MIRASOL RESOURCES

Focused on gold & silver discoveryMIRASOL RESOURCES

Focused on gold & silver discovery

July 2016

Stephen Nano President & CEO TSX.V: MRZ

OTCPK: MRZLF

Precious Metal Project Generator

Primed for Discovery

MIRASOL RESOURCES

Focused on gold & silver discovery

Cautionary Statement

This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements ofhistorical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expectsto occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified bythe words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”,“would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimatesmay also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actuallydeveloped. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that couldcause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, andcontinued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forwardlooking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Companyundertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, shouldchange.

This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadiansecurities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), the US Securities and Exchange Commission does notrecognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories will ever be converted into reserves.

Stephen Nano, President and CEO for the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific andtechnical information in this presentation.

MIRASOL RESOURCES

2

MIRASOL RESOURCES

Focused on gold & silver discoveryMacro Patterns, Drivers for the Project Generation Business Model

Decade long decline in discovery rates of minable ounces of gold

May equate to 60 million ounces per year short fall

Major decline in exploration spend of last 3 years

Exploration and generative teams disbanded Fewer new exploration projects

12 month trend of improved gold and silver prices

Improving profit margins for producersMoney starting to flow into new greenfields projects

Demand for quality exploration projects Driver for Mirasol’s project generation business model

3

FY2016 Gold – Silver Commodity Price (USD/oz)

GoldUS $1,094.90 $1,326.50

SilverUS $14.75 $20.12

Go

ld P

rice

(U

SD/o

z)

Silv

er P

rice

(U

SD/o

z)

Decade long decline in Gold discovery rates

+3 Years, Steep Decline in Exploration Spend

Mirasol Resources: in Summary

4

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun2015 2016

Mirasol’s Share Price moves ahead of GDXJ IndexCorrelating to large upswing in US and Canadian share volume

Share Price: CA$ 0.84 July 2015 CA$ 2.59 July 2016Share volume: 0.27M July 2015 4.04M June 2016

• Canadian listed project generator focused on gold and silver discovery in Chile and Argentina

• Well funded CA $18.7M Cash in Bank (May FS 2016)

• Conservative capital structure • 44.7 M shares outstanding• 47.2 M fully diluted (2.5 million options)

• Leading edge technology and discovery team

• Active JVs – strong partners, strong projects, strong deals

• Additional drill ready projects – focused on new JV deals

• New large pipeline of quality gold and silver projects in Chile / Argentine highly prospective mineral belts

Share price is responding strongly to positive JV drill results and improving market conditions

MIRASOL RESOURCES

Focused on gold & silver discovery

5

Mirasol Resources: Industry Leading Board and Management

Quality Management / Exploration Team

• Stephen Nano – Founder/CEO/President/Technical QP

• Tim Heenan – Founder/Chile and Argentina Exploration Manager

• Damien Koerber – Chile and Argentina Business Development

• Dr Leandro Echavarria – Principal Exploration Geologist Americas

• Daryl Nunn – Principal Generative Geologist

• Quality team of in-country explorationists

Dana Prince

Chairman

StephenNano

Director

TimHeenanDirector

John TognettiDirector

Borden Putnam

Independent Director

Nick DeMare

Independent Director

Board – strong finance and share market and resource industry backgrounds

High calibre technical teamLeading edge exploration technologiesDiscovery track record in Chile and Argentina

Commitment to keep our shareholders informed • John Toporowski – Manager Investor Relations

MIRASOL RESOURCES

Focused on gold & silver discoveryMirasol Resources: Strong Track Record for Wealth Creation Through Discovery

FY 2015/16 - Leveraging existing quality project bank through JV’s for drill testing

• 2 active quality JVs

• 9,500 m of JV drilling completed in FY 2016

• CA$ 5.4M JV spend in FY 2016

• Delivering encouraging Au+Ag drill results Atlas and Claudia

• Seeking partners for additional JV ready projects

• New pipeline of quality project in premier mineral belts

Primed to take advantage of improving markets

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MIRASOL RESOURCES

Focused on gold & silver discoveryMIRASOL RESOURCES

Focused on gold & silver discovery

MIRASOL PROJECT GENERATION

Generative Program

Targeting giant gold-silver-copper discoveries

Delivering new projects to the pipeline

MIRASOL RESOURCES

Focused on gold & silver discoveryProject Generation: Focus / Pedigree / Capability

