TSXV: MCI | AGRDF: OTC Pink

June 2017 Presentation

Cautionary Notes

www.minnovacorp.ca

Cautionary Note Regarding Forward-looking Information This presentation contains certain information that may constitute forward-looking information under applicable Canadian and U.S. securities legislation, including but not limited to information about current expectations on the timing, extent and success of exploration, development and metallurgical sampling activities, the timing and success of mining operations, the optimization of mine plans, milling activity at the PL Mill, the timing and completion of updated mineral resource and reserve estimates in respect of the PL and Nokomis deposits, the Company's intention and ability to monetize mineralized material, project development and related permitting, the financial condition of Minnova and the ability of Minnova to finance exploration and development funding requirements and the ability of Minnova to meet forecast production and cost targets. This forward-looking information entails various risks and uncertainties that are based on current expectations, and actual results may differ materially from those contained in such information. These uncertainties and risks include, but are not limited to, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations; and the ability of Minnova to fund its substantial capital requirements and operations. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials filed with the securities regulatory authorities in Canada which are available at www.sedar.com. Readers are urged to read these materials. Minnova assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by law.

Cautionary Note Concerning Resource Estimate: Historical resources in this presentation are historical estimates that predate NI 43-101 and are not compliant with current definitions, and have not been verified by the company; consequently, they should not be relied on by investors.

Qualified Person Mr. Brian Robertson, B. Sc., P. Eng.., a Director of the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in this presentation. Unless otherwise noted, all dollars in this presentation are in C$ dollars.

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Minnova Corp. - Two Value Propositions

EXPLORATION 22km unexplored

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MINE RE-START Near term Gold Production ~45k opy production

Gold Bars produced in 1988/89 containing 513 oz and 532 oz Au, respectively

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• Low to negative correlation with other asset classes, making it an effective portfolio diversifier

• Generally Positive/Bullish outlook for GOLD and gold linked equities

• Rising global debt – is it a crisis?

• Negative interest rates

• Global political unrest

• Institutions adding GOLD to asset mix

Cases for Gold and Manitoba

GOLD FUNDAMENTALS

• World Class Mining Jurisdiction

• Most Prolific Greenstone Belt in Canada

• Excellent Infrastructure

• Low Cost Electrical Power

• > 100 Years of Mining – 30 Mines

• Historically a High Grade Mining Camp + experienced workforce + Low Cost Suppliers (drillers, road maintenance, etc.)

• No First Nation Issues

MANITOBA FUNDAMENTALS

MINNOVA’S VALUE PROPOSITION

• PL Mine is past-producer & permitted

• Attractive Capital Structure (~28 million shares)

• Key Mining Infrastructure in place = Lower Capex

• High grade LOM average gold grade >7g/t

• Targeting ~45,000 oz annual production

• Low Relative Valuation ~US$20 EV/Rsc oz

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CANADIAN GOLD PROJECTS

• 100% owned past producing , permitted PL Gold Mine • 100% owned satellite Nokomis gold deposit

GOLD PRODUCTION in 2018 1

• Feasibility Study Underway - Targeting mid-2018 Au Production • Forecast production of 40-50k oz. Au per year for 10 years • Average LOM diluted grade 7.2g/t (underground only) • Low capex – Forecast C$25 –C$30 million • Low AISC (<US$1000/oz), Low C1 cash costs (<US$800/oz) • High NPV (~C$130 mln) and IRR (>40%)

KEY INFRASTRUCTURE IN PLACE

• 1,000 tpd mill • Access portal and decline - 7,000 m of underground

development

RESOURCE EXPANSION / EXPLORATION

POTENTIAL

• Measured & Indicated - 208,600 oz grading 5.93g/t (PL) • Inferred – 412,000 oz grading 6.01g/t (PL) • PL and Nokomis Deposits still open to expansion • Excellent “Discovery Potential” on Mine Property and Regionally

INVESTOR ALIGNMENT • Significant insider ownership - aligned with shareholders • Focused on profit and shareholder returns

1) See July 2014 PEA. To be updated upon completion of the Feasibility Study August 2017 2) Assumes US$1200 /oz Au and C$:US$ 0.76

Exceptional Value Proposition Feasibility Study Underway - Producion

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MANAGEMENT AND BOARD DEVELOPMENT (OWNERS) TEAM

Gorden Glenn - Chairman, President & CEO Over 25 years industry experience in finance as Investment Banking/Mining Analyst and including 9 years as a geologist.

GEOLOGY - Chris Burchanan, MSc., P. Geo Senior structural geologist with 20 years of experience specialized in structural controls and alteration assemblages of gold systems.

James D. A. White - Director Mr. White is the Managing Partner of Baynes & White, a Toronto-based pension and benefits actuarial consulting firm.

