Slide 1: Focused on Discovery
FOCUSED ON DISCOVERY TSX-V: MRZ PDAC Sobek Project, Chile OTC: MRZLF March 2023
Slide 2: Cautionary Statement
MIRASOL RESOURCES Cautionary Statement This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address future operations, resource potential, exploration drilling, exploitation
Slide 3: Company Overview
Company Overview Leading exploration company Quality copper, gold and silver Well-funded exploration and JV with a track record of success exploration projects partnerships $60 million liquidity event in 2012 Focused on highly-prospective Currently prepping for drilling at 2 from the dis
Slide 4: Share Structure and Treasury
Share Structure and Treasury Shares Shares Fully Market Conservative Outstanding Diluted Capitalization Share Structure 59M 64M ~C$42M Cash Shares Well ~C$0.21M Funded ~C$6.0M 10.4M shares of Silver Sands Resources (CSE:SAND) at $0.04 Insiders Holding: 32% Cash position as at end of quarter Decemb
Slide 5: Flagship Self-Funded & Active Projects
Flagship Self-Funded & Active Projects Atacama Puna Region Inca Gold - Vania Altazor Gorbea Sobek San Juan Porphyry Copper Projects Tefnut Virginia Silver Deposit Self-funded Partner funded Pipeline project 5
Slide 6: SOBEK – Staking Rational (2016)
SOBEK – Staking Rational (2016) MARICUNGA Sobek North BELT Trans-Andean Suture Trans-Andean Suture Sobek Sur (2016) 6
Slide 7: Exciting 2022/23 Exploration Season
Exciting 2022/23 Exploration Season Sobek - Copper-Gold Atacama Puna Region Coincident geochemical and airborne Inca - Vania magnetic anomalies Multi-percent copper in grab samples Sobek Exploration is actively underway Advance to drilling Q1/Q2 2023 • S Inca - Copper-Gold Compelling IP ge
Slide 8: Vicuña District - Giant Copper-Gold District
Vicuña District - Giant Copper-Gold District Located in the globally recognized Vicuña copper-gold district 7 km west of Filo del Sol with Josemaria to the east and Los Helados to the north Sobek North Mio-Pliocene age mineral belt, northern Potro Cliffs Chile 11,120 ha, 100% owned 7 km Sobe
Slide 9: Sobek - 2021/22 Maiden Exploration Campaign
Sobek - 2021/22 Maiden Exploration Campaign Airborne Magnetics: • Property wide High resolution 2,690 line-km helicopter-supported aeromagnetic survey completed by New-Sense Geophysics Ltd, Chile. Improved understanding of the local structural architecture Defined multiple highly prospective geo
Slide 10: Sobek Central - Prospects
Sobek Central - Prospects Filo Del Sol Sobek Central – Looking NE Sobek Central - Looking to SE Anomalous Gold in Select Rock Samples from the VN Zone The initial reconnaissance campaign confirmed presence of a series of interesting mineralization and alteration. TSX-V: MRZ OTC: MRZLF 10
Slide 11: Sobek Central - 2021/22 Exploration Results
Sobek Central - 2021/22 Exploration Results High-grade Cu-mineralization – Green Wall Zone Gypsum stockworks-CLP Zone TSX-V: MRZ OTC: MRZLF 11
Slide 12: Sobek Central - 2021/22 Exploration Results
Sobek Central - 2021/22 Exploration Results Green Wall Zone Note: Significant assay results from select rock chip grab and float samples collected from the exposed dyke structure. CLP-Zone CLP Zone – Looking SE TSX-V: MRZ OTC: MRZLF Note: Significant assay results from select rock chip grab and floa
Slide 13: Sobek Central & North - Stream Sediment Anomalies (BLEG)
Sobek Central & North - Stream Sediment Anomalies (BLEG) TSX-V: MRZ OTC: MRZLF 13
Slide 14: Sobek Central & North - Stream Sediment Anomalies (-80#)
Sobek Central & North - Stream Sediment Anomalies (-80#) TSX-V: MRZ OTC: MRZLF 14
Slide 15: Sobek South – Rhyodacitic Dome Complex Gold Anomalies
Sobek South – Rhyodacitic Dome Complex –Stream Sediment Gold Anomalies • Coincident BLEG/Mesh gold anomaly (+silver) in the southern most part of the Sobek South property. Dome Dome • Could be coming from Complex Complex the southern alteration along dome margin, or from the strong alteration seen o
Slide 16: Sobek - 2022/23 Planned Exploration & Drill Campaign
