REDISCOVERING JAPAN’SGOLD RESOURCES
Exploring for high grade epithermal gold deposits

TSXV | JG OTCQB | JGLDFSEPTEMBER 2024

FORWARD-LOOKING STATEMENTS
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the British Columbia Securities Act. These statements relate
to future events or the Company's future performance. All statements, other than statements of historical fact, may be forward-looking statements. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as “anticipates”, “plans”, “budget”, “scheduled”, “continue”, “estimates”, “forecasts”, “expect”, “isexpected”, “project”, “propose”, “potential”, “targeting”, “intends”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”,“would”, “might”, or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. These statements involve known and unknown risks, uncertainties and other factorsthat may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected inthose forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included inthis presentation should not be unduly relied upon by readers, as actual results may vary. Specifically, this presentation contains forward-looking statements, pertaining to thefollowing: capital expenditure programs, development of resources, treatment under governmental and taxation regimes, expectations regarding the Company's ability to raise
capital, expenditures to be made by the Company on its properties and work plans to be conducted. Concerning forward-looking statements listed above and contained in thepresentation, the Company has made assumptions regarding, among other things: uncertainties relating to receiving mining, exploration and other permits in Japan such as thetiming and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; the impact ofincreasing competition; unpredictable changes to the market prices for gold, copper, and other minerals; exploration and developments costs for its properties in Japan; theavailability of additional financing and farm-in or joint-venture partners; anticipated results of exploration and development activities; and the Company’s ability to obtain additional
financing on satisfactory terms. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set
forth below and elsewhere in this presentation: volatility in the market price for minerals; uncertainties associated with estimating resources; geological, technical, drilling andprocessing problems; liabilities and risks, including environmental liabilities and risks, inherent in mineral operations; fluctuations in currencies and interest rates; incorrect
assessments of the value of acquisitions; unanticipated results of exploration activities; competition for, amongst other things, capital, undeveloped lands and skilled personnel; lackof availability of additional financing and farm-in or joint venture partners; volatility in the market due to the Covid-19 pandemic; and unpredictable weather conditions. Although theCompany has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factorsthat cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Readers are cautioned thatthe foregoing lists of factors are not exhaustive. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except in accordance with applicable securities laws.
The technical information in this presentation has been reviewed by Japan Gold’s Vice President of Exploration, Andrew Rowe, BAppSc, FAusIMM, FSEG, who has sufficient experience
relevant to the style of mineralization under consideration and qualifies as a Qualified Person as defined by National Instrument 43-101.
All photos property of Japan Gold Corp.

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TSXV | JG OTCQB | JGLDF

EXPLORING FOR
HIGH GRADEGOLD DEPOSITSIN JAPAN
Japan Gold is a Canadian publicly
traded company focused on the exploration
for high-grade gold deposits in Japan. Japan
Gold’s technical capability and extensive
portfolio of properties prospective for highgrade epithermal gold mineralization
positions the Company for value creation.

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TSXV | JG OTCQB | JGLDFOVERVIEW
Single country focus
with low geopolitical risk

New exploration
search space

Proven managementwith record of discoveries

Underexploredsince WWII

Priority targets in areas
near historic gold
mines

Barrick Gold
Alliance

World classdeposit potential

Drill programs underway

First to secure
prospective tenements

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TSXV | JG OTCQB | JGLDF

Active Exploration Pipeline and Drill Programs
Barrick Gold Alliance5Japan Gold Priority Drill Programs

TOGI
Initial drill program
September 2024
HAKURYU
Drilling Q4 2024
(pending permits)

HOKKAIDO
Additional drilling

EBINO
Drill planning underway
Drilling planned Q1 2025

SOUTHERN KYUSHU
Additional drilling

MIDDLE KYUSHUDrill planning

TSXV | JG OTCQB | JGLDFUNDEREXPLORED
A rich history of gold mining
749 Initial Gold
Production

1981 Hishikari Gold
Deposit Discovered

Centuries of gold mining
Geology - rich inepithermal deposits

13Moz gold deposit - oneof the highest-grade Tier
1 gold mines in the world

1943
Government
Moratorium

Labour redeployed to
WWII effort - Limited
post-War production

6749-1974
4 largest mines eachproduced over 1Mozof gold with largest
producing over
2.5Moz1985 Hishikari Gold
Mine Commenced
Production2012 Mining Act Changes

Owned by Sumitomo
Metal Mining, the Hishikari
Mine has produced
8.6Moz (March 2024)

Post WWII
Underexploredfor Gold
Historic gold mining
areas are underexploredusing modern mining
methods

