mercer gold presentation march 2011

Exploring for Gold,

Silver and Copper

in Colombia

MARCH 2011

MERCER GOLD CORPORATIONTSXV: Pending | OTCQB: MRGP | FSE: AN4

www.mercergoldcorp.comThe information contained herein may contain forward looking statements. The reader is cautioned that

assumptions used in the preparation of such information, although considered reasonably accurate by Mercer

Gold Corporation (MGC) at the time of preparation, may prove to be incorrect. The actual results achieved may

vary from the information contained herein and the variations may be material. Consequently, there is no

representation or warranty made by MGC or any of its officers, directors, affiliates or assigns that actual results

achieved during the forecasted period will be the same in whole or part. Nothing in this presentation should be

construed as either an offer to sell or a solicitation of an offer to buy or sell.

Why Colombia? Land of new discoveries.

• President Juan Manuel Santos continues progressive

policy to increase national security and political stability,

which has led to record levels of Foreign Direct

Investment (FDI);

– Santos was the former Minister of National

Defence for previous President Uribe;

• 2009 FDI was approximately $7 billion – Mining FDI was

$2.9 billion (41%);

• Over 30 Canadian public companies working in

Colombia with more than $500 million invested in 2010;

– Have inferred over 21 million ounces in total;

Select News:

March 2, 2011: Ventana accepts the $1.43-billion takeover

bid from Brazilian billionaire Eike Batista;

October 14, 2010: Bateroannounces closing of

CDN$15,750,000 private placement financing;

December 15, 2010: Sunward announces up to $51.3

million financing anchored by strategic investor;

September 16, 2010:Continental Gold announces closing

of $68,400,000 private placement financing;

August 23, 2010: Gran Colombia completes

$275,000,0000 private placement;

December 31, 2010:Seafield closes

$15-million private placement

CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011 2

Why Mercer? Proximity to major discovery.

• Adjacent to and on strike from a 9.8 million ounce discovery that is expanding;

• 43-101 technical report states we have the same host rocks, structural trends, styles of mineralization and types

of alteration;

Why Invest in Mercer Gold?

-50%

0%

50%

100%

150%

200%

250%

300%

350%

Bellh

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Contin

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Waym

ar

Seafie

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Sunw

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Arc

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Auro

Venta

na

Mira

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Caeru

s

Antio

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B2gold

Galw

ay

Bandera

Eagle

cre

st

Medoro

Colo

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n

Gre

ysta

r

Ald

er

Price Performance (6 mos)

• Executing 25,000

meter drill program

in 2011 with partial

results received to

date;

• We are in process

of a TSX Venture

listing with a

proposed

concurrent

financing;

• Strong share price

performance by

Colombian gold

companies.


Comparable Valuation Table, Colombia


Company Project Stage Price Mkt Cap EV Inferred M&I Total M&I+I

EV/ Total

Res

(mm) (mm) MT g/t Au

Au Oz.

(mm) MT g/t

Au Oz.

(mm) Au Oz. (mm)

Ventana Gold Corp. La Bodega Development $13.04 $1,334.0 $1,274.1 27.80 3.9 3.80 0.00 0.0 0.00 3.80 $334.93

Continental Gold Ltd. Buritica Exploration $10.20 $1,004.7 $911.7 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Medoro Resources Ltd. Marmato Development $2.36 $335.6 $315.6 226.00 0.9 7.17 116.00 0.9 3.68 10.86 $29.07

Batero Gold Corp. Batero-Quinchia Exploration $5.91 $252.4 $235.5 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Greystar Resources Ltd. Angostura Development $3.79 $319.2 $212.3 364.61 0.8 10.67 30.11 1.4 1.48 12.15 $17.47

Sunward Resources Ltd Titiribi Development $1.85 $239.0 $167.6 230.00 0.5 4.06 0.00 0.0 0.00 4.06 $41.32

CB Gold Inc. Vetas Exploration $1.04 $130.1 $130.7 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Galway Resources Ltd. Vetas Exploration $1.22 $130.3 $97.9 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

B2gold Corporation(1) Gramalote Development $2.62 $884.5 $96.9 74.40 1.0 2.62 0.00 0.0 0.00 2.62 $36.94

Bellhaven Copper & Gold Inc. La Mina Exploration $0.78 $64.3 $60.1 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Waymar Resources Ltd. Anza Exploration $1.40 $46.9 $43.9 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Seafield Resources Limited Miraflores Development $0.41 $45.1 $41.1 18.65 1.3 0.85 0.00 0.0 0.00 0.85 $48.24

