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Buckskin Rawhide Property Presentation April 2011

The Buckskin Rawhide Property is an early stage gold/silver exploration property located adjacent to the Rawhide Mine, a gold/silver mine owned and operated by Rawhide Mining Company. It is also adjacent to the Regent exploration property owned by Pilot Gold Corporation.

The Buckskin Rawhide property was previously explored and drilled by Kennecott Minerals Company, including over 27 drill holes. Results indicate the potential for high grade mineralized gold/silver veins and bulk minable disseminated gold/silver zones. The development alternatives would include advancing the Buckskin Rawhide Property as a stand alone gold/silver exploration project or combining it with other existing properties in the region.

In January, 2011, Emgold announced results of initial surface sampling of the Black Eagle Vein which included two high grade gold chip samples assaying 9.0 and 7.4 ounces per ton ("opt") gold respectively (See Emgold's January 12, 2011 press release as www.emgold.com). The gold-silver mineralization is related to the fault and occurs over a measured strike length of 1,100 feet (and open to extension). The Black Eagle Vein, in the Black Eagle Fault, consists of fault gouge, quartz veins, and silicified wall rocks overprinted with iron-manganese oxides. Within the Black Eagle Vein Emgold has identified a zone 300 feet in strike length that contains high grade gold. This zone is interpreted to be a steep dipping shoot.

Emgold believes additional exploration activity is warranted on the property, including a core drilling program on the Black Eagle Vein. Estimated cost of a first phase of drilling is US$500,000, which would include core drilling, core logging, and assaying. The Company plans to complete this work in 2011, subject to successful financing activities. If adequate mineralization were to be found in the first phase, more drilling would be necessary to define a resource.

Location

The property is located approximately 40 miles southeast of Fallon, Mineral County, Nevada, as shown on the Property Location Map.

Buckskin Rawhide Property Location Map

Ownership

The property comprises 1,040 acres consisting of 52 unpatented mineral lode claims and is under the jurisdiction of the Bureau of Land Management (BLM). Six claims, totaling 120 acres were staked by Emgold (see Emgold's April 11, 2011 press release). Forty-six claims are under a lease and option to purchase agreement to acquire 100% of the claims from Nevada Sunrise LLC, a private company located at Auburn, California. The terms of this agreement were disclosed in an Emgold news release dated December 1, 2009.

The 46 claims are currently 75% owned by Nevada Sunrise LLC, a private Nevada company and 25% owned by Maurice and Lorraine Castagne. Emgold has agreed to lease the property from Nevada Sunrise LLC, subject to the following payments:

Buckskin Property Payments
Year	Advance Royalty Payment
2009	US$10,000 (1)
2010	US$10,000 (1)
2011	US$10,000 (1)
2012	US$20,000 (1)
2013	US$40,000 (1)
2014	US$60,000 (2)
2015	US$60,000 (2)
2016	US$60,000 (2)
2017	US$60,000 (2)
2018	US$60,000 (2)
2019	US$60,000 (2)

Note: (1) Lease payments may be paid in either cash or Emgold common shares based on an average price of shares traded during the calendar month prior to the payment due date. (2) Lease payments may be paid in Emgold common at the discretion of Nevada Sunrise based on an average price of shares traded during the calendar month prior to the payment due date.

During the lease period, Emgold may conduct exploration and, if warranted, complete a NI43-101 compliant feasibility study. On completion of the feasibility study, Emgold may acquire 100% ownership of the property by paying Nevada Sunrise an additional amount of US$250,000 which Nevada Sunrise is required to use to purchase the retained 25% interest from Maurice and Lorraine Castagne as per an underlying property agreement, and to transfer that title to Emgold. Upon commercial production and after acquisition of 100% interest in the property by Emgold, Nevada Sunrise will be entitled to a 2.5 percent Net Smelter Royalty on production from the property.

History

Historic mining activity occurred on the Buckskin Rawhide Property, mostly between the years 1906 and 1920. Modern exploration at the property reportedly began in 1982 and consisted of geologic and alteration mapping, surface rock chip geochemical sampling, geophysics, and reverse circulation drilling, most of which was done by Kennecott Minerals. At that time, the company was exploring the entire Rawhide District, and concluded that the best mineral deposits for mining were at Rawhide Mine. Other companies also conducted reconnaissance exploration of the property.

Kennecott drilled 27 holes near Buckskin Mountain in the center of the property, and also drilled holes in the Black Eagle Hill area on the west side of the claims, with sample results indicating that low grade mineralization was present at both locations. Years later Kennecott Minerals drilled more holes on the Black Eagle Vein. One hole contained stronger mineralization, including a zone 25 feet wide with 0.13 ounce per ton (opt) gold and 1.68 opt silver. This drill hole also had five feet of 0.229 opt gold and five feet of 4.02 opt silver, as well as 165 feet of 0.031 opt gold. These were not true thicknesses.

No samples are known to remain from the historic sampling programs and no information exists on sampling methods, approach, preparation or security. Also, no QA/QC procedures were described. The results of historic sampling cannot be verified and therefore are not NI 43-101 compliant, but the data is a useful guide for future exploration.

