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CHILE / ARGENTINA GOLD / SILVER / COPPER A PREMIER PROJECT GENERATOR Focused On The Next Discovery TSX.V: MRZ mirasolresources.com Booth 32 SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp. Dev. Manager

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Page 1: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

CHILE / ARGENTINA

GOLD / SILVER / COPPER

A PREMIER PROJECT GENERATORFocused On The Next Discovery

TSX.V: MRZ

mirasolresources.comBooth 32

SPROTT NATURAL RESOURCE SYMPOSIUM 2018For further information, contact:

Stephen Nano, CEO

Jonathan Rosset, Corp. Dev. Manager

Page 2: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

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.

All material project information in this presentation has been previously disclosed to the public by Mirasol.

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

Page 3: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Portfolio Overview: Large High Caliber Gold – Silver – Copper Project Portfolio in Chile and Argentina

3

Partner-funded exploration work:

FY 2017/2018

→ Aggressive Drilling Planned for

FY2018/19

Argentina: Claudia JV – OceanaGold

Argentina: Curva JV – OceanaGold

Chile: Altazor JV – Newcrest Mining CA$ 9.1M2017

2017

2017

Chile: Zeus JV – Newcrest Mining 2018

10 Drill Ready Property PackagesChile and Argentina

25 early stage pipeline projects

Business Development emphasis on new JVs

+Self funded Exploration

Strategy500 km

ATACAMA PUNA GENERATIVE REGION

SANTA CRUZ GENERATIVE REGION

JV Project

Deal Ready /Pipeline Project

Page 4: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Strategy: Accelerating drill testing and the Path to Discovery

4

REW

AR

D (

de

po

sit

siz

e,

reta

ine

d in

tere

st)

RISK ($ to test, time, target type)

Mirasol Expanded Exploration Strategy

Self Funded Exploration on select projects

JV Model on Large Scale

Targets

JV Model on smaller scale

targets

Traditional Exploration

model

Expanded Exploration Strategy in place:

→ Retain the Project Generator Model as a central pillar of the business philosophy

→ Self funding of high grade / infrastructure advantaged / lower risk projects

→ Partner funded drill testing of large-scale, high risk / high reward projects

20 to 30%

3 Moz +

100%

1 to 3 Moz

Partner fundedJV Model

Mirasol funded exploration

Mirasol Retained Project

Funding in place:

→ Completed $8.6M Placement in June 2018 (70% over-subscribed)

→ C$25M in bank (June 30, 2018)

Page 5: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Exploration Activities FY2018-2019 → DRILLING focussed

Altazor Newcrest JV Targeting / planning

Zeus Newcrest JV Targeting / planning

La Curva OceanaGold JV Targeting / planning

Claudia OceanaGold JV Targeting / planning

Nico Mirasol Surface + Drilling

Libanesa Mirasol Surface + Drilling

Sascha Mirasol Surface Exploration

Chilean Pipeline Mirasol Surface Exploration

5

PROJECTS

Potential for up to

6 Drill

programs FY2019

+ Surface exploration in both countries

→ Funding and Partners in place to deliver aggressive exploration programs this year→Opportunity for investors to gain exposures to news flow from exploration

Page 6: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Business Development Focus: Focused on Delivering Flow of New Deals

Previous Partners

6

Current Partners

→ Large Portfolio of high calibre projects – the focus of our Business Development initiative → Track record for strong deals with quality partners on our projects in Chile and Argentina

4 partner funded Projects8 partner funded Projects→ 1 discovery / 7 returned without retained interest by partner

Arge

ntin

aC

hile

Page 7: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Mirasol Projects: Extensive Gold – Silver - Copper Portfolio in World Class Mining Belts

7

4 JV agreements with producers: Altazor, Zeus, La Curva, ClaudiaTargeting large scale discoveries

Extensive Portfolio of Drill Ready Projects in Chile and Argentina – Odin, Rubi, Gorbea, Nico, Virginia/Sascha, Homenaje/Espejo, Libanesa, Indra, Amarillos, IDO Gold

Pipeline Projects includes leading position in the Prospective Mio-Pliocene mineral Belt

