Bravada Gold Corporation · TSXV:BVA
Bravada Gold — Investor Presentation (September 2026)
26 slides from Bravada Gold's investor presentation, Sep 10, 2026
Slide 1: Wind Mountain — a Simple Path to Near-Term Gold Production in Nevada
Wind Mountain — a Simple Path to Near-Term Gold Production in Nevada BVA.TSX-V Investor Presentation • September 2026 Bravadagold.com 1
Slide 2: Disclosure & Cautionary Statements
DISCLAIMERS BVA.TSX-V Disclosure & Cautionary Statements Some of the statements contained in this presentation may be deemed “forward-looking statements.” These include estimates and statements that describe the Company’s future plans, objectives or goals, and expectations of a stated condition or o
Slide 3: Why Invest?
INVESTMENT HIGHLIGHTS BVA.TSX-V Why Invest? Near-term catalysts. Long-term value. Simple Brownfield Gold Project in Strong PEA Economics @ US$3,600/oz 1 2 Nevada Gold Wind Mountain oxide heap-leach project with US$415M NPV(5%), 60% after-tax IRR, great existing infrastructure and a very low strip US
Slide 4: Corporate Snapshot
CORPORATE OVERVIEW BVA.TSX-V Corporate Snapshot $1.15 $33.6 M $1.7 M 29.2 M SHARE PRICE 1 MARKET CAP 1 CASH 2 SHARES O/S 1 CAPITAL STRUCTURE IN-THE-MONEY (STRIKE $0.40) OWNERSHIP Insiders 5% Shares Outstanding 29,108,736 Item Expiry Number Value Strategic & Options Outstanding 2,634,375 Warrant 07-N
Slide 5: 2026 PEA Highlights
WIND MOUNTAIN BVA.TSX-V 2026 PEA Highlights US$415M 60% 2.0 yrs 11.2 yrs US$139M 0.20:1 After-tax NPV (5%) After-tax IRR Payback Mine Life Total Project Capital Strip Ratio (US$) 1 Production Profile 2 Capital Summary 3 Resource Base 40.7 koz Au and 280 koz Ag average US$98.1 M initial capital plus
Slide 6: 2022 PEA vs. 2026 PEA: By the Numbers
WIND MOUNTAIN BVA.TSX-V 2022 PEA vs. 2026 PEA: By the Numbers 2022 PEA 2026 PEA ▲ +802% ▲ +58% ▲ +167% ▲ +113% ▲ +158% ▲ +852% US$415M 60% 11.2 yrs 454 koz 3.1 Moz US$593M 38% 213 koz 4.2 yrs 1.2 Moz US$46M US$62.3M After-tax After-tax Mine LOM Gold LOM Silver LOM Cumulative NPV (5%) IRR Life Produc
Slide 7: Significant Leverage to Gold & Silver Prices
WIND MOUNTAIN BVA.TSX-V Significant Leverage to Gold & Silver Prices NPV 5% (US$ M) Gold Price (US$/oz) IRR % Payback (Yrs) $3,000 $3,600 $4,000 $4,500 $5,000 $253 $407 $506 $630 $754 $40 43% 59% 69% 81% 93% 2.35 2.02 1.78 1.56 1.40 $272 $415 $520 $644 $767 Silver Price (US$/oz) $48 44% 60% 70% 83%
Slide 8: 2026 PEA: Robust Economics at US$3,600 Gold
WIND MOUNTAIN BVA.TSX-V 2026 PEA: Robust Economics at US$3,600 Gold Base Case Metric $415M (US$3,600/oz Au, US$48/oz Ag) PROJECT ECONOMICS US After-tax NPV (5%) US$415 M After-tax NPV(5%) · 60% IRR After-tax IRR 60% Payback 2.0 years PRODUCTION PROFILE Wide Margins at Spot Prices Avg. Annual Gold Pr
Slide 9: 2026 PEA: CAPEX Summary
WIND MOUNTAIN BVA.TSX-V 2026 PEA: CAPEX Summary Metric Estimate Direct Capital Cost US$67.8 M US $139.0M Indirect Capital Cost US$13.9 M Total Project Capital Contingency (~20%) US$16.3 M Total Initial Capital Cost US$98.1 M Modest, Phased Capital Sustaining Capital US$41.0 M • Initial capital funds
Slide 10: 2026 PEA: OPEX Summary
WIND MOUNTAIN BVA.TSX-V 2026 PEA: OPEX Summary Metric Estimate Contractor Mining Cost US$3.52/t mined US$4.21/t stacked US $1,653 /oz Owner Mining Cost – General Services US$0.23/t stacked All-in Sustaining Cost (AISC) Processing Cost US$3.33/t stacked G&A Cost US$0.55/t stacked Cost Leadership Recl
Slide 11: 2026 PEA: Pit-Constrained Resource
WIND MOUNTAIN BVA.TSX-V 2026 PEA: Pit-Constrained Resource 2026 Resources Constrained in a US$3,100/oz Gold Price Optimized Pit1,2 Category Cutoff Tonnes (M) Au (g/t) Ag (g/t) AuEq (g/t) Au (oz) Ag (oz) AuEq (oz) Indicated Variable 56.0 0.32 8.51 0.35 574,400 15,325,000 623,700 Inferred Variable 40.
