Moneta Gold : Corporate Presentation September 2023

TSX: ME | OTCQX: MEAUF | FSE: MOPA

Corporate Presentation

Low-Risk Base, Large-Upside

Value Creation in Canada

Sept 2023

TSX: ME | OTCQX: MEAUF | FSE: MOPA

Forward-Looking Statements

Certain statements in this presentation including certain information about Moneta's business outlook, objectives, strategies, plans, strategic priorities and results of operations, as well as other statements which are not current statements or historical facts, constitute "forward-looking information" or "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (without limitation, statements regarding exploration programs, potential mineralization, future plans and objectives of the Company, updated to the mineral resources, and the timing and results thereof) are forward-looking statements. Sentences and phrases containing words such as "believe", "estimate", "anticipate", "plan", "will", "intend", "predict", "outlook", "goal", "target", "forecast", "project", "scheduled", "proposed", "expect", "potential", "strategy", and the negative of any of these words, or variations of them, or comparable terminology that does not relate strictly to current or historical facts, are all indicative of forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking statements are subject to inherent risks and uncertainties, and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from Moneta's expectations expressed in or implied by such forward-looking statements and that Moneta's business outlook, objectives, plans and strategic priorities may not be achieved. These statements are not guarantees of future performance or events, and Moneta cautions you against relying on any of these forward-looking statements. Forward-looking statements are provided in this presentation for the purpose of assisting investors and others in understanding Moneta's objectives, strategic priorities and business outlook, and in obtaining a better understanding of Moneta's anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Examples of forward-looking statements in this presentation include, but are not limited to: information with respect to the future performance of the business, its operations and financial

performance and condition; statements relating to Moneta's plans for the Project; the Company's drilling program and the timing and results thereof; the timing and scope and focus of the Company's pre-feasibility study ("PFS");

statements regarding the environmental impact assessment and community engagement activities; and the Company's financing initiatives.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Important risk factors that could cause actual results or events to differ materially from those expressed in, or implied by, the forward-looking statements contained in this presentation include, but are not limited to: uncertainties inherent in the business of mineral exploration and extraction; uncertainty with respect to the Company's liquidity and ability to secure additional financing; uncertainty of mineral resources; security threats to the Company's information technology systems; the current global financial condition; the market price of securities and substantial volatility in the market price of commodities; fluctuations of commodity prices; the Company's history of net losses; possible loss of interests in mineral properties; title risks; uncertainty relating to surface rights; environmental risks; risks associated with joint venture agreements; risks relating to statutory and regulatory requirements; uncertainty relating to the Company's competition with other gold exploration and development companies for materials and supplies; the Company's dependence on key management and employees; uncertainty arising from international conflict and other geopolitical tensions and events, including but to limited to Russia's invasion of Ukraine; uncertainty in respect of COVID-19 and any resurgence of same; uncertainty in respect of procuring licences and permits from various governmental authorities; the term and extension of concession contracts; uninsurable risks; obligations under option and joint venture agreements; uncertainty as to whether mergers and amalgamations will be completed successfully; the Company's relationships with the communities in which it operates; internal conflicts of interest; infrastructure risks; the Company's lack of a dividend policy; and the fact that the outstanding common shares of the Company could be subject to dilution. See also the risks disclosed in the section entitled "Risk Factors" in the Company's AIF. Readers are cautioned that the risks referred to above are not the only ones that could affect Moneta. Additional risks and uncertainties not currently known to Moneta or that Moneta currently deems to be immaterial may also have a material adverse effect on Moneta's financial position, financial performance, cash flows, business or reputation.

Forward-looking statements made in this presentation are based on a number of assumptions that Moneta believed were reasonable at the time it made each forward-looking statement. The assumptions, although considered reasonable by Moneta on the day it made the forward-looking statements, may prove to be inaccurate. Accordingly, our actual results could differ materially from our expectations. 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. Any forward-looking statement speaks only as of the date on which it is made and, except

as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Jason Dankowski, P.Geo.is a qualified person under NI 43-101 and has reviewed and approved the contents of this presentation.

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TSX: ME | OTCQX: MEAUF | FSE: MOPA

Overview of Moneta

Developing the next gold mine in Ontario

Vision

To be a trusted, responsible gold producing company

Mission

Advance the Tower Gold project through to production, while making a positive impact for all host communities and stakeholders

Gold Explorer Focused on the Timmins Camp

• Tier 1 location
• Excellent infrastructure (roads, power, mills)
• Skilled local workforce
• Mining-friendlyand safe jurisdiction
• Strong exploration pipeline
• • Westaway Extension
  • Gold Pike
  • Buffonta
  • Loveland Nickel

Flagship Asset

Tower Gold Project

• Gold inventory 4.5 Moz indicated & 8.3 Moz inferred
• Robust economics at US$1,600/oz in Sep. 2022 Preliminary Economic Assessment (PEA)

• 24-yearlong-life open pit and high-grade underground
• Payback: 2.6 years
• After-taxNPV5% / IRR: C$1,066M / 31.7%
• 1st 11 years only
• • 261,000 oz/pa
  • After-taxNPV5% / IRR : C$790M / 31.4%

Upcoming Catalysts

• Ongoing - 30,000 m remaining from 140,000 m in-fill drill program
• Underway - Geomechanical, hydrology, and metallurgical drilling to support Pre-Feasibility Study (PFS)
• Optimized open pit PFS and underground PEA in H2 2024
• • Focused on 1st 11 years
• Initial Project Description submission in late Q4 2023
• 5,000 m exploration drilling

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						TSX: ME | OTCQX: MEAUF | FSE: MOPA
Corporate Information
				52 Week Range	High: $1.86
	Shares Outstanding	122.0 Million	Low: $0.95
	Options (avg $1.71)	3.3 Million	September 6, 2023
	Warrants (avg $2.00)	0.4	Million	Current Share Price	$0.96
	RSUs & DSUs	1.3	Million	Market Capitalization	$ 117 Million
	Fully Diluted	127.1	Million	Cash Position (as of June 30, 2023)	$ 24.0 Million
				Debt	Nil
	OWNERSHIP			Analyst Coverage

O3 Mining

20%

Retail

33%

Insiders

2%

Sehaj Anand	iA Capital Markets
Don Blyth	Paradigm Capital
Brandon Gaspar	SCP Resource Finance
Kerry Smith	Haywood Securities
Stephen Soock	Stifel Nicolaus Canada
Paul O'Brien	Velocity Trade Capital

Institutional Shareholders

	1832 Asset Management	Gabelli	Mackenzie Financial
Institutions	Arbiter Partners	GMT	RBC Global Asset Management
Eric Sprott	K2 & Associates	Zechner
45%
	Extract Capital	Konwave
	Franklin Advisers	Libra Advisors	4

TSX: ME | OTCQX: MEAUF | FSE: MOPA

Moneta Leadership Team

Senior Management

Board of Directors & Special Advisor

Josef Vejvoda	Jason Macintosh	Ardem Keshishian
Interim CEO & Chairman	CFO & Corp. Secretary	VP, Corporate Development

Jason Dankowski	Dennis Wilson	Gerald Rogers
VP, Technical Services	VP, Sustainability	VP, Projects

Successful Track Record in

Exploration and Mine Development

Josef Vejvoda	Sheila Colman	Rod Cooper
Interim CEO & Chairman	Independent Director	Independent Director

Louis Gariepy	Alex Henry	Krista Muhr
Independent Director	Independent Director	Independent Director

Blair Zaritsky	Jose Vizquerra
Independent Director	Special Advisor

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