Moneta Porcupine Mines is expanding its gold resources in the prolific Timmins gold camp through the consolidation of its Golden Highway and O3 Mining's Garrison projects. The combined projects contain over 8 million ounces of gold resources and establish one of the largest undeveloped gold projects in North America. Moneta plans to aggressively explore the expanded land package and complete studies to advance development of the consolidated projects.

1. TSX: ME
OTC: MPUCF IXETRA: MOP
Creating a Major Canadian Gold Project
March 2021
EXPANDING GOLD RESOURCES IN THE
TIMMINS CAMP
OTC: MPUCF; Xetra: MOP
TSX : ME

2. Forward-Looking Statements
2
This presentation contains forward-looking information and forward-looking statements, collectively “forward-looking statements”. All
statements, other than statements of historical fact, that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration programs,
potential mineralization, future plans and objectives of the Company, updated to the mineral resources, and the timing and results
thereof) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company
based on information currently available to the Company.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to
differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially
realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could
cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the
availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations
affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other
risks involved in the mineral exploration industry.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements
are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.
Gary O’Connor, FAusIMM is a qualified person under NI 43-101 and has reviewed and approved the contents of this presentation.
TSX : ME

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Ontario Focused Gold
Explorer in the Timmins
Camp
Partnership with O3 Mining
FLAGSHIP ASSET
“Tower” Gold Project
Regional Resource Potential
• One of the largest undeveloped
gold projects in North America
• New discoveries in 2020
• Regional Scale Potential
• 70,000 m drill program
• Acquisition of O3 Garrison Project
completed
• Gold inventory of 4.0MM ozs
indicated & 4.4MM ozs inferred
• PEA’s on South West & Garrison
highlight robust economics
Completed combination of the
Golden Highway and Garrison
Gold Projects
Overview of Moneta

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Building World Class Size Gold Project
Creates a new top 3 Canadian
undeveloped gold project
Attractive synergies for
new mine build in Timmins
Re-rating Potential
• Combined projects –
Garrison (O3 Mining) and
Golden Highway (Moneta
Porcupine) – have 8.4 Moz
gold1
• 263 sq.km to explore in the
Timmins Camp
• Garrison and Golden
Highway: Completed PEA’s.
Potential for substantial
development flexibility and
operational synergies
• Robust economics shown at
$1,450/oz and $1,500/oz
gold
• Larger gold resource base,
increased funding and
permitting certainty and an
enhanced development
scenario
• Greater scale and potential
economic synergies
• More attractive to
institutional shareholders
1 2 3
Garrison Project
+
Golden Highway
Consolidation Highlights
1/ See Appendix – Mineral Inventory: N.I. 43-101 technical report Golden Highway dated on December 10, 2020, and Garrison Resources Update dated on December 14, 2020

5. Major New Gold Project in the Timmins Camp
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❖ Timmins Gold Camp has produced >85Moz Gold over the last 100 years
❖ Canada’s most prolific gold producing camp
❖ Excellent infrastructure (roads, power, mills and local workforce)
❖ Safe Jurisdiction: Ontario, Canada
Tower Gold Project
Tower Gold Project

6. Moneta’s Highlights
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Tower Gold Project has a Current Resource 1
of 4.0 million ounces of gold indicated and 4.4 million ounces gold inferred
Excellent potential for expansion
Expanded development options
❖ Ownership of Major Land Package consisting of a number of Gold Projects
along the Prolific Destor-Porcupine Fault Zone (DPFZ)
❖ Acquisition of O3 Mining Projects adds 73% to exploration land package
❖ Existing Infrastructure to support future gold production scenarios
1. December 08 2020 Micon International Limited & Ausenco Engineering Canada Inc. December 2020.
❖ South West PEA and Garrison Project PEA’s completed; Excellent economics
❖ No royalties or encumbrances on majority of resources
❖ 50% Ownership of Garrison Project JV with Kirkland Lake Gold

