Firesteel Resources Corporate Presentation 2015

Copper Porphyry Focused Prospect Generator Exceptional People - Outstanding Geology - Financial Growth

Two flagship properties. 1 optioned to capable, proven partners

Adjacent to significant discoveries and infrastructure

100% owned, highly prospective British Columbia copper-gold properties. -15,927 Ha – multiple targets

© 2015 Firesteel Resources Inc. 2

Culture by Design Program

Forward Looking Statements

This presentation contains statements that may constitute "forward-looking statements“ within the meaning of applicable securities legislation. These statements include, among others, statements regarding business strategy, beliefs, plans, goals, objectives, assumptions or statements about future events or performance.

By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect and, as such, undue reliance should not be placed on forward looking statements. Actual results, performance or achievement could differ materially from those expressed in, or implied by any forward looking statements in this presentation, and accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Corporation will derive therefrom.

The Corporation disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.



Exploration risk born by partners

•  Increases odds for exploration success, limits dilution and preserves cash

•  Minimizes operating capital requirements

•  Acquire properties from distressed companies at low cost

•  Focussed on quality properties in safe jurisdictions

Copper Porphyry Focussed Prospect Generator

3rd Party search for distressed juniors •  Properties financed without frequently going to the market - limiting dilution

Business Model

Using other people’s money to advance our assets

•  Retain 25%

•  Free carry to BFS

•  Leverage partners’ capital, expertise and technologies

•  Forging partnerships with a stable of potential partners

Properties optioned to strong qualified partners



Why Copper Porphyries?

•  Porphyries are most commonly found in orogenic belts along subduc6on zones where oceanic or con6nental plates collide. e.g.

–  West coast of North and South America –  Island plates like Philippines and Papua New

Guinea •  Sought aAer by explora6on companies as an

excellent source of copper. Extra money can be made form co and by-‐products

•  Most important source of Cu and Mo, also major sources of Ag, Au, and Sn. Some even contain pla6num group metals and tungsten.

–  50 -‐60 % of thee world’s Cu comes from them –  As does 95% of world’s Mo

•  Although grades are generally low, deposits are oAen very large containing 100s of millions of tonnes of ore

–  Cu grades typically range from 0.2% to more than 1%

-‐ Poten;ally the World’s Richest Deposits



Capital Structure

November 20th , 2014

Common Shares O/S - 61,555,553

Options O/S @ $0.10 - 3,175,000

Warrants @ $0.10 (expiry 30th Nov 2014) - 3,088,940

Fully Diluted - 67,819,493

Market Capitalization @ $0.03/share - $1.86 M

52 week share price high/low - $0.03 – $0.12



Current Mineral Properties

•  3 copper- gold Projects in the Stikine Arch area – NW BC

•  Extensive work over the years shows good grades

•  Many successful neighbors



ROK-Coyote Property

•  100% Owned •  6,900 ha, highly prospective large

tonnage targets with known Cu-Au results

•  Historical drilling - 38.37 m @ 1.32% Cu, 1.54 g/t Au

•  Adjacent to Red Chris Mine development with P&P Reserves of 302 Mt at 0.365 Cu and 0.27 g/t Au (a 28 year mine life at 30,000 tpd) Imperial Metals

•  Currently looking for option partners

Sheslay Property

•  Formerly Copper Creek (100% Owned) •  6,700 ha property host five significant Cu-

Au targets within close proximity with large tonnage, high grade potential

•  Star system is robust with Stikine arch earmarks and grades

•  5 targets - Largest of the targets is 1,800 m by 750 m

•  Pyrrhotite target is similar and untested •  Prosper Gold - Option to acquire 80%

and JV

Poker Property

•  100% Owned

•  2,327 ha with high-grade quartz-sulphide boulders up to 252.16 g/t Au

•  Conducted exploration project on gold-bearing boulder train

•  Currently looking for option partners

Firesteel’s Land Package

Nearly 16000 ha of quality properties with proximity to successful neighbors



Acquire further 10%, 48 months after

approval

•  $500,000 cash and 500,000 shares

•  $2,000,000 exploration expenditures

Prosper Gold (TSX-V: PGX.H) to acquire 51%, 18 months after approval

•  $300,000 cash and 300,000 shares

•  $1,000,000 exploration expenditure

Option and JV Agreement Sheslay Property

Closed Sept 3rd 2013

Acquire further 19%, 36 months after

approval

•  $200,000 cash 200,000 Prosper shares

•  $2,000,000 exploration expenditures



Sheslay Project History

Supergene Gossans – 19 Mineral Claims

Discovered in 1937; Neighboring Garibaldi Resources Grizzly Property

Brikon Exploration : 1955; 4 DDH – 149 m

Skyline Exploration •  1958-1973; Copper Creek work •  6 DDH 1,050 m: 43.6 m @

0.49% Cu United Cambridge Mines •  1976 -1980; Dick Creek Zone •  Trench 01: 0.42% Cu over 179 m

