DEVELOPING THE HARPER CREEK PROJECT IN BRITISH COLUMBIA

AGM June 5, 2013

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Gregory Hawkins, Chairman and Interim CEO of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this document. The information contained in this presentation is provided by Yellowhead Mining Inc. (“Yellowhead”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Yellowhead or other financial products. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this presentation reflect those of the individual presenters, and are provided for information purposes only. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Yellowhead nor its directors, officers, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. Except for statements of historical fact, this presentation contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, inherent operating risks, planned expenditures, proposed exploration and development at the Harper Creek Project, operating and economic aspects of the Harper Creek Project, as well as those risk factors identified in Yellowhead’s Annual Information Form and other disclosure documents available at www.sedar.com under Yellowhead’s name. Yellowhead undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Yellowhead. This presentation does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person (as defined in Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act")) ("U.S. Person"), or in any other jurisdiction in which such an offer would be illegal. Yellowhead’s shares have not been and will not be registered under the Securities Act. Cautionary Notes regarding Technical Information This presentation includes disclosure of scientific and technical information, as well as information in relation to the calculation of resources, with respect to the Harper Creek Project. Yellowhead’s disclosure of mineral resource information is governed by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time by the CIM (“CIM Standards”). There can be no assurance that mineral resources will ultimately be converted into mineral reserves. Mineral resources are not mineral reserves and do not have demonstrated economic viability. For further information regarding the Harper Creek Project, reference should be made to the NI 43-101 compliant Technical Report and Feasibility Study of the Harper Creek Project, dated March 29, 2012 and available on www.sedar.com, prepared by Merit Consultants International Inc. in conjunction with the following Qualified Persons (as defined by NI 43-101), all independent of Yellowhead Mining Inc.: Jay Collins, P. Eng., Merit Consultants International Inc.; Mark Dobbs, P.Eng., Allnorth Consultants Limited; Ronald Simpson, P.Geo., GeoSim Services Inc.; Kenneth Brouwer, P.Eng., Knight Piesold Ltd.; John Fox, P.Eng., Laurion Consulting Inc.; and John Nilsson, M.Sc., P.Eng., Nilsson Mine Services Ltd. This presentation uses the terms “measured”, “indicated” and “inferred” resources. U.S. persons are advised that while such terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or other economic studies. U.S. persons are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. U.S. persons are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

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MANAGEMENT

T. Gregory Hawkins, P.Geo., MSc. – Interim Chief Executive Officer

• Involved in the Mining Exploration and Investment industry since 1969

• In 1990 he founded CME & Company an international full service consultancy and contracting firm

• Variously responsible for the identification and/or delineation of 10 mineral deposits in Canada, USA and Chile

Ronald L. Handford, P.Eng., BASc, MBA – Executive Vice President, Corporate Development • 35+ years of international experience in development

and finance relating to resources and technology • Prior to 1996 was an investment officer with

International Finance Corporation and resource industry banker with Barclays Bank

Saurabh Handa, BSc, CA – Chief Financial Officer • Past Corporate Controller for SouthGobi Resources Ltd. • Prior to that Senior Staff Accountant at Deloitte and

Touche LLP working in its audit and valuation practices primarily on international mining companies

Alastair Tiver, P.Eng – Vice President, Operations • 24+ years international experience in operating roles

ranging from exploration stage to large scale operating mines in a variety of commodities – most recently Chief Engineer of Copper Mountain Mining Corp.

