Signature Resources Ltd

1

Initial Resource Targeted Q2/2022

Winter 2022

Signature Resources Ltd.

TSXV: SGU

OTCQB: SGGTF

FSE: 3S3

FORWARD LOOKING STATEMENTS

The materials contained herein are for informational purposes only. This is not considered an offer or solicitation to sell securities in any company in any manner.

Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of the Securities Act (Ontario). Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different any future results, performance or achievements expressed or implied by such forward looking statements. There may be factors that involve risk and uncertainty that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on forward-looking statements.

To the investor. The technical information reported herein is in part historic in nature and was disclosed and recorded prior tothe implementation of National Instrument 43-101 Rules and Policies, defining disclosure of scientific and technical information. The information has been verified and scrutinized to the extent that can be determined through a review and compilation of archival records, whether obtained from the public domain or from private sources. The technical information has been deemed to have been acquired, recorded and analyzed to acceptable industry standards at the time it was acquired. There is no reason to doubt the veracity of this information, however, confirmation of grades and mineralized extent has not been performed. The technical information contained in this presentation has been reviewed by Walter Hanych P.Geo, the Company’s CEO and President and a Qualified Person as defined in National Instrument 43-101.

The Company refers to a historical resource estimate of 234,648 ounces. This historical estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with currentCIM categories. The Company is not treating the historical estimate as a current NI 43-101-compliant mineral resource estimate. Accordingly, this historical estimate should not be relied upon. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, “TechnicalReport on the Lingman Lake Property” dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company’s SEDAR profile at www.sedar.com

about:blank

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✓ High-Quality Management and Asset in a Tier-One Jurisdiction

▪ Ex. Barrick/Yamana management

▪ Prolific Red Lake District in Ontario, Canada

▪ 100% owned high-grade gold discovery

✓ Huge Land Package with High Regional Gold Discovery Potential

▪ 27,113 hectares covering 90% of the entire Lingman Lake Greenstone Belt

▪ Over 14 recently identified high potential targets

✓ Optimized growth strategy for accelerated value to shareholders:

1) Step 1: Accelerated Initial NI 43-101 resource estimate to Q2/22 (from Q4 2022) to illustrate and establish the project’s true scale potential and accelerate the associated value to shareholders

2) Step 2: Initiate in late Q2/early Q3 a 20-30 km diamond drilling campaign focused primarily on expanding and infilling the pending resource. In addition, drilling will test strike extensions and new zone targets in the immediate area of Lingman Lake.

✓ Advancing regional growth prospects with over 14 high-potential targets identified:

▪ Airborne geophysics and LIDAR completed in 2021 on the complete 100% owned land package covering 90% of the entire Lingman Lake Greenstone belt

▪ Highly favorable geologic conditions for the possibility of multiple gold discoveries

▪ 2022 ground surveying and test drilling of the highest-ranking targets for new gold discoveries

Executive Summary

Established Project with the

Right Team

Two-Step Value Growth

and Delivery Strategy

Unlocking Vast Regional

“District-Level” Potential

TSXV: SGU

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2022 Value Growth Plan

Lingman Lake

Gold Deposit

Growth

Regional

Exploration

Growth

How it Should

Translate to

Shareholder

Value

• Accelerated initial NI 43-101 resource estimate for Q2/22

• Positioning for targeted follow-up diamond drilling in Q2/Q3

• Upcoming work on the deposit will focus on further infill and extension drilling to continue advancing the resource

• Unlocking Vast Regional “District-Level” Potential:

• Over 14 high-potential targets identified

• Surface mapping/sampling + Geophysics leading to start test-drilling top-ranked targets in Q3

• By publishing an initial resource, we are aiming to demonstrate to the

market the size potential at Lingman Lake

• Management aiming to re-rate the valuation to allow for the market to fund the next level of resource growth potential through the drill bit

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Stock About to Assess Size Potential at Lingman Lake

Q2/22 Initial Resource to Allow the Market to Enter into the Speculation Phase

Source: Visual Capitalist

We Are

Here

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Highly Experienced Management with Complete Cross-Functional Team Coverage

Company Operations & Corporate Oversight

•Robert Vallis

•Rickardo Welyhorsky

•B.O.D / Advisory Board

Geology

•Walter Hanych

•Elizabeth Vida

•John Hayes

•Dr. Scott Jobin-Bevans

•John Leliever

•Nordmin

Technical/Engineering


•Robert Vallis

•Nordmin

•Actlabs

Capital Markets, Strategy & Finance

•Robert Vallis

•Paolo Lostritto

•Donna McLean

•Lisa Davis

•John Hayes

•Dan Denbow

•Vrify Platform

Site Development, Operation & Optimization


•Robert Vallis

•John Leliever

•Walter Hanych

•John Hayes

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Near Monument Bay, Musselwhite and Red Lake

