Sprint / Summer 2017 Corporate Presentation for BWR Exploration Inc.

1. July 18, 2017

2. This presentation may contain forward-looking statements such as use of words or phrases
such as: is poised to, historical resource estimates, to be appointed, to create, up to, expected
to cost, yet to be defined, etc. Such forward-looking statements involve a number of known
and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of BWR Exploration Inc. to be materially different from actual
future results and achievements expressed or implied by such forward-looking statements.
Readers are cautioned not to place undue reliance on these forward-looking statements which
speak only as of the date the statements were made, except as required by law. BWR
Exploration Inc. undertakes no responsibility to publicly update or revise any forward-looking
statements. These risks and uncertainties include: the uncertainty of completing the acquisition
of the project from Puma on the terms described in this presentation, or that actual results
obtained by BWR in the future may differ materially from the historical results alluded to in this
presentation by others, which historical results have not been fully verified by BWR. In
addition, readers of this presentation should review the risks and uncertainties that are
described in the quarterly and annual reports and in the documents submitted to the securities
administration. Neither the Toronto Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this presentation.
TSX Venture: BWR 2

3. § BWR Exploration Inc. (“BWR” TSX.V) is poised to capitalize on management’s corporate and
exploration experience, focusing on an early stage exploration gold project recently acquired in
Manitoba, with secondary interest in other gold and base metal projects owned by BWR in Quebec
and Ontario.
§ Founders, Management, and Directors are significant investors and currently owners of ~24.5 % of
the outstanding common voting shares. There are 55.2 million common shares issued, trading
range $0.04 to $0.08 range.
§ Three of BWR’s exploration projects have “uncategorized in situ resources” identified on them as
reported in various government public and industry internal documents. BWR’s strategy is to
complete systematic exploration that is designed to confirm or elevate the existing historical
resources on these projects to formal resource estimates that are compliant with National
Instrument 43-101 standards of reporting.
§ BWR’s Canadian projects:
§ 100% interest in Little Stull Lake gold project in northeastern Manitoba (acquired in 2016)
§ 100% interest in Vendome Sud base metal project in southwestern Quebec (acquired in 2015)
§ 59.8% interest in Shunsby base metal project in northern Ontario (acquired in 2012)
§ 70% interest in Santa Maria gold project in northwestern Ontario (acquired in 2011)
TSX Venture: BWR 3

4. Management:
Neil D. Novak. (B.Sc., FGAC, P.Geo.):
Founder, President, CEO and Director
George Duguay (CPA, CGA, FCIS):
Founder, VP Corp. Development,
Director
Daniel Crandal (CPA, CGA):
Chief Financial Officer
Carmen Diges (LL.B, LL.M, CFA):
Corporate Secretary, Legal Counsel
Independent Directors:
Norman Brewster (Chair of
Compensation Committee)
Allan Ringler (Chair of Audit
Committee)
Earl Coleman
Marcel Robillard
TSX Venture: BWR 4

5. § BWR’s corporate mission is to increase shareholder value by acquiring precious and base metal exploration
project(s), located in exploration and financing friendly jurisdictions in Canada, and advancing these
projects through the exploration cycle to become attractive development projects;
§ Short Term Business Plan (2017-18) is to raise sufficient capital as required to assess, maintain, and
advance prioritized projects.
§ 2017-18 focus will be on the newly acquired (December 2016) Little Stull Lake Gold Project in Manitoba.
Fraser Institute ranked Manitoba second in the as a place for Mining Investment – Feb. 2017 report;
§ BWR will maintain status quo for other exploration projects including: Vendome Sud (Ni/Cu) project near
Val D’Or Quebec (exploration lots), the Shunsby (Zn/Cu) project near Timmins ON (leased land), and the
Santa Maria gold projects near Dryden, ON (unpatented claims);
§ Long Term Business Plan (3- 5 years) is:
• to create strategic financial alliances that facilitate exploration / development and eventual
exploitation of projects as they mature through the exploration cycle to become advanced projects
where compliant resource estimates are identified in order to monetize asset value.
TSX Venture: BWR 5

6. TSX Venture: BWR 6
Vendome
Sud
(Ni + Cu)
Quebec
Shunsby
(Zn +Cu)
Ontario
Little Stull
Lake
(Au) Manitoba
Sakoose
(Au)
Ontario

