UNLOCKING VALUEIN ARGENTINA

CORPORATE PRESENTATION – MARCH 2018

Disclaimers

2

This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.

This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of AbraPlata, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever.

AbraPlata Resource Corp is the Resulting Issuer from the merger of Huayra Minerals Corporation and Angel Bioventures Inc. The information in this presentation includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. To the extent permitted by law, AbraPlata accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Potential investors should make their own enquiries in relation to any investment decisions.

Cautionary Note to United States Readers Concerning Mineral Resources and Reserves: The standards employed in estimating the mineral resources referenced in this document differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”) and the resource information reported may not be comparable to similar information reported by United States companies. The term “resources” does not equate to “reserves” and normally may not be included in documents filed with the SEC. “Resources” are sometimes referred to as “mineralization” or “mineral deposits.” While the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the SEC.

The estimation of measured, indicated and inferred mineral resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. United States readers are cautioned (i) not to assume that measured or indicated resources will be converted into reserves and (ii) not to assume that estimates of inferred mineral resources exist, are economically or legally minable, or will be upgraded into measured or indicated mineral resources. It cannot be assumed that Tinka will identify any viable mineral resources on its properties or that any mineral reserves, if any, can be recovered profitably, if at all.

The terms “mineral reserve,” “proven mineral reserve” and “probable mineral reserve” are Canadian mining terms defined in accordance with National Instrument 43-101 and the CIM Definition Standards on Mineral Resources and Mineral Reserves. These definitions differ from the definitions in the SEC’s Industry Guide 7 and, generally, are not permitted to be used in reports and registration statements filed with the SEC.

As such, information contained in this document and the documents incorporated by reference herein concerning descriptions of mineralization and resources under Canadian standards may not be comparable to similar information made public by United States companies in SEC filings.

The Mineral Resources disclosed in this company presentation were estimated by Mr. David Rennie, P.Eng., an employee of Roscoe Postle Associates Inc. (RPA) and is independent of AbraPlata. The Mineral Resources are available on www.SEDAR.com in a news release dated March 2, 2018, and titled “AbraPlata Announces DiablillosPEA Results with 30.2% IRR.” By virtue of his education and relevant experience, Mr. Rennie is a "Qualified Person" for the purpose of National Instrument 43-101. The Mineral Resources have been classified in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves. Readers are encouraged to read the Company’s technical report in its entirety.

The technical information contained in this presentation has been approved by Willem Fuchter, PhD, PGeo. Dr Fuchter is a Member of the Association of Professional Geoscientists of Ontario (“APGO”), and is a qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

AbraPlata Investment Highlights

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▸AbraPlata is a focused on Argentina

▹Key members of the management team are based in Buenos Aires – country and technical expertise

▹Argentina has undergone rapid economic and political change since 2015 elections

▸Diablillos silver-gold project acquired from SSR Mining at the bottom of the mining cycle in 2016

▹Over US$35M spent on drilling and met testing work

▹ Indicated Resource contains 81Moz silver plus 732koz gold (139Moz AgEq or 1.8Moz AuEq at spot prices)

▹Currently valued at US$0.09/oz Indic. AgEq (US$8/oz AuEq)

▸March 2018 Diablillos PEA: open pit project + 6,000 tpdprocess plant producing 9.8 Moz AgEq/year

▹After-tax IRR of 30.2% and NPV7.5% of US$197 million

▹AISC of US$7.52/oz AgEq (US$542/oz AuEq) at US$20/oz Ag and US$1,300/oz Au

▸Plus blue sky upside from three Cu porphyry projects

Capital Structure

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Common shares 78.1 million

Warrants 11.9 million

Options 3.2 million

Current cash ~CAD$1 million

Debt nil

Major Shareholders

SSR Mining 19.9%

Management 10.5%

Genautica 6.2%

36.6%

Key Management & Directors

5

The team has been together in various forms for over 15 years running projects and junior companies in South America and Argentina, in particular. Diablillos was acquired from SSR Mining through a competitive bidding process and SSRM saw fit to back this team because of their ability to navigate the idiosyncrasies of operating in Argentina.

Willem Fuchter PhD PGeo, President, CEO & Director• A long-term permanent resident of Argentina with over 25 years’ experience working in mines and

exploration projects both junior and major mining companies including Riofinex, Falconbridge Gold, Kinross, and Ivanhoe Mines.

Hernán Zaballa, Legal Counsel, Chairman• One of the top mining lawyers in Argentina, and has done work for most of the majors and many of

the junior companies that have invested in Argentina over the last 20 years. Served on the local boards or served as a representative of Barrick, Pan American Silver, Northern Orion, and Penoles.

Eduardo Perlicz, Director• 30 years’ experience in the mining sector, having specialized in trading, investment banking, and

project financing with Goldman Sachs and Barclays.

