Cisneros Project in Colombia September 2017 DISCLAIMER This - PowerPoint PPT Presentation

Cisneros Project in Colombia September 2017

DISCLAIMER This presentation may contain forward-looking forward-looking statements. statements concerning the Company’s plans for its Forward-looking statements are made based on properties, operations and other matters. These management’s beliefs, estimates and opinions on the statements refer to analyses and other information that date the statements are made and the Company are based on forecasts of future results, estimates of undertakes no obligation to update forward-looking amounts not yet determinable and assumptions of statements if these beliefs, estimates and opinions or management. Statements concerning reserves and other circumstances change. Investors are cautioned mineral resource estimates may also be deemed to be against attributing undue certainty to forward-looking forward-looking statements to the extent that they statements. Some information provided is of a involve estimates of the mineralization that will be confidential nature and cannot be divulged or used for encountered if the property is developed and in the case gain until it is made public. of mineral reserves, such statements reflect the A feasibility study has not been completed for any project conclusion based on certain assumptions that the discussed in this presentation and there is no certainty mineral deposit can be economically exploited. Any the disclosed targets will be reached nor that the statements that express or involve discussions with proposed operations will be economically viable. Roger respect to predictions, expectations, beliefs, plans, Moss, Technical Advisor at Antioquia Gold, is a qualified projections, objectives, assumptions or future events or person under NI 43-101, and has reviewed and performance are not statements of historical fact and approved the technical disclosure contained in this may be “forward - looking statements”. Should one or presentation. more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in TSX-V: AGD www.antioquiagoldinc.com September 2017

Cisneros location Santa Rosa Red Eagle Cisneros Gramalote Antioquia Gold Anglo/B2Gold Medellin • Paved highway, <2 hours from Medellin • Good infrastructure including power, water and gas • Proximity to other notable gold projects TSX-V: AGD www.antioquiagoldinc.com September 2017

Management Team Gonzalo de Losada Chairman, President and CEO, Director • Mr. De Losada is an Economist from the Universidad del Pacifico (Peru), and holds an MBA degree from Columbia University in New York and has over 20 years of experience in banking and business. He previously held senior executive positions in the hospital, pharmaceutical and insurance industries in Peru including director on several boards. Rodger Roden Chief Financial Officer • Chartered Accountant with more than 25 years of industry experience • Former VP Finance/CFO with public and private companies in a broad range of industries • Currently CFO to several public companies TSX-V: AGD www.antioquiagoldinc.com September 2017

Background • History • 2007 – Private investor group acquired core Guayabito property • 2008 – Formed Antioquia Gold Inc. via reverse takeover • 2009 - 2013 Exploration Programs • 2013 – Guaico Enviromental Permit approval • 2015 – Start of development Guaico Mine • 2016 – Guayabito Enviromental Permit approval • 2017 - Star Civil Works and Development Guayabito Mine • Acquisitions • Guayabito • La Manuela • Pacho Luis • Santo Domingo • Guayabito Sur • Exploration • Mapping/Sampling/Geochemistry/Geophysics • 47k m diamond drilling • NI 43-101 Resource Report • Development • Internal feasibility studies • Production decision for initial annual operation of 30,000+ oz Au • Currently in construction & development stage TSX-V: AGD www.antioquiagoldinc.com September 2017

Resource Estimate Cisneros Resources Highlights:  Updated Mineral Resources for the Cisneros Properties, above cutoff grade for all mineralized structures consist of 509,508 tonnes of Measured + Indicated Mineral Resources with an average grade of 5.95 g/t Au and 495,771 tonnes of Inferred Mineral Resources with an average grade of 6.66 g/t Au (See Table 1). Table 1. Cisneros Resource Estimate Summary Grade Au Au Classification Tonnes (g/t) (oz) Measured 195,846 5.29 33,319 Indicated 313,662 6.36 64,149 Measured + Indicated 509,508 5.95 97,468 Inferred 495,771 6.66 106,275 1. Mr. Fernando Linares and Mr. Edgard Vilela, are the Qualified Persons for the Mineral Resource estimate. The effective date of the estimate is 16 July 2017. 2. Mineral Resources are reported using a cut-off grade of 2.7 g/t Au for GCO, GCFW3, GCFW5 and LMN1. 3. Mineral Resources are reported using a cut-off grade of 1.5 g/t Au for NUS and PAPI. 4. Mineral Resources are reported using a cut-off grade of 2.5 g/t Au for GYB. 5. Reported Mineral Resources contain no allowances for hanging wall or footwall contact boundary loss and dilution. No mining recovery has been applied. 6. Rounding as required by reporting guidelines may result in apparent summation differences between tonnes, grade and metal content. Resource Estimate Dated July 16, 2017 TSX-V: AGD www.antioquiagoldinc.com September 2017

