HIGH-GRADE GOLD-SILVER PROJECT WITH UPSIDE POTENTIAL IN MEXICO SEPTEMBER 2020 INVESTOR PRESENTATION TSX.V: PRYM
DISCLAIMER THIS MANAGEMENT PRESENTATION (THE "PRESENTATION") WAS PREPARED AS A SUMMARY OVERVIEW ONLY OF THE CURRENT AFFAIRS OF PRIME MINING CORP. ”PRIME" OR THE "COMPANY") AND WAS NOT PREPARED FOR THE PURPOSE OF ASSISTING PROSPECTIVE INVESTORS IN MAKING A DECISION TO INVEST IN PRIME. PRIME DOES NOT MAKE ANY REPRESENTATION AS TO THE COMPLETENESS, TRUTH OR ACCURACY OF THE INFORMATION CONTAINED IN THIS PRESENTATION. THE COMPANY EXPRESSLY WARNS READERS NOT TO RELY ON THE INFORMATION HEREIN FOR INVESTMENT OR OTHER RELATED PURPOSES. ACCORDINGLY, ANY USE OF THIS INFORMATION IS AT YOUR RISK AND WITHOUT LIABILITY TO THE COMPANY. THE INFORMATION CONTAINED HEREIN IS NOT AND SHOULD NOT BE CONSTRUED AS EITHER A PUBLIC OR PRIVATE OFFER OR SOLICITATION TO PURCHASE SECURITIES IN THE CAPITAL STOCK OF PRIME INC. THE READER IS REFERRED TO HIS/HER PROFESSIONAL INVESTMENT ADVISOR REGARDING INVESTMENT RELATED DECISIONS RESPECTING THE SECURITIES OF THE COMPANY. CONFIDENTIALITY This Presentation is confidential and the contents are not to be reproduced or distributed to the public or the press. Securities legislation in all provinces and territories prohibits such unauthorized distribution of information. Each recipient of the information contained in this Presentation will treat such information in a confidential manner and will not, directly or indirectly, disclose or permit its affiliates or representatives to disclose such information to any other person or reproduce this Presentation in whole or in part, without the prior written consent of PRIME Inc.. FORWARD-LOOKING INFORMATION This presentation contains “forward -looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a comprehensive list of risk factors are disclosed in the Company’s documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates change, other than as required by law and readers are further advised not to place undue reliance on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward- looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. QUALITY ASSURANCE/QUALITY CONTROL The technical information in this presentation has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's qualified person, Bruce Kienlen, P. Geo., VP Exploration of Prime Mining Corp. 2
AN EVOLVING COMPANY Recently revamped management and board Existing Resource with upside • • Daniel Kunz has been recently appointed CEO and Andrew High-grade oxide deposit with a favourable strip ratio • Measured & Indicated: 633kozs gold and 16,604kozs silver 2 Bowering has been appointed Executive Vice-President • • Inferred: 179kozs gold and 6,831kozs silver 3 Murray John appointed Chairman of the Board • • Paul Sweeney and Marc Prefontaine appointed to the Board Significant upside resource potential • • Management and Board have material ownership over 14% 1 Only 40% of the strike explored to date High-grade upside Strong financial position and backers • • High-grade population below the oxides could add significantly Recently closed a $10M financing in June 2020 with new to resources cornerstone shareholders • • Multiple intercepts with minimum 3m true thickness with gold Long-term shareholders focused on delivering regional value grades in excess of 10 g/t and silver grades ranging from 35 g/t through oxides and high-grade upside • Financial backing for 2020 – 2021 exploration budget to 1,000 g/t • Upcoming exploration program to test high-grade targets 1. Shown on a fully diluted basis 2. M&I includes 19.8Mt at 1.00 g/t Au for 633kozs Au contained and 26.2 g/t Ag for 16.6Mozs Ag 3. Inferred includes 7.1Mt at 0.78 g/t Au for 179kozs Au and 29.9 g/t Ag for 6.8Mozs Ag 3 Source: Company disclosure
