TSX-V : POR FSE : POT LITHIUM ARGENTINA MAY 2018
Forward looking statements This presentation contains forward looking statements concerning future operations of Portofino Resources Inc. (the Company ). All forward-looking statements concerning the Company s future plans and operations, including management s assessment of the Company s project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company s control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections. Such statements include, among others: possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; changes in project parameters as plans continue to be refined; failure of equipment or processes to operate as anticipated; accidents and other risks of the mining industry; delays and other risks related to construction activities and operations; timing and receipt of regulatory approvals of operations; the ability of the Company and other relevant parties to satisfy regulatory requirements; the availability of financing for proposed transactions, programs and working capital requirements on reasonable terms; the ability of third party service providers to deliver services on reasonable terms and in a timely manner; market conditions and general business, economic, competitive, political and social conditions. It is important to note that the information provided in this presentation is preliminary in nature. There is no certainty that a potential mine will be realized. Technical content has been reviewed and approved by Andrew J. Turner, B.Sc., P.Geol. of APEX Geoscience Ltd., who is the Company's Geological Consultant and is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. MAY-2018 TSX-V : CTN 2
Lithium-brine focus in Argentina, South America BOLIVIA CHILE ARGENTINA MAY-2018 TSX-V : POR 3
Property locations POR:TSX-V POT:FSE JUJUY All properties are within the worldrenowned Lithium Triangle in South America, where Argentina is currently the third-largest lithium producer (5,500 MT), also ranking third in lithium reserves (2,000,000 MT). POR s properties are geographically focused in Catamarca Province, Argentina: PROJECT SIZE (Ha) Rio Grande Sur 8,500 Project II 3,900 CHILE Portofino Rio Grande Sur Portofino Yergo II Albemarle Salar de Atacama LSC Lithium Rio Grande Salar Albemarle Antofalla Salar Salar de Arizaro Pucara Portofino Del Condor Lithium Americas Cauchari Olaroz NRG Metals H.M.North FMC Lithium Energi Fenix Laguna Caro CATAMARCA Advantage Lithium / Orocobre Cauchari Argosy Minerals Salar del Rincon Salar de Pocitos SALTA LSC Lithium Salinas Grandes Salar Millennial Lithium Pastos Grandes Salar Galaxy Sal de Vida Lithium X Salar de Diablillos Salar del Hombre Muerto AIS Resources Laguna de Guayatayoc Yergo 2,932 Argentina Lithium Salar de Incahuasi NRG Metals Salar Escondido Yergo II 614 Del Condor 1,467 Pucara 337 Bearing Resources Maricunga Wealth Minerals Laguna Verde Portofino Project II Lake Resources Kachi Project ARGENTINA TOTAL 17,750 NeoLithium 3Q Project MAY-2018 TSX-V : POR Portofino Yergo 4
Rio Grande Sur: Catamarca Province, Argentina LSC Rio Grande Salar PORTOFINO RESOURCES RIO GRANDE SUR CLAIMS 2017-08-24 TSX-V : POR 5
Rio Grande Sur: Catamarca Province, Argentina Portofino has the right to acquire up to a 100% interest in the Rio Grande claims. The concession area comprises approximately 8,500 ha, and consolidates the southern extension of the Rio Grande Salar in Catamarca. The property is adjacent to the Rio Grande concessions held by LSC Lithium Corp. ("LSC") and Enirgi Group Corp. ("Enirgi") LSC has reported an initial Mineral Resource estimate* within its concessions which included a total of 2,190,000 tonnes of lithium carbonate (Li2CO3) equivalent in the Inferred Mineral Resource category with the top 50 meters ( m ) of the deposit amounting to 1,375,435 tonnes grading at 338mg/l Li and the lower 50m to 100m amounting to 814,582 tonnes grading at 410mg/l Li. *LSC Lithium Corp. Technical Report on the Salar de Rio Grande Project, Salta Province, Argentina dated March 28, 2018 and authored by Hains Engineering Company Limited. 2017-08-24 Source: International Lithium TSX-V : POR 6
Project II: Catamarca Province, Argentina Wealth Minerals Laguna Verde PORTOFINO RESOURCES PROJECT II CLAIMS 2017-08-24 TSX-V : POR 7
