| TSX-V: ORG DEVELOPING A LEADING GOLD PROJECT IN AFRICA May 2020 CORPORATE PRESENTATION 1
Forward-looking Disclaimer Any statements that express or involve discussions with respect to predictions, constructing the mine and developing it to production; sustaining capital and the the development and mining of Block 14 may experience delays and may not expectations, beliefs, plans, projections, objectives, assumptions or future duration of financing payback periods; operating costs and total costs; net cash proceed on the expected timeline, or at all; that the Company may develop Block events or performance (often, but not always, identified by words or phrases flow; net present value; the economic returns that may be derived by the 14 in a different manner than is set forth in the Feasibility Study; risks relating to such as “expects”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, Company from Block 14; obtaining licenses and permits; government regulation our dependence on key personnel; risks related to our dependence on outside “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential”, “possible” of the Company’s mining activities; that the development and mining of Block 14 parties; risks related to conflicts of interest involving our directors and officers; or variations thereof or stating that certain actions, events, conditions or results will proceed as expected in the manner set out in the Feasibility Study; future risks related to litigation; that the Company may encounter land title issues and “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be prices of gold and other metals; performance of contractual obligations by local community issues; and other known and unknown risks, uncertainties and achieved, or the negative of any of these terms and similar expressions) are not counterparties; operating conditions; political stability; obtaining governmental other factors relating to the Forward-Looking Factors above, and those risks statements of historical fact and may be forward-looking statements. Forward- approvals and financing on time; financial projections and budgets; disclosed under the heading “Risk Factors” in the Company’s annual information looking statements in this press release include, but are not limited to, environmental risks and expenses; market conditions; the securities market; form on file with the Canadian securities regulatory authorities and available statements with respect to the Mineral Reserves and Resources at Block 14 and price volatility of the Company’s securities; currency exchange rates; foreign electronically on the SEDAR website at www.sedar.com. the grade of mineralization and production at Block 14; projected production, mining tax regimes; insurance and uninsured risks; financial projections and recovery rates and strip ratios at Block 14; the life of mine of Block 14; cost, tax results; and competition and reclamation obligations. A number of factors could cause the actual results, performance or achievements and economic estimates in respect of Block 14 (including estimates of net of the Company to differ materially from any future results, performance or present value, rate of return, revenues, profit and cash flow); metal prices; the While we consider these assumptions to be reasonable, the assumptions are achievements expressed or implied by the forward-looking statements, and receipt of necessary permits in respect of Block 14 and the expected timing inherently subject to significant business, social, economic, political, regulatory, there is no assurance that the actual results, performance or achievements of the thereof; the expected timing for and the nature of the development of Block 14; competitive and other risks and uncertainties and contingencies, many of which Company will be consistent with them. Although the Company has attempted to expected mining and processing methods to be employed at Block 14 and the are based on factors and events that are not within the control of the Company identify important factors that could cause actual actions, events, results, timing and rate thereof; estimates of waste stripping and stockpiling; and and there is no assurance they will prove to be correct. As such, the forward- performance or achievements to differ materially from those described in estimates of the location and extent of the Company’s mining activities. looking statements are subject to a variety of known and unknown risks, forward-looking statements, there may be other factors that cause actions, uncertainties and other factors that could cause actual events or results to differ events, results, performance or achievements not to be as anticipated, Forward-looking statements and forward-looking information (collectively, materially from those reflected in the forward-looking statements, including, estimated or intended. There can be no assurance that forward-looking “forward-looking statements”) are not guarantees of future performance and are without limitation, that the Feasibility Study may not represent a viable statements will prove to be accurate, as actual results and future events could based upon a number of estimates and assumptions of management at the date development option for Block 14 and that the assumptions set out therein differ materially from those anticipated in such statements. Such forward- the statements are made, including, without limitation, assumptions about the (particularly with respect to the economics of Block 14) may prove to be untrue or looking statements are made or given as at the date of this press release and following (the “Forward-Looking Factors”): that the Feasibility Study represents inaccurate; that actual Mineral Reserves and Resources at Block 14 and the the Company disclaims any intention or obligation to update or revise any an accurate and viable development option for Block 14; the amount and grade grades thereof may be less or different in nature than those contained in the forward-looking statements, whether as a result of new information, future of Mineral Resources and Mineral Reserves at Block 14; future production from Feasibility Study; that the Company may not meet the production estimates set events or otherwise, except as required under applicable securities law. The Block 14, including recovered and produced gold and the grade thereof; the life out in the Feasibility Study; that the life of mine at Block 14 may be shorter than reader is cautioned not to place undue reliance on forward-looking statements. of mine of Block 14; the capital costs of anticipated; that the Company may not receive the necessary permits on time, or at all; risks related to cost overruns and the changes of the cost of inputs; that 2 2
Highlights 01 02 03 04 05 Management Sudan poised to 3.3+Moz Au Indicated Feasibility Study 45% interest in with extensive be removed from Resources: on Block 14 : Montage Gold experience in SSTL Indicated: $403M NPV @ Corp. discovery, 79.9Mt at 1.30 g/t Au US$1,250 Au financing, for 3.34 Moz of Au development & Inferred: 13.6 years mine life M&A in Africa 18.5Mt at 1.2 g/t Au for 0.71 Moz of Au 228Koz/year production first 7 years 3
Corporate Overview SHARE MAJOR STRUCTURE STOCKHOLDERS Issued & Outstanding 212M Zebra Holdings/Lorito 16.6% Shares Options 13M Resolute Mining Limited 15.3% Avg. Strike Price: $0.41 MCap $67M Ross Beaty 10.6% as at May 14, 2020 Kinross Gold 5.0% Management & Board 6.1% 4
Management President COO CFO Chief Strategist, African Affairs CEO HUGH STUART KEVIN ROSS GLENN KONDO KARAMO SONKO RICK CLARK B.Sc (Hons), M.Sc, FGS Eur Ing, MBA, MIMMM B,Comm., CA M.Phil., Ph.D B.A., LLB 5
Directors Chairman Non-Exec ALEX DAVIDSON BOB CHASE Strong development-focused board with M.Sc(Econ. Geol.), B.SC, P.Geo CPA, CA extensive construction and operating experience. Non-Exec Non-Exec DAVID FIELD DEREK WHITE Bec(H)/BSc ANU B.Eng, CA CEO President RICK CLARK B.A., LLB HUGH STUART B.Sc, M.Sc, FGS 6
About Sudan • Highly prospective geology – under explored • Largest gold rush in the last century – +100t produced annually • 2 nd largest gold producing country in Africa N • Commercial mining is a priority 100km • Secure & safe operating environment Block 14 Gold Project 7
Political Development in Sudan AUGUST 4, 2019 SEPTEMBER 5, 2019 APRIL 11, 2019 AUGUST 21, 2019 18 Ministers, including 4 The TMC and FFC sign Mr. Adballa Hamdok Sudanese dictator Omar al- constitutional women appointed by Prime appointed Prime Bashir was removed from power declaration Minister Hamdok by the Sudanese Armed Forces Minister by the amid ongoing protests after Sovereign Council holding the office for nearly 30 years MAY 4, 2020 JULY 17, 2019 AUGUST 21, 2019 U.S. approves Transitional power-sharing A Sovereign Council, agreement signed between the including 2 women, appointment of first Transitional Military Council (TMC) declared to lead the ambassador from and the opposition alliance, Forces Sudan for 39 months Sudan in 20+ years for Freedom and Change (FFC), for a period of three years 8 8
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