Fort Capital Investment Banking Pitch Book

Background to the Situation Since the formation of Corvus in 2010, Anglo Gold has held a significant ownership position in Corvus Background to the Situation August 25, 2010- International Tower Hill Mines Ltd. (ITH") spun out its existing Alaska mineral properties (other than the Livengood project) and the North Bullfrog mineral property and related assets in Nevada into a new public company, being Corvus Gold Inc. AngloGold owned 12.5% of ITH and as a result of spin-off retained 12.5% ownership in Corvus May 29, 2015 - Anglo Gold owned 14,698,876 Corvus Shares representing 18.3% of Corvus' outstanding share capital June 30, 2017 - Renaissance Gold signs option agreement on Silicon Project with AngloGold for a total of US$3M over 3 years December 4, 2017 - AngloGold entered into a confidentiality agreement with Corvus with an initial one-year term in order to have access to and review confidential and proprietary information in relation to North Bullfrog. Mother Lode and other exploration assets owned by Corvus located in Nevada August 10, 2020 - AngioGold owned 24,774,949 Corvus Shares representing 19.5% of Corvus' outstanding share capital May 22, 2020- AngloGold it will complete the option to purchase the Silicon project in Nevada from Renaissance Gold May 6, 2021 - Entered into a loan agreement with AngloGold to fund up to US$20M towards the ongoing permitting and pre-development work at the North Bullfrog project as well as going exploration at the Mother Lode property July 13, 2021 - The Company announced that it has received an unsolicited, non-binding proposal from AngloGold for the acquisition of the outstanding common shares not already held by AngloGold September 12, 2021- AngloGold and Corvus expected to sign an agreement setting out a revised offer of CS4.10 per share Corvus GOLD INC Confidentiality Agreement The term of the Confidentiality Agreement has been extended on an annual basis by the parties following the expiry of its initial term. • Under the Confidentiality Agreement, AngloGold may not, among other things, increase its equity stake in Corvus beyond 20% of Corvus' outstanding share capital or acquire any assets of Corvus Loan Agreement A fixed interest rate of 1.107025% with interest beginning 180 days after loan signing Repayment of loan will be the lesser of 12 months after loan origination date, or after all North Bullfrog project mine construction permits are obtained by Corvus A minimum of 70% of the loan amount to be spent on project work • Exclusivity period of 90 days which was extended to 120 days as a result of the AngloGold offer 6 Offer Summary Consideration of C$4.00 per common share payable in cash As of May 31, 2021, Anglo Gold owned 24,774,949 common shares representing approximately 19.5% of the total issued and outstanding common shares Fort Capital

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