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    WVM   CA95640X1033

WEST VAULT MINING INC.

(WVM)
Delayed Bourse de Toronto  -  03:59 2022-06-24 pm EDT
1.180 CAD   -4.07%
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West Vault Mining : Corporate Presentation – June 2022

06/22/2022 | 12:15pm EDT

Hasbrouck Gold Project

Strong upside, low risk

J u n e 2 1 , 2 0 2 2

W V M - T S X V

W V M D F - O T C Q X

COMPLIANCE WITH NI 43-101 AND CAUTIONARY

STATEMENTS

HASBROUCK PROJECT PRE-FEASIBILITYSTUDY AND MINERAL RESERVE ESTIMATE. This presentation has been prepared by West Vault Mining Inc. ("West Vault", "WVM" or the "Company"). The Hasbrouck Project Pre-feasibility Study and Mineral Reserve Estimate ("Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada - MDA, September 14, 2016" - www.sedar.com) were prepared by Mine Development Associates ("MDA"), with principal authors being Tom Dyer, P.E. and Paul Tietz, C.P.G. of MDA, and with contributions from Herb Osborne of H.C. Osborne & Associates, Metallurgical Eng., SME (metallurgy), Ryan Baker, P.E. of Newfields (civil and heap leach) and Carl Defilippi, SME of Kappes Cassiday & Associates (metallurgy and process design). Each aforementioned person is a "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), is independent of WVM and has reviewed and approved the information in this presentation, as of the time that the Hasbrouck Prefeasibility report was produced and as relevant to the portion of the Hasbrouck Prefeasibility Study for which they are responsible. MDA has reviewed and verified the data disclosed in this presentation to be in conformity with generally accepted CIM"Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines as of the time of the Hasbrouck Prefeasibility Report and to be in accordance with NI 43- 101.

For readers to fully understand the information in this presentation, they should read the Technical Report (available on www.SEDAR.comor at www.westvaultmining.com) in its entirety, including all qualifications, assumptions, and exclusions that relate to the information set out in this presentation that qualifies the technical information contained in the Technical Report. The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of the context of the full Technical Report. The technical information in this presentation is subject to the assumptions and qualifications contained in the Technical Report .

Exploration targets include conceptual geophysical targets, geochemical targets from soil, rock and trench samples, and results from widely spaced drill holes; as a result, the potential size and tenor of the targets are conceptual in nature. There has been insufficient exploration to define mineral resources on these prospects and this data may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Mineral resources exclusive of mineral reserves are reported based on a fixed gold cut-off grade of 0.45 g/t for sulfide and 0.40 g/t for oxide, and in relation to conceptual Mineral Resource pit shells and Mineral Reserve pits to demonstrate potential economic viability as required under NI43-101. Indicated mineral resources exclusive of mineral reserves are reported to demonstrate potential for future expansion should economic conditions warrant. Inferred mineral resources exclusive of mineral reserves are reported to demonstrate potential to increase in-pit production should inferred mineral resources be successfully converted to mineral reserves; mineralization lying outside of Mineral Resource pit shells is not reported as a mineral resource. Mineral resources are not mineral reserves and do not have demonstrated economic viability. These mineral resource estimates include inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated.

References to active mines and other mineral projects is for illustration purposes only. There can be no assurances the Company will achieve comparable results.

Historical Estimate: This presentation contains information on a historical estimate for Hill of Gold deposit prepared in 1996 (the "Historical Estimate") for prior owners (Eastfield Resources). A qualified person has not done sufficient work to classify the Historical Estimate as current mineral resources or mineral reserves under National Instrument 43-101 Standards for Mineral Projects ("NI 43-101") and West Vault is not treating the Historical Estimate as current mineral resources or mineral reserves. West Vault cautions that the Historical Estimate is not NI 43-101 compliant. There can be no certainty, following further evaluation and/or exploration work, that the Historical Estimate can be upgraded or verified as mineral resources or mineral reserves in accordance with NI 43-101.

This presentation has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101, and has been reviewed and verified by Sandy McVey P.Eng., West Vault's Chief Executive Office and a non-independent Qualified Person as defined by NI 43-101 as conforming to NI 43-101

2022-06-21-WVM-Presentation

2

FORWARD-LOOKING STATEMENTS and CAUTIONARY

NOTE TO US INVESTORS

FORWARD-LOOKINGINFORMATION. This presentation contains forward-looking information or forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information in this presentation includes, without limitation, the statements regarding the ability to achieve the recoveries and the processing capacity of the mines; regulatory processes and permitting; estimates of gold or other minerals grades; anticipated costs, anticipated sales, project economics, the realization of expansion and construction activities and the timing thereof; production estimates and other statements that are not historical facts. Information concerning mineral reserve estimates and the economic analysis thereof contained in the prefeasibility study are also forward-looking information in that they reflect a prediction of the mineralization that would be encountered, and the results of mining it, if a mineral deposit were developed and mined. Although West Vault believes that such timing and expenses as set out in this presentation are reasonable, it can give no assurance that such expectations and estimates will prove to be correct. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for gold or other minerals that may be produced generally, significant increases in any of the machinery, equipment or supplies required to develop and operate a mine, a significant change in the availability or cost of the labor force required to operate a mine, a significant increases in the cost of transportation for the Company's products, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

CAUTIONARY NOTE TO U.S. INVESTORS REGARDING THE USE OF MINING TERMS. This presentation has been prepared in accordance with the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all reserve estimates included in this presentation have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC") S-K 1300, and resources and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, "resources" or "reserves" established under NI 43-101 standards may not qualify as "resources" or "reserves" under U.S. standards. Under U.S. standards,

mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the

time the reserve determination is made. In addition, under U.S. standards, a "Final" or "Bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in-place tonnage and grade without reference to unit measures. Accordingly, information concerning mineral deposits set forth in this presentation may not be comparable with information made public by companies that report in accordance with U.S. standards.

2022-06-20-WVM-Presentation

3

Our Strategy - Chairman's Statement

"We are patient believers in the secular strength of gold and believe that we are re-entering a period of rising gold prices"

"At the right point in the cycle, WVM will go from being undervalued to fully-valued"

"To maximize return to shareholders, we will not build or sell until fully-valued and gold is higher"

Hasbrouck in-situ gold is less expensive to hold, more attractive, and more leveraged than gold in a vault."

"Hasbrouck is an in-situ gold vault" - Peter Palmedo

4

Why we say WVM is undervalued today -

  • Permitted projects in good jurisdictions typically 0.45 times NPV5*
  • Today WVM trades at about 0.2 times NPV5**
  • Projects at first-pour-of-gold typically 1.0 times NPV5*
  • Thus WVM has considerable upside, even at today's gold price
  • plus further upside as gold price rises
    • "Market Multiples of Preproduction Gold Projects as of Sep 1 2021" - Joel Schneyer, Capstone Partners, presentation to SME, 2021
    • At $1,900 gold per Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada - MDA, September 14, 2016. www.sedar.com

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

West Vault Mining Inc. published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2022 16:14:08 UTC.


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Sales 2021 - - -
Net income 2021 -1,89 M -1,46 M -1,46 M
Net cash 2021 7,15 M 5,53 M 5,53 M
P/E ratio 2021 -31,4x
Yield 2021 -
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EV / Sales 2021 -
Nbr of Employees 11
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Managers and Directors
Sandy A. McVey Chief Executive & Operating Officer
Frank R. Hallam Chief Financial Officer & Secretary
Peter Franklin Palmedo Chairman
Pierre Bruno Lebel Independent Director
Kevin Falcon Independent Director
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