Corporate Presentation - April 2019 - Veta Resources

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Corporate Presentation - April 2019 - Veta Resources
Corporate Presentation
April 2019
Corporate Presentation - April 2019 - Veta Resources
Disclaimer
This presentation (in this projected form and as verbally presented) (Presentation) is provided on the basis that neither Veta Resources
Inc. (Veta), nor its officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisors make any
representation or warranty (express or implied) as to the origin, validity, accuracy, reliability, relevance, currency or completeness of the
material contained in the Presentation and no responsibility is taken for any errors or omissions. Nothing contained in the Presentation is,
or may be relied upon as, a promise, representation or warranty, whether as to the past or the future. Veta excludes all warranties
(including implied warranties) and all liability that can be excluded by law for any loss, claim, damage, cost or expense of any nature
(including that arising from negligence) arising out of the Presentation (or any accompanying or other information) whatsoever, nor by
reason of any reliance upon it. Veta accepts no responsibility to update any person regarding any inaccuracy, omission or change in
information in this Presentation or any other information made available to a person or any obligation to furnish the person with any further
information. The Presentation contains "forward-looking statements". Where the Presentation expresses or implies an expectation or
belief as to future events or results, such expectation or belief is expressed in good faith and is believed to have a reasonable basis.
However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ
materially from future results expressed, projected or implied by such forward looking statements. Such risks include, but are not limited
to, price volatility, currency fluctuations, increased production costs and variances in ore grade, recovery rates or other matters from those
assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. Veta does not
undertake any obligation to release publicly any revisions to any "forward-looking statement" to reflect events or circumstances after the
date of the Presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Statements relating to reserve and resource estimates are expressions of judgment, based on knowledge and experience and may
require revision based on actual production experience. Such estimates are necessarily imprecise and depend to some extent on
statistical inferences and other assumptions, such as metal prices, cut-off grades and operating costs, which may prove to be inaccurate.
Information provided relating to projected costs, capital expenditure, production profiles and timelines are expressions of judgment only
and no assurances can be given that actual costs, production profiles or timelines will not differ materially from the estimates contained in
this Presentation. All persons should seek appropriate professional advice in reviewing or considering the Presentation and all other
information with respect to Veta and evaluating the business, financial performance and operations of Veta. Neither the provision of the
Presentation nor any information contained in the Presentation or subsequently communicated to any person in connection with the
Presentation is, or should be taken as, constituting the giving of investment or financial product advice to any person in respect of dealing
in Veta securities, and no such information should be taken to constitute a recommendation or statement of opinion that is intended to
influence a person in making a decision to deal in Veta securities. This Presentation does not purport to contain all of the information that
may be required to evaluate all of the factors that would be relevant in determining whether to deal in Veta securities, including but not
limited to any person's objectives, financial situation or needs. Each person must not rely on the information provided but should make,
and will be taken to have made, its own investigation, assessment and analysis of the information in this Presentation and other matters
that may be relevant to it in considering whether to deal in Veta securities. The information contained in the Presentation is not intended to
be an offer for subscription, invitation or recommendation with respect to the shares in any jurisdiction and neither this document nor its
contents shall form the basis of any contract or commitment Veta owns the copyright in this Presentation.

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Corporate Presentation - April 2019 - Veta Resources
Management
Brian Jennings, BSc. CPA – Director, President and CEO
• Extensive experience in executive positions with companies in multiple industries
• CFO and Director of Soltoro Ltd acquired by Agnico Eagle June 2015 / Director Pine Point Mining
  acquired by Osisko Metals December 2017
• Formerly Vice-President Corporate Restructuring at Ernst and Young
• Chartered Accountant combined with Bachelor of Science degree (Geology)

Michael Corey P.Geo – Director, Vice President Exploration
•   35 years of global mineral exploration experience involved in projects from discovery to feasibility
•   Former Country Manager Indonesia and Exploration Manager South America for MMG Ltd.
•   Senior Mining Analyst – Tollcross Securities
•   Senior Geologist – Underground Exploration, Grasberg, Indonesia, Freeport-McMoRan
•   Registered Professional Geoscientist APGO

Patrick Burns – Advisory Board and Technical Consultant
• 35 years managing mineral exploration programs in Canada, and South and Central America
• First project manager of the exploration team which discovered the Escondida copper porphyry project
  in Chile.
• Integral in discovery of San Cristobal epithermal gold deposit in Chile, and the Sustut copper deposit in
  British Columbia
• Initiated first comprehensive regional exploration program for Au-Ag deposits in the Southern Chile
  Coastal Belt in mid-1990’s.

