The acquisition will create one of the largest undeveloped gold projects in North America by combining Moneta Porcupine's Golden Highway project and O3 Mining's Garrison project located in the Timmins gold camp. The transaction will see Moneta issue approximately 150 million shares to O3 Mining, making O3 a ~30% shareholder. The combined projects will have over 8 million ounces of gold in resources across open pit and underground deposits and consolidate over 26,000 hectares of prospective land in the prolific Timmins camp. The scale and synergies of the combined project are expected to provide significant development flexibility and operational cost savings compared to developing the projects individually.

1. TSX: ME
OTC: MPUCF IXETRA: MOP
Garrison Project Acquisition
January 2021
MAJOR GOLD PROJECT CREATED IN
PARTNERSHIP WITH O3 MINING
OTC: MPUCF; Xetra: MOP
TSX : ME

2. Forward-Looking Statements
2
This presentation contains forward-looking information and forward-looking statements, collectively “forward-looking statements”. All
statements, other than statements of historical fact, that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration programs,
potential mineralization, future plans and objectives of the Company, updated to the mineral resources, and the timing and results
thereof) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company
based on information currently available to the Company.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to
differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially
realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could
cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the
availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations
affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other
risks involved in the mineral exploration industry.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements
are reasonable, forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.
Gary O’Connor, FAusIMM is a qualified person under NI 43-101 and has reviewed and approved the contents of this presentation.
TSX : ME

3. 3TSX : ME
Building World Class Size Gold Project
Creates a new top 3 Canadian
undeveloped gold project
Attractive synergies for
new mine build in Timmins
Re-rating Potential
• Combined projects – Garrison
(O3 Mining) and Golden Highway
(Moneta Porcupine) – have 8.4
Moz gold1
• 70,000 hectares to explore in the
Timmins Camp
• Garrison and Golden Highway
recently published PEA’s.
Potential for substantial
development flexibility and
operational synergies
• O3 Mining and Moneta
Porcupine partnership results in
access to greater funding
options and lower cost of capital
• Re-rating to come from de-risking
the combined project through
larger gold resource base,
increased funding and permitting
certainty and an enhanced
development scenario
• Greater scale and potential
economic synergies make the
combined projects more
attractive to institutional
shareholders
1 2 3
Garrison Project
+ Golden Highway
Consolidation Highlights
1/ See Appendix – Mineral Inventory: N.I. 43-101 technical report Golden Highway dated on December 10, 2020, and Garrison Resources Update dated on December 14, 2020

4. 4TSX : ME
Transaction Summary
1/ See Appendix – Mineral Inventory: N.I. 43-101 technical report Golden Highway dated on December 10, 2020, and Garrison Resources Update dated on December 14, 2020
• Moneta and O3 have entered into a definitive share purchase agreement whereby Moneta will acquire all the
outstanding commons shares of Northern Gold (a subsidiary of O3 which owns the Garrison Project)
Proposed
Transaction
• Moneta will issue approximately 150 million shares to O3
– O3 will own approximately 30% of Moneta (pre-financing)
Consideration
• 66 2/3 required vote required
• Shareholder meeting will take place in the second quarter of 2021
Shareholder
Approval
• Officers and Directors of the company along with certain shareholders of Moneta have entered into voting support
agreements in support of the transaction
Shareholder
Support
• Board of Directors to be comprised of 8 directors:
– 5 nominated by Moneta
– 2 nominated by O3
– 1 independent director to be determined
• Gary O’Connor and his executive team will lead the combined entity
Management &
Board
• Moneta shareholder meeting and closing of the Transaction expected to take place in the second quarter of 2021Timing

5. Major Gold Project in the Timmins Camp
5TSX : ME
❖ Timmins Gold Camp has produced >85Moz Gold over the last 100 years
❖ Canada’s most prolific gold producing camp
❖ Excellent infrastructure (roads, power, mills and local workforce)
❖ Safe Jurisdiction: Ontario, Canada
Tower Gold Project
Tower Gold Project

6. 6TSX : ME
One of the largest undeveloped gold mining projects in
North America
Benefits to Moneta Shareholders
Immediate potential for a much larger scale project than
originally envisioned in the PEA studies recently completed
on the Golden Highway and Garrison gold projects with
substantial economic benefits to be realized from
operational and development synergies
Expanded optionality for the development of resources
Land position increase by 73% for resource expansion in
the prolific Timmins Gold Camp
Potential starter pit at Garrison containing 1,070,000 oz of
Au at a grade of 1.04 g/t of Au at a low strip ratio of 2.7:1
and a cash production cost of US$721/oz of Au with
outcropping gold mineralization to augment the
development of Moneta's open pit resources
O3 Mining to support Moneta through board
representation and as its largest shareholder
Combined exploration agreements and consolidation of
good working relations with the Wahgoshig First Nation
Continued resource expansion and district consolidation
opportunities

