White Mountain Titanium Investor Report

WHITE MOUNTAIN TITANIUM CORPORATION
Cerro Blanco : A New Source of High Grade Rutile in Chile

Confidential Presentation – Not to be reproduced
White Mountain Titanium Corporation, © 2015

Safe Harbor

The information in this presentation, including oral comments, includes “forward-looking statements”.  Because such forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, the impact of global events on the titanium and metals industry, global economic conditions, the competitive nature of the markets for specialty metals, and other risks and uncertainties included in the Company’s filings with the Securities and Exchange Commission.  Actual results can differ materially from those forecasted or expected. Additional information concerning such factors is contained from time to time in the Company’s Securities and Exchange Commission filings, copies of which can be obtained from the Company or the SEC’s website.

Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as “resources”, “geologic resources” that the SEC guidelines strictly prohibit us from including in our filings with the SEC, U.S. residents are urged to consider our disclosure, and can review and obtain copies of these filings from the SEC’s website.  White Mountain has no  proven or probable reserves as defined under SEC guidelines.

Capital Structure and Key Shareholders

Company Overview

A development stage Company progressing its Cerro Blanco Natural Rutile project through BFS to Production

Cerro Blanco Project Location

At an elevation of 700 – 1,100 meters asl, the Project lies approximately 13 km south of the Huasco River

Regional Geology

Porphyry-style natural rutile mineralization hosted in an altered felsic granite within an iron-copper district

Mineralisation and Crystal Occurrence

Plum coloured, natural rutile crystals average 140 microns in size and occur in thick, mineralized units

Cerro Blanco Exploration Targets

Nine prospects have been identified along a 4.5 km strike length, five within the past 2 years; three recent discoveries contain grades at surface of up to 6% TiO2

Cerro Blanco Project Resource Inventory

Inventory estimate based principally on Las Carolinas drill work : Behre Dolbear NI 43-101 report, July 2013

GENERAL LAYOUT – CERRO BLANCO PROJECT

General Mine Layout

Mine Operation

LOM Mine Plan – Movement and Production

Cerro Blanco Project Metallurgy

Optimization / metallurgical testwork, extends back to 2005 and includes a 300mt, two stage piloting

Mining & Processing Flowsheet

Cerro Blanco Project Plant Mass Balance

Flowsheet designed to minimize grinding, chemicals; maximize gravity separation, weight pull

Main On-site Equipment

Rutile Specification

DESALINATION PLANT INSTALLATIONS

DESALINATION PLANT and WATER FLOW BALANCE

Cerro Blanco Project EIS Application

Baseline environmental monitoring, underway since 2006, provided basis for all encompassing application

Cerro Blanco Project Pathway / Timeline