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MAX.TSX MDRPF.OTCQX GOLDEN EN M MEADO EADOWS PR PROJEC ECT, I IDAHO DAHO US USA Gold, rediscovered. September 2014 www.midasgoldcorp.com Forward Looking Statements Statements contained in this presentation that are not historical


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SLIDE 1

GOLDEN EN M MEADO EADOWS PR PROJEC ECT, I IDAHO DAHO US USA

Gold, rediscovered.

www.midasgoldcorp.com

MAX.TSX MDRPF.OTCQX

September 2014

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SLIDE 2

2 September 2014 Gold, rediscovered.

Forward Looking Statements

Statements contained in this presentation that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses

  • f action; the timing and costs of future exploration activities on the Corporation‘s properties; success of exploration activities; permitting time lines and requirements, requirements

for additional capital, requirements for additional water rights and the potential effect of proposed notices of environmental conditions relating to mineral claims; planned exploration and development of properties and the results thereof; planned expenditures and budgets and the execution thereof. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “potential” or “does not anticipate”, “believes”, “conceptual”, “base” case”, 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”. Statements concerning mineral resource estimates may also be deemed to constitute forward- looking statements to the extent that they involve estimates of the mineralization that may be encountered if the Golden Meadows Project is developed. In making the forward- looking statements in this news release, the Corporation has applied several material assumptions, including, but not limited to, certain assumptions as to production rate, operating cost, recovery and metal costs as set out in this presentation, that any additional financing needed will be available on reasonable terms; the exchange rates for the U.S. and Canadian currencies in 2014 will be consistent with the Corporation‘s expectations; that the current exploration and other objectives concerning the Golden Meadows Project can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for gold will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned exploration on the Golden Meadows Project will be obtained in a timely manner and on acceptable terms; the continuity of the price of gold and other metals, economic and political conditions and operations. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in exploration programs based upon results of exploration; changes in estimated mineral reserves or mineral resources; future prices of metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; environmental risks, including environmental matters under U.S. federal and Idaho rules and regulations; impact of environmental remediation requirements and the terms

  • f existing and potential consent decrees on the Corporation‘s planned exploration on the Golden Meadows Project; certainty of mineral title; community relations; delays in
  • btaining governmental approvals or financing; fluctuations in mineral prices; the Corporation‘s dependence on one mineral project; the nature of mineral exploration and mining

and the uncertain commercial viability of certain mineral deposits; the Corporation‘s lack of operating revenues; governmental regulations and the ability to obtain necessary licences and permits; risks related to mineral properties being subject to prior unregistered agreements, transfers or claims and other defects in title; currency fluctuations; changes in environmental laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may increase costs of doing business and restrict

  • perations; risks related to dependence on key personnel; and estimates used in financial statements proving to be incorrect; as well as those factors discussed in the Corporation's

public disclosure record. Although the Corporation has attempted to identify important factors that could affect the Corporation and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or

  • intended. There can be no assurance that Forward-Looking Information 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 Information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this presentation to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Cautionary Note

The presentation has been prepared by Midas Gold management and does not represent a recommendation to buy or sell these securities. Investors should always consult their investment advisors prior to making any investment decisions.

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SLIDE 3

MIN MINING IN IN ID IDAHO

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SLIDE 4

4 September 2014 Gold, rediscovered.

Idaho: A Mining Friendly State

Maplecroft identifies and monitors the key issues affecting the investment climates of 197 countries. The Atlas analyses yearly trends relating to dynamic risks, which reflect change over a short period of time, including governance, political violence, the macroeconomic environment, and included this year for the first time, resource nationalism. It also includes structural risks which reflect change over a longer timeframe, including economic diversification, resource security, infrastructure quality, the resilience of society to challenges, and the risk of complicity in human rights violations committed by regimes and business partners.

