www.vivagoldcorp.com

September 2023

TSXV: VAU OTCQB: VAUCF Frankfurt: 7PB

VIVA GOLD

INVESTMENT THESIS

Premise:

  • Shareholder value is generated by adding gold ounces and de- risking gold projects for ultimate mine development

Focus:

  • Increase gold resources through drilling
  • De-risking by completing environmental and technical baseline study
  • Advancing project to PFS or Feasibility level
  • Initiating and completing the development permitting process

Goal:

  • Produce a share price re-rating through either direct mine development or sale of assets

TSXV: VAU OTCQB: VAUCF Frankfurt: 7PB

VivaGoldCorp.com

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VIVA GOLD CORP

KEY FUNDAMENTALS

  • Tonopah Gold Project located on prolific Walker Lane Gold Trend, western Nevada
  • M&I Resource with substantial exploration upside (See 2023 drill results)
  • High Grade Starter Pit = Low Risk + Rapid Payback
  • 25% IRR @ $1,400 Au (PEA) - Updated 2023 PEA nearing Completion
  • Experienced management team with successful track record
  • Strong institutional shareholder base
  • Realistic development timelines to drive substantial shareholder value
  • Location - Mining friendly Nevada!

TSXV: VAU OTCQB: VAUCF Frankfurt: 7PB

VivaGoldCorp.com

3

VIVA GOLD

CAPITAL STRUCTURE/SHAREHOLDERS

20%

CAPITAL STRUCTURE

VIVA GOLD

as of 6 Feb 22

FLOAT

Shares Outstanding

106.7 M

40.8%

Stock Options1

6.8 M

MGMT & BOARD

17.8%

2.3%

Warrants Outstanding2

32.2 M

9.6%

Fully Diluted

145.6 M

9.5%

Market Capital

~$17M

  1. Options: 550k @ $0.17 ex. price expire June 2024; 150K @ $0.165 ex. price, expires Aug 24, 2024, 1.75M @ $0.095 ex. price, expires Dec. 2024; 2.75M @ $0.155 ex price, exp Jan 2026; 1.65 M @ 0.165 ex . Price, expired June 2026.
  2. Warrants: 16.4 mil @ $0.25 ex. price, expire June 2024 ; 851,412 @ $0.17 ex. price, expire June 2024; 14.9 mil @$0.23 ex. Price, expire March 26, 2026.

TSXV: VAU OTCQB: VAUCF Frankfurt: 7PB

4

E X P E R I E N C E D MANAGEMENT & BOARD

CHRISTOPHER HERALD, Chairman & Director

President, CEO and Director Solitario Zinc Corp; former Chairman, Denver Gold Group; former positions with Crown Resources, Echo Bay Mines, Anaconda Minerals; M.S. in Geology, Colorado School of Mines; B.S. in Geology, University of Notre Dame

JAMES HESKETH, President, CEO & Director

Former CEO Atna Resources Ltd.; Canyon Resources Corp; former positions with NM Rothschild & Sons, Cyprus Amax Minerals, Pincock, Allen & Holt Inc. and Dresser Industries; B.S. in Mining Engineering, M.S. in Mineral Economics, Colorado School of Mines

STEVEN KRAUSE, CFO

President, Avisar Chartered Accountants; former CFO, Bear Creek Mining; B.B.A., Trinity Western University; Registered CPA, Illinois

ANDY BOLLAND, Director

Former Hatch Ltd, US Director of Mining and Mineral Processing; former Barrick Gold, Director Operations for Barrick Gold of North America; Director of Technical Services; Manager of Processing and Open Pit Mining at Barrick Goldstrike; B.S. Chemical Engineering, Strathclyde University

DAVID WHITTLE, Director

Former CEO, Mountain Province Diamonds; former CFO positions with Glenmore Highlands Inc, Alexco Resources Corp, Hillsborough Resources Limited, and Lytton Minerals Limited; Bachelor Finance, UBC; Chartered Professional Accountant

TED MAHONEY, Director

Consulting Geologist; former Chief Geologist, Kinross Round Mountain Mine; Chief Geologist & Business Development Manager, Barrick North America

TSXV: VAU OTCQB: VAUCF Frankfurt: 7PB

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Viva Gold Corp. published this content on 01 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2023 15:31:05 UTC.