AWALE RESOURCES POISED FOR MUTIPLE GOLD DISTRICT SCALE DISCOVERIES - PowerPoint PPT Presentation

AWALE RESOURCES– POISED FOR MUTIPLE GOLD DISTRICT SCALE DISCOVERIES IN CÔTE D’IVOIRE TSXV-ARIC May 2020 AWALE RESOURCES– FIRST GOLD DISCOVERY at the ODIENNE –EMPIRE PROSPECT Chief Executive Officer - Glen Parsons Chief Operating Officer - Andrew Chubb Investor Relations - Karen Davies

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Investment Summary • Under explored Jurisdiction- 33% of West Africa’s Birimian Geology with less than 10 percent of resources • Large strategic gold anomalous land package with district scale over 3 projects areas covering 2,307 km 2 : o Bondoukou 100% (1,192 km 2 ), o Abengourou 100% (718 km 2 ). o Odienné 90% (397 km 2 ) • Maiden Drill program delivers first gold discovery at the Empire Prospect- Odienné • Rapid advancement of defined drill targets at Bondoukou with material advancement in geological and mineralisation understanding • Successful Board and Management Team, with proven record of value delivery for shareholders Bondoukou – Multiple high order Gold anomalies for drill Odienné –Gold discovery (drilling Late June) • Extension drilling and plunge test testing late Q3 • • Fako target- Awari Shear 3 new high order Auger geochemical targets • drill ready along 3km trend Samanda Prospect – 2 * 3km gold in soil Geochem targets • Kodio Trend – 17.5km continuous gold in auger anomalies 3

Capital Structure, Shareholding and Team Summary Board Shares in Issue 79,65M CEO - Glen Parsons ( Previous CEO Mariana Resources Limited) Director - Eric Roth ( Previous COO Mariana Resources Limited) Warrants in Issue (Per Insert) 5,847,222 Director - Ron Ho, Sandstorm Gold Limited Director - Derk Hartman Options- under plan per insert 2,330,000 Management Team Fully Diluted Shares in Issue 87.75M CEO - Glen Parsons Cash on Hand (March) C$0.9M COO - Andrew Chubb CFO - Sharon Cooper IR- Karen Davies Market Capitalisation (@ 10 c/share) C$8 million Country Manager Cote d’Ivoire - Karl Akueson Management and Directors 26% Operations Manager Cote d’Ivoire - Koffi Gbamele Exploration Manager Cote d’Ivoire – Andrew Smith Sandstorm Gold Limited 16% Capital DI Limited 12% Detail of Warrants Exercise Price Number of Warrants Expiry 0.25 200,000 December 29, 2020 0.32 5,647,222 December 31, 2021 Total 5,847,222 Detail of Options Exercise Price Number of Options Expiry 0.10 400,000 April 29, 2021 0.40 1,930,000 January 16, 2021 Total 2,330,000 4

Odienné Project – Empire Discovery Empire Discovery 5

Odienné Project– Empire Discovery 50 Metres HIGHLIGHTS • OEDD0001 - 18.15m at 4.9 g/t Au from 40 m downhole ,  including 10.4 m at 7.9 g/ t Au from 40m downhole • OEDD0002 - 27 m at 3.1 g/t Au from 43.2 m downhole  including 9 m at 5.3 g/t Au from 43.2 m downhole. • OEDD0009 - 2.65m at 15.4 g/t Au from 40m &, o 16.74m at 1.9 g/t Au from 74.26m downhole  including 9.28m at 2.7g/t Au from 80.7m &, o 16m at 1.8 g/t Au from 98m downhole,  including 3m at 7.6 g/t Au from 111m • OERC0021 - 32m at 0.9g/t Au from 32 m downhole,  including 2m at 4.8g/t Au from 53m o 34m at 1.9 g/t Au from 96m downhole,  including 18m at 3g/t Au from 97m and 2m at 15.5 g/t Au from 111m o 29m at 1.2g/t Au from 134m downhole ,  including 11m at 2.5g/t Au from 140m &  2m at 5.6g/t Au from 140m downhole 6

Odienné Project– Empire Discovery Cross Sections • High Grade mineralisation with visible gold - robust mineralisation and continuity over central drill zone • Open in all directions • Hosted in quartz extension veins within a brittle/ductile deformation zone of a diorite body that has intruded a pre-existing WNW trending mylonite bearing structure. • Empire is a ‘classic’ orogenic shear zone hosted gold target, which has potential to build to +1m Oz rapidly 7

Odienné Project– Empire Discovery Next Steps - Discovery drilling - extension and plunge testing - Exploration Upside 3 New Targets from Gold in Auger – Structure Remains Open East and West - Discovery drilling extension and plunge - New Target exploration drilling 8

Odienné Project– Multielement Chemistry Tellurium over Gridded Gold Immobile Element Data 9

Bondoukou Project- On going Drill Target Generation Regional Scale Interpretation from Geophysics and surface mapping and sampling on the Bondoukou Permits has identified four (4) fertile fluid pathways , generating a pipeline of potential sites for gold mineralization. Continue defining targets to drill ready status for testing in H2 2020 on fertile structures identified: • Awari Shear 40km mineralised • Kodio Trend- 17.5km near continuous gold anomaly in Auger • Samanda Trend – 12 km intrusive contact with 2 3km Gold in soil anomaly 10

Bondoukou Project – Bandoli Syncline/Awari Shear – New Gold Anomalies Identified • ‘Awassi’ - Previously untested northwest extension of the Awari Shear • Drilled on a 640m line spacing • Anomalous zones are defined by >13ppb gold anomalism with >50ppb cores and a maximum value of 569ppb • ‘Kodio’ - Previously untested NNW Structural Trend • Major Lith Contact • Late Intrusions • • 17km trend identified from broad ‘Samanda’ - Previously (640x50m Line) Auger untested NNE Structural Trend • Major Lith Contact b/w Mafic and Intermediate Volcanics and Granite • 2 x 3km trends identified in soils 11