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FOCUSED ON DISCOVERY PDAC MARCH 2020 Gorbea Project, Chile

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  • FOCUSED ON DISCOVERY

    PDACMARCH 2020

    Gorbea Project, Chile

  • Cautionary Statement

    This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other thanstatements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and events or developmentsthat the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and aregenerally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similarexpressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling resultsand information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of whatmight be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differmaterially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-lookingstatements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic,market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results ordevelopments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs,estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as may be required byapplicable law.

    This presentation may use the terms pit constrained mineral resources estimate and indicated resource. The Company advises that these terms arerecognized by Canadian securities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”). Investors are cautionednot to assume that any part of or all, of the mineral occurrences in these categories will ever be converted into reserves.

    All material project information in this presentation has been previously disclosed to the public by Mirasol.

    Norm Pitcher, a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in thispresentation.

    MIRASOL RESOURCES

  • 3

    PROJECT GENERATION AND EXPLORATION COMPANY

    CHILE / ARGENTINAGold / Silver / Copper

    500 km

    ATACAMA PUNA GENERATIVE REGION

    SANTA CRUZ GENERATIVE REGION

    Partnered Project

    Deal Ready /Pipeline Project

    Exploration Project

    A Portfolio of Business Development and Pipeline Properties

    Three Active Exploration Projects

    Five Partner Funded Projects

    x 2

    Option to PurchaseEarn-in to Joint Venture

  • 4

    Self-funding exploration and drilling

    High grade projects

    Infrastructure advantaged

    Lower exploration risk

    STRATEGY

    FOCUSED ON TESTING HIGH-QUALITY EXPLORATION TARGETS

    Partner funded exploration

    Large scale projects

    Higher exploration risk

    More expensive to properly test&

  • 5

    PROJECTS IN CHILE

    Four Option Agreements in Chile

    • Gorbea – Newcrest Mining

    • Altazor – Newcrest Mining

    • Coronación – First Quantum Minerals

    • Nord (MOU) – Mineria Activa

    Mirasol Funded Exploration Projects

    • Los Amarillos

    • Inca GoldArgentinaChile

    Taltal

    Chañaral

    100 km

    Antofagasta

    Inca GoldProject

    MRZ-Newcrest Altazor Project

    MRZ-Newcrest Gorbea Project

    Los AmarillosProject

    MRZ-FQM Coronación

    Project

    MRZ-MineriaActiva (MOU)Nord Project

    Inca de Oro

    Escondida

    El PeñonTaca-Taca

    Exploradora

    El Salvador

    La Coipa

    SalaresNorte

    Significant Deposit

    Main Road/Hwy

    Partner funded Project

    MRZ Project

    Portfolio in Northern Chile – Atacama Puna Region

    → World Class Copper / Gold region

    Atacama

    Puna

    Generative

    Zeus

    Rubi

    Odin

  • 6

    PROJECTS IN ARGENTINAPortfolio in Santa Cruz Province

    → A Mining Province with 7 Operating Mines

    Mirasol Funded Exploration Projects

    • Sascha Marcelina

    A Portfolio of Business Development and Pipeline

    Properties

    • La Curva

    • Claudia

    Option Agreement in Argentina

    • Virginia (LOI) – Golden Opportunity Resources

    Gobernador

    Gregores

    Santa Cruz

    Province

    Argentina

    ChileLas HerasPerito

    Moreno

    Bajo

    Caracoles

    San Julian

    Fitzroy

    50 km

    San JoseHochschild/McEwen Mining

    Cerro NegroNewmont

    Cerro VanguardiaAngloGold/Formicruz

    MarthaPatagonia Gold

    Don NicolasCiminas

    Cerro MoroYamana Gold

    TranquiloPatagonia Gold

    Manantial EspejoPan American Silver

    Homenaje

    MRZ- Golden Opp. (LOI)

