1911 Gold Corp. · TSXV:AUMB
1911 Gold — Technical Presentation (February 2026)
42 slides from 1911 Gold's technical presentation, Feb 10, 2026
Slide 1: True North Gold Project PEA Webinar
TRUE NORTH GOLD PROJECT PEA WEBINAR FEBRUARY 10, 2026
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Disclaimer The information provided in this presentation is not intended to be a comprehensive review of all matters concerning 1911 Gold Corporation ("1911 Gold" or, the "Company") and should be read in conjunction with all other disclosure documents of the Company available o
Slide 3: On the Call Today
ON THE CALL TODAY Gary O’Connor Shaun Heinrichs Éric Vinet Executive Chairman President and CEO COO Michele Della Libera Suzette Ramcharan VP Exploration VP Investor Relations 3
Slide 4: Our Location: Manitoba, Canada
OUR LOCATION: MANITOBA, CANADA Snow Lake Belt Apex 100% (Au, Li) Mining Friendly, Tier 1 Jurisdiction • Pro-development Province of Manitoba • Strong provincial support and funding Abitibi Belt (Timmins) Manitoba Skilled Labour & Suppliers • Significant local workforce • Readily available local serv
Slide 5: True North Complex (Vrify Slides)
TRUE NORTH COMPLEX (VRIFY SLIDES) 5
Slide 6: True North Surface Infrastructure (Vrify Slides)
TRUE NORTH SURFACE INFRASTRUCTURE (VRIFY SLIDES) 6
Slide 7: True North Camp Infrastructure (Vrify Slides)
TRUE NORTH CAMP INFRASTRUCTURE (VRIFY SLIDES) 7
Slide 8: True North PEA: Highlights
TRUE NORTH PEA: HIGHLIGHTS The 2026 True North PEA outlines a foundational mine plan based on the 2024 Mineral Resource Estimate: Indicated Resources 499koz (3.5Mt @ 4.41 g/t Au) & Inferred Resources 644koz (5.5Mt @ 3.65 g/t Au) Significant Upside Strong After-Tax Economics* (Base Case - US$3,000/oz
Slide 9: True North PEA: Overview
TRUE NORTH PEA: OVERVIEW Key advantages are existing, permitted infrastructure and timeline to production Exchange Rate (CDN:USD): 1.39 Base Case Spot Prices PROJECT ECONOMICS Units Pre-Tax Post-Tax Post Tax Gold Price US$/oz US$3,000 US$3,000 US$4,800 Initial Capital Expenditures (“Capex”) $M $59 $
Slide 10: True North PEA: Highly Leveraged to a Rising Gold Price
TRUE NORTH PEA: HIGHLY LEVERAGED TO A RISING GOLD PRICE The sensitivity analysis revealed that the project is most sensitive to changes in gold prices, and foreign exchange and less sensitive to changes in capital and operating costs Long-term After-Tax Sensitivity Summary (Base Case) Gold Price (US
Slide 11: True North PEA: Labour and Economic Impact
TRUE NORTH PEA: LABOUR AND ECONOMIC IMPACT Leveraging a highly experienced site leadership team that continues to attract top-tier technical talent to grow our workforce, while fostering a culture rooted in SAFETY, RESPONSIBILITY and OPERATIONAL EXCELLENCE KEY POSITIONS FILLED JOBS CREATION ECONOMIC
Slide 12: 2024 MRE and Near Mine Exploration Targets
2024 MRE AND NEAR MINE EXPLORATION TARGETS | M ICHELE DELLA LIBERA 12
Slide 13: True North PEA: 2024 Mineral Resource Estimate
TRUE NORTH PEA: 2024 MINERAL RESOURCE ESTIMATE EFFECTIVE DATE: AUGUST 29, 2024 Resource Indicated Inferred Area Tonnage Gold Grade Contained Gold Tonnage Gold Grade Contained Gold (Name) (t) (g/t) (Oz) (t) ( g/t) (Oz) Cartwright 274,000 3.31 29,000 361,000 3.56 41,000 Hinge 247,000 4.27 34,000 156,0
Slide 14: True North Current Resources (Vrify Slides)
TRUE NORTH CURRENT RESOURCES (VRIFY SLIDES) 14
Slide 15: True North Current Resources with SAM W Target
TRUE NORTH CURRENT RESOURCES WITH SAM W TARGET (VRIFY SLIDES) 15
Slide 16: True North Current Resources with SAM SE & Shore Targets
TRUE NORTH CURRENT RESOURCES WITH SAM SE & SHORE TARGETS (VRIFY SLIDES) 16
Slide 17: Infrastructure, Costs, Mining, and Production Profile
INFRASTRUCTURE, COSTS, MINING, AND PRODUCTION PROFILE | É RIC VINET 17
