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HASBROUCK GOLD PROJECT TSX-V : WKM OTCQB: WKLDF 2018-04-10-WKM-CORPORATE- PRESENTATION WKMINING.COM TSX-V: WKM OTCQB: WKLDF CORPORATE PRESENTATION APRIL 10,2018 WKMINING.COM OPEN PIT NEVADA GOLD HASBROUCK PROJECT & DISTRICT EXPLORATION

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Page 1: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

TSX-V: WKM

OTCQB: WKLDF

C O R P O R AT E P R E S E N TAT I O N

A P R I L 1 0 , 2 0 1 8

W K M I N I N G . C O M

OPEN PIT

NEVADA GOLD

HASBROUCK PROJECT &

DISTRICT EXPLORATION

Page 2: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

DISCLAIMER AND FORWARD-LOOKING STATEMENTS

HASBROUCK PROJECT PRE -FEASIB IL ITY STUDY AND MINERAL RESERVE EST IMATE

T h is p resentat ion has been p repared by West K i rk land Min ing Inc . ( “West K i rk land” , “WKM” o r the “Company” ) . T he Hasbrouck Pro jec t Pre feas ib i l i t y S tudy and Minera l Reserve Es t imate (September 2016) w ere p repared by Mine Deve lopment Assoc iates ( “MDA” ) , w i th p r inc ipa l authors be ing T om Dyer , P .E . and Pau l T ie t z , C .P .G . o f MDA, and w i th cont r ibut ions f rom Herb Osborne o f H .C . Osborne & Assoc iates , Meta l lu rg i ca l Eng . , SME (meta l lu rgy ) , R yan B aker , P .E . o f New f ie lds ( c iv i l and heap leach) and Car l De f i l ipp i , SME o f Kappes Cass iday & Assoc iates (meta l lu rgy and p rocess des ign) . Each afo rement ioned person is a "Qual i f ied Person" under Nat iona l Ins t rument 43 -101 - Standards o f D isc losure fo r M inera l Pro jec ts ( “N I 43 -101” ) and has rev iew ed and approved the in fo rmat ion in th is presentat ion re levant to the por t ion o f the Hasbrouck Pre feas ib i l i t y S tudy fo r w h ich they are respons ib le . MDA has rev iew ed and ver i f ied the data d isc losed in presentat ion to be in confo rmi t y w i th genera l l y accepted C IM “Es t imat ion o f Minera l Resource and Minera l Reserves B est Pract i ces” gu ide l ines and in accordance w ith N I 43 -101 .

