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Investor Presentation
January 2019
TSX.V: QMX
www.qmxgold.ca
www.qmxgold.ca TSXV: QMX
FORWARD-LOOKING INFORMATION:
This presentation contains certain “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and
condition of QMX Gold Corporation. Forward-looking information includes, but is not limited to, statements with respect to the benefits and the development
potential of the properties of QMX Gold Corporation; the future price of gold; the estimation of mineral reserves and resources; drilling and other exploration
potential; costs; liquidity issues; permitting; success of exploration activities; and currency exchange rate fluctuations. Forward-looking information may be
characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events
or conditions “may” or “will” occur. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and
are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ
materially from those projected in the forward-looking information. Information and assumptions upon which such forward-looking information is based includes
but is not limited to; title to mineral properties; understanding of geological trends and influences in the region; financing requirements; and general economic
conditions. Many of these assumptions are based on factors and events that are not within the control of QMX Gold and there is no assurance they will prove to be
correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information includes changes in market
conditions, fluctuating metal prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and
other risks of the mining industry, as well as those risk factors discussed or referred to in the Management’s Discussion and Analysis for QMX Gold Corporation filed
with the securities regulatory authorities in Canada and available at under the corporations profile on SEDAR at www.sedar.com. Although QMX Gold has attempted
to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be
other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. QMX Gold undertakes no obligation to
update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking information.
Comparative market information is as of a date prior to the date of this presentation.
IMPORTANT NOTICE:
This presentation does not constitute an offer to buy or an invitation to sell, any of the securities of QMX Gold Corporation. Such an offer may only be made
pursuant to a registration statement and prospectus filed with the U.S. Securities and Exchange Commission and an offer to purchase and circular filed with
Canadian securities regulatory authorities.
CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES:
This presentation uses the terms “Measured, “Indicated” and “Inferred” Resources. U.S. investors are advised that while such terms are recognized and required by
Canadian regulations, the Securities and Exchange Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their
existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a
higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are also
cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.
NATIONAL INSTRUMENT 43-101:
David Rigg, P.Geo. the Senior VP of Exploration of the Company and a Qualified Person under NI 43-101, has supervised the preparation of and approved the
scientific and technical information in this presentation.
Forward Looking Statements
2
www.qmxgold.ca TSXV: QMX
Company Overview – Advanced Exploration on the Abitibi
QMX Gold (TSXV:QMX/FRA:OU2A) is a Quebec-based advanced exploration company
focused on its extensive and highly prospective land package along the Abitibi
Greenstone Belt in the Val d’Or Mining Camp.
3
Strategy:
 Systematically evaluate nearly 200km² land package
 Prioritize and drill test near-term targets based on a new
geological interpretation of historical data to evaluate
long-term potential
 Build out its strategically located Custom Milling Business
Highlights:
 Excellent infrastructure in historic mining region
 Multiple drills turning; significant results to date and
extensive pipeline of drill ready targets
 Recently entered into a material Custom Milling
agreement
 Supportive corporate shareholders including Osisko Gold
Royalties (+US$1B Mkt Cap) and Probe Metals
(+US$100m Mkt Cap)
www.qmxgold.ca TSXV: QMX
Experienced Board of Directors & Management
4
Management
Brad Humphrey | President, Chief Executive Officer & Director
+20yrs of international mining experience, predominantly as a precious metals analyst.
Prior to joining QMX Gold, Mr. Humphrey worked for Morgan Stanley as an Executive
Director and North American Precious Metals Analyst, where he was responsible for
growing Morgan Stanley’s North American Gold research coverage. Mr. Humphrey was
also a Managing Director and Head of Mining Research at Raymond James and covered
precious metal equities at CIBC World Markets and Merrill Lynch. Before starting his
capital markets career, Mr Humphrey held a variety of mining industry roles from
Corporate Development to contract underground miner.
David Rigg | Senior Vice President & Strategic Advisor
David has +30yrs of experience in the mining industry, including work on exploration and
mine development programs in Ontario and Quebec. Most recently, he was President
and CEO of the former Alexis Minerals Corporation and was the President and CEO of
Liberty Mines. He has worked for Agnico Eagle Mines in Val d’Or, Quebec in various
capacities including Exploration Manager Agnico Eagle Mines and has gained
international experience in Africa and Sweden. He contributed to the discovery of the
Musselwhite Mine and was a member of the Laronde Mine discovery team awarded
Prospector of the Year award by the QPA in 1995. Mr. Rigg obtained a B.A. and M.A.
from King’s College, Cambridge University, England in 1978 and a M.Sc. at Queens
University in 1980.
Dr. Andreas Rompel | Vice President Exploration
Dr. Rompel is a seasoned exploration professional with nearly 3 decades of exploration
experience in a wide range of roles from VP Exploration and Project Manager to Country
Manager and Corporate Development. Most recently, Dr. Rompel was the President &
CEO of Cobalt Power Group. For more than a decade Dr. Rompel evaluated capital
projects within Anglo American and was on the board of Spectrem (an Anglo-American
Company) as Technical Director. He has worked in many countries on several continents
and has well developed multi-linguistic skills.
Deb Battiston | Chief Financial Officer
+15yrs of accounting, tax and corporate finance experience in Canada and Europe. From
2007-2010, she was the CFO of CD Capital Partners, a private real estate firm focused on
developing mixed use retail and office real estate in Russia, Ukraine and Romania. From
2001-2008, she was the CFO of MAVA Investment Ltd., a private equity firm based in
Budapest, Hungary.
Board of Directors
Fred Leigh | Chairman
Mr. Leigh has been involved in the junior resource sector for more than 32 years
and has had a significant role as founder, director and/or investor in many public
companies. He is also the founder and President of Siwash Holdings Ltd., a
privately held company that, for over 21 years has invested in early stage
opportunities in the resource sector. Siwash was an early investor in successful
companies such as, Wheaton River Minerals, Hathor Exploration and Blue Pearl
Mining.
Brad Humphrey | President, Chief Executive Officer & Director
Stéphane Amireault | Director
Stéphane Amireault to its Board of Directors. Mr. Amireault, MScA, P.Eng., has
over 25yrs of experience in mineral exploration, and is currently Vice President
Exploration for Belo Sun Mining. Prior to joining Belo Sun, Mr. Amireault was the
Vice President Exploration for Sulliden Gold Corporation until its acquisition by Rio
Alto Mining in 2014. Mr. Amireault holds a master’s degree in Applied Sciences
from École Polytechnique of the University of Montréal and is a member in good
standing of the Ordre des Ingénieurs du Québec.
Ralph Lean | Director
Mr. Lean is a highly regarded business lawyer in the Toronto office of Gowling
WLG. Mr Lean brings a broad base of expertise from startups to global
corporations, in the private and public sectors as well as nationally and
internationally. Mr. Lean was named one of the National Post’s “most influential”
business people in Canada.
Andrew Cheatle | Director
Mr. Cheatle has over 25yrs of industry experience as a professional geologist,
mining executive, and is currently Senior Vice President, Africa with Forbes &
Manhattan Resources. His former roles included President and CEO of Unigold,
and the Executive Director of the Prospectors and Developers Association of
Canada (PDAC). Mr. Cheatle’s career has spanned both major mining companies
(Anglo American, Goldcorp) and the junior mining sector. He is a graduate of the
Royal School of Mines, Imperial College, London and holds an MBA.
