CORPORATE PRESENTATION Powering the Future - JUNE 2018 TSX.V: MC - PowerPoint PPT Presentation

CORPORATE PRESENTATION Powering the Future - JUNE 2018 TSX.V: MC FSE: AOK OTCQB: MCCBF 1

FORWARD LOOKING STATEMENTS This Presentation includes, and is based on, forward-looking information and statements including “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act. These Forward-Looking Statements include references to or assumptions regarding future prices or demand for cobalt, accuracy of mineral or resource exploration activity, the existence of reserves or resources, regulatory or government requirements or approvals, access to third party information and continued access to mineral properties or infrastructure. The words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “fast”, “forecast”, “may”, “schedule”, “strategy” and similar words or expressions identify forward- looking information and statements. Forward looking statements are subject to risks and uncertainties that could cause actual results and outcomes to differ. These risks and uncertainties include, but are not limited to, economic conditions globally, the impact of competition, political and economic developments in the countries in which the Company operates, fluctuations in the margins for the Company’s product, economic and market conditions in the geographic areas and industries that are or could be major markets for the Company’s business, cobalt and lithium prices and market fluctuations, changes in governmental regulations, interest rates, accuracy of mineral or resource exploration activity, the possibility regulatory or government requirements or approvals will not be obtained, access to third party information, access to mineral properties or infrastructure, currency risks including the exchange rate of the US$ to the Cdn$ and/or the Uganda shilling, changes in exploration costs and government royalties or taxes in Canada or Uganda, disputes with indigenous peoples or other stakeholders and such other factors as may be discussed from time to time. Although the Company believes that its expectations and the information in this Presentation are based upon reasonable assumptions at the time when they are made, it can give no assurance that those expectations will be achieved or that the actual outcomes or results will be as set out in this Presentation. The Company is not making any representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the information in the Presentation, and neither the Company nor any of its directors, officers or employees will have any liability to the reader or any other persons resulting from the reader's use of the information in the Presentation. The Company undertakes no obligation to publicly update or revise any forward-looking information or statements in the Presentation. The reader should consult any further disclosure, including but not limited to relevant technical reports, which the Company has made, and may make, in documents it files with applicable securities regulators. This Presentation is intended for educational and informational purposes only and does not replace independent professional judgment. Statements of fact and opinions expressed are those of the participants individually. The information is not designed to provide financial, tax planning, accounting, investment, business or legal advice in any way whatsoever. The reader should consult with a lawyer, accountant and other professionals in respect of the contents hereof. Furthermore, the information in no way should be construed or interpreted as, or as a part of, an offering of, or a solicitation for the purchase of, securities. Investors are advised to discuss any trading with a registered securities broker or personal finance professional prior to investing. The technical information contained in this presentation has been reviewed and approved by Dean Besserer, P.Geo, Technical Adviser to the Company and a Qualified Person as that term is defined in National Instrument 43-101. TSX.V: MC FSE: AOK OTCQB: MCCBF 2

INTRODUCING M2COBALT OUR VISION Discover & develop world-class assets to meet the growing demand for cobalt The assets The expertise Exploring for World Class Cobalt Deposits Prime locations in Uganda, adjacent to the DRC Approx. 1,600 km 2 of the top ranked cobalt prospects per GTK. Also Global resource experience with proven track-record of Cu, Ni & Au advancing projects and creating shareholder value Ongoing work program – 4 large discoveries to-date, rock / soil sampling up to 1.24% Co, 0.4% Cu and 0.15% Ni Significant success in battery metals Assets and drill targets on trend with historic Kilembe mine World class team & in-country expertise (local Uganda team of 25) Same geologic footprint as DRC, Rwanda, Tanzania, South Sudan TSX.V: MC FSE: AOK OTCQB: MCCBF 3

