TSX-V: FWZ

WWW.FIREWEEDZINC.COM

MACMILLAN PASS PROJECT:

ADVANCING A WORLD-CLASS MACMILLAN PASS PROJECT
ZINC-LEAD-SILVER ASSET
Fireweed Zinc Ltd is focused on the Macmillan Pass Zinc-
Lead-Silver Project. Located in mining-friendly Yukon
Territory, Canada, it is one of the world’s largest
undeveloped zinc resources. YUKON
TERRITORY

KEY VALUE DRIVERS

STRONG PARTNERS: Funding from Teck Resources Ltd and Resource Capital Funds
HIGH-GRADE : Summer 2018 showed resource expansion potential including a step-out
intersection of 21.1% Zinc, 13.5% Lead and 243 g/t Silver over 16.4m
LARGE SCALE : 2019 drilling at Boundary Zone yielded results of 100 m of 7.94% Zn
from surface within 230 m of 4.14% Zn (both true-width)
DISTRICT POTENTIAL: 939 km2 land package is host to four known deposits with
strong potential for more along prospective horizons
MANAGEMENT: Fireweed is led by an expert team of explorers and developers with deep
roots in Yukon Territory
TIGHT STRUCTURE: Purpose-built from IPO, Fireweed has maintained its tight share structure
with significant management ownership and strong backers including
major mining companies and private-equity funds

SHARE STRUCTURE OWNERSHIP BOARD OF DIRECTORS

Issued & Outstanding 56,557,112 JOHN ROBINS - Chairman & Director
Warrants 8,153,001 BRANDON MACDONALD - CEO & Director
GEORGE GORZYNSKI - Executive VP & Director
Options 3,490,000
ADRIAN ROTHWELL - Director
Performance Shares 3,700,000
PETER HEMSTEAD - Director
Fully Diluted 71,900,113 MARCUS CHALK - Director

MANAGEMENT
JAMES SCOTT - Senior VP Projects
GILLES DESSUREAU - VP Exploration
JACK MILTON - Chief Geologist
JILL MOORE - Permitting Manager
MOIRA CRUICKSHANKS - Data Manager
The following statements are required by Canadian securities legislation:

Forward-Looking Statements
This factsheet may contain “forward-looking” statements and information relating to the Company and the Macmillan Pass Project that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company
management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions,
changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive
factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company’s prospectus
dated May 9, 2017 and filed under the Company’s profile on SEDAR at www.sedar.com. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary
materially from those described herein. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

PEA Cautionary Note:

Readers are cautioned that any reference to a 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.

NI43-101 Qualified Person:

Brandon Macdonald P.Geo ,CEO and Director of Fireweed Zinc, and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical information in this presentation. Leon McGarry, P.Geo., Senior Resource Geologist for CSA
Global Canada Geosciences Ltd. is independent of Fireweed Zinc Ltd. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. McGarry is responsible for the Mineral Resource Estimate and directly related information in this presentation.
Michael Makarenko, P.Eng., Project Manager for JDS Energy and Mining, Inc., is independent of Fireweed Zinc Ltd. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. Makarenko is responsible for any PEA results and directly related
information in this presentation.
 TSX-V: FWZ
January 2021

2018 MACMILLAN PASS RESOURCE CALCULATION

Category Tonnes (Mt) ZnEq % Zn % Pb % Ag g/t B lbs Zn B lbs Pb MOz Ag
Indicated 11.21 9.61 6.59 2.48 21.33 1.63 0.61 7.69

Inferred 39.47 10.00 5.84 3.14 38.15 5.08 2.73 48.41

*See Fireweed news release dated January 10, 2018 for background information and QP statement. Brandon Macdonald, P.Geo, a ‘Qualified Person’
as defined under NI43-101, is responsible for the technical information in this Factsheet other than the Mineral Resource.
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GLOBALLY SIGNIFICANT RESOURCE Macmillan Pass is among the biggest in the world (>4Mt Zn+Pb)
40

35

30 Angouran
Zn+Pb Grade (%)

25
Rammelsberg

20

Red Dog
15 Rampura Agucha
McArthur River
Dugald River

10 Macmillan Pass Reward

Taylor
Ozernoye
Sindesar Khurd
Zawar Group Admiral Bay Gamsberg
Oggero Boleslaw
5 Shalkiya

0
0 50 100 150 200 250
M&I+I Resource (Mt)

EXCELLENT UPSIDE POTENTIAL

 2018 Resource includes only Tom & Jason, not End
Zone, Boundary Zone, or Tom North Zone, all of which
show significant upside potential
 Excellent potential for resource expansion along trend
and at depth in all zones
 Property recently expanded to 939 km2 and covers
numerous anomalies and showings to guide
continued exploration
 Massive potential of Boundary Zone, which shows
both scale potential (230m true-width of 4.1% Zn) and
grade potential (6.4m true-width of 42.5% Zn), just
now being realized
 Recent drilling at Boundary Zone discovered
mineralization on multiple horizons controlled by
Fertile Corridor fault system, expanding the search
area for potential new discoveries
 Exploration in 2021 will focus on defining and
expanding known mineralization as well as searching
for new discoveries on the large land package

#1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: (604) 646-8360 Email: [email protected]