TSX: MEOTC: MPUCF I XETRA: MOP

Annual General Meeting

Toronto

June 2020

HIGH GRADE GOLD IN THE TIMMINS CAMP

TSX : ME

OTC: MPUCF; Xetra: MOPTSX : ME

Forward-Looking Statements

2

This presentation contains forward-looking information and forward-looking statements, collectively “forward-looking statements”. All

statements, other than statements of historical fact, that address activities, events or developments that the Company believes,

expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration programs,

potential mineralization, future plans and objectives of the Company, updated to the mineral resources, and the timing and results

thereof) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company

based on information currently available to the Company.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to

differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially

realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could

cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the

availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations

affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other

risks involved in the mineral exploration industry.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities

laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information,

future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements

are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be

put on such statements due to the inherent uncertainty therein.

Note: Gary O’Connor, FAusIMM is a qualified person under NI43-101 and has reviewed and approved the contents of this presentation.

TSX : ME

Overview of Moneta

3TSX : ME

Ontario Focused Gold Explorer in the Timmins Camp

Excellent Neighbourhood:

FLAGSHIP ASSETGolden Highway Project

Latest Resource in District

• Significant increase in resource

• 58% growth(1) in November 2019

• Regional scale potential

1) In the Indicated resource category. Inferred resource category increased by 40%.

• New Updated Resource

• Significant high-grade resource

• Preliminary Economic Assessment underway; results in 2020

• No royalties or encumbrances

Newmont, Pan American Silver, McEwen Mining, Osisko Mining and Kirkland Lake Gold

Moneta’s Highlights

4TSX : ME

Golden Highway Project has a Current Resource 1 of 556,500 ozs (3.82Mt @ 4.53 g/t Au) Indicated & 1,174,000 ozs (8.74Mt @ 4.31 g/t Au) Inferred

Updated November 201950% increase in contained ounces Open in all directions with excellent potential for expansion

• 100% Ownership of Major Land Package consisting of 6 Gold Projects along the Prolific Destor-Porcupine Fault Zone (DPFZ)

Existing Infrastructure to Support Future Gold Production Scenarios• Good Neighbours: Newmont, McEwen Mining, Pan American Silver, OIII

Mining and Kirkland Lake Gold

• 50% Ownership of Garrison Project JV with Kirkland Lake Gold

• Existing Infrastructure to Support Future Gold Production Scenarios

1. November 26, 2019 Micon International Limited

• No royalties or encumbrances over resources

Corporate Information

5TSX : ME

Shares Outstanding 311.5 Million 52 Week RangeHigh: $0.18Low: $0. 06

Options ($0.22)Warrants ($0.16)

15.3 Million1.5 Million

June 8, 2020

Current Share Price $0.16

Fully Diluted 328.3 Million Market Capitalization $49.8MM

Insiders have acquired shares in the last 12 months

Institutional Shareholders

Mackenzie Funds Eric Sprott

Sprott Funds K2

Dundee US Global

Analyst Coverage

Don Blyth Paradigm

George Topping IAG

Kerry Smith Haywood

Cash Position $2.9MM

Debt Nil

6 Gold Projects In The Timmins Camp

6TSX : ME

• Timmins Gold Camp has produced >80Moz Gold over the last 100 years• Canada’s most prolific gold producing camp• 150km2 land package along the DPFZ• Adjacent to operating mines with under-utilized mills• Excellent infrastructure (roads, power and local workforce)

Golden Highway Project

20km

Steady Progress through 2019

7TSX : ME

• Completed 9,600 m drill program on South West extensions• Updated mineral resource at South West• Expanded SW resource by 58% in the indicated category and by 40% in the

inferred category• Current SW resource 472,000 oz indicated and 1,057,000 oz inferred• Total resource now 0.6Moz indicated and 1.2Moz inferred• Executed exploration agreement with Wahgoshig First Nation• Completed financings for proceeds of $6.2MM• Mr. Eric Sprott increases investment in Moneta to >9%• Commenced metallurgical recovery test work• Commenced environmental base line• Added additional claims to Golden Highway Project

