The Stars Project New Porphyry Discovery in B.C. October, 2018 TSX.V:MLG Drilling in Progress EXPLORING OPPORTUNITY DISCOVERY
COMPANY OVERVIEW Secure low cost assets with clear upside, exploration targets, and potential for new discoveries Focus on gold and copper opportunities in the Americas High quality targets specifically with bulk tonnage deposit styles in stable jurisdictions Strong proven management and share structure Strategy to efficiently build solid foundation for new discoveries Environment conscious team dedicated to protecting community and environment TSX-V: MLG FSE: X0VN.F
STARS PROJECT NEW PORPHYRY DISCOVERY IN BC 1 Exploration - Discovery stage porphyry copper-goldsilver-molybdenum project that is accessible year-round by vehicle and is close to infrastructure. 2 Proven Copper Porphyry environment falls within Major Porphyry Belt in Central BC. 3 Surrounded by open pit mines including, Goldcorp's Equity Silver Mine, Centerra Gold s Endako mine, and Imperials Metals Corp. s Huckleberry Copper-Gold-Silver mine. 4 High Grade Zones near-surface discovered hole 4 could play a significant role in the economics required to build a mine. Mine/Deposit Past Producer 5 Proximal rail, access to cheap power and water, access to a major port (Kitimat), low relief topography, and a near-by population centre put the Stars project in an ideal location for low-cost mine development
BC Copper Producers Mine Copper Equivalent Grades Ranging from 0.29% 0.55%
Prolific Mining District Proven Copper Porphyry environment : The 2,136 hectare property is underlain by volcanic flows and tuffs which have been intruded by quartz monzonite stocks, thought to belong to the Bulkley Intrusive Suite. Same geology as at the Huckleberry mine, a proven Copper Porphyry 60km to south. Prolific mining district: Houston The Stars project is surrounded by open pit mines including, Goldcorp's Equity Silver Mine, Centerra Gold s Endako mine, and Imperials Metals Corp. s Huckleberry Copper-Gold-Silver mine. Close to Infrastructure, year round road access, proximal rail, access to cheap power and water, access to a major port (Kitimat), low relief topography, and a near-by population centre put the Stars project in an ideal location for low-cost mine development
New Geophysics Identifies Porphyry System New Geophysics Identifies Porphyry System: Airborne Magnetics The recent detailed airborne magnetic survey identified a cluster of covered and untested circular magnetic anomalies between the two zones drilled in the current program. Multiple ( cluster ) targets are centered within a larger ovoid magnetic ring (skarn?) feature (or magnetic halo ) approximately 5 kilometres in diameter. Indicates the property is host to a large mineralizing system. Drill Hole Chemistry Indicates Multiple Targets: Drilling to date has identified copper mineralization with several sulphide minerals including pyrite-only mineralization transitions to pyrite-chalcopyrite to chalcopyrite-only to chalcopyrite-bornite indicating large zoned system. Higher temperature molybdenum rich mineralization identified within the central area indicates it is part of a larger multi-element system.
IP Survey Chargeability High Anomalies Ground Chargeability IP Chargeability High Anomaly IP Survey identifies several chargeability high anomalies Additional IP Surveys planned to follow Phase-2 Drilling
Coincident Magnetic Low-Chargeability High Targets Airborne Magnetics Coincident Mag Low - Chargeability High Anomaly Drill Hole Contact? Drill targets are focusing on coincident magnetic moderate to low and IP chargeability high anomalies similar to signatures of other deposits in the area
Tana Zone - Porphyry Drill Hole DD18-10 Successfully Tests Target 1 and Returns 405m@0.26% CuEq 204m @ 0.5% CuEq
Drill Hole DD18-1,2,3,4,10 Successfully Test Target 1 One World Trade Center 416m (1,325ft.) Results Pending Fault?