FORWARD-LOOKING INFORMATION

T h is p resentat ion conta ins fo rw ard - look ing in fo rmat ion o r fo rw ard - look ing s tatements ( co l lec t i ve ly , “ fo rw ard - look ing in fo rmat ion ” ) w i th in the meaning o f app l icab le secur i t ies laws . Fo rward - look ing in fo rmat ion is t yp ica l l y ident i f ied by words such as : “be l ieve” , “expect ” , “ant ic ip ate” , “ in tend” , “es t imate” , “postu late” and s im i lar exp ress ions , o r are those , w h ich , by the i r nature , re fe r to fu ture events . Fo rw ard - look ing in fo rmat ion in th is p resentat ion inc ludes , w i thout l im i ta t ion , the s tatements regard ing the ab i l i t y t o ach ieve the recover ies and the p rocess ing capac i t y o f the m ines ; regu lato ry p rocesses and permi t t ing ; es t imates o f go ld o r o ther m inera ls g rades ; ant ic ipated cos ts , ant ic ipated sa les , p ro jec t economics , the rea l i zat io n o f expan s ion and const ruct ion ac t iv i t ies and the t im ing thereo f ; p roduct ion es t imates and o ther s tatements that are no t h is to r ica l fac ts . I n fo rmat ion concern ing m inera l r ese rve es t imates and the economic ana lys i s thereo f conta ined in the p re feas ib i l i t y s tudy are a lso fo rw ard - look ing in fo rmat ion in that they re f lec t a p red ic t ion o f the m inera l i za t ion that w ou ld be encountered , and the resu l t s o f m in ing i t , i f a m inera l depos i t w ere deve loped and m ined . A l though West K i rk land be l ieves tha t such t im ing and expenses as se t out in th is p resentat ion are reasonab le , i t can g ive no assurance that such expectat ions and es t imates w i l l p rove to be co r re c t . T he Company caut ions inves to rs that any fo rw ard - look ing in fo rmat ion p rov ided by the Company is no t a guarantee o f fu ture resu l t s o r per fo rmance , and that ac tua l resu l t s may d i f fe r mater ia l l y f rom those in fo rw ard - look ing in fo rmat ion as a resu l t o f var ious fac to rs , inc lud i ng , but no t l im i ted to , the s tate o f the f inanc i a l markets fo r the Company 's equ i t y secur i t ies , the s tate o f the market fo r go ld o r o ther m inera ls that may be p roduced genera l l y , s ign i f i c an t increases in any o f t he mach inery , equ ipment o r supp l ies requ i red to deve lop and operate a m ine , a s ign i f i ca nt change in the ava i lab i l i t y o r cos t o f the labor fo rce requ i red to operate a m ine , a s ign i f i c a nt inc reases in the cos t o f t ranspor tat ion fo r the Company ’s p roducts , var ia t ions in the nature , qua l i t y and quant i t y o f any m in era l depos i t s that may be located , the Company 's ab i l i t y t o ob ta in any necessary permi ts , consents o r author i zat io ns requ i red fo r i t s ac t i v i t ies , t o ra ise the neces sary cap i ta l o r to be fu l l y ab le to imp lement i t s bus iness s t ra teg ies and o ther r i sks assoc iated w i th the exp lo rat ion and deve lopment o f m inera l p roper t ies . T he reader i s re fe r red to the Company 's pub l ic f i l ings fo r a more comple te d iscuss ion o f such r isk fac to rs and the i r po tent ia l e f fec ts w h ich may be accesse d t h rough the Company 's p ro f i le on SEDAR at www.sedar . com.

CAUTIONARY NOTE TO U .S . INVESTORS REGARDING THE USE OF MINING TE RMS

T h is p resentat ion has been p repared in accordance w i th the secur i t ies law s in e f fec t in Canada, w h ich d i f fe r f rom the requ i re ments o f U .S . secur i t ies law s . Un less o therw ise ind icated , a l l reserve es t imates inc luded in th is p resentat ion have been p repared in accordance w i th N I 43 -101 and the Canad ian Ins t i tu te o f Min ing , Meta l lu rgy , and Pet ro leum Def in i t ion S tandards on Minera l Resources and Minera l Reserves . N I 43 -101 is a ru le deve loped by the Canad ian Secur i t ies Admin is t ra to rs w h ich es tab l ishes s tandards fo r a l l pub l ic d isc losure an issuer makes o f sc ient i f i c and techn ica l in fo rmat ion concern ing m inera l p ro jec ts . Canad ian s tandards , inc lud ing N I 43 -101, d i f fe r s ign i f i ca nt l y f rom the requ i rements o f the U .S . Secur i t ies and Exchange Commiss i on ( the “SEC” ) Indust r y Gu ide 7, and resources and reserve in fo rmat ion conta ined here in may no t be comparab le to s im i lar in fo rmat ion d isc losed by U .S . comp anies . I n par t icu lar , and w i thout l im i t ing the genera l i t y o f the fo rego ing , “ resources” o r “ reserves” es tab l ished under N I 43 - 101 s tandards may no t qua l i f y as “ re sources” o r “ reserves” under U .S . s tandards . Under U .S . s tandards , m inera l i zat io n may no t be c lass i f ied as a “ reserve” un less the de te rm inat ion has been made that the m inera l i zat ion cou ld be economica l l y and lega l l y p roduced o r ex t rac ted at the t ime the reserve de te rm inat ion is made . I n add i t ion , under U .S . s tanda rds , a “F ina l” o r “B ankab le” feas ib i l i t y s tudy is requ i red to repor t reserves , the th ree - year h is to r ica l average p r ice is used in any reserve o r cash f low an a lys is to des ignate reserves and the pr imary env i ronmenta l ana lys is o r repor t must be f i led w i th the appropr ia te governmenta l author i t y . D isc losure o f “conta ined ounces” in a resource is permi t ted d isc losure under Canad ian regu lat ions ; how ever , the SEC normal l y on ly permi ts i ssuers to repor t m inera l i zat io n that does no t cons t i tu te “ reserves” by SEC standards as in -p lace tonnage and g rade w i thout re fe rence to un i t measures . Accord ing ly , in fo rmat ion concern ing minera l depos i t s se t fo r th in th is p resentat ion may no t be comparab le w i th in fo rmat ion made pub l ic by companies that repor t in accordance w i th U .S . s tandards .

