Nevada Gold & Silver

Investor Presentation

August 2008 OTC BB:

PIED
 Cautionary Statement
The following presentation shall not be deemed to be an offer to sell, or an invitation of an offer to buy, the
securities of Piedmont Mining Company, Inc. An offer may only be made by a private placement memorandum
and offers will only be made to ‘accredited investors’ as that term is defined in Securities and Exchange
Commission Regulation D.

This presentation contains expressions of future expectations, projections and other forward-looking
statements. Those statements are based on management’s expectations, projections and beliefs, not historical
facts and are subject to risks, uncertainties, assumptions and other factors, which are beyond management and
the Company’s control, that could cause the actual results to differ from those contemplated by the
statements. These statements are only predictions and should not be construed as statements of material fact.
Actual results will vary from the projections, and such variances may be material. Assumptions regarding
future revenues are necessarily speculative in nature and should not be relied upon in making an investment
decision. When used in this document, the words ‘anticipates’, ‘may’, ‘can’, ‘believes’, ‘expects’, ‘projects’,
‘intends’, ‘likely’, ‘will’, ‘to be’ and similar expressions and other statements that are not historical facts are
intended to identify those assertions as forward-looking statements. Management believes that its
expectations are based on reasonable assumptions. However, any such statement may be influenced by factors
that could cause actual outcomes and results to be materially different from those projected or anticipated.

Forward-looking statements are subject to numerous risks and uncertainties. There are factors that could
cause actual results to differ materially from those in any forward-looking statement, many of which are beyond
the control of Piedmont, including economic and industry conditions such as the competitive environment,
unanticipated operating problems, accidents, gold and silver price declines, changes in political, social or
economic circumstances, variances in mineralization grades, labor relations, adverse weather conditions, the
risks of mineral exploration, adverse market conditions, the inability to raise sufficient capital to fund
exploration, regulatory uncertainties and risks, changes in tax and other laws, the risk of obtaining regulatory
approvals and permits. Actual results could differ materially from those expressed in, or implied by, any
forward-looking statement. There may also be other factors that cause results not to be as anticipated. No
assurance can be given that any of the events anticipated by the forward-looking statements will occur or what
impact they will have on Piedmont’s results and operations. Except as required by law, we are under no
2
obligation to any forward-looking statement, whetherAugustwritten
2008 or oral, that may be made as a result of new
What Sets Piedmont Apart?
 Exploring for gold and silver in Nevada –
the
best gold environment in the world
 Near major gold and silver producers
 $16 million tax loss carry forward
 Strong, experienced management
 Flexible and proactive business model
with minimal G&A expenses
 Undervalued relative to industry peers
3 August 2008
 Piedmont’s Unique Business Model

1. Earn majority interest by funding

exploration over 5 years or less

2. If exploration results not satisfactory, can

terminate agreement upon 30-days
notice

3. Work only with experienced and

successful exploration groups

4. Qualified people utilized only as needed –

do not incur costs of full time staff

4 August 2008
 Methodology
n Evaluate and select properties with good
potential for hosting significant gold and/or
silver deposits
n Enter into option and earn-in agreements only
with experienced and successful exploration
groups
n Highly skilled people are utilized only on as-
needed basis thereby minimizing G&A costs
n If exploration results are encouraging, we earn
into a majority interest by funding exploration
n If exploration results are not satisfactory, we can
5
terminate agreement upon 30-days notice
August 2008
 Gold Price History

