nmi pres-mar-2016

TSX:NMIMarch 2016

Exceptional Team, Solid Production,Significant Valuation Upside

2TSX:NMI

Forward-looking StatementsCertain information set forth in this presentation contains “forward-looking statements”, and “forward-lookinginformation under applicable securities laws. Except for statements of historical fact, certain information containedherein constitutes forward-looking statements, which include the Company’s expectations about its business andoperations, and are based on the Company’s current internal expectations, estimates, projections, assumptions andbeliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as“will”, “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These statements are notguarantees of future performance or outcomes and undue reliance should not be placed on them. Forward-lookingstatements are based on the opinions and estimates of management as of the date such statements are made and theyare subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level ofactivity, performance or achievements of the Company to be materially different from those expressed or implied bysuch forward-looking statements or forward-looking information. Although management of the Company hasattempted to identify important factors that could cause actual results to differ materially from those contained inforward-looking statements or forward-looking information, there may be other factors that cause results not to be asanticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actualresults and future events could differ materially from those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements and forward-looking information. The Company does notundertake to update any forward-looking statements or forward-looking information that are included in thispresentation or incorporated by reference herein, except in accordance with applicable securities laws.

3TSX:NMI

Newmarket Gold Highlights Excellent capital structure US$36.5M cash (A$52.0M equivalent) and US$1.3M debt

Experienced capital markets and operational team with a proven track record of execution and significant value creation

Three 100% owned operating gold mines in Australia with sustainable production of over 200,000 ounces annually with strong cash flow (all production unhedged)

New mine site discoveries leading to organic production growth

Disciplined gold asset consolidation strategy

Warrant exercise proceeds of C$6.9M cash (approximately US$5.1M)(Feb 26, 2016)

Highly leveraged to the AUD$ gold price (A$1716, Mar 1,2016)

NEWMARKET OPPORTUNITY

$1,205

$3,197

EV/oz Production EV/oz Production

3.3x

6.6x

Price/2016E CFPS (ratio) Price/2016E CFPS (ratio)

Peer Group1Peer Group1

Newmarket Valuation Newmarket Valuation

1. Peer group details slide 9. Source: FactSet, Bloomberg, company disclosure, available equity research. Averages exclude Newmarket, details as at Mar 22, 2016.

4TSX:NMI

NEWMARKET GOLD FOUR PILLARS

SUPERIOR INVESTMENT OPPORTUNITY

PEOPLE

Track record of superior value creation

Board and management aligned with shareholders ($12M invested 8% equity ownership)

Experienced management team

Demonstrated operations excellence

OPERATIONS

Three gold mines in Australia, over 220,000 ounces annual production

Strong cash position (US$36.5M1), record low operating cash costs and AISC, prudent capital allocation

Delivering on guidance, focus on free cash flow and growth

Mineral Reserves at Fostervilleincreased 34% with a grade increase of 25% to 6.95g/t gold1

DISCOVERIES

Three new mine site gold discoveries close to current infrastructure

Significant resource expansion opportunities at all mines

New Eagle visible gold discovery at Fosterville traced over 600m x 290m and open

Trend to higher consolidated grades and recoveries

GROWTH

Strong potential for organic production growth and resource expansion

Deep capital markets relationships, patiently targeting accretive production opportunities

1. As at December 31 2015

5TSX:NMI

STRONG FINANCIAL POSITION

Cash Balance ($M)1 US$36.5

Warrant Exercise Proceeds($M)(Feb 26, 2016) US$5.1

Working Capital (incl. Cash)($M)1 US$22.3

Debt ($M)1 (Est. as at March 30, 2016) <US$1.3

TSX:NMI OTCQX: NMKTF

1. As at Dec 31, 2015 2. Assuming all debenture holders elect to exercise their debentures at $1.02 for 33.9 million common shares prior to the Redemption date of March 30, 2016. 3. Excludes 11,438,820 warrants which have a

strike price of $9.16. 4. 972,000 broker warrants at $1.25 expiring on January 10, 2017.

