RE-IMAGINING LEAD

February 2016

(TSX:LFX)

FORWARD LOOKING STATEMENTS

11/7/2016

LEADFX Inc. (“LEADFX”) is a reporting issuer under Canadian securities laws. Certain statements

contained in this presentation are forward-looking information within the meaning of securities laws. All

statements included herein (other than statements of historical facts) which address activities, events or

developments that management anticipates will or may occur in the future are forward-looking

statements, including statements as to the following: statements relating to the business and future

activities of, and developments related to LEADFX, and its subsidiaries after the date of this

Presentation, including the development of water, lead and silver assets, future business acquisitions or

transactions, future lead production, construction, commissioning and development of the Burgin Mine or

quarrying on the property of Chief Consolidated Mining Company, the timing and length of care and

maintenance at the Paroo Station Mine or Burgin Mine and future sales, future targets and estimates for

production and sales, LEADFX’s ability to meet its working capital needs and debt repayments in the

near term, forbearance by Enirgi Group Corporation pursuant to the amended credit agreements, the

receipt of required additional financing to restart and operate the Paroo Station Mine, the cost and timing

for completion of capital projects necessary for any future operations, grades and future lead prices,

Mineral Resources, Mineral Reserves, life of mine, recovery rates, grades and prices, business

strategies and measures to implement such strategies, competitive strengths, estimated goals and plans

for LEADFX‟s future business operations, lead market outlook and other such matters. Forward looking

statements are often, but not always, identified by the use of words such as „„seek‟‟, „„anticipate‟‟,

„„contemplate‟‟, „„target‟‟, „„believe‟‟, „„plan‟‟, „„estimate‟‟, „„expect‟‟, and „„intend‟‟ and statements that an

event or result „„may‟‟, „„will‟‟, „„can‟‟, „„should‟‟, „„could‟‟ or „„might‟‟ occur or be achieved and other similar

expressions. These statements are based upon certain reasonable factors, assumptions and analyses

made by management in light of its experience and perception of historical trends, current conditions

and expected future developments, as well as other factors management believes are appropriate in the

circumstances. However, whether actual results and developments will conform with management‟s

expectations is subject to a number of risks and uncertainties, including factors underlying

management‟s assumptions, such as, expected concentrate sales when in operation, the costs and

other capital expenditures required to maintain operations and transportation, the timing, need and ability

to raise additional financing and the risks relating to ramping up mining and milling throughput and

operations, funding requirements, the restart of mining and milling operations, matters relating to

regulatory compliance and approvals, shareholder dilution, regulatory proceedings and litigation and

general operating risks such as metal price volatility, lead carbonate concentrate treatment charges,

exchange rates, health and safety, environmental factors, mining risks, metallurgy, labour and

employment regulations, government regulations, insurance, dependence on key personnel, the nature

of mineral exploration and development and common share price volatility. Forward-looking statements

and other information contained in this Presentation concerning the lead and silver industries and our

general expectations concerning the lead and silver industries are based on estimates prepared by us

using data from publicly available industry sources as well as from market research and industry

analysis and on assumptions based on data and knowledge of these industries which we believe to be

reasonable. However, this data is inherently imprecise, although generally indicative of relative market

positions, market shares and performance characteristics. While we are not aware of any misstatements

regarding any industry data presented in this Presentation, the lead and silver industries involves risks

and uncertainties and is subject to change based on various factors. Additional factors and

considerations are discussed in LEADFX‟s 2014 annual information form dated March 10, 2015,

management information circular September 14, 2015 and elsewhere in other documents filed from time

to time by LEADFX with Canadian securities regulatory authorities and available on SEDAR at

www.sedar.com. While LEADFX considers these assumptions to be reasonable based on information

currently available to it, they may prove to be incorrect. These factors may cause the actual results of

LEADFX to differ materially from those discussed in the forward-looking statements, and there can be no

assurance that the actual results or developments anticipated by management will be realized or, even if

substantially realized, that they will have the expected results on LEADFX. Undue importance should not

be placed on forward-looking information nor should reliance be placed upon this information as of any

other date. Except as required by law, while it may elect to, LEADFX is under no obligation and does not

undertake to update this information at any particular time.

