Tatogga Project, Golden Triangle, BC Webcast presentation - April 29, 2020

R E V I E W O F T H E

S A D D L E N O R T H G E O LO G I C A L M O D E L

GTT : TSX-V

Shawn CampbellCFO

Management Participants

Webcast Technical Review of the Saddle North Geological Model

TSXV: GTT 2

Michael SkeadVP Project Development

Paul HarbidgePresident, CEO

and Director

➢ ➢

Limited in-person meetings

and postponed business

travel

➢

➢

➢

➢

Creating a plan to operate while

instituting health and safety guidance Supporting the health and safety

of employees and contractors

Mandated work from home

where possible

Drill core personnel reduced

to minimum necessary at

2 m social distancing

Monitor the situation closely and

maintain communication with

Tahltan Central Government

Act according to guidelines of

BC Office of Provincial Health

Abide by all safety protocols

established within Tahltan

Traditional Territory

IMMEDIATE EXPLORATION SEASON AHEAD

HEALTH AND SAFETY

COVID-19 Response Plan

TSXV: GTT 3

Cautionary Statement Regarding Forward Looking Information

TSXV: GTT 4

Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”,

“expect”, “intend”, “may”, “should” and similar words and expressions to the extent they relate to GT Gold Corp. (the “Company”) or its management.

The forward-looking statements are not historical facts and are based on current expectations and various estimates, factors and assumptions, and therefore involve known and unknown risks,

uncertainties and other factors.

Any forward-looking statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as of any

subsequent date. The material factors and assumptions that were applied in making the forward looking statements in this presentation include:

• execution of the Company’s existing plans or exploration programs for its properties, which may change due to changes in the views of the Company, or if new information arises which

makes it prudent to change such plans or programs; and

• the accuracy of current interpretations of geochemical, geophysical, drilling and other exploration results, since new information or new interpretations of existing information may result in

changes in the Company’s expectations. Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results, performance or

achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties

or other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-

looking statements will materialize. 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.

QA/QC PROCEDURES

GT Gold has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and analysis of RC chips and diamond drill core, the complete

details of which can be viewed on the Company’s website at http://www.gtgoldcorp.ca/projects/tatogga/

For full details on both Saddle North and Saddle South reverse circulation and diamond drill program assay results widths reported in this presentation, please refer to the corresponding press

release available on the Company website at www.gtgoldcorp.ca/news/. All assays are performed by ALS Canada Ltd. (Minerals), with sample preparation carried out at the ALS facility in

Terrace, BC, and assays at the North Vancouver laboratory. Assay values are uncut. For gold, fire assays are performed as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using 50 grams of

sample with assays equal to or greater than 5 g/t Au calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption. All samples that return equal to or greater than 5

g/t Au from initial fire assaying are additionally sent for screen metallic analysis using the remainder of the pulp (~950 grams of sample). This step is taken to ensure that any coarse grained,

nugget gold fraction that may have been missed in the fire assays has been captured.

GT Gold Corp.’s Qualified Person as defined by National Instrument 43-101 is Michael Skead, FAusIMM, VP Project Development. Mr. Skead has reviewed and approved the technical

information in this presentation.

