Building the Large-Scale Gross Mine

Developing Uryakh Uryakh Project Overview Project parameters Location Location Infrastructure Mine type Development Stage Resources Irkutsk Region, Russia, 100 km from Baikal Amur Mainline (BAM) railroad Accessible by river and summer road; all- season road from railhead is proposed Open pit and underground Advanced exploration - PFS study imminent 1.768 Moz at 3.78 g/t minable U/G and in- pitM+I+I Mineral Resources (JORC compliant) Ore body and topography (pit shells in yellow) Overview of the project area 250 500 750 Project Highlights Uryakh project is wholly owned by Nordgold U/G, open pit pre-feasibility study to be completed in Q4 2018 Three of six known ore zones are in the current model. Further drilling will increase resource and life of mine by incorporating other zones Preliminary metallurgical tests showed recovery from >90% using conventional CIL and gravity Uryakh is located in the region hosting other Nordgold Russian assets 500m 15 nordgold more than gold

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