CORPORATE PRESENTATION October 2019 FORWARD LOOKING INFORMATION - - PowerPoint PPT Presentation

CORPORATE PRESENTATION

October 2019 TSX-V: EVM

www.evrimresources.com

FORWARD LOOKING INFORMATION

This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Evrim Resources Corp. (the "Company“) expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. 3

COMPANY HIGHLIGHTS

Active JV/Alliances

5

Royalties

79%

Exploration work funded by JV partners

• 1. As of Second Quarter Report, June 30, 2019

$30M

Exploration funded by JV partners since inception

$10.5M

Cash

4

2

5

Drill programs In 2019

1

HOW DOES EVRIM STAND OUT AMONG MINERAL EXPLORERS?

5

As a Project Generator, Evrim forms Joint Venture partnerships to fund our exploration programs. In this way, we preserve our cash and avoid share dilution for shareholders. To date, 79% of our overall exploration expenditures has been funded by our exploration partners.

A new project may result from exploration alliances with industry leaders to explore areas we are both interested in, or from our database of early stage precious and base metal projects

GENERATIVE EXPLORATION BUSINESS DEVELOPMENT

Evrim investigates projects on a geological and business case from

• ther companies.

TYPICAL HIGH COST STAGES OF EXPLORATION AND DEVELOPMENT FUNDED BY PARTNERS

DRILLING RESOURCE DEFINITION ECONOMIC STUDIES PERMIT APPLICATIONS ENGINEERING STUDIES The next step is to choose a drill target in a project that shows potential to host an economic mineral deposit. This is achieved through various cash intensive exploration programs. We look for an exploration partner to fund the high risk and costly phases of exploration. This allows us to preserve our capital and minimize share dilution for

• ur shareholders. In return, our

partners earn the option to own the majority of the project by making cash payments and by funding the exploration programs. Keeping a minority interest in the project and participating in the mine development Selling our part of the project for cash Turning our interest in the project into a royalty, bringing revenue to the company EVRIM CURRENTLY HAS 2 ROYALTIES IN MEXICO ON ERMITAÑO AND CUMOBABI GOLD-SILVER PROJECTS

6

PEOPLE

Dave Groves, M.Sc.

VP Exploration

Stewart Harris, P. Geo.

VP Technical Services

John Thompson, Ph.D.

Director

Paul van Eeden, B.Sc.

Chairman of the Board

Paddy Nicol, MBA

President, CEO & Director

David Caulfield, P. Geo.

Director

Mahesh Liyanage, CA

Chief Financial Officer

PROJECTS

ERMITAÑO

7

• Epithermal gold target located three kilometres from

First Majestic’s Santa Elena mine boundary

• Current

Resource: 119,000 gold equivalent

• unces

(indicated) and 659,000

• unces

gold equivalent (inferred) 1,2

• Deepest drill intercepts are 11.2 metres grading 11.1 g/t

gold and 128 g/t silver (EW18-36) and 28.3 metres grading 3.9 g/t gold and 95 g/t silver (EW18-47) 3 Royalties

1. https://www.evrimresources.com/news/2019/evrim-announces-an-expanded-inferred-resource-of-659-000-gold-equivalent-ounces-and-indicated-resources-of-119-000-gold/ 2. Gold equivalent is calculated using a gold to silver ratio of 1:75. Recoveries of 100% are assumed for the calculation of gold-equivalent values 3. https://www.firstmajestic.com/news/2019/index.php?content_id=404 4. https://www.firstmajestic.com/news/2019/index.php?content_id=427 5. https://www.firstmajestic.com/news/2019/index.php?content_id=425

Evrim

• wns

a 2% Net Smelter Royalty

Advanced stage project owned by First Majestic Silver

• First Majestic is currently advancing the Ermitaño West

deposit with an ongoing 32,700 metre drilling program4 with three diamond drills to infill the Inferred Mineral Resource and to extend the deposit at depth to the west.

