake Mining and Cassiar Mining Corporation

Experienced Director Team

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Bernard Kahlert Director35+ years of international exploration experience primarily focused on gold and base metals; held various positions with mining companies in Australia, United States and Canada; graduate in Geology and P.Eng

Dale A. Sketchley Director30 + years experience encompassing all phases of exploration, QAQC, geological modelling and resource evaluation; Mr. Sketchley has been involved Ivanhoe Mines, Union Minié, Chevron, Denison, Erickson Gold, Cooke Geological, MineQuest, and Placer Dome

Don Siemens Director30+ years experience as a Chartered Accountant; Mr. Siemens specializes in Corporate Finance, cross-border transactions and Mergers & Acquisitions; Mr. Siemens serves as a director and Audit Committee Chair for three public companies: Los Andes Copper Ltd., Nikos Explorations Ltd, and Adriana Resources Inc.

John Nugent Director20 + years experience of Financial and corporate expertise; Mr. Nugent became president of Gardiner Group Stock Brokers Inc., co-founder and president of Romanex Limited, president of International Barytex Resources Ltd. Currently he serves as a director of Nikos Exploration and Los Andes Copper Ltd., and is Chairman of Hansa Resources Limited

Harvey Brooks DirectorOver 20 years experience in executive roles; Mr. Brooks was Senior Vice-President and General Manager, US Division of National Bank of Canada, director of Northern Sun Exploration Company Inc.

Technical Team and Advisors

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David Rhys Board AdvisorPrincipal of Panterra Geoservices Inc.; specializes in the application of structural geology techniques to the assessment of mineral deposits; has extensive experience in the evaluation of gold deposits at all phases of development

Dr. John-Mark Staude Board Advisor20+ years of international exploration experience in precious and base metals; held various positions of increasing responsibility with Kennecott, BHP Billiton, and Teck Cominco

Jack McClintock Board Advisor/Consultant30+ years experience in all facets of the mineral exploration business; held various positions of increasing responsibility with Rio Algom, Billiton and BHP Billiton, the last being Global Exploration Manager with BHP Billiton; graduate degrees in Geology and MBA

British Columbia – A Pro Mining Province

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FrasergoldDeposit

TaurusDeposit

Table Mountain Deposit (Cassiar Gold Mine)

Cassiar Gold District

Cariboo Gold District

Cassiar Gold Camp

Table Mountain and Taurus Deposits

Progress To Date

• Increased land position by 245%

• Purchased remaining 70% of Taurus Deposit

• Completed geological compilation model of 40 years of data

• Completed 12,000 metre surface diamond drill program 2008/9

• Rehabilitated underground access workings at Cassiar Gold Mine

• Re-established exploration and mining 75 man camp

• Completed property-wide geophysics program

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• 58,901 hectare claim boundary

• Historical production of ~500,000 ounces

Table Mountain Mine and Mill Complex

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Table Mountain Mill and Shops

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270 TPD Mill Capacity

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Experienced Mining Management

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Table Mountain Gold Deposit & Cassiar Gold Mine

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High-Grade Gold System

• NI 43-101 Mineral Resource Estimate

• Deposits hosted in extensive quartz-carbonate-gold vein systems similar to some of Canada’s largest gold camps, including Timmins, Kirkland Lake and Val d’Or

2009 Exploration & Development Program

• Completed 12,000 metre diamond drill program focused on:

Priority zones identified at Table Mountain and Taurus that will increase resource base

Regional targets to identify new zones

• Underground pre-development at Table Mountain to prepare for production at Cassiar Gold Mine

• 23 km of road access throughout property to access 13 adits and ~25 km underground workings

Table Mountain Core Library

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Multiple Gold Zones For Future Development

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High Grade Gold Veins

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Historic Mining Grades of 14 Grams Gold

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Quartz vein in mine face – Table Mountain

Table Mountain Mining Fleet

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Table Mountain Mill

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Constructed New 75 Tonne Capacity Bridge

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Cassiar Gold 75 Person Camp

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Taurus Gold Deposit

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Highlights

• NI 43-101 Mineral Resource Estimate

• High-grade zones identified within resource selected high grade open pits

• Open pit, bulk tonnage opportunity

• Historical production of 32,700 ounces from high grade zones within deposit

2010 Exploration & Development Program• Plan 2010 10,000 meter surface exploration drill

program to bring Taurus inferred resource to measured and indicated status

• Metallurgical studies on mineralized zones for compatibility with mill flow sheet

• Potential for multi million ounce open pit and underground bulk mineable gold deposit

Oro Vein

Taurus Gold Deposit Looking West

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Taurus Core Library

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Taurus Diamond Drilling

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Taurus Open Pit 2009 Bulk sample

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Taurus High Grade 3-5 Gram Gold Zones

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Straight Forward Ore Control Taurus Gold Zones

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Taurus Bulk Sample – Summer 2009

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Examples of potential high grade zones within

Taurus Low Grade deposit

Taurus 5,000 Tonne Bulk Sample

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Taurus Bulk Sample High Grade

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Infrastructure, Resources, PeopleReading for Production

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Mine and Mill Site 270 tpd Mill Facility Entering East Bain Zone

Underground at Table Mountain Developing Ramp to East Bain Taurus High Grade Veins at Surface

Taurus pre-stripping, drilling, trenching Taurus Drilling Zone #1 Reviewing Core (President and Advisors)

Frasergold Summary

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2007/08 Drilling

Earn up to a 60% interest in the property from Eureka Resources Inc.

• Completed an independent National Instrument 43-101 technical report on November 15, 2009.

