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HASBROUCK GOLD PROJECT TSX-V : WKM 2017-03-03-WKM-CORPORATE PRESENTATION-MARCH 2017 WKMINING.COM TSX-V : WKM CORPORATE PRESENTATION MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT

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Page 1: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

TSX-V : WKM

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

M A R C H 2 0 1 7

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

NEVADA GOLDHASBROUCK PROJECT

Page 2: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 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 law s . Fo rw ard - look ing in fo rmat ion is t yp ica l l y ident i f ied by w ords such as : “be l ieve” , “expect ” , “ant ic ip ate” , “ in tend” , “es t imate” , “postu la te” 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 to obta in any necessary permi ts , consents o r author i zat io ns requ i red fo r i t s ac t iv i t ies , to 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 w w w .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 three - year h is to r ica l average p r ice is used in any reserve o r cash f low an alys 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 s tandards 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 m inera 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 ied person as de f ined by N I 43 -101.

1

Page 3: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

A GOLDEN OPPORTUNITY IN NEVADA

• Hasbrouck is a low-risk gold project:

– Mining-friendly Nevada

– Fully-permitted, shovel-ready Phase 1

– US$47M initial capital cost

– Reserves: 762,000 gold ounces

– Robust PFS economics at US$1,275 gold

– Strong institutional backing

– Proven management & board

• Hasbrouck has attractive upside potential:

– Strong demand for Nevada gold projects

– High leverage to gold price

– Trading at US$31 /gold reserve ounce - big discount

to other gold developers

– Exploration upside potential

2

Page 4: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

LOCATION

3

Page 5: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

BACKGROUND

April 2014: West Kirkland Mining acquired 75% interest in

Hasbrouck from Allied Nevada in a distressed sale for US$20M

June 2015: Pre-Feasibility Study Completed (Mine Development

Associates, KCA, Golder, NewFields)

June 2015: Waterton Precious Metals Fund II acquires 25%

interest in Hasbrouck from Allied Nevada in bankruptcy process

November 2015: Key construction permits received

September 2016: Updated Pre-Feasibility Study

November 2016: Hill of Gold property leased

January 2016: Commenced Hasbrouck Mine permitting under

Environmental Assessment

February 2016: Water rights leased

4

Page 6: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 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

John S. BrockChairman & Director, Pacific Ridge, Executive of 40

exploration companies, 20 major discoveries

R. Michael Jones President and CEO, WKM

Frank Hallam CFO and Corporate Secretary, WKM

MANAGEMENT AND DIRECTORS

5

$1.7B Market Cap.

Advancing Juanicipio JV in

Mexico

Partnered with Fresnillo

$400M Market Cap.

Operating the Maseve mine in South

Africa with a major new PGM

discovery at Waterberg

Sold to Lakeshore Gold for $424M

in 2009

Lakeshore Recently Acquired by

Tahoe for $1B

Page 7: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M 6

SHARE STRUCTURE

Stock Symbol: WKM:TSXV

Share Price (February 2017): $0.09

52-Week High / Low: $0.045 / $0.17

Issued and Outstanding: 324,634,169

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

Options 14,700,000

Fully Diluted 560,275,002

Market Capitalization CDN $29M

Analyst Coverage: Tyron Breytenbach, Cormark Securities

Major Shareholders: Sun Valley Gold (33%), Liberty Metals & Mining (13%), Ruffer (17%)

Page 8: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

HASBROUCK GOLD PROJECT – PFS UPDATE OVERVIEW

7

Three Hills

Mine

Hasbrouck

Mine

Total

Hasbrouck

Project

Reserves

Gold Grade (g/t) 0.62 0.57 0.58

Ore (million tons) 10 36 45

Gold (kOz Gold Equivalent) – P&P Reserves 175 610 784

Mining

Annual Ore (million tons) 5 6 6

Processing Rate (tons per day) 15,000 17,500 16,000

Stripping Ratio (waste:ore) 0.9 1.1 1.1

Processing

Gold Recovery (%) 81.5% 74.0% 75.7%

Gold Produced (kOz Gold Equivalent) 142 452 594

Average Annual Gold Production (kOz AuEq) 69 74 74

Capital Costs

Initial Capex (Three Hills build) (US$ million) 47 - -

Adjusted Operating Cost (US$/ounce Au) 502 714 661

All-in Sustaining Cost (AISC) (US$/ounce Au) 510 774 709

Mine Life (year) 2 7 9

Gold Price Assumption (US$/oz) 1,275 1,275 1,275

NPV (5%) - after tax (US$ million) - - 120

IRR - 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

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HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

