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TSX-V:FWZ

Macmillan Pass Zinc Project: Adding to an Already Substantial Asset

November 2017

TSX-V:FWZ

Cautionary Statements

The following statements are required by Canadian securities legislation: Forward-Looking Statements: This presentation may contain certain “forward-looking” statements and information relating to Fireweed Zinc that are based

• n the beliefs of Fireweed Zinc management, as well as assumptions made by and information currently available to Fireweed

Zinc management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and supervision, permitting, seasonality and weather, technological change, industry practices, and

• ne-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions

prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Fireweed does not assume the obligation to update any forward-looking statement or forward-looking information except as required by law. *The reader is cautioned that a qualified person has not done sufficient work to classify the historical estimates in this presentation as current resources. The Company has not verified these historical resources and is not treating these historical estimates as current mineral resources. While these estimates were prepared, in accordance with National Instrument 43-101 and the “Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Mineral Reserves Definition Guidelines” in effect at the time (2007), there is no assurance that they are in accordance with current standards and these resource estimates should not be regarded as consistent with current standards or unduly relied upon as such. Fireweed includes these historical estimates in this document for information purposes as they represent material historical data which have previously been publicly disclosed. To Fireweed’s knowledge, the 2007 Technical Report is the most recent resource estimate available regarding the Tom-Jason Project. NI43-101 Qualified Person: Brandon Macdonald P.Geo ,CEO and Director of Fireweed Zinc, and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical information in this presentation. 2

TSX-V:FWZ Untapped Exploration Potential

The Macmillan Pass Project already has not only world-class established mineralisation, but also big exploration upside and the potential to become a generational asset.

Zinc Shortage – Not Just a Short-Term Problem

The zinc shortage is here and it’s more than a short term problem so Fireweed management acquired a world- class zinc asset to build a company around.

Overview

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Macmillan Pass: Already Big and Getting Bigger

With the acquisition of the Macmillan Pass Project Fireweed has secured one of the world’s largest undeveloped zinc projects that contains two substantial SEDEX deposits: Tom & Jason.

SEDEX: A Family of Giants

SEDEX deposits are critical as the biggest contributors to world Zinc and Lead supply. These deposits tend to be big – really big. If you want to find an elephant, they are the deposit style to target.

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Intro to Fireweed and Macmillan Pass

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About Fireweed Zinc

• Public Canadian Corporation headquartered in

Vancouver

• Focused on the Macmillan Pass Project
• Signed Definitive Option Agreement with Hudbay on

Tom & Jason Claims in December 2016 to acquire 100%

• T&J represent a substantial zinc-lead-silver resource

with excellent exploration potential and moderate exploration costs

• Located in politically stable Canada, and the mining-

friendly Yukon territory

• Recently listed on the TSX-V
• In conjunction with $4.0M IPO
• Trading under the symbol TSX-V:FWZ
• 7.86M shares under 3 year decreasing escrow,

including all held by management

5

Share Structure Issued & Outstanding 17,756,370 Agent’s Warrants 403,000 Options 1,380,000 Performance Shares 4,000,000 Due to Hudbay* 3,530,906 Fully-Diluted 27,070,276

*may change if more capital is raised before option exercise

Building a New Zinc Company

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The Macmillan Pass Project

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• Located in Yukon, Canada, mining

friendly jurisdiction with road access via Canol Road and regional airstrip

• Contains two known SEDEX

Deposits

• 1951 - Tom discovered by Hudbay
• 1974 - Jason found by Ogilvie JV
• 2007 - Hudbay acquires Jason,

uniting the two properties

• ~70,000m of drilling on the two

properties since initial discovery

• Combined Historical Resource* of
• 6.43 Mt Indicated @ 11.8% ZnEq
• 6.33% Zn, 5.05% Pb, 56.55 g/t Ag
• 24.55 Mt Inferred @ 10.4% ZnEq
• 6.71% Zn, 3.48% Pb, 33.86 g/t Ag

Macmillan Pass Project Location

Building on a Substantial Zinc-Lead Resource

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Management Team

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John Robins

Executive Chairman & Director

• Founder, Executive Chairman &

Director of Kaminak Gold Corporation

• $520M T/O by Goldcorp
• Current director of Northern Empire

Resources Corp., Kivalliq Energy Corporation, K2 Gold Corporation, Bluestone Resources Inc.