    Virginia Project

    Sascha-Marcelina Project

    La Curva

    ClaudiaNico

    Road

    Jurassic Volcanics

    LEGEND

    Town

    MRZ Projects

    Processing Plant

    Partner funded Project

    Libanesa

    Puerto

    Deseado

  • 7

    Mirasol Funded Exploration

    Inca Gold Project, Chile

  • 8

    • Package consolidated in June 2019

    • Rare opportunity in Chile – high grade Au/Ag at

    surface, near infrastructure and with no evidence of

    previous drilling

    • Trenching and IP geophysics program ongoing

    to better understand continuity of the high-

    grade rock chip samples received to date and

    to define drill targets

    • Rock chip samples up to 330 g/t Au and 20% of

    samples > 1 g/t Au

    Los AmarillosLow Sulfidation EpithermalGold and Silver Project

    ArgentinaChile

    Taltal

    Chañaral

    100 km

    Los AmarillosProject

    Inca de Oro

    Escondida

    El PeñonTaca-Taca

    Exploradora

    El Salvador

    La Coipa

    SalaresNorte

    Significant Deposit

    Main Road/Hwy

    Partner funded Project

    MRZ Project

    PaleoceneMagmatic Centres

    Antofagasta

    Atacama

    Puna

    Generative

  • 9

    MRZ JV Funded Exploration

    MRZ Funded Exploration

    Major Au-Ag-Cu Deposit

    Major Cu-Mo-Au Deposit

    Eocene-Oligocene Igneous Belt

    Mio-Pliocene Igneous Belt

    Paleocene Igneous Belt

    Project Name

    JV Partner

    JV Project Labels

    MRZ Business Development Focus

    MRZ Pipeline Project

    Antofagasta

    Santiago

    El Salvador Mine district

    12 MOz Gold &17 Mt Copper

    El SalvadorAirfield

    Main Access RoadWater Pipeline & Power

    5,000 m

    MirasolAmarillosProject

    Powerline Substation

    Railway

    • Near Existing Mine and Smelter: 10 km

    northwest of El Salvador mine and the

    Potrerillos smelter

    • Power and water lines traverse the

    northern edge of the claim block

    • Low elevation: 1700m to 2100m ASL

    • Year-round access

    Infrastructure Advantaged

  • 10

    • Sampling of quartz veins

    have returned high grade

    gold assays with

    anomalous antimony,

    arsenic, and barium

    • Vein structures up to 3 m

    wide mapped over a 7 km

    strike length

    • Evidence of wider zones

    of sheeted veins and

    breccias zones that could

    be a target for bulk

    mineralization

    Rock Chip Results

    Rock Chip Gold g/t Rock Chip Silver g/t

    1,000m

    40.5

    38.3

    39.3

    39.2

    18.3

    29.6

    16.2

    50.7

    330

    255

    198

    366

    161

    199

    543

    572

    367

    159

    167

    773219

    1,000m

    22.5

    Mapped Vein BrecciaPaleocene Dykes/Intrusives

    Mapping

    Vein

    330

    900 x 140m outcropping vein/breccia stockwork

    zone

    Zone of high-grade Au/Ag Epithermal veins and veinlets

    24.2

    10 to 330

    5 to 10

    1 to 5

    0.5 to 1

  • 11

    Los AmarillosLSE Gold and Silver Project

    • Trenching program (ongoing)

    • IP geophysics (ongoing)

    • Drilling (results dependent) - Q2 2020

    NEXT STEPS

  • 12

    • January 2020 agreement with Newmont

    • Leveraging exploration expenditures to gain

    exposure to a large epithermal system

    Inca Gold Intermediate Sulfidation Epithermal Gold and Silver Project

    • Year-round access and near infrastructure

    • Prominent veins system on surface with clear drill targets

    • Project has never been drill-tested

    ArgentinaChile

    Taltal

    Chañaral

    100 km

    Inca Gold Project

    Inca de Oro

    Escondida

    El PeñonTaca-Taca

    Exploradora

    El Salvador

    La Coipa

    SalaresNorte

    Significant Deposit

    Main Road/Hwy

    Partner funded Project

    MRZ Project

    PaleoceneMagmatic Centres

    Antofagasta

    Atacama

    Puna

    Generative

  • • Mirasol earn-in for 100% over 5 years (subject to 1.5% NSR)

