MaverickGoldProject

ExpandingResourcesandAdvancingtoGoldProductionin2013

TSXV:AIA
October2012

ForwardLookingStatements

Some statements contained in this presentation are forwardlooking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forwardlooking statements include comments regarding mining and milling operations, mineral resource and reserve statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production. Historical resources in this presentation are historical estimates that predate NI 43101 and are not compliant with current definitions, and have not been verified by the company; consequently, they should not be relied on by investors.

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TheAurigaGoldOpportunity
NeartermObjective Achievegoldproductionin2013(+40,000opa)andexpandgoldresourcesto+onemillionounces Vision Expandgoldproductionto100,000oz/yearanddoublegoldresourcestogreaterthan2millionounces throughexpansion,newdiscoveriesandregional/sectorconsolidation StrategicAdvantage FavourableminingjurisdictioninManitobawithregionalinfrastructure Low$18millioncapitalrequirementtoresumeproductionutilizingexistingmineandmillinfrastructure Existingpermitsandminingleaseinplace,NOAforopenpitminingtobesubmittedinOctober2012 Reducedriskopenpitminestartup Underexploredregionalgoldbearinggeologicalenvironment Managementexperiencedatdiscovery,resourceexpansion,developmentandoperations SuperiorInvestmentOpportunity AttractivevaluationEnterpriseValue/ouncevs PeerCompanies StrongvaluationofPricetoCashFlow PathtoProduction
PropertyAcquisition November2010 InitialPuffy NI43101 Resource August2011 PuffyPEA OpenPit/UG January2012 InitialNokomis 43101 Resource CompleteMill Refurb

Test Mining Q12013

Production 2013 3

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ReFocusingonMaverickGoldProject,Manitoba
RestartofMiningOperationsPlannedfor2013
HistoryofPuffyMineDevelopment/Operations AurigaGoldDevelopmentatMaverick Neartermgoldproduction,withsignificant OperatedfromJan88toApr89byPioneerMetals explorationupside Produced29koz from19881989from370,000tonnes 65kmfromFlin Flon,15kmfromSherridon 1987Kilborn feasibilityrecommended500tpd mill: Nearoperatinggoldandbasemetalmines,rail Capex:~32mln in1987/88 lineandpowerinfrastructure Pioneeractuallybuiltmillwithcapacityof1,000tpd; PositivePEAonopenpitandU/Gminingprogram stillinexcellentconditiontoday Lowcapitalcostrequirementfor40,000oz Auperannumstartup($18.1millionCAPEX) 6.9kmu/gdriftingtoaverticaldepthof130m NPV(pretax5%):$95.4Million 1993Kilborn feasibility: (pretax8%):$79.6Million Resource:524,376oz @~7.6g/tAu IRR(pretax)84% Reserve:184,200oz @6.7g/tAu Explorationtargeting >1millionounces 1200 4.5 InitialNI43101,174,000ouncesIndicated, 4 1000 558,000ounces Inferred@~5.8g/tAu 3.5
800 Tonnage(tpd) 600 400 200 0 3 2.5 2 1.5 1 0.5 0 Tonnage Grade Grade(g/t)

Experiencedmanagement withaprovenrecordof minedevelopment, resourcediscovery andexpansion.

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Auriga GoldCapitalStructureandSharePrice
Auriga GoldCorp.(AIA:TSXV)
SharedataandcashpositionasofOctober2,2012 SharesOutstanding WarrantsandOptionsO/S FullyDiluted MarketCapitalization 54,652,980 28,013,768 82,666,748 $10.9million

AIA:TSXVSharePrice

CashPosition Debt Indicativetermsheetsforgoldloan facilitybeingreviewed*

$1.0million $0.9million

SignificantHolders
OptionsandWarrants No.of Warrants/ Options Options Commonsharewarrants 3,107,500 24,906,268 Avg. Exercise Price $0.27 $0.44 PioneerMetals(Barrick Gold) ClaudeResourcesInc. ManagementandDirectors InstitutionalHoldings XstrataCanada
Source:tmx.comandAuriga Gold