1978-2003 continued exploration

Firesteel Resources •  2003 to Present •  Geology, geochem, geophysics •  DDH-CC-2004-5; 242.3 m @

0.44% Cu and 0.32 g/t Au (from surface)



Sheslay Project

Five confirmed drill ready copper-gold porphyries with supergene enrichment zones

North Star Target

Cu-in-soil anomalies discovered in 2004

Star Target (Formerly Dick Creek)

Copper Creek Target

East Star Target



Sheslay Project



Star Porphyry Copper Gold Project

Current and historical drilling indicates a bulk tonnage copper gold porphyry deposit

Star Project Highlights

Drill Hole Intersection Cu (%) Au (g/t) Ag (g/t)

SO24 - 312.16 m 0.37 0.24 0.69

SO25 - 269 m 0.42 0.198 0.61

SO26 - 263 m 0.35 0.15 0.63

SO27: - 260 m 0.39 0.12 0.93

SO28: - 60 m 0.63 0.3 0.91

SO29: - 59 m 0.53 0.31 0.94

Final Hole Shows mineralization from surface to 598 m

Sample Drill Results 5 confirmed porphyry cu-au targets (Star, Star North, Star East, Copper Creek, & Pyrrhotite Creek) •Multi-year area based (MYAB) notice of work permit (200 drill locations – Good until march 31, 2019 • Star project optioned to Prosper Gold Corp -September 2013 • 13,431 meters (49 holes) have been drilled at Star including 2004 -7 drilling by Firesteel • 30.4 line-km I.P. Survey refining Star, Star North, & Star East targets • 3586 soil samples adding and expanding surface targets • 1462 line-km airborne multi-parameter survey • Mineralization remains open laterally and to depth in all directions



ROK-Coyote Property Neighbours



ROK-Coyote Property

On trend between Colorado and Imperial Metals

•  M&I - 8.89 b lbs Cu, 12.9 moz Au, 44.61 moz Ag (0.1% Cu cut-off)

•  Inferred – 7.44 b lbs Cu, 11.35 moz Au, 47.04 moz Ag •  Deep Targets below 2004 Pit Design

•  07-335: 1,024 m @ 1.01% Cu, 1.26 g/t Au and 3.92 g/t Ag •  10-393: 1,125 m @ 0.54 % Cu, 0.61 g/t Au and 1.96 g/t Ag

Red-Chris Cu-Au Deposit

•  1 hole 242 m @ 0.63%Cu and 0.85 g/t Au

Colorado Resources

•  Magnetic/IP Anomaly with multiple Cu showings in host

volcanics associated with intrusion-related alteration

•  38.37 m @ 1.32% Cu, 1.54 g/t Au

ROK-Coyote – Main Zone



ROK-Coyote Targets

VRMI Magne6c Image 2013

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1

OZ Minerals

kilometres

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Author: KG

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Date: 22/11/2013

Scale: 1:50000

OZ MineralsR ok C oy ote Magnetic Survey

Total Magnet ic Intens ity and Vector R es idual Magnet ic Intensity Image with

H is togram Stretch and North EastSun shading

Projection: UTM Zone 9 (NAD 83)

F igure 5



•  50 km W of Telegraph Creek

•  3 Claims, 2,327 hectares

•  36 quartz-sulphide boulders which averaged 24.24 g/t

Au (boulders up to 2 m in size); Best sample - 252.16 g/t

Au

•  Target is high-grade shear zone (analogous to the Snip

Mine)

•  2006 work identified a 900 m by 350 m wide Au soil

anomaly; Core of the anomaly was +1,000 ppb Au

•  Limited field work in 2011 failed to identify source of high

grade boulders – source still unknown

Poker Property

Early stage high grade gold prospect

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Firesteel’s Prospect Generator Strategy

1 Enlist intermediaries (lawyers, accountants, and deal makers) to identify copper porphyries within distressed companies.

2 Sign NDA/Non Circumvention agreement

3 Geological team to review prospects

4 Acquire subject to option with strategic partner



Peer Comparison

COMPANY MARKET

CAPITALIZATION (On millions of dollars)

KEY AREAS OF FOCUS

ALMADEN MINERALS (AMM-T) $121.8 Gold, silver, copper prospects in Eastern Mexico. Currently drilling out its 100 per cent-owned Ixtaca discovery.

ALTIUS MINERALS (ALS-T) $326.5 Iron ore and base metals in Labrador. Royalties from Kami iron ore project could generate more than $50-million a year if it is developed as a mine, according to Altius estimates.

