Document:

Exhibit 10.1

 

MAGELLAN GOLD CORPORATION

 

RESTRICTED STOCK UNIT AGREEMENT

 

To FRANK PASTORINO:

 

MAGELLAN GOLD CORPORATION, a Nevada corporation
(the “Company”), has granted you an award (this “Award”) of restricted stock
units (the “Stock Units”) under the Magellan Gold Corporation Deferred Compensation and Equity Award
Plan, as amended from time to time (the “Plan”), conditioned upon your agreement to the terms and conditions
described below. Each Stock Unit represents an unfunded promise by the Company to issue to you, upon a specified future event,
one share of the Company’s common stock, $0.001 par value (the “Common Stock”). The effective date
of grant will be June 1, 2019 (the “Grant Date”), subject to your promptly signing and returning a copy
of this Agreement (as defined below) to the Company. The Award has been made in fulfillment of:

 

	 	i. 	 ̈ your election under the Plan to defer receipt of your Annual Retainer payment that was otherwise payable in cash on the Grant Date. 

 

	 	ii. 	☒ your election under the Plan to receive your Equity Grant in the form of Restricted Stock Units. 

 

This Agreement (the “Agreement”)
evidences the Award of the Stock Units. The Award is subject in all respects to and incorporates by reference the terms and conditions
of the Plan and the Magellan Gold Corporation 2017 Equity Incentive Plan, as amended from time to time (the “EIP”).
By executing this Agreement, you acknowledge that you have received a copy of the Plan. This Agreement and the Award of the Stock
Units are made in consideration of your service as CEO, President and a member of the Board of Directors of the Company.

 

		1.	Terminology; Conflicts. The Glossary at the end of this Agreement includes definitions of capitalized words used in
this Agreement. Unless otherwise specifically provided in this Agreement, in the event of any conflict, ambiguity or inconsistency
between or among any defined term in this Agreement, the Plan or the EIP, the provisions of, first, the Plan, second, the EIP,
and lastly, this Agreement, will control in that order of priority.
	 	 	 
	 	2.	Terms and Conditions
of this Award. The following terms and conditions will apply:

 

		(a)	Terms of Stock Unit Grants. You will be entitled to receive, and we agree to grant to you, an aggregate of 10,000 Stock
Units (subject to adjustment as provided for herein) for each completed calendar month that you are performing services for the
Company in any capacity. The grants will continue on a month to month basis provided you continue to provide services to the Company
and may be terminated for any reason by either the Company or yourself, with or without cause, upon ten (10) days’ prior
written notice. Unless sooner terminated by either party, this Agreement will terminate on November 30, 2019 unless extended by
mutual written agreement.

 

		(b)	Credit to Bookkeeping Account. The Stock Units shall be credited to a bookkeeping account maintained by the Company
on your behalf (“Account”) as of the Grant Date. The crediting of the Stock Units to your Account will
not entitle you to voting or other rights as a stockholder until shares of Common Stock are issued upon settlement, but will entitle
you to receive Dividend Equivalents.

 

		(c)	Vesting. Each grant of Stock Units is subject to vesting. Vesting shall occur as to all Stock Units upon the Company
consummating on or before November 30, 2019 an offering of securities, either debt or equity, on terms acceptable to the Company,
in its sole discretion, in the aggregate amount of not less than $1.25 million (a “Qualified Financing”)(the “Vesting
Date”). There shall be no proportionate vesting in the event the Company consummates a financing in an amount less than $1.25
million.

 

 

 

