Exploring Chile January 2020 TSXV: ATX Forward Looking Statements - - PowerPoint PPT Presentation

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Exploring Chile January 2020 TSXV: ATX Forward Looking Statements - - PowerPoint PPT Presentation

Exploring Chile January 2020 TSXV: ATX Forward Looking Statements & QP Statement FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements


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Exploring Chile

January 2020

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TSXV: ATX

Exploring Chile / 2

Forward Looking Statements & QP Statement

FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to: the success of exploration activities; mine development prospects; and, potential for future metals production. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “expects” or “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release including statements regarding the acquisition of the Valeriano and Apolo property, the receipt

  • f TSXV approvals, and future exploration and drilling results.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, changes in economic parameters and assumptions, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; the results of regulatory and permitting processes; future metals price; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; labour disputes and other risks of the mining industry; the results of economic and technical studies, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in ATEX’s publicly filed documents. Although ATEX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or

  • intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. NI 43-101 QUALIFIED PERSON STATEMENT The scientific and technical information in this presentation has been reviewed and approved by David R. Hopper, a Qualified Person as defined by National Instrument 43-101 Standards for Disclosure for Mineral Projects. As the Chilean Exploration Manager during Hochschild’s exploration campaigns at the Valeriano project, Mr. Hopper, confirms the veracity of the Hochschild Valeriano data, based upon his person knowledge of the work undertaken and procedures used. David Hopper is a Chartered Geologist of the Geological Society of London, Fellow

  • No. 1030584, and has over 25 years of relevant experience in exploration of porphyry-epithermal mineral deposits. He resides in Santiago,

Chile and is independent of ATEX within the meaning of NI 43-101.

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TSXV: ATX

Exploring Chile / 3

ATEX Resources Inc. –A Wealth of Experience

  • Significant public company experience
  • Management has run a number of successful public companies including:
  • Atacama Pacific Gold:

sold to Rio2 in 2018

  • Andina Minerals:

sold to Hochschild in 2012

  • Established local presence
  • Team has been active in Chile since the early 1990’s
  • Key technical professionals have 25+ years experience
  • A history of significant discoveries in Chile
  • Cerro Maricunga (Fenix Project): discovered 5.2 M oz Au (M&I)
  • Volcan: discovered 8.9 M oz Au (M&I)
  • Salares Norte: staked & optioned to Gold Fields, 3.8 M oz Au & 42.9 M oz Ag (M&I)
  • Lean management structure
  • Focused on maximizing expenditures at the project level
  • Significant ownership stake
  • Management, Board and Advisory Committee own a 37% interest
  • “Friends and Family” own a further 40% interest
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TSXV: ATX

Carl Hansen, CEO & Director (8.9% ownership interest)

Geologist with over 30 years of experience in the mining and exploration industry Previously co‐founder and CEO of Andina Minerals Inc. and Atacama Pacific Gold Corporation, successful Chilean‐focused precious metals explorers which were acquired by Rio2 and Hochschild, respectively. Held senior operational and corporate positions with TVX Gold Inc. including Chief Geologist, New Britannia Mine, Exploration Manager, Americas, Exploration Manager, Czech Republic.

Thomas Pladsen, CFO & Director (8.9% ownership interest)

Finance professional with 30 years of experience as a senior manager or director with public companies. Previously served as CFO of several public companies including Atacama Pacific Gold Corporation, Katanga Mining Limited, Andina Minerals Inc. and Merc International Minerals, Inc.

  • Dr. Albrecht Schneider, Advisory Committee Chairman (9.8% ownership)

Geologist with 40 years’ experience in the mining and mineral exploration industry. Previously the Chairman and co‐founder of Atacama Pacific Gold, general manager and co‐ founder of Andina Minerals Inc. and Senior VP of Exploration, TVX Gold. Instrumental in the discovery of the Cerro Maricunga, Volcan and Salares Norte deposits as well as led the teams outlining the Asacha and Zolotoe deposits in Russia, Kasperske Hory deposit in the Czech Republic, and the Skouries deposit in Greece.

An Accomplished Team

Exploring Chile / 4

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TSXV: ATX

Advisory Committee

Strong Guidance and Direction

Robert Suttie, Audit Committee Chairman

  • Currently Vice President at Marrelli Support

Services Inc. with over 20 years’ experience in corporate accounting and financial disclosure.

