advancing a leading development project - orca...

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TSX-V: ORG

Advancing a Leading Development Project

in Africa

August 2018 | TSX-V: ORG

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TSX-V: ORG

Forward-Looking DisclaimerThis presentation contains forward-looking information and forward-looking statements within themeaning of applicable Canadian securities laws, including statements regarding Orca Gold Inc.’s (the“Corporation”, “we” or “our”) plans and expectations relating to the Block 14 project (“Block 14”) innorthern Sudan, the updated preliminary economic assessment on Block 14 and the Feasibility Study(“FS”) currently being conducted by the Corporation. These statements relate to analyses and otherinformation that are based on forecasts of future results, estimates of amounts not yet determinableand assumptions of management. Statements concerning mineral resource estimates may also bedeemed to constitute “forward-looking statements” to the extent that they involve estimates of themineralization that will be encountered if the property is developed. The assumptions, risk anduncertainties outlined below are non-exhaustive. Should one or more of these risks and uncertaintiesmaterialize, or should underlying assumptions prove incorrect, actual results, performance orachievements of the Corporation, or industry results, may vary materially from those described in thispresentation.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs,plans, projections, objectives, assumptions or future events or performance (often, but not always,identified by words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “projects”,“estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential”, “possible” orvariations thereof or stating that certain actions, events, conditions or results “may”, “could”, “would”,“should”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms andsimilar expressions) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements and forward-looking information are not guarantees of futureperformance and are based upon a number of estimates and assumptions of management at the datethe statements are made including without limitation, assumptions about the following (the “Forward-Looking Factors”): future prices of gold and other metals; successful exploration, development, andproduction of Block 14; the timing and completion of the FS; performance of contractual obligations bycounterparties; operating conditions; political stability; obtaining governmental approvals andfinancing on time; financial projections and budgets; obtaining licenses and permits; governmentregulation of the Corporation’s mining activities; environmental risks and expenses; market conditions;the securities market; price volatility of the Corporation’s securities; currency exchange rates; foreignmining tax regimes; insurance and uninsured risks; financial projections and results; competition;availability of sufficient capital, infrastructure, equipment and labour; dependence on key personnel;dependence on outside parties; conflicts of interest; litigation; land title issues; local community issues;

estimation of mineral resources; realization of mineral resources; timing and amount of estimatedfuture production; the life of Block 14; reclamation obligations; changes in project parameters as planscontinue to be evaluated; and anticipated costs and expenditures and our ability to achieve theCorporation’s goals. While we consider these assumptions to be reasonable, the assumptions areinherently subject to significant business, social, economic, political, regulatory, competitive and otherrisks and uncertainties, contingencies, many of which are based on factors and events that are notwithin the control of the Corporation and there is no assurance they will prove to be correct.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties andother factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation known and unknown risks, uncertainties and otherfactors relating to the Forward-Looking Factors above, and those factors disclosed under the heading“Risk Factors” in the Corporation’s documents filed from time to time with the securities regulators inthe provinces of Canada.

In addition, a number of other factors could cause the actual results, performance or achievements ofthe Corporation to differ materially from any future results, performance or achievements expressedor implied by the forward-looking information, and there is no assurance that the actual results,performance or achievements of the Corporation will be consistent with them. For further details,reference is made to the risk factors discussed or referred to in the Corporation’s annual and interimmanagement’s discussion and analyses on file with the Canadian securities regulatory authorities andavailable electronically on the SEDAR website at www.sedar.com. Although the Corporation hasattempted to identify important factors that could cause actual actions, events, results, performanceor achievements to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause actions, events, results, performance orachievements not to be as anticipated, estimated or intended. There can be no assurance thatforward-looking statements or information will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in such statements. Such forward-lookingstatements and information are made or given as at the date of this presentation and the Corporationdisclaims any intention or obligation to update or revise any forward-looking statements, whether as aresult of new information, future events or otherwise, except as required under applicable securitieslaw. The reader is cautioned not to place undue reliance on forward-looking statements or forward-looking information.