T h is p resentat ion has rev iew ed and ve r i f ied by Sandy McVey P .Eng . , West K i rk land Min ing ’s Ch ie f Operat ing Of f ice and a qua l i f i ed person as de f ined by N I 43 -101.

1

Page 3: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

HASBROUCK PROJECT

LOW-RISK GOLD IN MINING-FRIENDLY NEVADA

Low-strip open-pit, heap-leach – a simple project

Fully-permitted Phase-1 - 12 month construction time

762,000 gold ounces Mineral Reserve

US$47m initial capital

US$120m NPV, 43% IRR (@US$1,275 gold)

Strong management & board and strong institutional support

2

Page 4: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

HASBROUCK – ATTRACTIVE UPSIDE POTENTIAL

Highly-leveraged to gold price (65% IRR @ US$1,500/oz Au)

New District Consolidation – strong exploration potential

NEW Targets At Surface – 1600’ Exposed Au + Intercepts

CLEAR STRATEGY - Add ounces/ force value-recognition – BUILD IN RIGHT GOLD MARKET

Trading at US$30 /gold Resource ounce, LARGE discount to other gold developers in the region – WKM also has permits to build and produce

ADDING OUNCES FROM A NEW PIT – CAN BE RECOVERED EARLY TO SAME HEAPS AND CAPITAL FOOTPRINT –ADDING TO RETURNS

3

Page 5: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

LOCATION

4

Page 6: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

HASBROUCK LAND

PACKAGE

ORIGINAL LAND PACKAGE

– 13,000 ACRES

(DARK BLUE)

ACQUIRED LAND PACKAGE

– 3,700 ACRES

(L IGHT BLUE, GREY)

5

Page 7: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

HASBROUCK GOLD PROJECT – 2016 PRE-FEASIBILITY KEY DATA

6

Three Hills Mine

Hasbrouck Mine

Total Hasbrouck

ProjectReservesGold Grade (g/t) 0.62 0.57 0.58Ore (million tons) 10 36 45Gold (kOz Gold Equivalent) – P&P Reserves 175 610 784MiningAnnual Ore (million tons) 5 6 6Processing Rate (tons per day) 15,000 17,500 16,000Stripping Ratio (waste:ore) 0.9 1.1 1.1ProcessingGold Recovery (%) 81.5% 74.0% 75.7%Gold Produced (kOz Gold Equivalent) 142 452 594Average Annual Gold Production (kOz AuEq) 69 74 74Capital CostsInitial Capex (Three Hills build) (US$ million) 47 - -Adjusted Operating Cost (US$/ounce Au) 502 714 661All-in Sustaining Cost (AISC) (US$/ounce Au) 510 774 709Mine Life (year) 2 7 9Gold Price Assumption (US$/oz) 1,275 1,275 1,275NPV (5%) - after tax (US$ million) - - 120IRR - after tax - - 43%

Gold equivalency based on US$1,275/oz gold and US$18.20/oz silver. See Press Release dated Sep. 1, 2016 and supporting technical report filed on www.sedar.com

Page 8: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

VALUE ADDITONS SINCE 2016 PFS

Nov 2016: Hill of Gold property leased

Jan 2017: Commenced Hasbrouck Mine permitting

Feb 2017: Water rights leased

May 2017: LLC (joint venture) agreement signed with Waterton

May 2017 Waterton participation in project costs 25%

May 2017: Acquired a 1.1% NSR royalty at Hasbrouck from Newmont

to WKM Account , US$ 9.5M

Dec 2017: Leased Gold Mountain from Tonopah Divide Mining

Company

Feb 2018: Announced large surface target outline at Gold Mountain

7

Page 9: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M 8

HASBROUCK PROJECT GOLD SENSITIVITY

• 100% Project Basis

The PFS economics and sensitivity table do not reflect the potential value from the

