Niblack Project A Southeast Alaska Development Opportunity - 36% 33% 22% 9% - Heatherdale Resources Ltd.

Niblack Project
            A Southeast Alaska        36%
            Development Opportunity

                                      33%

                                      22%

June 2017
                                      9%

Forward-Looking Statements

This presentation includes certain statements that may be deemed "forward-looking statements". All statements in this presentation, other
than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company
expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments
may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking
statements include the following: the Niblack project will obtain all required environmental and other permits and all land use and other
licenses, studies and exploration of the Niblack project will continue to be positive, and no geological or technical problems will occur.
Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential
environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes,
continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party
opposition, changes in government policies regarding mining and natural resource exploration and exploitation, 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 differ materially from those projected in the forward-looking
statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available
at www.sedar.com.

Information Concerning Estimates of Indicated and Inferred Resources
“This presentation uses the terms ‘Indicated resources’ and ‘Inferred resources’. Heatherdale Resources Ltd. advises investors that
although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for
Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that
any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, ‘Inferred resources’ have a
great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an
Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Economic Assessment as defined
under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.”
“The securities of Heatherdale Resources Ltd. referenced herein have not been, and will not be, registered under the Securities Act of
1933, as amended, or under any state securities laws, and may not be offered or sold in the United States absent such registration or an
exemption from registration.”
Technical information contained in this presentation has been reviewed and approved by Mark Rebagliati, PEng, a qualified person who is
not independent of Heatherdale Resources Ltd.                                                                                       2

Investment Highlights

 Engagement with all levels of government, communities and other stakeholders
  since project was acquired in 2009
 Clear path to development with existing resource
 Excellent metal recoveries, premium concentrate grades
 Unique, low cost development opportunity with excellent Infrastructure
 Brownfields industrial site (GIIC) for processing plant near Ketchikan
 Access to low cost hydro power and skilled labour force
 Tidewater location for low cost concentrate delivery to the Pacific Rim
 Low initial capital requirement
 AIDEA* Funding ($125M) authorized by 2014 Alaska Legislature
 Secure title in a supportive and safe jurisdiction
 Resource defined with internal continuity
 Drill ready resource expansion opportunities
* Alaska Industrial Development and Export Authority, Alaska’s development finance authority   3

Niblack – Mining and Processing Facilities

Underground Mine
     1000 to 1500 Tons Per Day1
     Small Footprint
     Plus 10 year mine life2
     Envision mining by long hole stoping
     Primary crushing, then barge to processing site

Processing Site (near Ketchikan)
     Brownfield Industrial site
     MOU with Ketchikan Gateway Borough
     Clean Energy infrastructure with capacity
     Existing service and supplies infrastructure
     Available local workforce
     Simple metallurgical flow sheet
                 crush – grind – float
     Investigate value of pyrite concentrate
     Deep draft port for Shipping of Concentrate                   Interior of the Kensington mill with
                                                                    the grinding units in the foreground.
                                                                    July 2007

1 Based   on comparisons with operations of similar deposit type.
2 Based   on current mineral resources.
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Niblack – Metallurgy

Copper concentrate (29 – 30% Cu)
           94 - 95% copper
           56 - 62% gold
           53 - 61% silver

Zinc concentrate (60 – 65% Zn)
           90 - 93% zinc
           10 - 16% gold
           16 - 24% silver

Medium to coarse grained for easier
processing and recoveries

Very desirable clean concentrates

Simple Milling: Crush, Grind, and Float

 Recoveries to copper and zinc concentrates                                                                 5
 Testwork conducted for Niblack Mineral Development Inc. by SGS Canada Met Lab based on two 75 kg samples

Niblack Site Infrastructure

Accessible Deep Water at Niblack Anchorage           Gravina Island Industrial Complex

  Dock & Barge Camp                   Supply Barge           Underground Development     6

Niblack – Gravina Island Industrial Complex (GIIC)

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Niblack – Focus on near-term Production

   Advance development planning based on existing higher grade
    resource
   Mobilize strong Stakeholder and Governmental support to rapidly
    advance project through permitting
   Construct a financing package that includes AIDEA pre-authorized
    financing
   Employ optionality to effectively expand resource base from
    underground operation
   Ramp up production in line with resource expansion
Opportunity: Add value through staged investment in a high value
resource located in a low risk jurisdiction by aggressively advancing project
to production

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State Legislature Approves Niblack Project Financing

   AIDEA = Alaska Industrial Development and Export Authority
        AIDEA is a state owned corporation.
        Mission is to promote, develop, and advance economic growth and diversification in the
         state by providing financing and investment.
        The authority has a long history of supporting Alaska’s minerals industry, beginning with its
         financing and construction of the DeLong Mountain Transportation System at Red Dog.

