Slide 1: The Fondaway Canyon Gold Project, Nevada
The Fondaway Canyon Gold Project, Nevada 2026 Mineral Resource Estimate April 2026 CSE: GTCH OTCQB: GGLDF FWB: GGA1
Slide 2: Capital Structure and Management & Board
Capital Structure Management & Board SHARES OUTSTANDING: 201.2 M MIKE SIEB, President A senior executive with over 30 years of strong corporate and MARKET CAP: CA$60 M project management experience in international mining and exploration across multiple commodities and jurisdictions. During WARRANTS
Slide 3: Excellent Location (Road Access, Resources, and Jurisdiction)
Fondaway Canyon Excellent Location (Road Access, Resources, and Jurisdiction) Consistently Ranked One of the Top Mining Jurisdictions in the World Producing Gold Mines 22 major gold mines Ranked 8th in the world for gold production 4.0 M oz of gold produced annually valued at ~USD 18 billion (at tod
Slide 4: 2026 Mineral Resource Estimate
2026 Mineral Resource Estimate
Slide 5: Fondaway Canyon – Claims and Gold Corridor
Fondaway Canyon – Claims and Gold Corridor 2026 Mineral Resource Estimate* Versus 2024 MRE Significant Growth due to Highly Successful 2025 Drill Results and Gold Price Increase 21% Global Increase in Mineral Resources Open Pit model expanded by 50-65m on strike and dip Gold mineralization OPE
Slide 6: Fondaway Canyon – Claims and Gold Corridor
Fondaway Canyon – Claims and Gold Corridor 2026 Mineral Resource Estimate* By Zone Oxide Cap** ** Subset of and included in the 2026 MRE (not additional to) 88% of Mineral Resources is Hosted in the Central Pit 9% Other Open Pit Resources 3% UG resources 8% of Global Mineral Resources is Oxi
Slide 7: Colorado SW Section (C-C’) – 2025 Drill Results
2026 Mineral Resource Estimate Colorado SW Section (C-C’) – 2025 Drill Results Surface High-Grade FCG25-29: 2.1 g/t Au over 58.7m OPEN Up Dip FCG25-30: 1.1 g/t Au over 55.8m Down Dip FCG25-32: 1.1 g/t Au over 90.7m On Strike to the NW FCG25-36: 2025 Drill Holes 1.4 g/t Au over 23.6m Extend Gold Mine
Slide 8: Colorado SW Section (C-C’) – Gold Grade Block Model
2026 Mineral Resource Estimate Colorado SW Section (C-C’) – Gold Grade Block Model Gold Mineralization and Open Pit Model Extended Down Dip to the SW OPEN Along Strike to the NW Strong Continuity with Gold Mineralization OPEN for Further Expansion Open Pit Model Extended 65m Down Dip to the
Slide 9: Colorado SW Section (C-C’) – Resource Classification Block Model
2026 Mineral Resource Estimate Colorado SW Section (C-C’) – Resource Classification Block Model Significant Conversion of Indicated to Inferred Resources OPEN Open Pit Model Extended 65m Down Dip to the SW Mineralization Remains OPEN along Strike and Dip 9
Slide 10: Mid-Central Section (M-M’) – 2025 Drill Results
2026 Mineral Resource Estimate Mid-Central Section (M-M’) – 2025 Drill Results Down Dip FCG25-33: 1.4 g/t Au over 122.3m Ended in High-Grade FCG25-34: 2.1 g/t Au over 50.0m 1.5 g/t Au over 36.0m 2025 Drill Holes Extend Gold Mineralization Down Dip Mineralization Remains OPEN along Strike and Dip 10
Slide 11: Mid-Central Section (M-M’) – Gold Grade Block Model
2026 Mineral Resource Estimate Mid-Central Section (M-M’) – Gold Grade Block Model Gold Mineralization and Open Pit Model Extended Down Dip to the SW Strong Continuity with Gold Mineralization OPEN for Further Expansion Open Pit Model Extended 60m Down Dip to the SW Mineralization Remains OPEN
Slide 12: Mid-Central Section (M-M’) – Resource Classification Block Model
2026 Mineral Resource Estimate Mid-Central Section (M-M’) – Resource Classification Block Model Significant Increase to Inferred Resources Open Pit Model Extended 60m Down Dip to the SW Mineralization Remains OPEN along Strike and Dip 12
Slide 13: Longitudinal Section (L-L’) – 2025 Drill Results
2026 Mineral Resource Estimate Longitudinal Section (L-L’) – 2025 Drill Results The Importance and Contribution of Holes FCG25-33 and 34 for the: Continuity; and Increase to the mineralization. FCG25-36 for the: Increase to the Mineralization; and Discovery of High-Grade Well Beyond any Pr
Slide 14: Longitudinal Section (L-L’) – Gold Grade Block Model
2026 Mineral Resource Estimate Longitudinal Section (L-L’) – Gold Grade Block Model Gold Mineralization and Open Pit Model Extended Along Strike to the NW and SE Strong Continuity with Gold Mineralization OPEN for Further Expansion Mineralization Remains OPEN along Strike and Dip 14
Slide 15: Longitudinal Section (L-L’) – Resource Classification Block Model
2026 Mineral Resource Estimate Longitudinal Section (L-L’) – Resource Classification Block Model Shows the: Significant Increase to Indicated and Inferred Resources; Strong Continuity of Mineralization; and Readily Apparent Areas to Target to Convert Indicated to Inferred Resources and Exten