Ownership
8.2% 6.2% 5.2% 2.9% 2.4%

Expiringb/wOct2012 February2017
*For details see June 21, 2012 PR

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FundingOptions
GoldPrepayLoanAgreement:$23Million
IndicativeTermSheet Totalloan:$23million AurigaGoldscapitalexpenditures:$18.1million Loanrepayment:monthlygolddeliveries averaginglessthan20%ofscheduledgold production Term:repaymentover36monthsfollowinga6 monthgraceperiod Goldpricing:Flexibilitytosellatprevailingmarket rates Subjecttoduediligence

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AurigaGoldManagementandDirectors
Finance,DevelopmentandOperationalExpertiseinPlace
Gorden Glenn, Interim President & CEO, Director Over 20 years experience in the financial industry as Investment Banker (TD Securities and Desjardins) and Research Analyst as well as various roles in mining companies evaluating economic and technical validity of mostly Canadian projects. Vic Hugo, CMA, Financial Controller and CFO An accounting professional with over 15 years of international financial management experience, particularly in the mining and manufacturing sectors. Bruce Mackie, M.Sc., P.Geo., Geological and Technical Advisor Mr. Mackie is a professional geologist, with over 35 years of mining industry experience in Canada and internationally. He has a proven exploration record, having managed several successful projects in uranium, gold and base metals in senior positions with Noranda, Hemlo Gold and North American Palladium. Chris Irwin, LL.M., Director Mr. Irwin is President of Irwin Professional Corporation, a corporation providing legal services mainly to the natural resource sector. Brian Robertson, P.Eng., Director Over 30 years experience in corporate management, exploration programs, project management, mine permitting, construction, development and operation as well as the evaluations or corporate acquisitions. Mike Kernick, General Manager Mr. Kernick has over 20 years experience in underground and open pit mining operations, particularly in narrow vein gold mining. Formerly Mine Superintendent at the Lake Shore Gold, Bell Creek Mine, Underground Superintendent at Trelawneys Chester Mine and prior to that, Mine Manager at Liberty Mines Redstone Mine. Eric Loch, PMP, Projects Manager Mr. Loch has over 20 years experience successfully building capital projects with understanding of project engineering and construction in the mining and industrial sectors. He has held senior project management positions with DeBeers and Rio Tinto. Alison Tullis, Investor Relations Manager Eight years of investor relations experience in a variety of industry sectors most recently providing IR consulting services to mining companies.

James D.A. White, Director Mr. White is the Managing Partner of Baynes & White, a Torontobased pension and benefits actuarial consulting firm.

ExperienceinDiscovery,ResourceExpansion, MineDevelopmentandOperations
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MaverickGoldProject
ExistingInfrastructure PastAuProduction ResourceExpansionPotential
PastProducingPuffyMineandMillDevelopment Produced28,000oz from19881989 Existing1,000tpd millandprovidesstartupto productionatreducedcapitalcost Existingportalandramptoundergroundmine workings 2012PEAmineplan:recoveryof348,000oz over 7.5yearsatthePuffyDeposit ResourceExpansiontargeting>1Moz Gold ExpandandupgradegoldresourcesatPuffyand Nokomisdepositsbystepoutandinfilldrilling NumerousdrillingtargetsoutlinedfromVTEM surveyalong20kmgoldbearinghorizon Recentdrillingintersected7.63mwith125.08g/t AuatNokomis

MaverickGoldProject
PuffyDeposit GeologySurfacePlanandSection
A385 2.3m@ 12.6g/tAuand0.5 m@24.3g/tAu A383 2.0m @12.0g/tAu

A384 6.2m @7.6g/tAu

A381 1.7m @47.2g/tAu, incl.0.5m@ 145.5g/tAU

OPEN
NI43101ResourceEstimate(August2011) 174,000ouncesIndicated,558,000ouncesInferred

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MaverickGold PuffyMine
SurfacePlanandResourceModel
1000tpd Mill open

open
1.5kmstrike length,openon strikeandtoNE

3DmodellookingW

Portal/Rampto U/GMine
Underground workings Resources: Indicated Inferred Puffy Veins

3DmodellookingNW

open

N
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MaverickGoldProject PuffyMinePreliminaryEconomicAssessment
PEAFebruary2012 basedonAugust2011NI43101ResourceEstimate
AverageAnnualProduction: RecoverableGold1: MillingRate: MillRecovery: LifeofMine: TotalCAPEX: AverageLOMcashcost: 45,000oz/annumAu 348,000recoveredoz Au@avg.of5.8g/tAudiluted 20.3%fromopenpits;79.7%fromu/g 750tpd 90% 7.5years $18.1M (incl.$3.02mcontingency) CAD$949/oz
Goldprice,operatingcost, capitalcostsensitivityanalysis@8%NPV

UndiscountedCashFlow(pretax): $130.5M Payback: 20th month ofprocessingore NPV (pretax,5%) 2: $95.4M (pretax,8%)2: $79.6 M IRR(pretax): 84%
1. 2.