• First Majestic plans to start production in Q4 20205.

Value Creation

CUMOBABI

8

Evrim

• wns

a 1.5% Net Smelter Royalty

Project operated by First Majestic Silver

• Epithermal gold target located immediately south of the

Ermitaño gold project

• 240 square kilometres of contiguous mineral tenure

located 130 kilometres north east of Hermosillo, the capital of Sonora State, Mexico

• Cumobabi covers the majority of the Cumobabi breccia

district and surrounds the past producing Cumobabi mine. Royalties

BALL CREEK

9

• Copper-gold-moly porphyry and epithermal gold-silver

target in Golden Triangle, British Columbia

• Large land package ~500 square kilometres
• Access to provincial highway and power
• Four separate porphyry systems distributed across the

property and in close proximity to the Triassic/Jurassic unconformity

• The Ball Creek Porphyry has received the majority of

exploration, with the other porphyry systems having seen

• nly limited drilling

Value Creation Joint Ventures

1,600 metre drill campaign underway on the Main zone to extend the known zone of mineralization, and the Goat zone which has never been drill tested.

Golden Ridge can earn up to an 80% interest with $16.5 million in exploration, $4.25 million cash, and a compliant feasibility study over fifteen years.*

Partnership with Golden Ridge (TSX.V:GLDN)

ASTRO

10

Newmont may earn an 80% interest by making staged cash payments totaling US$600,000 to Evrim and solely fund a NI 43-101 compliant pre-feasibility study on a minimum two million ounce gold resource.

• Astro covers a 10 kilometre-long trend of soil and rock

chip gold anomalism with significant gold results from the Radio, UV and Microwave prospects

• Vertical chip-channel sampling at the Radio prospect

returned 26 metres grading 3.3 grams per tonne (“g/t”) gold, and drill hole RAD19-01 intersected 1.36 g/t gold

• ver 10.7 metres including 3.13 g/t gold over 3.05

metres.

• Additional chip-channel sampling at the Microwave

prospect returned 3.6 g/t gold over 18 metres and 3.1 g/t gold over 8 metres from trenches normal to structures.

• New UV discovery returned 6.1 g/t gold over 4.0 metres

from chip-channel samples Joint Ventures

Partnership with Newmont Mining (NYSE: NEM)

Value Creation

Astro is a new discovery in the Northwest Territories

CERRO CASCARON

11

HVG may earn in up to 80% interest with $6M in exploration, $1.1M cash, 2M shares to Evrim, and a compliant feasibility study over nine years

• A 69 square kilometre low-intermediate sulphidation

epithermal target prospective for high grade gold and silver mineralization

• Select grab samples of up to 1,670 g/t gold at Serpiente

Dorada and 1,170 g/t silver at La Cascarita

• Drilling at Serpiente Dorada intersected 20 g/t gold and

23 g/t silver over 1 metre and is open along strike and at depth

• Large concession contains several other untested vein

systems Joint Ventures

Partnership with Harvest Gold (TSX-V:HVG)

NEWMONT ALLIANCE

12

Generating greenfield exploration

• pportunities

in North America. Evrim and Newmont spent US$1,840,000

• ver two seasons of generative exploration.

About the alliance

• Second exploration alliance with Newmont
• Regional

database compilation and target area geochemistry including Newmont’s proprietary bulk leach extractable gold (“BLEG”) analysis

• Newmont has the exclusive right to select a project

within the designated area and fund a 43-101 prefeasibility study on a minimum 2.0 million gold resource and $200,000 cash payments to earn an 80% interest

Value Creation New gold discovery at Astro Alliances

YAMANA GOLD ALLIANCE

Royalty free access to Yamana’s dataset in the western United States for gold and base metal project generation

