KRL Property, Golden Triangle, BC

TSX.V: ANZ

September, 2020

TSX.V: ANZ

FORWARD LOOKING STATEMENTS

Some of the statements contained in this presentation are forward-looking statements. Forward-looking statements are not historical facts and are subject to a number of risks and uncertaintiesbeyond the Company's control, including, but not exclusively, statements regarding potentialmineralization, exploration results, completion of work program and studies, and future plansand objectives of the Company. Resource exploration, development and operations are highlyspeculative, characterized by a number of significant risks, which even a combination of carefulevaluation, experience and knowledge may not eliminate, including, among other things,unprofitable efforts resulting not only from the failure to discover mineral resources but fromfinding mineral deposits which, though present, are insufficient in quantity and quality to return aprofit from production. This presentation does not constitute an offer of the securities describedherein.

Jason Weber, P.Geo., is the Company’s Qualified Person as defined under National Instrument 43-101. He is responsible for the technical disclosure in this document.

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PROPERTY PORTFOLIO

› Yanac

PERU NEVADA

› East Walker› Bellview› Horsethief› BP› Ashby

MEXICO ROYALTIES

› Yago› San Pedro› Mesquites1% NSR capped at $1 million on each.

YUKON

› White River› Prospector

Mountain› MOR› Goz Creek› Tim› Haldane

Projects in four jurisdictions with excellent discovery potential:

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PERU ROYALTY› Pucarana

1.08% NSR

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KRL Property Highlights

› Located in one of the prolific “Golden Triangle” of northwest BritishColumbia

› Mining friendly jurisdiction› Road-access to within 2 km of property› Hydroelectric power within 5 km of property› Fractured ownership, lack of coherent exploration since late 1980s› Vein swarm exposed over 400 by 600 metre area in alpine, consisting of a

minimum of 11 veins.› High grade gold mineralization within known vein systems exposed in

alpine with potential for mineralization at lower elevations covered bytalus and vegetation– Consecutive channel samples from Trench 1, collected on one-metre spacings

assay 56.01, 35.92, 122.86, 194.23 and 64.04 g/t over 50-70 cm each.› Opportunity to find structural traps or fluid source where veins may be

wider

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Golden Triangle, BC

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› 2018 discoveries by Golden Ridge (327 m @ 0.31% Cu, 0.35 g/t Au), Aben (10 m @38.7 g/t Au), GT Gold (430 m of 0.67 g/t Au, 0.41% Cu)

› Pretium in production at Brucejack, significant exploration programs at Snip, Eskay, Premier and discoveries in recent years by Colorado and GT Gold.

Emerging as one of North America’s premier mining districts

- Multiple deposit styles (High-grade gold veins, porphyry, VMS deposits)

- Recent discoveries, new infrastructure (road, power)

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KRL Area

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Alexco

› Adjacent to Aben’s Forrest Kerr project (10 m @38.7 g/t Au)

› Northwest of Eskay Creek minesite.

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KRL Infrastructure

Road accessPowerline

Power Station

Bob QuinnLake

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KRL Property

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Intake Tunnel(McLymont)

Access Road

Power Station(Forrest Kerr)

Gold Showing6290000N

6292000N

6288000N

6286000N

3920

00E

3940

00E

3960

00E

3980

00E

KRL Property

TSX.V: ANZ

KRL Property 2018 Sampling

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Intake Tunnel

Access Road

Power Station

KRL Showing

50 m

7.94122

8.243.15

22.70.234

7.43

0.2350.008

0.008

KRL ShowingRocks (g/t Au)

6290000N

6292000N

6288000N

6286000N

3920

00E

3940

00E

3960

00E

3980

00E

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KRL Mineralization - Historic Trenches 1 & 9

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Power Station

› Samples highlighted yellow exceed 0.25 oz/ton gold (8.5 g/t Au)

› Sulphides (including chalcopyrite) and visible gold (up to 2 mm blebs) are noted with high grade samples

9.19 g/t Au – 15 cm

31.74 g/t Au – 7 cm229.47 g/t Au – 12 cm

67.67 g/t Au – 15 cm30.24 g/t Au – 12 cm

248.10 g/t Au – 12 cm45.25 g/t Au – 15 cm

64.04 g/t Au – 60 cm194.23 g/t Au – 50 cm

35.92 g/t Au – 50 cm56.01 g/t Au – 50 cm

10.01 g/t Au – 70 cm

12.48 g/t Au –50 cm

122.86 g/t Au – 50 cm

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KRL Gold ProjectTrenching in 1989› Limited by property

position. Showing was at/near property boundary

› Veins exposed in alpine – little/no work downslope and to north

› Soil geochemistry helpful in identifying new veins?

› Potential for more/wider veins below treeline?– Soils and prospecting

are first phase of work.12

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2019 KRL Program

› Prospecting, soil geochem and mapping to identify controls on mineralization and new veins

› Identified ~800 m long corridor of gold-bearing veins. – Largely covered by overburden– Near contact of massive andesite and sediments, bound by

NE trending faults› New high-grade gold-bearing quartz veins

approximately 100 and 220 metres southeast of the main showing area, returning 9.2 g/t and 35.7 g/t gold

› New gold and base metal soil geochemical anomalies identified to east of showing area

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2019 Compilation – KRL Property

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800 m long gold vein trend

New high-grade gold vein mineralization (2019)

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Typical limonitic vein with chalcopyrite and pyrite, with white and blue-grey quartz.

22.7 g/t Au

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Typical limonitic vein with chalcopyrite and pyrite, with white and blue-grey quartz.

122 g/t Au

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vein

Looking NW

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Looking to SE30-50 cm vein with rubble and narrow parallel vein with small blowout zone

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Forrest Kerr Power Station(approx. 5 km south of KRL) at the junction of McLymont Ck (not shown) and Iskut River (bottom of photo)

TSX.V: ANZ

KRL Property

› Located in one of the prolific “Golden Triangle” of northwest British Columbia

› Road-access to within 2 km of property › Hydroelectric power within 5 km of property› High grade gold mineralization within known vein systems exposed in

alpine with potential for at lower elevations covered by talus and vegetation– Consecutive channel samples from Trench 1, collected on one-metre spacings

assay 56.01, 35.92, 122.86, 194.23 and 64.04 g/t over 50-70 cm each.› 2019 program identifies vein corridor and additional high-grade gold

mineralization– Next steps include detailed mapping prospecting of vein corridor to define

drill targets.– Hand trenching in areas of subcrop– Further prospecting and mapping in vicinity of new soil geochemical

anomalies.– Drilling

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Slide Number 1FORWARD LOOKING STATEMENTSPROPERTY PORTFOLIOKRL Property HighlightsGolden Triangle, BCKRL AreaKRL InfrastructureKRL PropertyKRL Property 2018 SamplingKRL Mineralization - Historic Trenches 1 & 9KRL Gold Project2019 KRL Program2019 Compilation – KRL PropertySlide Number 15Slide Number 16Slide Number 17Slide Number 18Slide Number 19KRL Property