1. July 2012 Investor Presentation

2. Forward Looking Statement
This presentation of Guyana Goldfields Inc. (the "Company") contains statements that constitute "forward‐looking statements." Such forward‐looking statements
involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to
differ materially from the anticipated results, performance or achievements expressed or implied by such forward‐looking statements. Forward looking statements are
statements that are not historical facts and are generally, but not always, identified by the words "expects," "aims," "plans," "anticipates," "believes," "intends,"
g y, y, y p , , p , p , , ,
"estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from
the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as such information
constitutes a prediction of what might be found to be present when and if a project is actually developed. Forward‐looking statements this document includes are
statements regarding: the Company's expectations regarding drilling and exploration activities on properties in which the Company has an interest; and the Company's
statements regarding estimates of resources on properties in which the Company has an interest. There can be no assurance that such statements will prove to be
accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on
these f
h forward‐looking statements that speak only as of their respective d
d l ki h k l f h i i dates. IImportant ffactors that could cause actual results to diff materially f
h ld l l differ i ll from the C
h Company's '
expectations include among others, risks related to fluctuations in mineral prices; uncertainties related to raising sufficient financing to fund planned work in a timely
manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill
expectations and realize the perceived potential of the Company's properties; uncertainties involved in the estimation of resources; the possibility that required
permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude
commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment
breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overrun or unanticipated expenses in the work program; the
risk of environmental contamination or damage resulting from the Company's operations; risks associated with title to mineral properties; and other risks and
uncertainties discussed appear elsewhere in the Company's documents filed from time to time with the Toronto Stock Exchange and Canadian securities regulators.
These statements are based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed
transactions and programs on reasonable terms, and the ability of outside service providers to deliver services in a satisfactory and timely manner. Forward‐looking
statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as expressly required by
applicable securities laws, the Corporation undertakes no obligation to update these forward‐looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
This presentation uses the terms "Inferred Resource", "Indicated Resource" and "Mineral Resource". The Company advises readers that although these terms are
recognized and required by Canadian securities regulations (under National Instrument 43‐101 "Standards of Disclosure for Mineral Projects"), the US Securities and
Exchange Commission does not recognize these terms. Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be
converted into reserves. In addition, "Inferred Resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be
assumed that any part of an Indicated or Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral
Resources may not form the basis of feasibility or pre‐feasibility studies, or economic studies except for a Preliminary Assessment as defined and permitted under
National Instrument 43‐101. Readers are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. The Mineral
Resources stated in this news release are not mineral reserves and, in the absence of a current feasibility study, do not demonstrate economic viability. The
determination of mineral reserves can be affected by various factors including environmental, permitting, legal, title, taxation, socio‐political, and marketing issues.
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3. Investment Summary
New FS Leadership New team with development expertise
Aurora Gold Project
Next producing gold mine in Guyana, South America
Resources & Grade 6.54 M oz Au M&I Resource; 1.82 M oz Au Inferred Resource
High average grade of + 3.0 g/t Au
Permitting All permitting received; Ready for construction
Bankable Feasibility Study Vast improvements being made to project’s economics
Over 400,000+ acres of land in greenstone belt of Guiana Shield;
O 400 000 fl di t b lt f G i Shi ld
Blue Sky Secondary Regional Complex: 2 new discoveries made at Aranka
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4. Corporate Snapshot
Symbol: TSX: GUY Top 15 Shareholders Shares %
Shares Issued 95,071,814 The Baupost Group 18.8M 19.8%
Options 7,928,138
Franklin Resources (Templeton) 10.7M 11.2%
Warrants 0
Van Eck 7.3M 7.7%
Diluted: 102,999,952
Patrick Sheridan Jr. (Founder/CEO) 6.2M 6.5%
52 week: Hi/Lo C$10.58 / C$1.67
IFC (World Bank Group) 5.1M 5.4%
3-month average volume: 958,385
Market Cap (at C$ 2.01) C$191 million ProFund Advisors 3.5M 3.7%
Cash Position C$51 million Norges Bank 2.0M 2.0%
Monthly burn rate
y C$2 million Manulife Financial (Canada) 1.8M 1.9%
Debt $0 AMG Analysen 1.8M 1.9%
Sprott Asset Mgmt 1.7M 1.8%
Insider, AGF Investments Inc. 1.0M 1.0%
6%
6%
Retail Fidelity Investments 1.0M 1.0%
36% TD Asset Mgmt 0.8M .08%
Instit., First Eagle Investments 0.8M .08%
58% British Columbia Investment M t
B iti h C l bi I t t Mgmt 0.6M
0 6M
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5. Management Team
CEO and Interim President & COO: Mr. Patrick Sheridan Jr., M.Sc.
