Summary Overview of PGM Mineralized Zones at the North End of the River Valley Deposit near Sudbury, Ontario

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1 Summary Overview of PGM Mineralized Zones at the North End of the River Valley Deposit near Sudbury, Ontario Technical Presentation Dr. Bill Stone Principal Consulting Geoscientist Toronto March 2017

2 Claims Map & Property Geology 2 Pardo Zone Lismer North Zone Lismer Main Zone RIVER VALLEY PGM DEPOSIT (Meas + Ind: g/t PdEq) Huronian Dana North Zone Exploration Focus Varley Zone River Valley Project Dana South Zone paragneisses Jackson Flats Banshee Zone River Valley Intrusion Razor Zone River Valley Extension NAM owns 100% of the River Valley PGM Project (RVP) and the River Valley Extension Project (RVX), for a strategic land position totalling 15,800 acres RVP includes two unpatented Mining Leases and 16 unpatented mining claims RVX includes 14 unpatented mining claims Azen-Spade Zone Drop Zone On RVP property, the River Valley PGM Deposit is 12 km long, up to 0.2 km wide and open at depth Deposit is offset along NE-SW trending cross-cutting faults into separate zones Exploration Focus: target higher-grade, near-surface mineralization in north part of River Valley deposit

3 Grenville Front Exploration Focus 2 km GAP Pardo Zone The four northern zones at a higher cut-off grade have a contained metal content of approx. 500 Koz Pd+Pt 3 Dana North Zone* M+I: 1.5 g/t PdEq 805 access rd Lismer North Zone* M+I: 1.4 g/t PdEq Exploration Goal: to double the contained metal content in this north area to 1Moz Pd+Pt Dana South Zone* M+I: 1.6 g/t PdEq Banshee Zone* Inf: 1.0 g/t PdEq Target higher grade for drill testing, particularly in the 2 km GAP between Dana North Zone and Pardo Zone *For details of the current mineral resource estimate, see www. WBSZ = West Boundary Shear Zone

4 Targeting Higher Grade 4 D a n a Target T2 access rd N D a n a Target T2 approx location of contact at surface paragneiss paragneiss River Valley Intrusion River Valley Intrusion approx location of contact at surface 200m IP chargeability map of Dana North Zone area showing anomalies in the footwall Footwall rocks at surface are sulphide poor paragneisses and intrusions 200m Dana South approx location of contact at surface Legend Main IP anomaly Stripped areas ( )

5 2015 Drilling: Discovery at Target T2 5 FW BZ T2 Target A B (section line for slide 8) DN002: 3.91 g/t Pd+Pt, 0.12 g/t Au, 0.26% Cu/9m DN001: 2.05 g/t Pd+Pt, 0.09 g/t Au, 0.18% Cu/16m BU$ HU top In addition to the mineralized intercepts, the stratigraphy of the River Valley Intrusion in the discovery drill holes is upside down, as predicted Plan view of 0.9 g/t PdEq grade shell (red) showing location of Target T2 in footwall to Dana North Zone. Drill hole traces colour coded for assay results. 3D image: not to scale Holes 2015-DN001 and 002 drilled from SSE to NNW to properly test mineralization and geology at Target T2 Intersected higher grade mineralization over wide intervals at shallow depths, under the main access road to Dana North

6 2016 Drilling: Discovery Confirmation 6 Plan View D a n a T2/Pine Zone 3 Pine Zone Cross Section me surface Dana North Zone T2/Pine Zone D Image: not to scale 2016 Hole DN-T2-06: intersected 4.07 g/t Pd+Pt, 0.18 g/t Au, 0.28% Cu over 9 metres from 178 metres downhole 2016 Hole DN-T2-10: intersected 3.09 g/t Pd+Pt, 0.07 g/t Au, 0.19% Cu over 4 metres from 202 metres downhole 2016 Hole DN-T2-11: intersected 2.42 g/t Pd+Pt, 0.08 g/t Au, 0.18% Cu over 8 metres from 219 metres downhole Target T2 hereafter named the Pine Zone View looking west

