BMI BBGM PRESENTATION UPDATED

. . INVESTMBNT OPPORTUNITIES IN THE SECTOR. Department of Environment and Natural Resources.

. . Prese t tion Outline 1. Situatio i the Mining Industry 2. Philippine Wfineralgotenti 3. Investmen ppo unities 4. M ning Incentiv 5. Recent eve opments.

. . 0+MENT4&O. . MINERAL POTENTIAL MAP OF THE PHILIPPINES ecu (62).

. . Mining-Pei hts Granted There are cu en y 471,510.75 hectares of land covered y approved mining tenements, nam ly: 209 Minergl geements (M SAs) 13 xplo üPermits (EPs 2 in cial_pr'echnical Assis ce geements (FTMs) 310 Mining Lease Contracts/Patents.

. . Department of Environment and Natural Resources.

. . Department of Environment and Natural Resources.

. . Department of Environment and Natural Resources.

. . Department of Environment and Natural Resources.

. . Department of Environment and Natural Resources.

. . Economic Potential 23 Potential Medium 617%aäälliG Mining Projects: US$ 90.8 B - ros alueoflmown mineral deposits IJS$ 6. B Foreißl direct investments ual sales/foreigl exZhü1ge US$ 3.4 u excise tax on mmerals - AnnuaLco ate income tax - Addiüonal direct and indirect employment 200,000.

. . Department of Environment and Natural Resources.

. . Gold Market Quarter 3 Quarter 3 consists of July through September. As the US geared up for the presidential election, the economy paid close attention to the Federal Reserve's and European Central Bank's respective balance sheets. By Quarter 3, the sheets expanded to about $14.03 trillion, which flowed into equities. This benefited the 2020 gold market as another commodity. Gold first broke through $1,850, then $1,900 within two days in July. Also, the silver price grew from $20 on July 20 and extended through $23 per oz. Silver maintained prices above $22 per oz since then. What fueled this gain at this important time was the weakening US Dollar from Federal Reserve spending and printing. COVID-19 cases began to rise again, and unemployment rates continued their rising streak, week by week. Unemployment benefits also expired and began to dwindle: it was more than $900 a week from late March through the end Of July. Then, it fell to about $300 a week in August. This majorly contributed to the rising poverty rate we are only just now seeing in Quarter 4. In short, the biggest factors that weighed on the 2020 gold market at this time included: Rising COVID cases Continued rise of unemployment Weakening USD, especially because of inflation Oil supply increasing with diminished demand Escalating tensions between the US and China Lack of stimulus and decline of unemployment benefits Bandoro Mining.

. . Department of Environment and Natural Resources.

. . Department of Environment and Natural Resources.

. . Bandoro Mining Inc. CORPORATE SOCIAL RESPONSIBILITY For mining companies, such as BVII, CSR is the manifestation of a move towards greater sustainability in the industry, i.e. the practical implernentation Of the goals Of sustainability and practice Of "responsible mining". CSR is a means by which BMI can frame its attitudes and strategies towards, and relationships with, stakeholders, be they investors, employees, or as is a salient here, indigenous cornmunities, within a popular and acceptable concept. At BMI, we feel that progress within the three dimensions Of sustainable developrnent (econornic, environmental and social) could be achieved through: — investrnent Of generated revenues to ensure the Econornic Developrnent future development ang long term livelihood Of the communities; Environrnental Protection — Minirnizing the environrnental irnpact Of natural resource exploitation and land rehabilitated to allov•v successive use Social Cohesion — Reducing the social and cultural disruption to cornmunities, tnaintenance of stakeholder dialogue and transparency of operations. BPvII is not "all" business as far as the industry is concerned. BPv11 will also endeavor to irnplernent its own CSR plans and projects in order to help sustain the ICC within the periphery Of the rnine site. These CSR projects will be focused on cornrnunity initiatives because the econornic, social and environrnental irnpact of the operations is basically felt greatest at the local level. In the long run, BA•II will concentrate its CSR interventions in the areas Of education, health and alternative livelihood and other incorne generating activities. BPv11 earrnark about PhP20 A•lillion for its CSR projects and other cornrnunity relations initiatives. Per the latest consultations betw.•een officials and BK77, the following are the projects which both groups will conduct and study for realization as soon as funding is defin ite..