    • Drilling 1,000m over 2 years; and

    • Incurring US$3M in exploration expenditures over 5 years

    • Newmont back-in right for 70% in 2 stages, over 6 years:

    • Paying in cash US$3M to Mirasol; and

    • Delivering PFS or additional US$21M in expenditures

    13

    Deal Structure

    →Mirasol’s commitment: 1,000m drill program

    →Built-in Option deal with Newmont if successful

  • 14

    2 km

    Inca de Oro

    San Pedro

    de Cachiyuyo

    Guerda Target(Au)

    Rincon Target(Cu-Au)

    Sandra Target(Ag-Au)

    Vania Target(Au-Cu)

    Inca NorthTarget(Au)

    Background: Bing Image © 2019

    Microsoft Corporation © 2019

    DigitalGlobe © HERE (2019)

    %

    • Large scale land package

    • 5 prospects identified to date

    • Initial focus on to be on Sandra

    target that hosts thick

    outcropping epithermal veins

    Multiple Prospects

  • 15

    • 5 subparallel trend recognized

    over 2.5 x 4 km area

    • Vein trend over 1.2 km

    • Sheeted vein zones up to 20m

    → Additional surface work

    needed to define drill targets

    Sandra Target Area

    Inca Gold Claims Boundary

    Sandra Target(Ag-Au)

    Ag

    Inca Gold Claims Boundary

    1 km 1 km

    Au

    Background: Bing Image © 2019 Microsoft Corporation

    © 2019 DigitalGlobe © HERE (2019)

    Rock Chip Ag (ppm)

    Structures

    Veins

    <

    Structures

    Rock Chip Au (ppm)

    Veins

    <

    Background: Bing Image © 2019 Microsoft Corporation

    © 2019 DigitalGlobe © HERE (2019)

  • 16

    Inca Gold ISE Gold and Silver Project

    • Systematic mapping and sampling

    • IP geophysics

    • Permitting

    • Drilling

    NEXT STEPS

  • 17

    Partner Funded Exploration

    Gorbea Project, Chile

  • 18

    Option to JV Agreements

    Negotiated $ to 100%

    MRZ 20%

    6 years

    80%

    10,000m of Drilling and Delivery of a PFSUS$875k Option Payments

    3,000m +

    Geophysics

    Committed

    MRZ 25%

    MRZ 15% PEA$650k cash

    US$ 19M Exploration ExpendituresUS$600k option payments ($100k paid)

    51% 75%

    FS

    65%

    6 years 1 year 2 years

    NSR royalty option

    85%

    MRZ 25%

    MRZ 20% PEA$650k cash

    51% 75%

    FS$650k

    65%

    5 years 2 years 2 years

    +fund

    80%

    US$ 10M Exploration ExpendituresUS$600k Option Payments (paid)

