Margaux Resources holds two mineral districts in British Columbia with past production of gold, zinc, and tungsten. The Sheep Creek Gold District produced 785,000 oz of gold at high grades historically and has seen little modern exploration. Drilling by Margaux in 2017 returned high-grade intercepts from the district. The company also holds the Kootenay Arc Lead-Zinc District, which includes the past-producing Jersey mine. Margaux is pursuing near-term cash flow through recycling tungsten tailings and sampling of the districts, while exploring for resources with a focus on community and environmental standards.

1. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
TSX-V:MRL
OTCQB:MARFF
MARGAUX RESOURCES LTD.
PATHWAY TO PRODUCTION
GOLD ZINC TUNGSTEN
TSX-V: MRL OTCQB: MARFF
www.margauxresources.com

2. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation.
Statements in this presentation other than purely historical information including statements relating to the Company's future plans and
objectives or expected results, are forward-looking statements. This presentation contains certain "Forward-Looking Statements". Forward-
looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s
business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those
described in this presentation. Readers should verify any & all claims and do their due diligence before investing in any securities
mentioned. Investing in securities is speculative and carries a high degree of risk.
Drill results reported in this presentation are composite, weighted average grades returned from continuous drill core samples across the
interval. Intervals reported are core intervals. Further drilling is required to understand the relationship between core interval and true
width. After logging, intervals marked for sampling were sawn along the core length, with half of the core placed in bags for analysis and the
remaining half core piece returned to the box for reference. Samples were shipped to ActLabs’ Kamloops, B.C. laboratory for preparation
and analysis. Actlabs is an independent laboratory, recognized with expertise in analytical geochemistry and certified with ISO 9001:2008,
ISO 17025, CAN-P-1579 certification. At the lab, samples were crushed so that 80% passes through a 10 mesh (2 mm) screen, then a 250 g
split of the crushed sample was pulverized to 95% passing 105 microns. All samples were analysed for gold by FA/AA finish on a 30 g sample
of pulverized material, and for a multi-element suite by ICP-MS following aqua regia digestion of a 0.5 g sample. For samples returning
>5000 ppm Zn or >5000 ppm Pb, samples were subsequently analyzed using peroxide fusion/ICP-MS techniques. For samples returning >
1000 ppb Au by ICP-MS, follow-up gold analysis by FA/Gravimetric method was done on 30 g samples. Industry best-practise QA/QC
procedures were implemented during the drilling program, including the insertion of analytical blanks and standards at regular intervals, as
well as systematic duplicate sampling. Core size was NQ2 (50.6 mm = 2 inch core diameter).
Disclaimer
Linda Caron, Vice President of Exploration of the Company is a "Qualified Person" as defined under NI 43-101 and has reviewed and
approved the technical content of this document.
Disclosure
2
CAUTIONARY STATEMENTS

3. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o mTSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
THE MARGAUX STRATEGY
3
 Build strong management team
 Quietly & economically amass strategic land position
 Create strong community & environmental relationships
 Compile historic data & convert to digital format
 Bring modern geological experience & methods to a neglected area
 Identify short & long term opportunities
 Complete cost-effective exploration to advance projects; stay nimble
 Keep drill turning for exploration and resource validation 2017 = 34 holes, 6500 m
 Form strategic partnerships

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180
210
240
270
300
330
Jan 17 Apr 17 Jul 17 Oct 17 Jan 18
2,300
2,500
2,700
2,900
3,100
3,300
Jan 17 Apr 17 Jul 17 Oct 17 Jan 18
1,100
1,150
1,200
1,250
1,300
1,350
1,400
Jan 17 Apr 17 Jul 17 Oct 17 Jan 18
POLYMETALLIC EXPOSURE
4
Source: Capital IQ
• Global supply to decline over next 3 years
• Political uncertainty & softer US$ driving
investors away from riskier assets into
precious metals
GOLDZINCTUNGSTEN
• Insufficient supply to balance market deficit
• Jan 2018 decade-high zinc prices, decade-low
inventories
• 4th most consumed metal by volume
• Supply disruptions in China led to price
increase >50% since Jan 2017
• Unique metal properties means limited
ability for substitution by other metals
Polymetallic in Multiple Rising Commodity Environments
COMEX – US$/tr oz
LME – US$/MT
AMM – US$/ST

5. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
• Polymetallic: Gold, Zinc, Tungsten
• Rising Commodity Environment
• Regional Consolidator:
• Sheep Creek Gold District
• Kootenay Arc Lead-Zinc District
• Safe & Stable Jurisdiction: Mining
Friendly District
• Good infrastructure
• Close proximity to world-class
Pb-Zn smelter & Au mill
• Near-term Cash Flow potential from
Historic Tailings
5
WHY MARGAUX
People Property Potential

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PROXIMITY TO MILL & SMELTER
6
Proximal to Pb-Zn Smelter & Au Mill Good Infrastructure
Kootenay Arc

7. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m 7
STRATEGIC APPROACH
Identify new targets &
economically
extract/process
Reduce Exploration Costs, Increase Speed to Market,
Accelerate Opportunity by Capitalizing on the Past
Past Producers – Future Fortunes
Identify high-yield past-
producing mines
Apply modern
geoscience & technology
Sheep Creek Gold & Kootenay Arc Lead-Zinc – The Perfect Fit
Quietly amassed high
quality property
Large-scale past
production of Au, Pb-Zn,
WO3
Little modern
exploration; leverage
existing infrastructure

8. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o mTSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
TWO MINERALIZED DISTRICTS
8
Regional Consolidator
Kootenay Arc Lead-Zinc District
• Consolidation of 30 km lead-zinc district
• Includes past-producing Jersey lead-zinc mine
• High grade u/g & low grade bulk tonnage potential
• 2017 drilling:
̶ 50.68 m @ 2.52% Pb+Zn, 2.6 g/t Ag
Incl. 8.5 m @ 7.4% Pb+Zn, 6.5 g/t Ag
̶ 163.9 m @ 1.5% Pb+Zn, 1.7 g/t Ag
Incl. 8.8 m @ 8.1% Pb+Zn, 8.4 g/t Ag
Sheep Creek Gold District
• High grade orogenic veins, Barkerville analog
• 10 km historic gold district consolidated for first time
• Past production: 785,000 oz Au @ 14.4 g/t Au avg
• 2017 drilling:
̶ 15.3 g/t Au over 1.85 m
̶ 12.7 g/t Au over 1.0 m
Sheep Creek
Gold District
Kootenay Arc
Pb-Zn District
Large Land Position (23,000 Ha mineral claims)

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-
400
800
1,200
1,600
2,000
2,400
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
May 16 Sep 16 Jan 17 May 17 Sep 17 Jan 18
Volume(000)
SharePrice($/sh)
Source: Company Filings
* All dollar amounts are Canadian
(1) January 15, 2018
CORPORATE STRUCTURE
Exchange: TSX-V / OTCQB
Symbol: MRL / MARFF
Share Price (1): C$0.28
52 Week (Lo-Hi): C$0.20 - $0.40
Market Cap: C$16.8 million
Capital Structure*
9
$16.8 mm
$2.9 mm
Market Cap
$12.0 mm
Financings: Over $10.5 m
raised since
July 2016
Insiders & Mgmt: ~15%
$7.8 mm
$1,181,000
raised
$1,164,000
raised
$283,000
raised
$880,000
raised
$1,908.678
raised
$1,925,539
raised
$13.9 mm
$1,728,580
raised
$1,520,828
raised

10. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
Dr. Rogerio Monteiro,
P.Geo
President & Chief Structural
Economic Geo., Vektore Exp.
Consulting
Chairman, Board of
Directors
James A. Letwin
Director
Robert J. Derkitt
Director
Doug Foster
Director
Edward Lawrence
Director
Tyler Rice
President & CEO
Tyler Rice
Board of Directors AdvisorsSenior Management
CFO
Jason Linkewich
VP Exploration
Linda Caron, P.Eng
Stephen Letwin
President & CEO IAMGOLD
Dr. Victor Zhao, P.Geo
President of CGMC
Chris Stewart, P.Eng
President & CEO of
Treasury Metals
10
CORPORATE STRUCTURE
Management & Advisors with proven success in mining development
Manager Business Dev.
Ryan Bignucolo

11. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o mTSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
CYCLE CAPACITY
11
• Jersey W tailings recycling/recovery
• Bulk samples targeting:
̶ Kootenay Arc Lead-Zinc District
̶ Sheep Creek Gold District
• Easy access to infrastructure
• Estimated small quanta of investment
• Potential for quick time to cash flow
and short payback period
Short-Cycle Capacity
(Just-in-time-delivery)
• Large Scale projects targeting long-
term production of:
̶ Lead-Zinc
̶ Gold
̶ Tungsten
• Continued exploration and land
consolidation
• Capital Intense projects
• Many years to positive cash flow
• Threat of becoming “stranded”
• Longer payback
Long -Cycle Capacity
(Base load production)
CAPEX

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SOCIAL LICENSE
12
Community
• Commitment to local hiring
• Commitment to supporting local business
• 100% of drill & equipment contractors are local
Environment
• Focus on the highest standards of environmental care
• Partnership with the The Salmo Watershed
Streamkeepers Society
• Actively monitor, mitigate and minimize our impact
• Collaboration with MoE & COs in relation to
caribou & bears
• Bat monitoring programs in place with WCS Canada

13. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o mTSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
CATALYSTS TO INCREASE VALUATION
13
 2017 drill program results
 Identify & test exploration targets; Drill
permits in place
 Define resource
 Progressing tungsten tailings recycling
 Acquire Pb-Zn & Au bulk samples
 Form strategic partnerships for Pb-Zn & Au
 Further regional consolidation

14. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
• Polymetallic opportunity, in
safe jurisdiction
• Proximal to Pb-Zn smelter &
Au mill
• Ability to utilize existing
infrastructure
• Past producing properties
with extensive exploration
• Tailings recycling to reinvent
the mining industry’s
environmental impact
• Strategic partnerships to
progress Pb-Zn, Au & Tailings
projects towards economic
independence
14w w w.margau xresou rc es.comTSX-V: MRL
SUMMARY

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SHEEP CREEK
GOLD DISTRICT
Source: Gold Belt mine and mill,
circa 1945, BC Geological Survey

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SHEEP CREEK GOLD DISTRICT
16
• Orogenic gold; Analogous to
Barkerville camp
(Geoscience BC Orogenic Gold
Project, 2016-17)
• Sheep Creek Gold District: Claims
consolidated for first time in > 100
years
Source: Murray Allan, 2017; Geoscience BC; BC Orogenic Au Project
“Reinvigorated greenfields and brownfields
exploration activity in the Wells-Barkerville mining
camp of the Cariboo gold district (Barkerville Gold
Mines Ltd., 2017) emphasizes the ongoing and
potential future economic importance of orogenic
gold in British Columbia … The ‘eastern Cordilleran
gold belt’ of B.C. contains deposits of significant
mining and exploration interest.”
Murray Allan; Geoscience BC 2017

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SHEEP CREEK GOLD DISTRICT
17
• Sheep Creek Gold District = 3rd largest
past producing orogenic gold district in
BC
• Historical Gold Production (1900- 1951):
785,000 oz Au at 14.4 g/t Au average grade
• Historical Resource:
Sheep Creek (1)
Proven 36,391 tonne 13.4 g/t gold
Probable 31,908 tonne 18.2 g/t gold
Possible 114,572 tonne 9.6 g/t gold
Inferred 25,003 tonne 5.3 g/t gold
(1) Price, B. (P. Geo.), 1988. Geological Summary Report Nugget Mine Sheep Creek Area prepared
for Gunsteel Resources Inc. Please note these are historic production and reserve figures and
Margaux has yet to conduct work to classify them in accordance with NI43-101 standards
Gold Belt
1850 Level
Significant Historic Gold Production