Updated Mineral Resource Estimate

Golden Highway Project

Golden Highway Project; 2019

8TSX : ME

South West Resource Update

Golden Highway Project• Focus on South West• Expand resource• Completed 9,600 m• 14 drill holes

2019 Program• Extended Gap veins to south• Infilled resource• Added 500,000 oz• Expanded indicated resource

by 58%• Expanded inferred resource

by 40%• Overall grade increase

Banded Iron Formation Associated Gold

Mineral Resource Estimate by Deposit

9TSX : ME

Golden Highway ProjectAs at November 2019 (Prepared by Micon International), reported at a 3.00 g/t Au cut-off

Indicated Inferred

DepositTonnes

(t)Grade

(g/t Au)Ounces

(oz)Tonnes

(t)Grade

(g/t Au)Ounces

(oz)

South West 3,239,000 4.53 472,000 7,601,000 4.32 1,056,500

WJ South 364,000 4.19 49,100 173,000 4.59 25,500

“55” Zone 216,000 5.11 35,400 327,000 4.31 45,300

WJ North - - - 265,000 3.80 32,400

Discovery - - - 108,000 4.12 14,300

Total 3,819,000 4.53 556,500 8,474,000 4.31 1,174,000

• Top capping by deposit on 1m composites varying from 6 g/t Au to 37 g/t Au• Minimum 1.50 m width. Constrained to geological wire frames • At US$1,250/oz Gold Price, 60 m search radius• Ordinary kriging, 5m x 5m x 10m parent blocks with sub-blocking• Variable bulk densities, averaging 2.78 t/m3

South West Mineral Resource Update

TSX : ME 10

November 2019 comparison with January 2019 by Category

*Includes West Block

Resource estimate by Terry Hennessy of Micon International, November 20193g/t Au cut-off

Indicated Inferred

Resource Tonnes Grade Ounces Au Tonnes Grade Ounces Au

Date (t) (g/t) (oz) (t) (g/t) (oz)

January 2019 2,007,000 4.63 298,900 5,583,000 4.21 755,800

November 2019 3,239,000 4.53 472,000 7,601,000 4.32 1,056,500

Difference + 1,232,000 + 173,100 + 2,018,000 + 300,700

Percentage + 61% + 58% + 36% + 40%

Resource: Selectivity by Cut-Off Grade

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South West Deposit; Mineral Inventory

• 7.2% of tonnes in isolated blocks removed from resource estimate• 5.4% of ounces in isolated blocks removed from resource estimate

See NI 43-101 technical report dated February 2019 for details

Unclassified Mineral Inventory

Cut-off Tonnes Grade Ounces

(g/t) (t) (g/t) (oz)

5.00 2,377,000 6.56 501,200

4.50 3,302,000 6.04 641,600

4.00 5,177,000 5.40 898,700

3.50 7,872,000 4.83 1,221,300

3.00 11,298,000 4.34 1,577,200

2.50 16,109,000 3.86 2,000,100

2.00 25,005,000 3.28 2,636,700

1.50 40,005,000 2.70 3,476,200

1.00 57,643,000 2.25 4,175,000

0.50 74,696,000 1.91 4,596,200

Golden Highway Project; 2020

12TSX : ME

New gold mineralization targets

Golden Highway Project• Sedimentary basin• BIF related• >12km strike length • Current resource over 2km• Repeat of BIF-A on south

contact

2020 Exploration Program• New Discoveries:

➢ Westaway (pending)➢ Halfway➢ South BIF

• New regional trend

New Banded Iron Formation Associated Gold

South BIF; 3.50 m @ 8.09 g/t AuInc. 0.55m @ 30.40 g/t Au

Westaway

Halfway; 1.80 m @ 7.48 g/t AuInc. 0.77 m @ 15.50 g/t Au

Golden Highway: Drilling 2020

TSX : ME 13

Golden Highway Project• Test additional 2 km strike• Current resource over 2km• 18,000 m drilling• 36 drill holes