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TSX-V: ORG

Team with Track Record of Success:former management team of Red Back Mining

Highly prospective portfolio of gold projectsin Sudan and Côte d’Ivoire (CDI)

Jan 2018 Mineral Resource Estimate:

Indicated: 72.7Mt at 1.30 g/t Au for 3.05 Moz of Au

Inferred: 19.8Mt at 1.2 g/t Au for 0.75 Moz of Au

High-Grade Discovered Outside of Current Resource: 30.8m at 9.67 g/t (Wadi Doum) and 24 m at 3.89 g/t and 10m at 15.32 g/t (Liseiwi)

U.S. Treasury Removed Sanctions on the Sudanon Oct 12, 2017

Feasibility Study on Block 14 Gold Project – Q4 2018

NEW! C$22M Strategic Investment from Resolute Mining announced May 28, 2018

Investment Highlights

Orca’s Exploration CampDiamond Drilling at Galat Sufar South

Orca Geologist Logging CoreDrill Core from Block 14

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Corporate Overview

SHARE STRUCTURE (CDN$)

Issued & Outstanding Shares 194M

Options (Avg. Strike Price: $0.41) 17M

Warrants (Strike Price: $0.55) 11M

MCap (as at Aug 1, 2018) $113M

MAJOR SHAREHOLDERS

Resolute Mining Limited 16.7%

Zebra Holdings/Lorito 16.0%

Ross Beaty 8.8%

Management & Board 6%

Drill Program Ongoing at Block 14

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CEO

RICKCLARK

B.A., LLB

30+ yearsin Mining Industry

Led Red Back Mining

$9.2 BAcquisition by Kinross

President and CEO

Red Back Mining Inc.

40+ yearsin Mine Operations

COO

KEVINROSS

Eur Ing, MBA, MIMMM

Have Led Mining Operations in

North & South America,Africa, Australia

COO

Red Back Mining Inc.CEO

ARCON International

20+ years

CFO

GLENNKONDO

B,Comm., CA

Delivered commercial growth by

leading M&A, capital finance & operational performance


Senior Roles

Red Back Mining, IMF,UN & African Union

Specialist in

African Affairs

President

HUGHSTUART

B.Sc (Hons), M.Sc, FGS

30+ yearsin Exploration

Experience Former RolesAchievements

Discovered

30+ Mozof Gold in Africa

VP Exploration


CFO

Lucara Diamond Corp.

Management

Chief Strategist, African Affairs

KARAMOSONKO

M.Phil., Ph.D

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Non-Exec

BOBCHASE

CPA, CA

Senior Board Memberfor a Number of Public Companies

Director


25 yearsin Evaluating, Investing

& Financing Mining Projects

Non-Exec

DAVIDFIELD

Bec(H)/BSc ANU

Invested $10+Bin the Commodities Sector

at Carmignac Gestion


President & CEO

KGHM International Ltd.Principal

Traxys Capital Partners LLP

Experience Former RolesAchievements

10 Years as Head

Global Basic Materials Groupat Bankers Trust Financial Group

Board Of Directors

Non-Exec

DEREKWHITE

B.Eng, CA

CEO

RICK CLARK B.A., LLB

President

HUGH STUART B.Sc (Hons), M.Sc, FGS

Non-Exec

SIMONJACKSON

B.Comm., FCA

25 yearsin M&A & Corporate Finance

Former Managing Director & CEO

Beadell Resources Ltd.VP Corporate Development


ChairmanALEX

DAVIDSONM.Sc(Econ. Geol.), B.SC, P.Geo

40+ yearsin Gold & Base Metal Exploration

2013

Prospector of the Year

Executive VP Exploration & Corporate Development

Barrick Gold

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TSX-V: ORG

About Sudan

• Highly prospective geology and under explored

• Currently hosting the largest gold rush in the last century

• Gold endowment – +100t produced in 2017(100% artisanal and small scale mining)

