ADVANCING A PROSPECTIVE PORTFOLIO TO DISCOVERY SUCCESS. Copper - Gold - Silver SUPPLEMENTARY INFORMATION CORPORATE OVERVIEW.

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1 ADVANCING A PROSPECTIVE PORTFOLIO TO DISCOVERY SUCCESS Copper - Gold - Silver SUPPLEMENTARY INFORMATION TO CORPORATE OVERVIEW April 11, 2019

2 Cautionary Statement Certain statements contained in the following presentation constitute forward-looking statements. Such forward looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Dr. Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG), an independent consultant, is the Company s Qualified Person for the purposes of National Instrument Standards of Disclosures for Mineral Projects of the Canadian Securities Administrators, and is responsible for the accuracy of, and has verified, the technical information in this presentation and has approved its written disclosure. 2

3 Revelo Value Proposition Cu Au Ag Revelo has: An exceptional portfolio of exploration projects A highly experienced team Focused on copper-gold-silver Revelo operates in: Chile geologically one of the most prolific Chile jurisdictionally one of the best 26 project interests > 200,000 hectares 4 optioned & partner-funded exploration projects 12 drillable exploration projects available 10 partner-funded generative royalty projects US$100M database of historic exploration Revelo is focused on: Partner-funded exploration Royalty generation (project sales) Reconnaissance exploration 3

4 Revelo Partner Funded Projects Cu Au Ag Los Azules & Q Inti General view showing artisanal workings at Q Inti 4

5 Masglas Los Azules (Effective since January 2018) Masglas (Masglas Americas Corp. SpA) Los Azules Target copper-rich tourmaline breccia pipes Target possible porphyry copper potential Option over 3,700 Ha 4-year option to earn 100% US$ 500,000 in cash 17,000m of drilling RVL benefits on completion Total cash US$ 500,000 (over 4 years) 2% NSR royalty In first 36 months, Masglas has option to buy down royalty to 1% for US$ 1M Los Azules Located along Paleocene Mineral Belt Close to historic Inca De Oro mineral district 5

6 Masglas Los Azules Cu-Mo mineralization occurs in tourmaline-rich breccia pipes The breccia fragments are generally intensely argillically altered Breccia pipes also appear to contain Uranium Surface oxidation to 150m deep has produced readily leachable copper minerals including atacamite, chrysocolla, brocanthite, copper wad and copper pitch The principal breccia is the Q Inti (previously Araya) Breccia pipe sold to Masglas separately (RVL royalty interest) Breccia field extends NE across Los Azules property further potential for discovery Q Inti Breccia Pipe Los Azules Project Los Azules represents an exploration play for mineralised breccia pipes, and possibly porphyry copper mineralisation, along a NE trend from the mineralised Q Inti (previously Araya) Breccia Pipe 6

7 Masglas Los Azules Shallow, historic drilling on IP anomaly sporadic intercepts Best drill intercept at Los Azules 0.18% Cu % Mo g/t Au ppm Re + 26 ppm U Larger area of interest not followed up Exploration drilling for breccia pipes requires different strategy to exploration drilling for porphyry copper target Detailed mapping and further, more extensive geophysics required to define drill targets Best drill intercept at Q Inti * 0.97% Cu % Mo Also 0.02g/t Au + 51 ppm U Surface exploration underway * Sold to Masglas RVL Royalty Interest 3 rd Party Breccia Pipe Q Inti Breccia Pipe (Sold to Masglas RVL Royalty) Exploration potential at los Azules IP anomaly and vein and breccia field 7

8 Teck Cerro Buenos Aires (Signed May 2018) Teck (Teck Resources Chile Ltda) Cerro Buenos Aires Target Porphyry Copper (+/- Au +/- Mo) Option over 1,500 Ha of total 7,600 Ha 4-year option to earn 60% US$ 425,000 in cash US$ 4,800,000 in expenditures RVL options on formation of JV 40% Convert to 1.5% NSR royalty Teck can buy down 0.5% NSR for US$2M Cerro Buenos Aires Located along Paleocene Mineral Belt Along trend from major copper mines and deposits Spence, Sierra Gorda, Relincho 8

