TODAY. XTM TSXV | Corporate Presentation Q3 2020 INVEST IN - - PowerPoint PPT Presentation

INVEST IN TOMORROW, TODAY. XTM – TSXV

INVEST IN TOMORROW, TODAY.

XTM – TSXV | Corporate Presentation

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Q3 2020

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FORWARD- LOOKING STATEMENTS

ADVENTURE START HERE

Certain information contained in this presentation, includes information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward- looking information. All of the forward-looking information contained in this presentation is qualified by this cautionary statement. There can be no assurance that the actual results or developments anticipated by Transition Metals Corporation, Sudbury Platinum Corporation or Canadian Gold Miner Corporation as expressed or implied by the forward-looking information, will be realized or, even if substantially realized, that they will have the expected consequences to or effects on Transition Metals Corp. or its business operations. Transition Metals Corp. disclaims any intention or obligation to update or revise any forward-looking information as a result of new information or future events. Readers should not place undue reliance on forward-looking information.

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A PROJECT GENERATOR COMPANY POISED FOR GROWTH

Transition Metals Corp (XTM – TSX.V) specializes in converting new exploration ideas into Canadian

• discoveries. By acquiring and advancing multiple projects

simultaneously, the Corporation maximizes shareholder exposure to discovery and capital gain. Equity dilution is minimized by offering partners interest in specific projects.

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A HUGE OPPORTUNITY IN EXPLORATION

An undervalued stock, deep relationships with well funded partners, ongoing high demand for metals,

• ver 20 projects and new discoveries on the

horizon, an award-winning technical team with a proven track record, plus ownership in two companies set for an Public Transactions this year means now is the time for Transition Metals.

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FOCUS ON ESG

ENVIRONMENTAL: Environmental standards that minimize and avoid impact to water, land and air with strict adherence by all contractors. SOCIAL: Collaboration with communities and all stakeholders to create long-term, trusted relationships and high safety standards. GOVERNANCE: Accurate and ethical in all business practices to create transparency for partners and shareholders

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POISED FOR GROWTH

XTM Private Company Financings

(Nov, 2009 to Aug, 2011)

$2.46M @ $0.195 per share (weighted average)

XTM Public Company Financings

(August, 2011 to Present)

$8.18M @ $0.30 per share (weighted average)

Total XTM Financings: $10.6M @ $0.21

FINANCING HISTORY $0.10 to $0.40 per Share

Total Financings (XTM, SPC, CGM): $27.5M Partner Funding: $35M

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CAPITAL STRUCTURE

46.5M

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Share Capital

Issued & Outstanding 51,631,389 Options 2,880,000 Warrants 9,842,998 Fully Diluted 68,354,387

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$0.17

Share Price

40% CGM Ownership = $2.25 M + 30% SPC Ownership = $2.4M + 8% Forum Energy Metals Ownership = $1.12M + 1.7% Class 1 Nickel = $306K

$9.4M

Market Cap

=$6.1M

Value of Investments

POISED FOR GROWTH

As at April 20 2020

$0.24

52-Week Range

$0.10

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Real Value

As at November 5, 2019

cash 1,800,000 investments fmc 0.08 8,000,000 1,120,000 publicly traded cgm 0.15 15,000,100 2,250,015 Based on last financing spc 0.16 15,000,000 2,400,000 Based on RTO valuation Class 1 0.2 1,529,720 305,944 RTO Nearing Completion Sunday Lake 5,000,000 Based on BMO Research Other Projects 7,000,000 My best guess 19,875,959

XTM Valuation

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5 Year Stock Performance

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25+

PROJECTS

Pro-mining jurisdictions

GEOGRAPHIC DIVERSITY MEANS INCREASED POTENTIAL FOR DISCOVERY

25+

PROJECTS

NUNAVUT ON SK BC NFLD NB

TRANSITION METALS SPC METALS CANADIAN GOLD MINER Au Cu Au Au Au Ni Au Sn

NS

Ni Co PGM

• Easily Accessible
• Excellent

Infrastructure

• Secure Land

Tenure 11

Cu W

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Au

Ni PGM Cu Co W Sn

➢ 45% Gold hedge ➢ Gold price forecasted to continue to rise ➢ Moderate exposure to energy metals ➢ Base metals prices forecasted to rise