Balance Sheet

Issued and Outstanding (M) (Est. as at March 30, 2016) 174.72

Market Capitalization (M) (as at March 22, 2016) US$315

Options (M) 10.5

Performance Share Units (M) 4.0

Warrants3,4 0.9

Fully Diluted (M) 190.1

Luxor Capital Group LP 35%

Management/Board (basic) 8%

Capital Structure & Ownership

Average Daily Volume

30 day 2,000,000

CASH$36.5 Million

$67.5$74.2 $76.5

$126.3$121.1

2013A 2014A 2015A 2016E 2017E

Source: 2013-2014 Actuals, 2016E-2017E – Factset Consensus

Consensus Estimated Operating Cash Flow (US$ Millions)

Debt $1.3 Million

Warrant Proceeds $5.1 Million

6TSX:NMI

Low G&A on a per oz basis: currently US$27/oz vs peers at US$56/oz

Strong Founders share ownership: C$12 million currently invested (8% issued and outstanding)

Aligned PSU Vesting Plan based on share price performance:

1/3 vest when the price of Newmarket is C$2.25 or greater

1/3 vest when the price is C$3.00 or greater

1/3 vest when the price is C$3.75 or greater

PSUs expire worthless after 3 years (mid-2018), If share price thresholds not met

EXPERIENCED VALUE CREATION TEAM

Raymond Threlkeld Chairman

Douglas Forster President, CEO & Director

Blayne Johnson Executive VP, Director

Lukas Lundin Director

Randall Oliphant Director

Darren Hall Chief Operating Officer

Doug Hurst VP Corporate Development

Robert Dufour Chief Financial Officer

Robert Getz Director

Kevin Conboy Director

Edward Farrauto Director

AdvisorsIan Telfer Capital Markets

Michael Vitton Capital Markets

Mike Vint Technical Advisor

The founders have created over $30 billion in market cap value

ALIGNED WITH SHAREHOLDERS

7TSX:NMI

SUSTAINABLE PRODUCER WITH A STRATEGY FOR LONG-TERM GROWTH

RECORD 222,671 oz

FLAGSHIP FOSTERVILLE GOLD MINE

3 AustralianCONSOLIDATED GOLD PRODUCTION

2015 RECORD YEAR

RECORD PRODUCTION 123,095RECORD GRADE 6.11 g/t AuRECORD RECOVERY 88.5%RECORD DRILL INTERCEPT 645g/t Au over 3.5m

CONSOLIDATED COSTS

OPERATING CASH COSTS $US 704/ozALL-IN SUSTAINING COSTS $US 987/oz

Gold Mines

THREE NEW MINE SITE DISCOVERIES

ROBUST AUD$ GOLD PRICE

8TSX:NMI

Newmarket Gold/Lake Shore Gold Value Comp

Trading MultiplesNMI 2015 FY

Feb 5/16LSG Takeout

Feb 5/16

Share / Offer price C$/sh $1.56 $1.71

FDITM Mkt Cap / Equity Purchase Price US$M $206 $683

FDITM EV1 US$M $158 $618

2015 Production koz Au 223 179

2015 Cash Costs US$/oz $704 $580

2015 AISC US$/oz $987 $870

Reserves Moz Au 0.9 0.8

Resources (inclusive) Moz Au 7.4 11.2

EV/ 2015 Production US$/oz $708 $3,446

EV/ Reserves US$/oz $169 $798

EV/ Resources US$/oz $21 $55

P / NAV 0.58x 1.38x

P / CF 2.00x 7.03x

1. Assumes convertible debenture is converted, Source: GMP Securities

February 8, 2016: Tahoe Resources announces acquisition of Lake Shore Gold for C$945 million

9TSX:NMI

Source: FactSet, Bloomberg, company disclosure, available equity research.

Averages exclude Newmarket as at Mar 22, 2016.

Peer Group Comparison

All comparison metrics present an opportunity for significant valuation re-rating with Newmarket Gold

$1,205

$2,097

$2,592 $2,882 $2,895 $2,939 $3,118

$3,539 $3,998

$4,714

Average: $3,197

3.3x 3.9x

4.5x

5.7x 5.7x 6.1x

7.4x 7.6x

9.1x 9.4x

Average: 6.6x

2.5x 3.1x

4.5x 5.3x 5.3x 5.6x 5.8x

6.8x 7.1x

10.0x

Average: 5.9x

EV / 2016E Prod. (US$/oz)

Price / Consensus 2016E CFPS (ratio) EV / Consensus 2016E EBITDA (ratio)

10TSX:NMI

PRODUCING IN A TOP MINING JURISDICTIONCOSMO/UNION REEF

Location Northern TerritoryOwnership 100%Metals GoldMining UndergroundCapacity 2.0Mtpa Yrs in Production 2.5 Prod. Guidance 60k – 65k ouncesDiscovery Western Lodes Discovery