MINING ENGINEERING/PROJECT MANAGEMENT - Malcolm K. Buck, P.Eng., M. Eng. Senior mining engineer with over 30 years experience in project evaluation, implementation and operations.

Brian Robertson - P.Eng., Director Over 30 years experience in corporate management, exploration programs, project management, mine permitting, construction, development and operation as well as the evaluations or corporate acquisitions.

Brian C. LeBlanc, P.Eng. Senior mining engineer with over 35 years experience in operations, including; mine design, planning, cost control, major engineering projects, training and change implementation, geotechnical engineering and safety.

Chris Irwin - LL.M., Interim CFO, Director Mr. Irwin is President of Irwin Professional Corporation, a corporation providing legal services mainly to the natural resource sector.

Curtis Clarke, P.Eng. Senior mining engineer with over 30 years experience in project management, underground and open pit mining operations, equipment evaluation/procurement specialist.

“WISE MINERS” - A Century of Exploration, Development, Operations, Finance and Investment Experience

Management and Directors Aligned and Focused on Shareholder Returns

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MCI:TSXV

Capital Structure (Share data and cash position as of March 31, 2017)

Symbol TSXV: MCI | AGRDF: OTC Pink

Shares Outstanding 28,347,192

Warrants & Options

Options average price $0.64

Warrants average price $0.81

DSU/RSU average price $0.85

6,364,409

2,805,000

3,559,409

1,800,000

Fully Diluted 36,511,601

Market Capitalization (recent price C$0.75/sh)

~$21.5 million

Cash and Equivalents ITM Warrants ITM Options

~$1,000,000 ~$100,000 ~$850,000

Debt ~$1,000,000

Management and Director Ownership

9% basic 14% fully diluted

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Well Structured, Significant Insider

Ownership

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PL Mine

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PL Mine Located in Flin Flon – Snow Lake Gold and Base Metal District

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• 7000 m of existing underground development

• In-fill drilling programs in support of new reserve and resource estimates

• Update mine plan focused on minimizing dilution (from 2m minimum mining width to 1.5m)

• Planned underground bulk sample and test mining

Significant Underground Development = On Ore Immediately, Reduced Capex

PL Deposit Mine Plan 2m minimum mining width, 4g/t cut-off = 460,000 oz Au

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PL and Nokomis Deposits: Independent* NI 43-101 Mineral Resource Estimates

• Measured & Indicated Resource of 327,900 oz Au

• Inferred Resource of 438,600 oz Au

Both PL and Nokomis deposits are open down dip + along strike

Deposit Cut-off Grade (Au g/t) Resource Category Tonnes (t) Au Grade (g/t) Au Ounces

Open Pit Mineral Resources

PL Deposit In Pit 0.6g/t Measured 123,000 4.41 17,400

0.6g/t Indicated 445,000 4.40 63,000

Nokomis Deposit 0.6g/t Indicated 371,000 3.41 40,700

Total PL and Nokomis In Pit 0.6g/t Measured & Indicated 939,000 4.01 121,100

PL Deposit In Pit 0.6g/t Inferred 45,000 4.87 7,000

Nokomis Deposit 0.6g/t Inferred 247,000 2.41 19,100

Total PL and Nokomis In Pit 0.6g/t Inferred 292,000 2.78 26,100

Shallow Underground Mineral Resources

PL Deposit Underground 2.5g/t Measured 27,000 5.12 4,500

2.5g/t Indicated 1,057,000 5.95 202,300

Total PL Underground 2.5g/t Measured & Indicated 1,084,000 5.93 206,800

PL Deposit Underground 2.5g/t Inferred 2,135,000 6.01 412,500

Total In Pit and Shallow Underground Mineral Resources

Total In Pit and Underground 0.6/2.5g/t Measured & Indicated 2,023,000 5.04 327,900

Total In Pit and Underground 0.6/2.5g/t Inferred 2,427,000 5.62 438,600

• By Mr. Eugene Puritch, P.Eng. of P&E Mining Consultants Inc. and Mr. Leon McGarry, B.Sc., P.Geo., of A.C.A. Howe International Limited. of Toronto, Ontario. Mr. Puritch and Mr. McGarry are Independent Qualified Persons as defined under NI 43-101 regulations.

• See April 17, 2014 press release for notes on PL and Nokomis deposits resource estimates •To be updated summer 2017

PL and Nokomis Gold Deposits Demonstrated Expansion Potential

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10,000 meter drill program was initiated in January 2017

• 50 diamond drill holes

• Positive results with multiple high grade gold intercepts over mineable widths

PL Gold Deposit Resource Update Underway

PL Gold Deposit Positive Drill Results Resource Expansion and Upgrade

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Hole Location Azimuth

/Incl.

