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World Class, Highest Quality Shovel Ready, Frac


  1. ���� �� �������������������������������������� ������������� World � Class, Highest � Quality � Shovel � Ready, � Frac � Sand � Product � Nickel � Sulphide � Available � in � the � Project Canadian � Market ���� �� ����������

  2. Victory � Nickel Company � Profile ���� �� ���� �� ������ � ������������� ��������� �������� �������� ������������������ ���� ������� ����������� ����������� ������ �������������������� � ������������� ������ �������������� ���� ������� ����� ����������������������������������������������������� ������������� ������ ���������������������������������������������������������������������������������������������� ������������������ � ����������������� �� � ������������������� �� � ����������������������� �� �

  3. One � Company Two � Compelling � Investment � Opportunities ���� �� ���� �� � � Supplying � Canada � with � Highest � Well � Positioned � for � Resurgence � in � Quality � Frac Sand Nickel � Market � � Multi � Phased � Business � Plan Four � Nickel � Projects � in � Canada: � Phase � 1 � complete � Over � 1 � billion � lbs nickel � in � M&I � resource � Sales � on � going � Phase � 2 � approved � by � board � Flagship � Minago � Project � in � Manitoba: � � Ownership � of � Wisconsin � and � Manitoba frac � sand � resources � Feasibility � study � complete, � permitted � for � � Permitting � of � Wisconsin � property � development underway � Phase � 3 � Winnipeg � site � selection � ongoing � Frac � sand � co � product � at � Minago � Development � of � domestic � and � additional � Wisconsin � sand � programs � are � in � progress �

  4. Company � History From � Nickel � to � Frac � Sand ���� �� ���� �� 2007 : Victory � Nickel � created Frac � Sand 2009 : � Feasibility � study � for � Minago: � significant � frac sand � by � product � value � identified 2011 : � Minago permitted � for � production 2011 � 12 : � Meaningful � decline � in � nickel � prices 2012 : � Victory � Silica � created � to � help � unlock � value � of � frac sand � at � Minago 2013 : � Frac � sand � business � created, � independent � of Q1 � 2014 : � Proof � of � concept: � first � frac sand � sales Q3 � 2014 : � 7 � Persons � Plant � commissioning � complete Nickel Q4 � 2014 : � Option � signed � to � acquire � WI � frac � sand � resource 2016 : � 7 � Persons � Plant on � care � & � maintenance � due � to � downturn Q1 � 2017 : � Frac � sand � sales � resume �

  5. Experienced � Management Victory � Silica � Limited ���� �� ���� �� René � R. � Galipeau � / Chairman 35+ � years � mining � experience � with � Hudson � Bay, � Breakwater � Resources, � Lac � Minerals, � Rio � Algom. � Current � Vice � Chair � & � CEO � of � Victory � Nickel. Ken � Murdock � / CEO � & � Director Engineer � with � over � 25 � years � experience � in � the � aggregate/construction � & � oilfield � materials/frac sand �� industries. � In � addition � to � operating � as � an � independent � consultant � in � Canada � and � Wisconsin, � frac sand � industry � experience � includes � Canfrac Sands � (operations), � United � Industrial � Services � (design, � permitting, � construction, � operation � and � marketing � of � a � silica � sand � project � in � Peace � River) � and � Lafarge � Cement. � Troy � Bergen � / Plant � Manager, � Seven � Persons � Frac � Sand � Facility Operated � the � Seven � Persons � frac � sand � facility � between � 2008 � and � 2010 � with � previous � owner � 3R � Sand � Ltd. Prior to � that, � he � was � Operations � Manager � with � Clean � Earth � Environmental � Ltd. Paul � L. � Jones � Geological � Consultant Geologist � and � QP � with � 25+ � years � experience � with � more � than � 20 � juniors Sean � Stokes � / Corporate � Secretary (See � Victory � Nickel � Appendix) �

  6. Shale � Gas � / � Tight � Oil � Revolution � Frac � Sand � Boom ���� �� ���� �� � Unconventional � ‘shale � gas’ � and � ‘tight � oil’ � previously � uneconomic � to � recover � at � a � large � scale � Efficiency � gains � in � horizontal � drilling � and � the � introduction � of � ‘fracking’ � helped � unlock � vast � natural � gas � and � oil � resources � The � rapid � implementation � of � technology � changed � the � North � American � energy � landscape, � with � a � “ sand boom ” � being � a � resulting � factor Frac � sand � is � an � effective � way � to � participate � in � North � America’s � rampant � ‘unconventional’ � oil � and � gas � production � growth �

  7. What � is � ‘Fracking’? � Frac � Sand? Not � all � sand � makes � frac sand! � ���� �� ���� �� � Hydraulic fracturing or � ‘fracking’ � is � a � technique � used � in � the � development � of � oil � & � gas � formations � to increase flow and extend w ell life . � Proppant (such � as � frac sand) � holds � or � ‘props’ � the � formation � open, � increases � porosity, � and � increases � oil/gas � flow � to � the � wellhead � Frac sand must � meet � unique � API � specifications � such � as � mineralogy , � roundness and � strength for � use � in � the � oil � & � gas � industry � as � a � proppant 30/50 20/40 Victory � Silica’s � Frac � Sand �

  8. Proppant � / � Frac � Sand � Market Hydraulically � Fractured � Wells � on � the � Rise ���� �� ���� �� US � Oil � Production � (2000 � 2015) � �����������������������������������

  9. Proppant � / � Frac � Sand � Market Rig � Count � on � the � Rise ���� �� ���� �� North � American � Rig � Counts � (Jan � Nov � 2016) ����������������������������������� �

  10. Proppant/Frac � Sand � Market ���� �� ���� �� Frac � Sand � Intensity � on � the � Rise Industry � Average � Proppant � per � Frac � Job ����������������������������������� � Average � sand � use � per � well � has � increased � by � 128% � Q12016 � over � Q2 � 2012 � Re � fracking � of � wells � Uncompleted � wells � inventory ��

  11. Proppant � / � Frac � Sand � Market Proppant � Demand � on � the � Rise ���� �� ���� �� Quarterly � North � American � Proppant � Demand ����������������������������������� ����������������������������������� ��

  12. Frac � Sand � Price � Index Frac � Sand � Pricing � on � the � Rise ���� �� ���� �� ��

  13. North � American � Shale � Basins Initial � Supply � Opportunities ���� �� ���� �� Manitoba, � Saskatchewan, � Alberta, � B.C., � North � Dakota ������ ������������� �������� ��������������� ��������� ���� ��

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