Dutch Gold Resources, Inc. Developing Resources Preparing for Production Leveraging Assets Company Presentation March 2011 DGRI:OTCQB

Safe Harbor Statement Certain of the statements made in this Presentation may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of These forward-looking statements or information include, but are not limited to statements or information with respect to financial disclosure, estimates of future production, the future price of gold, estimations of mineral reserves and resources, estimates of anticipated costs and expenditures, development and production timelines and goals and strategies.We have made numerous assumptions about the forward-looking statements and information contained herein, including among other things, assumptions about the price of gold, anticipated costs and expenditures and our ability to achieve our goals. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward- looking statement or information will prove to be accurate. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Such risks, uncertainties and other factors include, among others, the following: gold price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Annual Information Form 10K and subsequent quarterly reports. Should one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements and information. Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actual results, performances, achievements or events to not be as anticipated, estimated or intended. Also many of the factors are beyond our control. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipate in such statements. Accordingly you should not place undue reliance on forward-looking statements or information. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in the United States. 2

Cautionary Note to US Investors All forward-looking statements and information contained in this presentation are qualified by this cautionary statement. Cautionary Note to U.S. Investors: Mineral Reserves and Mineral Resources - The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" referred to in the Company's disclosure are Canadian mining terms as defined in accordance with National Instrument Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be amended from time to time by the CIM. These definitions differ from the definitions in the United States Securities & Exchange Commission ("SEC") Guide 7. Under SEC Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historic average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. The terms "mineral resource", "measured mineral resource", "indicated mineral resource", "inferred mineral resource" used in the Company's disclosure are Canadian mining terms as defined in accordance with National Instrument Standards of Disclosure for Mineral Projects under the guidelines set out in the CIM Standards. Mineral resources which are not mineral reserves do not have demonstrated economic viability. While the terms "mineral resource", "measured mineral resource," "indicated mineral resource", and "inferred mineral resource" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the SEC. As such, information contained in the Company's disclosure concerning descriptions of mineralization and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to "indicated mineral resource" and "inferred mineral resource" there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It can not be assumed that all or any part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. 3

Landscape and Opportunity Landscape Junior mining segment ripe for consolidation –Significant assets available at historically low prices –Dutch Gold successfully raised capital while junior peers frozen out of capital markets Strong gold market fundamentals –Major producers biased towards M&A –Sector benefits from both seasonal and structural long-term up-trends/fundamentals Opportunity Dutch Gold’s consolidation strategy is unique among peers –Quickly bring late-stage, proven reserves into production –Competitors focused on exploration Rapid roadmap to profitability –Strategy emphasizes reserves with potential to be both cash generative and profitable within months –Projects can be brought into production with high ROI, low capital 4

Investment Highlights Junior gold producer with unique strategy to bring low-risk, late-stage, proven reserves into production within months after acquisition Focus: North American properties with potential to be both cash-generative and profitable within months –Three existing properties with significant known resource potential Proved/probable reserves of 2.8 million ounces Inferred Resource of 7.5 million ounces –Targeting acquisitions in western US Leveraging core assets to strengthen treasury We grow by acquisitions, and organically: Resources, Reserves, Cash Flow Experienced management team –Extensive geological and mining experience –Understanding of mergers, acquisitions and corporate finance –Disciplined approach to acquisitions and production 5

Value Creation Process Acquire project Drill for resource definition Geological reports Joint venture Permits and licenses Development Production 6

Measuring Value In situ resource Upside potential for resource growth Cash Flow Clustering acquisitions to spread capital costs 7

Current Portfolio 8  Jungo, Humboldt County, Nevada Basin Gulch, Basin Gulch, Montana 

Basin Gulch, Montana Lies between highly productive Golden Sunlight and Drumlummon mines Over 2.8M ounces of measured and indicated gold at Basin Gulch and 7.5 Million ounces in the resource(1) Multiple unexplored target zones on the property could yield significant additional gold when drilled Drilling to expand current known high grade underground targets Small Miners Exemption -Speeds timeline to production Well-located near existing infrastructure: roads, milling capacity Property adjacent to two mills that have the capacity and interest to process the company’s ore -Lower Capital Costs -Shorter time to cash flow 9 (1) Compliant (2) Company Projections M4.6M7.6M11.4M13.6M IDENTIFIABLE RESERVES (Ounces) (2)

