Stephen Nano President & CEO

Corporate Update July 2017

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, thataddress future operations, resource potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward lookingstatements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans” “anticipates”,“believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Informationinferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutesa prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and explorationsuccesses, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statementsare based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as may be required by applicable law.

This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadian securities regulations(under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), however the US Securities and Exchange Commission does not recognize this term. Investorsare cautioned not to assume that any part of or all of the mineral deposits in these categories will ever be converted into reserves.

Stephen Nano, President and CEO for the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technicalinformation in this presentation.

MIRASOL RESOURCES

Commodity Strategy

25 years of Gold and Copper Discoveries

4

Major Copper Discoveries by Country, 1990-2016

Major Gold Discoveries by Country, 1990-2015 Gold discovery by company type

Copper discovery by company type Type of discoveries

Type of discoveries

40%

Mirasol is operating in world class terrain – 40% of copper discoveries

Mirasol is operating in world class terrain – 7% of gold discoveries

5

Macro Supply/ Demand Drivers for the Project Generation Model

Gold space - Key factors:• Exploration spend falling from 2012 to 2016• Discovery rate has been falling for a decade• Approx. 60m oz annual shortfall production vs. discovery

• Yet, the trend in gold and silver prices has been improving

Decade long decline in Gold discovery rates

+4 Years of Steep Decline in Exploration

Copper - Key factors:• Increasing use of copper• Global decreasing reserves and grades• Falling discovery rates • Longer lead times for development of new discoveries • Copper prices remains low but are improving

Mirasol is seeing an increased demand for our projects

A strong driver for our project generation business

Decade long decline in Copper discovery rates

Strategies for Copper Reserves Replacement: The Costs of Finding and Acquiring Copper, SNL Metals & Mining 2017

+4 Years of Steep Decline

An improving investment climate in Argentina

Exploration budgets and drilling activity have been raising since 2016

A new mining law passed in June 2017 to attract investments in the sector - congress approval pending

A number of transactions in 2017 with some new entrants in the country:

• OceanaGold first deal in Argentina with Mirasol

• Shandong Gold acquisition of 50% of the Veladero Mine from Barrick

• Pan American acquisition of COSE project, Joaquin project and tailing agreement on the Martha project

Exploration and mining investments are gaining momentum in Argentina

Increasing demand for our projects in the region and a catalyst for further deal making

Source: SNL Metal and Mining

Corporate Overview

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CANADA US GDXJ MRZ

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Mirasol Resources: in Summary

GDXJ % Change

• Project generator focused on gold, silver and copper discovery in Chile and Argentina

• Well funded CA $22 M cash (June 30, 2017)

• Conservative capital structure • 49 M shares outstanding• 3 M Stock options outstanding

• Aligned interest with +30% insider position

• Leading edge technology and discovery team

• Active JVs – strong partners, strong projects, strong deals

• Large portfolio of drill ready projects

• New large pipeline of early stage projects in Chilean / Argentine world-class mineral belts

Positioned to maximize value creation for shareholders

Management34%

Institutional Investors 28%

Retail 38%Mirasol %

Change

9

Leveraging the JV Business Model for Discovery

JV Partner funded 6,000 metres drilling minimum to December 2017

Anticipated exploration spending of C$ 3M to December 2017

Focusing resources to increase JV drilling accelerating the path to discovery

Project PipelineTargeting giant gold-silver-copper discoveries

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Project Generation: Focus / Pedigree / Capability

Atacama – Puna: ~ 220,000 ha in 32 Mirasol projects

Santa Cruz: ~ 375,000 ha in 13 Mirasol projects

• World class mineral belts

• Compatible with Mirasol’s technology driven generative expertize

• High Calibre exploration teams with decades of successful

experience in these geological environments

• Countercyclical approach to generative exploration delivered an

extensive portfolio of quality Gold - Silver - Copper projects

2 Option Agreements in place:

• Gorbea JV – Yamana Gold

• La Curva JV - OceanaGold

Emphasis on new JV deals to accelerate drill testing

ATACAMA PUNA GENERATIVE REGION

SANTA CRUZ GENERATIVE REGION

Approximate contained metal reserves & resources

World Class Gold + Silver + Copper belts

Our Focus:

• Paleocene Belt

High grade gold - silver

• Eocene-Oligocene

Giant porphyry Copper

• Mio-Pliocene

Giant Oxide Gold

JV Partner search in progress

• Altazor – Gold

• Rubi - Copper

• Odin – Copper

• Indra – Gold / Silver

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Atacama-Puna: Belt Overview and Deposit / Commodity Focus

