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SGP – Marzo 2019

Disclaimer
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
Resumen Ayawilca
Tinka descubrió un nuevo yacimiento de zinc en su
proyecto Ayawilca en el 2012 – es ahora uno de los Peru
recursos de zinc más grandes que no sea de propiedad de
una productora y está ubicado una de las principals
franjas de zinc del mundo
 Ubicado en la franja minera del Perú Central que alberga
yacimientos polimetálicos muy importantes Ayawilca
 68,000 metros de perforación a la fecha
 Recursos Mineros al 26 de nov., 2018:
 Zona de Zinc –11.7 Mt Indicado @ 8.1% zinc equivalente (ZnEq)*
45.0 Mt Inferido @ 6.7% zinc equivalente

 Zona de Estaño – 14.5 Mt Inferido @ 0.70% Sn equivalente (SnEq)*

 Nuevos sondajes planeados para mayo 2019

 PEA en marcha - resultados esperados para mediados de 2019
* Ver tablas de recursos para cálculos de ZnEq y SnEq 3
Recurso de Zinc (Nov. 2018 con ley de corte de $55 NSR)
 Incluye ~20,000 metros de perforación el 2018 (~68,000 metros desde 2011-2012)
 1.8 mil millones de libras de zinc en categoría Indicados (24% del total)
 5.6 mil millones de libras de zinc en categoría Inferidos (76% of total)
 Resumen de los recursos de zinc en Ayawilca: Notes:
• CIM definitions were followed for Mineral Resources.
Tonnage ZnEq Zn Pb In Ag Zn Pb In Ag • Mineral Resources are reported above a cut-off NSR value
Category/Area (Mt) (%) (%) (%) (g/t) (g/t) (Mlb) (Mlb) (t) (Moz) of US$55 per tonne.
• The NSR value was based on estimated metallurgical
recoveries, assumed metal prices and smelter terms, which
Indicated include payable factors, treatment charges, penalties, and
refining charges. Metal price assumptions were: US$1.15/lb
West 7.8 7.7 6.5 0.20 72 15 1,126 35 561 3.9 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
South 3.9 9.1 7.6 0.09 108 16 652 8 422 2.0 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

Total Indicated 11.7 8.1 6.9 0.16 84 15 1,778 42 983 5.8 gram Ag.
• The NSR value was calculated using the following formula:
NSR = [Zn(%)*US$15.34+Pb(%)*US$4.70+
Inferred In(g/t)*US$0.18+Ag(g/t)*US$0.22]
• The ZnEq value was calculated using the following formula:

West 5.0 7.1 6.4 0.27 34 17 699 30 170 2.8 ZnEq = NSR/US$15.34
• Numbers may not add due to rounding.
• “Inferred Mineral Resources” have a great amount of
Central 18.6 5.6 4.6 0.23 62 12 1,884 95 1,153 7.5 uncertainty as to their existence, and as to their economic
and legal feasibility. It is reasonably expected that the

East 11.3 5.9 5.0 0.18 56 14 1,238 44 633 5.0 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
South 10.2 9.6 7.9 0.27 103 30 1,764 61 1,047 9.9 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
Total Inferred 45.0 6.7 5.6 0.23 67 17 5,585 230 3,003 25.2 part of an Inferred Mineral Resource exists, or is

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economically or legally mineable.
Perú Central – Infraestructura
Antamina:
Mina de cobre/zinc más
grande del Perú

Cerro de Pasco:
Mina histórica más grande
de plata/zinc del Perú

Ayawilca
 Tinka posee 170 km2 de
concesiones (100%)
 Buena infraestructura –
electricidad,
carreteras, agua
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Historia del Proyecto Ayawilca

Descubri
Tinka Nuevo PEA para
-miento
explora Descubri recurso mediado
Prospec- Tinka Primer de
la zona -miento de 7.3 s de año.
to de denun- recurso Ayawilca
de plata de Zinc mil Perfora-
plata cia el en Sur.
de the en millones ción
pre-Tinka proyecto Ayawilca Recurso
Colqui- Ayawilca de libras inicia en
actuali-
pucro de zinc abril
zado

