FORWARD LOOKING STATEMENTS

Transcription

1 July 2016

2 FORWARD LOOKING STATEMENTS This Oceanus Resources Corporation ( Oceanus or the Company ) presentation contains certain statements, which may constitute forward-looking information under Canadian securities law requirements and forward looking statements under applicable securities laws ( forward-looking information ). All statements other than statements of historical fact contained in this presentation, including, but not limited to, statements with respect to the future financial position and results of operations, strategy, plans, objectives, goals and targets, anticipated commencement dates of exploration and development programs and mining operations, projected quantities of future production, costs and expenditures and conversion of mineral resources to reserves of Oceanus, may constitute forward-looking information. Forward-looking information can be identified by the use of words such as could, expect, believe, will, may, intend, plan, estimate, anticipate, predict, project and similar expressions and statements relating to matters that are not historical facts. Forward-looking information involves known and unknown risks and uncertainties and other factors, including those described under the heading Risk Factors in the annual information form of Oceanus dated September 1, 2015 and in documents incorporated by reference therein, which may cause the actual results, performance or achievements of Oceanus to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. These factors include, among others, the ability of Oceanus to operate as a going concern; mineral exploration, development and operating risks; the Company s limited operating history; the Company s capital requirements for current and planned exploration and development; the trading price and volatility of the Company s common shares; global financial volatility; volatility of commodity prices; risks related to operating in a foreign jurisdiction; and reliance on key members of management. Forward-looking information is based on assumptions that Oceanus believes to be reasonable. Key assumptions upon which the Company s forward-looking information is based include, but are not limited to: that commodity prices will not decline significantly nor for a lengthy period of time; that the Company s mineral resource and reserve estimates are accurate; that the Company will have sufficient working capital and be able to secure additional funding necessary for the continued exploration and development of the Company s property interests; and that key personnel will continue their employment with the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, 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 information 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 information. The forward-looking information in this presentation is made as of June 30, 2016 and the Company undertakes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than where a duty to update such information or provide further disclosure is imposed by applicable law. The Technical Information contained in this presentation has been reviewed and approved by David R. Duncan, P. Geo., Director and VP Exploration, Oceanus Resources, who is a Qualified Person as defined in NI

3 INVESTMENT HIGHLIGHTS Aiming Big Management believes they have identified gold and silver mineralization commonly associated with larger deposits in the Sierra Madre Occidental belt in Mexico, at its El Tigre Project 100% owned Royalty free No ejido lands Update Resource and Lower Risk Management is targeting a potential large open pit gold/silver resource Targeting a shallow broadly mineralized halo around previously identified high grade vein systems that were mined underground over a strike length of ~1.5km Assaying metres of untested core in 59 holes that weren t fully assayed by previous management these results will be released over the next few months Results to date in 53 holes over 1,675m of strike include; 127m of 2.16 g/t AuEq, g/t AuEq and 97.7 of 1.80 g/t AuEq from surface Enormous Exploration Upside The veins, structures and mineralized zones outcrop on surface and have been traced for a distance of 5.3 km along strike Well Funded - $5.75 million bought deal financed completed June 21, 2016 This Team Has Done it Before Mexican geological team who developed Ocampo are working on the El Tigre project 3

4 EL TIGRE PROJECT LOCATED IN THE SIERRA MADRE OCCIDENTAL ( SMO ): A PROLIFIC GOLD BELT IMPORTANT MULTI MILLION OUNCE DEPOSITS IN THE OCAMPO TREND Ocampo, Tayoltita, Palmarejo, Pinos Altos, Mulatos, Dolores SMO is a 2,000 km long mountain chain with many Ag-Au veins mined during Spanish times El Tigre is the most northern Ag-Au deposit in the SMO, untouched by Spaniards, with multi million ounce potential Excellent infrastructure, roads to property, nearby power and labour force Mineralization generally follows NW structures over kms in length 4

5 CURRENT FOCUS IS ON EL TIGRE CLAIM - A FRACTION OF CLAIMS HELD BY OCEANUS El Tigre Project Area 35 kms 15 kms Camp 18 kms * Red lines indicate roads on El Tigre Property 5

