Maple Gold Mines Ltd · TSXV:MGM

Maple Gold Mines — Investor Presentation (December 2020)

34 slides from Maple Gold Mines's investor presentation, Dec 1, 2020

  1. Slide 1: Corporate Presentation - November 2020

    Corporate Presentation - November 2020

  2. Slide 2: Cautionary Notes Regarding Forward-Looking Statements

    Cautionary Notes Regarding Forward-Looking Statements This Corporate Presentation (“Presentation”) includes “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation, Sect

  3. Slide 3: Premier Quebec Abitibi Late-Stage Gold Exploration Company

    1) PREMIER QUEBEC ABITIBI LATE-STAGE GOLD EXPLORATION COMPANY 2) STRONG PARTNERSHIP WITH TOP GOLD PRODUCER IN QUEBEC & CANADA 3) EXCEPTIONAL TARGETS IN THE SHADOW OF GIANTS 4) FULLY FUNDED TO EXECUTE ON MULTIPLE STRATEGIC INITIATIVES 3

  4. Slide 4: Quebec: second largest Canadian gold producing province

     2nd largest Canadian gold producing province: 35% of total production in 2019 (9 mines @ 1.5Moz).*  Top Mining Jurisdiction: Consistently ranked top 10 global mining jurisdiction.**  Low-Cost Exploration: Significant technical service infrastructure with large number of drill companies with comp

  5. Slide 5: Abitibi Greenstone Gold Belt

    ABITIBI GREENSTONE Detour Lake (Kirkland Lake): GOLD BELT • 15.8Moz @ 0.97g/t Au • Largest Canadian gold mine in Q1/2020* • 2019 Production: 601,566 oz Canadian Malartic (Agnico/Yamana): • 12Moz @ 0.96 g/t Au • 2nd largest Canadian gold mine in Q1/2020* • 2019 Production: 669,192 oz Casa Berardi (He

  6. Slide 6: Douay Project Property Map

     200 km north of Val d’Or and 55 km SW of Matagami with skilled labour and local airport. Douay  Accessible via 2-lane provincial Project highway; adjacent to high-voltage power lines. (past producer)  669 claims covering 357 km2 -- (past MGM holds 100% interest in 637 producer) claims covering ~

  7. Slide 7: Douay project history and recent work

     Staked by Inco in 1976; later explored by SOQUEM, Aurizon and Vior. Aurizon built mining infrastructure in 1990s targeting a higher-grade zone but relinquished option due to capital constraints and low gold price (~$300/Oz).  Vior outlined large bulk tonnage potential at project with discovery of

  8. Slide 8: Track Record of Discovery, Exploration, Financing & Marketing Success

    Track Record of Discovery, Exploration, Financing & Marketing Success  10+ years Executive VP for Ivanhoe Mines and Managing Director for Ivanhoe Capital Corp. Matthew Hornor  Structured partnerships and negotiated project/equity financings valued at over $450 Million President & CEO, Director  F

  9. Slide 9: Renowned Mining Executives, Expert Geologists & Corporate Finance Strategists

    Renowned Mining Executives, Expert Geologists & Corporate Finance Strategists Maurice • VP, Mining Operations for Wheaton Precious Metals • Former Executive VP, Exploration with Ivanplats Ltd. (now Tagami since July, 2012 David Ivanhoe Mines) for 8 years Director & • Metallurgical Engineer with 35+

  10. Slide 10: Strong Partnership with Top Gold Producer in Quebec & Canada

    STRONG PARTNERSHIP WITH TOP GOLD PRODUCER IN QUEBEC & CANADA 10

  11. Slide 11: Maple Gold and Agnico Eagle sign binding term sheet for 50/50 joint venture

    October 8, 2020: Maple Gold and Agnico Eagle Mines sign binding term sheet to form 50/50 joint venture. Highlights include: • Agnico to make C$6.2M strategic investment at ~$0.24 per unit. Agnico was previously a 4.4% shareholder having taken a position in the Company’s August 2020 financing. Follow

  12. Slide 12: Strategic partnership focused on exploration in the Abitibi

    The strategic partnership brings together two groups with a common focus on exploration, discovery and development in the Abitibi greenstone belt. • Both Douay and Joutel have multiple styles of overlapping mineralization, including deep controlling structures, which are generally favorable for expl

  13. Slide 13: Joutel Project land package and Telbel mining camp

    • Land package covers 39 km2 directly south of, and adjacent to, Maple Gold’s Douay project. • Following 1958-1959 discovery of Joutel copper-zinc and Poirier VMS deposits, exploration began in the nearby Eagle-Telbel area in 1962. The first gold intercepts were obtained between 1962 and 1964 as a r

  14. Slide 14: JV Funding and Technical Expertise

    JV Funding Agnico will fund a total of C$18 million of JV expenses over a four-year period as outlined below:  C$4 Million by first anniversary of the JV Agreement;  C$8 Million by second anniversary of the JV Agreement;  C$13 Million by third anniversary of the JV Agreement; and  C$18 million b

  15. Slide 15: Benefits of the Agnico Eagle joint venture

    VALIDATION OF THE DOUAY GOLD PROJECT:  The JV represents a vote of confidence from Agnico Eagle – Canada's 2nd largest gold producer and expert in Quebec's Abitibi Gold Belt. ASSET DIVERSIFICATION:  Potential for district play with expanded ~400 km² property package that now includes ground surrou

  16. Slide 16: Exceptional Targets in the Shadow of Giants

    EXCEPTIONAL TARGETS IN THE SHADOW OF GIANTS 16

  17. Slide 17: RPA 2019 NI43-101 Mineral Resource Estimate

     Roscoe Postle Associates Inc. (RPA) used drill results up to October 2019 to compile NI43-101 resource estimate using conservative methodology that excluded resources at depth (published on December 9, 2019).  Mineral resources occur over nine mineralized zones – Douay West, Nika, NW, Porphyry, Z

