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Presentation Algold (Toronto January 27 2015).pdf

Published Jan 27, 2015 in Business & Management
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FORWARD - LOOKING STATEMENT Certain of the statements made and information contained herein is - looking within the meaning of applicable securities laws . This includes statements by the Company concerning exploration results, including deposit size, quantities, grades and contained metals, which are generally made on the basis of estimations and extrapolations from a limited number of drill holes and assays . These estimations and extrapolations are subject to uncertainties, which include but are not limited to uncertainty in connection with evaluating a deposit until the deposit has been extensively drilled on closely spaced centers . Should one or more of these underlying estimations or extrapolations prove incorrect, actual results may vary materially from those described in forward - looking statements . Forward - looking statements contained herein also include the plans for its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward - looking information . Forward - looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward - looking information, including, without limitation, the ability of the Company to continue to be able to access capital markets for the funding necessary to acquire and maintain exploration properties and to carry out its desired exploration programs ; difficulties in executing exploration programs according to the proposed schedules and within its cost estimates, whether due to weather conditions in the areas where it operates, increasingly stringent environmental regulations and other permitting restrictions, or the availability of essential supplies and services ; and factors beyond the capacity of the Company to anticipate and control, such as the marketability of minerals, government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production . Should one or more of these risks or uncertainties materialize, actual results may vary materially from those described in forward - looking statements . Accordingly, readers are advised not to place undue reliance on forward - looking information . Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward - looking information, whether as a result of new information, future events or otherwise . © 2014 Algold Resources . All rights reserved . Copyright . All materials displayed or otherwise accessible through this Presentation (collectively, "Content") are protected by copyright law, and are owned by Algold Resources and its licensors, or the party accredited as the provider of the Content . Except as granted in the limited license herein, any use of the Content, including modification, transmission, presentation, distribution, republication, or other exploitation of the Presentation or of its Content, whether in whole or in part, is prohibited without the express prior written consent of Algold . All dollar amounts are in US dollars unless otherwise indicated .

I. Key Investment Highlights II. Capital Structure III. Company Overview IV. Management Team & Directors V. Current Projects: I. Mauritania II. Burkina Faso VI. Contact Information

In Mauritania, Algold owns : 90 % of the rights to the Kneivissat Property ; can acquires up to 90 % of the rights to the Legouessi Property under an earn - in agreement / JV with Caracal Both properties are on strike with the Tasiast Gold Mine (+ 15 Moz Au P+P and M&I) and represent an excellent property package In Burkina Faso, Algold owns 100 % of the rights to 2 properties, on trend with Pourra Gold Project (past producing mine) Strong shareholder base : AngloGoldAshanti (AU : NYSE), Franco Nevada (FNV : NYSE) and Village Main Reef (VIL : JSE) collectively hold approximately 10 % of the Company Over 25 years of operating experience in Francophone West Africa Strong management team including former founders, builders and operators of SEMAFO, Afcan , and the GM, Tasiast Mine KEY INVESTMENT HIGHLIGHTS 4

CAPITAL STRUCTURE (December 2014) 5 Shares Outstanding (FIU Transaction Completed) 45,072, 541 Warrants (@ $0.23 - average) (06 - 2015 & 07 - 2016) 13,838,614 Options 3,920,784 DSU 1,849,998 Fully Diluted 62, 831, 547 Mgmt. & Directors 10% 52 week Share Price C$0.10 - $0.30 Market Cap. C$10 million COMPANY OVERVIEW Mineral exploration company engaged in the acquisition, exploration and development of African mineral properties The company owns the right to: Two valuable properties in close proximity to the Tasiast Mine in Mauritania Two strategic properties in Burkina Faso