  • Through his role at Marrelli, he is currently CFO of a

number of public listed companies. William Jung (2.5% ownership)

  • Over 25 years of experience with publicly‐listed

companies.

  • Holds a Bachelor of Commerce in Accounting from

the University of BC & received his Chartered Accountant designation with Arthur Andersen & Co. Jeff Palmer (3.1% ownership)

  • 40 years of experience in the accounting, consulting &

business management fields.

  • Founded Palmer & Company Business Mgmt., LLC, &

currently President, Garland Palmer Business Mgmt.

  • Member, California Society of Certified Public

Accountants. Hans Rasmussen (1% ownership)

  • Over 35 years of experience in the mining and

exploration business & currently, Senior Vice President of Exploration with Coeur Mining.

  • Served as a Directors of several public junior

exploration companies.

  • Dr. Raymond Jannas (1.3% ownership)
  • Over 35 years’ experience in mining geology & exploration.
  • Headed teams that led to the discovery of Pascua‐Lama, El

Morro & Johanna in Chile, & Choco 10 in Venezuela.

  • Held senior positions with Gold Fields, Barrick Gold, LAC

Minerals, Hochschild Mining, Metallica Resources.

  • Ph.D. from Harvard University.

Antonio Ortuzar V. (0.5% ownership)

  • Managing Partner for Servicios Legales Baker McKenzie SpA.,

Santiago.

  • Leader, Global Mining Group, Baker McKenzie LLP.
  • Involved in all phases of project development from “green

field” to “brown field”, including acquisition, permitting, financing, exploitation, operation and closing. Kevin MacLean, CFA, P.Eng.

  • Over 30 years' experience in metals and mining investments
  • He was the Senior Portfolio Manager heading the resource

investment team at Sentry Investments.

  • 7 Brendan Wood awards for recognition of being a leading

mind in the gold mining sector.

  • Currently, a strategic consultant to resource companies.
  • Dr. Albrecht Schneider (9.8 % ownership)
  • 40 years’ experience in the mining & exploration industry.
  • Previously, Executive Chairman of Atacama Pacific , Senior

V.P. Exploration for TVX Gold and a for numerous companies including Andina Minerals, Antofagasta, TVX Normandy Americas, Newmont Mining, Kinross Gold and Gold Fields.

  • Ph.D. from Imperial College, University of London.

Board of Directors *

* Includes C. Hansen, CEO & T. Pladsen, CFO

Exploring Chile / 5

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TSXV: ATX

Exploring Chile / 6

ATEX Corporate Snapshot

Shares Outstanding:

13,202,595

Warrants ($0.20):

10,000,000

Options ($0.25):

1,195,000

Fully Diluted:

24,397,595

Trading Price:

$0.30

Market Cap. (undiluted):

$3,960,000 Share Distribution

Friends and Family 40% Insiders 25% Retail 23% Advisory Committee 12%

  • Restructured in early 2019 with new management and new focus
  • Renamed ATEX Resources Inc., formerly Colombia Crest Gold Corp.
  • CDN$1.5 M (@$0.15 per share) private placement in 2019 to commence

property reviews and acquisitions

  • Warrants – 5 years at $0.20 strike price
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TSXV: ATX

ATEX –A Strategic Advantage in Chilean Exploration

Santiago Copiapo

APOLO VALERIANO

  • Team has an exceptional record of exploration success
  • Outstanding connections throughout the Chilean exploration and

mining industry provides a pipeline of quality exploration projects

  • A proven exploration strategy with a mix of early and advanced

projects

  • Apolo Project - drill ready
  • Epithermal high sulphidation gold silver
  • Defined target that can be tested quickly
  • Disciplined approach – continue only if goals are achieved
  • Minimal initial option payments
  • Valeriano Project – resource drilling stage
  • Copper gold molybdenum porphyry
  • Target established and economic parameters considered
  • Path to resource estimation defined
  • Expenditures can have oversized positive impact

Exploring Chile / 7

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TSXV: ATX

Exploring Chile / 8

Valeriano Copper Gold Project

A major copper gold system in Chile’s prolific El Indio Mineral Belt

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TSXV: ATX

Valeriano Copper Gold Project

NuevaUnion Project

Newmont Goldcorp / Teck

9 M oz Au & 18 B lb Cu 577 Mt @ 0.48 g/t Au (P&P) 2,014 Mt @ 0.40% Cu (P&P)

El Encierro Project

Antofagasta / Barrick

Valeriano Project

ATEX Resources Inc.