7. • The Little Stull Lake Gold Project (“LSLGP”) is
the new focus project for BWR, reportedly
hosting 5 gold zones over a 6 km portion of a
regional (80km) shear structure
• 100% interest acquisition from Puma
Exploration Inc. for initial cash payment of
$50,000 cash plus payment of 5 million shares
valued at $0.05/share ($250K)
• 2 additional cash payments of $50K after
MEL’s get issued (MEL’s issued to Puma June
27, 2017, transferred to BWR, $100K payment
made to Puma)
• Additional share payments of up to 5 million
shares in installments as exploration
milestones are achieved over next few years
• BWR received final exchange approval on the
LSLGP acquisition on December 5, 2016
TSX Venture: BWR 7

8. TSX Venture: BWR 8
Property consists of 20 staked
claims covering 2,387 hectares of
favorable geology for gold
mineralization, plus two Mineral
Exploration Licenses (MEL) that
surround the 20 claims totaling an
additional 36,000 hectares of
exploration potential

9. Stull
Lake
20 staked claims for 2,387 ha
Assesment work is filed and up
to date (April 2025) excess
banked for additional years
Located 20km north-east of Yamana
Gold’s Monument Bay Gold Deposit
reported to contain 36.6 mt @ 1.5g/t
NI 43-101 Indicated Category (YRI
news release Sept. 2016)
Very little recent exploration
completed along favorable Wolf
Bay Shear Zone, historical
exploration focused on West Zone
reported in 1990 to contain
750,000 tonnes averaging 10.3 g/t
Au*
Greenstone
belt
Little Stull Lake
* Historical resource estimate pre – NI 43-
101 reporting standards
0 10
km
Sharp
Lake
Edmund
Lake
Kistigan
Lake
Stull
Lake
TSX Venture: BWR 9
Highlights

10. •1990 historical resources by Westmin
(pre NI 43-101 reporting standards)
Property
5 Drilled Gold Zones
over 6km strike length
202 holes for 30 515 meters
20 holes > 1 oz Au over 1m
48 holes > 10 g/t Au over 1m
750 000 tonnes @ 10.3 g/t Au*
(257 500 ounces Au*)
Beaver Zone
10 Holes including 3.68 g/t over 4m
Rocky Zone
10 Holes including 3.35 g/t over 13m
Central Zone
9 Holes including 16.7 g/t over 1.5m
Otter Zone
6 Holes including 2.32 g/t over 4.6m
West Zone*
TSX Venture: BWR 10

11. Selected Highlights of
Westmin Drilling (1985-89) to
be confirmed by BWR
Zone 3W
Zone 11W
Zone 17W
LS-82 : 38.92g/t Au over
5m (or 4.5g/t over 45.2m)
LS-46 : 14.14 g/t Au over
5.0m
LS-70: 111.53 g/t Au over
3.0m
(or 7.4 g/t Au over 47.0m)
LS-86 : 25.91 g/t Au over 3.0m
meters
TSX Venture: BWR 11
LS-95: 2.97g/t over 5.6 m
LS-96: 2.87g/t over 10m
LS-45: 2.99g/t Au over 4.0m

12. Zone 3W
Section 210 Section 106 Section 009
LS-107
LS-00-02
LS-96
LS-95
LS-82
LS-158
LS-89
LS-46
LS-70
LS-45
LS-163
LS-86
LS-116
TSX Venture: BWR 12
West Zone Vertical Longitudinal diagram is provided courtesy of Puma Exploration (in house files)

13. The Birth of a New Gold Camp
8
TSX Venture: BWR 13
2017 exploration expected to cost ~$1.9
million (2 stages)
Stage 1 (~$35K - $40K) during Winter/Spring 2017
FN consultation, geological compilation (completed)
Stage 2
(a) (estimate $300K-400K) early summer 2017
Re-establish 10 man exploration drill camp (repair
and minor construction underway), brush out drill
access road, assess moving dozer to campsite,
airborne geophysical surveying over MEL’s (to
commence August 2, 2017), line-cutting, Ground IP
and Magnetic survey over West Zones (3W, 11W and
17W) prepare for drilling in fall/winter
(b) (estimate $1 million) during Fall 2017/Winter
2018
drill program of initially 2,000 meters, geological
mapping, initial resource estimate to NI 43-101
standards. Follow-up drilling as required in winter
program (cost TBD)
~40km

