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Overview

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Karus Gold – gold exploration focused on growth with the drill bit.

1

Rediscovering BC’s Cariboo Gold District

Cariboo Gold District is re-emerging as a top destination for gold exploration

2

District Scale Land Position

1,000 km square of claims, second largest after Osisko Development Corp.

3

Multiple Growth Opportunities

FG Gold is open at depth and on-strike with historic resources 1,2
Gold Creek is making discoveries near Spanish Mountain Gold
Multiple gold prospects to make new discoveries

4

New Geological Interpretation

Successful 2021 drill program confirmed new geological interpretation at depth

5

Insiders Aligned with Shareholders

Insiders own over 27%, Eric Sprott owns 25%, Yamana Gold owns 6%

  1. Refer to NI 43-101 technical report dated December 16, 2020 “Technical Report on the South Cariboo Gold Property” filed on SEDAR and on the company website.
  2. Measured & Indicated resources consists of 0.4Moz at 0.776 g/t and Inferred resources of 0.6Moz at 0.718 g/t of gold. Refer to NI 43-101 technical report dated July 27, 2015 “Campbell, K. V., and Giroux, G. H., 2015, NI 43-101 technical report, Frasergold exploration project, Cariboo Mining Division, B.C.: Technical report for Eureka Resources Inc”. While the resource estimate was prepared in accordance with NI 43-101 standards Karus Gold views the resource as historical as indicated in Section 2.4 of NI 43-101 as a qualified person has not done sufficient work to classify the historical estimate as current mineral resources. Key assumptions used in the estimation include data from the 160 diamond drill holes (28,323 m) and 242 reverse circulation holes (21,368 m) drilled at Frasergold between 1983 and 2008 for assays and a geological model. Capped assay data was composited in 5 m lengths and separated into “Vein Style” (averaging 3.686 g/t Au), “Disseminated Style” (averaging 0.272 g/t Au) and “Low-Grade Envelope” (averaging 0.126 g/t Au) composites. Grades for 10 x 10 x 5 m blocks were interpolated by ordinary kriging. The resource was calculated at a cut-off grade of 0.5 g/t Au.