FORWARD-LOOKING STATEMENTS This presentation contains forward-looking information. Forward looking information contained in this presentation includes, but is not limited to, statements with respect to: (i) the estimation of inferred and indicated mineral resources; (ii) the success of exploration activities; (iii) the results of the PEA including statements about future production, future operating and capital costs, the projected IRR, NPV, payback period, and production timelines for the Tiger Deposit. These statements are based on information currently available to ATAC Resources Ltd. ( ATAC ) and ATAC provides no assurance that actual results will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Forward-looking information contained in this presentation is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource estimate, gold metal prices, the timing and amount of future exploration and development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Tiger Deposit in the short and long-term, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the completion of the environmental assessment process, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While ATAC considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of ATAC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not commence at the Tiger Deposit, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to changes in gold prices and the worldwide demand for and supply of gold, risks related to increased competition in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities at the Tiger Deposit may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, and environmental risks. This list is not exhaustive of the factors that may affect any of ATAC's forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on ATAC's forward-looking information. ATAC does not undertake to update any forward-looking information that may be made from time to time by ATAC or on its behalf, except in accordance with applicable securities laws. PEA DISCLOSURE It should be noted that the Tiger Deposit PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA forecast will be realized or that any of the resources will ever be upgraded to reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. A NI 43-101 technical report for the Tiger Deposit PEA has been filed on SEDAR (www.sedar.com) and is available on ATAC's website (www.atacresources.com). QUALIFIED PERSON Julia Lane, B.Sc., P.Geo., the Vice President of Exploration of ATAC, is a qualified person for the purposes of National Instrument 43-101. All technical information contained in this presentation has been approved by Julia Lane. TRUE WIDTHS True widths for all Conrad, Osiris, Sunrise, Ibis, Anubis, Tiger and Ocelot highlight drill holes are estimated to be 30% - 100% of intersected widths. RAB drill hole intersections are drilled thicknesses. True widths are unknown. 2
MANAGEMENT Graham Downs Rob Carne, M.Sc., P.Geo. Julia Lane, B.Sc., P.Geo. Ian Talbot, B.Sc., LLB. Larry Donaldson, C.A. Vanessa Pickering DIRECTORS Douglas Goss, B.Comm., LLB. Bruce Youngman, B.Sc. Glenn Yeadon, B.Comm., LLB. Bruce Kenway, C.A. Helmut Wober, P.Eng. PROJECT MANAGEMENT President & CEO Executive Chairman, Technical Committee and Director VP, Exploration COO CFO Manager, Corporate Communications Chairman and Director Director Secretary and Director Director Director Exploration at the Rackla Gold Project is managed by Archer, Cathro & Associates (1981) Limited. Archer, Cathro is a long-standing Yukon exploration consulting firm and has been in business since 1965. 3
