Evolving Exploration - evrimresources.com

1 Evolving Exploration VALUE THROUGH DISCOVERY Metals Investor Forum March 3, 2018 Focus on key mineral belts in western North America Strategic partnerships with majors deploys their capital and technology during early higher-risk/cost Exploration stage Lower capital intensity, less dilution Risk distributed over a portfolio of assets vs single asset risk Allows Evrim to focus on its core competence areas Maximizes return on investment for shareholders through multiple future royalty streams and other ROIs Sierra Madre Occidental, Mexico (gold and silver) Golden Triangle British Columbia (copper and gold) South Central BC British Columbia (copper and gold) Laramide Porphyry Belt Northwest Mexico and Arizona (copper and gold) Prospect Generator Benefits 1 new discovery, 6 active joint ventures 1 regional alliance + generative Exploration More than $7 million and 30,000 metres of drilling planned by our partners in 2018 Exploration Partnerships ERMITA O Commodity: Au & Ag low sulphidation epithermal veining Location: Sonora, Mexico Size: 165 km2 Status: Optioned to First Majestic Stage: Advancing Discovery Ermita o consists of 165 square kilometres of contiguous mineral tenure located approximately 145 kilometres from Hermosillo and immediately adjacent to First Majestic's Santa Elena gold-silver mine in Sonora, Mexico.

2 Access to the property is by paved highway and secondary roads. Ermita o is held 100% by Evrim subject to an underlying third party net smelter royalty of 2%. Drilling at the Ermita o West prospect, located about kilometres southeast of the operating Santa Elena mine by Evrim's Exploration partner First Majestic Silver continues to advance the exceptional value of the gold-rich mineralization. A ten-hole, 3,156 metre diamond drill program was completed in 2017 and a drill program comprising at least 20,000 metres is planned for 2018. Exploration : Among the highlights reported of the first four holes at Ermita o West was drill hole EW16-04, grading g/t gold and 86 g/t silver over metres, including metres grading g/t gold and 242 g/t silver.

3 Subsequently, the six additional drill holes corroborated the presence of a zone 590 metres in strike and up to 210 metres in depth with an average thickness of roughly 11 metres. Mineralization remains open at depth and to the west while the main ore shoot has demonstrated potential for significant additional mineralization and tonnage. Royalties - Mexican Base and Precious Metals Ermita o Royalty Five-year agreement with First Majestic Silver Corp. whereby First Majestic can earn a 100% interest in Ermita o by paying US$75,000 upon signing the Agreement (paid) and US$50,000 each anniversary thereafter, completing a minimum of US$500,000 in Exploration expenditures in the first y e a r, and delivering a Production Notice specifying mine and construction plans with accompanying permits.

4 Cumobabi Royalty Five-year agreement with First Majestic Silver Corp. whereby First Majestic can earn a 100% interest in Cumobabi by paying US$75,000 upon signing the Agreement and US$50,000 each anniversary thereafter, completing a minimum of US$500,000 in Exploration expenditures by the second anniversary, and delivering a Production Notice specifying mine and construction plans with accompanying permits. Exploration Partnerships CUMOBABI Commodity: Cu-Mo-Au-Ag Location: Sonora, Mexico Size: 240 km2 Status: Optioned to First Majestic Stage: Drill Stage Cumobabi consists of 240 square kilometres of contiguous mineral tenure located 130 kilometres north east of Hermosillo, the capital of Sonora State, Mexico, and only 60 kilometres southwest of the smelter at Nacozari.

5 The property is held 100% by Evrim subject to a 2% NSR. Cumobabi is within the Sonora porphyry Cu-Mo belt, host to the world class Cananea and La Caridad porphyry deposits. First Majestic Silver, Evrim s Exploration partner, is in the process of a 7,000 metre drilling program. The property comprises three known target areas which have seen little systematic Exploration despite evidence of porphyry mineralization and alteration. Cumobabi is held 100% by Evrim and is subject to a 2% NSR. Exploration : El Chileno Target - Extensive kilometre-scale phyllic alteration halo with local potassic alteration of a quartz feldspar porphyry. Jurahui Target - Covers 10 square kilometre area of coincident copper & molybdenum in stream sediment geochemistry, magnetic low signature and clay/iron oxide alteration.

