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INVEST IN TOMORROW, TODAY. XTM – TSXV

INVEST IN TOMORROW, TODAY.

XTM – TSXV | Corporate Presentation

1

Q1 2021


FORWARD-LOOKING

STATEMENTS

ADVENTURESTART HERE

Certain information contained in this presentation, includes information and statements which

may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", and

similar expressions and statements relating to matters that are not historical facts are forward-

looking information. All of the forward-looking information contained in this presentation is

qualified by this cautionary statement. There can be no assurance that the actual results or

developments anticipated by Transition Metals Corporation, Sudbury Platinum Corporation or

Canadian Gold Miner Corporation as expressed or implied by the forward-looking information, will

be realized or, even if substantially realized, that they will have the expected consequences to or

effects on Transition Metals Corp. or its business operations. Transition Metals Corp. disclaims

any intention or obligation to update or revise any forward-looking information as a result of new

information or future events. Readers should not place undue reliance on forward-looking

information.

2

INVEST IN TOMORROW, TODAY. XTM – TSXV INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018

A PROJECT GENERATOR COMPANY POISED FOR

GROWTHTransition Metals Corp (XTM – TSX.V) specializes in

converting new exploration ideas into Canadian

discoveries. By acquiring and advancing multiple projects

simultaneously, the Corporation maximizes shareholder

exposure to discovery and capital gain. Equity dilution is

minimized by offering partners interest in specific projects.

3


A HUGE OPPORTUNITY IN EXPLORATION

An undervalued stock, deep relationships with well

funded partners, ongoing high demand for metals,

over 20 projects and new discoveries on the

horizon, an award-winning technical team with a

proven track record, plus ownership in two

companies set for Public Transactions this year

means now is the time for Transition Metals.

4


FOCUS ON ESG

ENVIRONMENTAL: Environmental standards that minimize

and avoid impact to water, land and air with strict adherence

by all contractors.

SOCIAL: Collaboration with communities and all stakeholders

to create long-term, trusted relationships and high safety

standards.

GOVERNANCE: Accurate and ethical in all business

practices to create transparency for partners and

shareholders

5


6

POISED FOR GROWTH

XTM Private Company Financings (Nov, 2009 to Aug, 2011)

$2.46M @ $0.195 per share (weighted average)

XTM Public Company Financings (August, 2011 to Present)

$8.18M @ $0.30 per share (weighted average)

Total XTM Financings: $10.6M @ $0.21

FINANCING HISTORY

$0.10 to $0.40 per Share

Total Financings (XTM, SPC, CGM): $37.3M

Partner Funding: $35M


CAPITAL STRUCTURE

+SHARE PRICE

PERFORMANCE

46.5M

7

Share Capital

Issued & Outstanding 55,976,389

Options & Warrants 7,688,917

Fully Diluted 63,665,306

2-Year Stock Performance


$0.18Share Price

23% CGM Ownership = $1.2M+

15% SPC Ownership = $3.0M+

7% Forum Energy Metals Ownership = $2.3M+

1.4% Class 1 Nickel = $1.3M+

1% Nova Royalty = $2.7M

$11.5MMarket Cap

=$10.5MValue of

Investments

POISED FOR GROWTH

As at January 15, 2021

$0.24

52-Week Range

$0.11

8


9

Real Value

As at January 2021

*Regarding the Sunday Lake PGM Project alone, BMO Capital Markets assigned a $20M in-situ value. Transition

Metals holds a 25% carried interest

Transition Metals Asset Value SummaryCash $2,000,000

Securities $10,492,870

Properties $12,507,500*

Royalties (based on Nova Royalty transaction) $1,350,000

Milestone Payments ($22 million discounted at 85%) $3,300,000

Goodwill & People $2,000,000

Total $31,309,370


20+ PROJECTS

Pro-mining

jurisdictions

GEOGRAPHIC DIVERSITY MEANS INCREASED POTENTIAL FOR DISCOVERY

NUNAVUT

ON

SKBC

NFLD

NBTRANSITIONMETALS

SPC METALS

CANADIANGOLDMINER

Au

Cu

Au AuAu

Ni

Au

Sn

NS

Ni Co

PGM

• Easily Accessible

• Excellent

Infrastructure

• Secure Land

Tenure

10

Cu

W


Au

NiPGM Cu Co

W Sn

➢ 45% Gold hedge

➢Gold price forecasted to

continue to rise➢Moderate exposure to

energy metals

➢ Base metals prices

forecasted to rise

45%

COMMODITY ALLOCATION DIVERSITY MITIGATES RISK

11

45%


12

Sunday Lake; Location

“We currently ascribe an in-

situ value of $20M for the

Sunday Lake project.”

