Copper Lake Resources

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1 Copper Lake Resources Ontario s Next Copper Discovery Copper-Gold-Zinc-Silver VMS Camp December

2 Disclaimer Cautionary Statement These presentation materials include certain statements which may be deemed to be Forward looking 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.

3 Creating Shareholder Value Focus on the Marshall Lake Copper-Zinc-Gold Property Consolidate ownership now 68.75% (option to 87.5%) Value unlocked by collating and integrating historic data Created data driven exploration model Six VMS targets identified in the core area, three of which are drill-ready Excellent road and rail access plus established infrastructure Other assets include Cu-Ni-Co and high grade gold properties

4 Capital Structure December 2017 TSX-V : CPL Shares Issued 104,156,782 $0.05 5,600,000 $0.10 1,125,000 $0.05 6,875,000 $ ,570,364 $0.15 4,673,662 Share price $0.05 Significant Shareholders Dundee Resources Limited 6.0% Goodman Investment Counsel 6.0% Paul Mcgroary 12.7% Edward Yurkowski 9.0%

5 Marshall Lake VMS Copper Gold Camp Large Copper-Gold-Zinc-Silver VMS Camp Thunder Bay, NW Ontario off Highway 11 Significant drilled mineralization in a number of Copper stringer zones Main Billiton Zone Non Resource of 0.82% Cu, 2.71% Zn, 60.36g/t Ag, 0.20g/t Au (A.S. Bayne, 1970) Non Resource at Teck Hill of 1.04% Cu Prior focus on significant copper-zinc mineralization meant gold was neglected Located in the greenstone belt between the Premier-Centerra and the new Landore gold discoveries

6 Marshall Lake VMS Advanced Copper Gold Project 68.75% project ownership and nearing 75% 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 22km north of CN rail, 310km from Thunder Bay Truck accessible year round +400 historical holes

7 Marshall Lake Copper Gold Project Significant Drill Results Zone Target Depth Metres % Cu (% Zn) g/t Ag (g/t Au) Main #1 36.8m 10.1m 1.25% Cu, 1.1% Zn 56.1 g/t Ag, 0.16 Au Main #1 28.0m 9.7m 1.19% Cu, 3.22% Zn 79.5g/t Ag, 0.20 Au Gazooma #2 7.0m 28.0m 1.14% Cu 22.5g/t Ag, 0.17 Au Gazooma #2 3.0m 27.1m 2.03% Cu 37.9g/t Ag, 0.31 Au Gazooma #2 2.0m 28.7m 1.30% Cu 24.7g/t Ag, 0.29 Au Gazooma #2 23.9m 14.8m 2.46% Cu 47.6g/t Ag, 0.34 Au Gazooma #2 1.5m 21.3m 0.83% Cu 15.7g/t Ag, 0.12 Au Teck Hill #3 52.0m 44.5m 0.93% Cu 10.1g/t Ag Teck Hill #3 56.3m 27.8m 0.52% Cu - RM #4 70.0m 24.0m 1.74% Cu 8.9g/t Ag, 0.32 Au RM #4 149m 33.0m 1.53% Cu 6.8g/t Ag, 0.13 Au RM #4 269m 24.0m 1.01% Cu 4.0g/t Ag, 0.09 Au RM #4 172m 23.0m 1.34% Cu 6.7g/t Ag, 0.29 Au RM #1 144m 43.0m 1.38% Cu 5.4 g/t Ag RM #2 84m 70.0m 0.56% Cu 2.7 g/t Ag

8 Marshall Lake: Targets & VTEM Anomalies Property Boundary Enlarged Map N Jewel Box 4 5 RM Zone Gazooma Zone Teck Hill Zone 2 3 Cherry Hill Zone Lin Trend Adnarod 6 Billiton 2 Main Billiton Zone South Billiton 1 72 Occurrence 66 Occurrence Marshall Lake LEGEND Felsic Sill Summit Lake Pluton (Tonalite) Summit Lake Pluton (Marginal) Ultramafic intrusive Felsic Intrusive Felsic Metavolcanic Metasedimentary Clastic Metasedimentary Tuffacious Sandstone Intermediate Metavolcanic km VTEM Conductors Mineralized Zones

9 Marshall Lake VMS Copper Gold Project Billiton Main Zone Historical Assays MAR-06-06: 28.7g/t Au, 3.43% Cu MAR-06-09: 2.70g/t Au, 0.84% Cu MAR-06-06: 2.15g/t Au MAR-06-03: 1.22 g/t Au, 2.07% Cu Historic Non compliant resource of 0.82% Cu, 2.71% Zn, 60.36g/t Ag, 0.20g/t Au

10 Marshall Lake VMS Copper Gold Project VTEM-001 Conductor; South Billiton Untested VTEM Modelled Plate Drill Hole MAR drilled above and to side of the VTEM conductor Intersected massive sulphides Returned 1.25% Cu, 1.04% Zn, & 56g/t Ag Includes 1.93% Cu Plate open and untested down dip at South Billiton Shallow: <150m depth Drill ready target

11 COPPER LAKE RESOURCES LTD Marshall Lake VMS Copper Gold Project VTEM-002 Conductor: Gazooma TSX-V CPL; Frankfurt W01 Drilling at Gazooma stopped above the conductor Hole GAZ-07-10: 1.73% Cu, 0.27g/t Au, & 34g/t Ag Hole GAZ-10-15: 1.88% Cu, 0.62g/t Au, & 42g/t Ag GAZ-08-12: 1.18% Cu, 0.26g/t Au, & 28g/t Ag Historic holes were too shallow and did not target the VTEM mineralized unit Conductor: Open and untested Drill ready target

