U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Investor Presentation (December 2021)
30 slides from U.s. Gold's investor presentation, Dec 3, 2021
Slide 1: U.S. focused gold exploration and development company
\ U.S. GOLD cone \ US. focused gold exploration and development company advancing high potential projects in WY, NV and ID. 7 Nasdaq: sav December 2021
Slide 2: Forward Looking Statements
Forward Looking Statements TERMS OF USE AND DISCLAIMER - This presentation is being provided for the sole purpose of providing the recipients with background information about US. Gold Corp. (“US. Gold”). U'S. Gold Comp. has made seasonable efforts to ensuse that the information contained in this pr
Slide 3: U.S. Gold Corp. Value Proposition
U.S. Gold Corp. Value Proposition 144 nilion AUE4 es a Reena Hares — “iiovnwre ‘The Next Potential US =e 100K+ oz AuEq GHEE ei Producer 1004 oz Aug anneal eae iaret ate = profile & Feasibility Smads analyzing fitare Nasdaq Listed nenpecoccc | Aeris as Low stip mtio—surtace | i eel 6 Gaines ‘minetal
Slide 4: Combining robust economics with district-scale exploration
Combining robust economics with district-scale exploration, in mining friendly U.S. jurisdictions District Scale Exploration * Keystone located on the Cortez Gold Tiend, one of the wots host prospective mineral tends 10 les south of Bassck’s ; Cortes Hills Mine Comples + Mining fiendly location inth
Slide 5: Financial Snapshot
Financial Snapshot | ‘Tight share structure and listed on NASDAQ co br om | em Nasdag:USAU | _usgoldeospold
Slide 6: U.S. Gold Corp. Peer Comparison
U.S. Gold Corp. Peer Comparison © Compelling value with ‘considerable potential upside “Pre-tax NPV of US $323 zillion versus the company’s ‘matket capitalization of ~ $76 million
Slide 7: ESG Dashboard | Where We Are Today
ESG Dashboard | Where We Are Today Envisonmental Social Governance Wakgimade fae owrentbon ZERO Sym OD Presse foorpaint dag aco ibe wo cic web ane ieee Ochre Subetancat 782! Pose ce ite Local Constants Comat Tnvestment in ee Inn stewarship in ee one 20% Female Director patie Aggro Representation sak
Slide 8: CK Gold Project Overview
CK Gold Project Overview Potential near-term production and robust economics, WY
Slide 9: CK Gold Project Claims & Location
Slide 10: PFS economics sensitivity table
1 aM yes —— 108,500 $800. Stuc U.S. GOLD = = Gold | copper | nev | ier | payback] nev | IRR | Payback ufor. | cur. | mss | | voor | mss | oe | Years $185 $265 4977 524% 17 389 akGK 18 $475 $345 3955 460% 18 3252 393% 20 $1625 $325 3233 394% 202657 339% 22 $1525 $305 2510 3268 22 2s 278K aS $1025 $28
Slide 11: CK Gold Project Resource Estimate (2021)
CK Gold Project Resource Estimate (2021)* Mineral Reserves Statement sa) aa eee ees a am) 2) = [po pe pe poe paps pase oe pene ee ee pe De Mineral Reserves Statement (Metts) = ea eee om [oem [erm | Sr Ts Sea eee rs fae pce a ac [ue fcr rane) vin ame ete wasn sso ye ome nana
Slide 12: CK Gold Project 2021 PFS Highlights
CK Gold Project 2021 PFS Highlights JOn December 1, 2021, Gustavson Associatés issued an S-K 1300 teclinieall report Pre-Feasibility Study (PFS) for US Gold Corp. showing the following metiics:
Slide 13: CK Gold Project PFS / FS Engineering
CK Gold Project PFS / FS Engineering + Primary Crushing o Serene Detailed Plant O Gremted es Design © Betton: *Seeared Land aid ROW for project “New resource model *PL&P2 Reserves Au, Cu, Ag, Aggregate SES half of 2022 SES field work done, assays and study results pending “Anticipate fling mine plan
Slide 14: Engineering Design
Slide 15: CK Gold Project 2021 FS Drilling Program
CK Gold Project 2021 FS Drilling Program ‘Development and Resource Expansion 234000 N. 233000 N #22000
Slide 16: Open at depth and along strike
pen at depth below 80 along stike; 2.900 ft of set and southeast ke lenge tntested Gl Depth an stike length volun to double current gold-copper tes mineralization continves along stake ‘Clean and simple mineralogy; low overall sulfide ‘content ~ litle acid-generating potential U.S. GOLD Nica USAU ss
