Viva Gold Corp · TSXV:VAU
Viva Gold — Investor Presentation (October 2025)
22 slides from Viva Gold's investor presentation, October 2025
Slide 1: Most Advanced Unpermitted Gold Development Project in Nevada
VivaGoldCorp.com Most Advanced Unpermitted Gold Development Project in Nevada October 2025 TSXV: VAU | OTCQB: VAUCF | FRANKFURT: 7PB 1
Slide 2: Cautionary notes / Technical disclosures
Cautionary notes / Technical disclosures This presentation contains certain information that may constitute forward-looking information or forward-looking statements under applicable Canadian securities legislation (collectively, “forward-looking information”), including but not limited to the explo
Slide 3: Viva Gold: Right Time Right Place
Viva Gold Right Time Right Place Clear path to value creation for ❖ Viva’s Tonopah Gold Project is currently the shareholders most advanced unpermitted gold development project in Nevada’s prolific Walker Land Trend not owned by a major mining company ❖ Opportunity for investors to participate in th
Slide 4: World Class Walker Lane Trend
World Class Walker Lane Trend PRODUCTION AND M&A ACTIVITY IS ACCELERATING Kinross Gold 2025 215K oz Au produced in 2024 with LOM production of over 16 million ounces. Over 4,200 meters of Phase X underground mine exploration development completed with goal of providing feed to existing 11,000 tpd mi
Slide 5: Tonopah Geology – Excellent Mining Potential
Tonopah Geology – Excellent Mining Potential Geologic Long Section Showing Resource Blocks, Structure and Lithology West A East QAL TVU TVL TVL A’ OPA NW Fault (Mineralizer?) Discovery Fault (Pre & Post Mineral) Dauntless Fault (Pre & Post Mineral) Looking North, 100-meter slice ❖ Gold controlled by
Slide 6: X-Section A-A' Discovery Zone Initial Mining Area
X-Section A-A’ Discovery Zone Initial Mining Area Grade g/t Au Final Resource Pit Shell Note: 75 meters wide section looking West ❖ Shallow high-grade zones starting 10-30 meters below surface drilled to measured level with up to 300 meters width. ❖ High grade potential mill feed: 4.5 million tonnes
Slide 7: Tonopah Geology Successful 2024-2025 Drill Program
Tonopah Geology Successful 2024-2025 Drill Program Tonopah Fall 2024 Reverse Circulation Drilling Program Tonopah Fall 2024 Drillhole Map Hole Azimuth Dip From To Length Gold Grade Silver Grade Meter Meter Meter Gram/Tonne Gram/Tonne TG2424 270 -70 170 128 158 30.5 0.9 2.1 including 131 136 4.6 2.2
Slide 8: Tonopah Exploration Upside
Tonopah Exploration Upside Undrilled Anomaly Tonopah Resource Pit Area MW305 Midway Hills 0.47 Au, 1.52 gpt Prospect Area Ag over 7.6m (6x6x6 Block Model not in MRE) TG2417 Undrilled MW 083 0.5 gpt Au, 3.4 Anomaly 1.03 gpt Au, 2.2 gpt Ag gpt Ag over 7.8m Slide showing Faults and CSAMT Geophysical An
Slide 9: Tonopah Project MRE – High Confidence Gold Resource
Tonopah Project MRE – High Confidence Gold Resource1 Mineral Resource Estimate (“MRE”) – Effective June 13, 2025 Classification Tonnes Au Grade Ag Grade Contained Gold Contained Silver x 1,000 Grams/Tonne Grams/Tonne Ounces Ounces Measured 1,691 1.41 3.11 77,000 169,000 Indicated 25,002 0.53 1.98 42
Slide 10: 2025 PEA Highlights - Economic Sensitivity Analysis
2025 PEA Highlights - Economic Sensitivity Analysis1 Post-Tax Pre-Tax Gold Price IRR% NPV 5% (USD 1,000) NPV %/Share2 IRR% NPV 5% (USD 1,000) USD/Ounce $2,000 2.9% $13,370 $0.09 5.1% $4,309 $2,200 10.5% $49,255 $0.34 13.1% $71,463 $2,400 17.6% $111,617 $0.77 20.6% $138,617 $2,600 24.3% $173,980 $1.2
Slide 11: 2025 PEA Highlights – Production
2025 PEA Highlights – Production Mine Concept Daily Mining Rate 45,000 Tonnes/day • 58% of gold produced in Crushing Plant 10,000 Tonnes/day mill circuit Gravity, CIL Mill Circuit 2,000 Tonnes/Day Agglomeration/Heap Leach 8,000 tonnes/Day Strip Ratio 3.9 Tonnes Waste/Tonne Mineral • 42% in heap leac
