TSX:CNL OTCQX:CGOOF

Corporate Presentation September 2012 Corporate Presentation September 2012 !"#"$%"&'()*('+,&-,&./"'0&"1"2/.3,2'

HIGH-GRADE C O L O M B I A N

The  forward-­‐looking  informa3on  contained  herein  is  presented  for  the  purpose  of  assis3ng  investors  in  understanding  the  Company’s  expected  financial  and  opera3onal  performance  and  results  as  at  and  for  the  periods  ended  on  the  dates  presented  in  the  Company’s  plans  and  objec3ves  and  may  not  be  appropriate  for  other  purposes.  

This  presenta3on  does  not  cons3tute  a  prospectus  or  other  form  of  offering  document  rela3ng  to  Con3nental  Gold  Limited  (the  “Company”),  and  does  not  cons3tute  an  offer  or  invita3on  to  purchase  or  subscribe  for  any  securi3es  of  the  Company  or  any  other  company  and  should  not  be  relied  on  in  connec3on  with  a  decision  to  purchase  or  subscribe  for  any  such  securi3es.  This  presenta3on  does  not  cons3tute   a   recommenda3on   regarding   any   decision   to   sell   or   purchase   securi3es   of   the   Company   or   any   other   company.   These   presenta3on   slides   (the   “Slides”)   and   the   accompanying   verbal  presenta3on  are  confiden3al  and  are  being  supplied  to  you  solely  for  your  informa3on  and  may  not  be  reproduced  or  distributed  to  any  other  person  or  published,  in  whole  or  in  part,  for  any  other  purpose.  No   reliance   should   be   placed   for   any   purpose  whatsoever   on   the   informa3on   contained   in   the   Slides   and   the   accompanying   verbal   presenta3on  or   the   completeness   or   accuracy   of   such  informa3on.  No  representa3on  or  warranty,  express  or  implied,  is  given  by  or  on  behalf  of  the  Company  or  its  shareholders,  directors,  officers,  or  employees  or  any  other  person  as  to  the  accuracy  or  completeness  of  the  informa3on  or  opinions  contained  in  this  presenta3on,  and  no  liability  is  accepted  for  any  such  informa3on  or  opinions  (including  in  the  case  of  negligence,  but  excluding  any  liability  for  fraud).  The  technical  informa3on  about  the  Company’s  mineral  proper3es  and  explora3on  ac3vi3es  contained  in  this  presenta3on  has  been  reviewed  and  approved  by  Mr.  Mark  Moseley-­‐Williams,  an  officer  of  the  Company,  who  is  a  “qualified  person”  within  the  meaning  of  Na3onal  Instrument  43-­‐101.  

CAUTION  REGARDING  FORWARD-­‐LOOKING  STATEMENTS  Except   for   statements   of   historical   fact   rela3ng   to   the   Company,   certain   informa3on   contained   in   this   presenta3on   cons3tutes   “forward-­‐looking   informa3on”   under   Canadian   securi3es   legisla3on.  Forward-­‐looking   informa3on   includes,  but   is  not   limited   to,   statements  with   respect   to   the  poten3al  of   the  Company’s  proper3es,  es3mates  of  concentra3on  of  mineraliza3on  and  mineral   resource  quan33es,  mineral  resource  quali3es,  the  poten3al  scope  and  context  of  the  mineralized  area,  the  poten3al  for  upgrading  the  mineral  resource  es3mate,  the  Company’s  explora3on  and  drilling  targets,    explora3on  and  mine  development  plans,  goals,  objec3ves  and  plans,  and  other  statements  rela3ng  to  the  financial  and  business  prospects  of  the  Company.  

Generally,  forward-­‐looking  informa3on  can  be  iden3fied  by  the  use  of  forward-­‐looking  terminology  such  as  “plans”,  “expects”  or  “does  not  expect”,  “is  expected”,  “budget”,  “scheduled”,  “es3mates”,  “forecasts”,   “intends”,   “is   projected”,   “an3cipates”   or   “does   not   an3cipate”,   “believes”,   “targets”   or   varia3ons   of   such   words   and   phrases.   Forward-­‐looking   informa3on  may   also   be   iden3fied   in  statements  where  certain  ac3ons,  events  or  results  “may”,  “could”,  “should”,  “would”,  “might”  or  “will  be  taken”,  “occur”  or  “be  achieved”.  