Taltal

Antofagasta

Taltal

Antofagasta

Copiapo

Copiapo

El Indio Belt Au/Ag

Alturas6.8 Moz Au

Salares Norte3.3 Moz Au &42.1 Moz Ag

Argentina

Chile

Argentina

Chile

Argentina

Chile

100km 100km 100kmRelinchoCu

El PenonAu/Ag

El Salvador ClusterCu

EscondidaClusterCu

ChuquicamataClusterCu

CentinelaClusterCu

Copiapo

Oligocene AgeMagmatic CentresMRZ JV Project Copper Deposit

Paleocene AgeMagmatic Centres

Miocene AgeMagmatic CentresGold Deposit

Spence Cu

Inca de OroCu/Au

Mio-Pliocene Au-Ag PortfolioPaleocene Au–Ag Portfolio

Maricunga Belt Au/Ag

El TenienteCu

PelambresClusterCu/Au

Santiago

Los BroncesCu

El GuanacoAu/Ag Vicuna District

Au/Ag

Taca TacaCu

Legend

MRZ Project

Paleocene Oligocene Cu Portfolio

Pascua;Veladero

La Coipa

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Project Generation: Santa Cruz Argentina High Grade Gold + Silver

Cap-OestePatagonia Gold

JoaquinPan American Silver

Cerro VanguardiaAngloGold/

Fomicruz

Manantial EspejoPan American Silver

Gobernador

Gregores

San Jorge

Oilfield

Fitzroy

Puerto

Deseado

Las CalandriasMariana Resources

Cerro MoroYamana Gold

Cerro NegroGoldcorp

San JoseHochschild/McEwen Mining

MarthaHunt Mining

40

43

3

281

La Curva

OceanaGold JV

Don NicolasMinera DonNicolas SA

COSEPan AmericanSilver

50 km

Au/Ag Mine/Resource

MRZ JV Project

Ag Mine/Resource

Major Road

Other Road

Legend

Gold Occurrence

Silver Occurrence MRZ Project

Perito

Merino

Mirasol discovery successes in Santa Cruz:

• Discovery and sale of Joaquin Deposit• Discovery of Virginia Silver Deposit

La Curva: OceanaGold JV in place with drill commitment in Sept/Oct 2017

A positive investment environment in the region and demand for our project is increasing

6 additional JV ready gold and silver projects

New high grade silver-gold prospect at Nico

Aggressive pursuing new potential partners for drill testing:

• Claudia – gold-silver• Nico – silver-gold• Virginia - silver

Large portfolio of quality JV ready projectsGold / Silver / Copper

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• Atlas Au-Ag

• Titan Au-Ag

• Curva Au-Ag

• Odin Cu

• Rubi Cu

• Altazor Au

• Indra Au-Ag

• Claudia Au-Ag

• Virginia Ag

• Brahma Au-Ag

• Nico Au-Ag

• Libanesa Ag

• Morito Au-Ag

• Sascha Au-Ag

• Homenaje Au-Ag

Large Drill Ready Portfolio Focused on new JV deals

Existing Joint Ventures

Gorbea - Yamana Gold JV

La Curva - OceanaGold JV

6,000m of JV funded drilling to Dec. 2017

Minimum exploration spend of C$ 3.0M

Focused JV Partner Search in

Progress

JV Ready Projects

+ A large portfolio of Pipeline Projects

Mirasol Project Portfolio – Drill Ready Projects Chile and Argentina

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• Multiple large scale porphyry copper drill targets identified by Mirasol

• Adjacent to world-class copper mining districts of Potrerillos and El Salvador

Atacama – Puna: Rubi 3 Porphyry Copper-Moly-Gold Targets

17

5,000m

Gravel Cover

Gravel Cover

Gravel Cover

LithocapProspect

PortezueloProspect

UntestedAlterationAnomaly

UntestedAlterationAnomaly

UntestedAlterationAnomaly

Zafiro Prospect

Rubi Project 26,040 ha

3 principal high priority prospect target areas remain largely untested by electrical geophysics and drilling:

➢ Lithocap – 3.5 km x 2 km area centered on a large, deeply weathered, advanced argillic alteration zone, surrounded by thin gravel cover

➢ Zafiro – 2.8 km x 2.2 km gravel covered area characterized by a subtle circular magnetic high surrounded by an incomplete, doughnut-shaped magnetic low

➢ Portezuelo – 4.5 km x 2.7 km target area characterized by relatively thin gravel cover and intermittent outcropping

Evidence for multiple porphyry centres that merit reconnaissance and detailed follow-up

JV partner search in progress

Atacama – Puna: Rubi 3 Porphyry Copper-Moly-Gold Targets

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• Located on world class ChileanPorphyry copper belt

• Increased claims holding to 5,660 ha of prolific copper belt

• key operational advantages in infrastructure and access

• 35 km North from giant La EscondidaPorphyry cluster

Atacama – Puna: Odin Conceptual Porphyry Copper Target

19

• Mirasol application of integrated leading edge explorationtechnologies

• Metal and alteration vectors outline exploration model for large scale conceptual covered porphyry copper target