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Corporate Presentation - April 2019 - Veta Resources
Independent Directors
Steve McIntyre – Director
• 30 years of experience in the mining and mineral exploration business – 10 years with Noranda and 20
  years as an officer and director of several junior exploration companies
• Former Chairman and Director of Trelawney Mining and Exploration Inc. – acquired by IAMGOLD in
  June 2012 for $608 million

Chris Irwin – Director
• Managing partner of Irwin Lowy LLP specializing in securities and corporate/commercial law in the
  resource sector
• Former director of Trelawney Mining and Exploration Inc. – acquired by IAMGOLD in June 2012 for
  $608 million / former director of Southern Star Resources Inc., which was formerly listed on the TSX
  prior to becoming Gold Eagle Mines Ltd. and being taken over by Goldcorp Inc. in a $1.5 billion
  transaction

Albert Contardi – Director
• 15 years of legal, investment and capital markets experience advising a broad range of clients,
  including both senior and junior issuers, underwriters, agents, selling security holders, entrepreneurs
  and private corporations
• Former Vice President of Corporate Finance and Compliance at an exempt market dealer, where his
  responsibilities included advising on public and private equity and debt financings, public listings,
  mergers and acquisitions and other corporate transactions

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Corporate Presentation - April 2019 - Veta Resources
Property Location – Chile

JOY Properties                                                                 SANTIAGO
• 125 km south west of Yamana’s Minera
                                                        Yamana
  Florida operating mine                                 Minera
• 200 km southwest of Santiago                        Florida Mine

• 56 km2 under option and 59 km2 100%
  owned
• High grade polymetallic veins
                                                                  JOY
                                                               Properties
Roy Property
•   105 km south of the JOY Project
•   100% owned                                                  Fresnillo
•   18 km2                                                     Claims 2018        LOS
•   Porphyry Copper Opportunity                                                  ANDES

                                                        TALCA
Quilvo Property                            ROY
                                         Property
•   140 km south of the JOY Project
•   100% owned
•   16 km2                                           Quilvo
                                                    Property
•   High Sulphidation Au Opportunity
                                                                            Veta Properties

                                                                       3rd Party Properties

                                                                                         5
Corporate Presentation - April 2019 - Veta Resources
Year Round Exploration
•   Altitude: maximum 500 meters
•   Access: excellent – available roads
    provide direct access
•   Temperature: 4 Celsius winter, 30 Celsius
    summer
•   Rainfall: 4 mm per month summer, 146 mm
    per month winter. No snowfall

                                                6
Corporate Presentation - April 2019 - Veta Resources
Dominant Land Position – 115 km2

• JOY West: Veta has earned 85%
                                                             JOY
  / US $100K December 2019 earns                             West

  100% / 1% NSR buyable for
  US $750K first 4 years and US $1                            JOY
                                                              East
  million thereafter
• JOY East: combined option             La Negrita
                                           Mine
  payments of US $570K by
  February 2022 earns 85% / 15%
  carried to commencement of
  feasibility / 15% may be converted                                  Veta
                                                                      100%
  to 2% NSR buyable for US $2                                        Owned

  million
• Veta: 100% owned properties                    3rd Party
                                                  Owned

• La Negrita Mine: 3rd Party
  owned (10tpd) with high-grade
  veins that reportedly average 12g/t
  Au and ~100g/t Ag with up to 40
  g/t Au

                                                                             7
Corporate Presentation - April 2019 - Veta Resources
Polymetallic Quartz Veins

• Extensive system of
  polymetallic mineralized
  quartz veins occur
  proximal to the granite-
  sediment contact
• Veins are structurally
                               Granite
  controlled with individual
  veins up to 5 m wide
  along 25 km contact
• Electrum identified in
  narrow veins
• Vein characteristics
  similar to Yamana
  Minera Florida Mine 125                Sediment
  km to the north
• No detailed exploration
  or previous drilling