Slide 12: 2025 PEA Highlights - $2,400 Gold Financial Results
2025 PEA Highlights - $2,400 Gold Financial Results Financial Results ❖ Results demonstrate project Internal Rate of Return (IRR), Pre-Tax 20.60% viability at $2,400 Au price with Internal Rate of Return (IRR), After-Tax 17.60% full capital costing including Net Present Value (“NPV”) 5% (Pre-Tax) $1
Slide 13: Infrastructure & Permit Status
Infrastructure & Permit Status EXCELLENT INFRASTRUCTURE Paved road, Commercial ❖ Paved State Highway access power & Water ❖ Tonopah Public Utility Commercial Water Pipeline on east boundary of claim block; utility controls substantial water rights. ❖ NV Energy 15 kV power line follows pipeline: syst
Slide 14: Baseline Environmental Study – Ongoing Work Program
Baseline Environmental Study – Ongoing Work Program Ongoing and Completed Study Work Include: ❖ Baseline Needs Assessment Meeting held with US Bureau of Land Management ❖ Biologic studies substantially complete and accepted by BLM. No Sage Grouse or Desert Tortoise habitat ❖ Quarterly water sampling
Slide 15: Tonopah Project: Projected Goals & Timelines
Tonopah Project PROJECTED GOALS & TIMELINES ❖ PEA and Updated MRE Completed: Demonstrates potential for viable mining project ❖ Pre-Feasibility Study: Commence in 2025 – optimize economics and implementation plan - 9 months to 1 year ❖ Plan of Operations: Developed during Pre- Feasibility Study work
Slide 16: VIVA Gold - Capital Structure
VIVA Gold - Capital Structure Capital Structure as of June 1, 2025 ~ 20 % Shares Outstanding 145.5 M Stock Options1 10.5 M PUBLIC FLOAT ~ 45% ~15 % Warrants Outstanding2 38.8M Fully Diluted 194.8 M Market Capital ~$20 M ~8% ~4 % ~8 % MGMT & 1) Options: 2.65M @ $0.155, exp Jan 2026; 1.65M @ 0.165 ex
Slide 17: Top Tier Management & Board
Top Tier Management & Board CHRISTOPHER HERALD, ANDY BOLLAND, Director Chairman & Director Former Hatch Ltd, US Director of Mining and Mineral Processing; former President, CEO and Director Solitario Resources Corp; former Barrick Gold, Director Operations for Barrick Gold of North America; B.S. Cha
Slide 18: Viva Gold Value Proposition
Viva Gold Value Proposition Premise: ❖ Tonopah gold project checks all boxes for a successful mine development opportunity. Focus: ❖ Optimization and feasibility studies to accelerate revenue production, while reducing capital cost Goal: ❖ Re-rate Viva shares with a demonstration of Tonopah Gold Pro
Slide 19: Contact
VivaGoldCorp.com JAMES HESKETH GRAHAM FARRELL President and CEO 720-291-1775 Investor Relations 416-842-9003 jhesketh@vivagoldcorp.com graham.farrell@vivagoldcorp.com TSXV: VAU OTCQB:VAUCF VivaGoldCorp.com TSXV: VAU | OTCQB: VAUCF | FRANKFURT: 7PB 19
Slide 20: 2025 PEA Highlights – Recommended Work for PFS/FS
2025 PEA Highlights – Recommended Work for PFS/FS ❖ Metallurgy Testwork ➢ Coarse crush and run-of-mine leach testwork to reduce OPEX and CAPEX ➢ Optimize gravity/CIL mill circuit ❖ Toll Processing ➢ Assess Potential for Toll Processing at nearby Mill and Carbon Stripping (ADR) facilities as opportun
Slide 21: Mineral Resource VS Cutoff Grade Sensitivity
Mineral Resource VS Cutoff Grade Sensitivity Cut-Off Ag Classification Grade Tonnes Au Grade Grade Au Ag g/t Au x 1,000 g/t g/t Koz Koz 0.1 1,920 1.26 2.89 78 179 Measured 0.15 1,690 1.41 3.11 77 169 0.2 1,500 1.57 3.32 76 160 0.25 1,360 1.71 3.51 75 153 0.3 1,245 1.84 3.66 74 147 0.1 32,215 0.44 1.
Slide 22: Tonopah Project Claim Map
Tonopah Project Claim Map ❖ 508 Unpatented Federal Mineral Claims on BLM managed property ❖ Approximately 10,000 acres ❖ 184 Royalty Claims: 2% NSR with 1% buyout option for US$1.0 Million ❖ 40 acres private surface controlled by Viva. TSXV: VAU OTCQB:VAUCF VivaGoldCorp.com 22