Corporate Presentation April 15, 2020 DISCLAIMER Certain - PowerPoint PPT Presentation

Corporate Presentation – April 15, 2020

DISCLAIMER Certain statements in this presentation may constitute “forward-looking statements” such as estimates and statements that describe Indigo Exploration Inc.’s (“Indigo”) future plans, objectives or goals. Forward-looking statements are generally identifiable by the use of the words “ may ” , “ will ” , “ should ” , “ continue ” , “ expect ” , “ anticipate ” , “ estimate ” , “ believe ” , “ intend ” , “ plan ” or “ project ” or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by Indigo ’ s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Indigo to be materially different from future results, performance or achievements expressed or implied by those forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, changes in metal prices or certain other commodities and currencies, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in domestic and foreign areas in which Indigo may operate, and the overall risks involved in the exploration, development and mining business, as well as those factors discussed in the sections relating to risk factors of Indigo set out in Indigo ’ s MD&A filed on SEDAR. There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, Indigo does not intend to revise or update these forward-looking statements whether as a result of new information or subsequent events and developments or otherwise. This presentation is for information purposes only and under no circumstance is to be construed as an offering of securities Indigo. Paul Cowley, P.Geo., President, CEO and Director of Indigo Exploration Inc., is the qualified person responsible for reviewing the technical information in this presentation. www.indigoexploration.com TSX.V : IXI 2

MISSION STATEMENT “To aggressively explore a portfolio of projects assembled by a world-class African-focused geologist with more than 40M ounces of gold discovery under his belt. Indigo will use the best available expertise, technology and capital to provide the best potential for the discovery of Burkina Faso’s next economic gold deposit.” Indigo Has:  2 projects on the Birimian Greenstone Belt in Burkina Faso, West Africa  Large land position: 418.5 km2 in permits  Multiple Multi-km scale drill targets that are drill ready  Active and growing artisanal mining operations on each project  Option to acquire 100% interest in Djimbala Permit (100 km2) in southern Mali  Personnel with outstanding discovery success in the Birimian Belt (+40M oz Au)  Drilling targets that offer multi-million ounce potential www.indigoexploration.com TSX.V : IXI 3

FINANCIAL OVERVIEW Ticker Symbol: TSX.V : IXI Warrants: 7.68 million 52 Week High/Low: $0.01 / $0.02 Fully Diluted: 102.05 million Recent Price: $0.01 Cash: <$0.01M Common Shares: 92.02 million Market Cap: $0.9M Options: 2.35 million www.indigoexploration.com TSX.V : IXI 4

BOARD AND MANAGEMENT Paul Cowley, P.Geo – President/CEO and Director Successful senior exploration geologist with over 40 years experience in North and South America and Africa, instrumental in the discovery and advancement of four major gold deposits in the Canadian Arctic . Tom Henricksen – VP Exploration and Director Successful senior exploration geologist, on discovery teams for borate deposits in Bolivia, two gold and silver deposits in Peru, two porphyry copper deposits in Peru, a gold deposit in Colombia and a copper-silver deposit in Montana. Lorne Warner, P.Geo. – Director Mr. Warner has over 30 years of experience with major and junior mining companies, including Noranda Exploration and Placer Dome. He was highly successful in the discovery and delineation of several mineral deposits for various junior mining companies including: M Gold Zone at Detour Lake Mine, Ontario, the Falea uranium/silver/copper deposit in Mali and the Fatou Main gold zone in Mali. Marino Sveinson – Director Mr. Sveinson is a member of the Law Society of British Columbia and the Yukon and a partner at Pulver Crawford Munroe LLP. Mr. Sveinson provides strategic results-oriented advice and representation with respect to all stages of workplace matters and has represented clients at all levels of the courts in B.C., labour arbitrations, the Human Rights Tribunal, and the Labour Relations Board. Alain Nebie – Country Manager –Burkina Faso Rebecca Moriarty, CPA CA – CFO Experienced CFO with over 20 years experience in dealing with administration of public companies. Dr. Demetrius Pohl – Advisory Board Dr. Pohl was instrumental in assembling the current Indigo Burkina Faso land package. Formerly with BHP Minerals, he was involved in the early identification and development of the Syama and Sadiola deposits in Mali, the Essakane deposit in Burkina Faso, and the Golden Pride deposit in Tanzania, to name a few. www.indigoexploration.com TSX.V : IXI 5

