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May 2018 Corporate Presentation www.altamiragold.com TSX.V: ALTA | Frankfurt: T6UP | US: EQTRF

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May 2018

Corporate Presentation www.altamiragold.comTSX.V: ALTA | Frankfurt: T6UP | US: EQTRF

Certain statements contained in this presentation constitute forward-looking statements. These statementsrelate to future events or the Corporation's future performance, business prospects or opportunities. Allstatements other than statements of historical fact may be forward-looking statements. Forward-lookingstatements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan","continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting", "intend", "could","might", "should", "believe" and similar expressions. These statements involve known and unknown risks,uncertainties and other factors that may cause actual results or events to differ materially from thoseanticipated in such forward-looking statements. The Corporation believes that the expectations reflected inthose forward-looking statements are reasonable, but no assurance can be given that these expectations willprove to be correct and such forward-looking statements should not be unduly relied upon. These statementsspeak only as of the date specified. The Corporation does not intend, and does not assume any obligation, toupdate these forward-looking statements.

These forward-looking statements involve risks and uncertainties relating to, among other things, results ofexploration activities, uninsured risks, regulatory changes, defects in title, availability of materials andequipment, timeliness of government approvals, changes in commodity and, particularly, gold prices, actualperformance of facilities, equipment and processes relative to specifications and expectations andunanticipated environmental impacts on operations. Actual results may differ materially from thoseexpressed or implied by such forward-looking statements.

Forward Looking Statement

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• Management - 4 gold discoveries in Brazil with NI 43-101 compliant resources, Cajueiro, Coringa, Cuiu Cuiu and Tocantinzinho and Puquio North in Bolivia. Founders of Magellan, Serabi Gold, Meridian Mining

• Focus - 12 license areas in Brazil which are 100% owned comprising +200,000ha in prolific Juruena gold belt (7-10Moz of artisanal gold production)

• Resource - Advanced Cajueiro project has a NI 43-101 resource of Indicated Resources of 214,000oz Au and Inferred Resources of 204,000oz Au and an additional 79,000oz in oxides (as Saprolite). Three new zones discovered mid-2017 with trenching results of 29m @ 3.03g/t gold at Baldo East

• Emerging copper belt – in September 2017, Anglo American & Nexa Resources staked 3M Ha for copper throughout the Juruena belt

• Share structure - 48.6M shares issued

Summary

TSXV: ALTA 3 www.altamiragold.com

Michael Bennett – President & CEO, DirectorGeologist, +30 years mining experience (23yrs in South America, Brazilian resident). Directly responsible for Cajueiro, Coringa, and Puquio North gold discoveries (Brazil & Bolivia)

Alan Carter – Chairman, Director30 years experience. Ex-Rio Tinto and BHP Billiton. Founder of Magellan Minerals (acquired by AnfieldGold in May 2016). Chairman of Fremont Gold. Director of Peregrine Diamonds, Cabral Gold and Blackrock Gold

Michael O’Brien - CFOChartered Accountant, +30 years experience including 11 years of experience as CFO of TSX and TSXV-listed junior mining companies, including Golden Predator Mining Corp.

Sèrgio Amaro Aquino - General Manager, Brazil+35 years of experience in Brazilian mining sector. Proven track record. Co-founded Serabi Gold Plc and was responsible for construction of Palito underground mine

Sean Kingsley – VP, Corporate Development11 years experience within the mineral exploration & development industry. Has a grass-roots network, strong understanding of financial markets & experience in utilizing diverse methods for communications.

Management

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Chris Harris – DirectorChartered accountant. Former CEO Altamira Gold and Alta Floresta Gold. 30 years in energy, commodity trading and mining finance (Ernst & Young, CIBC, Enron UK, BHP Billiton)

Ioannis (Yannis) Tsitos – Independent DirectorCurrently President and Director of Goldsource Mines. Over 26 years experience in the mining industry, spent 19 years with BHP Billiton. Physicist-geophysicist, has been instrumental in identification, negotiation and execution of numerous agreements with juniors, majors etc.