9 Teck Cerro Buenos Aires Widespread advanced argillic alteration > 20 Km 2 at Cerro Buenos Aires (with further extensions to N) Indicative of the upper portions of a porphyry copper and associated high-sulphidation precious and base metals system Area drilled by Teck is at topographically low elevation to east of extensive alteration Coincides with a magnetic high feature 906 m in 3 RC holes directed towards magnetic high (to about 300m vertical depths) ~ 70 m to 80 m of post-mineral pediment Hydrothermal alteration zonation patterns (argillic to phyllic) and geochemical anomalies (Cu, Zn, Ag) from Niton XRF in the drill holes Suggests potential at greater depths for mineralised hypogene porphyry copper centre associated with the magnetic anomaly Further updates and decisions from Teck pending Cerro Buenos Aires Area Drill Tested by Teck 9

10 Teck Cerro Buenos Aires Model From Sillitoe R.H Cerro Buenos Aires (CBA) (topographically high) corresponds to quartzalunite alteration zone magnetite destructive alteration RVL drilling on CBA shows transition from quartzalunite to pyrophyllite (with low-grade Ag) magnetite destructive alteration Teck drilling at lower elevations shows transition to sericitic (phyllic) alteration magnetite destructive alteration Target is hypogene copperrich, potassic altered porphyry core typically accompanied by magnetite (hence magnetic anomaly) 10

11 SQM Calvario & Mirador (Signed April 2019) SQM (SQM de Chile S.A.) Calvario & Mirador Target Porphyry Copper (+/- Au +/- Mo) Target HS Epithermal Copper-Gold Option over 14,600 Ha 5-year option to earn 80% On JV formation US$ 5,225,000 in cash US$ 13,000,000 in expenditures RVL 20% to completion of PFS RVL options on completion of PFS RVL to 20% or convert to 1% NSR royalty Calvario & Mirador Located along Paleocene Mineral Belt Along trend from major copper mines and deposits Spence, Sierra Gorda, Relincho 11

12 SQM Calvario & Mirador Both Calvario and Mirador (contiguous projects) display widespread geological characteristics indicative of the upper parts of possible porphyry copper systems Minor historic drilling at Calvario Hydrothermal alteration at Calvario extends over at least 5Km x 1Km, oriented northwest-southeast Typified by extensive and intense quartz-sericite alteration Hydrothermal alteration at Mirador extends over at least 5Km x 1.5Km, oriented north-south, and possibly extends up to a further 2-3Km further south into an unexplored area Typified by extensive quartz-alunite alteration at the highest elevations, transitioning into pyrophyllite and sericite at lower elevations Cu-Mo-Bi surface geochemistry Stockwork quartz veinlets in parts Dacite porphyries and hydrothermal breccias 12

13 SQM Calvario & Mirador Model From Sillitoe R.H Mirador: Topographically highest point corresponds to quartz-alunite alteration zone with As geochemistry Mirador: Transition from quartz-alunite to quartzsericite +/- pyrophyllite at lower elevations to north and south of high point with Bi + Mo geochemistry Calvario: Intense quartzsericite alteration with some stockwork D -veins and copper oxides Mo + Cu geochemistry Targets are hypogene copper-rich, potassic altered porphyry core typically accompanied by magnetite 13

14 Atacama San Valentino, T4 & Las Animas (Term Sheet Agreed) Atacama (Atacama Copper Exploration Ltd) San Valentino Target T4 Target Las Animas Target - Porphyry copper-gold - IOCG copper-gold (off map to north) - IOCG copper-gold Projects to be sold to Atacama (pending definitive documentation) Revelo will retain 15% of equity in Atacama Protected 15% pro-rata over 24 months Revelo will retain NSR royalty interests over the properties San Valentino 1% NSR on precious & base metals T4 & Las Animas 1.5% NSR on precious & base metals Atacama commitments US$250,000 minimum expenditures on each property Over 24 months Initial drill test of 2 properties within 24 months, 3 rd property within 36 months Projects located along key mineral belts along strike from major mines 14