 Founder of Guyana Goldfields from its inception in 1994 – 6.5% ownership stake in GUY
 Active in mineral exploration in Guyana for 15+ years – discovered the Aurora gold deposit
 Mr.
Mr Sheridan holds a MSc in Economics from the London School of Economics
MSc.
Executive VP, Finance and CFO: Mr. Paul Murphy, B.Comm, CA
 37+ years of international financial experience , of which 30 years almost exclusively in the resource industries
 Former Partner with PwC and National Mining Leader in Canada/Leader for the Western Hemisphere Mining Centre of Excellence
 Responsible for assessing all financing options
VP, Exploration: Mr. Dan Noone, BApSci (Geol), MBA
 20+ years of international mineral exploration and development experience
 Previous VP of Peru Operations for Aquiline Resources Inc. (Acquired by Pan American Silver Corp.)
 Held various senior geologist roles managing projects in Papua New Guinea, Indonesia, Peru, Ecuador and Argentina.
VP, Projects: Mr. St. John Lees (Based in Guyana)
 15+ years international experience in both the construction and resources industries.
 Previously responsible for the engineering, procurement and construction management for Rio Tinto Iron Ore Atlantic’s Simandou Project in
Guinea, West Africa.
 Responsible for advancing the technical studies, development, and construction of the Aurora Gold Project and managing the overall project team
Country Manager, Guyana: Ms. Violet Smith
 20+ years experience in operations management
 Involved with the Company since its inception
 Oversees all operations and logistics in Guyana as well as the public relations in country
VP, Corporate Communications: Ms. Jacqueline Wagenaar: CPIR, B.Mos
 Previously lead investor relations programs for several junior mining companies and is a Certified Investor Relations Professional from the
Richard Ivey School of Business
 Responsible for all marketing, communications and investor relations initiatives. Graduate of the University of Western Ontario in Business
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6. The Region
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7. GUYANA – The Country
 Mining friendly jurisdiction & government
 A
Aurora P
Permitting Li
itti License Received; R d f C
R i d Ready for Construction
t ti
 Only English speaking country in South America with British common law and secure
tenure - part of the Commonwealth
 Democratically elected government under parliamentary system
 Guyana GDP: US$2.8B (2011 est); GYD$ 581B
 Long history of significant gold production:
 Gold was the largest export of the country in 2011 with 360,000 oz
 Mining License Received and Mineral Agreement Signed ( Nov.18/11):
 Royalty:
 5%: Gold price $1,000/oz or less
 8%: Gold price $1,000/oz +
 Corporate income tax: 30% with no withholding tax on interest p y
p g payments
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8. Property Locations
Aurora Gold Project, Aurora
 6.54M oz Au M&I; 1.82M oz Au Inferred
 High grade +3.0 g/t Au
 “Shovel-ready” with all permits
 New Bankable Feasibility Study due Q4
Sulphur Rose, Aranka
 Indicated 277,580 oz Au, Inferred 289,250 oz Au
 2 new di
discoveries made within a 5k radius
i d ithi 5km di
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9. Aurora Gold Project
From 2004 to June 30, 2012:
 Drilled 1,341 holes
D ill d 1 341 h l
Mineralized Zones  371,741 meters
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10. Resources & Grade
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11. Key 2012 Initiatives
New Bankable Feasibility Study ‐ Due Q4
N B k bl F ibilit St d D Q4
Staged development approach: Accelerate Production
of Saprolite
of Saprolite
Infrastructure Construction – Ongoing
Development of Strategic Project Infrastructure
Exploration – O
E l i Ongoing
i
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12. BFS Study Project Managers
y j g
Deepak Malhotra, Project Manager
D k M lh P j M
(focus on Metallurgy, Process, Tailings)
 Ph.D. in Mineral Economics and M.S. and B.S. in Metallurgical
Engineering
 40 + years experience in metallurgy and mineral economics—
bankable feasibility studies
Don Elkin, Project Manager
(focus on mining, project economics)
 B.S. of Engineering Mathematics and a B.S. of Geological Engineering
 50 years experience in geology, mining and reserve estimation
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13. New Bankable Feasibility Study
y y
Contributors for FS Main Components
Resource and Geology SRK Toronto
Civil: TMA, WMP & River Dike Internal and Tetra Tech
Mining: Track 1 BHOS
Mi i T k 1 BHOS SRK Toronto
SRK T t
Mining: Track 2 SLR SRK Vancouver
Metallurgy RDI and SGS Vancouver
Process Tetra Tech
Environmental Environ
Financial Evaluation/Costs
i i l l i /C Tetra Tech and GUY
h dG
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14. New Bankable Feasibility Study
y y
Focus
Updating and revising key elements of the Bankable Feasibility Study
that have the greatest ability to significantly improve project
eco o cs
economics
Options Under Review in BFS
 Staged development scenario
