ContinentalGoldPaulBegin PDF

COLOMBIA GOLD
SYMPOSIUM
November 13-14, 2018
www.continentalgold.com
www.continentalgold.com | High-grade Colombian Gold
Important Notice
Certain forward-looking information contained herein is presented for the purpose of assisting from those expressed or implied by such information, including but not limited to risks related to:
investors in understanding the expected financial and operational performance and results of failure to establish estimated mineral resources or reserves; the grade, quality and recovery of mineral
Continental Gold Inc. (the “Company”) as at and for the periods ended on the dates presented in the resources and reserves varying from estimates; risks related to the exploration stage of the
Company’s plans and objectives and may not be appropriate for other purposes. Company’s properties; the possibility that future exploration results will not be consistent with the
This presentation does not constitute a prospectus or other form of offering document relating to the Company’s expectations (including identifying additional and/or deeper mineralization); changes in the
Company, and does not constitute an offer or invitation to purchase or subscribe for any securities of price of gold; changes in equity markets; political developments in Colombia; uncertainties relating to
the Company or any other company and should not be relied on in connection with a decision to the availability and costs of financing needed in the future; changes to regulations affecting the
purchase or subscribe for any such securities. This presentation does not constitute a Company’s activities; delays in obtaining or failures to obtain required regulatory approvals; the
recommendation regarding any decision to sell or purchase securities of the Company or any other uncertainties involved in interpreting drilling and exploration results and other geological data and
company. These presentation slides (the “Slides”) are being supplied for information purposes and other factors (including exploration, development and operating costs and risks). In addition, the
may not be reproduced or distributed or published, in whole or in part, for any other purpose. No factors described or referred to in the section entitled “Description of the Business: Risks of the
reliance should be placed for any purpose whatsoever on the information contained in this Business” in the Company’s most recent Annual Information Form and other regulatory filings which
presentation or the completeness or accuracy of such information. No representation or warranty, are available under the Company’s profile on SEDAR at www.sedar.com, should be viewed in
express or implied, is given by or on behalf of the Company or its shareholders, directors, officers, or conjunction with the information in this presentation. Although management of the Company has
employees or any other person as to the accuracy or completeness of the information or opinions attempted to identify important factors that could cause actual results, performance or achievements
contained in this presentation, and no liability is accepted for any such information or opinions to differ materially from those contained in forward-looking information, there can be other factors that
(including in the case of negligence, but excluding any liability for fraud). cause results, performance or achievements not to be as anticipated, estimated or intended. There
The technical information about the Company’s mineral properties and exploration activities can be no assurance that such information will prove to be accurate or that management’s
contained in this presentation has been reviewed and approved by Mr. Donald Gray, an officer expectations or estimates of future developments, circumstances or results will materialize.
of the Company, who is a “qualified person” within the meaning of National Instrument 43-101. Accordingly, readers should not place undue reliance on forward-looking information. The Company
All references to mineral reserves and the mineral resource estimate are sourced from the disclaims any intention or obligation to update or revise any forward-looking statements whether as a
technical report entitled “Buriticá Project NI 43-101 Technical Report Feasibility Study result of new information, future events or otherwise, except as required by applicable law.
Antioquia, Colombia” dated March 29, 2016 with an effective date of February 24, 2016 (2016
Buriticá Technical Report). A copy of the technical report can be accessed under the Differences in Reporting of Resource Estimates
Company’s SEDAR profile at www.sedar.com or on our website at www.continentalgold.com. This presentation was prepared in accordance with Canadian standards, which differ in some respects
from United States standards. In particular, and without limiting the generality of the foregoing, the
Caution Regarding Forward-looking Statements terms “inferred mineral resources,” “indicated mineral resources,” “measured mineral resources” and
Certain information contained in this presentation constitutes “forward-looking statements” under “mineral resources” used or referenced in this presentation are Canadian mining terms as defined in
Canadian securities legislation. All statements, other than statements of historical fact included in this accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects under the
presentation including, without limitation, statements regarding the results of the FS, including, but not guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards
limited to, gold price and exchange rate assumptions, cash flow forecasts, projected capital and on Mineral Resources and Mineral Reserves (the “CIM Standards”). The CIM Standards differ
operating costs, metal or mineral recoveries, mine life and production rates; the Company's potential significantly from standards in the United States. While the terms “mineral resource,” “measured
plans and operating performance; the estimation of the tonnage, grades and content of deposits, and mineral resources,” “indicated mineral resources,” and “inferred mineral resources” are recognized
the extent of the resource and reserves estimates; potential production from and viability of the and required by Canadian regulations, they are not defined terms under standards in the United
Company's properties; estimates of future production and operating costs; the timing and receipt of States. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and
necessary permits and project approvals for future operations; access to project funding, and other great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of
statements relating to the financial and business prospects of the Company, are forward-looking an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities
statements based on forecasts of future operational or financial results, estimates of amounts not yet laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic
determinable and assumptions of management that involve various risks and uncertainties. Any studies. Readers are cautioned not to assume that all or any part of measured or indicated mineral
statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, resources will ever be converted into reserves. Readers are also cautioned not to assume that all or
projections, objectives, assumptions of future events or performance (often, but not always, using any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of
words or phrases such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, United
“estimates”, “forecasts”, “intends”, “is projected”, “anticipates” or “does not anticipate”, “believes”, States companies are only permitted to report mineralization that does not constitute “reserves” by
“targets” or variations of such words and phrases, or stating that certain actions, events or results standards in the United States as in place tonnage and grade without reference to unit measures.
“may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved) are not statements Accordingly, information regarding resources contained or referenced in this presentation contain
of historical facts and may be “forward-looking statements”. The Company cautions that forward- descriptions of our mineral deposits may not be comparable to similar information made public by
looking information involves known and unknown risks, uncertainties and other factors that may cause United States companies. The determination of mineral reserves can be affected by various factors
the Company’s actual results, level of activity, performance or achievements to be materially different including environmental, permitting, legal, title, taxation, socio-political and marketing issues.
All dollar amounts in US$ unless otherwise specified
2
Who Are We?
 Most advanced modern gold mining company

