aben resources ltd. investor presentation

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Page 1: Aben Resources Ltd. Investor Presentation

November 20171

Page 2: Aben Resources Ltd. Investor Presentation

Forward Looking Statements

Some of the statements in this document may be deemed to be “forward-looking statements”. Allstatements in this document, other than statements of historical facts, that address events ordevelopments that management of the Company expects, are forward-looking statements.Although reasonable assumptions, such statements are not guarantees of future performance andactual results or developments may differ materially from those in the forward-looking statements.The Company undertakes no obligation to update these forward-looking statements ifmanagement’s beliefs, estimates or opinions, or other factors, should change. Factors that couldcause actual results to differ materially from those in the forward-looking statements, includemarket prices, exploration and development successes, continued availability of capital andfinancing, and general economic, market or business conditions. Please see the public filings ofthe Company at www.sedar.com for further information.

Qualified Person

Cornell McDowell, P. Geo., V.P. of Exploration for Aben is the Qualified Person as defined byNational Instrument 43-101 and has reviewed and approved the technical information in thispresentation.

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Page 3: Aben Resources Ltd. Investor Presentation

Aben Trading Symbols

TSX-Venture Exchange: ABNUS OTC Pink Symbol: ABNAFFrankfurt Exchange: E2L2

Shares Outstanding: 53,248,149 Fully Diluted Shares: 82,278,194 Recent Share Price: CDN $0.17Market Capitalization: CDN $9.1 million

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Page 4: Aben Resources Ltd. Investor Presentation

c• THREE HIGHLY PROSPECTIVE GOLD PROJECTS IN GEOPOLITICALLY FAVOURABLE WESTERN CANADAThe flagship Forrest Kerr Project located in BC’s Golden Triangle region proximal to recent

discoveries made by GT Gold and Colorado ResourcesThe Chico Project located in Saskatchewan which was recently ranked the #1 mining jurisdiction

globally by the Fraser InstituteThe Justin Project located in the Yukon adjacent to Golden Predator’s 3 Aces Project

• SIGNIFICANT HISTORIC WORK HAS BEEN PERFORMED ON ALL PROJECTS INCLUDING HIGH GRADE GOLD IN PREVIOUS DRILLING; ROBUST UPSIDE DISCOVERY POTENTIAL REMAINING

• EXPERIENCED MANAGEMENT TEAM WITH PROVEN TRACK RECORDS OF SUCCESS AND FOCUSED EXPERTISE IN WESTERN CANADA

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Aben’s Investment Highlights

Page 5: Aben Resources Ltd. Investor Presentation

Aben Stock Chart

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Page 6: Aben Resources Ltd. Investor Presentation

Management, Directors and Advisory BoardRonald Netolitzky, M.Sc. Geology: Director, Chairman

Ron Netolitzky serves as Chairman of the Board of Aben Resources. Mr. Netolitzky holds a Bachelor of Science degree from the University ofAlberta and a M.Sc. degree from the University of Calgary, both in geological sciences. He has had an illustrious career in the mining andexploration industry with over 40 years of experience and having been directly associated with three major gold discoveries in Canada thatsubsequently went into production: Eskay Creek, Snip and Brewery Creek. Notably, two of these deposits and mines, Esaky Creek and Snip,are located in the Golden Triangle of British Columbia. In 2006, his Viceroy Exploration was acquired by Yamana Gold Inc. for its Gualcamayogold deposit for $577 million. Mr. Netolitzky has been honored with the Prospector of the Year award from the PDAC, and Developer of theYear award from the BC & Yukon Chamber of Mines. In 2015, he was inducted into the Canadian Mining Hall of Fame.

James G. Pettit: Director, President & CEO

Jim Pettit has been President & CEO and a Director of Aben Resources since November 2002. Mr. Pettit is currently serving on the board ofdirectors of five publicly traded companies and offers over 30 years of experience within the industry specializing in finance, corporategovernance, executive management and compliance. Jim was previously Chairman and CEO of Bayfield Ventures Corp. which was acquiredby New Gold Inc. in 2014.

Timothy Termuende: P.Geo., Director

Tim Termuende serves as a Director of Aben Resources and is a professional geologist with over 30 years experience in the mineralexploration industry and is a Qualified Person as defined by National Instrument 43-101. Since earning his degree in Geological Sciences atthe University of British Columbia in 1987, Mr. Termuende has worked on exploration projects throughout North, Central, and South Americaand has been personally involved in exploration at and around Aben’s flagship project, Forrest Kerr in the Golden Triangle, since the early1990's. He has been continuously active in mineral exploration throughout western Canada since 1976, and currently oversees a broad rangeof ongoing exploration projects located throughout British Columbia, Saskatchewan, the Yukon and the Northwest Territories.

