1 . 5 3 M i l l i o n o z @ 1 1 . 8 0 g / t g o l dA R A P I D L Y G R O W I N G H I G H - G R A D E G O L D D I S C O V E R YBELLEVUE GOLD PROJECT | WESTERN AUSTRALIA

WWW.BELLEVUEGOLD.COM.AU | ASX: BGL

Fol low us @bel levuegold

May 2019 - Sydney Resource Roundup Conference

DISCLAIMERThis presentation has been prepared by Bellevue Gold Limited (the Company) based oninformation from its own and third party sources and is not a disclosure document. No partyother than the Company has authorised or caused the issue, lodgement, submission,despatch or provision of this presentation, or takes any responsibility for, or makes or purportsto make any statements, representations or undertakings in this presentation. Except for anyliability that cannot be excluded by law, the Company and its related bodies corporate,directors, employees, servants, advisers and agents (Affiliates) disclaim and accept noresponsibility or liability for any expenses, losses, damages or costs incurred by you relating inany way to this presentation including, without limitation, the information contained in orprovided in connection with it, any errors or omissions from it however caused, lack ofaccuracy, completeness, currency or reliability or you or any other person placing anyreliance on this presentation, its accuracy, completeness, currency or reliability. Thispresentation is not a prospectus, disclosure document or other offering document underAustralian law or under any other law. It is provided for information purposes and is not aninvitation nor offer of shares or recommendation for subscription, purchase or sale in anyjurisdiction. This presentation does not purport to contain all the information that aprospective investor may require in connection with any potential investment in theCompany. Each recipient must make its own independent assessment of the Companybefore acquiring any shares in the Company (Shares). The Company has made reference tohistoric drilling and exploration results from a variety of Exploration company's over the past30 years that had previously explored the Project.

FORWARD LOOKING INFORMATIONThis presentation contains forward-looking statements. Wherever possible, words such as“intends”, “expects”, “scheduled”, “estimates”, “anticipates”, “believes”, and similarexpressions or statements that certain actions, events or results “may”, “could”, “would”,“might” or “will” be taken, occur or be achieved, have been used to identify these forward-looking statements. Although the forward-looking statements contained in this release reflectmanagement’s current beliefs based upon information currently available to managementand based upon what management believes to be reasonable assumptions, The Companycannot be certain that actual results will be consistent with these forward-looking statements.A number of factors could cause events and achievements to differ materially from theresults expressed or implied in the forward-looking statements. These factors should beconsidered carefully and prospective investors should not place undue reliance on theforward-looking statements. Forward-looking statements necessarily involve significant knownand unknown risks, assumptions and uncertainties that may cause the Company's actualresults, events, prospects and opportunities to differ materially from those expressed orimplied by such forward-looking statements. Although the Company has attempted toidentify important risks and factors that could cause actual actions, events or results to differmaterially from those described in forward-looking statements, there may be other factors

and risks that cause actions, events or results not to be anticipated, estimated or intended,including those risk factors discussed in the Company’s public filings. There can be noassurance that the forward-looking statements will prove to be accurate, as actual resultsand future events could differ materially from those anticipated in such statements.Accordingly, prospective investors should not place undue reliance on forward-lookingstatements. Any forward-looking statements are made as of the date of this presentation,and the Company assumes no obligation to update or revise them to reflect new events orcircumstances, unless otherwise required by law. This presentation may contain certainforward looking statements and projections regarding:• estimated, resources and reserves;• planned production and operating costs profiles;• planned capital requirements; and• planned strategies and corporate objectives.Such forward looking statements/projections are estimates for discussion purposes only andshould not be relied upon. They are not guarantees of future performance and involveknown and unknown risks, uncertainties and other factors many of which are beyond thecontrol of the Company. The forward looking statements/projections are inherently uncertainand may therefore differ materially from results ultimately achieved. The Company does notmake any representations and provides no warranties concerning the accuracy of theprojections, and disclaims any obligation to update or revise any forward lookingstatements/projects based on new information, future events or otherwise except to theextent required by applicable laws.