Chollay Project

Barrick

Pascua‐Lama Project

Barrick

21 M oz Au & 730 M oz Ag (M&I) 435 Mt @ 1.5 g/t Au & 53 g/t Ag

Veladero Mine

Barrick / Shandong

7.6 M oz Au (P&P + M&I) 355 Mt @ 0.68 g/t Au

Taguas Project

Orvana

0.5 M oz Au / 18 M oz Ag (inferred) 38.6 Mt @ 0.51 g/t Au Eq.

3,795 hectares located in the El Indio Mineral Belt

  • Region of world class mineral deposits
  • Teck, Newmont Goldcorp, Barrick,

Antofagasta and others actively exploring

  • Barrick is the dominent claim-holder in the

immediate area Mineral rights have been controlled by SCM Valleno, a local Chilean firm, since 1986 Historical drilling established two styles of mineralization at Valeriano

  • Epithermal gold mineralization near surface
  • 89 m grading 1.50 g/t Au (RDH V-27)
  • Copper gold porphyry at depth
  • 1,194 m grading 0.52% Cu, 0.24 g/t Au and

36 ppm Mo (0.73% Cu eq) (VAL13-14)

Road accessible and drill ready

Exploring Chile / 9

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TSXV: ATX

Valeriano – Geology

  • 13 x 4.5 km alteration zone (lithocap)

extending from Valeriano northward

  • ver Antofagasta/Barrick’s El Encierro

Cu/Au property

  • Largely underlain by altered felsic

volcanics and volcanoclastics intruded by breccias, diorite dikes and a mineralized granodiorite porphyry

  • Historical drilling outlined near-surface

epithermal Au mineralization

  • 3 holes drilled by Hochschild in 2013

intersected a Cu/Au/Mo porphyry system beneath a sequence of altered and mineralised host rocks

  • El Encierro - Antofagasta Minerals

earned a 51% interest from Barrick by spending US$25 million and completing a PEA by January 2020.

Exploring Chile / 10

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TSXV: ATX

Valeriano – Exploration History

1986 SCM Valleno Jozsef Ambrus stakes Valeriano property 1988 Rayrock Geological mapping and surface sampling 1989 – 1991 Phelps Dodge Drilled 6,403 m (9 DDH & 18 RC) targeting shallow Cu - Au 1995 – 1997 Barrick Mapping, sampling, geophysics (mag & IP) & drilled 6,175 m (20 RC) 1998 – 2009 No major exploration programs 2010 – 2014 Hochschild Systematic exploration campaign with 14,270 m (16 DDH) drilled Season 1: 8 holes from 400- 800 m deep – identified phyllic alteration and B-veins Season 2: 5 holes from 800-1,200 m deep – identified stockwork A & B-veins – chalcopyrite, pyrite, pyrite-enargite-covellite Season 3: 3 holes from 1,540 to 1,878 m deep – 2 holes cut a potassic-altered granodiorite Cu-Au porphyry – A, B, BBV-veins – chalcopyrite-bornite Option terminated due to poor market conditions

Exploring Chile / 11

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TSXV: ATX

Valeriano – Porphyry and Epithermal Mineralization

Copper gold molybdenum porphyry mineralization cut by three diamond drill holes

  • 2 holes cut the higher grade

granodiorite porphyry

  • 1 hole cut well developed potassic

altered breccias immediately adjacent to the granodiorite

  • Altered rhyolites and dioritic dykes

above the granodiorite are strongly mineralized, +0.5% Cu eq.

Near surface high-sulphidation epithermal gold

  • Genetically related to the underlying

porphyry mineralization

  • Associated with breccias and felsic

volcanics.

Exploring Chile / 12

0.4 Cu eq. cut off

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TSXV: ATX

Valeriano –Assay Highlights from 2012/2013 Drilling

Historical Hochschild Drilling (2012/13) with Copper Gold Porphyry Intersections Highlighted Hole # From To Length Cu Au Mo Cu Eq. Rock Type

(metres) (metres) (metres) (%) (g/t) (ppm) (%)