  18. Slide 18: Resource step-out drill campaign results

    Porphyry Zone Cross Section  Since the December 2019 Resource Estimate, a 14- hole, 4,370-metre resource step-out drill campaign was completed.  11 out of the 14 holes intersected higher-than- deposit average grade gold mineralization, indicating significant resource expansion potential at multipl

  19. Slide 19: Douay West, Western Porphyry and NW zones expected to form key subset

    Douay West, Western Porphyry and NW zones Significant drill gaps of 100s of metres remain expected to form key subset of total contained throughout the 6x2 km resource area. Red ellipses ounces in initial focus for economic analysis & in map below indicate areas where further drill conceptual mine p

  20. Slide 20: Regional target evaluation and IP chargeability corridors

     Target evaluation is ongoing at the property scale in every field program using better models and modern exploration techniques (e.g. AI, 3D modelling and modern IP).  In 2019-2020, two ~3km anomalous chargeability corridors were defined -- Northeast (NE) & South IP targets  Similar targets may

  21. Slide 21: Northeast IP target regional drill program

     Prior to formalization of JV with Agnico, a 3,000-metre regional exploration drill program is underway to test targets detailed through 2019-20 IP work.  Initial focus is on the Northeast IP target – a higher-grade target outside current gold resources.  Target set in similar geological setting

  22. Slide 22: P8 Target defined by IP surveys

     New 1.2 km2 regional exploration target defined by IP surveys in October 2020.  Target is geophysically unlike any other known mineralized zone at Douay for the strength and scale of overlapping chargeability (up to 30 mV/V) and conductivity responses. P8 Target  Target exhibits some geological

  23. Slide 23: AI study identifies new prospective regional targets

     +10 new areas outside of known Artificial Intelligence Gold Prospectivity Map (Nov. 2020) resource have been identified as new prospective regional targets by Artificial Intelligence (AI) study (November 2020).  AI study covered a 128km2 area centered on the resource area.  New targets defined a

  24. Slide 24: Upcoming milestones Q4/2020 to H2/2021

    Q4/2020 H1/2021 H2/2021  Detail new discovery targets  Sign Definitive JV agreement with  Release remaining Winter with IP surveys and AI Study Agnico Eagle program drill results  Announce final Fall 2020 drill  3D model and resource  Deliver Strategic Partnership program results optimization

  25. Slide 25: Fall 2020 Drill Campaign Hole Locations

    FALL 2020 DRILL CAMPAIGN HOLE LOCATIONS MAPLE. WT @ Sites drilled @ Sites in progress/pending INPUT EM Conductors Major Structures (Drilled/Pending) : P8 Target TSX.V: | oTCQB: Fall 2020 Drill Campaign Hole Locations

  26. Slide 26: Fully Funded to Execute on Multiple Strategic Initiatives

    FULLY FUNDED TO EXECUTE ON MULTIPLE STRATEGIC INITIATIVES 26

  27. Slide 27: Share Ownership Mix

    As of November 30, 2020 Shares Outstanding 293,267,848 Share Ownership Mix Warrants1 56,871,971 Options2 22,730,100 4.5% Fully Diluted 372,869,919 Management/Insiders 52-week high/low share price $0.56-$0.04 12.8% /Closely Related Market Capitalization C$107.0 Million Agnico Eagle Mines Avg. trading

  28. Slide 28: Exceptional Jurisdiction, Established Gold Resource, Strong Management

    EXCEPTIONAL JURISDICTION & LOCATION  Quebec: 2nd largest gold producer in Canada in 20191  Located in the heart of the prolific Abitibi Greenstone Belt (M&A hotspot)  Major highway/power to the project and skilled labour, rail and airports nearby ESTABLISHED GOLD RESOURCE  Third largest undevelo

  29. Slide 29: New Gold Discoveries, Resource Expansion Potential, World-Class Partner

    NEW GOLD DISCOVERIES RESOURCE EXPANSION POTENTIAL WORLD-CLASS PARTNER FULLY FUNDED ESTABLISHED GOLD RESOURCE Slide 29

  30. Slide 30: Contact details

    Joness Lang, Executive Vice-President Shirley Anthony - Director, Corporate Communications E-mail: jlang@maplegoldmines.com E-mail: santhony@maplegoldmines.com Phone: 778-686-6836 Phone: 778-999-2771

  31. Slide 31: Douay drill history by company

    Cumulative Drill Company Year Drill Holes Total Metres Holes Inco, SOQUEM and Aurizon 1976 to 1999 468 122,906 468 Vior 2004 to 2010 107 32,785 575 Aurvista/MGM 2011 to 2020 256 97,184 831 TOTAL 1976 to 2020 831 252,875 831  Substantial drill core library well-archived at site covering all historic

  32. Slide 32: Mineral Resources at Douay Deposit per Zone

    Mineral Resources at Douay Deposit per Zone as of October 23, 2019 Slide 32

  33. Slide 33: Longitudinal section of underground resource potential

    NW SE DW Zone Nika/NW Zones Porphyry Zone 531 Zone 500m NW-SE longitudinal vertical section view (all zones) showing distribution of below-pit-shell underground blocks above 1 g/t Au cut-off.  Only blocks within reporting shapes (green polygons) formed part of inferred underground mineral resource

  34. Slide 34: 2017 Metlabs metallurgical study

     2017 Metlabs Study: 10 composites (311kg) from different areas of the Douay Resource with average gold content of 1.89 g/t Au were evaluated with direct cyanidation, flotation and gravity recovery methods.  Results were as follows: • Using gravity and flotation, gold recovery to the concentrates

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