Fathom Minerals Ltd. Corporate Presentation (May 2016)

Fathom Minerals Ltd. Corporate Presentation (May 2016)

Forward Looking Statements This presentation may contain forward looking statements concerning the Company s plans for its properties, operations and other matters. These statements refer to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning reserves and mineral resource estimates may also be deemed to be forward looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward looking statements. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward looking statements. Forward looking statements are made based on management s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances change. Investors are cautioned against attributing undue certainty to forward looking statements.

METALS AND MINERALS FOR CLEAN ENERGY Exploration and Development of Minerals to Support Clean Technology & Energy in a Safe, Environmentally and Socially Responsible Way Fathom s Goal is to Recognise Potential Near Term Cash Flow Opportunities While Maintaining Significant Exploration Upside to Add Value for our Shareholders

Rottenstone Project PGE-Ni,Cu+(Au,Co) Saskatchewan, Canada

Why Rottenstone? THE POTENTIAL Early Stage Resource Opportunity Rottenstone Deposit Extension Mine Tailings Reclamation Potential Recent Scoping Study Conducted by Moose Mountain Technical Services Suggests Robust Economics (based on a 200,000 tonne High Grade PGE, Ni-Cu deposit) Multiple Rottenstone Type Deposits Property Geology Supports Numerous Rottenstone-Type Deposits; A Raglan-type Setting? Numerous, Untested High Quality Drill Targets Property Wide with Similar Rottenstone-Type Characteristics The Source Mother Rottenstone The Ultimate Prize the Source of the High Grade Mineralization at Rottenstone A World Class Multi-Million Ounce Platinum Equivalent Deposit

Where is Rottenstone? Saskatchewan, Canada Fraser Institute : #1 Mining Jurisdiction in Canada; #2 Mining Jurisdiction in the World Located 130 km North of La Ronge, northern SK Float / Ski Equipped Aircraft Accessible All Weather Road to within 60 km of Project Site Winter Trail Access to Site for Equipment Transport

Rottenstone Property - Tenure Gap and Wedge Areas (white between held Property) are the result of an administration system error when Saskatchewan converted from a Ground Staking to Paper Staking System. Fathom is working with the government to incorporate these gap areas into Fathom tenures.

Rottenstone Deposit Key Characteristics Potentially Highest Grade of its Type Ever Mined in Canada Grade Suggests Very Low Sensitivity to Commodity Price Fluctuation Potential Stand-Alone Precious Metal Mine R-Factor; Very High Metal, Sulphide Content in Rottenstone Ore Body (ultramafic sill) the Result of Significant Magmatic Event and a Master Magma Chamber within the Vicinity we call Mother Rottenstone

Rottenstone Past Production Rottenstone Deposit, Shallow Open Pit Mine; 1965 1969 Recovered, Processed on Site 28,724 Tons of Very High-Grade PGE-Ni-Cu + Au ore Reported Production Grades up to 3.28% Ni, 1.83% Cu + 9.63 g/t (Pt+Pd+Au) Mine Tailings On-site Contain ~ 2.0-2.5 g/t Gold Equivalent; Recover for Profit? Deposit Not Completely Mined Out; Post Mining Exploration Confirms More Ore Remains Current In-Situ Value of Rottenstone-type Ore ~ US$ 900.00 / tonne (CAN$ 1,100.00)

Rottenstone Data Base Extensive Drilling + 100 drill holes Totalling 10,000 m with Complete Database and Information Package Multi-Phase Air / Ground Exploration Surveys Airborne Geophysics; MAG-VLF/EM, VTEM Helicopter Biogeochemical Sampling (Photo) Ground Geophysics; VLF, MAG, TEM, HLEM, UTEM, Gravity and IP Ground Biogeochem, Soil Geochem Geological Mapping Historic Rottenstone Deposit Information Drilling; Plans and Sections; MAG and Gravity Defined Exploration Targets In the Vicinity of the Historic Rottenstone Deposit Throughout the Property

Rottenstone Deposit Ore Samples CM Massive Ore 8.3% Ni, 4.67% Cu, 9.09 g/t PGE s + Au Matrix Ore 4.0% Ni, 1.12% Cu, 10.48 g/t PGE s + Au CM

Geological Setting of Ni-Cu-PGE Sulphide Deposits Barnes and Lightfoot, 2005.

