Corporate Presentation

GOLDEN SHARE TSXV : GSH

Corporate Presentation May 2020

www.GoldenShare.ca

Forward Looking Statements Some of the statements contained in this presentation are “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as; ability to raise financing for further exploration and development activities; risks relating to the estimates of reserves, deposits and production costs; extraction and development activities; the risk of commodity price fluctuations; political regulatory and environmental risks; and other risks and uncertainties in the reports and disclosure documents filed by Golden Share Resources Corporation from time-to-time with Canadian securities regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Complete Company reports including management’s discussion and analysis, financial statements and notes can be found on the Company’s website at www.GoldenShare.ca and on SEDAR at www.sedar.com The technical information in this MD&A has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Wes Roberts M.Sc., P.Eng., a Qualified Person under NI 43-101.

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Overview Golden Share Resources Corporation (“Golden Share”) is a junior natural resource company listed on the TSX Venture Exchange (“TSXV”) with the trading symbol as “GSH”.

Golden Share is Focusing on mineral exploration and development in Ontario, Canada, a mineral rich and politically stable jurisdiction.

Golden Share is led by an experienced management team, Board of Directors and Advisory Board made up of professional engineers, geologists and entrepreneur who have significant experience at every stage of mineral exploration, development and production.

At Golden Share, we believe that systematic exploration leads exciting discovery which potentially generate best value for the Company, shareholders and all stakeholders.

Two priority exploration tasks in next 12 months: 1. Golden Share will be re-evaluating the exploration objective to assess the possibility of mineral resources containing one million or more ounces of gold from several open-pitable deposits within Band-Ore Project.

2.

The Company will also be completing the priority task of performing drill tests for the best primary targets within Ogoki and Kagiami projects, which could potentially lead to exciting discoveries.

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Projects Portfolio ➢ Two gold projects (Band-Ore and Berens River); ➢ One diamond project (Ogoki); ➢ Two projects (Kagiami and Sandridge) with base and/or precious metal exploration potential. ❖ Band-Ore Projects contains two shallow non-NI 43-101 compliant historical mineral resources as 155,600 ounces of gold (705,790 tones at 6.86 g/t Au) and 95,671 ounces of gold (616,000 tones at a grade of 4.83 g/t Au and 7.71 g/t Ag). ❖ Berens River Gold Project hosts a past producing gold mine (1939-1948) at an average grade of 9.6g Au/t and a non-NI 43101 compliant resources (1989) as 43,000 ounces of gold and 981,000 ounces of silver (174,000 tones at a grade of 7.72 g/t Au and 175.22 g/t Ag). ❖ Planned drilling at Ogoki, Kagiami and Sandridge projects, could potentially lead to exciting discoveries.

Note: The Band-Ore and Berens River mineral resource estimates are considered to be ‘historical’ in nature. Golden Share has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with NI 43-101. Golden Share is not treating the historical estimate as a current mineral resource or mineral reserve; it is presented for informational purposes only and should not be relied upon.

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Band-Ore

Note: The Band-Ore mineral resource estimates are considered to be ‘historical’ in nature. Golden Share has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with NI 43-101. Golden Share is not treating the historical estimates as a current mineral resource s or mineral reserves; they are presented for informational purposes only and should not be relied upon.

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Band-Ore ➢ 100% owned by Golden Share, is approximately 65 km west of Thunder Bay, Ontario. ➢ The project is located very close to infrastructure with provincial highway, railway line and high voltage power line all crossing various portions of the project. ➢ The project consists 16 patent claims, one mining lease claim and 109 MLAS cell claims. ➢ The project is hosted in the Shebandowan Greenstone Belt (SGB), part of the Wawa Subprovince. The SGB displays a classic Archean greenstone belt sequence and subsequent deformation making it comparable to other notable greenstone belts host to the Hemlo, Timmins and Kirkland Lake gold camps.

