Exceptional Team, Solid Production, Significant Valuation Upside - - PowerPoint PPT Presentation

TSX:NMI OTCQX:NMKTF May 2016

Exceptional Team, Solid Production, Significant Valuation Upside

2 TSX:NMI

Forward-looking Statements

Certain information set forth in this presentation contains “forward-looking statements”, and “forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company’s expectations about its business and

• perations, and are based on the Company’s current internal expectations, estimates, projections, assumptions and

beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “will”, “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These statements are not guarantees of future performance or outcomes and undue reliance should not be placed on them. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, 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. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are included in this presentation or incorporated by reference herein, except in accordance with applicable securities laws. All amounts are presented in United States dollars ("$") unless otherwise stated. References in this document to “C$” are to Canadian dollars and references to "A$" are to Australian dollars.

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Newmarket Gold Highlights



Excellent balance sheet US$52.1 million cash (A$72.0 million equivalent) and US$1.6 million long-term debt



Experienced capital markets and operational team with a proven track record of execution and significant value creation



Three 100% owned operating gold mines in Australia with sustainable production of over 200,000 ounces annually with strong cash flow (all production unhedged)



Record Q1, 2016 Fosterville Gold Mine Production of 33,138 ounces on record grade of 7.34g/t gold



Q1 2016 generated US$8.9 million free cash flow



New mine site discoveries leading to organic production growth



Disciplined gold asset consolidation strategy



Highly leveraged to the AUD$ gold price (A$1725, May 9, 2016)

NEWMARKET OPPORTUNITY

$2,225 $3,774 EV/oz Production EV/oz Production 5.5x 8.1x Price/2016E CFPS (ratio) Price/2016E CFPS (ratio) Peer Group1 Peer Group1 Newmarket Valuation Newmarket Valuation

• 1. Peer group details slide 9. Source: FactSet, Bloomberg, company disclosure, available equity research. Averages exclude Newmarket, details as at May 13, 2016.

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STRONG FINANCIAL POSITION

Cash Balance(million) US$52.1 Working Capital (million) US$38.0 Debt (million) US$1.6

Balance Sheet

TSX:NMI OTCQX: NMKTF Market Capitalization (million) (as at May 09, 2016) US$470 Issued and Outstanding (million) 175.6 Options (million) 10.7 Performance Share Units (million) 3.7 Warrants (million) 0.5 Fully Diluted (million) 190.5 Luxor Capital Group LP 19.3% Eric Sprott 17.9% Management/Board (basic) 7.4%

Capital Structure & Ownership Average Daily Volume

30 day 1,700,000

CASH $52.1 Million

$67.5 $74.2 $76.5 $112.1 $117.7 2013A 2014A 2015A 2016E 2017E

Source: 2013-2014 Actuals, 2016E-2017E – Factset Consensus

Consensus Estimated Operating Cash Flow (US$ Millions)

Debt $1.6 Million

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 Strong Founders share

• wnership: C$12 million currently

invested (7.4% issued and outstanding)  Aligned PSU Vesting Plan

based on share price performance

 Focused on executing and

creating significant shareholder value

EXPERIENCED VALUE CREATION TEAM

Raymond Threlkeld Chairman Douglas Forster President, CEO & Director Blayne Johnson Executive VP, Director Lukas Lundin Director Randall Oliphant Director Darren Hall Chief Operating Officer Doug Hurst VP Corporate Development Robert Dufour Chief Financial Officer Robert Getz Director Kevin Conboy Director Edward Farrauto Director Michael Vint Director

Advisors

Ian Telfer Capital Markets Michael Vitton Capital Markets

The founders have created over $30 billion in market cap value

ALIGNED WITH SHAREHOLDERS

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SUSTAINABLE PRODUCER WITH A STRATEGY FOR LONG-TERM GROWTH

RECORD 222,671 oz

FLAGSHIP FOSTERVILLE GOLD MINE

3 Australian

CONSOLIDATED GOLD PRODUCTION

2015 RECORD YEAR

RECORD PRODUCTION 123,095 RECORD GRADE 6.11 g/t Au RECORD RECOVERY 88.5% RECORD DRILL INTERCEPT 645g/t Au over 3.5m

CONSOLIDATED COSTS

OPERATING CASH COSTS $US 704/oz ALL-IN SUSTAINING COSTS $US 987/oz

Gold Mines

THREE NEW MINE SITE DISCOVERIES

ROBUST AUD$ GOLD PRICE

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Q1 2016 HIGHLIGHTS



Fosterville Record: 33,138 ounces on record mill grade of 7.34 g/t Au



Fosterville achieves low operating cash costs of US$4731 and AISC of US$7231



Consolidated Q1, 2016 production of 58,057 ounces



Consolidated Operating Cash Costs of US$7011 and All-in Sustaining Costs of US$9081



