A New Project Generator in the Americas

March 2019
Technical Presentation

Recently uncovered Yellow Bowl gossan, Todd Creek

 Forward Looking Statement Disclaimer
The technical contents of this presentation were reviewed by Jeff Kyba, P.Geo., the Company's Vice President of Exploration and a Qualified Person as
defined by National Instrument 43-101.
The information provided in this presentation is provided solely for general knowledge purposes. This presentation is not intended to be a comprehensive
review of all matters and developments concerning the Company and the Company assumes no responsibility for its completeness, accuracy and
currency. Although information used in this presentation is believed to be accurate as at the date hereof, it may not be accurate when read. The Company
does not undertake to update any of the information provided in this presentation. For current information please refer to the Company's filings on SEDAR
(www.sedar.com) or contact the Company.

THIS PRESENTATION IS PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND, INCLUDING WARRANTIES OF
MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT
SHALL THE COMPANY, ITS DIRECTORS, OFFICERS OR EMPLOYEES BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT
LIMITATION, DAMAGES DUE TO LOSS OF PROFITS OR BUSINESS INTERRUPTION) DUE TO THE READER’S USE OF THIS PRESENTATION.

This presentation is not to be construed as an offer to sell, or a solicitation of an offer to buy securities of the Company. An offer to sell, or a solicitation of
an offer to buy securities of the Company can only be made by a broker-dealer registered in all jurisdictions in which such an offer is being made and only
if such offer is otherwise made in accordance with all applicable securities laws, regulations, and rules of any kind whatsoever. The information in this
presentation is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities
legislation of any jurisdiction applicable to the Company. No securities commission has in any way passed on any of the information contained in this
presentation. This presentation contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than
statements of historical fact, that address future production or revenue, reserve potential, exploration drilling, exploitation activities and events or
developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts
and are generally, but not always, identified by the 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 estimates may 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 actually developed. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may
differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, actions by operators of the
Company’s royalty projects, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of
future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking
statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company
undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors,
should change.

THE FOREGOING LIMITATIONS AND DISCLAIMERS APPLY REGARDLESS OF THE CAUSES OR CIRCUMSTANCES GIVING RISE TO THE LOSS,
DAMAGE, CLAIM OR LIABILITY, EVEN IF SUCH LOSS, DAMAGE, CLAIM OR LIABILITY IS BASED UPON BREACH OF CONTRACT (INCLUDING,
WITHOUT LIMITATION, A CLAIM OF FUNDAMENTAL BREACH OR A BREACH OF A FUNDAMENTAL TERM), TORT (INCLUDING, WITHOUT
LIMITATION, NEGLIGENCE) OR STRICT LIABILITY.
 Introduction

• ArcWest Exploration Inc. is a world class team of technically oriented explorationists

with a track record of discovery and a history of safe, successful and under-budget
project management
• An exciting range of early stage to drill ready projects throughout British Columbia’s
premier metallotects includes a large, underexplored land position in one of the world’s
richest copper-gold districts, B.C.’s Golden Triangle
• Management has a strong track record of attracting well funded senior partners to
de-risk the exploration process. Recent previous partners include Freeport McMoRan,
Robert Friedland group companies, ITOCHU and Antofagasta
• As a project generator our primary focus is on the North American Cordillera in areas
with high quality projects, recent discoveries and a history of mine development
Technical Team

Tyler Ruks (PhD) Jeff Kyba (BSc, PGeo) Nigel Luckman (BASc, PGeo)

John Bradford (MSc, PGeo) Dave Broughton (PhD) JoAnne Nelson (MSc)
 Experienced Project Generators

• The ArcWest team is a dynamic, technically oriented management group guided by

industry veterans with a long history of success as prospect generators and mine
finders

• The award-winning technical group combines a deep geological knowledge base with a
solid track record of exploration and discovery including multi-million ounce gold
deposits in Peru, B.C. and Ontario, and world class copper and PGE-nickel-copper
deposits in Africa

MANAGEMENT
Tyler Ruks, MSc, PhD – President Nigel Luckman, BASc, PGeo – Chief Operating Officer
Jeff Kyba, BSc, PGeo – Vice President, Exploration John Meekison, CPA, CMA – Chief Financial Officer

BOARD OF DIRECTORS TECHNICAL ADVISORY BOARD

Greg Beischer John Meekison John Bradford
Joel Dumaresq Tyler Ruks David Broughton
Tony Barresi Nigel Luckman JoAnne Nelson
 What is a Project Generator?
• Mineral exploration companies that acquire early stage,
technically prospective projects by staking or reasonable
third party deals. Project
acquisitions
• After completing geological mapping, geochemical sampling and
early stage geophysical surveys (i.e. the least expensive phases
of exploration), projects are typically partnered with mid-tier or
major mining companies who will undertake the more expensive Geology,
geochemistry
phases of mineral exploration (e.g. diamond drilling) Discovery
and
geophysics
• Maintaining operatorship of the project with an associated
management fee provides positive cash flow for the company.
A 7.5% to 10% management fee is typical
• A minority interest in the project is retained as well as a
Net Smelter Return (NSR) or other royalty providing exposure Partner
to project upside funded drill
Multiple joint
testing on
ventures
• Project generators minimize share holder dilution and drill test multiple
projects
more targets than traditional mineral exploration companies

More targets tested = improved chance of exploration success !