MAUD CREEK GOLD PROJECT

Location Northern TerritoryOwnership 100%Metals GoldMining Open Pit + UndergroundStage PEAM&I Resources 724,000 ozs @ 3.46 g/t1

1. See slide 27 for details on Mineral Resource and Reserve details 2. see Non-IFRS Disclosure p.32

FOSTERVILLE GOLD MINE

Location Bendigo, VictoriaOwnership 100% (2% Royalty)Metals GoldMining UndergroundCapacity 850Ktpa Yrs in Production +10 Prod. Guidance 110k – 120k ouncesDiscovery Eagle Fault Zone

STAWELL GOLD MINE

Location Stawell, VictoriaOwnership 100% (1% Royalty)Metals GoldMining UndergroundCapacity 1.0Mtpa Yrs in Production +30Prod. Guidance ~35k ouncesDiscovery Aurora B Gold Zone

2016E CONSOLIDATED GUIDANCE

Production: 205,000 - 220,000 ouncesOperating Cash Cost2: US$650 - US$725 per ounceAll-in sustaining costs2: US$950 - US$1,025 per ounce

AUSTRALIA

BIG HILL GOLD PROJECT

Location VictoriaOwnership 100%Metals GoldMining Open PitStage PermittingM&I Resources 166,000 ozs @ 1.52 g/t1

Producing Mine

Development Project

Mine site Discovery

11TSX:NMI

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016

Gold

Pri

ce (

$/o

z)

Gold (US$/oz) (LHS) Gold (A$/oz) (LHS)

Source: Capital IQ as of February 11, 2016

AUSTRALIAN ADVANTAGE

A$1716/oz(Mar 1, 2016)

12TSX:NMI

2015 FY Financial Performance(As at Dec 31, 2015) US$ Million

Revenue $257.9

Record Operating cash flow $76.5

Net Income $(2.8)

Net Income per share (basic and diluted)* $(0.02)

Adjusted Net Income** $40.7

Adjusted Net Income per share (basic and diluted)** $0.32

Cash (M) (as at Dec 31, 2015) $36.5

Warrant Proceeds (M) (Feb 26, 2016) Approximately $5.1

Sustaining Capital (M) $55.3

Growth Investment (M) $12.0

Average Realized Gold Price US$ (2015) $1,156

*Pre-Transaction net (loss) income per share is presented after giving effect to the Arrangement share exchange ratio of 0.2456. **Excludes non-cash impairment charge of $26.5M relating to the Cosmo Gold Mine and non-core assets, accounting for a $0.21 per share loss, and also includes transaction costs of $17.0M accounting for a $0.14 per share loss.

13TSX:NMI

2015 Record Production 123,095 oz

2015 Record Grade 6.11 g/t Au

H2/15 Record Production 64,044

H2/15 Record Grade 6.37g/t Au

H2/15 Record Recoveries 88%

H2/15 Operating Cash Costs per ounce $496

H2/15 All-In Sustaining Costs per ounce $7811

Flagship Fosterville Mine – Low Cost Producer

U.S. Dollars unless stated otherwise 1. excludes corporate G&A, average for Q3/Q4, 2015, see page 27-28 for further 43-101 disclosure

High grade, visible gold-bearing Lower Phoenix system tested over two kms and open for expansion

DISCOVERY

2015 MINERAL RESOURCE & RESERVE UPDATE Proven and Probable underground Mineral Reserves increased 34% to 244,000 ounces grading 6.95 g/t gold (Dec 31. 2015)

Fosterville’s current mining front comprising the Phoenix and Lower Phoenix gold systems, and associated structures, host

Measured and Indicated Mineral Resources containing 673,000 ounces grading 8.33 g/t2 open up and down plunge

14TSX:NMI

Fosterville Mine (Longitudinal Projection)

Harrier Drill Drive

12.5 g/t Au over 3.3m


Central Decline

Phoenix Decline


78

50

mN

9.3 g/t Au over 3.3m4.4 g/t Au over 8.0m

Drill Targets

1km step-out drillingH2/2016 drill results

NORTHSOUTH

Mineral Resources, Reserves and MINING as at December 31, 2015

Harrier Decline

Harrier

62

00

mN

Proven & Probable Mineral Reserves of 244,000 ounces grading 6.95 g/t gold

Fosterville Global Measured and Indicated Mineral Resources of 2.1 million ounces grading 4.39 g/t gold