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SHEEP CREEK GOLD DISTRICT
18
• 10 km long belt with 70+ known
veins including 32 past-producers
• High-grade gold veins
• Individual veins exploited over 550
m strike length, up to 500 m depth
• Strong structural & stratigraphic
control to veining
• Minimal modern exploration
Historic Producers; Untapped potential

19. TSX-V: MRL w w w. m a rga u x re s o u rc e s . c o mTSX-V: MRL w w w. m a rga u x re s o u rc e s . c o m
SHEEP CREEK GOLD DISTRICT
19
• Acquired property
• Compiled historic data
• Filed NI 43-101 Report
• Obtained 5-yr MYAB permit
for drilling, trenching, access
• Completed 19 hole, 4,040 m
drill program
• 15.3 g/t Au over 1.85 m
• 12.7 g/t Au over 1.0 m
• Additional results pending
58.63 g/t Au
Reno Ore Bin
Significant 2017 Progress

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KOOTENAY ARC
LEAD-ZINC DISTRICT

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PROLIFIC KOOTENAY ARC
• Kootenay Arc: a crustal-scale zone of
collision, mountain building & prolific
mineralization extends 300 km
• Contains numerous zinc-lead deposits:
• Past Producers: Jersey, Emerald, Reeves
MacDonald, HB, Blue Bell
• Current Producer: Pend Oreille
• Largest Pb-Zn deposits in Kootenay Arc
• 6-10 million tons at 4% Zn, 2% Pb
• Brownfield & greenfield potential
• Proximal to world class Pb-Zn smelter
21
Safe and Stable Jurisdiction
Gold mill
with capacity
Lead-zinc
smelter

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• Historical Production (1949 – 1970): 8.0 Mt @ 5.78% Zn-Pb
• Stratabound lead-zinc mineralization within Cambrian limestone
• Post-depositional folding, local Au, W skarn overprint
• Flat-lying Pb-Zn zone, mined intermittently over 1,800 x 600 m
JERSEY Pb-Zn MINE
22
• Extensive historic data digitized
• Historical workings accessible

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Open pit and/or Underground Potential
23
2010 NI 43-101 resource estimate (1)
• Open pittable:
• Indicated: 5.3 Mt @ 1%Pb, 2.6% Zn
• Inferred: 17.0 Mt @ 1% Pb, 2.2% Zn (cut-off grade = 1.5% Pb+Zn)
or
• Underground:
• Indicated: 1.90 Mt @ 1.96% Pb, 4.1% Zn
• Inferred: 4.98 Mt @ 1.95% Pb, 3.37% Zn (cut-off grade = 3.5% Pb+Zn)
(1) Giroux and Gruenenberg (2014). Technical Report for the Jersey-Emerald Property, Salmo, B.C. for Margaux Resources Ltd., Report Date: March 15, 2014, Effective Date: February 28, 2014.
JERSEY Pb-Zn MINE

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Historic underground working (void)
Hypothetical pit outline
Cross-Section Jersey Mine, 6100N
Looking North
650 m
Emerald W
Dodger 4200 level
Limestone
Granitic Intrusive
Pb-Zn
Argillite
• Potentially open pittable Pb-Zn resource
• Indicated: 5.3 Mt @ 1%Pb, 2.6% Zn
• Inferred: 17.0 Mt @ 1% Pb, 2.2% Zn (cut-off grade = 1.5% Pb+Zn)
• Good geometry, limestone cap
• Local industrial demand for limestone (+/- 150 tpd)
JERSEY Pb-Zn MINE
24

