TRANS-SIBERIAN GOLD PLC

TRANS-SIBERIAN GOLD PLC

30 June 2014Annual General Meeting

TRANS-SIBERIAN GOLD

TSG Company history• Established in 2000 • Listed on LSE (AIM) in November 2003 • AngloGold Ashanti subscribed for 29.9%

shares in 2004 and 2005, now 31.17%• UFG acquired 25% in February 2006, now

55.24%• Sale of Veduga and Bogunay for $40 million

in June 2007• Gold production at Asacha commenced in

September 2011• Asacha license extended in 2013 to

1 September 2018

ASACHA – Underground Mine

2011 2012 2013 Q12014

April 2014

May 2014

YTD2014

Mine development (metres)

3,481 4,124 2,672 867 302 306 1475

Ore extracted (tonnes)

34,537 127,646 185,573 48,682 15,708 17,152 81,542

TRANS-SIBERIAN GOLD

ASACHA Processing plant

2011 2012 20131Q

2014April2014

May 2014

YTD 2014

Ore processed (tonnes)

30,308 136,154 155,215 35,365 14,068 14,645 64,078

Gold grade (g/t)

9.35 6.54 6.29 7.05 7.01 7.22 7.08

Silver grade (g/t)

15.66 11.79 10.45 12.90 11.07 11.48 12.17

Gold recovery (%)

94.2 95.41 94.43 94.25 94.84 94.39 94.41

Silver recovery (%)

61.8 68.49 75.44 76.47 76.71 67.99 74.69

Gold in dore (oz)

7,833 27,920 29,666 7,431 2,994 3,225 13,650

Silver in dore (oz)

8,596 35,924 39,136 11,033 3,725 3,613 18,371

ASACHA Refining and sales

2011 2012 20131Q

2014April2014

May 2014

YTD 2014

Gold refined (oz)

6,539 27,588 29,670 6,057 4,200 1,723 11,980

Silver refined (oz)

7,189 35,110 39,026 8,785 6,209 2,015 17,009

Gold sales US$mill

11.7 43.9 43.3 7.6 3.8 4.2 15.6

Silver sales US$mill

0.2 1.0 0.9 0.2 0.1 0.1 0.4

TRANS-SIBERIAN GOLD

JORC Resource Estimate

• 11,000 metres drilled on Asacha’s flanks in 2012

• Resource estimate updated in 2013 by QG Pty Ltd shows the Company’s properties contain approximately 1.2 million oz. of gold and about 4.9 million oz. of silver. The estimate incorporates new data from mining development and accounts for mining depletion during 2013

TRANS-SIBERIAN GOLD

JORC Gold Resource as at 31 December 2013

PROPERTY

MEASURED +

INDICATEDOz (000)

MEASURED,INDICATED &

INFERREDOz (000)

GRADEg/t

(Au equiv.)

CUT-OFFg/t

Asacha 567 868 20.0 4.0

Rodnikova 137 347 8.0 4.0

TOTALS 704 1,215 - -

Asacha mine

• Average monthly output of more than 15,000 tonnes of ore in 2013 and more than 16,000 tonnes of ore in 2014 ensures continuous operation of the plant

• Processing plant throughput averaged 12,935 tonnes per month in 2013 and more than 14,000 tonnes per month in March-May 2014

• The main operational issue is high dilution, reducing the grade of ore. However, in 2014 the situation has been steadily improving

Asacha mine in operation

Low grades and dilution at underground mine

Main measures taken in 2012-2013

• Blasting scheme revision (shallow hole blasting where appropriate, reduced diameter of drill holes, etc.)

• Stoping methods chosen thoroughly for areas of fractured rock

• Additional support introduction• Appropriate equipment

purchased• Experienced personnel hired• Working schemes optimised

Main improvements

• Dilution steadily improved: January-May 2014 – 53.7%, January-May 2013 – 62.6%

• Dilution in March 2014 was 47.2%, the best monthly figure in 2013/2014

• Gold grades for January-May 2014 were 7.08 g/t; for the same period of 2013 – 6.41 g/t

Commissioning of objects at site

TRANS-SIBERIAN GOLD

Key facilities commissioned in 2013:• Processing plant• First phase of the tailings storage facility with sludge pipeline• Water supply network• Fuel storage facility (including fuel tanks and pipelines, refuelling station and lubrication oils storage)• Cold storage facilities

Key facilities commissioned earlier:• Cyanide storage• Explosives storage• Power unit and power supply system• The camp

Underground mine, including the mine ventilation unit, is a priority for commissioning in 2014-2015

Loan restructuring

• Between September 2011 and midyear 2013 US$16.5 million of the US$43 million loan facilities were repaid

• US$26.5 million (due to be repaid by midyear 2014) rescheduled, now to be repaid by the end of 2018

• US$1.3 million due for repayment in 2014

Negative events at the site

• A fatal accident in the plant on 22 February 2014

• Rockfalls in February- March 2013, due in part to the earthquake on 1 March 1 2013

Rodnikova Deposit

• Federal authorities prescribed the implementation by April 2014 of two provisions of the Licensing Agreement:– Finalisation of the design

documentation– Commencement of work at the

deposit• The pre-feasibility study finalised in

2013 indicated that exploitation of the deposit would not be economically justified because of the low gold prices

• In May 2014 the Company applied to the Russian federal authorities for a license extension to evaluate the cost-effectiveness of various technical solutions

TRANS-SIBERIAN GOLD