GCM Mining : Corporate Presentation – February 2022

Mid-Tier Latin American Gold Producer

TSX: GCM	OTCQX: TPRFF	www.gcm-mining.com	February 2022 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 | February 2022

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 | February 2022

Select Equity

Investments

Growth Through Diversification		27% equity interest
Segovia Operations		Toroparu Project		TSX-V: DSLV
		Lomero Spain
Colombia		Guyana
100% ownership		100% ownership		Guia Antigua Colombia
		One of the Largest Undeveloped Gold Deposits in		Zancudo Colombia
High-Grade Underground Mines
	the Americas
One of the Top 5 Highest-Grade Underground Global		8.4 Million Ounces M&I Gold Resources;
Gold Mines. 12.84 g/t in 2021		5.4 Mozs Au recovered over 24 years in PEA
2021 Production 206,389 ozs; 1.5 Million Ounces Over		Advanced Development Stage Project with Key
Last 11 Years		Permits in Place		44% equity interest
RPP Title in Historic Mining District with Significant		2020/2021 Drilling Identified Higher-Grade Gold		TSX: ARIS
Exploration Upside		Structures Being That Have Been Incorporated in a
		New Geologic Model in the December 2021 PEA		Marmato Colombia
60,000 m of Drilling in 2021 at Existing Mines and
	Guyana is Poised to be the World's Fastest
Brownfield Targets in the Mining Title		Growing Economy According to the IMF		Juby Ontario

GCM Mining | Corporate Presentation | February 2022

TSX: GCM | OTCQX: TPRFF |

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Capital Structure

Exchanges

TSX: GCM

OTCQX: TPRFF

Market Capitalization

CA$509.1 million (1)

Common Shares

97.7 million

Fully Diluted

131.8 million shares

52 Week High/ Low

CA$8.40/ CA$4.50

NCIB(2)

Commenced October 20, 2021

Bought back and cancelled 284,201 shares in January 2022; 856,902 cumulative

$10.00 $8.00 $6.00 $4.00 $2.00 $0.00

Warrants

GCM.WT.B: 10.3 million @ CA$2.21 (2024 expiry)

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

Stock Options

3.1 million @ CA$2.55 to CA$6.88 (2022-2027expiry)

Convertible Debentures

CA$3.8 million @ CA$4.75 (2024 expiry)

Senior Unsecured Notes due 2026

US$300 million at 6.875% coupon

1,000,000

800,000

600,000

400,000

200,000

0

Volume Close

(1) Based on CA$5.21 at close on February 1, 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 | February 2022

TSX: GCM | OTCQX: TPRFF |

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