Slide 17: CK Gold Project: Pathway Forward
CK Gold Project: Pathway Forward
Slide 18: Attractive Future Potential Financing Options
Attractive Future Potential Financing Options Exploig Site of WY det ining along wth tate potential vende Gaaning Future CK Catalysts Drill Assays fot 2021 CK ted eon de ex Feasibility Study Fal engineig an ses to re CK to consnution Aggregate Marker Study Conk prove ational pie to CK ES NPV Pit Lak
Slide 19: Nevada and Idaho Exploration Overview
= RE if ‘News Gold Goldeush Nevada and Idaho Exploration Overview Discovering the next gold districts on the Corte: lin Trends in Ne
Slide 20: Nevada Projects
Nevada Projects Location ‘Nevada ~ established gold mining j isdietion * Produced ~4.6 M 02 of gold produced in 2019 - appro. 76% of LS. gold production! + The 6th largest gold producing ry” in the world, if Nevada were a country *+ Historically, Nevada has produced > 225M oz of gold + “Elephant cou
Slide 21: Keystone Projects
Keystone Projects Location “The Cortez Trend is one of the world’s most productive trends producing ~ Moz of Bold per year <The trend hosts numerous world elas deposits: * Bartick’s Pipeline: ~21+ Moz gold + Barrick’ Cortez Hills ~15+ M o7 gold + Bartick’ Goldrush: ~10# M o7 gold “Significant discov
Slide 22: Keystone Project
Keystone Project Overview Consolidated an entixe district on the Cortez ‘Trend, NV - 20 square miles, 100% controlled by US Gold Corp. + Never previously consolidated nor systematically explosed by model-dsiven, ‘modern-day explosation techaiques ‘The extent and severity of ‘the alteration and the t
Slide 23: Keystone Drilling
KEYSTONE Keystone Drilling econ Stratigraphy + Allholes encountered anomalous Au and Stcong pathiinders within thick favorable stuatigeaphy Hole Key10-O5ce was fest test of Nina Skarn target area + Steongest, continuons Au mineralization ever encountered at Keystone to date + Altered, gold beating u
Slide 24: Keystone Exploration
Keystone Exploration Keystone moved from scout hole drilling to targeted di ling — vectoring toward discovery success + 2019 targeted drilling of T holes + High priosity targets to follow up on 2018 esa Os : Provided a first test to several dell tagets in areas previously inaccessible + Future propo
Slide 25: Maggie Creek Project
Maggie Creek Project + Approximately cheee square miles of unpatented ‘mining claims on the Carlin Trend next to the giant Gold Quarry deposits (26 M oz Au) + Classical structure and steatigeaphy that hosts the inajosty of Au ounces on the Cadin Trend + Numerous ore grade and anomalous An intercepts
Slide 26: Maggie Creek Drilling
Maggie Creek Drilling ‘Potential for a higher grade gold deposit similar to Gold Quarry is likely under Castin Formation in the southeast portion of the Maggie Cxeek claims (dashed ted oval) “Target developed using proper geologic projections, gravity and geochemical data + Diilled two-holes, 4.440
Slide 27: Challis Gold Project
Challis Gold Project Idaho Is A Mining State = + Challis Gol Projects located abont 75 kms SW of Snlmoo, 1D and 20 kms SW’of Reveal Gos Bearwack Projet within the Testy Challis Volnnic Field + Challis God is ow sliation, Ang epithersal vein tnx stociwotk deposit lncazed slong ntexsectiag NW — NE tue
Slide 28: Directors, Management & Technical Advisory Team
Directors, Management & Technical Advisory Team Management vie Fence a ac Arse Independent Directors Macs Gillan Robert Schafer The Henares Michael Wade yon K-Zinke ‘Technical Advisory Team
Slide 29: U.S. Gold Corp. Opportunity
Id Corp. Opportunity Advancing world-class assets > Promising portfolio ia sable and mining fiendlp juisditions. The porto offers investors both potential near-term prodicton and sizeable bine exploration ‘Team of accomplished explorers and proven company builders, who have made, ai Faced thedicover
Slide 30: Contacts
DEE eu sa py IE ei ee eperarst aa es ete actos 4a a = aero Contacts ae ee ee shins \\ U.S. GOLD +1800 557 4550. ‘Cheyenne, WY 82001 to Oe pl oscon susay