                                                    8
Corporate Presentation - April 2019 - Veta Resources
JOY East – Phase I Sampling
Surface Rock Sampling:
•   59 samples
•   Up to: 48.69 g/t Au, 629
    g/t Ag, 3% Zn, 1.7% Pb,
    and 0.26% Cu
•   Average: 8 g/t Au, 90 g/t
    Ag, 1,200 ppm Zn, 962
    ppm Pb, 198 ppm Cu,
    and 9.5 g/t AuEq
•   Visible electrum/gold
    observed in quartz vein in
    granite. Assay of – 13kg/t
    Au and 2,680 g/t Ag
•   Three principal vein
    systems identified -
    inferred combined strike
    length of 3.2 km

                                 9
Corporate Presentation - April 2019 - Veta Resources
JOY West – Phase I Sampling

Surface Rock Sampling:
•   13 surface rock samples                          Vein System
                                                     10 km Strike
•   Up to: 9 g/t Au, 16.8 g/t Ag                        Length

•   Average: 2.65 g/t Au, 5 g/t    La Negrita Mine
    Ag
•   Vein system extends 10 km
    to northwest

                                                                    10
Phase II Program - Regional Sampling and Mapping

Phase II Surface Rock
Sampling
• 353 surface rock samples
                               Priority Target Area - initial 2,600m
• 55  3.0 g/t AuEq           drill program planned for high-grade
• 96  0.5 g/t AuEq                   vein targets in Q2 2019

• 25km total combined
  length of vein systems

Priority Target
• JOY East and West Area
• Initial geophysics and
   trenching complete            25km of vein
                                   systems
• Drilling 2,600m - Q2 2019

4 Secondary Target Areas
Identified
•  0.5 g/t AuEq (and
   associated Ba, Sb)

                                                                       11   11
JOY Property Magnetic Survey Area
RTP 1st Vertical Derivative Image                                                                  Interpreted Fault

                       Trend of Polymetallic
          La Negrita   Quartz Vein Systems

                                                                 •   Drone Magnetic Survey – 101 line km survey
                                                                     at 50m line spacing over area of planned
                                                                     initial drilling
                                                                 •   Survey identified additional structures
                                                                     prospective for polymetallic veins
                                                                 •   High Mag zones occur in sediments proximal
                                                                     to the granite contact
                                                                 •   Anomalous gossan boulders observed with
                                                                     up to 400 ppm Cu and 800 ppm Zn, Pb
                                        Potential for Sediment
                                        Hosted Mineralization        indicating potential for sediment-hosted
                                                                     mineralization
                                                                                                               12
JOY Property: 4 Priority Drill Targets

                         2

                                               3                 4
      1

                Initial 2,600m drill program planned to test 4
                 priority high-grade vein targets in Q2 2019

                                                   Target Area

                                                                     13
JOY Property: Priority Drill Target 1
•   Area of multiple high grade quartz
    veins over a zone 600 m along
    strike                                    La Negrita
                                             Mine - 10 tpd
•   Surface samples of vein material
    returned assays up to: 8.53 g/t Au,
    11.2 g/t Ag & 7.56 g/t Au, 16.8 g/t Ag
•   Trenches completed over 300m of
    vein strike length. Multiple veins
    identified within 75m wide zone of
    altered granite
•   Trench sampling returned: 6.92g/t Au
    over 1m; 2.88g/t over 2m; 1.42g/t Au
    over 12m (incl 3.53g/t Au over 3m)
•   La Negrita Mine 150m north of
    property boundary (10tpd) with high-
    grade veins that reportedly average
    12g/t Au and ~100g/t Ag with up to 40
    g/t Au
•   Drill program: 6 hole / 900m initial
    program to test veins over 300m
                                                             14
JOY Property: Priority Drill Target 2
•   Area of multiple high-grade quartz
    veins over zone 100m wide x 250m
    in length
•   Surface samples of vein material        Electrum in 15cm
                                            wide quartz vein
    returned assays up to:
     • 13kg Au, 63 oz Ag as electrum
        from 15cm wide quartz vein
     • 26.76 g/t Au, 31.8g/t Ag from vein
        material 250m along strike from
        electrum sample
•   Antonia Audit: underground
    exploration by property owner
    intersected 21g/t Au, 70g/t Ag from
    1.5m wide vein
•   Trench sampling returned 6.5g/t Au                          Antonia Adit
                                                               21g/t Au, 70g/t
    over 5m, incl. 21.85 g/t Au, 25g/t Ag                      Ag over 1.5m
    over 1m
•   Drill program: 5 hole / 750m initial
    program to test veins over 200m

