Japan Gold Corp · TSXV:JG
Japan Gold — Investor Presentation (December 2025)
31 slides from Japan Gold's investor presentation, December 2025
Slide 1: Rediscovering Japan's Gold Resources
REDISCOVERING JAPAN’S GOLD RESOURCES TSXV | JG OTCQB | JGLDF DECEMBER 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the British Columbia Securities Act. These statements relate to future events or the Company's future performance. All statements, other than statements o
Slide 3: Exploring for High Grade Epithermal Gold Deposits in Japan
EXPLORING FOR HIGH GRADE EPITHERMAL GOLD DEPOSITS IN JAPAN Japan Gold is a Canadian publicly traded company focused on the exploration for high-grade gold deposits in Japan. Japan Gold’s technical capability and extensive portfolio of properties prospective for high-grade epithermal gold mineralizat
Slide 4: Why Japan?
WHY JAPAN? • HISTORY OF HIGH-GRADE GOLD MINING • UNDER EXPLORED WITH MODERN METHODS • LOW CAPEX POTENTIAL • SIGNIFICANT INFRASTRUCTURE • SAFE JURISDICTION • LOW ENVIRONMENTAL IMPACT • MINING FRIENDLY REGIME 44 TSXV TSXV||JG JG OTCQB OTCQB || JGLDF JGLDF
Slide 5: Investment Thesis
INVESTMENT THESIS • FIRST MOVER • WORLD CLASS TEAM • DISTRICT SCALE PORTFOLIO • DE-RISKED OPPORTUNITY •• COMPREHENSIVE TECHNICAL DATABASE • EXPLORATION UPSIDE • ESTABLISHED BUSINESS -PERMITTING AND IN-HOUSE DRILLING EXPERTISE • ACTIVELY DRILLING FOR DISCOVERIES 55 TSXV| |JG TSXV JG OTCQB OTCQB| |JGL
Slide 6: Rich History of Gold Mining
RICH HISTORY OF GOLD MINING 500 YEARS OF GOLD MINING PRE-WWII 76 GOLD PRODUCING MINES: ➢ SADO MINE – 2.5 Moz ➢ KONOMAI MINE– 2.35 Moz ➢ KUSHIKINO MINE– 1.8 Moz ➢ TAIO MINE – 1.1 Moz ➢ TAKATAMA MINE – 930,000 oz ➢ YAMAGANO MINE – 900,000 oz WWII GOVERNMENT CLOSURES POST WWII: LIMITED PRODUCTION 66 TS
Slide 7: 1981: Concealed Ore Body Discovered, Kyushu Island
1981: CONCEALED ORE BODY DISCOVERED KYUSHU ISLAND Sumitomo Metal Mining Co., Ltd. Hishikari Mine DISCOVERY OF HISHIKARI DEPOSIT 15 centimeters of 290 g/t Au at 200m 1985: HISHIKARI MINE BEGINS PRODUCTION 14 Moz Au DEPOSIT 8.6 Moz MINED1 (1985-2024) +20 g/t Au SHALLOW UNDERGROUND MINE LOW ENVIRONMENT
Slide 8: Compelling Economics for Mine Development
COMPELLING ECONOMICS FOR MINE DEVELOPMENT Toyo Smelter & Refinery in Japan Japanese epithermal projects provide silica/flux for domestic smelters, offering compelling economic model for new miners of epithermal gold deposits Japanese base metal smelters Directly shipping silica-rich gold import raw
Slide 9: Japan Welcomes Exploration
JAPAN WELCOMES EXPLORATION 2012 • MINING ACT CHANGES – ALLOW FOREIGN EXPLORATION 2016 - 2025 • AS THE FIRST MOVER, JAPAN GOLD SECURES LARGEST LAND PACKAGE • ~3,000 SQ KM OF HIGHLY PROSPECTIVE GROUND SURROUNDING PAST MINES AND THE HISHIKARI MINE • SYSTEMATIC EXPLORATION RESULTED IN SIGNIFICANT COUNTR
Slide 10: 2024-2025 Operational Recap
2024-2025 OPERATIONAL RECAP • STRENGTHENED MANAGEMENT TEAM • STREAMLINED EXPLORATION DIVISION • REDUCED OVERHEAD BY 40% • REFINED EXPLORATION TARGET •• EXPEDITED PERMITTING PROCESS • ROYALTY SALE TO OR ROYALTIES (OSISKO GOLD ) • COMPLETED 3 FULLY-FUNDED DRILL PROGRAMS • RANKED AND RATED PROJECT PORT