Forward-­‐looking   informa3on   is  based  on  the  reasonable  assump3ons,  es3mates,  analysis  and  opinions  of  management  made   in   light  of   its  experience  and   its  percep3on  of  historical   trends,  current  condi3ons  and  expected  future  developments,  as  well  as  other  factors  that  management  believes  to  be  relevant  and  reasonable  in  the  circumstances  at  the  date  that  such  statements  are  made.  Forward-­‐looking  informa3on  is  inherently  subject  to  known  and  unknown  risks,  uncertain3es  and  other  factors  that  may  cause  the  actual  results,  level  of  ac3vity,  performance  or  achievements  of  the  Company  to  be  materially  different   from  those  expressed  or   implied  by  such  forward-­‐looking   informa3on,   including  but  not   limited  to  risks  related  to:   failure  to  establish  es3mated  mineral  resources;   the  grade,  quality  and  recovery  of  mineral  resources  varying  from  es3mates;  risks  related  to  the  explora3on  stage  of  the  Company’s  proper3es;  the  possibility  that  future  explora3on  results  will  not  be  consistent  with  the  Company’s  expecta3ons  (including  iden3fying  addi3onal  and/or  deeper  mineraliza3on);  changes  in  the  price  of  gold;  changes  in  equity  markets;  poli3cal  developments  in  Colombia;  uncertain3es  rela3ng  to  the  availability  and  costs  of  financing  needed  in  the  future;  changes  to  regula3ons  affec3ng  the  Company’s  ac3vi3es;  delays  in  obtaining  or  failures  to  obtain  required  regulatory  approvals;  the  uncertain3es   involved   in   interpre3ng  drilling  and  explora3on  results  and  other  geological  data  and  other   factors   (including  explora3on,  development  and  opera3ng  costs  and   risks);  as  well  as   those  further   discussed   in   the   sec3on   en3tled   “Descrip3on   of   the   Business:   Risks   of   the   Business”   in   the   Company’s   Annual   Informa3on   Form   and   other   regulatory   filings  which   are   available   under   the  Company’s  profile  on  SEDAR  at  www.sedar.com.  

Although  management  of  the  Company  has  a`empted  to  iden3fy  important  factors  that  could  cause  actual  results  to  differ  materially  from  those  contained  in  forward-­‐looking  informa3on,  other  factors  could  also  cause  materially  different  results.  There  can  be  no  assurance  that  forward-­‐looking  statements  will  prove  to  be  accurate,  as  actual  results  and  future  events  could  differ  materially  from  those  an3cipated   in   such   statements.  Accordingly,   readers   should  not  place  undue   reliance  on   forward-­‐looking   informa3on.  The  Company  does  not  undertake   to  update  any   forward-­‐looking   informa3on,  except  in  accordance  with  applicable  securi3es  laws.  Differences  in  Repor=ng  of  Resource  Es=mates    This  presenta3on  was  prepared  in  accordance  with  Canadian  standards  for  repor3ng  of  mineral  resource  es3mates,  which  differ  in  some  respects  from  United  States  standards.  In  par3cular,  and  without  limi3ng   the   generality   of   the   foregoing,   the   terms   “inferred   mineral   resources,”   “indicated   mineral   resources,”   “measured   mineral   resources”   and   “mineral   resources”   used   or   referenced   in   this  presenta3on  are  Canadian  mineral  disclosure  terms  as  defined  in  accordance  with  Canadian  Na3onal  Instrument  43-­‐101  –  Standards  of  Disclosure  for  Mineral  Projects  under  the  guidelines  set  out  in  the  Canadian  Ins3tute  of  Mining,  Metallurgy  and  Petroleum  (the  “CIM”)  Standards  on  Mineral  Resources  and  Mineral  Reserves  (the  “CIM  Standards”).  The  CIM  Standards  differ  significantly  from  standards  in  the   United   States.   While   the   terms   “mineral   resource,”   “measured   mineral   resources,”   “indicated   mineral   resources,”   and   “inferred   mineral   resources”   are   recognized   and   required   by   Canadian  regula3ons,  they  are  not  defined  terms  under  standards   in  the  United  States.  “Inferred  mineral  resources”  have  a  great  amount  of  uncertainty  as  to  their  existence,  and  great  uncertainty  as  to  their  economic  and  legal  feasibility.  It  cannot  be  assumed  that  all  or  any  part  of  an  inferred  mineral  resource  will  ever  be  upgraded  to  a  higher  category.  Readers  are  cau3oned  not  to  assume  that  all  or  any  part  of  measured  or  indicated  mineral  resources  will  ever  be  converted  into  mineral  reserves.  Readers  are  also  cau3oned  not  to  assume  that  all  or  any  part  of  an  inferred  mineral  resource  exists,  or  is  economically  or   legally  mineable.  Disclosure  of  “contained  ounces”  in  a  mineral  resource  is  permi`ed  disclosure  under  Canadian  regula3ons;  however,  United  States  companies  are  only  permi`ed  to  report  mineraliza3on  that  does  not  cons3tute  “reserves”  by  standards  in  the  United  States  as  in  place  tonnage  and  grade  without  reference  to  unit  measures.  Accordingly,  informa3on  regarding  mineral  resources  contained  or  referenced  in  this  presenta3on  containing  descrip3ons  of  our  mineral  deposits  may  not  be  comparable  to  similar  informa3on  made  public  by  United  States  companies.      