NO NEW INFORMATION OR DATAThis presentation contains references to Mineral Resource estimates, all of which have beencross referenced to previous market announcements made by the Company. The Companyconfirms that it is not aware of any new information or data that materially affects theinformation included in the relevant market announcements and, in the case of estimates ofMineral Resources that all material assumptions and technical parameters underpinning theestimates in the relevant market announcement continue to apply and have not materiallychanged.

Exploration results – Refer to ASX announcement on that said date for full details on theseexploration results. Bellevue Gold is not aware of any new information or data that materiallyeffects the information in the said announcement.

DISCLAIMER

ASX: BGL | 2

CAUTIONARY STATEMENTS AND DISCLAIMER

ONE OF THE HIGHEST GRADE NEW GOLD DISCOVERIES IN AUSTRALIA

ASX: BGL | 3

BELLEVUE GOLD PROJECT – A MAJOR MINERALISED GOLD SYSTEM GROWING RAPIDLY

BELLEVUE GOLD MINE WAS ONE OF AUSTRALIA’S RICHEST

GOLD MINES PRODUCING 800,000 oz @ 15 g/t GOLD

(1986 TO 1997).

CLOSED & FORGOTTEN FOR 20 YEARS (1997 TO 2017)

BELLEVUE GOLD LTD ANNOUNCES

1,530,000oz @ 11.80 g/t GOLDINCLUDING

VIAGO LODE OF550,000 @ 22.0 g/t GOLD

INFERRED RESOURCESFeb 2019

Footnotes: 1. refer ASX Resource Estimate 5/2/2019; 2. refer ASX 6/8/18; 3. refer ASX 9/10/18; 4. refer ASX 26/9/18

• Updated Independent JORC Inferred Resource Estimate, Bellevue Gold Project1

4.0 Mt @ 11.8 g/t gold for 1,530,000 oz

• Adjacent existing historical underground development.

• From surface to maximum depth drilled of 600 metres.

• Excellent gold recoveries 98.8%.• Granted mining licenses.• Excellent infrastructure.

• Incudes maiden Inferred Resource estimate for the Viago Lode1 one of the highest grade gold discoveries globally:

0.8 Mt @ 22.0 g/t gold for 550,000 oz

Drill results include: • 4.3 m @ 58.8 g/t gold2

• 3.0 m @ 85.9 g/t gold3

• 6.4 m @ 27.9 g/t gold3

• 3.35 m @ 37.4 g/t gold4

• Resources are open.

• Currently 4 x drill rigs onsite undertaking step-out & infill drilling.

• Fully funded for continued exploration success in 2019.

• Updated Resource Estimate Qtr 2 2019.

• Significant +3,600km2 strategic landholding adjacent major mines (ASX: EAR / RED / NST / SAR / SBM).

ASX: DRG | 4

A STANDOUT HIGH GRADE GOLD PROJECT IN AUSTRALIAONE OF THE HIGHEST GRADE GOLD PROJECTS

• Bellevue Gold Project is one of the highest grade new gold discoveries in recent times in Australia.

• Viago Lode is one of the highest grade deposits globally.

• Significant scope to define further resources in rapid time.

• 4 x drill rigs currently turning.

• Low discovery cost less than A$15 oz.

ASX: BGL | 4 Source: S&P Global | SNL

Note: one deposit higher @ ~60g/t gold

Viago Lode Resource Grade 22.0g/t gold

Bellevue Gold Project Global Resource Grade 11.80g/t gold

JORC Resource estimates Gold Projects in Australia

Gold grade

g/t

ASX: DRG | 5

RAPID RESOURCE GROWTH MULTIPLE DRILL RIGS TURNING WITH LOW DISCOVERY COSTS AT LESS THAN A$15 oz

ASX: BGL | 5

0

5,000

10,000

15,000

20,000

25,000

Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019

Drill

met

res

per q

uart

er

1.53 Moz

1.04 Moz

0.5 Moz

maiden resource01/08/18

Fore

ca

st Q

tr1

20

19

Dri

llin

g

updated resource 22/10/2018

Discovery drill hole 7m @ 27.4 g/t(20/11/2017)

updated resource 5/2/2019

UpdatedResource

2nd Qtr 2019

Current Share Price A$0.56

Market Capitalisation A$273.2M

Cash2 ~A$28.6M

ASX: BGL | 6

CORPORATE SUMMARYBUILDING STRONG FOUNDATIONS

ASX Code BGL

Shares on issue1 488M

Management, staff & consultant options/performance rights unlisted (prices from $0.035 - $0.40)

