March 2019

Chita Valley ProjectSan Juan, Argentina

• The content of this March 2019 Chita Valley Project Presentation “the Presentation” is intended to be strictly informational has beenprepared by Minsud Resources Corp. (the “Company”) on the basis of information and sources believed to be reliable. Certaininformation contained herein is obtained from third party sources which we believe are reliable but cannot be guaranteed as to itsaccuracy or completeness. The Company reserves the right, at its sole discretion, to modify all or any part of this Presentationwithout any liability or notification to any person. This Presentation does not constitute, nor should be construed as, an offer orsolicitation of an offer for the purchase of any securities of the Company, nor investment advice or an offering memorandum.Readers should review in conjunction with the Presentation all of the Company's public disclosure available under the Company'sprofile on www.sedar.com including its Filing Statement dated April 27, 2011 and the risk factors contained therein, and the technicalreport on its material properties.

• The Presentation does not take account the investment objectives, financial situation and particular needs of any particular personand is not intended to be considered by any person as general advice to any class of persons. You should not rely on the Presentationto make any decision, and if so, you shall bear the entire risk of such decision. You should also obtain relevant and specificprofessional advice to evaluate and assess the information contained in the Presentation

• The Company makes no representation or warranty, nor assumes any responsibility whatsoever, in respect to the Presentation. In noevent shall the Company, its directors, officers, employees, agents or advisors be liable for any damages of any kind arising out of orrelating to the use of this Presentation, including, but not limited to, any of loss of income or profits, incidental, special, indirect orconsequential or any similar losses or damages, whether or not advised of the possibility of damages, and on any theory of liability,arising out of or in connection with the use of the Presentation.

• “Mr. Howard Coates, Professional Geoscientist, Director of the Company and a geological consultant, is a qualified person as definedby Canadian National Instrument 43-101. Mr. Coates has read and approved the geoscientific contents of this presentation.”

• This Presentation must not be disclosed, copied, published, reproduced or distributed in whole or in part at any time without the priorwritten consent of the Company.

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Disclaimer

•The new government of Argentina

has recently announced measures

taken in favor of the mining sector.

This confirms a renewed intention to

promote the mining industry as

federal policy.

• San Juan Province has a robust

mining sector and recognizes the

important economic benefits of

responsible development of its

substantial mineral resource

endowment.

Mines/Advanced Projects San Juan Province & Chile

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Chita Valley Project – General Observations

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•MSA has consolidated seven properties (Brechas Vacas, Chita, Minas de Pinto, Brechas Vacas Oeste, Chita Norte,

Chita Sur and Chita Este) into the Chita Valley Project. Mineral rights cover some 174 square kilometres of highly

prospective terrain at elevations under 3,700m ASL.

•San Juan Province is the largest producer of precious metals in Argentina, primarily from the prolific El Indio belt.

•The Chita Valley exploration project is primarily an early stage prospect with widespread indications of Cu+/-Mo+/-

Au+/-Ag mineralization associated with a large Miocene age porphyry/diatreme breccia/epithermal vein complex.

The project is a spatially and temporally zoned hydrothermal system that includes an early porphyry style of Cu+Mo

mineralization, followed by components of intermediate and low sulphidation quartz-base metal +/- Au-Ag

mineralization.

•Historically (mid-1960’s to 2008), several core and reverse circulation drilling campaigns have been completed by

previous owners, with a cumulative total of 6,265 m. Little systematic exploration completed.

•The large size of the property package coupled with the complexity of mineralization styles indicates a clear need for

a careful and systematic approach to target definition. Since 2008 Minsud has completed extensive geological and

alteration mapping programs, geochemical, mineralogical and petrographic investigations, geophysical surveys

(magnetic and IP/Resistivity), prospecting, surface rock and channel sampling, and 86 drill holes totalling 14,751 m.

•Minsud’s exploration program represents a balance between systematic multidisciplinary exploration and prudent use

of limited funding in a poor financial market. The Chita South sector, the first area of concentrated drilling, has

reached the major milestone of Indicated Resource Estimation.

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Chita Valley Properties ~ 174 km2

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“The consolidation of

Chita, Brechas Vacas

and Minas de Pinto

properties into the

Chita Valley Project

was instrumental for

the development of

Minsud.”

Chita Valley Project Highlights

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• 174 km2 land position for exploring in a mining friendly province,

San Juan, Argentina.

