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~ Discovering gold in the Cortez gold-trend of Nevada ~ NUG:V - - PowerPoint PPT Presentation

NuLegacy Gold Corporate Presentation C O R P O R A T I O N ~ Discovering gold in the Cortez gold-trend of Nevada ~ NUG:V NULGF:QX Discovering gold in Nevada November 2019 NuLegacy Gold Why NuLegacy? C O R P O R A T I O N The largest


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Discovering gold in Nevada

NuLegacy Gold

C O R P O R A T I O N

~ Discovering gold in the Cortez gold-trend of Nevada ~

November 2019

Corporate Presentation

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Discovering gold in Nevada

NuLegacy Gold

C O R P O R A T I O N

Why NuLegacy?

  • OceanaGold
  • Barrick Gold
  • Tocqueville
  • Successful mine

finders/financiers

  • Three former

Barrick executives

  • n BOD
  • Carlin-style

gold deposits

  • Epithermal

gold prospects

  • On strike with

Barrick’s three best gold deposits1

Nevada is the 4th largest gold producing “nation” in the world

The largest most prospective ‘independently’ owned land package in the famed Cortez gold-trend of Nevada.

2

108 sq. km World Class Shareholders District Scale Discoveries Successful Governance & Geo Team

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Discovering gold in Nevada

NuLegacy Gold

C O R P O R A T I O N

Capital structure, Ownership distribution

Analyst coverage

Scarsdale Equities LLC scarsdale-equ.com Mike Niehuser miken@scarsdale-equities.com VSA Capital vsacapital.com Oliver O’Donnell

  • odonnell@vsacapital.com

Canaccord Genuity canaccordgenuity.com Tom Gallo tgallo@canaccordgenuity.com

Capital structure

Shares Outstanding 407.2 million 52 Week Range C$ 0.03 - 0.195/share Market Capitalization ~ C$ 28.5 million Current Cash ~ C$ 7.6 million Proceeds Ex Options & Wts ~ C$ 17.1 million Warrants / Options 68.0 / 32.8 million Fully Diluted 508.0 million

Ownership distribution

Miners Shares (millions)

%

OceanaGold 49.8 12.2 Barrick Gold 32.0 7.9

Institutions

Tocqueville 37.9 9.3 MacKenzie 23.3 5.7 Davenport LLC 14.5 3.6 Ingalls & Snyder 6.0 1.5 Waterton Global 5.0 1.2

Public

~ 217.2 ~ 53.3

Principals

21.5 5.3 3

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NuLegacy Gold

C O R P O R A T I O N

Corporate team

... track records of successfully securing and advancing high-quality assets to production …

*Alex Davidson Chairman, Director

Former EVP Barrick Gold, Director, Yamana Gold Inc.

Albert Matter Chief Executive Officer, Director

Co-founder Alamos Gold Inc, NuLegacy Gold Corporation

*Edward Cope Director, Exploration & Evaluations

Former VP Exploration, North America, Barrick Gold

Danny Lee Chief Financial Officer

Administrated Eagle Hill & Oban merger to form Osisko Mining

*Alan Hill

Chairman Teranga Gold Corporation – former EVP Barrick Gold

James Anderson

Chairman & CEO of Vangold Mining

John Budreski

  • Exec. Chairman of Morien Resources Corp. & EnWave Corp.

*Roger Steininger*, PhD

Discovered Barrick’s 21+ million ounces Pipeline mine, NuLegacy’s Iceberg & Avocado gold deposits

ADVISORY COUNCIL:

Glen Darou Retired CFO, Shell Canada Stuart “Tookie” Angus Chair & Director, K92 Mining Inc.

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CORPORATE MANAGEMENT: DIRECTORS:

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Discovering gold in Nevada

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C O R P O R A T I O N

*Five of NuLegacy’s principals & geo-team have been instrumental in the discovery and/or construction of four of Barrick’s best gold deposits.

Exploration team

*Edward Cope, MSc Ec Geo. Director, Exploration & Evaluations

Led team that added ~ 50 million ounces to Barrick’s Nevada gold endowment

*Charles Weakly, BSc District Geologist

Contributed to multi-million-ounce expansions of Barrick’s Goldstrike and Goldrush discoveries

William Mounts, DICAT Drilling Supervisor Denise Dowell, BSc Geotechnical/Database Administrator Bryan Kellie, BSc Project Geologist Robert Springs, BSc Geologist

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EXPLORATION TEAM:

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Discovering gold in Nevada

NuLegacy Gold

C O R P O R A T I O N

Nevada’s rich gold-trends

Gold Quarry

Emigrant

Goldrush Cortez Hills Pipeline

‘Jewel’ of the Cortez

Mule Canyon Fire Creek

Carlin

Midas

  • Gold deposits >20 million oz
  • Produces 5.5 million oz/yr
  • 80% of US production
  • 10% of world production