US$8.92 million generated in free cash flow



27% improvement in Cosmo production to 16,340 ounces over Q4, 2015 including a record month in March of 8,022 ounces



Continued high grade, visible gold-bearing drill intercepts from the Lower Phoenix gold system; Eagle and East Dipping structures including: 500.7 g/t (17.6 opt) Au over 12.5 m (ETW: 4.5 m)



Fosterville’s new gravity gold circuit is operational and being commissioned with free gold currently being recovered

As at March 31, 2016 1. Operating Cash Costs and All-in Sustaining Costs (“AISC”) refer to Non-IFRS Measures on Slide 32 2. Free Cash flow based on operating cash flow of US$18.3 million less CAPEX of $9.4 million after investing US$3.8 million into growth.

(As at Mar 31, 2016)

US$ Million

Revenue $66.1 Operating cash flow $18.3 Net Income $6.5 Net Income per share (basic and diluted) $0.04 Cash $52.1 Sustaining Capital $9.4 Growth Expenditure $3.8

HIGHLIGHTS

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Newmarket Gold/Lake Shore Gold Value Comp

Trading Multiples NMI 2015 FY May 6/16 LSG Takeout Feb 8/16

Share / Offer price C$/sh $3.74 $1.71 FDITM Mkt Cap / Equity Purchase Price US$ million

$540 $682

FDITM EV1 US$ million

$472 $617

2015 Production koz Au 223 179 2015 Cash Costs US$/oz $704 $580 2015 AISC US$/oz $987 $870 Reserves million oz Au 0.8 0.8 Resources (inclusive) million oz Au 6.4 11.2 EV/ 2015 Production US$/oz

$2,120 $3,446

EV/ Reserves US$/oz $615 $798 EV/ Resources US$/oz $73 $55 P / CF

4.23x 6.90x

1 EV reflects proceeds from option and warrant exercises to date. Source: GMP Securities



February 8, 2016: Tahoe Resources announces acquisition of Lake Shore Gold for C$945 million



Tahoe Resources share price has increased ~50% since the acquisition of Lake Shore Gold (LSG Adj EV/oz 2015 Production would be $5,425)

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Share Price Performance

Source: FactSet, Bloomberg, company disclosure

Share Price Performance Since IPO

$0.00 $1.00 $2.00 $3.00 $4.00 16-Jul-15 16-Sep-15 16-Nov-15 16-Jan-16 16-Mar-16 16-May-16 Share Price (CAD) NMI Share Price News

09-Sept-15 Strong exploration results at Fosterville 29-Oct-15 Additional HG exploration results at Fosterville with Eagle Zone extended 18-Jan-16 Announces 2015FY results; 223koz at US$987/oz AISC within guidance 12-Feb-16 Becomes debt-free – Announces intention to redeem convertible debentures 29-Feb-16 Near-mine HG gold mineralization discovered at Lower Phoenix 4-April-16 Eric Sprott purchases 10M shares at C$2.25 12-Apr-16 Announces strong Q1 Results; record quarterly production at Fosterville 26-Apr-16 Eric Sprott increases

• wnership to 17.9% by

purchasing additional 16.2M shares at C$2.80 16-May-16 Announces results of a strong PEA at Maud Creek – Pre-Tax NPV of A$201M, IRR of 116%

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Source: FactSet, Bloomberg, company disclosure, available equity research. Averages exclude Newmarket as at May 13, 2016.

Peer Group Comparison

 All comparison metrics present an

• pportunity for a continued significant

valuation opportunity with Newmarket Gold

$2,225 $2,386 $3,435 $3,465 $3,670 $3,683 $3,769 $3,863 $4,700 $4,998 Average: $3,774 5.1x 5.5x 6.2x 6.6x 6.7x 7.5x 8.6x 9.2x 9.9x 13.1x Average: 8.1x 4.4x 5.5x 5.9x 6.2x 6.5x 6.6x 7.3x 7.4x 8.3x 10.3x Avera rage ge: 6.9x

EV / 2016E Prod. (US$/oz) Price / Consensus 2016E CFPS (ratio) EV / Consensus 2016E EBITDA (ratio)

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Producing in a Top Mining Jurisdiction

