Advanced Stage Diamonds in Canada A Northern Project That s Not Remote Corporate Presentation, December 2017
Forward Looking Statement This presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this presentation and Dunnedin Ventures Inc. does not intend, and does not assume any obligation, to update these forwardlooking statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing. This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities of Dunnedin Ventures Inc. The reader is cautioned that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and might never be converted into Reserves. Figures may not sum due to rounding. Decimal figures do not indicate added level of precision. Cpt = carats-per-tonne; Mct=million carats; Mt=million tonnes Exploration results by Shear Minerals Ltd. and its representatives reported herein are historic in nature and although not verified directly by Dunnedin, this work was carried out by knowledgeable explorers using acceptable industry practices at the time. Jeff Ward, P.Geo, is the Qualified Person as defined by NI 43-101 standards responsible for reviewing the technical content of this presentation. 2
Diamonds in Canada A World Class Team Advanced Exploration Kahuna Diamond Project (100%), Nunavut High-grade, near-surface inferred resource of 4 mt @ 1.01 cpt for 4 mcts, expandable with limited drilling Significant exploration potential; high priority kimberlite pipe targets to be drilled in 2018 Easy access with good infrastructure Diamond legend Chuck Fipke, major shareholder and driving exploration Trapper Kahuna Exploration Trapper Gold Copper Project (100%), BC Interpreted porphyry complex with alteration signature of >15 km 2 8581 metres of diamond drilling in 42 drill holes to date 3
Kahuna - The Opportunity is Now Implied Project Value (C$m) Project Value: Dunnedin 2017 vs Diamet 1990 Diamet $66/share $1,000 Ekati Value >$2 billion Dunnedin is at critical stage in value creation cycle $100 $10 Kahuna 2018 Gold valuation stripped out of Dunnedin s share price after Solstice spinout in 2017 Ekati Implied Value Range $1 Project Stage Source: Kaiser Research 2015 4
Kahuna A Northern Project That s Not Remote Only 25 km from communities of Rankin Inlet and Chesterfield Inlet with experienced mining work force Airports and deep water shipping access on Hudson Bay Contiguous with Agnico Eagle s Meliadine property serviced by an all-weather road (mine under construction) Road under construction from Chesterfield Inlet south toward Kahuna resource area Winter trail route approved from Rankin Inlet north to target areas Primary Development Rights (PDR) and Secondary Development Rights (SDR) were defined as part of the spin-out of Solstice Gold Corp from Dunnedin Ventures in 2017. Dunnedin s PDR include all mineral rights related to diamonds. SDR gives Dunnedin the right to propose diamond exploration programs, which are granted at the discretion of Solstice. Agreement allows exclusive right for the parties to exchange rights on their respective claims. For additional details please see the Solstice Gold 2017 NI 43-101 Technical Report available on www.sedar.com. 5
Attractive Diamond Population Diamonds recovered from historic and current exploration show encouraging value characteristics Most recovered stones are clear and colorless variants of octahedra Historical recovery of large diamonds including a reconstructed 13.4 carat diamond Presence of specific indicator minerals associated with large diamonds, as determined by Chuck Fipke s proprietary research and laboratory 16 stones (+1.18 mm) from DVI 2015 PST kimberlite sample (2.03 t) 6
One of Canada s Most Prospective Kimberlite Fields Two Opportunities: New Pipe Targets & Expansion of Existing Resource Large land holding in Nunavut of 1,664 km 2 $30m historical expenditure Large geophysical data set, sampling and drill database Abundance of diamond indicator minerals 100+ kimberlite pipes and dikes intersected Kimberlite-intruded structural network, aggregate strike >180 km of linear targets 7
Kimberlite Pipe Targets with Potential for Transformative Discovery Dunnedin to commence first drill program in 2018! Dunnedin collected 1,233 till samples 2015-2016 and 3,478 in 2017. Priority sample processing underway Kimberlite pipe targets with diamond indicator minerals ( DIMs ) in down-ice tills Ongoing diamond indicator mineral evaluation at Dr. Fipke s lab will continue to prioritize and identify drill targets Dunnedin plans to drill 10 to 15 targets in winter/spring of 2018 8
