Margaret Lake Diamonds Inc. - Corporate Presentation (April 2015) - Defining Drill Targets in the Northwest Territories

April 2015

Defining Drill Targetsin the Northwest Territories

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Disclaimer

Paul Brockington – President & CEO

- Mining engineer, executive, and former mining analyst with over 50 years experience in resources exploration, development, finance, and operation.

Buddy Doyle - Director & VP Exploration

- Geologist with 31 years experience in mineral exploration. Led the team that discovered the Diavik diamond deposits in 1994-95. Former Exploration Manager for Kennecott/Rio Tinto.

Peeyush Varshney, L.L.B. – Director

- Lawyer with over 17 years experience in capital markets. Principal of Varshney Capital Corp. and Director of Mountain Province Diamonds Inc. (TSX : MPV)

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Management

Mark Thompson – Director

- Fund manager and executive with extensive experience in natural resource investment, co-founder of Galena Asset Management Ltd.

Darryl Sittler – Director

- Retired NHL hockey player, board member for several public companies.

Thomas Hasek, P.Eng – Chief Operating Officer

- Geologist with over 40 years experience in mineral exploration. Former president of Brett Resources Inc. (later acquired by Osisko Mining)

Debbie Lew, C.P.A., C.G.A. – Chief Financial Officer

- Certified General Accountant, officer of several public companies.4

Management

Shares Issued:24,053,009

Warrants:4,924,000 @ $0.25 (April 22, 2016)

648,000 @ $0.30 (October 28, 2015)

Options:980,000 @ $0.10

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Share Structure

Area Map

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Margaret Lake Property Info

• Located in the southern Slave Craton, host to two significant diamond mines: Snap Lake and Gahcho Kué (under construction)

• Property is 10km north of De Beers / Mountain Province Diamonds’ Gahcho Kué project

• Winter road to Gahcho Kué crosses the Margaret Lake property

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Margaret Lake Property Option

• MLD has earned a 60% by incurring over $1mm of work expenditures prior to October 13, 2014

• An additional expenditure of $1mm by October 13th, 2015 to increase interest to 70%

• The vendor and owner of the residual 30% interest has the option, but not the obligation, to sell to MLD for $3mm

• No option payments, share consideration, or royalties payable

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Margaret Lake Property Program

• Contracted CGG Canada to fly HeliFALCON® system which incorporates gravity and magnetics

• Over 2,800 line kilometers on 75 meter line-spacings at a nominal 45 meters above terrain

• Completed detailed property-wide bathymetry using Worldview2 high-resolution satellite imagery

• Bathymetry aided in the interpretation of gravity data and target definition a year earlier than conventional bathymetry

• 160 till samples were collected

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Marlin Property Info

• 23 claims covering approximately 25,834 hectares, contiguous to the west of the Margaret Lake property and to the N and W of Kennady Diamonds

• 2 indicator mineral trains & untested airborne anomalies

• MLD can earn a 49% interest with expenditures of $1.75mm over 3 years

• MLD met year one obligation of $500,000

• JV agreement at 30% or 49%

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Marlin Property Map

Gahcho KueDiamond Mine

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Marlin Property Program

• Till sampling completed in August, 126 samples taken, sampling locations determined through re-analysis of Canterra’s proprietary database

• HeliFALCON® survey was extended to fly the original ~10,450 ha Marlin claims, over 1,500 line km flown

• Detailed property-wide bathymetry using Worldview2 high-resolution satellite imagery was completed

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Satellite DTM with Bathymetry

By using Satellite Bathymetry, MLD has saved time and money compared to all previous workers.

Faraday

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2014 Till Sampling Program

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Executive Summary

• Airborne Gravity Gradiometry (AGG) data over 23 targets was inverted

• The recovered models showed a variety of body shapes and density contrasts

• The inversion results can help with further prioritization before drilling

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Preliminary Target Ranking

Priority A Target

Priority B Target

Priority C Target

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Inversion Modelling Ranking

• Prioritized A targets (high to low):• ML006 • ML049• ML009

• Prioritized B targets (high to low):• ML024• ML047• ML051• ML026• ML041• ML014• ML022• ML021

• Non-modelled (to date) magnetic target:• ML025: semi-isolated mag-high flanking dyke, no AGG response

(on land)

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AGG Targeting / Inversion

The targets selected for drilling based on gravity gradiometry inversions

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ML006 – Data Summary

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ML006 – Inversion Results (1/2)

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ML006 – Inversion Results (2/2)

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ML024 – Data Summary

Large amplitude GDD anomaly in lake after bathymetry correction

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ML024 – Inversion Results (1/2)

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ML024 – Inversion Results (2/2)

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Kennady Ground Gravity Survey

For more information:

Paul Brockington, President & CEOT: (604) 630-2810

[email protected]

#2050 – 1055 West Georgia StreetPO Box 11121, Royal Centre

Vancouver, B.C., V6E 3P3

www.margaretlakediamonds.ca