All statements, opinions and views contained in this Presentation are solely those of LEADFX and do not

constitute any written or public oral statement of Enirgi Group Corporation or any other third party.

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LEADFX Overview

• 100% ownership of the Paroo Station lead carbonate mine in Western Australia

• 1.4M tpa capacity lead concentrator placed on care and maintenance in early 2015

• 6.8M tonnes of Proven and Probable Mineral Reserves at 7% Pb1

• 31.8M tonnes of Measured and Indicated Mineral Resources (inclusive of Mineral Reserves)

at 4.4% Pb1

• Restart ready with robust economics at todays lead prices and Australian dollar

• Recently refinanced debt-facility

• 83% ownership in Chief Consolidated Mining, a lead-silver project located in Utah anticipated to

advance to pre-feasibility stage

1 From NI 43-101 Technical Report on the Paroo Station Mine, Wiluna, Western Australia dated March 10, 2015 prepared by SRK Consulting (Australasia) Pty Ltd. For LEADFX

Inc. (formerly, Ivernia Inc.)with an effective date of December 31, 2014. See Notes on Mineral Resource and Mineral Reserve Estimates for further information.

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Why Invest in Lead?

• In the 1980‟s and 90‟s the mantra “Lead is dead” was a common catch phrase around the

resources sector and, as a consequence, little was invested in lead exploration or mine

development.

• Due to decades of under-investment in exploration, the mining sector is not prepared to

meet the demand. There are limited new mine opportunities to replace the rapidly depleting

resources.

• Many lead-silver mines closed in the period from 1970-1990 due to low metal prices and, in

some jurisdictions, increasing regulatory burdens. Many of these dormant mines are now

owned by under-capitalized companies.

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1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Lead Price (US$/lb)

LME Lead Stock

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• Lead is expected to be in a supply / demand deficit in 2016 as demand rebounds and a

portion of current supply is taken off-line.

• Lead price forecasts for 2016 are $2,250/t and $2,100/t, respectively, or $1.02/lb and

$0.95/lb.1

Supply and Demand, Price Forecast

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2 UBS Global I/O: Miner‟s Price Review - Dec, 2015

Chinese growth slowing but continuing

positive demand outlook

Asian growth in electric motorcycle

battery replacement

Global automobile ownership continues to

grow

Analysts forecast for global lead demand

growth to be 2.5-3.5% CAGR to 20202

Confirmed 2015 closures: 70k tpa

between Century Mine (Australia) and

Lisheen Mine (Ireland)

No known large lead mines approved

outside of China to replace supply

Lead prices will need to increase to

encourage investment

LEAD DEMAND LEAD SUPPLY

1 Wood Mackenzie and Metal Bulletin Research, or $1.02/lb and $0.95/lb.

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Supply and Demand, Price Forecast in Silver

• Silver demand is expected to have slight growth in coming years underpinned by robust industrial demand

• Supply expected to peak in 2018 due to grade decline and mine closures similar to Lead

• Silver average price outlook is around $17.25 in 2016 and $21.00 in 2020 despite the deficit forecast.

Price sensitive and the strength in USD will be a drawback for demand in physical silver1

1Source: UBS Global I/O: Miner‟s Price Review - Dec, 2015

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Wayne has orchestrated the consolidation and

growth of Enirgi Group since its inception. He

has a track record of successfully creating and

growing domestic and international companies.

Wayne has been a Director of LEADFX since

2012.

Wayne Richardson PRESIDENT & CHIEF EXECUTIVE OFFICER

Management Team

Rob is a Mining Engineer with over 25 years

in the Australasian mining industry. Rob has

been involved with and led several mine start-

ups and operational turnarounds, including

BHP‟s Cannington mine. Rob has been

associated with the Paroo Station mine since

2009 and led the 2010 restart.

Rob Scargill MANAGING DIRECTOR

Doug is a Chemical Engineer who has

extensive experience with Rio Tinto Alcan and

Alcan Gove Pty Limited. Doug has over 10

years of general management experience

including mining, mineral processing and rail

operations. Doug has been involved with

Paroo Station since 2010 and led the 2013

restart.