600
(CAD millions)

500
Capitalization

400
Market

300
200
100
0
Altius Reservoir EMX
Projects

• ArcWest has acquired large land positions in

several B.C. mining districts including the
Golden Triangle, Toodoggone, Quesnel
Trough, Skeena Arch and northern Vancouver
Island.
• All contain strong discovery potential and are in
proximity to significant producing or past
producing mines.
• Seven 100% owned projects comprise over
800 square kilometers of mineral claims:
• Oweegee: Cu-Au porphyry, VMS
• Todd Creek/Poly: Cu-Au porphyry, VMS
• Sparrowhawk: Cu-Au porphyry
• Oxide Peak: Cu-Au porphyry
• Eagle: Cu-Au porphyry
• Rip: Cu-Mo porphyry
• Teeta Creek: Cu-Mo-Au porphyry
• Recently sold the Willoughby Project to
Strikepoint Gold Inc. with a retained NSR.
Golden Triangle Projects: Todd Creek and Oweegee
• The Golden Triangle is one of the world’s
richest gold-copper metallotects, with both high
grade Au-Ag epithermal and VMS (Eskay
Creek, Brucejack, Snip) and large tonnage Au-
Cu porphyry deposits (KSM, Galore Creek,
Red Chris)
• Numerous discoveries in recent years have
underlined the continued prospectivity of the
district (e.g. VOK, Iron Cap, Kerr Deep, North
ROK and Saddle)
• Exciting exploration potential exists at surface
in areas of glacial recession, and at depth, with
deeper drilling defining large, higher grade
Oweegee extensions of known porphyry systems (e.g.
Red Chris, Kerr Deep)
• ArcWest has acquired a large land position in
the relatively underexplored southeastern part
of the belt, where discovery potential exists for
high-grade gold, polymetallic volcanogenic
massive sulfide (VMS) and porphyry Cu-Au
deposits
Golden Triangle Projects: Todd Creek

South Zone, Todd Creek

 Golden Triangle Projects: Todd Creek

• The Todd Creek project encompasses a 3 by

12 km corridor of alteration and Cu-Au and
polymetallic showings flanking a significant
regional N-S structure in the Hazelton Group
Waterfall volcanic arc
Orange
Smokin’
Mtn • The corridor comprises extensive gossans and
untested Cu-Au porphyry/epithermal and high
grade polymetallic/VMS targets, including one of
Fall Creek the largest untested gossans in the Golden
Knob Triangle (Yellow Bowl Zone)
Ice Creek
• Shallow historical drilling focused on the South
and Fall Creek Zones has outlined a historical
Yellow
resource of 207,000 t @ 5.48 g/t Au + Cu credits
Bowl (Hemlo GM, 1988) at the South Zone

Shallow historical drill intercepts, Todd Creek

South Zone Zone DDH From To Int Au Cu
(m) (m) (m) (g/t) (%)
Fall Creek 88-22 29.3 41.95 12.65 7.61 1.58
Ice Creek 88-47 36.65 49.65 13.00 2.73 0.59
VMS South 88-19 59.5 89.25 29.75 3.61 0.27
Pyrophyllite
 Todd Creek South Zone: Similarities to Hod Maden?

Hod Maden

Gold enriched chalcopyrite within hematite dusted

chalcedonic quartz matrix-fill hydrothermal breccia
(www.marianaresources.com, 2016)

Todd
Creek

TC08-001
South Zone
Todd Creek 2018: Prospects and Sample Locations
 Todd Creek 2018: Exploration Program

• 6.4 line km of IP geophysical surveys across the Yellow Bowl

porphyry Cu-Au target area
• 94 rock chip samples validated historical data and tested new
exposed zones and returned exceptional results:
• Yellow Bowl hydrothermal breccia (right): Five grab samples
(S851069-72 & S851081) collected from across > 65 m strike
length averaged 3.45% copper.
• Copper bearing intrusions identified
• Property tours with several major and mid-tier mining companies
• Ongoing negotiations for a partner funded 2019 drill program

Sample 851081: 4.52% Cu, 0.2 g/t Au

Hematite-dusted,
chlorite-epidote
altered monzodiorite
with 8% fine
disseminated pyrite,
trace chalcopyrite,
Yellow Bowl
VMS Zone: Pyrite-sphalerite-galena-chalcopyrite massive sulfide. Brecciated in
part, clasts of sub-rounded chalcopyrite in very-fine sooty sulfide matrix
 Todd Creek: Yellow Bowl Samples - Copper in Rocks

