Aggressively Developing Four Significant, 100%-Owned, High-Potential - PowerPoint PPT Presentation

Aggressively Developing Four Significant, 100%-Owned, High-Potential Lithium Projects in North America November 2017

Forward Looking Statement Certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Little Nahanni Pegmatite Group (LNPG) Property, the Tule Lithium Brine Project, the Gerlach Nevada Lithium Brine Project, the Cat Lake Lithium Property, the 50% joint venture with Mag One Products Inc: statements pertaining to the ability of Equitorial Exploration Corp. (“EXX”) ; the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for EXX to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by EXX in light of its experience and perception of current and expected future developments, as well as other factors that EXX believes are appropriate in the circumstances. Many factors could cause EXX’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Persons reviewing this presentation are cautioned not to place undue reliance on forward-looking statements due to inherent uncertainty therein. EXX disclaims any intention or obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, except as required by law. This presentation is for distribution to Accredited Investors only. This presentation is NOT for public disclosure. 1

Company Highlights Four Significant, High Potential 100%-Owned Lithium Properties LNPG – Northwest Territories, Canada ● NI 43- 101 (March 20, 2017) concludes, “Sufficient grades to bring the rock to within economic values.” ● Combined strike length: 13 km; Dyke swarms up to 500 m in width ● Assays with a peak value of 3.1% Li2O ● Drill program planned for this season Cat Lake Lithium Property – Manitoba, Canada ● Adjacent to Cat Lake Mineral Project ● Lithium Corp Cat Lake Mine situated on south end of claim block ● Irgun Lithium Mine shaft 150 m from south end of Catail claim block ● 48 ft of spodumene bearing quartz drilled in 1948 Tule Valley Lithium Brine Project – Utah, USA ● Lithium bearing district - Honey Comb and Crystal Peak projects nearby ● Closed basin similar to Lithium-rich Clayton Valley ● Samples as high as 200 ppm Li ● Geophysics and drilling planned to evaluate potential for a mass brine deposit Gerlach Lithium Brine Project – Nevada, USA ● Large closed basin ● 120 km north of Tesla Gigafactory #1 ● Geophysics and drilling planned to evaluate potential for a mass brine deposit 50/50 Joint Venture with Mag One ● First right to finance equally the construction of Mag One’s first magnesium and refining production facility to produce magnesium metal and related products ● Commercial high purity MgO and SiO2 project will not be subject to an environmental evaluation (Mag One news release: 10-12-2017) 2

LNPG Property - Location Claim Block Renowned Mining District ● ● 5 km from access road to Howard’s Pass Project, 5,393 ha (53.93 km 2 ) ● 9 Claims large zinc-lead Selwyn Chihong Mining deposit ● 30 km NW of Cantung Tungsten mine 3

LNPG Property - Geological Setting Geology ● Lithium-caesium- tantalum (“LCT”) pegmatite dyke swarms ● Similar to Greenbushes (Australia) world’s largest active lithium mine: Average grade: 2.8% Li2O Dimensions ● Combined strike length: 13km ● Dyke swarms: up to 500 m in width ● Dyke swarm contain: multiple dykes from 0.2 -10 m wid e 4

LNPG Property - Assay Results 2016 Assay Highlights ● 3.1% Li2O across 0.95m ● 2.33% Li2O across 1.2m ● 2.04% Li2O across 4.0m ● 1.63% Li2O across 5.15m Historic Assay Highlights ● 2007 channel samples ○ Up to 1.59% across 10m ● 2007 drill results ○ 1.2% over 11m ○ 0.92% over 18m ● Best historic rock samples ○ 1.74% Li2O - 3.77% Li2O 5

LNPG Project 43-101 (3/20/2017) - Interpretation and Conclusions 1. LNPG Project contains a system of Lithium-Caesium-Tantalum-type (LCT) pegmatite dykes with a strike length of 13 km. 2. “Sufficient grades to bring the rock to within economic values.” 3. Dyke continuity over a vertical range of 300+ meters demonstrated by natural exposure and past drilling. 4. Each “swarm” of dykes is up to 300 m thick. 5. Reliable channel sampling performed in 2016. 6. Careful measurement of dyke width and host rock intervals have enabled bulk samples to be calculated. 7. “Results such as 10.35 m at 1.13% Li 2 O, 71.1 g/t Ta 2 O 5 and SnO 2 are highly encouraging.” 6

