CORPORATE PRESENTATION SEPTEMBER 2020 Qualified Person / Legal - PowerPoint PPT Presentation

CORPORATE PRESENTATION SEPTEMBER 2020

Qualified Person / Legal Cautions QUALIFIED PERSON: All scientific or technical information contained in this presentation has been reviewed and approved by Stephen Kenwood, P.Geo., a Director of Sonoro Gold Corp., who is a “Qualified Person" as defined in National Instrument 43-101 of the Canadian Securities Administrators. FORWARD-LOOKING STATEMENT CAUTIONS: This presentation contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, the Company's plans for 50,000 meters of drilling of the Cerro Caliche Concessions, located in the municipality of Cucurpe, Sonora, Mexico, the Company’s future exploration plans for those properties, the development of a heap leach pilot operation, and the need for future financing to support the Company’s operations. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavourable interim exploration results, the lack of sufficient future financing to carry out exploration plans, and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs. There can be no assurance that such 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 on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com. 2

Company Overview Management Team Highlights John Darch, Chairman & Director:  Canadian junior publicly listed exploration and 35 years experience in the identification, funding, exploration and development of mining and energy projects worldwide. development company Kenneth MacLeod, President, CEO & Director: 35 years experience as an entrepreneur, financier and executive officer in the resource sector  Highly experienced management team in resource worldwide. finance & development Melvin Herdrick, P.Geo, VP Exploration:  45 years experience, including Chief Geologist for Phelps Dodge & VP Exploration for Pediment Asia Pacific Resources Gold Corp.  Western GeoPower Corp. Jorge Diaz, Operations Manager, Mexico:  Crew Development Corp. 49 years experience as a mining engineer in Mexico, including construction of the Mulatos Mine and La Colorada Mine.  Highly experienced exploration team with proven track Steve Kenwood, P.Geo, Director & Qualified Person: record in mineral discovery 25 years mineral exploration experience with Cominco; Prime Exploration and Adrian Resources.  La Colorada (Pediment-Argonaut) Salil Dhaumya, CPA, CMA, Chief Financial Officer:  20 years financial and administrative experiences with public exploration companies and San Antonio (Pediment-Argonaut) international subsidiaries.  Chipriona (Sonoro-Agnico Eagle) Neil Maedel, Executive Director, Corporate Finance: Over 30 years experience in international venture capital financing for the natural resource sector.  Owns precious metals properties in the major mining James Taylor, Director: districts of Sonora, Mexico Over 35 years experience as an investment advisor; financing expertise in the natural resource  Cerro Caliche Gold Project sector and with venture companies.  San Marcial Gold & Silver Project Curtis Turner, Director: Over 15 years experience in business and finance; mergers and acquisitions, public reporting and operations, community and government relations. 3

Sonora State, Mexico Mexico 8 th Global Gold Producer  1 st Global Silver Producer  Sonora State  500 Years of Mining History  Low Political Risk Jurisdiction  Excellent Infrastructure  Mining friendly – rapid permitting  Hermosillo: Technological center with Ford auto assembly plant Sonora State Production 2018*  38% of Mexico’s Gold Output  1.9 Moz. Gold Production  9% of Mexico’s Silver Production  21 Moz. Silver Production *Source: INEGI, SGM Cerro Caliche and San Marcial Locations 4

Cerro Caliche Gold Project Location  3 hrs north of Hermosillo  3 hrs south of Tucson, AZ Gold Mining District  Premier Gold’s Mercedes gold mine  Goldgroup’s Cerro Prieto open-pit gold mine  Agnico Eagle’s Santa Gertrudis gold project Concession  100% interest in 1,400 ha. within private ranch  Mineralized structures cover entire concession  23,000 m of drilling completed to 2019  50,000 m core & RC drill program launched Sept 2020  17 high-priority mineralized structural vein zones at surface  Potential for open pit, heap-leach, low-strip ratio gold mine Geology  Large area of low sulfidation epithermal mineralization Sonora State, Mexico 5

