[PPT] - Norra Metals Corp. Norway Golden Triangle, B.C and Sweden Name PowerPoint Presentation

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Mineral Exploration

TSX-V: OK

Exploring in the North

January 2019

Golden Triangle, B.C Norway and Sweden

Norra Metals Corp.

Name change to Norra Metals Corp. from OK2 Minerals Ltd. is subject to TSX approval

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Key Management & Directors

Mike Devji | CHAIRMAN, CEO & DIRECTOR

An experienced financier of public companies, Mr. Devji’s most recent success was as Vice President of ORKO SILVER CORP and was responsible for raising more than $50 million to explore the LA PRECIOSA silver deposit in Durango, Mexico. Orko Silver was sold to COEUR MINING in 2013 for $384 million. Prior to that, Mr. Devji led a group of investors who financed a 40% interest in the SOUTH KEMESS GOLD-COOPER in British Columbia, Canada. That interest was subsequently sold for over $400 million.

George Cavey, P.Geo | VP EXPLORATION & DIRECTOR

Mr. Cavey has over 40 years in exploration and consulting as the president of OREQUEST CONSULTANTS. Past President of the

Geoscientists Canada. The 2004 recipient of the APEGBC C.J. Westerman Award. Also the recipient of the 2010 Canadian Professional Geoscientist Award, Canada’s highest honor for a Professional Geoscientist. Consultant to the BCSC and the TSX Venture Exchange. Former Vice President Exploration for ORKO SILVER who discovered the 264 million ounce LA PRECIOSA silver deposit. He was a member

f the Canadian Securities Administrators mining advisory committee (MTAMC) for many years.

Jim Currie, P.Eng | DIRECTOR

Mr. Currie is the former COO of PRETIUM RESOURCES INC. and has over 38 years of experience in the mining industry, and has held roles

in senior management, engineering and operations on a number of projects that have progressed through feasibility to successful

peration including the construction and development of NEW GOLD INC.'s New Afton gold mine in British Columbia. He is the 2014 co-

winner of AME BC’s prestigious EA Scholtz Award for Excellence in Mine Development for his work on New Afton.

Cyrus Driver, CA | CHIEF FINANCIAL OFFICER & DIRECTOR Douglas Cavey | VP Business Development, CSR Tag Gill, B.A.Sc., CGA | DIRECTOR Blair Schultz, B.Math, Acc. Dir. | ADVISORY BOARD

Mr. Schultz has extensive knowledge in the capital markets having served as VP of K2 Investment Mgmt 13 years. In 2012, Blair became

Chairman of KLONDEX MINES and later an Executive Director, while they transformed an insolvent exploration project into one of TSX’s most successful companies, evolving from a $40 million market cap explorer to a successful gold producer that now has been purchased by Hecla Mining. He is a member of the Board for Eastmain Resources and Chair of the Audit Committee. Between 2015 and 2016, Blair was a Director and Chair of the Committee of VMS VENTURES during which time he negotiated a successful sale to Royal Nickel.

Mineral Exploration

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Exploring in the North January 2019

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Corporate Overview

TSX-V: OK | Frankfurt: 1KO

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SHARE STRUCTURE*

Issued & Outstanding

32,658,667

Options

(exercise prices $0.50 – $1.15)

1,961,667

Warrants ( to Dec 2019)

(exercise price - $1.00)

7,525,952

Fully Diluted

42,146,296

TRADING INFORMATION

(prior to share consolidation)

52 Week Low/High

$0.02 - $0.09 CDN

Current Trading Range

$0.02 - $0.03 CDN

Management & Associates

~20-25%

SHARE OWNERSHIP

(after proposed financing)

Mineral Exploration

EMX Royalty

~10% * - based on a 3/1 share consolidation)

Notes- Name change from OK2 Minerals Ltd. Subject to TSX approval

Trading symbol, email address and website to change after

share consolidation

Please see Cautionary Language contained in the Forward

Looking Statements (page 42)

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Management Highlights

Proven Wealth Creators - Exit Opportunities for Investors

Management has a proven track record of providing exit

pportunities for investors

ORKO SILVER | taken over by Coeur Mining La Preciosa Silver Deposit KLONDEX MINES | taken over by Hecla Mining Corp Fire Creek, Midas and Hollister Mines VMS VENTURE | taken over by Royal Nickel Corp Reed Mine MIRAMAR MINING | taken over by Newmont Mining Hope Bay Deposit PRIMARY METALS | taken over by Sojitz Inc. Panasqueira Tungsten Mine ST PHILLIPS RESOURCES | taken over by Royal Oak Mines Kemess South Copper/Gold Deposit

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Mineral Exploration

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SLIDE 5

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Scandinavia Highlights

Two Countries, Four High Quality Properties

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Norway
Bleikvassli- Former SEDEX style

