The Antakori Cu-Au-Ag Project, Northern Peru: A Monster in the Making! Dr. Kevin B. Heather, Dr. Stewart D. Redwood, John Black, Hubert Gamarra & the Regulus Resources Peru Exploration Team REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 1
REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 2
DISCLOSURE Forward-Looking Information. Certain of the information contained in this document constitutes forward-looking information or forward-looking statements (collectively, "forward-looking information") within the meaning of applicable Canadian securities legislation. Such forward-looking information include statements regarding: the Regulus / Southern Legacy amalgamation and matters in respect thereof, exploration plans for the Rio Grande, AntaKori, Pulchidiza and Golden Brew projects, Regulus and Southern Legacy resource estimates, use of proceeds of the equity financing. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking information contained herein, we have made numerous assumptions including among other things, commodity prices, economic and political conditions and continuity of operations. Although Regulus believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking information referenced herein will prove to be accurate. Forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Regulus to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. These risks, uncertainties or other factors include, but are not limited to, the actual commodity prices received, unanticipated grade, geological, metallurgical, processing, access, transportation of supply or other problems, political, economic and operational risks of foreign operations, availability of materials and equipment, the timing of receipt of governmental permits, force majeure events, accidents, labour relations and risks in start-up date delays, environmental costs and risks, the outcome of acquisition negotiations, general domestic and international economic and political conditions, the factual results of current exploration, development and mining activities and those factors disclosed in documents filed by Regulus from time to time with the provincial securities regulators in Canada. Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Regulus undertakes no obligation to update forward-looking information as a result of new information after the date of this document except as required by law. All forward-looking information contained herein is qualified by this cautionary statement. Presentation of Resource Estimates This corporate presentation uses the terms "indicated" and "inferred" in connection with its resource presentations, as defined in accordance with National Instrument 43-101Standards of Disclosure for Mineral Projects ("NI 43-101") under guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council. Readers are cautioned not to assume that all or any part of "indicated" resources will ever be converted into mineral reserves. "Inferred" resources have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred" resource will ever be upgraded to a higher category. Readers are also cautioned not to assume that all or part of an "inferred" resource exists, or is economically or legally mineable. Estimates of "inferred" resources may not form the basis of feasibility or other economic studies. Mineral resources that are not mineral reserves do not have demonstrated economic viability. All of Regulus' exploration programs and the related disclosure of information of technical or scientific nature are prepared by, or prepared under the direct supervision of John Black, Regulus' CEO, who is a "qualified person" as defined in NI 43-101. REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 3
LAND OF PERUVIAN GIANTS Porphyry Cu ± Au Deposit Epithermal Au ± Ag Deposit REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 4
REGIONAL GEOLOGY Porphyry Cu ± Au Deposit ANTAKORI PROJECT Epithermal Au ± Ag Deposit Cretaceous carbonatesiliciclastic sequence Marañon Fold-Thrust Belt Calipuy Group volcanics (Miocene) Cajamarca deflection in MFTB Chicama-Yanacocha structural corridor NE trend (Quiroz, 1997) REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 5
HUALGAYOC DISTRICT Tantahuatay 5 Tantahuatay 4 Antakori Hualgayoc Ag District Tantahuatay 1-2 Cienaga Norte Tantahuatay 3 Mirador Norte Mirador Sur Cerro Corona Cu-Ag REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 6
1995-1998: Southern Peru Copper Corp. (Asarco) explored for porphyry Cu at Tantahuatay, drilled 11,850m REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 7
1996-1999: El Misti Gold Limited drilled 15 RC drill holes totaling 2,098 m, and an additional 7 RC drill holes totaling 1,176.5 m and 10 DDH holes totaling 5,176.25 m at Sinchao REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 8
2006-2008: Sinchao Metals Corp. acquired Compañia Minera Sinchao; drilled 38 DDH totaling 9,503.41 m REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 9
2008: Cerro Corona enters production 2011: Tantahuatay enters production REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 10
2012: Southern Legacy Minerals acquired the project, produced NI 43-101 compliant resource 295 MT @ 0.46% Cu, 0.36g/t Au & 10.2 g/t Ag 2014: Regulus Resources (TSX-V:REG) amalgamated with Southern Legacy Minerals (TSX-V:SLM) REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 11
2016-2017: Regulus signed agreements with: (1) C.M. Coimolache (2) Buenaventura (Colquirrumi) to consolidate the district REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 12
2017: ~15,000-18,000 m drill campaign started; significant early drill assay results. REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 13
2018: 3 drill rigs now turning and possible addition of 2 more rigs by April 2018 (5 rigs total) REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 14
