Corporate Presentation - June 3, 2020 - Indigo Exploration

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Corporate Presentation - June 3, 2020 - Indigo Exploration
Corporate Presentation – June 3, 2020
Corporate Presentation - June 3, 2020 - Indigo Exploration
DISCLAIMER
Certain statements in this presentation may constitute “forward-looking statements” such as estimates and statements
that describe Indigo Exploration Inc.’s (“Indigo”) future plans, objectives or goals. Forward-looking statements are
generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”,
“believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable
terminology. All such forward-looking information and statements are based on certain assumptions and analyses made
by Indigo’s management in light of their experience and perception of historical trends, current conditions and expected
future developments, as well as other factors management believes are appropriate in the circumstances. Such
forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of Indigo to be materially different from future results, performance or achievements
expressed or implied by those forward-looking statements. These risks, uncertainties and other factors include, but are
not limited to, changes in metal prices or certain other commodities and currencies, litigation, legislative, environmental
and other judicial, regulatory, political and competitive developments in domestic and foreign areas in which Indigo may
operate, and the overall risks involved in the exploration, development and mining business, as well as those factors
discussed in the sections relating to risk factors of Indigo set out in Indigo’s MD&A filed on SEDAR.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. Except as required by law, Indigo does not intend to revise
or update these forward-looking statements whether as a result of new information or subsequent events and
developments or otherwise.

This presentation is for information purposes only and under no circumstance is to be construed as an offering of
securities Indigo.

Paul Cowley, P.Geo., President, CEO and Director of Indigo Exploration Inc., is the qualified person responsible for
reviewing the technical information in this presentation.

 www.indigoexploration.com                               TSX.V : IXI                                                     2
Corporate Presentation - June 3, 2020 - Indigo Exploration
MISSION STATEMENT
“To aggressively explore a portfolio of projects assembled by a world-class African-focused
geologist with more than 40M ounces of gold discovery under his belt. Indigo will use the best
available expertise, technology and capital to provide the best potential for the discovery of
Burkina Faso’s next economic gold deposit.”

Indigo Has:
        2 projects on the Birimian Greenstone Belt in Burkina Faso, West Africa
        Large land position: 418.5 km2 in permits
        Multiple Multi-km scale drill targets that are drill ready
        Active and growing artisanal mining operations on each project
        Option to acquire 100% interest in Djimbala Permit (100 km2) in southern Mali
        Personnel with outstanding discovery success in the Birimian Belt (+40M oz Au)
        Drilling targets that offer multi-million ounce potential

www.indigoexploration.com                  TSX.V : IXI                                       3
Corporate Presentation - June 3, 2020 - Indigo Exploration
FINANCIAL OVERVIEW

Ticker Symbol:              TSX.V : IXI                   Warrants:        19.53 million
52 Week High/Low:           $0.06 / $0.15                 Fully Diluted:   56.44 million
Recent Price:               $0.11                         Cash:            $0.6M
Common Shares:              36.52 million                 Market Cap:      $4.0M
Options:                    0.39 million

www.indigoexploration.com                   TSX.V : IXI                                    4
Corporate Presentation - June 3, 2020 - Indigo Exploration
BOARD AND MANAGEMENT
Paul Cowley, P.Geo – President/CEO and Director
Successful senior exploration geologist with over 40 years experience in North and South America and Africa, instrumental in the discovery and
advancement of four major gold deposits in the Canadian Arctic.

Tom Henricksen – VP Exploration and Director
Successful senior exploration geologist, on discovery teams for borate deposits in Bolivia, two gold and silver deposits in Peru, two porphyry copper
deposits in Peru, a gold deposit in Colombia and a copper-silver deposit in Montana.

Lorne Warner, P.Geo. – Director
Mr. Warner has over 30 years of experience with major and junior mining companies, including Noranda Exploration and Placer Dome. He was highly
successful in the discovery and delineation of several mineral deposits for various junior mining companies including: M Gold Zone at Detour Lake Mine,
Ontario, the Falea uranium/silver/copper deposit in Mali and the Fatou Main gold zone in Mali.

Marino Sveinson – Director
Mr. Sveinson is a member of the Law Society of British Columbia and the Yukon and a partner at Pulver Crawford Munroe LLP. Mr. Sveinson provides
strategic results-oriented advice and representation with respect to all stages of workplace matters and has represented clients at all levels of the courts
in B.C., labour arbitrations, the Human Rights Tribunal, and the Labour Relations Board.

Alain Nebie – Country Manager –Burkina Faso
Rebecca Moriarty, CPA CA – CFO
Experienced CFO with over 20 years experience in dealing with administration of public companies.

