tsx.v: ugd · tsx.v: ugd unigoldinc.com 2 forward looking statements certain statements contained...

TSX.V: UGD unigoldinc.com 1

Stepping to Development

in the Caribbean

TSX.V: UGD

Corporate Presentation ⏐ Canada March, 2020


Forward Looking Statements

Certain statements contained in this presentation, including statements regarding events and financial trends that may affect our future

operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws.

These statements are based on our assumptions and estimates and are subject to risk and uncertainties.

You can identify these forward-looking statements by the use of words like “strategy”, “expects”, “plans”, “believes”, “will”, “estimates”, “intends”,

“projects”, “goals”, “targets”, and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical

or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may

differ materially.

The forward-looking statements contained in this document are made as of the date hereof and we assume no obligation to update the forward-

looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements.

Where applicable, we claim the protection of the safe harbour for forward-looking statements provided by the (United States) Private Securities

Litigation Reform Act of 1995.

Core drilling is being done primarily with NQ. Samples are logged, split by wet diamond saw, and half sent for assaying with the other half

stored on site. Sample lengths typically average 1 m, but vary by geological boundaries. QA/QC included inserting certified standards and

blanks into the sample stream at industry standard intervals. Samples are prepped by Bureau Veritas Labs in the Dominican Republic, with

assaying performed through Bureau Veritas’ laboratory in Vancouver, Canada. Analytical procedures include a 35-element ICP-ES analysis

(MA-300) and a 50 g FA AA finish for gold (FA450). Wes Hanson, P.Geo., COO, and a Qualified Person under National Instrument 43-101, has

reviewed and approved the contents of this presentation.


Management

Joseph Hamilton,

P. Geo, CFA

Chairman of the Board of Directors and Chief Executive Officer

Mr. Hamilton is a Professional Geologist with

over 30 years of experience in mineral

exploration, capital markets and mine

development. Mr. Hamilton has been involved

in all facets of the mineral development cycle

from early stage generative exploration to

resource definition, feasibility studies,

environmental permitting, community

consultations, project financing, and

construction management. Mr. Hamilton has

managed base metal and gold projects in North

America, Latin America and Africa. In addition

to being a Professional Geologist in Ontario,

Mr. Hamilton is a Chartered Financial Analyst, a

member of the CFA Institute and a member of

the Institute of Corporate Directors.

John Green,

MBA, CPA, CMA

Chief Financial Officer and Secretary

Mr. Green has over 30 years of

experience working with both producing

and exploration / development stage

companies in the mining sector. Mr.

Green has worked with Falconbridge

Limited, Lac Minerals Limited, AfriOre

Limited, Platexco Inc., and Intrepid

Minerals Ltd. in a variety of roles

including CFO and Director. For seven

years prior to joining Unigold, as

Controller of High River Gold Mines Ltd.,

he was closely involved with the

financing and construction of two new

open-pit gold mines. Mr. Green has a

MBA in finance and is a Chartered

Professional Accountant.

Wesley C. Hanson,

P.Geo.

Chief Operating Officer

Mr. Hanson joined Unigold's team in March 2013. Mr. Hanson

brings over 32 years of industry experience , including

exploration, mine development, mine operations, project

evaluation and financing. Mr. Hanson was President and CEO

of Noront Resources (2009 -- 2012), VP Mine Development,

Western Goldfields / Silver Bear Resources (2006 through

2009), Director Technical Services, Kinross Gold (2002-2006)

and Project Geologist, SNC-Lavalin Engineers and

Constructors (1999-2002). Mr. Hanson has also served on the

Board of Directors for Noront, Cobriza Metals and St. Eugene

Mining. Earlier in his career, Mr. Hanson supervised numerous

gold exploration projects throughout northern Canada and the

US, many of which successfully advanced from exploration

projects through mine development and construction into

commercial operation. Mr. Hanson graduated from Mount

Allison University in 1982 with a Bachelor of Science degree in

Geology.


