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New High Grade Gold Producer

Manitoba’s Rice Lake Gold Belt

2009 Highlights
• Commercial Production Achieved
• Developed Hinge Mine
• Discovered L-13 and Cohiba Zones
• Discovered Deep West Zone
• Over 350,000 feet drilled so far

Update – November, 2009
Corporate Profile SGR – TSX.V
Issued and Outstanding 265,000,000
Recent Price $3.00 Cdn
Market Capitalization $800,000,000 Coverage:
Management position 15%
Institutions 55% • Cormark
Largest Goodman + Co • Dundee
Gold 2000 • Wellington West
Van Eck • PI Financial
Cash 25 m • National Bank
SGR – 1 yr SGR – 5 yr • GMP

Avg daily volume 3 month – 1,500,0000
CEO, director: Dale Ginn, B.Sc., P.Geo, geologist, mine management including
Harmony Gold, Goldcorp, Westmin and Hudbay.

Chair, director: Hugh Wynne, mine, mill, exploration, founded SGR in 1997

Director: Richard Boulay, B.Sc., geologist, finance

Director: Courtney Schearer, MBA, mining, oil, business

Director: Ben Hubert, B.Sc., M.Sc., MBA , environmental consultant

Director: Micheal Power, P.Eng., CFA, mining and evaluation consultant

Director: James W. McCutcheon, QC, law and major mining company experience

COO: Ian Berzins, P.Eng, , mining engineer, management, construction

including Harmony Gold, Echo Bay, Suncor, Sherwood Copper

CFO: Gestur Kristjansson, CA, MBA, public finance

Competitive Advantages

• Multiple high grade deposits in proximity to mill

• Extremely successful exploration programs
• Fully permitted in all aspects
• Strong balance sheet, no debt
• Stable politics and business climate
• Lowest power costs in the world at 2.5 cents per kw/hr
• Full infrastructure and access
• Skilled personnel, extensive local training

Current capacity = 1250 tpd, 1800 tpd potential with crushing addition (2011)
Built 1997 – gravity circuit additions 2009, flotation, CIP, dore

High component of gravity gold Grinding circuit, primary ball mill
Land Position

Scale: 10 Kms

Rice Lake/Red Lake Belt
Hinge Zone
L-13 Cohiba Zone

Six high grade zones discovered in five years
L 13 area

Drilling Now

Site and Zone Location

New LiDar Survey highlights structure
– Includes Rice Lake Upper and Lower, Hinge and Cartwright
– Hinge zone adds significant ounces and reduces cost per ounce via grade
– Hinge resource calc underway.
– Hinge Mine developed and in production
– Replace jaw crusher, increase mill capacity from 1250 to 1800 tpd by 2011
– Cohiba, L-13 and other new zones may contribute as upside


New Emperor
L13 >12 g/T Cohiba >12 g/T
-1000 ft

Hinge >15 g/T

1 km To
Cartwright -2000 ft

-3000 ft

26L New
-4000 ft
98 W Ext

Location of current drill programs -5000 ft

Deep East
Mine and Deposit
Long Section Looking Deep West 10
North 96, A, C
334 vein

Rice Lake

L-13 N





New Zone Locations and Rice Lake Mine

With Planned Development 28-level
Inclined View looking West 98 vein

4.5m 14.8g
Rice Lake Mine
D Shaft Long
Section Looking
-4000 ft
28-09-15 98 vein
5.9m 43.8g
93 vein

94 vein

-5000 ft

DE zones

Location of drill results Oct 19, 2009 96, A, C veins

Deep West Zone

New geology – large sulphide zone 12
New High Grade Discovery Zones

Cohiba Zone
Hinge Zone Emperor

Hinge Portal
High Quality Ounces – Ability to Fast Track

Hinge Zone Timeline

• Spring, 2008 – Hinge Zone Discovered

• March 17, 2009 – Hinge Ore Exposed
• July 1, 2009 – Bulk Sample Completed
• November, 2009 – In Production for < $10m

Hinge Zone
Bulk Sample Results
July 14, 2009

Source Tons g/T (oz/t) oz

Mine development underway
Stope 2738 21.7 (0.63) 1737
Devel 9024 18.0 (0.53) 4448


Gold ounces recovered: 5,938

Overall Mill Recovery: 96%
Recovered by Gravity: 37%
Average per hour: 50 tons
Max achieved: 80 tons
Drilling now Cost data ($ Cdn)

Cost/ton mill $19

Cost/ton mine $59
Total $/ton $78

Total $/ounce $184

Total expenditure $6.5m

Total ft developed 8,000

A’ Wingold shaft 1930’s Rice Lake A

29 Now drilling

37 1000 ft

2000 ft

OPEN – Not drilled

2000 meters
3000 ft

“hinge-like” vein High grade “98” vein

51.4g over 2.7m 4000 ft
And 7.5g over 5m

Current underground drilling

Deep East expl drift
5000 ft
General X-Section
Now drilling
Hinge Zones and Deep Rice Lake
Deep West Veins
Deep East Veins Looking East 16
Drilled 1994
+ Predictive evolving model
+ Repeating host structures
+ Structural control fluid “pathways”
+ Unexplored volcanic rocks

San Gold

L13 Zone A’

Cohiba Zone

Now drilling

In-house Structural Geological Model Bearing Fruit 17
Timmins area geology

Scale: 10 Kms
San Gold 18
This presentation contains certain statements that may be deemed "forward-looking statements". All statements in this
document, other than statements of historical fact, that address events or developments that the Company expects to
occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should"
occur. Forward-looking statements in this document include statements regarding the Company's intention to potentially
acquire mineral properties, statements with respect to a potential financing of units, and statements with respect to the
Companies exploration programs, the Company's. Expenditures on such exploration and the anticipated results of such

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may differ materially from
those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in
forward looking statements include, failure to successfully negotiate or subsequently close such transactions, inability to
obtain required shareholder or regulatory approvals, uncertainty with respect to findings under exploration programs and
general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of
future performance and actual results or developments may differ materially from those projected in the forward-looking
statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management
on the date the statements are made. The Company undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

These statements are based on a number of assumptions, including, among others, assumptions regarding general
business and economic conditions, the timing of the receipt of shareholder, regulatory and governmental approvals for
the Company's proposed transactions, the ability of management to successfully consummate the proposed transactions
and implement the planned exploration. The foregoing list of assumptions is not exhaustive. Events or circumstances
could cause results to differ materially.