LOW VALUATION PER RESERVE OUNCE

8

$190

$121

$84

$73 $74

$31 $27

$-

$50

$100

$150

$200

$250

Gold Standard

Ventures

Northern Vertex Pershing Gold Belo Sun Victoria Gold Corvus Gold West Kirkland NewCastle Gold

En

terp

rise

Va

lue

pe

r R

ese

rve

/R

eso

urc

e A

u E

qo

un

ce

(US

D)

Average (excluding Gold Standard) USD $86/oz

$917

Resources ResourcesReserves Reserves Reserves ReservesResources Resources

Nevada NevadaArizona Brazil Yukon NevadaNevada California

Classification:

Location:

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

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

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HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

LOW PRICE-TO-NET ASSET VALUE

9

Source: Cormark Securities with P/NAV calculations at Feb. 14, 2017, using USD $1,230/oz gold.

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

0.92

0.72

0.60 0.58

0.56 0.53 0.53 0.52

0.33

-

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

Gold Standard Integra Almaden Victoria Belo Sun GoldQuest Newcastle

Gold

Midas Gold Sabina West Kirkland

Average 0.68

Location:

Stage:Nevada

Exploration

Quebec

Adv. exploration

Mexico

PEA

Yukon

FS, permitted

Chile

PEA, permitted

Dominican

PFS, permitting

California

Mine restart

Idaho

PFS

Quebec

FS, permitting

Nevada

PFS, permitting

1.44

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HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

HASBROUCK GOLD PROJECT OVERVIEW

10

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HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M 11

HASBROUCK GOLD PROJECT ANNUAL PRODUCTION

Page 13: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M 12

HASBROUCK GOLD PROJECT CASH FLOW

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HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M 13

HASBROUCK GOLD PROJECT TIMELINE

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HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M 14

HASBROUCK PROJECT GOLD SENSITIVITY

• 100% Project Basis

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HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M 15

Three Hills Mine

Page 17: NEVADA GOLD - cdn.ceo.ca.s3-us-west-2.amazonaws.comcdn.ceo.ca.s3-us-west-2.amazonaws.com/1cdh0ed-2017... · MARCH 2017 WKMINING.COM NEVADA GOLD HASBROUCK PROJECT . HASBROUCK GOLD

HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

THREE HILLS MINE KEY FEATURES

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

• All-oxide, outcropping ore, above water table

• Fully permitted – 12 months construction schedule

• Minimal pre-strip; 0.8:1 strip ratio

• Run-of-mine heap leach (no crushing) - 82% gold recovery

• Low initial capex and low start-up risk – no gold plant, only

carbon columns with carbon stripped offsite

• Grid power or on-site generation

• Water rights secured

• 2 years at 15,000 ton/day

• Strong exploration potential

16

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HASBROUCK GOLD PROJECT TSX-V : WKM

2 0 1 7 - 0 3 - 0 3 - W K M - C O R P O R A T E

P R E S E N T A T I O N - M A R C H 2 0 1 7 W K M I N I N G . C O M

THREE HILLS MINE GEOLOGY & GOLD DOMAIN

LOOKING WEST

17

S N

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HASBROUCK GOLD PROJECT TSX-V : WKM

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THREE HILLS MINE PERMITTED

18

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THREE HILLS MINE ON-PROPERTY EXPLORATION

19

Key Intercepts:

TH12R-15: 200’ @ 0.096 opt Gold

MW14-01: 130’ @ 0.04 opt Gold

Permit Pit

A

B

TH12R-15200’ @ 0.096 opt Au

MW14-01130’ @ 0.04 opt Au

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THREE HILLS MINE EASTERN EXTENSION TARGET

20

A B

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HASBROUCK MINE

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HASBROUCK MINE KEY FEATURES

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

▪ All-oxide, outcropping ore, above water table

▪ Low pre-strip, 1.1:1 strip ratio

▪ 6 years at 17,500 ton/day

▪ Crushed-ore heap-leach - 74% gold recovery

▪ Highway access

▪ Water (multiple sources) and grid power available

▪ Permitting underway under an Environmental Assessment - no known impediments

▪ Constructed while Three Hills being mined

▪ Good exploration potential - on-property and regionally

22

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HASBROUCK MINE GEOLOGY & GOLD DOMAIN LOOKING WEST

23

5765 Elevation Slice S N

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HASBROUCK DEPOSIT MINERALIZATION: 5765 LEVEL

24

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 MINE PERMITTED IN YEAR 1

25

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HASBROUCK MINE IN-PIT INFERRED TARGETS

26

Section 3600 E (facing west)

Measured

Indicated

Inferred

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HASBROUCK MINE HIGH-GRADE BELOW PIT TARGETS

27

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

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HASBROUCK MINE REGIONAL EXPLORATION TARGETS

28

Silver King Trend• Historically prolific gold

and silver producing

region

• Overlooked recently in

favour of sediment-

hosted deposits in

central and north

Nevada

• Strong potential for

regional exploration,

development, and

consolidation

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SUMMARY

• Advanced-stage gold developer with permitted open-pit mine in Nevada

• Management - solid track-record of delivering value with M&A and

mine construction

• Trading at low valuation-to-reserves and Net Asset Value per Share,

relative to other gold developers in the Americas

• Positive pre-feasibility study

• Low startup cost and high development flexibility

• Highly leveraged to gold price

• Exploration upside on property and region

• Deep institutional ownership supporting business plan

• Evaluating construction finance, potential partnerships, and corporate

opportunities

29

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COMPARISON TO OTHER DEVELOPERS IN REGION

30

$136 $124

$62

$29

$-

$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

RatioLOM Au EqProd'n (koz)

Initial Capex

(US$M)

Study Au price

(US$/oz)NPV

(US$) IRR

Pershing Gold PEA Construction Open pit HL 100% 5.8 3.5 513 12.2 1250 121 109%

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% 5.0 1.6 200 33.0 1250 60 48%West Kirkland PFS, permitting Open pit HL 75% 8.8 1.1 594 46.7 1275 120 43%

Relief Canyon, Nevada

89koz AuEq per year

AISC USD $804/ozFlorida Canyon, Nevada

72koz AuEq per year

AISC USD $887/oz

Moss Project, Arizona

42koz AuEq per year

AISC USD $662/oz

Hasbrouck, Nevada

74koz AuEq per year

AISC USD $709/oz

* Data as at Feb. 13, 2017, 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

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June 3, 2015, Mine Development Associates

Three Hills K ton Oz Au/ton K oz Au oz Ag/ton K oz Ag

(0.005 opt Au cutoff) Proven - - - - -

Probable 9,653 0.018 175 - -

P&P 9,653 0.018 175 - -

Hasbrouck

(0.007-0.008 Proven 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

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

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.

HASBROUCK PROJECT RESERVES

31

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HASBROUCK PROJECT RESOURCES

32

Hasbrouck Project Resources

Resources are reported inclusive of reserves.

Hasbrouck Deposit Reported Mineral Resources* November 3, 2014, Mine Development Associates (0.006oz AuEq/ton Cutoff)

Class Tons oz Au/ton oz Au oz Ag/ton oz Ag

Measured 8,261,000 0.017 143,000 0.357 2,949,000

Indicated 45,924,000 0.013 595,000 0.243 11,147,000

M+I 54,185,000 0.014 738,000 0.26 14,096,000

Inferred 11,772,000 0.009 104,000 0.191 2,249,000

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

Three Hills Reported Mineral Resources* August 4, 2014, Mine Development Associates (0.005oz Au/ton Cutoff)

Class Tons oz Au/ton oz Au

Indicated 10,897,000 0.017 189,000

Inferred 2,568,000 0.013 32,000 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.

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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