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Management  Ari  Sussman  CEO  and  Director  •  Over  15  years  of  experience  in  the  mining  industry  •  Co-­‐founder  and  Former  Execu3ve  Chairman  of  Colossus  Minerals  Inc.,                

2006  –  2012  •  Raised  over  C$500  million  since  2006  for  various  companies  

Mark  Moseley-­‐Williams,  BSc.,  MBA*  President  and  Chief  Opera4ng  Officer  •  Mining  engineer  with  over  17  years  of  experience  in    mine  construc3on,  

expansion  projects  and  opera3ons  in  the  Americas  •  Previous  experience  includes  Agnico-­‐Eagle  Mines  Limited,  Kinross  Gold  Corp.,  

Coeur  d'Alene  Mines  Corp.,  Fortuna  Silver  Mines  Inc.  

Paul  Begin,  CA,  MBA  Chief  Financial  Officer  •  Chartered  Accountant  with  over  10  years  of  experience    •  Formerly  CFO  with  Hanfeng  Evergreen  Inc.,  Trilliant  Incorporated  and  OZZ  

Corpora3on  

Gustavo  Koch,  MA  Execu4ve  Vice-­‐President  •  Lawyer  with  over  17  years  of  experience  managing  extensive  poriolio  of  

mining  licenses  in  Colombia,  including  Con3nental’s  poriolio  

Arturo  Salvador  General  Manager  •  Over  25  years  of  experience  in  underground  mines  in  La3n  America  •  Previously  with  Volcán  Compañía  Minera  and  was  the  former  General  

Manager  of  Fortuna  Silver’s  Caylloma  mine  •  Bachelor  of  Science  in  Mining  Engineering  from  the  Universidad  Nacional  de  

Ingeniería  in  Lima,  Peru  and  also  holds  an  MBA  from  the  Escuela  Superior  de  Administración  de  Negocios  (ESAN)  in  Lima,  Peru  

Eduardo  Otoya  Rojas  Vice-­‐President,  Corporate  Affairs  •  Lawyer  specializing  in  economic  legisla3on,  with  over  18  years  of  management  

experience  •  Former  General  Manager  and  Legal  Representa3ve  of  Fron3no  Gold  Mines  •  Previously  held  management  and  legal  posi3ons  in  Empreserial  de  Fiduagraria  

(finance  sector),  Superintendencia  de  Sociedades  (government  sector),  and  Concasa  and  Invercrédito  (banking  sector)  

   

Luis  Felipe  Huerta  Project  Manager  •  Over  19  years  of    experience  in  the  engineering    of  mines  in  La3n  America  •  Previous  experience  includes  Graña  y  Montero,  GMI  &  Fluor  Daniel,  Noberto  Odebrecht  and  

Compañia  Minera  Atacocha  and  was  the  former  Project  Manager  of  Fortuna  Silver’s  San  Jose  mine  

•  Bachelor  of  Science  in  Civil  Engineering  and  Masters  in  Structural  Engineering  from  Universidad  Nacional    de  Ingeniería    as  well  as  Advanced  Studies  in  Project  Management  from  the  ESAN  

 Mauricio  Castañeda  Vice-­‐President,  Explora4on  •  13+  years  of  La3n  American-­‐focused  mining  experience  •  Specializes  in  produc3on  stage  and  underground  explora3on  •  Previously-­‐held  senior  posi3ons  with  Anglo  American  Colombia  Explora3on,  ColGold  Inc.  