Zn-Pb-Cu-Ag producer. Drill ready

Sagvoll-site of small scale VMS style

Cu-Zn mines and historic Ni-Cu-Co

mine. Drill ready
Meraker- extensive area of Au

enriched VMS style Cu-Zn +/- Au mineralized occurrences. Past small scale mining

Sweden
Bastutrask-site of historic drill

programs, numerous VMS style Zn-Cu-Au intercepts. Drill ready

Mineral Exploration

Meraker Cu-Zn- Au Sagvoll Cu-Zn- Au Ni-Cu-Co Bleikvassli Cu-Zn-Pb- Ag Bastutrask Zn-Cu- Au

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Norra Metals - EMX Royalty Deal

Two Countries, Four Properties, One Deal

Norra to issue EMX common shares equivalent to 9.9% Equity ownership in Norra at
signing. Norra has continued obligation to EMX to issue additional shares of Norra to

EMX to maintain a 9.9% equity position until Norra has raised CDN $5.0 million; thereafter EMX will have the opportunity to participate pro-rata in any other financings in order to maintain its 9.9% equity interest.

Norra will issue a 1% NSR to EMX on our 100% owned Pyramid Au-Cu porphyry project
Annual Advance Royalty payments commencing year two. $20K per project per year,

increasing $5,000 annually. Option to forego payments of 2/4 projects for years three and four. After payment reaches CDN$60,000, payments will be adjust each year according to a pricing index agreed to by both parties.

EMX to retain 3% NSR on each project buyable down to 2% for CDN$2.5 million

payment on or before the 6th anniversary.

Norra to offer a seat on newly restructured Company Board of Directors.

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Mineral Exploration

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Sweden Highlights

One High Quality Property

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Mineral Exploration

Sweden is one of Europe’s leading producers of metals

with a long and successful history for mining

Streamlined and predictable permitting process.
Many international and Swedish companies actively

exploring and currently developing mines

Taxation incentives for project development from local

and regional governments

28% corporate tax rate, and no mineral tax
Low licenses costs and excellent security of tenure
Well developed access and infrastructure – roads, rail,

power, telecommunications

Inexpensive power (<0.07 € / kWh)
Excellent Infrastructure; Skilled Workforce
Very low political risk with few impediments to the

exploration and development process. Sweden consistently ranks in top 5: Fraser Institute Survey

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Bastutrask Property

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? Bastutrask

Mineral Exploration In the well-defined VMS Belt within 60 kms of:

Operating smelter
6 operating mines

Mandalay Resources-Bjorkdal: Au Boliden AB

Kankberg: Au, Te
Renström: Zn, Cu, Au, Ag
Kristineberg: Zn, Cu, Pb, Au, Ag
Maurliden: Zn, Cu, Pb, Au, Ag
Maurliden Östra: Zn, Cu, Pb, Au, Ag
Several developing projects

Barsele (Agnico Eagle)

17.7 Mt @ 2.75g/t Au+*

Fäboliden (Dragon Mining)

10.6 Mt @ 3.03g/t Au+

Past producers

Svartliden (Dragon Mining)

3.5 Mt @ 4.05g/t Au+

* Based on Agnico Eagle 2016 year-end resource definition stated ownership of 55% of inferred resource +Please review Cautionary Language contained in the Forward-Looking Statements slide at the end of this PowerPoint

Norra Project

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Bastutrask Property

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? Bastutrask

Mineral Exploration

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Bastutrask Property

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Mineral Exploration

Volcanogenic massive sulphide (VMS) mineralization intercepted from drilling conducted in late 1960’s, mid to late 1980’s, and in the 2000’s (by Boliden). Public data are only available from a few historic drill holes (shown in red on the maps) and they show significant intercepts

f Au-bearing VMS base metal
mineralization. Several notable Zn

intercepts (see table- true widths

unknown).

Hole From (m) To (m) Length (m) Zn % Cu % Pb % Au ppm Ag ppm STK61 309.12 328.15 19.03 6.31 0.02 0.18 0.04 4.9 STK61 Incl. 311.25 317.35 6.1 14.6 0.03 0.53 0.05 13.16 STK61 341.85 347.65 5.8 4.47 0.1 0.12 0.05 0.84 STK62 214.5 233 18.5 7.03 0.49 0.02 0.35 0.15 STK66 402.8 407.55 4.75 6.36 0.17 0.90 0.09 STK71 318.05 321.1 3.05 2.00 1.8 0.41 0.16 STK71 329.25 338.85 9.6 2.35 0.22 0.40 0.01 STK72 392.55 404.95 12.4 2.85 0.08 0.52 0.07

