exceptional team, solid production, significant valuation...

TSX:NMIOTCQX:NMKTFMay 2016

Exceptional Team, Solid Production,Significant Valuation Upside

2TSX:NMI

Forward-looking StatementsCertain information set forth in this presentation contains “forward-looking statements”, and “forward-lookinginformation under applicable securities laws. Except for statements of historical fact, certain information containedherein constitutes forward-looking statements, which include the Company’s expectations about its business andoperations, and are based on the Company’s current internal expectations, estimates, projections, assumptions andbeliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as“will”, “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These statements are notguarantees of future performance or outcomes and undue reliance should not be placed on them. Forward-lookingstatements are based on the opinions and estimates of management as of the date such statements are made and theyare subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level ofactivity, performance or achievements of the Company to be materially different from those expressed or implied bysuch forward-looking statements or forward-looking information. Although management of the Company hasattempted to identify important factors that could cause actual results to differ materially from those contained inforward-looking statements or forward-looking information, there may be other factors that cause results not to be asanticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actualresults and future events could differ materially from those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements and forward-looking information. The Company does notundertake to update any forward-looking statements or forward-looking information that are included in thispresentation or incorporated by reference herein, except in accordance with applicable securities laws.

All amounts are presented in United States dollars ("$") unless otherwise stated. References in this document to “C$” are to Canadian dollars and references to "A$" are to Australian dollars.

3TSX:NMI

Newmarket Gold Highlights Excellent balance sheet US$52.1 million cash (A$72.0 million equivalent) and US$1.6 million long-term debt

Experienced capital markets and operational team with a proven track record of execution and significant value creation

Three 100% owned operating gold mines in Australia with sustainable production of over 200,000 ounces annually with strong cash flow (all production unhedged)

Record Q1, 2016 Fosterville Gold Mine Production of 33,138 ounces on record grade of 7.34g/t gold

Q1 2016 generated US$8.9 million free cash flow

New mine site discoveries leading to organic production growth

Disciplined gold asset consolidation strategy

Highly leveraged to the AUD$ gold price (A$1725, May 9, 2016)

NEWMARKET OPPORTUNITY

$2,225

$3,774

EV/oz Production EV/oz Production

5.5x

8.1x

Price/2016E CFPS (ratio) Price/2016E CFPS (ratio)

Peer Group1Peer Group1

Newmarket Valuation Newmarket Valuation

1. Peer group details slide 9. Source: FactSet, Bloomberg, company disclosure, available equity research. Averages exclude Newmarket, details as at May 13, 2016.

4TSX:NMI

STRONG FINANCIAL POSITION

Cash Balance (million) US$52.1

Working Capital (million) US$38.0

Debt (million) US$1.6

Balance Sheet

TSX:NMI OTCQX: NMKTF

Market Capitalization (million) (as at May 09, 2016) US$470

Issued and Outstanding (million) 175.6

Options (million) 10.7

Performance Share Units (million) 3.7

Warrants (million) 0.5

Fully Diluted (million) 190.5

Luxor Capital Group LP 19.3%

Eric Sprott 17.9%

Management/Board (basic) 7.4%

Capital Structure & Ownership

Average Daily Volume

30 day 1,700,000

CASH$52.1 Million

$67.5$74.2 $76.5

$112.1$117.7

2013A 2014A 2015A 2016E 2017E

Source: 2013-2014 Actuals, 2016E-2017E – Factset Consensus

Consensus Estimated Operating Cash Flow (US$ Millions)

Debt $1.6 Million

5TSX:NMI

Strong Founders share ownership: C$12 million currently

invested (7.4% issued and outstanding)

