Cuale Gold Project July 2018
Forward Looking Information This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Evrim Resources Corp. (the "Company ) expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. 2
Key Value Drivers 100%-owned Projects Royalties JV/Alliances Cuale HSE project Jalisco, Mexico Ermitaño deposit: 2% NSR Cumobabi project: 1.5% NSR Seven exploration partnerships $7-$8 million partner funding 3
Current Operations Golden Triangle Golden Triangle BC Porphyry copper/gold Antofagasta South Central BC Porphyry copper/gold Antofagasta Laramide Porphyry Belt Epithermal gold and porphyry copper/gold Coeur Mining and First Majestic Silver Sierra Madre Occidental Epithermal gold Cuale Project, Harvest Gold Gold alliances in the Americas Newmont Mining South Central BC Laramide Porphyry Belt Sierra Madre Occidental 4
Cuale Jalisco, Mexico High sulphidation epithermal gold target (HSE) Low cost, large scale, long mine life Examples of HSE mines in Mexico El Sauzal (1.9M ounces gold) La India (3.0M ounces gold) Mulatos (5.0M ounces gold) 100% owned by Evrim *Subject to a 1.5% precious metal and 1.0% base metal royalty payable to Altius Minerals 5
Cuale - Location Two hour drive from Puerto Vallarta 230 square kilometre claim size Excellent infrastructure with roads and power crossing the property No previous exploration Notable development projects Agnico Eagle Mines' Barqueño project (663,000 ounces of gold and 2.2 million ounces of silver) Endeavour Silver's Terronera project (311,000 ounces of gold and 37 million ounces of silver) 6
Cuale La Gloria Prospect (looking west) La Gloria prospect 7
Cuale Reconnaissance Sampling 2017 Gold in Soil (g/t) N Gold in Rocks (g/t) N OPEN 0.12 1.14 4.56 0.61 0.88 0.19 2.03 1.50 2.30 4.06 0.58 OPEN 2km 2km 8
Cuale Lithology Map Mapping defines a 4 km x 3.5 km rhyolitic volcanic centre Volcanic centre contains lapilli crystal tuff, lithic tuff, rhyolite flows, rhyolite and dacite intrusions, hydrothermal breccia, andesite and block and ash tuff Units form a dome field that was actively depositing tuff units and flows before, during and after the formation of a high sulphidation gold system Erosion and post mineralization faulting exposed the buried high sulphidation system North Dome IP Line 226400 IP Line 226350 La Gloria trenches N 9
Cuale Alteration Map Cover: Not an alteration zone but labelled as the post mineral cover contains abundant silica/aa clasts Silica: A late milky quartz with specular hematite overprints the saccharoidal quartz alteration and is commonly associated with drusy quartz veins Silica: Saccharoidal silica with specular hematite varying from massive to rarely vuggy. This style of alteration easily breaks to a fine sandy powder. Vuggy zones are less common but occur within this alteration. Advanced Argillic (AA): Pyrophyllite with minor dickite alteration on immediate margins of silica alteration Argillic: Bleached rocks due to kaolinite and illite alteration Propylitic: Typically below 1050 meters above sea level is distal chlorite and smectite alteration 10
Cuale Trenching 2018 29.4m @ 2.94 g/t Gold 106.2m @ 13.61 g/t Gold 25.0m @ 4.12 g/t Gold 50.0m @ 26.13 g/t Gold 11
Cuale Trench Photos Sampling Trench 1 Very 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 12
Cuale IP Geophysics Photo taken looking to north. Skyline closely traces IP line The photo is clipped to approximately match the eastings of the IP section below La Gloria zone Trench 1 and 4 samples plotted Massive Quartz Rib West and north-west of La Gloria zone is masked by units that cover the system; rhyolite flows, Wifi Tuff, He-Si breccia(?) La Gloria is a small erosional window into the mineralized part of system North north-east trending normal faults down-drop geology to the east of La Gloria zone Western resistivity anomaly La Gloria zone Vuggy Quartz (100 x 300m) Trench 1 and 4 samples plotted Massive Quartz Rib Ohm metres Phyllite Feeder target Tuff 500m IP line 226350 - Resistivity Clay/Pyrite alt? 13
Cuale Next Steps Engagement with local community (Ejido) for access and permitting Mapping, trenching, a soil survey and geophysics through July A 3,000 metre drill program is planned to start later in the summer SUMMARY Very early stage of exploration Consistent, high grade mineralization at surface with IP giving confidence in depth potential Classic high sulphidation textures, geochemistry and alteration La Gloria Zone a small part of a larger alteration zone that requires further exploration 14