6 August 2008
 Gold & Silver Price History
U.S. Gold -
Monthly

Silver - Monthly

7 August 2008
 Gold Price Outlook
 World mine production of gold continues to decline
 European Central Bank sales have slowed to a
trickle
 World governments continue to print increasing
amounts of paper money
 Demand for physical gold continues to increase in
the Middle East and Asia
 Reports of shortages of physical gold are now
surfacing with increasing frequency
 The gold market is a very inelastic market
 Gold prices should continue to increase over the
forthcoming years with intermittent corrections
8 August 2008
 Why Nevada?
 Nevada hosts the 2nd largest gold
environment in the world, after South
Africa
 Past production plus current resources
exceed 300 million ounces of gold!
 Good infrastructure; major gold producers
 Supportive of mining & exploration
 Accessibility - good road system
 No state income taxes
 Stable government
 The ‘Nevada Dividend’
9 August 2008
 Piedmont Mining Projects
Piedmont projects in relation
to gold and silver resources
Dutch Flat discovered in Nevada since Willow Creek
Gold 1930 Gold
Completed 2 drill 5,000 ft drill program
programs permitted, bonded and
Wide intervals of funded
$300,000 1st year
low grade gold at
shallow depth exploration program
Potential low cost fully funded
Drilling expected to
heap leach mine
Next drill program commence in Sept or
Fall 2008
PPM
Oct Gold
Drilling program
permitted/bonded
Trinity Silver Adjacent to sediment
9 sq.mi. of mostly private
hosted mercury
land
district.
Drill data from ~280 drill
NE striking faults
holes
intersect gold in
Shallow mineralization
sagebrush anomalies
Silver resource currently Source: Nevada Bureau Mines & Geology OF03-2
being compiled
10 August 2008
 Strategic Partners

 AuEx Ventures
 Miranda Gold Corporation
 Cordex Exploration Company /
Columbus Gold Corporation
 Gryphon Gold Corporation
 Carlin Gold Corporation

11 August 2008
 Exploration Project Pipeline
Phase 1 Phase 2 Phase 3

Evaluation & Exploration Drilling &

Agreement  Commence exploration Engineering
 Identify properties  Drill and analyze results  Drill out reserves
 Evaluate potential for gold  If results satisfactory  Engineering &
 If results not satisfactory metallurgical studies
and silver  Estimate reserves &
 Select promising preliminary economics
properties
Give 30-day notice to terminate
 Negotiate and sign
option/earn-in agreement
agreement
New
 Secure preliminary
Gold
funding Bullion
Proje
Mtn. Willo
ct 1
New w
Morg Dutch
Gold Creek Trinity
an Flat
Proje Silver
Pass
ct 2 PPM
New Pasco
Silver Proje
Cany
Proje ct
on
ct 1

12 August 2008
Life Cycle of Small Exploration
Companies

Valuation

Resource/
Reserve
compilation

Discover
y

Life of an Exploration Company Buyout

A B C D
Drilling for
Exploration Fill in & Developmen
Resource/reserve
& Drilling Definition Drilling t
Determination
& Production
Risk Profile: High Medium Low
Investment
1 - 3 years 2 – 4 years 2 - 4 years
Horizon:

13 August 2008
 Potential Economics

For an Open Pit Heap Leach Gold Operation

Reserve (# of oz): 500,000 1,000,000

Recovery (at 85%): 425,000 850,000
Revenue ($850/oz): $361,250,000 $722,500,000
Operating Costs
$218,875,000 $437,750,000
($515/oz):
Capital Cost: $30,000,000 $60,000,000
Pre-Tax Profit: $112,375,000 $224,750,000

14 August 2008
 Dutch Flat Gold Project
 Wide intervals of low grade gold mineralization at shallow
depths
 Potential low cost open pit mine
 Most likely heap leach extraction
 Working with Cordex Exploration and Columbus Gold

15 August 2008
 Dutch Flat Gold Project
 114 claims 11 miles west of Pinson & Turquoise
Ridge; 14 miles west of Twin Creeks
 Exploration managed by Cordex Exploration Co.,
run by Andy Wallace & John Livermore
 District with many old workings, placer gold
production & widespread indications of gold
 41 holes totaling 12,830 feet drilled across
swarms of quartz veins – most holes encountered
low grade gold
 Multiple vein swarms to be tested, open on 3
directions
 Best intercepts
● 145 ft averaging 0.021 ounces per ton
16 ● 160 ft averaging 0.011August
ounces
2008 per ton
 Willow Creek Gold Project

 Elko County
 Working with
Carlin Gold
Corporation

17 August 2008
 Willow Creek Gold Project
 30 miles northwest of Wells, Nevada
 Nearly 6 square miles covering 5 miles of
strike length on Roberts Mountain Thrust
 Favorable structures, rock types,
alteration, pathfinder elements and
intrusive dikes.
 Structurally controlled jasperoid outcrops
 5,000 ft. drill program permitted, bonded
and funded
 Drilling to commence in Sept/Oct 2008
18 August 2008
 Willow Creek Gold Project – Geology

