The Search Continues

1. The Search Continues February 2011

2. Legal Statement The data contained herein is provided for information purposes only. Certain information has been compiled from sources believed to be reliable. No information in this presentation is to be construed as an offer to buy or sell securities. Some statements contained in this presentation are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include among other things, comments regarding mining and milling operations, mineral resource statements and exploration program performance. They may also include statements with respect to Eskay Mining's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. Factors that could cause actual results to differ materially include, but are not limited to, metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production, the ability to raise sufficient capital to fund exploration, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise. The reader agrees to hold the Company and its subsidiaries, and their respective officers, employees and agents harmless against any claims for damages or cost or any loss of any kind arising out of the access to or use of this presentation or any information contained in or obtained through this presentation. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: These tables use the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. Dr. Art Ettlinger, P.Geo. is a qualified person as defined by NI43-101 and has reviewed the contents of this presentation.

3. Mandate: “To systematically explore our large land position surrounding the world-class Eskay Creek gold-silver deposit in an environmentally and socially responsible manner. We will use our technical abilities to find the best chance amongst our numerous mineralized zones to make a new discovery in line with the giant ore deposits that are known to occur in the Eskay area” -Mac Balkam, President & CEO

4. To Succeed We Need: • People • new management & new technical team with direct Eskay Creek experience • Property • 130,000 acres adjacent to Barrick’s Eskay Creek mine and to the west of Seabridge Gold’s KSM project and the Brucejack and Snowfield projects of Pretium Resources • Vision • flexible in that we are commodity (Au, Ag) driven first, and model driven second. We modify our model as new data are received.

5. Brief Eskay History 1900: Unuk River Mining & Dredging Company drives adits at Cumberland claim. 1932:Eskay Creek property first prospected by Tom Mackay. 1980: Du Pont of Canada and E&B Explorations conduct regional heavy mineral stream sediment surveys in Mt. Madge, Sulphurets Ck. and Unuk R. areas. 1986 - 1990: Kenrich Mining & Ambergate Explorations acquire most of Corey claims and perform basic assessment work. Companies merge in 1994. 1988:Murray Pezim agrees to finance drilling at Eskay Creek. 1989: Calpine Resources drills 27.2 g/t Au and 30.2 g/t Ag over 208 m in DDH 109 at Eskay Creek 1989-1991: Extensive drilling at Lulu zone amid frenzy of Eskay Creek discovery. 1991: Placer Dome performs mapping, soil sampling and geophysics on C-10.

6. Brief Eskay History 1993-1996: Continued exploration by Kenrich. Drilling at TV and Sheila Ck. showings. 1994:Eskay Creek mine commences production. 2001/2002: Heritage Explorations commences work with compilation, validation, interpretation, modeling and targeting followed by mapping, drilling (SIB) and stream sediment sampling. Highlights: 24 m @ 10.8 g/t Au, 766.15 g/t Ag at Lulu & several stream geochemistry anomalies are identified including the Hexagon Zone 2003: Re-interpretation of geology, SIB modeling followed byprospecting, sampling, mapping and drilling at SIB & Hexagon zone. Large alteration zone identified at Hexagon and 2 m @ 8.09 g/t Au drilled at Southern Hexagon Zone. 2004/2005:Detailed time domain airborne electro-magnetics survey. Drill test highest priority EM targets. Further mapping at Hexagon zone. 2008: Kenrich-Eskay Mining options SIB property from St. Andrew Goldfields. Drills three holes at SIB. 2010: Eskay Mining drills five holes on the SIB property.

7. People: Directors and Officers Hugh M. (Mac) Balkam, President/CEO, Director - Mr. Balkam served 13 years with the RCMP, many of those involved in the investigation of stock market related fraud. In 1981, he become a financial consultant with a major brokerage firm, where he managed investments for retail clients. Since 2004, Mr. Balkam has been involved in raising venture capital and consulting for junior mining companies. In that capacity, he served as a consultant for the Company, assisting in it's past capital raising and market awareness programs. Mr. Balkam holds a BA from the University of Toronto. Bryon Sievert, Chief Financial Officer - Mr. Sievert is responsible for all accounting, financing, budgeting and reporting functions. With more than thirty years of accounting, tax and corporate finance experience, he brings to the Eskay team special expertise in small cap equity transactions, initial public offerings, as well as strong relationships within the Toronto capital markets community. He was the initial auditor of Aur Resources, subsequently taken over by Teck Corporation, and a number of other junior mining companies. Mr. Sievert has a Bachelor of Commerce degree and is a CA Robert Myhill, Director, Audit & Compensation Committees - Mr. Myhill is the CEO and Chairman of ThinDesk Inc. and is a director of six private companies operating in transportation and venture capital. From 1976 to 1984, he was President of national companies within Southam Inc. Group and Jim Pattison Industries. From 1991 until 2006, he was the President of Canadian Investors Corporation, an investment company focused on financing corporate re-organizations. He is a CA and has an HBA and MBA from the Ivey School of Business Administration. J. Gordon McMehen, Compensation & Audit Committees - Mr. McMehen is co-founder and Chairman of Conundrum Capital Corporation, a private equity real estate fund management firm.. Previously, Mr. McMehen served as Exec. VP, COO, and director of Central Park Lodges Ltd., a pre-eminent senior housing provider. Mr. McMehen practiced corporate and commercial law from 1978 to 1998, at Gardiner Roberts specializing in mergers and acquisitions, corporate structure and finance. He is a member of the Law Society of Upper Canada. Doug Chalmers, Audit Committee - Mr. Chalmers founded his own construction company in 1973, Doug Chalmers Construction, which grew to over 550 employees over 30 years specializing in civil construction primarily in the petrochemical industry. DCC was acquired by a subsidiary of US-based, First Reserve Corp. in 2007. Mr. Chalmers is the former chairman of the Ontario General Contractors Assoc. and the Council of Ontario Construction Assoc. and is currently serving as a board member of the Sarnia Construction Assoc., the Ontario General Contractors Assoc. and the Council of Ontario Construction Associations. His extensive entrepreneurial experience will be a tremendous asset to the company.

