DEFINING THE PATH TO BECOMING A MINEResource growth through focused exploration

September 2019

SAFE HARBOUR STATEMENT

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The information set forth in this document contains “forward-looking statements”. Statements in this document, which are

not purely historical, are forward-looking and include statements regarding beliefs, plans, expectations or intentions

regarding the future.

Except for the historical information presented herein, matters discussed in this document contain forward-looking

statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any

future results, performance or achievements expressed or implied by such statements. Statements that are not historical

facts, including statements that are preceded by, followed by, or that include such words

as“estimate,”“anticipate,”“believe,”“plan”, “intend”, “expect”,“may” or “should” or similar statements

are forward-looking statements. Risks and uncertainties for the company include, but are not limited to, the risks associated

with the impact of general economic conditions in countries in which the Company conducts business, the impact of

competitive products and pricing, product demand and market acceptance, new product development, the continuation and

development of key customer and supplier relationships, and the availability of high quality, qualified personnel and

management.

Other risks include but are not limited to factors affecting development and expansion activities generally including access to

capital to meet all of the Company’s financial requirements, and the Company’s ability to control costs. There can be no

assurance that the company’s efforts will succeed and the Company will ultimately achieve sustained commercial success.

These forward looking statements are made as of the date of this document, and the Company assumes no obligation to

update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the

forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in

this document are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be

accurate.

This information contained in the document has been prepared by management of the company who takes full responsibility

for its contents. This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the

Company in any jurisdiction.

WHY RED PINE EXPLORATION?FLAGSHIP WAWA GOLD PROJECT IN ONTARIO

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▪ Large property (6,519 ha) in a prolific

mining jurisdiction

▪ 2 resources estimates completed to date

▪ 6 exploration targets

▪ Multi-million ounces potential

▪ Surluga Deposit (May 31, 2019):

▪ 230,000 ounces @ 5.47 g/t gold in

the Indicated Category

▪ 396,000 ounces at 5.22 g/t in the

Inferred category

▪ Accessible using historical infrastructure

▪ Open in all directions

▪ Maiden high-grade Minto Mine South

resource (Nov., 2018):

▪ 100,000 oz gold @ 6.8 g/t (Indicated and

Inferred)

▪ Open in all directions

▪ Company funded to current diamond

drilling program at Surluga and new

Cooper discovery

CAPITAL MARKETS PROFILE

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Ticker TSXV:RPX

Share Price (as of Sept. 3, 2019) C$0.04

Basic Shares Outstanding 369.2M

Fully Diluted Shares Outstanding 458.2M

Market Capitalization (Basic) C$14.8M

Cash C$2.4M

Enterprise Value C$12.4M

Mackenzie Investments 4.4%

U.S. Global Investors 2.6%

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Volume (M) Share Price (C$)

Capital Structure Share Ownership

Share Price Performance (Last 12 Months)

PROVEN TEAM

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QUENTIN YARIE, P.Geo.PRESIDENT , CEO AND DIRECTOR

Geophysicist with >25 years mineral

exploration experience; involved in

Malartic Mine discovery; Noront’s Nickel

Deposit discovery; KWG Chromite

deposit discovery

JEAN-FRANÇOIS MONTREUIL,

Ph.D.CHIEF GEOLOGIST

>10 years experience defining complex

hydrothermal systems related to base-

metals, gold and uranium deposits in

Canada

TARA GILFILLAN, CPA, ICD.DCFO

Finance executive and entrepreneur

with >20 years experience in mining

sector. President at Optimize Group Inc.

MIA BOIRIDY, M.Sc.INVESTOR RELATIONS AND CORPORATE

DEVELOPMENT

> 20 years experience in strategic and

operational management; developing

and growing stakeholder value

DREW ANWYLL, M.Eng., P.Eng.DIRECTOR

Mining engineer with extensive experience

in operations start-up, construction and

project management of open pit and

underground mines. Former Senior VP–

Technical Services at Detour Gold Corp.

ANDREW BAUMEN, P.Eng.DIRECTOR

Innovative leader with recognized

achievements in operational open-pit and

underground mine management and

strategic business planning. Former VP

Technical Services at Barrick Gold Corp.

