Canadian Gold Exploration and Production Company · Q2 2018 This presentation contains...

transcript

Q 2 2 0 1 8

I N V E S T O R P R E S E N T A T I O N

T S X . V : M T O

Canadian Gold Exploration

and Production Company

Q 2 2 0 1 8

This presentation contains “forward looking statements” concerning the

business , operations and financial performance and condition of

Metanor Resources Inc. (Metanor). Forward-looking statements include,

but are not limited to, statements with respect to the future price of gold,

the estimation of mineral reserves and resources, the realization of

mineral reserves estimates, the timing and amount of estimated future

production, cost of production, capital expenditures, costs and timing of

the development of new deposits, success of exploration activities,

permitting time lines, hedging practices, currency exchange rate

fluctuations, requirements for additional capital, government regulation of

mining operations, environmental risks, unanticipated reclamation

expenses, timing and possible outcome of pending litigation, title

disputes or claims and limitations on insurance coverage. Generally,

these forward-looking statements can be identified by the use of forward-

looking terminology such as «plans», «expects» or «does not expect»,

«is expected», «budget», «scheduled», «estimates», «forecasts»,

«intends», «anticipates», or «does not anticipate», «believes» or

variations of such words and phrases or statements that certain actions,

events or results «may», «could», «would», «might» or «will be taken»,

«occur» or «be achieved». Forward-looking statements are subject to

known and unknown risks, uncertainties, and other factors that may

cause the actual results, level of activity, performance or achievements of

Metanor to be materially different from those expressed or implied by

such forward-looking statements, including but not limited to: risks related

to the integration of acquisitions; actual results of current exploration

activities; conclusions of economic evaluations; changes in project

parameters as plans continue to be refined; future prices of gold;

possible variations in ore reserves, grade or recovery rates; failure of

plant, equipment or processes to operate as anticipated; accidents,

labour disputes; delays in obtaining governmental approvals or financing

or in the completion of development or construction activities and other

risks of the mining industry. Although Metanor has attempted to identify

important factors that could cause actual results to differ materially from

those contained in forward-looking statement, there may be other factors

that cause results not to be as anticipated, estimated or intended. There

can be no assurance that such statements will prove to be accurate, as

actual results and future events could differ materially from those

anticipated in such statements. Accordingly, readers should not place

undue reliance on forward-looking statements. Metanor does not

undertake to update any forward-looking statements that are included in

this document, except in accordance with applicable securities laws.

All amounts are in CND dollars, unless otherwise stated.

Forward-Looking

Statements

BachelorOnly permitted Mill in the Urban-Barry camp

Modern infrastructure in place

Significant growth potential at depth

Access to newly defined Moroy zone

330,000 oz produced

Q 2 2 0 1 8

A Gold Company with

MULTI-PROJECT GROWTH POTENTIAL

BarryHighly prospective land package in heart of Urban-Barry camp

Newly defined high grade shear zones open in all directions

Bulk sample program planned in Q3-Q4 2018

Portal preparation underway

Multiple drill targets to follow up in 2018

MoroyGeologically comparable to Bachelor mine

Currently being drilled and expanding resources at depth and along strike

Potential to intersect with Bachelor trend and have large dilated zones at depth

Exploration drift from Bachelor mine will intersect first ore in March 2018

TSX VENTURE LISTING TSX.V:MTO

Shares outstanding as of March 25,

2018101.8 M

Options 3.2 M

Warrants 26.2 M

Fully diluted 131.2 M

Market capitalization $66.2 M @ $0.65

Debt $0M

Q 2 2 0 1 8

Capital Structure

WEXFORD CAPITAL LP

Shares: 12.46%

Part Dil: 17.60%

KIRKLAND LAKE GOLD

Shares: 12.05%

Part Dil: 17.05%

E. SPROTT

Shares: 11.91%

Part Dil: 16.13%

Van Eck

Shares: ±6.29%

Part Dil: ±9.14%

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