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March 21, 2013

Our aim is to become a leading Mediterranean-focused gold exploration and development company. Energy Live Expo Presentation Lisbon, Portugal Dan James, President. March 21, 2013. Disclaimer – Forward Looking Statement. CAUTIONARY NOTES AND DISCLAIMERS

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March 21, 2013

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  1. Our aim is to become a leading Mediterranean-focused gold exploration and development company Energy Live Expo Presentation Lisbon, Portugal Dan James, President March 21, 2013

  2. Disclaimer – Forward Looking Statement CAUTIONARY NOTES AND DISCLAIMERS This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Medgold Resources Corp.’s projects in Europe are at an early stage and all estimates and projections are based on limited, and possibly incomplete, data. More work is required before the mineralization and the Projects’ economic aspects can be confidently modelled. Actual results may differ materially from those currently anticipated in this presentation. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be economic. Qualified Person: Under the terms of NI43-101, Dr. Stewart Redwood is Medgold‘s Qualified Person. Dr. Stewart Redwood is an independent geological consultant specialising in minerals exploration and project evaluation. Dr Redwood has more than 30 years’ experience including over 20 years’ in Latin America. He has visited over 60 counties and has crossed both polar circles. He has degrees in geology from Glasgow and Aberdeen Universities. He has previously worked for the British Geological Survey, Mintec S.A. (Bolivia), Metall Mining Corp., Inmet Mining Corp., AngloGold, and was the co-founder of GoldQuest Mining Corp. He was involved in the definition of the Antamina copper-zinc skarn (Peru) and the Marmato gold deposit (Colombia), and in the discovery of the San Cristobal silver-zinc (Bolivia), Las Tres Palmas gold-copper (Dominican Republic), Inlice (Turkey) and other deposits. He is from Scotland and is resident in Panama.

  3. Medgold • European focused • Highly experienced management • World-class technical advisors • Strong project pipeline

  4. To become one of the leading Mediterranean-focused gold explorers & developers Objective Strategy

  5. Medgold Company Overview • Medgold UK formed in April 2011 • Completed RTO-merger in December 2012 with Emerick Resources Corp. • Changed name to MEDGOLD RESOURCES CORP. • Part of the GOLD GROUP (inc. Fortuna Silver Mines, Radius Gold Inc, & Focus Ventures Ltd.) Market capitalization CAD $6.8 million Share price CAD $0.13 Exchange TSX-V Ticker MED.V

  6. The Board of Directors • Raised capital in excess of CAD $500 million • Extensive knowledge of both Canadian and European capital markets • Experience in delivering projects from early exploration, through mine development, to metal production. ex:Fortuna Silver Mines (CAD $560 m). Producing silver mines in Peru and Mexico • Directors: Simon Ridgway (Chairman), Daniel James (President), David Hall, Jeremy Martin and Ralph Rushton

  7. Exploration team • Highly experienced in grass-roots discoveries and project development • Technical advisors include Dr. Richard Sillitoe and Dr. Stewart Redwood, both world-leading geological consultants • Senior exploration managers and legal parties established in each country • Experienced field teams comprised of 4 exploration geologists

  8. Projects • Three orogenic Au licence areas in Portugal • Boticas (under application): Fracture-controlled / intrusion-hosted Au • Vila de Rei (issued): Shear-related / sediment-hosted Au • TresMinas (under application): Shear-related / sediment-hosted Au • Three epithermal Au permits in Italy • Pietratonda, Frassine& Grasceta • Multiple licences under application, in Spain, & awaiting public tender for several high-priority concessions

  9. Medgold controls and has applied for prospects in the most prospective belts in Portugal, Italy & Spain Projects Tuscany Projects: Pietratonda, Frassine & Grasceta Boticas Tres Minas Vila de Rei

  10. Why Portugal? • Medgold focusing on ‘investment-friendly’ and low-risk jurisdictions in Western Europe • Portugal actively seeking foreign investment and aiming to fast-track projects to production • Exploration and project development strongly supported by the government (Minister of Economy and Employment and the DGEG) • Long history of metal mining with solid mining code • Excellent potential for the discovery of multi-million ounce gold deposits

  11. Boticas, Portugal Corcoesto 1.48 Moz Au Salave 2.1 Moz Au • Exclusive option to 100 sq.km licence (granted licence expected Q2 2013) • Fracture-controlled & intrusion-hosted gold • Mineralization associated with dilation on large-scale faults • Fault open to NE over 7 km • Geology similar to Fort Knox, Alaska (P&P gold reserves of 4.3 million ounces) • Previous drilling (3,234 m from 26 holes) intercepted mineralization under ancient workings • Mineralization dimensions of 600 x 150 x 150 m • Multi-million ounce Au potential Boticas Jales / Gralheira Castromil Penedono Monetrmor / Boa Fe 214k oz Au

  12. Boticas Targets Ancient gold workings Key Prospect 12 km structural corridor c Boticas licence Limarinho anomaly (clockwise): Drill core up to 21.02 g/t Au; quartz-aspy veining & altered granite; qtz-aspy veining up to 203 g/t Au; and the Limarinho prospect 5 km

