Exploring For Gold in a Gold-Rich System

January 2011

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Forward-looking statements relate to future events or the anticipated performance of the Company and reflect

management’s expectations or beliefs regarding such future events and anticipated performance. In certain

cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected",

"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words

and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be

taken", "occur" or "be achieved", or the negative of these words or comparable terminology. By their very

nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual performance of the Company to be materially different from any anticipated performance

expressed or implied by the forward-looking statements.

Important factors that could cause actual results to differ from these forward-looking statements include risks

related to failure to define mineral resources, to convert estimated mineral resources to reserves, the grade and

recovery of ore which is mined varying from estimates, future prices of gold and other commodities, capital and

operating costs varying significantly from estimates, political risks arising from operating in Brazil, uncertainties

relating to the availability and costs and availability of financing needed in the future, changes in equity

markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of

projects, conclusions of economic evaluations, changes in project parameters as plans continue to be refined,

uninsured risks and other risks involved in the mineral exploration and development industry.

Although the Company has attempted to identify important factors that could cause actual performance to

differ materially from that described in forward-looking statements, there may be other factors that cause its

performance not to be as anticipated. There can be no assurance that forward-looking statements will prove

to be accurate, as actual results and future events could differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward-looking statements. These

forward-looking statements are made as of the date of this presentation and the Company does not intend,

and does not assume any obligation, to update these forward-looking statements.

Forward Looking Statements

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Juruena Project

Extensive gold system

+0.5Moz gold mined at surface

Property largely untested

Drilling commenced December 2010

Mato Grosso, Brazil Favourable mining jurisdiction, extensive

infrastructure

Well Financed $9.2mln IPO completed November 2010

Experienced Executive Team

Why Lago Dourado?

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Ownership Breakdown Shares (M)

Shares Outstanding pre-IPO 42.2

Shares Offered under IPO(1) 18.4

Basic Shares Outstanding 60.6

Options(2) 5.1

Warrants(3) 3.4

F/D Shares Outstanding 69.1

Major Shareholders

Management & Directors (11%)

Rosseau Asset Management (23%)

Pinetree Capital

(1) Gross proceeds of $9.2mln (18.4 M shares issued at $0.50)

(2) 1.55 M exercisable at $0.25 until June 2015, 1.55 M exercisable at $0.35 until September 2015, 2.0 M exercisable at $0.50

until December 2015

(3) 2.1 M exercisable at $0.50 (exercisable until July 2012), 1.3 M exercisable at $0.50 (exercisable until November 2012)

Capital Structure

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Management & Board of Directors

Thomas Obradovich Chairman 20 yrs experience in developing gold, base

metal and diamond projects from grass roots

to advanced exploration

Co-founder of Aurelian, Ex-President & CEO

of Young-Davidson Mines

Forbes Gemmell President & CEO Former precious metals analyst at Raymond

James covering mid-tier gold producers

10 years experience in the investment industry

CFA charterholder

Murray Paterson

VP Exploration & Development 15 yrs experience in open pit/underground,

precious/base metal operations in a variety of geological environments (Bolivia, Australia, Africa)

Mine Geological Superintendent for

Equinox at Lumwana and Chief Mine Geologist

at the world-class Geita Gold Mine in Tanzania

Dan Noone Director VP Exploration at Guyana Goldfields

20 years experience including senior geologist

roles in PNG, Indonesia & South America

Dean MacEachern

Director Co-founded Lago Dourado

20 years precious & base metals exploration predominantly with Falconbridge (1988-2005)

Jon Douglas

Director Senior VP & CFO of Northgate since 2001,

former Director of Aurelian

Involved in A&D and operation of gold projects

in North America and Australia

Michele McCarthy Director / Corporate Secretary Chief Legal Officer for GMAC Residential Funding

Advisor to mutual funds and hedge funds on corporate governance, compliance & HR matters

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Brazil Summary

Quick Facts

9th largest economy in the world

Experienced cost effective labour

Extensive infrastructure (roads, power, towns & services)

