U.s. Goldmining Inc. · NASDAQ:USGO
U.s. Goldmining — Investor Presentation (January 2026)
27 slides from U.s. Goldmining's investor presentation, January 2026
Slide 1: Corporate Presentation
USGO: NASDAQ | US.GOLDMINING.US Corporate Presentation Rediscovering the Whistler Gold-Copper Project in Alaska January 2026
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF U.S. GoldMining INC. (THE “COMPANY” OR “US GoldMining”). No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed on the merits
Slide 3: Rediscovering the Whistler Gold-Copper Project
Rediscovering the Whistler Gold-Copper Project WHISTLER GOLD-COPPER PROJECT Red Dog Three gold-rich porphyry deposits with combined Alaska Yukon 6.5 Moz AuEq Indicated + 4.2 Moz AuEq Inferred* Livengood Fort Knox Eagle 100% owned 53,700-acre property on State land Pogo Coffee 100 miles northwest of
Slide 4: Experienced Leadership Team
Experienced Leadership Team Experience of Majors, with Entrepreneurial Nimbleness Board and Management Tim Smith Alastair Still Barry Olson CEO Chair Special Advisor Professional Geoscientist with 30 years of CEO of GoldMining Inc and Director of Technical Experienced mining industry veteran with 30
Slide 5: U.S. GoldMining at a Glance
U.S. GoldMining at a Glance A Member of Russell 3000 Index® Tight Share Structure and Funded for Growth Capital Markets Overview (US$M) Share Structure(1) Shareholder Structure(1) Issued & Outstanding 12.9 M 4.5% 17.5% Insiders Warrants 1.7 M GoldMining Inc Other Shareholders Options & RSUs 0.3 M 78
Slide 6: Whistler Project Mineral Resource Estimate
Whistler Project Mineral Resource Estimate Large Gold Inventory with Significant Copper Component Grade* Contained Metal* Million Classification Tonnes Gold Silver Copper AuEq Gold Silver Copper AuEq (Mt) g/t g/t % g/t Moz Moz Mlbs Moz Indicated 294.5 0.42 2.01 0.16 0.68 3.93 18.99 1,024 6.48 Inferr
Slide 7: Whistler Deposit: Robust High-Grade Core
Whistler Deposit Robust High-Grade Core Whistler Deposit Cross Section Additional details of the mineral resource estimate are set forth in the report titled “S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska” with an effective date of September 12,
Slide 8: Whistler Deposit: Option for High Grade Starter Pit
Whistler Deposit Robust High-Grade Core, Option for High Grade Starter Pit Mineralized In Situ Waste Cumulative NSR AuEQ Au Cu Ag Tonnage Metal Tonnage SR PIT PHASE CLASS (US$/tonn (AuEq (ktonnes) (g/t) (g/t) (%) (g/t) (ktonnes) Waste: Minz e) koz) Indicated 22,425 34.81 1.04 0.65 0.23 2.30 750 PHAS
Slide 9: Whistler Project Resource Sensitivity Highlights
Whistler Project Resource Sensitivity Highlights Size & Grade of High-Grade Core Whistler Project MRE at $10.50/t* Grade* Contained Metal* Million Classification Tonnes Gold Silver Copper AuEq Gold Silver Copper AuEq (Mt) g/t g/t % g/t Moz Moz Mlbs Moz Indicated 294.5 0.42 2.01 0.16 0.68 3.93 18.99
Slide 10: Exploration Potential & Strategy
Exploration Potential & Strategy District Scale Upside • Optimize growth potential & quality of existing resources • Focus on flagship Whistler Deposit & the Whistler Orbit (Raintree Deposit) 1. Wingspan Exploration - Extensions of existing deposits o Current resources open to depth and along strike
Slide 11: Whistler – Raintree Mineral System
Whistler – Raintree Mineral System Whistler Orbit Porphyry Cluster – Multiple Exploration Targets Whistler Orbit Au-Cu Porphyry System 2 Proven Porphyry Deposits & Multiple Targets Island Mountain Au-Cu Porphyry System USGO: NASDAQ | USGOLDMINING.US 3D Magnetic inversion modelling to highlight poten
Slide 12: Whistler – Raintree Mineral System
Whistler – Raintree Mineral System Also referred to as the ‘Whistler Orbit’ A classic ‘Porphyry Cluster’ 7.5km x 4.5km area containing over 25 targets Examples of porphyry intrusive clusters: • Yerington (Arizona) • KSM (British Columbia) • Guayabales/Marmato (Colombia) Schöpa et al, 2017 USGO: NASD
Slide 13: 2025-2026 Exploration Program
2025-2026 Exploration Program New drill targets at the Whistler Orbit identified 4 New High Priority Target Areas: • Whistler extensions – new zones of copper anomalism in both basal till and top of bedrock sampling located immediately east of the currently delineated Whistler deposit. • Mammoth & S
Slide 14: 2025-2026 Exploration Program
