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Curis Resources Ltd. Changing the Way Copper is Made October 2013 SWVP-023361 SWVP-0631

Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

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Page 1: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Curis Resources Ltd. Changing the Way Copper is Made

October 2013

SWVP-023361

SWVP-0631

Page 2: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Why Choose Curis as an Investment Opportunity?

Copper is essentially the nervous system of modern society and can be found in everything we touch and use

Our goal as a company is to be the lowest cost and most progressive, sustainable and innovative copper mining company in the world

We believe in creating value – for our investors, for our employees and for the communities in which we operate

2

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Page 3: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Florence Copper is a Near Term Copper Producer

Advanced stage in-situ copper recovery (ISCR) development project in centre of Historic Arizona “Copper Corridor”

Lowest quartile projected capital and operating costs

All major power, transportation, road and rail infrastructure in place

Curis is 100% owner of 1,342-acre private patented and lease (160 acres) land package

Majority of Phase I operating permits in place and amending existing commercial operating permits for near term production

Over $100 million spent on project by former owners Conoco, Magma and BHP Copper Inc.

Prefeasibility and successful pilot test confirming project safety and economics by BHP Copper in 1998

3

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Page 4: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Florence Deposit Mineral Reserves and Resources

4

All Oxide in Bedrock

Class Millions tons %TCu Grade Million lb Copper

Reserves Probable 340 0.36 2,420

Resources

Measured 296 0.35 2,100

Indicated 133 0.28 741

M + I 429 0.33 2,841

Inferred 63 0.27 496

Based on 577,317 feet of drilling in 502 holes Mineral Reserves and Mineral Resources at a 0.05% TCu cutoff QP for the 2011 resource estimate is Russell White, RM-SME, RG QP for the 2013 reserve estimate is Michael Young, RM-SME, Haley & Aldrich Mineral reserves are contained within the measured and indicated mineral resources. Mineral resources that are not mineral

reserves do not have demonstrated economic viability

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Page 5: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Florence Copper Projected Commercial Production Profile

Base Case Capital and Operating Costs and Expected Annual Production of Copper Cathode

Initial capital cost of US $208 million

Payback of capital 2.6 years (pre-tax)

Cash operating cost of US $0.80/pound

Total estimated operating cost of US $1.11/pound

27,500 tons/55 million pounds average annual production (years 1–6)

42,000 tons/85 million pounds average annual production (years 7–21)

Long mine life of 25 years

5

Base case uses 70% copper recovery Source: March 2013 Prefeasibility Study independent qualified persons include Richard Zimmerman, RM-SME, M3 Engineering & Technology Corp.

(U.S.), Terrence McNulty, PhD, PE, TP McNulty and Associates, Michael Young, RM-SME, Haley & Aldrich, Corolla Hoag, CPG, RM-SME, of SRK Consulting, Dennis Tucker, PE, ARCADIS and Richard Frechette, PE, Knight Piésold

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Page 6: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Florence Copper has Robust Economics

US $727 million pre-tax NPV and 36% Internal Rate of Return (IRR) @ a 7.5% discount rate and US $2.75/lb Cu

Net Present Value (NPV) Analysis

Copper price US$/lb Pre-tax NPV / IRR Post-tax NPV / IRR

$3.00 US $849 Million / 38% US $585 Million / 31%

$2.75 US $727 Million / 36% US $503 Million / 29%

6

Source: NI 43-101 Prefeasibility Study for the Florence Project, March 2013

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Page 7: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Curis Peer Benchmarking – Initial Capital Costs / Project Pre-Tax NPV

7

At an initial capital cost to pre-tax NPV ratio of 26%, Curis has the lowest ratio versus its base metal developers peer group

26%

0%

50%

100%

150%

200%

250%

300%C

uris

Augu

sta

Han

a

Qua

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WR

N

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in

Cop

per F

ox

Init

ial C

apit

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osts

/ P

re-T

ax N

PV8%

Average: 169%

635%

(3)

(1)

(2)

(1)

(2)

(4)

(2)

(1)

(1)

(2)

(4)

(1)

(2)

(OP

& U

G S

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rio)

Note: Based on each company’s most recent NI43-101 Technical Reports & disclosure within most recent corporate presentations Note: Average excludes Curis (1) Base case Cu price range of $2.50 - $2.99/lb (2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the Ann Mason Project, respectively