.
www.qmxgold.ca TSXV: QMX
Located on Highly Productive Abitibi Greenstone Belt
5
 Many of Canada’s major mining companies originated in the Abitibi
 Several major gold mining camps are located along the Abitibi
Greenstone Belt
 QMX Gold is in the Val d’Or Mining Camp on the Southeastern portion
of the Belt
Abitibi Greenstone Belt is the 3rd largest gold district in the World
Quebec
Canada
www.qmxgold.ca TSXV: QMX
Multiple Prospective Targets in an Underexplored Area
6
Applying a systematic and methodical approach to its large land package
Aurbel Mill
479 mining claims ~200 km2
Aurbel Milling Facility
www.qmxgold.ca TSXV: QMX
East Zone – Underexplored Area over a 9km Strike
7
The East Zone is 40km² encompassing several gold-bearing intrusions including the Bonnefond
South, New Louvre and Bevcon Intrusive. Each target is highly prospective and spans a 9km strike
 Limited exploration over past several decades across target area
Recent Success
 70.3 g/t Au Over 2.3 Metres – Bonnefond South Shear Zone
 25.7 g/t Au Over 6.9 Metres - Confirming Eastern Extension of Bonnefond South
 8.4 g/t Au Over 4.5 Metres and 4.1 g/t Au Over 5.2 Metres - New Louvre
 4.6 g/t Au over 14.2 Metres – North Shear
 2.5 g/t Au Over 39.7 Metres
 13.2 g/t Au Over 8.8 Metres
 1.7 g/t Au Over 131.3 Metres
 1.5 g/t Au Over 119 Meters
 1.9 g/t Au Over 84 Meters
Bonnefond Plug
www.qmxgold.ca TSXV: QMX
Significant Progress to Date
8
TARGETS 2016-17 2017 2018 Total Result
(m) (m) (m) by Target (m)
Beacon 995 995 Positive
Southwest 5,510 3,714 9,224 Positive
Bonnefond South 4,434 14,584 19,078
Positive
Drilling ongoing
New Louvre 6,398 6,398
Positive
Drilling ongoing
North Shear 852 4,362 4,944
Positive
Drilling ongoing
Buffadisson/Bevcon 2,364 8,680 11,400 Positive
Total 6,505 11,364 34,024 51,893
Drilling $/m All-in ~$100-110/m
 Completed over 50,000m of drilling since restarting exploration activities in early 2017 – to date
results support our reinterpreted geologic model
 Narrowed near term focus to the Val d’Or East portion of the land package
 Completed several property-wide surveys which highlighted multiple new target zones for further
data compilation, evaluation and drilling – driving targets for 2019 drill program
 Made new discoveries and confirmed expansion potential on known gold showings
 Infill drilling Bonnefond target in order to move towards initial resource calculation
 Commencing follow-up drilling programs on New Louvre and Bevcon targets given recent success
 Building out Custom Milling business – signed 4 yr agreement on ~800,000t
Val d’Or Mining Camp Drilling Summary (since restarting exploration activities in 2017):
www.qmxgold.ca TSXV: QMX
 Recently entered into a material Custom Milling agreement with Gowest Gold.
 Pilot Program of up to 120,000 tonnes is expected to commence in the first half of 2019.
 Followed by Commercial Production of 220,000 tonnes per annum for a term of 3 years
with the option to extend.
 Funding for the restart included in agreement.
 Revenue from the Commercial Production program is expected to more than cover G&A
requirements reducing non-Flow Through equity raises.
 With Custom Milling agreement in place, QMX can now review opportunities to add
additional Milling contracts as well as Bulk Sampling programs.
 QMX’s Aurbel Mill is strategically located in the Val d’Or Mining Camp with rail and highway
access.
Aurbel Mill is located 15 kilometres east of Val d’Or, 8 kilometres north of highway 117 (by
road). The Aurbel Mill utilizes conventional crushing, grinding, gravity, flotation and cyanide
leach circuits to process gold-bearing material. The mill circuit is amenable to modification and
customization in order to ensure optimum recoveries for gold tailored to the specific
metallurgical requirements of the material provided.
Restarting Strategically Located Custom Milling Facility
TSXV: QMX 9
www.qmxgold.ca TSXV: QMX
Upcoming Milestones for 2019
10
 Commenced: Bonnefond East Extension and Infill Drilling in order to move towards
an initial resource calculation
 December 2018: Given strong results from initial drilling across East Zone, planned
to complete 34,000m on these targets in 2018
 Q1 2019: Bonnefond follow up drilling results
 Q1 2019: New Louvre follow up drilling results testing below 200m
 Q2 2019: Bonnefond Initial Resource calculation
 Q2 2019: Commence Custom Milling at QMX’s strategically positioned Aurbel Milling
and Tailings facility
― In Progress: Develop 2019 drilling budget; expected to include around 40,000m
― Ongoing (2019): Confirm gold showings on Bevcon Intrusive and along contact
― Ongoing (2019): Evaluate near mine targets in Bourlamaque Zone
― Ongoing (2019): Evaluate Dunraine targets in Central Zone
― Ongoing (2019): Evaluate additional Custom Milling and Bulk Sampling opportunities
for the Milling Facility
― Ongoing: Evaluating multiple prospective gold and base metal zones within land
package and expanding knowledge base
― Ongoing: Strategic review of non-core exploration properties and assets
― Ongoing: Test different orientations in order to insure all vein sets are properly
evaluated
www.qmxgold.ca TSXV: QMX
Plans for 2019 – Budgeting Market Dependent
11
Budget for 2019
• Bonnefond South/ New Louvre infill
drilling for Initial Resource ~10,000m
• Bevcon Intrusive ~20,000m of drilling
• Bourlamaque Zone ~10,000m of drilling
• 2019 Drilling ~40,000m.
www.qmxgold.ca TSXV: QMX
QMX Gold – Share Metrics (TSX.V: QMX & FRA: OU2A)
12
* Options range $0.05/sh to $0.40/sh (avg $0.16/sh) expiring 2020-2023;
Warrants range $0.15/sh to $0.35/sh (avg $0.20/sh) expiring 2019-2021.
Analyst Coverage
Mackie Research Spec Buy/TP $0.60
Stuart McDougall
(Oct 25, 2018)
Strategic Investors
Osisko Gold Royalties 11.6%
Probe Metals 7.5%
52-Week Stock Price Chart QMX vs Peers: Mkt Cap (C$M)
Capital Structure
Shares Outstanding 199.8 M
Options/Warrants* 13.4 M / 32.3 M
Market Cap C$13 M
$13
$15
$26
$51
$123
QMX Gold
Alexandria Minerals
Cartier Resources
Monarques Gold
Probe Metals
0
1,000
2,000
3,000
4,000
5,000
6,000
$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18
Volume('000s)
SharePrice(C$)
Corporate Headquarters
800-65 Queen St. W.
