Corporate Presentation

OCTOBER 2017

Harfang Exploration Inc. is a newly listed mining exploration company whose primary mission is to discover new gold districts in the province of Quebec. The Company’s development model is based on the generation of new mining projects and on the establishment of partnerships with major exploration and mining companies to advance its mining projects.

ABOUT HARFANG

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Strong support from Quebec institutional funds Exceptional Board of directors Solid management and field oriented crew Technical, Corporate and Administrative support from the Osisko group Underexplored region with good infrastructure & enormous potential

WHY INVEST IN HARFANG

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PARTNERS & FINANCING

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BOARD OF DIRECTORS

ANDRÉ GAUMOND, CHAIRMAN

Director at Osisko Gold Royalties and ex-

President of Virginia Mines

JEAN-PIERRE JANSONManaging Director at

Richardson GMP Limited and chairman of the

board of Midland Exploration

FRANK MARIAGEpartner at Fasken

Martineau DuMoulin LLP and Chairman of the

Québec Mineral Exploration Association

SYLVIE PRUD’HOMMEformer Manager, Investor

Relations, for OsiskoMining Corporation

ROBIN VILLENEUVECFO at Federal Fleet

Services Inc. and ex-CFO of Mines Virginia Inc.

FRANÇOIS GOULET, M.SC., P.GEO.PRESIDENT & CEO

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GOOD GOVERNANCE

TRANSPARENCE

SOCIAL ACCEPTABILITY

LEAN & CLEAN

VALUES

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CORPORATE STRATEGY & PROJECTS

1. http://www.sdbj.gouv.qc.ca/fr/offre-de-financement/secteur-minier/projetsminiers/2. Modified from http://www.mrif.gouv.qc.ca/en/Grands-dossiers/Plan-Nord/

BAIE JAMES TERRITORY

MENARIK PROJECT

Newly listed company focused on gold exploration in Quebec

Exploring early-stage gold properties

Generation of exploration projects Partnerships on its properties Strategic acquisitions

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MENARIK EAST

MENARIK LAKE

5 km

Camp

Camp

MENARIK LAKE & MENARIK EAST – INFRASTRUCTURE

Project located 48km from the town of Radisson 45km to La Grande airport with daily flight 2 power transmission lines 5km from 2 major roads

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REGIONAL GEOLOGY

Archean greenstone belt Polymictic conglomerates along

deformation zone Orogenic Gold Model Intersection of two major deformation

zones Ultramafic layers igneous complex Cr-

EGP-Ni-Cu models

Gold showing

Cr-Pt-Pd-Cu showing

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Gold values at surface (grab samples) 2 to 10 g/t Au≥ 10 g/t Au

87 claims covering 44 km2

100% Harfang Exploration (2% NSR to OsiskoGold Royalties)

Extremely high gold assay values in mineralizedquartz veins (e.g. 10-500 g/t Au)

Orogenic gold mineralization in porphyriticmonzonitic plug

15 of the 17 historical diamond drill holes intersected gold mineralization

Best drilling results : 1404-03; 68.25 m @ 0.89 g/t Au 1404-17; 34.28 m @ 0.76 g/t Au 1404-05; 1.41 m @ 7.51 g/t Au

MENARIK LAKE – STRUCTURE

Monzonite

Granodiorite

Tonalite

GabbbroGabbbro

Diabase dyke

Peridotite Fault

Mafic volcanic

Intermediate volcanic

Felsic volcanic

Conglomerat

Sediment

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MENARIK EASTLa

c M

énar

ikpr

oper

ty

67 claims / 34,3 sq km 100% owned property, no royalties

Historical resources* of 6.34 Mt @ 7.73 (wt%) Cr2O3, 398 (ppb) Pd and 105 (ppb) Pt; 1.06 Mt @ 0.38 (wt%) Ni and 0.15 (wt%) Cu

Numerous gold and polymetallicshowings (As, Cu, Zn, Pb, Ag)

Mineralized zones associatedwith silicification and richFuschite

Excellent database with over 36,600 m of drilling

* None 43-101 compliant

Granite

Granodiorite

Tonalite

GabbbroGabbbro

Diabase dyke

Peridotite Fault

Mafic volcanic

Intermediate volcanic

Felsic volcanic

Conglomerat

Sediment

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vINNOVATIVE NEW TECHNOLOGIES MIXED WITH TRADITIONAL PROSPECTING

EXPLORATION TECHNIQUES

Topography from drone

Image from drone

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MENARIK LAKE

Geophysical IP survey Basic prospecting Stripping and trenching Drilling

MENARIK EAST

Geophysical IP survey Basic prospecting Stripping and trenching Drone survey

EXPLORATION BUDGET: 800 000 $

EXPLORATION PROGRAM 2017

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François Goulet, M.Sc. P.Geo, President & CEOHarfang Exploration Inc.fgoulet@harfangexploration.com(514) 627-1406

SHAREHOLDER REGISTRY SHARES

INVESTORS 15.79 M

OSISKO GOLD ROYALTIES 5.00 M

INSTITUTIONNAL FUNDS (SIDEX, SODEMEX, FTQ, SDBJ) 7.25 M

TOTAL: 28.04 M

CAPITAL STRUCTURE

WWW.HARFANGEXPLORATION.COM