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TSX-V:VG FWB:CkC2DISCOVERING WORLD CLASSPRECIOUS METAL DEPOSITS

TSX.V:VGCAUTIONARY NOTESCertain statements contained in this presentation constituteforward-looking statements within the meaning of Canadiansecurities legislation. All statements included herein, otherthan statements of historical fact, are forward-lookingstatements which may include, without limitation, statementsabout the Volcanic Gold Mines Inc. (“the Company”) plans forits investments and properties; the Company’s businessstrategy, plans and outlook; the merit of the Company’sinvestments and properties; timelines; the future financialperformance of the Company; expenditures; approvals andother matters. Often, but not always, these forward lookingstatements can be identified by the use of words such as“estimate”, “estimates”, “estimated”, “potential”, “open”,“future”, “assumed”, “projected”, “used”, “detailed”, “hasbeen”, “gain”, “upgraded”, “offset”, “limited”, “contained”,“reflecting”, “containing”, “remaining”, “to be”, “periodically”,or statements that events, “could” or “should” occur or beachieved and similar expressions, including negativevariations.Forward-looking statements involve known and unknownrisks, uncertainties and other factors which may cause theactual results, performance or achievements of the Companyto be materially different from any results, performance orachievements expressed or implied by forward-lookingstatements. Such uncertainties and factors include, amongothers, changes in general economic conditions and financialmarkets; the Company or any joint venture partner not havingthe financial ability to meet its exploration and developmentgoals; risks associated with the results of exploration anddevelopment activities, estimation of mineral resources andthe geology, grade and continuity of mineral deposits;unanticipated costs and expenses; and such other risksdetailed from time to time in the Company’s quarterly andannual filings with securities regulators and available underthe Company’s profile on SEDAR at www.sedar.com. Althoughthe Company has attempted to identify important factors thatcould cause actual actions, events or results to differmaterially from those described in forward-lookingstatements, there may be other factors that cause actions,events or results to differ from those anticipated, estimated orintended.Forward-looking statements contained herein are based onthe assumptions, beliefs, expectations and opinions ofmanagement, including but not limited to expectations thatthe Company’s activities will be in accordance with its publicstatements and stated goals; that all required approvals will beobtained; that there will be no material adverse changeaffecting the Company, its investments or properties; and suchother assumptions as set out herein. Forward-lookingstatements are made as of the date hereof and the Companydisclaims any obligation to update any forward-lookingstatements, whether as a result of new information, futureevents or results or otherwise, except as required by law.There can be no assurance that forward-looking statementswill prove to be accurate, as actual results and future eventscould differ materially from those anticipated in suchstatements. Accordingly, investors should not place unduereliance on forward-looking statements.Under the terms of NI43-101, Bruce Smith, M.Sc., MAIG. isVolcanic’s Qualified Person.Mr. Smith holds B.Sc. and M.Sc. degrees in geology from OtagoUniversity, New Zealand, and MEng degree water andenvironmental resources from the IHE, Delft, Netherlands. Hehas been involved in mineral exploration since 1992, workingmostly in precious metal deposits, but also copper, basemetals, iron, lithium, uranium and mineral sands. Mr. Smithhas worked throughout the world on a large variety of projectsincluding in Africa, Europe, Asia, the Pacific, and North andSouth America, and speaks Spanish fluently. Mr. Smith is amember of the Australian Institute of Geoscientists (No6848)and a "Qualified Person" in accordance with NationalInstrument 43-101 and has reviewed and takes responsibilityfor the technical information contained in this presentation.

