The Whistler Project An Emerging Gold-Copper Porphyry District

DISCOVERED.
The Whistler Project
An Emerging Gold-Copper Porphyry District
February 2013
Jason Weber, P. Geo.
President & CEO

Cautionary Note
This presentation contains forward-looking statements. All
statements, other than statements of historical fact, that
address activities, events or developments that the Company
believes, expects or anticipates will or may occur in the future
(including, without limitation, statements regarding exploration
results, potential mineralization, future plans and objectives of
the Company and mineral resources) are forward-looking
statements. These forward-looking statements reflect the
current expectations or beliefs of the Company based on
information currently available to the Company. Forwardlooking
statements are subject to a number of risks and
uncertainties that may cause the actual results of the Company
to differ materially from those discussed in the forward-looking
statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on the
Company. Factors that could cause actual results or events to
differ materially from current expectations include, among
other things, uncertainties relating to the availability and costs
of financing needed in the future, changes in commodity
prices, changes in equity markets, changes to regulations
affecting the Company's activities, the uncertainties involved
in interpreting exploration results and other geological data
and the other risks involved in the mineral exploration
industry. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent
or obligation to update any forward-looking statement, whether
as a result of new information, future events or results or
otherwise. Although the Company believes that the
assumptions inherent in the forward-looking statements are
reasonable, 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.
2

District-scale porphyry gold-copper
Exploring a new gold-copper district
in Alaska.
547 km 2 (40 km long), 100%
ownership, world class potential
• Anchored by Whistler Gold-Copper
Porphyry Deposit – indicated 2.25M oz gold
eq., inferred 3.35M oz gold eq.*
• Five additional porphyries discovered
• Potential for further discoveries – only
needs more drilling
Social license in place
Infrastructure options
* See slide 9 for details of NI43-101 resource estimate
3

Whistler Location
Deposit/Mine Resources Reserves
Livengood 13.3 million Ounces gold
Fort Knox 5.8 million Ounces gold
Donlin Creek 8.7 million 33.6 million Ounces gold
Pebble 80.6 billion Pounds copper
107.3 million Ounces gold
5.75 billion Pounds moly
Whistler 3.1 million Ounces gold
769 million Pounds copper
13.2 million Ounces silver
Donlin Creek
Pebble
Livengood
Whistler
Fort Knox
Anchorage
Pogo
4

The Cook Inlet Region, Alaska
Donlin Creek gas pipeline
Cook Inlet to Donlin through
Whistler property
Chackachamna Hydro
TDX Power Corp
~ 400 MW proposed
Mt. Spurr Geothermal
Ormat Technologies Inc
Currently in feasibility study
North Foreland Facility, Tyonek
385 Mw station at Beluga.
5

Property Geology
Three “flagship” projects within
one property.
Whistler/Island Mountain
~75 Ma Whistler Intrusive
Suite (WIS) - diorite porphyry.
Whistler deposit hosted by
WIS stock; other prospects
(including Island Mountain)
associated with WIS
stocks/dykes
Muddy Creek
65 Ma: Composite Suite (Mt.
Estelle Intrusives)
Whistler
Corridor
Island
Mountain
Muddy
Creek
6

A New Gold-Copper District
Whistler Corridor
18 x 9 km with multiple targets
Existing large gold
resource
• 2.25 Moz Au Eq indicated
• 3.35 Moz Au Eq inferred *
Expansion potential:
• Within 3 km at Raintree and
Rainmaker
• 23 km away at Island
Mountain.
• Gold-only target at Muddy
Creek
• Numerous untested targets.
* See slide 9 for details of NI43-101 resource estimate
7

Whistler Porphyry Au-Cu District
Looking SW
Island
Mountain
Rainmaker
23 km
Muddy
Creek
Raintree West
Gold rich gold-copper porphyry deposit.
15 km
New gold-copper porphyries proximal to Whistler (Raintree W, Raintree E and
Rainmaker - All were blind, geophysical targets)
Whistler Deposit
Numerous geophysical, geochemical targets and showings on 547km 2 property.
Favourable infrastructure options and preliminary metallurgical work
Raintree East
Same geological belt as Pebble copper-gold porphyry with 72Blb Cu, 94Moz Au, 4.8Blb
Mo (Source: Northern Dynasty website).
8

