Discovery Generator.| MGG | MMRGF

June 2020

Forward Looking StatementInformation Contained in this Presentation

This presentation (the “Presentation”) is a summary description of Minaurum Gold Inc. (“Minaurum” or the “Company”) and its business and does not purport to be complete. This presentation is not, and in nocircumstances is it to be construed as, a prospectus, an advertisement, or a public offering of securities. No securities regulatory authority or similar authority has reviewed or in any way passed upon thedocument or the merits of the Company’s securities and any representation to the contrary is an offence.

Except where otherwise indicated, the information contained in this Presentation has been prepared by Minaurum and there is no representation or warranty by Minaurum or any other person as to theaccuracy or completeness of the information set forth herein. Except as otherwise stated, information included in this Presentation is given as of the date hereof. The delivery of this Presentation shall not implythat the information herein is correct as of any date after the date hereof.

The footnotes, endnotes and appendices to this presentation contain important information. The endnotes and appendices are found at the end of the presentation.

Cautionary Note Regarding Forward-Looking Information

This Presentation includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this Presentation, other thanstatements of historical fact, are forward-looking statements. When used in this presentation, words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”,“scheduled”, “forecast”, “predict”, “foresee” and other similar terminology, or sentences/statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or beachieved are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance. These statements reflect theCompany’s current expectations regarding future events, performance and results, and are accurate only at the time of this Presentation, and may be superseded by more current information.

Forward-looking statements also involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company or its mineral projects tobe materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

In making such statements, the Company has made assumptions regarding, among other things: general business and economic conditions; the availability of additional exploration and mineral projectfinancing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; thetiming and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of theCompany’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; and currency fluctuations.

This Presentation also contains references to estimates of Mineral Resources. The estimation of Mineral Resources is inherently uncertain and involves subjective judgments about many relevant factors. MineralResources that are not Mineral Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptionsmade and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences thatultimately may prove to be inaccurate. Mineral Resource estimates may have to be re-estimated based on: (i) fluctuations in mineral prices; (ii) results of drilling; (iii) metallurgical testing and other studies; (iv)proposed and completed mining exploration programs; (v) the evaluation of exploration and drilling plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits,approvals and licenses.

Although the forward-looking statements or information contained in this Presentation are based upon what management of the Company believes are reasonable assumptions, the Company cannot assureinvestors that actual results will be consistent with these forward-looking statements. They should not be read as guarantees of future performance or results. A number of factors could cause actual results todiffer materially from the results discussed in the forward-looking statements, including, but not limited to: unanticipated changes in general business and economic conditions or conditions in the financialmarkets; fluctuations in the price of metals; stock market volatility; the availability of exploration capital and financing generally; changes in national and local government legislation; changes to taxation;changes in interest or currency exchange rates; loss of key personnel; inaccurate geological assumptions; legal disputes or unanticipated outcomes of legal proceedings; social unrest; competition;unavailability of materials and equipment; government action or delays in the receipt of permits or government approvals; community member disturbances; industrial disturbances or other job action; andunanticipated events related to health, safety and environmental matters, including the impact of epidemics and any escalation in the severity of the COVID-19 pandemic. Forward-looking information isdesigned to help readers understand management’s current views of the Company’s near and longer-term prospects, and it may not be appropriate for other purposes. The Company will not update anyforward-looking statements or forward-looking information unless required to by applicable securities laws. The forward-looking statements contained herein are based on information available and are madeas of the date hereof.

Technical Information

The scientific or technical information in this Presentation has been prepared under the supervision of and reviewed by Mr. Stephen R. Maynard, M.S., C.P.G., a “qualified person” as defined in NationalInstrument 43-101 – Standards of Disclosure for Mineral Projects and Vice President Exploration of the Company.