• 2nd largest gold producing country in Africa

• One of the most stable governments in Africa

• Safe and easy to work – conflict is 1,500 km south in the South Sudan

• DEVELOPMENT: U.S. lifted economic sanctionson October 12, 2017

100km

Block 14 Project2,170km2 concession

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Sukari15Moz

TaheO.5Moz

Managem3.9Moz

Hassai VMS

Zara0.84Moz

Bulghah2.01Moz

Mahd Ad’Dahab0.77Moz

Masarrah1.57Moz

Ad Duwayhi2.4Moz

Mansourah3.05Moz

Al Amar1.12Moz

Ownership Interest Current After Development Decision

Orca 70% 70%

Local Partner 30% 10%

Government 0% 20%

Project Overview : Block 14 Gold Project

• 7% royalty

• 15% corporate tax

BishaVMS

Sukhaybarat0.89Moz

Miskah2.70Moz

ArRjum2.63Moz

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Block 14 Concession – 2,170 km2

Water Pipeline85 km (downhill)

Open

Open

Open

Railway

AREA 5 - Fresh Water Resource

Current Area135km2

Haul Road 65km

Galat Sufar South (GSS)Indicated: 2,839KozInferred: 670Koz

Wadi DoumIndicated: 208kozInferred: 82koz

20 km

N

Egyptian Border 35kmNubian Sandstone Formation

Priority Target: Liseiwi

Access Road

Abu HamadRiver Nile

Water Exploration Borehole

Pipeline Route

Block 14 Tenement

Resource

Water Production Borehole

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10 km

• Measured Water Resource of 80-100Mm3 *

• Water Extraction Permit = 980km2

• Supports 12,500m3/day for Life of Mine

• Water is Fresh

SupportsThroughput of

Permitted Water Resource Sufficient for LOM at 6Mtpa

Only 20%of aquiferdrilled to date

562km2

135km2

825km2

6.0Mtpa

Geophysical Survey Size Aquifer Target Size Drilled Resource Area

*As defined by GCS Water and Environmental Consultants Ltd

Previously Unknown Aquifer

Water Resource 135km2

Water Extraction Permit 980km2

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Feasibility Study Underway

❑ Water Exploration Drilling❑ Water Aquifer Modelling❑ Mining Throughput Study❑ FS Throughput Decision❑ Pit Geotechnical Drilling❑ Plant and TSF Geotechnical Drilling❑ Metallurgical Test Work❑ Resource Update❑ Environmental❑ Resource Expansion Drilling (Ongoing)❑ Pit Optimization, Design, Mine Schedule❑ Engineering

CONTRIBUTORS

COMPLETION OF FS: Q4 2018

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Category Mt Au g/t Koz

Indicated Resource 72.70 1.30 3,047

Inferred Resource 19.78 1.2 752

Prospect Category Mt Au g/t Koz

GSSIndicated 69.47 1.27 2,839

Inferred 17.77 1.2 670

Wadi DoumIndicated 3.17 2.05 208

Inferred 2.01 1.3 82

*Mineral Resource estimate completed by MPR Geological Consultants, Perth and reported at 0.60g/t Au cut-off as per press release January 29, 2018. Slight discrepancy in numbers due to rounding. Based on 98,754m of drilling in 688 holes.

• Indicated resources increase by 25% or 606 Koz of gold• 540koz in new Inferred resources defined

NI 43-101 Feasibility Study Resource Estimate

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GSS: Main Zone GSS: East Zone