15TSX:NMI

LegendDrill InterceptsColoured by Gram-Metre

Mined Stopes Reserves >30 5 - 15

Mined Development Mine Design Target Trend 15 – 20 1 - 5

12.8 g/t Gold over 8.5m


16.4 g/t Gold (Visible Gold)over 16.5m

73.2 g/t Gold (Visible Gold) over 7.8m

385 g/t Gold (Visible Gold) over 3.4m

Fosterville Mine (Lower Phoenix, Phoenix Mining Front)


286 g/t Gold (Visible Gold) over 2.8m



161 g/t Gold over 4.9m645 g/t Gold over 3.5m

Lower Phoenix & Phoenix gold system, current mining fronts at Fosterville include:

M & I Resources of 673,000 oz grading 8.33 g/t gold

Inferred Resources of 101,000 ozgrading 9.49 g/t gold

16TSX:NMI

Fosterville Mine – Peer Cost Comparison

H2/15Production

H2/15Cash CostsPer Ounce

H2/15 AISC

Per Ounce

Fosterville/Newmarket Gold1(Australia) 64,044 $496 $781

Andy Wells/Doray Minerals2(Australia) 47,197 $443 $783

Carosue Dam/Saracen Minerals2(Australia) 82,405 $548 $742

Timmins West/Lakeshore Gold3(Canada) 64,000 $607 $929

Pajingo/Evolution Mining2(Australia) 32,316 $634 $895

Macassa/Kirkland Lake4(Canada) 61,475 $650 $962

1. See non-IFRS details on slide 32, second half 2015 end Dec 31, 2015 for costs and production, excludes corporate G&A 2. Jun, Dec 2015 Quarterly Reports, Weighted average costs based on quarterly results. Assuming 0.730 USD:AUD for all quarters 3. Q3 and Q4 Results Press Releases 4. Mar, Jun, Sep, Dec 2015 Quarterly Reports, Production based on 2015 Stub-year 8 month period May 1 to Dec 31, 2015, costs based on 6 month period ended Oct 31, 2015

(open pit/underground)

(open pit/underground)

Underground Mine Comparisons

17TSX:NMI

Fosterville123,095

Cosmo63,255

Stawell36,321

FY 2015

Gold Production (oz)

222,671 oz

Fosterville Operation Profile 2014A 2015A 2016 Guidance

Gold Production 105,342 123,095 110,000 – 120,000

Gold grade (g/t) 4.62 6.11 n/a

Recovery (%) 86.4 88.5 n/a

Operating Cash Costs (US$/oz) $737 $516 $500-$575

AISC (US$/oz) $1,186 $8371 n/a2

Operations Overview

1. (see Non-IFRS Disclosure p.34). 2. 2016 Consolidated Company AISC guidance is US$950 – US$1,025/oz and operating cash cost guidance is US$650 – US$725/oz

Cosmo Operation Profile 2014A 2015A 2016 Guidance

Gold Production 77,740 63,255 60,000 - 65,000


Recovery (%) 88.9 90.7 n/a

Operating Cash Costs (US$/oz) $1,000 $917 $720-$795

AISC (US$/oz) $1,2631 $1,1541 n/a2

Stawell Operation Profile 2014A 2015A 2016 Guidance

Gold Production 39,230 36,321 ~35,000


Recovery (%) 78.8 80.8 n/a

Operating Cash Costs (US$/oz) $1,151 $917 $900-$975

AISC (US$/oz) $1,1931 $1,0631 n/a2

55% Gold Production

from Fosterville Gold Mine

18TSX:NMI

Stawell Mine Discovery (Expansion Opportunity)

Longitudinal Projection of Stawell Gold Mine Showing East Flank Targets

BrummigansBig Hill Surface Opportunity

WEST FLANK

Past Production of 2.3 Million ounces Gold

Past old

8.03 g/t gold over 8.8 m

EAST FLANK


Discovery Zones, no production, close to current infrastructure

(approximately 200m from Aurora B)

19TSX:NMI

Stawell Mine Aurora B Discovery Section

Maiden Inferred Mineral Resource of 30,400 ounces grading 3.5g/t gold. The grade of the Aurora B Inferred Mineral Resource is 42% greater than the underground Mineral Reserve grade

East Flank TargetAurora A

Traditionally mined West Flank total production to date 2.3 million ounces

Magdala


20TSX:NMI

Cosmo Mine Discovery (Close to Infrastructure)

