NOVA SCOTIA'S NEWEST GOLD EXPLORER Rediscovering the Meguma Gold - - PowerPoint PPT Presentation

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NOVA SCOTIA'S NEWEST GOLD EXPLORER Rediscovering the Meguma Gold - - PowerPoint PPT Presentation

NOVA SCOTIA'S NEWEST GOLD EXPLORER Rediscovering the Meguma Gold District Corporate Presentation April 2019 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION All statements in this presentation, other than statements of historical


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NOVA SCOTIA'S NEWEST GOLD EXPLORER

“Rediscovering the Meguma Gold District”

Corporate Presentation –April 2019

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CSE:NSAU OTC:NSAUF FSE:2CU www.MegumaGold.com

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

All statements in this presentation, other than statements of historical fact, are "forward-looking information" with respect to MegumaGold within the meaning of applicable securities laws including, without limitation economic estimates and any statements related to estimated mining costs. MegumaGold provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations, as well as those risks and uncertainties identified and reported in MegumaGold’s public filings under its SEDAR profile at www.sedar.com. Although MegumaGold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or

  • intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially

from those anticipated in such statements. MegumaGold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. All historical resource estimates, preliminary economic assessment (PEA), production data, drilling or sampling figures (“technical Information”) quoted herein are based on prior data and NI 43-101 technical reports prepared by previous operators or adjacent property holders. MegumaGold has not verified this technical information and this information is not necessarily indicative of the mineralization potential on MegumaGold’s properties discussed herein. All historical information disclosed should not be relied upon and has not been verified by a Qualified Person. All scientific and technical information contained in this presentation has been reviewed and approved by Fred Tejada, P.Geo., a Qualified Person under the meaning of NI 43-101. 2

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UNIQUE ADVANTAGES

Well-financed to expand the resource potential

  • f the historic Meguma Gold Camp

One of the largest land positions adjacent to existing low-cost gold mining operations Positioned to capitalize on future opportunities in the Meguma gold district

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PROJECT SUMMARY

Meguma Gold has acquired 11,147 mineral claims totalling 179,280 hectares becoming one of Nova Scotia’s single largest mineral claim holders. Claims staked along under-explored trends of known gold occurrences near anticlinal structures Meguma now controls approximately 466 km (total strike length) of gold-prospective anticlines Recently initiated a 12,342 kilometre aeromagnetic and radiometric survey and acquiring 1,110 square kilometres of LiDAR Planning an aggressive state of the art exploration program to develop a proprietary "fingerprint" model for identifying new deposits within its holdings Meguma believes that these land holdings constitute a district-scale gold exploration and development opportunity

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MEGUMAGOLD corp. CLAIM LICENCE AREAS MOOSE RIVER AREA GREATER BEAVER DAM COCHRANE HILL REGIONAL FIFTEEN MILE STREAM REGIONAL GREATER GOLDENVILLE MOOSELAND AREA DUFFERIN GOLD DISTRICT GOLDBORO & ISAACS HARBOUR

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EXPLORATION AND DEVELOPMENT PLAN

PHASE 1

LiDAR & Airborne Geophysics Q2 2018 Complete LiDAR Over Project Area Q3 2018 Airborne Geophysics Q3 2018 RC Drilling Targets Chosen

PHASE 2

RC and Diamond Drilling up to 120,000 metres Q3 2018 RC Drilling Commences Q4 2018 Diamond Drilling Commences Q1 2020 Phase 2 Drilling Complete

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MANAGEMENT & DIRECTORS

Theo van der Linde, CA President and Director

  • Mr. van der Linde is Chartered Accountant with 17 years of extensive finance, administration and public accounting experience in mining, oil & gas, financial services,

manufacturing and retail industries. He has extensive experience with Junior Exploration (Mining and Oil & Gas) and producing mining companies at various stages of growth. He has in the past, and is currently working on projects in South Africa, West-Africa, East-Africa, Peru, United Kingdom, Sri-Lanka and the United States. Regan Isenor CEO

  • Mr. Isenor obtained a B.A. from Acadia University and Masters in Project Management from Saint Mary’s University and has 14 years’ experience in exploration projects around

the world with publicly traded companies. Mr. Isenor has worked on various international projects in Turkey (Menderes), West Africa (Burkina Faso, Bissa Hill deposit, Mali Siribaya Gold project), Ireland (Zinc), Northern Ontario and at home in Nova Scotia. Mr. Isenor served on the executive and was a past president of the Mining Society of Nova Scotia. Peter Nguyen, CA CFO

