SolGold : Corporate Presentation June 2024

CASCABEL: A TIER-ONECOPPER-GOLD PROJECT

3.7

Bt Ore1

12.4

Mt Cu1

31.3

Moz Au1

Corporate Presentation

June 2024

LSE & TSX: SOLG

CAUTIONARY NOTICE

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of SolGold and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward- looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of copper and gold ; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although SolGold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this presentation and SolGold disclaims any obligation to update any forward looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward- looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. SolGold undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

News releases, presentations and public commentary made by SolGold and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements. Accordingly, the reader should not rely on any interpretations or forward- looking statements; and save as required by the exchange rules of TSX and LSE for companies or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.

The Company and its Officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis, and where possible aims to circulate all available material on its website.

The Company recognises that the term World Class is subjective and for the purpose of the Company's projects the Company considers the drilling results at the Alpala porphyry copper-gold deposit at its Cascabel project to represent intersections of a World Class deposit on the basis of comparisons with other drilling intersections from World Class deposits, some of which have become, or are becoming, producing mines and on the basis of available independent opinions which may be referenced to define the term "World Class" (or "Tier 1").

The Company considers that World Class deposits are rare, very large, long life, low cost, and are responsible for approximately half of total global metals production. World Class deposits are generally accepted as deposits of a size and quality that create multiple expansion opportunities, and have or are likely to demonstrate robust economics that ensure development irrespective of position within the global commodity cycles, or whether or not the deposit has been fully drilled out, or a feasibility study completed.

Standards drawn from industry experts (1Singer and Menzie, 2010; 2Schodde, 2006; 3Schodde and Hronsky, 2006; 4Singer, 1995; 5Laznicka, 2010) have characterised World Class deposits at prevailing commodity prices. The relevant criteria for World Class deposits, adjusted to current long run commodity prices, are considered to be those holding or likely to hold more than 5 million tonnes of copper and/or more than 6 million ounces of gold with a modelled net present value ("NPV") of greater than US$1billion.

The Company cautions that the Cascabel project remains an early stage project at this time and there is inherent uncertainty relating to any project at prior to the determination of pre-feasibility study and/or defined feasibility study.

On this basis, reference to the Cascabel project as "World Class" (or "Tier 1") is considered to be appropriate.

References cited in the text:

1. Singer, D.A. and Menzie, W.D., 2010. Quantitative Mineral Resource Assessments: An Integrated Approach. Oxford University Press Inc.
2. Schodde, R., 2006. What do we mean by a world class deposit? And why are they special. Presentation. AMEC Conference, Perth.
3. Schodde, R and Hronsky, J.M.A, 2006. The Role of World-Class Mines in Wealth Creation. Special Publications of the Society of Economic Geologists Volume 12.
4. Singer, D.A., 1995, World-class base and precious metal deposits-a quantitative analysis: Economic Geology, v. 90, no.1, p. 88-104.
5. Laznicka, P., 2010. Giant Metallic Deposits: Future Sources of Industrial Metal, Second Edition. Springer-Verlag Heidelberg.

WORLD-CLASSCOPPER-GOLD PROJECT /2

SOLG Presentation - 2022.06.22 (H&P Copper Seminar)

SOLGOLD CORPORATE SUMMARY

Listing Info

LSE & TSX		SOLG
Issued and Outstanding Shares		~3Bn
Share Price Info (June 7, 2024)	GBP	CAD
Market Capitalization	£272MM	C$480MM
Share Price	9.80p	C$0.16
52-Week Trading Range	5.67-19.5p	C$0.105-0.325
Average Daily Volume (Last 12 Months)	~5 million

Analyst Coverage

Top Shareholders

BHP	10%
Newmont	10%
DGR Global	7%
Jiangxi Copper	6%
SolGold Canada (Owned Shares)	5%
Maxit Capital / D. Bob Sangha	5%
Tenstar Trading	4%
Nicholas Mather (Director)	3%
Scott Caldwell (CEO)	1%
Total Top Shareholders	51%

WORLD-CLASSCOPPER-GOLD PROJECT /3

A UNIQUELY COMPELLING INVESTMENT OPPORTUNITY

World-ClassResource with Potential for Further Discovery

• Cascabel is currently one of the world's largest copper and gold deposits not controlled by a major
• Foothold on vast, unexplored regions of the Andean copper belt and a proven team with several discoveries already under belt

Ecuador is Open for Business

• Supportive government with mineral agreement in-place
• Access to key infrastructure, including hydro-power network (20 km) and [deep-water] port (180km)

Tier 1 Project with Robust Economics

• High-quality,low-cost, and long-life expandable project with 28-year initial mine life and US$3.2 bn post-tax NPV8% (at US$3.85/lb Cu)1
• Phased approach to target high-grade core, reducing capex and providing optionality

Community-Led Approach to Development

• Highly experienced CEO [and management team] in-country
• Long-standingrelationships with local communities

WORLD-CLASSCOPPER-GOLD PROJECT /4

EXPLOITATION CONTRACT FOR CASCABEL: SIGNED JUNE 5, 2024

Government Support

• Strong endorsement from the Ecuadorian government
• Recognized as a significant contributor to the national economy and local communities with long term benefits to both
• Commitment to a collaborative partnership and promoting sustainable development

"This Contract represents a new era of economic development for Ecuador. The government supports the Cascabel Project, which brings substantial long- term benefits to our country's economy and local communities"

Diego Ocampo, Vice Minister of Mines

"A landmark achievement for SolGold and our stakeholders…We are strongly committed to sustainable development and shared prosperity."

