GFG Resources Inc. Corporate Presentation November 2016

Corporate PresentationNovember 2016

www.gfgresources.com

Cautionary Statement

Cautionary Note Regarding Forward-Looking InformationThis document contains certain forward-looking statements relating but not limited to the Company’s expectations, intentions,plans and beliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”,“expect”, “goal”, “plan”, “intent”, “estimate”, “may” and “will” or similar words suggesting future outcomes or other expectations,beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking informationmay include reserve and resource estimates, estimates of future production, unit costs, costs of capital projects and timing ofcommencement of operations, and is based on current expectations that involve a number of business risks and uncertainties.Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to,failure to establish estimated resources and reserves, the grade and recovery of mined ore varying from estimates, capital andoperating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental,environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in thedevelopment of projects and other factors. Forward-looking statements are subject to risks, uncertainties and other factors thatcould cause actual results to differ materially from expected results.

Potential shareholders and prospective investors should be aware that these statements are subject to known and unknown risks,uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-lookingstatements. Shareholders are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute tothe possibility that the predictions, forecasts, projections and various future events will not occur. Claude Resources undertakesno obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information,future events or other such factors which affect this information, except as required by law.

Cautionary Note to U.S. Investors Concerning Resource EstimateThe resource estimates in this document were prepared in accordance with National Instrument 43-101, adopted by the CanadianSecurities Administrators. The requirements of National Instrument 43-101 differ significantly from the requirements of the UnitedStates Securities and Exchange Commission (the “SEC”). In this document, we use the terms “measured”, “indicated” and“inferred” resources. Although these terms are recognized and required in Canada, the SEC does not recognize them. The SECpermits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that constitute “reserves”.Under United States standards, mineralization may not be classified as a reserve unless the determination has been made that themineralization could be economically and legally extracted at the time the determination is made. United States investors shouldnot assume that all or any portion of a measured or indicated resource will ever be converted into “reserves”. Further, “inferredresources” have a great amount of uncertainty as to their existence and whether they can be mined economically or legally, andUnited States investors should not assume that “inferred resources” exist or can be legally or economically mined, or that they willever be upgraded to a higher category.

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GFG Resources Inc.

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Key Investment Highlights

Assembled a highly credible team of Explorers and Developers

Recently consolidated the entire Rattlesnake Hills district via three transactions and staking (33.5K acres)

Under-explored alkaline gold system similar to the Cripple Creek (Newmont) & Wharf (Coeur) gold systems

Impressive grades at surface and depth; deposits remain open in multiple directions:

High Grade: 56 m of 9.73 g/t Au Disseminated: 405 m of 1.31 g/t Au (from surface)

Aggressive exploration program for H2 2016

Target-rich environment with advanced & early-stage prospects 78 km of historic drilling focused largely on 2 targets

Significant corporate interest in the past $76 million JV entered into with Agnico-Eagle in 2011 $15 million placement entered into with Goldcorp in 2010


Leadership Team

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Highly Experienced with Ability to Deliver

EXECUTIVE TEAM

Brian Skanderbeg - President & CEO, Director

Rick Johnson - CFO & Corporate Secretary

Tim Brown – Vice President, Exploration

Marc Lepage – Vice President, Business Development

BOARD OF DIRECTORS

Patrick Downey - Non-Executive Chair

Jonathan Awde - Director

Stephen de Jong - Director

Capital StructureShares Outstanding* 45.8 millionOptions 400,000Warrants NilFully Diluted* 46.2 millionCash Balance as of June 30, 2016 US$4.4 million

Crest Petroleum (CTP.H) (as of October 20, 2016) C$1.55


Transaction Details

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Well Funded and Supported Story• NI 43-101 technical report on Rattlesnake project to TSX.V;

• Share exchange between GFG Canada and GFG US completed in August 2016;

• Filed NI 43-101 report and joint (Crest & GFG) Circular September 9, 2016;

• Apply to TSX.V to resume trading of Crest (CTP.H) (on a pre-RTO basis) – September 12, 2016;

• Mail-out Circular to Crest and GFG Shareholders – September 14, 2016;

• Crest and GFG shareholder meetings to approve RTO – on October 14, 2016;

• Court approval for RTO – October 18, 2016; and

• Close RTO/Change name to GFG – October 21, 2016.