Dr. Demetrius Pohl – Advisory Board
Dr. Pohl was instrumental in assembling the current Indigo Burkina Faso land package. Formerly with BHP Minerals, he was involved in the early
identification and development of the Syama and Sadiola deposits in Mali, the Essakane deposit in Burkina Faso, and the Golden Pride deposit in
Tanzania, to name a few.

  www.indigoexploration.com                                              TSX.V : IXI                                                                     5
Corporate Presentation - June 3, 2020 - Indigo Exploration
WHY WEST AFRICA?
                                                                                            Birimian Terrane of western Africa
                                                                                            where +50 million ounces of gold
                                                                                            discovered in last 15 years.

                                                                                            Deposit    Ownership
                                                                                            Afaho    Newmont Mining
                                                                                            Akyem Newmont Mining
                                                                                            Essakane IAMGOLD
                                                                                            Loulo    Randgold
                                                                                            Morila   Anglogold, Randgold
                                                                                            Obuasi Anglogold Ashanti
                                                                                            Sadiola Anglogold, IAMGOLD
                                                                                            Siguiri  Anglogold
                                                                                            Syama Randgold
                                                                                            Tarkwa Goldfields

                                                                                            Much remains underexplored.
These reserve and/or combined production and remaining reserve numbers are taken from various government and industry sources
and reflect general deposit grades in the Birimian Greenstone Belt. There are currently no mineral reserves or resources associated
with any of the IXI properties.

 www.indigoexploration.com                                      TSX.V : IXI                                                           6
Corporate Presentation - June 3, 2020 - Indigo Exploration
BURKINA FASO FOCUSED

                                                 2 Gold Projects in
                                                 Burkina Faso
                                                 (418.5 km2):
                                          Bada

                                                 1.Hantoukoura (Kodyel) –
                                                 multiple vein system
                                                 2.Lati 2 – shear parallel vein
                                                 system

                                                 .

www.indigoexploration.com   TSX.V : IXI                                       7
Corporate Presentation - June 3, 2020 - Indigo Exploration
HANTOUKOURA Project (previously KODYEL)
Project to Drill
                                          • New 9 year permit over original
                                            Kodyel Permit
                                          • 238 sq km
                                          • 3 target areas
                                          Artisanal mining: Hantekoura (CFA),
                                             Kodyel 1, Tangounga and
                                             Songonduari
                                           Recent gold rush
                                           As many as 10,000 miners
                                          Tangounga Orpaillage
                                          1500m by 100m zone of workings
                                          BLEG
                                          Historic BLEG anomalies over 20km2
                                             area untested
                                          Kodyel 1
                                          Historic SEMAFO drilling
                                          Best hole: 50m of 4.3 g/t Au

www.indigoexploration.com   TSX.V : IXI                                  8
Corporate Presentation - June 3, 2020 - Indigo Exploration
HANTOUKOURA Project

                                                   Tangounga Orpaillage
                                                   250m long by 40m wide
                                                   open cut since 2006
                                                   At least 5 veins in pit totaling
                                                   over 30m width
                                                   Multiple parallel veins traced
                                                   over 1500m by pits and cuts
                                                   Prospecting suggests zone
                                                   could be 3000m long
                                                   Multi-Million Ounce Target
                            Internal shafts
                                                   Artisanal miners sinking
                            dug by local
                            artisanal miners       internal shafts from bottom
                                                   of open cut

www.indigoexploration.com            TSX.V : IXI                               9
Corporate Presentation - June 3, 2020 - Indigo Exploration
HANTOUKOURA Project
                                          Tangounga Orpaillage

                                          Very good widths with Individual veins
                                          to 10m wide

                                          Multiple veins totaling over 30m

                                          Locals mine quartz veins in excess of
                                          10 gpt Au

                                          Airborne survey and grab sample
                                          program completed

                                           Plans to sample pit and finish
                                          soil grid, followed by drilling

www.indigoexploration.com   TSX.V : IXI                                      10
KANTOUKOURA Soil Sampling Results to Date
>15km of Gold Anomalies

www.indigoexploration.com   TSX.V : IXI     11
HANTOUKOURA – Extensive Artisanal Workings

www.indigoexploration.com   TSX.V : IXI      12
LATI 2 Project
• Large 180.5 sq km area
• Three target areas
Prospect 1
• Multi-Million Ounce Potential
• Site of new gold rush with expanding artisanal
  workings
• 8km by 2km area of anomalous rock and soil
  includes a 4.75km by 100-700m Au-in-soil anomaly
• Historical drill hole of 2.5 gpt Au over 12m
• Recent grab sampling highlights to 12.65 gpt Au
• Completed 50 RC drill holes at Prospect 1
Doudou (Prospect 2)
Gold-in-soil anomaly
1200m by 50 to 500m, open
Kwademen
More early exploration needed

   www.indigoexploration.com                         TSX.V : IXI   13
LATI 2 – Extensive Surfacial Workings

