Toro Dorado Gold

Toro Dorado Gold

San Simon Gold Camp
A Legend in Development

Corporate Presentation – Summer 2021

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Forward Looking Statements

These remarks may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are
based on the Company’s operations, estimates, forecasts and projections, but are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict or control. A number of factors could cause actual outcomes and results to differ materially from those
expressed. These factors include those set forth in the corporate filings.
Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot
guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or
obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will
continue reporting on items or issues that arise.

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Investment Highlights
San Simon Gold Camp - Excellent brownfield exploration upside and “Bluesky” potential
 Project has combined historical NI 43-101 Report (2010) and internally calculated Global Resources*
 539,349 gold ounces - Measured & Indicated categories grading 2.72 g/t Au.
 2,142,377 gold ounces - Inferred category grading 5.75 g/t Au.
 Open Pit and Underground Potential - Numerous brownfield and greenfield exploration and development opportunities.

 Small-scale fully permitted gold production operation on site (cash flow).

First Class Local Partner

 IINESCO SA - large engineering and construction company that works on projects throughout South America.
 IINESCO SA - operating the mine on a small-scale since 2016 after purchase in 2012.

Excellent Prospects for a large “Shovel-Ready” Bankable Mine in 2 to 3 years (~2023).

Experienced Management Team
 Technical team - on the ground experienced with similar type deposits.
 Technical oversight – discovered and developed several best in class assets.
 Strong project partner – access to resources and other opportunities.
Go Public Event Q4 2021 – seed-round financing opportunity
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CONFIDENTIAL – INTERNAL USE ONLY * Historical Resources Only – calculated to CIM Guidelines and NI 43-101 requirements but completed in-house
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San Simon Gold Camp: Location
• About 450 km north of the city of Santa
Cruz de la Sierra, main supply and
service centre for the Amazon region of
eastern Bolivia. MINE SITE
• Situated in northeastern Bolivia, Itenez
Province, Department of Beni, ~25 km
southwest of the village of Remanso on
the Rio Itenez, which constitutes the
border with Brazil.

• Access to the property from Santa

Cruz is by road or fixed wing aircraft.

• Road access from Santa Cruz is a one

way 770 km trip that takes ~20 hours in
a light vehicle.

• The road is in fair condition most of the INESCO

year but sections can become difficult
to impassable during the rainy season.

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San Simon Gold Camp: Location
• Communities close to the operation are: San
Simón (<10 km from plant); El Cafetal/Remanzo
(~25 km), coffee plantations (~23 km) and Tiquin
(~50 km).
• Cooperation agreements with all communities for
infrastructure works and sustainable projects and
good relationships exist.
• Most of the labour is from these communities
and they rely on the mine.
Airstrips
• Remanso is a small village and is capable of
supplying some supplies for the project
(but not main supply).
• Flight time to the property in a single
engine aircraft is about 2 hours.
• A 1,300 m airstrip on the property is
suitable for small and medium sized
aircraft.
• Property airstrip is in good condition and is
useable year round as it drains quickly,
even during the rainy season. Second airstrip is
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San Simon Area
• Region surrounding San Simón has Human Development Index (HDI) between
0.700 and 0.799.
• Argentina, Portugal, Spain, Greece, Italy, South Korea and United States fall in
same range.
San Simon • Compares favourably to regions in the west of Bolivia that score far lower on the
HDI.
• Historic nationalizations in 2012 of mines in Potosi (0.500-0.599 HDI) and
Cochabamba (0.600-0.699 HDI) were situations where the Bolivian Government
solved situations of extreme, often violent, social unrest through nationalization.
• Policy proved to be costly for Bolivia in terms of lost investment and settlement
costs.
• For several years, the Government of Bolivia has been courting international mining
investment and has created a stable environment.

Human Development Index Legend:

0.700 – 0.799
0.600 – 0.699
0.500 – 0.599

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Land Tenure: San Simon Gold Camp
Brazil

• 11 concessions (50.75 km2).

Bolivia
• 5 long-term contracts with Bolivian
concession owners.
• <10% of the concessions have been
explored and developed.
• covers much of the highly prospective
San Simon Schist Belt.
• Gold mineralization at San Simón
described as mesothermal lode gold
deposits.
• Hosted in thrust faults and shear
zones.

