#1LANNISTER MINING ギ LANNISTER Basin Gulch Property Advancing Potential for a World-Class Gold & Silver Deposit MINING 2022 INVESTOR PRESENTATION#2LANNISTER MINING | 2022 INVESTOR PRESENTATION DISCLAIMER This corporate presentation and the information contained herein (the "Presentation") is confidential proprietary and for authorized use only. It is being provided for the use of prospective investors solely for such investors' confidential use, with the express understanding that, without the prior permission in writing from Lannister Mining Corp. ("Lannister" or the "Company"), the investor will not copy this document or any portion of it or use any information contained herein for any purpose other than evaluating a potential investment in securities of Lannister. Under no circumstances are its contents to be reproduced or distributed to the public, media or potential investors without written authorization from the Company. Any failure to comply with this restriction may constitute a violation of applicable securities laws. Recipients are required to inform themselves of, and comply with, all such restrictions or prohibitions and Lannister does not accept liability to any person in relation thereto. This Presentation provides general background information about the activities of Lannister. Information disclosed in this Presentation is current as of July 31, 2020, except as otherwise provided herein and Lannister does not undertake or agree to update this Presentation after the date hereof. All information is derived solely from management of Lannister and otherwise publicly available third-party information that has not been independently verified by the Company. Further, it does not purport to be complete nor is it intended to be relied upon as advice (legal, financial, tax or otherwise) to current or potential investors. Each prospective investor should contact his, her or its own legal adviser, independent financial adviser or tax adviser for legal, financial or tax advice. No representation or warranty, express or implied, is made or given by or on behalf of Lannister or any of its affiliates, directors, officers or employees as to the accuracy, completeness or fairness of the information or opinions contained in this Presentation and no responsibility or liability is accepted by any person for such information or opinions. No person has been authorized to give any information or make any representations other than those contained in this Presentation and, if given and/or made, such information or representations must not be relied upon as having been so authorized. This Presentation contains "forward-looking information" within the meaning of applicable Canadian securities laws. This information and these statements, referred to herein as "forward looking statements", are made as of the date of this Presentation or as of the date of the effective date of information described in this presentation, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, without limitation, statements with respect to Lannister: (i) financial results, future financial position and expected growth of cash flows; (ii) business strategy, including budgets, projected costs, projected capital expenditures, taxes, plans, objectives, potential synergies and industry trends; (iii) research and development, including the Company's development of its technology, and the success of any clinical trials associated therewith; (iv) expectations concerning the size and growth of the global security/protection market, the effectiveness of the Company's technology compared to its competitors' products and the laws and regulations governing the development, production, sale and use of the Company's technology; and (v) ability to commercialize its products and navigate potential growth opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "targets", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "likely", "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including without limitation: (i) the availability and continuity of financing; (ii) the effectiveness of the Company's technology and the Company's ability to bring its technology to commercial production; and (iii) continued growth of the global security/protection market; and (iv) a continued minimal regulatory/legal burden concerning the development, production, sale and use of the Company's technology. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Lannister and its directors, officers and employees disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable law. Accordingly, current and potential investors should not place undue reliance on forward-looking statements due to the inherent uncertainty therein. All forward-looking information is expressly qualified in its entirety by this cautionary statement. This Presentation does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The technical content of this presentation has been reviewed and approved by Dean Besserer, P.Geol., who is a Qualified Personas defined by National Instrument 43-101. * Historical resource estimates from the 1980s and 1990s were completed prior to the implementation of NI 43-101 and the construction of the CIM Estimation of Mineral Resource & Mineral Reserve Best Practices Guidelines, updated November 29, 2019, along with the most recent CIM Definition Standards on Mineral Resources & Mineral Reserves dated May 10, 2014. These historical resource estimates use resource categories different from those defined by the CIM Definition Standards. In addition, even the most recent resource estimates that were completed on behalf of Basin Gulch Co LLC, were informal estimates that were not properly documented in any NI 43-101 Technical Report and were completed prior to the most recent CIM Guidelines of 2019, and CIM Definition Standards of 2014. A qualified person has not done sufficient work to classify any of the estimates as current mineral resources or reserves as per the CIM Definition Standards for Mineral Resources & Mineral Reserves (2014) and the CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines. Therefore, the potential quantity and grade at the Basin Gulch Property is conceptual in nature since there has been in sufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.#3LANNISTER MINING | 2022 INVESTOR PRESENTATION INVESTMENT HIGHLIGHTS Direct Listing to TSXV Lannister Mining is a private Montana based gold and silver developer focused on advancing the now consolidated, near surface, primarily oxide Basin Gulch Project, the majority of which is on patented land. With over 320 drill historical holes and a high-grade core, it boasts a historical, non NI 43-101, unconstrained resource of 3.5M oz AuEq at 0.89g/t. Open at depth, along strike and untested regionally. 01 02 • • • SIGNIFICANT CONSOLIDATED HISTORICAL RESOURCE Unconstrained (non NI 43-101) resource of up to 3.5M oz AuEq. Historical resource based on approx. 1/3 of drill holes. Open at depth, along strike with multiple nearby zones confirming additional mineralization requiring expansion drilling. 03 SIGNIFICANT HISTORICAL WORK Over 320 Drill holes • Highlight Drill holes: Trench Highlights: • 162m at 1.8 g/t Au (from surface) • 159m at 1.62g/t Au and 32g/t Ag • 326m at 0.66 g/t Au (from surface) • 146m at 1.4g/t Au and 23g/t Ag • 34m at 1.5g/t Au and 54g/t Ag • 61m at 1.25g/t Au and 45g/t Ag • 72m at 3.2 g/t Au (from surface) • 3m at 156 g/t Au • HIGH GRADE CORE, NEAR SURFACE Significant implied mine design optimization flexibility. • • . • • 14m at 25 g/t Au IP Data Shows strong conductivity anomaly extending to 450m depth below existing resource area(s). Extensive Au, As and Sb in soil anomalies throughout the Property, many of which are untested. Historic Mapping shows more than 10 Diatremes and/or breccias within the property. 2020 Surface Sampling by Independent with between 1 g/t and 7.6 g/t Au and 112 g/t Ag (Dufresne, 2020). 2#4LANNISTER MINING | 2022 INVESTOR PRESENTATION INVESTMENT HIGHLIGHTS • 04 LARGE, HIGHLY PROSPECTIVE CONSOLIDATED LAND PACKAGE Total Land Package includes 11 Patented Claims and 53 Unpatented Claims (1,107 Hectares). Multiple high priority targets near historic resource. 