TSX: MEOTC: MPUCF I XETRA: MOP

Investor Presentation

January 2020

HIGH GRADE GOLD IN THE TIMMINS CAMP

TSX : ME

OTC: MPUCF; Xetra: MOPTSX : ME

Forward-Looking Statements

2

This presentation contains forward-looking information and forward-looking statements, collectively “forward-looking statements”. All

statements, other than statements of historical fact, that address activities, events or developments that the Company believes,

expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration programs,

potential mineralization, future plans and objectives of the Company, updated to the mineral resources, and the timing and results

thereof) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company

based on information currently available to the Company.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to

differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially

realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could

cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the

availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations

affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other

risks involved in the mineral exploration industry.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities

laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information,

future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements

are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be

put on such statements due to the inherent uncertainty therein.

TSX : ME

Overview of Moneta

3TSX : ME

Ontario Focused Gold Explorer in the Timmins Camp

Excellent Neighbourhood:

FLAGSHIP ASSETGolden Highway Project

Latest Resource in District

• Significant increase in resource

• 58% growth(1) in November 2019

• Regional scale potential

1) In the Indicated resource category. Inferred resource category increased by 40%.

• New Updated Resource

• Significant high-grade resource

• No royalties or encumbrances

Newmont Goldcorp, Pan American Silver, McEwen

Mining, Osisko Mining and Kirkland Lake Gold

Moneta’s Highlights

4TSX : ME

Golden Highway Project has a Current Resource 1 of 556,500 ozs (3.82Mt @ 4.53 g/t Au) Indicated & 1,174,000 ozs (8.74Mt @ 4.31 g/t Au) Inferred

Updated November 201950% increase in contained ounces Open in all directions with excellent potential for expansion

• 100% Ownership of Major Land Package consisting of 6 Gold Projects along the Prolific Destor-Porcupine Fault Zone (DPFZ)

Existing Infrastructure to Support Future Gold Production Scenarios• Good Neighbours: Newmont-Goldcorp, McEwen Mining, Pan American Silver,

Osisko Mining and Kirkland Lake Gold

• 50% Ownership of Garrison Project JV with Kirkland Lake Gold

• Existing Infrastructure to Support Future Gold Production Scenarios

1. November 15, 2019 Micon International Limited NI 43-101.

• No royalties or encumbrances over resources

Corporate Information

5TSX : ME

Shares Outstanding 311.2 Million 52 Week RangeHigh: $0.16Low: $0. 09

Options ($0.22) 17.3 MillionJanuary 10, 2020

Current Share Price $0.13

Fully Diluted 328.5 Million Market Capitalization $40.5M

Insiders acquired 4.5MM shares in the last year

Institutional Shareholders

Mackenzie Funds Eric Sprott

Sprott Funds K2

Dundee US Global

Analyst Coverage Don Blyth Paradigm

Cash Position $5.5MM

Debt Nil

Leadership: Management & Directors

6TSX : ME

Management Team:

Gary O’Connor CEO & Chief Geologist

Ian Peres President & CFO

Board of Directors:Kevin Heather Independent Director

Rod Cooper Independent Director

Alex Henry Independent Director

Patricia Sheahan Independent Director

Mark Wayne Independent Director

Warren Bates Independent Director

Josef Vejvoda Independent Director

Successful Track Record in Exploring, Developing and Producing

Team experience includes:

6 Gold Projects In The Timmins Camp

7TSX : ME

• Timmins Gold Camp has produced >80Moz Gold over the last 100 years• Canada’s most prolific gold producing camp• 618km2 land package along the DPFZ• Adjacent to operating mines with under-utilized mills• Excellent infrastructure (roads, power and local workforce)

Golden Highway Project

8TSX : ME

Summary

Large Archean Orogenic Gold System

Deposit Type Archean Greenstone deposits

Size and Scale

• Large open system; resources over ~4km strike • Several drill targets identified over additional 4km• Regional scale potential over 12km strike of BIF• Plus ultramafic/mafic hosted deposits

Grade

• High grade mineralized structural setting• Defining high grade extensional veins• Readily able to expand high grade structures• Underground resource model

Current Resource 1556,500 oz of Indicated (3.82 Mt @ 4.53 g/t Au)1,174,000 oz of Inferred (8.47 Mt @ 4.31 g/t Au)

1) See NI 43-101 technical report dated February 2019 for details

Golden Highway Project

9TSX : ME

New Geology

Major jog in DPFZ• Several splays of the DPFZ• >12km strike length • Transgressive basin

Sedimentary Basin• Timiskaming age clastics• Extensional regime

Mafic/Ultramafic • Splays along DPFZ• Structural settings

Same sequence and age of units as Timmins Camp

Mineral Resource Estimate by Deposit

10TSX : ME

Golden Highway ProjectAs at November 2019 (Prepared by Micon International), reported at a 3.00 g/t Au cut-off

Indicated Inferred

DepositTonnes

(t)Grade

(g/t Au)Ounces

(oz)Tonnes

(t)Grade

(g/t Au)Ounces

(oz)

South West 3,239,000 4.53 472,000 7,601,000 4.32 1,056,500

WJ South 364,000 4.19 49,100 173,000 4.59 25,500

“55” Zone 216,000 5.11 35,400 327,000 4.31 45,300

WJ North - - - 265,000 3.80 32,400

Discovery - - - 108,000 4.12 14,300

Total 3,819,000 4.53 556,500 8,474,000 4.31 1,174,000

• Top capping by deposit on 1m composites varying from 6 g/t Au to 37 g/t Au• Minimum 1.50 m width. Constrained to geological wire frames • At US$1,250/oz Gold Price, 60 m search radius• Ordinary kriging, 5m x 5m x 10m parent blocks with sub-blocking• Variable bulk densities, averaging 2.78 t/m3

