1. Medgold Resources Corporation A European Gold Explorer
Target Generation as a Mineral Exploration Model: Medgold’s Grassroot Approach to Serbia
Aleksandar Mišković, PhD, P.Geo.
October 4th , 2017

2. Cautionary Notes Forward Looking Statement
This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Medgold Resources Corp.’s projects in Europe are at an early stage and all estimates and projections are based on limited, and possibly incomplete, data. More work is required before the mineralization and the Projects’ economic aspects can be confidently modelled. Actual results may differ materially from those currently anticipated in this presentation. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be economic.
Qualified Person: Under the terms of NI43-101, David Clark is Medgold’s Qualified Person.
David Clark holds B.Sc. (Hons) and M.Sc. degrees in geology from McGill University, Montreal, Canada, and has been involved in mineral exploration since 1999, with experience in magmatic sulphide Ni-Cu-PGE, intrusion-hosted PGE, and sediment-hosted, orogenic and epithermal precious metal deposits in Canada, USA, Mexico, and Central America. Mr Clark is a member of the Association of Professional Engineers and Geoscientists of British Columbia.
David Clark, Consulting Geologist to the Company, is a qualified person as defined by National Instrument Standards of Disclosure or Mineral Projects and has approved the disclosure of the scientific and technical information in this presentation.

3. Aim Model Strategy Who is Medgold?3
Aim
To become a leading Serbia-focused gold explorer
Model
Generate early-stage exploration projects within a world-class metallogenic setting
Strategy
Explore through strategic partnerships with major mining companies

4. Our approach to Serbia
6 exploration licences granted and multiple applications pending issuance
Focusing on the NW-SE trending Oligo-Miocene Belt that is relatively under-explored for Au yet geologically well mapped
Generating new targets and re-interpreting historical occurrences – applying new models via geochronology, geochemistry and thermochronology
Targeting epithermal gold deposits with a view for porphyry and sediment-hosted precious metal mineralization
Belgrade

5. Funding Exploration
In Serbia exploration fully-funded by Fortuna Silver Mines
OPTION AGREEMENT (1)
US $8m for 70% under the Tlamino Option Agreement
Commenced early in 2017
OPTION AGREEMENT (2)
Option to select a second project
STRATEGIC ALLIANCE
Funded of CAD $3m over two years
Commenced early in 2016
Regional exploration work fully-funded and awaiting approval
Proposed spend commitment of nearly US $20m with just Fortuna Silver Mines

6. Generation of Prospects, Projects and Targets
Prospecting is the critical FIRST step in the mineral exploration process for which the prospector needs:
Activity
Observation
Knowledge
Insight
Opportunism
Persistence
Lateral thinking
Courage
Luck ?
1000 “occurrences“
100 “prospects“
10 “projects“
1 mine
2 “targets“
Regional Survey
undertaken by Geological
Survey or Exploration Company
Area Survey possibly undertaken by
Geological Survey and/or Exploration
Company
Detailed Area Survey
undertaken by Exploration
Detailed Survey and possible
drilling of a few deposits
undertaken by Exploration
Possible Mine if other factors are favourable
Geological survey in mineral exploration
1st year
2nd year
3rd & 4th year
5th – 7th year

7. Why Serbia? Western Tethyan Metallogeny
Emerging mining destination in a favourable geological environment
Under-explored for precious metals
Excellent exploration potential
Mining-friendly government with a history of active mines

8. Greenfield Project Generation Model
Prospect selection & exploration
Focus on target zones, licensing and project exploration by detailed geophysics , trenching, drilling, eventual resources definition and PFS
Regional prospecting
Reconnaissance stream sediment, soil and rock chip sampling; air photo, satellite imagery and remote sensing interpretation
Regional AOI selection
Permissive tracts likely featuring sources of and traps for mineralization based on litho-stratigraphy, geochronology, regional structural analysis, geophysical and metallogenic data. In the Serbian legal framework this implies applying for multiple AOIs.
Historical review
Archival data mining; scientific bibliography
Conceptual planning
Commodity of choice; favorable geological setting and jurisdiction

9. Overcoming Challenges
PROPERTY EVALUATION
GENERATIVE EXPLORATION
EARLY EXPLORATION
FOLLOW UP
DETAILED EXPLORATION
Commodity selection
Tenement application
Land acquisition
Joint Venture
Test priority targets
Infill drilling
Geological modelling
Initial drilling
Data base
Reconnaissance
Mapping
Sampling
Geophysics
Archival search
Follow-up drilling
Resource estimation
Satellite imagery
Geological maps
Geophysical surveys
Metallurgical tests
Test anomalies/
Prioritise
Feasibility study
YES/NO
YES/NO
YES/NO
YES/NO
Exploration costs (in $1,000s)
500 – 3,000
>3,000
Number of targets
? - 10
2 - 3 1+

10. Key to success Search Recognize Scrutinize Analyse Drill
Look where no one had searched before
Recognize
Recognize a new geologically favorable feature, control or association (lithological or structural)
Scrutinize
Examine bedrock for subtle distal signatures of concealed mineralization
Analyse
Test subtle non-typical indications of mineralization either overlooked or dismissed as irrelevant
Drill
Drill early to prove, refine or rethink the model

11. Early-stage proof of concept: Tlamino Project

12. Summary
Medgold is a project generator targeting high-grade epithermal and porphyry deposits
Funding secured via a Strategic Partnership with Fortuna Silver Mines
Early proof of concept success with key project identified; Tlamino Gold Project
Continuing to explore throughout the Oligo-Miocene metallotect

13. Contact Details Dan James Medgold Resources Corp. President
Direct: (UK)
Vancouver Head Office:
A Gold Group Company