Expanding Gold Resources in the USA NOVEMBER 2016
Forward-Looking Statement Information set forth in this presentation may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risks associated with outstanding litigation, if any; risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in uranium, gold and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. Dr. D.R. Webb, B.A.Sc., M.Sc., Ph.D., P.Geo. is the Q.P. within the meaning of NI 43-101 and has reviewed and approved the technical content of this presentation. 2
GMV Minerals Strategy GMV has a highly experienced technical team solely focused on realizing the full mineral potential of the Mexican Hat Gold Project. Mission & Vision To become a leading gold development company by advancing the Mexican Hat Gold discovery to the production stage. 3
Overview • GMV Minerals (TSX-V: GMV) is focused on developing the Mexican Hat Gold project in S.E. Arizona (100% interest) • Mexican Hat has an Inferred Mineral Resource of over half a million ounces of gold * • The project spans approximately 2,316 acres, forming one of the most promising gold development opportunities in the western United States • The mineralization at Mexican Hat is open in all directions • Excellent capital structure: 32.3M shares outstanding (tightly held) * 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold using a 20 gpt capping grade and a 0.20 gpt cut-off grade 4
Capital Structure Stock Symbol: TSX-V: GMV (as of Nov 2016) Issued & Outstanding 32,256,956 Options 2,395,000 Warrants 1,000,000 ($0.15 Expiry: Dec. 2017) 1,774,675 ($0.30 Expiry: Jan. 2018) 3,103,787 ($0.65 Expiry: Mar. 2018) Fully Diluted 40,530,418 Cash Position CAD $3.6M Legal Fasken Martineau DuMoulin LLP Auditor Manning Elliott LLP Transfer Agent Computershare 5
Arizona Mining-Friendly Jurisdiction • The Mexican Hat Gold property is located in Cochise County, Arizona - 72 miles ESE of Tucson • Arizona is a mining-friendly jurisdiction, with the industry generating over 40,000 jobs for the State • Mining companies paid $206 million in business tax/royalties; Employees paid $100 million in taxes to the Arizona government in 2014 • Mining had a $4.3 billion economic impact on Arizona’s economy in 2014 Source: Azmining.com 6
Mexican Hat Overview • Inferred Mineral Resource with 531,400 ounces of gold • The resource assumes an open pit scenario suited to a heap leach extraction process • Mineralization is open in all directions and at depth • Preliminary metallurgical studies demonstrate recoveries ranging from 88.4% to 96% • Extensive exploration by Placer Dome (late 1980’s and early 1990’s) • Over 180 drill holes from past programs (approx. 22,000m) • GMV has tripled the project’s land position since acquiring Mexican Hat in 2014 (2,316 acres total) Grades, tonnes, grams and ounces are rounded for presentation and totals may not add up. A gold price of US$1,225 is assumed. * See NI 43-101 Report dated February 20, 2015 An Inferred Mineral Resource* of 23.4 million tonnes grading 0.70 gpt gold using a 0.2 gpt cut-off, 20 gpt top cut on 8 solids using ID 2 extrapolations on block models defined on each solid (Webb and Malahoff, 2015) 7
Mexican Hat Geology and Mineralization • The Mexican Hat project is a low sulphidation, structurally controlled epithermal gold deposit • Primary mineralization consists of oxides with gold in a metasomatic assemblage of carbonate, epidote, chlorite and minor silica along fractures and fault zones within a tilted conformable package of Tertiary rocks • Deep oxidation has taken place with sulphides replaced primarily by hematite and limonite • Mineralization consists of free gold within Mexican Hat Gold Property fractures, faults and open space throughout the property • All rocks are oxidized to at least 200m with minor weakly oxidized rocks report 95% gold recoveries 8
Previous Exploration Highlights • Notable companies that previously worked on the property were Santa Fe Mining and Placer Dome • 154 drill holes totaling 18,939m (62,120 feet) were drilled (1989 – 1992); Previous maximum drill depth to approx. 200m • 2,100 channel samples, 93% recoveries with bottle roll cyanide leach testing, low NaCN and lime consumption • Exploration focused on an area 914m NE-SW by 304m NW-SE (3000 feet by 1000 feet) • Additional work completed on adjacent zones by Santa Fe Mining included 3,800m drilling 9
Current Exploration Highlights • 16 trenches were opened and continuously chip sampled using a mechanical chipping hammer • 567 chip and grab samples were collected and analyzed for gold plus selected trace elements • Four (2011) diamond drill holes were selected for re-logging and re- sampling • Bottle roll testing was initiated, confirmed and improved on previous work — 2.5 tonne bulk sample was excavated for metallurgical testing 10
Current Exploration Highlights (Cont) • Geological maps and structural analysis were confirmed and refined; Petrographic work completed • Solids were defined, constraining mineralization to specific domains • Geochemical and geophysical surveys underway • A new NI 43-101 Inferred Mineral Resource was developed, Feb. 2015 11
Initial Bottle Roll Test Results Bottle Roll Test – three samples from each of the major rock units on the property were tested All Three Averaged Better Than 96% Recovery For Gold Leach Test Sample ID P80 NaCN Retention Meas. Head Calc. Head Recovery Residue* No µm g/L Hour Au (g/t) Au (g/t) Au (%) Au (g/t) C1 74 0.5 48.0 0.45 0.56 96.4 0.02 Column feed C2 1,901 0.5 96.0 0.45 0.56 82.9 0.10 C3 69 0.5 48.0 0.66 0.85 98.2 0.02 082262 C4 1,671 0.5 96.0 0.66 0.84 80.9 0.16 C5 97 0.5 48.0 0.74 0.97 96.9 0.03 082263 C6 2,600 0.5 96.0 0.74 0.89 95.0 0.05 12
Geophysics GROUND MAGNETIC AND VLF-EM SURVEYS REPORTED BY GAME (2013) CONFIRM STRUCTURAL ELEMENTS AT MEXICAN HAT. Mexic Mexic an Hat an Hat Mt. Mt. 13
Maps AN Roads A B Map view of Mexican Hat Solids EB C used to define the Inferred D Mineral Resource, VF February 2015. H (SMAG) 0 100 Map view of Mexican Hat Solids (excluding Solid A and C) used to define the Inferred Mineral Resource, February 2015. 14
Potential Open Pit Layout INITIAL PIT MODEL TO ESTABLISH CUT-OFF PARAMETERS REVEALS A LOW STRIP RATIO. 15
Next Steps Current Development of Mining Plan of Operation Jun – Dec Conduct metallurgical bulk sampling Current Gather baseline regional data Q4 Conduct Geochemical & Geophysical Surveys Conduct drill program to extend known areas of Nov – Mar mineralization Commence Environmental Assessment Q2 2017 (NEPA Process) Q2 2017 Commence Preliminary Economic Assessment 2017 File Mining Plan of Operation 16
Key Personnel MANAGEMENT Ian Klassen, B.A. (Hons.) – President & CEO Michele Pillon – Chief Financial Officer Dr. D.R. Webb, B.A.Sc. (Engineering), M.Sc. Ph.D., P.Geo. – Acting Project Manager Ronald L. Handford, P.Eng. MBA – Vice President, Communications BOARD OF DIRECTORS Alistair MacLennan – Chairman Douglas A. Perkins, B.Sc., FGAC – Independent Director Carl Hale, P.Geo – Independent Director Robert Coltura – Independent Director ADVISORS Dr. Roger Newell, Ph.D (Mineral Exploration) Fred Brost, P.E. (Biographies are available on the Company website) 17
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