Norra Metals Corp. Focused on unlocking mineral wealth in Norway - PowerPoint PPT Presentation

Norra Metals Corp. Focused on unlocking mineral wealth in Norway Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA

Key Management & Directors Mike Devji | CHAIRMAN, CEO & DIRECTOR An e��e�ienced financie� �f ��blic c�m�anie�� M�� De�ji�� m��� �ecen� ��cce�� �a� a� Vice P�e�iden� �f ORKO SILVER CORP and was responsible for raising more than $50 million to explore the LA PRECIOSA silver deposit in Durango, Mexico. Orko Silver was sold to COEUR MINING in 2013 for $384 million. Prior to that, Mr. Devji led a group of investors who financed a 40% interest in the SOUTH KEMESS GOLD-COOPER in British Columbia, Canada. That interest was subsequently sold for over $400 million. George Cavey, P.Geo | VP EXPLORATION & DIRECTOR Mr. Cavey has over 40 years in exploration and consulting as the president of OREQUEST CONSULTANTS. Past President of the Geoscientists Canada. The 2004 recipient of the APEGBC C.J. Westerman Award. Also the recipient of the 2010 Canadian P��fe��i�nal Ge��cien�i�� A�a�d� Canada�� highe�� h�n�� f�� a P��fe��i�nal Ge��cien�i��� C�n��l�an� �� �he BCSC and �he TSX Venture Exchange. Former Vice President Exploration for ORKO SILVER who discovered the 264 million ounce LA PRECIOSA silver deposit. He was a member of the Canadian Securities Administrators mining advisory committee (MTAMC) for many years. Cyrus Driver, CA | CHIEF FINANCIAL OFFICER & DIRECTOR Douglas Cavey | VP Business Development, CSR Tag Gill, B.A.Sc., CGA | DIRECTOR Blair Schultz, B.Math, Acc. Dir. | ADVISORY BOARD 2 August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA Mineral Exploration

Corporate Overview TSX-V: NORA | Frankfurt: 1KO www.norrametals.com TRADING INFORMATION SHARE STRUCTURE $0.015 - $0.145 CDN 52 Week Low/High 53,750,173 Issued & Outstanding $0.10 - $0.115 CDN Current Trading Range Options 1,670,000 (Average exercise price $0.43) Warrants (to Nov 2021) 9,963,334 SHARE OWNERSHIP 65,383,507 Fully Diluted Management & Associates ~25% Notes - Name change from OK2 Minerals Ltd. completed Feb 14, 2019 including a 3/1 share consolidation EMX Royalty - Please see Cautionary Language contained in the Forward ~9.9% Looking Statements (page 19) 3 Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 3

Management Highlights Proven Wealth Creators - Exit Opportunities for Investors Management has a proven track record of providing exit opportunities for shareholders ORKO SILVER | taken over by Coeur Mining La Preciosa Silver Deposit PRIMARY METALS | taken over by Sojitz Inc. Panasqueira Tungsten Mine ST PHILLIPS RESOURCES | taken over by Royal Oak Mines Kemess South Copper/Gold Deposit 4 Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 4

Norway Highlights Two High Quality Properties* Norway Bleikvassli • Bleikvassli- Former massive Cu-Zn-Pb-Ag-(Au) sulphide Zn-Pb-Cu-Ag-(Au) producer. Drill ready Meråker • Mer å ker- extensive area of Au Cu-Zn-Au enriched VMS style Cu-Zn + / - Au mineralized occurrences. Past small scale mining Oslo Stockholm * The two projects were acquired from EMX Royalty Corp (see News Release dated Dec 13, 2018 for details) 5 Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 5

Norway Highlights Two High Quality Properties • National Mineral Strategy Objectives • Supportive Mining Policy • Very Low Power Costs • High Labour Productivity ? • Metal Endowment • Culture of Mining • Developing Region • Great Exploration Upside 6 Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 6

Bleikvassli Property Nor�a��s las� major me�al prod�cing mine - In the Northern Norwegian Caledonides District, discovered in ���� and �emained a ���d�cing di���ic� �h���gh la�e ������� - Operating mine flooded in Sept 1997 - Deposit has similarities to VMS deposits -Three key types of mineralization at Bleikvassli: -Massive pyritic Zn-Pb-Cu mineralization -Massive pyrrhotite, Cu rich Zn-Pb -Vein/disseminated wallrock mineralization- reported to contain Au/Ag mineralization -Despite past production recovering gold , precious metal content never systematically assessed across Bleikvassli deposit or area - Similar geology and mineralization to the Lundin Mining, Zinkgruvan deposit in Sweden. Lundin Mining-Zinkgruvan deposit: Proven & Probable Reserves + (06/30/ 17): -Zinc-rich mineralization: -11.9 mt @ 7.2% Zn, 2.9% Pb, 63 g/t Ag + -Copper-rich mineralization: -5.3mt @ 1.8% Cu, 0.2% Zn, 26 g/t Ag + * Lundin Mining Reserves and Resources June 30, 2017 : The Zinkgruvan Mine provides context for the Norra Bleikvassli project but is not necessarily indicative that the Bleikvassli project hosts similar mineralization and should not be expected that similar resources can and will be defined at Bleikvassli in the future . 7 Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 7