0 100

metres

Western

Lode

Target

SliverTarget



Cosmo Long Section

14.79 g/t gold over 11.4 m, 14.07 g/t gold over 6.4 m

5.85g/t gold over 5.7 m

10.25 g/t gold over 2.8 mInc. 6.4 g/t gold over 3.1 m

The Cosmo Eastern Deeps drilling has identified mineralization approximately 200 m down plunge from the base of current resources

WESTERN LODE PLAN MAP

EASTERN DEEPS SECTION

Union Reefs mill has 1.2Mt of excess capacity to

treat additional ore

AB

21TSX:NMI

0.92

1.26

P/NAV NMI P/NAV to 75th percentile of ASX Junior Gold Producers

Re-Rating Opportunity Significant re-rating opportunity based on:

continued quarterly performance, increased mine-site grade profile and mill recoveries

organic production growth potential, strengthened balance sheet through warrant exercise and convertible debt redemptions

focused on created shareholder value and free cash flow

merger and acquisition strategies

advance our three mine-site discoveries

Continued expansion of shareholder base from small number of private equity shareholders to institutional and retail shareholders

NMI Opportunity

Source: company disclosure, Factset, Bloomberg, Peer Averages exclude Newmarket Gold, as at Mar 1, 2016

Newmarket Gold Valuation

22TSX:NMI

PEOPLEFounders have created over $30 billion of shareholder value Shareholder alignment C$12M invested, 8% equity ownership, performance share units vest based on share price performance

Demonstrated operational excellence

OPERATIONSThree operating mines in Australia with over 220,000 ounces of annual gold production, strong cash position, (US$36.5M) with 2015 consolidated record low operating cash costs $704 and AISC $987

Trend to higher consolidated grades and recoveries

GROWTHNewmarket’s vision is to become the next quality intermediate gold producer with annual production of 400-500kozs

Focusing on internal organic growth and a prudent accretive acquisition strategy

Newmarket Gold Advantage

DISCOVERIESThree new mine site gold discoveries close to current infrastructure with significant resource expansion opportunity – extensive drilling underway

New Eagle visible gold discovery at Fosterville traced over 600m x 290m open down plunge

Douglas ForsterPresident & CEO, Director

T: 604-559-8040E: [email protected]

www.newmarketgoldinc.com

Contact Us

Ryan KingVice President, Corporate Communications


Laura LeporeDirector, Investor Relations


TSX:NMI

24TSX:NMI

Proven Track Record of Success

“Newmarket Gold Inc.’s mission is to deliver exceptional shareholder value through a disciplined approach to acquiring quality, gold production assets and outstanding development

opportunities in politically stable jurisdictions worldwide”

Public Sold

Principals have founded, managed and sold mining companies with a combined market value of approximately $30 billion

http://www.lucaradiamond.com/

http://www.lucaradiamond.com/

25TSX:NMI

Analyst Coverage1 and Liquidity Since July

Firm GMP Securities Anonymous TD Securities R. James CIBC Beacon Canaccord RBC Scotia

Shares Traded

24.5 Million 15.0 Million 8.7 Million 6.6 Million 5.5 Million 5.0 Million 3.7 Million 3.4 Million 2.7 Million

30 Day Avg Volume 2,000,000 (as of Mar 22 2016)

BrokerInitiation

DateTarget Price

Target RatingFY15E

ProductionOz (000’s)

FY15ECash Costs

FY15EAISC

CAPEX NAV

Beacon Securities Nov ’15 $3.25 Buy _ $704 $1,139 $29.5 $336

Cormark Securities Nov ’15 $2.80 Buy 220 $710 $1,017 _ $316

GMP Oct ’15 $3.55 Buy 234 $680 _ $55 $351

Laurentian Bank Dec ’15 $2.75 Buy 222 $697 $948

Raymond James Nov ’15 $3.30 Strong Buy 222 $709 $1,012 $58 $360

RBC Capital Nov ’15 $2.75 Buy 229 $696 $991 $58 $391

Rodman & Renshaw Dec ’15 $3.00 Buy 217 $725 $995 $47 _

PI Financial Jan ’16 $2.75 Buy 225.8 $699 $944 $60.1 $360

M Partners Mar ’16 $3.00 Buy 222.0 $709 $1,062 $76.1 -

BMO Feb ‘16 $3.00 Buy 214 $686 $982

Average $3.00

1. Factset consensus(Trading details July 2015 - Mar 1 2016)

26TSX:NMI

$400

$800

$1,200

$1,600

$2,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Go

ld S

po

t (i

n A

UD

$)

