#1OURCES VIN High Grade Gold in Japan "A Unique Opportunity, A Unique Strategy" www.irvresources.com January 17, 2020 IRV:CNX IRVRF:OTC This document is for information purposes only and is not an offer to sell, nor a solicitation of an offer to purchase, any securities. It does not purport to contain all of the information that a prospective investor may require and it is not intended tocprendecany legal, tax or investment advice.#2OURCES ING Disclaimer IRV:CNX Some statements in this presentation contain forward-looking information (within the meaning of Canadian securities legislation), including without limitation statements as to the potential, through exploration work including drilling, to define a mineral resource. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the ability to complete exploration activities including future drilling as currently contemplated, customary risks of the mineral resources exploration industry as well as Irving Resources Inc. ("Irving" or the "Company") having sufficient cash to fund exploration activities, as well as other risks and factors mentioned in the continuous disclosure filings of Irving which can be found under its profile on the SEDAR website (www.sedar.com ). Shareholders and prospective investors are therefore cautioned not to place undue reliance on forward-looking information. Irving undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Dr. Quinton Hennigh, the Company's Technical Advisor and Director and a Qualified Person as defined by National Instrument 43-101, has approved the technical contents of this presentation. 2#3RV Capital Structure IRV:CNX Shares Outstanding: Capital Structure (January 2020): 53,393,994 Options Outstanding: 3,958,334 (Directors, Officers, Employees and Consultants) Warrants Outstanding: 942,641 942,641 at C$1.75 - November 26, 2020 Issued Shares - Fully Diluted: 58,294,969 Management/Directors (FD): Newmont Goldcorp: Cash: Approximately C$8.0 M 16.00% 6.96% 3#4ING Directors, Management, Advisors IRV:CNX Akiko Levinson, President, CEO, Director - Ms. Akiko Levinson has over 20 years of experience in the junior mining market including mining finance and 'end-to-end' rare earth mineral investment. Ms. Levinson was previously the President and a director of Gold Canyon Resources Inc. and is currently a director of Novo Resources Corp. Quinton Hennigh, Director and Technical Advisor - Dr. Quinton Hennigh is an economic geologist with more than 25 years of exploration experience with major gold mining firms including Homestake Mining, Newcrest Mining and Newmont Mining. Currently, Dr. Hennigh is Chairman, President and director of Novo Resources Corp. and director of Miramont Resources Corp, TriStar Gold, Inc., Precipitate Gold Corp and NV Gold Corp. Douglas Buchanan, Director - Mr. Douglas Buchanan, Q.C. is Senior Counsel and Co-Head of North American Infrastructure at Norton Rose Fulbright. Mr. Buchanan has extensive experience in the area of mergers and acquisition, project development and project finance, with emphasis on the natural resource and infrastructure sectors. His personal and business connections in Japan go back more then forty years. Kevin Box, Director - Mr. Kevin Box is a Geographic Information Systems Analyst specializing in mineral exploration for over 14 years. Mr. Box is currently the GIS and Research Manager for Irving Resources and Novo Resources Corp. Haruo Harada, Director - Mr. Haruo Harada graduated from Kagoshima University with a B.Sc. and M.Sc. in Science and has over 30 years experience in mineral exploration