2018 Samples ALL Samples

 Todd Creek: Yellow Bowl Samples - Gold in Rocks

2018 Samples ALL Samples

 Todd Creek: Yellow Bowl Zone

• Volcanic rocks intruded by monzodiorite dykes are cut by

east-west trending intrusive and magmatic-hydrothermal
sulfide-rich breccias over a 3 km strike length
• Strongly mineralized breccias contain grades greater than
1% Cu, and up to 1.5 g/t Au
• 2018 IP survey indicates a strong chargeability anomaly at
depth
• This large, extensively Cu-Au mineralized target has
never been drilled

Tyler Ruks at Yellow Bowl

(a) (b)

Yellow Bowl: Cu-Au bearing sulfide breccia (a) and qtz-cpy-vein

clast breccia in qtz-cb-pyrite matrix (b)

Tyler’s location at Yellow Bowl

 Todd Creek: Yellow Bowl Intrusions

Very strong sericite-pyrite-silica replaced intrusive rock, relic

feldspar phenocrysts replaced by clay, abundant (>15%) fine
grained disseminated and vein concordant anhedral –subhedral
pyrite. Meter-scale enveloping zones of mm-scale pyrite and
qtz-pyrite, stock-work veinlets

Hematite-dusted, chlorite-epidote altered monzodiorite with 8% fine Sample L65607: Semi massive pyrite in very strong QSP
disseminated pyrite, trace chalcopyrite, Yellow Bowl replaced intrusive; minor interstitial med-grained chalcopyrite:
1.26% Cu, 0.4 g/t Au
 Todd Creek: Yellow Bowl Intrusive Breccias

Intrusive polymict contact breccia between monzodiorite and andesite lapilli- tuff, 3-5 m wide: Clasts (40-60%) monzonitie, diorite, mafic-
pyx-pheric volcanic rocks, qtz veins and minor thinly laminated tuff; Matrix (40-60%) dark green-grey, fine grained, siliceous, hard.
Moderate, pervasive chlorite-epidote matrix and clast replacement.
 Todd Creek: Yellow Bowl Copper-bearing Breccias
Qtz vein +/- cpy clasts

Sample 851071: 4.0% Cu, 0.05 g/t Au Sample 851072: 3.7% Cu, 0.06 g/t Au
Hydrothermal Cu bearing breccia: Clasts (50%) angular to sub rounded, white-light grey; fine-med grained, QSP replaced diorite and subangular,
aphanitic qtz vein fragments with common fine, disseminated and weakly net-textured chalcopyrite, weak to moderate malachite stain and minor azurite
and 1-15 cm rounded to angular massive pyrite; Matrix (50%) intermediate and light grey aphanitic quartz, fine grained pyrite and iron-carbonate.
 Todd Creek: Yellow Bowl Sulfide Breccias

Sample 656604: 0.65% Cu, 0.1 g/t Au

Sample 656605: 1.23% Cu, 0.23 g/t Au

Pyrite breccia: Clasts (60-70%): angular to rounded, fine grained massive pyrite with minor interstitial chalcopyrite, common very strong
sericite-pyrite replaced clasts; Matrix (30-40%): fine grained pyrite and iron-carbonate, recessive matrix in part. Breccia is 1-5 m wide and
trends east-northeast, dipping generally steep to moderately southward. Chargeability high interpreted to be continuous to underlying
chargeable feature ~ 350 m below surface
Todd Creek: Yellow Bowl 2018 Induced Polarization Survey

-------------- 250 m-------------

 Todd Creek: Yellow Bowl 2018 IP Survey - Line One

Line 1: Induced
polarization survey
across Yellow Bowl
Waterfall
porphyry Cu-Au target
Orange area, looking northeast
Smokin’
Mtn

Fall Creek
Ice Creek Knob

Yellow
Bowl
2018 IP
Lines Line 1

South
zone

VMS
Pyrophyllite
 Todd Creek: Yellow Bowl 2018 IP Survey - Line Two

Line 2: Induced
polarization survey
across Yellow Bowl
Waterfall
porphyry Cu-Au target
Orange area, looking east
Smokin’
Mtn

Fall Creek
Ice Creek Knob

Line 2
Yellow
Bowl
2018 IP
Lines

South
zone

VMS
Pyrophyllite
 Todd Creek IP Chargeability at Yellow Bowl

South
Zone
DDH traces

Todd Creek Muscovite

(yellow cubes)

Cu (ppm), 2018 rock samples (spheres)

Todd Creek Valley, IP chargeability and historical drilling
cross-sections, view looking
west-northwest
Chargeability (mV/V)
 Todd Creek Valley Interpretive Cross Section
Todd Creek Valley Plan view

Yellow
Bowl
W E

South
Zone

Todd Creek Valley Looking North

W EE
Asymetric? Antiform of lapilli tuff
and volcanic sediments?