Pinion

VIO

Buckhorn

6

Betze/Post

Major Deposits

Eocene Carlin-Porphyry Miocene Epithermal

Lone Tree Turquois Ridge Vantage

NuLegacy’s Red Hill property

I-80 HWY-50

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C O R P O R A T I O N

Cortez trend Carlin-style gold systems

Legend

  • Gold Deposits
  • Exploration Targets

Carlin-style gold systems: clusters of deposits with multiple horizons Barrick’s Cortez “complex”:

  • Produces ~ one million oz/yr
  • 20% of Barrick’s production
  • 50+ million-oz gold endowment

Multiple horizons

7 1999 - Barrick’s Cortez Hills ~15+ M oz @ 4.1 g/t 1989 - Barrick’s Pipeline/Cortez

  • peration ~21+ M oz @ 2.5 g/t

2010 - Barrick’s Goldrush ~10+ M oz @ 10 g/t2

Iceberg Serena Avocado Rift NuLegacy’s 108 km2

1

RED HILL PROPERTY1

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C O R P O R A T I O N

The value proposition

North Serena Rift

Barrick’s Cortez operations2(a)

.

2017 Production (oz) ………... 1,330,000 All-in sustaining cost/oz …........…. $624 Average $/oz …………………..…. $1,257 2017 NCF…...........…US $841,890,000

Barrick’s Goldrush2(b)

  • Est. 2021 Production (oz) …… 450,000

All-in sustaining cost/oz ….….…. $620 Average $/oz (estimated) .…….. $1,300

  • Est. 2021 NCF...............US $306,000,000

NuLegacy Gold Corporation

Red Hill property

.

Current Market Cap:

~C$20,000,000

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Avocado

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C O R P O R A T I O N

Classic Carlin-type gold deposit model

Classic Cortez high grade gold deposit at 3 to 10+ g/t gold

Making a Carlin Tier 1 asset: 80%-20% rule

20 million tons of

higher grade ‘core’ at 10 to 30+ g/t gold

Low-angle thrust faults High-angle faults

Gold mineralization 9

80 million

tons of 0.5+ g/t

  • xide gold deposit
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C O R P O R A T I O N

The Transformation of Goldrush

As of:

  • 2008 ~ 2.2 million oz
  • 2009 ~ minimal drilling
  • 2010 ~ 7.1 million oz
  • 2013 ~ 14.1 million oz
  • 2014 ~ 20+ million oz
  • 2016 ~ 10 million oz @ 10 g/t1
  • 2020 ~ production ~ 500,000 oz/yr

From a ‘typical’ Carlin to a ‘Tier 1’ asset in two years of drilling.

1 Goldrush strategically recategorized as

underground resource. 10

145 ft @ 0.50 oz/t

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C O R P O R A T I O N

The Transformation of Red Hill

  • 2017-2018: Under the guidance of Charles Weakly, NuLegacy executed

major geochemical, geophysical and ‘wildcat’ drilling programs.

  • Resulting in the ‘breakthrough’ analysis confirming the structural and

stratigraphic connectors between the Barrick’s Goldrush/Fourmile Carlin gold systems and NuLegacy’s Red Hill Carlin gold systems which are:

  • On trend.
  • Strongly mineralized systems with the same stratigraphy.
  • The high-grade gold is at the structural confluence of:

1. the high-angle faults and, 2. low-angle thrust faults, 3. within the Wenban5 stratigraphic horizon1.

  • 2019-2020 objectives: Capitalize on the geologic ‘breakthrough’ by:
  • Testing the connectors.
  • Priority targets are the Fourmile ‘Look-alike’ and the Rift Anticline.

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C O R P O R A T I O N

Fall 2017: North zone cross-section

Tv Dhc Dw

Au g/t

SR17-09 SR17-01 SR17-08C SR17-04 RHB-96C RHB-69 RHB-39 RHB-35 RHB-64 RHB-56 RHB-65 RH94-02 RHB-62 RHB-17 RHB-49

SR17-08C: 32.6m at 2.05 g/t, incl. 3.2m at 14.74 g/t RHB-64: 51.8m at 1.27 g/t, incl. 10.6m at 4.51 g/t SR17-01: 50.3m at 1.00 g/t, incl. 13.8m at 2.27 g/t

