Corporate Presentation Augu ugust 11, 11, 202 2020 Disclaimer - - PowerPoint PPT Presentation

Corporate Presentation Augu ugust 11, 11, 202 2020

Disclaimer

This Presentation contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the timing and nature of estimated future exploration, success of exploration activities, and potential transactions and ventures discussed. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to

• btain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and

development, fluctuations in the price of minerals, and general economic conditions. Wade A. Hodges, CEO of Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this Presentation.

TSX.V:NGE; OTCQB:NVDEF Market Cap: CA$23M Issued & Outstanding: 104M Fully Diluted: 134M Insider Ownership: 25%

Nevada Exploration Inc.

Team of proven Nevada explorers (+50 Moz) First mover applying new technologies Exploring for Tier 1 Carlin-type gold deposits Advancing three district-scale projects (150 km2)

Involved in discovery +30 Moz of gold in Nevada

• Sr. Exploration Manager, Santa Fe Pacific Gold

40 years Nevada experience Wade A. Hodges M.Sc., P.Geo CEO & Director 30 years Nevada experience Involved in discovery 7 Moz of gold in Nevada Kenneth N. Tullar B.Sc., P.Geo COO Global Porphyry Copper Exploration Manager, BHP 38 years of international experience

• Dr. John E. Larson

Ph.D. Director James Buskard MBA, BES President

Goldrush Twin Creeks Lone Tree Rosebud Mule Canyon Elder Creek Goldbar Easy Junior Cove McCoy Wildcat

• Mtn. View

Goldfield New Aurora

+50 Moz of Gold in Nevada

Leader in undercover exploration technologies 15 years Nevada experience Member of Barrick’s discovery team at Goldrush Chief Geochemist Global, and Chief Geologist South America, Barrick 28 years of international experience Simon Griffiths M.Sc. Senior Technical Advisor

Proven technical team

80%

From 3 Camps

Carlin: 119 Moz Au Cortez: 44 Moz Au Getchell: 38 Moz Au

+ +

1 2 3 4 5 6 7 8 9 10 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025

Nevada Annual Gold Production

(Moz/year) SOURCE: NBMG

1998: 8.9 Moz

• 40 %

2017: 5.6 Moz

( WORL D ’ S L A RGEST MI NI NG COM PA NY)

Jean des Rivieres Vice President Exploration Copper "We need to be mindful that the near- surface search space is quickly disappearing …any world-class orebody that was partially exposed has most likely been discovered."

Under Cover

85%

BHP’S EXPLORATION BUDGET

Under-cover opportunity in Nevada

55%

>200

Produced to date

Moz Au

>200

Moz Au Projected residual endowment under cover

New Lab Technology (HR-ICP-MS)

Latest under-cover detection technology

Then Now

GROUNDWATER

“The universal solvent”

Footprints in groundwater 10X > deposits

Paul Agnew Chief Geologist Technology "Anyone drilling a hole and not taking a groundwater sample is crazy.“

(Keynote Plenary Session, Exploration ’17 – Toronto)

Groundwater programs around the world

Industry leaders

CSIRO First Quantum Anglo American Chile & Phelps Dodge

Nevada Exploration

NGE Groundwater Program

World’s largest program +6,000 groundwater samples mostly from purpose-drilled sampling bores Tested around +30 known gold mines Built database of new exploration targets Discovered 3 new district-scale Carlin-type gold projects (150 km2)

Kelly Creek Grass Valley South Grass Valley

Groundwater samples NGE projects

Cortez Hills Pipeline Goldrush / Fourmile

South Grass Valley Project

Air magnetic survey (2018) Gravity survey (2018) Soil geochemistry (2018-19) Infill groundwater (2018-19) Detailed mapping (2019) Stratigraphic orientation drilling (2018-19) Infill RC drill sampling (2020)

Cortez District (44 Moz Au)

Grass Valley Intrusive Stock

2018-2019 Initial Stratigraphic Core Holes 2020 Infill Reverse-Circulation Sampling Holes

Lower-Plate Host Rocks South Grass Valley Project Classic architecture of a Carlin-type gold district

• Complex, regional-scale structural fabric with multiple structural trap sites
• Thick package of reactive lower-plate exhibiting significant brecciation
• Along the margin of a major intrusive

Size of system

South Grass Valley Project Massive Carlin-type Mineral System

Widespread alteration, intense silicification Multi-phase sulfide & oxide mineralization Enriched gold and CTGD pathfinders

