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District Scale Opportunity in the Wawa Mining Camp Investor Presentation | August 2020 TSX-V: GUS FORWARD LOOKING STATEMENTS Forward Looking I nformation This presentation may include certain forward-looking statements within the meaning


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District Scale Opportunity in the Wawa Mining Camp

Investor Presentation | August 2020 TSX-V: GUS

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Forward Looking I nformation

This presentation may include certain “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future plans and

  • bjectives of Angus Ventures Inc. (“the Company”), future opportunities and anticipated goals,

the company’s portfolio, treasury, management team, timetable to permitting and production and the prospective mineralization of the properties, are forward-looking statements that involve various risks, assumptions, estimates and uncertainties. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved”. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking information is subject to known and unknown risks, including but not limited to: an inability to complete the business combination; general business, economic, competitive, geopolitical and social uncertainties; delays in obtaining or failures to obtain required governmental, regulatory, environmental or

  • ther required approval; the actual results of current exploration activities; acquisition risks; and
  • ther risks of the mining and resource industry. Although the Company has attempted to

identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These statements reflect the current internal projections, expectations or beliefs of the Company are based on information currently available to the Company. The Company do not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company believe that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this presentation should not be unduly relied upon by investors as actual results may

  • vary. Unless required to be updated pursuant to securities laws, these statements speak only as
  • f the date of this presentation and are expressly qualified, in their entirety, by this cautionary

statement. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. 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. 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,

  • ther than as required by applicable law. Accordingly, readers should not place undue reliance
  • n forward-looking statements and trading in securities of the Company should be considered

highly speculative. All scientific and technical information contained in this presentation has been prepared by, or under the supervision of, Breanne Beh, vice president of exploration for the Company and a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects. Historical assays contained in this Presentation have not been confirmed by the Company, are of uncertain QA/QC standards and should not be relied upon. They are presented as a guide to future exploration.

Currency

Unless otherwise indicated, all dollar values herein are in Canadian $.

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FORWARD LOOKING STATEMENTS

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Golden Sky Project, Wawa, Ontario: 205 km2 of under-explored land within the prolific Mishibishu Lake Greenstone Belt

  • 100%-owned project
  • Strategic land position located between Wesdome’s two

producing gold mines

  • Dorset Gold Deposit (using a 0.50 g/t Au cut-off)
  • Indicated category: 40,000oz @ 1.4 g/t Au
  • Inferred category:

180,000oz @ 1.2 g/t Au

  • Excellent exploration potential with existing resource
  • Drill-ready project with multiple gold showings and several

identified unexplored gold targets Strong Shareholder Base

  • 30.9 million shares
  • Insiders’ ownership 56%

Well-positioned for the next phase of growth

Greenstone Belts

  • f Ontario

Wawa

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INVESTMENT HIGHLIGHTS

TSX-V: GUS

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  • Active gold camp -

home to multiple significant gold mines and deposits

  • Proven mining

jurisdiction with excellent infrastructure

  • District-scale land

package bringing significant exploration upside for expansion of existing mineralization and new discoveries

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MISHIBISHU LAKE GREENSTONE BELT

WESDOME

Eagle River 0.4 Moz

TRILLIUM

Cline 0.2 Moz

ARGONAUT

Magino 7.0 Moz

ALAMOS

Island Gold 1.0 Moz

NEWMONT

Borden 1.9 Moz

BARRICK

Renabie 3.0 Moz

TRILLIUM

Edwards 0.15 Moz

ANGUS Golden Sky Project

Dorset deposit 0.22 Moz

WESDOME

Mishi 0.6 Moz

Gold Deposits Operating Gold Mines

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Dorset Deposit - Angus

40,000 oz @ 1.4 g/t Au (Indicated) 180,000 oz @ 1.2 g/t Au (Inferred)

Mishi Mine – Wesdome Gold

102,000 oz @ 2.2g/t Au (OP Reserves) 309,000 oz @ 2.2 g/t Au (OP Resources) 163,000 oz @ 5.2 g/t Au (UG Resources)

Eagle River Mine – Wesdome Gold

416,000 oz @ 12.2g/t Au (Reserves) 2017 Report

Magnacon Mine (closed)

Production 44,000 oz @ 5.6 g/t Au

Strategic land position located between Wesdome Gold Mine’s two producing mines: the Eagle River Underground Mine and Mishi Open Pit Mine Since 1996, the Eagle River Mine produced over 1.3 million ounces

  • f gold averaging 9.6 g/t gold

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GOLDEN SKY PROJECT, WAWA

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ESE

  • Limited exploration work

completed in the past by previous owners including ground geophysics, IP survey, soil sampling & drilling Angus Systematic and methodical approach to evaluating, targeting & drilling the under-explored land package 6

