Cibolan Gold Corporation 2015

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www.Nevada-Goldmine.com
DEVELOPING A MILLION OUNCE GOLD RESOURCE IN NEVADA
2015 Resource Expansion Plan
February-March 2015

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This presentation contains “forward-looking statements” within
the meaning of applicable Canadian securities regulations and
Section 21E of the United States Securities Exchange Act of
1934, as amended and the Private Securities Litigation Reform
Act of 1995. All statements other than statements of historical
fact herein including, without limitation, statements regarding
potential resources and reserves, exploration results, production
rates and future plans and objectives, are forward-looking
statements that involve various risks and uncertainties. Such
forward-looking statements include, without limitation, (i)
estimates and projections of future gold production and cash
operating costs, (ii) estimates of savings or cost reductions, (iii)
estimates related to financial performance, including cash flow
and capital expenditures, (iv) estimates and projections of
reserves and resources, (v)estimates and opinions regarding
geologic and mineralization interpretation and (vi) estimates of
exploration investment and scope of exploration programs.
There can be no assurance that such statements will prove to
be accurate, and actual results and future events could differ
materially from those anticipated in such statements, in
particular the estimates do not include input cost increases or
gold price variations that could occur in future. Important factors
that could cause actual results to differ materially from the
companies’ expectations are disclosed in documents filed from
time to time with the U.S. Securities and Exchange Commission
(SEC). Forward-looking statements are based on the estimates
and opinions of management on the date the statements are
made, and the companies do not undertake any obligation to
update forward-looking statements should conditions or
management’s estimates or opinions change. Forward-looking
statements are subject to risks, uncertainties and other factors,
including gold and other commodity price volatility, political and
operational risks, which are described in the companies’ 10K
Form on file with the SEC (www.sec.gov) as well as the
companies' other regulatory filings.
Cautionary Note to U.S. Investors ‐ The U.S. Securities and
Exchange Commission permits U. S. mining companies , in their
filings with the SEC, to disclose only those mineral deposits that
a company can economically and legally extract or produce. We
use certain terms in this presentation, such as “measured”,
“indicated”, and “inferred” “resources”, which the SEC guidelines
strictly prohibit U.S. registered companies from including in their
filings with the SEC. U.S. investors are urged to consider closely
the disclosure in our form 10‐K which may be secured from us
or our website at http://www.sec.gov/edgar.html
James Ashton, P.E., and a Qualified Person as defined by NI
43-101, has reviewed and verified the technical information
contained in this article as applicable.
CURRENCY: All monetary amounts refer to United States
dollars unless otherwise specified.
CAUTIONARY STATEMENT
www.Nevada-Goldmine.com February-March 2015

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• Precious metals oriented junior
exploration & production company
• Technically strong management team
• Flagship Property: Independence
Mine Project
• 1 million ounce gold & 4 million
ounce silver resource (measured,
indicated & inferred)
• Completed NI 43-101 Technical
Report and Update
CORPORATE OVERVIEW
February-March 2015

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KEY PEOPLE
Management
Non-Executive Directors
• Daniel J. Forbush, CPA President, CEO & Director
• Bryson Goodwin V.P. – Corporate Development, Director
• Donald J. McDowell, PLS V.P. – Project Development, Director
• P. Brenton Forbush, CPA Chief Financial Officer
• Walter Marting, Jr.
• Shane K. Dyer
• Larry Max Bigler
Technical Advisers
• Dr. Thom Seal, Phd., P.E.–Metallurgical
• Jeffrey Rassuchine - Geology
• James Ashton, P.E. – Mine Engineering,
• Robin Hendrickson– Geologic Engineer
• Dr. Steven Garwin, Phd., Chief Geologist
• William “Bill” Matlack, M.Sc., Geology -
Investment Banking
February-March 2015

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INDEPENDENCE PROJECT OVERVIEW
• Located in Lander County, Nevada
• Total historic drilling: 241 drill holes over
92,680 feet (included in Cibolan Gold’s
geological modeling)
• Cibolan Gold has drilled, logged, and
modeled more than 40,000 feet from 128
RC drill holes and 3 core holes
• Multiple deposits at the property
 Near surface epithermal system
 Deep, high-grade underground target
• Numerous high grade intercepts including
several multi-ounce 5 foot intercepts
• Mineralization open in multiple directions
February-March 2015

