Trading Symbol: MUR BRABANT CAMP IN PERSPECTIVE: Geometric Distribution of VMS Resources at Mining Camp Scale II - Trans-Hudsonian Belt Survey Toronto May, 2015 18 King Street East, Suite 810, Toronto, Ontario, Canada M5C 1C4 Phone: +1-416-350-3776 Fax:+1-416-350-3570 www.murchisonminerals.com Info@murchisonminerals.com
Cautionary Statement 2 These statements, maps and models in this presentation are based on information currently available to the Company and the Company 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 and mineral reserves, the realization of resource estimates and reserve estimates, 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 Murchison project 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 the Company 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 the Company 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 Murchison project, risks relating to variations in mineral resources and mineral reserves, grade or recovery rates resulting from current exploration and development activities, risks relating to changes in metal prices and the worldwide demand for and supply of base and precious metals, 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 and mineral reserves, 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 Murchison project may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, and environmental risks. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Qualified Person William E. Stone, P.Geo., Independent Consultant, is the Qualified Person as defined in NI43-101 that reviewed and approved the technical information contained in this presentation.
Introduction 3 How best to assess exploration upside of the Brabant base metal massive sulphide property in the La Ronge Belt of the Trans-Hudsonian Orogeny? Comparison to world-class Archean, Proterozoic and Paleozoic base metal camps elsewhere in Canada suggests The Big One (i.e., Tier 1 deposit) in the La Ronge belt appears to be missing In this summary document, comparisons made to the other base metal camps of the Trans-Hudsonian Belt in Manitoba and Saskatchewan What does this analysis reveal about the exploration upside in the La Ronge Belt? Possible implications for exploration potential of Brabant Property?
Trans-Hudsonian Volcanic Belt 4 Map from Sangster (1978) Location of Brabant Lake deposit = H in the La Ronge Volcanic Belt, SK
Trans-Hudsonian Volcanic Belt II 5 Location map after Hoffman (1989). FFB: Flin Flon Belt; GD: Glennie Domain; HLB: Hanson Lake Block; LL-LR: Lynn Lake- La Ronge Belt; KD: Kisseynew Domain; RL: Rusty Lake Belt; TB: Tabbernor Fault Zone
6 Flin Flon VMS Camp Plot of Deposit versus Resource tonnage for 20 deposits in the Flin Flon VMS Mining Camp, Manitoba Deposits plotted from left to right along the X-axis in order of decreasing size of mineral resource The geometric distribution of a single very large deposit (Deposit 1 = Flin Flon deposit) followed by significantly smaller deposits is common in world-class VMS mining camps
Snow Lake VMS Camp 7 Plot of Deposit vs Resource tonnage for 23 deposits in the Trans-Hudsonian Snow Lake Mining Camp, Manitoba Deposits plotted from left to right along the X-axis in order of decreasing size of mineral resource The geometric distribution of a single very large deposit (Deposit 1 = Lalor Lake) followed by significantly smaller deposits is common in world-class VMS mining camps
Lynn Lake VMS Camp 8 Plot of Deposit vs Resource tonnage for 6 deposits in the Trans-Hudsonian Lynn Lake mining camp, Manitoba Deposits plotted from left to right along the X-axis in order of decreasing size of mineral resource The geometric distribution of a single very large deposit (1 = Farley Lake deposit) followed by significantly smaller deposits is common in world-class VMS mining camps
9 Hanson Lake VMS Camp Plot of Deposit versus Resource tonnage for 4 deposits in the Hanson Lake mining camp, Manitoba Deposits plotted from left to right along the X-axis in order of decreasing size of mineral resource The geometric distribution of a single very large deposit (Deposit 1 = McIlvenna Bay) followed by significantly smaller deposits is common in world-class VMS mining camps
Sherridon Lake VMS Camp 10 Plot of Deposit versus Resource tonnage for 5 deposits in the Sherridon Lake mining camp, Manitoba Deposits plotted from left to right along the X-axis in order of decreasing size of mineral resource The geometric distribution of a single very large deposit followed by significantly smaller deposits in world-class VMS mining camps is not evident here, suggesting that Sherridon Lake remains prospective for a large discovery
11 La Ronge Belt? Plot of Deposit versus Resource tonnage for 4 deposits in the La Ronge Belt of the Trans-Hudsonian orogeny Deposits plotted left to right along the X-axis in order of decreasing size of mineral resource (3=Brabant) Geometric distribution of deposit resources suggests that a very large deposit is absent from the dataset and, by analogy to the Snow Lake Camp, remains to be discovered.
12 Closing Comments The La Ronge portion of the Trans-Hudsonian Belt remains very prospective for discovery of a major base metal VMS deposit Murchison plans to explore for a major VMS deposit on its 100% owned Brabant property But where to focus? Apply results of winter 2015 EM re-interpretation study to guide drilling
Contact 13 President & CEO: J.C. Potvin Email: jcpotvin@murchisonminerals.com T: +1.416.350.3997 CFO: Erik Martin Email: emartin@murchisonminerals.com T: +1.416.350.3576 Address: 18 King Street East, Suite 810, Suite 810, 18 King Street East, Toronto, Ontario, M5C 1C4 Website: www.murchisonminerals.com