Ontario s next gold mine. February 2019 PGM:TSX-V

Ontario s next gold mine. February 2019 PGM:TSX-V

FORWARD LOOKING STATEMENT Cautionary Statement on Forward-Looking Information & Statements All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Pure Gold within the meaning of applicable securities laws, including, but not limited to statements with respect to those that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone or mineral system, proposed timing of exploration and development plans, the growth potential of the Madsen Gold Project and opportunities for scalability, planned mining methods, mineral processing and sources of power, expected annual production, potential profitability of the at lower metal prices, expected capital costs, anticipated permitting requirements and timing thereof, expected development schedule, expected timing of the completion of the Preliminary Economic Assessment for the Russet South, Fork and Wedge deposits, potential conversion of inferred resources to measured and indicated resources, potential extension and expansion of mineral resources and the focus of the Company in the coming months. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", hurdle, "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Pure Gold and there is no assurance they will prove to be correct. Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results at the ; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; possible claims against the Company; the timing of future economic studies; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated June 11, 2018 in the section entitled "Risk Factors", under Pure Gold s SEDAR profile at www.sedar.com. Although Pure Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Pure Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. Non-GAAP Measures and Other Financial Measures Alternative performance measures are furnished to provide additional information. These non-gaap performance measures are included in this news release because these statistics are key performance measures that management uses to monitor performance, to assess how the Company is performing, to plan and to assess the overall effectiveness and efficiency of mining operations. These performance measures do not have a standard meaning within International Financial Reporting Standards ( IFRS ) and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures shouldnot be consideredin isolationas a substitute for measures of performance in accordance with IFRS. Phil Smerchanski, P.Geo., Vice President, Exploration for the Company and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this presentation. All currencies are reported in Canadian dollars unless otherwise specified. 1

this is Red Lake 9

PROJECT HIGHLIGHTS Large mineral system Key Attributes 1 2.62 million ounces historical production 2 2.06 million ounce indicated mineral resource (7.2 million tonnes at 8.9 g/t Au) 3 0.47 million ounce inferred mineral resource (1.9 million tonnes at 7.7 g/t Au) 3 Feasibility Study (FS) completed February 2019 Probable Mineral Reserve of one million ounces at 9 g/t Au in 3.5 million tonnes C$95M initial capex, includes C$8M contingency After-tax NPV of C$247M and IRR of 36% Life of Mine (LOM) cash cost of US$607/oz and All-in Sustaining Cash Cost of US$787/oz 4 13 months pre-production schedule Peak production of 125,000 ounces gold per annum Years 3 to 7 average 102,000 ounces gold per annum Satellite resources offer potential for growth & scalability (1) See news releases dated February 5 and February 11, 2019. (2) Compiled from Ontario Geological Survey Reports. (3) Mineral Resources are inclusive of Mineral Reserves; totals have been rounded. Please see slide 17 in this presentation for details of the Mineral Resources and Reserves. (4) This is a non-gaap performance measure. See Non-GAAP Measures and other Financial Measures cautionary language on slide 1. C$ to US$ exchange rate of 0.75 3

Pure Gold Mining CAPITAL STRUCTURE Capital Structure Shares Outstanding Warrants Exercise price $0.85 until May 24, 2020 expiry Options Outstanding Weighted average exercise price $0.39 256.3 million 14.5 million 18.5 million Key Shareholders (2) Management & Directors ~3.5% Strategic Shareholders ~25% Institutional Shareholders (2) ~13% Fully Diluted Shares Outstanding Basic Market Capitalization (1) Note: all $ amounts shown are in Canadian currency 289.3 million ~$195 million Analyst Coverage Mick Carew 604.697.6006 Michael Gray 604.639.6372 Tara Hassan 604.659.8064 Kevin MacKenzie 604.643.7357 Ryan Walker 416.479.8997 Brock Salier +44.207.659.0841 (1) Basic Market Capitalization as at February 1, 2019 (2) Percentage ownership based on basic shares outstanding; ownership information based on public disclosure Stuart McDougall 416.860.8636 4

