Pirate Gold Corp · TSXV:YARR
Pirate Gold — Investor Presentation (June 2026)
38 slides from Pirate Gold's investor presentation, June 2026
Slide 1: Newfoundland's Leading Discovery Company
Newfoundland's Leading Discovery Company Advancing a District-Scale Gold and Copper-Gold Porphyry System TSXV: YARR OTCQB: YARRF TSXV: YARR OTCQB: YARRF www.pirategold.ca 1
Slide 2: Disclaimer & Forward-Looking Statement
Disclaimer & Forward-Looking Statement This Presentation includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Pirate Gold Corp.’s (Pirate Gold or the Company) future plans, objectives or g
Slide 3: Why Now
Why Now You can: “Newfoundland is the Drill ever deeper in mature camps... (Like Timmins, Ontario) Abitibi 100 years ago.” ...OR... Go after the low-hanging fruit in Newfoundland. THE TECHNOLOGY UNLOCK: We can finally see through the till. Modern Airborne Geophysics Better Data Processing Smarter Ta
Slide 4: The Architects of Discovery
The Architects of Discovery Proven track record in Newfoundland and responsible for the discovery of the two largest Gold Deposits known to date on the Island (Valentine Lake and Queensway) Denis Laviolette Tim Froude Greg Matheson Executive Chairman, CEO & Director President VP, Exploration Founder
Slide 5: We Don't Beat the Geological Odds. We Play Them.
We Don’t Beat the Geological Odds. We Play Them. Our Investment Thesis is Built on Three Undeniable Advantages Hunting in Elephant Country Controlling the Main Artery High-Grade Reality We are exploring the Dunnage Zone - Gold follows structure. We have This is not a science project; it is a the geo
Slide 6: The Prize: Orogenic Gold
The Prize: Orogenic Gold IOCG Skarn 2% PGE Related 1% 2.8% Other Targeting the Largest Source of Gold on the Planet IRGS 1% 3.7% VMS 3.8% Carlin The Geological Workhorse: 5.2% 4 at 15-40 Moz Orogenic systems are responsible for 41% of the world's Orogenic gold endowment. They don't offer one-off hit
Slide 7: Why Newfoundland?
Ganderia Avalonia Why Newfoundland? Newfoundland sits at the center of the Appalachian-Caledonian Orogenic Belt. While this geological structure stretches from Alabama to Scandinavia, Newfoundland represents the most preserved 'collision zone’ - a massive tectonic crash site where the conditions for
Slide 8: Tectonic Controls on Global Gold Resources
Tectonic Controls on Global Gold Resources Plate Tectonics (Continental Collision) Drives Many Gold Environments TSXV: YARR OTCQB: YARRF www.pirategold.ca 8
Slide 9: The Mechanism: The Deep Crustal Pump
The Mechanism: The Deep Crustal Pump To form a giant deposit, you need a vertical highway. Deep crustal faults pump gold-bearing fluids from the Mesozonal zone (10km deep) up to the Epizonal zone (near surface). Newfoundland's major fault lines act as this exact high-speed plumbing system. TSXV: YAR
Slide 10: Geology of Newfoundland
Geology of Newfoundland Island Subdivided into Three Major Geological Terrains Humber Zone (North America) (Laurentia) Dunnage Zone (Oceanic and Volcanic) (Ganderia) Avalon Zone (Avalonia) Orogenic Gold is most closely associated with the Dunnage Zone TSXV: YARR OTCQB: YARRF www.pirategold.ca 10
Slide 11: A Modern-Day Abitibi
A Modern-Day Abitibi Geology of Newfoundland Has Many Similarities to Abitibi Greenstone Belt Volcanic/Sedimentary Terrain formed during accretion Large scale Orogenic environment – fault structures cross entire island that are favourable for gold Shows potential to be major gold producing region Fi
Slide 12: Welcome to Treasure Island
Welcome to Treasure Island Located along the Valentine Lake Fault Zone District scale project now covering 92km of strike along the structural corridor One of the largest mineral rights holdings in the province at over 78,600 hectares Located only 15 minutes drive east of Grand Falls-Windsor (pop. 1
Slide 13: A Voyage of Rapid Progress
A Voyage of Rapid Progress Key Achievements & Milestones, September – June, 2026 01 03 05 07 09 September 29 October 31 February 13 March 20 May 1 Denis Laviolette appointed $26M financing closed led Mag + EM airborne programs; Multiple Crippleback drilling Crippleback Chairman & CEO; Greg by Eric S
