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“BUILDING THE NEXT CANADIAN GOLD DISTRICT”
May 23, 2013
Forward‐Looking Statements
This presentation contains “forward‐looking statements”. Such forward‐looking statements include, without limitation:
Estimates of future capital expenditures.
Estimates of resources and statements regarding future exploration results timing and amount of estimated future exploration, development and production.
Success of exploration, development, and production activities.
Expenditures; permitting; and requirements for additional capital and access to data.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief isexpressed in good faith and believed to have a reasonable basis. However, forward‐looking statements are subject to risks,uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected orimplied by such forward‐looking statements. Such risks include, but are not limited to metals price volatility, currencyfluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as wellas political and operational risks in the countries and states in which we operate or sell product to, and governmental regulationand judicial outcomes.
The Company does not undertake any obligation to release publicly any revisions to any “forward‐looking statement” to reflectevents or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as maybe required under applicable securities laws.
The following presentation does not constitute an offer to sell or solicitation of an offer to buy any securities of North CountryGold Corp.
The content of this presentation has been reviewed by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as definedby NI 43‐101 Standards of Disclosure for Mineral Projects.
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Presentation Outline
Company background – Who is NCG?
Committee Bay Gold Project – location / overview
Three Bluffs Gold Project
• Overview
• Resources
• Opportunity
• Development Trade off Studies
Innovations
Conclusions
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Who is North Country Gold Corp.?
North Country Gold Corp. (NCG) Strong corporate management team
Experienced geologists with global expertise in exploration, project development and production
Veterans of Canada’s north (>100 years in Nunavut)
Young, dynamic and highly motivated exploration team
Driven to achieve low cost, high efficiency exploration
Committee Bay Project 100% owned by NCG
NI 43‐101 compliant Three Bluffs mineral resource
High grade resource: Within top 1% of TSX.V gold exploration companies by gold grade >1Moz
Large land package with high‐grade gold occurrences throughout 300 km greenstone belt
483,564 acres including 150,000 acres as mineral leases (secured for 15 – 21 years)
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Management
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Management Team
John Williamson, B.Sc., P.Geol. CEO & President
Over 25 years experience in exploration and management of miningcompanies. This includes extensive experience in Canadian northernprojects including George Lake and Goose Lake. He has also beeninvolved in conceptual exploration projects including the identificationand discovery of gold within the Committee Bay belt.
Sean Mager, B.Comm. CFO & Vice President
Over 20 years experience in senior management and governance ofprivate and public companies. Sean has been involved in the operationand management of numerous companies within Canada’s north.
Peter Kleespies, M.Sc., P.Geol. VP Exploration
More than 25 years experience as a geologist with both senior and juniormining companies. He spent a significant portion of his career workingwith both BHP and Miramar Mining on the Hope Bay project, HighlandLake belt and the Elu Inlet belt. Peter is credited for making significantcontributions to the present understanding of the geology andmineralization at Hope Bay.
Brian Budd VP Corporate Development
Over 25 years of entrepreneurial and senior management experience in the corporate development and financing within the resource and high tech industries.
Simeon Robinson,B.Sc., P.Geo. Project Manager
Over 10 years experience in exploration and development of golddeposits in Australia, Africa and Canada. Simeon is committed to theongoing development and implementation of innovative work strategies.
Jo Price,M.Sc., P.Geol.
Lands, Data and Permit Manager
Over 16 years of experience in exploration and development of gold andbase metal deposits in North America and Australia. Jo has more thanthan 10 years experience with land, data and permit management inNunavut and has established an excellent relationship with regulators.
Board of Directors
John Williamson,B.Sc., P.Geol.
Sean Mager,B.Comm.
Craig Bentham, LLB.
