Cambridge House Investment Conference

January 2015

Stephen Nano

President & CEO

TSX.V: MRZ

2| MRZ: TSX-V

Cautionary Statement

This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than

statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or

developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not

historical facts and are generally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”,

“projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Information

inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward

looking statements, as it constitutes a prediction of what might 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 differ materially from those in the forward-looking statements.

Factors that could cause the actual results to differ materially from those in forward-looking statements 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 or developments 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 these

forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required

by Canadian securities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), the US Securities and

Exchange Commission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in

these categories will ever be converted into reserves.

Stephen Nano, President and CEO for the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and

approved the scientific and technical information in this presentation.

MIRASOL RESOURCES

Mirasol Resources: Project Generator / Precious Metals / South

American Focus

• Successful discovery focused Project Generator

→ discovery to liquidity event

• Conservative share structure 44.25 million issued shares

→ discovery will deliver value to shareholders

• Well funded CA$25.6* million → exploring without share dilution /

3 – 4 yrs at current burn rate

• Strong Board & Management → discovery focused

• High calibre “headline project” portfolio / 5 drill ready large scale

precious metal systems

• Accelerating JV process to release value to share holders

• Re-initiated our project generation engine → focused on giant

copper / gold / silver systems of the Mio-Pliocene arc of Chile /

Argentina *cash + receivables due 2016

• 9 properties

• 2 headline projects

• +20 properties

• 3 headline projects

Mirasol’s New Atacama – Puna Generative Program

950 km of under

explored Miocene

volcanic arc

Bolivian

Silver Tin

Belt

Alumbrera

Agua Rica

Porphyry

Copper Gold

District

Southern

Porphyry

Copper Belt

El Indio

Epithermal

Gold Belt

Maricunga

Epithermal

Porphyry

Gold Belt

Mirasol

Gorbea Belt &

Frontera JV

area

Mirasol’s

Atacama/Puna

Generative

Program

Mirasol Rubi /

Fqm JV

Mio-Pliocene

Volcanic Arc

CopperCopper / Gold

GoldSilver

Mirasol

Atlas / Titan

Choquelimpie

Gold Deposit

• New “concept driven” generative program

Mirasol’s core strength

• Atacama (Chile) – Puna (Argentina)

encompasses Mirasol’s Gorbea Belt &

Frontera JV

• Targeting giant gold / silver / copper deposits

of the Mio-Pliocene & Oligocene arcs

• Applying leading edge geoscience & high

calibre field geology to focus on priority targets

• Initiated desk top studies in October 2014

Field follow-up of first targets underway Jan 2015

Short term → “smash & grab” open groundtargets

Longer term → framework for companybuilding strategy & to deliver

pipeline of new projects

1000km

CHILE PROJECTS - Atlas

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Mirasol Chilean Gold Silver Copper Projects

• Rubi JV with First Quantum Minerals

Claims 13,659 ha

Copper gold porphyry mineralization

→ aggressive phase 1 drilling

• Gorbea Belt 9 x 100% Mirasol owned projects

Headline projects Atlas & Titan

High Sulphidation epithermal gold - silver

→ JV offers received

• Frontera earn-in JV 15 projects

Claims totalling approx. +22,000 ha

High Sulphidation epithermal gold – silver &

porphyry copper gold

→ recon. program underway

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Atlas Project100% Mirasol Owned

El Dorado Project100% Mirasol Owned

Titan Project100% Mirasol Owned

• 9 x 100% owned projects

• Additional contiguous

claims from Frontera JV

• Adjacent headline

Mirasol projects Atlas &

Titan

• New, large, outcropping

gold – silver systems

• Multiple drill targets

defined

Gorbea Gold Belt: Atlas & Titan Projects, Chile2 adjacent head line projects / excellent results / good access / workable altitude

ASTER Alteration processing

Mirasol 100% owned PropertiesFrontera JV properties

Preferential Exploration right 2nd Tier Exploration rights

25 sq km alteration

6 km sq area with

multiple prospects

No previous drilling

Large gold system

Reconn drill intersections

Up to 44m @ 1.21 g/t Au

Including 10m @ 3.85 g/t Au

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Atlas Gold Silver Project – Chile

Ro

ck C

hip

Assays

by G

old

Eq

uiv

ale

nt

Au

+A

g/5

5

Best 3 Rock Chip Samples

From beginning of project to June 2014

Gold / Silver (g/t)

0.01/247

00.02/592

0.15/415

50.3/5.2

16.8/43.9

30.7/42.3

0.08/639

Atlas

Silver Zone

Atlas

Gold Zone

0.01/377

0.3/0.1

0/70.7

0/56.5

0/43.6

0.01/14

0.06/492

Pampa Zone

By G

old 2.91/1.9

1.14/2.1

1.32/5.7

By S

ilver

0.06/4210.05/386

0.08/248

IP Resistivity

50m Depth Slice

Pleiades Base Imagery

NEW PAMPA ZONE

Anomalous Rock Chip to

2.91 g/t Au & 421 g/t Ag

ATLAS GOLD ZONE

Rock Chips up to 50.3 g/t Au

Gold in trench channels

ATLAS SILVER ZONE

Rock Chips to 639 g/t Ag

Silver in trench channels

NEW OCULTO ZONE

covered resistive zone.

