leviathan corporate presentation 2012

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Drilling Now at the San Juan Gold Project Corporate Presentation Febuary 2012 Vancouver • Nevada • Mexico

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Page 1: Leviathan Corporate Presentation 2012

Drilling Now at the San Juan Gold Project

Corporate Presentation Febuary 2012

Vancouver • Nevada • Mexico

Page 2: Leviathan Corporate Presentation 2012

Forward Looking Statements

Some of the statements contained in this presentation may be deemed “forward-looking statements.” These include estimates and statements that describe the Company’s future plans, objectives or goals, and expectations of a stated condition or occurrence.

Forward-looking statements may be identified by the use of words such as “believes" "anticipates” “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual results relating to, among other things, results of exploration, reclamation, capital costs, and the Company’s financial condition and prospects could differ materially from those currently anticipated in such statements for many reasons such as but not limited to; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for the minerals the Company expects to produce; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company’s activities; and changing foreign exchange rates and other matters discussed in this presentation.

Persons should not place undue reliance on the Company’s forward-looking statements. Further information regarding these and other factors, which may cause results to differ materially from those projected in forward-looking statements, are included in the filings by the Company with securities regulatory authorities. The Company does not assume any obligation to update or revise any forward looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or

accuracy of the contents of this presentation, that has been prepared by management.

Page 3: Leviathan Corporate Presentation 2012

Team Paul Gossen, CEO, Board Director Mr. Gossen is a globally recognized leader in strategic execution that has demonstrated leadership success in numerous sectors including mining, oil & gas, engineering, technology and finance. He has conducted successful projects in Canada, Russia, India, China and Mexico. Mr. Gossen is a hands-on business leader who specializes in achieving breakthrough results with the highest levels of engagement and execution accountability from team members. He has 22 years of experience in team formation, capital financing and early stage project development at the board, executive and advisory level.

• Riverside Resources, Strategic Advisory, Corporate Development

• Verde Resources, Strategic Advisory, Project Formation & Property Acquisition

• Occidental Petroleum, Management Consultant, Oil & Gas, Sultinate of Oman

• Golder Associates, Organizational Strategist, Mining & Engineering

Lloyd Gale, Vice-President of Operations

Mr. Gale has 18 years of experience in exploration operations in Canada, Latin America and Africa. Lloyd brings a solid track record of results in challenging environments. He has conducted successful exploration and drilling programs in Mexico, Africa, BC and the Yukon.

• Anglo American, Operations, Africa

• Almaden, Operations, Mexico

• Boart Longyear, Supervisor, NWT & Venezuela

Page 4: Leviathan Corporate Presentation 2012

Team Mark J Pryor, Senior Consulting Geologist

Mr. Pryor has worked for junior, mid-tier and major mining companies worldwide, developing a proven record in the successful discovery of precious metal deposits. Mr. Pryor's experience includes over 25 years of precious metal exploration in Europe, Asia, South America, Africa and Mexico. His expertise includes the design and implementation of exploration programs from the grassroots stage through to advanced delineation and mine feasibility.

• Placer Dome, Mexico & CA • Candente Gold Corp • Monarch Resources

• Minefinders, Mexico • Viceroy Exploration, Mexico & SA

• Anglo American, Africa • Montero Mining & Exploration Ltd.

Anoush Ebrihami, Ph.D, Mine Engineer Advisory

Mr. Ebrihami has 19 years experience as a mine engineer and is well known for his expertise in open pit gold projects. He is a NI 43101 Qualified Person and has conducted many scoping and PEA studies.

• Tetra Tech • Wardrop • UBC Professor, Mine Egineering

Lorraine Pike, Director of Adminstration

Ms. Pike is a specialist in Corporate Administration and governace in the junior mining sector. She has broad experience in TSX listing and complience of public corporations.

Page 5: Leviathan Corporate Presentation 2012

Team Dale Brittliffe, Senior Geologist Advisory

Mr. Brittliffe has over 13 years experience in mineral exploration and mining projects in Australia, Canada and Mexico. He combines broad experience in the exploration, definition and processing of high-grade gold systems with a genuine enthusiasm for discovery.

