Equitas Resources Corp. - Corporate Presentation (August12)

FAST TRACK TO GOLD PRODUCTION - AUGUST 12, 2016

Building a New GoldProducer in Brazil.

TSXV:FSE: T6UNUSA: EQTRF

EQT

Unless otherwise specified, financial metrics within this presentation represent Canadian currency.

This presentation does not constitute an offering of securities and the information contained herein is subject to the information contained in the Company’s continuous disclosure documents at www.sedar.com.

Certain disclosures in this presentation, including statements relating to management’s assessment of plans, projects and intentions with respect to current drilling and trenching programs; building of Carbon in Leach Plant (CIL) by Q3 2016; obtaining all of the necessary permits and licenses; view to grow production to +30,000oz Au per annum year one and to +60,000oz Au per annum year five; growth of corporate assets through M&A, equity and credit financing; all references to increased gold production; becoming self-sustaining; production to fund future growth; fast project payback; becoming a mid-tier Gold Producer in Brazil; and references to the commencement of a full Preliminary Economic Assessment (PEA), constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Equitas’ operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. Forward-looking statements are based on the assumptions, opinions and estimates of management as of the date such statements are made, and they are subject to a number of known and unknown risks and uncertainties which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. In particular, such risks include fluctuations in commodity prices and currency exchange rates; mineral resource estimates; operational risks associated with mineral exploration and production; title matters; possible variations in resources, grades, or recovery rates; uncertainty of estimates of capital and operating costs; changes in project parameters as plans continue to be refined; delays in obtaining government approvals or licenses; failure of equipment or processes to operate as anticipated; uncertainty surrounding the ability to obtain financing and to market the products; accidents or labour disputes, and other risks and uncertainties disclosed under the heading “Risk Factors’ in the Company’s most recent Management’s Discussion and Analysis. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, Equitas expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

The mineral resource estimate for the Cajueiro Project referred to in this presentation is an estimate and therefore insufficient to allow meaningful application of the technical and economic parameters to enable an evaluation of technical or economic viability and no assurances can be given that mining of the Cajueiro Project is commercially viable or that the indicated levels of gold will be produced. The mineral resource estimate was prepared on March 8. 2016 by M. Clairborne Newton, III, PhD, CPG and Donald Hulse, P.E. of Gustavson Associates , the independent Qualified Person/s as defined by NI 43-101. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that the resource estimate included in this presentation is well established, by their nature, resource estimates are imprecise and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable. If such estimates are inaccurate or are reduced in the future, this could have a material adverse impact on the Company.

The Company advises that it has not based its production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, and as a result there is increased uncertainty and there are multiple technical and economic risks of failure which are associated with this production decision. These risks, among others, include areas that are analyzed in more detail in a feasibility study, such as applying economic analysis to resources and reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts.

Forward-Looking Statement

The information and content of a scientific or technical nature contained in this corporate presentation has been prepared by or under the supervision of Everett Makela,P. Geo., VP Exploration for Equitas Resources Corp., a Qualified Person for the purposes of National Instrument 43-101.

http://www.sedar.com/

www.equitasresources.comAugust 2016 3

Building a New Gold ProducerIN

BRAZIL

*Photos may not have come from EQT project/s.

August 2016

The Key Points:

Gold Producer with Near-term “Fast Track” Growth Plan

Our Business Model: Stepped Development - Fast Pay Back – Self sustaining

Strong Potential for Resource Expansion

Baldo Zone: Alluvial & saprolite variable production. Peak Q1 2016 revenue USD$30-50k/month. USD/month.

Awaiting metallurgical test results to confirm our preferred production process (CIL) Carbon-in-Leach (CIL) Plant – contingent on drilling results, and completing cyanide

permitting – Start build in 2016 (Completion Q2 2017). Provides funds for future project growth.

Current exploration program includes drilling and trenching to increase high grade oxide resources at Cajueiro

Further annual exploration funded from in-house cash-flow focused on the oxides.

4www.equitasresources.com

• Rapidly build production and cash-flow while maximizing the value of our “flagship” Cajueiro Gold Resource.

• Becoming swiftly self sustaining on a cash flow basis.

Stepped Development – De-risks the overall project development. Brazil Cost Compression = Fast project payback, rapidly become self–sustaining.

