INVESTOR PRESENTATION November 2019 Tatogga Project, Golden - - PowerPoint PPT Presentation

Tatogga Project, Golden Triangle, BC November 2019

INVESTOR PRESENTATION

GTT : TSX-V

Cautionary Statement Regarding Forward Looking Information

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. They 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

• f 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 or 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/ Saddle Reverse Circulation and Diamond Drill Program Assay Results Widths reported in this presentation are drilled core lengths. True widths are estimated to be approximately 85- 90% of drilled lengths for minus 50 degree holes, and approximately 70% for minus 70 degree holes. 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 Charles James Greig, P.Geo., Vice President, Exploration. Mr. Greig has reviewed and approved the technical information in this presentation.

TSXV: GTT 2

TSXV: GTT 3

GT Gold – New Copper-Gold Play with Infrastructure and Upside

Strong management team with technical expertise and a track record of value creation

SADDLE NORTH DISCOVERY

• Exposure to both copper and gold
• Large-scale, high-grade Cu-Au

porphyry system, mineralized to near surface with grades increasing to depth

• Grades exceeding 1.0% CuEq /

1.5 g/t AuEq over 777m including 1.5% CuEq / 2.0 g/t AuEq over 342m (Hole 109)*

EXPLORATION UPSIDE

• 2018 Saddle North

High-grade Cu-Au porphyry with scale and open at depth

• 2017 Saddle South

Near surface epithermal Au-Ag system open to east, west, south and at depth

• Additional targets identified on

prospective 468 km2 property

TIER 1 MINING JURISDICTION

• Located in British Columbia’s

Golden Triangle – a prolific mining region hosting a number of

• perating mines and world-class

deposits

• Existing infrastructure with

proximity to operating mine – including paved highway and access to provincial power grid

TSXV: GTT 4

CANADA

Red Chris mine Paved Highway 37

Tatogga Property

287 kV Line Port of Stewart

Tatogga: Tier 1 Jurisdiction with Access & Infrastructure

Iskut

SADDLE NORTH SADDLE SOUTH

100% owned 468 km2 property N Drillhole

Large Scale Cu-Au Porphyry

8,200 m of drilling

Discovery confirmed! Identified large- scale mineralization with high-grade core, varying in thickness from ~100 m near surface to over 300 m toward depth of ~1,100 m from surface. .

Saddle North: Large Scale Cu-Au Porphyry Discovery

Blind Target Discovery

1,100 m of drilling

Geophysical work in 2017 identified a coincident magnetic & IP anomaly ~1,000 m across. Large scale Cu-Au porphyry style mineralization uncovered with end of season drilling. 2019 Saddle North drill core - late sheeted pyrite veinlets cutting veins

TSXV: GTT 5

NEXT STEPS:

Report all compiled 2019 assays Geological model H1 2020

2019

Began consultation in Sep 2019 to progress Saddle North through resource estimation and economic evaluation

2017

2018

Growth: Infill & Expansion

25,000 m of drilling

Phase 1 & 2 results to date have successfully: 1) extended known higher-grade core of mineralization down-dip by ~450 m (to vertical depth below surface of ~1,550 m); 2) confirmed continuity of the higher-grade core in the central part of the deposit, and; 3) extended near surface mineralization by ~200 m to the northwest. System remains open at depth and along strike.

Saddle North 2019 Drilling to Date

TSXV: GTT 6

 2019 program tested core

• f mineralized porphyry

intrusive system to 1.5 km depth  Demonstrated continuity in higher grade southerly- plunging core from surface to highest-grades at depth  100% of holes drilled intersected Cu-Au porphyry-style mineralization  System remains open in most directions with most obvious significant potential at depth to S

TTD131 250.00 metres @ 0.35 g/t Au and 0.20% Cu, 0.63 g/t AuEq and 0.46% CuEq TTD128 4.11 m @ 25.42 g/t Au TTD129 793.00 metres @ 0.46 g/t Au and 0.38% Cu, 0.99 g/t AuEq and 0.72% CuEq TTD132 378.71 metres @ 1.00 g/t Au and 0.52% Cu, 1.72 g/t AuEq and 1.26% CuEq including 137.78 metres @ 1.71 g/t Au and 0.77% Cu TTD132 405.45 metres @ 0.57 g/t Au and 0.37% Cu, 1.08 g/t AuEq and 0.80% CuEq including 119.45 metres @ 1.07 g/t Au and 0.47% Cu TTD129 230.00 metres @ 0.42 g/t Au and 0.29% Cu 0.82 g/t AuEq and 0.60 % CuEq TTD130 599.00 metres @ 0.52 g/t Au and 0.30% Cu, 0.94 g/t AuEq and 0.69% CuEq TTD128 15.70 metres @ 6.21 g/t Au TTD128 635.00 metres @ 0.40 g/t Au and 0.31% Cu, 0.83 g/t AuEq and 0.61% CuEq

