#1SIGNAL GOLD- Developing the Historic High-Grade Goldboro District in Nova Scotia TSX: SGNL OTCQX: SGNLF June 2023#2Cautionary Note Regarding Forward-Looking Information SIGNAL -GOLD- 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 of interest. 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 2#3Signal Gold: Developing the Historic High-Grade Goldboro District ➤ 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 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 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 100% Ownership, no royalties/streams Management team with a track record of success in mine start ups, operations, financing, M&A TSX: SGNL | OTCQX: SGNLF Established Platform for Growth, Targeting Annual Gold Production of 150,000 Ounces SIGNAL -GOLD- 3#4Goldboro: Nova Scotia's Next Gold Mine 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 TSX: SGNL | OTCQX: SGNLF Touquoy Beaverdam ww Mooseland Forest Hill Cochrane Hill Goldenville T Goldboro Deposit Fifteen Mile Stream Anaconda Mining Claims Moose River St. Barbara Ltd. Claims Other Selected Claims Gold Trend Wine Harbour Goldboro Project viewed to the East, showing the surface expression of the constraining open pit shells SIGNAL -GOLD- 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 • The Goldboro deposit has been tested down to 500 metres depth and remains open . The Goldboro deposit has been tested for a strike length of 1.7km with another 2km of geophysical signature to test 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 • 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 • • • • • Mar-21 Dec-21 O-OP Average Grade Recognition of significance of disseminated mineralization Use of Dynamic Anisotropy Constrained open pits were designed using only Measured and Indicated Resources Strategic Change in Development Plan 2021 Mineral Resource demonstrates a significant increased to the surface mining potential Continued Potential for Further Resource Growth Recent 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 SIGNAL -GOLD- 5#6Goldboro: 2021 Mineral Resource Estimate SIGNAL -GOLD- Resource Type Gold Cut-off (g/t gold) Category Tonnes November 2021 Mineral Resource based on: Grade (g/t gold) Gold Troy Ounces • 681 surface and underground drill holes Measured Indicated 7,680,000 2.76 7,988,000 2.89 681,000 741,000 • A total of 121,540 metres of diamond drilling, including 55,803 metres have been conducted by the Company Open Pit 0.45 Measured + Indicated 15,668,000 2.82 1,422,000 High quality Mineral Resource with Significant Growth Potential Inferred 975,000 2.11 66,000 • Measured 1,576,000 7.45 377,000 Constrained open pits were designed using only Measured and Indicated Resources Indicated 4,350,000 5.59 782,000 • 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 Opportunity to target Inferred Resources adjacent to the constrained open pits Infill program from March 2022 demonstrates significant opportunity to optimize the value of Goldboro, and 4,000 metre program to the west of the Deposit recently completed 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. 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%. 2. 3. 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 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-#10Near-Surface Mineral Resource Growth Potential SIGNAL IP Chargeability - Vertical Longitudinal Section (looking North) GOLD- +5250 300000 Expanded land package provides immediate opportunity for significant mineral resource growth to the west 288000 SIGNAL -GOLD- Exploration Potential, Goldboro Project, 2022 292000 296000 Ocean Lake EL 31726 275.29 ha Country Harbour EL 52391 971.4 ha EL 51359 275.20 ha EL 62815 1279.01 ha Goldboro Trend-7.5 kms Gold Brook Lake Past Producing Dolliver Mountain Mine West Pit East Pit EL05888 500.03 ha EL 62333 Goldboro EL 52332 101.9 ha 19420 ha isaac's Harbour 288000 292000 TSX: SGNL | OTCQX: SGNLF 296000 2.0 km Exploration Potential 400 m Boston- Richardson Dolliver Mountain +4500 Chargeability Anomaly West Goldbrook West Pit East Goldbrook Marker horizon East Pit 500 m SIGNAL -GOLD- +294750 E Chargeab ility prell... 