MCI:TSXV November 20, 2014

Maverick Gold Project Update Manitoba Mines and Metals Conference

New Name + Larger Resource + New Mine Plan = New Beginning

MINN VACORP.

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Forward-Looking Statements

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Some statements contained in this presentation are "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management’s assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. Although Minnova Corp. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova Corp. does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Historical resources in this presentation are historical estimates that predate NI 43-101 and are not compliant with current definitions, and have not been verified by the company; consequently, they should not be relied on by investors.

The Company's Qualified Person ("QP") for the technical disclosure is Brian Robertson, B. Sc., P. Eng.. As QP, Mr. Robertson has prepared and/or supervised the preparation of the scientific or technical information for the property and has verified the data disclosed in this presentation.

www.minnovacorp.ca

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Gold Price / Sector Outlook - Mixed Gold Only Strategy has to be Questioned

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• Increasing gold price volatility

• Market valuations for gold producers, developers and explorers at a record lows

• Access to capital limited to all but the largest and most liquid gold producers

• Explorers and Developers are out of favour

• Producers focused on reducing costs

• Gold sector is in extended period of contraction

• Precious metal royalty companies however have been rewarded and all have positive returns in 2014

• The markets like finance companies

• Investor demographics are shifting

• Aging investors risk tolerance in decline, younger investors have no affinity to mining and exploration

Conclusion - Great Time NOT to be a Producer. Developers Need to be a PATIENT

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Minnova Corp. Overview / Strategy Re-Structured to Capitalize on Opportunities

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• Shareholder return focused management team

• High management/board ownership = aligned with shareholders

• Decision making process is guided by overriding philosophy that outcome must have a positive benefit to shareholders

• Re-organized and re-structuring between July 2012 to June 2014

• New Name June 2014 Minnova Corp.

• Growth - Value - Innovation

• 2014 Accomplishments at the 100% Maverick Gold Project

• Updated NI 43-101 resource estimate

• Updated PEA on Maverick Gold Project supports managements efforts to advance the project to production

• Maverick Gold Project is “Finance Ready”

New Minnova Corp. Ready to Capitalize on Near-Term Gold Production and Acquisitions

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Minnova Corp. Overview / Strategy An Exceptional Value Proposition

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• Maverick Gold Project 1

• Past Producing Puffy Lake Mine

• Finance ready

• Relatively low capex - $26.3 million

• Excellent operational flexibility – open pit and/or underground

• High grade mine plan – 7.26g/t underground and 4.41g/t open pit (diluted)

• Attractive economics – After tax NPV5% = C$83.9 mln, IRR = 55%

• Trading at <0.1x NAV Minnova Corp. and its 100% own Maverick Gold Project represent one of the best Value Propositions in the sector

• “Gold Only” strategy is not being rewarded by market place

• Need to be patient and finance project on best possible terms to ensure a significant return to MCI shareholders

New Minnova Corp. an Exceptional Value Proposition

Note 1) See July 9, 2014 Updated Preliminary Economic Assessment at www.minnovacorp.ca

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Minnova Corp. Overview / Strategy An Exceptional Value Proposition

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• Minnova has successfully re-structured and re-positioned

• Prudently advancing the finance ready Maverick Gold Project to production

• Low burn rate

• Innovating

• Capable and experienced management and board

• Growth beyond Maverick Gold Project is possible

• Asset valuations are low

• Positive fundamentals for base metals, strategic / energy metals

• Also interested in acquiring good quality, advanced gold assets

New Minnova Corp. is Actively Seeking Growth Opportunities

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Minnova Corp. Management and Directors Focused on Shareholder Returns

7 www.minnovacorp.ca

Gorden Glenn, Chairman, President & CEO

Over 25 years industry experience in finance as Investment Banker (TD Securities and Desjardins) and Mining Analyst and including 9 years as a geologist.

James D. A. White, Director

Mr. White is the Managing Partner of Baynes & White, a Toronto-based pension and benefits actuarial consulting firm.

Brian Robertson, P.Eng., Director

Over 30 years experience in corporate management, exploration programs, project management, mine permitting, construction, development and operation as well as the evaluations or corporate acquisitions.

Chris Irwin, LL.M., Interim CFO, Director

Mr. Irwin is President of Irwin Professional Corporation, a corporation providing legal services mainly to the natural resource sector.

TBD, New Director

Operations and development experience

TBD, New Director

Operations and development experience

A Century of Exploration, Development, Operations and Finance Experience

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Minnova Corp. Capital Structure

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Minnova Corp. (MCI: TSXV)

Share data and cash position as of September 30, 2014

Shares Outstanding 15,428,243

Warrants and Options O/S

1,687,500

Fully Diluted 17,115,743

Market Capitalization ~$5.0 million

Options and Warrants

Warrants / Options Avg. Exercise Price

Options 1,537,500 $0.64

Common share warrants 1 150,000 $10.00

Source: tmx.com and Minnova Corp. www.minnovacorp.ca

Low Shares Outstanding = High Leverage to Gold Price and Production

Note 1) Expire February 2017

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Minnova Corp. Development Strategy Do MORE with LESS

9 www.minnovacorp.ca

Consultants and Advisors

Environment Nokomis Resource – April 2014 Updated PEA – July 2014

PL Resource – April 2014 New Underground Mine Plan SAMSTM

Test Mining

Province, Local Stakeholders and Service Providers to Benefit from Project Re-Start

Target Contractors, Service Providers and Stakeholders

Sherridon, MB

Werbicki

Trucking

Missinippi

Construction

China Finance Mandate

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Maverick Gold Project Location Flin Flon Gold and VMS Base Metal District