SHARE STRUCTURE SHARES OUTSTANDING 117,794,577 FULLY DILUTED 127,284,577 OPTIONS ($0.31 - $1.80) 9,490,000 WARRANTS 0 WORKING CAPITAL ~$16M Capital Structure as at Jan. 22, 2016 FINANCINGS FLOW-THROUGH HARD DOLLARS PROCEEDS Past 12 month trading pattern Mar. 2014 Mar. 2013 Nov. 2012 July 2012 Feb. 2011 3,781,441 @ $1.80/share 1,000,000 @ $2.05/share 3,980,100 @ $3.30/share 3,333,333 @ $7.50/share 9,600,000 @ $1.35/share 886,900 @ $2.85/share ~$6.8 M ~$13.0 M $2.0 M $15.6 M $25 M SIGNIFICANT HOLDERS TOCQUEVILLE 11,516,891 9.7% STRATEGIC METALS 10,144,136 8.6% AGNICO EAGLE* 9,600,000 8.1% *As at Sept. 22, 2014 4
Developing Canada s only Carlin-type gold district in geopolitically safe and mining friendly Yukon 2015 Orion discovery hole at Anubis Cluster intersected 47.24 m of 3.79 g/t gold 2015 Conrad hole OS-15-231 intersected 124.96 m of 3.02 g/t gold Open-ended Airstrip Anomaly to be further tested with expansion soil grids and hand pitting in 2016 Additional engineering studies underway at the Tiger Gold Deposit to optimize 2014 PEA Improved site logistics Tiger Gold Deposit tote-road permitting to begin in 2016 Well-funded - ~$16 million cash 100% owned with no underlying royalties Exploration Cooperation Agreement in place with the First Nation of Na Cho Nyäk Dun 5
GOVERNMENT OF YUKON Promotes resource investment and responsible development CONTROL Decisions about land, water and mineral resources are made by Yukoners LAWS Secure mineral tenure and single coordinated approach to environmental assessment and regulatory permitting FIRST NATIONS 11 of 14 Yukon First Nations have finalized land claims including the Na Cho Nyäk Dun with whom ATAC has a long-standing Exploration Cooperation Agreement HISTORY Exploration and mining have been a part of Yukon s history and economic progress for over a century 6
Located 48 km from a government maintained highway Field assessment and permitting of Tiger Gold Deposit tote road to begin in spring 2016 All-terrain vehicle roads established within the Osiris, Anubis and Tiger areas 3 established base-camps serviced by 3 airstrips: Rau, Rackla and Stewart 7
2015 RAB drilling makes new discovery within the Anubis Cluster 47.24 m of 3.79 g/t gold at the Orion target 2015 drilling at Conrad intersected 124.96 m of 3.02 g/t gold in OS-15-231 Conrad is the most advanced zone 800 m strike length in the Upper Zone 300 m strike length in the Middle Zone OS-12-114 at Conrad Upper Zone intersected 42.93 m of 18.44 g/t gold OS-12-116 at Conrad Middle Zone intersected 56.93 m of 4.68 g/t gold incl. 15.24 m of 8.89 g/t gold OS-14-230 at Conrad Lower Zone intersected 42.67 m of 3.03 g/t gold incl. 6.09 m of 13.61 g/t gold 8
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The Orion 2015 discovery hole intersected 47.24 m of 3.79 g/t gold and bottomed in mineralization The Orion discovery hole was the only 2015 hole drilled north into the pyritic siltstone unit Orion will be extensively drilled in 2016 12
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2015 drilling intersected 124.96 m of 3.02 g/t gold in hole OS-15-231 Three step-out holes drilled in 2014 at the Conrad Middle Zone intersected high-grade gold mineralization : OS-14-227: 30.79 m of 9.50 g/t gold OS-14-228: 40.22 m of 6.57 g/t gold OS-14-229: 36.57 m of 5.06 g/t gold All zones within Conrad remain open along strike and at depth 15 15