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		(d)	Price Protection. If, on the Vesting Date, the aggregate Market Price of the shares of Common Stock issuable upon settlement
of the Units, is less than $1.50 per share, then the Company agrees to grant and issue to you, for no additional consideration,
additional Units (“Additional Units”) such that the aggregate Market Price of the Common Stock underlying the Units
previously issued, when added to the Market Price of the Common Stock underlying such Additional Units, shall equal at least $15,000
for each completed month of service. For the purposes hereof, “Market Price” at any date shall be deemed to
be (i) if the principal trading market for such securities is any exchange, the last reported sale price, on each Trading Day for
which determination is made as officially reported on any consolidated tape, (ii) if the principal market for such securities is
the over-the-counter market, the closing prices (or, if no closing price, the closing bid price) on such Trading Days as set forth
by Nasdaq or the OTC.QB of the OTC Markets Group, Inc. (whichever is the principal market for the Company’s Common Shares)
as reported at http://finance.yahoo.com or, (iii) if the security is not quoted on Nasdaq or the OTC.QB, the average bid and asked
price as set forth on OTC.Pink of the OTC Markets Group, Inc. listing such securities for such day. Notwithstanding the foregoing,
if there is no reported closing price or bid price, as the case may be, on any of the ten trading days preceding the event requiring
a determination of Market Price hereunder, then the Market Price shall be determined in good faith by resolution of the Board of
Directors of the Company, based on the best information available to it.
	 	 	 
	 	(e)	Settlement.

 

		i.	Issuance of Shares of Common Stock. Vested Stock Units will be settled in shares of Common
Stock upon or as soon as practicable (A) upon your written request any time after November 30, 2019 or (B) following your Termination
Date, whichever occurs first. Upon settlement, subject to Section 2(d)(iv) of this Agreement, the Company shall issue to you, or
your estate as applicable, a number of shares of Common Stock equal to the number of vested Stock Units credited to your Account
on your Termination Date, taking into account the provisions of Section 2(c) of this Agreement. Notwithstanding anything in the
Plan or in this Agreement to the contrary, upon the occurrence of a Change in Control Event, all Stock Units then credited to your
Account will be settled and paid out to you on or as soon as practicable after the occurrence of the Change in Control Event, in
accordance with the provisions of Code section 409A.

 

		ii.	Forfeiture of Unvested Stock Units. Any Stock Units that are unvested as of your Termination Date shall be forfeited
to the Company for no consideration on such Termination Date.

 

		iii.	Registration of Shares. The shares of Common Stock issued in settlement of the Stock Units shall be registered in your
name, or, if applicable, in the names of your heirs. In the Company’s discretion, such shares may be issued either in certificated
form or in uncertificated, book entry form. The certificate or book entry account shall bear such restrictive legends or restrictions
as the Company, in its sole discretion, shall require.

 

		iv.	Restrictions on Grant of Stock Units and Issuance of Shares of Common Stock. The grant of the Stock Units and issuance
of shares of Common Stock upon settlement of the Stock Units will be subject to and in compliance with all applicable requirements
of federal, state or foreign law with respect to such securities. No shares of Common Stock may be issued hereunder if the issuance
of such shares would constitute a violation of any applicable federal, state or foreign securities laws or other law or regulations
or the requirements of any stock exchange or market system upon which the Common Stock may then be listed. The inability of the
Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel
to be necessary to the lawful issuance of any shares subject to the Stock Units shall relieve the Company of any liability in respect
of the failure to issue such shares as to which such requisite authority shall not have been obtained. As a condition to the settlement
of the Stock Units, the Company may require you to satisfy any qualifications that may be necessary or appropriate, to evidence
compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested
by the Company.

 

		v.	Fractional Shares. The Company will not be required to issue fractional shares of Common Stock upon settlement of the
Stock Units.

 

 

 

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		(f)	Dividend Equivalents. If the Company declares a cash dividend payable to the holders of its Common Stock, as of the
payment date for each cash dividend, your Account will be credited with dividend equivalents in the form of additional Stock Units,
which shall be fully vested and nonforfeitable when credited and shall otherwise be subject to the same terms and conditions as
the Stock Units granted pursuant to this Agreement. The number of additional Stock Units credited to your Account shall be equal
to the quotient, rounded down to the nearest whole share, determined by dividing (i) the product of (A) the amount of cash dividend
per share of Common Stock multiplied by (B) the number of whole Stock Units credited to your Account as of the record date of the
cash dividend, by (ii) the Fair Market Value of a share of Common Stock on the payment date of the dividend.

 

		3.	Restrictions on Transfer. Prior to settlement, you may not sell, assign, transfer, pledge, hypothecate, encumber or
dispose of in any way (whether by operation of law or otherwise) any Stock Units, and Stock Units may not be subject to execution,
attachment or similar process. The Company will not be required to recognize on its books any action taken in contravention of
these restrictions.

