Slide 1: Company Presentation
Company Presentation June 2012
Slide 2: Forward Looking Statements
Forward Looking Statements Certain information set forth in this presentation contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statement
Slide 3: Galane Gold Summary
Galane Gold Summary Summary Trading Symbol GG:TSX-V • Owner (100%) of the Mupane gold mine in Botswana, in Shares O/S 48,233,000 production since 2005 • Annual gold production of approximately 57,000 oz Shares O/S fully-diluted 78,161,233 • No hedges, no NSRs Recent Price (Apr 24, 2012) C$0.85 • Con
Slide 4: Management Team
Management Team Philip Condon • 25 years experience in mining industry, focus on gold and base metals • Former CEO of National Mining Company of Oman, Technical Expert & Chief Executive Development Specialist for Freeport McMoran Copper & Gold Inc., Officer and Engineering Manager for Golden Shamroc
Slide 5: Board of Directors
Board of Directors Ravi Sood • Chairman of Feronia Inc., one of Africa’s oldest operating companies and largest employers Chairman (non- • Former CEO of Navina Asset Management a Toronto-based investment exec) firm • Director of several companies in the Agriculture, Mining, and Oil & Gas sectors • C
Slide 6: Botswana Overview
Botswana Overview Strong Economic Environment Stable and Simple Legal System • Ranked as best mining country in Africa1 • Corporate Tax Rate as low as 22% − Ranked 7th best mining country globally • 5% Royalty on Gold Sales − Political Stability and Legal Stability • IFRS Accounting System • Strong
Slide 7: Galane Operations – The Mupane gold mine
Galane Operations – The Mupane gold mine Type • Conventional open-pit gold mine with mill and carbon-in- Mine Location leach processing Location • Northeastern Botswana in southern Africa • 30 km southeast of the town of Francistown (population of around 100,000) Ownership • 100% of the Mupane gold
Slide 8: Tenements
Tenements 8 Galane Gold Ltd. Company Presentation 8
Slide 9: Regional Soil Sampling Gold
Regional Soil Sampling Gold MONARCH Francistown TEKWANE MAP NORA GOLDEN EAGLE JIM’S LUCK MUPANE RAINBOW Galane Gold Ltd Mining Licences Galane Gold Ltd Exploration Targets MATOPI Greenstone belt outline MOLOMOLO SIGNAL HILL 9 Galane Gold Ltd. Company Presentation 9
Slide 10: Simplified Geology of the Tati Greenstone Belt
Simplified Geology of the Tati Greenstone Belt 10 Galane Gold Ltd. Company Presentation 10
Slide 11: Tati Greenstone Belt Geology & AeroMagnetics
Tati Greenstone Belt Geology & AeroMagnetics 20 kilometres Francistown Total Field AeroMagnetics Geology Directional Filtered AeroMagnetics 11 Galane Gold Ltd. Company Presentation 11
Slide 12: Southern Tati Schist Belt Faulting
Southern Tati Schist Belt Faulting Mupane Radiometrics (Potassium) Mupane AeroMagnetics Unfiltered Mupane AeroMagnetics Filtered 20 kilometres Mupane Geology Mupane Au (ppb) in Soils 12 Galane Gold Ltd. Company Presentation 12
Slide 13: Northern Tati Schist Belt Faulting
Northern Tati Schist Belt Faulting Ultramafic Intrusions Ultramafic Ultramafic Intrusions Intrusions Monarch Radiometrics (Potassium) Monarch AeroMagnetics Unfiltered Monarch AeroMagnetics Filtered Monarc h Mine Ultramafic City of Intrusions Francistown 20 kilometres Shashe Mines Monarch Geology Mon
Slide 14: Proximity of Key Gold Targets to Mill
Proximity of Key Gold Targets to Mill Location of existing Mupane processing and tailings facility Potential for discovery of numerous large gold deposits located within 20 km of existing processing operations 14 Galane Gold Ltd. Company Presentation 14
Slide 15: Exploration Program
Exploration Program Target Cost Description (US$M) Drill and define resource at US$1.9M • Definition and in-fill drilling on known mineralized zones to Jim’s Luck define an NI 43-101 reserve and resource • Drilling of mineralized zones along strike to add to the resource Tau and Tholo Pit drilling U
Slide 16: Low Risk Resource Expansion – Tau and Tholo Pits
Low Risk Resource Expansion – Tau and Tholo Pits • Recent drilling results at the previously mined Tau pit include a 53 m intersection averaging 4.55 g/t Au including: – 24 m at 6.57 g/t Au – 15 m at 5.86 g/t Au • Potential for underground mines at Tau, Golden Eagle, and other locations 16 Galane Go
Slide 17: Low Risk Resource Expansion – Jim's Luck
Low Risk Resource Expansion – Jim’s Luck • The Jim’s Luck Project constitutes a 0.5 million oz exploration target • In excess of 7 km of strike of prospective ironstone lithologies – 830 meters has been drill tested – Known low grade mineralization exists over the balance (6km+) • Production could c
Slide 18: Jim's Luck – 7km of Strike
Jim’s Luck – 7km of Strike 18 Galane Gold Ltd. Company Presentation 18
Slide 19: Jim's Luck – Detailed Drilling
Jim’s Luck – Detailed Drilling 19 Galane Gold Ltd. Company Presentation 19
Slide 20: Additional Growth Opportunities
Additional Growth Opportunities Monarch Mine (Under Application for Prospecting Licence) • Largest historic gold producer (240,000 oz @ +6 g/t Au) and mined to 200 m below surface • Approximately 500,000 tonnes of fines dump at 1.4 g/t Au (preliminary estimate) • Examine the potential below 200 m wh
Slide 21: Additional Growth Opportunities
Additional Growth Opportunities MapNora (Shashe Mine) • Historical operation impeded by the refractory nature of the ore • The Phelps Dodge attempt in late 1980s to early 1990s failed due to metallurgical complexities • High grade shoots (>10 g/t Au) are continuous down plunge allowing for a potenti
Slide 22: Additional Growth Opportunities
Additional Growth Opportunities Matopi • Virgin discovery by Gallery Gold in 1997 as a coincident gold and arsenic in soil geochemistry anomaly • Preliminary trenching and drilling show a large but low grade and discrete ultramafic unit with uniform mineralization e.g. 35 m @ 0.85g/t Au (including 4
Slide 23: Milestones
Milestones 2011 Complete Review of Org Structure and skills requirements Implement Organisational Restructuring Complete Exploration Plan Carryout Initial Mine Plan Review Identify impediments to performance above plan 2012 Complete Acquisition of Northern Lights Exploration Resource E
Slide 24: Investment Highlights
Investment Highlights Immediate Leverage Experienced Operating Exploration Upside to Spot Gold Management • Unhedged gold producer • Control all prospective ground on • Strong operators with the ability • Free cash flow from current 2016 the Tati Greenstone belt to optimize and expand the mine plan
Slide 25: The Galane Gold logo was designed by an employee in a company-wide contest. The
The Galane Gold logo was designed by an employee in a company-wide contest. The blue and black bars in the official colours of Botswana represent the hands of Batswana protecting the country’s resources for the betterment of the country and its people. 25 Galane Gold Ltd. Company Presentation
Slide 26: Contacts
Contacts Philip Condon Chief Executive Officer Philip@GalaneGold.com Mobile: +267 72 338 331 Ravi Sood Chairman (non-executive) Ravi@GalaneGold.com Mobile: +1 647 987 7663 Investor Relations IR@GalaneGold.com Phone: +1 416 907 2027 26 Galane Gold Ltd. Company Presentation