EURASIAN MINERALS (EMX-X) $137.4 Gold and copper in Turkey, Haiti, Western U.S., Sweden and Australia. Partners include Newmont, Vale, Inmet, Freeport McMoRan, Antofagasta.

RESERVOIR MINERALS (RMC-X) $124.2 Gold and copper in Serbia and West Africa. Partner with Freeport McMoRan on the Timok copper-gold discovery in Serbia.

VIRGINIA MINES (VGQ-T) $318.5 Gold and base metals in the James Bay region of Quebec. Partners include Goldcorp, Anglo American, lamgold, Xtrata.

Source of market capitalization figures: Bloomberg. Figures are as of April 4. These prospect generators were the ones with the highest market capitalizations that were common to lists of recommended prospect generators supplied separately by Brent Cook and Adrian Day. Mr. Cook holds each personally and Adrian Day Asset Management holds each in client accounts. Article author David Aston owns shares in Almaden Minerals, Altius Minerals, Eurasian Minerals and Virginia Mines. THE GLOBE AND MAIL D SOURCES: BLOOMBERG AND AUTHOR



Michael Hepworth President and CEO

Experienced Management Team

•  Over 30 years international entrepreneurial experience

•  Director – Condor Precious Metals

•  VP Corporate Development of G4G Resources and Northern Iron Corp

Professional Geologist who has been involved in mineral exploration and development in North and South America and throughout Africa, Asia and Europe for more than 25 years.

Extensive experience having served as President & CEO for several small cap exploration and development companies

Mr. Smith is a partner with Clearline Chartered Accountants. His experience includes operating and exploration mining companies throughout North and South America, and extensive audit experience in mining companies reporting for the Toronto Stock Exchange

Paul Sarjeant P Geo., Q.P. and Director

Grant Smith Chief Financial Officer



Board of Directors

Michael Hepworth International business leader, entrepreneur and senior corporate development executive

Paul Sarjeant, P. Geo. •  Prof Geologist; VP Exploration - Global Cobalt

Corp. •  Past CEO - Lion’s Gate Metal and Grandview

Gold Inc; Senior Geo - Echo Bay Mines

Ernest Cleave, CA (ANZ), CPA, CMA(UK) •  Financial executive with extensive capital

markets experience; Goldcorp, Falconbridge, Grandview Gold, Cline Mining.

•  Currently CFO of Largo Resources.

Eugene Chen, LLB Lawyer specializing in securities, corporate finance and M&A; Corp director

David Forest, P Geo. •  Founder and COO - Sunward Resources,

COO - Condoto Platinum and VP Exploration – Asia Pacific Mining

•  Formerly – Investment analyst with Casey Research

Peter Pollard, PhD, BSc Hons Geology •  Chairman- Kalimantan Gold, director Hunter

Bay Minerals and G4G Resources •  International consulting economic geologist

with extensive porphyry and skarn Cu-Au experience



Sheslay Project

•  700 x 500 m IP chargeability anomaly, open to the north and eastern edge displays very strong Cu-in-soil anomaly

•  Grab samples up to 12% Cu with many grading 2-3% Cu

North Star Target

•  500 m x 500 m, open ended strong Cu-in-soil anomaly (>300 ppb) and Au up to 490 ppb

•  Soil anomaly located on magnetic and IP chargeability anomaly

•  Open for extension in all directions

East Star Target

•  Altered and mineralised corridor 1,800 x 750 m is extent

•  Several extensive Cu-in-soil anomalies occur on flanks of broad open-ended IP chargeability anomaly (1,500 x 750 m)

•  Historical hand trench results: 130m @0.40% Cu

•  Rock chip from 5 hand trenches over 130 m returned grades up to 0.40% Cu (no Au analysis carried out)

•  1972 Single drill hole -146.3 m @0.32% Cu. No gold analysis.

Pyrrhotite Creek Target



Why Invest in Firesteel?

•  Highly prospective BC properties with solid history and successful neighbors.

•  Searching for others in stable jurisdictions

•  Specialization - porphyry systems •  Top international geological talent •  Strong partners

Mineral Assets

People

Partners

•  Proven business model •  Current option agreement with

Prosper Gold will result in $5.0m in exploration, $1.0m in cash and 1m PGX shares

Track Record

•  Low risk jurisdictions •  Business model reduces financial risk while

increasing exploration upside

Risk Mitigation

•  JV partners bear exploration and financing risk

•  Access to strong, capable and proven JV partners

•  Partners actively looking for targets

Michael Hepworth – President and CEO Suite 1001, United Kingdom Building

409 Granville St, BC.

Vancouver BC, V6C 1T2

T: (647)725 3793 F: (604) 669 5728 E: [email protected] Website : www.firesteelresources.com

Contact Us:

TSX.V : FTR

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