  • Mr. Nguyen is a Chartered Accountant and holds a degree from the University of British Columbia. He has held senior financial positions for both public and private companies

where he provided assurance, corporate finance, tax and business advisory services. Fred Tejada, P.Geo. Independent Director

  • Mr. Tejada is a professional geologist registered in British Columbia. He has over 30 years of international mineral industry experience and has a proven track record, working

with both major and junior mining and exploration focused organizations. He is currently CEO and director of European Electric Metals Inc, a company focused on electrification

  • metals. Mr. Tejada was Country Manager for Phelps Dodge Exploration Corporation in the Philippines and previously Vice President for Exploration of Panoro Minerals Ltd. where

he directed the resource definition drilling of its two major copper projects in Peru. He had also been previously involved in the exploration of the Trend and the Belcourt Saxon coal projects in Northeast British Columbia. Mr. Tejada is also a director of several junior mining companies based in Vancouver, BC. Stephen Stine, PE Independent Director

  • Mr. Stine is a mining executive with 39 years experience in public/private company formation, acquisitions, turnarounds, debt and equity financings and mine operations around

the world. Mr. Stine is a co-founder and former director of Alamos Gold where he served as COO in charge of exploration and production. Mr. Stine previously worked for Southern Peru Copper in Peru and speaks Spanish. Most recently, Mr. Stine acted as Director and COO of Etruscan Resources where he was responsible for turning around the Youga Gold Mine in Burkina Faso, West Africa. During that time, the mine doubled production and the cost of production was reduced by 50%.

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WHY GOLD IN NOVA SCOTIA?

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  • Resurgence of Gold Mining
  • Extensive Geological Work

Completed

  • Safe and Friendly Mining

Jurisdiction

  • Strong Local Community and

Government Support

  • Local Mining Workforce

MEGUMA CAMP

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In excess of 65 historic gold districts hosting past mining operations Between 1862-1927, 966,241 oz of gold were mined from 2,184,850 tons of crushed material (G. Malcolm, 1929) Historic mining in Nova Scotia focused on vein-hosted gold within quartz veins and argillite

NOVA SCOTIA’S RICH GOLD MINING HISTORY

Source: NSDNR, 2018

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Shale-hosted gold mineralization overlooked, but combined with quartz veins has completely changed exploration potential in region leading to mineable open-pit deposits “String of pearls” deposit models along lengthy (50 to 80 km) fault structures (anticlines) that have had little exploration for shale-hosted gold deposits EXCEPTIONAL EXPLORATION POTENTIAL FOR ADDITIONAL GOLD DEPOSITS AND RE-EXAMINATION OF PAST-PRODUCING AREAS

EMERGENCE AS A TIER 1 GOLD JURISDICTION

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A PARADIGM SHIFT

Historical mining may have missed the vast majority of the gold as a result of not extracting disseminated gold Discovery of the Touquoy Deposit in the 1980’s demonstrated that significant disseminated gold is associated with argillaceous shales with no quartz veins Nova Scotia is now recognized as a major host of disseminated-style gold deposits - A MAJOR MODEL SHIFT

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A CASE STUDY

Project Name T

  • tal Historical

Gold Production from Camp1 Measured & Indicated Mineral Resources only (July 20, 2017)2 Gold Potentially “Not Recovered” by Not Having a Better Understanding of Disseminated Gold Moose River 25,917 oz 479,000 oz 95% Fifteen Mile 21,291 oz 452,000 oz 95% Cochrane Hill 2,081 oz 398,000 oz 99% Beaver Dam 967 oz 426,000 oz 99%

Sources: 1https://en.wikipedia.org/wiki/Gold_mining_in_Nova_Scotia

2http://atlanticgoldcorporation.com/_resources/presentation/corporate_presentation.pdf?v=5

and Ausenco NI 43-101 technical report filed on SEDAR under Atlantic Gold profile (March 2018)

THE DISSEMINATED GOLD DIFFERENCE

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EVOLUTION OF THE CARLIN TREND GOLD DISTRICT

Like in Nova Scotia, gold was first discovered in Nevada in the 1860’s, beginning in the Eureka district in 1864. Not until nearly 100 years later was there a better understanding of sediment-hosted disseminated gold deposits in that region with the discovery of the Carlin gold deposit in 1961 Application of the disseminated gold model has since resulted in a plethora of major gold discoveries along the Carlin Trend that have turned Nevada into one of the largest present-day gold production jurisdictions in the world MegumaGold believes this new understanding of the greater deposit model demonstrates how historic vein-focused production extracted a mere fraction of the total gold potential and that non-visible disseminated gold in Nova Scotia, like non-visible disseminated gold in Nevada, presents an opportunity to advance Nova Scotia as a world-class gold district

