TSXV & BVL:TK | OTCPK: TKRFF www.tinkaresources.com

Corporate Presentation – February 2019

This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in

any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or

regulation or which would require any registration or licensing within such jurisdiction. This presentation does not constitute or form a part

of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of

Tinka, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever.

Certain information in this presentation contains forward-looking statements and forward-looking information within the meaning of

applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-

looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and

information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related

to certain factors including but not limited to, all costs varying significantly from estimates, production rates varying from estimates,

changes in metal markets, changes in equity markets, availability and costs of financing needed in the future, equipment failure,

unexpected geological conditions, imprecision in resource estimates or metal recoveries, ability to complete future drilling programs,

drilling program results varying from expectations, delays in obtaining survey results, success of future development initiatives, the

completion and implementation of a preliminary economic assessment, pre-feasibility or feasibility studies, competition, operating

performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local

authorities, community relations, timing and completion of any surface rights agreements, and other development and operating risks.

Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results

may vary materially from those described herein. Although Tinka believes that 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. Except as may be required by applicable securities laws, Tinka disclaims

any intent or obligation to update any forward-looking statement.

The Mineral Resources disclosed in this company presentation have been estimated by Mrs. Dorota El Rassi, P.Eng., and Mr. David Ross,

P.Geo., both employees of RPA and independent of Tinka. The Zinc/Tin Mineral Resources were publicly released on November 26, 2018,

while the Silver Resources were released on Feb 26, 2015. By virtue of their education and relevant experience, Mrs. El Rassi and Mr.

David Ross are "Qualified Persons" for the purpose of National Instrument 43-101. The Mineral Resources have been classified in

accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (May, 2014). Readers are encouraged to read

the Company’s technical report in their entirety.

This presentation has been prepared, reviewed and verified by Dr. Graham Carman, Tinka’s President and CEO and a Fellow of the

Australasian Institute of Mining and Metallurgy, a qualified person as defined by NI 43-101. 2

Disclaimer

3

Company Highlights

Ayawilca

Peru

Tinka owns 100% of the Ayawilca project – one of largest

zinc resources not owned by a producer & located in a top

mining belt

Zinc deposit discovered by Tinka & grown rapidly

Mineral Resources at Nov. 26, 2018:

Zinc Zone –11.7 Mt Indicated @ 8.1% zinc equivalent (ZnEq)* &

45.0 Mt Inferred @ 6.7% zinc equivalent

Tin Zone – 14.5 Mt Inferred @ 0.70% tin equivalent (SnEq)*

Exploration drilling to begin May 2019 after wet season

PEA underway with results anticipated by mid 2019

Highly experienced team of mine finders with Peru expertise

Strong institutional investor base

Solid balance sheet with C$14M cash and no debt (Sep. 30/18)

* See resource tables for calculation of ZnEq and SnEq

4

Market Capitalization

TSXV & BVL: TK | OTCPK: TKRFF

Shares Issued: 264.6 M

Options 12.0 M

Warrants (12.4M @ $0.45 + 16.9M @$0.75) 29.3 M

Fully diluted: 306.4 M

Market cap @ C$0.35/share: C$93 M

Cash (Sep. 2018): ~C$13 M

Analyst Coverage

Ian Parkinson

Kevin MacKenzie

George Topping

Major Shareholders

Institutional:

The Sentient Group 24%

IFC (World Bank) 11%

JPMorgan UK 7%

Other institutions ~10%

Total institutional 52%

Management & insiders 2%

Retail/other 46%

5

Zinc Resource Base Case (Nov. 2018 @ $55 NSR cut-off)

Includes ~20,000 metres of 2018 drilling (~68,000 metres since 2011-2012)

1.8 billion pounds of zinc in Indicated category (24% of total)

5.6 billion pounds of zinc in Inferred category (76% of total)

Ayawilca zinc resources as follows:

Category/Area

Tonnage

(Mt)

ZnEq

(%)

Zn

(%)

Pb

(%)

In

(g/t)

Ag

(g/t)

Zn

(Mlb)

Pb

(Mlb)

In

(t)

Ag

(Moz)

Indicated

West 7.8 7.7 6.5 0.20 72 15 1,126 35 561 3.9

South 3.9 9.1 7.6 0.09 108 16 652 8 422 2.0

Total Indicated 11.7 8.1 6.9 0.16 84 15 1,778 42 983 5.8

Inferred

West 5.0 7.1 6.4 0.27 34 17 699 30 170 2.8

Central 18.6 5.6 4.6 0.23 62 12 1,884 95 1,153 7.5

East 11.3 5.9 5.0 0.18 56 14 1,238 44 633 5.0

South 10.2 9.6 7.9 0.27 103 30 1,764 61 1,047 9.9

Total Inferred 45.0 6.7 5.6 0.23 67 17 5,585 230 3,003 25.2

Notes:

• CIM definitions were followed for Mineral Resources.