• Open pit, bulk tonnage opportunity

• ~50,000m of historical diamond and RC drilling and 300m underground workings (includes 3,617m in 2007 and 10,405m in 2008)

• Extensive infrastructure with road access directly to site

• 65 different visible gold occurrences logged in 60% of the 58 completed holes; drilling highlights: 48.77m averaging 5.84 g/t Au, including 4.38m averaging 63.05 g/t Au

Deposit Resource Resource (Oz Au) Resource (Oz Au) Company Stage Cash CostCut-off

(g/t) M & IGrade(g/t) Inferred

Grade(g/t) Per Oz

Paracatu, Brazil 0.18 4,267,000 0.380 450,000 0.370 Kinross Operation $373

Fort Knox, Alaska 0.43 1,723,000 0.550 35,000 0.550 Kinross Operation $344Marigold, Nevada n/a 510,000 0.550 460,000 0.480 Goldcorp Operation $308Frasergold, British Columbia* 0.30 611,959 0.559 1,228,457 0.507

Hawthorne Gold / Eureka Resources

Advanced Exploration N/A

Spanish Mtn, British Columbia 0.30 3,940,000 0.581 460,000 0.574

Skygold Ventures Ltd.

Advanced Exploration N/A

Maricunga, Chile n/a 2,290,000 0.610 2,400,000 0.560 Kinross Operation $447Round Mtn, Nevada 0.42 529,000 0.640 450,000 0.404 Kinross Operation $316

* The Frasergold current resource is base is based on an approximate strike length of 1.5 km within the 10 km mineralized zone on the Frasergold Property

Notes:P & P - Proven and ProbableM & I - Measured and Indicated

Other:All information presented above is based on public information gathered from company websites.

Frasergold Deposit Comparison

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Due to the uncertainty of Inferred Mineral Resources it cannot be assumed that all, or any part of this resource will be upgraded to an Indicated or Measured Resource as a result of continued exploration. To

justify upgrading of the Mineral Resource to a Mineral Reserve, demonstrated economic viability is required. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

TABLE AND TAURUS GOLD DEPOSIT

• Continue resource development through surface drilling during 2010 summer/fall; exploration program will consist of 10,000 metres of diamond drilling, trenching, mapping and soil sampling

• Complete engineering and mine planning• Complete pre-production mine development leading towards production at Cassiar Gold Mine

FRASERGOLD

• Completed An independent National Instrument 43-101 technical report titled, "Report on the 2007 and 2008 Drill Programs on the Frasergold Property, Cariboo Gold District, B.C.”, prepared by K.V. Campbell, Ph.D, P.Geo of ERSi Earth Resource Surveys Inc. and G.H. Giroux, MA.Sc, P.Eng. of Giroux Consultants Ltd. -dated November 15, 2009; reviewing opportunities and action plan for mining camp and project

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Exploration and DevelopmentGoing Forward

NI 43-101 Mineral Resource Estimate

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Projects

Measured Indicated Inferred

Tonnes Gradeg/t

Contained Au Tonnes Gradeg/t

Contained Au Tonnes Gradeg/t

Contained Au

Kg Oz Kg Oz Kg Oz

East Bain* 20,101 21.21 426.37 13,708 1,158 68.57 79.38 2,552

Taurus** - - - 33,055,000 0.990 32,829.72 1,055,500

Frasergold 11,470,000 0.595 6,824.65 219,418 22,610,000 0.540 12,209.40 392,541 75,310,000 0.507 38,209.28 1,228,457

Total 11,470,000 0.595 6,824.65 219,418 22,630,101 0.558 12,635.77 406,249 108,366,158 0.655 71,118.38 2,286,509

• An independent National Instrument 43-101 technical report titled, "Report on the 2007 and 2008 Drill Programs on the FrasergoldProperty, Cariboo Gold District, B.C.”, prepared by K.V. Campbell, Ph.D, P.Geo of ERSi Earth Resource Surveys Inc. and G.H. Giroux,MA.Sc, P.Eng. of Giroux Consultants Ltd. -dated November 15, 2009, is available on www.sedar.com and on Hawthorne’s website.The Company is earning up to 60% of the project from Eureka Resources and 100% of ounces from project are shownabove***.

• *Update of Technical Report on the Table Mountain Property, Liard Mining District, BC on the Table Mountain Property prepared byBeacon Hill Consultants (1988) Ltd. - June 1, 2008. For 68.57 g/tonne cut values, individual assays greater than 68.57 g/tonne Au arecut to 68.57 g/tonne Au.

• ** An updated NI 43-101 report (Wardrop Engineering Inc. – Updated Resource Report on the Taurus Deposit – Liard Mining District,BC - dated March 11, 2009) regarding the Taurus Property is available on www.sedar.com. Taurus NI 43-101 resource estimateconversion equates to 33.055 million tonnes at 0.99 g/t Au. This uses a cut-off grade of 0.50 g/t Au.

***About the Frasergold Option Agreement Pursuant to an option agreement dated October 31, 2006 between Hawthorne and Eureka, Hawthorne can earn a 51% interest in the Frasergold Project by

completing sufficient exploration expenditures totaling $3.5 million (expended), completing a feasibility study by April 30, 2010 (April 30, 2012 with extensions) andmaking cash payments totaling $175,000 ($175,000 paid) before October 31, 2009. Hawthorne can earn a further 9% (for a total of 60%) by arranging financing for70% of the estimated capital costs for production.

Contact:

For more information please visit:

www.hawthornegold.com

or contact:

Todd Hanas

Telephone: 604.484.3668

Toll Free: 866.869.8072

Email: todd@hawthornegold.com

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