This presentation does not constitute an offering of securities and the information contained herein is subject to the information contained in the
Company’s continuous disclosure documents at www.sedar.com
This presentation includes certain statements that constitute “forward-looking statements”, and “forward-looking information” within the meaning
of applicable securities laws (“forward-looking statements” and “forward-looking information” are collectively referred to as “forward-looking
statements”, unless otherwise stated). These statements appear in a number of places in this presentation and include statements regarding our
intent, or the beliefs or current expectations of our officers and directors. Such forward-looking statements involve known and unknown risks and
uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. When used in this presentation words such as “believe”, “anticipate”,
“estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “contemplate”, “possible”, “attempts”, “seeks”, “continue” and
similar expressions are intended to identify these forward-looking statements. Forward-looking statements may relate to the Company’s future
outlook, guidance and anticipated events or results and may include statements regarding the Company’s future financial position, future
exploration and development of mineral properties, life of mine, future production, mine plan, business strategy, budgets, litigation, projected
costs (including without limitation, cash costs per ounce and all-in sustaining costs), financial results, taxes, plans and objectives, the timing of
targeted components of the Company’s strategic plan outlined in this presentation, the extension of the forbearance agreement, the timing of the
update to resource and reserves estimates and statements with respect to successful completion of the transactions described herein and
regulatory and shareholder approvals of such transactions. We have based these forward-looking statements largely on our current expectations
and projections about future events and financial trends affecting the financial condition of our business. These forward-looking statements were
derived utilizing numerous assumptions regarding expected growth, results of operations, performance and business prospects and opportunities
that could cause our actual results to differ materially from those in the forward looking statements. While the Company considers these
assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Accordingly, you are cautioned not to put
undue reliance on these forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or
results. To the extent any forward-looking statements constitute future-oriented financial information or financial outlooks, as those terms are
defined under applicable Canadian securities laws, such statements are being provided to describe the current anticipated potential of the
Company and readers are cautioned that these statements may not be appropriate for any other purpose, including investment decisions.
Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of
that time with respect to future events, and are subject to known and unknown risks and uncertainties, including inherent risks and uncertainties
in a suspension and restart of operations, the effect of the Company’s non-compliance with its debt covenants and other financing arrangements,
uncertainties with respect to servicing the financings and those risks and uncertainties outlined in our most recent AIF and other documents filed
on www.sedar.com, that could cause actual performance or results to differ materially from those expressed in or suggested by the forwardlooking statements. To the extent any forward-looking statements constitute future-oriented financial information or financial outlooks, as those
terms are defined under applicable Canadian securities laws, such statements are being provided to describe the current anticipated potential of
the Company and readers are cautioned that these statements may not be appropriate for any other purpose, including investment decisions.
Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, we assume no obligation
to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to
reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward- looking
statements, except as required by law. If we update any one or more forward-looking statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking statements. You should not place undue importance on forward-looking
statements and should not rely upon these statements as of any other date. All forward-looking statements contained in this presentation are
expressly qualified in their entirety by this cautionary statement.
Dr. Dirk Tempelman-Kluit, Ph.D, P.Geo., the Company's VP Exploration is the Qualified Person as defined under National Instrument 43-101
responsible for the scientific and technical work on the development programs and has reviewed and approved the corresponding scientific and
technical disclosure throughout this presentation.
For additional information on Prosper Gold Corp. visit www.sedar.com..
2
MR. PETER BERNIER – PRESIDENT, CEO & CHAIRMAN
MR. PETER BERNIER HAS MORE THAN 35 YEARS OF EXPERIENCE IN MINERAL EXPLORATION AND
PROJECT MANAGEMENT. MOST NOTABLY AS THE FOUNDER, PRESIDENT, AND CEO OF RICHFIELD
VENTURES CORP. UNDER HIS LEADERSHIP RICHFIELD BECAME A PUBLICLY TRADED COMPANY ON THE
TSX VENTURE EXCHANGE IN NOVEMBER 2007. IN 2009 MR. BERNIER STRATEGICALLY ACQUIRED THE
BLACKWATER-DAVIDSON CLAIMS AND PERSONALLY OVERSAW INVESTOR RELATIONS, FINANCING AND
ADVANCEMENT OF THE PROJECT UNTIL RICHFIELD WAS ACQUIRED IN JUNE 2011 FOR A VALUE OF OVER
$500 MILLION (CDN).