St d d l t i
 Use of ramp(s) rather than shaft
 Sequencing of mining and plant design
 Mining Method: Blast Hole Open Stoping and Sub Level Retreat
 Optimal underground mining depth
 Reductions to fleet, distance haulage and plant
Reductions to fleet distance haulage and plant
 Potential savings to capital and operating costs
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15. Accelerated Production
Mine Sequencing Concept: Saprolite First
 Oxidized ore being mined and processed over the first 2 years of
operations, followed by a hard rock open pit and underground mining
scenario
Proposed Sequencing
p q g
 Mine saprolite for two years to generate cash flow
 Ramping up saprolite production during first 2 years
 Sequence open pit and underground ramp in Year 3
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16. p
Saprolite Pits
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17. BFS – Blast Hole Open Stoping Mining Method
Open pit:
Removal of some of the smaller pits
considered to be marginal
Review of mobile equipment size, ramps,
haul roads, and strip ratio
haul roads and strip ratio
Review of contract mining for open pit pre‐
stripping
Under
Underground: Evaluation
Concentrate on mining deposit from
surface to ~750m Previous FS Shaft depth
Removal of the vertical shaft
Removal of the vertical shaft
Analysis and tradeoff of U/G mining methods
Examination of contract mining proposals,
including possible dual decline access to
Rory’s Knoll U/G
R ’ K ll U/G
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18. BFS ‐ Sub‐Level Retreat Mining Method
 Lead by SRK (Vancouver)
 Objective : Compare SLR mining method with the currently proposed Blast Hole Open Stoping (BHOS) in
the BFS
th BFS
 Typically SLR is suitable for sub‐vertical pipe like ore bodies (similar to Rory’s Knoll) located in strong
country rocks
 Successfully used on diamond mines in South Africa and in Canada
 R l ti l i l “T D
Relatively simple “Top Down” method with potentially high production rates
” th d ith t ti ll hi h d ti t
 Much lower operating cost ‐ no backfill required
 Shallow to moderate depth mining, easy access
Example:
Ekati Diamond Mine,
Northwest Territories
Example:
Diavik Diamond Mine,
Northwest Territories
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19. Changes To Site Plan
River Dike
Water
Water
Management Cuyuni River
Pond
Open Pit Shaft
Area
Airstrip
Process
Area
Mine Waste Camp
Stockpile
Gate
Tailings
Area
Access 1
Road km
Yearly Rainfall = 2.5m
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20. Additional Infrastructure Advances
Camp
p
 An area for the camp has been selected and is being prepared
 Surveying work at site has increased
 Moving existing buildings will begin in the next 3 months
Kingston Wharf
 Evaluations for the rehabilitation of and improvements to the wharf are
underway
 Assessment of logistics planning utilizing the wharf once upgraded is
ongoing
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21. Logistics and Infrastructure
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22. Aranka Exploration
Sulphur Rose
 277,580 indicated resource;
289,250 inferred resource
 Extension drilling in second half of year
N-1
 New Discovery made in February 2012
located 5Kms NE of Sulphur Rose
 400m by 300m Au soil anomaly
y y
S-3
 Two gold anomalies situated halfway between
N-1 and the Sulphur Rose
p
Wynamu
 Our most prospective target; 3km by 2.5km
zone of alteration. Team of geos situated here
g
in first half of year
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23. N‐1 Discovery
 New Discovery made in February
2012 l
located 5k
t d 5kms northeast of
th t f
Sulphur Rose
 400m by 300m Au soil anomaly
 6 trenches excavated to date
 4 diamond drill holes, totaling 797
meters, have been drilled to date
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24. N‐1 Discovery
 2 trenches out of 6 excavated to date have returned a best interval of 1.41 g/t Au over 52 metres,
including 1.80 g/t over 32 metres and 4.34 g/t Au over 12 metres (Trench # 12-01A).
 Trenching has confirmed a 400 metre strike length consisting of altered and mineralized quartz
diorite comparable to the style of mineralization at Sulphur Rose Gold deposit.
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25. N‐1 Discovery
 4 diamond drill holes, totaling 797 meters, have been drilled to date; 2 assays received to date
 Drill Hole N1D-01: Returned gold grades of 1.06 g/t Au over 29 meters including a higher grade
interval of 2 44 g/t Au over 8 metres and 14.13 g/t Au over 1 metre
2.44 14 13 metre.
Drill Hole N1D-02: Returned 4.35 g/t Au over 20 meters including higher grade intervals of
6.42 g/t Au over 13 metres and 53.21 g/t Au over 1 metre
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26. S‐3 Target
 Situated halfway between N-1 and
N1
Sulphur Rose
 Infill soil auger sampling have delineated
two gold anomalies measuring 400m by
300m and 300m by 200m
 Latest soil samples returning up to 8.40
g/t Au
 Trenching of this gold anomaly will
commence next month.
