Cerro de Pasco Resources Inc · Cerro de Pasco Resources Inc. [ CSE : CDPR / 14 ] Cerro de Pasco...

Cerro de Pasco Resources IncJune 2019

Cerro de Pasco Resources Inc. [ CSE : CDPR / 1 ]

This presentation contains forward-looking statements within the meaning of the United States Private SecuritiesLitigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario)(together, "forward-looking statements"). Such forward-looking statements may include but are not limited to theCompany's plans for production on its properties, the overall economic potential, the availability of adequatefinancing and involve known and unknown risks, uncertainties and other factors which may cause the actual results,performance or achievements expressed or implied by such forward-looking statements to be materially different.Such factors include, among others, risks and uncertainties relating to potential political risks, uncertainty ofproduction and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in miningoperations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economicevaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequatefinancing on a timely basis, and other risks and uncertainties.

The Cerro de Pasco resource estimates presented in the presentation are detailed and discussed in the NI 43-101Report dated November 9, 2017. They are treated as historic information and have not been verified for economicevaluation by the Corporation. These are considered Historical Mineral Resources and do not refer to any category ofsections 1.2 and 1.3 of the NI 43-101 Instrument such as Mineral Resources or Mineral Reserves as stated in the 2010CIM Definition Standards on Mineral Resources and Mineral Reserves. A Qualified Person (within the meaning of NI43-101) has not done sufficient work to classify the historical estimate as current Mineral Resources or MineralReserves. The explanation lies in the inability by the QP to fully verify the data acquired by the various historicaldrilling campaigns and other sampling works. Further drilling would be required to upgrade or verity the historicalresources. However, the QP has read the documents pertaining to the description of the different methods used inthe historical evaluation of the Mineral Resources and is of the opinion they are reliable, but need to be updated tofully conform to the NI 43-101 or CIM norms. Furthermore, no Mineral Resources were calculated on the Excelsiorproperty since 2013.

Forward-looking Statement


▪ Cerro de Pasco Peruvian Project 3

▪ Capital Structure 12

▪ 2019 Catalysts 13

▪ Board of Directors & Management Team 14

Table of Content


Cerro De Pasco / Peru

Profits from this mine:

▪ Drove rapid development of the country’s capital, Lima at the turn of the 20th Century

▪ Funded the construction of the La Oroya smelter

▪ Funded the construction of the highest railway line in the world


Cerro De Pasco / Peru«The Largest Aboveground Mineralized Resources in the World»


Urban AreaProcessing

Plant

InactiveRaul Rojas Pit

Surface Rights “Parcel K”.

43 MT – Mineralized MaterialExcelsior Stockpile

65 MT – Mineralized MaterialQuiluacochaTailings


Cerro De Pasco/Recent RC Drilling Program

• 74 holes up to 90m deep. Average depth 60m• Total of 2,074 samples taken

Wireframe volumetric model constructed to determine tonnage


Cerro De Pasco In-Situ ResourcesIndicated Resources – Excelsior only

Tonnes of oreGrade Contained metal Market value of contained metal1 Market value of metal per tonne of ore1

lead (%) zinc (%) silver (g/t) lead (M lbs) zinc (Ml bs) silver (Moz) lead (M$) zinc (M$) silver (M$) lead ($) zinc ($) silver ($)13,747,663 0.74 1.65 64.62 224 500 28 258 800 483 19 58 35

TOTAL: 1,540 112

Inferred Resources – Excelsior only

Tonnes of oreGrade Contained metal Market value of contained metal1 Market value of metal per tonne of ore1

lead (%) zinc (%) silver (g/t) lead (Mlbs) zinc (Mlbs) silver (Moz) lead (M$) zinc (M$) silver (M$) lead ($) zinc ($) silver ($)

29,174,069 0.73 1.56 66.86 469 1,003 62 540 1.605 1.059 19 55 36

TOTAL: 3,204 110

1 Lead ($) per lb: 1.15Zinc ($) per lb: 1.60Silver($) per oz: 17.00

Conceptual Numbers – Excelsior onlyValue of ore per tonne ($) 110

Average overall LOM recoveries (conservative) 55% 60.50 (110 x 0.55)

