Comstock Inc. · AMEX:LODE
Comstock — Comstock Mining — Investor Presentation (October 2020)
21 slides from Comstock's investor presentation, Oct 1, 2020
Slide 1: Creating Clean, Precious Metal Growth Opportunities
Slide 2: Historic, World-Class Production Platform
cOMSTOEK Historic, World-Class Production Platform MINING Mining - Clean Processing - Royalties - Exploration - Resource Expansion - ¥ Nevada-based 5 A gold and silver producer with fully permitted platform = V Permitted infrastructure, with Outstanding Social License! Se & Vv Six miles of continuou
Slide 3: Expanded Organization & Capital Base Positions Growth
COMSTOCK Expanded Organization & Capital Base Positions Growth MINING COMPANY OVERVIEW VALUATION as of 9/30/2020 Company: Comstock Mining Inc. Share Price $1.07 Current Quotation: NYSE American: LODE 52 Week High $2.12 Headquarters: Virginia City, NV 52 Week Low $0.23 Market Cap — Fully Diluted $36.
Slide 4: Our Goal Drives Strategic Value
Our Goal Drives Strategic Value Our goal is to deliver over $500 million of value from our existing, precious metal-based assets and the (#S in millions) Valuation Targets") Low (12/31/20) High (12/31/23+)| Dayton-Spring Valley Mineral Resource Development $150.0 Lucerne Mineral Resource Development
Slide 5: Comstock's Repositioned Balance Sheet
# = COMSTOCK Comstock’s Repositioned Balance Sheet MINING (USS in thousands, except per share data) Pro Forma Estimate Pro Forma Estimate Lucerne and SS Sales (100%) All Asset Sales. Cash and Cash Equivalents ‘Assets Held For Sale and Cash Payments Due Lucerne Properties ") Industrial Land & Water (
Slide 6: Tonogold - Lucerne Mines
Tonogold - Lucerne Mines Annual Subsidies - Production Lease - Development - Royalties Exhibits B & G
Slide 7: Tonogold - Historic Comstock Lode Claims
Tonogold - Historic Comstock Lode Claims MINING COMSTOCK Mineral Lease - Exploration - Royalties TONOGOLD Hk Speier Reports of Potent signee RESOURCES.ING @ Historic Bonanaa Stopes Phase 1 Drill Program Fistor Exploration Ontts/shatts, ete. Comstock Project, Nevada ‘August 2020 B Proposed Drill Hole
Slide 8: Original Magnetic Surveys Led to High-grade Discoveries
Original Magnetic Surveys Led to High-grade Discoveries High Grade Discovery Hole SV09-05 ‘i . At 35ft below surface 30ft/.228 opt Au 15ft/.034 opt Au 60ft/.013 opt Au
Slide 9: Dayton - Spring Valley
Dayton - Spring Valley Magnetic Geophysics Legend 19 200 vipper Pit (CMI Mining Claims: 20 Ae Oey cite CMI Private Ground 430° Avg. 3817 Agau Ratio Deaton. lxploenian Hotes 417 | Percussion Holes (<82" depth) MAG LO ‘SV 12-05 235' Avg. 0.031 opt Au Maa aD MAG HI ‘SV 09-05 % ‘STRUCTURES - Jim Wright
Slide 10: Launching Full Scale, 3D Geophysical Survey at Depth
> oo Fie ts Ree COMSTOCK Launching Full Scale, 3D Geophysical Survey at Depth MINING v Efficiently and effectively enhances and adds to the data on gold and silver resources and our planned drill targets
Slide 11: SRK: Expanded Pit Scenario
oe Sel : ($800 Cut off) ($800 Cut off) Total Tons 6,294,030 ‘Total Tons 6,294,030 Waste Tons 4,657,953 Waste Tons 4,657,953 Strip Ratio. 28 Strip Ratio 28 Ore Tons 1,636,077 Ore Tons 1,636,077 Grade (Gold ounces/ton) 0.050 Grade (Gold ounces/ton) 0.050 Grade (ilver ounces/ton) 0.432 Grade (Silver ou
Slide 12: Established leader in mercury sampling, analysis and reclamation
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive property in the world-class, historic Comstock Mining District and is an established leader in mercury sampling, analysis, and accelerated reclamations, receiving multiple state and federal Reclamation Excellence A
Slide 13: Major Mining & Mercury Reclamation Experience
Slide 14: Major Shaft Sealing & Highway Realignment
Slide 15: Federal Sustainable Mineral Development and Reclamation Awards
ae ‘\eocime 2018 - Federal Sustainable Mineral Development Award OCK 2015, 2017 - Excellence in Mine Reclamation Award MINING
Slide 16: Comstock Mercury Remediation System
Comstock Mercury Remediation System MINING
Slide 17: The MRP is a completely self-contained processing plant
The MRP is a completely self-contained 50 cubic meters per hour, trailer mounted processing plant. The MRP-50 is a very mobile and rugged machine designed to work in small spaces, such as ravines and canyon deposits. The alluvial material is fed directly from the excavator to a Vibrating Feed Hopper
Slide 18: Philippine Mercury Cleanup Project Sets the Global Standard
OCK —~ Philippine Mercury Cleanup Project Sets the Global Standard MINING Largest geographic mercury clean up * Restore the natural health and beauty of the Philippines and its people * Reestablish trust in Philippines’ exports * Create jobs during & long after cleanup (crop and fish farming, safe m
Slide 19: Permitted, De-Risked, Cash Growth
COMSTOCK Permitted, De-Risked, Cash Growth MINING COMSTOCK Lucerne Sale / Lease / Royalty / etc. COMSTOCK Mercury Clean Up Agreement COMSTOCK sierra Springs Opportunity Fund COMSTOCK Close First & Second Phase of Lucerne Sale | | COMSTOCK close on Sale of 98-160 ~ Eliminates DEBT COMSTOCK cu Us. Mer
Slide 20: Forward-looking statements
The information herein and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Alll statements, other than statements of historical fac
Slide 21: Contact
le eens COMSTOCK MINING Corrado De Gasperis Executive Chairman & CEO Tel (775) 847- 4755 questions@comstockmining.com Zach Spencer Director External Relations Tel (775) 847- 5272 Ext. 151 questions@comstockmining.com October 2020
Comstock Mining — Investor Presentation (October 2020) on 6ix