#1March 1, 2021 INVESTOR PRESENTATION FORAGE ORBIT GARANT TSX: OGD DRILLING#2Cautionary Statements FORAGE ORBIT GARANT DRILLING Forward-Looking Information Certain statements contained herein constitute "forward-looking statements" which reflect the current expectations of management regarding the Company's future growth, results of operations, performance, business prospects and opportunities based on information currently available to it. Wherever possible, words such as "may", "would", "could", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavor" and similar expressions have been used to identify these forward-looking statements. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, those listed in the "Risk Factors" section of the company's public filings. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements. These factors should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained herein are based upon what management currently believes to be reasonable assumptions, there can be no assurance that actual results, performance or achievements will be consistent with the forward-looking statements. Forward-looking statements are made as of the date hereof and Orbit Garant may not, and does not assume any obligation to, update or revise these forward-looking statements other than as specifically required by applicable law. For more information concerning the Company's risks and uncertainties, please refer to the Company's most recent MD&A and Annual Information Form which are available on www.sedar.com. Non-IFRS Measures This presentation makes reference to certain non-IFRS measures, including EBITDA and Adjusted Gross Margin, that do not have standardized meanings prescribed by IFRS and could be calculated differently by other companies. The Company believes that these measures, when presented in conjunction with comparable IFRS financial measures, are useful to investors and other readers because the information is an appropriate measure to evaluate the Company's operating performance. Internally, the Company uses this non-IFRS financial information as an indicator of business performance. These measures are provided for information purposes, in addition to, and not as a substitute for, measures of financial performance prepared in accordance with IFRS. EBITDA is defined as net earnings (loss) before interest, taxes, depreciation and amortization. Adjusted gross margin is defined as contract revenue less operating costs. Operating expenses comprise material and service expenses, personnel expenses, other operating expenses, excluding depreciation. Please refer to reconciliation in Appendix. INVESTOR PRESENTATION - MARCH 2021 2#3Company Overview 2 ~ 1,100 Employees 227 Drill Rigs Underground & Surface Drilling G Head office Regional offices Field operations H Regional offices: Sudbury, ON, Moncton, NB, Chile, Ghana, Guinea, United States, Burkina Faso and Guyana Current field operations: Canada, Burkina Faso, California, Chile, Ghana, Guinea and Guyana INVESTOR PRESENTATION - MARCH 2021 FORAGE ORBIT Val-d'Or Santiago Burkina Faso GARANT DRILLING ORBIT GARANT PORAGE ORBIT GARANT BF SIS ORBIT @ GAPANY 3#4Market Position (by % of revenue*) Drilling Activity Customers Underground 66% 34% ■ Surface 73% Resource Exposure * For the six months ended December 31, 2020 78% 27% ■ Juniors Regions 15% FORAGE ORBIT International Majors & Intermediates ■ Canada 85% Drilling Services 22% ■Base Metals / 40% ■Specialized Other ■ Gold 60% ■Conventional GARANT DRILLING Diversified revenue mix with a weighting towards gold and major and intermediate mining companies INVESTOR PRESENTATION - MARCH 2021 *For the three months ended September 30, 2019.