Aligned PSU Vesting Plan based on share price performance

Focused on executing and creating significant shareholder value

EXPERIENCED VALUE CREATION TEAM

Raymond Threlkeld Chairman

Douglas Forster President, CEO & Director

Blayne Johnson Executive VP, Director

Lukas Lundin Director

Randall Oliphant Director

Darren Hall Chief Operating Officer

Doug Hurst VP Corporate Development

Robert Dufour Chief Financial Officer

Robert Getz Director

Kevin Conboy Director

Edward Farrauto Director

Michael Vint Director

AdvisorsIan Telfer Capital Markets

Michael Vitton Capital Markets

The founders have created over $30 billion in market cap value

ALIGNED WITH SHAREHOLDERS

6TSX:NMI

SUSTAINABLE PRODUCER WITH A STRATEGY FOR LONG-TERM GROWTH

RECORD 222,671 oz

FLAGSHIP FOSTERVILLE GOLD MINE

3 AustralianCONSOLIDATED GOLD PRODUCTION

2015 RECORD YEAR

RECORD PRODUCTION 123,095RECORD GRADE 6.11 g/t AuRECORD RECOVERY 88.5%RECORD DRILL INTERCEPT 645g/t Au over 3.5m

CONSOLIDATED COSTS

OPERATING CASH COSTS $US 704/ozALL-IN SUSTAINING COSTS $US 987/oz

Gold Mines

THREE NEW MINE SITE DISCOVERIES

ROBUST AUD$ GOLD PRICE

7TSX:NMI

Q1 2016 HIGHLIGHTS

Fosterville Record: 33,138 ounces on record mill grade of 7.34 g/t Au

Fosterville achieves low operating cash costs of US$4731 and AISC of US$7231

Consolidated Q1, 2016 production of 58,057 ounces

Consolidated Operating Cash Costs of US$7011 and All-in Sustaining Costs of US$9081

US$8.92 million generated in free cash flow

27% improvement in Cosmo production to 16,340 ounces over Q4, 2015 including a record month in March of 8,022 ounces

Continued high grade, visible gold-bearing drill intercepts from the Lower Phoenix gold system; Eagle and East Dipping structures including: 500.7 g/t (17.6 opt) Au over 12.5 m (ETW: 4.5 m)

Fosterville’s new gravity gold circuit is operational and being commissioned with free gold currently being recovered

As at March 31, 2016

1. Operating Cash Costs and All-in Sustaining Costs (“AISC”) refer to Non-IFRS Measures on Slide 32

2. Free Cash flow based on operating cash flow of US$18.3 million less CAPEX of $9.4 million after investing US$3.8 million into growth.

(As at Mar 31, 2016)

US$ Million

Revenue $66.1

Operating cash flow $18.3

Net Income $6.5

Net Income per share (basic and diluted) $0.04

Cash $52.1

Sustaining Capital $9.4

Growth Expenditure $3.8

HIGHLIGHTS

8TSX:NMI

Newmarket Gold/Lake Shore Gold Value Comp

Trading MultiplesNMI 2015 FY

May 6/16LSG Takeout

Feb 8/16

Share / Offer price C$/sh $3.74 $1.71

FDITM Mkt Cap / Equity Purchase Price US$ million $540 $682

FDITM EV1 US$ million $472 $617

2015 Production koz Au 223 179

2015 Cash Costs US$/oz $704 $580

2015 AISC US$/oz $987 $870

Reserves million oz Au 0.8 0.8

Resources (inclusive) million oz Au 6.4 11.2

EV/ 2015 Production US$/oz $2,120 $3,446

EV/ Reserves US$/oz $615 $798

EV/ Resources US$/oz $73 $55

P / CF 4.23x 6.90x

1 EV reflects proceeds from option and warrant exercises to date. Source: GMP Securities

February 8, 2016: Tahoe Resources announces acquisition of Lake Shore Gold for C$945 million

Tahoe Resources share price has increased ~50% since the acquisition of Lake Shore Gold (LSG Adj EV/oz2015 Production would be $5,425)

9TSX:NMI

Share Price Performance

Source: FactSet, Bloomberg, company disclosure

Share Price Performance Since IPO

$0.00

$1.00

$2.00

$3.00

$4.00

16-Jul-15 16-Sep-15 16-Nov-15 16-Jan-16 16-Mar-16 16-May-16

Sh

are

Pri

ce (

CA

D)

NMI Share Price News

09-Sept-15

Strong exploration

results at

Fosterville

29-Oct-15

Additional HG

exploration results at

Fosterville with Eagle

Zone extended

18-Jan-16

Announces 2015FY

results; 223koz at

US$987/oz AISC within

guidance

12-Feb-16

Becomes debt-free –

Announces intention to

redeem convertible

debentures

29-Feb-16

Near-mine HG gold

mineralization

discovered at Lower

Phoenix

4-April-16

Eric Sprott

purchases 10M

shares at C$2.25

12-Apr-16

Announces strong Q1

Results; record quarterly

production at Fosterville

26-Apr-16

Eric Sprott increases

ownership to 17.9% by

purchasing additional

16.2M shares at C$2.80

16-May-16

Announces results of a

strong PEA at Maud

Creek – Pre-Tax NPV of

A$201M, IRR of 116%

10TSX:NMI

Source: FactSet, Bloomberg, company disclosure, available equity research.

Averages exclude Newmarket as at May 13, 2016.

