#1SIGNAL GOLD- Developing the Historic High-Grade Goldboro District in Nova Scotia TSX: SGNL OTCQX: SGNLF December 2023#2Cautionary Note Regarding Forward-Looking Information This presentation contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Signal Gold Inc. with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and include information regarding: (i) the amount of future production over any period; (ii) assumptions relating to revenues, operating cash flow and other revenue metrics set out in the Company's disclosure materials; and (iii) future exploration and development plans. Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Signal Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward looking information are the following: the requirement for additional funding for development and exploration; the fluctuating price of gold; success of exploration, development and operations activities; health, safety and environmental risks and hazards; uncertainty in the estimation of mineral reserves and mineral resources; replacement of depleted mineral reserves; the potential of production and cost overruns; obligations as a public company; risks relating to government and taxation regulation; volatility in the market price of the Company's securities; risks relating to title and First Nations; risks relating to the construction and development of new mines; risks relating to the dependence of the Company on outside parties and key management personnel; and risks in the event of a potential conflict ofinterest. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Signal Gold Inc., including Signal Gold annual information form, financial statements and related MD&A for the year ended December 31, 2021, all available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. 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. Signal Gold does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. Cautionary Note Cautionary statement NI 43-101: The Goldboro Gold Project Feasibility Study ("FS") was prepared in accordance with NI 43-101 and results were announced on December 16, 2021 and filed on January 20, 2022. The FS was completed by Nordmin Engineering Ltd. ("Nordmin") as Lead Mining, and Geological Consultant. Ausenco Engineering Canada Inc. ("Ausenco") acted as Metallurgical and Processing Consultant, Knight Piésold Ltd. ("Knight Piésold") as Tailings Consultant, GHD Ltd. ("GHD") as Site Water Management and Environmental Consultant, Lorax Environmental Services Limited ("Lorax") as Geochemistry Consultant, and McCallum Environmental Ltd. ("McCallum") as Consultation and Permitting Consultant. Please see the 'NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia' on January 11, 2022, for further details. Use of Non-IFRS Measures This Presentation may from time to time refer operating cash costs per ounce sold, all-in sustaining costs per ounce of gold sold, and earnings before income taxes, depreciation and amortization ("EBITDA"), because certain readers may use this information to assess the Company's performance and also to determine the Company's ability to generate cash flow. This data is furnished to provide additional information and are non-IFRS measures and do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS"). These measures should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and are not necessarily indicative of operating costs presented under IFRS. Refer to the Company's most recent MD&A for the definition and reconciliation of these measures. All dollar amounts in this presentation are expressed in Canadian Dollars (C$) unless otherwise noted. TSX: SGNL | OTCQX: SGNLF SIGNAL -GOLD- 2#3Signal Gold: Developing the Historic High-Grade Goldboro District Emerging Canadian gold camp which includes the largest gold deposit in Nova Scotia with continued growth potential in all directions, particularly near surface to the west of the existing Mineral Resource