John DeCooman, Director• Vice President, Business Development and Strategy at SSR Mining since 2009. Over 15 years’ mining

project finance and advisory experience including Deutsche Bank, Alex Brown, and Standard Bank.

Dave Doherty, Director• Founder of Rockshield Capital, a diversified investment and venture capital firm. Over 20 years’ of

investment and finance experience, including work as an investment adviser at Canaccord Capital.

Diablillos – Overview

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▸7,919 ha property in Salta Province, Argentina with good infrastructure

▸Over US$35M spent on exploration (88,000m in >450 holes)

▸Indicated Resource contains 139Moz AgEq or 1.75Moz AuEq at spot prices)

▹Upside potential from satellite deposits and high grade gold zone at bottom of Oculto pit

Category DepositTonnage

(000t)

Ag(g/t)

Au(g/t)

Contained Ag(000 oz Ag)

Contained Au(000 oz Ag)

INDICATED

Oculto 26,850 93.0 0.85 80,300 732

Fantasma 200 98.3 - 650 -

TOTAL 27,100 93.1 0.84 80,940 732

INFERRED

Oculto 1,000 46.8 0.89 1,510 29

Fantasma 80 75.3 - 190 -

TOTAL 1,100 48.8 0.83 1,690 29

Effective August 31, 2017. Full details of the Mineral Resources are available in a company news release dated March 2, 2018, and available on

www.SEDAR.com.

Min

era

l Resourc

e

Estim

ate

(Marc

h 2

018)

Diablillos – Infrastructure

7

▸Diablillos lies in the Argentine “Puna” (Altiplano) at 4,000 masl in a rapidly developing mineral district that includes FQM’s TacaTaca

▸Located in an established mining camp that includes multiple lithium and borate mining operations (e.g., FMC, Orocobre)

▸Accessible by good all-weather gravel roads

▸Airstrip nearby at FMC’s Hombre Muerto lithium operations

▸A natural gas pipeline built to supply mining projects like Diablillos is located 34 km from the project

▸Sufficient subterranean water available on and near to the project.

Diablillos – Oculto Deposit

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▸Oculto is a high sulphidationepithermal Ag-Au deposit –excellent potential at depth

▸There is evidence of several high grade gold zones at the bottom of the pit that have not been well drill tested

Diablillos – Long Section & Metallurgy

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▸Mineralization is near surface and oxidized, conducive to open pit mining

▸Preliminary metallurgical testwork indicates that excellent recoveries (e.g., 81% silver and 86% gold) can be achieved using a flowsheet comprising crushing, grinding and agitated vat leaching

Longitu

din

alS

ect

ion

Diablillos – High Grade Ag & Au Zones

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▸Oculto deposit has a high grade silver zone (+300 g/t) believed to be a supergene enrichment zone that may be present in satellite deposits

▸Structurally controlled (NE-SW trending) high grade gold mineralization intersected near the bottom of the resource pit shell▹DDH97-007A intersected 108m of 2.7 g/t Au and 15.6 g/t Ag from 197m down hole,

including 10.6m grading 16.7g/t Au and 39.2 g/t Ag from 210m

▹Gold-rich zone is in the metamorphic basement in eastern portion of deposit –requires follow-up, as historic drilling did not test for basement mineralization

Diablillos – 2018 PEA Concept

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▸PEA completed March 2, 2018, by RPA with input from GR Engineering Services

▸Contractor-operated open pit mine with a 6,000 tpd conventional silver processing facility (mill, vat leaching, and Merrill-Crowe circuit)

ProcessPlant

Fantasma Pit

OcultoPit

WasteDump

Diablillos – 2018 PEA Highlights

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▸All-in sustaining cost of US$7.52/oz AgEq (US$542/oz AuEq) at US$20/oz Ag & $1,300/oz Au*

▸Robust project economics with strong leverage to silver prices

Silver Price US$/oz After-Tax NPV7.5% After-Tax IRR

$16.00 US$108M 20.3%

$18.00 US$153M 25.3%

$20.00 US$197M 30.2%

$22.00 US$241M 34.9%

$24.00 US$285M 39.5%

Notes:

1. Please refer to PEA news release dated March 2, 2018, available at SEDAR.com

2. * Silver and gold equivalent calculations based on Ag NSR=US$15.20/oz and Au

NSR=US$1,097/oz; Ag=72.2xAu

Diablillos – 2018 PEA Production

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▸Average annual production of 9.8 Moz AgEq (136,000 oz AuEq)

▸Average head grade of 125 g/t Ag and 0.72 g/t Au (177 g/t AgEq or 2.45 g/t AuEq)

▸Average LOM recoveries of 80% silver and 86% gold

▸8 year mine life with potential to extend through additional exploration

-

50

100

150

200

250

-

2

4

6

8

10

12

14

16

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8

Eq

uiv

ale

nt S

ilve

r Gra

de

(g/t)