#5Competitive Strengths FORAGE ORBIT GARANT DRILLING • . • • Long-established, leading Canadian-based mineral driller focused on gold projects Combined surface and underground expertise / specialized drilling / senior management field experience Focus on continuous innovation Vertically-integrated manufacturing operations Strong health & safety and driller training programs Long-standing customer relationships Growing presence in strategic international markets enhances metals, customer and geographic diversification INVESTOR PRESENTATION - MARCH 2021 Well positioned to continue building market share 10 5#6Drilling Services & Expertise • Surface Underground FORAGE ORBIT GARANT DRILLING 0000 Specialized Drilling Standard diamond coring / core rod Standard/reverse circulation (deep hole) AWL PWL calibre Geotechnical drilling Directional core drilling • Standard rod / core rod AWL - HWL calibre Directional core drilling Drilling projects that are in remote locations or, because of the scope, complexity or technical nature of the work, cannot be undertaken by smaller conventional drilling companies • Geotechnical drilling Full service offering with expertise in specialized drilling INVESTOR PRESENTATION - MARCH 2021 16#7Vertical Integration / Health & Safety / Driller Training • Vertically integrated manufacturing operations provide competitive advantage Ability to design and manufacture custom drill rigs and equipment for customers at a competitive cost with faster delivery 。 Key to continuous innovation (e.g. computerized control and monitoring technology) In-house drill rig maintenance / modifications supports optimum utilization rates and performance Health & Safety and Environmental practices align with, or exceed, the strict requirements of senior mining companies Driller training school in Val-d'Or Ongoing training for new technologies, techniques and safety / environmental standards INVESTOR PRESENTATION - MARCH 2021 Superior quality and customer value FORAGE ORBIT GARANT DRILLING 7#8Continuous Innovation Computerized Monitoring and Control Performance Highlights Additional Feature Benefits for Customers Greater accuracy Improved productivity (+30%) Fewer consumables Rig components last longer Easier to train personnel Real-time, remote monitoring of drilling progress Ability to view core samples remotely INVESTOR PRESENTATION - MARCH 2021 Competitive differentiation through innovation FORAGE ORBIT GARANT DRILLING 8#9Strong Customer Relationships Newmont BHP e Hecla MINING COMPANY FORAGE ORBIT GARANT DRILLING OSISKO AGNICO EAGLE MINING eldorado gold ⒶAngloAmerican GLENCORE Core strengths support long-term customer relationships INVESTOR PRESENTATION - MARCH 2021 9#10International Operations FORAGE ORBIT GARANT DRILLING Chile / South America Operating subsidiary established in Chile (FY 2013) Acquisition of Captagua in FY 2016 。 17 surface drill rigs / 5 underground drill rigs International Revenue ($ millions) 1 52.2 43.3 • Strong platform for growth in Chile / South America 25.9 28.8 West Africa Operating subsidiaries established in Ghana (FY 2015), Burkina Faso (FY 2016), and Guinea (FY 2021) Acquisition of the drilling business of Projet Production International in Burkina Faso (Q2 2019) 13 surface drill rigs, support equipment, existing customer contracts, ~100 new employees South American growth strategy being applied in West Africa 2.9 15.1 10.9 2015 2016 2017 2018 2019 2020 H1 2021 Fiscal years ended June 30th 1) The revenue declines in FY 2020 and H1 FY2021 reflect the impact of the COVID-19 pandemic. The revenue decline in FY 2020 also reflects the conclusion of a multi-year drilling contract in Chile at the beginning of Q4 FY2019. Orbit Garant is bringing its combined surface and underground drilling expertise to international markets INVESTOR PRESENTATION - MARCH 2021 10#11• • Declining Global Gold Discoveries Global Gold Discoveries vs. Exploration Spending, 1990-2019 S&P Global Market Intelligence Gold in major discoveries Projected new gold in major discoveries Gold Exploration Budgets INVESTOR PRESENTATION - MARCH 2021 120 160 Gold in major discoveries (millions of ounces) 0 40 1990 1991 80 1992 1993 200 240 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 Gold discovery rates are down significantly from the 1990s and 2000s despite high exploration spending No major gold discoveries in recent years 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Gold exploration budget (US$ millions) 11 FORAGE ORBIT GARANT DRILLING#12Declining Reserves in Global Gold Sector Major Gold Producers' Years of Reserves Remaining, 2008 vs. 2017 S&P Global Market Intelligence 2008 years remaining 2017 years remaining 2017 production INVESTOR PRESENTATION - MARCH 2021 reserves remainin of Production years 0 5 10 15 20 25 30 35 Barrick Gold Newmont Mining AngloGold Ashanti