• All Mineral Resources at a 0.25% Cu cut-off were classified as

Indicated or Inferred category based on the geological interpretation,

semi-variogram performance and drill hole spacing. A major

milestone is that the Company has a large proportion of Indicated

Resources, approximately 80% of the total Mineral Resources.

• Diagnostic and Column tests indicate that the deposit is amenable to

low cost Bioleach SX-EW processing to obtain LME grade cathode

Cu metal.

• Project lies between 2,800 & 3,500 meters (ASL) elevation, is

glacier free.

• 35 km from Bellavista, Dto Iglesia, is all season accessible by 4WD

vehicle.

• All season water supply on the Property;

• Excellent logistic facilities and service from nearby locations;

• A 132 Kv electrical power transmission line is located approximately

20 km east of the Property. A transformer station to 500 Kw is

currently under construction at Bauchazeta Road that is the access

road to the project.

Chita Valley Region, Glacier Potential

(-1oC isotherm)

Chita Valley Project Exploration Strategy

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BACKGROUND

• Minera Sud Argentina (“MSA”) acquired the core properties between 2006 and 2010. Early work funded by

Argentine investors.

• March 2011: Minsud Resources Corp (TSXV) raises C$ 5,500,000 @ C$0.40/share in Brokered Private Placement.

• 2012 to 2018: A series of Non Brokered Private Placements funded by long term “MSA” investors @ C$0.19 to

0.10/share.

RESULTANT EXPLORATION STRATEGY

• 2006-2011: MSA compilation of previous work, geological mapping and surface sampling, 3 drill holes at

Chinchillones area.

• 2011: Minsud completes 16 diamond drill holes totaling 3,360 m in five areas, primarily testing low-sulphidation

veins.

• 2012-2015: Systematic early-stage exploration program; orthophoto base map, surface geology and

alteration mapping, ground magnetics, IP/Resistivity survey and surface channel sampling.

• 2014-2017: Focus shifts to Chita Porphyry and SX-EW Cu potential. Indicated Resources established.

• 2018-??: Test Chita and Chinchillones Porphyries for Primary chalcopyrite-bornite zone.

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Chita Valley Main Targets – Lithology & Structure Map

ChinchillonesChita

Pinto

Chita Valley Main Targets –Alteration & Structure Map

ChinchillonesChita

Pinto

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Chita Porphyry – Geology + Alteration & Drill Holes

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Chita Porphyry : Conceptual Deposit Model

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PSU Resource Area

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2014 – 2017: Chita Porphyry (PSU Cu Resources Area)

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• Due to limited financing Minsud focused on the southern Chita Porphyry (“PSU”) sector as a relatively

easy and inexpensive target to test. Key factors included:

• Known Cu-Mo-Au-Ag mineralization from surface mapping/sampling and a few scattered historical

drill holes.

• The presence surface oxidation and supergene enrichment of Cu presented a relatively inexpensive

to explore shallow and develop conceptual target.

• Current Drilling database for resource estimation consists of 74 core holes and 1 RC hole totalling

11,725.7 m and 150 m, respectively.

• Initial Resource estimate published in April, 2015.

• Latest Resource estimate published in February, 2018.

• Mineral processing test results including bioleaching (“SET”) diagnostic tests and 60 cm bioleaching

column tests indicate good Cu recoveries (~80%).

• Chita Porphyry (PSU+PNO) and Chinchillones (Breccia and porphyry) have untested potential for

increasing enrichment zone Cu resources. Potential primary Cu-Mo-Ag-Au mineralization including classic

chalcopyrite-bornite, chalcopyrite-pyrite zones largely untested in both areas.

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Chita Porphyry : Conceptual Deposit Model

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PSU Resource Area

Untested Area

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Chita South Porphyry –Resource Statement

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In mid-March 2018 Minsud will file a National Instrument 43-101 Technical Report and Mineral Resource

Estimate on the Chita Deposit. The Mineral Resource Estimate considers copper as a primary consideration

along with molybdenum, gold and silver mineralization, all of which is potentially amenable to surface mining.

The latest estimate was published in February 7, 2018. See www.sedar.com

(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially

affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. It is noted that no specific issues have

been identified as yet.

(2)The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define

these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an

Indicated or Measured mineral resource category.

(3) Mineral Resources were estimated utilizing Gemcom software and conventional block modeling within 3D wireframes defined on a 0.30% Cu cut-off,

capped composites and inverse distance grade interpolation.

(4)The mineral resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on

Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM

Council.