Toby Pierce, B.Sc., MBA
Committee Bay Gold Project: Location
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Distances to Three Bluffs
Community DistanceKugaaruk, NU 220 kmRepulse Bay, NU 235 kmGjoa Haven, NU 290 kmTaloyoak, NU 325 kmBaker Lake, NU 335 kmRankin Inlet, NU 430 kmCambridge Bay, NU 645 kmChurchill, MB 870 kmYellowknife, NWT 1,200 kmEdmonton, AB 1,875 km
Gold Projects DistanceAgnico‐Eagle: Meadowbank 270 kmAgnico‐Eagle: Meliadine 390 kmSabina: Goose Lake 700 kmSabina: George Lake 735 kmTMAC: Hope Bay 670 km
Exploration in Nunavut Territory
Potential Large, untapped mineral wealth Opportunity for large tonnage, high
grade gold resources Stable jurisdiction, settled land
claims, close to home Pro‐development, mining friendly
regulatory framework Some of the lowest land holding
costs in the world. Hold high quality assets for min 21 years
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Challenges Remote location
Undeveloped infrastructure
Requires innovation
Committee Bay Gold Project: Overview
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Three BluffsNI 43-101 resource
IF, GWY, FV hosted Au minz
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_̂_̂̂_Three Bluffs Deposit
West Plains6.04 g/t over 36.77 m13.14 g/t over 8.00 m
IF hosted Au minz
Four Hills-Cop3.33 g/t over 6.94 m2.00 g/t over 6.09 mIF hosted Au minz
Raven39.22 g/t over 2.43 m
Mafic volc hosted Au minz
Anuri3.73 g/t over 10.21 m
Komatiite hosted Au minzEmerald association
Inuk10.84 g/t over 19.38 m
IF hosted Au minz
Three Bluffs: Location and Summary
► NCG Flagship asset► NI 43‐101 compliant resource 5
► Structurally controlled Au► WLT interpreted as 2nd order splay off
Walker Lake Shear► Highly anomalous Au intersected in
drilling over > 4km► Au mineralization in IF, GWY, FV
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Combined Totals for Open Pit & Underground Whittle Shell 5
Total Three Bluffs Resource Tonnage(tonnes)
Au(g/t)
Au(ounces)
Total Indicated OP+UG 4,320,000 4.91 683,000
Total Inferred OP+UG 5,520,000 5.43 965,000
5 Please refer to North Country Gold Corp. Press Release dated April 23, 2013
Three BluffsWalker Lake Trend splay
Global Gold Mines and Deposits 2012 Ranking
Natural Resource Holdings “Global Gold Mines and Deposits 2012 Ranking”
http://www.nrh.co.il/i/pdf/NRH_Research_2012%20World_Gold_Deposits.pdf
Study of global gold mines and undeveloped gold deposits across the globe >1Moz
Three Bluffs ranks #31 (ranked by gold grade)
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High‐Grade Gold Comparisons *
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0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
3.85 4.02 4.19 4.21 4.23 4.33 4.64 4.865.31 5.38 5.44 5.81
7.23
88.93
11.8812.30
12.75
16.5517.45
Gold Grade
(g/t)
Companies Listed on the TSX‐V
* Created using data from “Natural Resource Holdings: Global Gold Mines and Deposits 2012 ranking (over 1mm oz)” http://www.nrh.co.il# Using 4 g/t block cut off grade – 4 Please see “Technical Report on the Three Bluffs Project, Nunavut Territory, Canada” filed on SEDAR May 18, 2012
Exploration Success – Drilling completed 2012
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2010
2011
2012
Building the next Canadian gold district
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2011Resource(ReleasedApril2012) 4
Category Cut Off Grade Tonnes Grade Ounces
IndicatedOpen Pit 1.35 g/t 3,600,000 4.81 g/t 557,000 Underground 2.50 g/t 695,000 5.43 g/t 121,000 TOTAL INDICATED 4,300,000 4.90 g/t 678,000
InferredOpen Pit 1.35 g/t 1,000,000 5.24 g/t 169,000 Underground 2.50 g/t 3,530,000 5.81 g/t 660,000 TOTAL INFERRED 4,530,000 5.69 g/t 829,000
2012Resource (ReleasedApril2013) 5
Category Cut Off Grade Tonnes Grade Ounces
IndicatedOpen Pit 1.35 g/t 3,600,000 4.81 g/t 557,000 Underground 2.50 g/t 716,000 5.46 g/t 126,000 TOTAL INDICATED 4,320,000 4.91 g/t 683,000
InferredOpen Pit 1.35 g/t 1,000,000 5.24 g/t 169,000 Underground 2.50 g/t 4,520,000 5.48 g/t 796,000TOTAL INFERRED 5,520,000 5.43 g/t 965,000
2010Resource(ReleasedMarch2009)3
Category Cut off Grade Tonnes Grade OuncesIndicated TOTAL INDICATED 2.00 g/t 2,730,000 5.85 g/t 508,000Inferred TOTAL INFERRED 2.00 g/t 1,272,000 5.98 g/t 244,000
4 Please refer to “Technical Report on the Three Bluffs Project, Nunavut Territory, Canada” filed on SEDAR May 18, 2012
3Please refer to CBR Gold Corp. Press Release March 2, 2009 filed on SEDAR under “Niblack Mineral Development Inc.”
