Slides
Page 1
CASSIAR GOLD CORP Corporate Presentation June 2025 EXPLORING. EXPANDING. DELIVERING.
Page 2
2TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Cassiar Gold Corp. (“Cassiar Gold” or the “Company”) has taken all reasonable care in producing and publishing the information contained on this presentation and will endeavor to do so regularly. Material on this presentation may still contain technical or other inaccuracies, omissions or typographical errors, for which the Company assumes no responsibility. Neither Cassiar Gold nor any of its current or proposed directors, officers, owners, managers, partners, consultants, employees, affiliates or representatives, make any warranty or representation, whether express or implied, or assume any legal liability or responsibility for any action taken in reliance upon the information contained in this presentation, or for the accuracy, completeness, or usefulness of any information disclosed. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information in this presentation, except for personal use unless you have obtained the Company’s express permission. This presentation, and the material contained hereon, is not intended as a solicitation, offering or recommendation of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by the Company to that effect. The sole purpose of this presentation is for information purposes. The information outlined in this presentation is not a substitute for independent professional advice before making any investment decisions, and is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment advice. Any investment in the Company is speculative and involves a high degree of risk. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the information in this presentation. Certain information set forth in this presentation contains “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation, Section 27A of the Securities Act of 1933 in the United States of America, as amended, and Section 21E of the Securities Exchange Act of 1934 in the United States of America, as amended. Statements in this presentation other than purely historical information are forward-looking statements. Forward-looking statements include statements regarding: expectations on the size of the mineral resources on the Company’s properties, timing of ability to obtain resource reports and preliminary economic assessments, plans for mineral processing, timing and ability to raise capital and use of proceeds of such financings, long-term acquisition and developments plans, and the ability to enter into acquisition or option agreements and the timing and terms of same. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “does not anticipate”, or “believes”, or variations of such words and phrases that state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward- looking statements are based on management’s expectations and reasonableness assumptions at the time such statements are made and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in this presentation. Accordingly, readers should not place undue reliance on forward looking statements. Except as required by Canadian securities law, neither the Company nor its management undertakes to update any forward-looking statements in this presentation. Unless stated otherwise, information pertaining to the Taurus Deposit Resource of the Cassiar Gold Property is summarized, derived or extracted from, respectively, the technical report titled “National Instrument 43-101 Technical Report on the Cassiar Gold Property” prepared for the Company by Scott Zelligan, P.Geo, James Moors, P.Geo, Chantal Jolette, P.Geo. with an effective date of April 28, 2022. Scott Zelligan, P.Geo, James Moors, P.Geo, and Chantal Jolette, P.Geo., are all independent as defined by NI 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”). Unless stated otherwise, information pertaining to the Sheep Creek Property is summarized, derived or extracted from the technical report titled “NI43-101 Technical Report on the Sheep Creek Project” by Robert A. Lane, MSc, P.Geo with an effective date of August 17, 2017. Robert A. Lane, MSc, P.Geo is independent as defined by NI 43-101 — Standards of Disclosure for Mineral Projects. Qualified Person: Jill Maxwell, P.Geo., VP Exploration, is a "Qualified Person" as defined under NI 43-101 and has reviewed and approved the technical content of this presentation. Disclaimer
Page 3
3TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 HIGHWAY ACCESS, 100% OWNED MILL, POWER ACCESS, 160KM ACCESS ROADS TRACK RECORD DISCOVERING, BUILDING, OPERATING MINES C$44.2 M RAISED* C$32 M MARKET CAP** C$4.9 M CASH & DEPOSITS Why Cassiar Gold? Checking the Boxes 277,000 meters HISTORICAL DRILLING AT THE PROPERTY TIER 1 JURISDICTION, MINE PERMITS, COMMUNITY SUPPORT 62,000 meters DRILLED AS AN OPERATOR (since 2020) 1 Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit *Since 2020 **as of June 9, 2025 2025 MRE INDICATED: 0.4 Moz @ 1.43 g/t Au1 INFERRED: 1.9 Moz @ 0.95 g/t Au1 +
Page 4
4TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Capital Structure Shareholders TSX.V: GLDC | OTCQX: CGLCF | FRA:756 Shares Outstanding 128,731,002 Price per Share* C$0.25 Market Capitalization* C$32 M Cash & Deposits (Jan 2025) C$4.9 M Analyst Coverage, Notes, and Newsletters *as of June 9, 2025 Timothy Lee tlee@redcloudsecurities.com 1 Options priced between $0.28-$0.79 with expiry between Aug 2025 to May 2029. See Appendix for more details. 2 Warrants priced between $0.50 -$0.70 with expiry between Jun 2025 to Oct 2026. Potential proceeds from warrant exercise is $15.9M. See Appendix slide for more details Institutional 29% HNW & Retail 59% Insiders/Advisors 12% Steve Searles ssearles@cgf.com Dave Storms, CFA dave@stonegateinc.com Jeff Clark jeff_clark@att.net Brien Lundin brien_lundin@jeffersoncompanies.com Lobo Tiggre l@independentspeculator.com Share Structure & Ownership Mix
Page 5
5TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 +18 yrs of international finance experience including banking, capital markets, venture capital and corporate advisory Co-founder of Reyna Silver & Infinitum Copper; Advisor of Emerging Markets Capital, a Hong Kong Mining Investment firm Former banker at Millennium BCP and Barclays Capital MARCO ROQUE President & CEO +30 yrs in extractive resource sector President & CEO of IAMGOLD (CAD$4Bn mkt cap) from 2010-2020 Previously Executive VP Gas Transportation & International with Enbridge Inc., President & COO of TransCanada Energy 30 yrs of experience in the mining industry as a renowned orogenic gold expert and consultant for major mining companies Conducted direct, field-based geological studies on deposits collectively containing >600Moz Au and >2Boz Ag including deposits in the Carlin Trend and the Abitibi Greenstone Belt DAVE RHYS Chief Technical Advisor +35 yrs experience in exploration and mine operations in British Columbia as a professional geologist Received 2016 E.A. Scholz Award for Excellence in Mine Development for his role in the development/permitting of Imperial Metals’ Red Chris mine Former President and CEO of Sun Metals STEVE ROBERTSON