6 7 SILVER / GOLD VEINS STRETCHED OVER +5KMS Northern Veins: Aguila (Partially Explored) Escondida (Partially Explored) Fundadora (Partially Explored) Protectora (Minor Production) Camp Southern Veins: El Tigre (Major Production) Sooy (Minor Production) Seitz Kelly (Minor Production) 6

7 HISTORICAL PRODUCTION & LEGACY DRILL PROGRAM Historical underground mine (1903 to 1938) following high grade silver and gold veins: 353,000 ounces of gold produced 67.4 million ounces of silver produced Reported production through 1938 is 1.87 Million tons averaging 1308 g/t Ag, 7.54 g/t Au, 0.4% Cu, 1.1% Pb and 1.5% Zn (Craig, 2012) Gold Hill prospect discovered in 1886 Final production phase involved a small flotation mill Company Year Core Holes Total Metres Anaconda ,812.7 Minera de Cordillaras (RC) El Tigre Silver ,313.4 El Tigre Silver ,235.8 El Tigre Silver ,861.9 Totals 18,

8 EL TIGRE HISTORIC UNDERGROUND WORKINGS PROVIDE SOLID BASE FOR FURTHER RESOURCE DELINEATION El Tigre vein developed over 1450m along strike in the N-S orientation 14 mine levels to a depth of 450m Veins dip steeply to the west High grade veins typically 1 m wide, locally up to 5m in width Majority of working backfilled with tailings some tailings running 3.0 g/t Au and 300 g/t Ag Current workings flooded from level 7 down El Tigre oxidized rock exhibits excellent Au and Ag recoveries in bottle roll tests N Isometric View Looking North East S 8

9 THE NEW DISCOVERY ENCOURAGING RESULTS FROM ASSAYS SUPPORT THESIS FOR A LARGE BULK TONNAGE TARGET Previous owners focused only on sampling and assaying the high grade veins, leaving large sections of un-sampled drill core in the trays for the 59 holes they drilled Oceanus geologists recognized strong alteration around the high grade veins that were not sampled New assays of the first 53 holes confirms 100+ metre wide gold and silver mineralization across alteration zones straddling the high grade veins Oceanus has currently assayed un-sampled core from 53 holes of the 59 previously drilled these 53 holes cover 1,675m strike length of the previously mined veins The remaining 6 holes will be assayed and together with the 53 holes completed to date will form the basis for an updated resource Drill rig mobilized to property late June 2016 to commence drilling early July 9

10 ENCOURAGING ASSAY RESULTS FROM UN-SAMPLED CORE AT EL TIGRE Results from the Oceanus resampling (March 2016) include the following: Drill Section Hole ID Comment From To Length (1) Au Ag Au75 (2) 4150 ET * including including ET including including including including including ET including including including including ET including ET Including Including Drill Section Hole ID Comment From To Length (1) Au Ag Au75 (2) 4150 ET * including including Backfill ET * including including and ET OPEN * * * Backfill

11 ENCOURAGING ASSAY RESULTS FROM UN-SAMPLED CORE AT EL TIGRE Results from the Oceanus resampling (May 2016) include the following: Drill Section Hole ID Comment From To Length (1) Au Ag Au75 (2) 4400 ET including and and and ET * and Including OPEN * * * Including Including and ET and ET * including including including and OPEN * * * Backfill and Drill Section Hole ID Comment From To Length (1) Au Ag Au75 (2) 4350 ET * and and including OPEN * * * and and OPEN * * * and ET * and and including Backfill including and including ET * and ET * including including and

12 ENCOURAGING ASSAY RESULTS FROM UN-SAMPLED CORE AT EL TIGRE Results from the Oceanus resampling (May 2016) include the following (continued): Drill Section Hole ID Comment From To Length (1) Au Ag Au75 (2) 4300 ET and including and OPEN * * * Drill Section Hole ID Comment From To Length (1) Au Ag Au75 (2) 4050 ET including and and including ET * ET including including ET * Backfill and including including including ET * ET including OPEN * * * including including Backfill 4050 ET * including including Jonny Xcut ET * including including including including and including