MANAGEMENT Mr . Auclair is a geologist with over 25 years of experience, including 20 years in Africa . Prior to joining Algold, Mr . Auclair was the Vice - President Exploration of Gondwana Gold Inc . , a gold exploration company in Burkina Faso . Mr . Auclair was also involved at the early stages of development of the Tasiast Mine during his tenure as General Manager, Tasiast with Rio Narcea from 2004 to 2007 . Mr . Auclair was formerly Chief Executive Officer of Nimini Gold, now a subsidiary of Polo Resources, developing the Komahum gold deposit in Sierra Leone . Prior to this, Mr . Auclair was the Vice - President, Exploration of Diabras (now Sierra Metals) and Country Manager, Nevsun in Eritrea . Mr . Auclair was a member of Aur Louvicourt VMS deposit discovery team . Mr . La Salle is the President and CEO of Windiga Energy, a company involved in the development of renewable resource in Africa . Mr . La Salle is the founder of SEMAFO (a TSX - listed company) and a well - known mining entrepreneur in Canada and Africa . Mr . La Salle brought SEMAFO from junior explorer to a + 250 , 000 ounce - per - year gold producer with three mines in operation in West Africa . Mr . La Salle is the Chairman of Sama Resources, a growth - oriented resource company focused on exploring the Samapleu (nickel copper) Projects in Ivory Coast, West Africa, and Chairman of the Canadian Council on Africa . M La Salle co - founded Grou , La Salle & Associates CA in 1980 and was a partner at the firm until 2004 . GLA, based in Montreal, Québec, is an accounting firm offering audit and accounting services, with a strong emphasis on financial and corporate reorganization and the implementation of international corporate structures . The firm grew from the two original partners to a staff of over 50 . Mr . Grou is a CPA CA, with a Bachelor of Commerce degree from McGill University . He is a member of the Quebec Institute of Chartered Accountants . Mr . Grou co - founded Grou , La Salle & Associates CA in 1980 and was a partner at the firm until 2004 . At GLA, Mr . Grou coordinated and led the reverse take - over process for several public companies and successfully completed several transactions with mining, oil and gas, telecommunications and medical devices for local, national and internationally - based companies . In addition to his current directorships, Mr . Grou was and continues to be part of the Board of Directors of several public natural resources companies . 6 Benoit La Salle FCPA, CPA FCA François Auclair M.Sc ., Pgeo Yves Grou CPA CA Mr . Ristic began his career as part of the technology accounting and audit practice of Ernst & Young LLP, where he worked extensively with technology start - ups, entrepreneurial and public companies, and numerous high - profile consulting projects . Mr . Ristic was also a team leader on many public offerings on the Toronto Stock Exchange, generating over $ 150 million in funding for clients, primarily in the biotechnology and new economy companies sectors . In 2004 , subsequent to the sale of Radical Horizon, Mr . Ristic founded Exceleris . In addition to managing the recruitment for Exceleris , he consulted (as CFO or in similar roles) with a number of mining and exploration and technology companies (both publicly traded and venture funded start - ups) . Mr . Ristic is a CPA, CA and a Certified Public Accountant in the US . Mr . Ristic holds a Bachelor of Commerce in Accounting & Entrepreneurship from McGill University . André Ciesielski , D . Sc . , PGeo , studied geology in Montreal and Paris . He has been geoscientist with the Geological Survey of Canada until the mid - nineties where he conducted various studies on the eastern Canadian Shield . Since, he has been involved in mining exploration for gold, diamonds, uranium and base metals in eastern Canada and west - Africa and silver and gold in Mexico . Mr . Ciesielski also worked on specific projects in Colombia, Guyana and Morocco . He is currently involved in gold exploration in Mauritania and Quebec . Mr . Ciesielski is a member of OGQ and SEG . André Ciesielski D.Sc in Structural Geology Dejan Ristic Quebec CPA, CA & US CPA C HAIRMAN P RESIDENT & CEO E XECUTIVE V ICE C HAIRMAN C HIEF F INANCIAL O FFICER S ENIOR T ECHNICAL C ONSULTANT