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MINING IN NEVADA
• Nevada is ranked among the Top 10
most favorable mining jurisdictions
in the world
• Nevada is responsible for nearly
80% of annual gold production in
the U.S.
• Nevada is the 2nd largest silver
producer in the U.S.
• Cibolan Gold’s Independence
Project is located in the Battle
Mountain-Cortez Gold Trend in
Lander County
February-March 2015

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PROLIFIC
BATTLE
MOUNTAIN
MINING
REGION
February-March 2015

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SURROUNDING MINES
• Encircled by several large scale
historic deposits – Fortitude,
Marigold, McCoy/Cove, Phoenix,
and Sunshine
• The Fortitude Mine’s historic
production totaled 2.2 million
ounces of gold and 9.7 million
ounces of silver
• Fortitude is considered to be
among the most lucrative mines
in Nevada history
* The historic Fortitude Mine lies only 4,000
feet northeast of the Independence Mine.
February-March 2015

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SURROUNDING MINES:
• The Phoenix Mine, owned and
operated by a major gold producer,
flanks the Independence Project on
three sides
• Phoenix Mine annually produces
over 250,000 ounces of gold and
900,000 ounces of silver
• The property contains proven and
probable reserves worth in excess of
$20 billion
• The Independence Project sits atop
the same trend as the Phoenix Mine
* The Phoenix Mine also produces 22 million
pounds of copper each year
February-March 2015

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PROPERTY HISTORY
• Independence Mine was
intermittently in production
from 1938 through 1987
• Historic production: 11,000
ounces of gold and 750,000
ounces of silver
• Historic grades: 0.17 ounces
gold per ton of and 11.53
ounces of silver per ton
• Cibolan Gold Corporation
acquired the Independence
Project in 2005
February-March 2015

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GEOLOGY AND MINERALIZATION
 Three targets of mineralization at
Independence Project
 Multiple near surface
epithermal systems
 A deep high grade, gold rich
skarn
 Potential for a deeper gold-
copper porphyry system
* Geotechnical gold and silver survey for near-
surface epithermal mineralization
February-March 2015

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NEAR SURFACE EPITHERMAL DEPOSIT
• Shallow, open pit mineable target
• Measured & Indicated resource:
223,300 ounces of gold; 3,784,400
ounces of silver
• All 131 Cibolan Gold’ drill holes
encountered mineralization
• Strike length of over 3,000 feet and
depth of 400 feet
• Cibolan Gold is on track to
complete a Preliminary Economic
Assessment by the end of 2015
February-March 2015

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DEEP SKARN DEPOSIT
• High-grade, gold rich deep
underground target
• From a limited number of drill
holes, an Inferred resource of
796,000 ounces of gold already
has been established
• Zone of mineralization is more
than 1,400 feet wide and 3,400
feet long
• Potential for multi-million ounce
gold resource
February-March 2015

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GOLD COPPER PORPHYRY TREND
• Underlies the Independence Project’s deep skarn target
• One deep drill hole intercepted 2 oz/t gold
• This zone appears to be part of the highly prolific Battle
Mountain-Eureka Trend, responsible for 23 million ounces
of historic gold production
• The Battle Mountain-Eureka Trend could contain even
greater resource potential than the parallel running Carlin
Trend, which has produced over 180 million ounces of gold
• Cibolan Gold is planning to conduct additional deep drilling
that could substantially expand the Independence Project’s
resource base

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WHY NOW
Cibolan recently undertook a fresh review of the data
• Why: Identify targets where we can mine 4 to 5 million tons
grading 0.05 ounces per ton to put on the preliminarily
engineered leach pad
• Incorporate known data from other properties in area
• Focused on near surface, near term production opportunities

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WHAT’S NEW
Results of the Review
• Identified range front fault system along western edge of current drilling
• Several holes with multi ounce intercepts drilled west of the fault
• Tenth ounce or greater intercepts in other holes were on trend
• Identified other targets on the property – including High Grade NE Structural Zone
• Designed drilling plan to expand current resources; potentially identify up to 2.0
million tons averaging up to 0.30 ounce per ton (20 times our current average grade)
Recommendations
• Re-examine geologic model in current resource area – focus on structural controls,
emphasize high-grade potential
• Evaluate Range Front system by drilling additional core and reverse circular holes
• Evaluate other identified targets areas with further mapping, sampling and drilling
• Complete PEA using revised geologic model resulting form Range Front and other
target drilling

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New Resource Development Target Zones
February-March 2015