Goldcorp Navoi Mining Kinross Mining Newcrest Mining 55 59 Gold Fields Polyus Agnico Eagle Freeport-McMoRan China Gold Zijin Mining Shandong Gold Randgold Resources Yamana Gold Harmony Gold Polymetal Int'l. Nord Gold 0 6,000 5,000 4,000 3,000 2,000 1,000 FORAGE ORBIT GARANT 2017 production (000 (000s of ounces (saouno The senior gold producers' mineable reserves have dropped sharply, driving the need for significant spending on exploration and mine development S&P forecasts lower global gold production beyond 2022 due to declining reserves 12 DRILLING#13Global Exploration Budgets Annual nonferrous exploration budgets, 1996-2020 S&P Global Market Intelligence • 2020 aggregate global nonferrous exploration budgets total an estimated US$8.7 billion ~11% decline from 2019 due to impact of COVID-19 Smaller than expected year-over-year • decline due to rapid recovery of mining industry following project shutdowns More positive outlook for 2021 budgets ◆ Driven by higher gold and copper prices and stronger equity market support Estimated global nonferrous exploration budget (US$ billions) 24 21 18 15 12 1996 1997 1998 1999 2000 2001 2002 | 2007 2004 2005 2006 FORAGE ORBIT GARANT DRILLING 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Estimated global nonferrous exploration budget Annual indexed metals price Exploration budgets have rebounded from lows reached in 2016 INVESTOR PRESENTATION - MARCH 2021 3 2 0 Annual indexed metals price 13#14Gold Price ($US) (March 1, 2021) Spot gold price reached record high of ~US$2,075 per ounce in August 2020 Current price of gold is ~52% above its trailing 5-year low in late 2016 GOLD USD/oz 1,724.80 2,000 FORAGE ORBIT GARANT DRILLING руз 1,500 Strengthening price of gold supports: improved access to capital for mining 1,000 companies, and increased mineral exploration and development 500 spending Gold-related operations accounted for ~78% of Orbit Garant's revenue in the 0 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 first six months of FY 2021 Strong incentive for gold miners to boost exploration and development budgets INVESTOR PRESENTATION - MARCH 2021 14#15Historical Metres Drilled and Utilization Rates (in thousands of metres and average annual utilization rate %) FORAGE ORBIT GARANT DRILLING 69% 58% 62% 56% 54% 53% 43% 45% 40% 35% 1,490 1,537 1,428 1,293 1,298 1,152 997 893 825 2012 2013 2014 2015 2016 2017 728 2018 2019 2020 H1 2021 Fiscal years ended June 30 Improvement in drilling activity and utilization rates since OGD's Fiscal 2014 INVESTOR PRESENTATION - MARCH 2021 15#16Historical Pricing Revenue per metre drilled ($/metre)* FORAGE ORBIT 116 116 118 114 110 108 108 105 103 101 105 99 100 101 95 95 Q3 Q4 Q1 2017 2017 2018 Q2 2018 Q3 2018 Q4 2018 Q1 Q2 2019 2019 Q3 Q4 Q1 Q2 2019 2019 2020 2020 2020 2020 Q3 Q4 Q1 Q2 2021 2021 Figures are rounded to the nearest dollar. INVESTOR PRESENTATION - MARCH 2021 GARANT DRILLING 16#171) Q2 2021 Financial Review Revenue ($ millions) 38.3 36.0 35.6 20.2 llil 36.1 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 EBITDA¹ ($ millions) 8.4 1.0 0.4 0.3 FORAGE ORBIT GARANT DRILLING Adjusted Gross Margin¹ 4.4 12.5% 10.2% Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 2021 G&A Expense: Q2 2020 G&A Expense: $3.7 million (10.1% of revenue) $4.2 million (10.8% of revenue) Q2 2021 EPS: $0.01 23.3% 31.3% 21.3% Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 2020 EPS: ($0.06) Adjusted Gross Margin is a non-IFRS measure and is defined as Gross Profit excluding depreciation expenses. EBITDA is a non-IFRS measure and is defined as earnings before interest, taxes, depreciation, and amortization. See "Reconciliation of Non-IFRS measures" in the Appendix of this presentation. Improved year-over-year profitability reflects ramp-up in drilling activity in Canada and West Africa, improved operational efficiencies, and cost reduction initiatives INVESTOR PRESENTATION - MARCH 2021 17#18H1 2021 Financial Review Revenue (millions) Gross Profit (millions) EBITDA (millions) Adjusted Gross Margin¹ G&A expenses (millions) Net earnings (loss) (millions) Net earnings (loss) per share Total metres drilled FORAGE ORBIT Six months ended December 31, 2020 Six months ended December 31, 2019 $81.6 $71.7 $14.1 $9.3 $12.8 $6.1 26.3% 17.2% $6.9 $8.5 $3.8 ($1.3) $0.10 ($0.03) 727,676 753,120 GARANT DRILLING 1) EBITDA is defined as net earnings (loss) before interest, taxes, depreciation and amortization. Adjusted Gross Margin is defined as Gross Profit excluding depreciation expenses. See "Reconciliation of Non-IFRS measures" in the Appendix of this presentation. Solid recovery in financial performance during Fiscal 2021 following project shutdowns due to COVID-19 beginning in March 2020 INVESTOR PRESENTATION - MARCH 2021 18#19Balance Sheet FORAGE ORBIT GARANT DRILLING ($ millions) Cash Total current assets Total assets Total current liabilities As at December 31, 2020 As at June 30, 2020 2.2 5.0 79.3 77.5 126.4 129.8 47.9 25.4 Long-term debt and lease liabilities 6.3 36.4 Total shareholder equity 72.3 Working capital 31.4 68.0 52.1 The reduction in working capital as at December 31, 2020 compared to June 30, 2020 resulted from the reclassification of the amount outstanding under the Credit Facility from non-current to current liabilities due to the fact that the maturity date of the Credit Facility is currently November 2, 2021. Orbit Garant's working capital requirements are primarily related to the funding of inventory and the financing of accounts receivable. Orbit Garant is currently in discussions with its senior lender to renew its Credit Facility. INVESTOR PRESENTATION - MARCH 2021 19#20COVID-19 Update Drilling activity in Canada has returned to pre-pandemic levels FORAGE ORBIT GARANT DRILLING Operations in Ontario and Quebec have continued without significant disruption during calendar 2021 amid provincial lockdown orders Drilling activity in West Africa has increased significantly in recent months, while activity in Chile remains below pre- pandemic levels Planning to expand drill fleet in West Africa to accommodate increased demand Seeing increased opportunities in Chile, and scheduled to commence work on a new project in the country during Q3 2021 Precautionary health and safety measures implemented across OGD's operations Implemented cost reduction measures Reduced capital expenditures and inventory purchases, while implementing a program to progressively reduce overall inventory levels 。 Postponed non-essential expenses o Temporary 15% reduction in renumeration for senior management team and directors Continuing to manage variable cost structure and cash to support a reduced level of operations in certain regions, while maintaining the flexibility required to adapt to any increase in COVID-19 related restrictions, or to resume more normalized overall operations Recorded a benefit of $3.6 million related to the Canada Emergency Wage Subsidy program during Q4 2020, a benefit of $2.6 million during Q1 2021, and a smaller benefit of $0.2 million in Q2 2021 Increased financial flexibility through amended financing agreements with lenders, $1.7 million of loans secured by Chilean subsidiary in May 2020, and a $5.7 million reduction in debt and lease liabilities in Q2 2021 Orbit Garant considers the health & safety of its personnel and the communities in which it operates to be a top priority INVESTOR PRESENTATION - MARCH 2021 20#21Investment Highlights • . Industry leader in innovation and specialized drilling (underground & surface) Comprehensive infrastructure with vertically-integrated manufacturing operations Low-risk, diversified exposure to mining sector High exposure to gold-related projects - gold prices near record levels Strong market share in Canada and Chile - two of the most significant mineral exploration markets in the world Growing presence in West Africa - a rapidly growing market for mineral exploration FORAGE ORBIT GARANT DRILLING Well positioned to continue building market share and stakeholder value INVESTOR PRESENTATION - MARCH 2021 21#22APPENDIX FORAGE ORBIT GARANT DRILLING ORBITGARANT G#23Capital Market Profile ITGAR ANALYST COVERAGE: FORAGE ORBIT GARANT DRILLING PARADIGM CAPITAL TSX: OGD Recent close (March 1, 2021): $0.89 52-week high/low: $1.10 / $0.40 Market Cap: ~$36 million Shares Outstanding: 37,021,756 Fully Diluted: 40,418,190 Institutional / retail: ~ 40% / 60% (float) Management own approximately 27% of shares outstanding providing strong alignment with shareholders INVESTOR PRESENTATION - MARCH 2021 