2

A Mexican Discovery Generator

• Proven Mine Finders

• Discovered deposits in Mexico containing over 300 million ounces Silver and 16 million ounces Gold

• Discovery Generator Model

• Incubator for Mineral Discoveries

• 1) Acquire district-scale projects

• 2) Advance through drilling

• 3) Monetize – Sell or spin out into “Spinco” pure-plays

• Strong Capital Structure

• High net worth shareholders, precious metal funds and family offices comprise over 70% of the shareholder base

• Part of the SILJ:NYSE Junior Silver Miners ETF

• Cash position $10.5 M1

3

Minaurum is a Mexico-focused explorer creating shareholder wealth through the

discovery and development of new district-scale silver and gold discoveries.

Project Portfolio

1 Closed C$5M brokered financing on May 28, 2020 and C$4.2M on June 9, 2020 at C$0.40

Management & Directors

Darrell Rader, BBA, President & CEO, DirectorMining financier and operator, has raised over $100 million for mineral exploration and development.

Stephen Maynard, M.S., V.P. ExplorationPart of team that discovered Cerro de San Pedro gold deposit in Mexico.

Cale Moodie, CA, Chief Financial OfficerPreviously CFO of Underworld Resources (acquired by Kinross Gold) and Sierra Geothermal (acquired by Ram Power).

David M. Jones, M.S., Senior Consulting Geologist & DirectorDiscovered Los Filos and Independencia gold deposits in the Guerrero Gold Belt.

Dr. Peter Megaw, Ph.D, C.P.G., Founder & Director Discovered MAG Silver's Juanicipio and Cinco de Mayo Deposits, and Excellon Resources' PlatosaMine.

David Medilek, P.Eng., CFA, DirectorVP Business Development K92 Mining. Previously mining engineer at Barrick Gold, Investment banking and research at Cormark, Macquarie.

Lawrence Talbot, LLB, DirectorDirector of Balmoral Resources Ltd. and International Tower Hill Mines.

Gerald Rayner, P.Eng, Technical CommitteeKennecott’s OK Tedi Gold and Copper Mine.

4

Our Team Has Made Several DiscoveriesDr. Peter Megaw, Co-founder, Senior Geologist, Director• Discovered MAG Silver’s Juanicipio Silver Deposit• Discovered MAG Silver’s Cinco de Mayo Ag-Pb-Zn-Cu-Au CRD• Discovered Excellon’s Platosa Silver Mine

David M. Jones, Director, Senior Geologist• Discovered Goldcorp’s Los Filos Gold Deposit now owned by Equinox Gold• Discovered Gold Resource Corp’s Switchback vein system at El Aguila • Member of team that discovered Kinross’ Buckhorn Gold Deposit

Gerald Rayner, Senior Consulting Geologist, Technical Committee• Discovered the OK Tedi Gold and Copper Mine

5

Share Performance and Capitalization

6

Shares Outstanding 337,364,046

Options (Price: $0.10 - $0.45) 7,920,000

Warrants (Price: $0.40 -$0.60)

12,594,750

Share Price (C$) $0.47

52-Week High(C$) $0.55

52-Week Low (C$) $0.22

30-Day VWAP (C$) $0.42

1-Year Avg. Daily Vol (k) 84

1-Year Avg. Daily Val (C$k) $48

1-Year Avg. Daily Vol OTCQX (k)

72

Cash Position (C$M) $10.5

Debt Nil

Market Cap (C$M) $160

TSX Venture MGG

OTXQX Best Market MMRGF

Stockchart by Tradingview.com (MGG in C$; Gold & Silver in US$), Share Price Performance and Capitalization table information dated June 10, 2020

MGGSilver Gold

High Net Worth

Investors 60%

Precious Metals Funds15%

Retail20%

Management5%

Shareholder Distribution

Analyst Coverage

AgentisCapital Markets

Canada Ltd

Michael Gray

SOUTHERN SONORA STATEAlamos Silver Project

7

Minaurum does not have an interest in the projects held by Agnico Eagle Mines Ltd, Cobre del Mayo, Coeur Mining Inc, Pan American Silver Corp or Silvercrest Metals Inc. Information about

these properties is not necessarily indicative of the mineralization on the Company's properties.

