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  • 1. Spain Corcoesto Gold Project Galicia - Spain

2. Forward Looking Statement Certain statements in this document constitute forward looking statements which may not be based on historical fact. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results to be materially different from any future results, performance, or achievements expressed or implied by such forward looking statements. Such factors include, among others, the following: actual results of exploration and development activities; the estimation or realization of mineral reserves and resources; the timing and the amount of future production; the costs and timing of the development of new deposits; future prices of precious and base metals; accidents; risks inherent in mineral exploration; risks associated with development, construction and mining operations; restrictions on foreign ownership; the Companys history of operating losses and uncertainty of future profitability; uncertainty of access to additional capital; environmental liability claims and insurance; and dependence on joint venture partners. Mr. Gregory Smith, P. Geo., Vice President of Exploration for Edgewater Exploration Ltd., is the qualified Person as defined by NI 43-101 and has prepared and approved the technical data and information in this presentation 3. Spain Corcoesto Gold Project1. INTRODUCTION, LOCATION, HISTORY 2. GEOLOGY AND RESOURCES 3. FEASIBILITY AND MINE PLAN 4. Spain Corcoesto Gold ProjectINTRODUCTION, LOCATION, HISTORY 5. Spain Corcoesto Gold Project Claim StatusProject OfficeMineral RightTypeEmilita Exploitation Concession Ciudad de Masma Exploitation Concession Ciudad de Landr Exploitation ConcessionNumber 1221 1455 1454GrantedExpiringMay-18-1912 Ago-10-2064 June-16-1926 Ago-10-2064 June-16-1926 Ago-10-2064Surface (Ha) 270,5 305,5 197,6 6. Spain Corcoesto Gold Project Adjacent properties EDW applied for addtionalground along the gold belt (more than 15,000 Hectares) Legend Corcoesto Exploitation Concessions. (Granted)Investigation Permits & Exploitation Concession pending of resolution. (Public Tender) Investigation Permits pending of granting.Corcoesto 1.5 Moz/Gold NI 43-101 7. Spain Corcoesto Gold Project Government and Community support Support for Project Development at Local and Regional Levels Regional Government promoting Mining Industry in Galicia (www.mineriadegalicia.com) Mining Title confirmed for period of 90 years since August, 1974 (up to August, 2064) EDW and drilling companies employing local people Company sponsoring local celebration at Corcoesto and other events. Support for Project development from the local communityRECENT POLL (August, 2012) 80% OF NEIGHBOURINGMUNICIPALITIES IN FAVOUR OF MINING PROJECT 8. Spain Corcoesto Gold Project Communication and PR. (Guindeira Communication & Events) Communication Strategy based on: Transparency Engagement with Local Community , Highest level of environmental standards EDW has made presentations to: Local and Galician Government Local Political Groups Main Environmental Galician Group Corcoesto Local CommunityWEDW has also contacted: Local Social-Economic Associations Local Press and Journalists Galician University experts Environmental groupsConclusions: Excellent reception from all groups to thecompanies transparency Excellent Reception to the Mining ProjectE 9. Spain Corcoesto Gold Project Municipal Support to the Mining Project Mayors winning campaign included support of Corcoesto Mining Project: Local Municipality will assist and support with advancing the project to construction and production. > 250 new direct jobs estimated for Life-of-Mine (9.9 years) plus 500+ jobs during construction Associated spin-off jobs projected to be 3-4x the number of direct jobs Hundreds of people waited several hours in line to deliver their resumes to work at the Corcoesto Gold Project, which opened an office in Coristanco (March)WE 10. Spain Corcoesto Gold Project Key Project Personnel Country Manager:Llus Boixet, (Senior Geologist) Director Corporate Affairs: Francisco Arechaga Mining Engineers:Fernando Diaz & Francisco Belln Environment Department:Francisco Ruiz Legal Counsel:Julio Cesar Valle Project Geologist:Carmen Sorribas Exploration Geologist:David Rodriguez Senior Logistics assistant:Amancio Lpez Prep. Lab. Manager:Jess Antonio Lpez GIS Department:Pedro Cuervo Local Accountant:Ana Surez 11. Spain Corcoesto Gold Project Management George Salamis President, Chief Executive Officer +20 years experience in the mining business directing exploration, development, and mining operations. Mr. Salamis has held senior management positions with Placer Dome and Cameco and has completed M&A transactions valued over $1BJohn Thomas Chief Operating Officer Over 40 years in mining industry world wide. Managed similar sized open pit gold projects including; Bolivar