around the globe. Over the past three years, he has worked closely with management of Irving through his role as Director of Mitsui Mineral Development Engineering Co., Ltd., Irving's lead contract engineering firm in Japan. Lisa Sharp, CFO - Ms. Lisa Sharp, CPA, CGA has over 20 years of senior management experience in a variety of industries including mining, environmental technology and remediation. For the past 15 years, she has focused on public companies listed on the TSX, TSX Venture Exchange and AMEX. Hidetoshi Takaoka, Chief Mining Engineer, Irving Japan- Mr. Hidetoshi Takaoka is a geologist with more than 40 years exploration and mining experience. Mr. Takaoka spent the majority of his time with Sumitomo Metal Mining Co. Ltd. (SMM) where he was instrumental in early exploration at Hishikari Mine, Japan and was responsible for the discovery of the world class Pogo Mine, Alaska. Takeshi Uemoto, Project Manager, Irving Japan - Dr. Takeshi Uemoto holds a B.Sc and M.Sc. from Hiroshima University and a Ph.D. from the University of Western Australia. Dr. Uemoto has worked as senior exploration geologist for Gold Fields Australasia at its St. Ives and Agnew gold mines in Australia and prior to that as senior geologist for Mitsubishi Materials Corporation exploring for geothermal resources in Japan. Toshiyuki Goto, General Manager, Irving Japan - Mr. Toshiyuki Goto is a mining engineer with 25 years experience in operations and development of Sumitomo Metal Mining Co. Ltd.'s Hishikari gold mine, the largest gold mine in Japan.#5OURCES ING Working in Japan IRV:CNX Working in Japan is all about building relations and trust. Irving is uniquely qualified to explore in Japan: Our team is mostly Japanese. Mitsui Mineral Development Engineering Co., Ltd. ("MINDECO") is our lead contractor. Built a long-standing relationship with Japan Oil, Gas and Metals National Corporation ("JOGMEC"). Developed close connections with many Japanese mining houses. Established strong relations with the Japanese academic community. Earned a good report with Japanese government authorities. Developed excellent relations with local communities and forestry association. 5#6ING Gold Mining in Japan IRV:CNX Since the beginning of the Edo period (1601), over 20 Moz of gold have been produced from Japanese gold mines...the top five being Hishikari, Sado, Konomai, Kushikino and Taio. All of these mines exploit high- grade epithermal deposits. Hishikari mine (Sumitomo Metal Mining Co. Ltd.), Japan's largest gold mine, has produced over 7 Moz Au (as of March, 2015) since its discovery in 1981. Current head grades are around 30 gpt Au. Considerable reserves and resources remain. Japan's second largest gold mine, Sado Kinzan (Mitsubishi Materials Corporation), produced 2.51 Moz Au and 74 Moz Ag over a continuous mine life of 388 years beginning in 1601. Grades averaged 5.2 gpt Au and 153 gpt Ag. Konomai mine (Sumitomo Metal Mining Co. Ltd.), Japan's third largest gold mine, produced 2.35 Moz Au and 38.6 Moz Ag between its discovery in 1915 and mine closure in 1973. Kyushu Shikoku Hokkaido Honshu Tokyo N 800 km 6#7OURCES ING Modern Gold Mining in Japan IRV:CNX Hishikari mine is the largest active gold mine in Japan. Gold production is about 225 Koz per year. A head grade of 30 gpt Au is achieved by ore sorting, optical ore sorters used for small pieces of rock and hand labor used for sorting larger pieces (right). Hishikari has no mill. High-grade ore is shipped to Sumitomo Metal Mining's smelters where it is utilized as smelter flux. Gold and silver are recovered during smelting and refining of copper resulting in high recoveries and low processing costs. Similarly, silica-rich gold ores ("keisan-ko") from the Akeshi mine (Mitsui Kushikino Kozan Co. Ltd.) and Kasuga and Iwato mines (Nippon Mining) are utilized for smelter flux. The Kushikino mine complex (Mitsui Kushikino Kozan Co. Ltd.) is the only operating gold mine utilizing a CN mill for processing. Gold-bearing industrial waste and low grade ore from Hishikari are also treated at this facility. 