Hycroft Mining

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September 13, 2021 at 2:00 PM (MDT)|Broadmoor Hotel & Resort

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SAFE HARBOR STATEMENT

In addition to historical information, any information in presentations or other written reports and oral statements made during the Denver Gold Forum by us may contain forward-looking statements. All statements, other than statements of historical fact, included herein that address activities, events or developments that we expect or anticipate will or may occur in the future, are forward-looking statements. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “estimate”, “plan”, “anticipate”, “expect”, “intend”, “believe”, “project”, “target”, “budget”, “may”, “can”, “will”, “would”, “could”, “should”, “seeks”, or “scheduled to”, or other similar words, or negatives of these terms or other variations of these terms or comparable language or any discussion of strategy or intentions. Forward-looking statements address activities, events or developments that the Company expects or anticipates will or may occur in the future and are based on current expectations and assumptions. These statements involve known and unknown risks, uncertainties, assumptions and other factors which may cause our actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although these forward-looking statements were based on assumptions that the Company believes are reasonable when made, you are cautioned that forward-looking statements are not guarantees of future performance and that actual results, performance or achievements may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if Company results, performance, or achievements are consistent with the forward-looking statements contained in this presentation, those results, performance or achievements may not be indicative of results, performance or achievements in subsequent periods. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements made in this presentation speak only as of the date of those statements, and the Company undertakes no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

You should review “Risk Factors” contained in the Company’s most recent Report on Form 10-K for more information about these and other risks. These risks may include the following and the occurrence of one or more of the events or circumstances alone or in combination with other events or circumstances, may have a material adverse effect on the Company’s business, cash flows, financial condition and results of operations. Important factors and risks that could cause actual results to differ materially from those in the forward-looking statements include, among others: risks related to the Company’ liquidity and going concern considerations; risks related to the Company’s ability to raise capital on favorable terms or at all; risks related to the proprietary two-stage heap oxidation and leach process at the Hycroft Mine and estimates of production; our ability to achieve our estimated production and sales rates and stay within our estimated operating and production costs and capital expenditure projections; risks related to a decline in the Company’s gold and silver production; risks related to the Company’s ability to successfully eliminate or meaningfully reduce processing and mining constraints; the results of the Company’s planned 2021 technical efforts and how the data resulting from such efforts could adversely impact processing technologies applied to the Company’s ore, future operations and profitability; risks related to the Company’s reliance on one mine with a new process; risks related to the Company’s limited experience with a largely untested process of oxidizing and heap leaching sulfide ore; uncertainties and risks related to the Company’s reliance on contractors and consultants; availability and cost of equipment, supplies, energy, or commodities; the commercial success of, and risks relating to, the Company’s development activities; risks related to slope stability; risks related to the Company’s substantial indebtedness, including cross acceleration and the Company’s ability to generate sufficient cash to service its indebtedness; uncertainties resulting from the possible incurrence of operating and net losses in the future; uncertainties related to the Company’s ability to replace and expand the Company’s mineral reserves; the costs related to the Company’s land reclamation requirements; the loss of key personnel or the Company’s failure to attract and retain personnel; risks related to technology systems and security breaches; and risks that the Company’s principal stockholders will be able to exert significant influence over matters submitted to stockholders for approval; risks related to fluctuations in the price of gold and silver; uncertainties concerning estimates of reserves and mineralized material; uncertainties relating to the COVID-19 pandemic; the intense competition within the mining industry and state of Nevada; the inherently hazardous nature of mining activities, including environmental risks; the Company’s insurance may not be adequate to cover all risks associated with its business, or cover the replacement costs of its assets; potential effects on the Company’s operations of U.S. federal and state governmental regulations, including environmental regulation and permitting requirements; cost of compliance with current and future government regulations; uncertainties relating to obtaining or retaining approvals and permits from governmental regulatory authorities; potential challenges to title in the Company’s mineral properties; risks associated with proposed legislation in Nevada that could significantly increase the costs or taxation of the Company’s operations; and changes to the climate and regulations and pending legislation regarding climate change; risks related to our Common Stock and warrants, including volatility in the price of the Company’s common stock and warrants; risks that warrants may expire worthless; anti–takeover provisions could make a third-party acquisition of the Company difficult; and risks related to limited access to our financial information, as the Company has elected to take advantage of the disclosure requirement exemptions granted to emerging growth companies and smaller reporting companies. Additionally, there are risks related to accounting for warrants as a result of the Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies, issued by the Securities and Exchange Commission on April 12, 2021.

NOTICE

The Denver Gold Group does not make any express or implied condition, representation, warranty or other term as to the accuracy, validity, reliability, timeliness or completeness of any information or materials in general or in connection with any particular use or purpose presented at the Gold Forum. Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

The Denver Gold Group does not represent or endorse the accuracy or reliability of any third party advice, opinion, statement, information or materials received during the Gold Forum.

INVESTMENT ADVICE - NO OFFER OR RECOMMENDATION

The Gold Forum and the information and materials presented at the Gold Forum do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated gold related products or any other regulated products, securities or investments, including, without limitation, any advice to the effect that any gold related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated gold related products or any other regulated products, securities or investments should not be made in reliance on any of the information or materials presented or obtained during the Gold Forum. Before making any investment decision, prospective investors should seek advice from their financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.