TSX.V:VGAbout VolcanicVisionMissionTo create wealth for allstakeholders through thediscovery of economic mineraldepositsTo realise the mineral potentialof eastern Guatemala throughprogressive investment andsocially responsible value ValuesTo build a safe and healthyenvironment for thecommunities we work in and thepeople we employTo provide long termcontribution to localcommunities and theireconomies

TSX.V:VGTSX.V:VGThe Right TeamWorld Class Exploration DistrictProprietary Geochemical DatabaseDefined High Grade Gold ZonesMaiden Resource Calculation Underway

TSX.V:VGThe Right TeamA management team with technical expertise andcommercial acumenThe Gold Group Team HaveDiscovered SeveralGold/Silver Deposits AndRaised Over 450 Million formineral exploration anddevelopment in global CapitalMarketsSimon RidgwaySally WhittallPresident, CEOCorporate Secretary35 Years experience in exploration and miningcompany management. Co-Founder of FortunaSilver Mines, Radius Gold and discovered CerroBlanco and several other mineral deposits in Centraland North AmericaOver 20 years experience in corporate compliance andsecurities regulations for several public resourcecompanies. Sally spent 6 years as a corporatesecurities legal assistant in a major Vancouver lawfirm. Completed the Canadian Securities CourseAlex VaidesPedro GarciaChief Project GeologistGovernment Community Relations25 years experience managing drill programs forGold Group in the Americas this includes majordiscoveries such as Fortuna Silver’s San Jose Mine,Alacran porphyry in Columbia, Trebol in Guatemalaand Radius’ Amalia discovery30 years experience in mining industry handlinggov. community relations and environmental issuesfor Gold Group in Latin American countries.Director of the mining chamber of Several LatinAmerican countriesRodrigo MatiasBruce SmithChief Exploration GeologistTechnical Advisor30 years prospecting & discovery in Guatemala &Central America. Initial prospecting discoveriesinclude Escobal, Cerro Blanco, Navidad, Tambor,Holly, Banderas, Sastre, Amalia and moreGeologist and environmental engineer with 26 yearsglobal exploration experience. Led team that discovered 100Moz Chinchillas Silver Mine in Argentina. Worked inGuatemala since 1998. 43-101 QP accredited.

25 Years Experience in GuatemalaWorld Class Gold-Silver PotentialGold Group Team are early explorers inCentral AmericaVolcanic Gold Mines Motagua Norte25 years with same management andgeological teamGold-silver DepositVolcanic owned and discoveredSuccess in the region discovering SanMartin deposit Cerro Blanco depositVolcanic Gold Mines Holly ProjectLarge land holdings and proprietarygeochemical databaseGold-silver DepositVolcanic owned and discoveredEl PROGRESOHigh-Grade Gold-Silver DiscoveriesReady for Resources DefinitionCHIQUIMULAVolcanic Gold Mines Banderas ProjectGold-silver DepositVolcanic owned and discoveredSANTAROSAPan American EscobalUnderground Silver MineGold Group DiscoveryJUTIAPABluestone Resources Cerro BlancoGold-silver DepositGold Group Discovery

Eastern GuatemalaWorld Class Gold Silver PotentialFor every 1,000 spent on exploration in Mexico in the past 20 years itis estimated that less than 1 dollar has been spent in Guatemala.Same Geological Belt as Mexico, same world class potentialMinimal investment in the region, yet multiple world-class highgrade discoveries such as Escobal and Cerro BlancoExcitement and investment returning as demonstrated by PanAmerican’s 2019 1 billion investment to acquire control ofTahoe, and Bluestone’s recent 92 million dollar financing

Guatemala OptionVolcanic has acquired an option on acompelling and commanding land position inEastern Guatemala. Management believes welldirected exploration dollars will deliverexceptional returns.Volcanic can earn a 60% interest in the Hollyand the Banderas projects by spending thecumulative amount of US 7.0M on explorationof the Properties within 48 months from thedate of the agreement.Radius has supplied Volcanic with ageochemical database that has beengenerated over 20 years of exploration in theregion.Volcanic has exclusive access to this databaseand an exclusive right to acquire any mineralprojects generated from the database.Volcanic has acquired an option on a large land position in EasternGuatemala from Radius Gold Inc.