43-101 Draft to TSX Exchange

July

Draft IC to Crest/GFG

ShareholdersAug 5th

43-101 Comments from exchange Late -

Aug

IC to Crest/GFG

ShareholdersEarly - Sept

Apply for Crest trading

Early - Sept

Crest/GFG Shareholder

meeting Mid - Oct

Court approval of RTO

Mid - Oct

Close RTO and Change Name to

GFG Mid - Oct


Corporate Strategy

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Advance a District Scale Gold Asset • RATTLESNAKE is our cornerstone asset

• District-scale opportunity• Excellent jurisdiction• Demonstrated large scale Au- system• Attractive to Mid-tier and Major

producers

• Quality assets are available and will bereviewed to assess strategic fit.

• Projects remain financiallyconstrained and our ability to financeand attract partners will provideopportunity

• North America – Au focus• Experienced technical team capable

of project evaluation

GFG Resources ‘Go For Gold’

Rattlesnake District

2nd Asset

Opportunistic Acquisition

Project Generator

Marketing LaunchSept

Investor & Analyst Site Visit Oct

RTO CompletionOct

P1 DrillingOct – Nov

P1 Program Completed Dec


Wyoming

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An Active and Mining Friendly State Economy driven by resource sector and is a leader in the U.S.:

#1 national producer of:• Coal• Uranium• Trona• Bentonite

#2 in rare earths#3 in natural gas #7 in crude oil

Infrastructure: • 100 km from Casper• 20 km to highway• Power line on southern portion of

the property• Access to water • No National or State Parks near

property

(Source: U.S. Energy Information Administration)

Rattlesnake Hills Project

Coal OperationsUranium Operations

Top Ranking in the Tax Foundation’s State Business Tax Climate Index


Prospective Gold Belt

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Proven Geology

1. Mutschler, F.E.et al., 1997. Potential for Alkaline Igneous Rock - Related Gold Deposits in the Colorado Plateau Laccolithic Centers. USGS Bulletin 2158 (image, past production and current resources, modified from Mutschler, et al.)

2. Rochester and Wharf Tours. Coeur Mining presentation, June 2015

Rocky Mountain Alkaline Gold Province

• +1,500 km long belt of alkaline gold deposits on the east side of the Rocky Mountains

• Multiple +1M ounce gold deposits

• Cripple Creek, Wharf, Golden Sunlight: Consistent gold producers for multiple decades

• Rattlesnake is in the middle of this productive gold belt


An Important Analogy

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Cripple Creek vs. Rattlesnake Hills

• Highly prospective geologic setting at Rattlesnake

• Most applicable geophysical tools underutilized: • Airborne resistivity• CSAMT only applied

locally (where gold discovered)

DISTRICT SCALE OPPORTUNITY AT RATTLESNAKE• First time land package has been unified• 36 mapped intrusive targets - Only 2 drill-tested• Potential to find multiple North Stock – type deposits• Potential to connect zones for significant tonnage


Consolidated Land Position

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A New District Scale Opportunity

Evolving Gold and Endurance Gold

2015 staking and IEV acquisition

North Stock Antelope BasinBlack Jack

52 square miles | 33,280 acres | 135 square km

Claim block outlineEndurance groundEvolving ground

IEV acquisition Staking (2015)

New staking (2016)

2016 staking and current land position


Exploration

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Discoveries to Date All Remain Open NORTH STOCK• Broad mineralized corridor: 300 m by 100 m wide

and drilled to a depth of 500 m• Broad +1.0 g/t Au intersections plus significant

higher grade gold• 405 m of 1.31 g/t Au• 56 m of 9.73 g/t Au

• Open to the north, west and south towardsAntelope Basin

ANTELOPE BASIN• 350 m x 200 m wide and drilled to a depth of 250 m

• 76 m of 1.91 g/t Au

BLACK JACK• Discovered with regional soils in 2012

• 33 m of 1.35 g/t Au• 152 m of 0.56 g/t Au

• Open with flanking soil anomaly to the NW, N andNE and at depth

ENDURANCE ACQUISITION• Hosts a large number of alkaline intrusive bodies

with associated intense K alteration and anomaloussoils and rock samples no drilling