GoldFields and Bolivar Gold Corp. projectsLlus BoixetGreg Smith Vice President Exploration Over 25 years in exploration and development of gold projects in all stages of development. Previously involved develop and production assetsFrancisco Arechaga Director of Corporate Affairs Mining Engineering with over 30 years in the Galician Mining Industry. Previously Mr. Arechaga held the position of Chief Director of the Mina de Puentes, the largest open pit mine in GaliciaFernando Daz RiopaCountry Manager Over 25 years in exploration and development of gold and base metal projects in the Iberian PeninsulaCorcoesto operation manager Over 20 years in development, operation and closure of gold and base metal projects in Spain, Africa and Central AmericaJulio Cesar ValleFrancisco RuizLawyer, (Counsel) Over 20 years experience in mining Galicia and SpainSenior Environmental Manager Over 15 years experience in gold projects & operations in NW Spain. 12. Spain Corcoesto Gold Project Project History Shallow pits from the Roman Times. Between 1895 and 1910: Shallow UG exploitation by the British company Sagasta Gold Mines Ltd. Several Companies did exploration between 1918 and 1987. 1997-2004 (RNGM): Soil Geochemistry, 18,000m of Trenching and 19,250m of Drilling. Feas. Study for Heap Leach Operation. 2005-2010 (KNB): Soil Geochemistry, Mag Survey, 1,100m of Trenching and 8,710m of drilling. Oct, 2010 Feb, 2013 (EDW): Step-out and in-fill drilling 52,940m Feasibility Study and remaining mine permitting in progress. 13. Spain Corcoesto Gold Project Au (ppb)As (ppm)0 - 228.8 228.8 - 378 378 - 609.45 609.45 - 1,021.4 1,021.4 - 1,316.9 1,316.9 - 2,659.69 2,659.69 - 5,3600 - 643.6 643.6 - 851 851 - 1,190 1,190 - 1,627.6 1,627.6 - 2,276.9 2,276.9 - 3,724.19 3,724.19 - 4,090Soil Geochemistry (Au and As) KNB Detailed Survey (Au + 35 elements). Lines spacing at 75m and samples at 25m. Au and As anomalies oriented N70E, cross cutting regional geology (N30E). 14. Spain Corcoesto Gold Project Property GeologyLocal Geology Corcoesto Map, Showing lithologies and gold vein systems: Principal zones: Cova Crea, Pozo del Ingles, Petn de Lobo Office Additional structures:Lithology Leucocratic gneissMontefurado, Fonterremula, Picotos and Lampreira.Schists Alternating gneiss/ metasediments/migmatites Felsitic dyke Gold vein sytems Inferred contact 15. Spain Corcoesto Gold ProjectGEOLOGY AND RESOURCES 16. Spain Corcoesto Gold Project Main Gold Deposits in the Iberian Peninsula Corcoesto 1.5 M OzSalave 2 M Oz El Valle-Boins-Carls 3 M Oz Las Mdulas Corcoesto GoldDeposit is 100% owned by Edgewater Exploration Ltd., since 2010.Jales/Gralheira 1.2 M Oz Penedono Castromil Location: Galicia, NW Spain.MontemorFilon Sur Cerro Colorado 3 M Oz Rodalquilar Major Gold Deposits 17. Spain Corcoesto Gold Project Geological map Salave El Valle-Boins-Carls1CorcoestoIberian Hercynian Massif 1. Cantabrian ZoneLas Mdulas24Jales/Gralheira2. West-Asturian-Leonese Zone 3. Central Iberian ZonePenedono3Castromil4. Galician-Tras-Os-Montes Zone 5. Ossa Morena Zone 6. South-Portuguese ZoneMontemor5 Filon Sur6Major Gold DepositsCerro Colorado Rodalquilar 18. Spain Corcoesto Gold Project Regional Geology MalpicaTuy Gold Belt (Over 150 Km long structural zone with numerous gold occurrences)Cabo Ortegal ComplexCorcoesto Malpica-Tuy Belt ordenes ComplexGTMZALLOCTHONOUS COMPLEXES SCHISTOSE DOMAIN OF GALICIA - TRAS - OS - MONTES (SDGTM) (Malpica-Tuy Gold Belt) CENTRAL IBERIAN ZONE (CIZ) WEST ASTURIAN - LEONESE ZONE (WALZ)Bragana ComplexTHRUST FAULT GOLD OCCURRENCESMorais Complex 19. Spain Corcoesto Gold Project Property GeologyIntroduction Gold Mineralization associated with Quartz veins, silicification and disseminated Apy. Related to N70E Extensional Zones (Second Order Shear)into N30E Dextral Shear Zone (First Order Shear). 20. Spain Corcoesto Gold Project LithologiesProperty GeologyBiotitic GneissMetasedimentsLeucocratic Gneiss. Coarse grainedLeucocratic Gneiss. Fine grainedMigmatites Felsitic Dyke 21. Spain Corcoesto Gold Project MineralizationProperty Geology Gold mineralization consists mainly of Arsenopyrite-bearing Quartz Veinsincluded in larger zones of silicification, commonly with sericitic and potassic alteration. Three different styles of mineralization: 1.- Sheeted Quartz Veins 2.- Descrete Quartz Veins 3.- Silicified Breccia 22. Spain Corcoesto Gold Project Mineralization StylesProperty Geology1.- Sheeted Quartz Veins (N70W/70NE): Tightly spaced mm-cm Q veins,with weak Apy dissemination (1% As). High grade in narrow zones, up to 148.50g Au/t over 1.10m (ddh 10W10) Normally, high grade veins are included in lower grade zones of weak silicification with small veins. There may be large zones including few sets of High grade Q veins up to 10.72g Au/t over 17.0m (ddh 10W10) Hosted mainly in biotitic gneiss and migmatites (Pozo del Ingles and Cova Crea West