Silver Range Resources Ltd. Corporate Presentation January 2015 Silver Range Resources Ltd. Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's Annual Report which is available at www.sedar.com. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The Keg Deposit NI 43-101 disclaimer At a 16 g/t silver cut-off, the Keg inferred resource is 39.76 million tonnes grading 30.25 g/t silver, 0.26% lead, 0.77% zinc and 0.15% copper. For further details see technical report entitled “Geology, Mineralization, Geochemical Surveys, Diamond Drilling, Metallurgical Testing and Mineral Resources at the Keg Property” dated December 19, 2012 and amended May 27, 2013 and filed on SEDAR. The Mel Main Zone Deposit NI 43-101 disclaimer The Mel Main Zone hosts an inferred resource of 5.38 million tonnes grading 6.45% zinc, 1.85% lead and 44.79% barite (BaSO4), at a cut-off grade of 5.0% zinc-equivalent. Zinc-equivalence was calculated using metal prices of US$0.89/lb zinc and US$0.96/lb lead and assuming 90.3% zinc recovery and 97.7% lead recovery. Further details of the estimation procedure are available in a NI 43-101 report authored by Giroux Consultants Ltd. and H. Leo King. P. Geo., dated November 12, 2014 and filed on SEDAR. All technical information contained in this presentation pertaining to the Silver Range Project has been approved by Matthew Dumala, P.Eng., a geological consultant to Silver Range Resources and qualified person for the purposes of NI 43-101. 2 TSX.V-SNG Management and Directors Doug Eaton, B.A., B.Sc. President, CEO and Director Active in Yukon mineral exploration for over 40 years. Partner of Archer, Cathro & Associates since 1981. Recipient of the H.H. “Spud” Huestis award in 2012. Bruce Youngman, B.Sc. Chairman and Director Former President of Canplats Resources, acquired by Goldcorp for $300 million in 2010. Former President and VP of Northern Dynasty Minerals. Ian Talbot, B.Sc., LLB. COO Geologist and lawyer. Practiced exclusively in mining and securities law. Former in-house counsel with BHP Billiton World Exploration Inc. Larry Donaldson, C.A. CFO Chartered Accountant. Extensive experience in public company audits, and in accounting and tax planning for mineral exploration companies. Glenn Yeadon, B.Comm. LLB. Secretary and Director Barrister and solicitor practicing primarily in the field of securities law. Partner or associate with Tupper Jonsson & Yeadon since 1983. Richard Drechsler, B.Sc. VP, Communications Investor relations manager; First Nations and community liaison. Worked in the mining/mineral exploration industry since 2005. Independent Directors: Tom Beaudoin, B.Sc. Land Claims negotiator and consultant to several First Nations. Extensive northern development and resource management experience. Douglas Goss, B.Comm., LLB. Barrister and solicitor practicing primarily in the fields of corporate and securities law. Chair of the University of Alberta’s Board of Governors. Bruce Kenway, C.A. Chartered Accountant and founder of Kenway Mack Slusarchuk Stewart LLP, providing wide range of audit, accounting and tax services. Barry Heck, LLB. President of EL Merchant Capital, a private merchant capital, corporate finance and mergers and acquisitions firm. Vice-Chairman of Alberta Enterprise Corp. 3 TSX.V-SNG Project Management Project Management Project management is provided by Archer, Cathro & Associates (1981) Limited, a private geological engineering and exploration firm and pre-eminent Yukon exploration consulting firm since 1965. Yukon discoveries and/or deposits made or advanced by Archer Cathro and management: Casino – Western Copper Osiris – ATAC Resources Wellgreen – Prophecy Platinum Klaza – Rockhaven Resources Wolverine – Yukon Zinc Tiger – ATAC Resources Carmacks Copper– Copper North Marg – Redtail Metals Division Mountain – Pitchblack Golden Revenue – Northern Freegold Blende – Blind Creek Resources Ice – Yukon Zinc Archer Cathro has designed and implemented programs on behalf of companies that have received four Leckie Awards for Excellent Environmental Stewardship. 4 TSX.V-SNG Capital Structure SILVER RANGE RESOURCES LTD. TSX-V:SNG SHARES OUTSTANDING: 47,401,707 FULLY DILUTED: 51,751,707 WORKING CAPITAL1: $2.5 million MARKET CAPITALIZATION: $3.8 million $0.20 Significant Holders STRATEGIC METALS LTD. 19.9% SILVER RANGE MANAGEMENT2 24.8% TOCQUEVILLE ASSET 7.3% 1 2 $0.15-$1.31 $0.10 $0.05 Options/Warrants OPTIONS $0.15 4,350,000 Estimate as of Jan. 12, 2014. Includes consultants and key employees on a fully diluted basis. 5 $0.00 TSX.V-SNG Yukon Projects with Excellent Infrastructure • All Silver Range properties are located near all-season highways • The Silver Range/Keg project is located 10 - 60 km from the Faro town-site, heavy duty haulage road and high capacity power lines • The Mel project is located 40 km north of the Alaska Highway • The Mint project is located 25 km west of the Alaska Highway. • The Barb project is located 150 km north of the town of Watson Lake and 40 km east of the Wolverine Mine 6 TSX.V-SNG Silver Range Project Faro Mine-site Skagway deep water port 7 TSX.V-SNG Silver Range Project Local Infrastructure • Faro District is the former site of largest open-pit lead-zinc-silver mining operation in Canada; mine closure in 1997 • Region still has excellent but under-utilized infrastructure • Claims