• In 2017 Mr. Robin’s companies

raised >$100M

• Winner of AMEBC’s H.H. “Spud”

Huestis Award 2008

Brandon Macdonald

CEO & Director

• Current director of NorthIsle Copper &

Gold Inc, Commander Resources Ltd

• Ex Macquarie Bank
• BSc Geology UBC, MBA Oxford

University

• Long history of work in Yukon

including zinc projects

• Originally hails from Ross River, Yukon,

closest community to Tom & Jason

George Gorzynski

Director

• Director, VPX IMPACT Silver

Richard Hajdukiewicz

Director

• Ex Goldman & Deutsche

Dan Rogness

Director

• Ex Teck

Adrian Rothwell

Director

• CEO Kore Mining

Industry Veterans with Diverse Experience

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Buoyant Zinc Market

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Projected New Zinc Supply is Insufficient

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Increasing Demand & Slowing Mine Production Even Uncommitted Projects Insufficient

Source: Teck

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How Many Years

• f Production Reserves?

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Zinc vs Copper: Lagging in Discovery?

5,000 10,000 15,000 20,000 25,000 5 10 15 20 25 30 35 40 45 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Zinc and Copper Global Reserves and Mine Production (1000s tonnes)

Global reserves Zn (years) Global reserves Cu (years) Mine production Zn Mine production Cu Linear (Global reserves Zn (years)) Linear (Global reserves Cu (years))

ILZSG, USGS

2000 2016 Copper 25 35+ Zinc 24 16

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China: Huge Zinc Production, but for How Long?

• Nascent resource economies start small and get big
• Initial proliferation of artisanal to medium scale mines
• Highest-grade and lowest-hanging fruit is usually small
• Excessive reliance on cheap labour and manual methods
• These small deposits will be mined out and not replaced
• Regulatory regimes change, and encourage larger

projects

• Regulatory burden is not directly proportional to size of project
• Many small mines in China recently shut down with

introduction of new regulations

• Push towards mechanization mandates larger mines
• 5 Million Tonne Question(s): can China replace small

with large?

• How many medium/small mines can become large?
• What discoveries are waiting in China?

Mine Output in China Large Scale Medium Scale 20 Small Scale 350+ Private Small Mine 500+ Total Number of Mines 870+

2015 - ILZSG

Will Maturation of China’s Mining Industry Reduce Supply?

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A Family of Giants: SEDEX Deposits

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What is a SEDEX Deposit?

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• SEDEX Deposits Represent:
• > 50% of World Zinc Production
• > 40% of Zinc Reserves
• Very Important for Lead supply
• SEDEX means “Sedimentary Exhalative”
• Many sub-categories, but broadly:
• A: Vent-Proximal (Tom & Jason, Sullivan, Rammelsberg)
• B: Vent-Distal (Howard’s Pass, McArthur River)
• Includes Irish-type and Broken-Hill Deposits
• Some debates on classification and nomenclature
• New nomenclature proposal of CD Deposits: Clastic Dominated

Sediment-Hosted Pb-Zn Deposits

Goodfellow & Lydon

Most Important Deposit Type for Zinc Production

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Notable Major SEDEX Deposits

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• Western Canadian Examples Include:
• Sullivan Deposit
• Anvil district (Faro)
• Howard's Pass district (Selwyn)
• Gataga district (Cirque)
• Macmillan's Pass district (Tom and Jason)
• These are big deposits
• Sullivan 149 Mt Production
• Anvil 120 Mt
• Howard’s Pass 180 Mt Ind, 230 Mt Inf

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Taken from S. Paradis et al, 2016

Western Canada Examples

Host to Some of the Largest SEDEX Deposits in the World

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Macmillan Pass: Already Big and Getting Bigger

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Substantial Historical Resource

Resource from 2007 43-101 Technical Report1

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1 Taken from “Technical Report on the Tom and Jason Deposits, Yukon Territory, Canada” written by Scott-Wilson RPA for Hudbay Minerals in 2007 and available on SEDAR. A qualified person has not done sufficient work to classify these historical estimates as current resources. The Company has not verified these historical resources and is not treating these historical estimates as current mineral resources. While these estimates were prepared, in accordance with National Instrument 43-101 and the “CIM Guidelines” in effect at the time (2007), there is no assurance that they are in accordance with current standards and these resource estimates should not be regarded as consistent with current standards or unduly relied upon as such. Fireweed includes these historical estimates in this document for information purposes as they represent material historical data which have previously been publicly disclosed.

