Corex Gold Corporate Presentation October 2017

TSX.V:CGE | OTCQB:CGEKF | COREXGOLD.COM |

CORPORATE PRESENTATIONOctober, 2017

TSX.V:CGE

OTCQB:CGEKF

corexgold.com


Forward Looking Statements

• This presentation contains forward looking statements that are subject to a number ofknown and unknown risks, uncertainties and other factors that may cause actual results todiffer materially from those anticipated in our forward looking statements. Factors thatcould cause such differences include: uncertainties inherent in geological interpretation,changes in world gold markets, equity markets, cost and supply of materials relevant toregulations affecting the mining industry.

• Although we believe the expectations reflected in our forward looking statements arereasonable, results may vary, and we cannot guarantee future results, levels of activity, orperformance of achievements.

• Additionally, the reader is cautioned the Company has neither completed economic nortechnical feasibility studies or metallurgical studies confirming the projected productioncapacity at Santana and that there is no certainty the Company’s plans will beeconomically viable. Historically, such projects have a much higher risk of economic ortechnical failure.

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Management & Directors

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Mining for gold in the

best gold-mining

jurisdiction.Corex Gold Corp. (TSX Venture: CGE) is a Canadian

junior gold mining company. Its head office is located in

Vancouver, B.C., Canada. The Company’s base of

mining operations is Sonora State, Mexico.

Corex Gold was founded in 2005. CGE currently has

133.6 million shares outstanding (153 million fully

diluted) and has had no roll-backs or consolidations in

its 13 years in operation.

The Company’s flagship property is the Santana Gold

Project. Santana boasts near-surface, bulk-tonnage

gold mineralization. The Project is amenable to open-

pit mining and low-cost, heap-leach gold processing.

Corex is presently engaging in pre-commercial mining

operations.


Mexico means “mining”

• When mining investors think of copper, they think “Chile”, the world’s leading copper-producing nation.

• When mining investors think of silver, they think “Mexico”, the world’s leading silver-producing nation.

• What many mining investors may not know is that Mexico is also one of the world’s leading gold-producing nations.

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• Mexico is the world’s 8th largest gold-producer1. With the price of gold having declined in recent years, gold production in many major gold-producing nations has leveled off, or even declined.

• Gold production in Mexico is on a strong, upward trajectory. Mexico became a Top-10 gold producer for the first time in 2012. From 2012 through 2016; gold production in Mexico has risen by approximately 36% (from 92 tonnes to 125 tonnes), more than any other nation1.

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1 Source: http://www.usagold.com/reference/globalgoldproduction.html

http://www.usagold.com/reference/globalgoldproduction.html



• Numerous commercially minable mineral deposits

• Abundant mining infrastructure

• A large, experienced labour supply

• Mining-friendly government at the local, regional, and national level

• A favorable exchange rate (U.S. dollar to peso)

• A stable political environment

• Favorable geography (most mining assets are easily accessible)

• Mexico is the best jurisdiction in which to mine gold today

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Why gain exposure to gold as an asset class?

• A global financial system in crisis: earlier this year, Reuters reported that total global debt has risen to $217 trillion, representing 325% of global GDP2. When any individual country exceeds a national debt-to-GDP level of 100%, this is generally regarded in economic terms as the point of no return.

• Many of the world’s leading economies (including the United States, with its $20 trillion national debt) are past this point of no return and are on course for debt default.

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2 http://www.reuters.com/article/us-global-debt-iif/total-global-debt-tops-325-pct-of-gdp-as-government-debt-jumps-iif-idUSKBN14O1PQ



• A global monetary system in crisis: to avoid national debt default, many of the world’s debtor nations (including the United States) have engaged in a money-printing binge of unprecedented proportions.

• In 20023; this is what former Federal Reserve Chairman Ben Bernanke said:

“U.S. dollars have value only to the extent that they are strictly limited in supply.”

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3 https://www.federalreserve.gov/boarddocs/speeches/2002/20021121/

In 2009; this is what Bernanke did to the supply of U.S. dollars as Federal Reserve Chairman – virtually unlimited supply.

https://www.federalreserve.gov/boarddocs/speeches/2002/20021121/



• Bond market debt has spiraled out of control. Bond market interest rates have never been lower, meaning bond prices have never been higher. This sets the stage for a bond market crash of epic proportions.

• According to the (former) Chairman of the Federal Reserve, the U.S. dollar no longer has value.

• Investors need to dramatically reduce their exposure to bonds and paper currencies and increase their exposure to safe-haven hard assets like gold.

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The Santana Gold Project

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8,500ha project area

100% owned by CorexSonora State, Mexico; 50 km SE of

Alamos Gold’s 3-million ounce Mulatos

Gold Mine

Excellent infrastructureAccessible via paved highway

+30,000m drilling to dateEpithermal, near-surface gold

mineralization, with multi-million ounce

potential, amenable to open-pit mining

and heap-leach processing.

