Advancing the Brewery Creek Mine Restart - CORPORATE PRESENTATION - Golden Predator
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Advancing the Brewery Creek TSX.V: GPY | OTCQX: NTGSF Mine Restart CORPORATE PRESENTATION June 2021 Brewery Creek Mine
Disclaimer ©2021 Golden Predator Mining Corp. All rights reserved. Unless otherwise noted, “Golden Predator” and all other marks used in this presentation are trademarks of Golden Predator (the “Company”). Any reproduction or dissemination of any feature of this presentation, in whole or in part, or any use of this presentation for any unlawful purposes, is strictly prohibited. The technical contents of this presentation were reviewed and approved by Michael Maslowski CPG, a Qualified Person as defined by National Instrument 43-101 and a consultant to the Company. This presentation contains certain statements that may be deemed "forward-looking statements". Information set forth may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward- looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the Merger and related transactions are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements. The information provided in this presentation is provided solely for general knowledge purposes. This presentation is not intended to be a comprehensive review of all matters and developments concerning the Company and the Company assumes no responsibility for its completeness, accuracy and currency. Although information used in this presentation is believed to be accurate as at the date hereof, it may not be accurate when read. The Company does not undertake to update any of the information provided in this presentation. For current information please refer to the Company's filings on SEDAR (www.sedar.com) or contact the Company. THIS PRESENTATION IS PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND, INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL THE COMPANY, ITS DIRECTORS, OFFICERS OR EMPLOYEES BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES DUE TO LOSS OF PROFITS OR BUSINESS INTERRUPTION) DUE TO THE READER’S USE OF THIS PRESENTATION. This presentation is not to be construed as an offer to sell, or a solicitation of an offer to buy securities of the Company. An offer to sell, or a solicitation of an offer to buy securities of the Company can only be made by a broker-dealer registered in all jurisdictions in which such an offer is being made and only if such offer is otherwise made in accordance with all applicable securities laws, regulations, and rules of any kind whatsoever. The information in this presentation is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction applicable to the Company. No securities commission has in any way passed on any of the information contained in this presentation. THE FOREGOING LIMITATIONS AND DISCLAIMERS APPLY REGARDLESS OF THE CAUSES OR CIRCUMSTANCES GIVING RISE TO THE LOSS, DAMAGE, CLAIM OR LIABILITY, EVEN IF SUCH LOSS, DAMAGE, CLAIM OR LIABILITY IS BASED UPON BREACH OF CONTRACT (INCLUDING, WITHOUT LIMITATION, A CLAIM OF FUNDAMENTAL BREACH OR A BREACH OF A FUNDAMENTAL TERM), TORT (INCLUDING, WITHOUT LIMITATION, NEGLIGENCE) OR STRICT LIABILITY. TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 2
✓ Focused on restarting the Brewery Gold Mine The Golden ✓ Brownfield site with past production ✓ Track record of growing resources Predator ✓ Demonstrated ESG commitment ✓ Untapped exploration upside Advantage ✓ Proactive mining jurisdiction TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 3
Corporate Overview Advancing the Brewery Creek Mine Towards Production(1) Path to production and near-term revenue potential from a restart of a past-producing heap leach mine Infrastructure & mining licenses, permitted for a restart of development and production in Canada’s Yukon Restart Study & Fully integrated Feasibility Study (FS) - underway 2020 5,600 m Drill Program Complete– Classic Zone and Reserve Trend 2020 Brewery Creek Mineral Resource Estimate(2) Leachable Tonnes g/t Gold Oz. Indicated 22,200,000 1.11 789,000 Inferred 16,800,000 0.92 497,000 Sulphide Tonnes g/t Gold Oz. Inferred 30,600,000 0.84 828,000 **The resource estimate does not include material remaining on the heap leach pad. Mineral Resources estimates conducted within a pit shell developed at $2000/oz gold with an internal cut-off grade calculated at $1500/oz gold was used to report mineral resource inventories TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 4
Share & Capital Structure Market Capitalization $32,762,406 CDN (@ $0.19) Shares Issued and Outstanding Prominent Shareholders 172,433,720 Stock Options William and Janet Sheriff 5,431,250 Eric Sprott Warrants Outstanding 6,477,140 Pat DiCapo (Power One Capital Markets) CIBC Private Wealth Fully Diluted Shares Albert Friedberg (Friedberg Mercantile Group) 184,342,110 As of June 1, 2021 TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 5
