Slide 1: Focused on Discovery – Corporate Presentation March 2022
FOCUSED ON DISCOVERY CORPORATE TSX-V: MRZ PRESENTATION Sobek Project, Chile OTCPK: MRZLF MARCH 2022
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 ➢ Focused in Chile ➢ Proven track record exploration and Argentina of successful project company generation and ➢ Quality Gold, Silver partnering ➢ Exploration and Copper partnerships and exploration targets ➢ Aggressive self-funded exploration plans drilling TSX-V: MRZ OT
Slide 4: Project Portfolio Overview
Project Portfolio Overview Atacama Puna Program Mirasol-funded projects Atacama Puna Seven partner-funded projects Strong pipeline of early and mid-stage projects Exploration Partners Encantada SpA TSX-V: MRZ OTCPK: MRZLF 4
Slide 5: 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 than 20 years of experience in Director min
Slide 6: Management Team
Management Team Tim Heenan President ▪ Over 30 years of exploration experience in Central and South America ▪ Involved in several high- Carmen Cazares profile projects including the Chief Financial Officer famous Cerro Negro Mining ▪ Chartered Professional Accountant District in Argentina ▪ Broad op
Slide 7: Share Structure and Treasury
Share Structure and Treasury Shares Shares Fully Market Conservative Outstanding Diluted Capitalization Share Structure 54M 58M ~C$30M Cash Shares Well Funded ~C$8.5M ~C$0.6M 6.55M shares of Silver Sands Resources (CSE:SAND) at $0.10 ➢ Insiders Holding: 32% Cash position as at December 31, 2021 TSX-
Slide 8: Project Portfolio – Planned Activities Summary
Project Portfolio – Planned Activities Summary Sobek Detailed reconnaissance program ongoing Sascha Marcelina Potential for new exploration partnership Inca Gold IP geophysical program on Vania prospect Altazor 2,000m drill program expected (partner or self-funded) Libanesa 2,000m drilling to start
Slide 9: Mirasol-Funded Activities
Mirasol-Funded Activities Atacama Puna Altazor Sobek Inca Gold Southern Porphyry Copper Projects Sascha Marcelina TSX-V: MRZ OTCPK: MRZLF 9
Slide 10: Flagship Project – Sobek, Chile
Flagship Project – Sobek, Chile Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 11,120 ha (up from 8,571 ha) ▪ Porphyry Copper / HSE Gold Project ▪ 7 km west of Filo del Sol and 10 km west of Josemaria Ownership ▪ 100% owned ▪ Surface access agreements secured Exploration ▪ Aeroma
Slide 11: Sobek – Exploration Program
Sobek – Exploration Program • High resolution 2,690 line-km helicopter- supported aeromagnetic survey completed by High-Sense Geophysics Limited in Chile → Improved understanding of the structural architecture → Defined multiple highly prospective geophysical magnetic targets → Provide a strong base
Slide 12: Sobek Central – Exploration Program
Sobek Central – Exploration Program Maiden reconnaissance campaign confirmed presence of: • Significant and widespread areas of strong argillic alteration Sobek Central – Looking NE • Volcanic complex hosting rhyodacitic and andesite volcanics flanked to the west by igneous intrusive rocks of diorit
Slide 13: Sobek South – Exploration Program
Sobek South – Exploration Program • Large hypabyssal dacitic dome complex identified • Autobrecciation textures and low temperature silicification and argillized alteration halos on the dome margin • Peripheral areas of the dome are considered Sobek South – Rhyolitic flow dome complex highly prospec
Slide 14: Pipeline Projects – San Juan Porphyry Copper Projects
Pipeline Projects – San Juan Porphyry Copper Projects Projects ▪ San Juan Province, Argentina Overview ▪ Three separate properties representing 10,741 ha ▪ Porphyry Copper prospects ▪ South of Mirasol’s Osiris project (Chile) ▪ High profile projects nearby: ▪ in the north: Altar, Pachon, Pelambres,
Slide 15: Flagship Project – Altazor Gold, Chile