Argentina: Santa Cruz Au + Ag 13 Projects / 420,000 ha

La Curva JV

OceanaGold

Claudia JV

OceanaGold

Taltal

Copiapo

El Penon

El Guanaco

Inca de Oro

Relincho

Argentina

Chile

Antofagasta

100km

Taca Taca12MT Cu

Taltal

Antofagasta

ChuquicamataCluster

Copiapo

Potrerillos

Gaby

El Salvador

EscondidaCluster

100km

Argentina

Chile

Salares Norte3.7 Moz Au

49.5 Moz Ag

Veladero

Chile

Alturas6.8 Moz Au

La Coipa

Argentina

100km

Zeus JVNewcrest Mining

Altazor JVNewcrest Mining

Gorbea

Paleocene Igneous Belt Oligocene Igneous Belt Miocene Igneous Belt

Significant Au Deposit Significant Cu Deposit

Odin

Rubi

CentinelaCluster

MaricungaBelt

El IndioBelt

Chile: Paleocene Au + Ag8 Projects / 32,100 ha

Chile: Oligocene Cu5 Projects / 41,100 ha

Chile: Mio-Pliocene Au + Cu24 Projects / 125,400 ha

Indra

Amarillos

IDO Gold

Antofagasta

Iquique

Copiapo

Page 8: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

8

Partner Funded Exploration

Page 9: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

MRZ Funded Interest 25%

Joint Ventures: Newcrest Mining Targeting Large High Sulfidation Gold Deposits in Chile

9* Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2017.

MRZ Partner Funded Interest 20% PEA

$650k cashUS$ 10M Exploration Expenditures

$600,000 option payments

5 years 4 years

51%75%

80%

FS$650k

65%

+funding

→Two Deals in Chile with a Major Gold Producer

→Targeting district scale multi-million ounce High SulfidationEpithermal (HSE) gold deposits

→Completed surface exploration in both projects in first 7 months of JVs totalling CA$2.3M

Mantos Blancos

Chimborazo

Escondida

El Peñon

Taca Taca

Gaby

Antofagasta

Argentina

Chile

Taltal

5

475

23

Chañaral

Socaire

La Coipa

Potrerillos

El Salvador

Inca del Oro

50 km

Nueva Esperanza

Altazor JVNewcrest

MiningMRZ Odin Cu Project

MRZ Rubi Cu Project

Salares Norte*3.7 Moz Au,49.5 Moz Ag

Zeus JVNewcrest

Mining

MRZ Funded Interest 25%

MRZ Partner Funded Interest 20% PEA

$ 500k cashUS$ 9.5M Exploration Expenditures

$500,000 option payments

5.5 years 4 years

51%75%

80%

FS

65%

+funding

Altazor US$ 1.5M spend over 12 months, 100k option payment

Zeus US$ 1.5M spend over 18 months, 100k option payment

Gorbea Au Projects100% owned

Mirasol’s Project Equity

Mirasol’s Project Equity

Page 10: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Newcrest Mining Chile: Zeus JV Project Initial Surface Exploration Program Completed May 2018

10

→Targeting multi-million ounce gold deposit

→Partner-funded surface exploration completed in first 6 months (May 2018) of JV totalling CA$0.8 M

→Data analysis in progress for drill decision in July

Characteristics• 40 km ESE of the multimillion oz Gold Fields Salares Norte discovery • Large-area Au target: 18,480 ha of contiguous claims • Two breccia-hosted gold targets – the Artemisa and Apollo • Gold grades from rock chip sampling of up to 1.28 g/t Au

Program completed the end of May 2018• Detailed mapping and rock chip • Systematic soil sampling geochemistry • CoreScan alteration mapping• 32 line-km of Controlled Source Audio-Magnetotellurics (CSAMT)

geophysics

Zeus 1st Floor claims Prospects

ArtemisaBreccia

ApolloBreccia

5 km

Zeus Project

18,480 ha

Esri World Image

Page 11: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Newcrest Mining Chile: Altazor JV Project Initial Surface Exploration Program Completed June 2018

11

→Targeting multi-million ounce HSE gold deposit

→Partner-funded CA$1.5M surface exploration program completed first 7 months (June 2018) of the JV

