Montana Gold Mine Project in USA Search for Investors

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Gold has regained its luster in the market and we believe that the next precious metal supercycle is just commencing. The timing could not be better for us to position ourselves as efficient and cost effective gold miners. Using a low tonnage mining model we plan to advance
high-grade assets in stages for a fraction of the exploration and capital costs.
We believe this corporate model will provide investors with significant leverage to the gold price by minimizing shareholder dilution as well as corporate debt and provide cash flow to the company quickly as possible. We’ve put together an experienced team who have done it
before and we intend to do it again.

PROJECT FACTS
High grade small vein gold project

• Located in a historic mining district
• Friendly permit process for small miner permits
• Standard decline (900 feet) and underground mining method for ore extraction
• Three Custom Mills in the area are available for toll milling

Exploration Potential

• Drilling continues to increase high grade gold ounces
• Existing veins open at depth
• New high grade veins being discovered
• Gold recovery expected 6-9 months once the decline is started

THE WINSTON PROJECT
Located 37 km southeast of Helena, Montana. Year round access by paved road. Excellent infra-structure in a mining friendly jurisdiction.

Property hosts the past producing high-grade Custer
Vein. There is no modern drilling on this mesothermal vein system. Historic Reports indicate that 1.5 ounce per ton gold ore was being produced when the mine closed. It was mined only to the water table.

There is excellent potential for fast and cheap gold
recovery using Small Miners Permit, access via old mine workings, and contract milling.

WGC holds a huge database that includes information from over 630 drill holes, representing more then USD $12 million in past exploration.

PORTAL AND DECLINE DEVELOPMENT PLAN
Development Design:
• 40 ft. by 12 ft. by 12 ft. timber portal
• Decline will measure 11 ft. high by 10 ft. wide
• Length of decline 840 ft.
• Decline to be driven in at average grade of – 14% for 650 ft. until break-though into old workings.
• 12 ft. by 12 ft. by 24 ft. muck bays placed every 400 ft.

Expected Development Costs
• USD $2,000,000

Timeline
• Portal – 14 days
• 610 ft of decline development – 45 days
• 2 muck bays – 6 days

Total development time from commencement of work – 65 days
Total cost USD $2,000,000

BULK SAMPLE TEST MINING PLAN
Mining Method: Shrinkage Stoping

• Decline will cross cut the Block 93 vein and advance west between the Parallel and Block 93 veins.
• A cross cut will access the Block 93 vein to the south and two drift headings will be developed.
• Another cross cut will access the Parallel vein to the north and another two drift headings will be developed.
• As decline spirals down to next level (40 ft below), another two drift headings will be added to each vein
• Once drifts are completed, raises will be developed to access ore above the drifts.

Production Rates

• 21 tons per heading per shift - each shift 10 hrs
• 42 tons per heading per day
• With 4 headings production reaches 168 tons per day
• With 6 headings production reaches 210 tons per day
• Once drifts are completed raise development will supplement tonnage
• Raises produce lower overall tonnage but may produce higher grade due to a lower dilution factor.

COST ESTIMATES
Initial Development Costs include: Decline development, Muck Bays, Cross Cuts, Ramp:
Estimate: USD $2,400,000
Mining : USD $149 per ton
Transportation: USD $16.5 per ton
Barrick Tol l Arrangement
• USD $32 per ton to mill and process.
• Payment is made at market value for gold. Mill keeps all silver recovered.
• Umpire Assays performed by Winston’s on-site lab as well as by Barrick Gol d’s lab
• If necessary a Referee Lab will be contracted
• Estimated gold recovery – 98%

Ongoing Exploration and Development Costs: USD $2,100,000

Winston G&A: USD $900,000

Total Cash Costs Per Oz Produced: US $656.30

PERMITTING
• Winston Gold Corp. currently has an active Exploration License that is administered by the Hard Rock Bureau of the Department of Environmental Quality (DEQ).

• This Exploration License allows for:
1. exploratory drilling,
2. underground development for the purpose of exploration,
3. dewatering of the mine for exploration purposes provided the discharge is to groundwater,
4. removal of a 10,000 ton bulk sample for the purpose of metallurgical testing.

• All of these activities are permitted and bonded as they are proposed and approved.
Permitting time varies with complexity of each proposal but is generally less than 30 days.

A Small Miners Exclusion Statement (SMES)
• allows a miner to mine and leave un-reclaimed up to 5 acres of surface disturbance. The SMES does not provide for discharge of mine water. The SMES is a filing with the Hard Rock Bureau, DEQ by the mining company and as such is not considered a State action. It is effective immediately upon filing. A copy of an SMES is attached.

The Montana Groundwater Pollution Control System (MGWPCS)
• It allows any operator to discharge industrial or mining water to the groundwater system.
• The application requires a year’s worth of environmental baseline and a designed proposal to discharge.
• The State evaluates the proposal, invites public comment, produces an Environmental Assessment, and generally issues the permit in about one year from initial submittal.

Operating Permit
• Administered by the Hard Rock Bureau, DEQ.
• It allows for mining and the discharge of mine water to the groundwater system.
• There are no size or tonnage limits under an Operating Permit, but all disturbances are bonded for eventual reclamation.
• Obtaining an Operating Permit is a multi-year endeavor. The time required varies with complexity of the project, anticipated environmental impacts and degree of public opposition.
• Winston assumes a 2-to-5 year timeline from submittal to approval for its project.

The Operating Permit application typically consists of three major headings:
1. The Existing Environment: typically describes the Air Resources and Climate, Hydrology, Soils, Vegetation, Wildlife, Socio Economic Environment and Cultural Resources. These investigations typically require up to a year to complete compile. Several of them require retention of specific disciplines.
2. The Operating Plan: describes the mine plan in detail, specifying location and depth of development, disposition of waste rock and processing of ore, as well as any required mitigation measures to address impacts to water, ground stability or impacts to people in the vicinity.
3. The Reclamation Plan: describes reclamation of all disturbances and long term monitoring as required.

INVESTOR OPPORTUNITY
Using a small scale mining model WGC intends to advance its high-grade assets in stages for a fraction of the exploration and capital costs. This will minimize shareholder dilution, without the necessity of significant corporate debt and maximize leverage to the gold market for our investors.

Quick Path To Production for a fraction of the cost
• Existing Historic High-Grade Asset that has only been partially mined
• Provides potential for low-cost, small-scale, but high-grade, mining operation
• Project has access to excellent infrastructure and skilled labour
• Simple permitting path via SMES
• Three cost effective Tol l Milling opportunities available

Realizing Cash Flow from Operations without significantly diluting share capital or incurring significant debt should translate to significant increase in Market Valuation of Company.

A rising Gold Price will benefit the Market Valuation of companies that have production
When Winston achieves commercial production the Company will evaluate a dividend policy

USE OF PROCEEDS
Current Financing Requirement - USD $6,500,000

• Decline development,
• Muck Bays,
• Cross Cuts,
• Ramp,
• Estimated Cost: USD $2,400,000
• Drilling: Both Underground and Surface: USD $900,000
• Operating Costs: Engineering, Geology, Ect. USD $1,600,000
• Contingency $500,000
• Finance Costs $600,000
• Other: $500,000