CSE:FENX | OTCQB:FDVXF

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Why Fenix Gold?
• “Best Address” On One Of The Most Prolific Gold
belts In The World
• Next Door Neighbour To Buritica, One Of Largest,
Highest Grade Gold Projects In The World
• Exploration Led By Stu Moller, A Leading Expert on
This Emerging Gold Producing Region, Who Led the
Discovery Team For Continental Gold’s Buritica
Deposit (>11M oz Au)
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• Phase 1 Drilling Program Identified Major Discovery
of “Buritica Style” High Grade Gold Deposit
• Multi-million Ounce Potential Outlined With Much of
the Project Still Undrilled
• Phase 2 Program Designed to Demonstrate
Increasing Potential
• Partnership With Local Small Miners, Small Scale
Mines in Operation for Multiple Generations
• Colombia Emerging As a Major Exploration
Destination
Why Colombia?

• World Class Discovery Potential

• Leaders In The World For Low Cost Of Discovery And Production

• Federal Government Initiative To Drive Investment Growth In

Mining & Resource Industries

• USD $25 Billion National Infrastructure Investment Program

• Mining deemed an Essential Industry and exempted

from COVID-19 isolation restrictions, very few local cases

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 Abriaqui Project
Location & Overview

• 150 road km northwest of Medellin in Antioquia State and 4 km from

the paved Panamerican highway

• Drive-in exploration with a 12-month work season in one of the safest work
areas in Colombia

• Historical mining district with sufficient water and electricity for any
future project needs

• Outcropping mineralization from 1,930 – 2,770m elevation, well below

Colombia’s paramo restricted zone

• At the northern end of the 200 km Middle Cauca geologic trend where over
80 million new ounces of gold have been discovered since 2007 including
Continental Gold’s Buritica, Anglo Gold’s Nuevo Chaquiro and La Colosa, and
Gran Colombia’s Marmato deeps deposits

• 15 km west of the 11+ million ounce Buritica gold deposit in a similar geologic
setting

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Access and Topography

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Land Package

• 547 ha base package includes one wholly owned license, two

licences with option to earn 90% with work commitment
(which is almost completed), and one application

• No payments or royalties owed except for

standard government production royalty

• Additional 848 ha in the Polo Acquisition pending finalization

of transfer

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 Abriaqui Project
Comparison with Buritica Deposit

• Buritica is a high grade gold vein deposit 15 km east of Abriaqui with +11 million ounces in
resources

• Similar geologic setting with upper Miocene diorite intruding Cretaceous volcanic-
sedimentary package

• Both deposits with 80+ closely-spaced, high grade veins developed in 400-500m wide corridors
with areas of interstitial, lower grade mineralization

• Ore grade veins at Buritica drilled over 1,200m vertical interval with upper level carbonate base
metal veins, and gold bearing py-po veins at depth (source: Continental Gold reports &
releases). Abriaqui is exposed at a slightly deeper level of erosion than Buritica.

• High grade (+20 g/t Au) py-po bearing veins at Abriaqui have been sampled in outcrop and drill
core over a 1200m vertical interval and are open at depth.

Both deposits with a significant proportion of free gold which is gravity recoverable

Note: map & inset are the same scale

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Abriaqui Project
Local Partners

• Our partner in the venture is a small miners

cooperative which has been working the area
for 80 years

• The co-op is fully permitted for small-

scale production

• Currently 33 small water-driven mills in

the district

• A significant amount of the gold is free milling

and recoverable by gravity techniques

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Soil Sampling

• Known mineralized area soil sampled on a 25

x 100m grid

• Most known veins with gold-in-soil anomalies

>100 ppb

• Numerous additional areas between and outward

from known vein families also strongly
anomalous in soil gold

• Most blind soil anomalies drilled in Phase 1

were underlain by veins

• 600+ meter anomaly at > 1 g/t Au will be main

target in Phase 2 drilling in southeastern
license
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Abriaqui Project
Phase 1 Drilling Program

