Corporate Presentation

September 2021
Forward-Looking Statements
All statements, other than statements of historical
fact, contained in this presentation constitute
“forward-looking statements” and are based on the
reasonable expectations, estimates and projections
as of the date of this presentation. Forward-looking
statements include, without limitation, possible
events, trends and opportunities and statements
with respect to possible events, trends and
opportunities, including with respect to, among
other things, the growth of the gold market, global
market trends, expected industry demands, costs
and timing of business acquisitions, capital
expenditures, successful development of potential
acquisitions, currency fluctuations, government
regulation and environmental regulation. The words
“plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates”, or “does not
anticipate”, or “believes”, or variations of such
words and phrases or statements that certain
actions “may”, “could”, “would”, “might” or “will be
taken”, “occur” or “be achieved” and similar
expressions identify forward-looking statements.
Forward looking statements are necessarily based
upon a number of estimates and assumptions that,
while considered reasonable by the company as of
the date of such statements, are inherently subject
to significant business, economic and competitive
uncertainties and contingencies. The estimates and
assumptions contained in this presentation, which
may prove to be incorrect, include, but are not
limited to, the various assumptions of the company
set forth herein. Known and unknown factors could
cause actual results to differ materially from those
projected in the forward-looking statements. Such
factors include, but are not limited to potential
conflicts of interest of officers or directors involved
in the company’s future business, or conflicts of
interests related to approving a potential acquisition
transaction; success in obtaining any required
additional financing to make an acquisition or
develop and acquire business; a limited pool of
prospective acquisition targets; potential change in
control if the company acquired one or more target
businesses for stock; successful performance of any
acquired business going forward, fluctuations in the
currency markets; changes in national and local
government legislation, taxation, controls,
regulations and political or economic developments
in jurisdictions in which the company does or
expects to do business; operating or technical
difficulties in connection with the properties of the
company; employee relations; risks associated with
obtaining any necessary licenses or permits. Many of
these uncertainties and contingencies can affect the
company’s actual results and could cause actual
results to differ materially from those expressed or
implied in any forward-looking statements made by,
or on behalf of, the company. There can be no
assurance that forward-looking statements will
prove to be accurate, as actual results and future
events could differ materially from those anticipated
in such statements. All of the forward- looking
statements made in this presentation are qualified
by these cautionary statements. These factors are
not intended to represent a complete list of the
factors that could affect the company. The company
disclaims any intention or obligation to
update or revise any forward-looking statements
whether as a result of new information, future
events or otherwise, or to explain any material
difference between subsequent actual events and
such forward-looking statements, except to the
extent required by applicable law. The forward-
looking statements set forth herein are for the
purposes of providing potential investors with
information concerning the company’s future
business plans in order to assist potential investors
in determining whether or not to invest in
VGCX.com
subscription receipts of the company and may not
be appropriate for other purposes. The reader is
cautioned not to place undue reliance on forward-
lookingstatements.
NATIONAL INSTRUMENT 43-101
TSX : VGCX OTC: VITFF
A copy of our NI 43-101 Feasibility Study Technical
Report For The Eagle Gold Project, Yukon dated
September 12, 2016 prepared by JDS Energy &
Mining, Inc. can be found on Sedar.com and our
website at www.vitgoldcorp.com.
QUALIFIED PERSON
The Technical content of this presentation has been
reviewed and approved by Paul Gray, P.Geo the
Company’s Qualified Persons as defined by National
Instrument 43-101.
2
Investment Highlights

Top Tier Producer Ramping up to >200,000 ounces/year

1 Since declaration of initial production in late 2019 through the end of 2020, production has increased while costs have
decreased in each sequential quarter

2 Best-in-class Heap Leach Operations Globally

Higher grade and lower strip ratio compared to other oxide heap leach projects in production

VGCX.com
Expected to Generate Significant Free Cash Flow with a Near 20 Year Mine Life
3 Despite additional expansion capital of C$247 mm (above technical report case), LOM FCF is projected to be
~C$3.6 bn, translating into NPV5% of ~C$2.4 bn

