Rockcliff Metals : Innovation in Mine Design for Small Underground Deposits

CSE: RCLF

Innovation in Mine Design for Small Underground Deposits

December 2020

Cautionary Statements Regarding Forward-Looking Statements

CSE: RCLF

This Presentation includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Rockcliff Metals Corporation's ("Rockcliff") future plans, objectives or goals, including words to the effect that Rockcliff or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Rockcliff, Rockcliff provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this Presentation includes, but is not limited to, Rockcliff's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, successful exploration results, successful categorization of mineral resources into mineral reserves, successful development of a feasibility study, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to consult and accommodate First Nations and other indigenous peoples if potential issues arise, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Rockliff's public documents filed on SEDAR. Although Rockcliff believes that the assumptions and factors used in preparing the forward-looking information in this Presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this Presentation and no assurance can be given that such events will occur in the disclosed time frames or at all. Rockcliff disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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

This Presentation uses the terms Historical, Inferred and Indicated Resources. Investors (Canadian and U.S.) are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. Historical and Inferred Resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Historical or Inferred Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Historical and Inferred Resources may not form the basis of feasibility or other economic studies. Both U.S. and Canadian investors are cautioned not to assume that all or any part of Historical, Inferred or Indicated Resources will ever be converted into Reserves and will become upgraded into an economically or legally mineable deposit. Neither Rockcliff nor its Qualified Persons have done sufficient work to classify the historic estimates in this Presentation as current mineral resources under current mineral resource or mineral reserve terminology and are not treating the historic estimates as current mineral resources. The Historical Resources in this Presentation should not be relied upon.

This Presentation includes potential quantity and grade of targets for further exploration. Any reference to targets relates to a potential quantity and grade that is conceptual in nature and cannot be relied upon. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The potential quantity and grade has been extrapolated from existing resources.

Ken Lapierre P.Geo., VP Exploration of Rockcliff, 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

• Exploration Company with Intentions of becoming Copper producer
• Hub and Spoke Strategy with multiple advanced stage, near surface deposits feeding existing leased centralised mill. Pursuing a strategy of developing successive mines to keep the leased mill facility full.
• Deposits are typically small (~2Mt), high grade (~4% CuEq), narrow vein (1.5- 2.0m width) and steeply dipping (80deg - Vertical).
• Near-termproduction, targeted for 2022.
• Reduced capital requirements and expediting time to cash flow generation due to leased mill and tailings facility, and re-useof modular assets.

Putting multiple near surface high-grade

copper mines into production with

reduced upfront capital.

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Extensive Land Package in Manitoba, Canada

CSE: RCLF

Flin Flon - Snow Lake Greenstone Belt

Hudbay Minerals Inc. regional land package

Rail

Property

Copperman

Property

Bucko Mill

Rockcliff's land package extends over 4,500km2

Talbot

Property

Tower

Property

• Located in the most prolific Paleoproterozoic VMS district in the world.
• Rockcliff's asset portfolio is made up of a number of historic properties and a large tract of underexplored highly prospective land
• Historic properties are commonly high grade copper-dominant deposits with near-surface mineralisation.

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