Slide 11: Unlocking District Scale Exploration
UNLOCKING DISTRICT SCALE EXPLORATION HOKKAIDO Kitami District KYUSHU Hokusatsu District 11 TSXV | JG OTCQB | JGLDF
Slide 12: Completed Drill Programs
COMPLETED DRILL PROGRAMS Advanced Drill Target Ebino Togi Hakuryu 1,528.2 m 968.2 m 565.7 m Saroma Mizobe 1,309 m 2,339.90 m Drill Testing Ryuo Ohra Takamine 7,162.7 m 2,042 m Kitano-o 4,872 m Hokusatsu District Noto Peninsula Kitami District Project Kyushu Honshu Hokkaido Generation 12 TSXV | JG OT
Slide 13: Active Exploration Pipeline
ACTIVE EXPLORATION PIPELINE 2025-2026 Exploration Strategy Advance at least one target into this zone Advanced Drill Target Ebino Togi Hakuryu Drill Testing Mizobe Ikutahara: Bajo Tobaru-Fuke Saroma-Jomon Target North Taio Kitano-Showa Definition Ryuo Sanru Hokusatsu District Noto Peninsula Kitami D
Slide 14: Kyushu: Hokusatsu District
KYUSHU Hokusatsu District Japan’s premier epithermal region Over 12 million ounces of gold produced 1. Hishikari Mine • 8.6Moz Au (1985-2024) • One of the world’s highest gold grade mines • 20 grams of gold per ton - five times the global average1 • Largely a blind deposit 2. Yamagano Mine – 0.9Moz
Slide 15: Kyushu: Hokusatsu District Targets
KYUSHU Hokusatsu District New search space Targeting concealed epithermal vein systems Priority Targets • Ebino – 1,528m drilled • Mizobe – 2,339m drilled – 1,600m drilling under way Additional Target Definition • Tobaru • Tobaru-Fuke • Gumyo • Isa Focused on advancing best drill targets to discover
Slide 16: Mizobe: Emerging Undercover Prospect – Multiple Targets
MIZOBE: EMERGING UNDERCOVER PROSPECT – MULTIPLE TARGETS • Initial drilling has confirmed the presence of broad zones of mineralization sitting below post mineralization cover (Au–As– Sb) • Alteration (clay-silification) and geochem pathfinder association(Au-As-Sb), interpreted to represent the high
Slide 17: Mizobe: Drill Program
MIZOBE: DRILL PROGRAM 17 TSXV | JG OTCQB | JGLDF
Slide 18: Ebino: Otsuka, KZ, and Masaki Targets
EBINO: Otsuka, KZ, and Masaki targets Otsuka and KZ targets: all 3 drill holes intersected strong zones of hydrothermal clay alteration including structurally controlled kaolinite and dickite 18 TSXV | JG OTCQB | JGLDF Source: Sumitomo Metal Mining Co., Integrated Report, 2nd August 2024
Slide 19: NW Trending Alteration Corridor Tobaru–Ebino
NW TRENDING ALTERATION CORRIDOR TOBARU– EBINO • 4 zones of advance argillic alteration related clay alteration situated on a major northwest trending gravity gradient • Highly prospective corridor as the higher-grade veins systems at Hishikari, Okuchi and Fuke sit outboard of this zone • Limited his
Slide 20: Middle Kyushu: Bajo
MIDDLE KYUSHU: BAJO Bajo Mine 418 koz Au: • 317 koz @ 125.9g/t Au & 557g/t Ag derived from a single vein Taio Mine • 1.15 Moz @ 6.3 g/t Saganoseki Smelter & Refinery Operated by JX Metals Smelting Co., Ltd., group company of JX Nippon Mining & Metals Corporation 20 TSXV | JG OTCQB | JGLDF
Slide 21: Bajo