TSX : VGCX OTC: VITFF

4 Significant Throughput Upside Identified at Eagle
Expectation for Eagle to operate at a materially higher throughout with growth to 250,000 ounces/year

5 Exploration Upside in Nearby Land, Creating District Scale Potential

Multiple other satellite deposits exist with mineralization potential above and beyond the current reserve estimates

3
Stable/Safe Jurisdiction with Good Infrastructure
Year‐round road access
Grid hydro power
Airport at Mayo
Proximity to major commercial
VGCX: Eagle Gold hubs:

VGCX.com
• Six hours by road to Whitehorse
• Eight hours by road to Port of

TSX : VGCX OTC: VITFF

Skagway, Alaska

4
Eagle Gold Mine
Gold Heap Overland Secondary Primary Open Pit
Recovery Leach Conveyor /Tertiary Crusher
Plant Facility Crusher

VGCX.com
Event Secondary Explosives
Pond Stockpile Storage

TSX : VGCX OTC: VITFF

Camp Control
Pond

5
Leader in Health & Safety

TRIF Rate Trendline

VGCX.com
TRIF Rate

TSX : VGCX OTC: VITFF

Over 1.1 Million Hours Since Last LTI – Ranked Third Amongst BC Peers
6
 New Producer Ramping Up To +200,000 ounces/year
2020 Q1 Q2 Q3 Q4 Year
Ore mined millions of tonnes 0.9 2.3 2.1 2.2 7.5
Waste mined millions of tonnes 1.6 3.3 4.4 3.1 12.4
Total mined millions of tonnes 2.5 5.5 6.5 5.3 19.9
Strip Ratio (waste to ore) 1.7 1.5 2.1 1.4 1.6
Mining rate 000’s of tonnes/day 28 61 71 58 54
Ore stacked millions of tonnes 0.9 2.2 1.9 2.3 7.3
Ore stacked grade grams/tonne Au 0.83 0.88 0.85 0.81 0.84

VGCX.com
Gold produced ounces 10,544 28,352 35,312 42,436 116,644

2021 Q1 Q2 July August YTD

TSX : VGCX OTC: VITFF

Ore mined millions of tonnes 1.6 2.3 1.3 .9 6
Waste mined millions of tonnes 4.7 3.3 1.3 1.1 10.3
Total mined millions of tonnes 6.2 5.6 2.5 1.2 16.3
Strip Ratio (waste to ore) 2.9 1.5 1.6
Mining rate 000’s of tonnes/day 69 62 82 64 68
Ore stacked on pad millions of tonnes 0.9 2.4 1.2 1.1 5.7
Ore stacked grade grams/tonne Au 0.87 0.81 0.86 0.98 0.86
Gold produced ounces 26,759 32,140 14,717 20,744 94,605

Record Au Production in August

7
 Blast Hole Model Reserve Model
Grade Reconciliation

Ore is where it is expected and at

expected grades
The only surprise has been gold
bleeding out from the hosting
granodiorite to the surrounding

VGCX.com
metasediments - additional ore tonnes
The reserve block model is in excellent

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agreement with the production data
• All production blast holes are
sampled
• A belt sampler/weightometer system
is used to monitor ore delivered to
the leach pad
You Can Tick the Box on Grade
8
Recovery Reconciliation
Recovery is trending up steadily as the heap
leach facility (HLF) and area available for
leaching increase in size
The recoverable ounces placed and poured
ounces are trending at the same rate

VGCX.com
At the end of 2020, it is estimated there
were ~65,000 ounces of recoverable Au in
the HLF including ~14,500 ounces of Au in

TSX : VGCX OTC: VITFF

solution
The recovery model shows good agreement
with actuals
• In Q4 2020, the HLF started to outperform the
model. It’s believed this is because ROM recovery
is exceeding the model
Recovery is Trending as Expected
9
Project 250K

Increase stacking to 11
months a year
• Increases of ore to the pad
by 2M tonnes annually
Scalping of fines from the