COSMO/UNION REEF

Location Northern Territory Ownership 100% Metals Gold Mining Underground Capacity 2.0Mtpa Yrs in Production 2.5

• Prod. Guidance

60k – 65k ounces Discovery Western Lodes Discovery MAUD CREEK GOLD PROJECT Location Northern Territory Ownership 100% Metals Gold Mining Open Pit + Underground Stage PEA M&I Resources 724,000 ozs @ 3.46 g/t1

• 1. See slide 27/28 for details on Mineral Resource and Reserve details 2. see Non-IFRS Disclosure p.35

FOSTERVILLE GOLD MINE

Location Bendigo, Victoria Ownership 100% (2% Royalty) Metals Gold Mining Underground Capacity 850Ktpa Yrs in Production +10

• Prod. Guidance

110k – 120k ounces Discovery Eagle Fault Zone

STAWELL GOLD MINE

Location Stawell, Victoria Ownership 100% (1% Royalty) Metals Gold Mining Underground Capacity 1.0Mtpa Yrs in Production +30

• Prod. Guidance

~35k ounces Discovery Aurora B Gold Zone

2016E CONSOLIDATED GUIDANCE

Production: 205,000 - 220,000 ounces Operating Cash Cost2: US$650 - US$725 per ounce All-in sustaining costs2: US$950 - US$1,025 per ounce

AUSTRALIA

BIG HILL GOLD PROJECT Location Victoria Ownership 100% Metals Gold Mining Open Pit Stage Permitting M&I Resources 166,000 ozs @ 1.52 g/t1

Producing Mine Development Project Mine site Discovery

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2015 Record Production

123,095 oz

2015 Record Grade

6.11 g/t Au

H2/15 Record Production 64,044 H2/15 Record Grade 6.37g/t Au H2/15 Record Recoveries 88% H2/15 Operating Cash Costs per ounce $496 H2/15 All-In Sustaining Costs per ounce $7811

Q1/16 Record production 33,138 Q1/16 Record grade 7.34g/t Au

Flagship Fosterville Mine – Low Cost Producer

U.S. Dollars unless stated otherwise 1. excludes corporate G&A, average for Q3/Q4, 2015, see page 27-28 for further 43-101 disclosure

DISCOVERY LOWER PHOENIX GOLD ZONE

2015 MINERAL RESOURCE & RESERVES



Proven and Probable underground Mineral Reserves increased 34% to 244,000 ounces of gold. (Dec 31. 2015)



Mineral Reserve grade increased 25% grading 6.95 g/t gold (Dec 31. 2015)



Fosterville’s current mining front comprising the Phoenix and Lower Phoenix gold systems, and associated structures, host Measured and Indicated Mineral Resources containing 673,000 ounces grading 8.33 g/t2 open up and down plunge High grade, visible gold-bearing Lower Phoenix system tested over two kms and open for expansion

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Fosterville Mine (Longitudinal Projection)

Harrier Drill Drive

12.5 g/t Au over 3.3m 12.75 g/t Au

• ver 5.9m

Lower Phoenix Phoenix Drill Targets 1km step-out drilling H2/2016 drill results NORTH SOUTH

Mineral Resources, Reserves and MINING as at December 31, 2015

Harrier Decline Harrier

Proven & Probable Mineral Reserves

• f 244,000 ounces grading 6.95 g/t

gold Fosterville Global Measured and Indicated Mineral Resources of 2.1 million ounces grading 4.39 g/t gold

4.4 g/t Au

• ver 8.0m

6.5 g/t Au over 6.0m 9.3 g/t Au

• ver 3.3m

6,000mN

9.2 g/t Au

• ver 11.8m

7.3 g/t Au

• ver 13.9m

5,450mN 8050mN

Drilling underway

6.2 g/t Au

• ver 1.9m

14 TSX:NMI Legend

Drill Intercepts Coloured by Gram-Metre

Mined Stopes Reserves >30 5 - 15 Mined Development Mine Design Target Trend 15 – 20 1 - 5

12.8 g/t Gold over 8.5m 24.8 g/t Gold over 2.5m 16.4 g/t Gold (Visible Gold)

• ver 16.5m

73.2 g/t Gold (Visible Gold) over 7.8m 385 g/t Gold (Visible Gold) over 3.4m

Fosterville Mine (Lower Phoenix, Phoenix Mining Front)

112 g/t Gold over 11.9m 286 g/t Gold (Visible Gold) over 2.8m 11.1 g/t Gold over 4.9m 501 g/t Gold over 4.5m 161 g/t Gold over 4.9m 645 g/t Gold over 3.5m