Doug Grimmond DIRECTOR OF MINING OPERATIONS,

AUSTRALIA

Lincoln Greenidge CHIEF FINANCIAL OFFICER

Lincoln is a Canadian Chartered Accountant who

has 16 years of experience in Finance roles within

industries such as Banking, High Technology, Life

Sciences, Dry Food Products, and Mining. Prior to

joining LEADFX, he was Corporate Controller of

IAMGOLD and HudBay Minerals Inc.

D'Arcy is a former partner with Gowling

Lafleur Henderson LLP, where he worked

with public mining companies focusing on

corporate and securities law. D'Arcy holds a

Master of Laws (Securities Law) from

Osgoode Hall Law School.

D‟Arcy Doherty VP, LEGAL & GENERAL COUNSEL

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Mr. Richardson has wide ranging experience in the

lead industry and has had a career in strategic

business development at the senior management

level in domestic and international markets. Mr.

Richardson is the director and the President and

CEO of Enirgi Group Corporation. Wayne has

been a Director of LEADFX since March 2012.

Wayne Richardson PRESIDENT & CHIEF EXECUTIVE OFFICER

Board of Directors

David Ming Qi has been Deputy General

Manager at China Yunnan Metallurgical Group

Co. Ltd. ("CYMCO") since 2008 - responsible for

CYMCO's overseas projects and M&A activities.

Mr. Ming Qi is an experienced executive having

a broad range of experience in both China and

internationally.

David Ming Qi

Mr. Metcalfe has been Counsel at Metcalfe,

Blainey & Burns LLP since 2001. Mr. Metcalfe

has extensive executive, board, compensation

committee and audit committee experience and

currently serves on the board of several public

companies.

Robert Metcalfe Mr. Warner is a senior professional

accountant and former Partner at

KPMG LLP, having retired in

September 2010 after 30 years of

service. Mr. Warner has a

Bachelor of Commerce and a

Masters of Business Administration

from McMaster University.

David Warner

The Honorable J. Trevor Eyton CHAIRMAN

Senator Eyton served as President and CEO of

Brascan (now Brookfield Asset Management

Inc.). He currently serves on the public boards of

Brookfield Asset Management, Magna

International, Silver Bear Resources Inc. and

Cancana Resources Corp. Senator Eyton was

appointed a director of LEADFX's predecessor

company in May 2000.

Peter Robson is an experienced company

director with a professional background as

a senior engineer with both Australian and

Asian manufacturing firms. Mr. Robson's

career has established him with a unique

network throughout Australian industry and

government.

Peter Robson

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Why LEADFX?

Proven Management

Restart Ready

Project Pipeline

Stable Jurisdictions

LEADFX Advantage

A proven management team with extensive experience in the primary

lead sector including commissioning and operating the Paroo Station

Mine.

The flagship Paroo Station lead carbonate mine in Western Australia is

currently on care and maintenance. Restart of commercial production

is anticipated for H2, 2016.

The Burgin Mine underground silver-lead-zinc project located in

Utah anticipated to be advanced to a pre-feasibility level by Chief

Consolidated Mining (83% owned by LEADFX).

Western Australia and Utah ranked 5th and 14th, respectfully, in

the Frasier Institute‟s Mining Investment Attractiveness Index in

2014.

A technology advantage through leveraging Enirgi Group's

existing smelting relationships.

Potential cash flow from industrial minerals on Chief.

Relationship with Enirgi Group provides a broader range of

skills and expertise than normal for a company of this size.

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Enirgi Group Corporation

Enirgi Group Corporation (“Enirgi Group”) is the majority shareholder of

LEADFX (85% ownership).1 Enirgi Group is a Canadian specialty

chemicals and diversified industrials company focused on the operation

and development of long-life, low-cost resource assets. Enirgi Group‟s

story is about the quality of its management, the development and

application of innovative and disruptive business models and

technologies to create world class assets, and understanding and

changing the markets in which it operates.