in Colombia
– First mover advantage in Colombia:
operating for over 10 years
 Flagship Buriticá project is one of the largest TSX CNL
and highest grade gold projects in the world OTCQX CGOOF
– Will be Colombia’s largest gold mine Shares Outstanding3 118.6 Million
– Currently in construction Market Cap3 $384 Million
– Production of up to 300,000 oz/year1,2 Available Liquidity4 $153 Million
– First gold pour in H1 20201

 Colombian leader in best practices for mine
construction, environmental care and
community inclusion
3
Why Colombia?
 Most unexplored and prospective N
country in Latin America

 Strong pro-business, right-
leaning government in place
 All projects are 100% owned
 Total land package: 202,547 ha5
– Buriticá – 75,684 ha flagship project
4
5
Buriticá Project
Global Mineral Reserve Estimate10

 Reserves of 3.86Moz Grades Metal
@ 8.75 gold equivalent6 Tonnes Gold Silver Gold Silver
Category
(M) (g/t) (g/t) (Moz) (Moz)
 Global resource estimate7 Proven 0.68 21.1 60.0 0.46 1.3
of more than 9Moz Probable 13.04 7.8 22.5 3.25 9.4
@ 10.26 g/t gold equivalent6 Total P&P 13.72 8.4 24.3 3.71 10.7
Global Mineral Resource Estimate11

Grades Metal
Tonnes Gold Silver Gold Silver

 Production of up to 300,000 oz/year Category
Measured 0.89 19.0 55 0.54 1.58
 First gold pour in H1 20208 Indicated
Total M&I
12.00
12.89
10.2
10.8
32
34
3.94
4.48
12.4
13.98
 Lowest quartile AISC of less than Inferred 15.6 9.0 29 4.5 14.7
$600/oz gold Yaraguá Mine Production 2012-2017

Grades Metal
 Pre-production capital costs of Tonnes

Milled
Gold Head
Grade
Silver Head
Grade
Gold Silver
Ounces Ounces
(g/t) (g/t) Produced Produced
$475 - $515 million9 44,252 24.93 48.17 32,001 30,842
6
Buriticá Project: Topography & Infrastructure
HIGH-GRADE AND SIZE

EXCELLENT METALLURGY
GRAVITY ASSISTED
OPEN FOR GROWTH
Mineable Reserves
Modeled Veins Envelope
Includes Inferred Resources
7
Buriticá Project: Topography & Infrastructure
Paved road
High voltage power
Labour
Water
65km from Medellín
8
Project Status: Targeting First Gold Pour H1 2020
Project Status
 Major foundation pour
continues
 Approx. 5km of underground
development completed
Overall Detail Underground

Project Engineering Development12
38% 92% 34%
Commercial Production Metres Complete 4,934

Scheduled for 20201 Metres Remaining 9,374
9
WAREHOUSE AND
LAYDOWN FACILITY
CAMP SITE
LEACH TANK
CONCRETE
FOOTING POUR
SAG AND BALL MILL
FOUNDATION
Mine Plan Evolution
 2016 Feasibility Study mine plan

required 19,024 metres of pre-
production lateral development
 Current optimized mine plan requires
significantly less lateral development
(14,308 metres)
– Underground development: 34% complete
– Excellent productivity: 7% ahead of
schedule
 Based upon the success of trial mining

