[PPT] - Western Atlas Resources (TSX-V: WA) Focused on the acquisition and PowerPoint Presentation

SLIDE 1

Western Atlas Resources

(TSX-V: WA)

Focused on the acquisition and development of scalable precious metals projects in premier mining jurisdictions Corporate Presentation December 2018

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SLIDE 2

Disclaimer

Western Atlas Resources

This presentation contains “forward-looking statements” and “forward looking information” (as defined under applicable securities laws), including but not limited to, statements with respect to the Company’s current and future projects, plans and operating performance, including in respect of the growth potential of the Western Atlas’ Projects, the success of exploration activities, future capital expenditures, future financing sources. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “expected”, “budgeted”, “forecasts” and “anticipates”. Forward-looking statements and information, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the completion of any acquisitions, risks related to the successful integration of any acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, accidents and labour disputes, title disputes, claims and limitations

n insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and

regulations, and political and economic developments in countries in which Western Atlas Resources operates. Although Western Atlas Resources 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. The forward-looking statements and forward-looking information are made as of the relevant date and Western Atlas Resources disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained in this presentation to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information. Roscoe Postle Associates Inc. (RPA) was retained by Western Atlas Resources Inc. to prepare an independent Technical Report on the Meadowbank Area Project held by Western Atlas, located in Nunavut Territory, Canada. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the property on July 25, 2017. This report, titled “Technical Report on the Meadowbank Area Project, Nunavut Territory, Canada”, and dated September 13, 2017 was prepared and signed by Paul Chamois M.Sc., P.Geo., Principal Geologist at RPA and a “qualified person” as defined in NI 43-101 independent of the Company. He has prepared or supervised the preparation of the technical information upon which portions of this presentation are based. Unless otherwise stated, scientific and technical information concerning the Western Atlas’ Projects, is summarized, derived, or extracted from the Technical Report, which is available for review on the Company's website at www.westernar.com. Roscoe Postle Associates Inc. (RPA) was retained by Western Atlas Resources Inc. to prepare an independent Technical Report on the Committee Bay Area Project held by Western Atlas, located in Nunavut Territory, Canada. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the property on July 26, 2017. This report titled “Technical Report on the Committee Bay Area Project, Nunavut Territory, Canada”, and dated September 8, 2017 was prepared and signed by Paul Chamois M.Sc., P.Geo., Principal Geologist at RPA and a “qualified person” as defined in NI 43-101 independent of the Company. He has prepared or supervised the preparation of the technical information upon which portions of this presentation are based. Unless otherwise stated, scientific and technical information concerning the Western Atlas’ Projects, is summarized, derived, or extracted from the Technical Report, which is available for review on Company's website at www.westernar.com.

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SLIDE 3

Multidecade combined experience and successful track-record in both the natural resources and the capital market industries

Serafino Iacono – Chairman

30+ years of experience in financing and developing of oil, mining and
ther resource projects in Latin America, the United States and Europe.

Raised more than $5 billion for numerous natural resource projects

Co-founder and Ex. Chairman Gran Colombia Gold Corp. (Colombia’s

largest gold producer), Medoro Resources Ltd., and Bolivar Gold Corp. (sold to Gold Fields)

Co-founder and fmr. Ex. Chairman of Pacific Rubiales Energy Corp. (now

Frontera Energy Corporation) Fabio Capponi – President & CEO, Director

14+ years experience and successful track-record in creating, structuring

and selling natural resources companies in Europe and both North and Latin America

Co-Founder and CEO, Director of CB Gold Inc. (sold in Dec 2015)
Previously with Endeavour Financial, has held Director and Management

positions with private companies

Master’s degree in economics and business administration from the LUISS

Guido Carli University of Rome, Italy Jose Francisco Arata - Director

30+ years of experience in exploration, development and production of

mineral and hydrocarbons projects in Latin America

Co-founder
f Gran Colombia Gold Corp (Colombia’s

largest gold producer), Medoro Resources Ltd., and Bolivar Gold Corp. (sold to Gold Fields)

Co-founder and fmr. President and Executive Director of Pacific Rubiales

Energy Corp. (now Frontera Energy Corporation)

Degree in Geology from the University of Turin, Italy and a Degree in

Geological Engineering from the Central University of Venezuela

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Michael Galego – Director

10+ years of M&A and corporate finance experience
Currently serves as Chief Executive Officer of the Stronach Group's

Agricultural Division

Fmr. Director of ICC Labs Inc. and current Director of Apolo

Acquisition Corp.

