Mcfarlane Lake Mining Limited · CSE:MLM
Mcfarlane Lake Mining — Investor Presentation (April 2026)
26 slides from Mcfarlane Lake Mining's investor presentation, April 2026
Slide 1: Corporate Presentation April 2026
CO RPORATE PRESENTAT IO N AP RIL 2 02 6
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation of McFarlane Lake Mining Incorporated (the “Company” or “McFarlane Lake”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or s
Slide 3: Cautionary Statement on Mineral Resources
Cautionary Statement on Mineral Resources This news release uses the terms indicated and inferred mineral resources as a relative measure of the level of confidence in the res ource estimate. Readers are cautioned that mineral res ources are not mineral res erves and t hat the economic viability of
Slide 4: Latest MRE – September 29, 2025
Latest MRE – September 29,2025 US$2500/oz Au: 3.17 million inferred ounces gold at 0.89 gpt gold 1.01 million indicated ounces gold at 0.98 gpt gold (See Table 1 and note 1) Resource Sensitivities at US $3750/oz gold Juby yield: Timmins 4.22 million inferred ounces at 0.85 gpt gold Sudbury 1.2 milli
Slide 5: The Juby Project has all the infrastructure to support a district scale mining camp
The Juby Project has all the infrastructure to support a district scale mining camp IT CHECKS ALL THE BOXES Discovery Silver ✓ INFRASTRUCTURE – POWER, ROADS Agnico Eagle ✓ POPULATION BASE 25,000 WITHIN Alamos Gold 100 KM ✓ +90% METALLURGICAL RECOVERIES (impurity free) Iamgold ✓ PRODUCTION OPTIONALIT
Slide 6: Investment Opportunity: Juby Gold (Ontario)
Investment Opportunity GREATLY UNDERVALUED OPPORTUNITY Where we play FOR GOLD INVESTING Company Project Market Cap EV ($M) Resource (Moz Au) Market Cap/Oz ($M)* Juby Gold 65 54 4.18 15 (Ontario) Moss Gold 686 370 6.67 107 (Ontario) Fenn-Gib Gold 355 300 4.45 82 (Ontario) Chibougamau* 294 287 3.54 83
Slide 7: Located amongst Canada's Largest Gold Mines in Prolific Abitibi Greenstone Belt
Located amongst Canada’s Largest Gold Mines in Prolific Abitibi Greenstone Belt that has produced >200Moz Major Fault Zones ➢ 116,000 meters drill to date ➢ Drill core and drill logs in tack for review CSE: MLM OTCQB: MLMLF 7
Slide 8: Exploration - Focused On Adding Gold Ounces
Exploration - Focused On Adding Gold Ounces +10Moz Potential Target 8Moz +10.0MAT oz Au 6Moz ~ 1 g/t Au Sensitivity at $3750 / oz Au 4Moz IND: 1.2 M Oz @ 0.94 g/t Au Based on Geological MRE Growth INF: 4.2 M Oz @ 0.85 g/t Au 0.25 COG @ $2500 Au Modeling Review this is what we are 2Moz Potential IND:
Slide 9: Value Add Drivers 2026 Results to date
Value Add Drivers 2026 Results to date Exploration - Target to add 1 million ounces of 8 to 10 million cubic meters of new mineralization identified inferred resources – drilling only 50% complete • 208 m of 0.88g/t Au (includes 95 m of 1.36g/t) • 92 m of 0.95 g/t Au • 22.35m of 3.32 g/t Au (within
Slide 10: Drilling at Golden Lake Deposit 2026
Drilling at Golden Lake Deposit 2026 CSE: MLM OTCQB: MLMLF 10
Slide 11: Four Gold Deposits
FOUR GOLD DEPOSITS HYRDO CREEK BIG DOME GOLDEN LAKE JUBY CSE: MLM OTCQB: MLMLF 11
Slide 12: More Gold – Exploration Plan 2026
More Gold – Exploration Plan 2026 CSE: MLM OTCQB: MLMLF 12
