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ProExplo, Lima - Per May 20, 2013

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Forward Looking Statements and Cautionary Notes


Except for the statements of historical fact contained herein, the information presented constitutes forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the
Company to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may
be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated and Inferred Resources:
This presentation uses the terms Measured, Indicated and Inferred Resources. U.S. investors are advised that while such
terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize
them. Inferred Resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic
and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category.
Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S.
investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or
legally minable.
The technical information contained in this presentation has been reviewed and approved by Warren Pratt (CGEO), a Director
of Sienna Gold, who is a Qualified Person as the term is defined in NI 43-101.

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Per: A Dominant Player in the


Global Mining Community
Mining Culture
and Tradition

#1 Gold producer in
Latin America
#6 Gold producer in
the World
#3 Silver producer
in the World

Barrick Gold Corp


Newmont Mining
BHP Billiton
Xstrata
Buenaventura
Hochschild
Gold Fields
Anglo American
Teck
Rio Tinto

#3 Copper producer
in the World
#3 Zinc producer in
the World
Source: U. S. Geological Survey USGS 2012

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Igor: Heart of the Northern Per Gold Belt


Yanacocha
Largest gold producer in Latin America
One of the most profitable gold mines in the world
691,000 ounces produced in 2012; $505/oz

Shahuindo (Sulliden)
Feasibility study completed
Production slated for 90,000 ounce/yr, 2014
Gold Eq resources: 5.4Moz

Yanacocha
Shahuindo
La Arena
Lagunas Norte
Pierina

La Arena (Rio Alto)


Jr. Mining success: $145MC/resource ounce
201,000 ounces produced in 2012
Gold resources: 6.1 Moz

Lagunas Norte (Barrick)


Largest gold discovery in the last decade
2013 (P) production of 560,000 ounces, $400/oz

Pierina (Barrick)
One of the principal gold producers in Per
2010 production: 191,000 ounces
Source: Company reports

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Igor Project Regional Geology

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Igor Project - Principal Lithologies


Quartz-sericite altered
dacite porphyry with stockwork
and sheeted veins

Folded and steeply dipping


Chimu Formation arenites and shales
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Igor Project: Mineralization


High-grade mixed oxide/sulphide silver
mineralization in drill hole CA-11-11:
195.9 to 196.5 metres grading 1.6 gpt
gold and 3995 gpt silver
(39 m @ 0.4 gpt Au and 230 gpt Ag)

Oxide gold/silver mineralization


in drill hole CA-11-06: 163.0 to
164.5 metres grading
6.3 gpt gold and 31.9 gpt silver
(11.3 m @ 3.9 gpt Au and 46 gpt Ag)

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Igor Project Deep Porphyry Potential


Sulfide matrix pebble dike with
clasts of altered porphyry

Pervasively quartz-sericite-pyrite
altered dacite porphyry

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Pre-2010 Drilling
Domo Exploratory
Drilling
631.00 m

Callanquitas
Igor 2007 - 2008
849.00 m

Tesoros Exploratory
Drilling
2763.20 m

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CA01b Assay Results: 2008 Discovery Hole


Interval
(m)

Depth (m)

Weighted Average
Au (g/t)

Ag (g/t)

Total

12.3 to 230.7

218.4

0.6

22.3

Best
Intervals

66.6 to 100.3

33.7

1.8

34.4

including 66.6 to 93.9

27.3

2.1

35.4

including 67.7 to 70.0

2.3

3.2

44.8

INCLUDING 86.9 TO 90.7

3.8

7.0

74.7

144.9 to 157.9

13.0

1.0

127.3

INCLUDING 145.2 TO 145.6

0.4

1.9

334.0

INCLUDING 154.4 TO 157.9

3.5

2.2

349.8

228.7 to 230.7

2.0

1.7

61.8

EOH

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Cu %

0.019

0.440

2010-2011 Drill
Campaign
Callanquitas
Domo

The objective of the 2010 2011 drill


campaign was to test the potential of
the Callanquitas near surface
epithermal gold silver
mineralization, open laterally and at
depth.
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Tesoros

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Igor Project
Callanquitas Structure
Access road showing
the extreme terrain
typical of the project

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Igor Project
Callanquitas Structure
Gold in historic rock
chip sampling guided
initial drilling
Note strong northsouth trend in high
grade samples

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Igor Project
Callanquitas Structure
Initial Drilling 2010
2011:2500 m showing
mineralized intersections in
CA-10-01 to CA-11-05

The drill holes help define a


north-south mineralized zone

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Igor Project
Callanquitas Structure
2010-2011 drilling &
sampling shows a
north-south mineralized
zone, about 1.2 km long
and 100-200 m wide

