September 2012

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Cautionary Statement

Statements contained in this presentation which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such factors include among others: volatility and sensitivity to market prices for gold, silver and copper, competition, the impact of changes in foreign currency exchange rates, environmental risks, political risk, changes in government regulations and policies including trade laws and policies, demand for gold, silver and copper, replacement of production, receipt of permits and approvals from government authorities as well as other operating and development risks. Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its current and proposed subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Forward‐looking statements contained herein are made as of the date of this Presentation and the Company disclaims any obligation to update any forward‐looking statements, whether as a result of new information, future events or results or otherwise. Accordingly, readers should not place undue reliance on forward‐looking statements due to the inherent uncertainty therein. In addition, investors are cautioned that this presentation may contain information about mineral properties adjacent to or near the Company’s properties and in which the Company has no right or interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral deposits, if any, which may be found on the Company’s properties. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Company Overview

• Focused on precious metal exploration in North America. Specific emphasis in British Columbia and Nevada

• First rate, experienced geological team with the expertise to develop modern bulk tonnage – low grade open pit deposits

• Focused on developing properties to their optimum potential in order to maximize shareholder value

• Grassroots to advanced stage resource bearing project mix to mitigate risk profile for investors

• Significant Frasergold historical resource with huge upside potential

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Summary

• Newly invigorated Company

• Planning 2013 exploration at Frasergold (drilling permits granted)

• Option Agreement for Frasergold re-negotiated – no expenditure required until 2013

• Drilling permits issued for Nevada properties

• Mustang Second Phase

• Morningstar

• Joint Venture for Rand Properties signed with Goldfields

• Continually reviewing new asset opportunities

British Columbia

• Frasergold Property

• Rand Properties

Nevada

• Mustang

• Morningstar

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Financing Plan

• 68% of funds into exploration and project development

• $0.05 hard $ / $0.06 flow through plus ½ warrant on hard $ at $0.10

• 7% commission / 7% non-assignable warrants (exercisable at $0.15)

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November 2012 to August2013

Frasergold $800,000

Working Capital $400,000

Nevada Properties 50,000

Total $1,250,000

Corporate Information

TSX-V Listing TLR

Shares Outstanding 55,909,061

Options 2,465,000

Warrants 3,265,000

Fully Diluted 61,639,061

Resinco 29.90%

Officers & Directors 5.63%

As at September 21, 2012

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Board and Management

Directors

John Icke, Executive ChairmanPresident & CEO TSX: RIN, Chairman TSX-V: TNO, CUE, Board Member TSX-V: WOF, LGM

Michael Hitch, P.Geo, P. Eng.

Michael Sweatman, CA Board Member TSX: MGA, TSX-V: LGM, MGP, BBI, BWN, FYI, NEI

Hein Poulus, QCChairman TSX: RIN, TSX-V: FVR, Board Member TSX-V: TVC, TNO

Officers

John Icke, Interim President & CEO

Michael Hitch, Vice President Exploration

David McAdam, CFO

Christina Boddy, Corporate Secretary

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Technical Team

Dr. Michael Hitch, P.Geo, P.Eng – Director and VP Exploration

Dr. Hitch is a PhD-level geologist and mining engineer. He has spent the past 25 years in the global mining industry in capacities including exploration, investment banking, academia and research, and senior management of both large multinational and small junior mining companies. Michael’s particular expertise is surface mining development, operations and bulk materials movement, with mines in localities such as Indonesia, China, Southern Africa, Peru and Canada. Dr. Hitch is a Qualified Person as that term is defined under NI 43-101.

Kristian Whitehead – Senior Geologist Frasergold

Having led Hawthorne Gold Corp’s exploration program at Frasergold in 2008, Kristian is uniquely qualified to lead the development of the Frasergold deposit to it’s next stage. In addition to Hawthorne, he has worked for Stratagold, Hi Ho Silver Resources, Copper Creek Gold Corp and Fire River Gold. Additionally he is a director of Chai Cha Na Mining (CNQ: CNN) and Eureka Resources (TSX-V: EUK).

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Technical Team continued

Elizabeth Zbinden, Ph. D– Project Geologist Nevada

A former officer of the Geological Society of Nevada, Elizabeth has been exploring and developing gold deposits in Nevada for 20 years. She has prior work experience with Placer Dome, Centerra Gold and Novagold amongst others.

