Corporate Presentation March 2021

Disclaimer

Corporate Presentation

WEST CACHE GOLD PROJECT ON TREND IN THE TIMMINS CAMP

March 4, 2021

1

Disclaimer Cautionary Note Regarding Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the impact and implications of the updated mineral resource estimate and drill results on the Company, the growth potential and possible economics of the project and the Company’s understanding of the project; the development potential and timetable of the project; the estimation of mineral resources; realization of mineral resource estimates; the timing and amount of estimated future exploration; success of exploration activities. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performances or achievements of Galleon Gold to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Galleon Gold will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Galleon Gold to be materially different from those expressed or implied by such forward-looking statements, Although Galleon Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Galleon Gold does not undertake to update any forwardlooking statements, except in accordance with applicable securities laws.

This document does not constitute an Offering Memorandum and as such is not intended to solicit funds.

2

Investment Highlights WEST CACHE GOLD PROJECT ON TREND IN THE TIMMINS CAMP 13 km West of Timmins, Ontario • NI-43 101 compliant resource estimate (July 1, 2013) • Indicated: 609K oz Au at 2.18 g/t Au • Inferred: 470K oz Au at 2.31 g/t Au • Ongoing Drill Program 38,000 meters to date • Infill drilling with multiple gold vein intercepts • New high grade zone discovery - Zone #9 Neal Gold Project, Idaho

• Commenced permitting initiatives for bulk tonne sample • Baseline studies • Survey for converting mineral claims to lease • Underground ramp design

•

80 % GGO, 20% Eric Sprott

Additional Early Stage Properties • ~35,600 ha across highly prospective mineral districts in Ontario, Quebec, Manitoba and New Brunswick

• Preliminary Economic Assessment (PEA) • Expected for Q2 2021 3

Capital Markets Profile Capital Structure Share price (as of Mar 1, 2021)

C$0.075

Shares outstanding

470.6M

Options outstanding

21.8M1

Warrants outstanding

152.1M2

FD shares outstanding

644.5M

Market capitalization (basic)

C$35.3M

Cash (approx.)

C$4.8M

1. 21.8M options outstanding with exercise prices ranging from C$0.05 to C$0.30 2. 152.1M warrants outstanding with exercise prices ranging from C$0.05 to C$0.12

4

Experienced Management and Board R. David Russell President, CEO & Chairman of the Board • Over three decades of executive experience in the mineral exploration and development industry • From 2002 to June 2010, founded and was the President and CEO of Apollo Gold Corporation (acquired by Primero Mining is now owned by First Majestic Silver). Apollo developed the Black Fox Mine (still in production).

• Previous positions include VP and COO of Getchell Gold Company/Placer Dome Gold; General Manager, US Operations at LAC Minerals Ltd. (now owned by Barrick); Manager, Underground Mining at Independence Mining Company; Project Manager at Hecla Mining Company; and Manager, Lincoln Project at FMC/Meridian Gold.

Board of Directors

Management

Chris Dupont, P.Eng.

Lisa Buchan, VP Corporate Development

Mario Colantonio, P.Eng

Sonia Agustina, CFO

Michael Hobart

Chris Dupont, COO

Thomas Kofman

Ryan Lougheed, General Manager West Cache Gold

Gerhard Merkel

Nate Tewalt, Chief Geologist

Dick Nanna

Leah Page, Senior Project Geologist West Cache Gold

James T. O’Neil Jr. 5

West Cache Gold Project Timmins, Ontario, Canada

Located in the Prolific Timmins Mining Camp • Located 13 km from Timmins, Ontario •

Bisected by Hwy 101 and main powerline

• Excellent regional infrastructure •

Airport, rail and hospital

•

Mining friendly environment

•

Skilled workforce and services

• 7 km East of Pan American Silver/Lakeshore Gold’s West Mine • 14 km West of Newmont’s Hollinger Mine • Signed MOU with the area’s First Nations communities

