A New Project Generator in the AmericasFebruary 2019

A New Project Generator in the AmericasFebruary 2019

Recently uncovered Yellow Bowl gossan, Todd Creek

• ArcWest Exploration Inc. is a world class team of technically oriented explorationistswith a track record of discovery and a history of safe, successful and under-budgetproject management

• An exciting range of early stage to drill ready projects includes a large, underexploredland position in one of the world’s richest copper-gold districts, B.C.’s Golden Triangle

• Management has a strong track record of attracting well funded senior partners to de-risk the exploration process. Recent previous partners include Freeport McMoRan,Robert Friedland group companies, ITOCHU and Antofagasta

• As a project generator our primary focus is on the North American Cordillera in areaswith high quality projects, recent discoveries and a history of mine development

Introduction

Tyler Ruks (PhD) Jeff Kyba (BSc, PGeo) Nigel Luckman (BASc, PGeo)

JoAnne Nelson (MSc) Dave Broughton (PhD) John Bradford (MSc, PGeo)

Technical Team

• The ArcWest team is a dynamic, technically oriented management group guided byindustry veterans with a long history of success as prospect generators and minefinders

• The award-winning technical group combines a deep geological knowledge base with asolid track record of exploration and discovery including multi-million ounce golddeposits in Peru, B.C. and Ontario, and world class copper and PGE-nickel-copperdeposits in Africa

MANAGEMENTTyler Ruks, MSc, PhD – President

Jeff Kyba, BSc, PGeo – Vice President, Exploration

BOARD OF DIRECTORSGreg Beischer

Joel Dumaresq

Nigel Luckman, BASc, PGeo – Chief Operating Officer

John Meekison, CPA, CMA – Chief Financial Officer

John Meekison

Tyler Ruks

TECHNICAL ADVISORY BOARDJohn Bradford

David Broughton

JoAnne Nelson

Experienced Project Generators

What is a Project Generator?

• Mineral exploration companies that acquire early stage, technically prospective projects by staking or reasonable third party deals.

• After completing geological mapping, geochemical sampling and early stage geophysical surveys (i.e. the least expensive phases of exploration), projects are typically partnered with mid-tier or major mining companies who will undertake the more expensive phases of mineral exploration (e.g. diamond drilling)

• Maintaining operatorship of the project with an associated management fee provides positive cash flow for the company. A 7.5% to 10% management fee is typical

• A minority interest in the project is retained as well as a Net Smelter Return (NSR) or other royalty providing exposureto project upside

• Project generators minimize share holder dilution and drill test more targets than traditional mineral exploration companies

Project acquisitions

Geology, geochemistry

and geophysics

Multiple joint ventures

Partner funded drill testing on multiple projects

Discovery

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More targets tested = improved chance of exploration success!

Projects

• ArcWest has acquired large land positions in several B.C. mining districts including the Golden Triangle, Toodoggone, Quesnel Trough, Skeena Arch and northern Vancouver Island. All contain strong discovery potential and are in proximity to significant producing or past producing mines.

• Eight 100% owned projects comprise over 800 square kilometers of mineral claims:

Oweegee: Cu-Au porphyry, VMS

Todd Creek/Poly: Cu-Au porphyry, VMS

Willoughby: high grade Au-AgLetter of Intent signed for property purchase

Sparrowhawk: Cu-Au porphyry

Oxide Peak: Cu-Au porphyry

Eagle: Cu-Au porphyry

Rip: Cu-Mo porphyry

Teeta Creek: Cu-Mo porphyry

Golden Triangle Projects: Todd Creek, Oweegee, Willoughby

• The Golden Triangle is one of the world’s richest gold-copper metallotects, with both high grade Au-Ag epithermal and VMS (Eskay Creek, Brucejack, Snip) and large tonnage Au-Cu porphyry deposits (KSM, Galore Creek, Red Chris)

• Numerous discoveries in recent years have underlined the continued prospectivity of the district (e.g. VOK, Iron Cap, Kerr Deep, North Rok and Saddle)

