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Ready, Set, Go….. Toronto Marketing October 9, 2013 TSX: AUQ / NYSE: AUQ www.auricogold.com

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Page 1: Toronto Marketing

Ready, Set, Go…..

Toronto Marketing October 9, 2013

TSX: AUQ / NYSE: AUQ

www.auricogold.com

Page 2: Toronto Marketing

FORWARD LOOKING STATEMENTS

This presentation contains forward-looking statements and forward-looking information as defined under Canadian and U.S. securities laws. All statements, other than statements of historical fact, are forward-looking statements. The words "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast", "budget" and similar expressions identify forward-looking statements. Forward-looking statements include information as to strategy, plans or future financial or operating performance, such as the Company’s expansion plans, project timelines, production plans, projected cash flows or capital expenditures, cost estimates, projected exploration results, reserve and resource estimates and other statements that express management’s expectations or estimates of future performance.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include: uncertainty of production and cost estimates; fluctuations in the price of gold and foreign exchange rates; the uncertainty of replacing depleted reserves; the risk that the Young-Davidson and El Chanate mine may not perform as planned; the risk that projects will not be developed accordingly to established budgets or timelines, changes in laws or regulations in Canada, Mexico and other jurisdictions in which the Company may carry on business; risks of obtaining necessary licenses, permits, authorizations or approvals for operations or projects such as Kemess; contests over title to properties; the speculative nature of mineral exploration and development; risks related to aboriginal title claims; compliance risks with respect to current and future environmental regulations; disruptions affecting operations; opportunities that may be pursued by the Company; employee relations; availability and costs of mining inputs and labor; the ability to secure capital to execute business plans; volatility of the Company’s share price; any decision to declare dividends; the implementation and continued availability of the dividend reinvestment plan; the effect of future financings; litigation; risk of loss due to sabotage and civil disturbances; the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; risks arising from the absence of hedging; adequacy of internal control over financial reporting; changes in our credit rating; and the impact of inflation.

Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained herein. Such statements are based on a number of assumptions which may prove to be incorrect, including assumptions about: business and economic conditions; commodity prices and the price of key inputs such as labour, fuel and electricity; credit market conditions and conditions in financial markets generally; revenue and cash flow estimates, production levels, development schedules and the associated costs; our ability to procure equipment and supplies in sufficient quantities and on a timely basis; the timing of the receipt of permits and other approvals for our projects and operations; our ability to attract and retain skilled employees and contractors for our operations; the accuracy of our reserve and resource estimates; the impact of changes in currency exchange rates on our costs and results; interest rates; taxation; and our ongoing relations with our employees and business partners.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources

This presentation uses the terms "measured," "indicated" and "inferred” resources. We advise investors that while those terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred” resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

2

Page 3: Toronto Marketing

Positioned For Value Creation

3 3

► Politically-friendly jurisdiction

► Two core high-quality mining assets

► Organic year over year production growth

► Lower end of industry cost curve

► Long mine life

► Strong balance sheet

► Pure gold leverage

► Strong FCF generation (limited CAPEX)

► Capital return to shareholders (regular dividends)

Page 4: Toronto Marketing

Quality North American Asset Base

Stawell Fosterville El Cubo

$1,319

$1,895

2011 gold price range

El Chanate Young-Davidson Ocampo

Monetized high-cost, non-core assets for proceeds of $1 Billion (2012)(1)

Streamlined Asset Base on the Lower End of the Industry Cost Curve

Source: 2011 Brook Hunt Data

Cas

h co

st c

urve

(US$

/oz)

Percentile of total gold production

Current Assets Divested Assets

4 (1) Refer to endnote #1.

Page 5: Toronto Marketing

Robust Financial Position

Cash & Eq. $210M

Undrawn debt facility

$150M

5 Fully Funded, Shareholder Return Focused Business Model

$360M in Liquidity (as of June 30, 2013)

Share Buyback $300M

Dividends $19M

$319M Returned to Shareholders (as of July 31, 2013)

Page 6: Toronto Marketing

Disciplined Growth Drives Shareholder Value

6

10,000

20,000

30,000

40,000

50,000

60,000

Q3 12 Q4 12 Q1 13 Q2 13 Q3 13E Q4 13E

Gol

d O

unce

s Pr

oduc

ed

Solid Production Growth(6)

Young-Davidson El Chanate

► Solid production growth quarter over quarter

► Fully funded production growth profile

► Significantly reduced capital investment requirements

► Production growth to drive increased margins and significant cash flow generation (6) Refer to endnote #6.