Short History of Greenfield Value Creation

TSXV: GTT 5

Q4 2016 2017 2018 2019 Q1 2020Saddle North

PEA YE 2020

Saddle North

Infill and

Expansion

Drilling

Saddle South

Discovery

GTT:TSX-V

opens on

market

Saddle North

Discovery

Saddle North

Geological

Model

TATOGGA PROPERTY

Tier 1 Mining Jurisdiction with Access and Infrastructure

4/30/2020TSXV: GTT 6

Saddle North Geological

Model

SADDLE NORTH GEOLOGICAL MODEL

Preparation: Core Relog and Process Overview

41 Saddle North drill holes

(31,397 metres) relogged for lithology, alteration & structures

over winter 2019/2020

• Multi-element geochemistry used

to define cryptic lithologic breaks

• Geophysical modelling of magnetic

and Induced Polarization data

used to delineate various units of

lithological, alteration types, and

structures

TSXV: GTT 8

Geologists at work in logging facility

• A series of hand drawn cross

sections and level plans were

completed for lithology, structure,

alteration and mineralization

• Scanned and georeferenced

sections were manipulated using

Leapfrog software to create a well-

constrained 3D geological model

SADDLE NORTH GEOLOGICAL MODEL

Preparation: Process Overview

TSXV: GTT 9

Two major structures bound mineralization at Saddle North

SADDLE NORTH GEOLOGICAL MODEL

Structure: Physical Bounds

TSXV: GTT 10

2. Southern Fault

1. Poelzer Fault

• Well-defined and

very predictable

• Strongly foliated

zone forming the

footwall to the known

mineralized zone

• Relatively planar

• Marks the southern

contact of porphyritic

intrusive rocks with

host volcanic rocks

• Characterized by

more brittle fracturing

SADDLE NORTH GEOLOGICAL MODEL

Lithology: Porphyry

• Gold-rich copper porphyry centered on

a series of monzodiorite and monzonite

intrusions

• Intrusive complex interpreted to represent a

series of igneous bodies intruded over a

relatively short period of time in late Triassic

• Minor post-mineralization felsic and mafic dykes

also observed

• Host country rocks belong to the Triassic Stuhini

Group

• The intrusive complex and its host rocks (Stuhini

Group) are overlain unconformably by the Lower

Jurassic Hazelton Group

.

TSXV: GTT 11

Intermineral

Phase 1 (“I1”)

Intermineral

Phase 2 (“I2”)

SADDLE NORTH GEOLOGICAL MODEL

Lithology: Mineral Phases

• Cross section through lithologic model, showing porphyry

phases, Stuhini Group host volcanic rocks, and overlying

Hazelton Group clastic and subordinate volcanic rocks.

TSXV: GTT 12

• Eight lithology phases defined: two distinct inter-

mineral phases (I1-I2) and six less distinct and

generally better-mineralized older phases (P0-P5)

Au Cu

P1

P2

P3

P4

• Porphyry phases have significant controls on Au, less so on Cu

SADDLE NORTH GEOLOGICAL MODEL

Mineralization: Lithology and Grade

TSXV: GTT 13

Potassic: low Potassic: moderate Potassic: high

SADDLE NORTH GEOLOGICAL MODEL

Alteration: Potassic• Potassic alteration - the dominant style of alteration associated with intense quartz-sulphide A-style quartz

vein stockworks that carry higher-grade Au and Cu at Saddle North

TSXV: GTT 14

Saddle North core showing

potassic alteration

Poelzer

Hangingwall

Poelzer

Footwall

Poelzer

Hangingwall

SADDLE NORTH GEOLOGICAL MODEL

Alteration: Quartz-Sericite-Pyrite (QSP)• QSP alteration (phyllic alteration) – a moderate to intense hydrothermal alteration found both above & on

the shoulders to the potassic core of the system with strong showing in the Poelzer footwall

TSXV: GTT 15

Au Cu

Weak

Moderate

Strong

• Potassic alteration (potassium feldspar, biotite and magnetite) strongly controls grade

SADDLE NORTH GEOLOGICAL MODEL

Mineralization: Alteration and Grade

TSXV: GTT 16

0.25 % CuEq

0.75 % CuEq

1.5 % CuEq

Lithology

0.25 % CuEq

0.75 % CuEq

1.5 % CuEq

Alteration

3D ViewSADDLE NORTH GEOLOGICAL MODEL

Mineralization: Copper Equivalent Grade Shells

• Sections and 3D

view looking west-

northwest to

northwest:

showing correlation

between copper

equivalent grade and

alteration (left) and

lithology (section at

middle, 3D at top)

