ES Gold May12

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# ES Gold May12

Source: https://esgold.com/wp-content/uploads/2026/05/ES_Gold_May12.pdf
Published: 2026-05-12T00:00:00+00:00
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# ES Gold May12
CSE: ESAU OTCQB: ESAUF FSE: Z7D
MONTAUBAN GOLD-SILVER PROJECT
A fully permitted, fully funded tailings to cash operation in Québec,
Canada. Advancing toward near-term gold and silver production from
historic tailings while advancing district-scale exploration potential
Q2 2026
FORWARD-LOOKING STATEMENTS
This presentation contains certain statements that may be deemed “forward-looking statements”. All statements, other than
statements of historical fact, that address events or developments that ESGold Corp. expects to occur, are forward-looking
statements.
Forward-looking statements are statements that are not historical facts and are generally, but not always identified by the words
“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or
conditions “will”, “would”, “may”, “could” or “should” occur. Although ESGold believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not guaranteeing future performance and actual
results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ
materially from those in forward looking statements include market prices, exploration and production successes or failures,
continued availability of capital and financing, inability to obtain required shareholder or regulatory approvals, and general economic
market or business conditions.
Forward-looking statements are based on the beliefs, estimates and opinions of ESGold’s management on the date the statements
are made.
This presentation has been reviewed by QP, Andre Gauthier, (BSC in Geology Eng., MSC) of EvalMinerals
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 1
WHY ESGOLD NOW?
ESGold offers a fully funded tailings reprocessing Strong, predictable cash-flow beginning in 2026
opportunity in Canada, with meaningful district-
scale exploration upside.
Fully funded to commissioning and first gold production
The Montauban project is driven by a large, well-
defined tailings resource supported by modern
105% pre-tax IRR and <2-year payback from a
drilling, QAQC and metallurgical testing.
fully permitted tailings reprocessing operation
Integrated 3D modelling has identified a deep
mineralized corridor extending ~900 metres
vertically and over 2 kilometres of strike, Located in Québec, one of Canada’s premier mining
remaining open beyond current survey limits. jurisdictions with abundant low-cost hydro power
prompting ESGold to expand its land package to
secure additional prospective ground.
The result is a short-path, low-CAPEX operation
$44.5M pre-tax NPV (5%) based on the 2025 PEA
with meaningful long-term scalability.
Expanded land package to 485 claims covering
~244km² (24,414 ha) around Montauban
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 2
LEADERSHIP TEAM
ESGold is led by a team with deep operating, engineering, and
capital markets experience in Canada’s mining sector.
Collectively, the team brings decades of execution across
permitting, construction, and mine operations: critical capabilities
for a reprocessing project entering its production phase.
Gordon Robb Paul Mastantuono Jason Tong
CEO & Director COO & Director CFO
Peter Espig Andre Gauthier Edmond St-Jean Claude Duplessis
Director Director Engineering Consultant P.Eng (QP)
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 3
CAPITAL STRUCTURE
As of March 2026
30%
25% Friends & Affiliates
Issued & Outstanding 110,441,002 Family Offices
Options Outstanding 2,779,000 Institutional
Warrants 38,148,028*
Management
Fully Diluted Issued 151,404,030
& Outstanding Public Float
7%
Avg Warrant Price: ~$0.72
30% 8%
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 4
MONTAUBAN PROJECT
Fully permitted and fully funded, targeting operations in 2026
Mill building completed for 1000 ton/day processing capacity
Montauban is a fully permitted, fully funded
tailings reprocessing project designed to produce Integrated 3D model identifies a mineralized corridor
gold, silver, and mica from historic mine waste, extending ~900 m depth and over 2 km of strike,
with district-scale exploration upside supported widening at depth and open beyond current coverage
by integrated 3D ANT modelling.
A low-capex, low-risk operations leveraging
existing infrastructure. Tailings-to-cash forms the
foundation of ESGold’s strategy. Land position expanded to 485 claims covering
~24,414hectares (244 km²)
Expanded ANT survey planned over ~70 km² with step-
out drilling anticipated spring 2026 (subject to
permitting/logistics)
Tailings production provides potential cash flow to
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D support exploration and reduce reliance on dilution 5
LOCATION
Located in Montauban Township, near Québec City and 80 km from Québec City Proximity to skilled labour
Trois-Rivières, the project benefits from the following
60 km from Trois-Rivières Mining-friendly jurisdiction
points. This combination enables one of the most cost
effective reprocessing environments in Canada. Low-cost hydroelectric power with strong local support
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 6
20,000 SQ FT
processing facility and laboratory
INFRASTRUCTURE
& CONSTRUCTION STATUS 1.3 KM
Of service hydropower
Mill building completed and project
advancing toward commissioning.
Current capacity rated for 1000 tons per day.
ALL-WEATHER
Roads & site access
FULLY PERMITTED
For construction & operation
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 7
MONTAUBAN MINE PAST PRODUCTION
1913-1944* 1948-1955* 1983-1990†
tons zinc 77,000 39,600 -
tons lead 24,000 15,600 -
oz. gold 40,000 16,876 92,553
oz. silver 4,000,000 2,647,517 323,376
* Source : Jean Depatie for Boiville Ressources Ltd
† Source : Genivar Inc. for MRNQ Ancon Shaft Entrance
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 8
