NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
~ Discovering gold in theCortez gold-trend of Nevada ~
September 2019
Corporate Presentation
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Why NuLegacy?
• OceanaGold• Barrick Gold• Tocqueville
• 3 former Barrick executives on BOD
• Successful mine finders/financiers
• Several Carlin-style gold deposits
• Epithermal gold prospects
108 sq. km in Cortez trend
• On strike with Barrick’s three best gold deposits1
World Class Shareholders
District Scale Discoveries
Successful Governance & Geo Team
Nevada is the 4th largest gold producing “nation” in the world
Investing in the largest most prospective ‘independently’ owned land package in the famed Cortez gold-trend of Nevada.
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NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Capital structure, Ownership distribution
Analyst coverage Scarsdale Equities LLC scarsdale-equ.com Mike Niehuser [email protected] Capital vsacapital.com Oliver O’Donnell [email protected] Genuity canaccordgenuity.com Tom Gallo [email protected]
Capital structure
Shares Outstanding 307.2 million 52 Week Range C$ 0.03 - 0.22/shareMarket Capitalization ~ C$ 23.0 millionCurrent cash ~ C$ 1.1 millionProceeds Ex Options & Wts ~ C$ 10.9 millionWarrants / Options 12.8 / 34.2 millionFully Diluted 354.1 million
Ownership distribution
Miners Shares (millions) %OceanaGold 49.8 16.2Barrick Gold 32.0 10.4
InstitutionsTocqueville 28.6 9.3Davenport LLC 14.5 4.7Ingalls & Snyder 6.0 2.0Waterton Global 5.0 2.0
Public ~ 123.0 ~ 40.1Principals 53.0 17.3
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NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Corporate team
... track records of successfully securing and advancing high-quality assets to production …
CORPORATE MANAGEMENT:
*Alex Davidson Chairman, Director Former EVP Barrick Gold, Director, Yamana Gold Inc.
Albert Matter Chief Executive Officer, Director Co-founder Alamos Gold Inc, NuLegacy Gold Corporation
*Edward Cope Director, Exploration & EvaluationsFormer VP Exploration, North America, Barrick Gold
Danny Lee VP Administration & Chief Financial OfficerAdministrated Eagle Hill & Oban merger to form Osisko Mining
DIRECTORS:
*Alan Hill Chairman Teranga Gold Corporation – former EVP Barrick GoldJames Anderson Chairman & CEO of Vangold MiningJohn Budreski Exec. Chairman of Morien Resources Corp. & EnWave Corp. *Roger Steininger*, PhD Discoverer Barrick’s 21+ million ounces Pipeline mine, NuLegacy’s Iceberg
& Avocado gold depositsADVISORY COUNCIL:
Glen Darou Retired CFO, Shell CanadaStuart “Tookie” Angus Chair & Director, K92 Mining Inc.
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NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
*Five of NuLegacy’s geo-team have been instrumental in the discovery and construction of four of Barrick’s best gold deposits.
Exploration team
EXPLORATION TEAM:
*Edward Cope, MSc Ec Geo. Director, Exploration & Evaluations Led team that added ~ 50 million ounces to Barrick’s Nevada gold endowment
*Charles Weakly, BSc District GeologistContributed to multi-million-ounce expansions of Barrick’s Goldstrike and Goldrush discoveries
Bryan Kellie, BSc Project GeologistDenise Dowell, BSc Geotechnical/Database Administrator
Garrett Frey, BSc Senior Geologist
Robert Springs, BSc Geologist
William Mounts, DICAT Drilling Supervisor
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NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Nevada’s rich gold-trends
Gold Quarry
Emigrant
GoldrushCortez Hills
Pipeline
Cortez segment
Mule Canyon
Fire Creek
Carlin
Midas
NuLegacy’s Red Hill property
• Gold deposits >20 million ounces.• Produces 5.5 million ounces/yr.• 80% of US and 10% of world production.
