Spanish Mountain Gold : Mining Investment Event

Published: 2025-06-02 21:10:05 ET SPA.V

Published on 06/02/2025 at 21:10

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

Quebec City, June 3-5, 2025

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

Spanish Mountain Gold - Large GOLD Resource in the Cariboo Gold District Fast-Tracking to a 2027 Build Decision

Project Location Near Infrastructure

Favorable Tier 1 Jurisdiction - Cariboo Gold Corridor

Low risk mining jurisdiction

Long standing community relationships and support

Regional resource sector growth

Large Resource in the Cariboo Gold District

Deposit Tonnage Au Grade Contained Au (M&I)

SMG Project1

294.1 Mt

0.50 g/t

4.7 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 (2021 PFS); (2) Osisko Development (2025 FS); (3) Eureka (2015 MRE)

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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 ~236 km of Drilling

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Targeting Derisked Robust Cashflow

Favourable gold price No streams

Rerate potential

Mineral endowment open in all directions2

2025 Winter diamond drill program completed assays pending

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: SPAUF | FSE: S3Y

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Lowering carbon intensity Minimizing Effects to the Environment and Community Pride in a Positive Legacy

PEA AND MRE3 | H1/25

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) Forward-Looking Information - Updated Preliminary Economic Assessment (PEA) including a new Mineral Resource Estimate (MRE) are expected to be released within the first half of 2025. These statements are considered Forward-Looing and are subject to change when the PEA is published, and through ongoing work as the Company advances the project through various design phases.

Highly experienced team with decades of innovative mining, exploration, development & operational expertise

Brent Bergeron

Chair & Director, M.A. (Economics)

Lembit Janes

Director, MBA

Richard Orazietti

Director, MBA, CPA, BBA

Garnet Dawson

Director, B.Sc., M.Sc., P.Geo

Christopher Lattanzi

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

Director, P.Eng

Peter Mah

CEO & Director, B.A.Sc., M.A.Sc

Mark Ruus

CFO, CPA-CA

Julian Manco

Director Exploration, M.Sc., P.Geo

Disclaimer

Spanish Mountain Gold Ltd. published this content on June 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 03, 2025 at 01:09 UTC.