tests and drilling of Broad Mineralized
Zones (BMZ), next iteration of the mine
plan will incorporate larger stope
dimensions
14
Mechanized Long-Hole Trial Mining Tests in Yaraguá
First Trial Mining Test – May 3, 2016 Second Trial Mining Test – December 18, 2017
Stope Stope Production
Estimated Actual Increase Estimated Actual Increase
Production (combined)
Ounces gold 1,033 2,093 103% Ounces gold 862 1,285 49%
Ounces silver 1,620 2,733 69% Ounces silver 1,652 2,678 62%
Tonnes 2,022 2,090 3% Tonnes 3,649 4,627 27%
Grade g/t gold 15.9 31.1 96% Grade g/t gold 7.34 8.60 17%
Grade g/t silver 24.9 40.7 63% Grade g/t silver 14 18 26%
20 m
30 m
15 m
15 m
18.9 m
15
UNDERGROUND
DEVELOPMENT
Broad Mineralized Zone Targets
W E W E
Yaraguá
1 2
3
4
6 5 1
4
2 5
6
3
Veta Sur
 Broad Mineralized Zones (BMZ):

where master veins are intersected
Veta Sur Yaraguá by veins at other orientations and
different rock packages coalesce
 BMZ already proven to exist in
targets 1 and 5 while 2, 3, 4 and 6
are still untested
Mineable Reserves
Includes Inferred Resources
Broad Mineralized Zones
17
Yaraguá: Broad Mineralized Zone #1
18
Continental Gold Construction Team
Number of Direct
Luis Germán Meneses, MBA Colombian-Based Employees
Country Over 37 years of senior management experience. Former Executive
Manager Vice-President and COO of Cerrejón. Holds a degree in Systems
Engineering and a Master of Business Administration.
Chief Donald Gray, M.Sc., MBA

Operating
Officer
Over 30 years of project development, startup and operational experience
with strong focus on Latin America. Most recently led the development of
El Escobal mine in Guatemala.
926
98.6%
COLOMBIAN
Tim Barnett
Project Over 30 years of project construction and commissioning experience.
Manager Managed startup of the $400M plant at the Haile mine in South Carolina,
and Newmont’s Phoenix mill and SX/EQ facilities in Nevada.
Engineering & M3 Engineering & Technology Corp.

Extensive North and Latin American experience. Colombian 913
Procurement EPCM contractor for El Escobal mine. Expats 13
Direct Employees
from Antioquia 80%
Direct Employees from

Local Municipalities 52%
19
Strong and Supportive Strategic Investor Partners
 Newmont Mining paid  RK Mine Finance provided

$109 million at $275 million of debt at
C$4.00/share for a 19.9% attractive terms (12% IRR)
stake in the company  RK Mine Finance invested
$25 million at $4.00/share
20
Buriticá: 45,000 Metres of Drilling in H2 2018
Definition drilling (10,000 metres)

 Focusing on BMZs
Infill drilling (25,000 metres)
 Prep areas ahead of
definition drilling
 Infill areas where high-grade
gold intercepts occur
outside of current
43-101 resource estimate
Step-out and greenfields
drilling (10,000 metres)
 Extend Veta Sur vertically
 Laurel and Perseus
21
Gold Excluded from Mineral Resource Estimate
 Any intercepts that Gold (ppm)

Non Tags
N
Along Drill Holes

fell outside of the hard
boundary domains Yaraguá
were excluded from

the mineral resource Veta Sur
estimate
 If excluded intercepts
were included, there
would have been approx.
30% more gold in the
mineral resource
estimate (at a 2 g/t gold cut off)
22
Buriticá Project Drill Program: Step-Out Drilling
W E
Global Mineral Resource Estimate11

Grades Metal
Tonnes Gold Silver Gold Silver

Category
Measured 0.89 19.0 55 0.54 1.58
Indicated 12.00 10.2 32 3.94 12.4

Veta Sur Yaraguá
Total M&I 12.89 10.8 34 4.48 13.98
Inferred 15.6 9.0 29 4.5 14.7
Higabra Tunnel
2.60m @ 131.96 g/t gold,

