Homestake District South Dakota, USA World’s Richest BIF ......Homestake District South Dakota,...

Homestake District South Dakota, USA

World’s Richest BIF Hosted Gold Belt

>62 M oz Au Discovered To Date

Supergiant Orogenic Gold Province

Standby Mine Trend Infill Drilling: Planned 12,430 m in 36 DDHs to 450m down-plunge from Standby Mine workings, with goal of NI 43-101 Technical ReportAdditionally, Deeper Exploration Drilling: 6000m in 5 DDHs to test a total of 1800m down-plunge from surfaceQ2 2020 / Q3 2020

LOCATION & GEOLOGY

• World’s Richest Banded Iron Formation Hosted Gold Belt – Hosting more than 62 million ounces of gold

• Gold ore ledges in both the Homestake Gold Mine and the Standby Gold Mine are in major tightly folded V-shaped synclines in structurally thickened iron formation, cut by late orogenic near-vertical shear zones

2MAY 2020 |MINERAL MOUNTAIN RESOURCES.COM | TSX-V: MMV

HOMESTAKE MINE MODEL (Looking West)

• 125 years of operation, discovered in 1876, and closed in 2001 due to low gold price; it did not run out of gold mineralization

• >42M oz Au production from 152 Mt @ 8.38 g/t Au• Open below 8500-foot level• Largest iron formation hosted gold deposit in the world


7430-ft. Level: Quartz vein in Homestake Formation with arsenopyrite and pyrrhotite

HOMESTAKE BIF GOLD ORE LEDGES


Ledge g/t Au Mt Au (M oz)

Caledonia Ledge 7.43 4.90 1.06

Main Ledge 8.37 74.00 19.07

7 Ledge 7.31 4.80 2.00

9 Ledge 9.05 36.00 9.50

11 Ledge 7.87 7.10 1.62

13 Ledge 8.71 2.20 0.56

15 Ledge (est.) 9.10 3.75 1.00

17 Ledge 6.94 7.00 1.42

19 Ledge 7.03 2.30 0.47

21 Ledge 8.34 9.40 3.50

23 Ledge 0.52

Weighted avg. g/tonne Au: 8.38 g/tonne Au

Total metric tonnes: (Millions) 151.45; Total Au oz.: (Millions) as of 1992:

36.28 M oz. produced; 4.45 M oz. Reserves (23 Mt @ 6 g/t Au)

• 11 gold ore ledges were mined at Homestake, averaging 8.38 g/t Au. The Main Ledge was 74m tonnes (19.07m oz. Au produced) and the 9 Ledge was 36m tonnes (9.50m oz. Au produced)

STANDBY / HOMESTAKE COMPARISON


• By comparison, within the surface expression of Homestake 9 Ledge upper tail, rock samples assay only 0.10 g/t Au to 1 g/t Au, with one higher-grade sample assaying 4.5 g/t Au.

• However, alteration characterized by quartz veins with well-developed hydrothermal chlorite selvages and minor sulfides, is locally well developed in the 9 Ledge Upper Tail.

• Consistent ore grade mineralization (~8 g/t Au over 5-10m widths) in 9 Ledge does not begin until 1200m down plunge (800m vertical depth), and the highest Au grades and widths in the 9 Ledge Centroid do not occur until 2000m down plunge (1000m vertical depth).

• Standby Phase 1 drilling indicates Au increases down plunge from:

• 2.0 g/t Au over 3.2m in ST18-001, to• 1.1 g/t Au over 6.4m in ST18-002, to• 2.8 g/t Au over 6.1m in ST18-003,

and down-dip to • 2.12 g/t Au over 20m

(including 4.39 g/t Au over 2.5m and 5.24 g/t Au over 1.5m) in ST18-006.

STANDBY DDH ST18-006 CORE


• Structurally thickened iron formation cut by a wide shear zone provides the geologic setting necessary to host a Homestake 9 Ledge scale gold deposit.

