Fiore Gold Ltd. TSX-V: F OTCQB: FIOGF FSE: 2FO G R O W T H - O R I E N T E D U S G O L D P R O D U C E R M a y 2 0 2 0 TSX-V: F 1
DISCLAIMER CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation contains “forward - looking statements” and “forward looking information” (as defined under applicable securities laws), based on management’s best estimates, assumptions and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration, development and expansion of mineral properties, all financial and production guidance, goal to become a 150,000 ounce/year gold producer, consolidation plans targeting complimentary operations, expectations regarding COVID-19 pandemic response, including the effectiveness of our response and impact on our operations, future production, costs and cash generation at the Pan Mine, benefits of the primary crushing circuit at the Pan Mine, potential to grow mineral resources and extend the mine life at the Pan Mine, drilling programs, the all descriptions of future operations and estimates in the Gold Rock PEA, mineral resource estimates and other plans regarding our Golden Eagle project, and prospects for the Company, upcoming catalysts and other statements, estimates or expectations. Often, but not always, these forward-looking statements can be identified by the use of forward- looking terminology such as “expects”, “expected”, “budgeted”, “targets”, “forecasts”, “intends”, “anticipates”, “scheduled”, “estimates”, “aims”, “will”, “believes”, “projects” and similar expressions (including negative variations) which by their nature refer to future events. By their very nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Fiore Gold’s control. These statements should not be read as guarantee s of future performance or results. Forward looking statements are based on the opinions and estimates of management at the date the statements are made, as well as a number of assumptions made by, and information currently available to, the Company concerning, among other things, anticipated geological formations, potential mineralization, future plans for exploration and/or development, potential future production, ability to obtain permits for future operations, drilling exposure, and exploration budgets and timing of expenditures, all of which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Fiore Gold to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to vary materially from results anticipated by such forward looking statements include, but not limited to, risks related to the Pan Mine performance, risks related to the COVID-19 pandemic, including government restrictions impacting our operations, risks the pandemic poses to our work-force, impacts the virus may have on ability to obtain services and materials from our suppliers and contractors; risks related to the company’s limited operating history; risks related to international operations; risks related to general economic conditions, actual results of current or future exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates; increases in market prices of mining consumables; possible variations in ore reserves, grade or recovery rates; uncertainties involved in the interpretation of drilling results, test results and the estimation of gold resources and reserves; failure of plant, equipment or processes to operate as anticipated; the possibility that capital and operating costs may be higher than currently estimated; the possibility of cost overruns or unanticipated expenses in the work programs; availability of financing; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities; the possibility that required permits may not be obtained, renewed or permits are subject to legal challenges; changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Fiore Gold operates, and other factors identified in Fiore Gold’s filing with Canadian sec urities authorities under its profile at www.sedar.com. Although Fiore Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, 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 forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. Fiore disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. QUALIFIED PERSON The scientific and technical information relating to Fiore Gold’s properties contained in this presentation was reviewed by J . R oss MacLean (MMSA) Fiore Gold’s Chief Operating Officer and a “Qualified Person” under National Instrument 43 -101. Scientific and technical information referred herein has been extracted from and is hereby qualified by reference to the technical reports for our projects and mineral resource statements prepared by third-parties. The technical disclosure and mineral resource statements ref erenced herein are taken from: (1) the report titled “ NI 43 -101 Updated Technical Report, Pan Gold Project, White Pine County, Nevada”, with an effective date of June 30, 2017, which was pr epared by J. B. Pennington, M.Sc., C.P.G., Kent Hartley, P.E., Justin Smith, P.E., RM-SME., Deepak Malhotra, RM-SME, Valerie Sawyer, RM-SME, and Brooke J. Miller, M.Sc., C.P.G. as updated within the Pan Mine Reserve Statement, with an effective date of September 30, 2018, which was prepared by Kent Hartley, P.E., and Justin Smith, P.E., RM- SME; (2) the report titled “Technic al Report on the Preliminary Economic Assessment of the Gold Rock Project, White Pine County, Nevada, USA” with an effective date of March 31, 2020, by Michael B. Dufresne, M.Sc., P.Geol ., P.Geo., Gregory B, Sparks, B.Sc., P.Eng., Sam J. Shoemaker, Jr., B.S., SME Registered Member, Warren E. Black, M.Sc., P.Geo., and Steven J. Nicholls, BA.Sc ., MAIG., (3) the May 19, 2020 news release titled “Fiore Gold Reports 2.0 Million Ounce Measured And Indicated Resource At Its Golden Eagle Project, Washington State, USA” which reported a mineral resource estimat e with an effective data of March 31, 2020 prepared by Terre A. Lane, MMSA 01407QP, SME Registered Member 4053005, Principal Mining Engineer with Global Resource Engineering Ltd. Each of the persons named as having prepared the technical reports listed above is a “Qualified Person” under National Instrument 43 - 101 (“NI 43 - 101”). DISCLAIMER: This presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. No securities offered by the Fiore Gold have been or will be registered under the United States Securities Act of 1933 (“U.S. Securities Act”), as amended, or under state securities laws in the United States and ma y not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. TSX-V: F 2
FIORE GOLD KEY VALUE DRIVERS ✓ Track record of increasing gold production Cash Flow ✓ Solid balance sheet and strong cash flow from Pan From ✓ Guiding 45 - 48k ounces in FY/2020 Pan Mine ✓ Gold Rock drives organic gold production growth Develop ✓ Federal mine permitting completed in 2018 Gold Rock ✓ 2020 PEA shows 56 koz/yr, NPV5% of US$49.7M and a 22.8% IRR ✓ Add on complementary operations Consolidate & ✓ Restructure Spin out 2.0 Moz Golden Eagle project ✓ Growth drives higher multiples, lower AISC ✓ Viable path to +150k ounces per year +150,000 OUNCE GOLD PRODUCTION TARGET TSX-V: F 3
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