19 August 2008
Willow Creek Gold – Alteration
Distribution

20 August 2008
 Willow Creek Gold – Alteration
Types

Silicification Sanding

21 August 2008
 Regional Data Sets Provide Clues
Data set identifies all
known Carlin style
belts

Snake Mountain Trend is unique

- it shares major
attributes of the producing belts

NURE Gold Correlation

With Trends

22 August 2008
 Trinity Silver Project
 Pershing County
 Working with AuEx
Ventures
 Small open pit silver mine
operated there for 2 years
in late 1980s
 Drilling data from ~280
drill holes
 Silver resource currentlyl
being compiled
 Shallow mineralization,
probably grades ~2 oz of
mostly silver sulfide per
ton

23 August 2008
 Trinity Silver Project
 6,906 acres, including 5,687 acres of fee land, 25
miles northwest of Rochester Silver, the largest
open pit silver mine in the U.S.; 10 miles east of
the 7-Troughs gold district
 2006 drilling program returned numerous
intercepts of 10 - 26 ounces of silver per ton
 Past production: 1.1 million tons of silver oxide
ore grading about 6 ounces of silver per ton
 Drilling data from more than 280 drill holes being
analyzed for compilation of silver resource on the
property

24 August 2008
 Sample of Silver Mineralization

25 August 2008
 PPM Gold Project

 Humboldt
County
 Working
with
Miranda
Gold Corp.

26 August 2008
 PPM Gold Project
 81 Unpatented Claims in north end of Battle
Mountain – Eureka Trend
 About 12 miles northwest of Twin Creeks, Turquoise
Ridge and Pinson gold deposits
 Northeast striking fault system intersects gold in
sagebrush anomalies
 Adjacent to sediment-hosted mercury district
 Near margin of shallow buried intrusive
 Gravity & magnetics surveys completed. Gold &
mercury in sagebrush surveys have refined drill
targets
 Permitted & bonded drilling program planned for
27 Fall 2008 August 2008
 Location of PPM Gold Project

28 August 2008
 Additional Projects – Highlights
Morgan Pass Pasco Canyon Bullion
Elko County Nye County Mountain
Working with Gryphon Working with AuEx Lander County
Gold Ventures Working with Gryphon
28 miles SE of Pequop / 14 miles NE of Round Gold
Long Canyon gold Mountain gold mine 21 miles SE of Battle
discoveries (largest U.S. open pit gold
Mountain near Cortez
Carlin type gold mine)
Hills & Pipeline gold
mineralization hosted in 23M+ oz of gold in this deposits
brecciated jasperoids Caldera – includes Gold In upper plate of Roberts
replacing limestones Hill, Jefferson & Corcoran
Mountain Thrust
17/24 holes drilled by Canyon gold deposits
Attempting to combine
Duval International in Surface rocks anomalous
this with neighboring
1985-86 intersected gold in certain pathfinder
properties
mineralization of 0.01 to elements
0.24 oz/ton Awaiting U.S. Forest
14 rock chip samples in Service permit for 2-hole
2008 assayed up to 0.14 drill program totaling
oz/ton 2,700 feet
29Currently in wilderness August 2008
 Management Team

 Lewis B. Gustafson – Vice President of

Exploration & Director
 Peter Ingersoll – Director
 Ralph W. Kettell II – Director
 Ian C. MacDonald – Director
 Robert M. Shields, Jr. – Chairman, President
& CEO
 Richard Rabbito – Advisory Board

30 August 2008
 Lew Gustafson – VP of Exploration &
Director
● BSE Degree, Princeton University
● MS, California Institute of Technology
● PhD Degree, Harvard University
● 45 years in mining & exploration
● Authored/co-authored 17 major geology publications
● Lived & worked in Chile, Australia, US with major mining
companies;
● Professor of Economic Geology for 6 years at Australian
National University in Canberra, Australia
● Society of Economic Geologists: Received Lindgren Award in
1962; Member, Editorial Board, 1970-80; Thayer Lindsey
Lecturer, 1973-4; Distinguished Lecturer in Applied Geology,
1989; Chairman, Committee on Geologic Mapping, 1989-
1993.
● Member, Advisory Committee, Nevada Bureau of Mines &
31 August 2008
Geology
 Robert Shields – Chairman, President &
CEO
● AB Degree, Geology, Dartmouth College
● PhD Degree, Geochemistry, Massachusetts
Institute of Technology
● MBA Degree, Stanford University Graduate
School of Business Administration
● Two years at NASA working on Earth Resources
Technology Satellite, late 1960’s
● Security Analyst, Paine Webber Jackson & Curtis,
mid-1960’s; Associate, Corporate Finance,
Morgan Stanley & Co., in 1970’s
● Founded predecessor of Piedmont Mining
Company, Inc. in 1980; 27 years experience
running exploration & mining company
32 August 2008
 Peter Ingersoll – Director