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Bastutrask Property

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Mineral Exploration

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Norway Highlights

Three High Quality Properties

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Supportive Mining Policy
Very Low Power Costs
High Labour Productivity
Metal Endowment
Culture of Mining
Developing Region
Great Exploration Upside
National Mineral Strategy

Objectives

Mineral Exploration

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Bleikvassli Property

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Mineral Exploration

Location

Excellent access via paved roads, near town of Bleikvassli, ~6000ha in size;
Excellent infrastructure, 50 km south of industrial/ mining town of Mo-I-Rana (deep water port/ airport)

Available Data

Dozens of reports on mine and

nearby prospects, including: NGU Airborne geophysical surveys (1997), NGU soil geochem surveys (1997), NGU Gravity survey (1998). Multiple published research papers and studies

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Bleikvassli Property

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Mineral Exploration

History

Mineralization discovered in 1914, exploration including drilling in 1941, development and test mining in 1947
Flotation facility completed in 1957 with initial reserves of 2.6Mt @2.4% Pb, 4.2% Zn, 0.22% Cu*
Open Pit Production and immediate inclined shaft, backfilling of tailings in the stopes
In late 80s economics looked bad and only higher Zn would have helped the economics. At the time Pb was

priced two times the Zn price

In the early 90s the concentrator had twice the capacity as needed, room and pillar mining method was

incorporated

* Geological Survey of Norway (NGU) Ore Database, Deposit Area 1832-012, Feb 9, 2017. Note that Norra, (OK2 Minerals), is not aware of the key assumptions, parameters or methods,

including data verification techniques used by the NGU to prepare these historic estimates and has not performed sufficient work to verify these published resource numbers and therefore is not treating the historical estimates as current mineral resources.

In 1991, production was increased from

250kt to 300kt a year

Exploration in the early 90s was

concentrated on the other zones to the north

Mine flooded on Sept 26th 1997 with a

reported three years of reserves still in the ground.

Historic resources remaining at time of

mine closure: 720Kt@ 5.17% Zn, 2.72% Pb, 0.27% Cu, 45g/t Ag, 0.2g/t Au*

Trying to reactivate in 1998 but abandoned

due to poor economics at that time

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Bleikvassli Property

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Mineral Exploration

Bleikvassli interpreted to be Sedex type deposit:

potential for basin-scale, massive sulfide system as evidenced by the numerous Sedex occurrences elsewhere on the licence

Three key types of mineralization at Bleikvassli:
Massive pyritic Zn-Pb-Cu mineralization
Massive pyrrhotite, Cu rich (avg>1%) Zn-Pb
Vein/disseminated wallrock mineralization

(remobilized from massive sulfide zones)- reported to contain native Au/Ag mineralization

Precious metal contents never systematically

assessed across Bleikvassli deposit

Deposit Type

In the Northern Norwegian Caledonides: District discovered 1914 and remained a producing district through

late 1990’s. Similar geology and mineralization to the Lundin Mining, Zinkgruvan deposit in Sweden.

Lundin Mining-Zinkgruvan deposit: Proven & Probable Reserves+ (June 30, 2017): Zinc-rich mineralization: -11.9 mt@ 7.2% Zn, 2.9% Pb, 63 g/t Ag + Copper-rich mineralization: -5.3 mt@ 1.8% Cu, 0.2% Zn, 26 g/t Ag +

* Lundin Mining Reserves and Resources June 30, 2017 : The Zinkgruvan Mine provides context for the Norra Bleikvassli project but is not necessarily indicative that the Bleikvassli project

hosts similar mineralization and should not be expected that similar resources can and will be defined at Bleikvassli in the future.

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Bleikvassli Property

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Mineral Exploration

Geology and Mineralization

In the Northern Norwegian

Caledonides: District discovered 1914 and remained a producing district through late 1990’s. Within the Rødingsfjellet Nappe Complex of amphibolite grade, supracrustal rocks (schists, carbonates, quartzites, amphibolites). Clear zoning patterns and hanging wall/footwall relationships identifiable K-silicate alteration zones and redox horizons analogous to Zinkgruvan deposit in Sweden.

Two main mineralized lenses 400 & 1500m strike length from 2-20 meters thick
Operating mine flooded in Sept 1997- Norway’s last major metal producing mine.
From 1957-97, produced: ~ 5Mt @4.0% Zn, 2% Pb, 0.15% Cu, and 25g/t Ag *

* Geological Survey of Norway Ore Database, Deposit Area 1832-012, Feb 9, 2017. Note that Norra (OK2 Minerals) has not

performed sufficient work to verify the published historic production records reported on this slide but considers them relevant and reliable

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Bleikvassli Property

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Mineral Exploration

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Meraker and Sagvoll Properties

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Mineral Exploration Location

Central Norway within the historic Røros mining district, the
ldest and most prolific VMS mining district in Norway

Historic Mining District

Mining History reaching back into medieval times. (1645-1986)
Combined production of 30Mt of Cu-rich VMS ore in Røros camp.
Several historic copper smelters in the 1600-1800s
Zn rich ores present, but were not the focus of historic mining

activities; many bodies of Zn-Cu mineralization remain; these are the key targets for OK2

Exploration

Several areas have not been explored for decades
New understanding of VMS deposits since the 70s

Zn-rich styles of mineralization remain unmined, and much sphalerite-rich “waste” rock can be seen in historic dumps.