→Data analysis in progress for drill targeting

Characteristics• 7.8 Ma in key “fertile” age bracket → Pascua,

Veladero, Salares Norte giant HSE Gold Deposits• Extensive (70km2) steam heated cap, advanced

argillic alteration, silicification and local vuggy quartz• Multiple breccia complexes mapped• Anomalous gold, silver, copper, lead, zinc in

prospective geological setting

Program completed to the end of May 2018• Detailed mapping and rock chip • Systematic soil sampling geochemistry • CoreScan alteration mapping • Ground Magnetic coverage• 66 line-km of CSAMT geophysics

Altazor Project22,900 ha

Altazor Core

QuebradaAlunita

La Puerta Purichari

Centinela E

Pirofilita

QuebradaSulfuros

Base Image: ALOS DSM

500 m

Legend

Monzodiorite

Polylithic Breccia

Alluvium Colluvium Pre/syn- altered volcanics (dacitic)

Eplicastic Rock

Dacite (A)Dacite Tuff (F)

Dacite (P)Volcanic Breccia/Tuff

Geology

Altazor Property

Page 12: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

OceanaGold Argentina: Targeting High Grade Low SulfidationGold – Silver in Argentina

12

La Curva

4 years 4 years

→ 2 strong deals with successful producer → OceanaGold (OGC)

→ Targeting Standalone high grade Gold and Silver deposits

→ Combined spend JV spend of CA$3.9M for first 12 months

• First drilling program completed at Curva: Results released phase II drill planned for Southern Hemisphere spring 2018

• First phase of drilling at Claudia completed – results pending

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

10km

Claudia Project

2.5km

*Gold Equivalent = Gold + Silver / 60

LA CASTORA TREND

La Curva Project

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

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

CURVA WEST

RIO SECO

CELINE

CURAHUE

MRZ Funded Interest 30%

MRZ Partner Funded Interest 25% PEA

US$ 7M Exploration Expenditures$1.25M option payments

4 years 4 years

51% 70%75%

FS

60%

+fund

Min

e D

ecis

ion

65%

MRZ Funded Interest 30%

MRZ Partner Funded Interest 25% PEA

US$ 10.5M Exploration Expenditures$1M option payments

51% 70% 75%

FS

60%

Min

eD

ecis

ion

65%

+fund

Claudia

Mirasol’s Project Equity

Mirasol’s Project Equity

Page 13: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

“Yellow” hydrothermal breccia (qtz-jar-alu-bar-Au) high grade

Mirasol Project Chile: Gorbea – 23,000 ha in 9 projects, drilling only at Atlas and Titan → New JV Partner Project Evaluations In Progress

→ Previous JV Partner spend of CA$10 M on the properties and drilled 11,640 m

→ 650 x 200 x 125 m body of gold mineralization identified

→ 100% MRZ owned (no retained interest)

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

→ Large-area Au target in the prospective belt → Under-explored opportunity

→ Comprehensive review of data and new partner search initiated

Phreatomagmatic breccia

2017 Drill hole

Porphyritic andesite / Lithic crystal dacitic tuff

L

V

Colluvium

Inferred geological contact

Hydrothermal breccia complex with vuggy silica (qtz-alu±cream silica)

2016 Drill hole

Figure Modified from: 13

Four drill intercepts outlined a 650 x 200 x 125 m body gold mineralization:

• CLATDH0015 – 114.1m @ 1.07g/t Au incl. 36m @ 2.49 g/t Au• CLATRD0007 – 40m @ 1.38g/t Au and 17.9g/t Ag incl. 28m @ 1.82g/t Au and 22.0g/t Ag• CLATRD0010 – 54m @ 0.35g/t Au and 5.5g/t Ag incl. 10m @ 1.02g/t Au and 6.2g/t Ag• CLATDH0016 – 45.8m @ 0.32 g/t Au

ASTER Alteration

Alunite

Chlorite

Epidote

Illite

Kaolinite

Pyrophyllite

MRZ GorbeaGold Belt Claims

MRZ GorbeaGold Belt HighLow

Ground MagneticsReduced-to-Pole (RTP) Grid

ATLAS

TITAN

EL DORADO

SIRIO

VENTURA

ORIONALTAMIRA

ALDEBARAN

10 km

DANAY

VV

V

L

L

L

L

L

V

V

V

V

V

V

V

LL

L

L

LL

3800

4200

71

93

20

0

71

93

00

0

V

L

?

