1

Certain statements in this document constitute “forward looking statements” which maynot be based on historical fact. Such forward looking statements involve known andunknown risk, uncertainties and other factors which may cause the actual results,performance or achievements of the Company, or industry results to be materiallydifferent from any future results, performance, or achievements expressed or implied bysuch forward looking statements. Such factors include, among others, the following:actual results of exploration and development activities; the estimation or realization ofmineral reserves and resources; the timing and the amount of future production; the costsand 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 Company’shistory of operating losses and uncertainty of future profitability; uncertainty of access toadditional capital; environmental liability claims and insurance; and dependence on jointventure 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 corporate presentation.

STRONG MANAGEMENT TEAMProven mine builders, with experience internationally and specifically within Spain

UPDATED MEASURED AND INDICATED RESOURCE ESTIMATE EXCEEDS ONE MILLION OUNCES GOLD*Micon International completed open pit constrained resource (Spain)

Approved Environmental Impact Statement (Milestone Permit)December 2012 Ministry of Environment approved The Corcoesto project for open pit mining

INFERRED RESOURCE ESTIMATE EXCEEDS ONE MILLION OUNCES GOLD**Tetra Tech 2012, Ghana, West Africa (Joint Venture Edgewater 51%/Kinross 49%)

$8 Million market capitalization

100% owned Advanced Stage Corcoesto Gold Project NW, Spain (NI 43-101 PEA completed, Updated Measured & Indicated Resource)

51% own Advanced Stage Enchi Gold Project Ghana, West Africa(Inferred Resource)

*See slide 9 for full details ** slide 16 for full details

Conventional open-pit advanced stage goldproject

100% Ownership+15,000 ha along the Gold belt

FIRST WORLD, PRO-MINING JURISDICTION

ADVANCED GOLD DEVELOPMENT PROJECT (Preliminary Economics Complete)

PIT-CONSTRAINED GOLD RESOURCE (Significant Exploration Upside Potential)

EXCELLENT LOCATION WITH ALL INFRASTRUCTURE IN PLACE

FULL ENVIRONMENTAL IMPACT STATEMENT APPROVED (DEC. 2012)

ALL LEVELS OF GOVERNMENT AND LOCAL COMMUNITIES SUPPORTIVE

EXPLORATION UPSIDE

George Salamis, President & CEO, Director +20 years experience directing exploration, development, and miningoperations of a number of gold, base metal and coal projects, Mr.Salamis has held senior management positions with Placer Dome andCameco Corporation and has completed M & A transactions valuedover $1B

Greg Smith, P.Geo, Vice President Exploration+23 years exploration experience working for both junior & seniormining operations and has been involved in outlining +10Moz golddiscovery

Edward Farrauto, CFO+20 years experience as CFO and Director of public companies, hasbeen involved in raising over $500 million of equity and debt andcompleted M & A transactions valued over $750 million

Dr. John Thomas, COO+38 years experience in the mining industry in several countries. Hisexperience covers a wide range of activities including processdevelopment, feasibility studies, management of construction andoperation of mines. Dr. Thomas is a professional engineer and has aB.Sc., M.Sc., and a PhD in metallurgical processing

Mr. AJ Ali, Project Finance AdvisorMr. Ali has +20 years experience in the mining industry and has been involved with over $2B in M&A and project financings for mining projects. Previously Mr. Ali was the CFO and Director of CentenarioCopper Corp before its acquisition by Quadra FNX Mining and CFO of EuroZinc Mining Corporation before it merged with Lundin Mining.

Doug Forster, M.Sc. P.Geo, Director+30 years resource project development, M&A, equity finance and publiccompany management, Mr. Forster is President & CEO of FeatherstoneCapital, he has been Founder and director of several public companies

Francisco Arechaga Director of Corporate AffairsMining 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 Galicia

Lluís Boixet Country ManagerOver 25 years in exploration and development of gold and base metal projects in the Iberian Peninsula

Mgmt &

Insiders 19%

Institutional

32%

Retail 45%

Kinross Gold

Corp 4%

Ownership Share Structure

Issued & Outstanding 104,694,437

Warrants

15,900,000 @ 0.10 (2019)

666, 720 @ 0.47 (2015)

15,900,000666,720

Options 7,830,000

Fully Diluted* 129,091,157

Cash $1,100,000

January 2014 Market Capitalization

8.0 Million

*If Edgewater delineates a NI43-101 compliant resource of 3Moz of gold in the M&I category on the Enchi Gold Project, then Kinross can

exercise an additional 2.5M warrants at $0.50 and 2.5M warrants at $1.00 (included in the fully diluted number above).