Only shallow drilling in past – many areas of mineralization

remain open at depth and along strike

Available Utilities / Resources

Rail access in area and deep water port (Trondheim)
Highways provide access to OK2 projects
Low cost power available to project areas
Large national drill core archive in area
Access to partners inhouse geophysical and geochemical

instruments

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Cu-Zn VMS deposits

Lokken 30 Mt Grimsdalen 8 Mt Tverrfjellet 19 Mt Hersjo 5.5 Mt Asvallen (SWE) 36 Mt

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Meraker Property

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Mineral Exploration Logistics

Extensive areas of Au-enriched VMS style deposits
Commanding land position of 18,600 ha
No underlying interests
Rail access and year-round access on paved roads
Power lines cross through license

Geology

VMS style mineralization focused along trend of Meraker Nappe, but is

also developed in other stratigraphic positions. Analogs with “Kuroko”- style VMS systems (Cu-Zn-Au).

Gold enrichment was not appreciated until mid-1990’s.
Mineralization developed in felsic volcanic successions, with

subordinate mafic units; appears to be associated with rhyolite domes and volcanic centers.

Thrusting of several seafloor horizons over each other. Forming a

sequence of stacked nappes.

Subsequent folding and deformation has focused sulfide mineralization

into fold hinges where grades and tonnages are greater.

Greenschist metamorphism has coarsened up sulfide mineral

assemblages, improving metallurgy.

Mining History

Mining of VMS style Cu-rich mineralization from 1760-1895 at Lillefjell
Mining of VMS style Cu-rich mineralization from 1901-1918 at Mannifjell

Mannifjell Cu-Zn- Au Lillefjell Cu-Zn-Au + Please review Cautionary Language contained in the Forward

Looking Statements slide at the end of this PowerPoint

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Meraker Property

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Mineral Exploration Targets

VMS-style mineralogy and metal assemblage
Shallow historic mining and drilling, mineralization remains untested at depth
Bedrock sampling by NGU (shown in tables) confirms presence of unmined surface areas
Mapped exposures of mineralization extend for multiple kilometers along strike
Little historic emphasis on exploitation of Zn and Au rich zones of mineralization

Lillefjell Cu-Zn-Au

NGU Sample # Sample Type Cu ppm Zn pm Pb ppm Co ppm Ni ppm Ag ppm Au ppb ME96.01 Bedrock

47 143 84 38 8 1.1 93

TG93.036 Bedrock

9826 99999 3695 13 3 89.5 1868

TG93.040 Bedrock

17437 96579 25 15 7 27.2 203

TG93.041 Bedrock

3441 99999 593 6 2 37.6 1901

TG93.042 Bedrock

10489 99999 3057 16 2 59.1 954

TG93.043 Bedrock

15319 94564 3237 11 1 117 2135

TR-7-28 Bedrock

19 141 9 6 5 0.1 1

TR-7-29 Bedrock

11719 89532 3943 11 5 98 1591

TR-7-30 Bedrock

497 37521 2253 15 33 18.5 503

TR-7-31 Bedrock

317 64610 309 6 9 40.3 1321

Mannifjell Cu-Zn-Au

NGU Sample # Sample Type Cu ppm Zn pm Pb ppm Co ppm Ni ppm Ag ppm Au ppb TG93.008 Bedrock

3164 10930 88 7 5 157.2 3745

TG93.058 Dump

6610 99999 1227 26 5 18.5 380

TG93.059 Dump

6479 19218 842 16 3 11.7 292

TG93.060 Dump

15182 99999 116 14 3 14.6 215

TG93.061 Dump

17408 24009 65 13 4 20.3 323

TG93.063 Dump

33425 16024 300 2 4 66.3 1083

TG93.064 Dump

16468 97892 76 38 3 35.4 714

TR-1-3 Dump

3619 82819 425 20 17 26.8 2657

TR-1-4 Dump

10156 83273 1674 12 8 25.8 482

TR-1-5 Dump

15689 1742 47 11 10 10.6 133

NGU Sample # Sample Type Cu ppm Zn pm Pb ppm Co ppm Ni ppm Ag ppm Au ppb HK90-038 Bedrock