Board of DirectorsJoseph Hamilton, P.

Geo, CFAChairman of the Board of

Directors and Chief

Executive Officer

Joseph Del Campo,

CPA, CMADirector

Charles Page, M.Sc.,

P.Geo.Director

Mr. Hamilton is a Professional Geologist with over 30 years of experience in mineral exploration, capital markets and mine development. Mr. Hamilton has been involved in all facets of the mineral development cycle from early stage generative exploration to resource definition, feasibility studies, environmental permitting, community consultations, project financing, and construction management. Mr. Hamilton has managed base metal and gold projects in North America, Latin America and Africa. In addition to being a Professional Geologist in Ontario, Mr. Hamilton is a Chartered Financial Analyst, a member of the CFA Institute and a member of the Institute of Corporate Directors.

Mr. Del Campo holds Chartered Professional Accountant (CPA) and Certified Management Accountant (CMA) designations. He began his career with Falconbridge Limited and spent over 19 years working within the Falconbridge group of companies at progressive financial positions, including Controller and Treasurer of Falconbridge Dominicana, a ferronickel operation in the Dominican Republic; and Falconbridge Gold Corporation, a gold mining company with operating mines in Africa and Timmins, Ontario. Over the past 20 years, Joseph has been a Director and Vice President, Finance and Chief Financial Officer (CFO) of a number of junior exploration companies listed on the TSX and TSX Venture Exchange.

In addition to being a Professional Geologist, Mr. Page has acted as senior officer, director and CEO for several publicly traded junior resources companies. Over the past 30 years, Mr. Page has developed, organized and implemented major exploration projects in several mining camps in Canada and in the Republic of Cuba. He is familiar with all aspects of exploration from grass-roots projects to feasibility studies, production and mine closure. His primary geological expertise is in Precambrian gold and base metal, epithermal gold, porphyry copper-gold and disseminated gold deposits. He is also a director of Osisko Gold Royalties Ltd.

Ruben Padilla, PhDDirector

Jean-Marc LacosteDirector

Jose AceroDirector

Normand

TremblayDirector

Mr. Padilla has 25 years' experience working on target generation, project evaluations, mining geology, and management of exploration programs with various companies mostly focused on the Americas. He holds a geological engineering degree from the University of Chihuahua in Mexico and a Master and PhD degrees from the University of Arizona. Currently he is chief geologist of Talisker Exploration Services Inc., an Ontario based Mining and exploration services company co-founded by Mr. Padilla in 2010, whose principal clients are Osisko Gold Royalties and their associated companies. He worked and completed important research at La Escondida deposit in Chile where he identified a blind target related with a younger porphyry event today known as the Escondida Este deposit. With AngloGold Ashanti he acted as exploration country manager in Peru and in Colombia and as Chief Geologist for the Americas exploration group. He was part of the team that discovered the Colosa and Gramalote deposits in Colombia.

Mr. Lacoste is the President and CEO of Monarch Gold Corporation. Jean-Marc earned his bachelor's degree in Economics from McGill University in Montreal. In 1993 he started a career in finance at the Montreal Stock Exchange where he worked for National Bank Financial and, subsequently, Merrill Lynch Canada. In 2000 he left Montreal for Toronto to join Northland Power, a wind power energy corporation, as Vice President of Acquisitions. He returned to Montreal in 2002 where he joined the boards of a few public and private companies. From 2004 to 2010, he took a major role in Golden Goose Resources Inc. where he became President and CEO.

Mr. Acero has 20 years of experience as metal trader. He holds a business degree from the Universidad Nacional Pedro Henriquez Ureña.

Mr. Tremblay is the former CEO of United Bottles & Packaging of Laval, Quebec.


