Mcfarlane Lake Mining Limited · CSE:MLM
Mcfarlane Lake Mining — Investor Presentation (February 2026)
26 slides from Mcfarlane Lake Mining's investor presentation, February 2026
Slide 1: Fast Tracking Gold Production in the Abitibi
FA ST TRACKI NG GOLD PRODUCTION IN THE ABITIBI Positioned for significant resource growth and near-term value creation CORPORATE PRESENTATION | February 2026 CSE: MLM | OTCQB: MLMLF | FRA: W2Z CSE: MLM | OTCQB: MLMLF | FRA: W2Z | 1
Slide 2: Disclaimer
DISCLAIMER Cautionary Note Regarding Forward-Looking Statements not been verified by any independent source, and the Company has not independently verified any third-party information. While the Company believes such third party information to be generally reliable, such information and This present
Slide 3: Our Vision and Our Mission
McFarlane Lake is a Canadian gold company advancing the large-scale Juby Gold Project in Ontario – a district-scale opportunity with multi-million-ounce growth potential and a clear path to production. OUR VISION OUR MISSION To build the next Canadian gold producer by advancing To drive shareholder
Slide 4: Juby: Developing a Multi-Million-Ounce Gold Project on the Path to Production
JUBY Developing A Multi-Million-Ounce Gold Project on the Path to Production Large-scale, High-quality Gold System TIER-1 JURISDICTION, TIER-1 POTENTIAL Ontario’s Abitibi Belt offers premier infrastructure, clear permitting, and proximity to major producers. PROVEN LEADERSHIP & TRACK RECORD 1.01M oz
Slide 5: Significantly Undervalued Compared to Peers
SIGNIFICANTLY U NDER VALUED COMP ARED TO P EERS COMPANY PROJECT MARKET CAP ($M)* EV ($M) RESOURCE (MOZ AU) MARKET CAP/OZ Juby Gold (Ontario) 47 58 4.18 11 Moss Gold 405 380 6.15 65 (Ontario) Fenn-Gib Gold 350 308 4.4 80 (Ontario) 287 Chibougamau** 294 3.54 83 Sold for $375M*** * As of January 16, 20
Slide 6: Leadership Team with Proven Development Expertise
Leadership Team with Proven Development Expertise EXEC UTI VE TEAM Mark Trevisiol Brad Boland Winston Whymark Andrew McLellan President, CEO, Chair of Board CFO, Corporate Secretary Manager Exploration Senior Geologist • 30+ years of experience in • 25+ years of experience in the • 15+ years of expl
Slide 7: Leadership Team with Proven Development Expertise: Board of Directors
Leadership Team with Proven Development Expertise BOARD OF DIRECTORS Perry Dellelce | Director Amanda Fullerton | Director Deborah Battiston | Director • Founder & Managing Partner, Wildeboer • VP, Legal & Corporate Secretary, GCM Mining • CPA, ICD.D with 35+ years of financial Dellelce LLP. Corp. a
Slide 8: Tier-1 Mining Jurisdiction: Ontario's Abitibi Region
ONTAR IO’ S A BITI BI RE GION TEIR-1 MINING Timmins JURISDICTION WORLD-CLASS INFRASTRUCTURE JUBY Established roads, power, and skilled labour support year-round exploration and low-cost development. PROVEN GOLD BELT Over 200 million ounces of Temiskaming Shores historical production – one of the JUB
Slide 9: Juby Gold Project: MLM Project Portfolio
M L M P R OJ E C T P O R T F O L I O Advancing a 100%-owned portfolio of gold assets in Canada ONT A RI O Michaud/ Munro FL AG SHIP A SSET JUBY GOLD PROJECT Timmins JUBY PROJECT • Juby Deposit • Big Dome Deposit • Golden Lake Deposit • Hydro Creek Deposit Sudbury McMIllan/ Mongowan Additional Portfo
Slide 10: Juby: Project Snapshot
JUBY : PROJE CT SNAPSHOT LOCATION Large-scale, near-surface gold system Near Gowganda, Ontario, within the Abitibi Greenstone Belt with flexible pathways to production OWNERSHIP 100% McFarlane Lake Mining Limited STAGE Resource Definition – Completed MRE GEOLOGICAL SETTING Archean-age Abitibi Belt –
Slide 11: Defined Gold Resources Provide a Strong Foundation for Growth
D EFINED GOLD RESOU RCES Detail Mineral Resource Estimate within pit shell + underground shapes Provide a Strong (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Foundation for Growth CUT-OFF GRADE TONNAGE GRADE CONTAINED METAL RESOURCES CONSTRAINTS (Au g/t)
Slide 12: Rising Gold Prices Present Huge Value Opportunity
RISING GOLD PRICES Gold Price Sensitivities Present Huge (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Value Opportunity GOLD PRICE REVENUE FACTOR (RF) CLASSIFICATION CONSTRAINTS CUT-OFF GRADE (Au g/t) TONNAGE (tonnes) GRADE (Au g/t) CONTAINED METAL (Moz)
Slide 13: High-Grade Open-Pit Potential: Strategic Starter Option