Alamos Silver Project

Historical production of 200 Moz Silver from Promontorio, Quintera & Minas Nuevas

Two Primary Targets

1) Historic Mines open at Depth and on Strike

2) New Silver Vein Systems

Borders Piedras Verdes, 50,000 tpd open pit and 4,500 tpdunderground Copper-Silver Mine (owned by Salinas Price family)

37,317 has land package

Paved and gravel road access throughout the project, high voltage power on site

Long-term community agreements – same permitting group and drillers as Silvercrest Metals (SIL:TSX)

Ciudad Obregon airport only 45 mins away

City of Alamos population 25,000 and nearby Navajoa City 103,000. Piedras Verdes largest employer.

8

Alamos Historic Producer – Promontorio

• Second largest mine at Alamos -Produced estimated 70 Moz Ag

• Veins were high-graded leaving un-mined mineralization behind (up to 20m widths)

• Historic underground drilling proved historic deposit continues at depth and along-strike

• Holes up to 150 m below mine hit silver mineralization

• Strike length of 735 m

• Mined down to 230 m depth, neighbouring Quintera Mine (est. 100M oz Ag production) exceeded 500 m depth

9

HoleMeters

Ag g/t Au g/t Comment Vein AreaFrom To Interval

U-1

71.9 73.2 1.2 5,588

Veta Grande

90.8 92.0 1.2 189

113.4 114.6 1.2 161 BELOW

HISTORICAL

WORKINGS114.6 115.8 1.2 1,008

U-3

6.1 18.9 12.8 1,139

Between Veta

Grande and Veta

del 100

including

6.1 10.7 4.6 2,838

25.0 30.5 5.5 185

35.1 39.3 4.3 141

U-4

0.0 4.6 305

BELOW

HISTORICAL

WORKINGS

4.6

67.1 68.4 1.4 377

72.5 84.7 12.2 710

including

72.5 76.2 3.7 823

and

76.2 80.2 4.0 1,111

U-57.9 15.5 7.6 747

18.6 29.9 11.3 785

U-7 62.5 65.2 2.7 274 BELOW

HISTORICAL

WORKINGS

Tirito/GuijasU-8 80.5 82.6 2.1 247

U-1226.8 27.7 0.9 2,177

Veta del 10027.7 29.0 1.2 103

U-15 5.2 6.4 1.2 854 23

U-16 23.8 25.3 1.5 219

BELOW

HISTORICAL

WORKINGS

Veta Grande

Highlights of Alamos Mining Co. 1961 underground drilling program in the Promontorio mine. Intervals are drilled

thickness. Only silver and gold were assayed. Locations are show on slide 10, azimuth and dip are unknown.

10

Minaurum Holes:

• AL17-0041

intersected

20.15 m of 154

g/t Ag and 10%

Cu-Pb-Zn

• AL17-0051

intersected 2.75

m of 127 g/t Ag

and 14.2% Cu-

Pb-Zn

and

3.15 m of 296

g/t Ag, 3.6%

Cu-Pb-ZnHistorically Only Silver & Gold were assayed1-Azimuth, True Thickness and Dip can be found at www.Minaurum.com/projects/alamos

Alamos Historic Producer – Promontorio

• Third largest historic mine at Alamos - Produced an Estimated 30 Moz Ag from Three Separate Veins

• Historic underground drilling proved that all three of the historic deposits continue both at depth and along strike

• Holes also hit several new silver veins

11

Hole From (m) To (m) Interval (m) Ag (g/t)Vein Comments

TP-80-05

125.50 125.60 0.10 389

175.80 176.10 0.30 511

196.50 196.80 0.30 471

237.80 238.50 0.70 229 Lamas BELOW HISTORICAL WORKINGS

283.90 284.50 0.60 99 Lamas BELOW HISTORICAL WORKINGS

TP-80-07 234.80 236.20 1.40 168 Purisima

TP-80-08 297.80 299.50 1.70 452 Lamas BELOW HISTORICAL WORKINGS

TP-80-09199.20 201.20 2.00 367 Purisima BELOW HISTORICAL WORKINGS

275.50 276.20 0.70 162 Lamas BELOW HISTORICAL WORKINGS

TZ-80-01256.00 258.00 2.00 215 Zambona N NEW VEIN

258.00 259.80 1.80 839 Zambona N NEW VEIN

TZ-80-04 291.50 291.90 0.40 337 Zambona N NEW VEIN

Intervals are drilled thickness. Only silver was assayed. Azimuth and dip are not known.