Toronto, Ontario
M5H 2M5 Canada
info@qmxgold.com
Thank you
www.qmxgold.ca
TSXV: QMX
2017/18 Drilling Focused on East Zone – Prospective Targets
1 - Bonnefond South
 AUR Resources discovered a plug-
like, tonalitic intrusion containing
gold in association with shear and
tensional quartz-tourmaline veining
– similar to plugs on Eldorado’s
Lamaque Property
 Historic drilling was conducted North
to South, orientation was not
evaluated
2 - New Louvre
 Initial reconnaissance drilling totaled
5 holes. Follow up program
underway
 Geologically similar to Bonnefond
South with gold-bearing shear zones,
and plug/sill style intrusion hosting
gold mineralization
 Historical gold intersections over
2km strike in shallow drilling
TSXV: QMX 14
1
2
2017/2018 Drilling Focused on East Zone – Prospective Targets
3 - North Shear
 Completed exploratory hole to the
north of the past producing Bevcon
Gold Mine. Large prospective and
underexplored area for future
exploration. Plan to test extensions
to East and West
4 - Bevcon Intrusive
 A quartz-tourmaline vein system was
mined over a strike of more than
1,000m and to a depth of 680m
 Drill testing Western extension
 Gold showings within and along the
contact of the Bevcon Intrusion in
shallow drilling
 Bevcon mine historically produced
438,000 ounces of gold grading 4.3
g/t Au from 1951 - 1965
TSXV: QMX 15
4
3
Custom Milling Facility – Aurbel Mill
TSXV: QMX 16
Restarting the Aurbel Milling facility
 QMX has entered into a Custom Milling agreement with Gowest Gold to process up to 120,000 tonnes for
a Pilot Program, followed by 220,000 tonnes per annum of Commercial Production for an initial term of 3
years which can be extended. Work on the mill and permitting is to begin immediately.
 This agreement allows for the restart of a key asset, strategically located in the Val d’Or Mining Camp.
 Once the mill is running, QMX will evaluate additional Custom Milling and Bulk Sampling contracts.
 As a result of this agreement, QMX plans to restart its exploration activities on the Bourlamaque Zone.
This includes targets around the 3 past producing mines, Lac Herbin, Ferderber and Dumont.
 This agreement provides cash flow, diversification and reduces financial risks going forward.
Mill Overview
 The Aurbel Mill is located in the Val d’Or Mining Camp with excellent infrastructure
 Has rail and road access
 Utilizes conventional crushing, grinding, gravity, flotation and cyanide leach circuits
 The mill is highly customizable
 1,200 tonne per day facility where 650 tonnes per day was refurbished in 2015/2016. Once operating
QMX will evaluate options to bring the second half back on line.
Custom Milling Facility – Aurbel Mill
TSXV: QMX 17
Grinding
1 Rod Mill, 4 Ball Mills
Floatation
Only 1 bank currently operational
– space for two more
Refinery
Storage Bins
2 x 1000 tonnes
Gravity Separation
Regrind
1 Ball Mill
Crushing
Up to 24” diameter Feed
Jaw + 2 Cone Crushers
Merill Crowe
Cyanide Leaching
Max. 90 tpd
Knelson Au
Concentrate
Au precipitate
Tailings
SO2 Cyanide Destruction
Leached Tails
650 tpd Custom Mill Feed
 can be increased to 1200 tpd
2019 Drilling - Follow Up Drilling on East Zone; Initial Drilling on
Bourlamaque Zone
1 – Follow up on 2018 drilling in East Zone
2 - Initial resource on Bonnefond South
Target
3 – Gap Target in Bourlamaque Zone
(between Lac Herbin and River Zone)
TSXV: QMX 18
2
1
3
4
4 – Dunraine targets in Central Zone
5 – Southwestern Zone Incorporating
Recent Mag survey
DrillTargets
Evaluation
5
East Zone – Bonnefond South Target
TSXV: QMX 19
2017 Phase 1 : 9 Holes / 4 434m
2018 Phase 2 : 20 Holes / 14 584m
Bonnefond South Target – Testing Thick Gold Intersections & High
Grade Shear Zones
TSXV: QMX 20
Gold Envelope ~ 60m
LONG SECTION LOOKING NORTH
??
?
Drilling 2018 - 12 Holes / 6,280m Completed
East Zone – New Louvre Target
Evaluate 2.2km Strike
 Previous drilling was mostly shallow (less than
200m)
 Gold intersections at surface and down to
1200m
 Follow up drilling underway
TSXV: QMX 21
>2.2KM Strike
New Louvre - QMX Model
TSXV: QMX 22
East Zone – Bevcon Intrusive
Evaluate 3km Strike
 Previous drilling was mostly shallow (less than
200m)
 Historical exploration drilling at the Bevcon
gold mine intersected gold down 1000m
 Also testing open pit potential around past
producing Bevcon Mine
TSXV: QMX 23
Drilling Targets
TSXV: QMX 24
Bevcon Intrusive – West of Bevcon Mine
Bevcon Intrusive – East of Bevcon Mine
East Zone – North Shear Target
Evaluate Shear Zones North of Bevcon Mine
 Initial hole confirmed the presence of
numerous gold bearing shear zones to the
north of the past producing Bevcon Gold Mine
and opens up a large prospective and
underexplored area to the east and west for
future exploration.
TSXV: QMX 26
North Shear Target
TSXV: QMX 27
Bourlamaque Zone
TSXV: QMX 28
Bourlamaque Zone – Main Trends Remain Underexplored
TSXV: QMX 29
Central Zone – Dunraine Targets
 Evaluating a number of intrusive along gold bearing shear zones
TSXV: QMX 30
Southwestern Zone Target
New discovery on Southwestern Zone made in early 2017
 Encouraging gold
intersections, magnetic
anomaly, and shear zone
continuity trending
eastward from
Sigma/Lamaque mines
(Eldorado)
 Testing along trend of
Triangle Deposit and
Sigma/Lamaque
 3D Mag Inversion
anomalies untested
 Limited deep exploration
in this area
TSXV: QMX 31
Southwestern Zone Target
TSXV: QMX 32
East Zone: Bonnefond Target
•Reported length are measured along the hole.
