.

VIRTUS MINERALS CORPORATION.

CORPORATE PRESENTATION AND UPDATE \\Q3/2016

FORWARD-LOOKING INFORMATION

Purpose

The sole purpose ("the Purpose") of this presentation (the “Presentation”) is to provide information on Virtus Minerals Corporation Ltd (“Virtus" or "the Company") This

Presentation and the contents of it do not, and are not intended to, constitute an offer for sale, prospectus, invitation to subscribe for or purchase or otherwise acquire, shares or

other securities in the Company.

Verification of information

The information contained in this Presentation is being supplied as a guide only and no reliance may be placed for any purpose whatsoever on the sufficiency, accuracy or

completeness of the statements contained herein. No representation or warranty whatsoever is given by or on behalf of Virtus or any directors, officers, employees or advisers or

any other person, and no responsibility or liability is accepted by any of them, in relation to the shares, business or prospects of the Company expressed or implied, or with respect

to the adequacy, accuracy, completeness or reasonableness of the facts, opinions, estimates, forecasts, projections or other information set out in this Presentation or any further

information, written or oral or other, supplied in connection with it. Nothing contained within this Presentation is or should be relied upon as a promise or representation as to the

future. Any pro-forma and estimated financial information contained herein is prepared expressly for use herein and is based on certain assumptions and the Directors' analysis of

information available at the time this Presentation was prepared. There is no representation, warranty or other assurance that any of the projections will be realised. The

information contained herein and any further information relating to the Company supplied by Virtus or its advisers is, and will be, supplied on the condition that neither Virtus nor

its advisers accepts any responsibility and/or liability for any loss or damage of whatsoever nature that may result or occur by reliance on such information and howsoever arising.

The information contained in this Presentation has not been legally verified.

Forward Looking Statement

Certain statements made in this presentation are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's

current expectations, estimates and projections about its industry, its beliefs and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,'

'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and

unknown risks, uncertainties and other factors, some of which are beyond the Company's control, are difficult to predict and could cause actual results to differ materially from

those expressed or forecasted in the forward-looking statements. These factors include, amongst others; technology risks, including dependence on core technology; fluctuations

in results; dependence on new product development; rapid technological and market change; reliance on sales by others; management of growth; dependence on key personnel;

rapid expansion; financial risk management; and future growth subject to risks. The Company cautions recipients of this presentation not to place undue reliance on these forward-

looking statements, which reflect the view of the Company only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events

as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements

to reflect events, circumstances or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

Qualified Person

Scientific or technical information in this presentation has been reviewed by Stanley Robinson, P. Geo, who is the 'qualified person' (as such term is defined under National

Instrument 43-101) of the Company.

CORPORATE PRESENTATION AND UPDATE \\Q3/2016

THIS IS D-DAY FOR LITHIUM MINERS: IT’S ALL ABOUT NEW ENTRANTS TO A COMMODITY SPACE THAT IS ABOUT TO CHANGE EXPONENTIALLY…

LITHIUM IS KEYTO ADDRESSING OUR FUTURE ENERGY NEEDS.

THE BOUNDARIES OF ENERGY STORAGE ARE BEING PUSHED BY GRID-SCALE POWER STORAGE, ELECTRIC VEHICLES AND CONSUMER ELECTRONICS.

Photo: Apple.

Seed capital will be used to fund exploration on the Company’s

Nemiscau / Nemiscau-Vista, Kapituka and Cascapédia lithium

projects in Québec, and for general working capital in preparation

for listing Virtus on a Canadian Stock Exchange.

VIRTUS AIMS TO GENERATE A PIPELINE OF WORLD-CLASS PROJECTS, FOCUSING ON LITHIUM AND SAFE GEOPOLITICAL REGIONS OF THE WORLD.

THE MOVE TO LITHIUMWhy Lithium?

Lithium powers modern technology: it is used in rechargeable

lithium-ion batteries for electric vehicles, grid-scale energy

storage, phones, laptops, cameras, gaming consoles and

hundreds of other electronic devices. Lithium-ion batteries are

used increasingly for bikes, power tools, forklifts, cranes and

other industrial equipment.

