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FAR RESOURCES WINSTON GOLD AND SILVER PROJECT
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WINSTON GOLD AND SILVER PROJECT - Far Resources

Dec 07, 2021

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Page 1: WINSTON GOLD AND SILVER PROJECT - Far Resources

FAR RESOURCES WINSTON GOLD AND SILVER PROJECT

Page 2: WINSTON GOLD AND SILVER PROJECT - Far Resources

SAFE HARBOUR STATEMENT Information set forth in this presentation involves forward-looking statements, including but not limited to comments regarding timeline, proposed transactions, predictions and projections. This presentation may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require FAR Resources to make assumptions and are subject to inherent risks and uncertainties. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following involve risks and uncertainties associated with FAR Resources' business including: the uncertainties related to the COVID-19 pandemic; the need for additional financing; the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource; operational risks associate with mineral exploration; capital expenditures; operating costs; mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to FAR Resources's future successes with its business and the economic environment in which the business operates; fluctuations in commodity prices; title matters. Readers of this presentations are cautioned not to place undue reliance on FAR Resources' forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in FAR Resources' most recent annual financial statements and management's discussion and analysis (MD&A) and FAR Resources' continuous disclosure docu- ments that can be found on SEDAR at www.sedar.com. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securi- ties laws. Investors are cautioned against attributing undue certainty to forward-looking statements. The qualified persons have not verified the historical analytical data and procedures of previous operators related to drill hole intercepts from any of the projects identified in this presentation. There are no current resource estimates in respect of any of the projects identified in this presentation. No assurances can be made that exploration targets on any of the projects identified in this presentation will be developed into resources or reserves.

Page 3: WINSTON GOLD AND SILVER PROJECT - Far Resources

FORWARD FOCUS

The Winston Group of Properties includes historic gold and silver mines located in Sierra County, New Mexico, USA FAR Resources strategy is to advance our currently held projects which include The Little Granite, Ivanhoe, and Emporia Mines, to create shareholder value in today’s burgeoning precious metal markets

FAR Resources adds value to our acquisitions through computerization, modeling of historic exploration data, new exploration, and application of modern geophysical techniques

Page 4: WINSTON GOLD AND SILVER PROJECT - Far Resources

FAR RESOURCES MANAGEMENT TEAM LINDSAY BOTTOMER P.GEO GEOSCIENTIFIC ADVISOR Lindsay has over 45 years of experience in international exploration and development, most recently focused on epithermal gold and porphyry copper-gold exploration in the American Cordillera and Central Asia. He and company founder Keith Anderson conducted the initial site visit and recognized the potential for high grade epithermal silver-gold mineralization in the historic mining camp which has been dormant since the early 1980s.

JOHN GAMMACK PRESIDENT & CEO

John Gammack is a long-term supporter of FAR, and brings extensive experience working with both public and private companies, including oil and gas, mining and technology. He has been involved in securing over $300 million dollars in financings over the last thirty years.

ROBERT G. DINNING CFO

Mr. Dinning is a Chartered Accountant and Chartered Professional Accountant. Mr. Dinning has been self-employed providing consulting services in financial and business services in the natural resource industry, including to mining and oil and gas industry companies listed on public stock exchanges. He has also served as officer and director of various mining/oil exploration companies.

MICHAEL FEINSTEIN CPG, PhD, QP

Operations Manager and Geologist at Minero Explorations for over 14 years. He’s a geological scientist and consultant with global experience coordinating, leading and supporting high-value geological exploration and evaluating initiatives. Dr. Feinstein’s experience includes conducting mapping and petrophysical analysis of precious metals and minerals.

MARK FEDIKOW P. GEO, PHD

Dr. Fedikow has over 40 years of experience as an exploration geochemist and mineral deposits geologist working in both private and public sectors. He is a Fellow at the Association of Applied Geochemists, where he’s previously worked as a councilor. Dr. Fedikow has also served on numerous industry related committees.

Page 5: WINSTON GOLD AND SILVER PROJECT - Far Resources

WHY INVEST?

Strong management team focused on discovery of gold and silver resources in New Mexico, USA

The company recently expanded its land position from 415 acres to 2980 acres and increased its claims from 50 to 149 total claims

Pre-planned aggressive $400,000 Phase 1 diamond drill program

Current patent held drill ready holes with historical high-grade gold and silver intercepts

High-Grade samples as of February 2021 including a newly staked claims of 41.5 g/t Gold and 4610.0 g/t Silver and another group of sample from the Winston Group of Properties included 66.5 g/t Gold and 2940 g/t Silver

Page 6: WINSTON GOLD AND SILVER PROJECT - Far Resources

UNLOCKING IMMEDIATE SHAREHOLDER VALUE

Apply modern, cost-effective exploration technology and analysis to delineate assets

Test the identified, historically prolific veins below the water table to prove depth of ore bodies

Confirm and expand gold and silver resources

Quantify resource estimates to NI-43-101 Standards

Page 7: WINSTON GOLD AND SILVER PROJECT - Far Resources

WHY GOLD?