Significant land position in the Goldboro Gold District of approximately 19,450 hectares (195 km²) including a 28 km strike length along the Upper Seal Harbour trend and 23 km in the Lower Seal Harbour trend Open Pit Probable Reserves of 1,150,200 ounces of gold (15.8 million tonnes @ 2.26g/t Au), the highest grade undeveloped open pit reserve on the east coast of Canada 2021 Feasibility Study demonstrates an after-tax NPV 5% of C$328 Million and IRR of 25.5% (US$1,600 / C$2,000 gold) over a ~11 years life of mine, producing an average of 100,000 oz. per annum Environmental Assessment Approval received on Aug 2, 2022, a significant milestone in the regulatory approval process All major Permit Applications have been submitted and positive initial feedback has commenced 100% Ownership, no royalties/streams on main Project area Management team with a track record of success in mine development, operations, financing, M&A TSX: SGNL | OTCQX: SGNLF Established Platform for Growth, Targeting Annual Gold Production of 150,000 Ounces SIGNAL -GOLD- 3#4Goldboro: An Emerging Canadian Gold Camp Prolific and stable gold jurisdiction with over 8 M ounces of known gold in 11 deposits in 150 km radius; the Goldboro geological trend is similar to the Moose River project trend (St. Barbara) Caribou Beaverdam Fifteen Mile Stream Cochrane Hill Goldenville Forest Hill Wine Harbour Goldboro Deposit Goldboro Project viewed to the East, showing the surface expression of the constraining open pit shells SIGNAL -GOLD- Moose River Signal Gold Inc. Claims Open Pit Probable Reserves of 1,150,200 ounces of gold within: (15.8 Mt @ 2.26 g/t Au) Open Pit M&I Resources of 1,422,000 ounces of gold (15.7 Mt @ 2.82 g/t Au) Open Pit Inferred Resources of 66,000 ounces (975,000 tonnes @2.11 g/t Au), infill drilling recently completed Mooseland • St. Barbara Ltd. Claims The Goldboro deposit has been tested down to 500 metres depth and remains open • Other Selected Claims The Goldboro deposit has been tested for a strike length of 1.7km and a further 1.4 km of newly acquired geophysical signature is being drilled for expansion TSX: SGNL | OTCQX: SGNLF Note: 2021 FS Data - To be updated 4#5Significant Mineral Resource Growth Since Acquisition 3,200,000 2,700,000 Probable Reserves of 1,150,200 ounces of gold (15.8 million tonnes @ 2.26g/t Au) 2,200,000 1,700,000 1,200,000 700,000 200,000 2017 -300,000 g/t 7.5 6 4.5 3 1.5 0 TSX: SGNL | OTCQX: SGNLF 2018 2019 Mar-21 Dec-21 UG M+I UG Inferred OP M+I OP Inferred 2017 2018 2019 UG Average Grade Mar-21 Dec-21 O-OP Average Grade • • • SIGNAL -GOLD- High Quality Mineral Resource A total of 121,540 metres of diamond drilling, including 55,803 metres conducted by the Company 681 surface and underground drill holes Use of Bulk Sample Data and historical workings to determine plunge Recognition of significance of disseminated mineralization Use of Dynamic Anisotropy Constrained open pits were designed using only Measured and Indicated Resources Continued Potential for Further Resource Growth Infill Drilling from March 2022 targeted in-pit Inferred Mineral Resources to upgrade categorization and potentially increase revenue and reduce stripping ratio Completed 50 Line Km IP Geophysical survey to target extension of the deposit along strike to the west of the existing Mineral Resource Largest ever growth exploration programs of 12,000m currently drilling to the west of the current mineral resource throughout the summer 2023 5#6Goldboro: 2021 Mineral Resource Estimate (To be updated based on infill) Resource Type Gold Cut-off (g/t gold) Category Tonnes Grade (g/t gold) Gold Troy Ounces Measured Indicated 7,680,000 2.76 681,000 7,988,000 2.89 741,000 Open Pit 0.45 Measured + Indicated 15,668,000 2.82 1,422,000 Inferred 975,000 2.11 66,000 Measured 1,576,000 7.45 Indicated 4,350,000 5.59 377,000 782,000 Underground 2.40 Measured + Indicated 5,925,000 6.09 1,159,000 Inferred 2,206,000 5.89 418,000 Measured 9,255,000 3.56 1,058,000 0.45 Combined Open Pit and Indicated 12,338,000 3.84 1,523,000 and 2.40 Measured + Indicated 21,593,000 3.72 2,581,000 Underground* Inferred 3,181,000 4.73 484,000 * Combined Open Pit and Underground Mineral Resources; The Open Pit Mineral Resource is based on a 0.45 g/t gold cut-off grade, and the Underground Mineral Resource is based on 2.40 g/t gold cut-off grade. Mineral Resource Estimate Notes 1. 