SA DDLE N O RTH G E OLOGI CAL M O D EL Tatogga Project, Golden - - PowerPoint PPT Presentation

Tatogga Project, Golden Triangle, BC Webcast presentation - April 29, 2020 R EVIEW OF THE SA DDLE N O RTH G E OLOGI CAL M O D EL

GTT : TSX-V

Shawn Campbell

CFO

Mana Manage gement ment Participants

Webcast Technical Review of the Saddle North Geological Model

TSXV: GTT 2

Michael Skead

VP Project Development

Paul Harbidge

President, CEO and Director

➢ ➢

Limited in-person meetings and postponed business travel

➢ ➢ ➢ ➢

Creating a plan to operate while instituting health and safety guidance Supporting the health and safety

• f employees and contractors

Mandated work from home where possible Drill core personnel reduced to minimum necessary at 2 m social distancing Monitor the situation closely and maintain communication with Tahltan Central Government Act according to guidelines of BC Office of Provincial Health Abide by all safety protocols established within Tahltan Traditional Territory

IMMEDI DIATE TE EXPL PLOR ORATIO TION SEASON SON AHEAD AD

HEALTH AND SAFETY

COVID-19 Response Plan

TSXV: GTT 3

Caut ution ionar ary y Stat tatement ment Regarding Forward Looking Information

TSXV: GTT 4

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.

Short History of Greenfield Value Creation

TSXV: GTT 5

Q4 2016 2017 2018 2019 Q1 2020 Saddle North PEA YE 2020

Saddle North Infill and Expansion Drilling Saddle South Discovery GTT:TSX-V

• pens on

market Saddle North Discovery Saddle North Geological Model

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

4/29/2020 TSXV: GTT 6

Saddle North Geolog

• logic

ical al Mo Mode del

SADDLE NORTH GEOLOGICAL MODEL

Preparation: Core Relog and Process Overview

41 Saddle North drill holes (31,397 metres) relogged

for lithology, alteration & structures

• ver winter 2019/2020
• Multi-element geochemistry used

to define cryptic lithologic breaks

• Geophysical modelling of magnetic

and Induced Polarization data used to delineate various units of lithological, alteration types, and structures

TSXV: GTT 8

Geologists at work in logging facility

• A series of hand drawn cross

sections and level plans were completed for lithology, structure, alteration and mineralization

• Scanned and georeferenced

sections were manipulated using Leapfrog software to create a well- constrained 3D geological model

SADDLE NORTH GEOLOGICAL MODEL

Preparation: Process Overview

TSXV: GTT 9

Two major structures bound mineralization at Saddle North

SADDLE NORTH GEOLOGICAL MODEL

Structure: Physical Bounds

TSXV: GTT 10

• 2. Southern Fault
• 1. Poelzer Fault
• Well-defined and

very predictable

• Strongly foliated

zone forming the footwall to the known mineralized zone

• Relatively planar
• Marks the southern

contact of porphyritic intrusive rocks with host volcanic rocks

• Characterized by

more brittle fracturing

SADDLE NORTH GEOLOGICAL MODEL

Lithology: Porphyry

• Gold-rich copper porphyry centered on

a series of monzodiorite and monzonite intrusions

• Intrusive complex interpreted to represent a

series of igneous bodies intruded over a relatively short period of time in late Triassic

• Minor post-mineralization felsic and mafic dykes

also observed

• Host country rocks belong to the Triassic Stuhini

Group

• The intrusive complex and its host rocks (Stuhini

Group) are overlain unconformably by the Lower Jurassic Hazelton Group .

TSXV: GTT 11

Intermineral Phase 1 (“I1”) Intermineral Phase 2 (“I2”)

SADDLE NORTH GEOLOGICAL MODEL

Lithology: Mineral Phases

• Cross section through lithologic model, showing porphyry

phases, Stuhini Group host volcanic rocks, and overlying Hazelton Group clastic and subordinate volcanic rocks.

TSXV: GTT 12

• Eight lithology phases defined: two distinct inter-

mineral phases (I1-I2) and six less distinct and generally better-mineralized older phases (P0-P5)

Au Cu

P1 P2 P3 P4

• Porphyry phases have significant controls on Au, less so on Cu

SADDLE NORTH GEOLOGICAL MODEL

Mineralization: Lithology and Grade

TSXV: GTT 13

Potassic: low Potassic: moderate Potassic: high

SADDLE NORTH GEOLOGICAL MODEL

Alteration: Potassic

• Potassic alteration - the dominant style of alteration associated with intense quartz-sulphide A-style quartz

vein stockworks that carry higher-grade Au and Cu at Saddle North

TSXV: GTT 14

Saddle North core showing potassic alteration

Poelzer Hangingwall Poelzer Footwall Poelzer Hangingwall

SADDLE NORTH GEOLOGICAL MODEL

Alteration: Quartz-Sericite-Pyrite (QSP)

• QSP alteration (phyllic alteration) – a moderate to intense hydrothermal alteration found both above & on

the shoulders to the potassic core of the system with strong showing in the Poelzer footwall

TSXV: GTT 15

Au Cu

Weak Moderate Strong

• Potassic alteration (potassium feldspar, biotite and magnetite) strongly controls grade

