Ontario’s Next Copper Discovery Copper-Zinc-Silver-Gold VMS Camp July 2019 | TSX.V: CPL
Disclaimer Cautionary Statement These presentation materials include certain statements which may be deemed to be “forward - looking statements” . All statements, other than statements of historical facts, that address such matters as future exploration, drilling exploration, activities, potential mineralization and resources and events or developments that the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements include market prices, exploitation and exploration success, continued availability of capital and financing, and assume no obligation to update or revise forward-looking statements as results of new information to reflect actual results, future events or otherwise. Any forward-looking statements are expressly qualified in their entirety in this cautionary statement. This is not to be construed as an offer to buy or sell securities of Copper Lake Resources Ltd. www.copperlakeresources.com TSX.V: CPL 2
Portfolio of Properties Advanced exploration stage properties all located in Ontario • Marshall Lake Copper-Zinc-Silver-Gold Property • Norton Lake Magmatic Nickel-Copper-Cobalt-PGM Project • High-Grade Gold Properties: • Mine Lake • Queen Alexandria • Grand Chibougamau • Centrefire-Redhat www.copperlakeresources.com TSX.V: CPL 3
Company Highlights • Marshall Lake Advanced VMS Property: high-grade copper stringer intercepts in drilling along with high-grade silver; historic resource in the process of updating; currently developing a 3D model. • Norton Lake Nickel-Copper-Cobalt-PGM project located in the Ring-of-Fire , Ontario has a NI 43-101 compliant Measured & Indicated Resource: • 2.26 Mt @ 0.67% Ni, 0.61% Cu, 0.03% Co & 0.46 g/t Pd. • Four high-grade gold properties located near Kenora, Ontario have high-grade historic assays. www.copperlakeresources.com TSX.V: CPL 4
Capital Structure – April 30, 2019 (Q2) Shares Issued 119,552,185 Institutional Shareholders Options @ $0.051 8,850,000 Dundee Resources Limited 10.5% Convertibles @ $0.10 1,125,000 Insider Ownership Warrants @ $0.07 (exp. Dec 2019 22,230,936 – Sept Paul McGroary 11.2% 2021) Edward Yurkowski 10.2% Fully Diluted 152,608,121 Other insiders and consultants 11.4% Market Cap (based on $0.02) $2.4 M 2018 share price range $0.015 - $0.095 Total Shares 43.3% www.copperlakeresources.com TSX.V: CPL 5
MARSHALL LAKE VMS CAMP www.copperlakeresources.com TSX.V: CPL 6
Marshall Lake VMS Advanced Copper-Zinc-Silver-Gold Project • 22 km north of CN rail, 310 km from Thunder Bay • Approximately 100 sq km in size • 400+ historical holes • Completed 14 holes in 2018 (2,868 metres) • Truck-accessible year round • 75% interest with option to earn up to 87.5% • Numerous copper-rich stringer targets located at surface and in drilling • High-grade copper stringer intercepts in drilling www.copperlakeresources.com TSX.V: CPL 7
Marshall Lake Copper-Gold Project Significant Historical Drill Results Zone Target Depth Metres % Cu (% Zn) g/t Ag (g/t Au) Main* #1 36.8m 10.2m 1.25% Cu, 1.04% Zn 56.1 g/t Ag, 0.16 g/t Au *includes 4.0m 1.93% Cu Main #1 28.0m 9.7m 1.19% Cu, 3.22% Zn 79.5 g/t Ag, 0.20 Au Main #1 50.8m 7.4m 2.97%Cu, 10.98% Zn 219.7 g/t Ag, 0.34 g/t AU Main #1 84.0m 6.1m 1.89% Cu, 4.03% Zn 145.69 g/t Ag Main #1 70.4m 5.5m 2.28% Cu, 9.79% Zn 124.4 g/t Ag Gazooma #2 7.0m 28.0m 1.14% Cu 22.5 g/t Ag, 0.17 g/t Au Gazooma #2 3.0m 27.1m 2.03% Cu 37.9 g/t Ag, 0.31 g/t Au Gazooma #2 2.0m 28.7m 1.30% Cu 24.7 g/t Ag, 0.29 g/t Au Gazooma #2 23.9m 14.8m 2.46% Cu 47.6 g/t Ag, 0.34 g/t Au Gazooma #2 1.5m 21.3m 0.83% Cu 15.7 g/t Ag, 0.12 g/t Au Teck Hill #3 52.0m 44.5m 0.93% Cu 10.1 g/t Ag RM #4 70.0m 24.0m 1.74% Cu 8.9 g/t Ag, 0.32g/t Au RM #4 149.0m 33.0m 1.53% Cu 6.8 g/t Ag, 0.13 g/t Au RM #2 84.0m 70.0m 0.56% Cu 2.7 g/t Ag www.copperlakeresources.com TSX.V: CPL 8