• 2. ZnEq (zinc equivalent) does not include recovery or payables and is based on metal prices at 2017-10-02

tonnes Zn % Pb % Ag g/t ZnEq%2 Tom (Indicated) 4,977,010 6.65 4.36 47.77 10.79 Jason (Indicated) 1,451,220 5.25 7.42 86.68 12.39 Indicated Total 6,428,230 6.33 5.05 56.55 11.15 Tom (Inferred) 13,547,920 6.68 3.10 31.77 9.59 Jason (Inferred) 11,001,150 6.75 3.96 36.42 10.40 Inferred Total 24,549,070 6.71 3.48 33.86 9.95 Contained Zn kt Pb kt Ag MOz 331 217 7.64 76 107 4.04 406 325 11.67 905 420 13.84 742 436 12.88 1,648 855 26.72

One of the Largest Undeveloped Zinc Resources in the Americas

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Low-Hanging Fruit: Mineralization Expansion

Excellent Upside Potential

• Significant potential to

expand the known mineralization

• Very little deep drilling

has been done

• Most zones extend to

depth and have not been tested

• Potential for expansion

along trend

• Big step-out in 1990

yielded 14.6m of 14.1% Zinc (no follow-up)

18

Jason Deposits remain open for expansion at depth Tom Deposits remain open for expansion at depth

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Big Land Position for Discovery

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• Together the Tom, Jason and Mac claims cover

a large area of 21,939 Ha (53,920 acres)

• Footprint of the known deposits is very small

compared to property size

• Much of the rest of the ground remains little

explored using modern exploration techniques

• Most recent large-scale field exploration

programs at Tom and Jason were more than 25 years ago

• Satellite zones represent immediate exploration

upside

• End Zone: Hole JS80-59 intersected 3.6% Zn,

10.2% Pb and 83.2g/t Ag over 19.4m

• End Zone: Fireweed is first company to own

both sides of this zone which extends over property boundary

• End Zone: Is this a whole new system?

Exploration Potential over Large 220 Sq Km Land Position

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World-Class Exploration Potential

• Historic work has largely been focused on

proving up known mineralization

• Previous exploration programs left untested

exploration targets

• Exploration vectors point to new areas of

property

• Geochemistry (stream sediments, water,

soils)

• Stratigraphy (basin edge)
• Large land package provides ample room for

new discoveries

• Modern technology allows exploration in

areas ignored before

• Three known productive systems in project

area, how many more?

• Can Macmillan Pass join the giants of

SEDEX?

20

Ample Potential for New Discoveries

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Near-Term Corporate Objectives

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Timeframe Objective 2017 Summer (Complete)

• Fireweed completes the largest program on the project in over 25 years
• 2200m drill program at T&J
• Support resource update & metallurgy
• Re-log and re-sample historic core
• Property mapping, geochemistry and geophysics
• Synthesize new exploration model

2017 Q4

• News flow with additional drill results
• Updated 43-101 Resource

2018 Q2

• Preliminary Economic Assessment published

Focus on Advancing Project and Resource Expansion

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The Fireweed Zinc Opportunity

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Value-Driving News Flow

FWZ will be releasing an updated NI43-101 mineral resource in Q4 2017 and the maiden NI43-101 PEA on the Tom & Jason deposits in H1 2018.

Compelling Valuation

Fireweed is a new company still flying below the radar with a valuation that, when compared to its peer group, demands consideration.

Hot Zinc Market

Zinc mine closures have led to rapidly declining stocks and a doubling of the spot price in under 2 years. The shortage is expected to continue with insufficient new zinc production projected in coming years.

World-Class Project

The Macmillan Pass Project contains not just the Tom & Jason Deposits, which together represent a rare blend

• f size and grade, but also compelling exploration

potential.

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23

For More Information, Please Contact:

Brandon Macdonald CEO & Director

Email: brandon@fireweedzinc.com Phone: +1 604 646 8360 Suite 1020 - 800 West Pender St. Vancouver, BC V6C 2V6

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APPENDIX

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First 2017 Drill Results - Tom

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Hole No. From To Interval Estimated True Width Zinc Lead Silver (meters) (meters) (meters) (meters) (%) (%) (g/t) TS17-01 98.25 157.00 58.75 50.9 5.05 1.22 0.6 TS17-02 17.25 40.00 22.75 21.6 11.26 7.88 136.7 Including: 30.00 40.00 10.00 9.5 15.88 12.04 290.4 Including: 35.40 40.00 4.60 4.4 21.57 19.24 491.8 TS17-03 16.70 42.47 25.77 24.4 10.20 6.28 87.7 Including: 34.00 42.47 8.47 8.0 14.64 9.75 234.1 Including: 38.65 42.47 3.82 3.6 19.20 13.95 379.8 TS17-04 40.50 69.65 29.15 21.5 6.53 2.93 18.2 Including: 55.40 66.50 11.10 8.2 7.23 4.65 38.8 TS17-05 57.55 94.20 36.65 27.7 6.35 3.15 34.2 Including: 79.90 93.80 13.90 10.5 7.55 5.99 87.0 Including: 83.50 86.00 2.50 1.9 14.99 2.36 54.4 Including: 90.00 93.80 3.80 2.9 10.33 7.15 166.7

