Orex Minerals Inc. · TSXV:REX

Orex Minerals — Beaver Creek 2016

28 slides from Orex Minerals's conference presentation, September 2016

1. Slide 1: Exploring for Silver and Gold in Mexico and Canada

   Exploring for Silver and Gold in Mexico and Canada Beaver Creek 2016 Company Delegates Gary Cope President & CEO Ben Whiting VP of Exploration Steve Cope Corporate Development September 2016 1

2. Slide 2: Forward Looking Statements

   Forward Looking Statements This presentation of Orex Minerals Inc. (the “Company”) contains “forward-looking information” within the meaning of the United States “Private Securities Litigation Reform Act of 1995” and applicable Canadian securities legislation. Statements containing forward-looking i

3. Slide 3: It Takes a Team

   It Takes a Team Gary Cope President & Director Ben Whiting, M.Sc., P.Geo. Vice President Exploration Art Freeze, P.Geo. Director & Technical Advisor Dale Brittliffe, P.Geo. Technical Advisor George Cavey, P.Geo Advisor to Board Photo (left to right): Steve Cope Ben Whiting, Gary Cope, George Cavey,

4. Slide 4: Capital Structure

   Capital Structure Current as of Sept 9, 2016 Share Structure Issued 112,831,379 Warrants (avg. price $0.30) 5,967,500 Avg. Daily Vol. (12 Wks) 184,584 Options (avg. price $0.29) 9,419,000 52-Week High $1.38 Fully Diluted Shares 128,217,879 52-Week Low $0.105 Current Price $1.12 Notable Shareholders

5. Slide 5: Cash and Future Income

   Cash and Future Income Strong Financial Position  Currently CAD$6 Million  Future Payment of US$2 Million in Q2 2017 from Agnico Eagle Mines Ltd.  Orex holds 2% NSR on Barsele Gold deposit, which Agnico Eagle can buy from Orex for US$5 Million 5

6. Slide 6: Project Portfolio

   Project Portfolio 3 Projects and 2 Joint Venture Partners MEXICO – SANDRA ESCOBAR – JV with Silver – Gold – Base Metals MEXICO – CONETO PROJECT - JV with Gold – Silver CANADA – JUMPING JOSEPHINE PROJECT Gold - Copper 6

7. Slide 7: Sandra Escobar Silver-Gold Project

   Sandra Escobar Silver-Gold Project 7

8. Slide 8: Sandra Escobar Silver-Gold Project

   Sandra Escobar Silver-Gold Project Joint Venture in over 6,976 hectares (17,860 acres) of mineral concessions A new Joint-Venture Silver-Gold Project with Canasil Resources Inc. in Tepehuanes, Durango State, Mexico 8

9. Slide 9: Terms of the Sandra Escobar Joint Venture

   Sandra Escobar Silver-Gold Project Terms of the Sandra Escobar Joint Venture (JV announced 15 Sep 2015)  First Option – A right for Orex to earn 55% of Sandra Escobar  $ 500,000 cash payment to Canasil (completed).  Work commitment of $ 2,000,000 over three years  Second Option – A right for Ore

10. Slide 10: Sandra Escobar Phases 1&2 Drill Intercepts

    Sandra Escobar Silver-Gold Project Highlights Phases 1&2 Drill Intercepts Hole From (m) To (m) Core Length (m) True Thickness (m) Ag (g/t) SA-15-001 1.00 62.00 61.00 43.13 359 SA-15-002 1.00 52.00 51.00 45.00 218 SA-15-003 1.00 54.00 53.00 40.60 139 SA-16-005 13.00 59.00 46.00 33.31 186 SA-16-006 13

11. Slide 11: Drill Locations from Phase I, II, and Part of III

    Sandra Escobar Silver-Gold Project Drill Locations from Phase I, II, and Part of III 11

12. Slide 12: Sample Cross Sections

    Sandra Escobar Silver-Gold Project Sample Cross Sections 12

13. Slide 13: 3D View of the Main Zone, Boleras Silver Deposit

    Sandra Escobar Silver Project 3D View of the Main Zone, Boleras Silver Deposit 13

