Goldsky Resources Corp. · TSXV:GSKR
Goldsky Resources — First Nordic Metals — Merger or Acquisition (September 2025)
29 slides from Goldsky Resources's merger presentation, Sep 15, 2025
Slide 1: NordCo Gold Merger Presentation
NordCo Gold MERGER PRESENTATION MINE DEVELOPMENT 6 7 % First Nordic | 33% Mawson + 2 M oz Nordic Gold C o m p a n y S E P T E M B E R 2025 1
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This management presentation (this "presentation") is dated September 15, 2025 and has been directly or indirectly, disclose or permit its affiliates or representatives to disclose such information other metals; (ii) results of drilling; (iii) results of metallurgical testing, p
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS CREATING THE LEADING NORDIC GOLD DEVELOPER AND EXPLORER, WITH +2.4 MOZ AUEQ INDICATED AND I N F E R R E D R E S O U R C E S (1) A N D C R I T I C A L M I N E R A L E X P O S U R E T H R O U G H C O B A L T NEW MANAGEMENT TEAM AND BOARD WITH PROVEN MINE BUILDING, PERMITTING & CA
Slide 4: New Leadership Structure
NEW LEADERSHIP STRUCTURE Peter Breese Russell Bradford Darren Morcombe Noora Ahola Marc Legault Karilyn Farmer Adam Cegielski Non-Exec Chairman CEO & Exec. Director Special Advisor E x e c . D i re c t o r & M D , N o n - E x e c . D i re c t o r Non-Exec. Director President & Exec. • +35 years • +3
Slide 5: Europe's Next Gold Developer
EUROPE’S NEXT GOLD DEVELOPER Company Barsele Joint Venture in Sweden Rajapalot Project in Finland Flagship Asset Near Term Consolidation Potential to Advance to FS Recent Spin-Out of Mawson Gold / Southern Cross Attributable M&I Resource of 289 koz Au @ 2.5 g/t Au Inferred Resource of 867 koz Au @ 2
Slide 6: Creating the Leading Nordic Gold Company
CREATING THE LEADING NORDIC GOLD COMPANY Finland #1 and Sweden #6 globally for COMBINED ASSETS: mining investment attractiveness, 2024 (1) • Long history of mining • Renewable hydro and cheap nuclear power costs • Low political risk - mature, well-defined environmental and permitting procedures in a
Slide 7: The Gold Line Belt | Sweden
THE GOLD LINE BELT | SWEDEN The largest development stage claim holder in Sweden ~80,000 ha of mineral concessions along contiguous ~100 km strike length The Barsele Project, a JV with Agnico Eagle, hosting 2.4 Moz of Au (Ind & Inf) (100% Basis), Sweden’s largest undeveloped gold deposit Belt is hos
Slide 8: The Gold Line Belt | Barsele Project
THE GOLD LINE BELT | BARSELE PROJECT 8 8
Slide 9: The Gold Line Belt | Paubäcken (Aida)
THE GOLD LINE BELT | PAUBÄCKEN (AIDA) Multi-kilometre Orogenic Gold System • Paubäcken is a 17,097 ha land package • Aida a +4 km structural corridor • Phase 1 program: 39 holes / 10,304 m; assays for 14 holes to date • Mineralized corridor >2.1 km strike, to ~250 m depth, open in all directions • 3
Slide 10: Rajapalot Project
ane gd RAJAPALOT PROJECT FIRSTNORDIC MAWS#¢N METALS, Finland Limitec North Rompas’ >) @ RAJAPALOT RESOURCE ; 867 koz Au @ 2.8 g/t Au, North Rompas ROMO0S2 4,311 tonnes Co @ 441 ppm Co 9.8 Mt inferred @2.8 g/t Au & 441 ppm Co East Rompas EL jpalot Project Palokas PALO228 Best hole in Finland 6m @ 617
Slide 11: Structured Project Value Creation
STRUCTURED PROJECT VALUE CREATION Q4 2025 • Develop a comprehensive project plan to execute on technical, ESG and stakeholder engagement Q4 2025 • Assess each resource and land package for improved resource definition drilling and growth • Execute drill programs on assets for feasibility definition
Slide 12: Outcomes from Execution Plan
OUTCOMES FROM EXECUTION PLAN • Improved definition and increase in gold ounces on assets in both Sweden and Finland • Updated optimised PEA / PFS on assets in both Sweden and Finland • Environmental impact assessment and land use plans completed • Strategic project status from EU commission • Merged
Slide 13: Transaction Overview
TRANSACTION OVERVIEW Transaction • Business combination of First Nordic & Mawson Finland via plan of arrangement (pro forma company referred to herein as “NordCo Gold”) Structure • Exchange ratio of 1.7884 (7.1534 prior to the 4:1 First Nordic consolidation) First Nordic shares for each Mawson share
Slide 14: Significant Resource Endowment in Tier-1 Jurisdictions
SIGNIFICANT RESOURCE ENDOWMENT IN TIER 1 JURISDICTIONS 5.0 4.5 NordCo Gold to boast endowment of 0.3 Moz AuEq M&I Resource, and 2.0 Moz AuEq Inferred 4.0 Resource, located in the tier-1 jurisdictions of Sweden and Finland Substantial Mineral Resource (Moz AuEq) 3.5 discovery potential at 3.0 NordCo
