Mcfarlane Lake Mining Limited · CSE:MLM
Mcfarlane Lake Mining — Investor Presentation (May 2026)
29 slides from Mcfarlane Lake Mining's investor presentation, May 2026
Slide 1: Corporate Presentation Q2 2026
PRODUCTION IN THE PRODUCTION IN THE CORPORATE PRESENTATION Q2 2026 CSE: MLM OTCQB: MLMLF FRA: W2Z CSE: MLM OTCQB: MLMLF FRA: W2Z 1
Slide 2: Disclaimer
DIS C L A IM E R DIS C L A IM E R Cautionary Note Regarding Forward-Looking Statements not been verified by any independent source, and the Company has not independently verified any third-party information. While the Company believes such third party information to be generally reliable, such infor
Slide 3: Company overview, vision and mission
McFarlane Lake is a Canadian gold company advancing the large-scale Juby Gold Project in Ontario – a district-scale opportunity with McFarlane Lake is a Canadian gold multi-million-ounce growth potential and a clear path to production. company advancing the large-scale Juby Gold Project in Ontario –
Slide 4: Juby: multi-million-ounce gold project on the path to production
JUBY JUBY Developing a Multi-Million-Ounce Large-scale, High-quality Gold Project on the Path to Production Gold System TIER-1 JURISDICTION, TIER-1 POTENTIAL Ontario’s Abitibi Belt offers premier infrastructure, clear permitting, and proximity to major producers. PROVEN LEADERSHIP & TRACK RECORD AT
Slide 5: Juby is among Ontario's largest gold projects
JU BY IS A MONG O NT ARIO ’S LA RGES T GOLD PRO JECT S TOTAL PROJECT RESOURCE (Moz AuEq)* PROJECT GRADE (g/t AuEq)* 1.00 A Top 10 Development-Stage Gold Project in Ontario 11.0 3.45 1.01 0.74 1.41 ~5.4 Moz MRE** @ US$3,750/oz 0.68 7.0 6.8 6.1 0.73 0.92 5.7 3.59 5.6 0.92 7.20 4.5 4.2 3.9 3.0 2.8 *Bas
Slide 6: Significant value disconnect
SI GN IFICA NT VA LU E DISCO NNECT RELATIVE VALUATION VERSUS DEVELOPMENT PEERS EV / Total Attributable Resource (US$/oz AuEq)* $1 20 $100 $1 00 Based on ~4.2 Moz MRE** @ US$2,500/oz $8 0 $60 $6 0 $51 $47 $41 $38 $4 0 $32 $30 Peer Average: US$45/oz $2 0 $11 $10 $0 Gold X2 Galleon Gold Troilus Banyan
Slide 7: Leadership Team with Proven Development Expertise
Leadership Team with Proven Development Expertise Leadership Team with Proven Development Expertise EX EC U T IV E T EA M Mark Trevisiol Brad Boland Winston Whymark Andrew McLellan President, CEO, Chair of Board CFO, Corporate Secretary Manager Exploration Senior Geologist • 30+ years of experience
Slide 8: Ontario's Abitibi Region mining jurisdiction
ONTAR IO’ SAB ITIB IR EGION ONTAR IO’ S AB ITIB I R EGION MINING Timmins JURISDICTION ONTARIO WORLD-CLASS INFRASTRUCTURE Established roads, power, and skilled labour support year-round exploration and low-cost development. PROVEN GOLD BELT Over 200 million ounces of historical Temiskaming production
Slide 9: MLM Project Portfolio
MLMPROJECTPORTFOL IO MLM PROJECT PORTFOL IO Advancing a 100%-owned portfolio of gold assets in Canada ON T A R I O Michaud/ Munro FL A G S HI P A S S E T Timmins PROJECT • Juby Deposit • Big Dome Deposit • Golden Lake Deposit • Hydro Creek Deposit Sudbury McMIllan/ Mongowan Additional Portfolio Asse
Slide 10: Juby: Project Snapshot
