FINDING GOLD IN THE SHADOWS OF HEADFRAMES Resource growth through advanced exploration July 2018
SAFE HARBOUR STATEMENT The information set forth in this document contains forward-looking statements. Statements in this document, which are not purely historical, are forward-looking and include statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as estimate, anticipate, believe, plan, intend, expect, may or should or similar statements are forward-looking statements. Risks and uncertainties for the company include, but are not limited to, the risks associated with the impact of general economic conditions in countries in which the Company conducts business, the impact of competitive products and pricing, product demand and market acceptance, new product development, the continuation and development of key customer and supplier relationships, and the availability of high quality, qualified personnel and management. Other risks include but are not limited to factors affecting development and expansion activities generally including access to capital to meet all of the Company s financial requirements, and the Company s ability to control costs. There can be no assurance that the company s efforts will succeed and the Company will ultimately achieve sustained commercial success. These forward looking statements are made as of the date of this document, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this document are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. This information contained in the document has been prepared by management of the company who takes full responsibility for its contents. This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in any jurisdiction. 2
CAPITAL STRUCTURE Red Pine Exploration Inc. Listed exchange Market capitalization Common shares outstanding Warrants Options Fully diluted shares Working capital Symbol : RPX TSX-V $16 M 294.2 M 108.1 M ($0.05-0.25) 10.5 M ($0.055-0.50) 412.8 M $2 M Management 16% Shares Held US Global 4% MacKenzie Investments 2% Recent share price $0.055 (July 20, 2018) 52-week high-low $0.135 - $0.055 Retail 78% Coverage by 3
WAWA GOLD PROJECT Ownership 40% 60% Red Pine Citabar LP. Right of first refusal on Citabar s 40% stake 4
DISTRICT SCALE POTENTIAL In a prolific greenstone belt, surrounded by producing gold assets (Av. grade > 5 g/t) MAGINO Argonaut 5.1 Moz Sedimentary rocks HEMLO Barrick 30 Moz ISLAND GOLD Alamos 2 Moz TIMMINS (Various) >67 Moz Mafic intrusives Granitoid plutons Greenstone terranes Operating mine EAGLE RIVER Wesdome 1.5 Moz Advanced exploration project MISHI Wesdome 1.5 Moz WAWA GOLD PROJECT BORDEN Goldcorp 1.9 Moz 5
LAND PACKAGE Historic average Grade >9 g/t Gold Mine Tonnes Milled Gold Grade (g/t) Gold Recovered (Ounces) Mariposa 8 72.99 19 Darwin-Grace 41,302 13.27 17.634 Parkhill 114,096 14.81 54,298 Van Sickle 8,372 6.34 1,710 Cooper 4,435 11.42 1,627 Jubilee Minto 107,930 57,335 4.29 12.56 36,178 Surluga 86,082 3.12 8,626 Total 419,560 9.04 120,093 5,568 hectares 6
PROJECT HIGHLIGHTS Evolving to a high-grade underground model utilizing existing infrastructure (closed in 1988) Existing 300 m shaft and vent raises in place 6 levels established at depths of 164, 290, 416, 542, 668, 794, and 920 feet below the shaft collar Total lateral development of 29,000 feet of drifting, 4,488 feet of crosscutting, and 2,352 feet of raising Historical gold recoveries of 93.5-95.5% 1988 Citadel Resource* averaged 7.36g/t gold (508,500 tonnes) *This estimate at the Citadel Gold Mine is of historic resources and the Company's geologic team has not yet completed sufficient work to confirm a NI 43-101 resource. Therefore, the estimates cannot, and should not be relied upon. 30,000 m in-fill drilling campaign and sampling of historic core currently underway 7
RED PINE DISCOVERIES Discovery of gold in previously un-sampled historic core Grades up to 109 g/t over 0.86 m Discovery of multiple gold structures in the Wawa Gold Corridor Discovery of Minto Mine South, Minto Lower and Darwin-Grace zones 19.92 g/t gold over 3 m (SD-17-73) 57.31 g/t gold over 4.14 m (DG-17-56) 5.4 g/t gold over 2.2 m (SD-18-213 ) Discovery of high-grade gold zones in the Jubilee Shear Zone and its northern extension 15.7 g/t gold over 2.2 m (SD-17-95) 56.8 g/t gold over 1 m (SD-17-107) 5.28 g/t gold over 14.55 m (SD-17-173) 8
RED PINE DISCOVERIES - 3 EXPLORATION TARGETS Contained ounces in the combined 3 Exploration Targets ranging from 0.725 Moz to 3.0 Moz* Part of a coherent system the Wawa Gold Corridor is a large gold system All zones remain un-tested along strike and down-dip Additional discoveries expected based on historic operations Wawa Gold Corridor 3 Exploration Targets Hangingwall-Footwall Exploration Targets 0.5 Mt to 3.5 Mt at 4 g/t to 9.5 g/t gold Surluga Exploration Target 3 Mt to 5 Mt at 4.9 g/t to 6.5 g/t gold Minto-Darwin Exploration Target 1.5 Mt to 3 Mt at 4.0 g/t to 10 g/t gold *The Reader is cautioned that the potential tonnages and grades of the Exploration Targets are conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in any of the Exploration Targets being delineated as a mineral resource. 9
