OTC: MPUCF; Xetra: MOP HIGH GRADE GOLD IN THE TIMMINS CAMP Investor Presentation TSX: ME OTC: MPUCF I XETRA: MOP February, 2019
Forward-Looking Statements This presentation contains forward-looking information and forward-looking statements, collectively forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration programs, potential mineralization, future plans and objectives of the Company, updated to the mineral resources, and the timing and results thereof) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other risks involved in the mineral exploration industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. 2
Overview of Moneta Ontario Focused Gold Explorer in the Timmins Camp FLAGSHIP ASSET New Updated Resource Significant high grade resource Latest Resource in District Excellent Neighbourhood: Major new resource with grade Goldcorp, Pan American Silver, McEwen Mining, Osisko Mining and Kirkland Lake Gold Resource open for expansion Regional scale potential 1) See appendix for more details on NI 43-101 technical report to be dated February 2019 3
Moneta s Highlights 100% Ownership of Major Land Package consisting of 6 Gold Projects along the Prolific Destor-Porcupine Fault Zone (DPFZ) Existing Infrastructure to Support Future Gold Production Scenarios Existing Infrastructure to Support Future Gold Production Scenarios Good Neighbours: Goldcorp, McEwen Mining, Pan American Silver, Osisko Mining and Kirkland Lake Gold 50% Ownership of Garrison Project JV with Kirkland Lake Gold has a Current Resource 1 of 383,400 ozs (2.59Mt @ 4.61 g/t Au) Indicated & 873,200 ozs (6.46Mt @ 4.21 g/t Au) Inferred New targets identified Open and readily able to expand 1) See following slide for more details on NI 43-101 technical report dated February 2019 4
Corporate Information Shares Outstanding Options ($0.22) Fully Diluted 266.8 Million 15.3 Million 52 Week Range February 25, 2019 High: $0.18 Low: $0. 07 Current Share Price $0.12 282.1 Million Market Capitalization $34 Million Insider Ownership 10.7% Cash Position $2.2 Million Institutional Ownership 22.7% NO DEBT 5
6 Projects In The Timmins Camp Timmins Gold Camp has produced >75Moz Gold over the last 100 years 150km2 land package along the DPFZ Adjacent to operating mines with under-utilized mills Excellent infrastructure (roads, power and local workforce) 6
2019 Mineral Resource Update Updated Mineral Resource Estimate Based On New Geological Interpretation Focused on sediment hosted gold along regional BIF contact Targeted high-grade gold structures Established structural and geological controls on gold mineralization Re-logged and assayed all historical core Remodelled mineralized zones and targets Drilled 43,000m in 74 holes on new high grade targets Total drill database: 1,108 holes for 352,056 m Updated mineral resource estimate by Micon International Ltd 7
Project Location Located on the eastern end of DPFZ near the town of Matheson Patented and leased ground with no royalties 8
Geology Same sequence and age of units as Timmins Camp Major jog in DPFZ Several splays of the DPFZ Transgressive basin >12km strike length Pull-apart-basin setting Timiskaming age clastics Basal Conglomerates Banded iron formation (BIF) Coarse grained sandstone Quartz feldspar porphyry (QFP) intrusions Unconformities Extensional regime 9
Summary Large Archean Orogenic Gold Resource Deposit Type Archean Greenstone hosted Size and Scale Large open system drilled over ~4km strike length, of 12Km of DPFZ Several drill confirmed new targets identified Grade High grade mineralization structural setting Defining high grade extensional veins Readily able to expand high grade structures Current Resource 1 383,400 oz of Indicated (2.59 Mt @ 4.61 g/t Au) 873,200 oz of Inferred (6.46 Mt @ 4.21 g/t Au) 1) See following slide for more details on NI 43-101 technical report dated January 2019 10
Mineral Resource Estimate; Total As at January 2019 (Prepared by Micon International) Indicated Mining Method U/G Tonnes (t) 2,587,000 Inferred Grade (g/t Au) Ounces (oz) 4.61 383,400 Tonnes (000 s) 6,456,000 Grade (g/t Au) 4.21 Ounces (000 s) 873,200 Notes 1. The mineral resources presented here were estimated by Micon International using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) standards on Mineral Resources and Reserves definitions and guidelines. 2. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated Mineral Resources will be converted into Mineral Reserves. 3. Assay composites (1.0m) were capped at grades ranging from 13.0 g/t Au to 37.0 g/t Au based on geo-statistical support for each deposit area. 4. A block model was created with 5m x 5m x 10m parent blocks and sub-blocking as required using Ordinary Kriging (OK) grade interpolation. 5. The block is constrained to geological wireframes with a minimum width of 1.50 m. 6. Indicated Mineral resources were classified with a 50m search ellipse and a minimum of three drill holes. 7. Bulk densities were measured separately for each of the deposits which averaged 2.78 t/m3 for the total resource tonnage calculation. 8. A gold price of US$1,250/oz and an exchange rate of US$0.75 = C$1.00 was used in the Au cut-off grade calculation of 3.0 g/t. 9. This mineral resource estimate is dated January 16, 2019. The effective date for the drill-hole database used to produce this updated mineral resource estimate is November 19, 2018. 10. Totals in the table may not sum due to rounding. 11. Additional details in NI 43-101 technical report dated January 2019 11
