Forw rward-Lookin ing St Statements This presentation includes 'Forward-Looking Statements' related to Aurion’s continued effort to advance its mineral exploration programs. When used in this presentation, the words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Aurion Resources believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. Aurion does not make any representation as to the accuracy, validity or completeness of any facts or information contained herein. Nothing herein constitutes either an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. Mike Basha, P.Eng., P.Geo., Aurion’s President and CEO, is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical information in this presentation. 2
Why Ce Central l La Lapla land Greenstone Be Belt lt (C (CLGB)? )? • High Geological Prospectivity • Several world class deposits and prospects • Kittila (Au) • Kevitsa (Ni-Cu-PGM) • Sakatti (Ni-Cu-PGM) • Underexplored – only open to foreign explorer/miners in mid- 1990’s after Finland joined EU • Exploration previously driven by state mining company Outokumpu and the Geological Survey of Finland (GTK) looking for base metals • Low drill density and shallow depth • Stable government and transparent regulatory regimes • Consistently ranks in the top 5 Fraser Institute Survey • Low corruption index • Fair and stable fiscal / tax systems • corporate tax rate 24.5% ; lowered to 20% to attract investment • Small royalties • Skilled and educated workforce • Access to infrastructure • Exceptional foundational geoscientific databases (GTK, Outukumpu, TUKES) at free or minimal cost • Support by local government and community for responsible mineral development.
Favourable le Geolo logic ical l Features of f th the CL CLGB ✓ Favourable tectonic se setting and and ag age e for or or orogenic gold old (f (fol olded Lo Lower Proterozoic vol olcano-sedimentary seq sequence deformed in de in the 1.91 .91-1.79 Ga a Svecofennian or orogeny) 00 km 2 ) ✓ Greenschist faci acies s metamorphism sm (38 (3800 Maj ajor trans-crustal sc scal ale faul ault (12 (125 5 km lon long Sirk Sirkka Lin Line) wit ith fle flexures ✓ ✓ La Late conglomerates spa spatially as assoc sociated with ith thi his majo ajor faul ault and and pul pull-apart basi basins ✓ Fe Fe-tholeiites s = = goo ood hos host (as (as at Red ed Lak Lake, Tim immins, s, Hope Bay) ✓ Komatiites s (r (rar are in in Lo Lower Proterozoic) and and lam lamprophyres, , de deep man antle tap apping ✓ Syenite (e (evidence for or alk alkaline ign igneous act activity) ✓ Graphitic schi chists (goo ood rheologic con ontrast and and reducing po potential) Fuchsi Fuc site, ir iron car arbonate, ser sericite, talc alc, ser serpentine alt alteration (aq aquacludes) ✓ ✓ Terrane bo boundaries/ s/regional unc unconformities s juxt juxtaposi sing g dif different structural le levels ✓ Und nderexplored (lo low dr drill de densi sity and and gen enerally onl only shal shallow dr drilling); no not he heavily pr prosp spected ✓ Known gol old sho showings s and and de deposi sits s inc including Kit Kittila (28 (28 Mt @ 4.6 4.6 g/t Au Au = = 4.4 4.4 M oz oz Au Au pr proven and and pr probable [7.8 [7.8 M oz oz Au Au all all categories] s] as as of of Dec December 31 31, , 20 2016 16) ✓ Strong fou St oundational government (G (GTK) geo eologi gic res esearch and and geo eodatabases s exi xist inc including seis seismic pr profi files ✓ These characteristics are “hallmarks” of other prolific greenstone gold belts and thus by inference the CL CLGB sho should ld ha have much mor ore rea eali lized gold old en endowment.