CONRAD ZONE DRILL RESULTS HOLE FROM (m) TO (m) INTERVAL (m) Au (g/t) OS-11-010 176.15 291.08 114.93 3.15 incl. 181.36 263.65 82.29 4.08 OS-11-058 147.22 188.37 41.15 7.33 OS-11-062 83.21 142.65 59.44 4.32 OS-12-098 90.76 131.06 40.30 10.10 incl. 91.86 109.45 17.59 21.24 OS-12-103 34.44 80.50 46.06 11.24 OS-12-114 66.19 109.12 42.93 18.44 incl. 84.73 101.46 16.73 30.85 OS-12-116 256.95 313.88 56.93 4.68 OS-13-219 274.62 308.48 33.86 5.40 OS-14-227 452.80 483.59 30.79 9.50 OS-14-228 321.50 361.72 40.22 6.57 OS-14-229 448.06 484.63 36.57 5.06 OS-14-230 624.84 667.51 42.67 3.03 incl. 630.94 637.03 6.09 13.61 and 697.62 719.33 21.71 3.15 incl. 710.18 719.33 9.15 5.85 OS-15-231 357.54 482.50 124.96 3.02 True widths for all Conrad highlight drill holes are estimated to be 30% - 100% of intersected widths 16
The Rau Trend is 20 km long and hosts the Tiger Deposit and Ocelot silver-lead-zinc discovery Tiger Deposit discovered in 2007 and delineated by 25,562 m of drilling Additional engineering studies underway at the Tiger Gold Deposit to optimize 2014 PEA Nine untested satellite oxide gold targets within 8 km of Tiger Deposit Five untested gold +/- copper +/- tungsten skarn targets along the Rau Trend Field assessment and permitting of Tiger Gold Deposit tote road to begin in spring 2016 17
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Size and magnitude of the Rau Trend geochemical anomalies suggests a very large mineralizing system underlies the area Numerous untested oxide gold and skarn targets located within 10 km radius of the Tiger Deposit Open-ended Airstrip Anomaly to be further tested with expansion soil grids and hand pitting in 2016 Trail access from Rau Airstrip to Tiger Deposit to be outlined 19
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Rau-09-19 28.04 m of 24.07 g/t Gold POSITIVE PEA $52.1 million NPV at US$1,250 gold, 30% IRR (pre-tax) at 5% discount rate SENSITIVITY At a US$1,500 gold price (pre-tax) NPV increases to $103.3 million at 5% discount rate Please see page 1 of this presentation for Tiger PEA disclosure FOUR YEAR, SEASONAL OPERATION LOM production 221,558 oz gold HIGH-GRADE AT-SURFACE 3.72 g/t gold average over LOM EXCELLENT RECOVERIES 89.8% combined average recoveries from hybrid heapleach and agitated tank carbon-in-leach 21 (CIL)
POSITIVE TIGER DEPOSIT PEA RELEASED IN 2014 ATAC is undertaking additional engineering and desktop studies to optimize the Tiger Deposit through: LOGISTICS ATAC will begin the process of permitting an all-season tote road into the Tiger Deposit to support advanced exploration GEOTECHNICAL STUDIES Geotechnical drill holes were completed in 2015 to support studies directed at steepening pit slopes METALLURGY Further examination of the metallurgy of sulphide material which was previously considered waste-rock in the 2014 PEA NEW PROCESS APPROACH Investigating a year-round, road accessible, 100% agitated tank process which would eliminate the heap-leach facility and simplify the proposed project REVISED PEA Results of the above studies will be used to support a new PEA 22
TOTE ROAD: 66 km long and 5-6 m wide Transport truck capable Maximum speed of 20-50 km/h COMPLETED ROUTE STUDIES: Heritage Wildlife and fish Environmental baseline (includes soils, water and vegetation) Preliminary engineering 2016 PRE-PERMITTING STUDIES: Additional heritage Field assessment Sample proposed borrow sites 23
Orion discovery validates the Nadaleen Trend s district scale potential and will be the focus of a 2016 RAB drill program Newly identified and open-ended Rau Trend Airstrip gold anomaly to be systematically explored in 2016 Tiger Tote road permitting to begin in Q2 2016 Conrad Zone continues to deliver exceptional Carlin-type gold results with OS-15-231 intersecting 124.96 m of 3.02 g/t gold Well-financed with approximately $16 million 100% owned Carlin-type gold district in safe mining jurisdiction Advancing Tiger Deposit engineering studies to move towards updated PEA 24
