Empire Mine Property Vancouver Island, B.C . July 2020
Cautionary Note Forward Looking Statement Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company’s control, and that future events and results may vary substantially and materially from what the Company currently foresees. This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities in Roughrider Exploration Limited, nor shall it or any part of it form the basis of or be relied on in connection with or act as any inducement to enter into any contract or commitment whatsoever. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this presentation or on any other document or oral statement or on the completeness, accuracy or fairness of any such information and/or opinions. No undertaking, representation, warranty or other assurance express or implied is made or given by or on behalf of Roughrider Exploration Limited or any of its directors, employees or advisors, as to the accuracy or completeness of the information or opinions contained in this presentation and, save in the case of fraud, no responsibility or liability is accepted by any of them for any such information or opinions or for any errors, omissions, misstatements, negligence or otherwise contained or referred to in this presentation. Historical information provided in this presentation regarding the Company’s projects or adjacent properties (in which Roughrider has no ownership interest and thus no right to explore or mine) cannot be relied upon as the Company’s QP as defined under NI-43-101 has not prepared nor verified the historical information. A Qualified Person has not done sufficient work to classify any historical mineral resource estimate(s) referenced herein as a current estimate and Roughrider is not treating such as current mineral resource(s). Qualified Persons The Qualified Person responsible for the technical information in this presentation is David Tupper, P. Geo., Company Vice President of Exploration, who has approved the technical information included herein. Any reference to adjacent properties, historical estimates and resources should not be relied upon. Adjacent Properties This presentation contains information about adjacent properties on which Roughrider has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties. www.roughriderexploration.com | TSX.V: REL | 2
Corporate Overview Shareholders Strong Technical Emphasis with Good Marketing Connections. Directors: Adam Travis, PEOPLE Scott Gibson, Fletcher Morgan, Jay Sujir and Dale Wallster. 21% Constantly Pursuing Other Opportunities, Emphasis on Projects with Gold Resources 52% STRATEGY with Room to Grow and Accretive Acquisitions that plays to our strengths. 27% Directors,Officiers & Related Party TIGHT SHARE 31.73 M Issued and Outstanding, 2.0 M options at 18 cents and 108,600 broker warrants at 10 cents , Current share price ~$.0.20 cents = $6.35 M market cap Institutional STRUCTURE Other Empire Mine Project Acquired: “Historical mine camp on Northern Vancouver Island; historical 2008 resource with lots of exploration upside” . On June 21, 2020 Roughrider ( “REL”) entered into a Binding Letter of Intent on with Mirva KEY ASSET Properties Ltd to earn a 100 % interest in the Empire Mine Property. REL will make Initial payments ACQUIRED on closing of $50,000 and 200,000 common shares of the Company and a minimum work commitment in Year 1 of $200,000. Total consideration over 5 years includes an aggregate $1,250,000 cash payments, the issuance of 3,000,000 common shares and work commitments of $2,000,000 Mirva will retain a 2% NSR on the Property of which 1% may be purchased for $1,000,000. EMPIRE MINE Additional Assets in BC’s Golden Triangle Gin & Eldorado Properties: “ ‘Book Ends’ to the Red Chris Mine” ACQUISITION Empire Mine Kingfisher Pit, 1966 Scottie West Property: “Adjacent to Scottie Gold Project”. (UBC Master's Thesis, John Lund 1966) www.roughriderexploration.com | TSX.V: REL | 3