Page 7: Toronto Marketing

Young-Davidson Gold Mine

Stable and Growing Production Profile(6)

7

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Q3 12 Q4 12 Q1 13 Q2 13 Q3 13E Q4 13E

Gol

d O

unce

s Pr

oduc

ed

(6) Refer to endnote #6.

Page 8: Toronto Marketing

Shaft sinking to 890 meters Completed

Vertical access to 8 years of production Completed

Headframe & hoist construction Completed

Ore and waste pass system Completed

Mid-shaft loading pocket Completed

Hoist & guide cabling In-progress

Commercial production October 2013

Young-Davidson Underground

Unlocking the potential of Young-Davidson U/G

8

► Key infrastructure in place for ramp-up to peak U/G production

► Shaft and hoisting system will support:

► Increased underground development;

► Significant productivity improvements;

► Significant cost efficiencies

Page 9: Toronto Marketing

Open Pit

NG Shaft

MCM Shaft

9890L

9590L

9400L

9200L

8900L

Young-Davidson Mine

► Low-cost producer & strong year-over-year, production growth profile

► Long mine life: Opportunity for further expansion as reserves increase

► Highly productive, wide zones ► Avg. 20m widths

► Exploration focus on YD West Zone; orebody open at depth

Mid-Shaft Loading Pocket

2012A 2013E(4)

Production (gold ounces)(6) 56,138 120,000-140,000

Cash Costs (per gold ounce)(2)(3) $708 $575-$675

All-in Sustaining Cash Costs (per gold ounce)(2)(13) - $1,250-$1,350

P&P Reserves (oz.)(5) 3.8 million

M&I Resources (oz.)(5) 0.9 million

Inferred Resources (oz.)(5) 1.3 million

(2) Refer to endnote #2. (5) Refer to endnote #5. (3) Refer to endnote #3. (6) Refer to endnote #6. (4) Refer to endnote #4. (13) Refer to endnote #13.

9

MCM shaft operational

April/13

Page 10: Toronto Marketing

Young-Davidson Productivity

10

-

1,098 1,130

1,611

Q3 12 Q4 12 Q1 13 Q2 13

Underground Mine Productivity (tpd)

5,866 5,964 6,466

7,017

Q3 12 Q4 12 Q1 13 Q2 13

Mill Productivity (tpd)

YD ramping-up to be one of largest gold mines in the Abitibi

Det

our L

ake

Youn

g-D

avid

son

Mal

artic

New

Afto

n

Cas

a B

erar

di

Mac

assa

Bla

ck F

ox

Tim

/Bel

l Ck

Seab

ee

NAV $3,302

NAV $1,084 NAV

$2,488

NAV $1,582

NAV $440 NAV

$249 NAV $289 NAV

$282 NAV $132

0

5

10

15

20

25

Min

e Li

fe (y

ears

)

Canadian Operating Mines (Mine Life vs. NAV (000‘s))

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2012A 2013E 2014E 2015E 2016E 2017E

Tonn

es p

er d

ay

Underground Mine Ramp-up (tpd) (Annual Exit Rate)

Page 11: Toronto Marketing

El Chanate Gold Mine

► Mine life of 7 years (10 years for heap leach)

► High exploration potential for expansion of existing resources

► Northwest extension targets

► Southeast extension targets

Consistent, Stable Production

2012A 2013E(4)

Production (gold ounces)(6) 71,145 70,000-80,000

Cash Costs (per gold ounce)(2)(3) $434 $550-$600

All-in Sustaining Cash Costs (per gold ounce)(2)(13) - $900-$1,000

P&P Reserves (oz.)(5) 1.2 million

(2) Refer to endnote #2. (4) Refer to endnote #4. (6) Refer to endnote #6. (3) Refer to endnote #3. (5) Refer to endnote #5. (13) Refer to endnote #13. 11