Director of Trillium Gift of Life Network and the Canadian Liver
Foundation. Mr. Galego is a graduate of York University with Hons.

B.A. and the University of Windsor with LL.B. Susan Rubin – Chief Financial Officer & Corporate Secretary, CPA, CA

20+ years of experience in the junior mining exploration sector and the

high tech sector

Fmr. CFO of CB Gold Inc. (sold in Dec 2015), Ventana Gold Corp.,

and Wildcat Silver Corp.

Held various progressively senior management positions in finance

and audit Victor Torres - Senior Exploration Geologist - Geological Engineer

Over 15 years of experience in mining exploration and project

development

Fmr. Chief Project Geologist with CB Gold Inc. (sold in Dec 2015)
Previously project geologist with Teck Cominco, Placer Dome,

Antofagasta Minerals and production geologist for Centromin Peru

BSc. in Geological Engineering from the Universidad Nacional Mayor

de San Marcos of Lima, Peru and is member of the Peruvian Engineers Association (CIP)

Directors and Management

Western Atlas Resources

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Capital Structure Western Atlas

Resources

Management & Insiders 46% US Global Investors 7% Public Float 47%

Exercise Price WA Expiry date Shares I/O 56,380,370 Options $0.12 - $0.32 2 years 4,855,700 Warrants $0.30 1.5 years 2,053,750 Fully Diluted 63,289,820

Western Atlas Resources - Capital Structure (December 2018)

SLIDE 5

Proven Team - Ability to perform and deliver

Decades of successful track-record in both the natural resources and the capital market
industries. Board and management have discovered, advanced and created value through

production and monetization of several projects. Among others:

Gran Colombia Gold – Largest gold producer in Colombia (E2018 production of 220k oz
f Au at AISC averaged of $888 oz/Au) and over 5.1M oz in resources
Bolivar Gold Corp - El Callao Mines, Venezuela - 10.7M oz grading 2.0 g/t in M+I

resources (inclusive P+P of 5.5M oz grading at 1.9g/t) – sold to Gold Fields for US$330M

Current Projects

Currently located in Nunavut, Canada - a low risk and mining-friendly jurisdiction
District scale land holdings (170km2) - 100% owned mineral claims along trend and

adjacent to Agnico Eagle’s Meadowbank producing gold mine, Amaruq gold deposit, Greyhound project and Auryn Resources’s Three Bluffs deposit

Fully Permitted and Drill ready
Land use (Class A) and Water use (Type B) permits received and in place
Already defined targets for follow up and drilling - several of these targets have yielded gold

values of up to 13.30 g/t Au and up to 44.7 g/t Ag during the 2017 and 2018 sampling

Corporate Strategy

Leverage on Board and Management’s broad and proven range of skills to increase the

project pipeline and to add long term value

Early-Stage - buy early and add value through the drill-bit
JV and/or acquisition of new assets with historic data
Treasury management - lid on the G&A expenses

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Investment Highlights and Strategy Western Atlas

Resources

BOLIVAR GOLD CORP.

SLIDE 6

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Why Nunavut Western Atlas

Resources

Pro-mining jurisdictions and home to some world class mining projects
Over 12M oz/Au in P+P reserves, 14M oz/Au in M+I and 9M oz/Au in Inferred resources
Serviced year round - local infrastructure and labour
Baker Lake and the Rankin Inlet are a hub of mining activity in the region. Baker Lake provides summer shipping

access via Hudson Bay and year-round airport facilities. Agnico’s Meadowbank mine has a 110km all-weather road (which passes through Western Atlas’ Meadowbank claims), from Baker Lake to the Meadowbank mine site to Amaruq

Vast, highly perspective areas provide additional opportunities to add value through discovery

