April 2016

Heatherdale Resources Ltd.Building shareholder value by developing premium deposits in Alaska

Forward-Looking Statements

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Except for statements of historical fact, this presentation contains certain “forward-looking information” within the meaning of applicablesecurities law. Forward-looking information is frequently characterized by words such as “plan”, “project”; “intend”, “believe”, “anticipate”,“estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements arebased on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks anduncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-lookingstatements. Assumptions used by Heatherdale to develop forward-looking statements include the following: the Niblack project willobtain all required environmental and other permits and all land use and other licenses, studies and exploration of the Niblack project willcontinue to be positive, and no geological or technical problems will occur. Factors that could cause actual results to differ materiallyfrom those in forward-looking statements include market prices for metals, the conclusions of detailed feasibility and technical analyses,lower than expected grades and quantities of mineralization and resources, mining rates recovery rates and the lack of availability ofnecessary capital, which may not be available to Heatherdale on terms acceptable to it or at all, changes in and the effect of governmentpolicies with respect to mineral exploration and exploitation, uncertainties related to the ability to obtain necessary permits, licenses andtitle, and delays due to third party opposition, delays in exploration and development projects and the possibility of adversedevelopments in the financial markets generally. Heatherdale is also subject to the specific risks inherent in the mining business as wellas general economic and business conditions. The company undertakes no obligation to update forward-looking information ifcircumstances or management’s estimates should change except as required by law. The reader is cautioned not to place unduereliance on forward-looking statements. More detailed information about potential factors that could affect financial results is included inthe documents that may be filed from time to time with the Canadian securities regulatory authorities by Heatherdale.

Information Concerning Estimates of Indicated and Inferred Resources“This presentation uses the terms ‘Indicated resources’ and ‘Inferred resources’. Heatherdale Resources Ltd. advises investors thatalthough these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosurefor Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assumethat any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, ‘Inferred resources’ havea great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of anInferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resourcesmay not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.”

“The securities of Heatherdale Resources Ltd. referenced herein have not been, and will not be, registered under the Securities Act of1933, as amended, or under any state securities laws, and may not be offered or sold in the United States absent such registration oran exemption from registration.”

Technical information contained in this presentation has been reviewed and approved by Mark Rebagliati, PEng, a qualified person whois not independent of Heatherdale Resources Ltd.

Niblack – Excellent Location and Infrastructure

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Niblack – Poised for Development

Secure Title in a supportive and safe jurisdiction

Resource defined with internal continuity

Clear path to development with existing resource

Excellent metal recoveries, premium concentrate grades

Unique, low cost development opportunity with excellent Infrastructure

Brownfields industrial site (GIIC) for processing plant near Ketchikan

Access to low cost-hydro power and skilled labor force

Tidewater location for low cost concentrate delivery to the Pacific Rim

Drill ready resource expansion opportunities

Low initial capital requirement

AIDEA* Funding ($125M) authorized by 2014 Alaska legislature

* Alaska Industrial Development and Export Authority, Alaska’s development f inance authority

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Niblack Property – Secure Land Tenure

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6,200 Acres of Federal Mining Claims 250 Acres of Patented Mining Claims Heatherdale controls 100%

Niblack – District Exploration = Resource Expansion

Historical mining operations 1902-1908

Produced 20,000 tons

Patented claims 250 acres

Active exploration since 1970s 195,000 feet* of drilling in 246 holes

Spent by prior operators = $41M

Underground development drift: 3,300ft - $10M Completed in 2008

28 UG drill holes – 19,765 ft

Discovery of new high grade mineralization in drill core

* includes the 28 UG holes - 19,765 ft

Since 2009, Heatherdale has: Spent $37M

Drilled 200,000 ft

Substantially increased resource

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Niblack Site Infrastructure

7Dock & Barge Camp Underground DevelopmentSupply Barge

Accessible Deep Water at Niblack Anchorage Gravina Island Industrial Complex (GIIC)

Niblack – Gravina Island Industrial Complex (GIIC)