「指差呼称の行 7#8OURCES ING Modern Gold Mining in Japan Japan is an environmentally conscientious country. Although mining is still active, it must be conducted in the utmost responsible manner. Tolerance for large open pit mining and commensurate milling complexes and tailings dams is low. Hishikari is an underground mine with a very small surface footprint (upper right). Ore is shipped offsite and waste rock is either returned underground or crushed and used for road aggregate. This is the ideal Japanese mine. Sumitomo Metal Mining Co. Ltd. has done an exquisite job reclaiming the Konomai mine site to its native state (lower right). Such responsibility is what the Japanese people expect from modern mining companies. IRV:CNX 8#9OURCES ING Smelter Flux Industry in Japan IRV:CNX Mining silica-rich gold ores and using them for smelter flux has a very long history in Japan. Each year, Japanese smelters require many hundreds of thousands of tonnes of silica flux. Mitsui, Sumitomo Metal Mining, Sumitomo Corporation, Nippon Mining (JX), Mitsubishi, Dowa and Toho Zinc operate smelters. Silica flux from Japanese gold mines (Hishikari, Akeshi, Kushikino) is currently used in some smelters. Others rely on silica from various other domestic and international sources. Demand for new sources of silica-rich gold ores is strong. GUD 9#10ING Smelters in Japan Smelter operated by a company Kosaka (Dowa) Cu, Pb, Sn lijima (Dowa) Zn Mine Smelter operated by a joint venture (main investor) Naoshima (Mitsubishi) Cu IRV:CNX Tamano (PPC) Cu Takehara (Mitsui) Pb, Sn Chigirishima (Toho zinc) Pb Ikuno (Mitsubishi) Kamioka (Mitsui) Sn Pb, Zn Oevama (Nippon yakin) Ferronickel wwwwww Hachinohe (Taiheiyo) Ferronickel Hachinohe (Mitsui) Zn, Pb Hikoshima (Mitsui) Zn Saganoseki (PPC) Cu Hyuga (Sumitomo) Ferronickel www Hishikari (Sumitomo) Au Shisaka (Sumitomo) ZnO www Besshi (Sumitomo) Ni Toyo (Besshi) (Sumitomo) Cul wwwww Hosokura (Mitsubishi) Pb ww Onahama (Mitsubishi) Cu Harima (Sumitomo) Ni sulfate Onahama (Toho zinc) Zn www Hitachi (Nippon mining) Cu, Sn Annaka (Toho zinc) Zn Matsuzaka (Vale) Ni oxide PPC (Pan Pacific Copper) Nippon mining > Mitsui JV 10 10#11VING RY Irving's Strategy IRV:CNX Irving recognizes the sensitivity of mining gold in Japan and has developed a strategy to honor this. Criteria Irving uses to select exploration targets include: High-silica, precious metal-rich veins that are suitable as smelter flux. No milling will be required. Deposits with low sulfur and deleterious elements including As, Sb and Hg, thus making them environmentally friendly and suitable as smelter flux. Deposits that will have a small surface footprint when mined. Ideally near shipping facilities enabling easy transport to Japanese smelters. Low impact on communities, cultural heritage and environmentally sensitive areas.#12OURCES ING Low Sulfidation Epithermal ("LSE") Veins IRV:CNX DEPTH 0 m HOT SPRINGS, WATER TABLE This is the classic hot spring epithermal vein model in which gold and silver precipitate in response to boiling as geothermal waters rise toward surface (right). Deposits of silica (sinter) and clay form at surface such as at Yellowstone Park, USA (below). 