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Sky Lake Project Summary

April 2020

Tri Origin Exploration Ltd

April 17, 2020

• Deposit is open and drill-ready with numerous other nearby geological and geophysical targets identified

• Management has recognized important geological similarities to the Bousquet/LaRonde Gold District- currently Quebec’s most productive gold mining center

• The potential is to discover a multi-million ounce gold deposit of the Bousquet or iron formation hosted type

• Tri Origin’s initial objective is to evaluate the non-compliant resource delineated in the 1950’s and convert this

into drill indicated resources

• The “Koval” gold deposit was discovered and partially-delineated by drilling during the 1950’s by Pickle Crow & Hasaga GML, operators of the nearby mines at Pickle Lake

• The deposit is on patent claims held under option by Tri Origin to earn 96% interest

• Koval contains numerous drill intersections of underground mineable grade and thickness

• Tri Origin also holds 100% interest in a regional land holding over 27 kilometres long which hosts

promising but underexplored gold zones discovered through previous drilling and surface prospecting

• The property is centered within a productive segment of the Canadian Shield which has produced over 4 million ounces of gold and has readily available infrastructure

• Only minimal work has been conducted over the past 60 years

Sky Lake- Key Points

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Red Lake District

Thunder Bay

New Gold Hemlo

Kenora

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Regional Location- NW Ontario

Geraldton-Beardmore, Long Lac District

Pickle Lake District

An extensive region hosting Canada’s highest grade gold mine and numerous past-producers

The Red Lake-Uchi Subprovince

Remote access and extensive lake cover have hindered previous exploration Many gold occurrences and historic deposits have not seen exploration for over 25 years

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Britannia

Mine

Winnipeg- 200 km

Red Lake

District

Springpole Lake

Deposit

Uchi Gold

Mine

Golden Patricia

Mine

Pickle Lake

District

Dona Lake Mine

Sky Lake

Project

Thunder Bay- 300 km

Great Bear

Resources

discovery 50 kilometres

~40 million contained & past-produced ounces of gold

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Sky Lake- Gold Deposits in a Productive Belt

Golden Patricia Mine Pickle Lake Gold District

~3 M ounces produced

Dona Lake Mine

Sky Lake Property

Thierry Mine Pickle Crow Mine

27 km long property- 125 km2 of 100%-owned claims & an option to earn 96% interest in 2

km2 of patented claims

Located 310 km north of Thunder Bay, Ontario adjoining paved highway & power lines

Historic, partially delineated gold deposits optioned from Barrick Gold core the property

Bounded by 6 past producing gold mines- on the east the 3 million ounce Pickle Lake Gold District and on the west the past-producing Golden Patricia Gold Mine

Gold occurrences identified by Tri Origin at Sky Lake share important similarities to the world-class Bousquet/LaRonde District in Quebec

20 km

Sky Lake Project Infrastructure & Access Pickle Lake

Sky Lake

Property

Mishkeegogamang

Native Reserve

Lake St. Joseph

20 kilometres

Central part of project area is; • within 12 km of power • Within 20 km of paved highway • Has barge access from Lake St

Joseph • 30 km flight from Pickle Lake

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Patent Claims

“Koval” Gold Deposit

Mishkeegogamang

Native Reserve

Gold zones in iron formation

5 kilometres

Previously Identified Gold Zones on & adjacent to Property

Competitor Company (Ardiden Ltd) Resource in iron formation- 110,000 ounces gold

Recent drilling; 3.97 g/t across 21.0 m, 2.38 g/t across 19.7m Extensive drill program planned for 2020

Patent Claims Historic resource (non-compliant)

Past-producing Pickle Crow, Central Patricia (Hasaga), Dona Lake Gold Mines & Thierry Cu/Ni Mine Past-producing Golden Patricia Mine

Sky Lake Property

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Southern Sedimentary Terrain

Northern Mafic Terrain

Sky Lake Stock Central Volcano-Sedimentary Terrain

• All gold occurrences discovered to date are near the southern margin of the Northern Mafic Terrain associated with iron formation or within the Central Volcano-Sedimentary Terrain as “pyritic, quartz-sericite schist”

• 2 main “clusters” of rock outcrop. One at the Koval deposit in the center of the patent claims and the other northwest of the patent claims where other gold zones have been discovered

• Other prospective environments are predominately overburden covered and remain poorly explored.