DR. DIRK TEMPELMAN-KLUIT, PHD, P.GEO – VP EXPLORATION & DIRECTOR
DR. DIRK TEMPELMAN-KLUIT HAS MORE THAN 45 YEARS EXPERIENCE WORKING IN BOTH BRITISH
COLUMBIA AND THE YUKON. HE WAS PREVIOUSLY A DIRECTOR OF THE GEOLOGICAL SURVEY OF
CANADA’S CORDILLEAN DIVISION. MORE RECENTLY HE HELD THE POSITION OF VP OF EXPLORATION
AND DIRECTOR OF RICHFIELD VENTURES CORP FROM 2007 TO 2011. DR. TEMPELMAN-KLUIT, A HIGHLY
RESPECTED RESEARCH GEOLOGIST, RECOGNIZED THE EXISTENCE OF EXTENSIVE HYDROTHERMAL
ALTERATION IN DRILL CORE PHOTOGRAPHS WHICH INDICATED THE POTENTIAL FOR SIGNIFICANT GOLD
MINERALIZATION ON RICHFIELD BLACKWATER PROPERTY. IN MARCH 2011, RICHFIELD ANNOUNCED AN
INITIAL INDICATED AND INFERRED RESOURCE ESTIMATE OF 4.2 MILLION OUNCES.
MS. SHARON LEE – CFO, CORPORATE SECRETARY & DIRECTOR
MS. SHARON LEE HAS OVER 17 YEARS’ EXPERIENCE IN FINANCIAL ADMINISTRATION AND ACCOUNTING.
SHE HAS HAD SUCCESSFUL CAREERS IN ACCOUNTING AND MANAGEMENT IN BOTH THE PUBLIC AND
PRIVATE SECTORS OVERSEEING ALL ASPECTS OF FINANCIAL REPORTING. PRIOR TO JOINING PROSPER
GOLD CORP. MS. LEE WAS SENIOR MANAGER AT SMYTHE RATCLIFFE LLP IN VANCOUVER, BC. SHE HAS
BEEN THE ACCOUNTANT FOR THE PROSPER GOLD CORP. SINCE OCTOBER 2013 AND WAS THE SENIOR
MANAGER FOR THE AUDITS OF BOTH RICHFIELD VENTURES CORP. AND PROSPER GOLD CORP. MS. LEE
IS A CHARTERED PROFESSIONAL ACCOUNTANT (CPA) AND HAS A B.SC. (MATHEMATICS) FROM THE
UNIVERSITY OF ALBERTA
3
MR. JASON HYNES, BSC, MBA – DIRECTOR
MR. JASON HYNES IS CURRENTLY DIRECTOR OF BUSINESS DEVELOPMENT & GLOBAL SALES WITH ROYAL
GOLD, INC. PRIOR TO THIS HE WAS VICE PRESIDENT OF CORPORATE DEVELOPMENT FOR SABINA GOLD
& SILVER CORP. JASON ALSO SPENT SEVEN YEARS IN NATIONAL BANK FINANCIAL’S M&A AND MINING
INVESTMENT BANKING GROUPS AS A DIRECTOR OF GLOBAL METALS & MINING. WHILE THERE, HE
ASSISTED COMPANIES ON IDENTIFYING AND EXECUTING MERGERS AND ACQUISITIONS, AND ON
IMPLEMENTING FINANCING STRATEGIES, WITH A PARTICULAR FOCUS ON ADVISING SENIOR
MANAGEMENT TEAMS AND BOARDS ON EXPLORATION AND DEVELOPMENT-STAGE ASSETS. MR. HYNES
ACTED AS FINANCIAL ADVISOR TO RICHFIELD VENTURES WHERE HIS KNOWLEDGE AND SKILL GREATLY
CONTRIBUTED TO THE ACQUISITION BY NEW GOLD IN 2011.