23#24Board of Directors & Senior Management FORAGE ORBIT GARANT DRILLING Jean-Yves Laliberté 123 Chair of the Board of Directors More than 25 years of experience in finance and accounting with extensive experience in the mining sector Chair of Cartier Resources Inc. (previously served as Chief Financial Officer) Former Chief Financial Officer of Abitex Resources Inc. / Former Chief Financial Officer of Scorpio Mining Company Professional Chartered Accountant (CPA, CA) designation Co-founder of Orbit Garant Pierre Alexandre Vice Chairman & VP Corporate Development Pierre Rougeau Director 12 Nicole Veilleux 1* 2 Director Eric Alexandre 3 . More than 36 years of experience in diamond drilling Expertise in operational planning and business development • More than 30 years of experience in finance and business administration . • . • • Director, President & CEO • . Former Chief Financial Officer / Executive Vice President at Richmont Mines Inc. Held senior executive roles at Abitibi Consolidated Inc. and Abitibi Bowater Inc. Former investment banker at Geoffrion Leclerc Inc., Scotia Capital and UBS Warburg Chartered Professional Accountant with more than 30 years of experience in finance, including extensive experience in the Quebec mining sector Former Vice President, Finance at Richmont Mines Inc. Former auditor at KPMG LLP and financial analyst at Norbord Inc. and le Fonds régional de solidarité de l'Abitibi Témiscamingue Co-founder of Orbit Garant More than 20 years of experience in finance, with expertise in financial and administrative management Former Commercial Account Director for the National Bank of Canada Experienced surface driller Professional Chartered Accountant (CPA, CMA) designation More than 26 years of management and financial planning experience, with expertise in financial negotiations and post-acquisition integrations Former Chief Financial Officer at Air Creebec Alain Laplante 3 • Vice President & CFO . Former Controller at Plastibec Ltée • Professional Chartered Accountant (FCPA, FGCA) designation 1. Member of Audit Committee (* Denotes Committee Chair) 2. Member of Corporate Governance and Compensation Committee 3. Certification from the Institute of Corporate Directors (ICD.D) INVESTOR PRESENTATION - MARCH 2021 24#25Reconciliation of Non-IFRS Financial Measures "EBITDA": Net earnings (loss) before interest, taxes, depreciation and amortization. Management believes that EBITDA is an important measure when analyzing its operating profitability, as it removes the impact of financing costs, certain non-cash items and income taxes. As a result, Management considers it a useful and comparable benchmark for evaluating the Company's performance, as companies rarely have the same capital and financing structure. "Adjusted gross profit and margin": Contract revenue less operating costs. Operating expenses comprise material and service expenses, personnel expenses, other operating expenses, excluding depreciation. Although adjusted gross profit and margin are not recognized financial measures defined by IFRS, Management considers them to be important measures as they represent the Company's core profitability, without the impact of depreciation expenses. As a result, Management believes they provide useful and comparable benchmarks for evaluating the Company's performance. INVESTOR PRESENTATION - MARCH 2021 FORAGE ORBIT GARANT DRILLING (unaudited) (in millions of dollars) 3 months ended December 31, 2020 3 months ended December 31, 2019 6 months ended December 31, 2020 6 months ended December 31, 2019 Net earnings (loss) for the period 0.3 (2.4) 3.8 (1.3) Add: Finance costs 0.7 0.7 1.3 1.4 Income tax expense (recovery) 0.5 (0.1) 2.1 0.4 Depreciation and amortization EBITDA 2.9 2.8 5.6 5.6 4.4 1.0 12.8 6.1 (unaudited) (in millions of dollars) Contract revenue 3 months ended December 31, 2020 3 months ended 6 months ended 6 months ended December 31, 2019 December 31, 2020 December 31, 2019 36.1 38.3 71.7 81.6 Cost of contract revenue (including depreciation) Less depreciation 30.7 35.9 60.2 72.3 (2.3) (2.4) (4.7) (4.7) Direct costs 28.4 33.5 55.5 67.6 Adjusted gross profit 7.7 4.8 16.2 14.0 Adjusted gross margin (%) (1) 21.3 12.5 22.6 17.2 (1) Adjusted gross profit, divided by contract revenue X 100 25