Copper Lake Presentation July 8 2019

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 “forwardlooking 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.

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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

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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.

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Capital Structure – April 30, 2019 (Q2) Shares Issued

119,552,185

Institutional Shareholders

Options @ $0.051

8,850,000

Dundee Resources Limited

Convertibles @ $0.10

1,125,000

Insider Ownership

Warrants @ $0.07 (exp. Dec 2019– Sept

22,230,936

2021)

Fully Diluted Market Cap (based on $0.02) 2018 share price range

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152,608,121 $2.4 M $0.015 - $0.095

10.5%

Paul McGroary

11.2%

Edward Yurkowski

10.2%

Other insiders and consultants

11.4%

Total Shares

43.3%

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MARSHALL LAKE VMS CAMP

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Marshall Lake VMS Advanced Copper-Zinc-Silver-Gold Project • • • • • • • •

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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

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Marshall Lake Copper-Gold Project Significant Historical Drill Results Zone

Target

Depth

Main*

#1

36.8m *includes

Metres 10.2m 4.0m

% Cu (% Zn)

g/t Ag (g/t Au)

1.25% Cu, 1.04% Zn

56.1 g/t Ag, 0.16 g/t Au

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

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Marshall Lake: Targets & VTEM Anomalies VTEM Conductors

Mineralized Zones

Enlarged Map

Property Boundary

N

Marshall Lake

Adnarod

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RM Zone Gazooma Zone

Teck Hill Zone

Main Billiton Zone South Billiton 1 72 Occurrence 66 Occurrence

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Jewel Box 4

Billiton 2

LEGEND Felsic Sill Summit Lake Pluton (Tonalite) Summit Lake Pluton (Marginal) Ultramafic intrusive Felsic Intrusive Felsic Metavolcanic Metasedimentary Clastic Metasedimentary Tuffacious Sandstone Intermediate Metavolcanic

Cherry Hill Zone 2

3

Lin Trend 0

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4

6km

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Marshall Lake VMS Copper-Zinc-Silver-Gold Project VTEM-001 Conductor: South Billiton • Untested VTEM Modelled Plate

10.20 m @ 1.25% Cu, 1.04% Zn & 56 g/t Ag Including 4 m @ 1.93% Cu

• Drill Hole MAR-07-11 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

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Marshall Lake VMS Copper-Zinc-Silver-Gold Project VTEM-002 Conductor: Gazooma •

4 m @ 1.73% Cu, 0.27g/t Au, & 34g/t Ag 3 m @ 1.88% Cu, 0.62 g/t Au, & 42 g/t Ag 10 m @ 1.18% Cu, 0.26 g/t Au, & 28 g/t Ag

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COPPER LAKE RESOURCES LTD TSX-V CPL; Frankfurt W01

Conductor: Open and untested

2018 exploration program: 25.30m @1.07% Cu, 20.1 g/t Ag from a depth of 1.05m, including 13.85m @ 1.54% Cu, 28.3 g/t Ag from 11.20m

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Marshall Lake VMS Copper-Zinc-Silver-Gold Project VTEM-003 Conductor: Teck Hill

4.25 m @ 3.79% Cu, 0.27 g/t Au & 38 g/t Ag

COPPER LAKE RESOURCES LTD TSX-V CPL; Frankfurt W01

•

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, non-compliant)

4.70 m @ 2.34% Cu, 0.11 g/t Au & 25 g/t Ag

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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

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Mapped over 350 m strike length

•

Folded and east plunging

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Quartz-sericite alteration

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Massive sulphide lenses

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Plus Billiton Two Zone: historic drilling - 1.28 m @ 2.06 g/t Au, 4.90% Cu

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Marshall Lake VMS Copper-Zinc-Silver-Gold Project Gold-Rich Zones: Lin Structure

• 1.2 km strike length

• Quartz-sericite alteration, quartz veins • Massive sulphides

• Chip Sampling: Up to 1.05 g/t Au, 2.82% Zn

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2016 Grab Samples Au (g/t) < 0.2 0.2 to 0.25 0.25 to 0.5 0.5 to 1 >1

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Norton Lake Magmatic Nickel-Copper-Cobalt-PGM Property

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Norton Lake Magmatic Nickel-Copper-CobaltPGM 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

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High-Grade Gold Properties

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Northwest Ontario Greenstone Belt Gold Properties • • • • • • • •

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Patricia and Kenora Districts All-year access Ability to achieve 100% earn-in High-grade gold vein and banded iron Intercepts in drill and channel samples Adit and shaft workings Low-cost exploration Additional staking potential

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High-Grade Gold Properties: Option to Own 100% Property

Location

Description

Assays

2018 Plans

Mine Lake

230 km northwest of Thunder Bay

1500 m long, 50 m wide.

3 shear zones.

Quartz-Fe CO3 veins.

Quartz-sericite alteration.

Channels: • 3.2 m @ 6.90 g/t Au • 0.5 m @ 15.40 g/t Au • Assays up to 55.6g/t +VG

Summer exploration program planned for 2019

Queen Alexandria

47 km south of Dryden

Past producer via 1904 shafts (2).

Quartz veining in chlorite-carbonate alteration averaging 0.5 m wide located within a major NNE-SSW shear zone.

Grab sampling: • up to 28.8 g/t Au, 140.9 g/t Au and 89.3 g/t Au

Summer exploration program planned for 2019

Grand Chibougamau

65 km southeast of Kenora in Kakagi Lake – Rowan Lake Greenstone Belt

Two main gold mineralized zones – the North Zone and the Main Zone.

Grab sampling: • Main Zone gold assays of up to 2.40 g/t and 6.51 g/t • North Zone up to 21 g/t

Summer exploration program planned for 2019

Centrefire-Redhat

40 km northeast of Dryden within mafic rocks

Original target was Redhat VMS by Phelps Dodge 15.2 m @ 0.39% Cu. Prospected and identified gold on surface for 4 km.

Grab sampling: • Centrefire Zone assays up to 23 g/t Au

Summer exploration program planned for 2019

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Northwest Ontario Greenstone Belt Mine Lake Gold Property Thomas Lake

Grab samples: g/t Au

62.8g/t Au Stewart Contact Zone

3.2m@6.90g/t Au

Channel samples: g/t Au Shear Zone

Mine Lake Mafic Intrusions

55.6g/t Au 0.5m@15.4g/t Au

Felsic Volcs Mafic Volcs

29.0g/t Au

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Directors & Management Terry MacDonald, CPA, CA, Director and CEO, A Chartered Accountant with over 30 years’ experience in financial and resource sectors

Lisa Korinek, MBA, Chief Financial Officer, Wide-ranging experience in FMCG sector

Gary O’Connor, MAus IMM, Director, Co-CEO, Moneta Porcupine Mines Inc. Former Vice-President, Exploration at Dundee Resources Paul McGroary, Director, Seed Investor of Marshall Lake Project and entrepreneur Dr. Jeffrey Malaihollo, FAus IMM, Director Chairman, Edenville Energy Plc, UK-listed coal producer

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Contact Us Terry MacDonald, CEO T: +1-416-5613626 E: tmacdonald@copperlakeresources.com Cathy Hume, CHF Capital Markets T: +1-416-868-1079 x 231 E: cathy@chfir.com

Social Media: @lake_copper

@CopperLakeResources

@Copper Lake Resources Ltd.

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