CORPORATE PRESENTATION May 29, 2020 TSX-V CCW | OTC CCWOF | - PowerPoint PPT Presentation

CORPORATE PRESENTATION May 29, 2020 TSX-V CCW | OTC CCWOF | FRANKFURT 4T9B

Forward-Looking Statements DISCLAIMER Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this material. This presentation may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. QUALIFIED PERSON The technical information in this corporate presentation was prepared under the supervision of Canada Silver Cobalt Works Inc.’s President and CEO, Frank J. Basa, P.Eng., who is a member of Professional Engineers Ontario and is a Qualified Person in accordance with National Instrument 43-101. www.canadasilvercobaltworks.com 2

Investment Opportunity Vertically Integrated Leader in Canada’s Silver -Cobalt Heartland ➢ Developing three 100% owned, past-producing, high-grade silver-cobalt mines in northern Ontario with the main focus on the Castle Mine ➢ Recent underground drilling on Level 1 of the Castle Mine intercepted previously undiscovered high-grade veins of silver, cobalt, gold and nickel – demonstrating the potential to resume mining at Castle ➢ Immediate focus is on a spectacular new silver discovery at Castle East open in all directions and showing drill results as high as 70,380 g/t silver, with an initial 43-101 Inferred Resource estimate of 7.6 million ounces of silver ➢ Plans include follow-up drilling to expand the resource estimate and permitting activity to construct a ramp to access the exceptional vein structure and to establish underground exploration platforms ➢ Vertical integration achieved through the strategic acquisition of Temiskaming Testing Laboratories Inc., an established lab/mineral processing facility in nearby Cobalt, Ontario www.canadasilvercobaltworks.com 3

Castle Mine – High-Grade Silver and Cobalt Castle Mine was one of the highest-grade silver- cobalt mines in the historic Silver-Cobalt Camp in Northern Ontario ➢ Previously operated by Agnico Eagle 1979-1989 with ore grades averaging 26 oz/ton silver ➢ Mines in the Silver-Cobalt Camp produced over 500 million oz of silver and over 30 million lbs of cobalt in the 1900s www.canadasilvercobaltworks.com 4

Regional Map www.canadasilvercobaltworks.com 5

Castle Mine Property “Results from our underground drilling support the interpretation that much was left behind at the Castle Mine, not just cobalt but very high- grade silver.” Jacques Monette , Director CCW, Career Miner Press Release Feb. 19, 2019 ➢ 78 km 2 total claim zone NE of the town of Gowganda ➢ In middle of previously-producing Gowganda silver-cobalt camp ➢ Close to all infrastructure ➢ Includes all 3 former Castle Mine shafts #1, #2 and #3 and the adit (near #2 and #3) ➢ First Nations agreements in place www.canadasilvercobaltworks.com 6

Castle Mine – Exploration at Castle East Most significant high-grade silver discovery in the Northern Ontario Silver-Cobalt District in 40 years ➢ Massive native silver mineralization found during recent drilling in the Robinson Zone 1.5 km east of adit/shafts ➢ Intercepts of as high as 70,380 g/t silver (2,053 oz/ton) – equivalent to 791 g/t gold – over 0.3 m within broader 4 m core length of 7,259 g/t silver (212 oz/ton) ➢ New gold zone southeast of the Robinson Zone with intercepts ranging up to 15.2 g/t; also nickel-copper mineralization ➢ Strong exploration potential extends 17km northeast www.canadasilvercobaltworks.com 7

Castle Mine – Exploration at Castle East www.canadasilvercobaltworks.com 8

Castle Mine – Exploration at Castle East Massive Native Silver Intersected at Robinson Zone Discovery CanadaSilverCobaltWorks.com CanadaSilverCobaltWorks.com www.canadasilvercobaltworks.com 9

Castle Mine Property – 3D View Looking South Historic Castle Mine 70,380 gpt Ag Over 9M oz Silver over 0.3m and 300k lbs Cobalt (791 gpt AuEq) Produced in 1900s Castle East Robinson Zone www.canadasilvercobaltworks.com 10

Castle Mine Property – Future Robinson Zone Ramp Wedge 1 Estimated Inferred Resource 50,583 gpt Ag over 0.6m of 7.6 million oz Silver (568 gpt AuEq) Wedge 2 70,380 gpt Ag over 0.3m (791 gpt AuEq) CanadaSilverCobaltWorks.com www.canadasilvercobaltworks.com 11