EQT is a Brazilian gold producer. Our aim is to:

*Mineral resources that are not mineral reserves do not have demonstrated economic viability

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The OpportunityFocused on Becoming a Mid-tier Gold Producer in Brazil:

Existing but variable low cash cost gold production.Fast track production growth “Ready to Go”: Cajueiro to increase in 2 phases within 12 months –CIL plant (phases 1+2).Concentrating on historically prolific and under-developed Juruena gold belt in Central Brazil.184,410 hectare portfolio with 10+ license areas, 6 prospective gold properties, 4 mining licenses & significant drilling upside. Our Cajueiro project covers 39,053 hectares of the portfolio.

Flagship Cajuiero Project:Currently producing on variable basis from small-scale alluvial since June 2015.Equitas’ Initial NI 43-101 – Indicated 214,000oz Au at 0.771 g/t; and an Inferred 282,000oz Au at 0.804 g/t (of which 78,400oz Au at 1.775 g/t in the oxide saprolite domain).Strong potential to add significant gold resources from the close to surface mineralized oxide saprolite zones.

Strategic Positioning - “roll up” strategy to consolidate quality near term production projects:To be funded via in-house cash flow, supplemented by specific equity or credit financings.

Team Synergies and Depth:Experienced Brazilian operators.Strong capital markets and management team.Recognized joint technical and development team.

August 2016


August 2016 www.equitasresources.com 6

Strategic Partnership

Equitas Resources Corp. Signs Long Term Funding Term Sheet with Cartesian Royalty Holdings Pte. Ltd. for a US$6.0M Revolving Gold Prepayment Facility

and Equity Finance Package

Key Points for the Financing are:1. Enough funds to get to self sustaining state (ongoing costs and new investments)2. Investment equity locked up for 18 months – strong sign of confidence3. Strong anti-dilution effect – good for investor share of accruing value4. Ability to draw more than US$5M – via innovative revolving nature – top up capacity

gives stretch capability5. External stamp of approval – through financial and technical due diligence that gold

resource at Cajueiro is commercial and capable of strong growth in production

Infrastructure & Location


Significant land position, 184,410 hectares of license area in Central Brazil.In or close to the prolific Juruena Gold Belt.Cajuiero project is in close proximity to Alta Floresta town and its airport, water & infrastructure.Project/s located within favorable landscape.Local Hydro project currently in construction. To provide direct power in 18 months.

Creporizinho

CAJUEIRO PROJECTNI 43-101

39,053 hectares

Apiacás

Nova Canaã

Colíder Rio do Pombo

• Historic Gold Production from district of 7-10Moz

• Majors active include Anglogold, Votorantim and Golden Star

• Excellent infrastructure

August 2016


Alta Floresta Mineração

Equitas completed the acquisition of Alta Floresta Gold (AFG) and its Brazilian based operating subsidiary Alta Floresta Gold Mineração (AFM) in April 2016. As part of the closing AFG’s 60% interest in AFM was increased to 100%.AFM is sole holder of the 184,410 ha. exploration portfolio with 6 gold properties including the Cajueiro Project in the Juruena Belt in Mato Grosso & Para states of central Brazil. The area is prospective with 7-10Moz Au of artisanal production from the Juruena region.AFM administrative office is in Cuiaba (2 staff), with an operations office in Alta Floresta (5+ staff), and has 3 directors (2 Portuguese resident).

August 2016


Strategy-what we plan to do 2016

Medium Term

Long Term

Trenching & diamond drilling at Cajueiro to increase oxide resources. Select processing procedures for mining operations in between the Crente and

Baldo licenses at Cajueiro. Fast track development: Following Cajueiro oxide drilling results - commence

construction of 2 phase CIL plant (est. up to 12,000oz Au p.a.).

Grow Cajueiro production organically through cash-flow funded development on existing licenses. Repeat 2016 production plant build on annual basis. Prove up further resources at Cajueiro to support this production growth.

Develop high grade sulphide resources at Colider / Nova Canaa once fully permitted. Grow additional high quality assets through M&A – leveraging team’s skill set.

(3YR) Grow production of Cajueiro to +30,000oz Au per annum. (3YR) Increase portfolio of near-term production assets through acquisitions. (5 YR) Portfolio production to exceed 60,000oz Au per annum. (5 YR) Prove up Cajueiro to +1.5Moz Au target resource. Commence full PEA.