. . . Project Description Fawang Jaya Irrigation Pikaw to Balatoc Pathway Balatoc Aligang Pathway Barangay Hall Balatoc Medical Mission Fora and Tumawad 7 Water System Motorpool Bridge Scholarship Program Livelihood Programs Fassa-aw Irrigation System TOTAL Budget for Tribe 500,000.00 2,000,000.00 Target Date 2022 Within 2021 Within 2022 Within 2021 Within 2021 2022 2023 Within 2021 Within 2021 2022.

. . . Crypto Currency Fund Conceptual Scheme The cryptocurrency fund raising activity will be done through a Token Generation Event (TGE). Gold coins/ tokens securitized by the mined and minted gold and held in safety by a local bank shall be sold and traded to prospective holders. The amount to be tokenized shall amount to a total Of 50,000,000 USD and the proceeds will be used to finance development and operations Of the BMI gold mine. C) Tokenization and Digital Gold Mine Following the assignment of mining rights 492 hectares of the gold mining tenement by BMI as security asset to gold coin/ token issuances, the next step will be the tokenization process. BMI will enter into a Service Agreement with GOLDEN CIRCLE TECHNOLOGIES LTD. will act as the Cryptocurrency Issuer in this project. In order to legally engage in tokenization, BMI Offshore will apply for an OBFTSL offshore license with FAB for STO/ ICO. It will also enter into a Master Service Agreement with Impero for the development Of and the use of Impero's blockchain platform. With the platform and offshore license in place, BMI Offshore can then engage in Cryptocurrency Fund Acquisition through Impero's system with the target Of raising USD and issue fully securitized Gold Coin/ Token to token holders/ subscribers through smart contracts. Said Gold Coin/ Tokens will be bought and sold in a Token Generation Event (TGE)..

. . Gold Supply Trend: Crowing Recycling Rate. Gold Supply Trend: Crowing Recycling Rate.

. . . . Global Gold Recycling Market. Global Gold Recycling Market.

. . 90 80 70 60 50 40 30 20 10 $33.8 Stainless 79.7 Gold.

. . Au COMEX (Price) U SD,'troy oz 10 1800 1600 1400 1200 1000 Last: 164600 USD oct 19, 11 present Gold 1950 185B 175B 1650 155B 145B 1350 1250 115B 105B 950 850 75B 650 550 35B 250 Lonc 75.

. . Keung. . . . Pro ile p (Batong'Buhay. .

. . The INDIGENOUS CULTURA OMMUNITY (ICC) belonging to the Balato Sub-Tribe ot Kalinga, whose ancestral domain Covers the area occupied by the former BATONG BUHAY GOLD MINES, INC., (BBGMI), through their drily recognized indigenous Peoples Organization the BALATOC KALINGA TRIBE INCORPORATED (B Tl) and the BALATOC TRIBE EXPLORATION A D MINING CORPORATIONÄEMC), in accordance with the customs Of their respective confirmed'by the NATIONA ON INDIGENOUS" PEOPLE (NCIP), seeks¯to develop, and improve*the small-scale area of the Batong Buhay Mines-through an exclusive operator the AMJ Small-Scale Mining and Gold Buying Enterprise (or simply AMJ) with whom Bandoro Mining Incorporated (BMI) has a Joint Venture Agreement..

. . (Historical Milestone) 1932 — Discovery oft v Y Captai ickson of Benguet Mining Corp. 1934 — Batong Buhay Go d Mines started mining operations. 1940' s - Commencement of milling operation was stopped shortly before the putbreak of World War II. At t •me operation stoppe ore reserve (Dickæsg— Vein) was estimated a'.A7 ,040 tonS-at-13v1¯Épt (gram per ton Au by the operators of he mine. 1959 — The mine was re-o ened a Ing operation resumed the-fouvin -yea owever, operation was short- lived as low gold prices allegedly forced the closure of the mine in 1960..

. . 1969-1971 — Conduct of exploratory diamond drilling by Nippon Mining Companysyhich led to the delineation of r—minerafization in the area Malinao porphyry-typ ICO adjacent to Batong Buha s gold mine. The deposit was estimated to contain some 48 million tons of reserves averaging 0.600% Cu. After Nippon's completion of a feasibility study, it turned over the property to Batong Buhay which attempted to develop the copper deposit using underground mining me hod but failed. The prop y was eventually foye+sed by its ational Bank and Develo men B n 1974 - Bureau-pf Mine he Philippines) on the Evaluation of the Copper-Gold¯Project of Batong Buhay Gold Mines, Inc. by Senior Mining Engineer Horacio C. Ramos & Senior Mining Engineer Elmer M. Gapay..