ANTAKORI GEOLOGY X-SECTION Coimolache Regulus Coimolache Regulus CV2m & CV2b BXd 4000 Pit Tantahuatay CVep BXg BXa 3800 Diorite CV1m CV1t 3600 3400 3200 3000 2800 BXc & Porphyry Pu2 BXb & Porphyry Pu1 Porphyry Pf & Pk San Miguel (Diorite) Chulec Fm. (Limestones) Inca Fm. (Fine-grained Calcareous Sediments) Farrat Fm. (Quartzites) REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 15
ANTAKORI ALTERATION & MINERALIZATION CARTOON X-SECTION Pit Tantahuatay 3 2 1 1 REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 16
FARRAT FORMATION Quartzites & Arkoses INCA FORMATION Fine-grained Calcareous & Arkosic Sediments REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 17
Pervasive Pyrophyllite-Illite Alteration in Farrat Fm Arkosic Sediments Two origins for pyrophyllite formation: Vapor condensation Advanced argillic alteration - lithocap Simple fluid cooling Muscovite (A) to pyrophyllite (B) to dickite (C) REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 18
Mineralization in Farrat Fm Quartzites Quartz-molybdenite-pyrite veinlets Pyrite-anhydrite ±cpy veinlets Massive anhydrite-chalcopyritepyrite. 2.68% Cu, 0.82 g/t Au REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 19
CHULEC FORMATION Limestone Marble - Skarn Red garnet prograde skarn Green garnet prograde skarn Massive sulphide skarn Epidote retrograde skarn Mag-chl retrograde skarn Skarn front Marble Calcite escape veinlets Finely bedded limestone Skarn Front Marble Front Calcite Front REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 20
CHULEC FM SKARN Massive Sulphide Replacements Au_gt Cu_pct Ag_gt As_ppm Sb_ppm Pb_pct Zn_pct 0.35 0.23 100.1 413 70 1.10 1.10 Au_gt Cu_pct Ag_gt As_ppm Sb_ppm Pb_pct Zn_pct 0.74 1.43 26.9 105 6 0.04 0.23 REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 21
EARLY PORPHYRY PHASES & BRECCIAS Porphyry Cu-Au Stockwork Mineralization (0.47% Cu) Chalcopyrite Matrix Breccia (5-8% Cu) REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 22
CALIPUY VOLCANICS CV1m & CV1t (~12-13 Ma) CV2m & CV2b (Rhyolite Dome Complex; ~8.3-8.7 Ma) CV2b CV1m CV1t CV2h CV2b REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 23
Enargite-Pyrite High-sulphidation Epithermal Mineralization En-Py Vein REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 24
CV2 RHYOLITE DOME COMPLEX Base-metal Carbonate Au-Ag-Zn-Pb-Cu REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 25
LATE BRECCIAS WITH MINERALIZED CLASTS REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 26
Chalcopyrite Bornite veinlets Hornfelsed Siltstone ANTAKORI Cu-Au-Ag PROJECT Mineralized Porphyry Clasts in Young Breccias Porphyry Intrusion Porphyry clast with sec. biotite Qtz-bn-cpy veinlets Milled matrixed breccia Q Breccia bodies are bringing up mineralized clasts indicating the existence of a mineralized porphyry at depth or laterally Q Breccias act like vertical conveyor belts (elevators), and provide us with a glimpse of what s below! REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 27
2017 DRILL RESULTS REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 28
2017 DRILL RESULTS Approximate Resource Outline On Regulus Claims 1050NW REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 29
2017 DRILL RESULTS Approximate Resource Outline On Regulus Claims 950NW REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 30
2017 DRILL RESULTS Approximate Resource Outline On Regulus Claims 800NW REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 31
2017 DRILL RESULTS Approximate Resource Outline On Regulus Claims 600NW REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 32
2017 DRILL RESULTS 200NW REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 33
BLUE-SKY UPSIDE REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 34
REGIONAL GEOLOGY (1) The district has many intrusive sill bodies (2) Perhaps the San Miguel Diorite is a sill and not a stock-like body (3) Geomorphology suggests it is a sill Exploration Implications??? REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 35
REVISED ANTAKORI GEOLOGY X-SECTION Coimolache Regulus Coimolache Regulus REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 36
REVISED ANTAKORI GEOLOGY X-SECTION Coimolache Regulus Coimolache Regulus REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 37
REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 38
BLUE-SKY UPSIDE POTENTIAL MAGNETICS - RTP ANALYTICAL SIGNAL 3 4 1 All Historical Drill Holes (CMC-REG) Ground Mag Reduced to Pole Analytical Signal Porphyry-skarn Target 1 (?) Porphyry-skarn Target 2 (?) Porphyry-skarn Targets 3 & 4 (???) 2 2012 REG Inferred Resource Outline (Sulphides) ~295 Mt @ 0.48% Cu, 0.36 g/t Au, 10 g/t Ag (43-101 compliant; Wilson, 2012) 2015 CMC Inferred Resource Outline (Sulphides) 440 Mt @ 0.77% Cu, 0.30 g/t Au, 8.6 g/t Ag (BVN Annual Report 2015) REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 39
n 273 000 E 274 000 E 275 000 E SIZE POTENTIAL Condorcocha ANTAMINA SCALE Lake 8 946 000 E Antamina Lake 8 945 000 E 8 944 000 E Cía. Minera Antamina S. A. 400 metres REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 40
SIZE POTENTIAL ANTAMINA SCALE REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 41
ANTAKORI SUMMARY Calcic, oxidized copper-gold skarn mineralization hosted by Cretaceous carbonates, fine-grained sediments and quartzites (causative porphyry yet to be found), additional mineralization hosted within hydrothermal breccias and early porphyry phases Partly overlain by Calipuy Group felsic volcanic-subvolcanic rocks of Tantahuatay center (~12-13 Ma) with associated high sulphidation epithermal Cu-Au-Ag mineralization Cross-cut by younger felsic stocks & related flow-domes (~8.3-8.7 Ma) with associated carbonate-base metal intermediate-sulphidation epithermal Au-Ag-Zn- Pb-Cu mineralization Large exisiting resource open in all directions (except up!) Excellent blue-sky exploration potential A MONSTER IN THE MAKING? REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 42
Thank-you for your attention Visit our coreshack #617 Hole AK-17-005 Hole AK-17-006 kevin.heather@regulusresources.com www.regulusresources.com REGULUS RESOURCES INC. Roundup 2018 Antakori (January 24, 2018) TSX-REG.V BVL-REG 43