14. TSX Venture: BWR 14

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Gaspé
Québec
Salluit
Fermont
Radisson
Matagami
Val-d'Or
Montréal
Saguenay Rimouski
Gatineau
La Tuque
Sept-Îles
Puvirnituq
Sherbrooke
Chibougamau
Schefferville
Rouyn-
Noranda
Trois-Rivières
Thetford Mines
Havre-Saint-
Pierre
Lebel-sur-Quévillon
Sainte-Anne-
des-Monts
Île d'Anticosti
Îles de la
Madeleine
Kangiqsujuaq
Kuujjuaq
Natashquan
Baie-Comeau
Blanc-Sablon
Wemindji
Atlantic Ocean
Hudson Bay
Gulf of St. Lawrence
St. Lawrence River
Labrador Sea
James Bay
Ungava
Bay
HudsonSrait
1927 Boundary by the Privy Council (non définitive)
1927BoundarybythePrivyCouncil(nondéfinitive)
Allochton
Minto Subprovince
Parautochton
Corezone
A
ppalachian
Province
Opatica Subprovince
Opinaca
Subprovince
New Québec Orogen
Abitibi Subprovince
Ashuanipi
Subprovince
Ungava Orogen
La Grande Subprovince
TorngatOrogen
Pontiac
Subprovince
St. Lawrence
Lowlands
Platform
Anticosti
Platform
Hudson
Bay
Platform
Nain
Province
LabradorTrough
La Grande
Subprovince
Ungava Trough
Ontario
United States
New Brunswick
Prince Edward
Island
New Scotia
Newfoundland
and Labrador
Newfoundland
and Labrador
Nunavut
55°
60°
60°
65°
65°
70°
70°
75°
75°
80°
80°85°
60°
60°
55°
55°
50°
50°
45°
45°
The Great Geological Domains of Québec
Ministère des Ressources naturelles
Direction de l'information géologique du Québec
0 150 km
1/10 000 000
Appalachian Province
Hudson Bay Platform
Grenville Province
Churchill Province
Nain province
Superior Province
Metadata
Cartographic
projection
Lambert conical
Realization
Geological compilation
Distribution
Ghyslain Roy
Note: This document has no legal value
© Gouvernement du Québec, 2012
St. Lawrence Platform
TSX Venture: BWR 15
Property consists of 15 lots
covering 635 hectares of favorable
geology for VMS, MMS and gold
mineralization

16. § Main focus for BWR is on the Little Stull Lake Project, plan to raise up to ~$1.5
million for projects at prevailing prices for FT and in June – Sept. 2017
§ Continue review and prioritization of other projects, maintain claim status;
§ Little Stull Lake in Manitoba, prepare for drilling, estimated to cost up to $1.5
million (FT), minimum program of $500K by end of summer to get drill into
area with short program (up to 10 holes of 200m).
§ Vendome Sud in Quebec to spend up to $50K (FT) in 2017 to maintain claims,
line cutting and ground surveying.
§ Shunsby in Ontario, no work planned for 2017 (claims are patent no work
required, annual lease payment is $1200)
§ Santa Maria in Ontario, no work planned for 2017 (claims under exclusion of
time order by MNDM)
TSX Venture: BWR 16

17. • 55,727,461 shares currently issued (+ up to 5 million shares
authorized to be issued to Puma upon completion of various
milestones by BWR on the Little Stull Lake Gold Project)
• Management (insiders) currently own: 13,487,000 shares (~24.2%)
• Puma currently owns: 4,500,000 shares (~8.1%)
• Retail currently own: 37,140,561 (~67.7%)
• Options currently issued: 3,330,000
• Warrants currently issued: 17,537,340
2,000,000 @$0.075 (1st year), $0.10 (2nd year) expire June 20, 2018
4,782,000 @$0.075 (1st year), $0.10 (2nd year) expire Aug 10, 2018
2,421,840 @$0.10 expiring March 27, 2019 (including broker warrants)
7,285,500 @$0.075 expiring March 27, 2019
348,000 @$0.075 expiring April 7, 2019 (including broker warrants)
TSX Venture: BWR 17

18. BWR Exploration Inc.
3rd Floor – 82 Richmond St. E.,
Toronto, ON
M5C 1P1
Neil Novak, P.Geo. (President/CEO)
E: nnovak@bwrexploration.com
T: (416) 848 6866
Carl Desjardins (Paradox-pr)
E: carldesjardins@paradox-pr.ca
T: (514) 618-4477
www.bwrexploration.com
TSX Venture: BWR 18