37244 8412 573 56 14 12.8 20

HK90-040 Bedrock

13499 42100 887 111 8 9.8 217

HK90-041 Bedrock

80081 33572 1520 355 8 29 193

HK90-042 Bedrock

12936 44459 732 153 14 5.8 101

HK90-043 Bedrock

52445 46429 1072 165 8 20.2 233

HK90-044 Bedrock

99043 12341 505 75 12 34.4 2542

HK90-046S Bedrock

36137 23698 733 158 12 13.6 120

HK90-048 Bedrock

44169 19478 487 71 19 15 134

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Meraker Property

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Mineral Exploration

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Sagvoll Property

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Mineral Exploration Geology

Massive sulfide deposits hosted in felsic volcanic tuffs in greenstone belt
Mineralization occurs along structural zones
The historic Skjardalen nickel mine is associated with gabbroic and ultramafic units in

the SE area of the license

Mining History

Mining of VMS style Cu-rich mineralization from 1865-1884 at Malsa and Gaulstad
Mining of Ni-Cu-Co mineralization from 1876-1891 at Skjardalen

Targets

Both Cu-Zn (Au) VMS and Ni-Cu-Co targets
Multiple untested EM anomalies along trends of know mineralization
Shallow historic mining and drilling, mineralization remains untested at depth
Bedrock sampling by NGU (in tables) confirms presence of unmined surface areas
Mapped exposures of mineralization extend for multiple kilometers along strike
Little historic emphasis on exploitation of Zn and Au rich zones of mineralization

NGU Sample No. Sample Type Cu ppm Zn pm Pb ppm Co ppm Ni ppm Ag ppm Au ppb MK96.05 Dump 11699 1850 38 343 64 4.2 13 MK96.51 Dump 53030 985 11 328 35 5.6 26 MK96.52 Dump 19335 372 13 383 35 1.8 34 MK96.53 Dump 47079 710 3 227 41 5.3 20 MK96.54 Dump 46352 906 7 223 64 4.9 21 MK96.55 Dump 37608 1579 17 187 42 7.5 46 MK96.56 Dump 12217 698 25 109 26 3 37 NGU Sample # Sample Type Cu ppm Zn pm Pb ppm Co ppm Ni ppm Ag ppm Au ppb 175 Bedrock 31613 1153 3 427 6 12.5 56 177 Bedrock 11381 5818 261 75 14 7.9 226 178 Bedrock 30605 91361 13213 32 12 122.2 413 179 Bedrock 4437 43487 5060 2 3 38.4 135 180 Bedrock 18126 61661 1179 1 6 42.7 190 182S Dump 14925 23015 1633 90 4 24.8 275 95.07 Dump 15606 21571 454 253 nd 10.9 138 95.08 Dump 5305 100000 18304 9 nd 147.3 146 95.09 Dump 14841 100000 19367 nd nd 67.5 160 95.10 Dump 15351 100000 17482 nd nd 106.8 127 95.11 Dump 22798 89303 1159 nd nd 37.1 142 95.12 Dump 8538 59827 1143 12 nd 22.7 41 95.16 Dump 6168 60116 562 128 9 6.5 25 95.22 Dump 30794 755 31 1012 8 12.7 86

Akervoll Cu-Zn-(Au) Gaulstad Cu-Zn-(Au) Malsa Cu-Zn-(Au) Skjardalen Ni-Cu-(Co)

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Sagvoll Property

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Mineral Exploration

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WORLD and SCANDINAVIAN VMS DEPOSITS*

(Bastutrask, Sagvoll and Meraker project target geological models highlighted)

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* Norra has not performed sufficient work to verify any of the published historic resource/reserve estimates or production records shown and is not treating these estimates as NI43-101 compliant resources or

reserves. Although relevant, they should not be relied upon until they can be confirmed. Norra states that our qualified person has been unable to verify the historic resource/reserve numbers on other projects,

deposits or mines in the area of the Norra projects and that the information is not necessarily indicative of the mineralization on the Norra properties.

