October 26, 2012

Valued Shareholders

Thank you for supporting Boxxer Gold; We would like to welcome you to read the first in our new series of shareholders letters, with the objective and commitment to keep you up to date on the activities of Boxxer Gold Corp. The purpose of this letter is to increase communication with our shareholders, and to give you a ‘snapshot’ on the activities of Boxxer.

This year has been challenging for many publicly traded resource companies, however, even during this difficult period, Boxxer has been able to raise funds and continue to explore and advance its assets in line with our corporate strategy. The ultimate goal is increasing value for you – the shareholder.

All information discussed in this newsletter has been made public in prior news releases.

Boxxer’s corporate strategy simply stated is; Explore in geopolitically stable areas of the world considered to have significant potential to discover large polymetallic copper or gold deposits and then proving the value of our properties through exploration and selling them.

In 2012, Boxxer achieved some significant milestones. Among these was the completion of the 11 hole drill program on the Boss Property in Nevada as well as the 6 holes drilled on the East Breccia Property. As of September 28th Boxxer Gold has announced that it intends to complete a financing, the proceeds of which will be used on our advanced properties; the East Breccia and Gordon Lake, as well as for general working capital. Boxxer plans to sell 10,714,286 Units (common share + ½ common share purchase warrant) at a price of $0.07 per Unit to raise total proceeds of up to $750,000, and up 12,500,000 flow through Units (common share + ½ common share purchase warrant) priced at $.08/Unit for a total of $1,000,000.

Boss Property - Nevada

Having completed the groundwork including an airborne survey and numerous Titan-24 DCIP (induced polarization) surveys to define targets, Boxxer tested these targets by diamond drilling in 2012. The drilling program was considered to be very successful in that significant copper-gold-silver +/-molybdenum mineralization was discovered in 6 of the 11 holes drilled on the property.

• Three of these holes have been interpreted to have intersected a mineralized “proximal” (adjacent) copper gold skarn.
• The exploration data collected suggests that future drilling on the Boss property should be conducted towards the northwest, towards the former Boss Mine.
• A partial table of drill results for the Boss can be viewed here; http://www.boxxergold.com/properties/the_boss_project/exploration_results/

The last drill program on the Boss intersected a metasomatic skarn, a geological feature highly indicative of a porphyry environment. Typically; in areas where porphyry deposits are surrounded by skarn and marble, the deposit tends to contain higher grades. We believe our second round of drilling should bring us closer to finding the mineralized intrusive, the source of the copper mineralization in the skarn.

DOK Property – Northwestern BC

A Titan-24 DCIP survey has located 2 large chargeability anomalies that coincide with mineralized bedrock (0.66% copper over a 38m interval) and large, copper-gold-molybdenum-silver in soil geochemical anomalies. Boxxer has also successfully negotiated the purchase of 11 land claims to cover the eastern portion of one of
the anomalies highlighted by the airborne survey. You can view the anomalies here http://www.boxxergold.com/properties/dok/maps/#

Three large porphyry style targets consisting of two large chargeability anomalies coincident with alteration and mineralization and a very large magnetite-biotite alteration halo associated with intrusive rocks have been identified in 2012. While it is unfortunate that we could not drill these targets in 2012 due to climate; drilling of these targets could commence as early as June of 2013

East Breccia Property – Ontario

The drilling program completed on the East Breccia property strongly suggests further drilling is necessary. The objective of the next phase of work would be to complete the drilling necessary on the East Breccia zone to confirm the historical drilling results and collect sufficient information to complete a current resource estimate in line with National Instrument 43-101 (NI 43-101) reporting standards. It is of note that Teck operated the Tribag mine in the area in the 1960’s which is reported to have milled 1.25 million tonnes of copper mineralization at 1.67% cut off grade. A map of the area can be found here; http://www.boxxergold.com/properties/east_breccia_project/maps/

The East Breccia property contains 55 historic drill holes, plus the 6 that Boxxer completed in 2012. Best Practice principles require that the reported grades in these historical holes be confirmed. The 2012 confirmation drilling program was designed to test 2 low grade holes, 2 mid-grade holes and 2 higher grade holes identified from the historical drill holes. The drilling program was successful in that significant copper-silver-molybdenum-rhenium mineralization was intersected over wide intervals in all 6 holes. The results of the drill program can be seen here; http://www.boxxergold.com/properties/east_breccia_project/exploration_results/

Gordon Lake Property

The Gordon Lake property is an historic, high grade gold property that currently hosts a *historical estimate. It is imperative that the reader understand this historical estimate is not a resource as it was not prepared by an Independent Qualified Person pursuant to National Instrument 43-101 standards. Funding on this project would allow more drilling to give us a better idea of the grade and extent of mineralization, with the objective to complete a resource estimate pursuant to National Instrument (“NI”) 43-101 standards.

In 1989 a drill indicated inferred possible resource (the historical estimate) was estimated for the Gordon Lake Project. The historical estimate* indicated in the Main zone 12,500 tonnes grading 10.3 g/t gold and the South zone 106,500 tonnes grading 11.3 g/t gold. A higher grade section within the South zone is estimated to contain 60,700 tonnes grading 17.8 g/t gold. Historical mineralized intersections from the property include;19.40 g/t gold over 7.40 metres, 21.00 g/t gold over 7.20 metres, 34.10 g/t gold over 4.80 metres and 11.30 g/t gold over 6.45 metres. A 3d image of the # 9 vein can be found here; http://www.boxxergold.com/properties/gordon_lake/maps/

*The historical estimate was completed for Pacific Trans-Ocean Resources Ltd. by M. Balog consulting geologist in 1989 using a 4.0 g/t gold cutoff over a minimum true width of 1.5 meters, a specific gravity of 2.7 tonnes per cubic meter, longitudinal sections and a polygonal block method. Polygons included all material to the midpoint between adjacent holes. Polygons occurring on the edge of the longitudinal were extrapolated a maximum of 15 meters. Boxxer would have to complete additional confirmation and infill drilling in both the Main and South zones with the objective to upgrade the historical estimate to a mineral resource. The historical estimate were not prepared by independent qualified persons, nor has any of the information contained therein been audited by an independent Qualified Person. The historical estimate does not conform to the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) standards of reporting pursuant to the requirements under National instrument 43-101. The corporation wishes to clarify that there are no mineral resources and no mineral reserves on the Gordon lake Property as such terms are defined under National Instrument 43-101.

On behalf of management and staff, we want to thank you for your continued support and encourage you to contact Boxxer with any questions you may have at 1-403-264-4811 or by e-mail at scottstewart @ boxxergold . com

Regards,
The Boxxer Team