kenai resources (kai) corporate presentation

8/6/2019 Kenai Resources (KAI) Corporate Presentation

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Cau$onConcerningForward-LookingStatements

Thispresenta,onandrelateddocumentsmaycontaincertain“forward-lookingstatements”includingbutnotlimitedtostatementsrela,ngtointerpreta,onofdrillingresultsandpoten,almineraliza,onfutureexplora,onworkatthe

SaoChicoHopeBueandQuartzMountain(JessiePage)Projectandtheexpectedresultsofthiswork.Forward

lookingstatementsarestatementsthatarenothistoricalfactsandaresubjecttoavarietyofrisksanduncertain,es

whichcouldcauseactualeventsorresultstodiffermateriallyfromthosereflectedintheforward-lookingstatements

includingwithoutlimita,on:risksrelatedtofluctua,onsingoldprices;uncertain,esrelatedtoraisingsufficient

financingtofundtheplannedworkina,melymannerandonacceptableterms;changesinplannedworkresul,ng

fromweatherlogis,caltechnicalorotherfactors;thepossibilitythatresultsofworkwillnotfulfilexpecta,onsand

realizetheperceivedpoten,aloftheSaoChicoHopeBueandQuartzMountain(JessiePage)Project;uncertain,es

involvedintheinterpreta,onofdrillingresultsandothertests;thepossibilitythatrequiredpermitsmaynotbe

obtainedina,melymanneroratall;riskofaccidentsequipmentbreakdownsorotherunan,cipateddifficul,esor

interrup,ons;thepossibilityofcostoverrunsorunan,cipatedexpensesintheworkprogram;theriskof

environmentalcontamina,onordamageresul,ngfromtheexplora,onopera,onsattheSaoChicoHopeBueand

QuartzMountain(JessiePage)ProjectForward-lookingstatementscontainedinthispresenta,onandrelateddocumentsarebasedonthebeliefses,matesandopinionsofmanagementonthedatethestatementsaremade.

Therecanbenoassurancethatsuchstatementswillproveaccurate.Actualresultsmaydiffermateriallyfromthose

an,cipatedorprojected.KenaiResourcesLtd.undertakenoobliga,ontoupdatetheseforward-lookingstatementsif

management'sbeliefses,matesoropinionsorotherfactorsshouldchange.



DanielKunz–Chairmanheldkeyposi,onsinIvanhoeMinesLtd.(PresidentCOOandDirector)MKGoldCompany(Co-FounderPresidentCEOandDirector)andMorrisonKnudsenCorpora,on(VicePresident&Controller).

GregStarr–President,CEOandDirector

CurrentChairmanGoldAnomalyLimitedformerCEOofGoldenChinaResourcesCorpora,onMichelagoLimitedandEmperorMinesLimited.

PaulLarkin–SecretaryandDirector

Corporatefinancemerchantbankingandadministra,vemanagementofpubliccompanies.OntheboardsofanumberofpublicandprivatecompanieswherehechairsbothauditandcorporategovernancecommiNees.

StevenChi–IndependentDirector

StevenChi–IndependentDirectorB.SC.andM.Sc.Mr.Chiisaprofessionalminingengineer.MorrisonKnudsenCompany.

GeraldSneddon–IndependentDirector

Mr.SneddonisaseniorminingengineerAnacondaCompanyKaiserSteelBekerIndustriesMorrisonKnudsonandChesapeakeGold.

DavidPaterson–DirectorMorethan35yearsexperienceincorporatefinancecurrentandpastdirectorofseveralpubliclylistedcompaniesinHongKongSouth

KoreaLondonandCanada.

NeilCole–VPTechnicalServices

Morethan30yearsexperiencewithgoldprojectsacross20differentcountries.FormerCEOofASX-listedgoldproducer.

JohnWa–CFOACharteredAccountantwithmorethan37yearsofbusinessexperience.CurrentlyCFOoftwo

otherCanadianpublicjuniorminingcompaniesoneofwhichoperatesinLa,nAmerica.



