Pasofino Gold Limited

Pasofino Gold Ltd. is a Canadian-based mineral exploration company listed on the TSX-V (VEIN), OTCQB (EFRGF), and FSE (N07A).

Through its wholly-owned subsidiary, ARX Resources Limited, Pasofino ownes 100% (prior to the issuance of the Government of Liberia's 10% carried interest) of the Dugbe Gold Project.

More information is available at www.pasofinogold.com

Management Profile

Ian Stalker, Strategic Advisor

Mr. Stalker is a senior international mining executive with over forty-five years of ""hands on"" experience in resource development, mine construction and operations in Europe, Africa, South America, and Australia. Ian has been responsible for managing development of over twelve major mining projects from initial exploration drilling to start-up, including numerous mining projects in Africa -Trekkopje, Siguiri, Geita, Bibiani and Obuasi open pit. Ian is also a director of K92 Mining Ltd and is the former CEO of various mining companies listed on the TSX and AIM.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Greater awareness of Liberia as an investment destination and more knowledge in the public domain that Pasofino owns 100% of the Dugbe Gold Projec t- with a Project NPV circa $800mm in today’s world

6 Months:

Results from a reinvigorated exploration campaign at Dugbe where potential high grades at Bukon Jeddah could be a real game changer!! Potential to deliver higher metallurgical recoveries for the project resulting in better all round economics.

12 Months:

Construction funding and decision

What do you think makes your company such a compelling investment?

12 Months:

• 100% ownership interest in the Dugbe Gold Project
• 2.3 Moz gold production over 14 years from open pits with low strip ratio
• Tenure secured. Mineral Development Agreement gives 25-year mining right.
• Advanced project – Feasibility Study completed June 2022 by DRA Projects
• Solid economics: NPV5% of 690M, 26.4% IRR (pre-tax)
• Resource upside. Potential to add multiple Moz deposits within 10 km radius of existing deposits. Drill retargets with gold in outcrop.
• Undervalued. Enterprise value of US$4.5 per oz gold in Measured and Indicated Resources
• Further gains to the FS economics expected from resource, reserves, power, processing, trucking