TSXV: GTT 17

• Clear association of Cu and Au grades with potassic alteration (potassium

feldspar, magnetite and biotite) and lithology phases

SADDLE NORTH GEOLOGICAL MODEL

Next Steps: From Geological Model to Initial Resource end of Q2

TSXV: GTT 18

Mineral resource = “reasonable prospects of eventual economic extraction”

DESCRIBE

DETERMINING

METHODS• Define methods used

to determine resources

(Ordinary kriging,

inverse distance

squared, polygonal,

etc)

SUMMARIZE

ASSUMPTIONS• Cut-off grade and basis

for determination

• Commodity prices

• Mining and processing

method

• Metallurgical recovery

• Costs related to mining,

processing, and G&A

SUMMARIZE

PARAMETERS✓ Appropriate

geological model for

the deposit type

• Bulk density

• Search distances and

minimum samples per

block

• Interpolation distances

and directions

DISCUSS

MATERIAL

FACTORS• Any material factors

that could affect the

mineral resource

estimates

(Environmental,

permitting, legal, title,

socio-economic,

political, other factors)

Mineral

Resource

Estimate

and

National

Instrument

43-101

Technical

Report

The cut-off grade will reflect the assumed mining method

2020 Exploration

Plan

TSXV: GTT 20

• Porphyry district comparisons show Tatogga upside

• Initial 10,000 m summer diamond drill program

is planned on two high priority target areas:

Saddle and Quash Pass

Red Chris mine

Saddle

TatoggaProperty

Quash Pass

Anomaly ~3km

+0

+1000

+0

+1000

NW SE

IP chargeability

Red Chris

Saddle North

3km

Cadia 5.5km

Gully Zone

Main Zone East Zone OP

East Zone UG

Au ppm

0.5

0.4

0.3

0.2

0.1

0

Ridgeway

Big Cadia

Cadia Quarry Cadia Hill

Little Cadia

Cadia East

N

2020 EXPLORATION PLAN

Tatogga: Potential for a Pipeline

Note: Cadia and Red Chris sections sourced from Newcrest’s Exploration Edge presentation (Jan 20, 2020)

0 500

metres

250

Quash-Pass

Plan MapBase maps:

IP Chargeability,

RMI Magnetic Contours,

50 m Elevation Contours,

& Streams.

Projection: UTM NAD 83

Zone 9

Induced Polarization

Chargeability

> 25.0 mV/V

6.0 mV/V

5.0 mV/V

4.0 mV/V

3.0 mV/V

2.0 mV/V

0.0 mV/V

RMI MagneticsContoured

>500 nT

100 nT

50 nT

0 nT

<-200 nT

TATOGGA PROPERTYSaddle North

SADDLE AREA

• More to be Found

• Saddle North, along strike, at depth,

and in the Poelzer Footwall

• Western Geochem, Central and

Southern IP anomalies

• New and Old Targets

from Surface• TTD064: 7.40 m @

2.28 g/t Au, 0.56 % Cu

1 – 5

5 – 10

10 – 25

25 – 50

50 – 75

75 – 100

100 – 150

>150

Au-in-Soil (ppb)

Collars Legend

2020 Proposed

Past Drilling

TATOGGA PROPERTYSaddle North

0 500

metres

250

Saddle NorthView to South-East

Sections:IP Chargeability,

RTF Magnetics.

Projection: UTM NAD 83

Zone 9

• New and Old Targets

from Surface• TTD064: 7.40 m @

2.28 g/t Au, 0.56 % Cu

Magnetics Inversion

(RTF)

> 500 nT

0 nT

.

< -500 nT

IP Inversion

> 50 mV/v

0

.

0 mV/V

>1..

0.75 g/t..

0.5 g/t ..

0.25 g/t..