                                                                                 15
JOY Property: Priority Drill Target 3

•   Area of multiple high-grade
    quartz veins over 200m wide
    zone

•   Surface assays up to 48g/t Au
    & 362 g/t Ag from vein
    material with 250m strike
    length at surface.

•   Drill Program 4 hole / 600m
    initial program to test veins

                                        16
JOY Property: Priority Drill Target 4
•   Area of multiple high-grade
    quartz veins over area 50m
    wide and 150 in length

•   Surface samples of vein
    material returned assays up to
    12.55g/t Au, 629g/t Ag

•   Trench channel sampling
    returned 2.72g/t Au, 204g/t Ag
    from 1m wide vein.

•   Drill Program: 3 hole / 350m
    initial program to test veins
    over 100m of strike length

                                            17
Southern Chile – Project Generation
          WHY?
          • Highly prospective region with little previous exploration
          • Proven +1 Moz Au potential
          • In-depth technical knowledge of the Southern Chile Coastal Range
          • Excellent access & ability to work year round
          • Stable & investor-friendly mining jurisdiction with supportive local communities
          • Mexican state company Fresnillo has recently staked 318km2 about 15km
            southeast of Veta JOY properties

          HOW?
          • Access to a regional exploration database compiled in 1995-1996
          • Aggressive field evaluation of prioritized properties
          • University of Chile providing additional technical support

          RESULTS TO DATE
          • Roy – Porphyry Cu Opportunity – staked 2018 by Veta 100%
          • Quilvo – High Sulphidation Au Opportunity – staked 2018 by Veta 100%
     18

18                                                                                             18
Accomplishments / Business Plan
2018

Exploration Tasks                                           Status
Consolidate the JOY Region                           Substantially Complete
Negotiate Preliminary Access Agreements                    Complete
Phase I and II Mapping and Sampling                        Complete
NI 43-101 Technical Report                                 Complete
Trenching                                                  Complete
Geophysical Survey                                         Complete
Identify Initial Drill Targets                             Complete
Project Generation                                         Ongoing
Corporate Tasks
Financing July 2018 - $1 million @ $0.15 per share         Complete
Finalize Chilean Corporate Structure                       Complete
Finalize JOY East and West Option Agreements               Complete
Assemble Field and Support Staff in Chile                  Complete
Listing CSE                                                Ongoing
2019

Business Plan                                               Status
Financing                                                  Ongoing
Initial Drill Program                                         Q2
Continue Mapping, Sampling, and Trenching                  Ongoing
Project Generation Southern Chile                          Ongoing

                        19                                                    19
Corporate

  Financial Position
  Working Capital                                                    $150,000

  Share Structure
  Issued and Outstanding                                            17,186,320
  Options                  $0.15 – October 11, 2023                  1,550,000
  Warrants                 $2.00 - $2.80 three years from listing     980,580
  Warrants                 $0.15 – July 11, 2020                      305,205
  Fully Diluted                                                     20,022,100

              20                                                                 20
Exceptional Investment Opportunity
          • In-depth Technical Knowledge of the Belt: combined +30 years of in-
            house exploration experience in South America
          • Friendly Mining Jurisdiction: Chile is one of the most mining friendly
            regions in the world
          • Demonstrated +1Moz Potential: Yamana’s Minera Florida mine (historic
            production 2.5 million oz Au) demonstrates the proof of concept that
            significant deposits occur in the Chilean Coastal Range
          • High Grade Gold – Silver: The JOY Properties host an extensive system
            of polymetallic mineralized quartz veins with rare visible gold / electrum
          • Dominant Land Position: The Joy Project consists of 115 km2.
            Anomolous values in quartz veins have been mapped and sampled along
            25 km strike length of a granite contact with sediments
          • New Discovery Potential: the JOY Properties have had no previous
            detailed exploration or drilling – exceptional investment upside potential
          • Year Round Exploration: Maximum altitude of 500 m, no snowfall, and
            excellent access provide for year round cost-effective exploration

