U.S. Gold Corp. acquired Orevada Metals, Inc. in an all share transaction in September, 2019

Orevada has an option to earn-in up to a 70% interest in the Maggie Creek exploration project

Maggie Creek is located on the world-famous Carlin Trend in North Central Nevada

The Maggie Creek property is next door to Newmont’s 25-million-ounce Gold Quarry Mine

Maggie Creek is approximately 3 square miles of unpatented mining claims

Recent discoveries at Carlin (Leeville) and Gold Quarry (Chukar) demonstrate the potential for large high-grade deposits at depth – mostly untested at Maggie Creek

The Rainbow deposit occurs immediately south of project boundary

Host rocks and fault structures associated with Gold Quarry trend onto the Maggie Creek Project with historic drilling limited primarily to shallow holes

The Chukar-Alunite Fault structure, important to much of the high-grade mineralization at Gold Quarry, projects into the Maggie Creek Property where it intersects the NW structural corridor

Dikes on the property likely misunderstood and under-represented by previous operators

241 historic drill-holes have mostly been shallow with a mean depth of 300 feet

The relationship between dikes and gold mineralization has not been historically well understood. However, all of the key ore zones at South Arturo (Premier / Barrick JV) occur where vertical dikes intersect the Rodeo Creek formation at depth