Positioned for Discovery DGO: TSX-V 86A1: Frankfurt ATOXF: - - PowerPoint PPT Presentation

DGO: TSX-V 8GA1: Frankfurt AROXF: OTCQB www.durangoresourcesinc.com 1

Positioned for Discovery

DGO: TSX-V 86A1: Frankfurt ATOXF: OTCQB www.durangoresourcesinc.com

DGO: TSX-V 86A1: Frankfurt ATOXF: OTCQB www.durangoresourcesinc.com

Positioned for Success

Durango is a mineral exploration company focused on the acquisition, exploration and development of precious metal resource properties in Canada

WINDFALL LAKE, QUÉBEC

Durango is positioned for discovery holding a 100% interest in the Trove and East Barry claim packages within the Windfall Lake gold district, which is currently the most active gold exploration camp in Canada

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Forward-Looking Statement

The information contained in this presentation maybe subject to amendment, revision and updating in any way without notice or liability to any party. This presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws (“forward-looking statements”), concerning the business, operations and financial performance and condition of the Durango Resources Inc. (the "Company"). Forward-looking statements include, but are not limited to, statements with respect to the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount

• f estimated future production; costs of production; metal prices and demand for materials; capital expenditures; success of exploration and development activities;

permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; market conditions and title disputes or claims. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” “believes,” “projects” or variations of such words and phrases or state that certain actions, events or results “may,” “could,” “would,” “might” or “will be taken,” “occur” or “be achieved.” 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, including, but not limited to, unexpected events during operations; variations in ore grade; risks inherent in the mining industry; delay or failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international

• perations; actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and

fluctuating metal prices and currency exchange rates. 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, 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. The Company cautions readers not to place undue reliance on forward-looking statements, as forward-looking statements involve significant risks and uncertainties. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. For further details on the forward-looking statements included in this presentation, see “Cautionary Note Regarding Forward Looking Information” in the preliminary prospectus.

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WINDFALL EMERGING GOLD CAMP

Durango owns gold projects in Windfall Lake, QC which is currently the most active Exploration Mining camp in Canada

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Windfall District and Durango Property Locations

5 TROVE PROPERTY

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Windfall Area Gold deposits and styles of Mineralization

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Property Company Category Tonnes Grade (g/t) Gold (Oz)

MINERAL RESOURCES Windfall Lake Osisko Mining Indicated 4,127,000 9.10 1,206,000 Windfall Lake Osisko Mining Inferred 14,532,000 8.40 3,938,000 Barry Pit Bonterra Indicated 7,701,000 1.29 309,500 Barry Pit Bonterra Inferred 10,411,000 1.65 471,950 Gladiator Bonterra Indicated 743,000 8.5 202,000 Gladiator Bonterra Inferred 3,065,000 9.1 897,000 Lac Rouleau Osisko Mining Historical 544,000 7.20 125,925

Name Company Type Comments

Windfall Osisko Mining

Atypical Intrusion-related Associated with alteration at the lithological boundary of volcanics and porphyry dykes

Barry Bonterra Resources

Structurally controlled in typical orogenic gold veins Alteration extends 20m from dykes. Hosted in a shear zone in mafic volcanics with abundant mafic dykes and quartz and feldspar porphyry masses. Gold in quartz-carbonate-albite-pyrite veins associated with sheared zones

Gladiator/ Arena/Spartacus Bonterra Resources

Atypical Intrusion-related Hosted in a highly silicified and altered sheared mafic volcanic, locally exhibiting intrusions of syenite and quartz porphyry. Smoky quartz vein hosted with tourmaline and chlorite occupying fractures. Veins mostly occurring at interface of units of differing hardness

Lac Rouleau (Zone 18) Osisko Mining

Au-rich shear zones - Structurally controlled in typical orogenic gold veins Silicified breccia zone in felsic volcanic rocks. Locally rich ankerite and disseminated sulfides with quartz- albite-carbonates-tourmaline-fuchsite and mafic to intermediate dykes

Nubar-Souart Osisko Mining

Structurally controlled in typical orogenic gold veins Felsic to mafic volcanic and volcano sedimentary lithological rock units with local younger felsic to mafic

• intrusives. A major structure hosts mineralization characterized by strong brecciation and intense

tourmaline alteration, this structure hosts numerous subvertical auriferous quartz-carbonate-tourmaline veins and mineralization.

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Windfall Exploration Drill Targets and Property Highlights

• Trove Property in Windfall Lake surrounded by Osisko Mining

(TSX-OSK)

• Intersection of two gold bearing faults: the Rouleau and the Barry
• Gold and other Geochemical anomalies found in humus and tills
• Coincident Geophysical anomalies in both Airborne Mag and IP

NEXT STEPS

• Trenching and Drilling of 15 targets delineated within 4 high priority

zones

• Further review and definition of the East Barry drill targets and
• ther Durango properties in Windfall Camp

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Windfall Area Regional Geology

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Trove Gold and Silver in Tills

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Durango Planned Drill Holes

IP and Resistivity over MAG

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Trove Proposed Drilling

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Recommendation of Windfall Exploration Phase I Drilling

Next Steps

• Trenching and Drilling of the 15 priority drill targets
• Further review and definition of the East Barry drill targets
• Budget of $1M for Phase I drilling
• Finance by flow-through offering

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Corporate Snapshot

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Marcy Kiesman, CPA, CMA Director & CEO

15+ years public mining company management experience

Joanne Freeze, P. Geo. Independent Director

40 years exploration experience; current CEO of Candente Gold Corp. & Candente Copper Corp.

Melanie Mackay, P. Geo. Independent Director

15+ years geological mining experience

Twila Jensen Independent Director

20+ years public market advertising experience

Thea Koshman, LLB Independent Director

20+ years public mining company experience

Share Structure

Common Shares

(February 05, 2020)

42,228,000 Options 3,400,000 Warrants 8,488,044 Fully Diluted Shares 53,116,044

*Figures calculated on a partially diluted basis

Total Insider Holdings* 40%

Top Shareholders: Marcy Kiesman 15.9% Other Directors & Officers 2.2% Friends & Family 24.1%

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Osisko’s Drilling around Trove Property

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Trove Detailed Geology

Amphibolites Mafic Volcanics Granodiorite Hornblende paragneisse/

• rthogneisse

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Trove IP and Resistivity over Magnetics

IP and Resistivity over MAG

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Trove Chargeability Contours

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Trove Resistivity Contours

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Trove IP Detailed Results