Investor Presentation April 2020 CSE : GSK
Forw rward Looking Statements & Qualified Person Forward Looking Statements: This presentation contains certain statements that may be deemed “forward - looking statements”. All statements, other than statements of historical fact, that address events or developments that Goldseek Resources Inc. expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or th at events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Goldseek Resources believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploration and production successes or failures, continued availability of capital and financing, inability to obtain required shareholder or regulatory approvals, and general economic market or business conditions. Forward- looking statements are based on the beliefs, estimates and opinions of Goldseek’s management on the date the statements are made. Qualified Person: The scientific and technical disclosure in this presentation regarding the Horizon Property has been reviewed and approved by Garry Clark P.Geo (ON), a Qualified Person as defined in NI 43-101. The scientific and technical disclosure in this presentation regarding the Bonanza Property has been reviewed and approved by Steven Lauzier, P.Geo OGQ1430, a Qualified Person under NI 43-101. 2
Investment Highlights Grassroots opportunity to invest in newly listed public company Large landholdings in Urban Barry (Osisko Mining, Bonterra Resources), Hemlo (Barrick) and Fenelon (Wallbridge Mining) gold mining camps 100% ownership Early exploration work on Goldseek’s properties indicate several prospects in both gold mining camps Drill ready targets Recent 43-101 on each property Mining friendly jurisdictions Management has extensive mining and business experience Large management/insider ownership position 3
History Goldseek Resources (CSE : GSK) began trading on March 9, 2020 Acquired prior staked properties in both Urban Barry, Quebec and Hemlo, Ontario gold mining camps at low cost Acquired Southern Arm Property (Fenelon Gold Camp) through direct staking at low cost with no underlying royalty Final prospectus (dated February 14, 2020) used to clear special warrants No new funds raised on IPO Significant exploration work done on both properties before listing 4
Bonanza Project Urban Barry Camp, Quebec 5
Summary - Bonanza Project Contiguous claims (12,000 acres) in the Urban Barry Camp with 7.1 million ounces discovered-to-date Strong gold till soil samples from both Melkior Resources (TSXV:MKR) and Osisko Mining (TSX:OSK) on both sides of property, on trend Shares 28 km border with Osisko’s Great Bear target (OSK-UB-18-076 up to 3.07g/t Au, 26.2g/t Ag and 0.43% Cu) 11 TDEM anomalies 43-101 (November 13, 2019) completed by Steven Lauzier, P.Geo on SEDAR Easy access via Lebel-sur-Quevillon (70 km west) $4.7 billion development deal announced between the Eeyou Istchee James Bay Cree and the Government of Quebec The first phase includes powerlines out to the Windfall Camp 6
Urban Barry Mining Camp 7
Borders Osisko’s Great Bear T arget 8
VTEM Airborne Results 9.2 g/t Au + 1.8% Cu and 6.2 g/t Au + 0.85% Cu. TARGETS 9
Bonanza Property • 2 boulders close to each other with significant Au-Cu mineralization found on adjacent property • K-93-62 ( 9.2 g/t Au + 1.8% Cu ) and K-92-53 ( 6.2 g/t Au + 0.85% Cu) • Both show the same brecciated pyrrhotitic iron formation with recemented pyrite and chalcopyrite 10
Bonanza Property An iron formation is expected to show Where is the source of the 2 pyrrhotitic iron formation boulders? a long and strong magnetic anomaly and could be a good conductor depending of the mineralogy of the iron formation. First search for the source: In 1998, Aur Resources and ODM completed a magnetic survey which delineated a long magnetic anomaly which mapping found it to be a pyrrhotitic iron formation. The company drill tested the magnetic conductor with only one 100m drill hole. A limited layer of altered gneiss was found and was barren of gold. It was determined that the source was located further NE. Aur Resource Property (1998), boulders and DDH, from GM55916 11
Bonanza Property Where is the source of the two pyrrhotitic iron formation boulders? Second search for the source: Osisko 2018 Drill Hole In 2018, Osisko Mining searched for the source location on magnetic on their Great Bear Target. That area included anomaly the second closest up ice magnetic anomaly associated with a series of conductors defined by Osisko . From GM70939 : ‘’The first target […] Aur Resources Drill is located up-ice from two historical boulders Hole and boulder […].’’ location Four drill holes tested the target and no grades of interest were found and no mention of an iron formation is in the drill logs. 1 km 12
Bonanza Property Where is the source of the two pyrrhotitic iron formation boulders? Osisko drilled the second closest up ice possible source of the boulders. The magnetic anomalies didn’t show the presence of an iron formation and were explained by intrusions. The boulder’s lithogy correspond to an iron formation. No mineralization of this type is known in the Urban Barry belt to the North (Aur , 1998). The boulders aren’t likely sourced from further north. The only iron formation found in the area of the boulders was partly mapped and it also explained the long magnetic anomaly found by Aur in 1992. The one drill hole program that was undertaken in 1998 wasn’t sufficient to properly test the potential of the iron formation. 15 km of lateral extension of the iron formation is located on the Bonanza Property which provides the best target to find the source of the boulders. 13
Bonanza Property Can the iron formation on the Bonanza Property host the boulder mineralization or other mineralization similar to those found in the boulders? The Bonanza property contains both lateral extensions of the magnetic lineament defined by Aur Resources. Over 15 km Aur Resources of the same magnetic iron formation is on the property and Lineament, Boulder is also associated with conductor anomalies. and Drilling Location This is a unique opportunity to explore for mineralization similar to that found in the boulders : Pyrrhotitic iron formation hosting gold and copper mineralization (9.2 g/t Au + 1.8% Cu and 6.2 g/t Au + 0.85% Cu). Multiple geological features are found on the property. The most interesting ones are the coincident regional faulting with cross-cutting structures defined with the magnetic survey. Those also coincide with conductor anomalies and are prime targets for gold exploration. 14
Bonanza 2020 Work Program Phase I – Till and boulder sampling. $175,000 Planned survey lines Exploration using boulder tracing and systematic till sampling (white lines) down-ice from the magnetic lineament will help Goldseek to reduce the areas of interest by pointing which areas of the lineament could host mineralization. This could also find new mineralization in the greenstone belt in the northern part of the property. Phase II – IP survey. $75,000 A local IP grid would suffice to define the different context available for drilling. Phase III – Trenching and Drilling. $750,000 By identifying the type of IP response given by the mineralized boulder found during Phase I, we will be able to specifically determine which IP anomaly to test by trenching or drilling. Total Cost – $1,000,000 15
Horizon Project Hemlo Camp, Ontario 16
Summary - Horizon Project Contiguous claims (5,000+ acres) in the Hemlo Camp which has produced more than 21 million ounces 3 strong VTEM anomalies IP survey completed April 2019 further defined VTEM targets 4 km north of the Hemlo Deposit and shares 5 km border with Barrick 43-101 (November 8, 2019) completed by J.Garry Clark, P.Geo on Sedar Signs of renewed exploration activity in area by Barrick Spring 2020 Maiden Drill Program Planned Very limited historical exploration 17
Hemlo Area Map • Hemlo Gold Mines have produced greater than 21 million oz of gold over 30 years of continuous production • Located 350 km east of Thunder Bay, 37 km east of Marathon, and 64 km south of Manitouwadge • Nearby infrastructure including roads, rail, power, and skilled labour • Limited historical exploration and geologically similar to known Hemlo gold deposits • Previously identified linear breaks in magnetics including West-North-West trending shears or fault which may splay from the regional E-W oriented Hemlo line of lode 18
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