GOLD:TSX-V | GLDLF:OTCQX - Brazil Resources...

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2 GOLD:TSX-V · GLDLF:OTCQX · GOLDMINING.COM

Forward Looking Statements This presentation contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its business and future events including statements regarding GoldMinings’ growth strategy and exploration plans. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the uncertainties respecting historical resource estimates, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with GoldMinings' expectations, accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, commodity price fluctuations, regulatory restrictions, including environmental regulatory restrictions, GoldMinings’ ability to identify, complete and/or finance additional acquisitions or any failure to integrate acquired companies and projects into GoldMinings’ existing business as planned. These risks, as well as others, including those set forth in GoldMinings' filings with Canadian securities regulators, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. GoldMining does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

TECHNICAL INFORMATION The technical information in this presentation regarding our Cachoeira, Sao Jorge, Whistler, Boa Vista, Surubim (previously Rio Novo project) and Rea projects, please refer to the following respective reports: (i) independent technical report dated April 17, 2013 and amended and restated on October 2, 2013 titled "Technical Report and Resource Estimate on the Cachoeira Property, Para State Brazil", prepared by Greg Mosher of Tetra Tech, Inc.; (ii) independent technical reported by Porfiro Rodriguez and Leonardo de Moraes Soares of Coffey Mining with an effective date of November 22, 2013 and titled "Sao Jorge Project, Para State Brazil"; (iii) Independent technical report (amended and restated as of May 30, 2016) by Gary H. Giroux, M.A. Sc., P.Eng. with an effective date of March 24, 2016 and titled "NI 43-101 Resource Estimate for the Whistler Project“; (iv) independent technical report by Jim Cuttle, Gary Giroux and Michael Schmulian with an effective date of November 22, 2013 and titled "Technical Report, Boa Vista Gold Project and Resource Estimate on the VG1 Prospect, Tapajos Area, Para State, Northern Brazil"; (v) independent technical report by Jim Cuttle and Gary Giroux with an effective date of November 22, 2013 and titled "Technical Report on the Rio Novo Gold Project and Resource Estimate on the Jau Prospect, Tapajos Area, Para State, Northern Brazil"; (vi) independent technical report prepared by Irvine Annesley and Roy Eccles with an effective date of September 12, 2014 and titled "Technical Report on the Rea Property, Northeastern Alberta”; and (vii) independent technical report prepared by Joseph A. Kantor and Robert Cameron with an effective date of September 14, 2016 and titled “Technical Report on the Titiribi Project, Department of Antioquia, Colombia". Reference should be made to the full text of the technical reports each of which is available under the Company's profile at www.sedar.com.

Paulo Pereira, the Company's President, has supervised the preparation of and reviewed the technical information contained in this presentation. Mr. Pereira holds a Bachelor degree in Geology from Universidade do Amazonas in Brazil, is a qualified person as defined in National Instrument 43-101 (“NI 43-101”) and is a member of the Association of Professional Geoscientists of Ontario.

Certain information in this presentation regarding the activities of other companies and other market information has been obtained from publicly available information and industry reports. Such reports generally state that the information contained therein has been obtained from sources believed to be reliable, but the accuracy or completeness of such information is not guaranteed. We have not independently verified or cannot guarantee the accuracy or completeness of that information and investors should use caution in placing reliance on such information.

CAUTIONARY NOTE Investors are cautioned not to assume that any part or all of mineral deposits in the "indicated" and "Inferred" categories will ever be converted into mineral reserves with demonstrated economic viability or that inferred mineral resources will be converted to the measured and/or indicated categories through further drilling. In addition, the estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies.


The Case for GoldMining Inc. (GOLD)

Whistler

Rea

Titiribi Cachoeira

Surubim Boa Vista

Sao Jorge

• 10.3 million oz gold global M+I resource.

• 7.8 million oz gold global Inferred resource.

• Strong insider ownership of 25%.

• Strategy to acquire projects with drilled off resources.

• Uranium optionality in JV with Areva.

