VivaGoldCorp.com

J a n u a r y 2 0 2 5

A Growing Nevada Gold

Development Company

TSXV: VAU | OTCQB: VAUCF | FRANKFURT: 7PB 1

VIVA Gold - Building a mining business

Tonopah Gold Project, Nevada:

Objective is to establish an economically viable open pit, heap leach mine to produce between 50,000 to 75,000 ounces of gold annually, which could generate gross revenues exceeding US$100 million per year at a $2,000 gold price.

Near Term Catalysts:

  • Results from Fall 2024 drill program and 50 drill holes completed since 2022 to be included in a new resource estimate
  • Generate an updated Preliminary Economic Analysis (PEA) that is based on open pit mining with heap leach gold recovery.
  • Include trade-off study between heap leach only and heap leach mill case
  • Progress baseline environmental studies as a foundation for permitting efforts.

Solid Growth And Value Proposition

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VIVA Gold - Key

Fundamentals

  • Tonopah Gold Project located on prolific Walker Lane Gold Trend, western Nevada
  • M&I Resource with substantial exploration upside (See 2024 drill results)
  • High Grade Starter Pit(*) = Low Risk + Rapid Payback
  • 2022 PEA: 25% IRR @ $1,400 Au (after tax) with strong gold price sensitivity to upside
  • Strong and supportive institutional shareholders
  • Experienced management team with successful track record
  • Realistic development timelines to drive substantial shareholder value
  • Location - Mining friendly Nevada

* See 2022 Technical Report announced January 25, 2022

TSXV: VAU

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VIVA Gold - Capital Structure/Shareholders

Capital Structure

as of August 22, 2024

Shares Outstanding

132.7 M

VIVA GOLD

FLOAT

43.4%

19.9%

Stock Options1

7.7

M

Warrants Outstanding2

32.3

M

MGMT & BOARD

2.0%

16.5%

Fully Diluted

172.7

M

Market Capital

~$26

M

  1. Options: 0.3M @ $0.095, exp Dec. 2024; 2.65M @ $0.155, exp Jan 2026; 1.65M @ 0.165 ex . Price, exp June 2026; 0.25M @ $0.125, exp Dec 11, 2026, 2.75M @ $0.165, exp July 24, 2027.
  2. Warrants: 14.9M @ $0.23, exp March 26, 2026; 11.7M @ $0.18 exp Dec 11, 2026; 2.3M @ $0.22, exp July 9, 2027; 4.0M @ $0.22, exp Aug 8, 2027.

9.5% 8.7%

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Experienced Management & Board

CHRISTOPHER HERALD,

Chairman & Director

President, CEO and Director Solitario Resources 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; 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

ADRIAN GOLDSTONE, Director

Currently the Managing Director Technical, Dundee Corporation (DC.A: TSX); From 2006 to 2014, Adrian Goldstone was Vice President of Dundee Precious Metals; BS and MS University of Aukland and has over 35 years of experience in the mining industry.

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World Class Walker Lane Trend

PRODUCTION AND M&A ACTIVITY

Kinross Gold

2023 Round Mountain Mine produced 235k oz Au in 2023: over 15 million ounces produced in project life

2024 Over 2,200 meters of Phase X underground mine development completed with goal of providing feed to existing 11,000 tpd mill as open pit is depleted

Centerra Gold

Feb 2022 Acquired permitted Goldfield District Project ~ US$206M (US$177/Oz Au)

AngloGold

Acquisition + discovery has developed multiple projects with 11.1 million ounces of gold resource and 1.0 M Oz reserve

Sept 2022 Acquired Coeur Mining's Sterling-Secret Pass US$150M ($165/Oz) to consolidate district;

Sept 2021 Acquired Corvus Gold - North Bullfrog and Mother Lode US$450M ($170/Oz)

Augusta Gold

Apr 2022 Acquired Reward Gold Project US$45M ($99/Oz); Sept 2020 Acquired historic Bullfrog Mine ~ US$52M (100% basis)

Round Mountain Mine

Tonopah Gold Project

Three Hills

Goldfields District

North Bullfrog

Silicon, Merlin

Viva Gold

Sterling Mine

Kinross Gold

Bullfrog Mine Reward

Anglo American

Augusta Gold

Centerra Gold

West Vault Mining

Solidus Gold

Walker Lane Trend

Other Gold Trends

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Tonopah Gold Project - Consistent Resource Growth

GOLD OZ.

CONSISTENT GOLD RESOURCE GROWTH

800,000

600,000

400,000

200,000

0

2017*

2018

2019

2020

2022

Measured & Indicated

Inferred

In-Pit Constrained Mineral Resource

(January 1, 2022) (1)(2)(3)(4)

Classification

Tonnes

Au Grade

Contained Ounces

(x1000)

grams/tonne

Ounces

Measured

4,764

0.83

127,000

Indicated

11,440

0.73

267,000

Measured and Indicated

16,204

0.78

394,000

Inferred

7,352

0.87

206,000

Note: does not include 50 drillholes from 2022 to 2024 drill programs

  • Viva acquired Tonopah in March 2017
  1. Donald E. Hulse, P.E., SME-RM, Senior Mining Consultant for WSP USA of Lakewood, Colorado, is the independent Qualified Person responsible for the preparation of the resource estimate. Resources are not reserves and do not have demonstrated economic viability
  2. NI43-101Technical Report on Mineral Resources, Tonopah Project, February 25, 2022
  3. 0.15 g/t cutoff grade for Argillite, 0.20g/t cutoff grade used for Tertiary Volcanic Material
  4. $1,650 Au Pit shell , 45 degree slope in rock, 35 degree slope in gravel

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Tonopah Geology - Excellent Mining Potential

Geologic Long Section Showing Resource Blocks,

Structure and Lithology

West

TVL

A

East

QAL

TVU

TVL

A'

OPA

NW Fault (Mineralizer?)

Discovery Fault (Pre & Post Mineral)

Dauntless Fault (Pre & Post Mineral)

Looking North, 100-meter slice

  • Gold controlled by both lithology and structure over 1.5 Km strike length
  • Intensely oxidized, micro-fine free gold and disseminated gold mineralization
  • Great geometry for open pit mining: gold mineralization occurring from 10 to 200 meters depth in multiple sub-horizonal zones

Resource Block Grades > 5.0 g/t Au

1.0 to 5.0 g/t Au 0.30 to 1.00 g/t Au

QAL = Quaternary Alluvium

TVU = Upper Tertiary Volcanics

TVL = Lower Tertiary Volcanics

OPA = Ordovician Palmetto

Argillite

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X-Section A-A' Discovery Zone Starter Pit Area

$1,650 PEA pit

(yellow)$1,650 PEA pit (yellow)

Block Grade Scale > 5.0 g/t Au 1.0 to 5.0 g/t Au 0.8 to 1.0 g/t Au 0.3 to 0.8 g/t Au

Meters

  • Unique starter pit up to 300 meters wide and 120 meters thick
  • Drilled to Measured and Indicated level, mineralization starts 10 meters below surface gravels
  • 2.4 million tonnes at 1.4 g/t Au (~108,000 Oz)
  • Driver for rapid economic payback on project

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Viva Gold Corp. published this content on January 19, 2025, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on January 19, 2025 at 17:02:01.237.