PREVAIL GOLD CORPORATE PRESENTATION SEPTEMBER A New Era of Gold Exploration

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1 PREVAIL GOLD CORPORATE PRESENTATION SEPTEMBER 2011 A New Era of Gold Exploration

2 Disclaimer This Presentation includes certain forward-looking statements. These Statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to risks associated with the mining industry such as operational risks, exploration and production risks, delays or changes in plans with respect to exploration and development projects or capital expenditures. There may be further uncertainties related to reserve estimates, production forecasts, costs and expenses and health, safety and environmental risks. The competitive position of the company, commodity price, foreign Exchange fluctuations, political aspects associated with negotiating with foreign governments and international operations are all substantial risks. There can be no assurance that such statements will prove to be accurate and actual results and future performance could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations include the above factors as well as those factors discussed in the section entitled Risk Factors in Prevail Gold s Offer Document. Although Prevail Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that may cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly readers should not place undue reliance on forward-looking statements. Prevail Gold does not undertake to update any forward-looking statements that are included herein except in accordance with applicable securities laws. 2

3 3 Corporate Overview 135 Km 2 Koutougou permit in Burkina Faso with defined Tounte-1 resource, Tounte-2 anomaly and Zaran Kipsi discovery. Dar es Salam prospective permits over 1,000 km 2 in southern Niger Over 250,000oz Au geological resource defined on work performed by previous owners on both BF and Niger properties Multiple untested targets and anomalies on structures with strike length of 3 to 10Km on both permits Properties well positioned near existing mining operations (IAMGOLD, Avocet, Semafo) In Burkina Faso, we acquired 100% of the Koutougou property Niger property negotiations finalized with government for 100% ownership and signature in October 2011

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5 5 Management and Partners Prevail Gold Director, President/CEO, Alain Mizelle: Ms (Geol), Msc (Eng) Mining - Over 15 years of experience in West Africa natural resources, oil and gas. Alain is well connected with government relationships and is well respected in African natural resources circles. Soumana Traore, Director, Managing Director Burkina Faso. Mr. Traore is President of Soutra Mining since He is also an investment advisor for many African governments, expert in politics and development strategies for FAO, PNUD/UNSO, Club du Sahel/CILSS and the World Bank. Raouf Ghali, Director and Senior Vice President has over 20 years of experience in financial services and has international experience in development projects with China and with Central American countries. Andre Ciesielski, Senior geologist has a doctorate degree from P&M Curie University. Formerly with the Geological Survey of Canada he has been involved in uranium, diamond, base and precious metal exploration since 1996 and is now involved in gold projects in West Africa.

6 Current Share Capital Shares Outstanding: 30,500, % Prevail Investment 32 % Accredited Investors 27 % Soutra Mining 6.5% Sanecom Seed financing of $200,000 (August- September 2011) Fall-Winter : Rounds of financing followed by IPO 6

7 7 Property Overview the Koutougou project

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9 9 Burkina Faso & Niger Gold Mining Facts Burkina Faso and Niger contain over 25% of the 3 million km 2 of known Birimian Greenstone belts of West Africa, making these countries important gold exploration targets Some of the world s most prolific gold deposits consist of Proterozoic age volcanic and sedimentary units intruded and surrounded by related plutonic rocks Most Birimian hosted gold deposits occur in corridors 5-15km wide at contact zones between volcanic belts and sedimentary basins and are related to regional shear zones The modern West African Birimian gold mining history began in the 1980 s with the discovery of fine gold at the Loulo and Syama gold deposits in Mali All significant gold deposits including nearby Essakane (5Moz), Taparko (2Moz), Inata (2Moz), Samira Hill (2.4Moz) were discovered pursuant to artisanal gold mining which often tend to establish the gold deposit leads along existing shear zones

10 Koutougou Gold Mineralization 10 The Koutougou permit was originally awarded to Soutra Mining, our strategic partner who transferred all its rights to Prevail Gold Gold mineralization in the Koutougou area are related to the Bouroum-Yalogo Birimian Greenstone Belt and the Tounte intrusive and are set within silicified volcanoclastics, porphyries, vein quartz and gold-bearing pyritic chert showings The Tounte-1 deposit hosts an inferred resource of 125,000 oz at 1g/t in a 200 m section of the shear zone Soil surveys delimited two main gold anomalies Anomaly A extending N and NNE for nearly 4 km north of Tounte and straddles goldbearing pyrite chert showings and two artisanal working zones Anomaly B extending more than 1 km along the Koutougou shear zone west of Tounte Two RC holes drilled south of the Zaran Kipsi hill by Channel crosscut silicified low grade gold volcanics at the margin of zoned pyritic silicified zones, probably related to the Tounte shear zone on strike to the SSW

11 Zaran Kipsi Hill: could be related to the Tounte shear zone on strike to the SSW

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13 13 Niger Overview the Dar Es Salam project

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15 15 Dar Es Salam 2 & 3 Exploration Licenses The 1,000 km 2 Dar es Salam 2 & 3 permits are being awarded to Prevail Gold Niger Ltd a subsidiary of Prevail Gold Limited Gold mineralization in Dar es Salam is related to The Tera-Gassa Birimian Greenstone Belt and is hosted within metapyroclastites of the Boura formation fed by hydrothermal gold solutions Celtic Petroleum ( ) started the definition of the Tondiakangue West and Fanta deposit trend with a geological resource of over 125,000 oz which remains open in north-eastern and south-western directions and at depth over a 23 km long mineralized trend covering the Boura shear Zone (BSZ) within the permits Large mineralized structures are 8 to 10 km in length and 4-5 km in width, with sampled gold grades varying from 0.8 g/t to 26 g/t Artisanal miners working around the Fanta discovery are recovering native gold from quartz veins and stockworks at about 25 m depth

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17 17 Investment Highlights About 250,000 oz Au geological resource defined on work performed by previous owners on both BF and Niger properties The discovery cost per ounce is nil to the Company and has a sizeable intrinsic value at current gold prices Current financing of $6 to $7 million is to confirm these resources and expand them The management team includes senior executives that have experience in gold exploration and production A technical team of senior geologists with experience in West Africa and of greenstone belts gold exploration has been retained

18 18 Facts About Burkina Faso THE REPUBLIC OF BURKINA FASO Former French colony, Multiparty Democracy President: HE Blaise Campaore (Reelected Nov. 2010) Surface Area: 274,200 km2 Population: 16 million inhabitants Language: French, Moore, Peulh, Gourma Dioula GDP: $8.7 Billion (2010), Growth: 5.8% (2010) Gold Production: Approx 26 MT (2010) and 34 MT (planned 2011), Africa s 4 th largest gold producer

19 19 Facts About Niger THE REPUBLIC OF NIGER Former French colony, Multiparty Democracy President: HE Mahamadou ISSOUFOU (elected April 2011) Surface Area: 1,267,000 km2 Population: 16.5 million inhabitants Language: French, Haoussa, Djerma, Touareg GDP: $5.57 Billion (2010), Growth: 7,5% (2010) Gold Production: Approx 2.5 MT (2010)

20 20 Contact Information Alain Mizelle, President & CEO PREVAIL GOLD CORPORATE PRESENTATION July 6 th 2011 A New Era Nicole of Gold Blanchard, Exploration IR contact Nicole.blanchard@isuncomm.com