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Certain statements contained herein, as well as oral statements that may be made by Rye Patch Gold Corp. (“the Company”) or by officers, directors or employees of the Company acting on its behalf, that are not statements of historical fact, may constitute forward-looking information within the meaning of applicable Canadian securities legislation. Such forward � looking information and statements (collectively, the “forward-looking statements”) concern the Company’s anticipated results and developments in the Company’s operations in future periods, the price of gold, the estimation of mineral resources and mineral reserves, the timing of planned exploration, development and production of its properties, sources of funds and timing of the anticipated equity and debt financings, including expected returns from the Rochester Mine 3.4% net smelter returns royalty (the “Rochester Mine Royalty”), plans related to and terms and conditions of the prospective acquisition of the Florida Canyon mine, plans related to its business, use of proceeds from the financings and other matters that may occur in the future. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies and include assumptions as to the Company’s resource estimates, the price of gold and silver, the continued operation of the Rochester Mine by Coeur Mining, Inc. (“Coeur”) in accordance with Coeur’s public statements, the achievement of the Rochester Mine production as stated and forecast by Coeur and the uninterrupted payment of the Rochester Mine Royalty, and assumptions associated with the acquisition of the Florida Canyon mine. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the currency markets such as Canadian dollar and U.S. dollar; fluctuations in the prices of gold and silver and other minerals; changes in government legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; risks associated with mining activities; the speculative nature of exploration, including the risk of obtaining necessary licenses and permits, and quantities or grades of mineral resources; the nature of mineral exploration and mining and the uncertain commercial viability of certain mineral deposits; the Company’s lack of operating revenues; the Company’s ability to obtain necessary financing to fund the development of its mineral properties or the completion of further exploration programs in accordance with its announced exploration program; the cash flow to be received from the Company’s Rochester Mine Royalty as projected in its cash flow model; and risks associated with the acquisition of the Florida Canyon mine. This is not an exhaustive list of the factors that may affect the Company’s forward-looking statements. Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Any forward � looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward � looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward � looking statements are reasonable, forward � looking statements are not guarantees of future performance and accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Cautionary Note The Company cautions that the preliminary economic assessments (“PEA”) prepared for each of the Florida Canyon and the Lincoln Hill property described below are preliminary in nature in that they are based in part on Inferred Mineral Resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be characterized as mineral reserves, and there is no certainty that either of the PEAs will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company’s decision to place the Florida Canyon mine into production is not based on a feasibility study of mineral reserves demonstrating economic and technical viability, and the Company cautions that historically such projects have a much higher risk of economic or technical failure. '!
! ! The Next Nevada Gold Producer Re-start completed – mining, crushing & loading " ! 75 koz Au annual production over +8 year mine life " ! Florida Canyon Expansion to 100 koz Au – 12 to 18 month " ! Panther Canyon Lincoln Hill Project robust at US$1000 gold " ! Rochester Mine Wilco NSR ! ! Strong Near Term Cash Flow First gold pour expected in Q2 2017 " ! Fully financed " ! ! ! Expert Low Grade Operators & Strong Management Team Florida Canyon operators have a demonstrated track " ! record of execution ! ! District Scale Land Package in Nevada – Oreana Trend Measured and Indicated mineral resource in excess of 3.0 Moz AuEq and " ! an Inferred mineral resource of 1.4 Moz AuEq Excellent expansion & development of adjacent oxide deposits " ! Serious sulfide potential beneath Florida Canyon oxide deposit " ! 6!
Oreana Trend Produced to date: ~3.5Moz Au " ! 180 square kilometres (69.5 sq. miles or 44,500 acres) " ! Largest mines are Florida Canyon and Rochester " ! Limited exploration over the last 30 years " ! Rye Patch - largest land holder on the trend Path to Increasing Production " ! Completed re-start – 75kozs per annum " ! 75kozs to 100kosz within next 18 months at Florida Canyon " ! Lincoln Hill on path to production in 2019 " ! Wilco production will follow after Lincoln Hill " ! Produced to date: Florida Canyon has 180kozs capacity at ADR & refinery ~110 Moz Ag and ~1 Moz Au Alternate Sources of Revenue " ! Rochester 3.4% NSR Royalty " ! ~US$5.0mm in annual cash flows through 2018 " ! Residual leaching " ! ~US$1.0mm per month 7!
Florida Canyon Gold Sold and Gold Price <(,((:! '98((,((! E(/$6&7(6%&>*/F*/&G&HIHJK(L+& & *(,((:! D#"&7(6%&2")(#".3&G&MNIOP& & '9(((,((! ;(,((:! 4*55*6$/0#"&7(6%&8$6"+&9:;<<<=& 8(,((:! 7>?@&2A4>BA2C& )98((,((! 7(,((:! >?!@.%2A.$-! >?!B$C%.! )9(((,((! 6(,((:! D?5!E234!F#3.G! '(,((:! 8((,((! )(,((:! (,((:! (,((! )=<;! )=<*! )=<<! )=<=! )==(! )==)! )=='! )==6! )==7! )==8! )==;! )==*! )==<! )===! '(((! '(()! '(('! '((6! '((7! '((8! '((;! '((*! '((<! '((=! '()(! '())! '()'! '()6! '()7! '()8! CAD28& 8!
Florida Canyon – PEA Summary Asset Overview Mine Type Heap Leach All aspects of mine operation fully permitted " ! Mine Life Years 8.5 Pad, plant, offices and all equipment on site " ! Resource (M+I) koz 1,126.6 Efficient leach kinetics with majority of gold leached " ! recoverable within 30 to 45 days Ore Grade g/t Au 0.45 Strip Ratio waste:ore 1.47:1 Mining same rocks & placing them on a new leach pad " ! Located in an infrastructure and transportation corridor, Au Recovery Rate % 71.1% " ! ~70km south of Winnemucca, NV LOM Gold Production Koz 612.5 Immediately adjacent to Interstate 80 " ! Annual Production Koz 76.5 Adjacent to rail and power Cash Costs US$/oz Au $759 " ! AISC US$/oz Au $887 >?@&& Initial Capex US$mm $28.9 ?AD4Q&& Payback (After Tax) Years 3.0 -D@& NPV 5% (After Tax) US$mm $56.4 IRR % 34.4% Price of gold US$1,000/oz in years 1 and 2 and US$1,150/oz thereafter % of Base NPV 5% 1 IRR Gold Price Gold Price Yr 1 & 2 After Yr 2 Case % $/oz Au $/oz Au $000,000’s 90 11.5 14.5 $900 $1,035 100 45.8 34.4 $1,000 $1,150 110 80.2 53.8 $1,100 $1,265 1) After-tax basis. The Company cautions that the PEA is preliminary in nature in that it is based in part on Inferred Mineral Resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be characterized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company’s decision to place the Florida Canyon mine into production is not based on a feasibility study of mineral reserves demonstrating economic and technical viability, and the ;! Company cautions that historically such projects have a much higher risk of economic or technical failure.
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FIRST BLAST Jasperoid Hill Pit 5620 bench • ! Mining started on November 1, 2016 =!
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