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CORPORATE PRESENTATION
May 2020
TSXV AUL
CAUTIONARY STATEMENT
2
This Presentation includes and is based information and statements, other than statements of historical fact, which are “forward-looking information” within the meaning
of applicable securities laws that could causeactual results to differ. Aurelius Minerals (the “Company”) provides forward-looking statements for the purpose of conveying
information about current expectationsand plans relatingto the future and readers are cautioned that such statements may not be appropriate for other purposes. By its
nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts,
predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be
achieved. Factors that might causeor contribute to such differences include, but are not limited to, economic conditions globally, the impact of competition, political and
economic developments in the countries in which the Company operates, regulatory developmentsdomesticallyand internationallyand changes in the exploration market
and precious metal prices. These expectations, estimates andprojections are generally identifiable by statementscontainingwords such as "expects", "anticipates",
"targets", "goals", "projects", "intends","plans", "believes", "seeks", "estimates", variations of such words, and similarexpressions. Important factors that could causeactual
results to differmaterially from those expectations include, amongothers, economic and market conditions in the geographicareas and industries that are or will be major
markets for the Company’s businesses, precious metal prices, the Company’s ability to obtain and maintain necessary licences, permits and authorizations for planned
exploration and development of its properties, includingnecessary authorizationsand consents of aboriginal interest holders, proposed work programs on the Company’s
properties, changes in governmental regulations, interest rates, fluctuations in currency exchange rates andsuch other factors as may be discussed from time to time.
The Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking
information, however there may be other factors thatcause actions, events or results not to be as anticipated,estimatedor intended.There can be noassurance thatsuch
information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Although the Company believes
that its expectations and the information in this Presentation were based upon reasonable assumptions at the time when they were made, it can give no assurance that
those expectations will be achieved or that theactual results will be as set out in this Presentation. The Company is not making any representationor warranty, expressed or
implied,as to the accuracy, reliabilityor completeness of the informationin the Presentation,and neitherthe Company norany of its directors, officers or employees will
have any liability to the reader or any other persons resulting from the reader's use of the informationin the Presentation.The Company undertakes no obligation to publicly
update or revise any forward-looking information or statements in the Presentation. The reader should consult any further disclosures the Company may make in
documents it fileswith the applicable securities regulators.
The Presentation is intended informationalpurposes only and does not replace independentprofessional judgment. Statements of fact and opinions expressed are those of
the participants individually. The information is not designed to providefinancial, tax planning, accounting, investment, business or legal advice, in any way whatsoever.
The reader should consult with a lawyer, accountantand other professionalsin respect of contents hereof. Furthermore, the information in no way should be construed or
interpreted as, or as a part of, an offering or solicitation of securities. Investors are advised to discuss any trading with a registered securities broker or personal finance
professionalprior to investing.
The technical information contained in this presentation has been reviewedand approved by Jeremy Niemi, P.Geo., who is a Qualified Person as defined under NI 43-101.
As Vice President, Exploration, Mr. Niemi is not considered independent.
2nd Largest claim holder in the
Northern Abitibi Greenstone Belt
Ontario is a top ranked mining
jurisdiction with excellent access
and infrastructure
Abitibi Greenstone Belt is the
largest greenstone belt in the
world (>180 Mozof production)
Large Land
Package in Tier1
Jurisdiction
High Grade Gold
Discovery with
tremendous upside
Recent AcquisitionofHigh-Grade past producing
mine in Nova Scotia
Mikwam project adjacent to Hecla’s
Casa Berardi mine has returned broad,
high grade intervals
26.1m @ 7.1 g/t Au in Hole Aul18 -15
Aureus properties in NS have excellent infrastructure
and access allowing our team to work year-round
Geologic setting is analogous to Kirkland Lake’s high
grade Fosterville mine
AURELIUS OPPORTUNITY
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AUREUS MINE PROJECT
AUREUS EAST is the site of a high
grade past producing mine.