Bleikvassli Property Location -Excellent access via paved roads, near town of Bleikvassli, ~6000ha in size; -Excellent infrastructure, 50 km south of industrial/ mining town of Mo-I-Rana (deep water port/ airport) History - Development and test mining in 1947 - Flotation facility completed in 1957 with initial reserves of 2.6Mt @2.4% Pb, 4.2% Zn, 0.22% Cu * - -In 1991, production was increased from 250kt to 300kt a year Mine site - Limited exploration in the early 90s on the other zones to the north and south - Mine flooded on Sept 26th 1997 with a reported three years of reserves - Dewatered in 1998, shut down due low metal prices - Historic resources remaining at time of mine closure: 720Kt@ 5.17% Zn, 2.72% Pb, 0.27% Cu, 45g/t Ag, 0.2g/t Au * * Geological Survey of Norway (NGU) Ore Database, Deposit Area 1832-012, Feb 9, 2017. Note that Norra Metals, is not aware of the key assumptions, parameters or methods, including data verification techniques used by the NGU to prepare these historic estimates and has not performed sufficient work to verify these published resource numbers and therefore is not treating the historical estimates as current mineral resources . Please review Cautionary Language contained in the Forward Looking Statements slide at the end of this PowerPoint 8 Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 8

Bleikvassli Property Metal Equivalents Zn Cu Pb Au Ag ZnEq CuEq PbEq Mining History Tonnes % % % g/t g/t % % % Historically Mined not 1957-1997 5 million 4.00 0.15 2.00 25.0 6.11 2.83 8.96 reported Remaining Material (NGU)* 720,000 5.17 0.27 2.72 0.20 45.0 8.37 3.88 12.3 Metal equivalent (Eq) commodity prices used (assuming 100% recovery) • Zinc (Zn) $1.10/lb • Copper (Cu) $2.80/lb • Lead (Pb) $0.90/lb • Silver (Ag) $18/oz • Gold (Au) -not included in metal equivalents * Historical resources and production numbers are from the Geological Survey of Norway (NGU) Ore Database, Deposit Area 1832-012, Feb 9, 2017. Note that Norra Metals, is not aware of the key assumptions, parameters or methods, including data verification techniques used by the NGU to prepare these historic estimates and has not performed sufficient work to verify these published resource numbers and therefore is not treating the historical estimates as current mineral resources.Please review Cautionary Language contained in the Forward Looking Statements slide at the end of this PowerPoint 9 Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 9

Bleikvassli Property • ~25 kilometres of underground workings; drifts, raises, shafts (in blue) • ~Five million tonnes of exploited ore (in red) 1957-97, average grade 4.0% Zn, 2% Pb, 0.15% Cu, and 25g/t Ag * • Two main mineralized lenses 400 & 1500m strike length from 2-20 meters thick * Geological Survey of Norway Ore Database, Deposit Area 1832-012, Feb 9, 2017. Note that Norra has not performed sufficient work to verify the published historic production records reported on this slide but considers them relevant and reliable. Please review Cautionary Language contained in the Forward Looking Statements slide at the end of this PowerPoint. 10 Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 10

Bleikvassli Property 4.8% Zn, 0.07%Cu, 2.3%Pb, 38g/t Ag over 18m 5.6% Zn, 0.72%Cu, 3.5%Pb, 54g/t Ag over 4m 8.5% Zn, 0.35% Cu, Target Areas 5.2% Zn, 0.23% Cu, 2.0% Pb, 1.5% Pb, 70g/t Ag 22g/t Ag over 27m over 3m • 1400 drill holes, results available for ~350 holes. • Many unmined areas with numerous Cu, Pb, Zn, Ag bearing drill intercepts ( true widths not reported ). • Excellent potential for the discovery of more mineralization • Large national drill core archive at Lokken, much of the historic Bleikvassli core available for viewing 11 and sampling Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 11

Bleikvassli Property Mineral Exploration August 2020 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E TSX-V : NORA 12