Slide 1: Rediscovering Japan's Gold Resources
REDISCOVERING JAPAN’S GOLD RESOURCES TSXV | JG OTCQB | JGLDF JULY 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the British Columbia Securities Act. These statements relate to future events or the Company's future performance. All statements, other than statements o
Slide 3: Exploring for High Grade Epithermal Gold Deposits in Japan
EXPLORING FOR HIGH GRADE EPITHERMAL GOLD DEPOSITS IN JAPAN Japan Gold is a Canadian publicly traded company focused on the exploration for high-grade gold deposits in Japan. Japan Gold’s technical capability and extensive portfolio of properties prospective for high-grade epithermal gold mineralizat
Slide 4: Investment Thesis
INVESTMENT THESIS • FIRST MOVER • NEW FRONTIER FOR GOLD EXPLORATION • DEMONSTRATED HIGH GRADE GOLD POTENTIAL • DE-RISKED OPPORTUNITY •• WORLD CLASS TEAM • DISTRICT SCALE PORTFOLIO • NEW SEARCH SPACE • ACTIVELY DRILLING FOR DISCOVERIES 44 TSXV TSXV||JG JG OTCQB OTCQB || JGLDF JGLDF
Slide 5: Why Japan?
WHY JAPAN? • SAFE JURISDICTION • HISTORY OF HIGH-GRADE GOLD MINING • UNDER EXPLORED WITH MODERN METHODS • LOW CAPEX POTENTIAL • SIGNIFICANT INFRASTRUCTURE • MINING FRIENDLY REGIME 55 TSXV TSXV||JG JG OTCQB OTCQB || JGLDF JGLDF
Slide 6: Rich History of Gold Mining
RICH HISTORY OF GOLD MINING 500 YEARS OF GOLD MINING PRE-WWII 76 GOLD PRODUCING MINES: ➢ SADO MINE – 2.5 Moz ➢ KONOMAI MINE– 2.35 Moz ➢ KUSHIKINO MINE– 1.8 Moz ➢ TAIO MINE – 1.2 Moz ➢ TAKATAMA MINE – 930,000 oz ➢ YAMAGANO MINE – 910,000 oz WWII GOVERNMENT CLOSURES POST WWII: LIMITED PRODUCTION 66 TS
Slide 7: 1981: Concealed Ore Body Discovered, Kyushu Island
1981: CONCEALED ORE BODY DISCOVERED KYUSHU ISLAND Sumitomo Metal Mining Co., Ltd. Hishikari Mine DISCOVERY OF HISHIKARI DEPOSIT 15 centimeters of 200 g/t Au at 200m 1985: HISHIKARI MINE BEGINS PRODUCTION 14 Moz Au DEPOSIT 9 Moz MINED1 (1985-2024) +30 g/t Au SHALLOW UNDERGROUND MINE LOW ENVIRONMENTAL
Slide 8: Compelling Economics for Mine Development
COMPELLING ECONOMICS Toyo Smelter & Refinery in Japan FOR MINE DEVELOPMENT Japanese epithermal projects provide silica/flux for domestic smelters, offering compelling economic model Japanese base metal smelters Directly shipping silica-rich gold import raw materials to Japan ore to a smelter reduces
Slide 9: Japan Welcomes Exploration
JAPAN WELCOMES EXPLORATION 2012 • MINING ACT CHANGES – ALLOW FOREIGN EXPLORATION 2016 - 2025 • AS THE FIRST MOVER, JAPAN GOLD SECURES LARGEST LAND PACKAGE • ~2,500 SQ KM OF HIGHLY PROSPECTIVE GROUND SURROUNDING PAST MINES AND THE HISHIKARI MINE • SYSTEMATIC EXPLORATION DATA COLLECTION • ACTIVE DRILL
Slide 10: De-Risked Opportunity
DE-RISKED OPPORTUNITY TSXV | JG OTCQB | JGLDF 10 10 TSXV||JG TSXV JG OTCQB OTCQB || JGLDF JGLDF
Slide 11: Non-Dilutive Funding: Osisko Gold Royalties, Barrick Alliance
NON-DILUTIVE FUNDING OSISKO GOLD ROYALTIES BARRICK ALLIANCE Royalty Sale Terms Target Projects with Potential US$5M FOR 1.5% NET SMELTER RETURN ROYALTY for Tier 1 or Tier 2 Discovery Property portfolio in Japan, excluding Barrick FULLY FUNDED EXPLORATION Alliance projects Barrick Alliance advancing
