February 2020 1
Cautionary Statement on Forward Looking Information Certain information contained in this document may include “forward - looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of X-Terra Resources, or the assumptions underlying any of the foregoing. In this document, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of X- Terra Resources’ properties, or if any of them do so, what benefits X -Terra Resources will derive. Forward-looking information is based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond X- Terra Resources’ control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Financial Instruments” and “Risk and Uncertainties in X Terra Resources’ Annual Report for the fiscal year ended December 31, 2018, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. X-Terra Resources does not intend, nor does X Terra Resources undertake any obligation, to update or revise any forward-looking information contained in this document to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws. Jeannot Théberge, P. Geo registered in the Provinces of Québec and New-Brunswick, a consultant to X- Terra Resources, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43 - 101”) has reviewed the technical contents and has approved the disclosure of the technical information contained in this presentation. 2
Michael Ferreira, President, Chief Executive Officer, Director ➢ Mr. Ferreira has been working with public and private companies as an independent advisor for more than five years, primarily in the junior mining sector. His strengths include identifying and sourcing projects, structuring investments, and business development. Dr. Michael Byron, PH. D., P. GEO, Director ➢ Dr. Michael Byron has thirty years of field work, research, and senior management experience in gold, base-metal, magmatic nickel and PGE, diamond, and gemstone exploration, spanning employment within the mineral exploration industry and government. Dr. Byron is attributed with the re-discovery of the Horne 5 deposit – Falco’s premier asset. Dr. Byron is currently the President, CEO, and Chief Geologist of Nighthawk Gold Corp. (TSXV: NHK) Sylvain Champagne, B.B.A. Chief Financial Officer, Director ➢ Mr. Champagne is the Chief Financial Officer of the Corporation, and is also Chief Financial Officer and a Director of Visible Gold Mines Inc. Sebastien Bellefleur, Director ➢ Mr. Bellefleur is a business lawyer in the Montreal office of Fasken Martineau LLP. His speciality is securities law and he has been involved in numerous public offerings in addition to private placements, takeover bids, stock exchange listings and a broad range of other security matters. 3
Kim Oishi, Director ➢ Mr. Kim Oishi has over 20 years of experience in financing and advising growth companies. He has served in senior management and board positions on a number of public and private companies. Mr. Oishi is the founder and President of Grand Rock Capital Inc., a company that invests in growth companies and provides consulting services regarding capital markets, corporate finance, investor relations, business development, mergers and acquisitions. Jean-François Madore, Director ➢ Jean-François Madore is a financial planner and currently wealth-manager specialist with Industrial Alliance, Assurance et Services Financiers Inc. Mr. Madore has acquired fifteen years experience in the financial industry, with a particular expertise in financial planning and risk management. 4
Growth through the identification, acquisition and development of mineral properties of merit in ➢ Quebec and eastern Canada. Thoughtful, technical rigor with an emphasis on quality over quantity; X-Terra has focused its ➢ efforts on a limited number of properties of merit, and an on-going rebalancing that reflect available resources. Develop and maximize intrinsic value by early-stage identification and optioning, advancing ➢ independently, and managing risk. Maintain and continue developing strategic relationships with leading consultants, prospectors, ➢ service providers and investment community. -Marc Boivin, Geophysicist (MB Geosolutions) -IOS Geoservices (Rejean Girard) -Mr. Martin Demers, P. Geo (Notably implicated in the re-opening of the Casa Berardi mine in the Abitibi region) -Mr. Robert Fraser, P. Geo ( Initiated, Planned and Directed the exploration program leading to the discovery of the former open pit Troilus Gold/Copper Mine) -Mr. Robert Sansfaçon, P. Geo (Notably implicated in the discovery of the Malartic open pit gold mine) - Mr. Jeannot Théberge, P. Geo (X-Terra`s Exploration Manager and qualified person under NI 43-101) -Sodemex, Fonds de Solidarité FTQ, Sidex, SDBJ, Etc … Anchored by a fundamental exploration approach while continuously employing and exploring ➢ innovative techniques. Disciplined approach to capital management. ➢ ➢ raising funds (flow-through, super flow-through, charity flow-through, hard dollars, strategic investments) ➢ utilizing capital stemming from individual financial channels 5
www.xterraresources.com TSX-V : XTT Frankfurt: XTR Shares 58,795,053 Outstanding Market $6M Capitalization Warrants 17,096,665 Outstanding *Strike price ~ 0.15c Options 2,960,000 Outstanding *Strike price ~ 0.16c Broker Warrants 766,384 Fully Diluted 79,638,502 Quebec Individuals Ownership Institutions and Other 14% Management stakeholders 6% 44% Principal Shareholders 36% 6
www.xterraresources.com TSX-V : XTT Frankfurt: XTR 7
www.xterraresources.com TSX-V : XTT Frankfurt: XTR The Grog property is characterized by the geology of Grog Brook Group and ➢ comprises of 38 claims covering 280 km 2 along the Mackenzie Fault. The Grog Brook Group is exposed mainly to the west of the McKenzie Gulch ➢ Fault and the Berry Brook Fault comes touching the east side of the Grog property. The geology exposed in the trenches of the 2017 work program at Grog exposed ➢ heavily deformed siltstones, conglomerates and quartzites which had been intruded by several different phases of felsic intrusives. The Northwest property comprising of the Rim and Bonanza sectors present ➢ quartz veins in sedimentary rocks with the presence of free gold. The regional till survey completed at Northwest proved that very high gold grain ➢ counts were detected in very near vicinity of veins, suggestive of a very proximal signal developed with almost no glacial displacement. Thus highlighting numerous exploration targets. 8
www.xterraresources.com TSX-V : XTT Frankfurt: XTR 9
www.xterraresources.com TSX-V : XTT Frankfurt: XTR Mag – First Vertical Derivative Radiometric – Highlighting zones high in Potassium 10
www.xterraresources.com TSX-V : XTT Frankfurt: XTR 11
www.xterraresources.com TSX-V : XTT Frankfurt: XTR Radiometric – Highlighting Potassium high and Grog Showing Drill target #3 Grog Showing Grog Showing Circular zone highlighting a radiometric high in Potassium The zonation occurs over a 6 km halo, indicating a potentially large mineral system 12
www.xterraresources.com TSX-V : XTT Frankfurt: XTR Trench 8 Grog Showing Bellevue North Bellevue South Dyke Swarm Drill target #3 Grog Showing Drill target #5 Drill target #4 13
www.xterraresources.com TSX-V : XTT Frankfurt: XTR 57 Line Kilometre Induced Polarization Results Highlighting 2 distinct trends of high chargeability anomalies Trench 8 Grog Showing Grog Showing Bellevue North Bellevue South High Priority Drill Targets Dyke Swarm 0.1 g/t Au, 28,5 g/t Ag, 0.17% Cu 0.1 g/t Au, 28.5 g/t Ag, 0.17% Cu 14
www.xterraresources.com TSX-V : XTT Frankfurt: XTR IP Pseudo Sections highlighting Low Resistivity with Chargeability Anomalies at the Grog Target Line L43 ? ? 300 m Grog Showing Line L41 Note: No drilling has ever been completed ? 15
www.xterraresources.com TSX-V : XTT Frankfurt: XTR Grog drill layout in section and plan view Additional samples ranging from 0.1 g/t up to 2.68 g/t Au Concentration of gold Concentration of gold values values ranging from ranging from 0.1 g/t Au to 1.68 0.1 g/t Au to 3.7 g/t Au g/t Au 16
www.xterraresources.com TSX-V : XTT Frankfurt: XTR Bellevue North – Trench 20 drill layout in section and plan view Trench 20 Planned drill holes 17
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