Source: National Bank Financial Markets

SWVP-023367

Page 8: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Curis Peer Benchmarking – Initial Capital Costs

8

At US $208 million, Curis has the lowest estimated initial capital cost requirement versus its base metal developers peer group

Average: $1,181MM

Note: Based on each company’s most recent NI43-101 Technical Reports & disclosure within most recent corporate presentations Note: Average excludes Curis (1) Quaterra & Entree based on the MacArthur Project & the Ann Mason Project, respectively

(OP

& U

G S

cena

rio)

Source: National Bank Financial Markets

$208.0

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500C

uris

Qua

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Chi

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Init

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)

(1)

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Page 9: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Jobs, Taxes and Economic Activity from Florence Copper

9

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Page 10: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Development of Florence Copper

Phase 1 Development Program 24 well injection and recovery system

State of the art Solvent Extraction / Electrowinning (SX/EW) facility

Will operate for 18 months

Construction scheduled to begin in early 2014

Capital cost estimated at $35 million

Phase 2 Commercial Operations Commercial scale injection and recovery

well field

Expanded SX/EW facility capable

Permitting to be completed in 2015

Start of full commercial operations in 2017

Life of project is 25 years

Estimated Initial Capital Cost is US $208 million

10

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Page 11: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

ISR is a low cost environmentally sound process of extracting minerals

Very low comparable capital and operating costs

Used extensively for decades around the world for recovering metals and salts

30% of world wide and 90% of current U.S. U3O8 production utilizes ISR technology

Currently 26 known U3O8 and Copper ISR projects in operation or under development globally

11

In-Situ Recovery – Well Understood, Proven Technology

Example of an operating ISR Project in Wyoming, USA

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Page 12: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Florence Project In-Situ Recovery Process

12

Injection and recovery wells are drilled deep into the bedrock where the oxide copper mineralization is

Wells are concrete encased and sealed to protect water quality

Low pH solution, similar in strength to household vinegar or lemon juice, is pumped under low pressure through the injection wells to gently dissolve the copper

Copper rich solution is pumped to surface through recovery wells for processing into pure copper cathode sheets

Perimeter and observation wells are monitored continuously to ensure hydraulic control of fluids is maintained at all times and water quality is protected

In-situ recovery well field arrangement

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Page 13: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Recent Drill Core Intersections – Florence Deposit

13

The high frequency of prolific fracture patterns and densities observed during the most recent drilling program further confirm that the Florence copper oxide deposit represents the ideal conditions for in-situ recovery of copper

The porous nature of the deposit creates significant hydraulic communication across geologic structures and rock types throughout the oxide deposit

Average copper grade in recent three drill holes was 0.47% CuT; this compares favorably with calculated model grades of 0.43% CuT (see August 16, 2011 Curis Press Release)

Photos of recent PQ and HQ size core obtained from Florence Deposit

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Page 14: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Protecting Groundwater Quality

14

SWVP-023374

Page 15: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Conceptual Florence Project Plant Design

15

SX/EW technology has been in use for 40 + years worldwide

Virtually zero air emissions and fully enclosed process

Production of pure copper cathode significantly lowers treatment and transportation costs

Florence Project Solvent Extraction / Electrowinning Plant Layout

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Page 16: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

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Infrastructure, Water and Land

Florence Copper is well served by on-site infrastructure and water rights

POWER New 500 kV powerline that traverses

western boundary of Curis property 125 kV powerline on site Low power costs

INFRASTRUCTURE

Copper Basin Railway that connects directly to Asarco Hayden Smelter, traverses northern boundary of property

Hunt highway (County) adjacent to property

Natural gas line traverses property

WATER All water rights in place for commercial

operations

LAND 100% owned 1,182-acre private patented

land. 160 acre State Mineral Lease held by Curis

100% owned mineral rights to Florence Copper Deposit

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Page 17: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

BHP Production Test Results (1998)

17

BHP Copper undertook an ISCR production test at Florence in 1998. Results from the test included the following:

Extensively fractured bedrock, confirmed that chrysocolla mineralization and saturated nature of deposit make it ideal for ISCR extraction

Confirmed ability to maintain full “hydraulic control” of solutions in ground

Confirmed environmental safety of full life cycle of operations including closure

Demonstrated ability to protect water quality during and after operations (14 years of subsequent water quality monitoring confirm process is safe)

Photo of existing ISCR well field at Florence Site

ISCR well field arrangement at Florence Site

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Things are beginning to happen…..

