Drilling for Discovery Now July 15, 2020 Photo: First hole of the - - PowerPoint PPT Presentation

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Drilling for Discovery Now July 15, 2020 Photo: First hole of the - - PowerPoint PPT Presentation

Drilling for Discovery Now July 15, 2020 Photo: First hole of the 2020 field season, SB-20-001, drilling on the Snoball Property, Pyramid Peak target, June 30, 2020 Forward-Looking Statements Certain statements included in this presentation


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Drilling for Discovery Now

July 15, 2020

Photo: First hole of the 2020 field season, SB-20-001, drilling on the Snoball Property, Pyramid Peak target, June 30, 2020

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Forward-Looking Statements

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Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar words and expressions to the extent they relate to Evergold Corp. (the “Company”) or its management. The forward-looking statements are not historical facts and are based on current expectations and various estimates, factors and assumptions. They therefore involve known and unknown risks, uncertainties and other factors. Any forward-looking statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as of any subsequent date. Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-looking statements will materialize. 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. Factors that could cause actual results, performance or achievements to differ materially include, but are not limited to: risks associated with the highly variable and uncertain nature of geology, the weather, the fact the Company has limited financial resources, loses money, cannot generate earnings nor pay dividends and will continue to be in this loss-making position for the foreseeable future; is entirely dependent upon debt or equity financing sourced from investors to finance its operations and has an uncertain ability to raise additional funds when required; relies on a small number of key managers who lack backup and may not be able to secure key contract personnel and services providers needed to execute it plans; may not be able to secure exploration permits; First Nations risks; and risks associated with general economic conditions, fluctuating metal prices, credit market conditions and investor risk appetite. Management provides forward-looking statements because they believe such statements deliver useful guidance and information to readers when considering their investment objectives. Though management believes such statements to be as accurate as possible in the context of the information available to management at the time in which they are made, management cautions readers that the guidance and information contained in such statements may rapidly be superseded by subsequent events. Consequently, all forward-looking statements are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments suggested by such forward-looking statements will be realized or, even if substantially realized, that they will have the expected results, or effects upon, the Company. These forward-looking statements are made as of the date of this presentation and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

Evergold’s Qualified Person as defined by National Instrument 43-101 is Andrew J. Mitchell, P.Geo., Vice President, Exploration. Mr. Mitchell has reviewed and approved the technical information in this presentation.

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 Near-term discovery and capital gains potential - pure and simple  We’re not a producer and will probably never have revenues  Our goal, rather, is to deliver discoveries of merit – i.e. ones that could become mines - though someone else would do it  We’re drilling now, for the first time ever, high potential targets on two projects, and have ample financing to do it  Initial results due in August - you will not have to wait long  Positioned right at the start of the Lassonde curve, so stay tuned

The Evergold Opportunity

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“Valley of Death”

(define deposit size, prove up resources and reserves, and overcome engineering and financial challenges)

First Stage of Value Creation

(capital gains opportunity)

Second Stage of Value Creation

(mine gets built, production starts, capital gains and dividends)

Our Position on the Lassonde* Curve

* After Pierre Lassonde, founder of Franco-Nevada Share Price

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1. Established late in 2015 around four 100%-owned, drill-ready properties in B.C. from well known B.C. geo C.J. (Charlie) Greig 2. Largely mothballed 2016 to focus on GT Gold (TSXV: GTT) 3. After delivering the major Saddle gold-copper discovery for GT, CEO moved back to Evergold 4. Took Evergold public Oct. 4, 2019 ($3.45 million IPO at 20 cents) – largest mining sector IPO in Canada in 2019 – achieved wide distribution (+350 new shareholders) 5. Clean, focused company, no skeletons / no historical corporate baggage, widely held, tight capital structure (~31.9 million shares I&O with a float of ~24.9 million) but nonetheless a nice liquid trader

BACKSTORY: We’ve Delivered Discoveries Before, Our Goal is to do it Again - This Summer

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Flagship Properties

Pipeline Properties

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Snoball Property

3,545 ha.

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Snoball Property Opportunity

 We believe we’ve found the source of a

large, strong, gold-silver anomaly, up-slope

  • f previous work, and are drilling it right now,

for the first time ever.

