Matador Mining : Corporate Presentation - June 2022

onlyuse

personalEXPLORING IN A PROVEN MULTI-MILLION OUNCE GOLD SYSTEM IN NEWFOUNDLAND, CANADA

June 2022

r

ASX: MZZ

OTCQX: MZZMF

FSE: MA3

DISCLAIMER

onlyDisclaimer and Forward Looking Statements

This presentation is not a prospectus nor an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information in this presentation is

an verview and does not contain all information necessary for investment decisions. In

making investment decisions, investors should rely on their own examination of Matador

Mining Limited (Matador or the Company) and consult with their own legal, tax, business

and/or financial advisers in connection with any acquisition of securities or interest in the

Company. The information contained in this presentation has been prepared in good faith useby the Company. However, no representation or warranty, express or implied, is made as to the completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, the Company, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use of, or reliance on, anything contained in or omitted from this presentation. Certain information in this presentation refers to the intentions of the Company, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act 2001 (Cth) or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may alter the Company's actual results, performance or achievements to differ from those referred to in this

presentation	to occur as contemplated. The presentation contains only a synopsis of
personalr
more detailed	information available in relation to the matters described in this document

nd ccordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information and to do so could potentially expose you to a signific nt risk of losing any of the property invested by you or incurring by you of additio al liability. Recipients of this presentation should conduct their own investigation, evaluation and analysis of the business, data and property described in this presentation. In particular, any estimates or projections or opinions contained herein necessarily involve sig ifica t elements of subjective judgment, analysis and assumptions and you should satisfy y urself in relation to such matters.

Mineral Resources

The information in this Presentation that relates to the Mineral Resource estimate for the Cape Ray Gold Project was announced on 6 May 2020. Matador confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 6 May 2020 and that all material assumptions and technical parameters underpinning the Mineral Resource estimate in that announcement continue to apply and have not materially changed.

Scoping Study

The information in this Presentation that relates to the Scoping Study on the Cape Ray Gold Project was announced on 6 May 2020. Matador confirms that all material assumptions underpinning the production target and forecast financial information included in that announcement continue to apply and have not materially changed.

Exploration Results

The information in this Presentation that relates to exploration results at the Cape Ray Gold Project was announced on 6 October 2020, 29 October 2020, 11 November 2020, 16 December 2020, 1 February 2021, 9 February 2021, 17 February 2021, 17 17 March 2021, 12 May 2021, 3 June 2021, 11 August 2021, 26 August 2021, 7 September 2021, 21 September 2021, 12 October 2021, 30 November 2021, 14 December 2021, 7 February 2022, 1 March 2022, 18 March 2022, 20 April 2022, 26 May 2022, 2 June 2022, 6 June 2022 and 8 June 2022. Matador confirms that it is not aware of any new information or data that materially affects the information included in those announcements.

ASX:MZZ | OTCQX:MZZMF | FSE: MA3

matadormining.com.au 2

TOP HOLDERS(3)

STRATEGICALLY PLACED IN NEWFOUNDLAND, CANADA
	STRATEGICALLY PLACED IN NEWFOUNDLAND, CANADA
SOLID EXISTING FOUNDATION WITH NEW VISION & COMMITMENT TO DELIVER SHAREHOLDER VALUE
Existing high-grade, shallow mineral resource		CAPITAL STRUCTURE
only
One of the highest-grade undeveloped resources in a top-tier jurisdiction(1)
	• Resource - 837,000oz Au at 2g/t with 96% < 200m from surface(2)		MARKET	CASH (4)
	• Underpins market capitalisation	CAPITALISATION(3)
	A$35m	A$7m
Significant tenement package on two major gold structures
useCape Ray Shear Zone	SHARES OUTSTANDING(4)	OPTIONS(4)
	• 120km of continuous strike along proven multi-million oz gold structure		217m	29m
	• ~ 88% of strike (105km) with only 25 diamond drill holes

Hermitage Flexure

• 27 kilometres of continuous strike

		• Large area of anomalous gold, arsenic and antimony		CI Financial	Toronto	5.8%
	Fi al frontier for mining in a tier-one jurisdiction		Franklin Resources	San Fran	4.9%
	Newfoundland, Canada - 25km from an established town and deep-water port	Acorn Capital	Melbourne	4.4%
		• Major infrastructure: roads, hydro power, airport		Retail	Various	64%
		• Strong government and stakeholder support
1.	Ave age head grade Yr 1 - 4 - 2.6g/t Au (Scoping Study - May 2020)
2.	ASX announcement 6 May 2020	ASX:MZZ | OTCQX:MZZMF | FSE: MA3		matadormining.com.au 3
3.	As at 6 Jun 2022
4.	As at 31 Mar 2022
personalr

TOP CORPORATE PRIORITIES
only	FOCUSED ON SIGNIFICANT RESOURCE GROWTHS TO MAXIMISE SHAREHOLDER RETURNS
use	1	ADVANCE GREENFIELD EXPLORATION TARGETS AND COMMENCE GREENFIELD DRILLING
2	ENHANCE THE CAPITAL STRUCTURE TO EXPAND ACCESS TO GLOBAL CAPITAL MARKETS
personalr
3	TAKE STRATEGIC AND PRUDENT APPROACH TO EXTERNAL CONSOLIDATION
	4	SUBMIT THE ENVIRONMENT IMPACT STATEMENT TO FURTHER SOLIDIFY MINING ASSET
		ASX:MZZ | OTCQX:MZZMF | FSE: MA3	matadormining.com.au 4

	WELL ADVANCED PROJECT IN NEWFOUNDLAND GOLD RUSH
	HOTTEST GOLD RUSH GLOBALLY
Limited gold exploration in Newfoundland
• Total historical gold production: ~2.3 Moz
•	T tal 2016 drilling: < 70,000 metres
only• T tal 2021 drilling: ~400,000 metres						MARITIME RESOURCES
					HAMMERDOWN PROJECT
							Resource: 0.9Moz
							Mkt Cap(1): A$33M
Major gold discoveries
Marathon Gold (MOZ.TSX) ~A$480M market cap (1)							NEWFOUND GOLD
• Valentine Lake: 4.8Moz @ 1.7 g/t Au							Resource: N/A
								QUEENSWAY PROJECT
			MATADOR MINING			MARATHON GOLD	Mkt Cap(1): A$1,31M
			CAPE RAY GOLD PROJECT
New Found Gold (NFG.TSXV) ~A$1.3BN market cap	(1)	Resource: 840Moz		VALENTINE LAKE PROJECT
				Mkt Cap(1): A$480M
		Mkt Cap: A$35M			Resource: 4.8Moz
use• Q eensway: 19m @ 92.9 g/t Au & 25.6m @ 146.2 g/t Au
				MATADOR MINING
personalr						HERMITAGE PROJECT
					Resource: N/A
Other Newfoundland Gold Explorers
• Multiple TSXV Newfoundland explorers A$30M - A$250M		BIG RIDGE GOLD
	m rket capitalization			HOPE BROOK PROJECT
			Mkt Cap(1): A$31M
				Resource: 0.9Moz
Matador Mining - ASX
• Extensive tenement package on multi-million-oz structure
• Discounted to ASX & TSX exploration peers
• Only stock on the ASX with exposure to Newfoundland
1.	Mark t Capitalisations as at 7 June 2022		ASX:MZZ | OTCQX:MZZMF | FSE: MA3	matadormining.com.au 5