Fiore Exploration Ltd.

TSX-V: F
Disclaimer

"This presentation contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws.
This information and statements address future activities, events, plans, developments and projections. All statements, other than statements
of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are
frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar
terminology, and reflect assumptions, estimates, opinions and analysis made by management of the Company in light of its experience,
current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking
information and statements involve known and unknown risks and uncertainties that may cause the Company's actual results, performance
and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly,
undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in
commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite
permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly
Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at
www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking information or statements except as may be
required.

Vern Arseneau, P.Geo., Fiores VP Exploration, is the Qualified Person who supervised the preparation of the technical data in this
presentation.

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Discovery and Acquisition

Founded by mining financier Frank Giustra and Lithium X founder Brian Paes-Braga,
and led by accomplished mining executive Tim Warman, Fiore is acquiring, exploring and
developing undervalued gold assets in the Americas, beginning with a strategic land position
surrounding Yamanas high-grade El Peon mine complex in Chile

1 Experience 2 Timing 3 Resources

Decades of experience in the
Americas, building companies
and creating value through
discovery followed by strategic
sales and mergers
Lack of competition for quality
assets, with global mineral
exploration budgets at less than
half of their 2012 peak. Efficient
exploration, with industry costs at
a ten-year low
Well financed with access to
capital and expertise. Solid
treasury, with $13.5 million in
cash*
*post August 2016 financing

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Proven Management & Advisors
Tim Warman
CEO
Geologist with over 25 years experience with world-class
exploration and development projects
Director, Continental Gold Ltd. 4.7 Moz M+I
Former President, Dalradian Resources 2.1 Moz M+I
Former VP Corp. Dev., Aurelian Resources 13.7 Moz Inf.,
sold for $1.2 billion to Kinross
Vern Arseneau
VP Exploration
Professional geologist with over 40 years experience
Past 20 years working in Latin America
Former General Manager, Noranda Peru
Paul Matysek
Advisor
Corporate entrepreneur, professional geochemist and geologist
with over 30 years of experience in the mining industry
Built and sold three companies in the past decade for aggregate
proceeds of over $2.3 billion
Executive Chairman of Lithium X
Fiore Management & Advisory
Founder & Corporate Advisory
Led by Gord Keep and Frank Giustra
Advisory company responsible for equity financings,
corporate structures in creation of new natural resource
companies and public company administration.
Fiore Exploration Ltd. 4
Experienced Board

Robert Pirooz Peter Tallman

Chairman Independent Director

Successful lawyer, venture capitalist and mining entrepreneur 35 years of experience in the mining industry
Former director and adviser to Pan American Silver, Lumina President and CEO of Klondike Gold Corp.
Copper, Augusta Resources, and Ventana Gold Extensive Latin America experience
Sold eight companies for receipts in excess of $3 billion

Harry Pokrandt Geir Liland

Independent Director Independent Director

Over three decades of experience in Canada's capital Over 30 years of corporate finance, accounting and
markets, most recently at Macquarie Capital Markets management experience
Director of Sandspring Resources & Lithium X Energy Former VP Corporate Finance (Vancouver) for the TSX-V
Director of Lithium X

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Investor Information

TSX-V: F
Share Price* $0.455
Shares O/S** 101.8 million
Shares F/D** 111.4 million
30-day avg. vol.* 485,894
Market Cap* $46.1 million
Options* 9.7 million
Cash ~$13.5 million

Fiore share
Fiore price
Share (Cdn$)
Price
$1.00
$0.90
$0.80
$0.70
$0.60
$0.50
$0.40
$0.30
$0.20
$0.10
$0.00