Golden Meadows Project

Midas Gold Au-Sb Thompson Creek Mine Thompson Creek Mining Mo Phosphate District Agrium, Monsanto, Simplot, Stonegate Sunshine Mine Sunshine Silver Mines Ag Lucky Friday Mine Hecla Mining Company Ag-Pb-Zn Idaho Cobalt Project Formation Metals Co-Cu

Coeur d’Alene Cascade

BOISE

IDAHO

Low jurisdictional risk in a high risk world

McCall

(1) Fraser Institute Survey

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SLIDE 5

5 September 2014 Gold, rediscovered.

Stibnite-Yellow Pine Mining District: A rich history of mining

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SLIDE 6

6 September 2014 Gold, rediscovered.

Gold, rediscovered: A timeline

1980s-90s 2009 2011 2012 1920s-50s

450,000oz gold mined as by- product of antimony sulphide & tungsten milling operations 520,000 oz gold produced from heap leach operations

2014

Updated resource estimate and complete Pre Feasibility Study

2011-13

Data compilation, exploration and 275,000 feet of drilling Midas finalizes land acquisitions and goes public on the TSX. Midas secures first land position in the historic Stibnite-Yellow Pine mining district. Resource estimates and PEA completed by Midas

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SLIDE 7

ABOU BOUT M MIDAS GOLD GOLD

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SLIDE 8

8 September 2014 Gold, rediscovered.

Strong Supporters: Endorsement of major mining companies

  • World’s largest royalty company
  • US$15M Royalty transaction in April 2013

– Canada’s largest diversified mining company

  • C$9.8M Equity placement in July 2013
  • 9.9% ownership in Midas Gold
  • Maintained 9.9% ownership by participating in March 2014 financing

Capital Structure & Major Shareholders

Issued & Outstanding 141,705,090 Options 11,121,667 Finders Options 410,750 Warrants 10,622,519 Fully Diluted 163,860,026

  • Vista Gold
  • Teck Resources
  • Franklin
  • M&G
  • Goodman
  • RBC
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SLIDE 9

9 September 2014 Gold, rediscovered.

Experienced Management: We’ve done it before!

Stephen Quin

President & CEO

Bob Barnes

COO

Darren Morgans

CFO

Anne Labelle

VP Legal & Sustainability

John Meyer

VP Development

Richard Moses

Field Operations Manager

Chris Dail

Exploration Manager

Rocky Chase

Permitting Manager

Rick Richins

Regulatory Consultant

Liz Caridi

IR Manager

Ex-COO Capstone, ex- CEO Sherwood Copper, Miramar Mining Ex-VP Ops Capstone, ex- Pan American, Goldcorp Ex-Terrane, Placer Dome, MIM and PWC Ex-Capstone, Sherwood, Miramar Ex-Livengood, Pebble, Donlin Creek, Bakyrchik Ex-Cominco, Asarco, Kennecott, Piedmont, USFS Ex-Barrick, Hecla, Stibnite district experience Ex-Rainy River and Rubicon Minerals Ex-Coeur, several EIS permitting US mines Ex-Kinross, Aurelian, Barrick, Syncrude

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SLIDE 10

10 September 2014 Gold, rediscovered.

Board of Directors: Proven track record

Peter Nixon

Chairman

Ex-Goepel, director

  • f Dundee Precious

Metals, ex-Miramar

Jerry Korpan

Director

Ex-Yorkton, director

  • f B2 Gold,

ex-Bema Gold

Wayne Hubert

Director

Stephen Quin

Director / CEO

Mike Richings

Director

John Wakeford

Director

Donald Young

Director

Ex-CEO of Andean, ex-VP Meridian Gold Ex-Capstone, Sherwood, Miramar & Northern Orion Chair Vista Gold, ex- Allied Nevada & Lac Minerals Ex-Sabina, Miramar, Hemlo & Battle Mountain Ex-KPMG, Placer Dome, director of Dundee Precious Metals