We have already seen Tesla increase the land holding of their

$5 billion lithium-ion battery factory currently under construction

in Nevada—and the company recently announced the Model 3,

which has already hit over 300,000 pre-orders

And Faraday Future recently struck a deal to build a $1 billion

electric car plant in NV.

Due to lithium’s key role in batteries, and the ever expanding

need of batteries to power our modern lives, lithium seems

untouched by economic downturns.

CORPORATE PRESENTATION AND UPDATE \\Q3/2016

Photo: Tesla Motors, Inc.

BUT IT’S NOT JUST ABOUT TESLA

Demand is growing, not slowing.

It’s not all about Tesla. While Tesla has stoked plenty of

excitement around lithium, it’s far from the only end user.

Google, Apple, Sony, and vehicle manufacturers, such as Audi

and Mercedes, had entered the space in earnest1.

Meanwhile, battery majors, such as LG Chem and Samsung, all

have expansion plans for their new plants. Companies like BYD

are also building their own battery plants. Boston Power is

looking to expand, while Foxconn said they were going to enter

battery manufacturing.

At least 12 lithium ion “megafactories” are forecast to come

online by 2020 (new or existing plants being planned,

constructed or expanded to gigawatt-hour capacity), with seven

of them located in China.

1 Source: Benchmark Mineral Intelligence

CORPORATE PRESENTATION AND UPDATE \\Q3/2016

$16.5 TRILLIONPROJECTED INVESTMENT BY 2040 IN SOLAR, WIND, TRANSPORTATION AND INFRASTRUCTURE

- International Energy Agency,

World Energy Outlook, Special

Briefing for COP21

LITHIUM IN TIGHT SUPPLY

So where will new supply come from?

Demand for lithium - one of the hottest commodities on the

planet and the only one to show positive price movement in

2015 - is poised to continue on its upward trajectory, becoming

the world’s new gasoline and earning the moniker of “White

Petroleum”.

However, new supply of low-cost lithium is constrained: political,

capital, technical and environmental issues are forcing new

projects either into failure or causing delays.

This has caused recent spot prices for lithium in China to have

doubled, resetting price expectations.

Proof of unstoppable lithium demand can be found in the fact

that even though natural gas, coal and gasoline prices are down

50% or more, lithium prices increased by about 20% in 2014

and by a larger percentage in 2015.

CORPORATE PRESENTATION AND UPDATE \\Q3/2016

Source: Deutsche Bank; Asian Metals

0

50

100

150

200

250

300

350

400

450

2015 A 2016 E 2017 E 2018 E 2019 E 2020 E 2021 E 2022 E 2023 E 2024 E 2025 E

US$900 MLITHIUM “MARKET VALUE”

OVER 400,000 TPROJECTED ANNUAL DEMAND FOR LITHIUM BY 2025

Lithium Carbonate Equivalent (“LCE”)

demand (‘000 metric tonnes)

Source: Citigroup, Economist

CHARGING UP

CORPORATE PRESENTATION AND UPDATE \\Q3/2016

Lithium Carbonate spot price per metric tonne ($ ‘000)

The price of 99%-pure lithium

carbonate imported to China more

than doubled in the two months to

the end of December, to $13,000 a

tonne.

The spike mostly reflected

concerns about the future liquidity

of China’s spot market.

Sales of “new energy” vehicles in

China almost tripled in the first ten

months of 2015 compared with the

same period in 2014, to 171,000.

QUÉBEC: THE PLACE TO EXPLORE!

Québec holds the sixth spot in the Fraser Institute’s 2014 rankings of

the world’s most attractive jurisdictions for mining investments.

Specifically, Québec is favourable because it:

has transparent mining laws.

has a secure investment climate—political stability, transparent

institutions, a sound financial system and a robust economy.

has active mining and exploration markets with historically good

access to capital.

it is mining-friendly—it is Canada’s second-largest producer of

gold, and is highly prospective for other minerals, including

lithium, REEs, base metals and uranium.

Additionally, Canada ranked first on the Behre Dolbear list of the

best countries for mining investment (2014).