     21

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Appendix
Option Agreements

 JOY West
 US $40,000                               August 2018 (Paid)
 US $30,000                               December 2018 (Paid)
 US $30,000                               January 2019 (Paid)                             Earns 85%
 US $100,000                              December 2019                                  Earns 100%
 1% NSR – buyable for US $750K for 4 years / US $1 million thereafter

 JOY East
 US $30,000                               August 2018 (Paid)
 US $120,000                              August 2019
 US $100,000                              August 2020
 US $100,000                              August 2021
 US $250,000                              August 2022                                     Earns 85%
 15% carried until commencement of feasibility and converted to 2% NSR if no participation.
 2% NSR buyable for $2 million, or $500K per year over four years.

                                                                                                      23
Exploration Comparable: Yamana Minera Florida
•   Proof of Concept that Mesozoic
    rocks of the Southern Chile Coastal
    Range host significant Au-Ag           Yamana Miner Florida Mineral Reserves and Resources1
    polymetallic mineralization                                   Tonnes               Grade    Contained oz
•   Structurally-controlled Au-rich                               (000’s)               (g/t)     (000’s)
    polymetallic quartz vein/breccia                               Proven and Probable
    systems with discrete zones of high-   Gold                    3,202               3.56          366
    grade Au (60g/t), Ag (300 g/t) & Zn
                                           Silver                  3,202               23.2         2,393
    (5%)
•   Veins size: 2.5 Moz of Au    Zinc                    4,897               1.77%    197 million lbs

•   Production guidance: 85,000 oz Au
                                                                            Inferred

    in 2019                                Gold                    6,445               5.01         1,038

•   Production capacity: 2,300 tonnes      Silber                  6,445               29.4         6,093
    per day plant / floatation, leaching   Zinc                    6,445               1.32%    187 million lbs
    and electrowinning processes           (1)   Source Yamana.
•   Ongoing exploration / discovery

                                                                                                         24
Roy Property: Porphyry Cu Opportunity
•   Exploration License – 100% owned – 18km2
•   Previous exploration by Arauco Resources in
    1993 identified a 2km2 area of highly
    anomalous Mo (>100ppm) and Cu
    (>400ppm) within siliceous & argillic altered
    rocks
•   Initial surface sampling in Nov 2017 by Veta
    returned up to 98ppm Mo & 466 ppm Cu
•   Historical and current sampling characteristic
    of a porphyry-related lithocap
•   No detailed exploration, geophysics or drilling
    completed
•   Exploration target similar to the Andacollo       Arauco 1993 sample
    porphyry Cu-Au deposit hosted within              >400ppm Cu
                                                      Arauco 1993 sample
    Mesozoic rocks north of Santiago. Initial         >100ppm Mo
    resource of ~300Mt at 0.7% Cu, 0.25g/t Au.
    Epithermal veins, breccia & manto’s occur up
    to 4km from the main porphyry. Grades up to
    8g/t Au are contained within dominate NW-
    trending structures

                        25                                           25
Quilvo Property: High Sulphidation Au Opportunity
•   Exploration License – 100%
    owned – 16km2
•   Claims cover area of previous
    Cyprus-Anvil trench samples
    (1996) report up to 12g/t Au from
    quartz vein/breccias
•    No detailed exploration,
    geophysics or drilling completed
•   Property occurs within inferred
    southern extension of Mesozoic-
    aged volcanic and intrusive rocks
•   Initial Nov 2017 site visit           3km zone of advanced argillic alteration
    confirmed extensive high-
    sulphidation type alteration system
•   Exploration target is a high-
    sulphidation Au-Ag system such
    as El Indio and polymetallic Au-Ag
    veins/breccia similar to Minera
    Florida

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