Equitas Resources Corporate Presentation

Creating and Enhancing Value Through Exploration & Development

May 2015 FAST TRACK TO GOLD PRODUCTION - MARCH 2016

Fast Track to Production

Disclaimers and Cautionary Statements. The information contained in this presentation is provided by Equitas Resources Corp. (“Equitas”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Equitas or other financial products. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this presentation reflect those of the individual presenters, and are provided for information purposes only. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Equitas nor its directors, officers, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. Except for statements of historical fact, this presentation contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, planned expenditures, proposed exploration and development at it’s projects, anticipated commodity prices, the anticipated timing and conclusions of drilling results, as well as those risk factors identified in Equitas’ Management Discussion & Analysis for the Quarter ended May 31, 2016 and other disclosure documents available at www. sedar.com under Equitas’ name. Equitas undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. This presentation includes industry, market and competitive position data from industry journals and publications, data on websites maintained by private and public entities, including independent industry associations, general publications and other publicly available information. Equitas believes that all of these sources are reliable, but we have not independently verified any of this information and cannot guarantee its accuracy or completeness. Industry publications and surveys generally state that they have obtained information from sources believed to be reliable, but do not guarantee the accuracy and completeness of such information. Further, because certain of these organizations are industry organizations, they may present information in a manner that is more favorable to the industry than would be presented by an independent source. In addition, forecasts are often inaccurate, especially over long periods of time. References in this presentation to research reports or articles should not be construed as depicting the complete findings of the entire referenced report or article. The information in each report or article is not incorporated by reference into this presentation This presentation does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”) (“U.S. Person”), or in any other jurisdiction in which such an offer would be illegal. Equitas’ shares have not been and will not be registered under the Securities Act.

www.equitasresources.com March 2016 2

FORWARD-LOOKING STATEMENT



*Photos may not have come from project/s.

FAST-TRACKED TO GOLD PRODUCTION IN

BRAZIL



THE OPPORTUNITY Flagship Cajueiro project

Currently producing from surface

Fast track production growth “Ready to Go”: 2 phased increases in production over next 9 months

Significant land portfolio (187k Ha), within 10+ license areas

Small scale production licenses for 5 projects

6 prospective gold properties, in central Brazil

Strategic Positioning: “roll up” strategy to consolidate other near term production licenses using in-house cash-flow and equity

Team Synergies and Depth:

Experienced Brazilian operations team

Strong capital markets and management team

Recognized joint technical and development team – complementary skills



Brazil is one of the fastest growing economies in the world, the 7th largest and ranked 3/12 of its regional countries

Cajuiero is in close proximity to the large Alta Floresta town and its airport, water & infrastructure

Operations camp will be based in the Alta Floresta town

Project located within favorable flat landscape

Mining equipment already sourced within 50kms of proposed site



TECHNICAL - BRAZIL



CAJUEIRO PROJECT – FAST-TRACK TARGETS

Crente

Baldo

• Metallurgy testing in process

• In situ grade for Baldo & Crente of

>4g/t

• Plant efficiencies as within 5 km

Area shown on next slide



CAJUEIRO – BALDO & CRENTE ZONES



CAJUEIRO PROJECT – CENTRAL BLOCKS

Sample 33194 / 92.1 g/t Au

Sample 33872 / 6.19 g/t Au

Sample 33222 / 41.17 g/t Au

Marines Target Baldo target

Matrincha target

Area shown on next slide

Crente target



CAJUEIRO – CRENTE SULPHIDE TARGET



CAJUEIRO – BALDO TARGET



CAJUEIRO : RESOURCE + UPSIDE 53,136 ha located 95 km north of the city of Alta

Floresta

Historic placer gold workings produced +250,000 oz Au. Soil sampling has identified 10 gold anomalies of which 5 have been partially drill tested

Only 11,292 metres of diamond drilling have identified independently estimated NI 43-101 compliant resource on parts of 4 of the drill target areas of 0.47Moz @ 0.90 g/t Au (0.3g/t cut-off)

Significant drill results include: 31m @ 2.37 g/t Au 30m @ 1.48 g/t Au 46m @ 1.05 g/t Au 38m @ 1.28 g/t Au 39m @ 1.10 g/t Au

Shows potential to identify higher grade bulk-mineable zones. 50% of anomaly areas still to be drill tested.