7. 7TSX : ME
Timmins Gold Camp has
produced >85Moz Gold
over the last 100 years
Canada’s most prolific
gold producing camp
Contiguous Land Package
Top 3 Undeveloped Project in Canada
Significant resource base
Established mining camp
Re-rate opportunity towards advanced developer peers
De-risking potential from financing and development
perspective
Well positioned amongst Canadian Developer peers:
Gold Projects in the Timmins Camp
Open pit
1.82 Moz Ind
1.06 Moz inf
Underground
0.63 Moz Ind
2.13 Moz inf
Open pit
1.10 Moz Ind
1.03 Moz inf
Open pit
0.41 Moz Ind
0.18 Moz inf

8. 8TSX : ME
Production
Standalone gold production when combined
surpasses 200,000 Oz per year
Exploration Potential
Future mine expansions possible by further
exploring open pit potential at Golden
Highway and Garrison
Metallurgy
Ores from both projects are very similar in
hardness and chemical nature enabling the
combined operations to blend and process
ores seamlessly using conventional and
proven equipment
Capital Costs
Standalone initial capital costs of the assets
are ~ C$144 and C$267M. When combined,
this will be considerably reduced through
realization of synergies between the projects
Industrial Facility Footprint
The overall footprint of the facilities will be
reduced as common buildings, process plant
area, and tailings storage areas are combined
Increased Funding Potential
O3 Mining and Moneta Porcupine partnership
improves access to funding options and lower
cost of capital
85% Significant increase in indicated resources
2.7:1
Provides starter pit at Garrison containing
1,070,000 oz Au at a grade of 1.04 g/t Au at
a strip ratio of 2.7:1
Value Creation through Synergies

9. 9TSX : ME
Strategic Location: Adjacent Resources
Tower Gold Project
Garrison Open Pit
• 1.82 Moz Ind
• 1.06 Moz inf
Golden Highway Underground
• 0.63 Moz Ind
• 2.13 Moz inf
Windjammer South Open Pit
• 1.10 Moz Ind
• 1.03 Moz inf
55 Open Pit
• 0.41 Moz Ind
• 0.18 Moz inf 2 km
Isometric view to NE NE
SW

10. FD ITM Market Cap (C$MM) $277 $1,222 $739 $734 $1,025 $1,036 $423 $247 $283 $210 $185 $168
Au Eq. Resources (MM oz) 1.4 5.7 4.1 4.7 7.2 7.0 4.4 3.4 4.5 3.9 3.9 8.4
$0
$50
$100
$150
Battle
North
Osisko
Mining
Marathon
Skeena
Sabina
Osisko
Dev't
Corvus
Probe
Integra
Fury
KORE
New
Moneta
10TSX : ME
Peer Group Comparison
Significant Potential Upside
EV/Au Eq. Resources (US$/oz)
Compelling New Moneta value proposition provides opportunity for re-rate
$16
Source: FactSet and company disclosure.
Notes: New Moneta shown pre-financing. Resources shown inclusive of reserves. Au Eq. resources based on consensus LT price estimates of (US$): Au-$1,600/oz; Ag-$22.50/oz.

11. 11
Re-Rating Potential
EV / Resources (US$/oz AuEq) (1)
$131
$119 $118
$110
$94
$80
$69
$54
$43
$38 $35 $31
$16
Marathon
BattleNorth
OsiskoMining
Skeena
Sabina
OsiskoDev't
Corvus
Artemis
Probe
Integra
Fury
KORE
NewMoneta
Peer Average: US$77/oz
Total Resources (Moz AuEq)
13.7
8.4
7.2 7.0
5.7 5.5
4.7 4.5 4.4 4.1 3.9 3.9
3.4
1.4
Artemis
NewMoneta
Sabina
OsiskoDev't
OsiskoMining
Moneta
Skeena
Integra
Corvus
Marathon
Fury
KORE
Probe
BattleNorth
Creates a Timmins Gold Camp
development company with a
significant resource base
(3,967,000 ounces Au indicated
and 4,399,000 ounces Au
inferred)
+8 Moz
of gold
Consolidates 26,345 ha of
prospective ground in an
established mining camp
+25K ha
TSX : ME
Source: FactSet
Note: Shown pre-financing.
1/ As of January 13, 2020

12. Net Asset Value (C$M) EV / Au Resources Re-Rating Potential (C$/ME share)
$178
$594
--
$100
$200
$300
$400
$500
$600
$700
New Moneta
Market Capitalization
New Moneta
Valuation
C$0.34
per share
C$1.13
per share
C$0.34
C$0.83
C$1.24
C$1.58
C$2.05
Current
Moneta Share
Price
US$40/oz US$60/oz US$77/oz
(Peer Average)
US$100/oz
Premium to
Current
145% 264% 364% 503%
12TSX : ME
Re-Rating Potential (cont’d)
Source: FactSet
Note: Shown pre-financing.
1/ As of January 13, 2020
Excluding synergies,
the Garrison and
Golden Highway
Projects will have a
combined NPV5% of
C$594 at US$1,500
Au or C$1.13 per
share

13. 13TSX : ME
NewCo is well positioned and capitalized to advance the development of the combined entity and create the
next gold mine in Timmins Ontario
NewCo
Completion of
combination to form
NewCo
H1-
2021
H1-
2021
Drill
Complete drilling campaign at
Golden Highway
30,000m
H2-
2022
FS
Completion of Study of
combined project
H2-
2021
40,000m drilling program
Combined PEA &
expanded resource update
Metallurgical test work &
optimize flow sheet
PEA
H1-
2022
RE
New resource
estimate for
combined project
Milestones