CORPORATE PRESENTATION AND UPDATE \\Q3/2016

Photo: Tesla Motors, Inc.

KAPITUKALITHIUM PROJECT QUÉBEC, CANADA

VIRTUS HOLDS 100% INTEREST IN KAPITUKA LITHIUM PROJECT,WHICH IS HIGHLY PROSPECTIVE FOR LITHIUM AND RARE EARTH ELEMENTS.

The Kapituka exploration project comprises 40

claims for a total of 2067 ha in the James Bay

territory of Northern Quebec. The claim blocks lie

some 5 km south from the world-class Whabouchi

lithium deposit of Nemaska Lithium Inc..

The Kapituka project claims were part of a claim

group belonging to Osisko Exploration (Virginia

Gold) back in 2003.

KAPITUKA, QC.

Property geology

The Kapituka property covers a small portion of an area underlain

by gneissic rocks that hosts a series of pegmatite dikes that

extend along strike for over 100 km. Pegmatites in this area are

lithium bearing; the most significant to date is the Whabouchi

deposit 5 km to the north that is being developed by Nemaska

Lithium (NMX-TSX.V).

The Whabouchi lithium deposit is chiefly

made up of a spodumene bearing white

pegmatite which has a length of 1,2 km

with a 40 m width. In comparison, the

Kapituka Project has at minimum two

untested granitic pegmatite dikes that

each extend for over 3 km and 1.6 km in

length each.

Majescor Resources Inc. holds adjacent

properties to Virtus's Kapituka project and

are prospecting for lithium in those

scattered pegmatites/pegmatitic granites

which are known to occur over a strike

length of 110 km for their content in

lithium, tantalum, niobium and beryllium.

Up to this time, it is not known if those

pegmatitic granites/pegmatites found on

the claims of Majescor and Virtus have

been explored for all those elements.

Initial prospecting program is planned to

begin as soon as financing is secured.

KAPITUKA, QC.

NEMISCAULITHIUM PROJECT QUÉBEC, CANADA

VIRTUS HOLDS 100% INTEREST IN NEMISCAU AND NEMISCAU VISTA,WHICH ARE HIGHLY PROSPECTIVE FOR LITHIUM AND RARE EARTH ELEMENTS.

The Nemiscau Project area comprises two

contiguous claim blocks, Nemiscau and

Nemiscau-Vista, totalling 89 claims covering

4,744 ha (c. 47 km2) in the James Bay region

of Québec.

The property is approximately 5 km from and

on strike with the world-class Whabouchi

Lithium Mine (27.3 million tonnes (P+P) at

1.46% Li2O), currently being developed by

Nemaska Lithium Inc. (TSX.V NMX).

Work carried out by previous operators at

Nemiscau is minimal: no drilling has yet been

completed on the property.

Exploration is planned to begin as soon as

financing is secured.

NEMISCAU, QC.

Property geology

Nemiscau is located in the Superior Craton of the Canadian Shield.

Regional and property-scale geology consists mainly of granites and

oligoclase gneisses with amphibolites and pegmatites reported

regionally.

The Nemiscau area has been considered prospective since the

1950s, and claims have been held by a number of companies. Though

little work has been carried out, several minerals of potential economic

significance have been reported on a regional scale.

Phase I - Thorough sampling and

geochemical analysis of known granites

and pegmatites to assess rare element

fertility along with a property‐wide surface

till and boulder sampling program to

detect pegmatite float and/or LCT

indicator minerals (CAN $220,990);

Phase 2 - A helicopter magnetic survey at

100 m line spacing to define bedrock

geology and structural controls for

pegmatite emplacement on the property

followed by in‐fill surface till sampling,

base of till sampling, soil geochemistry

and further geochemical sampling of

bedrock to define drill targets (CAN

$303,765);

Phase 3 - An approximately 2,000 –

4,000 m diamond drilling program to test

targets identified in Phase 2 (estimated

CAN $700,000).

NEMISCAU, QC.

CASCAPÉDIALITHIUM PROJECT QUÉBEC, CANADA.

