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Kearney Mine Processing Facility High Quality, Large Flake, Near-Term Graphite Producer OGL Website Presenta/on v.16-11 Public Presenta.on OGL Website Public Presentation v.16-11 Disclaimer 2 No representa+on or warranty, expressed or


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SLIDE 1
  • OGL Website Public Presentation v.16-11

High Quality, Large Flake, Near-Term Graphite Producer

Public Presenta.on OGL Website Presenta/on v.16-11

Kearney Mine Processing Facility

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SLIDE 2
  • OGL Website Public Presentation v.16-11

Disclaimer

No representa+on or warranty, expressed or implied, is made as to the accuracy or completeness of the informa+on contained in this presenta+on. Nothing contained herein is, or shall be relied upon as, a promise or representa+on as to the past or the future. This presenta+on may include or incorporate by reference certain “forward-looking statements” within the meaning of applicable securi+es laws. Statements that are predic+ve, that depend upon or refer to future events or condi+ons or that include words such as “expect”, “an+cipate”, “es+mate”, “contemplate”, “target”, “plan”, “con+nue”, “budget”, “schedule”, “may”, “will”, “should”, “intend”, “believe” are forward-looking statements. Forward- looking statements are not guarantees of future results and performance but rather reflect our current views with respect to future events. Results are subject to risks, uncertain+es, assump+ons and other factors, and actual results and future events may differ materially from the conclusions, forecasts, projec+ons or results an+cipated in these forward-looking statements. Because of these risks and uncertain+es, forward-looking statements should not be relied on. All of the forward-looking statements in this presenta+on, express or implied, are qualified by these cau+onary statements. Forward-looking statements are made as of the date of this presenta+on based on available informa+on. Certain assump+ons were applied in drawing conclusions or making forecasts or projec+ons. Although such assump+ons are considered reasonable as at the date of the presenta+on, the forward- looking informa+on is inherently subject to significant business, economic and compe++ve uncertain+es and con+ngencies. Some of the material risks, factors and assump+ons that could cause actual results to differ materially from expecta+ons include, but are not limited to, ability to stake mineral claims prior to compe+ng businesses, staking of mineral claims on land unsuitable for development or land which does not encompass key mineral reserves, inability to raise or allocate sufficient capital to perform intended explora+on and development or to maintain minimum yearly explora+on expenses and consequent loss of mining claims, fluctua+ons in currency markets, fluctua+ons in spot and forward prices of minerals and other commodi+es, changes in na+onal and local government legisla+on, taxa+on, controls, regula+ons and poli+cal or economic developments in Canada and interna+onally, other business opportuni+es that may be presented to or pursued, change in management or control of the company, ac+vi+es of compe+ng businesses, opera+ng or technical difficul+es in connec+on with mining, explora+on or development ac+vi+es, employee rela+ons, availability and costs of mining and explora+on inputs, labour and equipment, risks of obtaining necessary licences and permits, diminishing quan++es or grades of mineral reserves, ability to meet opera+onal expenses, contests over +tle or right to proper+es or mineral claims, conflic+ng aboriginal land claims and aboriginal rights, environmental regula+ons, the risks and hazards associated with mineral explora+on and development, environmental hazards, industrial accidents, unusual or unexpected geological forma+ons or pressures, flooding, inaccessibility of lands, inclement weather condi+ons and the risk of inadequate insurance or inability to obtain insurance. We disclaim any inten+on or obliga+on to withdraw, update or revise any forward-looking statements whether as a result of new informa+on, future events or otherwise, except to the extent required by applicable laws. No part of this presenta/on is intended to be deemed an offering of securi/es to investors. 2

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  • OGL Website Public Presentation v.16-11

The Ontario Graphite Opportunity

Largest confirmed graphite resource in North America, and one of the largest in the world

− 51.5 Mt of Indicated at average grades of 2.14% Cg, and 46.8 Mt of inferred at average grades of 2.00% Cg

Strong leadership team, with average of 30 years experience in graphite and finance Strong future graphite market fundamentals

  • Kearney is +mely based on increasing supply/demand gap
  • Demand growing (LED, Li Ba_eries ); supply strained (China shut-downs; limited new sizable projects)

~ 9 month ramp-up ( aPer funding ) to produc/on of 22ktpa, at ~2.2% Cg head grade Substan/al upside poten/al to increase capacity based on demand and faster resource exploita/on

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Seeking financing to complete re-commissioning of the world-class Kearney graphite project, centrally located 2.5 hours north of Toronto, with all approvals and majority of infrastructure already in place

Loca/on Resource People 1st-Mover Focused on High Margin

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SLIDE 4
  • OGL Website Public Presentation v.16-11

Kearney – Excellent Loca/on with Infrastructure in Place

  • Poli+cally stable, first-rate country, with close proximity to major US graphite markets = dependable and

+mely delivery for US customers

  • Ports for shipment to European customers

Ø Toronto to site – 270 km of four lane highway, 30 km of paved road, 10 km of all weather logging and mine site road

