[PPT] - INVESTOR PRESENTATION TSX-V : GTT Saddle North th Project ct, PowerPoint Presentation

SLIDE 1

Saddle North th Project ct, Tatogga Property Golden Triangle, BC

JULY 2020 TSX-V : GTT OTC : GTGDF

INVESTOR PRESENTATION

SLIDE 2

Cautionary Statement Regarding Forward Looking Information

TSXV: GTT 2

Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar words and expressions to the extent they relate to GT Gold Corp. (the “Company”) or its management. The forward-looking statements are not historical facts and are based on current expectations and various estimates, factors and assumptions, and therefore involve known and unknown risks, uncertainties and other factors. Any forward-looking statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as of any subsequent date. The material factors and assumptions that were applied in making the forward-looking statements in this presentation include:

execution of the Company’s existing plans or exploration programs for its properties, which may change due to changes in the views of the Company, or if new information arises which

makes it prudent to change such plans or programs; and

the accuracy of current interpretations of geochemical, geophysical, drilling and other exploration results, since new information or new interpretations of existing information may result in

changes in the Company’s expectations. Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties

r other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-

looking statements will materialize. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

QA/QC PROCEDURES

GT Gold has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and analysis of RC chips and diamond drill core, the complete details of which can be viewed on the Company’s website at http://www.gtgoldcorp.ca/projects/tatogga/ For full details on both Saddle North and Saddle South reverse circulation and diamond drill program assay results widths reported in this presentation, please refer to the corresponding press release available on the Company website at www.gtgoldcorp.ca/news/. All assays are performed by ALS Canada Ltd. (Minerals), with sample preparation carried out at the ALS facility in Terrace, BC, and assays at the North Vancouver laboratory. Assay values are uncut. For gold, fire assays are performed as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using 50 grams of sample with assays equal to or greater than 5 g/t Au calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption. All samples that return equal to or greater than 5 g/t Au from initial fire assaying are additionally sent for screen metallic analysis using the remainder of the pulp (~950 grams of sample). This step is taken to ensure that any coarse grained, nugget gold fraction that may have been missed in the fire assays has been captured. GT Gold Corp.’s Qualified Person as defined by National Instrument 43-101 is Michael Skead, FAusIMM, VP Project Development. Mr. Skead has reviewed and approved the technical information in this presentation.

SLIDE 3

Attractive New Copper & Gold Investment Opportunity

TSXV: GTT 3

Maiden Mineral Resource for Saddle North Project

Multi-billion pound copper and multi-million ounce gold resource
Located in Tier-1 Canadian jurisdiction with infrastructure
Prospective property with regional exploration upside potential

Strong Leadership Team

Highly experienced management and board with proven track record
Clear, dual-focused growth strategy to create long-term value

Solid Financial Position

Sufficient funds to support 2020 exploration season and work to complete

Saddle North PEA

Shareholder Confidence

11.9% ownership by Directors and Management
14.9% ownership by Newmont Corporation

LEADERSHIP

& GROWTH STRATEGY

$14.4M CASH*

NO DEBT

INSIDER & CORPORATE

OWNERSHIP

1.81 Blb Cu | 3.47 Moz Au

INDICATED RESOURCE

2.98 Blb Cu | 5.46 Moz Au

INFERRED RESOURCE

*as at March 31, 2020

SLIDE 4

Highw hway y 37 SA SADDLE LE DISCOVER VERIE IES  287 kV Power Line ne

Existing

Infrastructure

Easily

Accessible

Within Tahltan

Traditional Territory

Within Prolific

Golden Triangle in BC, Canada TATOGGA PROPERTY

Iskut ut Communit unity

N

TATOGGA PROPERTY

Tier 1 Mining Jurisdiction with Access and Infrastructure

7/28/2020 TSXV: GTT 4

SLIDE 5

Attractive New Investment Opportunity with District Upside Potential in Canada

TSXV: GTT 5

1. ADVANCE SADDLE NORTH TO PEA

Saddle North large-scale gold-copper porphyry deposit with optionality and expansion upside ✓ Geological model completed in Q1 ✓ Initial mineral resource estimate completed in Q2