2025-2026 Exploration Program New drill targets at the Whistler Orbit identified 4 New High Priority Target Areas*: • Whistler extensions – new zones of copper anomalism in both basal till and top of bedrock sampling located immediately east of the currently delineated Whistler deposit. • Mammoth &
Slide 15: Location & Access
Location & Access Looking west Favorable Terrain for Development Access • 105 miles northwest of Alaska’s largest city of Anchorage o Short flight from Anchorage, Palmer or Wasilla to all-season airstrip o Winter Trail access for heavy/large equipment access • Topography amenable for exploration & f
Slide 16: West Susitna Access Project - Connects Whistler to Port
West Susitna Access Project - Connects Whistler to Port Proposed Access Road - State of Alaska Alaska State Initiative Port Mackenzie July 28, 2025: U.S. GoldMining Applauds State of Alaska’s Plan to Advance Critical Road Infrastructure to the Whistler Gold-Copper Project, Alaska(1) West Susitna Acc
Slide 17: Preliminary Economic Assessment
Whistler Preliminary Economic Assessment 2025 Metallurgical Test Work Program Improves Gold Recovery to 85% Key Metallurgical Recovery & Process Component to feed into the Initial Economic Assessment (the "PEA") • Recovery of up to 85.3% gold (Au), 79.1% copper (Cu) and 55.3% silver (Ag) from the co
Slide 18: Sustainability
Sustainability Building Social License to Operate – Continuous and Active Engagement 2022-24 Environmental Baseline Work: Comprehensive Stakeholder U.S. GoldMining Inc is committed Engagement Plan: • Heritage and Archaeology Survey – to meaningful and long-term no cultural sites identified • Native
Slide 19: State & Federal Support for the Whistler Project
State & Federal Support for the Whistler Project Driving Jobs, Growth, and U.S. Resource Security “Alaska has always been a place of abundance and opportunity. Projects like Whistler demonstrate how Alaska can lead the way in stewarding these resources to create jobs, strengthen our economy, and con
Slide 20: Milestones
U.S. GoldMining Inc. Milestones Achievements to date • 1.2 Moz AuEq added to MRE in 2024 (+117% increase to Indicated resource in the Whistler Deposit) • 2025 metallurgical test work resulting 85% gold recovery (+22% improvement) • Geologic controls on high grade are established, high-grade core ext
Slide 21: NASDAQ : USGO usgoldmining.us
NASDAQ : USGO usgoldmining.us Toll Free: 1 (833) 388-9788 Alaska Office Corporate Office - Vancouver Email: info@usgoldmining.us Office 203, Suite 200, 1830 - 1188 W. Georgia Street, 301 Calista Court, Vancouver, BC V6E 4A2 Anchorage, AK 99518 Canada United States Phone: +1 (604) 388-9788
Slide 22: Appendix
Appendix • Whistler Project 2024 Mineral Resource Estimate
Slide 23: Whistler Project Mineral Resource Estimate
Whistler Project Mineral Resource Estimate Notes: 4. The lower portion of the Raintree West deposit has been constrained by a mineable shape with “reasonable prospects 1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty of eventual eco
Slide 24: Whistler Deposit: Geologic Model
Whistler Deposit Geologic Model Whistler Intrusive Suite The "WIS " comprises a composite N of ‘productive’ (mineralized) intrusive phases, cut by late- to ‘post-mineral’ intrusive phases. Drilling to date has only constrained the WIS on the east Contact and west margins. Country Rock Productive dio
Slide 25: Whistler Deposit: Wingspan Expansion & Infill - Drill Targets
Whistler Deposit Wingspan Expansion & Infill - Drill Targets 3D analysis of the distribution of MRE pit shell Gap in deeper the previous drilling and current drilling to NE, north of mineral resource block model phreatic breccia N Continuity of that disrupts against the WIS geologic model, NNW-SSE h
Slide 26: Wingspan Expansion & Infill – 2023 & 2024 Drillholes
Whistler Deposit Wingspan Expansion & Infill – 2023 & 2024 Drillholes 2023 Drill Results WH23-01: 241.05 meters at 0.60 g/t AuEq From 1.95 meters depth (0.33 g/t Au, 0.16% Cu and 1.86 g/t Ag) WH23-02: 142.34 meters at 0.51 g/t AuEq From 305 meters depth (0.17 g/t Au, 0.21% Cu and 1.05 g/t Ag) WH23-0
Slide 27: 2025 Exploration Program
2025 Exploration Program New drill targets at the Whistler Orbit and Muddy Creek identified 2025 Project Advancements: Achieved comprehensive coverage of ‘scout’ drilling over the Whistler – Raintree mineral system (169 auger drill holes). Assays pending. Completed mapping and systematic surface
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