Lower Phoenix & Phoenix gold system, current mining fronts at Fosterville include: M & I Resources of 673,000 oz grading 8.33 g/t gold Inferred Resources of 101,000 oz grading 9.49 g/t gold

Phoenix Lower Phoenix

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Fosterville Mine – Peer Cost Comparison

H2/15 Production H2/15 Cash Costs Per Ounce H2/15 AISC Per Ounce Fosterville/Newmarket Gold1 (Australia)

64,044 $496 $781

Andy Wells/Doray Minerals2 (Australia)

47,197 $443 $783

Carosue Dam/Saracen Minerals2 (Australia)

82,405 $548 $742

Timmins West/Lakeshore Gold3 (Canada)

64,000 $607 $929

Pajingo/Evolution Mining2 (Australia)

32,316 $634 $895

Macassa/Kirkland Lake4(Canada)

61,475 $650 $962

• 1. See non-IFRS details on slide 32, second half 2015 end Dec 31, 2015 for costs and production, excludes corporate G&A 2. Jun, Dec 2015 Quarterly Reports, Weighted average costs based on quarterly results.

Assuming 0.730 USD:AUD for all quarters 3. Q3 and Q4 Results Press Releases 4. Mar, Jun, Sep, Dec 2015 Quarterly Reports, Production based on 2015 Stub-year 8 month period May 1 to Dec 31, 2015, costs based on 6 month period ended Oct 31, 2015

(open pit/underground) (open pit/underground)

Underground Mine Comparisons

16 TSX:NMI Fosterville 123,095 Cosmo 63,255 Stawell 36,321

Fosterville Operation Profile 2014A 2015A 2016 Guidance Q1/2016A Gold Production 105,342 123,095 110 – 120 Koz 33,138 Gold grade (g/t) 4.62 6.11 n/a 7.34 Recovery (%) 86.4 88.5 n/a 86.8 Operating Cash Costs (US$/oz) $737 $516 $500-$575 $423 AISC (US$/oz) $1,186 $8371 n/a2 $723

Operations Overview

• 1. (see Non-IFRS Disclosure p.35). 2. 2016 Consolidated Company AISC guidance is US$950 – US$1,025/oz and operating cash cost guidance is US$650 – US$725/oz

Cosmo Operation Profile 2014A 2015A 2016 Guidance Q1/2016A Gold Production 77,740 63,255 60 – 65 Koz 16,340 Gold grade (g/t) 3.14 2.99 n/a 3.09 Recovery (%) 88.9 90.7 n/a 90.7 Operating Cash Costs (US$/oz) $1,000 $917 $720-$795 $939 AISC (US$/oz) $1,2631 $1,1541 n/a2 $990 Stawell Operation Profile 2014A 2015A 2016 Guidance Q1/2016A Gold Production 39,230 36,321 ~35 Koz 8,579 Gold grade (g/t) 1.67 1.56 n/a 1.43 Recovery (%) 78.8 80.8 n/a 79.9 Operating Cash Costs (US$/oz) $1,151 $917 $900-$975 $1,143 AISC (US$/oz) $1,1931 $1,0631 n/a2 $1,218

55%

GOLD PRODUCTION FROM FLAGSHIP FOSTERVILLE GOLDMINE

Gold Production (oz)

222,671 oz

FY 2015

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Stawell Mine Aurora B Discovery Section

Maiden Inferred Mineral Resource

• f 30,400 ounces grading 3.5g/t
• gold. The grade of the Aurora B

Inferred Mineral Resource is 42% greater than the underground Mineral Reserve grade

East Flank Target Aurora A

Traditionally mined West Flank total production to date 2.3 million

• unces

Magdala

13.7 g/t gold over 5.4 m

Drilling underway Aurora B located approximately 500m above Aurora A

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Maud Creek Gold Project Opportunity



Cosmo Gold Mine currently processes ~800,000 tpa through the Union Reefs Mill (guidance 2016, 60k-65k ounces)



Union Reefs mill has 1.2Mt of excess capacity to treat additional ore and is located 67km from Cosmo and 144km from Maud Creek



Pre-Tax Net Present Value at a 5% discount rate (“NPV5%“) of AUD$201 million (US$155 million) and Internal Rate of Return (“IRR”) of 116% with a 1.25 year payback period.



After-tax NPV5% of AUD$137 million (US$105 million) and IRR of 80% and a 1.25 year payback period.



