TSX.V: BHRFrankfurt: 04B

Forward Looking Statement

This presentation may contain, in addition to historical information, forward-looking statements within the meaning of Section

21E of the Securities Exchange Act of 1934 as amended and forward-looking information within the meaning of the Ontario

Securities Act. These forward-looking statements involve known and unknown risks that may cause actual results to be

materially different from those implied herein including, without limitation, risks and uncertainties relating to the interpretation of

drill results and the estimation of mineral resources; the geology, grade and continuity of mineral deposits; the possibility that

future exploration and development results will not be consistent with the Company’s expectations; accidents, equipment

breakdowns, labour disputes or other unanticipated interruptions in exploration and development; the potential for unexpected

expenses; commodity price or currency fluctuations; or failure to obtain adequate financing on a timely basis. Should one or

more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ

materially from those presented in forward-looking statements. Accordingly, you are cautioned not to place undue reliance on

the forward-looking statements made in this presentation and to make reference to the company’s prospectus and technical

report for further information.

The historical resource estimates reported in this presentation are not compliant with NI43-101. The resource estimates are

reported as they exist in the historic records. The company has not done sufficient work to classify the historical resources as

current mineral resources and therefore is not treating the historical resources as current resources.

This presentation has been prepared by the Company, James Robertson, P.Eng., who is the Qualified Person responsible for

the preparation of the scientific and technical information related to the Company’s operations that is included in this

presentation.

Overview

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Blackheath Resources - a company acquiring the top past-

producing tungsten mines of Portugal, currently holds 4 of the

most significant past producers

Management – experienced in tungsten and Portugal through the

ownership and sale of Primary Metals, which held the

Panasqueira tungsten mine in Portugal. Primary Metals started at

$0.15 to a cash sale at $3.65 in 4.5 years.

Tungsten – a strategic metal in demand, top of the critical supply

list in the EU. Current price US $185 per MTU unit (1 MTU = 10kg)

Covas NI 43-101 Resource Report (highest grade open-pit

tungsten project in Europe)

Borralha drill result: 118 metre intersection @ 0.29% WO3 (one of

the best tungsten drill results ever reported)

Overview - Projects

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Covas

449,800 MTUs WO3 indicated mineral resource based on

1,081,000 tonnes at an average grade of 0.42% WO3

767,100 MTUs WO3 inferred mineral resource based on

2,211,000 tonnes at an average grade of 0.35% WO3

Borralha – 118 metres of 0.29% WO3, Portugal’s largest past

producer, significant open pit potential

Bejanca

42% of test mining pits showed values greater than 400

ppm Sn (tin) and,

Showed an average content of 792 ppm Sn, and

Contained an average of 35% fine sand containing 1,551

ppm Sn (1.6kg/t

Vale das Gatas – Underground sample of stockwork totalling 11

metres average 2.09% WO3

Tungsten and its Uses

Hard metals (carbides) 5%

Steel alloys 20%

Mill products (lighting etc) 17%

Source: Roskill 2013

Other 8%

Properties:

• Shiny, white metal

• Forms super hard alloy with carbon

• Extremely high melting point 3,410ºC

• As heavy as gold, density 19.25 g/cc

Uses:

• Cutting and grinding tools (tungsten

carbide)

• Steel alloys and super alloys

• Electrodes, lighting filaments

• Armaments and military uses

3Roskill: 2013

World Mine Production - est.

