Specialtyfertilizers&plantnutritionforachangingworld

CorporatePresentation

Q42016TSXV:CPM

Forward-LookingInformation

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This presentation is for informational purposes & does not constitute an offer or a solicitation of an offer to purchase securities. This presentation contains "forward-looking information" within themeaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements related to activities, events or developments that Crystal Peak MineralsInc. (“CPM” or the “Company”) expects or anticipates will or may occur in the future, including, without limitation; statements related to the economic analysis of the Project; the Feasibility Study;mineral resource estimate; the permitting process; environmental assessments; business strategy; objectives & goals; & exploration of the Sevier Playa Project. Forward-looking information is oftenidentified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential","anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words & phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" betaken, occur or be achieved.

Forward-looking information is based on a number of factors & assumptions made by management & considered reasonable at the time such information is provided. Forward-looking informationinvolves known & unknown risks, uncertainties & other factors that may cause the actual results, performance, or achievements to be materially different from those expressed or implied by theforward-looking information. The Company’s Preliminary Feasibility Study (the “PFS”) is, by definition, preliminary in nature & should be considered speculative. It is based upon a process flow sheetthat may change, which would impact all costs & estimates. Operating Costs for the Project were based upon assumptions including future energy costs, natural gas costs, water costs, labor, & othervariables that are likely to change. Capital Costs were based upon a list of equipment thought to be necessary for production. SOP price forecasts were based upon third-party estimates &management assumptions that may change due to market dynamics. The mineral resource estimates were based upon assumptions outlined in the “Resource Estimate” section. Some figures werecalculated using a factor to convert short tons to metric tonnes. Changes in estimated costs to acquire, construct, install, or operate the equipment, or changes in projected pricing, may adverselyimpact project economics. Among other factors, the Company’s inability to complete further mineral resource & mineral reserve estimates; the inability to complete a Feasibility Study; the inabilityto obtain sufficient recharge; the inability to anticipate changes in brine volume or grade due to recharge or other factors; changes to the economic analysis; the failure to obtain necessary permits toexplore & develop the Sevier Playa Project; environmental issues or delays; inability to successfully complete additional drilling at the Sevier Playa Project; factors disclosed in the Company's currentManagement's Discussion & Analysis; as well as information contained in other public disclosure documents available on SEDAR at www.sedar.commay adversely impact the Project.

The information presented herein was approved by management of the Company on November 1, 2016. Although CPM has attempted to identify important factors that could cause actual actions,events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, orintended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assistinginvestors in understanding the Company's plans, objectives, & goals & may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-lookinginformation. CPMdoes not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This Investor Presentation should be read in conjunction with the Company’s technical report titled “NI 43-101 Technical Report Preliminary Feasibility Study of the Sevier Lake Playa sulfate of PotashProject, Millard County, Utah,” filed on November 18, 2013with an effective date of October 25, 2013 (“PFS”), available at the Company’s website and on its SEDAR profile at www.sedar.com.

Qualified Persons for that report include:• Michael Blois, MBL Pr. Eng., is the Qualified Person in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) who has reviewed, &is

responsible for, the mineral processing &metallurgical testing, recovery methods, infrastructure, capital cost, &operating cost estimates described in this MD&A &has approved it. Mr. Blois is anindependent consultant contracted by the Company.

• Lawrence D. Henchel, P. Geo., Vice President Geological Services with Norwest Corporation, is the Qualified Person in accordance with NI 43-101 who has reviewed the resource estimate in thisMD&A&has approved it. Mr. Henchel is an independent consultant contracted by the Company.

• Michael Hardy, P. Eng., President with Agapito Associates, Inc., is the Qualified Person in accordance with NI 43-101 who has reviewed the mining methods described in this MD&A &hasapproved it. Mr. Hardy is an independent consultant contracted by the Company.

• Scott Effner, P.G., Principal Geochemist/Hydrogeologist withWhetstone Associates, is the Qualified Person in accordance with NI 43-101 who has reviewed the hydrogeological modeling contentin this MD&A&has approved it. Mr. Effner is an independent consultant contracted by the Company.

• David Waite, P.E., Senior Engineer with CH2M HILL is the Qualified Person in accordance with NI 43-101 who has reviewed the environmental &permitting content of this MD&A &has approvedit. Mr. Waite is an independent consultant contracted by the Company.

