Viva Gold Corp · TSXV:VAU
Viva Gold — Investor Presentation (January 2026)
18 slides from Viva Gold's investor presentation, January 2026
Slide 1: Advanced Gold Development Project in Nevada
VivaGoldCorp.com Advanced Gold Development Project in Nevada January 2026 TSXV: VAU | OTCQB: VAUCF | FRANKFURT: 7PB 1
Slide 2: Cautionary notes / Technical disclosures
Cautionary notes / Technical disclosures This presentation contains certain information that may constitute forward-looking information or forward-looking statements under applicable Canadian securities legislation (collectively, “forward-looking information”), including but not limited to the explo
Slide 3: Viva Gold: Derisked with Substantial Upside
Viva Gold Derisked with Substantial Upside Clear path to value creation for ❖ Tonopah Gold Project with 86% Measured and shareholders Indicated Preliminary Economic Assessment (PEA) gold resource is ready for feasibility study and permitting in a highly favorable permitting environment ❖ Optionality
Slide 4: World Class Walker Lane Trend
World Class Walker Lane Trend PRODUCTION AND M&A ACTIVITY Kinross Gold – Round Mountain Mine 2025 215K oz Au produced in 2024 with LOM production of over 16 million ounces. Pit expansion with elevated gold price and over 5,200 meters of Phase X underground mine development completed. Centerra Gold –
Slide 5: Tonopah Project Geology – Excellent Mining Potential
Tonopah Project Geology – Excellent Mining Potential Geologic Long Section Showing Resource Blocks, Structure and Lithology West A East QAL TVU TVL TVL A’ OPA NW Fault (Mineralizer?) Discovery Fault (Pre & Post Mineral) Dauntless Fault (Pre & Post Mineral) Looking North, 100-meter slice ❖ Gold contr
Slide 6: Tonopah Geology Successful 2024-2025 Drill Program
Tonopah Geology Successful 2024-2025 Drill Program Tonopah Fall 2024 Reverse Circulation Drilling Program Tonopah Fall 2024 Drillhole Map Hole Azimuth Dip From To Length Gold Grade Silver Grade Meter Meter Meter Gram/Tonne Gram/Tonne TG2424 270 -70 170 128 158 30.5 0.9 2.1 including 131 136 4.6 2.2
Slide 7: Tonopah Exploration Upside
Tonopah Exploration Upside Geophysical methods proven for gold discovery Midway Hills Prospect Area (6x6x6 Block Model not in MRE) Area of deep Scattered Au Volcanics Intercepts Area for planned Tonopah PEA addition of Resource Pit CSAMT Lines Area ❖ Gravity high mapping highlights near surface CSAM
Slide 8: Tonopah Project MRE – High Confidence Gold Resource
Tonopah Project MRE – High Confidence Gold Resource1 Mineral Resource Estimate (“MRE”) – Effective June 13, 2025 Classification Tonnes Au Grade Ag Grade Contained Gold Contained Silver x 1,000 Grams/Tonne Grams/Tonne Ounces Ounces Measured 1,691 1.41 3.11 77,000 169,000 Indicated 25,002 0.53 1.98 42
Slide 9: 2025 PEA Highlights – Production
2025 PEA Highlights – Production Mined Resource ❖ Results demonstrate project Gravity/CIL Mill Feed Tonnes (x1,000) 4,518 Gold Grade – gram per tonne (“g/t”) 1.75 viability at $2,400 Au price with Silver Grade – g/t 3.35 full capital costing including owner mining, no short-cuts Heap Leach Feed Tonn
Slide 10: 2025 PEA Highlights - Economic Analysis
2025 PEA Highlights - Economic Analysis1 Post-Tax Pre-Tax Gold Price IRR% NPV 5% (USD 1,000) NPV %/Share2 IRR% NPV 5% (USD 1,000) USD/Ounce $2,000 2.9% $13,370 $0.09 5.1% $4,309 $2,400 17.6% $111,617 $0.77 20.6% $138,617 $2,800 30.8% $236,342 $1.62 34.6% $272,925 $3,200 43.1% $361,066 $2.48 47.7% $4
Slide 11: Forward Looking Tonopah Optimization Program
Forward Looking Tonopah Optimization Program Improve Capital Efficiency ❖ Trade-off study to look at deferring construction of heap leach system until 2-4 years after CIL mill start-up. ▪ Initial production only from gravity/CIL mill ▪ Re-design pit to mine additional shallow CIL mill feed while def
Slide 12: Infrastructure & Permit Status
Infrastructure & Permit Status EXCELLENT INFRASTRUCTURE Paved road, Commercial ❖ Paved State Highway access power & Water ❖ Tonopah Public Utility Commercial Water Pipeline on east boundary of claim block; utility controls substantial water rights. ❖ NV Energy 15 kV power line follows pipeline: syst
Slide 13: Baseline Environmental Study
Baseline Environmental Study Initial Baseline Needs Assessment Meeting held with US Bureau of Land Management Ongoing and Completed Baseline Study Work Includes: ❖ Biologic studies accepted by BLM ❖ Quarterly water sampling – over 7 years of data ❖ Seeps and springs studies ❖ Geochemical rock charac
Slide 14: Tonopah Project Next 2-year Workplan
Tonopah Project Next 2-year Workplan ❖ PEA and Updated MRE Completed: Demonstrates potential for viable mining project ❖ Feasibility Study: Commence in 2026 with goal of optimizing economics and developing implementation plan – 9 to 12 months to complete ❖ Plan of Operations: Detailed impact plan de
Slide 15: VIVA Gold - Capital Structure
VIVA Gold - Capital Structure Capital Structure as of December 31, 2025 ~ 20 % Shares Outstanding 172.0 M Stock Options1 7.9 M PUBLIC FLOAT ~ 45% ~15 % Warrants Outstanding2 52.4M Fully Diluted 232.4 M ~8% ~4 % Market Capital ~$34.0 M MGMT & ~8 % BOARD 1) 1.65M @ 0.165 ex . Price, exp June 2026; 0.2
Slide 16: Top Tier Management & Board
Top Tier Management & Board CHRISTOPHER HERALD, ANDY BOLLAND, Director Chairman & Director Former Hatch Ltd, US Director of Mining and Mineral Processing; former President, CEO and Director Solitario Resources Corp; former Barrick Gold, Director Operations for Barrick Gold of North America; B.S. Cha
Slide 17: Viva Gold Value Proposition
Viva Gold Value Proposition Premise: ❖ Tonopah gold project checks all boxes for a successful mine development opportunity with resource expansion potential in America’s best mining jurisdiction Goal: ❖ Re-rate Viva shares through permitting and demonstration of Tonopah Gold Project as a mine develo
Slide 18: Contact
VivaGoldCorp.com JAMES HESKETH GRAHAM FARRELL President and CEO 720-291-1775 Investor Relations 416-842-9003 jhesketh@vivagoldcorp.com graham.farrell@vivagoldcorp.com TSXV: VAU OTCQB:VAUCF VivaGoldCorp.com TSXV: VAU | OTCQB: VAUCF | FRANKFURT: 7PB 18