Cat Lake Lithium Property Property ● 3 claims, 99 hectares (244 acres) ● 150 km north of Winnipeg, Manitoba, Canada ● Manitoba Provincial Highway #314 passes through the claim block Adjacent to Cat Lake Mineral Project ● Development Work 1953-1954 ● 1,203,500 Tons of 1.5% Li 2 0 (Manitoba Gov’t Assessment File 94932) ● Lithium Corporation of Canada drilled 25 holes into Irgon Dike Claims map goes here ● Strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3) Lithium Corp Cat Lake Mine ● Located at south end of Catail claim block ● Mine shaft 150 m from south end of Catail claim block Historical Drill Results ● 48 feet of spodumene bearing quartz drilled in 1948 (Manitoba Assessment File 98073) 7

Tule Valley Lithium Brine Project - Property Description Claims ● 26 placer claims of 26 acres each ● 4,800 acres in total Location ● 190 km south of Salt Lake City, Utah ● Straddles Juab and Millard counties Lithium Bearing District ● 20km north: Honey Comb beryllium- rubidium-lithium-REE project ○ NI 43-101 (Redhill Resources, 9/30/2011): 1,500-1,700 ppm Li ● 30km northeast: Spor Mountain beryllium mine ● 60km southeast: Crystal Peak’s potash - lithium-magnesium brine project ○ NI 43-101 (Crystal Peaks, 11/18/2013): Lithium in solution (brine) values = 50mg - 200mg/liter 8

Tule Valley Lithium Brine Project - Closed Basin What is a Closed Basin? ● Surface and groundwater flow into the basin and only escape by evaporation at surface ● Evaporation leaves behind minerals dissolved in resulting brines and evaporation pools Similar to Clayton Valley ● USGS calls the Clayton Valley, “the best known deposit in the world” for Lithium due to: ○ Closed tectonically active basin ○ Arid climate ○ Elevated heat flow, due to hot springs or young volcanoes ● Tule Valley has the same attributes Down Faulted ● Normal faults on both sides of valley ● Generates fluid mobilization from hard-rock Lithium sources 9

Tule Valley Lithium Brine Project - Preliminary Assays Sampling ● August, 2016 ● 4 water samples ● 13 soil samples (most collected at claim post sites located on exposed playa) Results ● Samples of actively evaporating briny surface muds are all anomalous in Lithium (over 0.01% Li) ● Samples as high as 200 ppm Li ● Each anomalous sample is: ○ Very wet ○ Saturated with salty brine ○ Contains salt and/or gypsum crystals Relationship to Water Table ● Sample locations are where: ○ Playa surface dips below current groundwater table (less than 1,339m) ○ Near-surface brines reach the surface ○ Form shallow pools ○ Brine evaporates Bottom Line ● The surface brines and saturated muds being anomalous in lithium is deemed encouraging for the deposition of near-surface lithium mineralization Exploration - Next Steps ● Geophysical surveying, particularly induced polarization to detect conductive layers beneath the playa 10

Gerlach Lithium Brine Project Property ● 89 claims, 720 hectares (1,780 acres) ● San Emidio desert, 5 miles from Gerlach, Wahoe Gerlach erlach County, Nevada ● 120 km north of Tesla Gigafactory #1 Why Gerlach? ● Nearby geothermal clusters with hot springs ● Large closed basin ● Gravity low / basin low with Pleistocene lake bottom ● Potential lithium source rocks ● Within ashfall deposition ● Ideal desert evaporation climate ● All weather access on paved roads ● Mine-friendly Nevada 2009 Sampling Program ● Detailed geological mapping and prospecting ● 146 samples collected (including blanks) ● Significant values of beryllium ● Anomalous values of lithium and uranium TESLA TE SLA Exploration - Next Steps Gigaf igafactory actory ● Geophysics and drilling to evaluate potential for a mass brine deposit Reno 11