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Macmillan Pass Zinc Project: Adding to an Already Substantial Asset November 2017 TSX-V:FWZ Cautionary Statements The following statements are required by Canadian securities legislation: Forward-Looking Statements: This presentation may


  1. Macmillan Pass Zinc Project: Adding to an Already Substantial Asset November 2017 TSX-V:FWZ

  2. Cautionary Statements The following statements are required by Canadian securities legislation: Forward-Looking Statements: This presentation may contain certain “forward-looking” statements and information relating to Fireweed Zinc that are based on the beliefs of Fireweed Zinc management, as well as assumptions made by and information currently available to Fireweed Zinc management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and supervision, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Fireweed does not assume the obligation to update any forward-looking statement or forward-looking information except as required by law. *The reader is cautioned that a qualified person has not done sufficient work to classify the historical estimates in this presentation as current resources. The Company has not verified these historical resources and is not treating these historical estimates as current mineral resources. While these estimates were prepared, in accordance with National Instrument 43-101 and the “Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Mineral Reserves Definition Guidelines” in effect at the time (2007), there is no assurance that they are in accordance with current standards and these resource estimates should not be regarded as consistent with current standards or unduly relied upon as such. Fireweed includes these historical estimates in this document for information purposes as they represent material historical data which have previously been publicly disclosed. To Fireweed’s knowledge, the 2007 Technical Report is the most recent resource estimate available regarding the Tom-Jason Project. NI43-101 Qualified Person: Brandon Macdonald P.Geo ,CEO and Director of Fireweed Zinc, and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical information in this presentation. TSX-V:FWZ 2

  3. Overview Zinc Shortage – Not Just a Short-Term Problem The zinc shortage is here and it’s more than a short term problem so Fireweed management acquired a world- class zinc asset to build a company around. SEDEX: A Family of Giants SEDEX deposits are critical as the biggest contributors to world Zinc and Lead supply. These deposits tend to be big – really big. If you want to find an elephant, they are the deposit style to target. Macmillan Pass: Already Big and Getting Bigger With the acquisition of the Macmillan Pass Project Fireweed has secured one of the world’s largest undeveloped zinc projects that contains two substantial SEDEX deposits: Tom & Jason. Untapped Exploration Potential The Macmillan Pass Project already has not only world-class established mineralisation, but also big exploration upside and the potential to become a generational asset. TSX-V:FWZ 3

  4. Intro to Fireweed and Macmillan Pass TSX-V:FWZ 4

  5. About Fireweed Zinc Building a New Zinc Company • Public Canadian Corporation headquartered in Share Structure Vancouver Issued & Outstanding 17,756,370 • Focused on the Macmillan Pass Project Agent’s Warrants 403,000 • Signed Definitive Option Agreement with Hudbay on Options 1,380,000 Tom & Jason Claims in December 2016 to acquire 100% Performance Shares 4,000,000 Due to Hudbay* 3,530,906 • T&J represent a substantial zinc-lead-silver resource with excellent exploration potential and moderate Fully-Diluted 27,070,276 exploration costs *may change if more capital is raised before option exercise • Located in politically stable Canada, and the mining- friendly Yukon territory • Recently listed on the TSX-V • In conjunction with $4.0M IPO • Trading under the symbol TSX-V:FWZ • 7.86M shares under 3 year decreasing escrow, including all held by management TSX-V:FWZ 5

  6. The Macmillan Pass Project Building on a Substantial Zinc-Lead Resource • Located in Yukon, Canada, mining friendly jurisdiction with road access Macmillan Pass via Canol Road and regional airstrip Project Location • Contains two known SEDEX Deposits • 1951 - Tom discovered by Hudbay • 1974 - Jason found by Ogilvie JV • 2007 - Hudbay acquires Jason, uniting the two properties • ~70,000m of drilling on the two properties since initial discovery • Combined Historical Resource* of • 6.43 Mt Indicated @ 11.8% ZnEq 6.33% Zn, 5.05% Pb, 56.55 g/t Ag • • 24.55 Mt Inferred @ 10.4% ZnEq 6.71% Zn, 3.48% Pb, 33.86 g/t Ag • TSX-V:FWZ 6