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Niblack – Focus on Potential for near-term Production

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Advance development planning based on existing higher grade resource

Mobilize strong Stakeholder and Governmental support to rapidly advance project through permitting

Construct a financing package that includes AIDEA pre-authorized financing to complete Niblack study, focused on:

achieving excellent IRR

paying back capital in less than two years

Employ optionality to effectively expand resource base from underground operation

Ramp up production in line with resource expansion

Opportunity: Add value through staged investment in a high value resource located in a low risk jurisdiction by aggressively advancing project to production

Niblack Resource Estimate

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Higher Grade Indicated ResourceCutoff @

US$150/t NSR Tonnes Cu%

Aug/t

Zn%

Agg/t

Total 1,160,000 1.71 3.21 3.83 62.68

* Includes higher grade resourceNote 1: Net Smelter Return (NSR) cutof f uses long-term metal f orecasts: gold US$1,150/oz, silv er US$20.00/oz, copper US$2.50/lb, and zinc US$1.00/lb; Recov eries (used f or all NSR calculations) to Cu concentrate of 95% Cu, 56% Au and 53% Ag with pay able metal f actors of 96.5% f or Cu, 90.7% f or Au, and 89.5% f or Ag; to Zn concentrate of 93% Zn, 16% Au, and 24% Ag with pay able metal f actors of 85% f or Zn, 80% f or Au and 20% f or Ag. Detailed engineering studies will determine the best cutof f . Note 2: Nov ember 2011 estimates by Deon Van Der Heev er, Pr. Sci. Nat., Hunter Dickinson Inc., a Qualif ied Person who is not independent of the Company .

Cutoff @ US$50/t NSR

Million Tonnes

Cu%

Aug/t

Zn%

Agg/t

Indicated* 5.6 0.95 1.75 1.73 29.52

Inferred 3.4 0.81 1.32 1.29 20.10

Niblack – Potential Mining and Processing Facilities

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Underground Mine 1000 to 1500 Tons Per Day1

Small Footprint Plus 10 year mine life2

Envision long hole stoping method Primary crushing, then barge to processing site

Processing Site (near Ketchikan) Brownfield Industrial site MOU with Ketchikan Gateway Borough Clean Energy infrastructure with capacity Existing service and supplies infrastructure Available local workforce Simple metallurgical flow sheet

crush – grind – float Investigate value of pyrite concentrate Deep draft port for Shipping of Concentrate

1 Based on comparisons w ith operations of similar deposit type.2 Based on current mineral resources.

Interior of the Kensington mill withthe grinding units in the foreground. July 2007

Niblack – Excellent Metallurgical Results

Copper concentrate (29 – 30% Cu)Recoveries

94 - 95% copper 56 - 62% gold 53 - 61% silver

Zinc concentrate (60 – 65% Zn)Recoveries

90 - 93% zinc 10 - 16% gold 16 - 24% silver

Medium to coarse grained for easier processing and recoveries

Very desirable clean concentrates

Simple Milling: Crush, Grind, and Float

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Testwork conducted for Niblack Mineral Development Inc. by SGS Canada Met Lab based on two 75 kg samples.

State Legislature Approves Niblack Project Financing

Alaska Industrial Development and Export Authority (AIDEA) AIDEA is a state owned corporation.

Mission is to promote, develop, and advance economic growth and diversification in the state by providing financing and investment.

The authority has a long history of supporting Alaska’s minerals industry, beginning with its financing and construction of the DeLong Mountain Transportation System at Red Dog.

October 2013 – MOU between AIDEA and Heatherdale signed Heatherdale and AIDEA will work collaboratively to advance opportunities associated with

Niblack Project and the potential mill facilities at the Gravina Island Industrial Complex (GIIC) with the Ketchikan Gateway Borough (KGB).

MOU to assess the potential for processing, port, and tailings storage facilities at GIIC.

Financing and/or direct investment in capital infrastructure improvements such as roads, ports and power facilities resulting in opportunities to reduce CAPEX commitments.