Slide 12: Share Structure
SHARE STRUCTURE OWNERSHIP 278,854,217 Shares Issued & Outstanding INSTITUTIONS 63% & FUNDS 9,060,000 PUBLIC 26% Options FLOAT NEWMONT 8% 14,096,297 MANAGEMENT 3% & INSIDERS Restricted Share Units 2,000,000 Warrants Royalty Sale Barrick Alliance Non-Dilutive Funding Non-Dilutive Funding 304,010,514 U
Slide 13: Proven Management and Board of Directors
PROVEN MANAGEMENT AND BOARD OF DIRECTORS CEO COO CFO GM VP Corp Senior Technical VP Exploration Chairman Director Administration Communications Advisor John Proust Takashi Kuriyama Vince Boon Jason Letto Masanao Kusui Fraser Alexia Helgason 40 years as EVP 21 years with Vale, track 18 years in indus
Slide 14: Japan Gold Strategy
JAPAN GOLD STRATEGY Japan Gold – Project Generator • Large land package within key gold districts • Portfolio of high-quality projects • Permitting expertise • In-house drilling capabilities • Accelerating projects to drill stage targets • Seeking partners to advance drill prospects Partner Funded E
Slide 15: Discovery Driven Exploration Model
DISCOVERY DRIVEN EXPLORATION MODEL Target Approach Redefined Portfolio High Grade Epithermal Deposits Deeper Exploration Focused Pipeline • Target Size: +1Moz Au @ 7g/t • Searching for new mineralized • Resources concentrated on smaller structures within the shadow high potential project pipeline •
Slide 16: 2025 Active Exploration Drilling Underway
2025 ACTIVE EXPLORATION Hokkaido DRILLING UNDERWAY TOGI Sado Mine Barrick 2.5Moz Au Konomai Mine 2.35Moz Au Alliance 1601-1989 1915-1973 HAKURYU Barrick Taio Mine Alliance 1.2Moz Au 1903-1973 Hishikari Mine 9Moz Au 1985-present Honshu Kushikino EBINO Mine 1.8Moz Barrick 1914-1974 Alliance Kyushu MIZ
Slide 17: Unlocking District Scale Exploration Potential in Kyushu
Unlocking District Scale Exploration Potential in Kyushu 17 TSXV | JG OTCQB | JGLDF
Slide 18: Kyushu Focus
KYUSHU FOCUS Hokusatsu Region - Japan’s premier epithermal district • Hishikari Mine - 14Moz Au, one of the world’s highest gold grade mines, largely a blind deposit • Yamagano Mine – 0.9Moz Au • Kushikino Mine – 1.8Moz Au • New search space, targeting for hidden and buried epithermal vein systems P
Slide 19: Barrick Alliance: Ebino Project Tenement Area
BARRICK ALLIANCE: EBINO PROJECT TENEMENT AREA BARRICK ALLIANCE: EBINO PROJECT 1919 TSXV | JG OTCQB | JGLDF Source: Sumitomo Metal Mining Co., Integrated Report, 2nd August 2024
Slide 20: Ebino Drill Program
EBINO DRILL PROGRAM Otsuka Prospect: 2 targets KZ Prospect: 1 target 3 Drill Holes Completed July 2025 Results anticipated August 2025 20 TSXV | JG OTCQB | JGLDF
Slide 21: NW Trending Alteration Corridor Tobaru–Ebino
NW TRENDING ALTERATION CORRIDOR TOBARU– EBINO • 4 zones of epithermal related clay alteration situated on a major northwest trending gravity gradient. Limited historic drilling– early-stage targets • Highly prospective corridor as the higher- grade veins systems at Hishikari, Okuchi and Fuke sit out
Slide 22: Mizobe: Emerging Undercover Prospect – Multiple Targets