Allowing foreign companies
to enter Japan and restart
the gold mining industry
Japan Gold first to prospectand secure property rights

Today
Mining Districts

Exploration focused on
historic mining areas
Drilling for new discoveries

TSXV | JG OTCQB | JGLDFPROJECT PORTFOLIO INHISTORIC GOLD MINING
DISTRICTS

Hokkaido

Sado Mine
2.5Moz Au
1601-1989

Konomai Mine
2.35Moz Au
1915-1973

Taio Mine
1.2Moz Au
1903-1973

HonshuHishikari Mine
8.6Moz Au
1985- present

KyushuKushikino Mine
1.8 Moz
1914-1974

Exploring for high grade
epithermal gold deposits
TSXV | JG OTCQB | JGLDFJAPAN GOLD’S
EXPLORATION APPROACH

JG Funded Exploration + Partner Funded Exploration
Japan Gold Funded Exploration
•
•
•
•
•

Project Generator
Large land package within the key gold districts
Portfolio of high-quality projects
Accelerating projects to drill stage targets
Seeking partners to advance drill prospects

Partner Funded Exploration••

Barrick Alliance established in 2020
Advancing 3 Priority Projects

Potential for future partnerships and joint ventures to provide
shareholder value and de-risk projects
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TSXV | JG OTCQB | JGLDFJAPAN GOLD’S
EXPLORATION MODEL

TargetHigh Grade Epithermal
Underground Gold Mines• High-grade, low-cost mines
create significant cash flow
• Target Size: 1Moz Au @ 10g/t Au
with potential upside

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Approach
Deeper Exploration

Redefined Portfolio
Focused Pipeline• Searching for new mineralized
structures within the shadow of theheadframe• Drill testing below existing highlevel alteration and geochemistry• Focus resources on smaller highpotential project pipeline• High priority areas adjacent toknown historic or existing gold
mines: • Hishikari Mine
• Konomai Mine
• Taio MineTSXV | JG OTCQB | JGLDF

Japan Gold’s Exploration ModelHigh Grade Epithermal
Gold Deposits

Characteristics
Small but extremely high-grade
1 –100 Mt with grades of 1 – 20
g/t gold common
Vein networks Potential for
multiple high-grade shoots
Exploring for new mineralised
structures within the major
epithermal districts
LOW SULFIDATION EPITHERMAL MODEL
10TSXV | JG OTCQB | JGLDFCOMPELLING ECONOMICSFOR MINE DEVELOPMENT

Toyo Smelter & Refinery in Japan

Japanese epithermal projects provide silica/flux fordomestic smelters, offering compelling economic model
Japanese base metal smelters
import raw materials to Japanfor refinement and smelting
Strong demand - smelters
require new supplies of silicarich gold ores as smelter flux
(flux added to Cu, Ni, Zn)
Low-sulphidation deposits are
suited to supply flux to existing
smelters, i.e. Mitsui, Sumitomo
Metal Mining, Sumitomo
Corporation, Nippon Mining,
Mitsubishi, Dowa, Toho Zinc
28 smelters in Japan

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Directly shipping silica-rich gold
ore to a smelter reduces a goldmine’s CapEx/OpEx required for aprocessing plant, mill or flotation
Compelling model for lowcost gold mine
Example: Hishikari Mine
• Gold mineralization isconcentrated in quartz andadularia veins• Processing is hand or machinesorted, with ore sent directly to
Toyo Smelter and Refinery,
bypassing onsite processing• Results in lowest quartile all insustaining cost (AISC)TSXV | JG OTCQB | JGLDFACTIVE EXPLORATION PIPELINE
Japan Gold
Drill Targets

2024/25 Strategy
Advance at least one target into this zone

Advanced
Drill Target

MizobeTogi

Drill
Testing

TargetDefinition

Project
Generation
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Barrick
Alliance
Priority Drill
Targets

Hakuryu

Saroma-Jomon
Ebino

Bajo

Ikutahara Showa

Gumyo

North Taio

Sanru

Tobaru-Fuke

Kamitsue

Hokusatsu Region
KyushuMiddle Kyushu

Aibetsu
Kanehana
Noto Peninsula
HonshuKitami Region
Hokkaido
TSXV | JG OTCQB | JGLDFPATHWAY TO DISCOVERIESBARRICK ALLIANCE