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Capital Structure

TSX.V: UGD

Market Capitalization CAD $14 million

Shares Outstanding 78 million

Warrants (Sep 2021, $0.14) 17 million

Options (avg. $0.25) 5.8 million

52 week Hi - Low $0.28-$0.09

Shareholders

Eric Sprott 12.8%

Osisko Gold Royalties Ltd 10.6%

Monarch Gold 8.3%

Evanchan (Rob McEwen) 8.1%

Officers and Directors 7.2%


2020 Objectives

+ Complete sufficient drilling to define M&I resource

+ Complete metallurgical studies to finalize process design

+ Compete sufficient geotechnical work to finalize pit and tailings design

+ Complete an economic study on starter pit

+ Complete infill drilling to move known resources into M&I category

+ Complete detailed metallurgical studies to finalize a process design

+ Complete sufficient geotechnical work to allow ramp design to be confirmed

+ Expand mineralization along strike and to depth – target 2 million ounces gold equivalent in all

categories at 3 g/t cut-off

+ Continue with local community engagement programs

+ Initiate national engagement program

+ Monitor elections and engage new government

Oxide Resource

SulphideResource

CSR Programs


Historic Overview

2.0 M oz Au averaging 1.6 g/t Au –

Optimized Pit Constrained – Inferred Classification

(2013)

• $1500 / oz gold, 100m x 100m grid drilling

• Oxides : 112 K oz oxide resource averaging 1.0 g/t

– preliminary metallurgy suggests +96% recovery

with direct cyanidation;

• Oxide extends to 20.0m from surface, upper 5.0m

(at least) is free dig material;

• Oxide has room for expansion

• 100m x 100m drill spacing identified high grade

mineralization (+5.0 g/t Au; +1.0% Cu)

Open Pit

Resource

2013

894 K oz Au averaging 5.2 g/t Au –

Underground access – Inferred Classification

(2015)

• 3.5 g/t cut-off, $1200 / oz gold price

• Estimate utilized same database and ignored

near surface, focusing solely on the higher

grade sulphide mineralization.

• Includes +40M lbs Cu @ 0.35%

Underground

Estimate

2015

New high-grade discoveries in 2016 changed the game

New high-grade

discoveries

2016


Dominican Republic

0 20km

+ Established world class

deposits (Pueblo

Viejo, Falcondo,

Cerro Maimon)

+ Established mining law,

taxation and

regulations (5% export

duty on finished metal,

25% income tax);

+ Good infrastructure,

power, workforce,

roads,

telecommunications,

etc.

Neita Concession

Pueblo Viejo,

Falcondo,

Cerro de Maimon


Nieta Concession

Candelones Project – Inferred Mineral Resources Au and Cu

Cu targets

Au targets

+ Exploration concessions awarded

for 3 years PLUS;

+ Owner may apply for two (2)

extensions, each extension allows

one year of additional exploration;

+ Concession holder has advance

period to re-apply for existing

concessions on expiration;

+ Current exploration license

granted May 2018;

+ Current environmental license

granted November 2018


Candelones DepositsConceptual Model

Large massive sulphide mounds are

generally formed on the seafloor under

high confining pressures, sometimes

venting directly to seawater (black

smokers), and sometimes diffusing

through sediments to form replacement

deposits

Paleoseafloor

DACITE VOLCANICS /

VOLCANOCLASTICS

Bedded sulphides

Brecciated and Massive

Sulphides

Sericite Alteration

Chlorite Alteration

Stockwork

SEA WATERSilica rich tuffite


Candelones DepositsConceptual Model

SEAWATER

Diffuse VMS Zn, Pb,

Ag, Cu, Au

mineralization

ANDESITES

DACITES

DACITES

VMS vents poorly

altered due to lack

of confining

pressure

Synchronous dacite layer

up to 150m thick deposited

as VMS enrichment is

ongoing

At Candelones, deposition seems to have

been in shallow water and diffused

through dacitic composition sediments

Continuing volcanism deposited less

porous volcanoclastic andesites above the

dacites and increased confining pressures


Candelones Deposits

ANDESITES

ANDESITES

DACITES

DACITES

Continued thrusting, cross faulting and island arc

tectonics tilted the strata….

