A Prospect Generator exploring for a world-class discovery in - - PowerPoint PPT Presentation

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) www.outcropgoldcorp.com August 2019

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CA TSX .V: OCG US OTCPK: MRDD.F DE DB: MRG1

Our three most important projects.

www.outcropgoldcorp.com August 2019

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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.

FORWARD – LOOKING STATEMENT

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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.

MANAGEMENT AND DIRECTORS

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

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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.

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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.

CAPITAL & SHARE STRUCTURE

Outstanding Price ($) Shares Common shares @ Aug 2019 (plus share purchase for Santa Ana) 52 week low $0.10 52 week high $0.50 29,024,928 (+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

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EIGHT COLOMBIA PROJECTS

Department of ANTIOQUIA

• Lyra – JV with Newmont
• Antares
• Kuntur
• Oribella
• Argelia

Department of CAUCA

• 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.

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SANTA ANA

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Extensive epithermal Au-Ag & carbonate base metal + gold veins

• verprint a large gold-copper porphyry

www.outcropgoldcorp.com

CAUCA PROJECT

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Drilling, projecting and block modeling abundant oveprinting veins are key to building an attractive resource. 22,000 meters of historic core-drilling

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Cauca is located within a prolific belt of giant porphyry and epithermal systems including Cascabel and Llurimagua and La Colosa. True elephant-country.

CAUCA PROJECT

Cauca Project in same prolific mineral belt as Cascabel, Ecuador and La Colosa, Colombia

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• Earn-in and purchase option for 100% ownership.
• Cauca Department
• 1808 ha title and ~2000 ha application surrounding
• Good access, water, power within reasonable extension of
• grid. Near Pan American Highway.
• 22,000 m , 100-200 m spacing in La Custodia Porphyry.
• 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.

• Global resource of 700,000 ounces at 0.560 g Au-Eq/t in La

Custodia deposit. Definition and modeling of veins will increase deposit grade and ounces significantly and has excellent potential to demonstrate an attractive discovery. Drilling Mineralization Infrastructure “Resource”

• Drill intercept

1095 g Au/t

• Strong epithermal overprint

to large Au-Cu Porphyry

• Local abundant coarse gold

CAUCA PROJECT

Asset Overview

Project

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Au Epithermal vein within a sheeted sheeted zone.

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• 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. Numerous veins are undrilled when compared to surface mapping.

Global and a pit-constrained resource using 0.30 g/t Au grade shells NON-NI 43101

La Custodia optimized open pit – no vein model

CAUCA PROJECT

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

Cutoff AuEq Tonnes

1 km

OPTIMIZED PIT CUTOFF Au g/t Ag g/t Cu % Tonnage Carboandes Report 0.375 0.506 1.50 0.10 31,439,000

“GLOBAL BLOCK MODEL” Non-NI 43-101

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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.

“PEA OPTIMIZED PIT”

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40 m with 7 parallel veins in Porphyry 10 m wide sheeted vein zone in Porphyry

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sheeted veins detail

CAUCA PROJECT:

THE REAL DISCOVERY STORY IS THE EPITHERMAL VEINS THAT OVERPRINT THE PORPHYRY

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The weighted average grade for thirty-five intercepts

• ver 3 g Au/t is 8.5 g Au/t capped at 42 g Au/t uncapped with a 1.7 m

average drill intercept; 0.70 to 1.0m true thickness on average. An additional 51 epithermal intercepts at 1.7 to 2.9 g Au/t over 2 m average drill intercept. On average vein gold grades are 12 times porphyry gold grades. Veins are not significantly represented in deposit grade model; yet may contain more metals endowment than the Porphyry.

86 drill Intercepts of epithermal veins or sheeted vein zones:

Drill-hole Intercept Interval Grade from to m g Au/t g Ag/t %Cu CJM 10 168.2 170.08 1.88 8.77 5.61 0.42% CJM 7 296.6 300.5 3.9 4.50 0.6 0.02% CJM 8 39.3 40.6 1.3 5.79 1 0.02% 57 59 2 7.84 0.8 0.04% 205 206.6 1.6 3.25 1.90 0.01% DHHU 005 110 112 2 1095.4 100 0.19% DHHU 008 14.1 18.1 4 3.48 4.3 0.25% DHLC 001 217.68 219.68 2 16 3.7 0.05% DHLC 002 277 279.1 2.1 3.36 1.67 0.20% 407.2 408 0.8 15.12 1.2 0.00081% 418 420 2 17.75 0.9 0.12% 421.7 422.3 0.6 15.9 2.10 0.36% DHLC 003 388 390 2 4.34 0.1 0.02% DHLC 008 133.8 134.4 0.6 13.65 2.20 0.20% 146.9 149.2 2.3 5.27 12.53 0.25% DHLC 009 431.8 432.4 0.6 3.8 7.3 1.11% DHLC 010 345 346 1 3.06 0.10 0.48% 349 351 2 5.00 0.40 0.30% 355 356 1 3.45 0.30 0.33% 395 398.4 3.4 4.41 0.88 0.83% DHLC 012 118.1 118.6 0.5 13.85 0.6 0.20% 154.1 155.04 0.94 6.16 9.00 1.36% 278.35 279.2 0.85 3.31 2.50 0.97% 284.6 285.3 0.7 4.02 0.50 0.39% DHLC 013 49.7 51.6 1.9 5.19 1.1 0.98% 413 420.2 7.2 3.51 11.20 0.30% DHLC 015 319 321 2 28.40 1.00 0.84% DHLC 016 169.1 169.7 0.6 4.21 11.30 2.49% 196.36 196.86 0.5 18.80 2.90 0.41% DHLC 016A 21.8 24 2.20 6.57 4.7 0.43% 153.52 154.9 1.38 3.93 20.60 0.30% 317.17 317.9 0.73 7.38 0.80 0.16% DHLC 017 262 263.08 1.08 3.67 2.60 1.47% 274.4 275.4 1 5.98 5.20 1.60% DHLC 018A 352.5 353.73 1.23 16.85 4.30 0.52%