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Geologic Map Showing the Structural Outcroppings
(Red inside C-3 unit) indicating the H.G. Range Front Target Area
February-March 2015

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#1 Priority
Proposed
High Grade Gold
Resource Expansion
Delineation Core Drilling
Plan
X-Section in PPT
PDH Resource
Expansion, HG
Delineation &
New Discovery Target
Area
Hill Resource
Zone
High Grade Gold Delineation & Confirmation
Proposed Core Drill Locations
February-March 2015

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PDH
PDH
GM-109
GM-108
GM-107
C-3
C-3
Slst
Slst
Slst
C-1
C-1C-1
C-1
C-2
C-2
C-1
Slst
GM-111
Cross Section: 3100
GM-111 Au-Opt Ag-Opt
GM111 310 0.049 0.230
GM111 315 0.073 0.235
GM111 320 0.022 0.364
GM111 325 0.052 1.916
GM111 330 0.119 1.714
GM111 335 0.146 1.692
GM111 340 0.039 0.811
GM111 345 0.040 1.004
GM111 350 0.083 0.700
GM111 355 0.081 1.081
GM111 360 0.042 0.912
GM111 365 0.023 0.817
GM111 370 0.018 0.492
GM111 375 0.052 1.136
GM111 380 0.056 1.113
GM111 385 0.026 0.976
February-March 2015

C-1
C-2
C-2
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Cross Section: 3200
PDH
GM-24
GM-25
GM-53
C-3
C-3
Slst
Slst
Slst
C-1
C-1
C-1
Slst
GM-52
GM-69GM-68
High Grade
Silver Zone with Gold
7.0 opt Ag to 30.0 opt Ag
PDH GM-70
GM-70 Au-Opt Ag-Opt
GM70 375 0.013 0.9
GM70 380 0.016 0.8
GM70 385 0.054 2.8
GM70 390 0.115 3.9
GM70 395 0.028 0.8
GM-52 Au-Opt Ag-Opt
GM52 080 0.019 0.8
GM52 085 0.025 2.1
GM52 090 0.050 3.1
GM52 095 0.311 3.9
GM52 100 0.034 0.8
GM-70 Au-Opt Ag-Opt
GM70 345 0.012 1.5
GM70 350 0.072 31.7
GM70 355 0.017 3.0
GM-68 Au-Opt Ag-Opt
GM68 230 0.113 6.0
GM68 235 0.052 6.1
GM68 240 0.032 3.1
February-March 2015

Cross Section: 3750
PDH
PDH
GM-128
GM-73
C-1
C-1
C-1
C-2
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C-3
C-3
C-3
Slst
Slst
Slst
C-2
Slst
C-1
C-2
GM-128 Au-Opt
GM128 315 2.897
GM128 320 0.137
GM128 325 0.033
GM128 330 0.021
GM-73 Au-Opt
GM73 350 0.060
GM73 355 0.029
GM73 360 0.369
GM73 365 0.109
GM73 370 0.025
GM73 375 0.012
GM73 380 0.010
GM73 385 0.069
February-March 2015

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Cross Section: 4100
PDH
PDH
PDH
GM-127
GM-117
C-3
C-3
C-3
Slst
Slst
Slst
C-1
C-1
C-1
C-1
C-2
C-2
C-1
Slst
GM-127 High Grade
GM-127 FA30
SAMPLES Au-OPT
GM127 160 1.586
GM127 165 0.407
GM127 170 0.220
GM127 175 0.123
GM127 180 0.093
GM127 185 0.043
GM127 190 0.012
GM127 195 0.012
GM127 200 0.025
February-March 2015

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Wilson Independence Project Proposed Budget
Direct Resource Development Drilling Costs
Amount
Core Drilling Definition Drilling:
Drilling 5,000 Feet RC @ $50/Ft. (10 Holes) 250,000$
Management, Logging and Reporting 75,000
Sample Analyses (1,000 @ $40ea. Au, Geochemistry) 40,000
Site Construction & Water 30,000
Drilling & Misc. Field Supplies 20,000
QA-QC assay work 10,000
425,000
RC Drilling Definition Drilling:
Drilling 5,000 Feet RC @ $35/Ft. (10 Holes) 175,000
Management, Logging and Reporting 50,000
Sample Analyses (1,000 @ $40ea. Au, Geochemistry) 40,000
Site Construction & Water 30,000
Drilling & Misc. Field Supplies 20,000
QA-QC assay work 10,000
325,000
Totals 750,000$
Activity
February-March 2015