VGCX.com
Secondary Tertiary
Crushing Plant
• Increases of ore to the pad

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by 2M tonnes annually

“Project 250K” – Increase Production to 250,000 ozs/yr by 2023

10
Project 2040
Eagle Deep Drilling

Eagle pit currently

planned to 350 meters
depth, but we know
mineralization continues
to +650 meters

VGCX.com
Drilled 6,200m in 10 holes
More drilling planned for

TSX : VGCX OTC: VITFF

late fall
Resource update by end
of year

“Project 2040” – Extend Mine Life by 10 Years to 2040

11
Exploration – Becoming a District

VGCX.com
TSX : VGCX OTC: VITFF
Gold, Silver, & Tungsten Deposits
12
Exploration – Raven
10,000m of trenching and 43
diamond drillholes
Long multi gram intercepts in 90%
of holes
Defined strike 750m, width 400m,
and depth 180m, but open in all

VGCX.com
directions
Three drills currently operating

TSX : VGCX OTC: VITFF

Goal is maiden resource by end of
year

2021 – $12.5 Million Exploration Budget

13
Exploration – Lynx

15 trenches
Detailed mapping of veins and joint
sets in trenches main focus, 100+
structural measurements have
been recorded.

VGCX.com
One drill currently operating

TSX : VGCX OTC: VITFF

14
Exploration – Rex-Peso

Silver target
West of Eagle
One drill currently operating
4000m planned

VGCX.com
TSX : VGCX OTC: VITFF
15
Blue Chip Shareholder Registry
Shares Percentage of
Holder Owned Shares Issued 1 Year Share Price
(000’s) (%)
Orion Mine Finance 11,452 18.3%
Coeur Mining 11,068 17.8%
Van Eck 5,441 8.7%
Fidelity 3,010 4.8%
Fourth Sail 1,940 3.1%
VGCX Officers & Directors 1,837 3.0%
Banque de Luxembourg 1,500 2.4%

VGCX.com
Sentry 1,082 1.7%
Sun Valley 925 1.5%
John McConnell 724 1.1%
Sprott 660 1.1% Capitalization

TSX : VGCX OTC: VITFF

ALPS 641 1.0%
SSI Asset Mgmt 620 1.0% Share Price (at Sept 8, 2021) $16.00
Invesco 566 0.9% Basic Shares O/S 62.5M
Ixios 530 0.9%
Warrants & Options 3.4M
Polygon 530 0.9%
Gabelli Funds 526 0.8% Market Cap $1,000.0M
Valuestone Source: Company filings, FactSet,500
SEDI, Holdings may change overtime0.8%

BlackRock 404 0.7% Balance Sheet

Sean Harvey 350 0.5% Cash (June 30, 2021) $14.8M
Marty Rendall 208 0.3%
Debt (June 30, 2021) $251.9M
Rothschild AM 166 0.3%
TD AM 132 0.2% Inventory* (June 30, 2021) $120.3M
RBC AM 126 0.2% *valuation based on cost rather than market value
16
Other Institutions 467 0.8%
Analyst Coverage

PI Financial (11May20) – We see VGCX trading at a 0.53x

Adj. P/NAV multiple vs. junior gold producer peers
Institutional Firm Analyst Target Price
trading in a wide range but averaging at ~0.67x NAV
multiple. As such, we see VGCX trading at a discount to
peers which reflects potential for a re-rating should Eagle PI Financial Chris Thompson $23.00
achieve and/or surpass expectations. We maintain our
BUY rating but increase our target to C$16.25 (previously BMO Capital Markets Andrew Mikitchook $21.00

VGCX.com
C$14.00) derived by applying a 0.9x multiple on our NAV
estimate at US$1,650/oz Au. Cormark Richard Gray $22.00

BMO Capital Markets (06Jan21) – Victoria Gold (VGCX): Paradigm Don Blyth $17.00

TSX : VGCX OTC: VITFF

Notable in the press release is the strong stacking
performance in December of over 1mm tonnes, which
approached half of the tonnes stacked in thequarter –
this suggests materials handling challenges from earlier
parts of 2020 have been at least partially resolved.