Whistler 43-101 Resource
Resource Category
Tonnes
(Mt)
Au
(g/t)
Tonnes & Grade Contained Metal (M)
Ag
(g/t)
Cu
(%)
Au eq.
(g/t)
Au
(Moz)
Ag
(Moz)
Indicated (open-pit) 79.2 0.51 1.97 0.17 0.88 1.28 5.03 302 2.25
Inferred (open-pit) 145.8 0.40 1.75 0.15 0.73 1.85 8.21 467 3.35
Published revised resource in January
2011.
Based on 41 drill holes on only the
Whistler Zone.
Au eq. calculation: US$990/oz Au,
US$15.40/oz Ag, US$2.91/lb Cu.
0.30g/t Au eq. cutoff, 1.3 strip ratio,
based on a 45 degree pit shell.
Positive preliminary metallurgy: 85%
Cu, 75% Au recoveries from open
circuit cleaner tests (22.5% Cu
concentrate, 65 g/t Au).
Open at depth
High grade “core” to deposit
Cu
(Mlb)
Source: Mineral Resource Estimation Memo, Whistler Copper-Gold Project, Alaska Range, Alaska. January, 2011. Memo Prepared by Moose Mountain Technical Services Ltd. Final Report to
be filed on SEDAR in February 2011.
Au eq.
(Moz)
9

Whistler Corridor Targets
Whistler
2.25 Moz Au Eq. indicated
3.35 Moz Au Eq. inferred*
Rainmaker
167 m @ 0.47g/t
Au, 0.17% Cu.
WB Camp & Airstrip
* See slide 9 for details of NI43-101 resource estimate
Snow Ridge
Raintree W
Puntilla
172 m @ 1.13 g/t Au, 0.18% Cu, 3.9
g/t Ag within 453.2 m of 0.72 g/t Au,
0.12% Cu, 3.2 g/t Ag
Skwentna River
Round Mountain
Raintree S
Puntilla Airstrip
Raintree N
Raintree E
Portage Ck
Spur Targets
Looking NW
Long Lake Hills
90 m @ 0.42g/t Au, 1.3g/t Ag, 0.10% Cu
10
Winter Trail Access Route

Raintree West
Hole Interval Width
(m)
4
Au
(g/t)
Ag
(g/t)
5
3
Cu
(%)
Au Eq
(g/t)
WH10-024 1 83.0 1.20 11.8 0.06 1.48
WH09-002 2 471.6 0.38 4.7 0.09 0.93
WH11-029 3 450.7 0.51 7.13 0.05 0.75
WH11-030 4 453.2 0.72 3.21 0.12 1.01
WH11-039 5 74.0 0.47 2.50 0.14 0.79
2
1

Whistler Orbit Section
400m

Raintree West Section
Raintree West
2
1
3
4
Raintree South
13

Whistler Orbit Targeting - Model and
Geophysical Footprint
IP CHARGEABILITY - 100m depth slice
Annulus of high chargeability around porphyry core due to phyllic alteration
and associated pyrite halo. Phyllic halo is influenced by rock porosity and
faults.
Core porphyry Au-Cu mineralization generally has lower total sulphides
and lower IP response.
RTP MAGNETICS
High amplitude magnetic anomaly caused by secondary magnetite
associated with Au-Cu mineralization in porphyry core. Moderate
amplitude magnetic anomalies caused by primary magnetite in unaltered
diorite porphyries and volcanic rocks.
Low magnetic response in volcanic host rocks due to demagnetization by
strong phyllic alteration.
ORE DEPOSIT MODEL
1 - Emplacement of pipe-like Diorite Porphyry intrusions: Earliest
phase is the most strongly mineralized.
2 - Potassic Alteration and Au-Cu Mineralization: Magnetite-Biotite-Kfeldspar
alteration with Quartz-Chalcopyrite veining.
3 - Phyllic Alteration: Pervasive Chlorite-Sericite-Clay-Pyrite alteration
above and peripherally to mineralized core. Distribution modified by faults
and primary porosity.
4 - Epithermal Vein Overprint: Telescoping of intermediate sulphidation
Gold-Silver bearing Quartz-Carbonate-Pyrite-Chalcopyrite-Sphalerite-
Galena veins onto porphyry system. Epithermal overprint gives broad
geochemcial footprint of anomalous Ag-Pb-Zn and Au-Cu-Mo as vectors
towards porphyry core.
14

Island Mountain
Island Mountain
4.5 Island by 3.0 Mountain km area
with 4.5 multiple by 3.0 targets km area
with multiple targets
Located 23 km south of
Whistler.
Surface and drill evidence
for significant mineralized
system.
• 4.5 x 3.0 km area of goldcopper
soil and rock
anomalies.
• Multiple styles of mineralization
intersected in drilling
• Untested targets remain.
16

Island Mountain Summary
Island Mountain Area
Diorite-Monzonite Intrusive
Complex at intersection with
regional fault (like WHS)
Au-Cu showings over 3-4 km
area with potassic and sodic-
calcic (Na-Ca) alt.
Expansive soil anomalies
Breccia Zone
Hydrothermal and Intrusion
Breccias over 700m of strike
Gold zones of two general
types:
• Disseminated\vein
pyrrhotite-assoc. Au
• Breccia associated
Discovery hole in 2009
Diorite
Breccia Zone
c.g. monz
Cirque Zone
hornfels
monz
17