Mineral Resource Estimate by Deposit As at January 2019 (Prepared by Micon International) Indicated Grade (g/t Au) Ounces (oz) 2,007,000 4.63 298,900 5,583,000 4.21 755,800 WJ South 364,000 4.19 49,100 173,000 4.59 25,500 55 Zone 216,000 5.11 35,400 327,000 4.31 45,300 WJ North - - - 265,000 3.80 32,400 Discovery - - - 108,000 4.12 14,300 383,400 6,456,000 4.21 873,200 Deposit South West Total Tonnes (t) Inferred 2,587,000 4.61 Tonnes (t) Grade (g/t Au) Ounces (oz) Reported at a 3.00 g/t Au cut-off 1) See preceding slide for more details on NI 43-101 technical report dated January 2019 12
Resource: Selectivity by Cut-Off Grade Cut-Off Indicated Inferred Grade Tonnes Grade Ounces Au Tonnes Grade Ounces Au (g/t) (t) (g/t) (oz) (t) (g/t) (oz) 4.50 966,929 6.33 196,663 1,706,160 5.48 300,740 4.00 1,326,092 5.76 245,623 3,499,852 4.87 548,450 3.50 1,940,391 5.12 319,332 4,792,856 4.57 704,136 3.00 2,926,889 4.48 422,007 7,050,846 4.13 936,553 2.50 4,502,510 3.87 560,013 10,932,459 3.63 1,276,929 2.00 7,352,539 3.23 763,695 18,055,987 3.07 1,784,704 1.50 12,666,444 2.60 1,058,641 27,776,693 2.61 2,331,599 1.00 20,528,224 2.08 1,373,708 41,086,071 2.17 2,862,682 0.50 27,000,469 1.77 1,533,384 54,789,734 1.81 3,196,824 Note: The mineral inventory used in the sensitivity analysis table at various cut-off grades have not been corrected to remove isolated blocks which do not have a reasonable chance of extraction. The removal of isolated blocks has been conducted for the mineral resource estimate reported at a 3.00 g/t Au cut-off resulting in a loss of 9.8% of tonnes and 7.6% of ounces from the mineral inventory at this cut-off grade. 13
Resource Geology: Cross Section View Gap Focus has been on South West Shallow and limited drilling at 55, Windjammer South West Block: Not included in resource 14
Resource Expansion Potential First new mineral resource update New geological model Coarse grained sandstone host: open High grade plunging shoots open High grade structures not drilled out Gaps within resource model; open Linking veins to high grade extensions at depth; open Depth extensions; open 15
Exploration Potential Multiple new targets located along BIF contact Regional structural setting Historically drill tested Same geological setting as current resources Extensional quartz-pyrite veins Ankerite-silica-pyrite-seri cite altered clastics New gold vein systems hosted in Timiskaming sediments 16
BIF Related Exploration Potential New gold vein systems hosted in Timiskaming sediments West Block not modelled in current resource Mineralization under Main Fault Depth extensions at 55 Zone, Gap and Windjammer South Westaway, Halfway, Dyment 3 and Western targets: Historically drilled 17
Comparable Company Valuations Moneta Porcupine; 5.56 : Grade in g/t Au 18
Precedent Transactions Moneta Porcupine; December, 2018 19
2019 Exploration Plans Expand and Improve Updated Mineral Resource Estimate Drill extensions and gaps within higher grade portions of resource Target wider zones within coarse sandstone Drill plunge extensions of high grade zones at South West Drill test size potential at 55 and Windjammer South Test new exploration targets areas at Halfway and Westaway Continue to de-risk project Additional metallurgical test-work on higher grade material PEA: If warranted 20
Management & Directors Directors: Management: Gary O Connor, B.Sc., FAusIMM CEO & Chief Geologist & Director Over 30 years of experience in international mineral exploration including 7+ new discoveries, drill delineation, scoping and feasibility studies of major gold deposits Ian C. Peres, CPA, CA President & CFO & Director Extensive capital markets experience in the resource sector; track record of generating shareholder value; founder and former Director/CFO of Energy Fuels (TSX: EFR) Kevin Heather, B.Sc. (Hons), M.Sc., Ph.D. Chief Geological Officer and Technical Committee Chairman for Regulus Resources Inc. (TSX-V: REG) Rod Cooper, P.Eng., MBA Former President and COO of Labrador Iron Mines, Senior Mining Analyst at Dundee Securities, and VP Technical Services of Kinross Gold Corp. Alex Henry, CPA, CA Capital markets financier and asset manager Patricia Sheahan, B.Sc. Independent director to TSX and TSX-V companies Mark Wayne, LL.B., CFA Independent director to TSX and TSX-V companies, former Chairman of Alamos Gold Warren Bates, P.Geo Independent director. Over 22 years of experience in the exploration industry 21
APPENDIX 22
Metallurgy 2012 SGS Metallurgical Recovery Test-work 6 composite samples submitted from each of the main areas 25 standard kinetic cyanidation recovery tests 5 nominal grind sizes (24µm to 123µm) 8hr, 24 hr and 48 hr extraction Average 24hr recovery (75µm): 91.8% Average 48hr recovery (86µm): 92.6% Average head grade: 0.85g/t Au Low NaCN consumption Low CaO consumption BMWI test on master composite: 15.8kwh/T (medium hardness) 23
CORPORATE CONTACT monetaporcupine.com Moneta Porcupine Mines Inc. 65 Third Avenue Timmins ON P4N 1C2 Tel: 1-705-264-2296 Timmins Email: info@monetaporcupine.com TSX : 24 ME