Japan Gold Corp · TSXV:JG
Japan Gold — Investor Presentation (May 2025)
36 slides from Japan Gold's investor presentation, May 2025
Slide 1: Rediscovering Japan's Gold Resources
REDISCOVERING JAPAN’S GOLD RESOURCES TSXV | JG OTCQB | JGLDF MAY 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 • UNDER EXPLORED COUNTRY • 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||JG TSXV JG OTCQB OTCQB||JGLDF J
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| |JG TSXV 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 Ph
Slide 7: 1981: Concealed Ore Body Discovered, Kyushu Island
1981: CONCEALED ORE BODY DISCOVERED KYUSHU ISLAND 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 IMPACT Sumitomo Metal Mining Co., Ltd. Hishika
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 14,210,000 INSTITUTIONS & FUNDS 63% Options PUBLIC (average weighted price C$0.29) 26% FLOAT NEWMONT 8% 13,961,682 MANAGEMENT 3% Restricted Share Units & INSIDERS 307,025,899 Fully Diluted Shares Outstanding Barrick Alliance Royalty S
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 - one of the world’s highest gold grade mines 14Moz Au ore body ➢ Focused on advancing best drill targets to discovery ➢ Rapidly advancing early-stage prospects to drill targets 18 18 TSXV | JG OTCQB | JGLDF
Slide 19: Barrick Alliance Southern Kyushu: Ebino
BARRICK ALLIANCE SOUTHERN KYUSHU: EBINO 19 TSXV | JG OTCQB | JGLDF
Slide 20: Barrick Alliance Southern Kyushu: Ebino
BARRICK ALLIANCE SOUTHERN KYUSHU: EBINO Located immediately to the north of the Hishikari Gold Mine 3 Priority Targets: High-level epithermal alteration zones, potential for high-grade veins • Otsuka • KZ • Masaki Next phase of exploration: • Drill program - spring 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 outb
Slide 22: Exploration Strategy Hokusatsu District
EXPLORATION STRATEGY HOKUSATSU DISTRICT Japan’s premier epithermal gold province Hishikari - 14Moz Au – largely a blind deposit Yamagano – 0.9Moz Au Kushikino – 1.8Moz Au New search space, targeting for hidden and buried epithermal vein systems Targets include: • Mizobe • Ebino • Tobaru-Fuke, Gumyo,
Slide 23: Emerging Undercover Target Mizobe
EMERGING UNDERCOVER TARGET MIZOBE High level Epithermal Alteration • The Mizobe region contains several targets including: • Mizobe East • Mizobe West • OT Small scale Epithermal veins • Mizobe East is the priority target - initial drilling has confirmed the presence of broad zones of Au – As – Sb m
Slide 24: Mizobe - Emerging Undercover Target
MIZOBE -EMERGING UNDERCOVER TARGET • Seven wide space drill holes intersected mineralization, best results o MZDD24 -003 – 144m @ 0.7g/t Au including 10m@ 4.3g/t Au o MZDD23 – 004 - 12m @ 1g/t Au • Highly anomalous As – Sb associated with gold mineralization JGKK: Significant Intercepts • Drilling h
Slide 25: Mizobe – Proof of Concept
MIZOBE – PROOF OF CONCEPT A 25 Next phase of drilling to test 100 – 200m below identified mineralization TSXV | JG OTCQB | JGLDF
Slide 26: Middle Kyushu
MIDDLE KYUSHU Middle Kyushu Bajo Saganoseki Smelter & Refinery Operated by JX Metals Smelting Co., Ltd., group company of JX Nippon Mining & Metals Corporation 26 TSXV | JG OTCQB | JGLDF
Slide 27: Japan Gold Middle Kyushu: Bajo
Outcropping JAPAN GOLD MIDDLE KYUSHU: granite(Basement) BAJO Kifune Target: Bajo Mine West Bajo 420 Koz Au Veins Centered on the Bajo Mine District Hinoji Ohtaka E which produced 421Koz Au, with Ohtaka S Fujiyama 317Koz Au @ 125.9g/t Au and 557g/t D Kunitoku Ag derived from a single vein Hinode Mizu
Slide 28: Barrick Alliance Hokkaido: Hakuryu
BARRICK ALLIANCE HOKKAIDO: HAKURYU 28 TSXV | JG OTCQB | JGLDF
Slide 29: Barrick Alliance Hokkaido: Hakuryu
BARRICK ALLIANCE HOKKAIDO: HAKURYU Located at the southern end of the Konomai Epithermal Au – Ag Mine corridor • Produced 2.35Moz Au • Avg grade of 6.4 g/t • Production 1915-1973 • Targets: • Hakuryu-Kokuryu • Fujishima Hill/Sekizen • SW Yakiyama 29 TSXV | JG OTCQB | JGLDF
Slide 30: Barrick Alliance Hokkaido: Hakuryu
BARRICK ALLIANCE HOKKAIDO: HAKURYU Priority Targets: • Hakuryu No. 3 Workings/Kokuryu ✓ Drone magnetic survey confirmed Hakuryu #3 vein sits within a 5 km long structural corridor, largely untested Drilling Program: • 4 drill holes for a total 700 meters 30 TSXV | JG OTCQB | JGLDF
Slide 31: Barrick Alliance Honshu: Togi
BARRICK ALLIANCE HONSHU: TOGI 31 TSXV | JG OTCQB | JGLDF
Slide 32: 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 2 drill holes to 1,000 meters • Confirmed well-preserved gold bearing system below shallow cover, extending 1 km from known wor
Slide 33: TSXV | JG OTCQB | JGLDF
33 Credit: The Rock Report TSXV | JG OTCQB | JGLDF
Slide 34: 2025 Forward Program
2025 FORWARD PROGRAM Barrick Alliance • Drill testing 3 targets • 2,000m drilling • Fully funded programs Japan Gold • Drill testing 1 target • 3,000m drilling • Target generation work across Hokusatsu District • Fully funded programs 34 TSXV | JG OTCQB | JGLDF
Slide 35: 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 36: 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 36 36 TSXV | JG OTCQB | JGLDF 36 FOLLO