Investor Presentaiton

3. BAJO High-grade mineralization mined at Bajo included 336 Koz at grades greater than 120 g/t Au from the Sakura hi vein Highest grades developed at granite/ overlying volcanic interface, well defined conceptual targets include the western strike extension of the Bajo mine, and a potential preserved Bajo structural repetition in the 3 km long vein corridor on the west side of the project Geology JAPAN Pleistocene to Holocene Late Procene Post min sediments and volcaniclastics Andesite to dacite volcanics Andesite to dacite pyroclastics Andesite to dacite volcanics GOLD 723000 Early Pliocene Miocene Silurian to Cretaceous Andesite to dacite pyroclastics Granite Basement Hinoji Au Ag Sb Fujiyama Au Ag Ohtaka Au Ag Hinode Au Ag Yamaura Au Ag 727500 Mizuho Au Ag 父 Bajo Project Tsurunari Au Ag 19 Japan Gold Corp. | Corporate Presentation | December 2023 Bajo Au Ag Sb 400 koz Au Km 731500 Kitakyushu Fukuoka Map Location Kyushu Saga S Kumamoto Shi Kunitoku Au Ag Ou-Sh • Hotsprings Historic mines First order structure Graben Boundary Project tenement --- Quartz veins Au (ppb) in BLEG 20 Year 1 Program . Complete mapping and soil. grids Prepare drill hole targets Drill in 2024 19 JAPAN GOLD CORP.

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