Peer Group Comparison

All comparison metrics present an opportunity for a continued significant valuation opportunity with NewmarketGold$2,225 $2,386

$3,435 $3,465 $3,670 $3,683 $3,769 $3,863

$4,700 $4,998

Average:

$3,774

5.1x 5.5x 6.2x

6.6x 6.7x 7.5x

8.6x 9.2x

9.9x

13.1x

Average:

8.1x

4.4x 5.5x 5.9x 6.2x 6.5x 6.6x

7.3x 7.4x 8.3x

10.3x

Average:

6.9x

EV / 2016E Prod. (US$/oz)

Price / Consensus 2016E CFPS (ratio) EV / Consensus 2016E EBITDA (ratio)

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Producing in a Top Mining JurisdictionCOSMO/UNION REEF

Location Northern TerritoryOwnership 100%Metals GoldMining UndergroundCapacity 2.0Mtpa Yrs in Production 2.5 Prod. Guidance 60k – 65k ouncesDiscovery Western Lodes Discovery

MAUD CREEK GOLD PROJECT

Location Northern TerritoryOwnership 100%Metals GoldMining Open Pit + UndergroundStage PEAM&I Resources 724,000 ozs @ 3.46 g/t1

1. See slide 27/28 for details on Mineral Resource and Reserve details 2. see Non-IFRS Disclosure p.35

FOSTERVILLE GOLD MINE

Location Bendigo, VictoriaOwnership 100% (2% Royalty)Metals GoldMining UndergroundCapacity 850Ktpa Yrs in Production +10 Prod. Guidance 110k – 120k ouncesDiscovery Eagle Fault Zone

STAWELL GOLD MINE

Location Stawell, VictoriaOwnership 100% (1% Royalty)Metals GoldMining UndergroundCapacity 1.0Mtpa Yrs in Production +30Prod. Guidance ~35k ouncesDiscovery Aurora B Gold Zone

2016E CONSOLIDATED GUIDANCE

Production: 205,000 - 220,000 ouncesOperating Cash Cost2: US$650 - US$725 per ounceAll-in sustaining costs2: US$950 - US$1,025 per ounce

AUSTRALIA

BIG HILL GOLD PROJECT

Location VictoriaOwnership 100%Metals GoldMining Open PitStage PermittingM&I Resources 166,000 ozs @ 1.52 g/t1

Producing Mine

Development Project

Mine site Discovery

12TSX:NMI

2015 Record Production 123,095 oz

2015 Record Grade 6.11 g/t Au

H2/15 Record Production 64,044

H2/15 Record Grade 6.37g/t Au

H2/15 Record Recoveries 88%

H2/15 Operating Cash Costs per ounce $496

H2/15 All-In Sustaining Costs per ounce $7811

Q1/16 Record production 33,138

Q1/16 Record grade 7.34g/t Au

Flagship Fosterville Mine – Low Cost Producer

U.S. Dollars unless stated otherwise 1. excludes corporate G&A, average for Q3/Q4, 2015, see page 27-28 for further 43-101 disclosure

DISCOVERY LOWER PHOENIX GOLD ZONE

2015 MINERAL RESOURCE & RESERVES Proven and Probable underground Mineral Reserves increased 34% to 244,000 ounces of gold. (Dec 31. 2015)

Mineral Reserve grade increased 25% grading 6.95 g/t gold (Dec 31. 2015)

Fosterville’s current mining front comprising the Phoenix and Lower Phoenix gold systems, and associated structures, host

Measured and Indicated Mineral Resources containing 673,000 ounces grading 8.33 g/t2 open up and down plunge

High grade, visible gold-bearing Lower Phoenix system tested over two kms and open for expansion

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Fosterville Mine (Longitudinal Projection)

Harrier Drill Drive

12.5 g/t Au over 3.3m


Lower Phoenix

Phoenix Drill Targets

1km step-out drillingH2/2016 drill results

NORTHSOUTH

Mineral Resources, Reserves and MINING as at December 31, 2015

Harrier Decline

Harrier

Proven & Probable Mineral Reserves of 244,000 ounces grading 6.95 g/t gold

Fosterville Global Measured and Indicated Mineral Resources of 2.1 million ounces grading 4.39 g/t gold




6,0

00

mN



5,4

50

mN

80

50

mN

Drilling underway


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LegendDrill InterceptsColoured by Gram-Metre

Mined Stopes Reserves >30 5 - 15

Mined Development Mine Design Target Trend 15 – 20 1 - 5

12.8 g/t Gold over 8.5m


16.4 g/t Gold (Visible Gold)over 16.5m

73.2 g/t Gold (Visible Gold) over 7.8m

385 g/t Gold (Visible Gold) over 3.4m

Fosterville Mine (Lower Phoenix, Phoenix Mining Front)