M2 MANAGEMENT / BOARD 25 years in senior roles focused on resources, energy and Chairman, Millennial Lithium Corp. (TSX-V: ML). 30 Simon Clarke, energy technology. Co-Founder OSUM Oil Sands, former Graham Harris, years finance industry experience. Former SVP & LLB, Dip.LP – EVP RailPower Technologies, Director of several public BA - Director Director Canaccord Genuity Corp. Director, CEO mining companies. LLB University of Aberdeen Previously, Managing Director and Principal at APEX Andy Geoscience Ltd, international geological consulting firm Senior Investment Banking with JP Morgan Chase & Dean Besserer, with offices in Canada, South America, Australia. Has led Edelmeier, Credit Suisse First Boston in London. President Braemar exploration programs and property evaluations for various MBA, CPA, P.Geol. – West Capital Inc., MBA London Business School, CPA, CMA – Exploration commodities including gold, base metals, graphite, tin, CMA uranium and diamonds for numerous major and junior Director, CFO Manager & QP mining companies across the globe Former securities lawyer. Co-Founder Goldgroup Mining, Thomas Lamb, Ex Director Uzhuralzoloto group (Russia's 3rd largest gold Part of team that has built IAMGOLD Corporation (TSX JD, MSc, BA , – producer). CEO of Auranda Minerals focused on East Mahendra Naik, and NYSE) to $3.1 billion market cap. CFO 1990-1999 Director, VP Africa exploration. mSc and Sloan Fellow at London CPA – Advisor to and remains Director. Chairman Fortune Minerals - Operations Business School the Board helped raise over $100 million for company World renowned expert on local and artisanal Dr. Jennifer mining in East and Central Africa. Based in Hinton, Ph.D – Uganda for 13 years. Former consultant to World Bank, UN Head of East Agencies and multinationals. Has key local relationships and Africa heads East Africa Operations. Ph.D in Geological Operations Engineering at UBC TSX.V: MC FSE: AOK OTCQB: MCCBF 4

COBALT – INCREASING DEMAND COBALT SUPPLY FORECAST COBALT DEMAND FORECAST Cobalt Demand, tonnes 350000 Batteries 300000 Superalloy Chemical 250000 Metallurgical 200000 150000 100000 50000 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Cormark Securities Inc. TSX.V: MC FSE: AOK OTCQB: MCCBF 5

COBALT – RAPID PRICE RISE Source: InfoMine.com TSX.V: MC FSE: AOK OTCQB: MCCBF 6

WHY EAST AFRICA Source: United States Geological Survey, Mineral Commodity Summaries 2017 TSX.V: MC FSE: AOK OTCQB: MCCBF 7

UGANDA: LOCATION LOCATION LOCATION THE GEOLOGY  Region Hosts World’s Most Prolific Source of Cobalt - Uganda: geologic foot-print for sediment hosted Cu/Co deposits (Katanga Style), VMS style Co/Cu mineralization, and mafic/ultramafic hosted Ni/Co - Proven cobalt producer in historic Kilembe Mine - Similar underlying geology as DRC, yet underexplored THE COUNTRY  Stable Government, British-based Legal System - Transparent mining code to attract foreign investment - Free from DRC conflict minerals issues - Improving, modern infrastructure Location of major Co, Cu, Ni, Au and other deposits and mines TSX.V: MC FSE: AOK OTCQB: MCCBF 8

SUBSTANTIAL ASSET BASE – STRONG EARLY RESULTS ASSET OVERVIEW  100% Owned: 7 licenses in 2 areas ranked as top targets by GTK: Kilembe Area (193 Kms 2 ) - - Bujagali (1,371 Kms 2 )  On Trend: At the nexus of prolific mineral trends (Twangiza, Geita)  Kilembe: 2 licences <25km N and S of Kilembe Mine - #1 area for Co-Cu exploration (GTK) - VMS Co-Cu mineralization  Bujagali: Katanga (DRC)-style mineralization - 2 Large-scale discoveries – Bombo & Waragi Targets - Rock samples up to 1.24% Co, 0.4% Cu - Significant Artisanal gold rushes in recent past TSX.V: MC FSE: AOK OTCQB: MCCBF 9

THE KILEMBE PROJECT PAST PRODUCING KILEMBE MINE VMS-type Deposit: Ore assays - 2.20% Top Area: Area around the mine with World Class Producer: >16 M/T ore grading Cu, 0.25% Co, 0.36% Ni, and 15.4% S similar geologic features ranked as the #1 2% copper and 0.17% cobalt between 1956 exploration target in Uganda (GTK) (GTK, 2011) and ‘77. Operated by Falconbridge Resources: Falconbridge (1979) estimated Recent Revitalization: Despite 30+ years 4.1 Mt grading 1.77% Cu measured and of peace and stability, Kilembe Mine only indicated re ‐ opened in 2013 when Tibet Hima Mining Time Mining Consultants: 5.1 Mt tailings was awarded rights to rehabilitate and grading 0.12% Co, 0.18% Cu based on expand operations 3,900 metres drilled TSX.V: MC FSE: AOK OTCQB: MCCBF 10