Tinka Resources : November 2022 Corporate Presentation

Ayawilca Zinc - Silver - Tin project

One of the largest Global Zinc deposits held

by a junior

TSXV: TK

BVL: TK

OTCQB: TKRFF

November 2022

www.tinkaresources.com

DISCLAIMER

This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Tinka, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever.

Readers are cautioned that the PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Additional work is needed to upgrade these mineral resources to mineral reserves.

Certain information in this presentation contains forward-looking statements and information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, challenges resulting from COVID-19, all costs varying significantly from estimates, production rates varying from estimates, changes in metal markets, changes in equity markets, availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, ability to complete future drilling programs, delays in or failure to obtain the necessary permits, drilling program results varying from expectations, timing of geological reports, the Company's ability to realize the results of the PEA, approvals from local authorities, community relations, timing and completion of any surface rights agreements, and other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.

Technical information related to the PEA contained in this presentation has been reviewed and approved by Kim Kirkland, FAUSIMM, Geological Engineer, Principal Mining Consultant with Mining Plus. Edgard Vilela, MAusIMM (CP), Mining Engineer, Underground Manager, is a full time employee of Mining Plus. Both are Qualified Persons as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The Mineral Resources disclosed in this presentation have been estimated by Ms. Dorota El Rassi, P.Eng., SLR Consultant Engineer and Ms. Katharine M. Masun, MSA, M.Sc., P.Geo., SLR Consultant Geologist, both independent of Tinka. By virtue of their education and relevant experience, Ms. El Rassi and Ms. Masun are "Qualified Persons" for the purpose of National Instrument 43-101. The Mineral Resources have been classified in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (May, 2014). The metallurgical and recovery inputs have been reviewed and verified by Mr. Adam Johnston, FAusIMM, CP (Metallurgy) of Transmin Metallurgical Consultants, a Qualified Person as defined by National Instrument 43-101. The inputs on processing and costs for tailings filtering and storage have been reviewed and verified by Mr. Donald Hickson, P.Eng., of Envis E.I.R.L Peru (Envis), a Qualified Person as defined by National Instrument 43-101. Dr. Graham Carman, CEO and a Director of Tinka, and a Qualified Person as defined in NI 43-101, is responsible for other technical information in this presentation.

TSXV: TK BVL: TK OTCQB: TKRFF

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INVESTMENT HIGHLIGHTS

Ayawilca: One of the world's largest undeveloped Zinc

deposits - Zinc, Silver & Tin are essential for a 'green' economy

• 2021 PEA: After-tax NPV8% of US$433 million and IRR of 32% with initial capex US$264 million.
• A 10,000-metre drill program is in progress (2 drilling rigs) targeting additional high-grade Zinc Zone resources
• Tin Zone (not included in PEA) - currently under assessment
• Two strategic mining cos (Buenaventura, Nexa) shareholders
• C$16 M in cash: fully-funded for 2022-23 work programs
• Experienced team - successful track record in Peru
• Exploration upside: Cu-Au potential on adjacent Silvia property

TSXV: TK BVL: TK OTCQB: TKRFF

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AYAWILCA PEA: POTENTIAL TOP-10 GLOBAL ZINC MINE

If Ayawilca was producing today (kt Zn per year)

500

121

Rest of World

	163
400	159	157									Americas
300		150	154								Tinka Resources
		Note:
200			148	119	107	108	109
				110	109	105
						45
100
							B

Note: Mine data based on 2020 production figures	Source: Stifel GMP
TSXV: TK BVL: TK OTCQB: TKRFF	4

Shares issued and outstanding	391 million
Options	9 million
Fully diluted shares	400 million
Market capitalization (C$0.16/share)	C$62 million
Cash (at Sep 30, 2022)	C$16 million
Debt	nil
52 week high/low	C$0.22/$0.12

ANALYST COVERAGE

Ian Parkinson

SHAREHOLDERS
Buenaventura	19%
Nexa Resources	18%
Sentient Equity Partners	19%
Other institutions	14%
Total Institutional	70%
Management and Insiders	3%
Retail	27%

TSXV: TK BVL: TK OTCQB: TKRFF

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