mayo gold presentation november 2009

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Private and Confidential November 2009

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Page 1: Mayo Gold  Presentation November 2009

Private and ConfidentialNovember 2009

This presentation may contain forward looking statements including but not limited to information regarding geological interpretations resources potential timing and content of exploration programs production schedules and projections receipt of permits company financings etc

Forward looking statements refer to events and conditions which have not yet taken place and therefore involve inherent risks and uncertainties Actual results may differ materially from those anticipated in these statements Mayo relies on litigation protection for forward looking statements

Pedro Villagran Garcia MBA President amp CEO

Involved in junior resource sector for 14 years Founder of Sierra Madre Gold Corporation former director for Farallon resources Ltd Very strong relationships within the Mexican Federal Government Mr Villagran Garcia has a good track record with exploration projects and a producing mine in Mexico and has is recognized for his capital raising abilities Mr Villagran Garcia holds a MBA from Insituto Tecnologico de Estudios Superiores de Monterrey (ITESM) Mexicorsquos 1 business school

David Dunn BSC Geology Member of the Advisory Board

Mr Dunn is a senior geologist with over thirty five years of experience in the minerals explorationmining industry This experience has included work on many deposit types primarily epithermal gold deposits copper porphyry deposits and volcanogenic massive sulphide deposits He has provided Geological consulting and management services to a number of public and private mineral exploration companies such as Tres-Or Resources Ltd Uganda Gold Mining Ltd Golden Goliath Resources Ltd Consolidated Silver Tusk Mines Ltd and ESM Resources Ltd He has also acted as President amp CEO and Director of Golden River Resources Inc He currently is with Auramex Resource Corp as a Director and Geological Consultant

Pedro Villagran Garcia James Briscoe Joseph Berry Simon Dorey CA ACA -chartered

accountant in UK amp Canada 25 years experience with established and start-up companies in Canada the UK and the US Worked with mining projects in the US Greenland Ghana and Mexico Expertise in business planning and development financing operations and public company reporting

Sergio Lopez RiveraMining attorney with 43 years experience in the Mexican Mining Bureau Assisted in the preparation of the Mexican Mining Law implemented in 1994 that opened the door for foreign investors

Pedro Villagran Garcia Victor Garcia Jimenez

Mining Attorney

Shares $CDN

Project Purchase (partial) 5480100 Private Placements (Canada amp US) 3783614 31076923$

30 was spent in Mexico on legal fees property acquisition taxes and salaries70 was spent in Canada on promotion consulting fees and corporate overhead

Project Shares Less Commission

Founders Shares amp Float 9000000 Raise $500000 $020share 2500000 50000$ IPO $3000000 $060share 5000000 1800000$ Options 1000000 500000$ Warrants 2500000 2200000$ Fully Diluted 20000000 4500000$

Project Canadian $Drilling amp Sampling 21000000$ Access Roads 2000000$ Camp amp Equipment 1500000$ Report Preparation 2500000$ Unallocated amp Corporate Expenditures 23000000$ Total 50000000$

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
Page 2: Mayo Gold  Presentation November 2009

This presentation may contain forward looking statements including but not limited to information regarding geological interpretations resources potential timing and content of exploration programs production schedules and projections receipt of permits company financings etc

Forward looking statements refer to events and conditions which have not yet taken place and therefore involve inherent risks and uncertainties Actual results may differ materially from those anticipated in these statements Mayo relies on litigation protection for forward looking statements

Pedro Villagran Garcia MBA President amp CEO

Involved in junior resource sector for 14 years Founder of Sierra Madre Gold Corporation former director for Farallon resources Ltd Very strong relationships within the Mexican Federal Government Mr Villagran Garcia has a good track record with exploration projects and a producing mine in Mexico and has is recognized for his capital raising abilities Mr Villagran Garcia holds a MBA from Insituto Tecnologico de Estudios Superiores de Monterrey (ITESM) Mexicorsquos 1 business school

David Dunn BSC Geology Member of the Advisory Board

Mr Dunn is a senior geologist with over thirty five years of experience in the minerals explorationmining industry This experience has included work on many deposit types primarily epithermal gold deposits copper porphyry deposits and volcanogenic massive sulphide deposits He has provided Geological consulting and management services to a number of public and private mineral exploration companies such as Tres-Or Resources Ltd Uganda Gold Mining Ltd Golden Goliath Resources Ltd Consolidated Silver Tusk Mines Ltd and ESM Resources Ltd He has also acted as President amp CEO and Director of Golden River Resources Inc He currently is with Auramex Resource Corp as a Director and Geological Consultant