Slide 15: Pro Forma Positioning & Re-Rate Potential
PRO FORMA POSITIONING & RE-RATE POTENTIAL Market Capitalization (C$M) EV / MI&I Resources (US$/oz AuEq) P/NAV (x) Rupert Resources $1,363 New Found Gold $226 New Found Gold 0.84x G2 Goldfields $818 Sitka Gold 0.67x Rupert Resources $215 New Found Gold $695 Northern Superior 0.63x TDG Gold $193 Probe
Slide 16: Thank You
TSXV:FNM TSXV:MFL NordCo Gold Thank You Russell Bradford Adam Cegielski CEO President russell@fnmetals.com adam@fnmetals.com S E P T E M B E R 2025 16
Slide 17: Appendix
ae FIRST NorRpic MAWS#4N METALS Finland Limitec Sa APPE x i SS NDIX NordCo Gold a FIRST NORDIC METALS — MAWS4N Ginland Limited - 17
Slide 18: Transaction Rationale & Benefits
TRANSACTION RATIONALE & BENEFITS ✓ Multiple high-quality, low capex development assets positioned well to achieve near-term development and exploration milestones Increased Asset Scale ✓ Combined land position of +123,000 ha with existing mineral resources and strong exploration potential and Profil
Slide 19: Well Capitalized for Exploration & Development
WELL CAPITALIZED FOR EXPLORATION & DEVELOPMENT Concurrent Pro Forma PF 4:1 Consolidation Financings NordCo Gold NordCo Gold Offer Price C$ $0.465 $3.33 $0.38 $0.465 $1.86 Basic Shares Outstanding C$M 318.2 22.2 210.5 687.9 172.0 Basic Pro Forma Ownership % 66.7% 33.3% - 100.0% 100.0% (Prior to Finan
Slide 20: Nordic Gold Development Project Comparison
NORDIC GOLD DEVELOPMENT PROJECT COMPARISON Company NordCo Gold Assumption Barsele Asset Unit Ikkari Rajapalot Oijärvi Consolidated NordCo (100%) x Market Capitalization (C$M) $1,363 $148 $74 $148 $320 Production Target (Year) 2030 2030 2030 - 2030 Resource (M&I) (Moz Au) 4.1 0.3 - 0.1 0.5 Resource (
Slide 21: Management
MANAGEMENT Russell Bradford Adam Cegielski Noora Ahola Gernot Wober CEO & Exec. Director President & Exec. Exec. Director & MD, VP Exploration • +35 years of project Director Nordics • Geologist, +35 years management & • +25 years of capital • Forestry Engineer of experience in operational markets &
Slide 22: The Gold Line Belt | Sweden / Abitibi Greenstone Belt | Canada
THE GOLD LINE BELT | SWEDEN ABITIBI GREENSTONE BELT | CANADA 22
Slide 23: The Gold Line Belt | Barsele Project
THE GOLD LINE BELT | BARSELE PROJECT • • JV: JV:55% 55%Agnico Agnico/ 45% FNM / 45% FNM • • Right Rightofof first refusal first on refusal any on potential any sale potential sale • • Nationally Nationallydesignated designatedmining miningstatus status • • 24,980 24,980ha haland landpackage package
Slide 24: The Gold Line Belt | Barsele Project
THE GOLD LINE BELT | BARSELE PROJECT Favourable deposit characteristics and significant upside potential Favourable Geometry / Dimensions Mineralized ore lodes range from 10 m to > 100 m wide, strike of 3.5 km; multiple parallel zones of varying thickness on same levels = huge cost MINERAL RESOURCE
Slide 25: Rajapalot Project
RAJAPALOT PROJECT @ US$1,700/oz Au 333 @ US$2,000/oz Au 25
Slide 26: Rajapalot Project
RAJAPALOT PROJECT FIRST NORDIC MAWS4N METALS Finland Limited * Discovery of a new zone of high-grade mineralization, ‘New Lens’ A arn + PALO335: 21.75m @ 5.25 g/t M WS ww gold and 515 ppm cobalt from Finland Limited 225105 mi e@ 2024 & 2025 drilling * including 3.2 metres @ intercepts > 0.3 g/t Au 2
Slide 27: Rajapalot Project
RAJAPALO i) 578000: \ V 7370000 North Rompas }: WK 3400000. \) 3402000. a Legend Drillhole Collar Drillhole Trace (7) 2023 PEA Resource Shells (MEL Exploration Permits 0. 2.0, = Finland Limitec FIRST NoRDIc MAWS#4N Rock Type Gabbro and Diorite Ultramafics MB Pyrobitumen Massive Greywacke Black Shale
Slide 28: Rajapalot Key Milestones and Timeline
RAJAPALOT KEY MILESTONES AND TIMELINE • 30km infill drilling 2027 • E I A and Natura • Mining License 2027 2029 completed & assessment finalised application • Ind. Resource estimation • L a n d use plans submitted PFS completion 2028 finalised Current inferred inventory available for conversion Furt
Slide 29: Oijärvi Project Kylmäkangas Deposit
OIJÄRVI PROJECT Kylmäkangas Deposit MINERAL RESOURCE ESTIMATE (2022) Tonnage AuEq Au Ag AuEq Au Ag Mt g/t g/t g/t Koz Koz Koz Indicated 1.07 4.6 4.1 35.4 159 143 1,220 Inferred 1.63 2.9 2.7 15.2 152 142 795 TOTAL 2.70 3.6 3.3 23.2 311 285 2,015 • Oijärvi is a 17,600 ha land package • Shear zone host
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