Outcrops of strong

quartz-alunite alteration

New large gold-silver system / high grade rock chip assays & geophysical anomalies / no previous drilling

Atlas Rock Chips

Pleiades Base Imagery

1 to 50.4

0.25 to 1

0.10 to 0.25

0.05 to 0.10

0.01 to 0.05

0 to 0.01

BDL to 0

50. 3 / 5.2

30.7 / 42.3

16.8 / 43.9

5 0 . 3 / 5 . 2

Labelled Rock Chip

Results

Silver (g/t)Gold (g/t)

By Gold By Silver

0.01 / 2470

0.08 / 639

0.06 / 592

Areas of Gold/Silver

Anomalous Rock

Chips

10 500100

IP 50m Depth Slice:

Resistivity (Ohm-m)

1000

AGZ

ASZ

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1 to 50.3

0.25 to 1

0.10 to 0.25

0.05 to 0.10

0.01 to 0.05

0 to 0.01

BDL to 0

Rock Chip Assays

by Gold (g/t)

Trench Collar & Trace

50m IP Resistivity

Contour Line

500

10

100

1000

50m

IP

(o

hm

mete

rs)

Resis

tivit

y D

ep

th S

lice

50.3/5.24

30.7/42.3

16.75/43.9

7.72/28.5 5.05/23.4

7.03/0.37

8.96/44.77.46/56.9

Magnetic Structure

50m IP Resistivity

Depth Slice

Labelled Rock Chip

Results,

greater than 5.0 g/t

Au

Silver (g/t)Gold (g/t)

5 0 . 3 / 5 . 2 4

Funnel Shaped Resistive Bodies

Feeder Zone/Buried Dome?

Mirasol Atlas

Project-7020 Ha

AGZSantiago

Antofagasta

Mirasol

Atlas Project

Location Overview: Tenure Overview:

Atlas Gold Zone Prospect – Priority Drill Targets Defined

• AGZ prospect surface rock chip samples

define an 800 by 500 m area with

anomalous gold/silver

• 55 samples in the range 1 - 50.3 g/t Au

outline multiple NW trending vuggy silica

structures.

• AGZ gold structures traverse 1.1 km long

trend with highly resistivity bodies

• New trench channel of vuggy silica

structures & breccias, assay:

8.4 m @ 1.85 g/t Au,

11.3 m @ 1.32 g/t Au &

14.9 m @ 1.67 g/t Au

→ Atlas Gold Zone (AGZ) priority drill targets

Late stage barite vein common in vuggy silica

structures from 3.27-8.85 g/t Au

Breccia vuggy silica clasts re-brecciation &

leach clasts with late fill of pink alunite, up

to 5.07 g/t Au & 7.95 g/t Ag in TR-02

800 m long zone

Anomalous gold

in rock chips

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Atlas Silver Zone & Oculto Target – Priority Drill Targets Defined

Upward flaring phreatic-hydrothermal breccia

with selective clast samples up to 542 g/t Ag,

North end of trench

Polylithic hydrothermal breccia silicification

clasts with silver sulphosalts acanthite,

assays up to 144.7 g/t Ag

Ignimbrites with flooded pervasive quartz

opaline silica & sulfide/sulfosalts in select

samples up to 519 g/t Ag

Mineralization with breccias &

silica sulphide replacement

Length weighted average channel

sampling at end of trench

55.9 m @ 39.9 g/t Ag

Best individual channels

0.35 m @ 609 g/t Ag

0.2 m @ 542 g/t Ag

0.7 m @ 261 g/t Ag

Large scale covered drill

targets indicated by geology

& geophysics

→ Priority drill targets Atlas Silver Zone &

Oculto Zone

Oculto target

Summary & Objectives

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Mirasol – Forward Focus

Focus on our core business model – Project Generator JV company

o Chile focus of our spend / project generation / project exploration

o Argentina represents a counter cyclic investment opportunity

Re-build our generative pipeline

o Chile & Argentina: Concept driven generation & project acquisition

o Argentina: Santa Cruz strategic consolidation in key districts / low

holding cost

Accelerate JV deals on headline projects - release value to our

shareholders via discovery – Gorbea Belt & Argentine headline projects

Slow the burn rate – targeting corporate + exploration spend to

target window of US$6.1 - 5.5 million for FY 2015

Improve information flow to our shareholders and the market so they can make

informed investment decisions

Mirasol Resources: Project Generator / Precious Metals / South

American Focus

• Successful discovery focused Project Generator

→ discovery to liquidity event

• Conservative share structure 44.25 million issued shares

→ discovery will deliver value to shareholders

• Well funded CA$25.6* million → exploring without share dilution /

3 – 4 yrs at current burn rate

• Strong Board & Management → discovery focused

• High calibre “headline project” portfolio / 5 drill ready large scale

precious metal systems

• Accelerating JV process to release value to share holders

• Re-initiated our project generation engine → focused on giant

copper gold silver systems of the Mio-Pliocene arc of Chile / Argentina

*cash + receivables due 2016Cambridge booth 1006

14| MRZ: TSX-V

Mirasol Market Information (CA$) – January 2015

Trading symbol: TSX.V: MRZ

Market capitalization: (January 15th 2015) $43.8 million

Shares issued and outstanding: 44,245,661

Warrants: N/A

Stock options: 3,157,800

Fully diluted: 47,403,461

Cash + Receivables (CAD):

Cash: $21.5 million

Estimated Tax Refund: $1.0 million (Expected 2015)

Estimated Tax Refund: $3.1 million (Expected 2016)

$25.6 million