XTM’s 25% Free Carry = >$5M

SUNDAY LAKE

➢ Commodity: PGM-Ni-Cu

➢ Location: Thunder Bay, Ontario

➢ Geology: MCR-related mafic-

ultramafic Intrusion

➢ Ownership: 25% carried interest

➢ Status: Implats Operator


40% CGM Ownership = $3.2 M+

30% SPC Ownership = $3 M+

9% Forum Energy Metals Ownership = $350K+

0.4% Solo Growth Corp Ownership = $186K

13

DRILLING HIGHLIGHTS

SUNDAY LAKE PROJECT

➢ Broad zones of multigram mineralization with a higher grade core

➢ Best results come from the “Big Red’ MT anomaly.

A - west B - east

Looking

North

Note: Bubbles

scaled to 3E

(Pt+Pd+Au) g/t grade

HOLE ID

INTERVAL PRECIOUS METALS BASE METALS

From (m)

To (m)

Length (m)

Pt (g/t)

Pd (g/t)

Au (g/t)

3E PGE (g/t)

Ni (%)

Cu (%)

SL-13-002 395.00 415.20 20.20 2.11 0.95 0.16 3.22 0.11 0.26

SL-14-003 526.00 541.00 15.00 1.80 0.92 0.12 2.84 0.09 0.22

SL-15-010 723.00 738.00 15.00 1.25 0.75 0.08 2.08 0.08 0.2

SL-15-013 849.70 892.60 42.90 1.92 1.40 0.11 3.43 0.17 0.44

including 871.40 881.50 10.10 3.18 2.28 0.16 5.62 0.28 0.71

SL-17-18B 667.70 703.15 35.45 1.65 1.09 0.09 2.83 0.16 0.41

including 684.50 703.15 18.65 2.43 1.49 0.13 4.05 0.17 0.48

SL-18-021 863.50 899.35 35.85 2.40 1.32 0.18 3.90 0.17 0.43

including 875.05 898.35 23.30 3.34 1.83 0.26 5.43 0.21 0.6

with 890.85 897.35 6.50 5.17 2.62 0.55 8.34 0.36 1.08

SL-18-022 1039.00 1072.20 33.20 1.68 1.03 0.13 2.84 0.12 0.34

including 1056.00 1066.90 10.90 3.08 1.65 0.25 4.98 0.14 0.51

SL-19-026 1392.00 1433.20 41.20 3.22 2.08 0.21 5.51 0.19 0.57

including 1417.40 1433.20 15.80 5.42 3.35 0.34 9.11 0.24 0.88

with 1418.85 1427.15 8.30 7.67 4.97 0.42 13.06 0.32 1.23

SL-19-029 1405.00 1466.00 61.00 1.20 0.80 0.15 2.15 0.15 0.22

including 1455.46 1463.63 8.17 3.20 2.00 0.33 5.53 0.2 0.51

SL-20-031 910.00 931.00 21.00 0.60 0.37 0.05 1.02 0.08 0.15

Including 911.00 912.00 1.00 1.67 1.28 0.10 3.05 0.17 0.40

SL-20-032-W1 1263.00 1286.00 23.00 1.29 1.03 0.09 2.41 0.13 0.33

including 1270.80 1280.00 9.20 2.27 1.85 0.17 4.29 0.18 0.57

SL-20-033 1435.00 1461.00 26.00 1.38 1.05 0.12 2.55 0.13 0.25

including 1442.00 1450.00 8.00 2.15 1.57 0.17 3.89 0.15 0.4

Eq values are calculated using $5.36 Ni, $2.31 Cu, $756.00 Pt, $1,833.00 Pd, $1,696.00 Au US.


14

MT Conductance Map

SUNDAY LAKE PROJECT

➢ MT survey used as main exploration tool.

➢ Following linear trends of conductive response.

➢ Correlates to potential structures, thickening of ultramafic and sulphides traps.