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Power & Roads UnderwayProvincial Governments have started the second phase infrastructure construction to complete year-round road to Red Sucker Lake and Sachigo Lake. Power line exists to Red Sucker Lake and soon to Sachigo Lake.

https://www.wataypower.ca/

Phase 2 – Proposed Design to Sachigo Lake (Purple)

✓ The Project is the construction, operation, maintenance and retirement of approximately 1,630 km of a 115kV, 44kV, 25kV alternating current transmission system, located north of Red Lake and Pickle Lake, to connect to 17 remote First Nation communities. Phase 2 includes the following main components:

✓ Overhead 115kV and 44kV transmission lines for two subsystems, north of Pickle Lake and Red Lake, and associated components that will be located within a 2 km wide corridor. An approximate 40m-wide transmission line alignment right of way will be cleared within the 2 km wide corridor. The transmission line structures and associated conductors and anchors will be installed within the approximate 40m wide transmission line alignment right of way to the extent practical.

✓ Access Roads will be constructed and or improved to provide access to the transmission line and approximate 40 m wide alignment right of way during construction and operation of the facility.

✓ Wherever possible, the new transmission lines and construction access roads will be constructed along the paths of existing all-season roads, or the paths of future all-season roads as identified by the First Nation Communities.

Lingman Lake Gold Project is ~40

km from Sachigo Lake First Nations and ~50 km from Red Sucker Lake First Nations (in Manitoba)

https://www.wataypower.ca/

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Large Contiguous Land Package

Over 30km long covering 90% of the prospective Greenstone Belt

3% NSR’s on original claims with the rest of the ground being royalty free*

• NSR is with vendor who sold three properties to Signature – 1.5% NSR on each property can purchase back for $1.5 million each

• Newly staked claims are royalty free

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Vast Regional Discovery Potential and Growth Prospects• Property-wide LIDAR and Geophysical surveys completed in 2021

• Over 14 high potential, high priority targets discovered so far

• Major Potential Exists for New Regional Discoveries – Top target test drilling in summer 2022

Lingman Lake Project

Site

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2021 Q3 – Q1 2022: Top 3 Target identification and priority ranking

2022 Q2-Q3: Ground Geophysical Surveys on top targets

2022 Q2-Q4: Drill Target Identification and Test Drilling (To be determined by target data results)

2022 Q3: Top target Geological surface mapping and sampling programs

2022 Regional Exploration Planned Timelines

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Lingman Lake 2022 –Rapid Resource Expansion• Focused expansion of current gold ounces

• Strike extension and new target test drilling targeting significant scale increase

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>28 km drilling completed; extensive gold mineralization discovered; open in all directions

Drilled depth of

gold discovery

Post-Mineralization Diabase Dike

Drill hole traces

Historical UG

Workings

(Decommissioned)

/ High Grade Bulk

Sampling

• Accelerated initial NI 43-101 resource estimate due Q2/22

• Extensive expansion drilling planned for H2/22

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High Grade Gold Drill Results

Drilled depth of

gold discovery


Drill hole traces

Historical UG

Workings

(Decommissioned)

/ High Grade Bulk

Sampling

• High-Grade gold pervasive across the entire gold mineralization envelope

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Depth Extension Drilling Initiated

Drilled depth of

gold discovery


• Recently completed High Grade drill results extending gold mineralization to depth

• Resource infill + Depth/Strike extension/new target drilling to commence in 2022

Working Geologic

Model Shown

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Improved Understanding of Geologic Model• Simplified section highlighting gold bearing zones to quartz feldspar porphyry

• Recent compilation data now suggesting a more extensive gold system exists then

previously contemplated between and surrounding the historic gold zones

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Upcoming Catalysts

Transformational 2022

On Schedule for H1 2022

✓ Conduct re-evaluation of data compilation completed early 2022

✓ Initiate accelerated development of an initial NI 43-101 resource estimate for Q2/22

❑ Release initial NI 43-101 resource estimate

❑ Complete camp re-start and contract drill mobilization

❑ Resume drilling at the Lingman Lake gold project to rapidly expand gold resources and test strike extension and new zone targets