Cormark (17May21) – With Coeur Mining recently acquiring a 17.8% stake in Victoria from Orion, takeover
speculation has increased. We believe assets like Eagle, which will produce over 200,000 oz/yr for at least the
next ten years and is located in a geopolitically safe jurisdiction, are scarce and as such tend to get acquired near
or above the NAV, which we currently estimate at $20.00. We are increasing our target price to C$22.00 (from
C$20.00) to reflect the potential for a takeover.
17
Successful Team
JOHN MCCONNELL
DIRECTOR, PRESIDENT & CEO
• 35 years in mining industry; operations, permitting,
engineering, project mgt & mining company executive
• Nanisivik, Strathcona, Breakwater, De Beers, Western Keltic
MARTY RENDALL
CFO
• 26 years in mining; base metals, diamonds, gold;
exploration, development, operations
• Breakwater, De Beers
MARK AYRANTO
CHIEF OPERATING OFFICER
• 17 years mining, operations, development, permitting
• StrataGold, Chair of Yukon Mineral Advisory Board to
the Minister of Energy, Mines & Resources
DAVE ROULEAU
VICE PRESIDENT, OPERATIONS
• 30 years operations & management.
• Taseko, Horizon Oil Sands, Teck Cominco
PAUL GRAY
VICE PRESIDENT, TECHNICAL SERVICES
• 20 years exploration geologist; precious metals, base
metals, development.
• Doublestar, Bluerock, Selkirk Minerals, Argus Metals
T. SEAN HARVEY, NON-EXECUTIVECHAIRMAN
• 25 years experience; investment banking, mining
company executive, corporate director
• BMO, Deutsche Bank, TVX, Perseus, Moto Gold, Andina
CHRISTOPHER HILL, DIRECTOR
• 18 years in the mining industry; construction and
infrastructure development, mining company executive
• Bank of Nova Scotia, Lac Minerals, Barrick, Kinross, Aecon
VGCX.com
MICHAEL MCINNIS, DIRECTOR
• 35 years in the mining industry; exploration, mining company
executive, corporate director
• Gateway, Riverstone, Abacus
TSX : VGCX OTC: VITFF
LETHA MACLACHLAN, DIRECTOR
• 35 years in mining industry law – regulatory, environmental,
permitting, & Aboriginal law in northern Canada
• Queen’s Council, Environmental & Resource Law, Cda Nuclear
Safety, Bennett Jones
JOE OVSENEK, DIRECTOR
• 25 years in mining; development, financing
• P2Gold, Pretium, Silver Standard
STEPHEN SCOTT, DIRECTOR
• 30 years in mining industry; acquisitions, divestments, financing
• Entrée, Rio Tinto, Atalaya, Nevsun
18
Environmental, Social, & Governance
Health & Safety Community Environmental Yukoners
24/7 Investment Stewardship at Work

>3.0 million

VGCX.com
CBA with First Zero Largest private
work hours with Nation significant environmental sector employer
incidents
only 3 Comprehensive Cooperation in Yukon
Benefits Agreement with First
LTI incidents

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Nation of Na-Cho Nyak Dun
signed in 2011 Independent 350-400
~$200,000,000 environmental Workforce comprised of
Safety 24/7
contracts with Yukon monitors 50%
ERT Team companies from partner First Nation Yukoners
Emergency Response Team
with men & women members >$1,000,000 Rigorous
raised since 2012 25%
JOHSC to improve student Environmental Women
attendance throughout the
Joint Occupational Health &
Territory Review
Safety Committee and permitting process
completed collaboratively
25%
Safety Message First Nations
at every meeting with regulators, First Nations,
& community.

19
Mining

VGCX.com
Drilling in Eagle Phase 2 Blasting in Eagle Phase 1

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Loading Ore in Eagle Phase 1 Hauling Waste from Eagle Phase 2 20
Crushing/Conveying

VGCX.com
Primary Crushing Tertiary Crusher Feed Belt

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Secondary Crushing and Screening Overland Conveyor Linking Secondary to HLF 21
Stacking/Leaching

VGCX.com
Stacking and Leaching on the HLF Retreat Stacking with Mobile Conveyance System

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Installing Drip Emitters with CAT D6 Dozer Area under Leach on the HLF 22
ADR Plant

VGCX.com
Carbon Columns Train Stripping Circuit Heat Exchanger

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Filtering/Drying Au Concentrate Pouring Gold 23
Why Victoria?