• VP of Exploration, Astral Mining Corporation

• Parlane Resources, Senior Consulting Geologist

Marco Murillo, Field Geologist

Mr. Murillo has 7 years of experience in exploration geology. He has extensive experience in Latin America working with epithermal gold view systems. As an analyst for Infomine he reviewed hundreds of projects for economic viability.

• Project Feild Geologist: Ultra Uranium, CME, Goldcity

• Mining Analyst: Infomine & Resource World

• Field Geologist: Goldbrick

Rolando Guzman, Mexico Logistics Manager Mr. Guzman has 19 years of experience managing technical staff in manufacturing, construction and is well versed in the regulatory and cultural environment of business in Mexico.

Lawrence McGinnis, Independent Member of the Board: Mr. McGinnis is a retired lawyer with has 40 years of experience in corporate law and international business in the resource sector.

Page 6: Leviathan Corporate Presentation 2012

Corporate Company Summary:

Business Model: • Drill discovery and mine development

Listing: • Private with TSX-V IPO planned for fall 2012

• Completing NI 43101

Financing: • Current $2 million financing at 25¢

Share Structure: • 14,094,000 shares currently outstanding

• Management, Directors, Advisors: 91.0%

Valuation: • $3.4m, Supported by advanced project stage

• Near term possible resource & revenues

Cash Flow: • Well capitalized for current operations

• Completed $250k management seed round

Jurisdiction: • Canadian with Mexico & Nevada subsidiaries

Lead Asset: • San Juan, Sinaloa Mexico, advaning toward resource • Significant grades and intervals

Paul Gossen at the Hole 31

Trenching near hole 11

Page 7: Leviathan Corporate Presentation 2012

San Juan

San Juan: Leviathan’s Lead Project

• Low cost of ownership: • 100% ownership: $1.5m work, $497,500 and 700,000 shares

• Nearing Advanced Stage: • Extensive historic data and drilling

• 19 Recent samples show gold values from 0.47 to 229.00 g/t Au

• San Juan Cordon:

1.2 km vein with high grade surface samples up to 229.00 g/t au

• San Juan Valle:

Hole 11 Area: Outstanding US Gold intercepts

Using US Gold historic data, a non NI43101 compliant conceptual resource estimate has been developed in-house, which shows 533,000 Oz of Gold with a 1.24 g/t cut-off

•! In Sept 2008, US Gold announced 14 holes showing up to 27.2 g/t grades and intervals of up to 30m

•! Amid the chaos of the Sept 2008 economic collapse US Gold dropped the San Juan project

1850 Hectares Concession Area

San Juan is 1.5 hours North of Culiacan, in the Sierra Madre mineral belt.

Page 8: Leviathan Corporate Presentation 2012

US Gold 2008 Drill Program

•!NOTE: Previous drilling by US Gold was RAB drilling which may be subject to sample smearing

Page 9: Leviathan Corporate Presentation 2012

San Juan Cordon:

•! Possible targets for surface mining with high grades veins: Hole 36 14.45 g/t Au over 1.5m width

•! Possible bulk targets area: The 229 Area trenching program may present the discovery of significant high-grade surface mineralization. Sample assays include 229.0 g/t Au

Page 10: Leviathan Corporate Presentation 2012

229 Area

• The 229 area was originally though to contain waste rock from the historic mine under Hole 36

• Recent trenching may have presented the discovery of a larger in-situ high-grade surface

mineralization.

