•  OGL Website Public Presentation v.16-11

HighQuality,LargeFlake,Near-TermGraphiteProducer

PublicPresenta.on

OGLWebsitePresenta/onv.16-11

KearneyMineProcessingFacility

•  OGL Website Public Presentation v.16-11

Disclaimer

No representa+onorwarranty, expressedor implied, ismade as to the accuracyor completeness of the informa+on contained in this presenta+on.Nothingcontainedhereinis,orshallberelieduponas,apromiseorrepresenta+onastothepastorthefuture.

This presenta+on may include or incorporate by reference certain “forward-looking statements” within the meaning of applicable securi+es laws.Statementsthatarepredic+ve,thatdependuponorrefertofutureeventsorcondi+onsorthatincludewordssuchas“expect”,“an+cipate”,“es+mate”,“contemplate”,“target”,“plan”,“con+nue”,“budget”,“schedule”,“may”,“will”,“should”,“intend”,“believe”areforward-lookingstatements.Forward-lookingstatementsarenotguaranteesoffutureresultsandperformancebutratherreflectourcurrentviewswithrespecttofutureevents.Resultsaresubjecttorisks,uncertain+es,assump+onsandotherfactors,andactualresultsandfutureeventsmaydiffermateriallyfromtheconclusions,forecasts,projec+onsorresultsan+cipatedintheseforward-lookingstatements. Becauseoftheserisksanduncertain+es,forward-lookingstatementsshouldnotbereliedon.Alloftheforward-lookingstatementsinthispresenta+on,expressorimplied,arequalifiedbythesecau+onarystatements.

Forward-lookingstatementsaremadeasofthedateofthispresenta+onbasedonavailableinforma+on.Certainassump+onswereappliedindrawingconclusionsormakingforecastsorprojec+ons.Althoughsuchassump+onsareconsideredreasonableasatthedateofthepresenta+on,theforward-lookinginforma+onisinherentlysubjecttosignificantbusiness,economicandcompe++veuncertain+esandcon+ngencies.Someofthematerialrisks,factors andassump+ons that could causeactual results todiffermaterially fromexpecta+ons include,butarenot limited to, ability to stakemineralclaims prior to compe+ng businesses, staking ofmineral claims on land unsuitable for development or landwhich does not encompass keymineralreserves, inability to raiseor allocate sufficient capital toperform intendedexplora+onanddevelopmentor tomaintainminimumyearlyexplora+onexpenses and consequent loss of mining claims, fluctua+ons in currency markets, fluctua+ons in spot and forward prices of minerals and othercommodi+es,changesinna+onalandlocalgovernmentlegisla+on,taxa+on,controls,regula+onsandpoli+caloreconomicdevelopmentsinCanadaandinterna+onally, other business opportuni+es thatmay be presented to or pursued, change inmanagement or control of the company, ac+vi+es ofcompe+ngbusinesses,opera+ngortechnicaldifficul+esinconnec+onwithmining,explora+onordevelopmentac+vi+es,employeerela+ons,availabilityandcostsofminingandexplora+oninputs,labourandequipment,risksofobtainingnecessarylicencesandpermits,diminishingquan++esorgradesofmineralreserves,abilitytomeetopera+onalexpenses,contestsover+tleorrighttoproper+esormineralclaims,conflic+ngaboriginallandclaimsandaboriginal rights, environmental regula+ons, the risks and hazards associated with mineral explora+on and development, environmental hazards,industrialaccidents,unusualorunexpectedgeologicalforma+onsorpressures,flooding, inaccessibilityof lands, inclementweathercondi+onsandtheriskofinadequateinsuranceorinabilitytoobtaininsurance. Wedisclaimanyinten+onorobliga+ontowithdraw,updateorreviseanyforward-lookingstatementswhetherasaresultofnewinforma+on,futureeventsorotherwise,excepttotheextentrequiredbyapplicablelaws.

Nopartofthispresenta/onisintendedtobedeemedanofferingofsecuri/estoinvestors.

