Headwater Gold, Inc. · CSE:HWG
Headwater Gold — Investor Presentation (August 2026)
22 slides from Headwater Gold's investor presentation, Aug 13, 2026
Slide 1: Exploring for High-Grade Gold in the Western USA
CSE: HWG│OTCQX: HWAUF Q3 2026 EXPLORING FOR HIGH-GRADE GOLD IN THE WESTERN USA Strategically partnered with:
Slide 2: Cautionary Note
Cautionary Note This presentation includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein inclu
Slide 3: Teck Strategic Investment and Partner Companies
Teck Strategic Investment 79 28 Au Ni PGE TSX-V: F I N X CSE: REDC Gold Platinum Group 29 42 79 Nickel Elements Cu Mo Au Copper Molybdenum Gold OTCQB: REDRF FINEXMETALS.NET REDCANYONRESOURCES.COM Newmont Earn-in Partner AngloGold Ashanti Earn-in Partner OceanaGold Earn-in Partner Centerra Gold Earn-
Slide 4: Highlights: Exploring for World-Class Deposits
Highlights Exploring For World-Class Focused on High-Grade Gold HIGH Focus on high-grade gold and silver in mining-friendly Western USA World-Class Team GRADE Discovery driven, highly technical team with global and local experience and strong capital markets expertise Large Active Project Portfolio
Slide 5: Capital Structure
Capital Structure 86.6M 25.4M Outstanding Shares Management 3.7M 8.5M INSTITUTIONAL MANAGEMENT HNW & RETAIL Warrants Options & INSIDERS 48.9% 30% $38M $7M Market Cap Cash 9.9% 7.1% 4.1% Collecting 10% management fees on partner- Low Burn Rate funded programs with Newmont and OceanaGold Analyst Cover
Slide 6: Board of Directors and Technical Team
Board of Directors Caleb Stroup President & CEO Alistair Waddell Chairman Wendell Zerb Director Extensive MSc Geology BSc Geology, MAusIMM P. Geol Industry Experience Kinross, Nova Gold Kinross, GoldQuest, AngloGold Exeter, Canaccord, PI Financial Fraser MacCorquodale Tero Kosonen Graeme Currie Dire
Slide 7: Project Portfolio
OREGON Project Portfolio Crane Creek Matador TJ IDAHO Hybrid Self-Funded Exploration Hot Creek Discovery Large portfolio of 100%-owned projects Model with little or no royalty burden Jake Creek Midas North Rock Creek Leverage for Partner-Funded Exploration NEVADA shareholders Technical input +
Slide 8: Newmont Agreements
Newmont Newly Added Agreements Stage Spring Peak Lodestar Newmont Interest (%) Expenditure Deadline Jupiter Newmont Interest (%) Expenditure Deadline Minimum Commitment $5M $2M 0% 2 Years $2.5M 0% 2 Years US $115M $15M $10M Stage 1 51% 3 Years $10M 51% 4 Years Completed In progress of potential cumu
Slide 9: Spring Peak Nevada
Spring Peak Nevada Newmont Joint Venture Flagship Project HIGH-GRADE NEW TARGET DISCOVERIES: ZONES: Recently Disco Zone: Shadow Target: expanded 15.92 g/t Au 7.62 m over 2.38 m @ 3.55 g/t Au land package Opal Ridge: Southpaw Target: 16.4 g/t Au 4.75 g/t Au over 1.52 m over 1.52 m 3.23 g/t Au over 1.
