BUILDING VALUE IN ARGENTINA PRESENTATION JUNE, 2018 - - PowerPoint PPT Presentation

BUILDING VALUE IN ARGENTINA

PRESENTATION JUNE, 2018

FORWORD-LOOKING STATEMENTS

This presentation includes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statement, other than statements of historical fact, included herein including, without limitation, statement regarding anticipated completion of engineering studies, potential results of drilling and assays, timing of permitting, construction and production and other milestones, and Marifil's future operating or financial performance are forward-looking statements. Estimates of reserves and resources area also forward-looking statements in that they involve estimates

• f the mineralization that would be encountered, based on interpretation of drilling results and certain

assumptions, if a deposit were developed and mined. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Marifil's expectations include financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and Native groups in the development of Marifil's properties; the need to obtain permits and governmental approvals; risks of operations such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, fluctuations in metal prices and currency exchange rates, and other risks and uncertainties disclosed in Marifil's Annual Information Form for the current year, filed with the Canadian securities and regulatory authorities, and in other Marifil reports and documents filed with applicable securities and regulatory authorities from time to time. Marifil's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Marifil assumes no obligation to update forward-looking statements of management beliefs, opinions, or other factors should they changes.

2

……………………………………………………..………….

02

COMPANY OVERVIEW

Diversification

03

100% focus on Argentina Alkali Minerals – Lithium Precious Metals – Gold Base Metals – Cobalt

Growing foreign investment confidence Business friendly reforms in progress Country-wide unified mining code Secure land tenure

04

MINERAL PROPERTY LOCATIONS

1 2 3 4

LITHIUM PROSPECTS

S Mina S Incahuasi Cachari Pampa Sur Cachari Pampa S Ratones Salinita Diamante Hombre Muerto Archibarca

N

10 5 10 Kilometers Antofalla del Fraile Fraile Ratones Cachari Pampa Sur

Marifil Properties Salt Lakes

06

ARGENTINA

• The Ratones & Fraile

exploration rights total 6,528 has. and cover portions of brine salars

• The Lithium Properties

cover southern portions of the Carachi Pampa salar in Catamarca and are composed of the Carachi Pampa III claim of 2,569 hectares and the Carachi Pampa IV claim of 6,170 hectares

*Currently significant drilling activity in the north of the Cachari Pampa Sur

• Marifil also has a 1% NSR
• n the Carachi Pampa

claims where an industrial development of oil shale fracking sand is underway.

MARIFIL LITHIUM PROJECT

A competitor is drilling in the north of the Cachari Pampa salar

TOTAL HECTARES: 15,267

“Marifil has launched an aggressive lithium property acquisition and exploration campaign” - Roberto Abenante, CEO Marifil is now able to leverage it’s lithium exploration database which it developed a decade ago

MARIFIL LITHIUM EXPLORATION

07

CHILE ARGENTINA BOLIVIA PARAGUAY

MARIFIL LITHIUM – RATONES CLAIM

08

Reconnaissance samples taken Sample values: 14 ppm Li, 134 ppm K and 141 ppm B Further exploration is warranted

1 2 3

Next step = Vertical Electrical Sounding Geophysical Survey

4

GOLD DEPOSIT

In mining friendly Province of Rio Negro

10

SAN ROQUE- LOCATION IN ARGENTINA

Gulf of San Matías

San Antonio Port

Las Grutas

City of Viedma Puerto Madryn

San Roque

MENDOZA RIO NEGRO PROVINCE BUENOS AIRES LAS GRUTAS

SAN ROQUE PROJECT STATUS

Advanced exploration stage epithermal polymetallic deposit (Au, Ag, In, Pb, Zn) US$7.5 M spent on property Patented mineral rights Partnership with Novagold Resources Inc

1 2 3 4

11

Patented mining claims Free of private royalties Excellent infrastructure:

• Low elevation
• Paved highway
• Railroad siding on property
• 65 km to ocean port
• High tension power lines
• Labour and water available

Local communities support

SAN ROQUE PROJECT ADVANTAGES

1 2 3 4

12

SAN ROQUE PROJECT OBJECTIVES

§ Target is a bulk mineable zinc-gold of +5 M oz Au Eq § Alternative smaller heap leach oxide gold § Underlying porphyry Cu-Mo possibilities

Potential porphyry Cu-Mo deposit Drilling Zone – epithermal poly sulfide with anomalous moly

13

108 holes for 15,837 m All holes show mineralization

• Max. vertical penetration = 175 m

Drill highlights include:

• 143 m of 0.74 g/t gold, 27.2 g/t silver,

0.37% lead, 0.55% zinc

• 12 m of 174 g/t indium
• 120 m of 1.16 g/t gold &10 g/t silver
• 81 m of 0.85 g/t gold & 9 g/t silver
• 233 m of 0.64 g/t gold & 11 g/t silver