POTENTIAL TO HOST TIER 1
OR TIER 2 ORE BODIES
Initial Evaluation Phase

INITITAL PORTFOLIO EVALUATION• Barrick Gold funded an Initial 2 1/2year Evaluation Phase of 29 Projects• Japan Gold, Manager of eachproject• Evaluation goal: identify projects
with potential to host Tier 1 or Tier 2
ore bodies• Tier 1: 5Moz with annual productionof Au 500,000oz for 10 years• Tier 2: 3Moz with annual productionof Au 300,000 oz for 10 years

Second Evaluation Phase

ADVANCING 3 PRIORITY PROJECTS• 3 Priority Projects are advancing• Barrick will earn a 75% interest in a
Project upon completion of a
Bankable Feasibility Study fundedby Barrick• Barrick funded by Barrick has
funded C$18.9M (US$14.3M) todate*

TSXV | JG OTCQB | JGLDF

13*As of Aug 2024

HOKKAIDOTENEMENT OVERVIEW
Location
North Hokkaido, Kitami Region
Nearby Historic Mines
•
•
•
•
•
•

Konamai
Sanru
Tokusei
Numanoue
Kitano-õ
HokuryuBarrick Alliance Priority Project
HakuryuJapan Gold Priority Drill Programs
Identified Targets:
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TSXV | JG OTCQB | JGLDF• Saroma-Jomon• Ikutahara -ShowaHONSHUTENEMENT OVERVIEW
Location
Noto Peninsula

Nearby Historic Mines• Sado Mine
• Hirochi• Urugami

Barrick Alliance Priority Project
Togi
Japan Gold Priority Drill Programs
Identified Targets:Togi Extension
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TSXV | JG OTCQB | JGLDF

MIDDLE KYUSHUTENEMENT OVERVIEW
Location
Middle Kyushu
Nearby Historic Mines

•
•
•
•

Taio
Bajo
Usa
HoshinoJapan Gold Priority Drill Programs
Identified Targets:• Bajo• North Taio
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TSXV | JG OTCQB | JGLDF

SOUTHERN KYUSHUTENEMENT OVERVIEW
Location
Southern Kyushu

Nearby Historic Mines
•
•
•
•
•
•
•

Hishikari
Kushikino
Fuke
Ohra
UrushiTakamine
Yamagano

Barrick Alliance Priority Project
Ebino
Japan Gold Priority Drill Programs
Identified Targets:
17• Mizobe• Tobaru-Fuke• Gumyo

TSXV | JG OTCQB | JGLDFBARRICK ALLIANCE
HOKKAIDO: HAKURYU
Located at the southern end of the Konomai Epithermal
Au – Ag Mine corridor which produced 2.35Moz Au
Priority Targets:• Hakuryu No. 3 Workings/Kokuryu✓ Initial drill target (subject to permitting)✓ Drone magnetic survey confirmed Hakuryu #3
veins sit within a 5 km long structural corridor,
largely untested• Additional Targets• Fujishima Hill/Sekizen• SW Yakiyama
Next phase of exploration:•
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Drilling Program – 4 drill holes for a total 700 meters
TSXV | JG OTCQB | JGLDFBARRICK ALLIANCE
HONSHU: TOGI
Mori Mine
16.5 Koz @ 14 g/t Au
Gap zone

Located on the Noto Peninsula, Honshu
Island, centred on the historic Togi Mine
Priority Target:•

Akasaka target

Next phase of exploration:•••

Drilling program
2 drill holes for a total 1,000 meters
Commencing Sept 2024

Togo Mine
18 Koz Au & 83 Koz Ag

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TSXV | JG OTCQB | JGLDFBARRICK ALLIANCE
KYUSHU: EBINO

OtsukaOkuchi
714 Koz @ 13.6 g/t Au

Located immediately to the north of the Hishikari
Gold Mine

KZ

MasakiPriority Targets:•••

OtsukaKZ
Masaki✓ High-level epithermal alteration zone, potential
for high-grade veins

Next phase of exploration:
Hishikari•

Drill planning underway

8.49 Moz Au @ >20 g/t Au

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TSXV | JG OTCQB | JGLDF

144.0m @ 0.7 g/t Au & 2.1 g/t Ag from 47.00 m
Incl. 68.25 m @ 0.9 g/t Au & 2.1 g/t Ag from 122.75 m;
Incl. 16.00 m @ 2.8 g/t Au & 4.5 g/t Ag
incl. 10.00 m @ 4.3 g/t Au & 6.6 g/t Ag

MZDD23-004 Assay Results:
33.55 m @ 0.56 g/t Au & 3.1 g/t Ag from 28.30 m
Incl. 16.70 m @ 0.8 g/t Au & 3.9 Ag from 28.30 m
incl. 12.00 m @ 1.0 g/t Au & 4.5 g/t Ag from 33.00 m
Incl. 4.00 m @ 1.6 g/t Au & 8.9 g/t Ag from 36.50 m

