Fortitude Gold (FTCO) Corporate presentation summary

Investment strategy

• Gold accounted for 99% of revenue and silver ~1%; silver is credited against production costs. The strategy targets low-cost projects, strong capital returns and high margins while growing organically, remaining debt-free and distributing dividends.

• The operating model centers on Nevada open-pit, heap-leach mines, targeting ~1 g/t gold, with shared processing infrastructure and direct-shipping of ore to the Isabella Pearl facility where possible.

• The portfolio comprises nine Nevada exploration properties; all are 100%-owned except East Camp Douglas, held 60%, subject to royalties of 3% or less.

Operations and project pipeline

• Isabella Pearl has produced 165k+ oz of gold to date; residual heap leaching is expected to continue for multiple years, with final recoveries dependent on heap-pad closure.

• County Line operations commenced in January 2026, with direct-shipped mineralization and pit layback underway to access deeper mineralization; estimated in-situ inventory is ~64k Au oz.

• Scarlet South operations commenced in January 2026, with the first blast on Jan. 7 and first delivery on Jan. 8; the mine is 500 meters from the Isabella Pearl processing facility.

• Golden Mile is in permitting, with a 2027 mine build target dependent on permits; its resource summary lists 78,500 oz indicated and 84,500 oz inferred, based on a Sept. 30, 2021 inventory.

• The Isabella Pearl heap-leach pad expansion is planned for 2027 at ~18 acres and ~4 million tonnes of capacity.

Exploration and growth

• East Camp Douglas is a $40M joint venture, with 60% ownership and operatorship; the 6,078-acre position has high-grade open-pit potential, and an exploration environmental assessment covering 125 acres is in process.

• 2026 East Camp Douglas northern drill highlights included 7.62 meters at 8.87 g/t Au and 24.38 meters at 3.89 g/t Au; results are reported as drill intervals.

• The Isabella Pearl trend includes a 10-km company-owned strike and four targets described as having Isabella Pearl-sized potential; Scarlet North is ~700 meters from the processing facility.

• Growth targets include permitting Golden Mile, expanding known deposits and mineralized zones, and discovering new deposits to extend production longevity.