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Investors Presentation Exploration Discovery Value Creation North American Focused Drilling Advanced Stage Projects TSX-V: AVG October 2020

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Page 1: North American Focused - weare121.com...operations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social

Investors Presentation

Exploration

Discovery

Value Creation

North American FocusedDrilling Advanced Stage

Projects

TSX-V:AVG

October 2020

Page 2: North American Focused - weare121.com...operations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social

Forward Looking StatementsThis presentation (“Presentation”) contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Avidian Gold Corp. (“Avidian”). Forward-lookingstatements include estimates and statements that describe Avidian’s future plans, objectives or goals, including words to the effect that Avidian or its management expects a stated condition or result to occur. Forward-lookingstatements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events andconditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Avidian, Avidian provides no assurance that actual results will meetmanagement’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed orimplied by such forward-looking information. Forward looking information in this presentation includes, but is not limited to, Avidian’s objectives, goals or future plans, statements, exploration results, potential mineralization, Avidian’sportfolio, treasury, management team and enhanced capital markets profile, the proposed private placement, the timing of the Transaction, the estimation of mineral resources, exploration and mine development plans, timing of thecommencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, problems, expenses, difficulties,complications and delays frequently encountered in connection with the establishment of any business, failure or inability to complete the Transaction on the terms as proposed, failure to obtain the required approvals of regulators,failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory,environmental or other project approvals, political risks, unprofitable efforts resulting not only from the failure to discover mineral deposits but also from finding mineral deposits that, though present, are insufficient in quantity andquality to return a profit from production, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays inthe development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. There is no assurance that Avidian’s mineral explorationand development activities will result in any discoveries of commercial bodies of ore. Mining exploration requires ready access to mining equipment such as drills, and crews to operate that equipment. There can be no assurance thatsuch resources will be available to Avidian on a timely basis or at a reasonable cost. Unusual or infrequent weather phenomena, sabotage, or other interference in the maintenance or provision of infrastructure required for mineralexploration could adversely affect Avidian’s operations, financial condition and results of operations. The further development and exploration of Avidian’s projects depends upon Avidian’s ability to obtain financing through equityfinancing, joint ventures, debt financing, or other means. There is no assurance that Avidian will be successful in obtaining required financing as and when needed. There is no guarantee that Avidian’s title to such properties will not bechallenged or impugned or that the appropriate permits and approvals will be obtainable on reasonable terms or on a timely basis; the licenses will be renewed upon their expiry; and that Avidian will be able to explore its properties aspermitted or to enforce its rights with respect to its properties.

Although Avidian believes that the assumptions and factors used in preparing the forward-looking information in this presentation are reasonable, undue reliance should not be placed on such information, which only applies as of thedate of this Presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. Avidian disclaims any intention or obligation to update or revise any forward-looking information, whether as aresult of new information, future events or otherwise, other than as required by law.

NB: In March of 2020 The World Health Organization declared a global pandemic related to COVID-19. Its impact on global economies has been far-reaching and business around the world are being forced to cease or limitoperations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptionsto businesses worldwide, resulting in an economic slowdown. This has affected Avidian as to the timing of when it can commence with field activities at its various projects in a safe and prudent manner.

Notice to Canadian Residents

The Presentation is not, and under no circumstances are to be construed as, an advertisement or a public offering of the securities referred to herein. The Presentation is not an offer to sell securities of Avidian and is not a solicitationof offers to purchase these securities where the offer or sale is not permitted. No securities commission or similar authority in Canada has reviewed or in any way passed on the merits of the securities described herein and anyrepresentation to the contrary is an offence. No person has been authorized to give any information or to make any representation other than as provided for herein.

Notice to U.S. Persons

The Presentation is not, and under no circumstances are to be construed as, an advertisement or a public offering of the securities referred to herein. The Presentation is not an offer to sell any securities of Avidian and is not asolicitation of offers to purchase these securities where the offer or sale is not permitted. No securities commission or similar authority in United States has reviewed or in any way passed on the merits of the securities describedherein and any representation to the contrary is an offence. No person has been authorized to give any information or to make any representation other than as provided for herein. U.S. investors are advised that the terms “inferred”and “indicated” resources are recognized and required by Canadian regulations, however the U.S. SEC does not recognize the terms. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categorieswould ever be converted to reserves.

