Rediscovering Nova Scotia's Past Producing Gold Mines · President of Underworld Resources and...

TSX.V: GN WWW.OSPREYGOLD.COM

JANUARY2017TSX.V:GN

RediscoveringNovaScotia'sPastProducingGoldMines


Forward-LookingStatements

Thispresentationmayincludecertainforward-lookinginformationwithinthemeaningofapplicableCanadiansecuritieslawsconcerningthefutureperformanceofourbusiness,itsoperationsanditsBinancialperformanceandcondition,aswellasmanagement’sobjectives,strategies,beliefsandintentions.Forward-lookinginformationisfrequentlyidentiBiedbysuchwordsas“may”,“plan”,“expect”,“anticipate”,“estimate”,“intend”andsimilarwordsreferringtofutureeventsandresults.Forward-lookinginformationisbasedonthecurrentopinionsandexpectationsofmanagement.Allforward-lookinginformationisinherentlyuncertainandsubjecttoavarietyofassumptions,risksanduncertainties,includingthespeculativenatureofmineralexplorationanddevelopment,Bluctuatingcommodityprices,changesinexchangerates,competitiverisks,changesinprojectparametersasplanscontinuetobereBinedandtheavailabilityofBinancing,allasdescribedindetailinanyrecentsecuritiesBilingsavailableatwww.sedar.com.Thispresentationisbasedonpublicallydisclosedinformationanddoesnotformapartofanyofferofsecurities,orconstituteasolicitationofanyoffertopurchaseorsubscribeforsecurities.Therecanbenoassurancethatforward-lookinginformationwillprovetobeaccurateandactualeventsorresultsmaydiffermateriallyfromthoseprojectedintheforward-lookinginformationandwecautionagainstplacingunduereliancethereon.TechnicalaspectsofthispresentationhavebeenreviewedandapprovedbytheQualiBiedPerson,BrandonMacdonaldP.Geo.,herebydesignatedasaQPunderNationalInstrument43-101.Allresourceestimatesquotedhereinarebasedonpriordataandreportsobtainedandpreparedbypreviousoperators.TheCompanyhasnotcompletedtheworknecessarytoverifyresults.TheCompanyisnottreatingthehistoricmineralresourceestimatesasNI43-101deBinedresourcesveriBiedbyaqualiBiedperson.Thehistoricalestimatesshouldnotbereliedupon.

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•  GoldenvilleisthelargesthistoricgoldproducerinNovaScotia,with212,300ouncesofgoldproductionpriorto1942

•  HistoricNI43-101(2005)resourceof244,730ouncesinferredat14.26g/tAu,and37,012ouncesindicatedat10.76g/tAu(2g/tcutoff)

•  Structureremainsopenalongstrikeandatdepth

•  Under-exploredtargetareaspermissiveforexpansiondrilling

•  Drillingtocommenceinsummer2017

•  3otherearlierstageprojectsintheregionwithhistoricproduction

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Overview

NOVA SCOTIA’S MOST PROLIFIC GOLD CAMP

*March 1, 2005, Mercator Geological Services Limited , “Technical Report on Mineral Resource Estimate – Acadian Gold Corporation – Goldenville Property – Guysborough County, Nova Scotia, Canada”

Share Structure- TSX.V: GN

Shares Issued & Outstanding 13,292,333


Management&Advisors

Directors and Management Cooper Quinn, President & Director - Mr. Quinn has worked in mining and exploration since he graduated from Simon Fraser University with a degree in Earth Science. He has worked for a variety of exploration and development companies with projects in North America, Greenland, Europe, and the South PaciVic Islands. Mr. Quinn was a Senior Geologist with Underworld Resources and most recently, Lion One Metals. His experience ranges from project management to acquisitions and DD for private equity. Jeffrey R. Wilson, CEO & Director - Mr.Wilsonhas20yearsofexperienceinthemineralexplorationandmininginvestmentindustry.Hehasraised$50mthroughhiswealthofcontactsintheinvestmentcommunityincludinginstitutionalinvestors,retailbrokers, investmentbankers,mininganalystsandprivateinvestors.Duringhiscareer,Mr.Wilsonhasbeeninvolvedwithmultiplejuniorresourcecompaniesthathaveseenpro_itabletakeoversbymid-tierminingcompanies.Mr.WilsoniscurrentlyPresident&CEOofPrecipitateGoldCorp.Adrian Fleming, Chairman & Director - Mr. Fleming has over 35 years experience in the mining industry, most signiVicantly President of Underworld Resources and their White Gold Project, which was acquired by Kinross Gold for $139M. He has been a part of numerous signiVicant discoveries, including Porgera and Hope Bay Greg Beischer, P.Geo, Director - Mr.BeishercurrentlyservesasPresidentandCEOofMillrockResources,asuccessfulprojectgeneratorandhasbeeninvolvedinminingandexplorationfor30years. Advisors Perry MacKinnon, P.Geo, Advisor - Mr. MacKinnon is an experienced geologist and prospector in Nova Scotia and NewBrunswick.Hehasover30years’experienceintheminingindustry,havingworkedcontinentwideonavarietyofprojectsandlargenumberofmineralizedenvironments.