Ian Talbot – Independent DirectorCurrently President, CEO and Director of Arcus Development Group. Over 25 years experience in the mineral exploration industry as both a lawyer and an exploration geologist. Geologist – worked with both junior and major resource companies. Lawyer – practiced exclusively in areas of mining and securities law in private practice and as in-house counsel with BHP Billiton World Exploration

Directors

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$0.18 cents/shareShares O/S 48.6M Warrants 26.8M Options 3.5M Fully Diluted 78.9M Market Cap $8.75M

$0.14/$0.35 52 week low/high

$0.18 CAD May 3

Corporate Structure

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Regional Location

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Alta Floresta/Juruena Belt

• Significant historic small scale gold production from district

• Approximately 7-10M oz produced in the 80-90’s gold rush from the streams

• Two deposits identified thus far, Cajuiero and Juruena (Crusader)

• First phase drilling completed on 5 projects; Cajueiro, Colider, Carlinda, Nova Canaa and Crepori

• Regional land use is mainly for cattle ranches and cattle grazing

• Extensive network of power lines and roads

• Rio Teles Pires hydro project recently completed construction 22km west of Cajueiro (see previous map). Grid power during mid-2018

• Daily flights to town of Alta Floresta on Azul Airlines with connections to Sao Paulo etc.

Typical view of Juruena region

Teles Pires hydro electric project 22km west of Cajuiero. Capacity of 1,820 MW

Infrastructure

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• Historic placer gold workings previously produced +250,000oz Au. Project area is39,053 Ha with mining licenses granted

• 14,367m of drilling and 105 drill holes completed to date. 2,878m of trenchingcompleted during 2017

• NI 43-101 compliant resource based on 11,292m of drilling – 8.64Mt at 0.77g/t Au(for 214,000oz) of Indicated resources and 9.53Mt at 0.66g/t Au (for 204,000oz) inthe Inferred resource category and additional 1.37Mt at 1.61g/t in Oxides (for79,000oz in Saprolite) also in the Inferred category

• Three new high-grade zones discovered at Baldo East during late 2017 includingmineralized trench intersections of 6m @ 21.74g/t, 7m @ 5.53g/t + 29m @3.03g/t, & 2m @ 8.30 g/t gold

• Soil sampling has identified 10 gold anomalies of which 4 have been only partiallydrill tested. Further trenching and drilling planned for 2018

Cajueiro – Flagship Project

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Sossego

Crente

BaldoMaria Bonita

Tavares Norte

MarinesMatrinchaNovo Sonho

• Existing Resources are largely confined to Crente, Baldo and Marines zones

• Approximately 80% of the currently known soil anomalies are untested by drilling

Morro VerdeCajueiro

Area of detail

Baldo East

Toninho

Cajueiro Upside

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Cajueiro Project

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Area of detail

Cajueiro Project – Baldo East Extensions

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• Metallurgical testing conducted in 2016 returned gold recovery rates of 93.7% to 96.2% from gravity and cyanide leaching

• Altamira has a permit to mine at Cajueiro through a Trial Mining License which has been granted.

Cajueiro – Metallurgy and Permitting

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Baldo East zone exposed in trench

• Anglo American are rumored to have made a significant discovery of porphyry copper mineralization at the Jaca Target on eastern part of belt. Six rigs are currently operating

• Anglo American and Nexa Resources (Votorantim) have staked 3 Million Ha since September 2017

• Elevated copper values have been returned from the reanalysis of drill core at several of Altamira’s copper projects including Colíder which returned 4.1m @ 1.05% Cu and 18.59g/t Au and Firminho. Copper values of +1% Cu have recently been returned from surface grab samples at Apiacas

Juruena – South America’s next major copper belt?

