Annual General Meeting June 28, 2017 EXPLORING WITH STRONG PARTNERS AND LEADING-EDGE TECHNOLOGY TSX-V: KZD kaizendiscovery.com Pinaya-Copper Gold Project, Peru
Forward-looking Statements The TSX-V has neither approved nor disapproved the contents of this presentation. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this presentation. Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict”, “foresee” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect Kaizen’s current expectations regarding future events, performance and results and speak only as of the date of this presentation. These include, but are not limited to, statements regarding: the acquisition of projects that match evaluation criteria and align with corporate strategic objectives of the Company; participation by Japanese strategic partners, including at the project level; receipt of the second and third payments by ITOCHU in respect of its funding of the Pinaya Copper-Gold Project; Kaizen providing matching funding of up to C$2.5 million for the Pinaya Copper-Gold Project; the development of exploration programs at Kaizen’s projects; technologies and expertise; and the identification, exploration and development of new, high quality mineral projects. Such statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Kaizen or its mineral projects, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. In making such statements, Kaizen has made assumptions regarding, among other things: general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; ongoing relationships with strategic partners; the timing and receipt of governmental permits and approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; and currency fluctuations. This presentation also contains references to estimates of Mineral Resources. The estimation of Mineral Resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that ultimately may prove to be inaccurate. Mineral Resource estimates may have to be re-estimated based on: (i) fluctuations in mineral prices; (ii) results of drilling; (iii) metallurgical testing and other studies; (iv) proposed and completed mining exploration programs; (v) the evaluation of exploration and drilling plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits, approvals and licenses. These forward-looking statements are made as of the date of this presentation and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, Kaizen does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this presentation. Forward-looking information is designed to help you understand management’s current views of the Company’s near and longer term prospects, and it may not be appropriate for other purposes. Kaizen will not update any forward-looking statements or forward-looking information unless we are required to by applicable securities laws. 2 The forward-looking statements contained herein are based on information available and are made as of June 28, 2017.
Disclaimer and Qualified Persons The information in this presentation is published to inform you about Kaizen Discovery and its activities. To the extent permitted by law, Kaizen Discovery accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Recipients should make their own enquiries in relation to any investment decisions. This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction, including the United States. Mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and it is uncertain if further exploration will result in the any resource reported herein being delineated as a mineral reserve. NI 43-101 Qualified Persons Pinaya Copper-Gold Project: The scientific and technical information herein related to the Pinaya Project has been reviewed and verified by Mark Gibson, PrNatSci, Chief Operating Officer of the Company, a Qualified Person under the terms of NI 43-101. Mr. Gibson is not independent of Kaizen. The Mineral Resources disclosed herein for the Pinaya Project are reported in the NI 43-101 Technical Report dated April 26, 2016, “Pinaya Gold-Copper Project Technical Report” (the “Technical Report”) prepared jointly by Brian Cole, P.Geo. and Ronald G. Simpson, P.Geo. (Geosim Services Inc.). Both Mr. Cole and Mr. Simpson are independent of Kaizen. Aspen Grove Project : Disclosure of a scientific or technical nature herein relating to the Aspen Grove Project has been reviewed and approved by Nigel Luckman, P.Geo, Geologist for the Company, who serves as a Qualified Person as defined under National Instrument 43-101. Mr. Luckman is not independent of Kaizen. 3 3
Agenda • Year in Review • Strategy • Project Portfolio • Pinaya Copper-Gold Project • BC Copper Porphyry Projects • Coppermine Project • Summary 4 4 4
Year in Review Change in People • New Executive Management, VP Exploration • New board as elected at 2016 AGM • Together we undertook a strategic review of portfolio Financings • Completed the rights offering in January 2017 – gross proceeds $7.3 million • Received Pinaya second stage payment from ITOCHU – proceeds of $625K Operations • Completed the Aspen Grove program – 4,009 metres • Advanced Pinaya • Land access and community agreements in place • Declaration of Environmental Impact was received • Mapping and target finalization was completed Business Development • Divestment of Castle Property • On-going opportunity review 5 5
Management Tom Peregoodoff President and Chief Executive Officer President and Chief Executive Officer of Peregrine Diamonds; previously spent 18 years with BHP Billiton. David Garratt, CPA, CA Gustavo Zulliger Chief Financial Officer Vice President, Exploration Former VP and Corporate Controller of Specializes in exploration of porphyry copper and Turquoise Hill Resources; six years epithermal systems in South America’s in Deloitte LLP’s audit practice focusing high-Andes region; 22 years of experience in on servicing mining clients. mineral exploration, project generation, and project evaluation. Nakaba Chimura Mark Gibson Executive Vice President, Asia Finance Chief Operating Officer Asian capital market adviser to Ivanhoe Chief Operating Officer Mines Ltd. and GoviEx Uranium. of High Power Exploration Inc.; formerly with Anglo American. 6
Board of Directors David Huberman, Chairman Chairman of Nominating & Corporate Governance and Compensation Committees President of Coda Consulting Corp.; former 25-year Senior Partner of a Canadian business law firm; Director of Trevali Mining Corporation. David Boehm David Korbin Former senior partner of Grant Thornton Former managing Partner of Deloitte; in Hong Kong, and a director of Ivanhoe former director of Ivanhoe Australia and Capital Pte Ltd.; Fellow of the Institute Ivanhoe Mines (now Turquoise Hill of Chartered Accountants in Australia and Resources). a Member of the Hong Kong Institute of Certified Public Accountants. Terry Krepiakevich Richard Cohen Chairman of Audit Committee Managing Director at Primary Capital Inc., Former Chief Executive Officer of Meryllion more than 30 years of experience in the mining Resources Corp.; former Chief Financial investment industry. Officer of SouthGobi Resources. Eric Finlayson Ignacio Rosado President of High Power Exploration (HPX), Chief Executive Officer of Volcan Compañia an affiliate of Kaizen’s majority shareholder, Minera S.A.A.; former Chief Financial HPX TechCo Inc.; spent 24 years with Officer of Hochschild Mining plc. Rio Tinto, including five years as Rio's Global Head of Exploration. 7
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