Two areas4 of near-surface

mineralization have been identified, the

Nicho Zone and Nicho North Zone

Near-term production 2018Currently engaged in pre-commercial

mining via bulk-tonnage sampling

4 There has been insufficient exploration to define an official mineral resource (as defined by Canada’s NI 43-101 Standards of Disclosure) and it is uncertain if further exploration will result in the target being delineated as an official mineral resource. For additional disclosure please refer to Forward Looking Statements on Page 2.


Experienced management team

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Craig Schneider, BAChairman

Mr. Schneider has over 20 years of

extensive experience in Capital

market financing, business

development & strategic planning with

public companies in Technology,

Biotechnology and the Resource

sector. He was a Co-founder of

Magnum Uranium, a TSX.V company

which was purchased by TSX Listed

Energy Fuels (TSX: EFR). Mr.

Schneider is a founder of Corex Gold

Corp. and has been instrumental in

building the company to its current

stage of development.

Doug Ramshaw, B.Sc.President & CEO

Mr. Ramshaw earned his B.Sc.

(Hons) Mining Geology from the

Royal School of Mines, Imperial

College, in London, UK. For almost

two decades he has been a senior

executive (including President, CEO

and Vice-President, Business

Development) and a director of

several exploration companies

headquartered in Vancouver but with

mining properties around the world.

Earlier in his career, Mr. Ramshaw

was a mining analyst for an

independent brokerage firm in

London, U.K. Despite his executive

roles in exploration and mineral

development, he is still active in the

art and science of geological

exploration, having spent time on field

programs in both the Yukon, Canada

and Mexico.

Kevin Puil,Director

Mr. Puil is an asset manager and

analyst with over 20 years of

experience managing natural

resource investments. Currently he is

the managing partner at RIVI Capital,

a precious metals focused private

equity firm. Prior to that, he held

senior positions at several firms

including Bolder Investment Partners

(now Haywood Securities), where he

was a Partner and Portfolio Manager;

and the Encompass Fund as Senior

Analyst of natural resources. Kevin

holds a degree in Economics from the

University of Victoria in British

Columbia, and is a Chartered

Financial Analyst (CFA)

charterholder.

Terese GieselmanChief Financial Officer

Terese J. Gieselman has extensive

experience with junior mining

companies in role of corporate

secretary, compliance, regulatory

filings and financings.


Operational expertise in heap leach mining

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A PIONEER IN HEAP LEACH GOLD MINING:

“In the early 1970’s, Millar turned his attention to the Western United States, where he pioneered the use of heap leaching to process low-grade gold ores and demonstrated the success of the method at several open-pit mines. He helped introduce heap leaching to Latin America by writing a technical book on the subject in Spanish that was well

received by mining engineers and other interested parties …Chester Millar has few equals as a builder of junior companies.”

Co-founded Alamos Gold

ChairmanEldorado Gold

ChairmanGlamis Gold5

ChairmanPediment Gold

Corp6

ChairmanCastle Gold Corporation7

Discovered/developed famed

Afton Mine8

AcquiredMulatos Project

1992 – 1994 1985 – 1998 2008 – 2011

2004 – 2008 1960’s

Chester Millar

Canadian Hall of Fame mining legend with a half-century of building junior gold mining companies into larger gold mining companies.

5 Glamis Gold Ltd was acquired by Goldcorp Inc in 2006 for $8.6 billion6 Pediment Gold Corp was acquired by Argonaut Gold Inc in 2010

7 Castle Gold Corporation was acquired by Argonaut Gold Inc in 20098 http://wikimapia.org/2703512/Afton-Mine-open-pit

http://wikimapia.org/2703512/Afton-Mine-open-pit


The Chester Millar way

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9 Source for all quotes: https://ceo.ca/@tommy/mining-legend-chester-millars-formula-for-success

“My way of doing things is generally speaking not acceptable by the Toronto Stock Exchange. I have enough experience, and I don’t want to pay somebody $500/day to tell me what I already know.”

“My Feasibility Study is done by doing things. I will actually mine and produce gold. That to me is better than any Feasibility Study because it isn’t a study, it’s a proven fact.”

“Heap leaching is very cheap because you can use contractor’s machinery. You don’t have to build mills or do expensive capital investment. You just have to put a piece of plastic on the ground, and start putting crushed rock on it… A dollar goes a long way in this type of operation.”9

Save on time1

Save on costs2

Produce gold quickly3

Turn a profit4

https://ceo.ca/@tommy/mining-legend-chester-millars-formula-for-success


Operational expertise in heap leach mining

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Mr. Babcock was the Manager of Mexico for Alamos Gold during the early development of the Mulatos gold project (now the MulatosGold Mine). He was also involved in the development of the La Colorada Mine, located 150 km from the Santana property. His involvement in the early 1990’s for Eldorado Gold included completing a bulk heap leach test and the design, construction and initial operations of the commercial heap leach facility. Mr. Babcock’s experience in the development and operation of gold mines will greatly assist the Company in its efforts to develop the Santana Project

El Castillo Mine

open pit, heap leach gold mine(Durango, Mexico)

El Zapote Mine

open pit, heap leach gold mine

(Chihuahua, Mexico)

La Colorada Mine

open pit, heap leach gold mine(Sonora, Mexico)

Picacho Mine

open pit, heap leach gold mine (California, U.S.)