112 g/t Gold over 11.9m

286 g/t Gold (Visible Gold) over 2.8m


501 g/t Gold over 4.5m

161 g/t Gold over 4.9m645 g/t Gold over 3.5m

Lower Phoenix & Phoenix gold system, current mining fronts at Fosterville include:

M & I Resources of 673,000 oz grading 8.33 g/t gold

Inferred Resources of 101,000 ozgrading 9.49 g/t gold

Phoenix

Lower Phoenix

15TSX:NMI

Fosterville Mine – Peer Cost Comparison

H2/15Production

H2/15Cash CostsPer Ounce

H2/15 AISC

Per Ounce

Fosterville/Newmarket Gold1(Australia) 64,044 $496 $781

Andy Wells/Doray Minerals2(Australia) 47,197 $443 $783

Carosue Dam/Saracen Minerals2(Australia) 82,405 $548 $742

Timmins West/Lakeshore Gold3(Canada) 64,000 $607 $929

Pajingo/Evolution Mining2(Australia) 32,316 $634 $895

Macassa/Kirkland Lake4(Canada) 61,475 $650 $962

1. See non-IFRS details on slide 32, second half 2015 end Dec 31, 2015 for costs and production, excludes corporate G&A 2. Jun, Dec 2015 Quarterly Reports, Weighted average costs based on quarterly results. Assuming 0.730 USD:AUD for all quarters 3. Q3 and Q4 Results Press Releases 4. Mar, Jun, Sep, Dec 2015 Quarterly Reports, Production based on 2015 Stub-year 8 month period May 1 to Dec 31, 2015, costs based on 6 month period ended Oct 31, 2015

(open pit/underground)

(open pit/underground)

Underground Mine Comparisons

16TSX:NMI

Fosterville123,095

Cosmo63,255

Stawell36,321

Fosterville Operation Profile 2014A 2015A 2016 Guidance Q1/2016A

Gold Production 105,342 123,095 110 – 120 Koz 33,138

Gold grade (g/t) 4.62 6.11 n/a 7.34

Recovery (%) 86.4 88.5 n/a 86.8

Operating Cash Costs (US$/oz) $737 $516 $500-$575 $423

AISC (US$/oz) $1,186 $8371 n/a2 $723

Operations Overview

1. (see Non-IFRS Disclosure p.35). 2. 2016 Consolidated Company AISC guidance is US$950 – US$1,025/oz and operating cash cost guidance is US$650 – US$725/oz

Cosmo Operation Profile 2014A 2015A 2016 Guidance Q1/2016A

Gold Production 77,740 63,255 60 – 65 Koz 16,340

Gold grade (g/t) 3.14 2.99 n/a 3.09

Recovery (%) 88.9 90.7 n/a 90.7

Operating Cash Costs (US$/oz) $1,000 $917 $720-$795 $939

AISC (US$/oz) $1,2631 $1,1541 n/a2 $990

Stawell Operation Profile 2014A 2015A 2016 Guidance Q1/2016A

Gold Production 39,230 36,321 ~35 Koz 8,579

Gold grade (g/t) 1.67 1.56 n/a 1.43

Recovery (%) 78.8 80.8 n/a 79.9

Operating Cash Costs (US$/oz) $1,151 $917 $900-$975 $1,143

AISC (US$/oz) $1,1931 $1,0631 n/a2 $1,218

55% GOLD

PRODUCTION FROM FLAGSHIP

FOSTERVILLE GOLDMINE

Gold Production (oz)222,671 oz

FY 2015

17TSX:NMI

Stawell Mine Aurora B Discovery Section

Maiden Inferred Mineral Resource of 30,400 ounces grading 3.5g/t gold. The grade of the Aurora B Inferred Mineral Resource is 42% greater than the underground Mineral Reserve grade

East Flank TargetAurora A

Traditionally mined West Flank total production to date 2.3 million ounces

Magdala

13.7 g/t gold over 5.4 m

Drilling underway

Aurora B located approximately 500m above Aurora A

18TSX:NMI

Maud Creek Gold Project Opportunity Cosmo Gold Mine currently processes ~800,000 tpa through the Union Reefs Mill (guidance 2016, 60k-65k ounces)

Union Reefs mill has 1.2Mt of excess capacity to treat additional ore and is located 67km from Cosmo and 144km from Maud Creek

Pre-Tax Net Present Value at a 5% discount rate (“NPV5%“) of AUD$201 million (US$155 million) and Internal Rate of Return (“IRR”) of 116% with a 1.25 year payback period.

After-tax NPV5% of AUD$137 million (US$105 million) and IRR of 80% and a 1.25 year payback period.