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Page 19: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

SX/EW Plant Crane Installation

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Page 20: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

SX/EW Plant Leach Solution Tanks

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Page 21: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Well Casing for the Phase 1 ISR Well Field

21

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Page 22: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Site Improvements

22

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Page 23: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Curis Permitting Completed Milestones

23

Government Agency Permit/Authorization

Arizona Department of State Land Mineral Lease Agreement Arizona Department of Water Resources

Permit to Withdraw Groundwater for Mineral Extraction & Metallurgical Processing for Commercial Operations

Pinal County Air Quality Control District

Air Quality Permit for Commercial Operations

Pinal County Change of Use Permit Pinal County Sewage Permit Pinal County C.A.P Canal Turn Out Agreement Arizona Department of Environmental Quality (ADEQ) Aquifer Protection Permit for Phase I

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Page 24: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Curis Permitting Expected Milestones

24

Government Agency Permit/ Authorization Status Expected Date

of Completion

United States Environmental Protection Agency (EPA)

Underground Injection Control Permit (UIC)

Commercial operating permit and aquifer exemption was granted to BHP Copper in June 1997

Area wide aquifer exemption permit remains in effect All required documentation for permit amendment was

submitted by Curis in March 2011 All technical issues have been addressed and currently in

final stage of discussions prior to issuance

Final Draft for Public Comment

Q4 2013

Final UIC Issued Following 45 Days

Public Comment Period

Government Agency Permit/ Authorization Status Expected Date

of Completion

Arizona Department of Environmental Quality (ADEQ)

Aquifer Protection Permit (APP)

Commercial operating permit was granted to BHP Copper in January 1997

Significant amendment of existing APP is required prior to start of commercial operations (Phase II)

Majority of required documentation has been submitted to ADEQ and is currently under review

2015

United States Environmental Protection Agency (EPA)

Underground Injection Control Permit (UIC)

Commercial operating permit and aquifer exemption was granted to BHP Copper in June 1997

Area wide aquifer exemption determination remains in effect Permit amendment, update and transfer to Curis request is

now under review

2015

Phase I Operations

Phase II Operations

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Share Capitalization, Financial Position, and Analyst Coverage

25

Share Structure

Basic Shares Outstanding 63.1 million

Fully Diluted 68.1 million

HDI, Insider & Management Ownership 21%

Stock Performance $CAD Symbol TSX - CUV

52 Week Low | High $0.58 | $1.29

Recent Price $0.65

Market Capitalization $41 million

Cash on Hand & Committed Funds $22 million

(As at Sept 26th, 2013)

Analyst Coverage

Raymond Goldie Salman Partners Inc.

Steve Parsons National Bank Financial

Matt O’ Keefe Mackie Research Capital Corporation

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Page 26: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Near Term Catalyst Opportunities

26

Receive Phase I EPA Underground Injection Control (UIC) Permit

Start of Phase I construction Phase I plant commissioning and first copper cathode production

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Page 27: Curis Resources Ltd....(2) Base case Cu price range of $3.00 - $3.49/lb (3) Base case Cu price range of $3.50 - $4.00/lb (4) Quaterra & Entree based on the MacArthur Project & the

Curis Management and Directors

27

Russell Hallbauer (Co-Chairman) Russell Hallbauer has more than 30 years of senior experience in the mining industry, is a Registered Professional Engineer and CEO of Taseko Mines Limited. He is also a director and former Chairman of the Mining Association of B.C. David Copeland (Co-Chairman) Dave Copeland is a geological engineer with thirty years’ experience in advancing mineral projects through feasibility, permitting, engineering design and initial development phases. Michael McPhie (President and CEO) Michael McPhie is a senior mining executive with more than 20 years of financial, operational and project development experience. He has worked internationally with a number of major and junior mining companies, was formerly the CEO of the Mining Association of BC and a senior director with the Government of Canada. He holds Bachelor and Master of Science degrees and is a Qualified Environmental Professional (QEP). Michael serves on several private and public company boards and is currently Chair of the Board of the Association for Mineral Exploration of British Columbia (AMEBC). Brian Causey (Chief Financial Officer) Brian Causey has more than 20 years experience in financial and operations management, with particular emphasis on equipment and project finance, taxation, and operational management in private and public companies. Prior to joining HDI, Mr. Causey was a partner of KPMG LLP.

