Au August t 2020 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG - - PowerPoint PPT Presentation

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Au August t 2020 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG - - PowerPoint PPT Presentation

Au August t 2020 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG CO CORPORATE TE PRESENTA TATI TION April 1, 2020 APNMETALS.COM 1 TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG Certain information regarding the Company contained herein may


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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG APNMETALS.COM 1 April 1, 2020

Au August t 2020

CO CORPORATE TE PRESENTA TATI TION

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 2 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company’s control, and that future events and results may vary substantially from what the Company currently foresees. Documents outlining the various factors that may affect future results are available at www.sedar.com. The Company’s forward-looking statements are expressly qualified in their entirety by this cautionary statement. Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surface showings may be marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifying economical reserves are extremely small. The Farellon mine was previously in production dating back to the 1970’s with a reported historical production (to a depth of 70 m) yielding approximately 300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling and related activities and current diamond drilling to estimate grade and widths of the mineralization to reactivate production. The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with the production decision. The presentation contains historical exploration data that have not been verified by Altiplano Metals Inc. and may not be accurate or complete, and therefore the information should not be relied upon. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed and approved the technical contents of this document.

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 3 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

is an exploration company focused on evaluating and acquiring Cu-Au, Au and Ag projects in Chile and beyond with near term production potential. Altiplano is a member of the and is led by a dynamic group of resource sector professionals with a long track record

  • f

success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver shareholder value.

SANTIAGO

SOUTH AMERICA CHILE

FARELLON

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 4 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

$

1 2 3

Altiplano Metals focuses on projects with the potential to expand operations and infrastructure whilst reducing costs, increasing resources, improving grade and generating positive cash flows. APN’s flagship project is the Farellon mine, a high-grade Iron-Oxide-Copper-Gold system, located near La Serena, Chile. Since acquiring in 2017, APN has focused on cost reductions and grade control resulting in 7 quarters of positive cash flow, thus demonstrating Farellon can extract the quantity and grade necessary to be a sustainable operation, even in volatile markets. APN is funded to expand Farellon to access additional mineralized zones at depth and to build an onsite fit for purpose mill and flotation plant to reduce costs and improve output and revenue. Based on the success at Farellon, APN is in the process of evaluating several Cu-Au, Au and Ag near term producing assets for acquisition. Immediate opportunities include the adjacent Laura and Rosario vein systems currently within APN’s license. Our goal is to create a “portfolio” of cash flowing copper and gold assets to enhance shareholder value by leveraging our in-country management team, global service providers and support by our experienced Metals Group team.

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 5 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

201 2017 201 2018 201 2019 2020 2020 2021 2021

Achieved operational consistency while generating cash Develop strong local team and relationships Increase output and build onsite infrastructure. Repeatable business model - acquire near term producers, focus on costs, generate cash U/G bulk sampling and toll mill operations focusing on cost and grade control (to date gerating $3.65 mm in revenue from the sale of 1.6 mm pounds of copper). Increase Market cap by building a portfolio of multi cash flowing projects

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 6 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

Management has a substantial record of success in capitalizing on

  • pportunity, overcoming

challenges and building shareholder value. Successes demonstrated through acquisition, discovery, development and production cycles. In-country management team focuses on costs, efficiencies and

  • pportunities

*Directors and biographies can be found at apnmetals.com

Jo John Wi Williamson, B.Sc., P.Geol – Executive Chairman & Director

+30 years mining sector, founder of more than 20 successful companies in Canada and around the globe.

Al Alastair McIntyre, B.Sc., B.Comm., P.Geo (Limited), MAusIMM CP (Man) – Chief Executive Officer

+30 years senior management experience in international metals and mining banking and advisory.

Ju Justin Bourassa – CFO

+15 years experience in the management, governance and reporting of private and publicly-listed exploration and mining companies.

Je Jeremy Yaseniuk – Vice President of Corporate Development & Director

+20 years in financial markets and marketing & financial expertise.