0

AuEq (g/t)

SADDLE NORTH

• Porphyry: More to be Found

• Susceptibility constrained

magnetic inversion

• Sulfide constrained chargeability

inversion

Hole

TTD064

6,402,000 mN

43

0,0

00

m

N

43

2,0

00

m

N

43

0,0

00

m

N

43

2,0

00

m

N

Apparent Conductivity (Mobile MT)

> 6.86 mS/m

5.59 mS/m

5.06 mS/m

4.93 mS/m

4.73 mS/m

4.54 mS/m

< 3.19 mS/m

Induced Polarization

Chargeability

> 25.0 mV/V

6.0 mV/V

5.0 mV/V

4.0 mV/V

3.0 mV/V

2.0 mV/V

0.0 mV/V

TATOGGA PROPERTYQuash-Pass

QUASH-PASS

• Multielement & Index Signatures• Large base metal surface

expression

• Multielement zonation and

corridors

0 500

metres

250

Quash-Pass

Plan MapBase maps:

IP Chargeability,

213 Hz MT, 50 m Elevation

Contours, & Streams.

Projection: UTM NAD 83

Zone 9

• Four Distinct Soil Geochemical Targets• Main Trend, Silverhead, Central, &

Valleyside

1 – 5

5 – 10

10 – 25

25 – 50

50 – 75

75 – 100

100 – 150

>150

Au-in-Soil (ppb)

2019 FIELD SEASON

Respect for Community, Land and Wildlife

• Continuing water quality sampling 2017-2020

• Archaeological surveys of drill and camp sites

• Engaging with TCG Lands Director and the Tahltan Heritage Resources Environmental Assessment Team

• Flight management plan developed to minimize disturbance to community and wildlife

SOCIAL RESPONSIBILITY

Working in Tahltan Traditional Territory

TSXV: GTT 24

Tahltan employees

Exploration spending in

contracts with Tahltan or

Tahltan Partner companies

Community Sponsorship and

Communications Agreement

27%

$3M

~$70k

TSXV: GTT 25

9.9%

Newmont (14.9%) participated in 2 strategic

investments in GT Gold in 2019 5:

• C$17.6M closed on May 29

• C$8.3M closed on December 12

8.914.9

11.9

39.6

24.7

% GTT

Ownership1Retail

Ross Beaty

Institutions

Directors &

Management

1. Source: IR Insight, Cap IQ, Morningstar, direct communication with firms

and SEDI filings to April 20, 2020.

2. As at close of day April 24, 2020.

3. As at April 20, 2020.

4. As at December 31, 2019.

5. Refer to press releases dated May 29, 2019 and December 12, 2019.

.

Capitalization and Balance Sheet (C$)

Share Price2 $1.34

Basic Shares Outstanding3 125.9M

Options Outstanding3 10.4M

Basic Market Capitalization $168.7M

Cash4 ~$15.3M

Total Debt $0

Analyst Coverage

• Agentis Capital - Michael Gray

• Cormark Securities – to be confirmed (analyst left firm Apr 2020)

• M Partners - Bereket Berhe

• Paradigm Capital – David Davidson

• PI Financial - Chris Thompson

• Stifel GMP – Tyron Breytenbach (initiated coverage Apr 17, 2020)

INVESTOR INFORMATION

Equity Structure & Analyst Coverage

TSXV: GTT 26

Advancing Saddle North gold-rich copper porphyry discovery

First drill holes (600 m drilled) - 2017

Discovery made (8,200 m drilled) - 2018

Delineation drilling (23,900 m drilled) - 2019

.......................................................... .......

✓ Metallurgical results - 2020

✓ Geological model

Ongoing engagement with Tahltan Nation

Inferred resource

Exploration of new targets

Preliminary Economic Assessment

MILESTONES AHEAD

2020 Working Towards a PEA and Project Pipeline

Q & A

PAUL HARBIDGE, PRESIDENT, CEO AND DIRECTOR

Sunlife Plaza

1100 Melville Street, Suite 610

Vancouver, BC V6E 4A6

236-427-4711

www.gtgoldcorp.ca

Thank you / Meduh