26. Tiger Deposit PEA Gold Price Sensitivity 27. Tiger Deposit PEA Projected Production & Processing Summary 28. Tiger Deposit PEA Capital & Operating Costs 29. Tiger Deposit NI 43-101 Mineral Resource Estimate 30. Tiger Highlight Oxide Drill Results 31. 2011-2013 Consultants 32. Northern Carlin Trend 33. Ocelot Discovery 34. Ocelot Highlight Drill Results 35. Osiris Zone 36. Osiris Highlight Drill Results 25
Gold Price $US/oz $1,100 $1,250 $1,350 $1,500 Pre-Tax Cumulative Net Cash Flow $M $36.7 $72.7 $96.6 $132.6 Pre-Tax NPV (5% discount rate) $M $21.4 $52.1 $72.6 $103.3 Pre-Tax IRR 15.5% 30.0% 39.5% 53.5% Pre-Tax Payback (years) 2.9 2.2 1.8 1.3 After-Tax Cumulative Net Cash Flow $M $26.3 $51.0 $67.3 $91.5 After-Tax NPV (5% discount rate) $M $12.6 $33.7 $47.5 $68.0 After-Tax IRR 11.2% 21.5% 27.9% 37.2% After-Tax Payback (years) 3.2 2.6 2.3 1.9 Please see page 1 of this presentation for Tiger PEA disclosure 26
CAPITAL COSTS PRE PRODUCTION (millions) SUSTAINING CAPITAL LOM OPERATING COSTS LIFE OF MINE Avg. C$ Site Infrastructure $1.7 $1.7 Heap Leach/Tailings¹ $5.7 $20.4 $26.1 Mining Equipment $10.1 $1.7 $11.8 Pre-Stripping & Stockpiling $10.5 $10.5 Process Plant $40.3 $40.3 Mining Costs* $4.46 $/tonne Processing $20.10 G & A $7.11 $/tonne processed $/tonne processed * Not including capitalized pre-production mining costs Contingency (20%) $11.6 $4.4 $16.0 Indirect Costs $12.3 $12.3 Total² $92.3 $26.5 $118.8 1. Pre-production and annual heap leach cell and tailings development 2. Total may not add exactly due to rounding Please see page 1 of this presentation for Tiger PEA disclosure 27
Total Processing Feed Processing Rate* 2.06 million tonnes 3,300 tonnes/day Life of Mine ( LOM ) Strip Ratio 5.6:1 Description of Dual Process Heap Leach (42%) CIL (58%) Combined Average or Total Average Process Feed Grade 3.45 g/t Au 3.91 g/t Au 3.72 g/t Au Average Recovery 87.8% 91.0% 89.8% Average Annual Production LOM (oz) 21,132 34,257 55,389 Total Production (oz) 84,528 137,029 221,558 Silver is a minor by-product of gold production with an assumed recover of 19% and process feed grade of 5 g/t. Total recovered silver ounces over LOM is 63,057 oz. Please see page 1 of this presentation for Tiger PEA disclosure 28
TIGER DEPOSIT NI 43-101 MINERAL RESOURCE ESTIMATE & DISCLOSURE Oxide only Cut-off grade (g/t)(au) Tonnes Grade (g/t) Ounces (Au) Indicated 1.60 2,470,000 4.25 337,500 Inferred 1.60 180,000 3.00 17,400 Oxide plus Sulphide Cut-off grade (g/t)(au) Tonnes Grade (g/t) Ounces (Au) Indicated 1.60 3,260,000 3.85 403,500 Inferred 1.60 1,570,000 2.44 123,200 The Tiger Gold Deposit mineral resource estimation was completed by Gary Giroux, P.Eng., MASc. (Giroux Consultants Ltd.) who is a qualified person and independent of ATAC, based on the criteria defined by National Instrument 43-101. Quality control data generated during the various drill programs conducted at the Tiger Gold Deposit were independently reviewed by Giroux Consultants Ltd. as part of the resource study. The full report dated effective November 15, 2011 and titled Preparation of the Tiger Zone Mineral Resource Estimate was filed on SEDAR (www.sedar.com) December 1, 2011. 29