1 kilometre

Gold Over a District Scale

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• Gold was discovered in outcrop in the early 1950’s and traced for 1.5 km in strike length by shallow drilling. A deposit was partially delineated but no further work was undertaken due to the closure of the mines at Pickle Lake

• Drilling of nearby exploration targets was conducted during the 1980’s with discovery of a number of other occurrences however these have not been followed up for 35 years

• Overall, only minimal work has been conducted since the discovery over 60 years ago

Previous Drilling- Central Area

Geophysical Surveying- Central Area

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Sky Lake Stock

Airborne Magnetic Background

Airborne EM Anomaly Trends

Surface Induced Polarization Lines

Airborne geophysical surveying has delineated extensive iron formation (in places gold-bearing) & numerous undrilled EM anomalies

Surface Induced Polarization (“IP”) surveying has identified strong new anomaly trends along strike and south of the area of most previous drilling

1 kilometre

Gold deposits- drilled in the 1950’s

Recent “Deep-looking” psuedosection data being interpreted for drill hole targeting

Drill hole collars Recent IP survey lines Surface trace- Koval Gold Deposit Previous TOE IP surveys

• During fall 2019 15 line kilometres of induced polarization surveying was completed over the Koval deposit

• Results are currently being interpreted to plan for diamond drilling

• The objective is to delineate resources

Targeting for Drill Program

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Historic Drilling at Koval Deposit

500 metres

Diamond Drill Plan

• The majority of assay data from shallow drilling conducted during the 1950’s at the Koval deposit has been recovered

• Some confirmatory drilling and nearby exploration was conducted by LAC Minerals Ltd during the 1980’s however much of this data no longer exists

• Tri Origin has captured a database of 133 drill holes for a total of 22,660 metres of drilling at Koval

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3D Longitudinal Section

(looking northeast)

• 3D modelling of a 133 drill hole database has identified three main sub-parallel zones over a strike length of +1 km which comprise the Koval deposit

• Most historic drilling was only conducted to depths of less than 100m below surface &, in places, to a maximum of 200 m below surface

• A non-compliant 43-101 resource was calculated in the 1980’s • The deposit remains open at depth and both directions along strike

Drill Section 6200mE

3.97 g/t across 14.23 m

4.28 g/t across 8.08 m

8.78 g/t across 15.95 m

1.83 g/t across 12.34 m

50

met

res

7.71 g/t across 1.52 m

“yellow zone”

“orange zone”

“red zone”

surface

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Partially Delineated Gold Deposit

Zones correlate well between holes and show excellent continuity

YELLOW ZONE

Hole Length grade

14-PC 7.47 3.09

E18-HA 7.92 6.88

E33-HA 14.23 3.97

E35-HA 7.62 6.62

E40-HA 14.32 3.01

E41-HA 11.12 3.84

E46-HA 6.18 4.16

E49-HA 12.96 4.96

E56-HA 3.05 4.39

E57-HA 3.81 5.56

E58-HA 6.55 3.32

E60-HA 3.05 3.59

E70-HA 16.43 3.37

K87-13-LAC 9.23 6.01

minimum 3 g/t across 3 m

ORANGE ZONE

Hole Length grade

E4-HA 2.14 2.76

E12-HA 3.2 2.24

E20-HA 2.44 3.52

E33-HA 2.43 8.97

E46-HA 3.2 2.01

E46-HA 3.04 2.06

E48-HA 8.08 4.28

E49-HA 7.92 2.54

E64-HA 2.89 2.8

E68-HA 3.5 5.4

minimum 2 g/t across 2 m

RED ZONE

Hole Length grade

2-PC 15.39 4.34

3-PC 22.71 6.26

9-PC 11.12 3.13

11-PC 7.16 4.14

E1-HA 19.43 7.26

E3-HA 13.18 3.47

E6-HA 16.76 6.5

E7-HA 6.86 6.08

E17-HA 3.66 5.71

E18-HA 3.81 5.85

LL6-LAC 8.84 3.59

minimum 3 g/t across 3 m

Selected Assay Intervals

Intervals selected include all assay values from beginning of mineralized zone to end of mineralized zone- no “economic” criteria applied

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• Drilling centred at the Koval deposit is required to define “ore-shoot” geometry and subsequently to delineate resources

• An area of focus almost 10 kilometres in length containing significant gold occurrences has been outlined for detailed exploration and drilling

• Regional geophysical targets and isolated gold occurrences over the 27 kilometre long property warrant investigation

Sky Lake has defined exploration priorities:

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Project Plans