Marshall Lake: Targets & VTEM Anomalies VTEM Conductors Mineralized Zones Enlarged Map Property Boundary N Marshall Lake Adnarod Billiton 2 Main Billiton Zone 6 South Billiton 1 LEGEND Felsic Sill 72 Occurrence 5 4 Summit Lake Pluton (Tonalite) Jewel Box 66 Occurrence Summit Lake Pluton (Marginal) Ultramafic intrusive RM Zone Felsic Intrusive Cherry Hill Zone Felsic Metavolcanic Metasedimentary Gazooma Zone Clastic Metasedimentary 2 Tuffacious Sandstone Intermediate Metavolcanic Lin Trend 3 Teck Hill Zone 0 2 4 6km www.copperlakeresources.com TSX.V: CPL 9
Marshall Lake VMS Copper-Zinc-Silver-Gold Project VTEM-001 Conductor: South Billiton • Untested VTEM Modelled 10.20 m @ 1.25% Cu, Plate 1.04% Zn & 56 g/t Ag • Drill Hole MAR-07-11 Including 4 m @ 1.93% Cu drilled above and to side of the VTEM conductor • Intersected massive sulphides • Plate open and untested down dip at South Billiton • Shallow: <150 m depth www.copperlakeresources.com TSX.V: CPL 10
COPPER LAKE RESOURCES LTD Marshall Lake VMS Copper-Zinc-Silver-Gold TSX-V CPL; Frankfurt W01 Project VTEM-002 Conductor: Gazooma • Conductor: Open and untested 4 m @ 1.73% Cu, 0.27g/t Au, 2018 exploration program: & 34g/t Ag 25.30m @1.07% Cu, 20.1 g/t 3 m @ 1.88% Cu, 0.62 g/t Au, & 42 g/t Ag Ag from a depth of 1.05m, 10 m @ 1.18% Cu, 0.26 g/t Au, & 28 g/t Ag including 13.85m @ 1.54% Cu, 28.3 g/t Ag from 11.20m www.copperlakeresources.com TSX.V: CPL 11
COPPER LAKE RESOURCES LTD Marshall Lake VMS Copper-Zinc-Silver-Gold TSX-V CPL; Frankfurt W01 Project VTEM-003 Conductor: Teck Hill • Drilling at Teck Hill intersected edge of conductor • Hole TK-07-02 drilled above plate hit 0.75 m @ 1.20 g/t Au, 5.20% Cu • 479,300 t @ 1.04% Cu (historical resource, 4.25 m @ 3.79% Cu, 0.27 g/t non-compliant) Au & 38 g/t Ag 4.70 m @ 2.34% Cu, 0.11 g/t Au & 25 g/t Ag www.copperlakeresources.com TSX.V: CPL 12
Marshall Lake Copper-Zinc-Silver-Gold Project Gold-Rich Zones: Adnarod Zone • Drill results up to 3.81 m @ 14.54 g/t Au • Only tested by 2 drill holes • Channel sampling: Up to 0.49 g/t Au, 1.62% Cu • Mapped over 350 m strike length • Folded and east plunging • Quartz-sericite alteration • Massive sulphide lenses • Plus Billiton Two Zone: historic drilling - 1.28 m @ 2.06 g/t Au, 4.90% Cu www.copperlakeresources.com TSX.V: CPL 13
Marshall Lake VMS Copper-Zinc-Silver-Gold Project Gold-Rich Zones: Lin Structure • 1.2 km strike length • Quartz-sericite alteration, quartz veins 2016 Grab Samples Au (g/t) • Massive sulphides < 0.2 0.2 to 0.25 • Chip Sampling: Up 0.25 to 0.5 0.5 to 1 to 1.05 g/t Au, >1 2.82% Zn www.copperlakeresources.com TSX.V: CPL 14
Norton Lake Magmatic Nickel-Copper-Cobalt-PGM Property www.copperlakeresources.com TSX.V: CPL 15
Norton Lake Magmatic Nickel-Copper-Cobalt- PGM Property • Located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario • NI 43-101 compliant resource: • Measured & Indicated: • 2.26 Mt @ 0.67% Ni, 0.61% Cu, 0.03% Co & 0.46 g/t Pd • Inferred: • 0.20 Mt @ 0.66% Ni, 0.59% Cu, 0.59% Co, 0.47g/t Pd • Significant extension opportunities • Parallel mineralised trend identified • 71.41% interest through JV www.copperlakeresources.com TSX.V: CPL 16
High-Grade Gold Properties www.copperlakeresources.com TSX.V: CPL 17
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