100 m 200 m 300 m 500 m LEGEND siliceous deposits clays, alunite clays, illite (sericite at depth) chlorite, illite, montmorillonite, carbonate, epidote silica, adularia, albite country rock (unaltered) 900 m Modified from: Buchanan, 1981 VEIN BOILING LEVEL Can move up and down over time SINTER ORE MINERAL DEPTH ZONES pyrite, rare gold, mercury SHEETED VEINS IMPLOSION BRECCIA VEIN MAIN PRECIOUS METAL HORIZON BASE METAL HORIZON gold in pyrite, silver sulfosalts gold in electrum, silver sulfides galena, sphalerite, chalcopyrite 12#13ING Hishikari At veins NW near Hishikari, preferentially occur major unconformity between Cretaceous sedimentary rocks and overlying Tertiary volcanic rocks (right). Extensive clay alteration is present at surface. Veins locally bear abundant ginguro, banded sulfosalts, and silver electrum (below). HISHIKARI - Cross Section II III IV 岸 SE IRV:CNX Ш Shishimano Dacite 0.66 - 1.1 Ma Hishikari Andesites 0.95 - 1.78 Ma Daisen Ryosen Zuisen Hosen Sanjin I Alunite-cristobalite/tridymite 0.78 -1.05 Ma 200 m II Vein Shimanto Group Cretaceous Basement Cristobalite-smectite-kaolinite Quartz-smectite IV Interlayered illite-smectite chlorite-smectite Chlorite-sericite/illite 200 m Au-Ag Ore V Yamada Deposit, Hishikari Mine Au: 948g/t, Ag: 3,720g/t 1250 Modified from Ibaraki and Suzuki (1993), and Izawa et al. (1990). Sumitomo Metal Mining Co., Ltd. 13#14ING Hokkaido Model PALEOSURFACE ACID-LEACHED. ZONE KAOLINIZATION PALEO- WATER TABLE UNCONFORMITY 200 S M (approx.) HYPOTHETICAL BONANZA GOLD ZONE 200 SILICIFICATION SINTER APRON ILLITE n LAYER SMECTITE MIXED QUARTZ VEIN Sillitoe's Model for exploration in Hokkaido based on Hishikari. ~ IRV:CNX V FLUVIO-LACUSTRINE SEDIMENTS RHYOLITIC ASH-FLOW TUFFS+ INTERCALATED SEDIMENTS FLUVIO-LACUSTRINE SEDIMENTS ~ FLYSCH "BASEMENT" 14#15ING Irving's Japanese LSE Vein Projects Irving has established five large LSE vein projects in northern Hokkaido: • Omu: 168.29 sq km (16,829 hectares) of prospecting licenses and license applications, the 2.98 sq km (298 hectares) Omui Mining Right, and 2.18 sq km (218 hectares) of surface rights. Utanobori: 121.55 sq km (12,155 hectares) of prospecting license applications. Shimokawa: 48.5 sq km (4,850 hectares) of prospecting license applications. Engaru: 84.4 sq km (8,440 hectares) of prospecting license applications. Rubeshibe: 188.80 sq km (18,880 hectares) of prospecting license applications. Eniwa: 56.15 sq km (5,615 hectares) of prospecting license applications. Sado: 86.53 sq km (8,653 hectares) of prospecting licenses on Sado Island. All prospecting license applications have been accepted the Ministry of Economy, Trade and Industry ("METI"), Hokkaido Bureau, and a multi- step review is underway for the final approval. MINDECO is assisting the Company throughout the process. chun OR TH REA yang SOURCES Hambung eoul Songnam on SOUTH KOREA Daejeon Jeonju Daegu P'Ohang u culan Changwon Busan Korea Strait Senda CH'Ongjin IRV:CNX Irving's projects Yuzhne Sakhalk Shimokawa Project Area Sapporo Aomori Eniwa Utanobori Project Area Omu Project Area Engaru Project Area Rubeshibe Project Area Morioka Sado Island Project Area Yamagata Sendal Niigata Fukushima JAPAN Toyama Nagano Kanazawa Saltama Kawasaki Okayama Himej Kyoto Osaka Nagoya Tokyo Yokohama Hamamatsu Hiroshima Kobe Kitakyushu Fukuoka Kumamoto W Project Area 0 250 500 Kilometers Service Layer Credts Sources E HERE Delorme, Intermap, increment P Corp GEBCO, USGS, FAD, NPS, NRCAN