SAN ROQUE DRILLING

1 2 3 4

14

SAN AN ROQU ROQUE TARG ARGET ZON ONES WIT WITH H IP IP SURV RVEY Y RE RESULTS

15

Gold Drilling Zone

Two pending drill holes Two pending drill holes Proposed trenching

SAN AN ROQU ROQUE GOL OLD ZON ONE

ZONE 34 DRILL HOLES – SAN ROQUE, ARGENTINA

16

ZONE 34 CROSS SECTION A-A’– SAN ROQUE, ARGENTINA

SAN AN ROQU ROQUE ZON ONE 34 CROS ROSS SECTION ION A A – A’ A’

17

SAN AN ROQU ROQUE POT OTENTIAL IAL

Excellent location Target rich

• Combined drilling, geochemistry & geophysics define several

near surface drill targets in the hundreds of millions of tonnes Zone 33 2011 scoping study indicates 30-60 Mt at 1-1.2 gpt AuEq at a 0.5-0.75 gpt AuEq cutoff (non-43-101 compliant)

• Mineralization is Open-Ended

Underlying porphyry Cu-Mo target Potential for world-class zinc-gold discovery

1 2 3 4 5

18

NICKEL/ COBALT DEPOSIT

LAS AGUILAS

Las Aguilas is located in the heart of Argentina and is a Ni/Cu/Co/PM sulfide deposit within a region of excellent infrastructure

LAS AGUILAS - ARGENTINA’S LARGEST NICKEL/COBALT DEPOSIT

ARGENTINA

20

Provinces of Argentina

LAS AGUILAS GEOLOGIC FEATURES

Two parallel nickel sulfide deposits 300 m apart Hosted within variably differentiated mafic/ultramafic intrusions (orthopyroxinite) into gneiss Analogous to other Synorogenic-Synvolcanic Nickel-copper deposits found around the world Assuming 100% metallurgical recovery, COBALT constitutes 22% this deposit’s dollar value (metal prices as of 2/27/2018)

1 2 3 4

21

Based on 79 diamond drill core holes “Global 43-101 resource (two deposits combined)

§ Indicated: 3.3 mt @ 0.41% Ni, 0.42% Cu, 0.03% Co § Inferred: 1.3 mt @ 0.41% Ni, 0.38% Cu, 0.03% Co § Significant credits in platinum & palladium

22

1 2 3

LAS AGUILAS 43-101 RESOURCE

Both deposits open to expansion by drilling

View of drill roads/sites on the East and West sulfide deposits covered by 360 hectares of patented mining claims 100% owned by Marifil. There is no non-governmental royalty load.

LAS AGUILAS SITE VIEW

West Deposit Adit Portal East Deposit

23

LAS AGUILAS WORK PROGRESS

Several high profile mining companies have performed drilling at the Ni-Cu-Co deposit

24

In 2003 BHP-Billiton World Exploration Inc. optioned the Las Aguilas property and did many different technical surveys plus drilling 22 diamond drill core holes for 6,842 meters at a cost of

• approx. US$2 million.

Between 1970 and 1986 a branch of the Argentine government akind to the Geological Survey called Fabricaciones Militares (FM) spent approx. US$6.5 million exploring the Las Aguilas zone. That included 45 diamond drill core holes for 9,800 meters of drilling. In 1999 Western Mining Corporation (WMC) optioned Las Aguilas from Marifil and spent over US$600,000 on an airborne geophysical survey. They did not drill. In 2007 Castillian Resources

• Corp. did 79 diamond drill core

holes for 12,857 meters and spent approx. US$6 million. In 2013 Castillian changed its name to Costal Gold Corp. In 2011 Pacific Coast Nickel commissioned a 43-101 report completed by Wardrop (a Tetra Tech Company) and produced a resource calculation that Marifil uses today. The cost is unknown.

LAS AGUILAS MASSIVE SULFIDES

Typical magmatic segregation semi- massive sulfides Hosted in norite and pyroxinite intrusives (high MgO) Economically significant cobalt

1 2 3

25

LAS AGUILAS GEOLOGY/DRILLING PATTERN

East and West polymetallic sulfide deposits 300 m apart and superimposed on mafic igneous intrusions geology

26

Subsurface long section view with drill hole penetrations

3-D OF LAS AGUILAS WEST SULFIDE DEPOSIT

27

Subsurface view with drill hole penetrations O p

~ 300 meters depth

Open to depth down plunge

28

3-D OF LAS AGUILAS EAST DEPOSIT

Las Aguilas Resource Summary by Wardrop (Tetra Tech), April 29, 2011

• Contains the only/largest known cobalt resource in Argentina
• Preliminary bulk metallurgical recovery tests are favorable
• Wardrop Opinion: “additional exploration expenditures are

warranted” 29

LAS AGUILAS 43-101 RESOURCE DETAIL

TOTAL COST ZONE TONNES

Ni% Cu% Co% Au

(ppm)

Ag

(ppm)

Pt

(ppm)

Pd

(ppm)

NiEq% IND

East 1,036,800 0.52 0.35 0.03 0.09 0.53 0.19 0.19 0.77 West 2,227,000 0.36 0.45 0.03 0.03 0.29 0.15 0.19 0.62 Total 3,263,800 0.41 0.42 0.03 0.05 0.37 0.16 0.19 0.67

