1 Disclaimer Some of the information in this presentation has been - - PowerPoint PPT Presentation

Vine Property Zinc, Lead, Silver Deposit Potential

February 2016 (TSX-V: PJX)

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Some of the information in this presentation has been extracted from the prospectus and NI 43-101 Technical Report filed on SEDAR (www.sedar.com). Investors should base their investment decision on information contained in the prospectus and NI 43-101 Technical Report only. This presentation may contain certain forward looking information relating to expected future events and financial and operating results of the Company that involve risks and

• uncertainties. Readers are cautioned not to place undue reliance on forward-looking

statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Due to the potential impact of various factors, including the volatility of metal prices, new information regarding recoverable reserves or resources, market competition, changes in environmental and other regulations, political changes, and other factors, the Company disclaims any intention or obligation to update or revise any forward-looking information, where as a result of new information, future events or otherwise, unless required by applicable law. Geological information has been reviewed by John Keating, P.Geo. (a qualified person for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, CEO and a Director of PJX.

THIS IS NOT AN OFFER OR SOLICITATION FOR THE PLACEMENT OF SECURITIES.

Disclaimer

Vine Property Highlights

Opportunity

• Historical Mining Area
• Existing Zinc-Lead-Silver Occurrences - not tested on strike
• Excellent Infrastructure - roads, power, rail
• Mining Friendly Communities - with experienced work force

Why hasn’t the area been fully explored?

• Fractionated Land Package prevented concerted exploration

– PJX has consolidated the land and ownership

• New Exploration Technology has identified large targets

PJX RESOURCES’ CRANBROOK AREA GOLD & BASE METAL PROPERTIES

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Regional Geology Map

• Vine and Fors discoveries occur

at intersection of growth faults similar to the Sullivan Deposit.

• The Vine Graben is considered

as possible southern extension

• f the Sullivan Graben that

hosts the Sullivan Deposit.

• Sullivan Deposit was a Sedex

(Sedimentary Exhalative) style deposit . (160 million tonnes 5.86% zinc, 6.08% lead, 67 g/t silver).

• Sullivan Mine operated for 90

years & produced concentrate with a metal content equivalent to over $30 billion using today’s metal prices.

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Vine Property

Large Positive Gravity Anomaly (red area north of Vine Occurrence)

(anomaly defines an area approximately 2 km wide and 3-4 km long)

Historical 1990’s Drill Holes intersected Massive Sulphide on edge of Gravity Anomaly. Vine and Fors-Smoker Gravity Anomalies occur along edges of northwest trending Vine Graben.

Sullivan Basin - Schematic North South Cross Section (By A. Hagen, Cominco, 1983)

• Two Vents – Sullivan Vent and orebody on right and Northstar Vent area on left.
• Northstar Vent area may have produced an orebody that has since been removed by erosion.
• Two Vents are approximately 2.5 km apart.
• Similar spatial relationship occurs for the Fors and Smoker Vents on PJX’s West Basin Property, and for the

East and West Gravity Anomalies on the Vine Property.

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• Detailed ground Gravity

Geophysical Surveys have identified 2 Gravity Target Areas (East and West targets)

• n the Vine Property.
• Gravity identifies changes in

rock density.

• Massive sulphide

mineralization found at the Sullivan Deposit is very dense material.

• The anomalies may contain

massive sulphide deposits.

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• Hole VA15-02 and VA15-04

Intersected sediments with local zinc mineralization.

• Potential Massive Sulphide

mineralization relating to the gravity anomaly may be folded with a sub-vertical dip. (see cross section on next slide)

• Hole VA15-06 intersected

Sedex style narrow beds of massive iron sulphide mineralization at the Sundown Time Horizon. Deeper drilling is required to test other target horizons.

Vine Property - Interpreted Geological Cross Section WW

• Massive Sulphide with zinc, lead and silver mineralization was intersected by historical drill holes KV90-41 and KV94-57 at the base of the

Footwall Quartzite (FWQ horizon). (Note: KV90-41 and KV94-57 drill hole data should be considered with caution as PJX is uncertain as to the relevance or reliability of the historical data.)

• PJX hole VA15-02 intersected what appears to be a thick gabbro sill before entering Lower Aldridge (LA) sediments that contain anomalous

sphalerite (zinc mineralization) and alteration (sericite, chlorite, albite) in some sedimentary beds as shown in the next slides.

• Thick gabbro sill defines a possible restricted Sedimentary Basin. Massive Sulphide deposits often occur in restricted basins.
• The base of the FWQ horizon in the basin is considered to be at depth below hole VA15-02, and is a target for the next phase of drilling.
• Hole VA15-02 also encountered folded deformed rocks (DP Zone) that contain sphalerite. This zone could host a folded and thickened massive

sulphide body (see conceptual interpretation on section) and is also a target for the next phase of drilling.