CAPITALIZATION Capitalization and Balance Sheet Year to Date Share Price Total Volume Share Price Ticker Ticker TSXV:PRYM $3.00 4.0 $2.25 3.0 Current Share Price C$/sh $2.05 Volume (M) (C$/share) $1.50 2.0 Basic Shares Outstanding M 84.0 $0.75 1.0 Warrants Outstanding 1 M 36.9 $0.00 0.0 Jan-20 Mar-20 May-20 Jul-20 Options Outstanding M 8.1 Analyst Coverage Shareholders FDITM Shares Outstanding M 128.9 Commodity RBC Investment Capital Global David Stewart Management FDITM Market Capitalization C$M $264 Mining Desjardins Securities, Canada Cash and Cash Equivalents C$M $8 Merk Asset Terra Capital LLC Management Oliver O’Donnell Proceeds from ITM Securities C$M $37 VSA Capital, UK Enterprise Value C$M $219 Management and Board own 14% 2 1. Weighted average exercise price of C$0.83 (Low of $0.50 and High of $1.10); 2. Shown on a fully diluted basis 4 Source: Refinitiv, company disclosure
BOARD OF DIRECTORS Murray John Daniel J. Kunz Andrew Bowering CHAIRMAN & DIRECTOR - Independent CEO & DIRECTOR EXECUTIVE VP & DIRECTOR • • • Chairman of Discovery Metals Corp. and is a member of Professional engineer and Master of Business Venture capitalist, 30-years experience as owner operator the boards of directors of Osisko Gold Royalties, Ltd and Administration with over 35 years of experience in mining, of drilling companies and leadership in worldwide mineral O3 Mining Inc. constructing and financing global resource projects exploration and development • Former President and Chief Executive Officer of Dundee • • Former CEO of $4.2bn Ivanhoe Mines Ltd., founder and Founded/funded Millennial Lithium Corp and built teams to Resources Limited, a private resource-focused CEO of US Geothermal Inc which sold for $250M pursue precious, base and industrial metals from investment company, and Managing Director and a exploration to production • Served as senior management and/or president level; Portfolio Manager with Goodman Investment Counsel • Morrison Knudson Corporation & MK Gold Company Founder/operator of companies on the TSX Venture, TSX • Mining engineering with extensive industry experience main and American Stock Exchange including Caldera • working as a mining engineer and Master of Business Built numerous mines including Castle Mountain and Environmental, Pinnacle Mines, ATW Gold, Cap-Ex Iron Administration American Girl. Was with Chesapeake Gold and its Ore, Millennial Lithium, and American Lithium Corp. Mexican Metates project (90kms from Los Reyes) for 17 years Paul Larkin Paul Sweeney Marc Prefontaine DIRECTOR – Independent DIRECTOR - Independent DIRECTOR - Independent • • • +35 years leading New Dawn Group investment & Non-executive director of OceanaGold Corporation and Over 40 years experience in mineral exploration financial consulting firm. Previously an investment Adventus Mining Corporation and mine development that includes over 11 million banker. Served as director & officer of TSX, NYSE and ounces of gold and 600 million ounces of silver reserves • Served as a director of Tahoe Resources Inc. (sold to Pan TSX Venture Exchange listed companies and resources American Sild Corp.) • Founding partner, director & Chairman of Audit & • • Former CFO of Canico Resources Corp. (acquired by Key member of the team that built Ocampo for Gammon Strategic Committees at US Geothermal Inc. (sold in Vale S.A.) and Sutton Resources Ltd (acquired by Barrick Gol, Lluvia de Oro, Magistral and El Cubo in Mexico 2018 for $250M plus enterprise value) Gold) and executive for Plutonic Power Corporation • Co-Founder and CEO of Orla Mining from 2015 until 2019 • Chairman of the Company’s Audit Committee Source: Company disclosure 5
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