05 SAFE JURISDICTION 06 POTENTIAL FOR PREMIUM VALUATION • . US Based companies with NI 43-101 compliant resources are trading at a significant premium to their peers. Median enterprise value per gold equivalent total resource valuation amongst select trading comparables of ~US$50/oz (as of December 31, 2020). UPSIDE: Work conducted by Dawson Metallurgical Laboratories and Kinross suggest that coarse gold exists throughout the Property. Studies showed that gold grades increased using screen fire assays and/or bottle rolls from 6.5% to 39% over gold grades reported from standard Fire Assay in 17 Drill holes tested. 07 WORLD CLASS TEAM Located in the heart of the historic Philipsburg Mining District which lead the US's original Silver Boom in the late 1800's. Many of the same co-founders or senior executives as K92 Mining, Fosterville South Exploration, Turmalina Metals, Freeman Gold and Lithium X. K92 FOSTERVILLE SOUTH EXPLORATION ▲ Turmalina Б FREEMAN LITHIUMX GOLD CORD MINING INC. 3#5LANNISTER MINING | 2022 INVESTOR PRESENTATION ROUND SHARES ESCROW VENDOR'S ($0.005) 8,500,000 Standard 3 year escrow FOUNDERS ROUND ($0.008) 17,710,000 Standard 3 year escrow SEED ROUND ($0.10 w/Full Wt @ $0.20) 31,429,980 25% per qtr starting day 1 PRE IPO ROUND ($0.25) 7,400,000 4 months from trade date TOTAL ISSUED & OUTSTANDING SHARE STRUCTURE WARRANTS & OPTIONS* FULLY DILUTED 65,039,980 31,829,980 96,869,960 Notes: - Warrants will be tradeable and are exercisable at $0.20 for a period of 3 years - No outstanding payments - No Debt - Asset ownership is 100% - Royalty/NSR of 2% Management & Insider Ownership ~20%#6LANNISTER MINING | 2022 INVESTOR PRESENTATION Mario Vetro Interim CEO & Director Mr. Vetro is a principal of Commodity Partners Inc., a merchant bank active in the mining sector, and is a co-founder of K92 Mining Inc. He has extensive experience in structuring and advising resource and special situations companies. Mr. Vetro began working in the finance industry with one of the top investor relations firms in North America. He helped grow the firm from its inception, where, over a 5 year span the company was involved in over $500m in equity raises, as well as several buyouts, ranging from $100M - $1.5B. There he built a track record of helping to finance and grow public companies, as well as increase their liquidity through a global financial network. Mr. Vetro is a graduate of UBC with a major in Political Science. Meetul Patel Mr. Patel has worked in the capital markets for the past two years and previously as a Senior Accountant at KPMG LLP. His responsibilities included financial planning and analysis, tax, and audit. He also held prior audit positions, including a position with Canada Revenue Agency. Mr. Patel received a Bachelor of Business Administration (Hons) degree from Simon Fraser University in 2015 and obtained his Chartered Professional Accountant designation at KPMG LLP. LANNISTER MINING MANAGEMENT CFO Sheldon Chang VP of Capital Markets Mr. Chang is Vice President at Commodity Partners Inc., a merchant bank active in the mining sector. Previously, he was as an analyst with TIMIA Capital, covering Software-as-a-Service companies. He has been involved in over $70 million in equity and debt financings. Mr. Chang holds a Bachelor of Commerce with honours from the University of British Columbia with a specialization in Finance and Business Technology Management, and is a CFA Level III Candidate.. Dean Besserer VP of Exploration Mr. Besserer has more than 2 decades of exploration experience working in over 50 countries including much of North America, often leading projects with annual exploration budgets exceeding US $20 million. Previously, he acted as Vice President and partner at APEX Geoscience Ltd., a consulting firm with offices in Canada, South America, and Australia, where clients included BHP Billliton, Debeers, North Country Gold, Kaminak Gold, and more. Dean was also the Vice President of Exploration for various