MR. JIM MILLER-TAIT, P.GEO – DIRECTOR
MR. JIM MILLER-TAIT HAS OVER 30 YEARS OF CONTINUOUS EXPLORATION, DEVELOPMENT,
UNDERGROUND, AND OPEN PIT PRODUCTION EXPERIENCE. HE IS CURRENTLY THE PRESIDENT OF
SIKANNI MINE DEVELOPMENT LTD., HIS OWN GEOLOGICAL CONSULTING COMPANY, WHICH HE FOUNDED
IN 1996. MR. MILLER-TAIT IS ALSO THE PRESENT EXPLORATION MANAGER FOR IMPERIAL. HIS
EXPERIENCE INCLUDES CHIEF GEOLOGIST FOR THE ONIVA GROUP, AND VP EXPLORATION FOR SELKIRK
METALS. HE HAS WORKED EXTENSIVELY IN NORTH AMERICA, BOLIVIA AND MEXICO ON GRASS ROOT
EXPLORATION TO FULL-PRODUCTION OPEN PIT AND UNDERGROUND OPERATIONS. HIS EXPERIENCE
COVERS GOLD, BASE METALS AND DIAMOND OPERATIONS IN A MULTITUDE OF GEOLOGICAL SETTINGS.
.
4
MR. CAL EVERETT – SENIOR ADVISOR
MR. EVERETT IS A GEOLOGIST WITH MORE THAN 14 YEARS OF SURFACE AND UNDERGROUND
EXPLORATION EXPERIENCE WITH SENIOR MINING COMPANIES. HE MOVED TO THE FINANCIAL SECTOR IN
1990, AND SPENT 12 YEARS WITH BMO NESBITT BURNS FOCUSED ON RESOURCE EQUITIES, AND SEVEN
YEARS WITH PI FINANCIAL CORP. IN SENIOR RESOURCE INSTITUTIONAL SALES AND CAPITAL MARKETS.
FROM 2008 TO 2015, HE WAS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF AXEMEN RESOURCE
CAPITAL. MR. EVERETT HOLDS A BACHELOR OF SCIENCE DEGREE IN ECONOMIC GEOLOGY FROM THE
UNIVERSITY NEW BRUNSWICK.
.
MR. THOMAS J. OBRADOVICH – ADVISOR
MR. THOMAS J. OBRADOVICH HAS MORE THAN 30 YEARS’ EXPERIENCE IN MINING EXPLORATION,
DEVELOPMENT AND FINANCING. HE WAS ONE OF THE KEY PLAYERS BEHIND AURELIAN RESOURCES INC.
WHICH DISCOVERED THE FRUTA DEL NORTE GOLD DEPOSIT IN ECUADOR AND ALSO CO-FOUNDED
CANADIAN ROYALTIES INC. WHICH DISCOVERED AND DEVELOPED THE RAGLAN SOUTH NICKEL BELT. HE
ACQUIRED MOST OF THE MATACHEWAN GOLD CAMP AND THROUGH A REVERSE TAKEOVER OF YOUNGDAVIDSON MINES LTD., UPGRADED AND DOUBLED THE RESOURCE WHICH WAS SUBSEQUENTLY
ACQUIRED BY NORTHGATE MINERALS IN 2005. TOM IS A GRADUATE OF THE HAILEYBURY SCHOOL OF
MINES IN MINING TECHNOLOGY AND ADVANCED FIELD GEOPHYSICS.
5
6
SHARES ISSUED AND OUTSTANDING
COMMON SHARES
OPTIONS @ $0.20
OPTIONS @ $0.20
OPTIONS @ $0.24
WARRANTS @ $0.75
WARRANTS @ $0.25
WARRANTS @ $0.35
WARRANTS @ $0.45
INSIDER OWNERSHIP
23.45%
EXPIRY
44,139,892
1,900,000
900,000
721,104
3,100,000
3,590,000
4,291,000
2,464,425
10,349,214
FULLY DILUTED (August 5, 2016)
Working Capital
61,106,421
$2,500,000
2018-08-30
2019-05-20
2021-05-31
2017-05-08
2019-03-24
2019-07-06
2019-08-05
Ashley Gold Option
Date
Cash
22-02-2016
22-08-2016
22-02-2017
22-02-2018
22-02-2019
Total
$30,000
$30,000
$80,000
$120,000
$440,000
$700,000
PGX Shares Exploration
200,000
0
200,000
300,000
1,000,000
1,700,000
$0
$0
$50,000
$100,000
$100,000
$250,000
% of Ashley Gold
Status
Aquired
0%
Complete
0%