Ia Ian H n Harris is, B. Sc. Mining and Mineral Engineering – Senior Mining Engineer

+25 years experience as mining executive and mining engineer leading projects globally

An Andrés En Encina G., B.Sc.– Country Manager

+15 years experience in management and business development in the mining and processing industry.

Se Sebastián Badilla C., B.Sc. – Operation Manager

Extractive Metallurgical Engineer specializing in Cu ore mining, leaching, solvent extraction, EW plants and concentration plants.

Ewa Ewan Webster, Ph.D., P.Geo – Senior Geologist

Exploration geologist with a comprehensive field, technical, and academic background.

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 7 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

Copper is used in all things electric and coupled with additional demand to come from Covid-19 medical usage and Electric Vehicle popularity, the supply demand fundamentals are positive to support higher prices.

With rising metals price scenarios, improving cost structures, and strong balance sheets, producers are set to generate significant cash.

Construction Infrastructure Equipment Industrial (Inc. Renewables) Transport (Inc. Electric vehicles)

10 Reasons to invest in gold

Exploding Global Debt Geopolitical Uncertainty Risk Management Inflation Hedge History of Maintaining its Value Portfolio Diversification Tangible Asset Increasing Demand Currency Hedge Price Appreciation

Source: Nick Barker, Accuplan Benefits

Global debt, negative yields and massive inflationary fiscal and monetary policies has strengthening gold investment demand.

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 8 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG SAN SANTIAG AGO

C H I C H I L L E E

FA FARELLON

SO SOUTH AMER ERICA CA

SAN SANTIAG AGO

FA FARE RELLON

>30 Mt; Cu-rich IOCG Deposits <30 Mt; Cu-rich IOCG Deposits

La Serena

H i g H i g h h w w a a y y # # 4 4 3 3

FA FARELLO LLON M MINE S SITE

AN ANDAC ACOLLO Cu Cu PORPHYRY MI MINE

§ Farellon is located only 30 minutes south of La Serena § Year round road access § Daily flights from Santiago § High-grade copper mine in established mining district with great expansion potential § Overview video link

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 9 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

FA FARELLON SCH SCHEM EMAT ATIC C IOCG CG SY SYST STEM EM MODEL EL

MO MOSTLY MA MAGMA MA DO DOMINATED D WATERS

During the Early to mid-Cretaceous a period of crustal extension resulted in the development of large fault zones, magma intrusions rich in precious and base metals, and the formation of IOCG systems along the coastline of northern Chile.

FA FARELLON ON MI MINE SI SITE TE

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 10 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

Farellon Vein Laura Vein Rosario Vein New Vein

Geophysical footprint demonstrates potential for further development in the permitted concession. Laura and Rosario veins also have historical workings that can be expanded.

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 11 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

Underground Development

d y k e

14.40m @ 3.55% Cu 8.65m @ 1.41% Cu 6.70m @ 1.20% Cu 9.60m @ 1.50% Cu 24.00m @ 2.28% Cu

25 50m Since Q1 2018, extracted ~2.24 million pounds of copper from mineralized copper material with an average copper grade of 1.80%.

The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with the production decision..

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 12 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

1.

  • 1. Cu extraction

in in Farello llon 2.

  • 2. Truckin

ing to APN Millin illing Pl Plant (15 15 km) 3.

  • 3. Crushin

ing Pr Process

  • 4. Mi

Milling Pr Process 5.

  • 5. Flotation

Pr Process 7.

  • 7. Drying

Pr Process 8.

  • 8. Sh

Shipment and sale of concentrate to ENAMI MI (26.5% % Cu Cu) Cu u co conce centrate Ta Tailings 7. . Final tailings Dam 2.

  • 2. Fi

First Magne netic c Se Separation 3.

  • 3. Se

Second Ma Magnetic Se Separation 4. . Thickener Ta Tank 5.