Antioquia Gold, Inc. Cisneros Exploration $0.36 $29.1 $27.6 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Mercer Gold Corp. Guayabales Exploration $0.37 $25.4 $25.5 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Colombia Crest Gold Corp. Fredonia Exploration $0.41 $25.8 $24.9 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Miranda Gold Corp. Pavo Real Exploration $0.63 $33.0 $22.8 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Colombian Mines Corporation Yarumalito Exploration $0.79 $18.1 $16.1 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Bandera Gold Ltd. Belmira Exploration $0.17 $12.7 $12.0 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Caerus Resource Corporation Buritica Exploration $0.55 $11.9 $11.6 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Auro Resources Corp. El Tesoro Exploration $0.18 $5.9 $4.6 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Alder Resources Ltd. La Montanita Development $0.19 $7.7 $4.0 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Arcturus Ventures Inc. Nus Exploration $0.14 $5.4 $3.7 0.00 0.0 0.00 0.00 0.0 0.00 0.00 NA

Average $84.66

Adj Average(2) $38.89

As at March 3, 2011

(1) Enterprise Value represents Gramalote transaction metrics

(2) Excludes max and min values

Mercer Gold Corp. Profile (OTCQB:MRGP; FSE: AN4)

Mercer Gold Corp. is drilling to define

resources at its Guayabales Gold Project 43-101 by Dean Turner, CPG, Feb. 8, 2011

TSXV LISTING & PROPOSED FINANCING

Highlights:

"The similarities between Guayabales and Marmato are

confirmed and include a number of key elements, including

the same: host rocks, structural trends, styles of

mineralization, and types of alteration.“

"MGC has identified a bulk-tonnage, precious metals

porphyry gold target. In addition, there remains significant

exploration potential for higher grade gold-silver Encanto

Zone mineralization...“

"...The exploration target area at Guayabales not only

includes the broad lateral projection of the Marmato-

Echandia trends onto the property, but as well, a potentially

significant projection to depth.“

Download February 8, 2011 43101:

http://www.mercergoldcorp.com/index.php?option=com_con

tent&view=article&id=80&Itemid=108&lang=en

• Proposed $7,875,000 brokered, private-

placement financing consisting of a $0.30

common share with a eighteen month half

warrant at $0.50 to raise up to 26,250,000 or

$7,875,000;

• Use: $5,750,000 exploration; $960,000 G&A;

$300,000 property payments; $392,500

unallocated;

Share Structure [as at 12.29.2010]

Issued & Outstanding: 68,637,500

Restricted: 25,600,000

Free trading: 43,037,500

Options outstanding: 6,050,000 @ $0.50

Generates: $3,025,000

Warrants: 2,200,000 @ $1.00

Generates: $2,200,000

Fully Diluted:77,187,500


http://www.mercergoldcorp.com/index.php?option=com_content&view=article&id=80&Itemid=108&lang=en



Guayabales Au, Ag, Cu project

• Historically under-explored project in the Middle Cauca gold belt covering 247 Ha;

• 16 artisinal mines operated by a legalized co-operative of 15 families;

• Briefly explored in 2006 & 2008:

– Colombia Gold: 43101 excerpt (page 46, section 12.2.1), “Their work deliniated significant gold mineralization…”

– Colombian Mines: 43101 excerpt (page 50, section 12.2.2), “…Guayabales mines identify a distinctive northwest-

southeast striking, high-grade gold zone.”

• Excellent infrastructure including roads, electricity, water and surface permits in place;

• 4 distinct geological-geochemical anomalies defined for follow up;

• Initial work identifies Marmato-style mineralization;


Marmato Area Map, Geochem Au Overlay &Drill Program


Supplement: Current Drilling

Drill Hole

Drill Interval

From To LengthEst. True

WidthGold Silver

Meters Meters Meters Meters g/T g/T

MGDH-01 20.8 42.5 21.7 18.0 1.702 28.43

Including 28.8 42.5 13.7 11.4 2.361 37.96

MGDH-01A 30.0 44.0 14.0 11.6 2.120 15.54

Including 24.0 44.0 20.0 16.6 1.713 12.50

Also 22.0 44.0 22.0 18.2 1.585 12.63

MGDH-02 70.0 74.0 4.0 2.6 2.000 33.50

Including 108.0 112.0 4.0 2.6 0.741 7.00

MGDH-03 201.0 226.0 25.0 20.73 0.658 88.93

Including 201.0 215.2 14.2 11.77 0.969 149.47

Including 201.0 208.0 7.0 5.80 1.152 292.43

MGDH-03 498.0 506.0 8.0 6.63 1.959 2.00


Management

Ed Flood, Advisor

Mr. Flood has over 35 years of experience in international mining and was previously

the Deputy Chairman of Ivanhoe Mines Ltd. and its founding President. Prior to

joining Ivanhoe, Mr. Flood was a principal at Robertson Stephens & Co., an investment

bank in San Francisco where he was a member of the investment team for the

Contrarian Fund, a public mutual fund focused on natural resource development

projects around the world. He has held the position of senior mining analyst with a

prominent Canadian securities firm and holds both a bachelor’s and master’s degree in

Geology. He currently serves as Chairman of Western Uranium Corp. and Western

Lithium Corp., which are both publicly traded companies listed on the Toronto Stock

Exchange. He was Managing Director, Investment Banking, Haywood Securities (UK)

Ltd. from March 2007 to February 2010.