Focused on 2 generative regions Atacama – Puna and Santa Cruz

• World class pedigree under-explored precious metal terrains

• Highly compatible with Mirasol’s technology driven generative expertize

• High Calibre generative and exploration teams

• Well-funded aggressive programs

• Contrarian approach to generative exploration

New Atacama – Puna Tertiary age mineral belts of Northern Chile and Argentina

• World Class pedigree with many operating giant gold, silver and copper mines

• Recent multi-million ounce oxide gold discoveries – new wave “company maker” discoveries

• Mirasol Gorbea Belt JV and large portfolio of new quality pipeline projects

Santa Cruz Jurassic age volcanic terrain

• World class high grade gold and silver epithermal terrain

• 4 operating large scale mines and additional new mine development

• Mirasol Claudia - CVSA JV and large portfolio of projects in key mineral districts 8

Tertiary Volcanics

Jurassic Volcanics

Atacama-Puna

Generative

Santa CruzGenerative

MIRASOL RESOURCES

Focused on gold & silver discovery

9

Recognition of epithermal Au Ag in porphyry Cu districts

Project Generation: Atacama – Puna Region

Mirasol Gorbea JVAtlas / Titan Projects

Barrick Gold

New Alturas

Gold Discovery

5.5 Moz gold

Gold Fields New

Salares Norte

Gold Discovery

3.1 Moz gold

Mio-Pliocene AgeVolcanic Belt

Paleocene AgeVolcanic Belt

New Mirasolpipeline Projects

200km

Antofagasta

Santiago

Atacama Puna

Generative

• Investment in new generative program delivering portfolio of quality gold – silver pipleline projects

• Mirasol added approx. 120,000 ha in 25 project areas – dynamic process / new claims pipeline

• Mio – Pliocene belt targeting giant oxide gold discoveries – seasonal but this is where the giants are

• Paleocene belt targeting bonanza grade gold discoveries – year round access / infrastructure advantage

Mirasol positioned to take advantage of upswing in demand for quality projects

Large unexplored alteration systems

Mio-Pliocene Belt -Targeting Giant Oxide Gold Deposits

Paleocene Belt -Targeting High-grade Gold / Silver deposits

MIRASOL RESOURCES

Focused on gold & silver discovery

10

Project Generation: Santa Cruz Argentina

Mirasol Claims

JV / Headline Project

Pipeline Project Jurassic Igneous Rocks

Mine / Development Project

ATACAMA –PUNA

GENERATIVE

SANTA CRUZGENERATIVE

Previous Mirasol success in Santa Cruz

• Discovery and sale of Joaquin Deposit

• Discovery of Virginia Silver Deposit

Mirasol portfolio of quality drill ready projects adjoining active mining districts

33,150 ha of new claims staked in FY 2016 consolidating project positions & adding new pipeline projects

New Joint Venture Claudia gold project with Cerro Vanguardia mines (AngloGold Ashanti / Formicruz)

Focus on delivering additional near mine deals Short timeline to production/cash flow

MIRASOL RESOURCES

Focused on gold & silver discoveryMIRASOL RESOURCES

Focused on gold & silver discovery

MIRASOL PROJECT BANK

Large portfolio of quality drill ready projects

Delivering strong JVs with producers

Gorbea JV Atlas gold project drilling

CVSA JV Curahue Trend first drill results

MIRASOL RESOURCES

Focused on gold & silver discovery

12

Mirasol Project Bank – Drill Ready Projects Chile and Argentina

• Atlas Au-Ag

• Titan Au-Ag

• Claudia Au-Ag

• Virginia Ag

• La Curva Au

• Rubi Cu - Au

• Espejo Au-Ag

• Libanesa Ag

• Morito Au-Ag

• Sascha Au-Ag

• Homenaje Au-Ag

2 Active JVs

Gorbea JV &

Claudia-

CVSA

Additional drill

ready projects

Headline

Projects

ready for JV

Large Drill Ready Portfolio Focused on new JV deals

*see news releases*Claudia (July 26, 2016) Atlas (April 25, 2016)

