Searchlight Resources : Corporate Presentation - January 2021

TSX. V:SCLT | US:CNYCF | FSE:2CC2

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SASKATCHEWAN

CORPORATE PRESENTATION

January 4, 2022

Forward Looking Statements

All statements in this document regarding exploration projects for Searchlight Resources Inc. ("Searchlight", or "SCLT"), other than statements of historical fact, are "forward-looking information" with respect to Searchlight within the meaning of applicable Canadian securities laws, including statements that address future mineral production, reserve potential, exploration drilling, the current or future price of commodities, potential quantity and/or grade of minerals, potential size of a mineralized zone, potential expansion of mineralization, the timing and results of future resource estimates, or other study, proposed exploration and development of our exploration properties and the estimation of mineral resources. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases, or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Searchlight to differ materially from those anticipated in such forward-looking information. Stephen Wallace, PGeo., is the designated qualified person for Searchlight within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this document for the Searchlight exploration projects.

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About Searchlight

Searchlight is a TSX.V listed exploration and development company

Experienced team involved in significant Gold and Uranium discoveries

Compelling portfolio of mining assets includes Uranium, Gold, Rare Earths, Nickel and Copper-Zinc VMS

Commodities are in high demand for clean technology needed to achieve global decarbonization, Uranium prices are trending higher

Saskatchewan is rated #1 jurisdiction for mining investment in Canada in 20201

LATEST NEWS: Highly prospective Uranium Zone identified close to Uranium mining infrastructure

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Midwest Lake 1979

1The Fraser Institute

Company Directors

Stephen Wallace P.Geo. President, CEO and Director

Mr. Wallace has 35 years experience in the Mineral Exploration and Development industry from field geologist to President, CEO and Corporate Director, employed with Junior through Major companies and government agencies. Mr. Wallace has been the director and executive of multiple public companies including the founding President and CEO of Castle Resources. He was VP Exploration of Trade Winds Ventures, advancing the Block A gold deposit to over 4 million ounces, which was subsequently bought by Detour Gold for $84 million and will become Detour Gold's planned West Detour open pit mine in 2023.

Alf Stewart, B.SC Hons. Geology, MBA Chairman, Director, VP Corporate Development

Alf Stewart, has a career spanning over 40 years in the resource and investment industries. Mr. Stewart's career includes time spent as a VMS and Uranium geologist, stock exchange regulator, investment banker, analyst and investment advisor. Mr. Stewart has worked for such firms as Bank of Montreal, Esso Minerals, Erickson Gold Mining, Canaccord Capital, Haywood Securities, Golden Capital, and Raymond James. He has been involved in financing mining companies for over twenty-five years, including discoveries in the base and precious metals sectors.

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John Kerr, P.Eng. Geologist Independent Director

Mr. Kerr graduated from the University of British Columbia in 1964 with a Bachelor of Applied Science (BASc) degree in Geological Engineering. He has participated in the mining industry continuously since graduation as an exploration geologist. Successful ventures include recognition and discovery of the Santa Fe gold mine, identification of the Calvada gold mine, and discovery of the Mindora gold/silver deposit, all located in Nevada. Mr. Kerr has served as a director of numerous public companies and is currently a Director of Quaterra Resources (TSX.V: QTA) Eureka Resources (TSX- V:EUK) and Bravada Gold Corp (TSX-V:BVA).

Peter Dueck P.Geo. MBA Independent Director

Mr. Dueck has been involved in the resource exploration industry since 2001, working with a variety of gold, copper, zinc and uranium companies. Until early 2018, he held the position of Chief Geophysicist for Hudbay Minerals Inc. in Flin Flon, Manitoba. In addition, Mr. Dueck was President of Pioneer Aerial Surveys Ltd. and founder of Aerial Imaging Resources Inc. (AIR), a UAV-based geophysical survey company. Mr. Dueck was also VP Geophysics and Geomatics at Axiom Exploration and is currently the Head of Applied Geophysics for GoldSpot. Mr. Dueck holds a B.Sc. in Geophysics from the University of Saskatchewan as well as an MBA from the University of Wales.

Projects located in top mining jurisdiction in Canada

Saskatchewan

Why Saskatchewan?

• Established mining infrastructure
• Cooperative government
• Mining-friendly
• Timely permitting
• Past-producingmines
• Experienced workforce
• Safe jurisdiction
• High-gradeuranium
• World class geology

KULYK LAKE

Rare Earths, Uranium

DUDDRIDGE LAKE

Uranium, Copper,

Cobalt, Vanadium

WAPAWEKKA LAKE

Copper, Gold

REEF LAKE

Nickel, Copper

FLIN FLON NORTH

Copper, Zinc, Gold

BOOTLEG LAKE/

ROBINSON CREEK

High Grade Gold

HANSON LAKE

Rare Metals, VMS,

Copper

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