➤ Tapajos Gold Belt, new region since 1950s >30M ozs production

➤ Late 2010 option/refund Kenai deal on Sao Chico gold project, Tapajos region

➤ High grade low tonnage near production + large exploration potential (1800Ha)

➤ Eldorado increasing stake in region: May 2010 CAD$114M for Tocantinzinho

➤ Excellent gold opportunities identified in Brazil

Loca,onofmajordepositsoftheTapajosGoldDistrict

Ouro Roxo – Amerix TSX-V, Palito – Serabi (AIM) (Eldorado 30%), Tocantinzinho – Eldorado (TSX) Tapajos Gold Region - 100,000 km2



➤ High grades up to 345 g/t gold over 1 metre reported, channel samples

➤ 7 sub-parallel near-vertical veins, typically +/- 1 metre wide

➤ Exploration potential along strike and down dip

➤ Grades >1 g/t gold consistent over <70 m strike length, historic workings

➤ Sampling from shallow (<20M) underground drives = hard rock potential

➤ Reasonable target potential of 500,000 high grade contained ounces

SAMPLINGCOMPARISONSFORMAINVEINAO

SAMPLELOCATION Au(g/t)Ag(g/t) Pb(%) Zn(%) Cu(%)

Number

Samples

Undergroundchannelsin

drive 15.15 7.8 0.86 0.44 0.034 35

Surfacesamplingoforepiles 19.01 39.3 1.96 1.27 0.11 14

Channelsamplingoforepiles 17.54 13.2 1.66 0.51 0.067 49

AverageGrades 17.23 20.1 1.5 0.74 0.07

B:includesassaysfrom"waste"samplesandnoneofthesupergeneenrichedupper5to

10mofthevein

:allsamplesoriginatefromthedrive

atadepthof15to18m



Small 200tpd plant to recover 15g/t for 20k ozs pa, less than $200/oz cash cost. Total cost inc royalty <$500/oz @ $1200/oz gold



Potential for +/-1m wide sub-vertical parallel veins over 1,000m strike - depth not yet tested however

150m initially drill targeted

Down-dip depth potential 200+ metres, from two similar mineralisation gold resources nearby



10

Satellite image showing local infrastructure (at left)

Alluvial Workings

Airstrip

Location for Gekko PlantSao Chico village

Sao Chico pit and shaft

View south across the small pit and tailingsdam (below), with village containing fieldoffice in foreground. Note the garimpeiroworkings along strike from the pit, whichwould indicate a continuation along strike.

➤ Early stage exploration project, no historic drilling

➤ Extensive historical garimpeiro workings

➤ Existing known mineralisation is small with

previous mining over ~70 metres strike length

➤ Exploration work to include trenching, mapping,

scout drilling program, metallurgical testwork

➤ Program target to demonstrate 250,000 gold ozs

300m

1,000m



Subvertical quartz-sulphide vein hosted in granodiorite typicalof the mineralisation (lower). Photo taken prior to closure of shaft

Sampling results from the now closed shaft andhorizontal drive



➤ Both Hope Butte and Quartz Mountain leachable and near surface; partly NI 43-101

➤ Hope Butte – at 130m depth 4.6m 1.04 opt; near surface 0.99g/t over 4.09m, 1.61g/

t over 2.45m, 0.82g/t over 17.45m; earlier reserves estimate, 141,000 gold ozs, prior

to NI 43-101 standards; early drilling to upgrade to NI 43-101

➤ Quartz Mountain - 0.74g/t over 74.7m, 0.71g/t over 13.72m,1.27g/t over 38m, 0.88g/t

over 21.34m; NI 43-101 Indicated Resources, 375,000 equiv gold ozs

➤ Hope Butte RC drill program Q4 2010

➤ Will look for growth in area consolidation and other production opportunities

➤ KAI encouraged by advanced gold pre-development project opportunities in Brazil



➤ KAI Hope Butte and Quartz Mountain potential low

grade, shallow, low strip ratio, leachable projects

➤ Approximately the same 1.5km by 1.5km footprints

as Sleeper, Grassy Mountain and Midas-Ken

Snyder deposits

➤ Peers in the region valued at US$14 per resource

ounce



1985 – 1992 Chevron 41 RC, Horizon Gold 73 RC for approx 14,000m drilling to average about 120m depth

Est. $1.9 M spent to date

Yamana active projects before NA withdrawal.

3 mineralized zones 230m,365m and125m long, 5m to15m wide and to 125m depth

Main Hill has deep, high grade section (interpreted feeder zone) – one intercept 4.6m @ 32.3g/t Au

Est. of size - 5mt @ 0.96 g/t Au for 141k ozs - 1.35:1 stripratio – strong heap leach potential

Next steps – Drilling, Scoping Study, NI 43-101 resources 1982 - 1990 Freeport 4 RC holes, Homestake 2

holes, Chevron, and Chevron/MK Gold175 RCholes for 18,940m drilling 27-258m depth

Est. $2.65M spent to date

2 mineralized zones, East and Central, 250m and180m long, 40m and 15m wide and to 125mdepth

NI 43-101 16.55m t @ 0.58 Au and 7.67g/t Ag for 375k Au equiv ozs

Next step – data confirmation then PFS

Hope Butte, eastern Oregon

Quartz Mountain, eastern Oregon

kenai resources (kai) corporate presentation

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