DEVELOPING A PIPELINE OF HIGH QUALITY ASSETS IN LOW RISK JURISDICTIONS March 2018 TSXV : RUP
CAUTIONARY STATEMENT Cautionary Note Regarding Forward-Looking Information This information is qualified in its entirety by cautionary statements and risk This document contains certain forward- looking statements or “forward factor disclosure contained in filings made by the Company, including the looking information” within the meaning of applicable securities laws, relating Company’s financial statements and related MD&A for the year ended but not limited to Rupert Resource Ltd. (“The Company”)’s expectations, February 28, 2017 filed with the securities regulatory authorities in certain intentions, plans and beliefs. Forward-looking information can often be provinces of Canada and available at www.sedar.com. identified by forward- looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intent”, “estimate”, “may” and “will” or similar words Cautionary Note to U.S. Investors Concerning Resource Estimate suggesting future outcomes or other expectations, beliefs, plans, objectives, The resource estimates in this document were prepared in accordance with assumptions, intentions or statements about future events or performance. National Instrument 43-101, adopted by the Canadian Securities Administrators. Forward-looking information may include reserve and resource estimates, The requirements of National Instrument 43-101 differ significantly from the estimates of future production, unit costs, costs of capital projects and timing requirements of the United States Securities and Exchange Commission (the of commencement of operations, and is based on current expectations that “SEC”). We use the terms “measured”, “indicated” and “inferred” resources. involve a number of business risks and uncertainties. Factors that could cause Although these terms are recognized and required in Canada, the SEC does actual results to differ materially from any forward-looking statement include, not recognize them. The SEC permits U.S. mining companies, in their filings but are not limited to, failure to establish estimated resources and reserves, with the SEC, to disclose only those mineral deposits that constitute the grade and recovery of mined ore varying from estimates, capital and “reserves”. Under United States standards, mineralization may not be operating costs varying significantly from estimates, delays in obtaining or classified as a reserve unless the determination has been made that the failures to obtain required governmental, environmental or other project mineralization could be economically and legally extracted at the time the approvals, inflation, changes in exchange rates, fluctuations in commodity determination is made. United States investors should not assume that all or prices, delays in the development of projects and other factors. Forward- any portion of a measured or indicated resource will ever be converted into looking statements are subject to risks, uncertainties and other factors that “reserves”. Further, “inferred resources” have a great amount of uncertainty could cause actual results to differ materially from expected results. as to their existence and whether they can be mined economically or legally, and United States investors should not assume that “inferred resources” exist Potential shareholders and prospective investors should be aware that these or can be legally or economically mined, or that they will ever be upgraded to statements are subject to known and unknown risks, uncertainties and other a higher category. factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward- looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. 2
COMPANY SUMMARY CORNERSTONE ASSET IN THE CENTRAL LAPLAND GREENSTONE BELT Pahtavaara Proje ject – Production potential Capital Structure • Mine, 1500tpd mill and tailings dam (1) (as at 30 November 2017 unless stated otherwis ise) • Historical production 350kozs despite poor understanding of geological controls Shares on Issue 101,114,992 • New geological model and resource definition underway Options & Warrants 6,542,777 CLGB regional exploration upside Fully Diluted Shares 117,843,149 225km 2 land position in high profile CLGB • Market Capitalisation CAD106mln • (at CAD1.05/shr)* 2017 fieldwork generated near-mine and regional targets • Cash CAD5mln Extensive data from GTK and previous owners Convertible (5% Coupon CAD8mln Central Finland exploration Ex C$0.95) • Two advanced stage assets in Central Finland (2) Ticker TSXV : RUP • 1,600m drill program planned in H1 2018 ISIN CA78165J1057 Strategic La Land holding in in Red La Lake • 256Ha licence contiguous to Goldcorp over eastern extension of Cochenour-Dickinson deformation zone * As at 26 February 2018 (1) Refer to page 1, forward looking “Cautionary Statement” . (2) Subject to completion of NARL transaction 3
UNLOCKING THE POTENTIAL OF OUR ASSETS COMMITTED TO DELIVERING EXCEPTIONAL SHAREHOLDER RETURNS 2016 – Acquisition • Bottom of cycle, low cost acquisition • Early mover advantage in Finland (ranked #1 by Fraser Institute in 2017 (1) ) • Near term production potential 2017 and 2018 – Exploration and proje ject development • Building the in-mine resource base (2) • Identifying near mine satellite targets • Establishing management team and corporate structure • Expand asset portfolio Guiding pri rinciples – Continuous focus on value creation and returns • Realise hidden value • Ensure investment is accretive to valuation • Maximise returns per share over all other metrics (1) Survey ranking 91 jurisdictions around the world based on geologic attractiveness for minerals and metals and the extent to which government policies encourage or deter exploration and investment (via the its policy perception index or PPI). (2) See Company’s press release dated September 8, 2016 for historical resources and reserves details disclosed in a NI 43-101 report prepared for the previous property owners and effective January 1, 2013. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimate as current mineral resources or mineral reserves. 4
12 MONTH PROGRESS REPORT ESTABLISHING PAHTAVAARA AND DEMONSTRATING REGIONAL POTENTIAL Resource development • 300,000m of historic diamond drilling validated and in acQuire database • New geological model has identified number of significant new zones in old workings • Updated NI 43-101 resource expected by end of June 2018 Regional exploration • 2017 fieldwork identified a number of new regional targets • Geophysics, geochemistry and mapping have all confirmed prospectivity • Drill testing has confirmed compelling base metals potential Mine development • Mine infrastructure remediation • New U/G pumping system operating to enable drilling at depth • Audit of processing facility and tailings facility has been completed Corp rporate • Management team now in place • Enhanced financial reporting and control implemented across the company • Acquisition of Northern Aspect assets in Central Finland nearing completion 5
ACQUISITION OF NORTHERN ASPECT RESOURCES LTD 100% OWNERSHIP IN LOW RISK, MINING FRIENDLY JURISDICTIONS Newco Parent / Rupert Resources Ltd Gold Centre Project, Northern Aspect Rupert Finland Oy Surf Inlet Project, BC Red Lake Resources Ltd Pahtavaara Project Northern Aspect Oy BRGold Oy Hirvilanma Project Hirsikangas Project Osikonmaki Project Royaltie ies on on Osi sikonmaki (1% (1%) an and Go Gold ld Centre (1.5 (1.5%) • Low cost acquisition of around EUR6/resource oz with expansion potential and drill ready targets • Experienced team of geologists delivering capital efficient exploration program 6
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