1. 111 TSXV: SRD October 5, 2011 Exploration in Peru's Emerging World-Class Copper Belt

2. 122 Forward-Looking Statements This 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. 2

3. 133 Peru’s Emerging Copper Belt 3  Tintaya (120,000 tpy Cu in cathode and concentrates)  Antapaccay (1,470 mt resource @ 0.51% Cu)  Las Bambas (1,550 mt resource @ 0.61% Cu)  Haquira (570 mt @ 0.64% Cu M&I plus 406 mt @ 0.58% Inf.)  Constancia (480 mt P&P @ 0.33% Cu, 0.04 g/t Au, plus Mo)

4. 144 Company Profile  TSXV-listed mineral exploration company  Active solely in Peru since 2003  Three key projects:  Alicia (copper-gold), 55% interest with option to earn 100%, 5,000-metre drill program planned  Letra Rumi South (copper-silver), 100% owned, drill targets selected  Culebrilla (gold-silver), 100% owned 4

5. 155 Share structure Shares outstanding 50,661,786 Warrants19,390,359 Options 3,700,000 Reserved for Alicia option 400,000 Fully diluted (~$4.0 million proceeds) 74,152,145 5

6. 166 Strategy  Early stage exploration  Highest potential reward  Focus on Peru  Favourable geology, economy, mining culture  Develop pipeline of projects, adding value through exploration  Alicia Project top priority in 2011 6

7. 177 Project Locations  Alicia Project  Cusco Region  500 km SE of Lima  Letra Rumi South and Culebrilla  Ancash Region  250 km N of Lima 7

8. 188 Peru’s Emerging Copper Belt 8  Tintaya (120,000 tpy Cu in cathode and concentrates)  Antapaccay (1,470 mt resource @ 0.51% Cu)  Las Bambas (1,550 mt resource @ 0.61% Cu)  Haquira (570 mt @ 0.64% Cu M&I plus 406 mt @ 0.58% Inf.)  Constancia (480 mt P&P @ 0.33% Cu, 0.04 g/t Au, plus Mo)

9. 199 Alicia Project  Community agreement in place  Environmental, sociological, archaeological baseline studies completed  Category 2 drill permit pending  Geophysical surveys completed – ground IP; airborne mag, radiometric and ZTEM  Detailed mapping and sampling ongoing  Drilling – 15-hole, 2,000-metre reconnaissance campaign completed; 5,000-metres planned 9

10. 110 Alicia Project, drilling at Zone 7

11. 111 26-sq-km Concession 11 Area of Interest Good Access View of access road. Photo taken from Alicia property.  65 km south of city of Cusco  Existing road to the property Property boundary

12. 112 Two key thresholds 12  Is the system mineralized? Drilling confirms robust values  Is there potential for size? Mapping and rock sampling identified an 800m long north-west south-east trending mineralized zone in porphyry Soil sampling to the west and northwest of this zone identified a copper anomaly defined by >500ppm Cu over 1,400 x 640 metres

13. 113 Alicia Area of Interest, 2010-11 drilling drilling

14. 114 Drill highlights, northern contact

15. 115 Alicia Project, Drill Results 15  Hole ALC10-04 - 25.7m (20.4m, TW) - 1.26% Cu, 0.14 g/t Au  Hole ALC10-05 - 33.0m (21.2m TW) - 1.27% Cu, 0.13 g/t Au - ended in mineralization - bottom 5.1m returned 2.17% Cu, 0.21 g/t Au

16. 116 Alicia Project, Drill Results 16  Hole ALC10-08 - 129.5m (94.3m TW) - 0.33% Cu, 0.04 g/t Au  Includes 50.5m (37.2m TW) @ 0.64 Cu, 0.08 g/t Au

17. 117 Alicia Project, Drill Results 17  Hole ALC11-17 - 198m @0.16% Cu, 0.02 g/t Au - includes 18m @ 1.20% Cu, 0.15 g/t Au  First hole drilled by Strait into the intrusive, indicates potential of the porphyry.

18. 118 Plans for Alicia  5,000-metre drill program – Test geophysical anomaly on northern contact at depth – Test porphyry potential based on results of airborne geophysics  Mapping, sampling on balance of property 18

19. 119 Other projects: Letra Rumi South and Culebrilla  Both projects ~250 km north of Lima:  Letra Rumi South (copper-silver)  Culebrilla (gold)  100%-owned by Strait Gold  Nominal holding costs  Letra Rumi South – ready to drill  Culebrilla – good surface showings, largely unexplored, followup required 19

20. 120 Management and Directors Jim Borland, President and Director – Previously BMO Nesbitt Burns, Blue Pearl Mining (now Thompson Creek Mining), Anvil Mining, Glencairn Gold (now B2Gold) 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 William R. Johnstone, LLB, Secretary, Director – Partner Gardiner Roberts LLP Roger Moss, PhD, P.Geo., Director* – Consulting geologist 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 20

21. 121 Summary  Grassroots exploration strategy, Peru focus  50.6 million shares out, 74.1 million FD  Drilling at Alicia copper-gold project – excellent porphyry and skarn potential  Letra Rumi South property drill ready  Multiple targets to test on Culebrilla gold property 21

22. 122 18 King St. E., Suite 1203, Toronto, ON M5C 1C4 www.straitgold.com Jim Borland, President 416-223-9970 jborland@straitgold.com