006

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 Phase 1 Drill Results

• 4029 meters in nine holes

• Holes 100-750 meters long

• Tested one of two major

vein zones

• All holes intersect multiple

veins
Abriaqui Project
Phase 1 Drilling Program – Selected Intercepts (uncut assays)

Hole ID From (m) To (m) Intercept Gold (g/t) Silver (g/t) Hole ID From (m) To (m) Intercept Gold (g/t) Silver (g/t)
Interval (meters) Interval (meters)

P001 101.65 105.5 3.85 4.22 1.4 P004 31.80 33.10 1.30 2.60 2.4

122.10 126.24 4.14 5.08 14.7 163.60 163.80 0.20 11.45 5.0

122.10 122.80 0.70 19.75 58.8 184.65 192.40 7.75 1.53 1.5
including
185.00 185.40 0.40 6.39 5.7
124.05 125.68 1.63 3.45 10.2 including
and
188.90 189.05 0.15 18.55 13.4
340.20 342.80 2.60 9.09 6.3 and

192.15 192.40 0.25 6.95 3.4

340.20 340.55 0.35 32.10 19.8 and
including

381.70 383.00 1.30 28.18 24.5

P005 64.90 65.60 0.70 6.49 5.2
381.70 382.20 0.50 71.90 60.2
including 139.30 141.70 2.40 3.66 5.9
398.55 398.94 0.39 13.10 19.7 141.30 141.70 0.40 16.85 30.2
including
415.95 416.45 0.50 7.24 25.0
701.85 703.20 1.35 12.28 12.6

P002 101.00 101.50 0.50 6.96 19.7 P006 111.70 112.45 0.75 14.45 7.9
386.50 386.90 0.40 7.55 6.0 243.65 251.35 7.70 8.46 5.0

441.80 442.00 0.20 9.54 16.9 243.65 244.80 1.15 50.98 24.5
including
456.50 456.70 0.20 9.91 2.3 244.35 244.80 0.45 124.50 55.5
including

P003 108.65 111.00 2.35 1.96 6.5

P008 63.50 67.15 3.65 5.40 1.1
121.90 122.25 0.35 9.38 0.9 66.90 67.15 0.25 71.00 12.6
including
126.70 126.95 0.25 13.20 2.3

312.30 312.60 0.30 7.36 0.6

P009 95.10 97.00 1.90 3.08 0.33
442.70 444.70 2.00 3.26 0.3 447.05 447.45 0.40 6.46 2.13

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 Santa Teresa Vein

Vein Modeling
• Preliminary modeling
underway

• Utilizes data from oriented

drill core and structural data
Phase 1 drillhole from mine mapping
(completed)
• Most veins sub-vertical
Phase 2 drillhole
(planned)
• Veins to 7+ meters thick in drill
Drill Pad holes. Historical small-scale
1540m mining focused on thinner, high
student. grade zones

Santa Teresa Vein

3D View Looking
Northwest Along
The Northwest
Vein Corridor
(NWC)
Northwest Vein Corridor (350m)
 Vein Modeling

• 16 veins tentatively modeled

• Crosscutting relationships are not well

understood

• Many of the ore grade drill intercepts

and mapped mines are not yet included
in the currently modeled veins

• Numerous additional veins will be

modeled based on Phase 2 infill and
step-out drilling
 Phase 2 Program

• 6500 - 7000 meters in

10-12 holes up to 1100m long

• Infill and stepout drilling on

NWC

010 • Maiden drilling in SE vein area

012 • Hole 010 completed at 540 m.

