Ayawilca, Peru: A Potential World Class Zinc Discovery · PDF fileAyawilca, Peru: A Potential World Class Zinc Discovery ... Peru (Rio Tinto, Savage ... (CAD) Zinc Company Comparison

TSXV: TK www.tinkaresources.com

Ayawilca, Peru: A Potential World Class Zinc Discovery

Corporate PresentationDr. Graham Carman, President & CEOTinka Resources Ltd.

September 2016


Important InformationThis 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 Tinka, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever.

Certain information in this presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, all costs varying significantly from estimates, production rates varying from estimates, changes in metal markets, changes in equity markets, the proposed use of net proceeds from private placements, availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, ability to complete future drilling programs, drilling program results varying from expectations, delays in obtaining survey results, success of future development initiatives, the completion and implementation of a preliminary economic assessment, pre-feasibility or feasibility studies, competition, operating performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local authorities, community relations, and other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.

Cautionary Note to United States Investors: This presentation uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically mineable.

The Mineral Resources disclosed in this company presentation were estimated by Mr. David Ross, P.Geo., an employee of Roscoe Postle Associates Inc. (RPA) and is independent of Tinka. The Zinc /Tin Mineral Resources were publically released on May 25, 2016, while the Silver Resources were released on Feb 26, 2015. By virtue of his education and relevant experience, Mr. Ross 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.

This presentation has been prepared, reviewed and verified by Dr. Graham Carman, Tinka’s President and CEO and a Fellow of the Australasian Institute of Mining and Metallurgy, a qualified person as defined by NI 43-101.

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Company Highlights

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Focus Three separate deposits at Ayawilca (Zinc, Tin, Silver) Zinc Zone - Open in most directions Next steps: Expansion of Zinc resources, followed by a PEA Extending permits - drilling to start Oct-Nov 2016

Social Engagement and Sustainable Development Excellent relationship with local communities IFC (World Bank) providing ongoing support

Strong Technical Team with History in Peru Dr. Graham Carman, President & CEO – Geologist with 25 years

of mineral exploration experience with extensive experience in Peru (Rio Tinto, Savage, Pasminco); Lived in Peru 7 years

Alvaro Fernandez-Baca, VP Exploration – Peruvian with 20 years experience in exploration (Hochschild, Gitennes, AQM)

Tinka's Vision - To create shareholder value through discovery and sustainable development Exploring & developing Ayawilca Zinc Project (Tin, Silver) in Peru (TK 100%)

~ 3.0 Billion Pounds Zinc Eq discovered to date at a cost of ~0.5 cents/pound Zinc

Ayawilca


Ayawilca Property Highlights

Focused on developing the Ayawilca Property in Central Peru• Ayawilca is one of most significant new zinc

discoveries in Peru in the past 20 years• Mining friendly country with a progressive

government and rich mineral endowment• 150 km2 mining claims 40 km from Cerro de

Pasco, Peru's largest historic zinc mine

Three Deposits:• Zinc Zone (Zn-In-Ag-Pb) - Inferred Mineral

Resource (May 2016): 18.8 Mt @ 8.2% ZnEq• Tin Zone (Sn-Ag-Cu) - Inferred Mineral

Resource (May 2016): 5.4 Mt @ 0.89% SnEq• Colquipucro Silver Oxide (Ag) Deposit -

Mineral Resource (higher grade lenses): 10.4 Moz @ 112 g/t Ag (Indicated) and 7.5 Moz @ 105g/t Ag (Inferred)

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Recent increases in the zinc price, supply cuts and a steady increase in zinc demand is improving fundamentals for zinc companies with quality assets in good jurisdictions.

Tinka has the ingredients to see its value increase in line with its peers.

Capitalization and Zinc Peer Comparison

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Trading Symbol: TSXV: TK

Shares Issued: 149.8 M Warrants: 25.3 MOptions: 10.7 MShares reserved: 0.5 MFully diluted: 186.3 M

Market cap @ $0.22/share: ~C$33 M

Cash 30 June 2016: ~C$2.7 M

Major shareholdersSentient Group 21.5% International Finance Corp. 14.0%

$-

$0.010

$0.020

$0.030

$0.040

$0.050

$0.060

Tinka Arizona Mining Trevali

EV/Z

n+Pb

Mlb

(CA

D)

