Slide 1: High Grade Gold along the Abitibi Gold Belt
RDS:TSX.V High Grade Gold along the Abitibi Gold Belt
Slide 2: Cautionary Statement
Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Except for historical information certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws. Such statements may include words such as “Anticipates”, “
Slide 3: Investing in Radisson
Investing in Radisson THE O’BRIEN PROJECT 94+ DRILL DRILL PROGRAM TARGETS TO UNDERWAY GENERATE VALUE EXPERIENCED 100% PEA WORLD BOARD WITH OWNERSHIP PUBLISHED IN RENOWNED +15% IN THE JANUARY 2016 MINING CAMP OWNERSHIP PROJECT 3
Slide 4: The Old O'Brien Mine
THE OLD O’BRIEN MINE RICHEST MINE BY GRADE ALONG THE CADILLAC FAULT HISTORIC PRODUCTION 1.2M TONS AT 15.25 G/T AU FOR 587,121 OZ1 4 1. 43-101 Technical report for the O’Brien project, Abitibi, Québec, InnovExplo, April 10th 2015
Slide 5: Board of Directors
Board of Directors 100 years+ in the industry • President of Koniambo Nickel SAS > 5G$ • Vice president operations at Xstrata Nickel (Raglan) DENIS LACHANCE, Eng. • GM for Noranda Inc. Chairman of the Board • GM for TVX Gold Inc. (Casa Berardi) • GM for Agnico Eagle Mines (Joutel division and Goldex
Slide 6: Regional setting
HOLLOWAY Moz DUPARQUET ‘Au : 1.2 Moz ROUITORANER CADILLAC-BOUSQUET Au: 19.0 Moz Au : 21.0 Moz L J S tn) = H f Cadtlac << - VAL-D'OR KIRKLAND LAKE paca Mes Au : 14.0 Moz ‘Au : 24.0 Moz Val-dor aa = a =< L ° = Legend = Geology Gold Mine / Prospect = UNDIVIDED GRANITOID ROCKS ACTIVE MINE > UNDIVIDED VO
Slide 7: World class mining camp
a ‘eISSON World class mining Camp _ Westwo io —ti=- + = ~ IAMGOLD I a AGNICO-EAGLE Renico/AGNICO Rhyodacite & Rhyolite ‘ YAMANA YAMANA Basalt Sedimentary rocks THE O'BRIEN PROJECT Piché Group Volcanic rocks = 4 Mine (>100,000 oz Au) ° 1 2 3 4 Gold Zone gs prt 7. q RADISSON T Ee GLOBEX _— IAMGOLD AGN
Slide 8: World class mining camp
World class mining Camp ü Surrounded by 3 active mines owned by majors ü Laronde (AEM)à 3,500m below surface ü Lapa (AEM)à 1,500m below surface ü Westwood (IMG)à2,000m below surface ü 45M oz Au produced or in inventory ü Accessible via Provincial highway ü Supportive and stable jurisdictio
Slide 9: Milestones achieved on a $1.2M budget
Allocating money to the ground 2013 2014 2015 Milestones achieved on a $1.2M budget ü Historical data compilation ü Grew indicated resources by 24%1 ü Grew inferred resources by 250%1 ü Metallurgical study returned a 11.13 g/t Au head grade2 ü Published a PEA3 1. At a 3.5 g/t Au cut-off. From J
Slide 10: Grade is king
Grade is king Current Resources 36E and Kewagama Areas1 570,800 tons at 6.53 g/t Au Indicated: 119,819 ounces 918,300 tons at 6.38 g/t Au Inferred: 188,466 ounces Historic Resources Old O’Brien Area2 Historic: 110,786 ounces 539,327 short tons at 6.53 g/t Au At $0.15 you are paying $45 per gold oz i
Slide 11: Enterprise Value per Oz
Enterprise Value per Oz Global MC EV Minor Major Gold Resource AuEq Ticker Company Core Asset Stage EV/oz (C$M) (C$M) Jurisdiction Jurisdiction Camp M&I (g/t) +Inf (Moz) AVA.V Aurvista $20 $20 Douay Quebec Canada Abitibi Resource 3.0 0.8 $7 MAE.V Maritime $12 $12 Green Bay NFLD Canada N/A Resource 1
Slide 12: Enterprise Value per Oz
Enterprise Value per Oz 12 Source: Thomson Reuters and Company Filings
Slide 13: Enterprise Value per Oz
Enterprise Value per Oz RDS.V metallurgy study* Source: Thomson Reuters and Company Filings 13 * See page 30 of “Appendix A”
Slide 14: Get more bang for your buck
Get more bang for your buck RDS is actively growing O’Brien to 1M+ oz Au via: ü Surface drill program at $ 85 / metre All-in cost ü 6,200m drill program underway ü 10,000m Phase III drill program planned by the end of 2016 ü Historical data compilation ü Old O’Brien mine ü O’Brien West ü Sedi
Slide 15: The O'Brien Project – Room to increase
The O'Brien Project – Room to increase Surface -750m Historic production 1.2M tons at 15.25 g/t Au for 587,121 oz1 15 1. 43-101 Technical report for the O’Brien project, Abitibi, Québec, by InnovExplo, April 10, 2015