Acquisitions 7 TSX-V: AGD www.antioquiagoldinc.com September 2017

Initial Mining Areas Guayabito Guaico 8 TSX-V: AGD www.antioquiagoldinc.com September 2017

Current Status • Guaico Infrastructure well advanced • Guayabito Tunnel & Infrastructure underway • Plant detailed engineering complete, major components on site or en route • Contractors working well • Other • Drilling to Increase Reserves • Guaico underground diamond drilling to define Nus vein structure and width • 3,000 meter diamond drill program at Guaico and Guayabito to commence in July 2017 TSX-V: AGD www.antioquiagoldinc.com September 2017

Guaico Current Development Tunnels Ventilation Shaft Ramp Access – Niv1275 Explosives Magazine Level 1235 TOTAL DEVELOPMENT TUNNELS Secctions Total 1.5X1.5 140.0 Level 1160 1.8D 75.98 2.4D 136.1 2.7x3 1448.24 3X3 778.5 4.5x4 1098.41 4X4 1095.1 Total general 4772.2 TSX-V: AGD www.antioquiagoldinc.com September 2017

Guaico Development Plan GCO, FW3, FW5 (C&F) Nus shear Zone (B&F) TSX-V: AGD www.antioquiagoldinc.com September 2017

Nus Fault – Continuity along the strike and at depth LONG SECTION Development on 3 main levels at Guaico - Structure is open at depth TSX-V: AGD www.antioquiagoldinc.com September 2017

Guaico Vein - Continuity along depth LONG SECTION Development on Level 1160 and ongoing sampling in seven pivot ramps. The structure is open at depth. TSX-V: AGD www.antioquiagoldinc.com September 2017

Exploration Drilling Targets Exploration targets for 3,000 meter surface diamond drill program Q3, 2017 TSX-V: AGD www.antioquiagoldinc.com September 2017

Resource Enhancemet Drilling TSX-V: AGD www.antioquiagoldinc.com September 2017

Mine Development Guaico Mine • Mechanized underground mining with trackless equipment (35t trucks, 3.5yr 3 scoops, jumbo drills) • Anticipated 250 tpd will be mined • At lest 3 tensional veins expected to be mined (Guaico, FW3 and fw5) by Cut & Fill Method. • Nus shear zone expected be mined by Bench and Fill method. TSX-V: AGD www.antioquiagoldinc.com September 2017

Jumbo Atlas Copco Boomer 282 TSX-V: AGD www.antioquiagoldinc.com September 2017

25 ton Dumper CAT 730 TSX-V: AGD www.antioquiagoldinc.com September 2017

3.5 yr3 Atlas Copco Scoop TSX-V: AGD www.antioquiagoldinc.com September 2017

3.5 yr3 Atlas Copco Scoop TSX-V: AGD www.antioquiagoldinc.com September 2017

Raise Boring TSX-V: AGD www.antioquiagoldinc.com September 2017

Equipments 3.5 SCOOPTRAM RBM CAT 730 BOOMER 282 TSX-V: AGD www.antioquiagoldinc.com September 2017

Guayabito • Mechanized underground mining with trackless equipment (25t trucks, 3.5yr 3 scoops, jumbo drills) • Anticipated 250 tpd will be mined and processes at Cisneros plant • At lest 6 veins expected to be mined (El Bolo, GYB, GYB2, GYB3, GYBF, GYBF1) by Cut & Fill Method. • Mineralized to a depth of 400 meters at depth outlined through drilling. Open at depth • Guayabito Ramp Access Niv 1504 TSX-V: AGD www.antioquiagoldinc.com September 2017

Guayabito Proces Plant and other Civil Works • 2.5 Km of Access Roads. • 185.000 M3 of earthworks • 7 years capacity for tailing storage • 9.4 km of pipeline for tailings transport. • 500 tpd process Plant • Top Soil Deposit TSX-V: AGD www.antioquiagoldinc.com September 2017

Cisneros Plant 3D View 1 3 4 2 5 6 9 8 7 10 13 12 11 TSX-V: AGD www.antioquiagoldinc.com September 2017

Cisneros Plant Layout Process Plant Layout • 500 tpd process plant; 250 tpd first year, 500 tpd thereafter • Anticiapted 15,000 oz Au for first year, increase to 30,000+ oz Au/yr thereafter • Processing circuit with gravity separation, flotation • Metallurgical tests indicate >95% gold recovery TSX-V: AGD www.antioquiagoldinc.com September 2017