Continue ongoing engineering work and studies to

deliver the Preliminary Economic Assessment (PEA) in Q4 2020

2. DEVELOP NEW TARGETS ON PROPERTY
Quash Pass target

5-6 km long strong coincident soil and geophysical anomaly located less than 8 km from Saddle area

Saddle area

highly prospective untested targets adjacent to Saddle discoveries

Additional targets

identified on prospective 468 km2 property

2020 Clear Dual-focused Strategy to Create Long-term Value

SLIDE 6

Saddle North Mineral Resource Estimate

SLIDE 7

Alteration Model* Lithology Model*

*See press releases dated April 28, 2020 and July 6, 2020 for details on Saddle North alteration and lithology models and Quality Control processes in creating the Mineral Resource estimate.

Shapes from the geological model were imported and used as estimation domains to create the Mineral Resource Block Model

SADDLE NORTH MINERAL RESOURCE

Quality Control from Geological Model to Mineral Resource Estimate

TSXV: GTT 7

0m 250m 500m 750m

Saddle North Combined Mineral Resource Open Pit and Underground*

SLIDE 8

Indicated Resource

298 Mt @ 0.28% Cu, 0.36 g/t Au and 0.79 g/t Ag  1.81 Blb Cu, 3.47 Moz Au and 7.58 Moz Ag

Inferred Resource

543 Mt @ 0.25% Cu, 0.31 g/t Au and 0.67 g/t Ag  2.98 Blb Cu, 5.46 Moz Au and 11.64 Moz Ag ✓ Open pit as well as underground mining potential ✓ Potential for expansion with mineralization open down plunge and to the southwest

Basis for PEA expected by year-end 2020

SADDLE NORTH MINERAL RESOURCE

2020 Maiden Mineral Resource Summary

Saddle North Combined Mineral Resource Open Pit and Underground*

*See press release dated July 6, 2020 for notes on mineral resources, Net Smelter Return (“NSR”) and assumptions TSXV: GTT 8

SLIDE 9

SADDLE NORTH MINERAL RESOURCE

2020 Mineral Resource Estimates & Assumptions

Saddle North Open Pit Mineral Resource (NSR1 cut-off $9.00/t)

Resource Category Tonnes (Mt) Average Grade Contained Metal Cu (%) Au (g/t) Ag (g/t) Cu (M lb) Au (koz) Ag (koz) Open Pit Material Transition Indicated 21.3 0.15 0.16 0.50 72 108 343 Inferred 13.0 0.20 0.12 0.62 58 49 261 Fresh Indicated 195.8 0.26 0.30 0.67 1,105 1,906 4,207 Inferred 240.5 0.22 0.25 0.53 1,174 1,907 4,091 Total Indicated 217.1 0.25 0.29 0.65 1,177 2,014 4,550 Inferred 253.5 0.22 0.24 0.53 1,232 1,956 4,352

Saddle North Underground Mineral Resource (Bulk shape based on C$16/t NSR)

Resource Category Tonnes (Mt) Average Grade Contained Metal Cu (%) Au (g/t) Ag (g/t) Cu (M lb) Au (koz) Ag (koz) Underground Material Total Indicated 80.9 0.35 0.56 1.16 632 1,457 3,026 Inferred 289.3 0.27 0.38 0.78 1,750 3,499 7,288

Saddle North Combined Open Pit and Underground Mineral Resource

Resource Category Tonnes (Mt) Average Grade Contained Metal Open Pit and Underground Cu (%) Au (g/t) Ag (g/t) Cu (M lb) Au (koz) Ag (koz) Combined Indicated 298.0 0.28 0.36 0.79 1,809 3,471 7,576 Inferred 542.8 0.25 0.31 0.67 2,982 5,455 11,640

Differences may occur in totals due to rounding.
The effective date for the Mineral Resource is July 6, 2020.
Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be

materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.

CIM definitions were followed for classification of Mineral Resources. The quantity and grade of reported indicated and inferred Mineral Resources in

this estimation are uncertain in nature. There has been insufficient exploration data to define the inferred Mineral Resources as an indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured Mineral Resource category.

