Canamex Corporate Presentation

TSX.V : CSQOTCQX : CNMXF

FSE : CX6

November 2016

High Grade, Heap Leach, Gold Development in Nevada

TSX-V:CSQ | OTCQX:CNMXF | FSE:CX62

This presentation contains forward-looking statements regarding future events and Canamex’s future results that are subject to the safe

harbors created under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”). These

statements are based on current expectations, estimates, forecasts, and projections about the industry in which Canamex operates and the

beliefs and assumptions of Canamex’s management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,”

“believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions, are intended to identify such forward-

looking statements. In addition, any statements that refer to projections of Canamex’s future financial performance, Canamex’s anticipated

growth and potential in its business and other characterizations of future events or circumstances are forward-looking statements. Such

statements are subject to a number of assumptions, risks and uncertainties, including such factors as the volatility and level of commodity

prices, currency exchange rate fluctuations, uncertainties in cash flow, expected acquisition benefits, exploration mining and operating risks,

competition, litigation, environmental matters, the potential impact of government regulations, and other matters, many of which are beyond

our control. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or

developments may differ materially from those expressed or implied in the forward-looking statements.

CAUTIONARY NOTE to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources:

The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company

can economically and legally extract or produce. The information contained herein uses the terms “Measured”, “Indicated” and “Inferred”

Mineral Resources which may not be consistent with the reserve definitions established by the SEC. United States investors are advised

that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does

not recognize them and expressly prohibits U.S. registered companies from including such terms in their filings with the SEC. “Inferred

Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be

assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of

Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to

assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States

investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

DisclaimerCautionary Note Regarding Forward Looking Statements


Investment HighlightsHigh-Grade Oxide in Nevada

Prolific Mining

Jurisdiction

Nevada is the top gold producing region in the

Americas, produces 75% of gold in USA

High-grade Drill

Intercepts in Nevada*

110 metres @ 4.08 g/t gold

57.9 metres @ 5.23 g/t gold

Excellent

Metallurgy

Gold extractions ~90%

Low reagent consumption = potential for low costs

Potential for Shortened

Permitting Process

Initial development focused on private land

Historic production of ~100,000 ounces (@19.2g/t)

Insider

Commitment

Insiders have 22% of the common shares issued and

outstanding on a basic level (as of November 2016)

3

* Best drill intercepts in Nevada 2012, 2013 and 2014 Only 20% of targets have been drilled = exploration upside


4

Fall 2016 drilling campaign underway at Bruner Property in Nevada

Focus on the Paymaster deposit

Paymaster generated positive results in 2014 drilling campaign

23 holes, for an estimates 1,829 metres

In addition: 3 groundwater test holes in leach pad area (457 metres)

Canamex closed private placement for $4,955,350

$4,239,000 in secured convertible debentures

$716,350 in equity

Company’s balance sheet is restructured, focus now on drilling and

permitting

Recent News from Canamex


Corporate OverviewCapital Markets

Share Price (C$) November 2016 $0.13

Basic Shares Outstanding (M) 37.8

Fully Diluted Common Shares (M) 99.1

Market Capitalization (C$M) $4.9

Total Debt (C$M) $4.239

Enterprise Value (C$M) $9.1

52 Week High – Low $0.32 - $0.12

Average Daily Trading Volume (3m) 84,000

Trading Symbols

TSX.V:CSQ

OTCQX:CNMFX

FSE:CX6

Capital Structure Share Price Performance (TSX.V:CSQ)

Major Shareholders

5

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2.00

0.02

0.07

0.12

0.17

0.22

0.27

0.32

Nov2015

Dec2015

Jan2016

Feb2016

Mar2016

Apr2016

May2016

Jun2016

Jul2016

Aug2016

Sep2016

Oct2016

Nov2016

Hecla Mining 11.4%Management / Directors 10.3%Others 78.3%


Management TeamTechnical and Capital Markets Experience

6

Mark Billings

CEO and Chairman of the Board

Former Director, Senior VP of Corporate Development and co-founder of Argex Titanium Inc. Prior

to founding Argex, Mark served as Chief Financial Officer for private and public internet companies

and was VP of Corporate Finance with Desjardins Securities Inc. in Montreal. He has an MBA from

the Harvard Business School and a Chartered Financial Analyst (CFA) designation.

Greg Hahn, C.P.G.

President & COO, Director

A Professional Geologist and Geological Engineer, who has over 35 years of experience in

exploration and mine development. Greg has held senior level management positions with several

public mining companies, where he has taken projects from mine development through to

production, including permitting, engineering, construction and operations.

Dean McDonald, Ph.D, P.Geo

DirectorSenior Vice President – Exploration, Hecla Mining Company

Mike Stark

DirectorInvestor/Entrepreneur , Fire Captain / former President of the Fire Dept. Charity Association

Frank Hogel, MBA

DirectorCurrently Chief Executive Officer of Peter Beck Performance Funds GbR and advisor to Concept

Capital Management, an asset management company.

Jeb Handwerger

DirectorPresident of Goldstocktrades.com, a website and newsletter focused on the junior mining sector.