SADDLE NORTH GEOLOGICAL MODEL

Mineralization: Alteration and Grade

TSXV: GTT 16

0.25 % CuEq 0.75 % CuEq 1.5 % CuEq

Lithology

0.25 % CuEq 0.75 % CuEq 1.5 % CuEq

Alteration 3D View

SADDLE NORTH GEOLOGICAL MODEL

Mineralization: Copper Equivalent Grade Shells

• Sections and 3D

view looking west- northwest to northwest: showing correlation between copper equivalent grade and alteration (left) and lithology (section at middle, 3D at top)

TSXV: GTT 17

• Clear association of Cu and Au grades with potassic alteration (potassium

feldspar, magnetite and biotite) and lithology phases

SADDLE NORTH GEOLOGICAL MODEL

Next Steps: From Geological Model to Initial Resource end of Q2

TSXV: GTT 18

Mineral resource = “reasonable prospects of eventual economic extraction”

DESCRIBE

DETERMINING METHODS

• Define methods used

to determine resources (Ordinary kriging, inverse distance squared, polygonal, etc)

SUMMARIZE

ASSUMPTIONS

• Cut-off grade and basis

for determination

• Commodity prices
• Mining and processing

method

• Metallurgical recovery
• Costs related to mining,

processing, and G&A

SUMMARIZE

PARAMETERS

✓ Appropriate geological model for the deposit type

• Bulk density
• Search distances and

minimum samples per block

• Interpolation distances

and directions

DISCUSS

MATERIAL FACTORS

• Any material factors

that could affect the mineral resource estimates (Environmental, permitting, legal, title, socio-economic, political, other factors)

Mineral Resource Estimate and National Instrument 43-101 Technical Report The cut-off grade will reflect the assumed mining method

20 2020 20 Ex Expl plora

• ration

tion Pla lan

TSXV: GTT 20

• Porphyry district comparisons show Tatogga upside
• Initial 10,000 m summer diamond drill program

is planned on two high priority target areas: Saddle and Quash Pass

Red d Chris mine Saddle ddle

Tato atogga gga Pro Proper perty

Quash h Pass ss

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

Ridgeway Big Cadia Cadia Quarry Cadia Hill Little Cadia Cadia East

N

2020 EXPLORATION PLAN

Tatogga: Potential for a Pipeline

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

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

2020 Proposed Past Drilling

TATOGGA PROPERTY

Saddle North

500 metres 250

Saddle North

View to South-East

Sections:

IP Chargeability, RTF Magnetics

Projection: UTM NAD 83 Zone 9

• New and Old Targets

from Surface

• TTD064: 7.40 m @

2.28 g/t Au, 0.56 % Cu

Magnetics Inversion (RTF)

> 500 nT 0 nT

.

< -500 nT

IP Inversion

> 50 mV/v

.

0 mV/V >1

. .

0.75 g/t

. .

0.5 g/t

. .

0.25 g/t

. .

AuEq (g/t)

SADDLE NORTH

• Porphyry: More to be Found
• Susceptibility constrained

magnetic inversion

• Sulfide constrained chargeability

inversion

Hole TTD064

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)

2019 FIELD SEASON

Respect for Community, Land and Wildlife

• Continuing water quality sampling 2017-2020
• Archaeological surveys of drill and camp sites
• Engaging with TCG Lands Director and the

Tahltan Heritage Resources Environmental Assessment Team

• Flight management plan developed to minimize

disturbance to community and wildlife

SOCIAL RESPONSIBILITY

Working in Tahltan Traditional Territory

TSXV: GTT 24

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

27% $3M ~$70k

TSXV: GTT 25

9.9% Newmont (14.9%) participated in 2 strategic

investments in GT Gold in 2019 5:

• C$17.6M closed on May 29
• C$8.3M closed on December 12

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 April 20, 2020.

• 2. As at close of day April 24, 2020.
• 3. As at April 20, 2020.
• 4. As at December 31, 2019.
• 5. Refer to press releases dated May 29, 2019 and December 12, 2019.

.

Capitalization and Balance Sheet (C$)

Share Price2 $1.34 Basic Shares Outstanding3 125.9M Options Outstanding3 10.4M Basic Market Capitalization $168.7M Cash4 ~$15.3M Total Debt $0

Analyst Coverage

• Agentis Capital - Michael Gray
• Cormark Securities – to be confirmed (analyst left firm Apr 2020)
• M Partners - Bereket Berhe
• Paradigm Capital – David Davidson
• PI Financial - Chris Thompson
• Stifel GMP – Tyron Breytenbach (initiated coverage Apr 17, 2020)

INVESTOR INFORMATION

Equity Structure & Analyst Coverage

TSXV: GTT 26

Advancing Saddle North gold-rich copper porphyry discovery

First drill holes (600 m drilled)

• 2017

Discovery made (8,200 m drilled)

• 2018

Delineation drilling (23,900 m drilled)

• 2019

.......................................................... ....... ✓ Metallurgical results

• 2020

✓ Geological model Ongoing engagement with Tahltan Nation Inferred resource Exploration of new targets Preliminary Economic Assessment

MILESTONES AHEAD

2020 Working Towards a PEA and Project Pipeline

Q & A Q & A

PAUL HARBIDGE, PRESIDENT, CEO AND DIRECTOR

Sunlife Plaza 1100 Melville Street, Suite 610 Vancouver, BC V6E 4A6 236-427-4711 www.gt .gtgo goldcorp rp.ca

Thank you / Meduh