BAJO Priority Targets • SW Extensions of the Bajo Veins • Bajo West Mineralized Zone Next phase of exploration • Drill target definition 21 TSXV | JG OTCQB | JGLDF
Slide 22: Hokkaido: Hakuryu
HOKKAIDO: HAKURYU May 2025 • 3 drill holes, totalling 565.70m, demonstrated continuity of mineralization along 145 m strike length • Best results: 24.1 g/t Au over 0.6m 22 22 TSXV | JG OTCQB | JGLDF
Slide 23: Ikutahara District: Ikutahara/Kanahana
IKUTAHARA DISTRICT: IKUTAHARA/KANAHANA Overview • Over 30 historic mines and workings, closed by the government in 1943 • 10 x 5km prospective zone advancing - situated on edge of a major graben and contains historic workings, high level epithermal related alteration – clay blankets and in places si
Slide 24: Honshu: Togi
HONSHU: TOGI 24 TSXV | JG OTCQB | JGLDF
Slide 25: Honshu: Togi
HONSHU: TOGI Located on the Noto Peninsula, Honshu Island, centred on the historic Togi Mine Akasaka target • Initial drilling completed 2 drill holes to 1,000 meters • Confirmed well-preserved gold bearing system below shallow cover, extending 1 km from known workings, with additional strike potent
Slide 26: Prospect Generator Model
PARTNER FUNDED MODEL Prospect Generator Model • District scale land packages • Portfolio of high-quality and diversified prospects • Database compiled over 3,000 sq km • Operational and Technical expertise o Permitting o In-house drilling capabilities o Demonstrated agility • Accelerating prospects
Slide 27: Proven Management and Board of Directors
PROVEN MANAGEMENT AND BOARD OF DIRECTORS CEO COO CFO GM VP Corp Senior Technical VP Exploration Chairman Director Administration Communications Advisor John Proust Takashi Kuriyama Vince Boon Jason Letto Masanao Kusui Fraser Alexia Helgason 40 years at 21 years with Vale, track 18 years in industria
Slide 28: Share Structure
SHARE STRUCTURE OWNERSHIP 304,849,217 Shares Issued & Outstanding INSTITUTIONS 63% & FUNDS 7,555,000 PUBLIC 26% Options FLOAT NEWMONT 8% 14,096,297 MANAGEMENT 3% & INSIDERS Restricted Share Units 2,000,000 Warrants Royalty Sale Barrick Alliance Non-Dilutive Funding Non-Dilutive Funding 328,500,514 U
Slide 29: Non-Dilutive Funding: Osisko Gold Royalties
NON-DILUTIVE FUNDING OSISKO GOLD ROYALTIES Royalty Sale Terms US$5M FOR 1.5% NET SMELTER RETURN ROYALTY Property portfolio in Japan FURTHER OPTIONALITY Osisko GR option to purchase additional 0.5% royalty for US$3M in 2026 PROCEEDS FUND EXPLORATION Net proceeds will be primarily used for the explora
Slide 30: Why Invest in Japan Gold?
WHY INVEST IN JAPAN GOLD? Unique exploration opportunity to unlock high grade epithermal gold deposits Low geopolitical risk New search space World Class team with stable mining with focused with a proven track regulatory regime and approach to record of government support discoveries discoveries Ri
Slide 31: Follow Us On: @JapanGold
Corporate Office Suite 650 - 669 Howe Street Vancouver, BC V6C 0B4 Canada Phone: +1 (778) 725-1491 Alexia Helgason VP Corporate Communication Email: ahelgason@japangold.com Tokyo Office ARK Hills Executive Tower, Suite 801 1-14-5 Akasaka, Minato-ku Tokyo, Japan 31 31 31 TSXV || JG TSXV JG OTCQB OTCQ