NeXGold Mining (NEXG) Corporate presentation summary

Company overview and strategic benefits

• Formed from the merger of NexGold Mining Corp. and Signal Gold Inc., consolidating over 60,000 hectares of mineral lands in Canada.

• Flagship assets include the Goliath Gold Complex in Ontario and the Goldboro Project in Nova Scotia.

• Enhanced asset diversification, operational synergies, and a strengthened balance sheet post-merger.

• Improved capital market position and trading liquidity, with a market capitalization of $100.5M and a cash position of ~$25M.

• Leadership team with over 200 years of combined experience and a board comprising members from both legacy companies.

Project portfolio and operational highlights

• Combined mineral reserves of approximately 2.4 million gold equivalent ounces.

• Goliath Gold Complex: 13+ year mine life, post-tax NPV5% of C$336M, IRR of 25.4%, and average annual production of 91koz AuEq.

• Goldboro Project: 11-year mine life, post-tax NPV5% of C$328M, IRR of 25.5%, and average annual production of 100koz Au.

• Both projects have received key environmental approvals, de-risking development and permitting.

• Ongoing exploration programs at both sites targeting resource expansion and further upside.

Goliath Gold Complex details

• 100% owned, comprising Goliath, Goldlund, and Miller deposits with 65km of prospective strike length.

• Federal Environmental Assessment approval received in 2019; robust infrastructure access.

• March 2023 PFS highlights: C$336M post-tax NPV5%, 25.4% IRR at US$1,750/oz gold, 13-year mine life, and 92.8% gold recovery.

• Initial capital of C$335M, payback period of 2.8 years, and LOM AISC of US$1,072/oz.

• Updated mineral resource: 2.1Moz M&I and 0.8Moz Inferred; significant exploration potential remains.