45%

COMMODITY ALLOCATION DIVERSITY MITIGATES RISK

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45%

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SUNDAY LAKE; Location

“We currently ascribe an insitu value of $20M for the Sunday Lake project.” XTM’s 25% Free Carry = >$5M

SUNDAY LAKE

➢ Commodity: PGM-Ni-Cu ➢ Location: Thunder Bay, Ontario ➢ Geology: MCR-related mafic- ultramafic Intrusion ➢ Ownership: 25% carried interest ➢ Status: Implats Operator

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40% CGM Ownership = $3.2 M + 30% SPC Ownership = $3 M + 9% Forum Energy Metals Ownership = $350K + 0.4% Solo Growth Corp Ownership = $186K

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DRILLING HIGHLIGHTS

SUNDAY LAKE PROJECT ➢ Broad zones

• f multigram

mineralization with a higher grade core ➢ Best results come from the “Big Red’ MT anomaly. A - west B - east

Looking North Note: Bubbles scaled to 3E (Pt+Pd+Au) g/t grade

HOLE ID INTERVAL PRECIOUS METALS BASE METALS TOTAL METAL EQUIVALENT From (m) To (m) Length (m) Pt (g/t) Pd (g/t) Au (g/t) 3E PGE (g/t) Ni (%) Cu (%) Pd Eq (g/t) Cu Eq (%) SL-13-002 395.00 415.20 20.20 2.11 0.95 0.16 3.22 0.11 0.26 2.59 2.96 SL-14-003 526.00 541.00 15.00 1.80 0.92 0.12 2.84 0.09 0.22 2.30 2.62 SL-15-010 723.00 738.00 15.00 1.25 0.75 0.08 2.08 0.08 0.2 1.82 2.07 SL-15-013 849.70 892.60 42.90 1.92 1.40 0.11 3.43 0.17 0.44 3.34 3.80 including 871.40 881.50 10.10 3.18 2.28 0.16 5.62 0.28 0.71 5.43 6.19 SL-17-18B 667.70 703.15 35.45 1.65 1.09 0.09 2.83 0.16 0.41 2.83 3.22 including 684.50 703.15 18.65 2.43 1.49 0.13 4.05 0.17 0.48 3.74 4.26 SL-18-021 863.50 899.35 35.85 2.40 1.32 0.18 3.90 0.17 0.43 3.50 3.99 including 875.05 898.35 23.30 3.34 1.83 0.26 5.43 0.21 0.6 4.85 5.53 with 890.85 897.35 6.50 5.17 2.62 0.55 8.34 0.36 1.08 7.78 8.86 SL-18-022 1039.00 1072.20 33.20 1.68 1.03 0.13 2.84 0.12 0.34 2.64 3.01 including 1056.00 1066.90 10.90 3.08 1.65 0.25 4.98 0.14 0.51 4.31 4.91 SL-19-026 1392.00 1433.20 41.20 3.22 2.08 0.21 5.51 0.19 0.57 4.93 5.62 including 1417.40 1433.20 15.80 5.42 3.35 0.34 9.11 0.24 0.88 7.90 9.00 with 1418.85 1427.15 8.30 7.67 4.97 0.42 13.06 0.32 1.23 11.31 12.88 SL-19-029 1405.00 1466.00 61.00 1.20 0.80 0.15 2.15 0.15 0.22 2.01 2.29 including 1455.46 1463.63 8.17 3.20 2.00 0.33 5.53 0.2 0.51 4.84 5.51 SL-20-031 910.00 931.00 21.00 0.60 0.37 0.05 1.02 0.08 0.15 1.04 1.18 Including 911.00 912.00 1.00 1.67 1.28 0.10 3.05 0.17 0.40 3.03 3.45 SL-20-032-W1 1263.00 1286.00 23.00 1.29 1.03 0.09 2.41 0.13 0.33 2.43 2.77 including 1270.80 1280.00 9.20 2.27 1.85 0.17 4.29 0.18 0.57 4.26 4.86 SL-20-033 1435.00 1461.00 26.00 1.38 1.05 0.12 2.55 0.13 0.25 2.35 2.68 including 1442.00 1450.00 8.00 2.15 1.57 0.17 3.89 0.15 0.4 3.56 4.06 Eq values are calculated using $5.36 Ni, $2.31 Cu, $756.00 Pt, $1,833.00 Pd, $1,696.00 Au US.