Hypogene Jarosite ±Pyrophyllite ±

Diaspore± Alunite

Odin Property Boundary

500 metres

Peripheral Cu Mineralization,

Trench Cu grade vector

ConceptualPorphyry

Target

Lim

it o

f p

lR-S

pec

& P

XR

F Sa

mp

ling

Alteration Mineral Temperature Vector

ParagoniteMuscoviteIllitic-

MuscoviteIllite-

Phengite

Lim

it o

f p

lR-S

pec

& P

XR

F Sa

mp

ling

Zone of hypogene Jarosite ± Pyrophyllite ± Diaspore± Alunite

Trench Channel - Assays (Cu ppm)

1500 to 8,050

500 to 1500

100 to 500

50 to 100

25 to 50

15 to 25

5 to 15

Historic drill hole & drill direction

plR-Spec & PXRF data point

Odin 3D Model

Odin cross section

Dipping altered cap rock

Conceptual concealed porphyrycopper target

W

E

Phyllic (paragonitic-sericite) altered cap rock with localized advanced argillic alteration

(±jarosite/pyrophyllite/diaspore/alunite)

Dominate IronOxide transition

Exciting new copper project

JV partner search in progress

Atacama – Puna: Odin Conceptual Porphyry Copper Target

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• Santa Cruz precious metal target with high grade sampling over 4km trend

• Favourably located at modest elevation

• Traversed by a well-maintained provincial gravel road

• Within trucking distance to nearby mines

Santa Cruz: Nico Project New High Grade Silver – Gold Aurora Prospect

21

• Multiple mineralized vein-breccia zones

• Bonanza grade in rock chip assays with max values of 35.09 g/t Au and 2,095.9 g/t Ag

• Intermediate SulfidationEpithermal target

Exciting new prospect

JV partner search in progress

Santa Cruz: Nico Project New High Grade Silver – Gold Aurora Prospect

Projects under JV

Strong deal terms with a major producer:• Option to acquire 75% over 7 years• 51% for US$ 10 M in exploration and US$ 2 M in cash payments over 4 years• Mirasol to retain 25% if carried to production• Mirasol can convert 9% equity position into a 3% NSR

Strong deal terms targeting large stand alone gold discovery

• 2016 season Atlas drilling confirmed large, deeply oxidized high sulphidation epithermal system of the style that has produced bulk minable gold – silver deposits in this mineral belt

• Best results to date include 40 m at 1.38 g/t Au and 17.9 g/t Ag including 28 m at 1.82 g/t Au and 22.0 g/t Ag

• Intersections are deep but up dip potential for near surface mineralization is untested

2nd drill campaign results are pending

3rd drill campaign expected to start in October 2017 with +3,000 meters planned 23

Gorbea – Yamana JV - Atlas Gold Silver Mio-Pliocene Belt Chile

JV in numbers:• JV drilling to date: 8,700 meters• US$400k payment received in May 2017

shows continued commitment• Total option payments to date: CA$ 750,000• Spending since inception: CA$ 5.7m

La Curva - OceanaGold JV – Gold Silver Santa Cruz Argentina

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Cerro Chato Prospect New option agreement in place: Strong deal with strong partner• Minimum 3,000 meters drill 1st year and minimum US$1.25 M in

exploration• Option to acquire 70% over 8 years• 51% for US$ 7 M in exploration and US$ 1.5 M in cash payments• Mirasol to retain 25% if carried to production

3 high caliber drill targets ready to test with additional targets at Curva West

New gold results from Cerro Chato prospect

Drill permitting in place

Drilling targeted for Sept/Oct 2017

25

Mirasol Resources Looking Ahead – News Flow

• Drilling completed for 1st half of 2017 and results pending at Gorbea – Yamana JV Atlas project

• Drilling planned to restart in October at Atlas – Titan with +3,000m targeting giant HSE gold deposit

• Drilling planned for late September at La Curva – targeting high grade gold and silver deposit

• Generative exploration work from Mirasol at Nico and at our new copper and gold pipeline projects

• Pursuing new deals on large package of JV ready projects in the Atacama – Puna and Santa Cruz regions

• Altazor gold• Rubi copper• Odin copper• Claudia gold-silver

News flow to be expected from both exploration results and from our deal making initiatives

Mirasol Resources - Summary

Demonstrated track record → Discovery to liquidity event

Conservative share structure with 49 million shares issued

Well funded: CAD $22 million

Strong joint ventures, drill testing large precious metal projects Gorbea / La Curva

Focused on business development to deliver new deals on gold, silver and copper projects

New quality projects in the pipeline generated by an aggressive countercyclical project generation program

POSITIONED TO DELIVER SHAREHOLDER VALUE CREATION THROUGH DISCOVERIES

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