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Page 7: Aben Resources Ltd. Investor Presentation

Cornell McDowell, P.Geo., Vice President of Exploration & Qualified Person

Cornell McDowell is a professional geologist registered in both Alberta and British Columbia and serves as V.P. of Exploration of AbenResources. He has been self-employed as a geological consultant throughout the past decade with both publicly listed and privately heldmineral exploration corporations. Most recently he helped take Gold Reach's Ootsa project from the initial exploration stage through toresource development which ended with the delivery of a positive PEA. He is currently President & CEO of North Sur Resources and serveson the board and audit committee for Manson Creek Resources.

Michael Roberts: Ph.D., P.Geo., Technical Advisory Board

Mike is a professional geologist with over 15 years of experience in mineral exploration and was recently the V.P. of Exploration for KiskaMetals Corporation. As a field geologist for several junior exploration companies and as V.P. for Kiska, Mike has conducted and managedgrassroots to advanced exploration programs for base and breccia metals in North America and Australia, typically in partnerships with majormining companies. Mike is passionate about the mineral potential of B.C., and has been actively involved in exploration programs in theForrest Kerr area since 2005.

Henry Awmack: P.Geo., Technical Advisory Board

Henry has over 30 years of experience in the mining industry. As a co-founder of Equity Engineering Ltd. in 1987, Mr. Awmack has managedall aspects of a geological consulting and contracting firm including project planning and execution, hiring of field crews, geological fieldwork,property examinations and preparation of technical reports. He has worked around the world exploring for a variety of commodities and hasextensive "on the ground" experience in the Forrest Kerr area in B.C. Mr. Awmack holds a B.Sc. (Honours) Applied Science in GeologicalEngineering from the University of British Columbia and is registered as a professional engineer with the Association of ProfessionalEngineers and Geoscientists of British Columbia.

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Management, Directors and Advisory Board

Page 8: Aben Resources Ltd. Investor Presentation

Eskay, Snip, Brewery

Creek

• Ron Netolitzky has been directly associated with three major gold discoveries in Canada that have subsequently been put into production: Two of which are in the Golden Triangle

• Eskay Creek, Snip and Brewery Creek

Producing

Viceroy Exploration

(TSX-V: VYE)

• Mr. Netolitzky was previously Chairman and President of Viceroy Exploration Ltd., which achieved exploration success with its Gualcaymayo gold project in Argentina

• Successfully sold the company to Yamana Gold in 2006 for $577M

Sold

Bayfield Ventures(TSX-V:

BYV)

• Jim Pettit led the Bayfield team that made high grade gold discovery on Bayfield Ventures’ Burns Block in Ontario

• Successfully sold the company to New Gold in 2014Sold

Copper Canyon(TSX-V:

CPY)

• Tim Termuende was previously the President and CEO of Copper Canyon, a copper exploration; the company made a high grade copper discovery in the Golden Triangle

• Successfully sold the company to NovaGold in 2011

Sold

Aben Resources

(TSX-V: ABN)

• A gold exploration company with the goal of making the next high grade discovery in BC’s Golden Triangle where Eskay Creek and Snip are located with experienced management and technical team

Exploring

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Management and Board’s Track Record of Success

Page 9: Aben Resources Ltd. Investor Presentation

• Aben’s flagship gold project totals 23,000 hectares located in a world-class gold district, B.C.’s Golden Triangle

• Acquisition through option agreements of the three properties that make up the Forest Kerr Project

• Significant historic work has been performed across the whole project area including previous drilling that returned high grade gold drill intercepts

• Data compilation study has been performed incorporating all historic data; regional scale approach to exploration and knowledge is now possible

• First season of fieldwork and drilling will include but not be limited to the testing of excellent drill results in historic holes:

Boundary Zone drill hole RG91-16 returned 33.4 g/t Au over 11m Carcass Creek Zone drill hole RG91-21 returned 9.9 g/t Au over

29.3m Boundary and Carcass Creek Zones are 4 km apart Gossan Creek Zone has a large, relatively untested gold in soil

anomaly extending over 3 km 9

Aben’s Forrest Kerr Gold Project – Highlights

Page 10: Aben Resources Ltd. Investor Presentation

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• A stable, geopolitically favourable jurisdiction with an abundance of mining and exploration activities

• This region has hosted significant mineral deposits including: Pretium (Brucejack), Eskay Creek, Snip, Galore Creek, Copper Canyon, SchaftCreek, KSM, Granduc, Red Chris and more