Junior Mining companies, and was a director of Brilliant Mining, Niiblack Resoures, and Graphite One. UT#7LANNISTER MINING | 2022 INVESTOR PRESENTATION Bryan Slusarchuk Director Mr. Slusarchuk is the former president of gold producer K92 Mining Inc., a company he co-founded and where he was a member of the Board of Directors and Audit Committee from Inception through to cash flow positive mining operations and the declaration of commercial production. He is the current CEO of Fosterville South Exploration and Zacatecas Silver, and is the President of Turmalina Metals. Mr. Slusarchuk has structured, financed and operated several private and publicly traded mining and exploration companies and has advised multiple governments and mining industry advocacy groups on formation of mining and investment policy. He is a past TEDX speaker on the topic of capital markets and finance. He has negotiated and completed on complex debt and equity financings for multiple resource industryissuers. LANNISTER MINING BOARD OF DIRECTORS Victor Cantore Director A. Max Mr. Cantore is the President, CEO and Director of Amex Explorations. He is a seasoned capital markets professional specializing in the resource and high-tech sectors. Mr. Cantore has over 25 years of advisory and leadership experience, having begun his career in 1992 as an investment advisor and then moving into management roles at both public and private companies. He has organized and structured numerous equity and debt financings, mergers and acquisitions, joint venture partnerships and strategic alliances. Serves on the boards of various companies both private and public. Mr. Zaretsky is a graduate of Columbia University and holds a Juris Doctorate from Nova Southeastern University, magna cum laude and with Honors. Zaretsky, Esq. Mr. Zaretsky has over 18 years of experience constructing funding and financing solutions for individuals and Director companies, both public and private, through private placement. He created Zemaso Management Company, which opened and operated its first private investment fund nearly 17 years ago, and continues to operate to this day, regularly completing multimillion dollar real estate financing and investment transactions.#8LANNISTER MINING | 2022 INVESTOR PRESENTATION LANNISTER MINING ADVISORY BOARD John Lewins Advisor Mr. John D. Lewins is a Mineral Engineer with over 35 years' experience in the mining industry, who has worked in Africa, Australia, Asia, North America and the former Soviet Union. Mr. Lewins is the Chief Executive Officer of K92 Mining Inc., a high grade gold producer in Papua New Guinea. K92 has in excess of 700 employees and contractors and is one of the fastest growing mining companies in the world during recent years in terms of both production profile and market capitalization. Mr. Lewins has successfully managed the development of a number of open pit and underground gold, precious and base metal mines from feasibility study through to profitable operations. Mr. Lewins has operated extensively at the corporate level in various roles from Executive General Manager to Director and Chief Executive Officer with a number of other mining companies, including MIM Holdings, First Dynasty Mines, Platinum Australia and African Thunder Platinum. Mr. Lewins received his National Diploma for Technicians (Extractive Metallurgy) from Technikon Witwatersrand, South Africa, a Bachelor of Science degree (Honours) in Mineral Engineering from University of Leeds, England and a Graduate Diploma in Management from University of Queensland. Tookie Angus Advisor Mr. R. Stuart "Tookie" Angus is an independent business advisor to the mining industry and is presently Chair of K92, San Marco Resources Inc., and Kenadyr Mining (Holdings) Corp. He is the former Head of the Global Mining Group for Fasken Martineau. For the past 40 years, Mr. Angus has focused on structuring and financing significant international exploration, development and mining ventures. More recently, he was managing Director of Mergers and Acquisitions for Endeavour