InitialMinePlaninFebruary2012PEA BasedongoldatUSD$1400/oz www.aurigagold.ca

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MaverickGoldProject PuffyMinePreliminaryEconomicAssessment
PEAFebruary2012 basedonAugust2011NI43101Resource Estimate

60000oz 50000oz 40000oz 30000oz

$1,400 $1,200 $1,000 $800 $600 Operating Cost/oz Total Op+Sust Cost/oz U/G

60000oz 50000oz 40000oz 30000oz 20000oz

$200,000,000 $175,000,000 $150,000,000 Ounces Recovered Cumulative CashFlowat $1400/ozAu Cumulative CashFlowat $1600/ozAu

OpenPit

$125,000,000 $100,000,000 $75,000,000 $50,000,000 $25,000,000 $0 $25,000,000

20000oz 10000oz oz

$400 $200

10000oz oz

112345678

$0

$50,000,000

112345678

Openpitcostanticipatedat$650/oz excludingsustainingcapital 20.3%ofgoldproductionfrominitial lowriskopenpitproduction $949/oz averageLOMoperatingcash costincluding$77/oz sustainingcapital

$18.1millionCapex to production $130.5millioncumulativecash flowat$1400/oz Paybackin20months

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MaverickGoldProject PuffyMine
LongitudinalSectionFacingWest
RecoveredOunces OpenPits: Pit1:20,760oz Pit2:4,950oz Pit3:6,060oz Pit4/5:37,740oz TotalPits:69,510oz UndergroundMining Areas: Area1:49,000oz Area2:124,000oz Area3:108,000oz Area4:23,000oz TotalUndergound: 304,000oz

Pit 1
Pit 1

Pit 2

Pit 3 Pit 4/5

AREA 1

AREA 4 AREA 2 AREA 3

Longitudinalsectionlookingwestshowingexistingundergroundworkings,proposedopenpits, andproposedstopes fromallzones.BasedonFebruary 2012PEAandAugust2011,NI43101Resource Estimate www.aurigagold.ca

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MaverickGoldProject
MaverickMill 1000tpd

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MaverickProject SignificantResourceExpansionPotential
Targetinginexcessof1,000,000 ouncesgold Welldefinedmajorregionalgold mineralizedstructureatthe northernborderofFlin Flon greenstonebelt Ongoingdrillprogramtoexpand resources MaverickPropertycoversover 20kmofstrikelength Targethaswelldefinedgeophysics trendwithseveralshowingsfound alongstrike InitialPuffyDepositNI43101Gold Resourcesof174,000oz Au Indicatedand558,000oz Historicalnearsurfaceresourcesat Nokomis,potentialmillfeedfor PuffyMill
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NokomisDeposit 68,523oz @6.1g/t PuffyDeposit andOnsiteMill

DrillholeA348 0.50m@23.68g/tAu

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MaverickGold NokomisDeposit
8kmNortheastfromtheMaverickMill
Potentialopenpitsatellitedeposit Confirmationdrillingprogramcomplete,A.C.A.Howe engagedtocompleteNI43101report,expectedinQ32012 Initialhighgradegoldintercepts 125.08g/tover7.6m(incl.1,830g/tover0.5m); 12.27g/tover5.2m; 5.1g/tover6.4m; 9.65g/tover5.6m(incl.62.23g/tover0.5m)

Highgradenearsurface mineralization

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MaverickGoldProductionTimeline
2 0 1 2 Q1
Resource ExpansionDrilling NI43101Reports Mill,powerandancillarybuilding refurbishmentandsitepreparation Communityengagement Openpitandtestmining U/Gdevelopment anddewatering U/G teststope andmining Paybackcomplete @$1400/oz Au