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Outcropping stockwork mineralization at Jaca

Alta Floresta/Juruena Belt – Prior Sept. 2017

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Alta Floresta/Juruena Belt – Post Sept. 2017

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Santa Helena – Regional Location

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• Before Anglo American & Nexa Resources major staking rush, Altamira held 8,398 Ha at the Santa Helena project and 4,216 Ha at the Colider project

• Altamira was successful in acquiring an additional 50,196 at Santa Helena & an additional 11,465 at Colider

• Brings the total land position of Santa Helena to 58,594 and at Colider to 15,681

Santa Helena view

Oxide copper mineralization on surface at Santa Helena

• Santa Helena is located approx. 60km WSW of Anglo American’s porphyry Cu discovery at Jaca

• 49 surface rock chip samples recently collected from four areas at Santa Helena recently returned gold values ranging from 0 – 171.6 g/t gold and 0 – 0.81% copper

• Average values from each zone were;

Flecha Dora - 31.2 g/t Au + 0.13% Cu Gabriel - 19 g/t Au + 0.11% CuDorival - 24.6 g/t AuTucura - 7.2 g/t Au

Santa Helena Project

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Recently announced gold values from rock samples at Santa Helena

Apiacas Project – Regional Location

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Apiacas Project

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Map Area

• Located due west of Cajueiro project along same trend. Historic placer gold workings previously produced +500,000oz Au. 80,403Ha of which 38,391 Ha has been granted and the rest is under application.

• No previous drilling. Multiple surface grab samples thus far returned values of +5g/t gold with a maximum of 118.7g/t gold

• Several obvious drill targets including Bragatte, Papagaio and Paulinho Troca Tiro

• Drilling planned for 2018

Gold - bearing surface oxide mineralization at Apiacas

Apiacas Project

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• Additional trenching and drilling of recently discovered mineralized zones in Baldo East area at Cajueiro with the objective of expanding the current resource

• Trenching of previously untested peripheral gold-in-soil targets at Cajueiro including Novo Sonhos and Sossego

• Identification of possible buried porphyry sources using geophysical and geochemical techniques in the Cajueiro, Apiacas and Santa Helena areas to assess potential for copper mineralization

2018 Objectives

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Summary

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• Management - 4 gold discoveries in Brazil with NI 43-101 compliant resources, Cajueiro, Coringa, Cuiu Cuiu and Tocantinzinho and Puquio North in Bolivia. Ex-Magellan, Serabi Gold, Meridian Mining

• Focus - 12 license areas in Brazil which are 100% owned comprising +200,000ha in prolific Juruena gold belt (7-10Moz of artisanal gold production)

• Resource - Advanced Cajueiro project has a NI 43-101 resource of Indicated Resources of 214,000oz Au and Inferred Resources of 204,000oz Au and an additional 79,000oz in oxides (as Saprolite). Three new zones discovered mid-2017 with trenching results of 29m @ 3.03g/t gold at Baldo East

• Emerging copper belt – in September 2017, Anglo American & Nexa Resources staked 3M Ha for copper throughout the Juruena belt

• Share structure - 48.6M shares issued

Sulphides Oxides

Source, M.Claiborne Newton ,March 24 ,2016. NI 43-101 Technical Report on Resources, Cajueiro Project States of Mato Grosso and Para, Brazil. Gustavsson Associates LLC.

Mineral resources are not mineral reserves and do not demonstrate economic viability. There is no certainty that all or any part of the mineral resource will be converted tomineral reserves. Quantity and grade are estimates and are rounded to reflect the fact that the resource estimate is an approximation

The estimate considered a gold price of $1,250 per ounce and a cut-off grade of 0.3g/t gold

Appendix – Cajueiro Resources

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Photos

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Contact UsMichael Bennett +55 69 99229 8280 President & CEO [email protected]

Alan Carter +1 778 386 0723Chairman [email protected]

Sean Kingsley +1 604 440 8474 VP, Corporate Development +1 833 606 6271 (Toll-Free)

[email protected]

TSXV: ALTA | FSE: T6UP | OTC: EQTRF