INF

East 1,036,800 0.48 0.33 0.03 0.03 0.31 0.05 0.04 0.65 West 1,036,800 0.35 0.43 0.03 0.01 0.01 0.01 0.01 0.53 Total 1,036,800 0.41 0.38 0.03 0.02 0.16 0.03 0.03 0.59

OIL / GAS

Patented oil claims – 20 sq. km 100% owned by Marifil Within the prolific San Jorge oil basin On gas pipeline to Buenos Aires Six shallow 1930s vintage wells show hydrocarbons

EL CARMEN OIL & GAS

1 2 3 4 5

31

EL CARMEN OIL & GAS TARGETS

Target areas in drag folds = potential for 6 mbbl oil + 8 bcf gas

32

Board of Directors

33

• Mr. Abenante is a seasoned executive with extensive public company experience. Mr. Abenante is a Chartered

Professional Accountant (CPA, CA) who also holds a Masters, who has founded and/or served as an officer/director of several public and private companies across various industries, ranging from energy and mining to agriculture technology and life sciences. Roberto Abenante Dick Walters is certified by the American Association of Professional Geologists, and is licensed to practice geology in two states of the U.S. Mr. Walters has worked for 45 years in the mining industry as a mineral deposit explorer and

• developer. At least eight notable mineral deposits have been discovered under his direction, including two that have

become mines currently in production: Mina Martha in Argentina – one of the richest silver mines in the world, and Chandalar – the largest gold placer mine in Alaska. Richard (Dick) Walters

• Mr. Buffone is a geologist with 30 years mineral exploration experience in Argentina, and is a successful independent

Argentinean cattle rancher as well. His background includes dealings in oil properties, acquisitions of hydrological rights and training in agricultural engineering. Daniel Buffone

• Mr. Sweatman is a Chartered Professional Accountant and has operated MDS Management Ltd., a Vancouver-based

management consulting company, since November 1992. He has served as a director and officer of a number of public companies over the past 30 years and is currently a director and the CEO of Eureka Resources Inc (TSX-V: EUK) and a director of Nevada Sunrise Gold Corp. (TSXV: NEV). Michael Sweatman

• Mr. Pearson holds a Honours B.Sc. in Geology and has extensive experience in investor relations as an Investor

Relations Executive with over 35 years experience in the natural resources industry, which includes 30 years of direct investor relations and corporate communications experience. Currently, he is Centerra Gold Inc.’s Vice President Investor Relations. John W. Pearson More than 25 years of capital markets experience as President and Managing Director of Carob Management Ltd, a private management consulting company specializing in providing due diligence services, developing business plans, and the structuring, financing, and management of emerging businesses, specializing in going public transactions in both Canada and the United States. Experience in the mining, oil and gas, green energy, consumer products, biotech, and technology sectors. Greg Burnett

Management Team

34

• Mr. Abenante is a seasoned executive with extensive public company experience. Mr. Abenante is a Chartered

Professional Accountant (CPA, CA) who also holds a Masters, who has founded and/or served as an officer/director of several public and private companies across various industries, ranging from energy and mining to agriculture technology and life sciences. Roberto Abenante

President & Chief Executive Officer

Dick Walters is certified by the American Association of Professional Geologists, and is licensed to practice geology in two states of the U.S. Mr. Walters has worked for 45 years in the mining industry as a mineral deposit explorer and

• developer. At least eight notable mineral deposits have been discovered under his direction, including two that have

become mines currently in production: Mina Martha in Argentina – one of the richest silver mines in the world, and Chandalar – the largest gold placer mine in Alaska. Richard (Dick) Walters

Executive Vice President

• Mr. Buffone is a geologist with 30 years mineral exploration experience in Argentina, and is a successful independent

Argentinean cattle rancher as well. His background includes dealings in oil properties, acquisitions of hydrological rights and training in agricultural engineering. Daniel Buffone

President of Marifil Sociedad Anónima (S.A.)

Alexander McAulay CPA, CA is an experienced public company CFO. Following his articling at MNP LLP, Alex founded the successful Naked Brand Group Inc. (NASDAQ: NAKD) and led the company as its COO and CFO. Alex is the owner

• f a licensed CFO practice firm, ACM Management Inc.

Alex McAulay

Chief Financial Officer

Pedro Vera is an Argentinean citizen and a mineral exploration geologist with more than 30 years’ experience working with global public mining and exploration companies. He is well known in the mining and exploration community, having worked across Argentina, often advising provincial governments on geological issues. Pedro Vera

Exploration Manager

Private Placement Details

35

Warrants @ $0.25 $3,000,000 6,000,000 shares @ $0.50 Offering –12,000,000 Shares Total Shares Outstanding 38,438,290 50,438,290 Total Shares Post Capital Raise Total Raise

* All dollar amounts in CAD

CONTACT US

For More information:

Please visit our website at www.marifilmines.com Or email us at info@marifilmines.com

36