2

•  OGL Website Public Presentation v.16-11

TheOntarioGraphiteOpportunity

LargestconfirmedgraphiteresourceinNorthAmerica,andoneofthelargestintheworld

−  51.5MtofIndicatedataveragegradesof2.14%Cg,and46.8Mtofinferredataveragegradesof2.00%Cg

Strongleadershipteam,withaverageof30yearsexperienceingraphiteandfinance

Strongfuturegraphitemarketfundamentals

-  Kearneyis+melybasedonincreasingsupply/demandgap

-  Demandgrowing(LED,LiBa_eries);supplystrained(Chinashut-downs;limitednewsizableprojects)

~9monthramp-up(aPerfunding)toproduc/onof22ktpa,at~2.2%Cgheadgrade

Substan/alupsidepoten/altoincreasecapacitybasedondemandandfasterresourceexploita/on

3

Seekingfinancingtocompletere-commissioningoftheworld-classKearneygraphiteproject,centrallylocated2.5hoursnorthofToronto,withallapprovalsandmajorityofinfrastructurealreadyinplace

Loca/on Resource People 1st-Mover FocusedonHighMargin

•  OGL Website Public Presentation v.16-11

Kearney–ExcellentLoca/onwithInfrastructureinPlace

●  Poli+callystable,first-ratecountry,withcloseproximitytomajorUSgraphitemarkets=dependableand+melydeliveryforUScustomers

●  PortsforshipmenttoEuropeancustomers

Ø  Torontotosite–270kmoffourlanehighway,30kmofpavedroad,10kmofallweatherloggingandminesiteroad

●  Areahasstrongpoli+calandcommunitysupportforminers,equipmentvendorsandavailablelabor

●  Transporta+oncostscanbekeptrela+velylow,withOGLendproductsdelivereddirectlytoend-users

4

Kearney Mine Property

(near Huntsville and Parry Sound)

KearneyMineProcessingFacility(InfrastructureinPlace)

Toronto

Buffalo

•  OGL Website Public Presentation v.16-11

KearneyClaimMap–SignificantUpsidePoten/al

●  Currentleasesarelocatedintwozones

Ø  The7miningleasesarecomprisedof26claims;allleasesineffecthavebeenrenewed(21yearterm)

●  Inaddi+onOGLcontrols29addi+onalac+veclaims

Ø  15areownedfreeandclear;14aresubjecttoroyaltyagreementswith2third-partyclaimholders

5

UnexploredClaimArea

Zone2

Zone1

Zone2●  4mining

leasescomprisedof4claims

Zone1●  3mining

leasescomprisedof22claims

•  OGL Website Public Presentation v.16-11

MineralInventory–LargestGraphiteResourceinN.America

●  Withthecurrentplantoprocess~1MMtonnesoforeperyear,thepropertyisexpectedtohavemorethan50yearsofminelife(illustratesacasefora>20minelife)

6

GolderAssociatesBlockModel(August2013)

MineralZone MetricTonnes Carbongrade(%)

Zone1:

IndicatedResources 51,505,894 2.14

InferredResources 28,393,361 2.00

Zone2:

InferredResources 18,427,547 2.00

Source:GolderAssociates,NI43-101TechnicalReportandAugust2013MineralResourceEs.mate;KearneyGraphitePropertyOntario,Canada

•  OGL Website Public Presentation v.16-11

TheRightLeadershipTeaminPlacetoExecuteonPlan 7

CoreTeam–Average30YearsExperienceWorkingforLeadingGraphite/IndustrialMineralsPlayers

TomBurkee(CEO)•  37+yearsofseniormanagementandsalesexperienceacrossNorthAmerica,EuropeandAsiaincarbonandgraphitesectors

•  Mostrecently,USVPofGraphiteMaterials&SystemsforSGLGroup

EllertonCastor(CFO)•  24+yearsofinvestmentbankingandprincipalinves+ngexperienceincludingextensiveworkasanM&AadvisortoavarietyofcompaniesintheAmericas,EuropeandAsia

•  OGL Website Public Presentation v.16-11

AllMajorPermitsinPlace

●  OGLhasallmajorpermitsinplaceandhaspassedtechnicalreviews,publiccommentperiods,andFirstNa+onsconsulta+ons;withMOUsinplacewithFirstNa+ons