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SLIDE 11

THE PR HE PROJEC ECT

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SLIDE 12

12 September 2014 Gold, rediscovered.

Highlights: Midas Gold & the Golden Meadows Project

Modest capital intensity

US$240/oz life-of-mine production (1,2)

Low all-in sustaining costs

$US510/oz (cash cost + royalties + sustaining Capex) (1,2)

Significant opportunities

Optimization of PEA economics All deposits open to expansion Multiple exploration prospects

Strong supporters

Franco-Nevada & Teck Resources

Low jurisdictional risk

Idaho, USA – a stable mining jurisdiction

Multi-million oz deposit

12th largest gold deposit in the USA Largest gold deposit outside of NV & AK

Lowest quartile cash costs

US$331/oz for first 8 years, US$425/oz life-of-mine (net of by-products) (1,2)

Brownfields site

Restoration of extensive prior disturbance

Lowest quartile cash costs

US$331/oz for first 8 years, US$425/oz life-of-mine (net of by-products) (1,2)

Strategic by-products

Antimony +/- tungsten with production proven metallurgy

Positive PEA

$1.5 billion NPV at $1,400 gold, 27% IRR (both after tax) at 5% discount rate (1,2)

(1) The economic assessment in the PEA is preliminary in nature and uses inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that this PEA will be realized. The inferred mineral resource used in the economic analysis represents 37% of the total life-tonnes considered. (2) See non-IFRS measures at conclusion

Scale (1)

390,000 oz gold/year for first 8 years 348,000 oz gold/year life-of-mine 4.9 million oz gold produced over 14 year mine-life

Superior grade

1.65g/t gold, plus antimony and silver (1)

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SLIDE 13

13 September 2014 Gold, rediscovered.

Past Producing Brownfields Site: Potential redevelopment, with concurrent reclamation and rehabilitation

Project area has extensive history of mining

  • Brownfields site, heavily disturbed
  • Good access with local infrastructure and

workforce

  • Opportunity for environmental win with

potential site restoration Present day – Yellow Pine pit Present Day – Tailings & Waste Disposal Area 1950s – Mill & Smelter at Hangar Flats

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SLIDE 14

PROJECT CT METRIC RICS

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SLIDE 15

15 September 2014 Gold, rediscovered.

2014 Updated Mineral Resource Estimate

Classification Tonnage (000s) Gold Grade (g/t) Contained Gold (000s oz) Silver Grade (g/t) Contained Silver (000s oz) Antimony Grade (%)(5) Contained Antimony (000s lbs) Indicated 104,506 1.63 5,464 2.65 8,904 0.07 155,169 Inferred 25,168 1.32 1,066 2.15 1,743 0.05 25,908

Consolidated Mineral Resource Statement(1,2,3,4) for the Golden Meadows Project Total(5) Open Pit Oxide + Sulfide Mineral Resources – Base Case Estimate

1) All mineral resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum (“CIM”) definitions, as required under National Instrument 43-101 (“NI43-101”). 2) Mineral resources are reported in relation to a conceptual pit shell in order to demonstrate potential for economic viability, as required under NI43-101; mineralization lying outside of these pit shells is not reported as a mineral resource. Mineral resources are not mineral reserves and do not have demonstrated economic viability – see “Compliance with NI43-101” below. All figures are rounded to reflect the relative accuracy of the estimate and therefore numbers may not appear to add precisely. 3) Open pit sulfide mineral resources are reported at a cut-off grade of 0.75 g/t Au. Cut-off grades are based on a price of US$1,400 per ounce of gold and a number of operating cost and recovery assumptions, plus a contingency (see details below). 4) Open pit oxide mineral resources are reported at a cut-off grade of 0.45 g/t Au. Cut-off grades are based on a price of US$1,400 per ounce of gold and a number of operating cost and recovery assumptions, plus a contingency (see details below). 5) “Total” project mineral resources include those resources from the Yellow Pine, Hangar Flats, West End and Historic Tailings deposits.