** Au uncut.
TSXV: QMX 33
Hole Number
From
(m)
To (m)
Length
(m)*
Grade (g/t
Au)**
Geology
17315-18-34 222.8 244.2 21.4 1.3 QFP Dyke/Shear Zone
Incl. 229 235 6 2.5
255 267.5 12.5 2 QFP Dyke/Shear Zone
Incl. 262 266.5 4.5 4.4
302.6 309.5 6.9 25.7 Shear Zone
17315-18-35 370 370.6 0.6 14.8 QFP
398.6 414.7 16.1 1.4 Shear Zone/FP Dyke
Incl. 413.7 414.7 1 15.1
17315-18-37
551.8 559 7.2 1.4 Shear Zone/QFP Dyke
Incl. 556 559 3 3
744.5 750.8 6.3 4.8 Shear Zone
Incl. 749 750.8 1.8 15.6 Shear Zone
17315-18-38
283 315 32 1 Bonnefond Tonalite
Incl. 283 286.7 3.7 3.3
361 366.1 5.1 4.9 Shear Zone
Incl. 363 366.1 3.1 6.4
426 435 9 3
Incl. 429 433 4 5.3 Shear Zone
17315-18-39
220 221 1 72.7 Quartz Vein/Shear Zone
264 360 96.8 1.8 Bonnefond Tonalite
Incl. 308.6 314.2 5.6 5.9
Incl. 325 329 4 7.7
438 446.2 8.2 3.3
Incl. 443.2 446.2 3 7.7
Drill Hole
From
(m)
To (m)
Length
(m)*
Grade (g/t
Au)**
Geology
17315-17-25 61.7 180.6 118.9 1.5 Tonalite
Incl. 78.6 122.7 44.1 2.5
with 79.5 86.0 6.5 4.2 Shear Mafic Dyke
and 111.1 116.7 5.6 4.5 Shear Mafic Dyke
17315-17-26 71.8 155.6 83.8 1.9 Tonalite
Incl. 95.8 106.0 10.2 4.9 Shear Mafic Dyke
17315-17-27
204.1 297.8 93.7 1.4 Tonalite
449.8 454.4 3.8 1.8 Shear Zone
17315-17-28
86.8 157.3 70.5 0.4 Tonalite
200.5 204.0 3.5 3.0 Shear Zone
375.0 382.7 7.7 1.0 Shear Zone
17315-17-29
63.0 151.9 88.9 1.2 Tonalite
201.0 204.3 3.3 4.2 Shear Zone
356.1 364.9 8.8 13.2 Shear Zone
17315-17-30
110.8 149.5 38.7 1.1 Tonalite
Incl. 113.3 117.2 3.9 3.3 Mafic Dyke
221.4 225.1 3.7 1.9 Shear Zone
17315-17-31 243.8 252.8 9.0 0.6 Tonalite
17315-17-32
122.3 123.3 1.0 15.2 Shear Zone
452.6 461.6 9.0 1.7 Shear Zone
Incl. 456.4 459.6 3.2 2.8
17315-17-33
271.3 339.5 68.2 1.9 Tonalite
Incl. 271.3 311.0 39.7 2.5
Incl. 331.6 339.5 7.9 3.4
TSXV: QMX 34
East Zone: Bonnefond Target con’t
Drill Hole From To Length* Au** Geology
(m) (m) (m) (g/t)
17315-18-41 647.9 652.9 5.0 1.8 Shear Zone/Mafic Dyke
17315-18-42 227.0 237.0 10.0 0.9 Shear Zone
Incl. 235.0 237.0 2.0 3.2
17315-18-43 49.0 183.0 134.0 1.0 Bonnefond intrusive
Incl. 176.0 183.0 7.0 7.5 Shear Zone
17315-18-44 193.7 196.2 2.5 4.7 Shear Zone
17315-18-45 147.9 195.0 47.1 1.6 Bonnefond intrusive
Incl. 158.0 165.0 7.0 6.4
Shear Zone/Mafic
Dyke
17315-18-46 259.5 267.5 8.0 0.5 Shear Zone
17315-18-47 409.5 413.5 4.0 0.7 Shear Zone/QFP Dyke
417.0 423.0 6.0 0.5 Shear Zone
17315-18-48 69.5 72.3 2.8 1.4 Shear Zone
96.7 101.0 4.3 2.1 Shear Zone
Incl. 98.2 100.0 1.8 4.6
148.0 279.3 131.3 1.7 Bonnefond intrusive
Incl. 214.0 217.0 3.0 7.3
Shear Zone/Mafic
Dyke
Incl. 223.0 227.0 4.0 8.6
336.5 338.8 2.3 70.3 Quartz Vein
Incl. 336.5 337.5 1.0 160.4
394.4 402.0 2.6 1.8 Shear Zone
Drill Hole From To
Length
* Au** Geology
(m) (m) (m) (g/t)
17315-18-49 43.3 46.0 2.7 1.2 Shear Zone
100.0 102.6 2.6 3.6 Shear Zone
143.0 147.0 4.0 3.0 Shear Zone
165.0 282.0 117.0 1.5 Bonnefond intrusive
Incl. 200.0 205.0 5.0 5.3
Incl. 275.0 279.0 4.0 4.7 Shear Zone/Mafic Dyke
515.4 517.2 1.8 4.1 Shear Zone
17315-18-50 46.5 77.2 30.7 1.6 Bonnefond intrusive
Incl. 54.0 60.0 6.0 6.9 Shear Zone/Mafic Dyke
84.0 86.9 2.9 1.3 Quartz Vein
Incl. 118.0 121.0 3.0 1.7
148.9 156.0 7.1 1.8 Shear Zone
Incl. 152.0 156.0 4.0 2.7
Incl. 185.0 188.0 3.0 1.9
365.5 383.0 17.5 1.4
FP Dyke/Vein
Stockwork
Incl. 371.3 372.1 0.8 12.3
East Zone: New Louvre & North Shear Targets
TSXV: QMX 35
Hole Number Hole Length
(metres)
From
(metres)
To
(metres)
Length*
(metres)
Au**
(g/t)
Interpretation
17315N-18-001 370.5 229.0 236.0 7.0 1.2 Shear Zone & Q-T Veins
Incl. 233.0 235.4 2.4 3.0
246.2 249.7 3.5 4.2 Q-T Tension Veins
Incl. 246.2 246.8 0.6 19.7
281.0 304.6 23.6 1.1 Shear Zone & Q-T Veins
Incl. 289.0 294.2 5.2 4.1
17315N-18-003 354.0 213.9 218.0 4.1 2.3 Shear Zone & Q-T Veins
Incl. 213.9 215.0 1.1 8.3
17315N-18-004 366.0 41.9 42.5 0.6 7.5 Shear Zone & Q-T Veins
114.0 124.0 10.0 3.8 Shear Zone & Q-T Veins
Incl. 118.5 123.0 4.5 8.4
New Louvre Target
North Shear Target
Hole Number Hole Length From To Length* Au** Interpretation
(metre) (metre) (metre) (metre) (g/t)
17311-17-008 852 81.1 82.0 0.9 3.2 Shear Zone
95.2 97.0 1.8 1.5 Shear Zone
108.1 110.4 2.3 0.5 Shear Zone
184.8 187.1 2.3 0.6 Shear Zone
275.3 277.3 2.0 1.4 Stringer Cp-Po
634,0 637.8 3.8 0.6 Shear Zone
716.3 717,0 0.7 305.5 Shear Zone
727.4 730.1 2.7 0.8 Shear Zone
813.0 827.2 14.2 4.6 Bevcon Contact
incl. 816.6 823.4 6.8 9.0
•Reported length are measured along the hole.
** Au uncut.
Select Results from Southwestern and Beacon Drilling
Southwestern Zone – Reconnaissance Drilling
Hole From (m) To (m) Length (m)* Au Grade (g/t)
17307-16-002 93.1 93.8 0.7 14.0
17307-16-003 132.7 135.0 2.3 1.2
181.8 135.0 1.0 2.3
17307-17-007 35.8 36.9 1.1 1.0
96.3 97.3 1.0 1.4
108.3 118.5 10.5 2.0
incl. 113.2 116.4 3.2 4.9
124.6 125.8 1.2 2.0
135.3 136.5 1.2 2.1
Bourlamaque Zone - Beacon Target
Hole From (m) To (m) Length (m)* Au Grade (g/t)
17319-17-005 36.4 41.8 5.4 6.1
incl. 40.8 41.8 1.0 32.6
72.0 75.0 3.0 7.6
incl. 72.0 74.0 2.0 11.1
17319-17-007 12.0 17.1 5.1 2.4
26.1 27.2 1.1 1.1
17319-17-008 4.2 5.3 1.1 1.1
16.3 17.7 1.4 4.5
45.5 46.6 1.1 4.5
* Reported length are measured along the hole.
Au uncut.