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Timmins Gold Camp
has produced >85Moz
Gold
Canada’s most prolific
gold producing camp
Contiguous Land Package
Top 3 Undeveloped Projects in Canada
Significant resource base
Established mining camp
Re-rate opportunity towards advanced developer peers
De-risking potential from financing and development
perspective
Well positioned amongst Canadian Developer peers:
Gold Projects in the Timmins Camp
Open pit
1.82 Moz Ind
1.06 Moz inf
Underground
0.63 Moz Ind
2.13 Moz inf
Open pit
1.10 Moz Ind
1.03 Moz inf
Open pit
0.41 Moz Ind
0.18 Moz inf

8. Corporate Information
8
TSX : ME
Shares Outstanding 553.9 Million 52 Week Range
High: $0.47
Low: $0. 06
Options ($0.20)
Warrants ($0.19)
23.9 Million
6.7 Million
February 25, 2021
Current Share Price $0.33
Fully Diluted 584.5 Million Market Capitalization $192 MM
Insiders have acquired shares in market in the last 12 months
Institutional Shareholders
Scotia (1832) Eric Sprott
Dundee-Goodman K2
RBC Mackenzie
Analyst Coverage
Don Blyth Paradigm
George Topping IAG
Kerry Smith Haywood
Cash Position $26M*
Debt Nil
*$22.6MM bought deal financing closed February 2021
Retail
32%
Institutions
37%
Insiders
4%
O3 Mining
27%
OWNERSHIP

9. Leadership: Management & Directors
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Management Team:
Gary O’Connor CEO
Jason Macintosh CFO, Corporate Secretary
Board of Directors:
Alex Henry Chairman
Ian Peres Executive Director
José Vizquerra Independent Director
Rod Cooper Independent Director
Alex Henry Independent Director
Blair Zaritsky Independent Director
Mark Ashcroft Independent Director
Josef Vejvoda Independent Director
Successful Track Record in Exploring, Developing and Producing
Team experience includes:

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One of the largest undeveloped gold mining
projects in North America
Benefits of project consolidation
Much larger scale project than originally
envisioned in recent PEA studies with substantial
economic benefits to be realized from operational
and development synergies
Expanded optionality for the development of
resources
Land position increase by 73% for resource
expansion in the prolific Timmins Gold Camp
Potential starter pit at Garrison with outcropping
gold mineralization to augment the development
of Moneta's open pit resources
O3 Mining to support Moneta through board
representation and as its largest shareholder
Combined exploration agreements and
consolidation of good working relations with the
Wahgoshig First Nation
Continued resource expansion and district
consolidation opportunities
Golden Highway Garrison

11. Moneta; Current Resources
11
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Tower Gold Project
Open pit
0.41 Moz Ind
0.18 Moz inf
Underground
0.63 Moz Ind
2.13 Moz inf
Open pit
1.10 Moz Ind
1.03 Moz inf
Open pit
1. 82 Moz Ind
1.06 Moz inf
Highway
Moneta/Kirkland Lake JV

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Mineral Resource Updates: December 2020
Tower Gold Project: Combined Resources
Open Pit Underground
Deposit Tonnes Grade Ounces Tonnes Grade Ounces
(t) (g/t) (oz) (t) (g/t) (oz)
SW Indicated 4,530,000 4.07 592,000
SW Inferred 9,607,000 4.01 1,238,000
WJS Indicated 40,582,000 0.84 1,100,000 6,000 3.90 1,000
WJS Inferred 28,956,000 1.10 1,028,000 143,000 4.06 19,000
WA Indicated
WA Inferred 4,367,000 4.71 662,000
55 Indicated 9,896,000 1.30 413,000
55 Inferred 5,079,000 1.10 180,000 123,000 4.65 18,000
Disc Indicated 141,000 3.49 16,000
Disc Inferred 658,000 4.00 85,000
WJN Indicated 182,000 3.98 23,000
WJN Inferred 813,000 4.08 107,000
Garcon Indicated 20,923,000 0.82 552,000
Garcon Inferred 7,056,000 0.87 197,000
903 Indicated 27,558,000 0.84 747,000
903 Inferred 30,760,000 0.69 682,000
Jonpol Indicated 17,786,000 0.91 523,000
Jonpol Inferred 7,521,000 0.76 183,000
Total Indicated 116,745,000 0.89 3,335,000 4,859,000 4.05 632,000
Total Inferred 79,372,000 0.89 2,270,000 15,711,000 4.21 2,129,000