Slide 10: Spring Peak Nevada 2024 Drill Intercepts
Spring Peak Nevada 2024 Drill Intercepts Newmont Joint Venture Flagship Project Past Drilling 18 holes completed in 2024 targeting extensions and new areas Total of 6,874 meters of diamond core and reverse circulation drilling Tested extensions of known mineralization along the Bear Fault corridor d
Slide 11: Lodestar Nevada
Lodestar Nevada Newmont Earn-In Project Flagship Project Recently expanded land package Analogous geologic features to Headwater’s Spring Peak Property 2025–2026 drilling completed: approximately 2,950 m of core and RC drilling identified the Meridian Zone as the primary focus for follow-up explorat
Slide 12: Jupiter Project Nevada
Jupiter Project Nevada Newmont Earn-In Project 100%-owned, district- Alteration Footprint Comparison scale epithermal gold JUPITER ARTHUR project in Nevada’s Headwater Gold AngloGold Ashanti Walker Lane belt Probable: 4.9 Moz Au (88 Mt at 1.75 g/t Au) Large, underexplored epithermal Indicated: 1.0 M
Slide 13: OceanaGold Agreements
OceanaGold Stage TJ Jake Creek Hot Creek OceanaGold Expenditure Agreements Interest (%) Deadline Minimum $1M $1M $ 0.5M 0% 2 Years Commitment $10M Stage 1 $10M $5M 51% 4 Years In Progress US $65M Stage 2 +$15M +$15M +$10M 65% 4 Years of potential cumulative Completion Completion Completion explorati
Slide 14: TJ Project Nevada
TJ Project Nevada OceanaGold Earn-In Project Preserved high-level epithermal alteration with geologic features similar to Headwater’s Spring Peak Property 2025 core drilling returned grades up to 5.61 grams per tonne gold (“g/t Au”) Only a small part of the system tested; mineralization remains open
Slide 15: Jake Creek Nevada
Jake Creek Nevada OceanaGold Earn-In Project Epithermal Drilling underway Gold System Less than 10 km from NGM Turquoise Ridge Complex* with High- Grade Gold 3,500-metre drill program: 8–10 holes to test multiple in Historic high-priority targets across * recently expanded property Drilling * * * NI
Slide 16: Centerra Agreement
Centerra Stage Crane Creek Centerra Interest (%) Expenditure Deadline Agreement Minimum $2.5M 0% 2 Years Commitment In progress Stage 1 $10M 51% 3 Years US $25M +$15M Stage 2 60% 3 Years of potential cumulative 1-2% NSR to HWG exploration expenditures and Completion of completion of a Preliminary St
Slide 17: Crane Creek Idaho
Crane Creek Idaho Centerra earn-in project Centerra funded drilling at high-priority epithermal gold project Approximately 3,000 m RC and core program planned Testing historical gold mineralization, vein extensions, and new structural targets Recent geophysics expanded the target footprint across a
Slide 18: Stock Performance
STOCK PERFORMANCE HWG +104% Catalysts Drill Results Spring Peak Permitting Possible Additional Drill Program Announcements GDXJ +75% Potential New Acquisitions Potential New Partnerships GOLD +33% May Jul Sep Nov Jan Feb Apr Jun CSE: HWG│OTCQX: HWAUF 18
Slide 19: Highlights
Highlights Focused on High-Grade Gold Focus on high-grade gold and silver in mining-friendly Western USA World-Class Team Discovery driven, highly technical team with global and local experience and strong capital markets expertise Project Generation Company specializes in generating new projects on
Slide 20: Frequently Asked Questions
Where can I find more information about the Newmont, OceanaGold, and Centerra earn-in agreements? Frequently For the full terms of the agreements, visit the Headwater website here. What is Headwater’s business model? Asked Hybrid between a traditional explorer and a prospect generator. This enables
Slide 21: Spring Peak Drill Core
Spring Peak Drill Core Drill Hole: SP22-13 Interval: 275.9 m – 276.5 m CSE: HWG│OTCQX: HWAUF 21
Slide 22: Contact
Contact Reno Caleb Stroup Suite 3 – 6170 President & CEO Mae Anne Avenue Tel: +1-507-313-1480 Reno, Nevada cstroup@headwatergold.com 89523 Vancouver Alistair Waddell 1130 West Pender Street Chairman Suite 1210, V6E 4A4 Tel: +1-604-681-9100 Vancouver, BC, Canada alistair@headwatergold.com Brennan Zer