TSX: MEOTC: MPUCF I XETRA: MOP

Investor Presentation

June 2020

HIGH GRADE GOLD IN THE TIMMINS CAMP

OTC: MPUCF; Xetra: MOPTSX : ME

Forward-Looking Statements

2

This presentation contains forward-looking information and forward-looking statements, collectively “forward-looking statements”. All

statements, other than statements of historical fact, that address activities, events or developments that the Company believes,

expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration programs,

potential mineralization, future plans and objectives of the Company, updated to the mineral resources, and the timing and results

thereof) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company

based on information currently available to the Company.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to

differ materially from th:ose discussed in the forward-looking statements, and even if such actual results are realized or substantially

realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could

cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the

availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations

affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other

risks involved in the mineral exploration industry.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities

laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information,

future events or results or otherwise. Although the Company believes that the 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.

Gary O’Connor, FAusIMM is a qualified person under NI 43-101 and has reviewed and approved the contents of this presentation.

TSX : ME

Overview of Moneta

3TSX : ME

Ontario Focused Gold Explorer in the Timmins Camp

Excellent Neighbourhood:

FLAGSHIP ASSETGolden Highway Project

Latest Resource in District

• Significant increase in resource

• 58% growth(1) in November 2019

• Regional scale potential

1) In the Indicated resource category. Inferred resource category increased by 40%.

• New Updated Resource

• Significant high-grade resource

• Preliminary Economic Assessment underway; results in 2020

• No royalties or encumbrances

Newmont, Pan American Silver, McEwen Mining, Osisko Mining and Kirkland Lake Gold

Moneta’s Highlights

4TSX : ME

Golden Highway Project has a Current Resource 1 of 556,500 ozs (3.82Mt @ 4.53 g/t Au) Indicated & 1,174,000 ozs (8.74Mt @ 4.31 g/t Au) Inferred

Updated November 201950% increase in contained ounces Open in all directions with excellent potential for expansion

• 100% Ownership of Major Land Package consisting of 6 Gold Projects along the Prolific Destor-Porcupine Fault Zone (DPFZ)

Existing Infrastructure to Support Future Gold Production Scenarios• Good Neighbours: Newmont-Goldcorp, McEwen Mining, Pan American Silver,

Osisko Mining and Kirkland Lake Gold

• 50% Ownership of Garrison Project JV with Kirkland Lake Gold

• Existing Infrastructure to Support Future Gold Production Scenarios

1. November 15, 2019 Micon International Limited NI 43-101.

• No royalties or encumbrances over resources

Corporate Information

5TSX : ME

Shares Outstanding 311.5 Million 52 Week RangeHigh: $0.18Low: $0. 06

Options ($0.22)Warrants ($0.16)

17.3 Million1.5 Million

June 5, 2020

Current Share Price $0.155

Fully Diluted 330.3 Million Market Capitalization $48.3MM

Insiders have acquired shares in the last 12 months

Institutional Shareholders

Mackenzie Funds Eric Sprott

Sprott Funds K2

Dundee US Global

Analyst Coverage

Kerry Smith Haywood

George Topping IAG

Don Blyth Paradigm

Cash Position $2.9MM

Debt Nil

Leadership: Management & Directors

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Management Team:

Gary O’Connor CEO & Chief Geologist

Ian Peres President & CFO

Board of Directors:Kevin Heather Independent Director

Rod Cooper Independent Director

Alex Henry Independent Director

Patricia Sheahan Independent Director

Mark Wayne Independent Director

Warren Bates Independent Director

Josef Vejvoda Independent Director

Successful Track Record in Exploring, Developing and Producing

Team experience includes:

6 Gold Projects In The Timmins Camp

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• Timmins Gold Camp has produced >80Moz Gold over the last 100 years• Canada’s most prolific gold producing camp• 618km2 land package along the DPFZ• Adjacent to operating mines with under-utilized mills• Excellent infrastructure (roads, power and local workforce)

Golden Highway Project

8TSX : ME

Summary

Large Archean Orogenic Gold System

Deposit Type Archean Greenstone deposits

Size and Scale

• Large open system; resources over ~4km strike • Several drill targets identified over additional 4km• Regional scale potential over 12km strike of BIF• Plus ultramafic/mafic hosted deposits

Grade

• High grade mineralized structural setting• Defining high grade extensional veins• Readily able to expand high grade structures• Underground resource model