• Mineral Resources are reported above a cut-off NSR value

of US$55 per tonne.

• The NSR value was based on estimated metallurgical

recoveries, assumed metal prices and smelter terms, which

include payable factors, treatment charges, penalties, and

refining charges. Metal price assumptions were: US$1.15/lb

Zn, US$300/kg In, US$15/oz Ag, and US$1.00/lb Pb. Metal

recovery assumptions were: 90% Zn, 75% In, 60% Ag, and

75% Pb. The NSR value for each block was calculated

using the following NSR factors: US$15.34 per % Zn,

US$4.70 per % Pb, US$0.18 per gram In, and US$0.22 per

gram Ag.

• The NSR value was calculated using the following formula:

NSR = [Zn(%)*US$15.34+Pb(%)*US$4.70+

In(g/t)*US$0.18+Ag(g/t)*US$0.22]

• The ZnEq value was calculated using the following formula:

ZnEq = NSR/US$15.34

• Numbers may not add due to rounding.

• “Inferred Mineral Resources” have a great amount of

uncertainty as to their existence, and as to their economic

and legal feasibility. It is reasonably expected that the

majority of Inferred Mineral Resources could be upgraded to

Indicated Mineral Resources with continued exploration.

United States investors are cautioned not to assume that all

or any part of Measured or Indicated Mineral Resources will

ever be converted into Mineral Reserves. United States

investors are also cautioned not to assume that all or any

part of an Inferred Mineral Resource exists, or is

economically or legally mineable.

6

Ayawilca Zinc Zone Cut-off Sensitivity

Zinc Zone Indicated Mineral Resources

NSR US$/t

Cut-off

Tonnage

(Mt)

ZnEq

(%)

Zn

(%)

Pb

(%)

In

(g/t)

Ag

(g/t)

40 13.6 7.4 6.3 0.16 75 15

50 12.4 7.9 6.7 0.17 80 15

55 (Base Case)

11.7 8.1 6.9 0.16 84 15

60 10.8 8.5 7.2 0.16 89 16

70 9.4 9.2 7.7 0.15 99 16

80 7.9 10.0 8.4 0.15 111 17

NSR US$/t

Cut-off

Tonnage

(Mt)

ZnEq

(%)

Zn

(%)

Pb

(%)

In

(g/t)

Ag

(g/t)

40 52.7 6.2 5.2 0.24 60 17

50 48.1 6.5 5.4 0.24 64 17

55 (Base Case)

45.0 6.7 5.6 0.23 67 17

60 41.5 7.0 5.8 0.23 70 18

70 33.9 7.6 6.4 0.22 78 18

80 26.9 8.3 6.9 0.22 86 20

Zinc Zone Inferred Mineral Resources

See resource table for notes and ZnEq calculations

Zinc Zone has high grade zones likely to be targeted for early extraction

Base case at $55/t cut-off.

At an $80/t cut-off, the Zinc Zone resource contains:

7.9 Mt Indicated at 10.0% ZnEq and 26.9 Mt Inferred at 8.3% ZnEq

7

Ayawilca Resource Growth Continues

500 m

Decade of low zinc prices resulted in a lack of exploration / discoveries

Few quality projects (zinc, copper, tin) located in lower risk jurisdictions

8

Notes:

- Data from company websites,

believed to be accurate

- ZnEq based on spot metal prices

on Nov. 22, 2018

- Global resources include

Measured & Indicated and

Inferred resources. Vazante and

Cerro Lindo data only reflects

Reserves.

Scarcity of Large Development Zinc Projects

Fireweed-Tom&Jason

NEXA-Aripuana

Zinc X-Akie

Rathdowney-Olza

Trevali-Caribou

Vendetta-Pegmont

Trevali-Santander

Foran-McIlvenna Bay NEXA-Vazante

NEXA-Cerro Lindo

NEXA-Shalipayco

Tinka-Ayawilca2018

Tinka-Ayawilca2018+Tin

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

- 10 20 30 40 50 60 70 80 90

Glo

ba

l R

eso

urc

e/R

ese

rve

(B

illo

ns

of p

ou

nd

s o

f Zin

c E

qu

iva

len

t)

Global Resource Size (Mt)

