High Grade Canadian Gold+ Balmoral Resources Ltd. This - PowerPoint PPT Presentation

February 2017 High Grade Canadian Gold+ Balmoral Resources Ltd.

  This presentation is prepared by Balmoral Resources Ltd. (“Balmoral or This presentation may also refers to historic geological resources – BAR”) management and BAR is solely responsible for content and format. identified by an asterik * in the text – these resources are historic in Darin W. Wagner, P.Geo is a non-independent Qualified Person and has nature and pre-date the implementation of Canadian National compiled this presentation from publicly available industry information, Instrument 43-101. Neither the Canadian nor the US Securities and NI43-101 compliant technical reports and new releases with specific Exchange Commission recognize the reporting of historic resources underlying Qualified Persons as set out in the releases and reports. they are considered conceptual in nature. It cannot be assumed that all Industry Information has been compiled from publicly available sources or any part of geological resources will ever be upgraded to a higher and may not be complete, up to date or reliable. Forward looking category. INVESTORS ARE CAUTIONED NOT TO ASSUME THAT PART OR statements may differ materially from actual events. Please see ALL OF GEOLOGICAL RESOURCES EXISTS, OR ARE ECONOMICALLY OR complete information on SEDAR (www.sedar.com). LEGALLY MINEABLE. They are included herein solely for historic context and completeness.  This presentation is for information purposes only and is not a  solicitation. Please consult the Company for complete information and a The TSX has not reviewed and does not accept responsibility for the Registered Investment Representative prior to making any investment accuracy or adequacy of this presentation, which has been prepared by decisions. This presentation reports on the technical details of the management. There can be no assurance that any of the assumptions in company’s projects up to February 27, 2016 and provides a guide to the the resource estimates will be supported by a Pre-feasibility or company’s potential future activities and use of funds. There can be no Feasibility Study or that any forward looking event will come to pass. assurance that the company objectives will be achieved. The data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment.  Inferred Resources may be reported. The US Securities and Exchange Commission does not recognize the reporting of Inferred Resources.  These resources are reported under Canadian National Instrument 43- This presentation contains information with respect to adjacent or 101 and have a great amount of uncertainty and risk as to their existence similar mineral properties in respect of which the Company has no and economic and legal feasibility. It cannot be assumed that all or any interest or rights to explore or mine. Readers are cautioned that the part of Inferred Resources will ever be upgraded to a higher category. Company has no interest in or right to acquire any interest in any such Under Canadian Rules estimates of Inferred Mineral Resources may not properties, and that mineral deposits on adjacent or similar properties form the sole basis of feasibility studies or pre-feasibility studies. are not indicative of mineral deposits on the Company’s properties. INVESTORS ARE CAUTIONED NOT TO ASSUME THAT PART OR ALL OF AN Past performance is no guarantee of future performance and all INFERRED RESOURCE EXISTS, OR ARE ECONOMICALLY OR LEGALLY investors are urged to consult their investment professionals before MINEABLE. making an investment decision. Investors are further cautioned that past performance is no guarantee of future performance  The Company may access safe harbor rules. 2

Darin Wagner – President, CEO and Director – M. Sc., P. Geo. Larry Talbot – Director – Legal Counsel Founder of Balmoral and Co-Founder, President and CEO, West Timmins Respected legal counsel with over 25 years of related industry Mining sold to Lakeshore Gold for $424 Million; veteran geologist with experience; extensive background as a director with publicly listed 25 years of international experience with major and junior companies companies including Noranda, Cominco, PTM, MAG,NCA,FPC Bryan Disher – Director – (CPA, CA) Richard Mann – Vice-President, Exploration 38 years with PricewaterhouseCoopers in Canada, Australia and Experienced explorationist and project manager; 15 years of intl. Ukraine. Worked in PwC’s Mining and Metals practice in Canada and experience with Barrick, Miramar and Cominco.; manages award Ukraine. Served 8 years on the Board of PwC Partnership including a winning exploration team term as Chair of the Board. Dan MacInnis – Lead Director – P. Geo. Peggy Wu – Chief Financial Officer – CPA Over 40 years worldwide exploration experience including leading one Chartered Accountant and Financial reporting specialist with extensive of the industry’s most successful explorers – MAG Silver experience with publicly listed resource companies. Graeme Currie – Director – Industry Analyst and Investment Banker John Foulkes – Vice President, Corporate Development Over 30 years experience analyzing and evaluating exploration and Experienced and successful explorationist with 20 years of industry mining companies for one of Canada’s largest brokerage houses. experience including over 10 years as Manager of Corporate 3 Currently serving as Chairman of Pure Gold mining. Development for TSX listed resource companies.