    Gorbea - Newcrest

    Altazor - Newcrest

    Coronacion - FQM

    Royalty: 2% NSR or 1.5% NSR and US$3M

    4 years

    US$500k Expl. CommitmentUS$3M in Option Payments

    Signing: US$50k | Y1: US$200k | Y2: US$400k | Y3: US$600k | Y4: US$1.75M

    MOU / LOI

    Nord – Mineria Activa

    Royalty: 3% NSR or 2% NSR and US$2M

    3 years

    US$1M Expl. Commitment19.9% of the S/O after US$6M in expenditures

    Annual Expenditures - Y1: US$1M| Y2: US$2M | Y3: US$3M

    Virginia – Golden Opportunity

  • ArgentinaChile

    Taltal

    Chañaral

    100 km

    Inca de Oro

    Escondida

    El PeñonTaca-Taca

    Exploradora

    El Salvador

    La Coipa

    SalaresNorte

    Significant Deposit

    Main Road/Hwy

    Partner funded Project

    MRZ Project

    Mio-PlioceneMagmatic Centres

    Antofagasta

    Atacama

    Puna

    Generative

    19

    • Large land package with 9 claim blocks incl. Atlas /Titan

    • Previous partner spent CA$10M on properties and drilled

    11,640 m

    • Presence of an oxidized and mineralized HSE gold system

    confirmed by drilling

    GorbeaHigh Sulfidation Epithermal Gold Project

    MRZ-Newcrest Gorbea Project

    • NCM is following up on previous results to better

    define extent of mineralization

    • Drilling ongoing past the initial 3,000m program

    started in Q3 2019

  • 20

    Gorbea NCM

    Drilling Map 2019/2020

    • Newcrest continues to hit

    long intervals of alteration

    and mineralization

    • Drilling continues to refine

    the geologic interpretation

    • Large untested gaps

    remaining that can

    potentially host higher

    grade core

    DH08

    DH07

    DH04

    DH03

    DH05

    DH09

    DH01

    DH02

    DH10

    DH06B

    DH06DH22DH26

    DH29

    DH28

    DH23

    DH20

    DH18

    DH19

    DH24

    DH16

    DH17

    DH21

    DH25

    DH15

    DH14

    Pampa

    Zone

    Atlas

    Silver

    Zone

    Atlas

    Gold

    Zone

    Falda

    Zone

    Dacitic Domes and Flows

    Fox

    Breccia

    Steam Heated

    Zone Breccia

    Background: Bing Image © 2019 Microsoft Corporation © 2019 DigitalGlobe © CNES (2019) Distribution Airbus DS

    ATL-DH-001A

    ATL-DH-002

    Dacitic Domes and

    Flows

    Phreatomagmatic and

    Hydrothermal Bx

    Previous Partner

    Drill Holes

    Newcrest Drill Holes

    Locations

    1,000 m

    ATL-DH-004

    ATL-DH-003A

    ATL-DH-007Result Pending

    ATL-DH-006Result Pending

    ATL-DH-005

    ATL-DH-008Result Pending

    59m @ 0.39 g/t AuInc. 13m at 1.1 g/t Au

    164m at 0.52 g/t AuInc. 14m at 1.07 g/t Au

    and 16.5m at 1.31 g/t Au

    114.1m at 1.07 g/t AuInc. 36m at 2.49 g/t Au

    20m at 0.28 g/t Au5m at 0.31 g/t Au

  • 21

    GorbeaHSE Gold Project

    • Drilling ongoing

    • Receipt of further Results

    • Detailed interpretation

    NEXT STEPS

  • ArgentinaChile

    Taltal

    Chañaral

    100 km

    Inca de Oro

    Escondida

    El PeñonTaca-Taca

    Exploradora

    El Salvador

    La Coipa

    SalaresNorte

    Significant Deposit

    Main Road/Hwy

    Partner funded Project

    MRZ Project

    Mio-PlioceneMagmatic Centres

    Antofagasta

    Atacama

    Puna

    Generative

    22

    • NCM continues working on community consultation to

    gain support for planned exploration activities.

    • Governmental drill permitting completed.

    • The 2,250m drill program delayed until next field season.