2. 3. Mineral Resources were prepared in accordance with NI 43-101 and the CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) and the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019). Mineral Resources that are not mineral reserves do not have demonstrated economic viability. This estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. Mineral Resources are inclusive of Mineral Reserves. Open Pit Mineral Resources are reported at a cut-off grade of 0.45 g/t gold that is based on a gold price of C$2,000/oz (US$1,600/oz) and a metallurgical recovery factor of 89% around cut-off as calculated from ((GRADE-(0.0262*LN(GRADE)+0.0712))/GRADE*100)-0.083. Underground Mineral Resource is reported at a cut-off grade of 2.60 g/t gold that is based on a gold price of C$2,000/oz (US$1,600/oz) and a gold processing recovery factor of 97%. November 2021 Mineral Resource based on: • 681 surface and underground drill holes • A total of 121,540 metres of diamond drilling, including 55,803 metres have been conducted by the Company High quality Mineral Resource with Significant Growth Potential . Immediate surface mineralization potential to the west demonstrated by recent drilling and geophysical IP Surveys Ongoing 12,000 metre diamond drill program 19,450 hectares (195 km²) including a 28 km strike length along the Upper Seal Harbour trend and 23 km in the Lower Seal Harbour trend 4. 5. Assays were variably capped on a wireframe-by-wireframe basis. 6. Specific gravity was applied using weighted averages to each individual wireframe. 7. Effective date of the Mineral Resource Estimate is November 15, 2021. 8. All figures are rounded to reflect the relative accuracy of the estimates and totals may not add correctly. 9. Excludes unclassified mineralization located within mined out areas. 10. Reported from within a mineralization envelope accounting for mineral continuity. TSX: SGNL | OTCQX: SGNLF SIGNAL -GOLD- 6#7Goldboro 2021 Feasibility Study: A Robust Open Pit Project C$328 MILLION, IRR 25.5% AFTER-TAX NPV 5% (US$1,600/oz Gold Price) ~11 YEARS OPEN PIT LOM MINE LIFE 100,000 OUNCES AVERAGE ANNUAL LOM GOLD PRODUCTION C$271 MILLION INITIAL CAPITAL 1.2 NPV TO INITIAL CAPITAL AFTER-TAX IRR (US$1,600/oz Gold Price) 95.8% AVERAGE GOLD RECOVERY US$773 per OUNCE LOM OPERATION CASH COSTS PER OUNCE US$849 per OUNCE LOM AISC PER OUNCE TSX: SGNL | OTCQX: SGNLF SIGNAL -GOLD- 7#8Goldboro 2021 Feasibility Study: Gold Price Leverage SIGNAL -GOLD- Description Unit Net Present Value (C$ M) . The Feasibility Study indicates a robust Project with strong economics at US$1,600 gold (C$2,000), with significant leverage in an increasing gold price environment % Variation % -20% -10% 0% +10% +20% US$/oz US$1,280 US$1,440 US$1,600 US$1,760 US$1,860 Au Price C$/oz C$1,600 C$1,800 C$2,000 C$2,200 C$2,325 0% C$M 219 274 529 684 839 • At a US$1,760 gold price (C$2,200), the after-tax NPV 5% of Goldboro increases to over $442 million, with an after-tax IRR of 31.7% and a payback period of only 2.5 years 3% C$M 140 269 398 526 654 Discount Rate 5% C$M 98 214 328 442 556 8% C$M 47 146 243 340 437 10% C$M 20 110 197 285 372 IRR % 11.7% 18.9% 25.5% 31.7% 37.5% TSX: SGNL | OTCQX: SGNLF Payback Period years 6.1 4.7 2.9 2.5 2.2 8#9294000 296000 N Goldboro 2021 Feasibility: Infrastructure and Facilities Infrastructure contained in a single watershed . • • . Fully lined Tailings Storage Facility designed for 16.4 million tonnes of tailings and 10.8 million tonnes of co- placed