Antilles Gold : Updated Corporate Presentation

8 June 2022

UPDATED INVESTOR PRESENTATION

Antilles Gold Limited (ASX Code: AAU, OTCQB Code: ANTMF) ("Antilles Gold" or the "Company") is

pleased to lodge the attached Investor Presentation which updates progress on the Company's activities, and its growth potential in Cuba.

The document will be presented to a number of potential investors at next week's PDAC Conference in Toronto.

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ABOUT ANTILLES GOLD LIMITED:

1. Antilles Gold's strategy is to participate in the successive development of previously explored gold, copper, and zinc deposits in mineral rich Cuba

1. The Company is at the forefront of the emerging gold mining sector in Cuba and expects to be involved in the development of a number of projects through 49:51 mining joint ventures with the Cuban
   Government's mining company, GeoMinera SA.

1. Antilles Gold is comfortable operating under the applicable law on Foreign Investment, and Mining and Environmental regulations in Cuba, and has been granted a generous fiscal regime by the Government which is supportive of its objectives.

1. The near-term project of the joint venture company, Minera La Victoria SA, is the proposed development of the La Demajagua gold/silver open pit mine on the Isle of Youth in southwest Cuba to produce approximately 100,000 oz Au equivalent per year in concentrate for sale to an international trading company, or foreign smelters for 6 years.

1. Underground operations are planned to follow at La Demajagua for +10 years.

1. The current pipeline of additional projects with development potential include a gold-copper oxide deposit overlying a very large copper-gold porphyry system, and an entire 40km long VMS style polymetallic mineral belt with a history of producing copper and zinc concentrates with gold credits. These properties in central Cuba will be explored initially at Antilles Gold's cost prior to their transfer to a joint venture with
   GeoMinera for additional exploration and studies, and probable development to produce copper and zinc concentrates which are in increasing demand as essential battery metals.

1. The objective of the joint venture partner's is to invest part of the profits expected to be generated by mines at La Demajagua, and the El Pilar oxide deposit to fund projects that follow, in order to achieve organic growth with minimal additional equity contributions by the partners, and with the aim of ultimately establishing a substantial mining group in Cuba.

This announcement has been authorised by the Chairman of Antilles Gold Limited.

ASX: AAU

OTCQB: ANTMF

"A first mover in a new mining frontier - Cuba"

GOLD . COPPER . ZINC

8 June 2022

INVESTOR PRESENTATION

Forward-Looking Statement

Some of the statements contained in this Presentation are forward-looking statements, such as statements that describe Antilles Gold Limited's ("AAU") future plans, intentions, objectives or goals, and specifically include but are not limited to statements regarding AAU's properties, resource estimates, potential mineralization, future financial or operating performance, gold and silver prices, estimated future production, future costs, timing of production start and economic analysis.

Actual results and developments may differ materially from those contemplated by such forward-looking statements depending on, among others, such key factors as the possibility that actual circumstances will differ from estimates and assumptions used in the potential of La Demajagua gold project, the environmental and social cost of proceeding with the project, uncertainty relating to the availability and costs of financing needed in the future, economic sanctions, general business and economic conditions, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of the project, and the impact of future legislation and regulations on expenses, capital expenditures and taxation, changes in project parameters, variation in ore grade or recovery rates, delays in obtaining government approvals and necessary permitting, impurities in products and other risks involved in the mineral exploration and development industry.

The forward-looking statements represent AAU's current views and subsequent events and developments may cause AAU's views to change. AAU disclaims any obligation to update forward-looking information except as required by law. Readers should not place undue reliance on any forward-looking statements.

DISCLAIMER

The Information contained in this Presentation is provided on the terms and conditions set out in this notice. The purpose of this Presentation is to provide Information relating to AAU, the La Demajagua Gold/Silver Project and potential of exploration areas in Cuba ("the Projects").

This Presentation has been prepared as a summary only and does not contain all information about AAU or the Projects. The information is subject to updating, completion, revision, further verification and amendment.

AAU makes no representation or warranty (express or implied) as to the accuracy, reliability or completeness of the Information. AAU and its respective affiliates, directors, employees, agents and consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or for any omissions from the Presentation, except liability under statute that cannot be excluded.

The Presentation contains reference to certain intentions, expectations and plans of AAU and the Projects. These intentions, expectations and plans may or may not be achieved. They are based on certain assumptions which may not be met or on which views may differ. The performance and operations of AAU and the Projects may be influenced by a number of factors, many of which are outside the control of AAU and the Projects. No representation or warranty, express or implied, is made by AAU or any of its respective affiliates, directors, officers, employees, agents, and consultants that any intentions, expectations or plans will be achieved either totally or partially or that any particular profitability or value will be achieved.

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Antilles Gold - A First Mover in Cuba's Emerging Mining Sector

• Cuba hosts numerous gold, copper, zinc, and nickel deposits that have been extensively explored by Russian, Canadian, and Cuban mining companies, but where development opportunities have been substantially overlooked by the international mining industry for decades.
• Other than Trafigura's 49% owned Emincar joint venture, which commissioned the
  US$300 million Castellanos base metals mine in 2017, only Antilles Gold is currently advancing mine developments in Cuba.
• As a first mover, Antilles Gold has access to exciting gold, copper, and zinc development projects through its Joint Venture with the Government's mining company, GeoMinera SA.
• The partners aim to progressively establish a substantial mining company operating a number of profitable mines.

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Current Development Projects in Cuba

• The La Demajagua open pit gold-silver mine on the Isle of Youth in south west Cuba to be commissioned in mid 2024 with estimated annual production of 100,000oz Au equivalent in a sulphide concentrate, for six years.
• An open pit mine to be developed on the El Pilar oxide deposit in central Cuba expected to be commissioned in mid 2025 to produce gold and copper concentrates, for around 5 years.
• The La Demajagua underground gold-silver mine to be commissioned in 2030 with estimated annual production of 65,000oz Au equivalent, for +10 years.

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