i-80 Gold (IAU) investor relations material

Strategic vision and growth plan

• A three-phased growth plan aims to increase annual gold production from 50,000 oz to over 600,000 oz by the early 2030s, leveraging four past-producing mines in Nevada.

• The company is fully financed for all three phases, with no need to return to equity markets, and expects to produce into the 2050s.

• Resource base includes 14 million oz of gold and 200 million oz of silver, with ongoing infill drilling to convert inferred to measured and indicated resources.

• New development plan and PAs support a long-term production profile, with a focus on gold assets for near-term cash flow.

• Management and board have been strengthened to support execution of the growth plan.

Financial recapitalization and valuation

• $300 million equity raised, royalty financing with Franco-Nevada, and senior debt from National Bank and Macquarie have fully funded the development plan.

• Convertible debenture and warrant exercises could result in 1.2 billion shares outstanding and a $2 billion market cap.

• Asset NAV estimated at $10 billion at current gold prices, not including Lone Tree or the autoclave.

• Company trades at a significant discount to peers despite asset value.

Project development and operational updates

• Granite Creek and Archimedes underground mines are under construction, with feasibility studies for both due this quarter.

• Lone Tree autoclave refurbishment is underway, with commissioning expected as early as September and first gold pour in December.

• Mineral Point, the flagship asset, holds 5.5 million oz gold and 200 million oz silver, with potential to move forward in the production profile.

• $85 million drill program is converting resources and expanding reserves.