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A PREMIER PROJECT GENERATOR METAL INVESTOR FORUM JANUARY 2018 Mirasol Resources Ltd. 910-850 West Hastings Street Vancouver, BC, Canada V6C1E1 (604) 602-9989 www.mirasolresources.com TSXV - MRZ For further information contact: Stephen Nano / Jonathan Rosset

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Page 1: A PREMIER PROJECT GENERATORmirasolresources.com/wp-content/uploads/2018/01/MRZ_MIF_2018011… · Mirasol Resources Ltd. 910-850 West Hastings Street Vancouver, BC Canada V6C 1E1 (604)

Mirasol Resources Ltd.910-850 West Hastings StreetVancouver, BCCanada V6C 1E1(604) 602-9989www.mirasolresources.comTSXV - MRZ

A PREMIER PROJECT GENERATORMETAL INVESTOR FORUM – JANUARY 2018

Mirasol Resources Ltd.910-850 West Hastings StreetVancouver, BC, Canada V6C1E1(604) 602-9989www.mirasolresources.comTSXV - MRZ

For further information contact:Stephen Nano / Jonathan Rosset

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Cautionary Statement

This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other thanstatements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and events or developmentsthat the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and aregenerally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similarexpressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling resultsand information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of whatmight be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differmaterially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-lookingstatements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic,market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results ordevelopments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs,estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as may be required byapplicable law.

This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadiansecurities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), however the US Securities and ExchangeCommission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories willever be converted into reserves.

Stephen Nano, President and CEO for the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientificand technical information in this presentation.

MIRASOL RESOURCES

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Macro Supply/ Demand Drivers for the Project Generation Model

• Completed a countercyclical portfolio building process• Upturn in exploration spend from Majors• Improving commodity prices (Gold and Copper)• Strong demand for quality exploration projects

Majors

Copper Price Gold Price

Mirasol is positioned to accelerate drilling on its portfolio projects via JV model

Exploration Budgets by Location, 2008 – 2017Latin America, US$M

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9 Deal Ready Project Clusters

19 early stage pipeline projects

Focus: Chile and Argentina – Gold / Copper / Silver

4

Partner funded Minimum budget over

12 monthsATACAMA PUNA

GENERATIVE REGION

SANTA CRUZ GENERATIVE REGION

Argentina: Claudia – OceanaGold

Argentina: La Curva – OceanaGold

Chile: Gorbea – Yamana Gold

Chile: Altazor – Newcrest MiningCAD $ 7.8M

8,000mdrilling

Business Development emphasis to

accelerate on new JV Deals

2015

2017

2017

2017

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Chile Project Portfolio

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Chile: World-Class Belts /Strong Deals / Gold – Copper – Silver

6Approximate contained metal reserves & resources

Belt Target

Paleocene High grade Gold - Silver

Eocene-Oligocene Porphyry Copper

Mio-Pliocene Oxide Gold

JV Option Agreements Partner

Gorbea Yamana Gold

Altazor Newcrest Mining

Deal Ready Projects Commodities

Zeus Gold

Rubi Copper

Odin Copper

Taltal

Copiapo

El Penon

El Guanaco

Inca de Oro

Relincho

ArgentinaChile

Antofagasta

100km

Taca Taca12MT Cu

Taltal

Antofagasta

ChuquicamataCluster

Copiapo

Potrerillos

Gaby

El Salvador

EscondidaCluster

100km

ArgentinaChile

Salares Norte3.3 Moz Au42.1 Moz Ag

Veladero

Chile

Alturas6.8 Moz Au

La Coipa

Argentina

100km

Gorbea JVYamana Gold

Altazor JVNewcrest Mining

Zeus

Paleocene Igneous Belt Oligocene Igneous Belt Miocene Igneous Belt

Significant Au Deposit Significant Cu Deposit

Under JV Deal Ready Pipeline

Targeting Giant Gold / Copper deposits

Odin

Rubi

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Carried to Production

Feasibility Study + Decision to Mine

Gorbea – Yamana JV - Atlas Gold Silver Mio-Pliocene Belt Chile

7

US$ 10M Exploration Expenditures US$ 2M cash payments

4 years 3 years

51% 75%3% NSR Royalty

conversion

Strong deal targeting multimillion ounce Oxide Gold discovery

Confirmed presence of a large, deeply oxidized and strongly mineralized HSE gold system

Partner-funded drilling in progress

Year Third year of Drilling – Results and Activity

2016 1.38 g/t Au and 17.9 g/t Ag over 40 m,including 1.82 g/t Au and 22.0 g/t Ag over 28 m

2017 1.07 g/t Au over 114 m, including 2.49 g/t Au over 36 m

2018 2,500 m drill program in progress

* Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2016.

