Advancing the High-Grade Bonaparte Gold Project, Kamloops, British Columbia Technical information in this presentation has been reviewed by R. Kemp, P. Geo., a qualified person as that term has been defined in NI 43-101. July 2020
Forward Looking Statements Certain statements contained in this presentation constitute forward-looking statements. Forward-looking statements are frequently, but not always identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential” , “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. The forward-looking statements may include statements regarding exploration results and budgets, mineral resource estimates, work programs, capital expenditures, timelines, strategic plans, market price of commodities or other statements that are not statement of fact. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company may differ materially from those reflected in forward-looking statements due to a variety of risks, uncertainties and other factors. The Company’s forward -looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward- looking statements if circumstances or management’s beliefs, expectations or opinions should change except as required by law. For the reasons set forth above, investors should not place undue reliance on forward- looking statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties involved in disputes and litigation, fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty in meeting anticipated program milestones; uncertainty as to timely availability of permits and other government approvals and other risks and uncertainties disclosed in other information released by the Company from time to time and filed with the appropriate regulatory agencies. 2
Bonaparte Gold Project - Overview Largely unexplored ground covers 2,461 hectares (6,081 acres) near Kamloops, BC Owned 100% by WestKam Gold High-grade drill intersections for gold High-grade gold results in historic bulk sampling 3
OUR VISION is to explore and develop Bonaparte to the point where we can vend it to, or partner with, a major mining company or put it into production ourselves . 4
Nearby Infrastructure and Easy Access 5
Bonaparte Property – The History 1990s – 3,425-ton bulk sample from one of over 13 identified vein systems averaged 25.4g Au/ton (0.74 oz/ton) 2010 – Small bulk sample collected from underground workings on Crow vein. Ore shipped to Kinross Mill in Republic, Washington. Recovered gold sold for $145,783 (364.61 tons @ 0.475 oz/ton, 93% recovery). 2010 – “#20” Vein plus three new veins encountered in decline; WKG exercises option to earn 75% 2013 – BCGS report on porphyry potential, successful IP geophysics 2013 – WKG acquires additional 17% , brings Bonaparte ownership to 92% 2014 – Exploration advances 2013 discoveries; WKG purchases 100% 2015 – Fall diamond drilling follows up on 2014 results. New vein discovered, opening up large target area called “Cooler Creek Zone.” 2016 – Underground access to sample extension to Discovery Zone 2018 – Drilling reinforces extensions to Discovery Zone, supports 2019 program 6
Historic Diamond Drill Intersections Include: Additional information Grade Grade Intercept (g Au/ton) (oz Au/ton)* (metres) from drilling indicates a 113.70 3.32 0.87 minimum 200 meter extension in width to the 84.21 2.46 1.44 regional structure. 142.97 4.17 1.20 321.22 9.37 0.56 More veins expected to 115.51 3.37 1.07 lie within the extension. 43.50 1.27 1.02 69.20 2.09 1.26 * Calculated as: 1 gram/tonne = 34.28 troy ounces/short ton 7
Key Veins Discovered to Date 8
Bonaparte Exploration Highlights 3D IP survey identified a possible extension of the Discovery Gold Zone Located a large intrusive structure and related anomalies Reinforced the concept that the Discovery Zone extends to the south 9
Bonaparte 2018 Drilling Tested target intended for 2017 bulk sample Eight holes drilled into the Discovery Zone Positive results reinforce potential of Discovery Zone Support property-wide exploration planned for 2019 10
New Technical Report and Proposed 2019 Program 2018 drill results will inform a 2019 field program Will include an updated NI 43-101 report on Bonaparte 2019 program will also reference historical results including ground mag and IP survey interpretations 11
IP Survey Results Summary Diagram
Cooler Creek Canyon Area of resistivity and chargeability anomalies Also contains part of the 2km long Cu-Au-Mo geochemical trend Tested further in 2014 & 2015 to locate extensions of 2013 discoveries New vein discovered during 2015 program
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2014 Exploration Volterra 3D IP and ground magnetic surveys substantially extended the strike length of the high-grade Discovery gold zone trend – now extends 1.2 km 17
2015 Exploration – New Vein Discovery Fall drill campaign discovered new vein in DDH-15-05, located 450 metres east of Discovery Zone. Assayed 7.88 g/t Gold, (0.253 oz/t Gold), 38.4 g/t Silver, 0.33% Copper and 28.6 g/t Tellurium over 1.0 meters. Within an anomalous IP resistivity, chargeability and Au/Cu geochemical trend which extends 1.2 kms to the south-southeast- open both northward and southward. First known drilling conducted outside of the Discovery Zone. 18
Key Management & Directors Matt Wayrynen, President & CEO, Director Mr. Wayrynen provides experience in resource company management, venture capital, start-up financing, and mergers and acquisitions. He is an original co-founder and former President and CEO of TrichoScience Innovations Inc., which became Replicel Life Sciences Inc. As a director of Quinto Mining, he helped raise millions of dollars and advanced a Quebec iron ore property to a viable project. Quinto sold to Consolidated Thompson Iron Mines in June 2008 for a share value equal to $175 million. (Consolidated Thompson was eventually sold to Cliffs Resources for $4.9 billion). Mr. Wayrynen has also been involved in the evaluation of investment opportunities in solar projects in Italy. He was formerly active in the real estate industry as a licensed salesman and licensed agent nominee in charge of real estate for multiple retail projects throughout the greater Vancouver area. In addition, he was a licensed securities professional for over 10 years. Currently, he is also a director of several publicly-listed resource companies. Pam Saulnier, CFO Ms. Saulnier is a Certified Management Accountant and a member of Chartered Secretaries Canada, a Canadian Division of The Institute of Chartered Secretaries and Administrators (“ICSA”). She has more than 12 years experience in the mining and resource and oil and gas sectors. Ms. Saulnier has served with public companies in financial reporting, regulatory compliance, governance and administration of corporate affairs. 19
Share Structure* Symbol TSX.V - WKG Shares Outstanding 7,401,216 Warrants Outstanding 4,223,711 Options Outstanding Nil Fully Diluted 11,624,927 Recent Price $0.11 52-Week Range $0.075 - $0.35 * As of March 31, 2020 20
To Summarize Vancouver-based junior focused on exploring and developing the Bonaparte Gold Project Bonaparte hosts a high-grade gold vein system Easy access near Kamloops, BC with outstanding infrastructure The property has produced high-grade results and excellent recoveries in historic bulk test mining phases Work in 2013/14 advanced the property’s potential 2015 program tested both targets; large new zone identified 2018: positive drill results will inform new NI 43-101 Technical Report and 2019 field program 21
Contact Corporate Communications: info@westkamgold.com Head Office: Suite 900, 570 Granville Street Vancouver, BC V6C 3P1 604.682.3701 info@westkamgold.com
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