Mcfarlane Lake Mining Limited · CSE:MLM
Mcfarlane Lake Mining — Investor Presentation (September 2025)
28 slides from Mcfarlane Lake Mining's investor presentation, September 2025
Slide 1: Juby Presentation
MCFARLANE LAKE ——— MINING ——— JUBY PRESENTATION SEPT 2025
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation of McFarlane Lake Mining Incorporated (the “Company” or “McFarlane Lake”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or s
Slide 3: Cautionary Note Regarding Historical Estimates
**Cautionary Note Regarding Historical Estimates • The historical production figures and resource estimates presented in this presentation release for the Juby Gold Project and Tyranite properties are considered historical in nature and have not been verified by a qualified person under NI 43-101. M
Slide 4: One of Ontario's Largest Undeveloped Gold Resources
One of Ontario’s Largest Juby Undeveloped Timmins Gold Resources Sudbury US$ 113 Million Valuation (Red Cloud Securities – July 8/2025) Toronto CSE: MLM OTCQB: MLMLF 4
Slide 5: Comparing the Juby acquisition
Comparing the JUBY acquisition Top 3 Similar Ontario Acquisitions 1. COTE GOLD (IAM GOLD) – 2012 purchased for $608 million, MRE = 930k oz Au Ind and 5.94M oz Inf. $89/ounce 2. MOSS GOLD (GOLDSHORE) – 2021 purchased for $57 million, MRE = 1.47M oz Au Ind and 2.5M oz Inf. $14/ounce 3. GREAT BEAR - (K
Slide 6: The Juby Project has all infrastructure to support a district scale mining camp
The Juby Project has all infrastructure to support a district scale mining camp IT CHECKS ALL THE BOXES ✓ INFRASTRUCTURE – POWER, ROADS ✓ POPULATION BASE 25,000 WITHIN 100 KM ✓ +90% Metallurgical Recoveries ✓ Production Optionality ✓ HIGH GRADE OPEN PIT STARTER OPTION WITH DIRECT SHIPPING OF ORE ✓ o
Slide 7: Located amongst Canada's Largest Gold Mines in Prolific Abitibi Greenstone Belt
Located amongst Canada’s Largest Gold Mines in Prolific Abitibi Greenstone Belt that has produced >200Moz Major Fault Zones ➢ 116,000 meters drill to date ➢ Drill core and drill logs in tack for review CSE: MLM OTCQB: MLMLF 7
Slide 8: Historical Resource estimate at US$1450/oz Gold, huge potential to increase resource
Historical Resource estimate at US$1450/oz Gold, huge potential to increase resource Inferred resources 1,488,000 ounces of gold @ 0.98 gpt Indicated resources 773,000 ounces of gold @ 1.13 gpt See note herein on above historical resource** CSE: MLM OTCQB: MLMLF 8
Slide 9: More Gold - Parallel Structures
MORE GOLD - PARALLEL STRUCTURES Byberg Mining Leases - Acquired 2014 - 9.07 tonnes @ 49.0 g/t Au (Wrag 1935) High Grade Potential - Has not seen recent drilling - 2,934 g/t Au over 0.07m - Mafic Volcanics and porphyry - 218 g/t Au over 2.05m - Grabs up to 7.54 g/t Au Juby Mining Lease - Grabs up to
Slide 10: More Gold - Conceptual HG Targets @ Golden Lake
More Gold - Conceptual HG Targets @ Golden Lake • Potential to step-out from higher grade areas at Golden Lake (green below) • Estimated ~5,000 m in 10 drillholes to test targets Mineralization >3 gpt Au Grade Shells at 1.5 gpt Au CSE: MLM OTCQB: MLMLF 10
Slide 11: More Gold - Conceptual HG Targets @ Juby Main
More Gold - Conceptual HG Targets @ Juby Main • Potential to step-out from higher grade areas at Juby Main (green below) • Estimated ~5,000 m in 9 drillholes to test targets Mineralization >3 gpt Au Grade Shells at 1.5 gpt Au CSE: MLM OTCQB: MLMLF 11
Slide 12: High Grade Open Pit Potential – Early Ore Shipping
HIGH GRADE OPEN PIT POTENTIAL – EARLY ORE SHIPPING (Data below is considered historical see note regarding historical estimate referenced herein**) Au % Average % Samples Above Total # of Threshold Samples Below Volume (M m3) Grade (g/t) Cut-off Samples (g/t) Cut-off 1.0 2.41 4.2 95.9 1,449 12.6 1.1
Slide 13: Long Section – Grades above 3 gpt Gold
Long Section – Grades above 3 gpt Gold (Data below is considered historical see note regarding historical estimate referenced herein**) Near Surface high grade ore Hydro Creek Zone Big Dome Zone Surface Golden Lake Zone Juby Zone ~300 m Red outline Grade Shell = 1.5 gpt 8.7 km of strike Green outlin
Slide 14: Juby is open at Depth, Along Strike and through Parallel Structures
Juby is open at Depth, Along Strike and through Parallel Structures (Data below is considered historical see note regarding historical estimate referenced herein**) 8.7km Hydro Creek Big Dome Golden Lake Juby ~300 m 1 g/t Au Grade shell Open at depth & along strike 0.2 g/t Au Grade Shell 1 Km CSE: M