From (m) To (m) Length1

(m)

Au gpt

M-17-04 373349E/6100641N 0/-90 110.00 112.00 2.00 9.29

M-17-05 373293E/6100630N 0/-90 77.00 81.00 4.00 5.19

M-17-06 373169E/6100678N 0/-90 57.65 59.30 1.65 9.39

M-17-07 373245E/6100650N 0/-90 58.65 59.30 0.65 23.28

M-17-09 373199E/6100617N 0/-90 51.50 54.00 2.50 10.88

M-17-10 373212E/6100603N 0/-90 23.00 25.00 2.00 5.47

M-17-11 373220E/6100573N 0/-90 12.30 15.85 3.55 20.23

35.82 36.15 0.33 17.67

62.40 63.95 1.55 6.45

74.85 75.26 0.41 16.61

M-17-12 373250E/6100578N 0/-90 29.00 33.00 4.00 8.79

65.00 68.00 3.00 9.66

M-17-13 373540E/6100725N 0/-90 245.00 246.00 1.00 6.30

M-17-14 373190E/6100630N 0/-90 38.10 46.65 8.55 10.98

M-17-16 373155E/6100700N 0/-90 58.00 60.00 2.00 10.67

84.00 87.25 3.25 5.75

M-17-17 373262E/6100575N 0/-90 63.00 68.00 5.00 16.38

M-17-18 373580E/6100745N 0/-90 166.00 168.00 2.00 5.09

M-17-19 373290E/6100605N 0/-90 89.22 92.00 2.78 37.35

122.00 125.00 3.00 34.34

M-17-20 373283E/6100679N 0/-90 125.00 130.00 5.00 8.60

84.00 87.25 3.25 5.75

M-17-21 373540E/6100725N 0/-90 275.00 279.00 4.00 6.22

M-17-23 373220E/6100695N 0/-90 107.00 112.00 5.00 15.79

M-17-24 373220E/6100720N 0/-90 124.00 125.00 1.00 6.63

2017 PL Deposit Infill/Expansion

Existing underground workings

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

1981 1985 1986 1987 1988 1993 2011 2014

Measured Ounces

Indicated Ounces

M+I Ounces

Inferred Ounces

M+I Grade

Inferred GradeR

eso

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e O

un

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Gra

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MCI:TSXV

PL Deposit Global Resource

Steady Resource Expansion 8 Positive Resource Calculations over 30+ years

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Year 1981 1985 1986 1987 1988 1993 2011 2014

Resouce EstimateM avrick P ioneer P ioneer

Kilborn

Feasibility S tudyP ioneer

Kilborn Re-S tart

Feasibility S tudy

M innova

(underground

only)

M innova

(underground

only)

Holes 30 59 213 213 473 473 496 563

M+I (oz) 124,839 684,188 330,947 141,980 206,668

Inferred (oz) 105,693 133,009 178,997 57,946 313,078 203,213 548,286 412,584

Total 105,693 133,009 178,997 182,785 997,266 534,160 690,266 619,252

More Drilling leads to Resource Conversion and Expansion

MCI:TSXV

Regional Infrastructure

• All weather access

• Railroad

• Regional airport

• Grid electricity

• Water

• All mining and processing support services

Underground Development

• Access portal/decline

• 7000 m underground development

1000 tpd mill

• Crusher

• Fine Ore bin (3 Compartment)

• Ball Mill

• Rod Mill

• Floatation tanks

• Leach Tanks

• CIL

• Gold furnace

• Laboratory

• Office

PL Mine Infrastructure In Place

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The Right Geology, Structure and Geophysics

• Numerous untested, airborne VTEM anomalies on property and regionally

• New interpretation of the Puffy fold has fold strike potential of over 3 km

• Historic drilling only tested targeted structures /stratigraphy at very shallow depths, well up dip from the top of the conductor • PUF 119 intersected 1 m grading 34g/t

at ~115m vertical • First hole of 2017 drill program • Awaiting assay results on this NEW

Discovery • 2011 MCI drill hole tested down dip projection

of BIF intersecting 23.7g/t over 0.5 m at ~250m vertical • Priority target for follow-up drilling in

2017

PL Deposit

Airborne VTEM

Structural Lineament Study

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Significant Property Wide and Regional Exploration Potential

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Commercial Equipment Selection Criteria Proven mechanized mining

• Alimak stope development

Small size (Alimak, ULP/XLP) equipment to achieve:

• minimal mine openings

• targeted narrow stope heights

• safely and efficiently in moving ore out of the stope

Electric/battery powered to:

• capitalize on Manitoba’s low industrial power costs

Proven operational performance:

• emphasis on equipment used in comparable shallow dipping-narrow vein mine settings

Other considerations:

• maintenance and safety factors

• operate remotely/autonomously

Small, Mechanized Narrow Vein Development - Shallow Dip Mining is Feasible 15

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Creating a Modern Mine with Proven, Narrow-Vein, Mining Equipment