Colombia,  Consorcio  de  Inversionistas    S.A.  and  Mineros  Nacionales  S.A.    Chris  Grainger,  PhD*  Vice-­‐President,  Explora4on  -­‐  Regional  •  15+  years  of  experience  as  a  geologist  in  South  America  •  Former  Chief  Geologist  of  Colossus  Minerals  Inc.  •  Previous  experience  includes  Troy  Resources,  LionOre  Australia,  Legend  Mining,  INCO  Brazil,  

CVRD  Brazil      Vic  Wall,  PhD*  Special  Advisor  •  Geologist  with  over  30  years  of  interna3onal  experience  •  Co-­‐winner  of  the  Goldcorp  challenge  in  2001  •  Chief  Geologist,  MIM  Explora3on  Pty.  Ltd  (1989−1996)  •  Co-­‐founder  &  former  VP,  Explora3on  of  Colossus  Minerals  Inc.    Greg  Hall,  BAppSc  Special  Advisor  •  Over  35  years  of  experience  in  the  mining  industry  •  Chief  geologist  world-­‐wide  of  Placer  Dome  un3l  the  Barrick  takeover  −  credited  discoveries  

include  Granny  Smith  Mine  (Barrick)  and  Yandi  Mine  (Rio  Tinto)  

      *NI  43-­‐101  Qualified  Person  

5  

Board  of  Directors  

Robert  Allen  Chairman  of  the  Board  •  Over  40  years  of  Colombian  experience  iden3fying,  financing    

and  developing  mineral  proper3es  including  Con3nental’s  poriolio  

•  Chairman  and  Director,  Grupo  de  Bullet  S.A.  and  Bullet  Holding  Corpora3on  

 Ari  Sussman  CEO  and  Director  •  Over  15  years  in  the  mining  industry  

•  Co-­‐founder  and  Former  Execu3ve  Chairman  of  Colossus  Minerals,                                2006  –  2012  

•  Raised  over  C$500  million  since  2006  

Patrick  Anderson  Director  •  CEO  and  Director  of  Dalradian  Resources  

•  Former  President  and  CEO  of  Aurelian  Resources  •  Co-­‐credited  with  discovery  of  FDN  Deposit  in  Ecuador  •  The  Northern  Miner’s  Mining  Man  of  the  Year  (2009)  •  Director  of  Colossus  Minerals  

 

Jaime  I.  Gu=érrez  Director  •  Over  25  years  of  mining  industry  experience  

•  General  Manager  of  Colombian  gold  smelter  company  CIIGSA  

 

 

 

Paul  J.  Murphy  Director  •  Execu3ve  VP,  Finance  and  CFO  at  Guyana  Goldfields  

•  Former  Na3onal  Mining  Leader  and  West  Cluster  Leader  in  Canada  at  PriceWaterHouseCoopers  LLP  

•  Director  of  Alamos  Gold  and  Century  Iron  Mines  Corpora3on    

Dr.  Kenneth  Thomas,  P.Eng  Director  •  Over  45  years  of  mining  sector  experience  •  Former  Senior  Vice  President  at  Barrick  Gold  Corpora3on  and  

Kinross  Gold  •  2001  Selwyn  G.  Blaylock  Medal  for  achievement  in  

interna3onal  mine  design  from  Canadian  Ins3tute  of  Mining  Metallurgy  &  Petroleum  

 

Tim  Warman,  P.Geo  Director      •  President  of  Dalradian  Resources  •  Former  President  and  CEO  of  Malbex  Resources      •  Former  Vice  President  of  Corporate  Development  of  Aurelian  

Resources  Inc.    

 

 

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Yaraguá Mine

Portals

Yaraguá System

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Breccia Buriticá Breccia Intrusion-Sed Sediments

Buriticá Intrusions Drill Intercepts Gold (g/t)

10 – 30 30 - 100

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15  

Buri3cá:  Yaraguá  -­‐  Tonnage  and  Gold  Grade  vs.  Eleva3on  

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0

0.00 0.30 0.60 0.90 1.20

1175

1225

1275

1325

1375

1425

1475

1525

1575

1625

1675

Level  RL  (m)

Gold  grade  g/t  

Millions  of  tonnes  (50m  vertical  slice)

Level  RL  (m)

