~ the rift anticline as a goldrush analogue~ · • 2016 ~ 10 million oz @ 10 g/t. i • 2021 ~...

NUG:V │ NULGF:QB Discovering gold in Nevada

NuLegacy GoldC O R P O R A T I O N

~ The Rift Anticline as a Goldrush Analogue~

February 2020

The Rift Anticline target



2

The ‘anticlinal’ giants of the Cortez trend

Legend

• Gold Deposits

• Exploration Targets

Carlin-style gold systems: clusters of deposits with multiple horizons

Barrick’s Cortez “complex”:• Produces ~ one million oz/yr.• 20% of Barrick’s production• 50+ million-oz gold endowment

Multiple horizons

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

Avocado

NuLegacy’s 108 sq km1

RED HILL PROPERTY1

Serena



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The value proposition

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

Serena

Avocado



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Multi-million-ounce Goldrush

As of:• 2008 ~ 2.2 million oz• 2009 ~ minimal drilling • 2011 ~ 7.1 million oz• 2013 ~ 14.1 million oz• 2014 ~ 20+ million oz• 2016 ~ 10 million oz @ 10 g/ti• 2021 ~ prod @ ~ 450,000 oz/yr.

From discovery to a ‘Tier 1’ asset in four years.

i Goldrush strategically recategorized as underground resource2.

The Goldrush is a discontinuous anticlinal ‘ribbon like structure’ of highly fractured favourable Wenban5 horizon averaging 10 grams/ton gold with the axial crest (dome) of the anticline varying from 150 – 450 meters in width and 50 to 75 meters in thickness over the 5 kilometer

strike length….

(Barrick Gold, 2018)

Goldrush anticline 145 ft @ 0.50 oz Au/t =44.2 m @ 16 g Au/t



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Orientation plan map

N

West Rift

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WS18-01

Red Hill property boundary

WS18-01Existing CSAMTProposed CSAMTPreliminary Target

1 kilometer

WesternSlope

SerenaOffsetCross-section A A’

CentralIceberg

NorthIceberg

Rift Anticline

4 MileLook-alike



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High-grade intercepts on east flank of Rift3

L4433800

N

L4433000

WS18-01

Rift Anticline

Serena 18-02:16.9 g/t gold in 8.7m

within 22.1m of 6.6 g/t

North Iceberg RHB15-40:11.0 g/t gold in 12.2m


Series of high-grade gold intercepts in albeit thin Wenban5 spanning ~

1,500 meters on the east flank of the Rift Anticline.

Western Slope 19-02:9.6 g/t gold in 5.1m



2019 DrillingWS18-01Existing CSAMTProposed CSAMTPreliminary Target

1 kilometer

High-grade Intercept

L4429800



200 m

W ETb

Tv

Dhc

DwU Dw5

DwL

WS18-01

Vio WesternSlope

Carlin targets: A-A’ as of 2019

High-angle faults Low-angle faults

Iceberg

…with the high-grade occurring at:• the intersection of northeast trending high-angle faults and west

dipping low-angle thrust faults (the fracturing),• when these intersections occur within the favourable Dw5 stratigraphic

horizon,• Dw5’s elevated iron content enhances the precipitation of gold as

several pulses of gold-bearing hydrothermal fluids pass through it,• and the rift anticline crest acts as a constraint.

The most favourable stratigraphy is Dw5 (Wenban5)

Fourmile‘look-alike’

Rift Anticline

SerenaOffset

4.5 km of Northern Nevada Rift looking northA A’

7



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New CSAMT indicates 4.5+ km length 2019

L4433800

N

West Rift

Avocado

L4433000

Rift Anticline

WS18-01


2019 DrillingWS18-01Existing CSAMTProposed CSAMTPreliminary Target

1 kilometer

High-grade Intercept

Multiple CSAMT survey lines indicate 4.5+ km length for the Rift Anticline - open on both

ends; more CSAMT to be surveyed in the spring 2020.