Percentage TC/RC’s 24% 45.98 [60.50 x (1 – 0.24)]

NSR per tonne ($) 45.98

Mining cost ($/t) 1.79 44.19 (45.98 - 1.79)

Processing cost ($/t) 13.00 31.19 (44.19 – 13.00)

Environmental & Admin ($/t) 2.68 28.51 (31.19 – 2.68)

EBITDA per tonne ($) 28.51

EBITDA per annum (M$) at 10k tpd 102.3

+ The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by theIssuer or the writer. These are considered historical Mineral Resources and do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as Mineral Resources or Mineral Reserves as stated in the 2010 CIM Definition Standards on Mineral Resources andMineral Reserves. The explanation lies in the inability by the authors to verify the data acquired by the various historical drilling campaigns andother sampling works. The authors have read the documents pertaining to the description of the different methods used in the historicalevaluation of the Mineral Resources. The Issuer has not done sufficient work yet to classify the historical estimates as current MineralResources or Mineral Reserves. Therefore, the Issuer is in the opinion that the above quoted resources for the EMP cannot be relied upon.


Nearby concentrators Paragsha/San ExpeditoCurrently 6k tpd capacity with potential to increase up to 13k tpd


Nearby Oxyde Plant / Stockpile Operation


Stockpile Selective Mining Method

8m

8m

4m

Block volume8m x 8m x 4m = 256m3

Block weight256m3 x 2.5sg = 640t

Block value (NSR$)640t x $46 = $29,440


CDPR Resources

Metal Prices Assumption

$/t $/lb $/oz

Ounce conv. 0.0321507 Cu $6,612 $3.00 Ag $17.00

Zn $3,526 $1.60 Au $1,300

Pb $2,535 $1.15

Contained

CDPR Tonnes (M) Zn Pb Cu Ag g/t Au g/t Zn (Mlbs) Pb (Mlbs) Cu (Mlbs) Ag (Moz) Au (Moz) $/t in situ

EMP Indicated 13.8 1.65% 0.74% 0.00% 64.6 0.0 500 224 - 29 - 112

EMP Inferred 29.2 1.56% 0.73% 0.00% 66.9 0.0 1,003 469 - 63 - 110

QT Zn/Pb/Ag Potential 35.0 1.50% 0.80% 0.00% 50.0 0.0 1,157 617 - 56 - 101

QT Cu/Au Potential 30.0 0.00% 0.00% 1.00% 30.0 1.4 - - 661 29 1.4 125

Sub Total Stockpile and Tailings 107.9 1.12% 0.55% 0.28% 50.9 0.4 2,660 1,311 661 176 1.4 111

These estimates are detailed and discussed in the technical report titled The Excelsior Mineral Pile (EMP) and Quiulacocha Tailings (QT)

associated with the Cerro de Pasco Mine, Cerro de Pasco District, Altiplano Region, North-Central Peru dated July 24, 2018. They are treated

as historic information and have not been verified for economic evaluation by the Corporation. These are considered Historical Mineral

Resources and do not refer to any category of sections 1.2 and 1.3 of the Canadian Securities Administrator’s National Instrument 43-101 –

Standards of Disclosure for Mineral Projects (“NI 43-101“) such as Mineral Resources or Mineral Reserves as stated in the 2010 CIM

Definition Standards on Mineral Resources and Mineral Reserves. A Qualified Person (within the meaning of NI 43-101) has not done

sufficient work to classify the historical estimate as current Mineral Resources or Mineral Reserves. The explanation lies in the inability by the

Qualified Person to fully verify the data acquired by the various historical drilling campaigns and other sampling works. Further drilling would be

required to upgrade or verify the historical resources. However, the Qualified Person has read the documents pertaining to historical evaluation

of the Mineral Resources and is of the opinion that they need to be updated to fully conform to the NI 43-101 or CIM norms.