August 2016


www.equitasresources.com

Why Brazil Economy & Size

Brazil is world’s 6th largest economy at $2.2Tn, and 5th largest by population at 203M.

Supportive to Foreign MinersRecognized mining friendly jurisdiction. Strong precedents. Several major miners have an active presence.

An Established Gold Province: 7th largest gold reserves globally. Brazil produced over US$6.5 billion of gold in 2012.Yet a large proportion of the country is under-explored using modern technology.

Mining Law: 1% royalty rate on gold. Transparent title. Modest tax rates.

Cost Compression:The key point – immediate opportunity due to significant cost compression (see over).

August 2016 10


Brazil Cost Compression

Brazilian Real (BRL)| Operations CAPEX Gold Production | Sold for USD USD Converted to Canadian $’s

Brazil’s economy has been on a downtrend for the past few yearsWe are seeing 25-28% operating expense and up to 40- 50% capital expenditure compression.Management believes this provides a very rare and exceptional opportunity to rapidly develop, grow & acquire additional projects in Brazil.

Gold sales in US$ and OPEX/CAPEX in BRL = fast payback & high profitability

The Right Time to Develop…

August 2016

5 Year Chart: Brazilian Real Currency vs US Dollar

The Team


Management & Board all with large-company experience

August 2016


Kyler Hardy – Chairman, Director16 years in the resource sector as an entrepreneur & executive. Experience in operating remote & logistically complex exploration projects. Successful in building early stage businesses.

Chris Harris – President & CEO, Director30 years in energy, commodity trading and mining finance (Ernst & Young, CIBC, Enron UK, BHP Billiton, GMI Resources UK). Multiple principal investments & director roles.

Dr. Alan Carter – Director30 years in mineral exploration (Rio Tinto, BHP Billiton, ECI). Founder of Magellan Minerals (recently acquired by Anfield Gold). Director: Cuprum Resources, Peregrine Diamonds, and Anfield Gold.

David Hodge – DirectorExtensive experience in management and financing of publicly traded companies. Was involved in raising $250M+ for several resource driven companies. President of Zimtu Capital Corp.

Management

August 2016


Exploration & Operations

Everett Makela – VP of ExplorationOver 30 years of exploration experience as a geologist. Spent career with INCO/Vale holding increased roles ranging from grassroots evaluations to near mine resource definition. Extensive experience with joint ventures and alliances. Retired as Principal Geologist, Vale North America.

Richard Crew – Mine Manager to Alta Floresta Mineração20 years of mining experience as operations manager and chief operating officer for multiple companies & projects worldwide. Excellent knowledge of the international mining sector and technical developments. Fluent Portuguese.

Elvis Alves – Project Manager to Alta Floresta MineraçãoBrazilian geologist focused on mineral exploration and mining with 7 years experience. Project Manager for Alta Floresta Mineração.

August 2016

Advisory Board


Michael Bennett30 years experience (23 in South America). VP Exploration of ECI (2009+). 3 gold discoveries: Brazil – Coringa (1.1Moz), Cajueiro (0.49Moz); and Bolivia – Puquio North (0.5Moz).

Jon Coates36 years in exploration, mine geology and development. Former Chief Geoscientist with BHP Billiton. Until recently the Executive Geoscience Advisor for the Saudi Arabian Mining Company “Ma’aden”.

August 2016 15


Technical - Cajueiro

August 2016


Cajueiro Resources

Located 95km north of the city of Alta Floresta in the state of Mato Grosso.Historic surface gold workings produced +250,000oz Au. Soil sampling has identified 10 gold anomalies of which 5 have been partially drill tested.11,292 metres of diamond drilling produced a NI 43-101 NI 43-101 – Indicated 214,000oz Au at 0.771 g/t; and an Inferred 282,000oz Au at 0.804 g/t (of which 78,400oz Au at 1.775 g/t in the oxide saprolite domain).NI 43-101 was conducted on the narrow view sulphide system and did not extensively include the oxide zones from surface down to 60 meters.Mineralized areas show potential to identify higher grade bulk-mineable zones.50% of anomaly areas still to be drill tested.

Diamond drill rig at the Baldo Zone of the Cajueiro Project

August 2016


Current Exploration Targets Resources Growth

Highly Prospective Mineralized Structural Corridor is Targeted

• 650m strike length defined by surface mapping and sampling.