  • Area has strong poli+cal and community support for miners, equipment vendors and available labor
  • Transporta+on costs can be kept rela+vely low, with OGL end products delivered directly to end-users

4 Kearney Mine Property (near Huntsville and Parry Sound) Kearney Mine Processing Facility (Infrastructure in Place) Toronto Buffalo

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SLIDE 5
  • OGL Website Public Presentation v.16-11

Kearney Claim Map – Significant Upside Poten/al

  • Current leases are located in two zones

Ø The 7 mining leases are comprised of 26 claims; all leases in effect have been renewed (21 year term)

  • In addi+on OGL controls 29 addi+onal ac+ve claims

Ø 15 are owned free and clear; 14 are subject to royalty agreements with 2 third-party claim holders

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Unexplored Claim Area

Zone 2 Zone 1

Zone 2

  • 4 mining

leases comprised

  • f 4 claims

Zone 1

  • 3 mining

leases comprised

  • f 22 claims
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SLIDE 6
  • OGL Website Public Presentation v.16-11

Mineral Inventory – Largest Graphite Resource in N. America

  • With the current plan to process ~1MM tonnes of ore per year, the property is expected to have more

than 50 years of mine life (illustrates a case for a >20 mine life)

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Golder Associates Block Model (August 2013) Mineral Zone Metric Tonnes Carbon grade (%) Zone 1: Indicated Resources 51,505,894 2.14 Inferred Resources 28,393,361 2.00 Zone 2: Inferred Resources 18,427,547 2.00

Source: Golder Associates, NI 43-101 Technical Report and August 2013 Mineral Resource Es.mate; Kearney Graphite Property Ontario, Canada

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SLIDE 7
  • OGL Website Public Presentation v.16-11

The Right Leadership Team in Place to Execute on Plan

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Core Team – Average 30 Years Experience Working for Leading Graphite/Industrial Minerals Players

Tom Burkee (CEO)

  • 37+ years of senior management and sales experience across North America,

Europe and Asia in carbon and graphite sectors

  • Most recently, US VP of Graphite Materials & Systems for SGL Group

Ellerton Castor (CFO)

  • 24+ years of investment banking and principal inves+ng experience including

extensive work as an M&A advisor to a variety of companies in the Americas, Europe and Asia

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SLIDE 8
  • OGL Website Public Presentation v.16-11

All Major Permits in Place

  • OGL has all major permits in place and has passed technical reviews, public comment periods, and First

Na+ons consulta+ons; with MOUs in place with First Na+ons

  • First Na+ons benefit agreements being nego+ated & finalized in-line with MOUs

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Permit Ministry Issuance Date Approved Closure plan Northern Development February 2012 Temporary PTTW (“Permit to Take Water”) Environment June 2012 Dam design Natural Resources October 2012 Archeological study Tourism & Culture November 2012 Site-wide PTTW Environment May 2013 Site-wide water environmental compliance approval Environment May 2013 Site-wide air/noise environmental compliance approval (amended for different generator) Environment May 2013

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SLIDE 9
  • OGL Website Public Presentation v.16-11

Graphite 101 – A Super Metal

  • Natural graphite is an industrial mineral with many proper+es of a “Super Metal”

Ø Excep+onal heat and electrical conduc+vity proper+es (high mel+ng point of 3,650 oC) Ø As thermally conduc+ve as copper with 1/8th the density Ø Extremely resistant to strong acids, chemically inert and highly refrac+ve Ø Outstanding lubrica+on proper+es due to the crystalline structure

  • Exists naturally in three forms:

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  • Most popular for technical applica+ons

(~40% of the graphite market)

  • Highest market growth poten+al
  • Higher grade – carbon range of 80%-98%
  • Flake size ranges from micron size to 2-3m
  • Size is important commercial considera+on
  • Least valuable but most abundant

(~60% of the graphite market)

  • Carbon range of 70%-75%
  • Seam mineral and typically higher in

ash because ouen associated with and formed within coal seams

  • Environmentally unfriendly
  • Rare and valuable
  • True vein mineral
  • Best type found in Sri Lanka
  • Usually high grade deposits

Source: Natural and Synthe.c Graphite: Global Industry Markets and Outlook; 8th Edi.on, 2012. Roskill

(SEM image)

Vein/Lump Flake (Macrocrystalline) Amorphous (Microcrystalline)

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SLIDE 10
  • OGL Website Public Presentation v.16-11

Graphite’s Many Uses Creates Significant Demand Poten/al

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Fuel Cell Plates Refractories Fric/on Materials Lubricants Foils and Gaskets Alkaline baeeries Li-ion Mobile Phone Baeeries Lead Acid Baeeries Crucibles Super Capacitors Graphenes Polymers Li-ion EV Baeeries

2015 Core Market Segmenta/on: Natural Flake Graphite Refractories 32% Engineered Products 26% Lubricants 19% Energy Storage 13% Polymers 10%

LED’s Thermally Conduc/ve Plas/cs Thermal Management

Natural Flake Graphite: Tradi/onal Markets Natural Flake Graphite: Emerging Markets

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SLIDE 11
  • OGL Website Public Presentation v.16-11