JAPAN GOLDKYUSHU: MIZOBE
Located 23km south of the Hishikari Gold Mine

Post Mineral
Cover (off section)
MZDD23-003
MZDD23-004

Priority Target:

Disseminated mineralization•

Mizobe target✓ High-grade gold veins at depth✓ Drilling completed has intersected
open ended gold mineralization✓ Possible upper parts of epithermal
system✓ Potential for additional targets in the
district

Next phase of exploration:•
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Andesite

Additional drill program
TSXV | JG OTCQB | JGLDFJAPAN GOLDMIDDLE KYUSHU:
BAJO

Outcropping
granite(Basement)

KifuneHinojiCentred on the Bajo Mine District which
produced 421Koz Au

Bajo Mine420 Koz Au

Target:West Bajo
Veins

OhtakaE
Ohtaka S

Fujiyama
Kunitoku

D

Hinode••MizuhoTsurunari
YamauraC

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Target:SW extensionof Bajo veins

Priority Targets:
SW Extensions of the Bajo Veins
Bajo West Mineralized Zone

Next phase of exploration:•

Drill target definition

TSXV | JG OTCQB | JGLDFJAPAN GOLDMIDDLE KYUSHU:NORTH TAIO
Located north of the Taio Mine >1.2Moz Au,
largest mine in Middle Kyushu

Priority Target:•

North Taio target✓ Alteration zone

Next phase of exploration:•

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Drill target definition

TSXV | JG OTCQB | JGLDF

Kitano96 Koz Au

JAPAN GOLDHOKKAIDO: IKUTAHARA

Showa
6.7 Koz Au

Ikutahara
16.1 Koz Au

Target:Showa

Saroma5.1 Koz Au

ChitoseTarget:Saroma-Taiho

HokushinTaiho
3.8 Koz Au

Target:TaihoJomon

Centred on a number of historic workings
Priority Targets:••

Ikutahara -Showa
Saroma – Jomon Corridor

Next phase of exploration:•

Additional drill programs

Jomon

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TSXV | JG OTCQB | JGLDFSHARE STRUCTUREOWNERSHIP

256,515,479

Shares Issued & Outstanding

19,830,000
Options (average weighted
price C$0.27)

1,561,682
Restricted Share Units

277,907,161
Fully Diluted Shares Outstanding

C$15.39M
Fully Diluted Market Capitalization(@$0.06)25*as of August 2024

INSTITUTIONS& FUNDS

60%

PUBLIC
FLOAT

25%

NEWMONT

9%MANAGEMENT& INSIDERS

6%

Capital Raising
Activities 2024

Barrick
Non-dilutive Funding$2,755,000(US$2,000,000)$18.9M(US$$14.3M)

Convertible Debentures@$0.13/Share (Convertible at Japan
Gold’s election)

2020-2024

TSXV | JG OTCQB | JGLDF

CORPORATE MANAGEMENT TEAM
Chairman & CEO

Vince Boon
CPA,CAJohn Proust
C.Dir.

Expertise

Expertise

Expertise

Corporate executive with 30+ years in
the Canadian capital markets, as afounder, executive, financier, board
member and principal shareholder ofnumerous public and private resourcecompanies.

10+ years of professional
accounting experience withprivate and public companies.
CFO of Southern Arc Minerals,
Lincoln Ventures, Rise Gold Corp.

40 years at Sumitomo Corporation
specializing in mineral resources
and investment, managing mining
and subsidiary companies in SouthAmerica and as GM responsible forinvesting in private equity globally.

GM Exploration

President & COO

Fraser
MacCorquodale
BAppSc (Hon)
Expertise35+ years global gold and copper
exploration experience; expertise innear-mine, brownfield, and greenfield
exploration. Led Newcrest Mining’s
global exploration.
Discoveries
Golpu Deeps, (Papua New Guinea)
East Ridge (Canada)
Havieron (Australia)
Toguraci Deeps (Indonesia)
Seguela (West Africa)

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VP ,Corporate
Communications

Yoshio Nojima
LL.B, MBA

Expertise

DISCOVERY TEAM

•
•
•
•
•

GM ,Business
Administration

CFO

28 + years in the capital markets
working for TSXV, CSE and OTC traded
companies. 12 years at TSXV,
managing the relationships with over
800 mining issuers and marketing the
Exchange. Served as an IR officer for
public companies for 16 years.

VP Exploration

Takashi Kuriyama
B.Eng.