❑ Advance regional exploration on new high-potential targets and complete test drilling of top priority targets

Targeted Goal for 2023

❑ NI 43-101 resource update

✓ Completed drill camp setup

✓ Completed ~3,200 m winter/spring drill program; expanded on high-grade west zone

✓ Expanded 100% owned land claims package

✓ Secured ~$5.5 million in funding to advance the summer and fall activities

✓ Added additional management with COO and new CFO

✓ Improved and diversified Board independence and governance (Majority independent)

✓ Updated Advisory board

✓ Completed airborne LIDAR and geophysical surveys to advance regional drill target identification for locating additional regional mineral discoveries

✓ Completed detailed 3D IP and Magnetic surveys at the Lingman Lake Deposit (to refine drill targeting and resource expansion)

✓ Acquired second drill rig and expanded camp infrastructure to support expanded drill campaigns

✓ Completed an additional 3,000 metres of diamond drilling targeting expansion and some infill on the east side of Lingman Lake

✓ Completed compilation of new and historic exploration data

2021 Goals Achieved

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Pie chart represents managements best estimate as daily trading may influence percentages.

Capital Structure & Share Price

As of February 23, 2021

Common shares – 237,060,527

Warrants – 49,757,479

Options – 21,625,000

Fully-diluted shares – 314,211,086

Warrants have a weighted average exercise price of C$0.141

Market Capitalization (Basic): ~CAD$17 million

Cash**: CAD$0.3 million

Debt: CAD$0 million

Enterprise Value: ~CAD$16.7 million

**Upsized up to CAD$2 mm financing announced Feb.25, 2022 at $0.06 HD and $0.07 FT units

Shareholder-approved option for up to a 5:1 rollback

Management

9%

Founders

4%

Institutional/Retail/Other

87%

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Robert Vallis, P.Eng, MBA, Director, President & CEO, is a mining executive with a wide breadth of business and technical experience

across multiple areas including corporate development, strategy and planning, business/transaction development and execution,

project and team management, financial evaluations, enterprise continuous improvement and mine Engineering/operations. Mr. Vallis

most recently was the SVP Corporate Development with Golden Star Resources. Before this, Mr. Vallis was with Yamana Gold as a

Business Development executive for nearly nine years working on transactions such as the C$3.9 Billion joint acquisition of Osisko for 50%

of Canada’s largest operating gold mine, and the US$395 Million acquisition of Extorre Gold Mines Ltd. for Cerro Morro(now Yamana’s

highest grade operating mine). Prior to Yamana, Mr. Vallis was with Barrick Gold for 15 years in multiple global jurisdictions and roles

spanning from global Evaluations & Corporate Development, Capital Projects, Mine Engineering & operations, and global Continuous

Improvement. Most notably, Mr. Vallis worked on the successful US$10.4 Billion acquisition of Placer Dome, a transformative deal for

Barrick and one of Canada’s largest mining M&A transactions. Mr. Vallis holds a Bachelor of Engineering degree with Dalhousie University

in Mine Engineering, a Master of Business Administration degree with the University of Toronto’s Rotman School of Management and is a

registered Professional Engineer in the Province of Ontario.

Donna Mclean, CFO is an accomplished executive with over 30 years of financial reporting and corporate administration. Ms. McLeanhas served as Chief Financial Officer and Controller for numerous publicly traded and private companies including a number of mineralexploration companies. She serves as Manager, Accounting Services with Grove Corporate Services Ltd. (www.grovecorp.ca) thatprovides governance, accounting and administrative services to small-cap public and private companies in Canada. Ms. McLean alsoserves as Chief Financial Officer for Unigold Inc., Firestone Ventures Inc. and Avidian Gold Corp.

Rickardo Welyhorsky P. Eng, COO is a registered Professional Metallurgical Engineer with over 28 years of experience spanning all levelsof project development and operations in the mining and metals industry. He brings to Signature’s advisory board a wealth of industryexperience in various roles globally including with Yamana Gold, Detour Gold, Barrick Gold, and AMEC. Mr. Welyhorsky has held key rolesin the study and development of many world-class gold mining operations including Yamana Gold’s Cerro Moro mine and Detour Gold.Mr. Welyhorsky has also held management positions at several Canadian open pit and underground operations and was most recentlyMine General Manager at the Pure Gold Mine in Red Lake, Ontario, Canada where he was successful at taking the project intooperations.