P+P Reserves M+I Resources Inferred Resources M oz/Au M oz/Au M oz/Au Agnico Eagle Meadowbank gold mine 0.35 0.18 0.12 Medialine advanced stage project * 3.67 3.07 2.69 Amaruq gold deposit 2.37 1.02 1.74 Total Agnico Eagle 6.38 4.27 4.55 TMAC Resources Hope Bay project ** 3.51 4.51 1.43 Sabina Gold and Silver Back River gold project ** 2.50 5.33 1.85 Auryn Resources Three Bluffs deposit (Committee Bay area) - 0.52 0.72 Nordgold Pistol Bay gold project

0.74

Combined Total 12.39 14.64 9.29

* Note: operations exp. to begin in Q2 2019 ** Note: M+I inclusive of P+P

Nunavut - Companies' Mineral Reserves and Resources

CANADA

Nunavut

SLIDE 7

District scale land holding:

580 km2 of highly prospective and strategically

located mineral claims, in Nunavut, Canada

Claims were staked by Western Atlas at nominal

costs – No third party options or royalties

Immediately adjacent to Agnico Eagle’s Meadowbank producing gold mine, Amaruq gold deposit and Greyhound project

Meadowbank 2017 production of 352k oz/Au at total

cash costs of $614/oz

Amaruq E2019 and E2020 production of 162k and

265k oz/Au respectively

P+P 2.7M oz/Au, M+I 1.2M oz/Au and Inferred

resources of 1.7M oz/Au (*)

Greyhound project – (optioned to Agnico by Aura

Silver)

Fully Permitted Exploration - Drill Ready:

Land and Water use permits received (incl. drilling

and site camp)

Note: (*) Agnico’s Meadowbank open pit mine (Goose, Portage and Vault deposits), and Amaruq gold deposit. Reserves and Resources do not include the Meliadine deposit.

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Meadowbank Project

Western Atlas Resources

Agnico’s Meadowbank Producing Gold Mine Agnico’s Amaruq Deposit

SLIDE 8

2017 and 2018 Meadowbank Geological Program

2017: Completed data compilation on work performed by previous
perators on and in the vicinity of the Meadowbank Project mineral

claims

2017: Completed over 3,800 km of airborne magnetic survey
2017: NI43-101 Technical Reports (prepared by RPA)
2018: Completed detailed mapping and sampling program - up to

6.6 g/t Au and 44.7 g/t Ag (up to 13.3 g/t Au with the 2017 sampling program)

2018: Completed over 1,500 line-km of helicopter-borne VTEM

(survey was carried out by Geotech Ltd)

2018: Completed over 32 line-km of ground IP survey over specific

targets located in Block B (survey was carried out by Peter E. Walcott & Associates Ltd)

2018: Completed electromagnetic anomaly picking (EM) and AIIP

processing report (by Geotech Ltd) 8

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Meadowbank Project - Exploration Program Western Atlas

Resources

Exploration results suggest multiple conductors with kilometres strike length located within a

favourable Archaean greenstone belt geological environment with known iron formation hosted gold mineralization

Similar geological settings can be found at Agnico Eagle’s neighbouring Meadowbank producing gold

mine and Amaruq deposits

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Meadowbank Project - Exploration Block B Western Atlas

Resources

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624000 628000 632000 636000 640000 644000 648000 7172000 7176000 7180000 7184000 7188000 7192000

Legend

2.5 5 km

¯

Outcrops 2017-2018 Grab Samples

Au (g/t)

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<0.015

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0.015 - 0.050

! (

0.051 - 0.100 ! ( 0.101 - 1.000

! (

1.001 - 2.500

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BIF DB QFP SLT UV FV MV QZ QW GN Cover Banded Iron Formation (BIF +/- Au) Shear Zone (+/-Au) Diabase Quartz-Feldspar Porphyry (QFP) Shale/Slate (SLT) Ultramafic Volcanics (UV) Felsic Volcanics (FV) Mafic Volcanics (MV) Quartzite (QZ) Greywacke (GW) Granite (GN)

Geology

Airborne VTEM Plus (Completed) Block B Boundary Magnetic Lines (as identified by airborne magnetic survey) Shear Fault

(

Thrust Fault Road 0.551

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13.3

Block B – Target B1 – VTEM Results with Geology Block B – Target B2 – VTEM Results with Geology

