Slide 1: Corporate Presentation PDAC March 2026
CORPORATE PRESENTATION PDAC MARCH 2026
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 Statement on Mineral Resources
Cautionary Statement on Mineral Resources This news release uses the terms indicated and inferred mineral resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that mineral resources are not mineral reserves and that the economic viability of reso
Slide 4: Latest MRE – 3.17 Moz inferred, 1.01 Moz indicated gold
Latest MRE – September 29,2025 US$2500/oz Au: 3.17 million inferred ounces gold at 0.89 gpt gold 1.01 million indicated ounces gold at 0.98 gpt gold (See Table 1 and note 1) Resource Sensitivities at US $3750/oz gold Juby yield: Timmins 4.22 million inferred ounces at 0.85 gpt gold Sudbury 1.2 milli
Slide 5: The Juby Project has all the infrastructure to support a district scale mining camp
The Juby Project has all the infrastructure to support a district scale mining camp IT CHECKS ALL THE BOXES ✓ INFRASTRUCTURE – POWER, ROADS ✓ POPULATION BASE 25,000 WITHIN 100 KM ✓ +90% METALLURGICAL RECOVERIES (impurity free) ✓ PRODUCTION OPTIONALITY ✓ HIGH GRADE OPEN PIT STARTER OPTION WITH DIRECT
Slide 6: Investment Opportunity Juby Gold (Ontario)
Investment Opportunity GREATLY UNDERVALUED OPPORTUNITY Where we play FOR GOLD INVESTING Company Project Market Cap EV ($M) Resource (Moz Au) Market Cap/Oz ($M)* Juby Gold 55 54 4.18 13 (Ontario) Moss Gold 686 370 6.67 107 (Ontario) Fenn-Gib Gold 355 300 4.45 82 (Ontario) Chibougamau* 294 287 3.54 83
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: Exploration - Focused On Adding Gold Ounces
Exploration - Focused On Adding Gold Ounces +10Moz Potential Target 8Moz +10.0MAT oz Au 6Moz ~ 1 g/t Au Sensitivity at $3750 / oz Au 4Moz IND: 1.2 M Oz @ 0.94 g/t Au Based on Geological MRE Growth INF: 4.2 M Oz @ 0.85 g/t Au 0.25 COG @ $2500 Au Modeling Review this is what we are 2Moz Potential IND:
Slide 9: Four Gold Deposits
FOUR GOLD DEPOSITS HYRDO CREEK BIG DOME GOLDEN LAKE JUBY CSE: MLM OTCQB: MLMLF 9
Slide 10: RTDZ – What Does It Look Like?
RTDZ – WHAT DOES IT LOOK LIKE? Deformation - Shearing - Folding JUBY HYDRO CREEK CSE: MLM OTCQB: MLMLF 10
Slide 11: Value Add Drivers 2026 – Visible Gold Cluster
Value Add Drivers 2026 Visible Gold Cluster – Drilled Jan 2026 ➢ Exploration Drilling 20 occurrences of Visible Gold. 6.58 gpt over 10.3 m contained in 3.32 ➢ Target to add 1 million ounces of gpt of 22.3 m - all within 33m of surface resources ➢ 13,000 Meters of drilling – Largest program every on
Slide 12: More Gold – Exploration Plan 2026
More Gold – Exploration Plan 2026 CSE: MLM OTCQB: MLMLF 12
Slide 13: Exploration - Focused On Adding Gold Ounces
Exploration - Focused On Adding Gold Ounces Potential to ADD 500,000-1,100,000 ounces *$2.50-$4.50 per ounce Discovered* Infill & Expand – Planned 23 holes for a total of 13,000 meters of drilling Long Section – Golden Lake and Juby Golden Lake – significant Juby West – potential to Juby East – pote
Slide 14: More Gold - Parallel Structures
MORE GOLD - PARALLEL STRUCTURES A – 826 Zone 0.85 g/t Au over 36.30m B B – Byberg Mining Lease Grabs up to 7.54 g/t D Au C – Juby Mining C Lease Grabs up to 17.60 g/t Au PARALLEL STRUCTURES? A 2.5km D – What is under the glacial sand and gravel CSE: MLM OTCQB: MLMLF 14
Slide 15: Our Announcement March 2/26
Our Announcement March 2/26 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 meters Added additional drilling capacity CSE: MLM OTCQB: MLMLF 15
Slide 16: Section looking Northwest on Golden Lake Deposit
Our Announcement March 2/26 Section looking Northwest on Golden Lake Deposit CSE: MLM OTCQB: MLMLF 16
Slide 17: Isometric looking East at the 826 Zone
Our Announcement March 2/2026 Isometric looking East at the 826 Zone CSE: MLM OTCQB: MLMLF 17
Slide 18: Exploration - Announcement January 2026 – 826 Zone
Exploration - Focused On Adding Gold Ounces Annoucement January 2026 – 826 Zone CSE: MLM OTCQB: MLMLF 18
Slide 19: Drilling at Golden Lake Deposit February 2026
Drilling at Golden Lake Depost February 2026 CSE: MLM OTCQB: MLMLF 19
Slide 20: Open at Depth
