Corporate Presentation

MARCH 2013

TSX: QMX

2 TSX: QMX MARCH 2013

Disclaimers

FORWARD-LOOKING INFORMATION: This presentation contains certain “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and condition of QMX Gold Corporation. Forward-looking information includes, but is not limited to, statements with respect to estimated production and mine life of the various mineral projects of QMX Gold Corporation; the benefits and the development potential of the properties of QMX Gold Corporation; the future price of gold; the estimation of mineral reserves and resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; success of exploration activities; and currency exchange rate fluctuations. Forward-looking information may be characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Assumptions upon which such forward-looking information is based on the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of mineral reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; and general economic conditions. Many of these assumptions are based on factors and events that are not within the control of QMX Gold and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information includes changes in market conditions, variations in ore grade or recovery rates, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed or referred to in the annual Management’s Discussion and Analysis and Annual Information Form for QMX Gold Corporation filed with the securities regulatory authorities in Canada and available at under the corporations profile on SEDAR at www.sedar.com. Although QMX Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. QMX Gold undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking information to the extent they involve estimates of the mineralization that will be encountered if the property is developed. Comparative market information is as of a date prior to the date of this presentation. IMPORTANT NOTICE: This presentation does not constitute an offer to buy or an invitation to sell, any of the securities of QMX Gold Corporation. Such an offer may only be made pursuant to a registration statement and prospectus filed with the U.S. Securities and Exchange Commission and an offer to purchase and circular filed with Canadian securities regulatory authorities. CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES: This presentation uses the terms “Measured, “Indicated” and “Inferred” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. “Inferred 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 resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. NATIONAL INSTRUMENT 43-101: David Rigg, the Chairman of the Company and a Qualified Person under NI 43-101, has supervised the preparation of and approved the scientific and technical information in this presentation. This presentation contains information relating to a feasibility study that includes Inferred mineral resources which are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will be realized.


MANITOBA

Snow Lake Mine Gold Production and Exploration property located in Manitoba’s premier mining town, Snow Lake–home to Hudbay’s Lalor Mine.

QUEBEC

Lac Herbin Mine Gold Production and Exploration property in the mineral-rich Val d’Or region

Toronto


Snow Lake Mine – Growth

Recently operated by Kinross/High River Gold from 1995-2005, producing 822,550 ounces gold

Total historic production of 1.44 M ounces gold from Main Mine, No. 3 Zone, and Birch deposits

— Mined: 12.1 M tons @ 4.67 g/t Au

All surface installations in place — Mine rebuilt in 1995 under TVX-High River JV — Crushing, milling and mine infrastructure in

excellent condition

Permitting and environmental licenses maintained

Existing access to ore zone in Main Mine plus ramp access to ore zone in #3 Zone


Feasibility Study of Main Mine & #3 Zone – October 2010

Pre-Production Capital Expenditures $40.8 million Sustaining Capital Cost $36.1 million Internal Rate of Return (IRR) 79% Payback Period 1.7 years Recoveries 93.3 % Average Annual Production 83,000 oz.Au Mine Life 5 years Cash Cost (LOM) US$ 640/oz.Au Cash Cost (LOM) CDN$ 81.41/ tonne Accumulated Cash Flow (Pre Tax) $140.7 million ¹

¹ Bloomberg average consensus modelled gold prices used based on 2011 – US$1,277, 2012 – US$1,303, 2013 – US$1,276, 2014 onwards – US$1,051. Average realized sale price for the project US$1,190

Canadian/US foreign exchange at 2011 – 1.04, 2012 at 1.04, 2013 at 1.04 and 1.06 onwards.

² Cut off grade of 1.95 g/t

Reserves / Resources:

Proven and Probable Reserve (4.04 g/t) 451,900 oz.Au

Measured and Indicated Resources (4.14 g/t) ² 728,000 oz.Au Inferred Resources (4.43 g/t) ² 336,700 oz.Au

Snow Lake Mine – Feasibility


Recent internal review identified potential alternatives to the original estimates set forth in the Snow Lake Mine Feasibility Study

Key potential changes include:

Enlarging the man-camp from a 50-person camp to a 100-person camp to reflect the potential need to recruit additional workers from outside the local area

Operating leases for equipment throughout life of mine vs. purchase after reaching commercial production

Overall impact expected to increase cash costs to US$825/oz

(additional US$185/oz of cash costs or US$75mm over life of mine)