 

		4.	Legends. The Company may at any time place legends referencing any applicable federal, state or foreign securities law
restrictions on all certificates representing shares of Common Stock issued pursuant to this Agreement. You will, at the request
of the Company, promptly present to the Company any and all certificates representing shares acquired pursuant to this Agreement
in your possession in order to carry out the provisions of this Section.

 

		5.	Tax Withholding. Since you are not an employee of the Company or any Affiliate, the Company is not required to, and
the Company will not, deduct from any compensation or any other payment of any kind due you the amount of any federal, state, local
or foreign taxes required to be paid by you as a result of the grant, vesting or settlement of the Stock Units in whole or in part.
You expressly acknowledge that you are solely responsible for the payment of any such federal, state, local or foreign taxes, and
you may not rely on the Company for any assistance with regard to withholding or paying such taxes.

 

		6.	Adjustments for Corporate Transactions and Other Events.

 

		(a)	Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split
affecting, the Common Stock, the number and class of securities subject to the Stock Units that are nonvested and forfeitable will,
without further action of the Committee, be adjusted to reflect such event. The Committee may make adjustments, in its discretion,
to address the treatment of fractional shares with respect to the Stock Units as a result of the stock dividend, stock split or
reverse stock split. Adjustments under this Section 6 will be made by the Committee, whose determination as to what adjustments,
if any, will be made and the extent thereof will be final, binding and conclusive.

 

		(b)	Binding Nature of Agreement. The terms and conditions of this Agreement will apply with equal force to any additional
and/or substitute rights to receive securities received by you in exchange for, or by virtue of your ownership of, the Stock Units,
whether as a result of any spin-off, stock split-up, stock dividend, stock distribution, other reclassification of the Common Stock
of the Company, or other similar event, except as otherwise determined by the Committee. If the Stock Units are converted into
or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant
to any merger of the Company or acquisition of its assets, rights to receive securities of another entity, or other property (including
cash), then the rights of the Company under this Agreement will inure to the benefit of the Company’s successor, and this
Agreement will apply to the rights to receive securities or other property received upon such conversion, exchange or distribution
in the same manner and to the same extent as the Stock Units.

 

 

 

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		7.	Non-Guarantee of Service Relationship. Nothing in the Plan, the EIP or this Agreement alters your service relationship
with the Company or shall constitute or be evidence of any agreement or understanding, express or implied, that the Company will
retain you as an officer, director or key employee for any period of time. This Agreement is not to be construed as a contract
of service relationship between the Company and you. This Agreement does not limit in any way the possibility of your separation
from the Company in accordance with the By-Law provisions in effect at the relevant time, whether or not such removal results in
the forfeiture of any Award Shares or any other adverse effect on your interests under the Plan.

 

		8.	Rights as Stockholder. You shall not have any of the rights of a stockholder with respect to any shares of Common Stock
that may be issued in settlement of the Stock Units until such shares of Common Stock have been issued to you upon settlement of
the Stock Units. No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to
the date such certificate or certificates are issued, except as provided in Sections 2(e) and 6 of this Agreement.

 

		9.	The Company’s Rights. The existence of the Stock Units does not affect in any way the right or power of the Company
or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s
capital structure or its business, including that of its subsidiaries, or any merger or consolidation of the Company or any Affiliate,
or any issue of bonds, debentures, preferred or other stocks with preference ahead of or convertible into, or otherwise affecting
the Common Stock or the rights thereof, or the dissolution or liquidation of the Company or any Affiliate, or any sale or transfer
of all or any part of the Company’s or any Affiliate’s assets or business, or any other corporate act or proceeding,
whether of a similar character or otherwise.

 

		10.	Entire Agreement. This Agreement, inclusive of the Plan and the EIP incorporated into this Agreement, contains the entire
agreement between you and the Company with respect to the Stock Units. Any and all existing oral or written agreements, representations,
warranties, written inducements, or other communications made prior to the execution of this Agreement by any person with respect
to the Award or the Stock Units are superseded by this Agreement and are void and ineffective for all purposes.

