Gold and Energy

Presentation

______________

February 2017

www.matamec.com 1

Matamec

Explorations

Inc. Summary

1. Matamec: New Strategy

2. Matamec Gold

3. Matamec Energy

2 2

Matamec

Explorations

Inc.

• Matamec is a junior mining exploration company based in Quebec

• Publicly traded on the Toronto Stock Exchange (TSX-V:MAT) and the

OTCQB (QB:MHREF)

• Gold properties are held in Matamec Gold

• Allows Matamec to increase its portfolio of gold properties in geological

settings linked to deposits or in close proximity to mines in production

• Properties with key elements for technologies related to energy will be

transferred to a subsidiary, called Matamec Energy

• Exclusively dedicated to the exploration and development of industrial

mineral and metal deposits related to energy

3

Insertion carte

Matamec

Gold and Energy

Key elements for technologies

related to energy

Gold projects

4 energy properties

◦ 1 in process of acquisition

8 gold properties

◦ 6 owned by Matamec

◦ 2 in process of acquisition

4

Matamec – Management and Board of Directors

BOARD OF DIRECTORS

• André Gauthier: Matamec’s President and CEO

• Marcel Bergeron: a chartered accountant and

Matamec’s CFO

• François Biron: a mining engineer with

experience managing several mines

• David Guérette: an economist specializing in

corporate development strategy

• Pierre Leblanc: an accountant specializing in the

mining sector

• Alain Madgin: a public affairs and

communications specialist

• Normand Tamaro: a lawyer specializing in

intellectual property

MANAGEMENT TEAM

• President André Gauthier: More than 30 years’ experience in

mining exploration and project development

• Eliza Ngai: Chief Metallurgist, more than 10 years’ experience

• Al Hayden: Metallurgist with EHA Consulting with more than 40

years’ experience, including solid hydrometallurgy experience

• Sylvain Doire: Director of the Environment (more than 20 years

of experience working at the Quebec Ministry of the

Environment with knowledge of permitting processes for several

mines)

• Claude Brisson: Director of Community Relations (more than

15 years’ experience in municipal affairs and regional

development)

Special Exploration Consultants:

• Guy Desharnais: experienced geologist employed by SGS

Canada Inc.

• Stéphane Dupuis: Consulting economist with more than 20

years’ experience in strategy

5

Stev

e L

abra

nch

e

Finance M.Sc. Algorithm

Modelization • Targeting and Claims

acquisition Strategist • Risk Management

adapted to exploration

• Corporate Development consulting for Globex (GMX), last 7 years

Finance MBA Business Management

• Co-chairman and Chief

Pilot of Eagle Geophysics • Advanced knowledge of

airborne geophysical systems

• Involved with Aeroquest for the ATEM development program

Ton

y P

err

on

Gu

y D

esh

arn

ais

Geologist, Ph.D. Technical Manager

• 15 years experience in exploration

and resource estimation in base and precious metals as well as strategic elements

• Brings geology, geostatistics and mining engineering together to evaluate opportunity versus risk through “High-Level Project Evaluation”

• Access to cutting edge technology: including Oculus Rift & CoreScan

• Winner of Integra Gold Rush Competition 2016

Eagle Geoscience Team SGS Geostat

6

Matamec’s New Mining Exploration Team

Matamec

Explorations

Inc. Summary

1. Matamec: New Strategy

2. Matamec Gold

3. Matamec Energy

7 7

Matamec

Gold 8 PROJECTS

7 located in close proximity and

similar geological settings as

prolific mining camps currently in

operation

1 being explored for a Cu-Au

porphyry system

8

Matamec

Explorations

Inc.

9

James Bay: Sakami & Opinaca Gold West

10

The property’s mineralization style and tectonic setting

share strong similarities with Goldcorp’s Eleonore

mine and the Cheechoo showing held by Sirios

Resources

The property covers a major tectonic contact between

two sub-provinces that is very favorable for hosting

gold deposits

Its geological setting comprises the Opinaca

sediments, the La Grande mafic volcanics, and iron

formations in association with a strong deformation

zone, notably near the tectonic contact of the La

Grande-Opinaca sub-provinces.