Slide 12: Prime Location
WIND MOUNTAIN BVA.TSX-V Prime Location Located in Northern Nevada • Consistently ranked within the top 10 gold jurisdictions in the world to explore and mine by the Canadian Fraser Institute Wind Mountain Project • Straightforward regulatory system Close to Existing Infrastructure • Road to site (pa
Slide 13: Simple, Compact Site
WIND MOUNTAIN BVA.TSX-V Simple, Compact Site A single, contiguous footprint Waste Breeze 01 02 Pit Breeze Pit and Wind Pit Heap leach pad located sit side by side directly adjacent to the pits Heap Leach Wind Pit 03 04 Existing gold bearing Compact layout keeps waste dumps and haul distances short a
Slide 14: PFS — H2 2027
WIND MOUNTAIN BVA.TSX-V PFS — H2 2027 Three workstreams converging on a Pre-Feasibility Study in H2 2027 01 Expanded Resource 02 Updated Metallurgy 03 Refined Engineering • Incorporates the 2026 drilling program • Metallurgical program planned for • Optimized mining plan now underway and additional
Slide 15: Heap Leach Developer Benchmarking
WIND MOUNTAIN BVA.TSX-V Heap Leach Developer Benchmarking Wind Mountain shows a strong profile relative to developer peers when adjusting for strip ratio. LOM Avg. Production Stacked Grade(1) Tonnes Moved per Gram(2) Market Capitalization Strip Ratio (koz AuEq3) (g/t AuEq3) (Tonnes/g AuEq3) (C$M) Sa
Slide 16: Heap Leach Producer Benchmarking
WIND MOUNTAIN BVA.TSX-V Heap Leach Producer Benchmarking Adjusting for Strip Ratio, Wind Mountain’s mining requirement compares favourably against operating heap-leach producers. Tonnes Moved per Gram(3,4) 2025 Production (koz AuEq)(1,2,4) Stacked Grade (g/t AuEq)(2,4) Strip Ratio (w:o)(2) (Tonnes/g
Slide 17: Exploration Upside
CATALYSTS BVA.TSX-V Exploration Upside Drilling Program • 31 holes to test historic waste Breeze/Wind Extension dumps from 7 to 30 m North Hill Target • 16 holes, most of which will be Target extensions of the dump test holes, ranging from 60 to 210 m in depth to target resource expansion Waste Dump
Slide 18: Nevada Exploration Properties
CATALYSTS BVA.TSX-V Nevada Exploration Properties Highland Shoshone Pediment Advanced Exploration Development / Royalty High-grade “Midas”-style veins, open for BVA holds a royalty on 2 permitted barite open expansion under sinter and shallow cover. pits, now held by I-80 Gold. Shoshone Pediment Win
Slide 19: Timeline
CATALYSTS BVA.TSX-V Timeline Value-Driving Catalysts Over the Next 12 Months Q3 2026 Q3/Q4 2026 Q4 2026 2027 ✓ PEA Update Drill & Met Programs Drill Results Pre-Feasibility & Met Results Updated PEA with current Launch of drilling and Drill results released Pre-feasibility study commodity-price fore
Slide 20: Appendix
APPENDIX Appendix Bravadagold.com 20
Slide 21: Management, Board & Advisors
APPENDIX BVA.TSX-V Management, Board & Advisors Dr. Paul West-Sells Lawrence Page, K.C. Russell Ball, CPA (USA) and CA (SA) President, CEO & Director Chairman & Director Advisor 30 years' mining experience; former President & CEO of Western Director/officer of companies that discovered and built sev
Slide 22: 1 Year Share Price Performance
APPENDIX BVA.TSX-V 1 Year Share Price Performance C U RRE N T $1.15 as of Sep 10, 2026 5 2 -W E E K H I GH $1.31 5 2 -W E E K LOW $0.24 1 -Y E A R C H A N GE +245% approx. Bravadagold.com 22
Slide 23: 2026 PEA: Capital Summary
APPENDIX BVA.TSX-V 2026 PEA: Capital Summary Capital Expense (stated in K USD) Initial Sustaining Total DIRECTS Mining $24,071 $391 $24,462 Process Plant $22,245 – $22,245 Leach Pad & Ponds $12,609 $26,546 $39,155 Owners $6,833 – $6,833 Infrastructure $2,050 – $2,050 Total Directs $67,807 $26,937 $9
Slide 24: Resource
APPENDIX BVA.TSX-V Resource 2026 Resources Constrained in a US$3,100/oz Gold Price Optimized Pit Category Cutoff Tonnes (M) Au (g/t) Ag (g/t) AuEq (g/t) Au (oz) Ag (oz) AuEq (oz) Indicated Variable 56.0 0.32 8.51 0.35 574,400 15,325,000 623,700 Inferred Variable 40.0 0.15 5.37 0.16 192.400 6,902,000
Slide 25: Notes
APPENDIX BVA.TSX-V Notes 2026 Updated PEA • News Release dated August 31, 2026 • Michael S. Lindholm, C.P.G. and Kyle Murphy, PE, of RESPEC Company LLC., and Jeffrey Woods, SME QP, of Woods Process Services LLC, independent “qualified persons” as defined by National Instrument 43-101 – Standards of
Slide 26: Contact
Contact Dr. Paul West-Sells President & CEO info@bravadagold.com +1 (604) 641-2759 bravadagold.com TSX.V: BVA Bravadagold.com 26
Bravada Gold — Investor Presentation (September 2026) on 6ix