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Investor Presentaiton

N Price per share or EV/oz Why invest in Northgold now? Company mineral resources recently increased to 1Moz AuEq and are growing fast. Results pending, from remaining unreported 2023 activities, including bottom-of-till and soil sampling from regional MOGB land package. Kopsa auxiliary mining area permit due imminently, pending concluding hearing process. Kopsa resource is expected to hit the 1 Moz milestone, following the next drill program. 90 NG SHARE PRICE DEVELOPMENT - LAST 12 MONTHS Jan. 23. 2024 Share price: 4.78 SEK/sh Market capitalization: 65 MSEK (€5.6 M) Cash at 29 Sept 2023: 8.1MSEK (€0.7M) 80 80 70 60 50 44 40 30 20 18 10 0 Пљ Dec-22 Jan-23 Feb-23 Mar-23 ING volume NG price (SEK/sh) Apr-23 GDXJ (USD/sh) May-23 Jun-23 Aug-23 Gold explorer average EV/oz (EUR) Jul-23 Sep-23 Oct-23 Nov-23 Dec-23 Gold developer average EV/oz (EUR) 80,000 70,000 60,000 50,000 40,000 30,000 30 20,000 20 10,000 5 0 Jan-24 O NG EV/oz (EUR) Northgold Liquidity (daily NG volume) 16
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