Minas Nuevas Mine 1800s

Alamos Historic Producer –Minas Nuevas

12

Alamos Historic Producer –Minas Nuevas

Alamos: Newly Discovered Silver Veins

13

• Focused on discovering

NEW VEINS in the historical district

• Explored only 5,000 ha of the 37,000 ha claim block

• Original vein footprint was 200 m X

4.5 km

• Several holes were drilled into each new vein to develop a district-wide vein inventory for Phase II step-out drilling

• 14 of the 19 veins drilled returned high-grade intercepts

• 18,810 m of drilling in 40 holes

• Vein footprint is now 11 km X 6 km3 Veins Mined

Historical production of 200 Moz SilverDiscovered 26 vein systems, with a cumulative strike length of 34 km

August 2016 January 2020

14

UP KEY DOWN KEY

Level exposed on surface

Level exposed on surface

La Quintera, Promontorio and

the Gap Targets

Europa-Guadalupe, Nueva

Europa, San Jose Targets

PIANO KEY MODEL(Horsts & Grabens)

BUCHANAN MODEL (1981)

Alamos: Geology

15Europa-Guadalupe Vein

• On surface, a zone of veinlets 1.5m wide grading 130g/t Ag

• At 325m depth, 8.25 m of 1,760 g/t (57 oz/t) silver, 1.6%

copper, 1.5% lead, and 2.6% zinc

*Ag Equivalent values are reported for comparison only, with no assumptions

regarding metal recovery or smelter payments. Prices used are: Au: $1,321.00/troy

ounce; Ag: $16.92/troy ounce; Cu: $3.20/pound; Pb: $1.17/pound; and Zn

$1.54/pound (all amounts in U.S. dollars).

Nueva Europa Vein

• On surface, 50cm wide grading 70 g/t Ag

• At 100m depth, 1.2m of 542 g/t Ag

• 8 Blind veins intercepted, high level expressions of vein systems that didn’t

make it to surface

• Highest grade blind vein hit 1m of 218 g/t

Ag

Alamos: Proof of Concept

16

Alamos: Phase I Drill ResultsVein System

Strike Length

(m)

Holes

DrilledBest Drill Intercept Discovery Status

1Europa-

Guadalupe2500 1

8.25 m @ 1,760 g/t Ag,1.60 % Cu, 1.48% Pb, 2.6 % Zn (AL17-

007)New Discovery, True thickness

2 Promontorio 1000 3

20.15 m @ 154 g/t Ag, 0.5% Cu, 2.3% Pb, 6.8% Zn (AL17-004)

3.80 m of 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19%

Zn (AL19-025)

Historical High-Grade

Producer, Drilled Along Strike

3 San Jose 2500 5 9.60 m @ 198 g/t Ag, 0.22% Pb, 0.88 % Zn (AL18-015) New Discovery

4 Nueva Europa 2100 1 1.20 m @ 542 g/t Ag, 0.28% Cu, 0.44% Pb, 0.88% Zn (AL17-007)New Discovery, Down-thrown

block

5 Tigre 1000 1 0.90 m @ 391 g/t Ag, 0.42% Pb, 0.29% Zn (AL18-012) New Discovery

6 Europa Sur 1000 2

0.95 m @ 425 g/t Ag, 3.17% Pb 1.31% Zn

0.50 m @ 719 g/t Ag, 0.57% Cu, 5.92% Pb, and 2.37% Zn (AL19-

018 – Europa SW)