Financial and was responsible for merger and acquisition mandates. Mr. Angus is the former Chairman of the Board of BC Sugar Refinery Limited, he was a Director of First Quantum Minerals Ltd. until June 2005, a Director of Canico Resource Corp. until its takeover by Brazil's CVRD in 2005, a Director of Bema Gold Corp. until its takeover by Kinross Gold Corporation in 2007, a Director of Ventana Gold Corp. until its takeover by AUX Canada Acquisition Inc. in 2011, and a Director of Plutonic Power Corporation until its merger with Magma Energy Corp. in 2011. He resigned June 30, 2017 as Chair of Nevsun Resources Ltd. following its acquisition of Reservoir Minerals in 2017. Mr. Angus holds a Bachelor of Law degree from the University of British Columbia and is a retired member of the Law Society of British Columbia. David Medilek Advisor Former gold analyst at Macquarie Capital Markets, Mr. Medilek is a mining professional with over 14 years of mining capital markets, corporate strategy and technical experience. In addition to serving as Vice President of Business Development and Investor Relations for K92. He is also a director of Minaurum Gold Inc. and Northern Superior Resources Inc. Prior to joining K92, he was an equity research analyst at Macquarie Group Limited, covering precious metals mining companies. He was previously a mining investment banker with Cormark Securities Inc. for over 4 years, gaining extensive capital raising and M&A experience. Mr. Medilek began his career as a mining engineer with a focus on underground mining, for over 4 years with Barrick Gold Corporation in Western Australia. Mr. Medilek holds a Bachelor of Applied Science in Mining Engineering with Distinction from the University of British Columbia, a Professional Engineer designation in the Province of British Columbia, and is a CFA® charterholder*. *CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA institute 7#9LANNISTER MINING | 2022 INVESTOR PRESENTATION MONTANA THE TREASURE STATE The first gold discovery in what was known as the Montana territory occurred in 1852 at Gold Creek, near present-day Garrison. Since then Silver, Copper, Nickel and Platinum have all been discovered and mined. Gold Silver Copper 買買買 Nickel Platinum Confirming Multi-Million Ounce Gold & Silver Mineralization, rapidly advancing towards Production.#10LANNISTER MINING | 2022 INVESTOR PRESENTATION STRONG MINING PRESENCE & INFRASTRUCTURE Mine Symbols O Operating mine ☐ Past producing mine ◆ Processing infrastructure WASHINGTON MONTANA ■ Gold □ Silver Antimony Copper LANNISTER MINING Uranium Molybdenum Geology ☐ Clastic sediment Mafic extrusive Felsic intrusive / Gneiss Volcano-sedimentary 0 Source: SNL Metals & Mining. OREGON 250 miles CALIFORNIA 0 250 kms IDAHO WYOMING COLORADO NEVADA UTAH 9#11LANNISTER MINING | 2022 INVESTOR PRESENTATION MULTIPLE PROJECTS ADVANCING 01 Sandfire Resources' Black Butte project has received its EIS and positive ROD. (2020) Multiple Montana Mines in Production 01 Barrick Gold's Golden Sunlight gold mine (7.2Moz Au) 02 Montana Resources- part owner/operators of the Continental Pit mine. Once known as the 'RICHEST HILL ON EARTH' with another 20 years of mine life remaining. 03 04 Stillwater Platinum Mine. (Sibanye Stillwater) Imerys Talc Mine. . 02 Hecla has been acquiring projects throughout the state: • Rock Creek Cu-Ag (149Moz Ag) 2015 ⚫ Montanore Cu-Ag (183 Moz Ag) Positive RoD - 2016 In a 2016 Montana Chamber of Commerce poll, 73% responded that they believe Montana should encourage mining. 03 Many projects have remained private and operated as small-scale mines, Madison Mine; Alder Gulch etc. 10.