7

NE cross-section 5570 NE cross-section 5320

Saddle North drilling across high-grade core

250.00 metres @ 0.35 g/t Au and 0.20% Cu 0.63 g/t AuEq and 0.46% CuEq (70.00-320.00 m) 160.00 metres @ 0.24 g/t Au and 0.24% Cu 0.58 g/t AuEq and 0.42% CuEq (334.00-494.00 m) 0.80 m @ 76.90 g/t Au 51.00 metres @ 0.37 g/t Au and 0.18% Cu 0.63 g/t AuEq and 0.46% CuEq (531.00-582.00 m) 137.63 m @ 0.52 g/t Au and 0.36% Cu 1.03 g/t AuEq and 0.75% CuEq (1,353.00-1490.63 m) 0.75 m @ 11.95 g/t Au 1.33 m @ 8.38 g/t Au 4.11 m @ 25.42 g/t Au (529.20-533.31 m) 15.70 m @ 6.21 g/t Au (1,506.00-1,521.00 m) Including 5.00 m @ 16.13 g/t Au (1,515.61-1,520.61 m) 635.00 m @ 0.40 g/t Au and 0.31% Cu 0.83 g/t AuEq and 0.61% CuEq (696.00-1,331.00 m) Including 225.39 m @ 0.74 g/t Au and 0.46% Cu 599.00 m @ 0.52 g/t Au and 0.30% Cu 0.94 g/t AuEq and 0.69% CuEq (682.00-1,281.00 m) Including 343.00 m @ 0.63 g/t Au and 0.34% Cu

8

NW cross-section 1 NE cross-section 5790

Saddle North drilling across high-grade core

1.00 m @ 4.71 g/t Au 6.29 m @ 2.65 g/t Au (270.70-276.99 m) 6.23 m @ 2.21 g/t Au (289.77-296.00 m) 793.00 m @ 0.46 g/t Au and 0.38% Cu 0.99 g/t AuEq and 0.72% CuEq (488.00-1,281.00 m) Including 355.00 m @ 0.61 g/t Au and 0.45% Cu 230.00 m @ 0.42 g/t Au and 0.29% Cu 0.82 g/t AuEq and 0.60% CuEq (1,291.00-1,521.00 m) Including 93.67 m @ 0.55 g/t Au and 0.39% Cu 378.71 m @ 1.00 g/t Au and 0.52% Cu 1.72 g/t AuEq and 1.26% CuEq (270.00-648.71 m) Including 137.78 m @ 1.71 g/t Au and 0.77% Cu 405.45 m @ 0.57 g/t Au and 0.37% Cu 1.08 g/t AuEq and 0.80% CuEq (662.55-1,068.00 m) Including 119.45 m @ 1.07 g/t Au and 0.47% Cu 6.00 m @ 0.85 g/t Au (1,573.00-1,579.00 m)

TSXV: GTT 9

• Well-mineralized envelope
• ~1,400-1600 m down-plunge
• ~700m along strike
• thickness of ~200-560 m

(1550 m from surface)

• High-grade core zone
• ~1200-1600 m down-plunge
• ~200-400 m along strike
• thickness of ~40-450 m
• Excellent continuity with grades

generally increasing with depth

• Open at depth with highly prospective

untested targets along strike to W and SE

0.30 g/t Au Shell 0.50 g/t Au Shell 0.75 g/t Au Shell 1.00 g/t Au Shell

Legend Dashed = Open

Looking at -10° to 065° 500 m

Poelzer Fault

0.75 g/t Au Shell 1.00 g/t Au Shell 0.3 g/t Au Shell

Saddle North Large Scale Cu-Au Porphyry Discovery

TSXV: GTT 10

Saddle North Anomaly ~3km

+0 +1000 +0 +1000

NW SE

IP chargeability

Saddle North – Porphyry Potential

Porphyry District Scale Comparisons

Saddle South – Epithermal Au-Ag System

TSXV: GTT 11

• Discovery of deep high-grade Cu-Au

mineralization at Imperial Metals’ Red Chris project inspired regional exploration

• High grade Au in soil anomalies followed up

by first ever Saddle South drilling in 2017

• Drilling to date has outlined:

 An extensive near-surface zone of high grade Au-Ag epithermal mineralization spanning ~1,000 m X 150 m X 700 m  High-grade zones locally show good continuity across sections both near surface and at depth  Locally extensive surface expression of mineralization

