GOLD EXPLORATION CORPORATE PRESENTATION IN JANUARY 2017

TSX.V: KTR FORWARD-LOOKING STATEMENT

Our presentation contains “forward‐looking statements” not based on historical facts. Forward‐looking statements express, as of the date of this presentation, our estimates, forecasts, projections, expectations and opinions as to future events or results. The forward looking statements that are contained in this presentation are based on various assumptions and estimates by the Corporation and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward‐looking statements and readers should not place undue reliance on forward‐ looking statements. We caution you that such forward‐looking statements involve known and unknown risks and uncertainties, as discussed in the Corporation’s filings with Canadian Securities Administrators. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Corporation expressly disclaims any obligation to update any forward‐looking statements, except as required by applicable securities laws.

2 KINTAVAR MANAGEMENT BOARD OF DIRECTORS

Alain Cayer, P.Geo, M.Sc, Vice President Exploration Kiril Mugerman, President & CEO • VP Exploration of Géomega Resources • President/CEO of Géomega Resources • Project geologist with Virginia Mines, Eleonore Project • Previously exploration geologist with Fields Ltd. and analyst with • Holds a M.Sc. in geology (mineral resources) from UQAM Industrial Alliance Securities • Holds a B.Sc. from McGill University in Earth & Planetary Sciences

Ingrid Martin, CPA, CA, CFO David Charles, CFA, M.Sc. • Currently the CFO of Géomega Resources, Midland Exploration and • Director of Odyssey Resources and President of Kilganor Inc. Hinterland Resources. Director and CFO of Sphinx Resources. • 28 years experience including managing director and head of mining • Previously CFO of Melkior Resources, Strateco Resources, research at Dundee Capital Markets and partner & senior mining analyst Stakeholder Gold and Maudore Minerals. metals and mining with GMP Securities • Holds a B.Sc. in accounting from HEC. • Holds a M.Sc (Applied) in Mineral Exploration from McGill University

Michel Gauthier, P.Geo, OIQ, Ph.D, Technical advisor Mark Billings, CFA • Director of Sphinx Resources and advisor to Midland Exploration and • Chairman and CEO of Canamex Resources Corp. Fonds de Solidarité de la FTQ and SOQUEM • Previously Sr. VP Corp. Dev. and CFO with Argex Titanium Inc. and VP • Over 35 years experience in mineral exploration. Recently retired as Corporate Finance with Desjardins Securities Inc. a professor at UQAM (Montreal) • Holds a B.A. (Highest Honours) in Political Science from Carleton University • Holds a Ph.D in geological engineering from École Polytechnique de and MBA from Harvard Business School Montreal

Experienced exploration team with more than Maxime Lemieux, LLC • Member of the National Capital Markets and M&A group at McMillan LLP 15 years experience in the research and • Practice focused on securities, corporate finance and M&A in the mining and development of rare and precious metals technologies sectors • Extensive experience as director and member of audit committee of public deposits. companies

3 KINTAVAR TRANSACTION OVERVIEW

Pre‐consolidation (BSC PreShare) Post‐consolidation (BSC PostShare) Name change Black Springs Capital Corp. (BSG.H) Shares – 3,250,000 Kintavar Exploration Inc. (KTR.V) Shares – 6,500,000 Options – 200,000 Options – 400,000

Transaction Black Springs – GéoMégA – Géomines Pricing $0.14 per BSC PostShare GéoMégA Gold Portfolio: $2,500,000 – 17,857,143 BSC Post Shares Géomines Gold Portfolio : $1,500,000 – 10,714,286 BSC Post Shares Finder’s fee : 190,476 BSC PostShares x3 – 571,428 BSC PostShares Share structure pre financing BSC: 3,250,000 PostShares GéoMégA: 17,857,143 BSC Post Shares Géomines: 10,714,286 BSC Post Shares Finders: 571,428 BSC PostShares Total: 32,392,857 Share distribution by GéoMégA Expected distribution of ~10 GMA shares to 1 BSC Post Share Shares retained by GéoMégA: ~10,029,679 Shares distributed to shareholders: ~7,827,464