6 Potreritos - Cu and Ag mineralization is associated with quartz tournmaline breccia developed within phyllic and potassically altered granodiorite. BALL CREEK Commodity: Cu-Au-Ag Mo porphyry, Au-Ag epithermal Location: British Columbia, Canada Size: 524 km2 Status: Optioned to Antofagasta PLC Stage: Geophysical Survey, Geological Mapping and Prospecting for Drilling Ball Creek is situated in a favourable structural and stratigraphic setting within NW s productive Golden Triangle. It is prospective for copper-gold porphyry and epithermal gold-silver deposits and hosts multiple mineral centres. Moderate topography located only 8 kilometres west of Hwy 37 and the 287 kV Northwest Transmission Line.

7 The 524 square kilometre land package hosting several copper and gold systems remains significantly underexplored with high quality data from historic Exploration programs. Antofagasta has planned approximately 1,500 metres of drilling in 2018. Exploration : Recent work by the BCGS has identified the Eskay Rift and the Jurassic unconformity as possible regional-scale controls on significant gold and copper mineralized systems. Several porphyry copper-gold and epithermal gold systems are in close proximity including the Ball Creek prospects, Mess Zone, Rainbow North and North & South More porphyry prospects and the Rojo Grande epithermal prospect. Exploration Partnerships AXE Commodity: Cu Au porphyry Location: British Columbia, Canada Size: 50 km2 Status: Optioned to Antofagasta PLC Stage: Geophysical Survey, Geological Mapping and Prospecting for Drilling Axe is a 50 square kilometre drill ready copper-gold target located in the Quesnel terrane of south-central British Columbia, a well known metallogenic belt that is host to such mines as Highland Valley, New Afton and Copper Mountain.

8 The property has an extensive porphyry system comprising four known porphyry centres and newly defined drill targets at the West, Mid, South and 1516 zones. In December 2017, Evrim signed an agreement with a wholly-owned subsidiary of Antofagasta plc for the project whereby Antofagasta can acquire a 70% interest in the Axe property by incurring US$50 million in Exploration expenditures, making cash payments of US$800,000, and completing a NI 43-101 compliant Preliminary Economic Analysis over a ten year period. Exploration : For 2018 a drill targeting program of 2,400 metres of core and 1,000 metres of reverse circulation is expected. In July 2017, Evrim completed an extensive data review including detailed logging of over 5,000 metres of historic drill core, reprocessing of geophysical data, and digitizing old records.

9 Drilling by previous operators returned intersections including metres of Cu and g/t Au in drill hole A07-08, including metres of Cu and g/t Au at the West Zone. SARAPE Commodity: Au-Ag epithermal vein Location: Sonora, Mexico Size: 57 km2 Status: Optioned to Coeur Mining Inc. Stage: Geological Mapping and Prospecting for Drilling Sarape is a 57 square kilometre early stage Exploration property prospective for epithermal gold-silver deposits situated in Mexico's Rio Sonora valley. The acquisition of Sarape is a key addition to Evrim's portfolio in Mexico that was identified and staked as part of the Company's generative program. Sarape is a large land package with a geological and structural setting comparable to that of the significant deposits and mines in the district.

10 The claims are owned 100% by Evrim with no underlying royalties. Sarape is located near excellent infrastructure with roads and power crossing the property. Exploration : Phase 1 Exploration has defined two major veins: the Sarape vein, a northwest trending vein measuring kilometres in length and up to metres in width, and the Chiltepin vein, a west trending vein measuring kilometres in length and up to metres in width. Both veins are located either side of a Laramide age horst block. Systematic channel sampling reveals the western portion of both veins contain barren white quartz and calcite veins. Exploration Partnerships Exploration Partnerships CERRO CASCARON Commodity: High grade Au-Ag epithermal vein Location: Chihuahua, Mexico Size: 69 km2 Status: Optioned to Harvest Gold Corporation Stage: Geological Mapping, Geophysical Survey, and Prospecting for Drilling Cerro Cascaron is a 69 square kilometre, low to intermediate sulphidation, epithermal gold bearing system in the Sierra Madre Occidental of Chihuahua, Mexico, ~55 kilometres southeast of Goldcorp's El Sauzal gold mine.