Delivering on the Scandium Promise · Cautionary Notes Forward-looking Statements This presentation contains certain statements that may be deemed "forward-looking statements". All

Delivering on the Scandium Promise

March, 2018Website Investor Deck

TSX: SCY | www.ScandiumMining.com

Cautionary Notes

Forward-looking Statements

This presentation contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that addressfuture production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “objective”, “targeting”, targeted”, “to follow”, “intends”,“anticipation”, “potential”, “plan”, “expect” and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from theinterpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of whatmight be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors thatcould cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capitaland financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results ordevelopments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of theCompany's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management'sbeliefs, estimates or opinions, or other factors, should change.

Definitive Feasibility Study (“DFS”)

The DFS was issued on May 4, 2016, is available on SEDAR at www.SEDAR.com and is entitled Feasibility Study - Nyngan Scandium Project, NSW, Australia. The DFS was authored byLycopodium, of Brisbane, QLD, Australia along with contributions from a number of independent technical groups as to functional specialty. The DFS was done to a +15%/-5% standard ofaccuracy, is based on a measured and indicated resource, and established a reserve on a portion of the resource, all compliant with NI 43-101 resource reporting.

Resource Estimate

This document uses the term “resources”, “measured resources” and “indicated resources”. United States investors are advised that, while such terms are recognized and required byCanadian securities laws, the United States Securities and Exchange Commission (the “SEC”) does not recognize them. Under United States standards, mineralization may not be classifiedas a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made.United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. Disclosure of “contained kilograms” ispermitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report “resources” as in place tonnage and grade without reference to unit measures.Accordingly, information concerning descriptions of mineralization and resources contained in this release may not be comparable to information made public by United States companiessubject to the reporting and disclosure requirements of the SEC. National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) is a rule developed by the CanadianSecurities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. All resource estimatescontained in this circular have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System.

Qualified PersonMr. Willem Duyvesteyn, MSc, AIME, CIM, a Director of Scandium International and a "qualified person“ within the definition of that term in NI 43-101, has approved thetechnical information contained in this news release.

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• Nyngan Scandium Project in NSW, Australia (100% owned).

• Definitive Feasibility Study Completed 1 (May 2016).

– Financial Results - 33% IRR, $225M NPV (8%i), CapEx US$87M,

– Nameplate Production – 38,500 kg/year (scandium oxide).

• Surface mineable resource, excellent infrastructure & jurisdiction.

• Timetable and milestones to production 2.

– All major development permits received now,

– EPCM contract in place for construction,

– Offtake/LOI discussions underway, first offtake in place

• Marketing- Status

– Advanced work on Al-Sc alloy samples design and production underway,

– LOI’s evidence interest from knowledgeable industry alloy users,

– Master alloy product capability (Al-Sc 2%) demonstrated.

Objective: World’s First Primary Scandium Producer - in 2019

SCY-Developing Scandium Resources

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1. DFS filed on SEDAR, economics calculated using 155 ppm Sc cut-off grade, US$2,000/kg Sc price and A$1:US$0.70 exchange rate. . 2. Subject to financing. See Cautionary Notes.

Corporate Structure

Capitalization

Outstanding shares (I/O and F/D) 292 million / 315 million

Insider/management ownership 45%

Cash (Q4 2017 financials) US$0.3 million

Debt on balance sheet none

Stock Information TSX: SCY

Current price (March 1st) C$0.18

Current market cap (I/O) C$53 million

52 week high / low C$0.48 / $0.14

Average 65 day trading volume 469,000 s/d

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Share Structure and Stock Information as at March 1, 2018

February 2013 - SCY Recovered 100% Control of Nyngan Project

June 2014 - SCY Sold Rights for 20% of Nyngan to SIL, retained 80% ownership

✓ Initiated NI 43-101 project economics and test work

October 2014 - SCY Filed First Economic Report on Project

✓ PEA filed on SEDAR, 40% IRR✓ HPAL design, M&I resource, $2M in test work support