VAL12-09 668 742 74 0.37 0.18 186 0.59 rhyolite & diorite porphyry 900 1,748 848 0.47 0.16 89 0.64 breccias & diorite VAL13-14 614 1,808 1,194 0.52 0.24 36 0.73 multiple lithologies comprising 614 1,170 556 0.45 0.20 44 0.63 rhyolite & diorite porphyry including 1,170 1,704 534 0.61 0.29 36 0.86 granodiorite porphyry including 1,288 1,704 416 0.67 0.32 31 0.94 granodiorite porphyry and 1,596 1,670 74 0.85 0.41 13 1.19 granodiorite porphyry and 1,704 1,808 104 0.37 0.20 3 0.53 inter-mineral porphyry VAL13-16 270 446 176 0.24 0.28 121 0.52 rhyolite & diorite porphyry 476 520 44 0.37 0.19 70 0.55 rhyolite & diorite porphyry 576 1620.8 1,044.8 0.39 0.17 54 0.54 multiple lithologies including 1214 1620.8 406.8 0.46 0.17 61 0.62 granodiorite porphyry

NOTES

  • 1. Intervals are composited at a 0.40 % Cu equivalent cut-off.
  • 2. Cu equivalent grades are calculated based upon a Cu price of $2.60 per pound, Au price of $1,450 per ounce and Mo price of $11.00 per pound (all prices in US$). Minor

discrepancies may exist due to rounding. Metal recoveries were not considered.

  • 3. Formula for Cu Eq.% calculation: Cu Eq.% = ((Cu %/100 * Cu $/tonne)+(Au g/t * Au $/gr.)+(Mo%/100 * Mo $/tonne)) / Cu $/tonne
  • 4. Insufficient information is available to estimate the true widths of the drill hole intervals or mineralized zone.

Exploring Chile / 13

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TSXV: ATX

Valeriano – Mineralized Granodiorite Cu/Au Porphyry

DDH VALDD13-014 @ 1,457 m Potassic altered granodiorite: 0.75% Cu & 0.33 g/t Au (1.03% Cu eq.) chalcopyrite veinlets hematite-magnetite veinlets potassic alteration: k-feldspar, biotite with hematite-magnetite. disseminated pyrite quartz-chalcopyrite- molybdenite veinlets DDH VALDD13-014 @ 1,712 m Potassic altered granodiorite: 0.74% Cu & 0.73 g/t Au (1.34% Cu eq.) bornite replacing chalcopyrite potassic alteration: k-feldspar, biotite. quartz-chalcopyrite veinlets A-type quartz veins

Exploring Chile / 14

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TSXV: ATX

Valeriano – IP Survey Outlines Porphyry System

VAL12‐09, VAL13‐14 & VAL13‐16 collared 150 m, 250 m and 250 m sound of Section 6779750 N

Exploring Chile / 15

Granodiorite

pyrite halo? pyrite halo?

Granodiorite

Resistivity Chargeability

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TSXV: ATX

Valeriano – Hypothetical Access Options

Quartz-chalcopyrite-bornite veinlets

  • 6.1 km ramp at 10% would access the top of the granodiorite porphyry
  • Approximately 1,000 m below surface

NOTE: The location and nature of the access shown are speculative in nature and no engineering has been undertaken to assess their technical or economic viability

Exploring Chile / 16

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TSXV: ATX

Valeriano Option Agreement Terms

Santiago Copiapo

VALERIANO

Cash ATEX Units6 Work Commitments Interest Earned

On Signing

(Aug 29, 2019)

$350,000

  • Aug 2020

$300,000 1 1.0 million 2,3 Nil Aug 2021 $250,000 1.0 million 3 Aug 2022 $3,500,000 4 $10,000,000 49% Aug 2023 Nil Nil Nil

  • Aug 2024

$8,000,000 5 Nil $5,000,000 100%

Totals $12,400,000 $15,000,000 100%

1. Payment of $300,000 may be delayed until the commencement of drilling activities. 2. The issuance of the Year 1 Units may be delayed until the commencement of drilling activities. 3. The issuance of Units will be delayed if their issuance results in the creation of an insider until such time as the issuance does not create an insider. 4. 50% of the payment may be made in shares of ATEX at the option of the Company. 5. 50% of the payment may be made in shares of ATEX at the option of SCM Vallero.