Island Mountain
Breccia Zone
(Au+/-Cu) target
2011 drillholes
Pre-2011 drillholes
100m
-026
-034
IM10-008, -009
-037 -036
-039
-013
-018,
-020
IM10-010, -011
-038, -041
Discovery drill hole (IM09-001)
-022,
-024
IM10-006, 007, IM11-040
Lower Zone (Au) target
(behind ridge)
Looking East
18

Island Mountain Plan Map

Island Mountain Section 7750N

Breccia Zone Expansion Potential

Breccia Zone Expansion Potential
46m of 1.2g/t Au
39m of 0.6g/t Au
Follow-up
74m of 0.9g/t AuEq
7m of 3.4g/t Au
End of hole

Island Mountain Targeting - Geological Model
and Geochemical- Geophysical Footprint
plan
plan
section
3
1
4
5
2
EM CONDUCTIVITY - 100m depth slice
Partial halo of high conductivity fringing intrusive and hydrothermal breccia
centre due to disseminated pyrrhotite.
Core intrusive and hydrothermal breccias (with Au-Cu mineralization)
generally have lower total sulphides and thus lower EM response.
RTP MAGNETICS
Moderate amplitude magnetic anomaly caused by secondary magnetite
within the intrusive and hydrothermal breccia. The magnetic response
may also be due to primary magnetite within the causative porphyry stock
(monzonite porphyry) that lies below and feeds the breccia bodies.
High amplitude magnetic response also given by barren intrusive units
(left of image) and local mafic dykes (top right) with primary magnetite.
ORE DEPOSIT MODEL
1 - Emplacement of pipe-like Diorite and Monzonite Porphyry
intrusions: Multiple phases of porphyry emplacement that overlap
with the formation of mineralized hydrothermal breccias.
2 – Early Biotite Alteration: 500-750m wide halo of pervasive biotite
alteration around intrusive centre.
3 –Potassic Alteration and Au-Cu Mineralization: K-feldspar-quartz
flooding and disseminated chalcopyrite mineralization (with gold) in
early intrusive phases.
4 – Intense Sodic-Calcic Alteration and Au-Cu Mineralization:
albite-actinolite-pyrrhotite-chalcopyrite alteration and infill associated
with hydrothermal breccias and gold-copper mineralization.
5 – Pyrrhotite-Gold Mineralization: Outer gold-only mineralization
associated with disseminated and vein pyrrhotite (as an outer selvage
to the breccias and within distal structural zones) within an outer halo
of moderate sodic-calcic alteration.
23

Airborne EM

Howell and Cirque Zones
Mo
25

Island Mountain Discovery
1. Discovery Breccia: soil and
rock sampling expanded target
area to 2 by 1.5 km in size
2. Soil geochemistry defined 2 by
1.2 km gold-copper anomaly
north of the Cirque Zone
3. Broad and strong EM
conductors coincident with
surface geochem anomalies –
at SC defines a new target area
in valley under sediments
Breccia Zone
3
500m
1
EM anomalies
>175 ppb composite gold anomaly
3
2
3
Looking NE
23 km to Whistler
26
26

New Porphyry Targets
27

Whistler Project 2012
Metallurgical results carried out on composite samples from the Whistler Deposit
returned average copper concentrates grading 25.4% copper with recoveries
averaging 91.9% for copper and 70.4% for gold.
With the objective being to advance the Whistler Deposit, the following studies were
being conducted in 2012:
• Preliminary engineering studies contemplating the options and design for potential power and
access routes, mine site infrastructure and mining/processing options.
• Reinterpretation of the deposit geology to revise the geological model. This will be
accomplished by relogging drill core within the deposit as well as limited surface trenching to
enhance and confirm the model.
In addition to work on the Whistler Deposit, detailed geological studies continue at
Island Mountain which will contribute to an improved geological model that will aid in
the expansion of the Breccia Zone mineralization and prioritize targets of other
porphyry centres at Island Mountain.
28
Whistler Deposit Outcrops

Local Support
Strong relationship with local communities – Neighbours with
Alaska’s oldest hunting lodge – Rainy Pass Lodge (RPL)
Kiska provides support for the RPL through:
• Logistics – Coordinated/shared logistics, medical and safety support
• Financial - Use the Rainy Pass Lodge facilities for tours, board meetings
and other functions
• Community Events - Coordinate joint participation in activities around
events such as Iron Dog and Iditarod races.
• Minimizing impact on RPL’s core business - Manage exploration to avoid
active areas during hunting season
• Employment opportunities
Rainy Pass Lodge support for
Kiska:
• Introductions to stakeholders
• Positive public feedback to community,
government
• Key support for Kiska in early days
29

