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TSX-V:CUO

Expanding our Quebec

Copper Portfolio

Investor Presentation - May 2014

TSX.V: CUO |

FORWARD LOOKING INFORMATION

This document contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not

limited to, statements with respect to the development potential and timetable of the Troilus project; the timing and amount of estimated future

development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; government

regulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-looking

terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”

or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”,

“could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are based on the opinions and estimates of

management as of the date such statements are made. Forward-looking statements are subject to known and unknown risks, uncertainties and

other factors that may cause the actual results, level of activity, performance or achievements of Copper One to be materially different from

those expressed or implied by such forward-looking statements, including but not limited to risks related to: timing and availability of external

financing on acceptable terms; unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery

rates; receipt and revocation of government approvals; actual results of exploration and mining activities; changes in project parameters as

plans continue to be refined; future prices of metals; failure of plant, equipment or processes to operate as anticipated; accidents, labour

disputes and other risks of the mining industry. Although management of Copper One has attempted to identify important factors that could

cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to

be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future

events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-

looking statements. Copper One does not undertake to update any forward-looking statements except in accordance with applicable securities

laws.

The “material” technical information in this presentation is dervied from the technical report entitled “Technical Report on the Troilus Mine Zone

87 Underground Mineral Resource Estimate, Quebec”, dated April 28, 2006 and prepared by Luke Evans, P.Eng. of Roscoe Postle Associates

Inc.

The scientific and technical information in this document has been reviewed and approved by Bill Stone, P. Geo., a consultant to Copper One

and a qualified person as defined in Nation Instrument 43-101.

Luc Evans, P. Eng. and a qualified person as defined in Nation Instrument 43-101, prepared the Technical Report referred to on page [X] for

Inmet, including the mineral resource estimate, and has reviewed the Technical Report on behalf of Copper One.

www.copperone.com 2

TECHNICAL INFORMATION

QUALIFIED PERSON

TSX.V: CUO | www.copperone.com 3

Rivière Doré Property Location: Val d’Or, QC

Ownership: 100%

Metals: Copper,-Nickel-PGM’s

Status: Greenfield Exploration

Queylus Property Location: Abitibi Greenstone Belt, QC

Ownership: 100%

Metals: Gold-Copper

Status: Greenfield Exploration

Brownfield's Development Project Troilus Mine

Location: Chibougamau, Quebec

Ownership: 100%

Metals: Gold and Copper

Mining: Open pit (1997-2009)

History: Built and operated by Inmet

Mining, now First Quantum

Minerals

M&I Resource:1.4M oz Au; 105M lbs Cu

Inferred Resource: 0.3M oz Au; 25M lbs Cu

*See mineral resource table on slide 8

Acquisition Price

2.5% NSR

Assumption of all liabilities, including

environmental liabilities as at Jan 1

2014

First Quantum to backstop current

closure bonds of approx $4.1M which is

expected to decline to $2M by end of

summer 2014

*Acquisition subject to various closing conditions

Existing Exploration Assets

COPPER ONE ENTERS AGREEMENT TO ACQUIRE TROILUS MINE

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Capital Structure

Shares Outstanding (basic): 66.5 million

Options: 8 million @ $0.25 (exp 11-16-14)

issued in connection with property acquisitions

~6.5 million with weighted exercise price of $0.53

Management

G. Scott Moore , MBA Chairman, President & Chief Executive Officer Mr. Moore is a finance executive with over 20 years of experience in the resource sector.

He presently serves as COO of Forbes & Manhattan, Inc., He holds a Bachelor of Arts

degree from the University of Toronto and an MBA from the Kellogg School of

Management.

Bill Stone, P.Geo, Ph.D., Chief Consulting Geologist Bill has 30 years of experience in all phases of mineral exploration and project

development, predominantly in precious metal and base metal deposits in Canada, USA,

Australia and Europe. Significant expertise in target generation for exploration in frontier,

greenfields, brownfields and near-mine settings. Commodity experience includes

disseminated and narrow vein gold deposits, magmatic PGM and nickel-copper deposits,

and VMS zinc-lead-copper deposits across all scales and settings, including in open pit

and underground mining projects.

Justin Reid, MBA, Director Mr. Reid is a geologist and capital markets executive with over 20 years of experience

focused exclusively in the mineral resource space. Former Managing Director Global

Mining Sales at National Bank Financial, where he directed the firm’s sales and trading in

the mining sector. Former senior mining analyst at Cormark Securities in Toronto and

Executive General Manager at Paladin Energy .Mr. Reid holds a B.Sc from the University

of Regina, a M.Sc from the University of Toronto and an MBA from the Kellogg School of

Management at Northwestern University.

