2 . 2 M i l l i o n o z @ 1 1 . 3 g / t g o l d A R A P I D L - PowerPoint PPT Presentation

2 . 2 M i l l i o n o z @ 1 1 . 3 g / t g o l d A R A P I D L Y G R O W I N G H I G H - G R A D E G O L D D I S C O V E R Y ASX 300 BELLEVUE GOLD PROJECT | WESTERN AUSTRALIA Follow us @bellevuegold May 2020 Resources Rising Stars Virtual Investor Forum WWW.BELLEVUEGOLD.COM.AU | ASX: BGL

DISCLAIMER CAUTIONARY STATEMENTS AND DISCLAIMER This presentation has been prepared by Bellevue Gold Limited (the Company) and is authorised by Company’s public filings. There can be no assurance that the forward-looking statements will prove the Board of Directors of Bellevue Gold Limited. to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward- DISCLAIMER looking statements. Any forward-looking statements are made as of the date of this presentation, This presentation has been prepared by Bellevue Gold Limited based on information from its own and the Company assumes no obligation to update or revise them to reflect new events or and third party sources and is not a disclosure document. No party other than the Company has circumstances, unless otherwise required by law. This presentation may contain certain forward authorised or caused the issue, lodgement, submission, despatch or provision of this presentation, or looking statements and projections regarding: takes any responsibility for, or makes or purports to make any statements, representations or estimated, resources and reserves; • undertakings in this presentation. Except for any liability that cannot be excluded by law, the planned production and operating costs profiles; • Company and its related bodies corporate, directors, employees, servants, advisers and agents planned capital requirements; and • (Affiliates) disclaim and accept no responsibility or liability for any expenses, losses, damages or planned strategies and corporate objectives. • costs incurred by you relating in any way to this presentation including, without limitation, the Such forward looking statements/projections are estimates for discussion purposes only and should information contained in or provided in connection with it, any errors or omissions from it however not be relied upon. They are not guarantees of future performance and involve known and caused, lack of accuracy, completeness, currency or reliability or you or any other person placing unknown risks, uncertainties and other factors many of which are beyond the control of the any reliance on this presentation, its accuracy, completeness, currency or reliability. This Company. The forward looking statements/projections are inherently uncertain and may therefore presentation is not a prospectus, disclosure document or other offering document under Australian differ materially from results ultimately achieved. The Company does not make any representations law or under any other law. It is provided for information purposes and is not an invitation nor offer and provides no warranties concerning the accuracy of the projections, and disclaims any of shares or recommendation for subscription, purchase or sale in any jurisdiction. This presentation obligation to update or revise any forward looking statements/projects based on new information, does not purport to contain all the information that a prospective investor may require in future events or otherwise except to the extent required by applicable laws. connection with any potential investment in the Company. Each recipient must make its own NO NEW INFORMATION OR DATA independent assessment of the Company before acquiring any shares in the Company (Shares). This presentation contains references to Mineral Resource estimates, all of which have been cross The Company has made reference to historic drilling and exploration results from a variety of referenced to previous market announcements made by the Company. The Company confirms Exploration company's over the past 30 years that had previously explored the Project. that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources that all FORWARD LOOKING INFORMATION material assumptions and technical parameters underpinning the estimates in the relevant market This presentation contains forward-looking statements. Wherever possible, words such as “intends”, announcement continue to apply and have not materially changed. Exploration results – Refer to “expects”, “scheduled”, “estimates”, “anticipates”, “believes”, and similar expressions or statements ASX announcement on that said date for full details on these exploration results. Bellevue Gold is not aware of any new information or data that materially effects the information in the said that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or announcement. be achieved, have been used to identify these forward-looking statements. Although the forward- looking statements contained in this release reflect management’s current beliefs based upon For further details, please contact information currently available to management and based upon what management believes to be reasonable assumptions, The Company cannot be certain that actual results will be consistent with Mr Steve Parsons Mr Luke Gleeson Mr Paul Armstrong these forward-looking statements. A number of factors could cause events and achievements to Managing Director Head of Corporate Development Media Relations- Read Corporate differ materially from the results expressed or implied in the forward-looking statements. These factors should be considered carefully and prospective investors should not place undue reliance T: +61 8 6424 8077 T: +61 8 6424 8077 T : +61 8 9388 1474 on the forward-looking statements. Forward-looking statements necessarily involve significant known E: admin@bellevuegold.com E :lgleeson@bellevuegold.com.au E : paul@readcorporate.com.au and unknown risks, assumptions and uncertainties that may cause the Company's actual results, events, prospects and opportunities to differ materially from those expressed or implied by such REGISTERED ADDRESS forward-looking statements. Although the Company has attempted to identify important risks and Level 3, Suite 3 factors that could cause actual actions, events or results to differ materially from those described in 24 Outram Street forward-looking statements, there may be other factors and risks that cause actions, events or West Perth WA 6005 results not to be anticipated, estimated or intended, including those risk factors discussed in the ASX: BGL | 2

