Investor Presentaiton

GOLD PRICE HAS MOVED, EQUITIES HAVE LAGGED Developers lagging and valuation gap with producers has widened – opportunity to buy now! Relative Performance Since 2022 G FIRST MINING GOLD 40% 30% 20% 10% 0% ww (10%) (20%) (30%) (40%) (50%) (60%) (70%) Jan-22 Mar-22 May-22 Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Jan-24 Mar-24 Gold Price GDX GDXJ -Developer Avg Source: Capital IQ Note: Developer average includes FF, KORE, PPTA, TLG, LGD, SKE, TML, WM, ITR, PRB, FURY, STLR, AOT, OIII, VGZ TSX: FF | OTCQX: FFMGF | FRANKFURT: FMG | www.firstmininggold.com I 30% 5% 0% (40%) | 5

View entire presentation