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27. Sulphur Rose Deposit
 23 km away from Aurora in a straight line
 Northwest trending zone measuring ~500m strike length X 200m width X ~630 m depth.
500m 630
 O/P depth to 255m; Block model depth extends to 640m (Micon, Dec 2011)
 Remains open vertically and at depth.
 Metallurgical testing: 91.9% recovery (similar to Aurora). No by-products.
 Drilled 49,394m from 177 holes
(Jan 1, 2010 – June 30, 2012)
Tonnes Au Grade Contained Au
(g/t)
( /t) (Inf
(I f ounces)
)
Indicated
O/P 8,250,000 1.04 275,550
U/G 30,000 2.10 2,030
Total 8,280,000
8 280 000 1.04
1 04 277,580
277 580
Inferred
O/P 5,120,000 1.14 187,710
U/G 1,210,000 2.61 101,540
Total 6,330,000
6 330 000 1.42
1 42 289,250
289 250
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28. Contact Information
Head Office:
Head Office:
Guyana Goldfields Inc. Telephone: (416) 628 5936
141 Adelaide St. West, Suite 1608 Fax: (416) 628 5935
Toronto, ON M5H 3L5
Toronto ON M5H 3L5 Email: info@guygold.com
Email: info@guygold com
Investor Queries:
Vice‐President , Corporate Communications
Jacqueline Wagenaar
Jacqueline Wagenaar
Telephone: (416) 628 5936 Ext. 2295
Email: jwagenaar@guygold.com
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29. Appendix
Appendix
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30. Board of Directors
Alan Ferry, CFA, Geologist: (Lead Director)
Alan Ferry is an independent businessman since 2007 following over 27 years as a mining analyst and mining corporate finance specialist. Prior
to that, he worked as a geologist.
Patrick Sheridan Jr., MSc: Founder, CEO and Interim President & COO
Mr. Sheridan has depth of experience, working in the mining industry for more than 20 years. He holds a B.Sc. and M.Sc. from the London
School of Economics and Political Science, United Kingdom.
Scott A. Caldwell, P.Eng (B.Sc., Mining Engineering)
Mr. Caldwell is a mining engineer with nearly 30 y
g g y years experience working in developing and operating mines worldwide and has over 10 years
p g p g p g y
experience working in Nevada. Mr. Caldwell was Chief Operating Officer of Kinross Gold Corporation until August 2006 and is currently the
President , CEO and Director of Allied Nevada Gold Corp.
Dan Noone, MBA, Geologist: VP, Exploration
Mr. Noone has 20 years experience in mineral exploration in Australasia and South America. He was previously V.P.of Peru Operations for
Aquiline Resources and prior to that was CEO of Absolut Resources
Resources.
Robert A. Bondy, LLB:
Mr. Bondy recently retired from Blake, Cassels & Graydon LLP where he spent over 30 years in the Securities and Corporate Law Groups .
Richard Williams, LLB:
Mr. Willi
M Williams i th Di t of Fi t M t l I
is the Director f First Metals Inc. and of W
d f Waseco R Resources I Inc. H i also th P id t and f
He is l the President d founder of Bl k ll I
d f Blackwell Investor
t
Relations Corp., an investor relations firm specializing in establishing and strengthening relationships between public companies and the
investment community.
Jean-Pierre Chauvin, P.Eng (B.Sc., Mining Engineering)
Mr. Chauvin brings more than 40 years of combined experience in mining operations and construction management. Of particular note, he
participated in the development of the Isle-Dieu mine in Matagami, Quebec for Noranda Mines Inc., which required the sinking of production and
exploration shafts, as well as the development and definition of the underground operation. Mr Chauvin is currently employed as an interim
President & CEO of PC Gold Inc. and sits on the Boards of PC Gold Inc., Macusani Yellowcake Inc., Lakeside Minerals Inc., and Andean
American Gold.
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31. Site Geology
Geological Description
 Rory's Knoll mineralization: disseminated pyrite and gold mineralization associated with intense silica-
fuchsite sericite carbonate
fuchsite-sericite-carbonate alteration in tonalite intrusive probably emplaced at the hinge of the folded volcanic
rock and metasediments.
 Mad Kiss mineralization: disseminated pyrite and gold mineralization associated with intense silica-fuchsite-
sericite-carbonate alteration in a quartz feldspar porphyry dyke.
 Aleck Hill mineralization: mesothermal gold veins hosted in the shear zones of metavolcanic and
metasedimentary rocks; occurs in a zone of pyrite-rich quartz-carbonate veins in volcanic rocks that are
enclosed in an alteration envelope which reportedly includes silica-sericite and calcite cement filling fractures.
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