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N e w D i s c o v e r y I n a H i s t o r i c H i g h G r a d e G o l d F i e l d T h r o u g h t h e A p p l i c a t i o n o f M o d e r n E x p l o r a t i o n T e c h n i q u e s BELLEVUE GOLD PROJECT | WESTERN AUSTRALIA Follow

  1. N e w D i s c o v e r y I n a H i s t o r i c H i g h G r a d e G o l d F i e l d T h r o u g h t h e A p p l i c a t i o n o f M o d e r n E x p l o r a t i o n T e c h n i q u e s BELLEVUE GOLD PROJECT | WESTERN AUSTRALIA Follow us @bellevuegold November 2019 NEW GEN GOLD CONFERENCE WWW.BELLEVUEGOLD.COM.AU | ASX: BGL

  2. DISCLAIMER CAUTIONARY STATEMENTS AND DISCLAIMER DISCLAIMER This presentation has been prepared by Bellevue Gold Limited (the Company) based on and risks that cause actions, events or results not to be anticipated, estimated or intended, information from its own and third party sources and is not a disclosure document. No party including those risk factors discussed in the Company’s public filings. There can be no other than the Company has authorised or caused the issue, lodgement, submission, assurance that the forward-looking statements will prove to be accurate, as actual results despatch or provision of this presentation, or takes any responsibility for, or makes or purports and future events could differ materially from those anticipated in such statements. to make any statements, representations or undertakings in this presentation. Except for any Accordingly, prospective investors should not place undue reliance on forward-looking liability that cannot be excluded by law, the Company and its related bodies corporate, statements. Any forward-looking statements are made as of the date of this presentation, directors, employees, servants, advisers and agents (Affiliates) disclaim and accept no and the Company assumes no obligation to update or revise them to reflect new events or responsibility or liability for any expenses, losses, damages or costs incurred by you relating in circumstances, unless otherwise required by law. This presentation may contain certain any way to this presentation including, without limitation, the information contained in or forward looking statements and projections regarding: provided in connection with it, any errors or omissions from it however caused, lack of estimated, resources and reserves; • accuracy, completeness, currency or reliability or you or any other person placing any • planned production and operating costs profiles; reliance on this presentation, its accuracy, completeness, currency or reliability. This planned capital requirements; and • presentation is not a prospectus, disclosure document or other offering document under planned strategies and corporate objectives. • Australian law or under any other law. It is provided for information purposes and is not an Such forward looking statements/projections are estimates for discussion purposes only and invitation nor offer of shares or recommendation for subscription, purchase or sale in any should not be relied upon. They are not guarantees of future performance and involve jurisdiction. This presentation does not purport to contain all the information that a known and unknown risks, uncertainties and other factors many of which are beyond the prospective investor may require in connection with any potential investment in the control of the Company. The forward looking statements/projections are inherently uncertain Company. Each recipient must make its own independent assessment of the Company and may therefore differ materially from results ultimately achieved. The Company does not before acquiring any shares in the Company (Shares). The Company has made reference to make any representations and provides no warranties concerning the accuracy of the historic drilling and exploration results from a variety of Exploration company's over the past projections, and disclaims any obligation to update or revise any forward looking 30 years that had previously explored the Project. statements/projects based on new information, future events or otherwise except to the extent required by applicable laws. FORWARD LOOKING INFORMATION NO NEW INFORMATION OR DATA This presentation contains forward-looking statements. Wherever possible, words such as This presentation contains references to Mineral Resource estimates, all of which have been “intends”, “expects”, “scheduled”, “estimates”, “anticipates”, “believes”, and similar cross referenced to previous market announcements made by the Company. The Company expressions or statements that certain actions, events or results “may”, “could”, “would”, confirms that it is not aware of any new information or data that materially affects the “might” or “will” be taken, occur or be achieved, have been used to identify these forward- information included in the relevant market announcements and, in the case of estimates of looking statements. Although the forward-looking statements contained in this release reflect Mineral Resources that all material assumptions and technical parameters underpinning the management’s current beliefs based upon information currently available to management estimates in the relevant market announcement continue to apply and have not materially and based upon what management believes to be reasonable assumptions, The Company changed. cannot be certain that actual results will be consistent with these forward-looking statements. A number of factors could cause events and achievements to differ materially from the Exploration results – Refer to ASX announcement on that said date for full details on these results expressed or implied in the forward-looking statements. These factors should be exploration results. Bellevue Gold is not aware of any new information or data that materially considered carefully and prospective investors should not place undue reliance on the effects the information in the said announcement. forward-looking statements. Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause the Company's actual results, events, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors ASX: BGL | 2