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CAUCA PROJECT Eighty-six EPITHERMAL VEIN intercepts ; but NO veins projected in historic grade

• models. Bonanza-veins indicated.

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CAUCA PROJECT

Outcrop Gold partial vein model on porphry block model and optimized open-pit

• Drilling is too sparse to define veins.
• Drill density = vein density.
• Veins extend beyond porphyry and
• ccur in entire ‘global resource’.
• More drilling equals more veins.

A plus 300,000,000 tonne block model at 0.39 g Au/t (‘global resource’) with high potential for grade enrichment where veins are high-density. 100m x100m grid

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CUTOFF gpt Tonnage_within_class mt_above_CO 3 3,384,150 7,773,150 5 2,244,000 4,389,000 10 2,145,000 2,145,000 7,773,150

“PRELIMINARY VEIN MODEL”

1. 34 vein segments inferred. 2. 1 m average width 3. Block modeled from 86 epithermal drill intercepts and assays. 4. 400m limit to strike ; 200m limit to dip projection in model. 5. Supported by one to three core-holes intercepts. 6. Veins are more complicated and need definition. 7. Modeled veins use and average preliminary inferred orientation.

NON-NI 43101

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Block modeling shows 7.77mt attributed to veins using a 3 g Au/t cut-off. Grade estimates vary depending on capping. CAUCA PROJECT: ‘The veins’

8.5 g Au/t conservative average for veins PLAN X-SECTION

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CAUCA PROJECT: View of La Custodia deposit.

All estimates NON-NI 43101 used for exploration potential only. The internal modeling is using good standards however by geologists and resource engineers.

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CAUCA PROJECT: La Custodia deposit conclusions:

• The large low grade La Custodia deposit needs definition and modeling of abundant

epithermal high-grade gold and base metal-gold veins.

• Preliminary modeling suggests the current deposit grade has the potential to be

enhanced by a factor of three or more (3 x 0.550 g Au/t) in veins are included in grade

• models. The veins on average contain twelve times the grade of intervening porphyry.
• Where vein density is high enough large areas of the La Custodia deposit can be

evaluated for bulk mining of porphyry and veins together at attractive grades. Vein density looks promising in several areas in the block model and as observed on ground.

• Some veins zones at 1m width and plus 8.5 g Au/t grades may be evaluated for

underground mining beyond bulk minable limits. The target for a bulk minable grade is 1.5 to 2.0 g Au/t.

• The La Custodia deposit and the greater area of the Cauca title where veins and

anomalous soils are already identified present world-class exploration potential. Little

• f the project is drilled.

Spanish Archive for year 1585 reports: 14 Mines average 4 kg Ag/t up to 17 kg Ag/t from 1.4m veins.

www.outcropgoldcorp.com

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SANTA ANA

Colonial-Era high-grade primary silver with gold

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Native silver: 11.2 g Au/t native & 2,820 g Ag/t (0.15 m of 0.70 m vein) Asset Overview

SANA ANTA SILVER PROJECT

Drilling Mineralization Infrastructure Project

• 100 % owned, 669 ha
• 190 km ENE of Bogota
• Historic Mariquita Ag District
• Prolific colonial mining camp with up to

17 kg Ag/t over 1.4 m recorded.

• Highway, grid power, water
• 1800 m extends veins to 150 m below

historic mine with up to 2545 g Ag Eq/t in three parallel veins 1.4m wide.

• Silver-gold early orogenic and later

epithermal fold-thrust belt- for deep depth potential. Veins outcrop.

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SANA ANTA SILVER PROJECT : Over 7km cumulative strike of veins.

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Hole From (m) To (m) Length (m) Au (g/t) Ag (g/t) AgEq (g/t) CP-1201 78.45 79.30 0.85 1.34 667

760

CP-1202 110.03 110.56 0.53 1.21 389

473

CP-1203 83.82 86.86 3.04 3.68 1495

1751

CP-1203 100.58 102.40 1.82 1.26 1378

1465

CP-1204 133.15 134.97 1.82 0.47 149

182

CP-1205 70.10 74.70 4.60 0.32 179

201

CP-1205 88.00 88.80 0.80 1.64 532

646

CP-1205 104.84 107.22 2.38 0.38 193

219

CP-1206 124.66 125.15 0.49 0.34 742

765

CP-1206 137.00 137.66 0.66 1.89 685

816

CP-1207 170.47 170.76 0.29 2.45 746

916

CP-1208 164.00 169.16 5.16 3.51 527

771

includes: 164.00 165.34 1.34 10.17 1839

2545

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SANA ANTA SILVER PROJECT: 2014 drilling suggests a high-grade primary silver discovery.