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Igor Project
Callanquitas Structure
A total of 1808.7 m was
drilled in three additional
holes to test the new
geological model

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Igor Project
Callanquitas Structure

Note consistent grade


and width along the
length of the structure

900 meters

Eight key drill holes (a


total of 4235 m) and
significant intercepts

CA-11-07
10.3 m @ 4.2 g/t gold
and
39.3 g/t silver

CA-11-08
3.85 m @ 13.1 g/t
gold and 2112.7 g/t
silver

CA-10-02
CA-11-05

8m @ 1.8g/t gold
and
21.1g/t silver

24 m @ 0.8 g/t gold


and
134.9 g/t silver

CA-10-06
11.3m @ 3.9g/t gold
and 45.4 g/t silver

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Igor Project
Callanquitas Structure
Gold results from recent
samples along the
Callanquitas Structure
Gold up to 61.4 g/t (1.97
oz/t) and silver values up to
1019 g/t (32.76 oz/t)

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High Grade
Surface,
Channel
and Adit
Samples

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Igor Project
Callanquitas Structure

Exploration to date:
73 drill holes on 50
m spaced sections
for a total of 19,159
metres

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Igor Project
Callanquitas Structure

Significant
intercepts
Plan view

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Igor Project
Callanquitas Structure
SECTION NW4690
Currently contains seven
scissorholes:

CA-11-08
CA-12-29
CA-12-30
CA-12-31
CA-12-43
CA-12-44
CA-12-68

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Igor Project
Callanquitas Structure

Section NW 4690 shows excellent


vertical continuity with
mineralization extending over 400 m
Local zones of higher grade
mineralization may define specific
clavos: 3.1 metres grading 38.5 gpt
gold and 194 gpt silver in drill hole
CA-12-30
Thickness of mineralized zones may
allow for low cost mechanized
underground mining

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Resource Estimate Highlights

Inferred Mineral Resource Estimate of 7.2 million tonnes grading 1.94 grams per
tonne (g/t) gold and 71.8 g/t silver, which equates to 3.16 gold equivalent (Au Eq*)
g/t using a cut-off grade of 1.5 Au Eq* g/t
Approximately 448,500 ounces of gold and 16,600,000 ounces of silver which
equate to approximately 730,500 Au Eq* ounces
The Callanquitas Structure remains open along strike and at depth

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Callanquitas Resource Estimate


Cut-Off
Au Eq (g/t)

Tonnes
(kt)

Au Eq
(g/t)*

Au
(g/t)

Ag
(g/t)

Contained Au Contained Ag
(koz)
(Moz)

Contained Au
Eq (koz)*

0.5

11,291

2.39

1.47

53.8

535.0

19.5

866.9

9,486

2.70

1.67

60.5

508.6

18.4

822.1

1.5

7,189

3.16

1.94

71.8

448.5

16.6

730.5

5,460

3.61

2.19

83.7

384.6

14.7

634.3

2.5

3,992

4.11

2.45

98.2

313.9

12.6

528.1

2,730

4.75

2.73

119.1

239.4

10.5

417.1

*Au Eq = Au + (Ag*0.017) based on a gold price of US$1500/oz and a silver price of US$25/oz (a ratio of 60:1)

Please see : Technical Report on the Callanquitas Structure, Igor Mine Project, Northern Peru, South America, NI 43101 Technical Report dated 14 December, 2012. The technical report has been filed on SEDAR and is available on
the Companys web site. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
There is no certainty that all or any part of the mineral resource will be converted into mineral reserves .

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Callanquitas Long Section

Open
Open

Open

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8 km of
untested
structures
Note area
occupied by
current resource
versus untested
ground

900 m

Igor Exploration Potential

Domo
Callanquitas

Tesoros

Callanquitas Step-out

Portachuelo

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Discovery Cost

Total Expenditure (Administration and Exploration)


to Define Targeted 730,000 oz Gold Equivalent
Inferred Resource:

Approx US$10MM

Discovery Cost per oz Gold Equivalent ~ US$14


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Callanquitas Structure Development Potential

Topography favors simple ramp to bottom of deposit, potential low Capex


Low cost, underground mining possible

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Callanquitas Structure Development


Potential

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Highly oxidized AuAg mineralization


Competent HW and
FW may allow low
dilution UG mining

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Sienna Gold: The Path Forward


Commence 20,000+ metre staged drilling program:

Drill Callanquitas Structure area for resource expansion


Test South extension of Callanquitas Structure, expand resource to south
Begin drill evaluation of Domo and Tesoros targets
Second Phase drilling to begin late 2013