14. 14TSX : ME
Appendices

15. 15TSX : ME
Golden Highway Project
December 2020 Resource* Update Footprint
*Micon, December 2020
Underground
0.63 Moz Ind
2.13 Moz inf
Open pit
1.10 Moz Ind
1.03 Moz inf
Open pit
0.41 Moz Ind
0.18 Moz inf

16. 16TSX : ME
South West PEA: Summary Results
Robust Underground Development
Economics Pre-Tax Post-Tax
Net present value (NPV5%) C$ million $368.2 $236.4
Internal rate of return (IRR) % 39.2% 29.7%
Payback Period (undiscounted) years 2.9 years 3.4 years
LOM avg. annual cash flow C$ million $66.9 $48.6
LOM cumulative cash flow
(undiscounted)
C$ million $556.3 $371.3
Profitability Index NPV/Initial Capital 1.64
Peak Investment C$ million C$114.3
Initial Capital Costs C$ Million C$144.2
Sustaining Capital Costs (LOM) C$ Million C$135.7
Gold price assumption US$ per ounce US$1,500
Exchange rate US$/C$ 0.77
PEA Highlights
• After tax NPV5% of C$236MM
• After tax IRR of 30%
• At US$1,500/oz gold
• 3.4 year pay-back after tax
• Average C$49MM annual free cash flow
• C$371MM LOM after tax free cash flow
• US$590/oz after tax cash cost
• US$747/oz after tax AISC
• 1,750tpa mining rate
• Bulk underground mining
• 76,000oz/pa production
• 11 year mine life
*Micon International: September 2020

17. Garrison Gold Project: December 2020
17TSX : ME
Ausenco PEA: December 2020
Pit outline Mineralized material

18. 18TSX : ME
Garrison: PEA Summary Results
Ausenco: December 2020 PEA
Financial Results
❖ Average C$34MM annual free cash
flow
❖ C$323MM LOM after tax free cash
flow
❖ Royalty: 1.5%
❖ 12 year mine life
❖ 4.0 Mtpa
❖ 94,000 oz/pa production LOM
❖ Yrs 1-8: 121,000oz/pa
❖ 2.7:1 strip ratio
❖ Recovery: 89.8%
❖ Assumes gravity circuit
Preliminary Economics Post-Tax
Net present value (NPV5%) C$ million $321
Internal rate of return (IRR) % 33%
Payback Period (undiscounted) years 2.3
LOM avg. annual cash flow C$ million $34
LOM cumulative cash flow
(undiscounted)
C$ million $323
Profitability Index NPV/Initial Capital 1.2
Initial Capital Costs C$ Million $267
Sustaining Capital Costs (LOM) C$ Million $126
Cash Cost US$/oz US$721
All In Sustaining Cost US$/oz US$818
Gold price assumption US$ per ounce US$1,450
Exchange rate US$/C$ 0.75

19. Moneta New Land Position
19TSX : ME
Tower Gold Project
Open pit
0.41 Moz Ind
0.18 Moz inf
Underground
0.63 Moz Ind
2.13 Moz inf
Open pit
1.10 Moz Ind
1.03 Moz inf
Open pit
1. 82 Moz Ind
1.06 Moz infHighway
Moneta/Kirkland Lake JV

20. 20TSX : ME
Mineral Resource: December 2020
Tower Gold Project: Combined Resources
Open Pit Underground
Deposit Tonnes Grade Ounces Tonnes Grade Ounces
(t) (g/t) (oz) (t) (g/t) (oz)
SW Indicated 4,530,000 4.07 592,000
SW Inferred 9,607,000 4.01 1,238,000
WJS Indicated 40,582,000 0.84 1,100,000 6,000 3.90 1,000
WJS Inferred 28,956,000 1.10 1,028,000 143,000 4.06 19,000
WA Indicated
WA Inferred 4,367,000 4.71 662,000
55 Indicated 9,896,000 1.30 413,000
55 Inferred 5,079,000 1.10 180,000 123,000 4.65 18,000
Disc Indicated 141,000 3.49 16,000
Disc Inferred 658,000 4.00 85,000
WJN Indicated 182,000 3.98 23,000
WJN Inferred 813,000 4.08 107,000
Garcon Indicated 20,923,000 0.82 552,000
Garcon Inferred 7,056,000 0.87 197,000
903 Indicated 27,558,000 0.84 747,000
903 Inferred 30,760,000 0.69 682,000
Jonpol Indicated 17,786,000 0.91 523,000
Jonpol Inferred 7,521,000 0.76 183,000
Total Indicated 116,745,000 0.89 3,335,000 4,859,000 4.05 632,000
Total Inferred 79,372,000 0.89 2,270,000 15,711,000 4.21 2,129,000

21. 21TSX : ME TSX : ME
CORPORATE CONTACT
Linda Armstrong, Investor Relations
Email: larmstrong@monetaporcupine.com
Phone: 647-456-9223
monetaporcupine.com