Project Update Greenland Day

PDAC March 6, 2016

WHITE MOUNTAIN CALCIUM

FELDSPAR PROJECT

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Forward Looking Statements

Forward-looking Statements

This presentation includes certain forward-looking statements about future events and/or financial results which are forward-looking in nature

and subject to risks and uncertainties. Forward-looking statements include without limitation, statements regarding the company’s plan, goals

or objectives and future mineral projects, potential mineralization, resources and reserves, exploration results and future plans and objectives

of Hudson Resources. Forward- looking statements can generally be identified by the use of forward-looking terminology such as "may", "will",

"expect", "intend", "estimate", "anticipate", "believe", or "continue" or the negative thereof or variations thereon or similar terminology. There

can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those

anticipated in such statements. Important factors that could cause actual results to differ materially from expectations include risks

associated with mining generally and pre-development stage projects in particular. Potential investors should conduct their own investigations

as to the suitability of investing in securities of Hudson Resources.

Cautionary Note Regarding Mineral Reserves and Mineral Resources

Readers should refer to the current Technical Report of Hudson and other continuous disclosure documents filed by Hudson available on

SEDAR at www.sedar.com, for further information on Mineral Resources, which is subject to the qualifications and notes set forth therein as

well as for additional information relating to Hudson more generally. Mineral Resources which are not Mineral Reserves, do not have

demonstrated economic viability.

Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated and Inferred Resources

This presentation uses the term "Inferred" Mineral Resources. U.S. investors are advised that while such terms are recognized and required by

Canadian regulations, the Securities and Exchange Commission does not recognize them. "Inferred Resources" have a great amount of

uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of

an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the

basis of feasibility or other economic studies. U.S. investors are also cautioned not to assume that all or any part of an Inferred Mineral

Resource exists, or is economically or legally mineable.

Qualified Person (QP)

Dr. Michael Druecker, CPG, is a qualified person as defined by National Instrument 43-101 and reviewed the preparation of the scientific and

technical information in this presentation. Ronald G. Simpson, B.Sc., P,Geo., President of Geosim Services Inc., is an independent Qualified

Person as defined by NI 43-101 and was responsible for the resource estimate on the White Mountain Project. QP certificates can be found

on Hudson’s website.

Dr. Michael Druecker, Ph. D., CPG, Ronald G. Simpson, B.Sc.,P.Geo, Don Hains, P.Geo., and John Goode, P.Eng prepared the Technical Report

titled “PRELIMINARY ECONOMIC ASSESSMENT (PEA) FOR SPECIALTY ALUMINA PRODUCTION FROM THE WHITE MOUNTAIN ANORTHOSITE DEPOSIT, WEST

GREENLAND”. The Report incorporates a previously reported mineral resource estimate for the Project, which was completed by Druecker and

Simpson (Technical Report on the White Mountain Project West Greenland, dated January 30, 2013).

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Spring - Community Consultation Visits

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Summer - 10-Year Supply Agreement

On July 30, 2015, Hudson announced that they had entered into a binding

purchase agreement with a previously disclosed (NR2014-03), large North

American materials company for the supply of Hudson’s White Mountain

anorthosite product, to be used in the production of fiberglass.

The purchase agreement establishes a minimum 10-year commitment for

significant annual purchase of the product. Hudson will be a global supplier,

providing anorthosite as a feed material to the company’s fiberglass plants

around the world.

Hudson expects to commence product shipments in the second half of 2016,

subject to final permitting, financing and mine commissioning in Greenland.

The supply agreement will cover a major portion of the initial planned

production of 200,000 tonnes per year. For a nominal additional cost, Hudson

can more than double the capacity to accommodate new customers.

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Fall – Mining Permit Signing Ceremony

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Fall - Transporting Equipment to Site

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Early Fall - Updated Road Progress

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Late Fall - Updated Port Progress

150m

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What is Anorthosite?

The anorthosite has three potential commercial uses:

1. A replacement for kaolin in the

production of E-glass fiberglass

2. A replacement for kaolin in the filler market (paints and plastics)

3. A primary source of alumina, replacing bauxite

Each of the above are significant market opportunities. Hudson is targeting E-glass as a first mover/early cash-flow business.