Kurt Allen, B.Sc, M.Sc

Technical AdvisorCertified Professional Geologist and Director – New Projects for Hecla Mining Company

Stuart Simmons, Ph.D

Technical AdvisorSenior Research Scientist, Energy & Geoscience Institute at the University of Utah


Introducing: The Bruner Gold ProjectHigh-Grade Oxide in Nevada

• Located in the prolific gold mining region of Nye County,

Nevada

• Spent US$6 million required to earn 70%, triggered the

70/30 joint venture with Canamex as operator / manager

• Seven highly prospective target areas

• 2016 Preliminary Economic Assessment Resources

-Indicated: 260,000 oz Au

-Inferred: 63,000 oz Au

Open potential to increase resources

Mineral Resources are not Mineral Reserves and do not have

demonstrated economic viability. There is no certainty that all or

part of the Mineral Resources estimated will be converted into

Mineral Reserves

• Brand new gold discovery; among the best drill

intercepts in Nevada from 2012-2014

-110 metres @ 4.08 g/t gold

-57.9 metres @ 5.23 g/t gold

NEVADA

Asset Overview Asset Location

Bruner Gold Project

7


The Bruner Gold ProjectWell Located with Infrastructure

Major structural intersection surrounded by multi-million ounce deposits

Excellent access from Nye County Road – Historic Resource Area drill roads

Possible Leach Pad / Plant Site identified

20 km to substation with up to 10 MW capacity

$1.5 million estimated cost to get power from substation to Bruner upon production

Drill Roads Covering Deposit Area

Base of bulk tonnage deposit

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Rawhide Mine1.6 MM oz. Au

17.5 MM oz. Ag

Paradise Peak Mine2.6 MM oz. Au43 MM oz. Ag

Santa Fe Mine0.5 MM oz. Au1 MM oz. Ag

Round Mountain10 MM oz. Au


The Bruner Gold ProjectExcellent Metallurgy

• +89% gold extraction in 83 days on -3 inch and

-3/4 inch crush

• Importantly, +80% gold extraction in 40 days

• Low reagent consumption = potential for low

costs

• Bottle roll tests returned an average of 97%

gold extraction from both Penelas East and

Paymaster discoveries

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A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and

Canamex Resources is not treating the historical estimate as current mineral resources or mineral reserves


The Bruner Gold ProjectThree Highly Prospective Target Areas

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3

4

6

B-1201

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Focus Targets

1. “Historic Resource” Area (‘HRA’)

2. “Penelas Mine” & “Penelas East”

3. “Paymaster Mine” High Grade Area

Additional Targets: Exploration Upside

4. “NW (Bruno)” Large Disseminated Target

5. “Phonolite Shaft” Large Disseminated Target

6. “Bruner Mine” High Grade Vein Target

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2

Bruner Gold Property


1111

The Bruner Gold ProjectRawhide Deposit Outline


1. “Historic Resource” Area (‘HRA’)Overview

• 2014 Drilling: +30 holes to upgrade and

increase historic resource

• Gold (VG) mineralization is associated with

Silica Alteration Spires and major

structures/intersections

• Over 50 Silica Alteration Spires have been

mapped – most of which still to be drilled

• 2014 drilling tested Spires with excellent

gold intercepts

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Siliceous Spire Outcrop

yet to be drilled

High Grade Core


1. “Historic Resource” Area (‘HRA’)2014 Drill Cross Section

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2. “Penelas Mine” & “Penelas East”Overview

• Brand new exciting gold discovery

• Among the best drill intercepts in Nevada 2012-2014

• 2012 – 2013 Drill Program Best Intercepts:

B-1201 – 110 metres at 4.08 g/t gold

B-1301 – 91 metres at 3.10 g/t gold

• Deposit open to the north – new intercept:

B-1436 – 9.1 metres at 11.9 g/t gold

(Re-assayed at 16.4 g/t)

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2. “Penelas Mine” & “Penelas East”VLF-EM Anomaly and Possible Extensions

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Targets with drill

Intercepts above0.3 g/t gold


• Brand new exciting gold discovery – Adjacent to the Historic Resource Area (1.5 km)

• Near-surface mineralization

• 2014 Drill Program Best Intercepts:




3. “Paymaster Mine” High Grade AreaOverview

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View Looking North From “HRA” to “Paymaster”

Paymaster


The Bruner Gold ProjectDrilling Completed

Historic Resource Area: 27 holes to upgrade drill hole data for NI 43-101 resource report and classification

Penelas East Discovery: 12 holes to test the northern extensions with VLF–EM and gold-in-soil anomalies

Paymaster Mine/Target Area: New Discovery with 10 holes outlining gold-bearing structures and orientations

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The Bruner Gold ProjectPriorities for 2016: Working Towards Production

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Complete maiden NI 43-101 technical report and mineral resource estimate

for the Bruner Gold Project (Complete)

Obtain 70% interest in the Bruner Gold Project and initiate the joint venture agreement (Complete)

Complete PEA to show values and path forward (Complete)


The Bruner Gold ProjectPhase 1 Development Concept

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Production Scenario on Patented Land


ConclusionsHigh-Grade Oxide in Nevada

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Prolific Mining Jurisdiction

Among Highest Grade Drill Intercepts in Nevada

Excellent Metallurgy

Potential for Shortened Permitting Process & Low Cost

Significant Untapped Exploration Potential – 80% Unexplored


Canamex Resources CorporationContact Information

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Greg Hahn+1 720 244 2022

[email protected]

Mark Billings+1 514 296-1641

[email protected]

Greg Hahn, CPG #7122 and President/COO of the Company, is the QP responsible for the technical disclosure contained in this presentation.

All public corporate filings can be found on www.sedar.com under: “Canamex Resources Corp.”

Please visit our website for further information: www.canamex.us

Chief Executive Officer President & Chief Operating Officer

mailto:[email protected]

mailto:[email protected]

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