Current Resource 1556,500 oz of Indicated (3.82 Mt @ 4.53 g/t Au)1,174,000 oz of Inferred (8.47 Mt @ 4.31 g/t Au)

1) See NI 43-101 technical report dated February 2019 for details

Golden Highway Project

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New Geology

Major jog in DPFZ• Several splays of the DPFZ• >12km strike length • Transgressive basin

Sedimentary Basin• Timiskaming age clastics• Extensional regime

Mafic/Ultramafic • Splays along DPFZ• Structural settings

Drilling• 74,000 m of new drilling

Same sequence and age of units as Timmins Camp

Mineral Resource Estimate by Deposit

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Golden Highway ProjectAs at November 2019 (Prepared by Micon International), reported at a 3.00 g/t Au cut-off

Indicated Inferred

DepositTonnes

(t)Grade

(g/t Au)Ounces

(oz)Tonnes

(t)Grade

(g/t Au)Ounces

(oz)

South West 3,239,000 4.53 472,000 7,601,000 4.32 1,056,500

WJ South 364,000 4.19 49,100 173,000 4.59 25,500

“55” Zone 216,000 5.11 35,400 327,000 4.31 45,300

WJ North - - - 265,000 3.80 32,400

Discovery - - - 108,000 4.12 14,300

Total 3,819,000 4.53 556,500 8,474,000 4.31 1,174,000

• Top capping by deposit on 1m composites varying from 6 g/t Au to 37 g/t Au• Minimum 1.50 m width. Constrained to geological wire frames • At US$1,250/oz Gold Price, 60 m search radius• Ordinary kriging, 5m x 5m x 10m parent blocks with sub-blocking• Variable bulk densities, averaging 2.78 t/m3

South West Mineral Resource Update

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November 2019 comparison with January 2019 by Category

*Includes West Block

Resource estimate by Terry Hennessy of Micon International, November 20193g/t Au cut-off

Indicated Inferred

Resource Tonnes Grade Ounces Au Tonnes Grade Ounces Au

Date (t) (g/t) (oz) (t) (g/t) (oz)

January 2019 2,007,000 4.63 298,900 5,583,000 4.21 755,800

November 2019 3,239,000 4.53 472,000 7,601,000 4.32 1,056,500

Difference + 1,232,000 + 173,100 + 2,018,000 + 300,700

Percentage + 61% + 58% + 36% + 40%

Resource: Selectivity by Cut-Off Grade

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South West Deposit; Mineral Inventory

• 7.2% of tonnes in isolated blocks removed from resource estimate• 5.4% of ounces in isolated blocks removed from resource estimate

See NI 43-101 technical report dated February 2019 for details

Unclassified Mineral Inventory

Cut-off Tonnes Grade Ounces

(g/t) (t) (g/t) (oz)

5.00 2,377,000 6.56 501,200

4.50 3,302,000 6.04 641,600

4.00 5,177,000 5.40 898,700

3.50 7,872,000 4.83 1,221,300

3.00 11,298,000 4.34 1,577,200

2.50 16,109,000 3.86 2,000,100

2.00 25,005,000 3.28 2,636,700

1.50 40,005,000 2.70 3,476,200

1.00 57,643,000 2.25 4,175,000

0.50 74,696,000 1.91 4,596,200

South West Geology

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Golden Highway Project

Updated Interpretation

Host• 3 x BIF units• One favourable host• Coarse sandstone

Veins• Extensional• Steeply dip to SW• Strike NNW• Drilled to 1,200 m• Veins up to 25m wide• Up to 400m strike length• Alteration/vein type

Resource Geology: Cross Section View

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Golden Highway Project

• Focus has been on South West• Shallow and limited drilling at “55” & Windjammer South• New resource in November 2019• 50% increase in ounces• West Block and Gap extensions included

Exploration Potential

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• New discoveries at Westaway,Halfway & South BIF

• Additional targets at Dyment 3 and Western targets

• 8km of 12km BIF strike length

• Another 4km not tested

Golden Highway Project

New gold vein systems hosted in Timiskaming sediments

Halfway 2019 drilling:1.80 m @ 7.48 g/t AuInc. 0.77 m @ 15.50 g/t Au3 new zonesWestaway 2019 drilling:

5.25 m @ 6.30 g/t Au& 4.25 m @ 5.77 g/t Au12 new zones

Comparable Company Valuations

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Moneta Porcupine; Golden Highway Project

“5.56”: Grade of deposit (g/t Au)

