Rockcliff Metals : Corporate Presentation

CSE: RCLF

Investors Presentation

December 2020

Cautionary Statements Regarding Forward-Looking Statements

CSE: RCLF

Cautionary Note to Investors Concerning Estimates of Historical, Inferred and Indicated Resources and References to Targets for Further Exploration

This presentation contains "forward-looking information" within the meaning of applicable Canadian securities laws . Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or the negatives and / or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". In particular, the forward-looking statements in this presentation include, without limitation, statements regarding: future projected production, capital costs and operating costs, recovery methods and rates, development methods and plans, commodity prices and mineral resource estimates. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward looking statements are based on the certain assumptions opinions and estimates as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: delays resulting from the COVID-19 pandemic, changes in market conditions, unsuccessful exploration results, possibility of project cost overruns or unanticipated costs and expenses, changes in the costs and timing of the development of new deposits, inaccurate resource estimates, changes in the price of copper or zinc, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. The Company believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in the forward-looking statements. For a discussion in respect of risks and other factors that could influence forward-looking statements, please refer to the factors discussed in the Company's Management Discussion and Analysis for the year ended March 31, 2020 and subsequent quarterly financial reports under the heading 'Risk Factors'. These factors are not, and should not be construed as being exhaustive.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this presentation is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this presentation. The Company does not undertake any obligation to publicly update or revise any forward-looking information after the date of this presentation to conform such information to actual results or to changes in the Company's expectations except as otherwise required by applicable legislation.

QP

Ken Lapierre, P.Geo., VP Exploration of Rockcliff Metals Corporation, a Qualified Person in accordance with the Canadian regulatory requirements as set out in NI 43-101 has read and approved the geological and Resource information that forms part of the basis for the disclosure contained in this presentation.

Mike Romaniuk P.Eng., VP Projects of Rockcliff Metals Corporation, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this presentation.

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Company Overview:

Advancing Towards a Production Decision

CSE: RCLF

• Positive PEA Results demonstrates path to copper production, utilizing leased mill and tailings facility, and re-use of modular assets.​
• Hub and Spoke Strategy with multiple advanced stage, near surface, high- grade deposits, feeding existing centralized mill.
• Exploration Upside: 4,500km2 of underexplored land package in the largest
  VMS district in the world.
• Located in Tier 1 mining jurisdiction: Extensive Land Package in Manitoba, Canada.
• Experienced Board and Management team in place that has successfully financed, built and commissioned multiple mines.

Putting multiple near surface high- grade copper mines into production with low upfront capital.

Extensive Land Package in Manitoba, Canada

CSE: RCLF

Flin Flon - Snow Lake Greenstone Belt

Rail

Property

Hudbay Minerals Inc. regional land package

Copperman

Property

Bucko Mill

Rockcliff's land package extends over 4,500km2

Talbot

Property

Tower

Property

• Located in a prolific VMS district.
• Rockcliff's extensive property portfolio totals approximately 4,500km2
• Portfolio of 7 high-grade copper dominant deposits with near-surface mineralization.
• Completed over 75km of drilling in the past 18 months.
• In 2020, published three NI 43-101 technical resource reports - Talbot, Tower and Rail.
• Released highlights of a Preliminary Economic Assessment (PEA) - Tower, Rail and Bucko Mill.

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