JUB Y :P RO JE C TS N A P S H O T JUB Y : P RO JE C T S N A P S H O T LOCATION Near Gowganda, Ontario, Large-scale, near-surface gold system within the Abitibi Greenstone Belt with flexible pathways to production OWNERSHIP 100% McFarlane Lake STAGE Resource Definition – Completed MRE GEOLOGICAL SETT
Slide 11: Defined gold resources provide a strong foundation for growth
Detail Mineral Resource Estimate DE F I N E D G O L D R E S O U R C E S Detail Mineral Resource Estimate within pit shell + underground shapes Provide a Strong (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Foundation for Growth CUT-OFF GRADE TONNAGE GRADE
Slide 12: Rising gold prices: gold price sensitivities
Gold Price Sensitivities RI S I N G G OL D PR I C E S Gold Price Sensitivities Present Huge (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Value Opportunity GOLD PRICE REVENUE FACTOR (RF) CLASSIFICATION CONSTRAINTS CUT-OFF GRADE (Au g/t) TONNAGE (tonnes) G
Slide 13: High-grade open-pit potential
HIG H - GR AD EO P E N - PITPO T E N T IA L HIG H - GR AD E O P E N - PIT PO T E N T IA L | Conceptual HG Targets @ Juby Main Strategic open-pit starter option supports early production and cash flow generation RESOURCE CONTAINED RESOURCE CONTAINED CUT-OFF AU G/T CUT-OFF AU G/T CLASSIFICATION METAL
Slide 14: In Pit Mineralization + Outside Pit Mineralization
In Pit Mineralization + Outside Pit Mineralization In Pit Mineralization + Outside Pit Mineralization HYD R O C R EE K LE G E N D BI G DOME Pit Shell Isoshell (Au g/t) GOL D EN LA KE >2.00 0.25 – 2.0 JU BY DR I L L I N G H E R E Significant Potential to add more ounces CSE: MLM OTCQB: MLMLF FRA: W2Z
Slide 15: Expanding potential at depth
EX P A N D IN GP O T EN T IA LA TD EP T H EX P A N D IN G P O T EN T IA L A T D EP T H Open at depth with significant upside potential for continued resource growth. Open at depth with significant upside potential for continued resource growth. < 8.7 km > HYD R O CRE E K BI G DOME GOL D EN LA KE JU
Slide 16: Parallel Structures? Might be our best deposit yet
Parallel Structures ? Might be our best deposit yet MO R E G O LD Parallel Structures ? Might be our best deposit yet A | 826 Zone 3.32 g/t over 22.35 m B | Byberg Mining Lease B D C C | Juby Mining Lease PARALLEL STRUCTURES? A D | CSE: MLM OTCQB: MLMLF FRA: W2Z 16
Slide 17: Increasing resources, unlocking value
IN C R E A S IN GR E S O U RC E S ,UN L O C K IN GVA L U E IN C R E A S IN G R E S O U RC E S , UN L O C K IN G VA L U E Systematic drilling and data-driven targeting designed to expand the Juby resource and unlock the project’s full gold potential. ST RA TE GY ST RA TE GY ST RA TE GY Process Unsamp
Slide 18: New Exploration Drill Targets
ST R A T E G ICE X P L O RA T IO NT A R GE T S ST R A T E G IC E X P L O RA T IO N T A R GE T S TA R G E T 1 TA R G E T 2 New Exploration Drill Targets Juby East 2800m of strike length, under cover rocks 826 zone Hole JU-13-137 JU B Y D E P O S I T (3.2 g/t over 22.35 m all within 20 m from surface)
Slide 19: Positioned for major resource growth
PO S IT IO N E D F O R MA J O R R E S O U RC E G RO W T H Juby’s size, geology, and setting provide the foundation for a multi-million-ounce expansion story. Juby’s size, geology, and setting provide the foundation for a multi-million-ounce expansion story. +10Moz MRE GROWTH POTENTIAL* 8Moz Potentia