VMS Deposits, Location Number of deposits Dominate Minerals Tonnage (mt) Copper Grade % Zinc Grade % Lead Grade % Gold Grade g/t Silver Grade g/t Abitibi Belt, Ontario 52 Cu-Zn 9.3 1.47 3.43 0.07 0.80 31.9 Bathurst Camp, New Brunswick 29 Zn-Cu-Ag 8.7 0.56 5.43 2.17 0.50 62.0 Green Tuff Belt, Japan 25 Zn-Cu-Ag 5.8 1.83 3.86 0.92 0.90 95.1 Skelleftea, Sweden (Bastutrask) 40 Cu-Zn-Ag-Au 4.5 1.15 4.29 0.59 1.40 51.0 Norwegian Caledonides (Sagvoll & Meraker) 47 Zn-Cu-Ag 3.2 1.55 1.99 0.38 1.03 16.3 Scandinavian VMS Mines ++ indicates active mine Country Owner Tonnage (mt) Copper Grade % Zinc Grade % Lead Grade % Gold Grade g/t Silver Grade g/t Boliden++ Sweden Boliden AB 8.3 1.40 0.90 0.30 15.50 50.0 Renstrom++ Sweden Boliden AB 12.6 0.80 7.30 1.50 2.80 155.0 Kristineberg++ Sweden Boliden AB 31.4 1.10 3.20 0.40 1.20 37.8 Zinkgruvan (Zinc rich mineralization) ++ Sweden Lundin Mining 11.9

7.20

2.90

63.0

Zinkgruvan (Copper rich mineralization) ++ Sweden Lundin Mining 5.3 1.80 0.20

26.0

Lokken Norway Orkla Group 25.0 2.10 1.90 0.10 0.30 19.0 Joma Norway Drake (ASX) 17.0 1.27 1.70

WORLD and NORWEGIAN SEDEX DEPOSITS*

SEDEX Deposits Location Dominate Minerals Tonnage (mt) Copper Grade % Zinc Grade % Lead Grade % Gold Grade g/t Silver Grade g/t Sullivan Mine BC Pb-Zn-Ag 160.0

5.90

6.60

68.0

Mt Isa Australia Pb-Zn-Cu-Ag 88.6 0.06 6.10 7.10

160.0

Broken Hill Australia Pb-Zn-Cu-Ag 180.0 0.20 9.80 11.30

175.0

Rammelsberg Germany Zn-Pb-Cu-Ag 30.0 1.00 19.00 9.00

103.0

Tynagh Ireland Zn-Pb-Cu-Ag 12.3 0.40 4.50 4.90

58.0

Black Angel Greenland Pb-Zn 11.2

12.9

4.2

Bleikvassli (Historic production)

Norway Zn-Pb-Cu-Ag 5.0 0.15 4.00 2.00

25.0

Bleikvassli (Historical resources)* Norway Zn-Pb-Cu-Ag 0.7 0.27 5.17 2.72

45.0

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2019 BUDGETS - Norway, Sweden and BC

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PROJECT BUDGETS (Excluding G & A)

Item Scandinavia 2018-19 Kinskuch 2019 Geological Consultants $180,000 $207,000 Environmental Studies $50,000 Diamond Drilling $670,000 $534,000 Geophysics $90,000 $100,000 Analysis $10,000 $80,000 Field Support $50,000 $235,000 Reports (incl 43- 101) $50,000 $36,000 Contingency @10% $100,000 $108,000

TOTAL $1,200,000 $1,300,000

Commences Winter 2018-19 Commences Summer 2019

Mineral Exploration

BASTUTRASK (Sweden) - NI43-101 report, acquisition of Boliden drill data, ground magnetometer geophysics, check drilling of historic holes (3-4 diamond drill holes)

PROPOSED

BLEIKVASSLI (Norway) - NI43-101 report, baseline environmental studies, digitizing data, 3D modeling, down the hole geophysics, near-mine check drilling (4-6 diamond drill holes)

PROPOSED

SAGVOLL (Norway) - NI43-101 report, reconnaissance diamond drilling of old structures observed in the area of the

ld mine workings (2-4 drill holes)

PROPOSED

MERAKER (Norway) - NI43-101 report, reinterpretation of government airborne geophysics, ground geophysical surveys

PROPOSED

KINSKUCH LAKE (BC) - Diamond Drilling, 4-5 holes initial 2,000-2,500m

PROPOSED

PROJECTS

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BC Highlights

Two High Quality Properties

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Exploring two high quality properties, Pyramid & Kinskuch Lake, in the vicinity of the

world class copper and gold deposits in BC’s Golden Triangle

Safe jurisdiction
BC’s Golden Triangle is Canada’s most active area for exploration and development by

both junior and senior companies in 2018

Over 150 million oz of gold, 750 million oz of silver, and 50 billion lbs of copper have

been found

Mineral Exploration

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Kinskuch Lake Property

Advanced Copper-Gold Porphyry Target

f silver, and 50 billion lbs of copper have

been found in the Golden Triangle

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Mineral Exploration

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Kinskuch Lake Property

Mineral Exploration

OK

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Kinskuch Lake Property

History and Deal

Nearly 40 companies have conducted exploration work in the Kinskuch Lake claim (geological mapping,

prospecting, sampling, drilling, etc.) since the early 1900s. Some of the senior mining companies (or their subsidiaries) that have conducted recent exploration in the area:

Only 13 holes have been drilled (2,140m) in the past 14 years
NorraMetal has the right to earn a 100% interest in the project subject to a 1% mineral royalty . To earn
ur interest, the Company must make the payments totaling $1,725,000 and incur exploration

expenditures totalling $1,650,000 by 2021:

pay $100,000 in 2019 and have incurred $350,000 in exploration expenditures by late 2019;
pay $170,000 in 2020 and have incurred $850,000 in exploration expenditures by late 2020,
pay $270,000 in 2021 and have incurred $1,650,000 in exploration expenditures by late 2021,
pay $1,000,000 by late 2022.
To date OK2 has spent approximately ~$350,000 in exploration expenditures and paid $155,000

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Mineral Exploration

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Kinskuch Lake Property

Receding Ice – New exploration targets

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Extensive Glaciers

Director Cavey – 1980

Same Glaciers – 2016

Glaciers have receded since 1980 providing new mineral exposures

Mineral Exploration

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Kinskuch Lake Property

Regional Geological Setting

The only two areas in the Golden Triangle where known gold silver deposits exist on the west side of a large regional fault structure and porphyry deposits exist

n the east side of the

regional fault structure

Mineral Exploration

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Mineral Exploration

(Recently dropped)

VMS Block (status pending) Silver Basin Block (status pending)

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Kinskuch Lake Property

Advanced Copper-Gold Porphyry Target

33 2017 OK2 rock sample Historic VMS sulphide grab samples

FOREST KERR 1965 16m of 1.22% Cu 43.7m of 0.23% Cu

Historic mineral resource

Area of 2017 Mapping & Sampling

Silver Basin Block (status pending)

X

Kinskuch Lake Block

VMS Block (status pending)

Mineral Exploration

30 km2

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Kinskuch Lake Property

NOR-2017 Current and Historic Rock Sampling

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Rock exposure due to receding glaciers – 2016

2017 NOR Kinskuch Lake grab samples 42 samples over 2.25km averaging 0.57% Cu, and 0.35g/t Au 2.02 g/t Au, 9.31 g/t Ag, & 1.54% Cu 2.84 g/t Au and 6.74 g/t Ag & 1.79% Cu 2.39 g/t Au, 3.38 g/t Ag, 5.12% Cu 30.1 g/t Ag, 12.5% Cu Historic VMS grab samples 5.6 g/t Au, 99.7 g/t Ag 2.3% Pb, 10% Zn, 39 g/t Ag, 2.6% Pb, 1.4% Zn 14 g/t Au, 5.2 g/t Ag Other samples- 11.6% Zn, 8.1% Cu 41.0 g/t Ag Historic Mineral Resource (reported in 1956) Several million tons of 0.4% Cu* (Northwest Expl.) *- The company is not considering this as a reliable, current mineral resource and has not verified it.

Mineral Exploration

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Kinskuch Lake Property

Geophysical Anomalies (ZTEM airborne resistivity)

35 FOREST KERR (1965)

16m of 1.22% Cu 43.7m of 0.23% Cu

CANADIAN EMPIRE (2003)

25m of 0.86% Cu and 0.64g/t Au 50m of 0.33% Cu and 0.21 g/t Au

Target area of 2018 Drilling

42 rock samples over 2.25km averaging 0.57% Cu, and 0.35g/t Au

NORTHWEST EXPLORATION (1956)

Historic Mineral Resource Several million tons of 0.4% Cu*

*- The company is not considering this as a reliable, current mineral resource and has not verified it. ZTEM Resistivity Anomaly

VMS/Epithermal Targets Big Bulk Porphyry Cu-Au Target

Mineral Exploration

VMS Block (status pending)

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Kinskuch Lake Property

Hecla Exploration (base maps from Hecla Mining Corp website, May 2018)

Norra Claims Hecla Claims (in yellow) Norra Claims

Mineral Exploration

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Kinskuch Lake Property

Sub Horizontal Porphyry Model at Kinskuch Lake

Classic Porphyry Model

Mineral Exploration

Sub Horizontal Porphyry Model

General orientation of previous drilling of the Big Bulk porphyry Paleosurface Paleosurface Roots Roots Current Kinskuch claims position

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Kinskuch Lake Property

Copper-Gold Porphyry Drilling Targets- 2018

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FOREST KERR 1965 16m of 1.22% Cu 43.7m of 0.23% Cu CANADIAN EMPIRE (2003) 25m of 0.86% Cu and 0.64g/t Au 50m of 0.33% Cu and 0.21 g/t Au

Possible Drill sites 2018 Program

Possible

drill sites

Untested, Highly Prospective, Core Zone Corridor

ROOTS PALEO - SURFACE

Tilted porphyry model:

Porphyry emplaced upright is tilted into a subhorizontal orientation
Surface outcrop exposes a 1.5 km vertical section of porphyry
High Cu:Au ratios in deep, western outcrops; lower Cu:Au ratios in

shallow, eastern outcrops

Mineral Exploration

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Pyramid Property

High potential, underexplored region
Road accessible, in BC’s most

productive copper-gold belt

Raw prospect, property has never

been previously explored

100% owned, (1% royalty)
Geology, geophysics, and

geochemistry show evidence of porphyry Cu-Au deposits

Assessment credits good until at least

2025

2017 Exploration program completed

consisting of more RC drilling and three diamond drill holes.