Waste Rock Employee Accommodation Facilities to house up to 175 personnel during operations, 350 personnel during construction. CIP Process Plant (including gravity circuit) Diversion of public road access Waste Rock Storage areas designed for 122 million tonnes of waste 5008000 292000 SIGNAL -GOLD Gold Brook Lake • Organic stockpile areas • Water Management Limiting infrastructure to one watershed is expected to reduce environmental impacts and simplify permitting TSX: SGNL | OTCQX: SGNLF 5006000 Isaac's Harbour 292000 294000 296000 0 Powerline Existing Road Proposed Road Open Pits Organic Stockpile Waste Rock Area Tailings Management Facility Polishing Pond Mill Infrastructure Area Water Treatment Plant Employee Accommodation Emulsion Transfer Tank Pad Explosive Storage Pad 0.5 km 5006000 9 5008000 SIGNAL -GOLD-#10Scale Upside: Near-Surface Mineral Resource Growth Potential Opportunity for resource growth to the west, towards the past producing Dolliver Mountain gold mine • Signal Gold has completed a 50-line kilometer Induced Polarization (IP) geophysical survey for 1.4 km meters west of Goldboro, towards and through the historic Dolliver Mountain Gold Mine • The IP survey has defined mineralization to the west of the current deposit and has identified parallel signatures . These anticline /saddle reef are analogous to the Victorian Goldfields, which are kilometres known to continue at depth for multiple TSX: SGNL | OTCQX: SGNLF 5005000 5005600 5006200 5006800 5007400 250 500 Meters Projection: NAD83 UTM Zone 20 Scale: 1:17,500 604000 604000 604800 605600 606400 1,000 Gold Brook Lake 607200 608000 Recent IP Survey Current Drilling 1.4 km Limit of Previous Resource Drilling Goldboro Deposit Past Producing Dolliver Mountain Mine Isaacs Harbour West Pit East Pit Legend Historic Mine Shaft Open Pit IP Chargeability Value Low: 2.63308 604800 605600 606400 607200 608000 High: 29.3027 5005000 5005600 5006200 10 5006800 5007400 SIGNAL -GOLD-#11Near-Surface Gold Discovery to the West Selected composited highlights from the drill program include: 5007400 • . 20.59 g/t gold over 3.0 metres (122.4 to 125.4 metres) in hole BR-23-383 including 113.90 g/t gold over 0.5 metres; 9.46 g/t gold over 2.0 metres (123.5 to 125.5 metres) in hole BR-23-381 including 15.40 g/t gold over 0.5 metres; 7.29 g/t gold over 2.5 metres (103.0 to 105.5 metres) in hole BR-23-382; 4.84 g/t gold over 3.0 metres (54.9 to 57.9 metres) in hole BR- 23-385; and 2.72 g/t gold over 3.5 metres (72.6 to 76.1 metres) in hole BR- 23-385 including 13.40 g/t gold over 0.5 metres. Significant high-grades were also intersected, including: . 130.70 g/t gold over 0.5 metres at 79.9 metres in hole BR-22- 380; 5007200 292400 Extent of 2022 IP Survey • 77.70 g/t gold over 0.5 metres at 123.0 meters in hole BR-22- 379; • 21.00 g/t gold over 1.0 metres at 210.3 metres in hole BR-22- 377; and 5007000 28.10 g/t gold over 0.5 metres at 112.1 metres in hole BR-23- 381. 0 25 50 75 100 125 Meters TSX: SGNL | OTCQX: SGNLF 292600 Area of Further Drilling 292800 293000 BR-22-379: 77.70 g/t Au/0.5 m BR-22-380: 130.70 g/t Au/0.5 m Limit of Previous Resource Drilling BR-22-377: 21.00 g/t Au/1.0 m BR-22-378: 19.00 g/t Au/0.5 m BR-23-385: 4.84 g/t Au/3.0 m inc. 17.80 g/t Au/0.5 m and 2.72 g/t Au/3.5 m inc. 13.40 g/t Au/0.5 m BR-23-382: 7.29 g/t Au/2.5 m BR-23-381: 11.05 g/t Au/1.6 m inc. 28.10 g/t Au/0.5 m and 9.46 g/t Au/2.0 m inc. 15.40 g/t Au/0.5 m Area of Further Drilling BR-22-371: 4.63 g/t Au/1.5 m inc. 10.50 g/t Au/0.5 m BR-22-372: 1.14 g/t Au/3.5 m Goldboro West Pit 293200 SIGNAL -GOLD- BR-22-373: 3.99 g/t Au/0.9 m BR-22-374: 0.76 g/t Au/4.1 m and 47.20 g/t Au/1.0 m Projection: NAD 1983 CSRS MTM Zone 4 Scale: 1: 3,500 292400 292600 BR-23-383: 20.59 g/t Au/3.0 m inc 113.90 g/t Au/0.5m BR-22-376: 1.17 g/t Au/2.0 m BR-22-375: 11.40 g/t Au/1.0 m 292800 Late 2022-2023 Drill Holes Previous Drill Holes Area of Current Drilling Goldboro West Pit 