1175 1225 1275 1325 1375 1425 1475 1525 1575 1625 1675

Mtonnes  (50m  vertical) 0.68 0.89 1.05 0.94 0.84 0.89 0.90 0.73 0.42 0.19 0.02Thousands  of  ounces  gold  

(50m  vertical) 205 345 433 395 397 409 443 321 138 51 5

Gold  g/t 9.4 12.1 12.8 13.1 14.8 14.3 15.3 13.6 10.1 8.2 6.6

Yaragua  Tonnes  and  Grade  (>  4g/t  Au)  vs  Elevation  

Mtonnes  (50m  vertical)

Gold  g/t

Yaraguá  Tonnes  and  Grade  (>4g/t  Au)  vs  Eleva=on  

Veta Sur System

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18  

Buri3cá:  Veta  Sur  -­‐  Tonnage  and  Gold  Grade  vs.  Eleva3on  

0.0 4.0 8.0 12.0 16.0 20.0 24.0

0.00 0.10 0.20 0.30 0.40 0.50 0.60

1175

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Gold  grade  g/t  

Millions  of  tonnes  (50m  vertical  slice)

Level  RL  (m)

1175 1225 1275 1325 1375 1425 1475 1525 1575 1625 1675

Mtonnes  (50m  vertical) 0.13 0.25 0.43 0.58 0.58 0.34 0.28 0.41 0.57 0.50 0.22Thousands  of  ounces  gold  

(50m  vertical) 43 79 123 143 141 86 69 117 259 258 164

Gold  g/t 10.0 9.7 8.9 7.7 7.5 8.0 7.6 8.9 14.1 16.1 22.8

Veta  Sur  Tonnes  and  Grade  (>  4g/t  Au)  vs  Elevation  

Mtonnes  (50m  vertical)

Gold  g/t

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26  

Buri3cá:  Future  Site  Plan*  

*Preliminary  mine  plan  is  dependent  on,  among  other  things,  con3nued  explora3on  success,  environmental  and  board  approvals,  comple3ng  a  posi3ve  feasibility  study    and  the  determina3on  that  the  deposit  is  economically  viable  

Crusher  

Stockpile  

Grinding  /  Flota3on  

Leading  /    CCD  

Merrill  Crowe  

Refinery  

Tailings    Storage  

Tailings    Filters  

Opera3ve    Camp   Water    

Treatment  Plant  

Recrea3on    Area  

Staff    Camp  

Offices  Mine  Dry  

Control  Gate  

Diesel  

Warehouse  

Truck  Shop  

Dining  Room  

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Berlin:  Overview  

•  25,059  ha,  100%-­‐owned  

•  18,869  ha  registered  

•  6,190  ha  pending  registra3on  

•  Located  90  km  NNE  of  Medellín  in  the  Department  of  An3oquia  

•  Large-­‐scale  mesothermal  gold  vein  system  

•  11  km  of  mineralized  strike  to  test    

•  Phase  I  drill  program  to  commence  in  near  future  

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Analyst  Coverage  

TD  Securi3es   Daniel  Earle   daniel.earle@tdsecuri3es.com   Specula3ve  Buy;  $15.00  

Dundee  Securi3es   Ron  Stewart   rstewart@dundeesecuri3es.com   Specula3ve  Buy;  $15.00  

Clarus  Securi3es   Jamie  Spra`   jspra`@clarussecuri3es.com   Specula3ve  Buy;  $14.00  

GMP  Securi3es   George  Albino   galbino@gmpsecuri3es.com   Buy;  $13.25  

S3fel  Nicolaus   Craig  Stanley   stanleyc@s3fel.com   Buy;  $12.00  

Raymond  James     Gary  Baschuk     gary.baschuk@raymondjames.ca   Outperform;  $11.25  

RBC  Capital  Markets   Michael  Curran   michael.curran@rbccm.com   Sector  Perform;  $11.00  

42  

Con3nental  is  followed  by  the  analysts  listed  above.  Note  that  any  opinions,  es3mates  or  forecasts  regarding  Con3nental  made  by  these  analysts  are  the  analysts'  opinions  and  do  not  represent  opinions,  es3mates  or  forecasts  of  Con3nental  or  its  management.  Con3nental  does  not  imply  endorsement  by  the  analyst  coverage  referenced  above.  

Aiming to be the Newest Hard Rock Gold Producer in Colombia Nisha  Hasan  Director,  Investor  Rela3ons  +1.416.583.5611  info@con3nentalgold.com  

TSX:CNL      OTCQX:CGOOF