Sobek - 2022/23 Planned Exploration & Drill Campaign 2022 Exploration continues at a fast pace: Strong relationship with local communities Trailer camp operational, low altitude, 2100m ASL, 40 minutes to center of project Crews actively exploring our entire package 2023 This seasons plans incl
Slide 17: Inca - Flagship Project - Copper-Gold - Chile
Inca - Flagship Project - Copper-Gold - Chile Atacama Puna Region • S Self-funded Partner funded TSX-V: MRZ OTC: MRZLF Pipeline project 17
Slide 18: Inca - New Targets Identified
Inca - New Targets Identified Chuquicamata Paleocene belt of northern Chile Inca Gold - Large 16,300 ha property Vania Earn-in option agreement with Newmont Santo Domingo Porphyry Copper/IOCG/HSE Gold potential Lower elevation (2,000-3,000m Vania ASL) Year-round access, mature close- by
Slide 19: Inca - Vania North – Drill Ready
Inca - Vania North – Drill Ready Coincident ground Mag, IP, with gold and geochemical pathfinder anomalies Vania North Interpreted Structures Vania North Prospect Compelling conceptual porphyry Au-Cu prospect delineated by multi-layered exploration data collected by Newmont prior to the option agr
Slide 20: Inca - Vania North – Drill Ready
Inca - Vania North – Drill Ready Electrical IP Pole-Dipole survey detected coincident IP anomalies TSX-V: MRZ OTC: MRZLF 20
Slide 21: Inca - Vania South - NEW Drill Target
Inca - Vania South - NEW Drill Target Reprocessed Magnetic Data Identifies Compelling New Prospect Vania South Vania North Vania North Magnetic source and surrounding smooth textures and clearly evident on this image. TMI (Vertical Integral) Low field intensities (Blue Vania South Vania South sh
Slide 22: Inca - Vania South - NEW Drill Target
Inca - Vania South - NEW Drill Target Grab sample results confirm mineralization Geochemical DSG survey completed to finalize drill targets IP Surveys completed over Vania North and Vania South Areas of interest, east of Mag target Chargeability Anomaly TSX-V: MRZ OTC: MRZLF 22
Slide 23: Inca - Vania South - NEW Drill Target
Inca - Vania South - NEW Drill Target Electrical IP Pole-Dipole survey detected coincident IP anomalies PDP Line 1100 Resistivity PDP Line 1100 Chargeability Target Zone “A” Target Zone “A” Target Zone “C” Appearance of structural complexity (west) and perhaps resistive leached cap (east), is eviden
Slide 24: Inca - Vania South - NEW Drill Target
Inca - Vania South - NEW Drill Target Electrical IP Pole-Dipole survey detected coincident IP anomalies PDP Line 800 Resistivity Resistivity PDP Line 800 Chargeability Target Zone “B” Target Zone “B” Target Zone “C” Target Zone “C” A sedimentary breccia was mapped between 1300E and 1500E, a short di
Slide 25: Inca - Vania South - NEW Drill Target
Inca - Vania South - NEW Drill Target Electrical IP Pole-Dipole survey detected coincident IP anomalies PDP Line 500 PDP Line 500 Resistivity Chargeability Target Zone B Target Zone “C” Target Zone B Target Zone “C” Note: Interpretation of composite of PDP Line 500N with topography and magnetic inte
Slide 26: Inca - Vania South - New Mirasol 50m Pole-Dipole Line
Inca - Vania South - New Mirasol 50m Pole-Dipole Line Resistivity Line 675N lacks adequate depth of investigation to test for a porphyry target, but the shorter (50 m) dipoles are capable of resolving structures better than the long- dipole PDP lines. The line was situated to cross the mapped sedime
Slide 27: Inca - 2022/23 Exploration & Drill Campaign
Inca - 2022/23 Exploration & Drill Campaign Exploration completed to date: Detailed IP geophysical survey complete Soil (DSG) and rock chip sampling complete Surface follow-up of anomalies Plans include: Integrate results from sampling Field follow-up on pending results Prioritize drill
Slide 28: Upcoming Catalysts
Upcoming Catalysts Drilling Sobek Q2 2023 Sobek detailed geophysics results Drilling Inca Q1 2023 Soil (DSG) sampling and recent rockchip sample results from Inca TSX-V: MRZ OTC: MRZLF 28
Slide 29: Highlight Project - Virginia - Silver, Argentina
