Mcfarlane Lake Mining Limited · CSE:MLM
Mcfarlane Lake Mining — Investor Presentation (March 2026)
28 slides from Mcfarlane Lake Mining's investor presentation, March 2026
Slide 1: Fast Tracking Gold Production in the Abitibi
FAS T TRACK ING GOLD PRODUCTION IN THE ABITIBI Positioned for significant resource growth and near-term value creation CORPORATE PRESENTATION | Q1 2026 CSE: MLM | OTCQB: MLMLF | FRA: W2Z CSE: MLM | OTCQB: MLMLF | FRA: W2Z | 1
Slide 2: Disclaimer
DISCLAIME R Cautionary Note Regarding Forward-Looking Statements not been verified by any independent source, and the Company has not independently verified any third-party information. While the Company believes such third party information to be generally reliable, such information and This presen
Slide 3: Our Vision and Mission
McFarlane Lake is a Canadian gold company advancing the large-scale Juby Gold Project in Ontario – a district-scale opportunity with multi-million-ounce growth potential and a clear path to production. OUR VISION OUR MISSION To build the next Canadian gold producer by advancing To drive shareholder
Slide 4: Juby: Developing a Multi-Million-Ounce Gold Project
J UBY Developing a Multi-Million-Ounce Gold Large-scale, High-quality Project on the Path to Production Gold System TIER-1 JURISDICTION, TIER-1 POTENTIAL Ontario’s Abitibi Belt offers premier infrastructure, clear permitting, and proximity to major producers. PROVEN LEADERSHIP & TRACK RECORD 1.01M o
Slide 5: Significantly Undervalued Compared to Peers
SI G N IF I CA N TL Y UN D ER V A L UED CO M PA R ED TO PE ER S MARKET CAP RESOURCE COMPANY PROJECT EV ($M) MARKET CAP/OZ ($M)* (MOZ AU) Juby Gold (Ontario) 44 54 4.18 11 Moss Gold 716 668 6.67 107 (Ontario) Fenn-Gib Gold 365 323 4.45 82 (Ontario) 287 Chibougamau 294 3.54 83 Sold for $375M*** * As o
Slide 6: Leadership Team with Proven Development Expertise: Executive Team
Leadership Team with Proven Development Expertise EXECUTIVE TEAM Mark Trevisiol Brad Boland Winston Whymark Andrew McLellan President, CEO, Chair of Board CFO, Corporate Secretary Manager Exploration Senior Geologist • 30+ years of experience in • 25+ years of experience in the • 15+ years of explor
Slide 7: Leadership Team with Proven Development Expertise: Board of Directors
Leadership Team with Proven Development Expertise BOARD OF DIRECTORS Perry Dellelce | Director Amanda Fullerton | Director Deborah Battiston | Director • Founder & Managing Partner, Wildeboer • VP, Legal & Corporate Secretary, GCM • CPA, ICD.D with 35+ years of financial Dellelce LLP. Mining Corp. a
Slide 8: Tier-1 Mining Jurisdiction: Ontario's Abitibi Region
O N T AR I O ’ S A B I TI B I R EG I O N TEIR-1 MINING Timmins JURISDICTION ONTARIO WORLD-CLASS INFRASTRUCTURE Established roads, power, and skilled JUBY labour support year-round exploration and low-cost development. PROVEN GOLD BELT Over 200 million ounces of historical Temiskaming production – on
Slide 9: MLM Project Portfolio
M L M P R O J ECT PO R T F OL IO Advancing a 100%-owned portfolio of gold assets in Canada ONTAR IO Michaud/ Munro F L AGS H IP AS S ET JUBY GOLD PROJECT Timmins JUBY PROJECT • Juby Deposit • Big Dome Deposit • Golden Lake Deposit • Hydro Creek Deposit Sudbury McMIllan/ Mongowan Additional Portfolio
Slide 10: Juby: Project Snapshot
J UBY : P ROJ ECT SNAPSHOT LOCATION Near Gowganda, Ontario, Large-scale, near-surface gold system within the Abitibi Greenstone Belt with flexible pathways to production OWNERSHIP 100% McFarlane Lake STAGE Resource Definition – Completed MRE GEOLOGICAL SETTING Archean-age Abitibi Belt – world-class
Slide 11: Defined Gold Resources Provide a Strong Foundation for Growth
DEFINED GOLD RESOUR CES Detail Mineral Resource Estimate within pit shell + underground shapes Provide a Strong (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Foundation for Growth CUT-OFF GRADE TONNAGE GRADE CONTAINED RESOURCES CONSTRAINTS (Au g/t) (Mt) (
Slide 12: Rising Gold Prices Present Huge Value Opportunity
RI S I NG GOLD PR I CES Gold Price Sensitivities Present Huge (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Value Opportunity GOLD PRICE REVENUE FACTOR (RF) CLASSIFICATION CONSTRAINTS CUT-OFF GRADE (Au g/t) TONNAGE (tonnes) GRADE (Au g/t) CONTAINE D METAL
Slide 13: High-Grade Open-Pit Potential
H IG H -G R ADE OPEN -PIT POTENT IAL MORE GOLD | Conceptual HG Targets @ Juby Main Strategic open-pit starter option supports early production and cash flow generation RESOURCE CONTAINED RESOURCE CONTAINED CUT-OFF AU G/T CUT-OFF AU G/T CLASSIFICATION METAL AU OZ CLASSIFICATION METAL AU OZ Indicated
Slide 14: In Pit Mineralization + Outside Pit Mineralization
