Forward Looking Statements

Transcription

1

2 Forward Looking Statements This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Brazil Resources with respect to its business and future events including statements regarding Brazil Resources growth strategy and exploration plans. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which Brazil Resources operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the uncertainties respecting historical resource estimates, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with Brazil Resources' expectations, accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, commodity price fluctuations, regulatory restrictions, including environmental regulatory restrictions, Brazil Resources ability to identify, complete and/or finance additional acquisitions or any failure to integrate acquired companies and projects into Brazil Resources existing business as planned. These risks, as well as others, including those set forth in Brazil Resources' filings with Canadian securities regulators, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. Brazil Resources does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law. TECHNICAL INFORMATION The technical information in this presentation regarding our Cachoeira, Sao Jorge, Whistler, Boa Vista, Surubim (previously Rio Novo project) and Rea projects, please refer to the following respective reports: (i) independent technical report dated April 17, 2013 and amended and restated on October 2, 2013 titled "Technical Report and Resource Estimate on the Cachoeira Property, Para State Brazil", prepared by Greg Mosher of Tetra Tech, Inc.; (ii) independent technical reported by Porfiro Rodriguez and Leonardo de Moraes Soares of Coffey Mining with an effective date of November 22, 2013 and titled "Sao Jorge Project, Para State Brazil"; (iii) Independent technical report (amended and restated as of May 30, 2016) by Gary H. Giroux, M.A. Sc., P.Eng. with an effective date of March 24, 2016 and titled "NI Resource Estimate for the Whistler Project ; (iv) independent technical report by Jim Cuttle, Gary Giroux and Michael Schmulian with an effective date of November 22, 2013 and titled "Technical Report, Boa Vista Gold Project and Resource Estimate on the VG1 Prospect, Tapajos Area, Para State, Northern Brazil"; (v) independent technical report by Jim Cuttle and Gary Giroux with an effective date of November 22, 2013 and titled "Technical Report on the Rio Novo Gold Project and Resource Estimate on the Jau Prospect, Tapajos Area, Para State, Northern Brazil"; and (vi) independent technical report prepared by Irvine Annesley and Roy Eccles with an effective date of September 12, 2014 and titled "Technical Report on the Rea Property, Northeastern Alberta. Reference should be made to the full text of the technical reports each of which is available under the Company's profile at Paulo Pereira, the Company's President, has supervised the preparation of and reviewed the technical information contained in this presentation. Mr. Pereira holds a Bachelor degree in Geology from Universidade do Amazonas in Brazil, is a qualified person as defined in National Instrument ( NI ) and is a member of the Association of Professional Geoscientists of Ontario. Certain information in this presentation regarding the activities of other companies and other market information has been obtained from publicly available information and industry reports. Such reports generally state that the information contained therein has been obtained from sources believed to be reliable, but the accuracy or completeness of such information is not guaranteed. We have not independently verified or cannot guarantee the accuracy or completeness of that information and investors should use caution in placing reliance on such information. CAUTIONARY NOTE Investors are cautioned not to assume that any part or all of mineral deposits in the "indicated" and "Inferred" categories will ever be converted into mineral reserves with demonstrated economic viability or that inferred mineral resources will be converted to the measured and/or indicated categories through further drilling. In addition, the estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. 2

3 Overview Global gold resource through acquisitions and organic growth of: 7.8 million ounces measured and indicated, and 10.3 million ounces inferred. Whistler Rea Business plan focused on acquiring resource stage gold projects in the Americas. Titiribi Sao Jorge Surubim Boa Vista Cachoeira Uranium optionality with the Rea Project located in the Western Athabasca basin in JV with Areva. Strong insider ownership of 30%. Note: 1. See slides 2, 4 and 11 for details on the resource estimates and their associated technical reports. 2. The technical reports are available at under BRI s profile. 3

4 BRI NI Resource Statement Project Cut-off Tonnes Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq (g/t) (Mt) (g/t) (g/t) (%) (g/t) (Moz) (Moz) (Mlbs) (Moz) Measured Resources Cerro Vetas Indicated Resources Sao Jorge Cachoeira Whistler IM Cerro Vetas Chisperos NW Breccia Total Measured and Indicated Resources Total Inferred Resources Sao Jorge Cachoeira Boa Vista Surubim Whistler IM RW (shallow) RW (deep) Cerro Vetas Chisperos NW Breccia Total Notes: 1. See slides 2 and 13 for reference to respective technical reports. 2. The technical reports and news releases are available at under BRI s profile.