• 34 grab surface samples avg. 14.67 g/t Au, ranging up to 118.47 g/t Au.

• Two 1 tonne saprolite surface samples yielded 5.77 g/t Au and 87.20 g/t Au.

• Metallurgical testing of a 100 kg saprolite surface sample gave a head grade of 8.9 g/t Au.

• Historic drill hole intersected 1.48 g/t Au over a significant 29.85m core interval.

August 2016

Current Drilling Program


Focus = defining additional resource in near-surface saprolite oxide domain.Consisting of diamond drilling and trenching.Two track-mounted drill rigs (CS-1000\10 & CS-1500) commenced20 HQ diamond drill holes totaling 1600m planned.With 700m of trenching.Targeting identified highly prospective mineralized structural corridor.Completed end-June and extended by 500m.Awaiting full assay results back

August 2016

August 2016 www.equitasresources.com 20

High Grade TrenchingMajor highlights include: • Initial assay results identify

eight intersections of 1.16 g/t Au or greater;

• Two high-grade intervals of 24.26 g/t Au over 2m, and 18.86 g/t Au over 2m;

• A broader separate near-surface interval of 12m @ 1.42 g/t Au;

• The exploration program is being extended with diamond drilling, auger drilling and trenching to further delineate and expand on the intersections achieved to date;

• To date 733 of 757 trench assays have been received, and all drill core results are still outstanding.




Crente

Baldo

Preliminary metallurgy concluded

Baldo surface samples avg. 14.7 g/t

Plant efficiencies as within 2km

Fast-Track Targets

August 2016


Cajueiro Central Blocks

Sample 33194 / 92.1 g/t Au

Sample 33872 / 6.19 g/t Au

Sample 33222 / 41.17 g/t Au

August 2016

Marines TargetBaldo Target

Matrincha Target

Crente Target

Legend Roch Sample Mineralized Structure Current Exploration Target


Baldo Zone Detail

August 2016

Baldo Zone


OPERATIONSLow cash cost operations.

High exploration growth.

August 2016


Fast Track Development

Permitting in place – 2 Guia de Utilizacao’s (bulk sampling licenses with standard environmental permit) were approved & published in Oct 2014 & Jan 2015.

PHASE 1: ALLUVIUM GOLD PRODUCTION

PHASE 2: INCREASE RESOURCES AT CAJUEIRO

PHASE 3: 450TPD CARBON-IN-LEACH PLANT for Baldo & Crente zones

Near Baldo Zone: Sluice box operation since Q3 2015. Avg. revenue of US$30-50K/m.

Drilling and Trenching at the Baldo Zone Positive results from trenching program, Au grades to 24.26 g/t Exploration program extended with diamond & auger drilling (some in

neighbouring Crente area), also more trenching Publicly report drill core results once assays back and assessed.

Baldo Zone 100kg metallurgical test sent to SGS Chile – report March 2015. CIL plant design finalized April-May 2015. Highly efficient- the zones are <2km apart. Upgrade environmental permit to cyanide process (submission starting June 2016) Awaiting results from current surface oxide exploration program to approve build

program.

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Baldo and Crente Zones

Baldo

Crente

‘Potential’ CIL Plant Location

August 2016


$0.10 cents/share

Corporate Structure

August 2016

Toronto Stock Exchange Venture (Canada):

EQTFrankfurt Stock Exchange (Germany):

T6UNOTC Markets (USA):

EQTRF

Shares O/S 222.2MMarket Cap. $22.22MInsider Position +65%

*Some numbers are rounded

Chart from January 15 – August 12, 2016

Share Structure Current Price

Ticker Symbols


Equitas Resources Corp.789 West Pender St., Suite 1450Vancouver, BC V6C 1H2T. 1.604.681.1568F. 1.604.681.8240Toll-free. 1.877.377.6222


Chris HarrisPresident and CEO, [email protected]. +44 7899 66 44 92

Kyler HardyChairman, [email protected]. 1.250.877.1394

Sean A. KingsleyManager, Corporate [email protected]. 1.604.681.1568

Contact Information

August 2016

Building a New Gold Producer in Brazil.

http://www.equitasresources.com/

mailto:[email protected]



April 2016 www.equitasresources.com 31

Thank You.

TSXV: EQT | FSE: T6UN | USA: EQTRF