Teranga Gold Investor Presentation — January 2020

Document content

TSX:TGZ / OTCQX:TGCDFBuilding a

West African Gold ProducerTD Securities Mining Conference

January 22, 2020Forward -Looking Statements

Allinformation included inthispresentation, including anyinformation astothefuture financial oroperating performance andother statements ofTeranga Gold Corporation (“Teranga ”)thatexpress

management’s expectations orestimates offuture performance, other than statements ofhistorical fact, constitute forward -looking information orforward -looking statements within themeaning of

applicable securities laws andarebased onexpectations, estimates andprojections asofthedate hereof .Forward -looking statements areincluded forthepurpose ofproviding information about

management’s current expectations andplans relating tothefuture .Wherever possible, words such as“plans”, “expects”, “scheduled”, “trends”, “indications”, “potential”, “estimates”, “predicts”,

“anticipate”, “toestablish”, “believe”, “intend”, “ability to”,orstatements thatcertain actions, events orresults “may”, “could”, “would”, “might”, “will”, orare"likely" tobetaken, occur orbeachieved, or

thenegative ofthese words orother variations thereof, have been used toidentify such forward -looking information .Specific forward -looking statements include, without limitation, alldisclosure

regarding future results ofoperations, economic conditions andanticipated courses ofaction .Although theforward -looking statements contained herein reflect management's current beliefs and

reasonable assumptions based upon information available tomanagement asofthedate hereof, Teranga cannot becertain that actual results willbeconsistent with such forward -looking

information .Such assumptions include, among others, theability toobtain anyrequisite governmental approvals, theaccuracy ofmineral reserve and mineral resource estimates, gold price,