….and opened up new pathways for the

mineralizing event to overprint existing deposits.


Candelones

Deposits

Candelones Main

Candelones

Connector Candelones Extension

Target A

Au-Cu MS

Target B

Target C

ANOMALY B

ANOMALY A

DACITES

ANDESITES

A late stage of

mineralization likely

utilized new pathways

and created new

mineral assemblages

and zoning


Candelones

Deposits

Target A

Candelones Main Pit2004 – 2011

• 170 holes (30,000 m)

• 308,000 ozs Au

• (inferred in-pit sulphide)

Candelones Connector Pit2011-2016

• 54 holes (8,000 m)

• 74,000 ozs Au


Candelones Extension Pit2011-2014

• 140 holes (52,000 m)

• 950,000 ozs Au


Massive Sulphide Zone2016 - present

• 12 holes (4900 m)

Sub-vertical

feeder systems

Open to depth

A

BC


Candelones DepositsSignificant Intersections from drilling 2016-2020

Target

• 22 m @ 6.93 g/t Au, 0.6% Cu

• 6 m @ 6.05 g/t Au, 0.8% Cu

• 25m @ 5.67 g/t Au, 0.4% Cu

• 34.9 m @ 6.19 g/t Au, 0.6% Cu

• 15.7 m @ 7.45 g/t Au, 1.1% Cu

• 34.0 m @ 4.15 g/t Au, 0.4% Cu

• 5.7 m @ 5.07 g/t Au, 2.5% Cu

• 4.1 m @ 7.31 g/t Au, 1.1 % Cu

• 9.0 m @ 4.81 g/t Au, 0.7% Cu

• 9.0 m @ 11.9 g/t Au, 2.0% Cu

• 21.2 m @ 6.0 g/t Au, 0.9% Cu

• 5.7 m @ 12.1 g/t Au, 1.2% Cu

ATarget

• 15.8 m @ 11.36 g/t Au, 0.4% Cu

• 10 m @ 6.71 g/t Au, 0.7% Cu

• 4 m @ 9.67 g/t Au, 0.1% Cu

• 3 m @ 10.7 g/t Au, 2.1% Cu

• 7 m @ 8.86 g/t Au, 37 g/t Ag

• 8 m @ 6.30 g/t Au, 17 g/t Ag

• 3.3 m @ 5.06 g/t Au, 90 g/t Ag

• 4 m @ 10.1 g/t Au, 21 g/t Ag, and 2.4% Zn

• 12 m @ 9.7 g/t Au, 7 g/t Ag, and 1.6% Zn

• 4.6 m @ 3.4 g/t Au, 56 g/t Ag, and 0.9% Zn

C

Together Target A,B,C define over 1.5 Km of strike extent

Target

• 15 m @ 16.36 g/t Au, 2.6% Cu

• 2 m @ 19.62 g/t Au

• 24.4 m @ 3.2 g/t Au, and

• 14 g/t Ag, 2.9% Zn

• 24 m @ 4.59 g/t Au, 0.54% Cu

• 23.7 m @ 4.9 g/t Au, 0.31% Cu

B

я


2013 Drill Intercepts and Resource Envelope


2013 to 2020 Drill Intercepts


Oxide Target

+ Grade thickness contours

based on drill hole assays

ONLY.

+ Blue contour represents 1-3

g/t Au meter for the oxide

unit .

+ Area within 1-3 Au g*meter

contour ~180,000 m2.