• World production ~ 73,000 tonnes Tungsten (W)

• ~85% of the world’s tungsten is produced in China

• China dominates the market, now it imports Tungsten

Austria - 1,100

Bolivia - 1,100

Canada - 2,000

China - 62,000

Portugal - 820

Russia - 3,500

Other Countries - 3,000

World Total 73,000

Tonnes of Tungsten (W)Source: USGS January 2013

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Tungsten has been classified as either a critical or strategic mineral by the British

Geological Survey, the European Commission, the United States Government

and the Government of China

Blackheath Board of DirectorsA team experienced in Tungsten and Portugal

JAMES ROBERTSON, B. Sc., P. Eng. | Chairman and Director• Professional Engineer with over 40 years of experience in technical, design, management and financing services

for the mining industry and public resource companies – two achieved full listings on the London Stock Exchange

• Founding director and Vancouver manager of Primary Metals Inc., owning the Panasqueira Tungsten mine in

Portugal, until its sale to Sojitz Inc. at $3.65 per share

KERRY SPONG | Secretary, CFO and Director• Over 20 years of experience in accounting practice for private and public resource companies

• CFO of junior resource companies including Primary Metals Inc. prior to its sale to Sojitz Inc.

ALEXANDER LANGER | President and CEO• Over 10 years experience in Capital Markets; including 4 years at Canaccord Financial as an Investment Advisor

• Previously Vice President Capital Markets for a TSX listed exploration company and has worked with numerous

publically traded companies in various senior management positions.

JONATHAN CARTER | Director• Over 35 years of experience in marketing and metal sales, specializing in Tungsten

• Founding director, then President of Primary Metals Inc. prior to its sale to Sojitz Inc.

J. MERFYN ROBERTS, M. Sc., CA | Director• Over 30 years of experience in investment fund and portfolio management

• Previously Senior Portfolio Manager with CQS Management of London, UK and a director of

mining companies including Agnico-Eagle Mines and Eastern Platinum Limited

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Blackheath Advisory Committee

Strategic support - A wealth of experience available to Blackheath

JONATHAN HENRY| President and CEO, Gabriel Resources Ltd.

• Over 18 years of experience in the international mining industry including responsibility for

execution of exploration, development and M & A activities

• Former CEO of LSE-listed Avocet Mining PLC including management of international tungsten

assets and their spin-off into Primary Metals Inc.

GEORGE CAVEY, B.Sc., P. Geo.| President, OreQuest Consultants

• Over 35 years of experience in geological consulting for resource companies

• Former Vice President Exploration for Orko Silver (sold to Coeur Mining in 2013 for $380,000,000)

• Past President of the Canadian Council of Professional Geoscientists

• Consultant to the BCSC and the TSX Venture Exchange

• Consultant to and Director of Primary Metals Inc. and author of their NI 43-101 technical reports

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History of Primary Metals Inc.

• Acquired Panasqueira Tungsten mine in Portugal in 2003

• Listed June 2003, initial trading price $0.15 per share

• Sold to Sojitz Inc. in October 2007 at $3.65 per share

• Mine produces ~100,000 MTUs p.a. from ore containing ~0.14% WO3

• 2006 reserves 1.4 M tonnes @ 0.23% WO3 (322,000 MTU)*

Share Price Primary Metals Inc.

Panasqueira Tungsten mine

7* Primary Metals 43-101 technical report dated July 25, 2006

Investing in Portugal

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• Highly attractive geological setting

• Supportive legislative environment, approximately 6 months to

permit a mine

• Excellent infrastructure

–Paved road access

–Ample water and power available

–Numerous deep sea ports and rail lines

–3 major mining operations in production

China and Portugal

• Very close business relationship. In 1999, Portugal returned Macau

to China

• China’s Three Gorges Corp owns 21% of Portugal's National

Energy Company

• “Golden Visa Program” that allows easy immigration for Chinese

nationals into Portugal

Blackheath’s Tungsten Projects

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• Excellent infrastructure in

northern Portugal

Covas

• Covas permit is 1,949 hectares,

with historic resources and a

simple option

• Blackheath earns up to 85%

interest in Covas JV through work

expenditures only (75% earned to

date)