New Discovery

7 Cotera 800 1 7.60 m @ 155 g/t Ag incl. 2.15 m @ 451 g/t Ag (AL19-035) New Discovery

8 Ana 3400 1 2.85 m @ 25 g/t Ag, 2.29% Pb, 10.58% Zn (AL18-011) New Discovery

9 Alessandra 1100 1 6.60 m @ 3.89% combined Cu, Pb, and Zn (AL19-038)New Discovery, Excess of 3 oz

g/t Au on surface

10 Las Animas 2000 1 1.05 m @ 245 g/t Ag (AL19-037) New Discovery

11 Minas Nuevas 1500 3 17.95 m @ 96 g/t Ag (AL17-001)Historic Producer, Drilled

Along Strike

12 Azulacas 400 2 13.10 m @ 119 g/t Ag & 1.37% Zn (AL19-023) New Discovery

Intervals are drilled thickness. Locations, azimuth and dip can be found at www.minaurum.com/projects/alamos

17

Vein System Strike Length (m)Holes

DrilledBest Drill Intercept Discovery Status

13 Promontorio Sur 1300 20.20m @ 304 g/t Ag, 1.41% Cu, 2.5% Pb, 3.36% Zn

(AL19-020)

Faulted-off extension of

Promontorio

14 La Quintera 1400 1 0.50 m of 124 g/t Ag (AL19-017)

Historical high-grade producer,

drilled vein pinch

15 Pulpito 1000 10.20 m @ 367 g/t Ag, 6.75 g/t Au, 1.35% Cu, 0.59%

Pb & 056% Zn (AL 19-035)Drilled vein pinch

16 Rosario 500 1 7.35 m @ 47 g/t Ag (AL 19-037)2-m chip sample assayed 675

g/t Ag, 1.0% Cu

17 La Dura 700 1 0.50 m @160 g/t Ag (AL 19-036)0.5-m chip sample assayed

123 g/t Ag and 2.1% Cu

18 La Dura Oeste 550 Untested Grab sample assayed 3.4% Cu

19 Amalia 980 1 1.30 m @ 1.73% Pb, 1.99% Zn (AL18-012) Occurs in down-thrown block

20 Travesia 880 19.60 m @ 88 g/t Ag, 0.37% Pb, 0.33% Zn

(AL17-008)Wide silver system on surface

21 El Creston 1900 1 0.20 m @ 20 g/t Ag, 0.85% Cu (AL18-014) Zone of veinlets is > 100m wide

22 San Manuel 1100 Untested Large Surface Exposure

23 Santa Rosa 500 Untested Copper on Surface

24 Salvial 1800 Untested Gold on Surface

25 Carrera 950 Untested Copper on Surface

26 Tijera 750 Untested Silver-Copper on Surface

Intervals are drilled thickness. Locations, azimuth and dip can be found at www.minaurum.com/projects/alamos

• Step-out drilling of the highest-grade veins intersected in Phase I

• Minimum of 20,000 m of drilling

• Top Targets will be advanced simultaneously, one drill stationed at each vein

• Drilling to commence as soon as Mexico allows mining activities to resume

• Production is planned to increase from a Phase I average of 2 holes per month to a Phase II average of at least 5 holes per month

18

Alamos: Planned Phase II Drill Program

Top Tier Drill Priorities:

1. Europa – Guadalupe-8.25m of 1,760 g/t Ag (Slide 15)

2. Nueva Europa-1.2m of 542 g/t Ag (Slide 15)

3. Promontorio-4m of 2,838 g/t Ag (Slide 9 & 10)

4. San Jose

5. Alessandra

6. Cotera

7. Minas Nuevas 19

Alamos: Phase II Drill Targets

Minaurum Catalysts

• Alamos Silver Project

✓ Phase II drill program to target high grade intercepts

✓ Ongoing surface generative work focused on discovering, mapping and sampling new vein systems