1.1% NSR royalty on Hasbrouck, nor any economic benefit of the Hill of Gold deposit

and resource growth potential from Gold Mountain

NPV increases 66% from an 18%

increase in gold and silver prices

Page 10: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

LOW VALUATION PER RESERVE OUNCE

9

Notes:

1. Refer to Press Release dated September 1, 2016, and supporting technical report filed on www.sedar.com for full details on West Kirkland.

2. Based on publicly available information from company websites as of Jan. 12, 2018

3. Comparable group includes companies with advanced gold projects in the Americas, amenable to open pit mining and heap leaching

4. Valuation based on reported reserves or resources, if reserves are not available

5. Resources include only Measured and Indicated categories, not Inferred

$381

$175

$124 $113

$55 $30

$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

Gold Standard Northern Vertex Corvus Gold Pershing Gold Victoria Gold West Kirkland

En

terp

rise

Va

lue

pe

r R

ese

rve

/R

eso

urc

e A

u E

q

ou

nce

(U

SD

)

Comp. average (excluding Gold Standard) $117

Resources ReservesReserves Resources Reserves ReservesNevada NevadaArizona Nevada Yukon Nevada

Based on:

Location:

Page 11: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

COMPARISON TO OTHER DEVELOPERS IN REGION

10

$112$102 $100

$26

$-

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

Pershing Gold Rye Patch Gold Northern Vertex West Kirkland

Ma

rke

t C

ap

ita

liza

tio

n (

CA

D$

millio

ns)

Company Project StageMining & Flowsheet

Owner-ship

Mine Life (years)

Average Stripping

Ratio

LOM Au Eq Prod'n (koz)

Initial Capex

(US$M)

Study Au price

(US$/oz)

Post-Tax NPV

(US$) IRR

Pershing Gold PFS ,Construction Open pit HL 100% 5.6 3.8 532 23.6 1250 126 85%

Rye Patch Gold PEA, Construction Open pit HL 100% 8.5 1.5 613 28.9 1000/1150 56 34%Northern Vertex FS, construction Open pit HL 100% 10.0 1.9 361 61.6 1250 93 53%West Kirkland PFS, permitting Open pit HL 75% 8.8 1.1 594 46.7 1275 120 43%

Relief Canyon, Nevada

95koz AuEq per year

AISC USD $802/oz

Florida Canyon, Nevada

72koz AuEq per year

AISC USD $887/oz

Moss Project, Arizona

36koz AuEq per year

AISC USD $603/oz

Hasbrouck, Nevada

74koz AuEq per year

(100% basis)

AISC USD $709/oz

* Data as at Jan. 12, 2018, based on company websites and public filings on www.sedar.com.

See refer to Press Release dated September 1, 2016, and supporting technical report filed on www.sedar.com for full details on West Kirkland

Page 12: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M 11

HASBROUCK GOLD PROJECT ANNUAL PRODUCTION

Page 13: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

EXPLORATION & GROWTH

12

Added land has excellent potential for

Mineral Resource growth

HILL OF GOLD

• Historic Resource (MDA, 1996)

• similar geology to Three Hills

• 2018 outcrop sample returned 5

ft grading 31.7 g/t Au and 17 g/t

Ag

GOLD MOUNTAIN

• high-grade silver & gold mining

took place from 1902 to 1948

• Surface sampling at high elevation

identifies drill targets over 1600’