Sakami & Opinaca Gold West:

Similarities with Goldcorp’s Eleonore Mine

11

Mineralized horizons are sub-parallel to

the major tectonic contact, which spans

more than 20 km on the Sakami

property

Four areas explored since 2000:

Ile – JR – Peninsule – La Pointe

La Pointe zone is located in the southern

part of the property

Last exploration program: Summer 2016

Sakami: Matamec (50%) – Canada Strategic Metals (50%)

12

Oblique view (longitudinal) showing

the location of pierce points on the

northwest portion of Zone 25

Sakami: Zone 25 – Longitudinal

13

To date, the following characteristics

have been observed:

the zone is continuous along a

lateral distance of at least 250 m;

the zone extends beyond 500 m

depth down the dip of the

structures;

the mineralization remains open to

the northwest, as well as at depth,

with the best intersects along the

northern edge.

Plan map of the La Pointe area showing Zone 25

Sakami: Zone 25 – Summer 2016 Drilling Map

14

Hole # From

(m)

To

(m)

Length *

(m) Au (g/t)

PT-16-91** 165.2 208.5 43.30 2.21

Including 176.0 187.5 11.50 3.46

PT-16-92** 203.6 252.1 48.55 2.52

Including 206.9 228.0 21.05 4.94

Including 206.9 225.0 18.05 5.38

PT-16-93 252.0 279.0 27.00 1.87

Including 253.0 258.0 5.00 3.14

Including 271.0 277.0 6.00 2.69

PT-16-94 NSV

PT-16-95 NSV

PT-16-96 124.0 125.0 1.00 1.73

PT-16-97 136.0 156.5 20.50 0.55

PT-16-98 NSV

PT-16-99 66.00 69.00 3.00 1.33

78.00 81.00 3.00 1.08

91.50 93.00 1.50 1.97

124.5 127.5 3.00 1.07

169.0 170.5 1.50 2.86

* The Company estimates the true width of the mineralized zone at 70 to 95% of the core length.

Composite

section of Veins

25 and 22

illustrating

potential merging

of these zones

Sakami: Zone 25 – Composite Section

15

Sakami: RESULTS OF THE SUMMER 2016 EXPLORATION CAMPAIGN

16

The 2016 Summer Program covered 4 areas of the property, and included a drilling campaign of 9 holes totaling 2,058 m

on the La Pointe sector (PT-16-91 to PT-16-99). It also comprised a total of 210 km of geophysical survey lines in the La

Pointe, Île and JR West sectors, and a mapping and prospecting campaign in the Péninsule, Île and JR West sectors.

The results from PT-16-93 together with PT-16-91 and PT-16-92 confirm that Zone 25 increases in thickness and

grade to the northwest. This lens remains wide open in this direction and we are very keen to test the continuity of this thick

zone of gold mineralization in the next drill campaign. Note that the grade of the intervals are relatively consistent; there are

no extreme grade assays that carry very low grade intervals. The very thick intervals and their relative position suggest a

possible merging of Zone 22 and 25 in this direction.

The drilling of PT-16-96 and 97 confirms the mineralization trend to the extreme south east, and the lack of significant

assay results in the remaining drill holes testifies to the complex geology occurring at this apparent fold nose on the La Pointe

Peninsula.

The results for the Simon showing supports the presence of high-grade gold values, with channel sampling results

of up to 20.8 g/t Au over 1 metre and 17.45 g/t Au over 1 metre. It should be recalled that the Simon showing was

discovered as a result of work carried out in the summer of 2015 on the Peninsula sector, which returned 45.9 g/t Au in a chip

sample. This new gold showing is located on a geophysical anomaly where a strong magnetic low is observed, as well the

junction of multiple faults. It is also located on the contact between the LaGuiche sediments (Opinaca) and La Grande belt

volcanic and appears encased, like the Zone 25 gold zone in the La Point sector.

Sakami: MATAMEC (50%) – CSM (50%): OPTION AGREEMENT

17

On August 18, 2016, Matamec announced that Canada Strategic Metals (CSM) has acquired

its 50% undivided interest in the Sakami property, after having issued 2,000,000 shares to the

Company and having spent $2,250,000 in exploration work over the past 3 years.

Within 180 days of acquiring its 50 % interest in the property (period ends February 11,

2017), CSM will have an option to acquire an additional 20 % property interest by issuing 1

million shares to Matamec and completing an independent bankable feasibility study within

five years of the date of the share issuance. During the period that the additional option is

valid, the Company must spend a minimum of $ 2,000,000 on exploration by the end of each

year until the feasibility study is completed.

