The Relief Canyon Mine

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Alexina Lang
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1 The Relief Canyon Mine A Shovel-Ready Project in Pershing County, Nevada Presented to: Pershing County Commissioners March 19,

2 Forward-looking Statements Cautionary Note Regarding Forward Looking Statements: Statements made regarding matters which are not historical facts, such as the Company s strategy to create shareholder value, its plans to expand and upgrade the Relief Canyon resource, fast-track Relief Canyon to production and cash flow and explore and acquire additional properties; the Company s risk profile and Company valuation and interpretations and estimates of resources and geologic potential are forward looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of Forward looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated, or implied including delays in plant recommissioning, operating problems or accidents, permitting problems or delays; metals price volatility, lower metals prices than anticipated and their impact on the achievement of cash flow; operating, exploration and development risks and results; changes in interpretation of geologic information; world economic and capital markets conditions; inability to raise sufficient external financing and other risks identified in our most recent Annual Report on Form 10-K and other SEC filings. Cautionary Note to United States Investors Regarding Estimates of Measured, Indicated and Inferred Resources: We use certain terms in this presentation, such as measured, indicated and inferred resources, that are defined in Canadian National Instrument ; however these terms are not recognized under the U.S. SEC Industry Guide 7. US investors are cautioned not to assume that any or all of measured, indicated or inferred resources are economically or legally mineable or that these resources will ever be converted into reserves. Inferred mineral resources have a high degree of uncertainty as to their existence and it cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. U.S. investors are urged to consider closely the disclosure in our Form 10-K and other SEC filings. You can review and obtain copies of these filings from the SEC s website at 2

3 Pershing Gold s Relief Canyon Mine is Situated in a Known Gold and Silver Trend 3

4 Relief Canyon: A Shovel-Ready Project Poised to Resume Operations Discussions underway with BLM to resume mining under existing Plan of Operations Start mining within footprint of existing open-pits Process ore on leach pads authorized in 2008 Use refurbished, state-of-the-art plant Would require an increase in the bond Mining and mineral processing could start once BLM authorizes resuming operations Mine expansion planned for 2015 Will require permit amendments 4

5 Relief Canyon Mine and Fully Permitted and Constructed Processing Site 5

6 Relief Canyon Open Pits 6

with 21 million ton capacity Ideally situated to process future

7 Permitted Processing Facility State of the art heap leach facility Capacity to treat eight million tons per year Permitted leach pad with 21 million ton capacity Ideally situated to process future discoveries from satellite deposits We have the permits we need to run this plant 7

8 Relief Canyon: a Story of Arrested Development from 1993 to : Lacana and Pegasus conducted mining, heap leaching, and rinsing Produced 131,000 ounces Au and 111,000 ounces Ag : J.D. Welsh rinsing and reclamation : Newgold/Firstgold sporadic RC exploration drilling Refurbish and expand heap leach facilities 2010 Firstgold files for bankruptcy 8/2011: Gold Acquisition Corp/Pershing Gold purchases Relief Canyon Mine out of bankruptcy 8

9 Expert Technical Team Senior-level expertise in geology, engineering and metallurgy Dan Moore VP, General Manager, Relief Canyon Steve Tibbals Process Manager Doug Prihar Manager of Exploration Robert Casaceli Senior Geologist & Geophysicist Pete Dilles Project Geologist Bill Houston Landman Tim Janke Mining Engineer Earl Shortridge Metallurgical Advisor Proven track record of discovering and developing gold mines in Nevada 9

10 Experienced Management Team Management Team has the complete suite of business, legal, environmental permitting, financial and mine management skills to put Relief Canyon back into production: Steve Alfers Executive Chairman, CEO & President Debra Struhsacker Corporate VP Dan Moore VP, General Manager, Relief Canyon Eric Alexander VP Finance & Controller Larry Hillesland VP Exploration & Development Proven track record of discovering and developing gold mines in Nevada 10

11 Key Asset: Acquired 1,100 Acres of Land, August 2011 Oregon Idaho Pershing County RELIEF CANYON MINE 34 28N 33E Utah N 34E Nevada 5 04 California Arizona Legend MINING CLAIMS ACQUIRED 16 AUGUST PROCESSING FACILITIES RELIEF CANYON MINE N 33E N 34E q Miles N 33E N 34E

Consolidated,200 Acre Land Position Allows Mine Expansion in All Directions Oregon 30 29 Idaho 28 27 26 30 29 28 27 26 31 28N 35E 32 33 28N 32E 36 Pershing County 31 32 80 33 28N 33E 34 35 36 31 32

FACILITIES 13 18 17 RELIEF CANYON 16 MINE 15 14 13 18 17 16 27N 35E 27N 32E 27N 33E 27N 34E 24 19 20 21 22 23 24 19 20 21 22 23 24 19 20 21 Legend MINING 30 CLAIMS 29 ACQUIRED 28 AUGUST 2011 PROPERTY

12 Consolidated,200 Acre Land Position Allows Mine Expansion in All Directions Oregon Idaho N 35E N 32E 36 Pershing County N 33E N 34E RELIEF CANYON MINE Utah Nevada California Arizona PROCESSING FACILITIES RELIEF CANYON 16 MINE N 35E 27N 32E 27N 33E 27N 34E Legend MINING 30 CLAIMS 29 ACQUIRED 28 AUGUST 2011 PROPERTY ACQUISTIONS N 32E N 33E 15 q N 34E N 35E Miles

13 Tons Key Asset: Open Pit Mine with Expanding Gold Resource NI Compliant Resource Estimate 30,000,000 22,500,000 15,000,000 44K oz Au 419K oz Au Redevelopment project that was mined in the 1980s 740 holes drilled with drilling ongoing to expand resource compliant in-pit resource (January 2013) 7,500, K oz Au 42K oz Au 101K oz Au Jun Jan Mine Development Associates Technical Report 2. Roscoe Postle Associates Inc Technical Report 13

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16 2013 Drilling 1 Program: Initial Results Discover High-Grade Gold From To Length Gold Silver (feet) gpt opt gpt opt Lower Zone Intercepts RC RC including RC RC RC including RC RC RC including All drilling results are available on the Company s website. 16

17 2013 Drilling 1 Program: Initial Results Discover High-Grade Gold From To Length Gold Silver (feet) gpt opt gpt opt Jasperoid Intercepts RC RC RC including RC RC including RC RC including RC including RC RC including including RC including All drilling results are available on the Company s website. 17

18 2014 Mine Development Program Discussion with BLM to reopen the mine under the current Plan of Operations Complete column tests and other metallurgy Complete engineering and geotechnical work Complete environmental baseline studies File amendments to Plan of Operations and other permits to expand mine Complete updated compliant resource Complete compliant Preliminary Economic Assessment 18

19 Pershing Gold Corporation Debra Struhsacker, Corporate Vice President (775) Lovelock Office: 1055 Cornell Avenue Lovelock, NV

Investing in our Future

Investing in our Future Corporate Presentation December 18, 2017 Investing in our Orvana.com Future FORWARD LOOKING STATEMENTS All monetary amounts in U.S. dollars unless otherwise stated. Certain statements in this information