Geollase, IGN, Kadaster NL. Ordnance Survey, Es Japan, MET, Esri China Hong Kong swisstope, Mapmynda, OpenStap contributors, and the OS User Community 15#16OURCES ING Irving's Omu Project IRV:CNX Most of Irving's recent exploration efforts have focused on Omu including: • Specialized stream sediment sampling (BLEG - bulk leach extractable gold) to identify mineralized areas. Close-spaced gravity measurements to help evaluate the structural framework of the hydrothermal "plumbing" system at Omu. Airborne (drone-based) magnetics to help evaluate structure and identify areas of hydrothermal alteration. Soil sampling over the Omui Mining Right and surrounding prospecting applications to help define anomalies for drill targeting. ING RESOURCE Shimokawa Project Area Hakodate Amort Muroran Ra Khok Yuzhno- Sakhalinsk Korsakov Utanobori Project Area Omu Project Area Monbetsu Kitami Asahikawa Sapporo Eniwa Project Area Tomakoma Ohire Engaru Project Area Abalin W Rubeshibe Project Area 0 100 200 Kilometers Hachinohe Service Layer Credits Sources Esn. HERE, Del ore, intemap, ncrement P Com GEBCO, USGS, FAQ, NPS NRCAN GeoBase IGN, Kadaster NL, Ordnance Survey, Ein Japan, METI, Esri China (Hong Kong, swisstopo, Mapmynda, OpenStreety.ap contibutors, and the G13 User Community 16#17ING BLEG Results 2017 Omu BLEG Results Au ppb 0-1.99 IRV:CNX Gold: Both the 1.99 -2.99 2.99 -3.99 3.99 -6.99 Omu and Hokuryu historic mining areas are well defined by BLEG gold results. Gold anomalism extends to areas well east and southeast of the Omui mine site. Gold anomalism covers a vast area surrounding the Hokuryu mine. 6.99 -9.99 9.99-20 > 20 Residual downstream anomaly Omu Sinter Hokuryu Mine Omui Mine 5 km 3 km 17#18OURCES ING Gravity Results Bouger horizontal gravity gradient clearly highlights major fault structures, ones that likely control the "plumbing" of the hydrothermal systems at Omu. Graben-bounding structures are evident. Note that Omui mine and the Omu sinter are connected along faults defining the eastern margin of the graben. Hokuryu sits astride faults defining the western margin. Hokary Mine 5km Graben Omui Nine IRV:CNX Omu Sinter 18#19ING Drone-based Magnetics After recognizing the challenge of undertaking ground-based magnetics surveys in dense bamboo, the decision was made to develop a drone-based magnetics system in early June, 2017. By September, MINDECO completed engineering and construction of a drone-based magnetics system. Surveys were conducted at Omui mine site and the Omu sinter in October. IRV:CNX 19#20OURCES ING Drone-based Magnetics IRV:CNX At Omui mine site, a plot of magnetic analytic signal shows a complex network of low magnetic intensity (blue) where hydrothermal alteration has obliterated traces of magnetite in volcanic rocks, a possible indication of vein systems at depth. Note, the northwest-trending zone of low magnetic intensity extending from the Nanko prospect through the historic Honpi mine site. This is parallel to a prominent gravity gradient highlighting a graben-bounding fault underlying this area (lower right). R Honpi Nanko ine 1 km 20 20#21OURCES ING Drone-based Magnetics At Omu sinter, a plot of residual intensity profound magnetic shows a north- northeast trending zone of low magnetism (blue) where alteration hydrothermal has obliterated traces of magnetite in volcanic rocks. Irving views this zone as a robust target prospective for high- grade epithermal vein mineralization. Note, this zone is coincident with a prominent gravity gradient highlighting a graben-bounding fault underlying this area (upper left). Oma Sinter 1km Omu Sinter IRV:CNX 21 27#22OURCES ING Omu Sinter Drilling Between mid-March and late July, 2019, Irving completed eight diamond drill holes at Omu Sinter targeting high- grade veins under the sinter terrace. Hole 190MS-002 encountered 0.32 m grading 118.5 gpt Au and 1,410 gpt Ag, a stellar start for a previously unexplored hot spring system. 