I C E Upper?
Hazelton Group
Lower Hazelton volcanic flows,
Group, Betty fragmental
Creek Fm. rocks and
Pervasive and sediments.
patchy QSP-cb Minor rhyolite.
replaced Overlain by
coarse and fine folded and
volcanic thrusted
fragmental Bowser Lake
rocks. Group
???? mudstone.
?
 Todd Creek Interpreted Structural Model
• Todd Creek Fault system interpreted as major arc-scale
structure and long-lived fault slip plane with possible
Oweegee relationship to other major faults in the area such as
Eskay American Creek and the Oweegee Fault
• Interpreted anastomosing fault zone in Todd Creek
valley with inferred dextral displacement but likely a
Orange Waterfall long-lived fault mesh with several episodes of movement
Smokin’
KSM Mtn
• Yellow Bowl faults interpreted as normal-motion flower
Brucejack structure faults linking to master-fault structure within
Fall Creek broader Todd Creek valley

Ice Creek
• Interpreted trans-tensional zone is the zone of
weakness responsible for hosting intrusive bodies at
Knob
Yellow Bowl
Yellow Todd
Bowl Creek
Granduc
South
zone

Premier

VMS
Mylonite
Stewart
Red Schematic normal-
Mtn motion flower structure Schematic pull-apart complex after Dooley and
complex McClay, 1997
 Todd Creek Interpreted Structural Model – 2
• Todd Creek Fault system interpreted as major arc-scale
structure and long-lived fault slip plane with possible
relationship to other major faults in the area such as
American Creek
• Interpreted anastomosing fault zone in Todd Creek
valley with inferred dextral displacement but likely a
Orange Waterfall long-lived fault mesh with several episodes of movement
Smokin’
Mtn
• Yellow Bowl faults interpreted as normal-motion flower
structure faults linking to master-fault structure within
Fall Creek broader Todd Creek valley
Ice Creek • Interpreted trans-tensional zone is the zone of
Knob weakness responsible for hosting intrusive bodies at
Yellow Bowl
Yellow
Bowl

South
zone

VMS
Pyrophyllite

Schematic normal-
motion flower structure East margin of Yellow Bowl looking south,
complex S-C fabric indicating east-side down
 Todd Creek VMS Zone

• Approximate 80 meter strike-length, NW trending massive

sulfide lens, 0.5 - 3 meters wide
• Discovered in 2008 at the toe of the receding glacier
• Followed up with VTEM airborne survey
• Several NW trending linear conductors identified in the area
Orange Waterfall • New exposure of additional massive sulfide discovered in 2018
Smokin’
Mtn • Never drill tested

Fall Creek

Ice Creek
Knob

Yellow
Bowl

South
zone

VMS
Pyrophyllite

2008 Sample 430963: channel sample: 1.05% Cu, 1.2% Zn,

2008 Sample 427004: 3.73% Cu, 6.46% Zn, 0.447 g/t Au
Historic sample values have been repeated with 2018 samples results
Todd Creek VMS Zone

Sample 851083: 1.98% Cu, 0.38 g/t Au,

36.6 g/t Ag, 3.14% Zn, 0.14% Pb
 Todd Creek 2018 Smokin’ Zone

Orange Waterfall
Mtn Smokin’

Fall Creek

Ice Creek
Knob • ~ 30 m wide rhyolite breccia discovered September 2018
• Calcareous mudstone footwall with coherent volcanic hanging wall
Yellow
• Abundant very-fine sooty pyrite with chalcedonic silica matrix-fill and
Bowl sub-mm scale veinlets, minor carbonaceous fragments (coal)
• Interpreted Upper Hazelton group, similar stratigraphic position to
South other known VMS deposits in the district
zone

VMS
Mylonite
 Todd Creek 2018 Smokin’ Zone

Smokin’ Zone , recent exposure, September 2018

 Golden Triangle Projects: Oweegee

Delta Porphyry Target, Oweegee Property

 Oweegee: Geology and Geochemistry

Stikine assemblage • The Oweegee Property covers 31,077 hectares of

basement Stikine Terrane rocks in an inlier window
surrounded by Bowser Lake Group sediments
Stuhini Gp • It covers a structural culmination exposing the
important Stuhini – Hazelton contact, a feature
proximal to most large deposits in Stikine Terrane
• The Hazelton – Stuhini Group contact is
Hazelton Gp recognized as a prospective stratigraphic feature
within 2 km of most significant deposits in the
Delta Stikine Terrane
Porphyry • Large historical exploration database includes
Target rock, soil and silt geochem, airborne mag and EM,
but only limited drilling
• Widespread peripheral Zn/polymetallic anomalies
in soils and stream seds (South Meadow, Delta
West zones)
• Limited shallow drill testing of the Delta target in
1996 and 2007 intersected strongly altered
breccias and diorite porphyry with sulfide
stockworks
DDH From (m) To (m) Int (m) Au (g/t) Cu (%) • A 2017 stream sediment survey outlined a large
96-02 3.05 73.45 70.40 0.263 0.12 porphyry-related Cu±Te anomaly in the southern
part of the dome (Delta porphyry target)
Incl. 7.55 28.45 20.90 0.520 0.15
and 174.30 197.10 22.80 0.276 0.17
• Follow up of stream sediment anomalies in 2018
discovered a new, potassic altered, Cu-bearing
07-03 59.26 145.56 86.30 0.228 0.10 intrusion over 1.7 km from known mineralization
Incl. 80.16 95.80 15.64 0.442 0.10
 Oweegee: Geophysics

