Silver & Gold Summit San Francisco - October 28, 2019 Presented - PowerPoint PPT Presentation

Silver & Gold Summit San Francisco - October 28, 2019 Presented by Kai Hoffmann, CEO

We track on over 1,400 Logged +32 500 deals In-house data analyst ▪ ▪ ▪ companies on the TSX, since 2011 Consulting on capital raises ▪ TSX-V, and the CSE Data-driven approach to and ancillary aspects ▪ Provide sector and broker examining financings ▪ reports 2

J U N I O R M I N I N G M A R K E T CAD market cap CAD financing 3

Weighted Index Factors: 1. Total $s of financings opened 2. Percentage of broker participation 3. Total # of deals opened 4

2.000,0 1.000,0 1.400,0 1.200,0 1.600,0 1.800,0 400,0 200,0 600,0 800,0 0,0 13-Jan-11 3-Mar-11 Source: World Gold Council, Oreninc Gold in USD, Oreninc Index 5-week moving average 21-Apr-11 9-Jun-11 28-Jul-11 15-Sep-11 3-Nov-11 22-Dec-11 9-Feb-12 29-Mar-12 17-May-12 5-Jul-12 23-Aug-12 11-Oct-12 29-Nov-12 17-Jan-13 7-Mar-13 25-Apr-13 13-Jun-13 1-Aug-13 19-Sep-13 7-Nov-13 26-Dec-13 13-Feb-14 3-Apr-14 22-May-14 10-Jul-14 28-Aug-14 16-Oct-14 4-Dec-14 22-Jan-15 12-Mar-15 30-Apr-15 18-Jun-15 6-Aug-15 24-Sep-15 12-Nov-15 31-Dec-15 18-Feb-16 7-Apr-16 26-May-16 14-Jul-16 1-Sep-16 20-Oct-16 8-Dec-16 26-Jan-17 16-Mar-17 4-May-17 22-Jun-17 10-Aug-17 28-Sep-17 16-Nov-17 4-Jan-18 22-Feb-18 12-Apr-18 31-May-18 19-Jul-18 6-Sep-18 25-Oct-18 13-Dec-18 31-Jan-19 21-Mar-19 9-May-19 27-Jun-19 15-Aug-19 3-Oct-19 0,00 20,00 40,00 60,00 80,00 100,00 120,00 140,00 160,00 5

2016 2019 1.400,0 100,00 1.600,0 100,00 1.350,0 90,00 1.550,0 90,00 1.300,0 80,00 1.500,0 80,00 1.250,0 70,00 1.450,0 70,00 1.400,0 60,00 1.200,0 60,00 1.350,0 50,00 1.150,0 50,00 1.300,0 40,00 1.100,0 40,00 1.250,0 30,00 1.050,0 30,00 1.200,0 20,00 1.000,0 20,00 2-May-19 9-May-19 16-May-19 23-May-19 30-May-19 6-Jun-19 13-Jun-19 20-Jun-19 27-Jun-19 4-Jul-19 11-Jul-19 18-Jul-19 25-Jul-19 1-Aug-19 8-Aug-19 15-Aug-19 22-Aug-19 29-Aug-19 5-Sep-19 12-Sep-19 19-Sep-19 26-Sep-19 3-Oct-19 10-Oct-19 Gold in USD Index 5-wk Moving Average Gold in USD Index 5-wk Moving Average 6

2.000,0 1.000,0 1.400,0 1.200,0 1.600,0 1.800,0 400,0 200,0 600,0 800,0 0,0 Source: World Gold Council, Oreninc Gold in USD, Total size opened in CAD 13-Jan-11 3-Mar-11 21-Apr-11 9-Jun-11 28-Jul-11 15-Sep-11 3-Nov-11 22-Dec-11 9-Feb-12 29-Mar-12 17-May-12 5-Jul-12 23-Aug-12 11-Oct-12 29-Nov-12 17-Jan-13 7-Mar-13 25-Apr-13 13-Jun-13 1-Aug-13 19-Sep-13 7-Nov-13 26-Dec-13 13-Feb-14 3-Apr-14 22-May-14 10-Jul-14 28-Aug-14 16-Oct-14 4-Dec-14 22-Jan-15 12-Mar-15 30-Apr-15 18-Jun-15 6-Aug-15 24-Sep-15 12-Nov-15 31-Dec-15 18-Feb-16 7-Apr-16 26-May-16 14-Jul-16 1-Sep-16 20-Oct-16 8-Dec-16 26-Jan-17 16-Mar-17 4-May-17 22-Jun-17 10-Aug-17 28-Sep-17 16-Nov-17 4-Jan-18 22-Feb-18 12-Apr-18 31-May-18 19-Jul-18 6-Sep-18 25-Oct-18 13-Dec-18 31-Jan-19 21-Mar-19 9-May-19 27-Jun-19 15-Aug-19 3-Oct-19 7 $- $100.000.000 $200.000.000 $300.000.000 $400.000.000 $500.000.000 $600.000.000 $700.000.000

300 240 250 216 200 Since May: 45 & 41 150 100 98 100 84 66 56 47 50 0 2016 2017 2018 2019 # of Brokered Deals # of Bought Deals Source: Oreninc; as of October 17, 2019 8

Total $s raised 2011 - today 9.000 Millions 8.030 8.000 7.000 6.000 4.819 5.000 4.609 4.600 -40% 4.000 3.242 2.758 3.000 2.406 2.290 1.894 2.000 1.000 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: Oreninc; as of October 17, 2019 *includes Common & Flow-Through, ex Oil & Gas & Frack Sand 9

Total # of Deals 2011 - today 1600 1485 1485 1440 1397 Jan to Apr: 292 1400 May to today: 483 1205 1181 1200 1008 1005 1000 775 800 600 400 200 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: Oreninc; as of October 17, 2019 *includes Common & Flow-Through, ex Oil & Gas & Frack Sand 10

Average Deal Size 2011 - today $6.000.000,00 $5.576.529,48 $5.000.000,00 $3.245.099,94 $4.000.000,00 $3.292.535,62 $3.103.549,54 $2.743.946,51 $3.000.000,00 $2.690.223,25 $2.595.347,27 $2.387.126,40 $2.194.071,86 $1.938.755,19 $2.000.000,00 18% $1.000.000,00 $- 2011 2012 2013 2014 2015 2016 2017 2018 2019 pt 1 2019 pt 2 Source: Oreninc; as of October 17, 2019 *includes Common & Flow-Through, ex Oil & Gas & Frack Sand 11

21% for Common vs. Flow-Through bought deals $5,00 20,0% Billions 18,7% $4,50 18,0% $4,00 16,0% 15,2% 15,5% $3,50 14,0% $3,00 11,1% 12,0% FT $2,50 10,0% $340mn 10,0% $2,00 8,0% $1,50 6,0% $1,00 4,0% $0,50 2,0% $- 0,0% 2015 2016 2017 2018 2019 Common Flow-Through FT in % of total Source: Oreninc; as of October 17, 2019 12

GRASS SS ROOTS EXP EXPLORER ACC CCESS TO FINANCIN INGS FLO LOW – THROUGH Financing still not available to Few remaining institutional Financing form will remain the most junior companies investors will have easy access to extremely important, to increase deal flow, retail less so. in Q4 / 2019 Emergence of deal clubs.

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Kai Hoffmann CEO, Oreninc E: hoffmann@oreninc.com @oreninc @oreninc C: +1 604 687 3520 ext. 227 Youtube.com/ @oreninc oreninc Visit our website at: oreninc.com Subscribe to our newsletter at: oreninc.com/subscribe 15

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