Slide 20: The Path to Production
TH EP A THTOP R O D U C TIO N TH E P A TH TO P R O D U C TIO N Disciplined, phased approach to development – focused on de-risking each stage and building long-term value. 2025 2026 2026 2027 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q4 • Acquisition and Updated NI • Complete Phase 1 Infill & • Commence Phase 2 Infill &
Slide 21: In Pit Mineralization + Outside Pit Mineralization
In Pit Mineralization + Outside Pit Mineralization In Pit Mineralization + Outside Pit Mineralization Juby bulk sample outcrop – HYD R O C R EE K top of a hill LE G E N D BI G DOME Pit Shell Isoshell (Au g/t) GOL D EN LA KE >2.00 0.25 – 2.0 JU BY CSE: MLM OTCQB: MLMLF FRA: W2Z 21
Slide 22: Concept for extracting bulk sample at Juby
Concept for extracting bulk sample at Juby “excavating hilltop” - potentially HYD R O1 or C R2EE K LE G E N D benches. BI G DOME Pit Shell Approximately 50 m wide x (75-150 m) long X GOL D EN LA KE Isoshell (Au g/t) 5 m in depth >2.00 0.25 – 2.0 JU BY CSE: MLM OTCQB: MLMLF FRA: W2Z 22
Slide 23: Community Engagement & Environmental Stewardship
COMMU NI T YEN G AG EM EN TEN V IR ON MEN T A LS T EWA R D S HI P COMMU NI T Y EN G AG EM EN T & EN V IR ON MEN T A L S T EWA R D S HI P FIRST NATIONS ENGAGEMENT EMPLOYMENT & TRAINING • First Nations companies doing drilling at site • Prioritizing the employment of skilled First Nations talent acros
Slide 24: Capital Structure
CA P IT A LS T RU CT U R E* CA P IT A L S T RU CT U R E* Ownership Structure CSE: MLM | OTC: MLMLF Share Price** C$0.14 15% Market Capitalization C$59.3 million 41% 20% Shares Outstanding 423.5 million Warrants 93.5 million 24% Options 61.1 million Fully Diluted 578.1 million Management & Insiders S
Slide 25: Why Invest: Positioned for Growth
WH YIN V E S T WH Y IN V E S T McFarlane Lake Mining|Positioned for Growth McFarlane Lake Mining | Positioned for Growth NEWLY ACQUIRED, TRANSFORMATIONAL ASSET +90% METALLURGICAL RECOVERIES Recent acquisition of the Juby Gold Project positions Conventional processing with high recoveries provides Mc
Slide 26: Appendix
APPENDIX APPENDIX CSE: MLM OTCQB: MLMLF FRA: W2Z 26
Slide 27: Notes to Mineral Resource Estimate
NO T E ST OM REFO RT AB L E S12 NO T E S T O M RE FO R T AB L E S 1 & 2 Note 1: Mineral Resource Statement Notes 7. The 0.25 g/t Au cut-off for OP and the 1.85 g/t Au cut-off for UG used for reporting is based on the following: 1. CIM definition standards were followed for the resource estimate. a.
Slide 28: Board of Directors
Leadership Team with Proven Development Expertise Leadership Team with Proven Development Expertise BO A R D O F D IR E C T O R S Perry Dellelce Director Amanda Fullerton Director Deborah Battiston Director • Founder & Managing Partner, Wildeboer • VP, Legal & Corporate Secretary, GCM • CPA, ICD.D w
Slide 29: Contact and Investor Relations
Mark Trevisiol, CEO mtrevisiol@mcfarlanelakemining.com Investor Relations investors@mcfarlanelakemining.com CSE: MLM OTCQB: MLMLF FRA: W2Z CSE: MLM OTCQB: MLMLF FRA: W2Z
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