Flagship Project – Altazor Gold, Chile Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 33,300 ha ▪ High sulfidation epithermal (HSE) gold property ▪ 60 km via paved highway south from the village of Socaire ▪ US$3M in expenditures has defined drill-ready targets Altazor Project Ac
Slide 16: Altazor – Exploration Targets
Altazor – Exploration Targets ➢ 4 drill holes targeted based on a combination of geology / Post-mineral cover and flows geochemistry / geophysics / alteration CSAMT survey line ➢ 2 holes to test for HSE and 2 holes for Cu-Au Porphyry potential CSAMT Resistivity Anomaly Max Resistivity Grid Au La Pue
Slide 17: Self-Funded Project – Inca Gold, Chile
Self-Funded Project – Inca Gold, Chile Project ▪ Located on the Paleocene belt of northern Chile Overview ▪ 16,300 ha - Elevation of 2,000 to 3,000m ASL ▪ Year-round access and near infrastructure ▪ 100 km north of Copiapó and 17 km east of Inca del Oro community Ownership ▪ Controlled through an op
Slide 18: Inca Gold – Exploration Program, Vania Prospect
Inca Gold – Exploration Program Vania Prospect Deep Sensing Geochemistry → Compelling porphyry Cu-Au prospect delineated by multi-layered exploration data collected by Newmont prior to the option (DSG) Score agreement with Mirasol • Vania hosts a strong, central Au DSG Multi-Element DSG Anomaly Mult
Slide 19: Sascha Marcelina, Argentina
Sascha Marcelina, Argentina Project ▪ Santa Cruz, Argentina Overview ▪ Low sulfidation epithermal (LSE) gold-silver property ▪ 30,600 ha - Elevation of 800 ASL ▪ 100 km south to Newmont’s Cerro Negro mine Ownership ▪ 24,900 ha owned by Mirasol, 5,700 ha under an option to purchase agreement ▪ Amende
Slide 20: Sascha Marcelina – Pellegrini Breccia Target
Sascha Marcelina – Pellegrini Breccia Target • Precious metal mineralization decreases in intensity and further to the east, outboard and distal to the remaining untested central target • Untested chargeability/resistivity anomaly defined from the recent deep penetrating IP geophysics TSX-V: MRZ OTC
Slide 21: Sascha Marcelina – Untested Exploration Potential
Sascha Marcelina – Untested Exploration Potential • Widespread Au/Ag/Zn/Pb mineralization identified in Mirasol’s drilling • Multiple vectors defined to untested targets remaining • District scale property package • Potential for third party exploration partnership TSX-V: MRZ OTCPK: MRZLF 21 21
Slide 22: Partner-Funded Projects
Partner-Funded Projects Nord Coronación Partner: Encantada SpA Atacama Puna Partner: First Quantum Target: Porphyry Copper + IS Epithermal Target: Porphyry Copper Objective: Discovery Drilling Objective: Discovery Drilling Status: 1,200m completed / Status: Community Consultation Define new drill ta
Slide 23: Option to Joint Venture / Option to Purchase
Option to Joint Venture Option to Purchase Jan 2019: Gorbea - Newcrest 51% 65% 75% 85% NSR royalty May 2020: Virginia – Silver Sands Res. >US$ 19M Exploration Expenditures PEA MRZ 15% FS option US$600k Option Payments (paid) $650k cash MRZ 25% 6.5 years 1 year 2 years 19.9% of the S/O after US$6M in
Slide 24: Partnered Project - Gorbea Gold, Chile
Partnered Project - Gorbea Gold, Chile Project ▪ Mio-Pliocene age mineral belt Overview ▪ High sulfidation epithermal (HSE) gold property ▪ 32,000 ha ▪ 70 km north of Salares Norte, Chile Partner ▪ Newcrest International Pty Ltd. (NCM) Option ▪ NCM exercised initial option in Dec 2020 with US$ 500k
Slide 25: Gorbea: Atlas Prospect – Exploration Results
Gorbea: Atlas Prospect – Exploration Results Last 2 drill holes completed at Atlas restricted potential with: - ATL0012: Limiting upside to the north - ATL0011A: Drilled peripheral to mineralized center → Potential remains to both the east and west to extend the mineralization and explore for higher
Slide 26: Flagship Project – Coronación Copper/Gold, Chile