Q2

Q3

Q4

2 0 1 3

2 0 1 4

NOKOMIS Resource

PUFFY FEAS.Study

GoldProductionMilestone
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MaverickGoldProject
PotentialGoldProductionExpansion
+Resource Expansion
Exploration successon Maverick Gold Maverick Property covers20 kmofmajor regional mineralized structure

45,000oz/yr >50,000oz/yr
Combined U/Gand openpit PEAStudy 750tpd 7.5year minelife 348,000 recovered goldounces Nokomis Deposit Historical Resource 68,523oz @6.1 g/tAu 8kmfromPuffy MineandMill Openpit potential Targetingfull millcapacityat 1000tpd

++Extend MineLife
Area consolidation Tollmilling opportunities Resource expansionon majorstructure

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Auriga GoldPeerComparison
Company QMXGold Corporation BrigusGold ClaudeResources GoldenBand Metanor Resources SanGold St.AndrewsGold AurigaGold AurigaFullyFunded Share SharesO/S MarketCap Symbol Price($) (M) ($M) QMX.TO BRD.TO CRJ.TO GBN.V MTO.V SGR.TO SAS.V AIA.V AIA.V Total Oz(M) Oz.pa Enterprise Op Cost Value(EV EstCF$M Shares Priceto perOz. $M) EV/oz @$1400 EV/CF /AuOz CashFlow

0.40 0.92 0.68 0.17 0.26 0.76 0.44

0.20 0.20

30.1 217.3 173.7 284.7 226.6 325.3 368.2 54.7 54.7

$12.0 $199.9 $118.1 $48.4 $58.9 $247.2 $162.2 $10.4 $10.4

1.9 4.6 4.1 0.8 1.6 4.3 5.2 0.7 0.7

83,000 57,001 44,756 45,000 60,000 74,227 74,022 40,000 40,000

$1,400 $800 $1,082 $1,076 $464 $970 $919 $950 $950

$25.9 $198.0 $75.1 $83.4 $63.8 $223.1 $153.8 $13.7 $37.4

13.6 41.6 18.5 99.7 39.9 52.3 29.4 18.8 51.1

34.2 14.2 14.6 56.2 31.9 35.6 18.0 18.0

5.8 5.3 5.7 1.1 7.0 4.3 0.8 2.1

15.8 45.7 42.5 340.2 141.5 76.2 70.4 74.7 74.7

5.85x 8.30x 3.32x 1.05x 7.75x 4.55x 0.61x 0.61x

EV/oz
120.0 100.0 80.0 60.0 40.0 20.0 0.0

$/oz

Superiorinvestmentopportunity: 54.7millionshareso/s AttractiveEV/oz relativetopeers SuperiorprojectedannualCF/Share LowCAPEXtoproduction

BasedonSeptember4,2012shareprices,totaloz includesreservesand resources,compiledfromsourcesbelievedtobereliable.Operating companyproductionfiguresbasedonactualfinancialresults.Source: SEDAR,corporatewebsites. AurigaGoldproductionandcashflowdata basedonFebruary2012PEA. Assumes$23Mgoldloanfacility(seepressreleasedatedJune21,2012). Thismodelisforcomparisonpurposesonlyandshouldnotbeconstrued asaspecificfinancingplan.

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AurigaGoldSummary
MaverickGoldProject(100%) Manitoba Neartermgoldproduction,withexcellentexplorationupside Pastproducingproperty,withsignificantonsiteinfrastructure 1000tpd mill,ancillaryfacilities,rampandunderground workings, roadaccesstoproperty,powerandraillines PositivePEAonU/Gandopenpittestminingonnearsurface resources CAPEX:$18.1Million;undiscountedcashflow:$130Million Managementexperiencedatdiscovery,resourceexpansion, developmentandoperations NI43101ResourceEstimate: 174,000ouncesIndicated,558,000ounces Inferred ContinuedresourceexpansionandupgradedrillingatNokomis andPuffydeposits Mokoman CopperGoldProperty(100%) Saskatchewan FoxPGMNiCuProperties(75100%) Manitoba

Centrallylocatednear existingminesand infrastructureinthe Flin Flon Mining District,Manitoba