Slide 14: Treasure Island Project Expansion
Treasure Island Project Expansion Transforming a Patchwork into a Dominant Land Position +1000% 92 KM Project Growth (August Strike Length Along the to May 2026) Valentine Lake Fault 78,600 Hectares 100% Owned District Control TSXV: YARR OTCQB: YARRF www.pirategold.ca 14
Slide 15: Strategic Position
Strategic Position The Heart of the Central Newfoundland Gold Belt 1 The Mine Next Door Directly northeast of Equinox Gold's Valentine Lake Mine (5Moz), we sit on the same geological structure that hosts Newfoundland's largest gold operation. 2 The High-Grade Giant Directly west of New Found Gold's
Slide 16: Treasure Island Project
Treasure Island Project Cover over 92km along the Valentine Lake Fault zone Advanced High-Grade Moosehead Zone with over 650 Drill Holes to Date Stony Lake Zone shows promise to make new discoveries with broad mineralized intervals Crippleback region is analogous to the Valentine Lake Mine has many
Slide 17: Treasure Island Project Geology
Treasure Island Project Geology Northern part of the project is dominated by the Botwood Sandstone (near shore environment) with coeval mafic volcanic layer – both are host to mineralization such as Moosehead and Stony Lake Southern part of the project dominated by the Crippleback intrusive suite (Q
Slide 18: Moosehead Zone Geology
Moosehead Zone Geology Advanced High-Grade Gold zone with over 650 Drill Holes to Date Sits along N-NW trending fault structure with Eastern and Western trends, plus the newly discovered Rib Vein linkage structure Vein filled fault zone in micaceous sandstones with typical mineralization consisting
Slide 19: Moosehead Top 25 Holes
Drill Hole Target Zone From (m) To (m) Length (m) Au (g/t) MH-18-39 Eastern Trend 75.45 84.5 9.05 70.3 Moosehead Top 25 Holes MH-18-01 MH-22-463 MH-24-649 Eastern Trend Eastern Trend Western Trend 109 295.3 41.6 120.9 334.9 46.45 11.9 39.6 4.85 45.0 12.5 69.5 MH-21-342 Eastern Trend 67.8 73.35 5.55
Slide 20: 50,000m Drilling Program - Moosehead
50,000m Drilling Program - Moosehead Two new zones at Moosehead discovered since the start of drilling in November 2025 2025 Regional Geophysical Target – PGC-25-006 Western Trend Eastern Trend Fault Fault Eight intervals >1g/t Au along 75m including 1.14g/t Au over 8.10m. Zone has now been traced a
Slide 21: The Copper Discovery Drought
The Copper Discovery Drought Copper contained in major discoveries vs. global exploration spend, 1990–2024 Copper in major discoveries (MMt) Initial resources, 2018–24 Exploration budget ($M, right scale) 1.36 Bt of copper found in 258 major 15.6 MMt from 103 initial resource announcements, 2018–24
Slide 22: TSXV: YARR OTCQB: YARRF www.pirategold.ca
TSXV: YARR OTCQB: YARRF www.pirategold.ca 22
Slide 23: Scarcity Driven by Geology, Not Price
Scarcity Driven by Geology, Not Price The five largest copper discoveries of each era — bubble size reflects contained copper 3.0 1985–99 2000–09 2010–19 2020–25 Explorers Have Left the Hunt 2.5 Western Foreland Kamoa-Kakula (Kitoko) ~50% → ~25% Grade (% Cu) 2.0 Resolution Western Foreland (Makoko W
Slide 24: Why Copper, Why Crippleback
WHY COPPER · WHY CRIPPLEBACK The next generation of copper supply will not come from existing mines. It will come from discoveries. A Porphyry-Scale Target District-Wide Copper First Holes Hit 2026 drilling confirmed the Moby Dick An alteration footprint spanning 32km × 7km Moby Dick’s first three h
Slide 25: Copper/Gold Porphyry - Epithermal Deposits
Copper/Gold Porphyry - Epithermal Deposits Examples from the Appalachians Gaspe Copper Copper Porphyry /Skarn Haile Deposit 500Mt @ 0.5% Cu Epithermal >5.0Moz Au Hope Brook Epithermal ~2.0Moz Au Past/Current Producing Epithermal Deposit Notable Copper/Gold Arribas, Hedenquist, 2021 Porphyry Deposits
Slide 26: Island Architecture
Island Architecture Three large neo -Proterozoic inliers Crippleback Crippleback is the largest of these Laurentia Intrusive Suite Host both of the largest gold mines (565Ma) to date in NL Valentine Lake Intrusive Suite (564Ma ) Valentine Lake Gold Mine (~5.0Moz) Roti Intrusive Avalonia Suite (563Ma