In Pit Mineralization + Outside Pit Mineralization H YD R O C R E E K LEGEND BIG DOME Pit Shell Isoshell (Au g/t) GOLD EN LA KE >2.00 0.25 – 2.0 JU BY DRILLING HE RE Significant Potential to add more ounces CSE: MLM | OTCQB: MLMLF | FRA: W2Z | 14
Slide 15: Expanding Potential at Depth
EXPANDING POTENTIAL AT DEPTH Open at depth with significant upside potential for continued resource growth. < 8.7 km > H YD R O C R E E K BIG DOME GOLD EN LA KE JU BY 750m ~300 m 1 km Open at depth & along strike | 0.25 g/t Au cutoff Gold deposits that extend well below depths of 3,000m Our deepest
Slide 16: More Gold: Parallel Structures
MORE GOLD Parallel Structures A | 826 Zone 0.85 g/t Au over 36.30m B | Byberg Mining Lease B Grabs up to 7.54 g/t Au D C C | Juby Mining Lease Grabs up to 17.60 g/t Au PARALLEL STRUCTURES? A D | What is under the glacial sand and gravel? CSE: MLM | OTCQB: MLMLF | FRA: W2Z | 16
Slide 17: March 2/26 Announcement
Section looking Northwest on Golden Lake Deposit MARCH 2/26 ANNOU NCE MENT Isometric looking East at the 826 Zone • Drilling at Golden Lake Deposit intercepts 95.4 meters at 1.34 g/t gold, including 56 m of 1.92 g/t gold and 9.9 m of 3.22g/t gold • Mineralized envelop at 826 zone extends to 300 mete
Slide 18: Increasing Resources, Unlocking Value
INCREASING RESOURCES, UNLOCKING VALUE Systematic drilling and data-driven targeting designed to expand the Juby resource and unlock the project’s full gold potential. S T RA TE GY S T RA TE GY S T RA TE GY Process Unsampled Drill Core Exploration Drilling Infill & Expand • Phase 1: Review and proces
Slide 19: Strategic Exploration Targets
STR ATEGIC EXPL ORATIO N TAR GE TS TARGET 1 TARGET 2 New Exploration Drill Targets Juby East 2800m of strike length, under cover rocks 826 zone Hole JU-13-137 JUBY DEPOSIT 0.9 gpt over 33.8m Inc (2.0 gpt over 8.8m) Looking North 1400m JUBY DEPOSIT Claim Boundary JU-13-137 2,800m Looking West Infill
Slide 20: Positioned for Major Resource Growth
POSIT IONED F OR MAJ OR RESOURCE GROWTH Juby’s size, geology, and setting provide the foundation for a multi-million-ounce expansion story. +10Moz MRE GROWTH POTENTIAL 8Moz Potential Target Sensitivity at $3,750 / oz Au 6Moz +10.0M OZ AU IND: 1.2 M Oz @ 0.94 g/t Au 4Moz INF: 4.2 M Oz @ 0.85 g/t Au ~
Slide 21: The Path to Production
THE PATH TO PRODUCTION Disciplined, phased approach to development – focused on de-risking each stage and building long-term value. 2025 2026 2026 2027 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q4 • Acquisition and Updated NI • Complete Phase 1 Infill & • Commence Phase 2 Infill & • Prepare for Feasibility Study 43-101
Slide 22: Community Engagement & Environmental Stewardship
COMMU NI TY ENGAGEM ENT & ENVIR ONMENTA L STEWA R DSHI P FIRST NATIONS ENGAGEMENT EMPLOYMENT & TRAINING • Ongoing discussions to formalize Exploration • Prioritizing the employment of skilled First Agreements with local First Nations. Nations talent across exploration programs. • Commitment to trans
Slide 23: Capital Structure
CAPITAL STRUCTURE Ownership Structure CSE: MLM | OTC: MLMLF 15% Share Price** C$0.10 Market Capitalization C$44.5 million 41% 20% Shares Outstanding 423.5 million Warrants 93.7 million 24% Options 59.1 million Fully Diluted 576.3 million Management & Insiders Strategic Partners Institutional Public
Slide 24: Why Invest: Positioned for Growth
WHY INVEST McFarlane Lake Mining | Positioned for Growth NEWLY ACQUIRED, TRANSFORMATIONAL ASSET +90% METALLURGICAL RECOVERIES 1 Recent acquisition of the Juby Gold Project positions McFarlane as the owner of a large-scale, NI 43-101– compliant gold resource in Ontario’s Tier-1 Abitibi Belt. 4 Conven
Slide 25: Appendix
APPENDIX CSE: MLM | OTCQB: MLMLF | FRA: W2Z | 25
Slide 26: Peer Comparison: EV/Au Eq Oz
P EER C OM PA R I SO N Deeply discounted based on EV/AuEq Oz 140 120 100 EV/Au Eq Oz 80 Avg. EV/Oz Au Eq 60 C$60.6 40 $14.7 20 0 GGO SPA STLR TLG FF ECR MLM SIG MFG WHN RPX IGO TSK WM TAU AUXX WGO GWM GLDC BYN CCM *Independent research analysis conducted by ECM Capital Advisors Ltd. CSE: MLM | OTCQB
Slide 27: Notes to MRE for Tables 1 & 2
NOTES TO M RE FO R TABLES 1 & 2 Note 1: Mineral Resource Statement Notes 7. The 0.25 g/t Au cut-off for OP and the 1.85 g/t Au cut-off for UG used for reporting is based on the following: 1. CIM definition standards were followed for the resource estimate. a. Long term Gold price of US$2,500/oz b. M
Slide 28: Contact Us
CONTACT US Mark Trevisiol, CEO mtrevisiol@mcfarlanelakemining.com Investor Relations investors@mcfarlanelakemining.com CSE: MLM | OTCQB: MLMLF | FRA: W2Z CSE: MLM | OTCQB: MLMLF | FRA: W2Z |
McFarlane Lake Mining — Investor Presentation (March 2026) on 6ix