Historical Gold Price (in AUD$)

Appendix: Gold has remained strong in AUD terms

Source: FactSet, Bloomberg, company disclosure, available equity research

Current Spot Gold:AUD$1,716/oz

(March 1, 2016)

27TSX:NMI

Appendix: Mineral Resources (Dec 31. 2015)

Source: Newmarket Gold March 21, 2016 press release announcing 2015 year-end mineral reserves and mineral resources

Note: Mineral Resources are inclusive of Mineral Reserves. Mineral Resources have been rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding. Mineral Resources are stated as of Dec 31, 2015. Gold Price A$ 1,500/oz used.

Measured Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz)

Fosterville UG 2,086 3.25 218

Fosterville Tailings 571 7.83 144

Cosmo 1,650 3.63 193

Stawell UG 56 2.56 5

Maud Creek 1,067 5.59 192

Total Measured 5,430 4.29 752

Indicated Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz)

Fosterville UG 12,950 4.57 1,904

Cosmo 2,987 2.99 288

Stawell UG 669 3.49 75

Stawell Op 3,394 1.52 166

Burnside 7,358 1.36 322

Union Reefs 3,579 2.38 273

Pine Creek 8,393 1.41 379

Maud Creek 5,426 3.04 532

Total Indicated 44,756 2.74 3,939

Total (M&I only) 50,193 2.91 4,691

Inferred Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz)

Fosterville UGa 5,073 4.08 665

CosmoC 678 2.76 60

Stawell UGd 1118 3.24 116

Stawell Opf 46 1.15 2

Burnsideg 6,820 1.46 321

Union Reefsh 3,342 2.3 247

Pine Creeki 2,540 2.34 191

Maud Creeke 1,980 2.32 149

Total Inferred 21,597 2.52 1,751

28TSX:NMI

Classification Structure

Measured Indicated Inferred

Tonnes Grade In situ Gold Tonnes Grade In situ Gold Tonnes Grade In situ Gold

(kt) g/t Au (kOz) (kt) g/t Au (kOz) (kt) g/t Au (kOz)

Allwood* Lower Phoenix 5 5.59 1 110 6.30 22 170 6.48 36

Eagle* Lower Phoenix 23 16.76 12 178 10.97 63 43 27.21 37

East Dippers* Lower Phoenix 1 6.85 0 544 9.79 166 27 16.12 14

Ellesmere - - - 331 5.73 61 20 3.39 2

Harrier - - - 48 3.96 6 25 3.62 3

Kestrel 6 6.69 1 960 4.70 145 175 5.13 29

Lower Phoenix* Lower Phoenix 64 7.68 16 495 8.75 139 - - -

Lower Phoenix* FW Lower Phoenix 37 10.38 12 278 8.16 73 34 4.89 5

Phoenix* Phoenix 151 7.58 37 627 6.54 132 59 4.89 9

Raven - - - 119 8.12 31 - - -

Robin - - - 68 8.39 18 - - -

Splays - - - 912 5.74 169 298 3.98 38

Vulture - - - 517 5.04 84 635 4.56 93

Stockpile# 27 4.65 4 - - - - - -

Total Sulphide 315 8.29 84 5,188 6.65 1,109 1,488 5.58 267Notes:

*Fosterville’s underground Measured and Indicated Mineral Resources include resources in the existing mining fronts in the Phoenix and Lower Phoenix gold system of 673,000 ounces grading 8.33 g/t Au.

For the Mineral Resource estimate, the Qualified Person is Troy Fuller, MAIG, Geology Manager for Newmarket

The Mineral Resources reported are inclusive of the Mineral Reserves for the same area.

Lower cut-off grade of 3.0 g/t is applied to Lower Sulphide Mineral Resources below 5050mRL.

Mineral Resources are rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding.

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

The Mineral Resource estimate used a gold price of A$1,500 per ounce.