CPMHighlights– PremiumSpecialtyFertilizer• Potassiumsulfate(SOP)premiumpricedspecialtyfertilizerwithgrowingdemand&

strongpricing

• ProjectlocatedintheUS,adjacenttothehighestpricepointintheSOPmarket

• Accessiblerailinfrastructurewithdirectroutestomarket

• CPM’sbrineproduction&sustainablesolarevaporationSOPprocessingfacilitatethelowestquartileCapExandOpEx

• CPMintendstobeoneofthehighestmarginSOPoperationsglobally

• Advancedstageproject– BankableFeasibilityStudy(BFS)dueinJuly2017

• C$90millionequityfinancingcommitmentfromEMRCapitalResources(EMR)

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• Potassiumsulfate(K2SO4 or“SOP”)– Usedinfertilizers,providingboth

potassium&sulphur– SOPdoesnotcontainchloridelike

potassiumchloride(“KCl”)producedasmuriateofpotash(“MOP”),mostwidelyusedpotassiumbasedfertilizer

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SOP– PremiumFertilizerforToday’sWorld

• Increasedcropyields:– Stimulatesgrowth– Improveddisease&droughtresistancewith

thickeroutercellwalls– Improvescolor,flavor&storingqualityof

fruit&vegetables• SOPmustbeusedforsensitivehighvaluecrops,

includingnuts,fruits&vegetablesaschloridefromMOPcanbeharmful

• Salineandaridsoilsrequireadditionalsulfatenutrients

• LesssensitivecropsmaystillrequireSOPforoptimalgrowthifsoilaccumulateschloridefromirrigationwater

• Subsurfaceirrigation– SOPissoluble&canbedelivereddirectlytoplantswithsubsurfacewaterdelivery

WhatisSOP? WhyUseSOP?

TypesofSOPProduction• BrineProcessing:turnsnaturalpotassium-rich

brinesintoSOP,usinglow-costsolarevaporation.Lowestcostsinindustry

• KCl+SulphateSalts: ConvertspotassiumbearingmineralstoSOPwiththeadditionofsulfatesalts

• MannheimProcess:ConvertsMOPtoSOPusingasulphuricacid&hightemperatureenergyintensiveprocess.Highestcostsinindustry

BrineProduction

ReactedSaltsProduction

MannheimProduction

0

100

200

300

400

500

600

0 500 10001500200025003000350040004500500055006000

Operatin

gcost(U

S$/t)

Annualproduction

• Increasingpopulations+decliningarableland+changingdiets=needforhighercropyields

• Growingmoresensitivecropsasconsumptionpatternschange

• ResearchdrivingincreasedSOPconsumptionfornewmarketssuchaspotatoes

• ClimateChange&droughtinmajorgrowingregionsrequiretheuseofmoreSOP

5CPMPFSOPEXUS$181/t

SOP– IncreasingPricing&SupportLevels

• Brineprocessing:– Keyproducers:CompassMinerals&SQM

• KCl+sulfatesalts:– Keyproducers:K+S,Rusal

• Mannheimprocess:– Keyproducers:TessenderloGroup,

Chinese

PriceGrowth

PriceSupport IndustryCostCurve

CompassMineralsSOPSalesPrice1

1– Source:CompassMineralscompanyreports

$500

$550

$600

$650

$700

$750

$800

$850

$900

2010 2011 2012 2013 2014 2015 H12016

CompassMineralsSOPSalesPrice(US$/mt)

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SevierLakeProjectPrimaryDemandMidTierDemand

• Globalpotassiumfertilizermarket:64milliontonnesperannum

• GlobalSOPmarket:6milliontonnesperannum• SOPCAGR: 4-6%through2020• AdditionalexpectedgrowthascertainMOP

usageareastransfertoSOP

SOP– MarketSizeMOP55mtpa

SOP6mtpa

NOP1.4mtpa

SOPM1.4mtpa

PotassiumFertilizerMarket

USMarket

• CurrentU.S.Market:550,000to600,000tonnesperannum

• California:1/3oftheU.S.Market(approx.)- Productionofhighvaluesensitivecrops,suchasalmonds,and

- Continuingwatershortages• Growth: Potentialuptoapprox.970,000tonnes

perannumoverthenext5years

Source:ParthenonStudy

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SevierPlayaProjectOverview

Location CentralUtah

Size About124,200acres

Product SOP(Potassiumsulfate)

Resource:(K2SO4)

M&I: 31.486milliontonnesInferred:2.560milliontonnesOver30yearssupply@300,000tonnesperannum

