Bulgold Inc · TSXV:ZLTO
Bulgold — Investor Presentation (April 2026)
32 slides from Bulgold's investor presentation, April 2026
Slide 1: BULGOLD Inc.
TSXV: ZLTO BULGOLD Inc. Exploring the European Portion of the Prolifically Endowed Western Tethyan Belt New Discoveries in Old Lands Contact: Sean Hasson President and Chief Executive Officer sean.hasson@BULGOLD.com James Crombie Executive Chairman james.crombie@BULGOLD.com www.BULGOLD.com April 202
Slide 2: Cautionary Note About Forward-Looking Information
Cautionary Note About Forward-Looking Information This presentation contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking information”). Generally, forward-looking information can be id
Slide 3: Corporate Structure (TSXV: ZLTO)
Corporate Structure (TSXV: ZLTO) Founders April 20, 2026 13.1% 12 Month High: $0.11 Directors and 24.0% 7.0% Management 12 Month Low: $0.02 Dundee Corporation Avg. Daily Vol.: 77.5k 9.9% DPM Metals April 20, 2026 Closing: $0.065 36.1% 9.9% HNW Shares o/s: 72,626,013 Diluted shares o/s: 80,491,386 Fl
Slide 4: Why Explore for Quartz-Adularia Epithermal Veins?
Why Explore for Quartz- Adularia Epithermal Veins? • Management expertise and experience with deposit style. • Excellent metallurgy: generally amenable to grinding-flotation (± gravity) to produce high-grade gold concentrates at ≥85% recovery. • Resource to reserve conversion usually expected to be
Slide 5: The Boxes That We Need to Tick
The Boxes That We Need to Tick Important considerations for the exploration of epithermal quartz vein systems: 1) Pedigree and Location. 2) The Vein System to be Drilled. 3) Preservation Potential - What Level in the System? 4) Is Gold Present in the System? 5) Potential Metallurgy? 6) Exploration U
Slide 6: Pedigree and Location
Pedigree and Location • Favourable Location Between Two Large Gold-Silver Epithermal Vein Systems. “Central Slovakia is the home of long and large epithermal vein systems.” • Kremnica Gold Deposit: • Historic production (via gravity): est. 1.6Mozs Au (Finka, 1995). • Current JORC (2012) mineral reso
Slide 7: Lutila Gold Project in Relation to Kremnica
Lutila Gold Project in Relation to Kremnica Kremnica: Significant Intercepts from Underground Drilling 5km • 6m @ 109.82g/t Au, (659 g/m) UGA-18; 1g/t Au cut-off, max. 3m internal dilution Kremnica Mining Licence • 1m @ 584g/t Au, (584 g/m) UGA-16; 1g/t Au cut-off, no internal dilution North East Bl
Slide 8: Kopernica Vein System: The Exploration Toolkit
Kopernica Vein System: The Exploration “Toolkit” Symbol Code Description CVQ Saccharoidal quartz vein (recrystallised chalcedony?) with drusy quartz lined >600mRL cavities, weak banding may be evident, commonly massive; No crustiform- colloform or lattice bladed textures. Sb > 100ppm. SCV Massive cr
Slide 9: Lutila Gold Project: The Kopernica Vein System Discovery
Lutila Gold Project: The Kopernica Vein System Discovery <600mRL >600mRL Andesite • Current surface footprint of Contact 0.55g/t Au 1,000 metres by 500 Outcrop metres. • 700-metre long Main Vein. Main Vein “Old 500m Mine” • Several subvertical hanging wall splay veins connected to the Main Vein. Spl
Slide 10: The Kopernica Vein System: The Gold Window
The Kopernica Vein System: The “Gold Window” N.B. Section line is defined by two blue arrows on the previous slide. 10
Slide 11: Hydrothermal Breccia
0.83g/t Au 0.25g/t Au, 922g/t As 1.18g/t Au 0.67g/t Au Hydrothermal Breccia 0.17g/t Au, 0.33% As 11
Slide 12: Hydrothermal Breccia-Quartz Vein Transition
0.54g/t Au 0.18g/t Au 2.03g/t Au 0.18g/t Au Hydrothermal Breccia-Quartz Vein Transition <0.01g/t Au, 0.48% As 12
Slide 13: Epithermal Quartz Vein
0.62g/t Au 0.81g/t Au 0.76g/t Au 0.34g/t Au 0.76g/t Au Epithermal Quartz Vein 13
Slide 14: Preservation Potential: Excellent
Preservation Potential: Excellent • Surface rocks largely consist of hydrothermal breccias with clasts of epithermal quartz veins dislodged from deeper parts of the vein system. • If sinters were present, then they have now been removed by erosion. • At lower elevations, quartz vein boulders and roc
Slide 15: Gold is Present in the System (North East Block)
Gold is Present in the System (North East Block) • No gold in rock above the 600mRL. BL Kopernica Vein • Gold in rock below the 600mRL. System Vein System • Minor gold in deep drill holes. • n = 1,252 samples (23% ≥ 0.1g/t Au). 3,000m All surface rock and drill core locations.