Notes: 1. See slides 2 and 21 for reference to the respective technical report and resource tonnage and grade for each project. 2. The technical reports are available at www.sedar.com under GoldMining's profile.

http://www.sedar.com/


Resource Growth Over the Last 5 Years 12 MOz

10 MOz

8 MOz

6 MOz

4 MOz

2 Moz

0 MOz

Inferred Indicated

Gol

d Eq

uiva

lent

Oun

ces

Boa Vista

336,

000

Surubim

503,

000

Sao Jorge 1,

035,

200

71

5,00

0

Cachoeira

537,

756

691,

676

Whistler

2,79

7,00

0

6,73

1,00

0

Total

10,4

24,0

00

12,5

83,0

00

Resource growth with minimum

shareholder dilution

.

Titiribi

6,22

0,00

0

3,44

0,00

0




Acquisitions Near Bottom of the Gold Cycle

Source: Bloomberg

3000

2500

2000

1500

1000

500

Year

TSX-

V In

dex

Clos

ing

Pric

e (C

$)

1996 2002 2006 2010 2016

Commodity Bull Market

Commodity Bear Market

Cachoeira Acquisition

Sao Jorge Acquisition

Whistler Acquisition

2000 1998 2004 2008 2012 2014

Titiribi Acquisition


GoldMining at a Glance

Share Structure Coverage Analyst Issued & Outstanding 118.4 M Cantor Fitzgerald Rob Chang Options 2.9 M H.C. Wainwright Heiko Ihle Warrants 14.1 M Fully Diluted 135.4 M

Financial Cash (no debt, CAD) ~$21 M Closing Price (GOLD – TSX Ventures) $1.51 Closing Price (GLDLF – OTCQX) $1.12 Avg. Daily Volume (90 days) 746,691 Market Cap (USD) $134 M

25%

35%

40%

Insiders Institutional Individual Holders


• Latin America’s foremost merchant bank established in 1975.

• Brasilinvest is a major shareholder of GoldMining.

• Brasilinvest has completed ~US$16 billion of investments.

Our Strategic Partner in Latin America


Cachoeira

Sao Jorge Surubim

Boa Vista

Para State, Brazil

Para State Projects • Four projects encompassing 1.5 Moz

indicated and 2.4 Moz inferred gold in Para State.

• Corporate tax rate of 15.25% in Para State compared to 34% in other states.

• Road access, grid power & water.

Para State Resources

Project Indicated Inferred

Sao Jorge1 0.71M oz 1.03M oz

Cachoeira2 0.78M oz 0.56M oz

Boa Vista3 - 0.33M oz

Surubim4 - 0.50M oz




Sao Jorge – Leading Position in Prolific Gold District

Market Cap: C$56M

Market Cap: C$48 M

Market Cap: C$154 M

Market Cap: C$3.6 B


• Large land holding (55,930 Ha).

• Adjacent to paved highway with a surplus of low cost hydro-electric grid power.

• Novo Progresso

• 60,000 inhabitants; human capital to support mine development.

• Commercial airport provides link to Belem.

• No garimpeiros (artisanal miners).

Sao Jorge – Rapidly Improving Infrastructure


Sao Jorge – Indicated Resource Grading 1.54 g/t Gold • Near surface mineralization

amenable to open pit extraction.

• Disseminated and stockwork style mineralization over wide widths.

• 145 diamond drill holes.

• Metallurgical recoveries of 93%.

• 90% of ~50,000 hectare land holding un-explored.

Sao Jorge Resource (0.3 g/t cut-off)1

Classification Tonnes Gold Grade (g/t)

Gold (oz)

Indicated 14.42 1.54 715,000

Inferred 28.19 1.14 1,035,200

Notes: 1. See technical report titled “Sao Jorge Project, Para State, Brazil“ with an effective date of Nov. 22, 2013. 2. The technical report is available at www.sedar.com under GoldMining's profile.

Section 7500E

Unaltered Rock Hematite +

Chlorite Silica + Sericite + Epidote + Pyrite

0.97 g/t / 135.8m

1.14 g/t / 108.2m

1.69 g/t / 114.5m

0.66 g/t / 124.6m

0.51 g/t / 118m

Au (g/t)



Sao Jorge Deposit – Over US$40 million in Prior Exploration


Sao Jorge – Deposit Drilling


• Three deposits hosted within the Gurupi Greenstone Belt.

• Deposits amenable to open pit extraction.

• Accessible by paved highway (BR-316) with grid power.

• Mining concessions cover the three deposits.

• Preliminary License (LP) / Environmental Impact Assessment submitted for review.