21.9 g/t silver (BUSY374D05)
3.75m @ 51.39 g/t gold

35.0 g/t silver (BUUY349D02) Mineable Reserves
Continuation of Vein Systems Includes Inferred Resources
or Porphyry at Depth? Step-out Drilling Target
23
Greenfield Drilling H2 2018: 10,000 Metres
Laurel Target
 New discovery confirmed May 2, 2018;
remains open in all directions
 Soil geochemistry outlines significant size
target similar to Yaraguá
 Sparsely drilled over significant dimensions
measuring 1,285m strike X 1,250m
vertically
– 1.45m @ 84 g/t gold, 7 g/t silver (BUUY258)
– 3.5m @ 13.3 g/t gold, 181 g/t silver (BUSY342)
– 9.83m @ 16.1 g/t gold, 50 g/t silver (BUSY332)
– 3.58m @ 6.8 g/t gold, 1,061 g/t silver (BUSY292)
Perseus Target
 Robust soil geochemical anomaly
 Multiple veins mapped and sampled
 Measures 500m X 200m and open
24
Capital Structure (as of October 31, 2018)
Analyst Targets13
$9,00
Clarus Securities
Stock Price C$8.00 Jamie Spratt
$8,00 GMP Securities
C$7.60 Steve Butler
Final Environmental
$7,00 BMO Capital Markets
Permit Approved C$6.75 Brian Quast
TD Securities
$6,00 C$6.00 Daniel Earle
Newmont Mining invests
Eight Capital
$109 million @ C$4.00/share C$5.85 Craig Stanley
$5,00
Scotia Capital Inc.
C$5.00 Ovais Habib
$4,00
RBC Capital Markets
C$5.00 Dan Rollins
$3,00 CIBC World Markets
C$5.00 David Haughton
Global Mining Research
$2,00 C$5.00 David Cotterell
Red Kite Credit Facility C$2.28
$250 million October 31, 2018
$1,00
$0,00
15/Nov/16
29/Nov/16
13/Dec/16
29/Dec/16
10/Apr/17
25/Apr/17
9/May/17
18/Aug/17
18/Sep/17
17/Oct/17
31/Oct/17
14/Nov/17
28/Nov/17
12/Dec/17
28/Dec/17
10/Apr/18
24/Apr/18
8/May/18
20/Aug/18
18/Sep/18
17/Oct/18
31/Oct/18
13/Jan/17
27/Jan/17
21/Jun/17
12/Jan/18
26/Jan/18
9/Feb/18
21/Jun/18
1/Nov/16
24/May/17
6/Jul/17
2/Oct/17
23/May/18
6/Jul/18
2/Oct/18
13/Mar/17
27/Mar/17
3/Aug/17
1/Sep/17
12/Mar/18
26/Mar/18
3/Aug/18
4/Sep/18
10/Feb/17
27/Feb/17
7/Jun/17
20/Jul/17
26/Feb/18
7/Jun/18
20/Jul/18
Available Liquidity4 $153 Million Major  Newmont Mining
Shareholders  Van Eck Global
Shares Outstanding3 118.6 Million  Fidelity
Fully Diluted3 200.3 Million  Franklin Templeton
25
Near-Term Catalysts and Path to Production1
Major construction earthworks commence Q4 2017
First concrete pour April 2018
Begin steel installation Q4 2018
Assay results from 45,000 metres of definition, infill and greenfield drilling H2 2018
Mineral resource estimate update Q2 2019
Mine plan update Q2 2019
First Gold Pour H1 2020
26
Modern Mining ► Social License to Operate
27
AGRICULTURAL
DEVELOPMENT
PROGRAMS
JOINT TRAINING
INITIATIVES
Our People
Senior Management Board of Directors
Ari Sussman – Chief Executive Officer Leon Teicher – Chairman of the Board
 Over 20 years of experience in the mining industry  Former President and CEO of Cerrejón Coal Ltd., Colombia's largest
 Instrumental in sourcing, funding and developing mineral assets with a private coal producer and exporter owned by BHP Billiton, Glencore
strong focus on Latin America Xstrata and Anglo American (2006-2011)
 Raised over C$800 million since 2006 for various companies  Currently on the board of Cementos Argos, the fourth largest cement
producer in Latin America
Luis Germán Meneses – Country Manager
Dr. Kenneth Thomas, P.Eng – Lead Director
 Over 37 years of senior management experience
 President, Canadian Institute of Mining Metallurgy & Petroleum (CIM)
 Former Executive Vice-President and COO of Cerrejón
 Over 45 years of mining sector experience, including as former Senior
 Holds a degree in Systems Engineering and a Master of Business
Vice-President at Barrick Gold and Kinross
Administration (MBA)
 2001 Selwyn G. Blaylock Medal recipient for achievement in
Mateo Restrepo, MPA, BBA – President international mine design from CIM
 Former Vice-President of Corporate Affairs at Prodeco Group
Paul J. Murphy, B. Comm, CA – Director
(a Glencore subsidiary) and former Director of the Colombian Office of
Grupo Salinas – Banco Azteca of Mexico Martín Carrizosa – Director
 Former Advisor and Senior Counselor to the President of Colombia
James (Jim) Gallagher, P.Eng – Director
Donald Gray, M.Sc., MBA* – Chief Operating Officer
 Formerly Vice-President, Operations for Tahoe Resources Inc., where he led Stephen Gottesfeld – Director (Newmont Nominee)
the constructing, commissioning and operating of the flagship Escobal mine
Dr. Claudia Jiménez – Director
 Long-hole mining operational expertise in narrow veins at both La Camorra
mine in Venezuela and the Cerro Bayo mine in Chile Christopher Sattler, MBA – Director
Paul Begin, CA, MBA – Chief Financial Officer Ari Sussman – Director and Chief Executive Officer
 Chartered Accountant with over 15 years of experience
 Formerly CFO with Hanfeng Evergreen Inc., Trilliant Incorporated and OZZ
Corporation
David Reading MSc. Economic Geology* – Special Advisor to CEO

