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WAWA-HOLDSWORTH PROJECTGold exploitation in the Wawa Gold Camp, Ontario, Canada

March 2018

SAFE HARBOUR STATEMENT

The information set forth in this document contains “forward-looking statements”. Statements in this document, which are

not purely historical, are forward-looking and include statements regarding beliefs, plans, expectations or intentions

regarding the future.

Except for the historical information presented herein, matters discussed in this document contain forward-looking

statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any

future results, performance or achievements expressed or implied by such statements. Statements that are not historical

facts, including statements that are preceded by, followed by, or that include such words as “estimate,” “anticipate,”

“believe,” “plan”, “intend”, “expect”, “may” or “should” or similar statements are forward-looking statements. Risks and

uncertainties for the company include, but are not limited to, the risks associated with the impact of general economic

conditions in countries in which the Company conducts business, the impact of competitive products and pricing, product

demand and market acceptance, new product development, the continuation and development of key customer and

supplier relationships, and the availability of high quality, qualified personnel and management.

Other risks include but are not limited to factors affecting development and expansion activities generally including access

to capital to meet all of the Company’s financial requirements, and the Company’s ability to control costs. There can be no

assurance that the company’s efforts will succeed and the Company will ultimately achieve sustained commercial success.

These forward looking statements are made as of the date of this document, and the Company assumes no obligation to

update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the

forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained

in this document are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be

accurate.

This information contained in the document has been prepared by management of the company who takes full

responsibility for its contents. This document shall not constitute an offer to sell or the solicitation of an offer to buy any

securities of the Company in any jurisdiction.

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WHY INVEST IN MACDONALD MINES?

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QUICK TO PRODUCTION

NEAR-TERM PRECIOUS METALS

EXPLOITATION OF OXIDE SANDS AT

WAWA-HOLDSWORTH PROJECT WILL

PROVIDE CASH FLOW

POTENTIAL FOR A LARGE GOLD

SYSTEM AT THE WAWA-HOLDSWORTH

PROJECT

DISTRICT PLAYER IN THE WAWA GOLD

CAMP

CAPITAL STRUCTURE

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BMK: TSX-V

Market capitalization $7.1 M

Common shares outstanding 89.3 M

Warrants 33.1 M

Options 3.8 M

Fully diluted shares 126.2 M

Working Capital $1 M

Recent share price (March 1, 2018) $0.08

52-week high-low $0.275 - $0.065

IMPORTANT DISTRICT PLAYER

IN THE WAWA GOLD CAMP – EXCELLENT JURISDICTION IN ONTARIO, CANADA

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WAWA-HOLDSWORTH LAND PACKAGE

• 100% ownership

• 1142 acres

• 20 km NE of Wawa, Ontario, in

Corbiere and Esquega Townships

• Close to key infrastructure (rail,

road, power, qualified workforce)

• Easily accessed by public road and

short ATV ride

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PROPERTY GEOLOGY

ALL THE GEOLOGICAL ATTRIBUTES TO HOST A LARGE GOLD SYSTEM – 500 M DEFORMATION CORRIDOR TO TRAP GOLD (IRON FORMATION, MAFIC VOLCANIC ROCKS, GABBROIC INTRUSIONS)

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HOLDSWORTH GOLD ZONES

THREE STYLES OF GOLD MINERALIZATION WITHIN THE 500 M-WIDE DEFORMATION CORRIDOR

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Gold-bearing, Pyritized Iron Formation

And Oxide Sands Zones

Soocana Vein System

(Lode gold)

Golden Goose Shear Zone

(Lode gold – BMK discovery)Gold-bearing, Pyritized Iron Formation with

possible Oxide Sands Zones

HOLDSWORTH GOLD ZONES

• Primary gold, silver and other precious

metals target for near term production

• Oxidized cap of a precious metals-rich

shear zone

• Likely extend 1.8 km along strike and

to a depth of 8 m as indicated by

MaxMin Survey (July 6, 2017 News

Release)

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OXIDE SANDS

OXIDE SANDS

• Trenching uncovered high-grade precious metals zones - assays up to 8.93

g/t AuEq

• Sonic drilling program completed to quantify the thickness and vertical

distribution of the precious metals – Preliminary assays up to 7.82g/t AuEq

over 3.23 m

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Oxide Sands

Overburden

OXIDE SANDS PROCESSING

• Loose, unconsolidated material can be extracted

as an aggregate

• Positive preliminary metallurgical results:

﹣The concentration ratio of gold in rougher flotation

averaged 6.0:1

﹣The concentration ratio of silver in rougher flotation

averaged 5.2:1

﹣Reduction of feed volume in rougher flotation by

approximately 85-90%

﹣The Oxide Sands can be processed by a simple

crushing/flotation process

﹣No caustic treatments are necessary

﹣The processing will require low power requirements

﹣The waste material is inert (>70 percent

silica/quartz)

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Shear Zone

HOLDSWORTH GOLD ZONES

• Underlies the Oxide Sands

• Believed to be the source of the Oxide Sands

• Gold Potential as evidenced by historic drilling:

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AURIFEROUS AND SULPHIDE-RICH SHEAR ZONE

Company Hole No From (m)To (m)

Length (m)*

Grade (g/t gold)

Reed Lake Exploration Ltd.