 

		11.	Conformity with Plan. This Agreement is intended to conform in all respects with, and is subject to all applicable provisions
of, the Plan and the EIP. In the event of any ambiguity in this Agreement or any matters as to which this Agreement is silent,
the Plan or the EIP, as applicable, will govern.

 

		12.	Amendment. This Agreement may be amended from time to time by the Committee in its discretion; provided, however,
that this Agreement may not be modified in a manner that would have a materially adverse effect on the Stock Units as determined
in the discretion of the Committee, except as provided in the Plan, the EIP or in any other written document signed by you and
the Company.

 

		13.	Governing Law. The validity, construction and effect of this Agreement, and of any determinations or decisions made
by the Committee relating to this Agreement, and the rights of any and all persons having or claiming to have any interest under
this Agreement, will be determined exclusively in accordance with the laws of the State of Colorado, without regard to its provisions
concerning the applicability of laws of other jurisdictions. Any suit with respect to the Award or the Stock Units will be brought
in the federal or state courts in the districts which include Denver, Colorado, and you agree and submit to the personal jurisdiction
and venue thereof.

 

		14.	Unfunded Status. The Stock Units and the Account to which they are credited are intended to constitute and at all times
shall be interpreted and administered so as to qualify as an unfunded deferred compensation arrangement for a select group of management
of the Company under the Employee Retirement Income Security Act of 1974, as amended. Your settlement rights pursuant to this Agreement
shall be no greater than the right of any unsecured general creditor of the Company.

 

		15.	Headings. Section headings are used in this Agreement for convenience of reference only and shall not affect the meaning
of any provision of this Agreement.

 

		16.	Counterparts. This Agreement may be executed in counterparts (including electronic signatures or facsimile copies),
each of which will be deemed an original, but all of which together will constitute the same instrument.

 

 

 

 

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GLOSSARY 

 

(a) “Affiliate”
means any entity, whether now or hereafter existing, which controls, is controlled by, or is under common control with, the Company
(including, but not limited to, joint ventures, limited liability companies and partnerships), as determined by the Committee.

 

(b) “Annual Retainer”
has the meaning ascribed thereto in the Plan.

 

(c) “Board” or “Board
of Directors” means the Board of Directors of the Company.

 

(d) “Change in Control”
means (1) the acquisition (other than from the Company) in one or more transactions by any Person of the beneficial ownership (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of (A) the then outstanding shares of the securities
of the Company, or (B) the combined voting power of the then outstanding securities of the Company entitled to vote generally in
the election of directors (the “Company Voting Stock”); (2) the closing of a sale or other conveyance
of all or substantially all of the assets of the Company; or (3) the effective time of any merger, share exchange, consolidation,
or other business combination involving the Company if immediately after such transaction persons who hold a majority of the outstanding
voting securities entitled to vote generally in the election of directors of the surviving entity (or the entity owning 100% of
such surviving entity) are not persons who, immediately prior to such transaction, held the Company Voting Stock.

 

(e) “Change in Control Event”
has the meaning ascribed thereto under Code section 409A(a)(2)(A)(v) with respect to a change in the ownership or effective control
of the Company, or in the ownership of a substantial portion of the assets of the Company.

 

(f) “Code” means
the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder.

 

(g) “Committee”
means the “Plan Administrator” as defined under the Plan.

 

(h) “Company” means
Magellan Gold Corporation., a Nevada corporation.

 

(i) “Cyclical Equity Grant”
has the meaning ascribed thereto in the Plan.

 

(j) “Disability”
means the inability to perform services on the Board by reason of any medically determinable physical or mental impairment that
is expected to result in death or last for a continuous period of not less than twelve months. The Committee may require such proof
of Disability as the Committee in its sole discretion deems appropriate and the Committee’s good faith determination as to
whether and when you are totally and permanently disabled will be final and binding on all parties concerned.

 

(k) “Exchange Act”
means the Securities Exchange Act of 1934, as amended, and any successor thereto.