Zinc Equivalent Resource Size for Selected TSX/TSXV Companies

Producing mine

Development project

Ayawilca project - Zn

Ayawilca project - Zn+Sn

Teck considers giant zinc deposit to be > 6Mt Zn+Pb

Ayawilca is currently 3.5Mt Zn+Pb and 4.8Mt ZnEq (including tin), with the

potential to grow through continued exploration

9

Teck Scatter Plot of Zinc Projects

Ayawilca – Zn +Pb only

Ayawilca – ZnEq including tin

Strong fundamentals due to

mine shutdowns and lack of

new development

Few new discoveries in the

past decade

Zinc inventories have

declined to10-year lows

Zinc price ~ $1.20/lb (52-

week range: $1.04 - $1.64)

Average zinc mine grades

FALLING (Reuters):

4.3% Zn in 2017

6.8% Zn in 2000

10

Why Zinc?

Zinc Inventories: 2011 to 2018

Source: Scotiabank

Zinc used in construction and

automotive industries for

galvanizing (steel protection)

Emerging zinc-air battery

technology could increase

demand

2018 zinc consumption forecast

13.7 million tonnes of refined zinc

metal: Production of 13.4 million

tonnes = in deficit ~ 300,000 t

Steady demand growth

11

Zinc – Uses and Markets

Galvanizing

50%

Zinc Alloying

17%

Brass and

Bronze

17%

Zinc Semi-

Manufactures

6%

Chemicals

6%

Other

4%

Source: International Lead and Zinc Study

Group (ILZSG)

Zinc End Uses

Management – Extensive Peru and Zinc Experience with Past Successes

Dr Graham Carman President & CEO,

Director

Geologist, 25 years global exploration experience

with Rio Tinto, Savage, Pasminco, juniors.

Alvaro Fernandez-

Baca

VP Exploration, Peru Geologist, 20 years global exploration experience

with Gitennes, AQM Copper & Hochschild.

Cesar Carbajal HSEC Manager Social management specialist, 15 years experience

with Teck, MWH, Peru Ministry of Mines.

Ken Engquist Manager Project

Development

Engineer, 25 years project development experience

with Arizona Mining, Nevsun, Rio Tinto, Oxygen Cap.

Mariana Bermudez Corp. Secretary 20 years regulatory compliance services experience.

Nick Demare CFO, Director CPA, CA, extensive junior board experience.

12

Management & Board

Independent Directors

Ben McKeown Chairman of the Board. Mining engineer, MBA, with 25 years experience in mining,

oil & gas, and private equity.

Pieter Britz Sentient Group representative. Professional engineer with over 20 years’ experience

as a mining professional and as a mining investment professional.

Mary Little Founder of Mirasol Resources, geologist, MBA, 20 years in Latin America.

Mineral Rank in

World 2016

Latin

America 2016

Zinc 2nd 1st

Copper 3rd 2nd

Tin 6th 2nd

Lead 4th 1st

Silver 2nd 2nd

Gold 6th 1st

13

Peru – A Mining Country

Pro-mining country – mining accounts for over 50% of exports

Peru is a top 3 global producer of zinc, copper, and silver

Ayawilca

Project

Las Bambas

Antamina

Central Peru

zinc belt

CHILE

BOLIVIA

BRAZIL

ECUADOR

San Rafael

Source: US Geological Survey

14

Antamina: Largest current

copper/zinc mine in Peru

Cerro de Pasco:

Largest historic silver/zinc mine in Peru

Giant Ore Deposit

Central Peru – Infrastructure

Ayawilca Tinka owns 170 km2 of

mining claims (100%)

Good infrastructure -

power, roads, water

15

Ayawilca Geology & Mineralization A

ya

wilc

a P

lan

Vie

w w

ith

Ge

olo

gy

16

Ayawilca Long Section A

ya

wilc

a L

on

g S

ec

tio

n A

-A’

Repetition of thrust faults provides potential for additional mineralization

beneath current resource

17

2018 Mineral Resource Upgrade C

ross

Se

ctio

n B

-B’

Cro

ss S

ec

tio

n C

-C’

Inf. 2015; 2,258

Inf. 2016; 3,385 Inf. 2017; 6,873

Ind. 2018; 2,149

Inf. 2018; 6,738

0

10

20

30

40

50

60

2014 2015 2016 2017 2018 2019

Re

sou

rce

s (M

t)

Ayawilca Resource Growth 2015 to 2018

Bubble size indicates contained zinc-equivalent pounds (Mlbs)

INFERRED

INDICATED

West Ayawilca and South Ayawilca

zones contain thickest and highest

grade zinc mineralization

2018 – Substantial portion of South and

West Ayawilca in Indicated resource

category

18

High Grade: 10 metres @ 44% Zinc

Massive (90%) sphalerite, other sulphides (10%) Hole A18-129 - 10 metres @ 44% Zinc