Director 15 yrs in the precious metals sector A wide range of experience in mineral exploration from greenfields programs through to feasibility level studies for orogenic gold and Ni-Cu- PGEs, including at Sabina Gold & Silver Corp.’s Back River Project (now owned by B2Gold) and North American Palladium Ltd. through and following its acquisition by Impala Platinum JILL MAXWELL VP Exploration STEPHEN LETWIN Chairman +20 yrs experience as professional geologist VP Exploration for First Mining Gold and former Exploration Director of Sabina Gold & Silver Corp Co-Award winner of North-western Ontario Prospectors Association Discovery of the Year award JAMES MAXWELL Director +30 yrs as a Mining Engineer & Turnaround Specialist Track record for successful new mine advancement and development and optimization of existing mines in Canada and abroad CHRIS STEWART Director Experienced Leadership Team Click HERE to meet more of the team! Director of Cassiar Gold since September 2020 CFO & Director at Reyna Silver Director at Emerging Markets Capital Former Executive Chairman at Sendero Resources MICHAEL WOOD CFO
Page 6
6TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Control over 2 major gold districts in British Columbia, Canada: 100% owned, 59,000-h ectare district-scale orogenic gold system in the safe and stable jurisdiction of British Columbia Historical Production of 350, 000 oz Au 3rd largest past-p roducing orogenic gold district in BC with historical gold production (1899 - 1951) of 742,000 oz Au @ 14.7 g/t Au 1 4,052-h ectare camp 1 August 17, 2017, NI43-101 Technical Report on the Sheep Creek Project authored by Robert A. Lane, MSc, PGeo . 1 2 Cassiar Gold Projects Select projects/mines in the region with mineral resources & market cap (as of June 2025) Mergers & Acquisitions ROGUE (C$1.2 B) 4.05 Moz, Ind 1.66 g/t Au 3.26 Moz, Inf 1.25 g/t Au RED CHRIS 14.9 Moz, MI 0.41 g/t Au BRUCEJACK 7.2 Moz, MI 10 g/t Au SILVERTIP (C$5.9 B) TATOGGA 8.93 Moz, I 0.31 g/t Au SNIP 0.8 Moz I 9.35 g/t Au ESKAY CREEK 4.1 Moz, MI 2.6 g/t Au KSM 88.7 Moz Au, MI 0.51 g/t Au (C$2B) LAWYERS 2.9 Moz Au, M+I 1.51 g/t Au (C$261 M) CARIBOO GOLD 2.07 Moz, P 3.62 g/t Au NEW AFTON (C$5.2 B) 1.4 Moz, MI 0.57 g/t Au BLACKWATER 9.4 Moz, M+I 0.9 g/t Au (C$5.9 B) (US$58 B) (C$2.2 B) GALORE CREEK 9.44 Moz MI 0.25 g/t Au (C$27 B) (C$411 M) Acquired for $23 B 100% for $456 M 70% for US$1 B 100% for $3.5 B Tier 1 Jurisdiction Attracting Global Miners Cassiar Gold FLAGSHIP PROPERTY Sheep Creek
Page 7
7TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Property Overview District-Scale Potential 1 Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit 2 Zelligan, Moors, Jolette, April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp. TWO KEY PROJECT AREAS: 1. CASSIAR NORTH (North of Highway 37): M ultiple near surface targets across the property including the bulk-tonnage Taurus Deposit hosting 0.4 Moz @ 1.43 g/t Au1 Indicated and 1.9 Moz @ 0.95 g/t Au1 Inferred mineral resource which is open for expansion laterally and at depth. 2. CASSIAR SOUTH (South of Highway 37): P ast- producing high-grade quartz vein deposits (10- 20 g/t Au)2 open along strike & down dip, as well as potential for multiple blind parallel and stacked vein systems. Exploration Opportunity: E xpand property resource base, advance exploration through deposit expansion, optimization, and the potential for new discoveries in the Cassiar District. 59,000 ha (590 km2) MAIN VOLLAUG CUSAC BAIN LUCKY WINGS CANYON SNOW CREEK NEWCOAST HUNTER, TERESA POOLY PASS Camp Mill Cassiar Airstrip Cassiar Road CASSIAR NORTH Bulk - Tonnage Disseminated & High - Grade Vein Targets CASSIAR SOUTH High - Grade Vein Targets (10 - 20 g/t Au) Taurus Deposit Indicated: 0.4 Moz @ 1.43 g/t Au Inferred: 1.9 Moz @ 0.95 g/t Au1
Page 8
8TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Paved Provincial Highway 37 bisects the property with year-r ound access and connected to the paved Cassiar road passing through the Taurus Deposit area. Permanent camp with power & water access along with 160 km of property ac cess roads. 1.2 km Cassiar airstrip just 5km from the Taurus Deposit. Id eal topography and access for open- pit mine infrastructure. CASSIAR ROAD PROVINCIAL HIGHWAY 37 1.2 KM CASSIAR AIRSTRIP Outstanding Access with Ideal Topography
Page 9
9TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 300 TPD FULLY OWNED & PERMITTED MILL 160KM OF ACCESS ROADSCORE SHACK & 4 TAILINGS FACILITIES POWER LINES 48-PERSON CAMP with Grid Power & Water 25KM UNDERGROUND WORKINGS Click HERE to explore the property using our VIRTUAL TOUR! 17 HISTORICAL PORTALS Key Infrastructure Already in Place
Page 10
10TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Exploration permit and two mine permits on the property: 1. Taurus Gold Mine Permit (M-149) (1.2km2) covers the past- producing Taurus Mine; the majority of the current Taurus resource footprint; 2 tailings facilities and former mill site. 2. Table Mountain Permit (M-127) (20km2) at Cassiar South covers all past-producing mines on Cassiar South, 2 tailings facilities, and 300 tpd mill. Fully owned & permitted 300 tpd mill produced bo th gravity and flotation concentrates. Mill was last in production in 20071 , partially refurbished in 2010 and currently in good condition. Recoveries averaged 93%2 and up to 96% at Cassiar South. 1 Zelligan, Moors, Jolette, April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp. 2Cowley, 2017. NI43-101 Technical Report on the Cassiar Gold Property, British Columbia, Canada, for China Minerals Mining Corp, June 26, 2017, revised Oct. 2, 2017, and references therein 3 Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit Fully Owned & Permitted Erickson Mill Facility 2 Mine Permits and Fully Owned & Permitted Mill MAIN VOLLAUG CUSAC BAIN LUCKY WINGS CANYON TAURUS MINE SNOW CREEK NEWCOAST HUNTER, TERESA PETE, POOLEY PASS Camp Mill Taurus Deposit Indicated: 0.4 Moz @ 1.43 g/t Au Inferred: 1.9 Moz @ 0.95 g/t Au 3
Page 11
11TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 High-grade Vein Targets Cassiar Gold Property - Schematic Longitudinal Section, Looking West ~15km TrendCASSIAR SOUTH High-Grade Vein Targets CASSIAR NORTH Bulk Tonnage Disseminated & High-Grade Vein Targets Main Mine and Vollaug (200Koz Au produced) Taurus area 0.4 Moz at 1.43 g/t Au1 indicated & 1.93 Moz at 0.95 g/t Au1 inferred 35Koz Au produced Bain and Cusac (114Koz Au produced) Potential for extension along strike and down dip of known vein systems, as well as potential for parallel and stacked vein systems Underexplored area with opportunity for discovery and advancement Multiple targets underexplored with significant potential for advancement Taurus: Potential resource expansion laterally and at depth Both shallow and moderate depth targets with high discovery potential 1 Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit Production figures and Inferred resource from Zelligan, Moors, Jolette, April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp, and references therein District-Scale with Significant Discovery Potential Click HERE to watch the Technical Presentation hosted by David Rhys!
