FOCUS ON PERU

October 5, 2011

Certain of the information provided in this presentation may constitute "forward-looking statements" within the meaning of applicable securities legislation. Such forward–looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on those forward-looking statements that speak only as of their respective dates. Events of circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices, exchange rate changes, income taxes and regulatory changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. Other important factors that could cause actual results to differ materially from the Company’s expectations are discussed under the heading “Risk Factors” and elsewhere in the Company’s documents filed from time to time with the TSX Venture Stock Exchange and with securities regulators. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Forward-looking statements included in this presentation include, but are not limited to, statements with respect to: the timing and ability of the Company to earn an interest in the Corongo Property, future exploration programs and results and potential deposit types and quantities.

Forward Looking Statements

Introduction

• Well structured TSX-V listed Junior Exploration Company with only 12 million shares issued

• Highly prospective Au-Ag properties located in the “Gold Corridor” of Peru and the Abitibi Greenstone Belt of Ontario

• Focused on precious metals (Au and Ag)• Excellent access and infrastructure• The right commodities at the right time• Peru is a stable, mining friendly, socio-political environment• Timmins and Matachewan are historic gold mining camps with

multiple world class deposits (>109 million ounces produced)• Experienced management and technical teams

• Additional high quality property acquisitions

Recent Highlights

• Recent diamond drilling on Corongo Property intersected Au, Ag and Cu mineralization in three separate areas associated with epithermal systems

• COR004: 1.70 metres grading 2.15 gpt Au and 1,785 gpt Ag, 2.64% Cu• COR004: 1.50 metres grading 4.07 gpt Au and 61.20 gpt Ag, 1.30% Cu• COR010: 3.00 metres grading 3.57 gpt Au and 25.65 gpt Ag, <0.01• COR011: 2.60 metres grading 1.18 gpt Au and 96.8 gpt Ag, 2.22% Cu

• Acquisition of prospective Au properties in the historic Timmins and Matachewan Gold Mining Camps in Ontario, Canada

• 100% Interest in 369 unpatented mining claims 50 km east of Timmins• Option to earn 100% interest in 96 unpatented mining claims next to the past

producing Stairs Au Mine• Located along Destor Porcupine Fault Trend and the Kirkland Lake – Larder Lake

Fault Trend• Close proximity to gold mines/deposits

Corporate Overview

Listed TSX-V VPR

Share Price (last trade Sept 26th, 2011) $0.135

Market Capitalization ~$1.6 million

Shares outstanding 12,205,000

Fully Diluted 20,550,200

52 Week Trading Range $0.06-$0.47

Working Capital (June 30/11) $427,223

As of September 27th, 2011

Experienced Management

• Management Team• Paul Davis, M.Sc., P.Geo.: President and CEO, over 20 years experience with international

and domestic senior and junior mining companies exploring, developing and mining of base and precious metals

• Joe Del Campo, CMA: Interim CFO, over 30 years experience with international and domestic senior and junior mining companies

• Strong diversified Board of Directors• Christopher Wolfenberg: Macleod Dixon LLP, Corporate and Securities Lawyer• Melanie Blair: Legal Council, Oil, Gas, Power Division of Sherritt International Corp• Greg Jerome, CA: Co-founder Skana Exploration Ltd.• Ram Ramachandran, CFO Canalaska Uranium Inc.

• Experienced Peruvian based Exploration Team• Headed by Cary Pothorin, P.Geo.• Exploration team is fluent in Spanish • Several years of experience working in Peru exploring for Au, Ag, Cu, Mo• Experience working with several major and junior exploration/mining companies in South

America

Peru: An Excellent Place to Explore

• Stable socio-political country• Clear title to exploration concessions• Mining friendly jurisdiction with well defined

mining laws (>US$3.4 billion invested in mining in 2010)

• Over US$540 million in exploration expenditures in 2010

• Over 81 million ounces of Au in Reserve

2009 USGS World Production StatisticsCommodity Peru Ranking

Au #6

Ag #1

Cu #2

Zn #2

Pb #4

Mo #4

Bi #3

Project Location

• Located in the Department of Ancash, 400 km North of Lima, Peru

• Well mineralized district referred to as the “Gold Corridor”

• Active exploration area• Supportive, mining friendly

communities

• Developed road and electrical networks

• No water supply issues

• Area hosts both large scale and small scale mining operations

The Corongo Property

• Au-Ag mineralization associated with epithermal activity identified on surface, in historic adits and recent drill holes

• 3,100 Ha in 11 contiguous claims

• Option to earn 50% of the property from Duran for a $25,000 cash payment, $1 million in exploration and 1 million shares by March 2012

• Potential for both large tonnage, low grade and smaller tonnage, high grade Au-Ag targets

• Potential for Cu-Mo porphyry style deposits

• Elevation of between 3,600 to 4,400 m

• Historic small scale Au-Ag and Cu-Mo mining

Recent Exploration Program

• Completed 1,757 metres of diamond drilling in 12 holes on Descubridora (2), Santa Rosa East (8) and Santa Rosa zones (2)

• Vein associated Au and Ag mineralization was intersected in all 3 target areas.

