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Medgold Resources Corp. The European Gold Explorer Proactive One2One Natural Resources Forum 6th April, 2017 Medgold Resources Corp., April 2017 Cautionary Notes 2 Forward Looking Statement This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Medgold Resources Corp.’s projects in Europe are at an early stage and all estimates and projections are based on limited, and possibly incomplete, data. More work is required before the mineralization and the Projects’ economic aspects can be confidently modelled. Actual results may differ materially from those currently anticipated in this presentation. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be economic. Qualified Person: Under the terms of NI43-101, David Clark is Medgold’s Qualified Person. David Clark holds BSc (Hons) and MSc degrees in geology from McGill University, Montreal, Canada, and has been involved in mineral exploration since 1999, with experience in magmatic sulphide Ni-Cu-PGE, intrusion-hosted PGE, and sediment-hosted, orogenic and epithermal precious metal deposits in Canada, USA, Mexico, and Central America. Mr Clark is a member of the Association of Professional Engineers and Geoscientists of British Columbia. David Clark, Consulting Geologist to the Company, is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure or Mineral Projects and has approved the disclosure of the scientific and technical information in this presentation. Medgold Resources Corp., April 2017 Speaker Biography 3 Dan James, President & Director Medgold Resources Corp. • A geologist with 20 years experience • Graduate from Uni. of Portsmouth in 1997 • Has managed Medgold since being founded in 2011 (6 years) • Previously worked in Turkey, Ethiopia, DRC, Zambia & Tanzania • 5 years working in London on IPO/debt roadshows Medgold Resources Corp., April 2017 Mission Statement Aim To become a leading European-focused gold explorer Targeting early- to mid-stage exploration projects in Model mining-friendly jurisdictions Exploring through strategic partnerships with major Strategy mining companies 4 Medgold Resources Corp., April 2017 Company History & Milestones 5 • Founded in 2011 as a private UK company • Completed RTO into a listed shell company, on the TSX-v, in December 2012 • Initiated gold exploration in Portugal, Spain and Italy • Completed acquisition of Klondike Gold (Portugal) in 2014 for 4 gold exploration projects • Optioned the Valongo Belt projects to Centerra Gold Inc. in 2014 • Expanded Centerra option agreement to include the Boticas (Portugal) project in 2015 • Incorporated subco in Serbia and is granted licences in 2016 • Commenced Strategic Alliance with Fortuna in 2016 and Option Agreement in 2017 Medgold Resources Corp., April 2017 Company Structure 6 • Listed on the TSX-V in December 2012 • Ticker: MED-V • Cash: CAD $2.0m • Share Price: $0.21 (April 4, 2017) • Market cap.: $17.7m • Share Structure: 84,514,175 issued capital 97,897,875 fully diluted • G&A: $30k per month Google Finance Chart. 1 year date range April 4, 2017 Medgold Resources Corp., April 2017 Share Structure 7 Type of Security No. of Shares Exercise Price Expiry Date Potential Dollar Value 1,853,700 $0.12 May 11, 2017 $222,444.00 1,900,000 $0.15 Sept. 20, 2017 $285,000.00 Warrants: 2,900,000 $0.15 Oct. 12, 2017 $435,000.00 SUBTOTAL 6,653,700 SUBTOTAL $987,444.00 3,455,000 $0.15 Feb. 23, 2024 $518,250.00 Incentive Stock Options: 225,000 $0.15 Feb. 12, 2025 $33,750.00 2,550,000 $0.15 June 28, 2026 $382,500.00 SUBTOTAL 6,230,000 SUBTOTAL $934,500.00 TOTAL OUTSTANDING 12,883,700 CONVERTIBLE SECURITIES: ISSUED CAPITAL: 85,014,175 FULLY DILUTED: 97,897,875 Medgold Resources Corp., April 2017 The Medgold People 8 Board of Directors Technical Advisors Simon Ridgway Founder of numerous successful resource Richard Sillitoe World-renowned economic Chairman & CEO companies. Has raised close to $400m to fund Consultant & Advisor geologist. An economic geological projects globally. consultant for over 40 years and has worked in over 70 countries. Best Exploration geologist with 20 years’ experience, Dan James known as a porphyry-epithermal focussed on gold, and worked and lived in President specialist. numerous countries in Africa and Europe. An economic geologist and has been Geologist with over 20 years’ experience. Worked Brent Cook Ralph Rushton working in the exploration and in Southern Africa, the Middle East and Eastern Advisor Director mining business for over 