How To Understand The History Of The American Gold Mine

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1 September 12, 2011 THE ATLANTA GOLD MINE, EASTERN NEVADA Gold Exploration in Nevada with Near-Term Production Potential TSXV: MAY OTCQX:MAYGF

2 Atlanta Gold & Silver Mine, Nevada Atlanta is located in northeastern Lincoln County Area is high desert with warm summers and cold, dry winters Located 4.5 hours north of Las Vegas or 5 hours southwest of Salt Lake City Ely and Pioche, Nevada, are the closest cities Atlanta Mine

3 Atlanta Mine Acquisition Meadow Bay Gold acquired all shares and assets of Desert Hawk in Nevada on March 2, 2011 Meadow closed financing of $11.25 million concurrent with acquisition at C$1.00 per share (no warrants). Paid $6 million to underlying owner of Atlanta mine on closing for 100% ownership (3% NSR royalty is capped at 4,000 ounces Au). Meadow Bay has a proven management team capable of enhancing shareholder value as well as executing their development goals. Meadow Bay has adequate reserves in its treasury to execute its 2011 business plan focused on exploration at the Atlanta mine with a goal of increasing the company s insitu resource (> 1 million ounces Gold).

4 Key Personnel Robert Dinning CEO is a Chartered Accountant and a lifetime member of the Alberta Institute of Chartered Accountants. Mr. Dinning, amongst other accomplishments, is also the Chairman of Paramount Gold and Silver Corp and CFO of ATAC Resources ltd. Charles (Bill) Reed Director of Exploration & Chief Geologist is a professional geologist with 40 years in the mining business. He was the Chief Geologist and co-founder of Paramount Gold and Silver and is credited with discovering the San Miguel project in Mexico. Bill was previously the Chief Geologist for Hecla Mining. Dr. Douglas Oliver Atlanta Project Manager is a career geologist with 30 years experience in mineral exploration. He is president and founder of OliverGeoservices, which specializes in exploration management, economic evaluations and independent reviews. He received his Bachelor s degree in Geology from Rutgers University and has an MBA from the University of Texas at Austin and a PhD in Tectonics from Southern Methodist University. Doug is responsible for implementing the exploration program at the Atlanta Mine. Adrian Robertson Director and Engineer graduated with a degree in mining engineering from Queen's University in Adrian worked for a major operator in the Sudbury basin gaining experience in technical services, geology, mine planning and design, and supervision, before moving into a role with a global ground engineering consulting firm in Vancouver.

5 History of Gold Exploration at Atlanta Gold was discovered in the Atlanta Mining District in the 1860s. Intermittent exploration is conducted over the next 100 years. Standard Slag / Bobcat JV puts Atlanta in production from 1975 to tpd mill produced 121,000 ounces of gold and 800,000 ounces of silver Gold Fields Resources options the project from 1990 to Conducts geochemical sampling, geophysics and drills 56,021 in 82 core and RC holes. Kinross Gold options the project from 1997 to Drills 54,225 in 80 RC holes and conducts a resource estimate. 9.3 MMt drill indicated resource containing 464,500 ounces Au and 3,865,000 ounces Ag at a opt Au cut-off (Note Not NI compliant) Meadow Bay acquires the project in March 2011.

6 Gold Price During Recent History at Atlanta

7 Land Ownership at Atlanta The initial acquisition consisted of 13 patented and 49 unpatented claims. Atna Resources 135 NBI claims were purchased in June 2011 for $250,000 and 400,000 shares of Meadow Bay common stock. Subject to 3% NSR royalty. Meadow Bay has staked over 370 claims within the Atlanta District and in the adjacent Limestone Hills. At Present, Meadow Bay controls the entire Atlanta District with over 10,000 acres.

8 Atlanta Land Posi<on Western Knolls P E G Limestone Hills

9 Gold Mineraliza<on at Atlanta Gold mineralization is primarily hosted in silicified breccias with the Atlanta Fault The Atlanta Fault zone separates Tertiary volcanic rocks from Paleozoic sedimentary rocks and strikes to the north and dips steeply to the west. The ~100 wide breccia zone was repeatedly silicified and rebrecciated during mineralization. Past mining focused on the shallow and high-grade portions of the Atlanta Fault. 1.5 million tons grading 3 gpt Au and 39 gpt Ag were mined A shallow igneous porphyry intrusive to the southwest of the historic open pit is a secondary un-mined target.