Page 14: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

EXPLORATION TARGETS - DISTRICT POTENTIAL

13

Page 15: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

OPEN INTERCEPTS OF

1.23 G/T -100 FT

0.51 G/T -105 FT

DRILL TARGET NORTH

OF HISTORIC

RESOURCE

KEY SIEBERT

FORMATION OPEN

HOST ROCKS

14

EXPLORATION AT HILL OF GOLD

Page 16: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

EXPLORATION AT GOLD MOUNTAIN

15

Page 17: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

EXPLORATION AT GOLD MOUNTAIN – HISTORIC SAMPLING

DID NOT TEST SUB-HORIZONTAL SURFACE

16

HISTORIC

SAMPLING

89 SAMPLES

1,600 LINEAR

FT

0.7 G/T

AVERAGE

Page 18: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

EXPLORATION AT GOLD MOUNTAIN NEW SAMPLING

17

NEW

SAMPLING

SHOWN AS BLACK DOTS

325 SAMPLES

6,500 LINEAR FT

ASSAYS PENDING

Page 19: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

EXPLORATION AT GOLD MOUNTAIN NEW SAMPLING

18

HASBROUCK-STYLE

ALTERATION

SIEBERT

FORMATION –

GOOD

POTENTIAL

HOST

SUB-HORIZONTAL

STRUCTURE

Page 20: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

Gold Mountain Historic Drilling & Sampling (Looking South)

J

J’ F’

F

Silicified Oddie-Siebert contact

G’

G19

Page 21: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

Gold Mountain Cross-Section G-G’ (Looking East) N S

Legend

! Strongly Silicified

k Moderately Silicified

D Weakly Silicified

( Drill Collar Bedding

Drill Trace

Drill Trace (Off-section)

! ! Faulted Vein

Inferred Fault

Post Mineral Fault

Tunnel Trace

Gold Interceptgpt Au / feet

Qc Alluvium

Tft Fraction Tuff

To Oddie Rhyolite

Ts Siebert Fmn Volcaniclastics

Tsbx Siebert Fmn - Pyroclastic Breccia

Tst Siebert Fmn - Rhyolitic Tuff

Lithology

0.68/55’

0.21/10’

0.35/15’

Grab samples

3.15 – 27.5

g/t

(100’ to East, off section) 520’ continuous

outcrop channel sampling @ 0.51g/t

3 Grab samples along

silicified ridge @ 1.24 g/t

20

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

Gold Mountain Cross-Section F-F’ (Looking East)

N S

0.60/35’

0.54/25’

0.41/45’

0.51/10’

0.33/10’

1.48/90’

0.37/25’

0.40/60’

0.28/10’

0.44/15’

0.39/10’

0.34/10’

0.27/5’

0.26/10’

0.22/20’

0.27/20’

0.22/5’0.27/10’

0.27/5’

4 Grab samples @ 1.30 g/t

Drillhole collared in

unsilicified and

unmineralized

Siebert

(100’ to West, off section) 520’ continuous

outcrop channel sampling @ 0.51g/t

Section crosses 60’ of

continuous channel

sampling @ 0.36 g/t

Several grab samples on

silicified ridge @ 0.66 g/t

ranging from 0.14-1.75 g/t

21

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

Gold Mountain Cross-Section J-J’ (Looking East)

N S

0.31/30’

0.27/5’

0.55/5’

1.19/20’

0.31/5’

0.31/10’0.38/5’

0.37/5’

0.46/50’

0.33/10’

1.44/5’

1.22/195’

0.31/5’

0.38/15’

* DR-01 ~300ft off section to the West * 180’ continuous outcrop channel sampling @ 0.95g/t

High grade grab samples

on silicified ridge 4-11

g/t

100’ continuous outcrop

channel sampling @ 1.49g/t

Grab sample 2.75g/t

Grab sample

17.85g/t

22

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

CONCLUSIONS

HIGH MARGIN RESERVES WITH LOW VALUATION

LOW CAPEX PROJECT

US$120m NPV, 43% IRR (@US$1,275 gold)

EXPLORATION TARGETS WELL OUTLINED

STRATEGY TO ADD OUNCES – FORCE VALUE

RECOGNITION

BUILD PROJECT IN THE RIGHT GOLD MARKET

23

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

Mine Plan DetailsPhase 1 - Three Hills MinePermitted for Construction and Operations

24

Page 26: OPEN PIT NEVADA GOLD - West Kirkland Mining Incwkmining.com/_resources/presentations/WKM-Corporate-Presentation.pdfopen pit nevada gold hasbrouck project & district exploration . hasbrouck

HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

PHASE 1 - THREE HILLS MINE KEY FEATURES

• Well-drilled - 291 bore holes (88,199 ft)