DR. ROBERT DODDS, Ph.D., P.Eng.DIRECTOR

45 years in the mining industry, former

CEO of Augustine Ventures Inc.

PETER KAMPIAN, CPA, CADIRECTOR

Finance executive; CFO at Metrum Health

Corp.; CEO at Edge Financial Consulting

Services Inc.

TECHNICAL ADVISORS

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DR. JEAN-PHILIPPE DESROCHERS, P.Geo.

>20 years experience in mineral exploration; former VP

Exploration at Eagle Hill; Osisko Mining Windfall discovery

DR. ROBERT DODDS, Ph.D., P.Eng.

>45 years experience in the mining industry including

exploration, development and production; former Manager

and Operator at a gold mine in Northwestern Ontario

DR. JAMES FRANKLIN, FRSC, P.Geo.

World renowned researcher with >40 years expertise in

gold deposits; former Director of the Geological Survey of

Canada; past President of both the Geological Association

of Canada and the Society of Economic Geologists

MACKENZIE WATSON, P.Geo. P.Eng.

>50 years experience in the exploration, development, and

mining industry; involved in the discovery of numerous

mineral deposits in Canada; Mining Hall of Fame inductee

DISTRICT SCALE POTENTIAL

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In a prolific greenstone belt, surrounded by producing gold assets (Av. grade >5 g/t)

HEMLO Barrick

30 Moz

EAGLE RIVER Wesdome

1.5 Moz

ISLAND GOLD Alamos

2 Moz

TIMMINS (Various)

>67 Moz

MAGINOArgonaut

5.1 Moz

BORDENGoldcorp

1.9 Moz

WAWA

GOLD PROJECT

Sedimentary rocks

Mafic intrusives

Granitoid plutons

Greenstone terranes

Operating mine

Advanced exploration project

SUGAR ZONEHarte Gold

1.7 Moz

MISHI Wesdome

1.5 Moz

PROPERTY DISCOVERIESMULTIPLE GOLD-BEARING STRUCTURES

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Discovery of high-grade gold zones in the Jubilee

Shear Zone and its northern extension (true width)

▪ 5.3 g/t gold over 14.6 m

▪ 32.2 g/t gold over 2.9 m

▪ 3.5 g/t gold over 32.8 m

▪ 3.7 g/t gold over 34.6 m

Recent discovery of high-grade Cooper Structure

▪ 33.6 g/t gold over 1.4 m (channel sample)

▪ 26.9 g/t gold over 0.5 m (channel sample)

▪ 9.6 g/t gold over 5.4 m, including 34.1 g/t over 1.1 m

(channel sample)

Discovery of Minto Mine South Deposit

▪ 19.9 g/t gold over 3.0 m

▪ 11.7 g/t gold over 2.0 m, including 28.2 g/t gold over

0.8m

▪ 11.8 g/t gold over 3.2 m, including 51.0 g/t gold over

0.8m

▪ 24.9 g/t gold over 2.0 m

SURLUGA DEPOSITHIGH-GRADE UNDERGROUND RESOURCE

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▪ 205,000 ounces at 5.31 g/t in the Indicated category and 396,000 ounces at 5.22 g/t in the Inferred category at a 2.7 g/t

cut-off within a 2 g/t envelope (May 31, 2019)

▪ Open along strike and at depth

▪ Potential for bulk underground mining – vein thickness range between 3-30 m

Indicated Category Inferred Category

Gold Cut-off Grade

(g/t)

Tonnes

(000)

Gold Grade

(g/t)

Contained Gold

(000 Ounces)

Tonnes

(000)

Gold Grade

(g/t)

Contained Gold

(000 Ounces)

2.0 1,654 4.50 239 3,533 4.26 484

2.5 1,323 5.06 215 2,666 4.92 422

2.7 1,202 5.31 205 2,362 5.22 396

3.0 1,043 5.68 191 1,981 5.67 361

3.5 829 6.31 168 1,507 6.44 312

4.0 669 6.93 149 1,175 7.21 272

Notes:

Official Mineral Resource estimate highlighted

in bold.

Tonnage estimates are rounded to the nearest

1,000 tonnes.

g/t – grams per tonne.