Yellow Pine Hangar Flats West End 2012 2014

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SLIDE 16

16 September 2014 Gold, rediscovered.

Preliminary Economic Assessment Highlights (1)

September 2012 (at $1,400 gold)

(1) The economic assessment in the PEA is preliminary in nature and uses inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that this PEA will be realized. The inferred mineral resource used in the economic analysis represents 37% of the total life-tonnes considered. In this presentation, “M” = million, “K” = thousands, all amounts in US$

9.9 6.4 79.3 90.6 Years 1-8 LOM

Antimony (M lbs)

Annual Production LOM Production

33.7% 27.2% IRR

pre-tax after-tax

$2.1bn $1.5bn NPV 5% (US$)

pre-tax after-tax

$331 $425 $1,275

Cash Costs (US$/oz) (2)

Years 1-8 LOM Gold Price

  • 500

1,000 1,500 2,000 Newmont Nevada Cortez Goldstrike Golden Meadows (Years 1-8) Round Mountain Fort Knox Golden Meadows (Life-of-mine) Pogo Cripple Creek Leeville Bingham Canyon Turquoise Ridge

Largest Gold Mines in the USA (000s oz 2012 Production)

3,121 4,922 Total

Gold Production (000s oz)

Years 1-8 LOM (14.2 Years)

$880 $1,182

Capital Costs (US$ millions)

Initial LOM

= $240/oz produced

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SLIDE 17

17 September 2014 Gold, rediscovered. 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 Barrick Newmont Goldcorp Kinross Eldorado IAMGOLD Yamana New Gold

Gold Grade (g/t)

2008 2009 2010 2011 2012 2013

Yellow Pine* Hangar Flats* West End*

* Golden Meadows numbers are mineral resource grades from 2012 PEA

Source: Bank of America Merrill Lynch – North America Precious Metals Weekly and public company disclosure

Golden Meadows: Superior Resource Grade

  • vs. Major Gold Producer Reserves
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SLIDE 18

18 September 2014 Gold, rediscovered.

  • 1.0

2.0 3.0

Operating mines

Grade (g/t Au)

Golden Meadows Project

Hangar Flats West End

Source: RBC Compilation from Metals Economics Group & public disclosure

Yellow Pine

Superior Grade vs. N. American Open Pit Mines & Projects

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SLIDE 19

19 September 2014 Gold, rediscovered.

Morelos Brucejack Cerro del Gallo Yellowknife Obotan Detour Lake Otjikoto Aurora Gemfield Livengood Houndé Gold Blackwater Rainy River Upper Beaver Sleeper

Golden Meadows Golden Meadows (Yrs 1-8)

Golden Highway OJVG Freegold Mtn Springpole Dugbe 1 Pheonix Moss Lake La Mina Rojo Grande North Bullfrog Batero-Quinchia Caspiche Kiaka Courageous Lake Metates Tepal Toroparu Tasiast Volta Grande Esaase Mt Todd Fekola Back River Magino $0 $200 $400 $600 $800 $1,000 $1,200 200 400 600 800 1,000 1,200

Net Cash Costs (1) (US$/oz of gold) Annual Production - LoM Avg (000's oz of gold)

(1) See non-IFRS measures at conclusion. Sources: Haywood Securities & Company Disclosure (2) The economic assessment in the PEA is preliminary in nature and uses inferred mineral resources. See Note (1) on page 12 for full disclaimer. Sources: Haywood Securities & Company Disclosure

PEA PFS FS Recently acquired

Size of globe = initial CAPEX

Production Scale & Low Costs: Potential for large scale, low cost gold-antimony mine

Higher production Higher cost

(2)

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SLIDE 20

20 September 2014 Gold, rediscovered.

  • 200

400 600 800 1,000 1,200 Vista Gold Rainy River Sabina Midway Gold Guyana Goldfields Sulliden Midas Gold Torex Romarco US$/oz Initial Capital (US$/oz) Cash Costs (US$/oz) Royalties (US$/oz) Sustaining Capital (US$/oz)

* Initial Capex + cash costs (net of by-product credits) + royalties + sustaining capital

Source: Public Company Data Note: The economic assessment in the PEA is preliminary in nature and uses inferred mineral resources. See Note (1) on page 12 for full disclaimer.