  3. Bellevue Gold Project Location and Overview North Eastern Goldfields Region of Western Australia’s Yilgarn Craton Located 430km North of Kalgoorlie and 40km North of Leinster, • adjacent to the Goldfields Highway. Brownfields Gold Discovery. • Narrow vein high grade gold project which historically produced • 800k ounces @ ~15 g/t to a depth of 450m. Project is currently in the exploration/resource development phase • with a resource of 1.8 MOZ @ 11.1 g/t Inferred Category and several new discoveries currently being drilled. 1 Currently +6 diamond rigs operating double shift • Footnotes: 1. refer ASX Resource Estimate 11/7/2019 ASX: DRG | 3 ASX: BGL | 3

  4. Regional Geology • Bellevue sits within the Yakabindie domain of the Agnew-Wiluna Greenstone Belt of the Eastern Goldfields Superterrane. • The Yakabindie Greenstone belt consists of the layered Kathleen Valley Gabbro overlain by the tholeiitic Mt Goode sequence. A mixed sequence of metamorphosed ultramafics and felsic volcanics overly the Mt Goode units. These in turn are overlain by an unconformable late basin Conglomerate (Jones Creek). • Bounded by Perseverance fault to the E and the Ida Lineament to the W. • Late basin conglomerates within 5km (Jones Creek). The belt has a complex deformation history but relevant features include: D1: Broadly a long period of progressive extension – basin • formation. D2: Broadly E-W Compression – Upright folding and N-S • trending foliation – reactivation of extensional structures. D3: Progressive NW-SE compression –sinistral shear activation • (overprints earlier fold axis). D4: Progressive NE-SW compression – Planar faults and minor • shears. D5: Orogenic Collapse. • ASX: BGL | 4

  5. Project History Mining for over 100 years off and on but very limited exploration • Mineralisation first exploited in the turn of the 20 th century with shallow quartz reefs exploited at the project. • Historic town of Sir Samuel located on the leases early mining centre. • Modern exploration and Mining at the Property commenced in 1985 with Spargos Mining. • 300 ktpa plant producing mainly from ore derived from the Bellevue Underground. • Bellevue Lode mined to 450m below surface and the projected intersection with the Highway Fault. ASX: BGL | 5

  6. Bellevue Mine- 1986-1997 16 th of December 1988 ASX: BGL | 6

  7. Ownership History…………..Since 1986 Transferred through a series of mergers into Jubilee Nickel for dewatering Cosmos Queen Charlotte Mines Spargos Plutonic Forsyth NL ASX: BGL | 7

  8. Ownership History…………..Actual Exploration Queen Charlotte Mines Spargos Plutonic Forsyth NL 68,000 meters of Surface Diamond drilling only Exploration gap with no drilling for 21 years Opportunity to revisit with modern exploration ASX: BGL | 8

  9. Recent Project History Continued Change of Management • in March 2017. Initial placement to fund • exploration. Low cost data review • REBRANDED TO and reconstruction of the BELLEVUE GOLD IN geological model 2018 Drilling commenced in • September 2017 ASX: BGL | 9

  10. Bellevue Gold Exploration Total= 142,000 metres of Diamond Core • Footnotes: 1. refer ASX Resource Estimate 11/7/2019 ASX: BGL | 10

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