Trevor Thomas (Secretary) Trevor Thomas has practiced in the areas of corporate commercial, corporate finance, securities and mining law since 1995, both in private practice and in-house positions. Previously, Mr. Thomas served as in-house legal counsel to Placer Dome Inc. Robert Schafer (Director) Robert Schafer is a Certified Professional Geologist with advanced degrees in geology and mineral economics who has worked internationally with major and junior mining companies including Kinross Gold Corporation, BHP Billiton. James Kerr (Director) James Kerr is a CA with extensive experience in public practice, and actively involved with audit committees of mining and energy companies, providing advice on accounting and compliance issues based on a risk assessment approach. Rene Carrier (Director) Rene Carrier is a past Vice-President of Pacific International Securities Inc. and a director of a number of public companies. Gordon Fretwell (Director) Gordon Fretwell holds Bachelor of Commerce and Bachelor of Law degrees. Formerly a partner in a large law firm, he has been a self-employed solicitor since 1991 practicing primarily in the areas of corporate and securities law.

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Florence Project Management and Senior Advisors

28

Dan Johnson BSc, MSc, PE Vice President, Environmental & Technical Services and General Manager Dan Johnson is a native Arizonan with a career spanning over 23 years of environmental management, hydrological engineering and project management experience in the state’s mining industry. He is a graduate of the University of Arizona, and is a registered Geologist, Hydrologist, and Professional Engineer.

Rita P. Maguire MBA, JD Executive Vice President and General Counsel Rita Maguire is a recognized expert on western water policy. She holds three degrees from Arizona State University: a Bachelor of Science, a Masters in Business Administration, and a Juris Doctorate. Her career highlights include founding Maguire & Pearce PLLC, founding President of the Arizona Center for Public Policy, Director of the Arizona Department of Water Resources and Deputy Chief of Staff for Governor Fife Symington.

Doug Nicholson BSc, PE Executive Vice President, Project Development, HDI Doug has a career that spans more than 25 years as an executive, senior engineer and project manager. He was most recently CEO of Oracle Mining Corporation, and before that President of the Donlin Creek JV with Nova Gold Resources and Barrick.

Loren H. Locher Director, Communications and Community Affairs Mr. Locher brings more than 15 years of experience in public and government affairs, project management and stakeholder outreach to Florence Copper. He oversees community and public affairs outreach and plays a key role in coordinating Florence Copper’s stakeholder relations program. Locher also leads the development and implementation of Florence Copper’s communication strategies and supplements Curis’ ongoing engagement with local and regional regulatory authorities. Before joining Florence Copper, Locher served as regional director for government affairs and stakeholder outreach at the El Paso Corporation in Houston. During this time, Locher directed government and stakeholder outreach, and focused on legislative activities, political monitoring and relationship building.

Glenn Hoffmeyer BS Met Eng Manager, Metallurgy & Mineral Processing Glenn Hoffmeyer is a native Arizonan and graduate of Michigan Technology University. His careers spans over 20 years of senior level metallurgical and mineral processing engineering in the US copper industry. He has extensive experience in hydrometallurgical operations, process development and project management focused primarily in the south-western United States.

Greg Phillips Process Superintendent Mr. Greg Phillips is a graduate of Eastern Arizona College and has over 14 years of experience in the fields of mineral processing and solvent extraction and electrowinning (SX/EW) plant operations, and comes to Curis from the nearby Carlota Copper operation. In the new role of Process Superintendent, Greg will be responsible for the planning, implementation and supervision of Plant Process and Maintenance and reclamation activities at Florence Copper. Ian Ream BSc Senior Hydrogeologist Ian is a Senior Hydrogeologist with over 12 years experience in a wide variety of projects. Ian started his career in municipal water development and has spent the last 5 years working as a consultant to mining projects with Schlumberger Water Services. At the Florence Copper project Ian is currently responsible for design, procurement, and construction oversight for the PTF wellfield, abandonment of existing core holes, compliance well installation, potable water system development, and other projects relating to irrigation wells on the site.

