Corporate Presentation

Transcription

1 Evolving Exploration VALUE THROUGH DISCOVERY Corporate Presentation June 2018

2 Forward Looking Information This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Evrim Resources Corp. (the "Company ) expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. 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 differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements 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 or developments 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. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

3 Evrim Resources Value Drivers Focused on key mineral belts in western North America 100%-Owned Projects Golden Triangle Copper/Gold Cuale HSE Gold Project Recent Discovery South Central Copper/Gold Joint-Ventures/Alliances Six Joint-Ventures and One Alliance >20,000 metres of drilling in 2018 [$7-8 mil in exploration] Near-Term Royalties Ermitaño Project 40.8 Moz. Silver Equivalent* Cumobabi Project Drilling program underway *Resource reported by FR on March 29, 2018 using $1,450/oz Au; $20/oz Ag Laramide Porphyry Belt Copper/Gold Sierra Madre Occidental Gold/Silver

4 Value Creation Timeline Ermitaño (drilling/ royalty) Cuale 100% Cumobabi (drilling) Sarape (drilling) Ball Creek (drilling) Axe (drilling) Cerro Cascaron (drilling) Newmont Alliance Longer Term JV Exploration Royalties Alliances Monetized JVs Equity Equity Interests Interests SHORT TERM: <18 mths MID TERM: Yrs LONG TERM: 3 Yrs+

5 Cuale Project A New Gold Project in Mexico GOLD 100%-owned by Evrim High Sulphidation Epithermal (HSE) gold target in Southern Sierra Madre, Jalisco HSE targets are known for their low cost, large scale and long mine life HSE deposits in Sierra Madre include: Goldcorp's El Sauzal (1.9 million ounces gold), Alamos Gold's Mulatos (5.0 million ounces gold) Agnico Eagle's La India (3.0 million ounces gold) 1% base metal NSR and 1.5% precious metal NSR payable to Altius Minerals (LSE) Deposits

6 Cuale project Location Two hour drive south of Puerto Vallarta Notable development projects Agnico Eagle Mines' Barqueño project (663,000 ounces of gold and 2.2 million ounces of silver) Endeavour Silver's Terronera project (311,000 ounces of gold and 37 million ounces of silver) 230 square kilometre claim size Excellent infrastructure with roads and power crossing the property No previous exploration

7 Cuale Project Exploration Results Very fine gold without any coarse nuggets panned from powdery saccharoidal quartz in Trench 4

8 Cuale Project Geophysics Induced Polarization survey includes a line through the trenching area Low chargeability suggests gold mineralisation will be oxidised which is favourable for metallurgy A 100m deep by 300m wide resistive zone (due to quartz?) immediately beneath the trenches will be the first drill target La Gloria zone Trench 1 and 4 samples plotted Massive Quartz Rib Photo taken looking to northwest. Skyline closely traces IP line The photo is clipped to approximately match the eastings of the IP section below. Faults shown in the photo are offset to the east of the resistivity section due to the north-west view of the photo. Western resistivity anomaly La Gloria zone Vuggy Quartz (100 x 300m) Trench 1 and 4 samples plotted Massive Quartz Rib Ohm metres Phyllite Feeder target Tuff 500m IP line Resistivity Clay/Pyrite alt?

9 Cuale Exploration Underway Community engagement Soil sampling and mapping started Geophysics and 650 metres of trenching May-June 2018 ~3,000 metres of drilling for summer once permits received SUMMARY Early stage of exploration. Drilling planned for summer Consistent, high grade mineralization at surface with IP giving confidence in depth potential Classic high sulphidation textures, geochemistry and alteration La Gloria Zone a small part of a larger alteration zone that requires further exploration

10 Ermitaño Royalty Sonora, Mexico GOLD Partnership with First Majestic Silver (TSX:FR) FR is earning a 100% interest subject to a production notice with supporting permits by Jan and a 2% NSR to Evrim *Maiden resource at Ermitaño West vein 40.8 million ounces silver equivalent with an average grade of 4.0 g/t gold and 68 g/t silver [approximately 562,000 gold equiv.] New significant discovery on the Ermitaño property known as the "Aitana" vein Ermitaño West and Aitana veins lie only four kilometres south of the operating mill at Santa Elena and remain to be explored at depth and to the west. *Resource reported by FR on March 29, 2018 using $1,450/oz Au; $20/oz Ag Est 20,000+ metres of drilling in 2018

11 Ermitaño West Long Section Mineralized zone is 590 metres long, up to 200 metres deep and averages 11 metres thick. Estimated 20,000+ metres of drilling in 2018 Discovery drill hole EW16-04 grading 11.4 g/t gold and 86 g/t silver over 18 metres; Follow up hole EW16-05 grading 7.3 g/t gold and 72 g/t silver over 12.3 metres; Follow up hole EW16-06 grading 11.5 g/t gold and 633 g/t silver over 8.2 metres.