TSXV: QMX 36

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QMX Gold - Corporate Presentation

  • 2. www.qmxgold.ca TSXV: QMX FORWARD-LOOKING INFORMATION: This presentation contains certain “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and condition of QMX Gold Corporation. Forward-looking information includes, but is not limited to, statements with respect to the benefits and the development potential of the properties of QMX Gold Corporation; the future price of gold; the estimation of mineral reserves and resources; drilling and other exploration potential; costs; liquidity issues; permitting; success of exploration activities; and currency exchange rate fluctuations. Forward-looking information may be characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Information and assumptions upon which such forward-looking information is based includes but is not limited to; title to mineral properties; understanding of geological trends and influences in the region; financing requirements; and general economic conditions. Many of these assumptions are based on factors and events that are not within the control of QMX Gold and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information includes changes in market conditions, fluctuating metal prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, as well as those risk factors discussed or referred to in the Management’s Discussion and Analysis for QMX Gold Corporation filed with the securities regulatory authorities in Canada and available at under the corporations profile on SEDAR at www.sedar.com. Although QMX Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. QMX Gold undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information. Comparative market information is as of a date prior to the date of this presentation. IMPORTANT NOTICE: This presentation does not constitute an offer to buy or an invitation to sell, any of the securities of QMX Gold Corporation. Such an offer may only be made pursuant to a registration statement and prospectus filed with the U.S. Securities and Exchange Commission and an offer to purchase and circular filed with Canadian securities regulatory authorities. CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES: This presentation uses the terms “Measured, “Indicated” and “Inferred” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. NATIONAL INSTRUMENT 43-101: David Rigg, P.Geo. the Senior VP of Exploration of the Company and a Qualified Person under NI 43-101, has supervised the preparation of and approved the scientific and technical information in this presentation. Forward Looking Statements 2
  • 3. www.qmxgold.ca TSXV: QMX Company Overview – Advanced Exploration on the Abitibi QMX Gold (TSXV:QMX/FRA:OU2A) is a Quebec-based advanced exploration company focused on its extensive and highly prospective land package along the Abitibi Greenstone Belt in the Val d’Or Mining Camp. 3 Strategy:  Systematically evaluate nearly 200km² land package  Prioritize and drill test near-term targets based on a new geological interpretation of historical data to evaluate long-term potential  Build out its strategically located Custom Milling Business Highlights:  Excellent infrastructure in historic mining region  Multiple drills turning; significant results to date and extensive pipeline of drill ready targets  Recently entered into a material Custom Milling agreement  Supportive corporate shareholders including Osisko Gold Royalties (+US$1B Mkt Cap) and Probe Metals (+US$100m Mkt Cap)
  • 4. www.qmxgold.ca TSXV: QMX Experienced Board of Directors & Management 4 Management Brad Humphrey | President, Chief Executive Officer & Director +20yrs of international mining experience, predominantly as a precious metals analyst. Prior to joining QMX Gold, Mr. Humphrey worked for Morgan Stanley as an Executive Director and North American Precious Metals Analyst, where he was responsible for growing Morgan Stanley’s North American Gold research coverage. Mr. Humphrey was also a Managing Director and Head of Mining Research at Raymond James and covered precious metal equities at CIBC World Markets and Merrill Lynch. Before starting his capital markets career, Mr Humphrey held a variety of mining industry roles from Corporate Development to contract underground miner. David Rigg | Senior Vice President & Strategic Advisor David has +30yrs of experience in the mining industry, including work on exploration and mine development programs in Ontario and Quebec. Most recently, he was President and CEO of the former Alexis Minerals Corporation and was the President and CEO of Liberty Mines. He has worked for Agnico Eagle Mines in Val d’Or, Quebec in various capacities including Exploration Manager Agnico Eagle Mines and has gained international experience in Africa and Sweden. He contributed to the discovery of the Musselwhite Mine and was a member of the Laronde Mine discovery team awarded Prospector of the Year award by the QPA in 1995. Mr. Rigg obtained a B.A. and M.A. from King’s College, Cambridge University, England in 1978 and a M.Sc. at Queens University in 1980. Dr. Andreas Rompel | Vice President Exploration Dr. Rompel is a seasoned exploration professional with nearly 3 decades of exploration experience in a wide range of roles from VP Exploration and Project Manager to Country Manager and Corporate Development. Most recently, Dr. Rompel was the President & CEO of Cobalt Power Group. For more than a decade Dr. Rompel evaluated capital projects within Anglo American and was on the board of Spectrem (an Anglo-American Company) as Technical Director. He has worked in many countries on several continents and has well developed multi-linguistic skills. Deb Battiston | Chief Financial Officer +15yrs of accounting, tax and corporate finance experience in Canada and Europe. From 2007-2010, she was the CFO of CD Capital Partners, a private real estate firm focused on developing mixed use retail and office real estate in Russia, Ukraine and Romania. From 2001-2008, she was the CFO of MAVA Investment Ltd., a private equity firm based in Budapest, Hungary. Board of Directors Fred Leigh | Chairman Mr. Leigh has been involved in the junior resource sector for more than 32 years and has had a significant role as founder, director and/or investor in many public companies. He is also the founder and President of Siwash Holdings Ltd., a privately held company that, for over 21 years has invested in early stage opportunities in the resource sector. Siwash was an early investor in successful companies such as, Wheaton River Minerals, Hathor Exploration and Blue Pearl Mining. Brad Humphrey | President, Chief Executive Officer & Director Stéphane Amireault | Director Stéphane Amireault to its Board of Directors. Mr. Amireault, MScA, P.Eng., has over 25yrs of experience in mineral exploration, and is currently Vice President Exploration for Belo Sun Mining. Prior to joining Belo Sun, Mr. Amireault was the Vice President Exploration for Sulliden Gold Corporation until its acquisition by Rio Alto Mining in 2014. Mr. Amireault holds a master’s degree in Applied Sciences from École Polytechnique of the University of Montréal and is a member in good standing of the Ordre des Ingénieurs du Québec. Ralph Lean | Director Mr. Lean is a highly regarded business lawyer in the Toronto office of Gowling WLG. Mr Lean brings a broad base of expertise from startups to global corporations, in the private and public sectors as well as nationally and internationally. Mr. Lean was named one of the National Post’s “most influential” business people in Canada. Andrew Cheatle | Director Mr. Cheatle has over 25yrs of industry experience as a professional geologist, mining executive, and is currently Senior Vice President, Africa with Forbes & Manhattan Resources. His former roles included President and CEO of Unigold, and the Executive Director of the Prospectors and Developers Association of Canada (PDAC). Mr. Cheatle’s career has spanned both major mining companies (Anglo American, Goldcorp) and the junior mining sector. He is a graduate of the Royal School of Mines, Imperial College, London and holds an MBA. .