DepositType: Terminallakesalt brine

Process: Solarevaporation

Stage: BFSunderwaytobecompletedinJuly2017

1980’sDevelopment:

Evaporationponds&brinecollectiontrenchbuilt.Salt&magnesium chloridebrinewereproducedin1989&1990&testpondsoperatedtoproducepotashsalts

SevierPlayaataGlance

SevierPlaya

Source:PFS&Companyreports

• Utah,U.S.– Mining-friendlystatewithtrainedlocal

workforce– Welldocumentedpermittingprocesswith

manykeypermits,suchaswater,alreadyinplace

– CPMapplyingforstatesupport,especiallytaxrebate

• Provenpotassiumfertilizerproducingbasin– CompassMinerals(SOP)&Intrepid

Minerals(MOP)

• Regionisprovenevaporationenvironment– CompassMinerals’producingSOP

operationusingbrineextraction&evaporation

• Raillinedirectaccess– California,– MainU.S.growingregions– PortsonbothAtlantic&Pacificcoasts

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SevierPlaya– ProjectLocation

IntrepidPotash(MOP)

CompassMinerals(SOP)

IntrepidPotash(MOP)

ApproximateOutlineofAncientLakeBonneville

CRYSTALPEAKMINERALSSevierPlaya

SALTLAKECITY

Utah

• AccessbyrailtoU.S.coremarkets– Lessthan500milestolargest

U.S.SOPmarket:California– EaseofaccesstoextensiveU.S.

widerailnetwork• Accessbyrail&porttointernational

markets– East&westcoastoceanports

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SevierLakeProjectIntegratedRailLinePortAccesstoPacific/Atlantic

SevierPlaya– ProjectLocation

IntegratedU.S.RailSystem

ExcellentLocalInfrastructure

• Localinfrastructure:– Roadtoproposedplantsite– 15milestorailline– 35milestonaturalgaspipeline– 52milestopowersubstation

UnionPacificRailroad

Freeway

Legend:

LUMALeases

CPMLeases

ProposedPlant

ProposedRailLoadout

TownofDelta

AccessRoad

Powerline

GasPipeline

N

Source:PFS&Companyreports

• Projectdebt:– Expectedtobeintheregionof

65%projectfinance

• ConstructionequitycommitmentfromEMR:- LargerofC$60mor1/3ofproject

equity

• Alternativessourcesoffinancing:- Off-take- Infrastructure,sale&leaseback- Equipmentleasing

• CapEx:- PFSestimates:US$378million- 300,000tonneperannum

operationfor30-yearminelife- Lowlevelofinfrastructure

investmentrequired

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CapEx&Financing

0

200

400

600

800

1000

1200

DevelopmentAssetCapEx

CapEx AchievableFinancing

US$m

Source:PFS&Companyreports

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Production Metrics(USD)

ProductionRate

Year1Year2Year3(Nameplate)

50,000tpy100,000tpy300,000tpy

MineLife 30years

ProjectEconomics(USD)SOPPrice(2020) $721/t

EBITDAatNameplateProduction $143million

Pre-tax NPV(8%Discount)Pre-taxIRR

$957million24%

After-tax NPV(8%Discount)After-taxIRR

$629 million20%

Payback 5.5years

EffectiveTaxRate 29%

ProductionRoyalty 5.61%

SevierPlayaProject– RobustPFSComplete

OperatingCostEstimates(USD)UnitOperating Costs:

LaborPowerNaturalGasReagents,Consumables&MaintSaltHarvest&HaultoRailG&A

$34.76/t$13.97/t$37.57/t$40.34/t$37.57/t$16.70/t

TotalCashCosts $180.91/t

CapitalCostEstimates(USD)Capital Costs:PlayaInfrastructurePlant FacilitiesUtility InfrastructureRail

$49million$167million$45million$31million

DirectCosts $292million

IndirectCostsContingency

$50million$36million

TotalCapitalCosts $378million

SustainingCapitalCosts(LoM) $199 million

Source:PreliminaryFeasibilityStudyFirstProductionupdatedto2020.PressRelease(Feb2016)

Source:PFS&Companyreports

BFS– OpportunityforCapEx&OpExoptimization

• Optimizationopportunityofitemsincluding:– CapEx – acceleratingtimetomarket– CapEx – scalability– CapEx – capitaldeployment– OpEx – environmentalsustainability– OpEx – statetaxsupport– Revenue – increasedproductionandsaleofassociatedminerals

