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Investor Presentaiton

2. BUHO Defined drill targets based on historical drilling and geophysics; historical drilling intersected 3.5 m @ 21.8 g/t gold • Major district-scale NW structure localizes gold mineralization at Todoroki (188 Koz Au) and the under-explored Buho targets New areas are defined by alteration and geochemistry demonstrate potential for additional vein zone development along the NW structure to the NW JAPAN GOLD Pb Zn West Buho Cu Zn ㄨˋ Legend Japan Gold Prospecting Rights & Applications Barrick Alliance Initial Evaluation Phase Historical drill collar Historic mines Rivers Access road Contours Historical geophysics survey area Buho Nakanosawa Au Ag Au Ag ギ Nakanosawa Quartz vein Fault Quaternary sediment Volcanics 5 km Follow up anomalies 18 Japan Gold Corp. | Corporate Presentation | December 2023 ㄨ Cu Map Location ㄨˋ Sappero Cu Hg Meiji Cu Cu Todoroki Mine: 188,339 oz Gold 父 Au Ag Year 1 Program • Define additional drill targets in new areas (field mapping, ridge and spur soil sampling and geophysics) Year 2 Program • Drill 18 JAPAN GOLD CORP.
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