Conceptual target:

• 180,000 m2 x 18 m x

1.8t/m3 ~ 5.75Mt

• 5.75Mt @ 1.00 g/t Au ~ 180

K ozs Au


Conceptual Oxide Target

Current resource (Micon 2013)

= 112,000 ozs AuArea of interpreted oxide footprint

is 180,000 m2

Average oxide/transition true

thickness

~ 20m

Potential tonnage within footprint

~ 6.0 MtAverage grade

~ 1.00 g/tPotential contained ounces

~ 180 K ozs

SGS Lakefield estimated

metallurgical recovery of +96%

using direct cyanidation on an oxide

composite averaging 0.88 g/t Au

(SGS Lakefield, 2007)

Truncated to the NW (fault offset)

Open and untested to the SW where IP indicates a string of coincident chargeability highs and resistivity highs, similar to the signature over the currently defined oxide resource – this trend has not been drilled and is under cover.


The Unigold Advantage

+ Proven, field tested hypothesis;

+ Higher grade mineralization

proven within previously

unrecognized features at three

locations within the identified

resource area;

+ High probability that resource can

be increased both in terms of

quantity and quality (more

tonnes, higher grades);

+ Multiple, highly prospective, drill-

ready targets;

+ Lowest quartile operating costs,

less than $120CAD per metre all-

in cost;

+ Low burn rate, ~$175,000 CAD

per month before drilling;

+ High productivity, 1500 to 1800

metres per drill per month;

+ Excellent safety record;

+ Local workforce, over 98% local

hire rate; and

+ Strong community support.


Inferred Mineral Resource Estimate – 2013/20152013 Mineral Resource

EstimateDeposit

Tonnes

(x1,000)

Au

(g/t)

Au ozs

(x 1,000)

Strip

Ratio

Open Pit

Oxide

(0.32 g/t cutoff)

Extension - - - -

Main 2,448 0.92 72 1.3

Connector 1,108 1.12 40 1.3

Subtotal 3,556 0.98 112 1.3

Sulphide

(0.56 g/t cutoff)

Extension 24,223 1.59 1,241 7.6

Main 5,003 1.16 186 1.3

Connector 980 1.08 34 1.3

Subtotal 30,206 1.50 1,461 6.4

Subtotal 33,762 1.45 1,573 5.8

Below PitSulphide

(1.25 g/t cutoff)

Extension 4,977 2.42 387

Main 704 2.21 50

Connector 50 2.49 4

Subtotal 5,731 2.39 441

TOTAL 2013 Estimate 39,493 1.59 2,014

2015 Mineral Resource Estimate

Underground Sulphide 3.5 g/t cutoff 5,274 5.27 894

NOTES

1. The mineral resource estimates

presented above has been prepared

under the supervision of Mr. Alan J. San

Martin, MAusIMM(CP) and Mr. William J.

Lewis (P.Geo.) of Micon International

Limited., both of whom are "qualified

persons" as per the CIM Standards and

independent of Unigold Inc. The Effective

dates of the mineral resource estimates

are November 4, 2013. and February 24,

2015. For more information, please see

the complete reports available at

www.unigoldinc.com or www.sedar.com .

2. The mineral resource estimate presented

above is classified as an Inferred Mineral

Resource. The CIM Standards define a

Mineral Resource as "a concentration of

material in or on the Earth's crust in such

form and quantity and of such grade or

quality that it has reasonable prospects

for economic extraction." The CIM

Standards further define an Inferred

Mineral Resource as "that part of a

Mineral Resource for which quantity and

grade or quality can be estimated on the

basis of geological evidence and limited

sampling and reasonable assumed but

not verified, geological and grade

continuity." The CIM Standards state;

"Due to the uncertainty that may be

attached to Inferred Mineral Resources, it

cannot be assumed that all or part of an

Inferred Mineral Resource will be

upgraded to an Indicated or Measured

Mineral Resource as a result of continued

exploration."

Contact

Information

P.O. Box 936, STN Adelaide,

Toronto ON M5C 2K3 Canada

416.866.8157

[email protected]

Joseph Hamilton, Chairman & CEO

TSX.V: UGD unigoldinc.com

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