• BFSscheduledforcompletioninJuly2017

• BFScatalystforfinalsubmissionofEISpermittingprocessdocuments

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OptimizationsforBankableFeasibilityStudy

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SevierPlayaProject– ResourceEstimateEstimatedMineralEquivalentCompoundsfromBrineResource

Resource

Classification

(Milliontonnes)

SOP Bitterns SaltCake Halite

K2SO4 MgCl2 MgSO4 Na2SO4 NaCl

Measured 11.344 12.464 15.746 34.432 243.666

Indicated 20.142 22.641 28.604 61.335 416.176

Measured+Indicated 31.486 35.104 44.350 95.768 659.841

Inferred 2.560 3.111 3.931 8.051 51.113

• Mineralresourceestimateisdelineatedfromsurfaceto30metersbelowsurface

• Additionalupsideasmineralizationcontinuestodepth

• PFSeconomicsexcluderevenuefromadditionalessentialminerals

Source:CPMPFS

Source:PFSandCompanyreports

AssociatedMinerals Usage

Salt Snowmelt,industrial

Magnesiumchloride Dustcontrol, snowmelt,erosioncontrol,fertilizer

Magnesiumsulfate Fertilizer, industrial,medical

Lithium Batteries,ceramics

Boron Fertilizer,water treatment

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PotentialAdditionalRevenueStreams

PeerComparables

PotentialAdditionalRevenueStreams

Company AdditionalRevenueStreams Comment

Compass Minerals SaltMagnesiumchloride

1.4milliontonnesperannum700,000tonnesperannum

SQMLithiumPotassiumandsodiumpotassiumnitrate

40,000tonnesperannum500,000tonnesperannum

Source:CompassMinerals;SQM

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CPM– KeyMilestones&Catalysts

EIS– EnvironmentalImpactStudyNTP– NoticetoProceedROW– RightofWayGrantsPSD– PreventionofSeriousDeterioration

YearQuarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

EngineeringScheduleFeasibilityStudy

DetailledEngineering

FinancingScheduleProjectFinancing

PermitingScheduleUSArmyCorpsofEngineers MinorSourceAirPermit

DraftEISBLMMiningPlan/DOGMLargeMinePermit

PlanofDevelopment(POD)RecordofDecision(ROD)

OtherConstruction&OperatingPermits

ConstructionSchedulePilotPond/TrenchDevlopment/InitialPumping

PondConstruction/BrinePumpingProcessPlantConstruction

SOPProduction EvaporationSeason

Sept2016UpdatedTimeline(PilotPonds/TrenchesIncluded)2016 2017 2018 2019 2020 2021

020406080100120140160180

EBITDAProgression

• ProjectNPV8:US$629million1

• FullproductionforCPMwouldgiveanEBITDAofUS$143million

• CapExtoreachfullproductionofUS$378million

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FutureValuation

• CompassMinerals,themostdirectU.S.producingpeer,tradesata9.4xmultiple

• Recentindustryacquisitionsat9.9xto11.9xEBITDA

PeerGroupValuations

FutureCashFlow US$m

Source:Bloomberg

1- at$721/tonneSOP.Source:PFS&Companyreports

0

5

10

15

20

25SQMUSEquity

CMPUSEquity

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FinancialOverviewShareOwnershipCPM

Ticker– Canada: TSXV:CPM

Ticker– U.S.: OTCQX:CPMMF

Price: (approx.) C$0.29/share1

SharesOutstanding: (approx.) 196million2

MarketCapitalization:(approx.)

C$57million1

EMRInvestment

Initialcommitment:(June2015) C$10millionatC$0.30/share

Followoncommitment: (May2016) C$20millionatC$0.42/share

Futureinvestment:(atpointofconstructiondecision): C$60millionor upto1/3ofprojectequity

Valuationmethodology: “StairStep”investmentbasedonprojectvalue&achievingmilestones

1–Source:shareprice&marketcapasof09/30/2016(Canadiandollars)otherdetailssourcedfromPFSandCompanyreports

EMR,43%

Tata, 15% Knox,6%

Management,9%

Float,27%

2– issuedandoutstanding– doesnotincludeunexercisedwarrantsandoptions

GovernmentandLocalSupportBroadsupportfromstate,county,andlocalofficials• Jobs• TaxRevenue• TaxCreditBillApproved