  13. Key Boticas prospect Drilling anomaly projected to surface Outline of historical workings 600 metre mineralized zone Open 50.1m @ 1.70 g/t Au 40.2m @ 1.96 g/t Au 104.8m @ 0.83 g/t Au Open Medgold channel sample of 14.1m @ 3.98 g/t Au

  14. Vila de Rei Salave 2.1 Moz Au Corcoesto 1.48 Moz Au • Granted licence over 308 sq. km licence • 5 mineralised prospects along 37 km of strike • Sediment-hosted (typically quartzite) and controlled by major regional lineament • Key prospect has high-grade mineralization extensive over 3 km with rock chip samples of 24.7, 22.9 & 19.2 g/t Au • Quartzite unit 50-150m thick, structurally brittle, and a favourable geological host rock • Bulk tonnage potential. Conceptual target of 50-60Mt @ 0.6-1.0 g/t Au Jales / Gralheira Castromil Penedono Vila de Rei Montemor / Boa Fe 214k oz Au

  15. Vila de Rei – Extensive Linear Anomalies 38 km Pampilha anomaly extensive over 2km with grades up to 2.5 g/t Au Rei anomaly extensive of 4km grades up to 24.7 g/t Au

  16. Tres Minas, Portugal Corcoesto 1.48 Moz Au Salave 2.1 Moz Au • Exclusive option to 95 sq.km licence (granted licence expected Q2 2013 & subject to environmental review) • Gold mineralization hosted in quartz-sericiteschists • Project parallel to Gralheira Vein, located 5 km to the SW, and controlled by same regional structure • Extensive roman workings, including the Covas and Riberinha pits, with 15.65 Mt mined (est. 500,000 oz Au) • Au anomaly extensive over 9.5 km with 90% outside the archaeologically protected areas Tres Minas Jales / Gralheira Castromil Penedono Monetrmor / Boa Fe 214k oz Au

  17. Tres Minas, Portugal Mine workings Au anomaly W anomaly Fault 9.5 km gold-anomalous structural corridor Tres Minas Roman Mines Est. 500,000 oz Au mined (protected area) Jales-Gralheira Mine 806,000 oz Au mined (1933-1993) In situ resource >200k oz Au Gralheira Vein Jales Vein

  18. Italy: A Mining Destination • Tuscany: pro-mining province with 32 active quarries, high unemployment and a skilled work force • Region previously explored under JV with Anglo-Agip defining 30 Au-Sb targets • Newly developed geological model for epithermal mineralization • Target area 110 by 60 km (Carlin Trend is 60 by 10 km and endowed with >150 Moz Au) with multiple feeder structures identified • Large-scale potential identified Frassine-Grasceta Pietratonda Selected active earthwork operations in Southern Tuscany

  19. Italy: Concept • Target is high-angle feeder structures LigurianFlysch • Geological model targeting discrete, high-grade mineralization, hosted in high-angle feeder structures • Tuscany has key geological ingredients present to host world-class deposits (jasperiods, felsic/rhyoliticsource rocks, district-wide hydrothermal alteration, extensional environment & karstification) • Region has 50 km of strike potential with 5 km within Medgold properties Calcare Cavernoso 500 m Verrucano Basement Observed mineralization (stratiform / flat-lying) Frassine-Grasceta Target structures Pietratonda Southern Tuscany geology & target map

  20. Pietratonda Disused antimony mine Open • Gold-in-soil anomaly 1,400 by 500 with values up to 0.42 g/t Au • Anomaly coincident with previously mined silica sand and kaolinite • Open-pit mining possible • Gold-in-soil anomalism interpreted as hydrothermal fluid outflow from high-grade & blind feeder structures • Exploration will focus on definition of high-angle normal faults • Remote sensing interpretation has identified multiple N-S-trending faults 1.4 km soil anomaly Au-in-soil anomaly Open Mined areas (silica sand & kaolin)

  21. Frassine & Grasceta • High-grade mineralization, up to 43 g/t Au, identified • Associated with inferred high-angle feeder structures • Anomalous corridor identified over 1.5 km with drill-ready target • Alunite alteration present in east of project highlighting proximity to magmatic source- increase potential for high-grade feeder structures Alunite alteration 1.5 km anomaly corridor Au-Sb anomalies High-grade jasperoid mineralization (up to 43 g/t Au)

  22. 2013 Work Program Q2 2013 • Regional reconnaissance, mapping and sampling at Vila de Rei • Channel sampling, mapping and drill target definition at Boticas(subject to licence issuance) • Project reviews in Spain (3 projects under application) • Follow-up sampling on Italian projects • Drilling Boticas Q3 & Q4 2013

  23. Medgold • Mediterranean-focused gold explorer targeting projects with multi-million ounce potential • Highly experienced team, exploring in politically stable and investment-friendly jurisdictions • Strong project pipeline to generate good news flow in coming 24 months

  24. Management

  25. Contact Details Dan James President, Medgold Resources Corp. dj@medgoldresources.com +44 207 305 7050 | +44 7972 579188

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