  • 5. www.qmxgold.ca TSXV: QMX Located on Highly Productive Abitibi Greenstone Belt 5  Many of Canada’s major mining companies originated in the Abitibi  Several major gold mining camps are located along the Abitibi Greenstone Belt  QMX Gold is in the Val d’Or Mining Camp on the Southeastern portion of the Belt Abitibi Greenstone Belt is the 3rd largest gold district in the World Quebec Canada
  • 6. www.qmxgold.ca TSXV: QMX Multiple Prospective Targets in an Underexplored Area 6 Applying a systematic and methodical approach to its large land package Aurbel Mill 479 mining claims ~200 km2 Aurbel Milling Facility
  • 7. www.qmxgold.ca TSXV: QMX East Zone – Underexplored Area over a 9km Strike 7 The East Zone is 40km² encompassing several gold-bearing intrusions including the Bonnefond South, New Louvre and Bevcon Intrusive. Each target is highly prospective and spans a 9km strike  Limited exploration over past several decades across target area Recent Success  70.3 g/t Au Over 2.3 Metres – Bonnefond South Shear Zone  25.7 g/t Au Over 6.9 Metres - Confirming Eastern Extension of Bonnefond South  8.4 g/t Au Over 4.5 Metres and 4.1 g/t Au Over 5.2 Metres - New Louvre  4.6 g/t Au over 14.2 Metres – North Shear  2.5 g/t Au Over 39.7 Metres  13.2 g/t Au Over 8.8 Metres  1.7 g/t Au Over 131.3 Metres  1.5 g/t Au Over 119 Meters  1.9 g/t Au Over 84 Meters Bonnefond Plug
  • 8. www.qmxgold.ca TSXV: QMX Significant Progress to Date 8 TARGETS 2016-17 2017 2018 Total Result (m) (m) (m) by Target (m) Beacon 995 995 Positive Southwest 5,510 3,714 9,224 Positive Bonnefond South 4,434 14,584 19,078 Positive Drilling ongoing New Louvre 6,398 6,398 Positive Drilling ongoing North Shear 852 4,362 4,944 Positive Drilling ongoing Buffadisson/Bevcon 2,364 8,680 11,400 Positive Total 6,505 11,364 34,024 51,893 Drilling $/m All-in ~$100-110/m  Completed over 50,000m of drilling since restarting exploration activities in early 2017 – to date results support our reinterpreted geologic model  Narrowed near term focus to the Val d’Or East portion of the land package  Completed several property-wide surveys which highlighted multiple new target zones for further data compilation, evaluation and drilling – driving targets for 2019 drill program  Made new discoveries and confirmed expansion potential on known gold showings  Infill drilling Bonnefond target in order to move towards initial resource calculation  Commencing follow-up drilling programs on New Louvre and Bevcon targets given recent success  Building out Custom Milling business – signed 4 yr agreement on ~800,000t Val d’Or Mining Camp Drilling Summary (since restarting exploration activities in 2017):
  • 9. www.qmxgold.ca TSXV: QMX  Recently entered into a material Custom Milling agreement with Gowest Gold.  Pilot Program of up to 120,000 tonnes is expected to commence in the first half of 2019.  Followed by Commercial Production of 220,000 tonnes per annum for a term of 3 years with the option to extend.  Funding for the restart included in agreement.  Revenue from the Commercial Production program is expected to more than cover G&A requirements reducing non-Flow Through equity raises.  With Custom Milling agreement in place, QMX can now review opportunities to add additional Milling contracts as well as Bulk Sampling programs.  QMX’s Aurbel Mill is strategically located in the Val d’Or Mining Camp with rail and highway access. Aurbel Mill is located 15 kilometres east of Val d’Or, 8 kilometres north of highway 117 (by road). The Aurbel Mill utilizes conventional crushing, grinding, gravity, flotation and cyanide leach circuits to process gold-bearing material. The mill circuit is amenable to modification and customization in order to ensure optimum recoveries for gold tailored to the specific metallurgical requirements of the material provided. Restarting Strategically Located Custom Milling Facility TSXV: QMX 9
  • 10. www.qmxgold.ca TSXV: QMX Upcoming Milestones for 2019 10  Commenced: Bonnefond East Extension and Infill Drilling in order to move towards an initial resource calculation  December 2018: Given strong results from initial drilling across East Zone, planned to complete 34,000m on these targets in 2018  Q1 2019: Bonnefond follow up drilling results  Q1 2019: New Louvre follow up drilling results testing below 200m  Q2 2019: Bonnefond Initial Resource calculation  Q2 2019: Commence Custom Milling at QMX’s strategically positioned Aurbel Milling and Tailings facility ― In Progress: Develop 2019 drilling budget; expected to include around 40,000m ― Ongoing (2019): Confirm gold showings on Bevcon Intrusive and along contact ― Ongoing (2019): Evaluate near mine targets in Bourlamaque Zone ― Ongoing (2019): Evaluate Dunraine targets in Central Zone ― Ongoing (2019): Evaluate additional Custom Milling and Bulk Sampling opportunities for the Milling Facility ― Ongoing: Evaluating multiple prospective gold and base metal zones within land package and expanding knowledge base ― Ongoing: Strategic review of non-core exploration properties and assets ― Ongoing: Test different orientations in order to insure all vein sets are properly evaluated
  • 11. www.qmxgold.ca TSXV: QMX Plans for 2019 – Budgeting Market Dependent 11 Budget for 2019 • Bonnefond South/ New Louvre infill drilling for Initial Resource ~10,000m • Bevcon Intrusive ~20,000m of drilling • Bourlamaque Zone ~10,000m of drilling • 2019 Drilling ~40,000m.
  • 12. www.qmxgold.ca TSXV: QMX QMX Gold – Share Metrics (TSX.V: QMX & FRA: OU2A) 12 * Options range $0.05/sh to $0.40/sh (avg $0.16/sh) expiring 2020-2023; Warrants range $0.15/sh to $0.35/sh (avg $0.20/sh) expiring 2019-2021. Analyst Coverage Mackie Research Spec Buy/TP $0.60 Stuart McDougall (Oct 25, 2018) Strategic Investors Osisko Gold Royalties 11.6% Probe Metals 7.5% 52-Week Stock Price Chart QMX vs Peers: Mkt Cap (C$M) Capital Structure Shares Outstanding 199.8 M Options/Warrants* 13.4 M / 32.3 M Market Cap C$13 M $13 $15 $26 $51 $123 QMX Gold Alexandria Minerals Cartier Resources Monarques Gold Probe Metals 0 1,000 2,000 3,000 4,000 5,000 6,000 $0.00 $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 $0.35 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Volume('000s) SharePrice(C$)
  • 13. Corporate Headquarters 800-65 Queen St. W. Toronto, Ontario M5H 2M5 Canada info@qmxgold.com Thank you www.qmxgold.ca TSXV: QMX
  • 14. 2017/18 Drilling Focused on East Zone – Prospective Targets 1 - Bonnefond South  AUR Resources discovered a plug- like, tonalitic intrusion containing gold in association with shear and tensional quartz-tourmaline veining – similar to plugs on Eldorado’s Lamaque Property  Historic drilling was conducted North to South, orientation was not evaluated 2 - New Louvre  Initial reconnaissance drilling totaled 5 holes. Follow up program underway  Geologically similar to Bonnefond South with gold-bearing shear zones, and plug/sill style intrusion hosting gold mineralization  Historical gold intersections over 2km strike in shallow drilling TSXV: QMX 14 1 2
  • 15. 2017/2018 Drilling Focused on East Zone – Prospective Targets 3 - North Shear  Completed exploratory hole to the north of the past producing Bevcon Gold Mine. Large prospective and underexplored area for future exploration. Plan to test extensions to East and West 4 - Bevcon Intrusive  A quartz-tourmaline vein system was mined over a strike of more than 1,000m and to a depth of 680m  Drill testing Western extension  Gold showings within and along the contact of the Bevcon Intrusion in shallow drilling  Bevcon mine historically produced 438,000 ounces of gold grading 4.3 g/t Au from 1951 - 1965 TSXV: QMX 15 4 3
  • 16. Custom Milling Facility – Aurbel Mill TSXV: QMX 16 Restarting the Aurbel Milling facility  QMX has entered into a Custom Milling agreement with Gowest Gold to process up to 120,000 tonnes for a Pilot Program, followed by 220,000 tonnes per annum of Commercial Production for an initial term of 3 years which can be extended. Work on the mill and permitting is to begin immediately.  This agreement allows for the restart of a key asset, strategically located in the Val d’Or Mining Camp.  Once the mill is running, QMX will evaluate additional Custom Milling and Bulk Sampling contracts.  As a result of this agreement, QMX plans to restart its exploration activities on the Bourlamaque Zone. This includes targets around the 3 past producing mines, Lac Herbin, Ferderber and Dumont.  This agreement provides cash flow, diversification and reduces financial risks going forward. Mill Overview  The Aurbel Mill is located in the Val d’Or Mining Camp with excellent infrastructure  Has rail and road access  Utilizes conventional crushing, grinding, gravity, flotation and cyanide leach circuits  The mill is highly customizable  1,200 tonne per day facility where 650 tonnes per day was refurbished in 2015/2016. Once operating QMX will evaluate options to bring the second half back on line.