15.00

0.67

6.27

7.37

0.64

5.56

7.52

5.58

6.148.58

1.87

6.100.91

4.38

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

7.0

7.5

8.0

05010015020025030035040045050055060065070075080085090095010001050

Resource(Moz)

Market Cap($Million)

Market Cap Resource

Precedent Transactions

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Moneta Porcupine; Golden Highway Project

5.67

3.19

4.66

8.51

5.18 6.048.69

5.38

1.66

1.37

0.90

13.64

5.33

4.38

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

7.0

$0.00

$50.00

$100.00

$150.00

$200.00

$250.00

$300.00

$350.00

$400.00

$450.00

$500.00

Richmont Mines

(Alamos Gold)

Klondex (Hecla

Mining)

Lakeshore Gold (Tahoe Resources)

Claude Resources

(Silver Standard

Resources)

Probe Mines

(Goldcorp)

Queenston Mining (Osisko)

Integra Gold Corp

(Eldorado Gold)

AVERAGE Romarco (Oceana

Gold)

Kaminak (Goldcorp)

Trelawney Mining

(Iamgold)

Dalraidian (Orion)

Barkerville (Osisko)

Moneta porcupine

Total Resource(Moz)

Precedent Transactions Comparison (Price$/oz)

C$/oz Total Resource (oz) “5.56”: Grade of deposit (g/t Au)

TSX : ME

Steady Progress Throughout 2019

18

• Completed new NI43-101 new resource estimate and technical report on Golden Highway Project

• Mr. Eric Sprott increases investment in Moneta Porcupine to 9%

• Completed financings for proceeds of $6.2MM

• Signed and executed exploration agreement with Wahgoshig First Nation

• Completed a 10,000 m drill program that expanded total resources by 58% in the indicated category and by 40% in the inferred category at South West

• Current resource increased by 473,800 gold ounces in 2019 (+173,100 ounces indicated and +300,700 ounces inferred).

Golden Highway Project

2020 Plans & Objectives

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• 2020 January - March Drill Program of 18,000 metres

• Drill extensions of West Block resource to the west

• Drill test expansion potential at “55” and Windjammer South

• Test new Halfway and Westaway targets

• Test new exploration targets

• Gold recovery test-work: Improved to 94%-95.5%

• Continue to de-risk project

• Update new resources as required

• PEA in progress for South West deposit

• 2020 Fall/Winter Drill Program

Expand and De-risk Mineral Resource Estimates

Golden Highway Project

TSX : ME

Pathway to Production*

20

2017-2020

Successful financings and strong balance sheet $2.9MM

in cash

Increased resources by 58% and 40% to 1.8 million gold

ounces in 2019

2020 winter/spring drill program completed

Commenced Preliminary Economic Assessment(“PEA”)

Study

Environmental Base-Line underway

Additional drill program planned for Q3/Q4 for

resource expansion

2020-2022Continue drill programs onGolden Highway Project to

expand resources

Complete PEA in 2020 and announce results

Evaluate potential to build Moneta mill or ship feed to one of six mills with excess

capacity

New discoveries at Westaway & South BIF

Resource expansion at Windjammer South

Complete pre-feasibility study. Commence feasibility

study

Build decline ramp in advance of potential

production

* Estimated timeline. Forward looking statements - there can be no assurance that each or any of these objectives will be completed.

2022-2032

Production could commence at South West deposit

Production estimated for up to 10 years at 80,000 ounces

of gold per year

Continue to expand drilling and resources on additional 8

kilometres of prospective land

Advance the joint venture project with Kirkland Lake

Gold

Investment Highlights

21TSX : ME

Ontario Focused Gold Explorer in the Timmins Camp

Excellent Neighbourhood:

Golden Highway Project

Latest Resource in District

• Significant increase in resource

• 58% growth(1)

in November 2019

• Regional scale potential

• Short time-line to production

1) In the Indicated resource category. Inferred resource category increased by 40%.

• Safe jurisdiction

• Expanding resource base

• Significant high-grade resource

• No royalties or encumbrances

• PEA to be completed in 2020

Newmont Goldcorp, Pan American Silver, McEwen

Mining, Osisko Mining and Kirkland Lake Gold

22TSX : ME

CORPORATE CONTACT

Moneta Porcupine Mines Inc.65 Third AvenueTimmins ON P4N 1C2

Tel: 1-705-264-2296 | TimminsTel: 1-647-456-9223 | Toronto

Email:larmstrong@monetaporcupine.com

monetaporcupine.com

TSX : ME