Corporate Overview Summer 2020 PROJECTS GOUDREAU KENWEST TSX-V: - - PowerPoint PPT Presentation

PROJECTS GOUDREAU

KENWEST

TSX-V: MTU www.manitougold.com June 2020

Corporate Overview Summer 2020

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Disclaimer Regarding Forward Looking Statements

Forward-looking statements relate to future events or the anticipated performance of Manitou Gold Inc. (the “Company”) and reflect management’s expectations or beliefs regarding such future events and anticipated performance. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved", or the negative of these words or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include risks related to failure to define mineral resources, to convert estimated mineral resources to reserves, the grade and recovery of ore which is mined varying from estimates, future prices of gold and other commodities, capital and operating costs varying significantly from estimates, political risks arising from operating in Canada, uncertainties relating to the availability and costs and availability of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, uninsured risks and other risks involved in the mineral exploration and development industry. Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that described in forward-looking statements, there may be other factors that cause its performance not to be as

• anticipated. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future

events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance

• n forward-looking statements. These forward-looking statements are made as of the date of this presentation and the

Company does not intend, and does not assume any obligation, to update these forward-looking statements. Richard Murphy, P.Geo, CEO of Manitou Gold Inc., is the Qualified Person, within the meaning of NI 43-101 and has reviewed the technical content of this presentation.

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Capital Structure & Financial

Li Listin ing g (Ma (March 8, 2010 IPO) O) TSX TSX-V: MT MTU Shares Outstanding 230,793,483 Options Outstanding 14,350,000 ($0.10 exercise price) Warrants 72,887,892 ($0.9 average price) FD Share Capital 318,031,375 Cash & Prepaid $3,600,000 *As of June 22nd, 2020

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Management

• Richard Murphy P.Geo – Chief Executive Officer (CEO)

– 24 years of experience as a Senior Geologist, President and CEO of a number of TSX and

TSX-V listed companies. Successfully completed multiple IPOs, financings, acquisitions and divestitures with these companies.

• Pat Dubreuil MBA. – Vice President Community and First Nations Engagement

– 16 years of mining related experience, Northern Ontario Business Entrepreneur of the year 2016, R&D program director of the Centre for Excellence in Mining Innovation (CEMI) and Ultra Deep Mining Network (UDMN) in Sudbury, ON. Vice-President OFSC.

• Donato Sferra. – Vice President Corporate Development

– Managing Partner of Hillcrest Merchant Partners and has extensive background in the financial service industry spanning approximately 20 years. Mr. Sferra has extensive merger experience and was intimately involved as an advisor in the merger of the four public companies in what was the formation of Osisko Mining.

• Carmelo Marrelli – Chief Financial Officer (CFO)

– Chartered Accountant (CA), a Certified General Accountant (CGA), and an Associate (ACIS)

• f the Institute of Chartered Secretaries and Administrators (ICSA). He also has a Bachelor of

Commerce degree from the University of Toronto. Carmelo also acts as Chief Financial Officer to a number of reporting issuers on the TSX and TSX Venture exchanges

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Independent Directors

• Guy Mahaffy

– is the Managing Director of W.G. Mahaffy Limited, a financial advisory firm. He holds the professional designations of Chartered Accountant, Chartered Professional Accountant and Chartered Financial Analyst.

• Blair Zaritsky

– currently serves as the Chief Financial Officer of O3 Mining Inc. and Osisko Mining Inc. (“Osisko”) and also serves as a director of Talisker Resources Inc. and formerly served as a director of Barkerville Gold Mines Ltd. In August 2015, he was a key part of the successful merger of four companies that helped

• btain the flagship Windfall Lake assets that has significantly grown Osisko to over $1-billion market

capitalization

• Dan McCormack

– 30 years in various capacities, including serving as an officer and director of a number of companies. He recently was a director and Vice President of Vault Minerals Inc., held positions with Canadian Malartic and was a consultant to Yamana Gold and Agnico Eagle under Osisko mining. He previously held the position of General Superintendent of Exploration at Kirkland Lake and Malartic. He is semi- retired since 2018.