10,000

12,500

15,000

17,500

20,000

Q4 12 Q1 13 Q2 13 Q3 13E Q4 13E

Gol

d O

unce

s Pr

oduc

ed

Page 12: Toronto Marketing

New High Grade Mineralization

Hole 741 (view looking south)

12

In-Pit Drilling(5) Hole ID Length (m) Grade Au g/t

CHCI-775 54.0 2.56 CHCI-776 48.0 2.90 CHCI-799 6.0 7.60 CHCI-836 24.0 2.70

NW Extension(5) Hole ID Length (m) Grade Au g/t

CHCI-769 37.5 0.94 CHCI-800 28.5 0.67

Rono(5) Hole ID Length (m) Grade Au g/t

CHCI-760 18.0 0.88 CHCI-761 42.0 0.50 CHCI-766 51.0 0.33

CHCI-821 7.5 0.74

19.5 0.93

Loma Prieta(5) Hole ID Length (m) Grade Au g/t

CHCI-815 19.5 0.78 CHCI-817 9.0 1.37 CHCI-818 9.0 0.58 CHCI-829 6.0 1.18 (5) Refer to endnote #5.

Page 13: Toronto Marketing

Kemess Underground

► Brownfields site with surface infrastructure (incl. mill, power and old pit for tailings storage)

► Gold Eq. reserves: 2.6M ounces(5)

► Underground block cave mine producing 560M lbs Cu and 1.3M oz Au LOM

► Feasibility study (Mar. ‘13) base case at $1,300 Au, $3 Cu and Fx of C$1:US$1

► $450M initial capex, $14.56/t unit costs

► Cash costs of $213/oz Au net of Cu credits

► Ongoing optimization work shows potential for >$225M NAV and 12.5% IRR

► Permitting in progress and IMA signed with First Nations

► Significant leverage to higher metal prices (5) Refer to endnote #5. 13

Existing infrastructure: Mill facilities and previously permitted tailings storage

Copper/gold porphyry deposit located in British Columbia, Canada Value Surfacing Opportunity

0

10

20

30

40

50

60

70

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

1 2 3 4 5 6 7 8 9 10 11 12 13 14

Cop

per P

rodu

ctio

n (m

illio

ns o

f pou

nds)

Gol

d Pr

oduc

tion

(oun

ces)

Kemess Underground Production Profile(5)

Gold (ounces) Copper (as Au equivalent ounces) Copper (millions of lbs)

Page 14: Toronto Marketing

Production and Cash Flow Growth

Growing production profile(4)(8)

2012A 2013E 2014E 2015E

Decreasing capital expenditures and growing free cash flow stream(9)

(4) Refer to endnote #4. (9) Refer to endnote #9. (8) Refer to endnote #8. 14

2012A 2013E 2014E 2015E

US$

(m

illio

ns)

Capex FCF $1,600 AuFCF $1,500 Au FCF $1,400 AuFCF $1,200 Au FCF $1,300 Au

Page 15: Toronto Marketing

Sustainable Dividend Policy

15

► Peer-leading, sustainable dividend

► 20% of OCF beginning in 2014

► Encourages financial discipline

► Linked to changes in business profitability

► Includes a Dividend Reinvestment Plan (“DRIP”)

Illustrative Yield per Street Consensus Operating Cash Flow per Share(7)(10)

3.8%

1.9%

2.8% 3.1%

2013E 2014E 2015E 2016E

Payout ratio: 20% OCF Initial dividend of $0.16/per share

(7) Refer to endnote #7. (10) Refer to endnote #10.

Page 16: Toronto Marketing

0.2

0.5

0.8

1.0

1.2

2011A 2012A 2013E 2014E 2015E

Gold Production per 1,000 Shares (oz.)(4)(10)(11)(12)

Accretive Growth Per Share

(4) Refer to endnote #4. (9) Refer to endnote #9. (11) Refer to endnote #11. (5) Refer to endnote #5. (10) Refer to endnote #10. (12) Refer to endnote #12.