78,000 metres of core, but focused on a small section of property Consolidation of the District is Key

2016 Staking and Land Position

Claim block outline

Endurance ground

Evolving ground

IEV acquisition

Staking (2015)

New staking (2016)

Antelope Basin

North Stock

Blackjack

www.gfgresources.com 12

Airborne VTEM Survey

• AEM completed a regional Magnetic and Radiometric survey

• Targets based on this airborne were not tested

• JV terminated as Au-price dropped

• VTEM provides key regional resistivity model for structural interpretation; flown orthogonal to AEM survey

• Data received: modelling on-going

• Follow-up with CSAMT ground survey in 2017

2016 Exploration Program



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Soil Geochemistry: An Important Tool

Claim block outlineExisting soilsPhase 1 soilsPhase 2 soils

• Evolving Gold and Enduranceused soils but key proximaltarget areas lack soil coverage

• Au, As, Bi, V, Cu & Ag are keypathfinders with relatively lowthreshold anomalies showingrelevance (ie. Blackjack was a 2pt soil anomaly)

• P1 and P2 grids (5,000 samples)to be completed in 2016 withinfill budgeted for 2017



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Mapping: Important to Understand Structure

• Evolving Gold completed mappingwith academic support (M. Sc andPh.D) with focus on litho and altn incore of district – structuralinterpretation was lacking

• Endurance, IEV & new claim stakinghas regional scale mapping only

• Focus on alteration and structurebuilding from core of known districtto the North (Map area 2 & 3)

• Inclusion of core andutilizing field based,geophysical data andhandheld spectrometer

• SRK to be engaged and active in Q3


Key Targets

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North Stock & Antelope Basin

• 78,000 m of drilling with vast majority focused onNorth Stock and Antelope Basin.

• Deepest holes to 900 m depth & systemremains open to west, north & east

• Linkage and extensions have potential to significantlyextend mineralization.



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Opportunity to Link Both Deposits



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West Extension Opportunity


District Potential is Untested

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Brownfield and Greenfield Opportunities

• 2016 exploration program budgeted to be 5,000 to 7,000 metres on brownfield targets

• Targets to be based on structural and alteration mapping, re-logging of core, 2016 VTEM/historic AEM survey, soil geochemistry and regional mineralization model

A Target-Rich Environment That Warrants An Aggressive Exploration Approach


Key Investment Highlights

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Opportunity to Grow & Build Value

Assembled a highly credible team of Explorers and Developers

Recently consolidated the entire Rattlesnake Hills district via three transactions and staking (33.5K acres)

Under-explored alkaline gold system similar to the Cripple Creek (Newmont) & Wharf (Coeur) gold systems

Impressive grades at surface and depth; deposits remain open in multiple directions:

High Grade: 56 m of 9.73 g/t Au Disseminated: 405 m of 1.31 g/t Au (from surface)

Aggressive exploration program for H2 2016

Target-rich environment with advanced & early-stage prospects 78 km of historic drilling focused largely on 2 targets

Significant corporate interest in the past $76 million JV entered into with Agnico-Eagle in 2011 $15 million placement entered into with Goldcorp in 2010

www.gfgresources.com 20

Contact Us:

Marc Lepage, CPIR. Vice President, Business Development

[email protected]


Appendix A:

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Executive Team Brian Skanderbeg, P.Geo. - President & CEO, DirectorMr. Skanderbeg was most recently President and CEO of Claude Resources Inc. since November 2014 – which was acquired by Silver Standard ResourcesInc. for $337 million. He previously worked for Goldcorp, Inco Ltd. and Helio Resources, holding positions in both exploration and operations. He holds aB.Sc. from the University of Manitoba and an M.Sc. from Rhodes University, South Africa. He brings extensive experience in gold systems, operationalmanagement, cost and asset optimization and strategic analysis.

Rick Johnson, CPA. – CFO & Corporate SecretaryMr. Johnson has over 25 years of experience in accounting, audit, tax and corporate governance. Most recently, Mr. Johnson was the CFO, Vice Presidentof Finance and Corporate Secretary with Claude Resources Inc., which was acquired by Silver Standard Resources Inc. in 2016. Mr. Johnson holds aBachelor of Commerce degree from the University of Saskatchewan and is a member of CPA Canada.

