HYCROFT RESOURCES & DEVELOPMENT INC. Allied Nevada Gold Corp.

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Evolving U.S. Gold and Silver Producer

HISTORY & MILESTONES

Mar

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2009

2010

2011

2012

2008

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$0.3

Allied Nevada becomes publically traded company listed on the TSX and Amex exchanges

Allied Nevada acquires Vista’s Nevada assets and the mineral assets of Carl Pescio

Allied Nevada incoroported as wholly owned subsidiary of Vista Gold

Private placement raising US $15.6 million

Board approves re-opening of Hycroft Mine

Hycroft resource estimate of 5.2 mm ozs Au and 75 mm ozs Ag

Reports doubling of reserves to 2.4 mm ozs Au and 32.3 mm ozs Ag Completes cross-

border financing for gross proceeds of US$91.3 million

First gold production from Hycroft Equity financing

raising US$67.7 million

Completes cross-border financing for gross proceeds of US$270.5 million

Further increases reserves to 12.7 mm oz Au and 481.9 mm ozs Ag

Reports positive mill expansion feasibility study

Increases reserves to 10.2 mm ozs Au and 388.6 mm ozs Ag

Announces expansion opportunities for Hycroft

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Hycroft Initial Capital Expenditures (millions) $220 $270 $374 $325

Enviable Production Growth Profile: Gold

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• Mining rate continues to increase with the ongoing implementation of larger mining equipment– By year end 2011 the Company had added:

2 x EX 5500 Hitachi hydraulic shovels (pictured below)2 x EX 3500 Hitachi hydraulic shovels7 x 320-ton Komatsu haul trucks (pictured below)2 x Pit Viper production drills

• Major infrastructure upgrades and increased processing capabilities initiated and/or completed in 2011 4-bay truck shop for larger mining equipment (completed) Increase pumping capacity to the leach pads Increased solution processing capabilities of the Merrill Crowe facility from 5,000 gpm to

8,000 gpm (completed) Increased Brimstone leach pad space to 9.1 mm square feet (completed) Complete construction of Lewis leach pad for an additional leach pad space of 3.0 mm

square feet (completed in Q1 2012)

Hycroft: Expansion Progress

Taxes and Fees

2011• Property Taxes $660k• Permit Fees $180k• Net Proceeds Tax $2.3M• Sales Tax $5.1M• Employer Taxes $1.4M

Total $8.7M

2012 Estimate• Property Taxes $860k• Permit Fees $180k• Net Proceeds Tax $6.1M• Sales Tax $13.8M• Employer Taxes $1.8M

Total $22.5M

Workforce

• 2008 – 102 Employees

• 2009 – 157 Employees

• 2010 – 209 Employees

• 2011 – 276 Employees

• 2012 – 370 Employees

• 2011 Labor Cost $25.4M – 2012 Labor Cost $29.1M

• Over 1,500 contractor employees on site in 2011

Hycroft EIS

• Draft EIS is currently in the public comment phase

• Comment Period Ends March 12th

• The BLM process is about a month ahead of the original schedule

• Record of Decision in August 2012