Spanish Mountain Gold : Red Cloud Webinar

Published: 2025-07-16 20:49:05 ET SPA.V

Published on 07/16/2025 at 20:49

TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y

July 16, 2025

TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y

Large Resource in the Cariboo Gold District

Deposit

Tonnage

Au Grade

Contained Au (M&I)

SMG Project1

292.1 Mt

0.44 g/t

4.2 Moz

Cariboo Gold Project2

35.2 Mt

3.3 g/t

3.7 Moz

Frasergold3

15.2 Mt

0.78 g/t

0.4 Moz

Notes: Source of information for (1) Spanish Mountain Gold (July 2025 PEA); (2) Osisko Development (2025 FS); (3) Eureka (2015 MRE)

Project Location Near Infrastructure

Favorable Tier 1 Jurisdiction - Cariboo Gold Corridor

Low risk mining jurisdiction

TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y

Long standing community relationships and support

Regional resource sector growth

Osisko Development's Cariboo Gold Project permit approvals towards construction and operations

Proximal to operating mines: Gibraltar & Mount Polley Mines

Year-Round Access (lower exploration and development costs)

Paved highway within 6km of the Project connected to existing gravel roads on site

Nearby service, skilled workforce and supply centers

6km from Likely

Spanish Mountain Property

70km from Williams Lake

New Power Line Advancing - 230kV / 60 MW supply

Low cost, renewable grid power

New power transmission line advanced to Stage 2 of the System Impact Study for the B.C. Hydro power connection process commenced Q1 2025, refer to the Appendix

Upsized power supply targets electrification of mining and expanded gold

production 3

Fast-track1 to a build decision by 2027

Confidence: over 235 km of drilling

De-risked high early cashflow

Large M&I resource at conservative gold price

No streams

Rising gold price environment

Potential accelerators:

Consider advance to FS

Investigate saleable concentrate option

Ore sorting mill head grade uplift study

Drill Target over 10 km strike length:

High Grade K Zone discovery

New Phoenix Deposit

Mineral endowment open in all directions2

TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y

Lowering carbon intensity

Minimizing Effects to the Environment and Community

Pride in a Positive Legacy

De-risked

July 2025 PEA and Mineral Resource Estimate (MRE) Update3

Larger scale Spanish Mountain Project

open pit mine life at 26,000 tpd throughput

average annual gold production over first 5 years

After-tax NPV5% at US$3,300/oz gold price

plus 6.2M oz Ag of M&I resources at US$2,400/oz Au

Notes: (1) See Appendix for excerpt from BC Government's comment on their list of 18 provincial projects they will be advancing (page 25) ; (2) Refer to appendix for property size and claim boundary; (3) Refer to press release dated July 3, 2025 titled "Spanish Mountain Gold Announces Larger Scale Preliminary Economic Assessment with a Base Case NPV5% after-Tax of C$1.0 Billion, 18.2 % IRR and 3.4 Year Payback at US$ 2,450/oz Gold Price and $28.50 Silver Price; at

US$3,300/Oz Spot Gold Price and $36/Oz Silver Price, NPV5% C$2.3 Billion, 32.0% IRR and 2.0 Year Payback; Including an Updated Mineral Resource Estimate for Its Spanish Mountain Gold Project" 4

Capital Structure Overview Share Price & Volume (Last 12 Months) Share Ownership

Tickers TSXV:SPA

OTCPK:SPAU.F DB:S3Y

$0.25

Volume

Price

2.0

TSX-V: SPA | OTCQB: SPAUF | FSE: S3Y

1.8

Volume (millions)

Directors & Officers

Share Price

(as of July 10, 2025)

C$0.20

$0.20

1.6

1.4

18%

Basic Shares Outstanding 445,142,340 Options1 10,232,000

Warrants2 55,424,993

$0.15

1.2

1.0

11%

Eric Sprott

Fully Diluted Shares Outstanding

510,799,333

$0.10

0.8

0.6

65%

Ian

Watson

Share Price (C$)

Market Capitalization (Basic) C$89.0M Cash (as of March 31, 2025) C$4.6M

Debt Nil

$0.05

$0.00

0.4

0.2

0.0

Public Float

(Retail & Institutional

Enterprise Value (Basic) C$85.5M

10,232,000 options outstanding with exercise prices ranging from C$0.13 to C$0.36 per share

55,424,993 warrants outstanding with exercise prices ranging from C$0.14 to C$0.25 per share

Jul/24 Sep/24 Nov/24 Jan/25 Mar/25 May/25 Jul/25

Holders)

Source: company reports and Capital IQ for share price and volume data

Disclaimer

Spanish Mountain Gold Ltd. published this content on July 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 17, 2025 at 00:48 UTC.