   October 2013 – MOU between AIDEA and Heatherdale signed
        Heatherdale and AIDEA will work collaboratively to advance opportunities associated with
         Niblack Project and the potential mill facilities at the Gravina Island Industrial Complex
         (GIIC) with the Ketchikan Gateway Borough (KGB).
        MOU to assess the potential for processing, port, and tailings storage facilities at GIIC.
        Financing and/or direct investment in capital infrastructure improvements such as roads,
         ports and power facilities resulting in opportunities to reduce CAPEX commitments.

   April 2014 – Alaska State Legislature unanimously passes Senate Bill 99
        Pre-authorizes AIDEA the ability to issue bonds for up to $125 Million to finance the
         development of the Niblack Project and the Gravina Industrial Complex for an ore
         processing facility

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Niblack – District Exploration = Resource Expansion

 Historic mining operations
        1902-1908
        Produced 20,000 tons
        Patented claims 250 acres

 Active exploration since 1970s
        $41M spent by prior operators
        195,000 feet* of drilling in 246 holes

 Underground development drift:
  3,300 ft - $10M
                                                   Since 2009, Heatherdale has:
        3,300 ft UG drift developed for $10M
                                                       Spent $37M
        19,765 ft in 28 UG drill holes
                                                       Drilled 200,000 ft
        Discovery of new high grade
         mineralization                                Substantially increased resource

* includes 28 UG holes – 19,765 ft
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Niblack – Lookout Zone – Types of Mineralization

 C Zone – Felsic Flow
 Sulphide Contacts

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Niblack Resource Estimate – Lookout & Trio deposits

                  Higher Grade Indicated Resource
        Cutoff @                          Cu        Au         Zn        Ag
                          Tonnes
      US$150/t NSR                        %         g/t        %         g/t
           Total         1,160,000       1.71      3.21       3.83     62.68

        Cutoff @           Million        Cu        Au         Zn        Ag
       US$50/t NSR         Tonnes         %         g/t        %         g/t
         Indicated           5.6         0.95      1.75       1.73     29.52
          Inferred           3.4         0.81      1.32       1.29     20.10

  Note 1: Net Smelter Return (NSR) cutoff uses long-term metal forecasts: gold US$1,150/oz, silver US$20.00/oz, copper US$2.50/lb, and zinc US$1.00/lb; Recoveries (used for
  all NSR calculations) to Cu concentrate of 95% Cu, 56% Au and 53% Ag with payable metal factors of 96.5% for Cu, 90.7% for Au, and 89.5% for Ag; to Zn concentrate of        12
  93% Zn, 16% Au, and 24% Ag with payable metal factors of 85% for Zn, 80% for Au and 20% for Ag. Detailed engineering studies will determine the best cutoff.
  Note 2: November 2011 estimates by Deon Van Der Heever, Pr. Sci. Nat., Hunter Dickinson Inc., a Qualified Person who is not independent of the Company.

Niblack – Lookout, Trio, and More Drill Ready Targets

                Historical Surface Drill Hole Intercepts

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Niblack – First Order Expansion Opportunities

                    Adit
                 Extension

                                                14

Niblack – Dama Zone Geophysics (IP)

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Niblack Project Advantages

   Advanced Engineering and Project Scoping
   Resource Expansion Targets Drill Ready
   Excellent Mill Site near Ketchikan
   Governor strongly supports the project
        $2.0M in capital budget to improve access road
         from airport to GIIC
   Alaska Delegation support the project
        Begich and Murkowski introduced road bill
        Representative Don Young introduced POW road
         bill to House Committee
   SE Alaskan legislators supportive
        Unanimous vote on SB99 – AIDEA financing
   Local government leaders are on board
   Sealaska Native Corporation engaged and
    supportive
   Local Price of Wales Island (POW)
    communities and Native leaders engaged
   Ketchikan community very supportive
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Plans Going Forward – Be Prudent