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Cibolan Gold Proposed Budget
Overhead and Expansion
Amount
Overhead
Wages, Salaries and Payroll Related Expenses 250,000$
Office Rent & Related Operating Expenses 60,000
Insurance Expenses 40,000
Other General and Administrative Expenses 50,000
Investor Relations Expenses 25,000
Legal Expenses 50,000
475,000
Debt Reduction ($1.0 million via stock)Cash 250,000
Acquisition and Expansion
Piute Joint Venture Annual Work Commitment (Acquire for 1 million units) 150,000
Mineral Property Acquisition 500,000
Independence Claim Purchase 500,000
Preliminary Economic Assessment (PEA) 75,000
Project Permitting, State and County Permits, Environmental Studies 75,000
Mining, Metallurgical & Process Engineering and Design 40,000
Drill and Case Water Well 40,000
Geologic 3D Modelling & New Resource/Reserves Models 50,000
NI 43-101 Technical Report Completion 25,000
Contingency 70,000
1,525,000
Totals 2,250,000$
Categories
February-March 2015

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The Company cautions that it has not demonstrated that it will be economically viable to build and operate a mine at the Independence Project and that it is not in a position at this time to make, nor has it made, a production
decision. Accordingly, there is a significant risk that the Company will not be able to economically build or operate a mine at the Independence and that it will not therefore, make a decision to commence the building of a mine
at the Independence. Even if a production decision is made, there can be no assurance that the Company would be able to build a mine at the Independence within the projected timeframe, or at all.
201420132012
INDEPENDENCE PROJECT TIMELINE TO PRODUCTION
Pre Feasibility
Produc on
Construc on
Engineering and Design
Permi ng
Prefeasibiliy
Preliminary Economic
Assessment
Capital Program Cost
Budget
Opera ng Cost Budget
Key State Permits
Surface Hydrology
Water Pollu on Control
Reclama on Permit
Air Quality Permit
BLM
Plan of Opera ons
Engineering and Design
Facility Layout
Process Design
Leach Pad and Pond
Designs
Waste Rock Dump Design
Pit Design
Construc on
Prepare Waste Rock Dump
Leach Pad and Ponds
Construct Shop Admin Office
Plant and Process Facility
Produc on
Av. 30,000 oz annually
Wilson Independence Project Estimated Timeline
2015 2016 2017
February-March 2015

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Wilson Independence Project
Production Plan Layout

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SHARE STRUCTURE
(Week of February 12, 2015)
OUTSTANDING
SHARE PRICE
MARKET CAP
AVG. TRADING
Issued
Warrants
Fully Diluted
8,061 shares/day
US$ 1.5 Million
22.9 Million
2.9 Million Average Price $0.29
25.7 Million
High 0.0750$
Low 0.0455$
VWAP 0.0657$
February-March 2015

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THE Cibolan Gold ADVANTAGE
• Located in Nevada: Gold and Silver mining powerhouse
• At A Major Mining Company’s Doorstep: The Independence
Mine is located at the right address, directly adjacent to the
Phoenix Mine
• Large Gold Resource: NI 43-101 compliant 1 million ounce
Measured, Indicated, and Inferred gold resource; additional 4
million ounce silver resource
• Excellent Logistics: Accessible by all-weather roads; water and
commercial power available; skilled workforce in place
• Strong Technical Team: 100+ years of experience in the mining
sector
February-March 2015

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FUTURE PLANS
 Complete Preliminary Economic Analysis
• Validate the substantial gold and silver values at the Project
• Provide detailed estimates for equipment, construction, permitting,
and operational costs
• Establish a detailed estimate of mine life, production, and profitability
 Conduct Additional Drilling Programs
• Continue drilling programs as to further delineate the near surface
epithermal systems and the deep targets
• Expand the Independence Project’s overall resource base
 Recapitalize Cibolan Gold Corporation
• Raise new capital for future exploration and development
• Acquire a TSX listing for the Company
February-March 2015

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CORPORATE INFO
Cibolan Gold Corporation
1155 West Fourth Street, Suite 210 Reno, NV 89503
Daniel J. Forbush, President & CEO
Tel: 775-583-4636 Fax: 775-825-8862
info@nevada-goldmine.com
www.nevada-goldmine.com
February-March 2015

Cibolan Gold Corporation 2015

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Cibolan Gold Corporation 2015