Mid-Tier Latin American Gold Producer

TSX: GCM

OTCQX: TPRFF

www.gcm-mining.com

December 2021 Presentation

Disclaimer

Forward-Looking Statements

This presentation contains "forward-looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects, and, specifically, statements concerning anticipated growth in annual gold production, future cash costs, AISC and All-in costs, future G&A and capex, free cash flow, future repayments of its gold-linked notes, and other statements that are not historical facts. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this presentation and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

All amounts are denominated in U.S. dollars, unless indicated otherwise.

GCM Mining | Corporate Presentation | December 2021

TSX: GCM | OTCQX: TPRFF

GCM Mining At A Glance

Overview

  • Emerging mid-tier Latin American gold producer.
  • Successful operational improvements in the last seven years.
  • Segovia is one of the highest-grade global underground gold mines.
  • Strong profit margins and low-cost structure.
  • Paying a monthly Dividend with an annual yield equivalent to > 3%.
  • Project portfolio adds diversification and scale.
  • Robust balance sheet. Fully funded to build Toroparu.
  • Updated Mineral Resource estimate and positive PEA for Toroparu announced on December 1, 2021.
  • Seasoned team with proven track record and experience in Latin America.
  • Proven long-term ESG strategy.

Two Cornerstone Assets: The Path to

> 400,000 Ounces

GCM Mining | Corporate Presentation | December 2021

Growth Through Diversification

Latin American Gold Producer

Segovia Operations

Toroparu Project

Colombia

Guyana

100% ownership

100% ownership

High-Grade Underground Mines

One of the Largest Undeveloped

Gold Deposits in the Americas

One of the Top 5 Highest-Grade

8.4 Million Ounces M&I Gold

Underground Global Gold Mines.

Resources; 5.4 Mozs Au

14.5 g/t in 2020

mineable over 24 years

2020 Production 196,000 ozs;

Advanced Development Stage

1.3 Million Ounces Over Last

Project with Key Permits in Place

10 Years

RPP Title in Historic Mining

2020/2021 Drilling has Identified

Higher-Grade Gold Structures

District with Significant

Being Incorporated in a New

Exploration Upside

Geologic Model

60,000 m of Drilling in 2021 at

Guyana is Poised to be the

Existing Mines and Brownfield

World's Fastest Growing

Targets in the Mining Title

Economy According to the IMF

Select Equity Investments

44% equity interest

TSX: ARIS

Marmato Juby

ColombiaOntario

27% equity interest

TSX-V: DSLV

Lomero

Guia Antigua

Zancudo

Spain

Colombia

Colombia

GCM Mining | Corporate Presentation | December 2021

TSX: GCM | OTCQX: TPRFF |

4

Capital Structure

Exchanges

TSX: GCM

OTCQX: TPRFF

Market Capitalization

Warrants

CA$494.4 million (1)

GCM.WT.B: 10.4 million @ CA$2.21 (2024 expiry)

Common Shares

Unlisted: 16.9 million @ CA$1.90 to CA$6.50 (2022-2024expiry)

98.5 million

Stock Options

52 Week High/ Low

2.5 million @ CA$2.55 to CA$6.88 (2022-2026expiry)

CA$8.40/ CA$4.50

Convertible Debentures

Fully Diluted

CA$18 million @ CA$4.75 (2024 expiry)

132.1 million shares

NCIB(2)

Senior Unsecured Notes due 2026

Commenced October 20, 2021

US$300 million at 6.875% coupon

1,000,000

$10.00

800,000

$8.00

600,000

$6.00

400,000

$4.00

200,000

$2.00

0

$0.00

Volume

Close

(1) Based on CA$5.02 at close on November 30, 2021.

(2) The NCIB will allow the Company to purchase for cancellation up to 9,570,540 Shares of the Company over a 12-month period.

GCM Mining | Corporate Presentation | December 2021

TSX: GCM | OTCQX: TPRFF |

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GCM Mining Corp. published this content on 07 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2021 14:11:07 UTC.