Walter Hanych, P.Geo. HEAD GEOLOGIST is a Professional Geologist registered in Ontario and has over 40 years of experience in theexploration industry from grass-roots projects to advanced mine feasibility projects, including corporate structure and financing. Mr.Hanych has a broad range of mineral exploration experience in; gold, base metal, nickel, uranium, PGE, and industrial mineralexploration throughout Canada and internationally. Mr. Hanych has worked or consulted for major and junior companies, includingINCO, Falconbridge Nickel, and Copper Fox Metals. Mr. Hanych was involved with the team that initially recognized, the Cote Lakedeposit (Iamgold Corporation) as a gold mineralized brecciated intrusive system. Mr. Hanych holds an Honours Bachelor of ScienceDegree in geology, (1978), from Laurentian University. He is a member of the Professional Geoscientists of Ontario and the Society ofEconomic Geologists.

Management

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Paolo Lostritto, P.Eng. Chairman of the Board

Paolo Lostritto has an extensive background in mining capital markets and working with companies across the globe since 1997 as

they advance their projects through exploration, development, and production. Mr. Lostritto is currently serving on the Board of Blue

Thunder Mining Corporation, which is focused on gold exploration in Quebec near the recently discovered Nelligan deposit. Paolo is

a cofounder and board member of Interstellar Mining Inc which is focused on leveraging a leading Canadian space mining robotics

group (Deltion Innovations Ltd.) along with Watts, Griffis, and McOuat Ltd.’s space mining group to develop and produce energy

commercially for the rapidly growing space industry. Over his career, Mr. Lostritto was a Director of the Mining Equity Research at

National Bank Financial and worked in equity research at Wellington West, Scotia Capital and TD Securities. He served as an

Independent Director at Savary Gold Corp. which was sold to SEMAFO in 2019. Mr. Lostritto holds a Bachelor of Applied Science in

Geological and Mineral Engineering in Rock Mechanics from the University of Toronto and he is a registered Professional Engineer in

the Province of Ontario.

Robert Vallis, P.Eng., MBA, Director, President & CEO

Stephen Timms, Director, has enjoyed a successful career of over 25-years at IBM Canada. During his career at IBM, Mr. Timms has

gained significant broad-based functional expertise in operations, business transformation, change management and finance. In his

career with IBM, Mr. Timms has participated in numerous executive, management and leadership development courses developing

his analytical skill as an innovative problem solver. He is an experienced investor in the junior mining sector. Mr. Timms holds a 4-year

Bachelor of Commerce degree from the University of Toronto.

Lisa Davis, Director brings to Signature’s board significant perspective from the industry as the Chief Executive Officer of Peartree

Securities Inc., a boutique financing and advisory firm focused on the junior Canadian resource sector. Drawing on the in-depth

knowledge of securities regulation gained in part while on secondment to the Ontario Securities Commission Lisa is also responsible for

the legal and compliance aspects of the firm's business as well as for PearTree Financial Services Ltd., the originator and leading

provider of flow through donation financing services in Canada. Prior to joining Peartree, Lisa was General Counsel for a specialized

investment fund business with more than $3B in assets under administration. A graduate of Osgoode Hall Law School, Lisa was a

partner at Fraser Milner Casgrain LLP (currently Dentons) where she specialized in corporate and securities law. Lisa has earned the

ICD.D designation from the Institute of Corporate Directors and has served as a Director of the Prospectors & Developers Association

of Canada (PDAC) as well as a member of the PDAC’s Executive Committee and co-chair of the Finance & Taxation Committee of

the PDAC.

Board of Directors

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John Hayes M.Sc., MBA, P.Geo, Director, is a professional geologist with over 20 years of exploration, and many years of capital

markets experience. John worked for ten years in mining equity research at BMO Capital Markets and at the time of his retirement in

2014 was a managing director covering global precious and base metal companies as they advanced projects from exploration to

production. Most recently, Mr. Hayes served in senior roles at Pretium Resources and Osisko Mining. He is currently a Director and

Chairman of Maritime Resources Corp. John graduated from Memorial University of Newfoundland with an Honours Bachelor of

Science in Geology (1989) and a Master of Science in Geology (1997). He also holds an MBA from Dalhousie University (2003) and is a

member (P. Geo.) of the Professional Engineers and Geoscientists Newfoundland and Labrador.