Pure Gold Mining COMPANY BUILDERS Extensive experience in project execution, operations, exploration, and capital markets with vision to become Canada s next iconic gold company EXECUTIVE MANAGEMENT BOARD OF DIRECTORS Darin Labrenz, President, CEO & Director Terrane Metals, Placer Dome Graeme Currie, Chairman Canaccord Genuity Sean Tetzlaff, CFO & Corporate Secretary Fronteer Gold, Aurora Energy, Oxygen Capital Mark O Dea, Director Fronteer Gold, Aurora Energy, True Gold, Oxygen Capital Ken Donner, Vice President, Operations AMEC, Homestake, De Beers, Bema Gold Rob Pease, Director Placer Dome, Terrane Metals, Richfield, Sabina Phil Smerchanski, Vice President, Exploration Anglo American, Revelation Geoscience, Falconbridge, Inco Troy Fierro, Director Fronteer Gold, Metallica Resources Christopher Lee, Chief Geoscientist Fronteer Gold, Aurora Energy, True Gold Len Boggio, Director PricewaterhouseCoopers; led PwC s mining industry practice 5

Red Lake Mining District CANADIAN HIGH GRADE GOLD BELT 2.62 million oz HISTORICAL PRODUCTION 2.06 million oz INDICATED RESOURCE 1 0.47 million oz INFERRED RESOURCE 1 Current Project Mineral Resources (1) : 2,063,000 ozs at 8.9 g/t Gold in 7.20 Mt Indicated 467,000 ozs at 7.7 g/t Gold in 1.88 Mt Inferred Red Lake, Ontario, Canada Top ranked mining jurisdiction (2) (1) See Slide 17 and news release dated February 5, 2019. (2) Ranked 7 th of 91 jurisdictions by Fraser Institute Mining Attractiveness Index, 2018 6

Red Lake Mining District MADSEN MINE PLAN Production MADSEN MINE FS shows robust, high margin mine with Probable Mineral Reserves 1 of 1.0M ounces at 9.0 g/t gold Scalable RUSSET SOUTH / FORK / WEDGE / MADSEN Three new satellite deposits PEA expected in February 2019 Exploration +5km GOLD SYSTEM Madsen system open to depth and on strike. Significant opportunities along strike and down plunge across 5 km mineral system (1) See news release dated February 11, 2019. 7

GROWTH AND SCALABILITY PEA FS Feasibility Study ( FS ) complete on Madsen Deposit 1 Satellite Resources from Russet South, Fork, and Wedge Deposits to be evaluated by a Preliminary Economic Assessment ( PEA ) expected to be issued in February (1) See news release dated February 11, 2019. 8

LOW CAPITAL, HIGH MARGIN 2019 FS 1 9.0 g/t HEAD GRADE 125,000 OZ /YEAR PEAK PRODUCTION ~C$95M INITIAL CAPITAL Project Attributes High grade Low initial capital Low permitting risk Supportive First Nations Robust economics 12 year mine life Scalable operation ~US$535/oz CASH COST YEARS 1-8 2 ~36% AFTER TAX IRR ~C$247M AFTER TAX NPV(5%) (1) See news release dated February 11, 2019 (2) This is a non-gaap performance measure. See Non-GAAP Measures and other Financial Measures cautionary language. C$ to US$ exchange rate of 0.75 9

LOW CAPITAL COST Initial Capital (C$95MM) Low Capital Hurdle 1 Total Initial Capital (C$M) Sustaining Capital (C$M) 95 232 Mill $17M Mining $31M Site Services $18M Initial (C$M) Sustaining (C$M) LOM (C$M) Mining 31 209 240 Site Development 1 0 1 Processing 17 0 17 Tailings 4 8 12 Site Services 18 1 16 Closure (net salvage) 0 12 12 Contingency $8M Indirects, EPCM, Owners Costs $16M Tailings $4M Indirects 6 0 6 EPCM 7 0 7 Owners Costs 3 0 3 Subtotal 87 230 317 Contingency 8 2 10 Total 95 232 327 (1) See news release dated February 11, 2019 10

