1911 Gold Corporation (AUMB) investor relations material

Strategic positioning and asset overview

• Fully permitted, high-grade gold project in Manitoba with existing infrastructure and reduced development risk.

• Control of the entire Rice Lake Greenstone Belt, a prolific gold district with significant exploration upside.

• Centralized processing facility and camp, with a 1,350 tpd mill and over $400 million in replacement cost value.

• Tier 1 mining jurisdiction with strong provincial support, low-cost hydroelectric power, and year-round access.

• No royalties and large tax pools, enhancing project economics.

Leadership, ownership, and capital structure

• Experienced leadership team with deep mining, finance, and exploration backgrounds.

• 309.78M shares outstanding, 334.88M fully diluted; $339.07M market cap (as of March 10, 2026).

• Major ownership includes insiders (16%), Eric Sprott (14%), strategic (7%), institutional (13%), and retail (45%).

• $23.6M cash (Dec 31, 2025) and a US$30M credit facility to fund development.

True North Gold Project: PEA and resource highlights

• 2026 PEA outlines 11-year mine life, 527,136 oz LOM gold production, and average grade of 4.32 g/t Au.

• After-tax NPV (5%) of $391M, IRR of 105%, payback in 2.2 years at US$3,000/oz gold.

• Initial capex of $59M, AISC of US$1,897/oz, and total LOM free cash flow of $545M.

• Indicated resources: 499koz (3.5Mt @ 4.41g/t Au); Inferred: 644koz (5.5Mt @ 3.65g/t Au).

• Steady-state production (2029–2034): 1,215 tpd, 58,114 oz/year at 4.40 g/t Au.