Experienced Management

Infrastructure

Frasergold

Table Mountain& Taurus

Permitted

Cassiar Gold Mine

Building British Columbia’s Next Gold ProducerCorporate Presentation August 2009

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 74,372,222

Stock Options ($0.40 - $3.04) 4,185,016

Warrants ($0.30 - $2.25) 14,384,026

Fully Diluted 92,941,264

Insider Ownership 4,362,900 (6%)

American Bonanza Gold Corp. 6,750,000 (9%)

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

Market Capitalization (as at July 22, 2009) ~$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)

Working towards production at Cassiar Gold Mine in Q4 2009 / Q1 2010

• Aggressive 8,000 to 10,000 metre diamond drill program at Cassiar Gold Camp 2009

• Merger & Acquisitions focus – build resource and production portfolio

Three advanced stage gold projects in British Columbia, Canada

• Table Mountain Deposit - high grade vein deposits

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

• Taurus Deposit - open pit, bulk tonnage opportunity and/or selected smaller high grade open pit opportunities

• Frasergold Deposit - open pit, bulk tonnage opportunity

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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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Peter A. Ball VP Corporate Communications20+ years mining, brokerage, marketing/communication and technical experience; previous roles with Eldorado Gold, Echo Bay Mines, Hudson Bay Mining and Smelting ltd., RBC Dominion Securities; graduate of Haileybury School of Mines and Georgian Business School

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 Mining25+ 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

Patrick McGrath CFO10+ years of finance and merger experience related to precious metals acquisitions; provided senior management consulting roles for CDN and US public companies; holds Certified General Accountant designation

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

Technical Team and Advisors

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John Dadds Exploration Manager30+ years experience in gold exploration; held positions of increasing responsibility with Corona Corp., Homestake Mining, Barrick Gold; successes include the co-discovery of Hemlo gold deposit and the exploration and mining of the Eskay Creek gold deposit

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

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

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

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

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 2,536 metre surface diamond drill program at East Bain zone

• Rehabilitated underground access workings at Cassiar Gold Mine

• Re-established exploration and mining camp

• Completed property-wide geophysics program

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• 56,300 hectare claim boundary

• Historical production of ~500,000 ounces

Table Mountain 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

• Commenced 8,000 to 10,000 metre diamond drill program (June 4, 2009) focused on:

Priority zones identified at Table Mountain to potentially increase resource base

Regional targets to identify new zones

• Commenced underground pre-development at East Bain zone to prepare for production at Cassiar Gold Mine (July 23, 2009)

• Commenced surface soil sampling, trenching and property-wide reconnaissance exploration program (June 4, 2009)

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

Taurus Gold Deposit

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Highlights

• NI 43-101 Mineral Resource Estimate

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

• Open pit, bulk tonnage opportunity

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

2009 Exploration & Development Program

• Commenced surface exploration drill program to define high grade zones within Taurus deposit for smaller open pits to use as supplemental feed for Table Mountain mine & mill complex

• Complete metallurgical studies on mineralized zones for compatibility with mill flowsheet

Oro Vein

Taurus Project – Summer 2009

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Examples of potential high grade zones within

Taurus Low Grade deposit

Infrastructure, Resources, PeopleReady for Production (July 2009)

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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)

NI 43-101 Mineral Resource Estimate

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2009 Resource Target Opportunities

Underground at Cassiar Gold Mine Surface

East Bain Mine Area Taurus Deposit – High Grade Zones for potential mill feed

Cusac Mine Area Pete, Vollaug, Gap, Bear, other

Main Mine Area Regional

Cassiar Gold Camp

Indicated Inferred

Tonnes Gradeg/t

Contained Au Tonnes Gradeg/t

Contained Au

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 0.99 32,829.72 1,055,500

Total 20,101 21.21 426.37 13,708 35,701,276 1.00 32,909.10 1,058,052

*Update of Technical Report on the Table Mountain Property, Liard Mining District, BC on the Table Mountain Property prepared by Beacon HillConsultants (1988) Ltd. - June 1, 2008. For 68.57 g/tonne cut values, individual assays greater than 68.57 g/tonne Au are cut 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 - datedMarch 11, 2009) regarding the Taurus Property is available on www.sedar.com. Taurus NI 43-101 resource estimate conversion equates to 33.055million tonnes at 0.99 g/t Au. This uses a cut-off grade of 0.50 g/t Au.

Resource Opportunities

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Main Mine

Cusac Mine

East Bain

Erickson Creek Fault

14 Adit

21Adit

28 Adit

Resource Opportunities

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Erickson Creek Fault

Cassiar Gold Camp Resource & Development Strategy

• Utilize completed geological data compilation model of 40 year history of camp to identify priority drill targets (data includes drill holes, maps, surveying, and geophysical information)

• Build near-term gold resource portfolio through aggressive surface drill programs

• Continue with regional reconnaissance exploration to identify targets for long term continued growth of resource portfolio across significant land position

• Complete underground rehabilitation and pre-production development

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Cassiar Gold Camp 2008 Progress &Q1 – Q4 2009 Development Plan

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Sept

Table MountainAccess / Surveying / UG Rehab.

2008 2009

Oct Nov Dec Q3Q1 Q2

Resource Modeling

Diamond Drilling

Taurus

Resource Modeling / Expansion

Cassiar Gold MineCamp / Site Prep / Equip. / Misc.

MillRehab./Maintenance/Prep.

Infrastructure

Resource Development

Eng./Mine Planning/Development

Bain

GIS Data Compilation

Q4

Metallurgical Study

Bulk Sample

Diamond Drilling

Frasergold Summary

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2007/08 Drilling

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

• Open pit, bulk tonnage opportunity

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

• Extensive infrastructure with road access directly to site

• Awaiting NI 43-101 Mineral Resource Estimate Study

• Continuing environmental studies, metallurgy and resource estimate

• 65 different visible gold occurrences logged in 60% of the 58 completed holes

• Recent drilling highlights: 48.77m averaging 5.84 g/t Au, including 4.38m averaging 63.05 g/t Au

TABLE MOUNTAIN DEPOSIT AND CASSIAR GOLD MINE

• Continue resource development through surface drilling during 2009 summer/fall; exploration program will consist of 8,000 to 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

TAURUS

• Continue surface drilling and metallurgical work to define high-grade small open pit opportunities to supplement mill feed at Cassiar Gold Mine

FRASERGOLD

• Work towards completion of NI 43-101 compliant mineral resource estimate

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Exploration and DevelopmentGoing Forward

Moving Towards Production

For more information please contact:

Todd Hanas, Investor Relations

Telephone: 604.484.3668

Toll Free: 866.869.8072

Email: todd@hawthornegold.com

www.hawthornegold.com

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