Sedex Massive Sulphide

Sphalerite (zinc-sulphide) replacing sediments along fractures intersected below the gabbro sill and above the attenuated - deformed zone of the Moyie Fault.

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Garnets Albite Alteration

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Sphalerite (zinc-sulphide) Albite Alteration

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Folded Lower Aldridge Sediments in the attenuated – deformed zone above the Moyie Fault.

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Folded Lower Aldridge Sediments in the attenuated – deformed zone above the Moyie Fault.

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Folded, irregular Sulphide mineralization with zinc and copper in the attenuated – deformed zone above the Moyie Fault.

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Broken Hill Deposit

• Sedex style Massive

Sulphide folded within the deformed – attenuation zone of a major fault (shear zone)

Fault (Shear Zone) Folded – irregular shaped Massive Sulphide (Ore Lens)

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• The folded style of massive

sulphide mineralization at the Broken Hill Deposit may

• ccur at the Vine Property

along the Moyie Fault Zone

• Note that the 100m-200m

wide Belt of Attenuation adjacent to the Fault at the Broken Hill Deposit is similar in width to the attenuation zone adjacent to the Moyie fault at the Vine Property.

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Gravity Profile along Geological Cross Section UU

Interpretation of the Gravity data suggests that massive sulphide (shown in red) may

• ccur above and folded within the attenuated - deformed zone above the Moyie Fault

Vine Vein Structure at Surface

20 Vine Vein

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Vine Core Facility and Core Racks (February, 2015) Vine Vein

West Gravity Target

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View looking north-west from the East Gravity Target toward the West GravityTarget

East Gravity Target

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View looking south- east from the West Gravity Target down to the East Gravity Target

CPR Quarry CPR Railyard

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View looking west from the West Gravity Target toward CPR’s Railyard and Rock Quarry

Highway 3

Vine Property Target Locations and Infrastructure

• Target areas are located 12 km south of

Cranbrook, British Columbia.

• Property is accessible by road year round.
• Highway 3, CPR Rail, and 2 Power

Transmission Lines cross the Property.

• CPR Rail Yard for loading rock from a CPR

quarry is located within a few kilometres of the target areas.

• CPR Rail line was used to transport zinc-

lead-silver concentrate from the Sullivan Mine (North of Cranbrook) through the Vine Property to Teck’s (Cominco) Smelter Complex in Trail, British Columbia.

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Rail Lines Western Canada and Northwest USA

• CPR rail line crosses the

Vine Property.

• Teck’s Trail zinc-lead-silver

smelter and metallurgical complex is approximately 145 km west of the Vine Property.

• Rail also provides access

across North America and to the coast with shipping to Asia or other markets.

Vine Property

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Directors’ and Officers’ Biographies

• John Keating, PGeo – Chief Executive Officer, President and Director
• Mr. Keating has over 30 years of experience in the mining and exploration industry. He conducted early and advanced stage

exploration with Noranda and was a global commodity analyst for gold, silver, and base metals with the Federal Government of

• Canada. During the last 10 years, Mr. Keating was President and Chief Executive Officer for Black Bull Resources and Golden Chalice
• Resources. Mr. Keating holds a BSc(Geology) from Concordia University, Montreal, Quebec.
• Linda Brennan – Chief Financial Officer, Corporate Secretary and Director
• Ms. Brennan has been a consultant for 12 years providing strategic advice and organizing and structuring financings to numerous

early stage companies in the junior resource sector. She brings knowledge of finance, accounting and public markets to PJX. She has also served in the capacity of corporate secretary for several TSXV listed companies. Ms. Brennan holds Business Administration and Bachelor of Commerce degrees from the University of Victoria and Royal Roads University, respectively.

• James Clare – Director
• Mr. Clare is a member of the Canadian Bar Association and a Partner with Bennett Jones LLP. Mr. Clare practices in the areas of

corporate and securities law, with an emphasis on corporate finance and mergers and acquisitions. Mr. Clare’s practice is focused on the mining and oil and gas sectors. His transactional experience includes domestic and cross-border public and private corporate finance transactions, representing issuers and agents as well as merger and acquisitions transactions. He also advises public issuers

• n general corporate and securities law matters including stock exchange listings, continuous disclosure obligations and other

regulatory compliance issues. Mr. Clare holds Bachelor of Laws and Bachelor of Arts degrees from the University of Western Ontario and Acadia University, respectively.

Directors’ and Officers’ Biographies

• Kent Pearson, PGeo – Director
• Mr. Pearson is a geologist with over 20 years experience in the mining and capital markets sectors. His background in mining includes

both exploration and production. His capital markets experience includes equity and debt research and investment banking as a vice

• president. He is currently president of Locarno Advisory Inc. a boutique advisory firm specializing in corporate mergers and

acquisitions, strategic advisory, asset review and asset disposition. Mr. Pearson holds a BSc (Geology) from the University of Alberta. In addition, he has earned a MBA from Queen’s University, Kingston, Ontario.