Warner Gruenwald - Consulting Geologist

Warner has 35 years exploration experience ranging from the management of grassroots to advanced stage exploration programs. He has operated as an independent consultant since 1985 and is the president of Geoquest Consulting Ltd. He is a Qualified Person (QP) as defined by National Instrument 43-101.

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Advisory Board

David Shaddrick, CPG, AIPG – Advisory board memberFounding and current President of the Nevada Mineral Exploration Council and Past President of Geological Society of Nevada. Dave has been exploring and discovering deposits in Nevada for over 30 years. He has held senior executive positions at Homestake Mining, Atlas Precious Metals and most recently Golden Odyssey in addition to having served as a board member of multiple juniors.

John Kerr, P.Eng – Advisory board member.In a career spanning 50 years John has participated in the discovery of Gold and Silver deposits in Nevada, British Columbia and Newfoundland. Having participated in the founding of multiple juniors, in addition to his role at Teslin John sits on the boards of Quaterra (TSX-V: QTA) and Bravada Gold Corp (TSX-V: BVA).

Glen Macdonald, P. Geo – Advisory board memberGlen has extensive board experience with junior exploration companies having been a founding director of several of these companies since the mid 1980’s. He is a self-employed consulting professional geologist, a member of the Alberta Professional Engineers Geologists and Geophysicists Association since 1982, and a member of the British Columbia Association of Professional Engineers and Geoscientists since 1993.

Brian Cramm – Advisory board memberBrian has extensive experience with junior and mid-tier resource companies. He has been employed as VP Business Development for Echo Bay Mines Limited as well as senior/executive management roles both public and private resource companies, including General Minerals, Crystallex, North Star Exploration and Dakota Mining. Brian serves on the Board of Directors for a TSX listed company.

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Frasergold

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Frasergold Project Location

Frasergold

Deposit

Quesnel

Trough

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Cariboo Gold

District

Frasergold

• 611,000 Measured and Indicated ounces Au and 1,225,000 Inferred ounces Au1

• Historical resource completed by Hawthorne Gold in November, 20092

• Located in Central British Columbia 100 km east of Williams Lake

• Excellent access from logging road infrastructure

• 50,000m of historical drilling: 450 drill holes including 300m underground tunnel

• Geochemistry delineates 12km of strike length. Drilling indicates mineralization located in 6km and historical resource located in 3km of strike length

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Frasergold Regional Geology

• Property straddles the boundary between two major belts of the Canadian Cordillera:

• Omineca Tectonic belt to the east

• Intermontane Belt to the west

• Eureka Thrust is tectonic boundary between the belts

• Three regional tectonostratigraphic terranes: Kootenay, Slide Mountain and Quesnellia terranes

• Slide Mountain and Quesnellia terranes of Intermontane Belt have accreted eastward onto Kootenay terrane of the Omineca Belt

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Frasergold Mineralization

• Quesnellia Terrane composed of metavolcanic and phyllite rocks of Permian to Jurassic age

• Numerous Cu and Au deposits occur in this rock package

• Mt Polley ~80km northwest of Frasergold

• Stratabound deposit in Triassic sedimentary sequence

• Orogenic lode-gold deposit

• Gold tends to occur in quartz veins with coarse particulate gold occurring in segregations of stringers, veins, boudins and mullions

• Pervasive low grade gold mineralization is also found with the knotted phyllite

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Historical Resource

Zone ClassTonnes > Cut-off *

(tonnes)Au (g/t) Au (grams) Au (ounces)

Main Measured 11,470,000 0.595 6,800,000 219,000

Main Indicated 22,610,000 0.540 12,200,000 392,000

Main M+I 34,080,000 0.559 19,100,000 611,000

Main Inferred 26,530,000 0.473 12,500,000 402,000

NW Inferred 45,790,000 0.538 24,600,000 791,000

SE Inferred 2,990,000 0.343 1,000,000 32,000

Total Inferred 75,310,000 0.507 38,100,000 1,225,000

*0.3g/t from “Report on the 2007 and 2008 Drill Programs on the Frasergold Project“ by Giroux and Campbell prepared for Hawthorne Gold Corp in November 2009

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Fall 2011 Soil Sampling

Developed to assist in planning of 2012 exploration program.

