finding and funding the next-generation of mining projects by rob mcewen, mcewen mining

Rob McEwen Chairman & CEO

McEwen Mining

Finding, Funding & Filling Our Pockets Rob McEwen Chief Owner

Understand This! Gold is Money

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Source: Bloomberg. As of November 29, 2012

86%

85%

83%

81%

80%

76%

72%

68%

S. AfricanRand

US$

British Pound

Chinese RMB

Euro

Canadian $

Swiss Franc

Australian $

Massive Loss of Purchasing Power Major Currencies Relative to Gold April 2001 - Present

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Increasing Gov’t Debt Driving Gold Price April 2001 - Present

Source: Bloomberg. As of November 29, 2012 6

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Performance of Senior Gold Equities May 10, 2006 - Present

Gold Price +149%

Kinross Goldcorp Newmont Barrick AngloGold

Production +72% +55% -8% -15% -27% Share Price -18% +1% -19% 0% -43% Dividend Yield 1.6% 1.4% 3.0% 2.3% 0.7%

8 Source: Bloomberg. As of November 29, 2012

CEO Ownership

Source: Bloomberg. As of November 29, 2012 9

Exploration

CAN CREATE ENORMOUS VALUE!

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Life Cycle of a Mine

Explorer to World’s Largest Barrick Gold 1985 - 1994

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Power of a

Discovery!

14 Source: Bloomberg

Goldcorp Experience

Rob McEwen: Chief Owner (CEO)

+ Owns 25% MUX Market Value* Cost

+ Takes No Salary

+ Personally Back Stopping $60 Million Rights Issue

$270 Million $125 Million

*As of November 29, 2012

Example of Recognizing Value in Mineral Industry

Personal Investment Rubicon Minerals Invested May 2007

Sale October 2010

Net Gain

$11 Million

$190 Million

$179 Million

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Relative to Gold, Gold Equities are CHEAP! April 2001- Present

Source: Bloomberg. As of November 29, 2012 17

Opportunity to Buy is Now! Created by Recurring Political Event

Source: Bloomberg and CIBC World Markets, reported as of April 17, 2012 18

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