Rottenstone Fathom s Approach

Rottenstone Fathom s Approach Directive 1 Early Stage Resource Opportunity Evaluate and Test the Potential of Developing a Resource for Extension of the Original Rottenstone Deposit and the PGE, Ni-Cu rich Mine Tailings Directive 2 Property Wide Target Exploration for World Class Deposit Develop 3D Geological Model utilizing Existing Pre-mining and Post Mining Geological, Geophysical, Geochemical and Drill Data acquired at the Rottenstone Deposit and Surrounds to Define a set of Characteristics Unique to Rottenstone-Style Mineralization; the Rottenstone Fingerprint Utilize Rottenstone Fingerprint to Generate New and Refine Numerous Previously Defined Drill and Exploration Targets at Rottenstone Property Utilize Rottenstone Fingerprint to Prioritise, Ground Proof and Systematically Drill New and Old Exploration Targets at Rottenstone Property

Rottenstone Fathom Early Work Compilation of Existing Data Enhance the Database / Interpretation / Geological Model In 2015 Assayed 533 Drill Core Samples from 2003 Drill Program Not Previously Analysed In 2015 Reviewed, Collected & Assay Additional Drill Core Samples (225) from 2008 Drill Program In 2015, Initiated a Geological Model Results Suggested Rottenstone Deposit Mineralization Continues 100 m North and > 50 m South of Mine Rock Geochemical Data Confirms Metal Enriched Ultramafic Magma Pathways Leading to the Rottenstone Ore body and Significant other Pathways that Ultimately may Lead to Similar Ore Bodies Completed Scoping Study Possible Rottenstone Deposit Extension (2015)

Rottenstone Exploration Phase 1 Spring 2016 to Present - Set the Stage for Achieving Corporate Directives 1 & 2 (in Progress) 1. Diamond Drilling - Rottenstone Deposit & Adjacent Host Formation ( Completed April 4, 2016) 11 Drill Holes; 467 m 2. Incorporate 2016 Drilling, Historical Drilling, Geophysical and Geochemical Data into the 3D Geological Model 3. Additional Assaying and Metallurgical Study 4. Define Preliminary Resource for Rottenstone Extension and Resource for Mine Tailings 5. Within the 3D Geological Model Interpret / Define the Rottenstone Fingerprint 6. Develop Additional Exploration / Drill Targets at Rottenstone Project Utilising the Rottenstone Fingerprint

Rottenstone Exploration Directive 1 Phase 2 Deposit Extension & Tailings (H2 2016) Maiden Resource Development Additional Drilling as Required Government Discussions Begin Baseline Environmental Work Metallurgical Testing Plans for Growing Resource Phase 3 - Deposit Extension & Tailings (2017-2018) PEA and / or PFS on Rottenstone Mine Extension Additional Drilling as Required Engineering / Permitting Operations / Logistics Planning Contract Mining Custom Milling Access Road Customers Strategic Partners / Offtake Agreements / Sell Downs Mineralization offset at Fraser Fault

Rottenstone Exploration Directive 2 Phase 2 Property Wide Exploration (H2 2016) Review Exploration Targets from Previous Work Define New Targets Property Wide Systematic Exploration of Targets Ground Proof Exploration Targets with Soil / Rock Geochemistry &Geophysics Utilize Existing Deep Drill Holes for Downhole Geophysical Surveys to Further Review Deeper Exploration Targets in Rottenstone Deposit Area Prioritize and Drill High Quality Targets to Build Resources Phase 3 Property Wide Exploration (2017-2018) Systematically Drill Off Targets Based on Previously Defined Priority to Build Resources

Rottenstone Deposit Extension Scoping Study (Near Term Cash Flow Opportunity)

Scoping Study - Overview Open Pit Mining Along Historic Mine Extension Haul Crushed Raw Ore to Local Mill Site in Northern Saskatchewan ( No Initial Need to Construct and Permit an Onsite Mill) Create Ni-Cu and PGE Concentrate at Upgraded Local Facility Summer Mining; Winter Hauling Ni-Cu Concentrate Shipped to Eastern Canada Facility for Smelting and Refining PGE Concentrate shipped to Appropriate Facility for Elemental Recovery