• This 229 Area ore has been assayed at 52.9, 63.2 and 229.0 g/t gold and 471.0 and 197.0 g/t silver

• A further trenching, auger and HQ core drill program is currently underway in the 229 Area

• This in-situ mineralization at surface may present the possibility of a viable near term ore hauling operation

200x enlargement of the 229 area ore. Note the

highly mineralized surface features

One of the trenches indicating the possibility

of further 229 area surface mineralization

Here a sample of 229 area ore is panned

into a 10x 400 g/t concentrate

Page 11: Leviathan Corporate Presentation 2012

Drilling Now Phase I Drilling

• 1800 meter HQ core drill program is currently underway on the San Juan property

• 4 Shallow Holes in the 229 Area may confirm a larger pattern of high-grade in-situ surface mineralization

• 20 Shallow Holes in the Hole 11 Area may begin to delineate an a proven resource

• 8 Holes in the San Juan Cordon are intended to initiate the definition of a larger resource area

• Assays will be conducted by ALS in Hermosillo.

Phase II Drilling

• A second 4000 meter deeper HQ core drill program is planned for April 2012

229 Area Sample Ore:

Highly altered rock from

the 229 Area trenching program.

Large Deposit Area Potential:

Cordon: 1.2 km of strike length.

Valle: 400 x 350 meter area.

1.2 km Strike

400x350m

Page 12: Leviathan Corporate Presentation 2012

Towards a Resource

Hole 11 infill drilling:

• The company is currently beginning an infill drill program in the hole 11 area

• The program consists 20 new HQ diamond drill holes based on a a 20-40m hole spacing, in addition to the 5 existing US Gold holes

• Using US Gold historic data, a non 43101 compliant conceptual resource estimate has been develop in-house, which shows 533,000 Oz Gold with a 1.24 g/t Au cutoff

• Drilling is currently underway. QA/QC, Assays, check assays and the development of a NI 43101 will continue in Q2 2012

• The company will be working toward a NI 43101 compliant measured and indicated resource

Page 13: Leviathan Corporate Presentation 2012

Work Program Completed & Near Term Work Programs:

Road work: Completed

US Gold GIS Mapping: Completed

Valle Drill Camp: Completed

Phase I drill program: In progress

229 Area trenching: In progress

Phase 2 Environmental permitting: In progress

Assays & 43101 Data collection: Ongoing

Phase II Pilot Production permitting Scheduled

The discovery of Hole 19

Marco Sampling the 229 Ore

HQ Core samples from Hole 19

Page 14: Leviathan Corporate Presentation 2012

Results

• Based on the existing conceptual and inferred resource model, Leviathan is developing a preliminary mine plan

• Phase II permitting and initial environment assessment to begin shortly

• Preliminary conceptual economics are currently underway

• The San Juan property may have significant potential for economic viability due to the high-grade near surface mineralization

• Hole 11 area shows strong large system potential. A conceptual in-situ model may demonstrate the potential for a resource valuation of $374 million

San Juan Adits: Numerous old workings

indicate previous small scale mining operations

Valle may demonstrate a larger fault system potiential

Page 15: Leviathan Corporate Presentation 2012

Exit Timeline for 2012 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Dec Jan

Phase I Drilling

Phase II Drilling

Finalize 43101

Finalize Audited Financials

Public Listing TSX-V

Phase III – In-Fill Drilling

San Juan Hill

Hole 19 core sample showing alteration

Page 16: Leviathan Corporate Presentation 2012

Opportunity Share structure:

• 14,094,000 shares outstanding as of 2/6/12

Management, Directors, Advisors 90.99% Investors 9.01%

• Company Valuation: $3.4 million.

• Marketplace valuations of comparable companies range from $10-13 million

Use of funds:

•! Phase I 1800m and Phase II 4000m drill program

•! Development of a NI 43101 technical report

•! Progression toward a possible proven resource

Hole 31 shows a thicker vein with a halo area above and below. This surface and

near surface exposure creates an optimal low strip ratio for surface mining

An old adit and drift left over from the historic small scale production at Adit 30

Page 17: Leviathan Corporate Presentation 2012

Opportunity Share Offering:

• The company is financing $2 million

• A $250,000 seed round was completed by management in Dec 2011

• A current $2,000,000 private placement financing

at 25¢ is underway

• A TSX-V IPO is planned for fall 2012

• Take Action:

Contact [email protected] or call 604 872-4300

Road Construction is complete

Core Removal at Hole 19 Drilling camp