Forward-Looking Statements



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  • Strait Gold’s Alicia Copper-Gold Porphyry-Skarn Project in Peru: A Major Discovery in the Making?
  • May 27, 2010

Forward-Looking Statements

  • This presentation document contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Company Profile

  • TSXV-listed mineral exploration company
  • Operating solely in Peru
  • Three active projects:
    • Alicia (copper-gold)
    • Letra Rumi South (copper-silver)
    • Culebrilla (gold-silver)

Management and Directors

  • *Qualified Person for the disclosure of this presentation
  • **Independent

Strategy

  • Early stage exploration
    • Highest potential reward
  • Focus on Peru
    • Favourable geology, economy, mining culture
  • Build pipeline of projects, adding value through exploration
  • Top priority 2010 – drilling at Alicia Project

Share Structure

  • Shares outstanding 27,010,436
  • Warrants 2,188,400
  • Incentive Options 2,145,000
  • Fully diluted 31,613,836
  • Market Capitalization Selected Exploration Companies in Peru

Peru – A Mining Country

  • Fifth largest gold producer in the world
  • First in silver, third in copper
  • Second lowest country risk in South America after Chile*
  • Established and consistent legal framework – Free Trade Agreement with Canada, 2008
  • “Elephant” Country
    • Tintaya, Las Bambas (Xstrata)
    • Yanacocha (Newmont, Minas Buenaventura)
    • Growing list of other world class mines/projects
  • * S&P, Fitch and Moody’s , April 2008

Project Locations

  • Alicia Project
    • Cusco Region
    • 500 km SE of Lima
  • Letra Rumi South and Culebrilla

Alicia Project

  • 26-sq-km property
  • 60 km south of city of Cusco
  • Community agreement in place
  • Existing road to the property
  • Andahuaylis-Yauri porphyry-skarn belt in southern Peru hosts multiple mines/projects

Alicia Project

  • Tintaya (Xstrata: current reserve of 78 million tonnes @ 1.1% Cu, 0.16 g/t Au after 25 years of production
  • Las Bambas (Xstrata: 1.1 billion tonnes @ 0.77% Cu)
  • Cotabombas (Panoro Minerals: 114 million tonnes @ 0.68% Cu, 0.38 g/t Au)

Andahuaylas-Yauri Belt

Alicia Project –Simplified Geology

  • Not true widths. Results are historical and should not be relied upon.

Alicia Project –Trenching Highlights*

  • Zone Trench Width (m) Cu (%) Au (g/t) Ag (g/t) Mo (%)
  • 1 Iris 5 56.0 1.9 0.18 12.7 0.003
  • 1 Iris 6 32.2 2.0 0.10 7.2 0.012
  • 1 Iris 10 32.2 1.8 0.20 12.0 0.009
  • 1 Iris 11 12.0 3.2 0.40 31.4 0.004
  • 2 Huanca 9 16.4 1.8 0.22 7.0 0.013
  • 3 Suraco 3 16.0 1.2 0.40 12.7 0.002
  • 4 Suraco 1 20.2 1.7 0.94 10.9 0.002
  • 5 Huanca 7 16.3 2.4 0.36 12.8 0.035
  • 6 Huanca 3 14.9 2.0 0.39 16.7 0.001
  • 7 Huanca 1 31.7 0.5 0.07 4.6 0.002
  • 8 Huanca 5 20.0 4.9 0.42 29.2 0.009
  • 8 Huanca 6 23.2 3.9 0.23 21.6 0.038
  • 9 Iris 7 31.6 2.8 0.32 14.7 0.024
  • 9 Iris 8 19.3 1.5 0.18 8.1 0.005
  • * Not true width. Results are historical and should not be relied upon.

Alicia – SRD Chip-Sampling Results

  • Zone 1
    • 10.0 m @ 0.99% Cu, 0.14 g/t Au, 5.54 g/t Ag
    • 10.0 m @ 1.73% Cu, 0.22 g/t Au, 9.57 g/t Ag
  • Zone 1 Extension
    • 5.5 m @ 2.17% Cu, 0.12 g/t Au, 6.23 g/t Ag
    • 6.0 m @ 5.65% Cu, 0.95 g/t Au, 45.25 g/t Ag
  • Zone 5
    • 16.5 m @ 2.35% Cu, 0.38 g/t Au, 15.1 g/t Ag

Alicia Project – Extension Zone

  • NE
  • SW
  • Limestones
  • Garnet Skarn
  • Porphyry
  • Potential for more mineralized
  • skarn below the limestones

Summary

  • Grassroots exploration strategy
  • Peru focus
  • 27.0 million shares outstanding
  • Alicia Project
    • Option to earn 100%
    • Large property – 26 km2
    • Similar characteristics to major deposits in the same metallogenic belt
    • Excellent copper and gold grades from early sampling
  • TSXV: SRD
  • 18 King St. E., Suite 1203, Toronto, ON M5C 1C4
  • www.straitgold.com
  • Jim Borland, President
  • 416-223-9970
  • jborland@straitgold.com


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