CAPITAL STRUCTURE & MANAGEMENT

www.copperone.com


Excellent mining jurisdiction of Quebec, Canada

TROILUS PROPERTY LOCATION

TSX.V: CUO |

• Acquiring all Troilus mining and exploration

claims and surface rights of approx. 6500 ha

• Current NI43-101 M&I resource of 1.4 million ounces of

gold and 100 million lbs of copper and Inferred resource

of 300,000 ounces and 25 million lbs of copper *

• Current resources calculated at

$US450 gold and $US1.10 copper

• Deposit open at depth and laterally

• Fully permitted mine site and Tailings dam

• Outstanding infrastructure, including power, roads, etc.

• Known metallurgical recoveries: 86% Au and 90% Cu

• 2.5% Net Smelter Royalty

• Assumption of environmental liabilities as at Jan 1, 2014

• First Quantum to backstop current closure bonds of

approx. $4.1M, which is expected to decline to $2M

by end of summer 2014

• FQ Budget for 2014 is $1.5mm for

site care and maintenance

• FQ Budget for 2015 is approx. $700k

dropping to $300k in 2016 for monitoring only

6

REASON FOR A SUCCESS STORY

ACQUISITION PRICE

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*See mineral resource table on slide 8

TSX.V: CUO |

HISTORY & STATUS OF TROILUS MINE

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• Open-pit mine built and operated by Inmet Mining ( Acquired by First Quantum in 2013)

• 2.0 million ounces of gold produced and over 50,000 tonnes of Copper

• Average grade of 1.09 g/t Au and 0.119% Cu

• Metallurgy recoveries of 86% gold and 90% copper

• Milling stopped in June 2010

• Substantially reclaimed with respect to mill site and tailings pond

J4 Pit Z87 Pit

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Technical Report on underground resources completed 2006

• In 2006, Inmet Mining Corp. filed a NI43-101 Technical Report on the

Troilus underground resource completed by Roscoe Postle Associates Inc.

• M&I resources of 1.4 million ounces of gold and 105 million lbs of copper

• Inferred resources of 0.3 million ounces of gold and 25 million lbs of copper

• Resources calculated assuming $US450 gold and $US1.10 copper

• The underground resources are based on 101 diamond drill holes totalling 48.387 metres and 15,999 assays

• Cross section spacing approx 25m to 100m apart, with holes drilled approx 50m - 100 m intervals on section

TROILUS CURRENT MINERAL RESOURCES

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TSX.V: CUO | 9

• Located in east domain of the

Frotet-Evans Greenstone Belt,

Opatica Subprovince of the

Superior Province

• The east domain, called the

Frotet-Troilus domain, consists

of volcanic rocks cut by

granitoid intrusions and

deformed by faults and folds

REGIONAL GEOLOGICAL SETTING

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TSX.V: CUO | 10

TROILUS MINE

• Troilus Diorite, a

multiphase gabbro-

diorite intrusion, is

key rock unit

• Gold mineralization

hosted in brecciated

marginal series rocks

• Mining to date

restricted to 87, J4

and J5 zones.

SOUTHWEST ZONE

LOCAL GEOLOGY

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TSX.V: CUO | 11

Copper One plans to evaluate Troilus open pit models for remaining

resources along and across strike from the Z87 and J4 open pit mines

Z87 open pit, Troilus Mine

AERIAL VIEW - TROILUS OPEN PIT MINE

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Assumptions in 2006

• Ramp and shaft access to zone below Z87 Open Pit Mine

• Cost effective Long hole, open stope, bulk mining method at 10,000 Tpd

• Expected metallurgical recoveries at 86% for Gold and

90% for copper based on 10 year + mine life at Troilus

• Copper One will update Inmet’s internal feasibility study and look expand

resources on the Troilus property that may have become economic in

today’s metal price environment

not to scale

www.copperone.com

TROILUS UNDERGROUND MODELS


• Four large open stopes are included

in the mine plan, separated by non-

recoverable pillars to maintain

stability.

• The stopes range from 110 to 140m

in strike length, and they are

nominally 300m in vertical height.

The dip length of stope hanging walls

is nominally 390m.

• The 3 separating pillars are 70-80m

in strike length. No backfilling of the

stopes is planned.

• A 40m thick crown pillar has been

defined below the ultimate pit. Some

crown pillar recovery is included in

the mine plan.

