Evolving Exploration VALUE THROUGH DISCOVERY. July 2018

Transcription

1 Evolving Exploration VALUE THROUGH DISCOVERY July 2018

2 Focus on key mineral belts in western North America Evrim Value Drivers 100%-owned Projects Cuale HSE project Jalisco, Mexico Royalties Ermitaño deposit 2% NSR Cumobabi project 1.5% NSR JV/Alliances Seven exploration partnerships $7-$8 million partner funding Golden Triangle, BC Porphyry copper/gold - Antofagasta South Central BC Porphyry copper/gold - Antofagasta District Scale Projects in key mineral belts in western North America - Golden Triangle & south central B.C.; Laramide porphyry belt in north west Mexico & Arizona; and Sierra Madre Occidental in western Mexico. Strategic Partnerships with quality industry partners to participate in multiple discovery opportunities by leveraging their capital and technical capacity. Participation in exceptional value creation opportunities through a growing and diverse portfolio of projects. Minimized dilution by partner funding at the project level. Near-term Value through multiple future royalty streams and ROI. Gold Alliance in the Americas Newmont Mining Laramide Porphyry Belt, Mexico Epithermal gold-porphyry copper/gold Coeur Mining, First Majestic Silver Sierra Madre Occidental, Mexico Epithermal gold Cuale Project, Harvest Gold

3 100% Evrim Owned Projects CUALE High sulphidation epithermal Au-Ag Jalisco, Mexico Size: 232 km 2 100% Owned by Evrim Mapping, trenching, soil survey, geophysics Cuale is a 232 square kilometre early stage exploration property prospective for high sulphidation epithermal gold-silver, located 185 kilometres west of Guadalajara in the Cordillera Madre del Sur. Cuale was identified and staked under the Callinan Royalties Generative Alliance (now owned by Altius Minerals). Evrim acquired full title of the project in November 2017 subject to a 1.5% NSR for precious metals and 1.0% NSR for base metals to Altius Minerals. The property is located within the Talpa de Allende area of Jalisco near Agnico Eagle Mines' Barqueño Au-Ag project and Endeavour Silver s Ag-Au Terronera project. The area is close to infrastructure with roads and powerlines crossing the property. Following an initial program of rock chip and soil sampling in late fall of 2017 that outlined a 500 metre by 250 metre zone of gold mineralization, Evrim launched a Phase Two trenching program in April 2018 which identified consistent outcropping mineralization extending over 106 metres by 263 metres in trenches 1 and 4. In May 2018 the project was increased in size with the addition of 86 square kilometres to the north and east for a total of 232 square kilometres. Evrim has submitted applications for drill permits and expects to commence drilling by the end of July towards a 3,000 metre drill program. In the interim, a third phase of exploration is in progress comprising soil sampling to be followed with up to 650 metres of trenching at La Gloria and surrounding targets to extend the known footprint of outcropping gold mineralization. The Company has met with the local community at Cuale to establish a mutually beneficial relationship as the project progresses. Environmental consultants have been engaged to commence baseline studies of the property prior to the start of drilling. Among the trenching results, metres graded 1.67 g/t gold in Trench 1, and metres graded g/t gold in Trench 4, including 50 metres grading g/t gold. (see Evrim's website for complete assay table). A new zone of high temperature alteration was identified at La Gloria significantly extending the size of the footprint to 2.3 by 2.2 kilometres. Sampling Trench 1 Fine gold panned from powdery saccharoidal quartz in Trench 4 Saccharoidal quartz and hematite from sample in Trench 4 grading 29.9 g/t gold

