Why Borealis?

Borealis Mining (TSXV: BOGO) presents a compelling investment opportunity combining near-term gold production, undervalued resource potential, and an all-star leadership team. With a fully permitted mine in Nevada’s top-ranked Walker Lane Trend, the company is positioned to become a revenue-generating powerhouse with major upside through both oxide and high-grade sulfide gold.

Investment Highlights

• Fully Permitted Infrastructure: Active heap leach pads, ADR facility, and road access.
• Gold Production Underway: Two successful gold pours in 2024; ramp-up underway.
• Significant Historical Production: 625,000 oz historically mined; 1.8M oz historical resource.
• High-Grade Oxide & Sulfide Potential: Drill hits include 30.5m @ 4.48 g/t Au and 6.1m @ 15.16 g/t Au.
• Rob McEwen (16%) & Eric Sprott Invested: Major endorsement from gold legends.
• CEO Kelly Malcolm: Discovered Detour Gold’s high-grade 58N deposit.

Onsite Infrastructure & Production

The Borealis Mine is already equipped with:

• 50 Acres of Permitted Heap Leach Pads
• ADR Facility
• ~330,000t Stockpile

Exploration Upside

Recent drill highlights at Cerro Duro and Jamie’s Ridge include:

• BMCD012: 30.5 m @ 4.48 g/t Au (including 6.1 m @ 15.16 g/t Au)
• BMCD009: 25.9 m @ 0.67 g/t Au (including 7.6 m @ 1.12 g/t Au)
• BMCD015: 21.3 m @ 0.58 g/t Au (including 6.1 m @ 1.03 g/t Au)
• DHBM001: 8.1 m @ 1.89 g/t Au (beginning at 11.7 metres)

Recent drill highlights at Graben include:

• DHBM011: 99.1 m @ 2.25 g/t Au (including 21.3 m @ 4.06 g/t Au)
• DHBM013: 36.6 m @ 2.11 g/t Au (including 4.6 m @ 8.24 g/t Au) and 27.4 m @ 2.06 g/t Au further downhole
• DHBM008: 45.7 m @ 1.58 g/t Au

Land Package & Expansion

Borealis recently expanded its claim boundary to 26.56 square miles with newly acquired claims including significant historical oxide gold drill intercepts and high-grade surface samples.

Future Growth: Sandman Gold Project

BOGO acquired Gold Bull’s Sandman Project (formerly owned by Newmont) for US$6M in shares. A 2023 PEA showed an NPV (at $3,000 gold) of US$424.1M. Historic bonanza grades include:

• NSM-142: 90.28 g/t Au over 3.47m
• NSM-141: 86.91 g/t Au over 1.19m

Two-Year Roadmap

• Crush and leach 330,000t stockpile
• Expand oxide resources via drilling
• Test sulfide potential at Graben
• Develop mine plan targeting 100k oz/year
• Conduct optimization and metallurgical studies

Site Layout and Infrastructure

Institutional Support

• Rob McEwen (16% ownership)
• Eric Sprott (recent investor)
• Earthlabs, Equinox, AlphaNorth, Pathfinder, Sachem Cove, and others

Leadership Team

Led by mining legends with billions in M&A exits:

• Tony Makuch (Chairman) – former CEO, Kirkland Lake Gold
• Kelly Malcolm (CEO) – discovered 58N at Detour Gold
• Bob Buchan – Founder, Kinross Gold
• Greg Gibson – sold Trelawney Mining to IAMGOLD for $608M
• Christina McCarthy – sold Paycore to i-80 Gold