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Strait Gold’s Alicia Copper-Gold Porphyry-Skarn Project in Peru:

A Major Discovery in the Making?

May 27, 2010May 27, 2010

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Forward-Looking StatementsThis presentation document contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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Company Profile

TSXV-listed mineral exploration company

Operating solely in Peru

Three active projects: Alicia (copper-gold) Letra Rumi South (copper-silver) Culebrilla (gold-silver)

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Management and DirectorsJim Borland, President and Director – Previously BMO Nesbitt Burns,

Anvil Mining, Glencairn Gold, Blue Pearl Mining

Graham Desson, CA, CFO – Previously Western Goldfields, Silver Bear Mining, Slater Industries

John Gammon, PhD, Director** – Retired Ontario Assistant Deputy Minister of Mines; previously Falconbridge Exploration Manager, Europe

Austin Gulliver, Director** – Dean of Science, Brandon University, Manitoba

William R. Johnstone, LLB, Secretary, Director – Partner Gardiner Roberts LLP

Roger Moss, PhD, P.Geo., Director* – President Los Andes Copper

John Postle, P.Eng., Director** – Independent mining consultant

Frank van de Water, CA, Director** – CFO Zaruma Resources *Qualified Person for the disclosure of this presentation**Independent 4

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Strategy

Early stage exploration Highest potential reward

Focus on Peru Favourable geology, economy, mining culture

Build pipeline of projects, adding value through exploration

Top priority 2010 – drilling at Alicia Project

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Share Structure

Shares outstanding 27,010,436

Warrants 2,188,400

Incentive Options 2,145,000

Fully diluted 31,613,836

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$2

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GVG SRD GLL EXP ALT IPR FCV DRV AMG CN

Mark

et

Cap

(m

illi

on

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Market Capitalization Selected Exploration Companies in Peru

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Peru – A Mining Country Fifth largest gold producer in the world

First in silver, third in copper

Second lowest country risk in South America after Chile*

Established and consistent legal framework – Free Trade Agreement with Canada, 2008

“Elephant” Country Tintaya, Las Bambas (Xstrata) Yanacocha (Newmont, Minas Buenaventura) Growing list of other world class mines/projects

* S&P, Fitch and Moody’s , April 2008 8

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Project Locations

Alicia Project Cusco Region 500 km SE of Lima

Letra Rumi South and Culebrilla Ancash Region 250 km N of Lima

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Alicia Project 26-sq-km property 60 km south of city of

Cusco Community agreement

in place Existing road to the

property Andahuaylis-Yauri

porphyry-skarn belt in southern Peru hosts multiple mines/projects

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Alicia Project

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Tintaya (Xstrata: current reserve of 78 million tonnes @ 1.1% Cu, 0.16 g/t Au after 25 years of production

Las Bambas (Xstrata: 1.1 billion tonnes @ 0.77% Cu)

Cotabombas (Panoro Minerals: 114 million tonnes @ 0.68% Cu, 0.38 g/t Au)

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Andahuaylas-Yauri Belt

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Alicia Project –Simplified Geology

Not true widths. Results are historical and should not be relied upon. 13

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Alicia Project –Trenching Highlights*Zone Trench Width (m) Cu (%) Au (g/t) Ag (g/t) Mo (%)

1 Iris 5 56.0 1.9 0.18 12.7 0.003

1 Iris 6 32.2 2.0 0.10 7.2 0.012

1 Iris 10 32.2 1.8 0.20 12.0 0.009

1 Iris 11 12.0 3.2 0.40 31.4 0.004

2 Huanca 9 16.4 1.8 0.22 7.0 0.013

3 Suraco 3 16.0 1.2 0.40 12.7 0.002

4 Suraco 1 20.2 1.7 0.94 10.9 0.002

5 Huanca 7 16.3 2.4 0.36 12.8 0.035

6 Huanca 3 14.9 2.0 0.39 16.7 0.001

7 Huanca 1 31.7 0.5 0.07 4.6 0.002

8 Huanca 5 20.0 4.9 0.42 29.2 0.009

8 Huanca 6 23.2 3.9 0.23 21.6 0.038

9 Iris 7 31.6 2.8 0.32 14.7 0.024

9 Iris 8 19.3 1.5 0.18 8.1 0.005

* Not true width. Results are historical and should not be relied upon. 14

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Alicia – SRD Chip-Sampling Results

Zone 1 10.0 m @ 0.99% Cu, 0.14 g/t Au, 5.54 g/t Ag 10.0 m @ 1.73% Cu, 0.22 g/t Au, 9.57 g/t Ag

Zone 1 Extension 5.5 m @ 2.17% Cu, 0.12 g/t Au, 6.23 g/t Ag 6.0 m @ 5.65% Cu, 0.95 g/t Au, 45.25 g/t Ag

Zone 5 16.5 m @ 2.35% Cu, 0.38 g/t Au, 15.1 g/t Ag

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Alicia Project – Extension Zone

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NE SW

Limestones

Garnet Skarn

Porphyry

Potential for more mineralized Potential for more mineralized skarn below the limestonesskarn below the limestones

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Summary Grassroots exploration strategy Peru focus 27.0 million shares outstanding Alicia Project

Option to earn 100% Large property – 26 km2

Similar characteristics to major deposits in the same metallogenic belt

Excellent copper and gold grades from early sampling

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TSXV: SRD

18 King St. E., Suite 1203, Toronto, ON M5C 1C4www.straitgold.com

Jim Borland, President416-223-9970

jborland@straitgold.com