Well maintained infrastructure allows
for great access year round.
Mineralization is open in all directions
AUREUS WEST presents a unique
open pit target. Drilling to date has
shown the presence of significant
mineralization that is open
for expansion
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Bendigo Gold Fields Analogue
>20M oz produced to date out of
the Bendigo gold Fields.
Folded Saddle Reef system is like
Kirkland Lake Gold’s Fosterville
mine. Currently the highest-grade
lowest cost producer globally.
Drilling to date at Aureus has been
tightly focused along 1.4km of
strike. Opportunity exists to expand
laterally into mineralized fold limbs
and at depth to discover additional
high-grade saddles.
UNDERGROUND HIGH GRADE
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FUTURE PLANS
Future Plans to Continue
Development at Aureus East
Aurelius plans to grow Dufferin East to contain 500 koz Au
Measured & Indicated. Project anticipates finding high grade
saddles at depth. Current drilling at depth only intersecting limbs.
PHASE 1 Confirm Presence of High Grade Saddles at Depth
5,000m underground drilling C$1.25M
PHASE 2 Upgrade Current Inferred Resources toM&I
8,000m surface drilling C$2M
5,000m underground drilling C$250K
PHASE 3 Upgrade High Grade Saddles at Depth to M&I
25m spacing and 10,000m of drilling C$250K
Implied Budget C$6.5M
Develop Aureus West
to confirm in pit ounces
Future plans include growing the mine to contain
250 koz Au Measured & Indicated
PHASE 1 Upgrade known area of mineralization to M&I
5,000m C$1.25M
PHASE 2 Grow deposit along strike anddepth
5,000m C$1.25M
PHASE 3 Establish M&I Resource on expanded deposit
10,000m C$2.5M
Implied Budget C$5M
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OTHER PROJECTS
Close Proximity to 58N. The Lipton
claims are contiguous to Kirkland Lake
Gold’s 58N high grade discovery south
of the Detour Lake Mine.
Two zones of anomalous gold
concentrations have been identified
in historical exploration drilling on the
Lipton property. The highest historical
gold concentrations are coincident
with the contact between sediments
and felsic tuffs.
Significant intersections from historical
programs include 10.7 g/t Au over 9.0
metres, reported in 1996; and 14.10 g/t
Au over 7.7metres, reported in 2006.
Close Proximity to Infrastructure
Tangier is located directly on the highway,
providing efficient, low cost access to
transportation.
Upside Potential of Addition High Grade
Resources in SurroundingAreas
Area B shows good grades continuing to
the west of the resources. Area C shows a
good intercept to the east of the resources.
Combined, Area B and C provide for
significant future potential for Tangier
Unmodeled, High Grade Resources
Strawberry Hill Zone to the east,
unmodeled, best intercept 13 g/t over
4.4m. Corrected, it would add additional
high grade resources and improve the
valuation of the project.
Future Exploration Potential
Based on available information, Forest
Hill veins have only been modestly
explored up – or down – dip from the
mine workings providing for future
exploration opportunities
High Grade Resources
There are a cluster of grades
discovered to the north-east of the
main trend
Cheap Resource Growth
Mines with high grade resources that
remain undrilled. Some samples appear
to be poorly taken above and below.
Checks of assays contain noerrors,
availability of assay certificates and
core confirmation could result in a
cheap, growth opportunity.