Page 8: WINSTON GOLD AND SILVER PROJECT - Far Resources

WHY GOLD?

Page 9: WINSTON GOLD AND SILVER PROJECT - Far Resources

WHY SILVER

Silver is real asset and currency that generally keeps its value through fiat currency devaluation cycles. Through the COVID-19 pandemic silver has certainly proven its value as a safe haven asset in portfolios, rising 47.89% in 2020

Silver’s demand is expected to continue to grow, but analyst have said that supply is also reaching its limit as there has not been any significant new mine development in years. They add, that if this trend continues, supply will struggle to keep up with demand.

Silver offers higher returns than gold — Because the white metal is worth around 1/63rd the price of gold, buying silver bullion is affordable and stands to see a much bigger percentage gain if the silver price goes up.

Silver has a pivotal role as an industrial metal in green energy technologies and is a critical player in:

• The automotive sector and electric vehicles (EV), including the associated infrastructure; • The solar energy industry; and • 5G (fifth generation technology) broadband cellular networks.

All three of these verticals are targeted by President Biden's Plan For a Clean Energy Revolution and Environmental Justice.

Page 10: WINSTON GOLD AND SILVER PROJECT - Far Resources

WHY SILVER? Silver is in a new bull market. Based on the long term charts which show silver’s dominant patterns expect this new bull market to continue for some 8 years. That’s the same time the bear market took to complete.

InvestingHaven’s research team is the first one to publish a new rising channel on silver’s price chart. It is the core of their silver predictions for 2021. This goes to the core of forecasting: seeing what others cannot see. Based on the leading indicators and more importantly the chart setup they see the following silver price we see silver get bullish again at the start of 2021, around summer time or the end is something that nobody can really forecast. That’s why you need to track the week-by-week, and month-by-month

Page 11: WINSTON GOLD AND SILVER PROJECT - Far Resources

THE WINSTON PROJECT

Emporia and Ivanhoe - USD$135MM exploration target of up to 350,000 Tonnes of Gold and Silver mineralization

Little Granite - $100m (USD) exploration target of up to 300,000 Tonnes of Gold and Silver mineralization

Page 12: WINSTON GOLD AND SILVER PROJECT - Far Resources

THE WINSTON PROJECT

The Winston Project is comprised of the Little Granite, Ivanhoe, and Emporia claims. The claims are situated in the heart of the historically prolific Black Range (Chloride-Grafton) Mining District, 30 miles North-West from Truth of Consequences, New Mexico, US. The Chloride-Grafton district was a major gold-silver mining camp first discovered in 1880 and produced tons of silver before abandoment in 1893 due to a historic crash in silver prices. Mining was done by hand and focused on ultra high-grade vein Gold, Silver, and base metals (Cu, Pb) mining. The Emporia, Ivanhoe and Little Granite claims produced from shallow near surface veins. The basement limestone formation depth hosting the mineral deposits is yet untested and presents a compelling, low-risk, opportunity for value creation

Page 13: WINSTON GOLD AND SILVER PROJECT - Far Resources

THE WINSTON PROJECT TECHNICAL SUMMARY The Winston Property is a gold and silver exploration property which has been recently expanded from 415 acres to 2980 acres covering the Chloride Mining District of Sierra County, New Mexico, U.S.A. The project comprises two proximal but non- contiguous blocks; the Little Granite unpatented Claims and the Ivanhoe- Emporia Patented Claims. The western most corner boundary of the Ivanhoe- Emporia block is 891 metres east of the Little Granite Claims’ eastern boundary. The project area in the is underlain by shallow dipping tertiary volcanics on the western edge of the Winston Graben that is dissected by high-angle normal faulting along predominantly North-south trends that cut older strike-slip faults and host the epithermal vein deposits of the district. The Chloride mining district defined by open-space, epithermal fissure- filling quartz-calcite veins with sulphide and native-metal mineralisation occurring in distinct, structurally controlled shoots. They are hosted predominantly in the Rubio Peak Formation.