Snow Lake Mine – Feasibility


Snow Lake Mine - Infrastructure


Snow Lake Mine – Schedule

3 Zone Dewatering + Reconditioning

3 Zone Pre-Production from ramp

3 Zone Production from ramp

Shaft & Mine Reconditioning

Main Mine Pre-Production

Main Mine Production

Q1

Q2

Q3

Q4

Q5

Q6

Q7

Q8

Q9

Q 10

Q 11

Q 12

Q 13

Q 14

Q 15

Q 16

Q 17

Q 18

Q 19

Q 20

Q 21

Q 22

Q 23

Q 24

1

2

1

2

3

4

Boundary Zone Main Mine Kim Zone No.3 Zone

1 2 3 4

2 1

Snow Lake Production Begins

Commercial Production 2,000 TPD in Q7

1780L


Snow Lake Mine - Exploration

Mining Camp with 16 known

mineral deposits

Location and Geology

Snow Lake

Lalor

No. 3 Zone

Snow Lake Mine

Birch Zone

Kim Zone

#3 Zone

Boundary Zone

Snow Lake Mine

Bounter Zone

Caper Zone

East Zone


Upper Main Mine Area

2011 exploration identified additional extensions to mining areas on the upper mine levels

Exploration effort increased our confidence in the mineralized structures within the zone and around the mine area

Additional areas of potential will be delineated when they can be accessed from the underground

Snow Lake Mine - Exploration


LAC HERBIN—Turnaround and Beyond

2012

Upper level of production goal achieved with 20,100 ounces produced

Success with Turnaround Plan: increased average recoveries at Aurbel Mill to 90%

Continued mine exploration to bolster current outlook: identified potential within the Bonanza, FL and S1 zones

2013

Continue to review of life of mine plan (and reserve)

Introduce 2013 production and cash cost guidance with year end financial information

Continue to replace and grow resources

Lac Herbin – Production

2012 Quarterly Production Goal

Turnaround

Commences

2012 Cash Cost Guidance

$1,500 $1,300

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00

$3,000.00

Q1 Q2 Q3 Q4 Q1 Q2 Q3

2011 2012

Lac Herbin Average Cash Cost

0.00 1,000.00 2,000.00 3,000.00 4,000.00 5,000.00 6,000.00 7,000.00 8,000.00 9,000.00

10,000.00

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2009 2010 2011 2012

Ou

nce

s R

eco

vere

d

Lac Herbin Production


Mineral Reserves and Resources

*Mineral reserves are also included in Mineral resource values (1) 43-101 Technical Report on Mineral Reserve Estimate at the Lac Herbin Mine, April 18, 2011 prepared by Austin Hitchins, B.Sc., P. Geo., Audrey Lapointe, B.Sc., P. Geo. and Patrick Sévigny, Ing., (2) Snow Lake Mine Re-activation Project Technical Report NI 43-101 , December 10. 2010 prepared by Mr. Andre Roy Eng.

(3)

LAC HERBIN(1)

(Cut-off 5.0 g/t ) SNOW LAKE(2)

(Cut-off 1.95 g/t )

Tonnes g /t Oz Au Tonnes g /t Oz Au

Proven 43,000 7.45 10,300 7,000 3.81 900

Probable 96,000 6.45 19,900 3,470,000 4.04 451,000

TOTAL 138,000 6.81 30,200 3,477,000 3.9 451,900

Mineral Reserves


*Mineral Reserves are also included in Resource values (1) 43-101 Technical Report on Mineral Reserve Estimate at the Lac Herbin Mine, April 18, 2011 prepared by Austin Hitchins, B.Sc., P. Geo., Audrey Lapointe, B.Sc., P. Geo. and Patrick Sévigny, Ing., (2) Snow Lake Mine Re-activation Project Technical Report NI 43-101 , December 10. 2010 prepared by Mr. Andre Roy Eng.

Mineral Reserves and Resources

LAC HERBIN(1) SNOW LAKE(2)

Tonnes g /t Oz Au Tonnes g/t Oz Au

MEASURED 67,000 9.2 19,900 7,000 4.76 1,000

INDICATED 117,600 7.6 28,800 5,464,000 4.14 727,000

INFERRED 283,500 7.4 67,300 2,367,000 4.43 336,700

Mineral Resources


Production Profile

20,000

100,000

2009 2010

2011

Production (oz)

Lac Herbin Production

Snow Lake Production

OUTLOOK

80-90,000 (est.)

20,000+ (est.) 10,000

33,000

23,000 20,000

2012


Aurbel Gold Mill

Lac Herbin Mine

Agnico Eagle

Agnico Eagle

IAMGOLD

Osisko

Val-d’Or, Quebec

212 sq.km. 100%-owned by QMX Gold

100%-owned Lac Herbin Mine – in production

Val-d’Or-Malartic Mining Camp (Historic Production)

0.7 Mt Cu, 0.7 Mt Zn, 27.2Moz Au, 50.0 Moz Ag

QMX Gold QMX VMS

Val D’Or Property


Upcoming Financing Plans

Snow Lake Project Financing – Announced on May 29, 2012

US $45 million debt facility

Term of 4.5 years

Interest rate of LIBOR + 5.5 % before commercial production and LIBOR + 4.5% after commercial production

Hedging requirement from 30 to 50% of the 4.5 year production profile depending on spot price at time of draw down

Technical due diligence complete

Other conditions will be negotiated in the course of settling a definitive agreement