  • 5. Drying

Pr Process Fe Fe co conce centrate Ta Tailings to Iron Concen entrate e Pr Process 6.Sh Shipment and sale of

  • f

co conce centrate to to CA CAP (61% Fe)

Tonnes to process Cu Concentrate tonnes at 26.5% Cu Fe Concentrate tonnes at 60% Fe 3,000 tonnes 1.8% Cu 180 1,200 5,000 tonnes 1.8% Cu 300 2,000 8,000 tonnes 1.8 % Cu 480 3,200

6.

  • 6. Deca

cantation

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 13 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG TA TAMBILLO MINE FA FARELLO LLON P PROJECT

La Serena (30 min drive) The majority of the Farellon workforce lives in the mining friendly town of Tambillo

IOCG systems in this region have very deep roots The neighbouring Tambillo mine has been in production for >50 years Current mining depth is 1.2 km Numerous projects in the region provide good

  • pportunity to replicate the

business model

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 14 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

La La Se Serena

Fa Farellon

  • n

Mi Mine

En Enami Pl Planta De Delta ta

Altiplano is creating a “portfolio” of cash flowing copper and gold assets to leverage the return of the mining investment cycle and benefit from the liquidity of the copper and gold markets. Acquire projects to leverage good grade and mineralogy by expanding operations and infrastructure whilst reducing costs, increasing resources, improving grade and generating positive cash flow. La Serena sits in a prolific mineral belt with some 100 projects located within a 100 km

  • radius. Altiplano’s capable technical team is

continually evaluating projects to add value to the company. Excellent region for project/land consolidation.

Alt Altip ipla lano Pla lant Pla lant Pla lant Pla lant Ma Maria Lui Luisa

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 15 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

FIND A GOOD PROJECT

LEVERAGE CASH FLOW GENERATE VALUE EXPAND, REPEAT AND MONETIZE

Management has a successful track record of investing in undervalued assets, adding value through technical and market expertise; and delivering returns to shareholders

FOCUS ON COST EFFICIENCIES

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 16 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

Building on strong local relationships

  • Altiplano has developed strong stakeholder support
  • In-country management team
  • Open and transparent communications with the community

Commitment to local workforce

  • Local services and operators are used for all mining
  • Health and Safety Plan in place to ensure well being of contractors and staff.
  • COVID – 19 Protocols strictly observed

Focus on the environment and sustainability

  • Altiplano is focused on high safety standards, environmental management,

productivity, and delivering positive outcomes for the local community

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 17 TSX.V: AP APN | OTCQB: AL ALTFP | WKN: A2 A2JNFG

Cash flow focused – “raising money to make money” Altiplano is creating a “portfolio” of cash flowing copper and gold assets to leverage the return of the mining investment cycle and benefit from the liquidity of the copper and gold markets. The Altiplano and Metals Group team has a demonstrated track record to generate shareholder value complemented with a strong local team to manage in-country opportunities and challenges

$

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Expand operations and infrastructure whilst reducing costs, increasing resources, improving grade and generating positive cash flows.

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TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG 18 Shares Outstanding April 30, 2020 Current Shares

  • utstanding

77,800,000 Warrants (@ average exercise price of $0.17) 8,069,746 Loan Warrants (@$0.10) 8,000,000 Options (@ average exercise price of $0.11) 6,665,000 Fully Diluted 100,534,746

Contact

He Head Of Office

10545 45 Avenue NW 250 Southridge, Suite 300 Edmonton, Alberta Canada www.apnmetals.com Je Jeremy my Ya Yaseniuk Co Corpo porat ate De Development jeremyy@apnmetals.com 1.604.773.1467 Al Alastair McIntyre Ch Chief Executive Officer alastairm@apnmetals.com 1.416.434.3799 Jo John Wi Williamson Ch Chai airman an johnw@apnmetals.com

TSX.V: AP APN OTCQB: AL ALTFP WKN: A2 A2JNFG