SOUTH CROFTYADVANCING TOWARDS

PRODUCTIONABMEC Presentation - November 2017

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This presentation may contain forward-looking statements which involve known andunknown risks, uncertainties and other factors which may cause the actual results,performance, or achievements to be materially different from any future results,performance or achievements expressed or implied by such forward-looking statements.

Forward looking statements may include statements regarding exploration results andbudgets, resource estimates, work programs, strategic plans, market price of metals, or otherstatements that are not statements of fact.

Although the expectations reflected in such forward-looking statements are reasonable,there is no assurance that such expectations will prove to have been correct. Various factorsthat may affect future results include, but are not limited to: fluctuations in market prices ofmetals, foreign currency exchange fluctuations, risks relating to exploration, includingresource estimation and costs and timing of commercial production, requirements foradditional financing, political and regulatory risks. Accordingly, undue reliance should not beplaced on forward-looking statements.

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FORWARDLOOKING STATEMENT

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ABOUT STRONGBOW

• A mineral exploration and development companyfocused on strategic metals.

• Key Project - South Crofty - high grade tin in Cornwall,UK.

• Aim to responsibly develop South Crofty, which has amining licence, subject to certain conditions, valid until2071.

• Osisko Gold Royalties (TSX: OR) is a key cornerstoneshareholder (33%).

• Strongbow has a portfolio of assets in the UK and NorthAmerica (tin, gold, nickel).

• Strongbow also holds a royalty on the Cantung andMactung tungsten assets in Yukon / NWT, northernCanada.

• Currently listed on TSX-V and intends to explore an AIMlisting in 2018.

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D. Grenville Thomas Canadian Mining Hall of Fame 2009Chairman Founder Aber Resources – discovered Diavik Mine

Richard Williams CEO – Founder Helio Resource Corp,President, CEO & Director 25 years experience in mining and mineral exploration

John Burzynski Prospector of the Year 2007; Mining Man of the Year 2009Director CEO – Osisko Mining Inc., Director, Osisko Gold Royalties

Patrick Anderson Mining Man of the Year 2009, CEO – Dalradian Resources, Director Co-founder / former CEO – Aurelian Resources

Alix Drapack Professional Engineer Mining & EnvironmentalDirector Developing Osisko Mining’s Operations in Canada

Ken Armstrong CEO - North Arrow Minerals and former CEO of StrongbowDirector

Zara Boldt - CFO Former CFO of Kaminak Gold – C$520M sale to Goldcorp

Owen Mihalop – COO Chartered Mining Engineer with 20 years experience

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MANAGEMENT & DIRECTORS

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Dolcoath Mine c.1893

WHY TIN AND WHY SOUTH CROFTY?

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An Opportunity to Develop a High-Grade Tin Project

Proven mining history and resources, Permitted to begin production, Stable jurisdiction

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1985 ITC bankruptcy - tin price collapsed.

1998 Mine closure: South Crofty was the last tin mine to close in Cornwall. Closure was due to the sustained low tin price.

2001 Baseresult Holdings took control, but hampered by moves to redevelop the mill and office site, and by ongoing reviews of the Mineral Planning Permissions.

2007 Western United Mines Ltd formed to own and operate the mine, with investment from Cassiterite LP, an investment division of Galena Asset Management.

2011 Celeste Copper entered project as a JV partner.

Conditional Surface planning consent granted by Cornwall Council.

2013 Conditional underground mining permission granted by Cornwall Council – valid until 2071.

Global downturn in commodities prices; inability to access funding for projects; project placed into administration.

2016 Strongbow acquires South Crofty and associated assets from administration.

NI 43-101 Resource Estimate published, Planning Permission conditions discharged and Surface planning implemented and valid until 2071, minewater treatment trials commence.