• Standby DDH ST18-006 Upper Tail Core Sample (below) Compared to Homestake 9 Ledge Sample (above) Similar Arsenopyrite & Chlorite Content)

STANDBY DDH ST18-006 HIGH GRADE CORE SAMPLE: COMPARABLE Au GRADE TO HOMESTAKE

7May 2020 |MINERAL MOUNTAIN RESOURCES.COM | TSX-V: MMV

TO 450M DOWN-PLUNGE FROM UNDERGROUND MINE WORKINGS: 12,430m in 36 DDHsUPPER Au TARGET ZONE IS 200M WIDE BY 400M HIGH BY 850M LONG


LONG SECTION VIEW OF PLANNED STANDBY DEEP EXPLORATION DRILLING TOWARDS TARGET 2 (on left)UP-PLUNGE VIEW OF HOMESTAKE ORE LEDGES AT SAME SCALE, FOR COMPARISON (on right)


STANDBY GOLD CORRIDOR: LONG SECTION VIEW OF PLANNED DEEP EXPLORATION DRILLING (6000m in 5 DDHs) TOWARDS HIGH GRADE GOLD INTERSECTION 900M DOWN-PLUNGE FROM TARGET 1

https://mineralmountainresources.com/media/


STANDBY GOLD CORRIDOR LONG SECTION (LOOKING NORTH) SHOWING UPPER TAIL AND DEEPER UNTESTED PLUNGE EXTENT



ROCHFORD GOLD DISTRICT POTENTIAL


• Standby Mine Trend (as discussed); Cochrane Mine Trend Non NI 43-101 compliant inferred resource of 268,000 oz @ 6.34 g/t Au, where MMV holds the down plunge extension; ~10 other early 1900s small mines in District

• Majority of historic drill holes in District are shallow; most were focused on Cochrane resource; little or no drilling in remainder of District; No drilling since 1997 (until MMV drilling in 2018)

• At least 6 high priority ledge-style gold target trends have been defined to date by MMV

• Each target trend has space to host a multi-million-ounce gold resource, comparable to a Homestake Mine Ore Ledge

• Currently permitting drill sites for Cochrane Trend and other Target Trends in the District

DEVELOPMENT PLAN


• Use state of the art exploration methods to drill and define multi million oz. gold deposits in the Rochford District• Progress targeted drilling down plunge on Standby Trend, with support

from 3D modelling and Borehole EM• Drill other target trends in the Rochford District, including the Cochrane

Trend and Standard Mine Trend

• Create a timely strategy by securing a relationship with a major gold company/ resource funds with the ability to provide $10-$20m to complete a Phase 3 development infill & down plunge drill program at Standby, and progress drilling on other Rochford District Target Trends

Nelson Baker Director – President and CEO

Barry Coughlin Executive Chairman -Director

Trevor Thomas Director – Independent

Brad Baker Director – VP Corporate Development

Terry Lyons Director – Independent

Maribel Jordan Chief Financial Officer

Brian Corrall Director – Independent

DIRECTORS & MANAGEMENT


PROVEN ORE FINDERS


Mr. Nelson Baker, CEO P.Eng., has been active in the mineral exploration industry for over 50 years. He received his Mining Technology Diploma (1964) at the Haileybury School of Mines, in Ontario followed by a B.Sc. degree in Geological Engineering in 1968 from the South Dakota School of Mines, in Rapid City, South Dakota. Mr. Baker has been the President and CEO of Mineral Mountain Resources Ltd. since July 2010. Over the years he has served on several boards particularly in the junior resource sector. He was one of the founding principles of Rainy River Resources Ltd. (TSXV: RR), and served as a Director, President and CEO from March 2005 to June 2009. During that period, he and his team successfully completed a $35M private placement, expanded the deposit from 450,000 ounces to 5 million ounces of gold, and sold it to New Gold for $343 million. During this period the share price increased from the $0.25 range to a high of over $13 per share.

Mr. Bradley Baker, VP Corporate Development was elected as a director of Mineral Mountain Resources Ltd. on September 2009 and appointed as Vice President Corporate Development on September 2010. Mr. Baker has been active in the mining and finance industry for over 20 years. He has provided his services as an investor relations and communication consultant to various public companies. In January 2005, Mr. Baker was retained by Rainy River Resources Ltd. (TSX.V - RR) to provide Investor Relations services. Since 2005 he was involved in the raising of $60 million for various public companies and guided the development of Rainy River's marketing campaign.

TECHNICAL TEAM & ADVISORS


Jeff Hrncir, Chief Geologist M.Sc.

Mr. Hrncir has over 15 years of diverse mineral exploration experience, with an extensive background in the Black Hills of South Dakota. Jeff’s major focus has been on the Precambrian tectonic history as it relates to mineralization. (The gold in MMV’s projects are all contained within the Precambrian rocks of South Dakota). He has consulted to several mining companies in this gold province and published numerous papers on the gold district of the Black Hills and its controlling geologic features. He is currently furthering his Black Hills work with a PHD thesis. A poster of his doctorate work at the University of New Mexico entitled “Origins of the Black Hills Terrane in the Eastern Wyoming Craton” has been posted on our website. Jeff will work closely with Curt Hoggeour Exploration Manager and Kevin Leonard our Operations Officer.