BOARD OF DIRECTORS Mr . Hick serves was appointed to the Board in January 2014 , following the acquisition of First Uranium Corporation . Prior to the acquisition, Mr . Hick was a director of the Board at First Uranium Corporation and served as Lead Independent Director from May 2010 to September 2012 . Mr . Hick is President and Director of John W . W . Hick Consultants Inc . since 1997 . From 2004 to 2007 , Mr . Hick serves as CEO and director of Rio Narcea , the company responsible for the construction of the Tasiast Mine in Mauritania . Prior thereto, he held senior management and/or director positions with a number of publically listed companies, mainly in the mining sector . Currently, Mr . Hick serves as a director of Carpathian Gold Inc . , Diamond Estates Wines & Spirits Ltd . , Eurotin Inc . , Hudson Resources Inc . , Marengo Mining Limited, Samco Gold Ltd . and St . Andrew Goldfields Ltd . Mr . Hick holds a BA from the University of Toronto, an LLB from the University of Ottawa and was called to the Bar of Ontario in 1978 . Mr . Sabine has over 30 years of legal expertise in mining, corporate reorganization, securities, financing, and mergers and acquisitions . Mr . Sabine is widely recognized for advising clients on complex international projects . In addition Mr . Sabine has served on the board of directors of a number of public and private companies in a variety of businesses . Until its takeover in 2012 for $ 1 . 2 billion, Mr . Sabine was a director and Chairman of the Board of Anvil Mining Limited . He is currently a director of Uranium One Inc . Ms . Seetaroo is the co - founder of Medea Capital Partners Limited, a London - based natural resources merchant bank focused on Africa . She has many years of experience in the mining sector, structuring and raising finance (debt & equity) for mining companies in emerging markets such as Burkina Faso, Mauritania, Zambia, Democratic Republic of Congo and Zimbabwe . Ms . Seetaroo previously worked at Société Générale as a mining finance banker and Oriel Securities as a corporate financier where, together with David Henry, she established a principal investment book in junior miners . Ms . Seetaroo began her career at Norton Rose as a mining finance lawyer, primarily involved in francophone Africa . 7 John Sabine John W.W. Hick Salma Seetaroo Mrs . Batoff was appointed to the Board in January 2014 , following the acquisition of First Uranium Corporation . Prior to the acquisition, Mrs . Batoff was the President and Chief Executive of First Uranium Corporation from August 3 , 2012 until December 19 , 2013 , and previously held the position of Vice President, Legal and Secretary since February 2007 . From November 2004 to January 2007 , she was Vice President, Legal and Secretary of North American Palladium Ltd . Prior to November 2004 , she acted as legal counsel and secretary for various publicly traded companies in the mining and exploration sector in Toronto . Mrs . Batoff holds a BA from University and an LLB from the University of Western Ontario . She was called to the Bar of Ontario in 1993 . Mary Batoff Mr . Mario Caron is an engineer and senior executive with more than 25 years of experience in the mining sector in the Americas, Africa and South - East Asia . He holds a Bachelor of Engineering Degree (Mining) from McGill University and is a member of the Quebec Order of Engineers and the Association of Professional Engineers of Ontario . Mr . Caron's management experience includes a multitude of successful endeavors including the technical evaluation of the Tasiast Gold Mine (+ 15 Moz Au) in Mauritania and the completion of the feasibility study for the Yenipazar polymetallic VMS deposit (Au, Ag, Cu, Pb , Zn) in central Turkey . Previous positions held by Mr . Caron include Chief Executive Officer and Director of Axmin Inc , a company with a gold project in the Central African Republic and Chief Executive Officer of Tiberon Minerals Ltd . , the developer of a tungsten/fluorspar mine in Vietnam . Mr . Caron is a member of the board of directors of Avanti Mining Inc . , Maya Gold & Silver Inc . , and Adventure Gold Inc . Mario Caron

Mauritania is bordered to the West by the Atlantic Ocean, North by Western Sahara and South by Senegal Population: approximately 3 million inhabitants Exports: iron ore, copper, gold and fishing products MAURITANIA 8 COUNTRY OVERVIEW MINING FACTS High potential for iron, gold and copper Mining sector accounts for more than 60% of exports Largest mining project include: Kinross gold, XStrata iron ore, First Quantum copper, gold SNIM iron ore The November 2010 Mining Code is one of the most favorable mining codes in West Africa 10% free carried interest by the Mauritanian Government 4% royalty on gold

Kneivissat : Société Mauritanienne property. Algold owns 90% of SME. US$100,000 cash payment and 100,000 shares at signature (January 2013) US$200,000 cash payment and 200,000 shares on the anniversary dates of both years one and two Limited exploration prior to 2013 Legouessi : Algold earn - in agreement with Caracal Gold Algold can earn 51% by incurring exploration expenditures of US$1.5 million, minimum of US$750 000 in year one. Algold can increase its participation to up to 90% Exploration carried out by Caracal: airborne geophysics, ground geophysics, soil geochemistry, DDH drilling 9 MAURITANIA PROPERTIES STRUCTURE