• Recent discoveries have reignited interest in the district including discoveries made at GT Gold’s Tatogga Property (north of Aben’sForrest Kerr Project) as well as at Colorado Resources’ KSM Property (adjacent to the south of Aben’s Forrest Kerr Project)

• Aben’s Forrest Kerr claim package encompasses in excess of 23,000 hectares which consists of a 40 km long north-south belt overlying rocks of the Hazelton and Stuhini Groups, a complex assemblage of volcanic accumulations with intervening sedimentary sequences which are host to significant gold deposits in the Golden Triangle

• Aben can earn a 100% interest over the entire claim group by expending $3,000,000 on exploration by June 2020

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The Golden Triangle Region in NW British Columbia

Page 11: Aben Resources Ltd. Investor Presentation

• Despite the high grade historic drill results from the early 1990’s and 2000’s, limited follow up work has been carried out since then due to high drilling costs / limited accessibility, historic glacier coverage, and a less comprehensive understanding of the geology until recently

• Significant improvements to infrastructure recently have lowered exploration costs and made the project more accessible: Forrest Kerr is now road accessible on both the north and south

portions of the property Northern road, Galore Creek access road, has cut through 9 km of

geology that is very prospective for hosting high grade gold deposits and VMS style gold deposits

AltaGas-owned 250 man camp located on property area Existing power line and power generation (hydroelectric facilities)

located on southern part of property Proposed power line transects northern portion of the property

• In addition, rapid glacial retreats over the past 25 years have exposed extensive new areas of outcrop exposure in this highly prospective region

• Lastly, Aben's technical team has spent over a year analyzing and reinterpreting the historical exploration and geological data with the help of structural geologists to get a better understanding of the existing targets and high grade gold mineralization at the project 11

Forrest Kerr Gold Project – A New Look

Page 12: Aben Resources Ltd. Investor Presentation

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Forrest Kerr Gold Project – Upcoming Catalysts

2016 H1 2017 H2 2017

Completed deals to acquire Forrest Kerr property

Added geologists and technical advisors to Advisory Board with focused expertise in the Golden Triangle

Reinterpretation of target types at Forrest Kerr in light of the significance, size and success of other deposits in the Golden Triangle (e.g. Brucejack)

Closed $1.7M in financings to fund summer 2017 drill program

Commenced summer diamond drill program at Forrest Kerr; test high grade gold zones discovered in previous drilling at Boundary + Carcass Creek Zones

Completed 9 hole drill program with assays and results to follow

Page 13: Aben Resources Ltd. Investor Presentation

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Company Symbol Share Price Sept. 14, 2017

Share Price July 15, 2017

Shares Outstanding (MM)

Market Cap (MM)

Aben Resources ABN $0.225 $0.10 52.9 $11.9

GT Gold Corp GTT $1.85 $0.335 79.3 $146.7

Garibaldi Resources GGI $2.68 $0.165 85.2 $228.3

Eskay Mining ESK $0.22 $0.315 108.7 $23.9

Skeena SKE $0.055 $0.045 644.6 $35.4

Colorado Resources CXO $0.25 $0.25 98.5 $24.6

Romios Gold Resources RG $0.07 $0.055 171.4 $12.0

Jaxon Minerals JAX $0.27 $0.38 65.0 $17.6

Metallis Resources MTS $1.49 $0.19 23.4 $34.9

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Comparable Golden Triangle Area Companies

* CDN prices at September 14th, 2017 *

Page 14: Aben Resources Ltd. Investor Presentation

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2017 Forrest Kerr Exploration Program

Page 15: Aben Resources Ltd. Investor Presentation

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2017 Forrest Kerr Boundary Zone Exploration

Page 16: Aben Resources Ltd. Investor Presentation

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2017 Forrest Kerr Soil Sampling Exploration

Page 17: Aben Resources Ltd. Investor Presentation

• Aben has option to earn up to 80% of Chico Gold Project 125 kilometres east of La Ronge, Saskatchewan and 40 kilometres south of Silver Standard Resources' Seabee/Santoy mine complex; workable all year round

• Seabee/Santoy achieved highest annual gold production in 26 year history in 2016 @ 77,640 ounces from feed averaging 7.91 g/t Au

• Silver Standard acquired Seabee/Santoy through its acquisition of Claude Resources in May 2016 with deal valued at $337 million

• Chico project has the same structural features as Seabee and Santoy deposits and Chico trend extends over 1.5 km:

Shear hosted gold bearing quartz veining in secondary splays Multi-episodic tension gash, ribbon and sheeted quartz vein

arrays Gabbro and granite host rocks Positive gold, copper and silver geochemical associations Potassic, carbonate, hematite, calc-silicate and silica alteration