 Balmoral’s flagship Detour Gold Trend Project is located in the Abitibi Region of Quebec  The Abitibi is home to the second largest accumulation of high-grade gold deposits on earth and numerous significant copper, nickel and zinc deposits  The gold deposits within the Abitibi occur along major, regional scale faults, like the Sunday Lake & Lower Detour Deformation Zones underlying Balmoral’s holdings. These deposits are renowned for their tremendous vertical continuity and high average gold grades  Balmoral controls over 1,000 square kilometres of mineral rights 4

• Year-round road accessible • 55 km from railhead providing direct access to global ports or Canadian smelting and refining complexes • Hydro grid is located 20 km south of the project area – access to the cheapest power in NA • Historic and active mining region – Detour Gold, Hecla, Glencore • Located in the traditional territory of the Waskaganish and Washaw Sibi Cree First Nations; 5 within the James Bay Settlement Agreement area

The Abitibi and Canada in general continue to be the principal focus of M&A in the gold space with several high-profile acquisitions delivering value to investors 6

High-grade gold mineralization from the Bug North Footwall Zone on the Martiniere Property This sample returned 9,710 g/t gold over 0.57 metres – highest grade sample on Detour Trend 7

• Balmoral owns 100% of the expanding Martiniere Gold System • 4 Deposits (Bug N, Bug S, Martiniere W, Bug Lower Steep), Multiple Additional Discoveries • 45 km east of the Detour Lake gold mine & 45 km north of the Casa Berardi gold mine 8 • 90% of drilling above 300 vertical metres; all zones open to depth

• 4 near surface gold deposits: • Bug North • Bug South • Martiniere West • Bug Lower Steep • Numerous additional near surface mineralized zones; Cross-Sections 5 new shallow discoveries in 2016 including: • BLD3: 10.5 g/t over 5.8m • 221 Zone: 10.9 g/t over 6.8m • 237 Zone: 6.3 g/t over 11.7m • All deposits/zones open to depth/down plunge • Current drilling focused on delineation and expansion of the Bug South deposit 9

• 4 near surface gold deposits: Bug North Bug South Martiniere West Bug Lower Steep • Numerous additional near surface mineralized zones • All deposits/zones open to depth • Minimum 25,000 metre drill program currently underway with results pending 13

50 m Cross Section Looking North W E Hanging Wall Zone Lower Bug Upper Bug Martiniere East Footwall Porphyry (MEP) Target Bug North Deposit 200 m vertical (SE plunge) Lower Steep Target Zone Deepest Hole Now 540 Vertical Metres – Open to Depth ! 14

• One of four sub-parallel zones which comprise the Bug North Deposit • Highlights: 1,138 g/t gold over 4.87 m 273 g/t gold over 3.88 m 197 g/t gold over 0.83 m 35.15 g/t gold over 4.15 m 27.05 g/t gold over 6.22 m 22.89 g/t gold over 4.10 m 21.60 g/t gold over 6.30 m 19.55g/t gold over 44.45 m 11.17 g/t gold over 10.99 m 9.30 g/t gold over 15.75 m 9.05 g/t gold over 7.60 m 7.94 g/t gold over 19.70 m • 51% of all Martiniere system holes have returned intercepts of >10 g/t gold! 15

• Balmoral owns 100% of the expanding Martiniere Gold System • System now which spans at least 4 x 2 kilometres and is open • Located 45 km east of the Detour Lake gold mine and a similar distance north of the Casa Berardi gold mine • 90% of drilling above 300 vertical metres • All zones open to depth/down plunge 16