125M

Top 20 Shareholders1 ~ 60%

Footnotes: 1. as at 19 March 2019 2. As at 31 March 2019

Shareholder Summary1

Board, Management and Advisors (on a fully diluted basis)

1832 Asset Management LPTolga Kumova Macquarie Bank LtdOther Global Institutions and Sophisticated InvestorsRetail

~ 12 %11 %

9 %4 %

~ 34 %~ 30 %

Ray has more than 20 years’ experience in corporate finance and has advised a diverse range of ASX listed mining companies and was recently head of corporate of a major Australian broking firm.

ASX: BGL | 7

BOARD OF DIRECTORSA TRACK RECORD OF DISCOVERIES & CORPORATE SUCCESS

Non-Executive ChairmanMr. Ray Shorrocks

Managing Director Mr. Steve Parsons

Steve is an experienced geologist with a proven track record of mineral discoveries and corporate growth. Previously he founded and ran Gryphon Minerals which grew to an ASX-200 company and was subsequently acquired by a significant North American gold producer.

Executive Director & Company Secretary

Mr. Michael Naylor

Michael is a chartered accountant with 22 years experience in corporate advisory and public company management. Previous Director and CFO of successful ASX lithium producer Tawana Resources NL during the exploration and development phase.

ASX: BGL | 8

BELLEVUE GOLD SUMMARY VIDEOPLEASE CLICK ON THE VIDEO LINK

CLICK ON THE LINK TO VIEW THE BELLEVUE GOLD PROJECT

SUMMARY VIDEOhttps://youtu.be/jHJoXbacwTs

ASX: DRG | 9

Road from Leinster to Bellevue

• Significant landholding.

• Granted Mining Licenses Bellevue Gold Project.

• Western Australia is a top global mining jurisdiction.

• Close proximity to multiple major gold operations.

EXCELLENT LOCATIONMAJOR MINING DISTRICT IN WORLD-CLASS JURISDICTION

• Excellent infrastructure

• Grid power.

• Services at Leinster, Leonora & Wiluna.

• Flights, Perth to Leinster (40km south).

• Sealed roads.

• Water.

Onsite at Bellevue mining license

ASX: BGL | 9

ASX: DRG | 10

MAJOR GOLD & NICKEL DISTRICTSWORLD-CLASS GOLD & NICKEL BELTS ADJACENT TO NUMEROUS GOLD PROCESSING PLANTS

• Bellevue has major landholdings over 3,600km2 within prolific gold & nickel belts (BGL owns 100%).

• Major producing gold mines within close proximity to Bellevue’s Projects:

• Darlot (Goldfields).• Agnew / Lawlers (Goldfields).• Jundee (Northern Star).• Matilda (Blackham).• Thunderbox (Saracen).• Sons of Gwalia (St Barbara).

• World-class nickel mines in close proximity:• Leinster Nickel (BHP).• Mt Keith Nickel (BHP).• Honeymoon Well Nickel (Norilsk).• Cosmos Nickel (WSA).

ASX: BGL | 10

Bellevue Mining 1,530,000oz @ 11.8 g/t gold

ASX: DRG | 11

Historic Mine Shaft

The last time the mine operated

HISTORIC BELLEVUE GOLD MINEA MAJOR HISTORICAL GOLD PRODUCER

• Bellevue Gold Mine historically produced about 800,000 oz @ 15 g/t gold.

• A century of high grade gold – Bellevue was discovered in 1897 & closed in 1997.