John Kline BSc, MS Senior Advisor, ISCR Operations John Kline has 25+ years of experience in in-situ recovery operations. He was formally a Chief Metallurgist and Project Manager for Magma Copper and then BHP Copper at both the San Manuel and Florence Copper in-situ recovery projects.

Rebecca Rios BA, MA Senior Advisor, Community & Government Affairs Rebecca Rios is a lifelong Arizonan and former elected official for the Arizona Legislature and Senate. Serving in the Arizona House of Representatives (1995-2000) and the Arizona State Senate (2004-2010), Ms. Rios is a highly regarded and influential spokesperson on environmental and economic development issues in Central Arizona.

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Hunter Dickinson and Curis

29

Global Experience and Reach – More than 25 years of experience successfully discovering, building and operating mining projects

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Cautionary and Forward Looking Statements

30

CAUTION REGARDING FORWARD-LOOKING INFORMATION This presentation includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, test results, exploitation activities and events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These include but are not limited to uncertainties and costs related to the Company’s exploration and development activities, such as those associated with continuity of mineralization, or determining whether mineral resources or reserves exist on a property; uncertainties related to the accuracy of our estimates of mineral reserves, mineral resources; expected production rates, the timing of expected production, the geotechnical or hydrological nature of mineral deposits, and diminishing quantities or grades of mineral resources; uncertainties related to the ability to obtain necessary environmental, land use, and other licenses, permits, approvals, surface rights and title for development projects; uncertainties and delays related to judicial or regulatory proceedings; changes in, and the effects of, laws, regulations and government policies affecting our exploration, development and mining operations, particularly laws, regulations and policies in jurisdictions in which our projects are located, relating to environmental protection and associated compliance costs, land use, effective future tax rates, the protection of the health and safety of mine workers, and mineral rights ownership; changes in general economic, market or business conditions, the financial markets and in the demand and market price for copper, gold, and other minerals and commodities, such as diesel fuel, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing on terms acceptable to the Company; the ability of the Company to achieve fulfillment of all conditions for drawdown under its loan agreement with RK Mine Finance Trust I; the risk of inadequate insurance or inability to obtain insurance to cover all risks associated with the exploration, development or mining of the Company’s projects; the risk of loss of key employees; changes in accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates; environmental issues and liabilities associated with mining including processing ore; and labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate mineral projects or mines, or environmental hazards, industrial accidents or other events or occurrences, including third party interference that interrupt the production of minerals in our mines. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, a more detailed description of the assumptions used to develop the forward-looking statements and the risk factors that may cause actual results to differ materially from forward-looking statements, investors should review the Company's continuous disclosure filings, copies of which are available at www.sedar.com.

CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING RESERVE ESTIMATES The mineral reserves disclosed in this presentation have been estimated in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”), as required by Canadian securities regulatory authorities. The Company is not subject to the reporting requirements of section 13(a) of section 15(d) of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”). However, the Company’s U.S. investors are cautioned that SEC Industry Guide 7 under the Exchange Act, as interpreted by Staff of the SEC, applies different standards in order to classify mineralization as a reserve. As a result, the definitions of proven and probable reserves used in NI 43-101 differ from the definitions in the SEC Industry Guide 7. Under SEC standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Among other things, all necessary permits would be required to be in hand or issuance imminent in order to classify mineralized material as reserves under the SEC standards. Accordingly, mineral reserve estimates contained in this news release may not qualify as “reserves” under SEC standards. In addition, disclosure of “contained ounces” is permitted disclosure under Canadian regulations; however, the SEC only permits Exchange Act reporting companies to report reserves in ounces, and requires reporting of mineralization that does not qualify as reserves as in place tonnage and grade without reference to unit measures.

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Contact Information

Florence Copper Curis Resources Head Office 15th Floor 1040 W. Georgia St. Vancouver, BC Canada V6E 4H1

Investor Services Susie Bell [email protected] TF: 800.667.2114 Ph: 604.684.6365

Florence Office 1575 W. Hunt Hwy. Florence, AZ 85132 Ph: 520.374.3984 Fx: 520.374.3999

SWVP-023391