Lipton
(Northern Abitibi, ON)
Tangiers
(Nova Scotia)
Forest Hill
(Nova Scotia)
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Tangiers
4.4m @13g/t Au
ABITIBI GREENSTONE BELT
Largest Greenstone
Belt in the WorldOver 180Moz Au, 35Blbs Zn, 15Blbs Cu,
and 400Moz Ag produced to dateNumerous producing and
past producing mines
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MIKWAM PROPERTY
Strategically located along the structural
trend that cuts through Hecla’s Casa
Berardi mine (3.75Moz Reserves and
Resources), towards Osisko Mining’s
Windfall Lake (5.1Moz indicated
and Inferred)
Recent drill program intersected highest
grade broad intercept of gold in project
history (26.1m @ 7.1g/tAu)
100% of drilling intersected strong
mineralization highlighting tremendous
upside
Current Inferred Resource – 136,000 oz Au,
1.8Mt @ 2.34 gpt open for expansion in
all directions
MIKWAM 3D MINERALIZATION
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MIKWAM GEOLOGY
The Mikwam Property lies in the Harricana-Turgeon beltwithin the
northern portion of the Abitibi greenstone belt, this belt hosts
polymetallic deposits and multimillion-ounce gold depositssuch as
the Eagle mine, the Casa-Berardi mine and the Detour mine.
Recentexploration has concentrated on theA8 3200 vein system
which consists of a zone of quartz flooding, silicification, and
sulphidization which lies at or near the contact of chloritic iron
formation and either argillite or conglomerate. Medium to coarse
grained cubic pyrite and coarse grained arsenopyrite within a
highly sericitized, quartz flooded matrix comprises the bulk of the
mineralized gold zone.The best gold values tend to be associated
with pyrite containingvugs.
Mikwam and the Casa Berardi mine are both situatedon
Casa BerardiDeformation Zone (CBDZ).
MIKWAM EXPLORATION CROSS SECTION 2305E (Thickness: 40m)
AUL-18-17
AUL-18-16
AUL-18-15
AUL-18-14
AUL-18-13
AUL-18-12
AUL-18-11
AUL-18-18
26.1m @ 7.1 g/t AuIncl. 5m @ 11.8 g/t AuIncl. 1m @ 24.3 g/t Auand 7.2m @ 9.4 g/t Au
11.5m @ 8.2 g/t AuIncl. 6.5m @ 12.0 g/t Au
6.0m @ 5.3 g/t AuIncl. 2m @ 13.9 g/t Au
11.5m @ 3.0 g/t AuIncl. 5.5m @ 5.2 g/t Au
12.5m @ 0.6 g/tAu
6.5m @ 2.4 g/t Au
21.5m @ 4.2 g/tAuIncl. 5m @ 10.5 g/t Au
35.8m @ 1.6 g/tAu
8.1m @ 1.5 g/t AuIncl. 1m @ 9.9g/t Au
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CASA BERARDI DEFORMATION ZONE
The Casa Berardi Deformation
Zone (CBDZ) is a major,
subvertical regional structure
4 to 6 km wide and at least 60 km
in length. The CBDZ is crosscut
at low angle by the Casa Berardi
fault which is a brittle, schistose
zone 0.5 to 5 m thick
The structure is also responsible
for the gold mineralization
at the Casa Berardi Mine
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MIKWAM PROPERTY SCALE STRUCTURES
These folds controls orientation and periodicity
of high-grade gold zones
Property scale structure is defined by airborne
mag as a series of Z- shaped folds
MIKWAM LONGITUDINAL SECTION
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UPCOMING EXPLORATION
PHASE 4
Expand deposit based IPSurvey
10,000m C$2M
PHASE 5
Establish a Revised 43-101resource
of >750koz M&I
10,000m C$2M
NI 43-101 C$250K
Implied Budget C$4.25M
MIKWAM EXPLORATION CROSS SECTION 2275E (Thickness: 20m)
AUL-18-06
16.1m @ 0.7 g/tAu
Incl. 9m @ 1.1 g/t Au
AUL-18-07
AUL-18-19
22m* @ 3.7 g/t Au
Incl. 10m @ 7.2 g/t Au
Incl. 1m @ 30.2 g/t Au
*hole ended inmineralization24.5m @ 2.3 g/t Au
Incl. 4m @ 3.8 g/t Au
And 9.4m @ 3.3 g/t Au
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EQUITY STRUCTURE AND CAPITALIZATION
CAPITALIZATION AND BALANCE SHEET (C$)
Share Price $0.075
Basic Shares Outstanding 151.31M
Options Outstanding 8.69M
Warrants Outstanding 68.39M
Basic Market Capitalization $11.3M
Cash ~$1.0M
Total Debt –
TOP 5 SHAREHOLDERS
Sprott Inc.