• 2016 Geotech ZTEM survey

• 610 line km
• 200 m line spacing
• Integrated 2010 VTEM and 1997
AERODAT surveys in 2015 study
completed by Geotech
• 1,070 line km
• 200 m spacing
• Multiple geophysical targets
identified, very limited follow-up

2016 airborne magnetics

2016 ZTEM
In Phase
Total 2010 VTEM
Divergence Conductive zones &
720 hz – 30 hz interpreted targets
 Oweegee: Historical Drilling - DC07-03

127m Silica-pyrite altered aplite with sem-

101m QSP/clay-py altered bx with py-cpy msv/msv py-cpy veins and veinlets
52m Top of heterolithic hydrothermal- veins parallel to CA
magmatic / intrusive breccia with hbl/bt-plag
phyric clasts

86.5m QSP altered bx with py clasts. 1-2% 107.6m Hydro-mag bx with QSP altered 143m QSP altered bx with qtz-py
py dissem. Trace cpy? clasts (incl. fspar porphyry) with py rich vein fragments.
matrix
 Oweegee: Historical Drilling - DC07-03

141m QSP altered bx with vein fragments containing 185m QSP/clay-py altered hydrothermal+/-magmatic
py centre lines. Porphyry style veins. breccia with qtz-pyrite vein.

141m Close-up
Porphyry style vein
with py centre line.

207m Heterolithic breccia with black, sandstone/mudstone

matrix. 30% clasts incuding pyrite rich fspar phyric clasts
(intrusive?) and mudstone/siltstone clasts.
 B.C. Cu-Au(-Mo) Porphyry Projects

• ArcWest owns 100% of the Oxide Peak,

Eagle, Sparrowhawk, Rip and Teeta Creek
projects, targeting large scale copper-gold
OXIDE PEAK
porphyry systems in the Quesnel Trough,
Skeena Arch (Stikine Terrane) and
Wrangellia
• All five projects are located in areas with a
EAGLE high concentration of porphyry systems near
producing mines (Mt. Milligan, Huckleberry),
past producers (Bell, Granisle, Kemess,
SPARROWHAWK
Island Copper, Yreka) and advanced
development projects (Kwanika, Kemess
RIP East, Kemess Underground, Morrison,
Hushamu)
• Historical exploration work totals $3.8M
(present $ equivalent) :
• Oxide Peak: $0.35M
• Eagle: $1.46M
• Rip: $0.85M
• Teeta Creek: 1.17M
TEETA CREEK
Oxide Peak Cu-Au Project

Oxide Peak
 Oxide Peak Cu-Au Project, Toodoggone District
• 3359 hectares located in the northern
Toodoggone District
Oxide • B.C.’s largest concentration of high level
Peak porphyry lithocap environments
• The property is contiguous with Freeport-
McMoRan’s JD Project
• Two porphyry targets on the property:
• Oxide Peak/Oxide Creek: an exposed
transition from ridgetop epithermal alteration
(silica and advanced argillic) to porphyry
style alteration and veining along the creek
• Falcon: phyllic to propylitic alteration
associated with porphyry dykes intruding
close to the Stuhini – Hazelton unconformity
• Both porphyry systems are associated with
outcropping Cu-Au mineralization and never
drill tested
• A third target (Gordonia) consists of
widespread high grade Cu-Au quartz veins in
volcanic and high level intrusive rocks near a
probable volcanic center

Northern Toodoggone geology and mineral occurrences

 Oxide Peak Cu-Au Project
• Two areas with hypabyssal intrusive rocks: Oxide
Peak and Falcon
• Porphyry type quartz-sulfide veining and Cu-Au
mineralization is exposed at lower elevations
• Alteration ranges from high level advanced argillic
and phyllic to deeper level potassic

Oxide Peak gossan

Gordonia
Oxide
Creek

Falcon
Falcon gossan in valley
Oxide Peak alteration, mag highs, >0.1% Cu and 0.5 g/t
Au in rocks, and “redline” Tr-J unconformity
 Oxide Peak Cu-Au Project: Oxide Creek Zone

• Mixed advanced argillic and propylitic

alteration on Oxide Peak overlying
quartz-carbonate ± sulfide veining in
polyphase intrusive rocks in Oxide
Creek
• This zone is exposed on the north
side of a magnetic high
• Lack of modern exploration completed
(e.g., no ground magnetics, induced
polarization surveys or drilling) on this
target

High level silica-clay-pyrite alteration

Chl-mt-py altered
feldspar porphyry
with qtz-py-cp-mt
veins

Monzonite with sheeted quartz veins

Sericite-chlorite-pyrite alteration along creek
Oxide Peak Cu-Au Project: Falcon Zone