TSX-V: AVG 2

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3

(1)Warrants granted with exercise price ranging from $0.15 to $0.76

(2) Options granted with exercise price ranging from $0.15 to $0.60

Avidian Gold Went Public in Dec 2017

Ticker Symbol TSX-V: AVG

Issued and Outstanding Shares 122.2 M

Warrants Outstanding 31.5 M (1)

Options Outstanding 10.3 M (2)

Fully Diluted Outstanding 164.1 M

Management, Directors & Insider Ownership ~10 %

Eric Sprott - $2M - July 2020 ~16.4%

Crescat Capital LLP - $1.7M - August 2020 ~4.2 %

Cash on Hand ($USD) ~$2.0 M

Trading Volume since May 1 ~50 M shares or ~500 K /day

Market Cap (approximate) ~$30 M

TSX-V: AVG

Avidian Capitalization

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Veteran Team | Disciplined, Focused, Committed

David Anderson, BSc, PGeoChairman, CEO & Director

• 35+ years experience in mining sector in management and consulting roles• Founding shareholder in QGX Ltd. and Antares Gold which were sold for $910 MM to major mining companies

Steve Roebuck, BSc, PGeoPresident

• 25+ years experience in the mining and exploration industry including open-pit and underground mine operations• Capital market expertise including M&A strategies, junior financing (over $10 M), investor relations and marketing

Donna R. McLean, BACFO

• 25+ years experience; held the positions of CFO and Controller for several mineral exploration companies including Intrepid Mines, Metalla Royalty & Streaming (formerly Excalibur Resources), Firestone Ventures and Aurania Resources

Dr. Tom Setterfield, PhD, PGeoVP Exploration

• 35+ years international exploration experience and considered an expert in IOCG, epithermal Au and VMS deposit types• Co-founder and principal with GeoVector Management Inc and has acted as VP Exploration for public and private Co.’s

Dino Titaro, MSc, PGeoDirector

• 35+ years experience in exploration and mining operations• Co-discoverer of 2 major gold-copper and gold-sliver deposits totalling 8.4 million oz of Au and 1.4 billion pounds of Cu

Douglas Kirwin, MScDirector

• 45+ years experience and has held senior positions with Anglo American, Amax, Indochina Goldfields and Ivanhoe Mines• Involved in several major gold discoveries, including the Hugo Dummett deposit at Oyu Tolgoi in Mongolia

James Polson, MBADirector

• 20+ years in the mining service industry; former CEO of a Hong Kong based construction and mining services company• Awarded the Emerging Leaders award for Entrepreneurship from the IVEY School of Business in 2011

Alexander Davidson, MScTechnical Advisor

• Former Executive Vice President Exploration and Corporate Development for Barrick Gold; recipient of the Prospector of the Year Award (PDAC 2003), the A.O. Dufresne Exploration Achievement Award (CIM 2005)

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Alaska | Tier 1 Mining Jurisdiction• Stable mining regime with world-class

regulatory environment

• Ranked 4th by the Fraser Institute for Investment Attractiveness

• 80% of GDP from mining, oil & gas - 6 large producing mines

• Several new world-class deposits in permitting and feasibility stage

• 2nd largest gold producing state after Nevada

• Prolific Tintina Gold Belt has + 130 Moz Au in Resources & Reserves

• Over 40 Moz Au mined to date

• Avidian Gold owns three projects in Alaska;• Amanita • Amanita NE• Golden Zone

Amanita NE

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Fairbanks Mining District | Production & Exploration