8.8

15.5 18.2

24.1

27.7

Apr. 2011 Oct. 2011 YE 2011 YE 2012 Current

2P Reserves per 1,000 Shares (oz.)(5)(10)(11)

16

$0.14

$0.35

$0.51

$0.64

2012A 2013E 2014E 2015E

Operating Cash Flow per Share(10)(12)

($1.31)

($0.35)

$0.01

$0.32

2012A 2013E 2014E 2015E

Free Cash Flow per Share(4)(9)(10)

Page 17: Toronto Marketing

Positioned For Value Creation

17 17

► Politically-friendly jurisdiction

► Two core high-quality mining assets

► Organic year over year production growth

► Lower end of industry cost curve

► Long mine life

► Strong balance sheet

► Pure gold leverage

► Strong FCF generation (limited CAPEX)

► Capital return to shareholders (regular dividends)

Page 18: Toronto Marketing

Appendix

Page 19: Toronto Marketing

Endnotes

1. The Company announced proceeds on sale of over $1 billion dollars during 2012, which is comprised of $55 million cash on the sale of Fosterville and Stawell to Crocodile Gold Corporation, $100 million cash and $100 million in common shares on the sale of the El Cubo mine and Guadalupe y Calvo project to Endeavour Silver Corporation, and $750 million in cash on the sale of the Ocampo mine and a 50% interest in the Orion advanced development project to Minera Frisco.

2. Cash Costs per Gold Ounce and All-In Sustaining Cash Costs Per Gold Ounce are Non-GAAP measures that do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS” or “GAAP”), and that should not be considered in isolation from or as a substitute for performance measures prepared in accordance with GAAP. See the Non-GAAP Measures section on page 30 of the Management's Discussion and Analysis for the year ended December 31, 2012 available on the Company website at www.auricogold.com.

3. Cash costs for the Young-Davidson and El Chanate mines are calculated on a per gold ounce basis, using by-product revenues as a cost credit. Gold ounces include ounces sold at the El Chanate mine and ounces produced at the Young-Davidson mine. Prior to commissioning the underground mine at Young-Davidson, cash costs are calculated on ounces produced from the open pit only. All underground costs are capitalized, and any revenue related to underground ounces sold is credited against capital expenditures.

4. For more information regarding AuRico Gold’s 2013 operational estimates, including production, costs, and capital investments, please refer to the press release dated March 25, 2013 titled AuRico Reports Fourth Quarter and Annual Financial Results available on the Company website at www.auricogold.com.

5. Reserves and resources for Young-Davidson and El Chanate mines, Kemess Underground Project, and Orion represent gold grade as per technical reports and Company disclosure. For more information regarding AuRico Gold’s Mineral Reserves and Resources as at December 31, 2012 and the Kemess Feasibility Study, please refer to the press release dated March 25, 2013 titled AuRico Reports 2012 Reserve & Resource Update and Kemess Feasibility Study Results, available on the Company website at www.auricogold.com. Measured and indicated resources excludes inferred resources. Core lengths in El Chanate drilling highlights are not necessarily true widths.

6. Production figures include gold ounces only. Production at the Young-Davidson mine includes pre-production ounces, which include ounces produced prior to the declaration of commercial production on September 1, 2012, as well as all ounces produced from the underground mine.

7. The illustrative yield assumes the share price as of September 9, 2013. Figures for 2014-2016 operating cash flow apply consensus data for cash costs, production estimates, and capex figures and a $1,300/oz gold price assumption. Consensus data is as of September 3, 2013. For more information regarding AuRico Gold’s dividend policy, please refer to the press release dated February 21, 2013, available on the Company website at www.auricogold.com.

8. Figures for 2012 include continuing operations only. Figures for 2013 are based on mid-point of AuRico’s 2013 operational estimates. Figures for 2014 and 2015 are based on consensus data only. Consensus data is as of September 3, 2013.

9. Figures for 2012 include continuing operations only. Figures for 2013 are based on mid-point of AuRico’s 2013 operational estimates, and consensus data. The calculation of 2014 and 2015 operating cash flow and free cash flow apply consensus data for cash costs, production estimates, and capex figures, and are based on a $1,300/oz gold price assumption unless noted otherwise. Operating cash flow is before changes in working capital. Consensus data is as of September 3, 2013.

10. 2013 to 2015 per share numbers are based on the number of shares outstanding as of January 31, 2013, subsequent to the completion of a $300M Substantial Issuer Bid.