Zinc Company Comparison


AyawilcaProject

MineralRank in World 2015

Latin America

2015Zinc 2nd 1st

Copper 3rd 2ndTin 3rd 1st

Lead 4th 1stSilver 3rd 2ndGold 5th 1st

Peru – A Mining Country

* Only large mineral deposits shown

Las Bambas

Antamina

San Rafael

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Pro-mining country – mining accounts for over 50% of exports Former World Bank economist elected as President in July 2016


50 km

Antamina:Largest current

Copper/Zinc mine in Peru

Cerro de Pasco: Largest historicSilver/Zinc mine

in Peru

Giant Ore Deposit

Peru - Central Peru Mines

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Zinc Price Performance Zinc prices have increased 45% YTD, outperforming gold and silver Price performance driven by supply constraints and anticipated deficits LME zinc inventories are at a 5 year low

801/01/2016 01/02/2016 01/03/2016 01/04/2016 01/05/2016 01/06/2016 01/07/2016 01/08/2016

2016 Metal Price Performance (YTD to Aug. 26, 2016)

Zinc +45%

Silver +35%

Gold +25%

Nickel +13%

Copper ‐2%


Zinc Market Supply Zinc mine supply has declined - Century Mine, Lisheen Mine, other

Glencore mines shut down ~ 6% of world Zn production removed China shutting zinc and lead mines in parts of Hunan province due to

safety and environmental concerns

9Source: BMO Capital Markets


TIMELINE 2007 -Jul 2014

Aug 2014 -Jul 2015

Aug 2015 -Jul 2016

Aug 2016 -Jul 2017

Aug 2017 -Jul 2018

Aug 2018 -Jul 2019

ResourceGrowth

Initial defined Ag resource at

Colquipucro

Zn discovery at Ayawilca in 2012

Feb. 2015

Initial Inferred Zn Resource (13.3Mt

@ 7.7% ZnEq)

Ag Ox Resource (14.3Moz indicated & 13.2Moz inferred)

May 2016

UpdatedInferred

Zn Resource (18.8Mt @ 8.2%

ZnEq); and

New Tin Inferred Resource (5.4Mt

@ 0.89% Sn)

Q2-Q3 2017 TBD TBD

Work Activity

11,000m drilled for Zn and

6,000m drilled forAg

6,000m drilled for Zn and 2,000m for

Ag

9,000m drilled for Zn & Sn

Q4 2016: commence

10,000 -15,000

metre drillprogram

PEA PFS / FS

Corporate

Tinka & Darwin merger July 2014

New CEO and C$5.3M equity investment by

Sentient

May 2015

C$7.2M financing (Sentient C$2.0M,

IFC C$4.5M)

Milestones and Outlook

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Zinc and Tin Mineral Resource EstimatesAyawilca (100%) – underground potential Zinc Zone Inferred Mineral Resources (May 2016):

18.8 Million Tonnes grading 8.2 % Zinc Eq. (42% increase on 2015 resource)• 5.9% Zn, 0.2% Pb, 74 g/t In, 15g/t Ag metal grades

o 2.45 billion pounds of Zinc;o 1,385,000 kilograms of Indium;o 8.8 million ounces of Silver; ando 82 million pounds of Lead

Prices: Zn: $1.00/lb, Pb: $1.00/lb, Ag: $20/oz, In: $500/kgCut-off: 5% ZnEq ~ NSR US$60/t

Prices: Sn: $9.00/lb, Cu: $3.00/lb, Ag: $20/ozCut-off: 0.45% SnEq ~ NSR US$60/t

Note: Resources estimated by Roscoe Postle Associates Inc. (RPA) of Toronto, Canada (news release of May 25, 2016)

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Ayawilca Zinc / Tin – looking south

Extensions Open

Tin Zone Inferred Mineral Resources (May 2016):5.4 Million Tonnes grading 0.89 % Tin Eq.