Pedro Villagran Garcia James Briscoe Joseph Berry Simon Dorey CA ACA -chartered

accountant in UK amp Canada 25 years experience with established and start-up companies in Canada the UK and the US Worked with mining projects in the US Greenland Ghana and Mexico Expertise in business planning and development financing operations and public company reporting

Sergio Lopez RiveraMining attorney with 43 years experience in the Mexican Mining Bureau Assisted in the preparation of the Mexican Mining Law implemented in 1994 that opened the door for foreign investors

Pedro Villagran Garcia Victor Garcia Jimenez

Mining Attorney

Shares $CDN

Project Purchase (partial) 5480100 Private Placements (Canada amp US) 3783614 31076923$

30 was spent in Mexico on legal fees property acquisition taxes and salaries70 was spent in Canada on promotion consulting fees and corporate overhead

Project Shares Less Commission

Founders Shares amp Float 9000000 Raise $500000 $020share 2500000 50000$ IPO $3000000 $060share 5000000 1800000$ Options 1000000 500000$ Warrants 2500000 2200000$ Fully Diluted 20000000 4500000$

Project Canadian $Drilling amp Sampling 21000000$ Access Roads 2000000$ Camp amp Equipment 1500000$ Report Preparation 2500000$ Unallocated amp Corporate Expenditures 23000000$ Total 50000000$

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
Page 3: Mayo Gold  Presentation November 2009

Pedro Villagran Garcia MBA President amp CEO

Involved in junior resource sector for 14 years Founder of Sierra Madre Gold Corporation former director for Farallon resources Ltd Very strong relationships within the Mexican Federal Government Mr Villagran Garcia has a good track record with exploration projects and a producing mine in Mexico and has is recognized for his capital raising abilities Mr Villagran Garcia holds a MBA from Insituto Tecnologico de Estudios Superiores de Monterrey (ITESM) Mexicorsquos 1 business school

David Dunn BSC Geology Member of the Advisory Board

Mr Dunn is a senior geologist with over thirty five years of experience in the minerals explorationmining industry This experience has included work on many deposit types primarily epithermal gold deposits copper porphyry deposits and volcanogenic massive sulphide deposits He has provided Geological consulting and management services to a number of public and private mineral exploration companies such as Tres-Or Resources Ltd Uganda Gold Mining Ltd Golden Goliath Resources Ltd Consolidated Silver Tusk Mines Ltd and ESM Resources Ltd He has also acted as President amp CEO and Director of Golden River Resources Inc He currently is with Auramex Resource Corp as a Director and Geological Consultant

Pedro Villagran Garcia James Briscoe Joseph Berry Simon Dorey CA ACA -chartered

accountant in UK amp Canada 25 years experience with established and start-up companies in Canada the UK and the US Worked with mining projects in the US Greenland Ghana and Mexico Expertise in business planning and development financing operations and public company reporting

Sergio Lopez RiveraMining attorney with 43 years experience in the Mexican Mining Bureau Assisted in the preparation of the Mexican Mining Law implemented in 1994 that opened the door for foreign investors

Pedro Villagran Garcia Victor Garcia Jimenez

Mining Attorney

Shares $CDN

Project Purchase (partial) 5480100 Private Placements (Canada amp US) 3783614 31076923$

30 was spent in Mexico on legal fees property acquisition taxes and salaries70 was spent in Canada on promotion consulting fees and corporate overhead

Project Shares Less Commission

Founders Shares amp Float 9000000 Raise $500000 $020share 2500000 50000$ IPO $3000000 $060share 5000000 1800000$ Options 1000000 500000$ Warrants 2500000 2200000$ Fully Diluted 20000000 4500000$

Project Canadian $Drilling amp Sampling 21000000$ Access Roads 2000000$ Camp amp Equipment 1500000$ Report Preparation 2500000$ Unallocated amp Corporate Expenditures 23000000$ Total 50000000$

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
Page 4: Mayo Gold  Presentation November 2009

David Dunn BSC Geology Member of the Advisory Board

Mr Dunn is a senior geologist with over thirty five years of experience in the minerals explorationmining industry This experience has included work on many deposit types primarily epithermal gold deposits copper porphyry deposits and volcanogenic massive sulphide deposits He has provided Geological consulting and management services to a number of public and private mineral exploration companies such as Tres-Or Resources Ltd Uganda Gold Mining Ltd Golden Goliath Resources Ltd Consolidated Silver Tusk Mines Ltd and ESM Resources Ltd He has also acted as President amp CEO and Director of Golden River Resources Inc He currently is with Auramex Resource Corp as a Director and Geological Consultant

