Opus One Gold Corporation · TSXV:OOR

Opus One Gold — Investor Presentation (November 2021)

61 slides from Opus One Gold's investor presentation, November 2021

  1. Slide 1: Corporate Presentation

    CORPORATE PRESENTATION NOVEMBER 2021 Private and Confidential | 0

  2. Slide 2: Forward-looking statements

    TSX-V: OOR This presentation contains certain “forward-looking statements”, including, but not limited to, statements regarding the Company’s strategic plans, timetables, the evolution of mineral reserves and resources, mine operating costs, capital expenditures, work programs, development plans, ex

  3. Slide 3: Investment highlights

    • Experience Highly experienced management and exploration team • Québec Extensive portfolio of high quality exploration properties located in Quebec. FIVE properties qualify to Quebec’s Plan North program • Location All properties strategically located in proven prospective gold districts, near kno

  4. Slide 4: Opus One Gold Properties

    OPUS ONE GOLD PROPERTIES { VEZZA NORTH [NOYELL VEZZA EXTENTION OPUS gon PROJETS - PROJECTS LOCATION - LOCALISATION Sedimentary and Greenstone Belts - Ceintures de roches vertes et sédimentaires 2020-07 Québec Dumont-Nickel co ”Améri Authier twood ~) oe baRonde O'Brien = Canadian ' Malartic Goldex ca

  5. Slide 5: 2021 highlights

    • Completion of a 5,104 m winter 2021 drilling program on Noyell with significant success following up on 2020 spectacular drilling results • Definition and extension of Zone 1 on Noyell • Opus One now controls 25 km of strike along two highly favorable deformation corridors: Casa Berardi and Douay-

  6. Slide 6: Casa-Bérardi-Douay-Cameron Area

    CASA-BÉRARDI-DOUAY-CAMERON AREA 5 Private and Confidential | 5

  7. Slide 7: Private and Confidential | 6

    6 Private and Confidential | 6

  8. Slide 8: Noyell and Vezza projects and adjacent properties

    S| e? NOYELL and VEZZA' EN OM 3 Zone Hecla Quest 2.1 gitAu/8.5 mincl. 4.5 g/tAu/3.4m 1.9 git Au/3.1 mincl. 11.0 g/tAu/0.3 m pa Serem: Zone Est 1.4 g/t Au / 36.1 mincl. 11.0 git Au/ 4.0m Kode Mineral ! Exploration \ s, ———~porval- Jemennn Zone Vezza A - Quest 4.5 gitAu/ 11.0 mincl. 6.9 gitAu/7.0 m \

  9. Slide 9: Vezza North and Extension

    • Easy road access; proximity to Matagami. • Proximity to a currently producing gold mine (Vezza); important land package west of the Vezza Mine. • Significant gold grades encountered in past exploration programs. • Vezza-Extension is direct extension of Vezza deposit at ±3Km; Straddle the Douay Cam

  10. Slide 10: Vezza North drilling

    • 6 diamond drill holes totaling 1,347m. No drilling done along the Vezza Mine Horizon • VZ-01= Targeting AGE 2016 IP survey anomaly in the Eastern part of Vezza North property of the property; NSV • VZ-02= Follow up 50m below Hecla West showing; 12.9g/t Au over 0.5m open laterally and at depth. • V

  11. Slide 11: Private and Confidential | 10

    Private and Confidential | 10

  12. Slide 12: Private and Confidential | 11

    Private and Confidential | 11

  13. Slide 13: Private and Confidential | 12

    Private and Confidential | 12

  14. Slide 14: Private and Confidential | 13

    Private and Confidential | 13

  15. Slide 15: Noyell Property

    NOYELL PROPERTY Private and Confidential | 14

  16. Slide 16: Noyell Property

    NOYELL PROPERTY 2020-2021 drilling area Private and Confidential | 15

  17. Slide 17: Private and Confidential | 16

    Private and Confidential | 16

  18. Slide 18: Zone 1

    Zone 1 NO-88-40: 5.2 G/T Au over 0.4 m NO-20-02: 3.54 g/t Au over 11.2 m Including: 7.96 g/t Au over 3.7 m 1.32 g/t Au/1.2 m 17 Private and Confidential | 17

  19. Slide 19: Zone 1 Intercepts

    DDH From To g/t Au Lenght m Met. Factor 88-27 103,5 105,3 0,71 1,8 1,3 88-28 237,8 238,4 0,45 0,6 0,3 88-38 136,8 138,5 3,13 1,7 5,3 88-39 140,4 144,8 5,01 4,4 22 88-40 249 249,4 5,2 0,4 2,1 94-02 259,22 261,57 3,84 2,35 9 94-14 232,9 235,55 3,28 2,65 8,7 94-16 188,95 190,7 1,59 1,75 2,8 95-17 282,5