Slide 16: 2024 Preliminary Economic Assessment
2024 Preliminary Economic Assessment† † Completed prior to 2025 drilling
Slide 17: 2025 Preliminary Economic Assessment (“PEA”) Published February 2025
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) Published February 2025 Conventional open pit mining and 8,000 tonne/day milling operation with an initial PEA was limited to the 10.5 year mine life and the ship/sale of a high-grade concentrate to a local 3rd party refinery open pit mi
Slide 18: 2025 Preliminary Economic Assessment (“PEA”)
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) Table 1: Economic Parameters (USD) Key Assumptions Base Case Gold Price $2,250/oz Production Profile Total Tonnes Processed (mt) 30.3 Total Tonnes Waste (mt) 143.4 Strip Ratio 4.7 Mill Feed Grade 1.50 g/t Au Mine Life 10.5 years Throughput
Slide 19: 2025 PEA: Production Profile and Cost Profile
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) Robust Production Profile 1.23 million ounces gold recovered over a 10.5 life of mine 117,300 ounces average annual gold production 84% gold recovery Excellent Cost Profile Table 5: Operating Cost Estimate (USD) $/tonne $/oz Au Table
Slide 20: Strong Base Case Project Economics
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) Strong Base Case Project Economics Table 2: Project Economics Summary (USD) $2,250/oz Gold Price $2,500/oz Gold Price Pre-Tax Pre-Tax After-Tax Pre-Tax After-Tax $546 million pre-tax NPV10% NPV5% ($M) $ 761 $ 668 $ 990 $ 849 51.2% pre-
Slide 21: Gold Price is Markedly Higher
Gold Price Gold Price is Markedly Higher US$3,000 gold price US$2,250 gold price Current gold spot Higher gold price underpins the 2026 underpins the 2025 price is more than Mineral Resource Preliminary Economic double the underlying directly improves Estimate Assessment basis for valuation economic
Slide 22: Metallurgical Studies
Fondaway Canyon Metallurgical Studies 1988-2017: Metallurgical testing of the mineralized material at Fondaway Canyon conducted by reputable labs. 2024: In support of the PEA, the metallurgical studies reported a marketable concentrate and highly satisfactory gold recoveries of 84%. Additionally, pr
Slide 23: 2026 Project Activities
Fondaway Canyon 2026 Project Activities 2026-Q2 Update Preliminary Economic Assessment incorporating: • 2026 Mineral Resource Estimate • metallurgical studies • A revised gold price reflective of the current market 2026-Q2 Plan of Operation • Complete Field Studies • File a Comprehensive Plan of
Slide 24: Foundational Value with Excellent Growth Potential
Fondaway Canyon Gold Project Foundational Value with Excellent Growth Potential Evident Value Large Mineral Resource Estimate Robust Preliminary Assessment Top Mining Jurisdiction Upside Potential Strong Gold Market Gold Mineralization Open for Expansion Multiple Factors Contributing to
Slide 25: Fondaway Canyon Gold Project
FONDAWAY CANYON GOLD PROJECT An Advanced Exploration Stage Project That Continues to Impress Contact us: Karen Mate, Corporate Communications Main Office: (416) 230-6454 +1 647 249 4798 kmate@capitalmarketsadvisory.ca info@getchellgold.com www.getchellgold.com CSE: GTCH FWB: GGA1 OTCQB: GGLDF
Slide 26: Forward Looking Statements
Forward Looking Statements Certain of the statements made and information contained herein are “forward-looking information”. These statements relate to future events or the Company's future performance. Statements, other than statements of historical fact, may be forward-looking statements. General
Slide 27: Fondaway Canyon 2026 Mineral Resource Estimate Notes
Fondaway Canyon 2026 Mineral Resource Estimate Notes 1. The independent and qualified person for the mineral resource estimate, as defined by NI 43-101, is Michael Dufresne, P.Geol., P.Geo., from APEX Geoscience Ltd. 2. Mineral Resources, which are not Mineral Reserves, do not have demonstrated econ
Slide 28: Fondaway Canyon 2025 Preliminary Economic Assessment Notes
Fondaway Canyon 2025Preliminary Economic Assessment Notes The PEA is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is
Slide 29: Appendix
APPENDIX 29
Slide 30: 2025 Mineral Resource Estimate Tables
Fondaway Canyon 2025 Mineral Resource Estimate Tables 30
Slide 31: Drilling Highlights 2025
Drilling Highlights 2025 Colorado SW Zone Mid-Central Zone North Fork Zone 31
Slide 32: Drilling Highlights 2020-2022
Drilling Highlights 2020-2022 32
Slide 33: Drilling Highlights 2020-2022
Drilling Highlights 2020-2022 33
Slide 34: Capital Structure (as at Jan. 12, 2026)
Capital Structure (as at Jan. 12, 2026) 34