JayTaylorMedia (Radio Show Tue. 12 Noon PT

1. www.JayTaylorMedia.com (Radio Show Tue. 12 Noon PT www.Miningstocks.com (newsletter + Important links)

3. Outline • Why will this gold bull market likely continue? • It all depends on the direction of “real” interest rates • Direction of “real” interest rates depends on GDP growth. • GDP can now only get weaker given monetary policies. • The inevitability of constantly weaker GDP • Growing insolvency due to massive debt. • Growing inefficiency due to the destruction of capitalism by central banks. • Geopolitical forces reducing dollar hegemony  Weaker USD • Market plate tectonics (gold, commodities, stocks, bonds) • A word about the companies I invited to this MIF

4. Paul Wong, Sr. Portfolio Mgr., Sprott Asset Management

5. Negative “Real” Interest Rates Drive Gold Bull Markets!

7. J Taylor’s Inflation/Deflation Watch (No escape velocity)

9. The reason the Fed MUST keep interest rates low is that the carrying cost of our nearly $20 trillion Gov. national debt would explode if rates moved substantially higher. Sagami, Mauldin Economics

10. Another Reason Why the Fed “Can’t” Raise Rates At Near Zero % Interest

13. An Ending Dollar Hegemony & Interest Rates • Growing Hostility toward the U.S. & NATO By Net Saving Nations – Now Reducing USD Treasury holdings. • China, Japan and other net saving nations require financial resources for their own funding requirements. • Growth of the BRICS is reducing the power of the USD influence and voting power at the IMF  creating pressure on the dollar. Yuan now part of the SDR basket. • BRICS installing their own trading and financing infrastructure, thus lessening need to hold dollars as reserve currency. • A tectonic shift away from stocks and bonds toward commodities & rising inflation requiring the Fed to print dollars at a faster and faster pace, leading to declining real rates. (1970s)

14. Negative “Real” Interest Rates Drive Gold Bull Markets!

16. Michael Oliver’s “Momentum Structural Analysis” Gold: If one seeks to capture large trends, then measure large… Exit if you must, based on your own level of risk tolerance or if your time scale or participation is short. MSA defines trends, often intermediate and short‐term ones in many markets, but in the case of gold we argue that a long‐term vista must dominate at this point in time for gold, due to massive shifts underway in other asset categories. Implications of those shifts going forward are quite large, such that gold is likely to be at the forefront of world attention in the coming few years.

17. Balmoral Resources Ltd. • Toronto: BAR Market Cap: $85 Million • Martiniere Gold Prospect: • Abitibi Greenstone Belt • 3 near surface Au targets • more mineralized targets • All deposits open at depth. • Recent headline intercept in Sept. - 114.45 M @ 1.4 g/t gold. • Detour East Project: • 13 Km Au trend Northshore Gold Project – Ontario 48% JV Interest – Recent strong drill results including 23.73 g/t gold over 9 meters including 139 g/t over 1.2 meters. Grasset Ni-Cu-Co-PGE massive sulfide deposit: 3.45 million indicated tonnes grading 1.79% NiEq and 1.19 million inferred tonnes grading 1.19% NiEq.

18. Golden Predator Mining Corp. • Toronto: GPY • Market Cap: $62 million • 3 Aces Deposit – Yukon Orogenic gold deposit • Large number of quartz veins hosting high grade coarse gold. • 16 distinct zones of highly anomalous gold in soils over 3km x 3.5 km area of immediate interest. • Rotary Air Blast drill program confirms gold reveals very high grade near surface veins measured in multiple ounces per ton. • Bulk Sampling program continuing – Poured first gold bar this summer. • Deep Pocket Investors – well funded • Brewery Creek Mine Yukon: Brownfields project with positive 2014 PEA completed for this open pit prospect with good expansion potential.

