Investor Presentation. May 2018

Transcription

1 Investor Presentation May 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, orthat events orconditions "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 A Competitive Focus 100%-owned Cuale gold project 6 Joint Ventures, regional alliance Generative exploration Golden Triangle, British Columbia South Central BC British Columbia Key mineral belts in western North America Golden Triangle, British Columbia (copper and gold) South Central BC, British Columbia (copper and gold) Laramide Porphyry Belt, northwest Mexico and Arizona (copper and gold) Sierra Madre Occidental, western Mexico (gold and silver) Laramide Porphyry Belt, Mexico Sierra Madre Occidental, Mexico

4 Cuale Project 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 La India Mulatos El Sauzal 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 Cuale

5 Cuale Project Location Two hour drive south of Puerto Vallarta Agnico Eagle Mines' Barqueño project (663,000 oz gold, 2.2 Moz silver); Endeavour Silver's Terronera project (311,000 oz gold, 37 Moz silver) 97 km 2 claim size Excellent infrastructure with roads and power crossing the property No known prior exploration

6 Cuale Project Initial Exploration

7 Cuale Project Initial Exploration Initial sampling identified gold in rocks and soils Geological traverses identified a 3 x 3.5 km high sulphidation alteration zone Phase One program commenced in December followed by Phase Two in February-March 2018

8 Cuale Project Phase One Exploration Results Initial sampling in 300m triangle of outcropping gold mineralization Trenching indicates significant upside; Trench #3: 0.61 g/t gold over 20 metres Trench #2: 7.4 g/t gold over 9.4 metres Trench #1: 0.53 g/t gold over 25.4 metres

9 Cuale Project Phase Two Exploration Results Shallow subcrop at top of La Gloria zone has allowed for trenching to be effective Four trenches have been completed or extended in Phase Two Trench From To Width Au (g/t) Top Cut Au (g/t) [Cut at 30.0 g/t] Comment Trench n/a Whole trench* Including n/a Including n/a Including n/a And n/a Including n/a And n/a And n/a Trench Whole trench Including (Overburden to west exceeded reach by hand) Trench n/a Whole trench* Including n/a Trench Whole trench* Including Including Including

10 Cuale Project Geology Geology from Phase Two is being compiled Alteration is hosted in lithic and crystal tuff and felsic intrusive units Alteration zones from an outboard and lower elevation low temperature propylitic zone inwards to a central core of high temperature clay and massive to vuggy saccharoidal quartz High temperature alteration mapped over 2200 metre x 1500 metre area Core La Gloria zone contains strong gold

11 Cuale Project Geology Trench 1 Vuggy quartz from Trench 3 grading 9.1g/t gold Saccharoidal quartz and hematite from sample in Trench 4

12 Cuale Project Summary Very early stage of exploration 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 Next steps include: Complete additional trenching, geophysics, soil survey, mapping; procure drill permits

13 Evrim Partnerships (past and present) Exploration Expenditures YTD $22 million EVM Funded $4.75M 80% Partner Funded $17.25M Partner Funded

14 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+

15 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 January 2019 and a 2% NSR to Evrim Epithermal gold target located three kilometres from Santa Elena mine boundary Discovery drill hole EW16-04 grades 11.4 g/t gold and 86 g/t silver over 18 metres Follow up hole EW16-05 grades 7.3 g/t gold and 72 g/t silver over 12.3 metres Follow up hole EW16-06 grades 11.5 g/t gold and 633 g/t silver over 8.2 metres 2018 est program: 13,000m of drilling

16 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

17 Sarape Project LOI 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 km north of Ermitaño West discovery Mercedes (Premier Gold) 1.6Moz gold and 17M ounces silver Santa Elena (First Majestic) 35M ounces silver and 0.5M ounces gold Llano del Nogal Mercedes (Premier Gold) Santa Elena (First Majestic) Sarape 2018 est program: US$500K

18 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 est program: Up to 4,900m of drilling

19 Cerro Cascaron Chihuahua, Mexico GOLD/SILVER Partnership with Harvest Gold (TSX.V:HVG) HVG may earn in up to 80% interest with $6M in exploration, $1.1M cash, 2M shares to Evrim, and a compliant feasibility study over nine years Mulatos Ocampo Palmarejo El Sauzal Sierra Madre Occidental 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 2018 est program: 3,000m of drilling Cerro Cascaron Gulf of California 200km Metates Tayoltita

20 Multi-year Alliance with Newmont Two-year $1.80 million exploration alliance signed in 2017 with Newmont Mining Following the 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 gold 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

21 Management Paddy Nicol, MBA President & CEO Over 20 years of public company management Served on the boards of several exploration companies Stewart Harris, B.Sc., P. Geo VP Technical Services Over 25 years of mineral exploration experience Extensive experience in the Americas Mahesh Liyanage, CPA, CA Chief Financial Officer Over 20 years of experience The past 8 years as CFO of several exploration companies Alain Charest, B.Sc. VP Exploration Mexico Over 30 years experience Former CEO of Arcelia Gold Corp. (private prospect generator in MX) Record of discoveries Charles Funk, B. Sc. Hons VP New Opportunities and Exploration Over 10 years of experience of exploration and project evaluation Wide range of experience in porphyry, epithermal and IOCG deposits.

22 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.

23 Share Information Shares Total outstanding as at ( ) 77,997,042 Options $0.18 $0.25 (5 years) 5,925,000 Warrants 7,722,579 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 11.0% Altius Minerals 17.5% 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