Mcewen Inc. · NYSE:MUX
Mcewen — U S Gold — Investor Presentation (March 2008)
24 slides from Mcewen's investor presentation, Mar 26, 2008
Slide 1: US Gold Exploration: Nevada & Mexico
a ————— US*GGLD UXG Exploration Nevada & Mexico 7 March 26, 2008
Slide 2: [LOGO]
[LOGO]
Slide 3: Gold Price (US $)
Gold Price (US $) Gold Bull - 3 Steps HOM 8 O)/ 2000 + $1000 $440=$850 Significantly $250-$440 World Audience Higher USA Audience | G Billion +_300.Million = a =) — n 0 2000 2002 2004 2006 2008 2010
Slide 4: Gold vs Major Currencies
Gold vs Major Currencies 2001-2004 US Dollar 61% Rand 20% Pound 25% a 14% ro 12% AUS 15% *As of Mar 25, 2008 2001-Present® 208% 266% 169% 181% 122% 113%
Slide 5: [LOGO]
[LOGO]
Slide 6: Our Predictions
Our Predictions
Slide 7: US T-Bill Yield
10 YR US T-Bill Yield
Slide 8: Share Performance
Share Performance Senior V. Junior Gold Equities Jul Sept Nov Jan 2008 Mar
Slide 9: US Gold Preview
US Gold Preview Shares: 95MM Shares o/s 109 MM Shares f/d Cash: $30 MM (Dec. 31, 2007) a 660,850 shares %: 22% =< *Year Avg. (Mar. 25, 2008)
Slide 10: Close to Home - US $ Zones
Close to Home - US $ Zones “ae . a, & <
Slide 11: Nevada's Cortez Trend
Nevada's Cortez Trend <= BARRICK #1 in the World Next Door, $36.6 Billion* G US Gold O US Gold JV US*G LB ® Barrick @® Newmont YY Major Gold Discovery #2 in the World mt —! $19.3 Billion* = Km Nl *As of March 25, 2008
Slide 12: [LOGO]
[LOGO]
Slide 13: Area Shown
Area Shown
Slide 14: Cortez Trend drill intercepts
0.147 opt Au over 55 ft Sy 0.149 opt Au over 54 ft 0.113 opt Au over 40 ft within 0.044 opt Au over 165 ft Rooster Area Middle Area Area Shown "a @S 0.097 opt Au over 59.5 ft 0.203 opt Au over 25 ft _ s 0.124 opt Au over 45 ft e 0.138 opt Au over 24 ft
Slide 15: Nevada Drivers
Nevada Drivers + Tonkin Resource Est. 02 - Limo Resource Est. 03 + GoltiBar Resource Est. 02
Slide 16: Magistral, Mexico: 400,000 Acres
Pacific Ocean 0 125 250 Miles 0 200 400 —_ United States Mexico Magistral 400,000 Acres
Slide 17: Land Position
5 i Land Posten:
Slide 18: Magistral 2005 Gold Production
Magistral 2005 Gold Production Gold Production: 24,250" Cash Cost: $350 Gold Price: $430 _ *Six months annualized
Slide 19: Magistral Resource Estimate
Magistral Resource Est."”” Gold (0z.) Grade (opt.) Measured 420,271 0055 Indicated 120,739) 0.046 Total = 541,016 0.053 *Canadian NI 43-101 (Sept. 2006) ** SEC 541,016 oz. Au Mineralized Material
Slide 20: Gold Veins Explored
Gold Veins Explored Gold Veins Unexplored
Slide 21: Shakira and Magistral drill intercepts
Shakira - | 0.454 opt Au, 20.99 opt Ag over 9.8 ft within 0.036 opt Au, 1.740 opt Ag over 147.6 ft 7 A \ sis Magistral Mine Twin Domes 0.047 opt Au over 68.9 ft & 0.541 opt Au over 40 ft ; \ “ 0.053 opt Au over 49.2 ft Les opt Au over 62.2 ft . \ < ee CobreLomas A \ ‘3 ey 0.320 opt Au over 9.8 ft y”
Slide 22: Share Structure & Cash
Share Structure & Cash Shares: AMEX/TSX 95 MM Shares o/s 109 MM Shares f/d Cash: $30 MM (vec 31, 2007) Avg. Vol“: 660,850 shares 52Week: $7:19-2.271 Current: $2.66 ——< ) *As of Mar 25, 2008 **Year Avg.
Slide 23: For Further Information
For Further Information Please Contact: scam
Slide 24: Cautionary Statement
Cautionary Statement Certain statements contained herein and subsequent oral statements made by and on behalf of the Company may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are often identified by wo