PACGOLD LIMITED — AGM Information 2021

Nov 25, 2021

==> picture [87 x 32] intentionally omitted <==

==> picture [122 x 32] intentionally omitted <==

CHAIR’S ADDRESS TO AGM

On behalf of the Board of Directors, thank you for your participation in the 2021 Annual General Meeting for Pacgold.

2021 has been a year like no other for every economy around the world, with Covid impacting every area of our lives. We at PacGold have faced our challenges on this regard, with issues getting personnel to site, and also the Australia wide delays in assay turnarounds due to the strong resurgence in the exploration market

In this our maiden year of listing, we are very proud of our achievements, especially given the challenges we have faced

1. Since officially listing on the 8[th] July we have enjoyed a more than doubling of our share price

2. We commenced listed life with an exceptionally strong register, with resource heavyweights Lowell Resources Funds Management and Resource Capital Funds both substantial on our register

3. We hit the ground running and have undertaken an extensive exploration program on our Alice River Gold Project, and enjoyed outstanding results from early drill holes

4. A new large-scale high-grade target zone has been identified, with substantial thickening of the gold zone beneath the open pit

5. We have also seen excellent early success targeting IP geophysics with the Alice River shear zone now defined over 4km

6. We currently have a 40 hole, 6,500m drilling programme underway with 2 rigs on site, with excellent early results.

As we focus on the 21/22 FY, we have a strong cash balance, some excellent walk up drill targets, and a highly supportive shareholder base. I have to say that I am very excited with what this year could deliver.

I would like to extend my sincere thanks to Tony Schreck and his team including Geoff Lowe Exploration Manager for such an enthusiastic focussed effort, which is yielding some positive early results. I also would like to thank all you shareholders for the faith you are showing in our company.

Approved by the Chair of Pacgold Limited.

For more information:

Tony Schreck

Victoria Humphries

Managing Director Media & Investor Relations tschreck@pacgold.com.au victoria@nwrcommunications.com.au +61 (0) 419 683 196 +61 (0) 431 151 676

About Pacgold Limited:

Pacgold is an ASX-listed minerals exploration company (ASX: PGO) focussed on the Alice River gold project situated at the northern end of the Northeast Queensland Mineral Province. This gold-rich Province contains several multi-million-oz gold deposits including Pajingo, Mt Leyshon, Kidston, and Ravenswood. Pacgold has a 100% interest in the Alice River Gold Project, covering an historical high-grade goldfield and open-pit mine with eight mining leases and five exploration permits over an area spanning 377km[2] .

==> picture [54 x 21] intentionally omitted <==

==> picture [76 x 21] intentionally omitted <==