15 Atacama San Valentino Cu Au Mo AURIFEROUS SILICA LEDGES High-sulphidation epithermal Au structures Previously drill tested (9 shallow RC holes) Anomalous gold over narrow widths ( ~ 1g/t Au) Off map to north NORTHEAST TARGET SOUTHWEST TARGET Porphyry Cu-Au target Centred on dacite porphyry intrusion Good, focused surface geochemistry in soils Mo & Au Partially on RVL ground Porphyry Cu-Au target Centred on dacite porphyry intrusion Good, focused surface geochemistry in soils Mo & Au Peripheral, zoned zinc geochemistry Copper is heavily leached at surface Alteration minerals suggest base of lithocap exposed, with hypogene porphyry copper at shallow depths Possible secondary enrichment of copper beneath leached capping 15

16 Atacama T4 & Las Animas T4 IOCG-style Cu-Au target Small outcrop in center of flat covered pampa comprises prospective La Negra Formation volcanic rocks Intense alteration quartz-alunite with abundant specular hematite and earthy-red hematite Sodic alteration on flanks of hill and specular hematite rich breccias to north Underlain by significant magnetic anomaly Las Animas IOCG-style Cu-Au target IOCG style Cu-Fe-(Au) mineralization related to NW-SE trending structural zones and veins Close relationship to Atacama Fault System on the eastern border Copper and gold anomalies in stream sediments 16

17 Revelo Projects Listing Cu Au Ag Victoria I & II Ag-Au Cenizas Au-Ag-Cu Nueve Vidas Au + Au-Ag Magnetic Anomalies Quebrada (dry valley) Chaco Victoria Sur View looking SE showing Quebrada Chaco with Nueve Vidas and Cenizas beyond Key Targets at Victoria Sur 17

18 Copper Projects Portfolio COPPER 10 Projects MONTEZUMA MORROS BLANCOS BLOCK 2 Chile world s largest and most important copper producer * 5.3 Mt of fine copper production in 2017 (more than double of 2 nd place Peru) Chile host to world s largest copper reserves * 170 Mt of fine copper reserves estimated in 2017 (almost double of 2 nd place Australia) Chile host to 3 of the world s largest 10 copper mines (7 of the top 20) ** La Escondida is the world s largest single copper mining district (>> 1.2 Mt Cu / year) Chile copper deposits dominated by porphyry-style deposits but also IOCG & Manto Miocene / High-Cordillera Belt (Porphyry style deposits) Mid-Tertiary / Domekyo Belt (Porphyry style deposits) Early Tertiary / Paleocene Belt (Porphyry style deposits) Mesozoic Coastal Belt (IOCG, manto, vein & porphyry style deposits) (* USGS January 2018 / ** World Copper Fact Book 2017) 18

19 Copper Projects Domeyko Cordillera Revelo Projects (6 projects 5 available 90,700 Ha) Montezuma Block 2 Redondo-Veronica Block 3 Block 4 Victoria Norte (Royalty Interest) Type Examples (3 of the World s Top 10 Copper Mining Districts) Collahuasi District * Chuquicamata District Centinela District La Escondida District El Salvador District * off map to north The Domeyko Cordillera copper mines produce > 3Mt per year fine copper (2017) ~ 60% of Chile & ~ 20% of World production 19

20 Copper Projects Paleocene Belt (1) Revelo Projects (9 projects 5 available 43,700 Ha) Cerro Blanco Cerro Buenos Aires (Option/JV/Royalty) Morros Blancos Altamira Los Azules (Option/Sale/Royalty) Q Inti (Royalty Interest) Type Examples Southern Peru Cluster * Cerro Colorado * Spence * Sierra Gorda * Relincho (Nueve Union) * off map to north * off map to north * off map to north * off map to north 20