Investment Thesis and Timelines Time is Right Experienced Leadership & Management Team First time for this large consolidated land position, improving financing market and record high Hundreds of years of technical, corporate, marketing and financial experience gold prices along with government initiatives have come together at same time. Gold & Copper Grades with Cobalt & Silver Credits Tight Share Structure Previous underground and open pit mining between 1916-1973 was focussed on the iron ore Interests Aligned - Directors & Related Parties own > 50% of the shares (magnetite and copper potential) and it was not until the 1980's that the gold potential of the area was recognized. Exploration drill results such as 2006 drillhole MW06-17 which Under Explored Area with Good Infrastructure returned 6.51 g/t gold and 1.38% copper over 50.32 m attest to the exploration potential. Northern Vancouver Island has had a rich history of mineral production and Drill results such as MW07-72 which returned 5.82 g/t gold and 0.405% cobalt over 8.16m resource development (logging, sawmills, pulp and paper mills, fishing, from 5.18-13.34 m also highlight underappreciated cobalt potential. gravel pits, rock quarries) over the last hundred years but has been far less explored than other prolific mineral belts in B.C; especially with modern Historic Resources & District Scale Potential exploration techniques. Extensive network of logging roads and port Leveraging millions of dollars in past exploration: including 134 diamond drillholes facilities throughout the region. Recent government initiatives including (13,563.3m) completed between 1989-2007, a 2008 N.I 43 101 airborne surveys and detailed geological surveys. Mineral potential is Resource of 960,000 tonnes at 2.03 g/t gold, 5.64 g/t silver, 0.34% copper, 0.013% starting to be recognized again by major mining companies like Teck cobalt and 16.1% iron using a 0.50 g/t gold cut-off ¹ ¹º that is open to depth but was Resources and Freeport with their recent acquisitions in a region that can never finished drilling due to the financial crisis and later other corporate priorities. be worked all year round. The Property covers 22 mineral occurrences, including 3 past producing open pit and two Smart Deal & Strong Consolidated Land Position underground past producing mines for magnetite, copper, gold, and silver. Signed Binding L.O.I to acquire a 100 % interest in Mirva Properties Empire Peer Comparisons Mine Property; who consolidated ownership over the last five years and Current Market Cap $6.35 M with geological analogues include Sunmetals (market cap - Roughrider then immediately doubled land position to >15,000 hectares $30M) Stardust Project and discovery timing includes Scottie Resources rediscovering the covering a 11 km x 22 km belt. Deal is structured to have low upfront costs Scottie Gold Mine ($20 M market cap to $50 M market cap) with $50k cash, 200 k shares & $200 k work commitment in Year 1. $200 k Geology, Confirmation & Step Property Exam, Due Update Resource, Commence 2021 Geochemistry & Geophysics, Out Diamond Drill Program Diligence, Binding Plan 2021 Work Field Programs & Permitting, Consultations, (>3000 m) , Prioritize Regional Drilling L.O.I Signed Programs Definitive Agreement Signed Targets June 2020 Q4 2020 – Q1 2021 Q3-Q4 2020 Q1-Q2 2021 Q3 2020 Discovery Path- Year-Round Exploration and News Flow www.roughriderexploration.com | TSX.V: REL | 4
Empire Mine, Northern Vancouver Island Empire Mine Property Acquisition Highlights • The Property covers 22 mineral occurrences, including 3 past producing open pit and two underground past producing mines for magnetite, copper, gold, and silver. • Significant previous drill intercepts including 2006 drillhole MW06-17 ² which returned 6.51 g/t gold and 1.38% copper over 50.32 m . • Historical measured and indicated resource of 960,000 tonnes at 2.03 g/t gold, 5.64 g/t silver, 0.34% copper, 0.013% cobalt and 16.1% iron using a 0.50 g/t gold cut-off completed November 30, 2008 by Gary Giroux ¹ ¹º. The resource was noted as open to depth and no further work on the resource has been completed since 2008. • The Property was recently expanded from 7,114 hectares ("ha") to over 15,000 ha by Roughrider staking. • > 6 km prospective strike length outlined by historical 2005-2008 geophysical work and drilling. • The Property has excellent infrastructure and access due to logging, active limestone quarrying, power lines and power generation operations in the area as well as easy access to ports at both Port McNeil and Port Alice. www.roughriderexploration.com | TSX.V: REL | 5
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