Cerro Caliche Gold Project Aeromagnetic Survey: Cerro Caliche & Mercedes Mine* Outline of Saracachi Batholith  A calc-alkaline intrusive ranging from granodiorite to granite porphyry igneous batholith with reduced character having higher ilmenite in place of magnetite resulting in lowered magnetic intensity intrusives but still enough to show from the survey the inferred outline of that batholith with the thick dark purple line.  This type of intrusive is capable of producing multiple large gold deposits. *Source: SGM Servicio Geologico Mexicano 1997 Saracachi H12-B72 6

Cerro Caliche Gold Project Conceptual Epithermal Model Modificado de Buchanan (1981), Corbett & Leach (1996) y otros. masl 1,700 El Desprecio 1,600 Magdalena, Diana, El Puerto 1,500 El Rincón, Reyna de Plata, El Bellotozo Veta de Oro, Gloria, Chinos Altos 1,400 Projected Favorable zone Japoneses, Cuervos, Abejas, Abel Cerro Caliche Cabeza Blanca, Buena Suerte 1,300 El Quínce, San Quintín, La Ventana El Colorado, El Boludito, La Española 1,200 1,100 Undetermined… 1,000 Projected Mineral Zoning in Veins 7

Cerro Caliche Gold Project Core Holes DD-01/11 Multiple Mineralized Zones Red Bordered Zone: • Japoneses Zone • Location of most of the 200,000 oz inferred resource grading 0.545 g/t AuEq* Black Bordered Zones: • 8+ partially drilled zones • Similar grades to Japoneses Zone • Tighten drill spacing to determine resource Yellow Highlights • Proposed drill traces for first 11 core holes to test high- grade mineralization at 200/300 m depth * 11,5 Mt at avg 0.5 g/t Au + 4.3 g/t Ag containing 200,000 oz at 0.545 g/t AuEq. Source: NI 43- 101 Technical Report on Cerro Caliche dated July 26, 2019 8

Cerro Caliche Gold Project Buena Chinos NW Abejas Japoneses Suerte Chip surf sample Chip surf sample Chip surf sample 19.9 g/t Au 4.4 g/t Au 9.35 g/t Au 42 g/t Ag 16 g/t Ag 170 g/t Ag DD-02 Hole SCR-065 1.52m @ 3.42 g/t Au, 16 g/t Ag Hole SCR-065 Length 400 m 1.52m @ 1.9 g/t Au, 23 g/t Ag (1080 msnl) and 1.52m @ 4.2 g/t Au, 68 g/t Ag and 1.53m @ 3.7 g/t Au, 1.9 g/t Ag and 1.52m @ 3.4 g/t Au, 24 g/t Ag COREX 2008 9

Cerro Caliche Gold Project El Quínce El Colorado Chip surf sample 25.14 g/t Au, 194 g/t Ag 3.2 g/t Au, 2 g/t Ag Chip surf sample Chip surf sample 4 g/t Au, 2 g/t Ag 8.45 g/t Au, 0.5 g/t Ag Chip surf sample 2.65 g/t Au, 2 g/t Ag DD-05 Hole SCR-044 10.67m @ 12.8 g/t Au, 6 g/t Ag and 4.57m @ 3.2 g/t Au, 23.2 g/t Ag Length 200 m (1100 msnl) Hole SCR-045 7.62m @ 1.8 g/t Au, 7 g/t Ag COREX 2008 10

Cerro Caliche Gold Project 2020/21 Priorities for Cerro Caliche  December 2020: Complete 5,000 m core and 7,500 m RC drilling  Define potential for high-grade mineralization at 200/300 m depth  Infill and step-out drilling to expand initial resource  January 2021: Update NI 43-101 technical report on resource  January 2021: Complete metallurgical testing  February 2021: Complete Preliminary Economic Assessment  March 2021: Implement plans to design and develop pilot plant  January to December 2021: Continue drilling programs Photo: Cerro Caliche in background 11