Flagship Project – Coronación Copper/Gold, Chile Project ▪ Mio-Pliocene age mineral belt, northern Chile Overview ▪ 1,200 ha ▪ Porphyry Copper and HSE gold project ▪ 80 km E of Escondida and 240 km ESE from Antofagasta Partner ▪ First Quantum Minerals Option ▪ Executed in September 2019 Agreement ▪
Slide 27: Rubi Copper, Chile
Rubi Copper, Chile Project ▪ Paleocene age mineral belt, northern Chile Overview ▪ 7,500 ha ▪ Porphyry copper project ▪ Lies at relatively low elevation (1,900 – 2,100m ASL) ▪ Year-round access via well maintained gravel roadways ▪ Adjacent townships with a trained mining workforce, nearby roads, po
Slide 28: Rubi – Exploration Program
Rubi – Exploration Program Multiple indicators of proximity to a potential covered and well mineralized porphyry Cu system: • Occurrence of porphyritic daci-andesite intrusive rocks and hydrothermal brecciation that exhibit strong quartz- sericite (phyllic) alteration overprinting now relict K-felds
Slide 29: Nord Polymetallic Project, Chile
Nord Polymetallic Project, Chile Project ▪ Eocene-Oligocene Copper Porphyry belt of northern Chile Overview ▪ 1,967 ha ▪ Altitude of 3,200 to 3,900m ASL ▪ Polymetallic Intermediate Epithermal and Porphyry prospect Partner ▪ Encantada SpA, an affiliate of Mineria Activa Chile Option ▪ Executed in Sep
Slide 30: Nord Project – Exploration Results
Nord Project – Exploration Results Two targets advanced on Mirasol property Target 3: 1,200m scout drill program completed ▪ Narrow zones of zinc mineralization (sphalerite - pyrrhotite) encountered in the northern holes ▪ Higher temperature (garnet-pyroxene-magnetite) skarn hosting narrow zones of
Slide 31: Virginia Silver, Argentina
Virginia Silver, Argentina Project ▪ Santa Cruz, Argentina Overview ▪ 74,429 ha ▪ Low sulfidation epithermal (LSE) silver vein prospect ▪ 160 km north of Pan American Silver’s Manantial Espejo Mine Partner ▪ Silver Sands Resources Corp. MRZ –Silver Sands Virginia Project Option to ▪ Executed in May
Slide 32: Virginia Project – Exploration Program
Virginia Project – Exploration Program ~9,000m of drilling completed under Option Agreement ~US$2.7M in Exploration Expenditures Highlights from Virginia Main ▪ Confirmed the potential for new well-mineralized structures to expand outside of the current NI 43-101 resource area ▪ Encountered signific
Slide 33: Virginia Project – Santa Rita Prospect
Virginia Project – Santa Rita Prospect LSE style mineralization with both Au and Ag values ▪ Drilling confirmed the structures mapped and sampled on surface extend to depth, providing vectors for deeper drilling ▪ Follow up drilling is planned to further define the vertical and lateral extent and co
Slide 34: Libanesa Gold/Silver Project, Argentina
Libanesa Gold/Silver Project, Argentina Project ▪ Santa Cruz, Argentina Overview ▪ 14,500 ha ▪ Low sulfidation epithermal gold/silver prospect ▪ Located at the NE margin of the Deseado Massif Partner ▪ Golden Arrow Resources Corp. Option ▪ Executed in October 2021 with a six-year term Highlights ▪ I
Slide 35: Homenaje Gold/Silver Project, Argentina
Homenaje Gold/Silver Project, Argentina Project ▪ Santa Cruz, Argentina Overview ▪ 11,056 ha ▪ Low sulfidation epithermal gold/silver prospect ▪ Located at the western margin of the Deseado Massif ▪ 3 km south and southwest from the COSE and Cap Oeste mines operated by Pan American Silver and Patago
Slide 36: Focused on Making the Next Discovery in Chile and Argentina
FOCUSED ON MAKING THE NEXT DISCOVERY IN CHILE AND ARGENTINA BY DEFINING AND DRILL TESTING MULTIPLE QUALITY EXPLORATION PROJECTS THROUGH SELF-FUNDED AND PARTNERED EXPLORATION TSX-V: MRZ OTCPK: MRZLF 36
Slide 37: Contact – TSX.V: MRZ
TSX.V: MRZ OTCPK: MRZLF For Further Information: Tim Heenan, President Jonathan Rosset, VP Corp. Development Tel: (604) 602 9989 Email: contact@mirasolresources.com Website: www.mirasolresources.com TSX-V: MRZ OTCPK: MRZLF Sobek Project, Chile 37