Investor Presentaiton

" - " BIG KIDD PROPERTY SUMMARY Located within the Central Volcanic Facies of the Nicola Group, a narrow belt of alkaline volcanic and subvolcanic intrusives, which host numerous alkalic porphyry Cu-Au deposits including the Copper Mountain Mine south of Big Kidd and the Iron Mask Batholith (Afton, Ajax) to the north, as well as the recent MPD Copper-Gold Porphyry Project from Kodiak Copper. 2019 drilling extended BK Breccia to ~600m depth including an increase in chalcopyrite:pyrite ratio at depth suggesting a potentially larger mineralization system at depth and along strike. Potassic alteration within the BK Breccia is associated with a high Au:Cu ratio, including drill intercepts of: ◉ 541 m grading 0.28 g/t Au and 0.09% Cu in BK-19-002 ◉ 204 m grading 0.31 g/t Au and 0.11% Cu in BK-19-005 214.50 m grading 0.21 g/t Au and 0.13% Cu in BK-19-009 A shaft sunk in 1918 on the Big Sioux Zone in the north of the Property reportedly recovered 44 tons of 12.0% Cu, 68 g/t Ag and 0.6 g/t Au. Very limited historic drilling intersected encouraging grades, including 0.12% Cu, 0.15 g/t Au over 119m in hole 92-6. The Dago Zone in the southwest of the Property is characterized by a 4x background Cu-in-soil anomaly coincident with both a magnetic and chargeability anomaly, at least 1000 x 300 m. Limited drilling has intersected up to 4% Cu, 2.2 g/t Au over narrow widths. southatlanticgold.com 23 23 5534000 5535000 5536000 CUEQ% 1a 5a 672000 1a 7a 7a 400 m 5a South Atlantic GOLD 673000 HISTORIC DRILLING South Atlantic GOLD BIG KIDD Drawn By: OFriesen Date: April 22, 2017 Scale: 1:10,000 NAD83 Zone 10N 2.5 KM CHARGEABILITY ANOMALY 525 m LEGEND Chargeability Anomaly Drillhole with Assays Reported Cu-equiv Grade (see inset) la 1c 250 250 500 m la - Green to maroon andesite and minor basalt 1b-Augite, plagioclase phyric flows. 1c-Volcanic breccias coarse lapilli tuffs, lahars 1d - Maroon volcanic sandstones, minor cherts le-Green to maroon, bedded tuffs, volcanic breccias 1h-Hornfels. Strongly magnetic with epidote and pyrite 672000 5-Syenodiorite, syenomonzonite 5a- Microdiorite to microsyenodiorite 6- Monzonite, syenomonzonite 7-BK Breccia. monzonitic/syenodioritic fragments in a diorite to monzonite/syenomonzonite matrix 7a-Intrusion breccia. Volcanic fragments in a microdiorite matrix 1f- Maroon feldspar-porphyritic trachyandesite flows and dykes 673000 TSX-V:SAO 5534000 5535000

View entire presentation