Board of Directors William M. Sheriff Entrepreneurial geologist, fundraiser, major shareholder, co- founded and sold Energy Metals Corporation to Uranium One for $1.8 billion Richard Goldfarb Globally recognized expert on orogenic gold deposits. William Harris Previously served at C level positions in several Fortune 500 firms Stefan Spears Vice President of McEwen Mining; featured as the Mining Journal’s “Mining’s Future Leaders” (2016) Tony Lesiak Former Senior Advisor, Investment Banking at Canaccord Genuity Corp. (Canada) Bradley Thiele Professional Engineer with over 45 years of industry experience including moving the Meadowbank Mine into production William Sheriff at Brewery Creek TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 6 6
Management Team Janet Lee-Sheriff | Chief Executive Officer Scott Davis | Chief Financial Officer Michael Maslowski | Chief Operating Officer James Hesketh, M. Sc. MMSA| Engineering Joe Harrington | Technical Advisor 9 TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 7
Environmental, Social and Governance Principles Mutually Beneficial Agreements Innovative progressive company with strong community relationships, shared opportunities with successes including: • Yukon Mint to showcase First Nation art on gold coins • Elders In Residence, Brewery Creek Bees • Tr’ondëk Hwëch’in Socio Economic Accord (SEA) Brewery Creek Mine – Technical Advisory Committee Group 11 Technologies – Partners in Innovative In Place Mining Company – changing the way the world recovers gold 9 Spades Zone 2018: Elders-in-Residence Program at 3 Aces TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 8
Brewery Creek Mine Operated 1996 - 2002 TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 9
Brewery Creek Mine A Licensed Mine with Established Infrastructure Spades Zone TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 10
Brewery Creek Mine Project Overview • Year-round road access/air service 55 km from Dawson City, 17 km from grid power; 30 km from Dawson International Airport • 180 km2 property with many exploration targets remaining open or untested • Mining rate, as approved in Quartz Mining License, is 4 mm tonnes/year TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 11
Brewery Creek Mine Licensed oxide heap leach gold resources Spades Zone TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 12
Brewery Creek Mine 2020 Drill Program Spades Zone TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 13
Brewery Creek Mine Licensed oxide heap leach gold resources Spades Zone TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 14
Brewery Creek Mine Planning(1) Complete Original Mine Plan Feasibility level mine planning study underway, by Tetra Tech, Inc., to incorporate mining of licensed material from oxide resources Planned build out 3 new, permitted, heap leach cells (8, 9 & 10) Most resources remain open to expansion , future drilling focused on increasing drill density with the goal of incorporating the Lucky resource into the Keg pit shell Indicated Oxide Inferred Oxide Oxide Resoures Resources Resource Area Cutoff Gold Gold Tonnes Gold Tonnes Gold (g/t) Ounces Ounces (000) g/t (000) g/t (000) (000) Keg 0.52 7,700 1.06 264 2,900 1.12 103 Lucky 0.47 1,800 1.59 92 700 1.57 38 Moosehead 0.49 1,200 0.91 35 600 0.83 16 Pacific-Blue 0.56 1,400 1.22 55 700 0.93 22 Total 12,100 1.14 446 4,900 1.12 179 TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 15
Brewery Creek Mine Planning(1) Proposed Expansion of Mining to Include New Oxide Discoveries Permit and expand operations beyond licensed deposits over time Most resources remain open to expansion, many targets across property remain untested Exploration drilling planned at the Classic area, the single largest exploration target Indicated Oxide Inferred Oxide Oxide Resoures Resources Resource Area Cutoff Gold Gold Tonnes Gold Tonnes Gold (g/t) (000) g/t Ounces (000) g/t Ounces (000) (000) Bohemian-Schooner 0.42 3,400 1.36 148 1,500 1.33 65 Classic 0.31 800 0.52 14 2,200 0.51 37 Big Rock 0.42 3,800 0.95 114 1,800 0.93 55 North Slope 0.70 200 1.39 8 400 0.99 12 Sleeman 0.52 1,900 0.97 58 4,300 0.84 117 Camp 0.53 - - - 700 0.65 13 Lone Star 0.46 - - - 800 0.65 19 Total 10,100 1.07 342 11,700 0.84 318 TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 16