 Previously CEO of European Goldfields and General Manager of African
exploration for Randgold Resources
* NI 43-101 Qualified Person
30
APPENDIX
31
CNL: Relative Valuation Comparison
Preliminary
Market Mineral Mineral Gold Estimated All-In
Project
Company Capitalization Resources Reserves Grade g/t Production Sustaining
Financing
US$MM* (M&I+I 000 oz) (P+P 000 oz) (Mineable Reserves) (oz/year) Costs
in Place
Continental
$336 8,980 3,700 8.4 253,000 $492
Gold
Gold Road 135,000

$440 6,200 3,500 1.2 $690
Resources (50%)
MAG Silver 6.52 $351

$625 3,810 N/A (Au + Ag) 117,000
(Au:Ag 70:1) (resource estimate)
(PEA)
Lundin Gold $747 9,480 4,800 9.67 340,000 $583
Osisko Mining $552 2,885 0 6.7 218,000 $704

(PEA)
Gold Standard
$400 1,786 0 1.64 ? ?
Ventures
* As at October 25, 2018.

Source: Company Reports, SNL, Thomson ONE.
32
Veta Sur: Broad Mineralized Zone #5
33
Buriticá and Valley of the Kings Deposits at the Same Scale
Pretium Resources: Valley of the Kings Continental Gold: Buriticá
200m x 200m
reserve block
overlain on
Buriticá
Only blocks >5g/t displayed
34
Strategic Investments
 Newmont Mining’s $109M Strategic Investments >$75M Other*
strategic investment in Strategic Investment Size ($M)
Continental Gold amongst the C$787
largest made with one of the C$723
highest premiums paid C$600
 The majority of strategic

investments have been
relatively small
– Only 7 of 56 strategic US$109 /
investments >$75M since 2005 C$149
C$110
C$82 C$81
– Average size of C$17
C$17M for 49 strategic
Ivanhoe Ivanhoe Red Back Continental Arizona Fission Pretium Average of
investments <$75M Mining Mines Mining Gold Mining Resources 49 Others
Rio CITIC Newmont CGN Zijin

Investor Kinross South32 -
Tinto Metal Mining Mining Mining
Date 18-Oct-06 11-Jun-18 4-May-10 11-May-17 1-May-17 8-Dec-14 8-Dec-14 -
Pro Forma
19.9% 19.9% 9.4% 19.9% 15.0% 16.7% 9.9% 11.1%
Interest Acquired
Premium to Prior 26.7% 13.0% 2.2% 46.0% 29.6% 25.0% (5.3%) 10.3%
Source: Company Disclosure.

* Average of 49 strategic investments since 2005.
35
Buriticá: Post-Tax Economic Model*
P&P Reserves
13.72M tonnes @ 8.4 g/t gold and 24.3 g/t silver
3.71Moz gold and 10.7Moz silver
Mineral Recovery (LOM) 94.1% gold and 59.9% silver

Average Mine Production Rate (Gold) 2,100 tpd (years 1 and 2) and 3,000 tpd (by year 3)
Average Gold Production (14 years) 253,000 oz/year with 282,000 oz/year (1-5 years)
Pre-Production Capital Costs $475 - $515 million
LOM Sustaining Capital $272.5 million
Total Operating Cost $111.59 per tonne
All-In Sustaining Costs (AISC) $492/oz gold
Metal Pricing Assumptions $1,200/oz gold and $15/oz silver
$778 - $805 million Net Present Value (5% discount)

Economics (base case)** 25.1% - 27.0% Internal Rate of Return
2.7 - 2.9 Years Payback of Capital
* Initial capital costs in the Feasibility Study dated February 24, 2016 were $389.2 million, including contingency but excluding working capital. As at August 8, 2018, the Company revised
the total project costs estimate (including scope changes of $74 million) to be in the range of $475-$515 million (including contingency but excluding working capital). The revised project
costs estimate have been determined internally at an accuracy range of +/-10% and is subject to change. The Company does not currently envision any additional major scope changes
to the project infrastructure as detailed engineering is well advanced. For further details, please see the Company’s Q2 2018 MD&A and the technical report entitled “Buriticá Project
NI 43-101 Technical Report Feasibility Study Antioquia, Colombia” dated March 29, 2016 with an effective date of February 24, 2016 led by JDS Energy & Mining, Inc.
** Based on the same assumptions as are set forth in the Feasibility Study other than the pre-production capital costs.
36
Economic Study Benchmarking Tables: Underground Mines
Total Sustaining
Study Operating Capital per
Project Location Company TPD Mining Milling G&A
Year Costs per Processed
Tonne Tonne
Continental
Buriticá Colombia 2016 3,000 $57.21 $26.16 $28.22 $111.59 $19.86
Gold
Brucejack Northern BC Pretium 2014 2,700 $67.38 $14.20 $35.99 $117.56 $19.37
Hope Bay Nunavut TMAC 2015 2,500 $62.33 $23.52 $31.53 $117.38 $19.79
Fruta del
Ecuador Lundin Gold 2016 3,500 $60 $34 $15 $118 $18.96
Norta
Tahoe
Escobal Guatemala 2014 4,000 $38.35 $23.51 $15.51 $77.37 $9.75
Resources
Juanicipio Mexico MAG Silver 2014 2,400 $45.24 $19.76 $3.56 $68.56 $20.08
OPEX - Studies not completed in 2015 have been escalated by 3% per year to 2015 dollars.
Source: Company filings, street research. All figures in US$ per tonne.
37
Project Schedule
2017 2018 2019 2020