5 Acquisitions Near Bottom of the Gold Cycle 3000 TSX-V Index Closing Price (C$) Commodity Bull Market Commodity Bear Market Sao Jorge Acquisition Cachoeira Acquisition Titiribi Acquisition Whistler Acquisition Year Source: Bloomberg 5

6 Brazil Resources at a Glance Share Structure Coverage Analyst Issued & Outstanding M Cantor Fitzgerald Rob Chang Options 2.9 M H.C. Wainwright Heiko Ilhe Warrants 14.1 M Fully Diluted M Financial C$ Cash ~$21 M Closing Price (Nov 18/16) $2.12 Market Capitalization $244 M 35% 30% 35% Insiders Institutional Individual Holders 6

7 Directors and Management Amir Adnani Garnet Dawson Paulo Pereira Mario Garnero Chairman CEO President Director Entrepreneur and Founder/CEO of Uranium Energy Corp, a uranium producer. Over 30 years in the exploration and mining business working with major and junior mining companies in the Americas, Europe and China. Over 25 years of experience in exploration development in Brazil and Canada including development of new business opportunities for juniors. Chairman of Brasilinvest Group, a private merchant bank which has attracted investments up to US $16 billion to Brazil. Herb Dhaliwal Pat Obara David Kong Enzio Garayp Director CFO & Director Director Advisor Former Canadian Minister of Natural Resources and Minister of National Revenue in the Federal Cabinet under Prime Minister Jean Chretien. CFO of Uranium Energy Corp with over 30 years of experience in corporate finance and development. Director for several mining companies and formerly served as a partner with Ernst & Young and Ellis Foster Chartered Accountants. Former Exploration Manager for Kinross in Brazil and directly oversaw the 8 Moz expansion of the 15 Moz Paracatu Mine. 7

8 Our Strategic Partner in Latin America Founding shareholder and strategic partner of BRI. Latin America s foremost merchant bank established in By net assets one of the top 50 private groups in Brazil. Brasilinvest has completed ~US$16 billion of investments in Brazil. 8

9 Titiribi Acquisition September 1, 2016: Completed acquisition of the Titiribi goldcopper project. Total consideration of 5 million BRI shares and 1 million warrants representing <5% dilution. Medellin Titiribi Bogota Located in Mid-Cauca porphyry belt, host to more gold than any other region in Colombia. Underexplored belt several discoveries in the last 20 years. 9

10 Mid-Cauca Porphyry Belt Multi-Million Ounce Gold Deposits Mid-Cauca porphyry belt is host to several multi-million ounce gold deposits discovered in the last years Largely under-explored compared to other porphyry belts in South America Mid-Cauca Porphyry Belt Exploration San Matias/Cordoba Minerals La Cumbre/Batero Titiribi/Brazil Resources La Mina/Bellhaven Copper & Gold Quebradona/AngloGold Ashanti/B2 Gold Development Santa Ramon/Red Eagle Gramalote/Anglogold Ashanti/B2 Gold Buritica/Continental Gold Miraflores/Metminco La Colosa/Anglogold Ashanti Production Marmato/Gran Colombia Titiribi/BRI San Matias/Cordoba Minerals Buritica/Continental Gold San Ramon/Red Eagle Gramalote/B2 Gold/Anglo La Mina/Bellhaven Quebradona/Anglogold Marmato/Gran Colombia Miraflores/Metminco La Cumbre/Batero La Colosa/Anglogold 10 Source: Company websites and technical reports