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Chico Gold Project – Highlights

Page 18: Aben Resources Ltd. Investor Presentation

• Significant, shallow gold intercepts in all historic holes drilled including: 0.424 oz/ton Au over 0.4m at Chico showing 0.281 oz/ton Au over 2.0m at Royex

• Over 100 samples from Chico have graded > 500 ppb Au in eight trenched areas; historic and 2016 soil samples consistently anomalous along Chico trend with up to 4,523 ppb Au

• Completed IP Geophysical surveys to help refine identify additional targets

• Project is drill ready and drilling permits have been obtained for potential winter 2018 drill program: Drill along strike and to depth near previous high grade drill

intercepts Drill test soil/rock geochemical anomalies and intersecting

mineralized vectors Follow up on 2016 geochemical anomalies in context of new

structural interpretation and geophysical data 1815

Chico Gold Project – Previous Exploration and Future Plans

Page 19: Aben Resources Ltd. Investor Presentation

Chico 2016 Airborne Geophysics

• Effective in delineating diorite/gabbro lithology

Total Magnetics Vertical Gradient Magnetics

Page 20: Aben Resources Ltd. Investor Presentation

Chico / Seabee / Santoy Similarities

• Shear hosted gold bearing quartz veining in secondary splays

• Multi-episodic tension gash, ribbon and sheeted quartz vein arrays

• Gabbro and granite host rocks

• Positive gold, copper and silver geochemical associations

• Potassic, carbonate, hematite, calc-silicate and silica alteration

Page 21: Aben Resources Ltd. Investor Presentation

Future Work at Chico

• Project is drill ready – drilling permits have been obtained– Along strike and to depth near previous high

grade intercepts– Soil/rock geochemical anomalies– intersecting mineralized vectors

• IP Geophysical surveys to help refine identify additional targets

• Follow up 2016 geochemical anomalies in context of new structural interpretation and geophysical data

• Continued prospecting, geochemical surveys and mapping

Page 22: Aben Resources Ltd. Investor Presentation

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• Aben owns a 100% interest in the 18,314 acre Justin Gold Project in southeast Yukon adjacent to Golden Predator’s 3 Aces project

• The property has the potential to host both high-grade and bulk-tonnage gold zones within three different styles of mineralization: epithermal, skarn and sediment-hosted

• Wide spread mineralization across property in a NNW trending anomaly measuring 3.5 km long and 0.5 km wide encompassing the Confluence, Main, Kangas, and POW Zones

• Previous drilling encountered gold mineralization in holes drilled on the POW Zone; discovery of a greenfields Intrusive Related Gold System (IRGS) in 2011 drilling

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Justin Gold Project, Yukon Territory

Page 23: Aben Resources Ltd. Investor Presentation

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• Both phases of mineralization display geochemical affinity to an Intrusion Related Gold System and indicates that the mineralizing system was long-lived; notable IRGS deposits within Tintina Gold Belt include Kinross' Fort Knox operation in Alaska and Victoria Gold’s Eagle Gold Deposit

• A total of 4,014 metres was drilled in 19 holes during the 2011 & 2012 field seasons with 10 drill holes successfully intersecting gold mineralization

• Significant drill results include hole JN11009 with 2.47 g/t Au over 21m within 60m of 1.19 g/t Au, and hole JN12011 with 46.4m of 1.49 g/t Au

• The POW Zone exhibits strong continuity of mineralization and remains open in all directions

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Justin Gold Project – POW Zone Discovery

Kangas Zone Discovery:

Hole JN11003 - 7320 g/t Ag, 1.1 g/t Au, 3.52% Cu over 1.07m*

* Poor sample recovery but still significant result

POW Zone Discovery:

Hole JN11009 – 2.47 g/t Au over 21m within 60m of 1.19 g/t Au

Hole JN11010 – 2.7 g/t Au and 29 g/t Ag over 11.3m

POW Zone open in all directions

• Multi-phase precious metal mineralization has been discovered in the POW Zone: contact metamorphic skarn (massive replacement style mineralization) and structurally controlled stockwork vein hosted mineralization

Page 24: Aben Resources Ltd. Investor Presentation

CONTACT INFO.

Jim Pettit: President & CEODon Myers: Director, Investor Relations

Suite 1610, 777 Dunsmuir StreetVancouver, BC, V7Y 1K4, CANADA

Tel: (604) 687-3376 Fax: (604) 687-3119Toll Free: 1-800-567-8181

Web Site: www.abenresources.comEmail: [email protected]

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