• Several companies have owned the Bellevue project since mine closure however due to other gold and nickel discoveries in the region, work at Bellevue has not been prioritized.

• The Project has been “parked” for the last 20 years missing major advances in exploration techniques and the resurgence in gold price in recent times.

BELLEVUE GOLD LTD IS THE FIRST COMPANY TO EXPLORE BELLEVUE

SYSTEMATICALLY FOR GOLD USING MODERN TECHNIQUES IN NEARLY

TWO DECADES

ASX: BGL | 11

ASX: DRG | 12

Note: The historic gold processing plant has been dismantled at Bellevue gold project

• Historically produced ~100,000oz pa gold LOM.

• 260kt pa processing plant (onsite).

• Mine head grade ~ 15g/t gold.

• Excellent metallurgical recoveries of 97.5%.

• Formerly Bellevue was a highly profitable mining operation.

HISTORIC BELLEVUE GOLD MINESIGNIFICANT GOLD PRODUCTION 1986 – 1997 BEFORE IT CLOSED

UNDERGROUND MINING OPERATIONS

AND PROCESSING PLANT CEASED IN 1997

ASX: BGL | 12

ASX: DRG | 13

Existing Infrastructure1,530,000 oz @ 11.8g/t gold inferred resources from surface adjacent existing mine development

ASX: BGL | 13

main ventilation shaftParis Pit and Decline To Western Corridor Lodes

270,000 oz @ 8.8 g/t gold only 230 metres away from surface

To Viago Lode550,000 oz @ 22.0 g/t only 130 metres away

Bellevue Surrounds Lode 710,000 oz @ 9.6 g/t goldFrom surface & adjacent

mine development

450 metres of vertical mine development

28,000 metres of existing underground mine development

ASX: DRG | 14

MULTI-MILLION OUNCE GOLD SYSTEMGROWING RAPIDLY ALONG STRIKE & AT DEPTH

ASX: BGL | 14

800,000 oz @ 15 g/t gold mined from1986 to 1997

and

1,530,000 oz @ 11.8 g/t gold current inferred resources

• A world class multi-million oz Archean lode gold system.

• 4 kilometre mineralised corridor so far defined.

• open along strike.

• open at depth.

• Currently drilling step out with 4 x drill rigs.

• Resource upgrade in 2nd Quarter 2019.

ASX: DRG | 15

PLAN VIEW SHOWING BELLEVUE UNDERGROUND WORKINGS (BLUE), TRIBUNE LODE (LIGHT GREEN) & VIAGO NEW DISCOVERY LODE

• Viago Lode remains open - currently drilling north & south along strike.

• Recent step-out extensional drill results outside of the current resource include:

2.6 m @ 15.4 g/t gold4 - Viago north discovery2.4 m @ 15.4 g/t gold4 - Viago north discovery4.0 m @ 14.8 g/t gold4 - Viago extension1.7 m @ 34.6 g/t gold4 - Viago extension

• Consistent high-grade diamond core drill results have included: 4.3 m @ 58.8 g/t gold1

3.0 m @ 85.9 g/t gold2

6.4 m @ 27.9 g/t gold2

3.35 m @ 37.4 g/t gold3

2.8 m @ 19.0 g/t gold3

• Viago Lode is a flat/shallow dipping Lode located between the Bellevue Lode (to the east) & Tribune Lode (to the west).

• Current resource area covers only 750 metres. Recent drilling has extended the mineralised area to 1,400 metres and remains open.

• Located adjacent the historical Bellevue underground workings.

• To date 90% of drill holes have intersected visible gold.

• Down Hole Electro-Magnetic (DHEM) targeting correlates 100% with high-grade gold mineralisation.

HIGH-GRADE VIAGO LODE0.8 Mt @ 22.0 g/t gold for 550,000 oz gold inferred4

ASX: BGL | 15Exploration results 1. refer ASX 6/8/18; 2. refer ASX 9/10/18; 3. refer ASX 26/9/18 4. refer ASX 14/3/19

South

ASX: DRG | 16

• Tribune Lode remains open and is currently being drilled to the north & south along strike.