Eq

uiv

ale

nt

Sli

ve

r P

rod

ucti

on

(M

oz)

Recovered Equivalent Silver Average Annual Silver Equivalent Grade

Diablillos – 2018 PEA Cash Flows

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▸~18 month period for mill construction and pre-stripping of the Oculto pit

▹Overall stripping ratio of 4.6:1 and 3.2:1 excluding pre-stripping

▸LOM after-tax undiscounted cash flow of approximately US$400 million

▸Payback period of 3.1 years after-tax

$(400)

$(300)

$(200)

$(100)

$-

$100

$200

$300

$400

$500

$(200)

$(150)

$(100)

$(50)

$-

$50

$100

$150

$200

$250

Year -1 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9

Cu

mu

lativ

e A

fter-T

ax C

ash

Flo

w (U

S$

'000

)

Aft

er-

Ta

x C

ash

Flo

w (

US

$ '0

00)

After-Tax Cash Flow Summary

After-Tax Cashflow Cumulative After-Tax Cashflow

Diablillos – 2018 PEA Capex & Opex

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▸Contractor-operated open pit mine (truck and shovel) with a 6,000 tpdprocess plant – mill, grinding, agitated vat leaching, Merrill-Crowe zinc precipitation circuit to produce Ag/Au dore

▸US$293M initial capex, including US$91M of pre-stripping and US$32M contingency

Capital Costs US$ (millions)

Surface Mining $93.3

Processing 69.2

Site Infrastructure 35.2

Owner Costs 17.3

Indirect Costs 45.6

Contingency & Other

Provisions32.2

Initial Capex $293.0

Sustaining Capex 5.0

Closure 13.0

Total Capex $311.0

Operating

Costs (USD)

per AgEq

oz

produced

per AuEq

oz

produced

Surface Mining $2.57 $186

Salta Province

Royalty0.34 24

Processing 3.02 218

G&A 0.59 43

Total Opex $6.52 $470

Diablillos – Development Timeline

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▸AbraPlata plans to aggressively move Diablillos towards a production decision by the end of 2019

PEA Q1 2018

PFS Q4 2018

DFS Q4 2019

▸Planned 2018 work will include additional engineering, metallurgical testing, and environmental studies to form the basis of a PFS.

▸The 2018 drill program will focus on the following:

i. Infill drilling of Oculto PEA pit to upgrade the resource, fill in areas with insufficient drilling, and test the deeper high grade gold zones

ii. Definition of near-surface silver and gold mineralization at Fantasma and Laderos, satellite deposits to the main Oculto deposit

Diablillos – Resource Expansion Potential

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▸Multiple opportunities exist to increase the Diablillos project mineral resource

▹Structurally controlled high grade gold zones in Oculto and at satellite extensions

▹Fantasma zone 800m west of Oculto has silver mineralization (100-150 g/t Ag) near surface and may have a supergene enrichment zone like Oculto

▹Laderas zone contains low grade gold mineralization (~1g/t) near-surface

Porphyry Projects – Blue Sky Upside

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AbraPlata has three projects with Cu porphyry potential – looking for JV partners to fund exploration

Cerro Viejo & Cerro Blanco (Diablillos)▹Associated with NW-trending structures of

the Archibara Structural Corridor that hosts TacaTaca and Escondida

Cerro Amarillo▹16,800 ha property in Mendoza Province

▹Southern extension of the El Tenientemineral district

▹Regional-scale magnetic anomaly with five distinct porphyry style systems

Samenta▹5,308 ha property in Salta Province

▹On trend with TacaTaca and Escondida

▹Two high level intrusions with mineral occurrences, based on limited drilling

Samenta

(Salta)

Cerro Viejo/

Cerro Blanco

(Salta)

Cerro Amarillo

(Mendoza)

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AbraPlata Valuation

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▸AbraPlata trades at a significant discount to comparable companies in the gold and silver exploration sectors▹Lack of market awareness as a relatively new publicly traded company▹Market does not yet comprehend the large size of the Diablillos silver-gold

resource relative to Latin America projects held by mid-tier silver producers▹ Investors waiting for PEA results

▸Significant re-rating potential

Ticker Company Share Price(1) Market Cap(1) EV(1)(2) Stage M&I M,I&I M&I M,I&I

(C$) (C$M) (C$M) (M oz) (M oz) (C$/oz) (C$/oz)