Page 14: WINSTON GOLD AND SILVER PROJECT - Far Resources

2021 Winston Property Sampling and Exploration Results Initial exploration results produced the following set of samples from Ivanhoe, Emporia and Little Granite Mines. These samples were collected by Dr. Michael Feinstein, QP, during the course of three visits to the project between October and December 2020. The samples were released in February 2021

Page 15: WINSTON GOLD AND SILVER PROJECT - Far Resources

2021 Winston Property Sampling and Exploration Results The results confirm that earlier reports of high grade silver and gold values from historic workings have legitimacy, and justify a major exploration program using modern methods to define the nature and size of mineralisation.

Page 16: WINSTON GOLD AND SILVER PROJECT - Far Resources

2021 Winston Property Sampling and Exploration Results Far Resources confirms high-grade sampling on newly staked claims including 41.5 g/t Gold and 4610 g/t Silver Before now, no modern exploration efforts have systemically assessed the northern portion of the Chloride District. The ultimate goal of a 2021 program is drill testing of multiple targets on the property. The initial focus will likely be on the patented claims covering the historic Ivanhoe and Emporia mine sites. Preparatory work includes data compilation both of historic and recent work, along with acquisition of high-resolution LiDAR satellite imagery to allow construction of an accurate terrane model. This will likely be followed by geophysical surveying using both electrical and magnetic methods. The results of these surveys, when combined with field geological observations will guide location of the initial drill targets.

Page 17: WINSTON GOLD AND SILVER PROJECT - Far Resources

2021 Winston Property Sampling and Exploration Results 113 Samples Total • 20 ore characterization • 22 measured width • 72 prospecting grab

Highlights of Measured width sampling include: • 3.35 g/t Au with 245 g/t Ag from a 0.3m channel sample inside the Little Granite Decline. • 1.97 g/t Au with 232 g/t Ag from a 0.3m channel sample across JAP vein at LG mine. • 29.2 g/t Au with 462 g/t Ag from a 0.6m continuous chip sample in north zone. • 3.2 g/t Au with 34 g/t Ag from a 1.0m continuous chip sample in north zone. • 0.75 g/t Au with 489 g/t Ag from a 0.3m continuous chip sample in north zone.

Prospecting Grab Sample highlights include:

Page 18: WINSTON GOLD AND SILVER PROJECT - Far Resources

WHY LITTLE GRANITE? Analysis of historical work concluded that there is a compelling, low-risk opportunity to quickly confirm historical diamond drilling results and resource estimates to NI-43-101 metrics Historical production was primarily performed by hand and did not explore or delineate the proven high-grade Gold-Silver ore bodies below the water table. The highest-grade gold values from the 1984 diamond drill program were hit in LG-7 between 134m and 139m deep

LG-6 (65.6M BOREHOLE) HIT 3.6M @ 1.814 G/T GOLD / 92.13 G/T S ILVER

LG-4 (100.6M BOREHOLE) HIT 3.5M @ 2.012 G/T GOLD / 62.65 G/T SILVER

LG-3 (59.5M BOREHOLE) HIT 2.7M @ 4.819 G/T GOLD / 148.2 G/T SILVER

LG-7 (145.7M BOREHOLE) HIT 2.8M @ 32.88 G/T GOLD / 1.672 G/T SILVER

LG-2 (71.6M BOREHOLE) HIT 3.1M @ 5.329 G/T GOLD / 403.4 G/T SILVER

LG-1 (50M BOREHOLE) HIT 2.9M @ 16.69 G/T GOLD / 2080 G/T SILVER

LG-5 (47.3M BOREHOLE) HIT 1.8M @ 3.657 G/T GOLD / 307.3 G/T SILVER

Page 19: WINSTON GOLD AND SILVER PROJECT - Far Resources

WHY LITTLE GRANITE?

AU G/T AG G/T

S 72° W -78° 157.0 FT 172.0 FT 16.69 2080 15.00 FT (4.6 M)

9.64 FT (2.9 M)

164.0 FT (50.0 M)

LG-2 0 -90° 216.0 FT 232.0 FT 5.329 403.4 16.00 FT (4.9 M)

10.28 FT (3.1 M)

235.0 FT (71.6 M)

LG-3 N 86° W -80° 193.5 FT 207.5 FT 4.819 148.2 14.00 FT (4.3 M)

9.00 FT (2.7 M)

195.0 FT (59.5 M)

LG-4 0 -90° 221.0 FT 239.0 FT 2.012 62.65 18.00 FT (5.5 M)

11.57 FT (3.5 M)

330.0 FT (100.6 M)

LG-5 0 -90° 139.0 FT 148.0 FT 3.657 307.3 9.00 FT (2.7 M)

5.78 FT (1.8 M)

155.0 FT (47.3 M)

LG-6 N 77° W -81° 190.0 FT 207.0 FT 1.814 92.13 17.50 FT (5.3 M)

11.82 FT (3.6 M)

215.0 FT (65.6 M)

LG-7 N 90° W -79° 441.5 FT 456.0 FT 32.88 1.672 14.50 FT (4.4 M)

9.32 FT (2.8 M)

478.0 FT (145.7 M)

Note: This Table Displays Historical Data.