Target Area 2020

Kinross Gold• Fort Knox poured its 8,000,000th ounce of

gold in October 2019• Over 5 Moz Au in reserves and resources @

0.3 to 0.4 g/t Au• Mill cut-off grade 0.3 g/t Au• Leach pad cut-off 0.1 g/t Au

• Mined True North deposit from 2000 to 2004• Gil deposit +0.5 Moz Au resource

• Last explored in ~2012 with new exploration beginning in 2020

Freegold Ventures• Golden Summit Property ~2.95 Moz Au

resources• May 6, 2020 announce drill results GSDL2001

– 188 m of 3.69 g/t Au• September 11, 2020 announce drill results

GSDL2002 – 136 m of 1.02 g/t Au 150 m East• Eric Sprott invests $26 M in 3 tranches

Placer Mining• Historical estimates over 8 million ounces of

gold mined – placer mining ongoing

Amanita NE

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Fairbanks Mining District | Amanita & Amanita NE Properties

Target Area 2020

Amanita & Amanita NE Properties

• July 2020 - Eric Sprott invests $2M in Avidian• Phase 1 - 2020 exploration budget of $1.2M• Excellent road access & infrastructure - year

round exploration possible• Operate from Fairbanks – no camp or

helicopters required

Amanita Property

• Now Drilling • Drilling below and on strike of excellent 2019

trenching results• Define high grade oxide gold 5.5 km south of

Fort Knox Mine

Amanita NE

• Exploration starts in 2021• Thought to share similar geology to adjacent

Gil Deposit• Lode gold exploration untapped• Placer gold mining potential is very real

Amanita NE

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Fairbanks Mining District | Amanita – Drilling Underway

Amanita – The Facts

• Intrusion Related Gold System, structurally controlled, sheared sheeted vein/stock work mineralization

• 2019 Trench results returned:• 94.5 m @ 3.04 g/t Au (uncut) 2.01 g/t Au (cut*),

including 22.5 m @ 11.51 g/t Au (uncut) 7.16 g/t Au (cut)

• 27.0 m @ 4.22 g/t Au (uncut) 3.41 g/t Au including 6.0 m @ 13.85 g/t Au (uncut) 10.20 g/t Au (cut*) (*20 g/t Au top cut)

• 30 of 39 historical RC holes intersected oxide mineralization – 6 w/ VG - all shallow <150m Intercepts include:• 22.86 m@ 1.01 g/t Au• 13.72 m @ 3.02 g/t Au• 12.19 m @ 2.28 g/t Au• 10.67 m@ 1.08 g/t Au• 4.57 m @ 11.49 g/t Au• 3.05 m @ 14.04 g/t Au

2020 Follow Up Target Area

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Fairbanks Mining District | Amanita – Drilling Underway

Amanita

• Budget – plus $1,000,000 USD

• LiDAR and drone mag survey – completed

• 10 drill holes – 2000 m to 2500 m planned

• 7 core holes completed so far – average depth 200 to 250 meters, -45 to -60 degrees

• Over 800 samples taken from core

• Approximately 1500 m of strike length drilled to date – structure NE to SW trending

• Using oriented drill core – aides in defining the structural controls of gold mineralization

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Amanita

Golden Zone

True North

Kinross Gold | Hub and Spoke – Satellite Deposits

True North Mine• Bought by Kinross circa 2000

• ~12 M tonnes @ 1.5 gpt Au• Four year mine life• Trucked 15 km to Fort Knox

• High-grade ‘sweetener’ for mill

Peak Gold Deposit• Sept 30, 2020 Kinross PR• Kinross agrees to pay $93.7M for 70% of Peak Gold Deposit to Royal

Gold & Cotango ORE• ~1.2 M Oz @ 6 gpt Au in M & I Resource• 4.5 year mine life• Plan to truck ore 400 km to Fort Knox

• High Grade ‘sweetener’ for mill • AISC of $750 / oz & capital cost of $110M

Amanita & Golden Zone owned by Avidian Gold• Currently drilling at Amanita around HG trenches & historic RC holes

• Only 5 km south of Fort Knox• Golden Zone project has NI 43-101 Indicated resource of 267K Oz

Au at 2 gpt Au with room to expand and multiple HG targets• Located 300 km south of Fairbanks• Highway #3 and Alaska Railroad only 6 km east of property

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In Alaska – Access to Infrastructure is Everything!