Sphalerite Feeder veins in phyllite Hole A18-132 - 7 metres @ 20% Zinc

HG zinc encountered at Ayawilca in “repeated” limestone and feeder veins

19

Tin Resources Nov. 2018

Ayawilca contains a substantial tin resource – believed to be the largest tin

resource in Peru outside of Minsur’s San Rafael project

Tin is currently trading at US$8.95/lb, approximately 7.7x the value of zinc

Tin is primarily used in tin plated steel, chemicals, solder, and alloys, but with

increasing use in high tech and electric vehicles

Ayawilca Tin Zone Inferred Mineral Resources

NSR US$/t

Cut-off

Tonnage

(Mt)

SnEq

(%)

Sn

(%)

Cu

(%)

Ag

(g/t)

40 17.1 0.65 0.57 0.20 18

50 15.9 0.67 0.60 0.20 18

55 (Base Case)

14.5 0.70 0.63 0.21 18

60 12.5 0.76 0.68 0.22 17

70 10.1 0.84 0.76 0.23 18

80 8.3 0.92 0.84 0.25 19

Notes:

• CIM definitions were followed for Mineral Resources.

• Mineral Resources are reported above a cut-off grade of US$55 per tonne NSR value.

• The NSR grade was based on estimated metallurgical recoveries, assumed metal prices and smelter

terms, which include payable factors, treatment charges, penalties, and refining charges. Metal price

assumptions were: US$9.00/lb Sn, US$2.85/lb Cu, and US$15/oz Ag. Metal recovery assumptions were:

86% Sn, 75% Cu, and 60% Ag. The NSR value for each block was calculated using the following NSR

factors: US$155.21 per % Sn, US$37.59 per % Cu, and US$0.22 per gram Ag.

• The NSR value was calculated using the following formula:

US$NSR = [Sn(%)*US$155.21+Cu(%)*US$37.59+Ag(g/t)*US$0.22

• The ZnEq value was calculated using the following formula: SnEq = NSR/US$155.21

• Numbers may not add due to rounding.

• “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their

economic and legal feasibility. It is reasonably expected that the majority of Inferred Mineral Resources

could be upgraded to Indicated Mineral Resources with continued exploration. United States investors

are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be

converted into Mineral Reserves. United States investors are also cautioned not to assume that all or

any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

20

Ayawilca PEA and Exploration in 2019 Zinc Metallurgical Testing Sphalerite has high indium credits

Positive initial results – very high recoveries and con

grade of 51% achieved

PEA-level met testing is ongoing

Preliminary Economic Assessment (PEA) Engaged Wood plc (formerly Amec Foster Wheeler)

as lead engineering firm

Ken Engquist managing PEA for Tinka

Previously project development for Arizona Mining

(Hermosa) and Nevsun (Timok)

Results of PEA expected by mid 2019

Exploration Program for 2019 Further exploration drilling planned for Q2-Q3 2019

(10,000 m budgeted) to test new targets at Ayawilca

Ongoing partnerships with three communities – employment and training

Social engagement and sustainable development programs, fostering long-

term relationships

In 2018, Tinka employed up to 100 locals for building drill platforms & roads

21

Community & Environment

22

Catalysts and Valuation

Maiden PEA by mid 2019

– initial economic assessment for a zinc mine at Ayawilca

Exploration upside

– additional drilling in 2019 to test additional zinc targets

Strategic interest

– Ayawilca is the only large zinc deposit in the hands of a junior

Low valuation – At current market cap Tinka is valued at US$0.007 / ZnEq lb

– Cf. Arizona Mining bought at US$0.05 /ZnEq lb for US$1.6B in 2018

23

Why Tinka?

Ayawilca is one of the largest discoveries in Peru in last 20 years

Massive zinc leverage – 2018 resource contains1.8 billion pounds Zn

Indicated plus 5.6 billion pounds Zn Inferred

Multi-commodity exposure – zinc, tin, indium, silver

PEA results mid 2019; Drilling Q2-Q3 2019

Well positioned to be next large zinc development project

Upside – trading at less than 1% of in-ground value

C$14M in cash (Sep. 2018) sufficient to keep project moving forward

Suite 1305 - 1090 West Georgia St

Vancouver, BC V6E 3V7

CANADA

Ph: +1 604 699-0202

Fax: +1 604 683-1585

CORPORATE OFFICE

FOR MORE INFORMATION

Dr. Graham Carman, President & CEO info@tinkaresources.com

Rob Bruggeman, Investor Relations rbruggeman@tinkaresources.com

+1 416 884-3556

24

Tinka Resources Limited