4 KINTAVAR CONCURENT FINANCINGS

Bridge Financing (proceeds – transaction costs) Completed Pricing ‐ $0.0525 per BSC PreShare ($0.105 per BSC PostShare) Shares ‐ 2,100,000 BSC PreShares (1,050,000 BSC PostShares) Total ‐ $112,500

December 2016 PP in Géomines (proceeds – exploration and working capital) Completed Flow Through Pricing ‐ $0.18 per BSC PostShare Shares ‐ 4,452,000 BSC PostShares Total ‐ $801,360 Unit Pricing ‐ $0.14 per BSC PostShare + ½ warrant @ $0.18 per BSC PostShare (2 yrs) Shares ‐ 2,002,500 BSC PostShares Total ‐ $280,350

January/February 2017 PP in Kintavar (proceeds – exploration and working capital) Ongoing Flow Through Pricing ‐ $0.18 per BSC PostShare Shares ‐ up to 6,659,111 BSC PostShares Total ‐ up to $1,198,640 Unit Pricing ‐ $0.14 per BSC PostShare + ½ warrant @ $0.18 per BSC PostShare (2 yrs) Shares ‐ up to 5,140,357 BSC PostShares Total ‐ up to $719,650

Post Financings (expected) Total Shares – up to 51,696,825 Funds raised – approximately $1,100,000 Hard Dollars and $2,000,000 Flow‐Through Dollars

5 KINTAVAR SHAREHOLDERS STRUCTURE

BSC shareholders, 6.1% BSC Insiders, 2.2%

Géoméga, 19.4%

Géomines Géoméga shareholders, shareholders, 33.2% 15.1%

Jan/Feb PP + Finder's Fee, 23.9%

Capital structure

3 types of shareholders at the transaction closing Shares Outstanding: up to 51,696,825 Free trading shares: 20,323,786 39,3% Warrants (2yr, $0.18): ~ 4,000,000 (2yr, $0.18) Escrowed shares: 19,002,143 36,8% Options 200,000 4 month hold shares: 12,370,896 23,9% Fully Diluted Up to ~ 56,000,000 Market Capitalization ~ 7 million Cash: ~ 3 million

6 KINTAVAR EXPLORATION PORTFOLIO OVERVIEW

PROPERTY CLAIMS AREA (ha) METAL NSR

Anik 153 8,564 Au

Rivière à l’aigle (RAL) 98 9,026 Au

McDonald 162 8,978 Au

ABITIBI PROJECTS Other 58 3,374 Au

WHN 157 9,114 Polymetallic

Boisvert 164 9,542 Polymetallic 1% and 2% NSR (Osisko) GRENVILLE

‐ Anik project, Chapais‐Chibougamau region, Joe Mann mine area A gold discovery in a very active area. Replacement type mineralization in the sediments and orogenic type in shear zones.

‐ Boisvert / WHN project, Mont‐Laurier – Parent region Gold and showings discovery. Several mineralized showings suggesting of IOCG and porphyry system type mineralizations.

‐ Rivière‐à‐l’aigle (RAL), Lebel‐sur‐Quévillon region, Windfall project area Very strong till anomalies in a strongly underexplored area.

‐ Five (5) gold projects in reconnaissance stages based on lithological and geochemical anomalies

7 KINTAVAR ABITIBI PROJECTS

3G McDonald Maryse Oujébougoumou 113 Chibougamau Chapais waswanipi

167 Bachelor Mine IAMGOLD/Tomagold (Monster Lake)

113 Gaspard SOQUEM Joe‐Mann Mine Anik IAMGOLD/Vanstar (Nelligan)

Lebel‐sur‐Quévillon Rivière à l’aigle Osisko (Windfall)