  20. Slide 20: Longitudinal Section – Metal Factor, Zone 1

    2950 m 2900 m 2850 m 2800 m 2750m 2700 m 2650 m 2600 m NO88-27: 1.3 @ © 94-16: 2.8 © Noss-28: 0.3 NO88-40: 2.1 © NO-21-01:00 © NO2007-07: 0.3 © NO2007-05: 3.5 NO-21-02: 1.2 NO-21-06; 29.1 NO-21-08: 0.4 NO21-07: 4.8 2950 m 2900 m 2850 m 2800 m 2650 m 2600 m Longitudinal Section — Metal Factor METAL F

  21. Slide 21: Longitudinal Section – Zone 1 Drilling Campaign 2021-2022

    2950 m y NO88-27:1.3 © NO88-23: 9 2900 m 2850 m 2800 m 02007-14:13.3 - = of 2750 m 1131 ~~ 2 ° ° © 1131-95-18:4.46 a 2700 m 2650 m, ° 1131-97-25:3.4@ 2600 m 2550m ° ° NO-21-04: 16.5 ° ° O-21-12:15.1 = oo NO21-07:4.8 ° ° ° ° ° ° ° VOO"SI. on. ° ° ° © 94-16:2.8 © Noss-28:0.3 NO88-40: 2.1 mpdeas © NO20

  22. Slide 22: Noyell vs Vezza

    NO2007-11: 10.9 Noyell vs Vezza

  23. Slide 23: Noyell vs Perron (Amex)

    NO2007-11: 10.9 Noyell vs Perron (Amex) Approx. same scale

  24. Slide 24: Noyell vs Patwon (Azimut)

    NO2007-11: 10.9 Noyell vs Patwon (Azimut) Approx. same scale

  25. Slide 25: Noyell vs Regnaud (Kenorland)

    NO2007-11: 10.9 Noyell vs Regnaud (Kenorland) Approx. same scale

  26. Slide 26: Noyell vs Casa Bérardi Est (Hecla)

    NO2007-11: 10.9 Noyell vs Casa Bérardi Est (Hecla) Approx. same scale

  27. Slide 27: Noyell vs Chimo (Res. Cartier)

    NO2007-11: 10.9 Noyell vs Chimo (corridor Central) (Res. Cartier) Approx. same scale

  28. Slide 28: Noyell vs Lapa (Agnico Eagle)

    NO2007-11: 10.9 Noyell vs Lapa (Agnico Eagle, 872,000 oz Au) Approx. same scale

  29. Slide 29: Noyell vs Lapa (Agnico Eagle)

    Noyell vs Lapa (Agnico Eagle, 872,000 oz Au) Approx. same scale

  30. Slide 30: Noyell vs Francoeur

    Noyell vs Francoeur Approx. same scale

  31. Slide 31: Noyell vs O'Brien

    NO2007-11: 10.9 Noyell vs O’Brien Approx. same scale

  32. Slide 32: Noyell vs Marban (O3)

    NO2007-11: 10.9 Noyell vs Marban (O3) Approx. same scale

  33. Slide 33: N20-01 – Zone 1

    N20-01 – ZONE 1 374.6 @ 375.8 m : 6.76 g/t Au over 1.2m 374.6 @ 381.1 m: 2.05 g/t Au over 6.5m 32 Private and Confidential | 32

  34. Slide 34: N20-01 – Zone 1

    N20-01 – ZONE 1 33 Private and Confidential | 33

  35. Slide 35: N20-01 – Zone 2

    N20-01 – ZONE 2 425.6 and 429.5 m: 1.60 g/t Au over 3.9 m 34 Private and Confidential | 34

  36. Slide 36: N20-02 – Zone 1

    N20-02 – ZONE 1 294.9 to 306.1 m 3.54 g/t Au over 11.2 m Incl: 299 to 302.7m: 7.96 g/t Au over 3.7 m 35 Private and Confidential | 35

  37. Slide 37: N20-02 – Zone 1 (suite)

    N20-02 – ZONE 1 (SUITE) 36 Private and Confidential | 36

  38. Slide 38: 2011 IP survey

    2011 IP survey Chargeability contours: presence of strong sulphide minerals Private and Confidential | 37

  39. Slide 39: Private and Confidential | 38

    Private and Confidential | 38

  40. Slide 40: Private and Confidential | 39

    Private and Confidential | 39

  41. Slide 41: Fecteau work programs

    •Re-negociate Fecteau JV in accordance with market conditions. Agreement extended until December 2023. 50% of payments in shares instead of cash. •Geophysical compilation on the Fecteau property for 2021 targeting. •Till sampling survey over entire property •Prospecting and lithogeochemical sampling

  42. Slide 42: Till survey results

    • 2018-20 Till survey defined 4 areas anomalous in gold. • Three of the four anomalous areas were not previously known to host gold mineralization. • Anomalies are comparable in intensity (ppb’s Au) to some known deposits in the Abitibi. • Highest value 1,920 ppb Au • Results of this survey represen

