Building the Large-Scale Gross Mine

Expanding the Pistol Bay Project Pistol Bay Project Overview Location Location Infrastructure Arctic Canada, Nunavut Territory, on the coast of Hudson Bay, 10km from Whale Cove town Accessible by air or by sea with about 5-month navigation period. Sea port, airstrip and access road to site Project location map Kilometers Project parameters Mine type Development Stage Resources Open pit, high grade Advanced exploration 742 koz at 2.94 g/t M+1+1 Mineral Resources (JORC compliant) Project Highlights Pistol Bay project is wholly owned by Nordgold Best intersections include 156 m at 8.2 g/t and 1 63 m at 5.6 g/t Preliminary metallurgical tests showed recovery from 93.1% to 99.6% and indicated gold is recoverable through standard gravity and CIL methods Ongoing exploration during summer months RANKIN-ENNADAI BELT Since 2010-0.63 M oz. Au produced ABITIBI BELT Since 1909 >150 M oz. Au produced Meadowban PISTOL BAY PROJECT Pistol Bay, Vickers ore body and pit Meadowdard Baker Lake Buteratet Hanbin Inter PISTOL BAY PROJECT 100 Kilometers 200 Au ppm 250 m 0.5 3 10 16 nordgold more than gold

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