Assumptions

Metal prices: US$3.25/lb Cu / US$1,500/oz Au / US$18/oz Ag
Avg relative density: 2.80 g/cm3
US$/C$ exchange rate: 0.76
Metal recoveries: 88% for Cu / 67% for Au / 58% for Ag

Open Pit

Mining costs: C$2.30/t, with additional incremental depth cost
Processing and G&A costs: C$9.00/t
Pit wall angle: - 45º
Net Smelter Return (“NSR”) cut-off: C$9.00/t

Underground

Underground bulk mining shape based on NSR C$16.00/t

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………

Payable metal net of smelter costs at 89%
1NSR ($/t) = (Cu% x $73.84 per % Cu) + (Au g/t x $37.84 per

gram Au) + (Ag g/t x $0.39 per gram Ag) TSXV: GTT 9

SLIDE 10

SADDLE NORTH MINERAL RESOURCE

Resource Grade Continuity and Zonation

1 1 3 7 8 9 11 12 9 6 2 1 1 7 11 9 12 12 9 14 18 12 12 12 7 6 3 2 19 36 41 39 38 38 30 30 20 15 15 9 5 3 3 2 27 47 59 46 38 28 17 8 3 1 5 44 64 41 15 5 2 1 1 20 40 60 80 100 120 140 160 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 400 300 200 100 Resource (Mt) Elevation (m)

Tonnes of Resource by NSR value per 100 m Depth Intervals

ver 60

40 - 60 20 - 40 09 - 20 0 - 09

Notes

Net Smelter Return (“NSR”) ($/t) = (Cu% x 2204.62

lb/t x Cu Recovery x payable% x Cu Price) + (Au g/t ÷ 31.10348 ounces x Au Recovery x Au Price x payable%) + (Ag g/t ÷ 31.10348

unces

x Ag Recovery x Ag Price x payable%) Payable metal net of smelter costs at 89%

NSR ($/t) = (Cu% x $73.84 per % Cu) + (Au g/t x

$37.84 per gram Au) + (Ag g/t x $0.39 per gram Ag)

Metallurgical recoveries of 88% for copper, 67% for

gold and 58% for silver

Metal

prices

f

USD $3.25/lb

f

copper, USD $1,500/oz of gold and USD $18/oz of silver

Average density of 2.80 g/cm3

Continuous grades extending +1.5 km

TSXV: GTT 10

Mt per NSR category

SLIDE 11

SADDLE NORTH MINERAL RESOURCE

Saddle North Resource Expansion Potential

Mineralization remains open at depth and to northwest and southeast

N

850 m 1.15 km

B’ B A’ A B’ B

TSXV: GTT 11

Saddle North plan view

A’ A

SLIDE 12

ADVANCING SADDLE NORTH

Next Steps – towards a PEA in 2020

TSXV: GTT 12

Q3: File National Instrument 43-101 (“NI 43-101”) Technical Report for Saddle North Mineral Resource Q3: Results expected from further comminution testing of nine variability samples collected:

5 from potential open pit limits (3 from broad envelope of mineralization + 2 from high-grade core)
4 from deeper high-grade core of mineralization with underground mining potential

Q4: Anticipated completion of Saddle North Preliminary Economic Assessment by year-end 2020

Mining – mine design, access & infrastructure, production schedule, optimization, cut-off grade
Geotechnical / Hydrology – tailings management, site water management, waste rock facility
Mineral Processing / Metallurgy – basic engineering & design, flowsheets, site layouts
Environmental / Social - water quality, climate, hydrology, hydrogeology, wildlife & vegetation,

fisheries, ARD/ML, socioeconomics, land use, culture and heritage

Estimating - capital, sustaining and operating costs
Economic Analysis - financial model with indicators and sensitivity analysis
Filing of NI 43-101 Technical Report within regulatory time frame to follow early 2021

TSXV: GTT 12

SLIDE 13

Saddle South Upside

SLIDE 14

Saddle ddle

TSXV: GTT 14

2017: High grade gold-in-soil anomalies

were followed up by first ever drilling at Saddle South

Drilling to date (2017-2019) has outlined:

✓ An extensive near-surface zone of high grade Au-Ag vein mineralization spanning ~1,000 m X 150 m X 700 m ✓ Good continuity across sections both near surface and at depth in high grade zones ✓ Locally extensive surface expression

f mineralization
Mineralized system remains open along

strike and at depth

Situated within 3 kilometres of Saddle

North project

Saddle Zone Plan Map

IP chargeability basemap Residual Magnetic Intensity (RMI) magnetic contours

1000 metres

Saddle North (West) Eastern Extension

mV/V mV/V Residual Magnetic Intensity (contours) 500 nT

200 nT

TTD079 9.55 g/t Au

ver 40.89 m

TTD007 51.53 g/t Au and 117.38 g/t Ag

ver 6.95 m

TTD058 31.79 g/t Au and 1,141.10 g/t Ag

ver 3.01 m

TTD064 1.35 g/t Au and 0.37% Cu

ver 18.50 m

TTD135 10.00 g/t Au and 46.84 g/t Ag

ver 53.73 m

ADVANCING SADDLE AREA

Saddle South – Precious Metal Rich Vein System

SLIDE 15

TSXV: GTT 15

Historical drilling (2017-2019)

Reverse circulation drilling:

2017: 28 holes (1,524 m)

Diamond drilling:

2017: 58 holes (14,471 m) 2018: 36 holes (16,587 m) 2019: 4 holes (1,289 m) TOTAL: 98 holes (32,347 m)

ADVANCING SADDLE AREA

Saddle South – Gold and Silver Rich System Adds Upside

TTD135 9.47 g/t Au and 6.30 g/t Ag

ver 2.59 m

(158.66 – 161.25 m) TTD135 10.00 g/t Au and 46.84 g/t Ag

ver 53.73 m

(93.27 – 147.00 m) TTD135 4.29 g/t Au and 8.53 g/t Ag

ver 14.80 m

(34.00 – 48.80 m) TTD140 5.60 g/t Au and 15.19 g/t Ag

ver 15.00 m

(35.00 – 50.00 m) TTD140 4.00 g/t Au and 15.23 g/t Ag

ver 23.74 m

(53.36 – 77.10 m) TTD140 6.58 g/t Au and 26.46 g/t Ag

ver 28.30 m

(80.70 – 109.00 m)

SLIDE 16

16

ADVANCING SADDLE AREA

Saddle South – Cross Sections of a Precious Metal Rich Vein System

4.29 g/t Au & 8.53 g/t Ag

ver 14.80 m

10.00 g/t Au & 46.84 g/t Ag

ver 53.73 m

9.47 g/t Au & 6.30 g/t Ag

ver 2.59 m

30.39 g/t Au & 56.71 g/t Ag

ver 1.75 m

5.38 g/t Au & 2.98 g/t Ag

ver 1.00 m

5.60 g/t Au & 15.19 g/t Ag

ver 15.00 m

4.00 g/t Au & 15.23 g/t Ag

ver 23.74 m

6.58 g/t Au & 26.46 g/t Ag over 28.30 m 1.70 g/t Au & 3.73 g/t Ag

ver 23.00 m

0.52 g/t Au & 0.67 g/t Ag

ver 10.00 m

5.53 g/t Au & 7.88 g/t Ag

ver 11.00 m

2.80 g/t Au & 2.45 g/t Ag

ver 8.00 m

2.24 g/t Au & 1.27 g/t Ag

ver 6.49 m

1.91 g/t Au & 16.05 g/t Ag

ver 0.66 m

SLIDE 17

2020 Exploration

SLIDE 18

TSXV: GTT 18

Porphyry district comparisons show Tatogga upside
Initial diamond drill program beginning late July in

Quash Pass area

Saddle remains a high priority target area

Red Chris mine Saddle

Tatogga Property

Quash Pass

Anomaly ~3km

+0 +1000 +0 +1000

NW SE

IP chargeability

Red d Chris Saddle ddle North th

3km Cadia 5.5km

Gully Zone Main Zone East Zone OP East Zone UG Au ppm 0.5 0.4 0.3 0.2 0.1 Ridgeway Big Cadia Cadia Quarry Cadia Hill Little Cadia Cadia East

DEVELOPING A PROJECT PIPELINE

2020 Exploration: District Potential

Note: Cadia and Red Chris sections sourced from Newcrest’s Exploration Edge presentation (Jan 20, 2020)