MIZOBE: EMERGING UNDERCOVER PROSPECT – MULTIPLE TARGETS PROOF OF CONCEPT • Initial drilling has confirmed the presence of broad zones of Au – As MZDD23-003 – Sb mineralization sitting below 144.00 m @ 0.7 g/t Au (incl. 16.00 m @ 2.8 g/t Au) MZDD23-004 post mineralization cover 33.55 m @ 0.6 g/t Au (
Slide 23: Japan Gold Middle Kyushu: Bajo
JAPAN GOLD MIDDLE KYUSHU: BAJO Centered on the Bajo Mine District which produced 421Koz Au, with 317Koz Au @ 125.9g/t Au and 557g/t Ag derived from a single vein Priority Targets: • SW Extensions of the Bajo Veins • Bajo West Mineralized Zone Next phase of exploration: • Drill target definition Saga
Slide 24: Barrick Alliance Hokkaido: Hakuryu
BARRICK ALLIANCE HOKKAIDO: HAKURYU Located at the southern end of the Konomai Epithermal Au – Ag Mine District • Produced 2.35Moz Au • Avg grade of 6.4 g/t • Production 1915-1973 24 24 TSXV | JG OTCQB | JGLDF
Slide 25: Hakuryu Drill Program Results
HAKURYU DRILL PROGRAM RESULTS 24.1 g/t Au over 0.6 metres & continuity 3-hole, 568 metre initial drill program May 2025 of mineralization along 145-metre strike 25 TSXV | JG OTCQB | JGLDF
Slide 26: Japan Gold Hokkaido: Ikutahara/Kanehana
JAPAN GOLD HOKKAIDO: IKUTAHARA/KANEHANA Priority Targets: • District-scale exploration • 3 priority prospect areas • Over 30 historic mines and workings, Ikutahara Project Prospects: closed by the government in 1943 • Saroma- Jomon • 20x25 km district • Kitano-Showa • Ryuo Ryuo Prospect - 20 holes d
Slide 27: Barrick Alliance Honshu: Togi
BARRICK ALLIANCE HONSHU: TOGI Located on the Noto Peninsula, Honshu Island, centred on the historic Togi Mine Priority Target: • Akasaka target • Initial drilling completed totalling 968.2 metres • Confirmed well-preserved gold bearing system below shallow cover, extending 1 km from known workings,
Slide 28: Active Exploration Pipeline
ACTIVE EXPLORATION PIPELINE 2025/26 Strategy Advance at least one target into this zone Advanced Barrick Alliance Drill Target Drill Targets Ebino Togi Hakuryu Drill Mizobe Saroma- Testing Jomon Japan Gold Drill Targets Bajo Ikutahara - Showa Target Definition Tobaru-Fuke North Taio Kanehana Hokusat
Slide 29: 2025 Forward Program
2025 FORWARD PROGRAM Barrick Alliance • Drill tested 3 Prospects • 2,000m drilling • Fully funded programs Japan Gold • Drill testing 1 Project area Q4 2025 • 3-5 drill holes • Target generation work: o Southern Kyushu o Middle Kyushu o Hokkaido • Fully funded programs 29 TSXV | JG OTCQB | JGLDF
Slide 30: Why Invest in Japan Gold?
WHY INVEST IN JAPAN GOLD? Unique exploration opportunity to unlock high grade epithermal gold deposits Low geopolitical risk New search space World Class team with stable mining with focused with a proven track regulatory regime and approach to record of government support discoveries discoveries Ri
Slide 31: Follow Us On: @JapanGold
Corporate Office Suite 650 - 669 Howe Street Vancouver, BC V6C 0B4 Canada Phone: +1 (778) 725-1491 Alexia Helgason VP Corporate Communication Email: ahelgason@japangold.com Tokyo Office ARK Hills Executive Tower, Suite 801 1-14-5 Akasaka, Minato-ku Tokyo, Japan 31 31 31 TSXV || JG TSXV JG OTCQB OTCQ