4941900 4942100 4942300 4942500 4942700 4942900 IRV:CNX 651600 651800 652000 652200 652400 OMS 004 305 AT 515 1906-002 135.9 A HOME 0030 dip 113 Ar 55 00 150MS-407 115 Az 45 dp 190MS-008 295 Az 83 dip 150MS-005 107 A THOMS 00 107 AV 40109 343 m 421.2 m 190MS-001 45 dip 312.1 m 410 0 W Meters 200 RVIN OURCES 651600 651800 652000 652200 652400 22 4941900 4942100 4942300 4942500 4942700 4942900#23ING Omu Sinter Drilling IRV:CNX Hole 190MS-001 From (m) To (m) Length (m) Au (gpt) Ag (gpt) Au eq (gpt) Ag-to-Au ratio 61.20 62.66 1.46 5.15 13.0 5.31 2.5 including 61.90 62.12 0.22 10.20 31.9 10.58 3.1 190MS-002 183.75 191.92 8.17 5.40 105.9 6.68 19.6 including 184.39 185.72 1.33 29.77 575.7 36.71 19.3 including 184.93 185.25 0.32 118.50 1410.0 135.49 11.9 190MS-003 356.10 357.40 1.30 3.65 27.5 3.98 7.5 190MS-004 177.59 178.37 0.78 1.85 444.0 7.20 240.0 190MS-005 308.27 310.30 2.03 12.92 44.1 13.45 3.4 including 308.93 310.30 1.37 17.80 59.4 18.52 3.3 190MS-006 136.50 139.50 3.00 1.18 656.3 9.09 556.2 138.50 139.50 1.00 2.57 1570.0 21.49 610.9 190MS-007 304.10 310.10 6.00 0.73 159.3 2.65 218.2 including 304.10 305.10 1.00 1.35 686.0 9.62 508.1 190MS-008 5.70 7.70 2.00 1.04 16.4 1.24 15.8 Au eq (gpt) = Au (gpt) + Ag (gpt)/83 23#24OURCES ING Omu Sinter CSAMT IRV:CNX source Irving and Newmont undertook a controlled audio- magnetotelluric ("CSAMT") survey over Omu Sinter between June and July, 2019. Resistivity clearly shows the structural "plumbing" underlying the extinct hot spring. Irving's initial drilling was not optimal given this survey was completed after the first eight holes were finished. Irving thinks the prospective boiling horizon lies at depths of +350 m at Omu Sinter. The first eight holes did not adequately test this level of the system. With this CSAMT data, Irving can now sharp shoot the structural feeders at the boiling level. 24#25Omu Sinter Targeting ING RESOURCE IRV:CNX 11625 11575 11525- 11475 11425+ 11375 11325 11275- 11225 11175 11125- 11075 11025 10975- 10825- FOU m of 5.31 gpt Au eq OMS-00 + 10875- 10825 10775 10725 10675- 10625 10575 105825 10475 10¢25 +++++++ -300 + + ++ +++ mo 20 gpt Au eq + A+++ +++ ++++ ++++++ + ++ ++ 190MS-004 ++ +190MS-005+++++++++++ 790MS-001 2.03 m of 13.45 gpt Au eq Boiling Zone +++ Targeted High-Grade Zone -Blan section -145.89 +++++At ++ ++++ 300 ++ 100 Plunge 00 Azimuth 023 S 300 -600 25#26OURCES ING Omui Soil Sampling Results Soil gold anomalism is extensive at Omui. At Honpi and Nanko, many "hot spots" are evident, a likely indication that more veins have yet to discovered. be A robust soil gold 2017 Soil Data Omul Au PPM 0.000025-003 075.04 003-01 03-05 01-015 =405 Hompi Hohn NE Home EHonpi SW Hortp NE Nank IRV:CNX Saking a anomaly has yanko E-Nanko emerged at Sakinyama. Mineralization is open to the east. 1 km 26#27ING High-Grade Veins at Omui Vein textures including implosion breccias, poly-stage vein formation and cross-cutting veins suggest mineralization at Honpi formed in a dynamic near-surface setting. Honpi is the main vein mined at Omui. The big question is what is going on at depth?! IRV:CNX Implosion breccia, 480 gpt Au, 9,660 gpt Ag 27 Cross-cutting veins; un-assayed Banded vein+ginguro, 67.6 gpt