Bulgold Inc · TSXV:ZLTO
Bulgold — Investor Presentation (March 2026)
34 slides from Bulgold's investor presentation, March 2026
Slide 1: BULGOLD Inc.
TSXV: ZLTO BULGOLD Inc. Exploring the European Portion of the Prolifically Endowed Western Tethyan Belt New Discoveries in Old Lands Contact: Sean Hasson President and Chief Executive Officer sean.hasson@BULGOLD.com James Crombie Executive Chairman james.crombie@BULGOLD.com www.BULGOLD.com March 202
Slide 2: Cautionary Note About Forward-Looking Information
Cautionary Note About Forward-Looking Information This presentation contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking information”). Generally, forward-looking information can be id
Slide 3: Corporate Structure (TSXV: ZLTO)
Corporate Structure (TSXV: ZLTO) Share Structure: 49,132,335 Mar 18, 2026 12 Month High: $0.11 Founders 12 Month Low: $0.02 19.4% Avg. Daily Vol.: 46.75k Directors & Management 8.9% Dundee Corporation Mar 18, 2026 52.5% 9.6% Closing: $0.065 DPM Metals Shares o/s 49,132,335 9.6% Float Diluted shares
Slide 4: Why Explore for Quartz-Adularia Epithermal Veins?
Why Explore for Quartz- Adularia Epithermal Veins? • Management expertise and experience with deposit style. • Excellent metallurgy: generally amenable to grinding-flotation (± gravity) to produce high-grade gold concentrates at ≥85% recovery. • Resource to reserve conversion usually expected to be
Slide 5: The Boxes That We Need to Tick
The Boxes That We Need to Tick Important considerations for the exploration of epithermal quartz vein systems: 1) Pedigree and Location. 2) The Vein System to be Drilled. 3) Preservation Potential - What Level in the System? 4) Is Gold Present in the System? 5) Potential Metallurgy? 6) Exploration U
Slide 6: Pedigree and Location
Pedigree and Location • Favourable Location Between Two Large Gold-Silver Epithermal Vein Systems. “Central Slovakia is the home of long and large epithermal vein systems.” • Kremnica Gold Deposit: • Historic production (via gravity): est. 1.6Mozs Au (Finka, 1995). • Current JORC (2012) mineral reso
Slide 7: Lutila Gold Project in Relation to Kremnica
Lutila Gold Project in Relation to Kremnica Kremnica: Significant Intercepts from Underground Drilling 5km • 6m @ 109.82g/t Au, (659 g/m) UGA-18; 1g/t Au cut-off, max. 3m internal dilution Kremnica Mining Licence • 1m @ 584g/t Au, (584 g/m) UGA-16; 1g/t Au cut-off, no internal dilution North East Bl
Slide 8: Kopernica Vein System: The Exploration “Toolkit”
Kopernica Vein System: The Exploration “Toolkit” Symbol Code Description CVQ Saccharoidal quartz vein (recrystallised chalcedony?) with drusy quartz lined >600mRL cavities, weak banding may be evident, commonly massive; No crustiform- colloform or lattice bladed textures. Sb > 100ppm. SCV Massive cr
Slide 9: Lutila Gold Project: The Kopernica Vein System Discovery
Lutila Gold Project: The Kopernica Vein System Discovery <600mRL >600mRL Andesite • Current surface footprint of Contact 0.55g/t Au 1,000 metres by 500 Outcrop metres. • 700-metre long Main Vein. Main Vein “Old 500m Mine” • Several subvertical hanging wall splay veins connected to the Main Vein. Spl
Slide 10: The Kopernica Vein System: The “Gold Window”
The Kopernica Vein System: The “Gold Window” N.B. Section line is defined by two blue arrows on the previous slide. 10
Slide 11: Hydrothermal Breccia
0.83g/t Au 0.25g/t Au, 922g/t As 1.18g/t Au 0.67g/t Au Hydrothermal Breccia 0.17g/t Au, 0.33% As 11
Slide 12: Hydrothermal Breccia-Quartz Vein Transition
0.54g/t Au 0.18g/t Au 2.03g/t Au 0.18g/t Au Hydrothermal Breccia-Quartz Vein Transition <0.01g/t Au, 0.48% As 12
Slide 13: Epithermal Quartz Vein
0.62g/t Au 0.81g/t Au 0.76g/t Au 0.34g/t Au 0.76g/t Au Epithermal Quartz Vein 13
Slide 14: Preservation Potential: Excellent
Preservation Potential: Excellent • Surface rocks largely consist of hydrothermal breccias with clasts of epithermal quartz veins dislodged from deeper parts of the vein system. • If sinters were present, then they have now been removed by erosion. • At lower elevations, quartz vein boulders and roc
Slide 15: Gold is Present in the System (North East Block)
Gold is Present in the System (North East Block) • No gold in rock above the 600mRL. BL Kopernica Vein • Gold in rock below the 600mRL. System Vein System • Minor gold in deep drill holes. • n = 1,252 samples (23% ≥ 0.1g/t Au). 3,000m All surface rock and drill core locations.