Scott Caldwell, CEO & President of SolGold Ecuador

WORLD-CLASSCOPPER-GOLD PROJECT /5

EXPLOITATION CONTRACT FOR CASCABEL: KEY TERMS

Development and Production Rights:

• ENSA has the rights to develop the mine and produce copper, gold, and silver for 33 years, renewable for the mine's life

Share of Cumulative Benefits:

• Government of Ecuador to receive at least 50% of cumulative discounted benefits Advance Royalty Payment:
• $75 million advance royalty, with payments upon start of concentrator construction and 2 subsequent anniversaries

Government Royalty & Taxes:

• 20% corporate income tax rate, variable royalty from 3% to 8% Economic Imbalance Mechanism:
• Protection against changes in fiscal policy, taxes, laws, and regulations Investor Autonomy and Protection Rights:
• SolGold retains freedom in commercial decisions, technical design, and production
• Includes dispute resolution through international arbitration

WORLD-CLASSCOPPER-GOLD PROJECT /6

WORLD CLASS RESOURCE & TIER-1 DEVELOPMENT PROJECT WITH RESOURCE EXPANSION POTENTIAL

Cascabel is the largest undeveloped copper resource in Latin America not controlled by a major1

Stage

Location

M&I Resource (Mt CuEq)2

PFS

19.1

6.7

12.4

Cascabel

Resource Resource

10.5	6.0
2.2
8.3	0.8
5.2
Los Helados	Altar

PFS	PEA	PEA		PEA		Resource

5.9	5.1	4.7	3.3	2.9
5.9	0.1	0.5	0.5	0.2
5.0	4.2	2.7	2.7
Vizcachitas	Los Azules	Canariaco	Costa Fuego	Warintza
		Norte

PFS PEA PEA

Copper (Mt Cu)

Gold (Mt CuEq)

2.4	2.4	2.0
1.0	0.7	0.1
1.4	1.7	1.8
Filo del Sol	Cotabambas Santo Tomas

Resource

1.8

0.4

1.4

Porvenir

WORLD-CLASSCOPPER-GOLD PROJECT /7

AMONGST THE LARGEST GOLD DEPOSITS WORLDWIDE

Cascabel has one of the largest gold resources amongst primary gold mines and assets worldwide, the second largest not controlled by a major1

Stage

Location

PFS

88.7

Prod.Prod.Prod.

FS

Prod.

PFS

FS

Prod.

Prod.

M&I Resource (Moz Au)

KSM

53.744.040.4

South Deep

Norte Abierto

Lihir

39.0

Donlin

38.4

Detour Lake

31.2

Cascabel

30.0

Reko Diq

29.0

Cadia East

25.4

Pueblo Viejo

WORLD-CLASSCOPPER-GOLD PROJECT /8

0.9¢

Western Copper

WORLD-CLASS COPPER-GOLDPROJECT /9

MEANINGFUL VALUE PROPOSITION RELATIVE TO PEERS

P / NAV (Consensus | x)

SolGold is undervalued relative to its copper developer peers on both a P/NAV and an EV/M&I

Resource basis1						FS & PFS Stage
0.8x	0.5x						PEA & Resource Stage
0.5x	0.4x
	0.3x	0.2x	0.2x	n/a
NGEX Minerals	Filo Mining	Ivanhoe Electric	Marimaca Copper
Western Copper	Arizona Sonoran	Solaris Resources	Los Andes Copper

EV / M&I Resource (US¢/lb CuEq)1

32.4¢

Filo Mining

18.4¢

Ivanhoe Electric

11.6¢

Marimaca Copper

7.7¢

NGEX Minerals

5.1¢

Solaris Resources

4.5¢

Arizona Sonoran

1.4¢

Los Andes Copper

CASCABEL UPDATED RESOURCES1

GLOBAL RESOURCE AT CASCABEL SHOWS

SIGNIFICANT GROWTH IN UPDATED RESOURCE ESTIMATES

Global Measured and Indicated Resources at Cascabel (Alpala and TAM)

RESOURCE	Tonnage	Copper	Gold
Updated Resource Estimate	3,735 Mt	12.4 Mt	31.3 Moz
Previous Resource Estimate	3,192 Mt	11.2 Mt	24.8 Moz
Change	+543 Mt	+1.23 Mt	+6.5 Moz
Percentage Change	17%	11%	26%

WORLD-CLASSCOPPER-GOLD PROJECT /10