HYCROFT RESOURCES & DEVELOPMENT INC. Allied Nevada Gold Corp.

2 ALLIED NEVADA: LOGICAL | RESPONSIBLE | GROWTH | VALUE Evolving U.S. Gold and Silver Producer HISTORY & MILESTONES Market Capitalization (billions) $3.0 $0.3  Allied Nevada becomes publically traded company listed on the TSX and Amex exchanges  Allied Nevada acquires Vista’s Nevada assets and the mineral assets of Carl Pescio  Allied Nevada incoroported as wholly owned subsidiary of Vista Gold  Private placement raising US $15.6 million  Board approves re- opening of Hycroft Mine  Hycroft resource estimate of 5.2 mm ozs Au and 75 mm ozs Ag  Reports doubling of reserves to 2.4 mm ozs Au and 32.3 mm ozs Ag  Completes cross- border financing for gross proceeds of US$91.3 million  First gold production from Hycroft  Equity financing raising US$67.7 million  Completes cross- border financing for gross proceeds of US$270.5 million  Further increases reserves to 12.7 mm oz Au and mm ozs Ag  Reports positive mill expansion feasibility study  Increases reserves to 10.2 mm ozs Au and mm ozs Ag  Announces expansion opportunities for Hycroft

ALLIED NEVADA: LOGICAL | RESPONSIBLE | GROWTH | VALUE 3 Hycroft Initial Capital Expenditures (millions) $220$270$374$325 Enviable Production Growth Profile: Gold

ALLIED NEVADA: LOGICAL | RESPONSIBLE | GROWTH | VALUE 4 Mining rate continues to increase with the ongoing implementation of larger mining equipment – By year end 2011 the Company had added: 2 x EX 5500 Hitachi hydraulic shovels (pictured below) 2 x EX 3500 Hitachi hydraulic shovels 7 x 320-ton Komatsu haul trucks (pictured below) 2 x Pit Viper production drills Major infrastructure upgrades and increased processing capabilities initiated and/or completed in bay truck shop for larger mining equipment (completed) Increase pumping capacity to the leach pads Increased solution processing capabilities of the Merrill Crowe facility from 5,000 gpm to 8,000 gpm (completed) Increased Brimstone leach pad space to 9.1 mm square feet (completed) Complete construction of Lewis leach pad for an additional leach pad space of 3.0 mm square feet (completed in Q1 2012) Hycroft: Expansion Progress

Taxes and Fees 2011 Property Taxes $660k Permit Fees $180k Net Proceeds Tax $2.3M Sales Tax $5.1M Employer Taxes $1.4M Total $8.7M 2012 Estimate Property Taxes $860k Permit Fees $180k Net Proceeds Tax $6.1M Sales Tax $13.8M Employer Taxes $1.8M Total $22.5M

Workforce 2008 – 102 Employees 2009 – 157 Employees 2010 – 209 Employees 2011 – 276 Employees 2012 – 370 Employees 2011 Labor Cost $25.4M – 2012 Labor Cost $29.1M Over 1,500 contractor employees on site in 2011

Hycroft EIS Draft EIS is currently in the public comment phase Comment Period Ends March 12 th The BLM process is about a month ahead of the original schedule Record of Decision in August 2012