MINTO MINE SOUTH DEPOSIT

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▪ Maiden resource of 100,000 oz gold at 6.8 g/t

(Nov. 7, 2018)

▪ Occurs within shallow, narrow, high-grade veins and

shears outside of the current Surluga Deposit

envelope

▪ Mineralization remains open in all directions

▪ Potential to expand resource - exploration target* of

additional 250,000-750,000 oz gold at 5-10 g/t

*The Reader is cautioned that the potential tonnages and

grades of the Exploration Targets are conceptual in nature, that

there has been insufficient exploration to define a mineral

resource and that it is uncertain if further exploration will result

in any of the Exploration Targets being delineated as a mineral

resource.

Indicated Classification Inferred Classification

Cut-off

Grade

(g/t Au)

Tonnes

(000)

Grade

(g/t Au)

Contained

Gold

(000

ounces)

Tonnes

(000)

Grade

(g/t Au)

Contained

Gold

(000

ounces)

2.5 142 6.3 29 496 5.6 89

3.0 123 6.9 27 426 6.0 83

3.5 105 7.5 25 354 6.6 75

4.0 92 8.0 24 303 7.1 69

4.5 81 8.5 22 260 7.5 63

5.0 71 9.1 21 225 8.0 58

MINTO MINE SOUTH ZONEPOTENTIAL FOR EXPANSION

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Initial resource only a small portion of larger footprint:

▪ Drilling to date has only covered 15-20% of Minto Mine South structure

▪ Additional mineralized zones within Minto Shear and in parallel footwall structures

▪ Minto Stockwork - “mineralization halo”, not included in current resource, will add gold to Minto Mine South Zone inventory

▪ 2018/19 drill program intersected high-grade quartz veins in the Minto Stockwork (16.47 g/t Au over 1.0 m, 14.11 g/t Au

over 1.1 m, 17.66 g/t Au over 1.2 m)

Surluga Deposit

Minto Mine South Deposit

Mineral Resource Envelopes

Jubilee Mine Shaft Surluga Mine Shaft

Surface

2,500 metres

35

0 m

etr

es

Minto Mine Shaft

Minto Mine South Deposit Surluga Deposit

Az. 310°, Incl: -3.4°

SURLUGA AND MINTO MINE SOUTH RESOURCE

▪ Over 95% of the contained ounces at both deposits are located between surface and a depth of 350 metres

▪ Both deposits remain open at depth

▪ The underground developments of the historic Jubilee and Surluga mines provide access to the zones of the Surluga

resource

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Indicated Classification Inferred Classification Total

Tonnes

(000)

Grade

(g/t Au)

Contained Gold

(000 ounces)

Tonnes

(000)

Grade

(g/t Au)

Contained Gold

(000 ounces)

Tonnes

(000)

Grade

(g/t Au)

Contained Gold

(000 ounces)

1,307 5.47 230 2,716 5.39 471 4,023 5.42 701

NEWLY DISCOVERED COOPER STRUCTURE

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Discovery supports hypothesis that multiple high-grade,

Minto-like deposits exist on the property

▪ High-grade structure located 1 km east of the northeast

extension of the Surluga Deposit

▪ The historic Cooper Mine milled over 4,400 tonnes at an average

grade of 11.4 g/t Au

▪ Ended production in 1938

▪ Highlighted channel sampling results include:

▪ 27.0 g/t Au over 0.31 m

▪ 9.6 g/t Au over 0.42 m

▪ 3.5 g/t Au over 1.45 m

▪ Historic drill hole intersect returned 10.90 g/t Au over 4.39 m

▪ Similar geology to Minto Mine South

▪ Trenching program underway followed by drilling which began in

August 2019

6 ADDITIONAL EXPLORATION TARGETS

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▪ Trenching underway at Cooper Shear System, Grace Deformation Zone and the southern extension of the Jubilee Shear Zone

▪ Diamond drilling began in August 2019 to test priority targets in the Cooper Shear System and prove the continuation of Surluga Deposit to depth (>350 metres)

StructureTonnes

(Mt)

Gold

(g/t)

Gold Ounces

(000)