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MT Conductance Map

SUNDAY LAKE PROJECT ➢ MT survey used as main exploration tool. ➢ Following linear trends

• f conductive

response. ➢ Correlates to potential structures, thickening of ultramafic and sulphides traps.

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SATURDAY NIGHT

➢ Commodity: PGM ➢ Location: Thunder Bay, Ontario ➢ Geology: MCR-related mafic- ultramafic Intrusion ➢ Ownership: 100% ➢ Status: Seeking Partner ➢ Stage: Geophysics and 1 drill holed completed

Identical to and along trend from Sunday Lake

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Saturday Night; Location

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SATURDAY NIGHT PROJECT ➢ Similar negative magnetic signature as

• ther well-

mineralized intrusions

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TBN Project Sunday Lake Saturday Night Thunder

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40% CGM Ownership = $3.2 M + 30% SPC Ownership = $3 M + 9% Forum Energy Metals Ownership = $350K + 0.4% Solo Growth Corp Ownership = $186K

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COMPARISON

SATURDAY NIGHT PROJECT

Saturday Night Sunday Lake

Ownership 100% XTM 25% Carried Interest Age Proterozoic – MCR related. No date. Proterozoic – MCR related, 1103.5Ma. Size 800m by 500m (based on ground magnetics, 225m thick. 1.25km by 1.75 km, 200-800m thick. Geology Layered mafic to ultramafic intrusion. Layered mafic to ultramafic intrusion and chonoliths. Alteration Strongly altered and highly magnetic hangingwall rocks. Strongly altered and magnetic hangingwall rocks and upper lithologies. Structurally

• controlled. Altered footwall.

Mineralization Disseminated to blebby cpy+po along the basal contact. Disseminated, blebby to massive cpy+po along the basal contact in structural embayments. Disseminated and veins in the footwall. Drilling 1 hole/601metres 33 holes/~22,050 metres Magnetics Strong reversely polarized circular magnetic

• anomaly. Coincident with highly magnetic

hangingwall rocks. Strong reversely polarized circular magnetic

• anomaly. Coincident with highly magnetic

hangingwall rocks. Gravity Moderate gravity response. Strong gravity response. MT Strong MT response, 1Hz-40kHz Strong MT response, 10kHz-0.001Hz Discovery hole 6.25m @ 1.07g/t, incl: 0.30m @ 4.0g/t PGM, 0.56%Cu. 3.65m @ 1.02g/t, incl: 1.05m @ 1.67g/t PGM, 0.60%Cu.

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▪ Located 160 km NE of Thunder Bay. ▪ 10 km north of the TransCanada Highway. ▪ Located in the Thunder Bay Mining District in the Pays Plat Lake Area and the Lower Aquasabon Area. ▪ Property in about 14 km2 in size.

Maude Lake; Location

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Maude Lake; Showing

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▪ 2001-2004: Novawest Resources – mapping, sampling, 11 drill holes for 1,502 m. Novawest geologists suggested that mineralization is associated with a pyroxenite that may have intruded the granites. ▪ Field sampling returned very high, high tenor Ni-Cu-Co values from the main showing.

Maude Lake; Results

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HIGHLAND GOLD: Regional Setting

Highland Project

• The Avalon composite terrane: Orogenic (mesothermal) and Epithermal styles of gold:

– Haile (4.4 Moz), Hope Brook, NFLD (0.84 Moz Ind., 0.11 Moz Inf.)