• Exciting exploration potential exists at surface in areas of glacial recession, and at depth, with deeper drilling defining large, higher grade extensions of known porphyry systems (e.g. Red Chris, Kerr Deep)

• ArcWest has acquired a large land position in the relatively underexplored southeastern part of the belt, where discovery potential exists for high-grade gold, polymetallic volcanogenic massive sulfide (VMS) and porphyry Cu-Au deposits

Oweegee

Willoughby

Golden Triangle Projects: Todd Creek

South Zone, Todd Creek

Golden Triangle Projects: Todd Creek

PyrophylliteVMS

Fall Creek

Orange Mtn

Waterfall

Ice Creek

Yellow Bowl

Smokin’

South Zone

Knob

Zone DDH From (m)

To(m)

Int(m)

Au(g/t)

Cu (%)

Fall Creek 88-22 29.3 41.95 12.65 7.61 1.58

Ice Creek 88-47 36.65 49.65 13.00 2.73 0.59

South 88-19 59.5 89.25 29.75 3.61 0.27

• The Todd Creek project encompasses a 3 by 12 km corridor of alteration and Cu-Au and polymetallic showings flanking a significant regional N-S structure in the Hazelton Group volcanic arc

• The corridor comprises extensive gossans and untested Cu-Au porphyry/epithermal and high grade polymetallic/VMS targets, including one of the largest untested gossans in the Golden Triangle (Yellow Bowl Zone)

• Shallow historical drilling focused on the South and Fall Creek Zones has outlined a historical resource of 207,000 t @ 5.48 g/t Au + Cu credits (Hemlo GM, 1988) at the South Zone

Shallow historical drill intercepts, Todd Creek

Golden Triangle Projects: Todd Creek Yellow Bowl Zone

Tyler Ruks at Yellow Bowl

• Volcanic rocks intruded by monzodiorite dykes are cut by east-westtrending intrusive and magmatic-hydrothermal sulfide-rich breccias over a3 km strike length

• Strongly mineralized breccias contain grades greater than 1% Cu, and upto 1.5 g/t Au

• 2018 IP survey indicates a strong chargeability anomaly at depth

• This large, extensively Cu-Au mineralized target has never beendrilled

Yellow Bowl: Cu-Au bearing sulfide breccia (a) and qtz-cpy-vein clast breccia in qtz-cb-pyrite matrix (b)

(a) (b)

Yellow Bowl: chargeability anomaly

Delta Porphyry Target, Oweegee Property

Golden Triangle Projects: Oweegee

Golden Triangle Projects: Oweegee

Hazelton Gp

Stuhini Gp

Stikine assemblage

Delta Porphyry

Target

DDH From (m) To (m) Int (m) Au (g/t) Cu (%)

96-02 3.05 73.45 70.40 0.263 0.12

Incl. 7.55 28.45 20.90 0.520 0.15

and 174.30 197.10 22.80 0.276 0.17

07-03 59.26 145.56 86.30 0.228 0.10

Incl. 80.16 95.80 15.64 0.442 0.10

• The Oweegee Project covers a structural culmination exposing the important Stuhini –Hazelton contact, a feature proximal to most large deposits in Stikine Terrane

• Large historical exploration database includes rock, soil and silt geochem, airborne mag and EM, but only limited drilling

• A 2017 stream sediment survey outlined a large porphyry-related Cu±Te anomaly in the southern part of the dome (Delta porphyry target)

• Strongly altered high level breccias and porphyry with sulfide stockworks has been intersected in multiple drill holes

• Follow up of stream sediment anomalies in 2018 discovered mineralized porphyry approximately 2 km west of previous drilling

Golden Triangle Projects: Willoughby

Golden Triangle Projects: Willoughby

• Hazelton Group volcanics and Early Jurassic Goldslide porphyry intrusions are cut by structural zones overprinted by intense sericite-chlorite-carbonate alteration with sulfide stockworks, veins and lenses