Montana Peer Group Rx Explorations –Drumlummon Mine –1,900,000 inferred resource Barrick –Golden Sunlight –500,000 proved and probable Montana Gold Mining –Small historic producer 10

Basin Gulch 2011Plan Q1- Initial Permits and Drilling Program –Six hole program underway Q2- Additional Resource Definition –Drilling –Bulk Sampling Q3- Permits and Development Q4- Development and initial ore production 11

Jungo 12 (1) University of Nevada Reno (2) Public Company Filings Acquired in Q Lies between historic Hycroft and Sleeper mines, two multi-million gold producing mines 2010 Trenching Program yields excellent Peer group includes Fronteer, Newmont, Allied Nevada and Great Basin Gold Favorable results from trenching program, completed Q Drilling program completed Q1 2011, favorable results Newmont acquisition of Fronteer Q M+ oz P/P Reserves Hycroft- Allied Nevada Sleeper- X-Cal Resources Sandman- Fronteer Hollister- Great Basin Gold Marigold- Newmont

Growth Strategy: Organic 13 Bring existing properties into production Ramp production Gold Equivalent Ounces Q1 2011Q2 2011Q3 2011Q4 2011Q1 2012Q Basin GulchObtain small miners permit Bulk SamplingInfill DrillingDiatreme DrillingInitial ProductionExpanded Production JungoComplete Drilling Program Possible Additional Drilling Capital, Partner Planning Joint Venture Basin Gulch ,60030,24048,960 JungoEstimate Total5,55020,12535,72852,98765,635

Growth Strategy: Acquisitions Focus on properties with low-risk, late-stage, proven reserves –Montana Historical producers Known projects Cluster projects Small Miners Permit RX Exploration –Nevada Fronteer Newmont The “New Trend”? –Idaho –Utah Properties to be both cash generative and profitable within months, or set for JV, must have upside exploration potential Target payback in 2 years, year life of mine 14

Leveraging our resources 2010 Spin off of Shamika 2 Gold, Inc. –Shares held for resale: 5,700,000 –Company completing acquisition plans Joint ventures Royalties 15

Capital Position Capital Structure January 31, 201 Shares Outstanding382,481,032 Options 20,000,000 Warrants 9,550,000 Fully Diluted 412,031,032 Balance Sheet December 31,2011 Assets 1 $ 4,181,351 Short term liabilities$(1,768,094) Long term liabilities$(1,871,926) Shareholders Equity$ 778,331 1 Includes 5,700,000 shares of SHMX 16

Management Daniel Hollis, CEO and CFO –30+years corporate finance –Background in private and public company funding and venture capital –Experience includes turnaround situations, and development of fast-growth management teams for special situations Rauno Perttu, COO and Chief Geological Officer -- Effective in large company (Kennecott) and small company environments --Economic Geologist Steve Keaveney, CFO --CPA -- MBA –45 Acquisitions, $750M financings 17

Inflection Point Investing Past Share Price –Share overhang, short position –Market doubt as to financing capabilities, dilution –Perceived lack of progress At the inflection point –Successful drilling program Jungo –Permit and drilling at Basin Gulch –Shares in SHMX fund growth 18

Strategic Plan Reserve Growth 19 Resource Growth

Improving the Value Proposition Management Board Advisory Team 20 Capital Markets –Alternative listings –Adjust capital structure –Debt conversions –Balance sheet enhancements

Primary Drivers of Value Significant resource development –High grade underground –Long term approach Cash from operations –2011 negligible, 2012 $10-15M –Peers PE 30x to 45x 21

Acquisitions Montana keystone, and cluster Pipeline includes projects with –Lower cost –Simpler regulatory climate –Mining friendly government Nevada, Utah, Idaho 22

Investment Highlights Unique strategy to bring low-risk, proven reserves into production or a Value Event within months Focus on North American properties with potential to be cash generative and profitable within months Sufficient capital committed to bring current portfolio into production Positioned for limited cash flow positive in 2011 Low cost, disciplined operator, growing organically and through acquisitions Experienced management team 23

24 Thank you