5 Please refer to North Country Gold Corp. Press Release dated April 23, 2013
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Building the next Canadian gold district
468,
000 50
8,00
0
678,
000
683,
000
488,
000
230,
000
244,
000
829,
000
965,
000
0
10,000
20,000
30,000
40,000
50,000
60,000
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Metres
Year
Inferred Resource (Ounces)
Indicated Resource (Ounces)
Diamond Drilling Metres
Cumulative Diamond Drilling Metres
1 Please refer to “Technical Report on the Three Bluffs Area, Nunavut, Canada” filed on SEDAR under “Niblack Mineral Development Inc.” December 20, 20042 Please refer to “Technical Report on the Three Bluffs Project, Nunavut Territory, Canada” filed on SEDAR under “Niblack Mineral Development Inc.” April 28, 20083 Please refer to CBR Gold Corp. Press Release March 2, 2009 filed on SEDAR under “Niblack Mineral Development Inc.” 4 Please refer to “Technical Report on the Three Bluffs Project, Nunavut Territory, Canada” filed on SEDAR May 18, 2012 under “North Country Gold Corp.”5 Please refer to North Country Gold Corp. North Country Gold Corp. Press Release, April 23, 2013
1,2,3,4,5
1,2,3,4,5
Three Bluffs 43‐101 Resource Estimate 5
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Combined Totals for Open Pit & Underground 5
Total Three Bluffs Resource Tonnage(tonnes)
Au(g/t)
Au(ounces)
Total Indicated OP+UG 4,320,000 4.91 683,000
Total Inferred OP+UG 5,520,000 5.43 965,000
5 Please refer to North Country Gold Corp. Press Release dated April 23, 2013
Poised for growth – resource expansion 5
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5 Please refer to North Country Gold Corp. Press Release dated April 23, 2013
Additional Mineral Potential at Three Bluffs 5
Tonnage (Million) Grade (Au g/t) Ounces (Au)
4.50 to 7.50 3.8 to 7.3 550,000 to 1,736,000
Poised for growth – Camp scale potential
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Three Bluffs
Development Trade‐off Studies
Ongoing high level trade‐off analysis has been initiated Numerous iterations
‒ Combination open pit and underground
‒ Underground only
• Considerable upside opportunity
‒ identification of additional resources
‒ definition of higher grade lenses
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Next steps…
Continued Economic analysis and potential Preliminary Economic Assessment Drill out existing resource towards pre‐feasibility Exploratory drilling (down plunge, camp scale) to identify new resources Environmental and engineering baseline work Overland access route studies
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Hayes Camp
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Operational Innovation – mobilization / fuel
Efficient Exploration considered paramount Innovative mobilization
• NCG initiated 737 jet to haul supplies and land on ice strip• Set precedent in the North
In 2012 cost reduced landed fuel costs to < $700/drum Ongoing priority to reduce landed cost and fuel usage
• Bulk fuel • Waste oils for heat• Electric heat systems for camp• Maximizing engine heat (drills/generators)• Equipment systems and management
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Operational Innovation ‐ NCG Drilling Fleet
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PRIMARY BENEFITS NCG owned and directed Increased penetration rates Increased mechanical availability (less
down time) Reduced freeze in’s Improved safety / work conditions
SECONDARY BENEFITS No annual mob / demob costs Reduced salt consumption Reputation as one of best arctic
drilling fleets in Canada Attract high quality drillers / staff
0
500
1000
1500
2000
2500
Met
res
Date
2012 Drilling Productivity
Operational Innovation ‐ NCG Drilling Fleet
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HOW ? NCG management and direction High quality, well maintained equipment Implementation of redundancies (separate pumps
for water to prevent freeze ins) Adequate supplies, parts, spares Fast mobile equipment – fully contained winter drill
shacks, quick moves, hydraulic jacks for fast setup
Three Bluffs Project Area – Drill Water System
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Drill Water System
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Pump Station
Boiler and Pump Station
4 km
Pump Station Boiler
Boiler Station
Pumps
HT controller
Conclusion
NCG has extensive operational experience in Canada’s north
Rapidly expanded resources at Three Bluffs since 2010
Excellent opportunity to expand existing resources and make new discoveries within 25km of Three Bluffs
High quality drill equipment on site, fuel onsite and set to continue drilling and continued resource delineation and expansion
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Contact Information
VANCOUVER OFFICESuite 1280, 885 West Georgia StreetVancouver, BC Canada, V6C 3E8
Phone: +1.604.681.8780Fax: +1.604.681.8775
CORPORATE HEADQUARTERSSuite 220, 9797 – 45th AvenueEdmonton, AB Canada, T6E 5V8
Phone: +1.780.437.6624Fax: +1.780.439.7308
Email: info@northcountrygold.comwww.northcountrygold.com
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