Julibee Sheer Zone

(Surluga Deposit)3.00 – 4.00 4.5 – 6.0 435 – 772

Cooper Sheer Zone 0.35 – 0.50 5.0 – 8.0 56 – 130

Grace Deformation Zone 0.30 – 0.50 5.0 – 8.0 48 – 130

Hornblende Sheer Zone 0.50 – 4.00 4.0 – 6.0 64 – 750

Minto B Sheer Zone 0.26 – 0.50 3.0 – 5.0 25 – 80

Minto Mine South and

Minto Lower / Parkhill #40.60 – 1.20 5.0 – 8.0 96 - 309

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Multiple near-surface deposits that remain open along strike and at depth

WAWA GOLD PROJECTGOLD CAMP COMPARISON

Total resource estimates are inclusive of reserves and are as of:

1. June 30, 2018

2. December 31, 2018

3. May 31, 2019

▪ Owner: Agnico-Eagle

▪ Current Depth: 3,100 m

▪ Total gold resource2: 4.46

Moz

▪ Owner: Kirkland Lake

Gold

▪ Current depth: 2,000 m

▪ Total gold resource2: 3.56

Moz

▪ Owner: Newmont

Goldcorp

▪ Depth: over 3,000 m

▪ Total gold resource1: 6.97

Moz

▪ Owner: Red Pine

▪ Current depth: <350 m

▪ Total gold resource³: 700

koz

Red Lake Macassa LaRonde Surluga/Minto South

WHY INVEST IN RED PINE?

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Wawa Gold Corridor: large (>6 km long), high-grade gold system with multi-million ounce gold resource potential

New emerging gold camp in a premier mining jurisdiction

700,000 oz of gold grading > 5 g/t (both indicated and inferred) already identified on property, open at depth and on strike

6 additional exploration targets identified on property

Results to date validate strategy of delineating shallow, high-grade deposits amenable to bulk underground mining

Company fully funded for 2019 trenching / drilling programs

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Investor Relations

and Corporate Development

MIA BOIRIDY, M.Sc.

mboiridy@redpineexp.com

416-644-1856

Corporate Office

145 Wellington Street West

Suite 1001

Toronto, ON M5J 1H8

2015 ▪ 4,021 m of infill drilling on the Surluga Deposit. Gold mineralization is identified in

both the hanging wall and footwall of the Surluga Deposit

▪ Revised inferred resource for the Surluga Deposit: 1,088,000 oz Au at 1.71 g/t Au

2016 ▪ Samples ~42,000 m of historic drilling and discovers significant gold mineralization

not included in resource estimate (109 g/t Au over 0.86 m; 22.8 g/t Au over 1.74

m)

▪ Two discoveries near the Surluga Deposit: the Surluga North Zone (14.66 g/t Au

over 15.21 m (February 28, 2017)) and the Hornblende-William Zone

▪ Identifies the Wawa Gold Corridor that extends for more than 6 km

2017 ▪ Discovers the Minto Mine South Deposit (19.93 g/gold over 3 m (June 13, 2017))

in the extension of the historic Minto Mine

▪ Discovers a high-grade gold zone in the extension of the Darwin-Grace Mine (57.31

g/t gold over 3.14 m (March 3, 2017))

▪ Completes a 6,238 m drill program

▪ Identifies 3 exploration targets (Hanging Wall, Footwall and Minto Mine South)

2018 ▪ Completes 25,571 m drill program on the Minto South and Surluga North

discoveries

▪ Completes 11,209 m drilling program and issues maiden resource estimate on the

Minto Mine South Deposit (100,000 oz Au at an average grade of 6.8 g/t)

▪ Initiates 10,000 m drill program on the Surluga Deposit

2019 ▪ Identifies a new high-grade Cooper Structure 1 km east of the Surluga Deposit

▪ Completes 11,317 m drill program. Intersects high-grade mineralization in the

Jubilee Shear Zone (42.2 g/t Au over 2 m and 34.4 g/t Au over 3.7 m)

▪ Discovers additional zones above (1.1 g/t Au over 51.4 m in Minto B Shear Zone)

and below (7.74 g/t Au over 2.9 m) the Jubilee Shear Zone

▪ Ground gravity survey confirms extension of the Jubilee stock and shear zones

▪ Issues revised resource estimate for the Surluga Deposit

Red Pine has made 5 key discoveries and has identified several targets along the 6 km Wawa Corridor

APPENDIX A – EXPLORATION TIMELINE

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