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Production
Standalone gold production when
combined surpasses 200,000 Oz per
year
Exploration Potential
Future mine expansions possible by
further exploring open pit potential at
Golden Highway and Garrison
Metallurgy
Ores from both projects are compatible
using conventional process flow sheets
Capital Costs
Standalone initial capital costs of the
assets combined will be considerably
reduced through realization of project
synergies
Industrial Facility Footprint
The overall footprint of the facilities
reduced as common buildings, process
plant area, and tailings storage areas
are combined
Increased Funding Potential
O3 Mining and Moneta Porcupine
partnership improves access to funding
options and lower cost of capital
85% Significant increase in indicated resources 2.7:1
Starter pit at Garrison containing
1,070,000 oz Au at a grade of 1.04 g/t
Au at a strip ratio of 2.7:1
Value Creation

14. FD ITM Market Cap (C$MM) $277 $1,222 $739 $734 $1,025 $1,036 $423 $247 $283 $210 $185 $168
Au Eq. Resources (MM oz) 1.4 5.7 4.1 4.7 7.2 7.0 4.4 3.4 4.5 3.9 3.9 8.4
$0
$50
$100
$150
Battle
North
Osisko
Mining
Marathon
Skeena
Sabina
Osisko
Dev't
Corvus
Probe
Integra
Fury
KORE
New
Moneta
14
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Peer Group Comparison
Significant Potential Upside
EV/Au Eq. Resources (US$/oz)
Compelling New Moneta value proposition provides opportunity for re-rate
$16
Source: FactSet and company disclosure.
Notes: New Moneta shown pre-financing. Resources shown inclusive of reserves. Au Eq. resources based on consensus LT price estimates of (US$): Au-$1,600/oz; Ag-$22.50/oz.

15. Net Asset Value (C$M) EV / Au Resources Re-Rating Potential (C$/ME share)
$178
$594
--
$100
$200
$300
$400
$500
$600
$700
New Moneta
Market Capitalization
New Moneta
Valuation
C$0.34
per share
C$1.13
per share
C$0.34
C$0.83
C$1.24
C$1.58
C$2.05
Current
Moneta Share
Price
US$40/oz US$60/oz US$77/oz
(Peer Average)
US$100/oz
Premium to
Current
145% 264% 364% 503%
15
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Re-Rating Potential
Source: FactSet
Note: Shown pre-financing.
1/ As of January 13, 2020
Excluding synergies,
the Garrison and
Golden Highway
Projects will have a
combined NPV5% of
C$594 at US$1,500
Au or C$1.13 per
share

16. 16
Valuation Upside
EV / Resources (US$/oz AuEq) (1)
$131
$119 $118
$110
$94
$80
$69
$54
$43
$38 $35 $31
$16
Marathon
Battle
North
Osisko
Mining
Skeena
Sabina
Osisko
Dev't
Corvus
Artemis
Probe
Integra
Fury
KORE
New
Moneta
Peer Average: US$77/oz
Total Resources (Moz AuEq)
13.7
8.4
7.2 7.0
5.7 5.5
4.7 4.5 4.4 4.1 3.9 3.9
3.4
1.4
Artemis
New
Moneta
Sabina
Osisko
Dev't
Osisko
Mining
Moneta
Skeena
Integra
Corvus
Marathon
Fury
KORE
Probe
Battle
North
Creates a Timmins Gold Camp
development company with a
significant resource base
(3,967,000 ounces Au indicated
and 4,399,000 ounces Au
inferred)
+8 Moz
of gold
Consolidates 26,345 ha of
prospective ground in an
established mining camp
+25K ha
TSX : ME
Source: FactSet
Note: Shown pre-financing.
1/ As of January 13, 2020