• Mineralized system remains open along

strike and at depth

Saddle Zone Plan Map

IP chargeability basemap Residual Magnetic Intensity (RMI) magnetic contours

1000 metres

Saddle North

Saddle North (West) Eastern Extension Discovery Zone Eastern Zones

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

Saddle South

TTD064 1.35 g/t Au and 0.37% Cu

• ver 18.5 m

Additional Opportunities: Quash Pass Target

TSXV: GTT 12

Quash Pass Red Chris mine Saddle Zone

• Induced Polarization surveying, soil geochemical sampling, geologic mapping and prospecting nearing

completion at Quash-Pass target (approx. 7-8 km SW of Saddle)

• Ground follow-up of prospective anomalies defined in airborne surveys (2019 Airborne MT, 2018

Airborne Mag and Gamma) continues

Tatogga Property

Systematic Exploration: Towards a Geological Model & Project Pipeline

TSXV: GTT 13

Detailed Geophysics Geochemistry Drill Testing/Oriented Core Hyperspectral/ Alteration Mapping Mapping Structural Interpretation Geological Model Assay Results

Tatogga Project Employee & Contractor Demographics

2019 Field Season (at Oct 22) including all field crews and temporary contractors: 2018 Field Season

89 36 9

27%

Tahltan Nation

134 Employees & Contractors

Other First Nations Non- First Nation Contracted Tahltan Nation:

• KICA (16)
• Northern Labour Services (17)
• Matrix (3)

TSXV: GTT 14

Community and Environment; Partnership and Respect

2018 Economic Contributions Agreements Communications Agreement $ 33,000 Emergency Support Fire Relief Fund (GT Gold) 25,000 Fire Rebuilding Effort 5,000 Hockey Tahltan Selects Hockey 3,000 Iskut Sawtooth Predators 18-22 Hockey 3,000 Iskut Trail Blazers 10-13 Hockey 2,000 Dease Lake Hockey Tourney 1,500 Health & Wellness Tene Mehodihi Trail & Medicinal Plant 7,000 Healthy Active Tahltans (HATS) 5,000 Tour de Telegraph Bike Ride 3,000 Music Iskut Sacred Headwaters Music Festival 4,000 Stikine Valley Gospel Music Festival 1,000 Events TNDC Dease Lake Christmas Party 1,000 Tahltan Youth Lunch at Roudup 1,500 Total Funds Contributed in 2018 ~$95,000

2017-2018 ACHEIVED & 2019 ONGOING:

• Continuing water quality work 2017-2019
• Archaeological surveys of drill and camp sites
• Engaging with TCG Lands Director and the

Tahltan Heritage Resources Environmental Assessment Team

• Flight management plan developed in 2017 to:
• Minimize disturbance to wildlife
• Keep helicopter traffic well away from Iskut

TSXV: GTT 15

Equity Structure & Capitalization

TSXV: GTT 16

Capitalization and Balance Sheet (C$)

Share Price2 $0.74 Basic Shares Outstanding 116.1M Options Outstanding3 11.5M Basic Market Capitalization $85.9M Cash4 ~$17.8M Total Debt

• GT Gold Ownership1
• 1. Source: IR Insight and SEDI filings at October 29, 2019.
• 2. As at close of day November 7, 2019.
• 3. As at September 30, 2019.
• 4. As at June 30, 2019.
• 5. For details, refer to press release dated May 29, 2019.

Ross Beaty Management & Directors Newmont Goldcorp Institutional Retail & Other

9.9% 12.6% 47.0% 22.5% 8.0%

GT Gold closed a C$17.6M strategic investment by Newmont Goldcorp on May 29, 2019 4

Top 5 Institutional Shareholders

Ninepoint Capital Partners Mackenzie Financial Corporation RBC Global Asset Management Ruffer LLP Sentry Investments

Total Institutional ~22.5%

Analyst Coverage

Analyst Coverage at Nov 3, 2019 Firm Analyst GTT Target

Cormark Securities Tyron Breytenbach $2.50 M Partners Bereket Berhe $1.80 PI Financial Chris Thomson $2.25 Agentis Capital Michael Gray N/A Red Cloud Klondike Strike Derek Macpherson N/A Average 12-month Target Price $2.18

TSXV: GTT 17

Milestones Ahead: Towards a Geological Model & Project Pipeline

TSXV: GTT 18

Advancing Saddle North gold-rich copper porphyry discovery

First drill hole - 2017 Discovery made - 2018 Delineation drilling - 2019 Metallurgical studies ............................ ........ Geological model - 2020 Inferred resource Studies and economic analysis Definition drilling Exploration of new targets

PAUL HARBIDGE, PRESIDENT AND CEO

36 King Street East, Suite 400 Toronto, ON M5C 1E5 647-256-6754 www.gtgoldcorp.ca