Rediscovering Nova Scotia's Past Producing Gold Mines JANUARY 2017 TSX.V: GN TSX.V: GN WWW.OSPREYGOLD.COM
Forward-Looking Statements This presentation may include certain forward-looking information within the meaning of applicable Canadian securities laws concerning the future performance of our business, its operations and its Binancial performance and condition, as well as management s objectives, strategies, beliefs and intentions. Forward-looking information is frequently identibied by such words as may, plan, expect, anticipate, estimate, intend and similar words referring to future events and results. Forward-looking information is based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, Bluctuating commodity prices, changes in exchange rates, competitive risks, changes in project parameters as plans continue to be rebined and the availability of Binancing, all as described in detail in any recent securities Bilings available at www.sedar.com. This presentation is based on publically disclosed information and does not form a part of any offer of securities, or constitute a solicitation of any offer to purchase or subscribe for securities. There can be no assurance that forward-looking information will prove to be accurate and actual events or results may differ materially from those projected in the forward-looking information and we caution against placing undue reliance thereon. Technical aspects of this presentation have been reviewed and approved by the QualiBied Person, Brandon Macdonald P.Geo., hereby designated as a QP under National Instrument 43-101. All resource estimates quoted herein are based on prior data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify results. The Company is not treating the historic mineral resource estimates as NI 43-101 debined resources veribied by a qualibied person. The historical estimates should not be relied upon. 2
Overview NOVA SCOTIA S MOST PROLIFIC GOLD CAMP Goldenville is the largest historic gold producer in Nova Scotia, with 212,300 ounces of gold production prior to 1942 Share Structure- TSX.V: GN Shares Issued & Outstanding 13,292,333 Historic NI 43-101 (2005) resource of 244,730 ounces inferred at 14.26 g/t Au, and 37,012 ounces indicated at 10.76 g/t Au (2 g/t cutoff) Structure remains open along strike and at depth Under-explored target areas permissive for expansion drilling Drilling to commence in summer 2017 3 other earlier stage projects in the region with historic production *March 1, 2005, Mercator Geological Services Limited, Technical Report on Mineral Resource Estimate Acadian Gold Corporation Goldenville Property Guysborough County, Nova Scotia, Canada 3
Management & Advisors Directors and Management Cooper Quinn, President & Director - Mr. Quinn has worked in mining and exploration since he graduated from Simon Fraser University with a degree in Earth Science. He has worked for a variety of exploration and development companies with projects in North America, Greenland, Europe, and the South PaciVic Islands. Mr. Quinn was a Senior Geologist with Underworld Resources and most recently, Lion One Metals. His experience ranges from project management to acquisitions and DD for private equity. Jeffrey R. Wilson, CEO & Director - Mr. Wilson has 20 years of experience in the mineral exploration and mining investment industry. He has raised $50m through his wealth of contacts in the investment community including institutional investors, retail brokers, investment bankers, mining analysts and private investors. During his career, Mr. Wilson has been involved with multiple junior resource companies that have seen pro_itable take overs by mid-tier mining companies. Mr. Wilson is currently President & CEO of Precipitate Gold Corp. Adrian Fleming, Chairman & Director - Mr. Fleming has over 35 years experience in the mining industry, most signivicantly President of Underworld Resources and their White Gold Project, which was acquired by Kinross Gold for $139M. He has been a part of numerous signivicant discoveries, including Porgera and Hope Bay Greg Beischer, P.Geo, Director - Mr. Beisher currently serves as President and CEO of Millrock Resources, a successful project generator and has been involved in mining and exploration for 30 years. Advisors Perry MacKinnon, P.Geo, Advisor - Mr. MacKinnon is an experienced geologist and prospector in Nova Scotia and New Brunswick. He has over 30 years experience in the mining industry, having worked continent wide on a variety of projects and large number of mineralized environments. 4