Community Involvement
Strong relationship with local communities
Shared airstrip with Alaska’s oldest hunting
lodge
Sponsor of local community events
• Iron Dog snowmobile race
• Iditarod dogsled race – associated events
• Iron Man, Alaska competition
• Anchorage Rodeo
• Youth soccer teams
• Alaska Professional Hunters Association
• R5Sons Alaska television show
Fund educational initiatives
• “Work to learn” programs for Anchorage-area teachers
• Educational site tours for stakeholders
• Donor to UAA Economic Geology Chair, support two
graduate students, hire UAA geology students.
30

Responsible Exploration
Committed to Best Practices for mineral
exploration
Core logging facilities
Road to Whistler
boneyard
Whistler Ridge & deposit (with road). Camp and airstrip
Whistler Camp “Whiskey Bravo”

Management, Board of Directors and
Advisory Board
Management Team
Jason Weber, P.Geo., President and CEO
Chris Kerr, CGA, CFO
David Caulfield, P.Geo., Vice President of Business Development
Mark Baknes, P.Geo., Vice President of Exploration
Board of Directors
Geoff Chater, B.Sc.
(Chairman)
Bipin Ghelani, CA
George Ireland, B.S.
John Kanellitsas, B.S.
Jack Miller, M.Sc. P.Eng.
Mark Selby, B.Comm.
Jason Weber, P.Geo.
Advisory Board
Colin Barnett, Ph.D.,M.Sc., M.A., B.A.
Henry Awmack, P.Eng.
Robert Duncan, M.Sc., B.Sc.
32

Kiska Corporate Summary
Capital Structure
Symbol KSK:TSX-V
Shares
Outstanding
99.3 Million
Warrants 7.5 Million
Options 7.4 Million
Fully
Diluted
Cash
(As of Sept. 30, 2012)
114.2 Million
$4.7 Million
Major Shareholders
Major Shareholders
30%- Geologic Resource Partners
5%- Management/ Insiders (RFM)
2%- Tocqueville
2%- Global Strategic Management
2% Teck Resources Ltd.
2% Colonial First State
33

Other Projects in the Portfolio
Large portfolio of early stage projects in key locations.
Porphyry targets in Alaska, BC and Australia
Gold targets in Australia, BC
Gold-silver and base metal projects in BC
Thorn Project, BC – 2012 program was recently completed
to follow up on 2011 drilling where THN11-60 intersected
95 m of 628.3 g/t silver, 1.71g/t gold, 0.12% copper, 3.3%
lead & 2.4% zinc. Drilling to be followed up in 2013.
In February 2013, the Company signed a definitive
agreement to sell the Thorn Project to Brixton Metals
Corporation for $1.5 million in cash and seven million shares
of Brixton
Recent sale of 49% interest in Tide Property for $1.5 million
34

Thorn Property Location
Northwestern British
Columbia
130 km south of Atlin, BC
155.8 km 2 land package
35

Thorn Prospect Map
CRAGGENMORE
BALVENIE
56.1 m @1.27 g/t Au,
16.7 g/t Ag, 0.19% Cu in
THN04-29
CAMP CREEK
TALISKER
19.78 m 1.02 g/t Au,
35.50 g/t Ag, and
0.30% Cu in THN11-56
OBAN
15.83 m of
1.25 g/t Au,
54.1 g/t Ag
and 0.16 %
Cu in hole
THN11-54
36

Thorn Plan Map
37

Oban Cross Section
38

Thorn Drilling 2012
Highlights from the two phase, 26 hole drill
program of 2,889 metres include:
THN12-65 intersected 12.90 metres of 512.66 g/t silver, 1.72 g/t
gold, 4.24% lead and 1.54% zinc from surface within a broader
interval of 83.90 metres of 161.47 g/t silver, 1.02 g/t gold, 1.29%
lead and 1.48% zinc.
THN12-83 intersected 73.7 metres of 284.2 g/t silver, 1.49 g/t gold,
1.31% lead, 1.78% zinc and 0.12% copper (466.3 g/t AgEq) within
a broader interval of 165.3 g/t silver, 1.37 g/t gold, 0.92% lead,
1.25% zinc and 0.11% copper (314.6 g/t AgEq) over 150.5 metres.
Expansion of Oban Breccia Zone mineralization at depth to the
south-southeast.
Confirmation that the Oban Breccia Zone is plunging to the south
and open in that direction.
Further drilling is planned at the Oban Breccia Zone
in 2013.
39

Investment Highlights
Whistler (100% owned) – An Emerging Gold-Copper
Porphyry District in same geological belt as Pebble
copper-gold porphyry.
Gold rich porphyry deposit, anchors district - 2.25M oz
gold eq indicated, 3.35M oz gold eq inferred*
New gold discoveries - Island Mountain, Raintree targets
and Rainmaker.
Superior exploration upside (Muddy Creek, Spur, Island
Mountain).
* See slide 9 for details of NI43-101 resource estimate
40