TSX-V: GUS

UNDER-EXPLORED GOLD TRENDS

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Source: NI 43-101 Technical Report Mineral Resources Wawa Property – February 2020

5.0+

Marten Zone – Angus Drill highlights:

  • 5.1 g/t over 7.7m
  • 2.7 g/t over 2.0m

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TSX-V: GUS

EXPLORATION TARGETS

DORSET ZONE

Dorset – Indicated Resource Dorset – Inferred Resource

Cut-off Au (g/t) Tonnes Grade Au (g/t) Ounces Au Tonnes Grade Au (g/t) Ounces Au 0.5 780,000 1.4 40,000 4,760,000 1.2 180,000 1.0 540,000 1.7 30,000 2,580,000 1.5 130,000 1.5 290,000 2.1 20,000 1,180,000 2.0 80,000

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ESE

Exploration Potential at Depth & Along Strike

MC-98-08

1.96 g/t Au over 24.5m Incl: 4.0 g/t Au over 5.3m

MC-07-69

0.82 g/t Au over 31.6m Incl: 2.7 g/t Au over 8.3m

MC-06-51

1.5 g/t Au over 27.9m Incl: 4.7 g/t Au over 8.2m

Topography

MC-98-09

3.7 g/t Au over 22.0m Incl: 5.8 g/t Au over 5.4m

0.25 to 0.5 0.5 to 1.0 1.0 to 3.0 3.0 to 5.0 5.0+ Drillhole Au Legend (g/t)

MC-07-62

2.7 g/t Au over 16.2m Incl: 3.7 g/t Au over 9.0m

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POTENTIAL FOR HIGH-GRADE GOLD DISCOVERY

DORSET ZONE – OPEN IN ALL DIRECTION

0 300 Meters

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  • The iron formation zone has

returned gold grab samples

  • f 12 g/t Au and 7.8 g/t Au
  • Iron formation gold-hosted

deposits play a major role to the metal endowment with several examples of current and past producers like Musselwhite, the Geraldton-Beardmore Camp and the Pickle Lake Camp

EXPLORATION TARGETS

IRON FORMATION ZONE

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August 2020 Share Price (C$) $1.10 Shares Outstanding 30.9 million Warrants

  • Options

1.0 million Market Capitalization $34.0 million Cash (C$) $3.0 million

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SHARE STRUCTURE

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  • Strategic land position of under-explored, high potential gold properties located between

Wesdome’s two producing gold mines

  • Numerous drill-ready targets on the existing gold deposit and beyond
  • Gold Resource Estimate of 40,000 Indicated and 180,000 Inferred ounces
  • Active mining camp due to the success of the Eagle River Mine (Wesdome) and Island Gold Mine

(Alamos)

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UNIQUE INVESTMENT OPPORTUNITY

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18 King Street East, Suite 902 Toronto, Ontario M5C 1C4 Email: info@angusgold.com

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February 2020:

  • Angus closed the acquisition of IAMGOLD option agreement

to earn a 100% interest in the Mishi property by spending $1.5 million in exploration work over 4 years

  • Angus completed the Exiro’s claims acquisition

March 2020:

  • Angus closed the acquisition Talisker’s claims acquisition

(Dorset & Alexandria)

  • Angus staked 437 mining claims

May 2020: Angus completed the Metalcorp & Healey claims acquisitions July 2020: Angus completed the Precambrian claims acquisition

GOLDEN SKY PROJECT

Consolidated one of the largest land package in the Wawa mining camp, Ontario 13

TSX-V: GUS

APPENDIX – CONSOLIDATION STRATEGY

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  • 100%-owned project adjacent to

Newmont and Rubicon properties

  • 8 patented claims (mining &

surface rights), royalty-free, located 10 km north-northwest of Red Lake

  • Previous drilling intersected extensive

gold-copper skarn mineralization zone

  • Historic samples returned:

7.2 g/t Au, 5.8% Cu and 183 g/t Ag

  • Active mining camp
  • Evolution Mining acquired

Newmont operations in Q4-2019

  • Current development projects:

Rubicon & Pure Gold

  • Exploration success: Great Bear

ANGUS SLATE BAY PROJECT

Red Lake Gold Mine

Newmont

Phoenix Project

Rubicon

Cochenour

Newmont Mckenzie Red Lake Gold Mine North & West Mine Zone Mckenzie Red Lake Gold Mine South Zone Cochenour Willams Mine McMarmac Mine Annco Mine Wilmar Mine

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APPENDIX – RED LAKE PROJECT

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Project Generation & Evaluation

2018 2019

Completed Acquisitions & District Consolidation of the Wawa project Completed $2,600,000 financing

2020

Completed Qualified Transaction (QT) Acquisition of the Red Lake project September Initial Public Offering of $1,700,000

Positioned for Growth

TSX-V: GUS

APPENDIX – TIMELINE