ABOUT US GOVERNANCE The Board and Management believe that effective corporate governance and duty of care to shareholders are integral to the long-term success of Mandalay Resources. The Board supports the Company through its stewardship and governance over management by continually reviewing and monitoring developments in the field to achieve a higher standard in corporate governance. The Company is compliant with all applicable Canadian Securities laws and the laws of the jurisdictions of our operations. ABOUT US BOARD OF DIRECTORS LEADERSHIP TEAM GOVERNANCE LEGAL SUBSCRIBE TO EMAIL UPDATES SIGN UP MANDALAY RESOURCES 76 Richmond Street East Suite 330 Toronto, ON M5C 1P1 Canada PHONE +1 647 260 1566 ABOUT US OPERATIONS SUSTAINABILITY INVESTORS MEDIA NEWS CONTACT INFORMATION TO ENTREPRENEURS © 2021 Mandalay Resources All Rights Reserved.

INVESTORS ANALYST COVERAGE BMO Capital Markets Brian Quast Mackie Research Capital Stuart McDougall WHY INVEST INVESTOR CENTRE INVESTOR PRESENTATIONS STOCK INFORMATION FINANCIAL REPORTS QUARTERLY CALL RECORDINGS ANALYST COVERAGE ANNUAL INFORMATION FORM EVENTS AGM SUBSCRIBE TO EMAIL UPDATES SIGN UP MANDALAY RESOURCES 76 Richmond Street East Suite 330 Toronto, ON M5C 1P1 Canada PHONE +1 647 260 1566 ABOUT US OPERATIONS SUSTAINABILITY INVESTORS MEDIA NEWS CONTACT INFORMATION TO ENTREPRENEURS © 2021 Mandalay Resources All Rights Reserved.

INVESTORS QUARTERLY CALL RECORDINGS WHY INVEST INVESTOR CENTRE INVESTOR PRESENTATIONS STOCK INFORMATION FINANCIAL REPORTS QUARTERLY CALL RECORDINGS ANALYST COVERAGE ANNUAL INFORMATION FORM EVENTS AGM SUBSCRIBE TO EMAIL UPDATES SIGN UP MANDALAY RESOURCES 76 Richmond Street East Suite 330 Toronto, ON M5C 1P1 Canada PHONE +1 647 260 1566 ABOUT US OPERATIONS SUSTAINABILITY INVESTORS MEDIA NEWS CONTACT INFORMATION TO ENTREPRENEURS © 2021 Mandalay Resources All Rights Reserved.