(Production)
Engineering
Procurement
Equipment Fabrication and Delivery
Mine Development
Site Earthworks
(Excavation and Concrete)
Plant Construction
Infrastructure
Offsite Facilities
First Gold Pour
Commercial Production
Preliminary mine plan and start date based on indicative timeline which is dependent on, among other things, continued exploration success,
environmental and board approvals, completing positive economic studies and the determination that the deposit is economically viable.
38
Estimated Annual Gold Production Commencing H2 2020
300.000
Average annual production rate
253,000 ounces
250.000
200.000
150.000
100.000
50.000
-
PP Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11 Yr 12 Yr 13 Yr 14
Gold Production in oz/yr
Source: 2016 Buriticá Technical Report, led by independent consultants JDS Energy & Mining, Inc.
39
Buriticá: Tonnes and Grade (>3 g/t gold) vs. Elevation
Approximate elevations of mineable reserves
18,00 2,7
16,00 2,4
14,00 2,1
Millions of tonnes in 50m vertical slice

12,00 1,8
Gold grade g/t
10,00 1,5
8,00 1,2
6,00 0,9
4,00 0,6
2,00 0,3
0,00 0,0
Elevation (m) 400 450 500 550 600 650 700 750 800 850 900 950 1000 1050 1100 1150 1200 1250 1300 1350 1400 1450 1500 1550 1600 1650 1700 1750 1800 1850
Gold (g/t) 24.20 20.26 11.44 15.84 16.97 17.30 16.34 17.78 19.26 19.70 19.56 17.84 20.22 23.06 22.17 19.59 18.75 17.50 17.30 17.95 20.63 20.17 18.74 20.48 23.10 32.64 21.17 18.65 13.74 11.71
Au Koz 14 30 43 87 105 142 144 164 200 208 195 183 261 365 440 501 558 655 710 647 627 577 520 510 454 451 149 55 8 5
M t/50 Vert m 0.05 0.13 0.20 0.32 0.38 0.49 0.53 0.56 0.64 0.67 0.64 0.61 0.81 1.04 1.38 1.71 1.94 2.32 2.49 2.20 1.85 1.70 1.59 1.50 1.28 0.84 0.39 0.16 0.03 0.02
Averages 11,692 oz of gold per vertical metre

Information from May 2015 mineral resource estimate included in the 2016 Buriticá Technical Report,
led by independent consultants JDS Energy & Mining, Inc.
40
Comparison of Estimated Cost of Debt*
Red Kite $275 million facility
16.5% 17.0%
Total Cost
12.0% 13.0%
Credit Facility Interest** 9.2%
Gold Production-Linked
1.7%
Payment
Warrants*** 0.3%
Arrangement Fee 0.8%
Total 12.0% Continental Gold TMAC Pretium

Asanko
Continental Gold TMAC Asanko Pretium

(Red Kite) (Sprott & MS) (Red Kite) (Orion & Blackstone)
Off-take X X
Stream / Royalty X X X
Hedging / Cash Sweeps X X X X
Acceleration of Warrants X X
39 Months
Repayment Grace 42 Months 24 Months 24 Months
(Lump-sum payment)
* Source: Company fillings, FactSet, BMO Capital Markets.

** Credit facility interest rate based on 8.00% + 1.00% (minimum LIBOR rate).
*** 3.0 million common share purchase warrants calculated using Black-Scholes at 40% volatility.
Note: For all analysis, warrants valued at 40% volatility and gold calls valued at 15% volatility, as applicable.
41
Red Kite Senior Secured Credit Facility - US$275 million*
Debt Summary Estimated Cost of Debt