11 Titiribi Overview 100% owned with no royalties. District scale gold-copper porphyry and epithermal system: Three deposits (Cerro Vetas, Chisperos, NW Breccia), and Medellin NW Breccia Cerro Vetas Six mineralized targets (Maria Jo, Candella, Porvenir, Margarita, Junta, Rosa). 270 drill holes (144,779 m). Good metallurgical recoveries. Excellent infrastructure. Bogota Chisperos Maria Jo Junta Rosa Candella Porvenir Margarita 11

12 Titiribi NI Resource Estimate Grade Contained Metal Deposit Classification Au cut-off (g/t) Tonnes Mt Au (g/t) Cu (%) Au Eq (g/t) Au Moz Cu Mlbs AuEq Moz Cerro Vetas Measured Cerro Vetas Indicated Chisperos Indicated NW Breccia Indicated Total M+I Cerro Vetas Inferred Chisperos Inferred NW Breccia Inferred Total Inferred Notes: 1. See News Release dated September 14, 2016 for details on the resource estimate. 2. A technical report will be filed on under BRI s profile in due course. 12

13 Titiribi Gold in Soils and Drilling Map Several targets require follow-up drilling and exploration. 13

14 Para State Projects Four gold projects in Para State.* Corporate tax rate of 15.25% in Para State compared to 34% in other states. Road access, grid power & water. Para State Resources* Project Indicated Inferred Sao Jorge M oz 1.03M oz Cachoeira M oz 0.56M oz Boa Vista M oz Sao Jorge Surubim Boa Vista Para State, Brazil Cachoeira 14 Surubim M oz Notes: 1. See technical report titled Sao Jorge Project, Para State, Brazil with an effective date of Nov. 22, See technical report titled Technical Report and Resource Estimate on the Cachoeira Property, Para State, Brazil with an effective date of Oct. 2, See technical report titled Technical Report, Boa Vista Gold Project and Resource Estimate on the VG1 Prospect, Tapajos Area, Para State, Northern Brazil with an effective date of Nov. 22, See technical report titled Technical Report on the Rio Novo Gold Project and Resource Estimate on the Jau Prospect, Tapajos Area, Para State, Northern Brazil with an effective date of Nov. 22, profile in due course. 5. All of the above technical reports are available at under BRI s profile.

15 Leading position in a significant gold belt Largest alluvial gold region in Brazil and third largest in the world. Unofficial production of 20 to 30M ounces. Large land holding (55,930 Ha). Paved highway (BR-163) with grid power. Novo Progresso town (60,000 people) 70 km to the south. 15

16 Sao Jorge Project Resource ~$40 million in exploration on Sao Jorge, Surubim and Boa Vista. 37,145 m (145 holes) of prior drilling. 2.5 kilometers: geophysical target on strike with deposit provides exploration upside on site. 90% unexplored: only 10% of property has been explored. Classification Sao Jorge Resources (0.3 g/t cut-off) Tonnes Gold Grade (g/t) Gold (oz) Indicated ,000 Inferred ,035,200 Notes: 1. See technical report titled Sao Jorge Project, Para State, Brazil with an effective date of Nov. 22, The above technical report is available at under BRI s profile. Section 7500E 0.97 g/t / 135.8m 1.14 g/t / 108.2m Unaltered Rock Hematite + Chlorite 1.69 g/t / 114.5m 0.66 g/t / 124.6m 0.51 g/t / 118m Silica + Sericite + Epidote + Pyrite 16

17 Cachoeira Project Overview ~$25 million in exploration. Paved highway (BR-316) with grid power. Three deposits hosted within the Gurupi Greenstone Belt. Deposits amenable to open pit extraction. Excellent exploration potential. Sao Jorge Surubim Boa Vista Para State, Brazil Cachoeira 17