Andrew RoweBAppSc, FAusIMM,
FSEG

Expertise

Expertise

40+ years at Sumitomo Metal
Mining Co. as EVP of Metal Mining
America; Managing Director of
Metal Mining Oceania; General
Manager of Global Exploration andGeology Manager of Sumitomo’s
Hishikari world class gold mine in
Kyushu, Southern Japan.

30+ years of exploration. Held
positions with Renison Goldfields,
Normandy Anglo Asia, Phelps
Dodge, Aurora Gold, Ivanhoe
Mines, Pan Australian Resources
Ltd (Laos).

Alexia Helgason
BA

Chief Engineer

Dr. Kotaro Ohga,
PhD
Expertise
Holds a PhD in Mining Engineeringwith extensive permitting and drill
program experience in Japan.
Associate Professor at Hokkaido
University in the Graduate Schoolof Engineering.

TSXV | JG OTCQB | JGLDFBOARD OF DIRECTORS AND TECHNICAL ADVISORS
Director

Chairman & CEO

Takashi Kuriyama
B.Eng.

Murray Flanigan
CPA, CA, CFA

40+ years at Sumitomo Metal Mining Co.
as EVP of Metal Mining America; Managing
Director of Metal Mining Oceania; General
Manager of Global Exploration andGeology Manager of Sumitomo’s Hishikariworld class gold mine in Southern Japan.

Chartered Accountant and Chartered
Financial Analyst with over 25 years ofmanagement and business development
experience across multiple industries for
Canadian & US companies including CFO
of Kepis & Pobe Financial Group Inc. and
VP of Corporate Development for
Adelphia Communications.

John Proust
C.Dir.
Expertise

Corporate executive with 30+ years in
the Canadian capital markets, as afounder, executive, financier, board
member and principal shareholder ofnumerous public and private resourcecompanies.

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Lead Director

Expertise

Independent
Director

Independent
Director

Ian Burney
BA,MAMichael CarrickBCom,BAcc,CA,ACA

Expertise

ADVISORS
Mitsuhiko Yamada
Paul Harbidge
Dr. Steve Garwin
John Carlile
Robert Gallagher

Independent
Director

Independent
Director

Tanneke Heersche
LLB,BSc, BA

Dr. Keiko Hattori
PhD, FRSC

Expertise

Expertise

Expertise

Expertise

Accomplished public service
executive and diplomat with 30+
years of experience in international
affairs, and global economic issues.
Mr. Burney was the Ambassador of
Canada to Japan from 2016 to 2021.

Chairman of RTG Mining Inc. since 2013
and responsible for the developmentof seven major gold mines in fivecountries. Mr. Carrick is a Chartered
Accountant with over 30 years ofexperience in the resources sector.

Distinguished University Professor
Emeritus of the University ofOttawa. Professor of geochemistry
and economic geology for 40
years. Completed her BSc degree inGeology, Master of Science inepithermal gold deposits in Japanand PhD in mineral deposits in Japan.

Expert and strategic advisor in thenatural resources industry with
25+ years of international industry
experience. From 2010 to 2023,
Ms. Heersche was a senior partner at
Fasken Martineau DuMoulin LLP, andpreviously a partner at White & Case
LLP.

TSXV | JG OTCQB | JGLDF

WHY INVEST IN JAPAN GOLDFirst World Country First Class Assets Management Expertise and Strategic Alliances

Low geopolitical risk
with stable mining
regulatory regime

High priority
targets in areas
near historic gold
mines

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Focused approacha pathway to
discoveries

Japan’s known
mineralization isunderexploredsince WWII

Strategic Alliancewith Barrick Gold
Corporation

Management teamwith a proven trackrecord ofdiscoveries

Drill Programs
Multiple high priority
targets provide
opportunity fordiscovery

TSXV | JG OTCQB | JGLDF

Corporate Office
Suite 650 - 669 Howe Street
Vancouver, BC V6C 0B4
CanadaPhone: +1 (778) 725-1491
Alexia Helgason
VP Corporate Communication

Tokyo Office
ARK Hills Executive Tower,
Suite 801
1-14-5 Akasaka, Minato-ku
Tokyo, Japan

Chairman & CEO, John Proust (left), and Director andGeneral Manager of Exploration, Takashi Kuriyama(right), tour historic mine sites in Japan with Professor
Emeritus Izawa, Kyushu University (middle)

Phone: +81 (0)3-6550-8735

Email: ahelgason@japangold.com

FOLLOW US ON: @JAPANGOLD
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TSXV | JG OTCQB | JGLDF