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 Noranda drilled below the elevation of the dashed line (1992)

Snoball Ridge Pyramid Peak

~2012 metres

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 Our sampling and modeling suggests down- slope dispersion from the actual principal source of the geochemical anomalies at and below Snoball Ridge and Pyramid Peak

Red trace represents >150 ppb gold-in-soils & talus fines

Never drilled Limited drilling ~1646 m Snoball Pond ( >500 ppb Au in soils)

Drill Target

1000 metres

Snoball Prospect Viewed North

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Initial Evergold Sampling (VIEWED DOWN)

Historical Noranda soil sampling grid, assays and drill holes (1990-92)

Pyramid Peak

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1000 metres

ICE ICE ICE ICE

High Gold Values in Soils & Talus Fines

2016 -

Average of 14 talus fines samples taken along ~ 250 metres here = 0.513 g/t Au

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Evergold Follow-up Sampling

2017 sampling shown as squares, and 2016 sampling as dots. Values in ppm Au

Interpreted never- drilled primary source area of downslope geochemical anomaly

Pyramid Peak

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Area of historical Noranda soil sampling grid, assays and drilling (1990-92)

1000 metres

2017-

Previous Image - Looking Down and Zoomed in Somewhat

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Average of 39 talus fines samples collected by Evergold in 2016 and 2017 (excluding a single high value of 25.1 g/t Au) = 0.718 g/t Au. Median = 0.484 g/t Au. Note: The industry generally

considers soil samples assaying greater than 50 ppb (0.05 g/t) Au

  • noteworthy. By this standard the

tenor of assays falling within this area is ~14 times those levels that are considered noteworthy

250 m

Pyramid Peak is interpreted as the never-drilled primary source area of the strong downslope geochemical anomaly

Evergold Sampling Zoomed In

2017 sampling shown as squares, and 2016 sampling as dots. Values in ppm Au

2017 -

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Snoball: Pyramid Peak Target – Apex Drill Pad

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Drilling Now

(radiating holes from the ‘Apex’ pad in a hub-and spoke arrangement) Target type: high grade epithermal vein system and / or bulk tonnage style

250 m

Average of 39 talus fines samples collected by Evergold in 2016 and 2017 (excluding a single high value of 25.1 g/t Au) = 0.718 g/t Au. Median = 0.484 g/t Au. Note: The industry generally

considers soil samples assaying greater than 50 ppb (0.05 g/t) Au

  • noteworthy. By this standard the

tenor of assays falling within this area is ~14 times those levels that are considered noteworthy

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Pyramid Peak Apex Drill Pad

(all photos June 30, 2020)

Chopper on heli pad Apex drill pad viewed SW Chopper long- lining timbers to drill pad

Snoball: Pyramid Peak Target – Apex Drill Pad

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Sample No. Au (g/t) Au (oz/t) Ag (g/t) Ag (oz/t) CBR1604002 11.35 0.33 94.1 2.7 CBR1604003 32.50 0.95 296.0 8.6 CBR1604004 80.20 2.34 452.0 13.2 CBR1604006 34.70 1.01 660.0 19.3 CBR1604007 3.98 0.12 644.0 18.8 CGSNO16R390 22.70 0.66 1,080.0 31.5 CGSNO16R391 15.95 0.47 19.8 0.6 SR-SNO-2016-019 5.22 0.15 12.3 0.4 SR-SNO-2016-026 1.02 0.03 4.5 0.1

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Snoball: High Grade Gold and Silver in Rocks

Photo, left: Boulder of high- grade gold and silver-rich vein material taken from the Snoball

  • prospect. Several

samples have been taken from this

  • boulder. Assay

values run in the range of 80 to 100 g/t gold and 400 to 500 g/t silver

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Snoball Access

Paved highway 37

10 kms up a gentle mountain valley from highway 37 Viewed to Southeast

Snoball Pond

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Snoball Ridge - UT Vein Pad 1,000 Metres West of Pyramid Peak

Inset, left: Gold values in the vicinity of the UT vein pad. Rock samples - grams/tonne

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NEXT UP: GOLDEN LION PROPERTY

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Golden Lion Location

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Golden Lion and Snoball are linked by the similar rocks of the Stikine geological terrain, defined here by the “Golden Horseshoe”

Toodoggone Area Play Golden Triangle Area Play

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Golden Lion Opportunity

 Immediate discovery potential  Multiple high-grade targets in outcrop,

and we’ll be the first to drill them starting late this month (July)

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Golden Lion Property

Land Position – 5,099 ha.

 Property does not include the inlying tenures shown top left

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GL1 GL2 GL3

Initial High Potential Target Areas GL1, GL2, GL3

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GL1

Target Area

 High-grade epithermal gold-silver  Historical GL1 “Main” zone drilled by Newmont in 1984 is open  It was this zone that first attracted Evergold  Subsequent sampling of GL1 and areas north and east of it returned exceptional results, and led to the identification of the GL2 and GL3 target areas

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GL1 “North Ridge” Zone GL1 “Main” Zone

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GL1 “Main” Zone (Close Up)

2013 Soil Sampling on Historical Gold-in-Soils and Newmont DDH

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Untested and highly anomalous intersection of two main structural trends Depth potential of gold- bearing structures Highs here in outcrop to 13,406 g/t silver in 2019

