April 2020 Disclaimer The value of the investment may fluctuate. - PowerPoint PPT Presentation

April 2020

Disclaimer The value of the investment may fluctuate. Past performance is no guarantee of future results. Investors may not get back the amount they have invested in the fund. ATTENTION! THIS INVESTMENT FALLS OUTSIDE AFM SUPERVISION. NO LICENSE AND NO PROSPECTUS REQUIRED FOR THIS ACTIVITY. 2

Te a m P l e t h o r a P r i v a t e E q u i t y Douwe van Hees Peter Vermeulen Thomas Kwant Advisor Fund Manager Corporate Secretary • 2008-2013: Private investor in junior • 2007: Master of Economics – Finance • 2012-2013: Consultant KP&T exploration companies & Investments (University of • 2013-2014: Consultant A&P Support Groningen, The Netherlands) • 2010: Working for a junior exploration • 2014-2017: Accountmanager MVGM company in Canada • 2012-2014: Founder & manager PPM Fund • 2018-now: Corporate Secretary PPE • 2013-2014: Advisor PPM Fund Investments • 2014-now: Advisor PPM Fund • 2014-now: Manager PPM Fund • 2018-now: Advisor PPE Fund • 2018-now: Manager PPE Fund 3

P l e t h o r a P r i v a t e E q u i t y Launched in January 2018 with C$ 1.7M of capital by the founders Building on the success of Plethora Precious Metals Fund (CAGR: +14.0% vs. -8.2% for the GDXJ*) Focus on early stage mineral exploration Return since launch: +34.0% as of end of 2019 Current assets under management: C$ 12.5M Return of capital to investors: 50% of net realized profits 4 * GDXJ – Junior Gold Miners ETF. CAGR = Compound Annualized Growth Rate. Figures as of April 10, 2020

F o c u s o n e a r l y s t a g e m i n e r a l e x p l o r a t i o n 5

W h y m i n e r a l e x p l o r a t i o n ? Observations Lack of capital for grassroots mineral exploration - First mover advantage Lack of new discoveries and decreasing mine reserves - Perpetual demand for new discoveries by miners Vast majority of public exploration companies is highly inefficient with limited available capital - Decreasing odds of success Large revaluations with IPOs of prospective exploration projects - Liquidity and visibility premium Incorporate private exploration companies → monetize after Opportunity exploration success 6

L a c k o f c a p i t a l f o r m i n e r a l e x p l o r a t i o n 7

L a c k o f n e w d i s c o v e r i e s 8

D e c r e a s i n g m i n e r e s e r v e s E x a m p l e : g o l d 9

D e m a n d f o r n e w d i s c o v e r i e s ( b y m i n e r s ) E x a m p l e : n i c k e l Both nickel discoveries are comparable to a nickel discovery by Sirius Resources in 2012 Sirius Resources was acquired in 2015 by Independence Group for A$ 1.8 Bn 10

C o m p e t i t i v e e d g e P l e t h o r a P r i v a t e E q u i t y Average public listed PPE company (16% G&A) company (±50% G&A) Public listing costs C$ 0 C$ 20,000 Legal and accountancy C$ 20,000 C$ 12,000 Office C$ 0 C$ 20,000 Management C$ 50,000 C$ 300,000 C$ 0 C$ 100,000 Marketing 11

R e v a l u a t i o n o f p u b l i c c o m p a n i e s Dataset of 849 publicly traded junior exploration companies* Average market capitalization: C$ 18.9M Median valuation: C$ 5.6M Average book value PPE companies: C$ 1.2M 12 * Listed on the Toronto Venture Exchange or the Canadian Securities Exchange as of 10 th of April 2020

O u r p r o c e s s Choose strong and stable mining Conduct fieldwork as soon as jurisdictions possible, focus on collecting hard data Opportunistic: no specific focus on Risk management: kill projects as a single natural resource as we are soon as possible commodity price agnostic Incentivize the leading geologists Hire world renowned field specific (“Rock Stars”) with a significant experts whenever needed. Upfront share position costs outweigh possible future misallocation of capital 13

R i s k M a n a g e m e n t : P h a s e d I n v e s t m e n t A p p r o a c h Phase 1 : Concept generation – Estimated costs C$10,000 Phase 2 : Incorporation and field “fatal flaw” testing concept – Estimated costs C$50,000 Phase 3 : Systematic field work relying heavily on geochemistry – Estimated costs C$100,000 Phase 4 : Anomalies identified, follow-up fieldwork to zoom in on target – Estimated costs C$400,000 Phase 5 : Possible geophysics and further fieldwork to refine target – Estimated costs C$400,000 14

R o c k S t a r s Quinton Hennigh Daniel James David Clark Technical Advisor Chief Operating Officer Technical Advisor Exploration Geologist Exploration Geologist Exploration Geologist (Ph.D) • 2011-2018: President of Medgold • Currently president of Bonavista • Currently chairman of Novo Resources leading an exciting new Resources Resources: Instrumental in the gold-silver discovery in Serbia (May growth of the company to a market • 20 years of experience in mineral 2018) capitalization of >C$ 1 Billion exploration. He has explored for Ni- • 15+ years of experience in gold Cu-PGE magmatic sulphide, • 25 years of experience in worldwide exploration in Africa, Asia and intrusion-hosted PGE, and orogenic gold exploration for companies such Europe and epithermal precious metals on as; Homestake Mining, Newcrest projects in Canada, Mexico & Mining & Newmont Mining Central America, USA, and Europe. 15

G l o b a l E x p l o r a t i o n Ireland • Irish- and SedEx-type Pb-Zn • Two lead projects; Tallow & Castleblaney Nevada US (Ubica) • Drill-ready • Optioned Au-Ag project Newfoundland, Canada • Very high-grade mineralization • Epithermal Au in the Burin Peninsula • CSAMT survey pending • Au-Cu discovery at Hickey’s Pond Sweden • Attracted investment mid-tier mining • Magmatic Ni (Co-Cu) sulphides company Nevada, US (Da Venda) • Multiple occurrences staked and 3 • Epithermal Au-Ag projects optioned from third-parties • Large-scale target generation • SkyTEM survey identified > 25 possible with 2 lead projects emerging conductors • Two project drill ready Nova Scotia / New Brunswick, Arizona, US Canada • Epithermal Au-Ag Montenegro / Romania • Epithermal Au in the Avalon Belt • Multiple targets generated • Epithermal Au, porphyry Cu & Pb-Zn skarn • Project killed after phased • On-going early-stage fieldwork • Early-stage targets generated exploration in 2019 • Prime polymetallic exploration target • New project generation ongoing discovered after first pass exploration 16

I n s u m m a r y Generate concepts Return of capital to investors: 50% Monetize Incubate of net realized profits Currently raising up to € 1M Write Explore Closing date: May 1 st , 2020 off Subscription Price: -5/+5% vs. Year End 2019 17

F u n d S t r u c t u r e Custodian Stichting Legal Owner Plethora Private Equity Minimum investment € 100,000 Initial lock-up 2 years Redemption notice 1 year Distribution policy 50% of net realized profits* Management fee 1% annually Performance fee 20% of realized profits Entry fee 0% Exit fee 0% * After deduction of performance fees. 18 Please refer to the Information Memorandum for further information.

Douwe van Hees Fund Manager www.plethora-pe.com vanhees@plethora-pe.com +31 (30) 20 777 20 +31 (6) 14 514 692