L

V

V

V

71

92

80

0

CLATRD0007CLATRD0010

“Steam Heated Zone” Prospect

CLATDH0016NW

42m @ 0.15 g/t Au

45.8m @ 0.32 g/t Au

L

L

V

V

V

V

V

V

V

4000

?

V

V

CLATDH0015

SE

UntestedTarget

NW block up

114.1m @ 1.07 g/t AuIncluding 36m @ 2.49 g/t Au OPEN System

Page 14: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

14

Mirasol Funded Exploration - Argentina

Page 15: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

50 km

Gobernador

Gregores

Las Heras

Puerto

Deseado

Fitzroy

Perito

Moreno

San Julian

San JoseHochschild/McEwen Mining

Cerro NegroGoldcorp

MarthaHunt

Mining

Cerro VanguardiaAngloGold/Formicruz

COSEPan American

Claudia JVOceanaGold

Bajo

CaracolesVirginia

Sascha

Nico

La Curva JVOceanaGold

Joaquin Pan American

HomenajeDon NicolasCiminas

Espejo

Cerro MoroYamana Gold

Mirasol Exploration Argentina: Large Portfolio of High Grade Gold -Silver Projects

15

Santa Cruz

Province

Argentina

Chile

→ Mining Friendly province 7 >> 8 operating mines

→ Mirasol’s leading project portfolio in Santa Cruz

→ 13 Gold - Silver properties totalling + 400,000 ha• 2 JVs with strong partner - OceanaGold• 4 additional Drill Ready projects• Large Pipeline of early stage projects

• Mirasol Exploration focused on near mine high grade projects → infrastructure advantage

• Nico and Libanesa projects: Drill Test planned for southern hemisphere spring – summer FY2018-19

Libanesa

Manantial EspejoPan American Silver

TranquiloPatagonia Gold

Road

TownAu/Ag Mine/Resource

Ag Mine/Resource

Jurassic Volcanics

LEGEND

Under Joint VentureJV/Drill Ready Pipeline

MRZ PropertiesProcessing Plant

Trucking radius to operating mines

Projects with Drill targets

Page 16: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Gold Equivalent = Gold + (Silver / 60)

Aurora

Vittoria

EndeavourResolution

Martha resource at same scale → 700 m strike 20.8 million oz Ag

& and 26,729 oz Au 1

→Avg. Ag grade = 1087.6 g/t Ag→Avg. Au grade = 1.39 g/t Au

1500m

Nico Project73,200 ha Resolution

Prospect

Aurora and Vittoria

Prospects

Endeavour Prospect

5.0 to 103

2.5 to 5

2.0 to 2.5

Rock Chip Assays Gold Equivalent Au+(Ag/60)

1.0 to 2.0

0.5 to 1.0

0 to 0.5

Target area fordetailed exploration

ResT1

→ High grade intermediate sulfidationepithermal silver-gold district

→ Within trucking distance to nearby mines

→ 3 new prospects identified to date Aurora, Vittoria, Resolution

→ Initial drill test planed for Q4 2018

• Large, under explored land package: 78,000 ha

• 12 targets zones identified by high grade silver – gold vein-breccia rock chip assays

• Peak grades from rock chip sampling: up to 35 g/t Au; Up to 6,000 g/t Ag

Mirasol Drill Test: Nico Project, New District Scale Bonanza Grade Silver - Gold District

1 2002-2012 Martha production figures derived from Coeur D’Alene Annual Reports, 2002-2012.