WAWA GOLD CORRIDOR CROSS-SECTION Hangingwall-Footwall Exploration Target 0.5 Mt to 3.5 Mt at 4 g/t to 9.5 g/t gold Surluga Exploration Target 3 Mt to 5 Mt at 4.9 g/t to 6.5 g/t gold Resource advancement Utilize existing shaft and drifts` The Reader is cautioned that the potential tonnages and grades of the Exploration Targets are conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in any of the Exploration Targets being delineated as a mineral resource. 10
MINTO-DARWIN EXPLORATION TARGET 1.5 Mt to 3 Mt at 4g/t to 10 g/t The Reader is cautioned that the potential tonnages and grades of the Exploration Targets are conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in any of the Exploration Targets being delineated as a mineral resource. 2 Zones Minto Mine South /Minto Lower Grace-Darwin Evidence of systematic stacking of multiple gold zones in Wawa Gold Corridor 19.92 g/t gold over 3 m (SD-17-73) - similar grade and widths to Alamos Island Gold Mine 11
MINTO MINE SOUTH ZONE POTENTIAL BULK SAMPLE TARGET Minto Stockwork mineralization halo adding gold to MMSZ inventory Conceptual Ramp at Minto Mine South Zone 12
GRACE-DARWIN ZONE 12 holes drilled in 2016/2017 > 750-metres strike length Near-surface high-grade gold mineralization 23.10 g/t gold over 8.14 m (DG-17-56) Parallel system to the Minto Mine South Zone 13
WHY INVEST IN RED PINE? 3 EXPLORATION TARGETS ON PROPERTY Contained ounces in combined Targets ranging from 0.725 Moz to 3.0 Moz gold Low exploration cost $5.34/oz (at 0.725 M oz) to $1.07/oz (at 3.0 M oz) The Reader is cautioned that the potential tonnages and grades of the Exploration Targets are conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in any of the Exploration Targets being delineated as a mineral resource. 2018 CATALYSTS 30,000 m in-fill drilling program Logging and sampling of remaining historic core NI 43-101 on high-grade Minto Mine South Zone Revised NI 43-101 resource on the Surluga Deposit 14
VALUE PROPOSITION SEVERAL NEAR-TERM VALUE CATALYSTS Moving from exploration to delineation 2019 Q1 Advanced exploration permitting initiated 2019 Q2/Q3 PEA on Minto Mine South Zone initiated Prepare for bulk sample 2018 Q4 Initiate updated NI43-101 resource on Surluga Deposit 2018 Q3 New NI43-101 resource on Minto Mine South Zone 15
PROVEN TEAM QUENTIN YARIE, P.Geo. PRESIDENT AND CEO Geophysicist with >25 years mineral exploration experience; involved in Malartic Mine discovery; Noront s Nickel Deposit discovery; KWG Chromite deposit discovery BOARD OF DIRECTORS PETRA DECHER CHAIR Finance executive with >15 years in the mining industry. Former VP Finance at Franco-Nevada Corporation and Director at Integra Gold Corp. JEAN-FRANÇOIS MONTREUIL, Ph.D. CHIEF GEOLOGIST >8 years of experience defining complex hydrothermal systems related to base-metals, gold and uranium deposits in Canada CRAIG SCHERBA, P.Geo. VP EXPLORATION >17 years experience; Nevsun Resources BishaProject discovery; NextSource Materials Molo Graphite Project discovery TARA GILFILLAN, CPA, ICD.D CFO Finance executive and entrepreneur with >20 years experience in mining sector CONRAD DIX, P.Geo. SENIOR PROJECT GEOLOGIST >20 years multifaceted mineral exploration expertise; involved in Glencore-Raglan mine expansion ELGIN WOLFE Accomplished and successful businessman; President of King River Development Ltd. and Tri-main Development LLC. PETER KAMPIAN Finance executive with >30 years of experience; CFO at MetrumHealth Corp.; CEO at Edge Financial Consulting Services Inc. QUENTIN YARIE, P.Geo. PRESIDENT AND CEO BRENT NYKOLIATION >15 years in senior management roles; VP Corporate Development at NextSource Materials Inc. DR. ROBERT DODDS EXECUTIVE DIRECTOR OF MINE DEVELOPMENT 45 years in the mining industry, former CEO of Augustine Ventures Inc. 16
TECHNICAL ADVISORS DR. JEAN-PHILIPPE DESROCHERS, P.Geo. >20 years experience in mineral exploration; former VP Exploration at Eagle Hill; Osisko Mining Windfall discovery MACKENZIE WATSON, P.Geo. P.Eng. > 50 years experience in the exploration, development, and mining industry; involved in the discovery of numerous mineral deposits in Canada; Mining Hall of Fame inductee DR. ROBERT DODDS, Ph.D., P.Eng. EXECUTIVE DIRECTOR OF MINE DEVELOPMENT >45 years experience in the mining industry including exploration, development and production; former Manager and Operator at a gold mine in Northwestern Ontario DR. JAMES FRANKLIN, FRSC, P.Geo. World renowned researcher with >40 years expertise in gold deposits; former Director of the Geological Survey of Canada; past President of both the Geological Association of Canada and the Society of Economic Geologists 17
Investor Relations and Corporate Development MIA BOIRIDY, M.Sc. mboiridy@redpineexp.com Corporate Office 145 Wellington Street West Suite 1001 Toronto, ON M5J 1H8 18