Gold Exploration in Nevada With Near-Term Production Potential

1. December, 2011 THE ATLANTA GOLD MINE, EASTERN NEVADA Gold Exploration in NevadaWith Near-Term Production Potential OTCQX:MAYGF December 2011 TSXV:MAY

2. Forward Looking Statement Statements relating to the estimated or expected future production and operating results and costs and financial condition of Meadow Bay Gold Corporation(“Meadow Bay” or the “Company”), planned work at the Company’s projects and the expected results of such work and the anticipated use of proceeds of thisoffering are forward-looking statements within the meaning of United States and Canadian securities laws. Forward-looking statements are statements that arenot historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates,projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could orshould occur. Information concerning exploration results and mineral reserve and resource estimates may also be deemed to be forward-looking statements,as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements arenecessarily based upon a number of estimates and assumptions that, while considered reasonable at the time they are made, are inherently subject to avariety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including,without limitation: uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in plannedwork resulting from logistical, technical or other factors; the possibility that results of work will not fulfill projections/expectations and realize the perceivedpotential of the Company’s projects; uncertainties involved in the interpretation of drilling results and other tests and the estimation of mineral reserves andresources; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of environmental issues at the Company’sprojects; the possibility of cost overruns or unanticipated expenses in work programs; the need to obtain permits and comply with environmental laws andregulations and other government requirements; fluctuations in the price of metals and other risks and uncertainties, including those described in theCompany’s filings with the Ontario SecuritiesCommission on SEDAR in Canada (available at www.sedar.com) for the fiscal year ended March 31, 2011. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management or its independent professional consultants onthe date the statements are made. We do not undertake to update these forward-looking statements as a result of new information, future events or otherwise,other than as requested by applicable law. Cautionary Note to U.S. Investors - All mineral resources have been estimated in accordance with the definition standards on mineral resources and mineralreserves of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in National Instrument 43-101, commonly referred to as NI 43-101. U.S.reporting requirements for disclosure of mineral properties are governed by the United States Securities and Exchange Commission (“SEC”) Industry Guide 7. Canadian and Guide 7 standards are substantially different.

3. Atlanta Gold & Silver Mine, Nevada Atlanta is located in northeastern Lincoln County Area is high desert with warm summers and cold, dry winters Located 4.5 hours north of Las Vegas or 5 hours southwest of Salt Lake City Ely and Pioche, Nevada, are the closest cities Atlanta Mine

4. Atlanta Mine Acquisition Meadow Bay Gold acquired the Atlanta Mine in Nevadain March 2 2011 • Meadow closed financing of $11.25 million concurrent with acquisition at C$1.00 per share (no warrants) and has raised an additional $4million in 2011. • Paid $6 million to underlying owner of Atlanta mine on closing for 100% ownership (3% NSR royalty is capped at 4,000 ounces Au). • Meadow Bay has a proven management team capable of enhancing shareholder value as well as executing their development goals. • Meadow Bay has adequate reserves in its treasury to execute its 2011 business plan focused on exploration at the Atlanta mine with a goal of increasing the company’s in-situ resource (> 1 million ounces Gold).

5. Key Personnel Robert Dinning – CEO is a Chartered Accountant and a lifetime member of the Alberta Institute of Chartered Accountants. Mr. Dinning, amongst other accomplishments, is also the Chairman of Paramount Gold and Silver Corp and CFO of ATAC Resources ltd. Charles (Bill) Reed – Director of Exploration & Chief Geologist is a professional geologist with 40 years in the mining business. He was the Chief Geologist and co-founder of Paramount Gold and Silver and is credited with discovering the San Miguel project in Mexico. Bill was previously the Chief Geologist for Hecla Mining and worked with Echo Bay and Kennecott prior to that. Dr. Douglas Oliver – Atlanta Project Manager is a career geologist with 30 years experience in mineral exploration. He is president and founder of OliverGeoservices, which specializes in exploration management, economic evaluations and independent reviews. He received his Bachelor’s degree in Geology from Rutgers University and has an MBA from the University of Texas at Austin and a PhD in Tectonics from Southern Methodist University. Doug is responsible for implementing the exploration program at the Atlanta Mine

6. History of Gold Exploration at Atlanta • Gold was discovered in the Atlanta Mining District in the 1860s. Intermittent exploration is conducted over the next 100 years. • Standard Slag / Bobcat JV puts Atlanta in production from 1975 to 1985. The 800 tpd mill produced 110,000 ounces of gold and 800,000 ounces of silver from 1.5 million tons of ore • Gold Fields Resources options the project from 1990 to 1991. Conducts geochemical sampling, geophysics and drills 56,021’ in 82 core and RC holes. • Kinross Gold options the project from 1997 to 1998. Drills 54,225’ in 80 RC holes and conducts a resource estimate.The 9.3 million ton drill indicated resource contains 464,500 ounces Au and 3,865,000 ounces Ag at a 0.020 opt Au cut-off (Note – Not NI 43-101 compliant) • Meadow Bay acquires the project in March 2011.

7. Gold Price During Recent History at Atlanta

8. Land Ownership at Atlanta • The initial acquisition consisted of 13 patented and 49 unpatented claims. • Atna Resources’ 135 NBI claims were purchased in June 2011 for $250,000 and 400,000 shares of Meadow Bay common stock. Subject to 3% NSR royalty. • Meadow Bay has staked over 400 claims within the Atlanta District and in the adjacent Limestone Hills. • At Present, Meadow Bay controls the entire Atlanta District with nearly 11,000 acres.