2017 Positive PEA published, water treatment trials completed and Mine Water Discharge Permit awarded by EA.

SOUTH CROFTYRECENT HISTORY

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100

150

200

250

300

350

1900 1915 1930 1945 1960 1975 1990 2005

Post-war reconstruction to oil crisis

China, electronics & lead-free solders

Cans and cars

’000tpa

WORLD TIN CONSUMPTIONFROM 1900

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Solders - electronic, 43.5%

Solders - industrial, 4.8%

Chemicals, 15.5%

Tinplate, 14.7%

Lead-Acid Batteries, 7.3%

Brass & Bronze, 5.2%Float glass, 2.0%

Other, 7.0%

ESTIMATED WORLD REFINED TIN USE 2014

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5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

0.0

2.0

4.0

6.0

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10.0

12.0

14.0

1990 1995 2000 2005 2010 2015 2020

Weeks' supply Prices

Forecast

FORECAST WEEKSSUPPLY AND PRICES

Price in US$/tonne

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Resource split into 2 sections1. Lower Mine – tin only2. Upper Mine – polymetallic (tin, copper and zinc)

Lower MineIndicated 1.66Mt at 1.81% SnInferred 0.74Mt at 1.91% SnTotal 2.40Mt at 1.84%Sn

Upper MineIndicated 0.26Mt at 0.99% SnEq*Inferred 0.46Mt at 0.91% SnEq*Total 0.72Mt at 0.94% SnEq*

Independent Technical Report Published in April 2016 –P&E Mining Consultants

* Metal prices used for the SnEq resource estimate are US$8.50/lb Sn, US$2.75/lb Cu and US$0.90/lb Zn based on the approximate LME 2-year trailing averages at March 31, 2016. Process recovery assumptions are 88.5% for Sn, 85% for Cu and 70% for Zn. The SnEq% calculation includes metal price and recovery: SnEq% = Sn% + (0.311 x Cu%) + (0.084 x Zn%). For the Lower Mine Resource, only tin analyses are available, therefore only Sn% is reported.The April 2016 NI 43-101 Mineral Resource Estimate was calculated by P&E Mining Consultants Inc, of Brampton, Ontario. Mr. Eugene Puritch, P.Eng was the lead author, and is a Qualified Person as defined by NI 43-101.

SOUTH CROFTYNI 43-101 MINERAL RESOURCES

CAUTION – Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability 10

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CML Power to Work Areas;Includes full/shared ownership & research identified

Mine permit boundary

NI 43-101 Resource Locations

Mine Site

Mine Portal

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2 3

4

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Useable Shafts (for ventilation and hoisting to a sub level with connection to the decline).

1. Williams: 915m deep, 5.8m dia.

2. Roskear: 610m deep, 4.9m dia.

3. NCK: 770m deep, 6.0mx2.5m

4. Taylors: 520m deep, 6.0mx3.0m

5. Palmers: 500m deep, 2.5mx1.8m

(The shafts will need to be re-equipped in the event the project reaches a production decision).

• 400m of decline completed to west side of Great Crosscourse Fault.

• Area set aside for process plant construction, offices, etc with full extant planning permission.

• Proposed process plant site is adjacent to railway line, and access to grid power.

• Water treatment plant site is permitted and has planning consent Trace of Great

Crosscourse Fault

SOUTH CROFTYINFRASTRUCTURE IN PLACE

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PRELIMINARY ECONOMIC ASSESSMENT - February 2017

• Pre tax NPV: $165.9M

• After tax NPV: $130.5M

• IRR: 23.4%

• Pre-production CAPEX: $118.7M

• Payback: 3.8 years

• LOM sustaining CAPEX: $83.8M

• Mine Life: 8 Years

• Average LOM cash cost: $3.36/lb SnEq

• LOM AISC: $4.44/lb SnEq

• Mineralized material mined: 2.575Mt

• Average grade: 1.55% SnEq

Study Assumptions:

Tin Price = US$10/lb ($22,000/t)

$US / £GBP = 1.25

Discount Rate = 5%

Mining Method = Captive longhole with paste backfill

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SOUTH CROFTYECONOMICALLY VIABLE

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SOUTH CROFTYOPERATING PERMISSIONS IN PLACE

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Surface Mill / Plant Site Boundary

Underground Permission Boundary

Permitted Discharge Point

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ADVANCINGTO PRODUCTION

How can UK based manufacturers, service and equipment suppliers help Strongbow?