6

West Cache Gold Project

Located in the Porcupine Destor Gold Belt

Stock Mine & Mill / Black Fox

WEST CACHE GOLD PROJECT ON TREND IN THE TIMMINS CAMP

7

West Cache Gold Project

Survey Underway to Covert Claims to Lease Status

8

West Cache Gold Project Geology and Mineralization • Mesothermal lode gold deposit in the western portion of the Archean Abitibi Greenstone Belt • Mineralization resembles the Hollinger and McIntyre gold mines (located ~15 km east) • Mineralization is characterized by chalcopyrite-pyrite stringers and veins and quartz-tourmaline veins hosted by altered and sheared Quartz-Feldspar Porphyry (QFP) • Drilling indicates that the mineralized shear zones in the QFP extend for 1,975 m along strike and to depths of up to 900 m • Gold occurs in several parallel 70° to 80° north dipping veins within a 750 m wide zone • Over 500 core holes drilled for appr. 185,000 meters of core • Mineralized intercepts range from 1-18 m with an average width of 3.5 m 9

West Cache Gold Project Plan Map 2020-2021 Drilling

• 38,000 m completed to date in 2020-2021 – drilling ongoing • 177 holes and counting

EAST PIT GAP

Zone #9 High-Grade Shoot

West Wing

ZONE #9

WEST PIT

200 meters

East Wing

10

N

West Cache Gold Project Structured Drill Program

ZONE #9

WEST PIT

GAP

EAST PIT

N

11

West Cache Gold Project

Target Drilling and Blue Sky Potential Zone #9

West Pit

Gap

East Pit

EAST PIT

N Zone #9 High-Grade Shoot

EST PIT

West Deep

No HistoricZONE Drilling South of #9 Zone #9

Modelled 2013 Shears N(Pink)

12

West Cache Gold Project

Infill drill sample results - East Pit Drilling confirming and infilling mineable open pit structures East Pit Drillhole Intercepts HOLE-ID From (m) To (m) Length (m) WC-20-001 63.0 64.5 1.5 82.5 84.0 1.5 106.0 114.0 8.0 WC-20-002 120.0 129.0 9.0 WC-20-003 90.7 94.5 3.8 152.0 153.0 1.0 191.3 192.0 0.7 WC-20-004 59.0 60.0 1.0 WC-20-005 84.4 90.0 5.6 174.0 187.5 13.5 including 174.0 175.5 1.5 WC-20-006 93.0 95.5 2.5 WC-20-007 129.0 130.0 1.0 WC-20-007 134.5 135.5 1.0 WC-20-007 165.0 167.0 2.0 WC-20-008 97.5 100.5 3.0 WC-20-008 133.5 135.0 1.5 WC-20-010 70.5 72.0 1.5

East Pit Area Drillhole Intercepts HOLE-ID From (m) To (m) Length (m) Au-(g/t) WC-20-058 244.5 246.0 1.5 9.82 WC-20-061 174.0 174.7 0.7 5.05 WC-20-061 174.7 176.0 1.3 1.03 WC-20-061 209.5 211.0 1.5 9.98 WC-20-061 211.0 212.0 1.0 2.78 WC-20-065 103.5 105.0 1.5 7.33 WC-20-065 244.5 246.0 1.5 5.22 WC-20-065 270.0 271.0 1.0 5.94 WC-20-065 271.0 272.0 1.0 1.12 WC-20-066 409.5 411.0 1.5 6.68 WC-20-067 130.0 131.0 1.0 7.90 WC-20-068 175.0 176.0 1.0 7.40 WC-20-068 315.0 316.0 1.0 7.20 WC-20-068 322.0 323.0 1.0 9.20 WC-20-069 252.0 253.5 1.5 9.82 WC-20-070 216.0 217.0 1.0 13.60 WC-20-071 174.0 175.5 1.5 12.60 WC-20-073 85.5 87.4 1.9 0.38 WC-20-073 87.4 88.3 0.9 7.21 WC-20-073 235.5 236.5 1.0 27.00 WC-20-091 119.0 120.5 1.5 14.00 True thickness estimated at 93%