ENIRGI GROUP CORP OFFICE - TORONTO SODA DERIVATIVES

LITHIUM COMPOUNDS

WATER & OIL SHALE DERIVATIVES

SPECIALTY LEAD METAL

ENERGY STORAGE

• National leading supplier of energy storage

solutions

• Global expansion through strategic acquisition

• Dominant lead-acid battery supply, collection

and recycling market in Australia

• Development-stage lithium compounds

project

• Established producer of sodium

bicarbonate

• Lead-silver projects in United States and

Australia

• Exploring opportunities to acquire strategic

resource projects

• Oil shale asset and bespoke extraction

technology

INNOVATION CHEMICALS POWER STORAGE

AGRICULTURAL ENVIRONMENTAL SERVICES RESOURCES

• Proprietary extraction technology

• Engineering, procurement, construction

management capabilities

• In-house R&D capabilities

• Significant water rights in terms of both

volume and primacy

• Targeting municipal and industrial water

supply, logistics and water remediation

• Micronutrients

• Fertilizers

• Reagents

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1 Based on information obtained from Enirgi Group‟s website.

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Stable Mining Jurisdictions

Mining development project

Exploration project

Paroo Station Mine, WA (100%)

• 6.8M tonnes Proven and Probable @ 7% Pb1

• 31.8M tonnes Measured and Indicated @ 4.4% Pb1

• 8.4M tonnes Inferred @4.0% Pb1

Burgin Mine, Utah (83%)

• Medium-term: Underground

Lead-Silver-Zinc potential

Sun Project, Alaska

1 From the NI 43-101 Technical Report on the Paroo Station Mine, Wiluna, Western Australia dated March 10, 2015 prepared by SRK Consulting (Australasia) Pty Ltd. For

LEADFX Inc. (formerly, Ivernia Inc.)with an effective date of December 31, 2014. See Notes on Mineral Resource and Mineral Reserve Estimates for further information.

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Nominal 79,000 tpa Contained Pb Nominal 79,000 tpa Contained Pb

2005

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Company and Paroo Station Mine History

October 2005

• Paroo Station Mine

achieves commercial

production

April 2007

• Care and Maintenance

following EPA investigation

into the air quality surrounding

the vicinity of the Port of

Esperance

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

February 2010

• Production recommences

using packaged concentrate

April 2011

• Voluntary suspension

of production and

concentrate transport

review

March 2013

• Company announces

recommencement of

processing operations

December 2014

• Mine placed on Care and

Maintenance due to low spot

lead prices and high

AUS:USD exchange rate

November 2015

• Ivernia converts debt

owed to Enirgi Group

and changes name to

LEADFX

December 2015

• Enirgi Group eliminates

LEADFX‟s obligations to

Sprott Resources Lending

through bridge financing

with Enirgi Group

Nominal 90,500 tpa Contained Pb

On Care & Maintenance On Care & Maintenance

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October 2011

• Following a review the

Western Australia EPA

concludes concentrate

transport process is best

practice

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2016 – AGGREGATE

• Restart Paroo Station Mine if economics support

• Identify and execute a second M&A transaction to include further assets and near-term

cash flow generation (Potentially coincide with fund raising for Mine development)

2017 – ACCELERATE

• Paroo Station to produce 80,000 tonnes of contained Lead (Top 10 non-Chinese

producer), subject to successful 2016 restart

• Seek to increase Paroo Station Mine life through Resource to Reserve conversion by:

• lowering operating costs in a softening WA mining sector

• simplifying logistics support, and

• focusing on secondary smelting market

• Investigate construction of Burgin Mine or alternate for commissioning in 2018

Proposed Growth Plan

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Paroo Station Lead Carbonate Mine, WA

• 4,000 tpd concentrator consisting of crushing,

grinding, sulphidisation, flotation and dewatering

circuits commissioned in 2005

• March 2015 NI 43-101 technical report completed by

SRK notes that the capital costs associated with

restarting the project are considered to be relatively

low given the recent operational history

• Unique concentrate can be treated in battery

recycling plants

• World-class lead concentrate handling system for mine site, rail and port facilities

• LEADFX priority to lower mining costs and capitalize on foreign exchange advantage

Opportunities

• Potential for toll treatment agreements with South East Asia smelting partners to

provide cost certainty

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• 83% owned mineral properties in historic mining district in