America Mine

open pit, heap leach gold mine(California, Mexico)

Mulatos Mine

open pit, heap leach gold mine(Sonora, Mexico)

Chris Babcock

TSX.V:CGE | OTCQB:CGEKF | COREXGOLD.COM | 15

SANTANA PROJECTSonora, Mexico


SANTANA PROJECT

Strategically positioned in a rich mining district that features operational mines from some of the world’s leading names in precious metals mining (Goldcorp, AgnicoEagle, Alamos Gold, et al)


Santana Location

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Highlights

• 100% owned

• Located southeast of Hermosillo, in Sonora State, Mexico

• 8,500 hectare land package in the Sierra Madre Occidental range

• Excellent infrastructure

• Permitted for ongoing, bulk-sample, heap-leach studies

• Near-term production potential for open pit mining

• Two Zones of mineralization(Nicho and Nicho North)

• 30,000 meters of exploration drilling completed

• Numerous additional exploration targets property-wide

• 50 km SW of Alamos Gold’s Mulatos Mine(Alamos Gold is a strategic shareholder with a 20% interest)


Nicho North Zone: Chester Millar’s laboratory

• 25,000-tonne bulk sample currently being processed on heap-leach pad

• 50,000-tonne bulk sample to follow

• Total revenues of ~$1.5 million are anticipated from these pre-commercial mining operations*

• Leading to a production decision in 2018

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Bulk testing is helping optimize our mining and processing methods for future commercial mining operations.

* There has been insufficient exploration to define an official mineral resource (as defined by Canada’s NI 43-101 Standards of Disclosure) and it is uncertain if further exploration will result in the target being delineated as an official mineral resource. For additional disclosure please refer to Forward Looking Statements on Page 2.


Nicho Zone: Commercial production potential

• The primary focus of past exploration

• Past drilling has yielded broad zones of gold mineralization

• Highlights include: 87.0 meters @ 1.04 g/t Au (including 28.6 meters of 2.16 g/t Au)

• Oxide-based ore is amenable to heap leach mining

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Results from initial optimization studies will be applied to the development of future mining operations at the larger Nicho zone.


Additional gold targets already identified

• Numerous drilled targets requiring follow-up exploration programs in the vicinity of the main Nicho zone with similar characteristics

• Three regional target zones identified for future exploration initiatives

• 8,500 hectare land package offers abundant potential for new discoveries

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Regional exploration on the Santana property has yielded a number of new exploration discoveries that will be the subject of future exploration programs in 2018.


More blue-sky potential: The Benjamin Zone

The Benjamin zone provides exposure to copper on the Santana property and warrants additional work following the start-up of gold mining operations when some focus can shift to regional targets on the expansive property.

Highlights include:

• 27.4 m grading 2.10% Copper




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Past drilling by Corex and former joint venture partner have yielded several intersections of robust copper mineralization accompanied with gold and silver.


Corex Investment highlights

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Large land package (8,500 hectares, 100% owned) in Mexico, a premier gold-mining jurisdiction

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30,000 meters of drilling has identified two Zones of near-surface gold mineralization (Nicho and Nicho North)

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Oxide-rich ore is amenable to low-cost, heap leach gold mining

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Multiple, additional exploration targets show similar geological signatures

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Operations Team brings vast expertise in heap leach mining (Chester Millar)

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Corex is completing first of two rounds of bulk-sampling at Nicho North Zone, leading to production decision in 2018

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This pre-commercial mining is expected to yield revenues of ~ $1.5 million*

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Benjamin Zone copper prospect9

Santana Gold Project is located 50 km southwest of Alamos Gold’s 3-million ounce Mulatos heap leach gold mine.

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(Alamos Gold is a 20% strategic shareholder in Corex)

21TSX.V:CGE | OTCQB:CGEKF | COREXGOLD.COM |

4 There has been insufficient exploration to define an official mineral resource (as defined by Canada’s NI 43-101 Standards of Disclosure) and it is uncertain if further exploration will result in the target being delineated as an official mineral resource. For additional disclosure please refer to Forward Looking Statements on Page 2.


Capital Structure

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Symbol CGE – TSX.V

Share I/O 133,582,471 *

Warrants 10,525,000

Options 8,850,000

Fully Diluted 152,957,471

Market Capitalization $14.7 Million

* As of October 19, 2017

Major Shareholders:

• Management ~10%

• H. Morgan and Co. ~20%

• Alamos Gold ~20%


Corex Gold is on track to successfully demonstrate the start up of a small scale heap-leach gold operation at its Santana project in Sonora, Mexico. Few companies in the

mining industry demonstrate a consistent approach of driving profits for their shareholders. In collaboration with mining legend Chester Millar, Corex is well positioned to replicate the success of Mr Millar he has had throughout his career at starting small mining companies

and turning them in to large ones.

TSX.V:CGE | OTCQB:CGEKF | corexgold.com

Corex Gold Corporate Presentation October 2017

Investor Relations

Transcript of Corex Gold Corporate Presentation October 2017