GOLD EXPLORATION

DINGMAN PROJECT

The Dingman property is located on the boundary between Madoc and Marmora Townships in Hastings County, southeastern Ontario, approximately 175 km northeast of Toronto, Ontario, and 55 km north of Belleville, Ontario.

Gold mineralization on the Dingman property occurs as a hydrothermal quartz-carbonate vein gold system. This type of gold deposit consists of simple to complex quartz-carbonate vein systems associated with shear zones and folds in deformed and metamorphosed volcanic, sedimentary, and granitoid rocks. Gold occurs in veins or as disseminations in adjacent altered wall rocks.

An Advanced Western US Gold Explorer and Developer

Attractive Exploration Upside

100% ownership of 3,351 acres of private land
Mineralization open along strike and at depth

Significant Initial Resource

Initial NI 43-101 resource: 879,000 oz grading 1.6 g/t gold
Multiple mineralized structures additionally identified

Upcoming Catalysts

10,000m resource expansion drill program in progress
Second NI 43-101 resource expected in Q2 2020

FREMONT GOLD PROJECT

The California Mother Lode Gold Belt – one of the most prolific gold belts in the world – is estimated to have produced 50 million oz of gold throughout history. Its famed mineral deposits attracted interest and investments to the region since the Gold Rush of the 1840s.

The Fremont Project consists of 100% owned 3,351 acres of land within the Gold Belt. It contains a rich deposit at the Pine-Tree Josephine Zone, which extends 800m and is open at strike and at depth, as well as five additional mineralized deposit zones.

Mining District & Well-Development Infrastructure

3,351 acres in historic Mother Lode belt
- 100% ownership of private land package
- Property encompasses 4km out of a total 200km strike of the Mother Lode gold belt

Excellent infrastructure
- Paved highway access
- Electric substation on property
- 14 miles from town of Mariposa

Good accessibility to water
- Private well on-site; access to two others
- Nearby Merced River is an excellent source of water for potential mining operation

Significant Resource - Mineralization Open Along Strike

Resource Estimate (Oct. 2016)

Mineral Resources were estimated by a Qualified Person (QP) working for Roscoe Postle Associates
CIM definitions were followed for Mineral Resource classification
Mineral Resources are estimated at a cut-off grade of 0.5 g/t Au
Mineral Resources are estimated using a gold price of US$1,400/oz
Mineral Resources are constrained by a Whittle pit shell

Mineral Resources estimated for Pine Tree-Josephine zone only
Current Mineral Resource covers ~800m of the 4km strike of the Mother Lode shear zone
162 drill holes used in the resource estimate totaling 25,970m
- 49 diamond drill holes totaling 9,630m
- 113 reverse circulation drill holes totaling 16,340m

Extensive Historical Mining - Mineralization Open at Depth

Mining Level

Pine Tree Adit

150 ft Level

270 ft Level

430 ft Level

550 ft Level

700 ft Level

850 ft Level

1,150 ft Level

Josephine Adit

Tonnes

45,378

55,326

27,684

27,838

21,795

14,200

17,653

7,542

5,788

Au (g/t)

5.14

6.17

4.80

6.17

6.51

5.83

7.20

10.97

Oz Au

7,503

10,977

4,272

5,523

4,565

2,661

3,308

1,746

2,042

Current resource depth is ~225m below surface
Mineralization is open at depth as evidenced by extensive historical underground mine workings

5 Material New Mineralized Zones Discovered

Sample

ID#

149052

148216

149099

149051

148229

148230

148234

149060

149050

149064

149063

148246

149059

149055

149086

149085

148243

149056

Length

(Feet)

1.0

0.7

1.5

N/A

0.4

2.1

1.7

3.0

2.1

1.1

3.1

1.4

3.0

2.0

2.7

3.8

5.0

Grade

Au (oz/t)

0.96

0.60

0.47

0.18

0.16

0.09

0.08

0.54

0.26

0.14

0.13

0.12

0.11

0.22

0.14

0.11

0.13

0.08

Au (g/t)

32.81

20.67

16.15

6.10

5.59

2.91

2.74

18.48

8.88

4.80

4.56

4.05

3.91

7.44

4.66

3.77

4.59

2.78

Target

Area

Golden Slope

Ogle Canyon

Chicken Gulch

Vermont Slab

Golden Chain

Geophysics Corroborates New Discoveries

Strong correlation between surface mapping and aero-mag results

Unbroken 2.5 km strike of the main shear zone

2.0 km prospective strike of the conjugate zone to the east (Golden Slope)

