corporate presentation

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# corporate presentation

Source: https://firstmininggold.com/_resources/presentations/corporate-presentation.pdf?v=050303
Published: 2026-05-04T00:00:00+00:00
Fetched: 2026-05-05T09:33:02.269+00:00
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# corporate presentation
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
www.firstmininggold.com
Corporate Presentation
May 2026
TSX: FF | OTCQX: FFMGF | FRANKFURT: FMG | www.firstmininggold.com |0
FORWARD LOOKING STATEMENTS
This presentation includes certain “forward-looking information” and “forward-looking statements” (collectively assumptions and estimates expressed above do not occur as forecast, but specifically include, without limitation:
“forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation (i) the risk that the Company’s business, operations and financial condition may be materially adversely affected
including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private
made as of the date of this presentation. Forward- looking statements are frequently, but not always, identified by actors to such outbreaks; (ii) risks to the health and safety of the Company’s employees and consultants as a
words such as “expects”, "anticipates”, “believes”, “plans”, “projects”, “intends”, “estimates”, “envisages”, result of the outbreak of epidemics, pandemics or other health crises, that may result in a slowdown or temporary
“potential”, “possible”, “strategy”, “goals”, “objectives”, or variations thereof or stating that certain actions, suspension of operations at some or all of the Company’s mineral properties as well as its head office; (iii) the risk
events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any that the Company will not be successful in completing additional acquisitions; (iv) risks relating to the results of
of these terms and similar expressions. exploration activities; (v) risks relating to the ability of the Company to enter into joint venture, earn-in, royalty or
streaming structure agreements, or to dispose of its mineral properties; (vi) developments in world metals
Forward-looking statements in this presentation relate to future events or future performance and reflect current
estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, markets; (vii) risks relating to fluctuations in the spot and forward price of gold, silver, base metals or certain other
commodities; (viii) risks relating to fluctuations in the Canadian dollar relative to the US dollar; (ix) the speculative
statements with respect to: (i) First Mining Gold Corp.’s (“First Mining” or the “Company”) business strategies nature of mineral exploration and development; (x) risks and hazards associated with the business of mineral
and objectives, including plans, opportunities, expectations and intentions; (ii) the timing and amount of planned
and future exploration and expenditures and the possible results of such exploration; (iii) the estimated amount exploration, development and mining (including environmental hazards, industrial accidents, unusual or
unexpected formations, pressures, cave-ins and flooding); (xi) availability of necessary financing and any
and grade of mineral resources and mineral reserves at the Company’s projects; (iv) timing for the receipt of any increases in financing costs or adverse changes to the terms of available financing, if any; (xii) changes in
milestone-based payments in the transaction with NexGold Mining (“NexGold”), from Big Ridge Gold Corp. (“Big
Ridge”) and from Seva Mining Corp. (“Seva”); (v) non-GAAP valuations regarding any future cash and/or share regulations applying to the development, operation, and closure of mining operations from what currently
exists; (xiii) the effects of competition in the markets in which First Mining operates; (xiv) operational and
payments that the Company expects to receive from NexGold, Big Ridge or Seva; (vi) the Springpole PFS infrastructure risks; (xv) risks relating to variations in the mineral content within the material identified as mineral
representing a viable development option for the Company’s Springpole gold project; (vii) construction of a mine
at the Springpole project and related actions, including dewatering activities; (viii) estimates of the capital costs of resources from that predicted; (xvi) increases in estimated capital and operating costs or unanticipated costs with
respect to any of the Company’s mineral projects (xvii) difficulties attracting the necessary work force; (xviii) risks
constructing mine facilities and bringing a mine into production, of sustaining capital and the duration of financing relating to receipt of permits and regulatory approvals; (xix) delays in stakeholder negotiations (including
payback periods related to the Springpole project; (ix) the estimated amount of future production, both produced
and metal recovered, from the Springpole project; (x) life of mine estimates and estimates of operating costs, all- negotiations with affected local and Indigenous communities of interest around our material projects); (xx) tax
rates or royalties being greater than assumed; (xxi) changes in development or mining plans due to changes in
in sustaining costs and total costs, net cash flow, net present value and economic returns from an operating mine logistical, technical or other factors; (xxii) changes in project parameters as plans continue to be refined (xxiii)
constructed at the Springpole project; (xi) the advancement of permitting activities and applications related to the