Cachoeira Project – Overview

Cachoeira

Sao Jorge Surubim

Boa Vista

Para State, Brazil

Cachoeira Resource (0.35 g/t cut-off)1

Classification Tonnes Gold Grade (g/t)

Gold (oz)

Indicated 17.47 1.23 692,000

Inferred 15.67 1.07 538,000

Notes: 1. See technical report titled “Technical Report and Resource Estimate on the Cachoeira Property” with an effective date of April 17, 2013. 2. The technical report is available at www.sedar.com under GoldMining's profile.



• 6.22 Moz gold equivalent M+I.

• 3.44 Moz gold equivalent Inferred.

• 100% owned with no royalties.

• District scale gold-copper porphyry and epithermal system:

• Three deposits (Cerro Vetas, Chisperos, NW Breccia), and

• Six mineralized targets (Maria Jo, Candella, Porvenir, Margarita, Junta, Rosa).

• 270 drill holes (144,779 m).

• Good metallurgical recoveries.

• Excellent infrastructure.

Titiribi – Overview

Medellin

Titiribi Resources (0.3 g/t gold cut-off)1

Classification Tonnes Gold (g/t)

Gold (Moz)

Copper %

Copper (Mlbs)

Gold Eq (g/t)

Gold Eq (Moz)

M + I 285.8 0.50 4.63 0.11 654.4 0.68 6.22

Inferred 207.9 0.49 3.25 - 77.9 0.51 3.44

Notes: 1. See technical report titled "Technical Report on the Titiribi Project, department of Antioquia, Colombia“ with an effective date of September 14, 2016. 2. The technical report is available at www.sedar.com under GoldMining's profile.



Titiribi – Excellent Infrastructure

• Located 70 km southwest of Medellin.

• 90 minutes by car on paved roads from Medellin.

• Rail lines to ports.

• High power electrical transmission grid 3 km from property.

• Mining state with skilled work force.

• Large water source nearby (Cauca River).

Compared to many other porphyries in the high Andes, Titiribi is located at low elevation with large water source, paved roads to site and nearby power and rail lines.


Mid-Cauca Porphyry Belt – Multi-Million Ounce Gold Deposits • Exploration

• San Matias/Cordoba Minerals

• La Cumbre/Batero

• Titiribi/Brazil Resources

• Quebradona/AngloGold Ashanti

• La Mina/Bellhaven Copper & Gold

• Development

• Santa Ramon/Red Eagle • Gramalote/Anglogold Ashanti/B2 Gold

• Buritica/Continental Gold

• Miraflores/Metminco

• La Colosa/Anglogold Ashanti

• Production

• Marmato/Gran Colombia

Buritica/Continental Gold

San Ramon/Red Eagle

Gramalote//Anglogold

Marmato/Gran Colombia

La Mina/Bellhaven

Miraflores/Metminco

La Colosa/Anglogold

San Matias/Cordoba Minerals

La Cumbre/Batero

Mid-Cauca Porphyry Belt

Titiribi/GOLD M+I – 4.63 Moz Inf – 3.25 Moz

Quebradona/Anglogold

Notes: 1. See technical report titled "Technical Report on the Titiribi Project, department of Antioquia, Colombia“ with an effective date of September 14, 2016. 2. The technical report is available at www.sedar.com under GoldMining's profile.



Fairbanks

Whistler Project

• 2.80 Moz gold equivalent Indicated.

• 6.73 Moz gold equivalent Inferred.

• Alaska home to six producing mines and several advance stage projects.

• District-scale project (170 sq km).

• Bulk mineable near surface porphyry mineralization.

• 70,000 m of diamond drilling.

• Favorable metallurgical recoveries.

• Several access routes available.

• Proposed gas pipeline passes by property.

Whistler Project – Overview Whistler Resources (0.3 g/t AuEq cut-off)

Classification Tonnes Gold (g/t)

Gold (Moz)

Copper %

Copper (Mlbs)

Gold Eq (g/t)

Gold Eq (Moz)

Indicated 110.3 0.50 1.77 0.14 343.1 0.79 2.80

Inferred 311.3 0.47 4.63 0.11 713.5 0.68 6.73

Notes: 1. See technical report titled “NI 43-101 Resource Estimate for the Whistler Project“ with an effective date of March 24, 2016. 2. The above technical report is available at www.sedar.com under GoldMining’s profile.