Gossanous alteration in valley • Propylitic to pervasive phyllic alteration

exposed at lower elevations north of a fault
between Takla Group sediments and volcanics
• This alteration is associated with numerous
porphyry dykes and a mag high typical of a
buried porphyry
• Quartz and sulfide veins, sheeted veins and
stockworks are widespread, and locally contain
significant Cu grades (>2% Cu in grabs)

Quartz veins in porphyry

Sheeted quartz veins in porphyry

 Oxide Peak Cu-Au Project: Gordonia Zone
• Widespread quartz-sulfide veins with strong Cu-Au and anomalous Bi,
Mo ± W are hosted in Hazelton Group volcanic rocks (andesite, coarse
sediments and ash flow tuff)
• The veins are common over an area of 4 x 2.5 km and grab samples
returned grades up to 43 g/t Au with numerous samples >1% Cu

43.3 g/t Au,

18.7 g/t Ag

10.5 g/t Au,

>1% Cu

12.5 g/t Au,

>1% Cu
33.3 g/t Au,
0.41% Cu

21.8 g/t Au,

0.32% Cu
5.3 g/t Au, 0.83% Cu
14.9 g/t Au,
0.16% Cu

Quartz-pyrite-chalcopyrite veins (+Bi/Mo/W) Distribution of high-grade grab samples

 Oxide Peak Cu-Au Project
• Strong evidence for a buried porphyry system in the
uTrT McClair – Belle Creek valley:
• Over 12 km long zone of advanced argillic and
Porphyry phyllic alteration
Target • Epithermal alteration and porphyry dykes at higher
levels (Oxide Peak, JD)
• The smoking gun: outcropping porphyry alteration
lJH and mineralization in Oxide Creek
lJH Oxide • Porphyry-style alteration and mineralization
Peak (+0.5% Cu) in DH’s east of JD (JD porphyry)
• Strong block fault structural control (analogous to
Kemess) and N-S alignment of buried mag highs
• Widespread Cu-Au quartz veins in Hazelton Gp
Porphyry-
epithermal east of McClair-Belle fault
transition lJH

uTrT lJH

JD

McClair
Chl after secondary biotite along
Pluton fractures and after mafics, with
Oxide – JD – McClair sec Mt/Hm partly replaced by
McClair alteration Potassic+ser-ch altered Py-Cp (Leitch 2018)
zone on TMF dacite porphyry cut by
qtz-py-mt-cp stockwork
Sparrowhawk Cu-Au Porphyry Project

• In January 2019, Sojourn acquired a

significant land position in the center of the
Babine Porphyry Belt, an accessible belt of
Eocene porphyries which includes two past
producing mines (Bell and Granisle), three
developed prospects with resources
(Morrison, Hearne Hill, Dorothy) and several
other prospects (Nak, Trail Peak, Lennac
Lake)
BABINE
PORPHYRY • Although significant deposits are known in
BELT the belt, the pace of discovery has been
slow because of the widespread glacial till
cover which makes traditional geochemical
exploration techniques somewhat
problematic

Babine Porphyry Belt, showing

AWX mineral tenures (red outline)
Sparrowhawk Cu-Au Porphyry Project
• A 2002 BCGS regional till sampling study
Hg Cu As highlighted the Sparrowhawk area as having
strong potential for discovery of porphyry Cu-
Au deposits (BCGS Bulletin 110)
Cu Zn Hg
• Four significant dispersal trains containing
95th and 98th percentile Cu geochem
anomalies (along with other key elements)
Hg Au have been delineated by both till and lake
sediment anomalies
Hg Au
Cu As Ag • None of these dispersal trains have known
Cu Au sources although two appear to extend
downice from the Sparrowhawk mineralized
Cu Au Cu Hg Mo trend
Sb
Cu Au

Potential
source area

Dispersal
train
Copper Till and Lake Sediment Geochemistry
Sparrowhawk Cu-Au Porphyry Project
• Compilation of historical rock and soil sampling
indicates that three mineralized trends have been
BFP Trend
outlined to date: Sparrowhawk, DCA and BFP
• The most significant of these is the Sparrowhawk
trend, which can be traced for three kilometers,
and includes outcrops of high grade breccia and
DCA Trend vein mineralization with up to 3.25% Cu and
1.39 g/t Au
R41007 – BFP
0.16% Cu

Sparrowhawk
Trend R41031 – DCA
0.13% Cu

Sparrowhawk
breccia

Sparrowhawk rock and soil

geochemistry - copper
Sparrowhawk Cu-Au Porphyry Project
• Airborne magnetics shows a large, irregular
BFP Trend magnetic high in the northern part of the
property underlying the DCA trend, and a
strong northeast trending structure which
may link the Sparrowhawk and BFP trends
• A smaller scale circular mag high underlies
DCA Trend
the Sparrowhawk breccia

Sparrowhawk
Trend

Sparrowhawk
copper geochemistry
on total magnetic
field
 Eagle Cu-Au Porphyry Project