9. Atlanta Land Position

10. Atlanta Drilling Program • 2011 plan includes 15,000 ft of core and 15,000 ft of RC drilling. • Seven twinned core holes drilled in consultation with Gustavson Associates to evaluate the historic resource. • Ongoing in-fill drilling to the north and southwest of the former mine area to expand the resource base. • Step-out drilling further to the north where geophysics predicts the extension of the Atlanta structure. • Drilling of new exploration targets to the west and east in early 2012.

11. Gold Mineralization at Atlanta Gold mineralization is primarily hosted in silicified breccias with the Atlanta Fault • The Atlanta Fault zone separates Tertiary volcanic rocks from Paleozoic sedimentary rocks. It strikes to the north and dips steeply to the west. • The ~100’ wide breccia zone was repeatedly silicified and re-brecciated during mineralization. • Past mining focused on the shallow and higher-grade portions of the Atlanta Fault. • 1.5 million tons grading 3 g/t Au and 39 g/t Ag were mined. Recovery was by milling and agitated leach with cyanide. • A shallow igneous porphyry intrusive to the southwest of the historic open pit is a secondary un-mined target.

12. Schematic Block Diagram of Atlanta Geology Porphyry Discovery announced October 13, 2011

13. Looking South at Main Deposit Pit Wall Silicified Fault Breccia High grade Overlying Volcanics UnderlyingDolomite /Limestone 60 ‘ benches

14. North Extension of Deposit Looking Northeast Overlying Alluvial Gravels Hangingwall Volcanics Silicified Breccia (110’ thick)

15. Cross-Section 99500 through Atlanta Fault

16. Intrusive Porphyry-related Mineralization A previously unrecognized intrusive porphyry occurs to the southwest of the historic Atlanta pit. Gold and silver mineralization is both thicker and higher in grade around the margins of the intrusive. Thick intercepts of gold mineralization have be found within the porphyry itself. The geometry and extent of the intrusive have not yet been constrained. It is open to the north, south and west. Atlanta Porphyry Drill Hole DHRC-11-04C 2.54 g/t Au

17. Current Drilling atAtlanta (Sept. 17, 2011)

18. November 15, 2011 Drill Hole Summary Note – eAu calculated at an Au:Ag ratio of 1:53

19. Cross-Section 98960 with Intrusive at Depth

20. Reconnaissance Exploration Targets Exploration away from the Atlanta Mine has discovered new target areas • Western Knolls / PEG – Large areas of silicified volcanic rocks occurs to the west of the Atlanta Mine. • Initial rock-chip samples contained anomalous gold and pathfinder elements • Target area was acquired by staking • Current exploration includes geologic mapping, soil sampling and geophysics • Limestone Hills – An area of altered sedimentary rocks in the next range to the east of the Atlanta Mine • Initial exploration revealed favorable alteration and old drill pads • Target area was acquired by staking • Current exploration includes geologic mapping and geochemical sampling Target areas will be readied for drilling in 2012

21. Atlanta Infrastructure Existing infrastructure facilitates both exploration and eventual production at the Atlanta project • County maintained roads link the project with both Ely and Pioche • A 15 mile electrical power line is operational to the site. A local substation provides 3-phase electricity adequate for all needs. • A private water well 8.5 miles to the west in Lake Valley delivers water to the project via a 6” water pipeline. Water rights are adequate to support eventual production. • A telephone land line provides both voice and data to the project site. • A 48’ X 60’ modular building has be purchased to provide crew quarters during the exploration phase. The building can be re-configured to serve as a future mine office.

22. Infrastructure In Place (August 2011)

23. Plans for Moving Forward Work at the Atlanta Project is structured to efficiently move the project toward eventual production • Geophysics – Ground magnetic and gravity survey (3Q – 2011) • Permitting – Initiate permitting process on long lead-time permits and begin baseline studies (3Q – 2011) • Metallurgy – Engage lab in Reno for initial ore characterization (4Q – 2011) • GIS Database – Incorporate all existing data into an interactive 3D database (4Q – 2011) • Resource Estimate – Create new NI 43-101 compliant resource estimate in conjunction with Gustavson Associates (1Q – 2012) • Resume Drilling – Continue step-out and in-fill drilling along the Atlanta Fault and begin exploratory drilling on new targets (1Q – 2012) • Scoping Study – Begin initial mine planning and estimate capital and operating costs (2Q – 2012)

24. Atlanta Gold-Silver Mine Summary • 12 patented and 49 unpatented lode claims acquired from former owner. Additional claim staking has expanded the land position to nearly 10,000 acres. • Past open pit production – 110,000 oz gold, 800,000 oz silver from 1.5 million tons • Current historic resource within existing pit area of 464,500 oz gold (drill indicated by Kinross), plus 3.9 million oz silver (historic resource) • Offers excellent multi-million ounce resource expansion potential • Pit expansion permitable – infrastructure includes 3-phase electricity to the mine, roads and abundant water • Royalty to vendor - 3% NSR royalty capped at 4,000 ounces

25. Capital Structure Post Acquisition and Initial Offering: Common Shares Issued 43,993,994 Warrants @ $1.00 857,213 Recent Price $1.13* Market Cap 49,713,213 MAY currently trades on TSX-V and OTC-QX ($US) * As of Dec. 13, 2011.

26. Contact Information Meadow Bay Gold CorporationRobert Dinning, CEO West Pender Street Vancouver BC Canada V6C 1L6 Tel +1-604-641-4450Fax +1-855-557-4622 Investor Relations:Matt Harrington First Canadian Capital Corp. Danny GravelleLaunch IR Bobby Mullins contact@goalcapital.net+1-613-882-7467 Tel: 1-866-580-8891 +1-949-481-5396 Email: info@meadowbaygold.com