Readers should note that rock grab samples are by their nature selective and not necessarily representative of the mineralization hosted on the property

Proposed first-ever drill hole on the E-W anomaly

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GL1 North Ridge Target

Exeptionally Strong 2019 Gold-in-Soil Sampling Results

Oxide colours visible “bleeding” down north slope of ridge (arrows) suggests widespread mineralization

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14.95 g/t Au in soils

Note: The average values (uncut) of the six sequential samples that appear to define the core of the anomaly were 3,328 ppb Au, 2.8 ppm Ag, and 4,422 ppm Cu; the median values were 694 ppb Au, 1.1 ppm Ag, and 2,129 ppm Cu. The industry generally considers soil samples assaying greater than 50 ppb (0.05 g/t) Au noteworthy

Proposed initial drill hole

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GL2

Target Area

 ~1 km2 strong, multi-element anomaly  High-grade skarn, epithermal and porphyry-style mineralization in

  • utcrop

 Alteration, soil and rock geochemistry, and geophysics suggests potential intrusive target

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GL2 Skarn: High-

grade Cu-Ag-Au skarn

GL2 Ridge East Zone:

High-grade Cu-Au-Ag porphyry (intense stockwork)

EP Zone: High-grade Ag-

Au epithermal and Cu-Ag-Au porphyry

GL2 Ridge: Cu porphyry GL2 BG Zone: Cu-Au-Ag

porphyry

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GL2 High-Grade Skarn Target

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Above: high grade skarn-style mineralization sample no. GLAA18-036R - 13.5% Cu, 122 g/t Ag, 0.146 g/t Au

(This Zone Outcrops)

Readers should note that rock grab samples are by their nature selective and not necessarily representative of the mineralization hosted on the property

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GL2 Ridge East High-Grade Porphyry Target

Copper Gold Silver

21.1 g/t 22.4 g/t 10.8 g/t

250 m

Readers should note that rock grab samples are by their nature selective and not necessarily representative of the mineralization hosted on the property

(This Zone Outcrops)

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GL2 High-Grade EP Zone Target

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Photo, right: high grade epithermal-style mineralization sample

  • no. GLVB18-031R –

3,180 g/t Ag, 18.4 g/t Au

Readers should note that rock grab samples are by their nature selective and not necessarily representative of the mineralization hosted on the property

(This Zone Outcrops)

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GL3 Target

 Strong, multi-element Au-Ag-Pb-Zn anomaly  Another straight- forward drill target

GL2 Target Area

GL1 Target Area

(historical 1984 Newmont drill collars shown)

BCGS Red Line

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GL3 Target Area GL2 Target Area GL1 Target Area

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Exploration Plans – Geochemical Sampling

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Exploration Plans – Geophysics (IP)

GL3 Target Area GL2 Target Area GL1 Target Area

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Exploration Plans – Drilling

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Property Activity Scope Timing

Snoball Phase I Drilling - Pyramid Peak & Snoball Ridge Targets ~2,400 metres June-July Golden Lion Induced Polarization Geophysical Survey ~30-35 line-kms June Geochemical Sampling - Soils and Rocks ~500 samples June-July Phase I Drilling - GL1, GL2, GL3 Targets ~2,400 metres July-August

Note: Contingent upon success, the exploration program may expand. Season can run as late as mid October

TSXV: EVER OTC: EVGUF FRA: A2PTHZ

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Camp Site – Golden Lion

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Track north to Golden Lion

Golden Lion

Moderate Topography

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TSXV: EVER OTC: EVGUF FRA: A2PTHZ

Basic Shares 31,958,000 Warrants 10,435,077 Options 3,185,000 Fully Diluted Shares 45,578,077 Share Price 0.74 $ Market Cap - Basic 23,648,920 $ Cash1 2,800,000 $ Debt

  • Enterprise Value

20,848,920 $

Evergold Capitalization Table (as at July 15, 2020)

Note: Of the ~31.9 million shares outstanding, 5,016,225 shares are currently held in escrow for Evergold insiders, to be released in 15% tranches (1,003,245 shares) every six months on April 4 and October 4 each year, with the final tranche to be released on October 4, 2022. An additional 1,757,388 shares from the May 22, 2020 financing are subject to a four-month hold expiring September 22, 2020.

  • 1. Excludes pre-paid exploration expenses totalling

$325,291

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Kevin M. Keough, President & CEO, Director – HBSc Geological Sciences, Queen’s University. Mr. Keough

most recently served as CEO of GT Gold Corp., which is advancing the important Saddle Au-Cu-Ag discoveries in B.C.'s Golden Triangle. He began his career with Anglo American Corp. and De Beers, and has more than 35 years diverse business experience. He couples a technical background and international experience with expertise in project and public company management, finance and capital markets, communications, and business development.