Mine life of 9.5 years with average annual gold production of 52,000 ounces and peak annual gold production of approximately 70,000 ounces.

Total recovered gold of 496,000 ounces.

Life of mine (“LOM”) diluted head grade of 4.2 g/t Au.

Pre-production capital cost estimated at AUD$42 million (US$32 million).

LOM cash operating cost estimate of AUD$1,101/oz (US$847/oz) and LOM capital cost of AUD$113/oz.

MAUD CREEK GOLD PROJECT OPPORTUNITY UTILIZING UNION REEF MILL

BASE CASE PRELIMINARY ECONOMIC ASSESSMENT HIGHLIGHTS US$ 1,200 AND FX 0.77 US to AUD1

1. The PEA is preliminary in nature and is based on a number of assumptions that may be changed in the future as additional information becomes available. The PEA includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. The Maud Creek Gold Project PEA Technical Report is available on Sedar and www.newmarketgoldinc.com and was compiled by Peter Fairfield, Principal Consultant (Project Evaluation), BEng (Mining), FAusIMMCP (Mining) of SRK Consulting (Australasia) Pty Ltd. By virtue of his education, membership to a recognised professional association and relevant work experience, Peter Fairfield is an independent "Qualified Person" as such term is defined in NI 43-101. Mineral resources that are not mineral reserves do not have demonstrated economic viability. For full details please see press release dated May 16, 2016

http://www.newmarketgoldinc.com/

19TSX:NMI

PEOPLEFounders have created over $30 billion of shareholder value Shareholder alignment C$12M invested, 7.4% equity ownership, performance share units vest based on share price performance

Demonstrated operational excellence

OPERATIONSThree operating mines in Australia with over 220,000 ounces of annual gold production, strong cash position US$52.1 million, with low Q1 2016 operating cash costs of $701 and AISC of $908

Trend to higher consolidated grades and recoveries

GROWTHNewmarket’s vision is to become the next quality intermediate gold producer with annual production of 400-500kozs

Focusing on internal organic growth and a prudent accretive acquisition strategy

Newmarket Gold Advantage

DISCOVERIESThree new mine site gold discoveries close to current infrastructure with significant resource expansion opportunity – extensive drilling underway

New Eagle visible gold discovery at Fosterville traced over 600m x 290m open down plunge

Douglas ForsterPresident & CEO, Director

T: 604-559-8040E: [email protected]

www.newmarketgoldinc.com

Contact Us

Ryan KingVice President, Corporate Communications

T: 604-559-8040E: [email protected]

TSX:NMI

21TSX:NMI

Proven Track Record of Success

“Newmarket Gold Inc.’s mission is to deliver exceptional shareholder value through a disciplined approach to acquiring quality, gold production assets and outstanding development

opportunities in politically stable jurisdictions worldwide”

Public Sold

Principals have founded, managed and sold mining companies with a combined market value of approximately $30 billion

http://www.lucaradiamond.com/

http://www.lucaradiamond.com/

22TSX:NMI

Analyst Coverage1 and Liquidity Since July

Firm GMP Securities Anonymous TD Securities R. James CIBC Beacon Canaccord RBC Scotia

Shares Traded

24.5 Million 15.0 Million 8.7 Million 6.6 Million 5.5 Million 5.0 Million 3.7 Million 3.4 Million 2.7 Million

30 Day Avg Volume 1,700,000 (as of April 19 2016)

BrokerInitiation

DateTarget Price

Target RatingFY16E

ProductionOz (000’s)

FY16ECash Costs

FY16EAISC

CAPEX NAV

Beacon Securities Nov ’15 $4.70 Buy 211 $704 $1,139 $29.5 $377

Cormark Securities Nov ’15 $3.30 Buy 222 $710 $1,017 _ $245

GMP Oct ’15 $3.55 Buy 227 $680 _ $55 $351

Laurentian Bank Dec ’15 $4.50 Buy 213 $697 $948

Raymond James Nov ’15 $3.75 Strong Buy 225 $709 $1,012 $58 $412

RBC Capital Nov ’15 $3.50 Buy 229 $696 $991 $58 $391

Rodman & Renshaw Dec ’15 $4.50 Buy 229 $725 $995 $47 $374

PI Financial Jan ’16 $4.60 Buy 226 $699 $944 $60.1 $209

M Partners Mar ’16 $4.75 Buy 225 $709 $1,062 $76.1

BMO Feb ‘16 $4.00 Buy 222 $686 $982 $480

Average $4.12

1. Factset consensus(Trading details July 2015 - Mar 1 2016)

OPINIONS ESTIMATES OR FORECASTS REGARDING NEWMARKET GOLDS PERFORMACE MADE BY THESE ANALYSTS ARE THIERS ALONe AND DO NOT REPRESENT THE OPINIONS ESTIMATES OR FORECASTS OF NEWMAKRET GOLD OR ITS MANAGEMENT.