AGC.V Amarillo Gold Corp $0.30 $26 $36 PFS 1.5 2.1 $25 $18

GRG.V Golden Arrow Resources Corp $0.65 $64 $45 PFS 0.5 0.8 $87 $59

KTN.V Kootenay Silver Inc $0.20 $38 $35 Resource 2.6 3.3 $13 $11

PGD.L Patagonia Gold PLC $0.02 $52 $92 Producing 1.3 1.8 $69 $51

AVGG Average 1.5 2.0 $48 $35

ABRA.V AbraPlata Resource Corp $0.22 $17 $15 Resource 1.8 1.9 $8 $8

(1) Based on clos ing prices as of February 2, 2018

(2) Equal to Market Cap + Long-Term Debt - Working Capita l

(3) Based on 43-101 compl iant technia l reports ; AuEq based on US$1,325/oz Au, US$17.50/oz Ag and US$2.90/lb Cu

EV / Resources(3)AuEq Resources(3)

AbraPlata Details: 77.7M bas ic shares o/s , C$~1.0M cash, ni l debt

Major shareholders : SSR Mining 19.9%, Genautica 6.0%

Source: Red Cloud Klondike Strike

Why Invest in Argentina?

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▸Argentina is the 12th largest gold producer worldwide and the country has significant mineral endowment

▸More than 10 new mines have been brought into production over the last decade, employing over 500,000 people directly and indirectly

▸Diablillos is situated in Salta Province, which was rated the #1 mining investment destination in Argentina (Fraser Institute, 2016)

▸Argentina has undergone rapid economic and political change since elections in late 2015. In an effort to attract investment in the mining sector, the new administration has:

▹Revoked export taxes on mineral products

▹Liberalized forex markets and capital in-flows/out-flows

▹Simplified the importation of capital goods

▸The new government has also introduced tax incentives:

▹Fiscal stability (30 years)

▹Construction IVA (VAT) reimbursements

▹Accelerated depreciation

AbraPlata Investment Summary

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▸Argentina-based team with deep technical knowledge of local projects and the political and legal environment in Argentina

▸Argentina government is actively seeking new mining investment

▸Diablillos silver-gold project was acquired at the bottom of the cycle

▸March 2018 PEA indicates robust economics with a 30.2% after-tax IRR, NPV7.5% of US$197 million, and AISC of US$7.75/AgEq ounce

▸Production potential of 9.5Moz AgEq per year – mid-tier producer status

▸Resource and mine life growth potential at Diablillos from satellite deposits, high-grade gold zone at Oculto, and Northern Arc gold targets

▸AbraPlata is trading at only $0.09 per silver-equivalent Indicated ounce of silver resource ($8/oz Indicated AuEq) – significant re-rating potential, as comps are trading at six times that valuation

▸Blue sky potential from early stage porphyry projects

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APPENDIX

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Diablillos – History

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▸SSR Mining commenced a competitive bidding process for the Diablillos project in March 2016, at the bottom of the mining cycle▹SSR monetizing non-core assets and focusing on North American projects

▸AbraPlata acquired Diablillos in November 2016 for cash payments of US$14.5m over 5 years, a 1% NSR, and a 19.9% equity interest in AbraPlata (acquisition cost of less than US$10/Au oz-in-ground)▹ One key reason for SSRM’s decision to sell Diablillos to AbraPlata was the

management team’s deep knowledge of projects and politics in Argentina

▸Overlapping mineral rights on the Catamarca-side of the border with Salta Province acquired by AbraPlata in August 2017 for US$3.3m over five years and 500,000 shares clear title

Diablillos – Geology & Mineralization

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▸Epithermal mineralization comprises high-grade, bonanza-style feeder veins which evolve into disseminated bodies

▸Metal zonation appears to range from Au-Cu in the feeder veins to Au-Ag and Ag-Au, and then Ag-only in the disseminated bodies

Porphyry Camp

& Northern Arc

Epithermal

Camp

Diablillos Property – Porphyry Potential

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▸Northern portion of the Diablillos property hosts a dacite porphyry complex and peripheral Au-rich veins controlled by NW trending structures associated with the Archibarca Structural Corridor

▸Porphyry cluster identified based on Mo soil anomalies

Cerro Amarillo – Porphyry Potential

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▸Located in mining-friendly department of Malargüe, Mendoza Province

▸Extension of the El Teniente/Los Bronces mining district

▸Option to acquire 100% of property with 2% NSR

▸Average elevation 3,000 masl

Samenta Project – Porphyry Potential

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▸Located along the ArchibarcaLineament, 50 km southwest of TacaTaca

▸Option agreements to acquire 100% of the Samente Norte and Samente Sur properties with 1.5% NSR

▸Elevation 3,900 to 4,800 masl

▸Road accessible

▸Historical work done by Southern Copper, Teck, Peregrine - drilling to relatively shallow depths

▸Pediment cover conceals much of the property

▸Opportunity to deploy deep-penetrating geophysics to search for mineralization at depth, like TacaTaca

2828

AbraPlata Resource Corp.

Willem Fuchter – President & CEO

willem@abraplata.com

+54.911.4178.2200

Investor Relations

Rob Bruggeman

rob@abraplata.com

+1.416.884.3556

www.abraplata.com

Diablillos Camp