Springpole project; (xii) the timing for submitting an Environmental Impact Statement in respect of the Springpole management’s discretion to alter the Company’s short and long-term business plans; (xxiv) the additional risks
described in First Mining’s Annual Information Form for the year ended December 31, 2024 filed with the
project and all dates that relate to the permitting timeline for the project; (xiii) the results of the Preliminary Canadian securities regulatory authorities under the Company’s SEDAR+ profile at www.sedarplus.ca, and in First
Economic Assessment (“PEA”) completed for the Duparquet Gold Project (“Duparquet”), including the economic
potential and merits thereof and the PEA is preliminary in nature, that it includes inferred mineral resources that Mining’s Annual Report on Form 40-F filed with the SEC on EDGAR.
are considered too speculative geologically to have the economic considerations applied to them that would First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying
enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized; (xiv) the on our forward-looking statements to make decisions with respect to First Mining, investors and others should
estimated capital and operating costs, production, cash flow and life of mine estimates and economic returns carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not
from Duparquet; (xv) the estimated amount and grade of mineral resources at Duparquet; and (xvi) current and undertake to update any forward-looking statement, whether written or oral, that may be made from time to time
future drilling strategies and programs at Duparquet. by the Company or on our behalf, except as required by law.
All forward-looking statements are based on First Mining's or its consultants’ current beliefs as well as various Hazel Mullin, P.Geo., Director, Data Management and Technical Services of First Mining, is a “qualified person” for
assumptions made by them and information currently available to them. the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), and she
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and has reviewed and approved the scientific and technical disclosure contained in this presentation.
specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be James Maxwell, P.Geo, (OGQ 02398) Vice President, Exploration and Project Operations of First Mining, is a
achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on “qualified person” for the purposes of NI 43-101, and he has reviewed and approved the scientific and technical
these forward-looking statements as a number of important factors could cause the actual outcomes to differ disclosure contained in this presentation.
materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions Note: all information presented in Canadian dollars unless otherwise noted; as at May 4, 2026.
expressed in such forward- looking statements. These risk factors may be generally stated as the risk that the
TSX: FF | OTCQX: FFMGF | FRANKFURT: FMG | www.firstmininggold.com |1
BUILDING TOMORROW’S GOLD PRODUCER
Advancing two of the largest undeveloped gold projects in
Canada – total gold resource base of 8.2 Moz Au M&I and 3.8 Moz
Au Inferred
Springpole Gold Project – large, robust, feasibility stage,
advanced permitting; updated PFS released in December 2025
Duparquet Gold Project – Positive PEA in the heart of the Abitibi
SPRINGPOLE
gold belt in Quebec
Portfolio of other assets provides optionality and financing
flexibility as demonstrated through recent non-core asset sales
Experienced exploration, development and environmental team
in place to unlock value
FIRST MINING’S ADVANCED-STAGE GOLD PROJECTS DELIVER
UNPARALLELED LEVERAGE TO A RISING GOLD PRICE
DUPARQUET
DUPARQUET
TSX: FF | OTCQX: FFMGF | FRANKFURT: FMG | www.firstmininggold.com |2
OVERVIEW OF FIRST MINING ASSETS
Flagship Assets Flagship Assets
Other Assets PICKLE CROW (20%)
Springpole Gold Project in Ontario, Canada
Ontario, Canada Joint Venture with Bellavista Resources
Duparquet Gold Project in
SPRINGPOLE GOLD PROJECT
Quebec, Canada Ontario, Canada
PFS Released in Q4 2025; EIS/EA Submitted Q4 2024
Advancing through Feasibility and Permitting
4.8 Moz Au M&I and 0.8 Moz Au Inferred
Other Assets
Pickle Crow (20%): JV with
Bellavista Resources (ASX:BVR)
QUÉBEC
Seva Mining (TSXV:SEVA)
Cameron Gold Project: First Mining
is the largest shareholder owning ONTARIO
48% of the total basic shares
outstanding
DUPARQUET GOLD PROJECT
Quebec, Canada
PEA released in Q3 2023
Advancing exploration and project development
3.4 Moz Au M&I and 2.6 Moz Au Inferred
TSX: FF | OTCQX: FFMGF | FRANKFURT: FMG | www.firstmininggold.com |3
CORPORATE OVERVIEW
SUMMARY DETAILS CURRENT OWNERSHIP
Share Price (C$) – As at May 4, 2026 $0.44
MANAGEMENT
Shares Issued & Outstanding 1,384 Million & DIRECTORS
5.0%
70%
Options and RSUs Outstanding 94 Million
2.4%
HNW /
Warrants Outstanding 165 Million RETAIL
Fully Diluted Shares Outstanding 1,643 Million 23% INSTITUTIONAL
Market Capitalization – Basic C$609 Million
Estimated Cash-on-Hand ~C$40 Million
ANALYST COVERAGE – COVERED BY SIX (6) ANALYSTS
Marketable Securities (includes Seva Mining) C$38 Million
Enterprise Value – Basic C$531 Million
Matthew O’Keefe Richard Gray Marcus Giannini
Future Cash and Share Payments to First Mining (1) $9 Million
Average Daily Volume Canada: 8.0 M Heiko Ihle Alex Terentiew Brandon Gaspar
(Past 3 Months) U.S.: 1.6 M
(1) Future cash and share payments: C$2 million stockpile payment from Seva Mining; C$5 million cash payment from NexGold; C$2 million cash payment from Big Ridge Gold
TSX: FF | OTCQX: FFMGF | FRANKFURT: FMG | www.firstmininggold.com |4
UNPRECEDENTED VALUE GAP BETWEEN DEVELOPERS AND PRODUCE

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