Chile Explore CongressSpeaker: Stephen Nano President & CEO TSX.V: MRZ

13 – 14 August 2014

→ Presentation 2 : Gorbea Gold Belt & Rubi Copper projectsNew targets in a mature terrane

→ Presentation 1: Project Generator JV Business Model Risk management for exploration success

2| MRZ: TSX-V

Cautionary StatementThis presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other thanstatements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events ordevelopments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are nothistorical facts and are generally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”,“projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Informationinferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forwardlooking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Althoughthe Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitationand exploration successes, and continued availability of capital and financing, and general economic, market or business conditions.Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differmaterially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates andopinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and requiredby Canadian securities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), the US Securities andExchange Commission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits inthese categories will ever be converted into reserves.

Stephen Nano, President and CEO for the Company and a “Qualified Person” under National Instrument 43-101, has reviewed andapproved the scientific and technical information in this presentation.

MIRASOL RESOURCES

Project Generator JV Business ModelRisk management for exploration success

→ Project Generator Business Model - How does it work? Does it deliver?

→ Project Generator technical example of portfolio buildingSanta Cruz Argentina

4| MRZ: TSX-V

Project Generator Joint Venture Business Model: Elements

• Spread risk across multiple projects Improving potential for shareholder returns

• Lower burn rate by accessing JV partner capital Conserving share structure

• Focus intellectual capital of project generator on generation Creating new business opportunities (projects)

• Leveraging diverse skill sets Access expertise & technology of JV partners

Does this business model deliver?

5| MRZ: TSX-V

Project Generators – Does this industry sector deliver value?20 project generator companies spanning 22 years on market

• Today’s combined market cap of $1.645 billion CAD Retained value in difficult market. • Equity Raised $995.6 million CAD Strong capacity to raise capital (good project & people).• Current working capital $285 million CAD Well funded companies.• Returns to share holders (sale proceeds shares + cash) $1.038 billion CAD Sale on success (discovery)• 5 of 20 companies have sold assets. Total value realized $1.363 billion CAD Demonstrated value creation. • Market Cap + Returns to Shareholders - Equity Raised = $1.687 billion CAD value creation

CompanyAltius Minerals Corp.Almaden MineralsAzimut Exploration Inc.Eurasian Minerals Inc.Midland Exploration inc.Millrock Resources Inc.Miranda Gold Corp.Mirasol Resources Ltd.Renaissance Gold Inc.Riverside Resources Inc.Strategic Metals Ltd.Globex Mining Enterprises Inc.Virginia Mines Inc.Kaminak Gold Corp.Evrim Resources Corp.Aurion Resources Ltd.Lara Exploration Ltd.Estrella Gold Corp.Solitario Exploration & Royalty Corp.Reservoir Minerals Inc. Information generously provided by Kyle Mclean & Alex Ruggieri of Haywood Securities

Please see full disclaimer in appendix of this presentation. This chart information is not a solicitation for

the purchase of securities, an offer of securities, or intended as investment research or advice

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6| MRZ: TSX-V

Trading symbol: TSX.V: MRZMarket capitalization (CAD): (July 1st 2014) $53.1 millionShares issued and outstanding: 44,245,661Warrants: N/ABrokers compensation: N/AStock options: 3,697,800

Fully diluted: 47,943,461Cash + Shares (CAD): Cash: $19.3 millionShares: 1.1 million shares Coeur Mining (July 1st 2014)

$29.8 million

• TSX:V IPO 2003 +10yrs - Conservative capital structure

• Well funded – Approx. $29.8M CAD (Cash & Shares)

• 2 Silver discoveries Joaquin & Virginia Santa Cruz Argentina

• December 2012 sold 49% interest in Joaquin for US$30 million & 1.3 million Coeur shares (at time transaction approx. value of US$60 million)