  • K. Tracy Albert, Chief Financial Officer, CFA, CPA, CMA – BComm, University of Ottawa. Ms. Albert is a

Chartered Professional Accountant (CPA CMA) and Chartered Financial Analyst (CFA), with 25 years experience in diversified, progressive accounting and finance leadership roles. She has held Controller, Director of Financial Reporting, and Chief Financial Officer roles in both publicly-traded and privately-held companies.

Andrew J. Mitchell, Vice President, Exploration, P.Geo. - B.Sc. Earth & Environmental Sciences, University of

British Columbia (UBC). Mr. Mitchell is a senior geologist with CJ Greig & Associates, and has 10 years mineral exploration experience in the North American Cordillera involving grass roots to advanced-stage projects, mainly with Archer Cathro & Associates Ltd. in the Yukon and northern B.C.

Monique Hutchins, Corporate Secretary - BComm, Concordia University, member of the Institute of Chartered

Secretaries and Administrators. Ms. Hutchins is the Managing Director of DSA Corporate Services and has over fifteen years of corporate governance, corporate secretarial, client relationship and marketing experience with companies including Independent Review Inc., the organization that runs Independent Review Committees for the Ontario investment fund sector, Kingsdale Shareholder Services and Institutional Shareholder Services.

Management

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Kevin M. Keough, President & CEO, Director – HBSc Geological Sciences, Queen’s University. Mr. Keough most recently served as founding

President and CEO of GT Gold Corp., which is advancing the large-scale Saddle Au-Cu-Ag discovery in B.C.'s Golden Triangle. He began his career with Anglo American Corp. and De Beers, and has more than 35 years diverse business experience. He couples a technical background and international experience with expertise in project and public company management, finance and capital markets, communications, and business development.

Bernice Greig, Director – BA (History) and Diploma Art History, University of British Columbia, LLB, University of Victoria. Ms. Greig is a lawyer and

general solicitor with a practice in Penticton, B.C. She has had direct involvement in mineral exploration as a soil and stream sediment geochemical sampler in the Yukon with Archer Cathro & Associates Ltd., and with a number of long-standing clients with close associations with the sector.

  • P. Alexander Walcott, Director – B.Sc. Earth Sciences (Major), Physics (Minor), University of Alberta. Mr. Walcott is a long-standing employee of

geophysical contractor Peter E. Walcott & Associates Ltd.. He has more than 20 years of active field experience in geophysical surveying and consulting throughout the North American Cordillera and around the world.

Rosie Moore, Director (Independent) – B.S. Geology, M.S. Geology, Kent State University. Ms. Moore has more than 35 years diverse international

experience in the industry spanning a spectrum of roles from fieldwork and project management on prominent discoveries such as Voisey’s Bay, through mining analyst, corporate finance and portfolio management roles, to senior officer and director positions, including roles with Ivanhoe Capital, Yorkton Securities, Diamond Fields, Pan American Silver, Bear Creek and Geologic Resource Partners. Her work has involved multiple commodities and multiple projects encompassing the range of development stages, in jurisdictions around the world.

Darwin Green, Director (Independent), P.Geo. - B.Sc., University of British Columbia, M.Sc., Carleton University. Mr. Green commenced his career

in BC’s Golden Triangle, and has more than 25 years of experience exploring and evaluating gold and base metal systems in Canada, the U.S. and Latin

  • America. He is President & CEO of TSXV-listed Highgold Mining Inc., a spin-out from Constantine Metal Resources where, until the recent launch of Highgold

he served for many years as Vice President, Exploration. He brings field skills, business development and community engagement expertise to the Board. …………………….

C.J. “Charlie” Greig, P.Geo., Advisor - B.Sc. & M.Sc. Geological Sciences – UBC, and B.Comm - UBC. With more than 35 years in the mineral

exploration sector, Charlie Greig is among the most experienced geologists in B.C.. He presently serves as VP Exploration of GT Gold Corp. where, since the Company’s establishment in fall 2016, he has led the exploration team that delivered and is now advancing the very large scale “Saddle” Au-Ag-Cu discovery, likely to emerge as the most important new discovery in the northern part of B.C.’s rich Golden Triangle since that of the nearby Red Chris deposit in the 1990s. Past projects in the Golden Triangle include work on Brucejack Lake (Pretivm), Red Mountain (Lac Minerals, IDM), Silbak Premier (Westmin, Ascot), and IKE (HDI-Amarc), in addition to work abroad on such projects as La India in Mexico (Grayd, Agnico Eagle) and Bisha in Eritrea (Nevsun).

Directors & Advisors

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