Slide 16: Potential Metallurgy (Based on Kremnica)
Potential Metallurgy (Based on Kremnica) • “A program of metallurgical test work was carried out by Process Research Associates (PRA) in Vancouver, BC, Canada between 2005 and 2006 on a range of ore samples. This work established that Kremnica ore presented no particular treatment problems.” • BULGO
Slide 17: The Boxes That We Have Ticked
The Boxes That We Have Ticked 1) Pedigree and Location – Exceptional. 2) The Kopernica Vein System. 3) Preservation Potential – Excellent. 4) Gold is Present in the System. 5) Potential Metallurgy – Looking Good. 6) Exploration Upside – Find One Vein, Then Look For More... 17
Slide 18: The Kopernica Vein System: Drill Test the Gold Window
The Kopernica Vein System: Drill Test the “Gold Window” Proposed Drillholes (200m depth) 18
Slide 19: Slovakia
Slovakia • Drill pads can be permitted within 3-months. NON-EU • EU and NATO member since 2004. EU SK • Eurozone (€) member since 2009. BG • No restrictions on foreign ownership. • 21% corporate tax rate. • 5% NSR for gold and silver. • Low-cost profiles and a skilled local workforce. • The use of C
Slide 20: The BULGOLD Team - Management
The BULGOLD Team - Management James Crombie, Executive Chairman Sold Palmajero Gold for $1.13B to Coeur d’Alene and put together Miramar’s Arctic deposits setting up the $1.5B sale to Newmont. Successfully closed a $2M CPC IPO in April 2022. +40 Years Mining, Exploration & Capital Markets Experience
Slide 21: The BULGOLD Team - Board of Directors
The BULGOLD Team - Board of Directors Dr Mihaela Barnes, Independent Director, Chair ESG & Nominating Committee Ph.D. in International Law (Geneva) together with legal qualifications and experience in both common and civil law. +15 Years Environmental, Social & Governance Experience. Vanessa Cook, I
Slide 22: We Find Gold.
We Find Gold. • Over 1,000 years of exploration and mining of epithermal vein systems in Central Slovakia demonstrates that, to date, every discovered vein system has contained either gold or silver. • A seasoned group of explorers with a solid track record of discovery. • Expertise and experience w
Slide 23: Appendix
Appendix 23
Slide 24: Lutila Gold Project Historic Soil Geochemistry (As)
Lutila Gold Project Historic Soil Geochemistry (As) 24
Slide 25: Lutila Gold Project Historic Soil Geochemistry (Sb)
Lutila Gold Project Historic Soil Geochemistry (Sb) 25
Slide 26: Lutila Gold Project Geology
Lutila Gold Project Geology 26
Slide 27: Lutila Gold Project Conceptual Exploration Model
Lutila Gold Project Conceptual Exploration Model W E • The Company believes that the Lutila Gold Project reflects a continuation of the same volcanic depression (that hosts the Kremnica gold mine), which has been downfaulted, creating a preserved graben of rhyolite flow domes complexes and their pyr
Slide 28: Kremnica Quartz Vein + Gold
Kremnica Quartz Vein + Gold 28
Slide 29: Kremnica Vein II System: Attributes
Kremnica Vein II System: Attributes • The system consists of more than 40 veins with most situated beneath the town of Kremnica. • The veins are commonly accompanied by thin veinlets with high Au and Ag contents. • The thickness of the veins decreases with depth. • The veins strike NNE-SSW and dip 5
Slide 30: Plan View of the Kremnica Vein II System
Plan View of the Kremnica Vein II System 1,000m Located 5km northeast of the Kopernica Vein 500m System. 30
Slide 31: Kremnica Vein II System: Historic Cross-Sections
Kremnica Vein II System: Historic Cross-Sections 31
Slide 32: References
References September 27, 2023 “BULGOLD Acquires the Lutila Gold Project in Slovakia for 100 EUR” May 1, 2024 “BULGOLD Highlights the Potential Scale of the Lutila Gold Project Through a Review of Historic Exploration Data” July 3, 2024 “BULGOLD Commences Drilling on the Lutila Gold Project” Septembe