• Two dominant structural trends and their intersections control mineralization

• Gold is associated with Bi- and Ag-tellurides• At least 11 mineral occurrences have been

documented; the porphyry hosted North Zone and andesite hosted Wilby (Main) Zone have returned spectacular drill intersections

• Since the last drilling in 1996 only limited exploration (airborne survey, prospecting) has been carried outZone DDH From (m) To (m) Int (m) Au (g/t) Ag (g/t)

North 89-06 22.00 42.50 20.50 24.98 184.21

North 94-15 66.00 77.70 11.70 40.11 109.71

North 94-26 75.60 81.60 6.00 18.31 711.77

North 94-27 75.90 88.10 12.20 10.94 27.43

North 94-27 85.10 88.10 3.00 33.19 33.94

Wilby 95-51 47.80 53.70 5.90 16.32 53.83

Wilby 95-53 64.50 77.50 13.00 13.37 63.43

Wilby 96-88 140.20 151.90 11.70 8.40 1.71

Wilby 95-53 72.50 75.50 3.00 31.41 133.37

Wilby 96-88 141.50 149.90 8.40 10.77 1.71

Oxide Peak

Oxide Peak Cu-Au Project

• Grass roots project in underexplored part of the Toodoggone epithermal Au – porphyry Cu district; property is contiguous with Freeport’s JD project

• District is characterized by extensive advanced argillic alteration with untested porphyry potential with recent success targeting blind porphyry systems (Kemess East)

• Property has two exposed high level porphyry systems (Oxide Creek and Falcon) with no geophysics or drilling• Strong evidence for an untested buried porphyry system at Oxide Creek, with >12 km long zone of advanced argillic

and phyllic alteration, outcropping porphyry alteration and Cu mineralization in Oxide Creek, porphyry-style alteration and mineralization (+0.5% Cu) in DH’s east of JD (JD porphyry), strong block fault structural control (analogous to Kemess) and N-S alignment of buried mag highs

• Widespread Cu-Au quartz veins in Hazelton Gp east of McClair-Belle fault with up to 43 g/t Au and >2% Cu

Falcon Zone

Oxide Creek Zone: Potassic+ser-ch altered dacite porphyry cut by qtz-py-mt-cp stockwork

Oxide Peak Cu-Au Project

Eagle Cu-Au Project

• Alkalic porphyry Cu-Au system midway between Centerra’s Mt. Milligan Mine and Kwanika Cu-Au deposit

• Claims surround Altius Minerals’ Gibson Au-Ag project, and may contain along strike extensions of structurally hosted, high grade Au-Ag mineralization

• 0.8 x 3 km corridor of Cu-Au mineralization and widespread anomalous Cu in soils

• Limited drilling intersected significant intervals of Cu-Au-Ag mineralization:

EA91-06: 27.3m 0.87% Cu, 0.32 g/t Au, 3.9 g/t AgEA91-12: 17.9m 0.82% Cu, 0.47 g/t Au, 4.1 g/t AgEA91-13: 20.2m 0.56% Cu, 0.29 g/t Au, 2.8 g/t Ag

High grade Cu mineralization, Eagle Project

Airborne magnetic signature of the Mt. Milligan-Kwanika Cu-Au district

Eagle Project

Rip Cu-Mo Project

• Porphyry Cu-Mo±Au prospect located in the Skeena Arch, hosted by Bulkley aged (Late Cretaceous) porphyries intruding Hazelton Group volcanics and sedimentary rocks

• Excellent road access in a productive part of the arch containing past producers (Huckleberry, Silver Queen, Equity) and significant resources (Berg, Poplar, Seel/Ox)

• Previous work by Kennco (1975-81) has outlined a 2.2 by 0.6-1.2 km untested target, with coincident high chargeability, anomalous Cu and Mo, and strong QSP alteration and quartz stockwork

Intense quartz-sulfide stockwork veining

Rip

Altered porphyry

• In January 2019, Sojourn acquired a large land position in the center of the Babine Porphyry Belt, an accessible belt of Eocene porphyries which includes two past producing mines (Bell and Granisle) and three developed prospects with resources (Morrison, Hearne Hill, Dorothy)

