Peer Comparison

Hi All

I thought I'd share a quick comparison to where we stand against a peer - Generation Mining in Canada - and for disclosure I am a shareholder of both companies.

Please note that Generation are considerably further down the track than Podium and are shortly approaching feasibility stage, whereas Podium are heading towards scoping study. There's a couple of things that I like about Podium. One is that they are cashed up. Not only do we have the very recent credit raise but we also have cash due this year from EV Metals. That put's us in a strong position. We are also in a position to significantly lift our inferred ounces this year as we keep drilling. Obviously because of the stage we are at our resources are currently only inferred where Generation are at Measured and Indicated and their previous scoping studies have already arrived at AISC, Capital requirements, IRR etc. Generation also have an advantage in that they are slap bang in the middle of existing mining infrastructure and power.

Anyway if POD can successfully drill, get the inferred up to 8-9M Ozs and get that scoping study completed by the end of the year I cannot see why we cannot get to an enterprise value approaching that of Generation today. It's no sure thing, the drill bit needs to do its work, and there's a lot of ifs, but I am optimistic that POD can achieve this. Hopefully the table below helps you to assess some of the risks and rewards.