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Block B – Target B3 – VTEM Results with Geology

0.0099 0.0116 0.0128 0.0138 0.0147 0.0156 0.0164 0.0173 0.0182 0.0191 0.0199 0.0209 0.0218 0.0228 0.0239 0.0249 0.0260 0.0273 0.0287 0.0305 0.0327 0.0361 0.0413 0.0508 0.0644 0.0813 0.1049 0.1405 0.1858 0.2439 0.3103 0.4278 0.5717 0.7305 0.9252 1.1345 1.3566 1.6185 Tau dB/dt (ms)

6.89 0.63 0.68 1.02 5.65 2.06 0.87 2.23 2.95 4.85

0.0010
0.0004
0.0001

0.0002 0.0004 0.0006 0.0008 0.0010 0.0011 0.0012 0.0014 0.0015 0.0016 0.0017 0.0018 0.0020 0.0021 0.0022 0.0023 0.0024 0.0025 0.0026 0.0027 0.0028 0.0029 0.0030 0.0032 0.0033 0.0034 0.0036 0.0037 0.0039 0.0040 0.0042 0.0045 0.0047 0.0051 0.0057 dB/dt 0.440 ms pV/(A*m^4)

0.551 0.734

0.0015 0.0022 0.0044 0.0075 0.0115 0.0162 0.0207 0.0253 0.0296 0.0339 0.0380 0.0420 0.0460 0.0498 0.0537 0.0577 0.0618 0.0660 0.0699 0.0741 0.0784 0.0827 0.0872 0.0920 0.0969 0.1024 0.1079 0.1143 0.1214 0.1295 0.1392 0.1510 0.1663 0.1863 0.2117 0.2497 0.3276 0.5917 dB/dt 0.073 ms pV/(A*m^4)

6.89 0.68 13.3 1.02 5.65 2.06 0.87 0.63 2.23 2.95 4.85 0.975 1.02 0.734

Target B3 Target B2 Target B1

1 2 km DATE: DECEMBER, 2018 SCALE: AS SHOWN PROJECTION: UTM ZONE 14/15, NAD 83 DRAWN BY: AMANDA TUCK

Western Atlas Resources Inc.

Meadowbank Area Project

Nunavut Territory, Canada

BLOCK B VTEM Results with Geology

SLIDE 10

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Meadowbank Project - Exploration Block B Western Atlas

Resources

Due to other gold discoveries in Meadowbank, the geological and structural framework as it relates to gold mineralization in

the area is well understood and generally associated with Banded Iron Formation (BIF) and shear zones, among others

Results of Block B’s field traverses and related mapping have allowed the Company to highlight geological formations such

as BIF and shear zones with a strike length in the order of kilometers

Block B, South Target

Over 15 Km BIF
Over 13 km Shear zones

Block B, North East Target

Over 3 Km BIF
Over 2 km Shear zones

SLIDE 11

Highlights from VTEM results

1,500 line kilometres of surveying completed

in three survey areas (VTEM survey was carried out by Geotech Ltd.) over portions of the Meadowbank Blocks A, B and C

Aimed

at identifying bedrock conductive responses in areas that Western Atlas considers to be geologically permissive for gold mineralization

Numerous

strong electromagnetic (EM) anomalies were located in Blocks B and C

The strong EM double-peak anomalies are

related to bedrock conductors, i.e., BIF- related sulphides (including pyrrhotite possibly) - Electromagnetic anomaly picking (EM) and AIIP processing report (by Geotech Ltd) 11

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Meadowbank Project – VTEM survey Western Atlas

Resources

IVR pit Whale Tail pit

600000 600000 650000 650000 7150000 7150000 7200000 7200000 7250000 7250000

¯

A B C

Baker Lake

636000 636000 638000 638000 640000 640000 642000 642000 644000 644000 646000 646000 7176000 7176000 7178000 7178000 7180000 7180000 644000 644000 646000 646000 7188000 7188000 634000 634000 636000 636000 7236000 7236000 7238000 7238000 0.5 1 Km 0.5 1 Km 1 2 Km