HIGH MARGIN PROJECT 38% NET FCF Margin (pre-tax) @ US$1,275/oz 1 Low Cost Profile Mining, $458 Pre-tax Free Cash Flow Margin, $488 G&A, $59 Refining, $2 Sustaining Capital, $180 Processing, $88 Total Cash Cost 607 (US$/oz) 2 All-in Sustaining Cash 787 Cost (US$/oz) 2 LOM (C$/t) LOM (US$/oz) Mining 169 458 Processing 32 88 G&A 22 59 Total Direct Operating Cost 223 605 Refining, transport 1 2 Cash Cost 224 607 Sustaining Capital 66 180 All-in Sustaining Cost 290 787 (1) US$ except as noted C$. See news release dated February 11, 2019 (2) This is a non-gaap performance measure. See Non-GAAP Measures and other Financial Measures cautionary language. C$ to US$ exchange rate of 0.75 11

PRODUCTION PROFILE 90,000 oz AVERAGE ANNUAL PRODUCTION 1 ST 8 YEARS $48M ANNUAL AFTER TAX CASH FLOW 1 ST 8 YEARS $383M AFTER TAX CASH FLOW Life Of Mine 1 140 Annual Production koz 120 100 80 60 40 20 Resource Conversion Wedge / Fork / Russet South 2-1 2 3 4 5 6 7 8 9 10 11 12 13 Year (1) See news release dated February 11, 2019 (2) There is also no certaintythat these inferred mineral resources will be converted to measured and indicated categories through further drilling, or into mineral reserves. 12

LOW CAPITAL INTENSITY Harte Pure Gold Continental Gold Sabina Dalradian Equinox Eldorado Lundin Victoria Osisko Bluestone US$70/oz One of the lowest initial capital requirements amongst our peers Level of Study PEA PFS $- $50 $100 $150 $200 $250 Initial Capital US$ / LOM P+P Reserves 1 FS (1) Technical data based on corporate disclosure and company reports. Pure Gold data - see news release dated February 11, 2019. 13

Pure Gold Mining LOW CAPITAL HURDLE Initial Project Capital (US$M) 800 700 600 Initial Project Capital vs. IRR Lundin 500 Continental 400 Sabina Osisko 300 200 Victoria Bluestone 100 Dalradian Equinox Eldorado Pure Gold Harte 0 10 15 20 25 30 35 40 45 1200 Total Project Capital vs. IRR After-Tax IRR(%) Bubble size represents Deposit Grade (g/t Au) Total Project Capital (US$M) 1000 800 600 400 200 0 0 5 10 15 20 25 30 35 40 45 (1) Technical data based on corporate disclosure and company reports. Pure Gold data - see news release dated February 11, 2019. Lundin Sabina Dalradian After-Tax IRR(%) Continental Victoria Eldorado Bluestone Equinox Osisko Pure Gold Harte 14

ECONOMIC SENSITIVITIES Gold Price Sensitivity 1 Gold Price (US$/oz) $1,100 $1,200 $1,275 $1,300 $1,400 $1,500 Pre-Tax NPV 5% ($M) $192 $284 $353 $376 $468 $560 After-Tax NPV 5% ($M) $135 $199 $247 $263 $326 $390 Pre-Tax IRR 28% 36% 43% 45% 53% 61% After-Tax IRR 23% 31% 36% 38% 45% 51% Sensitivity After-Tax NPV(5%) (C$M) % -15-10 -5 0 +5 +10 +15 Capex Sensitivity $287 $274 $260 $247 $234 $220 $207 Opex Sensitivity $304 $285 $266 $247 $228 $209 $190 Sensitivity After-Tax IRR (%) % -15-10 -5 0 +5 +10 +15 Capex Sensitivity 45% 42% 39% 36% 33% 31% 29% Opex Sensitivity 42% 40% 38% 36% 34% 32% 30% (1) See news release dated February 11, 2019. 15

ILLUSTRATIVE EXECUTION SCHEDULE Short timeline to production 13 month development schedule See news release dated February 11, 2019. 16

