Matador Mining : Corporate Presentation - July 2022

onlyuse ersonalEXPLORING A PROVEN MULTI-MILLION

OUNCE GOLD SYSTEM IN

NEWFOUNDLAND, CANADA

July 2022

ASX: MZZ

OTCQX: MZZMF

FSE: MA3

DISCLAIMER

Disclaimer and Forward Looking Statements

onlyThis presentation is not a prospectus nor an offer of securities for subscription or sale in

any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of Matador

Mi i g Limited (Matador or the Company) and consult with their own legal, tax, business

a d/or financial advisers in connection with any acquisition of securities or interest in the

Company. The information contained in this presentation has been prepared in good faith

by the Company. However, no representation or warranty, express or implied, is made as

to the completeness or adequacy of any statements, estimates, opinions or other

information contained in this presentation. To the maximum extent permitted by law, the

Company, its directors, officers, employees and agents disclaim liability for any loss or usedamage which may be suffered by any person through the use of, or reliance on, anything

contained in or omitted from this presentation. Certain information in this presentation r f rs to the intentions of the Company, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act 2001 (Cth) or any other applicable law. The occurrence of events in the

f t re are subject to risks, uncertainties and other factors that may alter the Company's act al results, performance or achievements to differ from those referred to in this presentation to occur as contemplated. The presentation contains only a synopsis of more detailed information available in relation to the matters described in this document

and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency ersonalor completeness of such information and to do so could potentially expose you to a significant risk of losing any of the property invested by you or incurring by you of

dditional liability. Recipients of this presentation should conduct their own investigation, ev lu tion and analysis of the business, data and property described in this presentation. In particular, any estimates or projections or opinions contained herein necessarily involve sig ificant elements of subjective judgment, analysis and assumptions and you should satisfy yourself in relation to such matters.

Mineral Resources

The information in this Presentation that relates to the Mineral Resource estimate for the Cape Ray Gold Project was announced on 6 May 2020. Matador confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 6 May 2020 and that all material assumptions and technical parameters underpinning the Mineral Resource estimate in that announcement continue to apply and have not materially changed.

Scoping Study

The information in this Presentation that relates to the Scoping Study on the Cape Ray Gold Project was announced on 6 May 2020. Matador confirms that all material assumptions underpinning the production target and forecast financial information included in that announcement continue to apply and have not materially changed.

Exploration Results

The information in this Presentation that relates to exploration results at the Cape Ray Gold Project was announced on 6 October 2020, 29 October 2020, 11 November 2020, 16 December 2020, 1 February 2021, 9 February 2021, 17 February 2021, 17 17 March 2021, 12 May 2021, 3 June 2021, 11 August 2021, 26 August 2021, 7 September 2021, 21 September 2021, 12 October 2021, 30 November 2021, 14 December 2021, 7 February 2022, 1 March 2022, 18 March 2022, 20 April 2022, 26 May 2022, 2 June 2022, 6 June 2022 and 8 June 2022. Matador confirms that it is not aware of any new information or data that materially affects the information included in those announcements.

ASX:MZZ | OTCQX:MZZMF | FSE: MA3

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MATADOR OVERVIEW

STRATEGICALLY PLACED TO GROW IN NEWFOUNDLAND, CANADA

onlyCAPITAL MARKETS

MARKETS : TICKERS

MZZ ASX | MZZMF OTCQX | MA3 FSE

MINERAL RESOURCES(5)	FINANCIAL OVERVIEW
	INDICATED RESOURCES		CASH BALANCE (31 Mar 2022 - excluding capital raise)
	3.1 Mt @ 3.15 g/t → 356 koz		$7 million

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	MARKET CAPITALISATION(1)
	$26 million
	SHARES OUTSTANDING(3)
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	258 million
1.	Market Capitalisations as at 25 Jul 2022
2.	90-Day Avg Volumes as at 17 Jul 2022
3.	As at 21 Jul 2022
4.	As at 3 Jul 2022
5.	ASX Announcement 6 May 2020
6.	Closed 21 Jul 2022
7.	Prior to recent capital raising

DAILY AVG VOLUMES(2)

1.2 million shares

OPTIONS(4)

13 million

INFERRED RESOURCES		RECENT CAPITAL RAISING (6)
9.4 Mt @ 1.6 g/t → 481 koz		$5 million
	TOP HOLDERS(7)
		CI FINANCIAL	Toronto	5.8%
		FRANKLIN RESOURCES	San Fran	4.9%
		ACORN CAPITAL	Melbourne	4.4%

ASX:MZZ | OTCQX:MZZMF | FSE: MA3

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WHY NEWFOUNDLAND

A FINAL FRONTIER OF TIER-ONE JURISDICTIONS FOR THE RESOURCE EXTRACTIVES INDUSTRY

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NEW, HIGHLY PROSPECTIVE WITH LIMITED HISTORIC EXPLORATION
• Historical gold production: ~2.3 Moz
• 2016 drilling: < 70,000 metres
•	2021 drilling: ~400,000 metres
SUPPORTIVE GOVERNMENT & STAKEHOLDERS
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Vocal support and advocacy for responsible mining backed by
recent permitting of major resource projects
GLOBALLY RECOGNISED & HIGHLY RANKED
Fraser Institute mining ranking: #11 globally
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SUPPLY & LOGISTICAL SUPERIORITY
M	jor infrastructure: roads, hydro power, airports, seaports
EMERGENCE OF MAJOR GOLD PROJECTS
Marathon Gold (MOZ.TSX): Current Resource: 5.1Moz @ 1.7 g/t Au
NewFound Gold (NFG.TSXV): Queensway: 19m @ 92.9 g/t Au
& 25.6m @ 146.2 g/t Au
1.	Mark t Capitalisations as at 25 Jul 2022	ASX:MZZ | OTCQX:MZZMF | FSE: MA3	4

WHY MATADOR

SOLID FOUNDATION FROM WHICH TO GROW AND UNLOCK SHAREHOLDER VALUE

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EXISTING HIGH-GRADE, SHALLOW MINERAL RESOURCE
One of the highest-grade undeveloped resources in a top-tier jurisdiction(1)
•	Gold resource of 837,000 oz at 2 g/t with over 96% of resource < 200m from surface(2)
•	Resource underpins market capitalisation

SIGNIFICANT TENEMENT PACKAGE ALONG TWO MAJOR GOLD-BEARING STRUCTURES

Cape Ray Shear Zone

• 120 kilometres of continuous strike along proven multi-million-ounce gold structure; 90% of strike underexplored

Hermitage Flexure
use	Large area of anomalous gold, arsenic and antimony with 27 kilometres of continuous strike
•
SOLID, GLOBAL SHAREHOLDER REGISTER WITH BROAD-BASED SUPPORT
• Global institutional ownership from large, well-established and resource-specific funds
• Significant retail ownership in Australia and United States OTCQX listing
• Only ASX-listed gold company with exposure to Newfoundland
HIGHLY EXPERIENCED LOCAL TEAM WITH WORLD-CLASS APPROACH TO EXPLORATION
Board, management and advisory experience in major mineral discoveries and commercial success

1.	Av rage head grade Yr 1 - 4 - 2.6g/t Au (Scoping Study - May 2020)	ASX:MZZ | OTCQX:MZZMF | FSE: MA3	matadormining.com.au 5
2.	ASX announcement 6 May 2020
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