About the alliance

• The dataset contains information from more than 7,000

locations ranging from early stage exploration to advanced projects

• Evrim will compile a fully digital and comprehensive

dataset to generate new targets and ideas within the designated area

• Should Evrim acquire a project within the designated area,

Yamana will have the exclusive right for 60 days to enter into an

• ption

agreement by spending at least US$1,000,000 for initial exploration expenditures and US$450,000 cash payments to earn a 75% interest

LLANO DEL NOGAL

13

Copper-gold porphyry and epithermal gold-silver project

• A 104 km2 property 35 kilometres northwest of La Caridad
• Suanse porphyry target displays copper-in soil anomaly,

secondary biotite, epidote-altered sheeted breccia,

• xidized propylitic zone and coincident mag signature
• Property also hosts high-level epithermal vein system at

Campo Colorado

• Cost-effective work program of mapping, geochemistry and

geophysics to define drill targets available to interested parties

• Subject to a 1% NSR on base metals and a 1.5% NSR on

precious metals payable to Altius Minerals SEEKING JV PARTNER

*

SARAPE

14

• A 5,776 hectare low-intermediate sulphidation target held

100% by Evrim

• Located within the Rio Sonora valley 20 kilometres east of

Premier Gold’s Mercedes mine

• Initial drilling by Coeur tested 380 metres of strike length
• n Sarape vein and identified boiling textures and green

quartz 100-250 metres below surface

• Approximately three kilometres of Sarape vein and over

two kilometres of Chiltepin vein remain untested SEEKING JV PARTNER

• 1. Ermitaño resource: https://www.evrimresources.com/news/2019/evrim-announces-an-expanded-inferred-resource-of-659-000-gold-equivalent-ounces-and-indicated-resources-of-119-000-gold/
• 2. Exploration results released on July 23rd, 2019 https://evrimresources.com/news/2019/evrim-announces-exploration-results-from-sarape-project-mexico/

Epithermal gold-silver project

LA LOLA

15

SEEKING JV PARTNER

Early stage exploration property, low- intermediate sulphidation epithermal system

• 100% owned by Evrim – undrilled project
• 6,309 hectares project in the Sierra Madre in northern

Sonora

• Vein field 5 kilometres by 5 kilometres with individual vein

widths up to 40 metres (La Barra vein)

• Limited rock-chip sampling of up to 58 g/t gold and 424

g/t silver

• Detailed mapping and sampling to define drill targets

CUALE

16

• Located approximately 30 kilometres south of Puerto

Vallarta in Jurassic rocks of the Guerrero terrane

• 230 square kilometres land package
• Initial work at La Gloria prospect identified extensive

high-grade gold developed through mechanical enrichment (deflation) of a lateritized stratabound copper- gold horizon

• Terrane has similarities to the rocks hosting the Eskay

Creek deposit in BC, the Hot Maden deposit in Turkey and the Madnueli deposit in Georgia

• Large land package largely unexplored – available for

cost-effective grass roots program employing drainage sampling and experienced prospecting

100% owned project

Early-stage VMS and volcanogenic epithermal target area in Jalisco, Mexico

LEMON LAKE

17

SEEKING JV PARTNER

Early-stage exploration property prospective for gold-rich copper porphyry mineralization1

• 2,646 hectare project in central British Columbia
• Near excellent mining infrastructure, with road access
• A copper-gold porphyry target located between the Mt.

Polley mine and Woodjam deposit

• Coincident soil and IP chargeability anomaly that has not

been tested

• Property is ready for an RC drilling program to test

beneath the thin till cover to define the centre of the porphyry target within the large geophysical, geochemical and alteration footprint.

COMPANY INFO

SHARES OUTSTANDING

85M

$241k/MTH

BURN RATE

~$4M

• EST. PARTNER

FUNDED WORK FOR 2019

18

14% 10% 8% 6%

TSX-V:EVM

NOTES

Investor Relations: Liliana Wong lilianaw@evrimresources.com d: 604-425-3400 c: 778-929-3382 Other Inquiries: info@evrimresources.com 604-248-8648

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