Mantos Blancos

Chimborazo

EscondidaEl Peñon

Taca Taca

Gaby

Antofagasta

Argentina

Chile

Taltal

5

475

23

Chañaral

Socaire

La Coipa

Potrerillos

El Salvador

Inca del Oro50 km

Nueva Esperanza

Altazor JVNewcrest Mining

22,900 ha

Gorbea JVYamana Gold

23,000 ha

MRZ Odin Cu Project

MRZ Rubi Cu Project

Salares Norte*3.8 Moz Au,43.8 Moz Ag

MRZ Zeus Project 18,650 ha

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Participating Interest

Altazor – Newcrest JV: New deal in Chile

8* Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2016.

Funded Interest PEA$650k cash

US$ 10M Exploration Expenditures$600,000 option payments

5 years 4 years

51% 75% 80%

FS$650k

65%

+funding

New deal with Major Gold Producer

Targeting multi-million ounce HSE gold deposit

Partner-funded US$ 1.5M exploration program in progress

Characteristics Results Recent HSE Discoveries

Age Dating 7.8 Ma in key age bracket

Alteration Steam heated cap, advanced argillic alteration, silicificationand local vuggy quartz

Breccia Multiple breccia complexes developed over a 5 x 1.8 km area

Mineralization Significantly anomalous gold, silver, copper, lead, zinc

Mantos Blancos

Chimborazo

EscondidaEl Peñon

Taca Taca

Gaby

Antofagasta

Argentina

Chile

Taltal

5

475

23

Chañaral

Socaire

La Coipa

Potrerillos

El Salvador

Inca del Oro50 km

Nueva Esperanza

Altazor JVNewcrest Mining

22,900 ha

Gorbea JVYamana Gold

23,000 ha

MRZ Odin Cu Project

MRZ Rubi Cu Project

Salares Norte*3.8 Moz Au,43.8 Moz Ag

MRZ Zeus Project 18,650 ha

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Zeus – New High-Sulfidation Epithermal Gold Project

9

Zeus Alteration Facies andRock Chip Gold Assays onGrid of Rock Chip Arsenic

Approx. 180m x 150m zone - 38 samples with gold assays in the range 0.1 to 1.276 g/t Au

Post mineral cover

Dacite lava/dome?

Post mineral cover

Up to 1.3 g/t Au, silica-pyrite altered, matrix supported polymictic breccias

Vuggy quartz + jarosite in brecciaup to 0.5 g/t Au

New Project – no drilling

3rd district scale project in the belt

Strong interest from precious metal Majors

• 40 km ESE of the multimillion ozSalares Norte by Gold Fields

• Large-area Au target in the prospective belt: 18,480 ha of contiguous claims

• Hosts two breccia-hosted gold targets – the Artemisa and Apollo prospects.

• Gold grades from rock chip sampling of up to 1.28 g/t Au

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MIRASOL RESOURCES LTDFocused on gold & silver discovery

Santa Cruz Project PortfolioArgentina

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Argentina: Large Portfolio / Strong Deals / High Grade Gold - Silver

11

Building on Discovery Successesin Santa Cruz

JV Option Agreements Partner

La Curva OceanaGold

Claudia OceanaGold

Deal Ready Projects Commodity

Nico Silver - Gold

Virginia Silver

Indicated mineral resource of 11.9 million ounces of silver at 310 g/t and a further inferred 3.1 million ounces of silver at 207 g/t 1.