 

(l) “Fair Market Value”
means, with respect to a share of the Common Stock on the relevant date, the closing price, regular way, reported on the New York
Stock Exchange or if no sales of the Common Stock are reported on the New York Stock Exchange for that date, the closing price
for the last previous day for which sales were reported on the New York Stock Exchange. If the Common Stock is no longer listed
on the New York Stock Exchange, the Committee may designate such other exchange, market or source of data as it deems appropriate
for determining such value for the purposes of the Plan. For all purposes under the Plan, the term “relevant date”
as used in this definition of Fair Market Value means the date as of which Fair Market Value is to be determined.

 

(m) “Non-Employee Director”
means a member of the Board who, at the time of his or her service, is not an employee of the Company or any Affiliate.

 

 

 

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(n) “Person” means
any individual, entity or group within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act, other than employee benefit
plans sponsored or maintained by the Company or by entities controlled by the Company.

 

(o) “Termination Date”
means the date on which you cease your service relationship with the Company.

 

(p) “You”; “Your”.
You means the recipient of the Stock Units as reflected in the first paragraph of this Agreement. Whenever the word “you”
or “your” is used in any provision of this Agreement under circumstances where the provision should logically be construed,
as determined by the Committee, to apply to the estate, personal representative, or beneficiary to whom the Stock Units may be
transferred by will or by the laws of descent and distribution, the words “you” and “your” will be deemed
to include such person.

 

IN WITNESS WHEREOF, the Company has caused
this Agreement to be executed by its duly authorized officer this      day of                     
, 20      .

 

	 	 	 	 	 
	 	 	MAGELLAN GOLD CORPORATION
	 	 	 
	 	 	By:___________________________ 	 	 
	 	 	 
	 	 	Date: _________________________	 	 

 

The undersigned hereby acknowledges that he/she
has carefully read this Agreement and agrees to be bound by all of the provisions set forth herein.

 

	 	 	 	 	 
	 	 	AWARD RECIPIENT 
	 	 
	 	 	
         

        _________________________________________

	 	 	 
	 	 	Date:
    ____________________________________	  	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	6Exhibit 10.2

 

 

MANAGEMENT PRESENTATION JULY 2019

    	 		 

    	 

    

Certain of the statements made and information contained in this presentation may contain forward - looking information within the meaning of applicable United States securities laws . Such statements are based on good faith assumptions that Magellan Gold Corporation believes are reasonable but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward - looking statements . Factors that could cause actual results to differ from those anticipated are discussed in Magellan Gold Corporation’s periodic filings with the Securities and Exchange Commission . Cautionary Note to U . S . Investors : The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce . Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves . We use certain terms in this presentation, such as “resources”, “geologic resources”, ”measured”, ”indicated” and “inferred”, that the SEC guidelines strictly prohibit us from including in our filings with the SEC . U . S . investors are urged to consider closely the disclosure in our latest Form 10 - K and other reports filed with the SEC . You can review and obtain copies of these filings from the SEC’s website at http : //www . sec . gov/edgar . shtml . 2 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM FORWARD  LOOKING STATEMENT

    	 		 

    	 

    

OVERVIEW □ Magellan Gold Corporation (OTCQB : MAGE) is a US public enterprise focused on exploration and development of gold and silver mines . □ Magellan has an experienced management team capable of successfully executing the Company’s goals . □ Magellan has completed acquisition of the operational SDA Processing Plant ; located in San Dieguito de Ariba, in the State of Nayarit, Mexico . □ Magellan controls two resources : a silver resource in Arizona, and a gold - silver resource in Nayarit, Mexico . □ Magellan is developing plans to start production from the El Dorado gold - silver resource that is in the state of Nayarit, using the SDA plant to process the extracted ore . 3 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 VISION 4 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM • To  gain  entry  level  precious  metal  production  in  the  first   half  of 2020 • To  Develop  a  Multi - Million  Ounce  Precious  Metals  Portfolio   by  the  end  of 2020 STRATEGY • Gain  near  term  stable  production  for  the  SDA  plant   (Magellan  owned  flotation  facility,  located  in  San  Dieguito   de  Ariba,  Nayarit, Mexico) • Continue to acquire and develop properties that will add profitable production through processing ore in the SDA plant • Continue  to  review  and  select  properties  that  will  yield   potential  metal  production  from  mining operations VISION  & STRATEGY

    	 		 

    	 