Page 12
12TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Multitude of shear quartz vein gold targets analogous to Cariboo Gold a nd Fosterville. Historical production of > 314,000 oz1 from four vein systems and 15 portals. Historical recovered grades of ~10-20 g/t Au1. Most recent production 2007 (Main Mine) Past Production from select Cassiar South High-Grade Veins1 Veins Year Mined Tonnes (approx.) Avg. Grade Gold g/t Oz Gold Main Mine 1979-1988 272,000 17.14 150,000 Cusac Mine 1986-1997 136,000 20.57 90,000 Bain Mine 1993-1995 54,500 13.71 24,000 Vollaug Mine 1980-1997 154,000 10.28 50,000 Total 314,000 1Zelligan, Moors, Jolette, April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp, and references therein High-G rade Discovery Potential: 1. Multiple past-pr oducing vein systems remain open along strike & down dip near mine workings. 2. Known vein targets remain under-e xplored. 3. Periodicity of vein systems and stratigraphic repetition suggest hig h potential for blind stacked and parallel veins. MAIN VOLLAUG CUSAC BAIN MAIN MINE 150,000 oz produced 17.14 g/t Au average grade VOLLAUG MINE 50,000 oz produced 10.28 g/t Au average grade CUSAC MINE 90,000 oz produced 20.57 g/t Au average grade BAIN MINE 24,000 oz produced 13.71 g/t Au average grade Mill Camp Cassiar South: High-Grade History & Potential
Page 13
13TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Drill hole location map of exploration and expansion holes relative to mine infrastructure. Production figures from past producing mines are from Zelligan, Moors, Jolette 2022. 18,000 m of drilling 2021-2023 identified: Extensions of known mineralization near existing infrastructure Interpreted offset vein segment of past producing Bain vein system Gold-be aring quartz veins adjacent to known vein systems Confirmed continuity of high-g rade mineralization at the East Bain vein Find all reported Cassiar Gold Program Results from Cassiar South here Target Area Drill Hole From (m) To (m) Length (m) Grade (g/t Au) East Bain Extension 21EBX-300 2 182.8 187.6 4.8 35.10 incl. 183.2 183.7 0.5 105.00 and 184.3 184.7 0.4 270.00 21EBX-301 2 143.8 150.1 6.3 12.64 incl. 145.7 148.7 3.0 25.70 incl. 146.6 147.3 0.7 85.35 22EBX-103 1 159.5 174.1 14.6 2.21 incl. 160.2 168.7 8.5 3.22 incl. 164.7 168.7 4.0 5.05 361.9 364.1 2.2 32.95 incl. 362.3 362.8 0.6 123.50 Main Mine 23MM-004 1 139.2 376.8 237.6 0.69 incl. 285.9 294.2 8.3 2.39 and 336.5 350.7 14.2 1.64 and 356.2 368.8 12.6 1.61 1Drill core lengths are reported here. True widths for these intervals have not been established 2Drill core lengths are reported here. Intercepts for the main Bain vein are 80-95% of true width MAIN MINE 150,000 oz produced 17.14 g/t Au average grade VOLLAUG MINE 50,000 oz produced 10.28 g/t Au average grade CUSAC MINE 90,000 oz produced 20.57 g/t Au average grade BAIN MINE 24,000 oz produced 13.71 g/t Au average grade 21 PORTAL MAIN PORTAL 56 PORTAL 57 PORTAL 49 PORTAL CUSAC PORTAL BAIN PORTAL BAIN CUSAC VOLLAUG MAIN 28 35 39 Vollaug Potential to test for blind parallel veins and vein extensions Cassiar South: Drill Highlights
Page 14
14TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 1Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit Find all reported Cassiar Gold Program Results from Cassiar North here, Zelligan, Moors, Jolette, April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp., and references therein High-Priority Outlying Targets: 4,057 m drilled: Newcoast: 3,417 m Lucky: 640 m Taurus Deposit Area 31,237 m drilled since MRE: 5,923 m in 2024 TAURUS EAST TAURUS MINE LUCKY ELAN SNOW CREEK IDENTIFIED NEW GOLD- BEARING QUARTZ VEINS 136.8 m of 0.71 g/t Au, including 95.3 m of 0.90 g/t Au in 23NC-004 NEWCOAST 6.6 m of 22.44 g/t Au in 22TA-169 98.0 m of 1.28 g/t Au in 22TA-176 WINGS CANYON 171.9 m of 0.66 g/t Au in 22TA-161 152.1 m of 0.58 g/t Au in 23TA-204 22.3 m of 0.92 g/t Au in 23WC-205 10.5 m of 4.47 g/t Au in 22TA-146 41.2 m of 0.61 g/t Au in 22WC-202 Surface projection of the Mineralized footprint of 2025 Taurus MRE (0.4 g/t Au cutoff) - June 12, 2025 News Release Cassiar North: 36,000 m Drilled since previous MRE 141.4 m of 0.89 g/t Au in 24NC-008 Taurus Deposit Indicated: 0.4 Moz @ 1.43 g/t Au Inferred: 1.9 Moz @ 0.95 g/t Au1
Page 15
15TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 2025 NI43-1 01 Compliant Inferred Mineral Resource Estimate (MRE) of 0.4 Moz @ 1.43 g/t Au1 Indicated and 1.9 Moz @ 0.95 g/t Au1 Inferred.1 48% of ounces occur w ithin 50 m of surface & 91% within 150 m from surface. Open-pi t constrained resource (1km 2 ) with mineralization to 307 m pit depth. Strong potential for e xpansion in most directions with several areas of mineralization identified beyond the extent of the current pit shell model. Taurus East past production: 35,000oz @ 3.8 g/t Au2 recovered grade from 1981-8. 1 Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit 2Taurus MINFILE Production Detail Report, file number 104P 012, BC Geological Survey Plan view image of Reported Resources for Taurus Deposit area (pit constrained, 0.4 g/t cutoff). Black areas depict pit walls constraining the resource block model. Gaps in resource may reflect lack of drill data in some areas, not necessarily lack of mineralization Cassiar North: Taurus Deposit Open for Expansion 2025 NI 43-101 Taurus Inferred Mineral Resource Estimate (MRE)1 Cut-off Au g/t Resource Category Tonnes Au g/t Au oz 0.30 Indicated 11,120,000 1.21 430,000 Inferred 82,470,000 0.81 2,150,000 0.40 Indicated 8,800,000 1.43 410,000 Inferred 63,150,000 0.95 1,930,000 0.50 Indicated 7,130,000 1.66 380,000 Inferred 48,110,000 1.11 1,710,000 Vertical cross-section along Taurus West Area, looking west +/ - 25 m. Note gently plunging higher grade domains which form chutes along and above the Taurus West Fault. 1km A A’ A A’
Page 16
16TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Two Mineralization styles: 1) East-N ortheast trending, steeply dipping sets of sheeted quartz extension veins associated with steep, West-Northwest trending shear zones. 2) Broad zones of disseminated p yrite-mineralization in carbonate altered mafic volcanic rocks surrounding structures, especially near Taurus West Fault. Sheeted veins in discrete T3 carbonate-pyrite alteration 88 Hill extension veins Vein with T3 coarse pyrite envelope Mineralization Type1: Basalt- hosted, low-sulfide gold-bearing veins and well-defined alteration envelopes of quartz, sericite-iron carbonate and pyrite. Vein density, alteration intensity a nd shear zone distribution aid in defining and modeling higher grade corridors of mineralization. 1 Zelligan, Moors, Jolette April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp. Pyritohedrons near extension vein (T4), drill hole 23TA-204 Free gold in extension veins, drill hole 22TA-180 Pyritohedrons in basalt from Sable zone at Taurus 1cm Taurus Deposit: Mineralization Styles
