Slide 1: Corporate Presentation Q2 2025
Q2 1 2025 TSX.V: ONAU CORPORATE PRESENTATION www.ongoldresources.com 1
Slide 2: Forward Looking Statements & Disclosures
Forward Looking Statements & Disclosures This presentation was prepared by management of ONGold Resources Limited (“ONGold” or the “Company”). The information contained in this presentation (a) is provided as of the date hereof, (b) does not purport to contain all the information necessary or desira
Slide 3: Technical Disclosures and Historic Resource Disclosures
Technical Disclosures and Historic Resource Disclosures The scientific and technical content of this presentation has been reviewed and approved by Rodney Barber, P. Geo., for ONGold, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Slide 4: Management and Board of Directors
Management and Board of Directors Kyle Stanfield Rodney Barber, P.Geo Gregory Duras Chief Executive Officer President Chief Financial Officer • Over 25 years of exploration & mining • More than 35 years of experience in • Over 25 years experience in the sustainability experience mining and explorati
Slide 5: Pro Forma Capital Structure
Pro Forma Capital Structure Pro Forma Capital Structure (Undiluted) Share Share Ownership Ownership Share Price C$ $0.45 (1) Shares Outstanding mm 63.3 Other - 15% Market Capitalization C$mm $28.5 Cash (2) C$mm $5.4 Debt C$mm - Enterprise Value C$mm $23.1 Options & Warrants Institutions & HNW - 14%
Slide 6: District Scale Projects In Northern Canada
District Scale Projects In Northern Canada MONUMENT BAY PROJECT TPK PROJECT Exploration Property Exploration Property Historic resource with Open-pithectare 48,000 resource property with over 2.3m oz Au M+I (1.2 over extensive with 2.3m oz Au gold M+I (1.2 g/t) and 0.7m oz Au (0.9 g/t) and 0.7m oz m
Slide 7: Monument Bay Project Overview
Monument Bay Project Overview > Red Sucker Lake First Nation Invitation to Explore – ONGold has received a formal invitation from Red Sucker Lake First Nation (RSLFN) to restart field exploration at Monument Bay – Recent meetings led to a framework agreement under the RSLFN’s Community Consultation
Slide 8: Monument Bay Project History & Resource
Monument Bay Project History & Resource > Project History: 2017 Historic Resource Estimate 1 – Extensively explored by multiple operators since the late 1980’s including drilling, geophysical Grade Contained surveys, and resource estimations Category Tonnes (g/t Au) Gold (oz) – Mega Precious Metals
Slide 9: Monument Bay 2025 Exploration
Monument Bay 2025 Exploration > Comprehensive Data Review Completed: – A recent compilation of historical drilling, geophysical surveys, and extensive geochemical sampling has identified five new target areas at Monument Bay – Many of these zones have never been drill‐tested or systematically explor
Slide 10: Monument Bay Acquisition
Monument Bay Acquisition Acquisition Details Consideration > On November 25, 2024 ONGold entered into an agreement to purchase the Monument Bay Project Amount Payment Type (“Monument Bay”) from Agnico Eagle Mines Ltd. (“Agnico Eagle”) Initial Consideration C$mm > ONGold paid an initial consideration
Slide 11: Rapson Bay Project Overview
Rapson Bay Project Overview > Location & Accessibility: – Situated in northwestern Ontario, approximately 60 km north-northwest of the First Nations community of Sachigo Lake and about 30 km from the Monument Bay camp. > Property Details: – 1,528 cell units covering over 286 km² – Encompasses 23 km
Slide 12: Ti-pa-haa-kaa-ning ("TPK") Project Overview
Ti-pa-haa-kaa-ning (“TPK”) Project Overview > Location & Accessibility: – Northwestern Ontario, approximately 470 km northeast of Thunder Bay and 190 km northeast of Pickle Lake. – Centered at coordinates 432,000 Easting and 5,819,000 Northing (NAD83, Zone 16). – Accessible by helicopter or float/sk
Slide 13: TPK Exploration – Big Dam Area
TPK Exploration – Big Dam Area > Exploration Highlights: – Discovery and definition of the gold grain-in-till dispersal apron: defined as 6 km wide by 11 km long, with gold grain-in-till anomalies up to 1,263 grains per 10 kilogram till sample (see Northern press release dated May 15, 2019). This su
Slide 14: TPK Exploration – Annex & New Growth Area
TPK Exploration – Annex & New Growth Area > Exploration Highlights: – Keely Lake gold dispersal train is 3.5 km wide, 13.5km long. Suggests a second large gold system. – Re-charge of gold grains suggests more than one source area. Mineralized boulders returned assay values of up to 727 g/t gold, 111
Slide 15: Domain Acquisition and Property Overview
Domain Acquisition and Property Overview Acquisition Details > On November 25, 2024 ONGold entered into an agreement to acquire the Domain Project (“Domain”) from Agnico Eagle and Capella Minerals Ltd. > The property was most recently held under a JV between Agnico Eagle and Capella Minerals Ltd. >
Slide 16: Domain Project Overview
Domain Project Overview > Location & Accessibility: – Located in Northeastern Manitoba, Canada. – ~180 km Southeast of Thompson, Manitoba and ~15km Southeast of Oxford House. – Manitoba power grid passes through property. – Access through winter road and trails from Oxford House or aircraft. > Land