L4433000

L4429800

Rift Anticline

Approx. 1,500 meters



500 m

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2020 interpretation indicates Rift thickness

Line 4433000Rift Anticline

The Rift Anticline has numerous high-angle faults (blue arrows) and a swarm of low-angle thrust faults (yellow arrows) intersecting them

within the Wenban5 axial crest (yellow outline).

Western SlopeWS18-01

500 m

Approx. 1,500 meters

New CSAMT indicates ~ 90-meter thickness and as much as 1,500-meter width of

favorable Wenban5 in Rift Anticline in shape of axial crest (dome).

Dw5Dw5



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Geology of Rift targets 2020

High-grade occurs at the intersection of northeast trending high-angle faults and

low-angle thrust faults when these intersections occur within the favourable

Wenban5 (Dw5) stratigraphic horizon.

500 m

500 m

Tb Tb

TvTv

Dw8-6

Dw5

Dw5

Dw5

Dw4 Dw4

Line4433000 Rift Anticline Western SlopeWS18-01

DSrm

Shows the conceptualized folding and faulting and the drill targets outlined by the red dashed lines to be tested in the upcoming drill program.

High-angle faults

Low-angle thrust faults

Dw5Dw5

RiftAnticline



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2020 programs

January to March 2020:

• 2019 assay, core log, COLOG acoustic tele-viewer, and CSAMT data incorporated into geologic model to refine targeting.

• Complete additional CSAMT program (to cover entire strike length of projected anticline).• Continue surface, raptor, cultural, etc., surveys for expansion of Plan of Operations to 8,500-acres

with initial 100 acres authorized disturbance allowing complete drill testing of Rift Anticline.

April 2020:

• Incorporate new CSAMT data into geologic model; follow-up mapping and sampling as required to confirm modelled geology.

• Finalize decision for summer 2020 follow up drilling on the flanks of Rift Anticline.

May to August 2020:.

• Complete $400K surface survey and permitting program for new Plan of Operations • Finalize Rift Anticline drill-test program plans.

September 2019 to 2020:

• Anticipated receipt of authorization for expanded Plan of Operations by end Q3:• Deliver Rift Anticline drill plan to Bureau of Land Management for approval.

October 2020:

• Commence comprehensive Rift Anticline drilling program (12 – 15 holes).



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Exploration team

*Six of NuLegacy’s principals & geo-team have been instrumental in the discovery and/or construction of four of

Barrick’s best gold deposits.

*Edward Cope, MSc Ec Geo. Director, Exploration & Evaluations Led team that added ~ 50 million ounces to Barrick’s Nevada gold endowment

*Mark Bradley, BSc, MSc, MBA Nevada Exploration ManagerCortez Project team leader during initial discovery of multi-million-ounce Goldrush deposit

*Charles Weakly, BSc District GeologistContributed to multi-million-ounce expansions of Barrick’s Goldstrike and Goldrush discoveries

William Mounts, DICAT Drilling Supervisor

Denise Dowell, BSc Geotechnical/Database Administrator

Bryan Kellie, BSc Project Geologist

Robert Springs, BSc Geologist

JoAnn Newbury Community Liaison Officer

EXPLORATION TEAM:



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Finance and Governance team

... track records of successfully securing and advancing high-quality assets to production …

*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 Chief Financial OfficerAdministrated Eagle Hill & Oban merger to form Osisko Mining

*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 Discovered 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.

CORPORATE MANAGEMENT:

DIRECTORS:



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 407.2 million 52 Week Range C$ 0.03 - 0.195/shareMarket Capitalization ~ C$ 28.5 millionCurrent Cash ~ C$ 5.0 millionProceeds Ex Options & Wts ~ C$ 17.1 millionWarrants / Options 68.0 / 33.4 millionFully Diluted 508.6 million

Ownership distribution

Miners Shares (millions) %OceanaGold 49.8 12.2

Barrick Gold 32.0 7.9Institutions

Tocqueville 37.9 9.3MacKenzie 23.3 5.7Davenport LLC 14.5 3.6Ingalls & Snyder 6.0 1.5Waterton Global 5.0 1.2

Public ~ 217.2 ~ 53.3Principals 21.5 5.3

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Investor Presentation

~ Rift Anticline, the Goldrush Analogue~



16

Endnotes & DisclaimersEndnotes:

1. The structural, stratigraphic and geochemical similarity and proximity of Goldrush to the Rift Anticline is not necessary indicative of the gold mineralization at RiftAnticline. To date, there are no known NI 43-101 compliant mineral resources or reserves on NuLegacy’s Red Hill property.