12 Sarape Project Sonora, Mexico GOLD/SILVER Partnership with Coeur Mining (NYSE:CDE) CDE may earn up to an 80% interest for US$16.5M in exploration, US$2.4M cash, and a compliant feasibility study over ten years Undrilled 5,776 hectare low-intermediate sulphidation epithermal gold-silver target Located 40 kilometres north of Ermitaño West discovery with Mercedes Mine (Premier Gold) and Santa Elena (First Majestic) in the area Mercedes (Premier Gold) Llano del Nogal Sarape Santa Elena (First Majestic) US$500K in exploration in 2018

13 Axe & Ball Creek Project JV s British Columbia COPPER/GOLD Partnerships with Antofagasta plc AXE: 70% interest for US$50M on exploration, $800,000 cash, and a compliant PEA over 10 years BALL CREEK: Up to a 70% interest for US$31 million on exploration or a compliant PFS over 13 years Copper-gold porphyry targets Ball Creek in Golden Triangle and Axe in south central BC Excellent access with local infrastructure Up to $3.2 million in exploration in 2018 Up to 4,900m of drilling in 2018

14 Cerro Cascaron Chihuahua, Mexico GOLD/SILVER Partnership with Harvest Gold (TSX.V:HVG) HVG may earn up to 80% interest with $6M in exploration, $1.1M cash, 2M shares to Evrim, and a compliant FS over nine years A 69 square kilometre low to intermediate sulphidation epithermal gold target Phase one exploration demonstrated the size potential of the Cascaron vein field (18 square kilometres) The silver-rich Cascarita prospect encountered very high silver and lead values Mulatos Ocampo Palmarejo El Sauzal Cerro Cascaron Gulf of California Sierra Madre Occidental Metates Tayoltita 3,000m of drilling planned in km

15 Multi-year Alliance with Newmont Two-year $1.80 million exploration alliance signed in 2017 with Newmont Mining Following two-year period, Newmont may option one or more projects for cash payments and solely fund exploration for 10 years until a NI pre-feasibility study is defined on minimum 2M+ oz Au for an 80% interest Evrim may at any time after two-year period exchange equity interest for 2% NSR with 0.5% buydown for up to US$10 million. Repeat business with major partners reflects Evrim s generative capabilities

16 Partnerships (past and present) Exploration Expenditures YTD $22 million EVM Funding $4.75M Partner Funding $17.25M 80% Partner Funding

17 Share Information Shares Total outstanding as at ( ) 79,227,757 Options $0.18 $0.25 (5 years) 5,925,000 Warrants 6,491,864 Total with dilution 91,644,621 Working Capital Current est. burn rate (including exploration and project acquisition costs) $5.4 million $150,000 Insider ownership 10.0% Altius Minerals 15.0% Adrian Day Asset Mgmt. 17.5% Sprott/Global Resource Ltd Partnership ~10.0% More value accretive to hold EVM than a basket of junior explorers

18 Non-Executive Directors Paul van Eeden, B.Sc., Chairman & Director (Independent) Paul is an independent businessman with over 25 years' experience. He is the president of Cranberry Capital Inc., which, through its subsidiaries is involved in equity financing, lending, M&A and consulting to mineral exploration companies. Paul is well known for his macro economic research on monetary inflation and the gold price. David Caulfield, P. Geo, Director (Independent) David, a co-founder of Rimfire Minerals Corporation (now Kiska Metals), plays an integral role in building the business through its strategic partnerships. Prior to Rimfire, he was the co-founder and President of Equity Exploration Consultants Ltd., a privately held geological consulting firm. David served as the 2005 President of the Association for Mineral Exploration of British Columbia (AME BC). John Thompson, Ph.D., Director (Independent) John has over 30 years experience in geoscience including working with BP Minerals Group (RioTinto), a directorship with Mineral Deposit Research Unit (MDRU) at the University of British Columbia, and Chief Geoscientist with Teck. John is the principal of PetraScience Consultants, an exploration, development and technology consulting firm. He is also the Wold Professor of Environmental Balance for Human Sustainability at Cornell University.