• Hole 012 completed 668 m at

-65 degree inclination.
013
• Hole 013 underway
 Resource Potential
Sections

• Vertical sections in the plane of

the vein looking to the northeast

• Yellow blocks defined by mine

sampling and drill data are areas of
calculated resource potential

010 • Blocks cut off at the 1500 metre

011 elevation

• Block grade and thickness

averaged from drill data only as
mine samples don’t necessarily
sample the full width of the
mineralized zone
 NW Vein NWC4 Longitudinal Section SE
24.7 12.1 23.9
25.8

2200m
NWC4 Resource
Potential
Additional
Potential

2000m
Additiona
l
Potential
P001
P010 2.60m @ 9.09 g/t Au
Assumes 10 g/t At Assays pending
1800m

P012 NWC4
Assays pending

P005
1600m
1.35m @ 12.28 g/t Au
0
Drill Pierce Point
200 Projected Phase 2 Drill Pierce Point
Mine Sample on vein
Meters average 21.6 g/t Au
 NW Santa Teresa Vein - Longitudinal SE
2200m
Section
30.4 10.7 102.0 13.2
21.2 5.4
47.3 Santa Teresa
6.1 11.4 3.9 62.9
15.6 P009 Resource Potential
0.50m @ 3.35 g/t Au
28.2
2000m
010 Additional
Assays pending Potential

Additiona
l Potential Assumes 5 g/t Au P001
012 4.14m @ 5.08 g/t Au
1800m Assays pending

Drill Pierce Point

P005 Projected Phase 2 Drill Pierce Point

1.60m @ 1.98 g/t Au
Mine Sample on vein
average 27.5 g/t Au
1600m
0 200
Santa Teresa
1545 m Level of deepest intersection of high grade in vein
Meters
 NW Vein NWC5 Longitudinal Section H
er
se
lf
2200m
35.2

Assumes 10 g/t Au
2000m
Additiona
NWC5
l P001
Potential 1.30m @ 28.18 g/t Au
NWC5 Resource
1800m P010 Potential
Assays pending

P012
Assays pending Drill Pierce Point
1600m
0 200 Projected Phase 2 Drill Pierce Point
Meters
Mine Sample on vein
1545 m Level of deepest intersection of high grade in vein
In Vein EWC11 - Longitudinal Section A
2200m n
d
20.8
EWC11
Resource
41.3
33.7 Potential
2000m

P005
2.4m @ 3.66 g/t At
P006
EWC11
P003
0.75m @ 14.45 g/t Au 2.0m @ 3.26 g/t Au
1800m
Drill Pierce Point

Projected Phase 2 Drill Pierce Point

Mine Sample on vein average 31.9 g/t At

Assumes 5 g/t Au
1600m
0 200
1545 m Level of deepest intersection of high grade in vein

Meters
TWO MILLION OUNCE MINIMUM POTENTIAL…
(Yellow areas on resource potential sections)
DOWNSIDE RISK
• Not all of each vein will be mineralized above eventual cutoff
grade and thickness
• Not enough data points to confidently estimate average
thickness and grade (could go either way)
• Widths calculated with drill core lengths so true thicknesses may
be a bit less
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UPSIDE POSSIBILITIES
• Dozens of additional veins not included in these four sections including intersections of:
• 3.85m @ 4.22 g/t Au in P001
• 7.70m @ 8.46 g/t Au and 0.75m @ 14.75 g/t Au in P006
• 3.65m @ 5.40 g/t Au in P008
• Many of them will be small but as a point of reference: a one meter thick vein only 150
meters long and 500m deep at 12 g/t Au would contain 80,000 ounces. A dozen of these
would be an additional million ounces
• Depth potential arbitrarily cut off at 1500 meter elevation. System clearly continues at
depth below that level – perhaps significantly deeper.
• Doesn’t consider the southeastern license which has abundant potential and is
exposed at a much higher elevation.
• New east-west veins recently discovered in northwest corridor
Just out of hole P012 (July 2021, assays pending)

5 mm

Visible Gold
487 – 490.9m (NWC4 ?) 541.2 – 545.6m (NWC5 ?)
 Recent Mine Sampling

• 76 (of 110) mines mapped and channel

sampled

• 270 new samples of vein and wall rocks

• Started as a mapping exercise to get vein

structural data for modeling but a new series
of mines was discovered

• New vein (Baul 3) with intercepts of:

5.2m @ 6.64 g/t Au
0.8 m @ 149 g/t Au
0.7m @ 56.5 g/t Au
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 2772 m Vein
Herself Gold sample
>20 g/t
5 -20 g/t

Southeast License
Additional Potential

• Depth extension

• Southeast license

• Numerous additional veins

identified in main corridors

• Dozens of smaller high

grade veins

1931 m
Vertical range of high grade gold in veins
sampled in mines and drill core is from 1540 to
2770m elevation - a minimum 1200
meters
Abriaqui Project Potential
in the Southeast License

• Numerous additional undrilled

veins with 20+ historical mines

• Gold-in-soil anomalies indicate

that there are many additional
unmapped veins

• Will be drilled in an extended

Phase 2 program
Manto Style Replacement
Mineralization in
Flanking Sediments

• Manto zone 15-25 meters thick

• Pyrite-silica replacement

• Channel sampling indicates +1

g/t gold potential in some areas
 Leadership

John Carlesso, Founder, CEO & Director

Mr. Carlesso has over 25 years of international business experience in the financing, development, and stewardship of companies in the mining, technology and
special situations sectors with a particular focus on mining in Latin America for the past 18 years. Former Vice President of Corporate Development for Desert Sun
Mining, which was acquired for $750 million by Yamana Gold in 2006. Co-founder and Executive Chairman of Explorator Resources which acquired by Pucobre in
2011, a publicly listed Chilean mining company. Mr. Carlesso is a graduate of Western University with a B.A. in Economics.

Stuart Moller, VP of Exploration & Director

Mr. Moller has 40 years' experience in international mineral exploration. Stuart has held senior roles with Barrick Gold and Pan American Silver, and as Vice
President Exploration at Continental Gold he led the discovery of the Buritica gold deposit (acquired by Zijin Mining for $1.4 billion). Mr. Moller holds a B.A. Geology
with Honors from Colgate University and a Master of Science, Geology from the University of North Carolina at Chapel Hill.

Keith Minty, Independent Director

Mr. Minty is a mining engineer with over 35 years of mine development and operating experience. From 1997 to 2003, Mr. Minty was President and CEO of North
American Palladium Ltd. where he was responsible for restructuring the LDI mine with a C$350M IPO and developed it into the world’s fifth largest platinum group
metal producer. From 2008 to 2013, Mr. Minty was the Chief Operating Officer at Thani Dubai Mining where he was responsible for all project exploration and
operation activities in Yemen and Egypt as well as new business development activities. Mr. Minty currently is a director of Rover Metals, DNI Metals and Callinex
Mines. Mr. Minty obtained a B.Sc. in Mining Engineering from Queen’s University, Kingston Ontario, Canada in 1978 and an MBA from Athabasca University in 2014.

Albert Monterroza Ríos, Head Geologist

Studied Geology at Universidad Nacional de Colombia, Master in Exploration Geochemistry from Shimane University in Japan. 16 years experience in exploration,
evaluation and production of metallic mineral deposits associated with epithermal, mesothermal and porphyry deposits. Experience includes Mining and
Exploitation Manager of Gran Colombia Gold, Manager of Zancudo Gold, Exploration Manager of Carla Resources, and Advisor to the Ministry of Mines and Energy
of Colombia

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Share Structure

• Shares Outstanding 80,652,443

• Warrants Outstanding 4,850,000 at $C 0.10

4,006,095 at $C 0.20
3,234,800 at $C 0.35
12,090,895

• Options Outstanding 5,652,433 at $C 0.26

Fully Diluted 98,395,771

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Summary of Opportunity

• Significant Discovery at Abriaqui

• High Grade Gold, Buritica lookalike

• Clear pathway to define and expand Resources and Reserves

• Upside in many prospective, yet-to-be drilled high grade targets

• Exploration drilling led by experienced expert on this mineralization style

• Management team experience with Discovery/ Value Creation/ Acquisition model

• Economic/ Inflation expectations long term positive for Gold sector

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