• 0.76% Sn, 0.31% Cu, 18g/t Ag metal gradeso 90 million pounds of Tin (41,000 tonnes);o 37 million pounds of Copper; ando 3.1 million ounces of Silver


Ayawilca Zinc Zone Resources by Area

Inferred Mineral Resources: 18.8 Mt grading 8.2% ZnEq

Notes: 1. Mineral resource estimate at May 25, 20162. Base case highlighted ~ US$60/t NSR cut off (5% ZnEq)3. See NI 43-101 report dated June 26, 2016, for details of resource estimates and assumptions

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AreaTonnage

(Mt)ZnEq(%)

Zn(%)

Pb (%)

In (g/t)

Ag(g/t)

Zn(Mlb)

Pb(Mlb)

In(000 kg)

Ag(Moz)

West 4.5 10.6 7.6 0.2 100 17 765 15 452 2.5

Central 9.5 7.4 5.2 0.2 72 13 1,094 39 685 3.9

East 4.8 7.4 5.6 0.3 52 16 587 27 248 2.5

Total 18.8 8.2 5.9 0.2 74 15 2,446 82 1,385 8.8


2016/17 Drill Program - Focus on high-grade

4200mRL

4000mRL

3800mRL

500m3600mRL

Future Adit for advanced exploration/mineral extraction

West Ayawilca

Central Ayawilca

East Ayawilca

Zinc ZoneTin Zone

Sandstone

Limestone

Phyllite

open

4200mRL

4000mRL

3800mRL

3600mRL

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Drilling to initially focus on extensions of the West Ayawilca “Chimney” High-grades: Includes 49 metres at 10.1% Zinc from 130 metres depth Mineralized extensions open, down dip and along strike


Project Map – Many untested drill targets

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Magnetics


Porphyry intrusion found at ‘Los Pinos’ 3 kilometres from Zinc Zone Opens up large area for drill testing, including ‘Zone 3’ & ‘Chaucha’

Geological Model

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Silver Mineral Resource Estimates

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Colquipucro – looking northNotes: : Resources estimated by Roscoe Postle Associates Inc. (RPA) of Toronto, Canada (news release of May 25, 2016). Mineral Resources are reported within a preliminary pit shell and above a cut‐off grade of 60 g/t Ag for High Grade Lenses, and 15 g/t Ag for Low Grade Halo. The cut‐off grade is based on a price of US$24/oz Ag. Refer to NI 43‐101 report dated June 29, 2016 for details of resource estimates and assumptions.

Class/Zone Tonnage (Mt) Ag (g/t) Ag (Moz)

IndicatedHigh Grade Lenses 2.9 112 10.4Low Grade Halo 4.5 27 3.9Total Indicated 7.4 60 14.3

InferredHigh Grade Lenses 2.2 105 7.5Low Grade Halo 6.2 28 5.7Total Inferred 8.5 48 13.2

TSXV: TK www.tinkaresources.com 17

Colquipucro Silver Deposit (Looking West)

Oxide mineralization is hosted in quartzite, near surface – open pit potential as a satellite operation

45 holes, 8,003 m drilled (2006-2014) Higher grade lenses contain 10.4 Moz Ag at 112 g/t (Indicated) and 7.5 Moz

Ag at 105 g/t (Inferred) at 60g/t Ag cut-off


District Potential

150 km2 Tinka mining claims (TK 100%)

Recent airborne magnetic survey covering entire property completed

Infrastructure including public road, power and water sources

BHP actively exploring neighbouring property

Ayawilca zinc & tin resources

Colquipucro silver resource

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Community & Environment

Ongoing partnerships with three communities - employment and training

Social engagement and sustainable development programs throughout the project area, fostering long-term relationships

Working under IFC´s guidance to implement best practices in Health, Safety, Environment and Community (HSEC)

Training programs Guinea pig breeding programs Road and drill platforms

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Proposed Exploration Program 2016-2018

Milestone 2016 2017 2018• Zinc Zone Resource

Upgrade

• Tin Zone Resource

• Silver Zone Review

• Geophysics (Heli-mag)

• Metallurgical tests

• Drilling*

• Extend drill permits

• PEA/PFS*

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*subject to results/financing


Management Team

MANAGEMENTGraham Carman President & CEO,

Director Geologist, PhD Lihir PNG, 25 years experience in mineral exploration, 15 yrs Peru experience, Ex Rio Tinto, Savage, Pasminco

Alvaro Fernandez-Baca

VP Exploration, Peru Geologist, P. Geo., APEGBC, Ex Hochschild, AQM Copper, Entrée Gold, Gitennes

Javier Escudero HSEC Manager, Peru Health, Safety, Environment, Community & Permits. Ex Goldfields

Nick Demare CFO, Director CPA, CA, officer/director, Past President of Chase Management Inc.

