Drill Targets Based on Reinterpreting Mineralization Controls at the Past-producing, Carlin-style Quito Gold Property, Central Nevada

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Drill Targets Based on Reinterpreting Mineralization Controls at the Past-producing, Carlin-style Quito Gold Property, Central Nevada AEMA Conference December 2016 J.A. Kizis, Jr.

1 Drill Targets Based on Reinterpreting Mineralization Controls at the Past-producing, Carlin-style Quito Gold Property, Central Nevada AEMA Conference December 2016 J.A. Kizis, Jr., President, Bravada Gold Corporation With significant contributions from: Debbie Schneider Consulting Computer Geologist (Bravada) Paul Hohbach Senior Consulting Geologist (Coeur) John Pierson Senior Consulting Geologist (Bravada) Hans Rasmussen Senior VP Exploration (Coeur) John Cox Senior Consulting Geologist (Bravada) BVA:TSX.V BRTN: FSE

2 Forward-looking Statement Some of the statements contained in this presentation may be deemed forward-looking statements. These include estimates and statements that describe the Company s future plans, objectives or goals, and expectations of a stated condition or occurrence. Forward-looking statements may be identified by the use of words such as believes, anticipates, expects, estimates, may, could, would, will, or plan. Since forward looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, reclamation, capital costs, and the company s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as but not limited to; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for the minerals the Company expects to produce; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company s activities; and changing foreign exchange rates and other matters discussed in this presentation. Persons should not place undue reliance on the Company s forward-looking statements. Further information regarding these and other factors, which may cause results to differ materially from those projected in forwardlooking statements, are included in the filings by the Company with securities regulatory authorities. The Company does not assume any obligation to update or revise any forward looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws, whether as a result of new information, future events or otherwise. The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this presentation, that has been prepared by management. BVA:TSX.V BRTN: FSE

3 QUITO PROJECT Looking Southeast production reported 174,460 Oz Au from original published reserve of 1.7MM short 6.34g/t Au* BVA:TSX.V BRTN: FSE *Bravada has not independently confirmed either the past production or remaining resource, and these historic figures should not be relied upon

4 36-year Project History Discovered by FMC O.P. mining began with JV partner, Inspiration Mining ended after limited U.G. mining beneath the pit. Production: 174,460 Oz ~6g/t Au, processed in a 1000tpd mill utilizing sulfide floatation followed by cyanidation in a CIL circuit. Post-mining Exploration: 1993 FMC Gold 1998 White Knight 2006 Meridian Gold 2010 Bravada optioned from Yamana & created an electronic data base for the +900 historic drill holes & a 3D model of geology/mineralization, resulting in a focus on the permitted Russ Targets Coeur Mining, Inc. signed an LOI, with a definitive agreement in June Detailed mapping of structures in 2015 led to refinement of additional targets Two core holes tested two targets at Russ Additional mapping & 3D visualization of recently recovered blast-hole data led to the re-discovery of an untested high-grade projection Permitting in progress for 2017 drilling. BVA:TSX.V BRTN: BRT: FSE BVA:TSX.V FSE

5 Claim outline Cambrian Lower Plate Clastics General Geology Quito O.P. Mines BVA:TSX.V BRT: FSE

6 Cambrian Lower Plate Clastics General Geology Paleozoic Lower Plate Carbonates Quito O.P. Mines BVA:TSX.V BRT: FSE

7 Cambrian Lower Plate Clastics Ji Tv General Geology Paleozoic Lower Plate Carbonates Quito O.P. Mines Ki Valmy Upper Plate Clastics BVA:TSX.V BRT: FSE

8 R.M. Thrust Anticline Aspen Quito Extension Q-4 Exploration Targets Russ BVA:TSX.V BRT: FSE

9 Roberts Mountains Thrust R.M. Thrust Anticline BVA:TSX.V BRT: BRTN: FSE FSE Oblique view down to SE

10 R.M. Thrust Anticline Upper Plate Lower Plate Roberts Mountains Thrust BVA:TSX.V BRT: BRTN: FSE FSE View 13 degrees down to SE

11 Stratigraphic Column Au?? Au? Roberts Mountains Potential Host Rocks: Valmy Wenban/Horse Canyon (?) Roberts Mountains Lower Antelope Valley Ninemile Goodwin? Lower Antelope Valley

12 BVA:TSX.V BRT: BRTN: FSE FSE Altered Tertiary(?)-age Dike Near Pit

13 BVA:TSX.V BRT: BRTN: FSE FSE Jasperoid- Upper Antelope Valley Fm.

14 Russ unmined Historic Resource of ~17, g/t Au.* Highest grade intercept 1.5m of g/t Au. Surface to 1.04g/t Au rock, large As soil anomaly in Valmy Fm. Russ Target *Bravada has not independently confirmed either the past production or remaining resource, and these historic figures should not be relied upon Russ BVA:TSX.V BRT: FSE

Russ Cross Section Q16-01 +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.