#Stockpile Inventory includes Lower Central Area Mineral Resources contained within the Run of Mine Stockpile and Coarse Ore Stockpile as at 31st December 2015

Appendix: Mineral Resources (Dec 31. 2015)

Fosterville Central Area Lower Sulphide Mineral Resources (Inclusive of Mineral Reserves) below 5050mRL – as at Dec. 31, 2015

29TSX:NMI

Appendix: Mineral Reserves (Dec 31. 2015)

2P Reserves Tonnes (Mt) Grade Au (g/t) Au (kozs)

Fosterville (Under Ground) 1.09 6.95 244

Fosterville (Tailings) 0.57 7.83 144

Cosmo 0.93 3.38 101

Stawell (Under Ground) 0.35 2.45 28

Stawell (Open Pit) Big Hill 3.12 1.36 138

Union Reefs (Under Ground) 0.27 4.42 39

Union Reefs (Open Pit) 0.24 1.61 12

Pine Creek 1.3 1.55 62

Total Proven & Probably Reserves 7.8 3.05 769

Source: Newmarket Gold March 21, 2016 press release announcing 2015 year-end mineral reserves and mineral resources

Note: Mineral Resources have been rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding. Mineral Reserves have demonstrated economic viability. Processing Recoveries range between 88% and 93%, excluding Fosterville Tailings which expects recoveries of 25% (see reports for details). Mining Recoveries range from 85% and 95% (see reports for details). Gold Price of $A1,450/Oz used. Mineral Reserves as of December 31, 2015. Mining Dilution ranges from 5% to 20% (see reports for details).

30TSX:NMI

Appendix: Fosterville Mine New Discoveries Eagle Fault, highlight intercepts include;

386 g/t Au (1) over 9.15 m (ETW 3.35 m) in hole UDH1238 (Including 5,283 g/t Au(1) over 0.6 m), 268 g/t Au (1) over 7.85 m (ETW 2.77 m) in hole UDH1255 (Including 5,276 g/t Au(1) over 0.35 m)and 73.15 g/t Au (1) over 8.7 m (ETW 7.78 m) in hole UDH1240A. Visible Gold has also been observed in the upper parts of Eagle zone in underground exposures.

Lower Phoenix Footwall, intercepted 77.87 g/t Au(1) over 6.3 m (ETW 4.33 m)in hole UDH1219A

East Dipping Fault, intercepted 246 g/t Au (1) over 0.90 m (ETW 0.81 m) in hole UDH1298 and 34.47 g/t Au over 5.1 m (ETW 4.09 m) in hole UDH1294

Kestrel structure returned 5.37 g/t Au over 9.75 m (ETW 5.12 m) in hole UDH1274 and 6.16 g/t Au over 11.05 m (ETW 5.12 m) in hole UDH1122

(1) Visible gold present in drill intercept, ETW - Estimated True Width, for further information on drill results see Newmarket Gold’s press releases dated July 27, 2015 and September 14, 2015 located at www.newmarketgoldinc.com

31TSX:NMI

Appendix: Fosterville Mine (Eagle Zone - Visible Gold)

32TSX:NMI

Appendix: Cosmo Mine Western Lodes

A number of drill holes have now penetrated the Western Lodes Target.

Drill results for the Cosmo Western Lodes which are outside of the current mine plan include 7.42 g/t gold over 4.3 m (estimated true width 2.85 m) and 6.59 g/t gold over 6.4 m (estimate true width 1.65 m).

Work continues to fully define the potential of the Western Lodes

Target is located only 160 m from current development and has the potential to increase resources at Cosmo and expand the current mine plan to alternative mining areas.

Note: For further information on drill results see Newmarket Gold’s press release dated July 22, 2015 located at www.newmarketgoldinc.com

33TSX:NMI

Appendix: Cosmo Mine Sliver Lode & Deeps

Development of the Sliver Lode at the Cosmo Mine with additional high grade results including: 14.79 g/t Au over 11.4 m (ETW 11.4 m) in hole CE67518 and 14.07g/t Au over 6.0 m (ETW 5.83 m) in hole CE67522.

Down plunge drilling in the footwall area of the Cosmo deposit, the Cosmo Deeps drill program has identified mineralization approximately 200 m down-plunge from the current base of Mineral Resources at Cosmo. The Cosmo Deeps drilling program was successful and include intercepts such as 5.85 g/t Au over 5.70 m (ETW 4.2 m) in hole CE84099 and 3.09 g/t Au over 6.4 m (ETW 5.0 m) in hole CE840100.

The very encouraging Cosmo Deeps and Sliver drill results have identified an opportunity to drill the down plunge potential of these targets from surface. This program is expected to commence in late 2015 and will cover 2,000 m of drilling to allow for future infrastructure planning for the mine. This drilling is planned to intersect the mineralization around 100 m down plunge from recent Sliver Lode drilling results as well as around 80 m above the intercept in drill hole CE840100. This program has the potential to add significant mineralization extension to the Cosmo deposit.