#12LANNISTER MINING | 2022 INVESTOR PRESENTATION THE BASIN GULCH PROPERTY Confirming Multi-Million Ounce Gold & Silver Mineralization, rapidly advancing towards Production. Basin Gulch is primarily on patented land, hosted in oxides, has seen over 320 drill holes in the past and has a historical, non 43-101, unconstrained resource of 3.5M oz AuEq at 0.89 g/t, and is open at depth, along strike and untested regionally. * The potential quantity and grade at the Basin Gulch Property is conceptual in nature since there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineates a mineral resource. (Brown, 2009) 11#13LANNISTER MINING | 2022 INVESTOR PRESENTATION THE PROPERTY Two thirds of the property still unexplored. It features year-round access from Philipsburg, MT on paved and well-maintained gravel roads and is only a one hour drive from Butte, MT. Lannister Mining's Basin Gulch Property is located in the heart of the historic Philipsburg Mining District which lead the US's original Silver Boom in the late 1800's. URCELL MOUNTAINS Kaspelle Montana * The property is underlain by a core of Patented Mining Claims surrounded by unpatented mining claims. Legend Twin Falls GREAT SALE LAKE DESERT LAKE DESERT Basin Gulch Claims 0 Patented Claims km Be Guich LANNISTER MINING Sidney n 12#14LANNISTER MINING | 2022 INVESTOR PRESENTATION BASIN GULCH TIMELINE 1987 Cable Mountain Mine Inc. Discovers the Basin Gulch Au-Ag deposit (2 drill holes). 1992 Chevron Minerals terminates all mining projects and sells to Cyprus Exploration. Complete 5 drill holes and 6 trenches. 1993-1997 Cable Mountain Mine inc. Completes 205 drill holes and 40 trenches. 2006 Cable Mountain becomes inactive after turning down a USD$50 Million offer from Kinross. 1988 Chevron resources options Basin Gulch. Drill 11 holes and 13 trenches. 1993 Cyprus becomes base metals focused and returns the project to Cable Mountain Mine. 1994 Csamt shows the mineralized diatreme extending to more than 1500ft. 2021 Lannister Mining acquires Basin Gulch Project from a private vendor. 13#15LANNISTER MINING | 2022 INVESTOR PRESENTATION HISTORICAL RESOURCE Average Grade Cutoff Grade g/t Au + Au Equivalent Ag g/t Au + Au Equivalent Ag Subarea Ounces Au Proven and Probable 0.34 0.17 Hilltop Minus Trail 2,018,352 0.51 0.17 Hilltop Minus Trail 1,012,651 2.06 0.17 Hilltop Minus Trail 264,431 0.51 0.17 Trail 80,117 2.06 0.17 Trail 33,400 0.45 0.17 A Block 5,502,298 0.82 0.17 A Block 2,509,139 Totals All Subareas 0.41 0.89 0.17 All 0.17 All 7,600,000 2,803,970 . Preliminary ore volume and gradeestimations, Basin Gulch, Montana: Draft consulting report to Cable Mountain Mine. • The property is underlain by a core of Patented Mining Claims surrounded by unpatented mining claims. • Note: Work Conducted by Dawson Metallurgical Laboratories and Kinross suggest that coarse gold exists throughout the Property. Studies showed that gold grades increased using screen fire assays and/or bottle rolls from 6.5% to 39% over gold grades reported from standard Fire Assay in 17 Drill holes tested. An independent Qualified Person ("QP") has not done sufficient work to classify the estimate discussed below as current mineral resources or reserves and is treating the estimate as historical in nature and not current mineral resources or mineral reserves. This historical estimate is presented only for the purpose of describing the extent of gold and silver mineralization and to outline the exploration potential. 14#16LANNISTER MINING | 2022 INVESTOR PRESENTATION HISTORICAL DRILLING & TRENCHING Trench Highlights: • 159m at 1.62g/t Au and 32g/t Ag • 146m at 1.4g/t Au and 23g/t Ag • 34m at 1.5g/t Au and 54g/t Ag • 61m at 1.25g/t Au and 45g/t Ag • Highlight Drill holes: • 162m at 1.8 g/t Au (from surface) • 326m at 0.66 g/t Au (from surface) 72m at 3.2 g/t Au (from surface) • 50m at 3.6 g/t Au • 3m at 156 g/t Au 14m at 25 g/t Au 5130000N 5132000N 5134000N PATENTED AND UNPATENDED CLAIMS -0098 0009- 298000E Moose Gulch Rd 6000- 300000E 302000E 6000- 5600 Upper Rock Creek Road 6000- 5600 2022 Property Boundary 6800- 1 mile 1 kilometre Patented Claims Braach Metesh Nabob Holdings USFS 15#17LANNISTER MINING | 2022 INVESTOR PRESENTATION REGIONAL GEOLOGY & GEOPHYSICS CSAMT Data through the diatreme showing the highly conductive mineralized portion of the diatreme extending to depths of more than 450m. Drilling depths to date are typically less than 200m with maximum drilling depths of 359m. Elevation (feet) 6600- 6400- 6200- 6000- 5800- 5600- LANNISTER MINING The Property contains a Diatreme Complex and a number of Breccias which are intersected by a number Thrust Faults which are believed to control mineralization. 