Addi/onal Upside in Automobile Sector via the Li-Ion Baeery

  • The electric and hybrid automobile market is expected to increase substan/ally by 2020
  • New demand created by these vehicles could add as much as ~170,000 tonnes of graphite demand

Ø The EV/HEV vehicles are projected to use ~30 - 100kg of graphite anode material per unit. This represents less than 1% of the total vehicle cost. Ø Excluding other graphite growth areas, the ~170,000 tonnes could represent growth of ~15% vs. 2015 consump/on Ø Addi+onal upside drivers include buses, power tools, and city ebikes

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Tesla Nissan Leaf Toyota Prius BMW i8

0.7 0.9 1.2 1.7 2.2 3.2 4.2 5.6 0.0 2.0 4.0 6.0 8.0 2013E 2014E 2015E 2016E 2017E 2018E 2019E 2020E MMs of Li-ion Battery Units

Hybrid electric vehicles (HEV) Plug-in electric vehicles (PHEV) Battery electric vehicles (BEV)

Electric and Hybrid Automobile Es/mates

Sources: Based on Roskill Conversion: unit x kg ÷ 1000kg per tonne

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SLIDE 12
  • OGL Website Public Presentation v.16-11

OGL Mining and Processing

  • Designed capacity of ~20ktpa (1MM tonnes ore) at head grades of ~2.2% Cg
  • An+cipated ~20-year mine plan based on conven+onal open pit methods that will consist of drilling,

blas+ng, loading, hauling and pit services on a full +me schedule of 16 hours/day x 5 days/week

  • Straight forward single-product plan with crushing, grinding, flota+on, tailings, dewatering, product

drying and sizing, and bagging

Ø Historical data supports recoveries of ~90%, with 94%-97% Cg

  • A micronizing and purifica+on area to be assembled nearby

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Kearney Mine Processing Facility Ball Mill Flota/on Cells

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SLIDE 13
  • OGL Website Public Presentation v.16-11

OGL Processing Flowsheet – Majority of Equipment on Site

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Jaw Crusher Primary Screen SAG Mill Rough Flota+on Ball Mill Secondary Screen 1st Cleaner Flota+on 2nd Cleaner Flota+on Concentrate Thickener Belt Filter Torbed Dryer Dryer Bag Filter Siuer Screens (-150µm) (-180µm +150µm) (-300µm +180µm) (+300µm) Concentrate Baggers Tailings Pond

Kearney Mine Project Ontario Graphite Ltd PROCESS FLOW DIAGRAM

Ø Highlighted items require future capex spend, non-highlighted items are currently substan.ally in place Ø Addi.onal spend on electrical genera.on, distribu.on & control LEGEND

= On-site & installed or ready for installa+on

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SLIDE 14
  • OGL Website Public Presentation v.16-11

Buyers Want Consistent and Reliable Supply

Impact to buyers

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Diversifica/on from China

  • Avoid delays or in-transit damage poten+al
  • Reduc+on in working capital
  • OGL able to run year round (China closed for weather 4+ months/year)
  • Easier to plan produc+on
  • Manage storage and A/P with weekly truckloads
  • China produces limited amounts of large flake (+50 mesh)
  • Limited large scale opera+ons producing large flake

Improved Opera/onal Efficiency Source of Consistent Premium Flake

  • Reduc+on in dependence on China
  • Eliminate Chinese quality issues
  • Environmental issues - shutdowns and supply strain

Increased Supply Reliability What Buyers Want (OGL Meets Needs)

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SLIDE 15
  • OGL Website Public Presentation v.16-11

Why Ontario Graphite?

Loca/on – Easy Access to North American End-User Market Resource – Largest confirmed graphite resource in North America, and one of the largest globally People – Strong experience and deep rela/onships across the value chain. Great access to strong Mining Labor Market First-mover advantage – Can achieve robust market share, through long-term rela/onships, annual contracts and spot contracts with North American customers Focused on high margin business – Model developed to have ~+ 90% of targeted business in the high margin ROM and Micronized/Value-Add business

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SLIDE 16
  • OGL Website Public Presentation v.16-11

The Ontario Graphite Opportunity

Largest confirmed graphite resource in North America, and one of the largest in the world

− 51.5 Mt of Indicated at average grades of 2.14% Cg, and 46.8 Mt of inferred at average grades of 2.00% Cg

Strong leadership team, with average of 30 years experience in graphite and finance Strong future graphite market fundamentals

  • Kearney is +mely based on increasing supply/demand gap
  • Demand growing (LED, Li Ba_eries ); supply strained (China shut-downs; limited new sizable projects)

~ 9 month ramp-up ( aPer funding ) to produc/on of 20ktpa, at ~2.2% Cg head grade Substan/al upside poten/al to increase capacity based on demand and faster resource exploita/on

16

Seeking financing to complete re-commissioning of the world-class Kearney graphite project, centrally located 2.5 hours north of Toronto, with all approvals and majority of infrastructure already in place

Loca/on Resource People 1st-Mover Focused on High Margin

Thank you for VisiQng the OGL Website