Slide 16: Potential Metallurgy (Based on Kremnica)
Potential Metallurgy (Based on Kremnica) • “A program of metallurgical test work was carried out by Process Research Associates (PRA) in Vancouver, BC, Canada between 2005 and 2006 on a range of ore samples. This work established that Kremnica ore presented no particular treatment problems.” • BULGO
Slide 17: The Boxes That We Have Ticked
The Boxes That We Have Ticked 1) Pedigree and Location – Exceptional. 2) The Kopernica Vein System. 3) Preservation Potential – Excellent. 4) Gold is Present in the System. 5) Potential Metallurgy – Looking Good. 6) Exploration Upside – Find One Vein, Then Look For More... 17
Slide 18: The Kopernica Vein System: Drill Test the “Gold Window”
The Kopernica Vein System: Drill Test the “Gold Window” Proposed Drillholes (200m depth) 18
Slide 19: Slovakia
Slovakia • Drill pads can be permitted within 3-months. NON-EU • EU and NATO member since 2004. EU SK • Eurozone (€) member since 2009. BG • No restrictions on foreign ownership. • 21% corporate tax rate. • 5% NSR for gold and silver. • Low-cost profiles and a skilled local workforce. • The use of C
Slide 20: The BULGOLD Team - Management
The BULGOLD Team - Management James Crombie, Executive Chairman Sold Palmajero Gold for $1.13B to Coeur d’Alene and put together Miramar’s Arctic deposits setting up the $1.5B sale to Newmont. Successfully closed a $2M CPC IPO in April 2022. +40 Years Mining, Exploration & Capital Markets Experience
Slide 21: The BULGOLD Team - Board of Directors
The BULGOLD Team - Board of Directors Dr Mihaela Barnes, Independent Director, Chair ESG & Nominating Committee Ph.D. in International Law (Geneva) together with legal qualifications and experience in both common and civil law. +15 Years Environmental, Social & Governance Experience. Vanessa Cook, I
Slide 22: We Find Gold.
We Find Gold. • Over 1,000 years of exploration and mining of epithermal vein systems in Central Slovakia demonstrates that, to date, every discovered vein system has contained either gold or silver. • A seasoned group of explorers with a solid track record of discovery. • Expertise and experience w
Slide 23: Appendix
Appendix 23
Slide 24: Lutila Gold Project Historic Soil Geochemistry (As)
Lutila Gold Project Historic Soil Geochemistry (As) 24
Slide 25: Lutila Gold Project Historic Soil Geochemistry (Sb)
Lutila Gold Project Historic Soil Geochemistry (Sb) 25
Slide 26: Lutila Gold Project Geology
Lutila Gold Project Geology 26
Slide 27: Lutila Gold Project Conceptual Exploration Model
Lutila Gold Project Conceptual Exploration Model W E • The Company believes that the Lutila Gold Project reflects a continuation of the same volcanic depression (that hosts the Kremnica gold mine), which has been downfaulted, creating a preserved graben of rhyolite flow domes complexes and their pyr
Slide 28: Kremnica Quartz Vein + Gold
Kremnica Quartz Vein + Gold 28
Slide 29: Kremnica Vein II System: Attributes
Kremnica Vein II System: Attributes • The system consists of more than 40 veins with most situated beneath the town of Kremnica. • The veins are commonly accompanied by thin veinlets with high Au and Ag contents. • The thickness of the veins decreases with depth. • The veins strike NNE-SSW and dip 5
Slide 30: Plan View of the Kremnica Vein II System
Plan View of the Kremnica Vein II System 1,000m Located 5km northeast of the Kopernica Vein 500m System. 30
Slide 31: Kremnica Vein II System: Historic Cross-Sections
Kremnica Vein II System: Historic Cross-Sections 31
Slide 32: References
References September 27, 2023 “BULGOLD Acquires the Lutila Gold Project in Slovakia for 100 EUR” May 1, 2024 “BULGOLD Highlights the Potential Scale of the Lutila Gold Project Through a Review of Historic Exploration Data” July 3, 2024 “BULGOLD Commences Drilling on the Lutila Gold Project” Septembe
Slide 33: Contractual Rights of Action
Contractual Rights of Action In certain circumstances, purchasers of the Company’s securities resident in certain provinces of Canada are provided with remedies for rescission or damages, or both, in addition to any other right they may have at law, where certain documents provided in connection wit
Slide 34: Contractual Rights of Action
Contractual Rights of Action Ontario Purchasers Where an offering memorandum or any amendment thereto contains a misrepresentation, a purchaser who purchases a security offered by the offering memorandum during the period of distribution has, without regard to whether the purchaser relied on the mis