✓ Commence underground sampling program

✓ Exercise underlying option to acquire 100% of Alamos

• Portfolio Developments

✓ Advancing Santa Marta VMS district through drill permitting

✓ Drill Test geological model at Aurifero

✓ Monetize interest in several non-core projects

20

Minas Nuevas – 1 of 3 Historical Mines at Alamos

Appendix: Project Portfolio SummaryProject Aurifero Adelita Santa Marta Aurena Taviche Guerrero Gold Belt

(Vuelcos del Destino & Biricu)

Commodity Gold-Silver; Epithermal Vein

Silver-Copper;

CRD-Porphyry

Gold-Copper;

VMS

Gold;

Skarn, VMS

Silver-Gold;

Epithermal Vein

Gold;

Skarn-Porphyry

Nearest Mining

Operation*

• Cobre Del Mayo's Piedras Verdes copper mine

• Borders Pan American’s past-producing Alamo Dorado silver mine

• Cobre Del Mayo's Piedras Verdes copper mine

• Fortuna Silver’s San Jose Mine

• Gold Resource’s El Aguila Mine

• Fortuna Silver’s San Jose Mine

• Gold Resource’s El Aguila Mine

• Borders Fortuna Silver’s San Jose Mine

• Completely surrounded by; Equinox Gold’s Los Filos Mine, Torex Gold, Agnico Eagle and Osisko Gold Royalties

Exploration Stage

18,818 m of drilling completed

4,900 m drill program completed

Drill Ready 7,062 m drill program completed

7,987 m drill program completed

Vuelcos: Drill ReadyBiricu: 9000 m drilled

Exploration Highlights*

• 3.1 m of 18.37 g/t Au (Hole DMDDH-01)

• 24.5 m of 3.12 g/t Au (Hole 07-MN-10)

• 48 m of 1.47 g/t Au (Hole CI-35)

• 58 m 3.65 g/t Au (Hole CI-09)

• 24 m of 2.42 g/t Au (Hole CI-34)

• 16.15m of 1.97% Cu, 78g/t Ag

• 47.64m of 1.05% Cu, 46g/t Ag

• 105m of 1.03% Cu, 36g/t Ag

• 69m of 1.29% Cu, 33 g/t Ag

• 21m of 1.41% Cu, 72g/ tAg

• 70,000 tonnes historically produced grading 4% Cu and 3 g/t Au.

• Soil sampling from the pit returned 1.1% copper over 25 meters

• 43.50 m of 1.01 g/t gold

• 20.50 m of 1.44 g/t gold

• 24 m of 1.0 g/t gold

• 29m of 2.0 g/t gold

• 34m of 262 g/t silver

• 36.6m of 292 g/t silver

• 19m of 233 g/t silver

• 8.35m of 2.05 g/t gold

Vuelcos: Largest un-drilled intrusive complex in GGB measuring 12 square km

Biricu:

• 27m of 1.07 g/t gold

21

*Mineralization on these projects is no necessarily indicative of mineralization on Minaurum’s projects. Complete Exploration and Drill result data can be found at www.Minaurum.com/projects

Santa Marta

22

Leached massive sulphide zone on west wall of the Santa Marta pit

VMS Expert Dr. James Franklin noted

that based on his visual inspection,

“Santa Marta appears to be a major

massive sulfide deposit…It has all of the

classic features of highly productive

deposits…”

• High-grade gold-copper VMS District

• Two Zones:• Stringer Zone - Copper-rich and 300

hundred metres long

• Massive Oxide-Silica Zone - Overlies stringer zone, more than 800 m long from 75 -100 m

thick

• Sampling in pit averaged 1.7% Cu over 33

m, Au values up to 2.0 g/t

• Limited Historic production averaged 4%

Cu and 3 g/t Au

• Currently drill permitting

• Project is a combination of wholly owned

claims and options to purchase 100% of

others

Aurifero Gold ProjectCommodity Gold, Silver

LocationSouthern Sonora, 35 km NW of the Alamos Silver

Project

Nearest City Navojoa, Sonora

Nearest

Major Mining

Projects

15 km NW of Cobre Del Mayo's Piedras Verdes

copper mine

Geology Epithermal vein system

Land

Package1,229 has

Exploration

Highlights*

3.1 m of 18.37 g/t Au (Hole DMDDH-01)