The Kneivissat and Legouessi properties are located within the Archean Aoueouat greenstone belt, a 70 - km x 15 - km wide north - south trending belt situated in the south - western sector of the Reguibat shield Greenstone belts consist of BIF, amphibolite, amphibolite - garnet schists and mica schists geological and geophysical signature context is similar to the Tasiast gold deposit Important NE and NW structures Convergence of two major structural trends in the north - west part of Legouessi Gold showing related to disruption - bend - folding - in the structural pattern 2013 Gold Equivalent Production: 247,818 oz. 2013 Proven & Probable Reserves: 9.6 M oz. @ 1.71 g/t Au 2013 M & I: 4.7 M oz. @ 0.84 g/t Au Reserves and Resources @ US$1,200/ounce Kinross 43 - 101 Tasiast Technical Report, March 2014 10 GEOLOGY & GEOPHYSIC Proximity to the Tasiast Mine Total Magnetic Field ( NE Shaded - Kneivissat and Legouessi property ) The Kneivissat property is situated in close proximity to a BGS Compilation 2008 2299000 420000 MAURITANIA PROPERTIES

11 Important north north - east structural trend component to regional trend North to north north - west structural trend is continuous with secondary north north - east splay of large amplitude Convergence of the two major structural trends in north - western part of Legouessi property, indication of multiple episodes of deformation Important zone of alteration at the convergence of the BIF and Greenschist Facies West Branch in the north - western part of Legouessi property Presence of granitic pluton - infers potential heat source and gold mineralization Image Source: Effigis Geo Solutions 2103 Colour enhance rom TM4, TM3 and TM2 Landsat. COMPOSITE SATELLITE IMAGERY (A ste r L an dsat TM) Tasiast Mine 2299000 420000 High Potential Zones Gold Showings MAURITANIA PROPERTIES

12 18 , 000 soil and rock chip samples (Caracal, 2010 ) and 1 , 557 soil and 91 rock chips samples ( Algold , August 2014 ) LSO : strong Mag, IP and soil geochem anomaly SL : strong gold soil geochem , mag anomaly - drilling by Caracal in 2011 revealed 1 . 68 g/t Au over 5 metres (SL - 03 ) NL : gold soil anomaly coincident to a flexure in the airborne mag . drilling by Caracal in 2011 revealed 0 . 92 g/t Au over 4 metres (NL - 03 ) LSE : Large gold soil anomaly 1 , 085 soil samples and 69 rock chip samples ( Algold , August 2014 ) KC : combined strong airborne magnetometer anomaly and an elongated gold soil anomaly, which extends over 10 kilometers KO : this area shows a strong magnetic signal coupled with an elongated E - W gold in soil anomaly perpendicular to the main structural trend . LEGOUESSI POTENTIAL KNEIVISSAT POTENTIAL COMBINED SATELLITE IMAGERY & SOIL AU GEOCHEMISTRY Image Source: Effigis Geo Solutions 2103 Kneivissat Assays: ALS Bamako Lab (Algold) Legouessi Assays: Ald Ireland (Caracal) MAURITANIA PROPERTIES

13 At the Tasiast Greenschist Facies West Branch mineralised zone, gold mineralization is associated with finely disseminated sulphide mineralization ( po+py ) at or near the contact of metasedimentary rock and strongly altered mafic volcanic showing strong chargeability . IP Geophysical survey at the KC - LSO showing reveals strong chargeability over the Birbirite unit, precluding to sulphide mineralization . Image Source: Effigis Geo Solutions 2103 Geophysics: Sagax Afrique 2014 KC - SLO PROSPECT - IP Pole Dipole Survey MAURITANIA PROPERTIES

MAURITANIA PHASE 1 RC DRILLING 5,000 meters of RC drilling in May - June 2014 The objective of this first phase of RC drilling is to define the potential for gold mineralization Drilling was successful in identifying broad zone of gold mineralization on KC and SL 14 MAURITANIA PROPERTIES

KNEIVISSAT PROPERTY Algold RC Drilling Kneivissat Two main prospects at Kneivissat : KC and KO Total of 1440 meters of drilling on KC KC prospects is a composite strong geophysical Magnetic and IP anomaly over a plus 10 kilometer elongated gold - in - soil anomaly The main lithology are the ultramafic and metasedimentary unit, in contact with the Birbirite . Total of 1060 meters on KO. KO show a well develop gold in soil coupled to a magnetic high. Main lithology is a metasedimentary unit 15 Kneivissat Project Prospect Number of Holes Meters Number of Samples KC 16 1,440 543 KO 11 1,060 563 27 2,500 1,106 MAURITANIA PROPERTIES