High-grade, Near-Surface Diamond Resource Maiden Inferred Resource of 4 mcts on two kimberlite dikes, Kahuna and Notch Average grade of 1.01 carats per tonne Kimberlites exposed at surface and open along strike and at depth Steeply dipping orebody geometry amenable to low-cost mining methods Classification Kimberlite Tonnes Average Grade cpt (+0.85 mm cut-off) Average Grade cpt (+1.18 mm cut-off) Total Carats (+0.85 mm cutoff) Total Carats (+1.18 mm cut-off) Kahuna 3,066,000 1.04 0.80 3,189,000 2,453,000 Inferred Notch 921,000 0.90 0.83 829,000 765,000 Total 3,987,000 1.01 0.81 4,018,000 3,217,000 Technical Report and Maiden Mineral Resource Estimate for the Kahuna Diamond Project, Nunavut, Canada prepared by APEX Geoscience Ltd., Kristopher J. Raffle, B.Sc., P. Geo. and Andrew J. Turner, B.Sc., P. Geol. March 11, 2015 The reader is cautioned that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and might never be converted into Reserves. Figures may not sum due to rounding. Decimal figures do not indicate added level of precision. cpt = carats-per-tonne 9
Resource Open to Expansion With Limited Drilling Opportunity to expand existing Inferred Resource with future drilling Target for Further Exploration ( TFFE ) of additional 4,090,000 to 15,880,000 carats of diamonds Based on projection below the shallow depths of the current resource and does not factor in potential additional strike lengths Only Kahuna and Notch dikes: other known diamondiferous kimberlites such as PST are not included in Inferred Resources or TFFE, and provide additional potential for resources Low Range High Range Depth Range Tonnage Grade Total Carats Depth Range Tonnage Grade Total Carats Kahuna 140 300 3,740,000 0.80 2,990,000 140 600 10,760,000 1.10 11,830,000 Notch 110 300 1,570,000 0.70 1,100,000 110 600 4,050,000 1.00 4,050,000 Total 5,310,000 0.77* 4,090,000* 14,800,000 1.07* 15,880,000* Technical Report and Maiden Mineral Resource Estimate for the Kahuna Diamond Project, Nunavut, Canada prepared by APEX Geoscience Ltd., Kristopher J. Raffle, B.Sc., P. Geo. and Andrew J. Turner, B.Sc., P. Geol. March 11, 2015 Note that bulk sampling has established that Kahuna has a recovered grade of 1.04 cpt and Notch has a recovered grade of 0.90 cpt (at a +0.85 mm lower cut-off) as previously disclosed in the Inferred Resource. *The potential quantity and grade of any TFFE is conceptual in nature, there is insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. 10
Expansion of Existing Resource 500 m Resource Drill Schematic: Long-Section Kahuna Dike Opportunity to increase maiden Inferred Resource from initial 4 million carats with more drilling Drilling down-dip on Kahuna and Notch kimberlite dikes will move TFFE into inferred resources 10 to 20 holes planned for future resource drill programs Drill Schematic X-Section The potential quantity and grade of any TFFE is conceptual in nature, there is insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. The reader is cautioned that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and might never be converted into Reserves. Figures may not sum due to rounding. Decimal figures do not indicate added level of precision. cpt = carats-per-tonne. 11
Fully Permitted & Active Community Engagement Kahuna Property is fully permitted for exploration to 2019: includes drilling and bulk sampling up to 1,500 tonnes Close cooperation with communities of Rankin Inlet and Chesterfield Inlet and local, regional and territorial government representatives Dunnedin provides support for community initiatives and infrastructure development Priority to use local support services and labour 12
What s Coming in 2018 $1.5-2 million Exploration Program Fully Funded & Permitted Priority Till Processing Full Mobilization Drilling of Kimberlite Pipe Targets and/or Resource Drilling Follow-up Drilling and Exploration Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Target Definition Camp Construction Diamond Recovery from Drill Program Marketing 13
Trapper Bulk Tonnage Gold Copper Porphyry System Geophysics, grab sampling and 42 holes (8581 m) of diamond drilling in 2011 3,756 hectare land area, 100% owned, Northern British Columbia 2.3 km long drill-defined gold system Au-Cu Porphyry complex with alteration signature of over 15 km 2 Small follow up program in 2016 Trapper 14
Trapper Bulk Tonnage Gold Copper Porphyry System Drilling in the Ring Zone 2.3 km of drill-proven gold-rich semi-massive sulphide (gold-silver-lead-zinc) with +10 kilometres of potential strike on DVI property and surrounding a copper porphyry centre Copper oxides (>1% copper) in hydrothermal breccia collected just east of the area drilled 15
Trapper Gold in Concentrates 3D Map showing gold results in stream sediments, locations of past drilling and two primary target areas 16
Trapper Highlighted Drill Results Highlighted Trapper drill results from collar locations provided on previous slide: Table 1: Highlighted drill results from gold-rich semi massive sulphide stockwork Ring Zone Drill Hole To (m) TG-11-001 37.5 38.5 1.02 2.04 20.1 0.8 0.34 TG-11-004 105.41 117 11.59 1.18 3 0.06 0.11 TG-11-005 36.15 38.1 1.93 4.23 20.6 0.5 0.22 TG-11-006 27.74 37.9 10.12 1.09 2.8 0.07 0.05 TG-11-011 106.89 141 34.11 1.71 5.6 1.01 0.25 including 106.89 107 0.41 92.8 18.8 0.13 0.12 including 114.65 118 3.39 3.9 27 9.11 0.91 TG-11-013 250.03 255 5 1.39 8.5 0.39 0.31 TG-11-014 196.35 206 10 1.08 5.3 0.24 0.26 TG-11-018 88 93 5 1.78 19.7 0.7 0.58 TG-11-020 5 7.5 2.5 4.13 16.8 0.41 0.47 TG-11-038 TG-11-039 TG-11-040 From (m) Width* (m) 122.5 138 15 1.68 1.8 0.02 0.07 including 132.5 137 4.23 5.08 4.4 0.05 0.13 and including 136.11 137 0.62 21.8 11.9 0.15 0.36 67.5 97.5 30 1.01 2.3 0.02 0.13 including 70 72.5 2.5 2.19 2.7 0.06 0.3 including 77.5 80 2.5 2.98 4 0.04 0.09 including 82.66 85 2.34 2.64 2.5 0 0.35 132.5 160 27.5 1.19 1.8 0.01 0.07 137.5 140 2.5 11.15 5.7 0.03 0.17 * Width represents core length and is not intended to reflect true width. Au (g/t) Ag (g/t) Pb (%) Zn (%) Visible Gold In Drill Core Free gold hosted in a quartz/carbonate vein with galena, sphalerite, and pyrite. Sample assayed 93 g/t gold over 41 cm. 17
