KRL Property, Golden Triangle, BC

TSX.V: ANZ

January, 2019

TSX.V: ANZ

FORWARD LOOKING STATEMENTS

Some of the statements contained in this presentation are forward-looking statements. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control, including, but not exclusively, statements regarding potential mineralization, exploration results, completion of work program and studies, and future plans and objectives of the Company. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources but from finding mineral deposits which, though present, are insufficient in quantity and quality to return a profit from production. This presentation does not constitute an offer of the securities described herein.

Jason Weber, P.Geo., is the Company’s Qualified Person as defined under National Instrument 43-101. He is responsible for the technical disclosure in this document.

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› Yanac

PERU

PROPERTY PORTFOLIO

NEVADA

› East Walker › Bellview › Horsethief › BP › Ashby MEXICO ROYALTIES

› Yago › San Pedro › Mesquites 1% NSR capped at $1 million on each.

YUKON

› Haldane › White River › Prospector

Mountain › MOR › Goz Creek › Tim

Projects in five jurisdictions with excellent discovery potential:

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PERU ROYALTY › Pucarana 1.08% NSR

BC

› KRL

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KRL Property Highlights

› Located in one of the prolific “Golden Triangle” of northwest British Columbia

› Mining friendly jurisdiction › Road-access to within 2 km of property › Hydroelectric power within 5 km of property › Fractured ownership, lack of coherent exploration since late 1980s › Vein swarm exposed over 400 by 600 metre area in alpine, consisting of a

minimum of 11 veins. › High grade gold mineralization within known vein systems exposed in

alpine with potential for at lower elevations covered by talus and vegetation – Consecutive channel samples from Trench 1, collected on one-metre spacings

assay 56.01, 35.92, 122.86, 194.23 and 64.04 g/t over 50-70 cm each.

› Opportunity to find structural traps or fluid source where veins may be wider

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Golden Triangle, BC

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› Q3 2018 discoveries by Golden Ridge (327 m @ 0.31% Cu, 0.35 g/t Au), Aben (10 m @38.7 g/t Au), GT Gold (430 m of 0.67 g/t Au, 0.41% Cu)

› Pretium in production at Brucejack, significant exploration programs at Snip, Eskay, Premier and discoveries in recent years by Colorado and GT Gold.

Emerging as one of North

America’s premier mining

districts

- Multiple deposit styles

(High-grade gold veins,

porphyry, VMS deposits)

- Recent discoveries, new

infrastructure (road,

power)

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KRL Area

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Alexco

› Adjacent to Aben’s Forrest Kerr project (10 m @38.7 g/t Au)

› Northwest of Eskay Creek minesite.

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KRL Infrastructure

Road access Powerline

Power Station

Bob Quinn Lake

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KRL Property

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Intake Tunnel (McLymont)

Access Road

Power Station (Forrest Kerr)

Gold Showing

6290000N

6292000N

6288000N

6286000N

39

20

00E

39

40

00E

39

60

00E

39

80

00E

KRL Property

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KRL Property 2018 Sampling

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Intake Tunnel

Access Road

Power Station

KRL Showing

50 m

7.94

122 8.24

3.15

22.7 0.234

7.43

0.235 0.008

0.008

KRL Showing

Rocks (g/t Au)

6290000N

6292000N

6288000N

6286000N

39

20

00E

39

40

00E

39

60

00E

39

80

00E

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KRL Mineralization - Historic Trenches 1 & 9

11

Power Station

› Samples highlighted yellow exceed 0.25 oz/ton gold (8.5 g/t Au)

› Sulphides (including chalcopyrite) and visible gold (up to 2 mm blebs) are noted with high grade samples

9.19 g/t Au – 15 cm

31.74 g/t Au – 7 cm 229.47 g/t Au – 12 cm

67.67 g/t Au – 15 cm 30.24 g/t Au – 12 cm

248.10 g/t Au – 12 cm 45.25 g/t Au – 15 cm

64.04 g/t Au – 60 cm

194.23 g/t Au – 50 cm

35.92 g/t Au – 50 cm

56.01 g/t Au – 50 cm

10.01 g/t Au – 70 cm

12.48 g/t Au – 50 cm

122.86 g/t Au – 50 cm

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KRL Gold Project

Trenching in 1989 › Limited by property

position. Showing was at/near property boundary

› Veins exposed in alpine – little/no work downslope and to north

› Soil geochemistry helpful in identifying new veins

› Potential for more/wider veins below treeline? – Soils and prospecting

are first phase of work.

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Typical limonitic vein with chalcopyrite and pyrite, with white and blue-grey quartz. 22.7 g/t Au

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Typical limonitic vein with chalcopyrite and pyrite, with white and blue-grey quartz. 122 g/t Au

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vein

Looking NW

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Looking to SE 30-50 cm vein with rubble and narrow parallel vein with small blowout zone

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KRL Gold Project

KRL Showing (looking SE)

~10 m

50-70 cm- wide vein

30 cm- wide vein

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Forrest Kerr Power Station (approx. 5 km south of KRL) at the junction of McLymont Ck (not shown) and Iskut River (bottom of photo)

TSX.V: ANZ

KRL Property

› Located in one of the prolific “Golden Triangle” of northwest British Columbia

› Road-access to within 2 km of property › Hydroelectric power within 5 km of property › High grade gold mineralization within known vein systems exposed

in alpine with potential for at lower elevations covered by talus and vegetation – Consecutive channel samples from Trench 1, collected on one-metre

spacings assay 56.01, 35.92, 122.86, 194.23 and 64.04 g/t over 50-70 cm each.

› Opportunity to find structural traps or fluid source where veins may be wider

› 2019 Program budgeted – property-wide reconnaissance and target development

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