• Highland is an under-explored part of the Avalon that has been essentially overlooked
• 107 Km2 Property hosting over 30 gold showings

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Compelling evidence for big system

✓ Large, intense epidote, qtz, albite, sericite alteration ✓ Coincident with 4 Km long region of low magnetic susceptibility developed around one of the major structures

Widespread gold mineralization in hanging wall

✓ > 30 High grade gold showings ✓ 9 showing areas returned grab samples greater than 8 g/t, 23 greater than 1.7 g/t, 104 g/t sample from Zone 6B ✓ 3,000 tonne bulk sample with 26 g/t head grade processed in early 2,000’s at Main Zone ✓ 9.14m @ 23.22 g/t Au (2018)

Hole TMRB-18-01 9.14m grading 23.22 g/t Au

Main Zone

Macmil lan Hydro Reserv

• ir

4km Long Alteration Zone - Magnetite Destruction

Legend

2018 RAB Program Gold Showing Property Outline Low Mag - Alteration Very Low Mag - Alteration Fault Structure

Projec t Locati

• n

HIGHLAND GOLD: Large Epithermal Footprint

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Janice Lake

• Widespread copper mineralization exposed in bedrock over a 10 km x 25 km area (analogous to

Udokan; 3.1Bt @ 1% Cu)

• >20 surface showings returning grabs 0.34 to 9.35% copper and 0.7 to 61.7 g/t silver
• XTM hold 2% NSR and $6M in Milestone Payments
• RTEC can earn up to 80% from Forum by spending $30M
• RTEC intersections include:

51.8m @ 0.57% Cu, 1.50 g/t Ag

• Incl. 9.1m @ 1.09% Cu, 1.39 g/t Ag

5.0m @ 1.32% Cu,3.42 g/t

Wollaston: Sedimentary Hosted Copper

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Wollaston Cu Project

• 100% owned along trend from Janice Lake
• Covers known Cu showings interpreted to be on-strike equivalents to Janice Lake
• Grab samples returned: 1.73 to 4.52 % Cu, 0.17 to 0.42 oz Ag/t, and 0.01 to 0.03 oz Au/t

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Wollaston Cu Project

RTEC Deal $10M over 4 years (51%) $30M over 7 years (80%) Currently building 100 km road and 65 man drill camp. XTM New Staking 15,000 Ha

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Aer-Kidd

SPC METALS; Sudbury Mining Camp

30% Owned

Lockerby East

West Graham Deposit

▪ Ind: 8.55Mt @ 0.45% Ni, 0.31% Cu ▪ Inf: 2.0Mt @ 0.38% Ni, 0.30% Cu

Lockerby East Deposit

▪ Ind: 0.18Mt @ 2.32% Ni, 0.78% Cu ▪ Inf: 0.04Mt @ 2.93% Ni, 0.80% Cu

Aer-Kidd Property

▪ Past Producer ▪ Exceptionally High Grade Intersections ▪ Advanced Exploration 26

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CGM: 226 Km2 Abitibi

Ridout Fault

40km

N

11 144 560 66 101 101

Quebec

Alamos Gold Young Davidson 3.6 Moz @ 2.7 g/t (P+P) Tahoe Resources Juby Gold 1.1 Moz @ 1.3 g/t (Ind) 2.9 Moz @ 0.9 g/t (Inf) Kirkland Lake Gold Macassa 2.0 Moz @ 20.8 g/t (P+P) Agnico Eagle Upper Beaver 0.7 Moz @ 5.4 g/t (P+P) IAMGOLD Cote Lake 8.3 Moz @ 0.9 g/t (Ind)

Producing Mine Past Producing Mine Major Fault Undeveloped Resource Abitibi Greenstone Rocks Ontario

McEwen Mining Black Fox Complex 1.5 Moz M&I Goldcorp Dome-Hollinger > Moz @ 2.3 Moz @ 1.55 g/t (P+P) Tahoe Gold

Lakeshore Mine 0.24 Moz @ 3.21 g/t (P+P)

South Kirkland

✓ Camp size property package ✓ Located on new trend south of Kirkland Lake (host to 35 M oz) ✓ Historical Resource and UG Infrastructure

Ridout West

✓ Optioned to IAMGOLD ✓ Grab samples returned up to 57.3 g/t Au

West Matachewan

✓ 15 km from Young Davidson ✓ Situated on 25 km of prolific Cadillac Larder Break

DeSantis

✓ Historical gold producer in the heart of Timmins ✓ Outlined Resources with exploration upside CGM Property Acquired from Osisko

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SCOTT MCLEAN

• HBSc. P.Geo.