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SANA ANTA SILVER PROJECT: Drilling shows three parallel veins averaging 1.4m. All eight holes hit high-grade silver mineralization.

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SANA ANTA SILVER PROJECT: Conclusions

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• Santa Ana is the highest grade primary silver project in Colombia.
• The character of historic mining and modern drilling suggests a successful modern

mining scenario at some scale is likely.

• High-grade samples in historic workings and at surface offer numerous quality

targets.

• The municipality of Falan is very supportive of responsible mining.
• The municipality has excellent security conditions and a mining culture.
• Outcrop Gold’s acquisition of Santa Ana is well timed for silver prices and market

interest in high-grade primary silver projects.

• In addition to very high silver grades; local system metal zoning provides gold assays

to 68 g Au/t with silver.

Artisan non-selective mining typical at 23 g Au/t In over 100 sq km district

www.outcropgoldcorp.com

MALLAMA

A giant epithermal vein system

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Asset Overview

Drilling Mineralization Infrastructure Project

• 100 % owned - 9,000 ha
• Nariño Department
• Largest vein district by area in Colombia
• 40 plus veins identified ; artisan mining plus

22 g Au/t.

• Good access to project
• Numerous active artisan mines and mills
• Intermediate sulfidation epithermal veins
• verprint ductile shear zone, both with gold

in same structure.

• Plus 20 g Au district grades, 7:1 Ag: Au

MALLAMA EPITHERMAL VEIN SYSTEM

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MALLAMA EPITHERMAL VEIN SYSTEM IN PROLIFIC BELT

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Detailed work by JICA foreign development 1980. But vein zones of same character occur in 100 sq km district.

MALLAMA EPITHERMAL VEIN SYSTEM – Four vein groups recognized.

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• Consistent high-grade veins in five

main groups within district of 100 sq km.

• Multiple parallel vein-packages of 4 to

6 km strike

• Recon u/g samples from 11 to 73 g

Au/t and 75 to 1400 g Ag/t.

• 1m vein average in packages of 8 or

more veins.

• Adjacent (to northeast) Diamante

Mine is highest grade historic mine in Colombia and still operating.

MALLAMA EPITHERMAL VEIN SYSTEM

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• Numerous operating

artisan mines and mills

• Resources here could be

quickly blocked out underground on four or more veins

• Known production areas

could be quickly expanded

• Simultaneous exploration
• f entire district and for

near term operating mine. Bombona zone: 4 active production portals and 3 operating mills on different veins.

MALLAMA EPITHERMAL VEIN SYSTEM

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• High vein density of 11 or more

parallel veins.

• Extensive workings and mills in

Bombona zone provide immediate advanced target likely to extend “shoots” in active artisan mines.

• Good grade and structural continuity.
• Underground sampling shows

non-selective mined grade at weighted average of 22.5 g Au/t. Bombona Zone

MALLAMA EPITHERMAL VEIN SYSTEM

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MALLAMA EPITHERMAL VEIN SYSTEM – Bombona Zone

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• Systematic sampling by

shows mined grade of 22.3 g Au/t.

• Similar grades reported by

local artisan miners in numerous workings.

• All mineralization shown is
• pen along strike and dip. Likely more

sampling would show 200m of continuous mineralization within the vein to end.

• Central sampling is from

different levels 30m vertical extent open up and down dip. Numerous high-grade artisan mines in Bombona Zone that are accessible for sampling.

MALLAMA EPITHERMAL VEIN SYSTEM

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Bombona Zone production area extensively sampled by Outcrop Gold

MALLAMA EPITHERMAL VEIN SYSTEM

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• Possible new joint ventures.
• Trench and roadcut results from Cauca
• Stream sediment (Newmont Goldcorp) and other

recon Lyra Project next to Buritica along controlling faults.

• Integrate surface sampling and vein modeling Cauca
• Start scout drill program either Santa Ana or Cauca.
• Drill results high-grade veins Cauca or Santa Ana
• New projects subsequent to more joint ventures.

Near and Medium Term Longer Term

• Plan to secure Funding Alliance with Major
• Partner drilling (Newmont and other JVs) on projects
• Outcrop Gold and Partner Cauca delineation drill program.
• Inferred resource Cauca vein and porphyry including

bulk minable and underground targets.

• Production NSR when Lucky Shot put in production

CATALYST AND OPPORTUNITIES

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www.outcropgoldcorp.com

3.3% NSR to sell or collect proceeds in future

LUCKY SHOT

Mine Royalty

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CA TSX .V: OCG US OTCPK: MRDD.F DE DB: MRG1

A Prospect Generator exploring for a world class discovery in Colombia

www.outcropgoldcorp.com August 2019

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