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Property Map: Gold Camp Area

DOÑA AMELIA ZONE

Main area of mining along the Trinidad-
Manganeso Thrust:
• Trinidad and Amelia - deposit/mine.
• La Rosas – mining activity west of Amelia.
• Manantial - mining activity west of Amelia.
• Manganeso - mining activity west of Amelia.

SAN SIMÓN ZONE

Southeast of Amelia along the Guarayos Thrust.
• Buriti
• San Francisco
• Paititi – open pit and decline (12/17 Zone).
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Dona Amelia and San Simón Zones

• Trinidad-Manganeso Thrust Zone (TMT)

is most advanced area.
• TMT traced discontinuously for a
distance of at least 4.5 km.
• TMT hosts a main quartz vein up to 15.9
m wide along most of its east-northeast
trend.

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Trinidad-Amelia Mine
Trinidad Area: main quartz vein dips moderately
(35-45 degrees) to the south and has been
exploited by artisanal miners with open pits to a
depth of about 10 m and declines to a down-dip
distance of as much as 120 m (according to verbal
accounts from local miners). More than one quartz
vein has been intersected in some drill holes.

Gold mineralization is structurally controlled,

occurring mostly in fractures and shears in and
along the major quartz vein and in subsidiary
section looking west veins and structures, and is generally erratic
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and nuggety (SRK, 2010)
Historical Global Resource Toro Dorado Gold 11
(Non-compliant with NI 43-101)

Project-wide INTERNAL and Preliminary Mineral Resources, San Simon Gold Project.

Category Sector/Zone Au (g/t) Tonnes Au (oz)

Measured Trinidad 4.4 540,378 76,452
Indicated Amelia 2.44 5,900,040 462,897
Trinidad/Manganeso Thrust Inferred Amelia 2.71 313,092 27,282
Inferred Las Rosas 1.81 1,533,087 89,225
Inferred Manganeso 6.55 8,330,040 1,754,398
Inferred San Simon 1.89 1,801,008 109,450
Guarayos Thrust
Inferred Paititi 2.38 2,117,178 162,022
Totals: 20,534,823 2,681,726

A Qualified Person, for the purposes of NI 43-101, has not done sufficient work to classify the
historical estimates referenced above as current mineral resources or mineral reserves, and as
such the Issuer is not treating the historical mineral resource estimates contained herein as
current

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Exploration/Resource Expansion
Trinidad/Manganeso Thrust Zone
 Brownfields and mine exploration success to increase resources in several target areas:
 Amelia Mine: pipe/shoot like higher grade structures identified in modelling, strike extensions of known mineralisation and
footwall stockwork.
 Manganeso Deposit (closest to gold plant): opportunity for open pit deposit expansion; current drilling does not reflect
surface evidence of additional mineralization based on activities of artisanal miners.
 Between Amelia and Manganeso: vein system confirmed at historical Manantial and Las Rosas areas but additional work
required.

Guarayos Thrust Zone

 Opportunity for stand-alone operations in at least two prospects ~2.5 km southeast of Amelia:
 Paititi Deposit: consists of relatively low grade stockwork (>150m wide and along +1.5 km of strike); free gold at surface
(artisanal miners); possible heap leach open pit starter (~20 m depth, possible 250K ounces of gold); in addition to
stockwork, historical drilling identified areas of high-grade gold.
 Buriti Zone: extensive vein workings over a strike of 2.3 km; artisanal workings up to 10 m deep, developed over strike
length; has not been drill tested.
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Bolivian Project Partner: INESCO SA

 INESCO SA is a Bolivian
engineering, construction and
assembly services company that
focuses on the Power Generation, Oil
and Gas, Mining and Industrial
sectors.
 Headquartered in the city of Santa
Cruz de la Sierra, Bolivia.
 Projects in Bolivia, Peru, Argentina,
Uruguay, and Brazil.

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Terms of Project Acquisition

 Expenditure Earn-in:
 Stage 1: Expenditures of US$2.5M plus US$1.5M cash payment - earns 51% of the Project.
 Stage 2: Expenditures of US$5M - earns 19% of the Project for total ownership of 70%.
 Stage 3: Expenditures of US$5M - earns 10% of the Project - total ownership of 80%.
 An 80/20 joint venture proceeds from this point forward.

 Additional Option:
 US$10M to increase ownership to 90%.

 Final 10% owned by INESCO - carried to production of an expanded mine scaled to the resources.