Slide 18: Existing Infrastructure & Capital Cost Requirements
TRUE NORTH PEA: EXISTING INFRASTRUCTURE & CAPITAL COST REQUIREMENTS Site Mill Total Capital Costs Infrastructure ▪ Targeted run-rate of up ▪ Permitted TMF constructed in Total Capital Cost Description to 1,350 tpd (PEA 2013 (millions) targeting 1,215 tpd) Mining Development* $333.5 ▪ Operational 150
Slide 19: True North PEA: Operating Costs
TRUE NORTH PEA: OPERATING COSTS Operating Costs (LOM Average) Operating costs have been estimated using the following sources and assumptions: Unit Cost • Mining unit costs have been estimated based Mining costs (underground) $/t milled $175 on AMC benchmark data as well as 2025 quotes and 1911 Gold
Slide 20: True North PEA: Mining
TRUE NORTH PEA: MINING Mining Areas and Projected Production* Access Deposit Tonnes Grade Ounces Shaft/Decline Zone t g/t Au oz 710 Complex 1,163,297 4.67 174,812 Deep East 196,967 4.94 31,309 A Shaft L24 189,780 3.83 23,393 Cartwright 284,082 4.14 37,849 A Shaft Sub-total 1,834,128 4.53 267,363 • M
Slide 21: True North PEA: Mining Methodology
TRUE NORTH PEA: MINING METHODOLOGY The deposits are all amenable to underground mining Mining Method • Longitudinal long-hole open stope mining methods Minimum Dimensions • 25 m long by 1.5 m wide by 18 m high between sublevels Dilution & Mining Recovery • 15% dilution (zero grade applied) • 97% min
Slide 22: Vrify Slide – Underground Development
VRIFY SLIDE – UNDERGROUND DEVELOPMENT 22
Slide 23: Vrify Slide – Underground Development All Deposits
VRIFY SLIDE – UNDERGROUND DEVELOPMENT ALL DEPOSITS 23
Slide 24: Gold Production & Grade Profile
TRUE NORTH PEA: GOLD PRODUCTION & GRADE PROFILE Steady-State Production Rates (years 2029-2034) Peak Production (year 2031) 1,215 tpd at a mill head grade of 4.40 g/t Au Peak grade at 4.70 g/t producing 61,327 oz for average annual production of 58,114 oz Gold Production & Grade Profile 70,000 5.0 6
Slide 25: True North PEA: Processing Facility
TRUE NORTH PEA: PROCESSING FACILITY • Gravity/ float (regrind)/ leach • Ore hardness: 12-14 BMWI (Medium, no hard material) • Electricity: $0.05/kwh • Capacity: 30MW (2-10MW Transformers in place) • Leach: Carbon-in-Pulp (CIP) • 93.5% gold recovery • Produce doré at site 25
Slide 26: True North PEA: Tailings Management Facility (TMF)
TRUE NORTH PEA: TAILINGS MANAGEMENT FACILITY (TMF) Located 1.6 km north of the process plant in an area naturally defined by bedrock ridges around a low flat area • Tailings pumped from the processing plant to the TMF via pipeline • Transported as slurry (34% solids by weight) • East Tailings Manage
Slide 27: Cash Flow, Opportunities, and Timeline to Production
CASH FLOW, OPPORTUNITIES, AND TIMELINE TO PRODUCTION | SHAUN HEINRICHS 27
Slide 28: After-Tax Cashflow Profile
TRUE NORTH PEA: AFTER-TAX CASHFLOW PROFILE Cumulative Free Cash Flow LOM Payback in 2.2 years Base Case of US$3,000/oz Undiscounted Post-Tax Cash Flow Profile (Base Case) 100IRR of 105% 800 $545 M 75 600 Cumulative Free Cash Flow LOM Cumulative cashflow ($M) 50 400 at Assumed Spot Price of Cashflow
Slide 29: True North PEA: Opportunities
TRUE NORTH PEA: OPPORTUNITIES The PEA outlines several initiatives that may enhance the Project including: Processing Capacity: Waste Reduction and Operational Efficiency Opportunities: • Existing Processing Capacity - Additional capacity currently • Integrated Underground Waste Management exists wi
Slide 30: Potential Addition of New Resources from Regional Targets
TRUE NORTH PEA: POTENTIAL ADDITION OF NEW RESOURCES FROM REGIONAL TARGETS First-time consolidation 1911 Controls the Rice Lake Greenstone Belt of the land package consisting of ~62k ha • A number of past producing mines - like Ogama-Rockland (currently being drilled) • Numerous prospective gold occu