Page 17
17TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 1Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit, 2Taurus MINFILE Production Detail Report, file number 104P 012, BC Geological Survey Find all reported Cassiar Gold Program Results from Taurus here Target Area Drill Hole From (m) To (m) Length* (m) Grade (g/t Au) Taurus East 22TA- 169 4.5 11.1 6.6 22.44 incl. 10.3 11.1 0.8 174.50 Taurus West 22TA- 176 10.7 108.7 98.0 1.28 incl. 41.7 45.8 4.1 12.02 with 43.8 45.1 1.3 25.87 22TA- 180 177.5 249.1 71.6 1.54 incl. 222.0 245.5 23.5 3.68 incl. 222.0 223.0 1.0 37.40 22TA- 182 194.7 253.5 58.8 1.34 incl. 240.2 253.0 12.8 2.41 23TA- 187 311.1 334.7 23.6 4.19 incl. 317.3 325.1 7.8 6.22 23TA- 206 196.1 374.4 178.3 0.59 incl. 271.8 291.4 19.6 2.23 Taurus Southwest 22TA- 161 8.2 180.1 171.9 0.66 24TA- 220 3.0 116.0 113.0 0.84 24TA- 229 4.3 206.1 201.8 0.53 24TA- 232 48.0 67.7 19.7 6.84 incl. 52.1 52.5 0.4 315.00 * Drill core lengths are reported here. True widths for these intervals have not been established TAURUS EAST TAURUS NW TAURUS WEST HIGHWAY CENTRAL SABLE TAURUS SW WINGS CANYON TAURUS MINE Decline Fault 2022 Resource Pit Shell Boundary TAURUS MINE 35,000 oz Au produced 3.8 g/t Au head grade2 Taurus Deposit: 2022 - 2024 Drill Highlights Taurus Deposit Indicated: 0.4 Moz @ 1.43 g/t Au Inferred: 1.9 Moz @ 0.95 g/t Au 1 Surface projection of the Mineralized footprint of 2025 Taurus MRE (0.4 g/t Au cutoff) - June 12, 2025 News Release
Page 18
18TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 4,057 m drilled: Newcoast: 3, 417 m Lucky: 640 m High-Priority Outlying Targets Taurus Deposit 31,237 m drilled since MRE: 5,923 m in 2024 Cassiar North: 36,000 m Drilled since previous MRE 1Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit Find all reported Cassiar Gold Program Results from Cassiar North here, Zelligan, Moors, Jolette, April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp., and references therein TAURUS EAST TAURUS MINE LUCKY ELAN SNOW CREEK IDENTIFIED NEW GOLD- BEARING QUARTZ VEINS 136.8 m of 0.71 g/t Au, including 95.3 m of 0.90 g/t Au in 23NC-004 NEWCOAST 6.6 m of 22.44 g/t Au in 22TA-169 98.0 m of 1.28 g/t Au in 22TA-176 WINGS CANYON 171.9 m of 0.66 g/t Au in 22TA-161 152.1 m of 0.58 g/t Au in 23TA-204 22.3 m of 0.92 g/t Au in 23WC-205 10.5 m of 4.47 g/t Au in 22TA-146 41.2 m of 0.61 g/t Au in 22WC-202 Surface projection of the Mineralized footprint of 2025 Taurus MRE (0.4 g/t Au cutoff) - June 12, 2025 News Release 141.4 m of 0.89 g/t Au in 24NC-008 Taurus Deposit Indicated: 0.4 Moz @ 1.43 g/t Au Inferred: 1.9 Moz @ 0.95 g/t Au1
Page 19
19TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Veining – hi gh density arrays of narrow sheeted vein sets at common orientations Alteration – extensive alteration halo with disseminated sulphides surrounding vein sets Mineralization – Gold is associated with disseminated pyrite in alteration halos; grades similar to Taurus returned in grab samples and drilling Snow Creek Newcoast Lucky 1 Assay results from 2006 Assessment Report on the Table Mountain and Taurus Property, AR29235, Event Number: 4145387, prepared by Mike Glover. 2 Zelligan, Moors, Jolette April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp 3 Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit Find all reported Cassiar Gold Program Results from Taurus here Common Characteristics of Priority Targets at Cassiar North LUCKY AUROCH WINGS CANYON TAURUS MINE SNOW CREEK NEWCOAST HOPEFUL MAIN MINE Priority Regional Targets: Underexplored & Highly Prospective 141.4 m of 0.89 g/t Au in drill hole 24NC-008 237.6 m of 0.69 g/t Au in drill hole 23MM-004 2023: IDENTIFIED NEW GOLD- BEARING QUARTZ VEINS 128.5 m of 0.56 g/t Au and 90.6 m of 0.55 g/t Au.1 6.6 m of 22.44 g/t Au from surface in drill hole 22TA-169 Taurus Deposit Indicated: 0.4 Moz @ 1.43 g/t Au Inferred: 1.9 Moz @ 0.95 g/t Au3 Camp Mill
Page 20
20TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 IP Survey ~6 km2 footprint 175 m line spacing; 75 m station s pacing Drone-Supported Surveys Mag: ~60 km2 footprint; 50 m line spacing VLF-E M: ~7.5 km 2 footprint; 50 m line spacing Geological Mapping & Surface Sampling Mapping/sampling over known & r ecently identified gold prospects 161 outcrop samples and 569 soil sa mples collected IP Survey completed in 2023 2024 IP Survey Area Camp Auroch Drone Mag Survey Area Drone VLF Survey Area Newcoast Main Mine Vollaug Bain Cusac Taurus Mine 2024 Soil Sample Locations Hopeful 1 Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit Cassiar Gold Expands Drill Program and Advances Geophysical Surveys, Zelligan, Moors, Jolette April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp 2024 Geophysical Surveys & Field Program Taurus Deposit Indicated: 0.4 Moz @ 1.43 g/t Au Inferred: 1.9 Moz @ 0.95 g/t Au 1 2024 Surface Rock Samples
Page 21
21TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Training 43% Donations & Events 22% Environmental 19% Sponsorships 16% Participated in local Earth Day events Beginning of ongoing site reclamation and remediation efforts across Cassiar project site Facilitated Land Guardian training for Kaska community members Hosted cultural tour & traditional hunting territory review with Dease River First Nations 2018 - 2021 Facilitated Mine Rescue training & Bear Safety Firearm Training for community & team members Hosted environmental monitoring program site tour Published inaugural E SG Report & ESG Scorecard Provided support for Good Hope Lake community skating rink, began ongoing sponsorship of Kaska Grizzlies hockey team Digitized artwork and coordinated printing of Land & Wildlife Guardian signs with DRFN F acilitated OFA 3 training and Ecosystem Survey training for community & team members Donated ORV safety equipment to Good Hope Lake Safety Awareness Campaign Sponsored Yukon Cougars Women’s Hockey team during the Yukon Native Hockey Tournament Provided in-k ind support of BC Geoscience Critical Minerals Tailings Mapping initiative Collaborated with DRFN community to create Orange Shirt Day shirts based on original artwork by community member Sponsored swimming lanes in Watson Lake Ongoing Supporting local Employment, Partnerships and Procurement Bi-Annual meetings with community leadership Publication and Benchmarking of ESG reporting and initiatives Supporting local businesses; forging partnerships with local suppliers & environmental groups 2022 2023 2024 Approximately $80,000 in ESG Initiative Contributions from 2018 - 2024 Committed to Social & Environmental Responsible Development Cassiar Gold acknowledges, respects, and supports the rights of the Kaska Dena First Nations on the lands and communities where we operate.