15 Russ Cross Section Q g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au Lower Plate Upper Plate Historic Russ Au Mineralization 0.350g/t Au (60% core recovery) BVA:TSX.V BRT: BRTN: FSE FSE Looking NE

Next Slide Russ Target - QCC-16-001 748.

16 Next Slide Russ Target - QCC foot depth Matrix-supported calcareous mudstone w/ fossils up hole to left BVA:TSX.V BRTN: FSE

17 Note Center hole in crinoid stems(?) Russ Target - QCC gastropod

18 Historic Resource in Ninemile Fm below R.M. Thrust of ~3,360 oz Au at 3.8g/t* Q4 Target *Bravada has not independently confirmed either the past production or remaining resource, and these historic figures should not be relied upon Q-4 BVA:TSX.V BRT: FSE

19 Q4 Long Section Roberts Mountains Thrust Looking Southwest +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au Historic Q-4 Au Mineralization Untested target BVA:TSX.V BRT: BRTN: FSE FSE Looking W

20 Cluster of highgrade Au in holes below R.M. Thrust in Ninemile Fm. Part of Historic Resource, but not mined. Aspen Target Aspen BVA:TSX.V BRT: FSE

21 Aspen Cross Section Roberts Mountains Thrust Mineralized NE Fault 25 of 3.8g/t 25 of 17.7g/t 10 of 12.6g/t +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au 15 of 7.1g/t Untested target BVA:TSX.V BRT: BRTN: FSE FSE Looking N

22 The original H.G. deposit is open down plunge. Although previously recognized, 1993 R.C. drilling deviated dramatically & was never re-drilled. Additional H.G. targets being developed with mapping underway. Quito Extension Quito Extension Targets BVA:TSX.V BRT: FSE

23 380,200E 380,200E Quito Two Blast-hole Benches, Near Bottom of Main Pit 8200 Bench North 100 feet +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au 8100 Bench Section 1,687,250N

24 Quito Blast-hole Data, Main Pit Looking South, oblique view 8200 bench 8100 bench 8200 bench Backfilled +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au

25 Quito Mapped N20W, probable N20E faults Looking South, oblique view 8200 bench 8100 bench 8200 bench +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au JAK 9/17/16

26 Quito Blast-hole & DH Data Down Plunge +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au Looking down plunge -30, 150 degrees at 8200 & 8100 benches, plus drill intercepts

27 Quito Mapped N20W, Probable N20E Faults +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au Looking down plunge -30, 150 degrees at 8200 & 8100 benches, plus drill intercepts

28 Quito Probable Parallel Faults +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au Looking down plunge -30, 150 degrees at 8200 & 8100 benches, plus drill intercepts

29 High Au grades along these faults Quito Extension Targets Quito Pit ~Plunge from blast holes Satellite Pit Possible plunge, similar to blast holes North Undrilled BVA:TSX.V BRTN: FSE

30 High Au grades along these faults Quito Extension Targets Quito Pit 1993 holes Cross Section ~Plunge from blast holes Satellite Pit Possible plunge, similar to blast holes North Undrilled BVA:TSX.V BRTN: FSE

31 Quito Extension Cross Section +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au +0.3g/t Au Mineralized fault in red 5 of 5.0g/t 10 of 4.8g/t 10 of 9.9g/t These 1993 holes deflected & never hit this structure, see next figure, no downhole surveys in database Untested target BVA:TSX.V JAK 9/23/16 BRTN: FSE

32 Quito Deviation in 1993 Holes on Workmap North Steve Bruff & Boies Hall work map ~1993 These 1993 holes deflected & never hit the mineralized structure

33 QUITO PROJECT Silicified Breccia in Valmy Fm Above Plunging Mineralization West Wall Quito Pit BVA:TSX.V BRT: BRTN: FSE FSE Looking NW

QUITO PROJECT. December Northwest Mining Association Annual Conference. Austin, Nevada BVA:TSX.V BRT: FSE

QUITO PROJECT. December Northwest Mining Association Annual Conference. Austin, Nevada BVA:TSX.V BRT: FSE QUITO PROJECT Austin, Nevada December 2011 Northwest Mining Association Annual Conference Forward-looking Statement Some of the statements contained in this presentation may be deemed forward-looking statements.