2. Barrick reports Goldrush resource contains 8.557 M indicated ozs of gold within 25.78 M tonnes grading ~10.57 g/t and 1. 65 M inferred ozs within 5.6 M tonnes grading~9.0 g/t.; 2(a) As per Barrick Gold’s 2017 MD&A; 2(b) As per Barrick Gold’s Feb 15, 2017 news release.

3. The reported intercepts are not necessarily true widths as there is insufficient data currently with respect to the shape of the mineralization to calculate its trueorientation. All sampling was conducted under the supervision of the Company’s project geologists and the chain of custody from the project to the sample preparationfacility were continuously monitored. The samples were delivered to American Assay Lab or ALS laboratories’ preparation facility in Nevada and sufficient commerciallyprepared standards, blanks or certified reference materials were inserted to assure quality analytical results. The samples were crushed, pulverized and sample pulpswere analyzed using industry standard fire assay methods. Data verification of the analytical results included a statistical analysis of the standards, blanks and referencematerials that must pass certain parameters for acceptance to ensure accurate and verifiable results.

Forward Looking Statements DisclaimerThis presentation provides information in summary form, is not intended to be complete and may contain errors. No representation, warranty or guarantee of any kind,express or implied, is made as to the fairness, accuracy or completeness of information contained in this presentation including the accuracy, likelihood of achievement orreasonableness of any forecasts, prospects, results or statements in relation to future matters. NuLegacy is not liable to any recipient or third party for the use of or relianceon the information contained in this presentation.

This presentation also contains forward-looking information and statements under applicable securities laws, which information and/or statements relate to future events orfuture performance (including, but not limited to, the estimated length, width, thickness, structural and geochemical characteristics and prospective nature of identifiedtargets and stratigraphic horizons including the Rift Anticline target and Wenban% horizon, the timing, cost and likelihood of securing the Company’s expanded plan ofoperations for Rift Anticline, anticipated results from future exploration and drilling programs and the number, location, timing and cost of proposed drill targets and CSAMTsurveys and reflect management’s current expectations and beliefs and are based on assumptions made by and information currently available to the Company. Readers arecautioned that such forward-looking information and statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause futureresults to differ materially from those expected including, but not limited to, actual results of exploration activities, environmental risks, operating risks, accidents, laborissues, delays in obtaining governmental approvals and permits, the availability of financing, market conditions, future prices for gold, changes in personnel and other risks inthe mining industry. There are no known resources or reserves in the Red Hill Property and any proposed exploration programs are exploratory searches for commercialbodies of ore. In addition, the presence of gold resources on properties adjacent or near the Red Hill Property including Goldrush is not necessarily indicative of the goldmineralization on the Red Hill Property. All forward-looking information and statements made in this presentation are qualified by these cautionary statements and those inour continuous disclosure filings available on SEDAR at www.sedar.com. The forward-looking information and statements in this presentation are made as of the date hereofand the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable laws.

Nothing in this presentation constitutes an offer to sell or the solicitation of an offer to buy any security and it is not intended to be relied upon as advice to investors orpotential investors and does not constitute a personal recommendation or take into account the investment objectives, financial situation or needs of any particular investor.Roger Steininger, a director of NuLegacy, is a Certified Professional Geologist (CPG 7417) and the qualified person as defined by NI 43-101, Standards of Disclosure for

Mineral Projects, responsible for approving the scientific and technical information contained in this presentation.

http://www.sedar.com/

~ the rift anticline as a goldrush analogue~ · • 2016 ~ 10 million oz @ 10 g/t. i • 2021 ~...

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