  • 17. Custom Milling Facility – Aurbel Mill TSXV: QMX 17 Grinding 1 Rod Mill, 4 Ball Mills Floatation Only 1 bank currently operational – space for two more Refinery Storage Bins 2 x 1000 tonnes Gravity Separation Regrind 1 Ball Mill Crushing Up to 24” diameter Feed Jaw + 2 Cone Crushers Merill Crowe Cyanide Leaching Max. 90 tpd Knelson Au Concentrate Au precipitate Tailings SO2 Cyanide Destruction Leached Tails 650 tpd Custom Mill Feed  can be increased to 1200 tpd
  • 18. 2019 Drilling - Follow Up Drilling on East Zone; Initial Drilling on Bourlamaque Zone 1 – Follow up on 2018 drilling in East Zone 2 - Initial resource on Bonnefond South Target 3 – Gap Target in Bourlamaque Zone (between Lac Herbin and River Zone) TSXV: QMX 18 2 1 3 4 4 – Dunraine targets in Central Zone 5 – Southwestern Zone Incorporating Recent Mag survey DrillTargets Evaluation 5
  • 19. East Zone – Bonnefond South Target TSXV: QMX 19 2017 Phase 1 : 9 Holes / 4 434m 2018 Phase 2 : 20 Holes / 14 584m
  • 20. Bonnefond South Target – Testing Thick Gold Intersections & High Grade Shear Zones TSXV: QMX 20 Gold Envelope ~ 60m
  • 21. LONG SECTION LOOKING NORTH ?? ? Drilling 2018 - 12 Holes / 6,280m Completed East Zone – New Louvre Target Evaluate 2.2km Strike  Previous drilling was mostly shallow (less than 200m)  Gold intersections at surface and down to 1200m  Follow up drilling underway TSXV: QMX 21 >2.2KM Strike
  • 22. New Louvre - QMX Model TSXV: QMX 22
  • 23. East Zone – Bevcon Intrusive Evaluate 3km Strike  Previous drilling was mostly shallow (less than 200m)  Historical exploration drilling at the Bevcon gold mine intersected gold down 1000m  Also testing open pit potential around past producing Bevcon Mine TSXV: QMX 23 Drilling Targets
  • 24. TSXV: QMX 24 Bevcon Intrusive – West of Bevcon Mine
  • 25. Bevcon Intrusive – East of Bevcon Mine
  • 26. East Zone – North Shear Target Evaluate Shear Zones North of Bevcon Mine  Initial hole confirmed the presence of numerous gold bearing shear zones to the north of the past producing Bevcon Gold Mine and opens up a large prospective and underexplored area to the east and west for future exploration. TSXV: QMX 26
  • 29. Bourlamaque Zone – Main Trends Remain Underexplored TSXV: QMX 29
  • 30. Central Zone – Dunraine Targets  Evaluating a number of intrusive along gold bearing shear zones TSXV: QMX 30
  • 31. Southwestern Zone Target New discovery on Southwestern Zone made in early 2017  Encouraging gold intersections, magnetic anomaly, and shear zone continuity trending eastward from Sigma/Lamaque mines (Eldorado)  Testing along trend of Triangle Deposit and Sigma/Lamaque  3D Mag Inversion anomalies untested  Limited deep exploration in this area TSXV: QMX 31
  • 33. East Zone: Bonnefond Target •Reported length are measured along the hole. ** Au uncut. TSXV: QMX 33 Hole Number From (m) To (m) Length (m)* Grade (g/t Au)** Geology 17315-18-34 222.8 244.2 21.4 1.3 QFP Dyke/Shear Zone Incl. 229 235 6 2.5 255 267.5 12.5 2 QFP Dyke/Shear Zone Incl. 262 266.5 4.5 4.4 302.6 309.5 6.9 25.7 Shear Zone 17315-18-35 370 370.6 0.6 14.8 QFP 398.6 414.7 16.1 1.4 Shear Zone/FP Dyke Incl. 413.7 414.7 1 15.1 17315-18-37 551.8 559 7.2 1.4 Shear Zone/QFP Dyke Incl. 556 559 3 3 744.5 750.8 6.3 4.8 Shear Zone Incl. 749 750.8 1.8 15.6 Shear Zone 17315-18-38 283 315 32 1 Bonnefond Tonalite Incl. 283 286.7 3.7 3.3 361 366.1 5.1 4.9 Shear Zone Incl. 363 366.1 3.1 6.4 426 435 9 3 Incl. 429 433 4 5.3 Shear Zone 17315-18-39 220 221 1 72.7 Quartz Vein/Shear Zone 264 360 96.8 1.8 Bonnefond Tonalite Incl. 308.6 314.2 5.6 5.9 Incl. 325 329 4 7.7 438 446.2 8.2 3.3 Incl. 443.2 446.2 3 7.7 Drill Hole From (m) To (m) Length (m)* Grade (g/t Au)** Geology 17315-17-25 61.7 180.6 118.9 1.5 Tonalite Incl. 78.6 122.7 44.1 2.5 with 79.5 86.0 6.5 4.2 Shear Mafic Dyke and 111.1 116.7 5.6 4.5 Shear Mafic Dyke 17315-17-26 71.8 155.6 83.8 1.9 Tonalite Incl. 95.8 106.0 10.2 4.9 Shear Mafic Dyke 17315-17-27 204.1 297.8 93.7 1.4 Tonalite 449.8 454.4 3.8 1.8 Shear Zone 17315-17-28 86.8 157.3 70.5 0.4 Tonalite 200.5 204.0 3.5 3.0 Shear Zone 375.0 382.7 7.7 1.0 Shear Zone 17315-17-29 63.0 151.9 88.9 1.2 Tonalite 201.0 204.3 3.3 4.2 Shear Zone 356.1 364.9 8.8 13.2 Shear Zone 17315-17-30 110.8 149.5 38.7 1.1 Tonalite Incl. 113.3 117.2 3.9 3.3 Mafic Dyke 221.4 225.1 3.7 1.9 Shear Zone 17315-17-31 243.8 252.8 9.0 0.6 Tonalite 17315-17-32 122.3 123.3 1.0 15.2 Shear Zone 452.6 461.6 9.0 1.7 Shear Zone Incl. 456.4 459.6 3.2 2.8 17315-17-33 271.3 339.5 68.2 1.9 Tonalite Incl. 271.3 311.0 39.7 2.5 Incl. 331.6 339.5 7.9 3.4
  • 34. TSXV: QMX 34 East Zone: Bonnefond Target con’t Drill Hole From To Length* Au** Geology (m) (m) (m) (g/t) 17315-18-41 647.9 652.9 5.0 1.8 Shear Zone/Mafic Dyke 17315-18-42 227.0 237.0 10.0 0.9 Shear Zone Incl. 235.0 237.0 2.0 3.2 17315-18-43 49.0 183.0 134.0 1.0 Bonnefond intrusive Incl. 176.0 183.0 7.0 7.5 Shear Zone 17315-18-44 193.7 196.2 2.5 4.7 Shear Zone 17315-18-45 147.9 195.0 47.1 1.6 Bonnefond intrusive Incl. 158.0 165.0 7.0 6.4 Shear Zone/Mafic Dyke 17315-18-46 259.5 267.5 8.0 0.5 Shear Zone 17315-18-47 409.5 413.5 4.0 0.7 Shear Zone/QFP Dyke 417.0 423.0 6.0 0.5 Shear Zone 17315-18-48 69.5 72.3 2.8 1.4 Shear Zone 96.7 101.0 4.3 2.1 Shear Zone Incl. 98.2 100.0 1.8 4.6 148.0 279.3 131.3 1.7 Bonnefond intrusive Incl. 214.0 217.0 3.0 7.3 Shear Zone/Mafic Dyke Incl. 223.0 227.0 4.0 8.6 336.5 338.8 2.3 70.3 Quartz Vein Incl. 336.5 337.5 1.0 160.4 394.4 402.0 2.6 1.8 Shear Zone Drill Hole From To Length * Au** Geology (m) (m) (m) (g/t) 17315-18-49 43.3 46.0 2.7 1.2 Shear Zone 100.0 102.6 2.6 3.6 Shear Zone 143.0 147.0 4.0 3.0 Shear Zone 165.0 282.0 117.0 1.5 Bonnefond intrusive Incl. 200.0 205.0 5.0 5.3 Incl. 275.0 279.0 4.0 4.7 Shear Zone/Mafic Dyke 515.4 517.2 1.8 4.1 Shear Zone 17315-18-50 46.5 77.2 30.7 1.6 Bonnefond intrusive Incl. 54.0 60.0 6.0 6.9 Shear Zone/Mafic Dyke 84.0 86.9 2.9 1.3 Quartz Vein Incl. 118.0 121.0 3.0 1.7 148.9 156.0 7.1 1.8 Shear Zone Incl. 152.0 156.0 4.0 2.7 Incl. 185.0 188.0 3.0 1.9 365.5 383.0 17.5 1.4 FP Dyke/Vein Stockwork Incl. 371.3 372.1 0.8 12.3