    AltazorHSE Gold Project

    MRZ-Newcrest Altazor Project

    • Drill targets have been defined

    • Targeting a multi-million ounce HSE gold deposit

  • 23

    2017/2018 Altazor Surface Program Delivered

    Compelling Results

    • Extensive (75km2) alteration including steam

    heated cap, silicification and local vuggy

    quartz correlating to large scale magnetic

    depletions

    • Alteration mineral assemblage vectoring to

    CSAMT highly resistive geophysical anomalies

    • Multiple breccia complexes mapped along a

    15km range front

    • Anomalous gold, silver, copper, lead, zinc

    Background image: Ground Magnetics ASVI

    open

    open

    open

    Alunita

    Purichari

    Centinela West

    Pirofilita

    Sulfuros

    Centinela East

    La Puerta

    open

    New Altazorclaims

    extension

    New Altazorclaims

    extension 5,000 m

    Intense silicification

    Phreatic and Hydrothermal Breccias

    CSAMT Survey Lines

    Interpreted ASVI Lows

    Interpreted ASVI Highs

    Ground Magnetics ASVI Interpretation and Claims Expansion

    Analytical SignalVertical Integral

    Magnetic High

    Magnetic Low

    Strong outcropping alterationInterpreted extent of

    alteration zone beneath cover

  • ArgentinaChile

    Taltal

    Chañaral

    100 km

    Inca de Oro

    Escondida

    El PeñonTaca-Taca

    Exploradora

    El Salvador

    La Coipa

    SalaresNorte

    Significant Deposit

    Main Road/Hwy

    Partner funded Project

    MRZ Project

    Mio-PlioceneMagmatic Centres

    Antofagasta

    Atacama

    Puna

    Generative

    24

    • Option Agreement with First Quantum Minerals signed in

    October 2019

    • Targeting large scale Porphyry and/or HSE systems

    • Located on major N-W structural trend associated with

    several porphyry deposits (Taca Taca, Escondida)

    CoronaciónHSE / Porphyry Copper Gold Project

    MRZ-FQM Coronación

    Project

    • Surface work completed following deal executed

    • Mapping and Sampling

    • Geophysics (MAG, IP and MT)

    • Sample collected for age dating

  • 25

    Coronación Project1,200 ha

    Cu / Mo Porphyry

    Target

    Au / AgHigh Sulfidation

    EpithermalTarget

    1,000 m

    Grey Quartz Stockwork Veining

    Incipient Vuggy Silica

    Mirasol’s surface work at Coronación

    indicates potential for HSE or Porphyry

    system:

    • Advanced argillic lithocap (alunite/jarosite)

    alteration developed in the east

    → HSE style alteration

    • Intermediate argillic alteration (white

    micas) in the west

    → Porphyry style alteration

    • Rock chip and soil geochemistry support

    interpretation

  • 26

    CoronaciónHSE / Porphyry Copper Gold Project

    • Receipt of surface sampling and

    geophysical surveys results

    • Community Engagement Process

    • Drilling

    NEXT STEPS

  • • Located in N-S trending, regional scale Domeyko fault

    zone

    • Adjacent to 2 advanced projects (operated by Codelco

    and Mineria Activa)

    • Potential for vein type polymetallic (Cu, Zn, Pb, Ag, Au)

    epithermal mineralization and porphyry style

    mineralization

    27

    • MOU to option project to Mineria Activa – October 2019

    • Mineria Activa is a Chilean, mining focused private equity

    fund, developing the adjacent project

    • Exploration to focus on potential extensions and parallel

    structures to the known mineralization

    ArgentinaChile

    Taltal

    Chañaral

    100 km

    Nord Project

    Inca de Oro

    Escondida

    El PeñonTaca-Taca

    Exploradora

    El Salvador

    La Coipa

    SalaresNorte

    Significant Deposit

    OligoceneMagmatic Centres

    Main Road/Hwy

    Partner funded Project

    MRZ Project

    Antofagasta

    Atacama

    Puna

    GenerativeNordPolymetallic / Epithermal / Porphyry Project

  • Exploradora - CODELCOPorphyry Deposit

    Nord Project1,967 ha

    Ciclon -ExploradoraPolymetallic Epithermal

    Deposit

    Mineria Activa Properties

    28

    Nord and Nearby Projects

  • Las Heras

    29

    • Virginia district – Approx. 7.6 km of outcropping mineralized epithermal veins

    • Seven silver deposits outlined to date by over 23,000m of diamond drilling

    Road

    Jurassic Volcanics

    LEGENDTown

    MRZ Project

    Processing Plant

    • NI 43-101 within conceptual pit resource [1]