Curt E. Hogge, M.Sc., Chief GeologistCurt has over 30 years of diverse mineral exploration experience, with an extensive background in iron formation-hosted gold deposits including Proterozoic Homestake-type in the Black Hills, South Dakota and Archean-type in the Wyoming Province of Montana and Wyoming; and Proterozoic Lake Superior-type in the North-Central US. He managed Noranda’s Rochford Gold District project from 1986-1992, and worked later in the District with Naneco Resources, Genesis Gold Ltd. and BHB Partners.

Kevin W. Leonard, B.Sc., P. Geo., Project ManagerKevin has over thirty-three years diversified mineral exploration experience in gold and base metal projects globally, including exploration management for Royal Oak Mines (US), and global property acquisitions and economic evaluations for LAC Minerals, American Barrick, St. Joe Canada, HudBay Exploration, Royal Oak Mines (US) and Urangesellschaft Canada. Since 2012, Kevin is Project Manager for Mineral Mountain, including in the Keystone Gold District about 35 km south of the

TECHNICAL TEAM & ADVISORS

17NOVEMBER 2019 |MINERAL MOUNTAIN RESOURCES.COM | TSX-V: MMV

David Shaw, Ph.D., P. Geo., Technical Advisor - GeologyDavid has nearly 30 years of technical and executive experience in the resource and financial industries, with specific emphasis on technical and financial due diligence of resource projects, including in the Birimian Gold Belt of West Africa. He serves, and has served, in an extremely wide variety of Directorships, Senior Management, Finance and Senior Technical roles for numerous resource and financial companies. Directly relevant to his Technical Advisor - Geology role with Mineral Mountain Resources, he completed his Ph.D. in Structural Geology from Carlton University, Canada in 1980, and later worked with Chevron Canada Resources Ltd. as an In-house Structural Consultant on both their metal and hydrocarbon exploration programs

Terry Lyons: Independent DirectorCurrently serves as the Lead Independent Director and Chairman of the Audit Committee of Canaccord Genuity Group Inc. as well as a Director of Canaccord’s subsidiaries in the UK (Chairman), US, Australia and Asia. He is also a Director ofseveral public and private corporations including Sprott Resource Holdings Inc. (Chairman), and Martineau International Inc. Mr. Lyons is a retired Managing Partner of Brookfield Asset Management, past Chairman of Polaris Materials Corporation recently acquired by US Concrete, past Chairman of Northgate Minerals Corporation which was acquired by Aurico Gold (now Alamos), past Chairman of Eacom Timber Corporation which was recently sold to a private equity firm, former Chairman of Westmin Mining and Vice-Chairman Battle Mountain Gold. After 9 years he recently retired from the Board of Pavco (BC Pavilion Corporation).

CAPITAL STRUCTURE


Listing ( July 2010 IPO)TSX-V: MMVShares:102,033,369Warrants8,505,679Warrants @ $0.40 expiring June 5, 20215,589,012Warrants @ $0.40 expiring August 18, 2021666,667Warrants @ $0.40 expiring September 30,20212,000,000Options6,000,000Fully diluted116,539,048As of November 30, 2020

FORWARD LOOKING STATEMENT


This presentation may contain certain information that constitutes forward-looking statements.

Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,”

“intend,” “believe,” “anticipate,” and other similar words, or statements that certain events or conditions

“may” or “will” occur. Forward-looking 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

projected in the forward-looking statements. These factors include inherent risks involved in the exploration

and development of mineral properties, the uncertainties involved in interpreting drilling results and other

geological data, fluctuating metal prices and other factors described above and in the Company’s public filings

which can be found at www.sedar.com. The Company disclaims any obligation to update or revise any

forward-looking statements if circumstances or management’s estimates or opinions could change. The

reader is cautioned not to place undue reliance on forward-looking statements. Most information with respect

to resources and assays are historical in nature and the Company makes no representation as to its accuracy.

CONTACT US

20NOVEMBER 2019 |MINERAL MOUNTAIN RESOURCES.COM | TSX-V: MMV

Brad Baker

Tel: 778 383 3975Fax: 604 714 1119

Email: [email protected]: www.mineralmtn.com

401-1195 West BroadwayVancouver, BC V6H 3X5

We thank you for your Interest in this exploration opportunity with over $13 million spent to date to consolidate the lands, compile the database, complete airborne geophysics, build a 3D model & complete Phase 1 drilling.

