1911 Gold Corporation (AUMB) Investor presentation summary

Project overview and location

• True North Gold Project is located in Manitoba, Canada, within a mining-friendly, tier 1 jurisdiction with strong provincial support and infrastructure, including renewable hydroelectric power and skilled local workforce.

• The project benefits from existing, fully permitted infrastructure, including a 1,300 tpd mill, camp, processing facility, and tailings management area, reducing the timeline to production.

• The land package covers approximately 62,000 hectares, consolidating the Rice Lake Greenstone Belt and providing access to multiple regional targets.

Mineral resources and exploration

• The 2024 Mineral Resource Estimate reports 499,000 oz indicated (3.5 Mt @ 4.41 g/t Au) and 644,000 oz inferred (5.5 Mt @ 3.65 g/t Au) resources, with 66 veins modeled.

• Exploration targets include SAM West, SAM Southeast, Shore, and regional prospects like Ogama-Rockland, with ongoing drilling to expand resources.

• New discoveries and extensions at depth have been identified, with significant high-grade intercepts reported in recent drilling.

Economic highlights and project returns

• The PEA base case (US$3,000/oz gold) shows an after-tax NPV5% of $391M, IRR of 105%, payback in 2.2 years, and total LOM free cash flow of $546M.

• Project is highly leveraged to gold price, with after-tax NPV5% rising to $998M at US$4,800/oz and $1.24B at US$5,500/oz.

• Initial capex is $59M, with total site operating costs of $250/t milled, cash costs of US$1,390/oz, and AISC of US$1,897/oz.