24.5 m of 3.12 g/t Au (Hole 07-MN-10)

48 m of 1.47 g/t Au (Hole CI-35)

58 m 3.65 g/t Au (Hole CI-09)

24 m of 2.42 g/t Au (Hole CI-34)

Access &

Infrastructure

Paved and gravel roads, small-scale surface

mining ongoing, power and water

Project

InterestOption to acquire a 100% interest

23

*Complete drill results can be found at www.Minaurum.com/projects/aurifero

Adelita

• Silver-copper skarn/porphyry discovery

• Bordering Pan American’s Alamo Dorado Silver mine*

• Over 5,000 m drilling to date has intersected bulk tonnage silver, copper and gold grades on the same system as Alamo Dorado

• Open along strike and at depth

Drill

hole

Interval

Length

Cu

%Gold (g/t)

Silver

(g/t)

CGDD

10-00116.15 1.97 0.835 73

Incl. 5.33 2.34 1.123 85

CGDD

10-00247.64 0.98 0.462 46

Incl. 6.31 3.56 2.23 238

CGDD

12-009105.2 1.03 0.43 36.3

Incl. 41.9 2.21 0.93 77.5

Incl. 75.7 1.42 0.59 50.0

CGDD

12-012201.4 0.52 0.15 12.5

Incl. 69.3 1.28 0.36 32.6

CGDD

12-01033.7 0.91 0.34 46.4

24

*Mineralization on the properties is not neceassrily indicative of mineralization on Minaurum’s properties. Azimuths, true thickness, location and dip of holes can be found at www.Minaurum.com/projects/adelita

Aurena

• New gold skarn discovery

• Excellent infrastructure, located 40 km SW of the major port of Salina Cruz

• 7,000 m - 19 holes drilled outlined 2 drill gold zones open at depth and along strike

• Drilling intersected wide widths with good gold grades near surface

Drill

hole

From

(m)

To

(m)

Interval

(Length)

Au

(g/t)

AURC-11-

001160.50 181.00 20.50 1.45

Incl. 165.00 173.50 8.50 2.75

AURC-11-

00239.50 47.16 7.66 1.14

AURC-

11.0050.00 29.05 29.05 1.99

Incl. 8.45 27.60 19.15 2.60

AURC-11-

0064.50 48.00 43.50 1.01

AURC-11-

00734.50 40.50 6.00 0.84

And 125.20 149.00 23.80 0.99

25

*Azimuths, true thickness, location and dip of holes can be found at www.Minaurum.com/projects/aurena

Guerrero Gold Belt• Three tier-one mines operating

in the GGB

• Vuelcos del Destino hosts the largest single untested target in the GGB, a 12 km2 intrusive complex

• 49,000 ha land

package with surface

mapping & sampling, Aero

Mag and VTEM complete

• Numerous strong targets atBiricu remain to be drill

tested

• Vuelcos has not been drill

tested26

Minaurum does not have an interest in the projects held by Alamos Gold Inc, Alio Gold Inc, Agnico Eagle Mines Ltd, Equinox Gold, Osisko Gold Royalties,

Telson Mining Corp, Torex Gold Resources Inc. Mineralization in these properties is not necessarily indicative of the mineralization on the Company's

properties. Please see our website for GGB Resources Table

Company Mine Source Category Tonnes Grade (g/t) Contained Au Tonnes Grade (g/t) Contained Ag