District Potential

The Rawhide Mine, a large gold/silver operation adjacent to the Buckskin Rawhide Property, began mining operations in 1988 with mining completed in May 2003. Reported production was 1.47 million ounces of gold and 11.7 million ounces of silver through 2005. Kennecott Minerals discontinued mining activities at the Rawhide Mine and dropped the Buckskin Rawhide and Regent properties in the early 2000's when gold prices dropped below US $300 per ounce. In 2010, Kennecott Minerals Inc. sold the Rawhide Mine to a private company called Rawhide Mining Company (a private company). Rawhide Mining Company is continuing to recover gold from existing heap leach pads at Rawhide Mine. That company also has plans to re-activate mining at the Rawhide Mine.

In addition, from the 1980's through 2000, Newmont Mining Corporation and Kennecott Minerals drilled 580 mostly shallow, vertical reverse circulation holes on the adjacent Regent property exploring for bulk minable resources. Kennecott Minerals reported a resource of 51,901 ounces of gold and 473,627 ounces of silver at an average grade of 0.022 opt gold and 0.196 opt silver using a US $300 per ounce gold price. This resource estimate is not NI 43-101 compliant. The Regent Property is currently owned by Pilot Gold Corporation (GLG-TSX) a gold exploration company spun out of Fronteer Gold Inc. as part of Newmont Mining Corporation's recent acquisition of Fronterr through a "Plan of Arrangement". Pilot has announced a Phase 1 drill program on Regent totaling 10,000 meters with an initial budget of $2.5 million (see Pilot's April 19, 2011 press release). Pilot plans to evaluate both high grade vein mineralization and bulk-mineable tonnage.

As outlined in Fronteer Gold Inc.'s Notice of Meeting and Management Information Circular dated March 2, 2011, The Regent Property has been identified by Pilot Gold to be material for the purposes of NI 43-101. An NI-43-101 technical report on the Regent Property was completed by Pilot Gold (dated January 4, 2011) and is available under Fronteer Gold Inc.'s public filings at www.sedar.com. Pilot Gold will control 110 claims at its Regent property and plans to undertake a two phase drilling exploration program with a proposed expenditure of CDN$1.93 million in Phase 1, followed by a CDN$3.33 million Phase 2 program if warranted from the results in Phase I.

While exploration success at the Rawhide or Regent properties does not guarantee success at Buckskin Rawhide, it does speak to the potential of the Rawhide District for gold-silver discoveries. There may ultimately be potential synergy for exploration, discovery, and development of the properties, given their close proximity.

Geology and Mineralization

The Buckskin Rawhide property is a volcanic-hosted, structurally controlled, epithermal gold-silver target situated in the Walker Lane gold belt of western Nevada. The Walker Lane is a regional shear zone and known gold trend that has hosted large and small historic and recent gold-silver mines in western Nevada, including mines of the Comstock Lode, Tonopah District and Rawhide District.

Buckskin Rawhide geology and mineralization is similar to Rawhide Mining Company's Rawhide Mine. Mineralization is associated with structures from the Walker Lane along with lithologic units and structures of the Rawhide caldera. Emgold's Buckskin Rawhide Property is located about 1.5 miles west of the Denton-Rawhide Mine, as shown on the Regional Gold/Silver Properties Map.

Regional Gold/Silver Properties Map

Exploration

The Black Eagle Fault is a prominent north-trending structure situated on the west side of Emgold's claim block. The surrounding bedrock is volcanic and includes latite and vent breccia. The gold-silver mineralization is related to the fault and occurs over a measured strike length of 1,100 feet (and open to extension). The Black Eagle Vein, in the Black Eagle Fault, consists of fault gouge, quartz veins, and silicified wall rocks overprinted with iron-manganese oxides. Within the Black Eagle Vein Emgold has identified a zone 360 feet in strike length that contains high grade gold. This zone is interpreted to be a steeply dipping shoot, and is open to extension. Rock chip samples in the mineralized shoot in the Black Eagle Vein are shown in Table 1 below.

Resources and Reserves

Buckskin Rawhide is considered an early stage property. No NI 43-101 compliant resources have been defined for the property at this time.

Mining

Exploration would target high grade veins and low grade disseminated gold deposits suitable for mining by either surface or underground methods. Selection of mining methods would be determined following exploration and economic studies.

Metallurgy

The potential would exist for heap leaching of low grade ore or milling of higher grade ore. Rawhide Mining Company operates a heap leach operation at the adjacent Rawhide Mine. Selection of a metallurgical process would be subject to additional exploration activity, metallurgical test work, and economic studies.

Permitting and Environmental

The property is currently an exploration stage project and permits for drilling will be administered by BLM in Carson City, Nevada. Permits for small drilling programs disturbing less than five acres typically can be obtained in about 30 days, although the time can be longer depending on the work load of BLM staff at the time of application. Large programs requiring an environmental assessment would take several months.

The Buckskin Rawhide Property does not appear to be situated close to any restricted areas (such as BLM wilderness areas).

The State of Nevada is considered to be one of the best jurisdictions in the world for permitting mining operations. Permitting of a mining operation would be done under the National Environmental Policy Act (NEPA).

Conclusions

Buckskin Rawhide is a favorable exploration property for Emgold because mineralization is present over a broad area and because the geology and mineral deposition is similar to that found at the Rawhide Mine, a large and successful gold mine located adjacent to it. Prior mining and prospecting has delineated areas that can be prepared for further testing in a short timeframe and with minimal cost.

The development strategies include advancing the Buckskin Rawhide Property as a stand alone gold/silver exploration project, or alternatively (and subject to agreements with other companies), combining Buckskin Rawhide with other existing properties in the region to create a larger resource and possibly reduce mining costs.

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