Two main prospects at Legouessi : LSO and SL Total of 1,752 meters of drilling on LSO Total of 748 meters of drilling on SL The LSO prospect is the continuity of the KC prospect on the Kneivissat property The LSO prospect is underlain mainly by silicified metavolcanics Values of up to 1.7 g/t Au over 5 meters (SL03) discovered by Caracal in 2011 Algold conducted RC drilling on the northern prolongation of this trend, while chip sampling and limited trenching was carried out to the south Legouessi Project Prospect Number of Holes Meters Number of Samples LSO 17 1,752 942 SL 8 748 398 25 2,500 1,340 LEGOUESSI PROPERTY Algold RC Drilling 16 MAURITANIA PROPERTIES

DRILL RESULTS Best results in Birbirite unit with up to 0.98 g/t Au over 2 meters (KC) Multiple 0.1 g/t Au over the 5 - kilometer strike extension of the prospects Chargeability anomaly unexplained 17 KNEIVISSAT LEGOUESSI Drilling on both property was successful identifying broad zone of gold mineralization over extended area on KC and SL. Best results in silicified metasediments with up to 0.69 g/t Au over 2 metres in contact with Birbirite (LSO), extending strike extension of KC Values of up to 1.7 g/t Au over 5 meters (SL03) discovered by Caracal in 2011 at SL MAURITANIA PROPERTIES

POTENTIAL OF 15 AND 20 KILOMETER GOLD MINERALISED SYSTEM 18 MAURITANIA PROPERTIES NL zone at the apex of both the SL and KC prospects The NL zone covers an extent of over a minimum of 2.5 km square The SL Zone covers an extent of over 5.0 km square Strike extension of 15 kilometers of potential gold and Cu+Zn+Pb mineralization.

MAURITANIA PROPERTIES LEGOUESSI PROPERTY NL ZONE High grade gold and sub economic Cu+Zn+Pb in quartz stockwork at the apex of to major structural trends. Mineralization extends for over 2 km. Tuff and Lapillis tuff identified at the summit of a bimodal volcanic suite. Potential Volcanic Center nearby. Noranda type Archean VMS Deposit?

20 LEGOUESSI PROPERTY SL Au - Cu ZONE The zone covers an extent of over 5 square km Multiple Gold and Copper values in quartz carbonate stringers veins with malachite and chrysocole alteration (up 0.55% Cu) in chip rock samples within a mafic to felsic package. Electron Scanning Microscope analysis indicates the presence of barium, an indicator of large gold deposit ( Hemlo camp, Ontario) and of VMS type deposit (Horne, Rouyn) MAURITANIA PROPERTIES

LEGOUESSI PROPERTY 21 KNEIVISSAT North east mafic schist (tuff) extending from Tasiast property Birbirite unit metasomatized siliceous ultramafic volcanics - the belt extends over a distance of >10 kilometers First drill hole on Kneivissat Drilling on Legouessi LEGOUESSI December 2013 May 2014 MAURITANIA PROPERTIES

Burkina Faso is a land lock country situated I west Africa, North of Ghana and Cote d'Ivoire, East of Mali and West of Niger Population: approximately 15.7 million inhabitants Exports: gold, cotton, livestock BURKINA FASO MINING FACTS Under - explored Excellent geology and several recent gold discoveries Hosts six producing gold mines, all commissioned in the last six years Fifth largest gold producing county in Africa Pro - mining government - good infrastructure Burkina Faso transaction structure: two million shares and US$30,000 for 100% ownership of three projects 22 COUNTRY OVERVIEW

BOROMO BELT - THREE PROPERTIES Interpreted fault architecture overlaid on the magnetic data ( Effigis ) Gold occurrences match interpreted north - south north north - west intersection of structural corridor Newmont Poura Gold Mine situated the same such corridor Detailed geochemical surveying included soil on Dianvour geochemical samples, 79 termite mound and 90 pits Dianvour property: 2,036 meters of trenching over both Lopal and Memer 64 RC holes in 5,273 meters on Lopal and Memer prospects Highlights: 8.96 g/t Au over 8 meters (DI - TR 005) 3.18 g/t Au over 2 meters (DIRC056) Ouaraba Property: 1,233 soil samples purchased from GoldRush Burkina at a cost of US$15,000 in 2012 Seven trenches representing 1,410 meters 121 RC holes representing 4,903 meters Satellite Imagery & Geophysical Interpretation NEWMONT POURRA MINE 23 BURKINA FASO PROPERTIES

CONTACT INFORMATION 1320 Graham Blvd., Suite 132 Ville Mont - Royal, Quebec, Canada, H3P 3C8 Tel.: +1 (514) 747 - 4653 François Auclair Chief Executive Officer Mobile: +1 (514) 889 - 5089 Email: