NeXGold Mining (NEXG) Corporate presentation summary

Strategic growth platform

• Near-term production targeted at the Goliath Gold Complex, an advanced project in Ontario with a pre-feasibility NPV5% of $652M and 41.1% IRR at $2,150/oz Au; feasibility study and final permits underway.

• Consolidation strategy supported by cornerstone investor Frank Giustra, with active evaluation of acquisition opportunities to achieve mid-tier producer status.

• Renewed exploration focus across a 65km strike at Goliath, leveraging an experienced team for both development and discovery.

• Strong balance sheet with $14M in cash to fund accelerated development and exploration.

Asset portfolio and resources

• Goliath Gold Complex holds 1.3Moz 2P reserves, 2.1Moz M&I resources, and 0.8Moz inferred resources as of 2023 PFS.

• Niblack project in BC/Alaska region contains 6Mt VMS resource with 840K AuEq ounces and significant expansion potential.

• Goliath Gold Complex comprises three deposits: Goliath, Goldlund, and Miller, with a combined 2.1Moz M&I and 0.8Moz inferred resources.

• Resource estimates are NI 43-101 compliant and have been reviewed by qualified persons.

Project economics and production profile

• Goliath Gold Complex PFS projects 1.2Moz total recovered gold over a 13-year mine life, averaging 109K oz/year for the first 9 years.

• Cash cost projected at $892/oz and AISC at $1,037/oz for the first 9 years.

• NPV5% ranges from $336M at $1,750/oz Au to $652M at $2,150/oz Au, with IRR rising from 25.4% to 41.4%.

• Initial capex estimated at $335M, with a payback period of 1.92 years at $2,150/oz Au.

• At spot prices ($2,300/oz Au), post-tax NPV5% is $808M and IRR is 48.3%.