Mariana Bermudez Corporate Secretary 19 years experience providing corporate secretarial, corporate governance and securities regulatory compliance services

NON-EXECUTIVE DIRECTORSDavid Henstridge Founding director, geologist, 40 years worldwide experience

Yanina Barilá Sentient Group representative, MBA in finance from Buenos Aires

Mary Little Founder Mirasol Resources, Geologist, MBA, 15 years in Latin America

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Summary

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One of the largest zinc discoveries in Peru in

the last 20 years

Stable political and major mining

jurisdiction in Peru

Experienced Management Team

and Board

Zinc / tin resources expected to continue to grow in 2016 – 2017

with drilling

Company promotes sustainable

development opportunities

Supportive long term shareholders (Sentient, IFC)

Silver oxide deposit with higher grade

portion grading over 100g/t

Zinc price forecast to increase with

continued Asian demand & tight

supply

Low valuation relative to zinc and silver

peers


APPENDIX

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Ayawilca Inferred Mineral Resources at May 25, 2016

ZnEq% Cut-off

Tonnage (Mt)

ZnEq% Grade Zinc % Lead % Indium

g/tSilver g/t

3 22.3 7.5 5.5 0.2 67 134 20.9 7.8 5.6 0.2 70 145 18.8 8.2 5.9 0.2 74 156 13.1 9.4 6.6 0.2 93 167 9.5 10.4 7.2 0.2 110 17

SnEq% Cut-off Tonnage (Mt) SnEq% Grade Tin % Copper

% Silver g/t

0.25 5.7 0.87 0.73 0.30 180.35 5.6 0.87 0.74 0.31 180.45 5.4 0.89 0.76 0.31 180.55 3.8 1.06 0.91 0.36 180.65 3.2 1.15 1.00 0.36 18

Zinc Mineral Resource: 18.8 Mt grading 8.2% ZnEq

Tin Mineral Resource: 5.4 Mt grading 0.89% SnEq

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Notes: Base cases (highlighted) are reported at cut‐off grade of 5% ZnEq and 0.45%SnEq, respectively (~US$60 per tonne NSR value). Metal price assumptions were US$1.00/lb Zn, US$9/lb Sn, US$3/lb Cu, US$500/kg In, US$20/oz Ag, US$1.00/lb Pb. Metal recovery assumptions were90% Zn, 75% In, 50% Ag, and 75% Pb for the ZnEq calculation, and 85% Sn, 75% Cu, and 50% Ag for the SnEq calculation. Refer to NI 43‐101 report dated June 29, 2016, for details of resource estimates and assumptions.

TSXV: TK www.tinkaresources.com 25

Ayawilca Zinc & Tin Drill Intercepts

Drill Hole From (m) To (m) Interval

(m)Zinc(%)

Lead (%)

Silver (g/t)

Indium (g/t)

A13-05 130.3 343.2 212.9 5.34 0.17 15 83including 130.3 179.5 49.2 10.07 0.55 32 51

including 150.0 166.0 16.0 18.14 0.05 39 120and 316.0 326.0 10.0 12.93 0.02 42 670

Zinc: West Ayawilca

Drill Hole From (m) To (m)Interval

(m)Tin(%)

Copper (%)

Silver (g/t)

A15-40 328.0 378.5 50.5 1.23 0.16 15including 328.0 341.0 13.0 2.94 0.25 12including 330.0 332.5 2.5 8.81 0.18 10

A13-11 328.0 344.2 16.2 1.03 0.67 22including 330.0 332.0 2.0 4.81 2.07 77

Tin: Central Ayawilca


Mineralization I - Zinc Replacement of Limestone

Sphalerite in fractures and matrix replacement

Massive sphalerite (Zn sulfide)

A14-24 Massive Py-Sph in limestone; 350 m depth

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Mineralization II - Tin-Copper Mineralization

Massive pyrrhotite with disseminated ~1% tin, 0.3% Cu

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Tinka Resources Ltd (TSXV:TK)

Suite 13051090 West Georgia St

Vancouver, BC V6E 3V7 CANADA

Ph: +1.604.699.0202 Fax: +1.604.683.1585

CORPORATE OFFICE FOR MORE INFORMATIONDr. Graham Carman

President & [email protected]

Investor Relations ConsultantRob Bruggeman

[email protected]

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Ayawilca, Peru: A Potential World Class Zinc Discovery · PDF fileAyawilca, Peru: A Potential World Class Zinc Discovery ... Peru (Rio Tinto, Savage ... (CAD) Zinc Company Comparison