12 COPPER LAKE RESOURCES LTD TSX-V CPL; Frankfurt W01 Marshall Lake VMS Copper Gold Project VTEM-003 Conductor; Teck Hill Drilling at Teck Hill intersected edge of conductor Hole TK two zones: 3.79% Cu, 0.27g/t Au, & 38g/t Ag 2.34% Cu, 0.11g/t Au, & 25g/t Ag Hole TK drilled above plate hit 1.20g/t Au, 5.20% Cu Historic holes did not reach the target mineralized unit Drill-ready target 1.04% Cu (Historical resource, Non )

13 Marshall Lake: Newly Defined Gold Mineralization in VMS Systems

14 Drill results up to 14.54g/t Au Only tested by 2 drill holes Channel sampling: Up to 0.49g/t Au, 1.62% Cu Marshall Lake Copper Gold Project Gold Rich Zones: Adnarod Zone Mapped over 350m strike length Folded and east plunging Quartz-Sericite alteration Massive Sulphide lenses Plus Billiton 2 Zone: Historic drilling: 2.06g/t Au, 4.90% Cu

15 Marshall Lake VMS Copper Gold Project Gold Rich Zones: Lin Structure 1.2km long Quartz-Sericite alteration, Quartz veins Massive Sulphides Grab samples: 15.35g/t Au, 5.19g/t Au, 4.51g/t Au, 4.12g/t Au, 2.98g/t Au Chip Sampling: Up to 1.05g/t Au, 2.82% Zn

16 Norton Lake Magmatic Nickel Copper Cobalt PGM Property Located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario, Canada NI compliant resource Measured & Indicated : 0.67% Ni, 0.61% Cu, 0.03% Co & 0.46g/t Pd Inferred: 0.66% Ni, 0.59% Cu, 0.59% Co, 0.47g/t Pd Significant extension opportunities Parallel mineralised trend identified

17 Norton Lake Magmatic Ni-Cu-Co-PGM Project

18 Greenstone Belt Gold Properties NW Ontario Low Cost Exploration Patricia and Kenora Districts Good all year round 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 4 High Grade Properties Mine Lake Queen Alexandria Grand Chibougamau Centrefire-Redhat

19 NW Ontario Greenbelt Gold Mine Lake Gold Property Stewart Contact Zone 55.6g/t Au Thomas Lake 62.8g/t Au Au Mine Lake Au 230km NW of Thunder Bay 3x shear zones 1500m long 50m wide Quartz-Fe CO3 veins Qtz-Ser alteration Channels g/t Au g/t Au 29.0g/t Au Grab samples: g/t Au Channel samples: g/t Au Mafic Volcs Felsic Volcs Mafic Intrusions Shear Zone

20 NW Ontario Greenbelt Gold Properties Queen Alexandria Gold Property 47km south of Dryden Quartz veining in chlorite-carbonate alteration, averaging 0.5m wide has been located within a major NNE-SSW shear zone. The shear was historically mined via the Queen Alexandria shaft (1904) which occurs on the property. Grab sampling of outcrops within a trench located 25m from the main vein returned gold assays of up to 9.26g/t, 5.05g/t and 14.31g/t Recent grab samples up to 28.8g/t Au, 140.9g/t Au, g/t Au and 89.3g/t Au No recent exploration work

21 NW Ontario Greenbelt Gold Properties Grand Chibougamau Gold Property Located at Kakagi Lake-Rowan Lake Greenstone Belt, 65km SE of Kenora 2 main gold mineralized zones: the North Zone and Main Zone 1987 drill holes: Main Zone 5.29g/t Au and 6.22g/t Au Recent grab sampling of the zones returned gold assays of up to 2.40g/t and 6.51g/t from the Main Zone and up to 21.0g/t from the North Zone. No subsequent follow-up has been performed

22 NW Ontario Greenbelt Gold Properties Centrefire-Redhat Gold Property Located 40km NE of Dryden within mafic rocks Original target was Redhat VMS by Phelps Dodge Cu. Follow-up drilling by Abitibi Mining in 2011 of a new zone at Redhat returned trench channel sample results of 1.1g/t Au with drill intercepts of 9.17g/t Au and 3.36g/t Au. Prospecting of pyrite zones associated with massive magnetite beds traced from Redhat and to Centrefire prospect 4km away. Recent grab sampling at the Centrefire zone returned grab assays up to 23g/t Au

23 Directors and Management Terry MacDonald, CPA, CA, Director and Chief Executive Officer A Chartered Accountant with over 30 years experience in financial and resource sectors Gary O Connor, MAusIMM, Director Co-CEO, Moneta Porcupine Mines Inc. Former Vice-President, Exploration at Dundee Resources Paul Mc Groary, Director Seed investor of Marshall Lake Project and entrepreneur Dr. Jeffrey Malaihollo, FAus IMM, Director Chairman, Edenville Energy Plc, UK Listed coal producer Edward Yurkowski, Director Founder of Procon Mining and Tunneling Ltd. Lisa Korinek, Chief Financial Officer Wide ranging experience in FMCG sector George Mannard, Chief Geologist Formerly with Moss Lake Gold and Wesdome Gold Robert Middleton, Consulting Geologist

24 Contact Information 501 Alliance Avenue, Suite 401 Toronto, ON M6N 2J1 Canada (Canada) (UK)

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