Connecting investors to opportunities www.symposium.net.au

Dr. Ted Ambler Managing Director

DEVELOPING THE

ADELONG GOLD FIELD

DISCLAIMER

• This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an

offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.

• Investors should not rely on the opinions and recommendations in this presentation. This presentation does not take into account

any person’s particular investment objectives, financial resources or other relevant circumstances. All securities transactions

involve risks, which include (among other things) the risk of adverse or unanticipated market, financial or political developments.

• The information set out in this presentation does not purport to be all inclusive or to contain all the information which its recipients

may require in order to make an informed assessment of Macquarie Gold Limited. You should conduct your own investigations and

perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and

opinions contained in this presentation.

• To the fullest extent permitted by law, Macquarie Gold Limited does not make any representation or warranty, express or implied,

as to the accuracy or completeness of the information, statements, opinions, estimates, forecasts or other representations

contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or

otherwise is accepted.

• This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks,

uncertainties and assumptions which are outside the control of Macquarie Gold Limited. These risks, uncertainties and

assumptions include, but are not limited to, commodity prices, currency fluctuations, economic and financial market conditions in

various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or

advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or

implied in this presentation. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements.

• Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing

obligations under applicable law and the ASX Listing Rules, Macquarie Gold Limited does not undertake any obligation to update or

revise any information or any of the forward looking statements in this presentation or any changes in events, conditions or

circumstances on which any forward looking statement is based.

• The information in this Document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information

compiled by Robin Rankin, who is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and accredited as a

Chartered Professional (CP) by the AusIMM in the Geology discipline. Robin Rankin is Principal Consulting Geologist and operator

of the independent geological consultancy GeoRes.

3

CORPORATE – ASX LISTING

SHARE STRUCTURE

The Ambler Trust 23.5 million shares (plus 11.25 million June 2015 - 30 cent options)

Seed Investors 23.5 million shares (plus 11.25 million June 2015 - 30 cent options)

IPO – New 25 cent Shares ($12.5 million) 50 million shares (plus 25 million June 2015 - 30 cent options)

TOTAL 97 million shares at 25 cents plus 47.5 million options

LISTING COSTS

Broker Fees (6%) $750,000

IPO Costs $350,000

Net Cash Raised at IPO $11,400,000

Market Capitalisation at Listing $24.25 million

Proposed Work Program

Year 1: Mine Development $8.2 million Year 2: Exploration $500,000

Exploration $750,000 Overheads/WC $800,000

Overheads/Working Capital $900,000 Gold Payment $250,000

TOTAL $11,400,000

Board of Directors

Non-Executive Chairman: Dennis Morton (Geologist) Managing Director: Ted Ambler (Geologist/Mining)

Non-Executive Director: Patrick Sam Yue (Financial) Non-Executive Director: Ross Graham (Geologist)

4

BOARD OF DIRECTORS

Dennis Morton

Non-Executive Chairman Founding Managing Director of Eastern Star Gas from which he retired in late 2007. 2008 to present: Managing Director of ASX listed Gas2Grid Limited. Dennis has 39 years experience in the conventional oil and gas industry with specialist expertise and success in the exploration and discovery of commercial oil and gas and coal seam gas in Australia and South East Asia.

Ted Ambler

Managing Director

Ted Ambler co-founded the private company Mining Tenement Management Pty Ltd that discovered and developed four small mining operations in NSW. He is experienced in setting-up and managing small to medium sized non-metallic mining operations. He previously held a senior executive position in the mining division of Hooker Corporation. He a Member of the Australian Institute of Mining and Metallurgy and a Fellow of the Institute of Quarrying, Australia.

Patrick Sam Yue

Non-Executive Director A member of the Institute of Chartered Accountants in Australia, Institute of Chartered Accountants in England and Wales and a Fellow of the Financial Services Institute of Australasia. More than 20 years experience in financial and corporate management in Australia having held senior executive and company secretary positions with ASX listed entities in the oil and gas and minerals industry.

Ross Graham

Non-Executive Director

Ross Graham was Minerals Exploration Manager for Esso Australia Ltd from 1981 -1986 then General Manager of Boulder Gold NL. He has subsequently been Executive Director of Australian Coal Research Ltd and CEO of the Australian Meat Processor Corporation. He was recently Executive Director of the Environmental Biotechnology Cooperative Research Centre. He is a Member of the Australian Institute of Mining and Metallurgy and has extensive experience in general management.