Ramping Up to +200,000 oz/year

Generate Significant Free Cash Flow
Production Increase to 250k by 2023
Mine Life Extension to 2040

VGCX.com
Grade and Recovery Reconciling
Robust Exploration Program

TSX : VGCX OTC: VITFF

Blue Chip Shareholder Registry
Coeur has Purchased 17.8% of VGCX
ESG Leader

24
For more information, please contact:

VGCX.com
JOHN MCCONNELL,

TSX : VGCX OTC: VITFF

VICTORIA GOLD CORP
PRESIDENT & CEO
604-696-6605
ceo@vgcx.com

VGCX.com

25
APPENDIX

Appendix - General
September 2021

TSX: VGCX OTC: VITFF VGCX.com

26
APPENDIX

Recent Coverage & Press

Aug 30, 2021 PI Financial – Site Visit Confirms Eagle has Emerged from Ramp Up Stronger Than Ever
Aug.27, 2021 Silicon Review – VGCX 50 Most Trustworthy Companies of the Year 2021
Aug.26, 2021 BMO – EGM Site Visit Shows Eagle Starting to Soar
Aug.16, 2021 Cormark – VGCX Mixed Q2/21 Financial Statement – Production Trending to Lower End of BNN Investor Alert
Guidance
Aug.14, 2021 121 Assay Weekly - VGCX Reports Solid 2021 Second Quarter
Aug.14, 2021 Calandra Report – D-Day Marks Gold Discovery in Yukon
Aug.13, 2021 Press Release – VGCX 2021 Q2 Financial Results
Jul.27, 2021 CBC News – VGCX Wants to Double Down on Hunt for Silver & Gold in Yukon Commodity TV

Jul.27, 2021 Seeking Alpha – VGCX Gearing Up for a Strong Second Half
Jul.16, 2021 Mining News North of 60 – VGCX Eagle Gold Mine Output Trends Higher
Jul.12, 2021 Press Release – VGCX Announces Eagle Gold Mine Q2 2021 Production
Jul.08, 2021 Seeking Alpha – VGCX: A Takeover Target
Jun.14, 2021 BTV CEO Clips – VGCX Heading Into Full Production
Up Here Business
Jun.14, 2021 BNN Bloomberg – VGCX Investor Alert
Jun.14, 2021 JS Research – VGCX mention in The Largest Gold Reserves in the World
Jun.04, 2021 Mining News North of 60 – Major Moves on Northern Mine Projects – VGCX/Coeur
May 29, 2021 BTV/BNN Bloomberg – VGCX Aiming for Full Production During 2021
May 28, 2021 Mining News North of 60 - VGCX Steps Up Drilling at Raven B-TV CEO Clips
May 27, 2021 Press Release – VGCX Announces Normal Course Issuer Bid
May 25, 2021 Press Release – Dublin Gulch Gold Camp 2021 Exploration Season – Raven to be Primary Focus
May 24, 2021 Northern Miner – VGCX featured in Canadian Gold Snapshot
May 18, 2021 Cormark Securities – Precious Metals Weekly – VGCX in Top Research Headlines
Crux Investor 27
May 17, 2021 Cormark Securities – VGCX Q1/21 Beats On Lower Costs
APPENDIX

Loan Facility – BMO, CIBC, BNP, CAT - refinanced in Dec. 2020

Term Facility
• Approximately US$83M outstanding (Q2 2021)
• Interest = Libor + 3.0-4.0%
̶ Rate dependent upon Leverage Ratio
• 12 quarterly principal and interest payments from March 2021 –
December 2023

VGCX.com
Revolving Credit Facility
• Approximately US$78M outstanding (Q2 2021)
• Interest = Libor + 3.0-4.0%