OPEN STOPES INCLUDED IN MINE PLAN

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Mineral Growth Potential • Along strike of open pit mines

• Between open pit mines

• 86 Zone

• Southwest Zone

• Other priority areas

EXPLORATION UPSIDE

www.copperone.com

TSX.V: CUO | 15

3D image: not to scale

J4 Open Pit Z87 Open Pit

Drill Hole Assays

• View looking north at J4 and Z87 open pit models (grey) and drill hole assays

• Bottom of Z87 Open Pit Mine 300 metres below surface

• Solid red lines correspond to block models below the pits

• Dashed red lines correspond to extensional and additional drill targets

TROILUS RESOURCE EXPANSION

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• Geological map showing exploration drill results for the Southwest and 86 Zones

• Additional infill and extensional drilling required for mineral resource estimations

TROILUS ADDITIONAL EXPLORATION

TSX.V: CUO |

Location: Val-d'Or, Quebec, Canada

Mine type: Underground Mine

Mining: 5,100 tpd

Processing: 8,200 tpd capacity ( currently at 63% of nameplate)

Production: 2014 guidance 90k ounces from dore and concentrate with 93% recovery

Mining Method: Long hole stoping in primary and secondary stopes with paste backfill

Current Mine Depth: D zone 1250m from surface

Total cash costs: $782/oz gold (2013)

Mine site costs: C$32/tonne

Goldex Reserves and Resources:

Reserves of 7.6mm tonnes at 1.52 g/t for 372k ounces of gold

M&I Resources of 30mm tonnes at 1.86 g/t for 1.9mm ounces

www.copperone.com 17

COMPARABLE LOW GRADE OPERATION

Goldex Mine

APPENDICES


Justin Reid, B.Sc, M.Sc, MBA; Director Mr. Reid is a geologist and capital markets executive with over 20 years of experience focused exclusively in the mineral resource space. Mr. Reid

holds a B.Sc from the University of Regina, a M.Sc from the University of Toronto and an MBA from the Kellogg School of Management at

Northwestern University. Mr. Reid started his career as a geologist with SGS and Cominco Ltd after which he became a partner and senior mining

analyst at Cormark Securities in Toronto. In 2009, Mr. Reid was named Executive General Manager at Paladin Energy, where he was responsible for

leading all merger and acquisition, corporate and market related activities. He returned to Canada in early 2011 assuming the role of Managing

Director Global Mining Sales at National Bank Financial, where he directed the firm’s sales and trading in the mining sector.

Simon Marcotte , B.A.A., CFA; Director Mr. Marcotte has some 15 years of capital market experience. He is currently Vice President of Corporate Development for Belo Sun Mining and

Mason Graphite. Previously, he was a Partner at Cormark Securities, covering institutional equity sales in the Montreal and New York markets for a

four-year period. Prior to his role at Cormark, Mr. Marcotte was a Manager, Institutional Sales for CIBC World Markets. Mr. Marcotte holds a B.A.A.

from Sherbrooke University and is a Chartered Financial Analyst (CFA).

Paul Cowley B.Sc., P.Geo. VP Exploration Paul Cowley is a professional geologist with 33 years experience in worldwide exploration for precious metals, base metals, diamonds, coal and

industrial minerals with junior and senior companies, acting in technical and managerial positions. During his 18 years at BHP Minerals, he was

instrumental in the discovery and advancement of four major gold deposits in the Canadian Arctic.

G. Scott Moore, MBA; Chairman and CEO Mr. Moore is currently the COO of Forbes and Manhattan, a leading resource merchant bank. He is the former President and Chief Executive Officer of

Dacha Strategic Metals Inc. , Vice President of Business Development at Aberdeen International and Vice President of Sulliden Gold Corporation Ltd.

He is an experienced business executive in the resource sector having raised over $400 million for mining companies in the last five years. He is also

a director of Mason Graphite, Copper One, Sagres Energy, Brookwater Ventures, Vast Exploration. He holds a Bachelor of Arts degree from the

University of Toronto and an MBA from the Kellogg School of Management.

Benoit Gascon, CPA, CA; Director Mr. Gascon has over 20 yrs of experience in the Graphite & Carbon industries. He is currently the President and CEO of Mason Graphite Inc. and was

previoudly the CEO of Stratmin Graphite which operates the Lac-des-Iles deposit; one of North America's only producing graphite mines. He was

responsible for negotiating the complete take-over of Stratmin Graphite by Imerys SA, a world leader in Industrial Minerals, to form Timcal Graphite &

Carbon. Mr. Gascon, CPA, CA, holds a bachelor’s degree in Business Administration from Haute Etudes Commerciales (HEC, Montreal).

BOARD OF DIRECTORS


TROILUS TAILINGS DAM

TSX.V: CUO |

TROILUS TAILINGS DAM DISCHARGE SPILLWAY


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STOPE DETAILS


TROILUS MINE - LAYOUT OF SHAFT AND CRUSHER AREA


Rivière Dore Exploration Project

• New copper VMS exploration project

• High grade Copper from Surface ( +1.0%)

• Multi-Kilometer trend indicating potential Layered Intrusive VMS complex

• Project on hold pending successful MOU with Barrier Lake Algonquins

CORPORATE STRATEGY


• Greenfield Copper/Gold exploration project

Queylus Project

CORPORATE STRATEGY

TSX-V:CUO

Contact Us G. Scott Moore, President & CEO

Tel: (416) 861-5903

Email: [email protected]

65 Queen Street W, Suite 800

Toronto, Ontario M5H 2M5

www.copperone.com

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