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Corporate Presentation

A RICH HISTORY OF GOLD MINING ☐ ■ 500 years of gold mining across the three main islands of Japan ■ Government imposed the closure of gold mines during World War II to redeploy the labour force into other sectors with limited production post World War II ■ Prior to World War II, the five largest mines produced over 1M ounces of gold with the largest producing over 2.5M ounces ■ In 1981, the Hishikari Mine was discovered and is a 13M ounce gold deposit that is one of the highest-grade Tier 1 gold mines in the world; having produced approximately 8.3M ounces with an average grade in excess of 30 g/t to date Currently, the Sumitomo Metal Mining Co. Ltd.'s Hishikari Mine is the only operating gold mine in Japan ■ These historic mining areas are underexplored using modern mining methods JAPAN GOLD CORP. 4 Japan Gold Corp. | Corporate Presentation | September 2023
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