TSX : VGCX OTC: VITFF

̶ Rate dependent upon Leverage Ratio
• Interest paid quarterly
• Any remaining Principal repaid at maturity in December 2023
Cat Equipment Lease Facility
• Approximately US$34M outstanding (Q2 2021)
• Interest = Libor + 3.5%
• Quarterly principal and interest started from drawdown (over 4-6 years)
Combined quarterly payments are approximately US$11M (C$14M)
28
 APPENDIX

Gold Hedging Information

1. Put Options
• 5,000 ozs per month through March 2022
• Strike price of US$1,700 per ounce
• Provides downside gold price protection while retaining 100% of gold price upside
2. Collar (established in May 2018)

VGCX.com
• 15,000 ozs on Sept. 30, 2021
• 15,000 ozs on Dec. 31, 2021

TSX : VGCX OTC: VITFF

Floor price is C$1,500 per oz (purchased put options)
• If gold price falls below this price, a payment is received by VGCX
• Payment = C$1,500 less actual price multiplied by # of hedged ozs

Roof price is C$1,936 per oz (sold call options)

• If gold price goes above this price, a payment is made by VGCX
• Payment = actual price less C$1,936 multiplied by # of hedged ozs

29
APPENDIX

Reserves

Ore Diluted Grade Contained Gold

Type
(M t) (g/t) (K oz)

Eagle Proven 30 0.71 694

Eagle Probable 118 0.63 2,366

VGCX.com
Total Eagle 148 0.64 3,061

Olive Proven 2 1.02 58

TSX : VGCX OTC: VITFF

Olive Probable 5 0.93 142

Total Olive 7 0.95 200

Total Eagle + Olive 155 0.65 3,261

Notes to Table:
1. The effective date for the Mineral Resource is November 15th, 2019
2. Mineral Reserves are included within Minerals Resources.

30
APPENDIX

Metallurgy Recovery
LOM recovery – Eagle: 77%, ROM: 60%, Olive: 56.8%, Total: 76%
All recoveries used in the 2016 FS are de-rated 2-3% from lab results
LOM Quantity
Parameter Au Recovery (% Au) LOM Quantity (Mt)
(%)
Eagle Crushed Ore
Type 1 – oxide granodiorite 86 33.7 22

VGCX.com
Tonnes
Type 2 – altered of solution/ore vs Recovery
granodiorite 75 9.6 6
100%
Type 390%
– unaltered granodiorite 73 62.8 41

TSX : VGCX OTC: VITFF

80%
Gold Recovery (%)

Type 470%
– oxide metasediments 73 5.4 3
60%
Type 5 – unaltered metasediments
50% 68 1.3 1
40%
Eagle ROM Ore 30%
20%
All 10%
0%
55 35 23
0.0 0.5 1.0 1.5 2.0 2.5 3.0
Olive Crushed Ore
Tonnes of Solution / Tonne of Ore
Oxide 66 1.4 1
Mixed 55 3.6 2
Sulfide 52 1.5 1 31
 APPENDIX

Summary of Current Operations and Future Operations

Mining Primary Crusher Secondary & Tertiary Crusher
Secondary product size – 25 mm
Current 29,500 tpd ore and 7,500 tpd ROM Product size – 4.5”
Tertiary product size – 15 mm
Growth Initiatives
50,000 tpd ore + ROM No change No change
(Project 250K & 2040)

1 2

VGCX.com
TSX : VGCX OTC: VITFF
Heap Leach Pad ADR Plant Gold Production
+100 Mt ore capacity
45 day primary leach cycle
Current Average recovery rate of 95 - 96% 2.2 mm oz of LOM gold production
90 day secondary leach cycle
Average recovery rate of 77%

Growth Initiatives Second heap leach pad in 2026 with an Carbon-in-Column (“CIC”) build
5.1 mm oz of LOM gold production
(Project 250K & 2040) incremental +120 Mt ore capacity adjacent to the second heap leap pad