2019 MINERAL RESOURCE Mineral Resources 1 Indicated Inferred Deposit Tonnes (kt) Grade (g/t Au) Contained Gold (koz) Deposit Tonnes (kt) Grade (g/t Au) Contained Gold (koz) Madsen 6,429 9.0 1,857 Fork 203 6.6 43 Russet South 241 7.2 56 Wedge 322 10.3 107 Total 7,196 8.9 2,063 Madsen 889 8.4 241 Fork 331 5.8 61 Russet South 352 7.5 85 Wedge 307 8.0 79 Total 1,880 7.7 467 Mineral Reserves 1 Probable Deposit Tonnes (kt) Grade (g/t Au) Contained Gold (koz) Madsen 3,512 9.0 1,013 Total 3,512 9.0 1,013 (1) See news releases dated February 5, 2019 and February 11, 2019 for further details. Mineral resources are inclusive of Mineral Reserves. Mineral Reserves are reported using a 4.75 g/t gold cutoff excepting a 4.00 cut-off for the McVeigh Zone. Resources are estimated using $1,275/oz and a 95% recovery and are reported at a 4.0 g/t gold cut-off. Mineral Resources that are not included in the Mineral Reserves do not have demonstrated economic viability. 17

GROWTH THROUGH EXPLORATION 3 NEW SATELLITE DEPOSITS 20 DRILL READY TARGETS 47 KM 2 LAND PACKAGE 3 rd largest land package in Red Lake Large high grade gold system that spans more than five kilometres strike length Robust geologic framework Controls on mineralization well understood Track record of exploration success 18

ROOM TO GROW Wedge Fork Madsen PG18-564 1 19.9 g/t Au / 3.3m PG16-198 1 34.0 g/t Au / 11.0m 8 Zone PG17-456 1 34.6 g/t Au / 4.3m AD-11-01 1 14.3 g/t Au / 2.0m Current Depth Goldcorp Red Lake Mine (1) See news releases dated October 3, 2016, September 26, 2017, June 18, 2018. 19

This is Red Lake HIGHLIGHTS Mining friendly jurisdiction Clear permitting path, benefits from existing permits Proven large high grade gold system Low capital intensity project with significant infrastructure in place Resource update issued February 2019 Feasibility study completed February 2019 Preliminary Economic Assessment - Russet South, Fork and Wedge Deposits expected February 2019 9

Appendix

GROWTH THROUGH EXPLORATION Cross-section, next slide 22

Madsen Target Settings MULTIPLE GOLD ZONES OPEN FOR EXPANSION (1) See news release dated February 5, 2019. 23

GROWTH AND SCALABILITY Multiple Satellite Discoveries 206,000 226,000 OZ GOLD INDICATED 1 OZ GOLD INFERRED 1 Madsen Project Satellite Resources by Zone (4.0 g/t Au Cut-off) Deposit Tonnes Indicated Grade (g/t Au) Ounces (Au) Tonnes Inferred Grade (g/t Au) Ounces (Au) Fork 203,000 6.6 43,000 331,000 5.8 61,000 Russet South 241,000 7.2 56,000 352,000 7.5 85,000 Wedge 322,000 10.3 107,000 307,000 8 79,000 Total 766,000 8.3 206,000 990,000 7.1 225,000 Multiple zones of gold mineralization along a five kilometre corridor Each of these zones is genetically and spatially linked into one large, common gold system Recognition of this important structural relationship has opened up expansive opportunities along strike and down plunge Highly prospective for additional resource growth Preliminary Economic Assessment of Russet South, Fork, and Wedge in February 2019 (1) See news release dated February 5, 2019 and slide 17 for details. 24

2018 BULK SAMPLE Test mining targeted West and East stoping areas, with expected grade of 9.5 g/t Au from resource model 1 A (1) See news release dated November 28, 2018 for details. 25

2018 BULK SAMPLE A Test Mining Exceeds Expectations 1 Test mining delivered 14% more ounces than predicted from east stoping and west stoping areas at an average grade of 10.9 g/t gold at a 4.0 g/t gold cut-off Average mining width of 5.3 metres Bazooka drilling highlighted hanging wall mineralization resulting in the mining of an additional 440 ounces of gold from 1,575 tonnes at a grade of 8.7 g/t Overall, test mining returned 46% more tonnes, 8% higher grade and 56% more ounces than predicted from resource model (1) See news release dated November 28, 2018 for details. 26

Corporate Inquiries: Darin Labrenz President & CEO t: 604.646.8000 info@puregoldmining.ca PGM:TSX-V 1900 1055 West Hastings Street Vancouver, BC V6E 2E9 www.puregoldmining.ca