6. Units comprise 1 share and 1 full warrant exercisable at a price of $0.40 over a period of 4 years

The Valeriano property is subject to a net smelter royalty of 2.5%

Exploring Chile / 17 All figures are in US$

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TSXV: ATX

Apolo Project – Northern Maricunga Mineral Belt

  • Located within the northern extension of the

Maricunga Mineral Belt

  • Comprises 3 groups of concessions
  • Roma Property (6,800 Ha)
  • Alicia Property (6,200 Ha)
  • Condor Property (1,900 Ha)
  • High sulphidation epithermal Au/Ag projects
  • Properties located ~30 km from Gold Fields’

Salares Norte development project

  • (Reserves of 21.1 Mt @ 5.1 g/t Au & 57.9 g/t Ag)
  • Alicia & Roma Properties
  • Substantial field work completed to-date
  • Rock and soil geochem sampling,

geological and alteration (PIMA) mapping

  • Drill targets defined
  • May test with geophysics to prioritized

drilling

  • Condor Property
  • No work completed to date.
  • Large alteration system identified

Exploring Chile / 18

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TSXV: ATX

Apolo – Roma Property

Legend

3.5 to 19.5 ppb Au 1.6 to 3.5 ppb Au 1.0 to 1.6 ppb Au Volcanic domes Structural lineaments

Roma Property – Soil Geochem

2.5 km property boundary

Exploring Chile / 19

  • Targeting high sulphidation epithermal Au/Ag
  • 1,187 soil and rock geochem samples
  • Up to 211 ppb Au (rock chip) with high

pathfinder element anomalies – As (898 ppm), Bi (86.7 ppm), Hg (82.7 ppm), Te (15.2 ppm)

  • Four target areas defined base on coincident:
  • anomalous geochem
  • volcanic domes
  • Advanced argillic alteration with localized

steam‐heated alteration

  • Impermeable lavas and colluvium covering

preserving much of the hydrothermal system.

volcanic dome with 211 ppb Au Roma south area looking NE

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TSXV: ATX Legend

3.5 to 14 ppb Au 1.6 to 3.5 ppb Au 1.2 to 1.6 ppb Au Volcanic domes Structural lineaments

Apolo –Alicia Property

property boundary areas of sampling 2.0 km

Exploring Chile / 20

Alicia Property – Soil Geochem

  • Targeting high sulphidation epithermal Au/Ag
  • 1,128 soil and rock geochem samples
  • Up to 76 ppb Au (rock chip) with high pathfinder element

anomalies incl. As (517 ppm), Bi (97.4 ppm), Te (12.2 ppm)

  • Extensive areas of argillic – advance argillic alteration

partially to largely concealed by fresh to weakly alterated volcanics.

  • Three target areas defined base on coincident:
  • anomalous geochem
  • volcanic domes
  • Advanced argillic alteration with localized steam‐

heated alteration

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TSXV: ATX

Apolo Concessions Option Agreement Terms

Santiago Copiapo

APOLO

Cash Drilling Commitments Interest Earned

On Signing

(July 18, 2019)

$145,000 Year 1 $85,000 3,000 m

  • Year 2

$85,000 5,000 m

  • Year 3

$85,000 5,000 m

  • Year 4

$7,200,000 N/A 100% Totals $7,600,000 13,000 m 100%

All figures are in US$

Apolo Concessions are subject to a total net smelter royalty of 2.0%

ATEX may purchase 3/8th of the 2% NSR (net 0.75%) for US$6 million for a period of 1 year from the date on which the first of the feasibility studies has been completed.

Exploring Chile / 21

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Exploring Chile / 22

22,000 23,000 24,000 25,000 26,000 27,000 28,000 2019 2020 2021 2022 2023 2024

Copper – Structurally Supported by Fundamentals

Refined Production Probable Projects (including greenfield and unannounced mine expansion) Thousand Tonnes

“Probable Projects” sufficient to only fill the low range of project demand assuming all projects are developed.

Copper mine supply is limited and project pipeline is weak

  • Mine production to grow slowly to 2024 and then start to decline

Inventories remain low by historic standards

  • Production cuts at existing Asian smelters & lower scrap availability
  • Chinese imports shifting to concentrates with +3 Mt of smelter projects in the pipeline to 2023 increasing demand

Demand is growing

  • Decarbonization of the economy will drive copper demand
  • Assuming annualized 2% copper growth, demand will continue to exceed mine production

Currently, pricing is below “incentive” price needed to for companies to commit to new developments further supporting looming copper deficits

NOTE: Demand and projected production figures from TECK Resources public disclosure. July 2019.