 Senior secured credit facility for up to $250 million
 7.25-year facility at LIBOR + 8.00% (minimum LIBOR rate of 1%) Total Cost
– Principal to be repaid in 16 quarterly repayments, with repayments Credit Facility Interest** 9.2%
commencing on the 42nd calendar month after the first drawdown
– Repayment schedule: 4% in first quarter, 5% second quarter, 10% next Gold Production-Linked
1.7%
three quarters, 5% next eight quarters, and 7% in final three quarters Payment
– Interest to be added to the principal amount of the facility until the Warrants*** 0.3%
first quarterly repayment
 First drawdown must be made within two months of closing, Arrangement Fee 0.8%
with minimum drawdowns of $25 million
Total 12.0%
– Facility available prior to additional funding: up to $100 million
– Facility available following securing an additional $100 million of subordinated
funding (excluding Red Kite’s equity contribution): up to $100 million
– Facility available following Partial Completion Test (65% completion): up to $50 million
 Up-front fees / additional costs include:
– Arrangement fee: 3.0%
– Gold production-linked payment agreement: Continental to pay Red Kite $20/oz gold produced by the Project during the term
of the agreement
 Payment due on the first 1.25 million ounces produced by the Project and pro-rated depending on proportion of Facility drawn
– Warrants: 3,000,000 warrants
 4-year term, strike price at C$4.93/US$3.67 per share
 Warrants can be accelerated if share price is double the strike price for 40 consecutive trading days
 Prepayment penalties (5% in first two years; 2.5% in the third through fifth years; zero thereafter)
 Red Kite will subscribe for up to $25 million of equity
 In lieu of equipment lease financing, Red Kite provided an additional $25 million option on similar terms
* Source: Company fillings, FactSet, BMO Capital Markets.

** Credit facility interest rate based on 8.00% + 1.00% (minimum LIBOR rate).
*** 3.0 million common share purchase warrants calculated using Black-Scholes at 40% volatility.
Note: For all analysis, warrants valued at 40% volatility and gold calls valued at 15% volatility, as applicable.
42
Underground Production Profile: Life of Mine
Total Tonnes
by Mining Method
Test Stope
16.4% Longhole
Cut & Fill
2.2 MT Cut & Fill
1.6% Shrinkage
Shrinkage
0.2 MT
82% W E
Longhole
11.3 MT
Production (Tonnes per Day)

Tonnes per Stope per Day % of Production 2,100 3,000
Longhole (Including Development) 157 82.0% 11 16
Cut & Fill 65 16.4% 5 7
Shrinkage 54 1.6% 1 1
Backfill 6 7
Total 23 31
43
Berlin: Overview
 59,310 ha,
100%-owned*
– 22,893 ha registered
– 36,417 ha pending
registration
 Located 90 km
NNE of Medellín
in the Department Intersection of Two
Mineralized Trends?
of Antioquia Dotted line,
intersecting
 Large-scale trends. Fill
mesothermal this area
gold vein system with white
 11 km of
mineralized
strike to test
* As at June 30, 2018.
44
Berlin: History
 Berlin Mine operated 1930 – 1946

 Produced between 400,000 and 700,000 oz gold
 Production from 20m thick lens
 Production grade @ 16 g/t gold
 Historical gold recoveries of 94%
Berlin mining operation circa 1942

(photo and left image source: “A Lode Gold Mine in Colombia”,
Engineering & Mining Journal, April 1942)
45
Berlin: Geochemistry
Rosario
N
1km
Berlin vein with abundant stringers of host black schist
Berlin
Approximately 5 metres
El
Troncal
Gold Assay Tonalite
Sample Type
Results (g/t) Gneiss Stream Sample
>30 Carbonaceous Pelites Rock Sample
10−30 Non Carbonaceous Pelites Soil Sample
5−10
Quartz sericitic schists
3−5
1−3 Vein
0.5−1 Fault
<0.5 License
46
Berlin: Large-scale Veins Longitudinal Section
Historical prospects, soil and rock chip gold:

11+ kilometres of strike length, 1,500 vertical metres
Metres
Mined ore bodies
413,000 ounces of gold production
Berlin Mine
La Lluvia Mine
El Rosario Mine
El Pescaito
N
S
LEGEND
Historical mine levels
Historical mined-out areas
+10 g/t gold mineralization
47
Berlin: Historical Sampling Results
48
Technical Information and Footnotes
Slide 1 Preliminary mine plan and start date based on indicative timeline which is dependent on, among other things, continued exploration success, environmental and board
3, 9, 25, 26 approvals, completing positive economic studies and the determination that the deposit is economically viable.
2 Source: 2016 Buriticá Technical Report, led by independent consultants JDS Energy & Mining, Inc.
3 As of September 30, 2018.
4 As of September 30, 2018. Available liquidity includes cash, cash equivalents and undrawn portion of the credit facility.
Slide 4 5 As at September 30, 2018.
Slide 6, 23 6 Gold equivalent calculated at 70:1 Au/Ag