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EVOLUTION OF A WORLD-CLASS GOLD DISTRICT

CARLIN DISTRICT

The Evolution

1864-1961: <25,000 ounces of gold produced from numerous small-scale, nuggety-style mining operations 1961: Newmont Mining Corporation discovers the massive disseminated gold Carlin deposit 1965: Production commences at Carlin deposit 1965 to Present Day: Over 84,000,000 Au oz have been produced along Carlin Trend making it the most prolific mining district in the USA

MEGUMA DISTRICT

The Beginning…

1862-1927: 966,000 ounces of gold produced from numerous small-scale nuggety-style quartz vein operations 1980: Seabright Resources discovers the large disseminated gold Touquoy deposit 2018: Atlantic Gold commences production at the Touquoy deposit 2018 Onward: Several companies exploring for, and mining gold in Central Nova Scotia resulting in the highest activity in decades

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MegumaGold PROPERTIES

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TARGET DELINEATION VECTORS

High Amplitude Magnetic Response Touqouy Like Geochemical Alteration Signature in Outcrop Gold Bearing Anticlinal Structure Proximity to Historically Producing Gold Deposits North West Trending Faults

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The Company has identified 32 Targets in The Central, Eastern and Southern Meguma Projects

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SOUTHERN MEGUMA

Mooseland Area

Killag Keefe Lake

Iron Bridge Pond Grant River

Dufferin Gold District

Dufferin East

CENTRAL MEGUMA

Greater Beaver Dam Area

Ragged Falls Sand Lake Burke Lake Como Lake Kent Lake Smith Lake

Moose River Area

Touqouy West Gold Lake Muskrat Lake

Fifteen Mile Stream Area

Seloam Lake Moser Lake Gold Mine Brook Boot Jack Bog Govenor Lake

Phase 1 Drilling Target Phase 1 Drilling Target Phase 1 Drilling Target

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Eastern Meguma

Cochrane Hill Regional

Cochrane Hill Debert Lake McMullin Lake Archibald Lake

Greater Goldenville Area

Black Brook Dan Lake Devils Lake Little River Falls

Wine Harbour

Wine Harbour

Goldboro & Isaacs Harbour

Fowlers Lake Upper Seal Harbour Isaacs Harbour Loon Lake

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Central Meguma

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CENTRAL MEGUMA PROJECT

MOSER /SELOAM AKE

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MOOSE RIVER AREA

23 The Moose River Area Project consists of 282 mineral claims covering 4,565 Ha MegumaGold claims are located along strike from Atlantic Gold’s Touquoy property Gold production in the Moose River area dates back to 1877 and approximately 21,500 oz mined from vein-hosted deposits in the area Approximately 400 holes were drilled in the Moose River area between 1986 and 2008 – 175 of these holes drilled at the Touquoy Zone including 25 Reverse Circulation holes A further 125 holes were drilled by Atlantic Gold for their resource delineation At a selected cut-off grade of 0.5 g/t Au the adjacent Touquoy Deposit contains Measured and Indicated Resources of 10.1 Mt at an average grade of 1.5 g/t Au and 1.6 Mt of Inferred Resources at 1.5 g/t Au (NI 43-101 Resource Estimate - Atlantic Gold, 2018)

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24

TOUQUOY WEST

Moose River Mine 2 km Shea Lake

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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GOLD LAKE

Gold Lake Gold District Gold Lake 28 ppb Au

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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MUSKRAT LAKE

Muskrat Lake

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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GREATER BEAVER DAM AREA

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The Greater Beaver Dam claim group consists of 114 claims covering approximately 1,824 Ha MegumaGold claims are located along strike from Atlantic Gold property Gold was first discovered in the Beaver Dam area in 1889 and by 1941 a total of 967 oz had been mined 1986 to 1989 Seabright mined underground and 41,119 tonnes were milled at a grade of 1.85 g/t 476 drill holes have been completed totalling approximately 80,000 metres since 1974. The adjacent property contains Measured and Indicated Resources of 9.27 Mt at an average grade of 1.43 g/t Au and 1.84 Mt of Inferred Resources at 1.37 g/t Au (NI 43- 101 Resource Estimate - Atlantic Gold, 2018)

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COMO LAKE

Beaver Dam Mine 0.5 km 6 ppb Au Como Lake Au Occurrence in Boulder Como Lake

A B

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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KENT LAKE

