American Exploration & Mining Association Meeting Reno December - PowerPoint PPT Presentation

American Exploration & Mining Association Meeting Reno – December 5 th , 2019 Presented by Kai Hoffmann, CEO

We track on over 1,400 Logged +32 500 deals In-house data analyst ▪ ▪ ▪ companies on the TSX, since 2011 Consulting on capital raises ▪ TSX-V, and the CSE Data-driven approach to and ancillary aspects ▪ Provide sector and broker examining financings ▪ reports 2

J U N I O R M I N I N G M A R K E T CAD market cap CAD financing 3

Weighted Index Factors: 1. Total $s of financings opened 2. Percentage of broker participation 3. Total # of deals opened 4

2.000,0 1.000,0 1.400,0 1.200,0 1.600,0 1.800,0 400,0 200,0 600,0 800,0 0,0 13-Jan-11 Source: World Gold Council, Oreninc Gold in USD, Oreninc Index 5-week moving average 3-Mar-11 21-Apr-11 9-Jun-11 28-Jul-11 15-Sep-11 3-Nov-11 22-Dec-11 9-Feb-12 29-Mar-12 17-May-12 5-Jul-12 23-Aug-12 11-Oct-12 29-Nov-12 17-Jan-13 7-Mar-13 25-Apr-13 13-Jun-13 1-Aug-13 19-Sep-13 7-Nov-13 26-Dec-13 13-Feb-14 3-Apr-14 22-May-14 10-Jul-14 28-Aug-14 16-Oct-14 4-Dec-14 22-Jan-15 12-Mar-15 30-Apr-15 18-Jun-15 6-Aug-15 24-Sep-15 12-Nov-15 31-Dec-15 18-Feb-16 7-Apr-16 26-May-16 14-Jul-16 1-Sep-16 20-Oct-16 8-Dec-16 26-Jan-17 16-Mar-17 4-May-17 22-Jun-17 10-Aug-17 28-Sep-17 16-Nov-17 4-Jan-18 22-Feb-18 12-Apr-18 31-May-18 19-Jul-18 6-Sep-18 25-Oct-18 13-Dec-18 31-Jan-19 21-Mar-19 9-May-19 27-Jun-19 15-Aug-19 3-Oct-19 21-Nov-19 0,00 20,00 40,00 60,00 80,00 100,00 120,00 140,00 160,00 5

2016 2019 1.400,0 100,00 1.600,0 80,00 1.550,0 70,00 1.350,0 90,00 1.500,0 60,00 1.300,0 80,00 1.450,0 50,00 1.250,0 70,00 1.400,0 40,00 1.200,0 60,00 1.350,0 30,00 1.150,0 50,00 1.300,0 20,00 1.100,0 40,00 1.250,0 10,00 1.050,0 30,00 1.200,0 0,00 1.000,0 20,00 2-May-19 9-May-19 16-May-19 23-May-19 30-May-19 6-Jun-19 13-Jun-19 20-Jun-19 27-Jun-19 4-Jul-19 11-Jul-19 18-Jul-19 25-Jul-19 1-Aug-19 8-Aug-19 15-Aug-19 22-Aug-19 29-Aug-19 5-Sep-19 12-Sep-19 19-Sep-19 26-Sep-19 3-Oct-19 10-Oct-19 17-Oct-19 24-Oct-19 31-Oct-19 7-Nov-19 14-Nov-19 21-Nov-19 28-Nov-19 Gold in USD Index 5 wk moving avg Gold in USD Index 5-wk Moving Average 6

2.000,0 1.000,0 1.400,0 1.600,0 1.800,0 1.200,0 400,0 600,0 800,0 200,0 0,0 Source: World Gold Council, Oreninc Gold in USD, Total size opened in CAD 13-Jan-11 3-Mar-11 21-Apr-11 9-Jun-11 28-Jul-11 15-Sep-11 3-Nov-11 22-Dec-11 9-Feb-12 29-Mar-12 17-May-12 5-Jul-12 23-Aug-12 11-Oct-12 29-Nov-12 17-Jan-13 7-Mar-13 25-Apr-13 13-Jun-13 1-Aug-13 19-Sep-13 7-Nov-13 26-Dec-13 13-Feb-14 3-Apr-14 22-May-14 10-Jul-14 28-Aug-14 16-Oct-14 4-Dec-14 22-Jan-15 12-Mar-15 30-Apr-15 18-Jun-15 6-Aug-15 24-Sep-15 12-Nov-15 31-Dec-15 18-Feb-16 7-Apr-16 26-May-16 14-Jul-16 1-Sep-16 20-Oct-16 8-Dec-16 26-Jan-17 16-Mar-17 4-May-17 22-Jun-17 10-Aug-17 28-Sep-17 16-Nov-17 4-Jan-18 22-Feb-18 12-Apr-18 31-May-18 19-Jul-18 6-Sep-18 25-Oct-18 13-Dec-18 31-Jan-19 21-Mar-19 9-May-19 27-Jun-19 15-Aug-19 3-Oct-19 21-Nov-19 $- $100.000.000 $200.000.000 $300.000.000 $400.000.000 $500.000.000 $600.000.000 $700.000.000 7