~65,000 metros perforados por Zn y Sn

6
Ayawilca – Sin mucho que ver en superficie
Geología Regional
Geología de Proyecto

• 100 % de propiedad de Tinka Resources

• ~17,000 hectáreas de concesiones mineras
• Sin contratos de opción subyacentes
Recurso creciente en Ayawilca

500 m

10
Ayawilca Plan View with Geology Ayawilca Geología & Mineralización

11
Ayawilca Geoquímica de Suelos – Zn-Pb

Suelos Zn ppm Suelos Pb ppm

Ayawilca – Anomalías Magnéticas
Airborne Magnetics - RTP

Chaucha

500 m.
 Aeromagnetometría completada
durante el 2016 sobre toda la
Valley propiedad de Tinka
Zone 3
 Anomalía RTP generalmente coincide
West con el recurso actual
Ayawilca
 Trend structural difiere del trend Andino
Central NW-SE
Ayawilca
 Las anomalías se extienden hacia el
noreste y suroeste con anomalías
paralelas, especialmente alrededor de
la zona Yanapizgo
South
Ayawilca
Muestras de roca de hasta 19%
Yanapizgo
Pb, 9% Zn, y 500 g/t Ag (sin
permiso de perforación vigente)
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Ayawilca – Anomalías de Gravedad
Anomalías Bouger Residual

Chaucha
 Fuerte anomalía Bouger residual coincide
500 m. con manto de pirrotita masiva que contiene
la mineralización de estaño en la base de la
Valley caliza del Pucará
 Zonas de alta ley de zinc se encuentran en
Zone 3 los bordes de la principal anomalía
West
Ayawilca gravimétrica
Central
 La anomalía se extiende hacia el noreste
Ayawilca siguiendo una orientación similar a la
anomalía magnética
 Estos métodos geofísicos son los principals
métodos de exploración indirecta usados
para direccionar la exploración en Ayawilca
South
Ayawilca
Muestras de roca de hasta 19%
Yanapizgo
Pb, 9% Zn, y 500 g/t Ag (sin
permiso de perforación vigente)
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Ayawilca Plan View with Geology Ayawilca Geología & Mineralización

15
 Ayawilca – Sección Longitudinal
 Mantos repetidos en los bordes de la caliza del Pucará
 Mineralización de estaño en la base de la Formación Pucará
Ayawilca Long Section A-A’

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 2018 – Actualización del Recurso Mineral
 Ayawilca Oeste y Ayawilca Sur
contienen las zonas más potentes y de
mayor ley de zinc
 2018 – Una parte importante de
Sección B-B’

Ayawilca Sur y Oeste están ahora en

la categoría de Indicado

Ayawilca Resource Growth 2015 to 2018

60
INFERRED
50

40

Resources (Mt)
Inf. 2018; 6,738
Sección C-C’

30 Inf. 2017; 6,873

Inf. 2016; 3,385

Inf. 2015; 2,258

20 Ind. 2018; 2,149

INDICATED
10

Bubble size indicates contained zinc-equivalent pounds (Mlbs)

0
2014 2015 2016 2017 2018 2019

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 New Geological Interpretation

Serie de sobreescurrimientos
repitiendo filita sobre caliza –
control de mineralización

100 metros de caliza

repetida
 Alta Ley: 10 metros @ 44% Zinc
 Alta ley de zinc ubicado en caliza repetida en Ayawilca y vetas alimentadoras