32
APPENDIX 1

Primary Crusher & Coarse Ore Transfer

PRIMARY CRUSHER – AERIAL VIEW

VGCX.com
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33
APPENDIX 1

Primary Crusher: Metso Superior MK-II 50-65

PRIMARY CRUSHER CROSS-SECTIONAL VIEW SPECIFICATIONS

1st stage of crushing

Metso Superior MK-II 50-65
Product size – 4.5”

VGCX.com
200 TON
CAPACITY

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34
APPENDIX 1

Coarse Ore Stockpile (2,000 Ton Live Capacity)

COARSE ORE STOCKPILE SYSTEM
VIBRATING FEEDERS

VGCX.com
CSP TUNNEL SECONDARY CRUSHER FEED

TSX : VGCX OTC: VITFF

CONVEYOR

VIBRATING PLAN FEEDERS (2)

35
APPENDIX 2

Secondary & Tertiary Crushing Plant

CONVEYOR SYSTEM – AERIAL VIEW SPECIFICATIONS
Secondary crushing
• 1 - Metso MP 1250 Standard Head Crusher
• Product size = 25 mm
Tertiary crushing

VGCX.com
• 3 - Metso MP 1250 Short Head Crusher
• Product size = 15 mm

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CRUSHING PLANT

36
APPENDIX 2

Secondary & Tertiary Crushing Plant

SECONDARY & TERTIARY CRUSHING PLANT SCHEMATIC

VGCX.com
TERTIARY SCREENS
SECONDARY SCREEN

TSX : VGCX OTC: VITFF

1 METSO MP 1250
3 METSO MP 1250 SECONDARY
TERTIARY CRUSHERS CRUSHER

37
APPENDIX

ADR Plant: 8 Ton Carbon Plant (2,000 m3/hr)

ADR PLANT – CROSS SECTIONAL VIEW COMMENTARY

• Refinements to kiln operation have increased carbon activity
and recovery in the ADR plant
• Ongoing trial to reduce the quantity of acid and caustic soda
in the acid washing and neutralization processes
Ongoing Initiatives:

VGCX.com
• Optimizing the elution and electrowinning circuit
• Reviewing the short-term model for better forecasting
• Collecting more samples for geo-metallurgical testing

TSX : VGCX OTC: VITFF

ADR PLANT – PLAN VIEW ADR PLANT

38
APPENDIX

Infrastructure: Truck Shop and Water Treatment Plant

TRUCK SHOP AND WATER TREATMENT DESIGN
COMMENTARY
Four bay truck shop is under
construction and will be available by
October 2021
Water treatment plant is in the final
stages of engineering for layout;
major mechanical equipment has

VGCX.com
been ordered
• Expected completion in May 2022

TSX : VGCX OTC: VITFF

39
APPENDIX

Operations Leadership Team

Chief Operating Contractor / Temporary
Officer
Mark Ayranto
Salary Employee
VP Operations
& GM
Dave Rouleau

Senior
Senior Operational
Administration

VGCX.com
Resource Specialist
Coordinator
Michael Palmer
Kelly Magnusson

General Manager
Kelly Parker

TSX : VGCX OTC: VITFF

Administration
Manager
David Crottey

Mine
Process Maintenance & Site Services Environmental Supply Chain Health, Safety & Human Resources
Superintendent
Superintendent Project Manager Manager Superintendent Superintendent Security Manager Superintendent
Andrew Balance
Tyler Christian Steve Dew Mike Gunn William Bowden Phil MacLean Ed Lloyd Darlene Schmidt
(A/B)

40
APPENDIX

Commitment to the Yukon and First Nations

Largest private sector employer in the Yukon

Employment Workforce of ~600 employees and contractors
and Training ~25% women
~25% First Nations

VGCX.com
Comprehensive Cooperation Benefits
Agreement with First Nation of Na-Cho-Nyak

TSX : VGCX OTC: VITFF

Dun (signed in 2011)
~$200 mm in contracts with Yukon-based
companies
Investment in
the >$1 mm raised since 2012 to improve student
Community attendance
Focused on “Every Student, Every Day”
Actively supported Yukon community
organizations to support fundraising initiatives
during COVID-19
41