88-R23 119.2 121.33 2.13 1.06

88-R26 25.9 32 6.1 1.23

88-R26 35 37.1 2.1 1.4

88-R27 42.4 48.2 5.8 1.13

Falconbridge Nickel Mines

Ltd

OR-5 89.5 92 2.5 2.26

HOLDSWORTH GOLD ZONES

GOLDEN GOOSE DISCOVERY • Grab samples contain

11.85 g/t and 2.98 g/t gold*

SOOCANA VEIN SYSTEM • Grab sample from quartz-tourmaline

vein contains

34.9 g/t gold*

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LODE GOLD MINERALIZATION

*Grab samples are selective and may not represent

the true mineralization of the prospect

REED BOOTH SHOWING

• Adjacent to showing, collected

grab sample* contains

13.7 g/t gold

• Grab samples* containing

4.77 g/t and 6.0 g/t gold

collected from float at the main

Reed-Booth showing

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*Grab samples are selective and may not

represent the true mineralization of the

prospect

UPCOMING CATALYSTS

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ASSAYS FROM REMAINING SONIC DRILL

HOLES FROM FALL 2017 CAMPAIGN

43-101 INFERRED RESOURCE ESTIMATION

OF OXIDE SANDS

WHY INVEST IN MACDONALD MINES?

The Company’s near-term

exploration program is focused on

the Oxide Sands

The Wawa-Holdsworth Project

has the potential to host a large

gold system:

• Many gold showings with diversified

mineralization styles occur in a 500

metre-wide deformation corridor

• The geological setting and size of the

deformation zone is comparable to

Alamos Gold’s Island Gold deposit and

Argonaut’s Magino deposit (together > 5

million ounces gold)

• There is longer term potential associated

with the lode gold mineralization on the

property

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The Project is ideally positioned for

exploitation - roads, rail, regional

airport, high voltage power lines,

and water are in close proximity

MacDonald Mines has the technical

expertise, experience and tools to

successfully develop the property

PROVEN TEAM

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QUENTIN YARIE, P.Geo.

President and CEO

Geophysicist with > 25 years mineral

exploration experience; involved in

Malartic Mine discovery;

Noront’s Nickel Deposit discovery;

KWG Chromite deposit discovery

CRAIG SCHERBA, P.Geo.

VP Exploration

Nevsun Resources’ Bisha Project

discovery; NextSource Materials’

Molo Graphite Project discovery

JEAN-FRANÇOIS MONTREUIL,

Ph.D.

Chief Geologist

>8 years of experience defining complex

hydrothermal systems related to base-

metals, gold and uranium deposits in

Canada

CONRAD DIX, B.Sc.

Senior Project Manager

>20 years multifaceted mineral

exploration expertise Glencore-

Raglan

BOARD OF DIRECTORS

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TARA GILFILLAN, CPA, ICD.DFinance executive and entrepreneur

with > 20 years experience in

mining sector; President at Optimize

Group.

QUENTIN YARIE, P.Geo.Geophycisist with >25 years experience

in mineral exploration. Involved in

Malartic Mine discovery;

Noront’s Nickel Deposit discovery;

KWG Chromite deposit discovery.

GORDON MCKINNONSuccessful businessman;

President, CEO and Director of

Canadian Orebodies Inc.

KEVIN TANAS, P.Eng.>20 years experience in mine

technical study and review,

financial modelling and

technology planning; Principal,

Metals and Mining Consulting at

Wood Mackenzie.

TECHNICAL ADVISORY COMMITTEE

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MACKENZIE WATSON, P.Geo. P.Eng.> 50 years experience in the exploration, development, and

mining industry; involved in the discovery of numerous

mineral deposits in Canada; Mining Hall of Fame inductee.

DR. JAMES FRANKLIN, FRSC, P.Geo.World renowned researcher with >40 years expertise in

gold deposits; former Director of the Geological Survey of

Canada; past President of both the Geological Association

of Canada and the Society of Economic Geologists.

DR. JEAN-PHILIPPE DESROCHERS, P.Geo.>20 years experience in mineral exploration; former VP

Exploration at Eagle Hill; Osisko Mining Windfall discovery.

HADYN BUTLER, Ph.D., P.Eng.>50 years experience with proven success

in mineral exploration.

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Mia Boiridy

Investor Relations

mboiridy@macdonaldmines.com

145 Wellington Street West, Suite 1001

Toronto, Ontario, Canada M5J 1H8

T: 1 416 364-4986

F: 1 416 364-2753

www.macdonaldmines.com

APPENDIX A

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EM SURVEY OF THE OXIDE SANDS