HOLE FROM (m) TO (m) INTERVAL (m) Au (g/t) RAU-08-03 9.14 62.55 53.41 1.73 RAU-08-16 19.81 73.76 53.95 2.69 RAU-09-19 43.59 71.63 28.04 24.07 RAU-09-23 60.35 87.78 27.43 9.72 RAU-09-27 16.15 70.75 54.60 3.16 RAU-09-31 7.03 72.54 65.51 2.13 RAU-09-33 55.62 99.21 43.59 1.10 RAU-09-34 45.00 84.73 39.73 3.74 RAU-09-36 31.60 97.34 65.74 3.30 RAU-09-41 71.63 96.10 24.47 19.59 RAU-09-43 8.95 48.90 39.95 1.91 RAU-09-46 16.15 72.84 56.69 5.62 RAU-09-47 49.83 88.39 38.56 2.59 RAU-09-48 54.25 78.88 24.63 3.07 True widths for highlight Tiger Oxide drill holes are estimated to be 70%-90% of intersected widths 30
PERSON SPECIALITY BILL WENGZYNOWSKI, PEng VENESSA BENNETT, PhD JOYIA CHAKUNGAL, PhD ODIN CHRISTENSEN, PhD GREG AREHART, PhD Regional-scale exploration manager for ATAC Resources Ltd. Deposit modeling, former Mineral Deposit Geologist with Yukon Geological Survey Geological mapping, former Regional Geologist with Yukon Geological Survey Carlin-type gold deposit exploration consultant, former Nevada Exploration Manager for Newmont Carlin-type gold deposit geochemistry, University of Nevada LIZ TURNER, PhD Carbonate stratigraphy consultant; Laurentian University HARRY COOK, PhD Carbonate stratigraphy consultant, Emeritus US Geological Survey SARAH GLEESON, PhD Mineral deposit geologist, thesis supervisor; University of Alberta CRAIG HART, PhD YVETTE KUIPER, PhD Gold deposit expert, thesis supervisor; University of BC (MDRU) Structural geology consultant, thesis supervisor; Colorado School of Mines 31
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Silver-lead-zinc discovery made in 2009 (Limited exploration conducted since Carlin-type discoveries were made) Wind River Winter Trail located within 1.5 km of Ocelot Mineralization is at or near surface and remains open along strike to the northwest and down-dip Completed 4,918 m of diamond drilling in 24 holes Annotations are approximate and projected to photo 33
HOLE FROM (m) TO (m) INTERVAL (m) SILVER (g/t) LEAD (%) ZINC (%) Lead/Zinc (%) OC-11-06 154.82 160.83 6.01 23.86 0.08 8.83 8.91 OC-11-07 192.02 203.90 11.88 58.03 2.01 12.41 14.42 OC-11-09 109.73 151.45 41.72 145.43 3.36 11.65 15.01 OC-11-10 56.96 120.40 63.44 73.81 2.44 8.18 10.62 OC-11-11 32.19 70.10 37.91 188.07 8.69 6.06 14.75 incl. 37.00 51.82 14.82 400.18 20.44 9.50 29.94 OC-11-12 58.40 85.23 26.83 71.66 2.22 13.61 15.83 OC-11-13 169.16 182.88 13.72 174.18 6.39 8.55 14.94 OC-11-14 46.05 81.69 35.64 46.43 1.36 8.12 9.48 OC-11-16 48.38 83.95 35.57 56.53 1.63 9.73 11.36 OC-11-17 83.40 96.01 12.61 34.13 1.02 12.48 13.50 OC-11-18 77.72 106.75 29.03 121.12 0.51 1.28 1.79 True widths for all highlight Ocelot drill holes are estimated to be 60% - 70% of intersected widths 34
A total of 14,200 m in 59 diamond drill holes has been completed to date at Osiris *True width for OS-10-001 is estimated to be 75% - 100% of the intersected width First area discovered within the Nadaleen Trend Mineralization found at surface on top of a ridge Discovery hole OS-10-001 intersected 65.20 m of 4.65 g/t gold* Mineralization is best developed in the hinge or crest area of an anticline fold Stratabound gold mineralization outlined over a 850 m strike length along the west limb of the fold and in the hinge of the fold 35
HOLE FROM (m) TO (m) INTERVAL Au (g/t) OS-10-001 56.08 121.28 65.20 4.65 OS-11-023 15.24 56.39 41.15 2.48 incl. 38.10 53.34 15.24 4.90 OS-11-031 39.62 71.63 32.01 4.25 OS-11-053 0.41 31.39 30.98 3.09 incl. 7.60 28.15 20.55 4.09 OS-11-055 1.42 27.54 26.12 6.08 OS-11-057 1.75 23.77 22.02 4.14 incl. 3.96 14.63 10.67 7.18 OS-11-082 134.11 178.31 44.20 4.41 incl. 160.02 175.26 15.24 6.83 OS-11-088 74.07 92.35 18.28 4.43 incl. 76.94 83.21 6.27 11.15 True widths for all Osiris highlight drill holes are estimated to be 75% - 100% of intersected widths 36