Borralha, Bejanca, Vale das

Gatas

• Blackheath earns 100% interest

in these past-producing projects

through work expenditures, plus

cash of €125,000 and payment

on production of €1 million

Blackheath’s Tungsten Projects

10

Blackheath controls 4 of the top 7 largest past

producing tungsten mines

Covas Tungsten Project

• Past underground and open pit production of 366,000 tonnes at

0.61% WO3 between 1951 and 1974

• Exploration and drilling by Union Carbide and others 1974 to 1980;

including diamond drilling with a total of 329 drill holes. To date

BHR has conducted a further 52 drill holes

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• Experimental Mining licence issued August 20, 2013, valid for 3

years and extendable for a further 2 years

• NI 43-101 Resource Report (Highest Grade Open-pit Tungsten

Project in Europe)

• Mineralization remains open in multiple directions including high-

grade potential areas that will be tested during the next drill

campaign focussing on resource growth and grade increase

• Environmental assessment, internal scoping studies and

metallurgical testing underway

Mineral Resource Highlights

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WO3 Cut-off(%) Classification

Tonnes> Cut-off(tonnes) Grade WO3 (%)

Contained Metal MTU WO3

0.1Indicated 1,081,000 0.42 449,800

Inferred 2,211,000 0.35 767,100

0.2Indicated 860,000 0.48 414,100

Inferred 1,767,000 0.39 694,200

0.25Indicated 686,000 0.55 375,200

Inferred 1,281,000 0.46 584,900

• Substantial increase in MTUs over previous historical estimates

• Shallow depth. Over 80% of the resource is located within 60

metres of surface

• 19 drill holes capped to a lower average grade

• Higher grade resource using a 0.25% WO3 cut-off

• 375,200 MTUs WO3 indicated based on 686,000 tonnes at an

average grade of 0.55% WO3 and

• 584,900 MTUs WO3 inferred based on 1,281,000 tonnes at an

average grade of 0.46% WO3

Covas Drill Targets

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Covas Mine Workings

Sampling at Cerdeirinha open pit15

Borralha Tungsten Project

Location: Northern Portugal

127.5 sq. km of mineral rights (12,750 h); exploration permit valid to July 2017

Excellent infrastructure includes rail, power grid near/on property - network of roads provides access to all worksites

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Borralha Production History

• In production from 1904-1985

• Largest past producing tungsten mine in Portugal

• The total known production of tungsten concentrates (wolframite

and scheelite) from 1904 until the closing of Borralha is estimated

at about 18,500 tonnes

• Ore was mined primarily from vertical quartz veins, supplemented

by limited open pit excavations in the later years

• Extensive infrastructure in place including:

– Multiple paved access roads

– Former hydro electric plant for the mine, still in operation

– Ground work for future buildings and plant site

– 2 large shafts access the vertical veins

– Ample water supply

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The Borralha Mine

2018

Borralha Tungsten Project

• 118 metre intersection in BO 8A assaying 0.29% WO3 (57m to 175m) and including 91 metre intersection assaying 0.31% WO3 (84m to 175m)

• One of the best tungsten drill results ever reported from surface

• 5 of the 6 drill holes ended within the boundaries of the breccia

• A higher grade zone located in the centre of the breccia is open to the north and south and at depth to the east

• Early indications show that the mineralized breccia may be at least 575 metres in length, over 150 metres in width and open to depth of over 200m from surface

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Santa Helena Breccia

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Santa Helena Breccia: Results from Drill Program

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Hole IDIntercept - Metres Intercept

%WO3From To Total

BO 5 21 117 96 0.14

including54 117 63 0.20

including88 117 29 0.27

BO 6 36 112 76 0.09

including69 89 20 0.14

and 97 112 15 0.06

BO 7 108 175 67 0.08

including108 123 15 0.13

and 128 142 14 0.15

and 158 175 17 0.08

BO 8A 57 175 118 0.29

including84 175 91 0.32

BO 9 85 93 8 0.27

and 188 199 11 0.10

BO 10 39 53 14 0.05

and 85 91 6 0.14

and 107 125 18 0.16

152 171 19 0.07

Santa Helena Breccia

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Bulk sampling, internal scoping studies, metallurgical testing and preliminary environmental services studies underway