Castle East Mineral Resource Estimate Zone 1A and 1B have an average silver grade of 8,582 g/t (250.2 oz/ton) in a combined 27,000 tonnes of material, for a total 7,560,200 Inferred oz of silver Mineral Resource Estimate at Castle East 1 Ag Co Cu Ni Pb Zn AgEq Tonnes Ag AgEq Inferred Mineral g/t g/t g/t g/t g/t g/t g/t Oz. Oz. Resources Zone 1A 8,100 2,073,000 2,094,200 7,960 946 349 790 16 12 8,042 Zone 1B 19,300 5,487,200 5,583,200 8,843 2,308 325 336 30 52 8,998 Zone 2A 5,500 6,800 75,300 38 5,673 2,101 453 118 108 426 Total Inferred 32,900 7,567,000 7,752,700 7,149 2,537 628 467 41 52 7,325 Mineral Resources (1) Independently prepared by GoldMinds Geoservices Inc. in accordance with National Instrument 43-101 using a cut-off grade of 258 AgEq g/t. See company news release May 28, 2020. www.canadasilvercobaltworks.com 12

Development Goal/Plans Development Goal: Resume Mining at Castle Near-term Plans 1 ➢ Continued exploration at the Robinson Zone silver discovery designed to test the vertical extension of the mineralized zones to surface and to increase the quantity and confidence of the mineral resources ➢ Follow-up drilling of a new high-grade vein discovered 95 m below the Robinson Zone – interpreted as a second potential major vein structure with an assay of 8,338.41 g/t Ag over 0.35 m and which is not part of the resource estimate ➢ Conduct permitting activity for the construction of a ramp to the rich Robinson Zone which will also provide underground exploration platforms to greatly enhance new discovery opportunities targeting both high-grade silver and the new gold zone located several hundred meters southwest of the Robinson Zone ➢ Proceed with assaying, bulk sampling and bullion pouring operations at the newly acquired Temiskaming Testing Labs, and continued permitting work for the tailings program and for constructing a 600 t/d gravity, flotation, cyanidation mill www.canadasilvercobaltworks.com 13 (1) See company news release May 29, 2020.

Major Advantage/Potential UNDERGROUND ACCESS AT CASTLE MINE ➢ Castle has permits to access the mine through an adit and to drill/sample underground ➢ This has allowed upgrades, fast-tracked drilling (and testing), and will allow targeted mining sooner ➢ No other company in the Cobalt Camp has permitted underground access www.canadasilvercobaltworks.com 14

Cross Section Showing Underground Workings at Castle Mine ➢ Longitudinal section through Castle No.3 workings ➢ View looking North ➢ Mining occurred on 11 different levels during the 1900s down to approximately 850 feet (259.1m) www.canadasilvercobaltworks.com 15

Acquisition of Strategic Assets Canada Silver Cobalt Acquires Lab/Metals Processing Facility 1 ➢ Acquisition achieves key goal of becoming a vertically integrated leader in Canada’s silver -cobalt heartland ➢ CCW’s subsidiary Temiskaming Testing Laboratories Inc. (TTL) has acquired substantially all of the assets of PolyMet Resources Inc. -- an ISO certified laboratory and mineral and precious metals processing facility located in the town of Cobalt, a short distance from the company’s Castle and Beaver Mines ➢ The 23,000-sq. foot facility allows for multiple potential revenue streams – bullion pouring, bulk sampling, commercial assaying and e-waste processing including mixed computer boards processed through the facility’s shredder and ball mill to recover precious and base metals ➢ The facility will become the new headquarters of Canada Cobalt and will host Canada Cobalt’s proprietary Re -2OX process for environmentally friendly extraction of precious and base metals (1) See company news releases Oct. 10 and 24 and Dec. 4, 2019 and Jan. 10, 2020. www.canadasilvercobaltworks.com 16

CCW Pours Silver Bars in Proof of Concept Silver Bars Poured from Castle Mine Waste Material 1 ➢ Company poured 3 silver bars totaling 300 ounces in proof of concept test ➢ Bars were poured at the TTL facility (formerly PolyMet) from a concentrate produced by a pilot plant processing mineralized waste material at the Castle Mine ➢ This illustrates the potential for significant silver production along with cobalt at Castle from both surface waste material and tailings as well as underground mining ➢ Castle was one of Agnico Eagle’s highest -grade mines when it was last mined in the 1980s with ore grades averaging 26 oz/ton Ag (890 grams/tonne Ag) ➢ The same waste material was also used to separately recover cobalt and produce a cobalt sulphate at SGS Lakefield using the company’s proprietary and environmentally friendly Re-2OX Process (1) See company news releases October 16, 2019. www.canadasilvercobaltworks.com 17