Pedro Villagran Garcia James Briscoe Joseph Berry Simon Dorey CA ACA -chartered

accountant in UK amp Canada 25 years experience with established and start-up companies in Canada the UK and the US Worked with mining projects in the US Greenland Ghana and Mexico Expertise in business planning and development financing operations and public company reporting

Sergio Lopez RiveraMining attorney with 43 years experience in the Mexican Mining Bureau Assisted in the preparation of the Mexican Mining Law implemented in 1994 that opened the door for foreign investors

Pedro Villagran Garcia Victor Garcia Jimenez

Mining Attorney

Shares $CDN

Project Purchase (partial) 5480100 Private Placements (Canada amp US) 3783614 31076923$

30 was spent in Mexico on legal fees property acquisition taxes and salaries70 was spent in Canada on promotion consulting fees and corporate overhead

Project Shares Less Commission

Founders Shares amp Float 9000000 Raise $500000 $020share 2500000 50000$ IPO $3000000 $060share 5000000 1800000$ Options 1000000 500000$ Warrants 2500000 2200000$ Fully Diluted 20000000 4500000$

Project Canadian $Drilling amp Sampling 21000000$ Access Roads 2000000$ Camp amp Equipment 1500000$ Report Preparation 2500000$ Unallocated amp Corporate Expenditures 23000000$ Total 50000000$

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
Page 5: Mayo Gold  Presentation November 2009

Pedro Villagran Garcia James Briscoe Joseph Berry Simon Dorey CA ACA -chartered

accountant in UK amp Canada 25 years experience with established and start-up companies in Canada the UK and the US Worked with mining projects in the US Greenland Ghana and Mexico Expertise in business planning and development financing operations and public company reporting

Sergio Lopez RiveraMining attorney with 43 years experience in the Mexican Mining Bureau Assisted in the preparation of the Mexican Mining Law implemented in 1994 that opened the door for foreign investors

Pedro Villagran Garcia Victor Garcia Jimenez

Mining Attorney

Shares $CDN

Project Purchase (partial) 5480100 Private Placements (Canada amp US) 3783614 31076923$

30 was spent in Mexico on legal fees property acquisition taxes and salaries70 was spent in Canada on promotion consulting fees and corporate overhead

Project Shares Less Commission

Founders Shares amp Float 9000000 Raise $500000 $020share 2500000 50000$ IPO $3000000 $060share 5000000 1800000$ Options 1000000 500000$ Warrants 2500000 2200000$ Fully Diluted 20000000 4500000$

Project Canadian $Drilling amp Sampling 21000000$ Access Roads 2000000$ Camp amp Equipment 1500000$ Report Preparation 2500000$ Unallocated amp Corporate Expenditures 23000000$ Total 50000000$

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
Page 6: Mayo Gold  Presentation November 2009

Sergio Lopez RiveraMining attorney with 43 years experience in the Mexican Mining Bureau Assisted in the preparation of the Mexican Mining Law implemented in 1994 that opened the door for foreign investors

Pedro Villagran Garcia Victor Garcia Jimenez

Mining Attorney

Shares $CDN

Project Purchase (partial) 5480100 Private Placements (Canada amp US) 3783614 31076923$

30 was spent in Mexico on legal fees property acquisition taxes and salaries70 was spent in Canada on promotion consulting fees and corporate overhead

Project Shares Less Commission

Founders Shares amp Float 9000000 Raise $500000 $020share 2500000 50000$ IPO $3000000 $060share 5000000 1800000$ Options 1000000 500000$ Warrants 2500000 2200000$ Fully Diluted 20000000 4500000$

Project Canadian $Drilling amp Sampling 21000000$ Access Roads 2000000$ Camp amp Equipment 1500000$ Report Preparation 2500000$ Unallocated amp Corporate Expenditures 23000000$ Total 50000000$

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
Page 7: Mayo Gold  Presentation November 2009

Shares $CDN

Project Purchase (partial) 5480100 Private Placements (Canada amp US) 3783614 31076923$

30 was spent in Mexico on legal fees property acquisition taxes and salaries70 was spent in Canada on promotion consulting fees and corporate overhead