    • Indicated: 11.9 Million oz contained within 1.197 Mt at 310 g/t Ag

    • Inferred: 3.1 Million oz contained within 0.460 Mt at 207 g/t Ag

    • 2016 Mirasol acquired new claims to consolidate Virginia district

    • Reconnaissance of new claims identified new trends of vein float with

    multiple assays >500 g/t Ag, with a peak assay of 6,586 g/t Ag

    • Significant exploration upside with potential for new untested veins

    VirginiaLSE Silver Project

    [1] The Qualified Persons responsible for this amended Technical Report were commissioned by

    Mirasol Resources Ltd. to review all geologic, geochemical, geophysical, surface trenching,

    diamond drill core sampling and metallurgical recovery data pertaining to the Virginia Project for

    the purpose of completing a Mineral Resource estimate in accordance with the guidelines of the

    Canadian Institute of Mining and Metallurgy (CIMM). For calculating conceptual pits, a silver price

    of US$20 per ounce was used. Sensitivity analyses by the Qualified Persons indicate that the

    Mineral Resources are not particularly sensitive to operating costs or silver price fluctuations.

    Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

    Refer to Amended NI 43 -101 technical report filed February 29, 2016

    Gobernador

    Gregores

    Perito

    Moreno

    Bajo

    Caracoles

    50 km

    San JoseHochschild/McEwen Mining

    Cerro NegroNewmont

    MarthaPatagonia Gold

    TranquiloPatagonia Gold

    Virginia

    Santa Cruz

    Province

    Argentina

    Chile

    Manantial EspejoPan American Silver

    http://mirasolresources.com/wp-content/uploads/2016/09/2016-03-29_NI43-101_Virginia_Amended.pdf

  • 30

    • High grade rock chip assays suggest potential for multiple

    new silver vein trends

    • Mirasol previously prospected 1/3 of new claims area

    identifying areas with high grade silver subcrop and

    aligned float blocks

    → Drill ready targets identified

    Exploration Upside

    Magi

    1 km

    Original Virginia Claims

    New Virginia Claims

    RD

    Rhyolite Flow Dome

    Rhyolite Flow Dome

    Rhyolite Flow Dome

    World Imagery

    Margarita Vein Target

    Julia South Dome Target

    Eastern Target Zone

    Zoom

    LEGEND

    Drill Hole Collar

    Claim Boundary

    Conceptual Pit OutlineFrom Virginia Amended NI 43-101

    Target Zone

    Continuous Vein Outcrop

    Discontinuous Vein Outcrop / Subcrop

    Mineralized Structures

    Rock Chip Assays (Ag g/t)

    250 to 29,387120 to 250

    30 to 12015 to 30

    5 to 15-5 to 5

    SantaRitaEast

    SantaRitaMain

    Virginia

    VirginiaExtension

    Conceptual pit outlines

    from Virginia NI 43-101 study.