Cerro de Pasco Capital StructureNumber of Shares

Issued 253.2M *

Warrants / Options 12.1M

Fully Diluted 265.3M

Market capitalisation ~$80M

Shares held by insiders 128.8M

Shares held in escrow * 176.3M

Release DatesPercentageto be Released

Number of sharesto be Released

InsidersNumber of sharesto be Released

November 1, 2018 2% 3.5M 2.6M

February 1, 2019 5% 8.8M 6.4M

August 1, 2019 15% 26.5M 19.3M

February 1, 2020 15% 26.5M 19.3MAugust 1, 2020 15% 26.5M 19.3M

February 1, 2021 15% 26.5M 19.3M

August 1, 2021 15% 26.5M 19.3M

February 1, 2022 the remaining escrowed securities

31.5 M 23.3M

*176.3 M Shares were issued to the former securityholders of Cerro de

Pasco Resources pursuant to the Merger are held in Escrow:


2019 Catalysts

▪ Execute an agreement to use the nearby milling and processing facilities

▪ Acquire the surface rights on “Parcel K”.

▪ Complete Environmental Impact Assessment study.

▪ Conduct metallurgical testing and bulk-sampling.

▪ Initiate drilling to confirm geological resources NI43-101.

▪ Complete internal engineering studies.


Cerro de Pasco – Directors & Management

Steven A. Zadka – Executive ChairmanSteven Zadka is a visionary entrepreneur and a metals and mining investment banker with over 15 years of transactional and executive management experience in Latin America, USA and Canada. Steven has the ability to find and discern value through extensive quantitative and qualitative research. He has held senior positions at Adar Capital Advisors, Casimir Capital LP, and Mine Management. Steven is the founder of Cerro De Pasco Resources SA and was President until October 2018. Steven acquired a BSc. in Finance and Real Estate development from Bernard Baruch College in New York.

Guy Goulet – CEO & DirectorMr. Goulet graduated from Ecole Polytechnique de Montréal in 1986 in geological engineering. He has been active in the mining sector for more than 30 years. In 1996, he was co-credited for the restart of the Wrightbar gold mine in Val d'Or, Quebec. In parallel, he has conducted with the collaboration of Hydro-Québec (LTD division) and Group STAS the only project leading to the production of lithium metal from high purity lithium carbonate. In 2000, he co-founded H2O Innovation, the largest water treatment company in Canada which he later served as president and chairman until 2008. Later in 2008, he founded Maya Gold & Silver and was co-credited for the restart of the historic Zgounder silver mine in Morocco while serving as CEO. Over the course of his career, Guy has raised over $150 million in equity capital for the purpose of advancing associated public companies.

Manuel Rodriguez Mariategui – Executive Director – DirectorManuel a Peruvian mining executive with more than 20 years of experience in the mining sector. He leads the board of directors of Austria Duvaz, a company with over 100 years of mining history and over 700 workers. He is also CEO of Minera Valor, Executive Director of a Peruvian Aquaculture Company and President of the Investment and Risk Committee of Inversiones Don Lizandro. Manuel has succeeded in taking these companies to the forefront of technology, increasing its value through high productivity, as well as social and environmental responsibility.

David Shaw, Ph.D – DirectorSince completing his doctorate in 1980, Mr. Shaw has worked both in the technical and financial communities within the resources industry. Seven years were spent with Chevron Resources in Calgary and Vancouver, employed initially as an in-house structural consultant on both metal and hydrocarbon exploration programs and then as a member of a hydrocarbon project financial evaluation team. Upon leaving Chevron, he initiated and developed the Resources Research Group at Charlton Securities Ltd., Calgary before assuming the position of Senior Mining Analyst, Corporate Finance, at Yorkton Securities Inc. in Vancouver. Throughout Mr. Shaw’s career, he has built strong relationships with European financial institutions and the global mining community. He is currently director and interim CEO of First Mining Gold Corp. and director of Cerro de Pasco Resources, First Majestic Silver Corp., Great Quest Fertilizer and Medallion Resources Limited.