8. People: Technical Advisory Team Mr. Chet Idziszek, M.Sc., P.Geo - was the Northern Miner’s 1990 “Mining Man of the Year” and won the PDAC’s "Prospector of the Year Award for 1994" in recognition of the major role he played in the discovery and development of the Eskay Creek deposit. He also served as director of Arequipa Resources Ltd., which discovered the Pierina gold deposit that was subsequently acquired by Barrick Gold Corp. in mid-1996 for more than $1 billion and is currently president of Oromin Explorations Ltd.. Mr. David Mallo, B.Sc., P.Geo - Mr. Mallo has over 20 years experience as an exploration geologist and is currently VP Exploration for Oromin Explorations Ltd. Mr. Mallo began his career as a geologist with Gold Fields Mining Corporation. Other working experience includes geological positions with Prime Resources Ltd., Adrian Resources Ltd. and Madison Minerals Inc. While with Prime Resources, Mr. Mallo was an integral part of the geological team responsible for exploration of the Eskay Creek deposit. He has a B.Sc. degree in geology from Brandon University. Dr. Joanna Ettlinger, MAusIMM- Dr. Ettlinger has over 12 years of experience in mineral exploration and resource development in New Zealand, Australia and Canada. She is currently VP Exploration for Monster Mining Corp. Dr. Ettlinger served as Senior Exploration Geologist for Copper Ridge Explorations Inc, and as Yukon Exploration Manager for Golden Predator Canada Corp. Her expertise includes the design and implementation of mineral exploration and ore definition programs in sub-arctic regions and hydrothermal fluid chemistry in orogenic gold systems, which was the topic of her PhD dissertation

9. Property: 130,000 acres

10. Property: Neighboring Giant Ore Deposits 995 g/t Au, 167 g/t Ag 995 g/t Au

11. Search for Eskay II 1.6% Cu 15.0% Zn 6.4% Pb 49.9 g/t Au 5,980 g/t Ag Eskay Creek-age mineralization at Cumberland & Smitty zones: Cross section through the Eskay Creek deposit (modified from Roth, 2002) • 4.0 g/t Au, 68 g/t Ag, 0.4% Cu, 6.7% Zn over 7.7m

12. Search for Eskay II Relook at field samples and drill core with a critical eye for Eskay alteration and mineralization Eskay Mine Aftom 18 West Bonsai Lance Sibs AP North Tarn Tarn Polo Unuk 1 TV Remodel geophysics incorporating new geologic data

13. Expanded Search for Gold & Silver Deposits Spearhead (behind ridge) Red Lightning HSOV Mt. Madge C10 South Unuk area

14. Expanded Search for Gold & Silver Deposits • C10 zone: • CR05-17 returned 99.4 g/t Au over 1.5m with V.G.

15. For Example: C10 Zone – Bulk Minable Potential? • A second Look: • Long intervals of anomalous Au mineralization • No apparent stratigraphic control • Non-Eskay stratigraphy • Outside Eskay Rift • Missing elements of Eskay-related alteration

16. For Example: C10 Zone – Bulk Minable Potential? Proximal Gold Resources CategoryMtAu, g/t Kerr M + I 241.2 0.25 Sulphurets M + I 199.3 0.63 Mitchell M + I 1,747.1 0.61 Iron Cap M + I 361.7 0.44 Brucejack M + I 297 0.86 Snowfield M + I 1,370 0.59 C10-CR05-17 Drill Hole 121.3m 0.20 C10-CR06-31 Drill Hole 74.4m 0.26

17. Priority Targets in 2011 • SIB (St. Andrews Acquisition) • Complete property earn-in to 80% by expending ~$500,000 on exploration: • Diagnos generated targets • Hexagon zone and Mercury anomaly – Mira Geophysics • Corey (Eskay Mining Holdings – 100%) • Explore each known showing to determine any affinity to Eskay Creek, or other deposit types: • C-10 • Smitty-South Unuk • HSOV • Spearhead • Red Lightning • Diagnos generated targets

18. Ongoing Work Diagnos Inc. CARDS analysis of Eskay Mining Data – Initial results spring 2011 Mira Geophysics – geophysical modeling and target generation – spring 2011 Comprehensive data review and target verification by new technical team – spring/summer 2011 Re-logging of drill core from all showings on Corey - early summer 2011 & at Hexagon on SIB. Down hole and ground IP survey planning – summer 2011

19. Share Information Symbol: ESK - TSX Venture Exchange Recent Price: $0.145 52 Week High: $0.375 52 Week Low: $0.105 Shares outstanding: 86,600,111 Shares Fully Diluted*: 103,779,161 *at exercise prices from $0.25 to $0.45 per share

20. For Further Information Contact: Mac Balkam, Pres. & CEO – 416.907.4020 Thank You