Spanish Mountain Gold Ltd. · TSXV:SPA
Spanish Mountain Gold — Red Cloud Webinar (July 2025)
22 slides from Spanish Mountain Gold's conference presentation, Jul 16, 2025
Slide 1: Red Cloud Webinar
Spanish Mountain Gold Ltd. TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y Red Cloud Webinar July 16, 2025 TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y © 2025 Spanish Mountain Gold Ltd. All rights reserved.
Slide 2: Cautionary Statement
Cautionary Statement This presentation under no circumstances is to be construed to be an offering of securities of the Company. Neither this presentation nor its delivery to the recipient will constitute an offer to sell, or the solicitation of an offer to buy the assets and or securities described
Slide 3: Large Gold Resource in the Cariboo Gold District
Spanish Mountain Gold - Large GOLD Resource in the Cariboo Gold District Fast-Tracking to a 2027 Build Decision Project Location Near Infrastructure Large Resource in the Cariboo Gold District Favorable Tier 1 Jurisdiction – Cariboo Gold Corridor Deposit Tonnage Au Grade Contained Au (M&I) SMG Proje
Slide 4: New Vision
Fast-track1 to a build decision by 2027 Confidence: over 251 km of drilling De-risked high early cashflow FSE: FSE: S3Y S3Y S3Y GOLD TOWARDS UPSIDE SUSTAINABILITY SPAUF|| | FSE: LEVERAGE PRODUCTION GROWTH EXCELLENCE OTCQB:SPAUF SPAUF • Large M&I resource at Potential accelerators: Drill Target
Slide 5: Capital Markets Summary
Capital Markets Summary Capital Structure Overview Share Price & Volume (Last 12 Months) Share Ownership Tickers TSXV:SPA $0.25 2.0 OTCPK:SPAU.F Volume Price DB:S3Y 1.8 Directors & 18% Officers TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y Share Price C$0.20 $0.20 1.6 (as of July 10, 2025) 1.4 Volume (millio
Slide 6: Board & Management Team
Board & Management Team Highly experienced team with decades of innovative mining, exploration, development & operational expertise SPAUF || FSE: OTCQB: SPAUF S3Y FSE:S3Y Brent Bergeron Lembit Janes Richard Orazietti Garnet Dawson SPA || OTCQB: Chair & Director, M.A. (Economics) Director, MBA Direct
Slide 7: Breakout Time Approaching
Breakout Time Approaching …Transitioning to a Developer S3Y FSE:S3Y SPAUF || FSE: T R END Artemis OP ER EL DEV OTCQB:SPAUF Expansion Study Skeena (Feb 2024) Spanish Mountain Gold Updated FS New PEA & MRE (Dec 2023) SPA| |OTCQB: H1 2025 EXPLORER TREND TSXV: TSX-V: SPA Note Share Price Performance Nov
Slide 8: Large Scale, High Margin Gold Project
Large Scale, High Margin Gold Project 8 Long mine life Large mineable resource Large scale, profitable future gold operation Large throughput rate Low strip ratio with reduced environmental impacts June 2021 S3Y FSE:S3Y July 2025 PEA Improvement Life of Mine Production Profile PFS SPAUF | |
Slide 9: July 2025 PEA Highlights
July 2025 PEA Highlights 9 Base Case Spot1 Re-envisioned, larger scale conventional open-pit Gold Price (US$/oz) $2,450 $3,300 project Silver Price (US$/oz) $28.50 $36.00 Exchange Rate (USD/CAD) 1.35 1.35 Significant, low-cost production Mine Life (years) 24.5 S3Y FSE:S3Y New innovative, de-ri
Slide 10: Updated 2025 MRE
Updated 2025 MRE 10 Spanish Mountain Project NI 43-101 Mineral Resource Estimate • Over 251,000 m of drill data Cut off Tonnes Gold Contained Silver Contained Area Classification (g/t Au) (Mt) (g/t) Gold (koz) (g/t) Silver (koz) • Incorporates successful drill Measured 77.4 0.53 1,321 0.68 1,701 pro
Slide 11: 2025 Plan and Catalysts
2025 Plan and Catalysts 2025 Mineral Resource & Exploration Drill Program H1 H2 2024 Drill Program completed All assays released in 2024 • Advancing towards 2025 Drill Program and assay results Released 2025 feasibility studies completed TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y • Ongoing positive NEW Mi
Slide 12: Near Surface Focus
EXPLORATION UPSIDE The Wall Of Fame core image - 25-CCR- The Wall Of Fame core image – 25- DH -1285 051 Near Surface Focus Sphalerite (Zn) Pyrite MAIN DEPOSIT Galena (Pb) HIGH GRADE K-Zone TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y extension(s) Galena (Pb) PHOENIX DEPOSIT Gold Open in all directio
Slide 13: 2025 Near Surface K Zone – 581 gptm & New Record High Grade
2025 Near Surface K Zone – 581 gptm1 & New Record High Grade Intercept Long Section View - Looking Northeast Result Highlights 2 • Hole 25-DH-1286 intersected 139.00 m @ 4.18 g/t 2 kilometers (km) potential Au from 56.00 m, including record high-grade intercept of 719.26 g/t Au over 0.75 m from 165.