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TSXV: ATX

Exploring Chile / 23

Block Cave Operations & Development Projects

0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 0.00 0.25 0.50 0.75

Contained Cu & Au value Andina Codelco

ATEX VAL13‐14 ‐ entire interval

1,194m @ 0.54% Cu eq. & 0.24 g/t Au

ATEX VAL13‐14 ‐ porphyry interval

534m @ 0.6% Cu eq. & 0.29 g/t Au Resolution Rio Tinto / BHP Golpu Newcrest New Afton New Gold HD North Rio Tinto Cadia East Newcrest KSM Seabridge Heruga ETG Rio Tinto Alpala SolGold Northparke ChinaMoly HD South Rio Tinto Chuquicamata U/G Codelco El Teniente Codelco 5,000 Mt 2,500 Mt 1,000 Mt 500 Mt NOTES: All resources estimate sourced from the latest available respective corporate public disclosure. Resources are inclusive of mineral reserves. Contained metal value calculated at a copper price of $2.60/lb. and a gold price of $1,450/oz. Copper equivalence calculated using copper ($2.60/lb) and molybdenum ($11.00/lb) only, not taking into account metal recoveries. Copper Equivalent = (((Cu grade /100)*Cu price) + ((Mo grade/100)*Mo price)))/Cu price

Copper Equivalent (%) Cu & Mo Gold (g/t)

Comparing Grades ‐ Cu eq.(Cu & Mo) vs Au ‐ and Contained Metal Value

Red Chris Newcrest / Imperial

M&I Resources incl. P&P reserves Contained Metal Value

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TSXV: ATX

Exploring Chile / 24

Comparables – Cu/Au Porphyry Explorers

Company Project Shares O/S Price Market Cap Resources Cu Au Ag Mo Cu eq. Develop.

C$/share C$ (Mt) % g/t g/t ppm %

Filo Mining Filo del Sol 88,218,451 2.05 $180,847,825 425 1 0.33 0.32 10.7

  • 0.69

O/P Josemaria Josemaria 249,868325 0.51 $127,432,846 1,066 2 0.29 0.21 0.92

  • 0.47

O/P SolGold Alpala 1,846,321,033 0.40 $738,528,413 1,830 3 0.41 0.31 1.20

  • 0.67

U/G Seabridge KSM 63,279,403 17.23 $1,090,304,114 2,977 4 0.21 0.52 2.8 54 0.68 80% U/G Regulus AntaKori 90,994,594 1.20 $109,193,513 250 5 0.48 0.29 7.5

  • 0.78

O/P GT Gold Tatogga 116,056,580 1.00 $116,056,580 Pending 6 U/G ? ATEX Valeriano 13,202,595 0.29 $3,828,753

VAL13-014 (1,194 m)

0.52 0.24

  • 44

0.73

VAL13-014 (534 m)

0.61 0.29

  • 36

0.86

Note: All share related data sourced from tmxmoney.com, Dec.4, 2019 1. Indicated resource at various cut offs dependent on zones (AuOx @ 0.2 g/t Au, CuAuOx @ 0.15% Cu eq., Ag @ 20 g/t, Sulphide @ 0.3% Cu eq.) – Filo Mining, January 2019 2. Indicated resource at 0.2% Cu eq. cut off – Josemarie Resources, August 2015 3. Indicated resource at 0.2% Cu eq. cut off – SolGold, May 2019 4. Measured and indicated resources @ C$16/t NSR (~0.25% Cu eq.), Seabridge, 2019 5. Indicated resource at 0.3% Cu eq. cut off - Regulus, March 2019 6. Active drill program ongoing. Gold copper porphyry system.

ALL NOTED COPPER EQUIVALENT GRADES CALCULATED USING THE FOLLOWING FORMULA AND PRICING: Cu eq.% = ((Cu%/100 * Cu $/tonne) + (Au g/t * Au $/gr.) + (Mo%/100 * Mo $/tonne) + (Ag g/t * Ag $/gr) / Cu $/tonne Cu @ $2.60/lb; Au @ $1,450/oz; Mo @ $11.00/lb; Ag @ $16.00/oz

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TSXV: ATX

  • Management’s third Chilean-focused, publicly-traded, exploration company
  • Established presence in Chile, a well-recognized mining jurisdiction
  • Two quality Chilean projects acquired to date

‐ Advanced stage Valeriano Property – Cu/Au/Mo porphyry ‐ Early stage Apolo Project – high sulphidation epithermal gold silver

  • Dedicated team of successful exploration professionals

‐ With a successful track record of discoveries ‐ Supported by a strong board and advisory committee

  • Ownership stake aligns Team’s interests with those of shareholders

ATEX Resources Inc. – Exploring Chile

Exploring Chile / 25