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Investor Presentaiton

EXPLORATION WILL NOT SOLVE THE PROBLEM OF DECLINING RESERVES Global gold discoveries have diminished significantly in the last decade Exploration budgets near peak levels with very little demonstrable success G FIRST MINING GOLD Gold Discoveries (Moz Au) Source: Capital IQ 250 200 150 100 50 0 Gold Discoveries & Exploration Budgets Since 1990 $12 $10 $8 $6 $4 ....... $2 $0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 TSX: FF | OTCQX: FFMGF | FRANKFURT: FMG | www.firstmininggold.com Exploration Budgets (US$Bn) | 6

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