Why Nova Scotia? Extensive history of gold mining and production District-scale potential in an underexplored area Excellent access and infrastructure Supportive government and local community Very low geo-political risk, ranking 17 th out of 109 Mining Jurisdictions for Policy Perception (Fraser Institute Annual Survey, Mining Companies 2015) Gold Ounces Produced in Nova Scotia between 1862-2012 https:// www.fraserinstitute.org/ sites/default/viles/survey-ofmining-companies-2015.pdf Chart Source: Virtual Museum 5
Project Map and District Gold Producers 6
Goldenville, Nova Scotia Most advanced project in portfolio Gold Rush discovered in 1862 Highest reported gold production of any NS camp Recorded historic production of 212,300oz from 551,797 tonnes between 1862 and 1942 (11.97g/t Au) Explored intermittently from 1962 through 2014 Same rock formation as Atlantic Gold s MRC project Ed Williams Lese (Lease), Goldenville Gold District ca. 1905. N.S. Archives and Records Management no. 3, NegaCve N-1708. George Hirchfield Gold Mine, Stuart Hardman Property, Goldenville Gold District - 1897. Photograph by E. R. Faribault. Geological Survey of Canada Photo #5273. 7
Goldenville Historic Resource Estimate (2005) INDICATED MINERAL RESOURCES Gold Grade Threshold (g/t) INFERRED MINERAL RESOURCES Gold Grade Threshold (g/t) Tonnes Uncut Tonnes Uncut Gold Grade Uncut (g/t) Gold Grade Uncut (g/t) Gold Grade 50 g/t Cut (g/t) Gold Grade 50 g/t Cut (g/t) Total Ounces Uncut 3.5 62,554 16.62 14.72 33,429 2.0 106,976 10.76 9.65 37,012 1.0 181,047 6.96 6.31 40,517 Total Ounces Uncut 3.5 384,596 18.78 12.38 232,242 2.0 533,739 14.26 9.64 244,730 1.0 855,025 9.43 6.54 259,257 ATLANTIC GOLD RESOURCE- Moose River Consolidated ClassiMication Mt Diluted Grade (g/t Au) Mined Au oz's (000) Proven Reserves 6.65 1.45 310 Currently updating resource to examine potential for open pit, and to guide 2017 exploration and drilling Resource from March 2005, Technical Report on Mineral Resource EsCmate. Acadian Gold CorporaCon, Goldenville Property, Guysborough County, Nova ScoCa, Canada. NI 43-101 Probable Reserves 9.8 1.43 450 Total Proven and Probable Reserves 16.45 1.44 760 8
Goldenville Geology and Mineralization Structurally controlled slate belt hosted gold Vein hosted mineralization controlled by bedding, anticline plunge, and cross cutting structures Anticline trends roughly east-west, dips gently west Up to 46 stacked vein packages identi_ied on both limbs of the anticline Disseminated mineralization within host slates/argillite Classic Meguma terrain-style deposit, similar to the Bendigo camp in Australia Potential for veining to continue at depth, similar to Australian deposits 9
Resource Strike Potential Two 1997 drill holes 3km to west show gold mineralization in veins and slate host rocks including Mit-1 which returned: 1.33 g/t Au over 20.2m (from 54.2m to 74.4m) Discovered 1861 Total produc;on 0.2Moz Produc;on to 300m 0.2Moz Known depth 325m Discovered 1851 1km Total produc;on Produc;on to 300m Known depth 1.0Moz 0.2Moz 1200m Goldenville Goldenville Mitchell Lake Source: Nova Scotia Department of Natural Resources 10
Acquisition Terms Option to earn 100% interest in four projects Total of 90 claims, or 1,813 hectares $1M over three years $150k upon signing de_initive agreement $250k at year one and two $350k at year three 2% GMR on Goldenville 1% buyback for $750k Additional 0.5% buyback for $375k 11
Next Steps, Contact Information Timeframe Q1 2017 Q1 2017 Q1 2017 Summer 2017 Q4 2017 Objectives Update Goldenville s Historic resource using new block model and bulk/surface mining methods Log, split, and assay core from 2014 drill program Detailed evaluation, target generation, and ranking on Lower Seal Harbour, Miller Lake and Gold Lake Osprey drill program at Goldenville Update resource incorporating 2017 work Cooper Quinn President E: cooper@ospreygold.com Of_ice: (236)521-0944 For More Information TSX.V: GN E: info@ospreygold.com 12