1 Amended Virginia Initial Silver Mineral Resource Estimate, February 29, 2016

Santa Cruz Province

Argentina

Chile

50 km

GobernadorGregores

San JorgeOilfieldLas Heras

PuertoDeseado

Fitzroy

PeritoMoreno

San Julian

San JoseHochschild/McEwen Mining

Cerro NegroGoldcorp

JoaquinPan American Silver

VirginiaMirasol Resources

Manantial EspejoPan American Silver

MarthaHunt Mining

Cerro VanguardiaAngloGold/Formicruz

8.6 Moz Gold &~135 Moz Silver

Cerro MoroYamana Gold

Las CalandriasSandstorm Gold

Don Nicolas ProjectMinera Don Nicolas SA

Cap-OestePatagonia Gold

COSEPan American Silver

RoadTown

Au/Ag Mine/ResourceAg Mine/Resource

Jurassic Volcanics

Claudia JVOceanaGold

LEGEND

Bajo Caracoles

Virginia

Sascha

Homenaje

Nico

Espejo

Tres Norte

Marita

Libanesa

Morito

Julio

Zoe

Los Loros

La Curva JVOceanaGold

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Mirasol / OceanaGold – New Joint Ventures in Argentina

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Participating Interest Funded Interest

PEAUS$ 7M Exploration Expenditures$1.25M option payments

4 years 4 years

51% 70%

La Curva

75%

FS

60%+

fund

Min

e De

cisio

n

65%

Participating Interest Funded Interest

PEAUS$ 10.5M Exploration Expenditures$1M option payments

4 years 4 years

51% 70% 75%

FS

60%

Min

eDe

cisio

n

65%

Two strong deals reflecting the strength of the projectsCombined US$3M and 6,000m of Drilling First Drilling program completed at La Curva – result pendingDrilling planned to start at Claudia in March 2018

+fund

Cerro Vanguardia8.9 Moz Gold &~137 Moz Silver(approximate reserves and historic production)

10km

Claudia Project

2.5km

*Gold Equivalent = Gold + Silver / 60

OutcroppingGranite Block

La Curva Project

US$ 1.25M spend, 3000m Drilling, 100k option payment

Claudia US$ 1.75M spend, 3000m Drilling, 100k option payment

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2500 m

Nico – New District Scale Target with Bonanza Grades at Surface

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1 to 103.130.5 to 10.25 to 0.50.1 to 0.250.05 to 0.10 to 0.05Below detection

Rock chip geochemistry Gold Equivalent g/t(Au+(Ag/60))

Newly recognized outcropping Silver-Gold district 3 prospects identified to date Bonanza grade rock chips at surface JV partner search in progress

• Within trucking distance to nearby mines

• Large land package: 53,000 ha

• Intermediate Sulfidation Epithermal target• Multiple prospects with mineralized vein-breccia

zones• Peak grades from rock chip sampling:

• Gold: up to 35 g/t• Silver: up to 6,000 g/t

EndeavourBest Drill Intercept

8.25m @ 0.43 g/t Au and 37 g/t AgInc. 1.25m @ 2.17 g/t Au and 197 g/t Ag

New - ResolutionPeak Rock Chip Assay

4.79 g/t Au - 833.2 g/t Ag

New- AuroraPeak Rock Chip Assay

23.29 g/t Au - 856.9 g/t Ag

Nico Property Boundary

Nic

o Pr

oper

ty B

ound

ary

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News Flow and Summary

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Mirasol Resources Looking Ahead – News Flow

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• Results from 2,500m drilling program at Atlas – Titan targeting giant HSE gold deposit – In Progress

• Results from 2,500m drilling at La Curva – targeting a high grade gold and silver deposit

• Exploration results at Claudia and planned 3,000m of drilling in Q2 2018

• Exploration results from the Altazor US$1.5m surface program and drill targeting effort

• Aggressive business development strategy for deals on JV ready projects:• Zeus Gold• Nico Silver - Gold• Rubi Copper• Odin Copper• Virginia Silver

• Exploration results from Mirasol at gold and copper pipeline projects

Strong news flow from exploration and business development initiatives

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Project Generator focused on gold, silver and copper discoveries in Chile and Argentina

• Well funded C$ 21 M cash (Sept 30, 2017)

• Conservative capital structure • 49 M shares outstanding• 3 M Stock options outstanding

• Aligned interest with +30% insider position

• Leading-edge technology and discovery team

• Multiple Active JVs – strong partners, strong projects, strong deals

• Large portfolio of drill-ready projects

• Pipeline of early stage projects in Chilean / Argentine world-class mineral belts

Mirasol Resources – Corporate Summary

16

Capi

tal S

truc

ture

Port

folio

Skill

s

Positioned to maximize value creation for shareholders

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MIRASOL RESOURCES LTDPOSITIONED TO DELIVER SHAREHOLDER VALUE CREATION

THROUGH DISCOVERIES

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