. . 1981 — Philex Mining Corporation was awarded by the Asset Privatization Trust (APT) h ntract to develop the (300m x a 10,000 MT/day ratea 'cafÅRhy processirig plant for copper concentrate. 1983 — Philex milling operation commenced with a reported production of 9,000 "T/<ay at an average grade of 0.9% Cu and 1.3 gpt (gram per ton) Ad and producing 350 MT/day of copper concentrate and 119 ounces of gold in spite of problemQ)rought about by unstable po itical ondition in the area at that time. (R.B. the Mine._Enginæg and Dra Control Basa — Manag Department.nd Juv Sucilan-—æmine geology mapper 1985 — The operation of Batong Buhay nder APT soon stopped mainly due tp—con arassment and sabotage operations staged by-communist insurgents. The mine was finally shut down in 1985 due to the continuous threat from the insurgents. The Asset Privatization Trust (APT) turned over the custody of the mine property under the management Philippine.

. . 2006 — The BKTI (Balatoc Kalinga Tribe Inc.) was established together with its mining the BTEMC (Balatoc Tribe Exploration and Mining rp.) ch-seek exercise its priority rights over the mine sit s under the Indigeno s People Rights Act (IPRA) Law and negotiated w th the government through PMDC. 2009 — Benguet Corp rati n entered into a MOA with the Balatoc Kalinga Tribe Inc. (BKTI) and Balatoc Tribe Exploration and Mining Corp. (BTEMC); how ver titis contract failed to pro nd was eventually rescinded. 2010 — PMDC wlw forged a Joint Operating Agreement (JOA) with Balatok Kalinga Tribe Inc. and Bala be Exploration and Mining Cbrp., ate e a JOA with Carrascal Nickel Corporation (CNC)¯for the operation and development of the large- scale copper porphyry and has designated AMJ Small Scale Mining and Gold Buying for the gold area..

. . Claim Are 92"hectåre Mineral. Go , Copper, and Si ver Copper: Proven reserve f 87 .tons for porphyry copper with a grade of 0.599 that has pote tial xpansion to +300M. Gold: Positive reserve of 48 ,OOO MT for epithermal vein-type gold deposit with a grade of 13.1 gr/MT covering only 20% of small scale area. ESTIMATED CURRENT VALUE: US $ 323M ossible reserve of 43 Metric Tons f Gold ESTIMATED-V E: US 7.88 B Grade : Co per : Gold : Silver NIPPON 0.5990/ .25 gr/MT 2.70 gr/MT ACTUA PHILEX 1.09% per ton 1.10 gr/MT; 10.628 gr/MT 9.269 g/MT.

. . From 1981 to 1983, hl e orporation started and completed mine and mil dev opment and nstruction and from 1984 to 1985, milling o eratron was undertak n with the following production history: YEAR 1940 1984 1985 Tons Milled 71,856 828,478 664,47 Grl T Au 13.1 gr/MT 10. 28 gr/MT 0.14 gr/M Yocu 1.1 00 .060/0 Currently, the mine site is operatin 0/0 RECOVERY o 81.8 83.50 PD (tons per day) of ore and grams of gold per ton per day. With additional funding, the mine site can mine and mill about 150-200 TPD gold ore and increase production to about 2,800 grams of gold per ton per day or as may be required based on demand..

. . P arcol 1 2.004.0042 337.89S8 h" ar. Bandoro Mining Inc..

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. . Site Pre-Operating Expenses: Land & Facilities Development Road Improvement Building Improvement & Office Construction Mine Rehabilitation Confirmatory Drilling Overhead Expenses (Mine Site & Head Office) Permits & Licenses Large Scale (MPSA) Pre-Operating Supplies Social Amelioration Miscellaneous & Contingency Capital Cost: Vehicles, Tractors, Truck, Chopper, Etc. Machineries & Equipment Office Equipments & Furnishings GRAND TOTAL SUB-TOTAL SUB-TOTAL In IJS$ 2,558, 140.00 2,558, 140.00 465,1 16.00 697,674.00 581 ,395.oo 1 16,279.00 93,023.00 69,767.00 465,1 16.00 69,767.00 l, 1 62,791.00 l, 1 62,791.00 46,512.00 2, 1 19,535.00 10,046,512.00.

. . Year 1 Year 2 Year 3. Gold price per troy ounce USD $1,500.00 $1,600.00 $1,700.00.

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. . Building Improvement & Office onstruction Bandoro Mining Inc..

. . JUOUlOAOJdUll. . . .