SL-15-013

42.9m @ 3.43 g/t PGM

incl. 10.1m @ 5.62 PGM


SATURDAY NIGHT

➢ Commodity: PGM

➢ Location: Thunder Bay, Ontario

➢ Geology: MCR-related mafic-

ultramafic Intrusion

➢ Ownership: 100%

➢ Status: Seeking Partner

➢ Stage: Geophysics and 1 drill

holed completed

Identical to and along trend

from Sunday Lake

15

Saturday Night; Location


SATURDAY NIGHT PROJECT

➢ Similar negative magnetic signature as other well-mineralized intrusions

16

TBN ProjectSunday Lake

Saturday Night

Thunder


40% CGM Ownership = $3.2 M+

30% SPC Ownership = $3 M+

9% Forum Energy Metals Ownership = $350K+

0.4% Solo Growth Corp Ownership = $186K

17

COMPARISON

SATURDAY NIGHT PROJECT

Saturday Night Sunday Lake

Ownership 100% XTM 25% Carried Interest

Age Proterozoic – MCR related. No date. Proterozoic – MCR related, 1103.5Ma.

Size 800m by 500m (based on ground magnetics, 225m thick.

1.25km by 1.75 km, 200-800m thick.

Geology Layered mafic to ultramafic intrusion. Layered mafic to ultramafic intrusion and chonoliths.

Alteration Strongly altered and highly magnetic hangingwall rocks.

Strongly altered and magnetic hangingwall rocks and upper lithologies. Structurally controlled. Altered footwall.

Mineralization Disseminated to blebby cpy+po along the basal contact.

Disseminated, blebby to massive cpy+po along the basal contact in structural embayments. Disseminated and veins in the footwall.

Drilling 1 hole/601metres 33 holes/~22,050 metres

Magnetics Strong reversely polarized circular magnetic anomaly. Coincident with highly magnetic hangingwall rocks.

Strong reversely polarized circular magnetic anomaly. Coincident with highly magnetic hangingwall rocks.

Gravity Moderate gravity response. Strong gravity response.

MT Strong MT response, 1Hz-40kHz Strong MT response, 10kHz-0.001Hz

Discovery hole

6.25m @ 1.07g/t, incl: 0.30m @ 4.0g/t PGM, 0.56%Cu.

3.65m @ 1.02g/t, incl: 1.05m @ 1.67g/t PGM, 0.60%Cu.


▪ Located 160 km NE of Thunder

Bay.

▪ 10 km north of the TransCanada

Highway.

▪ Located in the Thunder Bay

Mining District in the Pays Plat

Lake Area and the Lower

Aquasabon Area.

▪ Property in about 14 km2 in size.

Maude Lake; Location


19

Maude Lake; Showing


▪ 2001-2004: Novawest Resources – mapping, sampling, 11 drill holes for 1,502 m.

Novawest geologists suggested that mineralization is associated with a pyroxenite that

may have intruded the granites.

▪ Field sampling returned very high, high tenor Ni-Cu-Co values from the main showing.

Maude Lake; Results


Highland Gold; Regional Setting

Highland Project

• The Avalon composite terrane: Orogenic (mesothermal) and Epithermal styles of gold:

– Haile (4.4 Moz), Hope Brook, NFLD (0.84 Moz Ind., 0.11 Moz Inf.)

• Highland is an under-explored part of the Avalon that has been essentially overlooked

• 107 Km2 Property hosting over 30 gold showings

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Compelling evidence for big system

✓ Large, intense epidote, qtz, albite, sericite

alteration

✓ Coincident with 4 Km long region of low magnetic

susceptibility developed around one of the major

structures

Widespread gold mineralization in hanging

wall

✓ > 30 High grade gold showings

✓ 9 showing areas returned grab samples greater

than 8 g/t, 23 greater than 1.7 g/t, 104 g/t sample

from Zone 6B

✓ 3,000 tonne bulk sample with 26 g/t head grade

processed in early 2,000’s at Main Zone

✓ 9.14m @ 23.22 g/t Au (2018)

Hole TMRB-18-019.14m grading 23.22 g/t Au

Main Zone

Macmillan

Hydro Reserv

oir

4km Long Alteration Zone -

Magnetite Destruction

Legend2018 RAB ProgramGold ShowingProperty Outline

Low Mag -AlterationVery Low Mag -AlterationFault Structure

Project

Location

Highland Gold; Large Epithermal Footprint

22


Janice Lake

• Widespread copper mineralization exposed in bedrock over a 10 km x

25 km area (analogous to Udokan; 3.1Bt @ 1% Cu)

• >20 surface showings returning grabs 0.34 to 9.35% copper and 0.7 to

61.7 g/t silver

• XTM hold 2% NSR and $6M in Milestone Payments

• RTEC can earn up to 80% from Forum by spending $30M

• RTEC intersections include:

51.8m @ 0.57% Cu, 1.50 g/t Ag

Incl. 9.1m @ 1.09% Cu, 1.39 g/t Ag

5.0m @ 1.32% Cu,3.42 g/t

Wollaston: Sedimentary Hosted Copper

23

Wollaston Cu Project

• 100% owned along trend from Janice Lake

• Covers known Cu showings interpreted to be on-strike equivalents to Janice Lake

• Grab samples returned: 1.73 to 4.52 % Cu, 0.17 to 0.42 oz Ag/t, and 0.01 to 0.03 oz Au/t


Wollaston Cu Project

Janice Lake - RTEC Deal

$10M over 4 years (51%)

$30M over 7 years (80%)

Currently building 100 km

road and 65 man drill camp.

XTM New Staking

15,000 Ha

24


Aylmer IOCG; Location

25

Large Scale Copper-Gold System

✓ ~3,131 Ha encompassing 119 mining

claims located northeast of the

Sudbury Basin, with favourable

structures and geology

✓ Under-explored polymetallic gold

district has been recently identified by

the Geological Survey of Canada as a

potential Iron-Oxide-Copper-Gold

(“IOCG”) district

✓ Extensive trends of brecciated and

strongly sodic altered rocks close to

major crustal structures

Land packages totaling 154 km2

covering a range of polymetallic

Gold, Copper, Silver, and Tungsten

deposits adjacent to the Sudbury

Igneous


Bancroft Ni-Cu-Co; Location

26

Energy Metals Close to Market

✓ 3,833 hectares of mining claims

✓ 2 hour drive northeast of Toronto

✓ Good property access, infrastructure

✓ Acquired from First Nickel out of

receivership in 2016

✓ First Nickel spent >$5 million

developing targets and drilling ~7,500 m

Discovered PGM mineralization at

Raglan Hills and identified other Ni-

Cu-PGM target opportunities that

remain to be followed up on


Bancroft Ni-Cu-Co; Raglan Hills Area

27

ML North PGM

✓ 2009 PGM discovery

✓ Drilling by FN intersected up to

5.05 m grading 1.98 g/t PGM

(Pt+Pd)

✓ Work by Transition in 2020

highlights coincident mag, EM

bio-geochemical responses at

showing

✓ Similar targets identified that

merit exploration follow up

Raglan Cu-Ni Showing

✓ Cu-Ni mineralization in gneisses

✓ Near surface intersections include:

5.80m grading 0.64% Cu, 0.47% Ni,

and 9.1m grading 0.25% Cu, 0.32%

Ni including 1.2m grading 0.77%

✓ Cu, 1.08%


Aer-Kidd

SPC NICKEL CORP; Sudbury Mining Camp15% Owned

Lockerby East

West Graham Deposit▪ Ind: 8.55Mt @ 0.45% Ni,

0.31% Cu

▪ Inf: 2.0Mt @ 0.38% Ni, 0.30%

Cu

Lockerby East Deposit▪ Ind: 0.18Mt @ 2.32% Ni,

0.78% Cu

▪ Inf: 0.04Mt @ 2.93% Ni,

0.80% Cu

Aer-Kidd Property▪ Past Producer

▪ Exceptionally High Grade

Intersections

▪ Advanced Exploration

28


CGM: 226 km2 in the Abitibi

Ridout Fault

0 40km

N

11

144

560

66

101

101

Qu

eb

ec

Alamos GoldYoung Davidson

3.6 Moz @ 2.7 g/t (P+P)

Tahoe ResourcesJuby Gold

1.1 Moz @ 1.3 g/t (Ind)2.9 Moz @ 0.9 g/t (Inf)

Kirkland Lake GoldMacassa

2.0 Moz @ 20.8 g/t (P+P)

Agnico EagleUpper Beaver

0.7 Moz @ 5.4 g/t (P+P)

IAMGOLDCote Lake

8.3 Moz @ 0.9 g/t (Ind)

Producing Mine

Past Producing Mine

Major Fault

Undeveloped Resource

Abitibi Greenstone Rocks

On

tario

McEwen MiningBlack Fox Complex

1.5 Moz M&I

GoldcorpDome-Hollinger > Moz @ 2.3 Moz @ 1.55 g/t (P+P)

Tahoe GoldLakeshore Mine

0.24 Moz @ 3.21

g/t (P+P)

South Kirkland✓ Camp size property package

✓ Located on new trend south of

Kirkland Lake (host to 35 M oz)

✓ Historical Resource and UG

Infrastructure

Ridout West✓ Optioned to IAMGOLD

✓ Grab samples returned

up to 57.3 g/t Au

West Matachewan✓ 15 km from Young Davidson

✓ Situated on 25 km of prolific

Cadillac Larder Break

DeSantis✓ Historical gold producer in

the heart of Timmins

✓ Outlined Resources with

exploration upside

CGM Property

Acquired from Osisko


SCOTT MCLEAN

HBSc. P.Geo.