7 Combined M&I and Inferred
8 Preliminary mine plan and start date based on indicative timeline which is dependent on, among other things, continued exploration success, environmental and board
approvals, completing positive economic studies and the determination that the deposit is economically viable.
9 Initial capital costs in the Feasibility Study dated February 24, 2016 were $389.2 million, including contingency but excluding working capital. As at August 8, 2018, the
Company revised the total project costs estimate (including scope changes of $74 million) to be in the range of $475-$515 million (including contingency but excluding
working capital). The revised project costs estimate have been determined internally at an accuracy range of +/-10% and is subject to change. The Company does not
currently envision any additional major scope changes to the project infrastructure as detailed engineering is well advanced. For further details, please see the
Company’s Q2 2018 MD&A and the technical report entitled “Buriticá Project NI 43-101 Technical Report Feasibility Study Antioquia, Colombia” dated March 29, 2016
with an effective date of February 24, 2016 led by JDS Energy & Mining, Inc.
10 Based on cut-off grades of 3.8 g/t for Yaraguá and 4.0 g/t for Veta Sur, $950 per ounce gold price, and US$/COP exchange rate of 2,850.
Minor variations may occur during the addition of rounded numbers. M in Figures and Tables represents millions.
11 3 g/t gold cut-off as at May 11, 2015. Reported tonnage and grade figures have been rounded from raw estimates to reflect the order of accuracy of the estimate. There
have been no assumptions made as to metal prices or recoveries in this mineral resource estimate. Minor variations may occur during the addition of rounded numbers.
M in Figures and Tables represents millions.
Slide 9 12 As of August 31, 2018.
Slide 15 Source: Company press releases dated May 3, 2016 and December 18, 2017.
Slide 18 Source: Company press releases dated September 18, 2017, January 31, 2018 and October 1, 2018.
Slide 19 As of October 31, 2018.
Slide 25 13 Continental Gold is followed by the research analysts listed. Note that any opinions, estimates or forecasts regarding Continental Gold made by these analysts are theirs
alone and do not represent opinions, forecasts or predictions of Continental Gold or its management. Continental Gold does not imply endorsement of, or concurrence
with, such information or conclusions.
49
Investor Relations
+1-416-583-5611
+1-877-273-8228 (Toll-Free)
info@continentalgold.com
November 11, 2018 www.continentalgold.com


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COLOMBIA GOLD

All dollar amounts in US$ unless otherwise specified

 Most advanced modern gold mining company

– Currently in construction Market Cap3 $384 Million

– Production of up to 300,000 oz/year1,2 Available Liquidity4 $153 Million

– First gold pour in H1 20201

 Most unexplored and prospective N

country in Latin America

Global Mineral Reserve Estimate10

 Global resource estimate7 Proven 0.68 21.1 60.0 0.46 1.3

of more than 9Moz Probable 13.04 7.8 22.5 3.25 9.4

Global Mineral Resource Estimate11

Tonnes Gold Silver Gold Silver

Measured 0.89 19.0 55 0.54 1.58

 First gold pour in H1 20208 Indicated

$600/oz gold Yaraguá Mine Production 2012-2017

 Pre-production capital costs of Tonnes

HIGH-GRADE AND SIZE

Overall Detail Underground

38% 92% 34%

Commercial Production Metres Complete 4,934

 2016 Feasibility Study mine plan

 Based upon the success of trial mining

 Broad Mineralized Zones (BMZ):

Broad Mineralized Zones

Chief Donald Gray, M.Sc., MBA

Engineering & M3 Engineering & Technology Corp.

Direct Employees from

 Newmont Mining paid  RK Mine Finance provided

Definition drilling (10,000 metres)

 Any intercepts that Gold (ppm)

Along Drill Holes

were excluded from

Global Mineral Resource Estimate11

Tonnes Gold Silver Gold Silver

Measured 0.89 19.0 55 0.54 1.58

Indicated 12.00 10.2 32 3.94 12.4

Inferred 15.6 9.0 29 4.5 14.7

2.60m @ 131.96 g/t gold,

3.75m @ 51.39 g/t gold

or Porphyry at Depth? Step-out Drilling Target

Major construction earthworks commence Q4 2017

First concrete pour April 2018

Begin steel installation Q4 2018

Mineral resource estimate update Q2 2019

Mine plan update Q2 2019

First Gold Pour H1 2020

David Reading MSc. Economic Geology* – Special Advisor to CEO

* NI 43-101 Qualified Person

Gold Road 135,000

MAG Silver 6.52 $351

Lundin Gold $747 9,480 4,800 9.67 340,000 $583

Osisko Mining $552 2,885 0 6.7 218,000 $704

* As at October 25, 2018.

Pretium Resources: Valley of the Kings Continental Gold: Buriticá

Only blocks >5g/t displayed

 Newmont Mining’s $109M Strategic Investments >$75M Other*

strategic investment in Strategic Investment Size ($M)

Continental Gold amongst the C$787

largest made with one of the C$723

highest premiums paid C$600

 The majority of strategic

Rio CITIC Newmont CGN Zijin