CONT ACT Mihaela Iancu Investor Relations 18664410690 x320 infomcewenminingcom www mcewenminingcom LEXAM Near several pr oducing mines Four pr ojects syner gistic with Black Fox Au Resour ces 1 15 Moz MI 1Moz Inferr ed BLACK FOX US 35M pur chase price r epr esents compelling value 36 Koz Gold 2019 Boosts pr oduction r esour ces 180M tax pools 2020 exploration focus to cr eate signifcant near term value STOCK Only 700 m fr om our mill Historic pr oduction 137 Koz 55 gpt Signifcant 3km mineralized tr end 2018 initial r esour ce 114 Koz 254 gpt GOLD BAR On Battle MountainEur ekaCortez Gold T r end Near Barrick s Biggest Gold Mines 2018 Feasibility Study Highlights 60 Koz Gold year avg pr oduction 31 year payback period 2 After tax IRR 32 1350oz Gold Open pit heap leach 10 gpt Gold Commer cial pr oduction achieved May 2019 31 Koz Gold pr oduction in 2019 Potential to Extend Mine Life 1 Gold Bar South 2 Historic or e dumps 3 Sulphide or e EL GALLO GOLD Residual heap leaching continuing for several years 2019 Pr oduction 16 Koz GEOs FENIX PEA July 2018 12 year mine life 41M initial capex 41 years payback 4 47 Koz GEO avg annual pr oduction Phase 1 permitting completed in 2019 Feasibility study in pr ogr ess SAN JOSE MINE Surr ounds Goldcorp s Cerr o Negr o Mine 49 inter est with Hochschild Mining High grade under gr ound mine 728 gpt Gold 459 gpt Silver 3 5 year mine life 2019 Pr oduction 49 34 M oz Silver and 52 Koz Gold 92 Koz GEOs LOS AZULES Lar ge Copper Pr oject 100 Owned Potential JV 2017 Pr eliminary Economic Assessment Initial capex 24 B 36 year mine life Cash cost 114lb 1st 13 years 36 years payback at 300lb Copper 102 B lb Copper 048 Indicated 193 B lb Copper 033 Inferr ed Ongoing envir onmental baseline infrastructur e engineering studies Los Azules San Juan Ar gentina San Jose Santa Cruz Ar gentina Cortez T r end Central Nevada USA Timmins Ontario Canada s Lar gest Gold Pr oducer El Gallo Complex Sinaloa Mexico residual heap leaching de V el O p M en T ad V anced e X pl O ra T i O n pr O ducer pr O ducer pr O ducer e X pl O ra T i O n ad V anced e X pl O ra T i O n 2 1250 oz gold 3 Dec 31 2019 Reserve grades 1 NI 43101 Resour ce 2013 MUL TIPLE PROJECTS ONE MINE ONE 2000 TPD MILL On Prime Segments of the Destor Por cupine Fault 4 Base Case 12500z Au 16oz Ag