Matamec Gold

8 properties

• 2 properties located near operational gold mines:

• along the stratigraphic rock formations east of the Hoyle Pond Mine

• Casa Berardi South captures a rock structure that is parallel and analogous to the Casa Berardi Mine

• 2 properties located in the same geological settings as Goldcorp’s Éléonore gold mine:

• Sakami covers the Opinaca-La Grande geological contact

• Opinaca Gold West is situated along the same geological formation

• 1 property located in the northeastern extension of the former Troilus mine host package:

• Troilus North straddles a northeastern extension of the volcanic sequence

1 property being explored for

a Cu-Au porphyry system

18

Matamec

Explorations

Inc. Summary

1. Matamec: New Strategy

2. Matamec Gold

3. Matamec Energy

19 19

Matamec

Energy

20

Insertion carte

“Modern energy technologies – both new energy sources and novel

ways to store, transmit, transform, and conserve energy – are

enabled by the unique chemical and physical properties of a

multitude of specific “key” materials” (DOE, 2015).

KEY ELEMENTS FOR TECHNOLOGIES RELATED TO ENERGY

Matamec

Energy

21

Matamec Energy

4 properties PROPERTIES RICH IN KEY ELEMENTS FOR

TECHNOLOGIES RELATED TO ENERGY

Energy Properties

Tansim Li*

Fabre Co*, Ag

Lorraine Ni, Co*, Pt, Pd, Rh

Kipawa Ce, La, Pr, Nd, Eu, Gd

Tb, Dy, Yb, Y, Ga, Hf, Ti

* “Battery use will drive lithium demand in the

future, but they also require other metals and

materials. Apart from lithium, likely the most

vital and scarce of these will be cobalt”

(Stormcrow, 2016).

22

Matamec

Explorations

Inc.

23

Tansim – Geology and Occurrences

24

Past exploration resulted in the identification

of concentrations of Li, Ta and Be

3 main showings:

Viau-Dallaire

Main complex pegmatite strikes for

at least 300 m with a thickness from

12 to 20m

Viau

Several pegmatite dykes are at least

30m-thick and extend for 200m and

are complex and zoned

Vézina

Small 200 x 50m elongated buttes

exposing complex zones

Tansim Mineralizations:

1) Lithium; 2) Lithium-Tantalum-Niobium; 3) Beryllium-Lithium-Tantalum

25

The table shows mineralized pegmatite occurrences found on the property since the discovery on the Dallaire showing in 1957

A broad, regional zonation is reported as follows:

(1) To the East, pegmatites are mineralized in Be, Li and Ta.

(2) To the Center, pegmatites are mineralized in Li, Ta and Nb

(3) to the West, only Li mineralization is observed

From east to west, complex and zoned granitic pegmatites show:

values up to 0.5% Be,

values up to 5.8% Ta2O5 (boulder)

values up to 0.028% Nb2O5

and values up to 4.65% Li2O (grab sample)

Tansim: Main Advantages

26

Since the discovery in 1957 of large crystals of spodumene and beryl on the Dallaire showing, only 11 short DDH have

been reported on Viau-Dallaire (1961-(4)-121.6m), Viau (1974-(4)-248m) and Île du Refuge (1978-(3)-70m) showings

Since the rock exposure is less than 10%, with most areas residing on the north shores of Lake Simard being covered by

glacial drift, several portions of the EW-oriented magnetic band remain largely uninvestigated

Geologists estimate that if all of high magnetic terrane corresponds in part with mineralized granitic pegmatites, then nearly

40% remains unexplored

Based on the large extent of the surface area of mineralized pegmatites occurrences, the zonation of mineralogical facies

and the complexity of the mineralogical phases, geologists have concluded that this region might be qualified as a

fertile pegmatitic field

There are sufficient hints from the Ta geochemical assays coming from Tansim granitic pegmatites that may lead to the

discovery of Ta-rich horizons

Next exploration program will carry out a detailed drilling campaign on the principal showings to unearth new zones of

pegmatites dykes and ultimely define mineral resources

Matamec

Explorations

Inc.