Low All-in Costs: Competitive life-of-mine total minesite costs*

Higher Life-of-Mine Total Costs*

$1275 Gold Price

*

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SLIDE 21

21 September 2014 Gold, rediscovered.

Obotan Morelos Aurora Lindero Houndé Gold Karma Rainy River Upper Beaver

Golden Meadows

Cerro Maricunga OJVG Freegold Mtn Pheonix Moss Lake La Mina North Bullfrog Batero-Quinchia Bombore Tepal Toroparu Esaase Mt Todd Back River Magino

  • $100

$100 $300 $500 $700 $900 $1,100 $1,300 $1,500 $1,700 0.0 1.0 2.0 3.0 4.0 5.0 Discounted Net Present Value@ US$1,400/oz Gold (US$ Millions) Life of Mine Gold Production (million ounces) Brucejack

Size of globe proportionate to cash costs net of by-product credits (US$/oz)

PEA PFS FS Recently acquired

Sources: Haywood Securities & Company Disclosure * The economic assessment in the PEA is preliminary in nature and uses inferred mineral resources. See Note (1) on page 12 for full disclaimer.

Superior Returns: Attractive NPV and life-of-mine gold production *

Higher Gold Production Higher NPV

*

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SLIDE 22

22 September 2014 Gold, rediscovered.

1,000 2,000 3,000 4,000 5,000 6,000 1,200 1,400 1,600 1,800 NPV (US$ millions) Gold Price ($/oz)

0% 5% 10%

Pre-tax NPV After-tax NPV Base Case Discount Rate

Note: The economic assessment in the September 2012 PEA is preliminary in nature and uses inferred mineral resources. See Note (1) on page 12 for full disclaimer.

PEA Sensitivities: NPV still strong at lower gold prices

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SLIDE 23

23 September 2014 Gold, rediscovered. Flame Retardants 60% Batteries & alloys 20% Other uses 20%

Antimony Uses (USGS)

Supply Risk - China dominates world antimony & tungsten supply

  • No domestic U.S. antimony or tungsten mine production
  • U.S. is reliant on China for majority of its antimony & tungsten
  • Chinese supply is falling
  • Export restrictions in China since 2009

Potential for new U.S. legislation aimed at developing U.S. production of critical minerals

Bolivia 3% China 79% Russia 4% South Africa 3% Tajikstan 3% Other 8%

World Antimony Production 2013 (USGS)

Strategic By-products: Potential by-product credits from antimony & possibly tungsten

Effectiveness of antimony flame retardant (left coverall)

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SLIDE 24

MOVIN ING FO FORW RWARD

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SLIDE 25

25 September 2014 Gold, rediscovered.

Community Benefits

Reclamation of legacy environmental impact

  • Tailings
  • Waste dumps
  • Mill and smelter site
  • Fish passage
  • Sedimentation

Employment

  • Valley & Adams counties – high unemployment
  • ~425 new direct jobs
  • ~$20 million/year in payroll
  • Salaries ~2x State average
  • Long life

Economic Benefits

  • Contracting and indirect jobs ~1,000 or more
  • ~ $1 billion in taxes LOM
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SLIDE 26

26 September 2014 Gold, rediscovered.

A positive local impact now - be a good citizen:

  • Hire locally
  • Use local suppliers & contractors
  • Participate in and support local activities
  • Openness & engagement

Do more than is required:

  • Voluntary environmental remediation
  • 22,200 trees planted, more to come
  • Sediment reduction
  • High environmental and safety standards
  • Zero reportable incidents in 2013 and 2014 YTD