Slide 31: Hub and Spoke Opportunity
HUB AND SPOKE OPPORTUNITY: TO SUPPORT PHASE I: Near Mine Exploration Targets +100KOZ OPERATION • NEW TARGETS - SAM W, SAM SE, Shore Target • Resource expansion potential • Cartwright • Hinge, Cohiba, 007, SG1 (ramp access mines) PHASE II: High-Priority Regional Targets • Ogama-Rockland – DRILLING CO
Slide 32: Path to Production
ANZ ‘vad | SBINNY ?XO9.10 | BIN ‘AXSL nA MRE & Economic Studies Surface Exploration Drilling PATH TO PRODUCTION PEA Update MRE for Global MRE Update, Commence PFS. PEA on Ww Ogama-Rockland True North discoveries & Ogama-Rockland Ogama-Rockland; SAM W, SAM SE & Shore Ogama Rockland, Targets Central M
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Slide 34: Resource Estimate: Sensitivity by Gold Grade
RESOURCE ESTIMATE: SENSITIVITY BY GOLD GRADE True North Resource Update Sensitivity Grade Indicated Inferred Gold Grade Tonnage Gold Grade Contained Gold Tonnage Gold Grade Contained Gold (g/t) (t) (g/t) (oz) (t) (g/t) (oz) 2.00 2,781,000 5.23 468,000 4,852,000 3.96 618,000 2.25 2,530,000 5.54 451,0
Slide 35: True North Gold Project: Resource Target Areas
TRUE NORTH GOLD PROJECT: RESOURCE TARGET AREAS True North Project Geology ▪ Centrally located within the Rice Lake Geological Setting Greenstone Belt ▪ Archean orogenic gold deposit, north dipping and extending at depth ▪ Gold mineralization associated with: ▪ ▪ ▪ Historical drilling focused on only
Slide 36: True North Mine Complex: Mine Infrastructure
TRUE NORTH MINE COMPLEX: MINE INFRASTRUCTURE Prolific Gold Producer ▪ Historically produced +40Koz per annum for 50 years ▪ 1.1 Moz gold resource adjacent to existing infrastructure ▪ Significant mineralized intercepts outside of current resource wireframes ▪ Parallel untested structures/host rocks
Slide 37: True North Gold Project: New Targets
TRUE NORTH GOLD PROJECT: NEW TARGETS Potential Extension of New Targets New Discoveries Extend At Depth ▪ Untested potential at depth on both surface discoveries ▪ Hosted within the San Antonio Gabbro Unit ▪ Completed drill testing shallow targets from surface ▪ Started to drill test depth extension
Slide 38: Ogama-Rockland Gold Deposit
OGAMA-ROCKLAND GOLD DEPOSIT ▪ 27km by road from True North mine and mill complex ▪ Ogama-Rockland – 45,000oz production (11.20 g/t Au) with current NI 43-101 resource: 337,000 oz Gold (8.17 g/t Au)* Highlights of Drill Program – Drilling Commenced Dec-2025: ▪ 2,200 m of surface diamond drilling plan
Slide 39: Resolving Legacy Issues
RESOLVING LEGACY ISSUES Historical Issues Path to Optimizing the Operations ▪ Inadequate Mining Methods: bulk tonnage (>3 m) long-hole ▪ Optimize Mining Methods: Fit the mining method to the open stope mining (Up to 500% in grade dilution) orebody characteristics (long hole, sub-level up/down hole,
Slide 40: Strategic Asset
Strategic Asset Fully Permitted Significant Asset Value Centralized Processing Facility 1,300 +$400 million Hub and Spoke Operation tonnes per day replacement cost Multiple potential ore sources within trucking mill and mine site infrastructure reduced timeline from discovery to production distance
Slide 41: 1911 Gold: ESG & Sustainability
1911 GOLD: ESG & SUSTAINABILITY On the Right Track Social Responsibility Environmental Responsibility ▪ Fully permitted ▪ Renewable Electricity Low carbon 100% Opportunity to ▪ Over 90% of the work force locally based electrify entire footprint hydro-electric ▪ Major employer of First Nations operat
Slide 42: Contact Us
Contact Us 1911 Gold Corporation Suite 1050, 400 Burrard Street Vancouver, BC V6C 3A6, Canada Suzette Ramcharan VP, Investor Relations 647-284-5315 ir@1911gold.com 1911Gold.com TSX-V: AUMB | OTCQX: AUMBF | FRA: 2KY