Advancing High Grade Gold Assets in Red Lake, Ontario

Advancing High Grade Gold Assets in Red Lake, Ontario

Forward Looking Statement Except for historical information contained herein, this presentation may contain forward-looking statements including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherit risks and uncertainties. Although Great Bear Resources Ltd. (GBR) believes that such expectations are reasonable, there can be no assurance that such expectations will prove to be correct, and therefore actual results may differ materially from those currently anticipated in such statements. You are cautioned not to place undue reliance on any such forward looking statements, whether made in this presentation or in any question and answer period related to this presentation. Qualified Person R. (Bob) Singh, P.Geo, is the Qualified Person as defined by NI 43-101 standards responsible for reviewing the technical content of this presentation. 2

Red Lake: High grade from surface gold 3

Dixie Lake project, Red Lake, Ontario Great Bear buying 100% interest for remaining cash payments of $150,000 spread over 4 years Expanded land package to 9831 Ha Great Bear owns NSRs on project High grade, from surface gold with road access in Red lake district 4

Dixie Lake project, geology & location Similar geological setting to the Active Mine and active exploration projects. (Mafic-Felsic sequences within the Red Lake Greenstone Belt (RLGB). Zones occur in folded and thinned areas of the greenstone, near sedimentary sequences (unconformity). Dixie Lake property lies in transition zone between the RLGB and the Birch-Uchi greenstone belt. 5

High grade gold mineralization In 2017 Great Bear drilled highest grade widest intercept on the property to date: 16.84 g/t Au over 10.4 metres Identifies structural control to the gold mineralization Identifies widespread silica/sulphide replacement along structure host to high grade gold Gold occurs in multiple rock units and is not restricted to a particular lithology or vein set. Hole Number DL-001 DL-002 DL-003 DL-004 DL-005 DL-006 DL-007a DL-008 From (m) To (m) Width (m)* Au (g/t) 136.40 141.00 4.60 4.07 including 140.50 141.00 0.50 10.50 122.00 128.50 6.50 1.33 including 124.50 125.70 1.20 3.06 53.25 67.00 13.75 2.11 including 60.30 61.30 1.00 6.35 56.20 62.50 6.30 5.56 including 59.50 60.50 1.00 8.33 162.60 173.00 10.40 16.84 including 164.60 172.45 7.85 21.53 and including and including 170.75 172.45 1.70 82.54 171.40 172.45 1.05 130.10 64.60 73.95 9.35 1.56 including 72.10 72.80 0.70 3.66 74.80 82.90 8.10 1.60 including 77.30 78.30 1.00 5.23 and 89.80 116.30 26.50 1.30 including 97.30 100.30 3.00 5.25 175.50 182.00 6.50 1.09 including 181.40 182.00 0.60 7.12 6

Dixie Lake geology & structure DL-001 high strain (shear zone) proximal to mineralization DL-001 Alteration zone with silica / sulphides in breccia textured sediments. Folding in sediments 7

Dixie Lake geology & mineralization Key geological controls recognized in 2017 drilling, core-relogging and 3D geological modelling. DL-005 Mineralized zone with silica/ sulphides and visible gold. DL-005 Visible gold in in silica replacement zones hosted in Basalt 8

New airborne geophysics New Airborne magnetic data highlight known zones and continuity of known zones into areas were historical drilling has identified gold mineralization 9

Dixie Lake gold zones Key geological controls recognized in 2017 drilling, corerelogging and 3D geological modelling. Interpretation suggests multiple parallel zones with fold relationships. Historic work focussed primarily on iron formations and quartz veins current work will focus on structure and hydrothermal replacement zones. 10

1 1 Dixie Lake gold zones Key geological controls recognized in 2017 drilling, corerelogging and 3D geological modelling. Interpretation suggests multiple parallel zones with fold relationships. Historic work focussed primarily on iron formations and quartz veins current work will focus on structure and hydrothermal replacement zones.

3D Model and data validation Great Bear carried out significant data validation, 3D modelling, core re-logging and sampling prior to initiating the drill program. Central zone consists of anastomosing zones of silica sulphide replacement, contacts have higher grade gold. Historical work often did not sample all of the core important for finding lower grade edges to the system. Historical work contained data transcription and hole location errors resulting in underestimation of assays and inconsistent continuity. 12

Long Section Great Bear carried out significant data validation, 3D modelling, core re-logging and sampling prior to initiating the drill program. Long section looking northeast shows four steeply plunging higher grade gold zones which are open at depth and along strike. 13

Long Section At scale side by side comparison of the McVeigh Zone at Madsen. 14

On Strike Potential New Airborne Geophysics and new 3D modeling 3D perspective view looking northwest shows strong correlation between known mineralized zones and geophysical response. Several km s of strike length undrilled. Depth potential is not tested. Fold hinge depth is untested 15

Geochemical data Great Bear completed near total digestion ICP work on all core samples. In 2017 100% of the drill core was sampled. Multi-element data collected by Great Bear in 2017 suggest at least two different rock units are altered and contain gold. Mafic and Sedimentary rocks identified in both hand sample and geochemistry appear to be altered and mineralized. 16

West Madsen project, Red Lake, Ontario Great Bear buying 100% interest for remaining cash payments of $124,000 spread over 4 years & 100,000 common shares Expanded land package to 2725 Ha Great Bear has purchased all royalties for 200,000 commons shares West madsen on strike to Historic madsen and starratt Olsen mines, directly contiguous to pure gold s madsen property 17

West Madsen project (100%) Within Greenstone belt host to the adjacent historical Madsen and Starratt Olsen mines Recent eastern expansion of Block A of 725 ha to 2725 hectares for all West Madsen claims Results from neighboring Pure Gold s Madsen include: 18

Exploration Programme Great Bear controls 9831 Hectares in Red Lake across two properties. 100% earn in royalty free remaining payments of $150,000 over 4 years. Q4 2017 complete airborne Geophysics over entire property with follow-up mapping, prospecting and rock sampling Q1 2018 3,000 metre drill program over Dixie Lake zone. 19

Financial Shares outstanding 18.2M Options 1.2m Warrants 10.3m at $0.20 - $0.50 Corporate Office Suite 1020 800 W. Pender St. Vancouver B.C. Canada, V6C 2V6 Investor Relations Knox Henderson (604) 551-2360 khenderson@greatbearresources.ca Management and Board Chris Taylor, M.Sc., P.Geo. Director, President and CEO Bob Singh, B.Sc., P.Geo. Director, VP Exploration Rob Scott, CFA, CA Chief Financial Officer David Terry, Ph.D., P.Geo. Director Doug Ramshaw, B.Sc. (A.R.S.M.) Director Tony Ricci, CPA, CA Director Advisors to the Board John Robins, P.GEO Founder Hunter Exploration, Stornaway Diamonds, Kivalliq Energy, North Country Gold and Kaminak Gold (sold to Goldcorp). Jim Paterson, B.Comm 20 years of corporate activities/finance including Kaminak Gold, Kivalliq Energy 20