U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Investor Presentation (April 2020)
31 slides from U.s. Gold's investor presentation, Apr 7, 2020
Slide 1: Slide 1
Slide 2: Forward Looking Statements
Forward Looking Statements TERMS OF USE AND DISCLAIMER - This presentation is being provided for the sole puspose of providing the recipients with background information about US. Gold Corp. (“U.S. Gold”). U.S. Gold Corp. has made reasonable efforts to ensure that the information contained in this p
Slide 3: U.S. Gold Corp. Overview
U.S. Gold Corp. Overview Near Term Production Potential Combining robust economics with district-scale exploration, in mining friendly U.S. jurisdictions Copper King Project — WY* Advanced Exploration and Development property Mining friendly location in the Silver Crown Mining District of southeast
Slide 4: U.S. Gold Corp. Overview
U.S. Gold Corp. Overview Extremely tight share structure and listed on NASDAQ | Shares outstanding 2,892,992 Listing NASDAQ - Series G Preferred 20,357 Symbol USAU | - 2,872,635 oa 2,872,635 52-week stock range $2.60 - $15.30 Warrants* 746,685 | r Average daily volume ~13,071 | Options* 100,000 Full
Slide 5: Copper King Project Overview
Slide 6: Copper King Project Overview
Copper King Project Overview Delivering substantial value and targeting near-term production = Copper King is a development stage, gold-copper-silver-zinc project located in the Silver Crown Mining District, Wyoming = The project ofters potential near-term production as well as exploration upside =
Slide 7: Copper King Project Claims & Location
Copper King Project Claims & Location COPPER KING ' ED : if y 20 miles & ¥ z } CHEYENNE ‘ Located in Southeast ; [st claim Boundary Wyoming, 20 miles west of | Township/Range Cheyenne (Sections if Approximate Fault Location Wyoming is ranked the 7th most mining friendly jurisdiction in the world (Fr
Slide 8: Copper King Resource Estimate
Copper King Resource Estimate’ Measured 0.009 0.32 0.103 15,130,000 13,730,000 0.018 0.62 272,000 0.198 60,120,000 Indicated a 009 0.30 ea 111 44,620,000 40,480,000 0.014 0.48 654,000 0.182 162,880,000 Inferred 0.008 0.2 0.136 15,620,000 14,170,000 0.011 0.3 174,000 0.200 62,530,000 = Resource compr
Slide 9: Copper King PEA 2017
Copper King PEA 2017* On December 5, 2017, Mine Development Associates (MDA) prepared an updated technical report and Preliminary Economic Assessment for U.S. Gold Corp. showing the below metrics: Projected Production and Pro Base Case Mine Type Open Pit Gold price (US$/ounce) $1,275 Total Productio
Slide 10: Copper King Internal Update March, 2020
Copper King Internal Update March, 2020° On March 24 2020, U.S. Gold Corp. announced an internal update of the Copper King potential economics at $1600 Gold and $2.80 Copper showing the below metrics: Internal Summary of Copper King Pre-Tax Economic Results Base Case Gold price (US$/ounce) $1,600 Co
Slide 11: Copper King 2017 Exploration Program
Copper King 2017 Exploration Program Drilling has encountered a newly discovered mineralized zone Four drill holes were completed to test geophysical responses on the Copper King property in 2017 The program targeted extensions, east and west, of the known main zone as well as new target areas (The
Slide 12: Copper King 2018 Exploration Program
Copper King 2018 Exploration Program ‘Targeting expansion of the resource Copper King drilling program for 2018 consisted of 8 drill holes, targeting expansion of the deposit Primary focus was last year's newly discovered zone of mineralization, the West Zone, a 200m step out from the Main Zone at C
Slide 13: Datamine Copper King Exploration Model
Datamine Copper King Exploration Model Datamine completed a comprehensive drill hole analysis of the Copper King The Datamine study importantly includes all the potential economic metals, not just gold and copper as previously modeled (see next slide) The study also provides indications for location
Slide 14: Datamine Copper King Exploration Model
Datamine Copper King Exploration Model ineraeaton Gold Isoshell | coun er Copper Isoshell Facing North abi = <a i Facing North i _———___.____ i ie Zinc Isoshell it / | Silver Isoshell Facing North i Facing North i i
Slide 15: Copper King 2020 Exploration Plans
Copper King 2020 Exploration Plans Datamine Exploration Model Shows Deposit Potentially Open to SE & SW = Datamine gold isoshell shows deposit cuts off in higher grade gold muneralization to the SE = The deposit also has the potential to extend further to the SW (as exhibited by 2017 & 2018 drilling
Slide 16: Nevada Exploration Overview
Slide 17: Nevada Projects Location
Nevada Projects Location Nevada — renowned gold mining jurisdiction = Produced ~5.6 M oz of gold produced in 2017 - approx. 75% of U.S. gold production! = The 5th largest gold producing “country” in the world = Historically, Nevada has produced > 225M oz of gold = “Elephant country”: numerous > 20M
