CA TSX .V: OCG US OTCPK: MRDD.F DE DB: MRG1 A ‘Prospect Generator’ exploring for a world-class discovery in Colombia (also holds option on 3.3% NSR on Lucky Shot Mine in AK) August 2019 www.outcropgoldcorp.com 1
CA TSX .V: OCG US OTCPK: MRDD.F DE DB: MRG1 Our three most important projects. August 2019 www.outcropgoldcorp.com 2
FORWARD – LOOKING STATEMENT This presentation contains forward-looking statements and factual information that are current as of the date the presentation was originally delivered. Outcrop Gold Corp disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward- looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of properties; future prices of mineral resources; accidents, labor disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals of financing. The qualified person for any technical information in this presentation is Joseph Hebert, President and Chief Executive Officer and Qualified Person. The information in this presentation has been obtained by from its Outcrop own records and from other sources deemed reliable. However, no representation or warranty is made as to its accuracy or completeness. 3 3
MANAGEMENT AND DIRECTORS JOSEPH P HEBERT, B.S. Geology President, Chief Executive Office, Chairman and Director 2004. Mr. Hebert is credited with team participation in multiple gold discoveries in Nevada and Utah over the course of his 36-year career and was instrumental in assembling the company's exploration staff in Medellin, Colombia and its Colombian Portfolio. In 2004 drilled the first hole in ET Blue, now Goldrush on the Barrick’s Cortez Mine Project. Credited with the Mallaha Creek discovery at Jerrit Canyon, NV, and discoveries in Goldstrike District, UT. Mr. Hebert worked overseas by contract in Generative Exploration in Mongolia, Colombia and Suriname for several companies. JOHN ANDERSON Director John Anderson, President of Purplefish Capital, has over 20 years of Capital market experience specializing in the resource sector. He was a founder of Deep 6 PLC, American Eagle Oil and Gas as well a founding general partner in Aquastone Capital LLC, a New York based gold fund. Anderson has raised more than $35 million for Triumph Gold where he also serves as executive chairman 4
RAKESH PATEL Chief Financial Officer Rakesh Patel is a partner in the Audit and Assurance Group at DMCL Chartered Professional Accountants. He provides audit and advisory services to Canadian and US private companies and specializes in guiding private companies entering the public markets. He also has extensive knowledge of Canadian and US securities rules relating to public markets, initial public offerings, prospectuses and mergers and acquisitions. KEVIN NISHI Director Mr. Nishi serves as an independent director and is a member of the Chartered Professional Accountants of British Columbia and Chartered Business Evaluator in practice with Smythe LLP, CPA’s. He has been a partner in the firm since 1996. Mr. Nishi holds a Bachelor of Business Administration from Simon Fraser University. He has extensive background in accounting and auditing for public and private companies and is a director of several publicly traded mineral exploration companies. 5
JAMES F. CRAGG Director Mr. Cragg is an independent director of the Company. He is the President and Chief Operations Officer or MegaPath Networks, Inc., a leading North American IP communication provider. Mr. Cragg is proficient in financial analysis, negotiations, forecasting, deal making and investment banking. He was previously CEO of Linmor Inc., President and COO of PSINet, and President and COO of Advanced Communications Group, Inc. 6
CAPITAL & SHARE STRUCTURE Outstanding Price ($) Shares Common shares @ Aug 2019 52 week low $0.10 29,024,928 52 week high $0.50 (plus share purchase for Santa Ana) (+7,000,000 pending TSX approval) Stock Options Exercisable at $01.10 average 416,000 Warrants Exercisable at $0.61 average 21,438,480 Fully diluted 50,879,408 Cash last reported $1,021,243 May 2019 3Q Financials 7 7
EIGHT COLOMBIA PROJECTS Department of ANTIOQUIA • Lyra – JV with Newmont • Antares • Kuntur • Oribella • Argelia Department of CAUCA SANTA ANA • Cauca - Flagship project with resource and upside. Department of TOLIMA • Santa Ana – Colonial District with primary high-grade silver and gold • Eight drill-holes indicates a discovery. Department of NARINO • Mallama – One of the largest vein districts In Colombia . • High-grade gold and silver in numerous artisan mines and mills. 8 8
CAUCA PROJECT Extensive epithermal Au-Ag & carbonate base metal + gold veins overprint a large gold-copper porphyry Drilling, projecting and block modeling abundant oveprinting veins are key to building an attractive resource. 22,000 meters of historic core-drilling www.outcropgoldcorp.com 9 9
CAUCA PROJECT Cauca Project in same prolific mineral belt as Cascabel, Ecuador and La Colosa, Colombia Cauca is located within a prolific belt of giant porphyry and epithermal systems including Cascabel and Llurimagua and La Colosa. True elephant-country. 10 10
CAUCA PROJECT Asset Overview • Drill intercept 1095 g Au/t • Project Earn-in and purchase option for 100% ownership. • Cauca Department • 1808 ha title and ~2000 ha application surrounding • Strong epithermal overprint to large Au-Cu Porphyry • Good access, water, power within reasonable extension of Infrastructure grid. Near Pan American Highway. Drilling • 22,000 m , 100-200 m spacing in La Custodia Porphyry. Au Mineralization • Epithermal & CBM-Au veins overprint a large Au-Cu porphyry plus 1.2 x 1.2 km is size. Veins are not included in resource. • Local abundant coarse gold • Global resource of 700,000 ounces at 0.560 g Au-Eq/t in La “Resource” Custodia deposit. Definition and modeling of veins will Epithermal vein within a sheeted increase deposit grade and ounces significantly and has sheeted zone. excellent potential to demonstrate an attractive discovery. 11
CAUCA PROJECT Global and a pit-constrained resource using 0.30 g/t Au grade shells La Custodia optimized open pit – no vein model • Global Resource of 700,000 Au/Eq. from 22,000m of core. • Grade 0.560 g/t Au/Eq (Au with minor Cu + Ag credits) • Epithermal parallel vein swarm overprints porphyry-style mineralization. Veins are not defined or modeled and thus currently don’t contribute to grade. • Infill and angle holes oriented perpendicular to vein zones should increase overall grade for Au , Cu and Ag and significantly enhance the deposit. A 3X or more enhancement of the 0.560 g Au/t “background porphyry grade” is possible. • 100 – 200m centers for existing drilling likely to underestimate vein persistence and density. Ten of eighteen holes are vertical or very high-angle as are the veins. NON-NI 43101 Numerous veins are undrilled when compared to surface mapping. 12
CAUCA PROJECT: Exploration Concept 1. A huge volume of mineralized porphyry. 2. Abundant high-grade veins are not incorporated in grade models. 3. Vein definition and modeling likely to signficantly increase deposit grade. “GLOBAL BLOCK MODEL” Cutoff AuEq Tonnes 0.29 0.39 328,553,293 0.33 0.42 222,161,289 0.39 0.47 126,044,165 0.48 0.55 47,667,842 0.65 0.71 3,864,960 “PEA OPTIMIZED PIT” OPTIMIZED PIT CUTOFF Au g/t Ag g/t Cu % Tonnage Carboandes Report 0.375 0.506 1.50 0.10 31,439,000 Non-NI 43-101 1 km 12 13
CAUCA PROJECT: THE REAL DISCOVERY STORY IS THE EPITHERMAL VEINS THAT OVERPRINT THE PORPHYRY 40 m with 7 parallel veins in Porphyry 10 m wide sheeted vein zone in Porphyry sheeted veins detail 14 14
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