Complete
0%
0%
100%
100%
Alexandria (Wydee) Option
Date
25-02-2016
25-08-2016
25-02-2018
25-02-2019
25-02-2020
25-02-2021
43-101
Total
Date
25-02-2016
25-08-2016
25-02-2018
25-02-2019
25-02-2020
25-02-2021
43-101
Total
7
Cash
PGX Shares Exploration
$0
75,000
$0
$0
0
$60,000
$0
75,000
$0
$0
75,000
$0
$0
75,000
$0
$0
75,000
$2,440,000
1.5M Oz Indicated + Inferred
$0
375,000
$2,500,000
% of Wydee
Aquired
0%
0%
0%
0%
0%
75%
15%
90%
• DETAILS:
• OPTION AGREEMENT WITH 4 PROSPECTORS
• PROSPER GOLD CORP. WILL AQUIRE 100% OF
THE HISTORIC ASHLEY GOLD MINE WITHIN 3
YEARS
• UPON PROSPER GOLD CORP. ACQUIRING AN
100% INTEREST THE PROSPECTORS WILL RETAIN
A 3% NSR (2% BUY-BACK OPTION)
• DETAILS:
Status
Complete
Complete
Alexandria (Matachewan) Option
% of Matachewan
Cash
PGX Shares Exploration
Status
Aquired
$0
75,000
$0
0%
Complete
$0
0
$60,000
0%
Complete
$0
75,000
$0
0%
$0
75,000
$0
0%
$0
75,000
$0
0%
$0
75,000
$2,440,000
75%
1.5M Oz Indicated + Inferred
15%
$0
375,000
$2,500,000
90%
• OPTION AGREEMENT WITH ALEXANDRIA
MINERALS CORPORATION
• UPON PROSPER GOLD CORP. ACQUIRING AN
90% INTEREST, THE PARTIES WILL FORM A
CONVENTIONAL JOINT VENTURE WHICH WILL
INCLUDE A DILUTION CLAUSE SHOULD EITHER
PARTY DILUTE THEIR INTEREST BELOW 7% THAT
PARTY'S INTEREST WILL BE REDUCED TO A 1%
NSR
• DETAILS:
• OPTION AGREEMENT WITH ALEXANDRIA
MINERALS CORPORATION
• UPON PROSPER GOLD CORP. ACQUIRING AN
90% INTEREST, THE PARTIES WILL FORM A
CONVENTIONAL JOINT VENTURE WHICH WILL
INCLUDE A DILUTION CLAUSE SHOULD EITHER
PARTY DILUTE THEIR INTEREST BELOW 7% THAT
PARTY'S INTEREST WILL BE REDUCED TO A 1%
NSR
4,795 Ha
2,235 Ha
1,431 Ha
8
9
NOTE: ALL RESOURCE ESTIMATES ARE BASED ON PUBLISHED INFORMATION. THIS INFORMATION HAS
NOT BEEN VERIFIED NOR IS IT NECESSARILY INDICATIVE OF MINERALIZATION THAT MAY BE CONTAINED
ON THE ASHLEY GOLD PROPERTY
ASHLEY GOLD PROJECT
HISTORY
• 1930 – DISCOVERED AND STAKED
• 1932 – ASHLEY MINE BROUGHT INTO PRODUCTION
• 50,099 Oz Au FROM 157,636 TONS OF ORE (0.32 Oz/t)
• INCLINED SHAFT AND SIX LEVELS
• CEASED MINING OPERATIONS IN 1936
• 1947 – CARAMORA PORCUPINE MINES: EXPLORATION OF NO.1 VEIN
• 1973 – G. SUNSILOE: TRENCHING
• 1982 – PETROMET: DRILLING, GEOLOGICAL MAPPING, TRENCHING,
SAMPLING - AVG. GRADE (UNCUT) OF 1.30 OZ AU/TON OVER 0.22
METERS WIDTH FOR A STRIKE LENGTH OF 88.4 METERS.
• 1991 – KIERNICKI: DIAMOND DRILLING
• 2002 – PHOENIX MATACHEWAN RESOURCES: IP, MAG, DIAMOND
DRILLING
CLAIM INFORMATION
• ASHLEY - 1,431 Ha, WYDEE - 4,795 Ha, MATACHEWAN - 2,235 Ha
• CLAIMS FOLLOW CADILLAC-LARDER LAKE FAULT
• CLAIMS EXTEND EAST & WEST OF YOUNG-DAVIDSON MINE
HIGHLIGHTS
•
•
•
•
10
TWO SURFACE BULK SAMPLES NO. 1 VEIN GAVE 10.93 TONS OF 1.405
OZ AU/TON AND 3.3 TONS OF 2.87 OZ AU/TON.