South Grass Valley Project Controls for Mineralization

Primary source of mineralized hydrothermal fluids from deep-seated regional-scale structural corridor Dominant secondary control

• f fluid flow associated with

a Cambrian-aged limey mudstone (the “Clm Unit”)

Intersection of Clm Unit and structural corridor defines East Golden Gorge target

South Grass Valley Project Planned 2020-21 Core Drilling Program

12,500-metre 10-hole program

South Grass Valley Project Goldrush footprint for scale (10 Moz Gold @ 10 g/t)

KC Google Earth

Kelly Creek Project

Gravity, air magnetic, seismic, CSAMT geophysics (pre-2016) Stratigraphic orientation drilling (pre-2016) Wide-spread shallow RC drilling (2016-17)

Getchell District (38 Moz Au)

Lone Tree (4.6 Moz Au)

• Approx. Project

Area (53 km2)

Kelly Creek Project Major l land h d holder ders

Historically, limited systematic, coordinated exploration: multiple holders have advanced smaller land positions in isolation, including: BHP, Newmont, Barrick, AngloGold, Hemlo, Homestake, and Kennecott Today, consolidated to three major holders:

• 1. Nevada Gold Mines

(Barrick and Newmont JV)

• 2. SSR Mining
• 3. Nevada Exploration

Kelly Creek Project 201 2016-17 S Shallow R RC S Sampling R Results

Marigold (8.2 Moz) Lone Tree (4.6 Moz)

Gold in groundwater

Based on the combined gravity, air magnetic, seismic, CSAMT, and early orientation drill holes, Nevada Exploration confirmed the favourable host units and structural controls associated with Lone Tree and Marigold project northwards to the Kelly Creek Project area, under relatively shallow cover The 2016-17 shallow RC drilling defined discrete NNW zones of enriched gold in bedrock and groundwater bounded by the primary N-S structural fabric that runs north from Marigold, consistent with the geometry

• f

zones

• f

structural extension (Riedel-style shears) that provide important mineral-controls at many of Nevada’s major gold deposits.

Kelly Creek Project July 202 2020: NG NGE optioned p projec ect t to A

• Austin G

Gol

• ld C

Cor

• rp.

Terms:

• To earn a 51% JV interest, Austin Gold must spend

$5M within four years

• Austin Gold can earn an additional 19% interest (for a

total of 70%), by delivering a prefeasibility study

• At NGE’s election, Austin Gold to provide NGE’s

portion of any debt financing or arrange for third party financing of NGE’s portion of any debt financing to construct a mine in exchange for additional 5%

• If a party is diluted to a 10% interest in the joint

venture, its interest will be converted to a 10% net profits interest

Austin’s Executive Chairman, Joe Ovsenek (former Pretium Resources Inc. CEO):

“Kelly Creek is one of only a handful of district-scale Carlin-type gold projects not currently controlled by the

• majors. SSR Mining’s recent drilling success at nearby

Trenton Canyon highlights the potential to discover new mineralization within the Battle Mountain Mining District, and is bringing new attention to the area. Now that the definitive agreement is signed, we’re looking forward to working with Nevada Exploration to integrate their comprehensive exploration dataset with the latest research on the district, and we’re gearing up to get on the ground.”

KC Google Earth

(North) Grass Valley Project

Gravity survey (2013) Reprocessed historic seismic (2013) Soil geochemistry (2013) Infill groundwater sampling (2014) Assayed historic drill cuttings (2015) 13 km Project Area (36 km2) Cortez Hills Pipeline Goldrush / Fourmile

Cortez District (44 Moz Au)

Grass Valley Project Resu sults & s & Plans

Work to date has established evidence that the complex structural controls associated with Cortez are also present along western edge of Grass Valley. This favourable structural setting is coincident with both potentially favorable host rocks as well as enriched concentrations of gold and supporting trace-element geochemistry in groundwater, soils, and vegetation, as well as historic drilling. Based on the combined datasets, the Company believes the Project exhibits the features and the scale of a potentially gold-bearing hydrothermal system consistent with a large CTGD. Nevada Exploration expects next phase of work will consist of a series of stratigraphic orientation drill holes to test for a large Carlin-type hydrothermal mineral system.

Led by proven team of explorers (+50 Moz) with high insider ownership (25%) First mover using latest technology to explore for Nevada’s +200 Moz under-cover gold endowment Major land holder with pipeline of 3 district-scale Carlin-type gold projects (150 km2) Multiple opportunities for discovery Aggressive 12,500-metre drilling program at flagship South Grass Valley Project to begin in 2020

Why Invest