12th largest gold producer in

the world

5th most populous country

Fraser Institute – ranked 3rd in South America based on 2009/10 Mining Survey

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Juruena – Active Workings

Extensive Surface Workings

Jacaré pit Est. 10,000 oz Au

extracted in 1 year

Garimpeiros (Artisanal Miners) Property worked by garimpeiros since 1980s (>0.5Moz Au mined)

Only alluvials and saprolite mined (to

an average depth of ~30m)

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Owned mid-1990s by Madison

Failed to make property payment in late 1997 (weak gold price, post-Bre-X)

Property position has been consolidated by Lago Dourado

Geomin claims – option agreement to earn 70% interest

Talon claims – acquired 100% interest

Juruena – Background

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Juruena/Teles Pires Horst

Regionally extensive granite belt with multiple intrusive events

Stretches east-west for >400km, average width 30km, 7Moz produced 1979-1997

Access to the project by small airplane, dirt road and river

Juruena – Alta Floresta Gold Belt

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Intrusion Related Deposit

Mineralization structurally controlled

Multiple Styles of

Mineralization

High-grade veins with minor

sulphides Sheeted quartz veins Stockworks Minor breccias

Shear zones with intense fracturing Vein sets range from 1m up to 50m wide, veins range from

<1cm to 1m thick

Juruena – Local Geology

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Extensive Gold-In-Soil Anomaly

Core Area

Noventa Graus

12

Potassic alteration reconciles with gold-in-soil anomalies

Red = Potassium rich zones

Green = Thorium rich zones

Blue = Uranium rich zones

+ signs indicate existing artisanal pits (except SE Soil Anomaly)

Core Area

Noventa Graus

Significant Potassic Alteration

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Historic Drilling

91 holes (15,000m) drilled by

Madison in mid-1990s

Drilling concentrated around existing garimpeiro workings

No systematic drill work

over entire mineralized system

Juruena – Historic Drill Holes

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Juruena – Active Workings

Tomate Zone Discovered April 2010

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10m

Quartz sheeted veins at east end of Crentes Pit

2.7 g/t Au over 36m (oxidized) in hole J-01 underneath workings

Intercepts of 10.5m @ 15g/t and 5.8m @ 52g/t starting at vertical depth of 75m

recorded beneath Crentes Pit

Juruena – Crentes Pit

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Juruena – Community Relations

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2 known deposits hosted in

eastern most package of volcanics and granite

Jauru belt hosts VMS type showings and shear zone gold showings

Option agreement to acquire 70% of project (same terms as Juruena project)

Historic Drill Intercepts for

J6-A Target

14.7 g/t Au over 12.0m

5.8 g/t Au over 12.1m

Jauru – Earlier Stage

Geomin Option (85,000 hectares)

20km

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Exploration upside

One of the most extensive gold-in-soil anomalies in Brazil

Property largely untested

Major zone to south already discovered

Upcoming catalysts

Drilling – 12,000m (60 holes) campaign commenced December 2010

Drill results – late 1Q 2011 onwards

Well financed – current cash balance of ~$7.5mln

Proven and experienced executive team

Investment Opportunity

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Geomin Deal

Payment schedule outlined below earns Lago a 70% interest (joint venture is established with standard dilution clauses)

Option to buyout remaining 30% for US$8 M

Talon Deal

100% interest for $1 M cash, 0.5 M shares + 0.5 M warrants

Appendix A - Juruena Deal Structure

Year-End Option

Payments (US$)

Exploration

(US$)

Total

(US$)

On Signing $150,000 Nil $150,000

July 2010 $250,000 $350,000 $600,000

July 2011 $300,000 $450,000 $750,000

July 2012 $300,000 $1,200,000 $1,500,000

July 2013 $500,000 $1,500,000 $2,000,000

Total $1,500,000 $3,500,000 $5,000,000

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Head Office Contact

Forbes Gemmell

President & CEO

55 University AvenueSuite 700

Toronto Ontario M5J 2H7

Tel: 416 368 5005Fax: 416 703 8299

Email: fgemmell@lagodourado.net

www.lagodourado.ca

Contact