hgc corporate presentation may 2010

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Experienced Management Infrastructure Taurus Table Mountain Permitted Cassiar Gold Mine Building British Columbia’s Next Gold Producer Corporate Presentation May 2010

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HGC corporate presentation may 2010

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Page 1: HGC corporate presentation may 2010

Experienced Management

Infrastructure

Taurus

Table Mountain

Permitted

Cassiar Gold Mine

Building British Columbia’s Next Gold ProducerCorporate Presentation May 2010

Page 2: HGC corporate presentation may 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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Page 3: HGC corporate presentation may 2010

Share Structure

Issued and Outstanding 82,115,113

Special Warrants ($0.29) 14,338,801

Stock Options ($0.40 - $1.60) 6,787,000

Warrants ($0.40 - $0.51) 11,342,857

Fully Diluted 114,583,791

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

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

Market Capitalization (as at April 29, 2010) ~$25M

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Page 4: HGC corporate presentation may 2010

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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Page 5: HGC corporate presentation may 2010

Gold Development and Production Portfolio

Thwo 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

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

• Completed $4 million M&A working capital financing

• Focused acquisition of near or in production target

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Page 6: HGC corporate presentation may 2010

Michael Beley Chairman and Director

40 + 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 Director

40+ 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

Patricia Fong CFO (Interim)

15 years of experience in the mining, oil and gas industries and previously held the position as Controller of various companies under the Lundin Group. Prior to entering the mining industry, Ms. Fong held various management roles in manufacturing, construction, real estate and government sectors.

Marlin Murphy Manager of Environmental and Governmental Affairs

Over 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

Page 7: HGC corporate presentation may 2010

Experienced Director Team

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Bernard Kahlert Director

35+ 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 Director

30 + 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 Director

30+ 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 Director

20 + 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 Director

Over 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.

Page 8: HGC corporate presentation may 2010

Technical Team and Advisors

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David Rhys Board Advisor

Principal 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 Advisor

20+ 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/Consultant

30+ 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

Page 9: HGC corporate presentation may 2010

British Columbia – A Pro Mining Province

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TaurusDeposit

Table Mountain Deposit (Cassiar Gold Mine)

Cassiar Gold

District

Page 10: HGC corporate presentation may 2010

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

Page 11: HGC corporate presentation may 2010

Table Mountain Mine and Mill Complex

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Page 12: HGC corporate presentation may 2010

Table Mountain Mill and Shops

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Page 13: HGC corporate presentation may 2010

270 TPD Mill Capacity

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Page 14: HGC corporate presentation may 2010

Experienced Mining Management

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Page 15: HGC corporate presentation may 2010

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

Page 16: HGC corporate presentation may 2010

Table Mountain Core Library

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Page 17: HGC corporate presentation may 2010

Multiple Gold Zones For Future Development

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Page 18: HGC corporate presentation may 2010

High Grade Gold Veins

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Page 19: HGC corporate presentation may 2010

Historic Mining Grades of 14 Grams Gold

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Quartz vein in mine face – Table Mountain

Page 20: HGC corporate presentation may 2010

Table Mountain Mining Fleet

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Page 21: HGC corporate presentation may 2010

Table Mountain Mill

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Page 22: HGC corporate presentation may 2010

Constructed New 75 Tonne Capacity Bridge

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Page 23: HGC corporate presentation may 2010

Cassiar Gold 75 Person Camp

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Page 24: HGC corporate presentation may 2010

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

Page 25: HGC corporate presentation may 2010

Taurus Gold Deposit Looking West

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Page 26: HGC corporate presentation may 2010

Taurus Core Library

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Page 27: HGC corporate presentation may 2010

Taurus Diamond Drilling

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Page 28: HGC corporate presentation may 2010

Taurus Open Pit 2009 Bulk sample

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Page 29: HGC corporate presentation may 2010

Taurus High Grade 3-5 Gram Gold Zones

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Page 30: HGC corporate presentation may 2010

Straight Forward Ore Control Taurus Gold Zones

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Page 31: HGC corporate presentation may 2010

Taurus Bulk Sample – Summer 2009

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Examples of potential

high grade zones within

Taurus Low Grade

deposit

Page 32: HGC corporate presentation may 2010

Taurus 5,000 Tonne Bulk Sample

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Page 33: HGC corporate presentation may 2010

Taurus Bulk Sample High Grade

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Page 34: HGC corporate presentation may 2010

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)

Page 35: HGC corporate presentation may 2010

TABLE MOUNTAIN 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

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Exploration and DevelopmentGoing Forward

Page 36: HGC corporate presentation may 2010

Contact:

For more information please visit:

www.hawthornegold.com

or contact:

Robert Ferguson or Jaclyn Ruptash

Telephone: 604.629.1505

Toll Free: 888.629.1505

Email: [email protected]

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