The document summarizes the major points for Enduro Metals' Newmont Lake Project located in British Columbia's Golden Triangle region. The 618km2 project contains 4 major mineralized systems - McLymont Fault, Burgundy, Chachi, and Cuba - that have seen little historical exploration. Recent drilling by Enduro at the McLymont Fault intersected high-grade gold mineralization over significant widths. Diamond drilling in 2019 at Burgundy discovered a copper-gold alkalic porphyry system over 2.3km. Grassroots exploration in 2019 at Chachi identified the largest multi-element anomaly on the property through surface sampling, including high grades of copper and silver. Cuba contains multiple silver/zinc soil

1. Major Points for Enduro Metals (TSXV: ENDR)
Newmont Lake Project, a district sized property - 618km2
in the heart of the Golden Triangle between Eskay Creek
and Galore Creek. Size is second only to Pretium in the area.
‘The Pizza Theory’, imagine the Golden Triangle as a pizza slice, a pepperoni pizza specifically. The Newmont Lake
is the last large district scale pepperoni that has not had any major work done on it, yet, while we know how
mineral endowed the rest of the camp is. Most of the total drilling on the property done between 1987 – 1990, in
total history of the project only a total of 38,000m of drilling. Defined a gold resource from surface with 5.12 g/t
AuEQ. Glaciers once covered major parts of project have disappeared. Very little work since as previous operator
held claims for almost 20 years.
Brand New Management and Board in 2020 – New CEO is largest shareholder and geologist, invested over $2
million cash and has worked on > 3,000km2
of Golden Triangle. Mix of young and seasoned expert technical team
who are very experienced in area, and very excited about the project. Rob McEwen is a shareholder and supporter
of new CEO plus project.
4 major systems identified on property: McLymont Fault, Burgundy, Cuba, Chachi

2. McLymont Fault:
>20km regional fault small historic resource at NW Zone from 1980’s of 200K oz Au, 291K oz Ag, and 6M
lbs copper at average 5.12 g/t AuEQ. Focused only on high-grade skarn within 80m of surface.
Enduro recently sampled R-08-07 with uncut 144m of 3.18 g/t Au starting at 9.51m in first continuous
assay through historic resource from old drill core.
Company stepped-out 150m to the NE from R-08-07 and drilled 188m of 1.12 g/t Au starting at 67.0m
depth including 44m of 4.03 g/t Au, 4.06 g/t Ag, and 0.29% Cu outside historic resource. Hole stopped at
256m still in gold mineralization.
Identified 3 gold mineralization styles and IP geophysics suggests system continues for 1,500m to the NE.
Team believes shallow skarn is small expression of virtually untested gold porphyry system like KSM or
Treaty Creek. McLymont Fault is same approximate orientation of Treaty Creek and has Texas Creek
intrusions directly in the hanging wall.
Burgundy – FIRST DIAMOND DRILLING IN 2019:
Discovered copper-gold alkalic porphyry system in first diamond drill holes.
Geophysics, drilling, and mapping indicates system is 2.3km in overall length.
First-pass drilling in 2019. Shallow intersects including 91m of 0.38% Cu, 0.30 g/t Au starting at 37m. Only
156m hole that collapsed in mineralization. Multiple other broad and shallow intersects in first drill holes
over 600m area with drill core as high-grade as 8.98% Cu, 2.36% Zn, 0.62 g/t Au, and 35.97 g/t Ag over
narrow interval.

3. First surface channel completed 2019: continuous 37m of 1.31% Cu, 1.49 g/t Au, 23.26 g/t Ag, and 2.97%
Zn on surface directly cross-cutting surface lithology. NEVER BEEN DRILLED.
Chachi – First discovered 2019, NEVER BEEN DRILLED:
Systematic grassroots program in 2019 of 1,000’s of rock and soil samples over untouched area.
Highlighted largest multi-element anomaly known by technical team. Discovered high-grade gold, silver,
copper, nickel, cobalt, zinc on surface over 9km x 4km area.
Located in footwall of >30km regional McGilvery Fault
Corresponding IP geophysics indicates multiple centres of mineralization. Largest feature 1000m x 450m
x 500m open at depth.
Direct correlation with high-grade copper-silver at surface in first-ever sample over 120m where main
anomaly outcrops including: 5.36% Cu and 35.82 g/t Ag, 2.74% Cu and 301 g/t Ag, 1.88% Cu and 172 g/t
Ag, 1.16% Cu and 64.99 g/t Ag, 1.00% Cu and 47.30 g/t Ag.
Cuba – NEVER BEEN DRILLED:
Multiple silver/zinc in soil anomalies along >30km McGilvery Fault
Largest is 2000m x 200m silver anomaly. Rock samples over area include:
• 2,350 g/t Ag, 15.20% Zn, 1.30% Cu, and 0.59% Pb
• 2,338 g/t Ag, 12.90% Zn, 1.60% Cu, and 0.16% Pb
• 1,022 g/t Ag, 7.10% Zn, 0.30% Cu, and 0.69% Pb
First channel sample on surface: 2.4m of 1,071 g/t Ag, 9.30% Zn, 0.37% Cu, and 2.0% Pb
Second channel sample ~150m away 4.8m of 728 g/t Ag, 7.70% Zn, 0.19% Cu, and 6.2% Pb