SERENGETI SERENGETI TSX-V: SIR TSX-V: SIR RESOURCES INC. RESOURCES INC. Balancing Development with Exploration in BC Corporate Presentation, May 2019 Serengeti Resources Inc. - Creating Shareholder Value Through Responsible Development And Discovery
SERENGETI Forward Looking Statements & Qualified Person TSX-V: SIR RESOURCES INC. THIS MANAGEMENT PRESENTATION (THE "PRESENTATION") WAS PREPARED AS A SUMMARY OVERVIEW ONLY OF THE CURRENT AFFAIRS OF SERENGETI RESOURCES INC.(”SERENGETI" OR THE "COMPANY") AND WAS NOT PREPARED FOR THE PURPOSE OF ASSISTING PROSPECTIVE INVESTORS IN MAKING A DECISION TO INVEST IN SERENGETI. SERENGETI DOES NOT MAKE ANY REPRESENTATION AS TO THE COMPLETENESS, TRUTH OR ACCURACY OF THE INFORMATION CONTAINED IN THIS PRESENTATION. THE RECIPIENT IS CAUTIONED, THEREFORE, THAT IT IS INAPPROPRIATE TO USE THIS PRESENTATION, OR ANY PORTION THEREOF, TO ASSIST IN MAKING A DECISION TO INVEST IN SERENGETI. CONFIDENTIALITY This Presentation is confidential and the contents are not to be reproduced or distributed to the public or the press. Securities legislation in all provinces and territories prohibits such unauthorized distribution of information. Each recipient of the information contained in this Presentation will treat such information in a confidential manner and will not, directly or indirectly, disclose or permit its affiliates or representatives to disclose such information to any other person or reproduce this Presentation in whole or in part, without the prior written consent of Serengeti. FORWARD-LOOKING INFORMATION This presentation contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a comprehensive list of risk factors are disclosed in the Company’s documents filed from time to time via SEDAR (www.sedar.com)with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates change, other than as required by law and readers are further advised not to place undue reliance on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such 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. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Quality Assurance/Quality Control QUALIFIED PERSON The technical information in this presentation has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company’s qualified person, David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc, who supervised the preparation of, and approved, the scientific and technical information in this presentation. 2 Serengeti Resources Inc. - Creating Shareholder Value Through Responsible Development And Discovery
SERENGETI Contents TSX-V: SIR RESOURCES INC. Page No. Page No. 3 Serengeti Resources Inc. - Creating Shareholder Value Through Responsible Development And Discovery
SERENGETI Serengeti Highlights TSX-V: SIR RESOURCES INC. A Canadian mineral exploration company working in central British Columbia. Serengeti is developing the Kwanika Cu-Au project in partnership with Posco International, and exploring for new Au-Cu porphyry deposits in the highly-prospective Quesnel Trough. We’re focused on engineering a high-grade, high-margin, medium tonnage operation at Kwanika. � BC Focused Low-risk jurisdiction, mining friendly, prospective. � Advanced Project Kwanika copper-gold porphyry. BC’s next Cu-Au mine? � PFS Underway PFS on 15ktpd open pit & u/g mine, due mid-2019 � Major Partner Korean major, Posco International, owns 35% of Kwanika � Exploration Upside 73,000 hectares of prime porphyry Cu exploration ground, multiple regional exploration targets. � Experienced Team Technical team led by award-winner David Moore. � Insider Ownership Management & insiders own 34% of the company. 4 Serengeti Resources Inc. - Creating Shareholder Value Through Responsible Development And Discovery
SERENGETI A High-Quality Portfolio of Porphyry TSX-V: SIR RESOURCES INC. Cu-Au Projects in British Columbia SIR properties shown in red Quesnel Terrane rocks 5 Serengeti Resources Inc. - Creating Shareholder Value Through Responsible Development And Discovery
SERENGETI Corporate Objectives TSX-V: SIR RESOURCES INC. Short Term Complete optimized PFS engineering on Kwanika by mid-2019 • Secure funding for regional exploration and G&A for remainder of 2019 • Exploration of key regional porphyry targets & drilling at the Atty / UDS target. • Medium to Long Term Reach go-no-go decision point on a FS for Kwanika, & secure funding for continued project development work • Continue sole- or JV-funded exploration of the regional porphyry portfolio • Unlock value of Kwanika & exploration portfolio for shareholders • 6 Serengeti Resources Inc. - Creating Shareholder Value Through Responsible Development And Discovery
SERENGETI Company Structure, Ownership & TSX-V: SIR RESOURCES INC. Technical Management Key Technical Management Mr. Moore joined Serengeti in 2004 and since that time, has lead a team that has raised over $35 million in exploration funds and discovered two significant mineral deposits. This success was recognized by AMEBC co-awarding him the prestigious 2010Prospector of the Year, for the Kwanika discovery. Prior to joining Serengeti, Mr. Moore had a 30-year career Key Data with Teck Ltd., a major mining company, where he participated in the discovery and delineation of mineral deposits in several countries. He brings experience and expertise ranging from grassroots prospecting to international exploration, business management Head Office Vancouver, BC, Canada and development, as well as a proven ability to recognize exploration targets of high potential and transform them into successful projects. Ticker TSX-V: SIR Issued Shares (Feb 14, 2019) 92.61 M David Moore, P.Geo. President, CEO and Director Options 6.20 M Quinn has been involved with exploration for various deposit types throughout BC, the Yukon, Ontario and Alaska over his 10-year career. Mr. Harper joined Serengeti as Chief Warrants 2.15 M Geologist in 2017, tasked with managing Serengeti’s exploration portfolio as well as the advancement of the Kwanika project through the completion of a Pre-Feasibility Study. Prior to joining Serengeti, Mr. Harper was Senior Geologist with AuRico Gold and AuRico Fully Diluted 100.96 M Metals through the discovery and subsequent delineation of the Kemess East deposit. In early 2016, Mr. Harper accepted a position with Kiska Metals charged with managing programs in BC and Alaska, as well as completing a detailed study of the Chuchi alkalic Cash: Serengeti $1.7 M porphyry project in north-central BC. Mr. Harper was born and raised in northern British Columbia and continues to draw heavily on his rural ancestry to advance mineral projects in the north. Kwanika Copper Corp. $0.5 M Quinn Harper B.Sc. Chief Geologist � Management & Insiders = 34% largest shareholder group Over 30 years experience in mining, mineral exploration / development, and capital markets. Technical experience includes senior positions in generative mineral exploration, development and open pit and underground mining of base and precious metals. In capital � Retail shareholders = 66% markets, he was a Director, Research Analyst, Metals and Mining (Canaccord Genuity Inc.), Vice President of Research and Institutional Sales and President and CEO of a wholly owned US subsidiary (PI Financial). Most recently, Mr. Zerb was President and CEO of Exeter Resource Corp. He directed the re-engineering development program of the Caspiche gold-copper deposit in Chile. Exeter was sold in a $250-million all share takeover to Goldcorp Inc. in 2017. He is a registered Professional Geologist with the Association of Professional Engineers, and Geoscientists of Alberta (APEGA). Wendell Zerb, P.Geo Board Advisor 7 Serengeti Resources Inc. - Creating Shareholder Value Through Responsible Development And Discovery
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