TSX.V: EST

Prospect Generator in Peru

www.estrellagold.com

E S T R E L L A G O L D C O R P O R A T I O N

CORPORATE STRATEGY: Prospect Generator: Estrella’s experienced team is focused on acquiring new

gold prospects and forming Joint Ventures which provide project funding while Estrella retains a valuable interest in the project

Estrella has 22 active exploration properties 5 of these are in Joint Ventures with other companies

Includes 1 property with Cliffs Natural Resources Ccello Ccello, Cerro Cori and 6 new epithermal Au properties are available for Joint Venture

Tight Share Structure: Avoid Dilution 31.65 million shares trading Protect Shareholder Value

Create Value: Focused on GOLD Increase Measured Gold Resources Ounces Value from New Gold Discoveries & Ventures

Geographic and Financial Focus: Peru and Dominican Republic Global Leader in Mining

E S T R E L L A G O L D C O R P O R A T I O N

John R. Wilson President & CEO

Mr. Wilson has over forty years of experience and success in all aspects of base and precious metals exploration,

discovery, reserve definition, and mine development. His work has included discoveries in Brazil, Nevada, and Peru. Most recently, Mr. Wilson has been the President of Animas Resources Ltd. after graduating to that position from the role of Vice President of Exploration.

Gregory R. Harris, L.L.B. Chairman, Director

Corporate and securities lawyer and a director of Poplar Creek Resources Inc., an oil and gas company, and

Antioquia Gold Inc., a mineral exploration company both listed on the TSX Venture Exchange .

Mark T. Brown, CA Director

Chartered Accountant, +15 years experience in junior exploration companies; Bachelor of Commerce from the University of British Columbia. President and Director of Pacific Opportunity Capital Ltd. based in Vancouver. Mark is an officer and/or director of Rare Element Resources, Almaden Minerals, Tarsis Resources and Avrupa Minerals.

Fernando Pickmann, L.L.M. Director Practicing lawyer based in Lima, Peru, +15 years of commercial and mining law experience, Professional Degree in Law (University of Lima, 1994) and Masters Degree in Law (L.L.M) specializing in Business Legal Advice from the Law School at the Instituto de Empresa IE (1997). Past experience also with Centromin Perú S.A., and is a Mining Law teacher at Lima University and also teacher of Strategic Alliances in the LLM program of the Lima University.

Don Taylor MSc., QP., PGeo Director Vice President of Exploration for Wildcat Silver Corporation with more than 30 years of international exploration

experience, 10 years with BHP Minerals in senior management, Most recently Vice President of Exploration for The Doe Run Company; MSc-University of Missouri-Rolla; Registered Professional Geologist, Fellow of the Society of Economic Geologists member SME.

Winnie Wong CA Chief Financial Officer Financial experience and expertise in international M&A.

Management & Directors

E S T R E L L A G O L D C O R P O R A T I O N

Shares

Outstanding 31.65 M Shares

Stock Options 1.8M @ $0.60 to $5.60 per share

Warrants 17.6M @ $0.15 - $1.20 per share

Fully Diluted 51.6 M Shares

52-Week Range $0.45 - $0.065

2013 OPM Estimated

Cliffs JV @ Pampa Poroma: $885,000 Cliffs JV @ Yanac: $500,000

Mines Mgt JV @ La Estrella: $600,000 Lara Exploration Option Agreement @ Isy: $50,000

Total: $2.035M

Cash $980,000

Share Structure

E S T R E L L A G O L D C O R P O R A T I O N

Peru is a Stable, Pro-Investment Country: Not like Venezuela/Ecuador/Bolivia

Mining Friendly:

2011 Mining Contributed about 60% of Export Income $26.9B

World Class Mining Country (2010)

Gold Production: #6 in World - #1 in Latin America : 5.25 Moz

Silver Production: #2 in World & Latin America: 128.4 Moz

Copper Production: #2 in World & Latin America: 1.25 Mt

Strong Economic Growth: +7.37% GDP in 2010

2012 Projected GDP: + 5.5%

Growth driven by mine exports

Estrella is focused on replacing resources

Why Peru? Deposits and Business Climate

E S T R E L L A G O L D C O R P O R A T I O N

Why Peru? Deposits and Business Climate

E S T R E L L A G O L D C O R P O R A T I O N

Why Peru? Deposits and Business Climate

E S T R E L L A G O L D C O R P O R A T I O N

Why Peru? Deposits and Business Climate

E S T R E L L A G O L D C O R P O R A T I O N

Why Peru? Deposits and Business Climate:

Record Investment in 2012: $53B $

E S T R E L L A G O L D C O R P O R A T I O N

Established Copper - Gold Mine

Established Gold Mine

Major City

Properties

E S T R E L L A G O L D C O R P O R A T I O N

• Prospect Generator: • Estrella has completed a Strategic Exploration Alliance with Cliffs Natural Resources

• During this program, Estrella evaluated 28 New Prospects : • 9 IOCG Prospects – 1 potential candidate for “Property of Merit” (Henry) • 1 Porphry Copper Prospect (Yanac JV) • 6 New Epithermal Precious Metals Systems – 100% ESTRELLA

• New Peru IOCG exploration program scheduled to begin in early 2013 • Estrella also has started a new Generative Program in the Dominican Republic

• Targeting Pueblo Viejo and Epithermal type gold deposits

• Established Joint Ventures (All projects 100% EST unless noted): • Esperanza Resources Corp: Pucarana Project (40% EST) • Mines Management Corp: La Estrella Project • Lara Exploration Ltd: Isy Project • Cliffs Natural Resources: Pampa Poroma Project Yanac Project (50% EST)

• Properties Available for Joint Venture: • Ccello Ccello Project – Department of Arequipa (7,200 ha)

• Volcanic/Breccia-hosted high-sulfidation epithermal system • Cerro Cori Project -

• Volcanic-hosted diatreme /epithermal alteration system • Epithermal Targets: 6 New Properties

E S T R E L L A G O L D C O R P O R A T I O N

Estrella Gold Corporation - Generative Programs

• Peru – Epithermal Gold • Peru IOCG • Dominican Republic

- Current Venture Properties

- Properties Available for Ventures

E S T R E L L A G O L D C O R P O R A T I O N

New 100% Owned Epithermal Gold

Targets: Released from Cliffs Regional Alliance: New Epithermal Targets

100% Estrella

E S T R E L L A G O L D C O R P O R A T I O N

Dominican Republic New Generative Programs

-Barrick is developing the Pueblo Viejo project which will soon become one of Barrick’s flagship gold mines in the Americas.

• The Company has four new applications

pending for approximately 18,200 hectares

E S T R E L L A G O L D C O R P O R A T I O N

Dominican Republic New Concession Applications

-

E S T R E L L A G O L D C O R P O R A T I O N

Estrella Gold Corporation - Generative Programs - Current Venture Properties

- Yanac – Cliffs Natural Resources 50:50 (pending) - Pampa Poroma – Cliffs Natural Resources - Pucarana – Esperanza Resources 60:40 - La Estrella – Mines Management - Isy – Lara Exploration

- Properties Available for Ventures

E S T R E L L A G O L D C O R P O R A T I O N

Cliffs Joint Venture: Yanac Porphyry Copper

E S T R E L L A G O L D C O R P O R A T I O N

• Cliffs earned in 50% of Yanac via the Strategic Alliance Program.

• Cliffs can earn an additional 20% (to 70%) by spending US$4M and drilling 3,000 meters within 4 years of 50% interest.

• Of the US$4M, US$500,000 is a firm commitment.

• Cliffs can earn up to 80% (an additional 10%) by completing a NI 43-101 PFS or define resource with minimum of 1mil oz of Au or equivalent within 4 years of 70% interest.

• If Cliffs elects not to earn additional 10%, then Cliffs will pay Estrella US$2M within 60 days and parties will fund proportional interest.

• If either party is diluted to 10%, then interest will be converted into 2% NSR.

Yanac JV with Cliffs Natural Resources

Prospect Generator

Peru

E S T R E L L A G O L D C O R P O R A T I O N

Cliffs Regional Alliance:

PAMPA POROMA PROJECT

E S T R E L L A G O L D C O R P O R A T I O N

• Cliffs must spend US$2M to earn 50% by August 2013.