• High-calibre project portfolio: 33 projects Chile & Argentina → 10 drill-ready

• Rubi JV First Quantum Minerals copper-gold porphyry Chile• Five Headline Projects – large mineral system / multiple targets / drill-ready

Mirasol Market Information – July 2014

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Discovery to DevelopmentRisk Management & Value Creation

Understanding our Business DriverThe Mirasol JV model

• The Mirasol model is to de-risk projects to drill-ready status before JV

• Improves the discovery rate

• Achieves stronger JV deal terms

• Attracts high-calibre JV partners

• Counterbalanced by additional spend to achieve drill-ready status

Decreasing risk ratio

Incr

easi

ng V

alue

$

100/1 10/1 11000/1

Generative concept

Generative target

Projectgeochem anomaly

Projectresource

Project Feasibility

Mine development

Mine commissioning

Operating mine

Projectdrill targets

Projectdrill

intersections

Mirasol ResourcesJV Business Model

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Mirasol Project Generator: Conserve Capital Structure

• Drilling under JV increased the share price / decreased dilution

• Discovery reduced the cost of capital

• Discovery reduced share dilution

• 2011 last raising cost of capital is approx. 1/10th pre-IPO raisings

• December 2012 Sale of 49% interest in Joaquin for US$30 million & 1.3 million Coeur mining shares

Currently exploring for discovery with minimal shareholder dilution with funds from Joaquin sale

Reducing dilution/ 4 projects drilled under JV ≈ 15,500m to 2008

Increasing Capital raised

2004 2005 2006 2007 2009 2010 2011

IPO

2009-10 Joaquin & Virginiadiscoveries reporteddrill results

Joaquin

Sale

Since December 2012Exploring with minimalshare dilution

WEIGHTED AVERAGE SHARE PRICE $CAD (INCLUDING EXERCISED WARRANTS)

Project Generator JV Business ModelRisk management for exploration success

→ Project Generator Business Model - How does it work? Does it deliver?

→ Project Generator technical example of portfolio building

10| MRZ: TSX-V

250 500

Long Term Focus on Two Highly Prospective Terranes

• Leveraging off in-house discovery history / terrane knowledge

• Building reiterative knowledge base

• On-ground operational advantage

• Compatibility with exploration technologies

• Open ground fits project generation model

• Two countries: diversified sovereign risk

• Commodity & terrane branding

BuenoAires

PERU

BOLIVIA

PARAGUAY

BRAZIL

URUGUAY

MendozaSantiago

0

Nth CHILE Tertiary HSE & PCD program

SANTA CRUZ Jurassic LSE &

ISE program

Kilometres

Improved success rate & operational efficiencies

Exploration Advantage

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• Highly prospective, under-explored epithermal Au/Ag terrane

• 2003, 50% of prospective stratigraphy pegged by competitors

Mirasol Advantage • In-house track record for

discovery in province (Cerro Negro / Don Nicolas)

• Acquisition of regional historic geochemical database

• Exploration advantage with new technology- ASTER mineral mapping

Processed & targeted 31 ASTER Satellite scenesSystematic ground follow-up

Santa Cruz Jurassic Epithermal Province

San Jose

Cerro Negro

Manchuria

Lejano

Manantial Espejo

Martha Mine

Cerro Vanguardia

2003 Tenement Aster Scenes

Aster AlterationJurassic Chon AikeVolcanics

Advanced ProjectsMine/Resource

Targeting Underexplored Terrane 2003 :

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By 2012 Mirasol had:

Secured 25 projects: ~15% of outcropping permissive stratigraphy with epithermal mineralization

Evolved exploration strategy:

• ASTER outcropping systems

Two Silver Discoveries:

• Joaquin• Virginia

6 high calibre drill-ready projects for JV or in-house drilling

Headline Projects: Claudia, La Curva, Virginia

Santa Cruz Jurassic Epithermal Province 2012:

San Jose

Cerro Negro

Cap Oeste

Manantial Espejo

Martha Mine

Virginia Curva

Cerro Vanguardia

Claudia

Cerro Morro

Don NicholasCalandrias

Jurassic Chon AikeVolcanics

Mirasol Tenements

2003 Tenement

Aster Scenes

Aster AlterationMirasol Drill ProjectsMine/Resource

Emerging Mining Region

• Complex targeting with in-house geophysics covered systemsPinguino

Joaquin

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Rio SecoNew drill targets defined

R T P G r o u n d M a g n e t i c s

CilineNew prospect

AngloGold AshantiVanguardia Vein Field

Laguna Blanca

Ailen

Curahue South

Mirasol Claudia Cateo – 129 333 Ha

Cerro Vanguardia8.1 Moz Au & 117 Moz Ag

Claudia Gold & Silver – Santa Cruz ArgentinaExtension of AngloGold - Ashanti Cerro Vanguardia Vein System & Mine

• 5 epithermal prospects with extensive surface & trench gold-silver results

• New drill targets defined by geophysics/rock chip assays at 14 km long Curahue trend & Rio Seco vein zone

HighLow

Magnetic Grid

Gold EquiliventAu + Ag / 55 (g/t)

LEGEND

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• Strategic project in new gold district

• Four large gold-silver prospects identified / no previous drilling

• Potential for high-grade & bulk mineable gold mineralization

• 6 km long La Castora trend with 3 separate drill targets defined by gold-silver assays /

geology & geophysics

• Drill-ready targets at Chato, Arthur & Southwest prospects

La Curva Gold & Silver – Santa Cruz ArgentinaNew District / Four Prospects / No Drilling

Mirasol La Curva – 36 600 Ha

15| MRZ: TSX-V

Generator JV Model • Can delivered value to investors• Access to exploration capital with minimum share dilution• Shares risk & geological uncertainty• Accelerate discovery through multiple, parallel JVs • Focus Mirasol’s human capital on what we do best (project generation)• Access to expertise & sources of funds for later development stages

Mirasol Resources – Well funded– Conservative share structure – 2 discoveries – 5 headline projects – Strong JV with First Quantum Minerals at Rubi

Why Mirasol uses the Joint Venture Model

Mirasol is primed for the next discovery

16| MRZ: TSX-V

Appendix : DisclaimerImportant Haywood Securities Notice & Disclaimer: This chart information is not a solicitation for the purchase of

securities, an offer of securities, or intended as investment research or advice. The information presented, while

obtained from sources we believe reliable is not guaranteed against errors or omissions. For Canadian residents:

Haywood Securities Inc. is a Canadian registered broker-dealer and a member of the Investment Industry Regulatory

Organization of Canada, the Toronto Stock Exchange, the Toronto Venture Exchange and the Canadian Investor

Protection Fund. For U.S. residents: Haywood Securities (USA) Inc. is a wholly owned subsidiary of Haywood

Securities Inc., registered with the U.S. Securities and Exchange Commission, and is a member of FINRA and the

Securities Investor Protection Corporation (SIPC).

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CompanyAltius Minerals Corp.Almaden MineralsAzimut Exploration Inc.Eurasian Minerals Inc.Midland Exploration inc.Millrock Resources Inc.Miranda Gold Corp.Mirasol Resources Ltd.Renaissance Gold Inc.Riverside Resources Inc.Strategic Metals Ltd.Globex Mining Enterprises Inc.Virginia Mines Inc.Kaminak Gold Corp.Evrim Resources Corp.Aurion Resources Ltd.Lara Exploration Ltd.Estrella Gold Corp.Solitario Exploration & Royalty Corp.Reservoir Minerals Inc.

Chile Explore CongressSpeaker: Stephen Nano President & CEO TSX.V: MRZ

13 – 14 August 2014

→ Gorbea Gold Belt & Rubi Copper projects New targets in a mature terrane

→Project Generator JV Business Model Risk management for exploration success