NuLegacy Gold Corporate Presentation C O R P O R A T I O N ~ Discovering gold in the Cortez gold-trend of Nevada ~ NUG:V │ NULGF:QX Discovering gold in Nevada November 2019
NuLegacy Gold Why NuLegacy? C O R P O R A T I O N The largest most prospective ‘independently’ owned land package in the famed Cortez gold-trend of Nevada. Successful World Class District Scale 108 sq. km Governance Shareholders Discoveries & Geo Team • On strike with • OceanaGold • Carlin-style • Successful mine Barrick’s three gold deposits finders/financiers • Barrick Gold best gold • Three former • Epithermal • Tocqueville deposits 1 Barrick executives gold prospects on BOD Nevada is the 4 th largest gold producing “nation” in the world NUG:V │ NULGF:QX Discovering gold in Nevada 2
NuLegacy Gold Capital structure, Ownership distribution C O R P O R A T I O N Shares Outstanding 407.2 million Capital 52 Week Range C$ 0.03 - 0.195/share structure Market Capitalization ~ C$ 28.5 million Current Cash ~ C$ 7.6 million Proceeds Ex Options & Wts ~ C$ 17.1 million Warrants / Options 68.0 / 32.8 million Fully Diluted 508.0 million Shares (millions) Ownership Miners % distribution 49.8 12.2 OceanaGold 32.0 Barrick Gold 7.9 Institutions Tocqueville 37.9 9.3 MacKenzie 23.3 5.7 Davenport LLC 14.5 3.6 Ingalls & Snyder 6.0 1.5 Waterton Global 5.0 1.2 Public ~ 217.2 ~ 53.3 Principals 21.5 5.3 Scarsdale Equities LLC scarsdale-equ.com Mike Niehuser miken@scarsdale-equities.com Analyst coverage VSA Capital vsacapital.com Oliver O’Donnell oodonnell@vsacapital.com Canaccord Genuity canaccordgenuity.com Tom Gallo tgallo@canaccordgenuity.com NUG:V │ NULGF:QX Discovering gold in Nevada 3
NuLegacy Gold Corporate team C O R P O R A T I O N CORPORATE MANAGEMENT: *Alex Davidson Chairman, Director Former EVP Barrick Gold, Director, Yamana Gold Inc. Albert Matter Chief Executive Officer, Director Co-founder Alamos Gold Inc, NuLegacy Gold Corporation *Edward Cope Director, Exploration & Evaluations Former VP Exploration, North America, Barrick Gold Danny Lee Chief Financial Officer Administrated Eagle Hill & Oban merger to form Osisko Mining DIRECTORS: *Alan Hill Chairman Teranga Gold Corporation – former EVP Barrick Gold James Anderson Chairman & CEO of Vangold Mining John Budreski Exec. Chairman of Morien Resources Corp. & EnWave Corp. *Roger Steininger*, PhD Discovered Barrick’s 21+ million ounces Pipeline mine, NuLegacy’s Iceberg & Avocado gold deposits ADVISORY COUNCIL: Glen Darou Retired CFO, Shell Canada Stuart “Tookie” Angus Chair & Director, K92 Mining Inc. ... track records of successfully securing and advancing high-quality assets to production … NUG:V │ NULGF:QX Discovering gold in Nevada 4
NuLegacy Gold Exploration team C O R P O R A T I O N EXPLORATION TEAM: *Edward Cope, MSc Ec Geo. Director, Exploration & Evaluations Led team that added ~ 50 million ounces to Barrick’s Nevada gold endowment * Charles Weakly , BSc District Geologist Contributed to multi-million-ounce expansions of Barrick’s Goldstrike and Goldrush discoveries William Mounts, DICAT Drilling Supervisor Denise Dowell, BSc Geotechnical/Database Administrator Bryan Kellie, BSc Project Geologist Robert Springs, BSc Geologist *Five of NuLegacy’s principals & geo-team have been instrumental in the discovery and/or construction of four of Barrick’s best gold deposits. NUG:V │ NULGF:QX Discovering gold in Nevada 5
NuLegacy Gold Nevada’s rich gold-trends C O R P O R A T I O N • Gold deposits >20 million oz Midas • Produces 5.5 million oz/yr Turquois Ridge I-80 • 80% of US production Betze/Post • 10% of world production Carlin Lone Tree Gold Quarry Mule Canyon Emigrant Pinion Fire Creek Pipeline Cortez Hills Buckhorn NuLegacy’s Goldrush Red Hill VIO property ‘Jewel’ of the Cortez Vantage HWY-50 Major Deposits Eocene Carlin-Porphyry Miocene Epithermal NUG:V │ NULGF:QX Discovering gold in Nevada 6
NuLegacy Gold Cortez trend Carlin-style gold systems C O R P O R A T I O N Carlin-style gold systems: clusters of deposits with multiple horizons 1989 - Barrick’s Pipeline/Cortez operation ~21+ M oz @ 2.5 g/t Barrick’s Cortez “complex”: • Produces ~ one million oz/yr • 20% of Barrick’s production • 50+ million-oz gold endowment 1999 - Barrick’s Cortez Hills ~15+ M oz @ 4.1 g/t Multiple horizons 2010 - Barrick’s Goldrush ~10+ M oz @ 10 g/t 2 Avocado NuLegacy’s 108 km 2 1 RED HILL PROPERTY 1 Serena Rift Iceberg Legend • Gold Deposits • Exploration Targets NUG:V │ NULGF:QX Discovering gold in Nevada 7