Slide 27: Valentine Lake Gold Mine (Equinox Gold)
Valentine Lake Gold Mine (Equinox Gold) Ca. 410 Ma qtz-tourm-py veins 175-200koz/year based on 2022 PFS First Gold pour in Q4 2025 Host: 565 Ma competent intrusion along a 450–420 Ma secondary reverse fault (brittle– ductile), coeval with greenschist facies metamorphism TSXV: YARR OTCQB: YARRF www.p
Slide 28: Crippleback Intrusive Suite
Crippleback Intrusive Suite Crippleback Intrusive Suite (565 Ma) shares many tectonic/lithological similarities to the Valentine Lake Intrusive Suite (564 Ma) Rogerson Lake Conglomerate Pirate Gold Treasure Island Project Crippleback Intrusive Suite (565Ma) Valentine Lake Intrusive Suite (564Ma) Val
Slide 29: Crippleback Geology
Crippleback Geology Focused on the Crippleback Intrusive Suite Sits along 40km of the Valentine Lake Fault Zone in similar tectonic position as Valentine Lake Mine High-grade copper, gold and molybdenum across 100+ showings — 79 new copper occurrences found in one month of prospecting 2026 drilling
Slide 30: Crippleback
µ Buccaneer Pond Crippleback Numerous copper and gold occurrences –up to 21.4g/t Au – no drilling Coronation Lake Numerous copper, gold and Crippleback Lake molybdenum occurrences – Moby Dick: 3,100 x strong potential for copper 850m Advanced Argillic porphyry/epithermal Alteration Zone Confirmed by
Slide 31: Moby Dick: A Copper-Gold Discovery
Moby Dick: A Copper-Gold Discovery A grassroots copper-gold porphyry to high-sulphidation epithermal system at Crippleback PGC-26-068 · MOBY DICK 0.54% Cu Eq over 180.8m (0.13% Cu, 0.36 g/t Au, 1.73 g/t Ag) including 1.48% Cu Eq over 49.4m (0.28% Cu, 1.07 g/t Au, 3.42 g/t Ag) 3,100 × 850 m advanced
Slide 32: First Results from Moby Dick
First Results from Moby Dick Broad copper-gold mineralization confirmed across the advanced argillic system Hole From To Length Cu % Au g/t Ag g/t Cu Eq PGC-26-058 250.45 362.85 112.4 0.12 0.22 1.76 0.38 incl. 281.00 326.00 45.0 0.17 0.46 2.57 0.72 PGC-26-068 194.25 523.80 329.6 0.09 0.22 1.35 0.34
Slide 33: A 32 km Copper-Gold District
A 32 km Copper-Gold District Moby Dick is one target in a regional porphyry-epithermal system across the Crippleback Intrusive Suite 32 km × 7 km of copper-gold porphyry and epithermal potential along the Valentine Lake Fault, across 40 km of the Crippleback suite 100+ occurrences of copper, gold an
Slide 34: 50,000m Drilling Program - Crippleback
50,000m Drilling Program - Crippleback Crippleback – two drills active; first holes confirmed the Moby Dick alteration system at 3,100m × 850m to 500m depth, with broad copper-gold mineralization One drill targeting the Crippleback Lake Geophysical anomaly and other regional targets One drill testin
Slide 35: Treasure Island 50,000m Drilling Program
Treasure Island 50,000m Drilling Program Fully Funded Program Throughout 2026 Moosehead Crippleback Over a dozen other geophysically identified 2026 drilling confirmed a 1,700m × 700m advanced argillic structures with similar orientation and potential to alteration system to depths exceeding 400m, w
Slide 36: Share Structure
Share Structure (as of May 19, 2026) Shares Issued & Outstanding 507M Warrants 4M Ranging from $0.06 to $0.19 Stock Options 50M Fully Diluted 561M Market Cap $112M Cash Position $17M Eric Sprott 22% TSXV: YARR OTCQB: YARRF www.pirategold.ca 36
Slide 37: The "Treasure Hunters" Series
The "Treasure Hunters" Series A Behind-the-Scenes Look at the 50,000M Drill Program 1. Unfiltered Access We are tearing down the wall between the boardroom and the drill rig. This series gives shareholders a direct line of sight into the daily operations and strategy of the exploration team. 2. Real
Slide 38: We Don't Beat The Odds. We Play Them.
We Don’t Beat The Odds. We Play Them. Denis Laviolette Cathy Hume Joshua Duggan Executive Chairman, CEO & Director Investor Relations Director cathy@chfir.com josh@pirategold.ca denis@pirategold.ca 416.868.1079x 251 647.526.1881 TSXV: YARR OTCQB: YARRF www.pirategold.ca 38