10 Schematic Block Diagram of Atlanta Geology

11 Looking South at Main Deposit Pit Wall Silicified Fault Breccia High grade Underlying Dolomite / Limestone Overlying Volcanics 60 benches

12 North Extension of Deposit Looking Northeast Overlying Alluvial Gravels Hangingwall Volcanics Silicified Breccia (110 thick)

13 Atlanta Drilling Program 2011 plan includes 10,000 ft of core and 20,000 ft of RC drilling. Six twinned core holes drilled in consultation with Gustavson Associates to evaluate the historic resource. Ongoing in-fill drilling to the north of the former mine area to expand the resource base. Step-out drilling further to the north where geophysics predicts the extension of the Atlanta structure. Drilling of new exploration targets to the west and east in early 2012.

14 Current Drilling at Atlanta (August, 2011)

15 Cross-Section through Atlanta Fault

16 Cross-Section with Intrusive at Depth

17 Intrusive Porphyry- related MineralizaDon A previously unrecognized intrusive porphyry occurs to the southwest of the historic Atlanta pit. Gold and silver mineralization is both thicker and higher in grade around the margins of the intrusive. Hole 88-9 contained a particularly rich intercept on the east side of the intrusive. Hole DHRC-11-09C has been drilled to verify this intercept. The geometry and extent of the intrusive have not yet been constrained.

18 Reconnaissance Explora<on Targets Exploration away from the Atlanta Mine has discovered new target areas Western Knolls / PEG Large areas of silicified volcanic rocks occurs to the west of the Atlanta Mine. Initial rock-chip samples contained anomalous gold and pathfinder elements Target area was acquired by staking Current exploration includes geologic mapping, soil sampling and geophysics Limestone Hills An area of altered sedimentary rocks in the next range to the east of the Atlanta Mine Initial exploration revealed favorable alteration and old drill pads Target area was acquired by staking Current exploration includes geologic mapping and geochemical sampling Target areas will be readied for drilling in 2012

19 Atlanta Infrastructure Existing infrastructure facilitates both exploration and eventual production at the Atlanta project County maintained roads link the project with both Ely and Pioche A 15 mile electrical power line is operational to the site. A local substation provides 3-phase electricity adequate for all needs. A private water well 10 miles to the west in Lake Valley delivers water to the project via a 6 water pipeline. Water rights are adequate to support eventual production. A telephone land line provides both voice and data to the project site. A 48 X 60 modular building has be purchased to provide crew quarters during the exploration phase. The building can be reconfigured to serve as a future mine office.

20 Infrastructure In Place (August 2011)

21 Plans for Moving Forward Work at the Atlanta Project is structured to efficiently move the project toward eventual production Geophysics Ground magnetic and gravity survey (3Q 2011) Permitting Initiate permitting process on long lead-time permits and begin baseline studies (3Q 2011) Metallurgy Engage lab in Reno for initial ore characterization (4Q 2011) GIS Database Incorporate all existing data into an interactive 3D database (4Q 2011) Resource Estimate Create new NI compliant resource estimate in conjunction with Gustavson Associates (1Q 2012) Resume Drilling Continue exploration and development drilling along the Atlanta Fault and begin initial drilling on new targets (1Q 2012) Scoping Study Begin initial mine planning and estimate capital and operating costs (3Q 2012)

22 Atlanta Gold-Silver Mine Summary 12 patented and 49 unpatented lode claims acquired from former owner. Additional claim staking has expanded the land position to nearly 10,000 acres. Past open pit production 121,000 oz gold, 800,000 oz silver from 1.5 million tons Current historic resource within existing pit area of 464,500 oz gold (drill indicated by Kinross), plus 3.9 million oz silver (historic resource) Offers excellent multi-million ounce resource expansion potential Pit expansion permitable infrastructure includes 3-phase electricity to the mine, roads and abundant water Royalty to vendor - 3% NSR royalty capped at 4,000 ounces

23 Capital Structure Post Acquisition and Initial Offering: Common Shares Issued 39,176,000 Warrants nil Recent Price $1.05 Market Cap C$ 41.1 million MAY currently trades on TSX-V and OTC-QX ($US)

24 Contact Informa<on Meadow Bay Gold Corporation / Desert Hawk Resources Inc. (sub) Robert Dinning, CEO Dr. Douglas Oliver West Pender Street Atlanta Mine Vancouver BC Canada V6C 1L6 Project Manager Tel Fax Investor Relations Contacts: Matt Harrington Danny Gravelle Launch IR Goal Capital info@meadowbaygold.com