• Located halfway between Anchorage and Fairbanks and 16 km west of

the 345 Kv. Alaska Intertie power lines, paved State Highway 3 and the

Alaska Railroad

• Year-round site access via gravel road + airstrip and a permanent camp

• State of Alaska claims with an existing mining lease - 31 years

remaining

• The Breccia Pipe Deposit with a 2017 NI 43-101 Resource

• Indicated 4.2 Mt @ 1.99 g/t Au = 267,400 oz Au

• Inferred 1.35 Mt @ 0.83 g/t Au = 35,900 oz Au

• Room to expand resource

• Late Cretaceous, 68 Ma – Same rocks as all major gold deposits in the

Tintina Gold Belt

• 2020 LiDAR and drone mag survey – completed

11

Golden Zone Property | Multi-Million Ounce Targets

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Golden Zone Property | Breccia Pipe Deposit

CategoryDeposit

TypeTonnes

Au Ag

Grade (g/t)

Ozs Grade (g/t) Ozs

Indicated

Porphyry 1,811,000 0.89 52,200 3.2 186,300

Silica Breccia 369,000 0.93 11,100 8.64 102,500

Sulphide 2,007,000 3.17 204,300 17.19 1,109,000

TOTAL 4,187,000 1.99 267,400 10.38 1,397,800

Inferred

Porphyry 142,000 0.75 3,400 1.84 8,400

Shear Zone 1,216,000 0.83 32,600 2.65 103,400

TOTAL 1,353,000 0.83 35,900 2.56 111,400

Open–pit mining (3.6 strip ratio) and conventional milling and processing. Au mineralization appears free milling. Base metals not analyzed.Assay capping values : Porphyry- 20 g/t Au, Silica Breccia- 25 g/t Au, Sulphide Breccia- 35 g/t Au; Porphyry- 60 g/t Ag, Silica Breccia- 130 g/t Ag, Sulphide Breccia- 200 g/t Ag, Shear Zone- 40 g/t Ag.Blocks within a Whittle shell generated using a $1,350/oz gold price are classified as Inferred. Blocks outside of the floating cone are not classified.

The Breccia Pipe deposit is the anchor to any future discovery at Golden Zone

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13TSX-V: AVGNote: For Illustrative purposes only

Golden Zone Property | Breccia Pipe Deposit Highly Leveraged to Au Price

Base Case Parameters1. $1,350 Au Price2. $150 million Capital Cost3. $21/t Operating cost

Au Price

Resource

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Large Target Areas with Significant Au Mineralization

• District Scale – 125.25 sq. km – +15 km mineralized trend NE to SW

• New ground recently staked to the SW – 1975 hectares

• Breccia Pipe Deposit – 2017 NI 43-101 resources ~300 Koz Au and 1.5 Moz

Ag – open for resource expansion

• Minimal drilling below 200m depth and pipe margins – in particular to

the southwest and the BLT Shear

• Mayflower Extension Zone (MEZ), predominantly skarn/replacement

type mineralization, occurring over a strike length of 350 m to the NE

where it projects into a gold-in-soil anomaly.

• DDH GZ17-10: 21.6 m of 1.46 g/t Au

• DDH GZ18-03: 17.7 m of 2.12 g/t Au

• Copper King to S Long Creek: large skarn/replacement type mineralization

• New large scale gold targets discovered by recent prospecting include the

MJ, JJ & J4 Zones:

• JJ & J4 – estimated at 750 m by 450 m by 300 m and open at depth

• Assay results include: 6.14 g/t, 5.41 g/t, 3.83 g/t, 2.08 g/t Au

• Silver Kitty – 12 g/t Au grab sample 14

Golden Zone Property | Huge Exploration Potential

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Golden Zone Property | Mineralized Conglomerate

Au + Cu Mineralized Conglomeratic Unit

• Mineralized Conglomerate traced for at least 2 km

• Trench Sample: 3.0 m @ 16.08 g/t Au, 50.6 g/t Ag, 0.78% Cu

• Very favorable geological setting to build a large scale deposit

chalcopyrite-pyrrhotite-diopside? skarn.