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Formoreinformation: AurigaGoldCorp. AIA:TSXV 8KingStreetEast Suite1300 Toronto,ON AlisonTullis Manager,InvestorRelations 4162142785 atullis@aurigagold.ca www.aurigagold.ca

AIA_AurigaGold AIA.AurigaGold
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MaverickGoldProject
Flin Flon GoldandVMSBaseMetalDistricts
MAVERICKGOLD PROJECT
SNOWLAKE

SHERRIDON

FLINFLON

CRANBERRY LAKE

StrategicallylocatedinoneofManitobaspremierminingcamps accesstopeople,infrastructureandGOLD
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MaverickGoldProject
MineralResources AllZones
NI43101ResourceEstimate October2011 Underground:3,720,000tonnes containing690,000oz Goldatacutoffgradeof2.5g/t;and OpenPit:320,000tonnes containing42,000 oz Goldata0.6g/tcutoffgrade PuffyDeposit@2.5g/tcutoffgrade(undergroundmodel)
ResourceCategory Indicated Inferred Tonnes 702,000 3,018,000 Grade(g/t) 6.29 5.65 InsituOzs Gold 142,000 548,000

PuffyDeposit@0.60g/tcutoffgrade(openpitmodel)
ResourceCategory Indicated Inferred Tonnes 242,000 78,000 Grade(g/t) 4.16 3.81 InsituOzsGold 32,000 10,000

HistoricalResources Nokomisadditionalsatelliteresources(undergroundmodel)
ResourceCategory ProvenandProbable Tonnes 349,110 Grade(g/t) 6.10 InsituOzs Gold 68,523

*HistoricalresourcesinthepresentationarehistoricalestimatesthatpredateNI43101andarenotcompliantwithcurrent definitions,havenotbeenverifiedbythecompanyandconsequentlyshouldnotbereliedonbyinvestors.
The resource was estimated by Fred Brown, CPG, and Eugene Puritch, P.Eng. of P&E Mining Consultants Inc. Mr. Puritch and Mr. Brown are Qualified Persons ("QPs") as defined by NI 43101. Bruce Mackie, P.Geo., was QP for the Companys drill program and supervised the preparation of the scientific or technical information for the property. The contents of this press release has been reviewed and approved by Mr. Brown, Mr. Puritch and Mr. Mackie. An NI 43101 technical report supporting this resource estimate will be filed on SEDAR within 45 days of this press release.

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PuffyMineCombinedU/GandOpenPitModelfromFebruary 2012PEA

Openpitminingmethodand Conventionalopenpitmining costsbycontractor Undergroundminingmethod costsbyCompanypersonnel

Othercosts

Totaloremilled Miningrecovery Averagedilutedheadgrade Millthroughput Millrecovery Totalestimatedgoldrecovered Goldprice US$:CAD$exchangerate

Mining:$5.50/tonne Definitiondrillingandgradecontrol $1.41/tonneof Wasterockstripping $4.50/tonnewasterock Roomandpillar(Slushblastedmuckdown30 diptosilldrift) Rampandventilationraises $3,000/metre Miningandtransporttomill $106/tonnemilled Definitiondrillingandgradecontrol $2.97/tonnemilled Processing $25/tmilled Tailingsandwatermanagement $1/tmilled GeneralandAdministration $11.06/tmilled Undergroundmineindirectcosts $4.40/tmilled Mineclosure $1.3M 2,039,000t Surface90%;U/G88% Goldroyalty 5.8gAu/t Totalgrossrevenuefromgoldsales 750tpd Pretaxundiscountedcashflow 90% PretaxNPV(5%) 348,000troyoz Au PretaxNPV(8%) US$1,400/oz Au PretaxIRR PretaxPayback US$1=CAD$1.014

3% $478M $130M $95M $79M 84% 2.5yrs

NoncoreProjectstobeRationalized
Mokoman CopperGoldProperty(100%) Saskatchewan 1,500hapropertywithahistoricresourceof6.0milliontonnesat0.90%Cuand0.18g/t Au(NonNI43101) FoxPGMNiCuProperties(75100%) Manitoba 58,000hawithhighpotentialforPGMs+Ni/Cu GreatFallszonewithgrabsamplesupto5g/tPtPd+Au,1.1%Niand2.3%Cu

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