Pacgold : Investor Presentation - Unlocking an Entire Gold Corridor

Unlocking an Entire Gold Corridor

Alice River Gold Project

ASX : PGO

20 April 2022 - Investor Presentation

Important information & disclaimer

PURPOSE OF THIS DOCUMENT

This presentation has been prepared by Pacgold Limited ("PGO") in connection with its pro rata non-renounceable entitlement offer (Offer) of fully paid ordinary shares (New Shares) that was announced on Wednesday, 20 April 2022 using the information available to PGO at the time of publication. This presentation does not purport to be all-inclusive or to contain all the information that you or any other party may require to evaluate the prospects of PGO.

NO RELIANCE

This presentation is not (and nothing in it should be construed as) an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security in any jurisdiction, and neither this document nor anything in it shall form the basis of any contract or commitment. This presentation is not a prospectus, disclosure statement or other offering document under Australian law or under any other law and will not be lodged with the Australian Securities and Investments Commission. The presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor which need to be considered, with or without professional advice, when deciding whether or not an investment is appropriate. Before making an investment decision, prospective investors should consider the appropriateness of the information in this presentation having regard to their own objectives, financial situation and needs and their own professional advice.

To the fullest extent permitted by law, PGO, its related bodies corporate and their representatives expressly disclaim liability for any loss or damage arising in respect of your reliance on the information contained in this presentation (including your reliance on the accuracy, completeness or reliability of that information), or any errors in or omissions from this presentation, including any liability arising from negligence.

NO OFFER TO ACQUIRE NEW SHARES

This presentation is not and should not be considered an offer or an invitation to acquire the New Shares or any other financial products and does not and will not form any part of any contract for the acquisition of the New Shares

The Offer will be made on the basis of the information to be contained in the offer booklet (Booklet) to be prepared for eligible retail shareholders in Australia and New Zealand and will be made available following its lodgement with ASX. Any eligible shareholder in Australia and New Zealand who wishes to participate in the Offer should consider the Booklet before deciding whether to apply under the Offer. Anyone who wishes to apply for New Shares under the Offer will need to apply in accordance with the instructions contained in the Booklet and the entitlement and application form.

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES

None of the information in this presentation constitutes an offer to sell, or the solicitation of an offer to buy, any securities in the United States. This presentation may not be released, published or distributed directly or indirectly, to persons in the United States. The release, publication or distribution of this presentation (including an electronic copy) in other jurisdictions outside Australia and New Zealand may also be restricted by law. If you come into possession of this presentation, you should observe these restrictions as non-compliance with these restrictions may contravene applicable securities laws.

COMPETENT PERSONS STATEMENT

The information in this document that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr Tony Schreck, who is a Member of The Australasian Institute of Geoscientists. Mr Schreck is PGO's Managing Director and holds shares and options in PGO.

Mr Schreck has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'.

Mr Schreck consents to the inclusion in the public report of the matters based on his information in the form and context in which it applies.

Important information & disclaimer

EXCLUSION OF REPRESENTATIONS OR WARRANTIES

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of PGO's directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.

FORWARD-LOOKING INFORMATION

Certain statements in this presentation constitute "forward-looking information" that is based on expectations, estimates and projections as of the date of this presentation. This forward-looking information includes, among other things, statements with respect to PGO's business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, and exploration results. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as 'outlook', 'anticipate', 'project', 'target', 'likely',' believe', 'estimate', 'expect', 'intend', 'may', 'would', 'could', 'should', 'scheduled', 'will', 'plan', 'forecast', 'evolve' and similar expressions. These statements are subject to risks and uncertainties. The forward- looking information should not be relied upon as representing the view of PGO after the date of this presentation. PGO has attempted to identify important factors that could cause actual actions, events or results to differ materially from those current expectations described in the forward-looking information. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on the forward-looking information. PGO disclaims any intent or obligations to or revise any forward-looking statements whether as a result of new information, estimates, or options, future events or results or otherwise, unless required to do so by law.

EXPLORATION RESULTS

This presentation contains PGO's exploration results and PGO's interpretation of those results. The information in this Presentation that relates to the exploration results of PGO has been extracted from PGO's previous ASX announcements, including the announcements dated 16 Aug 2021, 14 Sept 2021, 8 Nov 2021, 10 Nov 2021, 12 Jan 2022 and 14 Feb 2022. The Company confirms that the form and context in which the Competent Persons' findings are presented have not materially modified from the original market announcements. Copies of these announcements are available atwww.asx.com.au. PGO confirms that it is not aware of any new information or data that materially affects the information included in those announcements.

EVENTS AFTER THE DATE OF THIS DOCUMENT

Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. PGO is not responsible for updating, nor does it undertake to update, this presentation.

Pacgold Limited

Exceptional Gold Growth Opportunity - The Discovery Phase

• • Unlocking an overlooked 30km gold corridor in Nth Qld

• • First high-grade gold discovery in just 6 months

• • Capital raise to fund 18 months drilling - JORC Resource

• • Granted Mining Leases to fast track development

• • Very experienced discovery team

Creating wealth through sustainable innovative exploration and development of under-explored gold assets in Australia

Investment Highlights - Unlocking an Entire Gold Corridor

PACGOLD LIMITED (ASX:PGO)

Alice River Gold Project - Outstanding success applying modern exploration to an overlooked gold asset

• • High-grade discovery on the F1a zone (Central Target)

  • • 17m @ 9.3g/t Au from 192m incl. 3m @ 25.3g/t Au from 195m1

  • • 43m @ 3.0g/t Au from 214m incl. 6m @ 17.5g/t Au from 216m1

  • • Drilling success to date has created an excellent platform to build a substantial resource base

Aggressive drilling programme to commence April - 34,000m drilling over 18 months targeting maiden JORC resource

• • 80% Exploration growth and step out drilling to expand F1a discovery

• • 20% Regional pipeline drilling - priority target defined over 30km

1Source: PGO ASX 12 Jan 2022 and 14 Feb 2022

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