21 Copper Projects Paleocene Belt (2) Revelo Projects (9 projects 5 available 43,700 Ha) Cerro Blanco Cerro Buenos Aires (Option/JV/Royalty) Morros Blancos Altamira Los Azules (Option/Sale/Royalty) Q Inti (Royalty Interest) Calvario (Option/JV/Royalty) Mirador (Option/JV/Royalty) San Valentino * (Term Sheet) *off map to south Type Examples Southern Peru Cluster * Spence * Sierra Gorda * Relincho (Nueve Union) * off map to north * off map to north * off map to north 21

22 Gold-Silver Projects Portfolio GOLD 3 Projects LAS PAMPAS VICTORIA SUR ORCA Chile important gold and silver producer 37.9 tonnes gold + 1,318.5 tonnes silver produced in 2017 * World s 4 th largest silver producer ** Chile much silver and some gold is produced as a bi-product of copper mining ** Codelco was world s 10 th largest silver producer in 2016 as a bi-product from its copper mines Gold production from porphyry and IOCG copper deposits Chile also host to important HS and LS Epithermal gold-silver deposits Miocene / High-Cordillera Belt (High-sulphidation & porphyry deposits) Mid-Tertiary / Domekyo Belt (Sediment-hosted, high-sulphidation & porphyry deposits) Early Tertiary / Paleocene Belt (Low-sulphidation bonanza-style & high-sulphidation deposits) Mesozoic Coastal Belt (IOCG, manto, vein, shear-zone & porphyry deposits) (* Cochilco Anuario de Estadisticas Edicion / ** Silver Institute 2017) 22

23 Gold-Silver Projects Revelo Projects (8 projects 3 available 60,000 Ha) Paleocene Belt Magallanes (Royalty Interest) Las Pampas Loro Limbo (Royalty Interest) Reprado (Royalty Interest) San Guillermo (Royalty Interest) Domeyko Belt Victoria Sur Coastal Belt Orca Type Examples El Peñon Fortuna District El Soldado Cachinal de la Sierra Amancaya 23

24 Copper-Gold (IOCG/Vein) Portfolio IOCG / VEIN 0 Projects T4 LAS ANIMAS COLLA KANANCHIARI Chile is host to a wide variety of IOCG deposits along the Coastal Cordillera IOCG deposits manifest as veins, hydrothermal breccias, replacement mantos, and calcic skarns The larger deposits generally exhibit several of these in combination Chile manto, porphyry and vein deposits of various types along the Coastal Cordillera Apart from the IOCG-related deposits, there are many other deposit types along the Coastal Belt Many deposits are intimately related to a coast-parallel fault system the Atacama Fault Zone Chile has some very large, type deposits such as: Candelaria - IOCG - Copper-gold-iron (Lundin Group) Manto Verde - IOCG - Copper-oxide and copper-gold (Mantos Copper) Santa Domingo - IOCG - Copper-gold-iron (Capstone) Mantos Blancos - Manto - Copper-silver (Mantos Copper) 24

25 Copper-Gold (IOCG/Vein) Projects Revelo Projects (3 projects 0 available 9,700 Ha) T4 (Term Sheet) Las Animas (Term Sheet) Colla Kananchiari (Royalty Interest) * * Off south of map Type Examples Carolina de Michilla (Breccia & Manto-style) Mantos Blancos (Manto-style) Manto Verde (IOCG) Candelaria (IOCG) * Bronce de Petorca (Polymetallic Veins) * * off map to south 25

26 In the Shadow of the Headframe STAGE EXPLORATION JURISDICTION NORTHERN CHILE METALS COPPER-GOLD-SILVER TENEMENT PORTFOLIO TEAM MAJOR LAND POSITION MULTIPLE DRILLABLE TARGETS & GENERATIVE ROYALTIES HIGHLY EXPERIENCED 26