DRILLING & QAQC COMPLETED
Comprehensive drilling and verification work has been
completed across the tailings zones. This dataset forms the
basis for the 2025 NI 43-101 resource estimate and supports
high confidence in tonnage and grade distribution.
352 drillholes
1,654 m total drilling
1,170 sampled intervals (1,498 m)
35 trenches (77 m total)
Independent QAQC including blanks, standards, and re-analysis
Assays completed by SGS Québec
PEA economics support strong near-term cash
flow potential and short payback profile.
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D
TAILINGS MINERAL RESOURCES AT MONTAUBAN – PEA 2025
The mineral resources estimate for the Montauban and
Notre-Dame-de-Montauban Tailings
Au (g/t) Ag (g/t) Tonnes Au Oz Ag Oz
MONTAUBAN TAILINGS
Indicated 0.4 31 603,700 7,800 610,350
Inferred 0.34 28 292,000 3,150 258,900
NOTRE-DAME-DE-MONTAUBAN TAILINGS
Inferred 1.21 137 27,300 1,050 120,200
Total Indicated 0.4 31.45 603,700 7,800 610,350
Total Inferred 0.41 36.93 319,300 4,200 379,100
Micas (%) Tonnes Micas (t)
Inferred Micas AL1 9 571,900 51,500
Inferred Micas Tetreault_2 4 142,900 5,700
Total Micas Inferred 8.0 714,800 57,200 Photo: Plan view showing block model, color coded by gold grade (Au g/t)
Notes:
The Mineral Resources provided in this table were estimated by M. Rachidi P.Geo., and C. Duplessis, Eng., (QPs) of GoldMinds Geoservices Inc., using current Canadian Institute of Mining, Metallurgy and Petroleum ( CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines.
Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resourc es may be materially affected by environmental, permitting, legal, title, market or other relevant issues. The quantity and grad e of reported Inferred Mineral Resources are uncertain in nature
and there has not been sufficient work to define these Inferred Mineral Resources as indicated or Measured Mineral Resources. There is no certainty that any part of a Mineral Resource will ever be converted into Mineral Reserves.
The database used for this mineral estimate includes drill results obtained from 2010, 2018 and 2022 drill programs as well as the 2 02 2 expl oration works.
For the Montauban tail ings (Anacon Lead 1, Tetreault 1, Anacon Lead 2 & Tetreault 2) the mineral resource presented here were estimated with a block size of 3mE x 3mN x 1.5mZ. The blocks were interpol ated from equal length composites (1.5 metre) calculated from the mineralized intervals. Prior to compositing, high-
grade gold assays were capped to 3 g/t Au and 125 g/t Ag. The mineral estimation was completed using the inverse distance to the square methodology utilizing three passes. For pass 1 and pass 2 minimum of 2 composites and maximum of 05 composites with a maximum of 1 composites from the same drillhole (a
minimum of two drillholes are needed to estimate blocks). For pass 3 minimum of 2 composites and maximum of 5 composites were used. The Indicated resources classified using a minimum of two drillholes within 20 m of each other or less were used. The inferred resources were cl assified by a minimum of two
drillhol es within 50m of each other or less. Tonnage estimates are based on a fix density of 1.52 tonnes per cubic metre.
For the N otre-Dame-De-Montauban tailings the mineral resource were estimated with a block size of 0.5mE x 0.5mN x 0.5mZ. The blo cks were interpol ated using central composites calculated from the mineralized intervals. Prior to compositing, assays were not capped. The mineral estimation was completed using the
polygon method. The resources cl assifiedtable below. The formul a as inferred and the tonnage estimates are based on a fix density of 1.5 tonnes per cubic metre.
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 10
TAILINGS RESOURCE
SUMMARY
The 2025 PEA defines a significant gold and
silver resource within the Montauban tailings. Process the mine tailings in Notre-Dame-de-Montauban
This inventory underpins the project’s near-term
production profile and cash-flow potential.
Effective Date: September 2025 Stop water contamination
Au Ag
89.3% Gold Recovery 77% Silver Recovery Reuse of neutralized tailings
Restoration of mine tailings sites to their natural state
INDICATED INFERRED
Creation of approximately 30 jobs
603,700 tonnes @ 0.40 g/t Au & 319,300 tonnes @ 0.41 g/t Au
31.45 g/t Ag & 36.93 g/t Ag
6,950 oz Au & 3,800 oz Au &
470,050 oz Ag contained 291,200 oz Ag contained The Vision: A zero-waste mine
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 11
SURFACE PILLAR RESOURCE EVALUATION – HISTORICAL REPORT
Pillars contain documented
Limited Modern Exploration high-grade mineralization
The Montauban deposit and surrounding Historical evaluations reported gold and silver
surface pillars have not been evaluated using grades in both the North and South Zones,
modern exploration techniques or today’s including 2.80 g/t Au and 15.00 g/t Ag in the
geological modelling methods. North Zone and 6.10 g/t Au and 94.00 g/t Ag in
the South Zone.
Historical production VMS-style clustering indicates
focused on base metals broader potential
Earlier mining at Montauban targeted lead and The clustering of volcanogenic massive
zinc, with gold and silver recovered sulphide related mineralization suggests strong
intermittently. The last operator in the 1980s potential to identify additional zones beyond
stopped production when gold prices fell below those historically mined.
400 dollars per ounce, rather than due to a lack
of mineralization.
ZONE MT Au (g/t) Ag (g/t)
North Zone* 274,500 2.80 15.00
South Zone* 114,473 6.1 94
Total: 388,973 3.76 (47,198 oz) 38.33 (480,998 oz)
CSE: ESAU | OTCQB: ESAUF | FSE: Z7D 12
3D ANT MODEL CONFIRMS DISTRICT-
SCALE UPSIDE AT MONTAUBAN
ESGold has completed an integrated 3D geological
model combining Ambient Noise Tomography
(ANT) imaging with historical drilling and mine data,
revealing a deeper an

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