Santa Rosa EastCOR002: 2.50 m grading 0.57 gpt Au, 61.0 gpt Ag, 0.14% CuCOR004: 1.70 m grading 2.15 gpt Au, 1,785 gpt Ag, 2.64% CuCOR004: 1.50 m grading 4.07 gpt Au, 61.2 gpt Ag, 1.30% Cu

DescubridoraCOR009: 5.80 m grading 0.92 gpt Au, 9.4 gpt Ag, <0.01% CuCOR010: 2.50 m grading 0.42 gpt Au, 37.7 gpt Ag, 0.04% CuCOR010: 12.50 m grading 0.91 gpt Au, 9.1 gpt Ag, 0.01% Cu incl: 3.00 m grading 3.57 gpt Au, 25.7 gpt Ag, <0.01% Cu

Santa RosaCOR011: 2.60 m grading 1.18 gpt Au, 96.8 gpt Ag, 2.22% CuCOR011: 3.00 m grading 0.24 gpt Au, 24.6 gpt Ag, 0.22% CuCOR012: 1.50 m grading 0.26 gpt Au, 19.7 gpt Ag, 0.06% Cu

Mineralization

• Broad trends of Au – Ag mineralization

• Well developed epithermal alteration systems

• Interpreted as an intermediate sulphidation epithermal system

• Higher grade Au – Ag mineralization is associated with quartz veins and stockworks

• Large breccia area identified on the property with anomalous Au, Ag and Cu mineralization

• Cu – Mo porphyry mineralization in altered dioritic intrusions

• Potential for mantos and skarn deposits

Ongoing Exploration

• Expand geophysical coverage to the west testing Pucapampa and Breccia areas

• Detailed mapping, sampling and hand trenching of Au – Ag and Cu – Mo targets

• Follow-up diamond drilling on high grade Ag intercepts on Santa Rosa East, Descubridora and Santa Rosa

• Expanded exploration program on the Descubridora area along mineralized trends

• Program will be completed as 50:50 Joint Venture with Duran Ventures Inc.

Canadian Projects

• Located in historic Timmins and Kirkland Lake – Larder Lake mining camps with production in excess of 109 million ounces of Au since the early 1900’s

• Viper Gold has or can earn 100% interest in exploration properties in Ontario

• Identified occurrences of Au within property boundaries

• Large property positions along Au mineralized trends with favourable volcanic - sedimentary assemblages

• Easily accessible by all season gravel roads• Properties can be explored year round• Well established mining camps with access to

services and experienced personnel

Corporate Objectives

Building Shareholder Value Through:

• Earn 50% interest in the Corongo Au-Ag Property

• Continued exploration on the Corongo Au – Ag Property

• Diversified property portfolio with acquisition of 100% interest in Au projects in Canada

• Acquisition of additional high quality precious metals properties inside and outside of Peru

Conclusion

• Positive Au – Ag exploration results from first phase of the diamond drill program on the Corongo project

• Exploration program successfully identified Au – Ag mineralization on all three areas tested

• Expand exploration program over the Corongo Property and follow up drilling on identified mineralized structures

• Acquisition of 100% interest in high quality Au projects in known mineralized districts in Ontario, Canada

• Currie – Bowman and Campbell Lake properties have identified Au occurrences along favourable structures and are proximal to known Au deposits

• Well structured TSX-V listed Company

QP Statement

The information in this presentation was prepared under the direction of Paul Davis, P.Geo., President and CEO of Viper Gold Ltd. and, a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects and the analytical sampling program was carried out under the supervision of Duran Venture’s President, Cary Pothorin, P.Geo., a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects and is responsible for all technical information contained in this presentation. Industry standard QA/QC protocol is followed on all of the Company’s exploration projects.

Contact Information

Viper Gold Ltd.

Suite 5700, First Canadian Place

100 King St. W.

Toronto, ON, M5X 1C7

Tel: 416-915-4284

Fax: 416-915-4282

www.vipergoldltd.com

Appendix

2011 Diamond Drill Program

C

A

A

B

BC

Santa Rosa EastDescubridora

Santa Rosa

Santa Rosa East Drill Section

1.50m @ 4.07 gpt Au, 61.2 gpt Ag

1.70m @ 2.15 gpt Au, 1,785 gpt Ag, 2.64% Cu

5.85m @ 0.32 gpt Au, 2.05 gpt Ag

3.70m @ 0.29 gpt Au, 6.35 gpt Ag

6.0m @ 0.02 gpt Au, 16.80 gpt Ag 50 metres

Descubridora

2.50m @ 0.42 gpt Au, 37.74 gpt Ag

3.00m @ 3.57 gpt Au, 25.65 gpt Ag

50 metres

Descubridora Adit Samples

Santa Rosa

2.60m @ 1.18 gpt Au, 96.81 gpt Ag, 2.22% Cu

3.00m @ 0.24 gpt Au, 24.55 gpt Ag

Regional Geology

Orthophoto

Santa Rosa East

• Interpreted as intermediate sulphidation epithermal system

• Proximity to porphyritic intrusive body

• Druzy quartz stockworks

• Banded textures in quartz and quartz/sulphide veins

33.5m @ 1.08 gpt Au and 69.1 gpt AgIncl. 7.5m @ 2.89 gpt Au and 160.7 gpt Ag

3.0m @ 1.85 gpt Au and 8.0 gpt Ag

17.0m @ 1.40 gpt Au and 32.1 gpt Ag

8.0m @ 2.20 gpt Au and 49.6 gpt Ag

7.3m @ 2.05 gpt Au and 15.1 gpt Ag

Descubridora

4.0m @ 7.6 gpt Au, 245.8 gpt Ag2.0m @ 1.7 gpt Au, 62.4 gpt Ag

6.0m @ 2.2 gpt Au, 6.0 gpt Ag

1.2mX0.3m @ 24.3 gpt Au, 116.0 gpt Ag

2.0m @ 1.8 gpt Au, 119.0 gpt Ag

2.0m @ 4.5 gpt Au, 7.5 gpt Ag

Santa Rosa

Non-43-101 compliant historical results