293000 IP Chargeability 4950 RL High 28.01 Low: 3.8 293200 5007000 11 5007200 5007400 SIGNAL -GOLD-#12An Emerging Canadian Gold District 590000 595000 Middle Country Harbour 600000 605000 610000 615000 620000 L N Trout ----- Upper Seal Harbour Anticline Harbour 1 Signal Gold now has a significant exploration base at Goldboro in Nova Scotia which is becoming one of Canada's larger scale, prospective development- stage gold districts The Company has now consolidated majority of the Goldboro Gold District in northeastern Nova Scotia, which encompasses an exploration area of 195 km² Includes a 28-kilometer strike length along the Upper Seal Harbour Anticline, the Goldboro Trend, which include the Goldboro Mineral Resource and the past producing Dolliver Mountain Gold Mine Also include a 23-kilometer strike length along the Lower Seal Harbour Anticline, which includes the past producing Lower Seal Harbour Gold Mine and Hurricane Island Gold Mine 5000000 5005000 5010000 4995000 West Side ountry Harbour. Country Harbour Mines Country Harbour Legend Goldboro Regional Anticlines TSX: SGNL | OTCQX: SGNLF 4990000 Lower Seal Harbour Anticline Harpellville, Larbour SGNL Goldboro Original Licence olland Goldboro Open Pits SGNL Goldboro Existing SGNL Newly Acquired Protected Areas and Parks Fault * Past Producing Mine 590000 Indian Rive Fisherman s Bickerton Port Bickerton Harbour West Dolliver Mountain Gold Mine* Goldboro Deposit Ocean Lake Upper New Harbour New Harbour New Harb East West Isaacs Godbro Harbou Lower Seal Harbour Gold Mine* Seal Harbour Hurricane Island Gold Mine* Drum Head Coddles Harbour 0 2,500 5,000 Metres Projection: NAD83 UTM Zone 20 Scale: Date: 1:125,000 05/07/2023 595000 600000 605000 610000 615000 620000 4990000 4995000 5000000 5005000 5010000 12 SIGNAL -GOLD-#13SIGNAL -GOLD- Targeting the Expansion of the Goldboro Gold District Opportunity for further regional resource growth based on a 2,700-line kilometre airborne magnetic and very low frequency ("VLF") electromagnetic survey • VLF anomalies are known to form distinct, linear conductive-high response closely aligned with mineralization along the Goldboro Trend, and specifically the Goldboro Deposit • • Survey indicates numerous VLF anomalies associated with both the Goldboro and Lower Seal Harbour Trends, a combined 51 kilometers of strike potential The Company has initiated a geological mapping and prospecting program to further refine and test new targets and develop detailed exploration plans to ultimately drill test the highest priority targets. 169 m 59 0000 West Side Country Harbour Head Lake 4 192 m VLF Anomalies Goldboro Trend 600000 Dolliver Mountain Gold Stormont Mine* Goldboro Deposit Seal Harbour Trend 610000 620000 N Ocean Lake 211 Goldporo Lower Seal Harbour Gold Mine* Quinces Long Lake Hurricane Island Gold Mine* Drum Head Past Producing Mine Goldboro Open Pits Goldboro Project Outline Fault Harpellville Fishermans Harbour nd Port Bickerton Provincial Park. 35 m Long ke Coddles Harbour New Harbour West New Ha 0 1 2 4 6 Kilometers Projection: NAD83 UTM Zone 20 Scalc: Date: 1: 125,000 08/11/2023 TSX: SGNL | OTCQX: SGNLF 590000 600000 610000 620000 13 5000000 5010000#145,007,200N 5.007.000N 5,006,800N 5,006,600N 5,006,400N 292,800E TSX: SGNL | OTCQX: SGNLF 4.72 18002 Scale Potential: Opportunity at Depth, Grade Distribution 293,200E Long Section Looking North-Northeast (15° Azimuth) of Resource Pit Shell 2.1 kilometres - Pit Shell 1582 East Goldbrook West Goldbrook Boston Richardson 1.4062 NEW BRUNSWICK 293,800E 294,000E 294,600E 294,400E 294,800E 294,600E 294,800E 5006,600N 295,000E 5.007,200N 125 ست 250 SIGNAL GOLD- Section 293500E Long Section of Resource Pit Shell, Goldboro Project, 2021 4,800Z Gulf of St. Lawrence 4.700Z NOVA SCOA P.E.I. Goldboro Project 4,600Z Halifax 5.007.000N Au Grade (g/t) <0.4 5,007,200N 0.4 -0.5 5.007,000N 0.5 1.0 5.006,800N 1.0 2.0 2.0-4.0 5.006,800N 5.006 400N Date: 4.0 10.0 