ROYALTY PORTFOLIO

• 0.5% NSR on Bazooka project in the Abitibi Greenstone Belt
• Bazooka is contiguous with Yamana’s Wasamac property (1.8M Oz. Au)
• Option to acquire additional 0.5% NSR in Newfoundland and Quebec properties

• 0.5 % NSR on Red Lake Project
• 28,000 hectares
• Proximal to past and current producing mines

• 0.5% NSR on Kenwest Property
• Includes intersection of 53,700 g/t Au over 0.55m

• 0.2 % NSR on Queensway project
• Includes 19m of 92.9 g/t Au discovery hole
• 0.5% NSR outside of Queensway
• Covers a total of 1,511.26 km2

• 0.5 % NSR on 987.26 km2 claim package
• Proximity to New Found Gold and similar geological setting

• Option to purchase 1% NSR on Mustang Property
• Contiguous with New Found Gold and 5km from discovery hole

• Option to purchase 0.5% NSR on Parkview, Knights Melange, Gold Nugget, Miss Pickle, Gold Boulder and Chapel Island

BOTSWANA
PROPERTY

• 0.5 % NSR on Botswana Property on ~850,000 hectares
• Western limb of Archean belt most prospective target as it hosts close to 14 million ounces of gold and platinum in South Africa

Largest royalty holder in Newfoundland with coverage of 2,489.52 km2

BOTSWANA
PROPERTY

• 0.5 % NSR on 987.26 km2 claim package
• Proximity to New Found Gold and similar geological setting

• Option to purchase 1% NSR on Mustang Property
• Contiguous with New Found Gold and 5km from discovery hole

• Option to purchase 0.5% NSR on Parkview, Knights Melange, Gold Nugget, Miss Pickle, Gold Boulder and Chapel Island

• 0.5 % NSR on Botswana Property on ~850,000 hectares
• Western limb of Archean belt most prospective target as it hosts close to 14 million ounces of gold and platinum in South Africa

Largest royalty holder in Newfoundland with coverage of 2,489.52 km2

• 0.2 % NSR on Queensway project
• Includes 19m of 92.9 g/t Au discovery hole
• 0.5% NSR outside of Queensway
• Covers a total of 1,511.26 km2

• 0.5 % NSR on Red Lake Project
• 28,000 hectares
• Proximal to past and current producing mines

• 0.5% NSR on Kenwest Property
• Includes intersection of 53,700 g/t Au over 0.55m

BOTSWANA
PROPERTY

• 0.5% NSR on Bazooka project in
the Abitibi Greenstone Belt

• Bazooka is contiguous with
Yamana’s Wasamac property
(1.8M Oz. Au)

• Option to acquire additional 0.5%
NSR in Newfoundland and
Quebec properties

• 0.5 % NSR on Red Lake Project
28,000 hectares

• Proximal to past and current
producing mines

• 0.5% NSR on Kenwest Property

• Includes intersection of 53,700 g/t Au over 0.55m

• 0.5% NSR outside of Queensway

• 0.2 % NSR on Queensway project

• Includes 19m of 92.9 g/t Au discovery hole

• Covers a total of 1,511.26 km2

• Option to purchase 1% NSR on Mustang Property

• Contiguous with New Found Gold and 5km from discovery hole

• Option to purchase 0.5% NSR on Parkview, Knights Melange, Gold Nugget, Miss Pickle, Gold Boulder and Chapel Island

• 0.5 % NSR on 987.26 km2 claim package

• Proximity to New Found Gold and similar geological setting

• 0.5 % NSR on Botswana Property on ~850,000 hectares

• Western limb of Archean belt most prospective target as it hosts close to 14 million ounces of gold and platinum in South Africa

BOTSWANA
PROPERTY

• 0.5% NSR on Bazooka project in
the Abitibi Greenstone Belt

• Bazooka is contiguous with
Yamana’s Wasamac property
(1.8M Oz. Au)

• Option to acquire additional 0.5%
NSR in Newfoundland and
Quebec properties

• 0.5 % NSR on Red Lake Project
28,000 hectares

• Proximal to past and current
producing mines

• 0.5% NSR on Kenwest Property

• Includes intersection of 53,700 g/t Au over 0.55m

• 0.5% NSR outside of Queensway

• 0.2 % NSR on Queensway project

• Includes 19m of 92.9 g/t Au discovery hole

• Covers a total of 1,511.26 km2

• Option to purchase 1% NSR on Mustang Property

• Contiguous with New Found Gold and 5km from discovery hole

• Option to purchase 0.5% NSR on Parkview, Knights Melange, Gold Nugget, Miss Pickle, Gold Boulder and Chapel Island

• 0.5 % NSR on 987.26 km2 claim package

• Proximity to New Found Gold and similar geological setting

• 0.5 % NSR on Botswana Property on ~850,000 hectares

• Western limb of Archean belt most prospective target as it hosts close to 14 million ounces of gold and platinum in South Africa

BOTSWANA
PROPERTY

• 0.5% NSR on Bazooka project in
the Abitibi Greenstone Belt

• Bazooka is contiguous with
Yamana’s Wasamac property
(1.8M Oz. Au)

• Option to acquire additional 0.5%
NSR in Newfoundland and
Quebec properties

• 0.5% NSR on Red Lake project
28,000 hectares

• Proximal to past and current
producing mines

• 0.5% NSR on Kenwest property

• Includes intersection of 53,700 g/t Au over 0.55m

• 0.5% NSR outside of Queensway

• Covers a total of 1,511.26 km2

• 0.2% NSR on Queensway project

• Includes 19m of 92.9 g/t Au discovery hole

• Option to purchase 1% NSR on Mustang Property

• Contiguous with New Found Gold and 5km from discovery hole

• Option to purchase 0.5% NSR on Parkview, Knights Melange, Gold Nugget, Miss Pickle, Gold Boulder and Chapel Island

• 0.5 % NSR on 987.26 km2 claim package

• Proximity to New Found Gold and similar geological setting

• 0.5 % NSR on Botswana Property on ~850,000 hectares

• Western limb of Archean belt most prospective target as it hosts close to 14 million ounces of gold and platinum in South Africa

BOTSWANA
PROPERTY

A CASE STUDY - GREAT BEAR ROYALTIES

The Value of 0.2% NSR - Queensway

Great Bear Royalties was a public royalty company whose principal asset was a 2% NSR on Kinross Gold’s Great Bear Project located in Northwestern Ontario.

In July 2022, Royal Gold acquired Great Bear Royalties in an all-cash transaction for $200 million.

This comp would value EarthLabs’ 0.2% NSR on NFG’s Queensway at $20 million.

Great Bear Royalties was a public royalty company whose principal asset was a 2% NSR on Kinross Gold’s Great Bear Project located in Northwestern Ontario.

In July 2022, Royal Gold acquired Great Bear Royalties in an all-cash transaction for $200 million.

This comp would value EarthLabs’ 0.2% NSR on NFG’s Queensway at $20 million.

TSX-V: SPOT $0.215 / VOL: 61.5 OTCQX: SPOFF $0.1623 / VOL: 10.3

TSX-V: SPOT $0.215 / VOL: 61.5
OTCQX: SPOFF $0.1623 / VOL: 10.3

ROYALTY PORTFOLIO

ROYALTY PORTFOLIO