Pinion
VIO
Buckhorn
6
Betze/Post
Major DepositsEocene Carlin-PorphyryMiocene Epithermal
Lone Tree
Turquois Ridge
Mt. Hope
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Cortez trend Carlin-style gold systems
Legend
• Gold Deposits
• Exploration Targets
Clusters of deposits with multiple horizons.
Barrick’s Cortez “complex”:• Produces ~ one million ounces/year• 20% of Barrick Gold’s production• 50+ million-ounce gold endowment.
NuLegacy’s 108 km21
RED HILL PROPERTY1
Multiple horizons
7
1999 - Barrick’s Cortez Hills ~15+ M oz @ 4.1 g/t
1989 - Barrick’s Pipeline/Cortez operation ~21+ M oz @ 2.5 g/t
2010 - Barrick’s Goldrush ~10+ M oz @ 10 g/t2
North
Serena
Avocado
Rift
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
The value proposition
North
SerenaRift
Barrick’s Cortez operations2(a).
2017 Production (oz) ………... 1,330,000All-in sustaining cost/oz …........…. $624Average $/oz …………………..…. $1,2572017 NCF…...........…US $841,890,000
Barrick’s Goldrush2(b)
Est. 2021 Production (oz) …… 450,000All-in sustaining cost/oz ….….…. $620Average $/oz (estimated) .…….. $1,300
Est. 2021 NCF...............US $306,000,000
NuLegacy Gold CorporationRed Hill property
.
Current Market Cap:~C$20,000,000
8
Avocado
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Classic Carlin-type gold deposit model
Classic Cortez high grade gold deposit at 3 to 10+ g/t gold
Making a Carlin Tier 1 asset: 80%-20% rule
20 million tons ofhigher grade ‘core’ at 10 to 30+ g/t gold
Low-angle thrust faults
High-angle faults
Gold mineralization
9
80 milliontons of 0.5+ g/t oxide gold deposit
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
The Transformation of Goldrush
As of:• 2008 ~ 2.2 million oz• 2009 ~ minimal drilling • 2010 - 2013 ~ 7.1 million oz• 2013 ~ 14.1 million oz• 2014 ~ 20+ million oz• 2016 ~ 10 million oz @ 10 g/t1
• 2020 ~ production @ ~ 500,000 oz/yr
From a ‘typical’ Carlin to a ‘Tier 1’ asset in two years of drilling.
1 Goldrush strategically recategorized as underground resource.
10
145 ft @ 0.50 oz/t
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
The Transformation of Red Hill
• 2017-2018: Under the guidance of Charles Weakly, NuLegacy executed major geochemical, geophysical and ‘wildcat’ drilling programs.
• Resulting in the ‘breakthrough’ analysis confirming the structural and stratigraphic connectors between the Barrick’s Goldrush/Fourmile Carlin gold systems and NuLegacy’s Red Hill Carlin gold systems which are:
• On trend.• Strongly mineralized systems with the same stratigraphy. • The high-grade gold is at the structural confluence of:
1. the high-angle faults and, 2. low-angle thrust faults, 3. within the Wenban5 stratigraphic horizon.
• 2019-2020 objectives: Capitalize on the geologic ‘breakthrough’ by:• Testing the connectors.• Priority targets are the Fourmile ‘Look-alike’ and the Rift Anticline.