Dan Denbow, CFA, Director, has spent over 28 years in the capital markets with his most recent experience associated with USAAInvestment Management Company. As a portfolio manager for USAA Mr. Denbow was responsible for managing over US$4 billion inthree strategies; a domestic dividend and global dividend strategy and the USAA Precious Metals and Minerals Fund. Dan and histeam have received eight Lipper Fund awards, six Lipper Fund Achievement certificates, a TopGun Investment Mind award in 2018from Brendan Wood International, and the USAA Precious Metals Fund was named the “Fund of the Decade” for the ten-year periodending 2009. The USAA Precious Metals and Minerals Fund focused on selection of gold mining securities with a relative value rankingadjusting for risk based on factors including asset quality, management quality, and balance sheet quality. Dan holds an MBA fromTexas Christian University, Neeley School of Business and is a CFA charter holder.

Board of Directors (Cont.)

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John Leliever, FOUNDER & CONSULTANT, is the founder of Signature Resources and is a third generation “Prospector” mineral

explorationist with over 40 years’ experience in the industry. In the past, he has worked in the remote wilderness of Canada servicing

the industry through his contracting companies specializing in surface exploration development to include owning and operating

diamond drill rigs. For the last 12-years he has been directly involved in corporate development of exploration stage private and

public companies. Mr. Leliever has been responsible for discoveries resulting in significant property acquisitions, including involvement

in the now famous Cote Lake acquired by IAMGOLD and Trelawney Mining in consolidating a portion of the lands and NSR’s. Mr.

Leliever’s extensive knowledge of the exploration logistics and planning, particularly with remote locations and his corporate

background have been the key to his success.

Dr. Scott Jobin-Bevans, PhD, P.Geo, Advisor, has more than 25 years in worldwide mineral exploration and has public company

experience as a director, officer and technical advisor. Scott is currently Co-Founder, Chairman and CEO of Caracle Creek

International Consulting. He has expertise in project evaluation and in leading multi-million dollar projects from generative stage

through advanced exploration and into development. Dr. Jobin-Bevans is an advisor and member of the board of directors for a

number of public and private companies and held the volunteer position of President (2010-2012) of the Prospectors and Developers

Association of Canada.

Priya Patil, Advisor, has more than 20 years’ experience in building and leading businesses in mining and financial services in Canada,

the U.S. and India. Priya has held strategy, corporate development and governance roles. She served as General Counsel of a multi-

mine zinc/copper producer operating in multiple countries; Global Head of Diversified Industries at Toronto Stock Exchange;

Managing Director and Head of Investment of Banking at two national investment banks and as an attorney in Canada and Palo

Alto, California. Priya serves and has served as a director and Audit/Compensation Committee Chair of public natural resources

companies listed on the TSX and the AIM Exchange of the LSE. Priya was chosen as a Canada Board Diversity Council – 2017 Diversity

50 Honoree. Priya is passionate about education and economic development. Priya is a member of the California and Ontario bars;

holds her J.D. and B.Sc. (Statistics and Computer Sciences) and earned her ICD.D charter from Rotman School of Management.

Advisors

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North American Projects Trade at a Premium

Assets in North America Trade @ EV/oz Au of ~C$104/oz

Source: S&P Capital IQ

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High-Grade Highlights

2018 DRILLING HIGHLIGHTS

ZONE WIDTH AND OVERALL GRADE

Hole 18-01 West Zone 9.5 metres @ 12.15 g/t Au

Hole 18-02 West Zone 5.0 metres @ 13.65 g/t Au

Hole 18-05 North

Zone8.0 metres @ 17.87 g/t Au

Hole 18-03 North


Hole 18-09 Central

Zone “A”9.0 metres @ 6.55 g/t Au

Hole 18-09 Central

Zone “B”4.0 metres @ 4.27 g/t Au

Hole 18-09 South


Hole 18-10 South


• Historical results were generated within an area of 700 metres length x 300 metres wide x 180 metres deep and open.

• A deep test hole below the main deposit intersected a 1.5-metre section of 325 g/t at vertical 240 metres.

• 1940’s underground bulk sampling of three, 500 lb (227 kg) samples returned grades of 18.7 g/t, 22.1 g/t and 9.5 g/t of gold, respectively.

• A fourth, 500 lb bulk sample composite, comprised of muck from all three zones averaged 19.0 g/t gold.

• A vertical raise from the 275’ level to the 150’ level returns an average grade of 28 g/t over the full 100 ft (30 m).

Exceptional Grades in Historic Drilling, Bulk Sampling and Vertical Raise

Colours above correspond with the Vrify zone colour code

25

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Signature Resources Ltd