Gouin Reservoir

8 KINTAVAR ANIK PROJECT

Lithologies Iron ore formation

Diabase

Amphibolites, basalt

Schists, Philibert metasediments 1,393 Mt @ 5,93 g/t Au Lac Meston Tonalite 1,2 Mt @ 6,25 g/t Au Ppb Au (HMC) ‐ Till 0 ‐ 99 SOQUEM 100 ‐ 499

Bobby/Kovi 500 ‐ 999 1000 ‐ 2500

Till A

Till B

NORTHERN SUPERIOR Nelligan Project JV IAMGOLD Nelligan VANSTAR area

9 KINTAVAR ANIK PROJECT - BOBBY / KOVI AREA

Winter 2017 – Proposed drilling • BOBBY – 2,000 m to test mineralization at depth, to the east 1.65 g/t Au and the contact with the sediments. 2.0 g/t Au 1m @ 1.14 g/t Au 9.39 g/t Au 20.2 g/t Au 7.14 g/t Au • KOVI – 1,500 m to test the extensions of the gold corridor at 3.22 g/t Au 1.85 g/t Au 3m @ 1.24 g/t Au depth, to the east and to the west. 1.4 g/t Au 2.84 g/t Au AK‐14‐3 6.1 g/t Au 7.34 g/t Au 1m @ 4.67 g/t Au 3m @ 1.05 g/t Au 1.6 g/t Au 2.82 g/t Au 1m @ 2.83 g/t Au 0.73 g/t Au AK‐14‐4 1.13 g/t Au 1m @ 19.45 g/t Au (VG) Intersection 1m @ 2.06 g/t Au AK‐15‐17B 7.8m @ 1.4 g/t Au

AK‐15‐16 1m @ 2.73 g/t Au AK‐14‐1

AK‐14‐2 1m @ 4.30 g/t Au

1m @ 0.72 g/t Au 1m @ 1.06 g/t Au 3m @ 1.47 g/t Au

AK‐15‐20

AK‐15‐21 AK‐14‐5

3.03 g/t Au AK‐15‐22 AK‐15‐19B AK‐14‐6 56.5m @ 0.41 g/t Au Incl. 15m @ 1.0 g/t Au 1m @ 1.27 g/t Au

1m @ 1.93 g/t Au 2m @ 1.60 g/t Au 7.96m @ 1.28 g/t Au 1.05 g/t Au Incl. 1.54m @ 3.06 g/t Au 2.28 g/t Au 31.8 g/t Au 7.23 g/t Au

AK‐15‐18 1.98 g/t Au 1.23 g/t Au

10 KINTAVAR ANIK PROJECT – NELLIGAN AREA

2017 proposed program Lac d’Eu nord 2.06 g/t Au • Target A – 1,500 m drilling (winter) to test IP STR‐91‐03 Priority #2 12.9 g/t Au, anomalies 22.1 g/t Au Tour de feu 2.1 • Target B – 30 km IP and soil g/t Au sampling study (spring North zone 5.35 g/t Au / 2017) 6.0m Lac D’Eu 4.43 g/t Au / 10.34m et (NE13‐03) 3.52 g/t Au / 10.1m (95‐1) 1.30 g/t Au / 27.28m (NE16‐37) Zones minéralisées • Target A & B – Surface Target A follow up on geochemical Liam and geophysical anomalies 2.09 g/t Au / 28.06m (summer 2017) (NE13‐08) Mila 1.03 g/t Au / 4.5m Dan (NE13‐01) Located 1,500m East of Nelligan project 6.0 g/t Au / (JV IAMGOLD/Vanstar) 10.0m (NE14‐25) Hosting lithologies and structural trends extend to the Anik property

Nelligan: Iamgold / Vanstar JV December 2016: 21 km IP study Target B completed in Target A

Ppb Au (HMC) ‐ Till Lithologies 0 - 99 Iron ore formation Schists, metasediments 100 - 499 Diabase Tonalite 500 - 999 Amphibolites, basalt Amphibolite, wacke 1000 - 2500

11 KINTAVAR RIVIÈRE-à-l’AIGLE PROJECT

Amber NORTHERN 2017 proposed program SUPERIOR • Heliborne magnetic and electromagnetic survey • IP and surface magnetic survey up‐ice end of the 4 Au trains and follow up on anomalies Windfall • Detailed surface work on 2016 Rouleau identified 2 new areas • Drilling program

Summer 2016 ‐ 95 tills collected (hand and backhoe sampling)

• 25 tills between 50 and 166 Au grains

• 27 tills between 30 and 49 Au grains

• 4 trains are currently defined

• 2 new areas identified

A particular geological context that was little investigated.