27

The Fabre Battery Mineral

Resources/Tres-Or Resources Ltd

Property has historical showings and

drill intersections, including a 1995

drill hole reported in report GM 53625

filed with the Quebec government of

714.2 g/t Ag, 2.7% cobalt (Co), 1.1%

bismuth (Bi) and 1.05 g/t Au.

The Keeley-Frontier Mine (1921-

1965) was located 8km west of Fabre

in the same structure and produced

19.2Moz Ag & 3.3Mlbs Co.

Fabre Property: Cobalt-Silver

28

The Fabre property is located in the Lake Temiscamingue region about 10 km from the Cobalt historical

mining camp, which has produced about 20,450(1) tonnes of cobalt at different periods during the 20th

century. The property is in a lithological and structural setting that is key to the discovery of cobalt-enriched

mineralization ((1) Petruk W., Jambor J., Boyle R.W., 1971).

The 2,930 ha property’s geology includes sheared mafic volcanics overlaid by sediments of the Gowganda

Formation and cross-cut by gabbroic intrusions. At the regional scale, the Fabre area corresponds to the

southern extension of north to north-west faults passing through the Cobalt Mining Camp on the Ontario side.

Historically, copper and gold occurrences have been discovered inside the property area. Sulphide

mineralizations are associated with quartz veins hosted by chloritic shear zones exposed at surface.

Historical records show enrichment in the following elements: Cu-Zn-Ag-Au. The historic exploration data

does not enable the tracing of the extension or the geometry of the mineralized system, nor does it indicate if

other elements like cobalt are present.

The company plans to validate this historical information by resampling and assaying for other critical

elements. In addition, the upgrading of the geophysical coverage should allow for the interpretation of the

structural pattern controlling metal distribution in this sector.

Fabre – Cobalt-Silver: Summary

29

Matamec

Explorations

Inc.

30

Kipawa Deposit: Mining Project Phases

31

1st phase (2007-2011) – CAD$5M Drilling to Preliminary Economic Assessment (PEA)

2nd phase (2012-2014) – CAD$18.5M: Feasibility Study and Environmental Baseline Study

3rd phase (Winter 2015 - Spring 2018) – CAD$6M: Main Objective – Reducing CAPEX ($375M) &

OPEX ($78M)

2017-2018 Objectives:

Optimization of the metallurgical processes, including operations of 2nd mini-pilot plant, in order to reduce the CAPEX & OPEX

Completion of plan for demonstration pilot plant

Evaluation of opportunities for reducing the project’s environmental footprint

Updating the feasibility study (released October 2013)

Ongoing environmental and social impact studies

Continuing the process of social acceptability with non-aboriginal stakeholders

Working with government authorities to build trust and consensus with local aboriginal communities

Ongoing discussions with strategic industrial and financial partners

2 rare earth concentrates: Light and heavy

(Individual purification process under evaluation)

Silicate Minerals:

Eudialyte - mosandrite - 90% REE contents

3-Step Process Plan:

Magnetic separation, hydrometallurgy and

purification

Open pit–Scheduled operating time of the mine: 15 years

(view of the pit at year 15)

Proven and Probable Mineral Reserves:

19.7Mt @ 0.411% Total Rare Earth Oxides

(TREO)

Kipawa Deposit: 5 Key Points

32

Kipawa Deposit: Metallurgical Process Overview

33

+ Metal and Alloy Processes are under Evaluation

Matamec

Explorations

Inc.

Current and Upcoming Activities

• Structure (legal, financing, etc.) of Matamec Gold & Matamec Energy

• Matamec Gold

• NI 43-101/FMV Reports for: Sakami, Opinaca Gold West, Timmins (HMR,

MathesonJV/Pelangio & Montclerg), Casa Detour, Valmont, Casa Berardi South &

Troilus

• Acquisition of: Casa Berardi South & Troilus

• Matamec Energy

• NI 43-101/FMV Reports for: Tansim, Fabre, Kipawa & Lorraine

• Acquisition of: Lorraine

34

Matamec’s new 2-company strategy offers:

a significant high-potential, diversified portfolio of gold in

Matamec Gold;

key elements for technologies related to energy in

Matamec Energy;

a highly knowledgeable exploration team with unique

data treatment skills and results; and

a company actively involved in R&D and innovation

projects (processing technologies).

What we are looking for:

strategic and financing partners to develop our high-

potential projects with us

Conclusion

www.matamec.com 35