Page 22
22TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Plans and Catalysts
Page 23
23TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 SIGNIFICANT RESOURCE EXPANSION & DISCOVERY POTENTIAL Potential to expand Taurus in most directions laterally & at depth Potential for multiple bulk-tonnage/Taurus style satellite deposits across the land package Potential to expand multiple high-grade vein targets grading 10-20 g/t Au1 along strike & down dip, with additional discovery potential for multiple blind parallel as well as stacked shear vein systems INFRASTRUCTURE & PERMITS IN TIER ONE JURISDICTION 2 Mine permits, bisected by provincial highway 37, 160 km of access roads, fully owned & permitted 300 tpd mill, 17 portals, 25 km underground workings, power & water access, permanent camp already in place 100% owned, 59,000-hectare district-scale property in safe & stable British Columbia, Canada EXPERIENCED LEADERSHIP TEAM Well rounded & extremely successful group of geologists, engineers, operators, marketing and capital markets professionals with 250+ collective years in discovering, building, operating, and selling multi-billion dollar mining projects all over the world COMMUNITY SUPPORTED & ENVIRONMENTALLY COMMITTED Collaborative & mutually supportive relationship with Community and Kaska Dena First Nations, including the training, hiring and development of local workforce and contractors Committed to advancing the projects under the highest ESG practices with continuous & transparent reporting UNDERVALUED WITH TREMENDOUS UPSIDE POTENTIAL C$32 M Market Cap* with significant leverage to the gold price, well capitalized, strong institutional support Focused on growing & de-risking the project to maximize Acquisition/Sale value via M&A Exit strategy Optionality for near term development leveraging infrastructure, mine permits & skillset on Cassiar South *As of June 9, 2025 1 Zelligan, Moors, Jolette, April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp., and references therein Why Cassiar Gold? Checking the Boxes
Page 24
Appendix
Page 25
25TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 The Cassiar Gold property is hosted within British Co lumbia’s inland belt of orogenic gold systems (140-120 Ma), with similarities to prolific orogenic gold districts such as the Abitibi Greenstone Belt and gold camps of Western Australia Gold Reserves in prolific orogenic gold districts: Abitibi Greenstone Belt: > 340 Moz Au1 (Past Production, Reserves & Resources) Yilgarn Craton: >350 Moz Au2 (Past Production, Reserves & Resources) Under-explored orogenic gold camps of BC: Cariboo-Barkerville (>5 Moz), Sheep Creek (0.7 Moz) and Cassiar Gold District (>0.4 Moz) Orogenic Go ld production accounted for 45% of all overall production in BC up to 20023 Click HERE for Allan, Rhys, Hart (2017) report on Orogenic gold mineralization of the eastern Cordilleran gold belt, British Columbia 1 Mercier-Langevin et al. (2020b); GSC Open File Report 8712 2 Sumail et al. (2024b); Temporal constraints on gold mineralization at the world- class Jundee deposit…; Precambrian Research, Vol. 10 3 Allan, M.M et al. (2017); GBC Report 2017-15 Tremendous Potential: BC's Inland Orogenic Gold Belt
Page 26
26TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Wings Canyon – A n area of intense iron-carbonate and sericite altered mafic volcanics with up to ~15% narrow sheeted quartz veining and disseminated pyritohedrons over ~500 x 180 m area. Alteration, veining & sulphide m ineralization is similar in character to the Taurus deposit. Historical d rill intercepts include 128.5 m of 0.56 g/t Au and 90.6 m of 0.55 g/t Au. 1 Limited exploration between Wings Canyon & the T aurus deposit which lies ~500 m to the northwest. 1 Assay results from 2009 Assessment Report on the Taurus Property, Event Number: 4469061, authored by Kristian Whitehead, BSc, GIT. Cassiar North: Wings Canyon
Page 27
27TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 1 Assay results from 2009 Assessment Report on the Taurus Property, Event Number: 4469061, authored by Kristian Whitehead, BSc, GIT. Snow Creek - Q uartz veining, pyrite, and varying amounts of silica, sericite, and iron carbonate similar to the Taurus Deposit. Cassiar North: Snow Creek
Page 28
28TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 1 Assay results from 2009 Assessment Report on the Taurus Property, Event Number: 4469061, authored by Kristian Whitehead, BSc, GIT. Approximately ~3 km long east-w est corridor with shallow and outcropping quartz veining, pyrite, and silica, sericite, and iron carbonate alteration Rocks and Quartz veining are similar in c haracter to those observed at the Taurus deposit, 2.5 km to the north of Newcoast Very limited historical drilling with s amples exceeding 5 g/t.1 Six drill holes totaling 2,172 m drilled at Ne wcoast by Cassiar Gold during the 2023 field season Three drill holes totaling 1,245 m d rilled at Newcoast in 2024 Cassiar North: Newcoast
Page 29
29TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Soil survey results: Identified mu ltiple gold-in-soil anomalies remain open b eyond the extent of the survey sample grid. DCIP Survey Identified new ta rgets with potential to host or control additional areas of mineralization. Cassiar Gold Discovers New Gold Occurrence, Expands Surface Mineralization, and Identifies Multiple Gold-In-Soil Anomalies at Cassiar North ELAN SNOW CREEK AUROCH NEWCOAST TAURUS MINE TAURUS RESOURCE PIT SHELL BOUNDARY WINGS CANYON HOPEFUL 2023 Soil & Induced Polarization Survey Findings
Page 30
30TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 2020 Drilling at Cassiar Gold Project Drill Campaign Project Area Drill Meters Description Taurus Deposit (Cassiar North) 23,167 m • ~80% focused on 50-100 m step-out holes around the deposit to test for extensions of key mineralized trends and potentially expand the resource laterally. • ~20% focused on infill, confirmation, and deeper drilling. Infill drilling will fill in gaps between widely spaced historical holes. Deeper drilling will focus on expanding mineralization at depth. Outlying Targets 5,212 m • Drilling at high-priority regional targets such as Newcoast, Lucky, and step-out holes at Wings Canyon. Cassiar South 11,983 m • Drilling focused on testing for blind parallel vein systems, known vein extensions, and vertical stacking of favourable stratigraphy. Exploration Fieldwork • Mapping and sampling work over a 34km2 area including various regional targets such as Newcoast, Elan, Snow Creek, and Lucky with over 300 grab samples collected. • Soil sampling program over a 3km2 area from Taurus East to Snow Creek regional target with over 480 samples collected. • Induced polarization (IP) survey over an 11km2 area at Cassiar North. Research and Development (ongoing) • Geological domaining at Taurus – initial petrologic and petrographic review, leading to DMIS; LECO sulphur and cyanide soluble gold analysis. 2022 + 2023 Exploration Program Overview
Page 31
31TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Ba in vein system produced 24,000 ounces of gold at an average grade of 13.71 g/t Au from 1993 to 1995.1 Historical drilling by previous operators in 1990/91, 2002, 2 008 and 2009 in unmined areas returned significant mineralized intercepts, demonstrating the continuation of the vein system to the east to form a 1.5 km long corridor of known high-grade mineralization (see table on right). The area was subject to additional mine development in 2 009 to within 50 m of the unmined East Bain vein, allowing for ease of potential future underground and mining access. 2Drill core lengths reported in the table on the right for 2021 East Bain/East Bain Ext drillholes are ~80-95% of true width. 3Pre-2021 composites calculated using historical assay data. Source documents for historical program details are as follows: • Bain, J., (1991) Erickson Gold Mining Corp., Geophysical, Geological and Diamond Drilling Report On Exploration Conducted In 1990 And 1991 In The Cusac Area, Erickson Gold Mine Property, Cassiar District, Liard Mining Division Volume I. Assessment Report 21,547. May 30, 1991. • Glover, M.J., (2002) Cusac Gold Mines Ltd., Table Mountain Gold Property, Diamond Drilling Report, Nu-Tara and Cordoba Claims, Liard Mining Division, East Bain Vein, 2002 Field Season. Assessment Report 27,079. December 3, 2002. • Van Bui, P., (2009) Hawthorne Gold Corp., 2008 geochemical sampling, geophysics, and diamond drilling assessment report for the Cassiar Gold Property, McDame Creek area, Liard Mining District, Northern British Columbia. Assessment Report 30,623. March 6, 2009. 1 Zelligan, Moors, Jolette April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp. Significant unmined historical and 2021 drill results in the unmined Eastern Bain corridor with grades of >10 g/t Au (*denotes Cassiar Gold drill holes) Target area Drill Hole3 From (m) To (m) Length2 (m) Grade (g/t Au) East Bain C90-340 146.55 148.00 1.45 52.19 C90-357 156.40 158.70 2.30 17.28 C90-359 140.30 143.00 2.70 34.99 C91-371 150.40 153.00 2.60 10.94 C91-373 154.95 158.30 3.35 21.71 incl. 0.90 71.57 02BG-02 170.20 172.80 2.60 41.30 02BG-03 126.20 132.80 6.60 6.65 incl. 2.60 13.02 02BG-04 186.6 188.8 2.20 8.34 BNS-0003 150.32 157.2 6.88 12.45 BNS-0005 111.83 115.72 3.89 10.50 BNS-0006 134.82 139.01 4.19 4.35 BNS-0007 125.10 128.40 3.30 28.61 21EB-300* 182.79 187.56 4.77 35.10 incl. 0.53 105.00 and 0.40 270.00 21EB-301* 143.76 150.13 6.37 12.64 incl. 2.95 25.70 and 0.78 85.35 East Bain Extension 21EBX-101* 203.16 207.71 4.55 3.27 22EBX-103* 361.89 364.05 2.16 32.95 incl. 0.6 123.5 Cassiar South: Bain Vein Drill Highlights
Page 32
32TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 1 Cassiar Gold Extends Gold Mineralization at East Bain Intersecting 14.6 m of 2.21 g/t Au and 2.2 m of 32.95 g/t Au . Vertical long section looking south-southeast at the Bain vein system with 2022 East Bain Extension drill hole results and select 2021 program intercepts. 04 APR 2023 Cassiar Gold Extends Gold Mineralization at East Bain Intersecting 14.6 m of 2.21 g/t Au and 2.2 m of 32.95 g/t Au Visible gold encountered in 22EBX-103 Cassiar South: Bain Vein Highlight
Page 33
33TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Permitted 300 tpd mill produced bo th gravity and flotation concentrates that were sold offsite. Mill was last in production in 20071 , partially refurbished in 2010 and currently in good condition. Covered by T able Mountain Permit (M-127). Recoveries averaged 93%2 and up to 96% at Cassiar South. Permitted Erickson Mill Facility, Cassiar Gold Project 1 Zelligan, Moors, Jolette, April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp. 2Cowley, 2017. NI43-101 Technical Report on the Cassiar Gold Property, British Columbia, Canada, for China Minerals Mining Corp, June 26, 2017, revised Oct. 2, 2017, and references therein SHAKING TABLEDRYER BALL MILL Fully Owned & Permitted Mill
Page 34
34TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Host rocks are a stacked sequence of gently dipping competent mafic v olcanic rocks layered with weaker altered ultramafic (listwanite) and fine-grained sedimentary units (ophiolite sequence). Shallow dipping high strain zones with carbonate-s ericite alteration are localized along the weaker listwanite and sedimentary units, acting as structural control and fluid conduits to vein systems. Gold-b earing veins formed in stacked mafic volcanic panels in NW -side down, apparent normal shear zones that accommodate displacement between weaker units. Pillowed Mafic Volcanic Listwanite Carbonaceous Sediments Cassiar Property Geology
Page 35
35TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Classic orogenic-style, quartz-carbonate pyrite-tetrahedrite + visible-gold-bearing shear veins with free gold.1 Veins occur in mafic volcanic rocks stacked between low- angle listwanite-bearing thrust surfaces and lenses of fine- grained clastic sediments. Mined veins average 2-3 m thick with local strike lengths of >600 m (eg. Vollaug, Bain) and extend 30-150 m down dip. Veins are spaced 10s to 100s of meters apart and stacked in multiple mafic units -- potential for untested parallel and vertical repetition. Listwanite shear zone with quartz vein, Bain areaA C B A C Schematic section, Main Mine, looking west West Bain Vein Main Mine Shear Vein Listwanite shear zone with quartz vein, Bain area BA C Quartz with gold + pyrite bands 1 Zelligan, Moors, Jolette April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp. Cassiar South: Classic Orogenic Gold Veins
Page 36
36TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 1 Zelligan, Moors, Jolette April 28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp. Cassiar North Taurus 2020 – 2021 Drill Plan 2022 NI43-1 01 Mineral Resource Estimate based on 462 drill holes (~56,500 m) drilled by previous operators and Cassiar Gold. 1 Cassiar drilled 39 holes in the Taurus a rea totaling 8,800 m in 2020 and 2021 intended to: Confirm historical drill data; Infill several widely drilled portions o f the deposit; and Test expansion potential though s tep-out drilling which resulted in the expansion of the deposit footprint. Both programs succeeded in confirming h igher grade corridors of mineralization and filled in gaps in the mineralization model. Basis of 2022 Mineral Resource Estimate
Page 37
37TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Target Area Drillhole From To Length Grade East Bain 22EBX-103 1 159.5 174.1 14.64 m 2.21 g/t Au Extension incl. 160.2 168.7 8.52 m 3.22 g/t Au incl. 164.7 168.7 3.98 m 5.05 g/t Au 361.9 364.1 2.16 m 32.95 g/t Au incl. 362.3 362.8 0.55 m 123.50 g/t Au 22EBX-106 2 281.6 281.9 0.36 m 14.75 g/t Au Main Mine 22MM-001 1 115.9 131.8 15.9 m 0.98 g/t Au incl. 120.6 126.4 5.9 m 1.50 g/t Au 22MM-002 1 255.5 256.1 0.6 m 4.18 g/t Au 269.0 294.1 25.2 m 0.59 g/t Au 308.6 332.8 24.2 m 0.61 g/t Au 22MM-0031 126.9 177.2 50.2 m 0.66 g/t Au 197.0 212.6 15.6 m 1.22 g/t Au 219.8 228.9 9.0 m 1.01 g/t Au Vollaug 22VOL-701 1 28.0 30.0 2.0 m 4.80 g/t Au incl. 29.0 30.0 1.0 m 7.03 g/t Au 22VOL-701A 1 28.7 29.9 1.2 m 5.77 g/t Au Cusac 22CU-407 1 21.1 24.5 3.4 m 2.35 g/t Au incl. 21.5 22.3 0.8 m 7.20 g/t Au 1Drill core lengths are reported here. True widths for these intervals have not been established 2Drill core lengths are reported here. Intercepts for the main Bain vein are 80-95% of true width Visible gold encountered in 22EBX-103 Visible gold encountered in 22WB-203 Cassiar Gold Intersects 50.2 m of 0.66 g/t Au, Including 15.6 m of 1.22 g/t Gold Mineralization at Cassiar South Cassiar Gold Extends Gold Mineralization at East Bain Intersecting 14.6 m of 2.21 g/t Au and 2.2 m of 32.95 g/t Au Cassiar South: 2022 Drill Program Highlight Intercepts
Page 38
38TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Target Area Drillhole From To Length* Grade Taurus East 22TA-142 129.8 152.0 22.20 m 1.50 g/t Au incl. 132.2 133.0 0.75 m 9.61 g/t Au 22TA-146 12.9 23.4 10.50 m 4.47 g/t Au incl. 13.8 17.0 3.25 m 11.12 g/t Au with 15.4 15.9 0.50 m 45.30 g/t Au incl. 20.4 21.1 0.75 m 12.65 g/t Au 22TA-167 226.0 239.7 13.70 m 2.24 g/t Au 22TA-169 4.5 11.1 6.60 m 22.44 g/t Au incl. 10.3 11.1 0.80 m 174.50 g/t Au Taurus Central 22TA-149 8.2 44.9 36.75 m 1.30 g/t Au incl. 29.1 34.4 5.29 m 4.09 g/t Au 22TA-152 157.4 177.6 20.20 m 1.33 g/t Au incl. 157.4 157.9 0.45 m 25.90 g/t Au 279.7 308.8 29.05 m 1.17 g/t Au Sable 22TA-148 8.7 38.8 30.10 m 1.41 g/t Au incl. 8.7 12.4 3.65 m 2.76 g/t Au and 21.5 23.9 2.35 m 9.08 g/t Au with 23.0 23.4 0.35 m 41.40 g/t Au 68.9 102.0 33.15 m 0.87 g/t Au incl. 68.9 88.3 19.45 m 1.14 g/t Au * Drill core lengths are reported here. True widths for these intervals have not been established Target Area Drillhole From To Length* Grade Taurus West 22TA-158 337.0 409.2 72.25 m 1.09 g/t Au 22TA-174 12.3 89.5 77.2 m 0.67 g/t Au 364.2 388.5 24.3 m 1.13 g/t Au 22TA-176 10.7 108.7 98.00 m 1.28 g/t Au incl. 41.7 45.8 4.10 m 12.02 g/t Au with 43.8 45.1 1.30 m 25.87 g/t Au incl. 65.0 65.6 0.55 m 17.80 g/t Au 22TA-178 51.4 103.4 52.00 m 0.60 g/t Au incl. 93.0 93.7 0.69 m 14.85 g/t Au 116.0 186.6 70.65 m 0.76 g/t Au incl. 153.5 161.1 7.60 m 2.02 g/t Au 22TA-180 177.5 249.1 71.6 m 1.54 g/t Au incl. 222.0 245.5 23.5 m 3.68 g/t Au incl. 222.0 223.0 1.0 m 37.40 g/t Au 22TA-182 194.7 253.5 58.8 m 1.34 g/t Au incl. 240.2 253.0 12.8 m 2.41 g/t Au incl. 250.6 251.2 0.5 m 13.75 g/t Au Taurus 22TA-160 69.0 88.9 19.95 m 0.72 g/t Au Southwest 214.0 234.3 20.35 m 0.51 g/t Au 22TA-161 8.2 180.1 171.88 m 0.66 g/t Au 22TA-172 28.0 167.4 139.35 m 0.61 g/t Au incl. 48.7 64.1 15.35 m 1.31 g/t Au with 61.3 61.9 0.65 m 6.28 g/t Au incl. 140.9 141.4 0.55 m 5.17 g/t Au 22TA-175A 189.0 239. 0 50.05 m 0.61 g/t Au incl. 224.7 233.2 8. 45 m 1.54 g/t Au * Drill core lengths are reported here. True widths for these intervals have not been established Cassiar Gold Expands Mineralization at the Taurus East Area, with Initial Assays of the 2022 Program Intersecting 1.50 g/t Au over 22.2 m and 4.47 g/t Au over 10.5 m Cassiar Gold Intersects 1.09 g/t Au over 72.3 m, 1.30 g/t Au over 36.8 m and Expands Mineralization at the Taurus Deposit Cassiar North: 2022 Drill Program Highlight Intercepts
Page 39
39TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Vertical section showing 22TA-161 at the Taurus Deposit, looking southwest with the 2022 Taurus Resource Block Model for reference. 1 Cassiar Gold Expands Gold Mineralization at the Taurus Deposit, Drilling Results Include 23.6 m of 4.19 g/t in the Taurus West Area 2 Cassiar Gold Expands Mineralization at Surface Intersecting 171.9 m of 0.66 g/t Au at the Taurus Gold Deposit Vertical section showing 22TA-187 at the Taurus Deposit, looking to the southwest. Assay results in red and higher-grade nested intervals in black are reported in this news release. Section width +/- 25m. Infill Drilling Intersecting 98 m of 1.28 g/t2 within Pit Shell & Step Out 171.9 m of 0.66 g/t Au2 beyond Pit Constrained Resource Extension of Higher Grade Trend below Pit Constrained Resource Intersecting 23.6 m of 4.19 g/t Au1 98.00 m at 1.28 g/t Au Taurus West & Southwest: Expanding Mineralization
Page 40
40TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Discovery of placer gold at Dease Creek started the gold rush in the area. 1877 saw a record-breaking 72 oz gold nugget recovered from McDame Creek. Discovery of first gold-bearing quartz veins followed by ~40 years of only small- scale mining by various operators. Start of larger-scale mining operations at Main, Vollaug, Cusac, Bain (Cassiar South) and Taurus (Cassiar North) mines producing a total of 350Koz gold in total until 1998. Discovery of Taurus West deposit by International Taurus Resources. Consolidation of the entire Cassiar gold property by Hawthorne Gold and advancement of drilling on the property. Hawthorne subsequently became Wildsky Resources, who continued exploration of the Cassiar North and South areas until 2018. Margaux entered into an agreement to acquire 100% interest in the project. Margaux exercised its option to fully acquire the project and rebranded to Cassiar Gold Corp. Cassiar Gold completed a 5,000 m-drilling program that confirmed the potential to expand the Taurus Deposit. 1872 1934 1979 1994 2008 2011 2019 2020 The Rich History of the Cassiar Gold District
Page 41
41TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 4,052-ha c amp consisting of the Sheep Creek and Bayonne properties. Thi rd largest past -producing orogenic gold district in BC behind Barkerville and Bralorne. Total production from 1900 to 1951 fr om 1.72 Mt of ore: 742,000 ounces of gold @ 14.7 g/t Au, ~365,000 ounces of silver, 377,000 lbs. of lead and 312,000 lbs. of zinc. 1 Geological analogue to Barkerville and t he Cassiar Gold District – camp hosts 60-70 gold-bearing quartz veins with the potential to carry high-grade gold; little modern exploration conducted since the 1950s. Full compilation and review of e xploration opportunities and approaches for exploration now underway. 1 August 17, 2017, NI43-101 Technical Report on the Sheep Creek Project authored by Robert A. Lane, MSc, PGeo. Sheep Creek: Camp Overview
Page 42
42TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Sheep Creek Property (2,912 ha): 10 km belt with 60+ known veins Individual veins exploited over 950 m strike l ength, up to 500 m depth Strong structural & stratigraphic control to v eining Bayonne Property (1,140 ha): Veins hosted entirely within granodiorite 10 known veins Historic production from the Bayonne Main vein an d A vein splay (950 m strike, 250 m down dip) In addition to extensions of known veins and additional parallel veins, there is untested potential for unexposed stacked veins where additional, competent folded units lie below the areas of historical mining, especially in anticlinal hinges. Donnybrook adit, Sheep Creek Project Sheep Creek Gold Belt Mine Sheep Creek Veining Sheep Creek: Exploration Potential
Page 43
43TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 "The multitude of structural forces driving metals has yet, in my opinion, to prompt a major re-rating of the valuations of these businesses, which continue to linger at historically depressed levels.“ - Tavi Costa of Crescat Capital Despite Gold reaching new record highs in 2024, gold miners are still far from their 2011 peaks. Seeing the trend? Central banks are transitioning towards Gold at a record pace! - Tavi Costa of Crescat Capital charts this development A Look at Gold in the Global Market
Page 44
44TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Alamos Gold’s (AGI-TSX/NYSE) acquisition of Argonaut Gold (AR-TSX) for enterprise valueof US$516 M 2024 Osisko Mining’s (OSK-TSX) sale of a 50% interest in the Windfall Gold Project to Gold Fields for C$634 M 2023 B2Gold’s (BTO-TSX, BTG-NYSE) acquisition of Sabina Gold & Silver for C$1.1 B Agnico’s (AEM-TSX/NYSE) acquisition of the remaining 50% interest in the Canadian Malartic Mine + Yamana’s Canadian assets for US$1 B cash + 36 M shares 2022 2020 Evolution Mining’s (EVN-ASX) acquisition of Newmont’s (NEM-NYSE) Red Lake Mine for up to US$475 M Kirkland Lake bought Detour Gold for C$4.9 B Equinox Gold’s (EQX-TSX) acquisition of a 40% interest in the Greenstone gold mine for US$995 M Calibre Mining’s (CXB-TSX) all-share acquisition of Marathon Gold (MOZ-TSX) for C$345 M Gold Fields’ (GFI-NYSE) acquisition of Osisko Mining (OSK- TSX) for C$2.2 B in cash Agnico Eagle (AEM-TSX/NYSE) is buying O3 Mining (OIII- TSXV) in an all-share deal worth C$204 M Recent Canadian M&A
Page 45
45TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 Warrant Expiry and Price # Issued Jun 2025 @ $0.70 135,001 Dec 2025 @ $0.50 7,690,441 May 2026 @ $0.50 22,770,559 Oct 2026 @ $0.50 1,106,628 Total 31,702,629 Potential proceeds from the exercise of warrants C$15.9M Warrant Schedule Options Expiry and Price # Issued & Outstanding Aug 2025 @ $0.75 1,120,000 Mar 2026 @ $0.60 1,615,668 Nov 2026 @ $0.79 395,000 Sep 2027 @ $0.66 1,810,000 Sep 2028 @ $0.345 1,270,000 May 2029 @ $0.28 1,155,000 Total 7,365,668 Potential proceeds from the exercise of options C$4.1M Options Schedule Capital Structure Breakdown
Page 46
Cassiar Gold Corp. Suite 450 – 800 West Pender Street Vancouver, BC, V6C 2V6, Canada Contact: E-mail: jasons@cassiargold.com Direct: +1 (250) 212-2122 Website: www.cassiargold.com Follow us on: @CassiarGold Cassiar Gold Corp @CassiarGold Cassiar Gold Corp