Analyst & Investors Site Tour ‐ November 13, 2018 Aurora Gold Mine 1 www.guygold.com
FORWARD LOOKING STATEMENT This presentation of Guyana Goldfields Inc. (the "Company") contains other unanticipated difficulties or interruptions; the possibility of cost overrun or statements that constitute "forward-looking statements." Such forward-looking unanticipated expenses in the work program; the risk of environmental statements involve known and unknown risks, uncertainties and other factors contamination or damage resulting from the Company's operations; risks that may cause our actual results, performance or achievements, or associated with title to mineral properties; and other risks and uncertainties developments in our industry, to differ materially from the anticipated results, discussed appear elsewhere in the Company's documents filed from time to performance or achievements expressed or implied by such forward-looking time with the Toronto Stock Exchange and Canadian securities regulators. statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," These statements are based on a number of assumptions, including "aims," "plans," "anticipates," "believes," "intends," "estimates," "projects," assumptions regarding general market conditions, the availability of financing for "potential" and similar expressions, or that events or conditions "will," "would," proposed transactions and programs on reasonable terms, the cost of "may," "could" or "should" occur. Information inferred from the interpretation of exploration and development and the ability of outside service providers to drilling results and information concerning mineral resource and mineral reserve deliver services in a satisfactory and timely manner. Forward-looking statements estimates may also be deemed to be forward looking statements, as such are based on the beliefs, estimates and opinions of the Company's information constitutes a prediction of what might be found to be present when management on the date the statements are made. Except as expressly and if a project is actually developed. Forward-looking statements this document required by applicable securities laws, the Corporation undertakes no obligation include statements regarding: the Company's expectations regarding drilling to update these forward-looking statements in the event that management's and exploration activities on properties in which the Company has an interest; beliefs, estimates or opinions, or other factors, should change. and the Company's statements regarding estimates of reserves and resources on properties in which the Company has an interest. This presentation uses the terms "Inferred Resource", "Indicated Resource", “Measured Resource” and "Mineral Resource". The Company advises readers There can be no assurance that such statements will prove to be accurate. that although these terms are recognized and required by Canadian securities Actual results and future events could differ materially from those anticipated in regulations (under National Instrument 43-101 "Standards of Disclosure for such statements, and readers are cautioned not to place undue reliance on Mineral Projects"), the US Securities and Exchange Commission does not these forward-looking statements that speak only as of their respective dates. recognize these terms. Readers are cautioned not to assume that any part or all Important factors that could cause actual results to differ materially from the of the mineral deposits in these categories will ever be converted into reserves. Company's expectations include among others, risks related to fluctuations in In addition, "Inferred Resources" have a great amount of uncertainty as to their mineral prices; uncertainties related to raising sufficient financing to fund existence, and economic and legal feasibility. It cannot be assumed that any planned work in a timely manner and on acceptable terms; changes in planned part of an Indicated or Inferred Mineral Resource will ever be upgraded to a work resulting from weather, logistical, technical or other factors; the possibility higher category. Under Canadian rules, estimates of Inferred Mineral Resources that results of work will not fulfill expectations and realize the perceived potential may not form the basis of feasibility or pre-feasibility studies, or economic of the Company's properties; uncertainties involved in the estimation of studies except for a Preliminary Assessment as defined and permitted under resources and reserves; the possibility that required permits may not be National Instrument 43-101. Readers are cautioned not to assume that part or obtained on a timely manner or at all; the possibility that capital and operating all of an Inferred Resource exists, or is economically or legally mineable. The costs may be higher than currently estimated and may preclude commercial Mineral Resources stated in this presentation are not Mineral Reserves and, in development or render operations uneconomic; the possibility that the estimated the absence of a current feasibility study, do not demonstrate economic viability. recovery rates may not be achieved; risk of accidents, equipment breakdowns The determination of Mineral Reserves can be affected by various factors and labour disputes or including environmental, permitting, legal, title, taxation, socio-political, and marketing issues. 2 www.guygold.com
AGENDA Overview # Guyana 5 Sustainability 7 Operations Location & Logistics 12 Mining 13 Milling 21 Financial Opex 27 Capex 28 Exploration 30 3 www.guygold.com
OVERVIEW 4 www.guygold.com
GUYANA: MINING FRIENDLY JURISDICTION & GOVERNMENT Guyana is the only English speaking country in South America British common law and secure tenure ‐ part of the Commonwealth Democratically elected government under parliamentary system Government: Pro‐business and pro‐mining South Exxon Next Presidential election in mid‐2020 America Long history of significant gold production: Gold is largest export of the country (35%) Guyana GDP: 3.676 billion USD (2017) No currency exposure Attracting multi‐national attention with the Exxon oil discovery Population: 777,000 people (2017) 12 % unemployment rate (2017) Rainy Season: ~2.5m of annual rainfall May – July and November – January 5 www.guygold.com
AURORA: A MAJOR CONTRIBUTOR TO GUYANA’S SOCIO‐ ECONOMIC DEVELOPMENT • Local Stakeholder Expenditures / yr.‐ ($US45.5M in 2017) Royalty: • 5%: Gold price $1,000/oz or less • 25% of National 8%: Gold price $1,000/oz South Production • Total contribution of $US43M to date America Corporate income tax: 27.5% Taxes, fees, withholding etc. • GUY accounted for 25% of production (160koz in 2017) • Guyana declared gold produced of 654koz Au in 2017 • Small miners & Troy Resources account for difference GUY Small scale miners • 95% Guyanese workforce 6 www.guygold.com
CSR AND SUSTAINABLE DEVELOPMENT Focus on health and safety of our employees, the well-being of our community and the protection of the natural environment Hiring in the region, giving priority to local communities: • 95% are Guyanese nationals • Ongoing scholarship and job/skills training • Invested in skilled training to our employees • Technical Skills Development (Geological, Surface Mining, Underground Mining, Milling) • New Technologies (Milling, Underground Mining) • Managerial, Leadership & Professional Development • Employee Benefits (Health, Medical, Dependent care etc.) Following World Bank Supporting our local community: International • Local sourcing of goods and services Standards • Indirect benefits of jobs created • Sustainable development initiatives in community • Health services to neighbouring miners and communities • Participation in municipal development 7 www.guygold.com
LTI/LTIFR www.guygold.com HEALTH & SAFETY 0.5 1.5 2.5 0 1 2 Jan‐16 Feb‐16 Mar‐16 Apr‐16 May‐16 Lost time incident Jun‐16 Jul‐16 Aug‐16 Sep‐16 Oct‐16 Nov‐16 Lost Time Injury Frequency Rate Dec‐16 LTIFR ‐ GUY Jan‐17 Feb‐17 Mar‐17 Apr‐17 May‐17 LTIFR ‐ WA Industry Average 2016/17 Jun‐17 Jul‐17 Aug‐17 Sep‐17 Oct‐17 Nov‐17 Dec‐17 Jan‐18 Feb‐18 Mar‐18 Apr‐18 May‐18 Jun‐18 Jul‐18 Aug‐18 Sep‐18 8
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