TARGET A1 TARGET B1 TARGET B2

10 20 Km Western Atlas Resources Properties Agnico - Amaruq Property Agnico - Meadowbank Property JV Agnico-Aura Silver Greyhound Property Aura Silver Property Agnico - New Properties Inuit Owned Lands (IOL) IOL Subsurface Agreements Road 634000 634000 636000 636000 7166000 7166000 0.5 1 Km

TARGET C1

Phaser pit BB Phaser pit Portage deposit Goose deposit Vault deposit

DATE: DECEMBER, 2018 SCALE: AS SHOWN PROJECTION: UTM ZONE 14/15, NAD 83 DRAWN BY: AMANDA TUCK

Western Atlas Resources Inc.

Meadowbank Area Project

Nunavut Territory, Canada

TARGETS A1, B1, B2, AND C1 VTEM SURVEY LOCATIONS

SLIDE 12

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In Block B, area B1, most of the EM anomalies are located in two parallel conductive trends, trending NE-SW (and

as isolated anomalies) corresponding with a stacked series of sub-vertical conductors

Meadowbank Project - VTEM survey, Block B Western Atlas

Resources

SLIDE 13

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Meadowbank Project - IP Survey, Block B

Western Atlas Resources

Highlights from IP results

Multiple trends of conductors with a strike length ranging from 400 meters to 7.1 kilometers. Depth reach of the conductors

varies from 75 meter and to over 300 meters from surface

Numerous moderate to high chargeability anomalies coincident with and flanking VTEM anomalies
The surface projection of these anomalies coincides with areas mapped by Western Atlas
The underlain structures yielded highly anomalous gold values at points
The results of Grid 3 highlights two crosscutting chargeability trends within an intense magnetic corridor
These chargeability trends are formed by a dominant northeastern trend tracking the regional geological trend, and a

second east-westerly trend crossing the dominant trend in the southwest portion of the survey area

! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! !! ( (( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! (! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ! ! ! ! ! ! ! ! ! ( ( ( ( ( ( ( ( ( ( ! ! ( ( ! ! ! ! ! ( ( ( ( ( ! ( ! ( 632000 634000 636000 638000 640000 642000 644000 646000 648000 650000 7176000 7176000 7178000 7178000 7180000 7180000 7182000

Legend

1 2 km

¯

Banded Iron Formation (BIF +/- Au) Shear Zone (+/- Au) IP Survey Grid Areas (Completed) Airborne VTEM Plus (Completed) Block B Survey Boundary Waterbody Topographic contour Magnetic Lines (as identified by airborne magnetic survey) Shear Fault DATE: SEPTEMBER, 2018 SCALE: AS SHOWN PROJECTION: UTM ZONE 14/15, NAD 83 DRAWN BY: AMANDA TUCK BLOCK B - TARGET B1 Apparent Chargeability (mV/V) with Geology Western Atlas Resources Inc. Meadowbank Area Project Nunavut Territory, Canada

GRID 1

! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ! ! ! ( ( ( ( ! ( 636000 636000 638000 638000 640000 640000 7178000 7178000 ! ( ! ( ! ( ! ( ! ( ! ! ! ! ! ! ( ( ( ( ( (! ( ! !! ( (( ! ( ! ( 642000 642000 644000 644000 7178000 7178000

GRID 2 GRID 3

GRID 1 GRID 2

0.5 1 Km 0.5 1 Km 2017-2018 Grab Samples Au (g/t) ! ( 0.015 - 0.050 ! ( 0.051 - 0.100 ! ( 0.101 - 1.000 ! ( 1.001 - 2.500 ! ( 2.501 - 100.000 13.3 1.02 0.68 2.06 5.65 0.63 0.68 13.3 1.02 6.89 0.87 ! ( ! ( ! ( 642000 642000 644000 644000 7180000 7180000