Slide 17: October Gold Project Overview
October Gold Project Overview > Location & Accessibility: – Situated in a relatively underexplored part of the Abitibi Sub- PTX: 77.4m province in northeastern Ontario. @ 0.44g/t Au – Approximately 35 km along strike from IamGold/Sumitomo's Côté Gold Mine, which has a resource of 19.1 million ounces
Slide 18: Appendix I: TPK Property
Appendix I: TPK Property 18 18
Slide 19: Structural Setting
Structural Setting Primary Structural Control • Gold receptive splay shears off a major inflection, Stull-Wunnummin Fault Comparable District • Malartic- Val d’Or gold district on splays off major bend, Larder Lake- Cadillac Fault 19 TSX.V: ONAU www.canterraminerals.com
Slide 20: Evidence of High Grade Gold – Gold Grains
Evidence of High Grade Gold – Gold Grains > Big Dam Gold Grain-In-Till Dispersal Apron – Unique geological feature, largest in North America – Very large number of gold grains, up to 1262 grains per 10 kg sample, most are pristine – Cannot get this apron size and number of gold grains, unless signif
Slide 21: Mapping and Geological Controls
Mapping and Geological Controls > 10-004 Discovery associated with conjugate Riedel shear near internal contact of the Freure Lake Batholith > Potential for multiple parallel zones 10-004 2.8% Fe Discovery Goose Lake 2.2% Fe 1.5% Fe Little Crying Boy Lake 21 TSX.V: ONAU www.canterraminerals.com
Slide 22: Mapping and Geological Controls
Mapping and Geological Controls > High Grade Drilling: – Multiple, significant gold discoveries already made, including: o TPK-10-004: 25.87 g/t gold, 13.5 m (incl. 749 g/t over 0.3m) from 149.3 metres, Big Dam Area (1) > Strongest mineralization associated with coarse visible gold, high angle smoke
Slide 23: Targeting Big Dam Area – Magnetics
Targeting Big Dam Area – Magnetics Aerial Magnetics Data ICE DIRECTION • Note east- west fabric, magnetics (explains historic S-N drilling) • NW-SE magnetic destruction, faulting, silicification Goose Lake 25.87 g/t Au over 13.5m ✓ Non- Magnetic Granite ✓ 2.8% Fe Goose Lake ✓ Magnetic Granite ✓ 2.2%
Slide 24: Targeting Big Dam Area – Alteration Zones
Targeting Big Dam Area – Alteration Zones N-S Mineralized Silicified Alteration Zone, Offset Mineralized Silicified Alteration Zone N-S Mineralized Silicified Alteration Zone Goose Lake TPK-12-030: 59.6 gpt Au, 92.3 gpt Ag & 3.19% Cu over 0.5m Sericite Schists Little Crying Boy Lake Inversion of Tot
Slide 25: Targeting Big Dam Area – Inversion Data
Targeting Big Dam Area – Inversion Data N-S Mineralized Silicified Alteration Zone Offset GOOSE LAKE TARGET Proposed Phase I Collar (4 holes, 689m total) Proposed Phase II Collars (5 holes, 5 collars, 790m total) NOTE: Collar placement dependant results, Phase I N-S Mineralized Silicified Alteration
Slide 26: Annex Area: Gold in Till
Annex Area: Gold in Till > Gold-Mineralized Boulder Trains: – Keely Lake gold grain-in-till dispersal corridor (3.5 km wide, 13.5 km in length). – Data suggests more than one source. – Mineralized, large, tabular boulders returning assay values as high as 727 g/t gold, 111 g/t silver, and 4.05 % cop
Slide 27: Annex: Planned Drilling
Annex: Planned Drilling > One discovery follow- up area + three target areas defined: – Terminus of the Keeley Lake gold grains train. – Au- Ag targets associated with a basalt- andesite/ quartz diorite- monzogranite contact. – Au- Cu target associated with a dolerite- diorite- gabbro/ quartz- diori
Slide 28: Annex – Diamond Drill Core
Annex – Diamond Drill Core 0.01 g/t + 1.93 g/t + 20.80 g/t 0.15 g/t + 0.13 g/t 0.32 g/t + 2.67 g/t + 0.01 g/t NG-12-003C: 4.62g/t Au over 5.5m. Quartz Vein at contact of diorite/mafic unit contact. 41.50 g/t Au over 0.6m 4.62g/t Au over 5.5m N Planned DDH 4.62g/t Au 41.50 g/t Au over 5.5m over 0.6m
Slide 29: "Blue Sky" District Scale Opportunity- Big Dam Extension
“Blue Sky” District Scale Opportunity- Big Dam Extension > One discovery follow- up area and three target areas defined: – Extension of the Big Dam Area- 29 km to the West. – 35 km system. > Extension of the gold- bearing shear zone: – Distribution of anomalous gold grains. – Distribution of anomalo
Slide 30: "Blue Sky" District Scale Opportunity- New Growth Targeting
“Blue Sky” District Scale Opportunity- New Growth Targeting > Target selection: – Structural interpretation from proprietary high resolution, airborne magnetic data. – 14 targets selected- none ever prospected, drilled. > Prospecting/mapping + additional till sampling planned in Year 2. 30 TSX.V: ON
Slide 31: Progress Over Time – TPK Project
Progress Over Time – TPK Project • Northern Superior initially exploring region for diamonds. 16 diamond drill holes, 1,453m. • Realizes significant potential for gold mineralization and switches focus 2002-2007 • Three till-sampling and drilling campaigns to appreciate the scale of the system (6 x
Slide 32: Appendix II: Rapson Bay
Appendix II: Rapson Bay 32 32
Slide 33: Rapson Bay Magnetics and Known Mineral Occurences
Rapson Bay Magnetics and Known Mineral Occurences www.canterraminerals.com 33