CEO & Co-founder

➢ 2004 PDAC Prospectors

of the Year for Nickel Rim

South Discovery

➢ 2014 Ontario Discoverer of the

Year

➢ 35 years experience, 23 years

with Falconbridge/ Xstrata

(Responsible for the Sudbury

Exploration Investment)

GRANT MOURRE

M.Sc, P.Geo

Exploration Manager

➢ 16 years minerals

exploration within NA

focused primarily on Ni-

Cu-Co-PGMs.

➢ 2014 Ontario Discoverer

of the Year

➢ 10 years exploration in

the Sudbury Basin

GREG COLLINS

B.Sc. Eng., P.Geo.

COO & Co-founder

➢ Previous VP Exploration

for Crowflight

➢ Numerous Ni-Cu-PGM

discoveries in Canada

and Vietnam

➢ Over 20 years experience

in exploration, mine

planning and operations,

and management

MANAGEMENT TEAM

30

TOM HART

M.Sc, P.Geo

VP Exp

➢ Co-recipient of the

Northwestern Ontario

Prospectors Association

2004 Discovery of the Year

Award

➢ Specialist in lode gold and

base metals systems on

surface and underground

➢ Over 30 years experience

in exploration and mapping

programs


SCOTT MCLEAN, HBSc. P.Geo.

➢ 2004 PDAC Prospectors of the

Year for Nickel Rim South Discovery

(now Glencore/Xstrata)

➢ 2014 Ontario Discoverer of the Year

➢ 35 years experience, 23 years with

Falconbridge/Xstrata (Responsible for

the Sudbury Exploration Investment)

THOMAS ATKINS, B.Sc., MBA

➢ Past CEO of 4 publicly listed mining

companies, raised approximately $100

million in various equity and debt

financings

➢ 30 years experience successfully leading

exploration and development initiatives

in the Americas

JON BAIRD, B.Sc., P.ENG.

➢ 2013 recipient of the Queen Elizabeth II

Medal and the CIMM Vale Medal

➢ Professional geophysicist and independent

Consultant since retiring as the Managing

Director of the Canadian Association of

Mining Equipment and Services for Export in

January 2015

➢ Past president of the Prospectors and

Developers Association of Canada

31

BOARD OF DIRECTORS

JASON MARKS, P.ENG., MBA

➢ CEO of Metric Asset Management

➢ Past CEO and Chief Investment

Officer of Fiera Quantum Limited, CEO

and Chief Investment Officer of GMP

Investment Management, Vice Chair at

TD Securities, Senior Vice President at

TD Bank, and Vice President at

Citibank Canada

WILLIAM PEARSON, PH.D., P.GEO.

➢ 2015 recipient of the PDAC

Distinguished Service Award

➢ Chief Technical Advisor for Eloro

Resources in Peru

➢ Over 40 years experience in exploration

and mine development programs in 18

countries in North and South America,

Europe, East Asia and Australia

BRIAN MONTGOMERY, LL.B.

➢ Lawyer and a retired partner of Weaver

Simmons LLP

➢ Currently counsel with the Moutsatsos Laakso

Alexander LLP law firm in Sudbury

specializing in business and corporate law

➢ Recognized for his expertise in all aspects of

mining, corporate, real estate, and business

law


WHY TRANSITION METALS NOW? KEY CATALYSTS

SPC Nickel &

Canadian Gold Miner

Public Transactions

in 2021

Potential for two

share dividends

Continued Partner Funded

Exploration

Optioning of key projects

including Saturday Night,

Maude Lake, Highland,

Sawmill, Aylmer

$$

New project

acquisitions and

portfolio growth

NiAu Cu Co PGM

32


Scott McLean P.Geo.CEO & Co-founder

[email protected]

#5 - 410 Falconbridge Road

Sudbury ON P3A 4S4

Telephone: 705-677-6178

33

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