O3 Mining 2020 Exploration Outlook - Seite 2

- Epsilon: 9.3 g/t Au over 6.0 metres, including 25.7 g/t Au over 1.9 metres in CAX-19-016 (See Press Release December 12, 2019)
- Skarn zone: New gold zone intersected between Bulldog and Mid-Canada returned 3.1 g/t Au over 7.8 metres in O3AL-19-273 (See Press Release December 20, 2019)

2020 Outlook
Drilling Plan: Four rigs currently active to drill a minimum of 50,000 metres
- Alpha Property (budget ~25,000 metres): The Bulldog Zone remains a priority with approximately 10,000 meters planned to test the gold-bearing corridor at 100 metres spacing over an 800 metres strike length and down to 500 meters depth. Best historical intercepts include 4.5 g/t Au over 9.8 metres in OAX-18-241 at 100 m depth and 10.9 g/t Au over 4.5 metres in OAX-18-245 at 300 m depth (See Press Release December 11, 2018). Mineralization at the Bulldog zone is associated with sheared, carbonatized, and sericitized wackes and porphyric dykes containing 1–3% fine disseminated pyrite. The 2020 campaign aims to test the mineralization potential at the Orenada 2 and 4 zones at depth. Historically, the Orenada deposits have only been drilled down to 400 meters. The drill program will also follow up on significant intercepts obtained in 2019 at Pontiac East and Epsilon zones. Finally, exploration and fence drilling will be completed in the eastern part of the property mostly looking for skarn type deposits east of the Akasaba deposit, around the Sabourin intrusion and in the Valdora zone.

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/863dde06-e980-449f ...

- East Cadillac Property (budget ~15,000 metres): This property straddles 6 km of strike length along the prospective Chimo mine horizon containing multiple “staked” gold zones associated with smoky-quartz-arsenopyrite-pyrite veining within sheared, basaltic flows as part of a wide structural corridor related to the Cadillac Larder Lake fault zone. Our campaign will follow-up on historical intercepts by Chalice Gold Mines and previous operators reported historical resources on the Simon West, Nordeau West, Nordeau East, and North Contact zones.

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/550a9db9-e07a-44a5 ...

- Malartic (budget ~10,000 metres): Drilling at Malartic will follow up on selected historical intercepts at Marban NE (31.2 g/t Au over 1.3 m in hole MB-10-101), Malartic H (10.9 g/t Au over 2.3 m in hole MH-10-078) and Gold Hawk zones. Mineralization on the property is associated with narrow high-grade quartz veins emplaced in structural traps, such as faulted fold hinges, within mafic volcanics and, near hematized and albitized dykes within mafic volcanics. The Marban NE zone is located within the same structural corridor hosting the Kiena gold mine about 4 km to the south-east.