• Well-tested metallurgy - 82% gold recovery from Run-of-Mine

• All-oxide outcropping ore, above water table

• Minimal pre-strip and low strip-ratio (0.8:1)

• Fully permitted – 12 months construction time

• Low initial capex and low start-up risk – carbon columns with off-

site carbon stripping

• Two years production at 15,000 ton/day – 69 koz Au/year

• Available grid power or on-site generation and secured water rights

• Strong exploration potential

25

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

PHASE 1 - THREE HILLS MINE GEOLOGY & GOLD DOMAIN

LOOKING WEST

26

S N

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

PHASE 1 - THREE HILLS MINE FULLY-PERMITTED

27

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M 28

Mine Plan DetailsPhase 2 – Hasbrouck MinePermitting in Progress

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

PHASE 2 - HASBROUCK MINE PERMITTED IN PROJECT YEAR 1

29

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

PHASE 2 - HASBROUCK MINE KEY FEATURES

▪ Well-drilled - 331 bore holes (216,760 ft)

▪ Well-tested metallurgy - crushed-ore heap-leach - 74% gold

recovery

▪ Permitting on-track - no known impediments

▪ Constructed while Three Hills being mined

▪ All-oxide outcropping ore, above water table

▪ 6 years production at 17,500 ton/day – 74 koz AuEq/year

▪ Low pre-strip and low strip-ratio (1:1)

▪ Available water (multiple sources) and grid power

▪ Strong exploration potential - on-property and regionally

30

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

PHASE 2 - HASBROUCK MINE GEOLOGY & GOLD DOMAIN

LOOKING WEST

31

5765 Elevation Slice S N

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

PHASE 2 - HASBROUCK MINE MINERALIZATION: 5765 LEVEL

32

HASBROUCK DEPOSIT

RESOURCE OUTLINE

HASBROUCK

PFS PIT OUTLINE

(5765 ELEVATION SLICE)GOLD MINERALIZATION

Low grade (0.004 – 0.015 opt/Au)

Medium grade (0.015 – 0.04 opt/Au)

High grade (>0.04 opt/Au)

Drill hole collar with trace

Section locations

5765 elevation slice

(not a pit limit)

1563700

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

EXPLORATION AT THREE HILLS - EASTERN EXTENSION TARGET

33

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

EXPLORATION AT HASBROUCK MINE IN-P IT INFERRED TARGETS

34

Section 3600 E (facing west)

Measured

Indicated

Inferred

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

EXPLORATION AT HASBROUCK HIGH-GRADE BELOW-PIT TARGETS

35

F88-7 30’ of 0.14 opt Au

HSB11-109 135‘ of 0.35 opt

Au

HSB11-068: 42’ of 0.2 opt Au and 1.95

opt Ag

F88-42: 15’ of 0.30 opt Au and 0.85 opt

Ag

F88-34 15’of 0.33 opt Au

U/G Samples: 42’ 0.12 opt AU

N

Stuctural Intersections Creating High

Grade

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

RESERVES RESOURCES ( I N C L U S I V E O F R E S E R V E S )

36

Notes:

1. CIM definitions are followed for classification of Mineral Resources.

2. Mineral Resources are estimated using a gold price of US$1,300 per ounce and a silver price of

US$22 per ounce.

3. Totals may not represent the sum of the parts due to rounding.

4. The Mineral Resources have been prepared by Paul Tietz, C.P.G of Mine Development Associates in

conformity with CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices”

guidelines and are reported in accordance with the Canadian Securities Administrators NI43-101.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. There

is no certainty that all mineral resource will be converted into mineral reserve.

