Chile – Apollo Gold Corp. - Apollo Gold Corp.

República de Chile

República del Peru

Chile: Top Ranked Mining Jurisdiction in South America

Chile Is A Worldwide Leader In Mining

Hosts 22% of the world’s copper reserves, 7% gold, 5% silver, 11% molybdenum and 48% lithium
The largest global miners operate in Chile – investment forecast to exceed US$60 billion over next seven years (InvestChile.gob.cl)
Mining investment & project pipeline 2019-2026 of US$22B in execution and US$31B in evaluation (Mining Council Report 2019)
Chile is a mature, transparent and stable mining jurisdiction
Highest ranked country in South America for investment attractiveness by Fraser Institute
Combines mining potential and policy perception
Ranked 6th globally in 2018 and 17th in 2019

Apollo Gold Surrounded by Majors

Barrick Gold Corporation, Antofagasta PLC & CODELCO dominate the district

Strategic Location – Outstanding Opportunity

PRODUCERS & DEVELOPERS NEARBY
COMPANY		MKT. CAP.
BARRICK GOLD	2nd largest global gold producer	$47.8B
CODELCO	2nd largest global copper producer	est. $27.5B
ANTOFAGASTA	10th largest global copper producer, 50% owned by Barrick	$7.6B
APOLLO GOLD	ideally positioned	$31.7M

Apollo Gold: One of the very few junior miners to acquire a meaningful position in this prolific trend

The Region

El Indio Gold Belt - Prolific Gold Trend

The El Indio Gold Belt hosts some of the largest gold deposits in the world.

EL INDIO GOLD BELT DEPOSITS
NAME	GOLD M/oz	SILVER M/oz
Pascua Lama	21.5	736.5
Veladero	7.7	116.7
El Indio	6.2	47.2
Alturas	6.1	Not available
Tambo	0.5	3.8
Sancarrón	0.4	4.6
TOTALS	42.4	908.8

Our Property

Location, Location, Location

Mineral Rights to 90% of Highly Prospective Concessions

A fortuitous lapse in licensing provided the unique opportunity to acquire these claims, a number of which were previously held by Barrick Gold
The Apollo/Sancarrón concessions are considered highly prospective for gold and silver deposits.
Our claims encompass 5,329 hectares in the heart of the EL Indio Gold Belt surrounded by major mines and deposits.
The Pascua-Lama mine (21 million ounces gold) is on trend just 35 kms to the north.
The former El Indio gold-silver mine is on trend 30 kms to the south. It produced over 6.7 million ounces of gold / 51 million ounces of silver (1981-2001).
The most recent discovery in the region is the Barrick owned Alturas mine (6.1 million ounces gold) just 30 kms south of the El Indio mine.

Claim Areas

Apollo & Sancarrón Concessions

5,329 hectares of highly prospective concessions including exploitation (right-to-mine) concessions

Consists of 5 exploration and 18 exploitation concessions
- 9 extensive zones of gold & silver bearing hydrothermal alteration (10.5 Kms²)
- Rock Grab samples: 2.1 g/t Au to 97.48 g/t Au & 46.4 g/t Ag to 158.8 g/t Ag*
Mineralization / zones of alteration at Apollo bear strong similarities to nearby mines
The Barrick-owned Alturas gold property (6.1 million ounces of gold) is a strong analog for Apollo
- Alturas is the most recent discovery in the Belt as of 2015
- The Apollo and Sancarrón claims are on strike with Alturas and include areas of alteration similar in nature / size on both

*Provided by, or reported on by, Lithium Chile Inc., including in its press release dated March 9, 2020. A qualified person has not done sufficient work to classify any of these estimates as current mineral resources or mineral reserves and these estimates are being treated as historical in nature and not as current mineral resources or mineral reserves. These historical estimates are presented for context only and should not be relied upon for assessing the merits of the Apollo and Sancarron concessions.