Highlight Project - Virginia - Silver, Argentina Project Santa Cruz, Argentina Overview 74,429 ha Low to Intermediate sulfidation epithermal (LSE/ISE) silver vein prospect 160 km north of Pan American Silver’s Manantial Espejo Mine Virginia Silver Deposit Exploration ~10,000m of drilling c
Slide 30: Highlight Project - Virginia Deposit – Exploration
Highlight Project - Virginia Deposit – Exploration 1,500m Phase IV program to PA-DDH-001: 2.95m @ 96 g/t Ag incl 0.35m @ 163 g/t Ag, & 1.45m @ 120 g/t Ag incl 0.5m @ 198 g/t Ag follow up on key prospective areas Highlights from Virginia Main Confirmed the potential for new well-mineralized structu
Slide 31: Margarita Vein Trend Long Section with Interpreted Composite Grade Shells
Margarita Vein Trend Long Section with Interpreted Composite Grade Shells (Ag cut-off grade 63 g/t) N : 10 x 10 x 10m Blocks Mapped Vein Margarita Vein MR-DDH-002 Rock Chip Sample Ag ppm Northwes SouthEas 100 t t 63 Open Open Target Target 30 MR-DDH- MR-DDH- MR-DDH-001 005 MR-DDH-003 004 MR-DDH- Pla
Slide 32: Ely North and Ely Central Vein Trends Long Section
Ely North and Ely Central Vein Trends Long Section with Interpreted Composite Grade Shells (Ag cut-off grade 63 g/t) Rock Chip Sample N Ely North Vein Ely Central Vein Ely South Vein Mapped Vein Ag ppm EC-DDH-008 EC-DDH-011 EC-DDH-012 EC-DDH- VG-183 EC-DDH-010 100 EN-DDH-006 002 63 30 Ely North “Sou
Slide 33: Ely North and Ely Central Vein Trends Drill Results over Gradient IP Survey
Ely North and Ely Central Vein Trends Drill Results over Gradient IP Survey Ely Central & North Vein Area Rock & Trench Sampling Ag- EN-DDH-006: Gradient IP 5.65m @ 144 g/t Ag incl 0.6m @ 418 g/t Ag VG-087: 9m @ 38 g/t Ag EN-DDH-006 VG-163: 17m @ 52 g/t Ag VG-105: 51m @ 93 g/t Ag, incl 26m @ 115 g/t
Slide 34: Martina Vein Trend Long Section with Interpreted Composite Grade Shells
Martina Vein Trend Long Section with Interpreted Composite Grade Shells (Ag cut-off grade 63 g/t) N VG-122 MSE-DDH-004 VG-124 VG- VG- 089A MC-DDH- VG-121 VG- 094A MSE-DDH-003 VG-125 VG-123 119A 001A MNW-DDH- VG-093 VG-092 MNW-DDH- 006 001 MC-DDH-002 MSE-DDH-001 Ag ppm MNW-DDH- MNW-DDH- 005A MSE-DDH-
Slide 35: Project Portfolio Overview
Project Portfolio Overview Atacama Puna Program Two Mirasol-funded projects Atacama Puna Region Three partner-funded projects Inca - Strong pipeline of early and mid-stage Vania projects Sobek Exploration Partners: • S Self-funded Partner funded TSX-V: MRZ OTC: MRZLF Pipeline project 35
Slide 36: Project Portfolio – Activities Summary
Project Portfolio – Activities Summary Sobek Detailed reconnaissance & sampling program completed Drilling in Q1/Q2’23 Inca Gold New drill targets identified - Induced Polarity (IP) Survey mobilized Drilling in Q1/Q2’23 Virginia Regained 100% Interest in the High-Grade Silver Deposit Underexplored p
Slide 37: Partner-Funded Projects
Partner-Funded Projects Atacama Puna Option to Joint Venture Region Coronación Sept 2019: Coronación - FQM 80% Partner: First Quantum Target: Porphyry Copper 3,000m + MRZ 20% Geophysics 10,000m of Drilling and Delivery of a PFS Objective: Discovery Drilling Committed US$875k Option Payments (US$175k
Slide 38: Board of Directors
Board of Directors Patrick Evans Executive Chair Appointed to the board in 2016 Over 20 years of senior Diane Nicolson management experience in Director various public mining companies B.Sc. in Geology and a PhD in Economic Geology Nick DeMare Over 20 years of experience in mineral Director
Slide 39: Management Team
Management Team Tim Heenan President Over 30 years of exploration & operating experience in Central and South America Involved in several high-profile projects including the famous Carmen Cazares Cerro Negro Mining District in Chief Financial Officer Argentina Chartered Professional Accountant
Slide 40: For Further Information
TSX.V: MRZ OTC: MRZLF For Further Information: Tim Heenan, President Troy Shultz, VP Investor Relations Tel: (604) 602 9989 Email: troy.shultz@mirasolresources.com Website: mirasolresources.com TSX-V: MRZ OTC: MRZLF Sobek Project, Chile 40