Stars Grades are Comparable to Characteristics of Some Important Cu-Mo Mines Deposit Mineralized Material (M+I+I)1
Assays Pending & Remaining Targets Being Drilled Airborne Magnetics
Airborne Magnetics STARS DRILL CORE
PALMETTO GOLD PROJECT OPEN IN ALL DIRECTIONS AND TO DEPTH N OPEN OPEN NORTHWEST ZONE Infill Needed Area not included in resource. OPEN OPEN DISCOVERY ZONE 200 meters Palmetto Ore Shells see Technical Report (Apr 26, 2018) TSX-V: MLG FSE: X0VN.F
PALMETTO GOLD PROJECT, NEVADA 43-101 Compliant Resource AuEg Cutoff(g/t) Tonnes ( 000s) Pit constrained resources Au (g/t) Ag (g/t) AuEg (g/t) Au (oz) Ag (oz) AuEg (oz) 0.10 11,716 0.84 6.69 0.93 316,430 2,520,930 349,720 0.14 10,134 0.95 7.29 1.05 310,360 2,374,120 341,720 0.17 9,152 1.04 7.70 1.14 305,500 2,266,120 335,430 0.20 8,322 1.12 8.11 1.23 300,580 2,169,780 329,240 Underground beneath Pit constrained resources AuEg Cutoff(g/t) Tonnes ( 000s) Au (g/t) Ag (g/t) AuEg (g/t) Au (oz) Ag (oz) AuEg (oz) 1.20 681 1.75 6.41 1.84 38,390 140,365 40,250 2.00 98 3.60 10.80 3.74 11,305 33,910 11,755 2.80 38 7.71 7.93 5.82 7,025 9,745 7,155 Palmetto combined resource statement Classification Tonnes ( 000s) Au (g/t) Ag (g/t) AuEg (g/t) Au (oz) Ag (oz) AuEg (oz) Inferred (Pit) 10,134 0.95 7.29 1.05 310,360 2,374,120 341,720 Inferred (U/G) Total inferred 98 3.6 10.8 3.74 11,305 33,910 11,755 321,665 2,408,030 353,475 TSX-V: MLG FSE: X0VN.F
SHARE CAPITAL STRUCTURE Issued and Outstanding Common Shares 88,135,263 Warrants Price (CAN $) Expiry # Outstanding 0.09 Aug 31, 2018 208,334 0.20 Nov 28, 2018 6,487,500 0.18 Dec 29, 2019 2,741,039 0.15 Dec 29, 2019 5,841,600 Stock Options Price (CAN $) Expiry # Outstanding 0.08 Feb 6, 2018 20,000 0.08 Jun 4, 2018 175,000 0.05 Oct 20, 2019 205,000 0.10 Sep 30, 2021 1,825,500 0.22 Marc 14, 2021 2,500,000 TSX-V: MLG FSE: X0VN.F Fully Diluted 108,138,736
MANAGEMENT ADRIAN SMITH P.Geo., B.Sc. President and Director BRIAN MORRISON B.Comm. Director ANDREW W. BOWERING B.A. CEO and Director Mr. Smith graduated from Simon Fraser University with a bachelor of science, specializing in geology, and has been a member of Association of Professional Engineers and Geoscientists of British Columbia since 2008. He is a qualified person pursuant to National Instrument 43-101. He has worked with mining and exploration companies since 2007 and worked as an underground mine geologist in the Shasta gold-silver mine in Northern British Columbia and at the Cantung mine, NWT, where he was involved in successfully identifying, modeling and producing ore in addition to known reserves. Mr. Morrison received a Bachelor of Commerce degree from the University of Northern British Columbia in 2004 and completed the Canadian securities course in 2006. From January 2005 to May 2008, Mr. Morrison was an account manager with Computershare Investor Services Inc., an international full-service financial services, corporate trust and stock transfer company. Since June 2008, he has been a self-employed consultant working in the area of public company administration. Mr. Morrison currently serves and has previously served as a director or as chief financial officer of various publicly traded issuers. Andrew Bowering, is a self-employed management consultant to public companies and has provided services in a variety of management and financial oversight roles. He has held senior executive positions and directorships in numerous public companies involved in mineral exploration in Canada, the United States, Mexico and China. He has an in-depth knowledge of securities markets, regulatory affairs and investor/public relations. Mr. Bowering has led several large acquisition programs in Northwest British Columbia, Alberta and Central Mexico. Mr. Bowering obtained a Bachelor's degree in Economics and Political Science, from the University of British Columbia in 1986. TSX-V: MLG FSE: X0VN.F
MANAGEMENT KOSTA TSOUTSIS Director SIMON CLARK Director Mr. Tsoutsis brings over 20 years of finance and capital market experience. Mr. Tsoutsis formerly worked as an investment advisor at Mackie Research, Jordan Capital Markets, and Canaccord Capital Corp. Mr. Tsoutsis has significant experience specializing in developing, restructuring and financing venture capital companies. Mr. Clarke has over 25 years of corporate finance and corporate development experience, mainly focused on resources and energy technology companies. He brings significant experience in building and growing businesses and implementing successful capital market strategies. Mr. Clarke has served as a Director and Audit Committee Chair for a number of public and private companies. Mr. Clarke qualified as a corporate and securities lawyer in 1990 and spent four years with the City of London law firm Simmons & Simmons, including two years seconded to the London Stock Exchange. TSX-V: MLG FSE: X0VN.F
Tel: (604) 669-2279 info@mlgoldcorp.com www.mlgoldcorp.com Fax: (604) 602-1606 Corporate Head Office 2000-1177 West Hastings Street Vancouver, BC Canada, V6E 2K3 President: Adrian Smith CFO: Brian Morrison CEO: Andrew Bowering Auditors: Davidson & Company EXPLORING OPPORTUNITY DISCOVERY TSX-V:MLG FSE: X0VN.F WWW.MLGOLDCORP.COM
FORWARD-LOOKING STATEMENTS & QUALIFIED PERSON Disclaimer This presentation may contain forward looking statements. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. NI 43-101 Qualified Person Adrian Smith is the Qualified Person (QP) as defined by National Instrument 43-101. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and is responsible for the technical information disclosed in this presentation TSX-V: MLG FSE: X0VN.F