Slide 16: Fort Potentiel d'expansion
Fort Potentiel d’expansion 16
Slide 17: Towards underground exploration
Towards underground exploration • NEXT STEPS • Expand and define the deposit • Lower CAPEX with surface work Old O’Brien mine 36 E Kewagama Area 1 Area 2 OUVERT OUVERT Area 3 OUVERT Area 4 Area 5 Area 6 17
Slide 18: Phase II drill targets - Strong upside
Phase II drill targets - Strong upside 16-3 16-1 16-4 16-2 16-5 16-6 Lenght Grade Hole (m) g/t Au 3.14 g/t Au 16-1 1,66 3,39 over 6.95m 17.57 g/t Au Including 16-2 6,39 1,75 over 1.36m 4.36 g/t Au 16-3 2,00 3,16 Including over 3.02m 16-4 6,95 3,14 44.20 g/t Au 16-5 1,36 17,57 over 0.53m 16-6 1,00 6,
Slide 19: Sedimentary Rocks – The game changer
Sedimentary Rocks – The game changer Section 694 510 19
Slide 20: Free upside within 15,000m historical drilling in sedimentary rocks
Free upside lying within 15,000m historical drilling crossing sedimentary rocks 20
Slide 21: Advanced exploration program
Advanced exploration program • 6,200m drill program underway • Baseline environmental study and permitting 2016 • • Increase drilling + 10,000m Revisit historical intersections in sedimentary rocks • Geophysics program to define additional targets • Stakeholder mapping and communication plan • +30,0
Slide 22: Next milestones for 2016
Next milestones for 2016 ü 1 drill onsite ü Assays pending for 1,700m ü 1,800m to be completed on near surface targets ① 10,000m more of drilling by year-end ② Historical data and non assayed core will be revisited ③ Geophysics work to generate additional targets in greenfield areas 22
Slide 23: Capital Structure
Capital Structure Capital structure Outstanding shares 92.8 M Closing price $ 0.15 Market capitalization $ 13.9 M Options 3.58 M Warrants 4.92 M Fully diluted 101.4 M Contact Mario Bouchard, President & CEO mbouchard@radissonmining.com T. 819.797.0396 23
Slide 24: Appendix A
= 101S SO | APPENDIX “A” 24
Slide 25: Recent M&A transactions in Abitibi
Recent M&A transactions in Abitibi Transaction Deal Size Premium to Date Acquirer Target Core Asset Target Stage Type (C$M) Close Monarques 9265-9911 Beacon 5-Jul-16 Asset Sale Mine on C&M $4.0 n/a Gold Québec Inc. Property Astoria and 22-Jun-16 Kinross Yorbeau Earn-In Resource n/a n/a Augmitto The
Slide 26: Current mineral resources
Current mineral resources Indicated Inferred Grade Grade Area Cut-off Tonnage Ounces Area Cut-off Tonnage Ounces g/t g/t 2.00 1,384,700 4.22 188,049 2.00 3,388,500 3.64 396,601 2.50 991,200 5.01 159,770 2.50 2,254,100 4.36 315,725 All 3.00 748,800 5.75 138,456 All 3.00 1,525,300 5.12 251,293 Areas 3
Slide 27: PEA - Base case scenario
PEA - Base case scenario Parameters Results Mineral resources included (Indicated and Inferred) 712,521 tons @ 6.46 g/t Au Mill recovery 91.5% LOM (including 24 months of preproduction) 6 years Daily mine production 440 tpd Gold recovered over the LOM 135,308 oz Gold price (US $) $1,180/oz Exchange
Slide 28: Sensitivity analysis
Sensitivity analysis Parameter Grade Net NPV (5%) IRR1 g/t Au cashflow (M$)1 (M$)1 8.39 66.9 49.0 43% 7.75 47.0 32.7 31% 7.10 27.1 16.5 19% Grade 6.46 7.2 0.2 5% g/t Au 5.81 (12.7) (16.1) -10% 5.16 (32.5) (32.3) -26% 4.52 (52.4) (48.6) -46% Gold price $ CAD Net NPV (5%) IRR1 cashflow (M$)1 (M$)1 His
Slide 29: Custom milling options
adhered Custom milling options ES Barraute @ Parc National d‘Aiguebelle ¢ - Gravity concentration 7 200 Laronde Agnico-Eagle and Leaching Sania) 7 + Sentiencatencl 2200 Pal, ¢ i Mesiwcod) SCOLe Carbon-in-pulp 800 fs ae Tone Camflo Richmont Leaching / Merrill-Crowe 4.200 40 Lac Herbin QMX Flotation a
Slide 30: 2014 metallurgical testing
2014 metallurgical testing § 11.13 g/t Au average grade1,2 § 59.2% recovery by gravity concentration2 § Total recovery of 93-94%2 Free Gold Recovered by Gravity Concentration 1. Sample tested totalled 61 kg and graded 7.26 g/t Au. It consisted of composite core lengths from the main structures of
Slide 31: Cross section 510mE
Cross section 694 510mE Roches|sédimentaires du Grogpe de Cadillac % innovExplo 31 Section 694 510m Est