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Investor Presentaiton

COELHOS-QUEIMADAS TARGET Drilling and trenching defined 3 parallel trends, 2 main zones, each ~500 m in length and ~6 m wide along a northeastern trend ✓ Gold mineralization extends from surface to depth of at least 80 m and remains open both at depth and laterally Gold mineralization appears folded, stretching into pinch/swell patterns which could cause double or triple layer thickness ✓ Recent historical drilling validation program has successfully confirmed historical drill results. Highlights include: - - - - FCC002: 12.80 m @ 7.38 g/t Au (from 46.3 m) FCC003: 5.90 m @ 3.56 g/t Au (from 49.1 m) FCC016: 12.85 m @ 5.23 g/t Au (from 90.2 m) FCC020: 2.05 m @ 3.56 g/t Au (from 153.8 m) FCQ001: 2.05 m @ 3.56 g/t Au (from 49.45 m) FCW006: 0.95 m @ 5.35 g/t Au (from 9.9 m). Coelho/ Queimadas Sulphide gold mineralization occurs within magnetite-rich amphibole shale with highest grades occurring within hydrothermal breccias north-easterly Two parallel mineralized trends, ~1,000 m in length and ~6 m thick along a trend Extends from surface and dips ~45° to depth of at least 80 m Open at depth and laterally MAP AREA FCC-003: 5.90m @3.56Au g/t (From 49.1m). FCW-006: 0.95m @ 5.35Au g/t (From 9.9m) km 0 4 8 Meters 200 100 0 200 South Atlantic GOLD COELHOS-QUEIMADAS TARGET FCQ-001: 2.05m @3.56Au g/t (From 49.45m) FCC-016: 12.85m @5.23Au g/t (From 90.2m) FCC-020: 2.00m @3.43Au g/t (From 153.8m) FCC-002: 12.80m @7.38Au g/t (From 46.3m) Sources: Esri, AERE, Garmin, Intermap, increment P Corp. GEBCO, USGS, FAO, NPS, NRCAN. GeoBase, IGN. Kadaster NL, Ordnance Survey Esri Japan, METI, Esri China (Hong Kong), (c) OpenStreetMap contributors, and the GIS Drillholes Trend Topography RC Drillhole Diamond Drillhole Regional Trend Igrejinha Orezone Mineralized Zones Road River Lake Trenches Tenements Ground Trenches. Tenements Level Curves PEDRA BRANCA PROJECT COELHOS-QUEIMADAS TARGET GEOLOGICAL TREND South Atlantic GOLD Coodenate System SIRGAS 2000 UTM Zone 23 Date Feb 01, 2021 southatlanticgold.com 15 TSX-V:SAO
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