May 2016 – SCY Filed Definitive Feasibility Study

✓ Lycopodium/others completed a +15%/-5% DFS,✓ HPAL design, expanded M&I resource, $3M test work support,

June 2016 – SCY Filed EIS and MLA with NSW Government ✓ Development Consent (environmental) awarded Nov 2016✓ Mining Lease Grant awarded May 2017

Project History and Milestones

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Project History-Timetable

35 Month timeframe from initiation of HPAL design/economics to Mine Lease Grant.

Nyngan Scandium Project

• NI 43-101 Measured & Indicated resource 1.

– Measured: 5.7Mt @ 256 ppm Sc/t.

– Indicated: 11.2Mt @ 225 ppm Sc/t.

• Excellent location – 500km west of Sydney.– 7,000 acre EL – 800 acres surface ownership,

– Australia is mining-friendly, politically stable,

– Good local infrastructure (water/power/staff),

– Easy access, 5km from all-weather sealed road,

– Shallow, flat, surface-mineable resource.

Primary Scandium Deposit with Expansion Potential

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• Significant upside potential.– DFS outlines 20 year mine life using less than 10% of M&I resources.

– Potential to expand mine output, extend mine life, or both.

1. Resource estimate completed by Mining One, effective date using a 100 ppm Sc cut-off grade, as described in the NI 43-101 technical report with an effective date of April 15, 2016. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. See Cautionary Notes –Resource Estimate.

Who Makes Scandium Today?

• Scandium’s benefits are known and understood, but global supply is restricted to a fraction of latent demand.

– Sellers make scandium oxide as a byproduct from other mineral processing operations, or waste stockpiles ,

– Byproduct sources tend to be small volumes, buyer-sponsored,

– Limited supply effectively restricts wide-scale adoption, and

– Virtually all sources are located in Russia and China.

• Scandium markets are waiting for reliable supply volumes, from transparent sources, and at viable pricing levels.

Scandium Has Been Supply Constrained for Decades

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New South Wales, Australia hosts a game-changing discovery of high-grade laterite primary scandium resources for development.

What is the Value Proposition for Sc?

• Scandium improves aluminum alloys.

– Refines grain structure (strength), while preserving desired material properties,

– Better properties make better alloy for:• Transportation uses (weight savings),• Marine applications (corrosion),• Thin wall extrusions (flow rates), • Improved anodization results (finish)• Lower cost structures (weldability).

• Scandium is a superior heat stabilizerin solid oxide fuel cells (SOFCs).

• Scandium has current uses in lighting, lasers and chemical catalyst applications.

• Scandium has future uses 3D printing, electronics, and battery applications.

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Scandium-Enhanced Aluminum Alloys are Superior Performers

Multiple Market Opportunities – Now And In Future

Scandium Market Overview

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Sporting GoodsBicycles

Aircraft

Current Applications

Motorcycles E-Bikes

Parts, Seats,Substitution Re-design

Expanded Applications

Tomorrow’s Applications

SOFC’s Big Growth

Lighting

Automotive

Marine

Fast Trains

Electronics/Closures

ScandiumMarkets/

Applications

Supply Chain-Mine to End User

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Scandium’s Path To The End-use Customer

MasterAlloy

Alum. Alloy

Fabricator

Part

Mfgr.Consumer

Product

End-UseCustomer

ScandiumOxide

Mining Aluminum Alloy Manufacture Product Manufacture

PrimaryAluminum

Al Alloy, as Ingot, Billet, or Slab Cast, Sheet, Foil, & Extrusion Example: Radiator Truck Manufacturer

DRIVERDRIVER

Alloy Property Drivers For Aircraft Design & Use

Aircraft Applications

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Stress CorrosionCracking (fatigue)

Alloy Property

Lower down-times, Improved service life-cycle

Offers design options,Lowers costs, safety

Cost Implication

Lowers maintenance cost

Heat WorkingResistance

Desirable but notRequired.

