Exploring for Gold and Silver in the US Jan. 2005
Strategy Focus on the western United States, mostly Nevada and California Concentrate on projects with high grade and size potential Become a gold producer in 2005 Maximize money in the ground Seven Projects with Focus on Three: French Gulch mine, California North Fork mine, California Wenban Spring, Nevada 2 www.bullionriver.com
Bullion River Gold Corp. Projects Locations in Nevada / California USA Nevada California French Gulch North Fork Largest Gold Deposits BLRV Focus Projects Reno BLRV office Wenban Spring 3 www.bullionriver.com
Past Producer: French Gulch Mine 25 km west of Redding, Shasta County, California Recent producer (1990-2002) lacking systematic modern exploration 100% BLRV after staged $1.5M buyout Multiple high-grade (+1 opt Au) mesothermal quartz veins Large district with recent discoveries Fully-permitted for production Upgradable mill on site Strong local support Inferred Resource: 125,000 ounces @ 1.1 opt Au Potential: +2 Moz oz, vastly underexplored multiple vein systems 4 www.bullionriver.com
Past Producer: French Gulch Mine Action Plan Detailed underground drilling across major veins Near-term reserve Broad surface drilling underway Step-out exploration Metallurgical Testing Mill Expansion Engineering Environmental Reviews and Engineering Budget: $1,500,000 5 www.bullionriver.com
French Gulch Mine Lucky-7 Vein Upper Stopes 2.75 opt Au over 36 inches (.9m) 6 www.bullionriver.com
French Gulch Mine: Exploration Potential Dikes Niagara Mine ~50,000oz historic Washington Mine ~100,000oz historic Priority Exploration Veins Surface Drilling Near-term Reserve Development N 2000 ft Approximate Bullion River Gold Property Position 7 www.bullionriver.com
French Gulch Mine: 2004 Drill Plan (Looking West) Potential New Underground Access 2630 Lucky 7 Vein stopes Washington Vein stopes 2350 Mill 2350 2400 2180 Near-term Reserves 200 ft Underground drill holes testing down-dip extensions and potential in other parallel veins (not shown) 8 www.bullionriver.com
French Gulch Mine: Example of Exceptional Gold Grades Channel Samples Across Vein (Average: 2.79 opt Au over 4.6 feet) For clarity, not all of the 149 samples are shown 9 www.bullionriver.com
Past Producer: North Fork Mine 51 km northeast of Grass Valley in Sierra County, California 100% BLRV after staged $2M buyout and subject to 1.5% NSR High-grade mesothermal quartz veins across 800 feet No modern exploration Status: Past producer; UG exploration permit obtained Inferred Resource: 70,000 oz Au @ 0.7 oz/ton in UG mine Potential: +3.0 million oz, open along strike and depth Next step: Decline rehabilitation and UG core drilling pending Budget: $ 792,500 10 www.bullionriver.com
Past Producer: North Fork Mine North Fork Mine Approx. BRGC Property Alleghany Gold Belt Post-mineral Tertiary Cover Veins (projected through cover) Serpentinite Major Faults Alleghany Mugwump Mine Oriental Mine 16:1 Mine 1 Mile 11 www.bullionriver.com
North Fork Mine Old head frame with underground portal and power line in the background 12 www.bullionriver.com
North Fork Mine Workings and Proposed UG Drilling 13 www.bullionriver.com
North Fork Mine Workings 20 ft opt Au Historic Sampling 14 www.bullionriver.com
Production Profile Production (000's oz) 2005 2006 2007 2008 2009 2010 French Gulch 25 75 100 110 120 125 North Fork 0 50 150 200 250 275 Total 25 125 250 310 370 400 Revenue @ $375/oz ($Millions) 9.38 46.88 93.75 116.25 138.75 150.00 Average Cost/oz 165.00 150.00 140.00 135.00 130.00 125.00 Total Cost ($Millions) 4.13 18.75 35.00 41.85 48.10 50.00 Operating Income 5.25* 28.13** 58.75 74.40 90.65 100.00 Average cost/oz in other high-grade vein mines: Red Lake: $118 Midas: $155 * 2 nd QTR 2005 assumption of additional financing for capital costs at French Gulch mine ** Year 2006 assumption of additional financing for capital at North Fork mine 15 www.bullionriver.com
Grassroots Project: Wenban Spring 100% BRLV 8km SW of Cortez Hills gold deposit (+7 Moz; Placer and Kennecott) along Battle Mountain Eureka trend Contiguous with claims controlled by Placer and Kennecott Structures similar to ore-controlling faults at large gold deposits in the area (Pipeline, Cortez Hills, Tonkin Springs) Geophysics completed in late 2004 Submitted drilling permit and bond 16 www.bullionriver.com
Grassroots Project: Wenban Spring Pup Ji Pipeline 11.8 Moz Plp Cortez Cortez Hills 7 Moz Tv Faults CJV Control Tv Horse Canyon Buckhorn 5 Miles Toiyabe Pup Wenban Spring Pup Tonkin Springs 17 www.bullionriver.com
Grassroots Project: Wenban Spring Tertiary Volcanics Post-mineralization Shallow cover confirmed Faults Paleozoic Upper-Plate Resistive 800m Conductive Mapped and Inferred Faults 1km 18 www.bullionriver.com
Corporate Management P eter M. Kuhn (ME) President G lenn Blachford (BASc, P.Eng. ) VP Engineering J acob Margolis (MSc PhD) VP Exploration E xperienced management team with proven track record in prospecting, exploration and operations 19 www.bullionriver.com
Strategic Edge Experienced management team for quick and effective execution of financings, exploration and mine developments Proven track records as successful mine operators Dedication to maximizing money in the ground Building an American gold producer with mines in the U.S. 20 www.bullionriver.com
Listing Information and Share Structure United States: OTCBB BLRV Germany: Frankfurt Exchange (WKN: A0B931) BVM Issued Shares 26,500,000 Fully Diluted 28,000,000 Management and Insiders (approximate) 10,000,000 Family and Friends (approximate) 9,000,000 Public Float (approximate) 9,000,000 52 Week Share Price Range ($ US) $0.50 - $1.50 Price January, 2005 ($ US) ±$0.90 Market Capitalization ($ US)* ±$25 Million Applying for Listing on the TSE Main Board *Market Capitalization Subject to Fluctuation 21 www.bullionriver.com
Disclaimer Except for historic data this document contains forward looking statements and projections. These may or may not materialize as there are factors beyond the control of the Company which may influence future results. For example, commodity prices, market conditions, political conditions and other risks typical for the mining business may one way or the other influence the factual outcome of projections. 22 www.bullionriver.com