Sunshine Gold : Brisbane Resources Industry Presentation

Brisbane Resources Industry Discussion

5 April 2022

TITOV CU-AU-AG-MO, RAVENSWOOD WEST PROJECT

ASX: SHN

Disclaimer & Disclosure

This presentation includes forward-looking statements. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. Although Sunshine Gold Ltd. ("Sunshine Gold ") believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

This presentation has been prepared by Sunshine Gold for the purpose of providing an overview of its current prospects and development strategy to recipients. This presentation and its contents are provided to recipients in confidence on the basis that it may not be reproduced or disclosed in whole or in part to any other person, without the written consent of Sunshine Gold.

This presentation is provided on the basis that neither Sunshine Gold nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers, make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in this presentation and nothing contained in the presentation is, or may be relied upon, as a promise, representation or warranty, whether as to the past or the future. Sunshine Gold hereby excludes all warranties that can be excluded by law.

All persons should consider seeking appropriate professional advice in reviewing the presentation and all other information with respect to Sunshine Gold and evaluating the business, financial performance and operations of Sunshine Gold. Neither the provision of the presentation nor any information contained in the presentation or subsequently communicated to any person in connection with the presentation is, or should be taken as, constituting the giving of investment advice to any person.

All amounts shown are in Australian dollars unless otherwise stated.

Gold Intercepts use a nominal 0.5 g/t Au lower cut off and incorporate up to 3m of internal dilution. Copper and molybdenum intersections are reported using a 0.1% Cu lower cut off and can include a maximum of 3m consecutive dilution providing grade is carried.

Corporate Overview

Corporate Information

Board of Directors

Share Price $0.044

ASX Code

Shares on Issue 619.7M

Performance Securities 58.5M

Unlisted Options Ex $0.03 67.3M

Market Capitalisation $27.3M

Cash (31 Dec 2021) $4.9M

Chairman, CoSec and CFO B.Comm, MAICD, FGIA, FCIS

Top 20 Holders 56.5%

• Directors 28.8%

Directors' Investment To Date $2.7MAlec Pismiris

Paul Chapman

Non-Executive Director

B.Comm, ACA, Grad. Dip. Tax, MAICD, MAusIMM

Les Davis

Non-Executive Director MSc (Min. Economics)Geologist with over 20 years mining and exploration experience. Led teams to exploration success at Spectrum Metals, Black Cat Syndicate, Silver Lake Resources and Gold Fields Australia.

Current directorships with Agrimin, Market Herald and TSX listed Pacton Gold.

Significant experience in capital markets for ASX listed companies and unlisted public companies, providing IR services and assisting boards with development of strategic plans.

Founding Chairman of Silver Lake Resources, directorships with Reliance Mining, Rex Minerals and Avanco Resources. Currently Chairman of Encounter Resources, Black Cat Syndicate and Dreadnought Resources.

45 years Resource Industry experience, founding Managing Director of Silver Lake Resources in 2007, director of Spectrum Metals in 2019 and currently Director of Black Cat Syndicate.

Investment Case

• • Large land holding in under explored Tier 1 jurisdiction

  •  Limited historical work on 4 highly prospective project areas

• • Leverage to multiple high value metals

  •  Gold, Copper, Molybdenum, Silver, REE

• • Well funded and highly active explorer

  •  $4.9m cash (31 Dec 2021), ~24km drilled since Dec 2020

• • 118 koz maiden JORC gold Resource at Triumph

  •  $24.22 /oz (acquisition & discovery cost)

• • Emerging Cu-Ag-Mo system at Titov, Ravenswood West

  •  RC drilling April 2022

• • REE (Nd,Pr) & Au at Elphinstone Creek, Ravenswood West

  Diamond drilling at Triumph

  •  Soils and mapping recommenced

Project Portfolio

TRIUMPH GOLD PROJECT (100%)

• • 15km² intrusion related gold/orogenic system under shallow alluvial cover

• • 2 granted EPM's, spanning 138 sqkm

• • Maiden JORC Resource 118koz @ 2.03 g/t Au

RAVENSWOOD WEST Au, Cu, Ag, Mo & REE PROJECT (100%)

• • Prospective for porphyry Cu-Au-Mo, intrusion-related Au and REE

• • 6 granted EPM's spanning 446 sqkm, 2 EPMA 222 sqkm

• • 15km long Cu-Au-Ag-Mo corridor defined from Titov to Keans

• • Significant REE-Au anomalism at Elphinstone Creek

INVESTIGATOR COPPER PROJECT (100%)

• • Greenfields project in the world-class Mt Isa Inlier

• • Same stratigraphic and structural setting as the Capricorn Copper Mine

• • 2 granted EPM's covering 115 sqkm

• • First fieldwork completed Feb 2022

HODGKINSON GOLD PROJECT (100%)

• • Highly prospective structural environment along 3 major regional shears

• • 6 granted EPM's covering 365 sqkm

• • 5,500 line km airborne magnetic survey flown November 2020

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