  7. Management Team Industry Veterans with Diverse Experience John Robins Brandon Macdonald George Gorzynski Executive Chairman & Director CEO & Director Director Director, VPX IMPACT Silver • Founder, Executive Chairman & Current director of NorthIsle Copper & Richard Hajdukiewicz • • Director of Kaminak Gold Corporation Gold Inc, Commander Resources Ltd Director $520M T/O by Goldcorp Ex Macquarie Bank Ex Goldman & Deutsche • • • Current director of Northern Empire BSc Geology UBC, MBA Oxford Dan Rogness • • Resources Corp., Kivalliq Energy University Director Corporation, K2 Gold Corporation, Long history of work in Yukon • Ex Teck Bluestone Resources Inc. including zinc projects • Adrian Rothwell In 2017 Mr. Robin’s companies Originally hails from Ross River, Yukon, • • raised >$100M closest community to Tom & Jason Director Winner of AMEBC’s H.H. “Spud” CEO Kore Mining • • Huestis Award 2008 TSX-V:FWZ 7

  8. Buoyant Zinc Market TSX-V:FWZ 8

  9. Projected New Zinc Supply is Insufficient Even Uncommitted Projects Insufficient Increasing Demand & Slowing Mine Production Source: Teck TSX-V:FWZ 9

  10. Zinc vs Copper: Lagging in Discovery? Zinc and Copper Global Reserves and Mine Production (1000s tonnes) 45 25,000 How Many Years 40 of Production Reserves? 20,000 35 2000 2016 30 15,000 Copper 25 35+ 25 Zinc 24 16 20 10,000 15 10 5,000 5 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Global reserves Zn (years) Global reserves Cu (years) Mine production Zn Mine production Cu ILZSG, USGS Linear (Global reserves Zn (years)) Linear (Global reserves Cu (years)) TSX-V:FWZ 10

  11. China: Huge Zinc Production, but for How Long? Will Maturation of China’s Mining Industry Reduce Supply? • Nascent resource economies start small and get big Initial proliferation of artisanal to medium scale mines • Mine Output in China Highest-grade and lowest-hanging fruit is usually small • Excessive reliance on cheap labour and manual methods • These small deposits will be mined out and not replaced • Large Scale 0 • Regulatory regimes change, and encourage larger projects Medium Scale 20 Regulatory burden is not directly proportional to size of project • Many small mines in China recently shut down with • Small Scale 350+ introduction of new regulations Push towards mechanization mandates larger mines • Private Small Mine 500+ • 5 Million Tonne Question(s): can China replace small with large? Total Number of Mines 870+ How many medium/small mines can become large? • What discoveries are waiting in China? • 2015 - ILZSG TSX-V:FWZ 11

  12. A Family of Giants: SEDEX Deposits TSX-V:FWZ 12

  13. What is a SEDEX Deposit? Most Important Deposit Type for Zinc Production • SEDEX Deposits Represent: • > 50% of World Zinc Production • > 40% of Zinc Reserves • Very Important for Lead supply • SEDEX means “Sedimentary Exhalative” • Many sub-categories, but broadly: A: Vent-Proximal (Tom & Jason, Sullivan, Rammelsberg) • B: Vent-Distal (Howard’s Pass, McArthur River) • • Includes Irish-type and Broken-Hill Deposits • Some debates on classification and nomenclature • New nomenclature proposal of CD Deposits: Clastic Dominated Sediment-Hosted Pb-Zn Deposits Goodfellow & Lydon TSX-V:FWZ 13

  14. Notable Major SEDEX Deposits TSX-V:FWZ 14

  15. Western Canada Examples Host to Some of the Largest SEDEX Deposits in the World • Western Canadian Examples Include: • Sullivan Deposit • Anvil district (Faro) • Howard's Pass district (Selwyn) • Gataga district (Cirque) • Macmillan's Pass district (Tom and Jason) • These are big deposits • Sullivan 149 Mt Production • Anvil 120 Mt • Howard’s Pass 180 Mt Ind, 230 Mt Inf Taken from S. Paradis et al, 2016 TSX-V:FWZ 15

  16. Macmillan Pass: Already Big and Getting Bigger TSX-V:FWZ 16

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