Au (g/t) 3.69 2.18 1.07 1.58 1.79 7.23 5.54 2.45 2.34 1.69 8.05 2.66 2.36 14.70 3.56 1.22 3.17 3.03

13

West Cache Gold Project

Infill drill sample results - West Pit West Pit Area Drillhole Intercepts

Hole ID From (m) To (m) Length (m) Au (g/t) WC-20-014 72.0 75.0 3.0 10.39 including 72.0 73.5 1.5 18.80 WC-20-014 141.0 142.5 1.5 1.93 WC-20-015 105.0 106.5 1.5 2.39 WC-20-015 123.9 125.4 1.5 5.89 WC-20-017 53.2 56.2 3.0 9.06 including 53.2 54.0 0.8 31.40 WC-20-017 64.5 66.0 1.5 3.29 WC-20-020 30.0 34.5 4.5 3.42 including 31.0 33.0 2.0 7.11 WC-20-021 19.5 21.0 1.5 2.16 WC-20-021 33.0 40.5 7.5 2.47 including 34.5 37.5 3.0 5.10 WC-20-022 171.0 172.0 1.0 12.00 WC-20-024 36.0 40.5 4.5 1.28 WC-20-024 55.5 62.5 7.0 2.40 including 58.5 60.0 1.5 4.26 WC-20-025 54.0 55.5 1.5 9.92 WC-20-030 234.0 243.7 9.7 7.16 including 234.0 237.0 3.0 14.75 WC-20-042 237.0 247.7 10.7 7.44 including 244.8 247.7 2.9 10.19 True thickness estimated at 93% (except hole 002 at 61% and hole 22 at 77%)

Drilling confirming and infilling mineable open pit structures

WC-20-30 – Zone #9 Discovery Hole WC-20-42 – Confirmation Hole

14

West Cache Gold Project

125E

075E

High Grade Zone #9 Discovery – Plan Map

15

West Cache Gold Project Drilling Cross Sections – Zone #9

16

West Cache Gold Project Drilling Cross Sections – Zone #9

17

West Cache Gold Project

Target Drilling and Blue Sky Potential West Pit

East Pit

N

Modelled 2013 Shears (Pink)

Zone #9 High-Grade Shoot

Zone #9

Discovered in 2020

1 km

West Deep

ZONE #9

Discovered in 2010

TPW-10-30: 9.2 g/t Au / 11m TPW-11-46W1: 8.13 g/t Au / 15.3 m

18

WC-20-82: 9.4 g/t Au / 10.0 m WC-20-81: 8.68 g/t Au / 10.0 m WC-21-115: 11.25 g/t Au / 6.0 m + multiple other high-gradeN hits

West Cache Gold Project

Target Drilling and Blue Sky Potential Long Section - Looking to the East East Pit

West Pit N

EST PIT

Zone #9

1 km

Discovered in 2020

WC-20-82: 9.4 g/t Au / 10.0 m WC-20-81: 8.68 g/t Au / 10.0 m WC-21-115: 11.25 g/t Au / 6.0 m + multiple other high-grade hits

West Deep

Discovered in 2010 ZONE #9

TPW-10-30: 9.2 g/t Au / 11m TPW-11-46W1: 8.13 g/t Au / 15.3 m

19

N

West Cache Gold Project Zone #9 – Cross section

Hole WC 20-30 at 234 m to 243.7 m (7.16 g/t)

Zone #9

Hole WC 20-42 at 237 to 247.7 m (7.44 g/t)

Hole TPW 10-30 at 726 m to 737 m (9.21 g/t)

West Deep

20

West Cache Gold Project High-Grade Gold Zones at Depth High-Grade Historical Drill Results at Depth Drill Hole TPW-10-09 TPW-10-21 TPW-10-23 TPW-10-30 including TPW-11-43W4 TPW-11-46W1 TPW-11-46W2 TPW-11-54 TPW-11-60 TPW-12-62W3 TPW-12-62W1 TPW-12-73W5

From (m)

To (m)