E-Glass Fiberglass

Plastic

Hudson’s anorthosite is a calcium feldspar rock which

is primarily comprised of aluminum (31%), silicon

(50%) and calcium (15%). The White Mountain

anorthosite is unique in its size and purity.

Alumina

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Reasons a Fiberglass Plant will Switch from Kaolin

Anorthosite is a superior feedstock over kaolin for the production of E-Glass

based on the following benefits:

Energy savings of 10+%

Produces higher quality fibers

Reduced fiber breakage at the bushings – reducing waste

Reduced melt time

Higher glass yield of 10-12%

Less CO2 resulting in less bubbles in glass, less defects

Reduced NOx, SOx and CO2 emissions

Lower heavy metal content

Reduced wear and tear on refractories, thus extending furnace life

Higher density (2-3 times that of kaolin) allows for major efficiencies in

shipping and storage

Airport

(Source: Sibelco Paper, GlassTrend Conference, October 2012, and other industry sources)

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A Strategically Located Project

Shipping route

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A Very Unique Deposit

Shawmere Deposit

Canada

Gudvangen Deposit

Norway

Lapinlahti Deposit, Finland

Typically, calcium-rich anorthosite deposits are small, irregular and contain too many

impurities for commercial applications other than low value products like road fill.

Only three other deposits have been identified that have similar chemical

compositions. The Lapinlahti deposit is currently marketing product through Sibelco

but available quantities are limited. The Gudvangen deposit is located within a

UNESCO World Heritage site and the Shawmere deposit has a very small resource.

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A Large Deposit / Long Life Potential

Size matters and buyers want security of a long term supply of

homogeneous and consistent material

Initial 43-101 resource model, based on our first year of drilling, outlined

27 million tonnes of indicated and 32 million tonnes of inferred resources.

Cut-offs are based on the purity of material needed by the E-Glass industry

This represents over 50 years of production for the E-Glass market

95% of the body still untested. Strike length is 6 km

Suite 1460 – 1066 West Hastings Street Tel: (604) 628-5002 Vancouver, B.C. V6E 3X1 Fax: (604) 688-3452

FOR IMMEDIATE RELEASE TSX-V: HUD January 30, 2013 OTC: HUDRF

NR2013-03

HUDSON REPORTS INDICATED RESOURCE OF 27.4 MILLION TONNES FOR THE WHITE MOUNTAIN ANORTHOSITE PROJECT IN GREENLAND

Vancouver, BC - HUDSON RESOURCES INC. (the “Company”) – (TSX Venture Exchange “HUD”; OTCQX

“HUDRF”) is pleased to announce the first NI 43-101 compliant mineral resource estimate for its 100% owned

White Mountain anorthosite (calcium feldspar) project in Greenland. This resource estimate outlines an indicated resource of 27.4M tonnes together with an inferred resource of 32.7 M tonnes. The resource parameters and

2.50% sodium (Na2O) cut off are based on the feedstock requirements needed for the E-Glass (fiberglass) industry. E-Glass is a high value product that is high in aluminum, silica and calcium and requires low sodium and

iron and no other impurities. The resource remains open in all directions.

Table 1. Mineral Resource Estimate

Class Na2O Cut

Off1

Tonnes (000’s)

SiO2 Al2O3 Fe2O3 CaO MgO Na2O K2O

Indicated 2.50% 27,384 49.2% 30.0% 1.26% 14.95% 0.55% 2.35% 0.29%

Inferred 2.50% 32,724 49.4% 30.1% 1.22% 15.01% 0.52% 2.34% 0.26%

Indicated 3.00% 35,707 49.6% 29.8% 1.25% 14.72% 0.53% 2.41% 0.31%

Inferred 3.00% 42,034 49.7% 29.8% 1.25% 14.77% 0.52% 2.40% 0.30%

1. Note: Cut-Off means all material is below the grade specified of Na2O. The sensitivity of the model to an increase in Na2O to a 3% cut off is included to show that the resources remains within E-Glass specifications.

