CORPORATE PRESENTATION June 2020...made in this presentation or in any question and answer period related to this presentation. TSXV: NRG OTCQB:NRGOF FSX: X6C 2. Newrange Gold •Unique

Where Exploration Intersects Discovery

CORPORATE PRESENTATIONJune 2020

www.newrangegold.com

TSXV: NRG OTCQB: NRGOF FSX: X6C

Forward Looking Statement

Except for historical information contained herein, this presentationcontains forward looking statements including but not limited tocomments regarding predictions and projections. Forward-lookingstatements address future events and conditions and thereforeinvolve inherent risks and uncertainties. Although Newrange Goldbelieves that such expectations are reasonable, there can be noassurance that such expectations will prove to be correct, andtherefore actual results may differ materially from those currentlyanticipated in such statements. You are cautioned not to placeundue reliance on any such forward looking statements, whethermade in this presentation or in any question and answer periodrelated to this presentation.

TSXV: NRG OTCQB:NRGOF FSX: X6C 2

Newrange Gold

• Unique opportunity to explore & develop a past-producing, high-grade gold district in Nevada

• Privately held since 1896 – very little modern exploration

• Excellent infrastructure

• Exceptional metallurgy

• Large, untested target in the prolific Red Lake area of NW Ontario

• Well-financed for 2020 exploration - monetizing non-core assets to minimize dilution

• Led by a team of successful mine finders and company builders

3TSXV: NRG OTCQB:NRGOF FSX: X6C

What makes a major deposit & how do you find one?

• Ore deposits are formed from the culmination of a unique set of geological conditions in space and time• Intensity – high grades, alteration

• Scale – large area (geological setting is km scale)

• Long-lived – multiple mineralizing events, often overprinting one another

• Structural complexity; Favourable host rocks

• Recognizing potential – Understand the importance of the above features and learn how to recognize them• Management has worked in and/or researched world class deposits

on 4 continents

• CEO built a mid-tier producer from concept based upon long-lived, high-grade assets

• President has been involved in numerous discoveries


Nevada – ‘Elephant Country’

Nevada

• 5th largest gold producer & 3rd most desirable mining jurisdiction in the world

• 5.6 Moz of gold produced in 2018

• 169.1 Moz of gold produced from 1835-2018

Walker Lane

• NW-SE oriented structural trend hosting many historic and current gold and silver districts and mines• Round Mountain• Comstock Lode• Tonopah

• Over 53 Moz gold, 519 Moz silver produced


Pamlico Project – A New Discovery in an Old District

• New high-grade, volcanic hosted, near surface, oxide gold discovery in legendary district (1880’s-1920’s)

• Unique, almost unexplored opportunity - in private hands since 1896

• Newrange has option to earn 100%

• Excellent Infrastructure

• Exceptional Metallurgy

• District scale property (2,548 hectares)

• Multiple targets yet to be tested


District Scale Potential – Target Map

Multiple Targets exceeding 2 x 2km• Merritt Area (39 of 47 holes

to date)• Pamlico Ridge (several

historic mines)• 1.5 km strike length / 300+

old mine workings• Pediment Area

• 1.3 km x 0.7 km zone / 4.7 g/t Au from only outcrop

• Gold Box Canyon• 1.5 km strike / Up to 98 g/t

Au in outcrop• Central & Sunset Mines• East Zone North & South

• Up to 5.0 g/t Au in outcrop• Gold Skarn Zone


Exploration To Date by Newrange

• Property-wide magnetic, radiometric and gravity geophysical surveys

• Sampling of Merritt Decline• Surface mapping, sampling &

trenching• Underground surveying,

mapping and sampling• Phase I, II and III RC drilling

programs• 5,660.8m in 47 holes

• Preliminary metallurgy• Core hole test program• Transferred permits for

underground development and bulk sampling

• Induced Polarization (IP) geophysics


Merritt Decline Sampling

• Permits in place to take 1,000 ton bulk sample for geotechnical assessment & large scale metallurgical testing

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• 100m, continuous saw cut channel sample interval

• Composite avg.: 75.5m @ 2.92 g/t Au

• High-grade interval:13.8m @ 17.25 g/t Au

TSXV: NRG OTCQB:NRGOF FSX: X6C

Pamlico Drilling

Discovered multiple, new high-grade gold zones in Merritt Area

Near surface, oxide intercepts – Highlights:• DH P17-08: 9.1m of 28 g/t Au (incl. 1.5m of 85 g/t)• DH P17-10: 6.1m of 98 g/t Au (incl. 1.5m of 341 g/t)• DH P17-17: 4.6m of 44 g/t Au (incl. 0.8m of 244 g/t)

Discovered “halo” disseminated/stockwork bulk tonnage potential in Merritt Area & Pamlico Ridge

Near surface, oxide “stockwork” intercepts – Highlights:• DH P17-26: 28.2m @ 4.54 g/t Au (from 19.8m)• DH P17-33: 53.4m @ 2.36 g/t Au (from surface)• DH P17-26: 39.6m @ 1.48 g/t Au (from 85.4m)• Decline – Continuous saw cut channel sampling: 75.5m @ 2.92 g/t Au (from face)

Discovered previously unknown stockwork/disseminated gold mineralization at depth

Results indicate potential for lower-grade bulk tonnage deposit with high-grade ‘sweeteners’


Pamlico Drilling


• Latite appears to be preferred host but rhyolite can also be mineralized

Preliminary Metallurgy• Cyanide shake assays conducted on RC drilling samples indicated amenability for heap leaching