Mine life of 9.5 years with average annual gold production of 52,000 ounces and peak annual gold production

• f approximately 70,000 ounces.



Total recovered gold of 496,000 ounces.



Life of mine (“LOM”) diluted head grade of 4.2 g/t Au.



Pre-production capital cost estimated at AUD$42 million (US$32 million).



LOM cash operating cost estimate of AUD$1,101/oz (US$847/oz) and LOM capital cost of AUD$113/oz.

MAUD CREEK GOLD PROJECT OPPORTUNITY UTILIZING UNION REEF MILL

BASE CASE PRELIMINARY ECONOMIC ASSESSMENT HIGHLIGHTS US$ 1,200 AND FX 0.77 US to AUD1

• 1. The PEA is preliminary in nature and is based on a number of assumptions that may be changed in the future as additional information becomes available. The PEA includes inferred mineral resources that are

considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. The Maud Creek Gold Project PEA Technical Report is available on Sedar and www.newmarketgoldinc.com and was compiled by Peter Fairfield, Principal Consultant (Project Evaluation), BEng (Mining), FAusIMM CP (Mining) of SRK Consulting (Australasia) Pty Ltd. By virtue of his education, membership to a recognised professional association and relevant work experience, Peter Fairfield is an independent "Qualified Person" as such term is defined in NI 43-101. Mineral resources that are not mineral reserves do not have demonstrated economic viability. For full details please see press release dated May 16, 2016

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PEOPLE

Founders have created over $30 billion of shareholder value Shareholder alignment C$12M invested, 7.4% equity ownership, performance share units vest based on share price performance Demonstrated operational excellence

OPERATIONS

Three operating mines in Australia with over 220,000 ounces of annual gold production, strong cash position US$52.1 million, with low Q1 2016 operating cash costs of $701 and AISC of $908 Trend to higher consolidated grades and recoveries

GROWTH

Newmarket’s vision is to become the next quality intermediate gold producer with annual production of 400-500kozs Focusing on internal organic growth and a prudent accretive acquisition strategy

Newmarket Gold Advantage

DISCOVERIES

Three new mine site gold discoveries close to current infrastructure with significant resource expansion opportunity – extensive drilling underway New Eagle visible gold discovery at Fosterville traced over 600m x 290m

• pen down plunge

Douglas Forster

President & CEO, Director

T: 604-559-8040 E: dforster@newmarketgoldinc.com

www.newmarketgoldinc.com

Contact Us

Ryan King

Vice President, Corporate Communications

T: 604-559-8040 E: rking@newmarketgoldinc.com TSX:NMI

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Proven Track Record of Success

“Newmarket Gold Inc.’s mission is to deliver exceptional shareholder value through a disciplined approach to acquiring quality, gold production assets and outstanding development

• pportunities in politically stable jurisdictions worldwide”

Public Sold

Principals have founded, managed and sold mining companies with a combined market value of approximately $30 billion

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Analyst Coverage1 and Liquidity Since July

Firm GMP Securities Anonymous TD Securities

• R. James

CIBC Beacon Canaccord RBC Scotia Shares Traded 24.5 Million 15.0 Million 8.7 Million 6.6 Million 5.5 Million 5.0 Million 3.7 Million 3.4 Million 2.7 Million

30 Day Avg Volume 1,700,000 (as of April 19 2016)

Broker Initiation Date Target Price Target Rating FY16E Production Oz (000’s) FY16E Cash Costs FY16E AISC CAPEX NAV Beacon Securities Nov ’15 $4.70 Buy 211 $704 $1,139 $29.5 $377 Cormark Securities Nov ’15 $3.30 Buy 222 $710 $1,017 _ $245 GMP Oct ’15 $3.55 Buy 227 $680 _ $55 $351 Laurentian Bank Dec ’15 $4.50 Buy 213 $697 $948 Raymond James Nov ’15 $3.75 Strong Buy 225 $709 $1,012 $58 $412 RBC Capital Nov ’15 $3.50 Buy 229 $696 $991 $58 $391 Rodman & Renshaw Dec ’15 $4.50 Buy 229 $725 $995 $47 $374 PI Financial Jan ’16 $4.60 Buy 226 $699 $944 $60.1 $209 M Partners Mar ’16 $4.75 Buy 225 $709 $1,062 $76.1 BMO Feb ‘16 $4.00 Buy 222 $686 $982 $480 Average $4.12

• 1. Factset consensus

(Trading details July 2015 - Mar 1 2016) OPINIONS ESTIMATES OR FORECASTS REGARDING NEWMARKET GOLDS PERFORMACE MADE BY THESE ANALYSTS ARE THIERS ALONe AND DO NOT REPRESENT THE OPINIONS ESTIMATES OR FORECASTS OF NEWMAKRET GOLD OR ITS MANAGEMENT.

