D I S C L A I M E R Cautionary Note Regarding Forward-looking Information This presentation contains "forward-looking statements" and forward looking information (as defined under applicable securities laws). Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "expect", believe, may, plan, project, should, scheduled, intend, objective, continuous, and estimate, or similar words suggesting future events, circumstances or outcomes. In particular, this presentation contains forward-looking information concerning anticipated production, expected AISC of a combined Brio-Leagold entity, growth upside, potential for expansion in Brazil and Mexico, various terms of the transaction, anticipated timing of mailing the take-over bid circular, expectations with respect to the benefits of a combination of the businesses of Leagold and Brio and expectations with respect to the business and geographical diversification of the combined entity. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those expressed in the forward-looking statements and information. They include, among others, the accuracy of mineral reserve and resource estimates and related assumptions, inherent operating risks, risks related to successful integration of Brio if the combination is consummated, risks related to international operations, the failure to obtain regulatory or other approvals in connection with the proposed business combination and those risk factors identified in Leagolds most recent Annual Information Form prepared and filed with securities regulators which is available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com under Leagolds profile. There are no assurances that Leagold can fulfill forward-looking statements and information. Such forward-looking statements and information are only predictions based on current information available to Leagolds management team; actual events or results may differ materially as a result of risks facing Leagold, some of which are beyond Leagolds control. Although Leagold believes that any forward-looking statements and information contained in this presentation are based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information. The forward-looking statements and forward-looking information are made as of the date hereof and Leagold disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Please refer to Leagold's most recent filings under its profile on SEDAR at www.sedar.com for further information respecting the risks affecting Leagold and its business. Cautionary Note Regarding Brio The information concerning Brio Gold Inc. (Brio) contained in this presentation has been taken from, or is based upon, publicly available information filed by Brio with securities regulatory authorities in Canada or otherwise available in the public domain as of the date hereof and none of this information has been independently verified by Leagold. Although Leagold does not have any knowledge that such information may not be accurate, there can be no assurance that such information from Brio Gold is complete or accurate. Brio has not reviewed this presentation and has not confirmed the accuracy and completeness of the Brio information contained herein. Cautionary Statement Respecting the Proposed Offer LEAGOLD HAS NOT YET COMMENCED THE OFFER (THE OFFER) TO ACQUIRE ALL OF THE ISSUED AND OUTSTANDING COMMON SHARES OF BRIO. UPON COMMENCEMENT OF THE OFFER, LEAGOLD WILL DELIVER THE TAKEOVER BID CIRCULAR TO HOLDERS OF BRIO SHARES IN ACCORDANCE WITH APPLICABLE CANADIAN SECURITIES LAWS AND W ILL FILE A TAKEOVER BID CIRCULAR WITH THE SECURITIES COMMISSIONS IN EACH OF THE PROVINCES AND TERRITORIES OF CANADA AND WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (SEC). THE TAKE-OVER BID CIRCULAR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE OFFER AND SHOULD BE READ IN ITS ENTIRETY BY BRIO SHAREHOLDERS. AFTER THE OFFER IS COMMENCED, BRIO SHAREHOLDERS WILL BE ABLE TO OBTAIN, AT NO CHARGE, A COPY OF THE TAKEOVER BID CIRCULAR AND VARIOUS ASSOCIATED DOCUMENTS UNDER BRIOS PROFILE ON SEDAR AT WWW.SEDAR.COM AND ON THE SECS WEBISTE AT WWW.SEC.GOV . THIS PRESENTATION IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO PURCHASE, OTHERWISE ACQUIRE, SUBSCRIBE FOR, SELL, OTHERWISE DISPOSE OF OR ISSUE, OR ANY OTHER SOLICITATION OF ANY OFFER TO SELL, OTHERWISE DISPOSE OF, ISSUE, PURCHASE, OTHERWISE ACQUIRE OR SUBSCRIBE FOR ANY SECURITY. THE OFFER WILL NOT BE MADE IN, NOR WILL DEPOSITS OF SECURITIES BE ACCEPTED FROM A PERSON IN, ANY JURISDICTION IN WHICH THE MAKING OR ACCEPTANCE THEREOF WOULD NOT BE IN COMPLIANCE WITH THE LAWS OF SUCH JURISDICTION. HOWEVER, LEAGOLD MAY, IN ITS SOLE DISCRETION, TAKE SUCH ACTION AS IT DEEMS NECESSARY TO EXTEND THE OFFER IN ANY SUCH JURISDICTION. Other Information AISC is a non-GAAP financial performance measure with no standard meaning under IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. All amounts in US$ unless otherwise stated. Technical Information The scientific and technical disclosure contained in this presentation related to the Los Filos mine is based on the technical report entitled Amended NI 43-101 Technical Report and Preliminary Economic Assessment, Los Filos Gold Mine, Guerrero State, Mexico having an effective date of December 31, 2016 and filed on Leagolds SEDAR profile on March 1, 2017. The authors of the Technical Report, William A. Glover, P.Eng., Allan L. Schappert, CPG, and Dawn H. Garcia, PG, CPG of Stantec Consulting International LLC, and Alfred S. Hayden, P.Eng. of EHA Engineering Ltd., are each a qualified person as defined in NI 43-101 and independent of the Company. Doug Reddy, P.Geo, Leagolds Senior Vice President Technical Services, a Qualified Person under NI 43-101, has reviewed and approved the scientific and technical disclosure relating to the Los Filos Mine contained herein. 1