Forward Looking Statements This document contains forward-looking - PowerPoint PPT Presentation

BLUE THUNDER MINING INC TSX-V:BLUE | August 6, 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 timing of exploration due to restrictions related to the COVID-19 outbreak, 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 and Monster Lake gold discoveries are potential game changers 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, Executive Chairman

2020 has been busy… but we’re just getting started! February 2020 • Blue Thunder Mining Inc. formed through RTO • Commences trading on TSX- V under ticker symbol “BLUE” May 2020 • Acquired the Fancamp and Embry properties from O3 Mining - Muus Project grows to five properties, totaling 51,000 ha of prime exploration ground • Compilation, digitization and re-interpretation of hundreds of historical reports and images June/July 2020 • Raised $2.3 million through a private placement • Developed a strong, Québec-based exploration team • Designed a two-phase exploration program to advance the three principle target areas; many more targets remain to be evaluated • Commenced excavator-based trenching and mapping and sampling Summer/Fall 2020 • Blue Thunder’s first drill campaign to commence on Fancamp and Muus properties

2020 Goals and Beyond • Continue to identify exceptional opportunities for growth and create value for our shareholders • Have the best team in place to unlock value from our projects • Work within a culture of honesty, integrity and transparency • Respect our host communities and the environment • Become the “Go To” Junior in Québec • Aim big and make new discoveries!

Blue Thunder Highlights ➢ LARGE STRATEGIC LAND POSTION IN GEOLOGIC HOT SPOT • 100% interest in the Muus Project; five properties totaling ~51,000 ha in the Chibougamau Gold District, focus of intense recent consolidation, staking and M&A • Strategically covers ~24 km of the Guercheville Deformation Zone and ~8 km of the Fancamp Deformation Zone, both of which are host to many gold showings, deposits and historical mines • Recent gold discoveries at nearby Nelligan Deposit (97 Mt at 1.0 g/t Au Inferred Resource 1 ) and Monster Lake Deposit (1.11 Mt at 12.14 g/t Au Inferred Resource 2 ) ➢ DRILLS WILL BE TURNING SOON • Prospecting, mapping, trenching and channel sampling program underway - Phase I • With $2.3M financing completed, expanded ~4,500m drill program to begin in mid-August - Phase II • Focus is at Fancamp , an advanced gold exploration play with five identified gold zones situated along a significant structural trend ➢ OPERATING IN ONE OF THE BEST JURISDICTIONS • Quebec rated among the best mining jurisdictions in the world by the Fraser Institute (2019) • Excellent access and infrastructure; ~55 km SSW of Chibougamau; good road access; power and rail nearby 1 Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources 2 Monster Lake NI 43-101 Technical Report, Apr 9, 2018, Prepared for Iamgold Corp and Tomagold Corp 6 Note that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

Blue Thunder Share Structure (as of August 6, 2020) Principal Shareholders TSXV:BLUE 80.39 M shares outstanding Red Cloud 7.28 M options Mining Retail and 10.51 M warrants Capital Inc. Others 98.18 M fully diluted 24.8% 28.8% $11.7 M Market Capitalization $0.9 M cash (as of March 31, 2020 - excludes $2.3mm private placement) Honey 5.7% Badger 8.3% O3 Mining 23.5% 9.0% Institutional Board and Investors Management 7

Muus Project Location and Claims Chibougamau Historic Chibougamau-Chapais Mining Camp (2) : 3 billion pounds of copper and 4 million ounces of gold produced Chapais Embry Chevrier Well-maintained Forestry Service gravel road provides direct access to property Fancamp Monster Chibougamau Gold District Muus East Lake 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 (2) DV 98-04, Geology and Metallogeny of the Chapais-Chibougamau Mining District, Pierre Pilote 8

MUUS PROJECT - HISTORICAL CONTEXT ➢ Muus was explored 1950’s to 1980’s; Fancamp mostly drilled 1950’s to 1990’s; Nisk and Muus East remain mostly unexplored. ➢ Previous work includes 343 core holes; shallow and wide-space → Anomalous assays were generally not followed-up The recent Nelligan 1 and Monster Lake 1 discoveries highlight the prospectivity of this gold district RECENT BLUE THUNDER EXPLORATION ➢ In 2017 Blue Thunder acquired Muus (12,000 ha); currently grown to ~51,000 ha through staking and low cost option agreements. ➢ Exploration on Blue Thunder claims includes: • 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 • Regional prospecting/sampling and a trenching/sampling program at the prospective Welb Showing 1- Note that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of 9 mineralization hosted on the Company's property.

Muus Project: Priority Target Areas Priority I Target Areas → Focus is on Target Areas 1, 2 and 3 Priority II Target Areas Chevrier Main Zone Deposit (3) : Ind: 11Mt @ 1.2 g/t = 423Koz Inf: 6.3 Mt @ 1.3 g/t = 259Koz Fancamp Monster Lake Deposit (1) : Inf: 1.1Mt @ 12 g/t = 433Koz Au 1 Joe Mann Mine Muus East Historical Production (4) : 1.8Moz @ 8.5 g/t Au Muus 3 2 Meston Deposit (4) : 1.2Mt @ 6.3g/t = 200Koz Au Philibert Deposit (4) : 1.4Mt @ 5.3g/t = 200Koz Au Nelligan Deposit (2) : Iamgold/Vanstar JV Inf: 97Mt @ 1.0 g/t = 3.2Moz Au Nisk Adapted and modified from Quebec Government’s Ministry of Energy and Natural Resources (MERN) SIGEOM website (1) Monster Lake NI 43-101 Technical Report, Apr 9, 2018, Prepared for Iamgold Corp and Tomagold Corp 10 (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