14. Slide 14: Native Silver with Trace Chlorine and Bromine

    Sandra Escobar Silver Project Native Silver with Trace Chlorine and Bromine Silver element spectra and Backscatter Electron Image of a grain of Native Silver (89.7 wt% Ag) 14

15. Slide 15: Examples of Sandra-Escobar Mineralization

    Sandra Escobar Silver-Gold Project Examples of Sandra-Escobar Mineralization 15

16. Slide 16: Permeable Volcaniclastic in Core

    Sandra Escobar Silver-Gold Project Permeable Volcaniclastic in Core 16

17. Slide 17: Southeast – Burro Zone Stockwork

    Sandra Escobar Silver-Gold Project Sandra Escobar Southeast – Burro Zone Stockwork 17

18. Slide 18: XRF Unit in the Field

    Sandra Escobar Silver-Gold Project XRF Unit in the Field 18

19. Slide 19: Coneto Silver-Gold Project

    Coneto Silver-Gold Project 45% ownership of 15,700 hectares (38,800 acres) of mineral concessions Coneto de Comonfort Durango State 19 MEXICO

20. Slide 20: Coneto Silver-Gold Project

    Coneto Silver-Gold Project  In the heart of the “Mexican Silver Trend” which hosts some of world's largest silver deposits:  Fresnillo  Guanajuato  La Pitarrilla  La Preciosa  Real de Angeles  Zacatecas  Located 100 km N of city of Durango, Mexico  Coneto Mining Camp has over 450 years of m

21. Slide 21: Fresnillo PLC Association Agreement Summary

    Coneto Silver-Gold Project Fresnillo PLC Association Agreement Summary Fresnillo PLC Time Frame Exploration Spending Orex Minerals Inc. US $  Year One - Completed $2,000,000 -  Year Two - Completed $2,000,000 -  Year Three - Completed $2,000,000 - Total Exploration Expenditure $6,000,000 - Mining

22. Slide 22: Coneto Select Diamond Drill Intercepts

    Coneto Silver-Gold Project Select Diamond Drill Intercepts Core True From To Au Ag Ag-Eq Hole Vein Length Width (m) (m) (g/t) (g/t) (g/t) (m) (m) CC-10-12 Impulsora 109.40 123.90 14.50 13.65 0.94 48 105 Incl. 116.00 120.90 4.90 4.60 1.60 115 211 CC-10-20 Loma Verde 144.50 148.10 3.60 3.12 0.98 292 3

23. Slide 23: Coneto – Diamond Drill Core: Oxide Mineralization

    Coneto – Diamond Drill Core Oxide Mineralization 23

24. Slide 24: Coneto – Diamond Drill Core: Sulphide Mineralization

    Coneto – Diamond Drill Core Sulphide Mineralization Hole BCO-11 – Sample # 324423 Au = 38.3 g/t – Ag = 4,990 g/t Cu = 1.39 % – Pb = 2.51 % – Zn = 3.51 % 24

25. Slide 25: Coneto Exploration Objectives

    Coneto Silver-Gold Project Exploration Objectives Target size = > 100 million oz of silver equivalent 2010 2012-14 2016 Fresnillo has Phase 5 US$1 completed Phases- Orex Completes million exploration 2 to 4 drilling and Phase 1 5,000m 21 program, includes the total now is at hole program 5,000 metre

26. Slide 26: Jumping Josephine Gold Project

    Jumping Josephine Gold Project 100% ownership of 11,200 hectares (28,700 acres) in the West Kootenay Region, Southwestern BC, Canada  NI 43-101-compliant resource estimate (cut-off of 0.5 g/t Au) that has defined 34,000 ounces of gold indicated (363,000 tonnes grading 2.95 g/t Au) and 30,000 ounces

27. Slide 27: Orex Advantage

    Orex Advantage Orex Summary  Three projects in two strong mining jurisdictions  Two friendly JV partners  Strong cash position  Steady news flow - active drill programs in 2015-16  Management Team Experienced at Delivering Results There is More to be Discovered ! 27

28. Slide 28: Contact Information

    Contact Information Orex Minerals Inc. Suite 1130 - 1055 W. Hastings Street Vancouver, BC Canada V6E 2E9 (604) 687-8566 (604) 687-6365 info@orexminerals.com www.orexminerals.com 28

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