CORPORATE PRESENTATION December 2019 EXPLORING WITH STRONG PARTNERS AND LEADING-EDGE TECHNOLOGY Pinaya-Copper Gold Project, Peru
Forward-looking Statements The TSX-V has neither approved nor disapproved the contents of this presentation. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this presentation. Certain statements in this presentation constitute “forward - looking statements” or “forward - looking information” within the mean ing of applicable securities laws. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict”, “foresee” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect Kaizen’s current expectations regarding future events, performance and results and speak only as of the da te of this presentation. These include, but are not limited to, statements regarding: Kaizen’s plans to commence a drilling program at Pinaya once all required financing has been received; potential amendments to the planned Pinaya work program to account for the time it took to issue the Authorization to Commence Activities; finalizing renegotiated community and landowner access agreements and local weather conditions; the expectation that future financing will pay for the planned first phase of exploration at Pinaya and the identification and acquisition of high quality mineral projects that match evaluation criteria and align with corporate strategic objectives of the Company. Such statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Kaizen or its mineral projects, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. In making such statements, Kaizen has made assumptions regarding, among other things: general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; ongoing relationships with strategic partners; the timing and receipt of governmental permits and approvals; changes in regulations; political factors; the accuracy of the Company ’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; and currency fluctuations. This presentation also contains references to estimates of Mineral Resources. The estimation of Mineral Resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that ultimately may prove to be inaccurate. Mineral Resource estimates may have to be re-estimated based on: (i) fluctuations in mineral prices; (ii) results of drilling; (iii) metallurgical testing and other studies; (iv) proposed and completed mining exploration programs; (v) the evaluation of exploration and drilling plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits, approvals and licenses. These forward-looking statements are made as of the date of this presentation and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, Kaizen does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this presentation. Forward- looking information is designed to help you understand management’s current views of the Company’s near and longer term prospects, and it may not be appropriate for other purposes. Kaizen will not update any forward-looking statements or forward-looking information unless we are required to by applicable securities laws. 2 The forward-looking statements contained herein are based on information available and are made as of June 28, 2019.
Disclaimer and Qualified Persons The information in this presentation is published to inform you about Kaizen Discovery and its activities. To the extent permitted by law, Kaizen Discovery accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Recipients should make their own enquiries in relation to any investment decisions. This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction, including the United States. Mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and it is uncertain if further exploration will result in the any resource reported herein being delineated as a mineral reserve. NI 43-101 Qualified Persons Pinaya Copper-Gold Project: The scientific and technical information herein related to the Pinaya Project has been reviewed and verified by Mark Gibson, PrNatSci, Chief Operating Officer of the Company, a Qualified Person under the terms of NI 43-101. Mr. Gibson is not independent of Kaizen. The Mineral Resources disclosed herein for the Pinaya Project are reported in the NI 43- 101 Technical Report dated April 26, 2016, “ Pinaya Gold-Copper Project Technical Report” (the “Technical Report”) prepared jointly by Brian Cole, P.Geo. and Ronald G. Simpson, P.Geo. ( Geosim Services Inc.). Both Mr. Cole and Mr. Simpson are independent of Kaizen. 3 3
INVESTMENT HIGHLIGHTS • Pinaya Copper-Gold Project (100% held by Kaizen) − potential for a major discovery: • Current resource open to further expansion with additional step out drilling (north, south and at depth). • Untested and underexplored mineralized occurrences across the project area. • Fully permitted drill program set to commence in 2019. • Strong board and management team with extensive industry experience. • Backed by High Power Exploration Inc. (“HPX”), a private exploration technology company led by Robert Friedland – HPX holds 67% of Kaizen. • Exclusive access to ground-breaking technological hardware and software solutions to address the limitations of existing exploration technology. • Building a select portfolio of high-quality, copper exploration assets in the Americas. 4 Pinaya Copper-Gold Project, Peru 4 4
MANAGEMENT AND TECHNICAL TEAM Eric Finlayson – Interim President and CEO CEO, Cordoba Resources, President of High Power Exploration Inc. (HPX); spent 24 years with Rio Tinto, including five years as Rio's Global Head of Exploration. Greg Shenton Gustavo Zulliger Chief Financial Officer Vice President, Exploration More than 30 years of mining industry experience; Specializes in exploration of porphyry copper and epithermal systems in South America’s Vice President and Director of Ivanhoe Capital Corporation. high-Andes region; 22 years of experience in mineral exploration, project generation, and project evaluation. Mark Gibson Catalina (Katty) Vargas Chief Operating Officer General Manager Chief Operating Officer 24 years of experience working for international of High Power Exploration Inc.; exploration and mining companies active in Peru; formerly with Anglo American. owner and founder of Cavato, a Peruvian consulting services company that provides support to active mining companies in Peru. 5 5
BOARD OF DIRECTORS Eric Finlayson - Chairman CEO, Cordoba Resources, President of High Power Exploration Inc. (HPX); spent 24 years with Rio Tinto, including five years as Rio's Global Head of Exploration. David Boehm Terry Krepiakevich Former senior partner of Grant Thornton Chairman of Audit Committee in Hong Kong, and a director of Ivanhoe Former Chief Executive Officer of Meryllion Capital Pte Ltd. Resources Corp.; former Chief Financial Officer of SouthGobi Resources Ltd. 6 6
WHY COPPER? • Long term supply deficit is forecast due to declining mining grades. • Fewer large mines being commissioned will reduce future supply further. This will lead to an increasing copper price. • Steady increase in demand is forecast, fuelled by growth in emerging economies requiring the metal for infrastructure projects and the growing market for electric vehicles. Projected Mine Production 000s tonnes 22,000 Supply required to meet demand 5.7 million tonne deficit 16,000 by 2030 10,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Operating High Probability Medium Probability Low Probability Mine Supply Requirement 7 7 Source: S&P Global Market Intelligence
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