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$400 $800 $1,200 $1,600 $2,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Gold Spot (in AUD$)

Historical Gold Price (in AUD$)

Appendix: Gold has remained strong in AUD terms

Source: FactSet, Bloomberg, company disclosure, available equity research

Current Spot Gold: AUD$1,725/oz (May 09, 2016)

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Appendix: Mineral Resources (Dec 31. 2015)

Source: Newmarket Gold March 21, 2016 press release announcing 2015 year-end mineral reserves and mineral resources Note: Mineral Resources are inclusive of Mineral Reserves. Mineral Resources have been rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding. Mineral Resources are stated as of Dec 31, 2015. Gold Price A$ 1,500/oz used. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

• 1. Newmarket Gold announced a Preliminary Economic Assessment on the Maud Creek Gold Project May 16, 2016. A NI 43-101 Technical Report is available at www.newmarketgoldinc.com and under the companies profile on sedar.ca.

The Maud Creek Mineral Resources summarize both the open pit and underground resource estimates as included in the PEA. The open pit Mineral Resource is exclusive of the underground mineral resource and reported at a 0.5g/t cut-

• ff grade. The underground Mineral Resource is exclusive of the open pit Mineral Resource and reported at a 1.5g/t cut-off grade.

Measured Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz) Fosterville UG 2,086 3.25 218 Fosterville Tailings 571 7.83 144 Cosmo 1,650 3.63 193 Stawell UG 56 2.56 5 Maud Creek1 1,067 5.59 192 Total Measured 5,430 4.29 752 Indicated Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz) Fosterville UG 12,950 4.57 1,904 Cosmo 2,987 2.99 288 Stawell UG 669 3.49 75 Stawell Op 3,394 1.52 166 Burnside 7,358 1.36 322 Union Reefs 3,579 2.38 273 Pine Creek 8,393 1.41 379 Maud Creek1 5,426 3.04 532 Total Indicated 44,756 2.74 3,939 Total (M&I only) 50,193 2.91 4,691 Inferred Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz) Fosterville UGa 5,073 4.08 665 CosmoC 678 2.76 60 Stawell UGd 1118 3.24 116 Stawell Opf 46 1.15 2 Burnsideg 6,820 1.46 321 Union Reefsh 3,342 2.3 247 Pine Creeki 2,540 2.34 191 Maud Creeke,1 1,980 2.32 149 Total Inferred 21,597 2.52 1,751

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Classification Structure Measured Indicated Inferred Tonnes Grade In situ Gold Tonnes Grade In situ Gold Tonnes Grade In situ Gold (kt) g/t Au (kOz) (kt) g/t Au (kOz) (kt) g/t Au (kOz) Allwood* Lower Phoenix 5 5.59 1 110 6.30 22 170 6.48 36 Eagle* Lower Phoenix 23 16.76 12 178 10.97 63 43 27.21 37 East Dippers* Lower Phoenix 1 6.85 544 9.79 166 27 16.12 14 Ellesmere

• 331

5.73 61 20 3.39 2 Harrier

• 48

3.96 6 25 3.62 3 Kestrel 6 6.69 1 960 4.70 145 175 5.13 29 Lower Phoenix* Lower Phoenix 64 7.68 16 495 8.75 139

• Lower Phoenix* FW

Lower Phoenix 37 10.38 12 278 8.16 73 34 4.89 5 Phoenix* Phoenix 151 7.58 37 627 6.54 132 59 4.89 9 Raven

• 119

8.12 31

• Robin
• 68

8.39 18

• Splays
• 912

5.74 169 298 3.98 38 Vulture

• 517

5.04 84 635 4.56 93 Stockpile# 27 4.65 4

• Total Sulphide

315 8.29 84 5,188 6.65 1,109 1,488 5.58 267

Notes: *Fosterville’s underground Measured and Indicated Mineral Resources include resources in the existing mining fronts in the Phoenix and Lower Phoenix gold system of 673,000 ounces grading 8.33 g/t Au. For the Mineral Resource estimate, the Qualified Person is Troy Fuller, MAIG, Geology Manager for Newmarket The Mineral Resources reported are inclusive of the Mineral Reserves for the same area. Lower cut-off grade of 3.0 g/t is applied to Lower Sulphide Mineral Resources below 5050mRL. Mineral Resources are rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Mineral Resource estimate used a gold price of A$1,500 per ounce. #Stockpile Inventory includes Lower Central Area Mineral Resources contained within the Run of Mine Stockpile and Coarse Ore Stockpile as at 31st December 2015