18 Cachoeira Project eastern side of CSZ untested Mapped as dacite (blue), but mostly alteration (albite, silica) that hosts mineralization Untested Notes: 1. See technical report titled Technical Report and Resource Estimate on the Cachoeira Property, Para State, Brazil with an effective date of Oct. 2, The above technical report is available at under BRI s profile. 18

19 Cachoeira Project three deposits Tucano - Section Au (g/t) Classification Cachoeira Resources (0.35 g/t cut-off) Tonnes Gold Grade (g/t) Gold (oz) Indicated ,000 Inferred ,000 Notes: 1. See technical report titled Technical Report and Resource Estimate on the Cachoeira Property, Para State, Brazil with an effective date of Oct. 2, The above technical report is available at under BRI s profile. 19

20 Whistler Project - Overview ~$50 M in exploration. Located in stable mining jurisdiction with six producing mines and several advance stage projects. District-scale project (170 sq km). 50-person all season exploration camp and airstrip for staging exploration programs. Multiple potential power/access routes. Whistler Project Fairbanks Anchorage 20

21 Whistler Project Location, Access & Infrastructure 21

22 Whistler Project Porphyry District (170 sq km) Bulk mineable gold-copper porphyry mineralization with multi-million ounce resource estimates (Whistler, Raintree West and Island Mountain deposits). Several mineralized targets intersected in core require follow-up. Numerous geophysical and geochemical targets require drilling. 70,000 m of diamond drilling to date. Favorable metallurgical recoveries at all deposits. 22 Notes: 1. See technical report titled NI Resource Estimate for the Whistler Project with an effective date of March 24, The above technical report is available at under BRI s profile.

23 Whistler Project Resource Project Cut-off Tonnes Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq (g/t) (Mt) (g/t) (g/t) (%) (g/t) (Moz) (Moz) (Mlbs) (Moz) Indicated Resources Whistler IM Total Inferred Resources Whistler IM RW (Zone A) RW (Zone B) Total Notes: 1. See technical report titled NI Resource Estimate for the Whistler Project with an effective date of March 24, The above technical report is available at under BRI s profile. 23

24 Whistler Project satellite deposits & targets Snow Ridge Puntilla Round Mountain Looking NW Whistler Spur Targets Raintree W Puntilla Airstrip Long Lake Hills 2.25 Moz Au Eq. indicated 3.35 Moz Au Eq. inferred* g/t Au, 0.18% Cu, 3.9 g/t Ag within m of 0.72 g/t Au, 0.12% Cu, 3.2 g/t Ag Raintree N Rainmaker g/t Au, 0.17% Cu. WB Camp & Airstrip Raintree S g/t Au, 0.19% Cu, 1.55 g/t Ag g/t Au, 1.3g/t Ag, 0.10% Cu Skwentna River Portage Ck Winter Trail Access Route 24 Notes: 1. See technical report titled NI Resource Estimate for the Whistler Project with an effective date of March 24, The above technical report is available at under BRI s profile.

25 Rea Uranium Project Western Athabasca Basin Acquired through the acquisition of Brazilian Gold in Dec $10 M in exploration. District scale land holdings in the western Athabasca Basin 125,000 hectares. Brazil Resources owns 75% and AREVA owns 25%. Surrounds Areva s high-grade Maybelle deposit. Discovered in Areva completed their first drill program this winter since New exploration model (basement hosted) since last period of exploration. Since 2014, nearby high grade and large discoveries (NexGen and Fission). Notes: 1. See technical report titled NI Technical Report on the Rea Property, Northeastern Alberta with an effective date of September 12, The above technical report is available at under BRI s profile. 25

26 Rea Project Large Land Package 26 Source: SNL Metals and Mining/Intierra Maps November 2014

27 Toll Free: (855) Fax: (604) Corporate Head Office West Georgia Street Vancouver, British Columbia Canada V6E 2Y3 Chairman: Amir Adnani CEO: Garnet Dawson President: Paulo Pereira Corporate Counsel: Sangra Moller LLP Auditors: Ernst & Young TSX-V: BRI / OTCQX: BRIZF