Ann: Webinar - El Zorro Gold Project Drilling Results, page-25

Summary of the key points from Webinar and some captions

• Intrusive Rocks mapped to over 4.5km to the North of Ternera and continues over into the next valley. Currently surface sampling 4km to the north.
• "attracting all the attention of the who's who of uh mining companies operating in chile including yamana gold"
• "everyone's got a keen eye on us"
• "there's been alot of work done on reinterpretation of the system (from cube) and we're starting to see that translate to better continuity of the of the higher grade zones and also potentially increasing the grade across the entire deposit"
• Assays have slowed down due to pick up in exploration and mining services demand.
• Incorporating Ternera East will enable to pit to extend deeper and pit up additional mineralised zones
• Next resource update current targeted for early in 2022, however, if Toro Blanco or Drone Hill proves to be really prospective and can add fast ounces we will continue drilling to include some of those targets in the next MRE update (don't know what the timeline for this is) and a really rough high level indication of target is 1-1.5-2Moz additional resource.
• They like the numbers that the project is current presenting from internal mining studies. Want to get more of the resource into the indicated range before scoping study is released to the market.
• placement raise of $4.3 "funded to do the work that we do". SPP was for existing shareholders to participate on the same terms. Acknowledges that it's struggling under the existing price. If required, have spoken to a few other groups that like the project that may potentially take up the shortfall from the SPP.

A walk through of the current leap frog model was done in the webinar. The below diagram summarizes what was discussed.