Appendix: Mineral Resources (Dec 31. 2015)

Fosterville Central Area Lower Sulphide Mineral Resources (Inclusive of Mineral Reserves) below 5050mRL – as at Dec. 31, 2015

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Appendix: Mineral Reserves (Dec 31. 2015)

2P Reserves Tonnes (Mt) Grade Au (g/t) Au (kozs) Fosterville (Under Ground) 1.09 6.95 244 Fosterville (Tailings) 0.57 7.83 144 Cosmo 0.93 3.38 101 Stawell (Under Ground) 0.35 2.45 28 Stawell (Open Pit) Big Hill 3.12 1.36 138 Union Reefs (Under Ground) 0.27 4.42 39 Union Reefs (Open Pit) 0.24 1.61 12 Pine Creek 1.3 1.55 62

Total Proven & Probably Reserves 7.8 3.05 769

Source: Newmarket Gold March 21, 2016 press release announcing 2015 year-end mineral reserves and mineral resources Note: Mineral Resources have been rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding. Mineral Reserves have demonstrated economic viability. Processing Recoveries range between 88% and 93%, excluding Fosterville Tailings which expects recoveries of 25% (see reports for details). Mining Recoveries range from 85% and 95% (see reports for details). Gold Price of $A1,450/Oz used. Mineral Reserves as of December 31, 2015. Mining Dilution ranges from 5% to 20% (see reports for details).

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Appendix: Fosterville Mine New Discoveries

 Eagle Fault, highlight intercepts include; 386 g/t Au (1) over 9.15 m (ETW 3.35 m) in hole UDH1238 (Including 5,283 g/t Au(1) over 0.6 m), 268 g/t Au (1) over 7.85 m (ETW 2.77 m) in hole UDH1255 (Including 5,276 g/t Au(1) over 0.35 m) and 73.15 g/t Au (1) over 8.7 m (ETW 7.78 m) in hole UDH1240A. Visible Gold has also been observed in the upper parts of Eagle zone in underground exposures.  Lower Phoenix Footwall, intercepted 77.87 g/t Au(1) over 6.3 m (ETW 4.33 m) in hole UDH1219A  East Dipping Fault, intercepted 246 g/t Au

(1) over 0.90 m

(ETW 0.81 m) in hole UDH1298 and 34.47 g/t Au over 5.1 m (ETW 4.09 m) in hole UDH1294  Kestrel structure returned 5.37 g/t Au

• ver 9.75 m (ETW 5.12 m) in hole

UDH1274 and 6.16 g/t Au over 11.05 m (ETW 5.12 m) in hole UDH1122

(1) Visible gold present in drill intercept, ETW - Estimated True Width, for further information on drill results see NewmarketGold’s press releases dated July 27, 2015 and September 14,

2015, Jan 11, 2016, Feb 29, 2016, May 9, 2016 located at www.newmarketgoldinc.com

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Appendix: Fosterville Mine (Eagle Zone - Visible Gold)

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Appendix: Cosmo Mine Western Lodes

 A number of drill holes have now penetrated the Western Lodes Target.  Drill results for the Cosmo Western Lodes which are outside of the current mine plan include 7.42 g/t gold over 4.3 m (estimated true width 2.85 m) and 6.59 g/t gold over 6.4 m (estimate true width 1.65 m).  Work continues to fully define the potential of the Western Lodes  Target is located only 160 m from current development and has the potential to increase resources at Cosmo and expand the current mine plan to alternative mining areas.

Note: For further information on drill results see NewmarketGold’s press release dated July 22, 2015 located at www.newmarketgoldinc.com

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Appendix: Cosmo Mine Sliver Lode & Deeps

 Development of the Sliver Lode at the Cosmo Mine with additional high grade results including: 14.79 g/t Au over 11.4 m (ETW 11.4 m) in hole CE67518 and 14.07g/t Au over 6.0 m (ETW 5.83 m) in hole CE67522.  Down plunge drilling in the footwall area of the Cosmo deposit, the Cosmo Deeps drill program has identified mineralization approximately 200 m down-plunge from the current base of Mineral Resources at Cosmo. The Cosmo Deeps drilling program was successful and include intercepts such as 5.85 g/t Au over 5.70 m (ETW 4.2 m) in hole CE84099 and 3.09 g/t Au over 6.4 m (ETW 5.0 m) in hole CE840100.  The very encouraging Cosmo Deeps and Sliver drill results have identified an opportunity to drill the down plunge potential of these targets from surface. This program is expected to commence in late 2015 and will cover 2,000 m of drilling to allow for future infrastructure planning for the mine. This drilling is planned to intersect the mineralization around 100 m down plunge from recent Sliver Lode drilling results as well as around 80 m above the intercept in drill hole CE840100. This program has the potential to add significant mineralization extension to the Cosmo deposit.