• The Eagle Cu-Au Project comprises

1921 hectares located midway
between the Mt. Milligan Mine and
the Kwanika Cu-Au deposit
• Mt. Milligan has 5.7 M oz Au and
2.2 B pounds Cu in PP reserves
• Kwanika has an Indicated Pit
Constrained Resource of 101 Mt
of 0.31% Cu and 0.32 g/t Au
• Eagle straddles the margin of the
Hogem Batholith adjacent to a
prominent arc-normal structure
• The property surrounds Altius
Minerals’ Gibson project, and
may contain on-strike extensions
of Au-Ag bearing structures
reported in 2018 results

Regional setting of the Eagle Cu-Au Project

Centerra Gold’s
Mt. Milligan Mine
complex
 Eagle Cu-Au Porphyry Project: Magnetic Signatures

Cu-Au porphyries in the Quesnel

Trough are associated with mafic
intrusive complexes and large
magnetic highs

The Eagle Project is underlain by

one of the most prominent mag
highs in the region
 Eagle Cu-Au Porphyry Project: Historical Data

Copper in Rocks, Soils • Historical geological mapping and

sampling at Eagle has outlined a 0.8 x 3
km corridor of Cu-Au mineralization and
Vector Lake widespread anomalous Cu in soils
• Historical drilling has tested only a small
portion of this corridor to shallow depths

Historical DDH

Central

Nighthawk
 Eagle Cu-Au Porphyry Project: Untested Targets

Copper in Rocks, Soils • Porphyry style Cu-Au-Ag mineralization is

hosted in dioritic intrusive rocks and breccias
Lake and is associated with variable potassic
Vector
(Kspar-magnetite), calc-potassic (Kspar-
epidote) and propylitic (epidote) alteration
• Historical drilling of the Vector and
Eagle/Nighthawk targets intersected
significant intervals of high grade Cu-Au
mineralization:
Central
EA-91-06:
27.28 m of 0.87% Cu, 0.32 g/t Au and 3.85 g/t Ag
EA-91-07:
15.74 m of 0.69% Cu, 0.20 g/t Au and 2.19 g/t Ag
EA-91-12:
17.9 m of 0.82% Cu, 0.47 g/t Au and 4.11 g/t Ag
EA-91-13:
20.2 m of 0.56% Cu, 0.29 g/t Au and 2.84 g/t Ag
• Broad zones of Cu anomalism extend beyond
Nighthawk
the areas of historical drilling
 Eagle Cu-Au Porphyry Project: Vector Zone

Vector Zone outcrop (left), semimassive magnetite-sulfide (center), pervasive K-feldspar-epidote-

magnetite-chalcopyrite (top right), semimassive magnetite-chalcopyrite-pyrite (bottom right)
 Rip Cu-Mo Porphyry Project

• Porphyry Cu-Mo+Au prospect located in the

Skeena Arch, hosted by Bulkley aged (Late
Cretaceous) porphyries intruding Hazelton
Group volcanics and sedimentary rocks.
• Excellent road access in a productive part of
the arch containing past producers
(Huckleberry, Silver Queen, Equity) and
significant resources (Berg, Poplar, Seel/Ox)
• Previous work by Kennco (1975-81) has
outlined a large untested target

Rip
Regional geology of the Rip Project (above), and
magmatic axes in the Skeena Arch (right)
 Rip Cu-Mo Porphyry Project: Historical Data

• Percussion drilling and IP outlined a

2.2 by 0.6-1.2 km target, with
coincident high chargeability,
IP anomalous Cu and Mo, and strong
QSP alteration and quartz stockwork
• One diamond drill hole (A75-1)
intersected anomalous Cu (0.07%) and
Mo (0.005%) over 74m in strongly
Limit of QSP altered volcanic rocks cut by late
QSP
Porphyry
feldspar porphyry and mineralized
outcrop quartz diorite dykes. The bottom 64 m
consists of intrusive clast-rich
polymictic breccia cut by abundant
pyrite, gypsum and quartz veins with
local secondary biotite
• QSP replacement is accompanied by
strong pyrite, quartz veining and late
gypsum and chlorite veins.
• QSP altered quartz diorite dykes are
intensely fractured and healed with
py/cp and quartz/feldspar veins.
• All evidence suggests a large, robust,
untested porphyry system with
potential potassic alteration and Cu-
Cu values from PDH composite samples, extent of strong QSP Mo±Au grade at near-surface depths
alteration, and chargeability high
 Rip Cu-Mo Porphyry Project: Stockwork Zone

QSP altered porphyry with qtz-sulfide

veins

Hornfels with qtz-sulfide stockwork

Hornfels with patchy/vein biotite-

magnetite-sulfides
Intense stockwork to sheeted qtz-sulfide veining in trench
Teeta Creek Cu-Mo-Au Project

Logging road gossan

 Teeta Creek Cu-Mo-Au Porphyry Project

Red Dog • Acquired by staking in May 2016

Hushamu • Known porphyry system with
historical drill intercepts
Island Copper (e.g. 0.35% Cu / 67m, S75-1)
• New exposures along logging roads
with widespread gossans
Karmutsen
basalt • Covers undated small pluton
intruding 199 Ma Bonanza
Yreka volcanics
Bonanza • Mining giant Freeport McMoRan
volcanics Teeta
Benson Lake
has optioned the nearby
Creek Pemberton Hills porphyry Cu-Au
Merry Widow
project