Note: For further information on drill results see Newmarket Gold’s press release dated September 21, 2015 located at www.newmarketgoldinc.com

Cosmo Deeps

34TSX:NMI

Appendix: Stawell Aurora B East Flank

New discovery of Aurora B East Flank mineralization is a significant event in the long history of the Stawell mine.

West Flank at Stawell has produced 2.3 million oz gold whereas the East Flank, where the Aurora B discovery has been made has no recorded production.

Drilling on the Aurora B discovery returned high-grade intercepts containing visible gold including: 7.06 g/t gold over 17.80 m (estimate true width 8.3 m).

Additional drilling on this new discovery is on-going.

Note: For further information on drill results see Newmarket Gold’s press release dated July 22, 2015 located at www.newmarketgoldinc.com

35TSX:NMI

Fosterville Mine Gravity Circuit Addition

The company has now committed to installing a 10 tonnes per hour gravity circuit (Knelson Concentrator) within the secondary (‘Regrind’) grinding circuit (Figure 5) at a cost of US$0.4 million with the installation expected to commence in early 2016 and be operational by the end of Q2 2016.

36TSX:NMI

Appendix: Non-IFRS and Additional InformationNon-IFRS MeasuresNewmarket Gold believes that investors use certain indicators to assess gold mining companies. The indicators are intended to provide additional information and should not beconsidered in isolation or as a substitute for measures of performance in accordance with the International Financial Reporting Standards.“OperationalCash Costs perOunce” is a non-IFRS performance measure which could provide an indication of the mining and processing efficiency at the operations.The Company calculates operating cash costs per ounce by deducting silver sales revenue as a by-product from operating expenses per the consolidated statement ofoperations, then dividing by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing andadministration as well as royalties, however excludes depletion and depreciation, share-based payments and rehabilitation costs. There are variations in the method ofcomputation of “operational cash costs per ounce” as determined by the Company compared with other mining companies. For more detail on the operational cash costs perounce determination for Crocodile Gold, please visit www.sedar.com or www.newmarketgoldinc.com and review the latest Annual Financial Statements issued on March 19,2014.

“All-In Sustaining Costs per Ounce of Gold (“AISC”) Effective December 31, 2013, the Company has adopted an all-in sustaining cost (“AISC”) performance measure that reflectsall of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, theCompany’s definition conforms to the AISC definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users inassessing operating performance and the ability to generate free cash flow from current operations. The Company defines AISC as the sum of operating cash costs (per above),sustaining capital (capital required to maintain current operations at existing levels), capital lease repayments, corporate general and administrative expenses, mine explorationwithin the known resources and rehabilitation accretion and amortization related to current operations. AISC excludes capital expenditures for significant improvements atexisting operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, rehabilitation accretion and amortization not related to currentoperations, financing costs, debt repayments, share-based compensation not related to operations, and taxes.

Additional InformationNotes for Page 25: For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see thetechnical reports titled: NI43-101 TECHNICAL REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR NEWMARKET GOLD INC dated March 21, 2016 and;NI43-101 TECHNICAL REPORT – BIG HILL ENHANCED DEVELOPMENT PROJECT AT STAWELL GOLD MINE MINERAL RESOURCES & RESERVES PREPARED FOR CROCODILE GOLDCORP dated June 6, 2014. For the Northern Territory Mineral Reserve Estimates please refer to the technical reports titled: REPORT ON THE MINERAL RESOURCES & MINERALRESERVES OF THE COSMO DEEPS GOLD PROJECT dated March 21, 2016; NI 43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FORNEWMARKET GOLD INC dated March 21, 2016; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE UNION REEFS GOLD PROJECT dated December 31, 2012;REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE PINE CREEK GOLD PROJECT dated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERALRESERVES OF THE MAUD CREEK GOLD PROJECT dated December 31, 2012 and;REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE BURNSIDE GOLD AND BASE METAL PROJECT dated December 12, 2013.Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Qualified PersonMark Edwards, MAusIMM (CP), MAIG, General Manager, Exploration, Newmarket Gold, is a "qualified person" as such term is defined in National Instrument 43-101 and hasreviewed and approved the technical information and data included in this presentation.

http://www.sedar.com/

http://www.crocgold.com/

nmi pres-mar-2016

Business