• Cliffs can earn an additional 20% (to 70%) by spending US$4M and drilling 3,000 meters within 4 years of 50% interest.

• Of the US$4M, US$500,000 is a firm commitment.

• Cliffs can earn up to 80% (an additional 10%) by completing a NI 43-101 PFS or define resource with minimum of 1mil oz of Au or equivalent within 4 years of 70% interest.

• If Cliffs elects not to earn additional 10%, then Cliffs will pay Estrella US$2M within 60 days and parties will fund proportional interest.

• If either party is diluted to 10%, then interest will be converted into 2% NSR.

Pampa Poroma JV with Cliffs Natural Resources

E S T R E L L A G O L D C O R P O R A T I O N

Gold in Perú !

Pampa Poroma Joint Venture – Peru The Pampa Poroma project is located on the same structural trend that hosts the World Class Marcona Iron deposits and the Mina Justa Copper-Iron Deposit, on the northeast extension. The Property hosts widespread alteration with numerous high grade copper and gold veins, some being mined to the south of the property

E S T R E L L A G O L D C O R P O R A T I O N

Pampa Poroma – Cliffs Joint Venture 11 Holes Completed in 2012 (2,424.2m)

E S T R E L L A G O L D C O R P O R A T I O N

Pampa Poroma Project Completed Holes

2,424.2 m drilled in 2012

E S T R E L L A G O L D C O R P O R A T I O N

Pampa Poroma – Cliffs Joint Venture 11 Holes Completed in 2012

Pampa Poroma

Best Results

Drill Hole From – To

(m)

Interval Copper Gold

PPO - 6 183.9 – 185.2 1.3 m 1.93 % 0.33 g/t

PPO - 9 2.0 – 52.8 50.8 m 0.16 % 0.03 g/t

174.0 – 190.0 16.0 m 0.24% 0.02 g/t

E S T R E L L A G O L D C O R P O R A T I O N

Pucarana Gold Property – Esperanza JV

Alteration Zone

E S T R E L L A G O L D C O R P O R A T I O N

Pucarana Gold Property – Orcopampa Mining District

Joint Venture with Esperanza Resources (60%)

Located 3 km from Compañía de Minas Buenaventura’s high grade, underground Chipmo Gold Mine and 8 km from Poracota Project Mine

Chipmo produced approximately 270,000 ounces of gold in 2010

Esperanza is the operator and is seeking to lease the property to a mine operator.

E S T R E L L A G O L D C O R P O R A T I O N

Pucarana Gold Property – Orcopampa Mining District

Joint Venture with Esperanza Resources (60%)

E S T R E L L A G O L D C O R P O R A T I O N

The Estrella Property contains: • Epithermal, poly-phase gold & silver system

• Mineralization identified 1,200 m along strike, 200-400 m wide

• Large tabular, potentially bulk mineable mineralization with smaller higher grade zones

• Drilling has tested an 80-90 m thick zone, 500 m along strike and up to 400 m down dip

• Zone is open to the north and south along strike and down dip

• Estrella owns a 100% ownership

Optioned to Mines Management for the acquisition of a 75% interest in the property by expending $5 million in work expenditures, making payments to Estrella, and completing a preliminary economic analysis (PEA) on a defined resource within 4 years. Upon completion, Estrella’s 25% interest may be carried to production with proportionate costs paid back to Mines Management from preferred production profits. During the option period Mines Management will make property maintenance payments that are required to maintain the concessions or mining licenses in full force and will make the following option payments to Estrella, all of which are not included in the $5,000,000 work expenditures (all amounts are US$): On Signing: $ 50,000 (received) Year 1 Anniversary Payment: $100,000 (received) Year 2 Anniversary Payment: $200,000 Subsequent Anniversaries: $200,000 until exercising its Option Work expenditures shall include the following minimum required amounts: Year 1: $500,000 including 2,500 meters of drilling Year 2: $500,000 including 2,500 meters of drilling

La Estrella Gold-Silver Property (2,500 Ha, Huancavelica Department)

Optioned to Mines Management Inc.