Wide, High Grade Intersections from Tom West Zone

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First 2017 Drill Results - Tom

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Wide, High Grade Intersections from Tom West Zone

• All verification holes confirmed historic results with some

returning notably better results

• TS17-02/03 returned much higher silver values than historic

holes in that area.

• TS17-05 was drilled 50 meters below an original 1951 drill hole

at the north end of the Tom West Zone

• returned much higher assays across a similar width compared to

the historic reported results (1.19% zinc, 0.73% lead and 4.89g/t silver over 27 meters) from 1951 drill hole TS001

• This result opens the Tom West Zone for potential expansion to

the north.

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Final 2017 Drill Results - Jason

27

High Grade Intersections from Jason Main Zone

Hole No. From To Interval Estimated True Width2 Zinc Lead Silver (meters) (meters) (meters) (meters) (%) (%) (g/t) JS17-01 172.3 183.26 10.96 7 12.16 3.13 1.6 JS17-02 155.18 172.76 17.58 10.5 7.82 1.39 1.3 Including: 165 172.76 7.76 4.6 11.19 1.94 1.2 JS17-03 Drill hole abandoned before reaching main zone3 JS17-04 154.19 179 24.81 11.2 9.07 1.6 0.7 Including: 170.7 179 8.3 3.7 14.03 1.29 1.1 JS17-05 177.98 206.72 28.74 14.7 10.22 1.95 0.49 Including: 184.60 193.22 8.62 4.4 15.02 3.05 0.3 Including: 187.16 191.17 4.01 2.0 19.53 3.97 0.6 Including: 203.50 206.00 2.50 1.3 18.75 1.12 1.8 JS17-06 57.50 83.83 26.33 12.8 13.24 3.38 1.4 Including: 57.50 61.30 3.80 1.8 12.93 4.29 3.0 Including: 64.70 68.40 3.70 1.8 25.06 5.00 3.4 Including: 77.20 83.83 6.63 3.2 20.66 3.95 0.8 JS17-07 61.00 85.05 24.05 15.3 5.25 1.24 2.0 Including: 79.95 85.05 5.10 3.2 8.91 1.58 0.4

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Final 2017 Drill Results - Jason

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Intersections confirm grade & width of Jason Main Zone

• All holes that reached the Main

Zone intersected good widths of Zn-Pb mineralization

• Each hole intersected between past

holes and confirms continuity of mineralization

• Zinc-rich intersections are

consistent with vent-distal zoning

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Infrastructure

• Project is on the government maintained Canol

Road, ~200 km from the town of Ross River

• Macmillan Pass airstrip within property boundary
• Overall moderate costs for northern exploration

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Excellent Access for Exploration & Development

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Camp & Facilities

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• Tom claims have Class 3 permit in place and Type B

Water License

• Excellent camp installed in 2011
• Internal roads to initial drill sites
• Historic core from over 40 years of drilling is on site

Turnkey for Additional Work

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Metallurgy

• Preliminary Metallurgical Study Conducted in 2012
• Whole-core HQ from 4 holes in 2011, totalling 764 kg from the Tom West deposit
• Recoveries:
• 83% of the Pb and 73% of the Ag in the Pb concentrate
• 79% of the Zn and 12% of the Ag in the Zn concentrate
• Low iron in concentrates: 0.94% Fe in zinc concentrate, 2.29% Fe in lead concentrate
• Initial Concentrate results summarized below:

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Product Weight % Assay % Zn Pb Ag Flotation Feed 100 5.15 3.18 34 Zinc Concentrate 7.0 58.5 1.76 56 Lead Concentrate 3.7 4.23 70.9 673

Encouraging Results from Initial Study

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• Environmental baseline studies began at site in 2000

and were expanded in 2008

• 12 surface water monitoring stations, 3 ground water

wells, and 2 weather stations

• Nearest community is Ross River, population 350,

home to Ross River Dena First Nations

• Relationship with Ross River Dena First Nations has

been good with members having worked on the Project

• CEO Brandon Macdonald is originally from Ross River

and is familiar with the community

32 Water Monitoring

Environment and CSR

Proactive Project Stewardship