• Recent step-out extensional drill results outside of the current resource include:

6.0 m @ 24.9 g/t gold from 188 m4

6.5 m @ 22.2 g/t gold from 96 m4

• Consistent high grade diamond core drill results include: 5 m @ 22.9 g/t gold from 25 m 2

7 m @ 27.4 g/t gold from 93 m 2

12 m @ 12.0 g/t gold from 68 m4

10.1 m @ 29.0 g/t gold from 188.5 m4

5 m @ 27.3 g/t gold from 41 m4

• Tribune Lode located 300 metres to the west of the Bellevue Lode & underground workings & the Viago Lode.

• Current resource area covers 650 metres. Recent drilling has extended the mineralised area to 1,000 metres and remains open.

• Down Hole Electro-Magnetic (DHEM) targeting correlates 100% with high-grade gold mineralisation.

HIGH-GRADE TRIBUNE LODESIGNIFICANT HIGH-GRADE GOLD DRILL RESULTS OUTSIDE THE CURRENT RESOURCE

ASX: BGL | 16Exploration results Refer ASX 17/7/18; 6/8/18; 9/10/18; and 26/9/18 and 4. refer ASX 14/3/19

6.5 m @ 22.2 g/t gold from 96 m.Tribune Lode diamond core hole DRDD112 located 50 metres south of previously defined high-grade mineralization at the Tribune Lode

6 m @ 24.9 g/t gold from 188 m.Tribune Lode diamond core hole DRDD111 located 350 metres north of previously defined high-grade mineralization at the Tribune Lode.

ASX: DRG | 17

A SIGNIFICANT HIGH-GRADE LODE SYSTEMMULTIPLE HIGH-GRADE LODES – FURTHER DISCOVERIES HIGHLY LIKELY

LONG SECTION LOOKING EAST SHOWING BELLEVUE SURROUNDS & UNDERGROUND MINE (RED), TRIBUNE (Yellow) & SOUTHERN BELLE (LIGHT BLUE) & VIAGO LODE (GREEN) RESOURCE AREAS

• Multiple high-grade gold lodes.

• No drilling below current resources.

• Currently drill testing extensions of Viago & Tribune Lodes.

North South

ASX: BGL | 17Exploration results: Refer ASX 17/7/18; 6/8/18; 9/10/18; and 26/9/18 .

All resource wireframes areIn close proximity to historic mining development .

ALL resources are unmined.All resources are open.

500m

SouthNorth

ASX: DRG | 18

CROSS SECTION LOOKING NORTH SHOWING BELLEVUE SURROUNDS LODE (YELLOW RIGHT SIDE), TRIBUNE DISCOVERY LODE (LEFT SIDE YELLOW) AND VIAGO LODE (BELOW).

• Analogous mineralisation style and host lithology to the Bellevue Mine.

• Early quartz veins with subsequent deformation and sulphide + gold mineralisation.

• Abundant coarse gold and well defined high-grade shoot development in the overall shear hosted lode.

• Comparable true widths and drilling hit rate of high-grade material at Bellevue Mine.

• Tribune Lode, Viago Lode & Bellevue underground workings all in close proximity.

RESOURCES ARE ADJACENT UNDERGROUND DEVELOPMENTSTEP-OUT EXTENSION DRILLING UNDERWAY WITH FOUR DIAMOND CORE RIGS

ASX: BGL | 18

untested

East

untested

untested

ASX: DRG | 19

SIGNIFICANT POTENTIAL TO EXTEND HIGH-GRADE LODE SYSTEMDRILL TESTING DEPTH EXTENSIONS STARTING QTRS 2 & 3 2019

North South

ASX: BGL | 19

500m

SouthNorth

Viago Lode

Tribune Lode

Southern Belle Lode

Bellevue Surrounds Lodes

Open

Open

OpenOpenOpen

Open

Bellevue Gold Project:800,000 oz @ 15 g/t gold mined from 1986 to 1997 &

1,530,000 oz @ 11.8 g/t gold current inferred resources

ASX: DRG | 20

GEOLOGICAL PLAN SHOWING RESOURCE LODES SO FAR DEFINED & AREAS FOR STEP-OUT DRILL TESTING IN 2019

• 4 kilometre mineralised corridor so far defined.