Geology/Exploration Potential • High exploration potential for upgrading and expanding known resources; exploration only covers a small portion of the property • Most exploration has focused along a 9 km long east-west zone known as the “Reserve Trend” • Known deposits (E & W Big Rock, North Slope and Moosehead) and new discovery (Ice Fog) along northern thrust and newly identified discovery (Lead Dog) along southern thrust are all open to further discovery and expansion • Large intrusive center underlies the southern portion of the property; potential of large porphyry style of mineralization at depth • Offsets of primary thrusts are excellent Spades Zone targets as proven with the Big Rock discoveries; largely untested elsewhere across offsets • Explore & work on metallurgy for sulfides, sulfide potential largely untested TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 17
Brewery Creek Mine Soil Geochemistry, Mineralization and Structure: Guiding Successful Exploration TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 18
Brewery Creek – 2021 Work Program 1) Feasibility Study: Early Q3 2021, complete the ongoing feasibility study for renewed mining at Brewery Creek 2) YESAB submission: Submit project plan description for assessment with the Yukon Environmental and Socio-Economic Board for assessment to support the renewal applications for the existing Quartz Mining and Water Use Licenses. Both renewal applications were submitted in Q1 2021M&I Resource to Midway Hills 3) Baseline Studies: Conduct environmental baseline Target Area studies, including updates to the wildlife, fisheries and vegetation studies Pit Shell 4) Column Leach tests: Additional tests for establishing potential recoveries by leaching are Outline being conducted on large diameter core samples from various deposits. The tests include variability testing on samples crushed to different sizes South Extension 5) Water Sampling: Continue compliance sampling and additional sampling of bothZone ground waters and surface waters for water quality. Install additional instrumentation in ground water wells and surface sites for enhancing seasonal water flow database 6) Project Coordination Committee (PCC): Commence coordination meetings with the Yukon Department of Energy, Mines and Resources on the Quartz Mining License renewal process TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 19
Other Assets: Marg Cu-Au Polymetallic Keno City, Yukon • Located 40 km east of Keno City in the vicinity of operating mines including Victoria Gold and Alexco Resources • A volcanogenic massive sulphide deposit accessible by winter road or airstrip • 402 contiguous quartz claims, 8,000 ha • Previous diamond drilling programs have defined the mineralization over a 1.4 km trend, 100 meters thick and 700 meters down dip • The deposit remains open along strike, down plunge to the east and down dip. Additional areas of soil anomalies and geophysical anomalies remain untested on the property Tonnes Cu Pb Zn Au Ag Indicated 3.96M 1.57% 1.92% 3.90% 0.79g/t 49.4g/t Inferred 7.78M 1.12% 1.36% 2.89% 0.52g/t 34.88g/t Technical Report and Mineral Resource Estimate on Marg Volcanogenic Massive sulphide Deposit; Burgoyne Geological Inc. and Giroux Consultants Ltd., November 30, 2013. TSX.V: GPY TSX.V: GPY || OTCQX: OTCQX: NTGSF NTGSF Golden GOLDEN Predator and Viva GoldCORPORATE PREDATOR to Merge – Combined Presentation PRESENTATION 20 20
Other Assets: Gold Dome & Grew Creek Yukon Gold Dome: a large, road accessible, advanced-stage exploration project located within the Selwyn Basin Gold Grew Creek: a large zone of gold mineralization, the Carlos zone, defined by core and District in central Yukon. RC drilling over an area of 300 meters along strike, 100 meters wide and 400 meters • 489 quartz mining claims; year-round road accessible; deep. The project is adjacent to Robert Campbell highway between the communities of excellent local infrastructure Faro and Ross River. • Over 50,000 ounces of placer gold historically mined from Significant drill intercepts by Golden Predator include: Highet Creek which drains the property • GCRC11-328 intercepted 68.0 meters of 5.96 g/t gold from 32.0 m depth • Intrusion-related gold deposit with western Selwyn basin location • GC10-001 intercepted 146.3 meters of 1.72 g/t gold from 40.0 m depth • Potential for bulk tonnage sheeted vein style deposits and high grade skarn, replacement and vein style deposits • Since 2010 Golden Predator has drilled over 19,000 meters in 70 holes • Numerous drill intercepts in a variety of zones require follow- • Airborne and ground geophysics completed across the property up exploration drilling • The Carlos gold zone defined by drilling, open at depth TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 21
TSX.V:GPY OTCQX:NTGSF goldenpredator.com info@goldenpredator.com 604.260.0289 250-200 Burrard Street Vancouver BC V6C 3L6 Canada TSX.V: GPY | OTCQX: NTGSF GOLDEN PREDATOR CORPORATE PRESENTATION 22
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