E S T R E L L A G O L D C O R P O R A T I O N

Alteration and

Mineralization

La Estrella Gold-Silver Property An Emerging Discovery: Geology and Alteration

E S T R E L L A G O L D C O R P O R A T I O N

La Estrella: Drill Section

E S T R E L L A G O L D C O R P O R A T I O N

- 3,100 hectares located in the Department of Ayucucho.

- Early stage exploration property that was acquired in 2010

- Property is underlain by Miocene volcanic rocks, containing extensive epithermal alteration.

- Estrella Gold has completed initial reconnaissance mapping and sampling which has confirmed

the presence of anomalous gold values in two locations, with associated highly anomalous epithermal-suite metals (Sb, As, Ag).

The Terms of the Option Agreement provides Lara Exploration with the exclusive right to acquire a 100% interest in the property within 3 years subject to a 1.5% NSR royalty to Estrella. During the option period Lara will be responsible for all property maintenance payments that are required to maintain the concessions or mining licenses in full force and will make the following option payments to Estrella (all figures are US $): On Signing: $ 30,000 (received) On or before year 1 Anniversary Payment: $ 50,000 (received) On or before year 2 Anniversary Payment: $ 75,000 On or before year 3 Anniversary Payment: $100,000 On or before year 3 Anniversary Stock: 50,000 shares of the Common Stock of LRA Lara has the option to purchase 50% of the 1.5% royalty for $3,000,000 within 1 year of commencement of production. Lara and Estrella a may elect to have anniversary payments made in all or in part in cash

Isy Gold-Silver Property (3,100 Ha, Arequipa Department)

Optioned to Lara Exploration

E S T R E L L A G O L D C O R P O R A T I O N

Isy Gold-Silver Property (2,500 Ha, Huancavelica Department)

Optioned to Lara Exploration

• Estrella has completed a limited amount of work at Isy, however the property is located within Lara’s extensive land package and program

E S T R E L L A G O L D C O R P O R A T I O N

Estrella Gold Corporation - Generative Programs - Current Venture Properties

- Properties Available for Ventures

- Ccello Ccello - Cerro Cori

Ccello Ccello Gold Project – Peru Chucapaca Look-Alike

35

36

Diatreme Breccia

E S T R E L L A G O L D C O R P O R A T I O N

Ccello Breccia

E S T R E L L A G O L D C O R P O R A T I O N

Cerro Cori Copper-Gold Porphyry Project

E S T R E L L A G O L D C O R P O R A T I O N

Huge high sulfidation alteration system with approx. 25 sq km of pervasive alteration centered on Diatreme

Drilled by Southern Peru Copper in 2008. Nine holes, 3,428 m

Additional Targets to be drill tested

Large Area of Native Sulfur

Induced Polarization planned for early 2013

Cerro Cori: -100% Estrella Gold Corp. -3993 Ha in Ayucucho

Department

Cerro Cori Copper-Gold Property Highlights

E S T R E L L A G O L D C O R P O R A T I O N

John R. Wilson Director Direct: (604) 687-3520 Vancouver Office: Estrella Gold Corp. 325 Howe Street, Suite 410 Vancouver, B.C. Canada V6C 1Z7 Tel: (604 )687 3520 Fax: (888) 889 4874

Peru Office: Joanna Liu Estrella Gold Perú S.A.C. Calle Gen Borgono 155-A Miraflores, Lima 18, Peru Tel: (511) 719-6152 Fax: (511) 446-1194

For more information, please contact:

Contact Prospect Generator - Peru

E S T R E L L A G O L D C O R P O R A T I O N

This presentation contains certain “forward looking statements.” All statements, other than statements of historical fact, that address activities, events or developments that Estrella believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of the words such as “seek,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” and “intend” and statements that an event or result “may,” “will,” “can,” “should,” “could,” or “might” occur or be achieved and other similar expressions. These forward‐looking statements reflect the current internal projections, expectations or beliefs of Estrella based on information currently available to Estrella. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Estrella to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Estrella. Estrella expressly disclaims any obligation to update or revise any such forward

looking statements.

John R. Wilson, BSc, MS, is the Company’s President and CEO and is the Qualified Person as defined under National Instrument 43-101. He is responsible for the technical disclosure in this document.