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Terms of Project Acquisition
 Capped Net Profit Share (NPS):
 The majority of mine profit will be paid to INESCO to pay down accumulated debt on the Project.
 NPS capped at US$16M.
 Prior to distribution of US$2.5M to INESCO, 100% of mine profit goes to INESCO.
 Following 80% of mine profit goes to INESCO until a further US$8.5M has been distributed to
INESCO.

 Once the US$2.5M threshold has been met, INESCO will receive 80% of mine profits until
a further US$8.5M has been provided to INESCO.
 Further distribution of the net profit share will be at a reduced rate up to the cap of
US$16M.
 An additional equity payment will be made from existing shares outstanding.
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Exploration Budget (proposal – 6 months)
AMOUNT AMOUNT
ITEM
US$ CAD$  Funds for Stage 1 will be used to finalize the
NI 43-101 Report $25,000 $33,333 current mill upgrade, complete mine
Data Compilation, $15,000 $20,000 rehabilitation for mechanized mined and some
Modelling & Targeting resource drilling/
Geological Mapping & $100,000 $133,333
Prospecting
 Funds for Stages 2 and 3 will be spent on
upgrading the project resources (PEA, PFS)
Geophysical Surveys $200,000 $266,667
(Surface) and advancing toward a bankable feasibility
Exploration Reporting $10,000 $13,333
for a larger mine. Some exploration of
peripheral zones will also be included.
Diamond Drilling $700,000 $933,333
(Regional Targets 2000m)  As part of the regional exploration program
Reporting - Drilling $20,000 $26,667 (post 6 months) a high resolution, deep
Program looking, heliborne TDEM is planned.
Totals: US$1,070,000 CAD$1,426,667

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Valuation Comparables
Gold Explorers with:: AMC/oz > US$25*:

Comparing San Simon Gold Camp:

• Gold explorers with resource universe
trade at an average of US$50/oz*
• Current equity round valued at ~$7
million market cap**

Gold Equity Market Looking Strong in 2021 :

• Equity financings in 2020 (gold-only)
raised ~$5.2 billion (a tracked record)
• YTD 2021, financing activity among gold
equities is just over $2.0 billion

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CONFIDENTIAL – INTERNAL USE ONLY *Beacon Securities – Gold Explorers Universe Research, Q1 2021
**Management internal analysis based on historical non 43-101 compliant resource (Global)
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Proforma Capital Structure and Financing
Share
Seed Round Offering (June 2021): up to $1,500,000 @ $0.30/Sh
Shares Cash
Price* Use of Proceeds:
 Begin Project level expenditures: On track to completion of the first 51% as
Current I/O 5,000,000
per Option Agreement:
Seed Private
5,000,000 $0.30 $1,500,000  Initiate Exploration (see Exp Budget):
Placement
 NI 43-101 Technical Report (inclusive of historical mineral resources).
Amalgamation  Data Compilation.
with Private 12,500,000 $0.30
Co.
 Modelling and Targeting.
 Geological Mapping and Prospecting.
Strike  Geophysical Surveys (surface).
Options 1,000,000
$0.07  Exploration Reporting.

Strike  Listing on the CSE.

Warrants 1,589,000 Avg.
$0.36  G&A
 Marketing and IR
Fully Diluted 25,089,000 $.65 $1,500,000

Internal Only.
Not for public
CONFIDENTIAL distribution.
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Timelines

Seed Plant
Financing Expansion & Resource definition Equity raise C$8M – Preliminary Economic Bankable
C$1,500,000 Mine Upgrade (expansion) drilling 10M Assessment commencement
program

Q3 Q4 Q1 Q2 Q3 Q4 Q1
2021 2021 2022 2022 2022 2022 2023
New NI 43-101 Infill drilling (M&I) and P2 drilling
Listing Approval &
Resource expansion drilling
Trading
IPO Raise C$6.5M

Listing
Application

Pre-List
Raise C$10M

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Management & Board of Directors
 Peter Ball, President and CEO, Director
Over 30 years of experience as a mining professional; Companies include Redstar Gold, Columbus Gold, Hudson Bay Mining
and Smelting, Echo Bay Mines Ltd, Eldorado Gold Corp, and RBC Dominion Securities. Currently holds senior executive
position at NV Gold Corporation.
 Enrique Barrios, Director
CEO of INESCO SA (Bolivia).

