Rugby Mining : Corporate Presentation

Salvadora Project, El Indio Belt, Chile

INVESTOR PRESENTATION JANUARY 2022

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CAUTIONARY STATEMENT

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the British Columbia, Alberta and Ontario Securities Acts. This includes statements concerning the Company's proposed exploration plans for the Salvadora project in Chile, progress on obtaining approval for its exploration concession applications in Colombia, the expected timing of drilling and/or geophysics programs, budgeted costs to conduct exploration programs including drilling, high grade potential and potential for mineral discoveries at its projects and the style or occurrence of the mineralization which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The Company holds certain of its projects, including Salvadora, under option agreements, which require annual cash payments, expenditure and/ or drilling requirements in order to maintain its interest. Should the Company not be able to meet its obligations or renegotiate the agreements it will lose its rights under the option agreement. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major mineral commodities such as copper and gold by factors beyond the control of the Company; events which cannot be accurately predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes; the shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration services; the Company's dependency on equity market financings to fund its exploration programs and maintain its mineral exploration properties in good standing; political risk that a government will change, interpret or enforce mineral tenure, environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on the Company's assets or financial condition and impair its ability to advance its mineral exploration projects or raise further funds for exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the interpretation of laws regarding ownership or exploration of mineral properties in the Philippines, Argentina, Chile and Colombia and in the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the timing of obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks and uncertainties, the ongoing effects of the COVID 19 pandemic and including those described in each of the Company's management discussion and analysis and those contained in its financial statements for the year ended February 28, 2021 filed with the Canadian Securities Administrators and available at www.sedar.com. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Paul Joyce, COO, Director and a "qualified person" within the definition of that term in NI 43-101, has supervised the preparation of the technical information contained

on this presentation. Some of the information presented is historical in nature and the Company will be required to do further assessment of this data.

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Rob Reynolds Merfyn Roberts Peter Love

Bryce Roxburgh Yale Simpson Cecil Bond

RUGBY'S BOARD, MANAGEMENT & CAPITAL STRUCTURE

Board of Directors

President & CEO Chairman Director Finance

Glen van Kerkvoort Director and CTO Non-ExecutiveDirector Non-ExecutiveDirector Non-ExecutiveDirector

Management Team

Glen van Kerkvoort CTO 25+ Experience

Capital Structure

As at January 14, 2021

Outstanding Shares	192,424,658
Outstanding Options	13,950,000
	(avg. price $0.10)
Outstanding Warrants	38,269,296*
Fully Diluted Shares	244,643,954

Paul Joyce

Alejandro Adams

Arturo Correa

COO 40+ Experience

CFO 10+ Experience

Exploration Manager 25+ Experience

*Outstanding warrants range in price and include $0.20, $0.12, $0.17and $0.20 and are exercisable until March 17, 2022, July 23, 2022,October 30, 2022 and April 26, 2023 respectively.

Rob Grey

Jon Hermanson

VP Corp Communications 20+ Experience

VP Corp Development 15+ Experience

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THE RUGBY PORTFOLIO

Chile

Salvadora

Salvadora is located in the El Indio Gold Belt (Barrick hosts +44 Moz Gold)

Silverado prospect has silver grades from mineralized veins; 0.25 g/t to 1,060 g/t silver, 0.12% to 2.47% copper, 0.0025 g/t to 0.7 g/t gold and 0.003% to 5.8% lead

Cumbres prospect quartz veins and sheeted veins: 0.25% to 2.37% copper, 26.2 g/t to 1,160 g/t silver, 0.01 g/t to 0.7 g/t gold; and 0.07% to 3.18% lead.

Project is permitted for drilling from 39 drill platforms. Drilling is expected to commence Q1, 2022

Argentina	Option to earn 100%
Exploration expenditure CAD$3.65 Million over 6 years to earn 100%
El Zanjon Project	Epithermal gold environment. Strong North-West structures similar to Cerro Vanguardia & Cerro Moro deposits
Venidero Project	Preliminary surveys completed with encouraging results. Detailed ground magnetic surveys and low level geochemistry
underway to delineate drill targets
Colombia	Acquisition of 845 km2 superior gold portfolio;100% Rugby; no royalties; title permitting required (no drill permit required)
Gold Projects	Rugby purchased subsidiary from major global Gold Miner as it exited Colombia.
Undrilled porphyry copper-molybdenum-gold project: Cobrasco - 100% Rugby; 1% NSR; drill permitting required (Dep't
Copper Projects	Environment); planned revised application; title suspended

Phillipines

Motherlode

Option to earn 80%; Drill permitted

Motherlode drilling program 2019 with encouraging copper gold porphyry results

Motherlode Mine produced approximately 500,000 ounces from 1 million tonnes grading 16 g/t gold(1937-1953)*

Premier mining district includes: Boyongan (219 Mt @ 0.81% Cu + 0.74 g/t Au) andBayugo (118 Mt @ 0.84% Cu + 0.70 g/t Au)

Australia

Otway Project

Georgetown Project

Copper-Gold project in the Pilbara, Western Australia

Rugby controls mineral property concessions which cover prospective areas for gold and copper mineralization in the Pilbara region of North-Western Australia

Georgetown

The Georgetown Project covers a large underexplored land position in a very favourable environment to host gold, silver, copper, lead, zinc, tin and potentially lithium deposits.

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SALVADORA PROJECT

Large undrilled silver-copper-gold mineralized hydrothermal system in the El Indio Metallogenic Belt

ANTOFAGASTA

Salvadora

SANTIAGO

Salvadora

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• 7 km long mineralized alteration corridor with numerous high-gradesilver, copper and gold artisanal mines
• Drill permitted. Never previously drilled, never explored by modern methods
• Rugby has established a 100% control over the fragmented property ownership creating a single contiguous block to be explored and drilled as a single project
• Several characteristics similar to the nearby El Indio mine which produced over 5 million ounces of gold with 2 million ounces being direct shipping ore (121 g/t gold)
• 2.5 hours drive by paved International Highway from the Coquimbo deep water port and La Serena capital with a population of 500,000. 8 daily flights connecting to Santiago.

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