Paramount Gold Nevada Corp. · AMEX:PZG

Paramount Gold Nevada — Investor Presentation (October 2023)

19 slides from Paramount Gold Nevada's investor presentation, October 2023

  1. Slide 1: Corporate Presentation

    Corporate Presentation October 2023

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation only may include "forward-looking statements" and “forward-looking information” (collectively, “forward-looking statements”) pursuant to applicable United States and Canadian securities laws. Paramount’s future expectations, beliefs, goals, plans or prosp

  3. Slide 3: Who is Paramount Gold Nevada?

    Who is Paramount Gold Nevada? • Over 4 million ounces of total gold resources • Assets in Oregon and Nevada • Cash & Prepaid expenses (June 30, 2023) ~$2.3 M • ~$1.1M added subsequent to quarter end • Major shareholders own ~30% (FCMI, Delbrook Capital, Seabridge Gold, Ausenco, and insiders) 3 NOTE:

  4. Slide 4: Sprott Financing

    Sprott Financing • Secured $15 million term sheet for a Royalty Convertible Note • Funds available on receipt of Notice to Proceed from DOGAMI • Interest of 10% per annum payable in cash or shares • Buy back option for 50% of the Royalty • Strong support from large industry investor • Use of Proceed

  5. Slide 5: Grassy Mountain Location: Eastern Oregon

    Grassy Mountain Location: Eastern Oregon  20 miles S of Vale Aerial view of Grassy Mountain in underdeveloped eastern  30 miles SSW of Ontario Oregon  70 miles West of Boise 5

  6. Slide 6: Grassy Mountain: Feasibility Study

    Grassy Mountain: Feasibility Study – Completed Sept. 2022 • P&P Reserves – 380,000 ozs of Au at ~ 6.8 g/T Au • Total M&I Resources of ~1 million ounces • 750 tpd milling operation / CIL recovery (~93% Au & ~78% Ag) • Production of 47,000 oz of Au and 55,000 oz of Ag • Initial CapEx of $136 Million (

  7. Slide 7: Grassy Mountain: Feasibility Study - Post Tax Economics

    Grassy Mountain: Feasibility Study - Post Tax Economics Base Case Current Case Upside Case Gold Price ($/oz) $1,750 $1,900 $2,100 Silver Price ($/oz) $22 $24 $26 Cash Operating Cost Per Au Ounce* $681 $681 $681 AISC / oz of Au (includes all capital)** $815 $815 $815 Internal Rate of Return 23 % 27 %

  8. Slide 8: Grassy Mountain Deposit

    Grassy Mountain Deposit Elevation (ft.) 3800 3600 3400 3200 3000 200 ft 8

  9. Slide 9: Grassy Mountain: Permitting in Oregon

    Grassy Mountain: Permitting in Oregon On track to become Oregon's 1st modern day mine • State laws have been in place since 1991 • Well defined, time-based State permitting process • State and Federal permit applications progressing COMPLETENESS NOTICE TO ENVIRONMENTAL DRAFT FINAL DETERMINATION EVAL

  10. Slide 10: Grassy Mountain: Progression since Acquisition

    Grassy Mountain: Progression since Acquisition 2016 • ACQUIRED FOR ~$10 PER OUNCE OF GOLD 2017 • PFS LEVEL DRILLING (resource, water wells, & geotechnical) 2018 • PFS COMPLETED | BDR APPROVALS 2019 • RECEIVES COUNTY PERMIT | INITIATES FEASIBILITY | INITIAL STATE PERMIT SUBMISSION 2020 • POSITIVE FS

  11. Slide 11: Frost Project

    Frost Project  Initial drill program complete Drill holes testing mag  5 ft. of 14.4 g/t Au anomalies &  70 ft. of 1.04 g/t Au structures  Air-mag, CSAMT & initial drill Drill holes testing alterations & program confirm gold system structures and/or mag anomalies  Historic assays up to 25 g/T D

  12. Slide 12: Sleeper Gold – Northern Nevada

    Sleeper Gold – Northern Nevada Former High-Grade Producer of 1.7 million ounces at average head grade of ~7 g/t gold form 1986-96 12

  13. Slide 13: Sleeper Gold: Initial Resource & Development Plans

    Sleeper Gold: Initial Resource & Development Plans Au Au Ag Ag Tonnes Grade (000’s Grade (000’s (000’s) (g/T) ozs) (g/T) ozs) Measured 4,902 0.537 85 3.61 570 Indicated 158,337 0.356 1,812 4.06 20,661 Inferred 119,909 0.315 1,214 2.45 9,454 Source: S-K 1300 Technical Report Summary Initial Assessmen

  14. Slide 14: Sleeper Gold – Historic Drilling

    Sleeper Gold – Historic Drilling • Data from over 300,000 blast holes • Over 4,000 drill holes (pre-PZG ) • PZG drilled 75 Core and RC holes • 65 RC holes drilled to test waste dumps (PZG) • 9 sonic drill holes at Waste Dumps 14

  15. Slide 15: Bald Peak, Mineral County, Nevada

    Bald Peak, Mineral County, Nevada  Low initial capital with option to acquire 100%  Parallel structure to former producing gold mines  Minimal spend to advance to drill program 15

  16. Slide 16: Bald Peak, Mineral County, Nevada

    Bald Peak, Mineral County, Nevada  Surface samples avg. 2.62g/T and up to 10.85 g/T gold with all 44- intersecting gold  CSAMT identifies anomalies that coincide with sampling  Permitted with drill ready program 16

  17. Slide 17: Management

    Experienced Team Rudi Fronk (Chairman) Rachel Goldman Chairman & CEO of Seabridge Gold CEO & Director Christopher Reynolds CFO of Seabridge Gold Management Directors Glen Van Treek Eliseo Gonzalez-Urien President & COO, Director Professional Geologist John Carden Professional Geologist Carlo Buffone

  18. Slide 18: Capital Structure & Research Coverage

    Capital Structure & Research Coverage Market Cap ~$18 MM Institutional ~20% | Insider ~10% | Retail ~70% Alliance Global Partners Jake Sekelsky S/O ~59MM (fd ~66 MM*) 12-mth target: $1.75 ADTV ~135k shares EV/Resources < $5.00/oz NOTE: All market data as of October 4, 2023 share price $ 0.30 Market

  19. Slide 19: Investor Relations

    INVESTOR RELATIONS Christos Theodossiou Director of Corporate Communications 1.844.488.2233 | ctheo@paramountnevada.com Follow us on:

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