Niblack Project
   Explore investment opportunities to take Niblack Project Forward to
    Pre-feasibility and Ultimately into Permitting and Construction
   Collaborate with the Ketchikan Gateway Borough (KGB) as part of the
    MOU to investigate the suitability of the Gravina Island Industrial
    Complex for the Niblack Processing Plant
   Collaborate with AIDEA on financing options and opportunities as part
    of the MOU and SB99
   Continue Stakeholder Engagement Activities
   Comply with permitting requirements
   Continue Environmental base line data collection

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Heatherdale Capital Structure

Shareholding                                                                                        In millions

Common shares                                                                                               180.6

Total issued and outstanding shares                                                                         180.6

Warrants*                                                                                                    30.5

Convertible debt**                                                                                             2.1

Options***                                                                                                     0.9

Total fully diluted outstanding shares                                                                      214.1
    * 25,863,868 warrants are exercisable into common shares of the Company at CAD $0.07 and expire in
    January and February 2019 and 4,594,940 warrants are exercisable into common shares at CAD $0.05,
    expiring in August 2017

    ** Convertible debt is comprised of:

    (i)  $USD60k debt convertible into common shares of the Company at CAD$0.05 per common share up
         to April 2016 and CAD$0.10 thereafter until the maturity of the loan in April 2018. Interest accrues in
         arrears at 12% per annum.
    (ii) $USD50k debt convertible into common shares of the Company at CAD$0.05 per common share up
         to August 2017 and CAD$0.10 thereafter until the maturity of the loan in August 2018. Interest
         accrues in arrears at 12% per annum.

    *** The Company has share options outstanding that expire between June and August 2017
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Heatherdale – Board of Directors and Management

       David Copeland Executive Chairman, CEO &                         Rene Carrier Director
       Director                                                         Rene Carrier is a past Vice-President of Pacific International
       Dave Copeland is a geological engineer with thirty years’        Securities Inc. He is also a director of a number of public
       experience in advancing mineral projects through feasibility,    companies.
       permitting, engineering design and initial development
       phases.

                                                                        Judy Thomson Director
       Robert Dickinson Director                                        Judy Thomson is a Chartered Accountant with over twenty-
       Robert Dickinson is an economic geologist who has been           five years of professional experience in audit, business
       actively involved in mineral exploration and mine                administration and human resources, holding senior
       development for over 40 years. He is Chairman of Hunter          positions with a global accounting and consulting firm in
       Dickinson as well as a director and member of the                Canada and Asia. She was a director of Detour Gold from
       management team of a number of the public companies              January 2007 to March 2009.
       associated with Hunter Dickinson.
                                                                        Mark Peters CFO
                                                                        Mark Peters is a Chartered Accountant and holds a
       Lena Brommeland Director                                         Bachelor's degree in Economics from the University of
       Lena Brommeland has more than 20 years’ experience as a          Victoria. He has 15 years of experience in the areas of
       geologist managing major exploration projects in Alaska,         financial reporting and taxation, working primarily with
       British Columbia and around the world. Her experience            Canadian and US public corporations. Previously, Mr. Peters
       includes onsite drill programs, environmental planning and       worked for PricewaterhouseCoopers LLP in the tax group.
       permitting, and community relations activities for exploration
       and feasibility-level project.
                                                                        Trevor Thomas Corporate Secretary
                                                                        Trevor Thomas has practiced in the areas of corporate
                                                                        commercial, corporate finance, securities and mining law
                                                                        since 1995. Prior to joining Hunter Dickinson, he served as
                                                                        in-house legal counsel with Placer Dome Inc.

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Thank You

Investor Relations
15th Floor                 Phone: 604-684-6365
1040 West Georgia Street   Fax: 604-684-8092
Vancouver, BC              TF: 1-800-667-2114
Canada V6E 4H1             Email: info@hdimining.com
                           Website: www.heatherdaleresources.com

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