Virginia (March 29, 2016)Titan (Nov 25, 2013)Rubi (April 2, 2015)

La Curva (Jan 23, 2014)

MIRASOL RESOURCES

Focused on gold & silver discoveryChile: Gorbea JV - Atlas Gold Silver Drill Results and IP Geophysics targets

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Atlas

Project

South

America

• Gorbea JV terms for portfolio of 7 projects including the Atlas and Titan projects • 4 years to earn 51% by spending US$ 10M and making US$ 2 million in staged cash payments• Additional 2 years earn 65% by delivering a PEA with minimum resource 1M Oz gold• Additional 1 years earn 75% by delivering a feasibility study, decision to mine and by funding to

production Mirasol’s 25% equity position in the project.

Strong deal terms targeting large stand alone gold discovery

• Encouraging drill results at Atlas confirm large, deeply oxidised high sulphidation epithermal system of the style that has produced bulk minable gold – silver deposits in this mineral belt

• Best results to date include 40 m at 1.38 g/t Au and 17.9 g/t Ag including 28 m at 1.82 g/t Au and 22.0 g/t Ag• Intersections are deep but up dip potential for near surface mineralisation is untested• A range of additional drill targets warrant testing at Atlas for large scale bulk minable gold mineralization • Second season of exploration anticipated to start in October – November 2016

MIRASOL RESOURCES

Focused on gold & silver discovery

14

Argentina: Claudia – CVSA JV Curahue Prospect Drilling

Claudia gold-silver project5 separate drill ready prospects

Adjoins Cerro Vanguardia mine (AngloGold–Ashanti / Formicruz) district total 8.6 Moz Au and 135 Moz Ag

Joint Venture option terms:

• Year 1 commitment 6,000 m drilling, US$ 200 K geophysics, US$ 2 M spend

• 2 years to earn 51% - 12,000 m drilling, US$ 400 K geophysics, US$ 5 M exploration spend + US$ 1 M cash payments to Mirasol

• 2 additional years to earn 65 % with delivery of PEA with +350,000 oz inferred resource

• 2 additional years to earn 75 % with delivery of pre-feasibility with minimum 350,000 ozresource, decision to mine and provide funding for Mirasol’s 25 % equity position

Deal structured to facilitate rapid exploration and development as satellite deposit to Cerro Vanguardia Mine

Cerro Vanguardia Gold-Silver Mine8.6 Moz Au & 135 Moz Ag

Curahue

Pits

Mill

Rio Seco

Cilene

L. BlancaAilen

Cerro Vanguardia Claims

Mirasol Claudia Claims

6 Holes Drilled

for 590m

29 Holes Drilled

for 2,960m

18 holes with

assays returned

Base Image: Gradient Array Resistivity

3 Holes Drilled

for 290m

4 Holes Drilled

for 426m

Mirasol - CVSA JV Claudia Project

Claudia

Project

South

America

2 km

LEGEND

RC drill holes (assays pending)

RC drill holes (assays returned)

Gradient Array resistive geophysical bodies

Rockchips assays+ 1 g/t AuEquiv (Au+Ag/60)

2 km

MIRASOL RESOURCES

Focused on gold & silver discoveryArgentina: Claudia – CVSA JV Curahue, Io Trend Initial Drill Results

Drilling to date 100% focused at > 15 km long Curahue prospect

• 39 RC and > 4 Diamonds to date totalling > 3,700 m since May

• Assays received for 18 RC Holes on “Io” trend

• Narrow high-grade intervals inc:

• 0.5m at 7.35 g/t Au & 448.9 g/t Ag

• 1.0 m at 5.15 g/t Au & 580.6 g/t Ag

• 1.0 m at 4.58 g/t Au & 180.5 g/t Ag

• Broader low-grade intervals inc:

• 66.5m at 0.42 g/t Au & 64.74 g/t Ag

• 39.5m at 0.70 g/t Au & 74.89 g/t Ag

• 27.5m at 0.56 g/t Au & 48.33 g/t Ag

Suggesting potential for both mill and near surface heap-leach type Au + Ag mineralization at Curahue