• Mineralisation is open.

• Hardly any drill holes.

• Multiple high grade gold lodes discovered within a major mineralised corridor.

• Surface & Down Hole Electro-Magnetics help target mineralised lodes.

• Currently drilling step out with 4 x diamond core drill rigs.

East

MULTIPLE HIGH-GRADE GOLD LODESJUST SCRATCHING THE SURFACE OF A LARGE GOLD SYSTEM - STEPOUT & INFILL DRILLING ONGOING

ASX: BGL | 20

Tribune Lode

Southern Belle Lode

Viago Lode

Bellevue Surrounds

ASX: DRG | 21

• Lode quartz veins with sulphides (pyrrhotite) + visible gold mineralisation.

• Excellent metallurgical test results up to 98.8% through a combination of gravity and 48-hour cyanide leach bottle rolls.1

• Gravity recoveries of up to 82.5% of total gold recovered by the Knelson Concentrator prior to cyanide leaching.1

BELLEVUE MINE, VIAGO & TRIBUNE LODESMINERALISATION IDENTICAL TO HISTORIC BELLEVUE UNDERGROUND ORE

HOLE DRD020 (22 MAR 18)

TRIBUNE LODE 2.5m @ 29.0g/t & 3.8m @ 5.2g/t gold

HOLE DRDD013 (06 Aug 18)

VIAGO LODE 4.3m @ 58.8g/t gold

Bellevue mine ore photos of

sulphides and quartz veins hosting

high-grade gold mineralisation

ASX: BGL | 211: Refer to ASX announcement on 29/6/2018.

ASX: DRG | 22

4 x Diamond Drill Core Rigs currently drilling onsite

BELLEVUE GOLD PROJECT 2019GRANTED MINING LICENCES & GEARED UP FOR DISCOVERY SUCCESS IN 2019

24 person campDrill core shed

+40,000 metres of stored drill core

laydown area Field vehicles

ASX: BGL | 22

ASX: DRG | 23

• BELLEVUE MINE TARGETS INCLUDE:

• Tribune Lode step-out.

• Viago Lode step-out.

• Bellevue Surrounds & underground step-out.

• Western Mineralised Corridor - a major new target area with minimal historical testing.

• HIGH PRIORITY STEP-OUT TARGETS:

• Strike extensions to north & south.

• Depth extensions below 500 metres.

• Parallel shear zones with limited historical drill testing.

• Base metal potential.

• Significant landholding of 3,500sq km2

Bellevue Northern extension11m @ 6.5 g/t from 35m2m @ 5.6 g/t from 64m

Westralia pit 4m @ 28.2 g/t from 57m6m @ 12.6 g/t from 23mVangaurd pit 8m @ 11.2 g/t from 27m8m @ 5.5 g/t from 64mHenderson pit 3m @ 53 g/t from 13m

Bellevue remnant ore potential

Tribune Lode discovery 7m @ 27.4 g/t from 92m12m @ 12.0 g/t from 68m15m @ 6.8 g/t from 79.5m5m @ 22.9 g/t from 25mSouthern Belle Lode4.4m @ 22.87 g/t from 388m

+20 KILOMETRES

Viago Lode discovery4.3m @ 58.8g/t 3.4m @ 10.4 g/t 2.5m @ 13.1 g/t

MULTIPLE BELLEVUE REGIONAL TARGETSA HIGHLY PROSPECTIVE LANDHOLDING UNTESTED FOR 20 YEARS

Kathleen Valley2m @ 19 g/t from 32m5m @ 9.78 g/t from 8m

ASX: BGL | 23Exploration results: Refer to ASX announcements on 20/11/2017, 22/3/2018 , 17/7/2018, 6/8/18, ASX 9/10/18 and 26/9/18

ASX: DRG | 24

• Bellevue Gold’s land position is over 3,600km2.