●  FirstNa+onsbenefitagreementsbeingnego+ated&finalizedin-linewithMOUs

8

Permit Ministry IssuanceDate Approved

Closureplan NorthernDevelopment February2012

TemporaryPTTW(“PermittoTakeWater”) Environment June2012

Damdesign NaturalResources October2012

Archeologicalstudy Tourism&Culture November2012

Site-widePTTW Environment May2013

Site-widewaterenvironmentalcomplianceapproval Environment May2013

Site-wideair/noiseenvironmentalcomplianceapproval(amendedfordifferentgenerator)

Environment May2013

•  OGL Website Public Presentation v.16-11

Graphite101–ASuperMetal

●  Naturalgraphiteisanindustrialmineralwithmanyproper+esofa“SuperMetal”Ø  Excep+onalheatandelectricalconduc+vityproper+es(highmel+ngpointof3,650oC)

Ø  Asthermallyconduc+veascopperwith1/8ththedensity

Ø  Extremelyresistanttostrongacids,chemicallyinertandhighlyrefrac+ve

Ø  Outstandinglubrica+onproper+esduetothecrystallinestructure

●  Existsnaturallyinthreeforms:

9

•  Mostpopularfortechnicalapplica+ons(~40%ofthegraphitemarket)

•  Highestmarketgrowthpoten+al•  Highergrade–carbonrangeof80%-98%•  Flakesizerangesfrommicronsizeto2-3m•  Sizeisimportantcommercialconsidera+on

•  Leastvaluablebutmostabundant(~60%ofthegraphitemarket)

•  Carbonrangeof70%-75%•  Seammineralandtypicallyhigherinashbecauseouenassociatedwithandformedwithincoalseams

•  Environmentallyunfriendly

•  Rareandvaluable•  Trueveinmineral•  BesttypefoundinSriLanka•  Usuallyhighgradedeposits

Source:NaturalandSynthe.cGraphite:GlobalIndustryMarketsandOutlook;8thEdi.on,2012.Roskill

(SEMimage)

Vein/Lump Flake(Macrocrystalline) Amorphous(Microcrystalline)

•  OGL Website Public Presentation v.16-11

Graphite’sManyUsesCreatesSignificantDemandPoten/al 10

FuelCellPlates

Refractories

Fric/onMaterialsLubricants

FoilsandGaskets

Alkalinebaeeries

Li-ionMobilePhoneBaeeries

LeadAcidBaeeries

Crucibles

SuperCapacitors

Graphenes

Polymers

Li-ionEVBaeeries

2015CoreMarketSegmenta/on:NaturalFlakeGraphite

Refractories32%

EngineeredProducts26%

Lubricants19%

EnergyStorage13%

Polymers10%

LED’sThermallyConduc/vePlas/cs

ThermalManagement

NaturalFlakeGraphite:Tradi/onalMarkets

NaturalFlakeGraphite:EmergingMarkets

•  OGL Website Public Presentation v.16-11

Addi/onalUpsideinAutomobileSectorviatheLi-IonBaeery●  Theelectricandhybridautomobilemarketisexpectedtoincreasesubstan/allyby2020

●  Newdemandcreatedbythesevehiclescouldaddasmuchas~170,000tonnesofgraphitedemand

Ø  TheEV/HEVvehiclesareprojectedtouse~30-100kgofgraphiteanodematerialperunit.Thisrepresentslessthan1%ofthetotalvehiclecost.

Ø  Excludingothergraphitegrowthareas,the~170,000tonnescouldrepresentgrowthof~15%vs.2015consump/on

Ø  Addi+onalupsidedriversincludebuses,powertools,andcityebikes

11

Tesla NissanLeaf

ToyotaPrius BMWi8

0.7 0.91.2

1.72.2

3.2

4.2

5.6

0.0

2.0

4.0

6.0

8.0

2013E 2014E 2015E 2016E 2017E 2018E 2019E 2020E

MMso

fLi-ion

BatteryUnits

Hybridelectricvehicles(HEV) Plug-inelectricvehicles(PHEV) Batteryelectricvehicles(BEV)

ElectricandHybridAutomobileEs/mates

Sources:BasedonRoskillConversion:unitxkg÷1000kgpertonne

•  OGL Website Public Presentation v.16-11

OGLMiningandProcessing

●  Designedcapacityof~20ktpa(1MMtonnesore)atheadgradesof~2.2%Cg

●  An+cipated~20-yearmineplanbasedonconven+onalopenpitmethodsthatwillconsistofdrilling,blas+ng,loading,haulingandpitservicesonafull+mescheduleof16hours/dayx5days/week