www.indigoexploration.com   TSX.V : IXI   14
LATI 2 Project
 Prospect 1
 • Soil survey was successful in highlighting two
   gold-in-soil anomalies:
       • A – 4.75km by 100-750m
       • B – 1.5km by 250-350m
 • Anomalies concentrated on contact between
   volcanics and intrusives.
 • Expanding artisanal workings also
   concentrated on same contacts.
 • Initial artisanal workings grew from 500m by
   50-200m to 1200m long by 50-500m in 14
   months.
 • New artisanal sites developing
                                                                  Gold recovered by artisanal miner from
                                                                            Lati 2 - Prospect 1

www.indigoexploration.com                           TSX.V : IXI                                            15
LATI 2 Project – Prospect 1
 Prospect 1
 • RC drilling program completed in 2012
 • 14 drill lines over Anomaly A and B.
 • Each line 3 to 5 RC holes, 150m long
 • Total of 50 holes (6,400 metres)
 • Results on Eastside (2.5km long zone)
 • 112m @ 0.51 g/t Au
      •    incl. 28m @ 1.28 g/t Au
 • 111m @ 0.50 g/t Au
      • Incl. 11m @ 3.17 g/t Au
 • 21m @0.76 g/t Au
 • 50m @ 0.42 g/t Au

www.indigoexploration.com                  TSX.V : IXI   16
LATI 2 Project – Prospect 1
 Artisanal Expansion Since 2012
  Provide Significant Exploration
  Opportunity
 • collective surface area of artisanal workings
   has doubled from 1.5 km2 in 2012 to 3 km2
   presently
 • Represents new untested exploration target
   areas
 • Large eastside target is 3 km long x 600 m
   wide (east of drilling, toward and along granite
   contact)
 • Numerous smaller untested exploration
   targets worthy of follow-up
 • These areas will be the focus of detailed soil
   sampling to prioritize drilling

www.indigoexploration.com                           TSX.V : IXI   17
Djimbala Permit - Mali

  • Recently signed option to earn 100% from
    Desert Gold
  • 100 square kilometre permit
  • 220 km south of the capital of Bamako                                       MALI

  • In Yanfolila Gold Belt
  • Surrounded by a significant number of gold
                                                                       Bamako

    deposits, mines and prospecting permits
  • Multiple artisanal mine working present on
                                                               Djimabala
    permit
                                                               project

www.indigoexploration.com                        TSX.V : IXI                           18
Djimbala Permit – Southern Mali

• Immediately east of Hummingbird Resources’
  0.7 million oz Au Komana gold mine (1)
• 21 kilometres north, along strike, of the
  Kodieran gold Mine
• 28 kilometres north, along strike, from
  Endeavour’s high grade 3.3 million oz Au
  Kalana project (2)
• Limited soil sampling by Desert Gold
  demonstrates southern extension of positive
  Gold Fields drilling
• The bulk of the permit still needs to be soil
  sampled to prioritize drill targets

  1. Hummingbird Komana gold resource; 7.9Mt proven and probable @ 2.66
  g/t for 676,000 oz Au (2020) https://hummingbirdresources.co.uk/operations-
  projects/mali/
  2. Endeavour Kalana gold resource; 3.3 million oz Au measured & indicated
  (2020) https://www.endeavourmining.com/our-portfolio/Kalana-
  Project/default.aspx

  www.indigoexploration.com                                                     TSX.V : IXI   19
2020 EXPLORATION PLANS
                   Lati 2
                    Conduct detailed soil sampling grid over 3 km x 600 m
                     untested area where artisanal workings have expanded
                     since 2012
                    Conduct selective soil grids over other untested
                     artisanal workings
                    Potential aircore drilling on high priority soil anomalies
                   Hantoukoura
                    Monitor permit during government imposed security
                     suspension
                    Be prepared to resume exploration on lifting
                     suspension
                   Djimbala (Mali)
                    Identify and sample artisanal mine workings across
                     permit
                    Initiate detailed and broad-based soil sampling grids
                     over prospective areas on permit
                    Potential aircore drilling on high priority soil anomalies
www.indigoexploration.com                      TSX.V : IXI                        20
WHY INVEST?

 Burkina Faso’s gold exploration and development sector is exploding, going from 209 kg
    of gold produced in 2002 to an estimated 40 tonnes in 2020
 IXI is Targeting multi-million ounce economic gold deposits
 Large land package of over 418.5 km2 of Birimian Greenstone in Burkina Faso
 Expanded into Mali with 100 km2 Djimbala Permit option
 Projects all have large, active artisanal sites with multi-km drill targets – targeting elephant
    size projects
 Strong management with West African discovery experience
 Resuming exploration with directed sampling and soil sampling to
    prioritize drill targeting

www.indigoexploration.com                    TSX.V : IXI                                             21
CONTACT INFO

             Paul Cowley, President & CEO
     Tel: 604-340-7711 | Email: pcowley@indigoexploration.com

                   Corporate Office Address:
                       880 – 580 Hornby Street
                           Vancouver, BC
                          V6C 3B6 Canada

                   www.indigoexploration.com
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