Chita Valley Project We are focusing in resource development but also in advancing highly promising targets up November, 2016 to drilling stage.
Disclaimer • The content of this November 2016 Chita Valley Project Presentation “ the Presentation” is intended to be strictly informational has been prepared by Minsud Resources Corp. (the “Company”) on the basis of information and sources believed to be reliable. Certain information contained herein is obtained from third party sources which we believe are reliable but cannot be guaranteed as to its accuracy or completeness. The Company reserves the right, at its sole discretion, to modify all or any part of this Presentation without any liability or notification to any person. This Presentation does not constitute, nor should be construed as, an offer or solicitation of an offer for the purchase of any securities of the Company, nor investment advice or an offering memorandum. Readers should review in conjunction with the Presentation all of the Company's public disclosure available under the Company's profile on www.sedar.com including its Filing Statement dated April 27, 2011 and the risk factors contained therein, and the technical reports on its material properties. • The Presentation does not take account the investment objectives, financial situation and particular needs of any particular person and is not intended to be considered by any person as general advice to any class of persons. You should not rely on the Presentation to make any decision, and if so, you shall bear the entire risk of such decision. You should also obtain relevant and specific professional advice to evaluate and assess the information contained in the Presentation • The Company makes no representation or warranty, nor assumes any responsibility whatsoever, in respect to the Presentation. In no event shall the Company, its directors, officers, employees, agents or advisors be liable for any damages of any kind arising out of or relating to the use of this Presentation, including, but not limited to, any of loss of income or profits, incidental, special, indirect or consequential or any similar losses or damages, whether or not advised of the possibility of damages, and on any theory of liability, arising out of or in connection with the use of the Presentation. • Mr. Howard Coates, Professional Geoscientist, Director of the Company and a geological consultant, is a qualified person as defined by Canadian National Instrument 43-101. Mr. Coates has read and approved the contents of this presentation. • This Presentation must not be disclosed, copied, published, reproduced or distributed in whole or in part at any time without the prior written consent of the Company. 2
Chita Valley Project – General Observations • San Juan Province is the largest producer of precious metals in Argentina, primarily from the prolific El Indio belt. • MSA has consolidated seven properties (Brechas Vacas, Chita, Minas de Pinto, Brechas Vacas Oeste, Chita Norte, Chita Sur and Chita Este) into the Chita Valley Project . Mineral rights cover some 174 square kilometers of highly prospective terrain at elevations under 3,700m ASL. • The Chita Valley exploration project is primarily an early stage prospect with widespread indications of Cu+/-Mo+/-Au+/-Ag mineralization associated with a large Miocene age porphyry/diatreme breccia/epithermal vein complex . The project is a spatially and temporally zoned hydrothermal system that includes an early porphyry style of Cu+Mo mineralization, followed by components of high, intermediate and low sulphidation quartz-base metal +/- Au-Ag mineralization. • Historically (mid-1960 ’s to 2011), several core and reverse circulation drilling campaigns have been completed, with a cumulative total of about 11,600 m. Little systematic exploration completed. • The area exhibits a variety of overlapping styles of alteration, veining and mineralization. These enigmatic features indicate an extended temporal range of magmatic activity and potentially multiple stages of mineralization . • The large size of the property package coupled with the complexity of mineralization styles indicates a clear need for a careful and systematic approach to target definition. • Minsud’s exploration program represents a balance between systematic multidisciplinary exploration and prudent use of limited funding in a poor financial market. The Chita South sector, the first area of concentrated drilling, has reached the major milestone of Resource Estimation . 3
Chita Valley Properties Map (~ 174 km 2 ) “The consolidation of Chita, Brechas Vacas and Minas de Pinto properties into the Chita Valley Project was instrumental for the development of Minsud .” 4
Mines/Projects, San Juan Province & nearby Chile • The new government of Argentina has recently announced measures taken in favor of the mining sector which now confirms a renewed intention to develop the mining industry as a state policy. • San Juan Province has a robust mining sector and recognizes the important economic benefits of responsible development of its substantial mineral resource endowment. 5
Chita Valley Project - Highlights 174 Km 2 land position for exploring in a • mining friendly province, San Juan, Argentina. • NI 43-101 compliant Mineral Resource Estimate for the Chita Deposit includes Inferred Resources of 31.5 million tonnes at a grade of 0.45% Cu . • 2,800 and 3,500 meters elevation . • 35 kms from Bellavista, Dto Iglesia, is all season accessible by 4 AWD vehicle. Chita Valley Region, Glacier Potential • (-1 o C isotherm) All season water supply on the Property ; • Excellent logistic facilities and service from nearby locations ; Minsud's next milestone is to expand deposit and upgrade portion of Chita South Porphyry • Power line to the Yamana Gualcamayo Resources to Indicated + Measured Status for Project 30 kms away from the Project. PEA purposes. • The Agua Negra, 14 km road tunnel is now under construction. 6
Chita Valley Project - Main targets - Lithology and Structural Map The mineral potential of the Chita Valley Project as a whole goes far beyond the known Inferred Resources at Chita South Porphyry. Minsud has concentrated financial efforts in the South Porphyry (PSU) but management has already identified highly prospective targets like Minas de Pinto, North Porphyry, Chinchillones and Placetas with excellent untested potential for increasing overall resources. ”
Chita Valley Project - Main targets - Alteration Map 8
Inferred Resource Statement, Chita South Porphyry. In 2015 Minsud filed a National Instrument 43-101 Technical Report and Mineral Resource Estimate on the Chita Deposit. The Mineral Resource Estimate considers copper as a primary consideration along with molybdenum, gold and silver mineralization, all of which is potentially amenable to surface mining. The latest estimate was published in February 1, 2016. See www.sedar.com I N - PIT M INERAL R ESOURCE E STIMATE S TATEMENT (1-5) Tonnage (Mt) Cu% Contained Cu (Mlb) Au g/t Ag g/t Mo% 31.5 0.45 310.7 0.07 2.2 0.017 (1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. It is noted that no specific issues have been identified as yet. (2)The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category. (3) Mineral Resources were estimated utilizing Gemcom software and conventional block modeling within 3D wireframes defined on a 0.30% Cu cut-off, capped composites and inverse distance grade interpolation. (4)The mineral resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. (5)The 0.30% Cu resource cut-off grade was derived from the Nov 30/15 two year trailing average Cu price of US$3.02/lb, 80% process recovery, 95% smelter payable, US$0.10/lb refining charge, US$12/t process cost, and US$3/t G&A cost. An optimized pit shell was utilized for resource reporting that utilized a US$2/t mining cost and 45 degree pit slopes. 9
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