GARLAND NICKEL PROJECT in LABRADOR, CANADA 100% owned by Equitas Located near one of the

most prolific discoveries in Canadian history, the Voisey’s Bay nickel mine.

Nickel sulphide deposits are known to occur in clusters, such as the Thompson and Sudbury districts. Voisey’s Bay stands alone so far.

VTEM technique provides exciting new depth slice of exploration information critical to defining quality drill targets



THE GARLAND NEXT STEPS O and P are significant

untested conductors, with a geochemical anomaly of the target metals

Targets in the correct geotectonic framework

Anomaly Q has the size, conductivity and depth to fit with our exploration model

GP15-005 intersected disseminated sulphides, possibly indicative of transport from an underlying chamber. Encouragement for possible economic deposit associated with this mineralization

Follow up exploration program planned: Geophysics to determine the size and nature of the Teck anomaly where GP15-005 was drilled Second pass geophysics on anomaly Q Additional drilling to fully assess remaining targets



CORPORATE STRUCTURE

* Share structure will change on completion of the acquisition of Alta Floresta Gold

$0.05 *As of Feb 29 Mkt cap 4.31M



THE EQUITAS TEAM Kyler Hardy – Chairman, Director

15+ years in the resource sector as an entrepreneur & executive. Experience in operating remote & logistically complex exploration projects & also building early stage businesses.

Chris Harris – President & CEO, Director

29 years in energy, commodity trading & mining finance (E&Y, CIBC, Enron, BHP Billiton, GMI Resources). Multiple principal investments & director roles. Alan Carter - Director

30 years in minerals exploration (Rio Tinto, BHP Billiton, ECI). Founder & CEO Magellan Minerals. Director: Cuprum Resources, Peregrine Diamonds. Everett Makela – VP of Exploration

Over 30 years of exploration experience as a geologist. During a career with Inco/Vale, Mr. Makela held increasing roles of responsibility in settings ranging from grassroots evaluations to near‐mine resource definition. He retired from Vale as Principal Geologist, North America in 2012.



THE EQUITAS ADVISORS Raymond Goldie

Senior Mining Analyst, Economist & VP of Salman Partners. Extensive experience analyzing major mining companies which included the Voisey’s Bay discovery & is a leading industry economist that frequently appears on national television. Gregor Hamilton

17 years mining & metals experience (11 in investment banking & advisory ‐ London, Sydney). Former FD at Cuprum Resources, & mining PE fund. Michael Bennett

29 years exp. (23 in South America). VP Exploration of ECI (2009+). 3 gold discoveries: Brazil - Coringa (1.1Moz), Bolivia - Puquio North (0.5Moz); and the Brazil - Cajueiro (0.47Moz) Jon Coates (from Feb 2016)

30 years in the exploration and mine development resource sector. Advisor board of Ma’aden (Saudi Arabia). Former Chief Geoscientist with BHP Billiton. Experience in copper, gold, tin, iron ore, manganese, coal, uranium, potash and of active mine developments and infrastructure projects.



CONTACT US

Trading Symbols

TSX-V: EQT

FSE: T6UN

OTCMKTS: EQTRF

Equitas Resources Corp.

789 West Pender St., Suite 1450

Vancouver, BC V6C 1H2

T. 1.604.681.1568

F. 1.604.681.8240

Toll-free. 1.877.377.6222

[email protected]

Kyler Hardy Chairman, Director [email protected] m. 1.250.877.1394

Chris Harris President and CEO, Director [email protected] m. +44 7899 66 44 92

Sean A. Kingsley Manager, Corporate Communications [email protected] o. 1.604.681.1568

mailto:[email protected]






NOTES:

March 2016 www.equitasresources.com 19

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Equitas Resources Corporate Presentation

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