Significant Valuation Upside Forward-looking Statements Certain - PowerPoint PPT Presentation

TSX:NMI December 2015 Exceptional Team, Solid Production, Significant Valuation Upside

Forward-looking Statements Certain information set forth in this presentation contains “forward -looking statements”, and “forward -looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company’s expectations about its business and operations, and are based on the Company’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “will”, “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These statements are not guarantees of future performance or outcomes and undue reliance should not be placed on them. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, 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 and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are included in this presentation or incorporated by reference herein, except in accordance with applicable securities laws. 2 TSX:NMI

Newmarket Gold Advantage Experienced Management Team Proven capital markets expertise with a track record of superior value creation  Demonstrated operations excellence  Board and Management aligned with shareholders (C$12 Million invested 10% equity ownership)  Strong Operating Assets (Recent Discovery Success) Three producing gold mines in Australia with solid operating cash flow  Sustainable gold production, more than 200,000 ounces annually  Record year to date production of 169,461 ounces  Record year to date low cash costs and All-In Sustaining Costs  Record Q3, 2015 production, grade and recoveries at the Flagship Fosterville operation  Three new mine site discoveries (Fosterville, Cosmo & Stawell)  Increased potential for organic growth and resource expansion  Trend to higher consolidated grades and recoveries  Newmarket’s vision is to become the next Robust AUD$ Denominated Gold Price intermediate gold Gold now trading between $1,500/oz – $1,600/oz  producer with annual production of Execution of a Gold Focused Consolidation Strategy 400-500kozs Growth through accretive acquisitions   Companies trading at low valuation multiples 3 TSX:NMI

Capitalization and Ownership Founders , Board & Senior Management Balance Sheet Cash Balance($M) 1 Raymond Threlkeld Chairman US$37.2 Working Capital (incl. Cash)($M) 1 Douglas Forster President, CEO & Director US$22.5 Blayne Johnson Executive VP, Director Convertible Debt($M) 2 C$34.5 Lukas Lundin Director TSX:NMI OTCQX: NMKTF Randall Oliphant Director Doug Hurst VP Corporate Development Capital Structure & Ownership Robert Dufour Chief Financial Officer Issued and Outstanding (M) 135.9 Robert Getz Director Options (M) 11.4 Kevin Conboy Director Performance Share Units (M) 3.7 Edward Farrauto Director Warrants 3,4 5.2 Advisors Fully Diluted (Excluding Debenture) 156.3 Ian Telfer Capital Markets (M) Luxor Capital Group LP 39% Michael Vitton Capital Markets Mike Vint Technical Advisor Management/Board (basic) 10% Average Daily Volume The founders have created over $30 billion in market cap value 60 day 435,000 1. As at September 30, 2015 2. C$34.5M of 8% convertible unsecured debentures due April 30, 2018 and convertible at ~C$1.02/share for up to 33.9 million shares of Newmarket 3. Excludes 11,438,820 warrants which have a strike price of $9.16. 4. 4.2 Million warrants at $1.63 expiring on Feb 27, 2016 and 992,000 broker warrants at $1.25 expiring on January 10, 2017 4 TSX:NMI

Newmarket Team Aligned With Shareholders  Aligned with shareholders  Maintain low G&A on a per oz basis: currently US$27/oz vs peers at US$85/oz  Strong share ownership:  C$12 million currently invested  10% basic I/O  Industry Accepted PSU Vesting Plan:  Can acquire up to 3% of the issued and outstanding shares ○ 1/3 vest when the price of Newmarket is C$2.25 or greater If share price thresholds not ○ 1/3 vest when the price is C$3.00 or greater met, PSUs expire worthless after 3 years ○ 1/3 vest when the price is C$3.75 or greater 5 TSX:NMI

Newmarket - Key Investment Metrics First Nine Months YTD 2015 – Ending September 30, 2015 1 U.S. Dollars unless stated otherwise Record Nine Months Production ending Sept 30, 2015 169,491 oz Operating cash costs $693/oz All-In Sustaining costs $984/oz Revenue $199.6 Million Operating cash flow (up 34.8% year over year) $65.9 Million Net income $17.5 Million Earnings per share $0.14 Cash $37.2 Million $649/oz 2 Ev/oz production (2015E) Ev/oz production (2015E) peer group $2,154/oz 2 2.1x 2 Price / 2015E CFPS (ratio) Price / 2015E CFPS (ratio) peer group 5.8x 2 1. (All figures are in United States (“U.S.”) dollars, unless stated otherwise) 2. All market data is as at Nov 26, 2015, production and cash flow based on 2015 consensus estimates. Source: public market information and company disclosure as at Nov 26, 2015 6 TSX:NMI

Australia: World’s 2 nd Largest Gold Producer Maud Creek Gold Project Australia recognized as a stable and low risk  Esmeralda Gold Project jurisdiction with access to infrastructure and Mill skills 3 low cost underground gold mines operated by  Newmarket 3,500km 2 of prospective and undeveloped  landholdings 100% owned development opportunities; Maud  Creek, Big Hill and Esmeralda REVISED 2015 Consolidated Guidance S Production: Reaffirming 2015 Top-End Guidance Approximately 220,000 ounces Cash Cost: Lowering US$700 - US$750 per ounce Big Hill Gold Project AISC: Lowering US$970 - US$1,020 per ounce 7 TSX:NMI

Q3 2015 Operating Results Summary Gold Production (oz) 60,000 55,909 oz Operating Results Q3 2015 Q3 2014 YTD 2015 53,817 oz Consolidated Gold Produced (oz) 53,817 169,491 Stawell 55,909 Stawell 50,000 9,654 8,352 Consolidated Gold Grades (g/t) 3.32 3.14 3.40 Consolidated Recoveries (%) 86.5 86.0 87.1 Cosmo 40,000 Cosmo 12,672 17,942 Fosterville Gold Mine 30,000 Record Mill grade (g/t) 6.42 20,000 Record Gold Recovery (%) 89.7 Fosterville Fosterville 32,793 Record Gold Produced (oz) 28,313 32,793 10,000 0 Q3 2015 Q3 2014 8 TSX:NMI

Continue Ability to Decrease Costs Operating cash costs have decreased  41% since 2012 All-in sustaining costs have decreased  44% since 2012 $1,236 Ore grade and gold recoveries increasing  YTD cash costs of US$693/oz and AISC of  AISC $985 $984 $970- US$984/oz, significantly below guidance $905 $1,020 Management expects continued  OCC optimization efforts to lead to further $700- $693 $682 declines in operating costs and AISC $750 All-in sustaining cash costs per oz 1 Operating cash costs per oz 1 2014 2015 Cost Guidance H1 2015 2015 YTD Note: See Non-IFRS Disclosures on page 34 of this presentation. 9 TSX:NMI

Strong Operating Cash Flow Generation Strong Operating Cash Flows Newmarket generated operating cash  flow of $65.9M year to date a 34.8% 65,903 increase year over year US$ M Australian dollar Benefits 48,876 AUD:USD averaged $0.90 in 2014  and is approximately $0.71 Average realized gold price year to  date is US$1,164 versus US$1,292 during the same period last year ( Spot AUD denominated Gold Price Currently AUD$1,490 ) Strong operating cash flow despite  an average realized gold price drop of 14.8% year over year YTD 2014 YTD 2015 Operating Cash Flow Note: See Non-IFRS Disclosures on page 34 of this presentation. 10 TSX:NMI