Current Financing Plans

$17,500,000 Bridge Financing – Closed November 28, 2012

Fully secured bridge financing provided by Third Eye Capital

Loan Terms:

1 year with interest payments starting 7 months from closing at $250,000 per month

In consideration of the Bridge Financing, Third Eye will receive 2.9 million warrants at $0.2525, the 10 day VWAP on closing

First tranche was used to pay out previous bridge of $10.3 million

Second tranche will be used for general company administration and expenses


Restructuring Exploration Assets

Aggregate gross proceeds of $5 million in cash and ownership in Falco Pacific of 16% post-financing (7,000,000 shares)

Falco Pacific dedicated to exploration with a strong exploration team provided by QMX

Allows for QMX focus on production assets while participating in exploration upside

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

$0.80

$0.90

Falco Pacific (FPC) Price Performance Since Inception

Rouyn-Noranda Exploration Properties Aquired By Falco Pacific (Closed September 24, 2012)

Closed at $0.80 Jan 31st


2012 Objectives

Lac Herbin

Production 18,500 to 20,500

Resource update as part of 2012 year end exercises

Snow Lake Project to Production decisions

Resource update as part of 2012 year end exercises

Financing decisions

Exploration (Ongoing)

Regional compilation for next round of targets


Capital Structure

Outstanding: Issued 30.9 Million Warrants 03.7 Million Average Price $4.13

Options 02.6 Million Average Price $5.88

Fully Diluted 37.7 Million Share Price (as of Feb 2013) C$ 0.195 Market Cap: Basic C$ 6.0 Million Avg. trading volume (30 day average) 33,000 shares/day Debt Outstanding Convertible Debt C$4.2 Million

Conversion price $8.00 Matures April 28, 2014

Bridge Loan C$17.5 Million Matures Nov. 28, 2014


Comparable Company Analysis

Company Share Price Market Cap (1)

Cash + ST Inv. (2)

TEV (3)

Mineral Reserve

EV / Reserve Mineral

Resource (4)

EV / Resource

2012 Production (5)

2013 Production (5)

As at December 10, 2012 Local US$ millions US$ millions US$ millions mm oz US$/oz mm oz US$/oz 000’s oz Au 000’s oz Au

Junior Gold Producers

Argonaut C$9.67 $1 479 $216 $1 263 1.1 $1 153 12.8 $99 100.6 138.9

Kirkland Lake C$7.90 $567 $129 $563 1.5 $382 4.3 $132 100.3 130.8

Timmins C$3.11 $482 $50 $452 1.3 $340 2.9 $154 98.2 126.0

San Gold C$0.79 $269 $20 $252 0.2 $1 206 4.1 $62 92.3 102.8

Brigus C$0.94 $224 $49 $273 1.9 $147 3.3 $82 76.7 96.4

St Andrew C$0.43 $160 $22 $157 0.7 $221 4.4 $35 96.0 104.0

Richmont US$3.10 $123 $67 $57 0.4 $151 3.8 $15 66.6 68.7

Claude C$0.55 $98 $0 $116 0.4 $326 4.1 $28 48.5 52.0

Wesdome C$0.89 $92 $4 $96 0.4 $273 1.7 $55 58.2 68.9

Metanor C$0.21 $48 $4 $59 0.2 $295 1.6 $37 3.0 29.0

Golden Band C$0.12 $33 $8 $38 0.0 $1 988 0.8 $48 41.9 42.5

Average $325 $52 $302 0.7 $589 4.0 $68 71.1 87.3

Adjusted Average(6) $229 $39 $225 0.7 $483 3.4 $64 75.4 88.0

QMX Gold C$0.24 $7 $6 $23 0.5 $45 1.4 $17 19.0 19.0

(1) Market Cap calculated on a fully-diluted basis including shares from the exercise of in-the-money options and warrants. (2) Cash and ST Investments includes cash from the exercise of in-the-money options and warrants.

(3) Total Enterprise Value ('TEV') equals market cap less cash plus debt plus minority interest and preferred equity. (4) Resource includes proven and probable reserves, measured and indicated resources and inferred resources.

(5) Production estimates based on consensus analyst estimates. (6) Adjusted average excludes high and low figures.

Source: Corporate disclosure, Bloomberg, Capital IQ and Street Research.


David Rigg, Chairman

Franҫois Perron, Director

Maurice Colson, Director

Robert Bryce, Director

Chantal Lavoie, Director

Directors and Officers

Senior Management Franҫois Perron, President and CEO

Deb Battiston, CFO

Gerald Thornton, VP Manitoba Operations

Patrick Sévigny, VP Quebec Operations

Management Team


Contact Information

QMX Gold Corporation

TSX: QMX

Investor Relations

Rob Hopkins (Toronto) Louis Baribeau(Montreal) [email protected]

+1 416 861 5899 +1 514 667-2304 www.qmxgold.ca

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