Page 17: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

17

→ 1.8 km long vein zone: Priority target high grade silver- gold mineralization

→ Bonanza grade silver – gold assays from systematic rock chip sampling of coliform banded veins over 1.2km long sections of main vein breccia

• Better assays from oxidised veins includes:

• 2,332.3 g/t Ag and 9.62 g/t Au (48.49 g/t AuEq60)

• 1,484.7 g/t Ag and 8.15 g/t Au (32.89 g/t AuEq60)

• 1,435.9 g/t Ag and 1.37 g/t Au (25.30 g/t AuEq60)

• Resolution assay to be reported / pending for parallel structures and Channel sampling

• Prospective down dip electrical IP electrical geophysical anomaly

Mirasol Drill Test: Nico Project, Resolution Prospect – Bonanza Grade Gold - Silver

Geology

Au/Ag Vein Trend

Interpreted Structure

Salt Pan/Alluvial

Soil Cover

Porphyritic Sub-volcanic Dacite

Basalt Capping Flows

Hydrothermal Alteration

Strike and DipMeasurement

↑ Post Mineral

5.0 to 103

2.5 to 52.0 to 2.51.0 to 2.00.5 to 1.0

Rock Chip Assays Gold Equivalent Au+(Ag/60)

0 to 0.5

x Samples pending

xResolution recon sampling (previously reported)

500 m

58o

56o

58o

60o

78o

61o

250 m

N

Salt Pan

Soil Cover

Sub-VolcanicDaciteSoil Cover

Sub-VolcanicDacite

458.9 g/t Ag,12.28 g/t Au,

19.9 g/t AuEqRock chip float

1,484.7 g/t Ag 8.15 g/t Au,

32.9 g/t AuEqRock chip float

1,435.9 g/t Ag,1.37 g/t Au,

25.3 g/t AuEqRock chip outcrop

2,332.3 g/t Ag9.62 g/t Au,

48.5 g/t AuEqRock chip float

1,275.5 g/t Ag,4.92 g/t Au,

26.2 g/t AuEqRock chip subcrop

2,954.5 g/t Ag0.08 g/t Au,

49.3 g/t AuEqRock chip subcrop

266.5 g/t Ag3.92 g/t Au,

8.4 g/t AuEqRock chip outcrop

602.1 g/t Ag,0.03 g/t Au,

10.1 g/t AuEqRock chip float

362.2 g/t Ag,2.20 g/t Au,

8.2 g/t AuEqRock chip outcrop

Resolution1.2km section ofMain Structure Zoom

Page 18: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Mirasol Drill Test : Nico Project, Resolution Prospect 1.4 km long IP Geophysical Anomaly

→ Geophysical survey outlined a 1.4 km long chargeability anomaly down dip of high grade vein zone

→Magnitude of 8 to +25 msecanomaly typically indicates sulphide

• Suggest potential for significant sulfide mineralization down dip of high grade vein-breccias

• Priority drill target planned for southern hemisphere spring 2018

18

Page 19: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Mirasol Drill Test: Nico Project, Aurora Silver – Gold Prospect Reconnaissance Rock chip Sampling

19

→ Aurora Prospect: priority targets for high grade gold - silver mineralization

→ 4 x 2 km area with multiple vein trends defined by high grade rock chip assays

• 1113 rock chip samples assays up to 35.09 g/t Au and 2,095.9 g/t Ag

• Assay results from initial infill rock chip sampling of once target (Ara 1) are pending

50 mBase – Quickbird Satellite Image

2.14 g/t Au – 18.3 g/t Ag

2.35 g/t Au – 6.4 g/t Ag

15.20 g/t Au – 7.8 g/t Ag7.54 g/t Au – 25.8 g/t Ag

8.63 g/t Au – 91.8 g/t Ag5.49 g/t Au – 24.5 g/t Ag

3.55 g/t Au – 1.4 g/t Ag

7.77 g/t Au – 57.4 g/t Ag4.99 g/t Au – 60.3 g/t Ag

1000 m

Inset map

Aurora Prospect

1 to 37.57

0.5 to 1

0.25 to 0.5

0.1 to 0.25

0 to 0.1

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

Vein Trend

Oxidized hydrothermal breccia assays to 8.63g/t Au, 91.8g/t Ag

7.20 g/t Au – 681.0 g/t Ag5.68 g/t Au – 593.0 g/t Ag5.30 g/t Au – 383.0 g/t Ag

Page 20: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Mirasol Drill Test: Libanesa Project, undrilled Gold - Silver - Lead Breccia Target

20

→ Priority drill target for Santa Cruz exploration plan – Maiden RC drill program planned for late 2018

