Rediscovering Nova Scotia's Past Producing Gold Mines JANUARY 2017 - - PowerPoint PPT Presentation

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JANUARY 2017

TSX.V: GN

Rediscovering Nova Scotia's Past Producing Gold Mines

TSX.V: GN GN WWW.OSPREYGOLD.COM

Forward-Looking Statements

This presentation may include certain forward-looking information within the meaning of applicable Canadian securities laws concerning the future performance of our business, its operations and its Binancial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking information is frequently identiBied by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking information is based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, Bluctuating commodity prices, changes in exchange rates, competitive risks, changes in project parameters as plans continue to be reBined and the availability of Binancing, all as described in detail in any recent securities Bilings available at www.sedar.com. This presentation is based on publically disclosed information and does not form a part of any offer of securities, or constitute a solicitation of any offer to purchase or subscribe for securities. There can be no assurance that forward-looking information will prove to be accurate and actual events or results may differ materially from those projected in the forward-looking information and we caution against placing undue reliance thereon. Technical aspects of this presentation have been reviewed and approved by the QualiBied Person, Brandon Macdonald P.Geo., hereby designated as a QP under National Instrument 43-101. All resource estimates quoted herein are based on prior data and reports obtained and prepared by previous

• perators. The Company has not completed the work necessary to verify results. The Company is not treating

the historic mineral resource estimates as NI 43-101 deBined resources veriBied by a qualiBied person. The historical estimates should not be relied upon.

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• Goldenville is the largest historic gold

producer in Nova Scotia, with 212,300

• unces of gold production prior to 1942
• Historic NI 43-101 (2005) resource of

244,730 ounces inferred at 14.26 g/t Au, and 37,012 ounces indicated at 10.76 g/t Au (2 g/t cutoff)

• Structure remains open along strike and at

depth

• Under-explored target areas permissive for

expansion drilling

• Drilling to commence in summer 2017
• 3 other earlier stage projects in the region

with historic production

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Overview

NOVA A SCOTIA’ A’S MOST PROLIFIC GOLD CAM AMP

*March 1, 2005, Mercator Geological Services Limited , “Technical Report on Mineral Resource Estimate – Acadian Gold Corporation – Goldenville Property – Guysborough County, Nova Scotia, Canada”

Share Structure- TSX.V: GN Shares Issued & Outstanding 13,292,333

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Management & Advisors

Directors and Manageme ment Cooper Quinn, President & Director -

• Mr. Quinn has worked in mining and exploration since he graduated from Simon Fraser

University with a degree in Earth Science. He has worked for a variety of exploration and development companies with projects in North America, Greenland, Europe, and the South PaciVic Islands. Mr. Quinn was a Senior Geologist with Underworld Resources and most recently, Lion One Metals. His experience ranges from project management to acquisitions and DD for private equity. Jeffrey R. Wilson, CEO & Director -

• Mr. Wilson has 20 years of experience in the mineral exploration and mining investment
• industry. He has raised $50m through his wealth of contacts in the investment community including institutional investors,

retail brokers, investment bankers, mining analysts and private investors. During his career, Mr. Wilson has been involved with multiple junior resource companies that have seen pro_itable take overs by mid-tier mining companies. Mr. Wilson is currently President & CEO of Precipitate Gold Corp. Ad Adrian Flemi ming, Chairma man & Director -

• Mr. Fleming has over 35 years experience in the mining industry, most signiVicantly

President of Underworld Resources and their White Gold Project, which was acquired by Kinross Gold for $139M. He has been a part of numerous signiVicant discoveries, including Porgera and Hope Bay Greg Greg Be Beisch cher, , P.Geo P.Geo, Direct Director

• r - Mr. Beisher currently serves as President and CEO of Millrock Resources, a successful project

generator and has been involved in mining and exploration for 30 years. Ad Advisors Perry Perry MacK acKinnon, innon, P.Geo P.Geo, Ad Advisor -

• Mr. MacKinnon is an experienced geologist and prospector in Nova Scotia and New
• Brunswick. He has over 30 years’ experience in the mining industry, having worked continent wide on a variety of projects

and large number of mineralized environments. 4

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Why Nova Scotia?

• Extensive history of gold mining and production
• District-scale potential in an underexplored area
• Excellent access and infrastructure
• Supportive government and local community
• Very low geo-political risk, ranking 17th out of 109 Mining Jurisdictions

for Policy Perception (Fraser Institute Annual Survey, Mining Companies 2015)

5 Chart Source: Virtual Museum Gold Ounces Produced in Nova Scotia between 1862-2012 https:// www.fraserinstitute.org/ sites/default/Viles/survey-of- mining-companies-2015.pdf

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Project Map and District Gold Producers

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• Most advanced project in portfolio

– Gold Rush discovered in 1862 – Highest reported gold production of any NS camp – Recorded historic production of 212,300oz from 551,797 tonnes between 1862 and 1942 (11.97g/t Au)

• Explored intermittently from 1962 through 2014
• Same rock formation as Atlantic Gold’s MRC project

George Hirchfield Gold Mine, Stuart Hardman Property, Goldenville Gold District - 1897. Photograph by E. R. Faribault. Geological Survey of Canada Photo #5273. Ed Williams Lese (Lease), Goldenville Gold District ca. 1905. N.S. Archives and Records Management no. 3, NegaCve N-1708.

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Goldenville, Nova Scotia

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Goldenville Historic Resource Estimate (2005)

Currently updating resource to examine potential for

• pen pit, and to

guide 2017 exploration and drilling

Resource from March 2005, Technical Report on Mineral Resource EsCmate. Acadian Gold CorporaCon, Goldenville Property, Guysborough County, Nova ScoCa, Canada. NI 43-101 8

INDICATED MINERAL RESOURCES INFERRED MINERAL RESOURCES

Gold Grade Threshold (g/t) Tonnes Uncut Gold Grade Uncut (g/t) Gold Grade 50 g/t Cut (g/t) Total Ounces Uncut

3.5 384,596 18.78 12.38 232,242 2.0 533,739 14.26 9.64 244,730 1.0 855,025 9.43 6.54 259,257

Gold Grade Threshold (g/t) Tonnes Uncut Gold Grade Uncut (g/t) Gold Grade 50 g/t Cut (g/t) Total Ounces Uncut

3.5 62,554 16.62 14.72 33,429 2.0 106,976 10.76 9.65 37,012 1.0 181,047 6.96 6.31 40,517

ClassiMication Mt Diluted Grade (g/t Au) Mined Au

• z's (000)

Proven Reserves 6.65 1.45 310 Probable Reserves 9.8 1.43 450 Total Proven and Probable Reserves 16.45 1.44 760

ATLANTIC GOLD RESOURCE- Moose River Consolidated

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Goldenville Geology and Mineralization

• Structurally controlled slate belt

hosted gold

• Vein hosted mineralization

controlled by bedding, anticline plunge, and cross cutting structures

– Anticline trends roughly east-west, dips gently west – Up to 46 stacked vein packages identi_ied on both limbs of the anticline

• Disseminated mineralization within

host slates/argillite

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• Classic Meguma terrain-style deposit,

similar to the Bendigo camp in Australia

– Potential for veining to continue at depth, similar to Australian deposits

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Resource Strike Potential

Two 1997 drill holes 3km to west show gold mineralization in veins and slate host rocks including Mit-1 which returned: 1.33 g/t Au over 20.2m (from 54.2m to 74.4m)

Goldenville

Discovered 1861 Total produc;on 0.2Moz Produc;on to 300m 0.2Moz Known depth 325m Discovered 1851 Total produc;on 1.0Moz Produc;on to 300m 0.2Moz Known depth 1200m

1km Mitchell Lake

Source: Nova Scotia Department of Natural Resources

Goldenville

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Acquisition Terms

• Option to earn 100% interest in

four projects

– Total of 90 claims, or 1,813 hectares

• $1M over three years

– $150k upon signing de_initive agreement – $250k at year one and two – $350k at year three

• 2% GMR on Goldenville

– 1% buyback for $750k – Additional 0.5% buyback for $375k

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Next Steps, Contact Information

Cooper Quinn

President

E: cooper@ospreygold.com Of_ice: (236)521-0944

For More Information

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E: info@ospreygold.com

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Timeframe Objectives

Q1 – – 2017

Update Goldenville’s Historic resource using new block model and bulk/surface mining methods

Q1 – – 2017

Log, split, and assay core from 2014 drill program

Q1 – – 2017

Detailed evaluation, target generation, and ranking on Lower Seal Harbour, Miller Lake and Gold Lake

Summe mmer – – 2017

Osprey drill program at Goldenville

Q4 – – 2017

Update resource incorporating 2017 work