13 ENCOURAGING ASSAY RESULTS FROM UN-SAMPLED CORE AT EL TIGRE Results from the Oceanus resampling (June 2016) include the following: Hole ET meters of 0.80 g/t gold equivalent consisting of 0.39 g/t gold and 30.4 g/t silver; including 7.5 meters of 2.07 g/t gold equivalent consisting of 1.11 g/t gold and 72.6 g/t silver. Hole ET meters of 1.46 g/t gold equivalent consisting of 0.61 g/t gold and 63.9 g/t silver; including 9.5 meters of 5.46 g/t gold equivalent consisting of 1.80 g/t gold and g/t silver. Hole ET meters of 0.72 g/t gold equivalent consisting of 0.52 g/t gold and 15.0 g/t silver; including 11.8 meters of 1.99 g/t gold equivalent consisting of 1.25 g/t gold and 56.0 g/t silver. Hole ET meters of 1.22 g/t gold equivalent consisting of 0.56 g/t gold and 49.5 g/t silver. Hole ET meters of 0.68 g/t gold equivalent consisting of 0.56 g/t gold and 8.8 g/t silver. Hole ET meters of 2.40 g/t gold equivalent consisting of 2.39 g/t gold and 0.6 g/t silver. Note: True width has not been calculated for the intercepts disclosed on slides #10 to 13, but true width is generally estimated at 75-90% of drilled width. 13

14 TIP OF THE ICEBERG EL TIGRE HOLE LOCATIONS CORE ASSAYS COMPLETED ON 1,675 METRES STRIKE LENGTH Camp 6 drill holes remain to be assayed covering the old underground mine workings 53 holes assayed over 1,675m of strike (results announced in press releases dated March 7 th, May 16 th and June 28 th, 2016) 14

15 EL TIGRE PROJECT - DRILL SECTION VIEW LOOKING NORTH POINT HOLE ID FROM TO Interval Au g/t Ag g/t AuEq75 1 ET W E 2 ET ET ET Include Include Include Include ET ET ET Include ET Underground voids are not included in the calculation of the composites, sometimes the voids are backfilled with material and grade Drill holes did not pass into footwall 13 Underground workings continue for over 300m below the drill area and show the continuation of the mineralization zone 15

16 EL TIGRE PROJECT - DRILL SECTION VIEW LOOKING NORTH W E UG voids are not included in the calculation of the composites, sometimes the voids are backfilled with material and grade. Historic underground workings POINT HOLE_ID FROM TO INTERVAL AUEQ75 AU AG 1 ET including including including ET including Underground workings continue for over 300m below the drill area and show the continuation of the mineralization zone 7 ET including

17 EL TIGRE PROJECT - GEOLOGY SECTION VIEW LOOKING NORTH W E Historical underground workings El Tigre Formation Historical underground workings Cliff Formation 100 m. wide Underground workings continue for over 300 meters beneath the drilled area and show the continuation of the mineralization zone 17

18 DRILL THE GAPS ALONG STRIKE AROUND THE HISTORIC UNDERGROUND WORKINGS Camp Brownfield drilling could extend strike 1450m of past underground workings will be focus of initial resource update Greenfield drilling could extend strike 18

19 NEAR TERM PROPERTY CATALYSTS Completed by August 2016 Completed by August 2017 Assay un-sampled existing diamond drill core over 1450m strike length to fill in the missing assay gaps Map and sample the surface and underground workings Re-log the alteration fields and total mineralized package Metallurgy testing initiated Initial resource targeted for H2, will be based on assays of the existing 59 drill holes and underground and surface channel samples Initiate preliminary drill program along strike in both directions along the +5km known vein extensions Infill drilling on existing gaps and along strike and down-dip Drill across full width of the deposit as several holes end in mineralization Map, sample and prospect El Tigre trend along strike Expand and update resource along strike and in the gaps Explore greenfield targets to the north and south of the Property 19