Belt ltwid ide Alt lteratio ion and Gold ld Occurr rrences = visible gold Sila Ruoppa All the usual suspects are present including Albite, Fuchsite, Sericite, Tourmaline and of course GOLD. Kittila Gold Mine Sirkka Line Sore v Kutuvuoma Ahvenjarvi Aamurusko Source: GTK Bedrock Obs database; Aurion
CLGB - Belt ltwid ide Alt lteratio ion - Fuchsit ite VG hosted by qtz-carb-fuch-po veinlets Kutuvuoma Green Ore from Kerr Addison Mine, Kirkland Lake Extensive fuchsite + qtz-carb veining at quarry adjacent to Sirkka Line 6
Auri rion La Land Posit sitio ion Regional l CLGB Unconformitie ies an and Sirk irkka Lin Line Ruoppa Kumpu Group Ruoppa Kittila Mine Sore Aamurusko (undivided) Ahvenjarvi Kutuvuoma (Modified 1:200k Geology, after GTK) Aurion land position primarily focused on 125 km long Sirkka Shear Zone, a major fault/deformation zone recording collision between Kittila Terrane (primarily mafic volcanics) and Savukoski Terrane (primarily ultramafic volcanics and graphitic and sulfidic sediments), later oblique movement and development of pull apart basins filled by Kumpu conglomerates and quartzites; Gold mineralization (Aamurusko) is spatially associated with regional unconformities between the <1.85 Ga 7 Kumpu Group on Kittila, Savukoski and Sodankyla Groups adjacent to the Sirkka Line
Timiskaming Group Kumpu Group analo logous to Timis Tim iskamin ing Group (s (same sc scale le) Kirkland Lake Main Break 49 Mt @ 15 g/t Au Sore Larder lake-Cadillac Zone 40 Mt @ 8.5 g/t Au Outapaa Ahvenjarvi Kutuvuoma Aamuruusko Kumpu Group Many gold prospects occur adjacent to the Sirkka Shear Zone and the adjacent late Kumpu Group (clastic seds deposited in pull apart basins). This settings potential for orogenic gold deposits was previously unrecognized in the CLGB. Intense prospecting of this setting ultimately led to the Aamurusko gold discovery.
Ris isti – Au Au-in in-Rock Results to date: • Aamurusko: • 717 rock samples average 33 g/t Au (102 samples > 31 g/t Au) over 1.4 km long by 1.0 km wide NE-SW corridor • 43.3 g/t Au over 1.65 m and 20.6 g/t Au over 2.5 (Channel samples) • K2 Zone • 1.7 km SW along strike from Aamurusko • Qtz boulders over 100 m assaying up to 166 g/t Au • Notches • Beginning 3.0 km Widespread Au in qtz stockwork/breccia veins with visible gold over 5 km; assays of 420 and 622 g/t Au • Risti NW • Limited prospecting 5.5 km NW with qtz veins assaying up to (1:200k Geology, GTK) 14.1 g/t Au To date Aurion has collected 2232 rock samples averaging 11.8 g/t Au across the Risti project. Aurion’s work to date has demonstrated regional, possibly camp scale gold potential associated with regional unconformities, a 9 previously unrecognized setting for gold mineralization in CLGB.
Ri Risti - Aamurusko Ser Serie ies of of very ry lar arge ang angular qu quartz bo boulders s wit ith ab abundant VG
La Large Quartz Vein in Blo Blocks with ith Visi isible le Gold ld VG next picture 11
Aamurusko Bould lder Channel Samplin ing quartzite polymictic conglomerate mafic volcanic graph schist
Ris isti - Aamurusko Rock Textu xtures Doris, Hope Bay, Canada Red Lake, Canada Aamurusko Main Trend, Finland Visible gold at Aamurusko often found along crack-seal fractures similar in style to Red Lake and Doris Au Mines (Canada)
Ris isti - Aamurusko Rock Textu xtures
How did id th the bould lders get t here? Frost Heavin ing? • Frost heave is a well known phenomenon in Fennoscandia; roads heave as much as 0.5 m annually. • Frost heaves boulders to the surface in a short time • In the picture to the right this boulder was observed for 5 years. Initially, only a corner was sticking out of the ground but within 5 years the entire 0.5 x0.6 x0.8m boulder was on the surface. (Seppela, 1975) • Minor late glacial dispersion 15
Ris isti: Regio ional l Gla lacia ial l His istory ry (GTK TK) Glacial striations (GTK data) Indicate a west to east ice flow direction; thus NE-SW distribution of boulders not due to glacial dispersion Kutuvuoma Aamurusko
Ris isti - Aamurusko Not ju just bou oulders Extensive quartz stockworking locally in outcrop
Ris isti - Aamurusko Geolo logic ical l Se Settin ing Fault-bounded Kumpu Group Quartzite and Conglomerate: Pull apart basin Extension – > step-over, pull apart basin Kutuvuoma Conglomerates A’ Deposited on unconformities Kumpu Group Quartzite Aamurusko Sirkka Shear Zone – Major regional deformation Zone A
Ris isti - Aamurusko Geolo logic ical l Se Settin ing Timiskaming polymictic conglomerates Timmins Timmins Kirkland Lake Aamurusko Conglomerates
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