●  Straightforwardsingle-productplanwithcrushing,grinding,flota+on,tailings,dewatering,productdryingandsizing,andbagging

Ø  Historicaldatasupportsrecoveriesof~90%,with94%-97%Cg

●  Amicronizingandpurifica+onareatobeassemblednearby

12

KearneyMineProcessingFacility BallMill Flota/onCells

•  OGL Website Public Presentation v.16-11

OGLProcessingFlowsheet–MajorityofEquipmentonSite 13

JawCrusher

PrimaryScreen

SAGMill

RoughFlota+on

BallMill

SecondaryScreen

1stCleanerFlota+on

2ndCleanerFlota+on

ConcentrateThickener

BeltFilter

TorbedDryer

DryerBagFilter

SiuerScreens

(-150µm) (-180µm+150µm) (-300µm+180µm) (+300µm)

ConcentrateBaggers

TailingsPond

KearneyMineProjectOntarioGraphiteLtd

PROCESSFLOWDIAGRAM

Ø  Highlighteditemsrequirefuturecapexspend,non-highlighteditemsarecurrentlysubstan.allyinplace

Ø  Addi.onalspendonelectricalgenera.on,distribu.on&control

LEGEND

=On-site&installedorreadyforinstalla+on

•  OGL Website Public Presentation v.16-11

BuyersWantConsistentandReliableSupply

Impacttobuyers

14

Diversifica/onfromChina

•  Avoiddelaysorin-transitdamagepoten+al

•  Reduc+oninworkingcapital•  OGLabletorunyearround(Chinaclosedforweather4+months/year)

•  Easiertoplanproduc+on•  ManagestorageandA/Pwithweeklytruckloads

•  Chinaproduceslimitedamountsoflargeflake(+50mesh)

•  Limitedlargescaleopera+onsproducinglargeflake

ImprovedOpera/onalEfficiency

SourceofConsistentPremiumFlake

•  Reduc+onindependenceonChina•  EliminateChinesequalityissues

•  Environmentalissues-shutdownsandsupplystrain

IncreasedSupplyReliability

WhatBuyersWant(OGLMeetsNeeds)

•  OGL Website Public Presentation v.16-11

WhyOntarioGraphite?

Loca/on–EasyAccesstoNorthAmericanEnd-UserMarket

Resource–LargestconfirmedgraphiteresourceinNorthAmerica,andoneofthelargestglobally

People–Strongexperienceanddeeprela/onshipsacrossthevaluechain.GreataccesstostrongMiningLaborMarket

First-moveradvantage–Canachieverobustmarketshare,throughlong-termrela/onships,annualcontractsandspotcontractswithNorthAmericancustomers

Focusedonhighmarginbusiness–Modeldevelopedtohave~+90%oftargetedbusinessinthehighmarginROMandMicronized/Value-Addbusiness

15

•  OGL Website Public Presentation v.16-11

TheOntarioGraphiteOpportunity

LargestconfirmedgraphiteresourceinNorthAmerica,andoneofthelargestintheworld

−  51.5MtofIndicatedataveragegradesof2.14%Cg,and46.8Mtofinferredataveragegradesof2.00%Cg

Strongleadershipteam,withaverageof30yearsexperienceingraphiteandfinance

Strongfuturegraphitemarketfundamentals

-  Kearneyis+melybasedonincreasingsupply/demandgap

-  Demandgrowing(LED,LiBa_eries);supplystrained(Chinashut-downs;limitednewsizableprojects)

~9monthramp-up(aPerfunding)toproduc/onof20ktpa,at~2.2%Cgheadgrade

Substan/alupsidepoten/altoincreasecapacitybasedondemandandfasterresourceexploita/on

16

Seekingfinancingtocompletere-commissioningoftheworld-classKearneygraphiteproject,centrallylocated2.5hoursnorthofToronto,withallapprovalsandmajorityofinfrastructurealreadyinplace

Loca/on Resource People 1st-Mover FocusedonHighMargin

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