    

GENERAL  LOCATION MAP DRILLED RESOURCE Ag,Au ACQUIRED EL  DORADO Au,AG PROSPECT C u , P b , Z n , A u , A g DRILLED  RESOURCE   Au,AG ACQUIRED   SDA PLANT ACQUIRED SILVER  DISTRICT Ag,Pb,Zn MAGELLAN   C O N T R O L L E D CURRENTLY   UNDER  REVIEW MAZATLAN YUMA MEXICO CITY DENVER SAN FRANCISCO LOS ANGELES PROSPECT Ag,Pb,Zn 5 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 SDA  MILL: DESCRIPTION □ Two  product  differential flotation  plant  – fully  operational  and permitted □ Small  batch leach  circuit  for  processing   high  grade  oxide ores □ 10  Years  of  operating  history  processing   internally  mined  ore  and  toll  processing   third  party ores □ Processing  capacity  of  100  to  150 tonnes   per  day,  depending  on  the  required grind □ Plant  laboratory  capable  of  processing  50   samples  per day □ The  plant  and  laboratory  is  sufficiently   staffed  for  a  24 - hours  per  day, seven - days   per  week operation 6 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 SDA  MILL: STRATEGY □ Acquire  a  steady source  of  feed  for  the   SDA  plant;  mined  ore  and  area  toll milling   opportunities □ Use  the  proceeds  from  the  plant operation   to  acquire  other  properties  near  the  SDA   plant  that  show  a  reasonable  chance  of   near  term production □ Add  a  continuous  CN  circuit  to  the SDA   plant to  enable  the  processing  of  oxide   ores  that  exist  in  the  SDA/Nayarit  plant   area □ Make  lab  service  available  to  the  local   artisanal  miners  which  should  build  a   working  relationship  with  the  miners,  and   Magellan  will  get  an  insight  to  the  ore   grades  that they  are investigating. 7 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 EL  DORADO:  AU - AG  MINING CONCESSION □ Signed  agreements  to  acquire  50 - hectare  El  Dorado  mining  concession,  and  the   Minetas  Ejido  for  land usage. □ The  project  is  located  50  km  south  of  SDA Mill. □ Historical  production  of  high  grade  Au - Ag  ore  from  epithermal  veins  at  El   Hundido  and  El Dorado mines. Past  metallurgical  results  indicate  the  ore is   amenable  to  floatation  yielding  a  bulk concentrate. □ Drilling 2010 - 20 1 along  strike  from  the  old  mines  identified  new  resources  with   reasonable  grades  and  widths  for  underground mining. □ Initial  mine  planning  indicates  that  the  mine  could  supply  100 - percent  of  the  daily   feed  required  by  the  SDA plant. □ The  initial  mine  re - opening  operation  could  be  started  in 4Q2019. □ The  El  Dorado  vein  system  extends  over  3 - kilometers  along  strike  and  offers   additional  exploration  upside.  Targets  include  high  grade  veins  minable   underground  and  lower  grade  bulk - minable  stockwork zones. 8 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 EL  DORADO:  MINERALIZATION,  GEOGRAPHY, LOCATION 9 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 EL  DORADO:  LONG  SECTION  SHOWING  DRILL RESULTS OTCQB: MAGE 10 WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 EL  DORADO: RESOURCE □ 28 holes  totalling  4,950  meters  drilled in 2010 - 20 1 by  TSX.V company. □ Drilling  intersected  multiple  steeply - dipping  mineralized  zones  extending  from   near - surface  to  a  drilled  depth  of  150 meters. □ The resource,  non  43 - 101  compliant ,  was  developed  using  the  following criteria: □ Core  inspection,  core  photos,  and  drill  sections  were  used  to  verify  the continuity   displayed  in  the  long section □ Widths  and grades capped  to  the 92.5 - percentile □ 25 - Meter  maximum  radius  for  polygonal development □ The  following  resource  description  is  non  43 - 101  compliant : □ In - Situ  Ore  Blocks:  109,000 - tonnes  at  5.5 - gpt  Au,  133.0 - gpt Ag □ Minimum  mining  width  is 2.4 - meters □ In - stope  dilution:  1  7,500 - tonnes  at  4.9 - gpt  Au,  1  8.0 - gpt Ag □ Mineable  resource  using  all  blocks  (including  ore losses):  1  1,000 - tonnes  4.7 - gpt  Au,   1  2.4 - gpt Ag □ Stoping  will  be  accomplished  using  the  Archibald  Cut  and  Fill method □ Economic  mineable  resource  using  current  criteria:  52,000 - tonnes,  6.0 - gpt  Au,  132.9 - gpt Ag OTCQB: MAGE 11 WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 EL  DORADO:  PLANNED WORK GENERAL  PLAN:  Re - open  the  El  Hundido  underground  workings to  confirm  the  results  of  the   2010 - 20 1 exploration  program.  In - situ  ore  that  is  accessed  during  the  reopening  will  be   mined  and  transported  to  the  SDA  plant  for  processing.  Satisfactory  results  from  the  re - opening  will  result  in  continued  exploration  west  along strike. □ Finalize  the  planning  and  analysis  for  the  operation  of  reopening  the mine. □ Pursue  acquiring  other  concessions  in  the area. □ Start  the  permitting  process  for  the  El  Dorado  mine  area  (Semarnat,  Explosives,   Conagua).  Permitting  will  take  approximately  one - year  for  a  mine  this size. □ Develop  surface,  infrastructure  and  underground plans. □ Locate  and  negotiate  for  the  small  fleet  of  mining  equipment  required,  including  the   equipment  required  for  ventilation,  power,  compressed  air  and  mine drainage. □ Contact  exploration  companies  to  determine  availability  and  cost  of  continued  drilling  west   along strike. OTCQB: MAGE 12 WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 SILVER DISTRICT:  HISTORY  and LOCATION □ The  Silver  District  was  discovered  in  1862.   Historic  recorded  production  during  1883 - 1893  was  1.56  million  ounces  silver  and 2.3   million  pounds  lead.  This  production  came   mainly  from  underground operations  at the   Red  Cloud  and  Clip mines. □ From  1973 - 1992,  New  Jersey  Zinc Company   and  Orbex  Minerals  Ltd  and  its  successor   companies  drilled  465  shallow  holes  for  an   aggregate  length  of  62,866  feet,  conducted   metallurgical  test  work  and  carried  out   scoping  studies.  In  1991,  silver  resources   were  estimated as 3,560,2 1 tons grading 4.46  opt  silver  (15,883,500  ounces  contained   silver). Ƒ In  2014,  Magellan  drilled  3  holes,  one  of   which  was  designed  to  confirm  results  of   historic  drilling.  Magellan  core  hole  PA - 1  at   the  Papago  deposit  intersected 90  ft grading 6 . 05 opt silver . which compares favorably to the historic RC hole result of 90 feet grading 5 . 78 - opt silver . OTCQB: MAGE 13 WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 SILVER DISTRICT: VEINS BLACK  ROCK  VEIN  AND   WORKINGS PACIFIC  VEIN OUTCROP DRILLING  2014 PAPAGO OTCQB: MAGE 14 WWW.MAGELLANGOLDCORP.COM DRILLING  2014  RED CLOUD