Dev Randhawa, Chairman

Since 2007, Mr. Randhawa has remained the Chairman and CEO of Fission

Energy Corp. which has focused on the uranium exploration in

Saskatchewan. Mr. Randhawa founded Strathmore Minerals Corp. in 1996 and

remained CEO until September 2008. Fission Energy Corp. was spun out of

Strathmore Minerals Corp. in 2007. In 2006, Mr. Randhawa founded and was

Chairman and CEO of Pacific Asia China Energy Inc., which was sold to Green

Dragon Gas wholly owned subsidiary, Greka China Ltd. for $35.18 million in

2008.


Management

Rahim Jivraj, President & Director

Prior to founding Mercer Gold Corporation in 2010, Rahim Jivraj, age 33, was a

venture capitalist and entrepreneur. Jivraj was the founding CEO and Director of

Spring & Mercer Capital Corporation; a Toronto Stock Exchange Venture listed Capital

Pool Company ® whose primary objective was to seek business opportunities for

public equity financing. From 2007 to 2008, he served as President and Director of

Mainland Resources, an oil and gas company, and now serves on the company’s

Board of Directors. He has also served on the board of Afrasia Mineral Fields and

Hastings Resources, both listed on the TSX Venture Exchange.

James Stonehouse, VP Exploration & Director

James M. Stonehouse is an experienced mining and resource manager with a long

history of field experience in South America which began in 1976. He has been

directly responsible for management and strategic development of over 20 mines,

many with significant ore bodies and sophisticated mining techniques. Most recently,

he was project manager and in charge of all supervision developing the feasibility of a

16,000-tpd heap leach SX-EW copper project, including supervision of metallurgical

testing, process design, acquisition, and permitting. He has played a prominent role in

the management of numerous mining companies over the years in his positions as

Executive Vice President, VP of Operations, VP of Exploration, General Manager,

Mine Manager and lead independent consultant. James Stonehouse

holds a Masters degree in Geology from Dartmouth College.


Management

Bill Thomas, CFO & Director

William D. (Bill) Thomas has a lengthy career in finance and accounting for the natural

resource sector spanning more than 30 years. Most prominently, he has held various

management positions with Kerr McGee Corporation’s China operations in Beijing,

China, ending in 2004 with his final position as Director of Business Services. Recently,

Mr. Thomas resigned from NWT Uranium Corp and as CFO for Hana Mining and has

been appointed the CFO for both Mainland Resources and Mira Resources Corp. Mr.

Thomas attained his Chartered Accountant (CA) designation from the Canadian

Institute of Chartered Accountants in 1977. He holds an Honours Bachelor of

Commerce and Finance degree from the University of Toronto, Ontario, Canada.

Lorne Gertner, Director

Lorne M. Gertner is the Chairman and CEO of Hill &Gertner Capital Corporation, an

investment merchant bank and limited market dealer, which has been involved in over

$1 billion of transactions; most notably Eaton’s, Dylex and Hip Interactive. He is also

currently the CEO of New Urban Developers, an urban development company focused

on development opportunities in Toronto, Canada. Mr. Gertner is a graduate of the

University of Toronto with a degree in Architecture. As an Institute-certified Director

from the Rotman School of Management, he has served as a board member in various

public companies, including Bayview Public Ventures (TSX:BPV.P), Spring & Mercer

Capital Corporation (TSX.V:SPN.H), Lonsdale Public Ventures (TSXV:LON.P) and

Cynapsus Therapeutics Inc. (TSXV:CTH).


Supplement: Historical Drilling


Gold equivalent values were calculated using metal prices of $600/oz for gold, $9.75 for silver, $2.25/lb for

copper, $0.45/lb for lead. $0.45/lb for zinc and $24.75/lb for molybdenum. No attempt has been made to

factor recoverable values at this early stage. The “Gold Equivalent” values stated are for comparative

purposes only and are not intended to imply recoverable economic values

Drill Hole

Drill Interval

From To Length Gold Silver Copper Lead Zinc Moly Gold

Equiv.