Management Team Christopher Taylor, M.Sc. P. Geo, CEO & Director Founder of Dunnedin, 15 years of industry and research experience with mid-tier producer and junior exploration companies. President of Great Bear Resources and Director of Solstice Gold. Claudia Tornquist, M.Eng, MBA, President & Director Formerly General Manager at Rio Tinto working extensively with Rio s diamond operations in Canada and Australia. Former Executive VP Business Development for the royalty company Sandstorm Gold Ltd. Director of Kennady Diamonds and Silver One Resources. Tony Ricci, CA, CFO & Director Chartered accountant with 20+ years of practice experience. Formerly a Director and CFO of mining companies with a combined market capitalization approaching $2 billion. Instrumental in several major mining project sales. Jeff Ward, P.Geo, VP Exploration In depth experience in precious metal and diamond exploration and discovery in northern climates. President Kivalliq Energy since 2010. Prior companies include Corona Corporation, Ashton Mining of Canada Inc., Stornoway Diamond Corporation and Kivalliq Energy. Andrew Berry, VP Operations Specialized in operational logistics and exploration in Canadian arctic environments for over 15 years. COO of Kivalliq Energy since 2010. Project Manager with Ashton Mining of Canada Inc. and Stornoway Diamond. Emily McNie B.Sc, Project Geologist Project geologist with Kivalliq Energy since 2011. Spearheads program planning and design, supervises field operations. Administers project permitting, environmental compliance and safety practices in all jurisdictions. 18
Board and Advisors Board Members Chad Ulansky, B.Sc. P.Geo Diamond exploration experience that includes the original Ekati diamond discovery. Currently President and CEO of Metalex Ventures Ltd. and Cantex Mine Development Corp., as well as serving as director of several public and private mineral exploration companies. Gary Schellenberg, B.Sc. Geology Economic geologist and explorationist with 30 years of industry experience including diamond exploration in the Northwest Territories. Founding director of Winspear Resources, which sold the Snap Lake diamond mine to DeBeers in the 1990 s. Sorin Posescu, P.Geo 17 years experience in resource exploration ;VP Exploration for Brixton Metals and President of Romstar Geoscience Corp. Prior exploration work with NovaGold, OMV-Petrom and Sierra Geothermal Power. Advisors Charles (Chuck) Fipke, Ph.D. Discoverer of Canada s first diamond mine at Ekati, NWT, Dr. Fipke s vision and scientific insight was instrumental in the emergence of the Canadian diamond industry. Dr. Fipke is a world-renowned expert on diamond exploration and indicator mineral geochemistry and has received an honorary Doctorate of Technology from Okanagan University College and numerous awards. John Robins, P.Geo Co-founder of Hunter Exploration, Stornoway Diamond, Kivalliq Energy, North Country Gold and Kaminak Gold. Mr. Robins was involved in the successful sale/merger of several public companies most recently Kaminak Gold (Goldcorp), Jim Paterson, B.Comm Mr. Paterson has 19 years of corporate experience with North American publicly traded companies. Currently CEO of Kivalliq Energy and Director of Northern Empire, Bluestone Resources, former Director at Kaminak Gold. 19
Dunnedin Ventures TSX.V:DVI as at November 30, 2017 Solstice Gold Spin-Out Record date July 17, 2017 DVI Ownership Rob Cudney 4% Property Vendors 6% Management & Insiders 35% Rob McEwen 4% Phoenix Gold Fund 3% Retail and Other Institutional 48% Capital Structure Market Cap: ~$20m Issued: ~103 million Options: ~6 million Warrants: ~20 million Fully Diluted: ~129 million Net Cash: ~$3.5 million 20
Why Invest Flagship Asset Jurisdiction Infrastructure Large land package, highly prospective 2 Opportunities: existing resource and new pipe targets Mining-friendly Nunavut Not remote! Close to communities, adjacent to new mine development (Meliadine) Port, roads, airport, workforce Management Permitting/ Community Key Catalysts World-class diamond experts: Dr. Chuck Fipke, Dr. Tom McCandless Fully permitted for exploration Support from local communities and stakeholders Till results, target definition in 2017 & Q1 2018 Drilling & initial target assessment, spring 2018 Diamond results from drill program Q2-Q3 2018 The opportunity is now! 21
Contact Information Corporate Office 1020-800 West Pender Street, Vancouver, BC, V6C 2V6 Phone: 1 604 646 8351 Email: IR@dunnedinventures.com 22