MT Todd Gold Project

• Demonstrated feasibility
• Permitted
• Opportunity for lower intial capex and high returns through staged development

Enviromental, Social and Governance

• Transparency and accountability
• Sustainable and socially responsible development
• Best corporate governance practices

SAFE AND MINING-FRIENDLY JURISDICTION

• NT globally ranked¹
  1^st for best practices mineral development
  6^th for mining investment
• Aggressive reforms underway to encourage mineral development

Vista Gold

• Experience and proven leadership
• Demonstrated low-cost option on gold reserves
• Target for gold producers looking to replace depleting ounces