Charlene Higgins, MSc, PhD – Vice President – Environment, Community & First Nations Relations • 14+ years as a senior negotiator and policy advisor

working with Aboriginal communities and organizations • Expertise in the areas of consultation, sustainable use

and management of natural resources, multi-stakeholder engagement

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• Harper Creek project is a large scale copper-gold-silver project 100%-owned by Yellowhead (1)

• Feasibility Study completed in March 2012

• Proven & Probable reserves for 28 year mine life

• Site advantages: adjacent rail, highway, towns and power, two access roads to site, low strip ratio 0.81:1

• Low environmental impact: no lakes or fish within mine site footprint

• Overwhelming community support; good relations with First Nations

• YMI development strategy: engineer, permit, finance, construct & operate

PROJECT OVERVIEW

(1) Subject to 3% NSR royalty capped at $2,500k, adjusted for inflation, on claims within the resource estimate, plus a further 2.5% NSR royalty on approximately 1.5 million tonnes of ore late which is expected to be mined beginning in year 16 of the mine plan.

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SITE LAYOUT

Compact site layout

Nearby rail, road, power and towns infrastructure

No lakes or fish in the operations footprint

No discharge from Tailings Management Facility for life of mine

No camp required during operation

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LOADOUT PROPERTY – VAVENBY Purchased Nov. 2011; area 79.3 ha

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• 28 year project life at a milling rate of 70,000 tpd

• Life-of-mine (“LOM”) stripping ratio after reprocessing of stockpiled material is 0.81:1

• Capital costs estimated C$839 million in Q4 2011 dollars, including contingency of $76.4 million

• Purchased the old Weyerhaeuser property in Vavenby – existing loadout

• Power (BC Hydro transmission line) promised by province when we need it to start operations end of 2016

• Our intent is to hire local first, when available. Local community workforces located in nearby communities, Vavenby, Clearwater, Barriere, Blue River and Chu Chua

FS – OPERATING AND ECONOMIC PARAMETERS

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DIRECT TAX IMPACT

COPPER PRICE US$/lb Cu

2.50 (1) 3.82 (2)

FX RATE US:CDN 0.86 1.00 TAXES IN CAD Federal Income Tax CDN$ $361 Million $861 Million Provincial Income Tax CDN$ $264 Million $600 Million BC Mining Tax CDN$ $351 Million $851 Million Total Indirect Taxes(3) CAN$ $597 Million $597 Million Total Taxes CDN$ $1.573 Billion $2.909 Billion

(1) Based on Base Case scenario in the Feasibility Study released in March 2012 (2) Based on Current Metals Prices scenario in the Feasibility Study release in March 2012 (using metals prices on February 28, 2012) (3) Indirect Taxes is the GST & PST $319 Million + Estimated Personal Income Taxes $278 Million over 28 LOM

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Employment Opportunities

• Temporary Camp only during construction – approx. 600 Construction jobs at the peak

• Over 400 direct jobs during operations (mine, mill, administration)

• 800 – 1200 (2 – 3x multiplier*) Indirect jobs

*PWC – MABC report October 2011

Employment

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Consultation with Simpcw, Adams Lake, Little Shuswap, and Neskonlith was initiated in 2006.

Section 11 Order issued Sept. 2009 (specifies the scope and methods by which a EA review must be conducted) identified that the Harper Creek project was in the vicinity of the traditional territories of the Simpcw First Nation and the Adams Lake Indian Band. EAO amended the section 11 Order with a section 13 Order (October 2012), adding Neskonlith Indian Band and Little Shuswap Indian Band to the list of First Nations that must be consulted in the EA review.

November 2012, EAO required YMI to consult with First Nations for 6 weeks regarding the First Nation draft Consultation plan prior to being able to submit the EA Application to the EAO for screening. This consultation period ended January 25, 2013. The Application was submitted for screening to the EAO April 3, 2013. We are hoping to move into the Application review where consultation will continue.

YMI signed and executed a General Services Agreement with Simpcw and Adams Lake regarding involvement in the Baseline studies (340 pds 2011, 390 pds 2012). Both have been fully involved in the EA review and process.

FIRST NATIONS CONSULTATION AND INVOLVEMENT

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Harper Creek EA Certificate application submitted April 3, 2013

For more information please contact: Ronald L. Handford, Executive Vice President, Corporate Development T: 604.681.1709 Ext 204 rhandford@yellowheadmining.com www.yellowheadmining.com

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