Cash Flow Model (Base Plus PGM Recovery Upside) Base Case (With PGM Circuit) % PGM Recovery % 0% 10% 20% 30% 40% 50% 60% 70% 80% Before Tax Return on Investment IRR % 75% 87% 100% 112% 125% 137% 150% 162% 175% NPV5% $ million $17.8 $21.2 $24.6 $28.0 $31.4 $34.9 $38.3 $41.7 $45.1 NPV8% $ million $15.0 $18.1 $21.1 $24.1 $27.1 $30.1 $33.1 $36.1 $39.1 NPV10% $ million $13.5 $16.3 $19.0 $21.8 $24.6 $27.3 $30.1 $32.9 $35.6 Before Tax Payback Years 2.4 2.2 2.0 1.9 1.8 1.7 1.7 1.6 1.6 Based on Prices late October 2015; May 2016 PGM prices are ~ 15% Higher

Scoping Study - Conclusions The Rottenstone Mine Scenario Shows Positive Economics Based on current Geological Interpretation and a 200,000 tonne operation Assumptions Require Data Through Drilling and Metallurgical Testing in Order to Build a More Definitive Cost Model Based on the Assumptions, the Project Makes Economic Sense Recovering Only the Base Metals Recovery of 10% to 20% of the PGM increases Cash Flow by ~40% Recovery of 50% of the PGM increases Cash Flow by ~200% Recovery of 80% of the PGM increases Cash Flow by ~260%

Management Directors Brad Van Den Bussche, P Geol. Ian Fraser, P. Geo. Mark Cummings, CPA,CA Officers Brad Van Den Bussche President / CEO Ian Fraser VP Exploration Consultants / Advisors Dr. Larry Hulbert Ni-PGE Geology Paul Stacey Database & Modelling Jim Decker Mine Engineering Dave Passfield Mine Engineering Aiden Carey Operations Independent Mining / Geology Consultants - Moose Mountain Technical Services

Management Brad Van Den Bussche, P Geol. - B.Sc. (Honours) in Geology 30+ Years of Mining and Resource Industry Experience in Canada and Internationally Held Senior Management and Corporate Executive Positions Throughout his Career; Corporately and as a Consultant. Strong Success Record for Defining Deposits and Establishing Resources Ian Fraser, P. Geo - B.Sc. Geology 30+ Years of Exploration Experience in the Mining Industry, Canada and Internationally Expertise in Geologic Models and Exploration Implementation and Management Strong Success Record for Defining Deposits and Establishing Resources Mark G. Cummings, CPA,CA B.Com (Honors) Senior Financial Executive with Considerable Hands on Experience in Operations, HR and General Management Roles. Expertise Includes Financial and Operational Restructuring and Turnarounds, as well as Corporate Governance.

Share Structure Private Company Shares Outstanding 23 million* Management 49.5%* *As of April 29, 2016

Current Financing Private Placement (March May 2016) - up to $650,000 ( $450,000 closed as of May 1, 2016) $500,000 Hard Dollars @ $.05 $150,000 Flow Through @ $.06 Use of Proceeds (Phase 1) Exploration at Rottenstone - $250,000 (Completed April 4. 2016) Update Geological Model and Resource Work on Rottenstone Extension / Tailings $50,000 (Ongoing) Develop a Property Wide Deposit Model base on Rottenstone Deposit Characteristics (Fingerprint for Exploration)- $100,000 (Ongoing) Reprocess and Reinterpret Existing Geophysical Surveys Compile a Comprehensive Geochemical Database Generate / Refine Property Wide Drilling / Exploration Targets Assaying and Metallurgy - $50,000 (Ongoing) Corporate / Admin - $125,000 3-5 Year Exploration & Development Plan / Financing Plan - $75,000 (Ongoing)

Capital Requirements Phase 2 (H2 2016) - $750,000 Directive 1 & 2 Source Additional Projects Private Placement Phase 3 (2017-2018)- $5,000,000 Directive 1 & 2 Advance Additional Projects Strategic Partner