Slide 13: More Gold - Parallel Structures
MORE GOLD - PARALLEL STRUCTURES A – 826 Zone 0.85 g/t Au over 36.30m B B – Byberg Mining Lease Grabs up to 7.54 g/t D Au C – Juby Mining C Lease Grabs up to 17.60 g/t Au PARALLEL STRUCTURES? A 2.5km D – What is under the glacial sand and gravel CSE: MLM OTCQB: MLMLF 13
Slide 14: Mineralization Extension – Golden Lake Deposit Looking North
Mineralization Extension – Golden Lake Deposit Looking North CSE: MLM OTCQB: MLMLF 14
Slide 15: Hole 26-71
Hole 26-71 CSE: MLM OTCQB: MLMLF 15
Slide 16: Exploration - Focused On Adding Gold Ounces: 826 Zone
Exploration - Focused On Adding Gold Ounces Annoucement January 2026 – 826 Zone CSE: MLM OTCQB: MLMLF 16
Slide 17: Isometric looking East at the 826 Zone
Our Announcement March 2/2026 Isometric looking East at the 826 Zone CSE: MLM OTCQB: MLMLF 17
Slide 18: Juby bulk sample outcrop – top of a hill
Juby bulk sample outcrop – top of a hill
Slide 19: Concept for extracting bulk sample at Juby
Concept for extracting bulk sample at Juby “excavating hilltop” - potentially 1 or 2 Bench 1 benches. Approximately 50 m wide x (75-150 m) long X 5 m in depth 5m Bench 2
Slide 20: Preliminary Layout Plan Juby Bulk Sample
Preliminary Layout Plan Juby Bulk Sample DRAFT ONLY March 31, 2026 MW-7 Preliminary Laydown Items: - 2 units – 10’x40’ Trailers - 1 unit – 250 kVa Genset - Mobile crusher - ROQ stockpile - 1,781 m3 (4800 tonne) - Crushed stockpile - 172 m3 (470 tonne) - Estimate Bulk Sample - 6m bench - 17,000 m3 (4
Slide 21: High Grade Open Pit Potential – Early Ore Shipping
HIGH GRADE OPEN PIT POTENTIAL – EARLY ORE SHIPPING Over 1 million ounces of HIGH-GRADE GOLD within open pit shells Resource Contained Resource Contained Cut-Off Au g/t Cut-Off Au g/t Classification Metal Au Oz Classification Metal Au Oz indicated 1.25 2.09 inferred 1.25 2.11 479,000 1,081,000 indica
Slide 22: Next Steps - The Path to Developing Ontario's Next Gold Deposit
Next Steps -The Path to Developing Ontario's Next Gold Deposit 2025 Q3 Q4 2026 ✓ Acquisition + 43-101 Q1 Q2 2026 update (completed) ➢ Complete Phase 1 Infill & Q3 Q4 exploration 10-15k meter ➢ Commence Phase 2 Infill 2027 ✓ Drilling by Dec 2025 diamond drill program Q1 Q4 (permit received, and expan
Slide 23: Capital Structure
Capital Structure Aris Mining owns 19.5% of common shares As of Nov 2025 Shares Outstanding 423,000,000 Warrants 102,000,000 Options 59,625,000 Fully Diluted 580,625,000 Market Capitalization $60 M CSE: MLM OTCQB: MLMLF 23
Slide 24: Appendix 1
APPENDIX 1 CSE: MLM OTCQB: MLMLF 24
Slide 25: Notes to MRE for Tables 1 and 2
NOTES TO MRE for Tables 1 and 2 (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Note 1: Mineral Resource Statement Notes 1. CIM definition standards were followed for the resource estimate. 2. This Mineral Resource has an effective date of September 29, 202
Slide 26: Juby Gold Project Ontario Site Infrastructure Concept
Juby Gold Project Ontario Site Infrastructure Concept ( Data below is considered historical see note regarding historical estimate referenced herein**) What would it look like? CSE: MLM OTCQB: MLMLF 26
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