Amarillo Gold

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September 13, 2021 at 11:10 AM (MDT)|Broadmoor Hotel & Resort

Mike Mutchler

President and CEO

Mike Mutchler is the President and Chief Executive Officer of Amarillo Gold Corporation, which is on track to becoming Brazil’s next gold producer. A fifth generation miner, Mike was previously a partner at Whittle Consulting Pty. Mike has a long history of success in project management and business turnaround in Canada and Latin America. His experience in Brazil includes Chief Operating Officer for Largo Resources, where he successfully built a Vanadium mine and mill, and Project Director for Kinross Gold Corporation’s Paracatu Mine. His other roles include Chief Operating Officer of Rainy River Resources, Vice President of Project Development for Kinross, Project Manager for Kinross’ Cerro Casale project in Chile, and managerial positions at ASARCO. Mike has a BSc (Mining Engineering), MBA, Executive Juris Doctorate degree, and Chartered Directors Certificate.


SAFE HARBOR STATEMENT

Amarillo Gold Corporation has prepared this profile and presentation for information purposes only. When
you accept this profile and presentation; you agree that it is provided for information purposes only. Amarillo, which owns this profile and presentation, has taken all reasonable care to ensure that the facts are true to the best of its knowledge, information, and belief. Without prejudice to the foregoing, neither Amarillo, its advisers, or its representatives accept any liability for any direct or indirect loss that arises from using this profile and presentation or the information they contain.

These materials are directed at someone who:
• has professional experience in investment matters because they are an investment professional, as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (FPO)
• high net worth companies, unincorporated associations, and others defined in Article 49 of the FO
• anyone else that may lawfully receive communications like this.

If you do not have professional experience in investment matters, do not act or rely on these materials or any of their contents. Do not rely on the information or opinions in these materials or assume that they are complete. No liability is accepted for any loss that comes from using this slide deck or its contents. We encourage prospective investors to do their own due diligence, and independently verify the information.

These materials are not a prospectus or part of a prospectus on Amarillo. They are not an invitation or offer to underwrite, subscribe for, acquire, or dispose of any shares in Amarillo. They do not advise any person in any jurisdiction, and should not form part of a contract, or be relied on in any connection to any contract. Distributing this slide deck may be restricted by law in certain jurisdictions. You should inform yourself about these restrictions and follow them. If you do not follow these restrictions, you may be breaking the law in those jurisdictions.

Forward-looking statements
These materials contain forward-looking statements. The information in these statements has been based on a number of assumptions that may prove to be incorrect and the actual results may vary.

Qualified persons
The Qualified Persons for Amarillo are Frank Baker, M. IOM3 and MAusIMM., and Mr. Mike Mutchler, FAusIMM.

Non-IFRS financial measures
The Company has included certain non-IFRS financial measures in these materials.

These measures, which include EBITDA, total cash cost, total cash cost per ounce, AISC, and AISC per ounce, are not recognized under IFRS and do not have a standardized meaning prescribed by IFRS. As a result, these measures may not be comparable to similar measures reported by other companies. Each of these measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures in
accordance with IFRS.
• EBITDA: Earnings before interest, taxes and depreciation and amortization (EBITDA) excludes the
following items from net income: interest expense; income taxes and depreciation and
amortization expenses.
• Total cash cost and total cash cost per ounce: Total cash cost reflects the cost of production. The total cash cost reported in the feasibility study includes costs related to mining, processing, and water treatment,
general and administration for the mine, off-site, refining, transportation, and royalties. Total cash cost per ounce is calculated as total cash cost divided by payable gold ounces.
• AISC and AISC per ounce: AISC reflects all the expenditures that are required to produce an ounce of gold from
operations. The AISC reported in the feasibility study includes total cash cost, sustaining capital, and closure cost. AISC per ounce is calculated as AISC divided by payable gold ounces.

NOTICE

The Denver Gold Group does not make any express or implied condition, representation, warranty or other term as to the accuracy, validity, reliability, timeliness or completeness of any information or materials in general or in connection with any particular use or purpose presented at the Gold Forum. Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

The Denver Gold Group does not represent or endorse the accuracy or reliability of any third party advice, opinion, statement, information or materials received during the Gold Forum.

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