Outcrop Silver & Gold : Corporate Presentation – November 2021

TSX.V: OCG

OTCQX: OCGSF

DB: MRG1

Drilling the High-Grade Santa Ana

Silver and Gold Project in Colombia

NOVEMBER 2021

FORWARD LOOKING STATEMENT

Certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including the following statements: the ability of Outcrop Gold to make discoveries and develop resources; the anticipated economic potential of the concessions; the availability of capital and finance for the Company to execute its commitments and strategy going forward. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and perception of current conditions and expected future developments, as well as other factors that the Company believes are appropriate in the circumstances. Many factors could cause the Company's results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; political and foreign risks; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Persons reviewing this presentation are cautioned not to place undue reliance on forward-looking statements due to inherent uncertainty therein. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

The scientific and technical information contained in this presentation has been reviewed by Joseph P Hebert Bsc. P. Geo, who is a "Qualified Person" as defined under National Instrument 43-101 and considered verified and accurate from either the Technical Report "Santa Ana Property, Tolima Department, Colombia: Author (QP) Jack King ; Dated March 15, 2021, with additional data information from exploration work in 2020 and 2021.

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WHY OUTCROP?

High-grade

• Santa Ana is the highest-gradesilver project in Colombia.
• Spanish Colonial mining camp with up to 17 kg Ag/t over 1.4 m recorded.
• Outcrop drilled 10.8 kg eq Ag/t over 1.0 m.
• Close-spacednarrow vein packages can be composited together up to 15 m at 450 g eq Ag/t.

Strong Upside

• World class silver-gold vein system containing 60 km of veins.
• Seven high-grade shoots discovered to date.
• Less than 10% of projected vein system tested.
• +15,000 m of drilling planned in 2021 -
  2022.
• Moving project towards maiden resource estimate decision after 12 shoots are discovered.

Experienced

Team

• Significant experience making discoveries and developing projects in Colombia and Latin America.
• Strong social programs in place to maintain social license and support for exploration.

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COLOMBIA

Ranked one of the most attractive jurisdictions for mining investment in Latin America in 2020

"The most attractive Latin American and Caribbean jurisdictions for mining investment in 2020 were Colombia (28th), followed by Chile (30th), and Peru (34th)."

Fraser Institute Investment Ranking 2020

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MANAGEMENT

JOSEPH HEBERT, B.S. Geology

President, Chief Executive Officer and Director

Mr. Hebert is credited with assisting in multiple gold discoveries in Nevada and Utah over the course of his 36-year career and was instrumental in assembling the company's Colombian exploration staff and portfolio. In 2004 Mr. Hebert drilled the first hole in ET Blue, now Goldrush on the Barrick's Cortez Mine Project. He is also credited with the Mallaha Creek discovery at Jerrit Canyon, NV, and discoveries in the Goldstrike District, UT. Prior to Outcrop, Mr. Hebert worked overseas by contract in Generative Exploration in Mongolia, Colombia and Suriname.

LISA PETERSON

Chief Financial Officer

Ms. Peterson brings over 13 years' experience within the mining, renewable energy, infrastructure, and professional services industries. Most recently, she served as Vice- President of Corporate Reporting & Global Accounting at SkyPower Global, a large-scale, international, renewable energy developer, and provider. Ms. Peterson also spent 3 years at Barrick Gold Corporation as Chief of Staff Capital Projects and Chief of Staff of the Frontera District in Argentina. In these roles, she helped advance large-scale projects, liaised with stakeholders and joint venture partners, and performed value assurance reviews on the companies' operating and expansion assets. Prior to her role at Barrick, Ms. Peterson spent 5 years with KGHM leading their international Corporate Reporting group.

JESUS VELADOR

Vice President of Exploration

Dr. Velador is a Professional Geoscientist with over twenty years' experience with major and mid-tier mining companies including, MAG Silver (TSX:MAG), First Majestic (TSX:FR) and Fortuna Silver Mines (TSX:FVI). Most notably, his work with Fresnillo-MAG Silver in 2004 was instrumental in the discovery of the principal high-grade Valdecañas Vein at the Juanicipio Project, which is nearing production. Mr. Velador earned a B.Sc. from the University of Chihuahua, an M.Sc from the University of Texas at El Paso and a

Ph.D (Epithermal deposits) from the New Mexico Institute of Mining and Technology.

MELISSA MARTENSEN

Corporate Secretary

Melissa Martensen is an experienced administrator with over 12 years as a corporate secretary, primarily in junior mining companies. Prior to transitioning to junior mining, she worked in private banking at RBC. Ms. Martensen graduated with a degree in finance from UNBC in Prince George. She is a member of the Governance Professionals of Canada.

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