• Somerset Parker - Director
• Mr. Parker is currently the Vice President, Marketing Division of Geovic Mining Corporation. Mr. Parker previously held a senior

management role at Jaguar Nickel Inc. As Director of Marketing and Sales for Falconbridge Limited, Mr. Parker negotiated and managed contracts and sales for Falconbridge products in Latin America, Asia, Europe and Canada during his 14 years with the company, beginning in 1981. Mr. Parker has developed an extensive network of investor contacts and mining analysts, on a worldwide basis, including relationships with major banks and securities houses. Mr. Parker holds a Bachelor of Science, University

• f Chile.
• Joseph Del Campo – Director
• Mr. Del Campo holds a Certified Management Accountant designation. Mr. Del Campo worked for the Falconbridge group of

companies in financial positions, including Controller and Treasurer of Falconbridge Dominicana and Falconbridge Gold Corporation, a gold mining company with operating mines in Africa and Canada. Over the past 13 years, Mr. Del Campo has been a director and vice president of finance and chief executive officer at a number of junior exploration companies listed on the TSX and TSXV and is the former CFO of First Nickel Inc.

Consultants’ Biographies

• Dr. Trygve Hoy, P.Eng
• Dr. Hoy is a Professional Engineer with 40 years of mineral industry experience working as a research economic geologist with the

British Columbia Department of Mines prior to consulting on mineral properties for the private sector. His experience and expertise spans most metallic deposit types including :

• 1. Sedex deposits in the Purcell Supergroup of Canada where he co-edited and authored several papers in the major treatise
• n the Sullivan deposit , titled “The Geological Environment of the Sullivan deposit”;
• 2. Silver vein deposits in the Slocan Silver camp, British Columbia.
• 3. Copper-gold vein, porphyry, and skarn type deposits in British Columbia, the Yukon Territory, and Mexico.
• 4. Gold vein and epithermal gold deposits in British Columbia and Mexico

David (Dave) Leo Pighin , P.Geo

• Mr. Pighin is a Professional Geologist with over 45 years of mineral exploration experience . During his 24 years with Cominco Ltd.,

Dave was involved with mapping local and regional geology at the Sullivan Mine and was also involved with the development and use

• f the Aldridge Marker Bed Horizons as a proven exploration tool. Dave discovered the Fors zinc-lead-silver Sedex massive sulphide
• ccurrence in 1966 and the Vine zinc-lead-silver-gold vein deposit in 1976 with Cominco. He has since designed and managed

programs ranging from grass roots exploration to advanced drilling for gold, silver, diamonds, rare earths, gypsum, and base metals, mainly in the Province of BC, and also in the Yukon, Northwest Territories, Western U.S.A., and Mexico.

PJX Capital Structure

Listed on TSX Venture Exchange (PJX.V) Share Structure Current as of February 2016 Shares Issued: 53,440,946 Warrants: 13,664,245 Options: 4,867,000

Investment Highlights and Next Steps

– PJX is focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper). – Experienced Management team, Consultants and Board with over 200 years of cumulative experience in the exploration and mining industry. – Current exploration is primarily focused on the Vine Property. PJX owns mineral title to the Vine Property, subject to a 1% NSR

• n part of the property.

– Geological environment is favourable to discover Sedimentary Exhalative (Sedex) zinc, lead, silver massive sulphide deposits. – The Sullivan Sedex deposit, located 35km north of the Vine Property, occurs in a restricted sedimentary basin and operated for

• ver 90 years and produced about 8 million tonnes of zinc, 9 million tonnes of lead, and 285 million ounces of silver, equivalent

in value to over $30 billion using today’s metal prices. – Two target areas have been identified by geophysics for testing on the Vine Property. Recent drilling has intersected a possible restricted sedimentary basin with zinc (sphalerite) mineralization that could host a massive sulphide deposit. – The Vine Property is road accessible year round and close to power, rail, and mining friendly communities of Cranbrook and Kimberley, British Columbia, Canada. – Some of the world’s largest zinc, lead and silver mines closed, or are closing, due to ore reserve depletion, such as the Brunswick Mine in New Brunswick, the Century deposit in Australia, the Main deposit at Red Dog in Alaska. – Next Steps - Gravity surveys and geology have defined large targets to test by drilling.

For Additional Information Contact: PJX Resources Inc. 5600 – 100 King Street West Toronto Ontario M5X 1C9 416-799-9205 info@pjxresources.com Attention: Linda Brennan

• r visit our web site at:

www.pjxresources.com