*as of January 18tht, 2017

**accounting for C. Tostado transaction Fiore Exploration Ltd. 6
Exploration Projects, Chile

Located in the Atacama Region of Chile, the

Fraser Institutes top Latin American mining
jurisdiction for 2015
Under two hours by paved highway from the
mining city of Antofagasta
Low elevation, low relief permits easy, year-
round access
Land position surrounding Yamanas flagship
El Peon mine complex
Cerro Tostado 1,500 Ha south of Main El
Peon and Fortuna mines, with historic high-
grade silver intercepts
Pampas El Peon 3,800 Ha north, west and
south of Pampas Augusta Victoria mine

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Next to Yamanas Flagship El Peon Mine

In 2015 El Peon mine

produced

18% 227,000 7.7

of Yamanas total gold Ounces of Gold Million ounces of Silver
production* (US$621/ounce cost) ($8.38/ounce cost)

Mill is designed for 5,000 tpd but currently operating at only 70% capacity
Pampas Augusta Victoria zone produces high-grade feed that is trucked
30 km via dedicated haul road to the main El Peon mill
PAV open pit is depleted, currently focused on underground development
and some limited mining

*Yamana Annual Report, 2015 Fiore Exploration Ltd. 8

Attractive Regional Geology

Located in the highly-productive Palaeocene volcanic

belt of northern Chile, immediately adjacent to Yamanas
flagship El Peon mine
Close proximity to the Dominador Fault, a major regional
structure associated with mineralisation at El Peon
Low-sulphidation epithermal veins at El Peon are
associated the emplacement of late rhyolite domes
Veins rarely outcrop, but are indicated by
arsenic-antimony anomalies at surface

El Peon Geologic Model

Adularia-sericite Epithermal Au/Ag
Hematite & As Cap
Qz-Ser Alteration PALEO SURFACE
Qz-Ad Alteration Propylitic
Alteration
Qz-Ser Alteration
Propylitic
Alteration

Explosion
Breccias

CURRENT
GROUND
SURFACE

Flow Dome Rhyolite Hydrothermal Breccia Spherulitic Rhyolite

Massive Quartz Vein Dacite - Andesite Rhyolite Tuff

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Cerro Tostado Geology

1,500 ha project located 12 km southwest

and 8 km east-southeast of Yamanas El
Peon and Fortuna mines respectively
Along strike from the principal veins
reported at the Fortuna mine
Main feature is a large hill showing intense
alteration, breccia bodies, and epithermal
vein structures
Previous drilling confirmed the presence of
structurally control silver-dominated
mineralization
3.0 m of 637.0 g/t silver in hole CTAR-01
2.0 m of 830.3 g/t silver in hole TEAR-01
2.0 m of 332.5 g/t silver in hole CTAR-02.

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Pampas El Peon Geology

Gently dipping dacites and rhyodacites of

the Paleocene Augusta Victoria Formation,
intruded by younger rhyolite domes and
dykes
N-S structures at the margins of rhyolite
domes with outcropping hydrothermal
breccias
Structures and breccias associated with
pronounced arsenic-antimony anomalies
Virtually identical geological setting to the
adjacent El Peon PAV mine area
Phase I drilling program identified several
structures with anomalous gold, silver &
pathfinder elements
Phase II drilling program planned for Q2
2017

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El Peon Area Exploration Program

Q1 2017 Q2 2017 Q3 2017

Re-logging and Phase I Drilling Continued acquisitions,

sampling of historical Program at C. focused on adding
C. Tostado drilling Tostado significant resource
ounces
Field mapping and Phase II drilling at
sampling at C. Tostado Pampas El Peon Exploration on El
Peon area projects
New project New project
acquisitions exploration

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Fiore Next Steps

Continued Adding Building Focusing

exploration on El resource on strong on existing
Peon Area ounces through relationships mining
projects acquisitions with producers jurisdictions
and project
generators

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Highlights

1 2 3 4

World-class First Mover Key Projects Well Financed

Management, Advantage Immediately and Positioned
Board and in established Adjacent to El to acquire
Advisors with a mining jurisdictions, Peon, Yamanas undervalued assets
track record of beginning with Chile flagship mine in the Americas
discovery

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