Overview

NioGold Mining Corp. (CVE:NOX) flagship projects are located in the Cadillac – Malartic – Val-d’Or stretch of the prolific Abitibi gold mining district, Quebec. The Marban Block property, part of the large Malartic camp land holdings, holds NI 43-101 compliant Indicated resources of 598,000 ounces gold plus Inferred resources of 361,000 ounces gold. Aurizon Mines Ltd. recently entered into an option agreement on the Marban Block property Aurizon will spend $20,000,000 over three years in drilling in order to increase the resources prior to feasibility study.

Investment Highlights

• Properties located in a mining region that has produced >170 million ounces of gold since 1908
• Malartic Val-d’Or Project located adjacent to 8 producing gold mines
• Major deposits in the same region have been mined to depths of 1000m +

Chief Properties

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Malartic – Val-d’Or Projects

Located in the Abitibi region of Quebec, covering 115 km², the Malatric-Val d’Or project is divided into eight properties: the Marban Block (100% owned, Aurizon option), the Malatric Hygrade (100% owned), the Malatric H (option for 60-80%), the Camflo West (100% owned), Val-d’Or (100% owned), Héva (100% owned), Siscoe East (option for 50%)., and Val-d’Or (100% owned).

Since the 1930s the neighboring Cadillac, Malartic, and Val d’Or camps have produced upwards of 45 million ounces of gold, and are presently home to eight producing gold mines, and one major mine development project.

Work has been focused on the Marban Block property where 45,000m of drilling and historical data compilation were used to produce an NI 43-101 compliant resource estimate, which proved an Indicated resources of 598,000 ounces gold in addition to Inferred resources of 361,000 ounces gold.

NioGold as operator with partner Aurizon will spend $20,000,000 over three years (100% funded by Aurizon) on drilling the Marban Block deposits towards an updated resource estimate.  At this point, to acquire a 50% interest in the property, Aurizon must make a resource payment to NioGold equal to the sum of $30 (or $40 if the price of gold is then above $1,560 (U.S.)) multiplied by 50 per cent of the number of total gold ounces in the measured and indicated resource categories plus $20 (or $30 if the price of gold is then above $1,560 (U.S.) multiplied by 50 per cent of the number of total gold ounces in the inferred resource category, based on the updated resource estimate.

Aurizon can earn an additional 10-per-cent interest, for a total 60-per-cent interest, by delivering a feasibility study. Aurizon can earn an additional 5 per cent, for a total 65-per-cent interest, by arranging project financing for capital expenditures estimated by the feasibility study to place the project into commercial production.

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The Pump Lake and Montviel Property

In April 2010, a Letter Agreement was signed with GeoMega Resources Inc., which under the terms of the agreement, GeoMega has the option to earn up to 75% interest in the Montviel and Pump Lake properties by making a cash payment of C$100,000 to NioGold on signing, issuing 1,500,000 shares of GeoMega over a three year period following the completion of an IPO, and incurring at least C$3,350,000 in exploration expenditures over four years.

The Montviel property is located approximately 215km NNE of Val-d’Or, in the Abitibi region of Quebec, and consists of 68 mining claims covering 3,777 hectares. The Pump Lake property is located approximately 200km SE of Val-d’Or and 100km north of Mont-Laurier, in the Upper Laurentides region of Quebec, and consists of 324 mining claims covering 18,630 hectares. Both projects are easily accessible by gravel roads and encompass large multi-phase alkaline-carbonatite intrusive complexes. Carbonatites are exploited for a wide variety of metals and minerals such as rare earth elements (REE), niobium-tantalum (Nb Ta), zirconium-hafnium (Zr Hf), iron-titanium-vanadium (Fe Ti V), uranium-thorium (U Th) and industrial minerals including apatite as a source of phosphate (P) for fertilizer.

The Montviel complex, with a core of 8km by 3km, has only been briefly explored since its discovery in 1958. Past diamond drilling (31 holes, 4,423m) intersected potentially economic concentrations of Nb, REE and P within a central iron-magnesium-rich carbonate phase. Best intersections include 0.31% Nb2O5 over 20.1m (with 0.74% Nb2O5 over 4.6m), 1.10% REE over 9.1m and 6.35% P2O5 over 107.0m. Fifteen (15) Nb-REE-P, U-Th, Cu, Cu-Au-Ag and Fe occurrences have been uncovered on the Pump Lake property, associated with the recently recognised Lesueur complex.

Both projects are being optioned by Geomega for their untapped REE potential. REE and other strategic metals, such as Nb and Ta, have many high technology applications where the demand for these metals is expected to grow in the near future.

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Management:

MICHAEL A.IVERSON, Chairman & CEO
Michael Iverson has been President and Director of Triple K Ventures Ltd from March 1975 to the present. He has also served as President and Director of R.P.F. Custom Wood Fibre Ltd since 1985. In November 1997, Mr. Iverson joined Sasha Ventures Ltd., a public company serving as President and Director. In addition to these substantial positions, Mr Iverson has been Chairman, Director and Chief Executive Officer of Fortuna Silver Mines from March 1998 to December 2004 remaining as a board member to present. Mr. Iverson is also Chairman and Director of Niogold Mining Corp formally known as Moreno Ventures Inc. since 1998 to the present.

Rock LEFRANÇOIS, P.Geo. President & COO
Rock Lefrançois is a professional geologist that brings strong technical and management skills to the Company. Mr. Lefrançois has over 20 years of experience in the search and valuation of various types of precious and base metal deposits across the North and Central American Cordilleras and the Abitibi Greenstone Belt. During his career he has served as senior geologist for mid-tier mining companies, notably Cambior and Aur Resources. His local knowledge of the Val d’Or and Malartic mining camps was an asset in acquiring key ground to build NioGold’s land package in the area.

MICHELE N. MARRANDINO, Director
Mr. Marrandino brings 20 years experience in fund raising and management consulting to NioGold’s Board of Directors. His diverse knowledge, experience and contacts in the oil & gas, mining and hi-tech private and public sectors of these industries have assisted many companies in reaching their potential and desired mandates.

TOBY LIM, Director
Toby Lim is called to the British Columbia Bar and has been an associate lawyer practicing securities and corporate law at Anfield Sujir Kennedy and Durno, a Vancouver based law firm, since 1998. He has worked with numerous public and private companies in relation to initial listings, financings, acquisitions, mergers, re-organizations and spin-off transactions, and has served as a director or officer of a number of public companies. He received his Bachelor of Laws degree from Osgoode Hall Law School in Ontario in 1996, and a Bachelor of Commerce with honours from the University of British Columbia in 1992.

DALE PARUK, Vice President Corporate Development
Dale is an experienced securities professional with 25+ years as a registered representative/investor relations officer. He has participated in funding over 100 companies. Dale coordinates the NioGold’s efforts in broadening the Company’s exposure to the investment community in particular mining analysts, retail brokers, investors and media.