Chalcopyrite replacing sericite altered conglomerate matrix

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Nevada | Humboldt Trend

Project Jungo

Ownership 100%

Claims / Size 235 claims (1,960 ha)

Target

5 km long gold-copper system with mineralization in a magmatic-hydrothermal environment between the Hycroft (25 MozAu) and Sleeper (7 Moz Au) deposits

Island arc, intrusion-related system with structurally controlled Au-Cu mineralization along NNE trending structures

Previous Drilling

4.3 m @ 1.7 g/t Au, 57.7 g/t Ag and 2.7% Cu

1.5 m @ 2.5 g/t Au, 71.6 g/t Ag and 0.7% Cu

12.2 m @ 1.3 g/t Au, 28.6 g/t Ag and 0.7% Cu

Jungo

Past & Present Au Producers▪ Carlin Trend: +100 Moz▪ Battle Mt/Eureka Trend: +50 Moz▪ Walker Lane Trend: 50 Moz

Drill Permits Submitted to BLM – Drilling in 2020

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Additional Value Creation | High Tide Resources

Labrador West Fe Ore Project

• Private Company majority controlled by Avidian Gold

• Option to earn 100% in the Labrador West Iron Ore property

• Located 20 km NE of the mining/processing centres of Wabush and Labrador City. Excellent infrastructure with rail access to deep water port

• World-class iron ore district with over 60 years of profitable operations; over 2 billion tonnes Fe produced – 4 operating mines

• Opportunity to be a first mover in a major iron ore mining camp and be drilling in 2020; no other exploration company is active in this camp

• Potential to build a large iron resource/reserve at Labrador West and surrounding areas

• Julienne Lake Deposit with 867 Mt @33.7% Fe Measured + Indicated and 299 Mt @34.1% Fe Inferred resources only 8 km away

• Use Alderon’s Kami model as a template – 15 km south of Labrador City with FS study updated in 2018 – market cap of +$500M before iron price collapse in 2014

• High-quality +65% Fe products (concentrate and pellets) are highly sought after and renewed interest in exploration will soon follow

• Go public - attract a major investor and develop/sell assets

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High Tide Resources | Drilling CompletedLabrador West Iron Ore Property

• September 2020 completed 4 hole 1000m Phase 1 verification drill program – logging and core cutting complete – samples already in the lab

• NI 43-101 technical report expected within 4 weeks

• Drilling targeted area within yellow outline + 200m thickness - potential of +1 billion tonnes of iron resource at approx. 28% - 30% Fe

• De-risked by Rio Tinto spending ~$5M on exploration and drilling between 2008 & 2014

• Current extent of mineralization is 1,800 m by 2,500 m and to a depth of up to 420 m (open): includes 279.7 m grading 29.7% Fe; hole bottomed in iron mineralization

• The mineralization is mainly hematite dominant with areas of increased goethite and local magnetite – similar mineralogy to the Labrador iron camp

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Check List - Why Invest in Avidian Gold? ✓ Strong Team • Experienced - Able to Execute – Significant Insider investment

✓ Stable & Safe Jurisdictions • Alaska, Nevada, Newfoundland & Labrador• Top rated mining jurisdictions by the C.D. Howe Institute

✓ Focused on Fairbanks, AK • Amanita & Amanita NE Projects• Both located beside Kinross Gold’s Fort Knox Mine and Gil Project• Helicopter LiDAR & drone magnetic survey completed• Core drilling underway at Amanita around 2019 HG Au trenches (incl. 94.5 m of 3.04 g/t Au)

✓ Golden Zone • 125.25 square km footprint – district scale property• +15 km strike length of mineralization – potential for multiple multi-million ounce Au deposits• Breccia Pipe – 2017 NI 43-101 - ~300 K oz Au deposit – room for ++ expansion• Fixed-wing LiDAR & drone magnetic survey completed

✓ High Tide Resources • Private company majority owned by Avidian – future spin out and share dividend• Beside Rio Tinto & IOC’s Carol Lake Mine in Labrador, NF• Access to all infrastructure; power, rail to deep water port, skilled work-force• Drilled August 2020 – results October 2020 - NI 43-101 report expected November