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Still owns 13mn shares in Kirkland Lake Gold ~700mn CAD Since September 15 invested another 58mn CAD 45 Total investment of $234.694.697,62 companies 11% of overall market 10

300 240 250 216 Since May: 200 56 & 49 150 100 98 100 84 77 64 47 50 0 2016 2017 2018 2019 # of Brokered Deals # of Bought Deals Source: Oreninc; as of November 28, 2019 11

Total $s raised 2011 - 2019 9.000.000.000 8.030.202.457 8.000.000.000 7.000.000.000 6.000.000.000 4.818.973.410 4.599.672.255 4.608.771.065 5.000.000.000 -40% 4.000.000.000 3.241.719.020 2.757.666.240 3.000.000.000 2.406.223.411 2.289.669.877 2.133.494.910 2.000.000.000 1.000.000.000 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: Oreninc; as of November 28, 2019 *includes Common & Flow-Through, ex Oil & Gas & Frack Sand 12

Total # of Deals 2011 - 2019 Jan to Apr: 301 May to today: 567 1600 1485 1485 1440 1397 1400 1205 1181 1200 1008 1005 1000 868 800 600 400 200 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: Oreninc; as of October 17, 2019 *includes Common & Flow-Through, ex Oil & Gas & Frack Sand 13

Average Deal Size 2011 - today $6.000.000,00 $5.576.529,48 $5.000.000,00 $4.000.000,00 $3.245.099,94 $3.292.535,62 $3.103.549,54 $2.743.946,51 $3.000.000,00 $2.690.223,25 $2.632.849,96 $2.387.126,40 $2.194.071,86 $1.938.755,19 20% $2.000.000,00 $1.000.000,00 $- 2011 2012 2013 2014 2015 2016 2017 2018 2019 pt 1 2019 pt 2 Source: Oreninc; as of November 28, 2019 *includes Common & Flow-Through, ex Oil & Gas & Frack Sand 14

Chart Title $5,00 20,0% 18,7% Billions $4,50 18,0% 15,5% 16,1% $4,00 16,0% $3,50 14,0% 10,0% 11,1% FT $3,00 12,0% $418mn $2,50 10,0% $2,00 8,0% $1,50 6,0% $1,00 4,0% $0,50 2,0% $- 0,0% 2015 2016 2017 2018 2019 Common Flow-Through FT in % of total Source: Oreninc; as of November 28, 2019 15

CANADIAN EX EXPLORATION FIN FINANCINGS YT YTD 20 2019 19 FT; $368.434.314,98 ; 42% Common; $504.963.715,94 ; 58% TOP 10 for a total of $128.94mn FT Common 16

Application of various federal, provincial and mineral exploration tax credits Share price premiums over 40% Source: https://www.pdac.ca/priorities/access-to-capital/flow-through-shares 17

FLOW THROUGH PLUS PHILANTHROPY Share price premiums up to 70% Donor donates shares Investor often gets Donor buys FT shares Charity immediately discount to market immediately to his from Company sells to pre-determined favorite charity on the investor at a pre- day of issuance determined price No costs to investor or company 18

US by S by States tates Alaska $ 34.659.470,80 Arizona $ 19.588.090,48 Arkansas $ 11.816.500,00 California $ 7.097.907,16 Colorado $ 13.761.640,75 Idaho $ 23.874.031,80 Maine $ 2.500.000,00 Minnesota $ 11.575.000,00 Montana $ 8.668.799,60 Nevada Nev $ $ 138. 8.623.916,54 4 New Mexico $ 4.367.381,00 New York $ 6.300.000,00 Oregon $ 725.000,00 South Carolina $ 643.800,00 South Dakota $ 5.423.521,20 Texas $ 199.999,80 Utah $ 275.000,00 Washington $ 200.000,00 Top 10 in Nevada combined for C$99.4mn 19

GRASS SS ROOTS EX EXPL PLORER ACC CCESS TO FINANCIN INGS FLO LOW – THROUGH Financing still not available to Few remaining institutional Financing form will remain most junior companies investors will have easy access to extremely important moving deal flow, retail less so. forward – International investors Emergence of deal clubs. can participate via Charity FT

Kai Hoffmann CEO, Oreninc E: hoffmann@oreninc.com @oreninc @oreninc C: +1 604 687 3520 ext. 227 Youtube.com/ @oreninc oreninc Visit our website at: oreninc.com Subscribe to our newsletter at: oreninc.com/subscribe 21

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