OTCQB/CSE NJMC MicroCap Leadership newjerseymining.com Summit September 27, 2019 Nor orth th Am American erican Gold old Producer roducer North th Ame merican rican Go Gold ld Producer oducer Corporate Update – August 2018 Corpor rporat ate e Upd Update – Septemb mber er 2019
OTCQB/CSE NJMC Forwar ard Looking king Stat atemen ements ts newjerseymining.com Forward Looking Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to: statements relating to forecasted gold production, projected net income cash costs, and all-in costs, future optimization and resource expansion and potential resource upgrade or extending the Golden Chest Mine life-of-mine, mineral resource estimates. When used herein, the words "anticipate," "believe," "estimate," “upcoming,” "plan," “target”, "intend" and "expect" and similar expressions, as they relate to New Jersey Mining Company, its subsidiaries, joint venture partners or its management, are intended to identify such forward looking statements. These forward looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to risks related to mining activities and production shortfalls, metallurgical recovery problems, ore grade or tonnage shortfalls, changes in project parameters, future metal prices, changes in quantity and costs of future production, risks related to the ability to finance future development at the Golden Chest Mine, risks related to mineral resource estimates and other such factors, including risk factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2018. Except as required by Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward looking statements. Cautionary Statements Cautionary Note Regarding Estimates of Measured, Indicated and Inferred Resources. The United States Securities and Exchange Commission (SEC) permits mining companies, in their filings with the SEC, to disclose only reserves, which are those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as “resource,” “measured resources,” “indicated resources,” and “inferred resources” that are recognized by Canadian regulations, but that SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC, except in certain circumstances. U.S. investors are urged to consider closely the disclosure in our most recent Form10-K and Form10-Q. You can review and obtain copies of these filings from the SEC’s web site at www.sec.gov. 2
OTCQB/CSE NJMC newjerseymining.com “In its most basic form, we have incorporated a number of moving parts into an overall business approach that separates us from other junior mining and exploration companies. Our goal is to continue to build the Company as we have done, paying off start up debt, utilizing revenues from existing operations to expand and grow our asset base. More simply put, we put our money where our mouth is, focus on doing the heavy lifting and just get shit done.” John Swallow, New Jersey Mining Co. CEO & President 3
OTCQB/CSE NJMC Three ree Gold ld Distr tricts: icts: Signi nificant icant Pot otenti ential newjerseymining.com Murray y Gold Belt • Golden Chest Mine • Crown Point Buckskin • • Butte Gulch • Giant Ledge Central tral Idaho ho • Eastern Star • South Fork Butte e Highlands nds • Established and permitted underground mine 4
Foundation undation for Growth wth – Why NJMC… OTCQB/CSE NJMC newjerseymining.com Experi erien enced, ced, Successful cessful Manageme gement nt Team Ability to advance projects in difficult market • conditions • De-levered and increased asset base • Assets chosen in mining friendly jurisdiction with district scale potential Proven n Mine e & Mill Operat ator ors • Golden Chest Mine produces gold ore from open pit & underground • Current operations fund expansion and explorations • Low carrying costs (approx. $75,000 yr.) provides base of value in all market cycles Sharehol holder der Focused used Managemen agement t and Cultu ture re • Management owns more than 15% shares • Acquired through financings and open market purchases • Employees are shareholders 5
OTCQB/CSE NJMC newjerseymining.com Mu Murra rray Go Gold ld Be Belt lt Go Golde lden n Ch Chest est Min Mine 6
Current rrent an and Future ture Pr Production duction OTCQB/CSE NJMC newjerseymining.com EX EXPLORA ORATION TION PRE PRE-DEV DEVELOPME OPMENT NT PRODUCTION UCTION Murray Gold ld Belt lt Murray Gold ld Belt lt Golde lden Chest st Mine District-scale exploration and multi- Pre-Development Projects become Advanced Exploration Projects tiered expansion potential; gold producers; become Pre-Development Projects; • Butte Gulch • More than $13M invested in • New Klondike surface pit • Buckskin infrastructure, exploration & • Layback to current surface pit Giant Ledge development • • Paymaster underground • Crown Point • Producing gold from open pit and underground; Butte e Highla lands ds 2017 7 NI 43-101 open-pit it gold d Centra tral l Idaho aho resour urce e of 477,0 ,000 oz; Historic gold district located south Recently rediscovered historic gold (254,000 oz Measured/Indicated of Butte, Montana; district makes for opportunity; 223,000 oz Inferred) • Fully permitted underground • Eastern Star • All debt associated with gold mine South Fork • surface pit and underground NJMC interest is carried to • mine start up is “paid in full” production, with its share of costs paid from future production. 7
OTCQB/CSE NJMC Mu Murray y Gold ld Be Belt lt – Elephant Country… newjerseymining.com • Located in the World-Class Coeur d’Alene Mining District • Mines of the district demonstrate greater vertical than horizontal extents Golden Chest Mine, delineated gold- • mineralization system extends horizontally 1,200 meters, separated into six distinct mineralized shoots Geologically-similar to lode mines • of Abitibi Gold Camp of Canada and the Mother Lode of California 8
OTCQB/CSE NJMC Mu Mult lti-mil million lion-ounce unce poten entia tial newjerseymining.com
Mu Murray y Gold ld Be Belt lt – Where we are… OTCQB/CSE NJMC newjerseymining.com 2013 - 2015 5 • Infrastructure modernized new portal, decline and spiral ramp • 2017 - 2018 Hecla increases land position to approximately 14 square miles • 2018 Hecla purchases Toboggan claims and data set from NJMC • 2018 - 2019 NJMC significantly increases land position; 1,188 acres of patented claims, and 4,194 acres of unpatented claims in the MGB 10 10
Mu Murray y Gold ld Be Belt lt – Where we are going… OTCQB/CSE NJMC newjerseymining.com • Deep drilling is priority • Per tonne input costs are expected to remain • Mines within district are deep (up to 9,000’) relatively steady. (Production cost target of Currently mining two of the six ore shoots (only $1,000 – $1,100) • at 400’ depth) • NJMC will continue to assist Hecla on an “as • The mineralized shoots of Golden Chest have needed” basis for its nearby Toboggan Trend strong periodicity and a consistent dip/rake land package (NJMC holds a 2% NSR on its which allows for more predictive drill planning, prior Toboggan holdings ). development and extraction. 11
OTCQB/CSE NJMC newjerseymining.com Id Idah aho/M o/Montana ontana Ex Expl plora oration tion an and d Pre rede develop elopment ment Proj ojects ects 12
Bu Butt tte e Highlands lands Joint nt Venture ture OTCQB/CSE NJMC newjerseymining.com Butt tte Highl hlan ands ds Project ct • Historic gold producer, 1937-1942. • Nearly 30,000 meters of drilling by Battle Mtn, Placer Dome, Orvana & ASARCO in the 1980s & 1990s. • 1,600 meters of underground development and surface facilities, built by industry leader SMD. • 16,150 meters of core drilled from underground IDAHO stations in 2011, outlining initial production zones. • NJMC purchased a 50% interest in Butte Highlands JV LLC (“BHJV”). • Fully permitted with nearly $40 million invested. • Located south of Butte, in a region that hosted several multi-million ounce gold deposits. • NJMC interest is “carried to production” with its share of costs paid from future production. 13 13
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