OPEN AT DEPTH Gold deposits that extend well below depths of 3,000m ---------------------------------------------- Our Deepest known ore body 750m 8.7km Hydro Creek Big Dome Golden Lake Juby ~300 m 750m Open at depth & along strike 0.25 g/t Au cutoff 1 Km CSE: MLM OTCQB: MLMLF 20
Slide 21: High Grade Open Pit Potential – Early Ore Shipping
HIGH GRADE OPEN PIT POTENTIAL – EARLY ORE SHIPPING Over 1 million ounces of HIGH-GRADE GOLD within open pit shells Resource Contained Resource Contained Cut-Off Au g/t Cut-Off Au g/t Classification Metal Au Oz Classification Metal Au Oz indicated 1.25 2.09 inferred 1.25 2.11 479,000 1,081,000 indica
Slide 22: Next Steps - The Path to Developing Ontario's Next Gold Deposit
Next Steps -The Path to Developing Ontario's Next Gold Deposit 2025 Q3 Q4 2026 ✓ Acquisition + 43-101 Q1 Q2 2026 update (completed) ➢ Complete Phase 1 Infill & Q3 Q4 exploration 10-15k meter ➢ Commence Phase 2 Infill 2027 ✓ Drilling by Dec 2025 diamond drill program Q1 Q4 (permit received, and expan
Slide 23: Capital Structure
Capital Structure Aris Mining owns 19.5% of common shares As of Nov 2025 Shares Outstanding 423,000,000 Warrants 102,000,000 Options 59,625,000 Fully Diluted 580,625,000 Market Capitalization $55 M CSE: MLM OTCQB: MLMLF 23
Slide 24: Investment Opportunity Juby Gold (Ontario)
Investment Opportunity GREATLY UNDERVALUED OPPORTUNITY Where we play FOR GOLD INVESTING Company Project Market Cap EV ($M) Resource (Moz Au) Market Cap/Oz ($M)* Juby Gold 55 54 4.18 13 (Ontario) Moss Gold 686 370 6.15 111 (Ontario) Fenn-Gib Gold 355 300 4.4 80 (Ontario) Chibougamau* 294 287 3.54 83
Slide 25: Appendix
APPENDIX 1 CSE: MLM OTCQB: MLMLF 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
Slide 29: Exploration - Unsampled Drill Core
Exploration - Focused On Adding Gold Ounces Cheapest way to ADD ounces *UNSAMPLED DRILL CORE* potential to add 75,000 – 150,000 Ounces *$5.33-$10.66 per ounce Discovered* *Exploration team recognized ~10,000m of unsampled core from years 2000-2011* Phase 1 – Review and process 2000m of top priority
Slide 30: Gold Price Sensitivities
Table 2 – Gold Price Sensitivities (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Gold Revenue Cut-Off Tonnage Grade Contained Price Factor Classification Constraints Grade (tonnes) (Au g/t) Metal Oz ($USD) (RF) (Au g/t) Indicated OP/UG 0.25/1.90 27,317,00
Slide 31: 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 OPPORTUNITY mircon Au Gravity Pa s t
Slide 32: Top 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**) From GT Hole ID To (m) Length Au g/t (grade x Deposit (m) thickness) G05-22 199.20 202.64 3.44 130.06 447.41 Big Dome High Grade Potential GL-18-44 1
Slide 33: Prolific Abitibi Greenstone Belt >200 Moz Au
Prolific Abitibi Greenstone Belt >200 Moz Au JUBY PROPERTY Excellent access to infrastructure and experienced workforce CSE: MLM OTCQB: MLMLF 33
Slide 34: Notes to MRE for Tables 1 and 2
NOTES TO MRE for Tables 1 and 2 (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Note 1: Mineral Resource Statement Notes 1. CIM definition standards were followed for the resource estimate. 2. This Mineral Resource has an effective date of September 29, 202
Slide 35: Shining Tree Geology
SHINING TREE GEOLOGY Ridout-Tyrrell JUBY Deformation PROPERTY Zone (RTDZ) Porcupine Assemblage 2690-2680 Ma Sediments and Felsic Intrusions CSE: MLM OTCQB: MLMLF 35
Slide 36: Cross-Section
CROSS-SECTION 1.12 g/t Au over 1.20 g/t Au over 37.38m 47.70m 1.38 g/t Au over 42.41m 1.14 g/t Au over 1.23 g/t Au over 94.04m 75.13m CSE: MLM OTCQB: MLMLF 36
Slide 37: Project Chronology – Three Decades Later
PROJECT CHRONOLOGY – THREE DECADES LATER 116,000 METERS OF DRILLING Temagami Land 1998-2012 Caution 1973-1995 2021 2002-2013 Shining Tree area 2018 withdrawn from mineral exploration CSE: MLM OTCQB: MLMLF 37
Slide 38: 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 39: Resources Cut-Off Constraints
Table 1 – Detail Mineral Resource Estimate within pit shell + underground shapes (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Cut-Off Tonnage Grade Contained Resources Constraints Grade (Au g/t) (Mt) (Au g/t) Metal (Moz) Indicated OP 0.25 30.78 0.94 0.93
Slide 40: 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 40