Marquest Mutual Funds
Sentry Investments
Mark Ashcroft
US Global Investors
Total Institutional ~35%
17%Friends and Family
16
3.5%Marquest Mutual Funds
5.2%Sentry Investments
AURELIUS OWNERSHIP
19.9%Sprott Inc.
42.4%Other
12%Board and Management
Management
30 years of experience in the global miningindustry and the
North Americanand Europeandebt and equity markets.
Mark served asPresident andChief Executive Officeranda Director
of StonegateAgricomLtd. from August 2008to September 2014.
Mr. Ashcroftwas a memberof the Mining andMetalsTeam atStandard Bank’s New York office and Barclays Capital in London
before becomingManaging Director andHead of investmentbanking
for a boutique institutional firm in Toronto where he became
ManagingDirector andHead of Investment Banking.
As a professionalengineer Mark has workedin variousoperating
roles in Northand South America andAustralia withVale
(formerly Inco).
Mark holds his Bachelor of Engineering (Mining) from Laurentian
University and a Master’sof Science (Finance, Regulationand Risk
Management) from the ISMACentre of theUniversity of Reading.
20 years of extensive financial and commercial experience
predominantly in the mining and resource industry, successfully
leading financeteamsthroughdifferent stagesof project financing,
construction andoperations.
Ms. Coombs previously was theVicePresident andChief Financial
Officer for StonegateAgricomLtd. and was responsiblefor
overseeing its IPO.
Ms. Coombs is a chartered professional accountant and certified
management accountantand holdsa Bachelor ofCommercefrom
Memorial University of Newfoundland.
+30 years of in-houselegal andcorporate secretarial experience
in the miningsector.
Previously as Vice President,Secretary and General Counselfor
Stonegate AgricomLtd.Was instrumentalin its IPO.
Was Assistant Secretary of Thompson Creek Metals Company Inc.
from May 2007 to May 2011(acquiredby Centerra Gold in a deal
valued at $1.1B USD).
Ms. MacGillivray received undergraduatedegrees from MountAllison UniversityandQueens Universityand earned her LL.B. from
the University of New Brunswick before being called to the bar by
The LawSociety of Ontario in 1983.
Geologist with +20years ofprogressively seniorexperience
in miningexplorationand development.
Prior to joining Aurelius Minerals Mr. Niemi successfully increased
resources and reserves at both GoldQuest and Noront Resources
where he also servedas VP, Exploration.
Mr. Niemi is a member of the Association of Professional
Geoscientistsof Ontarioand holdsa BScHonoursdegree
in Earth Sciencesfrom Laurentian University.
Geologist with +10years of progressively senior industry and
capital marketsexperience.
Prior to joiningAurelius Minerals, as theDirectorof CorporateDevelopment for GTGoldwas involvedin raisingover $30Mdolars
and attracting a strategic investmentby NewmontMining.
Previous to this, Mr. Singh was a mininganalystat a boutique
mining-focused investment bank inToronto.
Mr. Singh holds a BSc(Hons) in Geology from the University
of Toronto.
Mark Ashcroft, P. Eng.
President & Chief Executive Officer
Jeremy K. Niemi, P.GEO.
VP, Exploration
Germaine Coombs, CPA, CMA
Chief Financial Officer, VP, Finance
Lorna McGilvary,LL.B
Corporate Secretary
Amandip SinghVice President, CorporateDevelopment
Please contact:
Mark NJ Ashcroft, P. Eng., President and CEO
Mobile: +1 (416) 666-7025
Office: +1 (416) 304-9095
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APPENDIX