11. Production per 1,000 shares and reserves and resources per 1,000 shares includes the production, and reserves and resources of the Young-Davidson mine, El Chanate mine, Kemess Underground Project and Orion for each period presented.

12. Figures for 2012 include continuing operations only. Figures for 2013-2015 are based on consensus data as of September 3, 2013. Mid-point of 2013 production guidance is applied for 2013 Gold Production per 1,000 Shares.

13. All-in sustaining cash costs are defined as cash costs, sustaining capital, corporate general and administrative expense, reclamation, care and maintenance expense, and exploration expenditures. Prior to commissioning the underground mine at Young-Davidson, all-in sustaining cash costs are calculated on ounces produced from the open pit only. All underground costs are capitalized, and any revenue related to underground ounces sold is credited against capital expenditures.

19

Page 20: Toronto Marketing

Analyst Coverage

Analyst Coverage

1. BMO Nesbitt Burns

2. Canaccord Genuity

3. CIBC

4. Credit Suisse

5. Cowen Securities

6. Desjardins Securities

7. Dundee Securities

8. GMP Securities

9. Mackie Research

10. Macquarie Securities

11. Merrill Lynch

12. National Bank

13. Raymond James

14. RBC Capital Markets

15. Scotia Capital

16. TD Securities

20

Page 21: Toronto Marketing

2013 Operational Estimates(4)

(4) Refer to endnote #4.

2013 Operational Estimates (March 25, 2013) Gold Production (ounces)

Young-Davidson 120,000-140,000 El Chanate 70,000-80,000

Total Production 190,000-220,000 Cash Costs per Ounce

Young-Davidson $575-$675 El Chanate $550-$600

Total Cash Costs per Ounce $565-$645 All-in Sustaining Cash Costs

Young-Davidson $1,250-$1,350 El Chanate $900-$1,000

Total All-in Sustaining Cash Costs per Ounce $1,100-$1,200 Capital Investment Program (US$000’s)

Young-Davidson Non-recurring Growth Capital

Paste Backfill Plant $45,000-$50,000 Shaft and Mid-Shaft Loading and Crushing Facility $25,000-$30,000 Open Pit Mine Development $6,000-$8,000

Sustaining Capital $59,000-$62,000 Total Capital Investment – Young Davidson $135,000-$150,000 El Chanate

Non-recurring Growth Capital Southeast Open Pit Expansion $20,000-$25,000 Heap Leach Expansion $2,000-$3,000

Sustaining Capital $8,000-$12,000 Total Capital Investment – El Chanate $30,000-$40,000 Total Capital Investment $165,000-$190,000 Depletion and Amortization (US$ per ounce)

Young-Davidson $300-$310 El Chanate $245-$255

Total Depletion and Amortization $280-$290 Exploration (US$000’s)

Young-Davidson Up to $3,500 El Chanate Up to $3,500 Other Properties Up to $8,000

Total Exploration Up to $15,000 General and Administrative (US$000’s)

Corporate G&A $25,000 21

Page 22: Toronto Marketing

All-in Sustaining Cash Cost Allocation

Cash Costs

Sustaining

Exploration

Corporate G&A

2013 All-in Sustaining Cash Costs $1,100-$1,200 per ounce

Labour 57%

Power 6%

Diesel 9%

Consumables 19%

Materials/ Mtc 9%

Cost Allocation

(Includes contract labour)

All-in Sustaining Cash Costs

• Provides increased transparency

• More representative of actual cost of production

• Removes influence of accounting treatments

• Can be reconciled to FCF

22

Page 23: Toronto Marketing

North West Extension

23

Page 24: Toronto Marketing

Rono

24

Page 25: Toronto Marketing

Loma Prieta

25

Page 26: Toronto Marketing

Proven and Probable Reserves

Proven Reserves Probable Reserves

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 36,845 0.68 801 19,015 0.66 403