7 DNZ Pardo Geological Model for Pine Zone 7 Structural Model Analogue A. Finite strain ellipse and associated foliation lean over in the sense of dextral shear and rotate toward the shear zone during progressive deformation B. Sigmoidal foliation patterns develop in the dextral shear zone C. Variations in finite strain ellipse based on foliation patterns from Davis & Reynolds (1996) Pine Zone location and orientation due to dextral transposition into coincidence with the West Boundary Shear Zone during ductile fault/fold deformation along the Grenville fault system

8 Dana North Zone 8 Dana North Cross Section mn A Dana North Zone IP anomaly B surface River Valley Intrusion paragneiss??? Orthogonal view looking north at mineralized domains defined by 0.9 g/t grade shell (red) Huronian Majority of pre-2015 holes drilled from west to east Five of the Dana North holes intersected River Valley, PGM mineralization and country rocks in footwall But footwall mineralization not recognized as separate and apart from Dana North Zone until mid-2012 Initial 3D model (translucent red) created 2013

9 Dana North Cross Section mn Dana North Zone 9 Dana North Zone surface River Valley Intrusion paragneiss drill target Target T3 View Looking North Huronian

10 Dana South Cross Section mn Dana South Zone 10 surface Dana South Zone View Looking North

11 Lismer North Zone Cross Section me Lismer North Zone 11 surface Lismer North Zone View Looking West

12 2017 Exploration Plans 12 DN-T2-06: 4.07 g/t Pd+Pt/9m DN039: 2.19 g/t Pd+Pt/32m DN-T2-10: 3.15 g/t Pd+Pt/4m DNO34: DN-T2-11: 2.42 g/t Pd+Pt/8m 2.39 g/t Pd+Pt/24m DNO35: 1.18 g/t Pd+Pt/30m DNO21: 2.31 g/t Pd+Pt/8m DL-116: 1.54 g/t Pd+Pt/26m DL-124: 2.77 g/t Pd+Pt/20m DL-125: 1.79 g/t Pd+Pt/10m DNO32: 1.11 g/t Pd+Pt/8m DL-126: 4.58 g/t Pd+Pt/6m Image of 3D Model: not to scale Vertical distance from surface to T3 = 350m View looking west from above surface at 3D model of the Dana North-Pine Zones Note Pine Zone is open to expansion by drilling down-dip towards footwall Target T3, up-dip towards surface and laterally along strike towards Pardo Zone

13 Exploration Proposal Geophysical Surveys Study previous surface and downhole IP geophysical survey data Perform new IP geophysical surveys, mainly to expand Pine Zone Model and interpret survey data for higher grade drill targets Drill Priority Targets Pine Zone Target T3 Evaluate other Pine Zone like footwall targets

14 Additional Higher-Grade PGM Targets 14 Target T3: large overlapping geological & surface IP chargeability anomaly in footwall to Dana North Zone and possible down-dip continuation of Pine Zone Target T9: surface IP chargeability anomaly in footwall to Lismer Zone Targets T4-T8: modelling in progress Plus Pardo Zone to the north and River Valley Extension Project to the south

15 Disclaimers 15 Safe Harbour Statement This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2010 and beyond could differ materially from the Company s current expectations. Forward-looking statements are identified by words such as "anticipates," "projects," "expects," "plans," "intends," "believes," "estimates," "targets," and other similar expressions that indicate trends and future events. Forward Looking Statements Certain information presented, including discussions of future plans and operations, contains forward-looking statements involving substantial known and unknown risks and uncertainties. These forward-looking statements are subject to risk and uncertainty, many of which are beyond control of company management. These may include, but are not limited to the influence of general economic conditions, industry conditions, fluctuations of commodity prices and foreign exchange rate conditions, prices, rates, environmental risk, industry competition, availability of qualified staff and management, stock market volatility, timely and cost effective access to sufficient working capital or financing from internal and external sources. Actual results, performance, or achievements may differ materially from those expressed or implied by these forward looking statements. Qualified Person Statement The information in this presentation that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geologist, Pacific North West Capital Corp. Dr. Stone is a Qualified Person as defined by National Instrument , and has reviewed and approved the technical content of this presentation.

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