4 Royalties - Mexican Base and Precious Metals ERMITAÑO Au & Ag low sulphidation epithermal veining Sonora, Mexico Size: 165 km 2 Optioned to First Majestic Maiden inferred resource Ermitaño consists of 165 square kilometres of contiguous mineral tenure located approximately 145 kilometres from Hermosillo and about 3.5 kms southeast of First Majestic's Santa Elena goldsilver mine in Sonora, Mexico. Access to the property is by paved highway and secondary roads. A ten-hole, 3,156 metre diamond drill program was completed in 2017 and on March 29, 2018 an inferred maiden resource on the Ermitaño West vein was announced of 40.8 million ounces silver equivalent with average grade of 4.0 g/t gold and 68 g/t silver. This is estimated to be approximately 562,000 ounces gold equivalent using the same parameters and assumptions as that reported by First Majestic for the resource (see Evrim NRS of April 5, 2018). Among the highlights reported of the ten-hole program at Ermitaño West was drill hole EW16-04, grading 11.4 g/t gold and 86 g/t silver over 18.0 metres, including 3.3 metres grading 34.6 g/t gold and 242 g/t silver. A new significant discovery on the Ermitaño property known as the "Aitana" vein indicates potential to add to the announced resource. First Majestic has announced plans to complete 13,000 metres of infill and expansion drilling at depth at Ermitaño West in 2018, as well as explore the recently discovered Aitana vein. CUMOBABI Cu-Mo-Au-Ag Sonora, Mexico Size: 240 km 2 Optioned to First Majestic Drill Stage Cumobabi consists of 240 square kilometres of contiguous mineral tenure located 130 kilometres north east of Hermosillo, the capital of Sonora State, Mexico, and only 60 kilometres southwest of the smelter at Nacozari. Cumobabi is within the Sonora porphyry Copper-Molybdenum belt, host to the world class Cananea and La Caridad porphyry deposits. First Majestic Silver, Evrim s exploration partner, is in the process of a 7,000 metre drilling program. The property comprises three known target areas which have seen little systematic exploration despite evidence of porphyry mineralization and alteration. Cumobabi is held 100% by Evrim and is subject to a 2% NSR. El Chileno Target - Extensive kilometre-scale phyllic alteration halo with local potassic alteration of a quartz feldspar porphyry. Jurahui Target - Covers 10 square kilometre area of coincident copper & molybdenum in stream sediment geochemistry, magnetic low signature and clay/iron oxide alteration. Potreritos - Copper and Silver mineralization is associated with quartz tournmaline breccia developed within phyllic and potassically altered granodiorite.

5 Exploration Partnerships SARAPE Size: 57 km 2 Au-Ag epithermal vein Sonora, Mexico Optioned to Coeur Mining, Inc. Geological Mapping and Prospecting for Drilling Sarape is a 57 square kilometre early stage exploration property prospective for epithermal goldsilver deposits situated in Mexico's Rio Sonora valley in a geological and structural setting comparable to that of the significant deposits and mines in the district. Sarape is a large land package near excellent infrastructure with roads and power crossing the property. On June 18, 2018 the Definitive Agreement for the Sarape property was signed giving Coeur the exclusive right to acquire up to an 80% interest in the Sarape property by spending up to US$16.5 million on exploration, making staged cash payments of up to US$2.55 million, and completing a NI compliant Feasibility Study on a minimum measured and indicated resource estimate of 1,000,000 ounces gold equivalent, within a ten-year period. Coeur has planned a US$500,000 exploration program in 2018; drilling is expected to take place in early CERRO CASCARON Size: 69 km 2 High grade Au-Ag epithermal vein Chihuahua, Mexico Optioned to Harvest Gold Corporation Geological Mapping, Geophysical Survey, and Prospecting for Drilling Cerro Cascaron is a 69 square kilometre, low to intermediate sulphidation, epithermal gold bearing system in the Sierra Madre Occidental of Chihuahua, Mexico, ~55 kilometres southeast of Goldcorp's El Sauzal gold mine. At the eastern segment of the property lies a high-grade gold vein field spanning approx. 18 square kilometres. Veining has been mapped over 900 vertical metres, with classic textural evidence of hydrothermal boiling accompanying the highest gold grades. Boiling zone has been established in the upper 380 metres of the vein field. Beneath the boiling zones, silver and base metal rich veins and breccias provide additional exploration targets. The property also contains a substantial silver rich breccia target (La Cascarita) located 5 kilometres west of the currently defined gold field. Phase 1 exploration has defined two major veins: the Sarape vein, a northwest trending vein measuring 6.0 kilometres in length and up to 12.0 metres in width, and the Chiltepin vein, a west trending vein measuring 2.6 kilometres in length and up to 3.0 metres in width. Both veins are located either side of a Laramide age horst block. Systematic channel sampling reveals the western portion of both veins contain barren white quartz and calcite veins. In November 2017 Harvest Gold completed the first phase exploration program confirming the project s district-scale potential. Soil sampling extended all veins by 600-1,800 metres in strike length; two new vein corridors were defined within the Cascaron vein field totaling 16 veins; and a 1.8 kilometre long, gold-in-soil vein corridor was defined, north and east of Julieta and Serpiente Dorada. Approximately 3,000 metresof drilling is expected in Qualified Person Statement: The content of this presentation has been reviewed by Stewart Harris P.Geo., Vice President, Technical Services for the Company. Mr. Harris is a Qualified Person as defined under the terms of National Instrument

