North Country Gold

“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.”


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Building the next Canadian gold district

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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


Poised for growth – resource expansion 5

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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

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500

1000

1500

2000

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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: [email protected]

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North Country Gold

Business

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