A B C D

Kent Lake Beaver Dam Mine 5 km

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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RAGGED FALLS

Ragged Falls Au Prospect in quartz vein East

A B C

56 Au ppb 86 Au ppb

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Burke Lake

A C B

34 ppb Au

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Sand Lake

A B

Sand Lake

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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FIFTEEN MILE STREAM REGIONAL

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The Fifteen Mile Regional Project consists of 177 mineral claims covering 2,865 Ha MegumaGold’s claims are located along strike from Atlantic Gold property Gold was first discovered in the Fifteen Mile area in 1867 with about 19,400 oz mined between 1883 and 1911 163 drill holes totalling 30,353 metres have been completed since in the area since 1985 An adjacent property contains Measured and Indicated Resources of 10.59 Mt at an average grade of 1.33 g/t Au and 6.64 Mt of Inferred Resources at 1.12 g/t Au (NI 43-101 Resource Estimate - Atlantic Gold, 2018)

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Seloam Lake Seloam Lake Moser Lake 149 Prospect Atlantic Gold’s Fifteen Mile Stream Project

MOSER / SELOAM LAKE

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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35

SMITH LAKE

63 ppb Au 23 ppb Au

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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GOVERNOR LAKE

33 ppb Au Abrahams Lake Upper Caribou Lake Au Occurrence in till Otter Lake

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Cochrane Hill West

74 ppb Au

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Gold Mine Brook

Gold Mine Brook Au Occurrence

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Wittenburg

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The Wittenburg Project Area consist of 202 claims covering approximately 3,268 Ha MegumaGold claims are located along strike and adjacent to Legion Mineral property Property located along strike from McCullough Brook Gold occurrence Exploration targets occur along extensive anticlinal structure No history of diamond drilling

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Wittenburg East

McCullough Brook Au Occurrence

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Wittenburg West

South Branch Stewiacke Au Mine

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Southern Meguma

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SOUTHERN MEGUMA PROJECT

MOSER /SELOAM AKE

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MOOSELAND AREA

44 The Mooseland Area Project consist of 243 claims covering approximately 3,934 Ha MegumaGold claims are located along strike and adjacent to NS Gold Corporation’s property Discovered in 1858, production in the area totalled approximately 3,865 ounces of gold mined from 9,058 tons of ore between 1863 and 1934 Historically mined from stratabound, quartz vein- hosted gold mineralization Between 1986 and 2011, 3 companies completed 183 diamond drill holes totalling 44,385 metres in the area An adjacent property hosts an Inferred Resource of 2,520,000 tonnes @ 5.6 g/t gold for 454,000 contained ounces (NI 43-101 Resource Estimate, July 2012 – NSGold Corporation)

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KILLAG

A B C

Killag Au District

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Keefe Lake

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Iron Bridge Pond

A B C

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Grant River

Lewiston Lake

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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DUFFERIN GOLD DISTRICT

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The Dufferin Gold Project consist of 218 claims covering approximately 3,529 Ha MegumaGold claims are located along strike and adjacent to Resource Capital Gold Corp’s property. Discovered in 1868, production on the adjacent property totalled approximately 35,300 ounces of gold mined from 110,566 tons of ore between 1883 and 1925 from 18 vein systems over a strike length of 1.5 km East Dufferin was discovered in the early 1980’s, production in 2001 of 55,000 tonnes averaging a recovered grade of 13.4 g/t Au. A total of 35 quartz saddle reef zones have now be discovered over 3 km of strike length Adjacent property hosts an Indicated Resource of 115,500 tonnes @ 11.9 g/t gold for 58,000 contained ounces and an Inferred Resource of 703,900 tonnes @ 6.6 g/t gold for 150,000 contained ounces (NI 43-101 Resource Estimate - Resource Capital Gold Corp - April 2017) Recent PEA completed on adjacent property indicates 216,050 gold ounces could be recovered over a 10 year mine-life with a post-tax $89.2M NPV(5%) and 121% IRR (NI 43-101 PEA - Resource Capital Gold Corp - Apr 2017)

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DUFFERIN EAST

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Eastern Meguma

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EASTERN MEGUMA PROJECT

MOSER /SELOAM AKE

Dufferin Project
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COCHRANE HILL REGIONAL

53 The Greater Goldenville Area Project consist of 233 claims covering approximately 3,772 Ha MegumaGold claims are located along strike and adjacent to Osprey Gold’s property Approximately 212,300 ounces of gold mined in the area from 551,797 tonnes of ore between 1862 and 1942 Historically mined from stratabound, quartz vein- hosted gold mineralization 150 drill holes totalling 30,159 metres have been completed in the area since 1985 The adjacent Osprey Gold property hosts an Inferred Resource of 2,800,000 tonnes @ 3.20 g/t gold for 288,000 contained ounces – combined open-pit and underground scenario (NI 43-101 Resource Estimate Osprey Gold–Mar 2017)