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NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Fall 2017: North zone cross-section
Tv
Dhc
Dw
Au g/t
SR17-09SR17-01
SR17-08C
SR17-04
RHB-96C
RHB-69
RHB-39
RHB-35
RHB-64
RHB-56
RHB-65RH94-02
RHB-62
RHB-17
RHB-49
SR17-08C:32.6m at 2.05 g/t, incl. 3.2m at 14.74 g/t
RHB-64: 51.8m at 1.27 g/t, incl. 10.6m at 4.51 g/t
RHB-17: 41.2m at 1.02 g/t, incl. 10.7m at 3.46 g/t
SR17-01: 50.3m at 1.00 g/t, incl.13.8m at 2.27 g/t
SR17-02
≥ 1.0
0.8
0.6
0.4
0.20.1
12
A’A
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Tv
Dw5
Dw4
Fall 2018: Reinterpreted North zone x-section
SR17-09SR17-01
SR17-08C
SR17-04
RHB-54
RHB-96C RHB-69
IN17-14CRHB-39
RHB-35
RHB-64
RHB-56
RHB-65 RH94-02
Tb
Dw8
Dw6-7
Dw5
RHB-62RHB-17
Long Fault
SR17-01: 50.3m at 1.00 g/t, incl.13.8m at 2.27 g/t
SR17-08C:32.6m at 2.05 g/t, incl. 3.2m at 14.74 g/t
RHB-64: 51.8m at 1.27 g/t, incl. 10.6m at 4.51 g/t
RHB-17: 41.2m at 1.02 g/t, incl. 10.7m at 3.46 g/t
RHB-49
SR17-02≥ 1.0
0.8
0.6
0.4
0.20.1
Alluvium
Basalt
Volcaniclastics
Intrusive
Devonian Horse Canyon Fm.
Devonian Wenban Unit 8
Devonian Wenban Unit 6-7
Devonian Wenban Unit 5
Devonian Wenban Unit 4
Legend Au g/t
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A’A
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Resulting target zones & drill sites
WS18-01 (Rift discovery hole stopped in Wenban4)
Cross-section A A’
N
Fourmile‘look-alike’
Rift Anticline
Serena Offset
WesternSlope
CentralIceberg
NorthIcebergVIO
ExplanationDrill sites
WS18-01
NuLegacy drill holes
New target zones
SR18-02C:22.1m of 6.59 g/t, incl.
8.7m of 16.92 g/t gold
RHB15-40:41.2m of 3.9 g/t, incl. 12.2m of 11.0 g/t gold
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3
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
200 m
W ETb
Tv
Dhc DwU
Dw5
DwL
WS18-01
VIO Rift Anticline
WesternSlope
4.5 km of Northern Nevada Rift looking north A’A
The three new Carlin targets
High-angle faults Low-angle faults
Iceberg
Fourmile‘look-alike’
• Three new highly prospective targets in 4.5 km wide by 6 km long (N-S) Rift zone • Hole WS18-01 confirmed major part of Red Hill’s Carlin-style gold systems under
post-mineralization basalt flows• Numerous ‘high-grade’ spikes (i.e. Serena18-02c with 22.1 m of 6.59 g/t,
incl. 8.7m of 16.92 g/t gold) indicate high-grade core/feeder zones to the west3• Iceberg – the up-dip mineralized ‘exhaust’ plume from Rift target zone/loosely
constrained mineralized zone
The ‘right’ stratigraphy – Dw5 (Wenban5)
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“Exhaust” plumeSerena
Offset
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Carlin-style: 2019-2020• Fourmile ‘look-alike’ 3 holes• Rift Anticline 0 holes permitting under way• Serena ‘offset’ 2 holes
Carlin-style:• Western Slope 2 holes • Avocado 4 holes
Epithermal targets:• VIO 6 holes
New targets
Fall 2019-Spring 2020 drill-ready targets
Total: 17 holes
Improved targeting
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NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Fourmile ‘Look-alike’
N
Fourmile‘look-alike’
70
75
75
80
75
75E E’
WS18-01(Rift Hole)
ExplanationDrill sitesDrill collarsNew target zones
17
Fourmile‘Look-alike’
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Interpreted Fourmilestructural target corridor
Au target
300 m
Comparison to Barrick’s Fourmile
300 m
Grades:• 22.9 m of 16.5 g/t• 39.3 m of 25.9 g/t• 20.4 m of 54.9 g/t• 25.9 m of 34.6 g/t • 2.6 m of 125.5 g/t = ~4 oz/t
NUG’s “Look-alike”
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Barrick’s Four-Mile” 1
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Looking north
NUG’s Fourmile ‘Look-alike’ x-section
Tb
Tv
Dhc
Dw8-6
Dw5
Dw4 100 m
ExplanationTarget zone
Drill sites
Dw5
Dw5 Dw5
High-angle faultsLow-angle thrust faults
The ‘favourable’ Dw5 stratigraphy
19
planned holes E’E
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Serena Offset
WS18-01 (Rift Hole)
N
75
75
75
75
60
70
60
Mirka
ExplanationDrill sitesDrill collarsGold intercept
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SR18-02c: 22.1m of 6.59 g/t, incl.