GRID 3

0.5 1 Km 2.8 3.4 4.0 4.6 5.1 5.7 6.3 6.9 7.5 8.1 8.6 9.2 9.8 10.4 11.0 11.6 12.2 12.7 13.3 13.9 14.5 15.1 15.7 16.2 16.8 17.4 18.0 18.6 19.2 19.7 20.3 20.9 21.5 22.1 22.7 23.2 23.8 24.4 mV/V Grid 3 15.4 15.8 16.2 16.5 16.9 17.3 17.7 18.1 18.5 18.8 19.2 19.6 20.0 20.4 20.8 21.2 21.5 21.9 22.3 22.7 23.1 23.5 23.8 24.2 24.6 25.0 25.4 25.8 26.2 26.5 26.9 27.3 27.7 28.1 28.5 28.8 29.2 29.6 mV/V Grid 1 15.6 16.3 16.9 17.6 18.2 18.8 19.5 20.1 20.8 21.4 22.1 22.7 23.3 24.0 24.6 25.3 25.9 26.5 27.2 27.8 28.5 29.1 29.7 30.4 31.0 31.7 32.3 32.9 33.6 34.2 34.9 35.5 36.2 36.8 37.4 38.1 38.7 39.4 mV/V Grid 2

SLIDE 14

14

The image part with relationship ID rId3 was not found in the file.

Meadowbank Project - Exploration Block A Western Atlas

Resources

! ! ! ! ! ! ! !! ! ( ( ( ( ( ( ( (( (

! ( ! (

! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! (

633000 633500 634000 634500 635000 635500 636000 636500 7236000 7236500 7237000 7237500

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ! ( ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !! ! ! ! ! ! ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( (( ( ( ( ( ( ! ! ! ! ! ! ! ! ! ! ! ! ! ! ( ( ( ( ( ( ( ( ( ( ( ( ( (

! (

! ! ! ! ! ( ( ( ( (

! ! ( (

626000 626000 628000 628000 630000 630000 632000 632000 634000 634000 636000 636000 7230000 7230000 7232000 7232000 7234000 7234000 7236000 7236000 7238000 7238000 7240000 7240000

Legend

1 2 km

¯

Outcrops

2017-2018 Grab Samples

Au (g/t)

! (

<0.015

! (

0.015 - 0.050

! (

0.051 - 0.100 ! ( 0.101 - 1.000

! (

1.001 - 2.500

! (

>2.500

BIF DB QFP SLT UV FV MV QZ QW GN

Cover Banded Iron Formation (BIF +/- Au) Shear Zone (+/-Au) Diabase Quartz-Feldspar Porphyry (QFP) Shale/Slate (SLT) Ultramafic Volcanics (UV) Felsic Volcanics (FV) Mafic Volcanics (MV) Quartzite (QZ) Greywacke (GW) Granite (GN)

Geology

Airborne VTEM Plus (Completed) Block A Boundary Magnetic Lines (as identified by airborne magnetic survey) Shear Fault

(

Thrust Fault Road 0.963 3.74 4.10

0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0011 0.0011 0.0011 0.0011 0.0011 0.0012 0.0012 0.0012 0.0013 0.0013 0.0014 0.0015 0.0015 0.0016 0.0017 0.0019 0.0020 0.0022 0.0024 0.0028 0.0033 0.0047 B-Field 0.440 ms (pV*ms)/(A*m^4)

633000 633500 634000 634500 635000 635500 636000 636500 7236000 7236500 7237000 7237500

0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0011 0.0011 0.0011 0.0011 0.0011 0.0012 0.0012 0.0012 0.0013 0.0013 0.0014 0.0015 0.0015 0.0016 0.0017 0.0019 0.0020 0.0022 0.0024 0.0028 0.0033 0.0047 B-Field 0.440 ms (pV*ms)/(A*m^4) 0.5 1 km 0.5 1 km

0.963

Block A – Target A1 – VTEM Results with Geology Block A – Target A1 – VTEM Results

DATE: DECEMBER, 2018 SCALE: AS SHOWN PROJECTION: UTM ZONE 14/15, NAD 83 DRAWN BY: AMANDA TUCK

Western Atlas Resources Inc.

Meadowbank Area Project

Nunavut Territory, Canada

BLOCK A VTEM Results with Geology

SLIDE 15

15

The image part with relationship ID rId3 was not found in the file.