Desirable, offers big cost potential w/ redesign

ScandiumUse in

Aircraft(Al-Sc alloy)

Corrosion Resistance

Galvanic Response

Ductility

Weldability

Appearance,Finish

CRITICAL REQUIREMENT

Limited value

Scandium Performance Advantage

Better skin/structural performance, andweight savings from less over-build.

Longer inspection Intervals, lower maintenance cost.

Allows wider materials mix.Greater flexibility in design & materials selection.

Safety, weight savingsfrom less over-build.

Allows more complexShape forming, can offer safetybenefits in various applications.

Significant possible weight savings and lower assembly costs.

Possible weight savings from less finish/paint requirements.

Alloy Property Drivers For Automotive Design & Use

Automotive Applications

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Ductility

Alloy Property

Better life-cycle on parts, improved safety performance

Offers lower cost design options, lower assembly costs.

Cost Implication

Heat WorkingTolerance

CRITICAL for performance in certain drivetrain parts

ScandiumUse in

Automotive(AlMgSc alloy)

Corrosion Resistance

Galvanic Response

Weldability

Appearance,Finish

Promotes lower cost formingtechniques on complex shapes

Scandium Performance Advantage

Better wheels and suspension parts, Excellent energy absorption (safety).

Lower failure rates in harsh environments. Lower maintenance,CRITICAL in certain parts/applications.

Lower cost due to flexibility in design & materials selection.

A 5 Series with scandium has lowest galvanic response of any aluminum alloy

Non-heat treat 5 series w/ scandiumdelivers highest heat work toleranceof any aluminum alloy.

Product appeal, lowercost to finish w/ better results.

Offers field-serviceable welding repair,and potentially stronger structures.

Improved finish on visible partsIs a highly valued property.

Automotive Applications

ABSParts

Deep-Draw Forms

FIParts

FrontSuspension Wheels

BrakeParts

RearSuspension

TrimComponents

ImpactBoxes

ImpactBarriers

EV SkidPlates

Numerous Sc Property-Driven Parts Improvements to Consider

HeatExchangers

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Value Proposition Specific to Application

• Aircraft designers are driven by lightweighting opportunities, both in design and material application.

– Scandium can have big positive impact on both of these drivers,

– A 1kg weight loss supports a US$100-$200 investment (variables apply),

– AlMgSc alloy payback is < 1 year based on this benchmark.

• Automotive designers are driven by cost, safety, and volumes.

– Material design limits point to where scandium alloys can be introduced,

– Mixture of strength, manufacturing flexibility, and other properties,

– Tough duty parts, safety parts, high failure costs; performance dominates cost.

• Structural/architectural designers focus on finish, durability, and availability.

– Sc delivers strength to alloys already selected for their finish characteristics.

Scandium-enhanced alloys will be the designer’s choice-based on a combo

of best properties, strength, and overall build cost.

Demanding applications will be early adopters

Scandium-enhanced alloys bring a combination of superior properties, strength and total build cost advantage that isn’t available today.

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• Experienced team.

• Published DFS1,, finance-grade.

• Single product focus, simple mine.

• Flow sheet defined & fully tested.

• Capital cost <US$100M.

• Australia is mining/customer friendly.

• NSW lateritic belt – game changer.

• Near term to production - 20192 start.

• Big resource - clear expansion potential1

• First offtake agreement signed.

Near-term production first to market

Why Scandium International?

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1. DFS economics calculated using 155 ppm Sc cut-off grade, US$2,000/kg Sc price and A$1:US$0.70 exchange rate. 2. Subject to financing. See Progress Summary and Funding Needs and Cautionary Notes.

Corporate Office1430 Greg Street, Suite 501Sparks, NevadaUSA 89431Phone: 775-355-9500

ContactsEdward Dickinson (CFO) [email protected] Putnam (CEO)[email protected]

www.ScandiumMining.com

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Contact Information

It’s not how light you make it……it’s how you make it light.