Copper Lake Resources Ontario’s Next Copper Discovery Copper-Gold-Zinc-Silver VMS Camp December 2017 www.copperlakeresources.com TSX-V: CPL
Disclaimer Cautionary Statement These presentation materials include certain statements which may be deemed to be “Forward looking statements. ” All statements, other than statements of historical facts, that address such matters as future exploration, drilling exploration, activities, potential mineralization and resources and events or developments that 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 or developments may differ materially from those in forward looking statements include market prices, exploitation and exploration success, continued availability of capital and financing, and assume no obligation to update or revise forward looking statements as results of new information to reflect actual results, future events or otherwise. Any forward looking statements are expressly qualified in their entirety in this cautionary statement. This is not to be construed as an offer to buy or sell securities of Copper Lake Resources Ltd. TSX-V: CPL
Creating Shareholder Value • Focus on the Marshall Lake Copper-Zinc-Gold Property • Consolidate ownership now 68.75% (option to 87.5%) • Value unlocked by collating and integrating historic data • Created data driven exploration model • Six VMS targets identified in the core area, three of which are drill-ready • Excellent road and rail access plus established infrastructure • Other assets include Cu-Ni-Co and high grade gold properties TSX-V: CPL
Capital Structure December 2017 TSX-V : CPL Shares Issued 104,156,782 Significant Shareholders • Options @ $0.05 5,600,000 • Dundee Resources Limited 6.0% • Convertibles @ $0.10 1,125,000 • Goodman Investment Counsel 6.0% • Warrants @ $0.05 6,875,000 • Paul Mcgroary 12.7% • Warrants @ $0.055 4,570,364 • Edward Yurkowski 9.0% • Warrants @ $0.15 4,673,662 • Share price $0.05 TSX-V: CPL
Marshall Lake VMS Copper Gold Camp • Large Copper-Gold-Zinc-Silver VMS Camp • Thunder Bay, NW Ontario off Highway 11 • Significant drilled mineralization in a number of Copper stringer zones • Main Billiton Zone Non 43-101 Resource of 1.2Mt @ 0.82% Cu, 2.71% Zn, 60.36g/t Ag, 0.20g/t Au (A.S. Bayne, 1970) • Non 43-101 Resource at Teck Hill of 479,300t @ 1.04% Cu • Prior focus on significant copper-zinc mineralization meant gold was neglected • Located in the greenstone belt between the Premier-Centerra and the new Landore gold discoveries TSX-V: CPL
Marshall Lake VMS Advanced Copper Gold Project • 68.75% project ownership and nearing 75% • Option to earn up to 87.5% • Numerous copper rich stringer targets located at surface and in drilling • High grade copper stringer intercepts in drilling • 22km north of CN rail, 310km from Thunder Bay • Truck accessible year round • +400 historical holes
Marshall Lake Copper Gold Project Significant Drill Results Zone Target Depth Metres % Cu (% Zn) g/t Ag (g/t Au) Main #1 36.8m 10.1m 1.25% Cu, 1.1% Zn 56.1 g/t Ag, 0.16 Au Main #1 28.0m 9.7m 1.19% Cu, 3.22% Zn 79.5g/t Ag, 0.20 Au Gazooma #2 7.0m 28.0m 1.14% Cu 22.5g/t Ag, 0.17 Au Gazooma #2 3.0m 27.1m 2.03% Cu 37.9g/t Ag, 0.31 Au Gazooma #2 2.0m 28.7m 1.30% Cu 24.7g/t Ag, 0.29 Au Gazooma #2 23.9m 14.8m 2.46% Cu 47.6g/t Ag, 0.34 Au Gazooma #2 1.5m 21.3m 0.83% Cu 15.7g/t Ag, 0.12 Au Teck Hill #3 52.0m 44.5m 0.93% Cu 10.1g/t Ag Teck Hill #3 56.3m 27.8m 0.52% Cu - RM #4 70.0m 24.0m 1.74% Cu 8.9g/t Ag, 0.32 Au RM #4 149m 33.0m 1.53% Cu 6.8g/t Ag, 0.13 Au RM #4 269m 24.0m 1.01% Cu 4.0g/t Ag, 0.09 Au RM #4 172m 23.0m 1.34% Cu 6.7g/t Ag, 0.29 Au RM #1 144m 43.0m 1.38% Cu 5.4 g/t Ag RM #2 84m 70.0m 0.56% Cu 2.7 g/t Ag
Marshall Lake: Targets & VTEM Anomalies Enlarged Map Property Boundary N Marshall Lake Adnarod Billiton 2 Main Billiton Zone 6 South Billiton LEGEND 1 Felsic Sill 72 Occurrence 5 4 Summit Lake Pluton (Tonalite) Jewel Box 66 Occurrence Summit Lake Pluton (Marginal) Ultramafic intrusive RM Zone Felsic Intrusive Cherry Hill Zone Felsic Metavolcanic Metasedimentary Clastic Metasedimentary Gazooma Zone 2 Tuffacious Sandstone Intermediate Metavolcanic 3 Lin Trend Teck Hill Zone 0 2 4 6km Mineralized Zones VTEM Conductors