Whistler Project – Satellite Deposits & Targets

Round Mountain

Snow Ridge

Long Lake Hills

Whistler

Rainmaker

Puntilla

Raintree W

Spur Targets

Portage Ck

Looking NW

167 m @ 0.47g/t Au, 0.17% Cu.

90 m @ 0.42g/t Au, 1.3g/t Ag, 0.10% Cu

2.25 Moz Au Eq. indicated 3.35 Moz Au Eq. inferred*

Raintree N

WB Camp & Airstrip

Skwentna River

Winter Trail Access Route

Puntilla Airstrip

Raintree S

172 m @ 1.13 g/t Au, 0.18% Cu, 3.9 g/t Ag within 453.2 m of 0.72 g/t Au, 0.12% Cu, 3.2 g/t Ag

79.3 m @ 0.57 g/t Au, 0.19% Cu, 1.55 g/t Ag

Notes: 1. See technical report titled “NI 43-101 Resource Estimate for the Whistler Project“ with an effective date of March 24, 2016. 2. The above technical report is available at www.sedar.com under GoldMining’s profile.



• Acquired through the acquisition of Brazilian Gold in Dec. 2013.

• $10 M in exploration.

• District scale land holdings in the western Athabasca Basin – 125,000 hectares.

• GoldMining owns 75% and AREVA owns 25%.

• Surrounds Areva’s high-grade Maybelle deposit (17.7% U over 5.0m in MR-39).

• Discovered in 1988.

• Areva completed their first drill program this winter since 2003.

• New exploration model (basement hosted) since last period of exploration.

Rea Uranium Project – Western Athabasca Basin


Project Cut-off Tonnes Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq (g/t) (Mt) (g/t) (g/t) (%) (g/t) (Moz) (Moz) (Mlbs) (Moz)

Measured Resources Cerro Vetas 0.3 51.600 0.49 - 0.17 0.82 - 195.10 1.290

Indicated Resources Sao Jorge 0.3 14.420 1.54 - - 1.54 0.715 - - 0.715 Cachoeira 0.35 17.470 1.23 - - 1.23 0.692 - - 0.692 Whistler 0.3 79.200 0.51 1.97 0.17 0.88 1.280 5.03 302.00 2.250 IM 0.3 31.080 0.49 1.10 0.06 0.55 0.485 1.10 41.12 0.547 Cerro Vetas 0.3 132.400 0.48 - 0.16 0.78 2.06 - 459.3 3.17 Chisperos 0.3 62.100 0.48 - - - 0.97 - - 0.97 NW Breccia 0.3 39.700 0.62 - - - 0.79 - - 0.79 Total 376.370 0.58 0.51 0.10 0.75 6.992 6.13 802.43 9.134

Measured and Indicated Resources Total 7.812 6.13 997.52 10.424

Inferred Resources Sao Jorge 0.3 28.190 1.14 - - 1.14 1.035 - - 1.035 Cachoeira 0.35 15.667 1.07 - - 1.07 0.538 - - 0.538 Boa Vista 0.5 8.470 1.23 - - 1.23 0.336 - - 0.336 Surubim 0.3 19.440 0.81 - - 0.81 0.503 - - 0.503 Whistler 0.3 145.800 0.40 1.75 0.15 0.73 1.850 8.21 467.00 3.350 IM 0.3 82.020 0.47 1.02 0.05 0.53 1.237 2.69 90.43 1.390 RW (Zone B) 0.3 31.680 0.40 5.39 0.06 0.55 0.409 5.49 41.91 0.563 RW (Zone A) 0.6 51.760 0.68 3.74 0.10 0.86 1.130 6.22 114.13 1.428 Cerro Vetas 0.3 70.800 0.429 - 0.05 0.51 0.980 - 77.90 1.160 Chisperos 0.3 51.100 0.452 - - - 0.740 - - 0.740 NW Breccia 0.3 86.000 0.56 - - - 1.540 - - 1.540 Total 10.298 22.61 791.37 12.583

GoldMining NI 43-101 Resource Statement

Notes: 1. See slide 2 for reference to respective technical reports. 2. The technical reports and news releases are available at www.sedar.com under GoldMining’s profile.



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