This document summarizes Margaret Lake Diamonds' exploration targets in the Northwest Territories. It identifies two priority A drill targets, ML006 and ML049, based on airborne gravity gradiometry inversions. ML006 shows a large amplitude anomaly in an inversion model indicating a potential dense kimberlite body. ML024 is a priority B target with a large gravity anomaly over a lake corrected with satellite bathymetry data. The document also details the company's management team, property option agreements, recent exploration programs including gravity, magnetic, and till sampling surveys, and plans for an upcoming ground gravity survey on the Kennady project.

1. April 2015
Defining Drill Targets
in the Northwest Territories

2. 2
Disclaimer

3. Paul Brockington – President & CEO
- Mining engineer, executive, and former mining analyst with over 50 years
experience in resources exploration, development, finance, and operation.
Buddy Doyle - Director & VP Exploration
- Geologist with 31 years experience in mineral exploration. Led the team that
discovered the Diavik diamond deposits in 1994-95. Former Exploration Manager
for Kennecott/Rio Tinto.
Peeyush Varshney, L.L.B. – Director
- Lawyer with over 17 years experience in capital markets. Principal of Varshney
Capital Corp. and Director of Mountain Province Diamonds Inc. (TSX : MPV)
3
Management

4. Mark Thompson – Director
- Fund manager and executive with extensive experience in natural resource
investment, co-founder of Galena Asset Management Ltd.
Darryl Sittler – Director
- Retired NHL hockey player, board member for several public companies.
Thomas Hasek, P.Eng – Chief Operating Officer
- Geologist with over 40 years experience in mineral exploration. Former president
of Brett Resources Inc. (later acquired by Osisko Mining)
Debbie Lew, C.P.A., C.G.A. – Chief Financial Officer
- Certified General Accountant, officer of several public companies.
4
Management

5. Shares Issued:
24,053,009
Warrants:
4,924,000 @ $0.25 (April 22, 2016)
648,000 @ $0.30 (October 28, 2015)
Options:
980,000 @ $0.10
5
Share Structure

6. Area Map
6

7. Margaret Lake Property Info
• Located in the southern Slave Craton, host to
two significant diamond mines: Snap Lake and
Gahcho Kué (under construction)
• Property is 10km north of De Beers / Mountain
Province Diamonds’ Gahcho Kué project
• Winter road to Gahcho Kué crosses the
Margaret Lake property
7

8. 8
Margaret Lake Property Option
• MLD has earned a 60% by incurring over $1mm
of work expenditures prior to October 13, 2014
• An additional expenditure of $1mm by October
13th
, 2015 to increase interest to 70%
• The vendor and owner of the residual 30%
interest has the option, but not the obligation,
to sell to MLD for $3mm
• No option payments, share consideration, or
royalties payable

9. 9
Margaret Lake Property Program
• Contracted CGG Canada to fly HeliFALCON® system
which incorporates gravity and magnetics
• Over 2,800 line kilometers on 75 meter line-spacings at a
nominal 45 meters above terrain
• Completed detailed property-wide bathymetry using
Worldview2 high-resolution satellite imagery
• Bathymetry aided in the interpretation of gravity data
and target definition a year earlier than conventional
bathymetry
• 160 till samples were collected

10. 10
Marlin Property Info
• 23 claims covering approximately 25,834 hectares,
contiguous to the west of the Margaret Lake
property and to the N and W of Kennady Diamonds
• 2 indicator mineral trains & untested airborne
anomalies
• MLD can earn a 49% interest with expenditures of
$1.75mm over 3 years
• MLD met year one obligation of $500,000
• JV agreement at 30% or 49%

11. 11
Marlin Property Map
Gahcho Kue
Diamond Mine

12. 12
Marlin Property Program
• Till sampling completed in August, 126 samples
taken, sampling locations determined through
re-analysis of Canterra’s proprietary database
• HeliFALCON® survey was extended to fly the
original ~10,450 ha Marlin claims, over 1,500 line
km flown
• Detailed property-wide bathymetry using
Worldview2 high-resolution satellite imagery
was completed

13. 13
Satellite DTM with Bathymetry
By using Satellite Bathymetry, MLD has saved time
and money compared to all previous workers.
Faraday

14. 14
2014 Till Sampling Program

15. 15
Executive Summary
• Airborne Gravity Gradiometry (AGG) data over
23 targets was inverted
• The recovered models showed a variety of body
shapes and density contrasts
• The inversion results can help with further
prioritization before drilling

16. 16
Preliminary Target Ranking
Priority A Target
Priority B Target
Priority C Target

17. 17
Inversion Modelling Ranking
• Prioritized A targets (high to low):
• ML006
• ML049
• ML009
• Prioritized B targets (high to low):
• ML024
• ML047
• ML051
• ML026
• ML041
• ML014
• ML022
• ML021
• Non-modelled (to date) magnetic target:
• ML025: semi-isolated mag-high flanking dyke, no AGG response
(on land)

18. 18
AGG Targeting / Inversion
The targets
selected for
drilling based
on gravity
gradiometry
inversions

19. 19
ML006 – Data Summary

20. 20
ML006 – Inversion Results (1/2)

21. 21
ML006 – Inversion Results (2/2)

22. 22
ML024 – Data Summary
Large amplitude GDD
anomaly in lake after bathymetry correction

23. 23
ML024 – Inversion Results (1/2)

24. 24
ML024 – Inversion Results (2/2)

25. 25
Kennady Ground Gravity Survey

26. For more information:
Paul Brockington, President & CEO
T: (604) 630-2810
pbrockington@margaretlakediamonds.ca
#2050 – 1055 West Georgia Street
PO Box 11121, Royal Centre
Vancouver, B.C., V6E 3P3
www.margaretlakediamonds.ca