    	 		 

    	 

    

CAPITAL  STRUCT  (POST 1:50  REVERSE  SPLIT  IN  JAN 2019) Trading symbol :   Trading  range  (52 weeks) :   Market capitalization ($2.00) :   Shares  issued  &   outstanding : Shares  fully  diluted : Warrants : OTCQB: MAGE 15 WWW.MAGELLANGOLDCORP.COM Stock Options  Convertible  Note Shares :   Largest  shareholder (individual): Management : MAGE (OTCQB) $0.80  to $3.80 $7.1 million 3.60 million 4.53 million 300k,  $1.00,  expiration  July  31, 2019   300k,  $3.00,  expiration  August  2019   72k,  $2.00,  expiration 2027 325k,  $1.00  &  $1.25,  convertible  in  2019   40.5% 21.5% MAGELLAN  GOLD CORPORATION

    	 		 

    	 

    

INVESTMENT SUMMARY □ Magellan  is  an  exploration  and  development  company focused  on  precious  metal   production. □ Magellan’s  management  team  has  extensive  experience  in  developing  and   advancing  mineral  assets  to production. □ The  SDA  Mill  and  El  Dorado  mining  operation  will  transform  Magellan  into  a   production company. Mine  Development  in  4Q2019  with  possible  production  in first   half  of 2020. □ Our  strategy  is  to  build  production  through  acquisition  of  near  production  sources  of   high - grade gold and silver ore that can be processed with the SDA Plant. El   Dorado  is  the  initial  acquisition  that  appears  to  fit  our strategy.  Other  attractive   properties  have  recently  been  identified  and  are  under  current review. □ Magellan has been “under the radar” and has a small float and small market   capitalization.  1:50  reverse  split  (Jan  7,  2019)  has  been  positively received. OTCQB: MAGE 16 WWW.MAGELLANGOLDCORP.COM

    	 		 

    	 

    

 EXPERIENCED MANAGEMENT OTCQB: MAGE 17 WWW.MAGELLANGOLDCORP.COM David  Drips,  President,  CEO  and Director A graduate of Colorado School of Mines, BS Mining Engineering, with over 45 years of experience in the mining and contracting industries . Mr . Drips has experience with the operation of underground and surface mines, gassy and non - gassy mines, flotation, SX/EW and hydro - metallurgical plants . David has worked at projects in ten foreign countries, managing the business units, and dealing with foreign labor unions   in some cases. Mr.  Drips  has  worked  with  Hecla,  Pan  American Silver, Endeavour  Silver,  Breakwater  Resources,  and  Golden Minerals. Frank  Pastorino, COO Mr. Pastorino  has  an  MBA  from  the  University  of Louisville. Frank  has been involved with the mining industry for over fifteen years, working at projects in four foreign countries . Mr . Pastorino has experience with surface mining operations, floatation plants and all facets of the required business units . His experience includes the financing and marketing associated with start - up projects . Frank has worked with Kapan Ore Mining and processing, Global Gold Mining LLC, and MBMI Resources . Joaquin  Rodriguez,  Consulting Geologist Mr . Rodriguez graduated from Universidad Autónoma de Chihuahua, Chihuahua in 1987 with a degree in Geology . Joaquin has worked in the mining industry for 32 - years, holding the positions of mine geologist, exploration geologist, mine manager, and mining consultant . Joaquin has been responsible for large scale exploration programs, production geology programs, and mine planning and management . Mr . Rodriguez has worked with Chihuahua Bureau of Mines, Minera Glamis, Minera Williams, and Golden Minerals .

    	 		 

    	 

    

EXPERIENCED MANAGEMENT OTCQB: MAGE 18 WWW.MAGELLANGOLDCORP.COM Michael  Martinez,  CFO,  Secretary  and Treasurer Michael P . Martinez, CPA, was appointed CFO, Secretary and Treasurer in September 2017 . He brings 25 years of financial management and accounting experience with private and public companies . Currently Mr . Martinez is CFO of GandyDancer, LLC, a company that operates in heavy construction . Previously he worked as a senior financial manager with Ernest Healthcare, served as CFO of Santa Fe Gold Corporation, and was employed as a financial officer for an aerospace manufacturer . Early in his career, Mr . Martinez served as a staff accountant for KPMG Peat Marwick . Mr . Martinez graduated Cum Laude from the University of Arizona with a B . S . in Business Administration . He is a certified public accountant and a member of the New Mexico Society of CPAs . John  Power, Director John C . Power, co - founder and director of the Company, has served in senior capacities since the Company’s inception in 2010 . Mr . Power has 30 years experience in managing public and private companies across diverse industries including mining, oil and gas, real estate, broadcasting and a closed - end mutual fund . Mr Power also is president and a director of Athena Silver Corporation (OTCBB : AHNR) and serves as co - manager of Silver Saddle Resources, LLC . , a private exploration company . Mr . Power attended Occidental College and the University of California at Davis .

    	 		 

    	 

    

W WW . M A GE LL A N G O L D C O R P . C O M O T C Q B : M A G E 19 www.magellangoldcorp.com David  E  Drips,  President  &  CEO   dedrips@msn.com

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