30 +4500 Plunge 00 Looking North VLF Geophysics Value 60.9767 -108 493 Goldboro Gold Mince License Goldboro Trend <---Fault 1,000 2,000 metree Projection: NAD83 MTM Zone 4 Scale: 1:40,000 Date: 22/11/2022 • • Signal Gold has completed a 50-line kilometer Induced Polarization (IP) geophysical survey for 400 meters west of Goldboro, towards Dolliver Mountain The survey has defined mineralization to the west of the current deposit and identified any parallel signatures • These anticline/saddle reef are analogous to the Victorian Goldfields, which are known to continue at depth for multiple kilometres 300000 10#11Near-Surface Mineral Resource Growth Potential Lake 7.5 km Goldboro Trend Historic VLF Survey Current Drilling Past Producing Dolliver Mountain Mine West Pit East Pit IP Survey 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 400 meters west of Goldboro, towards Dolliver Mountain • The survey has defined mineralization to the west of the current deposit and identified any parallel signatures Isaac's Harbour • These anticline/saddle reef are analogous to the Victorian Goldfields, which are known to continue at depth for multiple kilometres TSX: SGNL | OTCQX: SGNLF 0 500 1,000 1,500 2,000 Meters Projection: NAD 1983 CSRS MTM Zone 4 Scale: 1:30,000 Isaac's Harbour Goldboro IP Chargeability Goldboro Trend High: 28.798 Historic Mine Shaft Low: 3.87991 Road Fault Pit Shell Signal Gold Licence SIGNAL -GOLD- 11#12Near-Surface Gold Discovery to the West 5007400 Selected composited highlights from the drill program include: . • 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: 5007200 292400 Extent of 2022 IP Survey 292600 292800 Area of Further Drilling 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 130.70 g/t gold over 0.5 metres at 79.9 metres in hole BR-22- 380; 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 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 Area of Further Drilling BR-23-383: 77.70 g/t gold over 0.5 metres at 123.0 meters in hole BR-22- 379; 5007000 11 BR-22-373: 11 20.59 g/t Au/3.0 m inc. 3.99 g/t Au/0.9 m 113.90 g/t Au/0.5m 21.00 g/t gold over 1.0 metres at 210.3 metres in hole BR-22- 377; and BR-22-376: BR-22-374: 0 25 50 75 100 125 0.76 g/t Au/4.1 m and 47.20 g/t Au/1.0 m • 28.10 g/t gold over 0.5 metres at 112.1 metres in hole BR-23- 381. Meters Projection: NAD 1983 CSRS MTM Zone 4 Scale: 1: 3,500 292400 292600 1.17 g/t Au/2.0 m BR-22-375: 11.40 g/t Au/1.0 m 292800 TSX: SGNL | OTCQX: SGNLF Goldboro West Pit Late 2022-2023 Drill Holes Previous Drill Holes Area of Current Drilling IP Chargeability 4950 RL High: 28.0 Low 3.8 Goldboro West Pit 293000 293200 293200 SIGNAL -GOLD 5007000 12 5007200 5007400 SIGNAL -GOLD-#135,007,200N 5.007.000N 5,006,800N 5,006,600N 5,006,400N 292,800E TSX: SGNL | OTCQX: SGNLF 4.72 18002 Goldboro Upside: Potential 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 13 NO00 2009 4.7002 4.800Z 4:9002 SIGNAL -GOLD-#14TSX: SGNL | OTCQX: SGNLF 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 Goldboro: Phased Development Approach for Long Life Mine Based on the June 2021 Preliminary Economic Assessment, UG development would start in Year 6 4.600EL 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 204,800E 4,400EL 4800EL Mining Blocks East Upper Central Lower Central Southwest West 254,600E 24,400E 204,200E 5200EL 204,800E 294 600E 294.400E Portal #1 East Pit Portal #2 5.000F 24,000E 203,800E 290,000E www 294 200E 294,000E Main Fresh Air Raise 203 800E 31009 10:52 293.400F 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 14 292,000E 4,400EL 4,600EL 4,800EL 292 BOGE 5,200EL SIGNAL -GOLD-#15Goldboro: Developing a First-Phase Open Pit Mine Environmental Assessment Approval received on Aug 2, 2022, a significant milestone in the regulatory approval process. Meanwhile, a 20,000-metre drill program is targeting both resource upgrades and longer-term growth. 