→ High grade Gold-Silver- Lead breccia pipe and epithermal quartz vein targets

• Prospective radial dyke / breccia pipe setting

• Rock chip, MMI soils and AMT geophysics defined 4 prospect areas

• Rock chip assays – Silver up to 3,910 g/t and Gold up to 3.6 g/t

• Covered AMT geophysics anomalies suggest large sulphide target at depth beneath Cerro Plomo

Cerro Plomo

Radial Andesitic Dyke Swarm

0.13 g/t Au118.1 g/t Ag

2.55 g/t Au2,802 g/t Ag

3.6 g/t Au3,910 g/t Ag

0.07 g/t Au1,150 g/t Ag

2.23 g/t Au2,830 g/t Ag

0.61 g/t Au90.1 g/t Ag

250m

Page 21: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Mirasol Drill Test: Libanesa Project, Cerro Plomo Gold Silver Lead Breccia Target

Shallow conductive layer –base of oxidation or water table?

South West North East

Cerro Plomo concealed target Strong MT conductivity anomaly potentially sulfide mineralization

Cerro Plomo outcrop Breccia Target

21

Zona NE

CerroPlomo

Oculto

500m MT Depth Slice

of 2D Inversion Model

Clay PanClay Pan Clay Pan

Clay Pan

T-1 T-2 T-4 T-5

T-6

11m @ 1.21g/t Au, 13.5g/t Ag, Incl. 9m @ 1.31g/t Au, 16.0g/t Ag

6m @ 1.29g/t Au, 43.9g/t Ag

14m @ 0.66g/t Au, 32.1g/t Ag

15.5m @ 0.76g/t Au, 51.1g/t Ag

1.91g/t Au, 2050g/t Ag

2.21g/t Au, 61.4g/t Ag

4m @ 0.65g/t Au, 109.6g/t Ag, incl. 2m @ 0.95g/t Au, 208.9g/t Ag

T-32.55g/t Au, 2802g/t Ag

1.5g/t Au, 1071g/t Ag

→ Breccia outcrop remains open under cover of clay pan

→ Overlying a large AMT geophysical anomaly – sulfidetarget

• 50 x 60 m Breccia hill on edge of +500 m diameter clay pan

• Select rock chip sampling of breccia matrix with assays up to 2.55 g/t Au and 2,802 g/t Ag

• Trenching of covered edge of clay pan returned broad intervals

of anomalous Au - Ag – Pb mineralization – Open under cover

• Large AMT conductive anomaly – deeper sulfide target

Page 22: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

In Summary

Page 23: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Mirasol Resources Looking Ahead: News Flow

23

• Pending: Exploration results from Nico Resolution channel and Aurora systematic rock chip sampling

• Pending: Exploration results from the Newcrest Zeus CA$0.8 M surface exploration program

• Pending: Exploration results from the Newcrest Altazor CA$1.5M surface exploration program

• Pending: Drill results from 2,200m OceanaGold Claudia drill program

• Pending: Results from Atlas – Titan analysis

• News flow from business development strategy for deals on JV ready projects

• News flow from aggressive southern hemisphere 2018 Spring and Summer JV and Mirasol funded drilling

→ Strong News flow – both pending results and anticipated from planned FY 2019 programs→ JV partner funded drilling and exploration → Mirasol funded exploration - accelerate drill testing of our prospective portfolio → Business Development initiatives

Page 24: Focused On The Next Discovery CHILE / ARGENTINA · 2020. 4. 27. · SPROTT NATURAL RESOURCE SYMPOSIUM 2018 For further information, contact: Stephen Nano, CEO Jonathan Rosset, Corp

Mirasol Resources: Corporate Summary

24

Cap

ital

Str

uct

ure

Port

folio

Skill

s• Well-funded

• C$ 25M cash (June 30, 2018)

• Conservative capital structure • 53.7 M shares outstanding• 3.2 M Stock options outstanding• 2.2 M warrants outstanding (C$ 3.00, expiring June, 2020)

• Aligned interest with ~30% insider position

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www.mirasolresources.com

• 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

• Leading-edge technology and discovery team

30%

25%

45%

InsidersInstitutional InvestorsHNW and Retail Investors

Share Distribution