  • 31

    Deal Ready Project

  • Gobernador

    Gregores

    Las Heras

    Perito

    Moreno

    Bajo

    Caracoles

    San JoseHochschild/McEwen Mining

    Cerro NegroNewmont

    MarthaPatagonia Gold

    TranquiloPatagonia Gold

    Sascha Marcelina

    50 km

    32

    • Underexplored district: consolidated for the first time in early 2019

    • Located 100 km south of Newmont Goldcorp’s Cerro Negro mine and

    displaying similar geologic and geomorphic settings

    • Large alteration footprint located in close proximity to an extensive

    silica cap

    • High grade gold rock chip assays from Estancia and Igloo trends

    • Partner search and reviews underway

    Sascha MarcelinaLSE Gold and Silver Project

    Santa Cruz

    Province

    Argentina

    Chile

    Road

    Jurassic Volcanics

    LEGENDTown

    MRZ Project

    Processing PlantManantial EspejoPan American Silver

  • All Samples Au Ag

    Max Value 27.7 g/t 121 g/t

    Average value 0.56 g/t 3.9 g/t

    Estancia and Igloo Trend

    New Rock Chip Assays

    33

    Santa

    Cruz

    Provin

    ce

    Argentin

    a

    Chile

    50km

    Sascha -Marcelina

    Cerro Negro

    CerroMorro

    Mina Martha

    Manantial Espejo

    Jurassicvolcanics

    CerroVanguardia

    Sascha Marcelina Claims

    30,681 ha

    Sascha Marcelina Claims Boundary

    Additional Prospects

    Pellegrini Silica Cap

    Estancia Trend Igloo Trend

    Sascha Vein ZoneRock Chip Assays Au

    (g/t)

    1.00 to 160.00

    0.25 to 1.00

    0.10 to 0.25

    0.01 to 0.05

    0.00 to 0.01

    Below Detection

    0.05 to 0.10

    Sascha Marcelina

    Property Overview

    Marcelina Claims

  • 34

    Estancia

    Norte Zone

    Estancia

    Central Zone1.86 / 15.7

    5.24 / 1.85

    1.74 / 7.16

    1.02 / 7.65

    7.21 / 9.81

    8.45 / 6.30

    27.7 / 121

    Clay pan

    Silica Cap

    Clay pan

    Post-mineral basalt flows

    Post-mineral gravel cover

    Post-mineral gravel cover

    Vein trend may

    continue under

    claypan to south and

    gravel plateau to

    north

    Preliminary Lithology

    Ch

    on

    Aik

    eL

    a M

    atild

    e

    Rock Chip Labels:

    Au (g/t) / Ag (g/t)

    ?

    JurassicVolcanics

    Rock Chip Assays Au (g/t)

    1.00 to 27.70

    0.25 to 1.00

    0.10 to 0.25

    0.01 to 0.05

    0.00 to 0.01

    Below Detection

    0.05 to 0.10

    Estancia

    Sur Zone

    Post-mineral basalt flows

    ?

    ?

    ?

    ?

    Vein trend may

    continue under basalt

    to the NW

    • N-W structure hosting veins, veinlets and

    stockworks, over more than 3 km

    • Estancia South: Deepest level of erosion, hosting

    well developed veins and veinlets with highest

    grades. Permissive Chon Aike formation

    • Estancia Central: Higher level of system in poor

    host rock, with outcropping veinlets with lower grades

    • Trends opened to the North and South under cover

    Sascha Marcelina - Estancia Trend

  • 35

    → Mirasol funded exploration programs

    • Chile:

    • Los Amarillos – Trenching to be followed by drilling (results dependent)

    • Inca Gold – Surface sampling, geophysics and drilling

    → Multiple partner funded drilling and exploration programs

    • Chile: Gorbea (Drilling ongoing), Coronación, Altazor, Nord

    • Argentina: Virginia deal closure, surface exploration and drilling

    → Business Development initiatives to build new exploration partnerships

    • Sascha Marcelina and other pipeline projects

    MIRASOL IS FOCUSED ON DELIVERING EXPLORATION AND DRILLING ACTIVITIES TO DRIVE

    SHAREHOLDER RETURNS

    ACTIVITIES AND NEWS FLOW

  • 36

    Insiders28%

    Institutional Investors

    26%

    HNW and Retail

    Investors46%

    Significant Insider Ownership

    54 M Shares Outstanding 61 M Shares Fully Diluted

    Conservative Share Structure

    Well Funded

    C$ 18 M as at Dec. 31, 2019

    Market Capitalization

    C$ 27 M

  • 37

    TSX.V: MRZ

    For Further Information:

    Norm Pitcher, President & CEO

    Jonathan Rosset, VP Corp. Development

    www.mirasolresources.com

    Coronación Project, Chile

    http://www.mirasolresources.com/