The resource estimate is classified as Indicated and Inferred Mineral Resources as defined by CIM and referenced in NI 43-101. A Technical Report for this resource estimate will be filed on SEDAR within 45 days. The

resource estimate was prepared by GeoSim Services Inc. of Vancouver.

James Tuer, Hudson’s President, stated, “We are very pleased with our initial resource estimate for the White

Mountain anorthosite deposit. This resource estimate demonstrates that we have already outlined a significant amount of anorthosite despite having only drill-tested a very small portion of our target area. The low sodium

content, as noted in this resource estimate, makes it an ideal candidate for the E-glass (fibreglass) market, and

we will soon be providing processed bulk sample material to potential end users in the E-glass industry for testing in their furnaces. As previously disclosed, the high solubility and low iron content of our anorthosite also makes it an excellent candidate for potential alumina production. With this resource model in hand, and metallurgical test-work expected to be completed in the next few months, we will commence a prefeasibility study for a project to

supply the E-glass market and will work to rapidly advance the project under Greenland’s streamlined permitting process. We expect to submit an application for an exploitation license in early 2014.”

The mineral resource was estimated using the inverse distance squared method. Block dimensions were 25 metres by 25 metres horizontal and 10 metres vertical. Grade estimation was based on analyses of core samples

from 14 vertical core holes (1088 metres in total) completed in 2012. Drill holes were spaced approximately 100 metres apart on a rectangular grid and extended between 50 and 100 meters below surface. Oxide analyses were

composited in five metre down-hole intervals. It was concluded from statistical analysis of the raw sample data

that grade capping or special treatment of outliers was not warranted.

Blocks were considered as potentially economic if they were within an area mapped as being >90% anorthosite and containing less than 2.5% Na2O. Almost all blocks exceeding this level of Na2O were at the base of the

model and would not have to be removed to access the other material. No other cut-off criteria were used as all blocks were within the anorthosite and are considered potentially economic.

Notes:

1. Resources have been classified in accordance with 2014 CIM definitions for Mineral Resources.

2. The Qualified Person for this Mineral Resources estimate is Ronald G. Simpson, P.Geo.

3. Mineral Resources are estimated for blocks containing less than 2.5% Na2O based on feedstock requirements.

4. Mineral resources are not mineral reserves and do not have demonstrated economic viability

Same Mine – Many Applications

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E-Glass Feedstock Paints/Plastics Filler Alumina Feedstock

• 2 stages of crushing

• Outdoor storage

• Ship to offshore facility

• High volume/lower

margin

• 3 stages of crushing

• Magnetic separation

• Covered storage

• Ship to end users

• Good volume/good margin

• 3 stages of crushing

• Magnetic separation

• Covered storage

• Ship to end users after fine

grinding offshore

• Lower volume/higher margin

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White Mountain Arial View

White Mountain

-Exposed Anorthosite

Mountain Top Easily Minable Area

Close to Deep Water

Fjord for Convenient

Shipping

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Mine Site

Proposed Pit Area/Upside Potential

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Pit View October 2014

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Planned Mine Site Close to Infrastructure

Deep water port being developed

International airport 80 km from the project located in the town of Kangerlussuaq

Year round access

Mine Site 10 km Road

Process Plant and Port

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Simple Mining Process

There is no metallurgical risk to this project –

processing is simple and there are no chemicals

involved

Open pit operation with no stripping and no

waste rock

The flowsheet for a production facility would be

as follows:

Crushing

Magnetic separation

Milling

Delivery to end users

Airport

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Greenland Process Flowsheet

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Project Highlights

Permitted mining project in Greenland

Over 100 years mine life based on current drilling

Unique orebody with no significant competitors

10 Year supply agreement with major fiberglass producer

Three potential revenue streams from one mine

Low capital cost to build mine ($30MM)

Simple mine processing translates to low operating costs and attractive

margins

Excellent infrastructure with deep water port

Low political risk. Greenland very supportive of mining

Cash flow potential starting 2017

Excellent opportunities to grow revenue stream