K o m b a t U n d e r g r o u n d

N a m i b i a

2015 AGM

This Presentation contains ‘‘forward-looking information’’ which may include, but is not limited to, statements with respect to the future financialor operating performance of Kombat Copper Inc. and its subsidiaries (collectively, the ‘‘Company’’) and its mineral projects; the future prices ofmetals; the anticipated results of exploration activities; the estimation of mineral resources; the realization of mineral resource estimates; capital,development, operating and exploration expenditures; costs and timing of the development of the Company’s mineral properties; timing of futureexploration; requirements for additional capital; government regulation of mining operations; anticipated results of economic and technicalstudies; environmental matters; reclamation expenses; title disputes or claims; limitations of insurance coverage and the timing and possibleoutcome of pending litigation and regulatory matters. Often, but not always, forward-looking information can be identified by the use of words andphrases such as ‘‘plans’’, ‘‘expects’’, ‘‘is expected’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, ‘‘forecasts’’, ‘‘intends’’, ‘‘anticipates’’, or ‘‘believes’’ orvariations (including negative variations) of such words and phrases, or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’,‘‘might’’ or ‘‘will’’ be taken, occur or be achieved.

Forward-looking information is based on the opinions and estimates of management as of the date such statements are made and is based oninformation currently available to management and upon what management believes to be reasonable assumptions, including, among others, thatgeneral business, economic, competitive, political and social uncertainties remain favorable; that actual results of exploration activities justifyfurther studies and development of the Company’s mineral projects; that the future prices of metals, and lithium carbonate in particular, remain atlevels that justify the exploration and future development and operation of the Company’s mineral projects; that brine deposit quality andcharacteristics remain as anticipated; that there is no failure of plant, equipment or processes to operate as anticipated; that accidents, labourdisputes and other risks of the mining industry do not occur; that the jurisdictions in which the Company operates remain politically stable; thatthere are no unanticipated delays in obtaining governmental approvals or financing or in the completion of future studies, development orconstruction activities; that the actual costs of exploration, and studies remain within budgeted amounts; that regulatory and legal requirementsrequired for exploration or development activities do not change in any adverse manner, as well as those factors discussed in the section entitled‘‘Risk Factors’’ as may be identified in the Company’s MD&A and public disclosure from time to time, as filed under the Company’s profile onSEDAR at www.sedar.com.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performanceor achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by suchforward-looking information. Although the Company has attempted to identify important factors that could cause actual actions, events or resultsto differ materially from those described in the forward-looking information, there may be other factors that cause such actions, events or resultsto differ from those anticipated, estimated or intended. Any inaccuracy in the assumptions identified above may also cause actual actions, eventsor results to differ materially from those described in the forward-looking information.

Forward-looking information contained herein is made as of the date of this Presentation and the Company disclaims any obligation to update anyforward-looking information, whether as a result of new information, future events or results, except as may be required by applicable securitieslaws. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differmaterially from those anticipated in such information. Accordingly, potential investors should not place undue reliance on forward-lookinginformation.

Bill Nielsen, P.Geo and President and CEO of the Company is a “qualified person” as such term is defined in National Instrument 43-101 and hasreviewed and approved the technical information and data included in this presentation.

• Major asset is the past producing Kombat Mine – closed in 2008.

• Mining license remains in place.

• Significant past producer of copper, lead and silver over 45 years.

• Significant infrastructure including shafts and 2 declines from surface, an 1,100 tpd mill, grid power, paved highway access and tailings facility and a rail spur are in place.

• Favorable African jurisdiction.

• Namibian partners.

• MOA signed with Namibian based miner to mine lead mineralization at Kombat Mine starting in 2016.

Divested the Town of Kombat and associated liabilities and divested all exploration properties and associated expenses

Cleaned up the corporate structure

Completed a 2,000 meter drill program designed to define areas that can host near surface resources. Program was successful in defining areas requiring additional drilling in order for them to be incorporated into a resource classification.

A plan, schedule and budget were presented to the Namibia water authority that would allow them to pump water up to 1600m3/hour and provide supply to the country. Kombat Copper would get increased access to underground workings at no operating or capital costs for dewatering.

MOA signed with Namibian Based company to mine lead mineralization at Kombat Mine and Gross Otavi

2015

Completed scanning historic documents and expanding the mine database. Over 27,000 documents scanned and electronically filed.

2016

In 2015 Kombat Copper focused exclusively on the Kombat Mine asset. The Company continued with costing cutting measures and focused efforts on the Kombat Mine site clean up. Key milestones included:

• There are now expanded production scenarios for Kombat Mine, both

underground and open pit. Significant amounts of additional work are required

to attain production.

• Future consideration must be given to increased production over and above

historic production rates, increased mill capacity, the processing of oxide and

sulphide ores and the recovery of lead from the eastern parts of the mine.

• Relatively low cost to attain production in short time frames compared to a new

mine start up.

• Anticipate limited production startup in 2016 using a contract miner with an emphasis on producing lead concentrates from the Kombat East area.

• Continue with the program of getting all of the underground workings at Kombat Mine developed into a 3D model.

• Continue consolidation of the corporate structure

• Continuation of cost saving measures

• Further work program depends on ability to finance

#3 shaft

ramp

Underground workings

Drillholes

8

• Earliest production scenario for Kombat

• Kombat East needs to be re-assessed to determine if it is in fact a large lead deposit with significant copper and silver credits.

• Currently dewatered to 3 level and water level continues to drop with increased pumping from the # 1 shaft.

• Additional drilling required.

• Can be accessed via ramp. Shaft does not have to be operational.

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• Past mining from 1911-1941 for copper and vanadium.

• On the Kombat Mine trend, 10km to the west of Kombat Mine

• Mine portal established, limited underground workings

• Kombat’s 2012 drilling intersected 6.03 metres of 1.55% copper, 6.64% lead, 4.09 % zinc and 18.4g/t silver

Kombat Copper Underground