Tim Brown - Vice President ExplorationPrior to joining GFG Resources, Mr. Brown enjoyed a 21-year career at Cripple Creek. During this time he spent 9 years as Exploration Manager, duringwhich time 6.4 million ounces of gold were added to the resource, including 4.1 million added to reserves. He also held positions as Chief Geologist, Sr.Geologist, Ore Control Geologist and Exploration Geologist. Prior to his time at Cripple Creek he has 10 years of additional experience as an explorationgeologist.

Marc Lepage - Vice President Business DevelopmentPrior to joining GFG Resources, Mr. Lepage spent nearly eight years with Claude Resources Inc. as Manager, Investor Relations which was acquired by SilverStandard Inc. in 2016. Prior to his position with Claude, Mr. Lepage held marketing and business development positions in the consumer products andfinancial sectors. Mr. Lepage holds a Bachelor of Commerce degree from the University of Saskatchewan and a Certified Professional Investor Relationsdesignation from the Richard Ivey School of Business.


Appendix B:

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Board of Directors & Special Advisors Patrick Downey, P.Eng. - Non-Executive ChairMr. Downey has over 25 years of international experience in the resource industry. Most recently, Mr. Downey was a Director at Claude Resources Inc. Priorto this, Mr. Downey was President and CEO of Elgin Mining Inc., which was acquired by Mandalay Resources Inc. He has held numerous senior engineeringpositions at several large scale gold mining operations. He holds a B.Sc (Hon.) degree in Engineering from Queen's University in Belfast, Ireland.

Jonathan Awde, B.A. - DirectorMr. Awde has the spent the last 12 years financing junior resource companies and has focused on institutional accounts. Mr. Awde has raised over $150m forpublic and private companies in the resource sector. Mr. Awde is co-founder, President/CEO and a Director of Gold Standard Ventures where he oversees allfinancing, corporate activities and developments for the company. Mr. Awde received his BA in Economics & Finance from Acadia University and is a formerSales & Trading professional at a CDN Broker Dealer.

Stephen de Jong, B. Comm. - DirectorMr. de Jong is currently President and CEO of Integra Gold Corp. Under his leadership, Mr. de Jong has advanced the Lamaque project towards production. Hehas been instrumental in the financing of the Company, having raised $100 million in equity since assuming the Chief Executive Officer position. Mr. de Jongholds a Bachelor of Commerce degree from Royal Roads University and is also a Director of Eastmain Resources Inc.

Brian Skanderbeg, P.Geo. - President & CEO, DirectorMr. Skanderbeg was most recently President and CEO of Claude Resources Inc. since November 2014 – which was acquired by Silver Standard Resources Inc.for $337 million. He previously worked for Goldcorp, Inco Ltd. and Helio Resources, holding positions in both exploration and operations. He holds a B.Sc.from the University of Manitoba and an M.Sc. from Rhodes University, South Africa. He brings extensive experience in gold systems, operationalmanagement, cost and asset optimization and strategic analysis.

SPECIAL ADVISORSJohnathan RubensteinMr. Rubenstein is a professional director, serving on the boards of several publicly listed mining companies, including MAG Silver (as Chairman), Detour GoldCorporation, Eldorado Gold Corporation, Troon Ventures Ltd., Roxgold Inc. and Rio Novo Gold Inc.

Steve KoehlerMr. Koehler is currently Manager of Projects for Gold Standard Ventures. Mr. Koehler has had a 24 year career with Newmont, Placer Dome and MirandaGold working on the Carlin and Cortez Trends of northern Nevada. Which included gold discoveries at Leeville, Four Corners, Hardie Footwall Extension, Peteunderground and Cortez Hills. He was also Chief Geologist for Evolving Gold.

Dr. David PalmerOver 25 years as an exploration geologist in international mining industry. Currently CEO of Probe Metals; previously CEO of Probe Mines and responsible fortwo major mineral discoveries, including the multi-million ounce Borden Gold deposit acquired by Goldcorp in 2015.

GFG Resources Inc. Corporate Presentation November 2016

Investor Relations

Transcript of GFG Resources Inc. Corporate Presentation November 2016