APPENDIX 1: WHY HOMESTAKE (HMC) LEFT THE BLACK HILLS? THE ANSWER


• From1929-71 mine averaged ~500,000 oz/year and HMC did not do much exploration outside the mine.

• During 1970-80's HMC realized the mine was finite and started a massive exploration program for the first time outside the mine and outside the Homestake District.

• Regional program was conducted from 1986-93, with 8 major projects conducted in parallel, of which Standby was one part.

• In 1988, Au ~$300/oz., HMC was mining to 8000 ft. depth at cash costs of ~$240/oz.

• In 1988 the DBM-1 gold discovery two miles north of the Homestake mine caused the Company to focus exploration assets to that area, and consequently the Standby Project was shut down by HMC, despite Rick Bachman’s (HMC’s Exploration Manager at the time) recommendation that it continue.

• In 1992 HMC acquired International Corona (Hemlo and Eskay Creek), and in 1993 with gold still at $300/oz, Homestake Mining Company was reorganized and shut down all other exploration world-wide to focus on the International Corona acquisition.

NEW UNDERSTANDING OF REGIONAL GOLD POTENTIAL• Black Hills Terrane (BHT) contains the largest Paleoproterozoic orogenic

gold province in North America, including the supergiant >62oz Au Homestake Deposit.

• Study by J. Hrnicir and K. Karlstrom (2018) presents tectonic synthesis of Precambrian evolution of the BHT based on geochronology of detrital zircons within many metasedimentary units and igneous zircons within twelve granitoids.

• Numerous tectonic similarities with the Altaids in Asia and Great Basin sedimentary-hosted gold provinces in the USA argue the BHT represents the earliest known passive margin-hosted gold province.

• Tectonic readjustments after 1.77 Ga produced environment favorable for development of orogenic gold deposits in the BHT, including a switch from dextral to sinistral transpression that led to differential block uplift, synorogenic clastic basin deposition, dilation of the mantle-tapping transverse basement faults, large-scale hydrothermal fluid release and development of supergiant orogenic gold deposits in the older passive margin sedimentary rocks.

*Hrncir, J. and K.K. Karlstrom, 2018, Origins of the Black Hills Terrane in the Eastern Wyoming Craton: An Atypical Supergiant Orogenic Gold Province within Supercontinent Nuna. Dept. of Earth and Planetary Sciences, Univ of New Mexico, Albuquerque, NM, USA. Poster at AME-BC Roundup Conference, Vancouver, BC, Canada, January 2018.


Slide Number 1LOCATION & GEOLOGYHOMESTAKE MINE MODEL (Looking West)HOMESTAKE BIF GOLD ORE LEDGESSTANDBY / HOMESTAKE COMPARISONSTANDBY DDH ST18-006 CORESTANDBY DDH ST18-006 HIGH GRADE CORE SAMPLE: COMPARABLE Au GRADE TO HOMESTAKELONG SECTION VIEW (LOOKING SW) OF PLANNED STANDBY INFILL DRILL PROGRAM ON 20M CENTERS TO 450M DOWN-PLUNGE FROM UNDERGROUND MINE WORKINGS: 12,430m in 36 DDHs�UPPER Au TARGET ZONE IS 200M WIDE BY 400M HIGH BY 850M LONGLONG SECTION VIEW OF PLANNED STANDBY DEEP EXPLORATION DRILLING TOWARDS TARGET 2 (on left)�UP-PLUNGE VIEW OF HOMESTAKE ORE LEDGES AT SAME SCALE, FOR COMPARISON (on right)�STANDBY GOLD CORRIDOR: LONG SECTION VIEW OF PLANNED DEEP EXPLORATION DRILLING (6000m in 5 DDHs) TOWARDS HIGH GRADE GOLD INTERSECTION 900M DOWN-PLUNGE FROM TARGET 1STANDBY GOLD CORRIDOR LONG SECTION (LOOKING NORTH) SHOWING UPPER TAIL AND DEEPER UNTESTED PLUNGE EXTENTROCHFORD GOLD DISTRICT POTENTIALDEVELOPMENT PLAN DIRECTORS & MANAGEMENTPROVEN ORE FINDERSTECHNICAL TEAM & ADVISORS TECHNICAL TEAM & ADVISORS CAPITAL STRUCTUREFORWARD LOOKING STATEMENTCONTACT USAPPENDIX 1: WHY HOMESTAKE (HMC) LEFT THE BLACK HILLS? THE ANSWERNEW UNDERSTANDING OF REGIONAL GOLD POTENTIAL

Homestake District South Dakota, USA World’s Richest BIF ......Homestake District South Dakota,...

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