● BA Degree from Williams College

● MBA Degree from Harvard University Graduate

School of Business Administration

● 33 years as Financial Analyst on Wall Street,

primarily with Salomon Brothers & Lehman
Brothers; 46 years of experience

● 9 consecutive years – 1984 to 1992 - elected to

Institutional Investor Magazine’s All-Star Team
in Gold and/or Nonferrous Metals

● Formerly, Director of Getchell Gold & Stillwater

Mining
33 August 2008
 Ian MacDonald – Director
● Executive Director for Gold & Silver, Dubai Multi
Commodities Centre, Dubai, U.A.E.
● BA Degree, Business, Highbury College, UK
● From 1982-1998 with Credit Suisse – Manager of
Precious Metals Division
● Then Vice President & Manager of Global Precious
Metals at Commerzbank AG in NY
● Formerly Director of Billiton (UK) Ltd.; Director of
Gold Institute; Member of COMEX Division of New
York Mercantile Exchange
● 30+ yrs experience in precious metals trading and
investment banking
34 August 2008
 Ralph Kettell – Director
● BS & MS Degrees in Electrical Engineering from
Lehigh University
● Founder or founding partner of several natural
resource companies, including AuEx Ventures,
Nevada Sunrise, Concentric Energy and North
Range Resources
● Lead engineer in B-1B Electronic Warfare System;
Designed components for other warfare and
communications systems
● Involved in engineering & communications
projects for NASA, the Space Shuttle, Dept. of
Defense & International Space Station
35 August 2008
 Corporate Information
Preferred Shares 0
Common Shares Outstanding 67,632,000
Options 5,725,000
Warrants 10,300,000
Authorized Common Shares 200,000,000
Shares in Street Name 35,455,742
Stock Price Range $0.38 – 52-Wk
High
$0.08 – 52-Wk
Market Capitalization Low
$8.8 Million
$0.14 – Last
Stock Symbol PIED.OB
Close
Fully reporting company trading on the U.S. OTC Bulletin Board

36 August 2008
 Piedmont is Undervalued When Compared to
Peers

Company Symbol Exchange Market Cap 52 Wk High 52 Wk Low

ATNA
ATN TSE $41.8M $1.94 $0.51
Resources
AuEx Ventures XAU TSE $39.3M $3.05 $1.60

Gryphon Gold GGN TSE $22.9M $0.99 $0.33

Klondex Mines KDX TSE $27.8M $2.57 $1.21

Midway Gold MDW AMEX $69.4M $4.68 $1.38

Miranda Gold MRDDF OTC $19.8M $1.45 $0.35

U.S. Gold UXG AMEX $108.3M $7.19 $3.42

Piedmont PIED OTC $8.8M $0.38 $0.08

37 August 2008
 Recent Recommendations
 “Piedmont Mining: Announced acquisition of option on a
new property. Stock is cheap at $0.17” – Morning Notes,
Michael A. Berry, Ph.D 5/27/08
 “With PIED selling at around $0.20 and gold prices
currently depressed, we think this could be an opportune
time for our subscribers to be buying PIED” – J. Taylor’s
Gold & Technology Stocks 4/4/08
 “PIED now has the opportunity to acquire significant
positions at reasonable (“value/contrarian”) Discovery
prices. This is the key to great wealth creation and
establishment of a favorable reward to risk ratio” –
Morning Notes, Michael A. Berry, Ph.D 3/31/08
 “We think they [Miranda Gold Corp] are going to be
picked up by a senior company…that will probably
happen to Piedmont Mining Company, Inc. as well.” –
Roger Wiegand, Trader Tracks 4/4/08
38 August 2008
 Stock Symbol – OTC BB: PIED

www.piedmontmining.com

August 2008