Marshall Lake VMS Copper Gold Project Billiton Main Zone Historical Assays • MAR-06-06: 0.35m @ 28.7g/t Au, 3.43% Cu • MAR-06-09: 2.0m @ 2.70g/t Au, 0.84% Cu • MAR-06-06: 0.30m @ 2.15g/t Au • MAR-06-03: 0.75m @ 1.22 g/t Au, 2.07% Cu • Historic Non 43-101 compliant resource of 1.2Mt @ 0.82% Cu, 2.71% Zn, 60.36g/t Ag, 0.20g/t Au TSX-V: CPL
Marshall Lake VMS Copper Gold Project VTEM-001 Conductor; South Billiton • Untested VTEM Modelled Plate • Drill Hole MAR-07-11 drilled above and to side of the VTEM conductor • Intersected massive sulphides • Returned 10.2m @ 1.25% Cu, 1.04% Zn, & 56g/t Ag • Includes 4.0m @ 1.93% Cu • Plate open and untested down dip at South Billiton • Shallow: <150m depth • Drill ready target
COPPER LAKE RESOURCES LTD Marshall Lake VMS Copper Gold Project TSX-V CPL; Frankfurt W01 VTEM-002 Conductor: Gazooma • Drilling at Gazooma stopped above the conductor • Hole GAZ-07-10: 4.0m @ 1.73% Cu, 0.27g/t Au, & 34g/t Ag • Hole GAZ-10-15: 3.0m @ 1.88% Cu, 0.62g/t Au, & 42g/t Ag • GAZ-08-12: 10.0m @ 1.18% Cu, 0.26g/t Au, & 28g/t Ag • Historic holes were too shallow and did not target the VTEM mineralized unit • Conductor: Open and untested • Drill ready target TSX-V: CPL
COPPER LAKE RESOURCES LTD Marshall Lake VMS Copper Gold Project TSX-V CPL; Frankfurt W01 VTEM-003 Conductor; Teck Hill • Drilling at Teck Hill intersected edge of conductor • Hole TK-08-09 two zones: • 4.25m @ 3.79% Cu, 0.27g/t Au, & 38g/t Ag • 4.7m @ 2.34% Cu, 0.11g/t Au, & 25g/t Ag • Hole TK-07-02 drilled above plate hit 0.75m @ 1.20g/t Au, 5.20% Cu • Historic holes did not reach the target mineralized unit • Drill-ready target • 479,300t @ 1.04% Cu (Historical resource, Non-43-101) TSX-V: CPL
Marshall Lake: Newly Defined Gold Mineralization in VMS Systems TSX-V: CPL
Marshall Lake Copper Gold Project Gold Rich Zones: Adnarod Zone • Drill results up to 3.81m @ 14.54g/t Au • Only tested by 2 drill holes • Channel sampling: Up to 0.49g/t Au, 1.62% Cu • Mapped over 350m strike length • Folded and east plunging • Quartz-Sericite alteration • Massive Sulphide lenses • Plus Billiton 2 Zone: Historic drilling: 1.28m @ 2.06g/t Au, 4.90% Cu TSX-V: CPL
Marshall Lake VMS Copper Gold Project Gold Rich Zones: Lin Structure • 1.2km long • Quartz-Sericite alteration, Quartz veins • Massive Sulphides • Grab samples: 15.35g/t Au, 5.19g/t Au, 4.51g/t Au, 4.12g/t Au, 2.98g/t Au • Chip Sampling: Up to 1.05g/t Au, 2.82% Zn TSX-V: CPL
Norton Lake Magmatic Nickel Copper Cobalt PGM Property • Located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario, Canada • NI43-101 compliant resource • Measured & Indicated : 2.26Mt @ 0.67% Ni, 0.61% Cu, 0.03% Co & 0.46g/t Pd • Inferred: 0.20Mt @ 0.66% Ni, 0.59% Cu, 0.59% Co, 0.47g/t Pd • Significant extension opportunities • Parallel mineralised trend identified TSX-V: CPL
Norton Lake Magmatic Ni-Cu-Co-PGM Project TSX-V: CPL
Greenstone Belt Gold Properties NW Ontario Low Cost Exploration • Patricia and Kenora Districts • Good all year round access • Ability to achieve 100% earn-in • High grade gold vein and banded iron • Intercepts in drill and channel samples • Adit and shaft workings • Low cost exploration • Additional staking potential 4 High Grade Properties • Mine Lake • Queen Alexandria • Grand Chibougamau • Centrefire-Redhat
NW Ontario Greenbelt Gold Mine Lake Gold Property • 230km NW of Thunder Bay • 3x shear zones Thomas Lake • 1500m long 62.8g/t Au • 50m wide • Quartz-Fe CO3 veins Stewart Contact Zone 3.2m@6.90g/t Au • Qtz-Ser alteration Mine Lake • Channels 55.6g/t Au 1. 3.2m @ 6.90g/t Au 0.5m@15.4g/t Au 2. 0.5m @ 15.40g/t Au 29.0g/t Au Grab samples: g/t Au Channel samples: g/t Au Mafic Intrusions Shear Zone Felsic Volcs Mafic Volcs
NW Ontario Greenbelt Gold Properties Queen Alexandria Gold Property • 47km south of Dryden • Quartz veining in chlorite-carbonate alteration, averaging 0.5m wide has been located within a major NNE-SSW shear zone. The shear was historically mined via the Queen Alexandria shaft (1904) which occurs on the property. • Grab sampling of outcrops within a trench located 25m from the main vein returned gold assays of up to 9.26g/t, 5.05g/t and 14.31g/t • Recent grab samples up to 28.8g/t Au, 140.9g/t Au, 340.8 g/t Au and 89.3g/t Au • No recent exploration work
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