Esfalerita masiva (90%), otros sulfuros (10%) Veta alimentadora de esfalerita en

Hole A18-129 - 10 metros @ 44% Zinc filita A18-132 - 7 metres @ 20% Zinc 19
Ayawilca Sur – Resultados Destacados
Zn Pb Indium Date
Drill hole From (m) To (m) Interval (m) (%) (%) Ag (g/t) (g/t) Reported
A17-56 126.00 189.90 63.90 5.6 0.1 17 29 March 6/17
including 127.50 145.40 17.90 11.6 0.2 36 20 March 6/17
including 127.50 133.30 5.80 22.5 0.3 77 50 March 6/17
and 228.50 233.70 5.20 12.9 0 11 162 March 6/17
and 242.00 293.9* 51.90 10.1 0.1 62 233 April 3/17
including 279.00 293.90 14.90 20.6 0.2 152 441 April 3/17
including 279.00 285.40 6.40 37.5 0.4 301 916 April 3/17

A17-57 157.60 197.70 40.10 9.1 0.2 22 168 April 3/17

including 168.20 177.80 9.60 16.8 0.1 22 299 April 3/17
and 264.00 279.30 15.30 20.0 2.5 102 263 April 3/17
including 265.75 269.00 3.25 34.5 2.1 96 196 April 3/17
including 274.40 277.70 3.30 42.7 0.6 61 908 April 3/17

A17-096 241.50 287.00 45.50 7.8 0.0 8 111 October 2/17

including 250.80 261.40 10.60 15.5 0.1 23 320 October 2/17
and 298.40 300.10 1.70 7.3 0.0 7 46 October 2/17
and 304.80 308.60 3.80 8.3 0.0 6 82 October 2/17
and 315.20 356.00 40.80 9.4 0.1 15 145 October 2/17
including 319.00 324.00 5.00 17.2 0.0 28 591 October 2/17
including 342.60 354.50 11.90 17.4 0.1 20 80 October 2/17

All assays are calculated using a zinc cut off grade of 2% Zn over a 6 metre interval.
True thickness of the zinc intersections are estimated to be at least 85% of the down hole thickness.

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Ayawilca Oeste – Nuevos sondajes en 2018
Zn Pb
Drill hole From (m) To (m) Interval (m) (%) (%) Ag (g/t) Indium (g/t) Date Reported
A18-114 300.00 319.30 19.30 9.2 0.2 19 2 April 25, ‘18
including 300.00 304.00 4.00 16.2 0.2 26 2
and 351.40 365.80 14.40 12.8 1.9 140 98
including 352.30 354.30 2.00 11.8 12.1 837 292
including 357.00 358.40 1.40 29.2 0.4 58 24
including 361.20 365.80 4.60 16.8 0.1 15 26
A18-118 237.30 343.80 106.50 6.8 0.2 17 48 May 24, ‘18
including 237.30 240.20 2.90 24.1 1.7 109 4
including 252.30 264.10 11.80 6.4 0.2 24 1
including 270.00 293.90 23.90 9.2 0.0 15 14
including 311.90 343.80 31.90 9.6 0.3 19 138
including 334.00 343.80 9.80 17.0 0.1 25 330
A18-129 197.60 218.00 20.40 4.2 0.1 7 1 Jun 26 ’18
and 260.00 281.20 21.20 9.0 0.1 13 53
including 277.00 281.20 4.20 19.2 0.1 17 186
and 290.50 297.00 6.50 11.0 0.1 8 52
and 339.40 351.30 11.90 39.6 0.8 45 761
including 340.60 351.00 10.40 44.0 0.4 43 869

Note: True thicknesses of the zinc intersections are estimated to be at least 85% of the down hole thicknesses shown above
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 Mineralización de Estaño

A17-063 Ayawilca Sur – En pirrotita masiva A18-113 Zona 3 – En pirita masiva 22

 Zona de Estaño – Recurso 2018
 Ayawilca contiene un recurso significativo de estaño – el más grande
recurso en el Perú fuera de la mina San Rafael de Minsur
 El estaño se vende actualmente alrededor de US$9/lb,
aproximadamente 7.2x el valor de zinc

Recursos Minerales Inferidos en la Zona de Estaño

NSR US$/t Tonnage SnEq Sn Cu Ag Notes:

Cut-off (Mt) (%) (%) (%) (g/t) • CIM definitions were followed for Mineral Resources.
• Mineral Resources are reported above a cut-off grade of US$55 per tonne NSR value.
40 17.1 0.65 0.57 0.20 18 • 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%
50 15.9 0.67 0.60 0.20 18 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$0.22 per gram Ag.
• The NSR value was calculated using the following formula:
55 14.5 0.70 0.63 0.21 18 US$NSR = [Sn(%)*US$155.21+Cu(%)*US$37.59+Ag(g/t)*US$0.22
(Base Case) • The ZnEq value was calculated using the following formula: SnEq = NSR/US$155.21
• Numbers may not add due to rounding.
60 12.5 0.76 0.68 0.22 17 • “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
70 10.1 0.84 0.76 0.23 18 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
80 8.3 0.92 0.84 0.25 19 exists, or is economically or legally mineable.

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Evolución del Recurso de Zinc
•13.3Mt @ 5.9% Zn, 0.2% Pb, 68 g/t In y 14 g/t Ag
Febrero 2015 •100% en categoría de Inferidos
•18,330 metros de perforación

•18.8 Mt @ 5.9% Zn, 0.2% Pb, 74 g/t In y 15 g/t Ag

Mayo 2016 •100% en categoría de Inferidos
•27,248 metros de perforación

•42.7 Mt @ 6.0% Zn, 0.2% Pb, 79 g/t In y 17 g/t Ag

Octubre 2017 •100 % en categoría de Inferidos
•41,828 metros de perforación

•11.7 Mt @ 6.9% Zn, 0.16% Pb, 84 g/t In y 15 g/t Ag Indicados

Noviembre 2018 •45.0 Mt @ 5.6% Zn, 0.23% Pb, 67 g/t In y 17 g/t Ag Inferidos
•68,173 metros de perforación
Paragénesis – Magnetita temprana y pirrotita

0.5 cm

Ayawilca: pirita idiomórfica Cerro de Pasco: pirita idiomórfica

reemplazando pirrotita y magnetita reemplazando pirrotita en una de
temprana los “pipes” tempranos de pirrotita
(Fontbote, pers. comm.)
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Paragénesis II – Esfalerita-pirita tardía
Paragénesis de Ayawilca
MINERALOGIA STAGE A (LS) STAGE B STAGE C (IS)
Magnetita
Pirita
Pirrotita
Cuarzo
Mackinawita
Arsenopirita
Lollingita
Intermedio P.
Calcopirita
Esfalerita(+Fe)
Casiterita
Estannita
Herzenbergita
Sulfosales(Cu)
Esfalerita(-Fe)
Bismutinita
Bismuto Nativo
Galena
Sulfosales(Pb/Ag)
Marcasita
Siderita Fuente: Benites et al., 2019
Similitudes con Cerro de Pasco

Evento temprano de pirrotita en

Ayawilca (Harlaux et al. 2019)

Probable interacción con de fluido

hidrotermal >350°C con agua
meteórica a poca profundidad

Evento temprano de pirrotita en Cerro

de Pasco (Rottier et al. 2017)

Despósito polimetálico epitermal de

tipo “Cordillerano”. Temperaturas
similares a Ayawilca
Resumen Ayawilca
 Descubrimiento realizado en el 2012 por Tinka y
que ha crecido constantemente desde
entonces
 Mineralización ciega
 Depósito tipo CRD con muchas similitudes con
Cerro de Pasco
 Albergado en caliza del Triásico-Jurásico
 Repeticiones de caliza son blancos exploratorios
 Magnetita temprana reemplazada por pirrotita
seguida por fase principal de esfalerita-pirita
 PEA en marcha – a terminar a mediados de
2019
 Perforación reinicia en abril 2019
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Tinka Resources Limited

CORPORATE OFFICE
Suite 1305 - 1090 West Georgia St
Vancouver, BC V6E 3V7
CANADA
Ph: +1 604 699-0202
Fax: +1 604 683-1585

FOR MORE INFORMATION

Dr. Graham Carman, President & CEO
info@tinkaresources.com
Rob Bruggeman, Investor Relations
rbruggeman@tinkaresources.com
+1 416 884-3556

30