June 3, 2015, Mine Development Associates

Three Hills Reserves k ton oz Au/ton k oz Au oz Ag/ton k oz Ag

(0.005 opt AuProven - -

-- -

cutoff)Probable 9,653 0.018 175 - -

P&P 9,653 0.018 175 - -

Hasbrouck Reserves k ton oz Au/ton k oz Au oz Ag/ton k oz Ag

(0.007-0.008Proven 6,242 0.020 127 0.410 2,562

opt Au cutoff)Probable 29,374 0.016 461 0.273 8,007

P&P 35,617 0.017 588 0.297 10,569

Total Hasbrouck Project Reserves

k ton oz Au/ton k oz Au oz Ag/ton k oz Ag

Proven 6,242 0.020 127 0.410 2,562

Probable 39,028 0.016 635 0.205 8,007

P&P 45,270 0.017 762 0.233 10,569

Notes:

1. The estimation and classification of Proven and Probable Reserves were prepared

by Thomas L. Dyer P.E. of Mine Development Associates in accordance to CIM

standards

2. Reserves are estimated based on $1,225/oz gold and $17.50/oz silver; and

3. Cutoff grades used for reserves are: Three Hills 0.005 oz Au/ton, Hasbrouck

upper Siebert 0.008 oz Au/ton, and Hasbrouck Lower Siebert 0.007 oz Au/ton.

August 4, 2014, Mine Development Associates

Three Hills Mineral Resources k ton oz Au/ton k oz Au oz Ag/ton k oz Ag

(0.005 opt Au Indicated 10,897 0.017 189

cutoff) Inferred 2,568 0.013 32

November 3, 2014, Mine Development Associates

Hasbrouck Mineral Resources k ton oz Au/ton k oz Au oz Ag/ton k oz Ag

(0.006 opt AuEq Measured 8,261 0.017 143 0.357 2,949

cutoff) Indicated 45,924 0.013 595 0.243 11,147

M+I 54,185 0.014 738 0.26 14,096

Inferred 11,772 0.009 104 0.191 2,249

Note: oz AuEq/ton = oz Au/ton + (oz Ag/ton x 0.000417)

Total Hasbrouck ProjectReported Mineral Resources

k ton oz Au/ton k oz Au oz Ag/ton k oz Ag

M+I 65,082 0.014 927 0.217 14,096

Inferred 14,340 0.009 136 0.157 2,249

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M

M A N A G EM EN T

R. Michael Jones

President & CEO

President & CEO, Platinum Group Metals; Co-Founder: MAG

Silver, West Timmins Mining

Frank Hallam

CFO

CFO, Platinum Group Metals, Co-Founder: MAG Silver, West

Timmins Mining

Sandy McVey

COO

30+ yrs operational and construction; Wardrop feasibility for

WBJV mine for Platinum Group Metals

Kris Begic

Corp. Dev.

VP, Corporate Development, Platinum Group Metals

20 years capital markets experience.

D I REC TO R S

Pierre Lebel Chairman, Imperial Metals

Kevin FalconFormer Min. of Finance, Deputy Premier of BC,

Executive Vice President, Anthem Capital

R. Michael Jones President and CEO, WKM

Frank Hallam CFO and Corporate Secretary, WKM

MANAGEMENT AND DIRECTORS

37

$1.3B Market Cap.

Advancing Juanicipio JV in

Mexico

Partnered with Fresnillo

Major PGM discovery at Waterberg in

South Africa

Sold to Lakeshore Gold for $424M

in 2009

Lakeshore Acquired by Tahoe for $1B

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M 38

SHARE STRUCTURE

Stock Symbol: TSXV: WKMOTCQB: WKLDF

Share Price (Feb 2017): $0.075

52-Week High / Low: $0.105 / $0.055

Issued and Outstanding: 345,388,947

Warrants (WKM.WT:TSXV) ($0.30 strike) (17th April, 2019) 220,940,833

Options 14,050,000

Fully Diluted 580,379,780

Market Capitalization CDN $26M

Analyst Coverage: Tyron Breytenbach, Cormark Securities

Major Shareholders: Sun Valley Gold (46%), Ruffer (17%), European fund (10%)

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HASBROUCK GOLD PROJECT TSX-V : WKM

OTCQB: WKLDF

2 0 1 8 - 0 4 - 1 0 - W K M - C O R P O R A T E -

P R E S E N T A T I O N W K M I N I N G . C O M 39

TSX-V : WKM

THANK YOU

W K M I N I N G . C O M

Investor relations:

Rob Bruggeman P.Eng., CFA

[email protected]

1 416 884-3556788 – 550 Burrard Street

Vancouver, BC V6C 2B5