Begin focused community enhancement program, sustainable engagement


of all stakeholders
Aggressive marketing: Define the Sienna story with measurable benchmarks
Timeline:
Update Project resource estimate, Q4 2013
PEA H1 2014

Goal: Deliver results on time, build the resource, establish economics - a


proven formula for wealth creation
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Key Value Drivers


New, experienced management team who can execute
the formula for success
High quality project, poised for resource expansion, with
the potential for a low-Capex, low-cost, production profile
Excellent jurisdiction: Prolific production in a country
with mining tradition. Three projects approved in last
quarter alone
Strong Board support and knowledge of working in Per

Sienna poised for significant revaluation in the market


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Contact info:
Suite 1500 701 W. Georgia St,
Vancouver, B.C.
Canada V7Y 1C6
Office: +1-604-601-3441
Contact: Kimberly Ann, VP Corporate
Development
+1-530-414-4400
Kimberly.ann@siennagold.com
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Management Biographies
Mr. Brian Maher, President, CEO and Director:

Mr. Maher is an economic geologist with over 34 years of experience in the international mining and
exploration industry. Most recently, Mr. Maher was the President, CEO and Director of Prodigy Gold Inc. Mr. Maher received his BA degree (Geology) from the
California State University, Chico in 1980 and his MSc. degree (Economic Geology) from Colorado State University in 1983. In 1982, Mr. Maher began a 16-year career
with ASARCO Inc. Mr. Maher initiated, designed and supervised exploration programs for gold and copper deposits in a variety of geologic environments throughout
North and South America. From 1998 through 2002, Mr. Maher operated a successful geologic consulting business, emphasizing geologic modeling, resource
estimation and business planning, to multiple junior, mid-size and large mining organizations. Between 2002 and 2004 Mr. Maher was Project Manager for Metallic
Ventures Gold Inc., supervising underground and surface exploration, mine development and operations at an underground gold mine in Nevada. In 2005, Mr. Maher
joined Hochschild Mining PLC. At Hochschild, Mr. Maher was involved in all aspects of the company's North American exploration program, serving as the Exploration
Manager for the US, Canada and Mexico. Responsibilities at Hochschild included supervision of exploration and mine development programs, economic analysis of
acquisition candidates and developing new corporate strategies.
Mr. Tony Wood, CFO: For over fifteen years Mr. Wood has held executive positions in finance and operations with a number of publicly traded international
mining and exploration companies. Most recently, Mr. Wood was CFO for Prodigy Gold Inc., helping the company grow from a $25M market cap company to an
eventual buy-out by Argonaut Gold for $341M. Diverse expertise in all aspects of compliance, corporate governance and operations, Tony's experience covers projects
in North and South America and Europe, across a wide range of targets that include precious and base metals, diamonds and uranium. His past roles have
encompassed responsibility for planning and execution of mining and exploration projects, the development of corporate cultures that embrace strong financial and
regulatory compliance and he has been a key component in corporate development and financing activities. Mr. Wood received his Chartered Accountant designation
while with KPMG, in the City of London and then again in Canada, having previously attained a B.Sc. (Honours) in Management Sciences from Lancaster University,
England, in 1989.
Ms. Kimberly Ann, Vice President - Corporate Development: Ms. Kimberly Ann is a corporate development and communications specialist with
over 20 years marketing experience in branding, investor relations and finance. In the past three years, Kimberly Ann has assisted in raising over $90M in equity
financing and directed three major junior mining rebranding projects. While at Prodigy Gold, Kimberly Ann was responsible for all aspects of the company's corporate
communication program, facilitating equity financings, generating analyst coverage, participating in key aspects of corporate M&A activities and generating widespread
recognition of the company's successful transition from explorer to mine developer. Kimberly Ann has broad experience in coordinating and leading road shows,
managing portfolio manager and analyst contacts, and building company recognition by presenting concise, growth-oriented business plans. Kimberly Ann attended the
University of Washington, majoring in Business and Marketing
Owen D. W. Miller, PhD, Exploration Manager: Graduate of Aberdeen University (BSc Geology and Mineralogy, 1989; PhD on precious and porphyry
copper mineralization in North Wales, 1993). Based in Latin America since 1994, Dr. Miller acquired extensive experience in epithermal and porphyry style systems with
such major companies as Newcrest, MIM, and Barrick. In 2000 he set up his own consulting company specializing in project evaluation and the application of GIS and
database technologies to the exploration industry. After consulting for a year he joined Sienna fulltime in 2011.