Results of 1984 diamond drilling program for the seven (7) boreholes are presented in the table. Every borehole hit meaningful Gold and Silver values. Gold values increased with depth and were highest in the deepest (LG-7) borehole 1.16 ounces per ton of Gold (32.88 g/t). Immediate opportunity to drill new boreholes and confirm resource to N1-43-101 standards. Further opportunity to unlock more value by drilling deeper and testing extent of gold-silver mineralization at greater depths.

Page 20: WINSTON GOLD AND SILVER PROJECT - Far Resources

WHY EMPORIA AND IVANHOE?

MINE EXPL TGT SIZE

GOLD G/T

SILVER G/T

REFERENCE

EMPORIA (+80 CHANNEL SAMPLES)

74,500 TO

200,000 TONS

0.283 TO

27.21

3.968 TO

4799

ENTWISTLE - 1944 ENTWISTLE - 1948 RISTORCELL - 1980 FREEMAN - 1986 FREEMAN - 1989

IVANHOE (+55 CHANNEL SAMPLES)

14,500 TO

150,000 TONS

0.226 TO

47.62

0.26 TO

1715

ENTWISTLE - 1944 ENTWISTLE - 1948 FREEMAN - 1986 FREEMAN - 1989

LITTLE GRANITE (7 DDH + VEIN & DUMP SAMP)

150,000 TO

300,000 TONS

0.141 TO

323.7

<1.417 TO

5179

EVELETH - 1980 DEWITT - 1984

Three (3) samples were collected from piles of quartz dump material near the mouth of the mine excavated in the early 1980s:

Two (2) of these composite samples, representative of the main style of quartz present, returned values of 179 g/t Ag and 2.9 g/t Au and 170 g/t Ag and 6.7 g/t Au respectively. A third composite sample of fine-grained grey "cherty" quartz material found on one of the dumps returned values of 1,439 g/t Ag and 25.2 g/t Au.

Two further samples of quartz vein material exposed in the walls of a collapsed stope immediately north of the main mine shaft returned values of 226 g/t Ag and 2.2 g/t Au and 24 g/t Ag and 0.3 g/t Au.

This material shows classic boiling textures and is thought to represent material from the upper part of a well-developed epithermal system.

Note: This Table Displays Historical Data.

Page 21: WINSTON GOLD AND SILVER PROJECT - Far Resources

WINSTON PROJECT HAS FAVORABLE GEOLOGY

The Winston gold and silver exploration property exhibits a style of mineralization known world-wide and hosts some of the highest grade gold-silver mines, such as Hishikari in Japan and Midas in Nevada. Locally, the mineralised veins are generally associated with north-south trending faulting. The overall controlling geological feature is known as the Rio Grande Rift, and extends into northern Mexico where it hosts to several past and present silver mines. The Winston Property exhibits similar characteristics to The Fruta del Norte Mine in Ecuador now owned and operated by Lundin Mining. The mine has over 9 million ounces of contained reserves and resources @ 9.2 g/t gold, making it the 5th highest grade in the world.

Page 22: WINSTON GOLD AND SILVER PROJECT - Far Resources

FAR RESOURCES 6 MONTH PERFORMANCE

Page 23: WINSTON GOLD AND SILVER PROJECT - Far Resources

HEAD OFFICE 510-580 HORNBY ST, BC,CANADA

V3C 3B6

[email protected]

604 374 5561

SUMMARY Drill-ready patent claims including recently expanded land claims (by 300%)

Exceptional late 2020 exploration programs with gold/silver high- grade sampling results such as 66.5 g/t Gold and 4610 g/t Silver

The project includes a past producing, high grade silver-gold mine (Little Granite) which reportedly produced local high-grade ore in some underground shoots.

Check sampling of dump material during due diligence (late 2013) confirmed the occurrence of local very high-grade silver (>1kg/t) and gold (>25g/t) values.

Large land holding of 149 unpatented and patented claims (LG Claims)