HIGH-GRADE OPEN -PIT POTENTIA L MORE GOLD | Conceptual HG Targets @ Juby Main Strategic open-pit starter option supports early production and cash flow generation RESOURCE CONTAINED METAL RESOURCE CONTAINED CUT-OFF AU G/T CUT-OFF AU G/T CLASSIFICATION AU OZ CLASSIFICATION METAL AU OZ Indicated 1.25
Slide 14: In Pit Mineralization + Outside Pit Mineralization
In Pit Mineralization + Outside Pit Mineralization H YD R O C R E E K LEG EN D BIG DOM E Pit Shell Isoshell (Au g/t) G OL D EN LA KE >2.00 0.25 – 2.0 J UBY DRIL LING HERE Significant Potential to add more ounces CSE: MLM | OTCQB: MLMLF | FRA: W2Z | 14
Slide 15: Expanding Potential at Depth
EXPA NDI NG POTENTIA L AT DEP TH Open at depth with significant upside potential for continued resource growth. < 8.7 km > H YD RO C RE E K BIG DOM E GOLDEN LA KE J UBY 750m ~300 m 1 km Open at depth & along strike | 0.25 g/t Au cutoff Gold deposits that extend well below depths of 3,000m Our deepes
Slide 16: More Gold: Parallel Structures
MORE GOLD Parallel Structures A | 826 Zone 0.85 g/t Au over 36.30m B | Byberg Mining Lease B Grabs up to 7.54 g/t Au D C | Juby Mining Lease C Grabs up to 17.60 g/t Au PARALLEL STRUCTURES? A D | What is under the glacial sand and gravel? CSE: MLM | OTCQB: MLMLF | FRA: W2Z | 16
Slide 17: Increasing Resources, Unlocking Value
INCREASING RESO UR CES, UNLO CK ING VALUE Systematic drilling and data-driven targeting designed to expand the Juby resource and unlock the project’s full gold potential. STRATEGY STRATEGY STRATEGY Process Unsampled Drill core Exploration Drilling Infill & Expand • Phase 1: Review and process 2,000
Slide 18: Strategic Exploration Targets: New Exploration Drill Targets
S TR A T E GIC EX PL O R AT I ON T A R GE TS New Exploration Drill Targets TA RG ET 1 TA RG ET 2 Juby East 2800m of strike length, under cover rocks 826 zone Hole JU-13-137 JUB Y DE PO SI T 0.9 gpt over 33.8m Inc (2.0 gpt over 8.8m) Looking North 1400m JUB Y DE PO SI T JU-13-137 Claim Boundary 2,800
Slide 19: Positioned for Major Resource Growth
P O S I T I O N E D F O R M A J O R R E S OU R C E G R O W T H Juby’s size, geology, and setting provide the foundation for a multi-million-ounce expansion story. MRE GROWTH +10Moz POTENTIAL Potential Target 8Moz Sensitivity at $3,750 / oz Au +10.0M OZ AU 6Moz IND: 1.2 M Oz @ 0.94 g/t Au INF: 4.2 M
Slide 20: The Path to Production
THE PATH TO PRODUCTION Disciplined, phased approach to development – focused on de-risking each stage and building long-term value. 2025 2026 2026 2027 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 • Acquisition and Updated NI • Phase 1 Infill & Exploration • Phase 2 Infill & Expansion • Complete Feasibility Study 43-101
Slide 21: Community Engagement & Environmental Stewardship
C O M M U N I T Y E N G A G E M E N T & E N V I R O NM E NT A L S T E W A R D S H I P FIRST NATIONS ENGAGEMENT EMPLOYMENT & TRAINING • Ongoing discussions to formalize Exploration • Prioritizing the employment of skilled First Agreements with local First Nations. Nations talent across exploration pr
Slide 22: Capital Structure
C A P I T A L S T R U CT U R E Ownership Structure CSE: MLM | OTC: MLMLF 15% Share Price C$0.11 41% Market Capitalization C$46.6 million 20% Shares Outstanding 423.0 million Warrants 94.8 million 24% Options 59.1 million Fully Diluted 577.2 million Management & Insiders Strategic Partners Institutio
Slide 23: Why Invest: Positioned for Growth
WHY INVEST McFarlane Lake Mining | Positioned for Growth NEWLY ACQUIRED, TRANSFORMATIONAL ASSET +90% METALLURGICAL RECOVERIES 1 Recent acquisition of the Juby Gold Project positions McFarlane as the owner of a large-scale, NI 43-101– compliant gold resource in Ontario’s Tier-1 Abitibi Belt. 4 Conven
Slide 24: Appendix
APPENDIX CSE: MLM | OTCQB: MLMLF | FRA: W2Z | 24
Slide 25: Notes to MRE for Tables 1 & 2
NOTES TO MRE FOR TABLES 1 & 2 Note 1: Mineral Resource Statement Notes 7. The 0.25 g/t Au cut-off for OP and the 1.85 g/t Au cut-off for UG used for reporting is based on the following: 1. CIM definition standards were followed for the resource estimate. a. Long term Gold price of US$2,500/oz b. Met
Slide 26: Contact Us
CONTACT U S Mark Trevisiol, CEO mtrevisiol@mcfarlanelakemining.com Investor Relations investors@mcfarlanelakemining.com CSE: MLM | OTCQB: MLMLF | FRA: W2Z CSE: MLM | OTCQB: MLMLF | FRA: W2Z | 26
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