MZ Section

EZ Section 1

500mN

EZ Section 2

GSS Main & East Zone: Plan View of Revised PEA Pits

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GSDD047 GSDD042

1a

1b

1c

2a

2b

2c

3

GSDD011A

0 50 100m

Geology GSS Main Zone Section

Intercepts

# m g/t Au

1a 10.9 2.76

1b 20.9 3.31

1c 50 2.75

2a 42 2.08

2b 11 4.90

2c 48 2.76

3 48 2.27

Andesite

Altered Sediment

Un-altered Sediment

K Feldspar Altered Diorite

Quartz Veins

Silica Replaced Rock

Dolerite Dyke

Foliated Quartz Sericite Pyrite Schist

Previous Drill Program Results

Current Drill Program Results

Planned Drill Holes

Drill Holes

Revised PEA Pit Outline

#

#

#

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0.20 to 0.50g/t

0.50 to 1.00g/t

1.00 to 3.00g/t

+3.00/t

Indicated Resources

Inferred Resources100m

Revised PEA Pit Design

Indicated Resources Expanded Below Revised PEA Pit

Block Model: GSS Main Zone Section

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1

2

0 50 100m

GSDD048 GSDD045

Intercepts

# m g/t Au

1 82 2.22 162 2.01

Geology: GSS East Zone Section 1

Andesite

Altered Sediment

Un-altered Sediment

K Feldspar Altered Diorite

Quartz Veins

Silica Replaced Rock

Dolerite Dyke

Foliated Quartz Sericite Pyrite Schist

Previous Drill Program Results

Current Drill Program Results

Planned Drill Holes

Drill Holes

Revised PEA Pit Outline

#

#

#

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100m


Indicated Resources Expanded Below Revised PEA Pit

Block Model: GSS East Zone Section 1

0.20 to 0.50g/t

0.50 to 1.00g/t

1.00 to 3.00g/t

+3.00/t

Indicated Resources

Inferred Resources

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GSDD017GSDD023

GSDD021GSDD028

0 50 100

Km

Intercepts

# m g/t Au

1a 6.0 2.38

1b 14.9 1.23

1c 88.0 1.80

2a 45.4 2.34

2b 30.5 1.42

3a 62.0 3.06

3b 42.8 1.98

4a 27.7 1.49

4b 30.0 1.26

4c 26.1 1.20

5 109.0 1.56

6 121.0 1.14

7 184.0 1.95

8 119.0 1.37

9 90.0 2.17

10 107.0 1.16

11 16.0 0.80

12 129.0 1.55

13a 143.0 1.84

13b 28.0 2.14

14a 112.0 1.61

14b 25.0 2.58

14c 19.4 2.09

15 98.0 2.09

16 44.0 1.16

17 44.8 2.87

18 62.0 1.67

1a

51b

1c

2a

2b3a

3b

4a

4b

4c

6

7

8

9

10

11

12

13a

13b

1516

18

14a

14b

14c

17

Geology: GSS East Zone Section 2

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Indicated Resources

Expanded Below Revised PEA Pit

Block Model: GSS East Zone Section 2

0.20 to 0.50g/t

0.50 to 1.00g/t

1.00 to 3.00g/t

+3.00/t

Indicated Resources

Inferred Resources

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Section

Original DrillOrientation

Revised DrillOrientation

Plan View of GSS East Zone

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GSRC727: 41m at 2.07g/t

GSRC727: 123m at 1.96g/t

GSRC728: 34m at 1.09g/t

GSRC728: 50m at 2.05g/tGSRC729: 27m at 1.87g/t

GSRC731: 12m at 8.36g/t

GSRC730: 34m at 1.97g/t

0.20 to 0.50 g/t

0.50 to 1.00 g/t

1.00 to 3.00 g/t

+3.00 g/t

Indicated Resources

Inferred Resources

Block Model and Assay Grades

GSRC732: 7m at 1.11g/tCore tail to come

Feasibility StudyOptimisation Shell

Hanging Wall Zone

East Zone

East Zone Section with New Hanging Wall Zone

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N

Wadi Doum

• Mineralisation remains open in all directions

• Significant high grades intersected

0.50 to 1.00g/t

1.00 to 3.00g/t

>3.00g/t

0.20 to 0.50g/t

Au Grades:

Wadi Doum Plan View

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Note: No top cut applied

13m at 13.88g/tIncl. 5m at 36.77g/t



61m at 1.12g/t




20m at 1.09g/tTop of Fresh Rock

Wadi Doum: High Grade Intercepts

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0.20 to 0.50g/t

0.50 to 1.00g/t

1.00 to 3.00g/t

+3.00/t

Indicated Resources

Inferred Resources100m


Block Model: Wadi Doum Section

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20 km

N

EG2.2: 3m at 8.73g/t

Area 3A: 20m at 9.90g/t

NE Target: 17m at 6.68g/t

Wadi Doum: Four distinct high-grade shoots with grade at or below the pit shell

GSRC691: 14m at 13.37g/t

GSRC542: 30m at 8.06g/t

GSRC615: 27m at 5.47g/t

MET004DD: 30.8m at 9.67g/t

Liseiwi: High-grade discovery in 2016

GSRC595: 24m at 3.89g/t

GSRC596: 10m at 15.32g/t

GSRC599: 8m at 12.80g/t

Resource

Prospect

GSS Main Zone Footwall Structure and 320 Zone Shoots:

MET007DD: 20m at 7.18g/t

GSRC001: 17m at 4.72g/t

GSRC082: 8m at 23.58g/t

GSRC003: 19m at 13.6g/t

GSRC081: 16m at 17.97g/t

GSRC183: 7m at 9.67g/t

Exploration UpsideHigh-Grade Targets

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Project TimelineMilestones and upcoming catalysts

2018 2019 2020

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

FS

Permitting

Construction

Block 14

CDI

ExplorationDevelopment

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Orca Acquires Côte d’Ivoire Property Portfolio from Kinross

5.5% of Orca Gold

2% NSR on CDI Properties

Kinross will own:

3 Exploration Permits

7 Applications

Total 2,890km2 MORONDO:

Orca drilling confirms discoverymade by Red Back in 2010

New Project Côte d’Ivoire

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COTE D’IVORE

Guinea

Ghana

Liberia

Atlantic Ocean

Mali Burkina Faso

Sissingue

Angovia/Yaoure

Bonikro

Afema

Chirano

Ahafo

Akyem

Morondo Permit

Tongon

Batie West

Obuasi

Tarkwa

Syama

Edikan

Orca Application

Korokaha South Application

Banfora

Bassawa Permit

Satama Application

Zuénoula Est ApplicationZuénoula Ouest Application

Nzema

Agbaou

Ity

Orca Application

Orca Application

Korokaha North Permit

0 100

km

N

Côte d’Ivoire A Strategic Land Package

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Côte d’Ivoire: Morondo

19m at 1.35g/t

32m at 1.23g/t

50m at 1.12g/t

5m at 1.15g/t

6m at 0.85g/t

94m at 1.12g/t

5m at 1.10g/t

3m at 0.96g/t

9m at 1.85g/t

6m at 0.71g/t

8m at 0.73g/t

13m at 0.93g/t

34m at 1.13g/t

48m at 1.62g/t

27m at 1.02g/t

36m at 1.39g/t

7m at 1.11g/t

30m at 1.00g/t

24m at 1.39g/t

6m at 0.57g/t

2017 Holewith Intercept

Red BackDrill Holes

Wide Zones of Mineralisation From Surface

200m

7m at 1.71g/t

6m at 0.80g/t

8m at 0.96g/t

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Exploration Upsidefrom Prospective

Portfolio of Projects

Developing in Stable and Robust Operating

Environments

Advancing a Leading Development Project

in Africa

Investment Summary

• Proven Management

• Strategic Shareholders

• Strong Balance Sheet

• FS due Q4 2018 for Block 14Gold Project in Sudan

• Fast-tracking Discoveryat Morondo in Côte d’Ivoire

• Strong Government Relations

• Stable Operating Environment

• Economic Sanctions Liftedas of Oct 12,2017

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Notes

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orcagold.com

TSX-V: ORG

THANK YOU!

2000-885 West Georgia St.Vancouver BC V6C 3E8

Elina Chow | Investor Relations

Catch Advisory Group Inc.

+1 416 645 0935 x 226

[email protected]

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