SR17-02 ≥ 1.0 0.8 0.6 0.4 0.2 0.1

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A’ A

RHB-17: 41.2m at 1.02 g/t, incl. 10.7m at 3.46 g/t

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Tv

Dw5

Dw4

Fall 2018: Reinterpreted North zone x-section

SR17-09 SR17-01 SR17-08C SR17-04 RHB-54 RHB-96C RHB-69 IN17-14C RHB-39 RHB-35 RHB-64 RHB-56 RHB-65 RH94-02

Tb Dw8 Dw6-7

Dw5

RHB-62 RHB-17

Long Fault

RHB-49 SR17-02

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A’ A

SR17-08C: 32.6m at 2.05 g/t, incl. 3.2m at 14.74 g/t RHB-64: 51.8m at 1.27 g/t, incl. 10.6m at 4.51 g/t SR17-01: 50.3m at 1.00 g/t, incl. 13.8m at 2.27 g/t RHB-17: 41.2m at 1.02 g/t, incl. 10.7m at 3.46 g/t

“The high-grade gold is most often emplaced at the structural confluence of the high-angle and low-angle thrust faults when they are within the favorable Wenban5 stratigraphic horizon...”

  • NB. As you can see from the corebox, without

the color-coding, it is very difficult to differentiate the various horizons and low-angle faults

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C O R P O R A T I O N

Resulting target zones & drill sites

WS18-01

(Rift discovery hole stopped in Wenban4)

Cross-section A

A’ N

Fourmile

‘look-alike’

Rift Anticline Western Slope Serena Offset

Central Iceberg North Iceberg

VIO

Explanation

Drill sites WS18-01 NuLegacy drill holes New target zones

SR18-02C:

22.1m of 6.59 g/t, incl. 8.7m of 16.92 g/t gold

RHB15-40:

41.2m of 3.9 g/t, incl. 12.2m of 11.0 g/t gold

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3

Serena

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C O R P O R A T I O N

200 m

W E

Tb Tv Dhc DwU Dw5 DwL

WS18-01

Vio Western Slope

4.5 km of Northern Nevada Rift looking north

A’ A

The three new Carlin targets

High-angle faults

Low-angle faults

Iceberg

  • Three new highly prospective targets in 4.5 km wide by 6 km long (N-S) Rift zone
  • Hole WS18-01 confirmed major part of Red Hill’s Carlin-style gold systems under

post-mineralization basalt flows

  • Numerous ‘high-grade’ spikes (i.e. Serena18-02c with 22.1 m of 6.59 g/t,
  • incl. 8.7m of 16.92 g/t gold) indicate high-grade core/feeder zones to the west3
  • Iceberg – the up-dip mineralized ‘exhaust’ plume from Rift target zone

The ‘right’ stratigraphy – Dw5 (Wenban5)

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Fourmile

‘look-alike’

Rift Anticline

Serena Offset

“Exhaust” plume

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C O R P O R A T I O N

Carlin-style: Fall 2019

  • Fourmile ‘look-alike’

3 holes

  • Serena ‘offset’ & Western Slope 4 holes

Carlin-style: 2020

  • Rift Anticline

? holes, permitting under way

  • Avocado

4 holes Epithermal targets:

  • VIO

6 holes

New targets

(Budgeted at ~US$ 3.5 million = Cdn $4.7 million, ~ 6,700 meters)

2019-2020 drill-ready targets

Total: 17 holes

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C O R P O R A T I O N

Fourmile ‘Look-alike’

N

Fourmile

‘look-alike’

70

75

75 80 75 75

E E’

WS18-01

(Rift Hole)

Explanation

Drill sites Drill collars New target zones 17

Fourmile

‘Look-alike’

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Interpreted Fourmile structural target corridor

Au target

300 m

Comparison to Barrick’s Fourmile

300 m

Grades:

  • 22.9 m of 16.5 g/t
  • 39.3 m of 25.9 g/t
  • 20.4 m of 54.9 g/t
  • 25.9 m of 34.6 g/t
  • 2.6 m of 125.5 g/t = ~4 oz/t

NUG’s “Look-alike”

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Barrick’s “Four-Mile”

1

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C O R P O R A T I O N

Looking north

NUG’s Fourmile ‘Look-alike’ x-section

Tb Tv Dhc Dw8-6 Dw5 Dw4

100 m

Explanation

Target zone Drill sites

Dw5 Dw5 Dw5

High-angle faults Low-angle thrust faults

The ‘favourable’ Dw5 stratigraphy

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planned holes

E’ E

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C O R P O R A T I O N

Serena Offset

WS18-01 (Rift Hole) N

75 75 75 75 60 70 60

Mirka

Explanation

Drill sites Drill collars Gold intercept 20

SR18-02c:

22.1m of 6.59 g/t, incl. 8.7m of 16.92 g/t gold

SR17-08c:

32.7m of 2.07 g/t, incl. 10.3m of 5.96 g/t gold

Serena Offset

Serena Offset

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Serena ‘Offset’ elevation plan map

(at 230 meter depth)

Anticipated right lateral offset of mineralized zone across Long Fault

Serena ‘wedge’ mineralization Anticipated Serena ‘offset’ mineralization SR18-02c:

22.1m of 6.59 g/t, incl. 8.7m of 16.92 g/t gold

SR17-08c:

32.7m of 2.07 g/t, incl. 10.3m of 5.96 g/t gold

RHB15-40:

41.2m of 3.9 g/t, incl. 12.2m of 11.0 g/t gold

3

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SW NE

SR18-02C SR18-03C SR18-01C

Looking northwest

Serena ‘Offset’ target cross section B-B’

Antietam Tb Tv Dhc Dw5 Dw4 Dw6-8 100 m

315 m offset

Serena zone

Depth elevation trace

Explanation

Target zone Drill sites

22

Serena Offset zone

planned holes

B’ B

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C O R P O R A T I O N

Rift Anticline – Goldrush analogue

N

Rift Anticline

70

75

75 80 75 75

D D’

WS18-01 (Rift Hole)

Explanation

Drill sites Drill collars New target zones 23

Rift Anticline – 4 km structure

Rift Anticline

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D’ D

Rift Anticline long section

SE NW

Tb Tv Dhc Dw8-6 Dw5 Dw4

300 m

Explanation

Target zone Drill sites

Looking perpendicular (west-southwest) to the axial plane of interpreted anticline

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planned holes planned holes

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C O R P O R A T I O N

Why NuLegacy Gold?

  • 2018-19 ‘Breakthrough’ analysis confirms the structural and

stratigraphic connectors between Barrick’s Goldrush/Fourmile gold systems and NuLegacy’s Red Hill Carlin gold system:

  • On trend.
  • Strongly mineralized systems with the same stratigraphy.
  • With the high-grade gold at the structural confluence of

high-angle faults and low-angle thrust faults within the Wenban5 horizon1.

  • 2019-2020 objectives - capitalize by:
  • Testing the connectors.
  • Priority targets are the Fourmile ‘Look-alike’ and the Rift

Anticline

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~ Discovering gold in the Cortez gold-trend of Nevada ~

Corporate Presentation

November 2019

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C O R P O R A T I O N

Endnotes

1. The presence of gold resources on properties in close proximity/adjacent to or geologically similar to the Red Hill property is not necessarily indicative of the gold mineralization on the Red Hill property. To date, there are no known NI 43-101 mineral resources or reserves on the Red Hill property. 2. As reported by Barrick Gold Corporation, the revised and updated Goldrush resource with an underground production scenario is significantly higher grade than the previously reported open pit resource. It contains 8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and 1,650,000 inferred

  • unces within 5.6 million tonnes grading ~9.0 g/t. 2(a). As per Barrick Gold’s 2017 MD&A 2(b). As per Barrick Gold’s February 15, 2017 Press Release.

3. The reported gold intervals may or may not represent true thicknesses and/or widths as there is insufficient data at this time with respect to the shape of mineralization to calculate its true orientation. All drilling was conducted by NuLegacy’s drilling contractors under the supervision of the Company’s project geologist and the chain of custody from project to sample preparation facility was continuously monitored. The samples were analyzed by American Assay Labs

  • f Sparks, NV and sufficient commercially prepared standards, blanks, and duplicates were inserted to assure quality analytical results. Data verification of the

analytical results included a statistical analysis of the duplicates, standards and blanks to ensure accurate and verifiable results.

Forward Looking Statements

This presentation contains forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward- looking statements often address NuLegacy’s expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect“, “ensure” and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar

  • expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results,

performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral exploration; actual results of current and future exploration activities, fluctuations in gold and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. Shareholders, as well as those factors discussed in NuLegacy's continuous disclosure documents filed on SEDAR at www.sedar.com.. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, save as required by applicable law. Investors are cautioned against attributing undue certainty or reliance upon forward-looking statements. Furthermore, this presentation provides information in summary form only and is not intended to be complete. NuLegacy has made reasonable efforts to ensure the accuracy of such information; however, there may be inadvertent or unintentional errors. No representation, warranty or guarantee, express or implied, is made as to the fairness, accuracy or completeness of information contained herein, including the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, results or statements in relation to future matters contained in this presentation. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any security and is not intended to be relied upon as advice to investors or potential investors.

  • Dr. Roger C. Steininger, Ph.D., CPG 7417, NuLegacy Gold Corporation Director and Qualified Person under NI 43-101, has reviewed and approved the scientific

and technical disclosure contained herein. November 12, 2019

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