Mahogany Overview

Under earn-in agreement with Newcrest Mining

2185 hectares, 273 unpatented claims on BLM land

Located 20 km northwest of Integra Resources’ DeLamar deposit

High gold values in Headwater outcrop rock grab samples (up to 170.00 g/t Au), limited shallow historic drilling

First-pass drill program, totaling 810m, confirms presence of structurally-controlled high-grade gold zones

Core orientation data reveals the importance of northwest- and northeast-trending structural control on mineralization

Multiple targets yet to be tested

(*) Headwater News Release November 17th, 2021