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Strategic Location: Adjacent Resources
Tower Gold Project
Garrison Open Pit
• 1.82 Moz Ind
• 1.06 Moz inf
Golden Highway Underground
• 0.63 Moz Ind
• 2.13 Moz inf
Windjammer South Open Pit
• 1.10 Moz Ind
• 1.03 Moz inf
55 Open Pit
• 0.41 Moz Ind
• 0.18 Moz inf 2 km
Isometric view to NE NE
SW

18. Moneta: Expanded Plans and Program
18
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❖ Currently Planned, Underway and Financed
❖ Drill program underway: 70,000m
❖ Test Westaway underground resource extensions
❖ Expand South West resource
❖ Expand Windjammer South open pit resource to north and east
❖ Expand Discovery underground resource
❖ Infill 55 and Windjammer South Pits
❖ Reduce strip and increase ounces (improve economics)
❖ Expand starter pit (Garrcon); Open
❖ Test Garrison underground resources
❖ Expand 55 pit at Golden Highway
❖ Connect Windjammer South to South West
❖ Model South West near surface low grade
❖ Metallurgical test-work
❖ Resource Update
❖ Update expanded PEA (enlarged scope)
Tower Gold Project

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Moneta is well positioned and capitalized to advance the development of the combined entity and
create the next gold mine in Timmins Ontario
Moneta
Completion of combination
to form NewCo
H1-
2021
H1-
2021
Drill
Complete drilling campaign at
Golden Highway
30,000m
>2022
FS
Completion of Study
of combined project
H2-
2021
40,000m drilling program
Combined PEA & expanded
resource update
Metallurgical test work
PEA
2022
RE
New resource
estimate for
combined project
Milestones

20. 20
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Appendices

21. 21
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South West PEA: Summary Results
Robust Underground Development
Economics Pre-Tax Post-Tax
Net present value (NPV5%) C$ million $368.2 $236.4
Internal rate of return (IRR) % 39.2% 29.7%
Payback Period (undiscounted) years 2.9 years 3.4 years
LOM avg. annual cash flow C$ million $66.9 $48.6
LOM cumulative cash flow
(undiscounted)
C$ million $556.3 $371.3
Profitability Index NPV/Initial Capital 1.64
Peak Investment C$ million C$114.3
Initial Capital Costs C$ Million C$144.2
Sustaining Capital Costs (LOM) C$ Million C$135.7
Gold price assumption US$ per ounce US$1,500
Exchange rate US$/C$ 0.77
PEA Highlights
• After tax NPV5% of C$236MM
• After tax IRR of 30%
• At US$1,500/oz gold
• 3.4 year pay-back after tax
• Average C$49MM annual free cash flow
• C$371MM LOM after tax free cash flow
• US$590/oz after tax cash cost
• US$747/oz after tax AISC
• 1,750tpa mining rate
• Bulk underground mining
• 76,000oz/pa production
• 11 year mine life
*Micon International: September 2020

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Garrison: PEA Summary Results
Ausenco: December 2020 PEA*
Financial Results
❖ After tax NPV5% of C$321 MM
❖ After tax IRR of 33%
❖ US$1,450 per ounce gold
❖ 2.3 year pay-back after tax
❖ Royalty: 1.5%
❖ Average C$34MM annual free
cash flow
❖ C$323MM LOM after tax free
cash flow
❖ 12 year mine life
Preliminary Economics Post-Tax
Net present value (NPV5%) C$ million $321
Internal rate of return (IRR) % 33%
Payback Period (undiscounted) years 2.3
LOM avg. annual cash flow C$ million $34
LOM cumulative cash flow
(undiscounted)
C$ million $323
Profitability Index NPV/Initial Capital 1.2
Initial Capital Costs C$ Million $267
Sustaining Capital Costs (LOM) C$ Million $126
Cash Cost US$/oz US$721
All In Sustaining Cost US$/oz US$818
Gold price assumption US$ per ounce US$1,450
Exchange rate US$/C$ 0.75
*Ausenco, December 14, 2020

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CORPORATE CONTACT
Linda Armstrong, Investor Relations
Email: larmstrong@monetaporcupine.com
Phone: 647-456-9223
monetaporcupine.com