CEO & Co-founder

➢ 2004 PDAC Prospectors

• f the Year for Nickel Rim

South Discovery ➢ 2014 Ontario Discoverer of the Year ➢ 35 years experience, 23 years with Falconbridge/ Xstrata (Responsible for the Sudbury Exploration Investment)

GRANT MOURRE M.Sc, P.Geo Exploration Manager

➢ 16 years minerals exploration within NA focused primarily on Ni- Cu-Co-PGMs. ➢ 2014 Ontario Discoverer

• f the Year

➢ 10 years exploration in the Sudbury Basin

GREG COLLINS B.Sc. Eng., P.Geo. COO & Co-founder

➢ Previous VP Exploration for Crowflight ➢ Numerous Ni-Cu-PGM discoveries in Canada and Vietnam ➢ Over 20 years experience in exploration, mine planning and operations, and management

MANAGEMENT TEAM

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TOM HART M.Sc, P.Geo VP Exp

➢ Co-recipient of the Northwestern Ontario Prospectors Association 2004 Discovery of the Year Award ➢ Specialist in lode gold and base metals systems on surface and underground ➢ Over 30 years experience in exploration and mapping programs

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SCOTT MCLEAN, HBSc. P.Geo.

➢ 2004 PDAC Prospectors of the Year for Nickel Rim South Discovery (now Glencore/Xstrata) ➢ 2014 Ontario Discoverer of the Year ➢ 35 years experience, 23 years with Falconbridge/Xstrata (Responsible for the Sudbury Exploration Investment)

THOMAS ATKINS, B.Sc., MBA

➢ Past CEO of 4 publicly listed mining companies, raised approximately $100 million in various equity and debt financings ➢ 30 years experience successfully leading exploration and development initiatives in the Americas

JON BAIRD, B.Sc., P.ENG.

➢ 2013 recipient of the Queen Elizabeth II Medal and the CIMM Vale Medal ➢ Professional geophysicist and independent Consultant since retiring as the Managing Director of the Canadian Association of Mining Equipment and Services for Export in January 2015 ➢ Past president of the Prospectors and Developers Association of Canada 29

BOARD OF DIRECTORS

JASON MARKS, P.ENG., MBA

➢ CEO of Metric Asset Management ➢ Past CEO and Chief Investment Officer of Fiera Quantum Limited, CEO and Chief Investment Officer of GMP Investment Management, Vice Chair at TD Securities, Senior Vice President at TD Bank, and Vice President at Citibank Canada

WILLIAM PEARSON, PH.D., P.GEO.

➢ 2015 recipient of the PDAC Distinguished Service Award ➢ Chief Technical Advisor for Eloro Resources in Peru ➢ Over 40 years experience in exploration and mine development programs in 18 countries in North and South America, Europe, East Asia and Australia

BRIAN MONTGOMERY, LL.B.

➢ Lawyer and a retired partner of Weaver Simmons LLP ➢ Currently counsel with the Moutsatsos Laakso Alexander LLP law firm in Sudbury specializing in business and corporate law ➢ Recognized for his expertise in all aspects of mining, corporate, real estate, and business law

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WHY TRANSITION METALS NOW?

KEY CATALYSTS

Canadian Gold Miner & SPC Metals Public Transactions Potential for Two share dividends Drill Campaigns: Sunday Lake, Janice Lake, South Kirkland, DeSantis, Aer-Kidd Optioning of key projects including Saturday Night, Maude Lake, Highland

$$

Financings: SPC, CGM Project Generation leading new Gold project acquisitions Ni Au Cu Co PGM 30

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Scott McLean P.Geo.

CEO & Co-founder smclean@transitionmetalscorp.com #5 - 410 Falconbridge Road Sudbury ON P3A 4S4 Telephone: 705-669-0590

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