Appendix Royalties, Joint Ventures & Alliances 15
Ermitaño Royalty Partnership with First Majestic Silver (TSX.FR) Earning a 100% interest subject a production notice with supporting permits by January 2019 and a 2% NSR to Evrim Maiden inferred resource announced March 2018 40.8 million ounces silver equivalent or 562,000 ounces gold equivalent Open at depth and to the west Excellent location Four kilometres from mill at Santa Elena *Resource reported by FR on March 29, 2018 using $1,450/oz Au; $20/oz Ag Up to 12,000 metres of drilling in 2018 16
Axe & Ball Creek JVs Partnerships with Antofagasta plc AXE Porphyry copper-gold target 70% interest for US$50M on exploration, $800,000 cash, and a compliant PEA over 10 years BALL CREEK Porphyry copper-gold target Up to a 70% interest for US$31 million on exploration or a compliant PFS over 13 years Excellent access and infrastructure Over $3.2 million budgeted in 2018 Up to 5,000 metres of drilling in 2018 17
Sarape JV Partnership with Coeur Mining (NYSE:CDE) Earning up to an 80% interest for US$16.5M in exploration, US$2.55M cash, and a compliant feasibility study over ten years Undrilled 5,776 hectare low-intermediate sulphidation epithermal gold-silver target Located 40 kilometres north of Ermitaño West discovery with Mercedes Mine (Premier Gold) and Santa Elena (First Majestic) in the area Drilling expected early 2019 18
Cerro Cascaron JV Partnership with Harvest Gold HVG earning up to 80% interest with $6M in exploration, $1.1M cash, 2M shares to Evrim, and a compliant FS over nine years A 69 square kilometre low to intermediate sulphidation epithermal gold target Cascaron vein field (18 square kilometres) The silver-rich Cascarita prospect contains very high silver and lead values Up to 3,000 metres of drilling in 2018 19
Gold Alliance Two-year $1.8 million exploration alliance signed in 2017 with Newmont Mining Newmont may option any project for cash payments and fund exploration and 43-101 pre-feasibility on minimum 2M+ oz gold for an 80% interest, over 10 years Evrim may at any time after twoyear period exchange equity interest for 2% NSR with 0.5% buy-down for up to US$10 million. Generative gold exploration in the Americas 20
Board of Directors (non-executive) Paul van Eeden, B.Sc., Chairman & Director (Independent) Independent businessman with over 25 years' experience President of Cranberry Capital Inc., which, through its subsidiaries is involved in equity financing, lending, M&A and consulting to mineral exploration companies David Caulfield, P. Geo, Director (Independent) Geologist, businessman and consultant to the mineral exploration industry for over 30 years Co-founder of Rimfire Minerals and past President of Equity Exploration Consultants Ltd. Served as the 2005 President of the Association for Mineral Exploration of British Columbia (AME BC). John Thompson, Ph.D., Director (Independent) Over 30 years experience in geoscience including working with BP Minerals Group (RioTinto), a directorship with Mineral Deposit Research Unit (MDRU) at the University of British Columbia, and Chief Geoscientist with Teck. Principal of PetraScience Consultants, an exploration, development and technology consulting firm. He is also the Wold Professor of Environmental Balance for Human Sustainability at Cornell University. 21
Management Paddy Nicol, MBA President & CEO Over 20 years of public company management Served on the boards of several exploration companies Stewart Harris, B.Sc., P. Geo VP Technical Services Over 25 years of mineral exploration experience Extensive experience in the Americas Mahesh Liyanage, CPA, CA Chief Financial Officer Over 20 years of experience The past 8 years as CFO of several exploration companies Alain Charest, B.Sc. VP Exploration Mexico Over 30 years experience Former CEO of Arcelia Gold Corp. (private prospect generator in MX) Record of discoveries Charles Funk, B. Sc. Hons VP New Opportunities and Exploration Over 10 years of experience of exploration and project evaluation Wide range of experience in porphyry, epithermal and IOCG deposits. 22
Financial Data Capital Structure (01/06/2018) Shares O/S 79,392,249 Options 5,861,667 Warrants 6,390,705 Shares F/D 91,644,621 Working Capital (01/06/2018) Cash $5.5 million Monthly burn rate $200,000 Insider Information Altius Minerals 14.4% Adrian Day Asset Mgt. 16% Sprott Global 12% Management 10.5% 23