5

• GOLD: 120,000 oz JORC compliant

resource ready to mine; approximately

180,000t mullock with gold content

• TARGET: potential million ounces gold

reserve in ML and EL

• IPO Funds: immediately construct open cut

mine and processing plant ($8.2 million)

• Gold Production: average 15,000ozs/year

• Drilling: concurrently, implement appraisal

and exploration drilling program

• Gold Distribution: Gold resources along

strike and at depth should expand mine

• Upside: Mine will be profitable but “Big

Upside” is in mine and resource extension

6

MINING ASSETS

•EXPLORATION LICENCE 5728 (80 km2)

•MINING LEASE 1435 (1.5 km2)

•16 MINING (CLAIM) LEASES

ADELONG PROJECT - ASSETS

REAL PROPERTY

•17 FREEHOLD PROPERTIES

•SEVERAL LEASEHOLD PROPERTIES

7

PERMITTING IN PLACE (DC,EPA,ILUA,WATER)

LICENCE: MAP

8

• Gold first discovered in 1857 and narrow vein mining,

underground, continuously until 1916 with small scale

periodic mining until 1942

• Over 21 tonnes of gold (800,000 oz) produced - almost

equal amounts from reefs and alluvial

• Known reef deposits occur in a series of discontinuous

quartz veins in granite adjacent to the Gilmore Suture

• 12 main lines of reef are known – reefs are generally over

1 metre wide, can be up to 7 metres wide and are near

vertical dipping trending north-south

• Gold occurs free and as fracture fill in pyrite

• Previous reef mining has concentrated on bonanza grade

material that was hand graded

• Shafts generally less than 200 metres deep but some have

been sunk to 400 metres below surface

• Drilling concentrated on Challenger and Currajong areas –

distribution elsewhere in Field is sparse.

ADELONG GOLD FIELD - HISTORY

Adelong Goldfield – Known Reefs

9

CHALLENGER ADIT AND BULK SAMPLE - 1984

Bulk sample 1,300t @ 5.6g/t Drill assay: 3.2 g/t

Gold Bearing Veins

Fault

Gold Bearing Veins

10

CHALLENGER MINES LTD

1996-2000 ADELONG CONSOLIDATED GOLD

MINES TRANSFERRED TENEMENTS TO

CHALLENGER MINES LTD

2000-2007 GOLDEN CROSS RESOURCES LTD

ACQUIRED CHALLENGER MINES LTD

2007-2009 TASMAN GOLD FIELDS LTD ACQUIRED

CHALLENGER MINES LTD

2010 FERROMIN ACQUIRED OPTION TO

CHALLENGER MINES LTD IN 2010

2011 MACQUARIE GOLD COMPLETED

ACQUISITION IN JANUARY, 2011

OWNERSHIP HISTORY 1997-2012

11

ADELONG RESOURCES

12

RESOURCE STATEMENTS

13

CHALLENGER MINE: PROPOSED PIT DESIGN

CHALLENGER AND CHALLENGER EXTENDED

CONCEPTUAL PIT DESIGN

14

ADELONG PROJECT - METALLURGY

• EXTENSIVE INVENTORY OF METALLURGICAL INFORMATION

WAS ACQUIRED WITH CHALLENGER MINES LIMITED

• GOLDEN CROSS RESOURCES PRODUCED A NUMBER OF

ORE TREATMENT FLOW SHEETS AND FEASIBILITY STUDIES

• MACQUARIE GOLD LIMITED HAS SETTLED ON OPTIMUM MILL

DESIGN BASED ON EXISTING REPORTS

• THE OPTIMAL PROCESS IS A FLOATATION - GRAVITY

SEPARATION COMBINATION FOLLOWED BY INTENSIVE

CYANIDE LEACH AND DETOX

Adelong Gravity – Flotation – Leach

Flow Sheet

15

ADELONG GOLD PROJECT – EXPLORATION POTENTIAL

• Drilling has concentrated on Challenger

• Limited drilling at Currajong

• Minimal drilling at Victoria and Gibraltar

• Both produced over 100,000 oz

• Both have less than 2,000 m of drilling

• Over 20 gold producing locations in the

Exploration Licence

• Good potential for finding another 21 tonnes

of gold

Significant Drill Intersections

16

• GOLD READY TO MINE: 120,000 oz JORC compliant resource ready to mine plus approximately

180,000t mullock with good gold content ready to collect and process

• EXPLORATION: target one million ounces gold resource in known lode systems in ML/EL and new

systems yet to be found

• IPO - RAISE $12.5 million: financially self-sufficient by second Year after IPO

• ACTIVITY: immediately after IPO construct open cut mine and processing plant ($8.2 million)

• INITIAL PRODUCTION: average 15,000ozs/year

• INCREASE GOLD RESOURCES: immediately after IPO conduct exploration drilling within the EL and

ML to increase gold resources for additional mine development

• GOLD DISTRIBUTION: known gold resources along strike and at depth should expand mine plus

numerous other deposits within less than a kilometre

• UPSIDE VALUE: low risk mine extension and development of nearby deposits plus new discoveries

INVESTOR: cash flow will provide funding for mine expansion or new mine developments. There will

be no need to revert to shareholders for additional funds for at least the first 5-6 years and this should

be positively reflected by the share price performance. Directors would seek to pay dividends as and

when the opportunity arises.

ADELONG GOLD PROJECT: SUMMARY

17

ADELONG PROJECT

Looking South from

Donkey Hill Macquarie Gold Limited

Level 11; 10 Bridge Street

SYDNEY, NSW, Australia 2000

Phone: +61-2-8286 3633; Fax: 8298 3639

www.macquariegold.com

CONTACT: Ted Ambler ted@macquariegold.com.au

• Produce 15,000 ozs gold/year for at least 7 years

• Increase gold resource to 1,000,000 ounces

18