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• 340 km2 of contiguous mining lands between Alamos’ Island Gold mine and Argonaut’s Magino deposits and the past-

producing Renabie mine

• Several 1+ Moz gold deposits to the east and west of Manitou’s landholdings; multiple operators
• Considerable exploration momentum and rapidly evolving district; since 2017 the footprint of the Island Gold deposit has

expanded to the east, west and down plunge and the total resource grew from 1.9 to 3.7 Moz Au

• Abundant opportunity for major discoveries; Goudreau Project hosts numerous underexplored shear zone hosted gold

targets and occurrences with historical drill results that indicate the project’s potential for discovery

Goudreau Project

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• Many of the deposits associated with two regional deformation zones (DZ):
• Destor-Porcupine DZ (Timmins, Hemlo)
• Larder Lk – Cadillac DZ (Kirkland, Borden etc.)
• Project located along what may be the continuation of the Larder Lk – Cadillac DZ

Regional Setting – Gold Bearing Deformation Zones

Larder Lake-Cadillac DZ Destor-Porcupine DZ

Project Location

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• Michipicoten Greenstone Belt – Interpreted to be a monoclinal sequence of supracrustal rocks that

have been thickened by regional folding

• Rocks in the immediate Goudreau-Lochalsh area consist of felsic to intermediate pyroclastic

metavolcanics capped by pyrite-bearing iron formation

• Gabbro and quartz diorite dykes and sills intrude all volcanic rocks that comprise the Michipicoten

Greenstone Belt

• Known mineralization on the Property consists of gold targets in quartz veins and veinlets and

sulphide zones within sheared and altered (silicified and carbonatized) mafic and felsic rocks and quartz-feldspar porphyry dykes

Camp-Scale Geological & Structural Context

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Structural elements

• Known gold mineralization typically concentrated along 2nd or lower order shear zones and lithological contacts

such as mafic-felsic volcanic contacts (e.g. Albert Lake stock), OFP-mafic contacts, mafic intrusive- mafic volcanic contacts.

• Albert Lake stock is Surrounded by mineral occurrences (Tracanelli, Rockstar, Bankfield)
• Intrusion can act as rigid body during deformation
• Provide rheological contrasts favoring gold precipitation
• Intrusion is proximal to two major deformation zones (Emily Bay and Goudreau-Dog)
• Geophysics-derived lineaments show mineral occurrences at structure intersections

High Strain Moderate Strain Low Strain

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Gold Showings & Opportunities

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• Subject properties cover the continuation of the Goudreau-Lochalsh DZ (GLDZ) and associated splay

structures

• Baltimore DZ (BDZ)– linear target (~20 km strike length x >2km wide) with complex structural history for

discovery of next 1+ Moz deposit in the camp; represents the faulted continuation of the key GLDZ

• Indications for significant gold bearing system over strike length of 61 m at Stover prospect; Historical

shallow drill program (avg. 100 m vertical) returned 1 to 0.7 g/t Au over 15.5 to 48.5 m from 3 drill holes

• Several other, locally high grade, gold occurrences discovered in the 1940s with isolated and sporadic

work since. No systematic exploration program conducted since Manitou consolidated the project

GLDZ BDZ

Opportunities – Baltimore Deformation Zone (BDZ)

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• IP survey covering portions of

the BLDZ now completed

• Highly anomalous gold in

historical intersections associated with zones of high resistivity and elevated chargeability

• Strongest IP response remain

untested

• Interpretation outlined

numerous anomalies in other areas of the grid

Baltimore DZ – Stover Prospect

Hole From_(m) To (m) Length (m) Grade_Au (gpt) SL-88-01 22.9 38.4 15.5 1.0 including 3.0 2.1 SL-88-01 52.5 95.0 42.5 0.4 SL-88-10 27.0 34.1 7.1 0.9 SL-88-10 40.8 78.0 37.1 0.5 SL-88-10 81.4 83.0 1.5 1.4 SL-88-11 87.7 136.1 48.5 0.7 including 9.1 1.0 including 14.5 0.9 SL-88-12 60.0 69.9 9.9 0.8

Silicified quartz-eye sericite schist Stover prospect

Stover - Historical Drill Hole Intersections

• 13 DDH’s totalling 1700 m
• Average vertical depth 100 m
• Deepest hole 163 m vertical

Stacked pseudo section view of IP resistivity (left) and IP chargeability (right). Looking approximately west. Red and pink correspond to resistivity & chargeability highs and blue to resistivity and chargeability lows.