 Scott Jobin-Bevans, VP Exploration, Director

+30 years of international mineral exploration and development; founder of Caracle Creek Chile SpA; former PDAC President;
based in Santiago, Chile.

 Ian Overton, VP Corporate Development, Director

+20 years in finance and mining.

 Mike Gross, Mining Consultant

senior mining, management and exploration professional with 45 years of hands-on experience in UG and OP mine
operations; has managed mines for Hecla, Royal Oak and Atlas Corp.

 Gustavo Barrios, Bolivia Country Manager

Current mine manager at San Simón; based in Santa Cruz, Bolivia
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Investment Summary
San Simon Gold Camp - Excellent brownfield exploration upside and “Bluesky” potential
 Project has combined historical NI 43-101 Report (2010) and internally calculated Global Resources*
 539,349 gold ounces - Measured & Indicated categories grading 2.72 g/t Au.
 2,142,377 gold ounces - Inferred category grading 5.75 g/t Au.
 Open Pit and Underground Potential - Numerous brownfield and greenfield exploration and development opportunities.

 Small-scale fully permitted gold production operation on site (cash flow).

First Class Local Partner

 IINESCO SA - large engineering and construction company that works on projects throughout South America.
 IINESCO SA - operating the mine on a small-scale since 2016 after purchase in 2012.

Excellent Prospects for a large “Shovel-Ready” Bankable Mine in 2 to 3 years (~2023).

Experienced Management Team
 Technical team - on the ground experienced with similar type deposits.
 Technical oversight – discovered and developed several best in class assets.
 Strong project partner – access to resources and other opportunities.
Go Public Event Q4 2021 – seed-round financing opportunity
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Contact

For More Information

IAN OVERTON NICK KONKIN
T: 416-889-1886 T:416-567-9087
[email protected] [email protected]

401 Bay St Suite 2702, Toronto, ON M5H 2Y4

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APPENDIX

401 Bay St Suite 2702, Toronto, ON M5H 2Y4

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Mining Operations: Doña Amelia Zone
MINA VIEJA, TRINIDAD
Dona Amelia Zone AND AMELIA MINE

Village of
San Simón

Active airstrip on Property

TAILINGS

PLANT

MANGANESO
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Operations

Currently a small mining operation and plant at

San Simón.
Key features:
• Operation is fully permitted for underground
mining, plant and tailings.
• Power is provided by diesel generator.
• Fully compliant environmentally.
• Company has good relations with local
communities and agreements in place.
• Operations are being expanded to
accommodate mechanized mining methods.
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Plant Expansion Budget

AMOUNT US$ AMOUNT CAD$

New and replace Mining equipment $1,200,000 $1,600,000
Replacement Plant Equipment and upgrades $300,000 $400,000
Increase capacity of tailings dam $200,000 $266,667
Mine preparation investment $400,000 $533,333
Confirmation DDH $600,000 $800,000
Intensive Leaching $500,000 $666,667
Financial Contingency $700,000 $933,333
Totals: US$3,900,000 CAD$5,200,000

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Land Tenure: San Simón Project

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Geology: Bolivia
Precambrian Shield: Northeast Bolivia
• Eastern Bolivia hosts extensive
mineral deposits from north to
south following the Precambrian
San Simon
Shield that extends into Brazil.

• Many of these mines and

deposits represent targets for
acquisition and excellent
exploration and development
opportunities.

• San Simón is among the most

developed of these deposits.

CONFIDENTIAL
* Doctoral Thesis – INTERNAL
- Ariana USE
Zeballos, ONLY
Luleå University of Technology
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Geology: San Simón Schist Belt
Trinidad/Manganeso Thrust

Gold in drill core with associated hematite and

quartz veining at Trinidad/Manganeso

Guarayos Thrust
Free gold recovered
by sluicing of
weathered quartz
stockwork at Paititi

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Regional Geology: Major Structures

• Vast majority of existing historical

resource occurs along the Trinidad-
Manganeso Thrust.

• Exceptional exploration upside through:

• Brownfields exploration and
increased resources along Trinidad-
Manganeso Thrust.
• Extensions of existing mineralized
zones along the Guarayos Thrust.
• Prospectivity along other major
structures including thrust faults and
associated splays
• Additional targets anticipated through
regional geophysical surveys.
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