Note: For further information on drill results see NewmarketGold’s press release dated September 21, 2015 located at www.newmarketgoldinc.com

Cosmo Deeps

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Appendix: Stawell Aurora B East Flank

 New discovery of Aurora B East Flank mineralization is a significant event in the long history of the Stawell mine.  West Flank at Stawell has produced 2.3 million oz gold whereas the East Flank, where the Aurora B discovery has been made has no recorded production.  Drilling on the Aurora B discovery returned high-grade intercepts containing visible gold including: 7.06 g/t gold over 17.80 m (estimate true width 8.3 m).  Additional drilling on this new discovery is on-going.

Note: For further information on drill results see NewmarketGold’s press release dated July 22, 2015 located at www.newmarketgoldinc.com

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Fosterville Mine Gravity Circuit Addition

The company has now committed to installing a 10 tonnes per hour gravity circuit (Knelson Concentrator) within the secondary (‘Regrind’) grinding circuit (Figure 5) at a cost of US$0.4 million with the installation expected to commence in early 2016 and be operational by the end of Q2 2016.

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Appendix: Non-IFRS and Additional Information

Non-IFRSMeasures Newmarket Gold believes that investors use certain indicators to assess gold mining companies. The indicators are intended to provide additional information and should not be considered in isolationor as a substitutefor measuresof performancein accordancewith the InternationalFinancial ReportingStandards. “Operational Cash Costs per Ounce” is a non-IFRSperformancemeasurewhich could providean indication of the mining and processing efficiencyat the operations. The Company calculates operating cash costs per ounce by deducting silver sales revenue as a by-product from operating expenses per the consolidated statement of operations, then dividing by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation, share-based payments and rehabilitation costs. There are variations in the method of computation of “operational cash costs per ounce” as determined by the Company compared with other mining companies. For more detail on the operational cash costs per ounce determination for Crocodile Gold, please visit www.sedar.comor www.newmarketgoldinc.comand review the latest AnnualFinancialStatementsissued on March 19, 2014. “All-In Sustaining Costs per Ounce of Gold (“AISC”) Effective December 31, 2013, the Company has adopted an all-in sustaining cost (“AISC”) performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company’s definition conforms to the AISC definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations. The Company defines AISC as the sum of operating cash costs (per above), sustaining capital (capital required to maintain current

• perations at existing levels), capital lease repayments, corporate general and administrative expenses, mine exploration within the known resources and rehabilitation accretion and

amortization related to current operations. AISC excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, rehabilitation accretion and amortization not related to current operations, financing costs, debt repayments, share-based compensation not related to operations, and taxes. Additional Information Notes for Page 25: For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see the technical reports titled: NI43-101 TECHNICAL REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR NEWMARKET GOLD INC dated March 21, 2016 and; NI43-101 TECHNICAL REPORT – BIG HILL ENHANCED DEVELOPMENT PROJECT AT STAWELL GOLD MINE MINERAL RESOURCES & RESERVES PREPARED FOR CROCODILE GOLD CORP dated June 6, 2014. For the Northern Territory Mineral Reserve Estimates please refer to the technical reports titled: REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE COSMO DEEPS GOLD PROJECT dated March 21, 2016; NI 43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR NEWMARKET GOLD INC dated March 21, 2016; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE UNION REEFS GOLD PROJECT dated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE PINE CREEK GOLD PROJECT dated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE MAUD CREEK GOLD PROJECT dated December 31, 2012 and; REPORTON THE MINERALRESOURCES& MINERALRESERVESOF THE BURNSIDEGOLD AND BASE METAL PROJECTdated December 12, 2013. Mineral resourcesthat are not mineral reserves do not have demonstrated economicviability. Qualified Person Mark Edwards, MAusIMM (CP), MAIG, General Manager, Exploration, Newmarket Gold, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approvedthe technicalinformationand dataincludedin this presentation.