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• 2020 drilling intersected

widest and highest grade gold mineralization drilled at Rockstar to date

• 5.0 g/t Au over 4.6 m in hole

MTU-20-16 including 1.2 m of 11.1 g/t Au

• Structurally controlled quartz

vein system within sheared and carbonate altered and silicified gabbroic rocks that remains open to the east as well as down plunge

Rockstar

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Rockstar Longitudinal Section

• Averages ~3g/t Au, with the

exception of high grade shoot at inflection point in vein

• Previous operator drilled 16

exploration holes to a maximum depth of ~200 meters

• Company drilled six holes at

the Rockstar vein designed to test the down-plunge continuity of the Rockstar vein at depths between 150 to 200 meters vertical. Two

• f the drill holes have

robust intersections with gold values ranging between 2.0 to 5.0 g/t gold

• Ongoing drill hole is testing

the Rockstar Vein approximately 400 meters below surface (~200 m down-plunge of drilling to date)

Rockstar 20 m Wide Inclined Long Section Looking -30 towards 195°

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Rockstar and Tracanelli Areas

• 15 m wide sub-parallel structure, referred to as RS 2, on the south side of the Rockstar vein confirmed with

mechanized stripping

• Up to 39.9 g/t gold from multiple structurally controlled, mineralized veins
• Recently completed work combined with geophysical interpretation indicates the strike length of at least 650 m.

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• Historical drilling, channeling and grab sampling of 1-10 g/t Au in veins of <1 – 7m in width
• Multiple structures can be modelled based on DDH intercepts

Z

Rapid modelling of the Tracanelli historical drilling. Planes are approximate veins/structures, light green is basalt, dark green is gabbro. Lithological modelling purely based on historical surface mapping Tracanelli Gold Prospect, Sunday Vein DDH Assay results (Patricia Mines 2000 & 2001)

DDH From (m) To (m) Length (m) Au_gpt PR-00-01 32.6 33.1 0.5 0.78 PR-00-01 33.1 33.6 0.5 6.36 PR-00-01 33.6 34.1 0.5 5.52 PR-00-01 34.1 34.6 0.5 1.87 PR-00-01 34.6 35.1 0.5 0.96 PR-00-01 35.1 35.6 0.5 1.34 PR-00-01 35.6 36.1 0.5 0.53 PR-00-01 37.6 38.1 0.5 12.17

DDH From (m) To (m) Length (m) Au_gpt PR-01-06 29.5 30 0.5 2.42 PR-01-06 30 30.5 0.5 2.38 PR-01-06 30.5 31 0.5 1.75 PR-01-06 31 31.5 0.5 2.64 PR-01-06 31.5 32 0.5 1.85 PR-01-06 32.5 33 0.5 0.53

Tracanelli

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Tracanelli

• Series of 110 and 150N-oriented Au-

bearing Qtz-sulphide veins proximal to contact of pillow basalt and gabbro

• Veins hosted in overall structurally complex

area, with two overprinting pervasive foliations and two generations of folding

• Promising grades/width
• Along-strike and depth potential

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Tracanelli

• Follow up on historical drilling to test vein

extension

• Precise georeferencing work to locate drill

collars is underway to anchor the proposed DDHs and estimate pierce point

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Data-driven work

Brief overview of the different products elaborated using machine learning

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Airborne Electromagnetic Surveys

• Interpretation from all extant EM data

EM AOI in gree een Large ge scale e EM feat atures in blue Quader derna nary y zones nes in orange ge Conduc ductor axes es and single e point anomal alies es in black

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Magnetic Anomaly Contrast map

• Highlights zones with a strong magnetic susceptibility

contrast with respect to their surroundings

• Uses the residual intensity, analytical signal and 1st

vertical derivative

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Future work

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2020 Work Program

• Phase 1 drill program (approx. 3,000 meters) to test

Patents, Reed Vein, Rockstar, Tracanelli and Stream showing nears completion

• Completed ground Mag and IP surveys over the

southeastern portion of the Baltimore deformation zone to further define main controlling structures and mineralization

• Completed detailed airborne geophysical survey covering

entire property (Mag, HLEM)

• Follow-up IP at Rockstar and Tracanelli areas
• Complete ongoing modeling of property-scale geological

and geophysical data to further constrain vectors related to gold mineralization to refine drill targets

• Surface work consisting of geological mapping,

geochemical sampling to augment geophysical surveys in progress

• Phase 2 drill program (approx. 6,000 meter) following up
• n work described above