Viva Gold Corp · TSXV:VAU
Viva Gold — Investor Presentation (October 2026)
19 slides from Viva Gold's investor presentation, October 2026
Slide 1: Advanced Gold Development with Exploration Upside in Nevada
OCTOBER 2026 Advanced Gold Development with Exploration Upside in Nevada TSXV: VAU | OTCQB: VAUCF | FRANKFURT: 7PB
Slide 2: Cautionary Notes
Cautionary Notes Forward-looking information Qualified persons This presentation contains certain information that may constitute forward-looking information Mr. James Hesketh, President & CEO of Viva Gold, MMSA-QP and Qualified Person under NI or forward-looking statements under applicable Canadian
Slide 3: Investment Highlights
Investment Highlights Nevada: a proven place to build a mine Established permitting process, experienced mining workforce, and excellent supply chain. Tonopah is on the Walker Lane trend, with highway, power and water at the property. A team of experience mine builders Directors and management who h
Slide 4: Tonopah Gold Project
Tonopah Gold Project A 100% owned open pit gold project on the Walker Lane trend in Nevada. 504 koz 100% Measured & Indicated gold Ownership 0.59 g/t Au. 86% of contained ounces. No JV partner. 2% NSR on 184 of 546 claims. ~75 koz/yr 404 koz PEA production, years 1–2 Payable gold, PEA 50 koz/yr in y
Slide 5: Main Deposit: Ideal Geometry for Open Pit
Main Deposit: Ideal Geometry for Open Pit West East QAL TVU TVL TVL OPA NW Fault (Mineralizer?) Discovery Fault (Pre & Post Mineral) Dauntless Fault (Pre & Post Mineral) Looking North, 100-meter slice ▪ Epithermal gold deposit controlled by both lithology and structure Resource Block Grades > 5.0 g/
Slide 6: Infrastructure and Permitting
Infrastructure and Permitting Road, power and water are at the property, and baseline environmental work is well advanced. Access Paved state highway to the property. Water Tonopah Public Utility commercial pipeline on the east boundary of the claim block. The utility controls substantial water righ
Slide 7: 2025 Mineral Resource Estimate
2025 Mineral Resource Estimate Effective June 13, 2025, prepared by WSP. 86% of contained gold is Measured & Indicated. 504,000 oz Measured & Indicated gold The Midway Hills discovery is not included in this estimate. C L AS S I F I C AT I O N TONNES (000S) AU ( G / T ) AG ( G / T ) AU ( O Z ) AG (
Slide 8: 2025 PEA: Mine Plan
2025 PEA: Mine Plan Conventional open pit, mill and heap leach. Payable gold by year, PEA (000 oz) 75 75 50 50 50 50 50 Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 MINE AND PLANT PRODUCTION Daily mining rate 45,000 t/d Mill feed 4.5 Mt at 1.75 g/t Au Crushing plant 10,000 t/d Heap leach feed 19.0 Mt at 0.37
Slide 9: 2025 PEA: Economics
2025 PEA: Economics Base case gold price of US$2,400/oz. All figures in US dollars. US$219.9M US$1,269 17.6% 43.4% Initial capital All-in sustaining cost / oz After-tax IRR at US$2,400/oz After-tax IRR at US$3,200/oz C AP I T AL C O S T S US$ O P E R AT I N G C O S T S ( L O M AV G . ) US$ Initial c
Slide 10: 2025 PEA Sensitivity to Gold Price
2025 PEA Sensitivity to Gold Price After-tax returns at a range of gold prices. The PEA base case is US$2,400/oz. GOLD PRICE (US$/OZ) AF T E R - T AX I R R AF T E R - T AX N P V 5 % ( U S $ 0 0 0 ) AF T E R - T AX N P V / S H AR E ( U S $ ) US$2,000 2.9% 13,370 0.06 US$2,400 (base case) 17.6% 111,61
Slide 11: 2026 Drill Program
2026 Drill Program 19 RC holes totaling 3,210 m, in the main pit area and at Midway Hills. Highlights HOLE FROM (M) LENGTH (M ) AU ( G / T ) AG ( G / T ) COMMENT TG2606 74.7 32.0 3.14 8.11 Shallow; upgrades inferred to mill grade incl. 76.2 9.1 9.27 16.48 TG2610 123.4 59.4 1.08 1.97 Western pit exte
Slide 12: Pre-Feasibility Study: Q4 2026
Pre-Feasibility Study: Q4 2026 Optimizing the mine plan for profitability and returns. New mineral resource estimate and declares minable mineral reserve with higher level costing detail replacing 2025 PEA. 1 Brings higher grade forward 2 More resource to schedule Re-sequence the mine for early acce
Slide 13: Midway Hills Discovery
Midway Hills Discovery 1.4 km west of the PEA pit. Not included in the mineral resource estimate or the PEA. Three Holes at 100+ meters apart with grade and thickness increasing to west. 35.1 m at 1.62 g/t Au and 16.7 g/t Ag Including 1.5 m at 18.4 g/t Au. Hole TG2617; ended in mineralization. ONGOI
Slide 14: Midway Hills: CSAMT Geophysics over Gravity
Midway Hills: CSAMT Geophysics over Gravity Additional CSAMT lines are recommended over the discovery zone. TG2617 TG2616 ▪ New discovery likely associated with a basement bounding fault structure ▪ Existing CSAMT only partially covers new discovery zone ▪ 18.2 Km new of CSAMT to be completed in Oct
Slide 15: Path to Production
Path to Production The current work program is funded. Additional financing will be required to build the mine. Funded Q4 2026 H1 2027 H2 2027–28 2027–28 2028 After decision Production PFS and Mine Plan of NEPA permitting Design Construction Construction Cash flow baseline studies Operations enginee
Slide 16: Capital Structure
Capital Structure As at October 1, 2026. No debt. >50% Shares outstanding 212,943,527 Options 7,000,000 of shares held by institutions Warrants 58,151,090 Fully diluted 278,094,617 Institutional Other Debt Nil Largest institutional holder Cash (approx.) >C$8.0 million C$6.5 million private placement
Slide 17: Board and Management
Board and Management Directors and management with experience building and running mines. James Hesketh Christopher Herald Steven Krause Ted Mahoney President, CEO & Director Chairman & Director Chief Financial Officer Director Former CEO of Atna Resources and President, CEO and Director of Solitari
Slide 18: Summary
Summary Nevada, on the Walker Lane: a leading jurisdiction to build a mine A board and management team that has built and run mines Entering permitting: PFS in Q4 2026, Mine Plan of Operations in 2027 to initiate the NEPA (EIS) permit review process High-grade discovery at Midway Hills, with drillin
Slide 19: Contact
Contact James Hesketh President & Chief Executive Officer +1 720 291 1775 · jhesketh@vivagoldcorp.com Graham Farrell Investor Relations +1 416 842 9003 · graham.farrell@vivagoldcorp.com vivagoldcorp.com TSXV: VAU | OTCQB: VAUCF | FRANKFURT: 7PB