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Director Biographies
Mr. Jorge Benavides, Chairman of the Board of Directors:

Mr. Benavides has over 30 years experience in the mining industry and is
currently President, CEO and Director of Zincore Metals Inc, a Peruvian-focused base metal exploration and mine development company. Prior to joining
Zincore , Jorge was an independent consultant and Senior Advisor to the Chairman of Hochschild Mining PLC. He was with Hochschild from 2001 through
2008, guiding the Company's exploration programs and was a key member of the senior executive team that oversaw Hochschild 's rapid growth into one of
the world's premier silver mining companies. Prior to Hochschild, Jorge spent eight years working for Phelps Dodge Mining Company in South America,
including serving as Exploration Manager for the Andean Region. Jorge is currently on the Board of Directors of ECI Exploration and Mining Inc. and
Pembrook Mining Corp., both private Canadian exploration companies. Mr. Benavides holds a M.Sc. in Ore Deposits and Exploration from Stanford
University and a B.Sc. in Geological Engineering from the Colorado School of Mines.

Mr. Brian Maher, President, CEO and Director: See management bio.
Luis-Felipe Arizmendi E.: Mr. Arizmendi

former Chairman and CEO of Grupo Privado de Inversiones Valores S.A., a Peruvian investment
banking firm where he was responsible for the funding and support of Sienna in its last three financings. He brings a thorough understanding of the
investment and banking side to the Board of the Company, and joins the Company with a view helping to solidify the Company's capital structure and
moving the Igor Project through feasibility to production. At the present time he is also Chairman of the Board of the Peruvian Brokers Association (ASAB
Peru),as well holding senior positions as advisor and board member of many societies in Peru .

Rafael E. Romero, Romero Group:

Rafael E. Romero, was born and raised in Peru and was educated in North America, at Northeastern
University. He is presently a senior executive and bank officer at Credicorp (NYSE: BAP) with experience in loans and new projects analysis as well as
expertise of the import/export business. Mr. Romero currently manages that bank's personal banking department. He brings over 19 years of experience in
Peruvian banking plus other related businesses as part of the Romero Group of companies where he has helped form of several successful companies

D. Richard Skeith, Lawyer, Norton Rose Canada:

Mr. Skeith has over 30 years experience as a solicitor advising a variety of private and
public corporations. In addition he has been or is currently a director or officer of a number of public and private companies in the oil and gas exploration and
development and services sectors, in mining, biotechnology, real estate and telecommunications.

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Director Biographies
Warren Pratt, PhD, CGeol.:

Bilingual Consulting Geologist (BSc Geology Hull, 1986; PhD Structural Geology, University of Wales, 1990). Strong
mapping background and in 1994 won the President's Award of the Geological Society of London for detailed thematic mapping. Extensive International
experience. In recent years he has consulted at several World Class discoveries, including La Bodega (Ventana Gold, Colombia), Regalito (Lumina, Chile), El
Galeno (Lumina, Peru), Navidad (Pan American Silver, Argentina), and.Taca Taca (Lumina, Argentina).

Andrew S Burgess, Chairman Audit Committee:

Mr. Burgess has a B. Comm (Hons) degree from the University of Manitoba and is a
Chartered Accountant (Alberta) and Certified Public Accountant (Illinois). He has been director and officer in several listed mineral exploration and mining
companies including Consolidated Brinco Ltd., Western Canadian Mining Corporation, Sulphurets Gold Corporation, Dominion Explorers Inc., Ecstall Mining
Corporation, United Tex-Sol Mines Ltd., Sienna Gold Corporation and Spectrum Mining Corporation. These companies have been involved in the mining of
asbestos and coal and the exploration for Cu, Au, Pb, Ag and REE. Projects include the Quinsam coal mine, the Kerr/Sulphurets Cu/Au porphyry deposit, the
Croinor Au deposit, the Akie sedex hosted Pb-Zn deposit, the Clavos Au deposit, and the Wicheeda REE deposit.

Declan B. Livesey, P. Eng., PhD.:

Independent Engineering Consultant (PhD Mining Wales, 1974). Dr Livesey has over 30 years experience in the
mining and oil and gas industries. He has held a number of management positions within major resource companies including VP Operations and Engineering
with a major US corporation.

Charles Littlejohn, JD.::

Mr. Littlejohn graduated from the University of Western Ontario in 1969 with a Bachelor of Arts degree. He also holds a law
degree (J.D. cum laude) from the Southern California Institute of Law. Over the past 40 years he has been a founder and director of numerous companies,
including a mutual fund management company. He has also taught classes in International Law at a California law school. He has a keen interest in geology,
with considerable experience in PGE metals plus gold and cobalt deposits in Northern Ontario. He is a major shareholder of Sienna Gold, Inc. and has raised
hundreds of thousands of dollars for the companys exploration programs.

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