5400- 4000 feet (approx.) Average Drilling Depth 16#18LANNISTER MINING | 2022 INVESTOR PRESENTATION THE BASIN GULCH PROPERTY Drill section from the Basin Gulch Property showing the continuity of gold mineralization from surface. Deposit untested at depth. Ag in ppm 200 2005.00 500 1000 10.00 15:00 15.00 20.00 欧藏品 添加 100050.00 5000 DHs by Aung ** - Vidic 单ㄖㄨ Ag in p... 0102 0205 05 10 1.02.0 20 HIGH GRADE GOLD AND SILVER FROM SURFACE (AREA A) Brown, 2009 Y -1000 60 100 150 200 17#19LANNISTER MINING | 2022 INVESTOR PRESENTATION DEPOSIT TYPES • Comparable Diatreme-Hosted Gold Deposits such as: Montana Tunnels Mine (Produced from 1997 to 2008) • 1.7 Million oz. Au, 30.9 Million oz. Ag (Eastern Resources) Current Resource (505,920 oz. Au, 8.7 million oz. Ag) Cripple Creek Gold Mine, Colorado, Newmont Mining Corp. Currently producing >300,000 oz Au annually 5060000 5110000 5160000 Missoula INFRASTRACTURE & LOGISTICS 310000 90 X Gramite Bagdad Mine Crescent Mine Philipsburg RANGE Gem Mountain Mine, 310000 10795 ft Powell 360000 410000 Helena 12 Powell Gate of The Wilds Legend N BOULDER MOUNTAINS 15 10190 ft Montana Tunnels Mine MOUNTAINS Debdge Nonal BOULDER MOUNTAINS Log Anaconda Big A 10651-ft Hole Rive Silver ow PIONEER MOUNTAINS Nation Forest Butte Jefferson 90 Golden Sunlight Mine SIL Bow 15 UTM N83 Zone 12 Beaverhead National Forst 10652 ft Madison 0 TOBACCO ROOT MOUNTAINS 40 km 10488 11134 t 360000 410000 5060000 5110000 5160000 X Past Producer 父 Lannister Mining Active Producer Major Cities LANNISTER MINING 18#20LANNISTER MINING | 2022 INVESTOR PRESENTATION PRODUCTION SCENARIOS Abundant smelting capacity in Western US. Lannister is evaluating production of concentrate as well as non-cyanide flowsheet designs. Cyanide processing of ore from new Montana O/P mines was narrowly banned statewide in 1998 (53% to 47% vote) following operator negligence and a low gold price. • However, new underground mines are permitted to use cyanide to extract ore. Expected process is the shipping of a high grade gold concentrate. Also evaluating potential for other non-cyanide processing alternatives (e.g. Barrick's non- cyanide thiosulphate process at Goldstrike). Concentrate testing (gravity/floatation etc) in progress. 500 mile Thompson Falls Smelter WASHINGTON OREGON radius MONTANA NORTH DAKOTA LANNISTER MINING Columbus Smelter SOUTH DAKOTA Diamond Creek Smelter IDAHO Twin Creeks Autoclave WYOMING Goldstrike Autoclave & Roaster NEBRASKA Gold Quarry Roaster Garfield Smelter NEVADA UTAH CALIFORNIA COLORADO KANSAS ARIZONA OKLAHOMA NEW MEXICO Source: SNL Metals & Mining. Hayden Smelter San Manuel Smelter TEXAS 19#21LANNISTER MINING | 2022 INVESTOR PRESENTATION TRADING COMPARABLES Total Resources (Moz AuEq) (1) Perpetua(5) RELATIVE POSITIONING Total Resources Grade (g/t) 1.51 Liberty Integra 4.6 Corvus 4.4 KORE Lannister* 3.9 3.5 GSV 3.1 Revival(4) 3.0 US Gold 1.7 Allegiant 1.5 Contact(2) 1.4 West Vault 1.3 Gold Springs 0.9 GFG n/a (1) Source: Company materials, Cormark Securities. Note: metrics shown on an equity ownership basis. *Historic (non NI 43-101) resource. AuEq calculations based on long-term commodity prices of US$1,800/oz Au, US$26.00/oz Ag and US$3.50/lb Cu. (2) Excludes optioned Cobb Creek property. (3) Includes Bolo and Eastside properties (hectares of other projects not disclosed on company website). 6.0 7.4 Contact(2) Perpetua(5) Revival(4) GSV 0.90 Lannister* 0.89 US Gold 0.72 Integra 0.71 Gold Springs 0.66 Allegiant 0.58 West Vault 0.56 KORE 0.54 Corvus 0.42 Liberty 0.42 GFG n/a (4) (5) Excludes Diamond Mountain property (Phosphate project). Total resources equivalency excludes Antimony resources. 1.11 1.37 20#22LANNISTER MINING ギ LANNISTER MINING Basin Gulch Property 2022 INVESTOR PRESENTATION Contact Info 604 687 7130 | [email protected] wwww.lannistermining.com 1500 - 1055 West Georgia Street, Vancouver, BC, V6E 4N7