Equinox

Gold Los Filos

Presentation Slide

Mar 31 2020 Proven 26,168,000 0.91 768,000 0 0.00 0

Probable 78,052,000 1.44 3,626,000 0 0.00 0

P&P 104,220,000 1.31 4,395,000 0 0.00 0

Measured 114,631,000 0.77 2,851,000 0 0.00 0

Indicated 211,678,000 1.02 6,922,000 0 0.00 0

M&I 326,309,000 0.93 9,773,000 0 0.00 0

Inferred 98,204,000 0.83 2,633,000 0 0.00 0

Total 528,733,000 16,801,000 0 0

Alamos Gold Esperanza

Reserve Resource

Report Dec 31 2019 Proven 0 0 0 0 0.00 0

Probable 0 0 0 0 0.00 0

P&P 0 0 0 0 0.00 0

Measured 19,226,000 1.01 622,000 19,226,000 7.25 4,482,000

Indicated 15,126,000 0.95 462,000 15,126,000 9.16 4,455,000

M&I 34,352,000 0.98 1,084,000 34,352,000 8.09 8,936,000

Inferred 718,000 0.80 18,000 718,000 15.04 347,000

Total 35,070,000 1,102,000 35,070,000 9,283,000

Alio Gold Ana Paula

NI 43-101 Report May

16 2017 Proven 6,533,000 2.62 550,000 6,533,000 5.31 115,000

Probable 6,907,000 2.12 471,000 6,907,000 5.13 1,139,000

P&P 13,440,000 2.36 1,021,000 13,440,000 5.22 2,254,000

Measured 7,582,000 2.43 592,800 7,582,000 5.10 1,242,000

Indicated 13,416,000 2.01 869,000 13,416,000 4.70 2,027,000

M&I 20,998,000 2.17 1,461,800 20,998,000 4.80 3,269,000

Inferred 870,000 1.84 51,400 87,000 5.30 149,000

Total 35,308,000 2,534,200 34,525,000 5,672,000

Torex Gold

El Limon

Guajes

NI 43-101 Report Sept

4 2018 Proven 8,890,000 2.91 833,000 8,890,000 3.90 1,120,000

Updated ELG

Complex Resource

Numbers News

Release April 28 2020 Probable 14,220,000 3.12 1,425,000 14,220,000 3.70 1,709,000

P&P 23,120,000 3.04 2,258,000 23,120,000 3.80 2,829,000

Measured 7,200,000 3.9 900,000 7,200,000 4.60 1,060,000

Indicated 20,530,000 3.21 4,600 20,530,000 4.60 3030*1000

M&I 27,730,000 3.39 3,030,000 27,730,000 4.60 4,090,000

Inferred 4,860,000 3.79 590,000 4,860,000 5.60 880,000

Total 55,710,000 5,878,000 55,710,000 3.87 7,799,000

Media Luna

Website Updated

Resource Dec 31,

2019 Proven 0 0 0 0 0.00 0

Updated ELG

Complex Resource

Numbers News

Release April 28 2020 Probable 0 0 0 0 0.00 0

P&P 0 0 0 0 0.00 0

Measured 0 0 0 0 0.00 0

Indicated 12,600,000 3.27 1,320,000 12,600,000 37.70 15,300,000

M&I 12,600,000 3.27 1,320,000 12,600,000 37.70 15,300,000

Inferred 33,500,000 2.49 2,680,000 33,500,000 23.6 25,500,000

Total 46,100,000 4,000,000 46,100,000 40,800,000

Total 101,810,000 9,878,000 101,810,000 48,599,000

Telson

Resources G9 Mine

Website G9 Mine

Nov 2017 Proven 0 0 0 0 0.00 0

Probable 0 0 0 0 0.00 0

P&P 0 0 0 0 0.00 0

Measured 9,292,000 1.70 557,202 9,292,000 124.00 40,642,974

Indicated 7,335,000 1.70 439,849 733,500 123.00 3,182,437

M&I 16,627,000 1.70 997,051 16,627,000 123.00 72,139,579

Inferred 988,000 1.32 46,003 988,000 116 4,042,682

Total 17,615,000 1,043,054 17,615,000 76,182,261

Guerrero Gold Belt Reserves and Resources: Minaurum does not have an interest in the projects held by Alamos Gold Inc, Alio Gold Inc, Alamos Gold, Equinox Gold, Telson Mining Corp, Torex Gold Resources Inc. Mineralization in these properties is not necessarily indicative of the mineralization on the Company's properties.

27

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