Chita Pit Constrained Mineral Resource Estimate Statement(1-4)

All Mineral Resource at 0.25% Cu Cut-off

Tonnes (x 106) Cu % Contained Cu M lb Au g/t Ag g/t Mo %

Indicated 33.02 0.43 310.8 0.07 2.28 0.018

Inferred 8.59 0.40 75.4 0.07 1.73 0.016

DSO Au/Ag Potential :One epithermal prospect, the Condor Vein, shows extensive potential for high grade

Au/Ag including a number very high or “Bonanza-type” assays. The drill hole PSU17-67 with a core length

(unknown true thickness) of 2.25 m averaging 0.55 g/t Au, 762.0 g/t Ag & 4.38% Cu is another untested

prospect of this type.

www.minsud.com

Other Target Areas – Chinchillones Complex

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• The Chinchillones Complex overlaps the Brechas Vacas and Chita Properties and covers an area of

approximately 2 km2. The prospect is markedly similar to the Chita Porphyry comprising three successive stages

as follows:

• An early stage of epizonal porphyritic intermediate to felsic intrusions and associated satellite veins,

intruded into the sediments of the Agua Negra Formation,

• Diatreme breccias as a result of contact of magma with a water table, associated with volcanic and

volcaniclastic eruptions, and

• Culminating with a shallow epithermal late stage

• Current Drilling database for entire area consists of 11 core holes and 4 historic RC holes completed between

1996 and 2011.

• 2012-2015: Systematic early-stage exploration program; surface geology and alteration mapping, ground

magnetics, IP/Resistivity survey and surface channel sampling.

• Ongoing exploration proposal

• Infill IP/Resistivity survey to 200 m line spacing.

• Diamond drilling program.

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Other Target Areas – Chinchillones Complex

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Other Target Areas – Chinchillones Complex

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Other Target Areas – Chinchillones Complex

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Other Target Areas – Low to Intermediate Sulphidation Veins

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• The Chita Valley Project contains numerous veins of intermediate to low sulphidation quartz-base metal +/-

Au-Ag mineralization in various igneous and sedimentary lithologies and breccias. These are found throughout

the Project from Placetas Porphyry – Horsetail Veins area in the west to the eastern boundary of the Minas de

Pinto Sector.

• Previous Work: There are numerous historical surface prospecting, sampling, and rudimentary underground

tunneling sites located throughout the Chita Valley Project area. No records of early work are available to

Minsud. In 2006, Silex Argentina S.A. ("Silex") carried out surface channel sampling and 22 diamond drill holes

(2,631m) in the Pinto area. The exploration program indicated the few veins tested to be persistent, but marginal

in terms of precious metal grade. More recent surface channel sampling by Minsud has located a number of high

grade Au-Ag veins that have not been fully evaluated.

• The Minas de Pinto sector is an easterly trending swarm of discontinuous quartz veins containing variable

concentrations of polymetallic sulphides and localized Au-Ag mineralization traceable for 4.0 km along strike.

The veins cut various lithologies including Devonian-Carboniferous sediments (Agua Negra Formation),

Carboniferous-Permian granodiorite (Colanguil Batholith), and Mid to Upper Tertiary volcaniclastics and

andesitic porphyry (Chita Valley Complex). Several corridors comprising multiple veins and stockworks are

present.

• 2018 Epithermal Vein surface channel sampling in the northwestern part of Chita Porphyry revealed

significant indications of Au-Ag mineralization. One of the better veins in terms of Au and Ag grade and

consistency, Veta Overa, disappears beneath overburden cover.

• Proposed Work: The Company believes that the many veins are inadequately tested at present. However, a

major work program would be required and at present this is not financially feasible.

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Other Target Areas – Minas de Pinto Sector

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Other Targets – Chita Porphyry North Epithermal Veins

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m Au g/t Ag g/t

0.6 2.86 130.0

0.6 3.10 84.8

0.9 2.65 59.1

0.4 3.07 520.0

0.4 1.48 401.0

0.6 3.76 340.0

0.3 1.94 126.0

0.4 2.13 216.0

0.4 1.14 28.5

0.6 0.33 255.0

0.3 1.42 183.0

0.4 1.27 83.6

0.4 0.96 59.5

0.4 2.41 112.0

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NORTH AMERICA | Minsud Resources Corp.340 Richmond Street West

Toronto, Ontario, Canada M5V 1X2+1 (416) 479 4466

SOUTH AMERICA | Minera Sud Argentina S.A.Esmeralda 684 piso 15° - (CP. 1007)Ciudad de Buenos Aires, Argentina+ 54 (11) 4328 4067