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A Proven Gold Mining Camp with Excellent Infrastructure

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Maverick Gold Project, 2014 Project Milestones

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Steady Resource Growth Achieved By Drilling – PL and Nokomis Deposits Still Open

• Updated PL and New Nokomis Resource Estimates 1

• Total Measured and Indicated mineral resources of 327,900 ounces contained gold (2,023,000 tonnes grading 5.04 g/t average of open pit and underground)

• Total Inferred mineral resources 438,600 ounces contained gold (2,426,695 tonnes grading 5.62 g/t average of open pit and underground)

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100,000

200,000

300,000

400,000

500,000

600,000

1987 Kilborn 1993 Tonto 2012 Minnova 2014 MinnovaMEAS IND MEAS+IND INF

….and significant

resource Conversion

Note 1) See April 17, 2014 Updated Maverick Gold Project Resource estimate (PL Gold Deposit and Initial Nokomis Gold Deposit) Press Release at www.minnovacorp.ca Note 2) Historical resource estimates that predate NI 43-101 are not compliant with current definitions; consequently, they should not be relied on by investors.

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Maverick Gold Project 2014 Project Milestones

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2014 Program Focused De-Risking Mine Plan – Feasibility Study fall 2014

• Positive Updated PEA July 2014 (@US$1,250/oz Au and USD:CAD 1.05) 1

• Production - ~50,000 oz per year

Pre-tax After-tax

NPV 0% : C$146.2 mln C$125.7 mln

5% : C$97.7 mln C$83.9 mln

8%: C$77.5 mln C$66.4 mln

IRR 59% 55%

• Low capital cost - $26.3 million

• Time to cash flow <18 months

• Exploration and re-start upside

• PL Deposit still open at depth and along strike

• Numerous geophysical targets identified Note 1) The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized; See July 9, 2014 Updated Preliminary Economic Assessment at www.minnovacorp.ca

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Puffy Lake Mine Why did Pioneer Metals Fail?

13 www.minnovacorp.ca

Pioneer Metals Mine Failure in 1989 was Entirely Self Inflicted

• Pioneer Mining management decisions and poor execution

• Built too large a mill

• Poor mining method choice – focus on tonnes vs grade

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Maverick Gold Project Existing Infrastructure – Large Property Position

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Historic Au Production

• Produced 28,000 oz from 1988-1989

• Existing 1,000 tpd mill

• 7,000 m underground mine workings

• Limited exploration on property

Resource Expansion Potential

• PL and Nokomis deposits still open

• Bonanza grades at Nokomis - 7.63 m with 125.08 g/t Au at Nokomis

• Numerous drilling targets outlined from VTEM survey along 20 km gold bearing horizon

Existing Infrastructure and Permits = Strategic Advantage

PL Property

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Maverick Gold Project – PL Deposit Longitudinal Section Facing West

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Pit 1

Pit 4/5 Pit 1 Pit 2 Pit 3

www.minnovacorp.ca

AREA 1

AREA 3

AREA 2

AREA

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Optimized Mine Plan Achieves Significant Increase in Mine Production

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Maverick Gold Project Key Permits and Infrastructure In Place

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New Underground Mine Plan – SAMSTM Specialized Shallow Angle Mining System

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• Modular concept and design • Very high proportion of the

mining tasks are mechanized • Eliminate the use of manual drills

for drift development • Jackleg vs Long Tom and

Jumbo • Long hole productivity without

the dilution • See www.minrail.ca for more

information

www.minnovacorp.ca

Auriga is De-Risking MGP with New Underground Mine Plan and Innovative SAMSTM

SAMSTM developed by Minrail Inc., of Val-d'Or Quebec

• Unique and innovative mining system for shallow-angle mining operations (S.A.M.S.™)

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Old Underground Mine Plan – Conventional

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Other Narrow Vein Mining Methods are Manually Intensive and Less Productive

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New Underground Mine Plan – SAMSTM Specialized Shallow Angle Mining System

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Innovative Mechanized Rail-Based System is Safer with Higher Productivity

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Minnova Corp. Attractive Value Proposition

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One of the Most Attractive Near Term Producer Value Propositions

AISC: Cash Costs + Corp. G&A + All Capex (Exploration, Development, Sustaining), Source: Company reports

Low AISC

Source: Scotiabank

MCI

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0.20x

0.30x

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0.60x

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P / NAV

Low P/NAV relative to other emerging producers

Low Cash operating costs

Low AISC

Low Capital Intensity

Short time to production

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Minnova Investment Highlights

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Maverick Gold Project – Key Value Driver today

Finance ready

Positive July 2014 Updated PEA for open pit and U/G mine re-start

Near term gold Production

Average annual production of ~50,000 ounces at cash cost of $798/oz1

Low start-up capex of $26.3 Million

After-tax NPV5% C$83.9 mln, IRR 55%

Don’t Despair Weak Gold Price / Sector Environment – Creating Opportunities

Weak gold price environment is to some extent hampering financing but at the same time its creating interesting M+A opportunities

Growth Beyond Maverick Gold Project

Other commodity opportunities being reviewed

MCI’s Value Proposition is One of the Best in the Jr Gold Development Sector Today

Note 1) See July 9, 2014 Updated Preliminary Economic Assessment at www.minnovacorp.ca

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For more information: Minnova Corp. M C I : T S X V +1 647 985 2785 365 Bay Street, Suite 400 Toronto, Ontario M5H 2V1 www.minnovacorp.ca MCI_Minnova MCI.Minnova

Thank You