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WhyNovaScotia?

•  Extensivehistoryofgoldminingandproduction

•  District-scalepotentialinanunderexploredarea

•  Excellentaccessandinfrastructure

•  Supportivegovernmentandlocalcommunity•  Verylowgeo-politicalrisk,ranking17thoutof109MiningJurisdictions

forPolicyPerception(FraserInstituteAnnualSurvey,MiningCompanies2015)

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ChartSource:VirtualMuseum

Gold Ounces Produced in Nova Scotia between 1862-2012

https://www.fraserinstitute.org/sites/default/Viles/survey-of-mining-companies-2015.pdf


ProjectMapandDistrictGoldProducers

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•  Mostadvancedprojectinportfolio–  GoldRushdiscoveredin1862–  HighestreportedgoldproductionofanyNScamp–  Recordedhistoricproductionof212,300ozfrom551,797tonnesbetween1862and1942(11.97g/tAu)

•  Exploredintermittentlyfrom1962through2014

•  SamerockformationasAtlanticGold’sMRCproject

GeorgeHirchfieldGoldMine,StuartHardmanProperty,GoldenvilleGoldDistrict-1897.PhotographbyE.R.Faribault.GeologicalSurveyofCanadaPhoto#5273.

EdWilliamsLese(Lease),GoldenvilleGoldDistrictca.1905.N.S.ArchivesandRecordsManagementno.3,NegaCveN-1708.

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Goldenville,NovaScotia


GoldenvilleHistoricResourceEstimate(2005)

Currentlyupdatingresourcetoexaminepotentialforopenpit,andtoguide2017explorationanddrilling

Resource from March 2005, TechnicalReportonMineralResourceEsCmate.AcadianGoldCorporaCon,GoldenvilleProperty,GuysboroughCounty,NovaScoCa,Canada.NI43-101

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INDICATED MINERAL RESOURCES

INFERREDMINERALRESOURCESGoldGrade

Threshold(g/t)TonnesUncut GoldGrade

Uncut(g/t)GoldGrade50g/tCut(g/t)

TotalOuncesUncut

3.5 384,596 18.78 12.38 232,242 2.0 533,739 14.26 9.64 244,730 1.0 855,025 9.43 6.54 259,257

GoldGradeThreshold(g/t)

TonnesUncut GoldGradeUncut(g/t)

GoldGrade50g/tCut(g/t)

TotalOuncesUncut

3.5 62,554 16.62 14.72 33,429 2.0 106,976 10.76 9.65 37,012 1.0 181,047 6.96 6.31 40,517

ClassiMication Mt DilutedGrade(g/tAu)

MinedAuoz's(000)

Proven Reserves 6.65 1.45 310 Probable Reserves 9.8 1.43 450 Total Proven and Probable Reserves 16.45 1.44 760

ATLANTICGOLDRESOURCE-MooseRiverConsolidated


GoldenvilleGeologyandMineralization

•  Structurallycontrolledslatebelthostedgold

•  Veinhostedmineralizationcontrolledbybedding,anticlineplunge,andcrosscuttingstructures–  Anticlinetrendsroughlyeast-west,dipsgentlywest

–  Upto46stackedveinpackagesidenti_iedonbothlimbsoftheanticline

•  Disseminatedmineralizationwithinhostslates/argillite

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•  ClassicMegumaterrain-styledeposit,similartotheBendigocampinAustralia–  Potentialforveiningtocontinueatdepth,similartoAustraliandeposits

TSX.V: GN WWW.OSPREYGOLD.COM 10

ResourceStrikePotential

Two1997drillholes3kmtowestshowgoldmineralizationinveinsandslatehostrocksincludingMit-1whichreturned:1.33g/tAuover20.2m(from

54.2mto74.4m)

Goldenville

Discovered 1861

Totalproduc;on 0.2Moz

Produc;onto300m 0.2Moz

Knowndepth 325m

Discovered 1851

Totalproduc;on 1.0Moz

Produc;onto300m 0.2Moz

Knowndepth 1200m1km

MitchellLake

Source: Nova Scotia Department of Natural Resources

Goldenville


AcquisitionTerms

•  Optiontoearn100%interestinfourprojects–  Totalof90claims,or1,813hectares

•  $1Moverthreeyears–  $150kuponsigningde_initiveagreement

–  $250katyearoneandtwo–  $350katyearthree

•  2%GMRonGoldenville–  1%buybackfor$750k–  Additional0.5%buybackfor$375k

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NextSteps,ContactInformation

CooperQuinnPresident

E:[email protected]_ice:(236)521-0944

ForMoreInformationTSX.V:GN

E:[email protected]

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Timeframe Objectives

Q1 – 2017 Update Goldenville’s Historic resource using new block model and bulk/surface mining methods

Q1 – 2017 Log, split, and assay core from 2014 drill program

Q1 – 2017 Detailed evaluation, target generation, and ranking on Lower Seal Harbour, Miller Lake and Gold Lake

Summer – 2017 Osprey drill program at Goldenville

Q4 – 2017 Update resource incorporating 2017 work

Rediscovering Nova Scotia's Past Producing Gold Mines · President of Underworld Resources and...

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