SLIDE 1
Januar y 2019 PGM:T SX- V
De ve loping Ontar io’s ne xt gold mine .
Cautionar y State me nt on F
- r
war d-L
- oking Infor
mation & State me nts
T his pre se nta tio n c o nta ins c e rta in fo r wa rd-lo o king info rma tio n a nd sta te me nts whic h ma y no t b e b a se d o n fa c t, inc luding witho ut limita tio n, sta te me nts re g a rding the Co mpa ny’ s e xpe c ta tio ns in re spe c t o f its future fina nc ia l po sitio n, b usine ss stra te g y, future e xplo ra tio n a nd pro duc tio n, mine ra l re so urc e po te ntia l, e xplo ra tio n drilling , pe rmitting , a c c e ss to c a pita l, e ve nts o r de ve lo pme nts tha t the Co mpa ny e xpe c ts to ta ke pla c e in the future . All sta te me nts, o the r tha n sta te me nts o f histo ric a l fa c ts, a re fo rwa rd-lo o king info rma tio n a nd sta te me nts. T he wo rds “b e lie ve ”, “e xpe c t”, “a ntic ipa te ”, “c o nte mpla te ”, “ta rg e t”, “pla n”, “inte nds”, “c o ntinue ”, “b udg e t”, “e stima te ”, “ma y”, “will”, “a im”, “g o a l” a nd simila re xpre ssio ns ide ntify fo rwa rd-lo o king info rma tio n a nd sta te me nts. I n a dditio n to the fo rwa rd-lo o king info rma tio n a nd sta te me nts no te d a b o ve , this pre se nta tio n inc lude s tho se tha t re la te to : the e xpe c te d re sults o f e xplo ra tio n a c tivitie s; the e stima tio n o f mine ra l re so urc e s; the a b ility to ide ntify ne w mine ra l re so urc e s a nd c o nve rt mine ra l re so urc e s into mine ra l re se rve s; a b ility to ra ise a dditio na l c a pita l a nd c o mple te future fina nc ing s; c a pita l e xpe nditure s a nd c o sts, inc luding fo re c a ste d c o sts; the a b ility o f the Co mpa ny to c o mply with e nviro nme nta l, sa fe ty a nd o the r re g ula to ry re q uire me nts; future pric e s o f pre c io us me ta ls; the via b ility o f re sta rting o pe ra tio ns a t the Ma dse n Pro je c t; the a b ility
- f the Co mpa ny to o b ta in a ll ne c e ssa ry a ppro va ls a nd pe rmits in c o nne c tio n with the de ve lo pme nt o f the Ma dse n Pro je c t.
Suc h fo r wa rd-lo o king info rma tio n a nd sta te me nts a re b a se d upo n a numb e r o f e stima te s a nd a ssumptio ns tha t, while c o nside re d re a so na b le b y the Co mpa ny a s o f the da te o f suc h info rma tio n a nd sta te me nts, a re inhe re ntly sub je c t to sig nific a nt b usine ss, e c o no mic a nd c o mpe titive unc e rta intie s a nd c o nting e nc ie s. Kno wn a nd unkno wn fa c to rs c o uld c a use a c tua l re sults to diffe r ma te ria lly fro m tho se pro je c te d in the fo r wa rd-lo o king info rma tio n a nd sta te me nts. Suc h fa c to rs inc lude , b ut a re no t limite d to , fluc tua tio ns in the pric e o f g o ld a nd o the r c o mmo ditie s, the ina b ility o f the Co mpa ny to ra ise suffic ie nt mo nie s to c a rry o ut its b usine ss pla n, c ha ng e s in g o ve rnme nt le g isla tio n, ta xa tio n, c o ntro ls, re g ula tio ns a nd po litic a l o r e c o no mic de ve lo pme nts in Ca na da , the a c c ura c y o f the Co mpa ny’ s c urre nt e stima te s o f mine ra l re so urc e s a nd mine ra l g ra de s a nd its pre limina ry e c o no mic a sse ssme nt, the a c c ura c y o f the g e o lo g y a nd ve in struc ture s a t the Ma dse n Pro je c t, the ma inte na nc e o f a c c e ss to surfa c e rig hts, risks a sso c ia te d with mining o r de ve lo pme nt a c tivitie s, inc luding the a b ility to pro c ure e q uipme nt a nd supplie s, inc luding , witho ut limita tio n, drill rig s, the spe c ula tive na ture o f e xplo ra tio n a nd de ve lo pme nt, inc luding the risk o f o b ta ining ne