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Contact InformationSteve Roebuck, P.Geo

President+1 905 741 5458

Email: [email protected]

David Anderson, Chairman & CEO, DirectorEmail: [email protected]

Avidian Gold Corp.18 King St East, Suite 902

Toronto, OntarioCanada M5C 1C4

Tel: +1 647 259 1786Fax: +1 647 259 1785

e-mail: [email protected]

TSX-V: AVG

[email protected]

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Appendix | Comparison Between Fort Knox & Amanita

Operation Fort Knox (Kinross) Amanita

Contained Gold +8 Moz Gold Undetermined

Geology Gold in Cretaceous GraniteGold adjacent to or on top of interpreted buried granite at Tonsina Trend

Corridor Within Corridor of Two NE Structures Along Strike in Same Corridor

Mine Type Open pit mineKnown gold mineralization all in open pit-able setting

Host Rock Extensive Biotite Hornfels Aureole Extensive Biotite Hornfels Aureole

IndicatorGold occurs with Bismuthinite, Scheelite, Arsenopyrite and Quartz-feldspar Veins

Gold occurs with Bismuthinite, Scheelite, Arsenopyrite and Quartz-Feldspar Veins

Metallurgy Model shows inner Au-Bi, halo of Sb-As Soils show inner Au-Bi, halo of Sb-As

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➢ 4.5 km long Mineralized Trend that carries directly into the Fort Knox gold mine

➢ 30 of 39 historical RC holes intersected oxide mineralization – 6 w/ VG - all shallow <150m Intercepts include:

• 22.86 m@ 1.01 g/t Au

• 13.72 m @ 3.02 g/t Au

• 12.19 m @ 2.28 g/t Au

• 10.67 m@ 1.08 g/t Au

• 4.57 m @ 11.49 g/t Au

• 3.05 m @ 14.04 g/t Au

➢ Blaster analysis of historical trench vs historical drill chip samples indicates coarse gold lost in the RC holes

➢ 2019 Trench results returned:• 94.5 m @ 3.04 g/t Au (uncut) 2.01 g/t Au (cut*),

• including 22.5 m @ 11.51 g/t Au (uncut) 7.16 g/t Au (cut)

• 27.0 m @ 4.22 g/t Au (uncut) 3.41 g/t Au (cut*), • including 6.0 m @ 13.85 g/t Au (uncut) 10.20

g/t Au (cut*) (*20 g/t Au top cut)

Appendix | Amanita - Strong Au Mineralization

Historical Drill Collar

* Top cut to 20.0 g/t Au

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Appendix | Amanita - Cross-Section A-A’

Numerous +1.0 g/t Au Oxide Intercepts Only Tested to <150 m Depth

Looking NE

A A’

Series of Steeply Dipping Mineralized Zones

A A’

Looking NE

Open at depth

Note: Histogram Grades capped at 5 g/t Au

See Slide 12 for A – A’ Location

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Appendix | Intrusion Related Gold Systems

IRGS Deposit Types

Shallow level systems

• Breccia - veins

• Stockwork/disseminated with domes, sills, and dikes

Peripheral

• Skarn - replacement

• Veins and shear zones

Intrusion-hosted

• Sheeted +/- stockwork quartz veins

• Greisen-style, disseminated

“All 3 mineralization types found on the GZ property, potential for large multi-million Au deposit(s)”

