Copperstone Project Pitch

2018 Preliminary Feasibility Results Gold Price Annual Production NPV 5 IRR Payback Capex All In Sustaining Cost Mine Life Gold Recovery US$1,250 (See Note 1) 40,000 oz. US$27M 42.0% 2.3 Years US$23M US$875 oz 4 Years 95.0% US$1,500 (See Note 1) 40,000 oz. US$53M 83.0% 1.3 Years US$23M US$875 oz 4 Years 95.0% US$1,800 (See Note 2, 3 & 4) 45,000 oz. Less than 2 Year US$25 to $30M US$1,100 oz 6 to 8 Years 95% Note 1: Note 2: Note 3: Note 4: A ARIZONA GOLD CORP National Instrument 43-101 Technical Report dated April 1, 2018: Preliminary Feasibility Study for Copperstone Project, La Paz County, Arizona. Assumes Whole Ore Leach gold processing, 2% royalty and 4 year mine-life. Significant historical tax pools available from the predecessor company of approximately US$70 million which will offset the effective tax impact. Project Optimization based on Contract Mining, Whole Ore Leach gold processing, 3% royalty and 8 year mine life. Each added year of mine life increases Operating Cash Flow by approximately US$20M to US$25M at current gold prices Cautionary Note: Projections of Net Present Value and IRR are based on forward-looking estimates, including current expectations on recent exploration results, rate of production, anticipated changes to project capital costs and overall project economics. These forward-looking projections entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking projections. Such projections are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such projections and should not be relied upon by the Reader. 11

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