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54

Cochrane Hill

Cochrane Hill Au District Cochrane Hill Deposit 4.5 km

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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McMullin Lake

A B C

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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56

Debert Lake

Cochrane Hill Deposit 3.2 km

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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ARCHIBALD LAKE

A B C

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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GREATER GOLDENVILLE AREA

58 The Greater Goldenville Area Project consist of 233 claims covering approximately 3,772 Ha MegumaGold claims are located along strike and adjacent to Osprey Gold’s property Approximately 212,300 ounces of gold mined in the area from 551,797 tons of ore between 1862 and 1942 Historically mined from stratabound, quartz vein- hosted gold mineralization 150 drill holes totalling 30,159 metres have been completed in the area since 1985 The adjacent Osprey Gold property hosts an Inferred Resource of 2,800,000 tonnes @ 3.20 g/t gold for 288,000 contained ounces – combined open-pit and underground scenario (NI 43-101 Resource Estimate Osprey Gold–Mar 2017)

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BLACK BROOK/YANKEE LAKE

A B

Black Brook Au Occurrence Yankee Lake

C

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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DAN LAKE

Dan Lake Mitchell Lake Deposit 1.9 km

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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DEVILS LAKE

Goldenville Au District Northwest Arm

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Little River Falls

Mitchell Lake Deposit 4.6 km

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Wine Harbour

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The Wine Harbour Project consist of 146 claims covering approximately 2362 Ha Approximately 40,700 ounces of gold mined in the area from 76,500 tons of ore between 1887 and 1907 Historically mined from stratabound, quartz vein- hosted gold mineralization

  • Approx. 40 drill holes on the property since 1965

included intercepts of up to 14.9g/t/0.3m The area was previously explored by DDV Gold where RC drilling was use to assess the property

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Wine Harbour

Wine Harbour Au District

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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GOLDBORO & ISAACS HARBOUR

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The Goldboro & Isaacs Harbour claim blocks consist of 174 claims covering approximately 2,815 Ha and located along strike and adjacent to Anaconda Mining Inc.’s property Mining in the Goldboro area between 1893 and 1912 produced approx. 55,000 ounces of gold mined from

  • approx. 415,000 tons of ore at an average grade of 6.7 g/t

Goldboro is a vein-hosted gold deposit with gold occurring in saddle reefs at the apex of the anticline as well as within veins on the limbs of the anticline. A total of 65,968 metres of surface and underground diamond drilling was completed between 1984 and 2011

  • n the adjacent property

Adjacent Goldboro property hosts a Measured & Indicated Resource of 3,645,000 tonnes @ 4.48 g/t gold for 525,400 contained ounces and Inferred Resource of 2,542,000 tonnes @ 4.25 g/t gold for 347,300 contained ounces - combined open-pit & underground mining scenario (NI 43- 101 PEA - Anaconda Mining Inc. - Mar 2018) Recent PEA completed on adjacent Goldboro property indicates 375,900 gold ounces could be recovered over an 8.8 year mine-life with a post-tax $61M NPV(7%) and 26% IRR (NI 43-101 PEA - Anaconda Mining Inc. - Mar 2018)

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Isaac’s Harbour

A B B C

Isaac’s Harbour Au District

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Fowlers Lake

Jessies Lake

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Upper Seal Harbour

Frasers Lake Upper Seal Harbour Au Mine 1660 ppb Au 13 ppb Au Goldboro Deposit 4 km

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Loon Lake

Lawlor Lake

Gold Bearing Anticline Structure Touqouy Style Alteration in Outcrop North West Trending Faults High Amplitude Magnetic Response Proximity to Historical Deposits

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Properties contain large number of gold showings and exploration targets identified by historical work Disseminated gold model and extensive anticlines on- strike have not been fully assessed with advanced exploration MegumaGold portfolio provides an opportunity for immediate discovery by modern low-cost gold exploration methods MegumaGold holds a premier land position for testing disseminated gold deposits - adjacent to Atlantic Gold’s operations Company is well-funded to support advanced exploration and major drilling campaign Company will be completing one of the largest drilling programs in the history of the Meguma gold district

MEGUMA GOLD – HIGHLIGHTS

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For More Information Regan Isenor – CEO info@megumagold.com