• An autonomous region, all mine permits granted locally at the municipal and state levels (no federal approvals required), supportive from all levels of government

• January 2013, Galician government approved the proposed 6,000 tpd Environmental Impact Statement (EIS).

• Excellent logistics with roads, power and water amenable to low cost development

Corcoesto Plant site Drawing

NI 43-101 Pit Constrained Resource Summary (0.5 & 0.8 g/t Gold Cut-off)

Resource ClassCutoff (g/t Au)

Tonnes(x1000)

Goldg/t

Contained Gold (x1000 oz)

Measured 0.5 14,910 1.34 644

Indicated 0.5 9,298 1.28 383

Measured + Indicated 0.5 24,208 1.32 1,027

Inferred 0.5 5,321 1.21 207

Measured 0.8 10,170 1.67 546

Indicated 0.8 6,065 1.63 317

Measured + Indicated 0.8 16,235 1.65 863

Inferred 0.8 3,733 1.44 173

1. Mineral resources were classified following the guidelines of the JORC Code (2012) an accepted reporting code in terms of Canadian National Instrument 43-101.

2. Mineral resources are constrained within a Whittle pit shell based on a gold price of US$1,400/oz.

3. Numbers may not compute due to rounding.

4. All grades have been quoted in grams per tonne (g/t) for the resource inventory.

5. Density values were assigned in relation to an oxide surface; no further distinction between fresh and oxide material has been made within this resource estimate.

6. There are no known legal, political, environmental or other risks that could materially affect the potential development of these mineral resources

Open-pit constrained 1.2 Million Ounce Gold Resource with significant potential at depth and on strike

The September 2013 Corcoesto NI 43-101 Resource Estimate Technical Report was prepared by Jason Che Osmond, M.Sc., EurGeol., C. Geol., FGS,

Senior Geologist, Micon International Co. Limited and a Qualified Person (“QP”) as defined by National Instrument 43-101

6,000 tpd Years 1-10(Base Case $US1300/oz)

Average annual production (Au oz) 102,000

Average annual net revenue ($US M) 60.0

Metallurgical recovery (%) 89.1

Strip Ratio 8.0/1

Average annual net cost ($US/oz) 713

Capital cost ($US M) (17.5% Contingency) 160

Pre-Tax Financial Model** $1100/oz $1300/oz $1500/oz

Payback (years) 5.6 3.4 2.5

IRR (%) 12 24 34

NPV (5%) (Million) 71 206 340

Average annual net revenue ($US M) 40 60 80

*The NI43-101 Preliminary Economic Assessment is preliminary in nature and includes inferred mineral resources that are considered too speculativegeologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty thatthe preliminary assessment will be realized. The Corcoesto Gold Project PEA Technical Report dated Dec 30, 2011 was prepared by Alan Noble, P.E., of OreReserves Engineering Inc., a professional independent mining engineer registered in the State of Colorado, USA and a QP as defined by National Instrument43-101. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

**The Spanish corporate tax rate is 30%, but the impact of taxes on the project would be much less after allowances for depreciation, and structure of the local and international corporations.