SLIDE 19 6,402,000 mN 430,000 mN 432,000 mN 430,000 mN 432,000 mN Apparent Conductivity (Mobile MT) > 6.86 mS/m 5.59 mS/m 5.06 mS/m 4.93 mS/m 4.73 mS/m 4.54 mS/m < 3.19 mS/m Induced Polarization Chargeability > 25.0 mV/V 6.0 mV/V 5.0 mV/V 4.0 mV/V 3.0 mV/V 2.0 mV/V 0.0 mV/V

TATOGGA PROPERTY

Quash-Pass

QUASH-PASS

Multielement & Index Signatures
Large base metal surface

expression

Multielement zonation and

corridors

500 metres 250

Quash-Pass Plan Map

Base maps:

IP Chargeability, 213 Hz MT, 50 m Elevation Contours, & Streams . Projection: UTM NAD 83 Zone 9

Four Distinct Soil Geochemical Targets
Main Trend, Silverhead, Central, &

Valleyside

1 – 5 5 – 10 10 – 25 25 – 50 50 – 75 75 – 100 100 – 150 >150 Au-in-Soil (ppb)

SLIDE 20

500 metres 250

Quash-Pass Plan Map

Base maps:

IP Chargeability, RMI Magnetic Contours, 50 m Elevation Contours, & Streams . Projection: UTM NAD 83 Zone 9 Induced Polarization Chargeability > 25.0 mV/V 6.0 mV/V 5.0 mV/V 4.0 mV/V 3.0 mV/V 2.0 mV/V 0.0 mV/V RMI Magnetics Contoured >500 nT 100 nT 50 nT 0 nT <-200 nT

TATOGGA PROPERTY

Saddle North

SADDLE AREA

More to be Found
Saddle North, along strike, at depth,

and in the Poelzer Footwall

Western Geochem, Central and

Southern IP anomalies

New and Old Targets

from Surface

TTD064: 7.40 m @

2.28 g/t Au, 0.56% Cu

1 – 5 5 – 10 10 – 25 25 – 50 50 – 75 75 – 100 100 – 150 >150 Au-in-Soil (ppb) Collars Legend Past Drilling

SLIDE 21

2019 FIELD SEASON

Respect for Community, Culture and Wildlife

Formal Communication and Engagement

Agreement with Tahltan Central Government

Continuing water sampling
Progressive reclamation of drill and camp areas
Archaeology assessment and surveys

SOCIAL RESPONSIBILITY

Working in Tahltan Traditional Territory

TSXV: GTT 21

Tahltan employees Exploration spending in contracts with Tahltan or Tahltan Partner companies Community Sponsorship and Communications Agreement

27% $3M ~$70k

SLIDE 22

TSXV: GTT 22

9.9%

8.9 14.9 11.9 39.6 24.7

% GTT Ownership1

Retail Ross Beaty Institutions Directors & Management

1. Source: IR Insight, Cap IQ, Morningstar, direct communication with firms and SEDI

filings to May 30, 2020.

2. Prices and year to date average volume provided as at close of day July 22, 2020.
3. As at April 20, 2020.
4. As at March 31, 2020.
5. Refer to financing press releases dated May 29, 2019 and December 12, 2019.

.

Capitalization and Balance Sheet (C$)

Share Price2 $1.47 Basic Shares Outstanding3 125.9M Options Outstanding3 10.4M Basic Market Capitalization $185.1M Cash4 $14.4M Total Debt $0

Analyst Coverage

Agentis Capital – Michael Gray
Cormark Securities – Brock Colterjohn
Industrial Alliance – George Topping
M Partners – to be confirmed, analyst left firm
Paradigm Capital – David Davidson
PI Financial – Chris Thompson
Stifel GMP – Tyron Breytenbach

INVESTOR INFORMATION

Equity Structure & Analyst Coverage

2020 Year to Date2 Share Perfomance

Newmont5 GT Gold average daily volume: 546,000 shares

(consolidated across Canadian venues)

+38% +34% +19% +4% GT Gold GDXJ Gold Copper

SLIDE 23

Q&A

SLIDE 24

Sunlife Plaza. 1100 Melville Street, Suite 610 Vancouver, BC V6E 4A6 236-427-4711 | www.gt .gtgoldcorp rp.ca For investor inquiries, please contact: JENNI PIETTE, HEAD OF INVESTOR RELATIONS 647-531-2471 | j. j.piette@gt gtgo goldcorp rp.ca

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