679.5 489.5 220.0 726.0 730.0 762.0 877.5 889.0 443.0 333.4 787.5 847.5 841.3

690.65 494.0 224.0 737.0 734.1 769.5 892.8 909.0 454.0 341.2 801.0 862.2 874.5

Width (m) 11.15 5.50 4.00 11.00 4.10 7.50 15.30 20.00 11.00 7.80 13.50 14.70 33.20

Gold (g/tonne) 5.38 8.45 30.56 9.21 23.69 9.41 8.12 4.07 4.88 114.76 7.36 6.70 7.65

Hole TPW 10-30 at 726 m to 737 m (9.21 g/t)

Hole WC 20-30 at 234 m to 243.7 m (7.16 g/t)

• Hole WC-20-30 is 550 meters up-dip of the 2010 West Deep discovery hole TPW-10-30 • Drilling underway to determine continuity of Zone # 9.

21

West Cache Gold Project

Zone #9 Plan Map – Current focus of drilling Drilling along Zone #9 and beyond – “Nothing but blue sky”

West Deep

West Wing

East Wing Zone #9 South

West Cache Gold Project

Visible Gold – encountered in West Wing Assays Pending

23

West Cache Gold Project

Mineralization encountered in East Wing West Cache Property WC-21-168

Assays Pending

24

West Cache Gold Project

Mineralization encountered in South

West Cache Property WC-21-161

Assays Pending

25

West Cache Gold Project

Key Milestones to Reach Bulk Sample

• •

Land Perimeter survey • Mining claims converted • to lease status •

Permitting Activities Baseline studies • Mine Closure Plan development • Underground ramp design •

2021

•

Preliminary Economic Assessment Permitting Updated mineral resource incorporating over 175 new holes (+ 40,000 m)

2022

• • • •

Ongoing Aggressive exploration program First Nations consultations Baseline and environmental studies Permitting for open pits 26

Bulk Sample Underground ramp construction Mine Closure Plan accepted Bulk sample delivered to custom mill

2023

Prefeasibility studies • Ongoing activities

Comparable Company Analysis • Galleon trades at an EV/resource multiple of C$35/oz AuEq, which is a 38% discount to the weighted average of Canadian gold exploration companies (C$57/oz AuEq) • Analysis does not attribute any value for Galleon’s Neal Gold Project in Idaho, U.S.

Phase EV/Resource Multiples of Gold Exploration Companies with Key Projects in Canada (C$/oz AuEq)1

$14

$12

$10

$10

$9

Golden Predator

Sirios

ATAC

Genesis

$14 1911 Gold

$13

$15 Gatling

Falco

$15 O3 Mining

Troilus

$18

$15

$20 Moneta Porcupine

Granada

$21 Nighthawk

Rockhaven

$24 First Mining

$30 Maple

$30

$32 Mistango

$25

$32 Blue Star

Renforth

$33 Maritime

Average = C$57

West Red Lake

$35

$42 Red Pine

$33

$47 Bonterra

Gowest

$48 White

Galleon

$50

$49

$51 Probe

Landore

$54 Gold Terra

Matador

$55 Treasury

$87 Sabina

$98

$97 Ascot

Northern Superior

$101 Orefinders

$108 Galway

$129 Radisson

Phase

3

$132

$133

Skeena

2

Marathon

$139

Phase

Osisko Mining

QMX

Benz

Wallbridge

Battle North

$154

$259

$260

$321

1

1. Gold equivalent resources calculated using spot metal prices as of February 1, 2021 of US$1,856/oz Au, US$28.99/oz Ag, US$3.56/lb Cu, US$1.16/lb Zn, US$0.92/lb Pb, US$2,239/oz Pd and US$1,129/oz Pt Note: as of February 1, 2021 Source: company reports and Capital IQ

27

Reasons to Invest Premier mining jurisdiction – Timmins Mining Camp Aggressive drill program underway - continues to define gold Preliminary Economic Assessment Q2 2021 / Updated Resource Financial support with Eric Sprott – including partnership on Idaho Project Proven and experienced management with history of developing mines in the region

David Russell, CEO & President info@galleongold.com 416-644-0066