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KOOTENAY ARC LEAD-ZINC
• Acquired Jackpot, Aspen properties
• Completed historic data compilation
• Obtained 5-yr MYAB permit for drilling,
trenching, access
• Completed 15 hole, 2,500 m drill program
25
Jackpot
Aspen
Jersey
Significant 2017 Progress
Drill Hole
From
(m)
To
(m)
Interval
(m)
Zn
(%)
Pb
(%)
Ag
(ppm)
JP17-03 8.5 14.5 6.0 6.52
including 10.2 12.5 2.0 14.90 2.0
JP17-06 63.23 99.53 36.30 1.48 1.0
including 68.68 71.39 2.71 6.10 2.3
JP17-07 107.00 157.68 50.68 2.30 0.22 2.6
including 112.09 120.59 8.50 6.66 0.70 6.5
including 142.67 144.76 2.09 6.01 0.26 4.1
including 152.88 154.00 1.12 6.78 0.23 1.9
JP17-08 8.00 171.00 163.9 1.41 0.13 1.7
including 8.00 14.00 6.00 6.86 1.3
including 26.20 28.20 2.00 7.69 0.18 1.6
including 110.00 113.50 3.50 7.81 1.72 15.7
including 163.10 171.90 8.80 7.13 0.93 8.4

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KOOTENAY ARC LEAD-ZINC
Numerous untested Pb-Zn targets, including:
Big Zinc
• 600 m x 300 m Zn boulder train, high –grade oxidized Zn boulders
• Typical grades > 50% Zn
• Large lenses Zn mineralization along regional fault zone (ripped off a parent
massive sulfide body?)
26
Upside Zn potential
• Values to 16% Zn over 7 m from
dismembered lenses
Wilson Creek
• 3 x 1 km Zn soil anomaly, > 1,000 ppm Zn
• Hosted by Active Fm argillite
• Potential SEDEX environment
• Untested by drilling

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TUNGSTEN
TAILINGS

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W Tailings
TUNGSTEN TAILINGS
• Recycling & metal recovery opportunity
• ~ 1.4 million tons tailings, deposited
between 1940-1970’s
• Waste from the historic Jersey-Emerald W
mine
• Tungsten prices up 50% since Jan 2017
• Technical and Environmental Partnerships:
CRONIMET Mining
• CRONIMET brings specialized, global
experience in tailings recycling
Salmo Watershed Streamkeepers Society
• A highly respected local branch of the
larger environmental group
28
Potential Near-term Cash Flow from Historic Tailings

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• 2017 preliminary assessment:
− Testing 3,500 kg of tailings material
− Taken from 11 locations on the
historical tungsten tailings
− Shipped to Cronimet for processing &
testing
• Results to determining potential economic
feasibility of recovering minerals from the
historic tailings
− Final results expected early 2018
• Margaux & partners applying for a bulk
sample permit with regulatory authorities
• Targeting Summer 2018 for implementation
of 10,000 tonne Pilot Project
LAB-SCALE PROJECT
29

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• CRONIMET & Margaux partnership on the historic tungsten tailings from the
Jersey-Emerald mine
− CRONIMET brings specialized, global experience in tailings recycling
• Phase 1: ~3,500 kg Laboratory-scale sampling and test campaign
• To provide greater understanding of future sampling, beneficiation and
remediation alternatives - plus economic, market and technical insight
• Phase 2: 10,000 tonne pilot scale campaign (1)
− To provide critical analysis of the recoverable minerals, the composition of the
remaining bulk material, and the recycling and remediation pathways
• Phase 3: Full-scale recycling project (1)
• Partnership is working with Salmo Watershed Streamkeepers Society with their
Rapid Assessment Rapid Remediation approach to better characterize the tailings
• Tungsten prices have increased by more than 50% since January 2017
CRONIMET PARNERSHIP
30
(1) Subject to receiving positive results and obtaining the required regulatory approvals and permitting