Selected due to potential for high grade mineralization

Limited prior drilling in all 3 areas

Potential for substantial value creation

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Northwest Extension Soil Grid

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Resource Expansion Opportunities

Eureka Bowl Copper Porphyry Target

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Visible Gold

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FG08-354C

FROM (m) TO (m) Width g/t

FA SFA

7.92 12.30 4.38 61.195 63.047

45.15 56.69 11.54 0.437 0.480

73.50 76.50 3.00 0.476 0.486

95.76 115.00 19.24 1.008 1.005

Frasergold Potential

• Historical resource calculated on only 3km of 12km strike length.

• Drilling confirms mineralization in 6km of strike length

• Only Main Zone thoroughly drilled

• Significant opportunity for higher grade and increased mineralization

• Areas of significant geochemistry undrilled

• Undrilled gold & copper anomalies

• Frasergold Zone and Grouse Creek West Zone minimally drilled

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Rand Properties

• Located in Cariboo region of Central British Columbia

• Contiguous with Fjordland Exploration's Woodjam North & South properties which Gold Fields is drilling under an option agreement with Fjordland and Cariboo Rose Resources

• The area is considered prospective for a large copper-gold porphyry body

• Gold Fields has entered into a JV agreement to earn up to an 80% ownership

• 1,200m drilling program in January 2011 by Gold Fields

• Gold Fields can earn up to 51% through spending $1.0 million in exploration in next 2 years

• Drilling (5 holes) currently underway

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Nevada Properties

• Mustang and Morningstar located in Walker Lane

• Walker Lane has produced 8 million (plus) ounces gold and 230 million (plus) ounces of silver from 7 major mining camps

• Epithermal gold and silver deposits hosted in Tertiary volcanic and Mesozoic sedimentary rocks

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Mustang Property

• 72 claims with 100% rights held by Teslin

• Claims in close proximity to previous production

• 12.5 km southwest of Paradise Peak Mine • 1.5M+ oz Au & 40M oz Ag• 3.2 km from Pactolus and Warrior mines

• Geology & Geochemistry similar to Paradise Peak

• 8 holes drilled in Spring 2011

• Successful drilling in Spring 2011 resulted in:

• 7.6m of 2.56g/t Au within 12m of 1.71g/t Au in M11-06• 4.6 m of 1.6g/t Au within 9m of 0.87g/t Au in M11-05

• 8 hole (1,500m) reverse circulation drilling program ($200,000) in permitted from Spring 2011 results.

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Morningstar Property

• 97 claims with 100% mineral rights leased from Dawes, LLC subject to 3% Net Smelter Royalty

• Similarities to 700k+ ounce Au Santa Fe deposit

• Previous drilling during 2007 encountered anomalous gold mineralization

• 25 miles of Induced Polarization (IP) surveys completed in 2008

• IP results have identified two distinct new drilling targets

• 1,500m reverse circulation drilling program being planned ($250,000)

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2012 Frasergold Exploration Plan

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• Earn-In Agreement renegotiated. Zero exploration expenditure required in 2012

• $1.5 million in exploration spending (2013)

• 5,000 meters of drilling

• Eureka Bowl porphyry

• Kusk targets from 2011 soil sampling

• Grousse Creek and Northwest and Southeast extension to the Main zone

• Soil sampling and mapping

• Remodelling of resource

Investment Summary

• Exploration & development projects in stable mining friendly jurisdictions

• Excellent potential at signature Frasergold property

• Ongoing negotiations to expand portfolio

• Proven exploration team led by Michael Hitch with 25+ years British Columbia and Nevada experience. Significant continuity on field geology at Frasergold provided by Kristian Whitehead.

• Steady/consistent news flow expected over the next 12 months from initial work programs and planned drill programs

• Strong management/board with balance of technical, financial, legal and operational skills

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Contact

Teslin River Resources Corp.

1430 – 800 West Pender Street

Vancouver, BC

V6C 2V6

(604) 684-8288

(604) 608-2990 – Fax

info@teslin-river.com

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Notes

1219,000 measured ounces Au and 392,000 indicated ounces Au and 1,225,000 ounces Au inferred at 0.30g/t cut-off

2A qualified person has not completed sufficient work in order to classify historical resource estimates on the Frasergold property as current mineral resources or reserves and the Company is not treating these historical estimates as current mineral resources or reserves but as historical estimates for information purposes only that should not be relied upon

Dr. Michael Hitch P. Geo, P. Eng. is a Qualified Person pursuant to NI 43-101 and has approved the contents of this presentation

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