| February 20, 2020 | bluethundermining.com| Forward Looking - - PowerPoint PPT Presentation

| February 20, 2020 | bluethundermining.com|

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Forward Looking Statements

This document contains forward-looking statements and forward-looking information (collectively, "forward- looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the Company's expectation that it will be able to enter into a Definitive Agreement to acquire the Fancamp and Embry Properties, whether future exploration results are similar to those documented from historical work and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward- looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This document contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company's properties or any potential exploitation thereof. Qualified Person John Langton, M.Sc., P. Geo., owner of JPL Geoservices, is the Qualified Person under NI 43-101 on standards of disclosure for mineral projects.

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“The Nelligan gold discovery is a potential game changer for the district and will attract attention on our nearby Muus Project Blue Thunder Mining has the right ingredients, in a great location and at the right time to make amazing mineral discoveries. We are very excited and have high expectations.”

– Chad Williams, CEO and Chairman

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➢ GEOLOGICAL HOT SPOT

• Significant amount of recent staking, consolidation, acquisitions and M&A in the Chibougamau Gold District
• Muus Project is proximal to past producers and deposits and recent exploration success (Nelligan, Monster Lake)

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Blue Thunder Highlights

➢ QUEBEC AMONG THE BEST JURISDICTIONS

• Rated fourth best mining jurisdiction in the world by the Fraser Institute (2019)
• Excellent access and infrastructure; ~55 km SSW of Chibougamau; good road access; power and rail nearby

➢ LARGE AND GROWING STRATEGIC LAND POSTION

• 100% interest in the Muus Project (~48,453 ha), comprising Muus, Muus East, and Nisk properties
• Very compelling structural setting, covering ~24 km of the Guercheville Deformation Zone and ~8 km of the Fancamp

Deformation Zone - host to many of the gold deposits in the Chibougamau Gold District

➢ BLUE THUNDER COMMENCES TRADING ON THE TSX

• Completion of the previously announced amalgamation with CPC Platform Eight Capital Corp.
• Blue Thunder commenced trading on February 14, 2020 (TSX-V:BLUE)

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➢ RECENT EVENT: LOI SIGNED WITH O3 MINING

• Blue Thunder signed LOI to acquire Fancamp and Embry properties, in the heart of the Chibougamau Gold District
• Fancamp is an advanced exploration play with five identified gold zones situated along two significant structural trends

along with numerous untested targets

Blue Thunder Share Structure

(as of February 14, 2020)

TSXV:BLUE

51.84 M shares outstanding 4.85 M options 5.25 M warrants 61.94 M fully diluted $6.8 M Market Capitalization

Red Cloud Mining Capital Inc. Board and Management Plethora Private Equity Delbrook Others

35.7% 11.2% 43.5% 5.9%

3.7%

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Principle Shareholders

Blue Thunder / O3 LOI

Acquisition of Fancamp and Embry Properties

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➢ On February 19, 2020, Blue Thunder signed a non-binding LOI with O3 Mining Inc (“O3”) to acquire a 100% interest in O3’s Fancamp and Embry gold properties in exchange for:

• 4,514,436 common shares of Blue Thunder to O3, equivalent to

8.7% of the currently issued and outstanding shares of Blue Thunder

• 2% net smelter return royalty (“NSR”) to O3 with option to reduce

to 1% for $750,000 cash at any time

• O3 will have the right to purchase at least $100,000 in units (share

plus a warrant) of Blue Thunder in the subsequent non-brokered private placement ➢ Execution of a definitive agreement is subject to completion of a 60- day due diligence period and receipt of all necessary corporate and regulatory approvals ➢ Completion of the agreement would result in O3, which is part of the Osisko Group, becoming a significant shareholder in Blue Thunder

(1) As such term is defined in Policy 2.4 of the Corporate Finance Manual of the TSXV

DISTRICT CONSOLIDATION UNDERWAY

LOI to Acquire O3’S FANCAMP AND EMBRY PROPERTIES

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Fancamp Property (37 claims - 1895 hectares): ➢ Strategically situated between BTMI’s Muus and Muus East properties ➢ Five defined gold zones (A to E) with drill-ready targets ➢ Mineralization remains open in most directions and numerous targets have never been tested ➢ Comprehensive historical database including airborne and ground geophysics, surface mapping, trenching /sampling + 103 core drill holes and a small exploration decline. ➢ Selected historical drilling highlights from the A and B Zones, include:

• 10.62 g/t Au over 2.04 m (6.10 to 8.14 m; A Zone)
• 20.55 g/t Au over 0.91 m (10.77 to 11.68 m; A Zone)
• 12.33 g/t Au over 3.05 m (12.20 to 15.25 m; A Zone)
• 8.22 g/t Au over 6.10 m (11.90 to 18.00 m; A Zone)
• 5.14 g/t Au over 3.36 m (7.02 to 10.37 m; B Zone)
• 4.79 g/t Au over 2.44 m (26.84 to 29.28 m; B Zone)

➢ The majority of the historical drilling was to a maximum depth of about 50 m

Embry Property (11 claims - 668 hectares): ➢ Located at the intersection of the east-west trending Kapunapotagen deformation zone and north- northeast trending shear-zones ➢ Early-stage exploration property, having seen limited historical work

1 Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources

Blue Thunder Claims

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Blue Thunder Claims Blue Thunder Claims Muus Project Location and Claims

Muus East Nisk Muus

Nelligan

Chapais

Monster Lake Chevrier Joe Mann Phillibert Meston Fenton

Fancamp Embry Chibougamau-Chapais Mining Camp: 3 billion pounds of copper and 4 million ounces of gold produced

Well-maintained Forestry Service gravel road provides direct access to property

Chibougamau

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Muus Project Regional/Property Geology

Muus Nisk Muus East Fancamp Embry

(1) Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources (2) Geology sourced from Quebec Government’s Ministry of Energy and Natural Resources (MERN) SIGEOM website: sigeom.mrn.gouv.qc.ca

Nelligan Maiden Resource Announced October 2019

(75% IAMGOLD, 25% Vanstar)

Inferred Resource: 97Mt @ 1.0 g/t Au = 3.2Moz Au

(currently deposit is ~1 km along strike and open in most directions)

October 22, 2019 IAMGOLD Corporation News Release

Mineralization at Nelligan is Not Typical of the Abitibi

➢ Gold mineralization hosted in ductile-deformed sedimentary units within the Druillette syncline and associated with the Guercheville Deformation Zone. ➢ Pervasive alteration and replacement, with disseminated mineralization (rather than veins); this style of mineralization is not common locally.

DISTRICT ACTIVITY

NEW DISCOVERY AT NELLIGAN → Game-Changing Discovery

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Another Nelligan to be Found?

➢ The Nelligan host sedimentary units and structural fabrics strike WNW towards the Muus Property; Muus and Nelligan have similar underlying geology and setting. ➢ Regional and local structures and deformation zones are common to both Muus and Nelligan.

MUUS PROJECT - HISTORICAL WORK

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➢ Majority of the exploration work on Muus between 1950’s and 1980’s, focused on discrete parts of the property. Nisk and Muus East remain mostly unexplored. ➢ Previous work includes:

• 154 diamond-drill holes (ddh); mostly shallow and wide-spaced; anomalous drill

hole assays were generally not followed-up

• Till sampling using RC drilling
• Airborne and ground geophysical surveys (magnetics, EM, VLF, IP)
• Mapping, trenching and sampling

BLUE THUNDER EXPLORATION

➢ Blue Thunder acquired the Muus property in 2017 and have gradually added to the land position through staking and option agreements. ➢ Blue Thunder exploration includes:

• Airborne fixed wing aeromagnetic survey in early 2019, covering the original Muus

block (50-100 m spaced flight lines)

• Helicopter aeromagnetic survey (50-250 m spaced flight lines) in late 2019

covering the newly acquired ground at Muus, as well the Muus East and Nisk properties (results pending)

• Regional prospecting/sampling and a trenching/ sampling program at prospective

Welb Showing (results pending)

Source: SIGEOM WEBSITE, SYSTEM D’INFORMATION GEOMINERE DU QUEBEC | CARTE INTERACTIVE

MUUS HISTORICAL RC TILL SAMPLING / GEOLOGY

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Muus Property

Clusters of till concentrate samples ranging up to >23,000 ppb Au Guercheville Deformation Zone