Slide 18: Keystone Project Location
Keystone Project Location The Cortez Trend — prolific gold mining belt = The Cortez Trend is one of the world’s most productive trends - producing ~ 1M oz of gold per year ® The trend hosts numerous world class deposits’: Barnick’s Pipeline: ~21+ M oz gold Barnick’s Cortez Hills: ~15+ M oz gold Bars
Slide 19: Barrick's Pipeline & Cortez mines to Keystone
Barrick’s Pipeline & Cortez n mines to Reystone Gold Bar discovered xX & 1984 (mined 1987-92) Gold Bar satellite deposits (mined ES 1991-97) Current McEwen mines . Toyabe Mine \ (mined 1987-1991) f ET Blue deposit \\ discovered 2007 Goldrush-Red Hill Vie a) deposits discovered 2011 ——=@" ee Horse Ca
Slide 20: Keystone Project Overview
Keystone Project Overview ‘Targeting the next substantial gold district on the Cortez Trend Consolidated an entire district on the Cortez Trend, NV - 20 square miles, 100% controlled by U.S. Gold Corp. Never previously consolidated nor systematically explored by model-driven, modern-day exploration
Slide 21: Cross-sectional schematic of Keystone
Cross-sectional schematic of Keystone Exploring a significant intrusive-centered, domed, gold district on the Cortez Trend Intrusives: the “mechanism(s)” that drove the system(s). Lacustrine Margin Breccia | Lower Plate i 'T. Chapin 2017 SE Keystone Dome NW Figure: Schematic sketch of the volcanic c
Slide 22: Keystone Exploration 2016 - 2017
Keystone Exploration 2016 - 2017 Systematic, district-wide exploration begins at Keystone = Consolidated the entire district for the first time in history = Initiated model-driven, modern day-exploration programs: digital data organization & map representation and mapping geology of the entire distr
Slide 23: Keystone 2017 Drilling Stratigraphy
Keystone 2017 Drilling Stratigraphy Strong similarities to sizeable deposits at the north of the Cortez Trend Figure 1-Stratigraphy of the Cortez area (after Creel and Bradley, 2013) Tertiary/Quaternary undifferentiated sediments and volcanic rocks Horse Canyon Forma rhythmically interbe Basal d yn
Slide 24: Keystone Exploration 2018
Keystone Exploration 2018 Early stage, systematic exploration complete Sead ay Uae 7 = EYSTONE N — primed for discovery = 2018 drilling, comprised of a total of fifteen holes, and was conducted in two phases - totalling 25,310 feet (7,714 m) » Phase 1: provided “scout” dull tests within several broa
Slide 25: Keystone Exploration 2019
Keystone Exploration 2019 Targeted Drilling in 2019 — vectoring into discovery success 2019 targeted drilling of 7 holes » High priority targets to follow up on 2018 results » Provided a first test to several drill targets in areas previously inaccessible 2019 Drilling = Drilled 1 core hole to follo
Slide 26: Keystone 2019 Drilling Stratigraphy
Keystone 2019 Drilling Stratigraphy » USAU 2019 Keystone Drilling program: Pr > > > One core hole Key19-01c Six reverse-circulation holes (rc) Total of 13,177 feet (4,016 meters) Focused on 4 target areas: » Sophia » Tip-Top » Sophia South » Nina Skarn » Allholes encountered anomalous Au and strong
Slide 27: Maggie Creek
Maggie Creek » US. Gold Corp. acquired Orevada Metals, Inc. through a share exchange in September, 2019 » USAU has an option to acquire the Maggie Creek claims from Renaissance Gold >» USAU can earn up to 70% interest in the Maggie Creek project » USAU issued 2mm shares to the prior shareholders to
Slide 28: U.S. Gold Corp. peer comparison
U.S. Gold Corp. peer comparison Compelling value with considerable potential upside 160 140 120 explorers / developers focused on the Americas? eS Z 100 =a 80 1) o 60 coi 3 40 2 ne a pe oe ee Ee ee | ae 3 Source: Companies’ market capitalizations as of March 20, 2020, sourced from: https://finance.y
Slide 29: Directors, Management & Technical Advisory Team
Directors, Management & Technical Advisory Team John N. Braca The Honorable Ryan K. Zinke Director Andrew Kaplan Timothy M. Janke Director Director Douglas Newby Director Management Team Edward Karr President & CEO David Rector COO, Secretary Ted Sharp CFO Ken Coleman Project Geologist Technical Adv
Slide 30: The U.S. Gold Corp. Opportunity
The U.S. Gold Corp. Opportunity Extremely tight share structure & advancing world-class assets World-class portfolio, in stable and mining friendly US. jurisdictions. The portfolio offers investors both potential near-term production and sizeable blue-sky exploration Team of renowned explorers and p
Slide 31: Contacts
DEVELOPMENT PROVEN TEAM PACKAGE | : | Exciting combination of a Top quality US. Gold Corp. isaUS later stage development management and based company, listed on for the current resource asset and exploration blue advisory team with a major US Exchange — and valuation upside ~- sky potential pedigree