ONE OF AUSTRALIA’S HIGHEST -GRADE NEW GOLD DISCOVERIES BELLEVUE GOLD PROJECT – A MAJOR MULTI-MILLION OZ GOLD SYSTEM GROWING RAPIDLY +3,600 km 2 WAS ONE OF AUSTRALIA’S 6.1 Mt @ 11.3 g/t for 2.2 Million oz gold 1 strategic landholding RICHEST GOLD MINES Bellevue Gold Project JORC Inferred Resource Estimate PRODUCING Tier 1 jurisdiction . 0.8 Moz @ 15 g/t GOLD • Resources are OPEN . (1986 TO 1997). • Adjacent existing historical underground development. • Outcrops at surface. Funded well into 2021 • Multiple high-grade lode gold system. ~A$37.8 million cash 2 CLOSED & FORGOTTEN • Excellent gold recoveries of 98.8%. FOR 20 YEARS • Granted mining licenses. (1997 TO 2017) • A major gold mining district with excellent infrastructure. Recent Discovery Deacon Lode Maiden Inferred Resource 1 BELLEVUE GOLD LTD 1.0Mt @ 12.3 g/t for 0.4 Outlook 2020 Dewatering underground. • IS THE FIRST COMPANY TO Million oz gold 2-4 x diamond core drill rigs. Economic mining studies. • • EXPLORE FOR GOLD SINCE & Step-out resource growth. Resource upgrades. THE MINE CLOSED IN 1997 • growing • Infilling for higher confidence. 20 km strike potential. • • Footnotes: 1. Refer ASX Resource Estimate 24/2/2020. 2. As announced to ASX on 23 April 2020 in the document titled March 2020 Quarterly Report. ASX: BGL | 3

BELLEVUE HIGH-GRADE GOLD RAPIDLY GROWING A GLOBALLY SIGNIFICANT HIGH-GRADE GOLD SYSTEM BELLEVUE GOLD IS RAPIDLY CREATING SHAREHOLDER VALUE THROUGH DRILL METRES & CONSISTANT RESOURCE GROWTH THE PROJECT HAS A HOST OF COMPETITIVE ADVANTAGES ONE OF AUSTRALIA’S HIGHEST -GRADE GOLD MINES PRODUCING 0.8 Million Oz @ 15 g/t GOLD FROM 1986 – 1997 11.3 2.2 g/t Moz Strong cash balance One of the A globally Mineralisation 28km’s of $37.8m highest-grade significant can be targeted existing for new gold high-grade with underground exploration growth, discoveries resource; one Geophysics; no infrastructure indicated category, globally in a of the fastest false positives and previous dewatering & Tier 1 mining growing resulting in gold recoveries economic mining jurisdiction resources in discovery cost of 97.5% studies Australia of $15oz in 2020/21 ASX: BGL | 4