Commercial Production achieved

• H2 Guidance:  72,000 – 77,000 ounces Au;
• All key equipment working well;
• Focused on early debt repayment;
• Share price rerate as we move to full production;
• 210,000 oz/year* with high margins in Canada;
• High potential exploration targets, Raven & Lynx;
• Production increase with year-round stacking;
• Mine life significantly extended at current gold price.

* Per 2019 Technical Report

Strengths

• H2 Guidance:
  • 72,000 - 77,000 ounces Au
  • AISC - US$1,175 - 1,275 per ounce
• Debt re-financed - 2021 savings $10M
• LOM average annual production of 210,000 oz/year
  • Open pit 1:1 strip ratio
  • Heap Leach 76% recovery

Opportunities

• Increased production with year-round stacking
• Extended mine life – deep drilling has shown mineralization extends to +650m
• High potential exploration targets
• VGCX is an attractive takeover target