| February 20, 2020 | bluethundermining.com|
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. 2 2
“ 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 3
Blue Thunder Highlights ➢ 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 ➢ 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 ➢ 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) ➢ 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 ➢ 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) 4 4 4
Blue Thunder Share Structure (as of February 14, 2020) TSXV:BLUE 51.84 M shares outstanding Principle Shareholders 4.85 M options 5.25 M warrants 61.94 M fully diluted $6.8 M Market Capitalization Others 35.7% Red Cloud Mining Capital 43.5% Inc. 5.9% Plethora Private 3.7% Equity 11.2% Board and Delbrook Management 5
Blue Thunder / O3 LOI Acquisition of Fancamp and Embry Properties ➢ 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 6
DISTRICT CONSOLIDATION UNDERWAY LOI to Acquire O3’S FANCAMP AND EMBRY PROPERTIES 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 7
Muus Project Location and Claims Blue Thunder Claims Blue Thunder Claims Blue Thunder Claims Chibougamau Chibougamau-Chapais Mining Camp: 3 billion pounds of copper and 4 million ounces of gold produced Chapais Embry Chevrier Well-maintained Forestry Service gravel Fancamp road provides direct access to property Monster Lake Muus East Muus Fenton Joe Mann Phillibert Meston Nelligan Nisk 1 Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources 8
Muus Project Regional/Property Geology Embry Fancamp Muus East Muus Nisk (1) Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources Geology sourced from Quebec Government’s Ministry of Energy and Natural Resources (MERN) SIGEOM (2) website: sigeom.mrn.gouv.qc.ca 9
DISTRICT ACTIVITY NEW DISCOVERY AT NELLIGAN → Game-Changing Discovery 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. 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. 10 10
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