30 years. Europe. Focuses on corporate development and Author of the investment letter IR. Exploration Insights. Jeremy Martin Geologist with extensive South American Director exploration experience. Has been involved in the formation of various AIM-listed companies Management including Horizonte Minerals where he is currently Has been involved in mineral CEO. David Clark QP & Chief Geologist exploration since 1999, in Canada, Exploration geologist with over 30 years’ USA, Mexico, and Central America. Is David Hall a "Qualified Person" in accordance Director experience and worked in over 50 countries. Worked for large majors and founded a number of with National Instrument 43-101. junior exploration companies. Aleksander Miskovic Geochemist with a PhD from the Exploration geologist with over 30 years’ Country Manager - Serbia University of Geneva. Formerly an Michael Skead MIT postdoctoral Research Fellow Director experience and responsible for multiple major gold discoveries in Africa. and a Research Associate with UBC's MDRU leading the Western Tethyan Metallogeny Project. Medgold Resources Corp., April 2017 European Gold Projects 9 Serbia Portugal Medgold Resources Corp., April 2017 Serbia: Country Profile 10 Overview Country Statistics • Under-explored for gold • Population: 7m • Excellent exploration potential • GDP: $98b • Mining-friendly government • GDP Growth: 0.7% Belgrade with active mines • GDP per Capita: $13,700 • Major miners already active; Rio • Royalty on Gold: 3% & Nevsun • Corporation Tax: 15% Nis • Recent major discovery by Reservoir Minerals Medgold Resources Corp., April 2017 Balkans Geology and Major Deposits 11 Area of focused Serbo-Macedonian Belt exploration - Olympias (4 Moz Au) - Skouries (3.5 Moz Au) - Perama Hill (1 Moz Au) - Ada Tepe (1 Moz Au) - Trepcha (9 Mt Pb) Medgold Resources Corp., April 2017 Fortuna Strategic Alliance & JV 12 • Fortuna has invested a total of CAD 3m into Medgold taking 24% of the Company • Proceeds used for Strategic Alliance for target generation work in Serbia • Fortuna optioned the Tlamino Project in March 2017 (covering the Barje-Liska and Karamanica prospects) - Spending USD 3m over 3 years for 51% - Option to spend a further USD 5m (inc. a PEA) for a total of USD 8m for 70% • Fortuna may option a second property on same option terms as above • Once two projects have been selected Fortuna have no further rights to projects generated Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Its primary assets are the Caylloma silver mine in southern Peru and the San Jose silver-gold mine in Mexico. The company is selectively pursuing acquisition opportunities throughout the Americas and in select other areas. Medgold Resources Corp., April 2017 Serbia Projects 13 • Focusing on the Serbo-Macedonia Belt in central and southern Serbia • Belt is under-explored for gold yet geologically well mapped • Targeting epithermal- and porphyry-type gold deposits Cer-Zavlaka Partizani Trbusnica • Exploration licences issued on a first-come first- served basis Vratarnica Breznica • 6 exploration licences granted and 8 applications pending issuance Modra Stena Bistrica Kalna Ljubata Radovnica Crnook Surlica-Dukat Donje Tlamino Medgold Resources Corp., April 2017 Southern Serbia Licences 14 SURLICA-DUKAT RADOVNICA (Fortuna Optioned Licence) DONJE TLAMINO (Fortuna Optioned Licence) Karamanica Barje Liska Regional geological map of the Southern Serbia Licences, showing the key prospects of Barje-Liska and Karamanica Medgold Resources Corp., April 2017 Regional Geology Overview 15 • Primary regional feature is Crnook Dome • Associated with the dome are low-angle regional-scale detachment faults • Quartz-feldspar porphyry units common (small intrusions and dykes) • Regional extension created series of detachment basins and infilled with fluvial sediments • Mineralization is intermediate epithermal-type • Strong association with Pb-Zn mineralization • Mineralization is both lithologically- and structurally-controlled • Hosted in a zone of flat-lying tectonic breccias (detachment-associated) and likely fed by high- angle basement structures • Tlamino is emerging as a new geological model for the region. Medgold Resources Corp., April 2017 Tlamino Geology 16 Crnook Dome Tlamino conglomerates Medgold Resources Corp., April 2017 Tlamino Schematic Cross Section 17 BARJE LISKA Schematic cross-section of the Barje-Liska prospects, Tlamino Project Medgold Resources Corp., April 2017 Channel Sampling (Barje Prospect) 18