Robert Boisjoli, CFORobert Boisjoli, is a Fellow Chartered Professional Accountant, with over 30 years of operational and advisory experience. Mr. Boisjoli is currently the Chief Executive Officer of AKESOgen, Inc., an integrated genomics services company. He is also Chairman of Palos Management Inc. and managing director of Atwater Financial Group, a company specializing in mergers and acquisitions, and a partner at Robert Boisjoli & Associates S.E.C., a consulting firm specializing mainly in business valuations. Robert has been the founder of two life science companies where he has acted as Chief Financial Officer, Chief Operating Officer and Chief Executive Officer. Mr. Boisjoli sits on the boards of directors of various public and private companies where is he is also the audit committee chairman. He was also an investment banker with various Canadian securities’ firms. Mr. Boisjoli also is a Board Member of various not-for-profit organizations in the community and within the profession.


John G. Booth LLM – DirectorJohn G. Booth has 30 years of international experience in finance, law, ESG and corporate governance of natural resource investments. He holds a Bachelor of Science in biology and environmental science, Canadian and US law degrees, and a Masters in international finance, tax and environmental law. He has worked as a lawyer, investment banker, broker, strategy consultant and fund manager with firms including Merrill Lynch International, ICAP, CEDEF and ABN AMRO, CIBC, World Bank, Climate Change Capital and Conservation Finance International. Most recently he served as chairman and CEO of Midpoint, an international payments business which he co-founded and listed via RTO on the TSXV. Currently he serves as chairman of Laramide Resources (ASX/TSX) and European Electic Metals (TSXV), and is non-executive director and head of the audit committee of Cub Energy (TSXV) and Genius Properties (CSE) and is a guest lecturer on ESG at Kings College, University of London. He leads the Audit Committee.

Frank Hodgson – DirectorFrank Hodgson has over 30 years’ experience in the Central London residential property market as a developer and investor. Mr. Hodgson’s years of experience in the Central London residential market started in the 1980’s Docklands boom, trading hundreds of properties as a principal. Mr. Hodgson then pioneered the ‘Swale Project’ a major scheme in Kent with partners, Bovis, Medway Port Authority, Bowater and UK Paper. Mr. Hodgson is now a corporate investor via Small Private Equity Companies based in Mayfair London.

Keith Philip Brill – DirectorKeith Philip Brill has been a management consultant with Gartner, Inc. (NYSE: IT), the world’s leading research and advisory company, since 2016. Prior to joining Gartner, Inc., Mr. Brill was a principal consultant for PA Consulting Group, Inc., a leading UK-based global consulting firm. Keith received an International Master of Business Administration (IMBA) from the Moore School of Business, University of South Carolina in May 2005. He graduated from the South Carolina Honors College, University of South Carolina in May 2003 with a Bachelor of Science, magna cum laude, major in Economics and Finance, minor in Spanish.

Neil T. Ringdahl – Technical AdvisorNeil is a South African mining engineer with 25 years’ executive and operations experience in Latin America, Africa and Europe. He has a strong technical and project management background in both open pit and underground hard rock mining environments. He has held senior and executive management positions with both public and private companies including Anglo Platinum, Golden Star Resources, Volcan Companía Minéra, Korea Zinc. More recently Neil Ringdahl waspreviously COO of Orvana, and is currently also the COO of Ascendant Resources. Neil acquired his BSc. Engineering Honours (Mining), from the University of the Witwatersrand (Wits), in Johannesburg South Africa.

Diederik Duvenage – Project ManagerDiederik is a South African mining engineer with 24 years’ mining experience in Latin America and Africa. He has a strong technical and project management background in both open pit and and open cast mines. He has held senior and executive management positions with both public and private companies including Tahoe Resources (Shahuindo Mine and Escocal Mina San Rafael), Stracon, Apogee Silver, Ancash Mines , Volcan Companía, Golden Star Resources.

Cerro de Pasco – Directors & Management (cond’t)


FOR A BETTER FUTURE

203 – 22 Lafleur Av. N Av. Jorge BasadreSaint-Sauveur, Québec No. 607, Of. 308-327J0R 1R0, CANADA San Isidro, Lima - PERÚ +1.579.476.7000 +1.51 .712.3731 or 712.3729









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