6 Exploration Partnerships BALL CREEK Size: 524 km 2 Cu-Au-Ag±Mo porphyry, Au-Ag epithermal British Columbia, Canada Optioned to Antofagasta PLC Geophysical Survey, Geological Mapping and Prospecting for Drilling Ball Creek is situated in a favourable structural and stratigraphic setting within NW B.C. s productive Golden Triangle. It is prospective for copper-gold porphyry and epithermal gold-silver deposits and hosts multiple mineral centres. Moderate topography located only 8 kilometres west of Hwy 37 and the 287 kv Northwest Transmission Line. The 524 square kilometre land package hosting several copper and gold systems remains significantly underexplored with high quality data from historic exploration programs. Antofagasta has budgeted over $3.2 million in 2018 for exploration at Ball Creek where it can earn up to a 70% interest for US$31 million on exploration or a compliant pre-feasibility study over 13 years. Recent work by the BCGS has identified the Eskay Rift and the Jurassic unconformity as possible regional-scale controls on significant gold and copper mineralized systems. Several porphyry copper-gold and epithermal gold systems are in close proximity including the Ball Creek prospects, Mess Zone, Rainbow North and North & South More porphyry prospects and the Rojo Grande epithermal prospect. AXE Size: 50 km 2 Cu±Au porphyry British Columbia, Canada Optioned to Antofagasta PLC Geophysical Survey, Geological Mapping and Prospecting for Drilling Axe is a 50 square kilometre drill ready copper-gold target located in the Quesnel terrane of south-central British Columbia, a well known metallogenic belt that is host to such mines as Highland Valley, New Afton and Copper Mountain. The property has an extensive porphyry system comprising four known porphyry centres and newly defined drill targets at the West, Mid, South and 1516 zones. In December 2017, Evrim signed an agreement with a wholly-owned subsidiary of Antofagasta plc for the project whereby Antofagasta can acquire a 70% interest in the Axe property by incurring US$50 million in exploration expenditures, making cash payments of US$800,000, and completing a NI compliant Preliminary Economic Analysis over a ten year period. EXPLORATION : For 2018 a drill targeting program of 2,400 metres of core and 1,000 metres of reverse circulation is expected. In July 2017, Evrim completed an extensive data review including detailed logging of over 5,000 metres of historic drill core, reprocessing of geophysical data, and digitizing old records. Drilling by previous operators returned intersections including metres of 0.35% copper and 0.22 g/t gold in drill hole A07-08, including 10.5 metres of 1.55% copper and 0.94 g/t gold at the West Zone.

7 Alliances Available for Option NEWMONT PARTNERSHIP Size: Gold Undisclosed N/A Alliance with Newmont Greenfield exploration ongoing Two-year $1.84 million exploration alliance signed in July 2017 Newmont may option each project of merit by solely funding exploration for 10+ years until a NI pre-feasibility study is defined on resources >2 million oz gold and cash payments. A 20:80 JV (Evrim/Newmont) will be formed with Evrim as the operator for first $5 million in exploration expenditures. Evrim may convert its equity interest in each project for 2% NSR, with 0.5% buy downs up ranging from $5 million to $10 million. Second greenfield exploration alliance with Newmont since Trans-Mexican Volcanic Belt program in LLANO DEL NOGAL Cu±Mo±Au porphyry, Au-Ag epithermal Sonora, Mexico Size: 104 km 2 Available for Option Geophysical Survey, Geological Mapping and Prospecting for Drilling One of the few major copper porphyry targets within the Cananea La Caridad porphyry copper belt that remains undrilled. No detailed systematic exploration has been carried out. Windows of Cretaceous volcanic rocks cut by Laramide-aged intrusions and a favourable erosional level for systems in pre-mineral rocks and beneath post-mineral cover. Porphyry-style alteration, hydrothermal breccias and copper mineralization mapped. Geologic setting permissive for epithermal deposits; a series of high-level epithermal style vein systems with substantial strike lengths have been delineated and have returned significant gold and silver values. Extensive, strong alteration system exposed over some 25 square kilometres indicates a large hydrothermal system. Airborne magnetics show potential porphyry targets. 3 NEstriking epithermal vein systems returned values incl 253 g/t silver & 0.98 g/t gold with anomalous epithermal pathfinders. Evrim has identified Laramide intrusions and quartz-sericitealtered hydrothermal breccias associated with copper mineralization in host andesites. This document includes certain statements that may be deemed "forward looking statements. To view full disclosure please see:

8 Share Information Exploration Expenditures YTD $26 million EVM Funding $5M Shares Total outstanding as at ( ) 79,392,249 Fully Diluted 91,644,621 Partner Funding $21M 80% Partner Funding Current Working Capital Est. monthly burn rate (including exploration and project acquisition costs) Insider ownership 10.00% Adrian Day Asset Mgmt % Altius Minerals 15.00% $5.5 million $200,000 An estimated $7-$8 million in 30,000 metres of drilling is planned by our partners in 2018 Sprott Global ~10.00% Contact: Paddy Nicol - President & CEO, Charles Funk VP, New Opportunities & Exploration at info@evrimresources.com or Donna Yoshimatsu, Investor Relations at donnay@evrimresources.com