• Bellevue Gold owns 100% of the Bellevue, Yandal South, JundeeNorth & Fisher West Gold Projects.

• All located in close proximity to the Bellevue Gold Project.

• Strategically located between major gold mines: Northern Star (ASX:NST), Echo Resources (ASX:EAR), Red 5 (ASX:RED), Goldfields, Saracen (ASX:SAR) & St Barbara Mining (ASX:SBM).

• A world-class gold & nickel region with multiple operating mines.

A LARGE STRATEGIC GROUND POSITIONHIGHLY PROSPECTIVE BELLEVUE & SOUTH YANDAL GOLD PROJECTS

ASX: BGL | 24

ASX: DRG | 25

Now

1.53 million oz @ 11.8g/t gold

interim JORC inferred resource estimate

deeper drill testing below 500 metres

targeting high-grade Bellevue

depth extensions

Updated resource estimate

Bellevue Gold Project

Qtr 2 & 3Deeper Bellevue

TargetingQtr 2 2019

ONGOING NEWS FLOW 2019

UNLOCKING THE POTENTIAL AT BELLEVUEFUNDED FOR DISCOVERY DRILLING & RESOURCE DEFINITION

ASX: BGL | 25

Targeting Viago, Bellevue & Western Corridor

step-out extensional drilling

Qtr 2 & 3 4 x drill rigs

Ongoing surface & downhole

electro-magnetic testing for high

grade gold zones

Qtr 2 & 3 Geophysics

ASX: DRG | 26Source: information is from most recent ASX & TSX Company reports and company websites

BellevueBellevue Gold

Paulsens Northern Star

Kanowna BelleNorthern Star

AgnewGoldfields

DarlotRed 5

JundeeNorthern Star

GwaliaSt Barbara surface

-500m

-1,000m

~800koz Produced

current resource1.53 Moz

@ 11.8g/t goldCurrent

resources 198koz @

3.7g/t gold

surface

-500m

-1,000m

Historicallyproduced

3.5 Moz

Currentresources 250koz @

5.97g/t goldCurrent

resources 1.15Moz @3.2g/t gold

Currentresources 2.1Moz @

5.31g/t gold

Historicallyproduced4.9 Moz @

4.6g/t gold

Historicallyproduced700koz @

7.6g/t gold

Historicallyproduced

3.5 Moz

1,300 metres1,300 metres

850 metres2,000 metresdown plunge

Historicallyproduced

5.5 Moz

Currentresources 3.2Moz @

4.3g/t gold

800 metres

HistoricallyProduced5.5 Moz

Currentresources 5.7Moz @

6.7g/t gold-1500m

-2000m

1,600 metres

-1500m

Open&

untested

-2000m

+3km deep drilling

deep drilling

deep Seismic & drilling

deeper drilling

deeper drilling

A LOT FURTHER TO GOHIGH-GRADE UNDERGROUND MINING OPERATIONS IN WESTERN AUSTRALIA WILL CONTINUE TO GO DEEPER

ASX: BGL | 26

deeper drilling

ASX: DRG | 27

BELLEVUE HIGH-GRADE GOLDRapidly Growing A Significant High-Grade Gold System

ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES PRODUCING 800,000 oz @ 15 g/t GOLD FROM 1986 – 1997

BELLEVUE GOLD LTD IS RAPIDLY CREATING SHAREHOLDER VALUE THROUGH DRILL METRES & CONSISTANT RESOURCE GROWTH

One of the highest grade

new gold discoveries

globally

A significant high-grade gold

resource

One of the fastest growing

resources in Australia

Fully funded for further

exploration and resource

growth in 2019

A highly experienced

management & exploration team with track record

of discovery success

11.8 g/t

1.53 Moz

ASX: BGL | 27

13months

Suite 3, Level 3, 24 Outram Street West Perth| T: + 61 (08) 6424 8077| E: admin@bellevuegold.com.au

Appendices follow

Photo April 2019: Senior Wati from the Western Desert invited Bellevue Gold to a cultural event on Country with senior Wati & senior elders of Tjiwarl