2020 Program• Extended mineralization

over 4km• Expanded resources:

• Windjammer South• 55 (results pending)

• New Discoveries:• Westaway (pending)• Halfway• South BIF

➢ New trend; Open

Resource expansion drilling

South BIF

2020 Resource Expansion Drilling

Resource Geology: Cross Section View

TSX : ME 14

Golden Highway Project

• Focus has been on South West• Extended “55” & Windjammer South• West Block: Expanded• New Westaway discovery

South WestIndicated: 472,000 oz @ 4.53 g/t

Inferred: 1,056,500 oz @ 4.32 g/t

55 ZoneIndicated 35,400 oz @ 5.11 g/t

Inferred: 45,300 oz @ 4.31 g/t Windjammer SouthIndicated 49,100 oz @ 4.19 g/t

Inferred: 25,500 oz @ 4.59 g/t

Westaway

Exploration Potential

15TSX : ME

• New discoveries at Westaway, Halfway & South BIF

• Additional targets at Dyment 3 and Western targets

• Known mineralization over 8km of 12km BIF strike length

• Another 4km not tested

Golden Highway Project

New gold vein systems hosted in Timiskaming sediments

Halfway 2019 drilling:1.80 m @ 7.48 g/t AuInc. 0.77 m @ 15.50 g/t Au3 new zonesWestaway 2020 drilling:

5.25 m @ 6.30 g/t Au& 4.25 m @ 5.77 g/t Au13 new zones

2020 Plans & Objectives

16TSX : ME

• November 2019 to April 2020 Drill Program of 18,000 metres

• Drill extensions of West Block resource to the west

• Drill test expansion potential at “55” and Windjammer South

• Test new Halfway and Westaway targets

➢ Advanced Westaway drilling to maiden resource drilling

• Test new South BIF exploration target

• Gold recovery test-work: Improved to 94%-95.5%

➢ Good gravity recovery

• Continue to de-risk project

• Update new resources as required

• PEA in progress for South West deposit

• 2020 Fall/Winter Follow-up Drill Program

• COVID-19 response

Expand and De-risk Mineral Resources

Golden Highway Project

Comparable Company Valuations

17TSX : ME

Moneta Porcupine; Golden Highway Project

“4.73”: Grade of deposit (g/t Au)

8.56

6.27

8.68

0.64

4.73

1.76

0.49

0.89

6.39

6.647.37

4.38

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

7.0

7.5

8.0

05010015020025030035040045050055060065070075080085090095010001050Resource

(Moz)

Market Cap($Million)Market Cap Resource

Precedent Transactions

18TSX : ME

Moneta Porcupine; Golden Highway Project

5.67

3.19

4.66

8.515.18

6.04 8.695.38

1.66

1.37

0.90

13.64

4.32

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

7.0

$0.00

$50.00

$100.00

$150.00

$200.00

$250.00

$300.00

$350.00

$400.00

$450.00

$500.00

Richmont Mines

(Alamos Gold)

Klondex (Hecla

Mining)

Lakeshore Gold (Tahoe Resources)

Claude Resources

(Silver Standard

Resources)

Probe Mines (Goldcorp)

Queenston Mining (Osisko)

Integra Gold Corp

(Eldorado Gold)

AVERAGE Romarco (Oceana

Gold)

Kaminak (Goldcorp)

Trelawney Mining

(Iamgold)

Dalraidian (Orion)

Moneta Porcupine

Total Resource(Moz)

Precedent Transactions Comparison (Price$/oz)

C$/oz Total Resource (oz) "5.32": Grade of deposit (g/t Au)

19TSX : ME

CORPORATE CONTACT

Moneta Porcupine Mines Inc.65 Third AvenueTimmins ON P4N 1C2

Tel: 1-705-264-2296 | Timmins

Email: info@monetaporcupine.com

monetaporcupine.com

TSX : ME