OSISKO Very strong till anomalies in historical work: NORTH AMERICAN EXPLO. INC. • Between 30 and 200 gold grains in 30 tills

• Between 10 and 29 gold grains in 80 tills

Ppb Au (HMC) ‐ Till Located in the extensions of large deformation corridors 0 – 9 with certain associated to gold deposits: Monster Lake, 10 – 29 30 – 49 Chevrier and Murgor (NE) and Barry, Lac Windfall and 50 ‐ 99 Barry/Suart (SW) 100 ‐ 250

12 KINTAVAR GRENVILLE PROJECTS

Gouin Reservoir

Val d’or Sigma Lamaque mine

Parent 117

Copper One Boisvert & WHN Poste la Véranderie

117 Atikamekw Manawan community

Ferme neuve Baskatong Reservoir

Mont Laurier

Lac des iles mine Maniwaki community

13 KINTAVAR BOISVERT & WHN PROJECTS

Source: Corriveau and Morin 2000 2017 Proposed program • Heliborne magnetic and electromagnetic 2.87% Cu, 11.7 g/t Ag, 0.26 g/t Au survey (WHN) and 1.05% Cu over 4.0m and 2.79% Cu over 1.6m • IP and soil sampling surveys over the Nasigon, Lac Nasigon NE Hyspana, de la Tour and Forget 2 targets (showing discovered in December 2016) Lac Nasigon 4.4% Cu, 96.3 g/t Ag and 0.3 g/t Au • Surface follow‐up and backhoe trenching over geophysical and geochemical anomalies WHN AREA from spring 2017 and from historical gravity, IP and soil sampling programs. Lac Hyspana • Initial drilling program focusing on the main Lac aux Huards 1.04% Cu 0.50% Cu, 6.7 g/t Ag and 0.08 g/t Au showings and anomalies (end of fall 2017 and winter 2018). Lac Edge Lac Lesueur • Located in the NW portion of the central metasedimentary belt 3.37% Cu, 0.57 g/t Au and 16.2 g/t Ag of the Grenville geological province and 2.43% Cu and 21.7 g/t Ag Watson 0.53% Cu and 16.6 g/t Ag over 8.2m (DDH) • Late mineralizing system (985 Ma) which has been subject to little or no deformation events Ransom BOISVERT AREA 6.5 g/t Au Melançon • Cu‐Ag‐Au ± W, Mo mineralization 4.27 % Cu, 5.10 g/t Au and 11.5 g/t Ag • Alternations and mineralization identified has IOCG type De la Tour Boisvert 0.59% Cu; Forget 2 0.43% Cu, 0.11% Ni characteristics 0.05% Mo 0.77% Cu, 1.14 g/t Ag • Multiple geochemical surveys (lithological, soils, tills) and geophysical surveys (Magnetic/EM, gravity, radiometric) completed in the past but little follow up completed to date • Only one drilling program was completed to date – 1971, Watson showing (15 DH, 386 m) with bottom of holes mineralized Lithologies • Osisko Mining has a 2% and 1% NSR over 39 and 21 claims in Quartz monzonite Monzogranitic orthogneiss the Boisvert area respectively. Gabbro Tonalite, diorite

Paragneiss Paragneiss feldspathique

14 KINTAVAR CONTACT US

Exploration Kintavar Inc. 75 Boul. de Mortagne Kiril Mugerman, President & CEO Boucherville, QC J4B 6Y4 [email protected] Alain Cayer, VP Exploration +1 450 641 5119 [email protected] www.kintavar.com