are located 10 to 60 km from town-site, heavy duty haulage road and high capacity power lines 9 TSX.V-SNG Silver Range Project Multiple Mineralized Zones & Anomalies • The Silver Range project is a developing silver district centered on the 39.76 million tonne Keg deposit* see page 2 • Twenty-five additional silverbearing zones and thirteen discrete soil geochemical anomalies have been identified in a geological setting with strong parallels to the Bolivian tin belt - a premier address for global silver deposits 9 TSX.V-SNG Keg Deposit Mineral Resource & Grid Drilling • Keg Main Zone extended to 1,100 m strike length and 350 m depth • Maiden resource estimate: •38.7 million ounces silver •675 million pounds zinc •228 million pounds lead •131 million pounds copper* • Open to west-northwest, with drill hole Keg-66 returning 51.86 g/t silver together with significant lead-zinc-copper-tin-indium over 30 m *For the Keg Deposit NI 43-101 mineral resource technical disclosure, please see page 2 of this presentation 10 TSX.V-SNG Silver Range Project Hammer Zone Located 12 km from Faro open-pit site over gentle terrain 11 TSX.V-SNG Silver Range Project Hammer Zone • Bonanza grade epithermal system discovered by Silver Range regional sampling program • Broadly spaced drilling traced 3 subparallel veins for up to 600 m strike length and 280 m vertical range • Drill results to 4,620 g/t silver over 0.53 m • Weighted average of 16 individual vein drill intercepts is 807 g/t silver over 0.66 m • All veins open for extension along strike and to depth 12 TSX.V-SNG Mel Project • The Mel property is located 40 km north of the Alaska Highway in southeast Yukon, 510 km by road from Fort Nelson (railhead) and 670 km from Skagway (tidewater port) • Four zinc-lead-barite stratabound zones were last explored in the early 1990’s • The Mel Main Zone hosts an inferred resource of 5.38 million tonnes grading 6.45% zinc, 1.85% lead and 44.79% barite* *see page 2 for NI 43-101 disclaimer 13 TSX.V-SNG Mel Project Mel Main Zone - Long Section • Preliminary metallurgical tests responded well to flotation and yielded concentrates from 60.9% to 64.7% zinc 78.0 to 79.6% lead and 90.3 to 94.4% barite with recoveries of 90.3 to 96.2% for zinc, 97.7 to 98.0 for lead and 88 to 90.9% for barite • A later, larger-scale test was done for barite concentrate market evaluation. Concentrate grading 95.1% barite with a recovery of 92.6% was produced from feed grading 53.5% barite 14 TSX.V-SNG Barb Project • VMS style target located 40 km east of the producing Wolverine silverzinc-copper-lead-gold mine • Historical drilling, geochemical and geophysical work included the preparation of a mineral resource from 1977 by Sovereign Metals Corporation (Ikona, C) of 533,434 tonnes grading 102.86 g/t silver, 6.1% lead and 4.6% zinc* • Latest exploration took place in 1998 and several high priority geophysical targets have been identified for future drilling *This inferred resource was calculated using a polygonal model. The reader is cautioned that this is a historical resource estimate and should not be relied upon. Sufficient work has not yet been completed by Silver Range to categorize this as a current resource; however, data collected by previous operators is considered to be reliable and consistent with industry standards at the time. 15 TSX.V-SNG Mint Project • Property located 25 km west of the Alaska Highway. • A core of anomalous gold in soil values (100 to 3,400 ppb) coincides with a potassium high defined by a helicopterborne multispectral radiometric survey. • Initial drilling returned values of 0.204 g/t gold over 331.74 m (entire length of hole) including 0.556 g/t gold over 53.0 m near the bottom of the hole. • Additional drilling is required to evaluate this large target. 16 TSX.V-SNG Mint Project IP Chargeability 17 TSX.V-SNG Summary Silver Range is advancing four highly prospective projects in mining friendly Yukon Silver Range Project Located in an area of exceptional infrastructure near Faro, southern Yukon The Keg Deposit initial inferred NI 43-101 mineral resource contains 38.7 million ounces of silver, 675 million pounds of zinc, 288 million pounds of lead, and 131 million pounds of copper* and remains open for further expansion Excellent recoveries with conventional flotation Multiple exploration opportunities throughout the 1,000 km² project New Yukon Acquisition The Mel Main Zone hosts an inferred NI 43-101 mineral resource of 5.38 million tonnes grading 6.45% zinc, 1.85% lead and 44.79% barite (BaSO4), at a cut-off grade of 5.0% zinc-equivalent with highly favourable metallurgical characteristics and exploration potential from previously drilled zones Market Valuation Silver Range is currently valued at $0.03 per in-situ ounce of silver at the Keg Deposit (net of $2.5 million cash) 18 *For the Keg and Mel Deposit NI 43-101 mineral resource technical disclosure, please see page 2 of this presentation TSX.V-SNG Contact Information Silver Range Resources Ltd. 1016-510 West Hastings Street Vancouver, BC, V6B 1L8 Phone: 604-687-2522 Toll Free: 1-888-688-2522 E-mail: [email protected] Web: www.silverrangeresources.com Investor Relations: Richard Drechsler Phone: 604-687-2522 Toll Free: 1-888-688-2522 E-mail: [email protected] 19 TSX.V-SNG
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