June 2017 Presentation TSXV: MCI | AGRDF: OTC Pink TSXV: MCI | - PowerPoint PPT Presentation

June 2017 Presentation TSXV: MCI | AGRDF: OTC Pink

TSXV: MCI | AGRDF: OTC Pink Cautionary Notes Cautionary Note Regarding Forward-looking Information This presentation contains certain information that may constitute forward-looking information under applicable Canadian and U.S. securities legislation, including but not limited to information about current expectations on the timing, extent and success of exploration, development and metallurgical sampling activities, the timing and success of mining operations, the optimization of mine plans, milling activity at the PL Mill, the timing and completion of updated mineral resource and reserve estimates in respect of the PL and Nokomis deposits, the Company's intention and ability to monetize mineralized material, project development and related permitting, the financial condition of Minnova and the ability of Minnova to finance exploration and development funding requirements and the ability of Minnova to meet forecast production and cost targets. This forward-looking information entails various risks and uncertainties that are based on current expectations, and actual results may differ materially from those contained in such information. These uncertainties and risks include, but are not limited to, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations; and the ability of Minnova to fund its substantial capital requirements and operations. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials filed with the securities regulatory authorities in Canada which are available at www.sedar.com. Readers are urged to read these materials. Minnova assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by law. Cautionary Note Concerning Resource Estimate: Historical resources in this presentation are historical estimates that predate NI 43-101 and are not compliant with current definitions, and have not been verified by the company; consequently, they should not be relied on by investors. Qualified Person Mr. Brian Robertson, B. Sc., P. Eng.., a Director of the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in this presentation. Unless otherwise noted, all dollars in this presentation are in C$ dollars. www.minnovacorp.ca 2

TSXV: MCI | AGRDF: OTC Pink Minnova Corp. - Two Value Propositions EXPLORATION MINE RE-START + 22km unexplored Near term Gold Production ~45k opy production Gold Bars produced in 1988/89 containing 513 oz and 532 oz Au, respectively 3

TSXV: MCI | AGRDF: OTC Pink Cases for Gold and Manitoba GOLD MANITOBA FUNDAMENTALS FUNDAMENTALS • • Low to negative correlation with other World Class Mining Jurisdiction asset classes, making it an effective • Most Prolific Greenstone Belt in Canada portfolio diversifier • Excellent Infrastructure • Generally Positive/Bullish outlook for • Low Cost Electrical Power GOLD and gold linked equities • > 100 Years of Mining – 30 Mines • Rising global debt – is it a crisis? • Historically a High Grade Mining Camp + • Negative interest rates experienced workforce + Low Cost • Global political unrest Suppliers (drillers, road maintenance, etc.) • Institutions adding GOLD to asset mix • No First Nation Issues • PL Mine is past-producer & permitted MINNOVA’S • Attractive Capital Structure (~28 million shares) • Key Mining Infrastructure in place = Lower Capex VALUE • High grade LOM average gold grade >7g/t • PROPOSITION Targeting ~45,000 oz annual production • Low Relative Valuation ~US$20 EV/Rsc oz www.minnovacorp.ca 4

TSXV: MCI | AGRDF: OTC Pink Exceptional Value Proposition Feasibility Study Underway - Producion • CANADIAN GOLD 100% owned past producing , permitted PL Gold Mine • PROJECTS 100% owned satellite Nokomis gold deposit • Feasibility Study Underway - Targeting mid-2018 Au Production • Forecast production of 40-50k oz. Au per year for 10 years • GOLD PRODUCTION Average LOM diluted grade 7.2g/t (underground only) • in 2018 1 Low capex – Forecast C$25 – C$30 million • Low AISC (<US$1000/oz), Low C1 cash costs (<US$800/oz) • High NPV (~C$130 mln) and IRR (>40%) • 1,000 tpd mill KEY INFRASTRUCTURE • Access portal and decline - 7,000 m of underground IN PLACE development • RESOURCE Measured & Indicated - 208,600 oz grading 5.93g/t (PL) • EXPANSION / Inferred – 412,000 oz grading 6.01g/t (PL) • EXPLORATION PL and Nokomis Deposits still open to expansion • POTENTIAL Excellent “Discovery Potential” on Mine Property and Regionally • Significant insider ownership - aligned with shareholders INVESTOR ALIGNMENT • Focused on profit and shareholder returns 1) See July 2014 PEA. To be updated upon completion of the Feasibility Study August 2017 2) Assumes US$1200 /oz Au and C$:US$ 0.76 www.minnovacorp.ca 5

TSXV: MCI | AGRDF: OTC Pink Management and Directors Aligned and Focused on Shareholder Returns MANAGEMENT AND BOARD DEVELOPMENT (OWNERS) TEAM Gorden Glenn - Chairman, President & CEO GEOLOGY - Chris Burchanan, MSc., P. Geo Over 25 years industry experience in finance Senior structural geologist with 20 years of experience as Investment Banking/Mining Analyst and including 9 specialized in structural controls and alteration years as a geologist. assemblages of gold systems. James D. A. White - Director MINING ENGINEERING/PROJECT MANAGEMENT - Mr. White is the Managing Partner of Baynes Malcolm K. Buck, P.Eng., M. Eng. & White, a Toronto-based pension and benefits actuarial Senior mining engineer with over 30 years experience consulting firm. in project evaluation, implementation and operations. Brian Robertson - P.Eng., Director Brian C. LeBlanc, P.Eng. Over 30 years experience in corporate management, Senior mining engineer with over 35 years experience exploration programs, project management, mine in operations, including; mine design, planning, cost permitting, construction, development and operation as control, major engineering projects, training and well as the evaluations or corporate acquisitions. change implementation, geotechnical engineering and safety. Chris Irwin - LL.M., Interim CFO, Director Curtis Clarke, P.Eng. Mr. Irwin is President of Irwin Professional Corporation, a Senior mining engineer with over 30 years experience corporation providing legal services mainly to the natural in project management, underground and open pit resource sector. mining operations, equipment evaluation/procurement specialist. “WISE MINERS” - A Century of Exploration, Development, Operations, Finance and Investment Experience www.minnovacorp.ca 6

TSXV: MCI | AGRDF: OTC Pink Capital Structure ( Share data and cash position as of March 31, 2017) MCI:TSXV Symbol TSXV: MCI | AGRDF: OTC Pink Shares Outstanding 28,347,192 Warrants & Options 6,364,409 Options average price 2,805,000 $0.64 Warrants average price 3,559,409 $0.81 Well Structured, DSU/RSU average price 1,800,000 Significant Insider $0.85 Ownership Fully Diluted 36,511,601 Market Capitalization ~$21.5 million (recent price C$0.75/sh) Cash and Equivalents ~$1,000,000 ITM Warrants ~$100,000 ITM Options ~$850,000 Debt ~$1,000,000 Management and 9% basic Director Ownership 14% fully diluted www.minnovacorp.ca 7

TSXV: MCI | AGRDF: OTC Pink PL Mine Located in Flin Flon – Snow Lake Gold and Base Metal District PL Mine www.minnovacorp.ca 8

TSXV: MCI | AGRDF: OTC Pink PL Deposit Mine Plan 2m minimum mining width, 4g/t cut-off = 460,000 oz Au • 7000 m of existing underground development • In-fill drilling programs in support of new reserve and resource estimates • Update mine plan focused on minimizing dilution (from 2m minimum mining width to 1.5m) • Planned underground bulk sample and test mining Significant Underground Development = On Ore Immediately, Reduced Capex www.minnovacorp.ca 9