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SOUTH CROFTYMINE DEWATERING

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Mine officesWorkshop

Processing Plant

Mine Portal

Water treatmentPaste BackfillSubstationAggregates reclaim

NOTE: there is no guarantee that this potential will be realised. 16

SOUTH CROFTYPROCESS PLANT & SURFACE FACILITIES

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SOUTH CROFTYMINING

• During 1980’s and 90’s, 70-80% of ore derived through this method (remainder from development and some shrinkage stoping).

• Main levels typically developed on 25fm (45m) intervals - generally two sublevels between main levels, 12-15m apart.

• Majority of development is “on lode” with footwall drives and drawpoints in waste on main levels only.

• Stope panels typically 60m wide along strike with raise access to sublevels.

• Minimum Mining Width – 1.2m

• Future operations will be the same but with ramp access to sublevels, where possible.

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DEVELOPMENT

Traditional Drive Development

Handheld pneumatic drills used to develop 2.4m x 2.4m drifts and install roof support as required.

Trackless Development

Modern electric-hydraulic drill jumbos to develop 3.5m x 3.5m drifts in waste, 2.4m x 2.8m drifts in ore, plus install roof support.

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Traditional skid mounted “bar and arm” pneumatic longhole rigs for production blast hole and cable bolt drilling, replaced by pneumatic or hydraulic drills mounted on trackless mobile carriers.

STOPE DRILLING

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Example of modern narrow vein longhole mining – Perseverance Drilling, WA.

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MUCKING & HAULING

Traditional Tracked Operations

Pneumatic overhead loaders mucking from the face and drawpoints into side tipping wagons, hauled by electric locos to ore and waste passes.

Future Trackless Operations

Diesel or battery powered load haul dump vehicles mucking from the face or drawpoints and hauling directly to nearby ore and waste passes.

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• Publish NI 43-101 Resource statement.✓ Filed in June 2016

• Exit administration / take ownership of South Croftyand other Cornwall Mineral Rights.✓ Completed July 2016

• Complete and implement surface planning consents to maintain Mine Permit in good standing.✓ Completed in November 2016✓ Certificate of Lawful Development in January 2017

• Conduct water treatment tests.✓ Completed in March 2017. Demonstrates ability to

treat and discharge water that meets EA guidelines

• Complete a PEA study✓ Completed in February 2017, filed on Sedar at end

of March 2017

PROJECT MILESTONES

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• Submit application to EA for Mine Waste Permit with Water Discharge consent.✓ Application to EA submitted May 2017

• Commence design/engineering of WTP and enabling works and engage contractors✓ Nomenca/Siltbuster engaged June 2017

• Receive discharge permit✓ Awarded by EA on 19th October 2017

• Begin water treatment plant construction✓ Q4 2017

• Commence dewatering of South Crofty mine✓ Q3 2018

• Explore options for Listing in the UK on AIM in 2017.

2017/18 OBJECTIVES

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Contacts

Strongbow Exploration Inc.President & CEO: Richard WilliamsEmail: rwilliams@strongbowexploration.comWebsite: www.strongbowexploration.comTwitter: @sbwexplorationAddress: 580 – 625 Howe Street

Vancouver, BC, V6C 2T6Phone: +1 604 638 8005 Fax: +1 604 638 8011

BlytheweighFinancial PR/IR: Tim Blythe/Camilla HorsfallEmail: Camilla.Horsfall@Blytheweigh.com

Tim.Blythe@Blytheweigh.comPhone: +44 (0)20 7138 3204

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