Slide 15: Juby is open at Depth, Along Strike and through Parallel Structures
Juby is open at Depth, Along Strike and through Parallel Structures (Data below is considered historical see note regarding historical estimate referenced herein**) 8.7km Hydro Creek Big Dome Golden Lake Juby ~300 m Open at depth & along strike 0.2 g/t Au Grade shell 1 Km CSE: MLM OTCQB: MLMLF 15
Slide 16: Potential +10Moz Target MRE Growth
+10Moz Potential Target +10.0MAT oz Au MRE Growth 8Moz ~ 1 g/t Au Potential 6Moz 4Moz Based on Geological Resource Modeling Review this 2Moz 2020 is HIGHLY Achievable 0.4 COG @ $1450 Au IND: 7 7 3 K oz Au @ 1.13 g/t 1Moz INF: 1 . 4 9 M oz Au @ 0.98 g/t *GeoVector - UPDATED MINERAL RESOURCE ESTIMATE
Slide 17: Potential to Consolidate Camp
POTENTIAL TO CONSOLIDATE CAMP - iMetal – 1.56M Market Cap (New discovery – Zone 1) - PTX Metals (previously Platinex) – 12.47M Market Cap - ORECAP (previously Orefinders) - 17.34M Market Cap CSE: MLM OTCQB: MLMLF 17
Slide 18: The Path to Developing Ontario's Next Gold Deposit
The Path to Developing Ontario's Next Gold Deposit 2025 Q3 Q4 2026 ✓ Acquisition + 43-101 Q1 Q2 2026 update ✓ Infill & exploration drilling Q3 Q4 ~ 10-20k meters 2027 ✓ Strategic investor for ✓ Advanced Exploration Permit Q1 Q4 financing ✓ Baseline water study ✓ Feasibility ✓ Site Preparation ship o
Slide 19: Top 10 Drill Hole Intersections that make Juby Golden
Top 10 Drill Hole Intersections that make JUBY Golden ( Data below is considered historical see note regarding historical estimate referenced herein**) GT Hole ID From (m) To (m) Length Au g/t (grade x Deposit thickness) G05-22 199.20 202.60 3.40 130.00 442.00 Big Dome GL-18-44 100.00 138.40 38.40 1
Slide 20: Juby Gold Project Ontario Site Infrastructure Concept
Juby Gold Project Ontario Site Infrastructure Concept ( Data below is considered historical see note regarding historical estimate referenced herein**) What would it look like? CSE: MLM OTCQB: MLMLF 20
Slide 21: Excellent metallurgy recoveries
Excellent metallurgy 93.4% 91% recoveries Au Re c ove r y C ya n i d e + GOLD RECOVERY GOLD RECOVERY G r av i t y w i t h provides process 25 microns Juby GOLDEN plant optionality Deposit LAKE Partical Head Au Au Recovery Zone Size P80 Grade Recovery CN + Gravity mircon Au Gravity OPPORTUNITY Pa s t
Slide 22: Community & Environment
Community & Environment First Nations Early Exploration • Discussion on Exploration Agreements • Transparency on plans with regular updates Employment and training • Employing skilled First Nations talent for upcoming programs • Implementing best-in-class advanced training programs Environmental Ini
Slide 23: Other Property Locations
OTHER PROPERTY LOCATIONS MCMILLAN MINE / MONGOWIN ONTARIO (70 km to Sudbury) Numerous Recent High-Grade intercepts 10.7 g/t gold 5 m , 8.5 g/t over 4.1m, 6.2 g/t over 6.45 m Past Producer of 60,000 tons with a recovery grade of ~6 g/t Au (9 to 15 g/t reported ore grades) HIGH LAKE ONTARIO (30 km to
Slide 24: Capital Structure
Capital Structure Rob McEwen and Frank Giustra participated in Past Financing As of May 2025 Shares Outstanding 270,658,000 Warrants 33,238,000 Options 24,525,000 Fully Diluted 328,421,000 Market Capitalization $20-25 M (fully diluted) 24
Slide 25: Appendix
APPENDIX CSE: MLM OTCQB: MLMLF McFarlane Lake Mining Limited 25
Slide 26: Proven Management Team
Proven Management Team LED BY A TEAM WITH EXPERIENCE Mark Trevisiol Brad Boland Winston Whymark Andrew McLellan, MSc President, CEO, Chair of Board CFO, Secretary Manager Exploration Senior Geologist Andrew is a geologist with 15 years Over 30 years of experience in mining and Over 25 years of exper
Slide 27: Experienced Board
Experienced Board Perry Dellelce Amanda Fullerton Deborah Battiston Director Director Director Mr. Dellelce is a founder and the managing Ms. Fullerton has been the Vice President, Ms. Battiston is a CPA and an ICD.D (“Institute of partner of Wildeboer Dellelce LLP, one of Legal & Corporate Secretar
Slide 28: Experienced Board
Experienced Board Fergus Kerr Dario Zulich Roger Emdin P.Eng Director Director Director Mr. Zulich is an accomplished entrepreneur and community 30+ years of senior management and Mr. Kerr is a Professional Mining Engineer and is leader who has made significant contributions to the sports operating
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