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Investor Presentaiton

"EARLY WORKS WELL UNDERWAY NEAR TERM PRODUCTION POTENTIAL & EXPLORATION UPSIDE MẠNH CHOH GOLD PROJECT September 2020 entered into JV agreement between Contango (30%) and Kinross (70% and Operator) to form new Peak Gold LLC, with Royal Gold and Tetlin Tribe retaining royalty interests; Simple Development Plan - mine Manh Choh Gold ore and then truck and process the ore at Kinross' Fort Knox Milling Complex → Reduces execution risk to produce Gold and Silver over 4.5 year mine-life starting 2024 Feasibility in 2022 → Construction in 2023 → Production in 2024 Production in 2024 Explore 2800 sq.km area >$65 Million expended to date: $25 Million 2020-21➡ Studies and Permitting in 2021-22 $41Million in 2022 $13.6 Million PGLLC Budget Approved for Q1 2023 Continue "Early Works" in preparation for full construction in 2023
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