  43. Slide 43: 2017 trenching

    2017 trenching Private and Confidential | 42

  44. Slide 44: Private and Confidential | 43

    Private and Confidential | 43

  45. Slide 45: Fecteau

    Fecteau Private and Confidential | 44

  46. Slide 46: Private and Confidential | 45

    Private and Confidential | 45

  47. Slide 47: Private and Confidential | 46

    Private and Confidential | 46

  48. Slide 48: Private and Confidential | 47

    Private and Confidential | 47

  49. Slide 49: World Class Gold targets already identified

    World Class Gold targets already identified Private and Confidential | 48

  50. Slide 50: Private and Confidential | 49

    Private and Confidential | 49

  51. Slide 51: Private and Confidential | 50

    Private and Confidential | 50

  52. Slide 52: Bachelor Extension property

    • Easy road access; proximity of Desmaraisville and Quévillon. • Located nearby Bachelor Mine (6Km) and Lac Shortt (17km) • Direct extension of Bachelor Mine (Au) and Coniagas (Zn-Pb-Ag) deposit at ±6Km; Extension of deformation corridor. • Highly Favorable Geological complexity comparable to Lac Sh

  53. Slide 53: Bachelor Extension drilling

    • 2 diamond drill holes totaling 416m were completed on Eastern and Western side of a small alcaline intrusion in order to validate the presence of gold bearing quartz-carbonates structures in association with IP anomalies. No significant results were obtained, but interesting context for polymetall

  54. Slide 54: BX-02 BX-01

    BX-02 BX-01 Private and Confidential | 53

  55. Slide 55: Historical drill intercepts

    HOLE FROM TO LENGTH (M) G/T AU METAL FACTOR 90-CC-36 5,63 117,63 112,00 0,53 59 90-15 95,37 168,82 73,45 1,25 92 90-31 125,00 220,00 95,00 0,53 50 90-16 52,02 142,66 90,64 0,28 25 90-20 105,85 198,00 92,15 0,81 74 88-3 7,00 152,40 145,40 0,38 55 88-4 5,00 112,00 107,00 1,11 119 87-107 3,51 121,95 11

  56. Slide 56: Pershimex 2018 DDH Release Abstract 1/2

    PERSHIMEX 2018 DDH RELEASE ABSTRACT 1/2 Hole Zone From To Grade over width Metal Factor Thibodeau intrusion 65.00 105.20 0.50g/t Au over 40.20m 20.10 Internal 73.15 75.00 3.78g/t Au over 1.85m CRV-17-005 Internal 98.00 99.00 2.76g/t Au over 1.00m Thibodeau intrusion 34.30 143.10 0.37g/t Au over 108.

  57. Slide 57: Pershimex 2018 DDH Release Abstract 2/2

    PERSHIMEX 2018 DDH RELEASE ABSTRACT 2/2 Hole number Zone From To Grade over Width Au (g/t) Length Metal Factor CRV-17-011 ROL 48.90 153.60 0.20 g/t Au over 0.20 104.7 21.25 104.70m Including 89.70 90.60 2.19 g/t Au over 2.19 0.9 1m Including 137.30 138.20 2.32 g/t Au over 2.32 0.9 1m CRV-17-013 ROL

  58. Slide 58: Upcoming work programs

    • Vezza Properties (100%) • Mapping and sampling along Allard river shore to validate the presence of the Vezza mine horizon. • Bachelor Extension (100%) • Search for partner • Fecteau (option to earn 100%) • Compilation of summer and fall ground work programs and Targeting • Diamond Drilling progra

  59. Slide 59: Courville and Noyell plans

    • Courville (100%) • A complete evaluation of this project is progressing. • Noyell (option to earn 100%) •Diamond drilling in the winter, 5,000m 34 Private and Confidential | 58

  60. Slide 60: Share structure

    • Symbol: TSX-V: OOR • CUSIP Number: 684007 • Outstanding Shares: 118,937,597 • Warrants: 37,650,000 • Options: 6,060,000 • Fully diluted: 162,647,587 • Main institutional shareholders: Quebec Funds (SIDEX, FTQ, Fonds de Développement de la Baie James, Wimdermere Capital > 30% • Insiders & friends >

  61. Slide 61: Contacts OOR

    Contacts OOR Louis Morin Mike Kinley Chief Executive Officer & Director President & Chief Financial Officer Tel.: (514) 591-3988 Tel.: (902) 826-1579 [email protected] Fax.: (902) 826-2550 [email protected] Address OOR 2075 Victoria St. Suite 220 Saint Lambert, Quebec, Canada, J4S 1H1 Stock Sy

Opus One Gold — Investor Presentation (November 2021) on 6ix