Young-Davidson - Surface 3,934 1.28 162 2,491 1.36 109

Young-Davidson - Underground 4,547 2.97 434 34,490 2.80 3,100

Total Young-Davidson 8,481 2.19 596 36,981 2.70 3,209

Kemess Underground (KUG) - - - 100,373 0.56 1,805

AuRico - Total 45,326 0.96 1,397 156,369 1.08 5,417

Total Proven and Probable Reserves

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 55,859 0.67 1,204

Young-Davidson - Surface 6,425 1.31 271

Young-Davidson - Underground 39,037 2.82 3,534

Total Young-Davidson 45,462 2.60 3,804

Kemess Underground (KUG) 100,373 0.56 1,805

AuRico - Total 201,695 1.05 6,813

26

Page 27: Toronto Marketing

Measured and Indicated Resources

Total Measured and Indicated Resources

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 3,468 0.37 41

Young-Davidson - Surface 291 1.70 16

Young-Davidson - Underground 9,531 2.74 839

Total Young-Davidson 9,821 2.71 855

Kemess Underground (KUG) 65,432 0.41 854

Orion (50%) 554 3.36 65

AuRico - Total 79,274 0.71 1,815

Measured Resources Indicated Resources

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 1,233 0.31 12 2,235 0.40 29

Young-Davidson - Surface 98 1.60 5 193 1.76 11

Young-Davidson - Underground 877 4.17 118 8,654 2.59 722

Total Young-Davidson 975 3.91 123 8,846 2.58 733

Kemess Underground (KUG) - - - 65,432 0.41 854

Orion (50%) - - - 554 3.66 65

AuRico - Total 2,208 1.90 135 77,067 0.68 1,680

27

Page 28: Toronto Marketing

Inferred and Copper Resources

Inferred Resources

Tonnes (000's)

Gold (g/t)

Gold Oz. (000's)

El Chanate 409 0.48 6

Young-Davidson - Surface 31 0.99 1

Young-Davidson - Underground 13,983 2.80 1,259

Total Young-Davidson 14,014 2.80 1,260

Kemess Underground (KUG) 9,969 0.39 125

Orion (50%) 91 3.33 10

AuRico - Total 24,483 1.78 1,400

Copper Reserves & Resources

Kemess Tonnes (000’s)

Copper (%)

Copper lbs. (000’s)

Probable Reserves 100,373 0.28 619,151

Indicated Resources 65,432 0.24 346,546

Inferred Resources 9,969 0.21 46,101

Silver Resources

Orion (50%) Tonnes (000's)

Silver (g/t)

Silver Oz. (000's)

Indicated Resources 554 309 5,503

Inferred Resources 91 95 275 28

Page 29: Toronto Marketing

Notes to Reserves and Resources

Notes:

• Mineral Reserves and Resources have been stated as at December 31, 2012. • Mineral Resources are in addition to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability when calculated using Mineral

Reserve assumptions. Reserves have been reported in accordance with NI 43-101, as required by Canadian securities regulatory authorities. In addition, while the terms “Measured”, “Indicated and “Inferred” Mineral Resources are required pursuant to NI 43-101, the SEC does not recognize such terms. Canadian standards differ significantly from the requirements of the SEC, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the SEC. Investors should understand that “Inferred” Mineral Resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. In addition, investors are cautioned not to assume that any part or all of AuRico’s Mineral Resources constitute or will be converted into Reserves.

• Following the completion of a joint venture agreement, Minera Frisco has a 50% interest in the Orion Project. • Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding. The following metal prices were used for the calculation of Reserves and Resources:

Reserves Resources

USD Au $/oz Ag $/oz Cu $/lb Au $/oz Ag $/oz Cu $/lb

El Chanate $1,400 - - $1,600 - -

Young-Davidson $1,400 - - $1,600 - -

Kemess Underground $1,300 $23.00 $3.00 $13.00 NSR

Orion - - - $850 $13.00 -

Reserves and Resources were prepared under the supervision of the following Qualified Persons:

Resources Reserves

El Chanate Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc. Chris Sharpe, P.Eng, Manager Mining, AuRico Gold Inc.

Young-Davidson - Open Pit Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc. Chris Sharpe, P.Eng, Manager Mining, AuRico Gold Inc.

Young-Davidson - Underground Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc.

Chris Bostwick, FAusIMM, SVP Technical Services, AuRico Gold Inc.

Kemess Underground Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc.

Chris Bostwick, FAusIMM, SVP Technical Services, AuRico Gold Inc.

Orion Jeffrey Volk, CPG, FAusIMM, Director Reserves and Resources, AuRico Gold Inc.

29