20 THE RIGHT TEAM FOR THE PROJECT Mr. Glenn Jessome, JD, MBA, President and Chief Executive Officer Is a founding shareholder of Oceanus and oversaw the successful listing of the Company on the TSX Venture Exchange in December Mr. Jessome has spent his career working as a securities lawyer in Halifax with extensive experience in the capital markets, mainly in the resource sector. Mr. Jessome is a member of the National Advisory Committee for the TSX Venture Exchange and a member of the Quebec-Atlantic Canada Advisory Committee for the TSX Venture Exchange. Mr. Glenn A. Holmes, CPA, CA, Chief Financial Officer, Corporate Secretary and Director - Is a mining executive with 25 years experience in the financial management of exploration and mining companies. Mr. Holmes was previously Chief Financial Officer of Etruscan Resources and Vice President Finance and Secretary Treasurer of NovaGold Resources. He is also a director and officer of NSGold Corporation and NSX Silver Inc. Mr. Richard Gordon, Chairman of the Board of Directors - Is a mining executive with more than 20 years industry experience having worked on exploration and development stage mineral projects internationally and in his home province of Nova Scotia. Prior to assuming the leadership mantle at Oceanus, Richard was Director of Investor Relations for Etruscan Resources Inc. where he was responsible for implementing the company's IR strategy. Mr. David R. Duncan, P.Geo, Non Executive Director - Is a geologist with more than 30 years experience. In Nova Scotia, David has worked on developing a number of the Meguma gold deposits and more recently, as Chief Geologist, he developed three new gold mines in West Africa and diamond mines in South Africa. He received a Bachelor of Science Degree in Geology from Acadia University in He has co-authored a number of papers and was a founding member and Director of the Nova Scotia Chamber of Mineral Resources Mr. Keith Abriel, CPA, CA, CFA, Non Executive Director - served as the Chief Financial Officer of Linear Gold Corp., Stockport Exploration Inc. and Ucore Uranium Inc. and as a Director of Rhino Resources. Mr. Abriel is a Past President of the Atlantic Canada CFA Society. Keith also spent nine years with PricewaterhouseCoopers, LLP and worked in J.D. Irving, Limited's treasury department Mr. Kevin Lindsey, BA, CPA, CMA, ICD.D, Non Executive Director - Mr. Lindsey is the Chair of the Alterna Group, a financial services and banking company with operations in Ontario and Quebec, and assets of $2.7B 20

21 CAPITALIZATION SUMMARY Listing: TSX.V:OCN Common Shares Outstanding: 118,120,273 Stock Options: weighted avg $0.23 9,210,000 Warrants: weighted avg $ ,256,750 Broker Units: equiv. # shares 2,250,000 Fully Diluted 161,837,023 Shares Held by Management, Directors and Founders Market Cap: 13,916,000 CAD$34mm Share Price (CAD$) Volume $ ,000 Volume $0.35 Share Price ($CAD) 350,000 $ ,000 $ ,000 $ ,000 $ ,000 $ ,000 $ ,000 $ Jan-16 Jan-16 Jan-16 Jan-16 Jan-16 Jan-16 Jan-16 Jan-16 Jan-16 Jan-16 Mar-16 Mar-16 Mar-16 Mar-16 Mar-16 Mar-16 Mar-16 Mar-16 Mar-16 21

22 OPPORTUNITY RECAP Aiming Big Management believes they have identified gold and silver mineralization commonly associated with larger deposits in the Sierra Madre Occidental belt in Mexico, at its El Tigre Project 100% owned Royalty fee No ejido lands Update Resource and Lower Risk Management is targeting a potential large open pit gold/silver resource Targeting a shallow broadly mineralized halo around previously identified high grade vein systems that were mined underground over a strike length of ~1.5km Assaying metres of untested core in 59 holes that weren t fully assayed by previous management these results will be released over the next few months Results to date in 53 holes over 1,675m of strike include; 127m of 2.16 g/t AuEq, g/t AuEq and 97.7 of 1.80 g/t AuEq from surface Enormous Exploration Upside The veins, structures and mineralized zones outcrop on surface and have been traced for a distance of 5.3 km along strike Well Funded - $5.75 million bought deal financed closed June 21, 2016 This Team Has Done it Before Mexican geological team who developed Ocampo are working on the El Tigre project 22

23 CONTACT INFORMAION Corporate Office Suite 2108, Purdy s Tower II 1969 Upper Water Street Halifax, Nova Scotia Canada B3J 3R7 23