• Recoveries for samples assaying 0.13-4.0g/t averaged 93.8%

• More advanced 96-hour bottle roll tests

• Four composite samples with Predicted Head Grades of 0.07, 0.46, 1.27 and 97.94 g/t Au

• Gold recoveries were very high, ranging from 73.6% to 97.1%

• Rapid leach time and low cyanide consumption

• Dry screening of ‘raw’ material yielded 79.28% of the gold in 12.82% of the original sample weight

• Potential to reduce capital and operating costs


Underground Surveying

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• State-of-the-art LIDAR surveying of ~8,000 metres of underground workings is providing sub-cm accuracy for mapping & sampling

• Collects 300,000 datapoints per second• Result is a spatially accurate 3D model of the

underground workings• Assays from underground channel sampling can be

used in a resource estimate• Better targeting for surface drilling


Good Hope Mine Underground Sampling

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Main Portal and Dump for Good Hope Mine

13.89 g/t Au & 71.19 g/t Ag over 40m;12.48 g/t Au & 49.55 g/t Ag over 24m

Merritt Area

• Underground sampling re-discovered high-grade gold-silver mineralization in upper levels of Good Hope Mine

Pamlico Ridge

Gold Box Canyon

Pamlico Mine

Gold Bar Mine(VG in dumps)

Good Hope Mine


Induced Polarization (IP) Geophysics

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IP Survey - strategy• Aside from coarse gold in

veins, very fine gold appears to be related to fine grained pyrite

• Despite deep levels of oxidation, locally reaching 300m, there may be sufficient remnant pyrite for IP to detect

• 14.8 line km in 9 lines covering >10 km2

• Covered 6 target areas:• Pamlico Ridge• Pediment• Gold Box Canyon• Central Mine• Sunset Mine• Skarn Zone


IP Results

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• Multiple anomalies detected, potentially reflecting sulphide mineralization at depth• Good correlation with gold mineralization in Drill Area & Merritt Decline• Broad, strong anomaly could represent buried intrusive with sulphides, providing heat &

fluids for gold mineralizing system• Additional claims acquired to ensure we are ‘covered’ to the east and north• Multiple new targets for drilling


Red Lake

Red Lake Mining Division

• Prolific greenstone belt in NW Ontario

• Part of the Uchi Subprovince within the Archean Superior Province of the Canadian Shield

• 30 Moz of gold produced in the last 90 years

• Red Lake Gold Mine was recently one of the highest-grade gold mines in the world

• Red Lake Belt is currently the focus of a renewed exploration effort with several success stories such as Great Bear Resources and Pure Gold Mining


Birch-Uchi Greenstone Belt

• Next greenstone belt to the east of Red Lake

• Similar geology but three times the size

• Poorly explored due to limited access

• Springpole Gold Deposit (First Mining Gold – 4.7 Moz Au) just 15km to the east of North Birch

• Argosy Gold Mine -101,875 ounces of gold produced at 12.7g/t. Closed in 1952. 3km from property boundary

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North BirchProject

SpringpoleDeposit

Red Lake Belt

Birch-Uchi Belt


North Birch Gold Project

Iron Formation Target

• Folded Iron Formation (IF) is an attractive target for gold mineralization

• Similar geological setting to Musselwhite Mine (Newmont-Goldcorp; 7+ Moz in past production & Reserves), also in NW Ontario

• IF hosted Au deposits are well known throughout the world

• Largest is Homestake Mine, S. Dakota: 40+ Moz

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North BirchProject


North Birch Gold Project

• 3,850 ha in two contiguous blocks covering the entire Iron Formation package

• Option to earn 100% on both properties

• Several structures cutting the IF

• Only a few kilometres from Argosy Mine & KostynukMine, latter with Au in IF

• Up to 35 g/t Au over 1.6m in historic drilling on North Birch Property but not in IF

• 5.64 g/t Au in grab sample of pyritic IF at H Lake

• Despite several gold showings on the property, the IF has never been drilled


Upcoming Catalysts & News Flow

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Pamlico

• Continued underground surveying, mapping & sampling

• 3D modeling of mineralized zones

• Surface mapping & sampling of various zones

• RC & Diamond Drilling at various target zones

North Birch

• Reprocess airborne magnetic & electromagnetic data

• Linecutting and IP

• Surface mapping & sampling

• Diamond drilling


Share Structure

No. Shares

Shares Issued 115,106,643

Warrants 14,354,000

Options 5,849,403

Shares Fully Diluted 135,310,046

As of June 15, 2020

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• Recent share price CA$0.15• Market Capitalization ~CA$17 million• Ave. daily trading volume (Canada & US): 360,000• Insiders own 9%• Institutional ownership ~10%• Closely held >30%

Analyst coverage: Noble Capital Markets


Newrange Gold – The Value Proposition

“The Best Place to Find a New Mine is in the Shadow of a Headframe”

• Past Producing High-Grade Gold District in Nevada

• Excellent Infrastructure

• Exceptional Metallurgy

• Open Pit and/or Underground Potential

• Untested & highly prospective Au environment in prolific Red Lake District

• Top-Tier Management

• Well funded for exploration in 2020


Contact Us

Phone: +1 (604) 669-0868

Email: [email protected]

www.newrangegold.com


mailto:[email protected]

http://www.newrangegold.com/

Documents

CORPORATE PRESENTATION June 2020...made in this presentation or in any question and answer period related to this presentation. TSXV: NRG OTCQB:NRGOF FSX: X6C 2. Newrange Gold •Unique