8.7m of 16.92 g/t gold
SR17-08c: 32.7m of 2.07 g/t, incl.10.3m of 5.96 g/t gold
Serena Offset
SerenaOffset
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Serena ‘Offset’ elevation plan map
(at 230 meter depth)Anticipated right lateral offset of mineralized zone across Long Fault
Serena ‘wedge’
mineralization
AnticipatedSerena ‘offset’mineralization
SR18-02c: 22.1m of 6.59 g/t, incl.
8.7m of 16.92 g/t gold
SR17-08c: 32.7m of 2.07 g/t, incl.10.3m of 5.96 g/t gold
RHB15-40: 41.2m of 3.9 g/t, incl. 12.2m of 11.0 g/t gold
3
21
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
SW NE
SR18-02CSR18-03C
SR18-01C
Looking northwest
Serena ‘Offset’ target cross section B-B’
Antietam
Tb
Tv
Dhc
Dw5
Dw4
Dw6-8
100 m
315 m offset Serena zone
Depth elevation trace
ExplanationTarget zone
Drill sites
22
Serena Offset zone planned holes B’B
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Rift Anticline – large 4 km long structure
N
RiftAnticline
70
75
75
80
75
75
D
D’
WS18-01(Rift Hole)
ExplanationDrill sitesDrill collarsNew target zones
23
RiftAnticline
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
D’D
Rift Anticline long section
SE NW
Tb
Tv
Dhc
Dw8-6
Dw5
Dw4
300 m
ExplanationTarget zone
Drill sites
Looking perpendicular (west-southwest) to the axial plane of interpreted anticline
24
planned holes
planned holes
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Why NuLegacy Gold?
• 2018-19 ‘Breakthrough’ analysis confirms the structural and stratigraphic connectors between Barrick’s Goldrush/Fourmile gold systems and NuLegacy’s Red Hill Carlin gold system:
• On trend.• Strongly mineralized systems with the same stratigraphy. • With the high-grade gold at the structural confluence of
high-angle faults and low-angle thrust faults within the Wenban5 horizon.
• 2019-2020 objectives - capitalize by:• Testing the connectors.• Priority targets are the Fourmile ‘Look-alike’ and the Rift
Anticline
25
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
~ Discovering gold in theCortez gold-trend of Nevada ~
Corporate Presentation
September 2019
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Endnotes1. The presence of gold resources on properties in close proximity/adjacent to or geologically similar to the Red Hill property is not necessarily indicative of the
gold mineralization on the Red Hill property. To date, there are no known NI 43-101 mineral resources or reserves on the Red Hill property.2. As reported by Barrick Gold Corporation, the revised and updated Goldrush resource with an underground production scenario is significantly higher grade than
the preVIOusly reported open pit resource. It contains 8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and 1,650,000 inferredounces within 5.6 million tonnes grading ~9.0 g/t. 2(a). As per Barrick Gold’s 2017 MD&A 2(b). As per Barrick Gold’s February 15, 2017 Press Release.