2021 2022- 2023 2024 2025 Updated and expanded Mineral Resource in February Completed Preliminary Economic Assessment in June Delivered Phase 1 Definitive Feasibility on Open Pit development at Goldboro in December Completed the Environmental Assessment Registration Document and submitted in June 2022 ✓ Environmental Assessment Approval received on Aug 2, 2022 Drill program to the west of the deposit has been initiated Permitting and environmental baseline studies ☐ Arrange financing ☐ Detailed Engineering Commences Detailed Engineering Site Construction Surface mining Pre- Production ☐ Process Plant Commissioning First gold pour end of year TSX: SGNL | OTCQX: SGNLF SIGNAL -GOLD- 15#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 Brian Jackson, P.Eng. Project Director, Goldboro Gold Project 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 Mary-Lynn Oke, CPA, Interim Chair Previously Vice President of Finance, Chief Financial Officer, Manitoba Business Unit of Hudbay Minerals 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 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 Symbol Shares Outstanding TSX: SGNL OTCQX: SGNLF 205.6M Options 2.2M Share Units 4.3M Warrants 28.3M Fully Diluted 240.4M Market Capitalization $49.3M • • Share Price (Jun7, 2023) $0.240 52 Week High/Low $0.235 $0.570 • Cash Position (As of March 31, 2023) $16.2M TSX: SGNL | OTCQX: SGNLF SHAREHOLDERS 22% 75% 3% Institutions Mgt & Board Retail Analyst Coverage Raymond James Sprott Equity Research Beacon Securities MPartners Velocity Trade Capital Craig Stanley Brandon Gaspar Michael Curran Eric Carstairs Paul O'Brien SIGNAL -GOLD- 17#18• Baie Verte Mining District, Newfoundland . • • • • Point Rousse - Excellent Infrastructure At the Point Rousse operation, mining at the Argyle Mine was completed in January 2023 and the site is transitioning to care and maintenance. The 1,300 tonne per day Pine Cove flotation plant at Point Rousse is the only operating gold mill in Newfoundland Fast track from discovery to development Fully-owned port facility with tide water access The Company is considering strategic alternatives to maximize the value of its Newfoundland assets Prolific mining camp for high grade gold deposits Hosts five (5) known gold deposits - all within 50 km Home to two (2) past producing high-grade gold mines (Nugget Pond at 9.85 g/t and Hammerdown at 15.74 g/t) Three (3) gold mines in the region have produced more than 400,000 oz of gold +100 km of prospective strike - similar structural setting to other large gold camps . ~11,000 ha of prospective mineral lands TSX: SGNL | OTCQX: SGNLF White Bay Point Rousse Project Pine Cove Open Pit Mine Argyle Open Pit Development Project Stog'er Tight Open Pit Mine 278 Zone Nugget Pond Tilt Cove Project تسیس Baie Verte Line Hammerdown Project Notre Dame Bay Newfoundlan Sea Newfoundland 75 160 تشية N SIGNAL 18 -GOLD-#19Signal Gold: Key Investment Takeaways Signal Gold offers investors unique exposure to a growing gold mining district in Canada with discovery upside and mine development re-rating potential. Largest gold deposit in Nova Scotia and one of the highest-grade open pit resources in eastern Canada, with continued growth potential in all directions ➤ Significantly expanded land package provides district-scale potential ➤ Quality exploration potential immediately to the west of the current Goldboro Deposit, ongoing geophysical survey to further define targets for growth along strike and west from the Deposit and through the past producing Dolliver Mountain Gold Mine Drilling has confirmed that Goldboro mineralization continues to the west, a minimum 10,000 metre exploration program underway to step-out further 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 Current valuation presents an optimal entry point for investors - Strong Valuation Upside TSX: SGNL | OTCQX: SGNLF SIGNAL -GOLD- 19#20Contact Information Kevin Bullock, President & CEO 647-388-1842 [email protected] 20 Adelaide St. East, Suite 915 Toronto, Ontario M5C 2T6 www.SignalGold.com