23TSX:NMI

$400

$800

$1,200

$1,600

$2,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Go

ld S

po

t (i

n A

UD

$)

Historical Gold Price (in AUD$)

Appendix: Gold has remained strong in AUD terms

Source: FactSet, Bloomberg, company disclosure, available equity research

Current Spot Gold:AUD$1,725/oz(May 09, 2016)

24TSX:NMI

Appendix: Mineral Resources (Dec 31. 2015)

Source: Newmarket Gold March 21, 2016 press release announcing 2015 year-end mineral reserves and mineral resources

Note: Mineral Resources are inclusive of Mineral Reserves. Mineral Resources have been rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding. Mineral Resources are stated as of Dec 31, 2015. Gold Price A$ 1,500/oz used. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

1. Newmarket Gold announced a Preliminary Economic Assessment on the Maud Creek Gold Project May 16, 2016. A NI 43-101 Technical Report is available at www.newmarketgoldinc.com and under the companies profile on sedar.ca. The Maud Creek Mineral Resources summarize both the open pit and underground resource estimates as included in the PEA. The o pen pit Mineral Resource is exclusive of the underground mineral resource and reported at a 0.5g/t cut -off grade. The underground Mineral Resource is exclusive of the open pit Mineral Resource and reported at a 1.5g/t cut -off grade.

Measured Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz)

Fosterville UG 2,086 3.25 218

Fosterville Tailings 571 7.83 144

Cosmo 1,650 3.63 193

Stawell UG 56 2.56 5

Maud Creek1 1,067 5.59 192

Total Measured 5,430 4.29 752

Indicated Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz)

Fosterville UG 12,950 4.57 1,904

Cosmo 2,987 2.99 288

Stawell UG 669 3.49 75

Stawell Op 3,394 1.52 166

Burnside 7,358 1.36 322

Union Reefs 3,579 2.38 273

Pine Creek 8,393 1.41 379

Maud Creek1 5,426 3.04 532

Total Indicated 44,756 2.74 3,939

Total (M&I only) 50,193 2.91 4,691

Inferred Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz)

Fosterville UGa 5,073 4.08 665

CosmoC 678 2.76 60

Stawell UGd 1118 3.24 116

Stawell Opf 46 1.15 2

Burnsideg 6,820 1.46 321

Union Reefsh 3,342 2.3 247

Pine Creeki 2,540 2.34 191

Maud Creeke,1 1,980 2.32 149

Total Inferred 21,597 2.52 1,751

http://www.newmarketgoldinc.com/

25TSX:NMI

Classification Structure

Measured Indicated Inferred

Tonnes Grade In situ Gold Tonnes Grade In situ Gold Tonnes Grade In situ Gold

(kt) g/t Au (kOz) (kt) g/t Au (kOz) (kt) g/t Au (kOz)

Allwood* Lower Phoenix 5 5.59 1 110 6.30 22 170 6.48 36

Eagle* Lower Phoenix 23 16.76 12 178 10.97 63 43 27.21 37

East Dippers* Lower Phoenix 1 6.85 0 544 9.79 166 27 16.12 14

Ellesmere - - - 331 5.73 61 20 3.39 2

Harrier - - - 48 3.96 6 25 3.62 3

Kestrel 6 6.69 1 960 4.70 145 175 5.13 29

Lower Phoenix* Lower Phoenix 64 7.68 16 495 8.75 139 - - -

Lower Phoenix* FW Lower Phoenix 37 10.38 12 278 8.16 73 34 4.89 5

Phoenix* Phoenix 151 7.58 37 627 6.54 132 59 4.89 9

Raven - - - 119 8.12 31 - - -

Robin - - - 68 8.39 18 - - -

Splays - - - 912 5.74 169 298 3.98 38

Vulture - - - 517 5.04 84 635 4.56 93

Stockpile# 27 4.65 4 - - - - - -

Total Sulphide 315 8.29 84 5,188 6.65 1,109 1,488 5.58 267Notes:

*Fosterville’s underground Measured and Indicated Mineral Resources include resources in the existing mining fronts in the Phoenix and Lower Phoenix gold system of 673,000 ounces grading 8.33 g/t Au.