Au, 1,060 gpt Ag#28OURCES ING Omui CSAMT IRV:CNX CSAMT at Omui shows a similar pattern to that seen at Omu Sinter. Lots of resistive structural are evident, the "plumbing" system that generated the high-grade veins. zones Like Omu Sinter, boiling is believed to have occurred at +350 m at Omui. In late 2019, Irving drilled a series of shallow holes to test for near surface high grade, but it also drilled one deep hole testing the main resistive zone at the level of boiling, hole 190MI-010. This hole encountered multiple quartz veins, most of which display ginguro and electrum, a very encouraging start. Assays from this hole are pending. Core from this hole will be on display at the Roundup Core Shed on January 20 and 21, 2020. 28#29OURCES ING Omui Drilling Holes 190MI-001 through 190MI-007 and 190MI-009 tested for shallow high- grade veins. Hole 190MI-008 test the Sakinyama target. Hole 190MI-010 is the first deep test of the main vein zone at the boiling level. This hole encountered multiple veins with ginguro and electrum. Assays are awaited. 190MI-008 IRV:CNX 190MI-001 190MI-003- 190MI-004 19OMI-002 190MI-007 190MI-006 190MI-010- Sakinyama 190MI-005 Honpi 190MI-009 Nanko 29 29#30OURCES ING Omui Drilling IRV:CNX Results for holes 190MI-001 and 190MI-002 have returned. Assays for holes 190MI-003 though 190MI-010 are awaited. Hole From (m) To (m) Length (m) Au (gpt) Ag (gpt) Au Eq (gpt) 190MI-001 5.30 6.30 1.00 19.25 27.50 19.57 45.92 47.00 1.08 4.38 6.15 4.45 including 45.92 46.50 0.58 6.34 8.52 6.44 190MI-002 46.40 58.50 12.10 1.58 139.90 3.23 including 54.70 56.50 1.80 6.05 808.18 15.56 including 55.55 55.88 0.33 28.90 4180.00 78.08 67.00 68.00 1.00 1.04 326.68 4.88 including 67.00 67.19 0.19 3.46 1195.00 17.52 = Au Eq Au (gpt) + Ag (gpt)/85 30#31OURCES ING High-Grade Veins at Hokuryu Au ppm 0 -0.1 ppm 0.1-0.5 ppm Hokuryu Samples collected from the Hokuryu mine site display high gold and silver grades. Veins are well-banded with ginguro, and probably formed at a deeper level than those at the Omui mine site. Areas around Hokuryu are virtually unexplored. 0.5-1 ppm 1-3 ppm 3-7 ppm 58.937 > 7 ppm 51.4 22.8 Hokuryu vein, 51.4 gpt Au, 637 gpt Ag Ag ppm 0-31 32-93 Hokuryu IRV:CNX 94-186 321 187-310 495 201 378 311 9660 637 2.22 245 814 200 Meters 200 Meters 31#32OURCES ING Hokuryu Vein Material IRV:CNX 32#33OURCES ING Hokuryu CSAMT IRV:CNX CSAMT at Hokuryu displays a prominent resistive structure trending E-SE and open to the east. Mine workings only occupy a small area, SO Irving believes there are many more veins to be found here. 2.2 km 1,100 m Location of Hokuryu mine workings 33#34ING nos Omer Sinter Hokuryu Mine mul Mine Hokuryu North - Maruyama Maruyama Sinter IRV:CNX Silica Sinter Occurrence 「おうしアグリファーム Omu Simtter Erosion Maruyama Mt. Hydrothermal Braccia Hokuryu wast Hokuryu Mine 2.5 km 請武町: 上武神社 Jyukon-hi 砂金山 Omul Mine 30 Google 02041 Google Data O NOAA US NEWS NOA GEDC0, M-2595 Google ZENEN 日本 FURNIS 34#35OURCES ING Irving's 2020 Omu Exploration Plans IRV:CNX Irving's 2020 Omu exploration program includes: ► Follow up drilling at Omu Sinter. (Winter and Spring) Follow up drilling at Omui. (Spring through Fall) Complete bulk sampling at the Omui mining license. Bulk sample will be shipped to Kushikino mill. (Summer and Fall) Undertake further geophysics at Hokuryu. (Summer) Expand soil sampling over greater Hokuryu. (Summer) Expediting grant of Hokuryu prospecting licenses and drill permitting. (Spring and Summer) ➤ First drilling at Hokuryu. (Fall) 35#36VING email: [email protected] Phone: 1-604-682-3234 IRV:CNX