Bejanca Tungsten/Tin Project Location: Northern Portugal

70 sq. km of mineral rights (7,000 h); exploration permit valid to July 2017

Excellent infrastructure, power grid near/on property - network of roads provides access to all worksites

In production from 1917-1985

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Assays of selected grab samples at Bejanca

2.12% WO3 at Vale da Fonte 1.68% WO3 at Mina de Masgalos 1.00% WO3 at Mina da Bodiosa 0.85% WO3 at Mina de Vale Gouro

(These must be considered to be preliminary selected samples, and as such, may not be representative of average values for each showing.)

Bejanca Tin/Tungsten Project

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8 former mines located in the project area; also a ferro-tungsten smelter

Bejanca was the 3rd most prolific tungsten producer in Portugal

Exploration work underway, including sampling, mapping and drill planning

Results from most resent 50 test pits

Most of the values are in tin in the area tested

42% of the pits showed values greater than 400 ppm Sn (tin), and

Showed an average content of 792 ppm Sn, and

Contained an average of 35% fine sand containing 1,551 ppm Sn (1.6kg/t)

Sporadic tungsten values ranged between 10ppm and up to 1,463ppm WO3

Blackheath Share StructureIssued shares 42,196,175

Employee Stock Options 3,630,000

Warrants @ $0.53 exp. Jun. 17, 2017 625,000

Warrants @ $0.53 exp. Aug. 24, 2017 276,250

Warrants @ $0.20 exp. Nov. 4, 2017 2,685,751

Warrants @ $0.20 exp. Nov. 24, 2017 2,822,822

Warrants @ $0.18 exp. Jun. 7, 2018 4,148,750

Warrants @ $0.18 exp. Jun. 29, 2018 3,210,000

Total Diluted 59,594,758

Directors and insiders control ~ 37.3% of issued

shares

Listed TSX Venture Exchange symbol: BHR

Quoted Frankfurt Exchange symbol: 04B25

Major shareholders

ShanDong DongLin 15.1%

James Robertson 8.3%

Ernesto Echevarria 6.1%

Shining Capital 5.7%

Blackheath Work Plan and Corporate Goals

26

Phase 2 open-pit sampling Campaign at Bejanca

Tin/Tungsten Project (currently underway)

Environmental and internal scoping studies at Borralha

(currently underway)

Environmental, Metallurgical testing and bulk sampling at

Covas

(currently underway)

Initial mapping and sampling work at Vale Das Gatas Projects

Deliverables

Complete environmental and engineering studies at Borralha

Internal feasibility and scoping studies at Bejanca

Metallurgical testing and bulk sampling at Covas

Summary Strong board and management team experienced in Tungsten and

mining operations in Portugal (Primary Metals and Panasqueira mine)

Holds the four of the top seven past-producing Tungsten mines in

Portugal

Covas NI 43-101 Resource Report (Highest Grade Open-pit Tungsten

Project in Europe)

Borralha drill result: 118 metre intersection @ 0.29% WO3 (Highest

grade x thickness wolframite tungsten intercept ever reported)

Portugal’s largest past producer, significant open pit potential

Bejanca – 42% of test mining pits showed values greater than 400 ppm Sn (tin), and showed an average content of 792 ppm Sn, and Contained an average of 35% fine sand containing 1,551 ppm Sn (1.6kg/t

Strategic partners and shareholders in place

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Contact

Alexander Langer

President and CEOBlackheath Resources Inc.

Suite 306 – 850 West Hastings Street

Vancouver BC Canada V6C 1E1

Phone: 604 684 3800

Email: info@blackheathresources.com

TSX Venture Exchange Symbol: BHR

Frankfurt Stock Exchange Symbol: 04B

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