c e ssa ry lic e nse s a nd pe rmits a nd the a b ility o f the Co mpa ny to re -sta rt o pe ra tio ns a t the Ma dse n Pro je c t. Ma ny o f the se unc e rta intie s a nd c o nting e nc ie s c a n a ffe c t the Co mpa ny’ s a c tua l pe rfo rma nc e a nd c o uld c a use a c tua l pe rfo rma nc e to diffe r ma te ria lly fro m tho se e xpre sse d o r implie d in a ny fo rwa rd- lo o king info rma tio n a nd sta te me nts ma de b y, o r o n b e ha lf o f, the Co mpa ny. Re a de rs a re c a utio ne d tha t fo rwa rd-lo o king info rma tio n a nd sta te me nts a re no t g ua ra nte e s o f future pe rfo rma nc e . T he re c a n b e no a ssura nc e tha t suc h info rma tio n a nd sta te me nts will pro ve to b e a c c ura te a nd a c tua l re sults a nd future e ve nts c o uld diffe r ma te ria lly fro m tho se pre se nte d in suc h info rma tio n a nd sta te me nts. F
- rwa rd-lo o king info rma tio n a nd sta te me nts is sub je c t to a va rie ty o f
risks a nd unc e rta intie s whic h c o uld c a use a c tua l e ve nts o r re sults to diffe r fro m tho se re fle c te d in the fo r wa rd-lo o king info rma tio n a nd sta te me nts. Suc h risks inc lude , b ut a re no t limite d to , the vo la tility o f the pric e o f g o ld, unc e rta inty o f mine ra l re so urc e s, e xplo ra tio n po te ntia l, mine ra l g ra de s a nd mine ra l re c o ve ry e stima te s, de la ys in e xplo ra tio n a nd de ve lo pme nt pla ns, insuffic ie nt c a pita l to c o mple te de ve lo pme nt a nd e xplo ra tio n pla ns, risks inhe re nt with mine ra l a c q uisitio ns, de la ys in o b ta ining g o ve rnme nt a ppro va ls o r pe rmits, fina nc ing o f a dditio na l c a pita l re q uire me nts, c o mme rc ia l via b ility o f mine ra l de po sits, c o st o f e xplo ra tio n a nd de ve lo pme nt pro g ra ms, risks a sso c ia te d with c o mpe titio n in the mining industry, risks a sso c ia te d with the a b ility to re ta in ke y e xe c utive s a nd pe rso nne l, title dispute s a nd o the r c la ims, c ha ng e s in g o ve rnme nta l a nd e nviro nme nta l re g ula tio n tha t re sults in inc re a se d c o sts, c o st o f e nviro nme nta l e xpe nditure s a nd po te ntia l e nviro nme nta l lia b ilitie s, a c c ide nts, la b o ur dispute s, a nd the ina b ility o f the Co mpa ny to re -sta rt o pe ra tio ns a t the Ma dse n Pro je c t. Sho uld o ne o r mo re o f the se risks a nd unc e rta intie s ma te ria lize , o r sho uld unde rlying a ssumptio ns pro ve inc o rre c t, a c tua l re sults ma y va ry ma te ria lly fro m tho se de sc rib e d in fo r wa rd-lo o king info rma tio n a nd sta te me nts. Ple a se se e the Co mpa ny’ s Annua l I nfo rma tio n F
- rm da te d June
11, 2018 a va ila b le
- n the
Co mpa ny’ s we b site a t www.pure g o ldmining .c a o r o n the Co mpa ny’ s Se da r pro file a t www.se da r.c o m, fo r de ta ils o f o the r risks fa c ing the Co mpa ny. T he Co mpa ny disc la ims a ny inte ntio n o r o b lig a tio n to upda te o r re vise a ny fo rwa rd-lo o king info rma tio n a nd sta te me nts whe the r a s a re sult o f ne w info rma tio n, future e ve nts o r o the rwise , e xc e pt to the e xte nt re q uire d b y a pplic a b le la ws. Phil Sme rc ha nski, P.Ge o ., Vic e Pre side nt, E xplo ra tio n fo r the Co mpa ny a nd a “Qua lifie d Pe rso n” unde r Na tio na l Instrume nt 43-101, ha s re vie we d a nd a ppro ve d the sc ie ntific a nd te c hnic a l info rma tio n in this pre se nta tio n.
All c ur r e nc ie s ar e r e po r te d in Canadian do llar s unle ss o the r wise spe c ifie d.
F ORWARD L OOKING ST AT E ME NT
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