19. Klondike Gold Corp. • Toronto: KG • Market Cap: $10 million • Insider holdings – 41% • Peter Tallman – CEO • The Lone Star Project: • Near Dawson City • Good infrastructure • Two Discoveries – Gay Gulch 76 g/t Au over 2.8 m and Nugget Zone 5.3 g/t Au over 7.6 m. • 2,780 Quartz claims totaling 527 sq km • Famous placer gold rush of the late 1800’s • Current 15% royalty from the Hoffman’s TV show related production ($225,000 in 2014 & $525,000 in 2015) • Previously unrecognized fault system with Orogenic gold hosted quartz veins. • 2016 Drill program – 50+ holes into outcrops with VG or > 5 g/t Au

20. Novo Resources Corp. • Toronto: NVO • Market Cap: 123 million • Dr. Quinton Hennigh – CEO • Beaton’s Creek – NW – Australia (Gold bearing conglomerates reefs akin to Witwatersrand) • Novel precipitation theory on the formation of the Wits & Beatons Creek deposits. (2.74 BYO rocks ) • Free milling oxide gold resource hosted conglomerate reefs. • Resource grades 0.27 g/t: M+I = 299,000 oz. / Inferred 250,000 oz. • Trial mining and milling from 30 tonne bulk sample to 20 meter max depth. • Completion of trial mining and PEA by Dec. 2016 • Commercial scale permitting completed by June 2017 • Construction by Aug. 2017, Production by Sept. 2017 • Mosquito Creek Basin Projects -- Numerous shear zones hosting very high grade gold mineralization in extensive Mosquito Creek Basin targets (2.92 BYO rocks)

21. PPX Mining Corp. • Toronto: PPX • Market Cap: $30 million • Brian Maher – CEO, Econ Geologist. • Developed Mangino Gold Project-sold to Argonaut Gold in 2012 for $341 million. • Igor Gold & Silver Mine • Northern Peru – Western Cordillera • Historical Resource: 730,500 AuEq ounces grading 3.16 g/t @ 1.5 g/t cutoff • Underground Workings - 4 levels in place. Test mining from two levels • Custom Mining by Proyectos La Patagonia SAC • 200 tonne bulk sample shipped to the mill Oct. 28 • Start up Capital from $5 million streaming deal with RIVI Capital • Preliminary Economics expected shortly for 350 t.p.d. operation. • Infrastructure including 70 person camp is in place. • Other projects in Peru

22. Auryn Resources Inc. • Toronto: AUG • Market Cap: $196 million • Key Mgmt: S. Wallace/ Ivan Bebec • Past Successes: Asanko • Gold/ Cayden Resources • Canadian Projects : • Committee Bay-Nunavut • Resource: 1.6 million oz.> 5 g/t gold (all categories) • Homestake Ridge – B.C. • Southern Peruvian Projects: • Huilacollo – Porphyry Belt (Southern Copper/Freport McMoRan/ Anglo American) • Curibaya –Porphyry Belt – Earlier stage Au, Ag, Cu targetss • Banos del Indio – North of Huilacollo in the Epithermal gold belt • Sombrero – Cu/Au Porphyry Skarn Belt - Northwest of Huilacollo –early but very promising with high grade gold and copper on surface. • Mgmt’s success results from sound capital structures, ability to finance in a non dilutive manner & strong technical skills which have improved with past success

24. Negative “Real” Interest Rates Drive Gold Bull Markets!

25. The Greatest Gold Bull of My Lifetime? • First time ever since 1971 -- The global monetary system is based totally on debt-based fiat money rather than asset-based gold/silver money. • The largest ever currency debasement and beggar-thy-neighbor process of global liability based currency destruction is in process with no reversal in sight. Too painful to return to the natural laws of economics upon which capitalism is based. • Gold is Nature’s money. Its characteristics enable confidence in any monetary system upon which it is based because its value cannot be destroyed. • Gold and gold shares increase in value relative to fiat money under negative or declining real rates of interest. • The existing monetary system is so out of sync with equilibrium that a return to market rates of interest is politically impossible.

26. www.JayTaylorMedia.com (Radio Show Tue. 12 Noon PT www.Miningstocks.com (newsletter + Important links)