For the Mineral Resource estimate, the Qualified Person is Troy Fuller, MAIG, Geology Manager for Newmarket

The Mineral Resources reported are inclusive of the Mineral Reserves for the same area.

Lower cut-off grade of 3.0 g/t is applied to Lower Sulphide Mineral Resources below 5050mRL.

Mineral Resources are rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding.

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

The Mineral Resource estimate used a gold price of A$1,500 per ounce.

#Stockpile Inventory includes Lower Central Area Mineral Resources contained within the Run of Mine Stockpile and Coarse Ore Stockpile as at 31st December 2015

Appendix: Mineral Resources (Dec 31. 2015)

Fosterville Central Area Lower Sulphide Mineral Resources (Inclusive of Mineral Reserves) below 5050mRL – as at Dec. 31, 2015

26TSX:NMI

Appendix: Mineral Reserves (Dec 31. 2015)

2P Reserves Tonnes (Mt) Grade Au (g/t) Au (kozs)

Fosterville (Under Ground) 1.09 6.95 244

Fosterville (Tailings) 0.57 7.83 144

Cosmo 0.93 3.38 101

Stawell (Under Ground) 0.35 2.45 28

Stawell (Open Pit) Big Hill 3.12 1.36 138

Union Reefs (Under Ground) 0.27 4.42 39

Union Reefs (Open Pit) 0.24 1.61 12

Pine Creek 1.3 1.55 62

Total Proven & Probably Reserves 7.8 3.05 769

Source: Newmarket Gold March 21, 2016 press release announcing 2015 year-end mineral reserves and mineral resources

Note: Mineral Resources have been rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding. Mineral Reserves have demonstrated economic viability. Processing Recoveries range between 88% and 93%, excluding Fosterville Tailings which expects recoveries of 25% (see reports for details). Mining Recoveries range from 85% and 95% (see reports for details). Gold Price of $A1,450/Oz used. Mineral Reserves as of December 31, 2015. Mining Dilution ranges from 5% to 20% (see reports for details).

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Appendix: Fosterville Mine New Discoveries Eagle Fault, highlight intercepts include;

386 g/t Au (1) over 9.15 m (ETW 3.35 m) in hole UDH1238 (Including 5,283 g/t Au(1) over 0.6 m), 268 g/t Au (1) over 7.85 m (ETW 2.77 m) in hole UDH1255 (Including 5,276 g/t Au(1) over 0.35 m)and 73.15 g/t Au (1) over 8.7 m (ETW 7.78 m) in hole UDH1240A. Visible Gold has also been observed in the upper parts of Eagle zone in underground exposures.

Lower Phoenix Footwall, intercepted 77.87 g/t Au(1) over 6.3 m (ETW 4.33 m)in hole UDH1219A

East Dipping Fault, intercepted 246 g/t Au (1) over 0.90 m (ETW 0.81 m) in hole UDH1298 and 34.47 g/t Au over 5.1 m (ETW 4.09 m) in hole UDH1294

Kestrel structure returned 5.37 g/t Au over 9.75 m (ETW 5.12 m) in hole UDH1274 and 6.16 g/t Au over 11.05 m (ETW 5.12 m) in hole UDH1122

(1) Visible gold present in drill intercept, ETW - Estimated True Width, for further information on drill results see Newmarket Gold’s press releases dated July 27, 2015 and September 14, 2015, Jan 11, 2016, Feb 29, 2016, May 9, 2016 located at www.newmarketgoldinc.com

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Appendix: Fosterville Mine (Eagle Zone - Visible Gold)

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Appendix: Cosmo Mine Western Lodes

A number of drill holes have now penetrated the Western Lodes Target.

Drill results for the Cosmo Western Lodes which are outside of the current mine plan include 7.42 g/t gold over 4.3 m (estimated true width 2.85 m) and 6.59 g/t gold over 6.4 m (estimate true width 1.65 m).

Work continues to fully define the potential of the Western Lodes

Target is located only 160 m from current development and has the potential to increase resources at Cosmo and expand the current mine plan to alternative mining areas.

Note: For further information on drill results see Newmarket Gold’s press release dated July 22, 2015 located at www.newmarketgoldinc.com

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Appendix: Cosmo Mine Sliver Lode & Deeps

Development of the Sliver Lode at the Cosmo Mine with additional high grade results including: 14.79 g/t Au over 11.4 m (ETW 11.4 m) in hole CE67518 and 14.07g/t Au over 6.0 m (ETW 5.83 m) in hole CE67522.