VIRTUS HOLDS 100% INTEREST IN CASCAPÉDIA, WHICH HAS HISTORICALLY RETURNED ANOMALOUS LITHIUM IN SOIL RESULTS.

The project area comprises 14 claims

covering approximately 735 ha in the

southern Gaspe Peninsula of eastern

Québec.

Work carried out by the Ministry of Energy

and Resources includes property-scale soil

sampling, the results of which show

anomalous lithium.

Further work is required to establish whether

elevated lithium values on the property are

hosted by clay minerals in sedimentary rocks

or are associated with pegmatites.

CASCAPÉDIA, QC.

Property geology

The Cascapédia Project, in southern Gaspe Peninsula is underlain

with Ordovician to Lower Silurian metasedimentary rocks of the

Matapédia and Honorat Groups.

Lithological units are limestone, shale, sandstone and conglomerates.

A geochemical survey carried out in 1988 returned anomalous lithium-

in-soil values. A preliminary interpretation concludes that the

Matapédia and Honorat Groups host Lithium bearing minerals that are

most likely contained within pegmatites.

Phase 1 would consist of a site visit where

geologists would collect rock samples for

geochemistry and petrography to

investigate the source of lithium anomalies

found in the soil and rocks.

The initial budget for Phase 1 is CAN

$40,000.

CASCAPÉDIA, QC.

CASCAPÉDIA

PROJECT

CASCAPÉDIA LITHIUM PROJECT

“THE STONE AGE CAME TO AN END, NOT BECAUSE WE HAD A LACK OF STONES, AND THE OIL AGE WILL COME TO AN END NOT BECAUSE WE HAVE A LACK OF OIL.”

— Sheikh Ahmed Zaki Yamaniformerly Saudi Arabia's minister for oil (1962–1986) and head of Opec

DANIEL BARRETTE — President and Chief Executive Officer (Director): Mr. Barrette possess over ten years’ experience in the mining

industry in a variety of commodities, including gaining substantial experience in managing and restructuring mining companies. Mr. Barrette was

instrumental in the restructuring, consolidation and development of SearchGold Resources Inc. (TSX.V-RSG) from 2011 until its successful RTO

by Ubika Corp in 2013, and for its financing of $54 million. Mr. Barrette has assisted public and private mining companies in acquiring mineral

properties, and in establishing and developing business in Africa, where he has extensive network of strategic contacts. Prior to Searchgold, he

was COO for Gilla Inc. (GLLA-OTCBB) until its RTO with Snoke Distribution Canada Ltd. Mr. Barrette was President & CEO of Affinor

Resources Inc. (TSX.V:AFI) from 2006 to 2008.

MARTIN NICOLETTI, CPA, CGA — Chief Financial Officer: Mr. Nicoletti joins the Company as Chief Financial Officer. Mr. Nicoletti is a

certified general accountant with twenty-seven years of experience. He graduated from the Quebec University in Trois-Rivières in 1987 with a

bachelor degree in business administration. He joined Price Waterhouse where he spent the next four years serving several clients in the mining

industry. He then spent the following eleven years with companies as a controller or chief accountant. Since 2004, he has been involved with

public junior mining companies carrying out exploration activities worldwide, with responsibilities in financial controls and financial reporting. He

currently serves as the Chief Financial Officer of several public companies.

STANLEY ROBINSON, M.Sc., P.Geo — VP, Exploration (Director): Mr. Robinson is a Professional Geoscientist with 40 years’ exploration

and corporate experience in management of base metal and gold exploration projects from grassroots to feasibility in Africa and Canada as well

as project due-diligence and report writing in South America. Stanley delineated: 1.67 million ounce NI 43-101 compliant gold and inferred gold

resource, part of a nearly 3 million ounce global resource, in the Democratic Republic of Congo; 1.30 million ounce, non-NI 43-101 compliant,

gold resource in Burkina Faso; currently in commercial production; 0.25 million ounce, non-NI 43-101 compliant, gold resource in Nunavut,

Canada. Stanley serves as a Qualified Person, as defined under National Instrument 43-101.