April 2014 – Alaska State Legislature unanimously passes Senate Bill 99 SB99 pre-authorizes AIDEA ability to issue bonds for up to $125 Million to finance the

development of the Niblack Project and the GIIC for a mineral processing facility.

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2013 – 2015 Government and Community Outreach

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Resource Expansion Opportunities

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Niblack – Lookout Zone – Types of Mineralization

C Zone – Felsic Flow Sulphide Contacts

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Niblack – Lookout, Trio, and More Drill Ready Targets

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Historical Surface Drill Hole Intercepts

Niblack – First Order Expansion Opportunities

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Niblack – Dama Zone Geophysics (IP)

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Niblack Project Advantages

Advanced Engineering and Project Scoping Resource Expansion Targets Drill Ready Excellent Mill Site near Ketchikan Governor strongly supports the project

$2.0M in capital budget to improve access road from airport to GIIC

Alaska Delegation support the project Begich and Murkowski introduced road bill Representative Don Young introduced POW road

bill to House Committee

SE Alaskan legislators supportive Unanimous vote on SB99 – AIDEA financing

Local government leaders are on board Sealaska Native Corporation engaged and

supportive Local Price of Wales Island (POW)

communities and Native leaders engaged Ketchikan community very supportive

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Plans Going Forward – Be Prudent

Niblack Project

Explore investment opportunities to take Niblack Project Forward to Pre-feasibility and ultimately into Permitting and Construction

Collaborate with the Ketchikan Gateway Borough (KGB) as part of the MOU to investigate the suitability of the Gravina Island Industrial Complex for the Niblack Processing Plant

Collaborate with AIDEA on financing options and opportunities as part of the MOU and SB99

Continue Stakeholder Engagement Activities

Comply with Permitting requirements

Continue Environmental base line data collection

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Heatherdale – Board of Directors and Management

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Scott Cousens Chairman, Interim President and CEO and DirectorScott Cousens provides management and financial services to a number of publicly traded companies managed by Hunter Dickinson. His focus for the past 20 years has been the development of relationships w ithin the international investment community.

Robert Dickinson DirectorRobert Dickinson is an economic geologist w ho has been actively involved in mineral exploration and mine development for over 40 years. He is Chairman of Hunter Dickinson as w ell as a director and member of the management team of a number of the public companies associated w ith Hunter Dickinson.

David Copeland DirectorDave Copeland is a geological engineer w ith thirty years’ experience in advancing mineral projects through feasibility, permitting, engineering design and initial development phases.

Lena Brommeland DirectorLena Brommeland has more than 20 years’ experience as a geologist managing major exploration projects in Alaska, British Columbia and around the w orld. Her experience includes onsite drill programs, environmental planning and permitting, and community relations activities for exploration and feasibility-level projects.

Rene Carrier DirectorRene Carrier is a past Vice-President of Pacif ic International Securities Inc. He is also a director of a number of public companies.

Judy Thomson DirectorJudy Thomson is a Chartered Accountant with over twenty-f ive years of professional experience in audit, business administration and human resources, holding senior positions w ith a global accounting and consulting f irm in Canada and Asia. She w as a director of Detour Gold from January 2007 to March 2009.

Mark Peters CFOMark Peters is a Chartered Accountant and holds a Bachelor's degree in Economics from the University of Victoria. He has 15 years of experience in the areas of f inancial reporting and taxation, working primarily with Canadian and US public corporations. Previously, Mr. Peters w orked for PricewaterhouseCoopers LLP in the tax group.

Trevor Thomas Corporate SecretaryTrevor Thomas has practiced in the areas of corporate commercial, corporate f inance, securities and mining law since 1995. Prior to joining Hunter Dickinson, he served as in-house legal counsel w ith Placer Dome Inc.

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Investor Relations15th Floor Phone: 604-684-63651040 West Georgia Street Fax: 604-684-8092Vancouver, BC TF: 1-800-667-2114Canada V6E 4H1 Email: info@hdimining.com

Website: www.heatherdaleresources.com