Slide 14: 2025 Phoenix Target: Mafic Tuff, A New Gold Host
2025 Phoenix Target: Mafic Tuff , A New Gold Host Results Highlights 1 • Drilling confirmed the expansion of the Phoenix Target 1.4 km over a strike length exceeding 1.4-kilometers, 450 m wide and with a consistent mineralization zone(s) grading 0.40 g/t Au TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y Highl
Slide 15: Spanish Mountain Gold Highlights
Spanish Mountain Gold Highlights Build Decision in 2027 TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y NEXT STEPS CATALYSTS PLAN ISSUE PEA MRE TECHNICAL REPORT STRATEGY NEXT CONSIDER PEA ORE SORTING TESTS STEPS ADVANCING 2025 DRILLING PLAN NEXT DRILL NEW VISION DIRECTLY TO A PFS/FS DECISION PROGRAM AD
Slide 16: Appendix
Appendix TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y
Slide 17: Uplifting Operating Practices & Mining Industry Standards
Uplifting Operating Practices & Mining Industry Standards TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y UPCYCLED DRILL CORE SAMPLE CRATES Going Beyond the TRIPLE BOTTOM LINE (Safety, Health & Environment, Community Involvement, and Cost Savings) Process & End Products – 2024 to 2025 Exploration Program Rem
Slide 18: BC Hydro Power Connection Process
BC Hydro Power Connection Process1 Advancing to Stage 2 of the SIS with BC Hydro, the first step in the Transmission Load Interconnection Process for a proposed 230 kilovolt (kV), 60-mega-watt (MW) renewable hydroelectric power substation and a 75-kilometre transmission line to the SMG Project. SPAU
Slide 19: BC Fast-Tracking Initial List of Resource Projects
BC Fast-Tracking Initial List of 18 Resource Projects BC Premier David Eby's office fast-tracking resource projects in-order-to reduce its reliance on trade with the United States. S3Y FSE:S3Y SPAUF || FSE: The Office of the Premier says in a statement We know that we have OTCQB: SPAUF that combined
Slide 20: Largest Resource in the Cariboo Gold Corridor
Largest Resource in the Cariboo Gold Corridor Osisko Development Cariboo Gold Project NTS 093H The SMG Project has the largest resource located Wells (McBride) within a Cariboo Gold Corridor with total length of WB Barkerville LC TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y approximately 100km AC Encomp
Slide 21: Property size over 10,000 Hectares
Property size over 10,000 Hectares 100% SMG Owned Mineral Claims • Deposit measures approximately 1,800x TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y 800m • Prospective argillite units of the Nicola Group cover a strike length of over 12 12km km • Potential for critical metals includes the Cedar Creek and N
Slide 22: Peter Mah
Peter Mah President & CEO Investor Relations (604) 398-4377 info@spanishmountaingold.com spanishmountaingold.com TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y Subscribe for Updates Scan the QR code to sign up for emails
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