Two significant zones of gold mineralization have been outlined on the Band-Ore Project within approximately 150 meters from surface.

1. Band-Ore Main Zone, first discovered in the 1930’s, contains a shallow non-NI 43-101 compliant historical mineral resource of 155,600 ounces of gold (705,790 tones at 6.86 g/t Au).

2. Band-Ore Zone No. 4, discovered in 1981, 800m southwest of the Band-Ore Main Zone, contains a shallow non-NI 43101 compliant historical mineral resource of 95,671 ounces of gold (616,000 tones at a grade of 4.83 g/t Au and 7.71 g/t Ag).

Given the size of the project area, the number of recognized structural zones with associated gold occurrences and alteration and lack of extensive drill testing, an exploration goal of defining a mineral resource of one million or more oz of gold from several open-pitable deposits within the Band-Ore Project is considered to be a reasonable exploration objective. To re-evaluate the exploration objective is another priority task taken to account by Golden Share.

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Ogoki ➢ 100% owned by Golden Share. ➢ Located in the James Bay Lowlands of Ontario, approximately 200km southwest of the DeBeers’ Victor Diamond Mine, which was closed in 2019. ❖ DeBeers warned in 2014 that mined-diamond production will begin a permanent decline in 2020 if new mines are not found.(Bain & Co., Global Diamond Report 2017) ❖ Argyle Diamond Mine of Rio Tinto will be closed in 2020. As the biggest diamond producer by volume, the Argyle mine is at the center of a global oversupply of cheap diamonds, eroding profits for nearly everyone, RBC Capital Markets predicted the closure could kick-start prices (diamond) that have waned since 2011.(Bloomberg, 10/22/2019) ❖ Short-term challenges caused (diamond) mining revenue to shrink 25% in 2019...The (diamond) industry will have a stronger chance to rebalance and grow in 2021.(Bain & Co., Global Diamond Report 2019) TSXV: GSH

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Ogoki Cluster ➢ Ten of Ogoki magnetic targets form a distinct cluster or field along a 20 km long northwest trending axis, underlain

by Paleozoic sedimentary rocks and similar in size and orientation to the Attawapiskat kimberlite field hosting the Victor Diamond Mine 200km to the northeast. ➢ In May 2019, Golden Share has signed an Exploration Agreement with Marten Falls First Nation. ➢ In June 2019, Golden Share has received the Exploration Permits to drill test the Ogoki Cluster targets.

Note: The reader is cautioned that the information with respect to the Attawapiskat kimberlite field has not been verified and that this information is not necessarily indicative of potential mineralization that may be discovered at the Ogoki Project.

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Sandridge ➢ 100% owned by Golden Share, approximately 150 kilometres east of Thunder Bay, Ontario. ➢ Approximately 8 kilometers northwest of the former Winston Lake mine, where a substantial infrastructure is in place. ➢ Sandridge is hosted in the Winston Lake Greenstone Belt (“WLGB”) which hosts three past-producing mines: Zenith, Winston Lake and Pick Lake. ➢ Approximately 180,000 tons at 16.6% Zn was mined at the Zenith mine. Past production at the Winston Lake mine was approximately three million tons at 14.1%Zn and 1.0% Cu. Past production at the Pick Lake mine was 172,956 tons at 9.9% Zn and 0.7% Cu. ➢ Historical geophysical and geochemical data suggest that the favorable WLGB stratigraphy hosting the Winston Lake and Pick Lake deposits extends northwest into the Sandridge Project area. ➢ In July 2019, Golden Share has received the Exploration Permit to drill test the VTEM target.

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52 Weeks Price Performance

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Share Structure Symbol:

TSXV : GSH

Shares Outstanding:

38,621,345

Options:

3,720,000

Warrants:

-

Fully Diluted:

42,341,345

52 Weeks High:

0.16

52 Weeks Low:

0.03

Last Closing (May 22):

0.05

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GOLDEN SHARE TSXV: GSH www.GoldenShare.ca