Restore the site

  • Incorporate remediation and restoration into project

design and planning

  • Restore fish passage, cleaner water

Sustainability: Taking a proactive approach

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SLIDE 27

27 September 2014 Gold, rediscovered.

Remediate legacy disturbance

  • Tailings, waste dumps, mill & smelter site

Design for closure

  • Wetlands, restored drainage channels

Protect and enhance water quality, fisheries, wetlands, groundwater

  • Restore fish passage, reduce sedimentation

Engage, inform, consult and consider stakeholders’ input

  • Address local’s priorities

Demonstrate significant net local benefits

  • Employment and environment

Evaluate & incorporate options to reduce environmental footprint

  • Innovative design concepts

Develop a sustainable project planned around closure & reclamation

Do What is Right:

Before After

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SLIDE 28

28 September 2014 Gold, rediscovered.

Restore the Site Opportunity: Yellow Pine Pit

Barrier to fish migration since 1938 Midas Gold plans:

  • Temporary, fish-friendly tunnel design
  • Upstream and downstream habitat restoration
  • Backfill pit and restoration of creek
  • Fish passage
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SLIDE 29

29 September 2014 Gold, rediscovered.

  • 500
  • 400
  • 300
  • 200
  • 100

100 200 300 400

  • 3
  • 2
  • 1

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Au Sb Construction

Antimony by-product credit calculated on

  • approx. 17% of total resource

Substantially increases cash flow in Years 1 through 4 Project year

Focus on most profitable ounces

Smaller footprint

Secondary antimony processing

Upside opportunity

Historic tailings and waste rock reprocessing

Legacy impact remediation

Redesigned layout to reduce environmental footprint

Less impact

Discover more high grade gold

Boost economics Average $305 million in after tax cash flow per year in first 8 years Undiscounted Cash Flow

(US$ millions)

Note: The economic assessment in the PEA is preliminary in nature and uses inferred mineral resources. See Note (1) on page 16 for full disclaimer

Optimization Opportunities: Evaluated from environmental, technical & financial perspective

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SLIDE 30

30 September 2014 Gold, rediscovered.

Metallurgy: Confirmation of robust gold and antimony recoveries (1)

Extensive test program

  • Six master composites
  • 100 variability composites

Net overall Gold Recoveries (1)

Yellow Pine 90-92% West End 81-84% Hangar Flats 88-91%

Antimony Recoveries 80-90%

79”x59” Jaw Crusher 30’x16’ SAG Mill 24’x40’ Ball Mill Antimony Flotation Gold Flotation Pressure Oxidation Gold CIL & EW Antimony Concentrate Gold Doré Oxides (~14%) High Sb Sulphides (~14%) Tailings Sulphides (~72%)

Simplified Flow Sheet

(1) See Company news release dated August 20, 2014 for details

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SLIDE 31

31 September 2014 Gold, rediscovered.

Existing deposits open to expansion

  • Yellow Pine, West End & Hangar Flats

Entirely new targets for:

  • Bulk tonnage

e.g. Cinnamid-Ridgetop, Saddle-Fern, Rabbit

  • Small tonnage, high grade

e.g. Garnet, Scout, Upper Midnight

  • Undefined airborne targets

e.g. Mule, Salt & Pepper, Blow-out

  • 500

1,000 1,500 2,000 2,500 3,000 < 1M oz 1-2M oz 2-5M oz 5-10M oz 10-30M oz >30M oz # of Deposits Contained oz of Gold

Golden Meadows

(1) Source: Mineral Economics Group, RBC Capital Markets

Rarity of >5m oz Gold Deposits Globally(1)

Exploration Upside: Blue sky potential in a world class gold district

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SLIDE 32

32 September 2014 Gold, rediscovered.

Technical

  • Resource update (September 2014)
  • Metallurgical, engineering and other studies
  • Pre-Feasibility Study (Q4 2014)