1.5 km prospective strike of the parallel zone to the west (Ogle Lease)

Major dilational jog present in the shear zone to the north of Pine Tree-Josephine (Queen Specimen)

Recent Work Completed

Phase I & II drill programs (Q2 2013-Q1 2014)
- 18 diamond drill holes in total (~2,600m)
- Verified geology and grades from historic drilling

PEA-level metallurgical testing (Q3 2014)
- 93% leach recoveries for oxide cap zone (~10% of tonnage)
- 94% gravity + flotation concentrate recoveries for quartz-hosted sulphide zone (~40% of tonnage)
  - Concentrate Grade: 139 g/t Au (~4.5 oz/t Au)
- 86% gravity + flotation concentrate recoveries for sulphide replacement zone (~50% of tonnage)
  - Concentrate Grade: 58 g/t Au (~2.0 oz/t Au)

Phase III drill program (Q1 2016)
- ~41,000 ft (~12,500m) of drilling
- Three main objectives achieved:
  - Convert a significant portion of the historic resource into NI 43-101 compliant resource estimate
  - Test the down-dip extension of the main mineralized zone
  - Test the newly discovered near-surface mineralized zones

Second Resource - Queen Specimen (Expected Q2 2020)

Resource Drilling at Queen Specimen Mineralized Zone

35,000ft (~10,000m) resource drilling campaign

Roughly 40% already completed

Resource estimate for Queen Specimen expected in Q2 2019

Style and tenor of mineralization is similar to current resource zone (Pine Tree-Josephine)

Initial drilling has returned excellent mineralized intersections

Queen Specimen Cross Sections & Drilling Highlights

Assay Highlights from Queen Specimen

Zone

Queen Specimen

Hole ID

QS-DD-18-013

And

Including

And including

And

Including

From (m)

8.5

66.5

71.0

77.1

185.3

191.1

To (m)

11.6

80.2

69.5

74.1

80.2

196.0

192.6

Length (m)

3.1

13.7

3.0

3.1

10.7

1.5

Au g/t

1.01

1.64

1.11

4.37

1.73

4.08

20.75

Zone

Queen Specimen

Hole ID

QS-DD-18-015

Including

And including

From (m)

108.5

114.6

120.9

To (m)

123.4

120.1

121.9

Length (m)

14.9

5.5

1.8

Au g/t

4.67

3.11

22.91

Zone

Queen Specimen

Hole ID

QS-DD-18-014

Including

And

From (m)

77.4

81.2

84.4

95.7

108.4

To (m)

96.7

77.9

82.3

87.8

96.7

109.6

Length (m)

19.3

0.5

1.0

3.4

1.0

1.2

Au g/t

2.06

9.14

2.09

5.11

6.31

1.24

Cross Sections from Queen Specimen

Pine Tree Mine

Josephine Mine

California is Actively Permitting Mines

Several mining operations recently permitted in California…

Molycorp’s Phoenix REE project
- Permitted December 2010

Sutter Gold’s Lincoln gold project
- Permitted June 2012

Golden Queen’s Soledad Mountain gold project
- Permitted July 2012

Shasta Gold’s Washington gold project
- Privately held – recently permitted

Mariposa is a pro-development County
- Lead agency for environmental permitting

GOLD EXPLORATION

DINGMAN PROJECT

An Advanced Western US Gold Explorer and Developer

Attractive Exploration Upside

Significant Initial Resource

Upcoming Catalysts

FREMONT GOLD PROJECT

Mining District & Well-Development Infrastructure

Significant Resource - Mineralization Open Along Strike

Resource Estimate (Oct. 2016)

Extensive Historical Mining - Mineralization Open at Depth

5 Material New Mineralized Zones Discovered

Geophysics Corroborates New Discoveries

Recent Work Completed

Second Resource - Queen Specimen (Expected Q2 2020)

Resource Drilling at Queen Specimen Mineralized Zone

Queen Specimen Cross Sections & Drilling Highlights

Assay Highlights from Queen Specimen

Cross Sections from Queen Specimen

California is Actively Permitting Mines

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