10.0 - 20.0 5,006,600N >20.0 Pit Shell Projection: NAD 1983 CSRS MTM Zone 4 19/02/2021 5,008,400N 293,000E 293.000E 293,400E 50002 Pit Shell 4.9002 293,20DE Section 293500E 293,400E 293,800E NO06 900 293,6DDE 293,800E N002 200 5.0002 Section 294500E Pit Shell 4,900Z 4,900Z 4,800Z 4,800Z 4.700Z 4.7007 4,600Z 4,6002 294,000E 294,000E 294,200E 294,200E Section 294500E 294,400E 294,600E 294,40DE 294,800E 294,600E 5.006,700 294,800E NOOR 900 9 5.007,200N 5,007,000N 5.006,800N 5,006,600N 5,006,400N 14 NO00 2009 4.7002 4.800Z 4:9002 SIGNAL -GOLD-#15TSX: SGNL | OTCQX: SGNLF Phased Development Approach for Long Life Mine Signal Gold is approaching the development of Goldboro in a disciplined, capital efficient, phased approach, with the Phase I Feasibility Study focused on the surface mining component of a longer-term plan that would incorporate underground mining into the Project Starting with open pit mining provides lead time to drill off, upgrade and grow underground resources Based on the June 2021 Preliminary Economic Assessment, UG development would start in Year 6 The Phase II development is expected to take 18 to 24 months for underground production to start up Based on the PEA, the feed split would then be 2,200 t/d from the pit, 1,800 t/d from underground 5200EL 204,800E 294 600E 294400E 294 200E Portal #1 East Pit Portal #2 5.000F 4800EL 4.600EL 4,400EL 204,800E Mining Blocks East Upper Central Lower Central Southwest West 254,600E 24,400E 204,200E 24,000E 203,800E 290,000E www 294,000E Main Fresh Air Raise 203.800E 293.600E 293400E 293 200E 293 000E Portal #3 West Pit Portal #4 5000EL 0 200 400 600 800 1000 Meters 3009608 Looking Due South 293,200E 203,000E 15 292,000E 4,400EL 4,600EL 4,800EL 292 BOGE 5,200EL SIGNAL -GOLD-#16Signal Gold: Experienced Mining & Financial Team . · EXECUTIVE MANAGEMENT Kevin Bullock, P.Eng. President and CEO, Director Grew Volta Resources from a shell co. to its sale to B2Gold Robert Dufour, CPA Chief Financial Officer Previously CFO of Newmarket Gold and Crocodile Gold Amanda Abballe Vice President, Human Resources Paul McNeill, P.Geo. Vice President, Exploration Previously Principal Geologist with Paladin Energy Deidre Puddister Vice President, Sustainability BOARD OF DIRECTORS George Furey Chair Former Speaker of the Senate of Canada Kevin Bullock, P.Eng. Ted Kavanagh, MSc (Geo.) Former Director of Metals & Mining Finance, Americas for Société Générale Lewis Lawrick President and Chief Executive Officer, Magna Terra Minerals Mary-Lynn Oke, CPA, Interim Chair Previously Vice President of Finance, Chief Financial Officer, Manitoba Business Unit of Hudbay Minerals lan Pritchard COO, Belo Sun Mining Corp. TECHNICAL ADVISORY COMMITTEE Keith Bullock, P. Eng. Previously Glencore (Falconbridge), Mining Lead for Onaping Depth and Nickel Rim Depth projects (ret.) Michael Byron, PhD Former President & CEO of Nighthawk Gold Glenn Dobby, P.Eng and PhD Metallurgical engineering. Co-owner of Woodgrove Technologies, a minerals technology company Glen Kuntz Chief Technical and Innovation Officer-Ivanhoe Electric, Former Consulting Specialist Geology/Mining of Nordmin Engineering Jean-Pierre Landry, P.Eng. Registered Civil Engineer; Former director of Orex Exploration Executive team has over 100 years of cumulative experience in mining, with a track record of running safe, profitable operations. Experience in acquiring, financing, developing, and operating mining projects globally: Macassa, Kiaka, San Albino, Fosterville, Jansen, Côté. TSX: SGNL | OTCQX: SGNLF SIGNAL -GOLD- 16#17Signal Gold: Corporate Structure CAPITAL MARKET DATA (Nov 30, 2023) Symbol Shares Outstanding Options Share Units Warrants Fully Diluted Market Capitalization Share Price (Nov 30, 2023) 52 Week High/Low Cash Position (As of September 30, 2023) TSX: SGNL | OTCQX: SGNLF TSX: SGNL OTCQX: SGNLF 230.6M 2.0M 4.1M 44.7M 281.4M SHAREHOLDERS 22% 75% 3% Institutions Mgt & Board Retail $33.4M $0.145 • Beacon Securities $0.120 $0.425 • Velocity Trade Capital Analyst Coverage • • Raymond James Sprott Equity Research Craig Stanley Brandon Gaspar Michael Curran Paul O'Brien $10.1M SIGNAL -GOLD- 17#185516000 5522000 Betts Cove Mine 5528000 Tilt Cove: Targeting High-Grade Au and Cu/Au Deposits 586000 592000 N e Cove NINSULA Nugget Pond Mine Tilt Cove Mine 1.5 3 1 km 586000 TSX: SGNL | OTCQX: SGNLF 10 A East Pond Red Cliff Horizon Red Cliff Pond Nugget Pond Horizon West Pond Growler Nugget Pond Mine (Rambler Metals and Mining) *Low Water Venams Bight Formation Snooks Arm Snooks Arm Wild Bight Notre 598000 Scarp Zone Tilt Cove Tilt Cove Mine Venams Bight Round Harbour Tilt Cove 5522000 5528000 35 km of prospective strike including more than 15,000 ha assembled for the first time in 20 years Between 40-50 km from Pine Cove Mill along existing paved road networks Includes the Nugget Pond Horizon and Red Cliff Pond Horizons-iron formations Down-ice, Gold-in-soil anomalies, Alteration halos includes the replacement of magnetite by pyrite, IP chargeability anomalies associated with gold deposits 13 priority exploration targets including significant drill intersections of gold Past Producing Nugget Pond Mine included 537,672 tonnes at 9.85 g/t gold (168,748 oz) with 98% recovery 1 cm cm 18 SIGNAL -GOLD-#19Tilt Cove: Significant VMS Potential • 35 km of prospective strike for Gold Rich VMS - 11,575 Ha • • Proven geology with two past producing mines (Tilt Cove and Betts Cove) and one active mine (Ming Mine) within the Cambrian Mount Misery volcanics and equivalent • Tilt Cove produced 153,000 tonnes of copper and 43,000 ounces of gold up to 1967 (from 8.1 M tonnes of ore) Betts Cove produced ~96,000 tonnes of ore up to 1886 •⚫ Both deposits are open for expansion 1,350 t/d Nugget Pond Copper Mill central to the property (owned and operated by Rambler Mining) SZ-20-01 TSX: SGNL | OTCQX: SGNLF Past Producing Betts Cove Copper Mine Past Producing Tilt Cove Copper Mine SIGNAL -GOLD- 19#20SIGNAL -GOLD- Signal Gold: Key Investment Takeaways Signal Gold offers investors unique exposure to an emerging gold mining district in Canada, underpinned by a Feasibility Study, with significant demonstrated discovery and growth upside. ➤ Emerging Canadian gold camp which includes the largest gold deposit in Nova Scotia with continued growth potential in all directions, particularly near surface to the west of the existing Mineral Resource ➤ Significant land position in the Goldboro Gold District of approximately 19,450 hectares (195 km2) including a 28 km strike length along the Upper Seal Harbour trend and 23 km in the Lower Seal Harbour trend ➤ Quality exploration potential immediately to the west of the current Goldboro Deposit based on a 50-lin km IP Survey Drilling has confirmed that Goldboro mineralization continues to the west, a 12,000 metre exploration program underway to step-out further towards the past producing Dolliver Mountain Gold Mine and demonstrate the potential scale of the Goldboro Deposit Phase 1 Feasibility Study demonstrates an after-tax NPV 5% of C$328 Million and IRR of 25.5% (US$1,600 / C$2,000 gold) over a ~11 years life of mine, producing an average of 100,000 oz. per annum, with further scale potential with underground mineral resources and potential expansion to the west of the Deposit Environmental Assessment Approval received on Aug 2, 2022, a significant milestone in the regulatory approval process, and demonstrative of the strong social license that has been maintained by Signal Gold Mineral Lease, Industrial Approval and Fisheries Act Authorization applications were submitted in August 2023 Current valuation presents an optimal entry point for investors - Strong Valuation Upside TSX: SGNL | OTCQX: SGNLF 20 20#21Contact Information Kevin Bullock, President & CEO 647-388-1842 [email protected] 20 Adelaide St. East, Suite 401 Toronto, Ontario M5C 2T6 www.SignalGold.com