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MEGATEM II MAGNETIC DATA

(1) Monster Lake NI 43-101 Technical Report, Apr 9, 2018, Prepared for Iamgold Corp and Tomagold Corp (2) Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources (3) Chevrier NI 43-101 Tehcnical Evaluation Report, Feb 4, 2019, Prepared for Genesis Metals Inc (4) Historical Resource estimate - Not in compliance with NI 43-101 and should not be relied upon (5) Sourced from Quebec Government SIGEOM website

Vertical Gradient of Residual Magnetic Field(5)

Muus

Joe Mann Mine Historical Production (4): 1.8Moz @ 8.5 g/t Au Chevrier Main Zone(3): Ind: 11Mt @ 1.2 g/t = 423Koz Inf: 6.3 Mt @ 1.3 g/t = 259Koz Monster Lake Deposit (1): Inf: 1.1Mt @ 12 g/t = 433Koz Au Philibert Deposit (4): 1.4Mt @ 5.3g/t = 200Koz Au Meston Deposit (4): 1.2Mt @ 6.3g/t = 200Koz Au

Nisk

Nelligan Deposit (2): Iamgold/Vanstar JV Inf: 97Mt @ 1.0 g/t = 3.2Moz Au

Muus East Fancamp

MUUS AIR-MAG SURVEYS (Total Magnetic Intensity)

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January 2019 most of the Muus property was flown; December 2019, the un-flown portions of Muus were flown, along with Nisk and Muus East; data merged

Muus Nisk Muus East

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SELECTED MUUS AND ADJACENT HISTORICAL SHOWINGS

(1) Historical Resource estimate - Not in compliance with NI 43-101 and should not be relied upon (2) Geology sourced from Quebec Government’s Ministry of Energy and Natural Resources (MERN) SIGEOM website: sigeom.mrn.gouv.qc.ca

Lac Bernard-South Drillhole LB-1 1 g/t Au over 1.6m From 139.3m to 140.9m Lac Bernard West Drillhole F1: 0.6m @ 13.6 g/t Ag From 58.2m to 58.8m Welb 8 g/t Au over 1m Channel sample Chesbar 2-B Drillhole 15 0.3% Cu over 5.5m From 282’ to 300’ Chesbar Deposit(1) Historic Resource 14Kt @ 1.9% Cu Lac Rane 1.2% Cu + 0.4 g/t Au Over 0.5m Channel Sample PS-3 2.6 g/t Au grab sample Riverside Hole 1-A 29.5 g/t Au over 0.6m From 379 ft to 381 ft Drillhole VS-93-01 1.1 g/t Au over 0.6m From 57.8m to 58.4m Lac des Vents South Hole LDV-9 4.0 g/t Au over 2.0m From 16.6m to 18.6m Drillhole SP-93-02 1.6 g/t Au over 1m From 23.5m to 24.5m Drillhole LC-20 1.2 g/t Au over 0.4m From 66.5 to 66.9m Drillhole LDV-28 2.3 g/t Au over 1.5m From 76m to 77.5m Lac Des Stables 0.6% Cu and 1.7 g/t Ag Grab Sample

Fancamp - See Next slide

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BLUE THUNDER – O3 LOI | Fancamp Property

Geology and Selected Historical Drill Intercepts

(1) Geology sourced from Quebec Government’s Ministry of Energy and Natural Resources (MERN) SIGEOM website: sigeom.mrn.gouv.qc.ca

▪ 10.62 g/t Au over 2.04 m (B-A at 6.10 m) ▪ 20.55 g/t Au over 0.91 m (T-5 at 10.77 m) ▪ 12.33 g/t Au over 3.05 m (M-5 at 12.20 m) ▪ 8.22 g/t Au over 6.10 m (M-6 at 11.90 m) ▪ 5.14 g/t Au over 3.36 m (G-74-6 at 7.02 m) ▪ 4.79 g/t Au over 2.44 m (AM-81-9 at 26.84 m) 4.60 g/t Au over 3.05 m (MF-88-1 at 108.84 m) 1.42 g/t Au over 2.27 m (MF-88-2 at 161 m)

• 0.55 g/t Au over 2.35 m (MF-88-1 at 106.45 m)
• 8.82 g/t Au over 0.75 m (surface trench)

Muus Project: Initial Target Areas

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Muus Nisk Muus East Fancamp

(1) Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources (2) Geology sourced from Quebec Government’s Ministry of Energy and Natural Resources (MERN) SIGEOM website: sigeom.mrn.gouv.qc.ca

NEXT STEPS:

DEFINE HIGHEST PRIORITY DRILL TARGETS

➢ Compile all historical data on the Project and incorporate with the recent airborne surveys ➢ Complete Artificial Intelligence and Machine Learning using compiled Project data to assist in target definition ➢ 2020 Spring/summer: complete mapping/sampling ground geophysics over prioritized targets ➢ 2020 Spring/summer: diamond-drilling of “best” targets ➢ Continue to pursue new acquisition/M&A opportunities

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• Founder and Chairman of Red Cloud

Securities

• Former CEO of Victoria Gold Corp
• Former Head of Mining Investment

Banking at Blackmont Capital

CHAIRMAN, CEO, DIRECTOR

Chad Williams

• Former VP, Research at Red Cloud Securities
• Former Manager of Corporate Development at

Victoria Gold Corp from 2010 to 2015

• Over 10 years of experience exploration geologist

in the DRC, Canada and Indonesia

TECHNICAL ADVISOR

Edmond Thorose

• Almost 15 years of experience in all aspects of

the finance function within the mining industry

• Previously CFO of Lupaka Gold Corp. and VP

Finance at Dominion Diamond Corporation

• Has CPA (CMA) designation and is a CFA

charterholder

CHIEF FINANCIAL OFFICER

Ryan Webster Drew Anwyll, P.Eng

PRESIDENT

• Former SVP Technical Services Detour Gold
• Former VP Operations & Mine General Manager

Detour Gold

• Over 25 years of international gold mining

experience in exploration, start-up, construction and production in Open Pit and Underground

• perations

Our Strong Management Team

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• Former VP Corporate Development at Entrée

Resources and COO at Mason Resources

• More than 30 years experience in the mining and

exploration industry with a strong background in project management and evaluation, exploration program design and execution, and evaluation of M&A opportunities

Technical Consultant

Robert Cinits P.Geo

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• Operating executive with senior

management background

• Dedicated to building and transforming
• rganizations to drive significant growth

and value

DIRECTOR

Arv Gupta

• President of Red Cloud Securities
• Former Director in the Mining Equity Research

Group for National Bank Financial

• Over the past 20 years has worked in mining

equity research at Wellington West, Scotia Capital and TD Securities

DIRECTOR

Paolo Lostritto

• Mining Executive and Geologist with over 30

years of experience

• At Toronto Stock Exchange from 1997 to 2005

culminating as National Leader of Mining

• Director of Aurania Resources Ltd., Almaden

Minerals Ltd and Alamos Gold Inc.

DIRECTOR

Elaine Ellingham

• Entrepreneur with 20 years of experience in

management and business development in technology

• Areas of expertise: strategic planning, business

development, providing strategic solutions, creating business initiative and identifying

• pportunities.

DIRECTOR

Rick Paolone

Accomplished Board of Directors

Phil Girard

DIRECTOR

• 30 year capital markets professional, specialized in

funding Junior & Mid-Cap growth public companies.

• Extensive understanding of financial analysis,

accounting, and proper capital structure to mitigate investment risk.

• Former Branch Manager (2000-2015), member of the

Executive Management Team, Board of Director of Haywood Securities Inc.

• Co-Founder of Green Rise Capital Corp.(2017)

CONTACT US Blue Thunder Mining Corporation 105 King Street East 2nd Floor Toronto, ON M5C 1G6 info@bluethundermining.com 1-416-477-3404

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Appendix / Supplemental Slides

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Blue Thunder / Platform Eight Transaction And Public Listing

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➢ On January 31, 2020 Blue Thunder Mining Corp. (“Blue Thunder”) and Platform Eight Capital Corp. (“Platform”) received conditional approval from the TSX Venture Exchange (“TSXV”) of the Qualifying Transaction1

• f Platform. At the closing of the transaction, in accordance with the

amalgamation agreement dated November 28, 2019:

• Platform will acquire all issued and outstanding shares of Blue

Thunder for 26.8476 shares of Platform

• Platform will change its name to Blue Thunder Mining Inc.
• Blue Thunder Mining Inc. will commence trading with a TSXV listing

under the symbol BLUE ➢ All pending TSXV approvals have been received and Blue Thunder commenced trading on February 14, 2020 (TSXV:BLUE)

(1) As such term is defined in Policy 2.4 of the Corporate Finance Manual of the TSXV

Adjacent Properties

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Note: Property boundaries of adjacent properties are approximate