CORPORATE PRESENTATION AND UPDATE \\Q3/2016

MANAGEMENT TEAM

DERRICK WEYRAUCH, CPA, CA — Non-Executive Chairman of the Board (Director): Mr. Weyrauch is a Chartered Professional

Accountant (“CPA”, “CA”) with over 25 years of experience that includes corporate financial management, financings, corporate restructuring,

strategic planning and merger & acquisitions. He serves currently as the Audit Committee Chair for Banro Corporation (a gold producer).

Previously for Jaguar Mining Inc. (a gold producer), he served as the Chief Financial Officer, Chairman – Special Committee Restructuring and

Recapitalization and as a member of the Audit Committee. Additionally, prior to its sale in 2013, Mr. Weyrauch served as the Chief Financial

Officer of Andina Minerals Inc. Mr. Weyrauch earned his CA designation in 1990 while working at KMPG and he is a member of the Institute of

Chartered Accountants of Ontario, the Institute of Corporate Directors and he holds a Bachelor of Arts degree in Economics.

DAN HRUSHEWSKY, B.Eng., MBA, CFA — Director: Mr. Hrushewsky is an Engineer, MBA and CFA. Since his recent role as a gold mining

analyst for Jennings Capital in Toronto, he has consulted for numerous mining companies on strategic issues, M&A, capital markets financing

and mine plan optimization. Prior to his work as an analyst, he was employed in Corporate Development/M&A for gold and base metal

producers, and in project finance for a Canadian Bank.

SILVIO BERTOLLI, B.S. (Chemical Engineering), — Senior Advisor: Mr. Bertolli has over 40 years of experience in the mining and oil

industries, and has held technical, management and executive positions at ENI Group Companies, Agip SpA, Snamprogetti and major US

companies. Mr. Bertolli’s mining experience includes project and technology development, management and business in the US. As Managing

Director, he was responsible for the Agip Group’s mineral properties acquisition and development in the western US. Since 2008 as Senior VP

at Western Lithium Corp., Mr. Bertolli was responsible for project and engineering development, including technology of lithium projects

encompassing Li-rich clays and salt deposits. His knowledge in technical, cost estimating and economic analysis, includes the traditional Li-

Salars.

PIERRE LABREQUE, P.Eng. — Senior Advisor: Mr. Labreque is a consultant geological engineer with over forty years experience in mineral

exploration and evaluation, both in Canada and abroad. He has diversified experience which encompasses all the modern techniques now in

use to evaluate the exploration potential of a property, with extensive experience in prospecting for gold, base metals, uranium and industrial

minerals. Mr. Labreque has a strong background in exploration geophysics, geochemistry, economic geology and drilling. He has been involved

on a regular basis in project management and decision making and has participated in several international assignments as a consultant,

supervisor and senior geologist. Pierre holds a Geological Engineering degree from Ecole Polytechnique, University of Montréal and is a

member of the Ordre des Ingénieurs du Québec. and is a Qualified Person, as defined under National Instrument 43-101.

CORPORATE PRESENTATION AND UPDATE \\Q3/2016

BOARD AND ADVISORY TEAM

28.4MSHARES I/O

CURRENT CAPITAL STRUCTURE.

26%MANAGEMENT

3.5M WARRANTS

31.9M FULLY DILUTED

VIRTUS MINERALS CORPORATION

Suite 2400

1000, De La Gauchetière Street West,

Montreal, Québec H3B 4W5

Canada

Phone: +1.514.448.2172

E-mail: info@virtusminerals.com

www.virtusminerals.com

Accounting and Advisory

SKTM FINANCIAL CORPORATION LTD.

Legal Counsel

FASKEN MARTINEAU

Virtus Minerals Corp. is a privately-

held Canadian exploration and

development company, managed by

a team of experienced industry

professionals with a track record of

public exploration company

management and project generation,

with deep knowledge of global

exploration and mineral tenure

development.

Virtus is currently in the process of

securing financing, initially to explore

and develop its 100%-owned

Nemiscau / Nemiscau-Vista,

Valiquette and Cascapédia lithium

projects in Québec, which the

company plans to advance rapidly to

build shareholder value.