On-going consultation at every step

  • To gather input
  • To evaluate alternatives and options to reduce, avoid and mitigate potential impacts & risks
  • To incorporate viable, practical ideas into the pre-feasibility study

Preparation of Plan of Operations

  • Required to initiate the EIS (assuming pre-feasibility warrants)

On-going exploration

  • There is potential for more, including potential high grade underground

Next Steps: 2014 milestones and near-term value drivers

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SLIDE 33

33 September 2014 Gold, rediscovered.

Proven Management & Board Large, High Grade, World Class Open-Pit Deposit Low Geopolitical Risk Production Scale Production Proven Metallurgy Exploration Upside Strategic By-products 100% Owned Robust PEA Lowest Quartile Costs Optimization Opportunities Community Support Long Life Modest Capital Intensity Low Sustaining Costs

Why Invest In Midas Gold: Midas has the key components for success

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SLIDE 34

REGULATOR TORY I INFOR ORMATI TION

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SLIDE 35

35 September 2014 Gold, rediscovered. The technical information in this presentation (the “Technical Information”) has been approved by Stephen P. Quin, P. Geo., President & CEO of Midas Gold Corp. (together with its subsidiaries, “Midas Gold”) and a Qualified Person. Midas Gold’s exploration activities at Golden Meadows were carried out under the supervision of Christopher Dail, C.P.G., Qualified Person and Exploration Manager and Richard Moses, C.P.G., Qualified Person and Site Operations Manager. For readers to fully understand the information in this presentation, they should read the technical report (available on SEDAR or at www.midasgoldcorp.com) in its entirety (the “Technical Report”), including all qualifications, assumptions and exclusions that relate to the information set out in this presentation that qualifies the Technical Information. The Technical Report is intended to be read as a whole, and sections or summaries should not be read or relied upon out of context. The technical information in the Technical Report is subject to the assumptions and qualifications contained therein. Some of the mineral resources at Golden Meadows are categorized as indicated and some as inferred mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied. Cautionary Note – The mineral resource estimates referenced in this presentation use the terms “Indicated Mineral Resources” and “Inferred Mineral Resources.” We advise you that while these terms are defined in and required by Canadian regulations, these terms are not defined terms under the U.S. Securities and Exchange Commission (“SEC”) Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant “reserves” as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. Midas Gold is not an SEC registered company. The resource estimation for the gold deposits at Golden Meadows was completed by David Rowe, C.P.G of SRK Consulting (Canada), Inc. under the supervision of Guy Dishaw, P. Geo, of SRK Consulting (Canada), Inc. The other Qualified Persons responsible for the PEA study are Gordon Doerksen, P.Eng., of JDS Energy and Mining Inc. (overall project management and economic analysis); Dino Pilotto, P.Eng., of SRK Consulting (Canada) Inc. (mining); Bruce Murphy, FSAIMM, of SRK Consulting (Canada) Inc. (mine geotech); Maritz Rykaart, P.Eng., of SRK Consulting (Canada) Inc. (waste management); John Duncan, P.Eng. of SRK Consulting (Canada) Inc. (water management); Chris Martin, C.Eng., of Blue Coast Metallurgy Ltd. (metallurgy); Kevin Scott, P.Eng., of Ausenco Solutions Canada Inc. (infrastructure and mineral processing); and Rick Richins, BS, MS, of RTR Inc. (environmental considerations) – see the technical report for relevant assumptions and disclaimers. "Cash Operating Costs" is a non-IFRS Performance Measure. This performance measure is included because this statistic is a key performance measure that management uses to monitor

  • performance. This performance measure does not have a meaning within IFRS and, therefore, amounts presented may not be comparable to similar data presented by other mining companies.

This performance measure should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.

Compliance With NI43-101 Non-IFRS Performance Measure

slide-36
SLIDE 36

FO FOR R MORE RE I INFO FORMA MATIO ION: N:

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