ASX: DRG | 29

COMPETENT PERSONS STATEMENT

ASX: BGL | 29

Information in this half year report that relates to Exploration Results is based on and fairly represents information and supporting documentation prepared by Mr Shane Hibbird. Mr Hibbird is a full-timeemployee of Bellevue Gold and is a member of the AusIMM, Australian Institute of Geoscientists (AIG) and the Society of Economic Geologists (SEG). Mr Hibbird has sufficient experience relevant to the styles ofmineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person, as defined in the 2012 Edition of the “Australasian Code for Reporting ofExploration results, Mineral Resources and Ore Reserves”. Mr Hibbird is an employee and holds securities in Bellevue Gold Limited and has provided his prior written consent as to the form and context in whichthe Exploration Results and the supporting information are presented in this announcement.Information in this half year report that relates to Mineral Resources at the Western Corridor and Viago Lodes is based on, and fairly represents, information and supporting documentation prepared by Mr BrianWolfe, an independent consultant specialising in mineral resource estimation, evaluation and exploration. Mr Wolfe is a Member of the Australian Institute of Geoscientists. Mr Wolfe has sufficient experiencewhich is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of theAustralasian Code for Reporting of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code).

Information in this half year report that relates to Mineral Resources at the Bellevue Surrounds is based on, and fairly represents, information and supporting documentation prepared by Mr Sam Brooks, anemployee of Bellevue Gold. Mr Brooks is a Member of the Australian Institute of Geoscientists. Mr Brooks has sufficient experience which is relevant to the style of mineralisation and type of deposit underconsideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of the Australasian Code for Reporting of Information in this announcementthat relates to mineral resources. Mr Brooks is an employee and holds securities in Bellevue Gold Limited and consents to the inclusion in this announcement of all technical statements based on his informationin the form and context in which they appear. Information relating to the Bellevue Surrounds resource has been reviewed by Mr Brian Wolfe, an independent consultant specialising in mineral resourceestimation, evaluation and exploration. Mr Wolfe is a Member of the Australian Institute of Geoscientists. Mr Wolfe has sufficient experience which is relevant to the style of mineralisation and type of depositunder consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of the Australasian Code for Reporting of the Australasian Code forReporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code).

ASX: DRG | 30

BUILDING GLOBAL ANALYST COVERAGE

ASX: BGL | 30

Analyst Company Analyst Name Contact Details

Macquarie Bank Ben Crowley Ben.Crowley@macquarie.com

Canaccord Genuity Tim McCormack tim.mccormack@canaccord.com.au

Paterson's Securities Limited Xavier Braud XBraud@psl.com.au

Sprott Capital Partners Brock Salier bsalier@sprottcapital.com

EAR Keith Goode goode.keith@gmail.com

ASX: DRG | 31

Resource Estimate Bellevue Gold ProjectIndependent JORC 2012 resource estimate for the Bellevue Gold Project (ASX 22 October 2018):

3.5 g/t gold lower cut off, totals rounded to reflect acceptable precision

*Totals are rounded to reflect acceptable precision, sub totals may not reflect global total resources ASX: BGL | 31

JORC Mineral Resource Estimate

Classification Tonnes (Mt) Grade Gold g/t Gold Ounces

Inferred 4.0 11.8 1,530,000

JORC 2012 Inferred resource estimate at selected lower cut-off gradesCut-off Tonnes (Mt) Grade gold g/t Gold Ounces2.0 g/t Au 5.5 9.6 1,660,0003.5 g/t Au 4.0 11.8 1,530,0005.0 g/t Au 3.3 13.6 1,430,000

JORC 2012 Inferred resource estimate summary

Deposit Area Tonnes (Mt) Grade gold g/t Gold Ounces

Bellevue Surrounds 2.3 9.6 710,000

Viago Lode 0.8 22.0 550,000Tribune Lode 0.6 7.8 150,000

Southern Belle Lod 0.4 10.4 120,000Total 4.0 11.8 1,530,000*