Meadowbank Project - Exploration Block C Western Atlas

Resources

! ( ! ( ! ( ! ( ! ! ( ( ! (

! ( 630000 631000 632000 633000 634000 635000 636000 637000 7165000 7166000 7167000 7168000

! ! ! ! ! ( ( ( ( ( ! ! ( (

! ( 616000 616000 618000 618000 620000 620000 622000 622000 624000 624000 626000 626000 628000 628000 630000 630000 632000 632000 634000 634000 636000 636000 7152000 7154000 7154000 7156000 7156000 7158000 7158000 7160000 7160000 7162000 7162000 7164000 7164000 7166000 7166000 7168000 7168000 7170000 7170000

Legend

1 2 km

¯

Outcrops

2017-2018 Grab Samples

Au (g/t)

! (

<0.015

! (

0.015 - 0.050

! (

0.051 - 0.100 ! ( 0.101 - 1.000

! (

1.001 - 2.500

! (

>2.500

BIF DB QFP SLT UV FV MV QZ QW GN

Cover Banded Iron Formation (BIF +/- Au) Shear Zone (+/-Au) Diabase Quartz-Feldspar Porphyry (QFP) Shale/Slate (SLT) Ultramafic Volcanics (UV) Felsic Volcanics (FV) Mafic Volcanics (MV) Quartzite (QZ) Greywacke (GW) Granite (GN)

Geology

Airborne VTEM Plus (Completed) Block C Boundary Magnetic Lines (as identified by airborne magnetic survey) Shear Fault

(

Thrust Fault Road

! ( ! ( ! ( ! ( ! ( ! ( ! ( ! (

625000 626000 627000 628000 629000 630000 631000 632000 7163000 7164000 7165000 7166000 7167000

1 2 km 1 2 km

Block C – Target C1 – VTEM Results with Geology Block C – Target C2 – VTEM Results with Geology

0.0109 0.0339 0.0486 0.0595 0.0674 0.0746 0.0806 0.0860 0.0914 0.0969 0.1024 0.1082 0.1141 0.1200 0.1263 0.1324 0.1388 0.1465 0.1543 0.1627 0.1732 0.1871 0.2052 0.2361 0.2922 0.4072 0.6399 1.0105 1.5889 2.3097 2.9776 3.4869 4.2573 5.1838 6.3965 7.7842 9.3395 11.2078 dB/dt 0.073 ms pV/(A*m^4) 0.0109 0.0339 0.0486 0.0595 0.0674 0.0746 0.0806 0.0860 0.0914 0.0969 0.1024 0.1082 0.1141 0.1200 0.1263 0.1324 0.1388 0.1465 0.1543 0.1627 0.1732 0.1871 0.2052 0.2361 0.2922 0.4072 0.6399 1.0105 1.5889 2.3097 2.9776 3.4869 4.2573 5.1838 6.3965 7.7842 9.3395 11.2078 dB/dt 0.073 ms pV/(A*m^4) DATE: DECEMBER, 2018 SCALE: AS SHOWN PROJECTION: UTM ZONE 14/15, NAD 83 DRAWN BY: AMANDA TUCK

Western Atlas Resources Inc.

Meadowbank Area Project

Nunavut Territory, Canada

BLOCK C VTEM Results with Geology Target C1 Target C2

SLIDE 16

Western Atlas Resources

The image part with relationship ID rId3 was not found in the file.

Appendix

SLIDE 17

17

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Meadowbank Project - IP Survey, Block B Western Atlas

Resources

SLIDE 18

18

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Meadowbank Project - IP Survey, Block B

Western Atlas Resources

SLIDE 19

19

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Meadowbank Project - IP Survey, Block B Western Atlas

Resources

SLIDE 20

20

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Over 114 km2 of mineral claims along trend to Auryn Resources’s Three Bluffs deposit:
Indicated resources of 524k oz/Au; Inferred resources of 720k oz/Au
Exploration Fully permitted (inclusive drilling) - Land and Water use permits received
In Jan 2017 Goldcorp invested approx. C$41M in Auryn Resources

Committee Bay Project Western Atlas

Resources

SLIDE 21

Western Atlas Resources Inc.

(TSX-V: WA) 1700 - 666 Burrard Street Vancouver, BC V6C 2X8, Canada

www.westernar.com email: info@westernar.com

The image part with relationship ID rId3 was not found in the file.