7 HIGH GRADE VEIN GOLD TARGETS
SYENITE BODIES PROVIDE BULK TONNAGE GOLD TARGETS (SIMILAR
TO THE YOUNG-DAVIDSON MINE)
HIGHWAY, LOGGING ROAD, AND ATV ACCESS
500m
210m
ASHLEY MINE: 6 LEVELS, 4,500m OF WORKINGS, DEEPEST LEVEL 210m
250m
11
ASHLEY GOLD MINE
12
WYDEE CLAIMS
ASHLEY CLAIMS
ASHLEY MINE
MATACHEWAN CLAIMS
YOUNGDAVIDSON MINE
13
ASHLEY & WYDEE
•
•
•
•
14
KNOWN HIGH GRADE GOLD OCCURRENCES
HISTORIC HIGH GRADE ASHLEY VEINS
PROPERTY GEOLOGY & STRUCTURE
BLUE OUTLINE REPRESENTS WYDEE OPTON (AZX) RED OULINE REPRESENTS ASHLEY OPTION
VEIN TARGETS
•
•
•
•
15
GRAB SAMPLE LOCATIONS SHOWING GOLD RESULTS g/t Au
TOTAL FIELD MAGNETICS OVERLAIN BY 2VD MAG
LIGHT BLUE LINES REPRESENT REGIONAL CADILLAC LARDER-LAKE AND GALER FAULTS
BLUE OUTLINE REPRESENTS WYDEE OPTON (AZX) RED OULINE REPRESENTS ASHLEY OPTION
SYENITE TARGETS WITH COINCIDENT MAGNETIC LOWS
•
•
•
•
16
TOTAL FIELD MAGNETICS WITH CLAIM BOUNDARIES
KNOWN SYENITE BODIES OUTLINED IN PINK
MAGNETIC LOWS OUTLINED IN GREEN
EXPLORATION PLANNED FOR AREAS OF COINCIDENT MAGENTIC LOWS WITH KNOWN SYENITE BODIES
CADILLAC-LARDER LAKE FAULT TARGETS
•
•
•
•
17
TOTAL FIELD MAGNETICS WITH CLAIM BOUNDARIES
RC DRILL HOLES WITH g/t Au ASSAYS
FAULTS IN BLUE
CONTACTS IN BLACK
2016 EXPLORATION
PROGRAM
•
ASHLEY CLAIMS:
MINISTRY OF
NORTHERN
DEVELOPMENT
AND MINES PERMIT
(GOOD UNTIL
2018/09/15)
•
•
•
•
LINE CUTTING
STRIPPING
PITTING AND
TRENCHING
DRILLING
•
AIRBORNE SURVEY
(MAG w/GRADIENT,
EM w/MULTIPULSE,
GRAVITY
w/GRADIENT)
•
SYSTEMATIC SOIL
SAMPLE GRIDS
•
•
•
8,500 SAMPLES IN 3
GRIDS
TO COVER HIGH
GRADE VEINS AND
SYENITE BODIES
DRILLING OF
DEFINED TARGETS
18
INVESTMENT HIGHLIGHTS
• HIGH GRADE GOLD VEIN WITH HISTORIC PRODUCTION 50,099 Oz Au FROM
157,636 TONS OF ORE (0.32 Oz/t)
• NUMEROUS OTHER HIGH GRADE VEIN GOLD TARGETS
• SYENITE BODIES PROVIDE BULK TONNAGE GOLD TARGETS (SIMILAR TO THE
YOUNG-DAVIDSON MINE)
• 9,813 HECTARES (24,248 ACRES) WITH UNTESTED HIGH GRADE GOLD VEIN AND
•
•
•
•
BULK GOLD TARGETS
BULK SAMPLE GRADES: 10.93 TONS @ 1.405 Oz/t & 3.3 TONS @ 2.87 Oz/t
HIGHWAY ACCESS (HWY 566), LOGGING ROADS, ATV TRAILS THROUGHOUT
AGGRESSIVE EXPLORATION PROGRAM PLANNED FOR 2016
FORMERLY RICHFIELD VENTURES CORP. MANAGEMENT TEAM
• SOLD TO NEW GOLD IN 2011 FOR ~$500 M
PETE BERNIER – PRESIDENT & CEO
PROSPER GOLD CORP.
468 B REID STREET
QUESNEL, BC
V2J 2M6
OFFICE: (250) 992-6644
MOBILE: (250) 316-6644
EMAIL: [email protected]
20