Improving grades to depth

Further drilling in progress

1 of 5 prospects at Claudia

IORC-55

IORC-28

IORC-26

IORC-58

IORC-44

IORC-41IORC-27

IORC-40IORC-29

IORC-45

IORC-38

IORC-39IORC-43

IORC-65IORC-64

IORC-66

IORC-63

IORC-35

IORC-36

IORC-33

IORC-34

IORC-31

IORC-32IORC-42

IORC-37

No drillingthis section

No drillingthis section

Gradient ArrayResistivity Anomaly

Preliminary3D Vein Model

500 m

LEGEND

Completed RC drilling (assays pending)Labelled with Hole ID

Completed RC drilling (assays returned)Labelled with Hole ID

Gradient Array resistive geophysical bodies

Section 2

IORC-41 IORC-27IODDH-02

Quaternary Soils and Sediments

TR-Curr-126

AwaitingAssays

150m

100m

RL

94m

128m

Awaiting Assays

8.5m @ 1.19 g/t AuEq60

27.5m @ 1.37 g/tAuEq60

66.5m @ 1.50 g/tAuEq60

Interpreted true width of vein interval 25m

13m @ 2.56/t AuEq60

7.5 m @ 1.94 g/tAuEq60

Section 2

Histogram % Quartz Veining

IORC-XX Reverse Circulation Drill hole

IODDH-XX Diamond Drill hole

TR-CURR-XX Surface Trench25 m

200m

15

Argentina: Virginia District – High Grade Silver Resource with New Exploration Potential

• Outcropping Ni 43-101 compliant pit constrained silver resource of indicated 11.93 Moz at 310 g/t Ag and inferred 3.06 Moz at 207 g/t Ag

• Outlined a series of new drill targets within the existing claims defined by high grade outcrop / trench channel silver results +/- geophysics

• Data analysis suggests that the Virginia Silver system may extend outside Mirasol’s claims

• Mirasol is in the process of consolidating surrounding exploration claims to test this and anticipates starting reconnaissance in August

16

7.25 M oz Ag @ 402 g/t 55 K oz Ag @ 344 g/t

1 km

Untested Drill Targets (1 to 5)

1.

2.

3.

4.

5.

1 km

1.0 M oz Ag @ 184 g/t 457 K oz Ag @ 187 g/t

1.02 M oz Ag @ 291 g/t 343 K oz Ag @ 175 g/t

412 K oz Ag @ 285 g/t 1.24 M oz Ag @ 268 g/t

287 K oz Ag @ 154 g/t 1.24 M oz Ag @ 268 g/t

160 K oz Ag @ 184 g/t

1.9 M oz Ag @ 239 g/t 571 K oz Ag @ 189 g/t

>10 g/t Ag Lab assay rock chip

>10 g/t Ag PXRF assay rockchip

Virginia

Project

Veins

Proposed Pit Outlines

Mineral Resource label

I Indicated resourceI Inferred resource

Rockchip AssaysAg g/t

250 to 25,080

120 to 250

30 to 120

7.251 M oz Ag @ 402 g/t 55 K oz Ag @ 344 g/t

Veins

Rockchip AssaysAg g/t

250 to 25,080

120 to 250

30 to 120

Drill hole collar

Drill hole trace

MIRASOL RESOURCES

Focused on gold & silver discoveryMirasol Resources Looking Ahead

17

• Active drilling at Claudia – CVSA JV delivering further results over coming months

• New seasons exportation to for Gorbea JV anticipated start up to 2nd season of exploration summer 2016

• Initiating new phase of exploration at Virginia high grade silver project in September 2016

• Actively perusing new JV deal on our drill ready projects

• Initiating exploration on Mirasol’s new pipeline projects in the Atacama – Puna region

MIRASOL RESOURCES

Focused on gold & silver discovery

18

Mirasol Resources Summary

Demonstrated track record → Discovery to liquidity event

Conservative share structure 44.7 million issued shares → Managing our capital structure

Well funded CAD $18.7 million

Strong Joint Ventures delivering encouraging gold – silver drill results

Focused on delivering new deals on existing project bank

Aggressive counter cyclic project generation program has delivered (and is delivering) new quality projects

Position to deliver shareholder value creation via discovery in an improving precious metals market

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