Project II: Catamarca Province, Argentina Portofino can acquire up to an 85% interest in Project II, a lithium brine property, which is located approximately 10 km from the Chile border, 27 km east of Wealth Minerals Laguna Verde project and 65 km northeast of Neo Lithium Corp s 3Q project, encompassing a 3,950 ha claim block. Historical exploration work commissioned in 2012 by the vendor included geological mapping, sampling of surface waters, auger sampling of brines, and compilation of the distribution of Lithium and Potassium grades within the basin. Surface water and auger brine samples were analyzed and results averaged 274 mg/l of Lithium. June 2017 APEX Geoscience undertook a comparative surface sampling program that validated the results received in 2012. As a result, Portofino intends to move forward with a definitive agreement on the property and to initiate a formal exploration program. 2017-08-24 TSX-V : POR 8
Yergo: Catamarca Province, Argentina NeoLithium 3Q Project PORTOFINO RESOURCES YERGO CLAIM 2017-08-24 TSX-V : POR 9
Yergo: Catamarca Province, Argentina Portofino has the right to acquire up to a 100% interest in the Yergo and Yergo II claims. The Yergo claim encompasses a 2,932 ha claim block and is located 30 km south of Portofino's Project II, and 20 km south-east of Neo Lithium Corp's 3Q project. The Yergo 2 claim encompasses a 614 ha claim block and is located approximately 20 km south of the Company's Rio Grande Sur project and 23 km west of the Antofalla salar currently being explored by Albermarle Corporation. 2017-08-24 Source: International Lithium TSX-V : POR 10
Hombre Muerto Salar: Catamarca Province, Argentina PORTOFINO RESOURCES PUCARA CLAIM Galaxy Resources Sal de Vida Project Lithium X Diablillos DEL CONDOR CLAIM PORTOFINO RESOURCES FMC Fenix Project 2017-08-24 TSX-V : POR 11
Hombre Muerto Salar: Catamarca Province, Argentina Portofino has the right to acquire up to a 100% interest in the Del Condor and Pucara Del Salar claims, which are located in the Salar del Hombre Muerto where FMC Lithium is currently producing lithium and Galaxy Resources is developing its Sal de Vida project. The Salar Del Hombre Muerto has been extensively drilled and is considered a world class salar. The claims encompass a combined 1,804 ha claim block, where Del Condor is 1,467 ha, and Pucara is 337 ha respectively. May 2017 APEX Geoscience completed a near surface brine sampling program for Portofino. Analysis of the samples returned values up to 340 mg/l Li within the claim block. Portofino s geological team is currently onsite completing further sampling. 2017-08-24 TSX-V : POR 12
Leadership Team: CANADA: David Tafel CEO, Director Jeremy Wright, CPA, CMA CFO Ken Cawkell Director, Corporate Secretary Stephen Wilkinson Director ARGENTINA: Sebastián Cattáneo Country Manager Dr. Isidoro Schalamuk Geological Advisor Ignacio Celorrio Legal Counsel Alejandro Massot Legal Counsel MAY-2018 TSX-V : POR 13
Share structure as at May 15, 2018: Share price $0.060 Market capitalization $3,111,120 Shares outstanding 51,852,000 Options outstanding 3,035,000 Warrants outstanding 19,705,400 Shares outstanding fully diluted 74,592,400 MAY-2018 TSX-V : POR 14
Sector comparable analysis: From 52 Week High (04-04-2018) Company Ticker Price (CAD) Enterprise Value (CAD, M s) Properties Total Hectares (Net) Enterprise Value per Hectare -65% Portofino Resources POR.V $0.060 $3.1 6 17,200 $180-60% Lake Resources LKE.AX $0.110 $32.3 4 165,000 $196-58% Lithium Energi Expl. LEXI.V $0.320 $25.1 3 90,200 $272-69% Argentina Lithium LIT.V $0.180 $16.6 3 48,500 $342-67% PepinNini Minerals PNN.AX $0.024 $12.6 5 27,200 $463-52% NRG Metals NGZ.V $0.25 $33.4 2 32,467 $1,028-46% Dempsey Minerals DMI.AX $0.130 $6.8 2 4,500 $1,511-76% AIS Resources AIS.V $0.400 $19.3 3 10,500 $1,838 AVERAGE $18.7-58% LSC Lithium LSC.V $0.780 $116.1 5 105,983 $1,095-30% Advantage Lithium AAL.V $1.020 $142.1 4 64,157 $2,215-47% Neo Lithium NLC.V $1.480 $169.5 1 28,900 $5,865 Acquired Lithium X Energy LIX.V $2.610 $245.0 1 6,523 $37,559-50% Millennial Lithium ML.V $2.190 $178.5 2 4,190 $42,601-35% Argosy Minerals AGY.AX $0.290 $259.9 1 2,315 $112,267 AVERAGE $185.2 Source: Epstein Research April 4, 2018, updated by POR May 09-2018 MAY-2018 TSX-V : POR 15
Portofino Resources Inc. www.portofinoresources.com TSX-V : POR FSE : POT David Tafel CEO, Director 604 484 2161 info@portofinoresources.com Jeremy Wright CFO 604-837-7990 jwright@seatrendstrategy.com