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Future Exploration and Development Plans

Exploration and Infill Drilling Program Resource Conversion and Expansion

• PL and Nokomis deposits still open down dip/on strike Test Regional Exploration Potential

• Initially target mine area exploration targets • Numerous structural and geophysical targets remain untested • Historic data review /compilation highlights untested potential • Belt has not been extensively explored for gold and exploration focus will expand

Development Feasibility Study Underway - Fall 2017 completion date

• Upgrade resource to Measured and indicated (0 to -150m) • Target Reduced Mining Widths to Achieve Higher Mill Head Grade • Current mine plan forecasts a diluted mill head of 7.2 g/t based on conservative 2 m

minimum mining width • Feasibility Study in support of re-start with initial underground test mining and bulk

sampling program targeted for fall 2017 • Targeting use of proven ULP and XLP equipment to potential reduce diluted mining widths

to between 1 and 1.5 m • NEW metallurgy test work to optimize gravity circuit and overall process flow sheet –

targeting increased gold recoveries of over 90%

Any of the Above Initiatives can Support Significant Value Appreciation

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Value Proposition

• Increasing Gold Resource Size and Production Profile leads to High Market Valuation

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Klondex Mines

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Wesdome

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Royal Nickel

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Metanore Minnova1

Galane

Integra

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$0 $100 $200 $300 $400 $500 $600 $700 $800

Market Capitalization (C$mm)

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1) PL Mine production forecast ~45,000 oz per annum Source; company and analyst reports

Investment Highlights

• Permitted to re-start underground mining operations

• Ragged TMF to be listed on Schedule 2 of MMER

• Near-term gold production, with excellent exploration upside

• Major infrastructure already in place

• 1,000 tpd mill, ancillary facilities, Access ramp and 7,000 m of underground workings

• All weather road access, grid power, railway

• M+I Rsc 327,900 oz Au and Inf Rsc of 438,600 oz - still open to expansion

• Production rate from underground operation at 600 tpd grading over 7g/t

• Average annual production of over 43,000 ounces of gold

• Mine life 10 years, producing over 400,000 ounces of gold

A lower risk VALUE PROPOSITION with Exceptional Opportunities to Optimize the Development Plan and Expand Gold Resource

Upcoming Milestones and Catalysts

Reduce minimum mining width to <1.5 m

Drill – exploration and expansion targeting >1 m oz

Maximize +70% Gold recovery from gravity

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Gorden Glenn, Chairman, President & CEO Tel: +1 647 985 2785 gglenn@minnovacorp.ca 365 Bay Street, Suite 400, Toronto, Ontario M5H 2V1 www.minnovacorp.ca

Contact Us

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Appendix

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Check out the following links to see how proven mechanized equipment paired with innovation will change the way we can mine narrow vein deposits safely and efficiently

Alimak/Raise Climber Stope Development https://www.youtube.com/watch?v=oMD1mmrWbWc Dok-Ing XLP Reef Dozer https://www.youtube.com/watch?v=hhmV1c8JSx8 Brokk equipment https://www.youtube.com/watch?v=ALaH4JCyTuc CMTI mini- robotic dozers http://www.miningweekly.com/article/sibanye-displays-new-mining-machine-at-joburg-indaba-2015-10-14 http://www.cmti.co.za/MM-MT1000.htm

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Optimization with Proven and Commercial Equipment

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Mining Method (Conventional)

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• Alimak Stope Development combined with proven Jackleg drill and Slusher/Scaper

• Targeting narrow vein mining - Focus on GRADE over TONNES

• Ultra and Extra-Low Profile (ULP/XLP) mining equipment to achieve minimal mine development and targeted narrow stope heights

Remote and Autonomous controls

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Mining Equipment Fleet Selection ULP Ore Mucking and Handling

Small Size 1.2m w x 1.8m h

• Small scale electric/hydraulic mining/drilling equipment is replacing old single jackleg drills

• Electric/hydraulic equipment can perform drilling and excavation duties

• Greatly improves mine safety

• Remote and autonomous controls

Drift and Stope Drilling and Mucking

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Mining Equipment Fleet Selection Drilling and Mucking

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Innovative Thinking to re-start the PL Mine – NOT your average mining company

• Re-starting a past producing, shallow dipping, narrow vein mine requires Innovative Thinking

• Innovative new drilling-blasting-mucking technologies

• Innovative new reef boring, slot/raise boring techniques

• Minnova is committed to employing the state of the art equipment and technology to re-start the PL Mine

• We are working with global leaders in equipment manufacturing and innovation to unlock the value of the PL Mine for our stakeholders

• Attractive capital structure with ~28 million shares outstanding

• Low relative EV/oz of gold at <US$20/resource ounce

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Innovative Thinking