The Holly ProjectPossible fast track to establish high-grade resourceLocation Eastern Guatemala in a terrain with world class goldsilver mines and deposits 50km by paved road to Bluestone’s gold deposit underdevelopmentOwnership JV with Radius GoldGeology Low sulphuration epithermal gold/silver system Multiple high-grade quartz veins intersecting widemineralized Jocotan fault zone Key features of both Escobal and Cerro Blanco depositsStatus Previous shallow drilling intersected encouragingresultsProducing results to 4.58 m @ 79.84 g/t gold, 5,053g/t silverResource calculation underway

The Holly ProjectLa Peña Cross SectionTSX.V:VG

The Holly ProjectLa Peña Long SectionDrill programdesigned to establishinitial high-graderesourceResource expansionHigh-grade depositUnlocking value forshareholdersTSX.V:VG

The Holly ProjectLa Peña Plan MapTSX.V:VG

The Banderas ProjectTSX.V:VGDrill ready targetsLocation 9 km southeast of HollyOwnership 9 km southeast of HollyGeology Concession covers a caldera and rhyolitedome complex with gold-silver rich veins andbreccias extending over 16km2 Multiple veins predicted to merge at depth Brecciated dome margin targets at ZapoteHistory Historic Drilling is limited to shallow holes 49 holes , 7500 meters, tested less than 200vertical metersMultiple dacite and rhyolite domes have intruded andesitic volcanics.Several extensive northwest trending vein zones have been identifiedby rock and soil geochemistry, trenching and drilling

BanderasVein ZonesTSX.V:VGPrevious drilling, notable resultsDrill 16BDD-031BDD-014BDD-015BRC04-027incl.BRC04-028M28 VeinM28 VeinM28 VeinM28 VeinM28 VeinM28 VeinM28 VeinM28 VeinM28 VeinM28 VeinPyramid HillPyramid HillPyramid HillPyramid HillPyramid HillPyramid HillPyramid HillPyramid HillInterval(m) Au(g/t) 8.379.03.02.348.37.35.414.56.1

BanderasPyramid Hill Cross SectionNotable results include: 8.0 m @ 3.3 g/t Au, 68.3g/t Ag 6.14 m @2.8 g/t Au, 79.0g/t AgTSX.V:VG

TSX.V:VGBanderasZapote TargetBanderas Target 3.5km strike length ofanomalous gold-silver values inrock and soil geochemistry Margins of a dacite dome Not drill tested to dateZapote TargetBrecciated dome margin 3.5km trend (open)

Holly/BanderasRegional MapGeochemical Database12.3 g/t Au and 1,571 g/t Ag fromHDD21-004, Holly ProjectTSX.V:VG

Regional ProspectMontague NorteEarly stage prospects discovered bylocal prospectors in 2013TSX.V:VG Multiple vein sets over 10km trend High-grade gold and silver prospecting samples to 395 g/t gold and 2.3 kg/t silver Exploration program underwayPlaty gold in quartz veinsfrom Motagua

Regional ProspectMontague Norte12.3 g/t Au and 1,571 g/t Ag fromHDD21-004, Holly ProjectTSX.V:VG

Epithermal Gold SilverLatin AmericaA Proven ModelTSX.V:VGCerro BlancoLas ChispasSilver Guatemala1.2Moz at 10.2 g/t Au155Moz at 137g/t Ag3.7Moz at 8.4 g/t Au264Moz at 334 g/t AgC 231Million68Moz-eq at 332g/t AgAnd 3.3 g/t Au InferredC 1.21BillionC 612MillionSold 1.4 billionSold 1.07 billionRecent Market CapRecent Market CapRecent Market Cap2015 Feasibility Study2019 ReservesHolly & BanderasGuatemala 15 MMarket CapBanderas DDH3 29m20.7 g/t Au 180 g/t Ag 7 MCash PositionCerro Blanco108 g/t AuData sources: bluestoneresources.ca / silvercrestmetals.com / newpacificmetals.com / continentalgold.com/en / panamericansilver.com / volgold.com Market caps at 6 Aug 2021 YahooFinance