Utah

• Approximately 14,000 acres of patented and unpatented

mining claims in the state of Utah

• Historical Tintic mining district which produced a recorded 17

million tonnes of ore for 1.1 million tonnes of lead metal and

289 million ounces of silver

• The Burgin Mine was operated by Kennecott on the claims

up to 1978

Burgin mine, Utah - Chief Consolidated Mining

Opportunities

• Partner with technology leader to develop electro-win solutions for lead recovery without

smelting

• Short-term cash flow opportunity from industrial mineral quarrying is being pursued

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Resources and Reserves

Paroo Station Mine1

Burgin Mine Extension

1 From the NI 43-101 Technical Report on the Paroo Station Mine, Wiluna, Western Australia dated March 10, 2015 prepared by SRK Consulting (Australasia) Pty Ltd. For

LEADFX Inc. (formerly, Ivernia Inc.)with an effective date of December 31, 2014. See Notes on Mineral Resource and Mineral Reserve Estimates for further information.

Reserves Tonnes (Mt) Pb% Contained Pb Metal (kt)

Proven 1.7 7.2 126

Probable 5.0 7.0 349

Total P+P 6.8 7.0 475

Resources Tonnes (Mt) Pb% Contained Pb Metal (kt)

Measured 6.0 4.5 275

Indicated 25.8 4.3 1,120

Total M+I 31.8 4.4 1,395

Inferred 8.4 4.0 340

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Historical Resource published by previous owner is under review

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Capital Structure & Shareholder Summary

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Capital Structure

Shareholder Summary

% Held

Institutions

Enirgi Group Corporation 85.1%

Ingalls & Snyder LLC (Asset Management) 3.2%

Dynamic Resource Fund 0.5%

Nesbitt Burns ITF (Pinetree Resource Partnership) 0.3%

Rossport 0.3%

Subtotal 89.5%

Total Shares (Basic) 100.0%

1 Based on available 2015 shareholders data.

1

(in US$ millions, except per share amounts) Current

Current Share Price February 22, 2016 $0.22

Basic Shares Outstanding 38.3

Basic Market Capitalization $8.4

In-The-Money Options 0.0

Fully Diluted Shares Outstanding 38.4

Fully Diluted Market Capitalization $8.4

Cash & Cash Equivalents $1.6

Total Debt $12.1

Enterprise Value $19.0

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Notes on Mineral Resource and Mineral Reserve Estimates Paroo Station Mine

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The mineral resource estimate and mineral reserve estimate for the Paroo Station Mine is extracted

from the “NI 43-101 Technical Report on the Paroo Station Mine, Wiluna, Western Australia” dated

March 10, 2015 prepared by SRK Consulting (Australasia) Pty Ltd. for LEADFX Inc (formerly, Ivernia

Inc.) with an effective date of December 31, 2014. A copy of the full technical report is available on

LEADFX‟s website at www.www.leadfxinc.com and on its SEDAR profile at www.sedar.com. Mr. Terry

Burns FAusIMM, an employee of Warbrooke-Burns & Associates Pty Ltd., is a “Qualified Person” for

purposes of NI 43-101 and he supervised the preparation of and verified the above mineral resource

figures prepared by LEADFX‟s consultants. The Mineral Reserve Estimate was developed by Mr

Adrian Jones of AMC Consultants Pty Ltd. (“AMC”). Mr. Bruce Gregory, MAusIMM(CP) of AMC is a

Qualified Person for the purposes of NI 43-101 and he supervised and verified the above Mineral

Reserve figures prepared by Mr Jones.

2015 SRK (Australia) Technical Report

Highlights

Total Restart

Capital Cost

A$25M

Pb price USD$2,100/t

Mine Life 4.2 years

Average

Production

1.36 Mtpa

Metallurgical

Recovery

77.5%

Concentrate Grade 67%

NPV(8%) A$136M

AUD/USD $0.77 LOM

TSX:LFX

CONTACT

Jessica Helm

Investor Relations

1 Adelaide Street East, Suite 3001

Toronto, Ontario

Canada M5C 2V9

P | + 1 416 867 9298 E | info@leadfxinc.com W | leadfxinc.com

A pure Lead & Silver resource company

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