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PIPELINE OF GOLD PRODUCTION IN NOVA SCOTIA

…applying Australian expertise to an overlooked Canadian gold province…

ASX:ATV

www.atlanticgold.com.au

November 2011

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•Track record of gold discovery and production in Western Australia

•Focused on the same, but now in Nova Scotia

•Applying a new approach to a forgotten goldfield

•Assembled a Resource inventory of 1.2 million ounces – including Reserves of 454,000 ounces

•Project pipeline: Touquoy – next step: development

Cochrane Hill – next step: feasibility study

Exploration lands – next step: discovery

OVERVIEW

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Fully paid shares 530.1M Partly paid shares (20 cents paid to 9 cents) 30.3M Options unlisted (15.5 cents, 12 months) 2.0M Market Cap:$20-25 million

CAPITAL STRUCTURE

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Market Capitalisation per Resource Ounce

EV:resources (A$/oz)

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DEVELOPMENT PROPERTIES

THE TOUQUOY & COCHRANE HILL GOLD

PROJECTS

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Cochrane Hill

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TOUQUOY

Total 11.7 1.5 557,000

TOUQUOY WEST

Total 1.5 2.0 99,000

COCHRANE HILL

Total 10.1 1.7 549,000

TOTAL ALL 23.3 1.6 1,205,000

MINERAL RESOURCES

contained million tonnes grade g/t ounces gold

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TOUQUOY

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TOUQUOY

Proved 2.49 1.48 118,000

Probable 7.10 1.47 336,000

TOTAL 9.59 1.48 454,000

ORE RESERVES

contained million tonnes grade g/t ounces gold

11 Touquoy geology and drillhole locations

12 Touquoy deposit section 21625mE

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Low strip ratio – 2.5:1

Soft ore – BWI ~ 10

Excellent metallurgy – 93.5% (70% gravity)

Coarse grind - 150µm

Low reagent consumption – 0.4kg/t CN

Excellent CN detox

No acid rock drainage – carbonate, low sulphide

Grid power – coal-fired – 5km to connect

Excellent infrastructure

Keen local and homecoming workforce

No on-site accommodation required

Supportive government

TOUQUOY’S ADVANTAGES

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Ore reserves 9.59Mt @ 1.48g/t

Production 422,000 oz

Mine life 5.0 years

Ave annual production 84,000 oz pa

Throughput 2.0mtpa

Initial capex C$123M

Operating costs US$505/oz

Gold price US$1100/oz

Project NPV (8%, ungeared, pre-tax) C$79M

Project IRR 32%

TOUQUOY SUMMARY FINANCIALS

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ENVIRONMENTAL ASSESSMENT APPROVAL FEASIBILITY STUDY COMPLETED

MINERAL LEASE GRANTED

ACQUIRE REMAINING SURFACE TITLES

in progress

FINAL PERMITTING

Industrial Approval – documentation done

PROJECT FINANCING

Touquoy Gold Project STEPS TO PRODUCTION

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COCHRANE HILL

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COCHRANE HILL

Indicated 4.5 1.8 251,000

Inferred 5.6 1.6 298,000

Total 10.1 1.7 549,000

* Lower cut-off grade 0.5g/t

MINERAL RESOURCES

contained million tonnes grade g/t* ounces gold

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REGIONAL EXPLORATION IN NOVA SCOTIA

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Touquoy Gold Project NQ DIAMOND CORE – HOLE MR-05-084

121–122 m : 2.16 g/t

122–123 m : 9.23 g/t

123–124 m : 8.98 g/t

Argillite host rock with no quartz veins

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•Acquire remaining surface titles at Touquoy

•Grant of Touquoy Industrial Approval

•Secure project financing for Touquoy

•Complete drill-out of Cochrane Hill and commence Feasibility Study

LOOKING AHEAD

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PIPELINE OF GOLD PRODUCTION IN NOVA SCOTIA

…applying Australian expertise to an overlooked Canadian gold province…

ASX:ATV

www.atlanticgold.com.au

November 2011