  • 35. East Zone: New Louvre & North Shear Targets TSXV: QMX 35 Hole Number Hole Length (metres) From (metres) To (metres) Length* (metres) Au** (g/t) Interpretation 17315N-18-001 370.5 229.0 236.0 7.0 1.2 Shear Zone & Q-T Veins Incl. 233.0 235.4 2.4 3.0 246.2 249.7 3.5 4.2 Q-T Tension Veins Incl. 246.2 246.8 0.6 19.7 281.0 304.6 23.6 1.1 Shear Zone & Q-T Veins Incl. 289.0 294.2 5.2 4.1 17315N-18-003 354.0 213.9 218.0 4.1 2.3 Shear Zone & Q-T Veins Incl. 213.9 215.0 1.1 8.3 17315N-18-004 366.0 41.9 42.5 0.6 7.5 Shear Zone & Q-T Veins 114.0 124.0 10.0 3.8 Shear Zone & Q-T Veins Incl. 118.5 123.0 4.5 8.4 New Louvre Target North Shear Target Hole Number Hole Length From To Length* Au** Interpretation (metre) (metre) (metre) (metre) (g/t) 17311-17-008 852 81.1 82.0 0.9 3.2 Shear Zone 95.2 97.0 1.8 1.5 Shear Zone 108.1 110.4 2.3 0.5 Shear Zone 184.8 187.1 2.3 0.6 Shear Zone 275.3 277.3 2.0 1.4 Stringer Cp-Po 634,0 637.8 3.8 0.6 Shear Zone 716.3 717,0 0.7 305.5 Shear Zone 727.4 730.1 2.7 0.8 Shear Zone 813.0 827.2 14.2 4.6 Bevcon Contact incl. 816.6 823.4 6.8 9.0 •Reported length are measured along the hole. ** Au uncut.
  • 36. Select Results from Southwestern and Beacon Drilling Southwestern Zone – Reconnaissance Drilling Hole From (m) To (m) Length (m)* Au Grade (g/t) 17307-16-002 93.1 93.8 0.7 14.0 17307-16-003 132.7 135.0 2.3 1.2 181.8 135.0 1.0 2.3 17307-17-007 35.8 36.9 1.1 1.0 96.3 97.3 1.0 1.4 108.3 118.5 10.5 2.0 incl. 113.2 116.4 3.2 4.9 124.6 125.8 1.2 2.0 135.3 136.5 1.2 2.1 Bourlamaque Zone - Beacon Target Hole From (m) To (m) Length (m)* Au Grade (g/t) 17319-17-005 36.4 41.8 5.4 6.1 incl. 40.8 41.8 1.0 32.6 72.0 75.0 3.0 7.6 incl. 72.0 74.0 2.0 11.1 17319-17-007 12.0 17.1 5.1 2.4 26.1 27.2 1.1 1.1 17319-17-008 4.2 5.3 1.1 1.1 16.3 17.7 1.4 4.5 45.5 46.6 1.1 4.5 * Reported length are measured along the hole. Au uncut. TSXV: QMX 36

Editor's Notes

  1. RBMG Comments Reformatted text Added website link to all slides Changed date to October 2018
  2. RBMG Comment - Changed title color to white
  3. RBMG Comments Removed 52 week stock price from this slide and instead included in share metrics slide in the back Moved QMX’s ticker to first sentence Added Osisko and Probe mkt caps Added Infrastructure in place
  4. RBMG Comments Moved this slide up to show management’s expertise and success stories before going into the details of the project Consider separating into two slides if too small to read when printed
  5. RBMG Comments Updated title
  6. RBMG Comments Updated title
  7. RBMG Comments Moved East Zone slides up since this is the focus for company and should be included as part of presentation vs. appendix (detailed slides on East Zone are still in appendix but included high level ones as part of presentation) Good transition from full map on previous slide to key focus area – East Zone Took the bullet points from “Recent Successes in Val d’Or East” slide and added them to the bottom of this slide since they are related
  8. RBMG Comments Moved this slide up since it talks about what the company has achieved to date (before we get into Milestones – what the company expects to achieve in the future) Added the content from Val d’Or Mining Camp 2016-2018 Drilling Summary slide to this one since they are related
  9. RBMG Comments Changed title of slide Reformatted: Took bullets from “News Flow” slide and incorporated them into this one since news flow will be a result of achieving milestones. Put the timing ahead of the milestone and changed bullet point formatting - please review for accuracy. Changed in 1st bullet “Nearly Completed” to “October 2018” but please correct if inaccurate Please review the bullet point with check mark – since that has been completed, can you add a date and make it the first bullet point? Can you specify the timing for any of the “Ongoing” milestones? If so, please change those bullet points to checkboxes and make sure they’re in chronological order The slide before says QMX completed over 40,000m of drilling but in the 1st bullet it says 38,000m – please specify the amount drilled to stay consistent
  10. RBMG Comments Added in commas for all numbers in the 000’s and fixed spelling of “drillin”
  11. RBMG Comments Please update prior to posting online and printing for investor webinar/meetings Need to add options and warrants expiration date(s) and exercise price(s) – could also do the avg to condense Typically we advise against including the cash position because that could sometimes deter open market investors from building an interest in the company because they know the company will likely need to raise at a particular period of time. If you’re keen on providing the cash position in this slide, you might want to instead provide clarity on the “Cash Runway” instead of a specific figure Changed title to Share Metrics (previously was Capital Structure) Changed Market Capital to Market Cap. Added 52 week stock chart