South West Mineral Resource Update

TSX : ME 11

January 2019 comparison with November 2019 by Category

*Includes West Block

Resource estimate by Terry Hennessy of Micon International, November 20193g/t Au cut-off

Indicated Inferred

Resource Tonnes Grade Ounces Au Tonnes Grade Ounces Au

Date (t) (g/t) (oz) (t) (g/t) (oz)

January 2019 2,007,000 4.63 298,900 5,583,000 4.21 755,800

November 2019 3,239,000 4.53 472,000 7,601,000 4.32 1,056,500

Difference + 1,232,000 + 173,100 + 2,018,000 + 300,700

Percentage + 61% + 58% + 36% + 40%

Resource: Selectivity by Cut-Off Grade

TSX : ME 12

South West Deposit; Mineral Inventory

• 7.2% of tonnes in isolated blocks removed from resource estimate• 5.4% of ounces in isolated blocks removed from resource estimate

See NI 43-101 technical report dated February 2019 for details

Unclassified Mineral Inventory

Cut-off Tonnes Grade Ounces

(g/t) (t) (g/t) (oz)

5.00 2,377,000 6.56 501,200

4.50 3,302,000 6.04 641,600

4.00 5,177,000 5.40 898,700

3.50 7,872,000 4.83 1,221,300

3.00 11,298,000 4.34 1,577,200

2.50 16,109,000 3.86 2,000,100

2.00 25,005,000 3.28 2,636,700

1.50 40,005,000 2.70 3,476,200

1.00 57,643,000 2.25 4,175,000

0.50 74,696,000 1.91 4,596,200

South West Geology

13TSX : ME

Golden Highway Project

Updated Interpretation

Host• 3 x BIF units• One favourable host

o Coarse sandstone

Veins• Extensional• Steeply dip to SW• Strike NNW• Drilled to 1,200 m• Veins up to 25m wide• Up to 400m strike length• Alteration/vein type

Resource Geology: Cross Section View

TSX : ME 14

Golden Highway Project

• Focus has been on South West• Shallow and limited drilling at “55” & Windjammer South• New resource in November 2019• 50% increase in ounces• West Block and Gap extensions included

Exploration Potential

15TSX : ME

• Westaway, Halfway, Dyment 3 and Western targets

• Historically drilled

• 8km of 12km BIF strike length

• 4km not tested

Golden Highway Project

New gold vein systems hosted in Timiskaming sediments

Halfway 2019 drilling:1.80 m @ 7.48 g/t AuInc. 0.77 m @ 15.50 g/t Au3 new zones

Comparable Company Valuations

16TSX : ME

Moneta Porcupine; Golden Highway Project

“5.56”: Grade of deposit (g/t Au)

15.00

0.67

6.27

7.37

0.64

5.56

7.52

5.58

6.148.58

1.87

6.100.91

4.38

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

7.0

7.5

8.0

05010015020025030035040045050055060065070075080085090095010001050

Resource(Moz)

Market Cap($Million)

Market Cap Resource

Precedent Transactions

17TSX : ME

Moneta Porcupine; Golden Highway Project

5.67

3.19

4.66

8.51

5.18 6.048.69

5.38

1.66

1.37

0.90

13.64

5.33

4.38

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

7.0

$0.00

$50.00

$100.00

$150.00

$200.00

$250.00

$300.00

$350.00

$400.00

$450.00

$500.00

Richmont Mines

(Alamos Gold)

Klondex (Hecla

Mining)

Lakeshore Gold (Tahoe Resources)

Claude Resources

(Silver Standard

Resources)

Probe Mines

(Goldcorp)

Queenston Mining (Osisko)

Integra Gold Corp

(Eldorado Gold)

AVERAGE Romarco (Oceana

Gold)

Kaminak (Goldcorp)

Trelawney Mining

(Iamgold)

Dalraidian (Orion)

Barkerville (Osisko)

Moneta porcupine

Total Resource(Moz)

Precedent Transactions Comparison (Price$/oz)

C$/oz Total Resource (oz) “5.56”: Grade of deposit (g/t Au)

2020 Plans & Objectives

18TSX : ME

• 2020 Drill Program of 18,000 metres

• Drill extensions of West Block resource to the west

• Drill test expansion potential at “55” and Windjammer South

• Test new Halfway and Westaway targets

• Test new targets

• Improved gold recoveries (94-95.5%)

• Continue to de-risk project

• Update new resources as required

• PEA at South West being scoped

Expand and Improve Mineral Resource Estimate

Golden Highway Project

Investment Highlights

19TSX : ME

• Indicated resource increased 58%, inferred resource increased 40% (November 2019)

• Currently expanding mineral resource base

• Preliminary Economic Assessment being considered for 2020

• Excellent infrastructure – nearby mills

• Good safe jurisdiction

• Successful neighbours – Newmont-Goldcorp, McEwen Mining, Kirkland Lake Gold, Pan American Silver, OsiskoMining

• Short time-line to production potential

Potential to Expand and Develop Mineral Resources

Golden Highway Project

20TSX : ME

CORPORATE CONTACT

Moneta Porcupine Mines Inc.65 Third AvenueTimmins ON P4N 1C2

Tel: 1-705-264-2296 | Timmins

Email: info@monetaporcupine.com

monetaporcupine.com

TSX : ME