NuLegacy Gold The value proposition C O R P O R A T I O N Barrick’s Cortez operations 2(a) . 2017 Production (oz) ………... 1,330,000 All-in sustaining cost/oz …........…. $624 Average $/oz …………………..…. $1,257 2017 NCF …...........… US $841,890,000 NuLegacy Gold Corporation Red Hill property . Current Market Cap: ~C$20,000,000 Barrick’s Goldrush 2(b) Est. 2021 Production (oz) …… 450,000 All-in sustaining cost/oz ….….…. $620 Average $/oz (estimated) .…….. $1,300 Avocado Est. 2021 NCF.............. . US $306,000,000 Serena Rift North NUG:V │ NULGF:QX Discovering gold in Nevada 8
NuLegacy Gold Making a Carlin Tier 1 asset: 80%-20% rule C O R P O R A T I O N 80 million 20 million tons of Classic Cortez high grade gold deposit tons of 0.5+ g/t higher grade ‘core’ at oxide gold deposit 10 to 30+ g/t gold at 3 to 10+ g/t gold High-angle faults Classic Carlin-type gold deposit model Low-angle thrust faults Gold mineralization NUG:V │ NULGF:QX Discovering gold in Nevada 9
NuLegacy Gold The Transformation of Goldrush C O R P O R A T I O N From a ‘typical’ Carlin to a ‘Tier 1’ asset in two years of drilling. 145 ft @ 0.50 oz/t As of: • 2008 ~ 2.2 million oz • 2009 ~ minimal drilling • 2010 ~ 7.1 million oz • 2013 ~ 14.1 million oz • 2014 ~ 20+ million oz • 2016 ~ 10 million oz @ 10 g/t 1 • 2020 ~ production ~ 500,000 oz/yr 1 Goldrush strategically recategorized as underground resource . NUG:V │ NULGF:QX Discovering gold in Nevada 10
NuLegacy Gold The Transformation of Red Hill C O R P O R A T I O N • 2017-2018: Under the guidance of Charles Weakly, NuLegacy executed major geochemical, geophysical and ‘wildcat’ drilling programs. • Resulting in the ‘breakthrough’ analysis confirming the structural and stratigraphic connectors between the Barrick’s Goldrush/Fourmile Carlin gold systems and NuLegacy’s Red Hill Carlin gold systems which are: • On trend. • Strongly mineralized systems with the same stratigraphy. • The high-grade gold is at the structural confluence of: 1. the high-angle faults and, 2. low-angle thrust faults, within the Wenban5 stratigraphic horizon 1 . 3. • 2019-2020 objectives: Capitalize on the geologic ‘breakthrough’ by: • Testing the connectors. • Priority targets are the Fourmile ‘Look-alike’ and the Rift Anticline. NUG:V │ NULGF:QX Discovering gold in Nevada 11
NuLegacy Gold Fall 2017: North zone cross-section C O R P O R A T I O N RHB-64: SR17-08C: 51.8m at 1.27 g/t, incl. 32.6m at 2.05 g/t, incl. 10.6m at 4.51 g/t 3.2m at 14.74 g/t SR17-01: RHB-17: A A’ 50.3m at 1.00 g/t, incl. 41.2m at 1.02 g/t, incl. 13.8m at 2.27 g/t 10.7m at 3.46 g/t Tv Dhc Au g/t RHB-64 RHB-39 RHB-65 RHB-49 RH94-02 ≥ 1.0 SR17-04 RHB-56 0.8 RHB-62 RHB-69 RHB-35 Dw 0.6 SR17-08C 0.4 RHB-96C RHB-17 SR17-01 0.2 SR17-02 0.1 SR17-09 NUG:V │ NULGF:QX Discovering gold in Nevada 12
NuLegacy Gold Fall 2018 : Reinterpreted North zone x-section C O R P O R A T I O N “The high-grade gold is most often emplaced at the structural confluence of the high-angle and low-angle thrust faults when they are within the favorable Wenban5 stratigraphic horizon...” RHB-64: SR17-08C: 51.8m at 1.27 g/t, incl. 32.6m at 2.05 g/t, incl. 10.6m at 4.51 g/t 3.2m at 14.74 g/t SR17-01: RHB-17: A A’ 50.3m at 1.00 g/t, incl. 41.2m at 1.02 g/t, incl. 13.8m at 2.27 g/t 10.7m at 3.46 g/t Tb Tv Dw8 RHB-64 Dw6-7 RHB-49 Dw5 RHB-54 Dw5 RHB-39 IN17-14C Long Fault RHB-65 RH94-02 SR17-04 RHB-56 RHB-62 RHB-69 RHB-35 Dw4 SR17-08C RHB-17 RHB-96C SR17-09 SR17-01 SR17-02 NB. As you can see from the corebox, without the color-coding, it is very difficult to differentiate the various horizons and low-angle faults NUG:V │ NULGF:QX Discovering gold in Nevada 13
NuLegacy Gold 3 Resulting target zones & drill sites C O R P O R A T I O N SR18-02C: RHB15-40: Explanation 22.1m of 6.59 g/t, incl. 41.2m of 3.9 g/t, incl. Drill sites 8.7m of 16.92 g/t gold 12.2m of 11.0 g/t gold WS18-01 NuLegacy drill holes New target zones Rift Anticline Western Serena North Slope VIO Iceberg Cross-section A A’ Fourmile ‘look-alike’ Serena Central Iceberg Offset WS18-01 (Rift discovery hole stopped in Wenban4) N NUG:V │ NULGF:QX Discovering gold in Nevada 14
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