WHY WEST AFRICA? Birimian Terrane of western Africa where +50 million ounces of gold discovered in last 15 years. Deposit Ownership Afaho Newmont Mining Akyem Newmont Mining Essakane IAMGOLD Loulo Randgold Morila Anglogold, Randgold Obuasi Anglogold Ashanti Sadiola Anglogold, IAMGOLD Siguiri Anglogold Syama Randgold Tarkwa Goldfields Much remains underexplored. These reserve and/or combined production and remaining reserve numbers are taken from various government and industry sources and reflect general deposit grades in the Birimian Greenstone Belt. There are currently no mineral reserves or resources associated with any of the IXI properties. www.indigoexploration.com TSX.V : IXI 6

BURKINA FASO FOCUSED 2 Gold Projects in Burkina Faso (418.5 km2): Bada 1.Hantoukoura (Kodyel) – multiple vein system 2.Lati 2 – shear parallel vein system . www.indigoexploration.com TSX.V : IXI 7

HANTOUKOURA Project (previously KODYEL) Project to Drill • New 9 year permit over original Kodyel Permit 238 sq km • • 3 target areas Artisanal mining: Hantekoura (CFA), Kodyel 1, Tangounga and Songonduari  Recent gold rush  As many as 10,000 miners Tangounga Orpaillage 1500m by 100m zone of workings BLEG Historic BLEG anomalies over 20km 2 area untested Kodyel 1 Historic SEMAFO drilling Best hole: 50m of 4.3 g/t Au www.indigoexploration.com TSX.V : IXI 8

HANTOUKOURA Project Tangounga Orpaillage 250m long by 40m wide open cut since 2006 At least 5 veins in pit totaling over 30m width Multiple parallel veins traced over 1500m by pits and cuts Prospecting suggests zone could be 3000m long Multi-Million Ounce Target Internal shafts Artisanal miners sinking dug by local internal shafts from bottom artisanal miners of open cut www.indigoexploration.com TSX.V : IXI 9

HANTOUKOURA Project Tangounga Orpaillage Very good widths with Individual veins to 10m wide Multiple veins totaling over 30m Locals mine quartz veins in excess of 10 gpt Au Airborne survey and grab sample program completed  Plans to sample pit and finish soil grid, followed by drilling www.indigoexploration.com TSX.V : IXI 10

KANTOUKOURA Soil Sampling Results to Date >15km of Gold Anomalies www.indigoexploration.com TSX.V : IXI 11

HANTOUKOURA – Extensive Artisanal Workings www.indigoexploration.com TSX.V : IXI 12

LATI 2 Project • Large 180.5 sq km area • Three target areas Prospect 1 • Multi-Million Ounce Potential • Site of new gold rush with expanding artisanal workings • 8km by 2km area of anomalous rock and soil includes a 4.75km by 100-700m Au-in-soil anomaly • Historical drill hole of 2.5 gpt Au over 12m • Recent grab sampling highlights to 12.65 gpt Au • Completed 50 RC drill holes at Prospect 1 Doudou (Prospect 2) Gold-in-soil anomaly 1200m by 50 to 500m, open Kwademen More early exploration needed www.indigoexploration.com TSX.V : IXI 13

LATI 2 – Extensive Surfacial Workings www.indigoexploration.com TSX.V : IXI 14

LATI 2 Project Prospect 1 • Soil survey was successful in highlighting two gold-in-soil anomalies: • A – 4.75km by 100-750m • B – 1.5km by 250-350m • Anomalies concentrated on contact between volcanics and intrusives. • Expanding artisanal workings also concentrated on same contacts. • Initial artisanal workings grew from 500m by 50-200m to 1200m long by 50-500m in 14 months. • New artisanal sites developing Gold recovered by artisanal miner from Lati 2 - Prospect 1 www.indigoexploration.com TSX.V : IXI 15