Exploring Canada’s Most Prolific Base and Precious Metals Districts TSX-V: CNX I OTC: CLLXF
3 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF Forward Looking Information This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-look- ing information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identifjed by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as “targets”, “believes”, “expects”, “aims”, “assumes”, “intends”, “plans”, “seeks”, “will”, “may”, “anticipates”, “would”, “could”, “continues”, “esti- mate”, “milestone” or other words of similar meaning and similar expressions or the negatives thereof. By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company’s actual fjnancial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected. Any forward-looking information or statements in this presentation speak only as at the date of this presentation. Except under the applicable securities laws, the Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward looking informa- tion and statements, whether to reflect changes in the Company’s expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based. Given the aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward-looking statements. The technical content of this presentation has been reviewed and approved by JJ O’Donnell, P .Geo, a consultant to the Company, and a Qualifjed Person as defjned by National Instrument 43-101.
4 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF Our Mission To discover and develop base and precious metal rich deposits within established Canadian mining districts
5 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF Our History Focused on base and precious metals districts 1927 2004 2011 2014 2016 2018 Callinan Mines, 777 VMS Mine, Callinan Mines Callinex renews Callinex acquires Announces major founded by discovered on splits into two exploration a portfolio expansion of Jack Callinan in Callinan claims, entities: Callinan focus on base of base and the Nash Creek 1927, has had a commences Royalties and precious precious metals Deposit and major presence production and and Callinex, metals-rich VMS assets at bottom maiden PEA in the Flin Flon royalty payments which holds deposits of zinc cycle Mining District begin the exploration in Manitoba, portfolio today Canada
6 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF Volcanogenic Massive Sulphide Deposits HIGH GRADE Polymetallic deposits often containing zinc, copper, lead, gold and silver FORMATION Deposits occur where mineral rich, superheated water is brought to the surface by volcanic activity DISTRICT SCALE Most deposits occur in clusters that defjne major mining districts, such as Flin Flon and Bathurst PREVALENCE 350 deposits and major VMS occurrences in Canada; Flin Flon and Bathurst Camps are the top two jurisdictions in the nation 1 Source: 1 Mineral Deposits of Canada, Volcanogenic Massive Sulphide Deposits
7 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF Cu Ag Zn Au sedimentation massive sulphide deposits sea floor seawater seepage heat magma
8 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF Corporate Overview Ownership Breakdown Enterprise Value Capital Structure $4.3M 10.6M 28% Management and Associates Market Cap Shares Outstanding $0 600K Institutional and 21% Family Offices Debt Options Outstanding* - Resource Capital Funds (8%) ($3.40 VWAP) $2.6M 400K 49% Retail Investors Cash Warrants Outstanding As of 3/31/2019 ($7.50 VWAP)
9 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF Recent Trading Share Performance $0.51 TSX-V: CNX I OTC: CLLXF Closing Price (10/17/2019) $0.35- $1.35 52-Week Range 19,928 Average Daily Volume (1-mo)
10 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF Our Team Max Porterfield Mike Muzylowski PRESIDENT, CEO AND DIRECTOR GEOLOGIST & ADVISOR Over ten years of experience in natural Involved in the discovery of 12 VMS mines in the Flin resources and fjnancial markets, previously Flon District of Manitoba, Canada. His discoveries with Brazil Resources Inc., Uranium Energy include the Trout Lake mine, which operated from Corp. and US Global Investors. Mr. Porterfjeld 1982-2012. Mr. Muzylowski received the 1988 PDAC is a graduate of Texas Tech University, with a Developer of the Year award and is a 2011 inductee bachelor’s degree in business administration. into the Canadian Mining Hall of Fame. Killian Ruby James Pickell CHIEF FINANCIAL OFFICER GEOLOGIST A Chartered Professional Accountant, formerly Over 40 years of VMS exploration experience globally. an Assurance Partner at Wolrige Mahon Notable discoveries include the Callinan North, LLP (now Baker Tilly Canada) and prior to Konuto Lake and 777 ore bodies within the Flin Flon that, a Senior Manager with KPMG, working district of Manitoba, Canada. Mr. Pickell is a recipient predominantly with public companies. of the PDAC Bill Dennis Prospector of the Year Award for his role in the discovery of the 777 Mine. Alan Vowles GEOPHYSICIST JJ O’Donnell Over 35 years of VMS exploration experience GEOLOGIST within North America and an integral member Over 25 years of VMS exploration experience within of the HudBay team that discovered the Lalor Canada while holding senior positions with Callinex, deposit in Saskatchewan. Mr. Vowles is a HudBay, Selwyn Chihong Mining and Granges. Mr. recipient of the PDAC Bill Dennis Prospector O’Donnell has been instrumental in the exploration of the Year Award for his role in Lalor Mine’s and development of the world-class Howard’s Pass discovery. Zinc Project located in the Yukon, Canada. Canadian Mining Hall of Fame Inductee and PDAC Developer of the Year Award PDAC Bill Dennis Prospector of the Year Award
11 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF 01 Flin Flon District 02 Bathurst District 03 Buchans District 01 03 • Portfolio of advanced stage base 02 and precious metals rich VMS deposits located in Canadian mining districts • All mineral resources start at or near surface • Deposits are located near processing facilities and essential mining infrastructure • Provides exposure to rising metal prices with deposits containing sizeable zinc, gold and silver resources
Quebec 12 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF 134 Bathurst 11 Nash Creek Overview Legend Processing Facility 135 Lead Smelter NEW BRUNSWICK Power Station Power Rail Station 11 180 Rail Bathurst Deep Water Port Caribou Mine & Mill Mine 160 Road City 134 Headway Brunswick Mine #12 8 Superjack Brunswick Mine #6 Heath Steele Mine 20 km
13 Callinex Corporate Presentation TSX-V: CNX I OTC: CLLXF Bathurst Mining District Production History Geological Endowment Mining Infrastructure One of the largest volcanic-hosted Over 45 volcanic-hosted massive Great access to power, water, roads and sulphide belts in the world with more sulphide deposits including the 230Mt processing facilities in a major mining than 130Mt of ore produced, commonly Brunswick No. 12, 70 Mt Caribou Mine district Zn-Pb-Cu-Ag-Au and 69 Mt Heath Steel Mine VMS Deposits Cluster Effect 30 20 BMS #12 10 Pb + Zn (wt. %) Caribou 5 Superjack Nash Creek 3 1 0.1 1 10 100 1000 Million Tonnes Modifjed from Goodfellow, 2003 Clusters of deposits make up the Bathurst Mining District
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