SkarnReplacement Mineralization

Au-Ag-Cu-Zn-Pbeg. Banner

Conglomerate Replacement Mineralization

(Cu-Au-Ag)eg. Long

Creek

Stockwork/Porphyry Veins

(Cu-Au-Ag ± Mo) eg. Copper King

Mineralized Breccia plus Sheeted/Stockwork

Veins(Au-Ag-Cu ± Zn-Pb)

eg. Breccia Pipe

Shear Zone Veins(Au-Ag-Cu-Zn-Pb)

eg. BLT Zone

Distal VeinsAu – Ag – As - Bi

± Zn, Pb, Cueg. Riverside

IRGS Intrusion: feldspar-quartz porphyry

Porphyry/IRGS Intrusion:

quartz eye porphyry

Skarn Replacement Mineralization

(Cu-Au-Ag)eg. Copper King

Conglomerate Replacement Mineralization

(Au-Ag) eg. Mayflower Extension

Golden Zone Corridor Long Creek Corridor

Mineralization Model for the Golden Zone Property

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Appendix |

1. Mayflower Extension Zone (“MEZ”) ~ 350 m trend and open to NE

2. BLT Shear Zone~ 1.5 km of mineralization

3. Breccia Pipe Margins (below 150 m)

4. Monzodiorite hosting the Breccia Pipe Deposit

Golden Zone Property - Breccia Pipe & Area

MEZ

21.6 m @ 1.46 g/t Au

2.1 m @ 2.4 g/t Au

10.5 m @ 1.54 g/t Au

6.1 m @ 8.31 g/t Au (Trench)

GZ18-04

GZ18-02 & 03

GZ17-10 & 18-01

Breccia Pipe Deposit~ 300 Koz Au

17.7 m @ 2.12 g/t Au

17.7 m @ 1.04 g/t Au;incl. 3.0 m @ 2.6 g/t Au

107.3 m @ 4.76 g/t Au

21.6 m @ 1.66 g/t Au;incl. 3.6 @ 5.53 g/t Au

Resource Expansion Potential

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Appendix | Detailed Property Information ➢ Golden Zone (agreement to purchase 100%), Alaska

▪ 125.25 sq km. (125.25)

▪ Avidian owns 29.4% of the property with a purchase agreement to acquire the balance of 70.6% for US $875,000 in cash ($475K paid to date) & US

$1,125,000 of stock ($650K paid to date) over a 7 year period (to 2023), plus a work commitment of US $2,000,000 over 5 years, with minimum

expenditures of US $200,000/yr (full commitment already completed)

▪ 3% NSR of which 1.4% can be bought out for US $1,400,000 at Avidian’s option and an additional 1.6% for US $1,600,000 at vendors’ option on 59.9 sq

km and 1% NSR on 12 sq km.

▪ Holding Cost of approx. US$ 65,000 per year (lease and claims rentals cost)

➢ Amanita (option to 100%), Alaska

▪ (14.6 sq km), 3% NSR that can be bought for US $1 million per % point

▪ Lease payments totaling US $1,235,000 spread out over 15 years (starts at $15,000 in 2016, $25,000 in 2017, $30,000 in 2018 and escalates $10,000

per year to the 15th year) with a US $3 million buyout.

▪ Holding Cost/land fees of approx. US $25,000 per year

➢ Amanita NE (100%), Alaska

▪ 4.8 sq km, 1% NSR plus 0.2% NSR on Amanita Property

▪ Holding Cost/land fees of approx. US $10,000 per year

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Appendix | Detailed Property Information ➢ Jungo (100%), Nevada

▪ 235 Claims (19.6 sq km): NSR:2% NSR on 35 Claims

▪ Holding Cost/land fees of approx. US $40,000 per year

➢ Labrador West Fe Ore Property, Labrador - Held By PriviateCo Hide Tide Resources Inc (Avidian owns approx. 60%)

▪ 25.775 sq km

▪ 100% option from Altius Minerals Corp to High Tide Resources Corp. ("PrivateCo")

▪ Minimum work expenditures of $2.0 million by Dec 2021

▪ Altius retains 19.9% of the equity of the Pubco post-IPO (or RTO) issued concurrently with public listing and a pro-rata participation right to

maintain 19.9%

▪ Public listing to occur within 24 months of closing with an IPO cash threshold of at least $5 M less any exploration expenditures incurred on the

project by listing date

▪ Altius retains a 2.75% GSR

▪ Altius has right to assign a board member to Pubco and maintain pro-rata share of any future financing as long as Altius interest is >10%

▪ Altius to provide support on the acquisition of additional lands, exploration programs, permitting, community relations, etc.