Project Shares Less Commission

Founders Shares amp Float 9000000 Raise $500000 $020share 2500000 50000$ IPO $3000000 $060share 5000000 1800000$ Options 1000000 500000$ Warrants 2500000 2200000$ Fully Diluted 20000000 4500000$

Project Canadian $Drilling amp Sampling 21000000$ Access Roads 2000000$ Camp amp Equipment 1500000$ Report Preparation 2500000$ Unallocated amp Corporate Expenditures 23000000$ Total 50000000$

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

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Page 8: Mayo Gold  Presentation November 2009

Project Shares Less Commission

Founders Shares amp Float 9000000 Raise $500000 $020share 2500000 50000$ IPO $3000000 $060share 5000000 1800000$ Options 1000000 500000$ Warrants 2500000 2200000$ Fully Diluted 20000000 4500000$

Project Canadian $Drilling amp Sampling 21000000$ Access Roads 2000000$ Camp amp Equipment 1500000$ Report Preparation 2500000$ Unallocated amp Corporate Expenditures 23000000$ Total 50000000$

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

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Page 9: Mayo Gold  Presentation November 2009

Project Canadian $Drilling amp Sampling 21000000$ Access Roads 2000000$ Camp amp Equipment 1500000$ Report Preparation 2500000$ Unallocated amp Corporate Expenditures 23000000$ Total 50000000$

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

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  • Slide 2
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  • Slide 4
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Page 10: Mayo Gold  Presentation November 2009

Project Canadian $San Marcial and known projects 150000000$ Minerva 16800000$ Early Stage Projects 30400000$ Generative Exploration 15600000$ Canada GampA 9050000$ Mexico G amp A 25400000$ Unallocated 52750000$ Total 300000000$

The price of this 50c financing could be reset depending on market conditions

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

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  • Slide 2
  • Slide 3
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Page 11: Mayo Gold  Presentation November 2009

In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine

Sediment-hosted gold deposit with near identical geology to Santa Gertrudis

Multi-million ounce potential 43-101 Report Complete Drill ready in under six months

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

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Page 12: Mayo Gold  Presentation November 2009

Papago Location Photo

Blowup of the Papago Area

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

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Page 13: Mayo Gold  Presentation November 2009

Minor production from Otates area in 1930s Teck Cominco drilled four holes on San

Marcial in 1991 Queenstake Soil Geochemistry shows

anomalous Au Ag and Cu on a 12 square kilometer surface area

43-101 Report completed by Scott Wilson RPA in June 2007 Will need modification if we go to drilling immediately

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

  • Slide 1
  • Slide 2
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Page 14: Mayo Gold  Presentation November 2009

Alteration on the Papago Claim

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

  • Slide 1
  • Slide 2
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Page 15: Mayo Gold  Presentation November 2009

Remap and resample area of Queenstake Drilling (verification)

Target Drill Testing (core) Step-out and fill-in drilling (RC) Mapping and Sampling within the primary

exploration area

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

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Page 16: Mayo Gold  Presentation November 2009

Projects with a lower exploration priority to be worked on as timemoney personnel are available

Possible replacements should Papago fail Ag-Pb-Zn project in north-central Mexico Surface

sampling suggests 10 Pb 450 gt Ag potential Copper-gold play in Sonora Sediment hosted Au-Ag in central Mexico (15

kgt Ag sample from gambusino pit) Diorite porphyry copper in central Mexico La Choya-type gold prospect in northern Sonora One or more could be drill-ready in 9 to 12

months if financing available

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

  • Slide 1
  • Slide 2
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Page 17: Mayo Gold  Presentation November 2009

Experienced Geos trained by Hecla Teck Pan American Phelps Dodge Silver Standard etc Almost 100 years of combined experience Survived every economic downturn since 1980

So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round

Mayo Gold currently has 100 shareholders Have a historic resource nearly drill-ready Believe the time to invest larger dollar amounts is in

a boom market C$4 million market cap (net of cash after PP and

misc expenses) provides tremendous leverage to exploration success

While our competitors are staying home we are acquiring projects for the future lsquothe time to be greedy is when others are panickingrsquo ndash Warren Buffet

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

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Page 18: Mayo Gold  Presentation November 2009

Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools

At $1000oz this is worth 4 trillion USD 75 held privately in jewelry the rest in

government vaults Current production about 2600tyr 1048756 Cost

of production $300-400oz very sensitive to cost of energy

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