Meters Meters Meters g/T g/T ppm ppm ppm ppm g/T

GDH-1 15.55 45.20 29.7 0.75 8.09 320 276 317 13.5 1.02

Including 15.55 20.30 4.8 3.32 16.86 149 897 1,077 2.1 3.73

GDH-1 188.75 195.80 7.1 1.54 22.29 271 5,163 5,595 6.3 2.48

Including 194.60 195.80 1.2 5.12 43.75 421 11,771 11,970 10.2 7.06

GDH-4 87.85 93.50 5.7 2.55 27.61 434 4,654 6,682 3.6 3.64

Including 90.75 93.50 2.8 4.92 50.45 791 9,512 13,689 8.1 7.03

GDH-7 50.25 72.10 21.9 2.43 16.49 184 3,208 4,364 1.2 3.10

Including 50.25 53.40 3.2 11.00 42.99 395 12,265 15,473 0.5 13.09

Drill Hole

Drill Interval

From To Length Gold Silver Copper Lead Zinc Moly Gold

Equiv. *

Meters Meters Meters g/T g/T ppm ppm ppm ppm g/T

GDH08 87 117.85 30.85 1.16 17.04 229 2922 3665 4 1.59

Including 95.5 99.25 3.75 4.81 32.71 412 3914 5222 1 5.63

GDH09 * No significant intercepts

GDH10 * 76 88.50 12.50 0.77 10.12 288 1111 2140 7 1.02

Including 76 78.05 2.05 3.45 33.60 500 5306 10000 2 4.29

GH11 No significant intercepts

GDH12 No significant intercepts

GDH13 91.8 103.60 11.8 3.11 15.26 360 1019 1486 10 3.49

Including 97.9 101.00 3.1 10.82 18.70 491 1776 2395 9 11.29

GDH14 78.9 122.95 43.87 1.24 18.52 526 287 404 15 1.70

Including 96.45 97.50 1.05 18.45 16.60 309 713 678 14 18.86

Also 108.95 110.55 1.6 3.09 11.00 123 234 309 2 3.36

Also 117.95 122.95 5 2.44 67.56 648 10915 1063 9 4.13

GDH15 55.6 72.00 18.4 0.29 14.18 398 94 172 10 0.64

And 110.1 139.45 27.8 1.35 13.18 158 427 518 6 1.68

GDH16 * No significant intercepts

GDH17 No significant intercepts

Supplement: Historical Drilling

* Drilled using man-portable core rig to test near-surface mineralization


Mr. Robert James Metcalfe

• Non-Executive Independent Chairman of the Board & Director

• Counsel to Metcalfe, Blainey& Burns LLP since January 2001; senior partner with

the law firm Lang Michener LLP for 20 years and President & Chief Executive

Officer of Armadale Properties for 7 years

• Currently serves as director on a number of boards including Alange Energy

Corp., Air IQ Inc., NXA Inc., ION Inc. of England and Envirotower Inc.

Mr. SerafinoIacono

• Interim President , CEO & Director

• Over 20 years experience in capital markets and public companies; raising more

than two billion dollars for numerous natural resource projects internationally

• Co-founded Medoro and is currently the Executive Co-Chairman and director of

both Gran Colombia Gold Corp. and Pacific Rubiales Energy Ltd.

• Also co-founder of Bolivar Gold Corp. and involved in numerous resource and

business ventures in Colombia

Mr. Carlos Pinglo

• Current CFO and former Vice President of Medoro Resources

• Over 20 years experience in corporate finance, strategic planning, financial

reporting and mergers and acquisitions in both Latin America and Canada.

• Previously served as Finance Manager at Maple Leaf Foods Inc. and was

Corporate Controller at Silver Eagle Mines Inc. and Excellon Resources Inc.

Marmato 0.3 gram per tonne cut-off Mineral Resource

Medoro is actively drilling to

expand and upgrade gold

resources at Marmato Mountain

Executive Management Team

• Updated Mineral Resource Estimate Confirms Gold Resources of 6.6 Million Ounces Measured and Indicated and 3.2 Million Ounces Inferred at Marmato

•Medoro Intersects 120.50 Metres of 1.043 g/t Au and 57.90 Metres of 2.221 g/t Au at Its Marmato Project in Colombia

The above estimate is based on over 127,500 metres of diamond drilling and cross-

cut samples. In addition to 379 historical drill holes, the updated estimate reflects

results from 105 drill holes of a definition drilling program planned for 2010/11. A

further 60 drill holes have been completed since the cut-off date for this estimate and

another 237 drill holes are planned for 2011, the majority of which will be

underground drill holes aimed at upgrading inferred mineral resources to the

measured and indicated categories.

Recent Drilling Results

Medoro Resources Ltd. Profile (TSX:MRS)

14CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011

Guayabales & Marmato Comparison

15CONFIDENTIAL | CORPORATE PRESENTATION | MARCH 2011

Mercer Gold CorporationPresident, Rahim Jivraj

Symbol:MRGP–OTCQB; AN4 – FSE

T: +1.877.981.3130 | T: +1.604.681.3130 1620 – 200 Burrard Street, Vancouver, BC V6C3L6

E: [email protected]

mercer gold presentation march 2011

Investor Relations