Past producing mines and significant deposits,

northern Vancouver Island
 Teeta Creek Cu-Mo-Au Porphyry Project: Age and Tectonic Setting

Miocene magmatism, Vancouver Island • A Re-Os (Mo) age of 6.49 ± 0.04 Ma was
and Coast Range obtained from a mineralized vein sample
at Teeta Creek
• This makes Teeta Creek one of the
Silverthrone Franklin
youngest porphyry systems in the
Caldera Glacier Cordillera
Caldera
• The deeply eroded Franklin Glacier
caldera also contains a Cu-Mo porphyry
system related to a 6.9 Ma quartz
monzonite

Alert Bay
Volcanics

Miocene Plutons

Brooks Peninsula
Teeta Creek Cu-Mo-Au Porphyry Project: Geology and Mineralization

• 250 meters of exposed porphyry style

mineralization along the upper
switchback is >750 meters from the
open 75-1 (0.35% Cu / 67m)
intersection in drill hole 75-1, and has
not been closed off above the upper
Historical
drilling switchback
Mo
• On the south side of Teeta Creek,
Zn significant alteration and copper
mineralization has been mapped
Cu ~450 meters in the opposite direction
from 75-1
• High grade Au-Cu veins at the
Zn
Quatsino King (e.g. 0.64% Cu, 6.5 g/t
Au / 8 m in adit chip) may represent
a higher level expression of the same
system, about 1 kilometer southeast
68-3 (0.23% Cu / 87m) Quatsino
King of 75-1 (Billingsley ground)
• Additional Cu mineralization and
porphyry style veining has been
mapped up to 400 meters to the
southwest of 68-3 (0.23% Cu / 87m)
 Teeta Creek Cu-Mo-Au Porphyry Project

Intense silica-
pyrite(arsenopyrite-
stibnite) altered
hydrothermal breccia
(M456739:1.95 g/t Au,
4.3 g/t Ag, 1150 ppm
As, 4040 ppm Sb)

Feldspar porphyry cut by

Breccia cut by quartz-chalcopyrite-moly veins multiphase quartz-sulfide
(M456735: 1670 ppm Cu, 310 ppm Mo) stockwork
(M456741: 3580 ppm Cu,
233 ppm Mo)

Biotite-magnetite altered intrusive with qtz-

cp-py-mt veins (M456737: 1200 ppm Cu)
Canada - U.S.A. Exploration Opportunities
• ArcWest has a well developed pipeline of
exploration stage porphyry copper-gold and
epithermal gold-silver projects for potential
acquisition in 2019, including opportunities in
Canada and the USA
• ArcWest has conducted field evaluations for
several of these projects, and has built positive
relationships with the property owners
• Ground associated with these projects is typically
privately held by third parties (often individuals)
• Several of the projects have robust exploration
databases and shallow, historic drill holes with
significant intercepts that could represent
immediate targets for follow-up drilling
• ArcWest has been offered access to a proprietary
base and precious metals exploration database by
the previous manager of a notable USA
exploration group

Terrane map of the North

American Cordillera (USGS)
 Plans for 2019

Results from the 2018 exploration program and historical work suggest ArcWest’s project
portfolio has significant potential for a porphyry copper-gold discovery. The following
exploration was conducted during the 2018 season:

• Steam sediment survey follow up: Follow up of stream sediment anomalies has resulted in the
discovery of new porphyry copper occurrences, significantly increasing the footprint of porphyry
copper-gold systems on the properties.

• Geophysics: Preliminary IP was completed at both the Todd Creek and Oweegee projects; a
significant chargeability target anomaly was outlined at the Yellow Bowl Zone at Todd Creek.

• Geological mapping and sampling: Geological mapping at Todd Creek has outlined new zones
and provided a robust structural model for exploration, geochemical sampling has documented a
broad zone of high grade Cu and Au related to sulfide-rich breccias at the Yellow Bowl Zone. Thin
section petrography at Oxide Peak has identified porphyry style veining and alteration in the Oxide
Creek Zone.

• Property tours: Confidentiality agreements have been signed with multiple mining companies and
property tours were conducted in September; partnership discussions for multiple projects are
ongoing.

• Drilling: Phase 1 drilling campaigns for the several of the projects are planned for 2019
 Company Information

ArcWest Share Distribution

• 60 million shares outstanding

• 32% held by Seven Devils

Exploration and Millrock
8%
16% Resources
13%
Seven Devils Exploration
• $0.10 private placement in
Millrock Resources
2018 conducted with several
16% $0.10 Private Placement 2018 well-known supporters of the
$0.15 Private Placement 2017
project generator model
Pre-existing

• $1.4 million cash

47%
• Ongoing negotiations with
multiple mining companies
for 2019 partner funded
exploration

TSXV: AWX.V