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Federal Government BLMassistanceonpermittingthroughregularmeetinganddirectdialogue

StateGovernment SupportfromSenateBill216“UtahHighCostInfrastructureDevelopmentTaxCredits”– upto50%ofCapEx inpostperformancetaxcredits

CountyGovernment SignificantsupportfromMillardCountyCommissionandDirectorofEconomicDevelopment. MillardCountytomaintain15-mileroadtoproject

LocalCommunity EngagementwithlocalcommunityandstakeholdershashelpedcultivatesupportfortheProject

PreliminaryFeasibilityStudyeconomicsshowgreatbenefittoStateofUtah

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LeadershipManagement

LanceD’Ambrosio– CEO&ExecutiveBoardChairman• 30+yearsexperienceinfinancing,building,&

operatingstart-ups• NamedE&YEntrepreneuroftheYearin2002BlakeMeasom – CFO• Financeexecutivewith25+yearsofexperience• FormerCFOofBarrickNorthAmerica&formerCFO

ofKennecottEnergyCompany,asubsidiaryoftheRioTintoGroup

DeanPekeski– VPProjectDevelopment• 20+yearsasprojectmanager• ManageddevelopmentofMilestonePotashProject

inSaskatchewanforWesternPotashWoodsSilleroy– VPOperations&CorporateSecretary• 25+ofoperations&naturalresourceexperience• FormerVP&ChiefOperatingOfficerLeeAnn Diamond– EnvironmentalManager• Over30+yearsof westernU.S.basedtechnicaland

complianceexperience• FormerprojectmanagerforKleinfelder

DeLyleBloomquist– LeadIndependentDirector• FormerPresidentofGlobalChemicalsBusinessat

TataChemicalsandformerCEOofGeneralChemicalIndustrialProducts

DanBasse– Director• PresidentofAgResourceCompanywith40+yearsof

experienceincommodity-basedindustriesTedBotts– Director• FormerexecutiveatUBSGroup&GoldmanSachs&

PresidentofKensingtonGateCapitalDonaldCarroll– Director– EMRrepresentative• SeniorexecutivewithBHPBillitonfor30+yearsin

BHPJapan,BHPIndia,&BHPMarketingAsiaRobCurtis– Director– EMRrepresentative• Geologistwith19+yearsexperienceexecuting

investmentsinSandfire,IMX,ToroEnergy,&othersJohnMulhall– Director– Tatarepresentative• CFOofTataChemicalsLimitedThomasPladsen– Director• Financeexecutivewith35+yearsofexperience

BoardofDirectors

EMRInvestment• EMRcommitmentofnotlessthanC$90million

orone-thirdofprojectequityinthreetranches• Specialistresourcesprivateequitymanagerwith

deep linkagestoAsianmarkets- inparticular,commoditypurchasers&endusers,resourcescompanies,investors,&governments

• Focused onfourcommodities:potassiumfertilizer,gold,copper,&metallurgicalcoal

• Targetinvestmentsinprojectswith:– acompellingresourceopportunity,– bottomquartileCapEx&OpEx,– astablejurisdiction&proximitytoexistinginfrastructure,and– alocationwheretargetmarketsalreadyexist&wheremajoroperators

residewhomightpursuefutureM&A

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EnvironmentalRelevanceProcessandproductswithpositiveimpactsonourenvironment’smostpreciousresources: Air,Water,Land

Environmentallyresponsibleproductionprocessharveststhepowerofthesun

• SolarevaporationprovidesCPMwithlow-carbonfootprintproductionprocess

• SolarpondsallowCPMtoharnessthesun’ssolarenergyforproductionprocess

• MostofCPM’senergyneedswillcomefromarenewablesource

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SustainabilityProductssuitedfortoday’schallengingandchangingenvironment

• SOPislowinchlorideswhichispreferredinaworldfacingwaterscarcity

• SOPissolublesoitcanbeusedindripirrigation&fertigationsavingvaluablefreshwaterresources

• SOPreducesthetoxiceffectsofchloridebuildupinsoils,especiallyindryconditions,thatcanoccurwiththeuseofstandardMOP

• SOPisthebestfertilizertouseonmostfruits,vegetablesandnuttreesasconsumersrotatetoahealthierdiet

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ContactDetails

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CrystalPeakMineralsInc.2180South1300East

Suite200SaltLakeCity,UT84106

Phone:801-485-0223e-mail:info@crystalpeakminerals.comwebsite:www.crystalpeakminerals.com