Corporate Presentation October 2019 Disclaimer This Presentation - - PowerPoint PPT Presentation

Corporate Presentation October 2019

Disclaimer

This Presentation contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the timing and nature of estimated future exploration, success of exploration activities, and potential transactions and ventures discussed. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to

• btain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and

development, fluctuations in the price of minerals, and general economic conditions. Wade A. Hodges, CEO of Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this Presentation.

TSX.V:NGE; OTC.QB:NVDEF Listed: 2007 Market Cap: CA$20M Issued & Outstanding: 89M Fully Diluted: 110M Insider Ownership: 28%

Nevada Exploration Inc.

Proven team of Nevada explorers (+50 Moz) Applying latest exploration technologies Exploring for Tier 1+ Carlin-type gold deposits Three district-scale projects (150 km2)

40 years Nevada experience

• Sr. Exploration Manager, Santa Fe Pacific Gold

Involved in discovery +30 Moz of gold in Nevada Wade A. Hodges M.Sc., P.Geo CEO & Director 30 years Nevada experience Involved in discovery 7 Moz of gold in Nevada Kenneth N. Tullar B.Sc., P.Geo COO 38 years of international experience Global Porphyry Copper Exploration Manager, BHP

• Dr. John E. Larson

Ph.D. Director James Buskard MBA, BES President

Goldrush Twin Creeks Lone Tree Rosebud Mule Canyon Elder Creek Goldbar Easy Junior Cove McCoy Wildcat

• Mtn. View

Goldfield New Aurora

+50 Moz of Gold in Nevada

15 years Nevada experience Leader in undercover exploration technologies 28 years of international experience Chief Geochemist Global, and Chief Geologist South America, Barrick Member of Barrick’s discovery team at Goldrush Simon Griffiths M.Sc. Technical Advisor

Proven technical team

> 600 Au mines > 100,000 prospects

13.7 9.7 8.7 5.6 5.3 4.9 4.4 China Australia Russia NEVADA Canada Peru South Africa

Annual Gold Production (2017 Moz)

Nevada

1.4 1.3 0.5 19.4 0.5 3.8 3.6 China Australia Russia NEVADA Canada Peru South Africa

Gold Production/Area (2017 oz/km2)

80%

From 3 Camps

Carlin: 119 Moz Au Cortez: 44 Moz Au Getchell: 38 Moz Au

+ +

1 2 3 4 5 6 7 8 9 10 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025

Nevada Annual Gold Production

(Moz/year) SOURCE: NBMG

1998: 8.9 Moz

• 40 %

< 20 years

107.8 Moz Reserves

2017: 5.6 Moz

Challenge Opportunity Future

30% 25% 45% 70% 75% 55%

CANADA AUSTRALIA NEVADA

Under Cover

85%

GLOBAL EXPLORATION BUDGET

Under Cover

The biggest prize in the industry

55%

Conventional tools don’t work where you can’t see the rocks

>200

Produced to date

Moz Au

New detection technology Better Analytical Tools Lower Detection Limits New Sampling Media

GROUNDWATER

The universal solvent

Then Now

HR-ICP-MS

New Lab Technology

Footprint 10x > deposits

Building a new undercover toolkit

10x 1/10th

the samples Bigger footprints

1/100th

borehole cost

Radical ↑

Area evaluated / dollar

Groundwater programs around the world

Industry leaders

CSIRO First Quantum Anglo American Chile & Phelps Dodge

Nevada Exploration

Cortez Hills

Grass Valley, Nevada

NGE Groundwater Program

World’s largest program >6,000 groundwater samples mostly from purpose-drilled sampling bores Tested around >30 known gold mines Built database of new exploration targets Advancing 3 district-scale CTGD projects

Kelly Creek Grass Valley South Grass Valley

samples

366 Samples

(mostly purpose-drilled)

Gravity survey (2018) 488 survey points; 175 km2 Air magnetic survey (2018) 991 line-km; 124 km2 Infill hydrogeochemistry (2018-19) 213 groundwater sampling boreholes Soil geochemistry (2018-19) 1,650 samples along 24 sample lines Detailed mapping (2019)

• Strat. orientation drilling (2018-19)

10 deep core holes (avg. depth 550 m)

South Grass Valley

Cortez Hills Pipeline

2018-19 Core Drill Holes

3.7 km NNW-SSE

Goldrush / Fourmile

Results from initial wide-spaced core holes

Confirmed geologic model Complex structural framework, with continuation of mapped thrust/fold system cut by high angle faulting in thick sequence

• f lower-plate carbonates beneath Roberts Mountains Thrust

Improved rock preparation with hornfels and marble along margins of major Mesozoic intrusive Confirmed presence of large Carlin-type mineral system Bleaching, decalcification, argillization, calcite and barite veining, intense multi-phase silicification Multiple-phase stratabound, structurally-controlled, and breccia-hosted sulfide & oxide mineralization containing sooty, fine-grained, secondary pyrite and elevated Au, Tl, Sb, Hg, As

Air Magnetic Geophysics Gravity Geophysics

1km

N

Mercury in Soils

1km

N

1km

N

South Grass Valley

Volcanics Upper Plate Granite

Mapped faults Interpreted faults from geophysics and drilling

Gold in Groundwater Antimony in Groundwater

1km

N

Thallium in Groundwater

1km

N

1km

N

South Grass Valley

Volcanics Upper Plate Granite Lower Plate

A new district-scale mineral system

Characteristic Carlin-type geologic model: multiple structural trap sites in reactive, favorably-prepared, CTGD host lower-plate carbonate sequence, significant brecciation District-scale Carlin-type mineral system: +3.5 km alteration in bedrock with significant

18O isotope depletion, +8 km of elevated Au,

Tl, Sb, Hg, and As in soils and groundwater Timing of mineralization: pre-34 Ma Geologic model and geochemistry have defined four targets with the potential to host a cluster of significant CTGDs

1 km N

Volcanics Volcanics Upper Plate Granite

Initial 11 Core Holes

South Grass Valley Camp

Betze (40 Moz) Screamer (5 Moz) Genesis (3 Moz) Carlin (5 Moz) Meikle (7 Moz) Post (5 Moz) Deep Post (4 Moz) West Leeville (3 Moz)

80 Moz

Little Boulder Basin Stock Goldstrike Stock Grass Valley Stock

Freddie Golden Gorge Waterfall Water Canyon

Led by proven team of explorers (+50 Moz) >200 Moz projected residual endowment in bedrock covered beneath Nevada’s valleys NGE only explorer that has built complete undercover toolbox to explore for CTGDs NGE has 15 year head start on industry Pipeline of 3 district-scale projects (150 km2) 2019: drilling validated exploration model

Future of gold in Nevada 55%