*Slide 09 includes the updated NI 43-101 resource estimate, the PEA economic details use the older (2011 resource estimate for these PEA calculations)

(Nov 2011)

• Capital cost ongoing, work confirms low capex to date

• Operating costs inline with 2011 Preliminary Economic Assessment

• Metallurgy optimization underway

• Site layout complete

• Mine contractor rates confirmed

• Geotechnical/reclamation work complete

• Flow sheet confirmed and design nearing completion

• Permitting well advanced with EIA completed (Dec 2012)

W

6000 tpd FEED

ORE

FEED

ORE FEED

STOCKPILE

OPTIONAL INDERECT

FEEDING

100 ton TRUCK

180 m3

BIN

FEEDER

JAW

CRUSHER

FEED BELT

CONVEYOR

MAGNET

P80 -

150m

m

CRUSHED ORE

STOCKPILE

Diam.44.0m

FEED BELT

CONVEYOR

SAG MILL

VIBRATING

SCREEN

O/S

+5m

mm

OVERSIZE

CONVEYOR

Water

CYCLONE FEED

PUMP

HYDRO

CYCLONE

SUMP

O/F

TRASHO/S

2 BALL MILLS

TRASH

SCREEN

CENTRIFUGAL

CONCENTRATOR

TAIL

S

U/F

FLOTATION

CONCENTRATE

FLOTATION

CELLS

CONCENTRATE

THICKENER

CON

C.

FLOTATION

TAILINGS DAM

RECLAIM

WATER POND

O/F

PROCESS

WATER LOOP

U/F

TAILINGS

THICKENERFLOTATION

TAILINGS

REGRINDING

MILL (ISA)

CONCENTR

ATE

GOLD

ELECTROWINNING8 CIL AGITATED TANKS

CYANIDE

DESTRUCTION

CARBON

ELUTION

CARBON

REGENERATION

REGENERATED

CARBON

PREGNANT CARBON

LEACH RESIDUE

TAILINGS DAM

SMELTING

FURNACE

GOLD

DORE

Design by : JAT Date28/01//2013

RETURN

WATER TO

PROCESS

U/S

U/S

-5mm

WASTE ROCK/TAILINGS

Potential Resource

below pits

Pozo Del Ingles Gold Zone Grade thickness long section

Corcoesto Gold Project – Plan Map

Peton de Lobo Gold Zone Grade thickness long section

Cova Crea Zone Open at Depth

Potential extensions to structures on strike

Open at Depth

Open at Depth

Current Open pit shell

• 51/49 Joint Venture with Kinross Gold (TSX: K)

• Mid-stage exploration comprised of 8 licenses totaling 568km2

• Located above the highly prolific Bibiani Shear Zone which is host to two >5 million ounce deposits

• Chirano Gold Mine ~40km NW covers 9km of the Bibiani Shear Zone

• Enchi covers 50km over the BibianiShear Zone

• Airborne geophysical survey

identified +25 new targets

• Completed NI 43-101 Gold Resource

+1M ounces*

• All zones open at depth and along

strike*see slide 16 for details

16

NI 43-101 Mineral Resource Summary

Cutoff (g/t Au)

TonnesGoldg/t

Contained Gold

0.30 71,241,000 0.65 1,489,295

0.40 51,633,000 0.76 1,269,739*

0.50 37,278,000 0.89 1,063,868

0.60 27,538,000 1.01 892,682

0.70 20,627,000 1.13 749,081

0.80 15,887,000 1.24 635,200

0.90 12,644,000 1.35 546,878

*West African average cut-off is 0.4g/t which represents +1.2M ounces Gold1. CIM definition standards were followed for the resource estimate.

2. The 2012 resource models used ordinary kriging (OK) grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.

3. A base cutoff grade of 0.7 g/t Au was used for reporting resources with a capping of gold grades at 18 g/t.

4. A density of 2.45 g/cm3 was applied.

5. Numbers may not add exactly due to rounding.

6. Mineral Resources that are not mineral reserves do not have economic viability

The July 2012 Enchi Gold Project Resource Estimate Technical Report was prepared by Todd McCracken, P.Geo. of Tetra Tech., who is independent

of Edgewater and a Qualified Person ("QP") as defined by National Instrument

• Environmental Impact Permits – Approved

• Updated Measured and Indicated Resource

grew +200% completed with significant

upside potential

• Management team has extensive M&A, mine

building, operational and in country open-pit

expertise

• Low capital, simple and short timeline

• Committed to maximizing social economic benefits

to the region

ContactRyan King, Vice-President

604 628 1012rking@edgewaterx.comwww.edgewaterx.com

18