Down plunge drilling in the footwall area of the Cosmo deposit, the Cosmo Deeps drill program has identified mineralization approximately 200 m down-plunge from the current base of Mineral Resources at Cosmo. The Cosmo Deeps drilling program was successful and include intercepts such as 5.85 g/t Au over 5.70 m (ETW 4.2 m) in hole CE84099 and 3.09 g/t Au over 6.4 m (ETW 5.0 m) in hole CE840100.

The very encouraging Cosmo Deeps and Sliver drill results have identified an opportunity to drill the down plunge potential of these targets from surface. This program is expected to commence in late 2015 and will cover 2,000 m of drilling to allow for future infrastructure planning for the mine. This drilling is planned to intersect the mineralization around 100 m down plunge from recent Sliver Lode drilling results as well as around 80 m above the intercept in drill hole CE840100. This program has the potential to add significant mineralization extension to the Cosmo deposit.

Note: For further information on drill results see Newmarket Gold’s press release dated September 21, 2015 located at www.newmarketgoldinc.com

Cosmo Deeps

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Appendix: Stawell Aurora B East Flank

New discovery of Aurora B East Flank mineralization is a significant event in the long history of the Stawell mine.

West Flank at Stawell has produced 2.3 million oz gold whereas the East Flank, where the Aurora B discovery has been made has no recorded production.

Drilling on the Aurora B discovery returned high-grade intercepts containing visible gold including: 7.06 g/t gold over 17.80 m (estimate true width 8.3 m).

Additional drilling on this new discovery is on-going.

Note: For further information on drill results see Newmarket Gold’s press release dated July 22, 2015 located at www.newmarketgoldinc.com

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Fosterville Mine Gravity Circuit Addition

The company has now committed to installing a 10 tonnes per hour gravity circuit (Knelson Concentrator) within the secondary (‘Regrind’) grinding circuit (Figure 5) at a cost of US$0.4 million with the installation expected to commence in early 2016 and be operational by the end of Q2 2016.

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Appendix: Non-IFRS and Additional InformationNon-IFRS MeasuresNewmarket Gold believes that investors use certain indicators to assess gold mining companies. The indicators are intended to provide additional information and should not beconsidered in isolation or as a substitute for measures of performance in accordance with the International Financial Reporting Standards.“Operational Cash Costs per Ounce” is a non-IFRS performance measure which could provide an indication of the mining and processing efficiency at the operations.The Company calculates operating cash costs per ounce by deducting silver sales revenue as a by-product from operating expenses per the consolidated statement of operations, thendividing by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties,however excludes depletion and depreciation, share-based payments and rehabilitation costs. There are variations in the method of computation of “operational cash costs per ounce” asdetermined by the Company compared with other mining companies. For more detail on the operational cash costs per ounce determination for Crocodile Gold, please visitwww.sedar.com or www.newmarketgoldinc.com and review the latest Annual Financial Statements issued on March 19, 2014.

“All-In Sustaining Costs per Ounce of Gold (“AISC”) Effective December 31, 2013, the Company has adopted an all-in sustaining cost (“AISC”) performance measure that reflects all of theexpenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company’s definitionconforms to the AISC definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in assessing operating performance and the abilityto generate free cash flow from current operations. The Company defines AISC as the sum of operating cash costs (per above), sustaining capital (capital required to maintain currentoperations at existing levels), capital lease repayments, corporate general and administrative expenses, mine exploration within the known resources and rehabilitation accretion andamortization related to current operations. AISC excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration andevaluation related to growth projects, rehabilitation accretion and amortization not related to current operations, financing costs, debt repayments, share-based compensation not relatedto operations, and taxes.

Additional InformationNotes for Page 25: For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see the technical reportstitled: NI43-101 TECHNICAL REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR NEWMARKET GOLD INC dated March 21, 2016 and; NI43-101 TECHNICAL REPORT –BIG HILL ENHANCED DEVELOPMENT PROJECT AT STAWELL GOLD MINE MINERAL RESOURCES & RESERVES PREPARED FOR CROCODILE GOLD CORP dated June 6, 2014. For the NorthernTerritory Mineral Reserve Estimates please refer to the technical reports titled: REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE COSMO DEEPS GOLD PROJECT datedMarch 21, 2016; NI 43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR NEWMARKET GOLD INC dated March 21, 2016;REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE UNION REEFS GOLD PROJECT dated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVESOF THE PINE CREEK GOLD PROJECT dated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE MAUD CREEK GOLD PROJECT dated December 31, 2012and; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE BURNSIDE GOLD AND BASE METAL PROJECT dated December 12, 2013.Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Qualified PersonMark Edwards, MAusIMM (CP), MAIG, General Manager, Exploration, Newmarket Gold, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewedand approved the technical information and data included in this presentation.

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