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Mineral Exploration

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Pyramid Results

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East Zone RC Drill East Zone RC Drill

2013 -2016 returned values as high as 4.6 g/t and

11.5 g/t Au and 0.31% Cu in altered intrusives and 3.52 g/t Au, 7.87 g/t Ag, and 1.73% Cu.

Disseminated mineralization occurs with values

up to 0.90% Cu, 1.1 g/t Au 2016 work significantly expanded the zone, now more than 3.5 km2.

Two RC holes returned anomalous gold values of

0.28 g/t Au over 29 m (PY-17-04), including 4.57m of 1.43 g/t Au. Also 0.12 g/t Au over 91.44m (PY-17-05).

This zone represents an excellent diamond drill

target.

All seven RC drill holes completed

intersected mineralized intrusives and all intervals returned anomalous copper values with associated elevated gold values

The 2016-17 RC drilling demonstrated the gold

is associated with hydrothermal alteration and the gold copper values are indicative of a primary porphyry environment

Two diamond drill hole completed (875m)
PD-17-02 (485m) returned 481.5m of 0.19

g/t Au Eq (0.16 g/t Au) including 19.2m of 0.60 g/t Au Eq (0.57 g/t Au) from 101m and 75.0m of 0.35 g/t Au Eq (0.32 g/t Au) from 278m.

West Zone East Zone

Hole PD-17-02: 283m- Disseminated sulphides in multi- phased gold bearing quartz veining

Mineral Exploration

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Why Norra Metals?

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1 2 3 4

Six High Quality Properties

Exploring two high quality properties in the vicinity of the world class copper and gold deposits in BC’s Golden Triangle and four copper, zinc lead and silver projects in Norway and Sweden

Proven Wealth Creators

Management are proven wealth creators through new discoveries

Exit opportunities for investors

Management has a proven track record of providing exit

pportunities for investors

Norra Metals Corp and Orko Silver history

Orko sold to Coeur Mining for $384 Million

Mineral Exploration

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Forward Looking Statements

This presentation may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and forward-looking information within the meaning of the Ontario Securities Act. These forward-looking statements involve known and unknown risks that may cause actual results to be materially different from those implied herein including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources; the geology, grade and continuity of mineral deposits; the possibility that future exploration and development results will not be consistent with the Company’s expectations; accidents, equipment breakdowns, labour disputes or other unanticipated interruptions in exploration and development; the potential for unexpected expenses; commodity price or currency fluctuations; or failure to obtain adequate financing on a timely basis. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those presented in forward-looking

statements. Accordingly, you are cautioned not to place undue reliance on the forward-looking statements made in this

presentation and to make reference to the company’s prospectus and technical report for further information. Cautionary Language- Norra Metals Corp. (OK2 Minerals), has not performed sufficient work to verify the published drill data and historic resource/reserve estimates shown in this PowerPoint (slide 14). Norra is not aware of the key assumptions, parameters or methods, including data verification techniques used by the Geological Survey of Norway (Deposit Area 1832-012, Feb 9, 2017) to prepare these historic estimates and therefore is not treating the historical estimates as current mineral resources. Likewise, drill intercepts are reported as published (slide 10) and have not been confirmed. However, the drill-delineated mineralization and resource/reserve numbers (slides 8, 15 & 24) are as reported in various online and other publicly available sources is considered relevant. Norra states that our qualified person has been unable to verify the historic resource/reserve numbers on other projects, deposits or mines in the area of the Norra projects and that the information from projects outside the boundaries of the Norra projects (slides 8 & 15) is not necessarily indicative of the mineralization on the Norra properties that are discussed in this PowerPoint presentation. This presentation has been prepared by the Company, George Cavey, P.Geo., who is the Qualified Person responsible for the preparation of the scientific and technical information related to the Company’s operations that is included in this presentation.

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Mineral Exploration

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Contact

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HEAD OFFICE

Suite 480 – 505 Burrard Street PO Box 217 Vancouver BC Canada V7X 1M3 604.684.4691 mike.devji@ok2minerals.com C 604.258.8666 www.ok2minerals.com

Note- trading symbol, email address and website to change after share consolidation

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Notes

Mineral Exploration

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