Corporate Presentation August 2017 Copper focused Value Driven Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 1
Forward Looking Information This presentation includes certain statements that may be deemed "forward looking statements". All statements herein, other than statements of historical facts, that address events or developments that Abacus Mining and Exploration Corporation (the "Company") expects to occur, are forward looking statements. 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. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Although the Company believes the expectations expressed in such forward looking statements 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 actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, environmental and permitting timeline delays or receipt of required provincial and federal permits that may affect future plans, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 2
Strengths - Major copper-gold porphyry development project in B.C. in the permitting process - Exceptional copper-gold porphyry exploration project in Nevada - Both Projects are in low-risk jurisdictions - Management & Directors have demonstrated success in exploration, development & M+A Opportunities - Re-rating on near-term receipt of EA permits - Compelling low market valuation - Copper market near the beginning of a multiyear bull market Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 3
Ajax Copper Project, B.C. A development stage copper-gold porphyry deposit in the permitting process Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 4
Ajax Location Map Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 5
Ajax Map Detail New Gold Afton New Gold Axiom Ajax Ajax Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 6
Project Ownership Ownership Ajax Project 100% By KGHM Ajax Mining Inc. KGHM Ajax Mining Inc. 20% 80% By Abacus Mining & Exploration Inc. (carried by KGHM through to production) By KGHM Polska Miedz SA Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 7
Ajax General Geology East Pit Iron Mask Hybrid West Pit Latite Dykes Sugarloaf-Volcanic Hybrid Picrite Monzonite Dykes Sugarloaf Diorite Mafic Volcanic Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 8
Ajax Site Layout Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 9
Feasibility Study Highlights Reserve Tonnes (mt) Cu % Au (g/t) Ag (g/t) Proven 130 0.30 0.19 0.40 Probable 296 0.28 0.19 0.38 P + P 426 0.29 0.19 0.39 Mining Rate 65,000 tpd 23,725,000 Mt/y Strip Ratio 2.65 : 1 Cap Ex $1,307,200,000 Op Ex LOM Mining $1.50/t mined Process $4.31/t ore Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 10
Feasibility Study Highlights Financial Pre-Tax NPV @ 5% USD 872 M NPV @ 8% USD 429 M IRR 13.4% After Tax NPV @ 5% USD 543 M NPV @ 8% USD 216 M IRR 11.1% Payback (after tax) 6.7 years Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 11
Near-term Milestones Milestone Estimated Date* Provincial EA Certificate Project Agreement with First Nations Federal EIS Approval Decision Submit Provincial Permit Applications Submit Federal Permit Applications Nov-Dec, 2017 Nov-Dec, 2017 Dec-Jan, 2018 Q1, 2018 Q1, 2018 The aforenoted timelines are subject to change without notice. Risks related to the environmental permitting process and receipt of all regulatory permits and approvals are detailed under Risk Factors in the Company s filings on Sedar and its website. Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 12
Willow Property Location Map Rail Line Willow Property MacArthur Deposit Bear Airport Cu Porphyry Blue Hill BuckSkin Cu Vein Anne Mason Yerington Mine Yerington Pumpkin Hollow Cu Skarn Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 13
Willow Google Earth Map Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 14
Willow Soils Cu-Mo Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 15
Willow Soils Au Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 16
Willow Drill Holes Detail Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 17
Willow Geophysics Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 18
2017 Willow Program - Compilation and digitization of all historic data - Approx. 97 line km of infill soils and ground IP - Approx. 200 line km ground magnetics - Detailed geological mapping by an expert in porphyry systems - Spectrometric mineralogical analysis (Terraspec) of all new soil & rock samples - Additional age dating - Up to 2500 m Diamond Drilling Total Budget: $(CAD) 788,000 Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 19
20 Management and Directors Michael McInnis Sean Harvey John McConnell Tom McKeever Kerry Spong Jeannine Webb President, CEO and Director Director Director Director Director CFO, Corporate Sec y Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 20
Share Structure Basic Shares o/s 39,134,602 Warrants & Options 4,636,654 Share Price C$ (August 1, 2017) $ 0.43 Market Capitalization $16,828,000 (o/s shares) Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 21
Copper outlook - deficit Wood Mackenzie 2017 Refined Balance 600 Wood Mackenzie 2018 Refined Balance 600 500 500 400 300 Market now in deficit despite lower demand 400 300 2018 market also moved into deficit Thousand tonnes 200 100 0-100 Thousand tonnes 200 100 0-100 -200-200 - 300 Month of Forecast -300 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 Month of Forecast Source: Teck, Wood Mackenzie Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 22
Slowing copper production Mine production peaking as replacement projects delayed Copper Production Expected to Decrease Uncommitted Projects Increasingly Delayed Existing and Fully Committed Mines 12,000 10,000 15% in Base Case 15% 10% in in Base Base Case Case Thousand Tonnes Thousand Tonnes 8,000 6,000 4,000 2,000 2010 2011 2012 2013 Mine Production Projects 2014 2015 2016 2017 SXEW Demand 2018 2019 2020 2021 Source: Teck, Wood Mackenzie, CRU, ICSG 2022 2023 Scrap 2024 2025 0 2018F Last Year Base 2018F 2020F Today LastYear Highly Probable 2020F 2022 2022 Today Last Year Today Probable Possible Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 23 23
Copper mine production Disruptions -200 Disruptions Exceeding 5% 2017 2005 2007 2009 2011 2013 2015 (Mar) 0 160 140 120 Significant Disruptions in Q1 2017, With Effects Through Q2-Q3 2017-400 2.8% 100 80 Disruptions could total >625kmt Thousands Tonnes -600-800 -1,000 4.1% Thousands Tonnes 60 40 20 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -1,200 Constancia Grasberg Guidance Los Pelambres Mt. Milligan Grasberg FM Escondida Strike Sentinel Grasberg Export Ban/Strike Escondida Slow Ramp Up Source: Teck, Wood Mackenzie, CRU, ICSG Cerro Verde Strike Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 24 24
Copper Stocks July 2014-2017 Seasonal SHFE stocks drawn down Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 25