Advanced Gold Acquisitions in Ecuador Investor Presentation | June 2020
Disclaimer This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Western Pacific Resources Corp. (the "Company“) expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. This presentation has been prepared by Western Pacific Resources Corp. using its best efforts to realistically and factually present the information contained. However, subjective opinion, dependence upon factors outside Western Pacific Resources control and outside information sources unavoidably dictate that Western Pacific Resources cannot warrant the information contained to be exhaustive, complete or sufficient. In addition, many factors can affect the Presentation which could significantly alter the results intended by Western Pacific Resources, rendering the Presentation unattainable or substantially altered. Therefore, interested Users should conduct their own assessment and consult with their own professional advisors prior to making any investment decisions. This Presentation does not constitute a prospectus or public offering for financing, and no guarantees are made or implied with regard to Western Pacific Resources proposed ventures. There is no guarantee that valuable minerals can be produced profitably from our projects, or at all. The Presentation is being disclosed to User for User’s discussion, review, and/or evaluation only. User agrees to hold the Presentation, and all related information and discussions, in strict confidence, except that User may disclose the Presentation to a limited number of advisors and employees of the User to the extent necessary for User to adequately evaluate the Presentation. User warrants that any such persons shall be advised of the confidential nature of the Presentation before gaining access to the same and that no such advisor or employee shall use or disclose the Presentation except as permitted by this Agreement. Historical Geological Information: Any geological information and results presented which were not conducted by Western Pacific Resources are believed to be accurate but have not been verified. Projections: The presentation’s financial and other projections have been prepared using assumptions and hypotheses created by Western Pacific Resources management based on information provided to them and through due diligence. The assumptions used in the preparation of the projection reflect management’s intended course of action for the projection period based upon management’s judgement as to the most probable set of economic conditions if the assumptions they consider most likely are realized. The assumptions may not necessarily be the most probable and are based upon information existing as at the date of this presentation. The assumptions are those that management believes are significant to the projection. Some assumptions may not materialize, and unanticipated events and circumstances may occur subsequent to the date of this projection; therefore, the actual results achieved during the projection period may vary materially from the projections. This projection is based on our assumptions and there is a major risk that actual results will vary, perhaps materially, from the results projected. Qualified Person: The person with overall responsibility for approving Western Pacific Resources mining technical disclosure is John E. Bolanos, Certified Professional Geologist, and independent qualified person under NI 43-101 regulations. 02
Why Ecuador? Ecuador was named mining country of the • Underexplored compared to neighbors Peru and Colombia year for 2017* and has also steadily climbed • Dedicated and proactive Vice-Mining Ministry recently formed Fraser Institute Rankings • Centralized mineral concession registry within the Agency of Control and Mining Regulations (ARCOM) • Constitutional protection for foreign investment • Government recognizes mining as key industry and driver • Known permitting and community relations practices • Excellent transportation and power infrastructure • Low fuel costs due to local oil production • USD used as local currency. No currency restrictions • Qualified mining workforce available • Majors moving into Ecuador via JV’s and purchases • Three commercial mines now in production including Fruta Del Norte (Au), Celica (Au) and Mirador (Cu) *Source: https://business.inquirer.net/237958/ecuador-mining-award-business-environment 03
The Opportunity Initial asset adjacent to known gold deposit Premier local partners • Our initial exploration asset J ulian is directly adjacent to “El • Partnering with Green Oil (one of Ecuador’s largest mining Mozo ” high sulphidation epithermal Au project contractors) to unlock value in their portfolio • The mineralized trend from El Mozo runs SW directly onto the Julian • Green Oil started up and operated Ecuador’s first concession which has not been explored in detail and drilled yet. commercial open pit gold mine in 2016 • El Mozo counts with historical exploration works by Newmont and • Green Oil has a ccess to some of the country’s best Iamgold in the 1990 ’s and a historic in house (MINECA, 2011) non- exploration and production opportunities including 43-101 compliant 382,190 oz Au resource at 1.24 g/t Au based on concessions directly bid for by majors during last mineral drilling on 3 out of 8 known mineralized zones concession bid round Opportunity to acquire production assets Experienced team • The Company, in conjunction with Green Oil is in negotiations to • Premier local operator teaming up with experienced capital acquire producing precious metal assets markets team in a tight investment vehicle • 92% of Ecuador’s mineral production is from artisanal and non- • 19.9M shares out post-financing and post vend-in commercial mines • Green Oil S.A. will be largest shareholder of Western Pacific • Ecuador currently only has 3 commercial mines in production. Resources Green Oil has operated 4 gold mines since 2010 • Use of proceeds from initial fund raise will include DD and 43- 101 reports on acquisition opportunities 04
Luis Zapata Darryl Cardey Luis Miguel Espinosa CEO Director Director • Resources finance executive with 14 years of • Principal of CDM Capital Partners, a boutique • Administrator with over 15 years of experience financing Latin American mining natural resources investment banking advisory experience in the natural resources projects firm industry in Ecuador • Launched Canaccord Genuity’s Latin America • Co-founder of Northern Empire Resources • President of Green Oil S.A., one of Institutional Equities business unit in 2010 (acquired by Coeur Mining Inc in 2018) and Ecuador's largest mining contractors since • Former Partner & Head of Capital Markets at Underworld Resources (acquired by Kinross 2015 Seminario SAB, Peru’s largest independent Gold in 2009) • General Manager of Hidrotolumbi S.A. an brokerage firm • Director and Founder of Otterburn Resources Ecuadorian hydroelectric company • Deep ties to Ecuadorian mining industry Inc. (predecessor company to K92 Mining Inc) • Based in Quito, Ecuador having financed Ecuadorian mining companies • Currently sits on the board of Eclipse Gold since 2017 Mining Corporation Jeff Dare Eddy Yu Director CFO • Over 12 years of experience acting as an • Chartered Professional Accountant with over The executive officer and director for TSX-V and 20 years of financial management experience. CSE listed issuers • Prior to joining Western Pacific Resources, Mr. Team • Currently serving as the Corporate Secretary Yu has been providing executive management for several companies, including Great Bear and financial reporting services to publicly- Resources, ValOre Metals Corp., Fireweed traded companies listed on the TSX Venture Zinc, K2 Gold Corporation, Riverside Exchange. Resources Inc. Kodiak Copper Corp. and Palladium One Mining Inc. 05
Our Partner Green Oil S.A. Green Oil is one of Ecuador’s largest mining Green Oil has operated or consulted on 4 non-commercial gold and copper mines in Ecuador. Some of these will become contractors with over 18 years' experience acquisition targets for Western Pacific • Family owned firm with deep roots in the Ecuadorian resources industry • Started up and operated the first commercial open pit gold mine in Ecuador since 2016 • Green Oil has an in-house integrated management system (IMS) including mining engineers, geologists & environmental engineers • ISO 9001:9008 certified • Through our partnership with Green Oil, Western Pacific will have access to at-cost geological services throughout Ecuador Green Oil clients: 2018 Green Oil operations at Dynasty Goldfield; Ecuador’s first commercial open pit old mine. Source: Green Oil S.A. 06
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