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Legal

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no incorporation by reference

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

INFORMATION REGARDING HISTORICAL RESOURCES

All scientific and technical information relating to the Pony Creek gold project is based on and derived from the Technical Report entitled “Technical Report on the Pony Creek Gold Project, Elko County, Nevada, USA” dated October 22, 2018 (Effective Date: October 16, 2018). The information contained herein, relating to the Pony Creek gold project, is subject to all of the assumptions, qualifications and procedures set out in the Technical Report and reference should be made to the full details of the Technical Report which may be obtained from Contact Gold’s issuer profile on SEDAR at www.sedar.com.

Disclosure of the historical estimate on the Pony Creek gold project contained on this website is derived from the Technical Report and has been judged to be relevant and therefore suitable for disclosure, however should not be relied upon. There are numerous uncertainties inherent in the historical estimate, which is subject to all of the assumptions, parameters and methods used to prepare such historical estimate and reference is made to the full text of the Technical Report with respect thereto. The historical estimate does not comply with or fulfill the CIM Definition Standards on Mineral Resources and Mineral Reserved adopted by the Canadian Institute of Mining, Metallurgy and Petroleum and may vary significantly from actual amounts, grade and quality of minerals recovered from the property. There are no other recent estimates or data available to Contact Gold and a detailed exploration program is required to be conducted by Contact Gold in order to verify or treat the historical estimate as a current mineral resource. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves. Contact Gold is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

CAUTIONARY NOTE FOR U.S. INVESTORS REGARDING RESERVE AND RESOURCE ESTIMATES