• Till and lake sediment anomalies define dispersal trains with 95th and 98th percentile Cu geochem anomalies (along with other key elements) and have never been systematically followed up

• Compilation of historical rock and soil sampling indicates that three mineralized trends have been outlined to date: Sparrowhawk, DCA and BFP

• The most significant of these is the Sparrowhawk trend, which can be traced for three kilometers, and includes outcrops of high grade breccia and vein mineralization with up to 3.25% Cu and 1.39 g/t Au

BABINE PORPHYRY BELT

Sparrowhawk Trend

Sparrowhawk Cu-Au Project

Teeta Creek Cu-Mo Project

Logging road gossan

Teeta Creek Cu-Mo Project

• A northern Vancouver Island porphyry system with significant historical drill intercepts (e.g. 0.35% Cu / 67m, S75-1); untested since 1976

• Mining giant Freeport McMoRan has optioned nearby Pemberton Hills porphyry Cu-Au project

• New logging roads provide excellent exposures of gossanous, altered and mineralized porphyry and breccia, extending system at least 800 m beyond historical drill holes in valley; open in all directions

• Intense alteration and quartz-chalcopyrite-molybdenite veining in new exposures

• Part of newly discovered Miocene porphyry belt (5-7 Ma) south of Island Copper

Diorite and feldspar porphyry cut by multiphase quartz-chalcopyrite-molybdenite stockwork; Teeta Creek project

Past producing mines and significant deposits, northern Vancouver Island

Red Dog

Hushamu

Island Copper

Yreka

Merry Widow

Benson Lake

Teeta Creek

Bonanza volcanics

Karmutsen basalt

Canada - U.S.A. Exploration Opportunities

• ArcWest has a well developed pipeline of exploration stage porphyry copper-gold and epithermal gold-silver projects for potential acquisition in 2019, including opportunities in Canada and the USA

• ArcWest has conducted field evaluations for several of these projects, and has built positive relationships with the property owners

• Ground associated with these projects is typically privately held by third parties (often individuals)

• Several of the projects have robust exploration databases and shallow, historic drill holes with significant intercepts that could represent immediate targets for follow-up drilling

• ArcWest has been offered access to a proprietary base and precious metals exploration database by the previous manager of a notable USA exploration group

Terrane map of the North American Cordillera (USGS)

Plans for 2019

• Steam sediment survey follow up: Follow up of stream sediment anomalies has resulted in the discovery of new porphyry copper occurrences, significantly increasing the footprint of porphyry copper-gold systems on the properties.

• Geophysics: Preliminary IP was completed at both the Todd Creek and Oweegee projects; a significant chargeability target anomaly was outlined at the Yellow Bowl Zone at Todd Creek.

• Geological mapping and sampling: Geological mapping at Todd Creek has outlined new zones and provided a robust structural model for exploration, geochemical sampling has documented a broad zone of high grade Cu and Au related to sulfide-rich breccias at the Yellow Bowl Zone. Thin section petrography at Oxide Peak has identified porphyry style veining and alteration in the Oxide Creek Zone.

• Property tours: Confidentiality agreements have been signed with multiple mining companies and property tours were conducted in September; partnership discussions for multiple projects are ongoing.

• Drilling: Phase 1 drilling campaigns for the several of the projects are planned for 2019

Results from the 2018 exploration program and historical work suggest ArcWest’s project portfolio has significant potential for a porphyry copper-gold discovery. The following exploration was conducted during the 2018 season:

Company Information

16%

16%

47%

13%

8%

Seven Devils Exploration

Millrock Resources

$0.10 Private Placement 2018

$0.15 Private Placement 2017

Pre‐existing

• 60 million shares outstanding

• 32% held by Seven Devils Exploration and MillrockResources

• $0.10 private placement in 2018 conducted with several well-known supporters of the project generator model

• $1.4 million cash

• Ongoing negotiations with multiple mining companies for 2019 partner funded exploration