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Investor Presentaiton

PRIORITY PROJECTS Hakuryu (4,901 ha) JAPAN GOLD Japan Gold Projects Barrick Alliance Projects Sanru (41,394 ha) 1 Aibetsu (11,007 ha) North Taio (7,009 ha) Kamitsue (4,069 ha) Tenryu (3,639 ha) Nakanosawa (1,938 ha) Buho (2,770 ha) Tobaru-Fuke Numanoue (1,296 ha) Ikutahara (21,332 ha) Kamimuri (47,984 ha) Kanehana (17,348 ha) Hokkaido 2 Onne (2,998 ha) (10,935 ha) Isa (5,964 ha) Usa (1,838 ha) Gumyo Bajo (10,774 ha) (4,478 ha) Honshu Tobaru Ohra-Takamine (3,705 ha) (1,347 ha) Kowa Ebino (15,741 ha) (389 ha) Kushikino-Iriki (11,163 ha) Yaeyama (5,460 ha) OT-Yaeyama (6,503 ha) 3 Kyushu 4 Mizobe (5,163 Ha) Kurino (933 ha) Onoyama (2,784 ha) Mizobe West (2,417 ha) Fujimi (2,201 ha) Harutomi (1,672 ha) Minamikayabe (638 ha) Togi/Togi Ext. (18,467 ha) N Onoyama-Yamagano (12,049 ha) Mizobe-Onoyama (5,126 ha) 0 250 500 km 1 Ikutahara | Kanehana | Sanru 2 numerous Host to the Kitano-o placer mine (96 Koz and produced) other well- preserved and under-explored vein prospects. Kanehana contains interpreted strike extensions to Ikutahara prospects, and stand- alone prospects with high-grade vein events. Buho Historical workings with open strike extensions and historical drilling intersected 3.5 m @ 21.8 g/t gold. Located along same gold fertile structure that hosts the 188 Koz Todoroki mine. 3 Bajo | North Taio Historical production 420 Koz gold, 336,000 of which were mined at grades greater than 120 g/t. Targeting potential extensions and parallel repetitions of the Bajo system and a large-scale system at North Taio. 4 Ohra-Takamine | Kushikino-Iriki Ohra-Takamine located along strike from the multimillion-ounce Hishikari, and Yamagano gold mines. Historical production includes high-grade shoots up to 21 Koz at grades >20 g/t gold. Kushikino-Iriki directly along strike of the 1.8 Moz Kushikino gold mine 15 Japan Gold Corp. | Corporate Presentation | December 2023 15 JAPAN GOLD CORP.
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