3. The reported gold intervals may or may not represent true thicknesses and/or widths as there is insufficient data at this time with respect to the shape ofmineralization to calculate its true orientation. All drilling was conducted by NuLegacy’s drilling contractors under the supervision of the Company’s projectgeologist and the chain of custody from project to sample preparation facility was continuously monitored. The samples were analyzed by American Assay Labsof Sparks, NV and sufficient commercially prepared standards, blanks, and duplicates were inserted to assure quality analytical results. Data verification of theanalytical results included a statistical analysis of the duplicates, standards and blanks to ensure accurate and verifiable results.
Forward Looking StatementsThis presentation contains forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address NuLegacy’s expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan","estimate", "expect“, “ensure” and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similarexpressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results,performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risksassociated with mining and mineral exploration; actual results of current and future exploration activities, fluctuations in gold and other commodity prices; titlematters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common shareprice and volume; and tax consequences to U.S. Shareholders, as well as those factors discussed in NuLegacy's continuous disclosure documents filed on SEDARat www.sedar.com.. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and theCompany undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, save asrequired by applicable law. Investors are cautioned against attributing undue certainty or reliance upon forward-looking statements.
Furthermore, this presentation provides information in summary form only and is not intended to be complete. NuLegacy has made reasonable efforts to ensure the accuracy of such information; however, there may be inadvertent or unintentional errors. No representation, warranty or guarantee, express or implied, is made as to the fairness, accuracy or completeness of information contained herein, including the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, results or statements in relation to future matters contained in this presentation. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any security and is not intended to be relied upon as advice to investors or potential investors.
Dr. Roger C. Steininger, Ph.D., CPG 7417, NuLegacy Gold Corporation Director and Qualified Person under NI 43-101, has reviewed and approved the scientificand technical disclosure contained herein.
September 4, 2019
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Carlin-style:• Western Slope 2 holes• Avocado 4 holes
Targets, cont.Appendix
Epithermal:• VIO 6 holes
28
“…the Red Hill property has exactly the same stratigraphiccolumn, controls of mineralization, geo-chemistry and highand low-angle structures that are the important conduits forthe high-grade gold-bearing fluids at Goldrush…just acrossthe valley where I worked the last four years before joiningNuLegacy1…”’Charles Weakly, BSc, District Geologist, NuLegacy Gold Corporation, starting Jan 1, 2018; previously Chief Geologist, Goldrush Exploration, wholly owned subsidiary, Barrick Gold Corporation
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
WesternSlope
C C’
SR18-02c
SR17-08c
75
75
75
75
60
70
60
ExplanationDrill sitesDrill collarsNew target zones
Western Slope
29
WS18-01 (Rift Hole)
WesternSlope
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Looking north
Western Slope target Cross section
WS18-01W E
Tb
Tv
Dhc Dw8-6
Dw5
Dw4
100 m
Depth elevation trace
ExplanationTarget zone
Drill sites
30
planned holesC’C
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N Western Slope sub-elevation plan map
Zone at 1750 meters elevation (200 meter depth)
Western slope potential mineralization
WS18-01
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NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Avocado
AW17-05c
80
80
80
F
F’Avocado
ExplanationDrill sitesDrill collarsNew target zones
32
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
Looking north-northwest
AW17
-05C
Dw5
300 m
Dw8-6Dhc
Tv
Tb
QTa
Ddg
Dw4
2725 ft
2500 ft
2350 ft2100 ft
SW NE
Avocado target Cross section
ExplanationGold zoneTarget zone
Drill sites
33
F F
F’F planned holes planned holes
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
VIO epithermal target
N
70
75
75
80
75
75
G G’
VIO
ExplanationDrill sitesDrill collarsNew target zones
34
VIO
WS18-01(Rift Hole)
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
VIO epithermal target cross section
W ETb
Tv
Dhc
Dw8-6
Dw5Dw4
100 m
ExplanationDrill sites
35
planned holes
Looking north
G’Gplanned holes
NUG:V │ NULGF:QX Discovering gold in Nevada
NuLegacy GoldC O R P O R A T I O N
~ Discovering gold in theCortez gold-trend of Nevada ~
Corporate Presentation